Loading...
HomeMy WebLinkAbout2766 II o (:1' (' ," I..) j ,H,[ JUD () 6) . ~'.. . - - - &t!d irauranre ~'r~tl1ll1!ta. LU thl' cu.' may ~, i\u~i ~~(~ .iHliJ~ 'b~ll>y !lit' /lli.Jrt{(i1iC'~ on f1tll-'-'!t....~uon\ ~I:'~nt.a to be lu.adtl Ly the tn{)rtll~T. H, however, thi!! monthly a...)'n;..r.tA mAd!:' by (ht; Irlt>ftgllit'or under (b~ of pa.n,v"ph 2 pr~hl'ti' shAll not be auftkl.nl to pe.r p-vw~d r@nl.l, tales And a...~'$MfI~lIt.a And iMurMCe prOOlium.ar U Ow f&.ite mAy L\f!, whtm th" ~It(> ah.a.11 ~.me due and l'l\)'lLbh', th{':! tht, mort,-.g'or '*l.lll! pay to the mortc~ IMlY amount n~-.....r)' to mUt!l up lhfl d<f>~it'f!C)'. nn or hd',)f., th" date when PA)'rnt!ut of IlJch ground rtIllU, lAllill8, UIIo6UmfmU, (IT Insu.lan~ prOOliunu ilhAll be tlUI'. If At anv limo the mortltaa-or ahAlI \4tnd~1' t.o the morti'&.lC~ in .:wrdanee with the pro'viaion8 of H.t:' nol.' &('("ureJ h~N-b>" full p"'Jnu~ut oi the enUr~ Indebt~neu r-epNlHnt6d Uwrcl>y, the mortl~i'~ ahall, In \uln- puUni{ the .mount of .och lndf!M,od~. C~lt to tJH' a('count of thf! rnortl~r all P.l&)Tlll'Bt./J JIlAd." cmdn lht' pru\'illionl of (11) of (:<4I'qT&ph 2 here<l1! which the mort&'~ee Ii... Ii,:.l b~.xome l~lIiiltl.><! lo pa\' to the }<'",It>ral H(>~Ain. C..ol1illliu\.oner ~nd any I~l.nce rem/llnin. in th,e lu~d.e Accu~u,i4t~ under th(, prll'\l!llOnS of (b) of u~d ;)41T~l'Aph 2-, If thu"e Ahall Qe A de-Cault under All)' of the pron.llotli of thl~ mort/PH'.', rt'- l\ultli1il~ in ._p~bl!c ~le of the pt'f~ni~. co'''~~('l(1 he~y, or if the mor~..tt~ At:qui:~ till' Vft.'pt'rt\' I,thel- wi~ IU \~r Qt<i...UI.... ,.ne mon4"'~ "nail APPlY, "I. tHe tlm~ 01 we C'(.rnmencef1l~'n\ OT aurn Pl<.Xo'i-.:IIIl!o:1l or III tilt' lime U\~ J:'f1j~rty l.!l othf'fWUMt AC'quinsJ, the balAnce t.ht>!f r-ern.aini~ in the fundA lccumuhHi'(! under ~~)-' ~~.~.:~~~, ~._~~~.I~J.~.a_:~~~~_~~~_~~_~,-~~~.n~_~t~ ~ri~e~~l, then, rE'l~a,!ni!lilll!IP.!\id \lnd~r ~... .....J~ _~.tl' _.wli....'IS -JH v~~.~ .......J ~~ -..ul ."...1 u..~ U\oO - JH,"-U ..nail u.y1:" tJ"'CIr:tI ll1au'O USl\.i.~1 \ '-' J UI a...a;u pa t Ill(! KllH. .s. 'I'h.u h." will pay ,,11 taJ.eA, li.Wot"'lNIDftlt.A, 'Hiter ratt'G. .nd other iOvtrnmE'ntal or municipal fhElr~\'!, i\n('C. or Impo.ihon.t, (or which proVlAiOIl hu not ~n ma.d(~ hi:reinbcC(,Tt>. and In default ther('()f th.. mnrt- g~l m.y pay the 8JUIlC; llnd lh_t he will promptJ)' deliver the omdlll rf~('ipl.a U)('fl'fl)r to HI!' n~')rtj(i'lKt":' O. That he will permit, commit. or 3utft'r no wute, iml)Ainnt'ot, 01' de1.t>doution (If &aId III uf~rty or an)' J..),{U"t th41'I'Jo!; and in the e..-ent ~lf the fa!lure of th/! mort.&qur t.o ke-ep the bliildlf)~1 on MI(i prl'flii~t.~ and UI06(! l~ bot (:N'(too on l'aid pr('m~, or improvt'mf'i1t-A th<-N'OIl, in good u'pAir, the mortj(8jo(l,(' IIlilY fllAke 3urh r-epain u in itA du.n-etion It may deocm ncc..eM&ry .for the p1'Oj>t'r prt'J6t'rvatlon llH'J(nf, and thl' full amount of e&eh and t!Vl'r)' lIuch i>ayrntnl IhAJI be irnmedlat~lj' due a.nd payable. and ~halll)(' !l'Cllft'd by Ule lIt'n (Ii this rnori.ias~ 6, Th.\t ht! \\'111 pay ailllnd singular the ('00 la, chte-Tllt,,*, and e)(pt'n!t~, Includlnt{ fl.'MOnaol!' 111\\:, l'r'li t~, Alld l'o@t8 or ~..lu.cta of llllt>. incurred or paid at any tlln(' h)' tho; mortj('&8'-'<' 1l-("('IHae of the fmlur" on the part of the mortgllgor pTomptl~. And lull)' to JX:rform thf' agrt"'t':rH'~18 and COVt'llllnt.'\ of MId pr(\!IJ- lM<.lry not.~ a.nd thltJ morti'l.(l" IInd .ald cost..s. charg_. And e-J:per.s>c& .hail t't? IOHlie..l1tlt~l) dUt' and pay. a.ble and shAll be ll<"Cured by till.' Hen of t.his mortaag-", 7. That he will k~p the Irnpro\'emellu now (':ti.atJng or h{>!"(>&(tt>r tft"l:t.:d (oft the rnortgaio(l',,:l pr01H'rt~, inaured u may be rf"(~uitt'(! from time t.o tlm.- by the, rnortiliK6e &gllin~t h'\8 by' flr~' snt! (tthH hlHlHd!i. t"&lu.lth~, and contif1gE'l1cie6 In Auch AInOUIlt!l and for lIurh periodJl M may l~' f("~Ulff'tl b!' rnurtj(i!x"', And will Pl-Y promptly. wht.'rl due, any premiulH.!! on l\u<:h inJlurAnct' (or payment of which pn..\'I"IOII hil.~ !l()\ ~ made her-~inb,l!fOf't', All inAuul~~ &hllll be carried In Ci)m~11I~ apprllvt'<1 by mortgli~t'<' lind U'H.' pollejes And renflwAl.s Uwrt'Q! aha\! l}('l held b)' rnort~"'t:'<l sna hll\'~ attacht'd thrr('tn 10M p&yabll.' cla~ i!l favor of and in rorm accepiabll' to thl' mortgiiiN, In ('vent of hl;M ht' W!lI l(1\f' nnrn,"{llate notice lJy Uilliltl.l rnortia"l~. And m()rtia~\'<.'! may make pCt)<.)f of fo.M if not made pr-':Imptly by mortllilgur. and (,4(h in.lUfAUi:'e company roncerne.:i III ht:reby authoriIed And dirE'Ct.ed lo makt> J>Ayrnenl (or !lHch 1014 dln?dly to mortiit.ge't' inllli'ad of to rw,rtgp.,ior and mortgRg~ jointly, l.\!id the iIllIUflin(I' pn-.c.:rds, or any part thcrt.'<Jr, may be nppltt'il hy mOitit.a't"e at it,g option ('ither to thf' rf';i:~ctlOn of the Inth-bt(.dnffla h~r~y ~u!"~ltJr ~! UU! t~::.!tor.!.t!on or !"e~!r of tht'\ pr-t);~rt)~ d~'11~~~~t !n ~~.;r-nt of !:Jfe:k~~u..~-' tj! thii n-1ortptfe or Ctit~T tran,l!fer of title to the mortgsg(!(! propot"rty in ntinjlUi8hnwnt of the In<!{'btl'.lrw5A ~1.In!'d h~n-,by, all right. tilkl, and intHt"!tt of the rnort,.;ror 1n and to any IMurant't1 pollciNltnt>n In for-c~ t.hAll paM to tJva pu rr hu.er or gran tea R. That the Inor1gAgE-e may. at a.ny tim~ r~ndllli & /lUlt UpfJn thi8 mortgilf{l" apply tu 'h~ fourt hilS, log juri.3diction lhl'H'{lf for lh~ appointmlC'ot ot a teo_~~iw'r. and such <'O'.Irt l\hllll forth.... Ilh apptllllt ~ rio(dVi3f of th6 pi-=ilij~(~ {'-UH~f~C !a'r~iJ} Jtli and .nlllsuiu. inciudll!i' l.4li alld, .inifUlar the llln.mw. prOflll. 1'u!JI.'S, And ~vt!nu~ from whatever lotln:~ tit-rived, e.a.ch and e\'H}' ot whIch. It l.-.clnjil' \:xpreMI)' untll'f- atood, 13 hNcb) morti&.gt.'<i aA if .pedfiOlJly ~t forth A.nd d(;e('f'illo(~i In the grAntinJ{ li1:tI hal>t'ndllrll ciau~l'i! h~reof, and 3ueh H,(,t'ivH shall have ,,11 the bmad and f'fftXtiv*, functiof1~ an(l powpr5 in iHl\'WI.~P ..ntnl1ih-..:J hi' ~ court to a riX.('iVer. anri such app()intm~nt "hall he made by such court M illi ndrn.tt,..d ~!jity A:1C! 11 nialt.('r of ftl:~l\ltf.. fight to Mid mOrti!8gN', and WIthout r-ert'fl'IlC" to the a<l(''fl\la('y ('f iliIHI- €(lUM:Y of the value of the proPf-'rty mortgilge.d or tn the &OIVi'IlC)' or inllolvepcy d ~aid mortlo('aJ{ol' or the defendllilWl. And that Aurh n'n~, profits, IIIcome, i.-.aUNI, and re\'t'nU~:3 ahall l*. applied by such nYi.'I'.H a<<ordini to lht' lien of thl!l mnrtgaj{(> And thf' practice of iu(h court. In the e\'t'nt of !iny ddll\Jlt oli till' part of t,ht! mortgagor hl'reunder, the mortl[agor &gr(.....8 to pa)' to th~ modgag(',-, on d('man!i B.o; a rf'H",i)f\' ..hi" monthly fi'ntal fot th~ Pn-'n1!.<;l'j! :on amount tAt lelUll (-(~ulv&l{'nt tt) one--tweIHh (~l ,) of thf R~j{r,';.:.ttr' of the twe!H monthl)' lTlJllallnil'nts payable in Hit> lht'1l curr~llt )'(.'.9.r pil)!i th~ l\clual amount of the .'\!HIlIal ta...~~1 aMeMmenta, wati!r ratee. And lIUllltlH!(>: prt'nlluma for l!Ych YNlr not (,o'.'~'r{'d by tli<' Hf"H'!l!iifj monUlly paymenlt.- ~" The mortj(<'.i.or furtlln lO'>'('hilllt." that l\lwuid thlll rn{Jrt~iig" fwd Ui{' nott' becl!r('d ht..'nb.. !ll,t I", diRlb!o-' for IiU~lJrillH'(' u!\(h.. the Nntion!\l HI.cUIIIII(' Act \'lIthm 30 DAYS from tht> dilli' hH..;,j \ writl,'n ~taknH'nt uf Rn)' (Alker of th.. h"dPral Hou!ling Admllilstratwll 0;' iluthor:l,-'d fi~..'nl of tilt' ~\'di'f"l HOUlu,n6 ConlInlMlOfiH datn.l 8lil~u\:ht to tht.' 30 ,n;, I) tln1l' f/"lJII1 th,. ditt" of thl~ !Il\)rlgi'..gt'. r!t'(lInlnj{ to lIl!SIJr~' !>.'lld nnh' And UIIS mortl:'fRf', l).['lllg d(>('ilIr'l! COUclU3lW pro.)! (If ~udl 1Il dlglblllty), H.lt! mortgi!~{'''' or lilt holdt'f of the not.., mal', ilt IL"I optllJJi. .kd.aIt, AlIl\um~ I',l'<:ured h"f,'h} lrnm!-.:ilntdy rllk nnd pt;yatJl~, ,ii), Trail ((I) Iii tll,' P\i'llt (If I;ny breadl of thlll lilortgugt' or tit.fault O!iPU: part (If th,:, mort4{flf.;or, or (iJ) In the ('Wilt that an)' of e.;"id slJms of mon(')' hf.'rdn refer-H.d to b(- !lot prnmp:ly and fully p-;wl with, out d('lnRUd or nutlet', (ir it) in the (<H'ot that (-Adl and eVt.'ry t.he !\tipuiatturlS. a1{rt't'fliPfIl1!. condltlOn,~, and C'livl'nanL'l of uid IlnV' anrJ thi!l n1Oftg'A~--e, aft' not du!;'. pr'l)mptl)'. anf! filII!' pNfonTw{\: tb'n Hi eltha or any such ~Yf:nt., till' Mid iLUftJgati' l!um !nfntwned ill ~itl not... Own remaInIng' unpaid, With mt.ere-al ,.,('crt.'(X! to tllAt tlfI;". and alrrnoneY8 &<<un"'li hf:reby, "hal! beronv) due 4THl ~;aYAble {olthwittl, or thNl:'aHe,:, atlhe option or Mill rnortg3"(~. JUI fully Pond c{>fnpktd}' ill; If~!i of tlH.' u:d flUlitS of nWIH'Y Wl,'f'\: t.J114HiAI,y l'Ill~HJlalk<l to he p.aid on tlHch dAY. Anything iI, MId not.' or in thi!l nwrl!i!age to the C"-HitltH'Y IW~wlt.hJ!t.AadlliiC; and UH.'H'UpGfl Oi' Uif'ft1'""ftN, at th(~ option of i!--~id mortg&\g-~'\, w:thout no~iCf) Qr demand, @Ult at liiw or III ("'Pllt)'. nUl)' l..e P!U~i-,uH-.(d as if All mon~yg llol'Cur~1 h('t'(,lJy hilI! InAt1ln,1I pnor t,,) \L~ HUltl" tution: 11w !:nofti(ag:'e- mAy ~(Jr fX!~<!thi!l mortilOilt'. ~ to th<: nm0un,t &-0 de(:wrfd dUl' and llAyal'k, and the ~Id pr"ml~ M1411 tw wlrl t;) lLatiAf)' anri r~Y tr;t. M!!H' kf(dher WIth cc-ot>t.5. ;:xpt~n!!-('s, and nlln'.l'allc.'!1 In (~ ()f ~),irtu~t. for('-:Iv.'lllr(~ of thi.a liiortf.{si{"" the m'l/tgagt'.1 pn.':Joi&Cll fOhAl! lY: e,old &'-ibJ('('l to tnt. COil. tln~llng 1\('1) of Hill! n~)rt~age (or th(' Amount or the drl.lt not thl:'o dUll nnd unpaid. In ~lJch tA'H' th(. pro V!'lfHi3 of thlli l'iAragraph mAy apin h~ Avaih,--d nf L"P-tl~ft~r fr(;fn tim~ to time by thf' rn()ltgl\1i[l~', 11. That th~ mur4liiiQT will give inH.netlli\t~ !i./tic,,:: by m.&il tt> the rnortghttl'<i; of All}' COln~)'lln(,,, lraJl~(er. or (htllli'l oi (;yq'.~hip of lh~ pft!ml.M>a' 12. Th!tt. r",) w&iVfr of any ('>H't:tUUit hN""in or of the ob:1Klihon j';~Jroo hnt'h)' I>-h.Jl at au}' tHIll' tht'i'wUu-r be hr~H to b~ !l w/liVI'r of th.. tf'rmll ;lI>ft"(,f Of of lhf' !'lillo:' 1;;"~llff'<i hN~h)'