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HomeMy WebLinkAbout1920 9J1t1l1lAUr411((' prt'HllllthR. M tIll' ru(> !HAY lioQ, lIu~h (ll.COSiii .~lAIl L-c l'f't!<.iite..\ ~JY the m,lI4r.....;>e IIn .1.l~I.."Of.\t \>4.)-Illi'i1tA to t.... r~\A<.i~ by Hie fBOrtg.."'..j", If. h.)W","t-f, tho nicnUlly p&y~ntA n...~~ by 0-.. n~'l~ ur.dt'r (])) u! ~;.JU'...r.p.". 2 pr~na .hAlI rwt boo ~t ~ ~' ~ NlCt,a. u..u. "-Ad ...........~ hlH1 in14UIMll.'(l pf\'mI1lnla, .. ~ ('.u4 mt.y bot. ....twn th4 ~ .tian ~ ~ and ll4lYa.bH, ~H t.h~ n\ort~t4illr i\/;all I*Y t.,) tl~ m,)t-~ ao)' ..mount ~ ~) md. \lp the de&.Mnc)', on or tAlNre the d&tt! wht'n p.-jTof!nl of ''Jdl j(1'QoIln4 rMU, i.UM, "'IlI.~t.a, ~r imw"anc'lt ~UflI.1, ~l bt due. Jf At any time ltH:l mtni.f;a<<vr ah.aUl tel\del' to th. rno~ In ~ w1~ tbIt pt'O'rla~ of the n<.lte 8e<:lIr~t heriO)'. rUlll>a,)'m-cnt of tb~ enti1-e jndebted~ repr-.cmted tMrflby. t.t:... m.o~ th4ll. In ,'QIl}. puling thl' <lflWunt ot >>u.ch i.ndd}(.ed~ crfldH ~, t.h~ ....~nt of tb; ~r all P'&fawnu rna.d. una..r th~ pru\'IIUOliA of (a) of ~..,..,a.ph 2 ~i w'htch tht mcrtcaa- h..u not beooorne obtl.l1lt<<! t.o PAY t..) ti'..~ F..~t'nd H(;~~ini' C.ommba\'Qne.r an.d an)' ~ ~nif1J in the tunda a<<\lmuJa.i<<i\l~ t.h<l\ pt'()viaiooa of (b) of CLkid llof.racrllph 2. It th4t. aball bt . d.!~t u.n_ M.1 of t.bt ~v1.aioca (,If thia I>>(H1,p.p, nt-- 8ullHlif in A puhllc &Ale or UH~ pruniMII rovued hJ!'.nb)'r or if the mo~ M:qoitfti ~ PJ"")ptrty ot.ht<r. wia-c alt>:,r dt'fauit, t.he J1')t.)1"t4'~ .haIl Apply, at ~ t.imeof ~ CQmm~~tof tueh ~if\fH'r &.t tk' tim~ UH~ prop.ert)' ia oth~.~ ...:quir~t t.~ b.alMor then remainiD.J itl the fwu1a ~W&~ linde-I' (b.> of ~rt\iraph 2 Pf'.l"lCedini' ... A eN!dlt ....huf tJow.. &fn(.)Unt of ~d.pal thml'f!fn&inill' unpe.id utl~r MId rv)~ and .1aB pro~rly adjuat any r-ymentl wbleh t.h.aU Ml"e ~ tmOrrr (.) of I&ki par1t.tTapt\. 4. ThAt he will ~l&Y all tJU[t<a, ~~nt.l, wau,r r&t.Gt, a.nd ather 1OV'f.rnmmt&l1)t munidpal cMraw. fine,4. or impt1oaitiOiu, to!" whic-h prnvi2ion haA nt:rt been ~ n.r.inW~ and in d$tAU,l't Wrl!Ot t!l!' mort- gs,g't't.' mAY I\&Y Ui<1l\&me; And thAt h@ 'Will pro:npUy daHver t.h.e 04!cia! l'1!<<:ipti theretQ!, to th't mo~, 5. That he .....ill pem1it, C'(;mmit, or suff@r no wut4j, impl.irmmt. Of' dmrioration of Mid pr~rt). or a.ny part UH'ftXI(; llnd in the f<.....nt of th(! fai!ure of U,. mo~r to? hep tilt! blt.i~din.p 00 wd pr'tfniM6 and thoo.e tn t~ t'n-ch-J on &ald punnlMfo, or !111p~menta th~. In rood "palf, ~ mortc~ mil)' make lluch repair. as in 11I1 dt.cr~tion it m.y d'!effi ~f)' for the proper pr~rv.UGn the-nor, lUld th~ full llInount of e~h fond eHlT}' au,}. p&)'ment UifL11 be irnt'tJ<4diatety duo and payabk, and a.lall be ;)<<'.Jft'(l hi' the Ii,:!l of th18 tI10ltjfl.&e... 6, That he will pay all And siD.g\lIs.r t.he C(il~ta, eh~ and u~, ihdYdin.- l"N4Onahlo!! IAwyer'a fN."II, -.nd coath or abstrACu of title, ir.currw or paid at any tlm~ by tilt' m{}~ bec.&uu of the failurl! on th(> part of Ule mortgagor promptly and fully to p.e.rfonn the ~n1tmt.l and cOHnAnt:6 of ..id pn;lll)e iM(Ir)' note and thi!! rnort~, ~nd uid <"oet4. char..-, ~ UJ'I'l!!lMlI thAI! boe immediately du.- and ~y- able and ahllll be M"Curoo by the lien of this mo~, 7. That Of' will k~p the impro\'emenu now el'iAtin~ QI' h"r_f~r erected on the m~ pr\}~rty, lr1.Aurt'i.i I\A mAY b... required frnn\ time t(l time by the mo~ ....hut loN by fin .t..nd otMr h.u,.udJ!., c~u~lh~., and contingencies in lJlh~h 6moont.a And tor .u('hperi~ AI m.&y be Nlql.1iN'd b)' mor.....Ag~. and will pay prom~ltly, when du.., any pnrniutnJ! on tloch inaurane4!! for p&ymfllt (If whkh proviaio, fl hM, not tx~n m.dt' hereinbefore. An iralJu.oce .hall bt carried in OOi'tlpani. approved by mQft,..lli'e<€' a.nd the pol1rif1i and rene......is t.hcN..'(j( &hall be held by mQrt<<~ and h.av~ attJKht'>d thut'to iou Pfij'Able c18Ul!~ in f&\'or ot anrl in (orm lU"ceptabl~ t.o t.he mortKagee. In ~ver.t of l~ he will Jive lrnmediat~ n<-tlc~ bv rU6.tI to rnorlgAj;("(', And mor"tia!\\,~ mAY make proof of Ic~ if not m~~ promptly b)' mOFtl~r. and E'ach \rUIUflW(:<;' compan)' ('~m(':...rn<<1 18 hHfby authoriud and direct.<<l UJ mu{! r..aYnlf!1lt tor .\.)(h klU dir!!<'t1y to m(;rtga1{l"f' 1!l5h>~d of t() rnotttlll.i;o~ and ~orti~t.<(l joinU)', and tl:~inluran(:'-:p~~. Qr lI.!'iY part thP.ft'Of, m.y be appht'.J by mort!CAfCi?'e at ItA optwn eit.hter \.4) thl': r~.:hlnwn of the mo(-bt~neu hueby 8~ur~ or to the rt'i'ltoration or r('patr 01 th~ pn'lpert}' d~,..n.t.C<<i. In ....ent of fON<:IOiture of th!J! mortgage or oth~r tran,afer of title to Ult~ mort{(!\g~ property in e%ting\il.hm~nt of thO;! in.j('btf'dn~ ~urt'd her€by, ~il nght., title. and int.erNt vf the mortaa.aof in and wan)' i.iUoura.noe P9hci~ ini!ll in fof"CC &hAll pa.aa to UH! purt'haur or I;'filfll.oo. 8. That Ul~ rnort~ may. at any timf! pendini' A .ult Up<.)O tMa mo~, awl)' to the ~O'Jrt lu.v- ing juri3diction t.her~Jt !or the /l,Pi)oOmtme-nt of " rocei'w't'r. llfld Iuth court mall forthwith appoint 1\ r~elver ot the prt'HUM':5 (overed hereby AU .ud !unsculu. including Ail and ~in~i.ar. t.he m(:Of(l(', profiU. llUiUl:<<, And rewn\JeA from whatever e.Dur'Ce denvt'<:f, e.a.ch and ever,.' of which, It betnli e.xprt'.Uly undn. ~t(>(),,_1. ia hai'by mortgaK~ M if spoedt'k.aliy ut forth and d~ribOO in thtJ Buntini' and h~fldum clla~ hereof. and .uc}) ~eiv~r f!hall have all the b'i()a d And effective fUndlOl'lJi .and ptl'iff>rI in Anywi~t) f'ntru3t~'d by B (<Jurt tc, ~ ft'<:t'i\'t'r, And lIuch APpt)intl1umt thal! be made by IHith court u an admitted <<luily and R Ollltt.<-Jf of a~jlJte nght to Mid mortg~, find without rd.;r-en~ to th~ Ad~UA(,Y or inad- eqUMy of 011' value of th{' property nlOrtgll.gea or to th~ ~!vency Of' inao!\'(!i".e)' of uid mortf(aKOf or th~ df't"fH.ilHlts. &nd that fiuch ,.entA, proft~, income, iMUe8, And ",VlenllM aMI! ~ .pJ.iil~ by tluth n:,\,('\ver 4c<'ordins- to thl' lit~n of lhih mortgag~ and the pu.dlC(! or such court. 111 the event of any dl't&ult on tht' part of til~ mortg~Qr fwr;:llnder, the mortg1!.ifOT agreee to pay to Ute mor4r~ on d-em.and fU a n"U{)n. a.hle monthly fent.a! for the JWt'rni~~ ton a.nWIHit Ilt leut t'QulvAkmt to l>n~Awdtth (~it) of the al1Sr~ate of the twel..? rrwnthly In.at~llfi)entg 1.l.ily,..ble in the then curnmt year p!WI the Actu.lamolJnt of th(' annual' tax~ ~'Hnen~. w&t~r ratee, lwd in"lJran{;~ premluffill for Albcia year not oovetw by the aioreuld monlhly pa}'lTIimu. .~l. Th,' lTiortg..gvr further c,?venAll~A that t.hOlll~ thl..3 fn(lrtg~t' and tht' note ~."CUI"t'...I.,h"'P'''bY lwt r)(l i'IIKll'!i' f"r 1!l:\lJiii.nCt' undn th,-, :~atlorUii Hmll'ili-S A(~ wlthm JO d.ys tTOOl tne <lAte hert:-o( (Wtltt.'f) ,5tatcllwnt of ?on)' (,flh:f'f of the Ft''\it'fiil H()tl!lin~ Adrnlnililr&ltliJl1 IJr i\uth(lr!~ i\gent of thf.!' l-'r-d{'ral HO!H;!ng Co!omls..o;iI'flPr dated su~.:-qu~t ~) th'J afor.~Aid llmf' from the dat~ of thia mortg~gt', rkdinioj{ to 1I1!.!tlrt. Mid not(: ane! thi!~ morti14lt', r.1('ing d~m(;-d n)f1du~ivt! prout of !JUth In- ('hIOhihty). th(. mortga.l:ft-'t" or the holth:r Q1 the note nu.y, at it~ option, deduf alllllHl'.Jl ~Qred her~hy lmrnrdlsu.ly d\!(. anI! pi\yahle, .\0, That (a) il\ th(' l,vt"nlt,f any bryacl; OI PiUJ n1Drt,gti.~..' Qr de',!.aua '.m tiw Ita.It of t.,tw tr;';:,Jitg'~iS('r~ or (/.) III th(' l"vent that any of MH.! I!um..'\ M r;)OfH'Y l'lHi.'m r'i\fe.r~ t.o he not pr-Ur.1pti.r arid fully fit\10 '>'l'llh- !Jut di'lH.;tIH1 or Hotte-e. or (d In Hw e\'~mt t.h~t AA.<:b and every the ~'.iI;iJl~Uon.s. 1!;iff~~m<:nu, .:.mdltic-lllI, lind Ci'H':lant.~ of l4'\!d note t<nd Ll1i~ ll\<)r.t~1!2"'" lH'i' r;')t duiy, jnomptly, ilnd fully r..eI"fOn',,.f'<!; Hum in ''It!:i,,r "I' allY !Iuch tJ\Tllt, the l!4id ~if;.'g$t.", !um tnu,tl<)ned in ~ld 11(,t~; t.tHm rnn.aimo$" ul1pl'lJd, with lflt;-fl'.~t ~l"UlHd to that lime, aud SLllIiDl,eY:I ,lJ{X;un:~ hHeby, !lJ,-~n ~C'C.:,rrH: dlJ~ a.nd ~YDj,}'J [{<rHi',," iCh, or thn....{ftN, a.t the option of !!.i4id lU(;r-tgaf~, aM (uBi ~nd ffImplttdy M if Ail [,f the ~d ~Utf>..lI (,( mQn<r'Y wen' off{iu311y 3tipljl!ited to ll{' paid on iOuch day. Anythin~ ii! ~id noi~ 01' in thig m(Jrt-il~ if) t-l}{! ct;ntJ...ry Lotwilhet.andllll!; [,nil theH'uvon or thi',.uftf:'Y, gt the <.ipthm of .6#j,l rn0rt4C&€'!!>V" WltJ.'Plit n.l#~ (if ,~...nd, illHt at lilW or in (ijl.nty, nu, be pn~\i,.(''(i lU if a!! i{\OfM!Y! ~.rUJ't"<j h~j-eby n.A.j rngtur-ed prl()f to ill irr!tti, tlltlOll,. Tit!! mOrtl€ilgff' mAi' fl)rt'tir~ thi3 m"Jt~..p~. &.a to tlx! 1Ul'j(1imi ~; ~t!tr~ ('h~(' ~rl ya!ah.J~, ..nil lhl' ~~irl prprnlgi~ flh.flll I,., /K.ld t/.! i!!\tlilfr And P$lY th~ r;.A.rfii' t.~thtT wltk1 t.;;joiiUJ., l':x.*n.ll4:3, ll',n<1 alk)w~!Y"~'B In eMe of parUal fOffdn,j\ure r:f thiii m<..irtgaift', the mortv..fM pr>m1~ ~vdi ~ ~jld 8ubj!'l('t to tlu:: ~...n" tlli\ting lien of thi8 lliort.g{lij"~ fot' thf\' A.17H'Hmt (If thl:' debt riot thtn due and u!1Pilidl!llmcn cue th~ Jr.'()- VUIWn.'i of thiA p.afHl(rapn nu.y 3i$~in ~ ay~ih~ o{ UHH...a1t€r (t'i)(Z1 t~rrri! W tim~ b)' tht' m;:)fi..~. 11 ^ That thf' rnOrt~aK(}f ~iU lii~~ hnn-'tJ;dis.t~ nc.:tk-~ by iJ~H t..~ t':r~~ :r;~)r1tr~."'~'"- Dr ahy {-1~~~~~}~ti(:;t# tran.'!(er. or thAn~ of IWintn-ahip of the lir~rni~. l2_ ThAt no W~V~T 01 "~ilY C{)V~flJWt h"t~n or of t.h~ ohUgto.t!(;;1i ~N;<J h~~ ~h.all at lWY UITh} t!i"H'aft.c:r l~ h..Jd to ix> a wai....n of th(' tef1118 he~!f or d the nd,.e ~U~ h"r~b1.