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HomeMy WebLinkAbout1947 ~ . { `~__r . - - ~a~~~ t . . , ~ 1 t h. ~~d Ineur~s~~~r pr~~ntums, s?e thc~ caa~ tu~Y sucl~ rat~ert~s~i~ ?crt~cli:f'±a~ ~iy i.l1r+ ita<tT't~~t'~ ~fS i~~r~yt]+Rn~~ ,za,ynsenta W t~r, rn~~~~ by ~h~ r:.aet~a~ar. ?t', h~;wey~r9 t~e mun:tily ~Yrn~-~t~ rta~?cie by the rm?rt~~a~ Wnder (S) of ~~ar~r~g~,`? 2 precccdin~ s?a~i: rwt tst ~ul~rl~t to p~' t~ tdhti~ L~x!'~ AtlC~ 1.iK.'Al1IT1Efl~$ c end ?~u~ura?nce pr~m~ums r?b the taaae n~uy be~. ~rhrn t?he rw?ma atia! ~ dna at3~i ~?Ya~k, then tt?e m<~rtuu,~ur nhs?lf ~~+ry' t~~ t~ir t~iur''.~~ee sny +unaunt r?~re~sawry :a~ cx~~eJce up th~ tf~t~cietatiy, o~~ or beft~re ths datt wtier? ~y~i~ent o4 ~!~ch graund rrnis, t~.xe~. ~re~sarnPnts, or ir?~uran~e ~src~+~u~sa sh,~ll t~ d~r. li at anti• ltme the tr~~r~tga~or shal! trr?der t~~ thr morl.~age~ in ~cc~rd'nce with th~ prnvi~ior~s of ti~e t7ots secura~~ ~;erekiy, !ull ~~'~~itnt of the ~ritire ?t~clrbtc~litesat r~eprr~tnt~c9 Gher~~y, th~ rt~.~rtga~e ahall, in ccu~?~ ~~t,cs~;~ ~he amtsur~t o[ aurt~ inc}~-i~trait~?~s, crrdit ks thr ~ccc~unt ~f ihe rrw~~>r ~I1 payt~~~ntA ~~ia,i.• u~~~i~r the ~Tro~~ieionn c~f (a! ef ~ar~ta},h ~~Sarc~.~i wh?ch the rtiort~~~r ~as n~~t bcrcrme c~l?gate*! to t~, the r'~.~ctcral llcusir.g ('~rismi~+~n?~~r ~nc~ u.n~ t~wtancc~ rrn~~iniri~ ic~ the fus~cia ~cu~iui~?t~! u~°~dr.r thc tirrt,~ ~g~i~r~ u! (b) ~f ~wtid ~Kr~t~h 2. If tha~~e ahxll k~+ a deta~it :~m er nnp df ihe pn?vi.~tarsa Qf thi~s rx~ort~.aK~~, re- ault~n~ iii ~ pul~itr »R!e <,f the {~rrmia~ ~~~~*teci herrby, or if the rnortg~re arr~uirc+~ th~ pror~ert} c;:her- w~i~ AftPr d~~x~it, thP rnast~t~~ shall ~~~ply, ut Yhe tirr~e af tt~e t~~rr~~~lene~~nent ~f ~uch prae•_=e..f~~~~;~ o~ ~3 the t~~nc• th~ prv~ riy i~ c~therw~s~. ~ryui~cal, the trnlance thPn rc~rs~.tnin~ i~ t3~c [und~ ~~c~amulste~l un~ier (b~ u~ po?ra~raph' 'l prPCf.f~n~ aa s crt*c~~t ~g~i?iat tiie~ a.rr~vunt o[ principal ~hen rtmair~i~~g u~~aid ut~~strr eaiEi nat~ au2d t~h~i! ~~rv~eriy et )wdt ~??n~• paymcnta a?hieh ehxli hwve ~a~rn ~nt~ under (c?f Qf sa?d jsaragrayt~. 4. That h~ ~ill }~,at uji Gaxe~s, aaa~n~rnt~, wat~r r~t~, and othcr gr,vr~ncnet~ts! ar ?YSUi~icilial ci~Ar~r~, fines, or in~~~ittoaia, f~~r ~~hich ~?r~~iai~m hba ne>t t~ten n;~dc herrinl~cfore, anc! in c#rf~~lt tY~erec,f thti~ r.~~~?~• ,~al;rc~ :r~~y G*sy t?~~~ ae~n:r; r~r,d that he wil! nromptly drl~v~r th~ ufticial rt~ceip~a thecefvr tc~ the ~:~>rig~gi~~. `I~tiat ht~ K•~II r~c•rmit, cc',rrimit, ~sr ~uf~er rja ~?~at~. irrl~aliT!;Ft1t, ar det~rie~ratiar~ of t+a~ci ~~r~~~~rt~~ «r ~no° s~ct t1zE~rc~f ; a~~d in thc e~'ent ~.f the faifur~ of thE~ .rnc~rtga~ur tc~ kt~~~~ thE bu~lc#fc~gu i~ri nr~ia {~rc=?n~eFn .inci thr,~e t~> tn: erf~ctc~1 on aa~d ~rc~:r~~.:zr itnpruverrtienta ttierc~cn~. in ~w:i r~etiaa?ir, Cllf rnor!~a~e<< rna~. m~k~: aurh re~zaira ita4 die~rr~t~c~n it m~y cfc~em nrte~~r} for the ~rt~~h~: ~re,~-erv~tian tl~e~cvt, And th{~ full amount c,f e~+ch a~sd e~•~ry suc~~ P~YmenR aiu?!1 t~ imrris~iialely~ cfue an~1 ~yet~fe, ~r~ci shall i_~ as~.~~rE~ci t,y Ll~e lic~n o~ th~s rr:r~rk~a~. . S. '~hat h~ w~{i ~1! ~t~c{ sin~ul~r ~h~ rc~eias, rhar~~-~, un~ F~~r.~ris~. irif~~C~11t~ r~a.~~nahi~ lu~syer'a {~c-=, atr.l c~x~ts uf at~tr~rt.._~ ~f tstie, inrurre~d ~ls y+~id at any time t~~• the rnurt~s i~? X'C8tl3c ~~t thr fa~lt~=r r on tt:e p~rt of th~ rnc~rtK~gor }}ram~+ily pntt fully 'kc~ ~cf~rm tht~ Rgr~~~nz~nt.~ an, co~•er?ai~t.~ ~~f ~u~~i {,r+~n~- ~ni+~:ti~ t,at~ and thin rz~ort~~~,. and ~ai~i cv~ta~, chsrge~, s~d ex~nr?ac~ s?~xll bc irz,mniiAie4y t-!ue a~~~3 ~c't~Je ai~d etc~ll k~ r~~u;c~1 by the iter? of th~~t ~essrtg~. 7. 'I'haE h~> w~ii k~e~ the in~r~ruv~n~t~ta now ez~sting or h~rr~4t~er ~recte~i ac-, th~ n:arig~gz~ pr~,~}erte•. ~n~~lre~! xa may i~ rc~uir~~ tmm time to timN t;~ thr ni~~~rt~a~rer ~ainst l~:ag by tirr ~nd other har.ard4, r.~u~it~ti•~. ~nc1 c~mt?ngc~rici~-~s ~i~ bu~h aar+asint~ an~~ f~,r A~~s peri~ki~ a.e niass be e~~~uirrct bv mc~rt~;~Rc~~. ttnc! x•~!! tlay prnm~~tiy~, when due, any p~tniaum~ un euth ~n$Lrter~ce tur }~~}'r~~+'nt of K•hith nr~j~•~~~vn hras n~fi 1~eeii ma~:le here;~ltx~for~~. Ail inaurac3ce eA411 tre carrie~.1 in e>>tn~an~c~s a~~~~rc,~~ed b~ mnrt~xgc=e ati~ t}~i, ~x~lir~c~ and rrnewAl~ therc~oi ~hall t~e hcld t>~~ ~a~ori~a~c~ ~rzd ~~c a?.t~ci~e~ tti~rrcfc~ kr~,3 ~a~~Fil~ e3~~ts~~ ~n CRVOr c,f and in forrz~ ac~~t~kile tn fne mort~~~e~. In r.r=nt u~ Icxsa f~e ~ri1; g~ve in~metii~a~e na±icE t;~~ r:~~il u~ rrc,rt~a~c~. as~d mo;t~~ rn~y r~~~kr ~~rf.~c~f of loan if not rn~dt~ ~ron~p#d>' !>y mort~~~ges, ~nd e~rt~ insura~ice c«r~~t~an; c~mrarnfd tA herc~hy ~utA{~ri~reci ~nd ~iir~~ct~>~ to ntx~e ~a~m~tst Cc~r ~uch ;a~3 ~i~rrc?ly to mortgaK:~t ins.E=xc~ of tn m.jrtga~~r an~l rr~~rt~x~~~ ji~~~t1}~, anti it~e ir~~ur~ace ~,r~xc~ci€, or ~n~~ t~:`f therrcf, may b~ s~p~~f~.-~1 s~y rnorty~s~~ at it~ u;~tion rit er tv ihe sc~iur.inn of th±~ in~i~:t,tc~l;ee>a4 t~ercuy ~ecurc-cf or t~~ ~he ri•atc~rxti«n c,r r~i~~?r ot the {~ra}~rty c~hma~Y~. lri ev~nt of tur.tic7sure ~jf thte ~i~~rty~~~e u* czt~7er tran~ier r~f t~tle ~ca the n~c~rtg~~~~ pro~~rty Irt ext~n~~~i~?~,ri~ent of the ?nc±+=t,t~••:r~~s ercur:~+i hereby, ~Il r~~t~~t, t~tl~y, ar~c; i:~t-~r~st of th~ n~~rtgagc~r ~n ~~sel t1~ atiiy ~nsur~rice ~rofje;ea !hen in f~~r~r ~hAl! ~~s to the pur~i~~r c~e ~rantee. ti. 'T3i~t th~ riiort~~~_~r rt~sy, 10tt ~flY ~1R?@ j*~tl(~1f1~ ~ 3U1~ u~~n t?,~s tn~ri~~gc'. ~DFly ta tte~ court hav. ~r~ ~urFhd~ctinti thc~TEylf t~C~!' thts a~pointme?tt of ~ r~^cri?~r, ~t~~c1 nunc ~caur; itiaii forthw~#~; ~~j,~~tnt e rer~t~er af the yrer,~~nei ci,verc•~1 ~cr~#ry eld and eire~~ls~. +r~cl~~clin,q ali and nir~~«!u~ tr,e i~sonir, pr~~f~ta, s~si~e~,. an~l rrt~v~~nut~ irr,n~ Hhattv~~ aouree cie~i~M1, ~•~ch at~~i r:~-ry ~,f w•hieh, it t~eirry~ ~~x~~E~AI}• u?~ci~r- at~~_xi. t~+~r~1~}• rrlcrrt~aged ~as if ~~?~ri~;ta?ily sct.for~h ~?i;~ ~ig€crit~~ in thi ~trantor~ ~~ci h~t~nzium clau$c~ hE~r~,f. and ~uch rc-c~~rer at~xi! r~t?vP t~li tr,e ~~n,~ci and ~ff~ctit~.~ funitta?u anci ~,v~ers sri. anyw•ise ~~rtrusEs,i bf a eo:~rt t~~ a r:re~~~e~, and nuct~ ap~oir~t~cnt aha!! ~e rriede t,y aueh c~urt aaE an ~cl~n~!tc~:~ .~auity ~rici a matt~~r vf al~a~i~iF rigt?t i~} ~sxisl mor!~~~c~~~, ~r~~j ~'~t~tn~t ref~•r~rtee ta the adF+.~~~~c}~ ~~r ~nRd- r*~u~cy ~f tiie :Hlu~• ~~f fh+~ proE~erty r.~otlKa~:*cf ur t~s tF~e aaiveney or :riaol~~er.c~ of ~xiti nzori~t~+~ur vr the dcfer;~i~ante. ~rid ihrsc Ruc~h fc'r,t,4. pr+~~'it8, ~,;cc;~r~e, 18.3tlHb, anci rei~enui•a :~hall t~ aG,~~l~ed byr such rcr~~~~~e: ~r,_c~r~~ng !r~ i:he ?:en +~f thii rn«rtfa~,~~ snd t~~c= ~r~ctiee of aur~~ court. ir the event Uf ~3:Y E~E~AUjf on the l~~~rt cif t~se rn,rtgx~ur herej,t~~ier, t}~n r,~ori~a~c~r agre~a tc~ pay to t~sc rrtoriga~~ un dcm~ind ad ~ re~~~ri- a2,<<= rnt~r~thfy r~~rtal for th4~ prer~ii~ka sn ~~iot~rit ~f le~.~tt ~ayu?vb.I~tl~ Et?~ t1Tle ~S.SY~I~t}t I4~?! c~f fhe ~ggrekatr ~f tne t~~c>lti~i~ monthi}~ irt~t~sllrnenGa ~ytnhl~~ in lize ttien e~.~rrent ye~r ~lt~a ihr ~st€u~l R.mnunf c,i fi~e a~~r~usl t~sxr~, ~.3e~+r~~eriia, ~r~trr t~tt~, aaci if~urar~c:e pr-enjiurna fc~r s~rch y~sr fiot cizo•e~~~S k.;~e ~f~;rF:.~i~; nit,tat}i!y `?ayn~ent~. `,9. ~~i~~ filtilfT"y'd}(~~S ~lli~ItCf Ctiti'(>~ttlti ~~S~i~ H}lcillt+l t~ilR llefitt(~:?j(l' ii!il~ Iiit~ tiCit!• ~t~U!'e't~ [:i`t~cii}' (tC~t ~~~i~t~i~i' f~,r ~n~isr~en~:~• uri~;~r t:~F ~l~U(~eia~ ~~e~39ifi~{ I~CI ~4'1S`li(1 Li!t SYtelTi tn+~ ~~arr~ i~~res~f (N"t[tt~'I! ~~:Yir'fil~'il~ !~l S1f:)' i}TrIC't'T t?~ ~71~: ~'~t1~t'rai ~1()11f3lIl,Q r~~~Ptlllil9tl': ~1~3~1 Uf" c~t!~il~-~Iidk'(~ Et~t'tl~ Of ~it' f=E~ti~~r.~l ft~;~~~~~i~• !'t~n;rii~:~s~o~~+~r c~xt.e~1 xul~Y~u~°nt tc> t}~t~ t~rne fr~!~i tt~r~ ~l~tt~ uf !t>>e (li~le ~~it}(l', ~i~y. jlfliil}F ~t~ 11iRU(s• 3~~il4j IICI~' T~Iltj (~i!8 )iit)Tt~S:~F', ~h'lfif( c3t~?fllt^!j i+i;if~~l~1~'i' ~1?~x~f It( l51iCr iti- ~ iiX~l;~lit,')~ tl~~~ ;~~t~rtK<~~=i• u~ t}E~~ hui~l<~r ui tlit: ri~;i~• ?r~~}~. ~i tt4 t~j;fiun: i,t~s-;ar,~ ail ~utn~ ~.~cur~•t1 ti~rc~~» ;in7i~~+fsi~[E•11' ~lii~ ~iti~~ ;~:f)Ec1~ie. 1~'. ~~~i?1l (~t) ili 1}i+° ft~•I~i +~f tiEl~' ~~~i gr~1 ~yf trtl~a 1'l1tlPZRd~t~ nP ~it•fRl1~C c~Il ~f:~ ():11°t C~~ ril~' rnurth<~~;or, ~if t t~ ~~u ti:F> t~~~~~•t;i t?i,+t :~~iy ~~1 said sE~m~ ~,f n~~,t7E>S~ }~~~r~•~n rr-f~ rtc~l t~, hc~ n<,t prr~n~~;11~~ 9st~1 Cully ?x~izl K~~th• ii.lf. (~tfilrlil~~ t'I' :t~:~ltr•, ~)1' ) it} ~}i~' ~_~`.`•Il~ ~~lii~ t'4fi't i~Fli~ t`~'('!'S' Lil~• ?I~l(:l:~ti~l~~fl~, Ry(i[`t'~lf-i:~Jt. C(~[i~fiEl~~t15, ~sn{i c,~~~~~~~r,t; uf ~,~+,1 n~~tcy ~fjil ~~tiA mr:rt~?a~~t:., ari~ nr,t ~~~1}~, ~~~,~riy~tii~. anc! Culi~' ~~rfc,rrr,ec3; t2~iin in ,~;th~~i or a~i~• ±E~c}, i~t. th+~ a;~lr{ ~s~gr~~Katz• Stltn T[Se?iliz~is~ri E!~ ~a~~1 t~c~?i~ tt~~~a~ r~~n~atnyr~r un~~a~~t. ~~~tt~ ~r~t~~r~_•~! ~~ecrtt~~l t~s thxi t~rfae~, ane3 ~it t~•~r~i~~•~.~t ~s~~cut'r~3 1irr~~hy, ~ti~ll (~~•+iti}e• ~i~1i• ~Rc! ~~}'~t.rl,-~ fur'~~~citf~, ~~C ~~le~t~•ilf~t.~t, 1l~ l11!' ~)(ri~~31~ ~!f ~84t~ f(i=Jt~j{;,~~t'f'. itR ~U~~,`s~ fdfi~~ C[efilt)j<<f.'~~ ~9 :1j) i~~ ~iN l~ititj YlittiA f~t ft~~lt1F'J t~ e•("E• ~)1-~(Ilii-f~~ti~ fSit(ill{1Y~etf ~k~ j1111(~ f)~l Al1l'~) t~FSy'. Qli~.~Ehi?j~ ~n a~i~l ra~lie ur ~n «il7 ~71UC1}~H~l' t1~e c~t~r~ir~sy r:r~!t~ ~thst:~~t~?i~i~: ilt~~1 t?rt~rc~ujK~l~-~~r tJ~a>rt~afle~f , 8~t 11~t'r,(ttiq~t i;~ ai?id tn,~tt~Yis,c.=N. ~.'ltlttx?t ttuttce C>J' tlt:tt~ns.l, ;~~iit .~t i:lw' (r!' ifl t'~j~illl, t~~.~?• tx~ ~}rrr.~i~~ts~~f as ~f ~ll mur:c~~'$ ai~curesi h4re_i~}• haci m~ture•-~ prirsr t„ sta iiiati tuti~~T; "i~t~:~ ri~~rtK~~~;• msrS' f~~~e~cl<~e thi~, r~~nrfg~~e, ru? ±r~ t}~e ~~~s~r;~i~zt ea~ deciire.i ~ue ar~f4 !ia}'~b~~, ~~~c! f t'iE' R.li~j j~l'~'9Tli.=`.i•~ 4}.:il~ tYi' R(iif~ 4P.~1P.fY A(lti ~ltl}' t~if' ;If4>ti€= (<t~t'f~l€'f !~e-i7l1 ~[}~i?S~ ~Xr~"~llE±'.8, ~rtf4 al!~;~•nrrrr~. In ~,4•+.:a1 (~~ier,u;~~r~~ <,f thi~ ri~nri~r~$~~•, tne rns~ri~~}t~•~i prcrn:=4~a 3h~f) t~e :u~i4! aat~1~`t t~ t}~~ rr~;:- t~s~uina {~c~si r~f it;~a t;~nrtKK~,~t• (nr th~~ ~rnr,unt t~f it;e itel~t r:t~4 ft~~t•n cittt= sri~t tjn~k~,i+9 In a~~ch c~~~ r1i•-• ~rn ti~i~~r~h :t~ii {~9ray;r~~;?i rnAy' ~~sin t;~ Avrs~l~~~i cf ti~errafter frv~~ t~rnf~ t~; t~rr,c #;y .h+~ mc~rt~~~ir. ~ t. ~~28~ ~Sif tli'~i.~'iiy(Ur wil~i ~l;t~ 19T1C11i~:jt,i~t' Ii~)I[~t` [ly' Zli~li t~r t.f1f' i1i!ifi~ii~E`P t~i AJi~' ~!~Et~t•tifiiii('. tia118fYT, C1C C~ir3flj~~: tii fi~0lit't5~ll~i ~if 1~!l' {'rft~t11~8. , ~ 1~1R? Rt~ H'tl4t't•~ :~r~y E`ti~f*i1Ht1~ ~lYr~-3n Of t~{ (}1"` tt~)ii}jA~iE;i3 ~!Aa°l:Cta~ ~itTA{if 5~1~~~ ~f A~Ij iit711' j ~~IEtP:;f~?f ~.~iY ~:E•~~j ~ir 11E' :t K'e'i!.'P!' tlt t3Yf+ ~(!~tTl:i Ilt'f~~lt (3Y 1~t' ~Xl~ Tifi:~.3~'iilt44~ }if"1"9~`~i~. ! .