Loading...
HomeMy WebLinkAbout1942 under it,) of pat"d$T'uph :'. prt'~E~iing shall ttvt t>e sufitcient to pay gr<;(~lili rrlits, taxE~ and F~~sentt`1ttA ~ ix;'t)me tlile and {ird}'F111}t•, Iher, tliE, •°~tid 1ttAUraiice lsrE'mlutns, as tht' (`aze tits,}' i*e, ~t~ he'n ,lie afltne at.r,lk ItIUrIK/iKt)I' d}1R11 pa}• tl) t}te ttlOrtjj@gE^e arty arnvunt nE~ceaar+r}- to ttiake up fhc' (kef,ClNi1C1', ctJl itr t.:'fort thr ;iatt' µ'kiE'!I t'tt}'niellt Uf iiU!'}t g-COUti(i rents, t,iXfR, aISAfS?SIri£`I1t8, OI- 1tiAlirRn('>' prf-rT1JUn)8 Hkla}i k>t' titJt~. tt at Rny tinle the itlvr`tgagur s}talk tettdel• tc+ the rilortgagt*e in ti-rcatds-ttre ~'ittl the k)ro~•isJVrJS t)f the note at4:ut-E'ct hereby, full pa}'nu•nt of tai( @ntire indebtedness repreRentk-it thereby, the n?ortgag~'~' s}bill, Irl i'um.. poring the atittxl!li i;f such lndebtE'~.ineaa, crt~:kit to th+ arcuunt ;)f the rnvrtgxgvr Rki pa~`irle'lIR ntxllt• under the pto~•isions of {a) of pr+ragraph 2 hereof whtch °.tle Iilort.gaz4;E'e h~ nvt tx~onle obkigatt•d to tt>,~vISluns ?"'t~tieral liou;sittg C~~tllmiaRioner and a.I?}' balance rc:matnin(~ in the fun(i;s accutnukated antler the ; : of {{~) of said tlRragrapil 2. -If thEre shill tx x default utl,ltr art}• of ttu' ttro~•lsivns of this nlt,rt~;:+kt•, r ,.suiting in a puLkic sal- of the pren?inr~ co~•ercd tlereb}•, ur if the rnortgaget' la°ilulres the prt,,t:•rt~ cttht'r- K•ise lifter default, the mttrtgRKt~ ahnll e(i,pky~, at the time of the cvnlmencemt'nl of such prcit•('.ilnKre t,r at the ttrr;r the Arts}x'rty 1$ t)th+•n+•ISC AiQu1I't`d, the t;alallce thetl rernainitltt in the funds accunlu}atcil uniit'r ?, ti) (tf Sy;lrllG:rA~`ttt •~ prt't'tti~ln~ fl-S A (:r('dit R~atilRi t}it' £ifllllilllt Elf 41t1111'll)RI t}IE'n rt'111A111:1:~~ llr'itt}liti l'.S:ti+'1 92?Il'1 Iliit(` alyd shall prc)t?k'rl\' adjust any payl?;enta ~t?ich shall tla~'e [}eetl made 1111cier (tl} Uf 81tltl I~AC<iKt'iiii}1. .;. "That tie ~ iii pl=y- all ixxt•s, a.~eaxrlt'rlt8, :~•ater rJltes, Rnti other' g.)~•errtntE'tital ;,r Jnu;itcJttFtl (hFir~:t s• fines, t)r imSx)sitiotls, for ti+'hic}I })r(tvision klaa ncrt t~'t'n r,latii' hc•rcintnforc', aI:(1 I.I (it•fault t'tu'r, ~-~f tttt' nl,~rt- gAget' nla}' pay the $b311:• ; Rn(1 Ihtlt rte !5'i!} protnt)tiy deii~•cr the vflit iak rt'ceipts therefor ti, t}tt n:.,rthltKt t'. 5. `That he \;-iii 1>trJr,it, commit, or $uft'er no wit_yte, imp:tirtn~ni, or dc'tt'r-iltrFttiot, of $atd ltrc,{tern- or any ;)net thereof ;and it; tht~ I'~•ent of the failurt~ of th:' nlt)rtKaKt)r t„ };.,<,! tht~ ttl!ikti:n~*?s utl s:lttl Ste+'Ir.::,t°s d t}1("~:>£ tt) be t`1't'Cted Otl $al(1 prE'itil9es, Or !tl?})rO~~erllentE tht'rt'Utl, ;n ~'lv(`d R'i~•alr. tkiE• slurt}~Rk''t' ;flay Ari tiltik•.r $:?Ch repairs an in it4 (IiSCretlEtTl 1t nlay' dei'tll IlE't:£llBRry for thE° hrc)l~~t'r pt',`seC\'iitlVil t-lrrt•ul, i:nti t}It fukl Alti It ll tit t}f f'RCtI atld e\'er}' BtICh .~}'(rll'Ili 8tla}} tx: 1, inlE~tliate l) due rind ttl;~ nt;;:•, 1<ild P}iFiii ~~~' :it •.'li re`~i h}• the liE'n rf this r?li)rt~xge. • r_i. I~hat tit \~ iii pas' all rlll:l filn}Ti.IIAt' the c•Ot9t~, Charges, Arid i_•?:lr;riHt:*i, il;Citld!ti~ rt'asufiil!t!t' iii\\'~'"1- ~ f e.ii; Attd Ct)~i° t)f Rt)`St Ckli tB of title, ittt.urrt_~c3 OY t)ittd at Rlly tltl?e bl' tki=' IrlitrtSlakt't` I)t'iFal'?t' tt: it:~~ ilttitt P'' Ea'. '.liE t)<irt Df t[it rtlOrt~aTLut• prE)r?iptky ai?d fukk}' tEt pt'.YfCtritl t}ie 8~teertlE'ntR .iltd t'(?V~t'=1a!it+ of 9ilitr j•r"+"'i- 1:i.4'.trl' rl(.ttf' atld t}lid nll)rtS;ajZE', Rnd $ald C08tR, Ctlltrdi~i, A1id exp+_'llat'8 $kiali t>E lrllntt'tlilltE'i\' (lilt' i1111i ail\"- ahie a?tck tttlall i~~ $ecurE~(k L,; thE• lien of this mvrtgabe. t' µ'1k1 I:E'e t}l. 1[.1t;t'. ~•eRletlt2i lli?K' E"il£1<ing Or }1eI'l'$fter E'rec'It'ti ^t', thi irlOrtS{.=}{l'tk ,tr~tpt•?-t~, `j, ThHt hf p ~ ~ ~ '.Ii$Ured AB l;lf?y t)f rEkliJlrtij fT(1i11 Ilnle tt) time t; }' thE' Tllortt;lly;E'ti' S~,HIrl$t kl):(3 k)\' nee And t,tl;f'r k':.JZaY( 5, Ca3Uaittt':+, atld l'l)Iltln~ellClt'a lie 8l!Ch Flilll\ilRtR slid ivr gllCii iierl>><ky 1?S r!lil~' t:e retili;r-t'd i?\ 'lictrt~;aget'. And !t'ili 1)A;: 1)rt?n?ptky, \\"[Ien duE•, Ally' 1)rerit;ui?iRtOI; Sl1Ck? 1113tIrAnCt il)r pa3~'i?lf'rli ,;f \\"kI1C}. pr+?\ iSiut! }tiib nUt t)t=eti rlarie herelil))efi)Ye. :iii lnfillrant't~ St,:tti be CarriP(l,tarlttflhRt't` ilttFt~1};t'(i• titttretctttl('},{~'jtl,•\Ht(ti(f- the lx,lit i=•~ and relle\\ al$ Iherevf aha}i rte heal t,y~ mort~ak I„ > , i:F?'•-19E'fi !ri fa~'or Of ari(i In iGI'It; acl'l'titAttlt' t!t t}ie mortgR~t`i', t Cent (lf luSw he \\ Ili t'il't ,II~LIt'ii:n.E' s r k k, nvtice ~;y~ r;:ail to rnOrtgr?gcti•, and nlortgagte mti} make proof t)f ivr+s if nr.t rnacit' ;:rc~rr,,T;(~• k;~• n)t~.tt"•r stlt~l: and f•kii t; inFUrancc• Cvnll;ali~• cv7lct: rnetl 18 hPreu}' atlihori"Lt'cl iiirEl directd t+! tttR};r ,)al'; I?1('tlt lc~sn dlrt~F'tl}• tU nivrtgi:}{ce instead of to n?ori;{A~;ar and n?ortti:i-gee jt)tntis, anti the Irsuran^e pri><•eeds, ltr rtrl}• part t}lert'ctf, 1?iA}' ~° rlppilt'ik t)y n?Jrtj~a;Tt`F at IIS Optlltn eliher t(t t{te lntt~t~E~tttlrltf) furt~t•luslltr-~~~(tl1~t!"(~ heI-ch~; st'curt>t-i or tct thc~ rest<tratiorl or ri•)tRir of the pro,urt}• (iF.:,lsgt>t rr.ortgage or other transfer of tint' to the niorttiagr~ci }~ntSxrty in exitny,trlehn?:'lit o; the tniit'ttt,•lir.t~~ sEYurt~tl herek)\', ski right, IltlE', anti iIItC'r~st Of ttie I?iOrt$Rf(Ur 1I1 ai!(1 it) Y. I1 `j 1llRtlril!il't 1)ttilC;eB Il!t I1 1r] i~trCc sttaik p=iss to the 1)arctiaser or granteL. K. 'T'ilRt the mortgagee nla}', at an}- Cu?te pending a suit uS~n this mort~aS;e, ~tpt)l:• to tale ciwrt hav~- ~ I t r tf for the gplwitltlilent o: t rECi'i er, and :~uc}: court ahfill torth~•Ittl aptx,rni a t ~. !11~ iltI'18d.CtU1t- tle.c'-( reCt'1\"er Uf i}:e }~trenlist_•8 C!t\'et-ed riert=b}' R11 acid 8'r1S;illaI', 111CitJtitit~ aii atld 51r:~'tli3t tint' ineitnii•, lir[tiltti. llibilei3, aTld re~'enu~a fi'On] \t~hate\'er SOtirCe derl~'Yil, E'SiCt? arltl e~'ef}' Uf v.'hlc}i, it iit•:r;}~ t'Ypr?'g$i\' llrldet- gta;d, is heel-t>}' rnortt~i;gt3c? a_~ if sE:~ifkca}k}• $et fora; Und descrii~z'd in th« Qrant ink i;;tti hat>t~n(it:m clau~('s klereof, and $uch rE'te;~er ahakl hs~•e aii the bred and eftE'cti~`r f!tnctit'n~ ar.d txt\ter8 in ar!s'\t"t:, E'1?trilAt.e(k by a C(tilrt t{) y rf'Cf`IVCt-, acid AUCh &J)pz)tnttl?ent Rtlall t>t' madE= k,y' sllckl l'i,tlt't a„i tr: :ltlinrtti•il r f the Ad,q E~fuity r+r::i a matter rtf ak;sctiut~- right to slid mt)r.gaSZrt•, and without r~ ert•li~t' t(~ t uacy (~r Jr:tt•i- t~uac}' of the ~aiuE° of the prc)l;ert}' mvrtuag+~d rte to ttie sol\•enc}• yr insoit'ency of sa=d m(trtt;<tKor t,r rile k;e ilpl;ltt'd b}' }•: t~e: t~t er st:`- ts, prolitn; Jticun!E:, iasue8, and r_':enues gt?Fill (iefendar(ta, anti ttta: Iauch rnn accordin~ to the kien of this t?lvrtgagt~ and the prH=•tice of $uch court. to the t'~ent~ of ar:y~~(i:°fsluitr,'asurt~ part of # lE• mortgagor hereunder, the rnort~xgt,r agrt~,q t(~ pay to the nlortgaKee t (iemafltha~l?~ rt at(' shit' n-tvrlthl',• rental fee the ;~rl'n?isea An Anli)Ilrit at iE'~t e~~ui\•stlent to vne-tu e,ith (t t.? i~K ' '~' ('if the t44'Cil',~ rtihrltkll}' )n9t-?111nr1'tltE j?3}"AbkC' tit the tttt'Il CUi'Ce[rt }TAI' ttlu8 ttl(' aCtllltl hiliitEiitt C`f t'I(' F;r1llllaf t-2:Y.E'S, t~zsE•RRnIE'nt8, u'iit('r raLE'8, 13nd :nFllral?CP preI?lii!rll$ for $l1Ctt 4'!•ar !i()t ('=t\i'r.•ti lt'; t}t(' afJ!'t•.°,frill rn~- niklly payt?tens. 1f. TEiEn7Urtgk~Or flJr'ttler COVenant8 that shc,ukd th;s mOrtgas~E` fittik ttt,' n<ttt lr,)fi~ l}Ir• (1.rt,: kterevf eiiyitsle for insurance under the tintionai ifotla;ng Act F: ithin 3U Gt+. ~ 5 (K'r1EtF'I? $tftt~t:I2?i'ilt Of ail\' Of~1L't'I' Of t}1F I-edt?r$1 ]$Otat!ln~ .~tdrlltiirl5tr:lti0rl ()r" 1?t;t}ittrlZeii F:Kt'ilt of the ~~`` t1 t1r11P fri)nl tht• t11t1~' Of Ihts k~t'ili'rat ~,CtLrBlf?~ C;On?I??IliHi(;lier d&t=•Ci bl?b3t~' Uei?t tCl Itle vV GA' ~~ mortgage, dt~lining Ic) insure said note and thi€ mortgage, Ix.ing ll;•emeti c,,riciusn e i;r~Vtf of ~ueil tr- eii,gibitity}, the rrtortgagee or the holder csf t}?e notes ma}', At itx olttic)t?. (ieclart• Fsli xur,la a:'cured t;erektJ irl.m€+c3iatel}• due and tayable. 10. ~ tlat (a) in till? et'er?t Of any breac}; pf this rnot~gage or di'fault or; t}:i~ p= rt of the r?ivrtga~;rr, yr (h j in tt?~ event t}lat any of said su;lla of IllonEy herein referrE°d to l;c' not pronlp±l,' and ftrii~~ paid v.•1tl-t- out der.land car notice, or {cj iIl tine event that garb Fnd ever}• the l~tl;ulations, FtKrE~ernenis, cculditiors, end covenanr~ of said note and t:ni@ martt;age, are not Bits}y, 1)rorl?pt}}•, and fuiil' pirfUri?ir!i ; t}ietl itc either or any sor=b tTt°2n:, the said a~tgregate sum rn~nt:one-ri in sr3id t?vte t'tlen remaining uI?t;Aid, µ•itk: inte,~at »ecrue~l to that time, and all moneys $c=cu`ect ht'mb}•, 13tl.ti tnC01?t~ (liui`,ahe raid ~tttJnls~f nictr~ty (,r',tlereafter, at the apiien cf sal{ mvrtgagee, a$ tali}• iind ,on?plete}}' its I. a. mere originally $tiptilG'tT=Ct to t><~ paid On 8uctl dr,, Srlythirig lTl eatd nOtE' or In tklis morttragc to ttlE: ci)tltrRr --notwithstanding; and thel-eup~tn or thereafter, as_ t!°,e ol)tlOn Of AAtd rrlOrt~AgE4'. 1\'ittiGUt 7i0tICe 7r den?artd. suit at law or in c~luity, nt;;y t~ pr-t~ccut~;d as if ail n~ancye r~curi>d hereby tlrsd matured 1)r:~,r trt itr inati- tuti()n. ifie Irortgag~ trta}° for~in~.>e this ;nortgag~, 8Ta to the arlivunt so c;et`lAred due ar:~; it$~•at_,lE_•, at?d tht7 ~xia pr~rrlia~s ahzall rte sold to r-~tisfy and pay` the aaine tc~ettler with caatts, exr,enses, and allou•arlcea. In case cf pardial fot~lo>3irre o; tl?ig mcji-Igage, tli!t n:r;rlgaged pre=niaQS stiali t~ejsrs)dt 8i;c~} cRSP tl e pr(~- tinuing lit?n of thin rltcrL~s~a for ttie ttrmount of th{' ~ci~it nest then due r:nd unpai( vi.siorts of this p~lrasgraph inlay gain L~ ;availed Elf ther~afte. fea=r, tilde to tide b}• tht= nlc,rtgageP. r 1. T}tat the mElrtgl~gor witi ve in?sne{iiate notice by t~?aii tLt the lJnrtgl?;gr^E= Of arty cot!ve ar:ce, .ratlsier, or ~.ha:=ge of ownership of the prtr!Iia€~. 1?.. `I'?tat nc, waiver of any ~uvena-tit i:sr~5n or of tl?~ uk:llit;ativn aecttrc-i3 helek)y attli at any tirrlc ther~aft~r t~s hid to he a ;;•aiti~er of tht i~rtna tt=;rt:-(~f or r'f tiro note I~~.ur~-d hcrek;,;.