Loading...
HomeMy WebLinkAbout0555 o o 'J. tI. er;' 29 fAt! 5t,j(} (,T.lllCi[ taNTT. FlA. & (;uti! ,k{ilu.it bl tJxo 1~'JlI'~ ,Ji the (",'~'n>ulli lUlp(\ Ilgtl'lt"fn(,'Ob of Uu. DJOf1g_goe, ttw 1h000(1."S'.,," .hall he <<lht}.,,1 10 l~'t the I~.t., ~ ~l>,d nnJrti ft'(lCfl the pC'f!m'" ~ot1'!l l\no1~I. but In <- of . d~..utt in fl:.'1Y of the Ie-un. of !hit moct~.gt!. llJl<i the filing d " bill to fcrf(k.. dda a any other mortp~ ~mbttnng tM w9h1n d~,.,.\LfotI propm)" , tht- ,\'10"..1"")011 lha.U lmn~l.l.ltd'" &1;..1 withem PtJtk... bt> ('!:,Utk-..! to t.he appotntmt"Ot of a R<<oI'1Vff 01 t;,.. tnOrlK..~etJ pn'p~lt)', 3111.1 ,,/ Ih!l l~h, i",*i IOnJ f'f~J'i\ t~'I"Of. ....!th t~ U"11.\A1 (XTWfl of R('l("f'~ 10 Juch CUH. 3nd Iud. I\"-<'f"n o....y bt- ('-"'ll!!lut'll ill p'.""JC"~'\1i"1 of tM ~kl pr'-'p"t~' unli) th.r- tune l" d~ Hle thnwf unckr !JtX,h f'.Jf...duc:,u<,, ..n.1 lUll II I}O(' (onhrmati<lll of w(" '-'I\.- b\' th(' 0"111, V, I!.. (">(I''"I!)lU)(~ ~ho~.i<i ~ r.\Il.de ltV d~ mt;nga/l:>;fl 01 ~ f'rflG>~ I~t"cirl ~'fit'C"J, l'l' "flY I.....H thf"H",f, "dl<>Il! lit<' '" r\11>"11 (DtU>t't11 ..f Ih(' A~ j,oU'~l, ~nd .....ilh..ut ~JmptllJf\ In tf1;uLu (arm (.f lit.... by t~ ;:'~l\t('(' d t~ oh!l~..II"n' tll thf' \,,,...1..lk."1 l1~tN b:. \.l.kl proJfll.lk1fY not!' 4nd tbi' mortgage, t~lefl, and Ul t~1 f'\-fllt, o.nd lit IIi(' "ph"l of It;.. A~\O)('I,tll"il ,'I"i "Itlw,clt f\<'ll('(' ..II ~\11"" ,,J O'~y ft<C<....,..J ~ .J-1AI1 uunu'l!iatl"lv /l/'\(I '-'lflC'llT:"~th' with ~Il('h (t"lW\ 0\11('(" 1;;:"('011)(' d\l(' l\1I.1 po\~"I..k' ~",I in ;]daub, The A.uodAtion IniY (\N.1 ~ ~ in intf"l'f'tt ""th 11:..r~~ h' thit 1T)(I{i((.'~(' snd thf" debt ~'("b~' ~'\Ht'<.l 111 lIlt' JoaOl<'l fYWUUlot'r u ....tth the mcrtgAgon. ~i moly ftld~al to) lilt' Ill' rn.ay e>a'I':'mi time fi3f p.iyn)t'11l of Ihe dd)(, 1<<"'\1,,,,,1 hfldJ)., (I( (..Ii'M''4i~ aC1 ......tbout tlUd~rgi.ng Of t.n tfl)' w.~' IlHKtU1!t the l~bilrty, <rl the ill(lf'tgll,f.:OI,' 1lt'1"rt1il<.kf or upun tht' dd~ l.(-rr{ry' ~C'<\1l",1. 'The .r\bOl.."'i4tklll moty .1.0 .ioNl '4:lh the Mortg'lg'Xl II.,.\'" (A" '4'ith JUl.'(TUo"'IO In ~nt"m With \dO't1'll~ to Illl' lI}Ort~ ;~i" an,! the- (k!)( llo('f'('by _'1In"(1 hy h.>rt1C'>l<rlflg to fUt". nIMl,dinJ{ tht:! time ror (la)m4'f"l1 of lho:, ddJ{, r~.....iJlll~ r,.x tLffen:!lt monthly 1)Q~n~b lWiVot ~ dlHert'nt urtl:'rrtt ratl'. .utI by other npf'CISJ rnoJih;:t.tlOm (if the ".,.,ll1K"t, '''111-..1 k.ting 1\.1;)' pli-<)f\l~ "11" '-\Ui>ciahofl hAt O'tft ()t~ mort~V'K~ vr lwr.un 1)[ h".1..t..-n of &flY tunklr internb in tM property ~,.rtW t..:-rc'h). 10 'I1';I\t rn ,II<' (\('nt tht' l'n'ml~ tw-1Tby Ifi(JI1~lI~toJ, Of ~ny [liltt Ih.rnu. iliall be \.'on.Jemnal and 1.a~AI (Of pubhc U1<' \Ht<!<r Ill(' l-,wn (>f ~mlnt"'tlt doo...lill, lhe ....""'!(i4tl:Qf\ ~""U h,,~,t:' lhe ll~ht 10 ,kin.ft/j thAt .11 di\magN aWiUdc:-1 f,}1 tt-~ tAkiniit .A Of .!..m-1~(" lu w.i,\ p'r('"m~ ~!Un ~ pakt 10 thto ..hSOr.iAUOll, ib r"I,)\.~~)t1 '" u\lgn" up tll !hi." ll.Oll.HIht tmp.ll<.l on thit tnortj("ge all,1 ITIo'lY be- appll('<) upon fhc.- P*)1J~)t Of pIl)'"IDnlh Lut payable t~l, 11, It i.~ ~pM..ifi(:,.ny Qgfl"o!"(l th.\! tj~ i~ tl~, ~ of tMs ('<)l',tnct awl that no Wlliy"" of any obh,,01f}Ufl lil!'f"t'\lIIdM tor .,( !!l(' obligallut\ _-ured hff('t')' ~n at any Unit' t~ftff l~ liek! !o he it w.U..'(Of {,f the !("11'N Of lIf li~ itutruu){'nt ~"1.ir<<d hen'},)', - i 2.. If f'Jn'(.knu", p"\.lCff"illnj1.l ,)f any J('('OniI morlF;ligc Of W'C,md tntJt ,J~ Of" lln)' lunlor h<:'ll of "'flY ~H\(l ,hmllJ he huh t'lh""(l. tn.- Auod.al.huo mllY at iti uphOll, tm.'1l('(.\i.itt'ly Of t~ltl"f d('(l.1re this mortga~ amI th{' i.J-.Jl.'"bt<<lnn! ~Uf('>1 h~L~' (hit' llnd pi.lj'.bk, lJ. To th('O nlt"tlt of t~ in(}t'll'tNln~ of l~ MlJrtff,lIp;on In tt)(' A,.,.-OI. i.'ll\o!l .!~Til~! IwIt'i'l fOr )o(x~Jtt'<1 hrn'b)', 11;(' A!.10' .-i.it!Ufl,h ht'lt"l..y ~tJb{~,got!t'(1 to I~ bf'n Of l~, IIfl.d to the fi~hh 01, 1~I;Wn"i ar~lh{)M~.. thnrot of ("'.."h lIild r~ny mortga/(t, lwo lJf otllO" ftll'llmbr, MlCo(" Oil t~ lOIn.} dtlj("ft1~ Mrrln ,",'hich 11 poi...l an~l(or) !aluf<('<J, m .....hok! Of ill put, ('lit of,tht' \"rx"'<N.'<. h ..f the }.)QII .IMO'II~.1 h~mn Of ""ol",,l ~. llnd thot- lffpt"l"tln' 1lf'lU 01 ~ill fl'lOf1lta~r.s,. hens or othM f"'ix:1unhf1l.JlCfl. i ..all fllilM to llll,i l)(' h..W hy th(" A~,o('iAti{;O hn-I-in iU !lI'JCUnty fiJf the ifll~btt"<ltlf'U II) t~ '\WX-UIlOfl hnrlll l!nc.'f1lx-d Of h,,'H.hy !>"'(1ifl"( , tn 11>(' ume n~~'fH that it wod" hAV" IJM"ll r~""'"'''~ ami WQuld ha\'(' ~.I"'-"",>(";\ 10 0111)[1 lJo<:'<'t1 hdd by lhl' AtRx""i.iilion hAd it 1><<'1' duly :u....1 r!'gllLuly aui1/;fN't.l, Ir.ln.JEl"fn"(I, 1M oV{"l' And 1divM'Nl unt:,) the A>>()<:b.lfOO hy ",PIiU;1!C d~i of llulp\!n{'1it, 1l0h\ ilhrt..od tll~ II.... ( K"t llwl !I~ "I~ !"lUy l~ I'IthIi,.J and ftl~ll(..d of ft'('!fJI"\I. it l~ing L~ tntenUoo of !})(. \"lrt},'"\ t-..m--to Ih,.1 lhtl ~JM \-\ill 10(1 uUl{it<<.1 llnd c:.lJ}cdktl of n"<:'()(d by t..lw hoidcn t~ lit Of about lhe time Qf \~ re-c'Ording (,{ thh mOlt~"g('. 14 To pay "II il.n<.l hl'li:ullr I}~ ('i)sl!, <,h.l1~M, t\.lld Ml~ iml~..ILr.g hWj't"f" !f"f'"t, telil-")n~b:v inc\U!('J (if l~id al Iln:. :ifllt' hy thf. ,\<v)(1.,t!on. b<<'olll!(, of IlK' failurf' of tht'l Ml1rt~4~n ttl l~(,"n. c.oroply Wllh and IIbid... by ('i.u:h all.1 '''''('f")' Itil'"la !;.elf", 1I~I<<,m("J)t.J, ((,m.lllOOlu ;lr...1 C-<:HfhHlh of ~l<.l rn'tTILql-"~')' n~l"" sod this d~1, (>f ('i!h!'r, ;ihd (">'rry I\Kh p.o\lm-n\ Ih~n l....~r In!n(~t from dAk at the lal(' lta"...l ili lht> r:ot~ ~"'cHr!"<1 ~by, ' 1'), 'J1>.;tt hot! will prrrnlt, commit, (11' ~\lffl"f no wut(', imp<\ tHl'!(':11 , or '!M..r.....:a!i.J!l pf ....~i<1 prnpn'Y Of any !",,"t 1!ll:'H.'d, and ill tk ('VN'lt or tht- (:l!llltl" of th.. M(>rt~Jl~rs to~~l' Ih('l huihlini/.! '7' ~<id pcf'mi'Ks ;\;xl !I~ lu be ('/(,,\(',1 CI"l ~lid I'tI'ml5-M. Iff' IlnprO'f'tfl{"llil II\t'r't1.~1 in ~(lood ,r""\);tlr. !ht! AUO<.i.;tt.il.1f1 tru&;Y' mOl~C .jJlil r".Y .01' Hl{!i l"'t',ll;t itl to it~ d,~:('Uon It, m:\)' rl<<'lll Of'('N~.UV f<).,- tl>(l IlfOl:of'! r~r\'iltJm"l t~. and IlllJ full Amoun! of sudl I>.lywrnh ~.aU 1.'t'I K'CUlt'lt by th(" Uffi I..,f th!\ m(t1iga~I' md !ohllfl at IhtJ opt.km of th~ A"'-XiatlOl'1 lxt unmedi4td)' clue and p.'\)'abk. or P01}ib!e in m~..h rr:onlhiy irutallulf'nl;; iU thot A.\'IO(14' IHm milY dlit:'tmlot', 1\nll ~"''"("ry r..x:h payn><"nt 1U000lJ bev tntl"felt htJfo dAte lit tht' rail' ltAtt"{} in t~ !lU{1' S('<;'1lfM hl'fl.by. 'lfl T1I.1\ if lh{" .4J.~x l.:itiO{\ i!ll{\ the \il>rtj\igor' ape<', th" M\)rt~i\gO'n will ('ury iA policy or pohci{c1 of iJl~ur.trr:~ UpOfj th.,.,ir b"t'1 in an illn<....u-,l ('<{'.u,) (11:.m tim.. 10 Uroo to tM amO'J-TJ! (.of i:llJebtNlnh' herrby 5(<{'wcd. muing ,,,(,I "no.. w.h...tn l)("ncfi. (iJI) I h{'!NIHJa, and Ih:ll Ihe ~~jd A\"S>i(i.~tj(m r<U)' ~y lIlt' r1{"t'mlurm f.., such lruHran<'t', {In It.... C\,(l,l !h(' ~!ort~,,~,,'i\ .\0 not l. ..n.\ lldd ("~h loch p3)Tfl<'1lt tl) ll;(l U11!",,1d h.J.ir~ o. the l<.>afl, U of the f;,'!-t dAY of tl~ lflt'll ('U!H11t mOIl!h, i'il.tl It ,hall !'<'q)tTK :;d,hllOtlal indd.>t('(jllt.~j IlXUfe-<t hi this 1f',ortg4ge f.."\Yiibk upon droand. n. ~t in Ih~ t'W~Tlt tlul th1l r~g4gc l,>{' ghl:ll to l'OCUH~ a <....'Y.alrudl,m lo.ln, (i!.ilur~ on IrK' part d Ii", ~\;>llr,<l~"n .'f Ihf'ir i.,()1;tradoN I" coropkle iaiJ h\.l.Hdmg in IlOCOfd.l.1;'oo \\-ilh C"llJln,dioll L.:"UJ Al{l<<:1'r'(,TlI, of ('\"("1", da!(' hf"1"".-'nth. or to lHlIl.! ~~l (-{,n\tnK'tkm in IH" <)!J"r~ \'oilh pUlIS ilnd Ir>t-(~-lJiclilH"'fH fJe.;l wilh the An",,'LltV.lf), ~haU l'l:}mtitul(' II bft'''.-!l of Ihh n){1ft~,lg", ~ntl, II! lh~ OpHf.lH of th{. !\~Ki;,hon, i:rmlNiaii"ly rNitucc tho f'nbft. i4n\OU!1t I,f Iwincip"1 ;md lnl..!!'!t hnd.y s(,,""\Jl;,d :l.mllhe ;\i;O dal!<"Jfl IT>JiY iIn.nlb34ltely iNlltull' pnA<;-:e-Jiflg1 I,; ('.:>rrclo$C I hb mortg~g"', 1~. lb.,1 Ihe Al>>!rMi Of al>>tr,H"t1 of titk ('tN,'ring Ih~ mortgar,Nl Pi"!...."!!y wail lit {,U li.mf"~, during the I:fl' of thh Innrl ~"bl', r{"maln In the' po~~ion of the AU.c.....i."ly';H Ai,,1 In th~ t..--ent d II;{, hf<<b~1.;!e of !hit lIi{ii1~a~t' or l'lh'f !r.;n.;kr {If tit!..> tll t}w mOftf::lgr.-:1 pwpcrty I;; l'.hllglll~IIDtmt .A th(" imlt:btc-:lnr-.u ~t1fl....1 };eu"'hy, illl ri~,h!, iii It':", find Inlrn"";i of the M')ItK'K'~' III iH'.d 10 l111Y s'J(h ahstnu-u of tiilo-; d..all p.lu to t!r/, p\1fchJl.U'1' (If gr"nt<<. 19 Th~ A.~~~tk,n ,.hail ha...", tho light, in lliI du(xet)<)O. to rt"i'life' Jlid! the ;"~"l!g'gon P,IY trM. tlU' ..\Wxi<ili<m in 3dd: IKJ.' to the 1n<t!1t!lly inst.!lllmcfiti (If pftndp<ll an-d illtt-t~ to he p.lid by the ~\<..!f!gilgnr~ under lh" !lot.. ~('(ur(-d h.. Ihit m(lft~'1?:c. ;Ill ;Hl,(JtiT!! "'Iu..l to {lCi(" twdftl, fA thft Il.nnUAI irutJ3l1menh of ''OJ' (,uN nil thi' IrNl~~;i{R",l pri"'ml~ Inial Of ;;.;.~V'<l IJY 1m\' KuVr.nunenl....1 RhihonlY, Inri onelw('iith of the iMvmd pt'lnr.h.mu (or rue ilnd Eltt'l.,,!.'....} (....iV't'r.}ge It,Hi?<lIK(o {Ill il.., fnOI1gitE:",-1 Il$<'miw"'t (H l"'ldr.!:>!'furf' rt"''liljr~,d hy th~ A~-":iCliil:.un, And the Mi)"1tg"g~~' i.;;!l.!!~ !o m.,,1<e r\lCh ["'ymfl1lt sh"li ("'!'"htllk A lid.Il;!! \.i'i'Jn IIJi m"1tbi\~(" l~ Wn:-:E..s..,~ \'IHEIIEOt'. 1M uki MiAIgiii";C'fJ I~-ft""l.!lto ~d thri: !.~fldJ <iuti s.(...;h lll~ dAY an.! ~t';lf j.nt "i.ol'\'1" \\nltm SfdgJ;fll!;t;,~p"f .' / t,/"'- ~. l_ \ ~ -" \ --. ~ ,'.......................' LOYO M~L'ORd .'} L .;.,.~t'\..1 rrt....-dv,.-r f'-tt. R Y M...h.r 0 ~ 0/ (\FALl \..:.) ~.....(\.~...L<""_F ...._rJ".,~c."'-, (SEAl.) ~~_.-." ( ~F^L) (SE..'d,l r...'M}'M'iJ ~"',~f~~