HomeMy WebLinkAbout1399 . " ' ' '-r.~'_ ' _ . ' ' _ .
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f. 'I'6st L tM re~t ~t s wit~6eiat lu~dtue~d w hnel~ t~M aaeiPp~ ~M ~MII b~ Mdel~ M s~U? ~t aq d~t dwi~ :
we?~foeeeiaua suit ts t!~ l~~tbe
ea~h~ow w
e4aosnr~
~dai~~ dia+~poa it ~ Mcsb7~aP~b •
~d
s~n~cd J~ oaut~ap l~wid~ ypoiat a~eh reod~ wtt~ ebe musl powe~s aed duda eE aod~en ls lib a~a; aad sdd ap~
piaaoeac ~?sll M~.d. by ~bs oou,e a. maccer oE ~rta ri~ m~e wd wi~ia~e retsnaa a~ adeqwq ee to~deq et ~be ~
valw oE tb~ peope~? Leceb~r or ~o tht ~sheo~! ee Iarolreaqr of oe aq? od~ puq defsodaet a axb ~ TM ,
Mo*csa~ ~cnbl spedRalqr~~~raTirea cM ~[~6t es a?jaet b~bt appotatwait eE a nr .~ta~add a~d ~s~? ap~a~r coaeod tbu w~
~Ppoinnnent 4haU bs made as an adaieted eqWnr ~ad a a ioatta oE abalna ri~6t w tbe D~oet~~pt ~ad tbat tM ~ my? b~ doo~ rritsow
aotia !o t4e blat~a~. ,
i. Z1st It aq~? proeeedin~+ tbould bt lmBtuted apia~t t~t propee~ ce~a~ed br thi~sore~a~e ~npoa ae,~ otber tiso er clsim w~etLer '
wpenor or juaioc to ebe liea o~ thia tbe Mo~qa~ee my ~t id optba imo~edtatelp opos lo~tt~uioo oi w~eli wie o~ duriu~ t?e pead•
~ t6ereof dalare tLi~ r.onsase aad ctie .ecursd 6aeb7 dw ~ad p~ble toetrwit? aad mq ae tu opeto~ p~ooeed a toraela~
7. '!b pq? aU aad lu tLs oora` tea. etia~a +od r~pe~a af ~a7? kted. tadudlut t1e oat of w~bitr~a ot title to ~atd laod~
tound to be aon~eateat or ac~eot in coaaeetiaa wttl~ aq~ wit ~or tM fo~eebwn ot tLi~ee~ ~sd alN iadedini wktbec t6e Mort~ '
b obGpted ~u same oe aoy cwonabk atooreeri fea iacurred ~e espaoded at W Km~ b tbs Mo~afee bseawt ot tM hiluce of tM •
Mortta~ w~ oaspl~ ~th aod abide br all or_aqt ot t6e ooreaaoe. ca~didoar and ~dpuladoos ~E atd Prooeisoq? aocS or tl~b
roo~t~s~ ia e toralauee of t~m~~~ aed in oolleet~u~ t\s amount ~ea~eed bcreb~ wid~ et witrout bpt~~ooeedto~ wd a teie-
buae tbe foe e~eq p~ynneat made e~ taenrred hr sq~ ~ncti p~po~ wltti iotecat tros da~s af t~eq pyra~eot ~t t6~ nte oE
d~bt pes oau t) pe~ aooua~; ~uc6 pa,~rmena and obliptioa~ wh~ inta~t tLaeoa p atoca~W, ~sU bs ~ecve~ed bp tM Ika 6ereof.
1ti ~tLe buildiot oe bui~ aow or 6ereaker oe aid laad twursd a~ata~t br or daio~~W bp Ar~ sueaded ao+rera~s ~od
ot6e~ Perlb. toel wu ctst imnraoce i a~ailsbk, in a we? not ku tLas tbde iull inurabk ~alue at t~e eat asd espen~e of tbe 1~Sort-
p~or !n a oaspa~ a oompaaia appronred b tbe t!e polk7 or polida ~o be ~dd b7 tbt ~od we~ polier ot polkla oE
imunnce sl~all 6a~e af~iud t6ereto a r~ New Yort Clau~e~ mskia~ ~p loM o~ lo~s ~ potk~oc polida pyabk ~s ~
the Moctp~ee as ia iatant maY appeu. aod en deti~a said poliqr oe p lio
da ~o tre wbm ia~ed witr receipa tor thepa
p-
te
meat of the premium tberefor; aad ia ehe r~ent ae~ nw ot beoo~aes nnda~polie~ o~ polietar tLe Mo~atee ~6a11 6are
t~e opdoo w reod~e aod appUr d~e aoe oa aoeo~mt of tbe L~I~seM seeu~cdp~ or ~o permit tDe More~or ~o reoei~e aod we it, or aoZ
~ paet thereof. tor ad~er pucpae~. whront thcreby wat~Ios o~ isp aqp eq~db~. l~en or mder or by oirene of tbis and
tle Mo~t~a~ee If It deem~ aaeuarp mar gi~sa and p~r fot web i~~ o~ aq~ pa~t t6erw~wlt6out laioi. wai~las or atf~o ~laN
e
psee's o~doo ~o for~elo~e for brae6 of t6is om?eaaot. oe aq1 Put or ~ d~6t or opdoe ~mder t~4 and e~a~ wei W7~
meat ~hill bar lattrat ltao dm t6e~eof nnt~l psid u tLe tue of d[Lt Per ceat (='~fr) pa ~eoro. aed dl a~ek wu6 iataat r
~foraaid sball be aaured b ttie lien 6ereof. Is che e~reat aop ba or damste b soffered 1~loctp~or ~11 aotli7 of sue6 low oc
damaS~ ~i~ ~4!) 6ours sftu tDe rap~mias tbereof; etie hIlrre b ~ive wd~ ~o8oe s~aU ooanitYte s dcf and t1e 1~torep-
tee :6a11 M~e tbe ds6es ~erdn o5~en foe aq defaolb.
9. To peneiy ao~dt or suffa ao wake aad ~o maiatais de iatpronmeon ~t ap eima L a ~tm of ~ood eepai~ and ooodidoe: asd
a do or c~o be doae ~s said presi~es notrist du will aha o~ etisa~e ttie we md duaaa of aid p~opee4? os is w wq imp~ir er
weakea ~aenui4 of utd In aae a~ ttie refusal, oe~ea or Iwbilib af ttie 16o~t~oc ea «p~ir aea mai~ie s~id perty. tbe
mo~a~e. e
~ior~=a`ee map. at ta opcioo, ke web repsin or.aurs tre tame eo be m~de aod sd~~aoe aoat L t6st be6alf w~ wm~ ~6a 1 be seeured
b~r tl~ ttea 6eceof and bar iaterat at d~e nte ~E a~it pe~ eeat per aaoao.
~
10. 1b deli~ tbe ab~aset or aburaw aE dcle tM sat pnnperyr to Mo~ee or its daipsted a~ea~ vrDkL ~hall u
all timeti dario~ ebe Ute of t6b aooct~e, raaaia 1s t~e~p~ eE t~e aod L eveat aE t~e ~OSeelo~nn a~ t6is mo~ase or octia
tramhr oE titl~ ap ry?t. titte aad laterat a~ t~e M~ot fu ud to se~ suer ab~tt~ct er ab~tneb oE dde ~aU pa~ to tbe puec6a~er ot
t~~ .
f l. lbat as wd~ru ofaa~ omreoaet ~eteia ar tn t`e obli~aties seaued tien47 ~sll ~t aq tise tieceafar be tidd es be a Nai~a ~1
any ef tLe ~R~er tenw 6ereef or o~ tre ~o~e ~eeured 6eeeb7. -
lt That 3a orda ~s aooel~ace t6e sstu*iti o~ tLe iadebcedeeu tiere~p sxor.a beuu.e of ttis fstlnre ot tre Moe~ w riY •er ~
aaeaoeny Uabiliqr. abliiattos ot eaaro~bruce opea said piepeeq? a~ herds pre~tded~ h ~Datl ~ot bs ~ar7 so~ rs9uhite t~at ttie Mo~e
.h.n ~nc p.r tbe .we.
lf. Tl~at if tre ~o~qapr ~Il fdl, neiiect ~ refa~e fie a period eE tYrt~ (f0) aal~ ~r~ M'~Pdl ~s pqr tbe amo~mb e~
quired to b~ paid b~ t~e aa~e 6ee~by ~eear~d or t~s laterat t~ ~pedtied o~ a~7 oE tre ~us~ aE mo~e~ ~erda refare~ ~s or baeb~ ~a
eur~d. or otberwi~e dab. ~7 P~~7 p P~ ~ ceo~y wit~ aod abide~r aelr r?erf ~r an7 of tre oo~e~soa. ooadtaoo~
er ~tipulatiam of eLb so~tpR. t6ep~a~or~ note baeb7 ~eeured aoi/or t4 aoo~etoetioe loaa ~eesaw. if aer. t6ea, aed ia dther or L
anr ef we6 erent~ wi~oat aocia o~ demaod, c6e saida~e~te w~ ~sendoncd is s~id p~+aniroq a~ot~ kr P~iow Ps~ if asr. and
aa~ aod all sum~s meotiooed hee~ets ar .aared baebr ~all beoowme doe asd parible fo~witti ar ebereafte~ u the ooodnuio~ of tM
Mort=a~ee a~ full~ a~ oompletd~ a~ if aid aa~ste wum were eripnaA~ sd~~ 1o be. paid st we6~ aa~ddns in sai~~
oote or 6ereia to t6e oont~ar7 ' and t6e ~ sbaU be eotided t?erenpon o~ t6aeatta wIt~out no8oe or demand co ia-
~titute soit u law or taeq ts eaforoe ttie of tbe Mataa~ee 6creunder or mder stid pnosiaory mte. L t6e e?ax of aa~ ddauk
o~ b~ach an the put of t6ei~ 6erc~or uoder said p~ovi~so~ aoo~ t5e Mo~tP`se ~hall Lans ttie oomjnnint optioa ~o mfora
parmeut ot all swm ~ewred Laebr b1 ~etion at law or wk io ~o ~oraio~e t6is awet~a~e. dt~ee or ba~6. ooaenrrenty or otberwLe.
and oae aetim or wit s6a11 not abate or be a bar ~s or w~ier of t?r~~rt~a+s ri~Lt b imtitute or matotaia tl~e otrer. provided ~aid b/ort•
PfK a6:11 6t~e oal~ ane pa~meot and atbfaetbo of said jnde6tsdoew.
~ 14 'Tbat Ia t6e. tvent ttiu r stiaq (1) ooo~eat ts t6e appoi~u of a reoei~er, tnroee o~ Itquidaosr of all o~ a w6~tsatid
put af aMee~, or be ad s 6aakrapt er ia~oi~ o~ Sle a~ol ~eBdos in bsakrapoey or admit in wrldn~ ie~
lnabiL'q M~deba a~ tbe~ beoooe uy ec aats s~sea1 ari~omeaR for t~e ~ a~ aedimn. or (4) ~ik a petitim or an~wa ~
~ot ~ K~t~ witb uedieon„ or to ake sd~aoa~e o~ an~ idohme~r law. u(S) Sk as ao~wer sdadetia~ tbe ma-
ariat d1~aoow of a petitlon skd aptmt the Mo~t~a~ in any bantruP~f. ~P~satios at ts~sl~eoc~ proa~ioG or setion sralt be ;
aten b~ e~e 1~r~or fo~ tbe purpae a~ effeui~ sny of tbe fore~oinL or (7) +~ar o~da. 1~ o~ d~eree srslt be ea~ered upoe ao i
a~~~~ of a arditor o~ Mort~a~or M s eoart of oompeemt j'nr»dtedon aPP~oi • P~~ ~i appoinm~at of a cadrer or trustu ,
slo~- 1 ot s sub~taotial part of tlie Mor~or's aNet~ aod weL orde~. lodnoent or den+ee ~6a11 eondoue ~ta aad 1s effat for ao7 period o~ '
~ e~ (30) ~.e da~ d~eMor~s~ mar deelars d~e noce 6enbr seeured ~oretwi~ dne aod parab~wheceor~ cLe~ noipal of sad
E ~6e ~CUac san~ed oo e6e sae and ] oera w~ tiamby secured .bstl b~ooroe i~wi~ dne aod par+bk as i~ aU of ~6e ssid sums o~ mooer
~ were ori~aallr stipnlaad to be paid aa wer da~; aod ttiaeapon t~ 1Ro~ee witbout aoeks or dmsod mar peo~eeute a suit at !aw and/er
F tn cquit~ as tf slt moata .eeu~roa kcce~ ti.e matored p~iK ~o it. i..ac~efoo.
1S. ~at ttie ~oct~ or an7 P~esoa aatbo~iud b~ t~s Mo~tp~ee s~sll rs~e ttie ti~t ~s mter upoa aod inspect tre mo~tppcd
F • tremi~a u all rea~ooabk tLoe~.
` if. Tbat a~ mm e~ wms K?ieti ms~ 6e kaned or ad~aaoed by t~s 1~oetp~ee e~ t~e Mat~or at aay ttve wit~ ten (!0) ~ea~s
~ fro~s tbe due of ebis iodentore. eo~etLer wid~ 1~terat tbeno~ at tbe tate ayre~d tipow at t6s tise of a~ ban or ad~aooe, s6a11 be equall~ ~e-
amd witD aod ban tbe ame prbriq r tre orisia~l iode~Cdaew ~sd be ~ka te all tre a~w aod pro~~bioo~ of trb mo~t~a~e:
` tbat the a~pte ~ of P~~P~ ~K u an? tuoe trall eot ssoeed a~ Nnoa~t eqwl ~s ooe 1~ red and Sft~ per eent (1S0'Xr)
` _ ds p~adpal amome o~slb ~ed 6ereb~ ~
' 17. T~ay f~ eeqdrsd b7 t~e aid l~oet~or wEn N7o~a ~M 1~~ee. M tM 8nt Ly ~E acr ~ad eneq? ooMeeud~e
~ aootti. : sum ~qwl ts oee-twdith oE ttie ao~wl amouat oeaNarf a t~f dY taus a~d ~seroew apint tw aid~ ~ sa~d '
~ mootUy wm a be ati~ated soley ?p MoetP~ee aea ealailated lo be as asoeu wt las ttin 1!e aoowt oE q~es a~aiat ~aW ao~t-
F ~ ahere~in ~ pa~meat o~~ ~ao~ ~awessew. pq ap iasuraeoe peeeiu~s ia saoaer ~ad io~ d pro~id~d
~ lt. Ztiat i~ t?e e~e~t ttie lon w1deM eW ~et~p i d~ q~or~ b aade br de r~e ~E 9~i dt~er tbe oortn~
E ~t sew bdldiap ar etie eoo~tnKtiow oE impeo~reseon aed/er addttiw w e~i~do~ 6dWi~ tMr 1 0~6 et~py tf n~ie~sd b~~~
4 ~~Iw~sad tre
~o~al aoouot. ar
~a~ ~~p~~d~ ao ~mo~eR o~
~~~~tdd ~a~o~trduaio~i~ ~d~
wi~ ti~ plar
~ ~nd ~paiBcaKoa~s ~erc~sre wbmItted b~ tie M~etppr ana 1p~~~
e~e Mortp~ea Said aso~ot of mooe~ ~6a11 be plsad bp eLe
~ ldoctp~ee in a'I~oaa~ L Peoeaa Aoooont' ia tbe name ot tM H , a~ t6e ase s6~11 bt aed h~ tM Mo~t~~se ~o par t6e ao~t~.
~ - e~s~a aod a~peo~a Zneorred in aemeeBoa .?Itti nW eeauroeti.~io prtor a C~~n~i~ ~E ~W loae. Ie b fureber a~ed t6ac 1a t6s e.eot
~ sdd oomtroedos b sot iW17 eoopletea on or before t6e d~ce wtcd ia ttie A~truqioa Lo~a or L t6e neat t6at ttie wort ea
~ ajd aomt~uaios ~baq cene 6efa~+e foU oos~ledoa aod a~ oeradou s6a1t eootione ~ s period a~ (10) da er If sobatantial ooodnuo~s
~ pop~a~ s6a11 oot be m~de L a~ oomtrnaeoo. t~eo ~od I~ aap ~ e~e~t ttie aid aarepte ws, l~~PV ma~tiooed io saW
~ pnmtsory aay and sp sooks sxun+~ be~7 iWl beoase dne and pa~abk l~wicr er traeai~er u tLe eptfoe ot aW Morep~ce: ~od !n
t~e t~est ot wei oawioa aE worft~po~ ~ eomtroedoa ior • tetbd ~f tea (10) ds~tr, et it w~tantial aootiauw~ pro~ras t6a11 ost be
mads in a~ci ooa~trnaio4 a afiradd. dro mq~ ~t ib ottien eaar iaeo aad opoo tbe prmbes asd oooplete s~id ooa-
~ .unaloe i~ .ueh msooer ~u h das..d.b.ek~ w~ tra. cre Mats•ar: ~~~a~ ~br d~s ~ s~s
~ ts tbe Mort~s~ee fall power a~ aat6osi4 ~s make w~ atrf iaa aod opoe aia woet~a~cdry~~. to sca inoo wei eoauaca or ar-
no~w as m~? be oeoewr7 w oospleee s~W co~av~ee. ~sd M apead aq moda L aid "I~ae~ i~ P~~ooe~t Aoo~w' asd
ia additjoo mp sum~ o~ aone~ aeoa~ar7 ~e oooplea atA aoa~croetiao: sod up ad dl moda ~b~ etie ldertp~ee Is oeeneetie~
~ we~ ~~pktioo ~ooo~tra p
o~~in
aoew a P~ry and ~bdl be seeored ~wo~ti~ye. ~~11 M~abk Na~apr
a
~o~x 85 1~