HomeMy WebLinkAbout1897 - - = - - - - - ~_r_.~. _ ~
i ~ • '
~ ~ael~~ot s~Dp~ b tM Mot~~ ~ona0 aeoeMae~ io make up t6s de8eienojc SucSl+p m~a~ ~q ~
~ b~ m~de wlN~a thirp (10) d~ at~e wei~ noiios fi+ow the ~~~trt~a~es sta1L~ ths amoua~ ot t1?e d~8cieao .
~ • wLieh notia my bs ~ea b~ m~il. It ~i tiars t6e ~ceta~or ~uu t~der to tha Morts~ges ia • ~
anos with ths ~isans ot t6e ~ots ~ea~6~sby~ fuU pwmeat oi !he eat~irs indebt~daeas reprekated
+ thersb~. ths ~ d~U, m aomputing t~Ls au~~nt ot wo6 Indebtedae~. aredi~ to the aoo~un~ ot the .
~ Ma~ ~ ar balance ~~ai~undee the pe~o~jsions oi (a) of s~ud b 4. Ii ~6ere shall bs :
0
det ~ undae an~ aI t6s ~o~ ot mor~ga~s
t~ult~n~ in a puaio nle oi e premises oo~ered bereby
ar it the Morf~~ges acqwra tLs propeetj otheewus dtee dei~?ult~ t6s Mort$a$ee shall~ app
l~, at t6e Lime of
the oonnrmeaoement ot akh penoeedings or ~0 Lhs Lime the propett~ is ot~lierwue~q
uired, t6e ~mount then :
reanuining ~o cndit oi Mo~~r nader (a) oi p~r~gr~Pb ~ PreadinR as ~ cebdiL on We interat aocruecl and
• unpaid aac~ the bslaaos ~o t
~
i
e
priacipal t
hea rema~ning nnpai
d on w
d iro~e.
. 4. He wID pq? all are~entsr wate~ ta~e~. ~d ot6ee~o~esme ntal ae muni~iPal e6ae~. Soe~ ae
a~
~
tL~ hs
~
pr~~ ~ reo~p~ ti~'+
~or
to~i~
Mwlt ~ ths Mo~ti~i~ ~U? P~?1? ~ ,
~ ge wjII pe~tt, oommit~ a~ w~Ree no w~e~s, imp~irme~t~ ae det~brstion ot ~aid pe~oper~,,jr a
a~ paet thereot~ ;
- = e~oep~ re~on~als we~r and ias• ana ia ius a~a~s ~ io~s iauurs a~e iriac~o~ io ioeep tae o~uyom~ on aio j
~ premise~ and tbo~s to bs ei+eat~e~ aa ~id pe+emi~e~. ae ionpe~o~ea~e~b lbee+eon, ia ~ood repdr tLs Mort~~~es my ~
~ maloe weh repain at in ih d~ratlon it m,y deeas neoeenr~ Ior tbs~~ope: pe~eservat~ton thereo~ and iLe full ~mount :
~ ot eaeh t~all bs dns snd Pyable tbirtp (~v) d,ya sit~er demand~ ~ tbaU bs ~eaured b~? ;
~
. ~r ~a;
~~~~p pq aIl and ~in~uL~s t~hs eat~. aod azpeo~. isotndtn` re~sooabis Lw~r~ee'~ iee~, a~nd eoas I
bt ~bd~o~q"~t3tie. iaourred oe pdd ut aa~ tims by bea?u~e ot t6s fidlure oa the p~ ot tLs Mort~ce .
; p~omp~ ant~ f,o pedpm tbs ~eemeab and eoveoants af ~aid pe~omie~ory note aad tbis and said
an
~ eocPen~es ~II bs ~ dne a~d p~abis and ~ bs se~red by tLe l~n~x~mOrt~s.
~ ~ 7. He ~i11 aoatinnou~ m~?~ain Lasard ~oau~anos, at a~oh f,ps or~jpes and amonnb as Mortg~g~es ma~
trom timer~o~s req~+s. oa t~hs impra~ementa now oe Lee+eait~er on said - and e~oept ~rhen pa~ment
to! all lz;emiums La~ tberet~ofors been mads nn~der (a ot paragra~ Z hereoi ~rill py promp~,~y wLen
~unr tLeret~. All insuranoe ~6~11 bs ~ in oomi~~ ~PP~~ bl M~ sad tbe poli•
nae~wals thereoi ~6aII be Le1d b~ Mostgages ind Li?~e stt~sd t~Lersto loa~ payabk cTsu~es in i~~or of
- aad in iorm aoosptabk to tde M In event oi bes he will gi~e immediate notios by
mail to Mortgageie,
and Mar ~a~ee~ m~a~ malrs p~+ooi~ ii not mads prompt~y b~ Mortgsgor? and esch msuranoe oumaP+R1
oonosrnei4is Lsrsb au`Lori:ed and directed to malrs p~,yment far wch 1as duec. to M mst~ead oi
to Mostgag~r ~ad ~ortgrgest,hs t~, and tLe insuranos prooeeds, or aq~ part tLsre~~ma, be~•by 11iorF
~~g+es a~ ib option eitLer to reduction oi ths iadebtednees Lersb~ ~scue+ed ar t~o t~e restorat~on or repair of
~hs pn?psrt~ dama~ed. Ia aven0 oi ioreciosnrs of tbis mort~a~ or other ts~aader oi tit~e to the aiortgaged
s,
pro in t oi tLe iadebtedne~s eecnred hereb~; aII right~ titls, aad inte~resti oi ths Mortgagor
in and , aR7 i~unnos po~i~ciea th~sa ia foros sLall pa~s to tLs pure~aser or graates.
~ 8~ 8~ eill ~ot esecute or ffia oi reoord sny instrnment wLich impose~ a restriction upon the ssle or oocu-
-~?a7' ~f thdDr°Per~y descn'bed berein oa t6e basis oi n~oe, oolar, or creed.
9, ~f the premiees, or any part theceof, be condemned under the power of eminent doa~un, or aoquired
r f01"'t jlllbli~c;,use~~-tbe damages a~varded, the proceeds for the ~ of, ac-tLe oonaide~rataoa iot wah acquiai
y tion, to,the ezten` of tLe full amvuut of ~he remsimng unpaid ' ebtednees secnred by t~is mor~gag~, are
hereb assigd'ed td the Mortgagee, and his heita or asaignsp and s6all be paid fort6wit6 ~o said Mo
-~ee
'-or bi~~~~n_ee to,~e sppli~ed on account of the last mstunng installments of such indebtneeo• provided, ow-
; g,ver t~e ~i ee or his assignee, msy at Lia discretion pay direct to tLe Mortgagor, bis ~eirs or sesigas
e
' ir~. ~t;
oc sl,l
b such a~vae+d; pmvided, that ii t6a low is gusranteed ar insured, t6e oonsent of the guaraa-
tor'or is obtained in ad~w~e of saidpaymen~.
10. ~l'he Mortgsgee m~y. at any time pead~in
~g a sui~ upon this mo apply to the court having jurisdic
taon thereof for tLe ~ppoiatmeat of a reoeiver. ~nd sucb cour~ sh~ll for wnt~ a~pomt ~ reaiver of t6e premises
oovend Lenby all and singular, iaclwlin~ all ~ad aingular ths inoon?s, Pro~ts. ~ssues, and re~enues irom what-
ever ~ouros denved, eac6 and evecy bf ~vhich~ it beu' ~expreaely understood is hereb~ ihortgaged as it apecifically
set forth and descxibed in the graating and habsadum clauses bereoi. 3uch appoiatment shall be made by
wch eourt ~s rn admitted equity and a mat,ter of abeolute right to uid Mortgag~ee~ and without refenaoe to
ol
the adequacy or inadequacy of tl?e value oi thQ property , or to tLe ~olvenoy pr insolveacy oi said
Mo r or the defeadants. $uch renta pmfits, inaoane, ~ssue~, revenues ehaU be applied by such reoeiver
aooo~ to she lien of tLis mortgages aa~ the practioe of auch eourt. In the event oi aay default oa the put
oi the Mortgagor hereunder, tLe Mortgagur a~~ees to psy to the Mo on demaad as a reasonable monWlv .
e
rental for the premiees an amuunt~ati leasL equivalent t~o one-t~velith s) oi ths te oi t,he twelv4 monthly
instaUments payable ia the tbea current year plw the a~ct,wd amouat of the ann t~ces, as~ea~ments, ~vater
rat~es, aad insuranoe premiums tor such year n~ot oovered by the doraaid montblY P~7menta.
li. In tLe eveat of an~ breach of this mortgag~e or def~ult on the par~ ot the Mortgagor, or in the eveat
F t~ut aay of said sums of monsy herein raierred to be not prompdy aad iWly ~id sooording to tbe teuor Lereoi
p ~gre ~,s,
or in the eveat thi?t eaeh and svery tbe sti ulaf3ons, ~gresmea , condit~ions, ahd oove~nts of said note an~
this mo~g~ge, are not duly, pmmpdy, aad fa11~ peetormed or ~i the Mortgag~nr be adjudicated bankrupt or
made defeadant ia a banlmiptay or reoei~erahip pmoeedinps tLea ia eitber or m~ such event, the ssid aggc+e-
gate aum mentioned in said note tLenrema~nu~g unpaid, ~th intenst acerued to that time. and ~11 money
secured hereby s6sU become due and psy~ble forth~ritb, or theredt~er~ at the option oi ~aid l~iortga~
• fully and oomp~etely as ii all tLe said sums of money'were origiavl7 stipuInted to be p~id on such d~y. an~
. tbing~ ia said note or m this mort~age to tbe ounts~r~ not~vitLstandmg; and thereupon or tbereatter, ~t the optioa
of ead Mo t~agce.~?itlwnt notaoe or dem~ad~ suit at l~?w or ia equit,y~ auy be prosecuted as if all monevs
~ sec-~red hereb~
y h~d matured prior to ita institution. T6e Mo may foreclose tbis mortgag~e, as to the
~ amount p decland due and P~?y~?ble, and the s~d pnmaes s~all~ki to wtidj ~d pa~ the same together
~ with ooata a:p~s~, and allowaac~s. Ia case of partid foreclosure oi thia mo~g~ge, tLe awrtg~g~ed premises
shall be so~d sub~ect to.the concinuing lien of this mortga~o for tLe amount of the debt not then due ~nd ~mpaid.
~ ~o
uch case t~e provmions of tLis paragnph msy aga~n be svailed ~of thenatter from time to time by the
~ 1r
2
No w~ive~ of an~ oo~eoaa~ herein or oi tbe obligat3on secured ha+eby ~Il at any tiane tbereatter be
~ he~id to be a w~iver of tbe teims Lereoi or oi tbe note secured hereby.
13. TLe lien-of tLis instrument ah~ll rean~in ia full fon~e and eSect duruig any postponem~at ar~xtensan
~ at tbs tinae qi p4Ymea~ oi t~he indebtedner or an~ part tbere~f ~ecured h~+eby. .
14. TLis jiio~tg~ge a gi~ea to ~ecure tbs purc6~ss money, or i p:rC tLere~i~ oi tbe lands he~eia:~t
e~
r
i6ed
aad i~ ezeciited w
d d
e
l
i~
e
r
e d ooat~emporaneo
w
l~ w~ t
h t
h
e d
e e d t
h
a
r
e
to~.
' ' 15. Ii t}~e Mortgagor defadt in any oi tbe ooveuanta or agibemenb ooatained l~enin, oc in s~id note. tLen
J ths Mortgs~es au~ pertosm tbs same, and a11 espe~dituns (w'eluding reasonable attorney's fe~t) msde by tLe
M m so~ sball draw iat~+est at tbe s~te pe+ovided for ia tbe principal indebtedaeas, ~nd s6~11 be
~ ~ b
p~~tbirt~ (30) day~ attec dem~ad, and, togetLez ~nth intere4t aad oosts accrued tbereon, shall be ~ecured
: ~ 7 mortBsg°•
f 16. IIpon tLe requat ~ tbs M~~ tbs Mortgsgor s6a11 ezeeute aad deli~ee • snppkment~l note or
~ notes fae tbs amt ae wms ad~anoed
b~
l tbe Mort;ag~ee for tbe alt~eration, impr~veanent, main-
~ t,ea~nos, oc repair oi said premise~, for taus or u~a~menta against t~he aams aad for an~ otber purpose ~utLor-
q i:ed L~+eunder. Said note or notea sbaD be secured hereby on a p~u~itJ with sad a~ fuUy u ii the advanoe
_ s~ide~?aed thersby wee+s inclnded in tbs note Snt da~xibed abore. Said supplemeatsl note es~tes ,beu
a xi ~ t~ J~ ~
~ RQ~~d
~ _