HomeMy WebLinkAbout2243
(
-J 2;,1.;
Viol"'"
481
()
12
. q \ uor [!";u~ll\ a... .
~ndt'r (b) "f ~ph 2 p~ .....w'ba ~ti_t $0", ~ t<<l~ tAuM Q$!AaNMmnt.t
~1Hl inaw-.lUl4ep",mtwn.1 u \.h@ CUll IDalf M.. ..... u.. ... ..-...n ~ du. &ad pe)'~. theo the
tnortaq-or atutJl pay t.,) lb., ~ &a1 a.mov.nt ~ to .... up the. o.cKWm<:)'. on Q'f l-,{<rtJr~ th~
~tt' when p&1tIWtlt tt IMiCh pound ,..t.a, tax... ~ta. 01' I.utlra.n.e. ~i\1ma &ha.U be du<-, If
at any t i.fn;t ~ rao~ Ilh.al1 ~ to the roo~ it, ~ .. lth UIe pN"V i.ion. u f the not~
.ocur<<l h<<-ebYI ~H p&yna1t at tlw ati2'1l i.JKkbl<<t~ "'"'....t:!lId tMf~)', UM mo-rtc.... ahliii, III ('lofll'
putint: U\~ ~81. of INda ~1II~,:'tI(iit to) \h~ ~t o! the Ift(i~t all ~rrn~ntJl mAde und..r
the pnwi.aioM of (4) of ~ 2 t vrhlc.h tn.. mo-~ h.N not be<'~ne obh,ated to I~Y w the
foonal Ho~.I" Coraml...6oftllT Mt-i~ ~ rwna1n1nt: in th~ ~ tt-CcuO\ul...ted uncin 11\1' pro\ 151111\.
d (b) of ....id pu-aa""ph 2.. It lb.re 1Ih&l1 be! a d~&ult uoan AnY of th;! provl.ion.& of thia IlHlrtj~{'. I~'
lultlo, In . publk uk of the! prcn_ oo\'t'rfI(t hfiOOY. or jf tU morl4laj"~ &eqUirH the prop...rly otht>r.
Wl&e aft~r tldAUlt. Utt! ~ .haII apply. at the tim$ 01' th. commenci"rnent uf 311ch pt"tl":t'ftilnj{3 (lr at
the llm~ tht\ Im.1{M.'rty ill f.",""uwla" ~irllld. ~ b&1M~ then Nlfl'Aininf in fhe tun;u Il('cunluiatl."! under
(b) of p&r..,.a~ 2 pf<<<<1il'l4'''' a crf'{Jit ......iMt tM f&.llWUnl of princiPAl L~J!'n r~alnll1l lH1J.\lild \JndH
..cud not. And ~....IIH'()J....,.rly a4.11>>t an)' ~!.. which .hall h."\1l~n ma.de undn (G) of u.id pllrAguph.
.. ThAt he "ill pay 1AlI tax., ~ts, waUl rat_. And othn rovernment.J or municipal chAr~,
fln~, or imIJoOotiUc.n.a., for whkh pY1)vlt.lon b.aa not be>en m&d~ hE'reinbefoTE'. and in &tault lher(oQf the 1l10Ft-
il4Cft\ ma,,'f pAy th~ A⪇ and that. he ..-ill pnmlptly deliver the onki.l receipl4 t!wrefor to Uw !T.ortgAj(f'<',
f,. Ttll\t hr will pem:it, commIt, or euffflr no wult'. imp,f.\lrmt'ot. or dfi't€rioration of uld property l'r
Any part there..)!: j,nd in th~ ~\'{Ont of th\l t.i\ur~ of tho tnor~a.g(jr to kl:~p tnI' buildlllill on ~. aHi prl:l11ll'>~
and thn,'\(' tu l)i! Hocl-ed 00 Nlrl pN!!miaoM. or impr<)\"em~ntl tht'ft'()tI. ll\ I(\lod repai r. the mort ll"Il{'t.' mAY
rnak~ 8uch n"I~IU a.a in itA di..:netloll it mil)' d{o<(>!J1 li~ry for t.hf! prop€f" pre8t'f"vatwn theii'Qf. l\:d tilt'
full anHtunt of ('&('h !lnd 8\'ary I\ac.h paymflllt ,hall be imm('dia.tely du(' flno pllyable. and .hall be ~(ur\'<.1
by thl' JI('n of thiS mortPI\',
6. ThAt he wIll pay All and .inlllllu the co<su, char~. and e:.tfJo('osl?S. includinv ~uonllblt' ll\wy"r'!I
fn'S. lUll) cOIILl of all8tract.8 of title, Il1C\!rtf>t:l or paId At any tunl; by Uw 1l11,rlillgee ll{'(.'i\lJ~t of the (Illlur.'
on Hit' part of t.hE' muriliCiliur pnifllptly and fully to ~,<:rform the agr('-('nwn11l Itnd covl'lll\nt'l of ~lwl rn.m-
1M-Dry note and thill mortgllge. and &aId COi!ltb, charle&, and eJ.pt'I\.M" .hall i~ lfnme-:ill.l.tel)' dU(' SIl" ptty.
a.iJle and ahA-I! ht' ~('url~ by the Ii@n of t.hi. motiaJogt'.
7. That hI) wi\! k(~p the impro'.;(1menlA now <,xilltlng or h~ro~fter ere-(tt'<! on t}\f' rnortifi1fltod prop,ert),
insurM Ii.! mAY be requltoo from tilll\' to t!ll1C by th~ !noli-gagt'" ag&II1!1t I~a by nr~ and otlwr Is:uarth.
cii-'!t1aitINI. and (OntlllgNlCil'l'f in AlICh amountA and for lIuch llt'riod!l aa 1TI!1)' IX' r''!lullTd by mortjiil!CI'('.
.nd wll! paYJHGmpt\)'. whell (lul', any premium!! on such 1118urance for payment of whIch orO\'I1\I"1I h~_"
not ~n ma t'tH'f,'lnl)f.!fof't'. All ll\~Ul'.nc{' Ilhall hi.' carrle<! In compllnl~ Ilppro\,'f-\\ by mortgal{"" and
th.. !l()\icil"'ft I\nd p.nt;.....nls thHt:O! !\hall be hi.'ld by ll111dg&gl'(' and tin',,' aHllchf"! th"ft:to 10M payablt.
dMIJM in (A\'Or of And in (orm ~c('pt.l'bl~ to the 01 l' rtga.g\"'e , In event o( 10M ht' will ii\"e imfl1i'(ilatl'
notl(,(~ bt mail to mortglil{l"\', an,l morlKagi.'i.' may m..h'.l)f'~)( of loa..~ if not r1\iHh' pmmpll)' b)' nlOrliPIj{or.
ft.nd t'acn 11l1l\ltl\ncC' (nrnpl\\1)' 1':)lICl'rni"d III Iwrl'by autnoille~\ and dlrl'1:h~1 til n1RKe I*i mrnt (Ill stich
l(~" dlt;><,lIy to lTlurtgllgt"e ill!\t"lH\ of tll rnorti(I\j{,'r lHld mortia.~<< Jointl)', Slid th~ l1\5!\ran~e,Dro('(,I'f13. or
all)' p.srt Uwr\'{)(, may IX' Rpplied by rnortRI\~ a1 :\3 opllfHl ('lthl!!t to tilt' n..:iuctlol1 of the rnd..btl'(!nf"'~
ht'f..by &ecure<1 or to thi.' n'aV)rI~tl(ll\ or r('!':llr of It.... property danllilfNI. In ,'VOlt of fOfcclo..<\un' o( tl\l~
mortgag'", or OUWf tran.!\f;>r of title to th.. lllortgl\i{l,<i propNly 111 e"(t il1if\ll.hrrwnt of the Indd)t,'dn('''~
s{'Cured ht'n'b)'.!ill ri~hl. llt!e, and int.'rE'1\l of tnto llloitgaior In And to any IMurano' !lollC"ieJ! th.'nl:) (orro'
!hAll pau to thl" pUfI:haur or LrT>\nt~:e,
11. That ttw rnortgagt<e mil}', at An}' time pendmi & Auit upon th\!I rnortllAlCt', apply to the court ha\'-
ing )llflsdi{lion thui.-(jf for the appo\nlmtl1t of a r~ei\'<!r, and i\\Jch court shi\ll (orth\\ 11h I\ppnlllt II
f{..:\'i\'.'r ot thl' l)rerniAf~ {'oHu,'d hNeby all anll !l1l:gular. Indudll1i a\l And slt1gull\r th~' II1COllH', prlJf!t.~,
i.\!\UM. and r~\'(onlle.s from what....ver iW\Jrce d"II\,I."',I. t'l.\,h and c'vcry {If which. It 1)(,lll~ .'xpr(,1!.!\ly un'.ler,
Alli.xl, 18 heri>b}' mortgaged lUl it .pl'Cit1cAII)' l".et !orti: and de-acrib-f-\!lll th., grantlnR Iml! halX'nduTIl c1.iU!lf'\
hl'ff'ot. And Iluch !"('(:eIVI'r shall have Ill! the brnarl and efff'CUvl' functlOn~ and POWi'U in I\nywi~..
elltrust.:..1 b)' .. court to A r~i\er. and lluch appo\ntm~nt ShAll be made by "ueh {'ourt lU an adm:t1Jd
"'Iulty Al)d a rnatt,'r of ahp,()lut..' fight to ~a!(i mortt(Aget'. And without r"fl.'rl'n,e tn thr' ad(....lullfy ',r In<<.!.
I"{placy {If thi' \"31Ul' of thl' pror;.:'rty mnrtl{Ilj{('(1 or to tht> 50lvPllCY or 11111o!vrllcy of !lill!! ll\nrtll.i\l>(llr IIr till:'
Ih'fc>ndant..'1. Rnll that "uell !"i'nts, t1fof\t.'l. IOCOTlW. l"--,,tH'!. and f('\'l'IlUt'll shail b.{" appli"il by I\\ldi n'<I'j\1'!
arcording to the Iwn of thlll mort~alo:l' lWei the pracl1CP IJl ,weh court. In thi' P\ent of (,ny ddauit on Ui!'
part of th~ mortgtlR'or hl'rc.undl'f, the mortg-8gM liir('('ll to pay to thr mortg3Kt..... on d(,il1l\ncl all ~ li':tV.lI-
R.b\:' rnonthly r.'ntRJ for tll., prf'flll~'.'I\ aT! llrnount at ji'Aat e<luivalrnt to onl',twl'lfth (II') of tht. Il~~f('l(d!"
of the tw('h'l' monthly InllUillnH'nt~ payab!i' 10 tilt' th{'n cllrrer.l ywu ph.l~ tl)\' ncl\!iillafl1l>unt of till' flnraua)
ta:'(~ lUlIh\t!rnents. Yinh'r rl!,tt~. and IIl1lUral\Cl' prt'fTllllnl' tor euch Yl"JH not (o\"l.'rro by the li(nrf'uld
monthly pAyments.
9- The mortllagur (urther coven,wt./l that should thi'\ (l)tHtiag.' ami HI(' not.' ;'I1'1.\lf('.; ht'rf:hy not iw
ellg1bll' for iMurilllce undt'f the Nationa! Houtlill' Act Within ._)' ;..\ i.' (rom th.: dat.-. Isf-Hot
(","'nU..n llt.&t..rn;:ont of any officer of the F~1Hal Hout!1!1~ A,imil.t61r litlOn I)r allthoflH.....l Slr-fllt of th..
Fe<1HAI Hou.aing CQmn~iMiOtler dat<f'\i 1l111~..eq~tnt to thll ,10 ['!l'r'~ tlrn.... (r(}ln the date o~ lhl~
mortiC~e. d(-(:llnll\g to illlure u,!d note And t.nlt! mort,,~g1.', &llli ,leetned (()nc\lI~I\" proof of sua', Ill'
d1rnbility), t.htl rnorti-..cere or the hold@r ot the nolI! may, at itA optllJI!, dcdan: alllHHn~ !!t'(lHl'-<\ lwreby
ImInediately du{o and ~}.)'s.bl!.',
\0. Thllt (!1) In tht> f>,,'enl of Any b~&eh of thi?l f1'10rtglli'~ or dpfl\ult on t!H' part of thr, mort gsgor , qr
(b) in the ('\"I:'n1 thst any of uid SlHl1J of money her-ein re!f'fi<,d to lw not promptly and fuliy rl\;t! WIth.
out demAnd or notIce. or (c) in the I!!Yfr:t that ea-<:h >'lor! "....f!ry the 3tl\lulatlnn~, ligff1'flH'llt5, ('ondllIOnti,
And cov~n&nta c:f uid nott'! And thili mortg-~it'. an not duly, prompti;.'. 6nd fully perlorml'd: then in
eilher or any such eVfnt. the uld :iif"r~llte &Uln tn(!f1t\onKt In &AId notl~ tlwn rnoslnlng IInpllid, With
intnt4t &C\'rut(\ lo thAt time, and all mDfH!YI W(:urM her'f-by, ....'1all fxxome (lu>' l\nd pa~'ahl(' forthWith.
or U\u6$lfter. at thf) option ot uiti mortl""~, u Cully and Nrnplelt<ly M if !ill of tlH' Mid ~um!\ of n1i'ney
.ereotigm.l~y ttl!Jlil&t~ to ~.' r..aid on loch day, ill\)' lhini in lAiti note or in this n~ort!lai(' t~' tht> ("ntruy
notwltlar..andlrig': .l1d tht'r~upt",m l}T thHt'AtttH', At the option of &aId r!l(lrtgag(-(>, WIthout l\otl(t' or dt'm.nd.
It'J\t at il'lw or in equit)'. tlUlY be p~ut-!,,-l u If all rnorwy. ~(Hed heftiJY hfid rnatu(('(i priGr to \tlI inllt!
tutHm.. Th@ mor1.g~~ m.&y f{)r<<k~ thi4 mortlajfe. u to the lin\O\lnt 10 dedar~ tiue fwd pA)"tl.blr:&nd
th@ lJUd pral1l~ Anall ~ IOld to l&tilfy and pay the U1n~ lc'it'lthf'r with (-Ollta. e~p{'n.~~, anrt alloW.nCH
In ("~ of vartial f'or<<:loau'(I ot thi.a mort~ait. the mcwtPI-ed prm\i~ Ilhall bf! oold 3uh}ed to till' <'011-
Unuin. Ht!f! ot thlt mortgflg., tor the iJfflOunt of t.h~ d...bt r.ot then dla And \Inpa~1, in such ('Uf' th~ pro-
V!AlOM of thl.. par....uph rnl\Y ag.a.iii b"l! avaliC'd of thl.'r~.!lfter from tim@ to tim~ by tM mortlAiee.
1 t. Ti..t th~ morti'ago. r ~IH flw lmme<iiAt.-. i10tke by m/:\i1 to th3 mort!f-4fet'! of an, ronVI')'arlCI.',
tranalHI or ch~n~ of oWl~mlp of th, prt:1nllk~,
12, That nO wa\vt.r Qf Any oov(Jnant h.l"'ein t<J' of th{t ohli~l\Uon ~ured her~,JY w.a.l1 .t any timll
tht'y~~tter ~ held to be A 1if/liver of the tHmi h~reo( or 0' t.M QQtAf MCured h~1.