Loading...
HomeMy WebLinkAbout0244 o o.a, 80~l 37 fME243 .) Al:ld iAJurt..O;C'e Vl'tt!niulIlit, as the c~ mil.) fJl6. &ueh ....~Ctel e.h...Ul:Jq; at'(H~i by tht' JllOr1-l{&at~ Pit ~l.It~~l(~ueut pe."vme.QtA to be ma.dt\ by thf! n&O~f" H. hOWti'\'tlf, tiw awut.hly p*}'m~nt41 m~i~ by the ffi(,rl<<a.gor utlder (b) of ~ 2 pNK*iini' .tWJ not be ~*t to ~ JTOOod rent&. we-. alld ~entA and i06UI'~ fr<<ni~ .. the cue m&)' be. .h~ t.he Mmi! 1ha1l ~ d~ anti l...yabt~. then ihe mortgaa'Ot' all&! p..y to ~ Ino,'ln....,. any lImO'Uot ti~ tl) maaf: up t.tu! ddki~)', un Of befor~ thf date wh_ payment of euch rroo.nd ratt. U1eil, aaeum(!'-l1ta. Qr iMUrM<"e lJr~iuma thall t~ oc.... If at &oy time the tDQ~r ahall ~ to the n~)~ in ~O~ with lh,e pto\'tJlona of th~ ilol~ M'Cuntd hereby. full ~t of t..he entire ~nf'-.e ",Pl"elMtlt.ed th.~y. the fno)rtI'&,\le a.h.1i, ltl com. pulit\l th~ afflQ6.&nt of ~ Indt'b~n.... credit to the li':("Qunt of the mort.-..r;or &II PAymE'nu.. mllJc u\;{kr UHI provi4tWna of (a) ut pillNICT'apb 2 Mhot whkh the rn-.."lrtc'a<<.-e h.u not i."I'!('(lfl\~ obli,atetl to pay to th~ F~..ra.1 Ho.u.&In.r ('onuniMioMc &.'ld lU1y baUu\c~ reruAininf in the tundJs &J.:cumula-tod unrt-:-r thl) PIU\ll\lOnl of (b) of aaid par...-raph 2. If the~ ahall ~ lIO default undt<r any ~f the provi.iona of U\ili mortj{/!.ir<-', n~. 8U~lina in a poblk tAle of th~ pTtC1iM11 ro~red ht!reby, or it tht' mort<<alCl"e &equirf'O the pn:'pert). other. wise. &ft..r dJ&utt., the ~ Ahall APP!y, at tht> timtt of the oommen<:"'fTH:'ot of .u('h pr'OCt'<.'<! Illtiflt or >>.t the time the pro~rty i.a ~~ acqul~. ~e baiance th~ rern&i~in, in lh{' fund. ~cUOi\lI"t('d und~'r (b) ot pa.r..rapb 2 pa'(.(*hn, .. .. crf!o(i!t ..-aJnat t~ &.mount of prmc1t>allhto tt'mallllng lInt}Ald undl.r Mid oot.e and a.hsJI properl)' ovljuat .ny PA}mentA which thaU haw ~n rn~ under (a) of said paragraph - . t. That he will pay All t.&X8, ~nt.a, ....u.r rat.e., and otht'f j'1\.'ernment31 or n\unicip.l char~~~, ftn~. or impo.aitiota. for whicll pn:w1.aion hu not bt."t'l\ made ht'reinl\('(ore, And III d",tault thert,..,lf th(' mort, i~ may ~r the u.r~; and that he will promptly deliver the oftkial n>v:eipt.s lherdor to the n:i.Htgllg(~, f>. That he willl~nnit. oocnmit. or sulfer no wut('. Impairnwnt, or deterioration of aaill propt>tty or lL.ny part the~f; and in the I:\'l'nt of, the fal~\Jttl or the nlOr4Caaur to. keep the bUlldw1l8 on M!(j prf"rnl!\~ And tll08~ W ~ Pff'"=t~\ on ..-id pnmH&e8. or Improvt'n1tntJ\ thf'l'f:'On, in gos.>d rt'palr. the rnortiC3K''<: nHiY make l\u('h f't'~lrll u in it.s dilcrt"tiiln it may deem ne,l'M-Ar)' f(lr thl' prulx'r pretler'\'l\twn then.'of. and the fuill'.l11ount of eAch and ~\'ery fluch pAymtnt &hall bt' imnH.'that('l)' dut> and p"yable. and lIhall be 1I("Cun>d by the lien of thil mort&'&~. 6 That he will pay all And singulAr the (,'l\!IU, chlHit'$. and l'lqwmSetl, inciudlnjJ reMollsble lawYI'r'lI tea. a.nd ~tg ot lLlli\tracta of titlt'. InCUH(-<! or r.aid at any tinw by the mortaagl'i! 1~'>(-a\lM' of tlw !ltllun' on the pArt of th(! morti'&i:of promptly And (ully to p,er(otm tht' 8Rre1,:H1entA and con>nantil of I!lwl prom- l.M-<'ry note sod thi!i mort&agt>. and &Illd COi!U, C'harvM, and t'!Xpt'llJj~'~ ehAl1 \)(' IrnnH.dll\t('ly dut' illtl pay" Ililt! a..'ld sh.a.1I be &eoCur~i by the Iit'll of thil'l mortla~, 7, Thllt h(i will ke;:p the il11pro"'I'm{'n~ now ('xiating or hl'n:afler er<<:h,,<i on till' mnrtgaJo{('<(j prorwr1y, inAiiH~ &8 mA)' be requITed from timf' to tln1(, by the mortgilge-t' Agamst In>l.8 by f1r~ and othel hlizlird!l. ('&suallief!, and continiencii"fI ir: lIud] amountA and tor Iwch p't'ri()d~ M ffihY ti-\"' H~j\Jil('d h)o' nJottl{Rj{'-'('. f<lld .....i!! pl\)' promptly. whl!n clue. any pr\'ni;ullla Oll !ludl 1l13\1raOCe (or paymt'l1l of ....llIch. pt,)\'ll'llI!1 h.-." notlx-en rt\.!ldc htrt'lnb;:for-e, All il\lIuranct' ahall l>e carr-iM III companie.5 li\ipro\('d by murtil.i~(<'t.' and tht' polkiea And ft'newAIs tht'tt,'(l( ShAll t)(' ht'ld by m()rt~~('1.' and ha..'(' altadwd thl:'rt'to l03g payable claWle& in (avor of llnd in form acceptable to the rnortgagl't." In I....ent of IUM ht' will il\\' !nlnlHi:.lite r.(}tIC~ b,. mAi I to morliCll~I-..e. and fr1ortl(8lifN' mar nlllKl- proof of 10M if not madl' prom I'dy by mot tjl a){l)r, and eAt'h 1ll1\UranCe C-OHltll\ll)' ((Jllce!'11l'd 18 hur-hy AuthOrlud and diredt.'d to mgk" payment for lIu.:h k~ dlre<tiy to mortKaKC'\' in~tt'lld f)f t(> mortgagor /'tllll mortgaw.... JOIntly, IIIl'1 ttH~ lnlltHallC~' pr()o..-:ds, or lU1Y part lh('r~;t, mAY he appllt,ti by mortgagl.>('al ita option t'lthef to 011' r\."durtlOll of Ow ir.dd}t,'tlrH'M hc!'(b)' M(Ured or to the T"->storalion or repair of tl"w prop<'rty dalHaged, In I'v('nt of (or(.,<k",url' of Hna m(lrtg&~~ or other lrallA{H of title to the ffiortR8.g('(\ property in t'Xlll1gul~hnH'nt or thp 11ldf'bH'-dnl'M ef.'(urf'd hertby. &11 dint. title, and llltCrelt of the mortjJ&gor an ilnd tu any lIl&IHi\lH:~' I'Oiirle~ then !fl for(;~ ahAlI p&.U to the p\ln:huer or grantoo, 8 Th~t the rnortillRet' may, at allY tlme pHllllllg a 8uit upon thli\ murtgag,-" nppl)' to trl<' court hav- ing jurit-diction thereof {fir thl' apfXlllitment of a fl'(t'IH'f. alHi l'iurh court ~hali forth..q!h appOint A r-t..:'ei\'E!t of the premi!e3 covered hH'('b}' &ll and rllllgular, IlIcludllig all Elnd !llliguiar th(' lnromf'", pruIH.~. iMU~, a.nd revenlJl'a from whAtHer &Oun:(' Jeri...t:J. each and ('H'r)" of which, it b-t'lliR 1')(~H.-.gly und{>t. et(Kxl, lA hH~b)' mort~aif>d as if s~)(-("i(k'AlIy Mt forth and ,le-~crihoo in the grantln({ And hat...ndum di\tl!H"~ hefc-of, and 8uch r(~('ivt'r ~hall have ali thp. brvad 8nd dlectl\l' functlOlli< and PO'AI'n\ In anYWI~p entrul\t.....j by A (t.urt ti) a ft,(,l-'i\f'f, and &u,h appointment IIhall I", Tnadf' by !luch court &5 all adrnllh'ii fotlUlty and A mi\ttt:r of ab!)(}lutc ri~ht to Mid ll\ortgag("('. And Without rdl'r01Cl.' t't ti\(' ade'lulit:'}' or mad, f'quaey of Uw v81u~ of the pror~~rty mortRAgl--'d or to the Aoh'.-'ncy or insolHllcy of 5dtd l1iort~a~or or the t!efendt\nu. And that 3uch rent"" proiits, income, iMllt'll, and rl-'VI'nlH'A IIhflll I~ app]lpd by ^llch fI'C.'IVt'r accordIng to Uw lien of thiA mortg&;{f' and the pu.dice of such court. in the ('vent of any default on tht' part of thf; rnoTt~j\gof hf'f':'und('r, the mortgl1gor agre~'l~ to pA)' to the 1Il0rtt(H~I't.' on dt'ffinnd i\!1 i\ tNllwn- Ah!<! monthly fointAl for till' prl'fTlllH:6 &ll amounl At ka~t NIUlV8knt to om..twelftb (~\,) of tlit' ag)(rq{Rtp of the tllielve monthly Jn~tii!lmf'nt3 paYAble in th., th('n c\lrr..nt )'eJlr p!;J8 tht> !lctuill arnoullt of Hii'" annual ta~~l ~tfient". wah~r r"l{'1l, and llUluranc(' pn:1lI1U11\A (or luch Yf'ar not cover.xl by the llforl'l\Aid momnlj' paymi'otA, 9. The mort~aj.(ur furtlll'r CO"-l'n..lltf. that should thi~ rn\lrti{d~" and th(' liOt" ,,''\uil'd Iwrd>y WJt 1)(, ,'Ii.lpbl(. hI' ll}lHHaIlC~ unda thi: 1':1\llonal llollllln~ Act wllhlfl 30 Dr.. 'rS flom Ow dllt., IWI.,..( (wntt'i'il st.,lullpnt uf !In}' "ft\\('r of !.Iii' FI-.:i{'ral HUU~lflg AdmHllstratlnil ur a~JthOl!lNi t1gpnt of Uw hdl'r.:d H'rU!li.llg ('ulllrlliMWIH'r dttt.,;J l\ul~"-ljUt'lll t'.1 tht',O [).'..Y'-''; tl1l1o' from Hi(' dllt.' of Hw. !lif.rtgiiV-t:, di~':llnlnl{ to \lll\\lfl' &illd nnk i\lil\ thIS mOltj,(ag." L..._.fll){ ill '.'nk!! '_eHlrlUIII\'., proof of Rueh In. ,'Itlifli;ilit)'), UI" me)! 19rt~t'(' or th.. holder of Hw noli- ll1ilY. ~t It... optIOn, d.-eL",' nil j;urn;; t>.H:ill.d herd)! Irnrnf.{hi\tdy dill' and pt\Yi\hk II) Thill (11) !l\ th,' '.....nl lit allY hldiCh of thUI f1lOftlfai{I' (,1' c!dauit 011 till' p.art of the' morti{i'1por, or (11) Hi the e\~nt thilt CHij or Mid ~IHnfl tlf m!)n~) tWft'in rd;>r".'-il to ~ not ;,r<;rnptl.,. artd (ully palil Wit!]. oul d. ;nlin;\ .,!, Hotle\.', or ((') III thf' I'\,('ot that t"a-ch afill t'Vl'ry th.. 8tlpu!atl(lOll, aKH.',,-,m~ntA, {'oll,ht;ons, ;tI\d c..vemwtA of B-ttl<.! nlll" nnd tlWl mo: ll{ltj(l'. lire not duly, pl'Jrnptly, and (Illly pNfdlml~l. then III "Ilhef or RIlY lIulb ,'Vt'llt. til" Mid BH:t('f\'l{lik .Hlm IlH'ntiOliHi 111 Mid /lott. tit,!" ft'mall,llli ~Illpald, .....Ith lnkH-,t !1n::nlH! to thaI, tlllll', lllill fill HlO!li-,y'l M"Cun.d h.'ft'by, !lhDJI beco!1le dUI' and Pil)iihlt> forthWith. or thl"l,'aflt'f, at tht' optllill oi Mid fllilrtgaH'(-(', I\A fully Mid (ornpkl..ty illl if i\1I (If tii~' Mlr\ Mlm!l of rnonq w'.'n' ('I)llnally !Il!pulatn! v) iJ\~ pAid 0/1 Ruth day. fUlyt11inK in !tail! rIOt..: (ir III thill ll\f)rti{!Hfl.' to the t"lItnHj rIOt wlthlltandillg; and I h", ,'U~~)ll or lhr'.'ait.~t. at UtI.' optj(JIl u( AAld rrH>rtga~.-~, w ithou t t:otlC(' ur dl' OHIIHI. MJlt I\tlHw or in f"l:IUilY, may 1,(> pro,"}I.'Cul..d a.'t If all tnonf')'!1 "''<IHf''d hen,by ~Htd 111aturI'>11 prlt.r to iL'i !r1.~tl' tutlon The mortRag..'". may fot'.~!r~<, th,,, mortg-at{f', 1\.' to thl' aml)llnt "'1 d,'('llirr-.l dll(' arid f11n'iihlf', illlO thp MId prl'm!!\{~ ~hA!llw !l-f)!o to Ml.ldy nnd f"*Y tlw !\anH' LIY/Cdhl'r "lth (o."t-:!, opt.'n~fi, l\lil Allow.il!:""'" hI C.aM' of partIal fOr>..'dc.!\ur" of thIS nwrtgllj{{', the mortgl4CE'J prr'nJlN'S /thali t~ 1',010 lluh,ed t., thp (-Oil tHPllfig" Il':n of this m(lrli!t1~f' for th.' lHfiounl of the debt !lot U1o'r. du(' Rntl Ullt>8lri In "llch ('M~ flip pr<. ,'I&lOllil (If tllli\ panigr-ilph may "KRill bt. A\'llikd of tJll'f,'.ufkl (rum tiltH' to lun.' by tlH' lli'.rlglt){l'" I} That ti.., IlI'lI t~afi'lr ....,.ill f:i\'f HntHedl.llt~ nntl(:.' b;. In;;}; to tli.' IllMigrtJ('.of' ;,f ar.y '(i'ra.....}kr'(.'. tri\lilller, or chsnj(c of {,wnH~hlp 'if th\? pr('ml5(<~ J~. That no Wkl\'oi'Y (,f flflY (o,'('nl>tnt ""f,-'in or r.1f thC:l GbiJa..tI(l1I !!.t'('lHtwi bt'rl'h.,. ~h,,!i l\l !tn:" lillii' tr1l.'It'after IX' h,'ld tn I"" Ii wtliVf>r il; dH'u.rpl~ hf~t"'\if UfJ)( the nnt4' ".,nn-f,d liff.-:r,>, \ . ~ . . \ ! ~-l \ '; J t .J. \ -J , <4