HomeMy WebLinkAbout2325
(
:; ,
e'}' I
5fi ~llof 223
J
&nd inJUfith('t) pH'miun\Jl, M Hw (~may ~\ ~ ....W<CHd\~,d by th. Inorig~ on .1Iba~!~\
~ul{'nt4 tL) be TnAde tiy Ul~ ~r, _, ho......r. the monthly ~Ym4'!nta ~ by tM mori.({~r
und~r (b) of p&.r.......ph 2 pt~1nr ahAll not b. /IIU1IkMat to paJ ~d Nlnf.a., tAx.. and a.saaum~ll&
And it"UflU.C'O prelulum.e. 6\ot th. cue may be, _ha:t ~ um.e ah&ll ~ due and Pily~kl, thtt! the
nWft~Ai'or sh..n p&~' to th. :norta~ aJ'Iy amount ~ to mUA up the defklt'tlC)', (}fl or helor" thti
dill" Wh~fi p&ymtl.'1t of aueh ifT'OUnd NOta, WM, ~ent.a. or ~r&DC1tl pN:mi\UN &hall be due. Ii
at any urne the ft)(lrt.caaor &hall t.nder tel tho. mo~ L.'1 lIli<<O~ _ith the pTOv~ionl of !h~ flote!
~ur~'(i hert-by. full Pft.~~ of the entire ind~bt.dn... repnMnted thenCy, the mo~ aha!I, III Ctml-
putillM t~t'. &mOunt (If wc.h Indtibwdn.... (~it to lh. Kcount (If t.b0 mort<<qor all p.armt"f\U made undt'r
the provision. '..f \0) of ~'\fI.r"'r&pt\ 2 b.r~t which 1M ~llof1.a'a.~ h.. not t'oKof1)e obll.&t~ lt1 pay to th",
FederAl !lou.ln&' (;onunl...dol)$f and any balance N'Jn.inln' iu the tuudIJ ACCu~u.latJ!'d un~r UW pnl\IAIOIl.
of (b) of aaid pa~&lrap.h 2., It tht!l"e -.hall be, a de.f~t undt-.r LV' of the j:.>n)vW()~ of t..''\I.. mortk{ll.i~, r'\'-
IUltln~ in A public we of the pr1lll1H.... cO...~rM hf'reby, or If th~ mort.a.~ ~ulr~ the pr.J\-.erly othtr-
wi"", af~r d~f.uH, th~ mo~ Ilh.a.ll t.ppl)', at th~ time of th~ OOfl\m~nnm\ent of .och ptr,.:t"i"iilllil or ~l
lht' time thCf proDtrty Ul othl1ltWIH &(qui~, th-: bAla.nal ~" ~aininJ intht' rUndl&~Cumui3te-<.l und-:f
(b) of ~ragTAp'h 2 pf'l'('ottdmg as a cf't'odll ~<at ~ &mo}tml of prhltlpa! lh~n ".nlfllfll.ntr unpAid undn
aaid oot,(! iU'ld wll pro~rly adjUAt any pa,pnenl& which ahaH have ~n mw und~r (a) of uid pArl.jrapi1.
4. ThAt he will ~\&)' ..II tJ\Xetl. a.u~.mf!nu. water ra~, and ot.her I({)v"mmentAl or munld~~AI chl\rjF"\,
"nu, or impollitiont. tor which provt.ion hu not t~il madt> heffinbdot'e, and In default thnt"Of \h.. molt-
aA~ ffHl)' pay the ....me; And th.t he will proffip-tly dfJliver the officilll n"C'tipta lht'rdoT lo th(' rr.ortg&l'rt'.
6. That he will p(.rmit, comrnit.l)r 6utfer no wlUle, lmpainnf*l\t. or dct~rior.tl(:n of /\.Aid prnpertj' or
&l1Y ptlrt thcf'e()f; and in O~e event of U1(! hilure of the mort&ai'Ur w ket'p the bUlldl!li~ on uHi pn'mllH'~
and th(~ to be ert'4~teti on aaid p~i..,.. or improvemeillA the-rron, In good ~r-ir. th~ mOitKagO:'{' ll'll\)'
mak€' much ti'pain It.S 111 ita d~<:r~tion it may dl'oei1l neet'NAty for lhl' pro~r pl't'${'rvAtlOfl therN.lf, and th~'
full amount o( eACh and t'\;ery Iud! payment .hall k)(! immedlAtt'ly due And paY$!Jle, lmd ahalllx> !('Curt"!
br the lien of thia n;orti&.('e.
6. Thilt h~ will pay all ilnd singular the coat4. chui!t~, and f'xpen!t'lS. lnclurllng n:uollab!r b~w)'{'r'~
fH4!. &I1d wetA of awtnctJ; of tlt\(', inrurred or paid at ao)' time by the mort,,!gt'-\~ j)(,,(,AtHSi' o! tho' falluft'
on the pliTt of Ll-te mortgagt)!' promptly Al,d fully to perfoml the SRfl'l'/Tl^?nts l!I.nd rowllf\flb of Mli1 prl'fll-
luory note and t.hia mQrta~. and ..~tld {"(let-a, chu"., aQd ur~.'n~ shall be IlnnwJultely due and pAr-
ithlu and oJuali 00 loOCured by the 111:11 of this mOi'ti~,
7. ThAt hfJ will k~p the !mprOHmen~ now exi.atlni or ttt'reAftN erKt('-d on thE' lI1()f\gAgf'd prof>1.'rty,
in.5urt'<d lUl mAY be requirt"d from timE' to tim@ by the m(}~agl"e Aiainst krAiI hy fir!> and OUiH hatlHds,
l'.uualtli'l8, .nd conUni{,ilel~ 111 auch amounts anu fur such period!! 8./J mA)' l~ rt"QUI H'\l by mortl{R)(t't'.
&nd wi!! ))aY pr~'mpt,lr, when dut> any premiuDUI on ftuch in~ura.nc~ tor paYnlt'llt of whl.}) prOVISion ha."
not ~n ,made nef€mbdo!1:, At! lIi!tlrar:c{' IIha11 t)f~ carnw lt1 companit'.'i npproH'd b,' rnortgal(\'t' iUlll
the POI!Cl~ Md f"t'newll18 tht'rpof ~hal1 be held by morta-ail";' and hs\'e altache'd thaeto klM pa)'8tJl~
c\At1A(~ in favor of and in form acceptable to the mortiagt'(', In ('w'nt of IO~A hf' will iiiV(' imnwdiate
notice b>' !~'jai\ t..o mort,i'a.gf-e, and mortglt~~_' rlllSY m8~(" pr~r or 10M Ii no{ made IJr~.mptly hy InortiAgor,
and eAch I\l!\unw((' fompany cOnCl'ri'\N IS heft'hy al.itnoriud and dlrt"Cl.-d to IlHlilC paymt'l\t for J\\.J(:h
lo.u dlt-.xtly to mortgll~ in!itead of tn mortgllKor and mortliil1lV-e jOintly, !nd th{' in1!uran('{' pnlC('('d!l, or
any part tht:/eot, maybe appla~d by morti(ilge-e at ita option eithi.'T to the T('<luction of th(l indt'btt'ilrl~
heT<,by &f)Cur~ Ot' to the tt~torl\tton or ft'plur of the proPf'Tty damagN, In e\'t'i'\t or {oit'C!r~un' (,f thl!'l
mortv~~ or othu tr4i'l&fer of till.! t':l the mortiAgM pro~~rty in €'dHlgtll&hmrnt of the IIHldlth!nf'M
.~un~ h~reby. all right, title, and I!lleri'tlt of the mortaagor II'l And to Any InIlUfaIlC(: PQliC il?!I thell III force
A.h&.ll pAU to t.he pur(h~r or gT&/lt..e.e.
K That th~ mOitgage-e may, ilt any tllnt~ l*ndlnj' a suit upon thi.a rnort"l!\g.... apply to thl' CO;Jrt hllV-
wg Juri.dlctlon th('a'Q( (or the appointmE:nt ot a rE'('~i\'t'r. l.nd luch court ahsll forthwith appollit Ii
...e<:t'lver (If th" premi5t'i1 c(!\,erc,d hHeby all Ano allliullll, including .-.11 ~nd Illngular thl' in,omt', proHL'j,
I MllClS, and ff!\'(,f\Ut'lJ from wh14tt'vt'r /Klure/.' derivtJ1, each Slfid rvtry of which, it !1f'lnF (,y.pH-Mly un,ler.
IItODti, ill hereby moriip.g~; B.8 it sp<<ifj(,1illy &et forth And dM<'riOOi 10 the ({rantlflj( And hal:wndum dl\lI!H"S
h!'rrof and such rf>{'('lver !h~lI have all tilt broad and t'fi'edive fun<:tlon.!l i\nd powC'Fft III gnp"l!h'
enlfu~t('-(i by " (t)un to a f"t!(.~~ivt~r. iliiti iijch iirJ~Jt}intm~lit ihAH ~~ ~;(ad~ b;,- ~~~h ~c;~:;"t ~~ ~~; tid~n;tt~"'-:!
('QUit)' and,. mAttRr of ab6iJiute right to uid mortgAife-?, And without f'{'(t>(t'fICt' t.. the ade'quBe) Ill' Il1s<l-
HjURtY of the ....ahw of lh~ prop.ert). mortgaK<,d or to the fi,ol\"'!1cy or iflM!vl'ncy 0f !airl mort5{iilorQr or the
ddt'ndlHiUl, and thAt l\ucn H'ntP., profits, ir:('(lmt', i5.~lJl"$. and r>"'V(:oun .hall be applii.';:\ by Auch n'{'f>l\t'r
a~(ordlni to the.' !it'n of thlll m?rt~a~(' And t1l(~ pr>>.etice of Burt! court, 1/\ the ('vent of any ddault on tlH'
pftrt of tht' mortRAl{Or hHl'liilOeT; th~ mortK3f(M ~r-eE:~ to P!\Y to the mortgagN' on demanri 1!.'13. ri>a..',(.fi-
ablt> monthly r('fital for the prt'!iil!H':$ an amount at Il'Mt l:'\'j\liva!l"flt to O1w-lwelHh (1'11) of the It&'Krf1{i\\<'
of the twd\'t' monthly Ill1ltilllmf'llt.'l payabj(' In the th~n currt:>nt Y@3T plun tJi{' Actual a.mount of Uw annUAl
tal:eF" ~ument'\, watt'r r{l.t~. and lnllUrarKe prtOllUffill for such )'i:Al' nol ('ovHrd by th.' aforrui<l
monthl)' paymN!U
~I. Till' mortlo{il;.fOr f~rtlt\'r C1.'\\'ililtlUl that lll!o\J!l1 thl~ mortK'~X(' And the Ilol~' 1;{~ur('d hl'Tt'I!j' not 1;(.
1.lli(d)!,' lor IIlJ\urnnn' tJ/lth'r th.' ~atlOflal Ih'lj!\lflg' Act Wllhln 3U daYlil fHlm the datI' ht'ti'of
(" fittlll l'iUltdlknt of an)' "nker (,f th!' h"Jt'rs.! Hou'!;lnl{ Admlllllltratlon "f llulhorttt-d l!.R"llt of tht'
h'ikra! I !O'.!!\llll{ COi!lrnls.~I()'Wr dakd 1\uhM'.qut'nt to tlH'afOrC86 id tIn\{' from Hli' dilt., of HUll
llH.rtI'Hl{e, dt,,_llnin,.; to llI!'iur,' AAlil nr.!,.' and H"lla mortgaKI'. l.>f>llly' rl.'nnt'd ('onclu!!",!' prno( of IIlJch ill-
l.i'K.billt)'i. the mottKIlR\?" !)[ the holder of tht' flott' may, at Ita ..ptlon, dt"'{'jIHI' alll'ilHTlII ~"\'lJn'd lH'rt'hy
Imm..r1liltdy due Alid paYRbi.:'.
iO Th,.t (<I) lfl till' t'\i'llt uf any hn.,trh of thlfl rllort~iloit' or ddault tIn Ihl' pi<rt of HII' rnortgaglif, or
! /.) Iii th.' "\,('flt thl\t fin)' of Mid l'UllH of money her.'1n rCl(>frNt to bt. not promptly and fuBy plW! W JIll.
out '.I.'nu\llt\ or llOllC;:, or (r) HI th~ I'vellt tiUH eJL!:h and (''''l.'ry the Atlpulatiiin!\; aK/l~m~tJ~. condItiOn!!.
alld cu\tlialltA of Mid !lot... and thl.~ rnort{llllgf'. ">ft' not duly, prtJmpUy, And full:-' pt>rformhi; thl"il in
"ltlwr or 51,)' tiu,h event, tht> aiud &j.CtFt'flatt' 8um mo,tiOHui III said l!Qt(' tht>n H'ffiaJnlf,,, Ullil<'ll~. wltb
Ifi\t'fI'~t an.'r1lt'd to thf:t tmH', and Al! mo'fit'YIi M'..::un:'d h~FCb)', l!hr.ll be-COII\I' due .and payabh' (ort!jwlth.
or Ih"rl'l\(tN, at the optlOll o( MId m(Jrtg~H" l!1l full)' and (1)mpid..:ly M if l1il of the Mid 8utn.1I of mOlH')
w,'n' n'l{lnally I!llpuli\l{'(i u) l,c paid 011 t'urh dj;,Y, Allythioj; iill\J1H HOU:> or in lhi.ll nlOft~Hg(' to Ull: ('(tntrar)
fl"t"'>ltil!!t~nc\illg; and tflt'T.:UPOll or Uu:reafhr, at ti:., optIOn or uid m'Jft~t.'('. without /lotio., ur dt'ni!Hld,
i'llIt I{t. lHW or in f<'.juity, OHiy I~ prl>.4....'<:ute<1 U if Ill! mone}'~ &.\:.:un'<l h<:r~by i\"d Ol&tur.-d prior tn itA instl'
tuti"ll. 1'11(, mort$(A!(t'i> may L,rt(i~(' tnl!! morti-agt', V.l\ to Uw llmounl &0 d('Ciar("o-i dll(> And t).'\yabif', filJd
th.. 1\:lld r,r{'ml~~ ~hall tm !!>Old tn ""Ul\fy and fM'}' th~ ~m~ t(>ifl'thH ..vith rr,jltlt. (,xl*n1'R~. nn" I\lloW&flC('lI
In fa,'H' nf partiel (or~lo~\Ilr'" of thil! mNtgltW', tM fl101tgaQ....i pr!'milv.ca .!ihtlll t~, !ol(\ &lIbJeet to thl' con-
tll1UllJR' 111'11 of thi!l mortgi\gi' for thf> amount of Ha' deht not tht'f1 du(> And unpai<1 In [;Udi (AM' tiw pr".
\'i~IOnl\ of th!!1 para21'sph rru\y Rlf8!!1 bt' p.vailHI Qf thHt>after {rom tlmp to tnnt' by HI" f/iortg'IlFt....
11, That Hi(' rnortg~"or will givp imm~'<Jiat" notk.' by mail to the mortg&{(f"l' of any CoIW!.'}'S\.lin'.
t rl\fl!\rt'r, or (hi\llltl' nl OW1HTflhip of Hi<' pr..mi3t'll.
1'1. ThAt n,) Wi\.IVer of l.\ny COH'nKnt herem or lit th~ ohlij(lUwn M~ ure.d h"!rf'by ~ha.Ji At any tirr.f'
thl'(!'afkr l;e twld to l~ It waiH'r d thE> tftmi Iwri'Ol (iT of th~ nt)t~ ~ur<<.i hfff'hy