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HomeMy WebLinkAbout1984 crtTCirr ;b) of parayrraph 'l prrci~clirTg' diiii:i 'r' ` !~ I~~~tTZ !N tu-3• ~rur3ti)tl ren!.~, irsYt~ and assrutmentl, tnd irultr~-rTCC+ prertlit~ma, as the cx.+ti nluy be, w'hcm 4he rixrlie aitai in~c~Nne due al:.i 1)a}ai1le, then the rtTOrtg~or r}hixli (isy i<, the rnc;rtg8g~e all~~ 1-nTOUITt nece^:~ry ti, rcrsl:r. up the detlcit'nc}, an or tK`ft+rt' the date' :~•heil p'a}'event of such grv)and rerit.s, trxc~, r.+rnenla, u; inauranc•.~ ;,:emiilnT_is shall -1t' duty if at an}~ titnN the mortgagor ahr-ll tender to thtr nluriglr.gc~t In arrord,xncr \v 4th the pro~sa:utig •rf tht• note eetiurtr4_t herYhy, full ;~ayntent +f the E=.ntir.~ irldehtry:ine~ Fcprr~ntr,ti thert~bp, th:' mortgugt~ silaii, In rrttti- putilTg the amt.unt of surh ind+r-ilt~.incmr, rt'~ci-t to the acrautlt tit the rnurtgagvr all ;ta} mt'nts maat~ un+it't the ;)rt11•idions of (a) of ;)sragra~ti 2 herafc3f which the tnostga~e'~ tlaa not F;c'rLnit? ohligatt'E1 tti i+:+> tf. tt;+~ k'`t~tierei :iv:teirxg ~.c~mn~iaaiorTer arld any tr~ir}I)ce reinalriin~ in a funds art':iniul;itttii und<'r tht~ i,l n\ i~+:onti of (b) of as;ui rEarR~rraph ~. if tiTCle shall k.'t• a ci: fault ant er any of the ;irt)viltiulle of tills rntrrty{agt°, r+•• !!!litinX in g pu>)(!c Et~i' ''rf t}'it` i)rt'.rl)t~a C+)YQCC'ti heFet3}', Ur if the ltloTt j(a~j t`Q &Ct;Uirt'1i the ;)rnt)t•rl1 trt:'.l'r- Ktae after detatl(t, the nivrtgc~t-e shall a;3f)iy, at the tinge <)f the cE;nllllt~iirernent of such ;~rtxt't-tiit)A1 trr xt file flint the ;)ro;~rty is uther;+~lse acqulrt_~ti, the hliis~TC+~ then rernair4ing in tht' funds acruil3uiatt ti untit'r (b) of para~raph 2 prErrL~cii!)g as a rm+iit againnt t~iee arTluttnt of prircipxf their rt'mrt)ilitl;t ur.li,;trl :li„irr acid Hate self nh)ili prc),)eri}• sit ~tL~t an}' ;)a1•n1Pnt w~hi~h RiIR(1 ha1~e ~'c•n rnadc' antler 1+3> of said ilaratrrNph ~. 'I'hatt Ile wit! j)ay :ill taxes, as-:~€'~m+'nta. k'atcr rata-*, and other gi)vcrt)m~ ntxl fir n):ini~ )t,.4! ~ h<.i ~:t'~. fir;ea, t?r ti71;3E}IritlUTTS, fpr 1~'ltirh pri)vtttiOri has not t:ten nlt3dt' i?f•rt?tTii)t'fUrE', and lil ae'!:t!1(t tht'ft•trt tl"!e tTlnrt• gaffe nay ~~}• theltaltlC;and that hr s~'il( pranl;;ily dt'ilrcr the UfiSCiAi rt~c•tipLs therefor ti) the rr nrtxuKi•e $. Ti)eut ill' K'il( ih rT1Tlt, CCirllnllt, Or 8'Ut~tir tiU \i':E.4tC•, imi.RtrnirRt, Vr dt~tt'ritliRt;t3fi irf Sa1ii ;>ittlti'ri1' nr any pArt thereof : 9nd in the e\~t'tlt of tiie fai(urr t~f the rllurt~Ngcr to iEee;l the L;llltiinrts on :t lti ; rt•n31~t', ifr)d tht,ne tt) !)t' t'rt't.'t>_~ ESrI BAid premiss, Or tlTlprtll'PII)ent1S t E'retlrl, lii t{titxi retiAlr, the nlitr[I{c?}'+'c~ 1'1)r1} Rlaile SUC-1 t'ii3;iir`t P,d !n it-9 dlS~Ct't.'tli)TT it iTlli} dt:c°Tll nE;`ti~BHY}' far the pr?1i)''r ilrE~er1'tituln tlirrt't+;, anti tit€' fug} >;mot,r,t of etach and rver}' such flay°rient shall i.>¢ lrllmE~tiiistE•i}• due rr,d pR1'at)iE', and ,.hall ty~ set urea it}' tilt iit~ri of thin tnc?rigr~ga. p. 'i htit iit_t \4'li( ;)a}' all and Fliigitigr the C~tA, ihRrgra, dill; C'Y;?ei)9t'3, InC(tltiing rl'Z.u)RAltlt' (RS\ _: t'r'S fry, anti rE;~ta of gt,atriict~ E,f title, lncilrrt~ci c)r ;SaiEi At any tltllt~ t)y fire rnr)rtkRgtF> t:tra):':e t;f file fAi(t1fY' nn the ;);arf of tiie niE3rtt:xt{or ;)r~~n)i)t!i• a;:d full} ±.i ;k'rforin tilt' aKrc~'nlt~ritS anti rn\~t•n:)tita of Baia ;it4.,in. 154~)r1' nGiE' and ih13 ttit)It~{ajie, 811d yRid rt~st$; t~harges, and ~xiirtlnE=s H-1all 1~~ lmnlrtilriti'iv tit; c' R:ia ;ta}'- able rand lihal( !~ aerurz~ti b}' tt~e Ilan of thls rnfrrtr~Agr. 7. Thai he- w'ili keep ttie lnlprr\'t°Ilt('[!t'i littK i'Xigiiitk OC ilt'rt'Flfti'r ert.Y.tt'ti al; tl;t niortt7R~(.KI ~;fi~(}t`tij, 1rItTUrt`+:i 8.'S IIiRb' tu' rty(Ulrt`.i frt)nl t!rti€' to title 1)y the f11UrtQd}ir-E' Rgc3iflSt ie)su h\' tiri' Ztlti (it iiE•r hitlafti5, rP,ua(tle-s, r1Rti Ct,ntilljte'ItrtE•B lIl AUt'tl tirilt3lint3 rind fr3r ;441Ch ;H~rltxiq ti.5 ft1R}' i4' CtYitlllt'ti ity rtinFtyak+•t`, $nd 1'' 1(( ;iA}' pr~rnlptl}', µ•i-It'n d!!f', RI:}' prE'nilUtl)i i,n ?tUih Ifi'3t)i tTliCt ft)r ;);i: il:e'llt (>t \\ iill'-i j)rt!L 151+~i1 '[idi r+at kx-eti merit' hcrt'ir.t><_forr. r~it lnsurance shRl{ t;<' t:~rrit'•.i in carnl,~inlE•s ~~;rrr+,\tti i,y nivrtK.ilt+• .trld thE~ fx)(iciE'R ;Ind r€•nE=wRix thereof shall tx° begs i;}~ nlortg,iytt-,' tinii hive eittatht•ei tht'rettt li><~5 i~alitt,l•: clauses 191 favor of anti in fnrnl Rccrptat;te t=~ th•• nlortgAgec'. In ev~t•nt c,f in.~4 he :~tli ~lve lnunc~4iritt. Jlfltll'e Si nail ti) ranrtgagt~t~, titHi hlt)rt~'il}{t'+' tntT~' nlAiCe i,rt'nf Crf (t_t9S if flat r!lit+iP -ii+~Iltt'ti\" (;\ 311(r!tj~a}j:'I'. alga ERr~ itT9UrFiIiCE' C'ni)l;iitn}' CUtii<'rtiE'.( i9 iiert'i)3' atltitttrftt'ti and dlrE'itCti to rilAnt' i+a1'nteGt f'ii' 9ttt'h lfiEls tilrl'rt(4' t0 n1ClCtgi;~e••• Ihf'le':4!i Ot tt7 lilirrt}; tiy,trr ana r:?nrtfjil!{t'P JUliii{\", Rtla flit' :ii3Urat)Ce ~)r,K_<t'eifi, tar Ally ([2,irt tiitrC't?f, -T1Ll}' t)1~ AO-Silrti 111' riiUr:j{aKt'i' is It3 U;rtltltl e'itliFr tU t(it' Ce:~tlCtlttn of i1it~ Int(t(r!t•tint'~~ ilftrc't)}' 6€'fUFi`t~ E7r %U t}il' it'll++rfitlt.tPi Or I"1'ji31r!.+i lift t3rt)(u`rt',' sianiA~t'd. lil t'iCnl tT{ (I'.I"1'(itititlit' t!f t1{t~ mr3rtgAge far t;iiiE'r tranRfer of title tt, tire' n)nrt~i;~•~ti i)rn;4'i t}• in ~ ttlnyrtll,rhm;'nt trf the lrl+ir ir~t'at:r z~ at~ur€'~i h~`retl}', Rli right, tlt(e, anti lilt:Steal t)f the tnortgaKor 111 an:l t{) i;tty :nauranrt• ix)Ilc,.'rt ti:r'n tr, ft,>c,, shriii p~aa ttr tale l,urci:~*er or kraRtt.'~. ~. ~i hat tiiE• ItlnT'tgVy{t't~ rI1R1', At $ri}' tlnlt' 1'en(iing A Alit U;at{: th'.!I rT3(±I:}ial{t•, :4t!lt(\' tti th±' Cfil,ri ill\' ins ~UrIBdiCtlOt: thPrF-trf fUr file AiiiHilntlflent +)f R R'ielv'Pr, ar)al LL'Cii 1 Utirt !dial( ft.F!!!K ttii aii~urs`:;t a rt'CFI:E'r Cif tilt' pTPflllgt=v Cn\eri•;i ia'rel/} a(I 3na ittil}(U(ir, i11C(UaiP.4 Ri( Afitt ~'.li~;ll~3r flit' lilCC!tilt`, ;lfn;:rA. 1(i1iUt'd, grid I`e:E'nUeB fff)R) \t'h~ile\'er .*,f)l1rCC- tit•ri\'i-ti. E'et'il anti l`\t'r}' UI KhIC1i, It hetli}! E'xt!F+5x:,: ll€icil•1. bfCK)ti. 13 iit~rt'by rtlnrtj(itgt~i t44 !f t1;K•=itlC~ii(}' set tUrth aE)tl des£rit)c'd lti t-tt' Ki .Ttitit:t; .tti:i -i:1-k'ilailni Cia'.1~~ ht'rt=uf, :Intl such re'rrl\cr aha;( tl,~1t' ail tht' hrikvti 8n€i t'-Trtiik\f' tU'iCt;nti4 attii lrti\5t':"~ ill iift\'.ti6' i'ntfURtt`ti ii 1' d Cn'trCt tt, a P(`t'i')'C('r, a.nd such ipi~lntrn('tit NhR(i tx' Rl3ti+` -t}' Si1Ct: Cnilrt Rz All a•(rtit.Et'+i E'tiuil\' and N inattt'r trf $lSStllistt' right t+~ saki nlnrtgRKt'e, Rnd \+ltt;nut refer:'nit' ttr th€' ,Trit~(u:4rv fir Inaa- ttii131Ci of ti,P Yalut' pf fife i,rU(tE'it}' njtirthAt,~4:i Or t+r the $ni\~t'RCY t)r It1F.ni\rnti\- trf !Isla itii.}rtkajtitii ut itit. dt`fendarlt$, Rl:d thi+t AUl'It it'fit?±, itrnflt:?, itiCtifilE•, 1141i1e•9, 3na rt'1'rt1t1P~ Rliai~ l.t' ii;t(tilt'(i 1)}' tiSIC11 fti'e•t'.i'i tlCfi)rtitnb', tat tTIE' iirli e)f thi5 nttrrt}{A}(t' Alla till' i;r3CtiCt` ill Fl)tl! Ct3Urt In t}l •' f'\t'tit of ail} d+'fRU~t +ilr i11+' tt~rt Uf file Iflnrtj[ci6;t)Y 1!i.'ri'Uilti`'r, tht' nlnrtgitgt?r 9,SZCet'9 to ,)3\' Ili thE' ti:lrt}(?j(t'i' ern ti:'RlAnd :iS :t :t'it:tiR• ahif' IiTUr]till_\' Tt'ittrii it3r tti+• (ii+'Ritsrg FTii Ilfii+rti(s' zll (PaKt tY(UiYilir`ilt lei iri:e•-t:1Y(ftlt (1l_) of flit :1}lkr!'fCiit+ Of tilC t\4ei\t' llUltittll}' it}5t<il(Itlt`itH OlT4atllt` ti! flit' tiled CUrreF)t }lltr itiUS tfit~ at"tt3al a]!)t>;Irtt (rf ti"t t' Sflti!i21 ls3Xt'fl RLL;t'S91ti4'i,t.S, Si;ttt'i' iRlt'~ ant# 171Ai1YrtriCt' prt't?litim'i ftlr 8lit'it 1"t'6!r i,~!t Ctr\rllti tt1' ti+r' itfU:t'ikitj nlorltni}~ i,t-}~mt=Ri3, ~. ~h!' riT+)t"t}~IIxUr {t)rther l't)St'nallt9 that P;ha°i(li ihi9 fli+Zrtq,4yte• itlid flit' l;r;tt' *rvtlrt+S ht•ft!): ti+~t -te f'iljtlil(e ft}T lf)AUrBnCf t±Il;ieC tii4' ~~f tlfrtifyi }1<r!19)T1,f7 i1Ct \1'itilif: ~tfJ E.iCSYb f(Ufri ti:+ tiAtt' l:t tt'nf tK'flttP71 atatetrtent of AR}' t~ti)ICt•C <)f tilt' i'ctieral iiaUSit;y t~drllinlslriitits(t 1tF atlthtirtz?'{i %t yt'fit tri tilt Fc-+ierlii tioustng C't>mnlil-,il~)r)er dal%~ti sr,tr.*tyucnt t.~ tht ~fpl'('~Filt:i t:rllt' irt,tn til+• tii4'+• tit :l;it nlt)t"tf{~~je+ dE'C(Iilltt}t t?) in811rf' nRtd ilEitc` 8nd ttll8 ftltiltjtR}T itifl}C d""!1 t:i E'e:tiClilil\'e irrtxrf of !trl('ii 1t1' €'li~lhl(lt}'), t}iF TT1Urt{($gt'+? Or the hUider t!f tilE nOt:.' iTiti'r. tit itli ti(rti+ln, ti+'fl.iTt' :11{ Un)9 ;4th'?/rt'+i -lr't> t)S irrmniitittily due and ;,a}`al,(ts. l0. 7'h~it ta) in file E=vent f)f en}' i3rt`xcfl of thin nx,rtKr,ge ar tit fRtlit c,t. tti+' hart r;f flit' :i:trltut:ytr3r, nr (tE,} In ti7E' E"%t'iit tiir3t 8ii}" trf Rai;i aurnA f)f 171Cifli'}' iit'rC'lfi rFtf'Cr<'ti t(t -k' lilit (rri!n't;~i(!~ :'•li+i fllill' tr:ifti S\ 1'.ii• aut derrirand C,r iiC:tlre, UC iP) Iii the ('\'t'iit tiiat t'@rh dllii e1'ery 'rift' 4t1;lll~elttnil`~, :ij,'(tt'?l?t'nti, t'nrirlttinn)i, anti covenarltls t,f ~Tld Ri:tE' ai:ti Ci1iR tilt)rt jfngH, ari' ttt)t dilly, i)rV rti;%t:}', R!Iri ftili\ ix'r fttr (l:t :i: ti?r'n :Ti eiti:er ~,r a!1}' such sl.'etlt, tile' $aid 3ggre~{i~te AJm lTlc'ritiC)nE'Ci in AAiti liC;i+' tlit'ti rt'rts~llntnj{ !lr);tAl+l, Klti Int~'rtgt drCrUtii ti) that llfttF, finEi Ali rtT!ent'y8 8t<rUrc'~i hYie1)}", At)>iii ir^Ciitt;t' atlt' ati+i ():i\Atil:' f~irti:ultii, fir thert~ ftE>r1. at file nt3tlun of lEaid Inf~r:g:~gtK', r><3 fully and Ct)Iniilf'tc'1'i as if all trf t!it"Sa;d RUit)R irf tl,r"itt€'. vE'ere OrlgiRSll}' stlpulRtt-ti t!t in' t)+ilfi Ctt'i 8tiih dA•y, An~"tiling In lfal(i Flt)t+' i+r ill tll{!l rtli3rtfy'AKt' i't flit' Ct!i:t(i3ri notwiti?Rtxndln,g; and ihereup~)n or thereafter, at the f:ptuttl of '~a{d nltr. tgKk+~'. \'• :tl;n'It nutlt t iii deli?s;d ~UiL 13t iB>~' OT 111 f<~Uiii', tna} i,e Prv.~c^CUtri~ ;-;'S If Ali t)1CSniya YL*:i)r4 ti h~'rE'i;1' hRsj nTFitnreKi ;)tint t!) its iR4t1- ttltif)ri. ~1f! n1Ctr't~A[tc'4` rn8}' fnrt~(:>tsQ ihitt Int,rtg~gi, Fil4 tt> tilt' An1n11iit ~!t dFY'llrt'ti title iltid t'':T\'Ri~l:.'. Rnti ti'te said premi#f'z shall r,• Psf)(1 t0 AfitlgT}' Pilii] pA}' tht' ilallle t(T}>,Ptt,t - \ti"Ith CTri<t.~, eC;)t n§+'fl, Rnd ai{n:v RIiCt'8, ill C®-se f;f pvr'[iai famcla>zure ctf thin rR~)rtgage, file mnrtgaKt~:i itr~rt~i~t s trial} t>i' aniri siit,~€'t-t tt~ ti-it' rr,n- tinuing lien c)f this t;-ic)rtgak<• fur ti?e amount of thE' sieklt lint tileR duty anti un(.a;ti {n sil~h ca.tt' ti,t• ;rrn- vl8lnrl,tl Of tiilA paraKras.t: mA1' B~AiR [)e ttL'r91i4'•:3 f)f til?`ri'Aftf'r frftrtl titnc' in t!rtlf' t)1 tiro RlnrtgRut'e ~~. Thet thf` mf)rtgAgor li'i!i g1S`i= irt1F!1t:+i18tf° i)ntiCt~ i)}" rTlA1i tr3 ti)C' rilfrT3~'Fcj;C'f~ i3f rlll\' Cti:)tc.,ib+nC4`', trr~rTafer, or ch,xnge of t)v,-nerwtrip t)f the p.E'rtlir~. i<.. ':Shat 11 t7 W8i1'('r Cif kn}' t'01'f•nAnt herein !)r of tilt' c>i,i~>zRtion ftE'C+Irfri iit'rt•hy asilsili tit iin}' iltit~' ther~.a#tE~r l,e hrid t€, i)r a uaivt,r of the tc'rtni~ het--ef tJr of ihr nt.tc at~c:urt~Ei h:.rf'by.