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HomeMy WebLinkAbout2284 ,~ . " Ii.' , 1 fwd llL~\JriiIH'" I'rl'llillJlll~, ,1..~ tt... CM,(' lli.i!i hJo libch ~t....tJ il!l;~t t..., rrnllll'd i.y Ihl' 1ll\'rtRiI~:n' "ll tlllt"'''lUf'O\ \>&ynH'na to be nUl,'!.' "r lh.. rn(lrtll~i'or. 1f. ho.....('\t'r, It.l' monlhly pl\~ 'l1.'fltJII 1!1A!il' by lin' i1hlrl",~or uodrr I b) of par 5.j(raph 2 I'rl'('edin1t Bh&ll not I"", tumcient to PAY iT(.Uill! TenlA, ta...... AlId A~MA..\!lH:lll.4 and IMUn\Ij('t.' pr"l\ilt1lr\Il, Ill! lhe C~, nay tlot'. i>lh~n th(' f,lUl1t' allall I~'>("D..' due and i'Ayabl~, \iH'1I lhe nl(lrtlCl\~\)r l\hall pllY Ie lht' JIl{)rl~i\8ee any llfllOllnlllN'f'3&ary lo milk., up t.he tldkli'nc)', (JIl er t..f"f<' 011,' dlllf' wlll'li lH'Yi1Wnt of I\ud\ ~I(,und rent;" tAI..~. &.MCUIl1t'n~, or It\lI\HlillC(, l,rer<-.ll;lI\S IIh..!! b(. 11th' If at An)' t\IT\(, thl" mortgRguT I\hlll! tt>nd"r to thl' i1iJ)rt"il~~ ll\ l!.ccotJ",nl'(, wIlh the l'Hnuwna l,r th" Ii..t~ M'('!!r...\ hl-Tt.b:;. fuli payment of ttu,> entHt' lnd~'btt'dn..M rt'pr~-l\l.....i ti!er~b)'. till' mtHtgalli't:' "!.lOll, If I (0111. r,utllllC tlj(' I\ll\ount of Iud: .l1l<h:bt"..-illN~". CH.JIt t.u tilt' J.C(\lunt uf the nwrt.ij"ilill}f All Pl\YIII\'l\til/!\lI(h' untll'l th.' r'Tl!,'Il\\"nll of (a) lit p&ti4{rilph 2 ht>n,,)f ....hH.h th.. HlOrliaa!''t' hu..'I n(ltl~'t-(JnH' oblig,\lnl tl, 1'1\\ HI lh.. Ft'dnill lIol.l!\lfl.ll Comm:~lOnera/ld any balAnce rCilHlll\lfli!' In till' fund8,llCnJll\ulati'1.1 und..r th.' I'ro\ 1!lIU!\," of (f,) of lUIHI parat{rAph L. If thel., ~hl\ll be 1\ di.'tault undH uny of th.. IHll\'l&iOl\Jl of thu lI\IJrt~"lli'. ft" ~IJllini in 1\ puLlk 1I<!!e of the pr<'miSt't'I (,o~'('TI....1 hl\r~b)', or if lht' iIlort${itil''o(' I\c..jllirea lht' pmpnt:' ()t!lt'r- \1>1(114' ,.fvr l!('!l\ult, th.. nwrtglliCl'l~' l\hllil Appl)', at the lm1\" (If lhl' (omrnt>n(t'Hldlt of 8\1ch I,r,.)(('('d11lI( ".'1 at tf't' tHllC lhl' l'ml'~~.ty i.'\ l.therWL'le aC'lIJ,lrt'\i, the tJaIAn,.... Iht'11 Irrnalllmg ill the fl!ild~.c('urn\llat,'d ul\dl'f Ib) ..f paragrAph L Pi'"q~l.!\~ M 8 CTl'i.1lll\gAilu,t U)~ amount of prim'ival tht~n Htnll1llllikl' \lll..aid undH u!(ll\ot~ &nd shaH PWpt,rly adJUAt All)' pa)pH'nU which j)hi\ll haw lX-':lI 01J1t11.' UIl.li'f (a) t)f 8-!lld I"srli~1 Arh. ". ThAt he WI!! pl\)' al! tAx,'"" llM~i\Amt'lIU, watH rs\('".. and otht'r il'o\"'TnlTlentJll or ll\\l/lICl:Htl,hargdl, f\ II 1'.3, or lmpoailH,H\Il, f(.j which prt)\,l.8ll'n hajJ not bel"iI mad" h('T,'lnt.dorr, and III d('fault till'fi<Jf thl' mort. gag.,' may pa.)' the ~arnl'; ilnd lhat h., willpr\>ml1tl)' deliver th,c (lft\<'IAl T("~('lpt6 th",dor tn 0\1' nf'rtK~j{"" [) ThRl hi' Will ~'fll\lt. rommit, or llull~'r 110 WASt", imp<llTn\('rit, (If ddulOrr.t:nl\ of ~i\:d IH()I'>t'rly or Any P/\ft tioen..-": and III UW "v{>nt of till' falllJP: of the morl~:4Ctlr tv kt'el' UH' buildli\ll!! un ~Aill I'rt'Il\I~"~ ,wd thllll-~ to h-" I'Tt",t,..1 on Mli\ I'rcmI8'~, or Improv"rnelltll tlH'rf'on, W KO'J,d It'p~lf, tht nwrtl(lij.{'l' may malu' .uch rcpairlllLq III It.ll til~cr..tlOn it may r1t'...../l1 l\I?Cl'Mar)' {Ll( lh., prt.l~"'r pn'1!l'r\'l\t,on thernd, Hllil (11" f.lii wn':,u.;~ ;_;~ ui;:h and Hi'r)' iUtn pa.)'filPlIl ~halll.>t? Immt",-liat(.jy due Jlnd p.l\}a.blt', ..nd "hall 1)(' l\t:(urnl by thl' 11','1) of thl!! lllortlCns('~ 6. That hi> w~n pa)' all Ilnd !lIlKu!Ar Hw C08t~, dll\Tg€'A, I\nd p),pen!t:'A. Intludlng r..!t~:'n[\"l, la\\)a's {f'i.'1I, and CI'lalJl lIC ahatradJl (jf 11th, lnrurrt'(l or 1~1.ld at Any tm\(' by Hit' lTll)rtil&){t~' t)o('-<'A\I~" of tii" flltl!)n~ on the ~\Jirt of tilt' nwrtKliiuT prom'ptly And fully to p<-rfOill\ the ngn<.'llll'nt., 1H:l1 con'I1E1ntll nf Bald pf(lrn. lU(.ry Di.Jt,< and thlA OI(lrtl{a~('. alHi Mil! l"'l\StA, ehMiNI. Il~d expellM,jl 8hllll t..:o imrn"".Ili1tdy due and PAY, &1']t' ..lid ahall b..' t.l'Cllrl"\ by U\I' IItllO! thiS llIiHt!{ast'. 7 That ht' will ki't"p llH' impro.....!{,('ot.'\ no\\-' ,-xisllng OT' tll'~af,l~r Nc.;:tNI (Ill tht. rnortl'{a~l...i prc'p"fty, IlI.."un....1 M mAY be r.....lulr....\ from llm~ to tlllle by lh(' rnort;{a~t"" a~aln8t lOA!! ll) !1H' and ether halard~, rlUlul\ltH'Jt. llnd cI.ntli\g.'I1( l("l'\ III :\uch !lmounLs glll\ for such p"'! Il'd!l a..~ mAY lx' rl"llllrl~d by rntHI~llgl."", ami will pay promptly, wt,H'il d~J", an)' pn'nllUf118 01\ auch lTl.surlllWl' for pS}TIll:'n\ (jf which prO\I!'.IOfi hall not h(\\'n made ht'n'lI1iwfol". All ili~ur...nce ,hall be c.arTl€'!.i In conlplllH{'a Ilppro\l',d by mOltiidg<,~ and tJw pohclt'$ al111 rI'IH'Wi\!g lhnf---of ~hall be held by mllttgllg."\' and hEl....l. I!ttad\hi therdo Ji)~.~ paYl\ble daMt'" \Ii favor of and III fonn &'cc('ptAbl,' to the lilor\i"g,"" l., n'(,ilt nf 10M h.~ will gl' t' iml1H:.,Jllllf> 11, otic" br mAil lij II\Onl{i\gf<t>, And rnortiRl{i"f' mllY malu: pro..')f ut 10M if not made promptly by mortgAgor. I\Hrl i'Arh InSUfll.nc<' compony COIH:..rnf-d I~ hl'rl'by AlIthorize,,j And directed to mnk~ payml:'nt (ur euch ~~~~ dIH't-Uy t'-l tnorlJ{ag,.{. ln~t('ad of to rnGrtl{l>,l!or and T1WftgAgt'i' JOintly. nnd thr' insuranc{' pru(,i~d~'\, or any part tiJ(;f(""f, mAY be applied l.Jy nrortgag('{' at ltoe (jplion uthn to the (eductloll of ti1l' lIldl'bt~'tin('.3~ hep',l;y &~uf')I.1 or tb Un' rcslorl\:lon or r<,palr of In.' prOpf'rty dJ1!/li'lg'cd In f'\ I'lll of ror;'(I(>~l.lr" of thl8 mortg~t' or Ot.hf'f trhnAfn Df tlti,' tll Itw mortgl\if~ pn)pt'rty in i'Xllngulshllit'nt of thl' ll\d.-hlt'dIWM M><:Ufl",j Ih'rdJ)', all right. tltle. and inlN('lIt of th.. ninrtirllgor in Alld t{) all)' ln~uran('~' p<)lldi>~ thf'1i if\ {orr~ &tall pu.a to thf' purchMH or gran too. !{, ThAt V\e rnoi'tgagl'<! Illit}'. ~t ..ny tlmt' p~'lllll/lg Ii &ult IIp,jn lnlA mortgll1(<', llpply to the court hI\\" lntc )urllHilctlon theft"_'! tor thl' &pp~)intni\'nt of ~ rl'1:e!\'I'T, Ane! llurh (Jiurt l'ihan (uth.... lth 3PIl<J1lll a Tl~(>i\'cr of lht.' prt'rnll\(':S coverM hHt:by an IInd ~ll1g111I1r, lncludliill all and s!ngular till lnCOn\(', proftlll, IMl.H'4. and T\'Vl'IlU('fl {rom v..r:llteVI'!' e.qlJrc€ oI'Ti'ie-.i, l'~ch And ('very of which. It l't'lnll (')(pr~liiy umi..r. ~t".{>d, is hf.rdl)' m')rtg8.~e..d ;l..I\ it lIpeociflc1!.lIy A('l forUi And dl.'llcn\J("..j in tho: gTal\tlll~ i!l\d ha!){'/Hlum cIliu~t'!\ h...retl(, and fwdl n'C(>IVN ~hall have I'tll thl' bn.>ad And ('!Tr.dl\'!' fUllcllonil find I--'t)wcrs !I\ hny\\ . Sf' I'/\trulll<:;j by l\ (O'Jrt to a. n-':-f>l\"'r, and lIuch I\pp(ilntment shall t,.-. m,.d~~ by 8ufh COllrt A.~ fili hdnlittC',-j NIU!ty And e. malt.'f (I( Ilh~)iutt, Tight to l!lIld 111()rtS\'l\gl'(', nild Without rdN~'lln: !u th.. Adf<liJ8C\' (,r lnad. eQUlV.;)' of U\!" \'alu{' of till' pror~.'rty rnortU:<igf',d or to the iwl\'.-'nc)' or \n5uln<flc}' ,.f ~,'\Id r!iprIR[.itllt ur tht' deft'nd1l.ntA. find that auch not!., pr1)htA, lIlCOfnf:, lM\lN. end re\'t'Il\J~ ihail lJ.e <!~.plied bv Auch f('(.'!VH ~c-coidlnA to Hi\' Lt'I) of thl~ lIlortgAj\., nnd thE' prs.dir.~' of such court In thr e~'('lIt of any ddault ','Ii thf part of t..1:e rnortga~(lr fll'reund.'r. thi' lJ1orlgi\i{or 8_n'('" to PAY to tlw Olortgal(('(' on dUl1l\lld al! 1\ H'aY'no wi... m~ml_h!y iI'rJtal for Hit' pft'n\l!WlI ,,0 a.mount At Ie"! t"'luivll.jent tll Of1l'-twE'lfth (~Ii) of tiH' fill~lq{att' of the tWi'.jvr' lJi'Jnt.hly IfllllilllnH'nts paj'ablt> In th{' th('!l current rea.r plu~ the &ctual amount of nil' iinnUIl! tA:l~1 1lU{~flll'nl.3, .....,;ter rlltl'S, !lnt! in~UrllnC(' ptf-fT)IUI1U for lueh yellr no~ fOV"ft-d by till' ufo! t'U1\.! monthly pA)'mentA, '), Th.. Ii:ur-tl<:dw'r LlrtL.:r \'oh'llftll!.'l thilt lI!wuld thiS rnortvit~' flUe.! lIil' [1\'(" 5{",'-'III"\ h!'I,'L:- no~ l~' .-I;l{ibl.. hI' lIi~ur;:nCt.' und':l tht: ~;3ll()nal Hr;u~tng Act withlfi '/) dnYG (r(.m th' dats:- h.'H'o[ i ,..'r.tt.n :ttatun.'nt of any om".'r of l!il' Fl"h'rai lIolHllng Admlliil'.trat",n or 11IHiwl!71';! fI~l'lit ;jf th., h',krlll ll"u-"ln~ ('1,mm:'_,WIi,?r dnVd "d..~'<ju\?1I1 !(j lh.' "'~:,: t:m.' (r,,jH tlit' dilt'-' of th;3 rnurIKaj{1.'. <I...,lud!ll{ tn HiSiH'-, ".-'l!d notl' ll.nd tiilrt rnortv.iij{!:, b"lIl2' dl',:nwd c/jl1du!lI\'" pr'ji,f of such Ill- . hl<('lbihty), tit.:' 1I1')rtgag.... or tf;r- hujih'r of the:' nol{' rn"..., l\t II.1i uptji.n. ded!>l" all l!llm~ I\-J:cult'd IWTl'by Immr-.Iwt.-ly dill' Rnd JlH)'i\b!.. H), That ((j) HI till,' f'\ ('n! (If an)' l:f(';uh .,( thi;; Ilwrtgti~!' or dl,fau!t on till' part of th.' I!\Oi t:ril~"r, or (11.1 in lh.' P\Nit th1\t an)' of !gld ~'lln'l or mfofi('Y hHI'!fl Idi"frh1 to I...' not prollll;tl\' and !'1J!iy paid With- out d..mtHi!! Ilf Iwlll::", OJ (l") in thp l",ClIt that i'$~('h iind i:.....ry tiH' lItlpulatwnl'\, iljlft'i'rnHit.8, c(l/.diliOnJl, a!;d C!l\o.8nt.'! of <,4111 not.. Rnd thi~ rrlOrt~!\Il'-', ar.. not duly, pl"rnptlr, afl'1 f\lily \)('rhrm.d; tn"li III i'itlwr or all)' t1!l<:h "'V'.'!it. tit.: IUlll "gll'rq{iit(' i1um rr.e!il,lolie-d In 6.!l,HI not.' then n~;lil]!.lll~ \,.ll~pAJ(1. WIUI m!f'T'-'!lt i'tccru,'<i to that tlmt'. .filid all mOrH'j'A &t'<Uf(..-j hN'('by. shall ~>(..:(ttJw du(' l\..d p,.yab!t~ forthw:lh, or tt,,'r..[~ftN, ilt Hti' Opllilll n( l\ald mortgagee, lUl fuil]' Rod ((.m[llr'tdr ~lIlf fill of thl' Mid lHllnJ\ of mOllf:')' Wi'n' oq,pn!!lIy !\tlp1l1I1te..-l to b~ p~lfl on aiJdl rj,ay, lnythlng In Ilsid 11(..ll' or If! thll\ mortlll\i(" tJl til,' nHitnlf)' nntwlth!!titndlil{(; And therruwm or ther"Aft~r, At U:t' ()phon of uid niOrt~.trP.-t'. wltho<.:t n(!tk-... or dt'InAHd. !a.Ultl\l. iaw (Ir HIl:''l\lltr. ffiA)' 1)(' prf>S(,"{'utt'd ~u If ill! m"rlf'~'1\ M:Cur.d l\f'rd.lY htHi w.Btun:d prior ti.l ItA Wlltl- tutlOn The rn(1!t!{f1g-l'i' fn!lY !or('<:h~<, .tlWI ll1orti<Ci!~l'. M tOYI;' arliO\Jnt!{) df'oClare,-l dup and pa;:abk, \till! tI,p $.illd prf'flll!\f'tt sh.all lx' Mild to Ik\tl.~Ij' and I~Y tni' lJ.l\/li'-, wgd.her with fo"t~, I'XI)(lHF'!!, And Ill1.'WiHJU'~ (Ii 1"1'1\1,' of p,.'lrtin 1 f 01 ('d~H~U rf of this mortgage. tlle mortg'4l'l.-.:i pn!Tlll~Hl l!hall tl(' &old itub)t"Ct to tll,.. con- tlliUH11<' IF'n of thill mortgs~., for th... amount of th" ,kht not HH'n dut' and lllipi\:d, In ftuch Ui5(< U,~ pro, \'1~lOllJ\ ~lf t:,,;; parl1iF:\ph may l\1(a:n b{. i\','&ilf:d of tlrf'r.'Aft.'r from tirn{' tf> tinH' hy Ihe mi)rtK!i~t...-, ! J That tLe mortgAgor WIll give imtri!'d;"tf' n<JtlC1.' bj' mild to tlH' morlg&Kf't!~ of any c"n\'~Yilli((', tflUIllft?:". Oi chi\/iiCt' of 0\\ lle<rilhlp of the prt'!111ll-t';If J~! That i]f. \\-'al\'H of AllY C/)\'HIAnt lil'reill fir of thi' .,bliKatlon .('>Cur~1 h('l-eb} ~hllll At ;;,ny :lfn,,' tiu'h'a{t('T I...' held t" \,... ~ ....aivpr "f tb' t...rTH5 hl'T;')(j! 'i, of ~ h',itf' l>eeur\,,<! hr'lebr ~ ' :-.:~- .::.~~--------