HomeMy WebLinkAbout0920 w - - - ~
'
• .
a o. . : ~
I~ V
~
{ ~
~
~ s. vat~ d~ault iR tb. pe~ af t~ oo~.o.tib aod a~+eaaa?a aE t~ w°~'~q, ebe~oe~oa
~~~~e~inbe~ors ae~va. bat in a~s a~ a debnlt~s m7? tbe
~o ooDeot dr~ d~s ~rl~n dao~ p~Q~?.
~ tb~y moet~ ~nd t6~ a bie to ~°~0~° af tLs mo~ed
~n ~d wlaaWt ~otios be to ths sppoi~tmeat
, oE~ itw~es aad t6Oe~eo~ wld? t6s uaal~~~~~ foeedo~0. ~ 0°"~D'~~01°~
~ jn potieu~ion af die ~id propeelr ~ tbs tlaa af tbs . .
s~k bq d~s Oo~a~ r ~ prao~i~a l~srain de~x~d. a ~a~r p~t ~0°~ ~
9. IE a w~r~oos ~~~~~fO~p~~~ af Lw by dre ~ o~ da ~bU~tioa:
~~xid
p~i~oaniro~ry no~s and tLb tDao. ~ncl in tbat an?a~t. and at tbe optloa o~
, ,~nnd urkbont notioa~ ~ oE money ~ec~aed haeb~t~L~~7? ~ O°'~'°1°~ mch ooaveyams
d de~l wlth wooe~oa in in~a~t wftb refe~~eooe ~ tLi~ ~b~ ~ d~.
~
Payabk aad in dehal~ 1bs AatocWioa a~? ~ ma fabesr to sne ac may aac~eod Hous fo~ payma~t '
: secnrod in tbe ams aw~r as ~L d~s mo~t~a~, r a v~on
bec~eb~?~ oe ot~eewbs act ~~d~dal w~ tL~sr~ aodla ~k a~ooe~ocs ia ~ rvlth raia~enos tb tbM
},~~j, fc~ ~ara~
` ~
d~e ~b~?~se~ire~d by fa~be~io~ to sua. e~~'8 ~O ~°°e fa~ p~ynaeat af ths debt. Peo"?1d~E
aad/a~a~ d~ ~~y modltia~tioos of tbs ooutr~t. vv~o~ ~'"Y P~h'
• lrs av~er od~ar mast~a8~ees a lianon a bokle:s of aay ~br i~?teeesb in tdoen fa ~
; 10. '11at ia tbe ~nra~t~
tbe Ano~cLtion~ ~~+~Il bava t6e r~t~ deawvd tL~t a1t d+iao~ge= aw~+tkd
' ~a~ ~ sMU bs m d~s As~ociatiog ib woo~+as ar a~, uP to d~e anauoR anpaid on ~N
~ ~ ~ ~ ~ ble dres~on.
may 6s applied upon t~° P~ymeot P~~°'°n h~ P~Ya "
~ 11. lt is spe~? ~~ms bc tbs e~enoe cf tLN coutrast and that no rraiv~ar aE any obitg~~tloo ~a~rd~ ac oE
: ~a~ed b,e~~e6y sbaII at au~r tims d~e~+e~Etec be beld to bs a.waiv~er af tbe ~ea a~~~ ~
bs '
~ 18. IE faredo ~pro~oe~~ aE an~~ a: seoond tr~ deed ar ~r ~ Y •
a~a, ab r a«~° a~' ~'°``~°.na ~ ~ ~ ~
~ '
.Aa -
~ is. ~a~~c~a~~~~~«~s~~~ab~.na~~~~.~a
e~ ~ ~ a ~..aa m
. c~ct~oa ~s Lereb~? .na a ~n w~s a ~n pa~.
liai a~ ot~er ~ aa ths la~d dasc~ed Lerdn whic~ is t-~~ liam ar otber e~beaooa,~ •
~ of tbs baa desadbed 6a~eL? or securea ~~eby. a bereb~r to
to ~~nd be held by d~e As~ociation herein ~sp~~? ~ and been hdd tbs As~odatbn L~d it bean
~ die :4aae ~deat t1~t i~ rronid ~~e been ~ad w~ouid bav~e bsea paaed
of a~OmeK, Aotvvk~nd-
; a~, ~~Lr1y a~ned~ trinsfened, set o~ imd daaiNeeed unbo tLe Assoc3atjon b+~? sep~e'~~e ~t tbe ~ame w01
md ~ in~ention of ths
ing tbs fad tbat the s~us mi~+ be sathEied aad rmoeDed af :eoad. ~~8
'be ~ed and c~noe~ed o~ seo~'~ dre bo~cle~s the~~eoE at ac abo~t tbe thoa af die ~ooeding oE t~s ~ at sn
14. 'fo Pu7 sl! and ~gulu t6° °°sts' c~ge~' o~sw~
aad~ a~c6 m~d a~r ~Ly
time b~, ths Assodatioo, because of tbe hilura oE the aetgagoa P~~. ,
~~~e~b, co~itiona ~nd oo~venana af aid p~mi~ocy note and tlds deed. a~ eitbar. 1x~ ~ be~t
from dace i?t the rabe stated ~ d,e nots sec~d ba+eby ~~~r a aoy p~rt d~eof:
15. 17iat be w01 e~~t. cansmft, ar su~a ~uo w~ste. impa~e~.
and ia the ~v~ent af die of the M goa ~0 loeep tbe bnilding~ o~ s~td premi~es and tliose ~o bv e~~ec.~aed an snid P~m~s.
~ a~ ba~~~a~,°`~~.e~~r~~ap.rfa~~ ,~m~a~~m:ra~.
~ p`°'"~ .aaa~~u~~~p.~a~n~~
~ ' ~ i~~d~~~~~?~~p•y~.~r'r~~~~~~°'a°`"~. '
' a~~?ya~.~a~r~~?r~~nt~~c~a.a~~~~a a ~ ~ ~
16. 1~ac if tbe As~odatjon sna tbe MaRgag~ a~? ~1° ~ ~tfon bea~i- ~
thdr liv~es in an arae~n?t eqwd hom time tu time to tbe amo~mt o~ i~Kk~~ ~t tbe Ma~g,+?gars do aot), '
casr~, t6em~mda. and tl~at the ssid Assodstion m~Ypa ~1° P~~ g~ ~y of tbe tbea ctureot maiadti and it sbaD beoome
~ and add ac~ snc6 pay~omt to tbe~paid b~Lnoe of ~ 1oon,
additWoal indebte~ss secvred by this matga8e Pay~~ oo~trudiaa bm, ~u~e on the part of the Maetg,xgo~s o~
17. '~at in t~e ev~ent d~at d~is ~ona~tg~8e ~e vv~h Go~-~ ASr°~'k cE arem dde berarvith. ac ta build
~r oootr~cbo~s tu comp~ s~ ~S ~ a~n~d~a~oe
said oos~stcuction in acooedanoe w~h PLm'°d e~ama~mc af
p~1
a~nd ~
ba~eby?~
d
a~ad~a
~ and, at t~e ontioa af tbe Assodatio4 ~ •
'datioa may immediatelY i~tu~° P~°0°°~ sbaD st sffi timas? du~8 t~s life oE this mo~t .
~ 18` 1'hat dre ibstradt or abstracb af Hde aoMafng t~we mo~t&ig~
ged P~OP~r
~ ; gag
er remain in the pos~sion af tbe A~oc~?tion and~ ~
a~°0~°~°~°~a
f~~8~ ~
t ~~~t to tbs pc~ a~ 8~; ~ d~e A~ociation in add3- `
19. T6e A~oc3ation sLa11 have tbe rlg~ in ~~9~ ~°~a~~d1e~nobe ~ec.ured by d~is mact
'g~~e.
i j •i tion t~ tbe manthly i~ts ~ P~P~ and ~ to be paid by tbe Matg~gas le~vied cc a~esied bp a~ry '
~ . an amoant eqnal•tio aie~t~h af the am~mil ~~~Y ~ and B~~Co~aage i~"i'~° an tbe ma~tgaged :
~ . ~ S~l i~~ ~~O°~~ °f~~
~~o~tgaga~ fa~+e ~o maloe ~c6 p4ymenb ~1 ooasNta~e s default
i . p~ as herembefore ~
unda thk ma~aSa
_ ~ IN WITNSSS WHEREOF, tLe ssid Matg~goe~ l~era+mbo ~t t6eir hand: and se~b tbe day u~d yesr &~t abotis vvr~tbea.
~ .
s S . - ~ , ~
~ i ` ' 7fj - - • ' .
; • g'SAL) .
` ± - - ~'L~riC Q . ! - .
_ , . .
' i . . - ~ . ~ ~
~ { - A8 ~ see
~
.r ~ ? ' 0 8. ~
g
~ ~ ~ (s~'?
~ As ord H.
~ ~ -
~ ; - . ~
~ ~9
~ # . _ . .
~ : - -
~ .