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HomeMy WebLinkAbout0676 ~~~l" 29 fACE 681 3, If tJ.;, toi-.l o! ,lIe pAJm~lIt.In~t' hy lhrBO .,r-u,nd<<r (&) of powa<<r~ph 2 p:N'I",hnc 11\-.11 f'H'~ thtl ~tnOUlllllf P4lJllIt"l\I" MlllAllj' n1Ail~ t.y UlfI M io.~f ~ ~ t.,", vtJ .....".milnlli. lLlld I:l&Ufa.UCi' prt'miuma. 8IA tbe c>>e may hi-, 5\)("h ~,~ .t1a.l.1l'M'l, t~on'fut~~t;(H ptlYlllOO"* \0 h,.. n...a.; hy \ht'- Mort- .:-..ror fur JU(.b i\.<emS or, at, ~t()~'. t)p\M,l1~, .h,ui h", rt\(umlN Li) Mort;c~f, H. hOll!'f\vt'r, lJUch monthly p&yn.i.ll{I~ ~1 nol. b~ !lUfficlWI. 10 P"Y IUt'h il~m. .-hen tbt' MlDf' _..II bN..:,mt> Juc atH} pav&blfl, then t!-lr- Mortg-aw.H lJlla.n p*' \Q lhe ~torti{~ ..uy amt..t\lnL IH>;,'f!8iI&TJ' t,(l nl&k~ UI-' thf\ d66ci".ney, Sudl paymenl ..hllll h~ 11I...1(\ ..ithir. thirty PO) dAYS ,.fl('f ..ritten uQ\.ice (mOl UJ(\ Mor~ .tali.. Iht'! t.f1iount et t!ill dt'tkirnc)', ....t,tkb 1}(.ti('iI lll&Y ~ jo.rivrn h,y Iuil. Jf at any \.~ lh~ ~{or\pl'Or ,hall t-t'udt"l, to ~h" MortttA.j{~ in lJo('.:or.l- 1Ul~ "IUt i.ht\ JH'OTUIlOrul (If the r;O~~ ~uJ"\'lad ~hy. full paymjil.nL of thl' f!vtu.... 1II111'b<<'c.lrlf'foA n'prt>+l'lltN\ IhNeby, t.ht' Mortt{aK~ .hall, In cvrnpullllg \.htl lUUUUnt- .of loch il)Q",M-t'(if\('CIl. c1't'\ht V) tlll' &C'('(}unl. of thl' ~tori-g~r.,ny erN"" t>All\!l{,~ \'l'nlt.1t1il~ Ulli.IM lobe pro'fWOt\la o! (6) of lAId puagr.ph 2, If lhi're .1...1\ ht' Ii. ddaullllnJI>f any of Ihfll?ftl,ie-iorlS .If lllt. rn(j'14l;~ rH-IJlting in a public aWl' Dl UH' pr..milltMl (-(!vrrl"ll hf'tt"by, or if the Morli\SogN' If(''lU\ft'lS the prOfH"ft.Y olhf<TW~ .t\-~: df'fttult, th~ Mort.t{~(\(\ Iiliall, .ppl.\'. at thl' \-imf> of th,' ('emm~ll(:f'ml'IIL of i!uch pnJCH-<III4{1l Of at thl.' tlffil'l In(' prop"rl)' 11\ olh(,J'1lI'IIil' al''lIlI!''~1. Ih.' l'-'Bolln\- Ih~lI rf'n\l~inHl~ to ('f!'ilit of Mortf{~(lf UIllIt'f <a) of pa.l~"ph :.: prKN.iwj.: M 1\ crt,<ilt- on \hI' inli'f'l'1ll w<'rui'd a.nd u,np&id a,au lhf\ b&IIJ~.f) t-o \.ht' pnnripllllht'tI r~ma.1n;ng UJlpiUd Oti Mid llOtAl. (, H& will I>>oY ..n tuN, ~l<l'Ow.. ..... 'I'1l1et, and other I'fJnrmmen\a1 or tnunlciptJ eha.rpa, ~. (It' tmp.:JIIiLiQM, fOf .hich pro\itlt(lU h.u 001. l~ ~ hereinbel~, s.n.1ln dt:lr.u.\t tMr'f\tC.f the Mo~ may pay tM ~; -.oJ Ui-at be ..1.ll ptotnptJy dWvt'-f UWl offici&l ~IJCA tMrdor t(l \.he M~ 5. He w'l11 pt'roUt, commit, or wfJ", 00 wu.t.e. imp&lrmen~ Ql ~erlotaUon of DtJd pro~rty Of ..n'\' put t.~m:;f ex~ rea.lllonAb)e "'Ml't $&..l WAll' ~ in the e~ent of ~ (allure of lh<l Mortgi'lOf lJ.) kf.\fp t.l~ hui'LJ!t~ 00 ...hl pten~ l\JW thQ8le \.() 1J(! eftlcl.to, 00 IIa1d ~, Of lmprovnrIWU lht-rt'Oo, lO ~J>Od I'1'I....r. lh(j Mortj;~ nay uu.k.e llUeh ~piUJ"8 .. in ita diae~ti()Q It may ~ t'loN:,orr ry for \hfl pt'CPf'r pf't'llW'rvaUoli tht'reof, wd the fulllUMuot of I':'6Ch a.nd tn--eory tueh paymt"'Slt ebalI be duo &.r:ll'i P&Jt.l:~ thirty (3(1) dllo)" aJt-er demand, An,d ah&ll ~ ~ureod by Ute l~ of thiA ~. .6. He wH! f'l'J all .nd IliD-l'u...r the ('I()lrt,a. eh..~ a.n<l ~J;~ lncludin<< ~n&l-,kllt.."yt't'1I f~, lUll.! ~)f8\. of ~tII of W1t-. ~ (.'r {JIIJ.l at MY Ulnt1 by l-l~ Mo~ ~ of the r..i.lure on lh" l-.art L)( lh-!! Mortpgot promptly lUld hIlly t{) penorm \M lI&f~nt4 and OfH~n.an!.il of Mid pfomu..ory note and tl;l~ ml)rt~~, I'.n<l Mid 0081.!i~ chA-rp, lUX! ft'pt':QlIIfIlI &ball b!llr.n.mediat...ly due a.nd payt.hle and 6h.rJI bI:l PJ<<:ur<<1 hy Ill/' htll of IbL~ mort<<~ i. He,..ill oont.inoo~ mAintain h.u&rd int!u~. of fueh t.Yi'" or t.yP't'" ~l\d &mountll M Mort1(,*,~ n1a.y ft'tHn tim{'l W tim~ i"t'qum, on u..e improvem~n\A now or ~t.Pr Of) Nid pren~ and !'l.l.'f'pl. when paYIJ\!'nt. for &lltui'll pr~-nuumA b... thfft!wfore l~n m~lt\ Undf'f (1\) of pu~ph 2 herE'of h6 wlll pay pronv)t.ly WLNl du" 1.1\)' prNniuUl.! tht<r, pfor, AU in.'ll!ra.uOfIAAall be c.a.rn('o(i in (c()Ulp4mi('lllllpprovN\ lJy M(}ft~I1\OO a.n.\ lJlIl pooh, d("lt anti fl'Hf'vnls thrr....d fl.llil11 bot' h('ld by MO~6f((\(\ 6-nd have Illla<'he..! thHl'\.i) IQM pay.blt' dll.li'l('lll in faYM of and ill form a.c'('('p\.Jl.bl~ t.o t.hf\ ~1or~~f'(\. . In en'nt of 10M h{l will tt1ve irnmedillw notice by m~il k. ~1.ort~&+:f'(\. ami :-'!or4(~N\ IllS.)' makto proof of lof15 if not It\ll-I.ic promptly by M(Jft~t.f,'t.)f, ..nd ~,h in<\ufl\ne~ COmpAny conct-Tllt'J 1;,\ h('nhv llutb(}riL~i and dirN:t-t'd t..) make pl\'yIn"nt for 6\1(h lo~ diroctly to Mor~,,+:t'(\ imlN~,1 of to ~tljrt~l\.gt}r ll.lH1 \1ort~~ juintlv. and tbi\ iMunt.nc~ ptO(~h, or ..ny put then:.C){. rn",y he apphl'<.l b)" ~Iort. K8-gN'l at ita option l'ilhl'r to tu{> rf".if~\l.i()n of t}le iudI'L,w.lm'M hf'fCby ~uf(..d or tD tht' n:'tDf.&UOn or rt'palf of till' pr-optorty lilUll&f\NI In event. Oi forl'<'l06ure of thL" Ul<)f~~t' or ot.b(!r lratVif..r of lIth. to UHl mort~!l.l':.....i pr<)l}('rty in t'.l.lint;U1l!-hllH'nt of thl" illdr,bt.oi'dnt'tWi ~urt'.cj hffl'hy. J1 ri~ht.. litl(<, and inu~!~t of the ;.tort+:'4COr in e.nd t.) &.!Iy illl\llrt.1IC~ POU{jM INn in (oroa l\.h&ll p"">a t.o the IHIN.~ or grl.'1.nt~, 1-\, H,' "Ill nnt f'".'('uk Of fill' iJf fI'<,oftlllny in."u'umi'nl ",hid) imp{~ fl rl~tflcllOIl \Jp~lIi thl' u\;. Of OCI'\!> I>SIICY of Iht' prqwrty d\~:nbf,d ht'r.,in 011 lhe bUli'! o( r..('~. c<)lor, or ('[(,,-...1. \l 1'h(' \torq,~/!.f{f'{, l'JA;", at "ny linw Iwndil1g" !ll!~t up"o thi!! IlHHt~t\l." apply to tht, (,,'HI hi\\ing jllfl"dw- lIOn thr-r."of for thf' I\Pl~'Lrltmfllt ol A r,>("'I\'\'r, and ~U(h c'-Jurtli!,.ll (ort.I,.....I!"!. l\ppOlllt & r.-n'I\'l'C of ,Ih., pf.'II\I""" ftJ\'t'fn! hH,.hy, a11.M)1 !l11l~lIll\r, 1Ii1I\Jtl:lI~ All and, !lIOKulttr llll< Illeuml', prol~\A, lAAlll''', aJlt! n>v"Il\ll"'Jrum, :,,'h:\l- e..-rf "".urn" dn\ "(.1, I'j\( II jln;! .>\'('r)' of wlllrh. It h'lllio: ,',\ pf\.~ly undrOiI{)4I-<L 1'1 hrrt'll)' mort~A~"'!l\.!Ill !\{)-!"nh('~lI y Il-d f'Hlh atill (h~'n\.(".t in 11il' ~rl\ntJflg and hlllJi'!Il\lllll d&u~ IH'it'of ~\Hh II\,PO;T\l!IWllt "hl\\llo.' lI\at!,' In' f'lIHh ((!tal 8-<'" kn s,bnttt.>..1 i i1'1l1,\' lUl.t llo llH.ttn "f C\b~"lut~ ri~ht I.. ll11itt \lnn~ft;';l'<'. fUl'\ \lo'Ilh"l\t rP{ff,'!\i'I' In tt... IvlfqU!V'y t.r in",L-'pllV'y of Ill.. Yll.hw '.of tlH' pflll.Hly morl~~",1 Il; III Ihl' ,;oIVl.ncy 01' 1Il~(lh-l'tlcy uf glll,l \lflrlK!>t;Of or lh.-, .ld"(\'!t\.IlIJI Swh r,'Il\.~. pfohtA. Il\COlHr., i.~\II~. kllll fl'\'I'IIUl'J; t<halll". i\\lplir..ll,)' ..ndi r.'('c,in'r l\('('or.llII>': tn tin' l\i>n o( thi" l!1"n>:~" o.n.lthl' prlldiCi' of Buell l'''IHt, In tlii' €'Yl'nt ..f I\IlY Ildalllt on lh... p~rt (I( ,h." \1..nt;l\jl"r !W(I'III1'!U. tlw \1..rl~I\Vor !\Kft'{~ 1.0 pay to tb., \lnrt~8-K'" tIn IIt'lll/OllI!a-'\ 1\ ro'!,_",J]!l!.hl.' mOllthly ("nllll ("',tbt' I'h'II\I""~ I\tl tlllll,Jlmt 1\11,'!\'''l c{jlliYI\INII to onlLlwdfth (\ll,:..f lh.' f4{jlf\'f{i\t.. oi Ih.. l....-d\'I' ill"ntbly 1ill\lflllllH'lIIJt paYl!ohl.. HI Ih., llHll \'Infl'nt YC-i\r p!\!.~ thl' M lUIII i',mflunt of II\!, l\lInul\l tA"~, tv.iwMlI\ent-il, WAkf fllh:'~. ati.1 tn.>!urllfll'" 1'1\'llliilf1l'l I',r !\\H'h y,'!H nol fft\,(-f''il by till' ftfOIl'6AI..I monthly paymf'nli< Ill. In t.h,' (>wnt of ilny bn.~h of tbig mt>rl~~ or ddau\t on tb" pMt. of lh\' \1t)Il~fi;{Or. or in tlt(< f"'t'nt Ihs! !\llY o( i'"i.l !\llllb 01111011";0- hH,'in rdt'ffl,.1 t.. h.., i1(j1 promptly ..nd (d"" ~>lt.il\ l\r{oftltnjo: 10 Ih.. knor hN'~Jf. pr Ifl th.. ('\'Ntl Ill,,: l'l\(h I\lilt ('\'H)' till' !It1{'1\I1Iltlllrl'!. '4<'r"Nnenl~, ('"n.\ltHIfi~, !lw\ rO\'('fl!!llhl o( !\~ld 1'101.' an.\ till" :Jl"r1~/\f" Ii~" n"t dilly_ promptly, !"fll !l!lly I'n!ufl1will;; If t,b' ~Iilrlgllgllr Ix' ~.\j\ldl{,l\l,d \.llllkru{,t or Illol.\I' .k(('nll"!l~ 10 5 hl\J1krl\pt(')' or ('''','I\'i'n\h1f' pIO'-t......tlOj.V--I; tllrn III ('lthH "I SlIY l\l.\(1I t'Yfnl, !h.' !'1l1l!ll.I(~r.>o Ill\l<' !lBII1 m"IlI\!>llt',I,1I1 F-t\HI noti' tlll'n rf'lll!lllltn(': tlnpiwl. WIth Illl-rriilt "I'('tlll'(\ to thllt \1111", "n.) l\-1I 1II',lIH'Y ""nlfpd !ll,r...hy, ~haH 1l{~'oJn(, dut' I\fHI p/\)'I\l.!., f>flhwlth. or tlll^fi't'I!t('r, at. tll" optIOn Hf fll'rold :-'1{)1l~i\.W"" M (uliy 1lJ1t\ I'ompll,tdy M If all tlit' Mi,i "ilin!' of II\OIH'..' "''-1'1(' ori~llI\II...' fltipljl~li,..t to I)f' pl\id fill !\\Jell ',roy, AllV~ thill~ III ".illll\)t~, or in \hi~ lIIor4i:~-g1' t" tilt' tunlf"';:Y nolwilh....lan.lini>:; And Ih!'f-e-lJp(,n or Ih..n-aftN. "I. till' "ptwn {If I'!litl \ttfrtj{tlF:I"~, wit},..,\t noli,,, or 1\"Ul!\.lId, !!ait !\t h.w or in NIHily. m~y I... pr(JMl>('llled P.Jl if "II monl'\"!'l ,l<-t'('\lfl,.1 her.,b,\' \li!,.IIIl:\tUI,,1 prior I" it" inl\titulwn, Till' \fOfl~l'.gf'~ Jrl&Y (off'do~ thi!' Il\Onj.:l\g'-'. &-'I to d\!. ',' flHI'\\wt w d...IM"'\ dul' !>!li! p~)'llhh'. I\nd thl' @ai,! pTt'lIli"""" 5hl\1I h~, !tol,l tt) i'-l\tl1\fy IUFi pa.... lllf' MLIlj/' 1..~dhN \\ilh I"",IA, ('I{Wn~. l\/l.1 i\1!..Wtlllr(~ Tn ('~ of pllrliltJ for....doIHlfe of tlli!! Inotl~l\v.", Ih(. !nort~t\jo{l.{1 pr1'lIli!;.(.,. @,hl\U hi' !\ol.i tmlJjN't to tilt' '''ntlnllin~ 1i"li of IhiJlll1ort~t\g., f.." th,) l!.lhOlJnt of II\(' ,,,,ht 1\01. Ihr-Il ."w fil\l\ Illlp!\il\ In !tile\; ('BA(' tlor' pfl.l\'il';iofl.'I of thi!t ll!l.ito,j{tAph Illl\)" ~i\-ln he "....il.....i or t1",rd,(v'r from tim'- to tHU1_' by thl' Mott~i\~~. II, SO v'-llinf of any i'OHnllJl~ h"rfin or Gf th(, ob\ill.",tioll ;;.....qn,>t1I11.ri'hy ..h!l.ll !It &ny liml' tbn'l\!tN ht' hehllo I", t\ WQiH'f of lht' tnlllli iH'r.-.>( or uf the flOW llt,(t1ff...1 ho.:'h..., 12, Th.. !In: of thi!! in~tr\ln\l'nt "hall H'll\llill in full for... 1\1\\1 dIFt tlllrln~ AllY p'AlpOiH'm,'nl ..r i'1;\.'n".,m of Ih" I.iilil' ilf pl\)'li\tnt uf thl" irll\t'bt,...dn(,i\!I or any part th('f{....( ~--"':'Ilf,,,ll!.--r,,hy, 13, Thi~ iIl()rt~Il;(" i" j(i\'i'f1 I" 1i{,('Uff' thi\ l>llrf'h~~ !liOnl'\', or Il. pMl tLeri..-A, of thf' IAmh hf'f('in o\toA('f1I..,,1 e.f\l1 ill ,':\.oC'{'llt<'11 t!J1.l,II'liHft,tl n)llldnpOflIJ!,o{)~ly .....ilh t.h,~ dh{l thtH'for, ' 14. Ii tlw \f..rl~t4COf (11,f>\\lll Ul "ny uf tllC eon'nll,nla or !.>f{TN:rnl'nt~ con:.ain<,l hl'li'in, or in l<i\ill no:.', lhN1 lb- ~f(lrti(~~ HlAY, p,-rfofln ihl' [!I\,nll', r.n,l All NI~'I\(lrt\l(('l, (llir!llilinK r"SJ',oo.'l1blt, Ilt!',mI'Y'!1 (".("!!) lil!l-<I.. hy tIll' \tOftgggl'~ "HI Ii.o '~:l!n~ I,-hall .Iraw Illkh---al at Ih!> r;;.tt' pr,!ndr:.i (.-.r HI ill.. IJfUH'IP&IIIl\t('hk.IrH"~1, ~.nd !lh,,!! \~ fl'pallilll!~ lhlrty' (,}OJ dll)'!lll-ftl'f IlfHl!lnd, a,nd, liJiidlll'r "'IIi! IHIIVt'1\\ r.ntl rQl'!t8 lLI'nu~~\ tlwr",(jll, lIhadl,,' M'<ur.:..j toy tll i!l 1!1!l f t~ l4!1' ' 1:'1. l'l'"n Ih" f~jlJt4t of the Mor~"-+:f'" lit" ~tott~~\r shAll ,'\(o(ul,' AW\ cldln'f Ilo eljpp\"lI\t'nl~1 1I0t(', or nol,", fur tnt' I!ll!li or ~lllll..'" ....:llOl<J"lce<,l by thi3 \{Ofl~~~ for Ih" atlN"llOIl. modr-rnitatlOn, IInpf>IHHlI"nt, rmun. t..nfUl~(', or r.'pair oi .&id prNli~. (lIT lax,... or M6l~m('ntll &.gt.!IUlllhe 8!!.U\r, 6,n.l (or any olhH puq....>1l<' 1\lIth'-,r- ;~i'",1 hrr('\lrF!f'(, Said !lol.' or not......lIhall t)(l ~\J():d hi.'fl,hy on '" pll.ri\y with &-fld M-fuiiy U If thr, &.\',lO'-:(- uitl.'nr..d th~n,h)' wrr... indudNl in lu(< &\vU\ fin~ Il.)lj(-l'ihfo,d ..hoot R"id 1IIlpplr'H\fl1lll.lnot(\ or nol(':t\ IIhaJI hur .. ~ I , -