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Home My WebLink About1687 . , . , . s s. Z3a in th~ e.ent ot a wit beiet ia.deuted oo toraelas thb moec~apr t6t MMttya ~6aq b~ eatided a~~ppl~ a W tims dacio~ soeL forxiowre ~uit ~ t6e oourt 6srIo~ jurbdiedon thsreot tos tbs appototmeat ot a eeeet~er o~ aU ~nd lu cbe moKt~ P='oP~+V. and ot all rwar iooome~, Pro~t~. L~~ues snd crnmua theraof, from whanoe~ee ~onca dert~cdi ~nd tbenopoa~ b hereby acpra+b ~orenaated ' and ajncd t6at tbe oourt ~6s11 ~Orthwit~ ~ppoint sue6 teal~ witb tM awd ponqs aad duda st ceed~en in like ea~a: and aid ap- potnaaau sball D~ made b~ ~ oonrt as a matee~ of ~rkt rl~ht to tM aad wit6onR csterena ~s the adeqwq oe taadequsq? ot tLs value aE tL~ pcopaV bacb oe oo the iol~eaq or to~ohenq of oe W eeLa parq defeadant to ~Lch suja T6~ Mo,rt=a~or Lereb specifte~p?a~n~ +isbt ~ objcct ~ t6e appoinanau of s rxd~er o afocaaid ~nd hcrcb7 expra+b ao~enes thu sueb ipp~iut~?~nt ;Lat~ b~ audc ss aa sdmitt~ equitir sad aa a asatctr of aMolem dg6t ta ~ Moregag~ a,K! c6ac ~I,e .aae mar be done alt6ow aotioe to the Mo~a~. 6. That If W Proasdie~ ~bould b imdtuted apimt tbe properq? oonred by tLtt wo~tpp uPoa atha lien or elaim wbetha ~upe~ior oe unia to tM Uen of tbis mort~ tbe Mocc~ajes mq? u ies opeioo im~aedtucl~ npoa imdeuaos~wch suit o~ duria~ tbe pead- eoe~ deelare thi~ na~t~a~e and tbe indeDudnea ieeured Lenb7 dw snd ~qable fortLwit6 and ma,~ u Ib option proceed ~o toceelo~ t6is moct~aSa 7. To p~ all and lu ebe oat; tee~, cLa*tp aad a~PM+p of RK7 1dad. isdndIo~ tbe oat ot sa sb~traet of title to said 1snd~ io~wd to be oon~eaient or ~eat ta aooneedaa wtt6 ao~ sutt tor the toreelanrs ot thL aod sla Iael~dIui. wLetLer tLe Mo~a~a is obli~ated top~t~ samt o~ aot. raioaable at~orae~'s fca in~wered o~ e:pended a aq~ ~ Mort~ate~ baawe ot t6e fdlure ot t6e Mo~agor ~op rfonn. eanpl)? wDts and aWde b~ all or aa~? ot the oonaana, oondltloo~ ~od sdpnlarloos of nid pramiawq notq o~ this mortg.~e. ia che foreclaure ot tLi. ~ooce~,s. soa in oolt«an~ me .mouoe .xored 6erebr .dth or wtcbout tepi prooaatn~, and to rdm- bune tbe Mo for rrer~ pqment made or taenrnd !o~ aq~ sne6 pncpo~e witb intaa~t feam due of e~ery sueh p~naent u t6e rate ot ei~6t per oeat i9i) Pee annum= sucL p~aena aad oblipdoo~, whh inare~t tLe:eoo as atoraaid. ~hari be ~eenccd br tLe lim bereof. t. `I'b~p t~e bdldlos oe b~il aow e~ tiereafeer on ~aid tand iwured +Wt~ la~ o~ dama~e bl ~I*i. e~mdsd aov~rs~s sad ~ ot6a perib. includiag war sislc insnnae~an[labk, in a smo~ not tea eban t6dr fn~llatosnnble ~alw at the oat aad acpease of the Mort- : ~or In s oom or aompada appro?ed~r tbe Monpice~ t6e Po1kf or polida ~n be bdd b~r t6e sod awb poL'er or polieia of ~ Iasuranee shall a~e affiud theceoo a Standard New York M ag~e Clau~e, ealdns dl lor or loaa und~po lie~ or poliaa paysble m the Mo~ee as ib Iraerat may appear. aad ~o deU~er aidlr~policp or polieIa bo tbe Moctptee w6ea iswed witb the rccdpa for t6epa~ meat of tbe pe~aaium the+efor; and ia the e~eot teq? sum of e~ beoo~oesp~~ le unda ~ue~ polie~? oe polidar d~e Morcaaaee shall 6ave t6e optioa !o rad~e and apP17 the wae aa aooooot a~ the indebtednee saurtd- bereby ot ~o permit the Mort~o~ to receive aad ux It~ or aar ~ pact t6ereof. for otber pnrPaa. r.Itl~ont thaeby wd~ins oe impatrlas aaT eqoid. Uea os d Rmd~u o~` wd~ thi~~f rt~a8e~aad w tLe Moctga~ee If it deem~ acc~ewq ma pl~aoe aod pq for web i~ os an~ put ~agars opdon to toreciote for breaL ~ tMs am~ or an7 Put . or sq~r ri~ or opt~on nnder thb mortga~e, and e~M~ WT- ment shall bear interat fean date tb~eof muil patd ~ tbe sate of dsbt Pa cmt pa aanum. aod sll ~ne6 p~menn witL interat ss afoeaaid s6att be seeured b the liea Laaof. Ia the e~eat anr lon or damsae b suffered Mortp~o~ shaU aotiEy Moct~~gee of wch bss or damage Rit6in foeRT-d8ht ~4i) Iwaes afta tLe ~ay~ thenof; ths failoce ~o ti~e soeh not[ce shal! comtitate a dehalt and t6e Moetaa- gce shall ha~e tbe rlg6ts Lerein Sivee for all ddauIb. - To pe~mty oom~nit or sufke no wa~te aad ~o matntaia t6e Lapto~emenq at all tla~a L~ a state of tnod reMir aud ooadidm; and ~o do or~~t t te be dooe to said prani~a aotL~n~ t6st ~IU atar or chsoge t6e ore and ebaraeter of aid propertr or in zaq? ~nU~ Lnpair or weaten t5e ~ecurIb of wid rt~a~e. In eae o~ tbe n~fwal. nest~et or inabiliq of tbe D+Iorega~or to rePdr aad mainain aId pevpert~. the Mo~tQsgK my. u la opeioo. make sneb rspaia or awe the ssme to be made ~nd ad~aooe montn in tLat bchdf w~ s~ ~hall be seeured b~ che lia~ Leraof aad bear intesat tt tLe rste of~ d~6t Per ant (=96) per anmm~. i i0. To deUver tbe abuaet oc abstraeb o~ title n~ tbe propert~ to Mcetta~oe or ia ded~nated sZeay abieb shatl ae ' sll dma. durins the Ufe o~ tLis mo~a~ remain in t6eopo~aeaioo o~nt~l~e~~ aad tn e~eat of the foreclanre of tbis mortga~e o~ ocha i uaasfer ot ade. aU rl~t. dtle tnd iaumt of t6e Mo~or ia and to any snc6 aber~et or abstraets of tlde ~6si1 pau to tbe pure6aser or ~ I ~aata. - - 12. Tbat no waina ofaa~ eo~entM iadn or in tLe obiisad~n ~ecured 6eceb~ tLall at aq~ tlme hecaftet be held M be s wai~et o! aay of the aher terms Leeeof or of t6e aoce ~eeured 6aeb~. IZ. T6at Ia orda oe aoockraee tLe matatiq of t6t fadebtcdner hereb~ ~eenred ba:ame of the ~dlnre of t6e Mortp~o~ eo W7 ~7 ~ s.senmen~ GaMGq. obU~tioa os etxumbranoe upoa ssid ptoperq aa huein pro~tded. it ~ball not be nece~ar7 nx requis~te that the Aiort~asee ~hail Snt p~ t6e s~ma 1~. 'Ibu if the Mo~o~ sball fatl. ne~lat or refiae for a peeiod of t3i~? (30) dars fnU u~d promptu? to pa~ t6e aenoaats re- quired co be paid b~ tbe nots beceb~ ~ecnred or tbe taternt tLerein ~peei6ed or aa~ of the wms ~ mone7 6erdn refarcd co or hereb~ so- rorod. or ot6erwbe day. tnlt~ aad p~om~dr m Pedu rseeutS oompy witb and ~btde eacb. e~erf or W o~ t6e co~msnb. coaditioo~ or sci~atioos of tbis mo~t~ tbe p~ommo~7' ~ be~j sawred an~Ior tbe ooa~rnetioo~ asceaneay if aay. tbm. aad in dtLa or ia aop o sucL e~eats. whlaat aoNae or demand, t6e said som meotioaed io sdd promis~ory nae, ias Prerio'w Pi7~a. ii an~. and an~ and aU sums meationed herdn or ieenred Lexb7 ail beoane dne aad pa~able foKLwit6 or t6e~eafter u tbe aontinuiaS ~ of tLe Mort~agce as full~ and oaapktdT a~ if said aQeeQate ~um~ wae o~Baally sti~~ ~o be paid u sne6 tfm~ an7c6Ing Pro°°~~' note or Luein oo t6e ooatnr~ notwitmandin~ and the Mortg~ee shsil be endtied tbaenpon or t~eraftee witbout naiee or danaad to in- sacun suic u taw or in ~tt~r co eoforoe du of cbe Moregagee be:euoder or nader said promiaoq? noea ln ~e e.enc of any defaulc or braeh ou tbe put of t6e Mo bese er or mdee ssid penmis~or~ notG tbe Mortg~ee s6a11 hrn t6e oootinnina option to enfom ese er pa~meot of dl smm ~eenred hereb~ acdon at 4w or b~ snit in cqait~ to foreeiose this morepse, dther or bocb. aoornrnnct7 or ot6en?isG aad ooe aaion or s~dt ~6a11 not sbate a be a bar ~o o~ wa~ra of tLe D~ort6s$ae's ri~ht ~o imdnm or msintain ebe other~ pro~ided said Moct- ea6ee shall 6a.e oal~ aoe pqmene aad ~acbfaaion o~ atd indebtednes. ~ 14. 'lbat in tLe e?ent that ~or s6aI1 (1) oomeot ta tbe appdnRmeat of a r~odter. trmtee or liqatdacor of all ot a wbstantial parc of Morep~oe'~ aareb~. or (2) be~)ndicaud s 6aatsopt or iaalnn; o~ ~le a~ol~r pedtion in bankrupa~, or admit in v.ritiuH ib ~naML't~ ~u pay ia debts ~s t6e~ beoome due. or (3) mate a gesesai a~i~omeac tor tbe be~ of aeditoa. or (4) Sle a paition or ansvra seekin= :eor~anisstion ot srcanBe~meat ~h eredit~es. or to ute ad~snta~e of a~ imohmtp law. or (S) Rk an a~wer admittin~ eLe ma- terial allesadoas of a pedrion Rled a~aimt t6e biortp~or in aa7 bank~Pcc7. reorpnis~on or inal~enc~? proo~din~ or (6) aetion shall be tai~m br the Mort~ for the purpo~e af effocong sap of the foregoic~ cr (7) so7 ordK. 1ad~~a! os deeree> sball be anesed npon an appliurion of a acditor or bT a oonrt of eompeteot !'ansdiaioo appeo.ins a pedtbn sed3o~ aPPoiam~ent of a reeei~u or trustce of all or a snbstaaaal put~of~~ctsa~s aseb and anc6 order, jud~nent or dea+a s6~p aontinue umuTed and in effat tor aay period of ddr~ (30) oomee~ti~e da~ tLe Matg~ee may deelare tLe nooe Lc~ saarred fort6with dae and parible. whereupon tbe prindpal of and tLe interat aoaaed oo t6e note and all otber smro 6ereb~ ~ecored'shsll beoane forthwitL dne and papabk as if all of the said sums of mone~ were origtcallT soipulucd ~s be paid on sneL dar; and tbeceaPon t6e Mor~e ~rit}wut ootia or dmuad mar pro~eeate a tuit at law and/or - ia eq~Ier as if all monta ~eeared bereb~ 6ad maeured prjo~ to ib imdeution. IS. Thu t6e MortSstK ~~7 P~~ autborir,ed b~ t6e Mortpsee sLa11 brn tbe rj~ht eo eacer upon and iropecc the morcgaged pranisea ~t aq rea~ooable dmes 16. That an~ ~um or sams which ma~ be losned or sd~aaoed M~~~ tbe D~Sort~or a an~ tlme ~rit6ia tm (!0) 7ean fran tbe date of this indeaturq toset6er with ioteoat thereon at the rate aarad upoo ~t ebe time of soch {oan or ~d~aa~e, s6a11 be equally se- to et er ~,~s eared wic6 and 6rn t6e wne priorie~ as eLe ori~inal indebtednas aad be snb~ax to al! che terms and 6 ~ ft~ SO%) ~ rhu t6e ag~egace amouac of prineipal onoaandins a an~ time ~Latl noc e.~ceea aa aaoo~mc eqwl o0 one mdred aod 8 tbe prineipsl amouot ori~nallp secnred i~. T6a; tf rey~d~ed br More~ag~ ~he sdd Mor~~ wiri pa~ meo e~e Mocr~ee. oo du 8nc da~? of eaeh and eoer~ ooo~ee~n;.e s sumeqnal to ooo-t..elft6 of c6e annual amoan~ aeoa~ar7 e~ pa1 all ts~a aod asa~menes apimt t6e uid mortsaged Premi~a. sdd mootLiy smn to be aamated wielr b~ Mortgaaee and ukulmd to be aa amoont aot las tLaa tbe am~ount of aus aeased a~ain~t said mort- ~ gaged premisa for the preriou~ ~r. aad if fart6er required b7 M~8=8a to pa~ all tniaraaoe premiams in manner sad form a~ pro~ided herein for tLe palment of taza aad a~sarmeces. S lt. ~at in tLe e~rat tbe ban wldcb t~isa~or~~s b then to sau:e b made tor t6e ot linaodns dt6er tLe con~ruction ~ of aew butldin~ or tbe aomernedan of impeo~mestts and/or addiaoos t~ e~stins baildinp„ tLe~~mor. if re~nd b7 tLe MortBs~ .~prasy agrea eo depodt wicL the Morcp~ee or its daigomd agenc an amoimt of monef cqwl to the differeace betReea t6e net proeeeds ot tLe 1wn and tLe coal amo~m~ a~ determined b7 tLe Mor~ee, aired oo faly oomplae said ao~tsnaion In aocordana witb tLe pluu and sped~iatioos 6eretofore snbmitad b~ the More~or aad a~ b7 ~e M~a~ee. 8aid amoune of mone~ ~ball be placed bY t6e bio~tsagce in s°Loaa~ in Proar Aooouot" in tbe nsme of cLe ~or~ wd tLe same ~hall be a~ed bp t~ Moregagee ~o pa~ tLe ooses. eLarges and e:pensa ineurred in ooonection nitL ~aid aoastracaon prior e~ dIabardn4 of thia loan. Ic is fnrtber a~d cbu in tLe e.mt sdd oo~on is not ~nri~ oompleted o0 or befoee tbe due stated In tlie C,a~atrntdoo Loaa Aarament or ia tbe e~mc t6at tbe work on said, oooseroaion s6ap cene beEore fu11 oowpletio~ and sneL oa~adon sb~ll ooatinae for s period of teo (!0) da or if sobstaatial eonttanovs - projress s6a11 not be msde in snc6 o~eru~oo. tbea and in a~ sueb e~ot tbe aid a~e wm. Prineipal ~ incaest. mentioned in said pro~nisoR nate. aad atl moaia secnrad bereb~ ~ball bcoome dne snd pqable fortLwitb or thaaita u the opdon of said MortgaBa: ~d ia tbe rvent of snch oasation of woric apon sai~ a~mtrnctfon fos a period ot ua (10) days„ or if s~taadat aonan~aus progras shall oot be made ia sneL ~on. as aforaaid. tLe Mortia~ee ms~ a{ts opdon enta into sad apon tbe mwc~aged pe+emi~es and oompiae ~aid aon- ` ~tnxdoa in web mama as jt deem~ adntsabk withont a~ tnterfesenee frum t6e Mortp~ot: the said Mottp~or bereb7 ~I~ini and ganant E o~ t6e Mort~a~ee fall powa and aatborit~ to make sntL eatr~ inoo aad opoo ~atd ma~a~e~ pKm~ tsa, to enter irao axb ooatraea or ar- ~ ran~emeaa a~ mar 6e neoa.arr m oompiae ~aid aoournedon, snd on e:pmd an7 mome r+emaioi in ssid 2oam In Proea~ Aooonne" aad ~ ' in add~don an~ smns of mone~ naoasar~? t~ aomplae taid oonstrnetion; aad a~ and all aania espaided br che Mortgagee in oonoa~tion ~ wich suc6 oanplaion of oan~trnedoo in rma~ of the moaia in said "Loaa~ in Proa~ Aooomt" a~all be added to tbe said prindpal debt and •ball draw interett at tLe tate prosidcd In said ptomiaoq oote, and ~baU be ~eeartd h7 ~~i=B~. aad sLall be pqabk b~ tbe Mort~s~or ~ ao d~maa~ ' V~ V V~ c ~a?~ r . . g - , ~e _ ' '::~i