Loading...
HomeMy WebLinkAbout2534 .t"<!. ~ ~ "'-'" .J , el , ) ;Jf) Hi! 43.1 &J1l1\1J~UrilHH' ~1H;lhIUl:~, 1.8 tht' l'M<' mil}' be"l!ll(:~~. ~'<l!MrfJltf...1 by Hit' Inorli'll". 1'(' lit: slIt'!U"I'lt'lit fA)Hl\'oIUs to ~ m-..i.. u}' lhe mi.\rtpiQf, n, hQ*h'.r.~' niohUi1'y 1J3)'nwnls tnade hv th{' mor4<l4Co1 ulldt'r (b) of pa.r~Tl~p}: ~ pri"('t'<hng . lull not be 1tU1'!k1~ol to pay ,round r\'llll, tUt'3 &I\d L~"S!\nH'nt" and m4l!(AnCe prt'fniun~. l\.i thl" C~ m.ay 1~, ",h~1 UI~ Mm~ t.h4J1 ~omt' d13(' and pll}'libh', th..n ltw n)(lrl~Ri\or IShall pa.y ~l tJ'1e morttc~ lUly amount 1lf'Ct:'6&Ary to rnAk(l uplh.. dt'f~l~nc)', Oil lIr I,., (0 t<. tit.. datt' whe:! payment llf "Jell K"l'ound r...nt.., tAt.N, ,..~nentA, or lnlJLl""n~ prf'nllUIIIA !hall I,., dth', Ii at any time UH' mort.-&ilor ~h.JI teutkr tn tnI!' 1ll0rtlill..J(t" \J1 llKfl.in:1.aIl(:l' wllh tht' pn)Vi;\ll)l\!1 nf 11.., Il'J\l' s('-.::urt.,d ht>r.:by, full pll)metlt of thl' tntHe tnd{'bt~dne6l\ r('lJrt.~lil...,1 U:tt,,'by, liw mortKll)(t't'lIhilll. "Illln,- putlflji( lill' Rmount or .ud! Ind...LWnl'lM, n-eJlt 10 th~ ~n:(JulIl of tht' mortliail;or ill I pi.)nll'nt... Iliad, IInd"1 tht. provi3lOnft of (u) of par..-rllph ~ h~leol,f ....hlch tht> mortgagee hu not l)t'('omt> obll;.t'li!t'\lllI P,I\ I" !h.. Ft.J~r~1 Hou~inf ('urnmi~ij)nE'r ll-nd llll)i l~lanc(' r~IlIAli1tn' In Ult' funda acculllu!at..'.! und.'r \II'" I'r..\ 1~11l11' of (fI) of &aId pAragraph~, I f there stuul h(' a dd Ault unJa any ot lhi' pruvllilOn.!l uf \ h 1'1 mOl' l)l ,1;Ct', II" ~!.lit!I1..g in ~ puh!!.- ....it' of lhf.' prf'.lTIw" ('(l'it'rOO htTf'by, or it tht' nwrtjltll/IC>'.' ~(.'quln'a tht' pn'lwrt\ t,IL,-" WI!\.(' arter ddauil. the morti&gt'-t' th~1 apply, ,t thf' tune (" the ..'OOUll('nC('IIWl\t of "urn pro'l.'pi!ll)o(" '" i\~ UIf' trm~ tbe pNlJotrty lA ntht'rwiAt' at"'lluirffi, thle' h"!&l1~ then rt'maining ill llw (und,'I llaIHl:ul.ll.-d Iln.!." il') of pAraarapn :l pr<<edlng u a crt...ilt 1Ij'1l:n.t !,ht' ..mount 01 princIpAl VH'n ft'mil!nl!lj{ UIl~H\ld 1l111kr Mold nlllt' iUH.1l\hAH prQ})('r1y AdJUAl &IIY pa.ym','lltl! 'o\illCiI anail have lJt'en madt' UlHit'f (oJ ,,( DA"; pari';<riti:L_ 4, ThAt he ....ill pa}' 1\11 tA)(~'~, u..seoMm~nLt, watH ut~.., And othi'r ~ovt'rnm(>nlAl or municipal rllln~n, !)nt>!I. or ImJ)\',^itlOn4, for which l'ro\'lsion hM not lwoen mad" la'rt'inl1<:'for\" And ill dt'fault Hll'r,-of Itw Tnol'!- gl\gve may pal the Mme; and that he will promptly dt'IIVt'f the nffklal rt'('eipt.'l thrrdor to till_ n::)rt~.a!\",', 5, That hI' will Jl(>rmil, comnllt, or 6ut1\'r no wMlt.', lnlpalnnent, or dt't.'rioratlOll of :liil:! prul'nl' Ill' I\ny part tJH'f{'(,!; ..ud!n th.' ('\'t!ll~ of the f"I~Ur(1 of th~ rnortifagor to kr<>p the btllldlll)(8 oil M1U plt'lIlIS'>1\ Qlid those to be t'f\.'('t.<<l on util prf'flll&<.'1!o, or Impr-ovt'n\t'nla tht'r~~ln, III t':'-"'->(! rl'palt. tflt' m'lrtj{RX"(' llla) mak.! 8uch n:p.aiu U In itA dlscrdion it nllY t!('('f!1 tH'ceu-ary for the proper pre3t'r\'atllln tllt'l .'of, and th..' full a.mount of eAch And every luch payrnt'f.l ,hall 00 ifllm~tilltely dut' and p.ayab!t>, tW.J ~hllll 1ft' lH'(ITrt"! by the lirn of this mor4cage. 6~ That he will pay 8!i and ainf'ular the C(l5l.8, ehst)l;t>4. and l!',xpenINi, inch.Hl1n~ rl'il.~)nh!.l{ l,'}\\ ~'t'r'!\ 1("(0;;, and ('()SUI of al~tr~t.s of tith" In(!Hf'l'\l or paId at r.oy tim(' by thl' ml)rtgl\~(, 1...>OiU'\(, d thl' f;idt!f" nn the plirt uf UH~ !fiortg$~or promptly and fully to pt>rf,)ff:1 the ~gr~""!!l"!l~ Iud (,O\'l'l!;'-tnt~ v! Mlid I'r"n~- lMory nott' and thil\ mort~ftg,., and "ill c-oo~, charllt'.3. and eXp,-IlM'S ~hllll I... IrnrrH'd,al,'ly dt:t' IlIl') !'ilY' ^bl~ and IIh&lll~ 8('(urro Ly the 11('0 cf this t\1lJr\gajf:, 7 _ That he will kt.'t'p the 1m provt'lllcnt.6 now ('J( ia ting or her~4\fu>r ert.xled 011 th,' mor tg [1,;.,,-1 propert "" in.aur~t a., may lX' r{'Quin'd hum tmw tl) t10w by tlit' mo~ai~ againf\l iou by tlrt' and other hRt,a.rlh, C3.~ualtl("'. And continK.~ncit"8 in 8ueh a..-nounls and for ,wet. perH,,,,i4 !L'\ mil)' t:.e r('iIUlrf'd by mortj(ill["t', and wlil pay promptly. WhPli due. any pn'mIUnl!,Ol,1 Imelt 1n3u:anCt' ((.t p&YI1ii'nt of y, hleb pr'-'\"I~H'1l h".. not ll->.~n made hHt:'lnocfoh'_ All l!illUraI1C(' e.hlllll>e ciHril:~i In ('()mparlli>a apprt;H'd by nlOrt~'l)l''1.' tin.! thf> :x)hci!:'8 &lid rt'IH'walll th..rt-Df Ilhl\H 1)0(> ht'ld by tnortgAg\'., and hA\"t' attach(;\ thndo I(;~~ j>.l~'alJl(' cl8.W!~ in favor (If and in form A("{'I'ptablc to the n\ort!ofagt"e, In ev"nt of l(Ol'~'1 IH' \\ill j{1\t' lmrm'di;lt.- notici' by mail to mort~aK'-{', Bud mortgsKi.'t' may m&kf' proof of I.JsM if not made prornptlv by mort"aSl";', and each inJ\urllnce ("'(>rllpany rOII!:f'rllNl i1\ hrft'by authori1.M Rnd dir.-<"t,-,I to rTIak.. pay 1lH'1l t f.lf ,..uch 1~1I dlT"t~tly to mortgilj{t't' lllllll'lld of to morlR1\Ki)r and nlOrtg&it'e Jointly, and ttw HIIHJTarH'{' pr,f('t,<~d~, {Or any p.e.rt thf"rt'of, may lw apl,lled by mortgl\KC"1.' at ~t.l\ option f'ither to the ft'<1uctlOn pf \tw II1.!d'tl,jrH>~' h{'ri'bv ii-e<ufl,l or to lhl' ,,-'stor&lIOn or h'pRlr of tnt' prop(<rty dAJloa~wd In f'vent of f(lrt~lo;O.\lrr' of ttll~ ml'tti{&f{e or OU\i'T trAIUI:{'r of tlth' to the mortj(a~(~1 pr(l~-.erlY in f'xtlflj{ul&h!llf'nt of HI" inddJk;\rH''''' {I(>('ured her~by, ..I! right. tItle, 1H1,,1 JIlterl'at of thE! mcrtB~nr III and to an)' In!HlrIH1Cf' POliCh'S the II In fOft" Ahaii pM3 to the pUf(:hM('r or Kr~nt-ee, H, ThAt the mortgllIF-e ml\Y, at Any timr pl'ndWlf A suit upon thi5 mOr1jl8l<\', Ilpply to th(' CO\ltt hn\'- insc jurii!diction tht'H..)f {or the' Appomtment of A Tt'Ct'ivt'r, And 811Ch court Ahall forthWith "PP'Jlllt it r~(,lver of the pft',miJ\{'6 COVNl'd twrt'oy ail and slnguilsr, mdu~liiilli I'll and ainifula.l" the lr;C(;flH', pr.[)t!t~, i8AU~, And ~v{'nll(~ from what('Hr rour~('! (\Cf\VN. (.Ath and e....ery of wh,th. It L..-ili~ (-:qln1'o-"ly und,'r, atood, iA hereby oiOrtgagC'i M if lJp'c'Ciflcally ~et forth ltnJ dt"ilcnt.~,'d in d\.~ f{rantinll ..n,t hI.lio\.'lHium flau!'>l's lH'ff-Q(, and tluch Ti"C('iver shall have all th(' broa Ii And effoctlVt' fundlOn~ ant! p;;W('r8 111 allywl'" f'r.lruMt(.'"'(J hy ~ ('(lUrt to R rf\C~i\'rr, and 5u\'h tii)r~);ntnh?nt ~haH t~ rn:&d~ by ~u('h f-.H!rt ~iO[ !!!1 af~rn}ttf~~ (~luity and a matte!" of Al~l\lt(> nght to UH,t mlirtgag('-i." and Without rden'I1('f' 1.(1 Ihl' ad{'(luiH')' or illll.J- t...-jUliCY of the value of tht' propt'rty rnortll'?X'ed or to till' 801v(.ney or in~()h','rlC)' Ilf /laid rn(jrt~"j{ur Of tilt' dd,"ndant~, aml thAt I!lJch rt'nt.3. profttg, IIl('urn~, luues, and r~\'enllea fihRII I}{> Bppllt'd by !lilCM r.-,.'i\ (Or at'Conlml( to tht: 11<'11 l!! lhl!! mortj{RK(' and lhl' rractiu. d Ilud. court, In thl' ('\'rot of any ddault ',n nil' part of t1H' m!)rta-a~or i1H\?undf'f, tht' mGrt({R~Or aRn;e~ to pay to th{llnnrtliti's~t'{' on dCrllfWl1 a.'1 :l tl'll.'Wli' able mont.hly fl'ntAlfor thl~ prnniiH'fi an amount Ilt If'ut eqlli'illh~nt to on('-,tw...lflh (1'11) of ttw al(l(n'y'i\~t' of th!: tWt-Jy(> monthly in!ltallmentJl pa)'Abk III the tht'n current YNU pitH! thl' ~ctlj&1 amount pf thp annu;ll tax(';! l1h.'\p:Ymt'l1ta, wat,,!" rat~~, aDr! in.!utana pTfmiUm8 for fiueh y,>af not fmTrptl by the nf,)rl'Mld monthly p:aym!'nts. ~I Ti.\t' rnort~t\~or (urth~'l c':\"IIHIiL" that llhould UllS !l1(Hl?a!l" ~i~l thl" not.' M'(l)ll,d ,h.'rd,y !lot 1..- "]I;':II1!.. fOf lJl~UmIH'(' undH tne 1';alll'illtl Hou!!lng Act Within ,jQ OA(~ from t1le datt' "n.'''! i wntkll ~t.atnn~'lIt of l<ny "thCFT of UIl' F....lt:ral H')Ull1ng Admlll13tratll'll or R!ilhoriv'tl BII;.'nt n( !Iii' h'dl'ml Ihj\l!l!n~ ('"n;nillV\IIJl\pr dat,,'d !\ul!&:--(,Illf'nt tn the 30 D:\Y$ tlnw from th.' dlit.-Ilf thiS mort;ilij.!l', d("(lIl1illlo( to W1HIf(' gall! 1I0t.' And ttli~ llHirtgl\j(f-, l)('tnt{ d~.tnnl c(.nd!J~lv,' pr-(x/f of _<,\lcb Ill, I lI~dlll;ty), thl' mortgali"l' or tht., 1101.\.'r of tlw nott' ma}', at It1\ OplHlll, I\.-clan. illl !Hlln?; !\t"(un-d hl'rl'h', llll!flt>dlatl'ly dill' illlllllaYl\bl,-', 1\1, Thilt (u I ,11 th.: f'\t'lIt !if any !H"H.th ,,( thrJ\ nll)ftKhi;" Of dtfnilil!lll UI(' ~klrt of tlH.. njl)..t~i\llur, 'il I [,) III thl' ner.l that any <if :;;\td ~um.'l or mOIll'Y hf'rl'ln rd"rfdl tl, lw !lot prot11ptiy IInd fuliy prlid w;th, uilt ..krnfilid O[ not lei', ur (I') In IIi'.' ('vent that !'llch and .".cry Hit: gt:puiatIIIIlA. av.H't~nH'!lL,;. (t)fj,Ltluli!>. and C(l\,'wwts (If :SAid notl' ilnd thia fI1Urti{itR"t", .e.r.' llot duly, promptly, lInd full:. pNi'(,rnwd; OWfj II! IlttH'r or allY l\l.l-::h ,'vt>nl. tIlt' iitl;d lJ~){T,'f{jlk !lum 11!I'l\tiolil'd ill "..alIi 1I0t,' lhl'i! n-:1iilllll!lj.{ Ulll''''.!' w:tL Inlt'rl'st EH'Cnl<.'<j to that tll1h'. nn.! all tnnn<"Y!I ~t.'('l!n>d hl."l','by, ~hAI\ 1,,'('o!llP ;Jut' allll IIh)RLl.' j"nhwlth, pi th.'ll'.tftt'r, at thl' optlO!l of ~i11.) mortl('ui{n', 1\/\ full)' flnd compktdy iU If ail (If UII' f<iud ~lIms oi mol..,! \'.-1.' 'Ilgmally :.tlpldiHt'll to ~Jt. p;wl ol111ll(h dUj. lw~,thir;g If! rt~i(\ i1ot~_. or 111 till;; fli'lr!i(l\)(" to tlll' ("'liml) nrJt\\lth:'ltR!ldlllg; and thl'''-1Jpon or th"!"t'aft.:'r. fit dlp opt:Gl! of !i\id rnort~l1gt'(', WIthout notH'" or ;!,'Tnand, ~!Ilt at law or in ."ijtlit;" lni\) I,., pro"'H~utj'd 1L'l If ail HWnf'YI\ i'..;:'(ur;~<i ltf'rdJ)" tHHI rn&lun,d prior to ii,' lll~t'- tutlon, Tn.. rnortg-aw-",' niB)" f.,r.--c!,loj!." thiS lll(JrtgAg-t', 1\.11 tf} th' amount so o(,<~I8f.-d rlll., <wei paYHbJ.', I\lid nH' !l3\d pn'ml~("" shall ili' M!d to Mil'!)' l\lId rt<\'i thr- I'AnW to-i"ethPf with (O~tJ\, ('):jwn1'('S, and ;:\1:1:\\ ltnCf'~ ! Ii ,'8......' of l>8rtn-ii (()n~:h!;;ll i' of thl& 1!10rtgRl{i!. tilt' rn')ft~f<1 pi~-,ni~(,,, ghali 1.Ii' 1101..1 8uh)!'~t tu UH' COP- t!l\1I111i( Itc,n ollhl~ mortRllllt' (Ill' tht> amount of thfl .kbt not U)€'n lhl!' l\JirlllflP:U<l In such ca.,;,:, Ow Ilro v;giul\!\ of th!." parl\WRl'h may sg-llin Ix> AV3!h'd ,.-,f thi>n:.aft-.:r from l!m" to tlnH' by tht rnort"li/{h', 11, TtUtl liw mor!gaJeur will give Imrr:tHiiat(> pollet' hy fIll" I V, Vi!" rnortj(al/;'''' III an)' ,OnVI')&il(l', t ransfrr, or "o/mif' of OWOHghip C'f thp prNllilW>ll, 1 ~ ThAt nD w.ll.i\l~r of llny covenant h!Jj~in or of the oLi:gMHln lH'<:\HC<<1 hueb:. Rhl\11 Ilt any tlll~' ther,'.aft.('r IX' hdd to b~ " W&IVU (}( th~ t~tmA h"'H."Jt (iT of Uw not<> M:<'ure:J hfH"~hy_