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HomeMy WebLinkAbout1109 ~-, 10 __._ r_ , r ~ r ... .liJi.'t CJ!~I~r.jU ' und.-r (t,) of l'araafill'h 2 llHxt'<iing .hall not 10 AWInl1dlt to ~J ~r(lul\d r('nl~. t."'l'j &1)(1 ~1.1Il1'nts .nd IMllr.U\("(' pn>mlumll, aA lhl' ('aJl.e ma}' 1>0.\ wtH'n lhl.' /I..InfO .hall IJot.,,,mt. dut' alli\ \'lly"hll'. t1H'1l Ui\' Ol'Jrttrilj{\lr IIhall pay to tilt' rnorlltlagl.'t' ltlly amount Pl"'.>:!ur)' tJJ milk.. up till:' deflClf'nq. 011 lIf I.dIJI' HI<' dl\k Whf'll l'^ym.'nt of !luch ({found ft'uta. tJu;t\6. a&~('!!li\m('nl.l. or 1I16Urlil\C" l'rt.'f!lluma ilhllll b., \1\1\' If at an\' tHill:' U\f~ n\<H11aivr ahall t~ndl.r to tht' rnortg8j(t"l" In &ecord.llet' wllh tht" l)f\"I~Wnl of tl1<' II 0 to;' al-(Ilr;,j Iwrdl)'. full p'<lj'llIt'nt of tiH' ('ntlft' 1n,Il'lJlt'lill\'M rt'prp6('lIh'1i thl'lt'by. thl' /lwrtKaiC..... !llIal\. 1/. (,,11.- putlOI( thl' amount "f lu"h IlIllt'bU>\ill'-~, cn:....!lt t(, th(' llcclIunl of tiH' /llort~il~'lr alllI3)1ll"lltl' Illf.dt LJIlJ(,1 thl' tlrO~'llIlOIIII of (a) of I'sr~rjlph 2 hern,tf which t~\t' 11\0rtiilil't' lIu lint !,K'{'onll' ohlliCl\t('d It) 1',1\ to tht. Ftdrral i!oU8111i C~)/l1l1liUIOl\er and any h..'\laIlCt' rt'llIiUllini{ in th(' lundA :\l:culnu!liokd undrr tb.. pro\ 1~I01l8 of (h) ur "Id p.lll agr.ph 2. If HI"lt' .hall \;0('. ddalJll ulI,h'r All)' of ttw plU\'ISIOllll \.f thlll nll'i tll.t~", iI" !lulling III " publlr sa).' of thl' ptt,rntM'-8 ('o'l'rl,<I tH'TI'h), or if till' n\ortKHK'''' llCqUlIO. th,. prlll,,'rl) ,;tht,!. Wi~t' I\ftl'r ddault, thl' IIlnrtRa;r\'(' slI_ll lipply, at thl' llln(' of tht' (omflll'nrt'IlH'1I1 of lIurh pr'-I(, ,'dlll;(~ Ill' i\t tl\f' tun" tb" Pll'p(.rt)' 15 c.tht'r....ll\l' acqulf\'>(i, Uw balAIiCl' Illt'll rnnl'dtilti(ot III thl' (Ulil!lI Ilt'Olllllll.tlt d lJlidl'l UI) of l'i\rilKraph ~ prt'H'<llllll u a rrnllt ll~illlHlt tfll' alllount of l'r:nCl!,1l1 tlwlI n'mUllilllK Ullp,lld Illldl'f said IIU\i' find I'lIall propt.,rly a,ljWlt any pa]ml'lI~ ....hlcll IIh.11 hllo\'I.I"'('lll1\l\dl' under (,;) of !li\ld pardj{r,qdl. 4 ThAt Ill' .....111 Pl\] all U\ll,('a. AAJ!"<l-'\ment.8, water rah'l\., an,! other ~""'i'rtHllrntAI or lllUlill'ip.'iI, haq{d, t'I...I\, or Impul\llll'IH\, (or whld. pr." l!lh'll hlL'I lIot t...'1'll Illad.' ht'f1'llllX'f..!'.,. IH\(I!ll di'f~ult tht'i.<if th,' /!lOn- Xj\lt[~'t.. may pa.)' UII' "'allU:; iHHi that h,' .....111 pft1mpt1y dt'il\,'r the ol!iclltl r.....'ll't.8 th..rdol 10 till' /1,"1 t~aKt't C), Thill. tw .....lll\lO.nl1ll, cortHl1!t, "r IIllfh'r 1\0 wjU;te, 111\ I'./iIIlTlt'nt. or dtt','f10f,ltIOIl of ~!lld Pl"!".'ll~ "I' an) part tbt-It",.f; anct III tl!t' e't'lIl of tll,' (adurt. of thl' .1lort!(a}(lJr to kt't'\l HIl' iJlllldlllj(;\ 011 8;110 p;dJll""~ Rnd tlll"'l< to 1)(' t'r...d.',j 011 !llilll plt'mi~"!l, Ilf lmprlln'flH'lltJ\ HiPrnlB, III ~l~,.d ft'IH\lr. th.. lllort)lilK"" /1llt~ Illalt" such ft.'l':i,rn a.1 III tt.~ di8crl'lloll It nlll) dn'lIlIIl'Ct'i\!llH)' for ttll' prOpt.'r I'luI,'f\'atlc'li tI\t'I.,..f, .w.! th,' fuil amuunt of t.'lu'h allll ....rrr such paYI1il'lIt Ilhall h,' lllillw..llatl'ly dill' !llld \lilytlbh., [11\(1 "hllll h' ......"Uf I',j hy Hll" I,,'n "f thiS lllortlllii{l'. I) TIIRt ht' ....111 pay all And l\1/:l{ular Hi\' U18t./l. ("hl\rjot't''', and rCl;p('Il!\dl, Il1dlldlllf{ r"il"l'llflhll' IH\~ ~'.'r'~ ft~~, l\wi COi'lUt of f\1}.~tr/l.ctl\ of tltlt'. Incllftt.,1 or pt\ld Ilt any tlln., by Ull' !ll1J~t){llKI'" L>t"('a'l~t' of (I". Lttlur.' UII tilt' pArt of till' lllortl(it){of I'rurnptl] !lnd fuil)' to p..'rforrn thl' a~/I'1.'lIlt'llt~ Rlir.l.'O\l'llitn!!\ <If 1\iild prUlll' IMCf}' not(. IIll.! thl~ rn()rt~RK'" and IIll\(1 (',..,ta. i'h.H~.'g, and l.'l.pt'lIlH'l' "hall hI' ll11l11.dlll!,'I) till" till.! pa\' Abll' and IIhall b.: 8t.....un'tl b)' the Iiell of tillS !lllllt.ci.4(t', 7, That h(' wall j.c,t'('P th.' impnwl'Olt'nt}l. now t'Jli!\tII\R or lWft'Jlft;.'r Nrdt.1\ nn tll,' mortr:il/{'~! l'rop'rty. IIl!\Un....llL'l may lw fI:"'llIin",j frNn tin\!' to tlflIP by the rnllrtl{ilj{l:'I' il{Ellll'lt 10M, by I,f" all.! othpf haund.., C&!l'Ja\tlt'!I, and rnntlnl{t'nclt'~ In /luch IHl1011ntJl and for !o.lI(h 1"'r1l;oo;h It.'l nll\1' lx' rHI!l!r,'d by 11111rtf{flRt'i'. Ami will pay promptly, Whl'fl till", any prl'iillUIl\!\ (HI IIllch If\!!Uf&IlCt. tllr pa)'llil'llt of on hiI'll pro\ I~llln hM not lw('n ma,il' hf'n'lnb(.inn', All II\!lUrlil1(f' IIh,,1\ {>t. (luTI..d III fO/llIlri.lIlt'S 1Ippr",'.'.! by lIlort~.\lo:"" and tilt' pohclI'fl RIHI f1.n........aIK tht,It'''f ~hllll lw hl'!d by IIwrtj.{l\jo(''{' and hR\ l' i\ttilrh,'~1 thpf.to li>l'~ pit\ nhl!' clau..",l1'\ in favor (;[ i\nd III form 8ccpptnhlt, to tlH' mort){nl{.'~', In 1'\,('lIt of 10:'.-" hI' WIll ~(ln' IIllfl1hlli\tp notll>' by l11all tlJ mortKI'''l....'. /llld lIlort!{illt'.. flln\' mal,,' proof I.f 1..;;...'1 if flllt ll\.Hk l'r1lrll pti} hy Ill"r t){ .1 Il')\' , Il/:d l'Ach ItlIlUrilI1CI' COll\pllli} ("!\r..rlll~l ,.. ht'l"l,y I\uthorIH'1\ !ili,1 dlr,,,-t,,,l to IJli\k,' pay 1lH'l1t for 1\urL 1'l-3!l dln"('tly Ii) flHlfll(..~t..., 111!lt.-illl of tll ll1"rt~al{"l alll\ lllllr'tj.(ill{.'t. JOintly', and t1H' lHMlrllllC.. tn,~",'d", "r any J}/Ht th,'n"llf. fIIW" lw apl'll\''\ by 1l.lllftlol<lIoC"I' at ItA llpllOll "Itlll'! to tl... r.~lllctll)lI "f tll.' 1I1,io'!.t",IIH''i'l herd>}' l\{'cured or to thl' rt'stllrallllll or r,'pi\tr of 1 !It' prOI)(.rty darllAIl:1i1 I II I'\'\'nt of (orl'l'I"-lIl" "I thiS /1wrtKl\i"" pr ntb'r tranp,(..r of till.' 10 HI(' rn"rt~ilg,'d pr"l)('rty ill ......lllll{\1ll1hrlll'nl of th... 1111khl,'drw~'l 8l'Cur..,1 twnh,'. flll n~hl, uti(>, 1\11;\ Int,'rt'.!!! of th.. f!10rtgRi((1r II. 1\1\(1 to any In~UriHIC" p(J!rCl"~ tl,,':, In forct' ahall ps..'\iI to the plJrfha.....cr or Krant('(', ~. Th&t ttlt' Tilortj{aIW~ may, At any tll1W I'<'n:llng A 3ult upon tlll5 mlirtl{Bj{t" ilPplv to Ii1\' (O'lrt hl\\" Illl{ .Iurl~dlftlOll thu.'<lf for th~ apl'Olnlmrl1t of l\ T1'<Crl\'l'r, alld "IJell CIlUft aha!1 iorlhwlllI i1PP<ll(ll 1\ h'ft:l\t'r of tll€" l'n'ml~"!o (l)\.~Tl'd h.'It'by all anli 1I1f1j{ular, Iilellldllig all lind !\11ll{ulHr lhl' IllU'l\i", prollt.~, IMUf'A. And n"l.'I\lH'~ fr"m whlltt"t'r /'ot)urct' d"rl"~"'.i. ('{!.ch and I'vrry of wtllfh, It 1l<.'IlIV t',pft...~I)' \llid.:I- 1Ito....d. 18 h.'r.,hy morll(ill(l'l:i p~ If !lloe<:lticldly r.d !orth and dt'3cfll~i !II th... p:rantllll{ and ha!/('ndum rlau1!n hl'rt'<..!. end 1I11ch f('<'l'l\'t'r llhall Ill''.'" all the hro-l!. (! And l>fh-ct!H' fundi(Jn~ and pm",'r!'. 1/\ aIlYWt~I' i'drlillV",j by a cmlrt to a rl'n,'l\'l'r. llnd !lUdi IIppointfnent Ah;;ll bo.' ITIIl(lP by !iurh f4.l11rt a.'\ an adlllltt,'d ("Iulty I\nti it ml\tkr of nh3(1Iut.. Tlllht tn ~ji\ld rnortR'IIK''i'. And Without rden'lIf" to till ar!f'11UiH'V \if InEld, '-'<(Iua.-y of Uw \'lillll' of tit,. property fIlortlol:i\Rt'li or to tilt.' Ilol\,('ncy or lIlllo1\'I'llCY of ilald l1i"rtKI\~Of or thl' dd...ndants. And that lIueh rt'nL'I, pr(ltits. In(OI1H', iMlh'll. And P'\'I'f\U(~ I\h811 l)(~ iippll,'d hy Iluch r,'{"'j\,'r .!'l('cordlng t;> till' lll'ii of thl'l mortj.(ctjl" and till' practlCt. of AUl.h ('ourt In till' I',,'nt (If IHI..' ddHUIt "II tbl' pp.rt of tilt' mort~jiK"r ht'rl'ulIdl'r, tiIP fn(lft~a~or IIgr'...'l to !liiY to th,' n\ortj(R)f'''P on d,'ml~rlll Hil ;-. r"f\,o,on. aid" monthly ,"(Ital fOf th,' pr,.rt1I1..'!\ IH. lInlount at 11'a.!'t eqUivalent to onl'l"dfth (I: ,) of n.,' 8!iICP'V.al.' of the t \H'lw' fIH'nthly IIl!\titllrm'nts pavablt- !Il thf' thl'fl ('urn'lIt year plu" till' a(!u,.! RrIlOIJilt II! tll1' anllual tAX('~, MA"'Mrn{lnL~, Wi.t,'r rflt",~, !llld ,IlAIHllIlU> pr('flllUms for lIuch }'1'JH nut ell\l'f,'d by lh... Rforriintd montJlly p,aym('IlUl, 9, The mortKll~or {urthl'T l'O,\l'1l3lita UlIltshould thllllIl()rt~pl&I' alld the Ilut" I\"\lll..d hn,.},!, !lot Iw elti1bk for Ill!\UranCe und..r thr :-';atlO11111 l{oU8lli;;:- A!2t wlthlll 90 dD.yn frorn th,' dati- b"r.','! (w fit ten etatt'nwnt of !lny oftj(i'f of tht" r\'dt>!'3l H OUlll ng Adm i 11 ib t rat Ion or IHI thorll.l',d ~l<" I\t of the F",'(iera.l HO\lllll1g Cornn1\uiolier da.tf~ lIut.~equi.'nt to the 8a1d. limp from Hii' dat., of thlil fOortiage. dedlninl{ to trllIllr(, "iet note and thlll iflortl{i\l{f>, ll<\'lIllf dl"ffIWd r"I1Cill~I\I' pro,1f of lIuch In" rligihl!ity), thi' mortgag-ei' or the holdn of the noh~ may. At llll optwn. dcdnrl' all l\uml'l lH.'<:lJrl'd h('f('by lmm('litAtt:.'!Y due And r-Ay.bl~, 10. ThAt (0) in ttw ~Hnt of any brea.<:h of t.hll\ nlorll(aRt' or d(>lault on tho \llllt of thp mortj;tl\.l{or. or (0) In the event thsl.llny of t!lud S\lITHI (If mont', her.,in reft'r(("l!ln I)<!' not promptly /ind fully paId with. out dnnAnd or noll(,''', or ((.) 1/1 the event that eAch And (''o'er}' thl' IItlpulAtlOI1f!, IlKrt'('lll1'lItil. condltlOllo!i, and (()v€nanl.4 of &.aId note and t.h14 mortgage, an: not dull'. pPJmplly, lind fully po.donned: then In eithH or i\.IlY 811ch ev('nt, tht> 84Hi aQ'iregate Bum ment IOflt~1 Ifl J\.a ld lIotl' tnrll rHHI\ I n II\~ I!II pRHI. w tth inl('r~t accrued '0 that tnnf>, 811,1 .11 tnoneYII I<<urrd hen'hy, !lhall llN'omt' dllt' !HId p.nYl\hlt. forthwith, or thtN'3fter, at thp option of uld rnortgaK<<', u tu lly and Wi1lp!ptf.ly Ill1 if al! of H\l' ~A!d llllnH! of llH!I\CY "(>r~ o n g1l1 ill i:,; I}llpulfltM tl) t,;O;:' pAid on such dAy. anything in AAid n(,tl' or III thiS mortgag{' to thp ('Hltruy notwit.h5undtnR'; alld thereupon or ther'(oi,tter. at tht' option of said mf<rtgAgt~, without notIce or d('rnand IUit at law or in ('(Iult)'. mAY' be pf(~ut.eJ u if a.J1 moneys Ae(ule.d tH'n..by had rnatur.,d prior to it... II13t': \uUon: . 1111: mortg.l\lCt't' may for~k)$i' thiJil rnt'rtga~c. M t" \hl' amtl\Jnt IIf) d('('hul'i.i du(' 1\11'! H'\)'l\hle. IH,ld the ~A\f1 prf"f11l~ shall t)@ {j{)ld to ll4t:dy ~Ild pay the unH' k>i~th('f With (f)jjU, eJ(p(,Il~t'lI, and 8llowAnu~, In CA.M! of partial (Q~~I08urt! of thi..J mortgilKt', the mortg8({t.:d JHf.ml'U'3 IIhall [;." !lolt1 subject to tnl? con. ti~~iniC hen of UlI.I morti(llg't.> for the Amount of th(' dl.'bt not U:f1n ...hJ€" and Ulipl1l1\ In such CU<! the pn.>' Vl!llvl1..& of thla p.3ngT~ph mAY iiiam 1* /lvaBed ot thf'rea.ft~r from tlrlH' to time by Ule mort'~&,ei!, }1, That the mnttg_gor will give ImmMiati> notit(l by mail to th~ mort&~q\'{-<e of any con,,'eYlllice. t.a.n.s(er, or r.hlHljt.... of OWnU6.fllp of tht premi~, 12, 1O,l1t n(~ w.i~'t'i' or Any ('(iV('IlUit h6f~in or of tiw obliKstion e<<urt>>d hH~by waH at .ny time thtH.".!lRr ...1'1) he.d to '-~ A \II.lver (If the terma nHtof or of ti,e note l<<urOO hliffby.