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ST, i 111 iF ('; I'h`i!`, rl ~.
at sll [itn,ws ~~ptE>~l71~' rest! yt-it~ly to tvat$i tslx~i. ls~~l, ckctru'j+ stn:l wr}vy s~tal land; El;at talc! l.tttr3 u fry ftorrs a!1 (wi-un;Gruncra,
that they wt!! rasrlr.~ €~h f~:stl~~ A~urar~ ~ pt-rf~-i tea ?tom afru~,e t3tbr, !u waki !:-u:i !rT the ,~rwaw~c'!r_t4+_~rr as r:ra~ rea~urtr;h3y !x•
rr<3uirn(i; prxt t}tat they cl~~ berttby fLl}y v.*•tt-ranl the tii4~ t(T snki Inrri arx~ will (3nfcand the ssrne agai,tst t}rr ;at; tul c}atnrs (~f
a!1 lx•nau ralttitRtst~evcr.
Ylil)e'!I]F.!' Ai: ~~'AYS that it t}tr htatlg agcn s3t.l} sYe[I at.<! tru}q fuy t=atto the Assrxsat:ttirt, t}tc rode}>trcltu-ss r,"it}(vxt<3
h` t}tat certain luwnitts.?sy r:4tr, ttf even dsttr F.sx~c•t+it3t, ectude by the Mustgak'tm Knd psavai,Ic to t};r Assoc;a,ticxt. in the i~rure•il,.rl
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€.L~VCt~ vNQtJ~~1PiD kid? _ ~#~~~U~--~.~_. .- ':
cum of - - •
which mote, t(Tget}-,er t+ith Ltts~,°c`st thereon as t}tPxLfrr s}x-(:ific~ad, f5 Itsrvab}c- in m:ntt3tly faTStsiln>rnts of
i~~T ~' --~ r ~-~ A~~ hl~l'1G~!-~ -_ ~ v --- -__-_-- __r..._ l:uli;rra i 5 9~ . iX?
N. ~.__ -~_ _-- -- _.~
- c,~kt~t~ _~6.t ~~~6~ _ µhich lt~avmenic
cnr t},c •!~ dtty of eat'}! rnru!t}; crnnmencing t,;th
.,rP to t,e Irpplird, first to ltittrc~dt, and the }x~lancr to t-ninty}tai, until sttiti indel,teclTtccs Ls ~rt1 try full, and shall pcsfrrnn, ccxn(r}v
•.s:th snd abicir tn• eQCh and Fvcry the stipuit[irxu, agrrrmestts, rortdit~cttts and (tlYrrlArrcl of said }rromf-s.~m• ni,te :tnd t}tia
nu~rtgasie, And, irn:lu.}i:Tg any advant+ts tnridc hs• the Association ±n the '>it?rtgagon, cfz their sucYV~x>r± in title, fr>r anv ptrrlTOS~",
..t am tirrx* l~rfarr the releaE4` ttr:d cantellatitx; nE thie rltlrt~,aKe, }net st ru_; time t:ha}I this mortgage sFture a(lvances ost acYVTUnt
' ~~t~.r, T~~~~s~~~ _A~i41 ~i?I~oo
rTf s.rid original tx~?e tc>Ket}tcr wit}~ su.h aciditumal adva;tces in s sent in etct•ss of ~--- ><
___ __ __ .s -_ m .~ _-°Ikll}.t:s (~ "~~ *(~ eC~ 1, lTlus anv a(lvanc..; ,:c, rsyt:~
t~: im tact the sc~urity snd cY>3t3, ihctt this dcr~l arld t}u e-stfltc herfhy created s}rall crs,sc and }re,null a!;d void.
A'~1~ d'fiF ~iOR7~;AG0}tS 3X) }terehy ccn•cs:artt arx} agree:
,. 'I t: la's all unr} singular the painci ta} at:(l }ntecest Anal nthcs sums of r^.r;rt~y revable• l;v vlrtuc ctf s:c„i 1'~r.,rrtl~a:~:~ :, .`,,
FF rlt+;ttYe}~ Ls*8 SAn;e ce~'rritll;' (`:J!YTe titre.
.,I:;i t}:!; rnortKsge, or either, ~ roml:tly on fire da;s res: ,
'jn l•av ,rli and sirg(!lar the tl;tc~, ass~°ssnt~ntt, levitts, tirhiiitirs, uv}iy;auons and n.cumhrattcrs of even nature I,nci k;n,}
;:.rc un saki d~,erilTeei prtrl~sty, or that herrsfttr rr>~v }Ti' im~x>secl, sufferer}, }>}aced, levied, or a-esP.seti thcrecn:, ur ih: t hr•rt aft: r
rn3s !+e }e."oczi ur asses_•ed ulx,u this 1:,xtgage, or it,e+ inr?r tedne.€ scats:cY3 h'-'re},•;, rich an(1 ever:, :+hers dnt• ant'. }~.tv•r},i+
Ir~ordi_tg to la~•c, }x•torr ilTey bec~cttne de}in,luent, and },More am• irtr-rest attaches ur an` tt-~na}ty is tn(+irrrd, anti itu(~f.tr ,,,
,.r.. iherrt~f is of rc~clTni the iarrte sh;?} ttr ftcvrnfx}v z.=.tisficd and drs.IarRett of rerard anu t1;e origir:al official cicxuntr~nt i a:tt },
is, for irutalu~e, the tax receipt or the s3*.isfacticTn Ira per cfitc•iatly endorse=l ::.r cr.tifi..}; s•::.}1 he• l~lacr~l it the }z t;ris u{ sarc}
.~(cs{+ciatirx! .rs ~turtj;:at;c~ t<.'ithin t(-rt da js r:ert after }>:rvntestt; and in t}TC t-s'c•nt that anv there ;t is :;ui laic}, a.tti_ifi(°c} at,~? :Ira } .rr~r,;.
r at r(nv tune }ray t}!. same or ar:v part thP;rof c.t}rrnrt uai•-ing cr sfftrtin}; anv o}K:an, }icri. c-r}it!t~. ur r:t~ht
aa!(. :~fsCK 1It.1<;n illd ~ -
;tndn ~ },v virtue of this \lcrtgaKr, Intl the ful! amount of each and r=vesv <;rrh lrsv:tTen+, siTa11. }x trnmerliatcl•. ~}:tF and ktv:,'~}~•
1 paid at the rate' statt~('t in the ucrtc sc~(t:r•(i herrl,v :u:ti tn,,et}u•r ~iit't: ;tic!, nt. r
ane3 s}tail }x•ar uTtrrest fn:m the date thrrtrtf unii_ .
r•at s},all },e ux•urec} by ti-.c lien of this ~turt};age.
3. •fu k~}, the };ui3dhtps and r,ll e*Iuipmc~Tt as,d }>erx;nt.l f:rul>erty n+;~(~ or hczc~_ft~=r un}said prt~nic.,s c~uve•rt";i 1,~ th~~
nu,rt~a~e, inaured in & rsm dual to at lt-ast t}?r arnuunt of t};e nxTrtg alit, :>; an an!owr, If,s.:ic-n. fu t(r:!:};:•: ~ •tt:: :;rat ;„ ::ttst:
tr'nt c<,verin€ t}:c ~rme under thts Grt;-s cf irT^ 5ta-(t=, of p(`-tric3a, t•uverin~ lass from E><>th f,rr arr(l stu:rc,, n,a:,;nt; ,},r.
t sic etc UICP"iT ~ t
s: t,n~ter sai(1 ix,licies, cat}! and rvrr~•, lTavable to the ,tttsat`1.'!ric»t, a_a rzx>rt~ager., ,s rLs ,nrrr,st n-as a~iy.rr, ar t:' I,a r;
},rli },.• trI .. 2,xxf and r~x~ttsible uuuraJtc~r conlt?anv y;Tti<cfactar~ t.T said ;;ssrx•iatron_ anri ~ r!ttc~r, },s a resfx,rta l,te lax r t,~ s .
s._ti_afactxv to sricl risxTt7atrc*tt, and the tx~li(-s or pnhetcs sh_I;l bear a sti~~-tdar<l nvrigagr c is ut }.out co ,~n ;u±t , t,d , ',
!..•}d ht t}tr: ."lzscx!att_rn, arid, uc tltc ctPUt anv sum u( n:unev }xromr }>ay<rblc under such i><T!icv or l,oh; cs r:e ~«ru-'i.,t ~I .}:.+~:
} .rte tF,P a is ,r~ tc~ rtY~ervP curd apply" thR sarrx un accauni (:f the indebitrlncs ,tern},}~ seiur~}, or ±:; 1Te-rn.t ih nt :r: t a .
:rte-ritic a::c' tLU• it, ur .rn•; }-?rt thrrt•~,f, for c,i}:rr purlw_~ses. •.tiiihotrt t}:e:el;~: tivai•.zitg u+ tni'F,ai u ~ Itn} ettuttti lses nr rite ,~r.;i.•:
,~,.} h; t-irttt:• .,f this rnc;rigagc•, and ata~• pL~TC•c+ and l;at• f"r sue}; uuurance, nr sr s }Tart rrrN is }nut c ,i~tr,~ ur :;Eli t:; ,~•
Irt>ti,;n i„ f•;rr"c~}etse or anv right h~:t:under, and tix' full c:nc~unt ~•f r-ach and every such }~, rtc•r,: shall }><• !n;rnr,ItIte~}~ ,.~t - :,r.•:
tti
pwal;lr and ..hall i.~ear interest frr}m the date ti:Pr:Yrf until }knd at tt,e rata statru u; the „nte ~ .cared h~rthc nr d tr,-,~: cr a}.
~,~,_ }I i!,tert-s; shall tie srt-trrc-<i by t}:~ }:t•:I ctf thi? ~tutt;,~agc.
-~, ~~(: ly-rnltt, ntmrnit, ar s(!ffi-r nc, v:aste, imlxunncrtt nr df".rrioratit~n cf said pn , r•rtt, ur anv pa:t t} ( `... , •.
ti~F flitun+ of the m:;rt~;agurs to kPC}: t}re buildinf;s (m sal(} pr.?IT~-rty' in quota (vnditint: of refTair, ihr• Asi:x totl~,rl n.at ~-<, •~;~'
rrnrnrYii:~tt re}><rir of said 1`nrilrl;ngs w the immtX}i:tte rr•pti~:n:eTtt of t}te ci^_ht };rrt°hv sct(ucci, anet t}u~ f:ri}utc- c,f ..~,• rt' ;r'~:,t: ,r;
t:• ctr;r,n}. ••vi±h slit} derr:aru1 of th-~ Asscx iatxarr far a ftc-ricui of Thirty !3t? ; cl,Iys, s}(atl const:it.tt~ a };r<• tel. c ~}tip r+sar;••.
.In(}, et• t};r nptinrt of the Asscx~iahon, irnnTedintch• n~,ature the entire amot:nt rf nrin_ipul and lntcr.~st }rPre}, :• s<. urr~ci, :.,ut u.,,.
lsscp"~,tiu+.,, i;nn,rrii.3iP}}" Qnd sritl-u-nr', eotitr, rnav iustihrtc pmcecclings to f~;m.!(aY this ntua~~al'r and app.}, t~,r th. .II>i•~ua;r:c:;t
a fiPCeivt=r, as herein-3f ter ~'r,vielcr}.
i. Thia to;?:?Qay,F c~orTtr.;ct provides fur ac}ditiurt:r) a(lvan:~s ~,.};ic}: Wray :~• t1:adP at t}x• option uE ;hc ...s!x'Litit,n +;:.'.
• tie! amount r,Ta j' }x add.~i tt, the -t;~,rtz ri;r c:e•i,!
,. ~-c!rtcl }:~: this murtgaKe, and it La enretxi th:.t ;s: tht~ event of stsc3! advances ,
,reel sl;afl irrrease th.-+ unps}d }~Ltncr of the rote hen-}ry srrTr,°ed by thf anx,u!;t of su~:t, advance and shall l,. a parr c?, sa!r'.
,c,rr utdcl,tednete under r:ll t}:•c t~rrns of said rx>'te and this c,rlrttrzct as ftlllti• ss sf a r~t~.a" sue}, net[' and ct~ntratt ~:~:t• etcY+,t,.:
,:•d delivered. Are arlclitixsal u(}va:x'r aErzem:-rtt ma•: ix ~ivfn and sccfntec} for s~,;.h a~}var,r.• ar,d iT T ~is!~ tc \
t .;., , r,.;.
i ffcrer t nu:nt}t)t lavmertts : nd a different interest rate and t,thP; e~I}}xzxs ntc>i}i%i;at,r:s of the c+;:;trset, hu tr: ! } ,
,., c= ntr~('t sh;dl rrntairt in ftt11 f„rr.~ ar.d rifP•~t as to sail irricbtedrtcss- mclud;n^^, a}} advattccs.
` b. !f an•. of t};e _rrnrs of rnrm~' here,;, rr~c,~,~ci to }:~• r:t?t ttrxn}Tilt anr', fully ra!c! t~'itt,in ihir+..: t'~I is=.',• ~ tf.
,t,r ssrnr SC':f^:II}14' (-r,nre due and i~yal:le; ut tf e7tctt and evert tha st:~u}-tti':rls, agrc~rn:cnt.• cur dtttuns, anri c-~,v~t.:+ ,is c,f
t~r,,nu.~.;rti• ru to ant} thi, dFe,r3, ur rsreher, zm nc,t duly lxrfrjrmctl, cr~mp.tr d ti"it}: anti ablclcci hv, the a~~c~atP sure: n!~r t! t::, •:
,n sastl ire;nt.i<.rr; r;.,te anrr anv other amvtsnt .^, amounts added to rite envrigagc irxl:~ht.dness under 4}re Yc~sn,s of t},, rn r ,`ct,,.
s}Ia>l txx._n~tc ti,.le and rtiavahie (:xtl;cvith rt; iheretftc, at the opt:cttT of ihr As~~ciatsert, as fully ?:Id r.jmtTl?tr :~ as rt y;ic1 al•,:•r• , :+ir
sun: of nx:ncv teas urr;in;tlly stri,u':atrel t(t t>< lwttd .;r, nr*_.}, day, anvt}rir.g !n sstid pre•rnissr;rv nr:tc ar }t<.c,r, tc :t,- ccr',tr,,r•, r.: ,+
'iu crli'.er tc, the= As~.,r_isiH,r,, ern nr }x-f,ae ar;rcl, 1F;t}!, of t-a } r.;t, taz rc~+'if,ts +'si,}erx_in~; ti:e la r, :„ .,f .+;~ .:~
ft:ily rmlx:;c.l raze.-s for !hr pre«(iiny. ctrl=.-nd:rr s qtr, tc. ric}ive-r to tl!e .4ss~,•di~ivrt recriirts tvidettcing the l,a the ,. (.f .+1} } r
as ttfirr t}~: sa.ite slra}l Exrome d+~ snd ,aval,lr, utc3 t - ;,at a rt << }, rl, • tia,'r r
f~>r •,n!blu imf:rrn•e~.tet3Yi-u::l,~in ninety ~ t~l}I ~ l
..,arty t1rYy`. ~tavr afte- cr.~~ cLytr anv a:.a :~l} fyovrrrur:ctttal }r~:i*-s t}t-_t rrav l,r made c.n the rrto:tZKcx1 i,r,l>r_rt4 '}:i ~r't. ,
r n•:rr r,r ;r: anT• ',t}err tvav rr3tr}tin;? front tltc mrntvage fncle}ZIPC}nc-ss :r-cure:} }:v tf;i9 ns<ntga~c