HomeMy WebLinkAbout0754
Wi
38_53
.-_.
..... (.) :s- , pr~,cii..~."" f- ~t \0 ,., ~ ren... t&..-.. MI Nlntettt.
ud ta~__ ~. .. ... .... ba. __ ~ SlIDe ..u ~ dOlI &Dd ~.. tbtrn th~
._'~ ,., "to, ........,' ...", ' ~t ~ lllU"J to..... lip it. dde~)', Ofl or ~for1! tll~
........ ~ fII........... ...... tUiiiI. "-1 iU'" 01' ~ pnIIlhar_ alWt be; d~. Lt
at ., tiII1Ie.. ....r JI......... ....lIlII* .1JIIIP'11a 1IOC01'tl1l'-' with ~ ~ of th. oot.t
........ .....,. tan,.,..t of.. adUe, iMiU._ r. ...11112'" tiIsItnbJ. the ~ shall. in com.
Pu_ 1M ... 81.... .dlter_ ....ut t>> the aceooat o! &he ~ all ~t.& mad. und.ff
u.. PI....... 01 (.) of ......,.... a....., nidi tIN ~ ... DOt becollUe obttpted t4.1 pay to the
"....... HI _~IIIJT""-." ad... In....- ....rt*-' ill the hmdIlICCumu.l.ated under the pro\'i-aitma
()f (t) at IUd flltfIP'.(Itl1. If u.. -.n be . cWautt WMhr 6QJ of .. Pr'OvlAIoaa of lhi. mllrt&'~. ~
tu!tb:Ic... JIIIIblie" at the pnad.. ~ IMnIbyI Of it the ~ ll<'qVir_ the proP't't:ty other-
W'iA at'btf' defaWt., tt. ~ ~ .... apply 1 at u.. WIN of the ~nt ohu<:h pro.:~hl\It:H,r at
tM,tiee~ ia...... actJ11ind.. the ba.bIoN \bc1 rwB&11U~ iu the !undil ~umulllt~i under
(0) of 2 ~ 16 .. credit...uMt iht> atDOUJlt of prlnelpal thm ~aini/l.l unpaid under
Mid.... .... ~ adj_ &ft1,.,....ta whkh wn haft been mAdl!l un4tr (4) of Mid paraauph.
to 1bat M will pill)' an t.u-. IMl M,t.,. water rateIl, andathe'r J'Ovenunat.al or mIJnicir~&J rharit.~.
t\n-. Of' i~. tor -hid\ j)fOVittoa a.1l<< beet< ~ ~bd(l~, and in ddault ~rNt- th~ mort.
.....J:HY pq tMa8M._ tUtIMwm ~ dfiiv.r lb. oftkiAJ ~pta therdor to tht> n;ortlflj'ee.
5, 'niat tM will.......ca..att, orQfhrft(l .....i.e., tmp.i~t, or deterlorat.iOll 01 ...id prop-tort)' or
ILl),)' part thereof; &ad Us tM ownt of the fail~,.. of Uw mortc'alOr to k~p thil buUdm.a on ~ici prt'mis~
And lhQM to tM enetwt _ Mid "'-_. 01' itlprovementa t.her.of1, In rood r~~jr, the mortiAi('V mil)'
tn.4Lk. ",udl rqxUn JIll In it. dilcRtion it may deem n il'eIN_rr tor th~ P"''P'"' p~rvatiun thert'<)f. and the
tull amovnt of eeeh aM......, ... ~ ~j beimmediat.ely d~ and PAyahtt', .....d ahall l~ 5e<IJrt'<-l
by the U. of Wa ---.rr ' :m-
.. "n\.at be YiU pq .. _~ tlIf OOl5ta, tha.~ U\d t.x~. jndudi~ ~.uon:abl~ law)'H'8
f~ ~ coata 01 ~.,~ lacurnd 01' pAid at any tim~ by th... m.)rta~ b<<a~~ of t1w failllre
00 th., part of the m~r promptly and fuUy to ~rlOftn the ~nt. and (ovt>nant..'1 {I! Mid p.\lrn-
iuory DOte aM tbta ~ and laid eIIIIta, ('harpe. ad a.~ AhAlI be \rrun~ilatt'ly du~ and PAY-
..we aDd shali be MeU.:Nd by the Den of tAi.t ~,
7. '1"'hat M willn. tM~U\ now liI'xiltina (W ~rM.tt.f .reet~ (.)0 tit. rnf1ftJ.,,'~~d proflol!'rt;-.
in.uNld u m.&1 be 1"tlIltQ{n.cf ~ ~ to titM b)' t.h~ roortlr..- ....lnst loa by t\r~ and other huud5,
,,:uualli_, and oonh~d_ in ludl aIDOUnt.s and for aut:h ~ri(Jd. AI may bf' r1.'(luiN>d b;- nwrti..t'"tl.
Md win PAY promptly. when due. any premiuma on aueh lnaur"f\c~ to?' ~ym~nt of which provision has
1'.<Jt ~ .mad. hereinh.tt!oJ"@, All inatlt~ ~..1I be C$.n'ifod in ('Wl1paniHapP!'!J\,('d bi' mortgagt'e and
tilt' ~ ~ "new&1a th(!rt'!O{ Jl1&ll be heid by mor1i'~-e and have att.lcfloo then.to l~ lJil:'llbl(~
d.2.~ in favor nf 5.ud in form &(~uhlt' tt) thf" mo~. In e....tnt ot hxu he wil! givr. imnii.'dlate
lioti~l mail Ul m()~..nd ~ mil,y mAJtt' proof of lou if not made Prolliptly by ffiortgftgor.
~ if\lHiBn(@ cs:vnp&l'ly COnoU'fitKI i. h.r~b)' lluthOf'iu-1 and dirKt-E'\i to mah payment (or ~l.l(h
low dil"t!ct1y to mo~ in'~M of to mott.ragor lli1d mv~ jojntl)', And thO! tMunmc~ pro>c~h~, or
&AY part thf'nl()(, may be .pp1~i by mor1jr~ at its option f>ither {(, th~ fft1uctiQtl of tht' Illd"blf:~irlt:'M
~Abll1l111C.'ur-.d Of' to th@ t"t!!8wntion or rep.aJr of the property W\q1!'<.i. In eVt'nt of for"'Closurt> I)f this
it".n~ or other tnnater of tit" t.) the fTlO~ Propf'rty in ~J.tin1fui.Jhm('nl of the indt'bt{'1.1nI"M
NC1J.r.I Mn01, aUl'tcht. tit.kt.; and inW'MiQ[ tM roorttr~r ill and to I.nY iluluranco: poltd~ tlWTl In torn;
a.h&ll ~ to the ~ or Ir&nt.,
tot That tiw mo~ mat. lit any tifl)f! j)@fldiJa, A Duit upon th~ mortgqe. apply to th(' court hfn"
ing jliri.adidion thi!1"'!Ot tor tbi; ~tm.fnt of II r~d"'t'r, and lud\ court I\hgll forthwith appoint a
l"etelV\tr of ~ Prt:m~ CO'."rOO hereby tJl And aitl.gular, including Ill! and AHlgular the inco:i1t', pruflUl.
iNU.. and ~"-enue.5 from wh&t~'~r lOUr<<' derived. t:>ACh lI.i:ld t"'oe>r}' of which. it i>t'inR el(pr€-a~ly undu-
8tood, ia hereby mort~ u If lpecil\e.ny M't forti'l and d~ribf.d in the grantinp, "nd hAbt'ndum clAlMf~ll
hf'TtlOf, a.nd such ~ivt'r atulll ha"."f! &11 the b'f1)1l.d anl~ effec:Uve tUi'lctioM and power~ in anywiM'
entl"\l.:l.W by " e>>ort to A ~v.r, Md IUcll appomtm~mt ahall ~ made by such court &it an admitted
equity lIind a matt4tl" of abioiut.e Tight tI) &Aid mortgll.fE'E', And without re(t'r(,llc~ tD th(' ar!f:(ju!\(j' or Insd,
equ..a..~y of tht! vah.le ot the pt"Opr:rty mortf&gfltJ or to the whency or Ifl5olvCfic)' flf uid mortgag.)r or th~
det!'!ndana, a..'hi that aueh rents., proi'\u, i:KO"I(', hMues, alid r~Vft!lUea ilisH be applied by lHKh h'<>i:iwr
acrording to tnt! lit"n of thi3 m(lrtg~gc and the practke Of:HlCh court. III the >:vent or any ddnult on the
part of th~ roortlrAgor her\"\lnd>er, the monpl'uT ...r~ tQ s:..y to the mortgq~ on d~iMUld as a Tt',uwn.
ahl{* rrwnthly nmtJ>1 (or tll,. prl'ml&e4 An IUT\(t',mt At le-ut equiv~h~nt to O!)(O.twcl!th (1")1) of the aggref{&t(l
of thtJ t..eh'e mDfithly inatAllmentJ! p(lyaiJl(! in the Ut~n curntnt YUT pha the ltttlllitl amount of tfl€- llnliual
tax~, u;6eu.me-nt.3. wal.s.!f ratas, ilnd iMufilnee premium.. (or such H'ilr not covered uy the I1foreuld
monthly paymenu,
, .9. Tht: mortg~)t f'Jrth~r (I)V"~~iAni8 Y'tilt .ll-h'lJld thl;, r~lOr~.~ f,Hd th.;; nok s\'Cut'td ilt-~c-b)' .not rx,
t}hl'lbh1 far inaU,All(2fllJnd~r lh~ Nl\tiooll! ltml~lilg Act within. .}O LJJ\T5 from the (i~tt, !1er~;-.;)f
('iVritl.<<n at.d.Qn~nt ot any omen (.f the F'~.d~rAT Hotah4{ Adminl~\rali()n or Kuthuril>:d agl.nt fir th(l
:Fed~ H(1!'u,ing (~.)rruni.uiont:r d.at~i i(.)bMq~nt to th@ 30 PAYS time from the dati; or thih
mo~-. d€ocHning to iraur-e llaid r;(jt~ and thia rnorlgai{\'. lw.if1EC (1€'t:'t1H'<i c('ndun\'~ proof of Iluch in-
eH.ilimt~.). th~ mortKl\I~ or tM h~r d t.h~ note mi\Y. at l~ option. de-cLue ttll ;;;U!lU !<<llr~ tlt':ft"by
Im..m<<iiAtely du~ and f.aj'Ab.I~
lv. Th~t (I':) in Ul@ t'v~r.t Or!ViY b<<,~" of this nwrt;Jii.i{' or ddalJit 011 the part of tlH' mortgagor. or
(b) in th~ ~:e-nt th~t <iny of ~.aid $urru; (If !tion~y h~r1;ii1 rt>(erTf'(\ to hr !1(j1 promptly llf1d fully p5id with.
~t d."mttna I), notk~. or (I') in th(! ~\'o'!'nt thAt 'f'Al,:h and e\'(!fj' the ~tlpu!ation3, tlgreozm{-nl8, Ci)(lli,tion~,
and (ove,,';&!lta of ~i(1 not~ tu~d tfl~ !rH:l'~~<:-, ~l"e nut atili', pr')f\1pth. &n::i fully rJoH[')rn,t'd; then in
~ith~'f ot' lU,>, ~u('h ~,.'~nt. th~ u.ld ~~~t.{' ~;urn mt>l1tlonet1 in Mid n"t~ th~n r\'mainini{ unf>flHl, with
Inte~t RtfYUt"'J to that time, and ~,!i fF'fl~Y" [t{.o{.un:ct hN'\:by, !Shill! btX('HH;< ,ha' find pa)'8Lle forthwith,
or Ul~~....r, ait th~ optkm of ~aid mQrtl~, IU! fuBy llnd ,,:;mpkte!:i .!t.S if all Gf th.' Mid l\tl!Ull (,f li1onf'Y
w"'T~.{}nl'hH'~ll'llStjrx.j!a~>!'d V. be p-0id ,}t\ ~\X"h d..y, ~nrthing ill Mid j;{}t..' or in thl'! mortgi\ip. to th{' n'l1trary
t'~'fi.'!th$U\tldl!itl;': anti tht"r'l"i1.Pf'!1 Of' tt:('!,;:,Jj\ft~'f. "t H'u' optkm of t>i<\d morti"tlf"P. wlthn\Jt l;ot!Ct' or dt>mAnd.
irott Jlt law ()r ill t!q\lit~., l'n.ay t>e" pr-r~ut~ ii8 if _n tn{)li.W'~ ~lJrt'ti hen-by h.!lrl m5tU(~! prli)( t<.. it! ifleti.
tutk>fl. Th~ rrH::<'rtp~ m~y (1)t<<I~ tM~ mQrtg~i", IUI to th'-l iittllG~mt ~o (j,'X'lllrc-..i due !nd p.3Ynbh'. and
the Mid Pi"t:t'I1~ ~<*.n ~ ""l<l tn IMltl.3fy Afid p.ilY tll~ &iiflW hli\~t.hH with C'J<'itb, !;'Xpd;~'2'!, if.lJt1 9.U<Jw~nci';.,!.
l~ ,.~ v.t pcrtaJ i')MJoCkm~.H't d tllltl. rn.orti~. th1~ 1i:<l}rl...<<~,1 9n'mil-eiO $h~li t,.;; ~ld 8\Jh)e(t hJ Hi(! (.(In.
Unuing liff, 01 t..~~ m'O'f"tg.~ t".., thfJ iMriQimt Qf th~ debt fiOt th(tn dt.~ 1\nd !:',p.ald, {Hauch Ut.!-i! till" pt::-
vt3.lofi$ (if this. parA<<11iplt mil) ~jn be ~'''r'f!lk->d of Ult"n:-jlft"t from tinH' t(l Hm~ by tile mortK./ljff'''i!
t L , '\~h~t. lh~ miJrt,g~i<,!'t win ~:i'j i1w!'nl"';iifite nutke br rHfiH tis the mortg~'t..~ of .!!.n)' wtl1r'eyaJlct',
lNmatt'f, Of' Cfl~Nf'e (')f QWnel"~hip fif th~ ~m!ilu.~.
11. ThAt _w:. w#h'~f Df $;i.r Ci-wtntini h;.;f'151n (if' of th<1 otlil{&tt;:'cl f].+"::;.tf'f-d h('n:~':r wH at RIl)' ti1n~
t~e8.rter ~ fvdd to h~ a wal,,'~r 9! \h~ WI'f.ftS h~t~'Qf t}f of thp. now ~I,;t<<i hHebr. .
.