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HomeMy WebLinkAbout1198 "T ; Ii!" [, 'It' ~ ~ iiuder (b) of p-&tAjffaph 2 rft"<.,~jlng Ahall not l.~ 3Ut'lki~nt to ~: ~d r;n\.b.. l~:i~'&"'J ~mf'llt.., and in.....HAn(~ pH-miuHl.8, a.!I the C~ JnAl l)(!, Wht~il the iA.l1le :ah..1I ~lt'n6 dlh~ and p.yAl'h~. then the mortilt.j.{ot .a~~J! ~..)" to th.: mort.Ape !lny iLlilijUnt nt'CP.lSAAr-y \.() r.n.ak. up th{> d@tkit'ncy. Nl or l.d.ll(' the d_t.e wh~1\ i>Aym",ot of 6ti~h Ir((tu!hl I~llt.a. t.u~, A.bi!l8o&!il..nt., or inauran.:-e vreomium& ahall I)t' ,tUft. If at IrH\Y timt'l the rnc)rtaag~ll' "hal! knd~r to lh~ morti&geoe in &e('ordalltt' w i1.h the lH-ovi,iollA of the 1101(: ~ur~\ hercl>)', full paynwut of the l"tltlrC indthh."ilieaa r~ph-.ellt.....1 thefo:Ly. U\t~ m{,lttjlq\"'f~ ahall. III (oHi- puting the iu:rnllnl or such indt-bt~nea. ,r~dit to t.he a.ccount of lh~', mor1gajfur all PA)'IYWlll.a made ul1\h~r thtl pnWil!lOIlS of (a) of pa1"ag-uph ~ hect'<:d v.hl{'h Ow rnort(Ca.gI"e ha.,.. not to('1,'OnH~ obltgatt'\1 to pay 10 th., Ftd~ra.l ~'iou..inll CotnmlAlion~r and any balance h'1naillill8 In lilt) funds &('(urnulated und{'r Uw prO\UII.Hi.& of (b) of uid palA.graph 2, !( the,,, &hAll ~'a d{~(ilult Ulltil'f an)' of th~~ f1tu'iisii)fi3 of thUI nWIII{l\j{\'. re-- 8ultinr In & public 8-Ale of the prelnUloElll (oVf'rt'(:! twmlY, or it tiw mortgaj{.~ &C(luicell the ptul~'rl) othN- w~ aft~r lidault, the ITlQrtlfllj'~ ahall apply. at tht' tmlt' of the comm':l\('('nH'1I1 of such JJl\)("'l'1.IIIl~:ll'r at the llOW thl' propert)' ill olhuwi!le lo\I:t,juin'l:l. Uw li-aiiUl(,(, th('n f\"mainlng III lhe fund'! auulllullilnl und..r (b) of p.AU3T3Jlh :l prl''Ce>!1ingu a cn;,<!lt aj{lllllat ~ A.mount of \'ril1cip&l. thfil rt'mRllllnj{ u!,p<lld und"T hid not(\ a.rvI6J.&lIpropnl)' I\dJ.....t all)' p&)m('n~ which ahalllll\\\! )oI."*.1I made undH {oJ o( SI<II! pHra~lal'h 4, Th.t he will (>a)' all taxe-$., ~'#.'ullt'nt.i, wat.er nlh~, and oUwr "un'rnlll\'nl.fllllr mU!l!rl(lal. har;{Li. nnt\!!, or iml--"I-.aitwra. (or which pro\'l.!lIOn h,,", not t.-.>t'll rnad~ lktt'lnbd,)c", and III ddault thH",A th.. mort- gagl~ may pay the ~anH'; and tt13t he will pn.l/nptl)' delt\'cr th(' 0lncI81 h_'Ct'ipL'I therdor to the n:nrtgitl{('e I), That he will i't'rnllt, commit, t'f !;utft'r no .".ut~, lrJ\p.llfmellt, or dt'tniorntlOll (.f 811ld plu,'f'rl~' "r ~ny p3rt ther....)f; and III th(. (>\'fJol or. tile (ai!uro Qr ttw !llortt{l\~or to j..','f'P th.~ bulldillj.(~ Oil &l\!t\ 1'[('lJWH'iI ann thl)M' t" t);~ ('(1".t....1 on !!aid pn.'mLJ(\'!. or Impr(I\'f'lll"'Ilt.~ th(,f\'DIl. III j.{t....l(! H'plur. llw nwr I~II)["" IIlIlY maki" lil1ch f('palMl a.~ in lt1\ dl5crdlOn It may dl'<:'{)} r~e('t'M-l\r;' (c.r th(' Jlr')Il<~r pf\'~t'rvi\tlol1 lIwlt'''f. alld tit" full amollnt o( {.;tell and t'\('ry ftu\7h payment 81\1,11 t.... IrTHl\O_"!Il\tdy dut' iill,t payab!{'. I-lilt! shill! 1,,-, s.~urnl by the lien of this m"rt~lii(('. 6 Thl\t ht' \\ III pay 1\11 and lIinl{ular th.. (uav.. ChIHj{t"S. and {''':J,,-'n'wl1, lnclufllnl; n';'~{lnl\h!.' lawyer'~ }(--Ho. anti n~tlI of i\h,'ltl'acl.'l of 11th,. IIlCUITI-,j or jl4l\t! I\t !ill)' llllw I)) tiw mortj{liloCo',' Iwcal1v, tI( Ill" fadult' or. tht' pad bf tiw mort~ill{(lr pr,)fIlptly and (ully to ll(.rforlll tlll' i\;{H','/J1i'nts alld CO\"lliillt.'\ "f ~,ild "l"li!- iMorV IH;t(' and thi!! mortgag(" and i!.-''ild ("CoAtS. ChIH1({'-!I. and \'xI~niH'-'1 shRll I.., lrllOlh!iatdy d~jI' !lnd p;,:'- nbl.. and ~haii 1)(' ~"('un..! hy the lil'n of lhill rllortl(ll.ge. I_ ThaI. hi' will K"'tp th.. iI!lprOvellll.nt8 now l'.I:iallng or h.:-r,',A(tI.'r l'rl...:l.-d (;n thl' Ill(lrtRi!)\,..i prl:jwlt.>. Insured ~.'i ml\Y }", ft"Quir,'d frtHll tlflH' 10 tllni' br thl' lI1ort~a~(..' I\SCiilll.'\t in,,!! b~ hn' Hlld o!liP! ha/M dil, CA...ualtH'~. and (OnIJllj{t'IlCIl'S III such /UllOUIIU alII! f,lr l\udl p"f1(l(h &1\ rnR) I", 1'.IUilf"ll by ll1ort;{i11l.'..., And will pil:>' promptly, wlwll d~H'. l\lIY lITt'lIliUlI1ll Oil /lllch InlHlri\lIC,' ior 1'''Yfii,'nt ,.f \\ h:ch pnl\ hlOIl hito; not Iwn, mad(' iwr"llllwion., All ln~Ur/l.n('{' 1\hl\lI lli' carrini In cornpalllt'!I appro\,'d by f!lorl){,IIl"i' ,tnl! the puhClt"!'l {(nd fl'I\I.'wal!! tlH'ft'-Uf ~Iw.ll II{' lwld by mOltj.{iiKI'o' iud han' ,Hlarhl'" tiwrdo !\I.'\" "ayaLI\' claU!~(>$ III favor of and In funn a. c,,'pll\oh' td tll(. motlRl\l{t'1.', III en,'lit of 10"-" Ill' .... ill )('1\,' 1/11n1l.'di,\t.' notH'.' hy II1all 1<) m(lrt~a!{...... and rnortv.l\j.(t',. mil\' milk.> pr(lof I)f IOH If nllt llIadl' pr"rnpti~' by Il1llrt~~a~qr, Rlld I'fl.ch ll\.,"\Ifa!H'P eornp;-,ny COllftn,..d I~ h,'",,!.>)' illlthofll..,,! and dlrt'cl.,1 III mak., I'H)"nH'1i1 f,q' such 1(..~'1 t!:rt."(t!v tn mOllllll.(oCt'" lllsl.'ad of to IlltHIJr:i\j.{lIr alit! l,wtt){dl.{U' jUil:tly. nHd Ih... 1115lJlllIlCt' pl""."I'!. or allY l)ar-t Uwr.....f. may b..,. apl'l",,1 by nwrtj.{BK"" ilt ft.'! optlllll "lt~lt'! to .tlH' r,.,lllclIOIi (If lh,' IlId.."l"'.l!ll'~~ h('({' l)' M,<urr,,1 or t.j tilt- n'1"l/lratlon Of r.'pall tlf tlH' I'rt'lwrty i1all1a~\'d In o'\l'llt (If (olo'{'l'\~'l!'" 01 tlll" fr,nrtj(ll;{\.' or /jth"r trRll!\f(>f uf utl{. to thf' lliortgit~,>d pr..p('rl,y lil 1,\till)(\Il~LIIi"lIt (If th.. Ill,ltLk,ln(1',;; Ill'CUfl'<! her..by. "II rlji(ht. title, lInd IIIt('rl?i1t of thi' mortKagllr III IUld tt, 111I)' 1Il~\lriill(," ,,,>lll' It'~ tllI'!1 III jorr.' lIhall pa.'!3 to the purdll\.,....!1" or Krll~ltt">f,., 8. That U\/' mortKilj.{l'(' may, at !in)' t!ll1t' 1'.>ndltiF.' n 8uit UpOIl till!! rnur1ii"W", appl\' In thl' (0\11, La\'. ll1R ;Ufl.\r1Ic:tJ<l1l tnrf,'.A for lh., appointment of l\ rN.'t'I\'('r, and !luch (,:'\lft l\!:all {()I thwlth app..llnt i1 n'"("\'I\'er of the pr'!ntl!H't\ co\';'rt'd hn('by l\lll\ll<!IlIIi!{ulnr. IncludlllJ{ all l\Ild "lliS{ul.n' tl". 1Il(l>lIH'. pr'>llt.';, 1&.'1UU\. and f"VeliIH','; f[(lm whale\rr "OUf(~(' tlf'rl\t~d, ('.tlrh and I'\l'ry ~lf whIch, It h"IIi).: \"l'r.'s.~ly untll'r- IIt(....,1(1. 1:\ lli'rr'h)' 111I.lftgaK,..J a5 if Ill"'(lii('ally !\('! forlh and dl'l'.Crlbt..I ill OJ(' prlan' P'io' fllld iJ.\i,,'ndulll rlalP\l's twr,'of. llnd ~t1ch f1-{,(,I\'i'f shnll l!lwi' All lill' broad !lnd dfl'(.t!VI' fundi"ll' alld I'nWl'r~ lr1 ;;n',\\I:'!" t'ntru!ltl..i by ~ C()urt to 11 r''<'t.jv('r, find Aurh npp.oinlrnt'nt ~lHdl I)', !:lad\' h~' ~pch ('('jurt ;t,~ all adl!llttl'd ('qully and a /!Intt.-r of E\b~lluto' nl{ht to :.ald mnrtgllKI."'. ar.,1 \\.[thout rd.'I"IlI" to th,. ad."pHV\ '" If1Hd .'quae)' ot" lh., vahle of' th.' prop;:rty nlOrtp:ililtd Of ttl lh" eoh'I'i1() or In,~oh"IH'~ ;If ""lIllll"n~.IK"r "I tho dd,'lidi\ntA, all.! th!lt :!urh n'nL~, profrta. i!lCollH', il\..'!Ut'll, And f~''''I'lliJ'.',' 1\hllll I." applll'd b)' l'oeil r'-{"',\'.'r IlfC,}f.l1nR to HI!' 1"'1) o( till!! lnurtjl,'l\j{" /tnd the prt'H:llr., of SlI",!. cOlirt 1!llllP I'\t'l:t of Jill~' d<'falllt Iill till' p1\rt o( t[;1' IJ1orlj{iI>{or h,'rl'lllldl'f. 111l' tTInn~'\j{or ajlr,.'('''' to ~tJ!)' tll the /llorlpca).:I'1' 011 di'lnand R.'\ ;l r"i\.""lI' aid,' mnnthly n'ntal for th,' prl'1lI1i\PS nn IlnlO!Wt at IpnO't {"lljl\iilI'1I1to on!'t \\ {.!flb (II j) of tL., ,1~~Kf!'~:,lI- of thl' tW"!\"I' monthly 11l.~tallrni'Ilt." payab\;. !II 111<' thl'1l flJrH'flt ~('ar plll;\ tiil' adual iUllllllllt of tt... allnuAI t.a;;,.'1l, a.~"'I':o...'i/1H'rIL~, ....at'.'r rj\t(';~, alid In!!ur""c.: pr.~I1iIIJlTH' for i\uch )','ar /lot (I,\,'r"'1 by tilt' ilfc'lI'!,..'!.:d Ilwllthly paYIlH'nUl. 9 Th~! murtjf,i"lj(or further loveIlIUtI:; that !ihou!tl lid!' Inn rtgllj{i' "nd th. Iwl.' :\''-(111..<1 h..rdl)' not 1)(' ('ligdd,' fur II111Urann' UIl'!'''' the :';atinnll.l HOli:\lng Art within :.. from th.' fLit;> i...r\'(J! i wntlf'j) lit~I.,'m('llt of allY olll(('f of thp Fednal lloulling AdmlllL~tri\tl"lI (11 Il.liUl(lfiH't! !<~"lit of Uw Ft'{laa! HO\l!\ln>; ('olllmi1l.MoJ:t:f datt'l! ~ul.~"_',IIl{'nt tn the I'lli<' from tiOC' dHt,. of thl~ rnortga.g". J,'('llnlllloi to in~tlre e.aid nol~ find thi" rnj)ltj;glP~. l,...ln!{ d''''!"l1...1 CtlildU'II\f-' pro,,( (If iluch 1(" "llillbility). lLt' f1jorti(ilgl'i' or tlH' holdrr of tht~ note may. at ItJi option. d....Lne all !lUIIll\ 1;....'Ull',j hneby IflIll1f(i!&t"ly dUi' And paYl\ble. 10. Tl\l\t (a) in ltH' l'V{'nt of lOll)' br~&('h of thlll rnorl!(l\j.{., or ddault ('ll II\(' P;lIt of th(> m"rtKlI~iir, or (tJ) in the {'\'t'nl that ilny of s;;id 8umll of mOrH~}' her'-11i reft'n",! to I.., nnt prol1iptlr an.! filii) pilll! With, out clemiwI! or rJOlin', or (t) in tlw ('\'ent that eAch and pvery th.' ~tIP\;!iltl(jIl'l. l-I~fN'llH'IIL~, ('l)n.lltlOlll'\, And COYf'Il11nU o( ll-Alfl Hole and thlll rnonlfH{Ct\ an' not dulj', promptly. and full\ ,,,,..rI'orrllHI; thHl In tither IIr All)' lu,h .....-.'ot. the @aitt ag~Tti<litl' 3urn Hwntionf'd In IUl:.! nott. ttwll ft'lJIi!l!llnj( Ullpltlri, With intn('st &(UU(~! tfJ that lime. And all mOTleYIJ $('Cllled h~r{'b!,. li..hRli 1)('o>In(' d:w And p~\llhk fnrtl-owith, or t}.{'!""ltfter. at thl' oplion of !laid TrI(1rtA"llh'. u fully and cumpkl','ly M If all,d ~h(' !Hwi S\lmli flf ml)/Jt'). wer~' originally !!tlpulE\t('.t to he ~'aid on Iluch day, i\1J\'UlIJlll ill "Hid noli' or inlhi!i miJn~gK\' tu tit!' t(ilt!rllr;.' notwith~taf;dinl(; and thercup':m or Uh'r('aft~'r, at the option of Mid fiH'rtgilj,(d', Without !;otICt! i>r ,km;1lld. auit at law or In ""luil}'. mAY t","' ..r~e-cul,'ij 2..'1 If al! 11l0fi{'j'!I sc::-euft'tllli'f{'h>' had lnnlur('(1 prior to Its irl1ltl- tutlon. Th~ mortt(ng(--(' may fOrt'(I(l.a~ this rnortgil.j(r. &." to the amount 3" d.>('I&I!:d dur and j,itYfibl,', and the uid pn:rnig('8 lIhllli h~ &old to utig(r and 1m'! the IlllnOf' to~dl1('r with COM.il. ('1I;IW01\(,8. IUH allowall("('8. In CU4' of partitll for-oc!\~ure of tll14 mortll\l{(', tnf' mnrtJrl\!(l'>d pn:rnlt~~ !\lIalllw ~olr:l 5ubJf'{'t to HI" ('Uf)' tinuinl1llf~n of thl.!l mortgairt' for the amount of the d(,bt n0t ttwn flu\" hlH:I u~lpairl In !IuC'h f&.;;~' thp pn>- ...i.ionll of thi!l pats.gn.ph m~y ligilin l>e IlvAilrrl of thNN.ft,'r f.nm tli11e to tlml~ hy th.. rnfJrtllaK~'t' t 1. ThAt th.. mOitgliK'"Jr "ill gi ,... irnm.-.lli111' notiC'... by mnil trl the rnortl{fil{N' of !lny ('1)1\\"'}'..I1C(" lfl~n,~f,>r. or dl"!Ij(~ of m'in...nhir {\f the pr('miS(~ 12. Thiil no w:li\-er of tiny (tJVeili\lit LCf'f'in e'r o{ tiJf' obli\ot!ltloll M<( Uf"..! ht-rl.tJy ahl\\i At allY timt th....r(.Aft-l..r I",; hdd to o.e 8 wi\ivl'f of the t4?rma haN! or of the not.e ~un...1 hen'b)',