Loading...
HomeMy WebLinkAbout2660 ~ ~~~ '" 1"',"" " Ii. ~. ~ :', <..: Po.. : . ~ I :\. If tilt. 101111 of lilt' pIlVlIlt'lll~ 1Il111!t. hy I Ill' \torlgltgor Ulld,'r (H) of pnl'ngrupll :! pr","...dillg sllHll "\('c...d 11,1' nlllllUIlI of PIl."lllt'llh ,tt,tuldly 1I!lldl' hy tll!' \iul'lgt\g..", for grollll,l n'I"". I""." RI.d H"","'''lllt'lIls. alld ill"'UrILlll~" pn'lJIilllll~, liS thl' t'll"'t' JllllY Ill" Sui'll l".t'l'SS sltllll hl' cn.dit,.d Oil ,qI,SI'l!II"1I1 11I1,\'11I"1I1o-; I," Ill' Il~lld,' I,y IIIl' \1,,1'1- ~ugor for slIdl 11'1ll~ or, lit \lorlgllg.... s opt~llll. sllld! II,' n.fu:ltl"llto \tllrlgac.:'.r. If, II"W,'\','r. ,11,,11 1l1"1l1 hh pHyllll'lIls slll\ll Ilot bt' suilit'i"llt 10 pllY sudl ill'IlIS \\ hl'll I lit' ..nlllt. shull I..Tolllt. dill' IIlltl 1'''-\ ilL\.-, th,'1l I h,. \lortgllgor shullpl!.Y 10 tilt' \l,.rlgl!.l.:t.(. HIl.\' HIIll>Ullt Ilt'I'l...sHry 10 IIlul.,' up I Ill' ddi,'I"IIl'Y. :-;uch PHYIlIt'1l1 shull Ill' II Ill" t' \\ilhill Ihirty (:W) dllYs IIftt'r wriltl'lI 1I0tin' fr"ll1 till' \lorlgagl'" slntillg I Ill' Ulll"lIllt of lilt' d,'li,'ic'llt..'. which lIoticl' Illl\Y bt' gin'lI IIy Illllil. Ii lit IIIlY tilllt' till' \Iort~"gor ",hnll It-lId,'r I" Ih,. \Iortgng..,. ill IItTord, alll'l' ,....ith tll" Ih'ovisiolls of till' lIutt. s,'('un.d h,'rd,y, full pll.'lll"llt llf Ih,' t'lotir., illd,.I,\t'dIIl'SS ('1'''1'''''' lot"d tlll'r,.IIy, thl' ~lort):llgt.t. sllllll. ill t'Ollll'lIt illg th" Hlllollnt of slwh IIld,.bt,'dll"SS. .-r,.dit 10 Ih,' 1l"I'Olllot of II... \Iortgllgor 111I.\' ('rt.dit bllhlltt,t. n'nlllilliIlg ull"I'r thl' provisiolls of ia) of said pa"llgmplt :: If tlll'r,' ~tllLIlItl' II ddllult llndt.r ,:ny of tho. l.'rovisillllS of Ihi,; Illorlglit!.. r,'sultill!.' ill a !'1I1.li.. Sldl' of till' "l'I'lJIi".s ..tlvI'r,.d h,'r,.I,.'. Ill' If till' \lortgRg.." Ilt''!Uift.S till' prop,'rt.'. otllt'rwl';l' uft,'r d,.flllllt. II... \Il1ngllgt.,. slutll lll'ph'. III tit,. 11111" "!f Iltl' "OIIlIll,'nl"'IIl,'nt of slwh prot'..t'ding,; or ut tilt' tin\l' till' 1'1'111"'1'1.\' i, ot1It'rwis.. '1I''I"lr,'d. lilt' ulllOllll1 tlll'll ('I'llIll1llillg to .'r...ltt of ~lortg'ILgor und,'r (IL) of paru!--'THpir '.! pr,'c',.dlllg ILS H .'n.dll Oil tilt. II~tt'r,...t lLlTrul'd ILlld u."plLid Ilnd tltl' bl!.IILIll'l' tu tl\<' prilll'ipd tl\<'1l ft'IIlHilling ullp.lId Oil ~aid Ilotl'. 4. He will pay all taxl'8, !\''IS('S8ments, water rat.ei, and other lI:oYl'rnmental or municipal chatll:es, fines, or i.lllpo...~ition~, fur which provision ha.~ not l)('{'n made hen'inl)('fuJ't', and in d!'fault tl1l'l'I'of the ~lortg:Lgl'e IllP,y pay the S..'UiH'; anel thut he will prolllptly deliver the ollicinl rect'ipts thrrdur to the \lortgagl'c. 5. He will pt'rmit, COllllllit, or sufTer no wu..~tp, impairlll('nt, or dt'tl'riomtion of said prop<'rty Of an." part thl'reof, excl'pt fl'a..'ltlllll}'le w('ar and tear; l\nd in th(' ('vent of the failure of the ~Iortgagor to kl'C'P tl1l' buildings 011 said pn'mi~',; fllld those to he efl'cted .:In said pfl'mi,.;t,s, or improVl'llll'll\'; therl'oll, in good repair, the \Iortgagt.l' lll'IY lllllk.. sueh repairs !\..~ in its discrl'tion it may dN'm lleCI's.'xHY for tl1l' propl'r pn'",'rvation thl'n'of, and thc~ fllllulIlount of t'aeh und l'\'I'ry such paynlf'nt shall he due aud payable thirty (:W) days nftt-r dl'lllan!..!, and shall he S{'cun.d by the lil'n of thi~ mortgnge. 6. He will pay all and singulur the costs, chl\r~es, aud ('X IX' list'S , including rpll.o.;onablp luwyer's fees, and costs of abstracts of title, incurr('(! or paill at any time by the ~tortgllgl'e Iwcllu,.;c of tl}(' failurt. Oll tl1l' part of the ~Iortfol:ag()r promptly anl! fully to {X'rform the agrt'('I11t'llts and covenants of said promis."Ory notl' !Lnd thIS nlOrlgafol:l', alld ~aid costs, eharges, and ex{X'nses shall he imIl}{'dil\tl'ly due and payablp alld shall be R('cufl.d by thl' \ic'll ',f this Illor~:lge. 7, Ill' 'will continuously maintain hazard insuranee, of sueh type or t.'.p('s l\nd alllollllt~ as \Iorlgngpe Illfl\, from tl!ll<' to time relJuire, on the improyements now or hefeaftpr on :-aid prl'lIlis('s, alld l'xt'ept wllt'lI pllyml'l!t ". ,,1' .'. .', :UPi.. Ll>.~ thNl'lDfO[t. o{'pn lIli\de lludN (0.) of pllfl\grllph :2 Ilt'rl'of. hI' will pll.\' prompllv wh"ll ,!"c,dOL AU in,.":nu:('('.'hnll !.(' ":Lrri"d ill euulIlILni('s lllll>rt)n'd by \krtp\):.,;. ll!l.d thl' poli- ., ':"': ':::.:: !;,' ;,,-jd by ;..lurt~n~"" tlllcl :lll\'(' lit!, .h('d tlll'rdu 10,,"" pI\YIl"lt. dIUISI':- ill fuv'lr of : " ;i;,' \L;"f.':LFl'e., 1.. ,'v(,lIl.of I;,:,,. hI' ~\'iil giVp imml'dill~(, uo.tiel' by ,n'li! to \Illrtgllgc'l', ': :,~:.h.:' jlrOO' c\f 10:'03 1f not IIllule promptly by \lllrtgagor, IUllt cadi 1l1SIlfl\IIt'l' ('ollll'llny ~v." , ' r,y I!l.thor:zl'd .llid dirl'(.t-t't! to lIl11ki.' paYIllt'ul for ';1It'h loss diredly to ~1"rtgllg,.1' il,,.t('lrn of to ~!o,t:;..c:"c c:ld \1(l1'lgllgl'e jointly, awl the in,;ufl\!l('(' pro('l'l"\';. or IIIlY pllrt t111'rl'of, may bl' Il~ll'lil'd by ~Iorl.-- gn":l'" < i':. . ,<,q, l.jthN to the fN!IIl'llOn of I: ~ ilillt'''w:hll'''s hert.by se('ured or to tll(' re"lorulioll or f('Pllir of tl,;- \""I"';:[Y ,rt\nlll~l'd I Ii I'\'('ut of fOfl'..!usur(' of lhi,; mortgage, or ether tflm,;ft'r of tillt' to the mllrtgngl'd pfOpl'rty in t'xtilig;li,.hillt'llt of the illdl'btt'dlleSH set'lIrl'd herpby, nil right, title, aud intefe:it of the ~lorlgngor ]1' Rntl to UIlY inSIlfl\1I1'1' policil's then in force shall pli-"i..." to the purchll6Cf Of grll.nt-ee. " Ii,. hdlllll: .'XI.t'lItl' or IiiI' of f,'('ord llllY in"lrllJJ1pnt whic'h imp"se" a rl'';lril'll"n upou tit,. ",11,. Ill' oC'('II- paw'y of th' propl'rty c!1',;tTihl'd Ilt'fl.in OJI thl' bll';~'; of rl!.('I', t'olor. or ITI'I'd. fl. 'I'll!' \lllr!gllgl'" IIIIlY. "t 'lilY tillll' pendillg I: ';lIit upon this mort~lI':'" opph' to tho' "Oll!'t l",,'i,,;: jIJri",tli,'- ti.)1I ihl'!','of ftlr :It.. 1i1'~)Oi!iPllt.Ht or n ft'I',.ivl'r. l\IId ';Ill'h 1'0111'1 ,.,hl!.il forthwith l!ppoil1t II r"c'l'in'r "f till' pl'l'IIII"" I'".,.,ft.d h"I','i>y dl llll.! ",ilq~~I:llr. incl1ldillg lllllll)(: ,;illgllhr Ihl' iIlI'OIll... prulils, iSSIIt''', lllld ....V'.I1IIt.S frtllll what- 1'\"',' SOli!"'" d ,'ri n.d, l'lll'h lllld c.\ t'ry tlf whidl. it Iwil1g I'X prl'"sly 1II1dl'l.,.,t ood, i,; 11t'('I'h~' IIIorl gll~,'d liS .r s p"1' dil':! II... sl't f..nh IlIIII d,."....ilH'd in thl' grl!.llling Rllll 11Ilhl'nd'1l1l clllll"c'" 1ll'('I'of. ~Ilf'h Ilpp"illlIlll'llt ,;1 lid I Ill' Illlld,. h',' Silt h ",,;rt as a:; admittl'd t'.pilly Illld 1\ IIlntll'r of llh,;olllt!. right 10 ,;uid \I"rtg"!.""', lllld withtlllt l'I.f"...,I1,.,. I;' tilt, !tdt'qlll\"Y PI' ilwdl'qul\c'y .,f Ih.. \'IdlH' of till' prop.'rty Illortt::lgl'd or to till' soln'IlI'y or illsllln'IlI'\' of slIid \I"n~Rg(lr nr till' dl'fpnd"lIls. ~\il'h rl'lIls. prolit". illl'OIllI'. i,,;sll,':i. llnd n'v! 1111t." ~llH!lllt' :q,plit'll h.\' ";11..1; 1'I'l'l'i",-,'r Kt""l'ding to till' lil'H of this I1l1lrll!:l!.gl' lllld tIll' pl"II'lil'l' nf slIl'h l'Ollrt. III Ihl' t'\'1'1l1 of ,my dc.fllllll (111 thl' pilI'! (If I it" \I,,!'t g'llgor 11t'",'ulldl'r. lilt' \I ort gllg'lr agn'l's to IltI,\' to t ht' \ lort g"lIg..t' on tll'Illlllld liS 1\ r"II"'OIl IIhl.. 11I011 t hh. ft'lltl!.1 for till' p....misl'~!tu II IlIO I III I lit Il'lIst I'quivlllt-I;, to ol1,,-tw..ifth ('12) nf thl' IIggft'gul.. of thl' IW..".,. IlIonthl~' ill"'!l!.lllllt'llls IlilYllhl,. ill till' Ihc'l1 l'ur""llt YC'lIr plu,; thl' ll"11I1I1l!.1lI011111 of th., ulllluld tll\I'S. 'I";S"S"!il"llt". wllt.:r rl!.tt'';. 111111 illsurlllll'l' p....llIilllll,; fill' "'111'11 yt'nr not ('o\'t'l'I.d by till' uforl'slIid Illolllldy pUYllll'n\,;. 10. In thl' t''''-I'nt of Rn~' hfl'llI'h of this lllortga!~1' or tll'fnult on till' pllrt of till' \Iorlgll):llr. or in Ihl' ('\'I'nt thul an~' of ';lIid SUIllS III IIlOllt.y 1It,J't.ill fdt'IT!'d to bl' not proIllptl." :md flllly Pllitlllt'c'ortling tn tilt' 11'1101' Ilt'fl'Of. or in Ih,. I'Yl'I1! thl!.t I'lIdl !llld I'Vl'ry till' ,;tipu)ations. Ilg('l.t'Illl'llt,;. I'ollditions. IIntl C'II\'t'l1l1l1ts of slIid not,. IInd this llIortgllgl'. a.... Ilot .lilly, prolllptly, ~llld ft~liy pl'd,'rnll'.! Of if t.llt. ~lortgl!.gnr 1.1' lIt1judic'l!.I(.d 1llll1kl'IIpt or Illndp tldl'nclllnt III l!. ll/lllkrllptl'Y or l't'I'I'I\'I'rslllp pro('I'I'dlllg,;; tht'n lIll'ltht'r or nny SIlt'h I'Yl'nt. th,' suid lI,r"r,'- g'utl' Slllll JIll'ntiolll'C~ in snit! Ilotl' tlll.n J't'Illp.inil1~ ullpl!.itl, with inkrp,;! fH'(TUl'tI tn .Ihllt tiIll~" alltl ull n;;,~lt..\. sl'"'lIft.d hpreb.\'. shall bl'l'OIlW due IIntl pl!.Yllhll' fortll\nth. or tlll'fl'lIftef. at tilt' \)ptltln of SIIItI \r()rt~II!!"I'. liS full y IlllIl I'om pldl'ly l!.S if all the said SUIlI'; of ll1onl'.... wl'rl' orI/-6nllll.... st i pull!. tlll to h(. pR id on S IIl'h .I R \'. nil \'- I hing :n flllidnott. or in t his Illortgll~l' to tht' I'ontruy not wit hstuncling; an.! tlll'f('UlltHl or t hl'ft'l!.ftt'!'. II t t h.: opt i:,n of stoic! \In[tgngI'P. without nolin' or dl'll1and. suit nt Il\.w or in equily, Illa\' ht' pro,;t"'lIll'd II'" if 1111 IllOI1I'\''; "1'('Urt.(! hl'ft'hy had llll\tllf('t.I prior to its illstitution. Tht, ~lortgli~t'P III a." (oret'\osl' Ihis ll1orl"lIgl'. II" to tlt\. a!1lllunt ~. dl'dllfl'd dlH' and I'I\.\'Rhle, and thl' sl!.id pft'mi,;l's shRll hI' sold to slIli"f;. I\.nll pl!.V thl'''~11IllI' t,w,'t!I..!' wi:h ,'oSIS, "XFl'llflI'S. filII! "llo\\~ncl'5, In <:'1\.<;(' of Pllrtial fnrl'dosllrl' of this mo('tgl~gl'. till' il1ort~II~l'd lll'~lIli..t'''' shRll hI' sold sllhjPc,t t.~.t~ll' l'OIl!inll,in~ lipn of tlli,; lJlorlgl\~t' fur the t."lIlOullt of thl' tlt'ht not tlll'n dll.. und lInpllid. In "I!l'l' ,'l\,;c ,he prov1sIOIlS 01 tlus paragraph may agll.m be a\'atletl uf th"rt"lfter from tillll' tll lillll' bv Ih., ~lorl~'gt'e. . II. ~o Wll!Ver of hPY el)Vl'nant lwn'in Of of the ohligRtion S('cllrl'd lWf(.b\' shall l!.t IIIlV tillll' tllt'rl'lIftt'r I)(' hel,! t'J i". r\ wr\iH'(' 0: till- tl'rn1S IH'rl'of or of tIll' nutI' sPl'url'd lll'rf'hy.' , 12. The lil'n of this illstrlllllt'nt shl!.ll r!'ml!.in in fllll fOITI' lint! ,.lfl'l,t during flll\' po,;! POlll'IlH'nl or I'xlt'llsi..1l of the time of pl\.YIlll'nt of till' iIH!ebkdl\('ss Oi" any part thl'rpof sel'llrt'oll hereby. ' 13. Thi.. mortgage is gi'.t'n to S('('lIrt' tIll' pur('hl\81' mOlley, or a part therl'of, of thl' 1l!.IH!" hl'rl'!!! dt'scTillt'd llJ1d is ('xccuted and deliverl'd ('ontemporan('ow,ly with the dl't'd therefor. 14. If the ~tort~a!~or defalllt in any of till' I'O\"l'nants or a~l'l'ml'nts l'ontainpd hl'rein, or 1.1 said note, then the ~fortg&~ee may. pNform thr 8a.lIle. and all expt'nditllfl'S, (indlldi!1F: rea.....IJl.able Rt !ornl'."'s fl'es) Illadl' hy the \tOl'tg'Rgl'(, II! so dOIll~ 8hl\.II draw mtNest at tlw rflt(' rm!vII~pd for m till' prInCipal lIldl'bt.'dnl'ss. l!.nd shall Ilt' repuyable tlurty (30) IIU.\'8 aftl'r demand, and, wgether ,nth mtcrt'St Ilnd costs 81'('rll(.d then'on. shull hp St'l'urpo by this mortgage. 15. Upon the feqUC<lt of the Mortga~l'(' the ~lortga.gor shall ex~ut(' 80d drliH-r 8 supplemental notl' or notes for the sum or sum" advanced by the ~Iortgag('l' for the alt('ratJOn, modernization impro\'t'lIll'nt mRin- ~enance, or repair ?f ,said premiSl-'8, for tax('s or as8l'881lll'nts agt'.inst the .same .and for any ~tl\('r purpoS(' ~II t 1101'- Iz~d hen'under. Said n?te or n~tC8 shall \)(' 8.~cured !ll'n.by on a parity Wit h BIlll l\.S fully Ii-'l if tilt' ud \'an.'t. eVidenced thereby were rncludcd rn the note first descnbed above. Said Bupplemt'ntl!.l nott' or no\('s shall bt'sr