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Home My WebLink About1823 '~:-;:' .... . '.. ,:_:.:.;:- ~: .: ,.: . . ~ -: - ;". ,- ~.:_i::..;.-~;;.. :.:...;;c::,,:: ,--.:' .~:.. -. :~. " c:: ~ . , A ~;,. , I 4~j !.~~f 4~)1 U-I)d.er (b) n' p~ug'nlph 2 ~H f'('c-ding l\n.l.! fhtl. ~~~lf~ \9 ""r ,fi'lHmd t~Ht3. I&H~ .lUld ~H'nu And Ir""2f81;';c pll'nHUm^~ i\II lh(. ca.~ ~t.hJ; l1v~'~ ~G. A.k~1l t<<,,-mw Ju~' Al\d I",yabh-, th{-I\ tht, mortga~\lr llhall pA}' tJ.) tht. mortl{a~ !$IlY IUlv<unt ntxt'~lY to mllK.c up Uw dd\dt>oc)', 011 .Jr helOT':- th~ dJi:(' whl.'1l l-\A)"Iili'nt. ot .u<!I {(ruund rent4. t4J.M, IH'''H~WI(mt~. 'lr inAurIlO('>/, prt>m:UilJ& 3hall bo(. dl.iI:. it' At an\" liTO'.' the 1:,nrtgllI(IJr "hall t~lld~r to Uw mortl\~ in lV~tlr,lam i: with Uw pro\" i OJ!OI\I) ot tilt' r,ot.e &t,(,l;f~...1 h.-ri.b)', full payment of lht' a<tir" inddlt~:lli(-N1 repH-a.<:'lIt.t>d thet-ebjr'. the morts:p.bff" 1!hi'lil. Iii COIn. Plltwi tb;~ an:oulIt of such l:lJ.:.htt'\lneM. cf"t."ht t(.the a('t:('~;nt of th{~ mfHtj~gur aJlpaynH'nla llllid{' unlit'r tht, pnwi~i(lll~ I)f (11) of pMa.alaph 2 h~l{-of whl<h the 1H0r4t~t'f' hILl not lx'C()m~ t,bhglitf;'\i to p.:i}' to the Fe.if:'!'Al !!ou~ing Commi~ioner iJJifl ~:; balllflCt' tt'lllsilling in the fund? ..((un~Hlllt(-d ulHh~r tits. IHU\1~ion.a of (b) of 15.... Hi pAraauph 2, If lhni' Mall t.>t. a df-f s!U1t unapr Any ()f thl' prov.r.lOM of lh I" mol t '" ,lilt'. r~ ,wltlng in i> pubilc aalt- llt the JlrN!l:r..t;a foven,l fwrdi), or it' thfl moHgllllf-e A'~'ltilr.8 tilt' pr"l't'rt). lIthH' ....-ii\t' a!tt:!'" d<:>fault. thr JfltHtXAgf:'\' lihall If.PP!), ~t tht~ lime o( tht> C'omtlH'IH'l:'fllN!t of /Hldl pr.l('....,dl!li(,~ lir at lh,. tlllil'! ttl" property i" otht'r;; l.."l~' Acquir....!, th,~ ba!ll.l\l'e tlwn It'lnlll/llng III th,. fllll.IlI i$'C'un;uii\II.d uiakr (tl). of par!l8r~ph 2 pn>('('{\illlf M." tH,dlt l\gsPl.d tlw i\tTwunt of pdt1npAlthl:1I rt'lllulIllng unpaid under Mal nott.' &lld ahAIl pf\lp'Hly ndJu:l~ llny $,~ymentJl whIch "hAll hllVt' Li(.,(,'!lll1!Vl~ undu ((1) tIC !aId pDI illUitph ol, Thllt hI; WII! p.ay ali t.llxe.a, M1H'>'\ArnentA, w.t~'r r3t...... and other p:('Vernflh'lItll1 "r nl!1n\r iP") ,:j,(tr~"~. flne,1, ilf' lri1r"'~ltlt)Il11, ft'r ....hid. \H'.I'.IRion h~ not b.~n IllAd., hndnbt'ft.r,', Rnd iTllkfltlllt thUi-<',f tl\!' Inort. lCl\lft"t' f!1&)' pal' U..' lI.AflH:'; and that tw wlli tJfompUy ltdi\'~r ttw offICial hXt'lpt.s Uwrdnf to H1I' n~f}rtf!iI!{l>t! f" Th,-.t h., wlll ;><'tmit. commit. Of !'llfft'r 11" w~t(>_ impalrrnHlt. or dd,'l'InratlOn of ,\ill.! prol',='rty fIr l\!lY pari. thN.,.f; And ill thf' t'\.'nt of thr. !aa1un~ of tht' rnortj{t!Ror to ).:I"'P till' bulldllllO 011 'l.'wi pr"fHl:<"i\ ll.lltl \i1<....t.. ttl Ix' I'n.'\'tl'd I'll ~a:d pnll\l~t''l. ..r imprli\"i'llH'flL,\ titt'l"t'"(,n. i.., ~.,,:rJ rq.alr, th.. IOO!! Kay...' Il1ftY mAk.. Bud, n'i1Alr~ tl..'1 I;; It.' dl!lndl'lll It :l!fi) t!t~:ln lit'f('uary for liw pr<J}'X'r I'r.'fIH'\'lU Ion lIlt'I,'<.i. )If"! th, full aro"unt of "i\ch and (l.!'rr !ludl p!\)'(l$<lIt shan t.., Imnw<Jll\t.-h (\La' i\lId paYkbk, ilnd ~hall I..: !\(.'>.:\H",j by the hell of thoa m,:rtl{El.lll'. 6_ 'i'hai h~ )\iil i'..~'-' an l1i-nj ;,in~iJl~; thi: ("i--.;t4~1 rh;;r"i..c'l, 8.Ld ~'xpt.'n~t'~l includlli~ t,."a3(;f1ilhlf< 1/\\\ )'t.'r"s ("('.!!. and co.:" t1l i,f it b.~ t r I\d.~ of t I tii'. I jl,: u ~ n,\ or pa Id Il t Ii 1$' t i lIlt' L Y t!{!, In,,, t K lIl\l'(' t...,: Il!l :\1' I 1ft h I' L,ll tI r . Ill! t1H~ p~rt ot the nwrt~l\~llr I'flIlllptly and fully tf! \w;(orm PH' RI(r,-,'Tllt'IlL'\ l<nd r,,\,'!::tnt.~ (.f ",ud pI"':;:' INk)r)' nott.. al.1i thi;\ rnortj{a~\', and &fil(! C"J-<;t.II. rhiH~I>;6, awl .'X.P\'il!lU! lIhl1l1 })4' :!lInit'.ltntely dUl and \',1\ i\,b!t; .wd shall t;",' ~"(u 1('(1 by Hll' hell of th 18 rnortgsj{11 'i. Th~t hI' wili kf'l'p thf.' impron'nH'nl,'\ liOW f'X\Atlllg or ~H'rf,~rtf'r d(,<ted Oil thl.' ILi'rtKa~t"",l pr"l'Nt) lilA:Ht"i "-'I mllY t.... r''''1uirr<d frGlJl tllTlt' to tlm.' by the l!1orl!o{rijl'''' a~lllliiit I,~,~ by fHp and otlwI h:lllH<j,. c~"."JlII,l'.,,'S. And ((,ntlnj{t'n(I(~ III Rueli flllV'U:;l.,i and for sud. IH'T1I..ls i\..'\ may I... rl"j\lll,..j b;' !lH>Ttj.(';'K'~. IUHi wlli PAY l'r.:)t!l\'tlY, ~.til'n dUt:: i\:ry PH'IllIUf:lEI "Ii, ~l!ch !n!\IJriUl("" for paYII"'llt of \\ tilth I,...tll..!~l(;ll haJl not lJ.i.ffl /fIal e tlNI'lnhl:loft'. All 1I1'!Uf/\l1l'I' !\halll". carlit'.! ill c,'mpiHill'1\ ;,pprll\' d by nwrl/{,ljl"" ilnd Ow pOh<'lf~ llnd Tl'npwala thl'l""( :lhrtll t'\. hdd ity rnortli:f\j.;'4,' alld h;i\.' iittachf'iJ tL,'rd<l l,,~.', 1';1\ ,ddl' di\UM"J' lTl f~;'0r ()f :HHl ill form a':".'ptahk to tht' rnortj.!ili(""(' III I'Hnt of If\.....~ t... wIll ;l'1';P I!LfJ','di.,ti. lintlU' tJy /T1ll1\ tit !T1ortlla~,"~. "lid n\"rtf{ilg..t' filii\' mi\~T pn){)( of l(l~'" If not Iliildl' prllrtl!,ti\' by n;", :",11(111 and .'l\('h in.!luri\l1u' ,(Im\Jii!IY t'l't,ci'nlt.d I!\ tit'rd.)" fI\Jth"rllt."j 1\11<1 <ill n.t...! Ii> fLa\.;.' 1'.i.\"!JiUl! kl :illd, lo....~ dlrt'Ct!y t,. nll,Il;{i<i{t'1.' m&t",'HI of to m(Jrtj.;i1~'.)r !l1i,1 mortIP\j(.<(' JOll.t1y, and U:;' 11l!'\IJUH1Cs' pr...."",!." ill any pi\rt t..h~'r~""{)(1 fllH)' b..e "ppbed by r11(!rt~;ij.<~t'(1 fit It.S l-;Jlill)f; (l:ther to ~hi' ft.-dut.tJon it! thto :"d't.,~_..-d!it--'~ heH.by !{-(ured or to t;.,- rt'!\tllratll'll or np.llr (If tlil' pr"'l,,'rt)' dHln"x",j In ,,\ "Tlt fir f,'r, cln:;!ll' ,.f t!;" murtgaS{f' ')r oUlI'r In,~!I<!t.'r of lltl., to U.... fllt,rt~ilXI'\l pr..p..'rty \Ii 1,.,tIL~Uli'lhn1l'Et (,[ the ilid. 1>:. ,jn, ,\,- IlHurf,d ~H'rd)y, all rlio\ht, ut!,>. ilnd lr:lt't..-~t (if tL,. nwrtgaj{ur III and tfl any illtltHall(" 1',,11(;'" tlll'll in !,'rc' ilhall pass to tll" purcha."-€r or ~runkt'. 1:\, That Hw I!lOrtl(l\j.\l'l' 111<\Y, at any tln\!' p.d1diflllli gUlt liP,'!' tin'" murtll.l\I'I'. nppJ" to !I'd (.)lJrt ilih lr,g )1.1!14dlrliOr. lr.l,n",-Jf (or HI!' apP{Jlrd..n.f'nt of i\ 11'-(0'I'..'r. ;tnd IHH:I, Colllt !!1:;Ji f..rlh',,,!t. a~,!p..'l\! " rt:'<:~i...-r of lh(. pr"n)ji\e,~ (o\l>ro'd hnl'hy all Rlld "i!lKular. illd!ldlnx all 1\1\,\ !l11l~l!lar !t". Ill((.fJ.... pro!;b i1J.iltl"tl., ",rod fI'\"l-'liliI.'3 fr"lll \\ ha\l'\.!r !>ourcp d"rl\"l'd, ,..arh and j'\I'ry cf which. It Ll'lli~ f',pr,".'''iy U!ld.r ~!i.",'.d. \1\ heTt'hy m'Ht){j!;;{t'ij iLl'\ If l<p.'ciflC'&lIy !'<d furth and d(.....:rdoi'<! !I; th,' II'nl/~tlni!. [\I,d hai....,l1durl1 dil!)...,. hf.t(.,,f. i\nd !lurh rt'C.~i\"'r !!!1;:1! La...!. !!.!] !h+' br'.'''.J anti dTf't-tl'Ol' (un('tlii[i~ nl:ij po....pr/! IIi /ill\'''' l!ll' !'ctf'uat.....l by n court tn i\ rt"(el\'l.'f. and !iurh apr,ollitnwnl i\fu.li i,., mad.' by 3'Ft. l!Il1r( a.~ all ildrn;tt. d '''lti;~)" i\lId a rnatt<:i ,,{ al.!\-(.llltl' right tn ;lIi..j J1\(1rt~a)l''''', ilnd \\ I'Lout [('fl'1"I\(I tl! '.h. "d"qua,'\ Of :l\ad PijUlt!. y o( thl' \'~illlf' of th,' pr<J!,(.rty m...rt,ng...i I,r t.. tho, !iu}Y;'nc~ or ill~'':'' !'fH') pr .'.\j,\ friLl tll,,):."1 "I' \1.. .ieft.J~d~H1L~, llr~rl thRt ~1J(h rt'nt.~. prpt1ts, Jri{'f:ftit. l.1\~\J~'S. Hnt! rf-'\.~'n.ut'~ ,olIhall L;..: ;,ppL..:! tJ!- ~tHh rt.(t-~\~'r ncct1rdln~ to Uii' li,'n (,f thl!! :norly,;,>(,' /ind tflt' PiM'!IC,- of "iJ.:h rOlutt In lilt' "\"lit "f .in:.- .ji.f;\!llt ":i tL. part u! \lit.. nH1rtj.{ftj.{<lr h. n'und;'r. !:'" tTl!lrt~p\.;.'l)r aj.(rt"',~ tn pR\' V' th' f1j"njo{iljll'l' on .jl'fllr,r,.j ;,,, ;\ l.'a-.,!; llbh~ rnnnthiy rt'rital !lir thi' p~-t'r~HSt~"-: an iH!iltlJnt C\t h"a.~t t_"'fii1l\'fltt'nt to cr:l..t\\'{llfth f I i...) of ttH) :q.{~:rt}~:,tf {)f t);(. t\\t.~..... rnunthly In~-t.-.HnH'nLi, ;,avablt. H1 ttH~ th~;fl curr.'f:t \l':tf p!~J~ tllf' a~_ t\Ld idillJurit (if t~;e. anrHid~ t.AXt~f;. .f~'_.AAlnt'rjt;~r \,I,at,'r ratt..~c;. and jn,~_!roil\'''-" prt'nlPJrri~ fur ~u(h !t'ar Jiut Cti....'rt_,d b) tL.. HL,~ t:5iild !nfJntiiiy ~,ayn:tlr:Li\. '.!. TI\l' nl{,rtj\elol:l)r f\.lttht'f (l,"-;;flil.lltA Ulld /'lhould thl1\ mil n~~lf(l,' fiLd tri" 1\("':'1"111."<1 h'r .,i;) l!flt Il'f' {Oil/.pbi., fijr IIlAUfilllC(' IJli,kr U,t ~'i~ttnni\l !i(;U'l!i,!{ An \'nthm 30 DAYS il"n, t/,. did.' r,"I,.of (wrltt':n ~tht('ll1l'nl of dny vttiCt'r of tht. Ft,dl'rnl llnusIIl" Adliilll;str,Hlllf] tiT j<<lt!:()rJl..d il~"'.; ..f th!' h-..df.ral J!O\.l!\tn~ CommiMlon':r datt'd ~urJ"\~i'H'nt to Ult." -<0 DAYS (illh' fr(lm UIl' d:';(" (If ttWi (fl()rlxiijl!:(', ch><:linifil' ti) Ill!ltlf" IIB-Id n..t" Iud lhlll mort~aj{o'. ("'ilii.( Il....rn...~ u,nrlll'\'- i' pr....f (:I 'Iud: I!', "Jiglbdity). thl' mortlllll("(: or thr. IF.idH ,A HI!:' not!' ITiRY, at It...'\ ".'\ion, d,..d.HI' it:! '\Utn~ 5'~, UP.! h"idJY immedIately JU(' f\r.d p.ay~.l>l(', 10. '!1H\t (,1) in tho:. ('Vl'nt of liny hr;'?ch of till!' mortllliK" or ,if.("'llt "n ti,l' part ilf ti,.. In!trtl{iill"r. nr (bl in t}", ,''.('nt that allY of lI5!id !l!Hna n( !!innf;- hi'P'l!i fd"rli'i\ 1i; I... nut prom;'!!)' ;lfld fuil;, PH:" \'dti,. out demand or l,r.tl("f', or (c) in Hll' (,\'..nt t".at I.'Jli::h And {>'.'t'ry th,. lItipulatPJI\s, ai.[lf,<':n"llt~. COllditlOllll llnd C'()\'{,I1!Hdi! Gf !\1lid not.' and thi^ mortj{8!(e, art' not dllh. l.,,,rnp\!::. Rod iully "...dlll u".,l; tlif'!: If, cllh..r or any tIJch (<\'(-nt, th.. I!&id a~~rf'R;.h' ~um fr)('ntiOnh! If! &",:d n(lk ttwn r"lllilli111't: unpaId. >;,tf: i!lt"f'<'-'lt a,:cru".J to that Ill?;!', lill.! all mOIH:}"!! ~,.'('ufed j....rd,.... ~hf.ll 1.......;t!1I' dlH' Hnd pll; aLl., f'.llthwilh, or tht'H'ilfu'r, at 11$' upt!;)" of IHiid f!1{Ir"tVi\Il"'l" iL'i fully and l'ornpiet,lr 8...'\ If rill of th.' !laid 1\U!l)'i of P"'Il"; wf-r~~o.riipnall}' stijilll!ih.d to l~ r.aid '.m Au,h df$'. E!n...thlllj.; In Ril!llli(,t,' '" ill thlll mortKi1;.(1' to) th,' ("ontrary n()t"'lltt,~tan(lill~; and tlWft:lli,()n or l1i('reafk;'. at th.. nptltill of !>_'lid :n(l(tj{!1V,'.... wlth.,ut nntlCl' nr rkmand. atill!lt llio~ i}f In '-"lUll}". may l~'" pro!w<:ukd M if all mNl"Y~ lI{"\:Uff',j hen!;}' hild nll\tur.,l pnor tf) It~ in~t;. t!JUon, TIH' rnortf(8K"l'<> IlHl}' fort'dol'..i~ thl'i rnort~ag{'. M tll the timrlijnt ~(\ dN IilT,'d dUl' and pi\\'ilh\f', And th~ lJ31ri pr'!rn!!H~ ~hllll t}{' wf,i to aati~f)' nnd piW tIH' ~anlP t.,!Cdl1!'f With (0:\1..'\, f'X!W!Htf'l'\. IWcl ill!n'AiHlcP"; In (,A.OU' of prntlAl fOrf'<lo~url.' of thi5 illort)(i1f,t.... th,' rnort~"ll."i fJn'lni~w!'\ "tullll.., 1'011.1 ilubF"ct to tho' (1,11. tiil~ljnll !!<.'n ?( thi~ mortI{ll.gt' ("1 Hl~ I\moulIl of th;. dd.>! nil'. ttH'l! du(' awl IHIP/Wi. In l!'lch riL;.' ti.." fnt>, YI31'J,Hi or thlA p~ri\gTaDh Illay $\~alll b~ l<v;;.ill.'(l (.f thl',ea(U'r f[<j!n tlm., to tl!n.' II}' thl' m1Jltloiilj,!f'" J 1. That thr mortJ(3g'lr will l(lV' \mrnpdIAtt' nl)ti(~' hy mitll t'J tr'd' mod~A'/I'l' of all)' (f,n\I'Yllf,,(', tral\,f('r. or rhan)C\"' of own"f:'\tllP of !h,. 1)ft.'!1;!/,<€'; 12 That no \filiHf of AllY tOv{'lIl1nt hn>:.in tjr of the (,LlliO~tl(ln ".N',Jr."l hl'ld., "}lI,!! At allY time thN"nft('r t..~ hf:ld to ix' a \\'i\l~'t'f (i! ttH' t'?rHlIl h", f't)f Of or the j'i(ltt: jJ;Cur.,.J h{:r!:b)'.