Loading...
HomeMy WebLinkAbout1158 o . ')'1 _ v~ itff 4~ 7 I\l.d In!lUll\lH'' I'r'''YIIUlll:\, 4.'1 tlot' (aM' [nM)' be. IH!rh p'(ceM shall 1,,-> ('r'...dlh,'(l lIy t :,.' fn..r1;('d)(t'(' tin ~iJI~"''''I\J,'nt \la)!1\('UtA to be l1l^-d,' IlJ the mortj(:t&ur. It. llOwcH'r, Uw monthly J"'1)'1ll.'llt3 1I11ldt' II)' thl' mOl tji:aj{')! Ulldl'f (11) of p.ragritl'h 2 lJr{~(,<lil\g ~hlll\ ilIA he sufficient t.o PAY JrTOuno l'i'nls. ta'H'l'l and lL"-i(~lIH'llt~ ~nd \IlJiUr311i:e pr-e0l1Utn5, a.i\ th.' (ue nll\f I"". Wht'f; tht> SAme ~all tl(<('t'lIW OUt. 31111 1'3yablt', thell th.' Illllrlgilgnr llhall pay tll the lllor1"Agce all.)' &lIl<JUlIl nl'<:t'!\5ar)' to l1l.k~ ll~l Ul{' 1!t.nt:H'!:(}'. Ph or l...t,.{,. thl' diilt' wh"'1 pAyrn~lIl of sllch. "found r-enlA. tA:l'~. a.'Io.'t,^,-'lTnc-ntJl, or H\~Ufjl"(t' l'h.'.miufI\ll "hall iw dIll' I ( i\1 JUlY' tllllt~ HH.' mortg&gor 'flail teflder to the TIlurtl(B.gN,' III .. (,.rdance \ll'llh 111(' pr1w 1.'11)113 of the llut,. M,<ur,'d lH'rd))'. fulll..ym~nt of tht' t"JltJrt' In.it'bt(...lrh'M rt'pri.>-~'nh'd Hl~r<_'b)', Uw mortg..~,~. shall. In (Illll- putln~ lhl' amount of !iud\ ind('bt~ln~. cr.."hl to tht> llccount of lilt' l1\Ortgl>KOr all \I;\~'llll'nl!t 1I1il,lt' ulld\'! tht> prO\llliollli of (u) of p.~r~rAph ~ hCIt'of)f whkh th~ mortSA~I'C 11M llot 1J\'COllil' oblil(lltC'({ to p.IY to tht' t-\dt'fal Ht'U5ilijC C-omn\lNllOIl~r I\ntian)' bll!anct' n'll1illllllll:C III till' lundA ac(unlulatn! uiI''''r lll,' Pltl\ 1,o1..rI3 of (b) of Mid pari\iitraph l, If th...r,,' Atullllx' 1\ t1dault ur.,kr &11)' of Hit' (lrn\ II!IOIl!\ of till~ flIOI'IUll". f>" 8\JltITlj{ lfi a public 8&1(' of till" I'f,'ml~f'i\ (llh.t;.'tl h,'r..by, or If tht~ mortgl\IC.'t' a..pllTC,\ lh... pr')I'I.t!:. ..,I,,'r, Wll!o{' aftl>r (It'faull, t.h(> rnortl{Ri{t'C !lhaJl appl). at th!' llOl" lit tilt' COll\llil'IICt'liH'lit of ~lich pro..'o .dllijo;\ tlr ilt ttH' tlllH' tilt, properl)' IA ll!hHWI.!I1' 1\(IIUln"l, thl' 11l1l!\J1C(' thfn ft'llllltnlllg III OW fUflll~ Il((lllliuiilt,'d lin.!,'r (tJ) of I~TalCraph ~ pn.,p,ling M It cr.'''lt 1l~1l111s1 U.f' an,lll~mt "f \)n!Il'iPAI thell n'lllllll1ll1j{ ullpaid ul"!,II'! AAlrlnott' and l\tudl prOlwrly 11(1)ust an)' pa)ilh.'nL'I which llhall ha\t. >t'(On lllRdi' IInd{'r (ll) of !\Sld p:nilj{rfiph ,1 That he Will p~y !tll taXI'S. a."h''il'Mfil{'l1t~, 'w'i)t,,'r falx", f\llll ot!H'r ~O\r'rlllllt'l\ti,llJr riHlIllt'lpall'haQU'3. (\nUI, or lllli)('~,lt!('n8. for which plo\'illlOll ha.J\ 1I0t iJeell mad.. hl'rt'lr.hdoTt" lilld .n rl..f;\\llt thl'rl,of t!:t' m',r l- "'1\1\':\' mA)' pay Hw l!-l\mo; an.J thatlw will pr(\lnplly d('h\'\'l' lh., el!"lcla! ft"t'lpt'l tlli'rdof I.. thl' 1I'.IJr!j<'.\){.'\' [, Thai he will Jk'rmll. i'umlllll. {~I ~ufr"r 110 wil.~lt'. 11ll1'.i\irllH'nl, 01 ..h'lprioTiltillll of !laid prop,'rt\ '" :lilY part Ih.,It'<-lf; all,1 HI till' ,,,"I'nt of till' failure of thl' llI"rt~H1{l)r to \;.....1\ th.' b\ld.lll,l{~ (Ill ~al" pr.ml,."'., and thll/'\I' In IX' "f\--.:I,,,1 on ~al(l pr'-'lllls'.'I', (II' I!llprO','II11~l1lli tllt'rt'.ln. HI )(l'txl npi\Ir, thl' Inlll'Il..I~~"" nlll)' Olsk.' I\!Jth r...p,aH~ il.'\ III 11..j l!IP.crdl\lll II lIiUY dl~'ll! nnT&'\<lIY (Ill' Ih., prop..'r pr"_'1.'r"aUllll thl'ld'!. .!I.d till' f\lll !t111I"int l,f ..ach !lIi.! ('H'f)' !luch 1~;lYll1l'nt ",hllll t". lI11nll'-dli1i.dy due and Il,*vllhl(,. Hnd ~h!l.1I I... ~'~_IJf<,,\j by tl... Ilt'll IIf !hili rnortHi\i{t'. 6. Ttliii. h.. will P;\y all alltl ~!llwllar tht, ('OilLa. rhalli;I':', !illd 1"I>t:'t1!\I'!i, \Ilcilldllli-~ rl'I\-'>O!lill>!o' h..\ y.'r''I f....'~ I\Illl (.).~U! II! nh"tr..d,'\ of lltll', 11I(urn.d or p;ild at allY tlml' by !lil' t1lpll}(al{....' h.'rau~t' IIf th.. Lllhll.. Oil till' part (!f till' rIl11rt,pil{lIr pr..mptly ilnd fully to pt'donn thl' H,,~PTIJjt'Il!." 1I1Id I't.\ 1'li;IlIH of !;;II:lI'ltl!,j' 1".I~"n' llulfo MHI thi1\ lIlort;{"j,C", <llld i!IHd Ctl....t!I, rh;ul{"~, Slltl "XP'.'Ili\'"''1 ~hitll i... llllCll.,.!iiltl'!y <I\H' illill i';i.~,' f'.bll' ~nd Ilhllll lit, Sl.'<uH,i II)' Oil.' 11t'1I l'f Un.!' lllnrti(dl{t>, 7. That Ill' wi\! l\.'{.p th.' iIl1I'TO\','IIl,'nl.'1l\\I\\ l''< 1111 lII/( or Ill'r,'i\fkr .-r.~:kd "n th.. Illort~i1)(,~1 p,.,p.'rt\', !llsur,'(I1\.'I mil\' I..... r'''llllf,'d Crt'llI tlUll' to tiflit> by thl' In(lrtj{iiv."~' '1!.("lilst 1":'\1\ by !Ir., .11101 otL.'r h;liard." (,A,'1\1i\!t\t',~, ilnd I'llntl!lp:.'t1Cl",'1 ili !\tlrh i\fllO',illt!\ all.! lor 3\ll'h pl'nod~ as lllilY I". r"'lllir,'d I,) n1'" 11:.11<"', anti will 1';,\' promptly, \\ !;t'n till.'. allY 1'11'l1ll\J111.'. Oil such 1l1.~llli\lH'i' fUf pa:.llll'l1t of \\ hl<h pr..\I~I"li 1:.1_' nlA h'\'1l mad..' IH'r.'lld>t'('II'c, ,\11 Ill~!ir;Uj(., !than lw eRrnt',! II! COllip.l!II.'-' :Il,pr,,\ ,.d I.) fll..rlj{.l!o:'" ;'l,d thl' po!lCIt..'1 a:1\1 ro'llt'\\,tl~ tlll'r.'nf 1\lwll !...' ii..ld by fl1nltj.{I\){t'., lIlld han' ,'\tt,l\h<'1! thl'r!'\n l..".~ 1"1\ .ttJk chlJ'i",l III fil\'lIT of and III ("t!1l ac("pt.lh!.. tl,' ti\l' I1\tirtl{,Il<"", In 1"...'111 or I,,~~ hI' \\ ill l{i\" 1l:llllt'dli\tt' Ilt'tiCl' by Iliad lu ll\ortg.'l{..... ;;I1.! !11ortY'll.(';" Illi\\' rnak,' plu"f of loss I( lI11t In.i.k l'lornptly by 111>lr!.~,i;:llr. alld I'Hth IIl'HHnIlC,' n;rnp:1I1)" (""IlI.'IlI"'! 1'\ h.'rd,y !lllthorll...d and dlr.'dul tu /11..1.... l'<Iynltl.t fur such \t..'t'l dln..-t1y ttl lI1ort~Pi<:"" lIl>,t..a.! lIf to l11ortl<H~'ur tlnd !Il1.,Ij.(HY'"' JOintly, Ilfld Il... 1r1",Ural;Cl' pf..'..'...!", ur 1\11)' !';trt th.'r,.d, may' !.t' aPI,linll:y lll!'rlg;'l{i'l' at It," optloll I'IUit'r t... ttli.' r. dud:u:i of tilt' 11..1. l.\. dll(';.'\ hl'r"by IW<:Urt-J or to th., t"l'!\IOratlllll or rqli\lr lIf the prop,'rty darllaS{n! In ,'\I'llt o( f"r,'c!o~lll" I.f tlll!; murtl{a~" 1.1 (,th\.'r tr.'rl!if"f IIf till<- tll ti:., rnortlo:i1j{I'-d proJl{'rl\' III I'xtln).'!lI!\hflll'nt (If :I'll' ;nd"j,t."j!l<-~~ l\~'Clll.,.1 hprdl)'. ail ri~ht. tIt!.', iind Inkr"1\1 of thl' rnort~ai(or ill and t.} any IIl~Uliil,,',.' \,oll(I"~ 1l1.'IlI!: f"I'CI' shall pM~ tll thl' purrh,bcr or g-f2nld' ('i, That the lIItlrtgill{l'(' may, a'. ,~n)' tltW' P"lldlllg fi !l!lIt upon thi" IliOrtl{iI}<:", apl'h' tll lhl' court 11,,\\" lIij.; ) lJTl!ld " lion U\I'r,'o( for ti;p npPolli\fII1'nt of !\ rO'(",'I\",'r, find ~,llch COIHt "hil:1 fil' thwlth aPl'lllnt a ,I.,.:,'I\Cr of the pft'!lilSI'S (11\ .'1','.1 11I'r,'hy all illld !llli/{ul,lf. IlldudlllK all ,1I1il sln;.:,dal ;1:0.' d,(ClIl)I'. pI (Jtit!'.. I "'Ut'I'l, find ff.\'t'n\H'.k frnni what"\l'r soure.' d'>fl\'t'i!, l'ath and .'\.'ry of Whll,h. It 1"'ln~ '-'''I'f{',,~iy IJll.kr, st,~xl. \' hl'r,'by rnorl)Cii){''I! &,'1 If 1l1)(,(,llic.'\lly I'd forlh alld d.'1'onJlwd Iii tht, i(i .ll,t 1111-' alld halwllduln rLtu,;',^ hn,'of, Alld ~uch n""l'l\.'r lIhal! have fill til.. hrtlfld illl.t l'tr,'dl\l' funcilll!!'! ilnd pow.'rll III ;n,\'\\ ".. "lltru.,'o~lllY a ("Un to a 1'1'1.'1.....1'. and ~ut"h aPI"'lntll1l'lit !<hal! I". mad., h~' sutL fnllrt fI," "II "drnlttl',j '-'tlulty i\rlol a !Ilatt..'r of fil!!',.lJh:tt' rwht to '1iild IIlIIl'tj.(iljll.... and Without 1'.,(.". n,',' t.. tIlt. ad"jiLl'" pr Ir"ul, '~<luacy of th.. \'alu,-, flf nil' I'f"lwrl\' lIlort1H;lI'd Ill' tn tilP ~,}I"'nc~' or liI~<.h di' \. of ...,i,d lliortv.,')l"r ..r tiil' ,j..{.:ndi\!Il.5, ilnd thllt ~\trh r"Ilt...., Jirllht,~, IIICIlIllI', i'lHb.':\, and rt'\"'III.11'" :'\hal! !,t... .lpI'III',1 hy ~lld, II <, "I\I'r a<:(ilrdml/. Ii) till' 11,'/\ (If tlll~ mortllilx" and the pradlu' lit 5uch (ourl III th.. "\I'nt I,f an\' d,.fault on tli; pint "f It... ll1ort;{i\ll."ilr hf-fl'lllid.'r. UII' nlllrtv.aK"r HKr."'.... (II pil\' to Itn' !:wrt!.(ay-n' ('II dl'fl;;;nd ,I~ :1 r.'i\<,'HI' fll>!,. rnnrlthly fa'!lLl! (.,1' th., pl'ml~'.~ ;\11 ;ifIi"!l1l1 A~ kil~1 ,''!ul\illpnt 10 I'lip.t \\ ,'lftl. (II.') (,t !lit' .lj,un .It.d., of !tit' t'....,]\(. 1l1"lIthl:. 11i~t.illrli"llt" p:\vab!t- 11\ thi' thl'li (urfl'Hl Y,'jH' piu!; tI\l' 1\( tlllll fiIllO!ln!, ot ti,.. i11l111lfli ta"'f'li, ii..'~t"'M!I"IIL1. \-\31,'r ra!<',~. find I 1l!\1l fiirlC,' premIum" for !Iljch y..iir not ((I\,.rl'(i by !t,. i,f,)r.'",ald monthly l'''lYIll''lI~, 'i I'L+' nllirtY,~).C;d furUii'r CO\t'n;uit..~ {flat ',Lfiuld ttil=" rnit:!;!{l~' c\!j1{ U:," Iil;t,. :-,.t-tU!t.t ::1 ItL!\ i!ot iJ< .,IIVddf. fqr UISIJrdrJ'_" nndPI ttil \'atH'liid iifdJ""d~V ,\tt "\Ithlti .,. j (),\'j. {'-fonl til,'dl~t.. h"i,.qf ~ \\ ritt"1 :,L~~t nH'flt pf ~,n~ fdl;t,.t pf tli" Ff'd,'r~'d }liiu''lrq.t ~\drni:ll:":ltl;!!.lfifl ,!J 6\uth"r:!.'(} Hjl'-l.t ~:f ~:~. }'.'';i-r.d }1!1:1'i!,~~ ('!,nHnJ~,\:(JfP-1 d~dt.d ~~d,'<i.l'ftl.l"nt tl, th.. tilni' fruTH tL., d.dt (if :hii", !1'II'tt~.\),.:... dl"hflllq.: Ip lIi'il!ri' ~j,jd n:rt. ~u.d thl~ rn()ltr~q.~J'~ hi,i!;)." d'~'ln,d i.ldHlU~l\.' ptt:lIf i.f :--.lJef: Hi ,.1q,t1l)\ldy 't. tli'-' :nor t)t;~}!~-~. til tL.' hold,'! uf tL. r:;;tt- fl1.~\. ;d ;L... I'~lt;l'rl. llft'jar t,' ,.II ~urn'", ~.t \ !j!, d L." ~ ~n if:lfJi,'d;.d..h dnt' ,uid pay~t,f;t' Iii 'I'L.d ~'l; :tl tfl,.,;, l:t t,f .tf1\' t.l1"~Hh i,f thl:"\ nli)1~.;..J";~>~4 td '!"laua 1111 th,' P..l't ,d th, !Ijll}t).tI!)Ud. ,.r Ii" In ttl, "\,'nt tho\! H:i)" of :<l~d surn~ or rnqnf':'- Lf'll';J; t~ t~.t!. d to iff' 1l~'! p!l~rI;fltl\' ~u:d f\Jlh pllld \~ltL ':llt d, ;fl.i,;d lq I\I;ta.... or (r) Ifl ttit' t'\t'l:! t!int ~'i\rL :tnd .>\.'r\ Up' :-\t~pt;latltlfLI4, H).,':...t'f11tf:t.z-\. \"ndlt.l~ill:'", .\Ld Co\' lidll!'" {If ~~lld n~itf' Hfld thl.... rn'H tX;t;{~ far!' not dttiy, PI ~lIJ1pti~, and ftdh 1r4't fnJ fi),'d. Ui..r, !fl .,(;" 1'.11 ,:n.. ~lll h """01. ti", ~,lId ,I;q.(,' vat.- ~Ulll tn' olion..d III ,'l.Hld IIIlt. tii"11 '.-Jli;I!J':llijl IH,pald. \\ ith 'iiI."; ".\! .1" Ill.,d Iii thid tlnli', and ,dl m(jli"~;;' '<"'Ilft'~l t".,. b\". !lhal! l,,'u,m., dll" a!,,j p.H.ild. :",111\\ it/' lil li,.'I,',ift.'I, ;,t !Ii" "ptl"ll ,.f !\,41d JIlil! t){rl){.T. il-" fu 11\ ill.d ,,,In;>:. t.-I~. it" if all I,f It... ,",liil 511111'< "f !iIOfi':\ '.', 'T' '" ~:i1I.dl\,till\tli\!nl tll I.., paid 01: ~lIt Ii '\;;:" 1\0.\ thlll~ III :\,Ii.\ li!>i.' 01 III thl.; 111"1 !l\:oIjl" to: ti... (,,"I!',;!.\ flllt'.',i!li\!.1I1dILlo:. lint! 1l.I'II'UI";I. ..I Ul.f t'.\ftl'I, Ht tlll' opt'''ll pf ~ij(llTl<lnlo!:"II"", \\ ithou! nutl""ll d.m;IIP! .;llit ell !il\\ "I III O"jlllt', , ill.'\\ lit' plfl~.(llt. d a,\ If all nI"'W:.1\ !'I\"'ui,'d I"'I.!.' Lild malur.,d pl"l"l (I. it,., Ill'lL tatllll. ~rh4. rn"r!;(it)(~-~. lnay ffJrt,_'}uAP tJi1~ Jnl;f?~ii)!", a~ tn i,h~' ;~ni()1Jnt !ili dt... LUt'ii dup ;\11,1 pa\abli', iHH~ !l.., ....l;d l">'llli".... ~h,.ll h., I'o!.! t,. &Htl~f\' iHld pit\' th,' 1'oi\ilW !.<If(.-tLo'\ \~ l!t; ".'1L~, .".:pt'll"~, ;,nd nil..\\ it!;I ,.~ III ..\'-' ,,( l;,'ltlal f"I', 1":'Illl. Ilf thb !ll"lllUllo(i', thl' ITl(,rtj{'i~..d illHI1I.....~ 1<halll,., ",,,!.j f,'lb'Ht tll tr.,., .."n 'l!ill!!i1l lil'll or thlOl mf'l t,{il\.{I' fOI nil' am"'l!!! 'Ji Ii,!' ,!.,hl liol IIt"I. 011/.. alld l~llpa,,1 in "'illh t;I",.'!li" lit., ',"'''11> ,.( !hi' l'ill,l!(r,q.;, l!un l'lU\11l tit' 1\\;\d,'d i)f lij,'n'aff,.'1 tl"n: llllio' t,. t,lill' h', n.., Ili';rt~;ill'" i I That [1.1' InUI lj.',Ij.(lil" \\ III "!\,, Ill1ltl"dl.lt., 1l,'.f,H" I.) lil1lj! to U.I fillirtllilvn ,01 "":' '..Ii'" '. all..... ~ r.trl~f'.'r. nr (han~; 'If "....',;t-'!"o,hq, nf th~' prl'rliiJi'F- I'~ Thll! I," ..../\1....'1 f.f llli\' '-"\"'I!ill;t /i'...'IP "1' of the "Llljlatlllfo ~1"'u!111 ill'r.'/),; ~hl'l.ll .,t ,I" ::r'!t. 'td.t.-;;.ftl'r L..o L.l!d [tl l... ;'. ""~U\f.r qf th.. t...rn,"" 1:"fj.0! or nf 'i:.. not.-' ~,p.llrj.d h$-;loh:;