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HomeMy WebLinkAbout1805 V Ii. all' 43 f1Q 433 .; \ 1 Iln.j 1l1!iiHi\\ll:(l prt'nllutliAl. aI'l tht: (ft.'W: In1\)" l>i:, 6ucht"~(('~'" i,h!tlll.>t' ClI".:iit.:.<J by tiw lllortl(llg\"(> 011 8d'lH'\I\l~1\1 f''''Yll~llt& to be nUJ.IJ~ by th(! mcrtli/li{\)j'. If. hO\<;~",'r, lhe rthnt.hl)' l\aynH'nU Illil,lt' I.)" tht' mo..~rt.'{Ul onder (h) af ,p.i..fA&r&ph 2 pn:~c-dili.\C 5hlill Dol h'tl ..uftkil..'nt to ~,...y .iJliJUl'c} lenta. ta'.'" and a.',<<"Mflleni& ..oct InlH!n~ni:e 1)1",~m,um3 &a lh~ (AM may be, Wh-etl u.~, lJWH! ~iljl lo<<Ortit' .j\li' alll1 p.4i.yabk then lhl! mvrtS{3,iiOr thai \>ft.)" tl) the !Th'rllll\i(t."<' Ill' Y A"moulIt W"(..~llr")' t.) ma.lw UI' the dp.fi<: l~fl(Y. on or hd on' tlw datt~ .....hen p~ym"nt i)f Buch iCt'0und. Ni1t...t. l.lLl.t"8. &..~""'l'..fnf'nt.a, or HiAUr/H\{'\' pre/"i ulna. ~h..)! bt, '~ll('. 1 f d ~ny time the n)()rtgSitvl' "hAil tendu t.o Ull' murtj/:I\g"i'l' I1l M{"on1an<:i' w Iln t.h~ pf\h IW,ma of tilt' Ilot~ !ecure<-1 h~H,bl' (i)\I PAym~nt of the ;!o!.irc in<it~bh,,;ne-M Tvptf:&l>nl<'<i lherelJ)',lhe mortil\~t'" ahal!, III (00\. rlltlng tiH' AlIlount of AIJch ind('bt~ill~, (yt",iit to tilt' &i'('.IUi,!.. of tht' mort~allor All p<l)'nh>nts mildi' 'I!lder UH~ pr-ovl8ioI\6 of (a) (it pa..l:'il,Rraph 2 h~f,,>of which the Illortgll.gt"e hILl' noll){ot:mn~ obli}(illh! t.) PAY tn the Fe{lrrkl HOuiing C.(llmni.ui(;l1~r amI any l..a\Aj;.{'(' r~m;ljn!lli in t}w (lllidj acc\lrnul!ll(..i Ulder tl;.. jill'\ 1~1<)1I!l of (h) of uid l'Ar~raph 2. If thClt' ~ha\! t.... & lld~ult undN "0)' of the prO\"1~;OIlS .)f thlll nWI t~,1li". n', ~\lltmil in PI put,:;;:: ::~Ie ..( Hit' premiMo! (o\"...n..} hert'L)'. or it thl' rnUrlIoPHl""(" ACqUlrt'1! thl' Pl'.;p.:.l~' (-,tlll'l' ~'\"i&:-, "her d..fl'lllll, tilt' m(irtg~wX' !\hi\lIl\pply. at thp.lmH' of tht' cornnwo"l.'rnt'nt of duch pn'(t......j;I!i<~ ur ut the Hm" the l'H.lVC'rty III oth.'rWLSe Ar'IIlHl.'l..1, thl' balA.l1I'.~ then Tt'mllllllllg In Hit, fUlld,", acc\iPltl!al.:d ull.in (b) or p4l.riifl"s-ph 2 pN'i:'et'Ho.\{ as 8 cn..Jil Iljlll\l\3l the lU110\..int Il( prinClp..'l.1 UH'ii f\'maillll1i uill..wl \Il,der uid notl.' and ~h.lllH"JI~rly t.djU8t ilny p~-lym('ntl\ whIch ...hall hA\"!' bt:'!'/l madt- ull,t..r (a) of 8-flid pllr..~1 aD!.. 4 ThAt he wlllIHlY an t.i\Xf.'A, a..~'i(,~.,mellt.A. wlltt.'r r.l~''s. and otht'f i'-,\"\.tHflll'filal or municlPttl Chi\ff{'-'-'. f\m~. or Imp()llitwll.. for whirh I'n1vi!<ion hu lint \)('.:n mAd.. hl'rt'inbdori:'. lUHllll dt"fault lht'rt.of lh.. Il\o!t \!AK'~ may }>aj the 34m!"; and that hi' wlli promptly dl'iln'r the omnal rl.o:.jptJi tht'Tt'for tll t1a' re.!! t:.(ill{.'e ~, Thl\.t he will perol1l. COlnn\lt. or sllffl'r nil y..s....~t.'. ImpallTlWllt. or ,ji'tl.'ri..(atlOn oi ~.aid l'!'1!p"rt:- or I\ny part thereof; llnd in th(. event o! tile ial~ur\' of th(l rnort~llgl)r tJJkt'('p th~ 1>,..ddll1i<Q en ~a:q prt'/lII!\I"~ loind thOlSt~ t.o b<> ('rt'cte,j on "A'11 prl'rrllft('.~, or lnlpnn<:'J1H'nL'\ thf'n~m. In ji(o,)<l ....palr. tj,(' Jlj(lrtlla~."'" 11ll\~ rn.;:.};" Iluch f"p!l.in sa in ,l8 (H~tdion It may d...-m IwrH........ary ((If' th,.' pr{J~wr p...,~t'rvatlfH\ tlH'r.'~>f. and tho fu!l1U1\Ount of ('.ath and every ~uch payment ~nl\1l t.>t' Irnmt.'\lll$tdy dll.. and payablf, alHll\hl\Jl lx.' l\''{'IJr.'..l by thl' lI..n (If thb lr;ortgaj\'. 6. ThAt h(' will Tt!\)' all and /Jilll(\:!lIr th,' C(Jo!\ts. chlnges. and ,"q"';llk:'\, wdu;\m),{ n'i\.lVwi\L!t. ll~\, )l'r'~ ft.'~. and CO!l~ of ai>>traci..Jil of title, lll(ur fni or paid lit Afl)' tl/lH' by ltw rn(lrt~aj{.'t' L,,'''H1~t' of th.. fat!U!' on UH':' part 01 the mortK~&nr pr\~n~Ptl~:' B~1d .fully t: r..,.f,'rm till' Aj{r""Ill"I\t.~ I\ml Cl'\f'I1i\!ll.'I (,f 1'.iud \HI.;;,' !!\A0ry 110t(' "nd Vila rnon~s.w~, af!!l lU\1(1 . ....'h.'l. chs, g~. and (':..po:nlln\ l\hal! L'\' llHlIlhl1i>tl'l\' dl);' lUll !';\\ Il.hh, and Ilhall be t\(o(uroo by the li"!1 of thi8 lJlortR'''R"l' 1. That hi' "nit lH'f'p th(' Impro\"en\('nl.'i noW CW,Il\tllll{ or tH'rhlftr'r ('r,'<\\.d Oil th.. ni,)rt~'ljo(t...i pi o1'l'r1\. Ihsllr''(lll.... may lx~ n""flU1ff,,1 (rom linn' V, tlllH' 1.1,' the mortjotil){l'" lilo:<\lIll\t hl'l.'t l.y flr\' ;nld lllii..'r h,I~3r,I". Ca.IH13ltl~, and ((inllngi'llClt." In I\uch amounlS r"Hi for lIuch 1){'f1od3 Ii.'! PlII)' lw lI"pnlt.,j i,y nil'! ~;<,q..:"', !ind will pay pYim1ptly, W1H'1l d~"'. Any prNIlIUn":l\;1I\ ;lllch 11l1H1rE!.!lC,' (PI' p,,-ymrnt of \.. !lIft-, ilrO\I~!",n ha,. nf.)~ b-i'<'il ma.d.. ht'rn/lbeloTt". 1',11 1111HHiUl(" i\hall be carTlcd !!l (Ompalll~.., :1pprt'\"I',1 by n\lHt>="~,, .Ind ttH' P()lt(ll~ i\IH! r"flewsl! U,!'f('O( I\hl\ll I..., hf'ld by rnl)rlgA~','-(' and 1\1\\"" ntt!1chui U,,:rt.to l,,~~ 11,i', >"b\.' c1au5.'3 In (t\Vtlr ,)( and III f.lnn acci'pt.!\blt- to the nlOrtlii!!o:','" III \.\ l'Ilt of in'-... h.. \\ ill l{i\ ,. \n;1l1' d::lt.. [iotir., by 1Iil\il to In(lrt~a;!'t'(" and rrif'rti<a~I'''' mil~' mak.. proof I)! ;OM If !lot malL prompt!) by mO! til.1j{"r, Rod ('.M;" HlsurRIlC'> rnrnpany ,O!ll('lI\('(} Iii hl_.rd))" aulhoriz...,j ilnd difl'd.',! to TllHk.,' 1'1\\"11,'_'1,1 f,,, >,,\1,11 k>:\.a dlH'("Uy tn rnort\CliKi';' in~t\'r\ll of t" i1WrtiO'Y'H and !lWrtg-lil{'''' )(\11<1\;'. illd th.. lll!\llrll'nc.' !,I:tn-.,j", or IH,'Y p!l.rt th('l(....f. may be 1ll'1llwd hy m"rt~Uil{'.'" at It:\ upt:pn 1'ltL.:r to thl' [l-!\lct:oll Ilf th.' :ndd,kdlil'~~ hl'p.by ll~urt'11 or to Ow rT5loPltion or fI'piur of lh.' prop('rtv da'l\al{t'd In .'\.'nt ,.f hr.'(li''\u!, \If t!ir~ m(,rtj.iil.gf' or oth"f tr"n!i!pf of titl;> U' tht' n;nrt;;rfiR".1 prll\l;'rly III {"dlllji'UI!\hlillnt :d UlI' rli,j,-ht,dn.'.=." !HXUfll:....i ht'fl'l1)'. all fight. trUe. And lr-.LNt.at of lhp m,ntRliI(or In an,1lo All}' IIl!\UfI\IIC<' 1".>IH'l\'!\ tIll!; ill j,.rn ehgll ra~'l to thf' pUr(h8J\ef llr grant.."" !'\. That thf' n:o:tgi\w.'e l1Ia~'. at An)' tlnw {....,Ii,hlti'( a suit \lP'-'1l thill r;',.-'rt~t\f(\', "ppl'. to tilt C'''lrt hhl,. Ir.(l J\)~\\!.!lldlOIi tlil.r....,i fllr thp ap!>{iintn1('llt of R r..((,l\".'r, and ~\Jrh CI)llrt !lh,;!l ('" n\\\ lth llPP01!;, ii rf;~"t',\'er of Uie {lH'ml~~~ CO\t,[,'d tli'rdlj" ali >>r.,i fllnRular. lnrludlllll. all alld 1\:Ilj>(ular UIt' lncvrlll'. pruLt", IA~tH"5. linct H'\"enU('S from whatl'\'{'[ !<)urce :leri\"t"d. each &nJ (.'...ry of which. It b'.'lr,~' ;:'\I-.r,'",~ly und.'r. ~t,-.o'.i, l~ ht>rdl,' mortiav.(~l n.~ If 1\1,,-'"("iflc:lliy !wt forth finll dt',~f1IH.d;n ttw liraiiti!lj( an,j hi.l""l1dum clHU~.";i tH'rN'!. and "\.let: tt"2!'I\'f'T 1\hall ha....e ail tiw brn&d and etft>('tl\'1' flJrlctwni'l i\nd 1.'.....r'I~ III HllV'.\ l!<i' "!ltnl"t."j hy i\ court to i\ r''('f'l\"I'f. anil ~lJdl Ap!;,.>:ntnlt'nt !':b"lI lx,' mi''!'' j,y l\uch "<l~Jrt a..'\ an adrn,l',,'d ('{IUlly find a n111ttt'r of al.i3.llutt' flj(ht tn I\l\:d 1Il0rtl{Il~I...'. and w:lh,lut r.,i,'I"Il" t.. th.' ad'''j'I;-\' \ "I' Illad '''lliAC,' l)f t.h(~ VAh!!' of U:l' l,r.,p..rty !llortIUiji:.,-d Of t.j HII' 5..,j\"UHY (of IIl!l\lh ,'r,C) "i !',-\ld fl":orij{.tl."r ..I' :11" ddendfl!lt.'\, and thiit Bud, rUll,'\.. I'r"(lt", IIlCOfl1t'. 11l-~II.'.'\, and rn".'!lUe.l; l'tGll b.., ,'pl'h'd l..y such r.', I'i\,'r llccnrdwK to Ow 1Ii'f\ of thi.'l mill"tga){l' arid thp pradid' of !\\1ch court In the (''.('lil, ,,f illlY d.-(ault !>il th. pitr1. (.f 011" rnonj('iloKor hen'un.:"r, thl' llwft;l;iO":i;r ii~r"'~ [p PRY to ,h.. ffinrlloiHK'-" (,n d.>n,nnd ;I~ :1 r\',-\,"('I1- ab!P !11(jnt.h!y r"!itAl for tll" pr"ml.~\J'l an fllll\lUnt at !.oA..,t (.quI\'Rh'nt to Ofl{:.tw~lftt. (11]1 of lh.' "~n.(I' ;':.I{' ()f th,. lwelY!' fL..nthly in3t.ii!ltlliT,l.~ payah!., III til!' thl'li cUrft'flt year piu'\. th.: l!'lll;;l Slne,unt of ti.. IHH:ual \<\x...~( iLVii'MHwnI.A, wat.'r r!llu~. lind lr~I.Jrall!.''' PH'nlllWlll {or !Inch y.'ar Il'lt CO\.'f"<\ by !I". "f"f":'<,lld !Iwl\udy p<lynil'nt.'j. ~t. 'Thf' !THJrtf~n^'-Jt (IJrtL.'! \ i)\."!iiit.t., trl.H.t ~htluld thiS rnoJ tg(\~t. alid th~ iHJt- :--...,.lJ!t.d L"lt.l:.\ L:,t t,.. .li}{l!.I.' fnr 11.!>urA1i'," lind.'! th.' \:atronai HnllGi!il' .\\ t \\,thifl ~.("\ ,.... fr"in till' dac.' ii"!,,,,: f \'-. r';t~f'n ...tHt."rnt_:Bt of .~ny c.rt:c(.r nf th" !."!-d,-, a! ifdq....:n): .\drniillJio\tl;iiLLn :\,. HutI.fI!ll,.d !q.~"fit flf ~~lt .-'f'~h'rfd l{!~u~i!;~ ("irnfnl~t'o!fJ!l<'r ibi1.~,d ~l1fJ:\~,,{,Ut'nt tl) tfn'. tin)t' fron-t tL~ d.t~. Iff th:""1 :1;UI tt{i\).{", dt"('~:rdi1~ t" ln~\Jrt. ~:='tld nqt" ilHd th!:; rno~ t;td~". L~o!fl"~ d"t'n~l.d CfJnCltl~!\1 I'll>;)! t;f ~.l.H L Hi ,'ll)o!lblhtYl,. U:I' rn'Jltlotdl{t": .{)! U". ;',,1<1.., \If lht' Ii"tl lnii:" ilt:h ".,;;..", d.,..l,!!:, all "Ulll,~ l'-'l'j!.,,! h'.'l' r.\ ,rnfil,'d~(~t~'I~, ,\tHO; ~UI!! payan!.' It, 'Ihiit to) lit tht, ;\.t'nt ~lf ~!_nv t,lt;{ch of tf:!," :!ll}!t~;\~~ ,q- l~o Llidt .i-ri Ut" part Ilf tl:t' Jllott;..~.ql!;r, or {I,\ III tLt' ,....,lil that RliV of 1\<1;;\"')[11'" of m{lI,"\' h"ff'il] f,'i,'rr.ll lo II" Hilt pr.,!nptlv l\!,d fuli.. I,;\.d \\ Ill, ilqt d~'nlHtld or HctiCt:. or (r) H1 !ht' ,'\"('of. til;-i't #'n;,'h ~ind p.'t'~'r)' ttH" f'.tlpU!t\t!".n~, .~~n'"1;rnf'.t~t.". \""tldl!itll;'" ;\iifl (O\14!I~nt."\ qf ~,HI nut., find ~hi!'l !HortJ(HY'-i. a[~.~ iit)! duly. lfr!lfJlpti~. and ttlll~t lr-.otf(,rrrn-d, thf"n IL tOlti11'l ur itny ."'i~itji. t:\'t.'I~L tld: ~al;\ ,fiH~r,_~~~,~" ....\H"'!' rn~'I.tfi.!:tt"~_i !ll ~\ld Iilit,. tilt"11 ~~ IH~llnn1~f Uf;~I" d, \f. ;'L int"I.,.\t ,il'flll".! lo that lmil.'. ..wI ali lll"I!!')' M't. 'llt"l h.'n'),'" ~hil!l lit"J'lll' till!' r;nd l,a)i\hi., {..rtlt.\ (i, ot (;..'1 ;'<l(tl.'l, ,it ,I... 'Jpiilill of ~..:d 1lI11llio'ilH""t., i\.'\ f;;il~' i\!ld ;:.,mpkt..l.. M\ If ,.II !If ti,t ;u:d 1i;:l!h ,,{ Il:"li"\ \....[.' lll){lllall... :,tlp\Jl~tld t,; ii<' paid "n ",leh dav, [<11:- th'l! oj, !.'>l'\ li..t<- or II: thi~. :n;lrlKiilo(" t', ti;,. {.,ntr"r') nd..ut!'~'-'\l..ill'~; !I!ld tlHI':U\lvllnl" th.'r(.afll'r, at th., option (If i'...llld ml;rt~ll~'"'.'. \\ Ithollt nutl' ..,,1' ;!.-!llilli'! ~\Iil flt la\\ (Ililt l'pntr. may lw PI;,!\;'(:llt...d l\,'\ If ill! mOIl"Y'" !',,,,'ur,'d ;lO'fd),,' hild m:l!dr..;j pnor lo it., il1~t. :llllOIl lh.' rnort~:l\l("" rnay flln{:l(;.~,' tlll~ mnrl.i<i:1W". iLl! to thf' l'ImlJ~i11t ~, d"llir...1 ,JI;" ;,lid Pii:.'"hl.'. Hlid ttl'" llilHI pr,':nl"~ ,halll;.- !VIle! ("'-Rtl",f)' i\nd r>:H' tht" ~l,i;1t' t"~1 \1;.,1' w:th ('fi~l.'-, I'-<,p,,'ni\"~. ;-;1',,1 al!"W.':l"'~ In (~A~.f' of Jh\rtlr.d rf'lt;:ln.~1.Jr\' of th~;~ !nortJ.Plg<<'. tht. 1nnrtv(\.~~."d plPn)~~\..", ~~!an fyt\ ~oJd ~ldJJI--(;: t. Un- ~iH: t:nUin~ it(-n of thl"; o)(:rtl.{."'flt" f(Jr tL!" f;nlol)tlt of th.-~ dr'bl not U'p'n "u. fHid qnpald In ~\l('h (l\o"'J;' t!-i~' ~)rl. \ ,~ltJn~ of thilii p;irB~rg\lh may IIl{aIn 1:0.' ~,,'\Ikd of l.hi'f.,alt"r fl"ln (1Il11' tl, tm\!' li\ tho lll"rti{liY'" ' 11 'lhf\l. tLt~ n~ffrt~iJili'f \\.111 I(!\"t:' Hnn~t'dli\tl' 1~f)!l(~ by nlil;! I,: ~~H' n~'irr).~~!if'" I~f ,jnj ;,'f,f:\..\rtI'l\ ", t rfll!,,(,_'r. Of ,'rtRIlJl." 1>( 0'.' 1i"l!'.hlP of UP pn'Ill;~' '" I~, Thllt f,(1 WlliV"r .,t 1\;," CO\'_'f\l!:nt h"'{'lr\ ..r of t!l(' l,l,li~atl..n f.'<.'!II'''Il IH'rf'iJ~ ",hr;i: a! itf!', 1:'1~' tht'rf'.1.ft.PT lw tvoh~ t(1 t.),f' h v.j);\'j'r "f th~ t~'r(q.~ h+1Il:."'lI! qr nf th,' j-l'lti' .io;r" ~JJt_.d }",t'\,L\- - ___.__~._~~__.~--'-=.&..Ot~.~~""'~~-""" ~~. !K h!&~'ii~b.4 ill ~~ -_ i'&l: l ---- -...-. - .2!lMl. lilIiti.ai ~ -