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~ONCy Of POIkl/t Yld ~RT~E h~1N !fN Opt1011 10 f'~p111r afld ~pply 11M iMM Of1 ~OOOIf1f Of !1N ~fl~b1'~wM NO~M~d Mf~ll Of M ~
p~~nit aid MORTGII~OORS to naiw and w~ M or an1? pw't tMwof fa otMr without th~+b'l?v~fvin~ a? I~np+irie~ ~~h? ~qulb.
IIN+ or ~i~t und~~ or b~r virtw of 1Ns Mo~tpp: and M th~ ~k qW MORT~J~ ORS si+~N io? any rw~on faif to kMp tM uW P~~ I
• ~o, N~und, or hil to ddlwr prarotb angr of ~Id polkia of irwrana to ssW MORTG~II~CEE. or h~1 p~ompty to wy 1v~Na~r M«n~lun+ tF+~+fa.
o? in any n~p~et fNl to p~rior~. ~ac;ut~. eff~et. oompbt~. com~lY with and ab1d~ b~? tMs ao+r~rwe?t, or +n~? P+~ h~nof. ~td MORT• !
G/~CEE n~r P4a and phr fo? ~ueh Maw~ aa~? Ps~ withcut vwivi~ or s 4~ae~? option. ~i~n. ~ou~eY. or ri~R w+d~? a by ,
Wrtw of tNs and tM fi~N anwurK of ~h and ~Y x+d+ P~1~+~~t sh~ll b~ tN~l dW snd psyaW~ and ~11 bwr Mt~st J
ira~+ tM dat~~l~~ir~til psid at th~ at~ of tix a~ th~ P+r c~nt pa arirwn and lopd»? with wd~ int~st ~11 b~ acw~d bY th~ ~
N~n of this mo~p. «u
To pKmit. oawNt at wfh? ~o vwst~. MiP+trnNnt a d~tKioation of sNd propwt~r or an~r prt eMhof. ,
S. It k hu~b~?~q ficaly a~d tl~t any wnn or wn+s whkh may b~ loaned or advanad, bY tht Morl~s~ t~o tM MoKfs~a at any .
+inw aftK tM hoo~ir~ of thk Md~nn+n. toptha with Intahst tMnon at tM ~ste s~reod upon at tM tim~ of wch lan or adva~o~. shall b~
pwly satind with and hwr th~ ssn» priorib as th~ ori~te+~l k~d~W~drnss, and b~ wbjeet to all th~ t~ms and p~ovistons of tMs n~ortpt~C
~ (lP'~SO%~
th
~p~in~anwut?t ori~ind~~wrd at ~ tim~ d~sll nof ~~aad an anat~nt pwl to on~ h~r~dnd ~nd fifyr psr o~nt .
~ 6. To pn? aN and sin~u4? tM a~sts. drrta +ind ~xP~. M+elu~^~ • nao~M ~~s fN and oosts of abat~et of titb In•
' curnd or piW at tin~e b~r said MORTGA~CEE baauw o? in tM ~t of tM htlun on th~p~t th~ aid MORTG/1i00R w duh. P~~h .
awd ~ulb PK~~,~. ~Mat. oompNt~. ~on+P~Y with ~nd abid~ by ach and Mry tM stiq+latiom. ynMmnfs. oa+dltioro
and oc+rrnants of ssid pranistory ~ot~ and H~is mo~tsar ar?Y o? MM+~?. and satd oosb. ch~R~s ~d ~~s. ~ach and wKr sh~ll b~ ~
Mr~dlst~ly dw and pay~bb; wFrtFw os ~ot ttMn b~ notia. d~nynd. aK~mpt to oolbct ; and tM iull a~rio~int o~ ~ad+ ~nd
oost~s. dwhs~ ~0 4+a~ird or Wtd ~to~tF~ with ~uch i~nt~enst. sh~li b~ s~a rd lia~ ~
t1~is m~o~t~~~"~' and all aid
~ 7. TMt GJ in th~ ~v~nt of a~r bro~th of tNs Mat~ or dsfault an tht of th~ MORTGNOO~i. or IW in th~ ~we~t anY of pW
' sur~ of nw~wy 1wn~n nf~nd w b~ not p~omptiy and tu11r pvd v~th~n tMrty l30) ~ri nsxt aha th~ sMns ~ai~y b~oo~rw dw and wy+bl~,
without dNn~nd w noNo~. or W in th~ fwnt ach snd wwY~tM ~tbu4tions. a~wnw~ts. canditio~s and oaw~ants of a~W. nob
and this mort~par+y or NtMr an not duly. Pr'aeP~h ~b ~Kd. t~aa+ted. ~fhctd. wmpltt~ oa!~11~ and
abid~d by. then in dtF~u or an~r wcfi ~v«+t. tM saida~
t~ wn~ nNntiawd M s~W promissory nob th~n randnin~ unaa. with lot~nst '
~u
~ aarwd• aod atl ~o~y s~ound Mntry. shsll b~oo~n~ dw snd p~yabl~ fathwilh. o? tF~e~sfNr. at th~ optian of saW MORTGIIGEE. a fuly
and aoenpl.hy as
t~ f ali of th. said a.+a of nwn.y wer. «i~ty sNpular.d eo b. p.W an a~d~ dhr. ~ ~n sald p~omt~ory ooN or u+
tNs Mortpp fo tM aonMry not witF~stsndin~; ~rd tFrrw~pon ~ tl~pft~ st th~ aption of sstd MOR1r1'"~E. without ootia or dn+~and.
' suit at law or In equily. ms~? be Prosewted as If sll enoola seaKed Mr~by hd ~iw~d prior to its i~fitution.
; 8. Th~t In th~ want th~t st tht bs~irr~4+t of or at any tM~ per~in~ a~r wft upon tNs . or to to~elo~ it, w lo nfoea
M or to enfao~ p~pr~e~t ofsny cWms herwmds~. sdd MORTGNCEE shall apply to ths Cowt h~vir~~~~io~ Mrrrof for th~ appointn~ont
~ o~ .a R~oeiver. wch Caurt shall forthwith appoint a Reutw?. of s~W mo~t~a~d ProPwb all and sinp+lu. Mch+din~ all and sineulu tM
~ trioome. Profits. iswes snd ra~rern~as f~om wh~tewr source dKived. pch and every of wF+kh„ ft bdnt e~stb ~~'~'Y ^^0K
~ss if spKifically set forth and descrtbed in the ~ant~y and haba~dum ciwses hanof. and such Reaiv~ shsll haw all Na broad and
; a'f#ectivs 1uncNoris and po~wers in a~ywise e~hustd b~r s Court to a Raoeiwr.' and such a~ppoMtnMnt sh~ll b~ msde by w~ Court as an
; sdmitted equity and a matt~? of ab~Me ri~ht w said MORT snd without rofKa~ to th~ adeqw~Y w in~dequacy of tht value of tl+~
~ prope~ty mo~t~ssed o? w ths solva~cy or i~olvaxy of saidC ~A~~ or'tM dsFa~erNs. and th~t wd~ ~ts. ProH1s. i~oomes. issw?
~ and nve~ws shsll bs applied b~? wch Rateiwr aooordln~ to tht lien or t~r oF s~W MORTGII~EE and tM prKtio~ of such Court
+ 9- To d~h?. a~vtly and tuly pKiorm. disch.?~e. e~oeai~.. •fhct. aanv~•~ ~vh? wlth and absd~ by .ad~ and ~v~r tt» stipu-
4 lstions. s~reements. ca~tio~s and in ssid protNs~on? note aAd in tNs mort~ap set io~tk
~ 10. Tl~t in the -~v~ent th~ ow~~'bf th~ morti~~ P~~. a~Y P~ ~f. beoanas vestrd in a D~sa+ otF~sr th~+ th~
! MORTCA~GOR. tM MORTGAiGEE. its woosssors snd suiO~s. na~?. without notioe to ths MORTGNGOR. dal with wch woas~or or wooess~
i in ieterest with ~efarenoe to tNs mortpae and ths debt ~ecw~d the ssms nw~ as with Mort~s~ without M ~ny vwy vitiaHe~
~ i or ~ th~ Mortp~ors N~bility hK~ui~r a upan th~ h~rebl? sewnd. No ssk of the Pn+nises F~eb!? nwrtpNd and no ~on-
beannot an th~ psrt of the MORTGACEE or its wocessors or s~t~ns ard no ~xternion of th~ Hme for th~ Raym~K of th~ debt hsreby ssaued
i tta~MO
T~G/1~t'AR hsr~Nn,ENHw in~o?
~
p~i~ shdl opsab to nl~. ~e. nwdi~Y. dwip or ~ff~ct th~ ai~insl lisbiliry of
11. It is~i iie~lly a~resd th~t tlrM b of th~ ~ of this oontraet and th~t no watw? or any obliprion hwwwd~r ot of th~
~ obltptian s~ax~d henby shall at an~r tims tF~nsftr b~ heid to b~ a wsiwr of iM t~nns harrof or of ths k~stnRmnt s~a~rd i+KOby.
~ IN WITNESS WHER60F. tiw :sid MORTGJIC'i0R ha h~rw~nto s~t Ns hsnd and seal tht dhr ard ~es~ first afonsaid.
Sipwd. Sesled and dsliw~rd M pros~r~o~ of:
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~__.s~..~u~~~_____} ~ - -
~ e.t~. w.,o~+.ih? .~..~.a ALFRED F. PA~ETT .~e
. PA~~.~, his wHr. to m~ w.ll k,+own. snd luww~ to nr to b~ th~ Indlvidw~ dacrib~d in .
: - an~ t forKotns ie~trun~nt~ and itkrqwbdpd b~fon nM that tM~r ~~aa~t~d th~ t+~m for th~ purpoas th~nM~ ~sed.
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' - : V~jl~~~'~nd and offkisl tMl N~isY__~~ - ---a.v ~ i9.4~.
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~ - » ° 1964 APR 24 PM I: 46 an ~
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