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HomeMy WebLinkAbout0358 () ,) ?- e , i r: q IJf' f' \),J I:~ '- l)t) o a.oll lfI8u:ill)c:-e prNlIlUll-.A. ~ Hw (...~ fHM) ~~l" ~ t,J:(-" N,'1J lor ctt",ltt,:"l i>). ti,t' fllUfti"..,..' ill\ lIut,......'I'wo\ ~lTlt'nt.ll tt) t>6 lll~Cl 1,)' the NOI tiAgOT. 1 t; how~r, tilt: nltlJ1thl} pay ni('nts made by the IINrtj{l4l<>[ uh~r (b) llf lJ'U",,'raph 2 ~1J:1I:'l"E(hna It\.t..ll oot be ~hmt to p,-y (Tvund ttnt.A, hU:elJ llnd ~~~"urnn:tJ1 .'.ld Ir~ut~~ tif~m\lJrr... lU t.h~ (I.M ft...)' be, whc\) the .__m,:, &."1.11 l>t<-:nll~ d~ an(! p.ay~hl<" thtH th" InllTtj'l\gl'r ahJA.l PilJ l.ll t)le rJ!(H.te~ IUlY lUJH,l\int Ilt'<":......,,.ry III nu;;t' up th(', df't\cicll(). (iii l't hdort' th(' dAte> whe., pa._nn~.i)t tlf tlllch Iround n\nt.. WUfJIf... ~mcnt.a. (If ltl"iJf.!K~ Nt':U\iuma shalllf\' dUl) If At ilny t1ml': t,he rfi'HUc~\~r a,hAJJ teJHkr ~) lht' rn.:-rt,'l.agt'e In .,..~{'rd"tl(''' with lM pY"(h'li1lonl of thO' note 8<<\Jn"d ben-by. {ull V4yrn~t of tht' f:dir~ indf't~(',hlt':M ,'('prt1knu.,J thf:<h,hy. lli~ m(lrtalLi~'I.' lJhiill, III com. pulini the Jl!1Xl\.H\t of luch inot!btedtH'M. Cl'1"ht to th(' lK(l.H,m! of th~ mori.iatoJ .Jl p.armf"!lb fJ1Il,h' uno"l th'1 pn,vlllions of (u) of par-<<T&ph ~ het'1'Qf ....hich thf' 1I1(lrta~OO hM not become- obltj('iollt-d tn pay h1 thl' F\~..) HOu..1nj( ComtntJliAiOMJ' Mil An)' balAt}C~ r~fllJllintrli lfl the fund.- .l&c(uml,d.At~'(II:r}(\t,'r lh{' PIt.\ i~\(ln8 or (b) 01 &Aid l~r..rl4-1h?~ If thf'l't' "hall be a dflf4ult und..r any of the prw.'taIOl"-A or lhi8 IIIflnt(81€'~. n.. 8ullinl in a pUlllk uk oi thf' prtm1~ nHt'ti"ll ht't'l'h)', or If t..'lt' mortt(ii~l:'t' a.('{luift'8 tht' pnJI't'rty (Jlh\.r. wi~ &fl~!' ddault, th~ morl"&t(t:'t- ~.tJJ JLVPI)". at lhf1 time of L'ie ('~~mrnen('t:n\(,l\l of ~lJ<.h pn>c{'("iinf(iI or Al t.tu~ Umt> the ptupf't't)' tit olhetWl&t~ at:-quirt'.,i, the bAlan-~~ th"to r.;ornllinll\r ill Un' (UOli.! ll{'('umlJllIt(.j un..!.'t (b) of paragraph 2 p~hn~ ..4 a n~...Ht ~-.JMt t.))(. amount of prim:ll)A! i-he-n f"('rnain1ng unpaid Ul!,lt,r ...id ootfJ and~!l pro~rly &dj~t a..I1)' IlAym~u whll'h aha\l have lX"t'n ma.d(> under (0) of &Aid pl\u.~ll\pli 4 ThAt he will pay ..11 tJlXftl. ~~Ul., WAter r..t(.... and (}th~r ~)\'Hnrn('nla! or nH)n:~lpal .'h&r)le~, fine&, or imrx.l$itioNl, (M which r~roviAioo n.... not ~n mAd.. twrt>H1t*(llte, ..nil III ddMlIlt UH'rr't1! the JnOl't- l(it.g'\"'(' m&)' (lA)' the &&11\1:'; And tnAt h" will promptly dell\"l'l UH) oftil'llil r'Kf'lp~ UWffdo,- to tho:' n'.)ttl{a~{~', s. 1bi.t h;: ~iU pt:m~tt, ~:.ftn~rnitt or tuff~r n~) wut~_~ inl!lll1cr'npnl. or d~~ti-riorBtlon of uHi prerJ.trty ;)r any P,'lrt tia.ra1{; and ill tilt' t~H'nt of thl' t4ilUN! of lh~ H)')ftJAKor to kt:"\:.p the In!ll<hll~'s Illi ~.'\Hl pn'mlS{~ and tiWSel to tJoe I'h,"'<:l~...l 011 6-1\ld prt'ffil.M'lS. or i.fllpttWrmo>tllJl tht'fNli'\. In K.'.,..~I f..palr, lilt' mOltgaj<1'(' Ill>>} m.ol' ~\Jd. ""P"lff! M in iu dl!Kreti(,n it tnAJ di...;P.l ne('eM8ry tor thl" prupN llr~r\l...l:vn tht'IUlL Slnt! Hii.' (ullan,oIJot of !'J!l.Ch ..nd .e,,'er)' lol-Ich paym~nl ~laJll)(' iml!i~iat.tly du(: and pA.yable, And !h"ll be l'oe;:Ult...J tJy till' hen of till. mol'tjf&F. 6 ThAt ho wI!! .....)' all and ,iog\\!1lr t.he o:!&t.x. d\1Hlfl"'j;, alld e"Jl>1:r;.$~, Ir.{lt.l,\!rl..i N'a~,)IHtbl" ia~ )'l'r', f~~, "Hel (.'lSlA or .1~tnl.d,a of titl~. incur~ or p.fll.t At "-flY t<rn<> hy the mo~tgll'~~ hofocAlj$t'.A the hilllr... on till' P,Mt of tht' ,!!lor4rAior prwDVt!y And full): tIJ r~rforfn th.. tlgt(,f'lllenla lU:d nJ\'t'fH\nL" oi f,lW! pri'lll- \.Mory note and t.hlA mortilagt'. /lnd ~ld co~t6. chiHgeA. And ~:q~nll"1\ ah~1\ l...~ nnmE"iolilttf;l}' du~ And J'A)" 6,l>h' ~d alutH b<: M<>CUrt:'(j b:-' th~ lien of thl3 rn,)ftll~~. 7, That he Will ke-t,~, ti1l' Illlllnw'.'lllf!HUl now ,'llUHlflg or- hH't'ltfler f't("Ch'd on tn;> nlort.l\.~l...1 prLlfH'rty. lll..!5oH'tl Al\ may tJt. rt'G\Jirt~i f/'llrli time lo tlmt:' by tnI' rnortglli{t'<e ft.&li1f.l k~ b)' fIr.' and olher hIHurd... ('A.l1uallu'., And (ljotltlgcncie8 in such a.lhUUIi~ and ((,r 811dl ~wrJ('~b as may he [t'qllin...1 by 0l(,r1j(J'lR\'f, And wiD riA)' prumpUy, wht'fl dul:'. !to}' pri'rniuJl\1 on !Hlcn Inl'n.Hl\nC#. for payment or whld1 p,.,.\'I~:on h~, not ~n m~ twr'f'lnt:'i'(N1~, A!llnt\llran~ ""all hi! cArrie.! in cOrnpUl1f'S ~ppro"'l>d by m(lrt(laRh' and th(' polidf'8 &~1 r~newltt~ lhN-,,:o-,r aha!l lJ.e. hdd by HiI1rtJ{k3\."" And ha;,:~ attl!.dw.d tht'rt'to 1l>.M pl\Yflbl!:' dAIJM'6 in ravor of And If\ tonn ~C('pl.hk to the mllr1.f{Ag~< In t'\'t'nt of !toM he ~'ill Ill\<' H1i!lwdlatl' notin~ by ~nJlii V. rnortgllg;:-c, And mortg~rt m.u.y nHlke- iJroo! of li:>.$.!l If nCJt fni\!..k pr\lmptly Ly nil>ltt:l\gor, and (:'.If.{'J. l!\AU~~t': (O'll1pany cont'\>,rnoo I~ h(>l't'oy l!IuthofllfJd ilTld (Ilr~h:.J hI make paj'lfll'llt fllr ~u{;h l.lt.l\ dl1't'Ctly ti'; mortgageo imiteAd of tl.l mort~4tor l\lld l1IortS{llgN' Jointly. &lld th~ insurnnr,' prti....l'€-dh, or .....)y p.rt lhen~lf, mAY b0 aPl~lip~1 ~JY mor1~ltiltw. ill ~u ('VtWl1 ~';tl:t'r to the redu{'tlOn of the l!lddltl'dn~:3 hud,y ~urf:od or t~.. the rt:alof~t((!n ur h'p.alf j~.f Vw property !1~!na);'<;d In ~v,'nl of (orf:'d~urt' of thl1s mort{lB.i~ or GtheT tTl\H!Jfa (If title to th... mutl.g4&(~ property in (';\,lIT1guahrllt:nt (If. tla- intldJ!t:dn~ 5<<:iJred hN'f;\Jy. ,11 right, tltlt', and H1t.t'n.':6t nf the mortltla.gur In And to !lilY insulImu' lx)hcit'~ U~"II:O hr~ th&B p&M t(l lhl:' pUl"i'h...~r or {CTiiHI~" 8, 11'11l\. the rnnrtiC8~' m..y, ..t Any time lX'liJJnit a Auit ur",n thill m0rtgal{e, lippiy tf. the ('JUrt hl1v. ing iuriMlirU...n tiwfl'Of tor the AppointinE'nt of i\ tl?<~f'iwt.. lint! !!ut!, cuvrt. IIhnll {loft!!... itl. i\prx.~trl~ l\ ~n.~r 0' th~ pn:lfiiM'8 ~ovf'N'd hp'h'by AllllUti I!m~Uli\r. Including all And 6lngo,llbr th(- lli('(;fTli', prvfita, lUU~, Rnd ~.."{'n!H'S horn wh&tev"r DlJU(t't! dt>rivt<<:i. i'.a..:n a.rod ,,-"f!fY of whi<:h, It l:o{'l!1!l l,'~prl:~l!lr ,mdN' ~tood, L" herrby mnrti{a.ge,j &8 i! &I~:ifie~Ur ~\. forth Md dpti.('nL<(~11l1 ..he gYlwlmg snd habendum cli\lJ.!!f'c\ hI'H',ot and 8udl rt,eiH'T t(\I~1I h.l!.V(' All thr. hro<'\ d !lot! i.:'ff ~'Cti \'\.: iu ndlona /l!lcl ~l<)W" I'll III Illl Y W l~<? HltrllAt..'{l hy l:\ court tJ) ft rc>Cf'I.....'r. .nd lluch RPP'nlnt!rlt'nl l\hil.ll 11(' ;nIHil' by !llle'h l'ollrt ..,,\ an adrn:H<'t1 c-tJuity /lnd i\ ma.tller o( &t~~ol\jt~ TIght to ullll'lf...lgA.!lt......, and ....iihout r{'fi.rt,nt., t<) the adNluan' "( IIll1.d. ~~U~).. of Hit' valu.. of the proTX'rty rnortj(8p'l1 or tn the &olvf'Ii(Y or lrHIOlvt'fll'Y (l( fo<\ld Il\()ft;{hllot or Itlt' deh'll\h,nt-~ Ilnd that ~uch ?E>fil.!l, prl'tilA. incofl1t\ LM\l\'.3, :wei rev..nlJl:'3 ~h31l I~ avph'-...,J by !Hidi (':HIV('( aecordlll@' 10 the hl'n of, thi1J f1jOrtgaKf 8ild tfa> ptlU::tl<<(l of 8uC'h court. In th(" €'H,<nt of any ,h>taul! i)1l th(' part of U1t> mott<<alf()r hl'f~Undi'r, th<:> mltrll(I!KOr Ilgn't:'tI to pay to to(' mor\gAgt:e on dffiHH.d Jt~ a r('aMHI- llh!r' monthly r\.'ntal (or till' ptf'mi.!l~ An lU1iOunt at lea....!. fiplivRlfnt to one~tw(>:fth (~Ii) of the dKxn'){iH( (If the tWflw riwnthl)' in;;tJllht'inIL~ ps)'itlJlt' ill tlH' lh"~!i (urrt-nt year plUg Uii' llctual amount of the Annual tAl:~ ~~I~.'\mt>l1t..~. Wl\tt'f r>>V-a, >>'I'Hl In~I.lt~IlU' pn'il'lliln\S ((lr l\Jch :r!'~t Hot Cc)VNt'fi by thl' li(!,rf~id nwathlr J,l.$,ymenta 9, Thl' rnl.,rtKll~nr furth.'r ..o.....I!bnL'l th1\t &houid tlll!i mOftj(ligt' Alld th.! ril}t" 1\<:'1;ult.d Iwn.hy nul l)t I'll)('lhlt' (or 1l\31lraflfl' ~llld,'r Hw Nl\ljfJna! HUU1;1l1r! An ",'thlli 30 DAYS from n... ditt;. h~t{.d (writkn alat"!1if>llt of &n:, "tlk,'. of thf' t\..IH...1 H('UIHng j\dli\ll1!J'.tratlOl1 or auth'lrlH,d Il~.'nt of tlil' thiutil lh>Il,'\inx C"TlH01lMlUrH'r dilt.:-;i !<UbM:"llh'ht v' du.. 30 DAYS !,IlW from til<' dav of lhi!! fl!llrlj(iij.{l', d{'( ll!i!n;.? tp 11l1l1lTi' 8.ilid nnk ano thiA lnort~t).l<\'" UoeifiR' (knnrd tOili' j'l:'i\....' prtwf uf !luch lH' I'llj(ll>illi,)' i. lh... mortg~K"'{' or Hi\' hold..r" of th(' IWV' mg), At iU>. "pllfl!l, \!.cdt.r.: <lIt ..UfIlis ~:fllrl,'d hHi:br lrtFlu..dlatdy dll}' Alld pay~blt" 10 Thnl (Ii) or. the ~'\<'lil (>f ~lt]' ltn''iUh 1)( thl14 m.'ft"dj;': \11 ddault i'll tI.., l~rt o{ till' Inl)nllu~UI. or d.) Hl Hw ~\,:,ll that any (If ~jt! sum,'\ of mo..to)' hN€'If! re?l:rrui to l\l.: not IJfi.'fnplJy M,'! iull} paid with- out (kina/;.! qr iloti<:'l', <Jf ((' J n', the (',enl that U~dl ,H.d ("d.'r;; tho: lltlpu!atlUl\Ji.. I18Tt't'n\i"lltJ\, c,-'ndIIHW!;. lUitl C(i".:l1~li~ uf :-raId \lot<- alid thi!\ tl!Ortl{HgT, .H'~ !11,t dulr, prlilllpUy, !'nd fully p<'ILHf1iI:ll; tb.:!; n. Plth'f t'r UIl)" !luch I'\'i'llt till.' /lJ!.\d ag~rq;t.te I\um nwnl.toned ill MH! tl.;l(' HI"!! n'tna!li\n~ ,1np;,wL With Illh.'fI'l'll acnu..d In that tH!\e. Ilnd all ml.i:)f'Y~ &..-.:t~l.t!d h<.'n:by, allali i,.'('oni'~ dUt:' and lJay~bk forth" ilf., or then'a.fkl. "t the option Ql ~1l1 nwrt~w~', a..'1 fully nnn f-omplf'td; itA if 1\/1 of tlw Mid IHHk, of fiH)lIi'Y WH"~ 'jrj(n;al!y !It!~hlliik...1 It, i..~ {laid DO 3uch d.ny, Jl.o}th1!lg in !till.! l:l.ltl' '..11' \L thia morlg-i'li!t-' tn the ('ontrar')' ll()lwlth_~h'.!vJlnK; 111:0 thH\'uJ;;m ,if the:rcaft€f, nt th~' I)ptk~fi Iii uld rn()rl~lt.:<" withot/t n(,tlce or dl'I1lHnd, suit k<\' law or ill ;}(jUlty. mar W prVJi.f'i:uk.i 3-, if All lll(Jn('y~ r,.t<(\HI',1 herd)y ha.d (>latun'll priM tt.! Its ln~ti. lllti"'f; 11H' mortgsS{f'':' mi.y for,,>t.kJlW t.iti1\ mor-4fngf', ~,~ t'J HI<' amount g(l d...,lart:l.! d;l~ and p~i,nblt". a.llrl UIl' Mid pr, mli}t'11 ~t!idl be &;,.10 t.i Rat:/ifj' nnd p.ay tile !iI>lUe till{(,U1H ','iit.h cost", f.'1.p'-l\a.;>S, and ttll',Wal.Ch'. In ('afIq' of p.u.d...iJ!! (l)l'l,<:lfj,'\lln' of thi,lJ mortj{i~C. tile lw)rt.~~...i pn:n:i~?E shdi I~: Mid illJbjtx.t to the (J.1Il' tlnlllng' !l~n of thw rnnrl..gagr: (or til" un{Jtm~ of th.: debt not then dvl' anrl \Jllpflid In sHeh (",!<t" th~, pI''' viM')ijj\ f)f thl' p..'1rAl(raph IMY texafn iw 5\'~i1<'i'J ot tht>f't..aftfot' fr')fI\ tlHH' tf' tim(' by till' mnrtgi~W~' I I 11'At t1l{- nl'iTtga~lJr wtB giy~ iUlI11e1.h!al,.~ n(jW:,,' by mail tl) HOt' tIlurtj{>igt.". of Any C()ov('yan..:-,_'. tI1Jlj~f{'r. or rhangt. of (jwp,erjhi~. of thl' l1f'\-mi&M 12, That no \%.1\'\'( lit an)' f<.v('nat!l h.'n'nl or of th.. oblJiiaU('H g('t:un..! iWrfby ~ha.Jl I\t HI)' tbli' liH'rt','l.fter l~ hl"ld t,. l~ l'I WitlV,'r nf the tf'rnHI hH~t Of of tho: n"'t' 1V'.'(;'.lr,,11 hf1rf'hy.