HomeMy WebLinkAbout2068
o
o
CT . .'t'r i-'l,I..~1 t .i
,4 ) I , \.. \.J.. }.... \.. ~~ -, Irq :'l!\.
1>>\1 iJ~ phC'.T1iUU\l, .. liU' Oil.... na..,.k wdt (UtCfttl Ah&11 be cr~jlt.(..,J lJ,r tlll' m')rt.a~~ '.II! lub,lk<ip1tilQ\
~ta to Of ~ by t~~. If, b.)......r. U.e JOO<.hly payna:r,t,a m34it b)' the mort&~r
~ (b) of ~ 2 p~i.D' lhA1i DOt be tlUIIkklat to t*1 fl'UUnd i~~lt&. tu..., t\nd ~m~Ii~
t.Dd iNti~ ~ilPb, u UN CIiliM mAT be. wtwm the Maw: ab.aJl ~ due anJ paYl'.hlt', then thtl
ft)(.)~f ab&U p.lT to U. ~ ltJl.y ~t ~ to Du.b up the deftcWmc:)', em or l't!for~ t.he!
JA,t.;, -.h.n pa.Jl'DMlt Qf eud\ I(l'OnAd re.ta, t.u..... ft.nv~U, 01' Lnaw-anee pr~iUMa .h.J1 b..~ due. If
at anT ~ UN DIOI"tp(Uf M.&l1 tender kl tb. mortppe in ~ _U.h \M proVWOnA of th~ note
MC:"Ured~. full ~t ol UM eD~ ~ '-'PNlNntA!d u...nby, thE! mortp,a~ I.-hfAlI, ill ('om.
putina Uta ~Jlt i:1t.veil i~ t'ndit to th~ At'.(1:K.mt of ~ mc~r All P&lmtnit made und~r
t.M pl'QVW(JNr ad (a) uf ~ 2 ~ which the IDO~ hM J:jlX ~ ()bhrst~i to pll)' tAl tht.'!
"'~ral HOW!itla C.ornm~ a&d .., ~DCIe ran.&ininJ in th~ lunda a.cl:'umul.~i undt'r the pi'ovi!!iol\li
of ! b) t;tf uJd ~ z.. If UMre .aau be " c:kt:fu&t undttr MY 01 the pro~~ of thi.. mortl.lai~, re.
!lottiill' in .. ~ uUe 01 t.h~ p.rIIftw.. I'JO~ DeNby, ,.,. it U\t' mort.&~ tK'quir~ tht' p:rt)p..~rt)' (JthH-
wa.e attar. cktwll,. U\e m(.~ ab.aJ~ a,ppi)', at t.hc: ume uf 1he ~~~nt (Ii J.ViCh piO(:e(-d illfC8 o:;r at
tM timo~.Y " ~lM lIOqllind. tN ~ thea !VMainill.l' in tbi:' fUn~ lo\."'Cumulat("d under
(b) oj . 2 ~tn. .. .. t'ndit -..u.!lllJt the amount of prludpal t.hm ~n.inin~ unp.$id under
I&..ki Mto lIhall proper-Iy wjuat any pllJm<<lU..b.k.b thall have been ~ under (6) of uid paralluph.
4.. Tb.a.t he ..HI p&.y all tlla-. "IlHlFlClbl. w&W rata, IIJ'~ oth~r lOYernm~ntAi or municipal {hu-g'<';6.
~ or impolJiUon... tor which provi.l!iioo hM n<< becm ~ h4!N'inbrion, lMld in drlauit tnl't("()( the mort-
p,tft'Je rn&1 pay the ....n(!; wi! that b$ ~m procnptJ)' d.UYff t.M oft)dal ~ipUllh.f'~f(}r to the n;ortaag<<>.
11., "I'hat tw ..HI permit. c(.>mroH, (iT AUt'f(lf DQ wui., Un ptll l'"JMnt, or ~tioration of "hI prop,ert)' 0t
lLl'ly part UMr<<Jt: anti in th. ~t of ~ f"i}t,tre at the nw~ too k_p th~ huildin., (Hl &aid premilH.'.8
Md ~ to ~ ('r<<t.ed on Mid prw:rti.Ma. Of impro~ta t.h~"'nn, in rood f'f'pair, the mortg~t'\' Inll)'
m.-.ke .oct. repUf1I, M 10 ita dLKNtion it l't'.ay detrm ~ tor thf' proPfit pNSt'TVation thaeof. and the
tull &mQii,mt of Nell and ~...ery.-eh ~t WIt be l~ly due and payablo. and .haU l~ &e<urt'ti
by the hen Qf til.ls mortp.re.
6. That. he will pay aU &00 s.inaular the ~, c~. and iUpof!f\J.'fti, inrludini Tu.wnabl€ lawyt>r'.
f~ end <<IIIf4 of abetT~ of tH~, in.eui"'nd or ~ at &11)' Utnt> by till:' m(;T.t<<..~ l~auM' (;( th!' (,iiilur.c
(}n the part of \.be fM~r p~ptty IlJ1d full)" 'W per!otTtl th~ q"l'f't'ment. and cO'r'('nantll of u!d flw:n-
iawry oo~ L"ld th.i.l m.ortp.c\', a.nd aaM C'OIU, ch&l'J'e*, and expu:nMA &hall be lmm~HAtel)' d~!f~ aud pa)"
~ a.nd. ah&n be I<<ured by \hoe H4lln of thi. morta....
7. That h#.- will kMp lhi:! imp<<i",tm1~nU now tttl.etiug or h\lN&f~f efE<'led on t.h~ rOOf 4rP,gM prl)pt'rty.
lrAU~ M mal be N'!qIJind fr:wn time to titne by ltu! mo~t.pe ....ir~l 1063 U)' fire and other hazard~,
ca.IIH.l.&Jtics, .t.nod ('{It'lunarmCie(t In ll.X'h &mQunt6 and (or l!\l{'11 penods &1& may L>e ft"l:llilrt"d by rnl)rtgt<ff\~.
am! .ill PAY pf'OOlV~lY, wh~n dut'.. ~TlY p~i\lm8 on 8Ufh !Mu~auce (or f1&ymf'nt of which pf~iVlalOn nu
not. ~ m.ad@ ht;,~,.H'lt>fl'on'_ All iMuran~ ahaB 00 CA.l"TI~ !11 wrnpanle5 sppn:lVW by frwngAK~ and
thi!i poHdM 6J':'d rtnewda U1~noof ahall be heid by roo~ And tuwe attuhed thH~t(l klA.'l p.AYlibJfi
d....~ in favor 0.1 and in form ~t.&bl@ to Uw mortKaa'et'. In e"'E'nt of 10M hll) ",ill gin> lmm(..liattl
naUoo by mAll to mort4~eot', and rr.o~ rna)' make proof of InM if not m~ prrfttiptly b:;- mortgA.g'Of',
and eedt i1VU~ tomp..ny iXlr.eemtod l8 h~f,,*,Y authoria,ed i1nt1 dlf~;:-t~ to mAke f)lynwnt for eucn
k* "iRII.":'tiy w mo~.~ jn8t~-] at to m{)~.)r and mortg&.(N jf-'lflll)', and the iMm.nce rroc~da. or
any part U\~f'fOf, may be applied by nwrt.a'~ at i\.l option <<lUlu t~:l Uw n-dudion of the .lndl'bt~..Jnt'~
benby ftlCUnKl qt tJJ the reat.ofll.t}(1t1 or ~r of thE l?roptlrty dl.U'na~. In e\o't'oi of fNt<.:I(t!ur{' or thl~
!l)(}~ or ~ \.rJl.Iu!ft"f of title tiJ th~ m()rt&'~ Pr>'.)perty in ntin.ti\4.hfl~nt <}! thl.' l!J(kut('>.in('4~
i1l!.!I:UMld h~1. all rirtil, titH" Md inte~t (~t the mortp.c'or in and to Any I MUrAl}Ce polide! then in fOf1::~
aMJl pr.a to ~ pu rdluer ()T 11"Att*,
8. That the mi)~ mil}', .t ~ny tlm(- pendinJ; a lwit upon thill mvt-1g~gt', 5l)ply to th~ court h&l.j.
Ill&' )ur~ktkrn tht'f.t'd fer thl! APViintmt'nt flf ~ t'~~iv{',r, iW,~. l'ud~ ;:0\;(\, "hall f\Jrthwith ftPPo.intil
receiveI' iff ~ prulH.s~ ,"OH>red hitn!hy aH ~nd ~1D'\Jln, indudwI &11 and f!fliu\.$r tht' incowe, prom.o,
~.5. and ~Uell from wh.al€VeJ' .~roo oori.tl\lll, ~h and ('!very of 1>'hkh, it l}(!ll)g o;prUtlly lJflt1l!T-
Bto<.....l. is tw..reby ft"~~ u if Jpet.ifk,a.Uy ~ fQrlh and o*Kdti<UJ ill the ~lantillg and habendum dauM:1>
herrof. and !\.Kh r<<:"'i....H _h.-Ii h.ave aU tn.e prt>ad tond dYedive functlOfii arFt poWt~U in anywhw
~f!t..nuW by a ~~mi, W II ri!'-tdver. and f,l.Ich appointment Aha)j be m~\1.lc hy !luch (OInt a.~ an adlmttw
equity ttn.J " nutk1' of abillolute riiht to J.ll..id mortgAp, And wlttwu!. rdH<:n~ to th,e ac1t'(lu/<(j" tlr mad.
eqUAoeY of thtt value of the property mort.a~j or,to the a-olvenq Of tna.oh"H,{:)' of ~Id mQrtgagor or-the
tktendant.a. a.nd ll'l.ltt Jueh r~nu, pm~tA. ifKO'ffit\, ~IK"", and N!V\.H,U~ .hall t.'l! &PPllOO by 11u:;:h n"1:f'I\'er
aeror~h:\~ to the !iN) of thi! I1H)rlirqe Mid t.h~ rHa.:tk~ oi floch wurt. . in tht~ e\;('1lt of an)' d~f~HJlt :,.n the
~f1 of t.h~ morltl~ol' hN.'f;t.inder, tht! ffiHtpjfOf ~~ to PJiy to tnf! mortgi\il'e on d~miHid ~ i!. r(,2l.:~on.
abk rnotlU;iy rent,,} for the fireml.e;~ an vnotJot $t !&&lIt t'quivait'nt tu (ril~twtifth (!/11) (if the ~i~regati'
allhC} tWe.iVe rllirnthly 11l4t&lm~tIU I:"Y~b.~ in ~ th~n eur~~t tf>&~ plU4 the Mt\.lJl.! amlJ"Jnt of th~ t.nnu~!
tL'(~ ~.,.~u, waur n.teli. -.nd in.t:\H"~ v~milUM f(Jf amch j'ear not oo\'ered by th(: afof(~id
mooth.ly p&J'l'MJ!l:\ta.,
, . ~~. The .morliag..)., furUie.T COV\"Jl.al.'~ thAt "h{J~!!i ti;!~ mvr!..~. .iind th~ nol~ M:CUIi!.! hn:\:by not be
('!lglhk for' ImHHi!\n<:~ undf>r th~ Nt\ttQIUl! lh'IUH1sr iH't wlthm 3Q OAYS tftJm the ,Ja!-: hn..;.()f
(wriU.on 8~t..ttlw:-nt t.t Any i~1' of thfl Foo("f'aJ HC1,liliillf Ad.i'nilii4tnHion or atlti:j::ti~~d ag'uH of t1H~
J"f'i}e-n~i HOOAing C"'Jfnl1,i~iNl~T da~j l\;.j~~t h; th~ SO DAYS Urn.: ff'1J>lli the tl.Qt€ of Ltjii!
rtwrtg~, d~lirll nil t,.<.l iMur~ ~id I1Qtl' Otnd th~ ffi(Jrt~.!.l(>, lJol':lng d~('(i (1)ndulli..~ }Jj'\,;,f of lwei. in-
diHi~iHty). the rr;\Ht<<~ n( u." hol~r- (If th~ n* ft'..ay, lot it~ (jptkm, de-e!a.rt' ~i llurn.! ~l.!t{'rl bm"by
Imme>!HAt~!, flU(' lmrl pfI. )'tt.hk'.
10. l11f\ t (a) i t) tJ-,.~ fn.'>Et. <1f {O..ny bre.~,{',h \i! ttH~ lnod~!'!'~~ Dr dd j\uli. l;Il tIlt) pArt, of till.' m')1 tg:?.il,'Vi. or
(b) in t.he ~\'l.'nt Utiilt ~nj' of ~td ii~;n}'l;:;5 m".,;:'J b",i;in r€!'-'.i:T;",d to l.... not pl'omptly Q.tA ftdly ~~\d \vith
out (k~rf~n.J or n.(ltk\.~,. Of {c) ~n th-e ~:~;;~!j! ~:;)'~,1At io~,,:;h ~nd ~''lt~r}- tht t~ti'pul!itiun~. ~-ir~(~nieht:t, (O~:JitlO~'&:
~:,j<o\-nuud.& Qf,uid n.ot\ !\nd thi>! nH>rti"~', !H'\": n"~ ddy, rH"~Wfny. a.d fuli" ~~rt('im{-d; then in
f'ttl~';'r Of hJ1)- 8;wn o;\"(:fH, W*1 ~ld ~T.k ~<lm n,N;t.'{;t,~ 10 MIl: nok tt~;\ rqnaHlltli' \.H!pal<L Wltil
intff";!3! ~o:n.~..o ti) th~t hm</', ~nd At, ttilU~~f.;;, ~>.l~ ~.....~b}', lh~n l",,{'i:'n~ diJ-i' B,fu1 ~]~bi<,; i,>nh'"",jlh,
Of' l}i{~r'~,rle;:-. ~t th;~ olriio1i i){ ~!d .tYi~~~ ~~,_tt:ny Affl1 -c't?m~~:ly u if BiJl (~f tt~~,; ~-ijid f...Urr:-~ of n}(H!t)'
WNo;." (.t'i~'~U} ~t~p'-lJ~1l\.k.-d to Z>-' flllllU>i ,,"Wf, $,..t<":'h dA,.", anythH~ in 3~4 .wt.: (;~ in t.hlli m,,-,rt.pi'~ to ;L~ ('(mU,f<fj
n-:>lwith.$-l<3x..JID,J; J!..,j t.hl:'~.!?tI'fi iU' ~!"~.... lit th~ oWu1! (!i[ ..rdti ~~ng~\ w H.:howt notkc or dl"fiHHli,l,
~uit i'.t. an' ,:or in ~~ulty, m.ay t~ pn~u~.ii1.a jf a"U ;JV.>n-eflJ ~~~ hqr~by halt ~tUT~ ~;rif>>' Vi itli inlttl,
tllUmt, 1'ht- IW,~ !tHI.f fj)ff';:;~ th~ re;.;~~, ?oS ;", \.b~ alfieoD; $i' !~k~~ dli~ ~rHl i~il!bh), M'd
~ jAid ~rr:~ ~;a.!! t...~ K>ld t(, ,~,tu~h icJld pl!y iJw ~}.{" WI~'tJ}..,. '&"H, ("of-.~ ~'ql4:rd~,,'!" );<i)d fiil';wcm,~!}.
in CM(, (~f pilrti,t.j !on'(;kMll~fl' (it lhir. rtt<)r~"". O~ m!)f~ pnml~ .!.h.t..H ~ lO(}!4 r,'Jbj,-"'';; to ti.{; C(.I1,
iinCiin# Hen of U",i1i t;};or"~; tOr !;h(C ~J:UI.Jyr;~ f.J( th~ d~t nu.L tl;N. d'.I<' l'did tillyii<i in t$u!h ChiP' Hv; pro-
visk<ru'l' of th!.~ j;an~,p-Ilp'h !ti~y ~~i1'; be!!"i~~~ f:"{ th"'~~~""f fnwn U,~~ tl) tim~ by H.t' )~!ortgt\{{N
J I, T?..a1 ~ mL>r4f~.,t 'Inil J"!71~ #~~~ ~"A~ 111 ~ hI ti~ m(}d~.: d >l,uy r(}meYj:,,(:~.
f.T~lUifm', or clu4"!K~ !j.f v'~M;f!hlUp d th"i IJ~g-~
J2. ThAt WJ WMve-r "J{ 11~;Y {'/J;,t'usnt h~f~ri In ut tJHl (;.h!j~{aHlJn ,"{~<H':~d f,E'r~by wttil at ~ny thrri'
th~!'ftA.f~ ~ ~ it. ll€4 '#~lver (~f th~ t,@,?'tM! h.~~Jf (;f .,( ih~ in')\,.{( ~:Ufl,"d htf1':Ly,