HomeMy WebLinkAbout0748
0.1} 3B ~ 47
5i;:'J. ...'
" ,-
..... (., ft ....... J, , , " . .. lIMN ....-. w.. ad ..-...m~,u
iDd tau............ .. .. , ' -- .. ~ chM abd PQ'abie, th<<n thft
......... ..... ,." toto .. ......... .. ..... ~ Ilf IIJ7 to .. Wl' tlw ~y, Ob o.r brf.Oft- t1~
.-.WIiiIA ~ ., .-ill ..lIIIt.f ~ .... ...rr..... or ~ ph:Dtwu ~l bot dl~@. It
at..., ........141 ... .........lr.J ... iR ~.i:U& U. ~ or the .'X>W
___, .... 6tU ~,' till.. ... ,.....lIMcb1_ ~ 111 LHW ~. tbt moctpca WI!. in ('(lftl-
Jllttaa ... ..aut ~ ... ~ ~ tI) the MlOCNSAt of tbe ~ ..U ~met.l; l'THld<<! un~l-
the ,",~"I1. " t.a) fIf ~th 1__ wtUeh u.. ~ .... not become oblipt4d t'6 pay ~(), the
~ Jb:rIT~ C .~I1I..... lID' ~.f1W r-a.tn1u ill the m" Mlt'1m\Wattd un" tht' Ilrt)\ i_10M
~ al.... ......... If u..n -.n M . tt.tllldt WMIar I1a1 of .. pro'liIiona of this mo~, ...
ta a tdJIk... ottllo .....li..~ benb1, or if ths ~&8W &cqtOirefi tht\ propt'rty (!th~r~
_...,.,. ~.....~.... ltPPb', at ~Um.ottae~~nlo!slK.hpt"Ol.'e,,",dil'~Or5t
tJM.... tM proptII"t1 ia ~ acquired., iM ~ thsIl naWhi~ in the fundi /M.'U,mUlalNI unda
(b) of ~ 2 ...Clditw.. . eredtt apiMt the aaount of pr1a4:l.pal then rem&i~iIlB ~Hlp.iid u!lch.y
ukl.... _.-...u ~ .4.h- &I\Y ..-t.t wb.kh Iha.U haft bMu made un<ko... (4) (if I.tI.ld para.juph,
4. That M will ..,. aU ta:ni.... HYMI\ta, wrator ratIsI.. &Cd other 1'O"t!!'nmehtal Of' m.mkipal (hafl~,
bel. Oil' hll~",- wf&U ~ ... not been made be~on. and in default th:l'r~f th,. m,)l't.
......., pq .....aad UultlM wilt ~ d':jvttr the ofIlei4l ~ptI thenfttr to t.h~ mortaagt't',
5. That.. wiU pM''f1lli1.. ecaanit, Of e.u.J~ DO wute, impajnnent, o:r d<<eriont.ioo of uid ~'~oi~rlY or
an,Y part t.tMnot; ... tit.. ~t fit, tbe taHun of the mOM<<a&'Or w. JJ.6'!p th. bUI~dil:lf1t on $ala pl"t"mlM'6
and thON to be cneted 00 ...ad pf'iilmi.lel. Qr lmprt)"f!meI'1t3 thf-reon. In iQ(.>d repaIr. th..-mortga~I"~' roB)'
mU.f aud\ ffJl&i1saa ia ita4ila" tt...,~ n~ fOf'tM p!'OJlt't" p~rv.tlon theu'of, anll tht'
full &l'JWWit ot ...m ... ...., IIlIC:h Pf01IMIDt'ahalJ be imm~:bat.el)- dtW! and payabte, and ahall bot' &€Cured
by the lien ot thil ~Dr_.' . '
6. Th.at htt will pay an aad .r~llcu' ~ t'QlW, eh~. and ex~, in.-ludin( rt>'llJlonahlt' \.W}'I:;f'8
tf/8 and <<lia" ot a.t.trvta of tiUt ineurred or paid at any time by tht.' nHll'4(~ ~,~&U&e (I( the fl\lllln~
OIl th~ part of the mortaacor ;u"cc'pt.!y ..nd fully to pt'l'tfonn th.-e &6ft:effiE'ntJI And cm'i'l!llnt'l of Mll\J,n'!1l'
iuory ;xU and this m~ and aid ~ duu"~_. and ex~ ..hall be inHJ1..JiAtf'ly due all pay-
un. aad aha1l be fie(U,.s by the lilm of thia ~
7. T'b.at M will kMD thtt im~-ementlJ now tliituUS or ht!lrtatter erf'CUd on tilt' mOrtil4!OO prDpt'rty.
iMund .. mA:)' be n!lQufnd from lime to tim~ by the mo~ a.pinat 108.1 by fire and ot},t'r hf!urd~.
~ and eonti~tiea in aueh a;:nounts tWo (or suet. '~tiodA u m~y be n'quirt'd L)' mortg&f\:'i',
and will S::.LrunpUy. -hltn du<6'. allY prwni\.Ut1.6 on .yen in.&ur&n('e for PAyment of .... hkh provi!llon has
not ~ . hentJlMft)rf.!. All in.ur&nC(' &haH be c.arrierl in COfnPi\OlelJ lSppro\'eii b)' mortgagt'{' and
the politi. &Ad re:tWW&iI ~reof 5hAJl be h~ld by mortK~ aod hA\'t> att!ichCti thlHt'teJ ir~~ r..ayable
da~ in favor of and in form acc~ptable t,":l thi! m(!~. In event of 10M h..' will giv(' imme-diate
n.Jti~ by'maii to MQ~, a.nd mo~ may mUf pl't)o( of \..'itJI it not nude promptir hy nwrtga~nr,
and OllIleh inau~ rortlJ)l.n}' ~ i. hertby A\lthoriUlU and djr~ted to nukt. Ili\Ytn~nt (or /lur.h
iON dil'\!Jrtly W l'tlL.lrt.p.eM in!tad of to mort.rat'f>~ .,ud mo~ jointl,-, And the tl\~ut.ncepio('('('d!. or
any piIlrt th4'i'rrof, may be I\ppllt"d by mortp~ 6t its optwn -either to the !~>duct\On ot tJu. l!Hh'lJt''l:1neu
hUtlbr MCUNO or t.o the hl:ttoration ur l"t"pair of the prOptHty damlllf",-i. In t'v~'nt of forl'('!o:HH\' ()( thi!!
mo~ or other trlt.nde:t" of tiUft to the mD~ propf!rty in E'~tinguiAhmcnt !.f the ;ndt!btt.,.jn(,~A
HO.lred Ml'1lby. an r~t. ti~ and in~t .).1 tb~ mort~l' in and to aDY ln8UnmC~ (>OIICif8 lhl:n ill (O{'C('
WU ,.. to tM purehuu or an>>tee,
8. That the mo~ m.&y. at any ti."M p"'lldla, * lIutt upon Will mvrtlIqre. appl)- to the CGUrt ha....
jnlt i~ th~~f fw tM .ppo~n~ent of a I'toC~j\'er, and &;Jeh '<Juri. 8h..ll forthwith llppoln~ A
ree1uver of th.t prtm'llM't! ro"~N'!iJ h<!.r~)' &.II and llln&ulu. lndudmg all and !I!'.i"llllH Ow Income, prolltJl,
j.~, ...,d J'W\'ef'tU. (rtIfI, wr...t~'~r AOUret': derived, eacl\ a.nd ev~rr of which, it tx:ing I?x.pr('f>~ly und.:r-
stood, is h(t~Y mo~ u if spt'CitkAny L'~ forth an;:! d(l8('ribt-!:! in the jlfaoting an(1 h..})('tldum c1au!!('!\
h~t, and aucl1 ~iv~y lhali "ave al! th@ broad and eff~t!ve functlO!;.a And pow('n in t\llywist'
entrwrt<<i by a N>urt to 1I ~Vtt, And 5udl .ppotnt~t .nAil be l11l\d~ by j\K'h ((Jurl u an 81lnlith'!.l
equity Jlnd . l'rlattRr of ~!ute ri,nt to u.id mort,agee, and without ref,,'rOl(~ to the ad~.luIV:)' or ln1>d.
fq1.Ll.CY ni thf.l va.ltW! (If ilit: property rnortglig-N or to th" 30I'o';>:oc)' or inS<}h('nc~' of M\d mortgagor or the
dd'endant.l, ~J Uu.t auc.:n r~tA, prof}t4, incflflH", lMUe8, liU'ld r~vel1uee IIhaal! t~ app!l~i by such recciver
a<<tH"thnl' to the lit'll of this ~-.re and lhe pra.ctiCl? of such rourt. hI the c\t'nt of .Uiy dc'(ault on the
J;4rt of th~ mortgagor heO"\.Hl~r, tht' rrwrtj'&1fUT a&'~ to 1'.1' t(. th~ morttrag'f'(' on d~mAnd u a r""i.~-m'
abw rnonthiy Tl'ntal for the pr~miM>s an affiOlJ.:!t at j",...,t ~uivAltnt to ont:.tw\,l!th (l;i]) o( the allin'g&t.:,
of th~ twelve f{\ontNy ilUtallnH'lit3 payab!(' in lh!' thl'Tl curr~nt )'NU' plu~ the actual amount o( the annual
tu.'~{ ~tntntA. W5~r ratet, And ifilHln'mce p~miUl1'd to! 80ch Y~4H Hot co\'('r<<i by the afor~id
mn1H.nty p&yrnenta,
9, ~ n:M)rt~r tlJrth~ CO'H!nantlJ UHit~hould tMlt morti'38" aud th(. T1iJt~ to:~!Jt('(i hueby not ~
tiligible for lfia,urantt under tht'J N~tk>ll;i,l HmJ$iflf Act within 30 DAYS from thO' dAt~ h{'r\"Of
(writtM &ta~mt"nt (It .hi otfl-Cn of the F""j{!u H()~3ing Admini.tr,,!ioll or authorized 8Rent of Ui@
f'ed~1l1 HOUS'tr,.g. Cof:n~i..~~ ~~i .U~U(,fit to thf' 30 1)' ye; time, frt'fH thf' dat{' of this
m~ d<<ltnm, v:; Hl31.H" pld note il..'H1 this mort~.., &in~ dN>m!.'d tondllRlve proof of !lu~h In-
clia'itrilfty). th.} tlW~ or U\{' hold...r of th~ noh! may, ;:.t itlt UpUOfl, dedMe ail surns 6~~ur~'<l hef't:<br
irn:m<<iW.ely aU$ &lid pa}'Abl~,
1O~ 'ih~t (a) in the event ()[ lil,oy br'e-.ch of thtlJ rntirtia.ge or defa\Jlt fif! the Vittt (If Oa: mortgRgor, or
(b) In the e'i()nt thAt any tJf e.aid flJlT>!\ ,')f m01W)' ht"reln n~f"frt'Q to i'i:' !1f>t prnmptlr <<fir! fully paid with.
out ~.A.fid w not-t<~.\ (ll {c} in lh% t;.'ent thlJi.t e~h and ~W~l'y th~ 8tipulitl,m$, $K'(>:f'Hlent;:;, coo,htWllll,
And C(1'>''NlAutA ()f Mlid twtE ~\l1 tlli$ mor~~. torl~ nut duly. prumptly. f>nd fully p<o.:rfonn('fi; Ult.'1I in
either (,1 tt.!iY ~'J(h tt\\'llt, the ~Iii.ld iI~nrt'!!.'t70~ <lUll; m~nU(ln~i in ~Hd not<. tlv:t1 H'm:Oln!tig Ulip..HL WIth
lnur~t ~r;,}ed ie' thlitt tim,,,, !wd fl!! rn';m4>j's lk~iJn)>:i here!;y. ~hali he(!.'ll1f' d\!t' iHld payt<hh' f(>rlhwith.
{rf't}j(>f'&:lf"\.'PT, at t.h~, opt.'!)fl vf &f4i(i m,.n1.<<~, ~ ill!!)' And c\ffnp!eh,ly M if all of lht' ~"itl :HJlH& (If O)or;ey
were (!t'irinAlf>!f tt:ptilAt~1 to b~ }i&1d on $ttth d,liy, anytrl!ng in Elilid fi(tt.' (.r in thill rnortgllge to nil; contrary
Ji-oiwit}~ndlnB; fwd tn!?::f'tHJptm (j.r t.h.f~f'~rt'i'r, atHw option Df lYtld tnllrt~Ai;('e, without notkfqJ't demand,
IJ'JH ~t ~~w Qf In ~\J\tr. m.y be pn~uted ~ H ~Jj mOtlf}lI &<<,l.J[e<,! h(:f1"hy hact mnl.lJred piior tiLH~ illllt;.
t\lUOit,~ Th~ ~(rrtglt~ mAY fo.eo:}~ thill tncortgaty.". M t~., lht' ,:mf}!.mt ~o d~...ltm:d dueftnd y'iyabl.:>, and
th~ Milj IlNn~~ .e.'tI.Ii ,be &CJd t.) lJ.al~.fy and pay tnlJ "In.. ~('lt(<tm'r With cool~. e:"Pi:l\!.68, An" allowan('(>:a.
lr. t~ (if ~,rti&l f..>r"tx1u'Mir-e ""f thi.l m(;~ll. th~ m(irlK~g\,o premi..it!$ !\hilH l~, iiQld llubJ\>>i.;t t~) th.. con,
tl.!luil'lf H~it Ql tM~ m(wtJ!lilg6 for thE! wnount .)f the d>!'ht not th/;,H dut' tand unpaid. In ~;jch l~M!' Ow lil\~~
Vlliior:JB (d thlg ~&f'r~i may ~gahl j~ a\"!i.i\;eo(~ (It thtrb\Hl)r (rom time to lime l1y the mortgag(-t',
1), Thll.t th0 ;!}<:jrt~'I)r w1il ~iv.~' Imnli'-dhHi: nMke hy nnil to HH~ mcrlgil${~ d any COflyeyalKe,
tnalU-H"t', r.'f dl.Aflgt' of uWTii'nhif.' ;}f tt.>l pr~d.MO,
12. That lH) We.i,{'T d bfiY C<Yll'ft&Hlt hiH''f.I.u ()r ii! th.;; (.biil{l/.H~H ~~,,(:Ul,,;j b~tdjf ihAll ilt llny tim~
thrr'tl&itef 00 b>l<j t.) hu 8. ",'~l...tl' (;1 t.~e t.et1r~ h~ri$!)f ';}i" '.if the JH:>~ I'h'"ClJfW ha.r€!by_
".z:;.=..,,-:
.;-:--.-. --~~-::!"::;:;C:-"~_-_~~-;:-~~_~":,-:-,:,""-~'_--:- :~_-" ..,...-:,~-: ~~ -~