HomeMy WebLinkAbout1850 _ ~
That ii !6~ y:laetp~l ae bbr~st ea tL~ aobs ba~ein de~erib~d ae asy pa:t a~ t~ ind~Dbde~ Naor~d ~ .
~ aar in~rtrst tMr~oa b~ aot paid wMn dn oe K 11I~~t~a~oar skall isil ~oya~ ta~. aaMamrnb~ oe.
; tlaas as t~ ara~ ~eooa~ dw and~ os it dauu a mad~ iA t~ itiit and Dromnt Daiorma~6i~ !
~tiW t~ ~~~w~hm~
~rersnlL~o~~~o~itl~~~ ~~~~~or
~ i! Ya~asor~ndica~ed a banl~rnpt or insoihat, os itsn~ Lw sball b~ ~cbd os de~~~ aq1 aourt
; o~ Lat re~ort im~~ t~ or a~t not now in e~iect npon . this asor~a~s. or llie e~ ~ l~sb~, or
E a~ inter~st ~ Yortsssw~a t1a Y ` Pr~n~aa. a~ r~aderins inop~r~?tiw tM andertvciap oi Y ~o po~
Lu bXM ~ib~D~ Y~ tl~Ylt 0~ ~11I/OSatl~tMitNOA O?aMt tlliA' ~iXO~ ~l ZM ~IItfs'Mt ~II00~ Z?f?!~l0~ 01l~~ :'MSiLt
in t1~ dednetion lmm~ ~sl~ a~ lan~ tor t~c Pa;Paes. oi the ~n~ount oi aeqr lia~ baeon, or ~ tl~ Lws !or tM
taxins o~ or debte ~ecared t1~bY. or it ths ~[ostt~or, witlwat fi~d ob4inins t1~e wrftta~ e~naat ad t~ .
l[ortsas~.~ i~sean~. bsr~ain. ~eri or o~~q tM Yo~a~ed Premises or ~ psrt thaeoi, inel~ timbar. tL~a ~
tbs happ ot ~n~ on~ or mor~ oi thaM enenh, this oon~
~na shall b~eoon~ ab~otna and tbs w~ols indabtednw
~ ~red lu shaU tmn?ediaL~ b~ooen~ d~ aad payabl~ at the option oi tb~ D[ortsapt and thls ma~ '
lherwpou bs tor~elw~d !os tbs wLois oi aid mone7. interest aad. oosh, or H ma~ foreelos~ onb~ snms
al~sn¢h.i
i~e3aari~ale t~M roper~shaU ~~~o1d
s~ab
e~et tot~ll ~r~inin~ ithas~~
neboednws
~ t~
Ye~ostsapi ' .
nu~ asaia ioreelat ia t~ sa~ae maaner as a~a as ~ bs ,~n~ sunn p~s! dn~. ~
• 10. Ii ataa~ ~nne~ atter detault b> >Rar~a`or a recei~arsldP nW? b~ ne~asar~ in tb~~op
iaion a? Yorts~e ~
to proteet tbe lien bereof. or ~?t tb~ Wss o~ or tbe institatbn oi snit to oollect tM indebted~s hrreb~ seenr~d.
. or to foreelo~s thi~ mortsaie, Yorts~ sliall. as aa admitted ~qnit~ and ~s a malbr a~ strict t~d s~ard-
las a~ the, ~alne ot the ro . or t!N sol~ene~? or insolvenc~r oi l[ or ~p~~ booad~r tbe pa~men!
a? tM indebtednas bah ~~~~o tla appoin~entR on ex pazte a pika~n
and ~~~6oat -noda to n0. b7 W :
proPe~' oon:t 1u?~in~ in n, oi a reoeMr. wniea reai~er s~ll ha~a aU a~ the brwd uid ~icti~e pow~ers ,
and innctloas iaan~r~wbe eutras~ed by tbs oour~ to a reeei~er. t~ tslos eharp ot. Pra~r~e. a~aintaia. cars ,
ior and proteet ths llorytsaea Preeaises and to o~Ilee! rents. issna~. rooeeds. Prodaoe.~~p:i~ t inaome sad ranaua a~ °
th~ Yortsa~ed Prmises irom wDi?tsoe~er sonroe derhsd: to make ~ neees~ar~r or needinl repair~ and bo pro~ide !or ~
tM l[ort~a~ed Premises as set torth in ~ra
phs 6 and a abo~?e~ and ~o marlcet the prodneb tha~eo~ and reeai~e
~ aad oolbct t6~ proaeds thereo~ and saehgn~ei~rsbip s1~a11. at tl~s oDtion a~ Yor~a~iq~ coatin~ nntll tM !'allp~. ~
t
c3~ans~ ~
a4o:~i or natii !tW Lo tM Hortgased Premi~a aball lyw pas~ed o~ al~ ~mda a iore-
, ~ il. 8bonjd tYM~
~
seen~i
d~b~r~b7 i~? u~~??artienLr. the~rfshb a~th~ partiM~~~
b snperbr
to tM~~rl~4 a~ th~ l~olde~ a~ aqr iat+ar~inss l~an or anenaobrsae~. .
; 1~. Witboat aii~etias t~ liabdlit~? ~ anppe~on (otDar thsnsn~ pa~oa relwssd pnrsn~at bere0o) !or p~t ~
as~ iad~bbdaas Ncared Dereb~ atd wit6ont ~feetins th~ lka her~o[ nDoa an7 pt~oprrt,~ no! rdw~d pnr~aant besebor
~ ldort~. mss ~t w tim. ana srom ame to nfthont ~tio.: .
(a) Belew W Pes~o~ liabl~ ior pa~anemt o? aiq? indebtedAMS ~eenrd l~nby. .
- . (b) t1N in~da~, or abend tbs tlaae. os a=re~ to alta t~ b~rms, ~t pa~a~st at atq o! tb~ iodabt~
AearPt additbnal secn:ib cd an7 ]dnd.
(d) ~ W DroDa'b s~ini t~s iad~sdaa~ .
Con~eat ~o tta maldns ot a~p msp or pla! a~ ths Yortsapd Praniw. ae t~ erwdoa a[ aa~ ~wmwb
< ther~o~ or an~ ao~nt~ rMtrZeqa~ ns~ ce oocopanc~? f~r~oL
1~. It th~ iadebbsda~a sewred. herb7 is no~w a~ bereaiter in~h~t ~atrd b~ ebatbl mozt~~s: P1~dpy eo~-
tratb a~ taarant~?. o~ leue~, or otb~r seenr[tie~, ~dortta~e ~uy? at ib o4tlon ~ocbsmtu~ ~ oe mo~
~ and~i
~s~ity haaaader. eitbe~ coaeurreatl~ or ind~pa~d~nt1~. sad !a weh az~d~r as k my -
~ i~. No dela~ b~ lt
_~r~a~ ia ~ or reea~? l~and~s. or oR6aR1~ aKordd b~r Lw~ sLaII
op~r~?b as a wai~ez sneeeo~ or preelnde tbs darl~ t~ ooatinoana a~ ~p dafantt ba~sander.
' 16. T6st tb~ ][ortsasor shall permit tl~e Yorl~~ or its rrpsa~atattna bo ~umine and iaspeet t~ pr~mis~s
at aa~ re~sonsble linw.
aasi~e~s a~ tbea~~ hereto~~Wl~e~r mbe~d ~~~N n~nm~ shaII~inelods~tbs
p~ t6e ptarsl t~bt
dn=olar. and the nse of a~p l~der sbatl be app to all seada~s.
~ . ~
Yort~ates s1~a11 be snbrosated to tbe eLims and liens a~ sll pasWs w6as el~es oi Iieas ue dLehuted a~
paid wRh tl~ prooeeds of tbe loan ~eeared~ beieb~. .
In the event title to all or any part of the property herein
~ described should be conveyed by the Mortgagor, the entire balance re-
~ maining unpaid undeY the note secured by this Mortgage shall immediate-
ly become due and payable, at th~ option of the Mortgagee, anything in
said note or this mortgage to the contrary notwithstanding.
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fl . i s . . •
` ~ JN 1?li'NS83 Wfl88SOF, t7~ morl~ats ~s beea dd~r esee~ed by tlk Yorp~o~r 4` ti=}'~~
~ . : 0 4 . ~ ~ ~
•
:
' - PAI,M IL~ID7ADT, iNC. j'~~r+~~r::~t.~ a
~ is t~ • ' r~te
• • ~
r ~
` B ~ • zc 2i. - ~~i
~ ~ Its President •
~ t~)
~ ATTS .
~ . . • ~j~' (Sa1)
~ " ~
_ It8 Sectetary ~f,~
~s
~ ~ ~ ~ _ '