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HomeMy WebLinkAbout2672 .... l~ ~ t;ll j 4.) "1 b 1",[.,> t 1< u~ all cl })4t1ti7&i,h ::! pl'~H!:)K lth.iJ1 not. he llut'hdent t.') p.tIYl\N)f.md rent.., ta.,~~ &Il<1 ~.f:ntA, And iJ*\l~~ pr<<niwru, u the C~ ~ btl, when the l~n@ &hall ~ d~ and pa)'&bh~, tht'!\ th0 U1f.).n...,nr.iuJ.1 pay f,() th{~ rn(.r"ttC~ IU\Y A.:nount n<<ONloA.ry tv nou.+! up th~ der'kl1fflCj', vn or, ~)('.ioro lh{' d.tAr) .h~ fl4l)'l'nCl)t at &G(';h IT~mtxi ne.:.a. Uxei, ~mf!fltJ., (it' l..n.aur.nn~ .,rt>UlllJrn. &h.tl I>t\ du~, It .at &!1V tin!f' UW! mo~r 4hA.lllef.d~t W th~ rnort~~ ili ~\rd.t.ac-e ",iV, t.h", PI'u.iaionA (or th~ notii ~ur@d ~nhy, full paY-Ineot ot the tonti~ in~btt.-.,dn~ repf't!t.(!fite.i wf'tby, thg rnQftK~ ~hall, ill to!n-. pHtin. tha a.mcx.mt I,l lIu<;h. inddltlltdoM5. .Crndit to th6 A(:'~i-".mt of the ~~\.'r ",I: (:o.aymonts lliaillS ul\ij~r Ow proviAimu Qf (,a) d.p.ar.,.raph 2 ~:,1II'hldl th~ ~?rtg~ hM l.').Ql tJ<<'ot~ obll~At;a.d tOl-'a)' tv U-~e }'~,<koral Hvwdn, (HntmlMlon\'T, tond An)' bIWLn('(' remalflll1( III tll. ~ A.c(um\.lIAtt.,l undcl" the pn)\I- ekma 0( (b) (Ituid p.a~"'i'IlP~1 Z, It thUI;! 1\hall be A de(~ull un~i3r." .uf the pw\i1!i~.r~ of this mort- fClljfI'l r~ultU'.g m A t:iYbl:r- <la-lo of tl\t' pMni~ CQ\'erl"l) h~rt'!()Y_ or If tU'ni)rtgagtc>e .(qul~ the prL'lwrty otherwiJ(l art.itr d>"fa.ult, th~ mort~f'o(' shAll apply, at the !imo of the fOtnmen~t'nt oi ..ud\ prc....:et'dlliKS or at th~ Um(! UH" l)l.O~~rty !, oth('rw~ ~\lIrE'<i, the haJ~UM tht>n r-.nainllli in the ',mdl! A4){:urnulahd under (r,) of par..,-n'lph 2 p~~ini &3 a cl~it AgAirut tho ~fl1!)Unt of principal thf'll I'til\Ainillll unpaid un-\.~!' uid n,)u, 9.11d Nt.all P~t)IW-fly ....ijWll f,S\y ~rMUt.i wh.icl1 s.h.a.U havG bf!oen In;l.(ltl lJMt',f (a) of Rid par8.,rraph. . .i_ ThAt it will VIi,)' all tAH<4, ~mt'!ltg, water nt~, a,nd ()t~ i'wetT,-m~f1t.d or municipal chatg'{'l', fttie~, or lm~ition~.. lor whi~h pro:i,,!r~n hlUl no: l~n ~.jl,.fje lwl",:n~*or~, and IH ddsi!.JllU!cf'f-<'( th(> 11\L.rt- g~f'e may p...y t.h.tl u.me; ~J1<l th.llt vnll flrompUy clehver tho ot'fkl&l !"t"f.:elptA therefor t.o Uw murtgagoe.. - b. ThAt it wlll permit, commit, llr sutTe!> no WU~ imr,.luNntml, r,;'j' d\lterlorl\tlon of Mid prof.......rty or any IN\rt t.h~n'()f; wd in the evmt of ~h.j !tJh1l'~ of the morlil\iOf to koop t.he bulldltl~"8 on Mid vn)ml~ and U\060f: t.o l~ ~r~t.€"d on uld prt'm.1MIli, or lropro"'<<n~nt.t thertoOn, In ~O(,.j ~palr, the f/lOrtill.g\"C nHlY mAke ~uch r~~..un u in ita di&i:rtrUOfi it mAY deem Ul<auri for tho proPt'r prt'3erv,'ltion the(f'!A, 1md the full aIlH",mt (If N\Ch and C\'HY lI\Jch t:>Ayment ~h.iU1 be inur.\1IIdi&uly dUt, lUll] l>a.yabla, vl-d ah..i.ll w &ocured by th~ lien of thia n1ort{("'ile, 6, Thllt it will pay A.ll and singular tht> ct13t4, ch~rl{t1l'!, and (':q:l'f'n~. including Tt'll.3oHitblt! I1nr)'!:r'lI (<<>;A !'Ind cOttt.1l lit R.billtnu;~ or titk, Irlcurr~l Qr pAid at !(U;y lim... 11)' th'J mor!.itllC(~ i,"t.'C~uM' of HIP failure Ml the 1'8r1 of the m"')l"~r promptly And fully to tXl rioI'm t.ho Ili"r'!oenHmtl! and .:on'lumtlS of uid pn:lillia-- fK.lrr ntlte and thiJ lIJ{)rtgii~. a.od uJd ~t.!, cha..r~ and e;t;~ &.hAll b<a lmmediately duo find p.ttyable IUld ahAnl~ G>~\Jred by the lim d thla mortp;r, ,;, That it wlU k~p t.he impr(WfmN,t.A now t'xialing or hutlAfwt' erocwd 01; tJw m(irt!!.{>l~~j llrp!x:rty, In*ur{O(i l'l.i may be rt'!qIJire<\ fn,m tiT1HJ t4,~ lime by t.ill! m<.It"tiAgoo a.a~i!i~t k..~ b}' f1J'(' ~nd other ha.ll\tJs, c$l!;ualtiea, a!lii (.(mtmr:nd(~, including war dAl1li\ie in 8uc.h &moun~ And for ilJch r'Hiod.s ful fl1&)' b.J ~luir"t'<1 by ffWrtg~, aud wW pAY p:,omptly, when due, AIlY prerniurn~(ln ~uch IraiJra.n<;t1 fOT pa}'uwnt of which T,mvi!lio[l h<Ltl not ~:'t\ nHvle h('rclill~foTt'. All illSUrlUl(~ "hAll I/{, carried in C(lmpalliei\ Rpprn\'t'<:t by mortl(&gtx' ,wi! the poliw.',", and ren{>wAl.s Ul'."'rf-of ghalll)(' held by f!1ot1ll:a.gt"'" and ha\'t1 l'attAched t};ef(',n k>N! payaiJlll d4\l~':.'; In favor of And in fMHl Ii('xpt.ab!<'\ to t.h- mortl'C?goo. In ('Hilt of 108.,0; it will $(iv.) imrnediak noUci' by mail t{'. tlJOrtlfl'glV, &11.1 mortgllge-e mfiY make pn.of of koM if !lot ma..de proi!JptJ)' by trlQrtln,g(,r, and cach lI1~ura.nn' company conc('m~l ilS ht'l"({JY i\uthofil",d alld dHT....k.J to lill\ke 1<<\}'lIlt'llt for Iwrh 1'>>lJ; .llf~'diy to mortv.a~{l'l:' instead of li) mf1rtgaguf and m{lrtVfig...~. JPintly, tH.d tlH' inilllrfi!1C(' proc<"\'d8. or all)' part tlH'ret)!, may l~ appliC'<! by mo!"tg!\gf'13 at it." option either to the r0.1ud\Oo of the indl.'"bt~xln('~ hen,by ~lj red or w t.he r6lItoratloll or n'ptiif of the pn~p{>rty dlUllliget.1. In (!\,dIt of f(lI'1.'~ dOl1ure of tl!i1\ In{lrt~a10.'' or other trl1nsfl'f of ti!!u t.o the rnt)rtg~ propeti.j' in 0xtingui!l.ment of tht. ind"btNlnM!.'I ~,,(,llft'd hNeby, all ri),iht, litle, anti int~re8t of the mortjl&.g')r lI'1 And t<) Mi' j!!JIUranCIJ r>olicie.~ Uwn il1 f()n:~ lIhi\lI ~ to the purchLWr or gfant.t."i'. 8, That the rnortl{fttWc mar. At an>, time J..>eildillg' t\ !Suit upon thia mortgng>:, apply to the ('i;ljrt lHt\'- in, jUrJadictbn thUt't.t for the appointment of a re<:eiw'f', and ~\Jrh court ~hl\1l fGrth....lth i\jlpOlnt a t'{'{<l\er of the prem~ Cf)\H\..J here-by !ill (lud ~inS\JIAl'. intludil!g #ll"l\d,!I.lIl~u!l\.r the in("(;m.~', pr<.1!it...., IMUt'S" find r~\'enl1t'5 fr(}l~ w ~At';'..e~ ,&('~rte derwfJd. tlith and. e\'f:rY of \....IHGI., It !)(>wg exprn.....,ly lInul:T- nlond, I.!! lwrc-by rnorti24l\'.Oj iU If l!~lt.'l:ifH'.ii.lIY Jet forth fl!ld dblcnl.",,,lw VIe granting andlJal.x'ncium dilusea h~r,,,,)(, and such n:~e~ver ~h.lli hB.v~ Etil tiu:! !Jh)Ad a.nd dfedivc fUlictiol\.3 ~J1ii l-")\H.'rs in anywiAe entrusted by l\ Wlltt tp a it'felver, lu:d !IUth appointment shaH be mwj~ by I\uch court nl\ ."0 admitthi ('quity and & mlltt.er of l\..b&Olute right to 5J.id mortgaiS't'<:!, and without rdt'I.mce to t/lt:! &de-."lUlI.CY or illad",- qH&CY of the value of Uw prup('rty nwrtg~g~'d or ~o Ull~ w1v.t>ncy or IMolv....ncy of i\llhl nwrtgl\gor or U,,' di'fC'ndantJi, nnd that Eu{'h r~ntl'i. prufita, Income, UI~U{'S, lUHl N\'l'tHlf?a ~hAll L.., Appli(-<l by I!UC" ri.....~h;:r Ac<:onlll!g' to th(' lien of thiA morti'llgl; a.nd thiJ practice of 8u{;hc:ourt. In tile event d Any dd:\uit on tho part of the rn(JI'i4'(~'l'r h(-r~'Jnd\'r. Oil! Jnortf(agor I\gn,(,il t.) P;1}' to the m()rtga1{""~ on demand M e. T'<'MOIl- ~bh", monthly r,'ntll! for'lhe "'rtmi!l~ an amount !it luut ('QuivalcllL Ii) ont'"twt'!fth (1,; ,) of till' 1l~I{I('io(at.} o( the twd\'(' mvntb!y illFiwllment! p.\yahle in Hw tb'!l Cllrrl'nt y('ar pltH\ the atlup.ll1.mouat {,( UII' Milltla! t.MI.('>"l, UM"t!!rnl~ntil, Wi'>t{'r rilti5!, and if~llrf;)lCe premiuma f:)T such )'car not C()\"er~xl b}" thl3 !\fot{ij.:~IJ mm~Ull)' p2yrnt'nl,ll. 9. Th("' Hl'Jrtgaf{f}j' furi...hH C(f\'enanla th"t 1\hDulrl thil5 mor~ga~e and the not.! !4:"Cun:-d hNiby not be ('Biiblti (or ifl.8UftU1C<: und~r the ~';lI.ti()n!\i Hvulling Ad within [H.m the date btri~'{ (writtl'n at.'itHll.:nt of Sin}' ollkn of the FNjeraJ liol.J;Jilij! Adm1ni.trlition 01' authoriH,<1 agt'nt of thl' Ff'<J- eTA} HOi.all\S C(lmmit<.Ai~)f\N' ds.t~yJ Iml>>{"1U~llt to the ti!1llj fr..;)rn tiw dAt.' 01 thL~ n~?,rt~gK?, dcdining to ins\ll"1! U,id nQt{1 ~nd thh rnort~a~(J, l~i!1g dHm1t~i C'Nlcl\J!li\.'f: pr.:...)f of ,"uch ifl(:!ig!- blllty). tr,e mortg~,-..e 1)1' tt.;) hohJer of the not~' roilY.. I.t :14 optHm, docJ.ui'! all 8una &(~ur"{-.d hHd.iy I1nm....:1j.. !i.k>ly dUt' and pA)'J!lb!e, , 10, That (a} in th? f'V~tlt ()( any br<c-st:'h of till. rrH,1ft~iI\~') or dd!iult on Uw Pi\rt f,f the mortgaliur, or (b) in the event ltJl\t a.ny (.f &aid 11.im~ of mon~y hfJi'dn rderroo t~) 1)Of not pn)mp1.ly StHt fully paId with. (Jut dNliiil!<1 or n,)tH.1," or (e, in L'w t<Hnt t.h,S\t ('w:h JUju e'.'er; t1H~ JtlpulAtiof!."" agr~ment8., ((llldition1\, and t:OYf:!lants. of ll:>.id ~lot(. and th~ mortgage, &J\l not duly, prnmptiy, :U-..1 tully p:"rf,gmr:d; Ulcn in :ither (.'!" l!.ny such i,';"'nt, ,ll!!; tlaid f,~rellflt,) 8\.Wl rnildiofwd In eaid noUi then remAining ullJiaid, wIth liIti:H'st accrued to Ul&t time, aud all m,}HtYiJ s.....-....:I.Jrt,.;j hNi;"by, !htJl fJ'~<ome due IHid pAyal,h' f;.rthwith, IH U,i'l\:"1ftH, At !lIt' option M' aaid mort{{ag\:e, M fuli)' <1..!"1!l e01i!i.",kt"'.ly lL" if all (of thl' !'.aid lHjm~!If m!HH',' \l;'N.. orijfilUdiy atipu!$\t.."l tl) b'.;J p~d on iluch d~y, ~Jlythln.g !n ~$,id note or in lhii\ mQrt.~,;,l';: to thl; (<)ntrMY n()twith!;~nd;ng; liwd Ulk'Hut!On or thN (<ltf l<l.. 1St tht> "'ftlon of lJRh1 m'-,}'~iii);i(e, without !\oti,"(' or demand. HIlt lit law or in ::'-luity, mil.Y b{' P:Ol.O{:<:Utf.J M jf ii.l n;orJi>ya ~.(X:;)n:d htrt:bj hll.,j mBbr<.:dr>rior Vi it.s ili~tltutlon, 1i;"'~ m;;rt~a~<:"') tn~y f!jr<<k~ tld.1.l mortgage, M to th~ f1JllOunt fW cloclauxl du,,; z"jU" pa\'. k'h~~., And the u!d p(fmlf~ ,h~ll i>€1 liiJ!d tn ~1\ti!ilfy Md ~~y Uti) Ulli.... {<:r't\i?tht.'1' with (,)..",t-~, "1!:fJ'(.flM'"1, iH~d ~l!(,wan=!~.; . I!1 e~~ of }'~!tia]!')r,,'<:k'~!~rt' of th,!.!> :~ort~it!t;, t1.~ r.n('!rt~p~!(;;'dJ"'."miE;E-~ s.JH\~i)~~ 5.:>1(1 ^;.,bj(~t ~o th.~ ('vhlllulng,''''fi 01 tnHI nl(.,rtga~;."' r'~f thO) r_rn:J\1nt ~tf ~.l1{! dt'fJt fl'Jt tlwn \1~ tHI'J tWp"':i,1, In zu,h (,M~ t.h~ pro\' iB 10 WI of thl!l plU'a~l'a{jh mAY agAIn 00 i'lvl\l"~1 of thi!t'(lJter frc.in tmlo tt) time by the mOf4PJ{t'('. i " 1.'ht!t the mvrt.i~-ifC!f will jo!h(, hlllJ'I~....jj3t~ i1t1UC@ uy mi\il to t.he rnoi'tgAg',.a {If t..,'1Y (f)H\'eyanc\', tU"'\l-tu, or ChiUl!(~ of oW ut'rddp of t.h~ pl'ero~~. 12. That no wi'ivl"'I' ni a.ny C..YiHHtnt hHMu o:r of th@ {>bHj1,Jit:..m f,-"xur€<1 h~f*b, ,.hall b.t ilny tim~ thel'~Jt.<;or t~ held to be 4\ ~!; vel' rd the t.er-fl'Ul het'OOI 01' of tJu~ n{;t~ &:X'tl r{,.j ht.;r~b.... """"'" J 1."1;~.1