HomeMy WebLinkAbout2856 ' :
~ • \ . ~ .~"'~p TY'r'- ~
_~Ci~ , '~t~'~'. ~ 1
4'~~! ~~~~.Y~; „~~e.,1~'.r- { ' , P~C~ :
~ 1~ . ~ : : ~ . .
~ i ,-;~~~:i.a.~r:
?s1~ii:.' .~tl~~L~' r~ ~ 11 l.
; . ' , ad.~i.s-~:i.c-1-~.•.: i ~ .
, ~
• and s!u?II pay dl otl~er wm~ rori~kd to be id br eha ~ien '
m P M [ase. anJ ~hdl per[orm. eomplr Mith and abiJe br '~eh~• 11~d
~ . efery t!a sUpulationa. agremeats. eond[tions and eonenaau ot wid pco~ei~~ory aote ~nd ot this JceJ. then tha ~lce+d~sad thc '
eaate Aee+ebr ecaated ~liall oca~e aad Le aull aad_ roid . ti.
AND TliE I?tORTCACOR doa hercbr lnethe~ oov~eant and a~ree as tolbrs:
1. To par d! uud sIn`ula~ the princlpal ~nd tnter+at aQd aher wms of ,.ooer wr•bk br .inue ot s.W promts.o~ noee
aad thi~ mon6.=e. or eieher. Pmn?pdr at the da
ri~P~tivel7r the wene serer~ll~ eome dua
2. To psy ell ~nd aiaguia~ tazr. taeerxa~eats, levieti It~bilitia, obli~stbm ~nd encumbranees of erer~ natare on said
de~cribed properta. esi 6~ad erery. ritbia eho titne ~peci[icd In Pua6nph 6 belo~. ~nd if the ~une shall not be promptl~ patd, ~.j .
i; ~ee m r. a snr tlme cithei beto~ or dter delinque~ry. pq t6a tame xithout aairin~ or n[fc~etin~ ~he oFtion to lore. -
elo~e, o~ anr rj~ht hc.eunder aed crery parmeat so made dull beu lete~e.+t [rom the date thereof at the tate ot 10 r?ereent
• pe~ aemua. ~
~ _ ;r .
, ~ 3. To keep tbe buildin6s no~ or herealter on wid laed ~nd tF~e (iYtuts~ and peaon~l ptopertr thet~ein contefaed Insurtd. ;:C~.
- 6t a canpanr or eornpaniw spprorsd bp the mort~~ae. ~ainri lo~a b~ fire wd .+tn~tornn, toc the 6lshest inwnble ~nlue w
' th~t thc mortRssee~ intcr~st is not wbjeet ta ro-inr.urante. anJ tl~e polieq oe polkies ahall be held by and be p+~~dde to,s~id
mo~t6a6ee. aad t6e mat6a~ee shett here ~he.option to teecire and ~pplr said pa~nnent on account ot the Ud~b~eJoco l~cKby r+',
xcurod. or pertnit the mott~eaor to tcceire or we it, o~ anr part theroot. ter ~nr purpoies without t~e~eL~ M~IrII~~ or ;m.
pairinj the equiq. lien or riRht uadee and br virtue of thi~ ~nortaabe aad mar p1~ce and j+ay for auch Liwnnce or an~ pact 1•
' rS_ thaeo[ withont v?aMas oe aKeetlns the option to foreelose or ae~ riRht hcreuede~. anJ eech mch parmeat ~hal) l~r [atorest irom fi~. •
• date ~t tl~e tue ot 10 pecoent per ennnm.
4. To perenit, oonamit. or aufte~ no ~ruta impairmrnt. aLandone~ent. or deterbratba ot wid propertr. oe ~ay part the~
ot. aed apon tLe tailnre ot t6e Mortsa6or to kcep the buildinp aud penond peopatr on said propectp Ia ~ood eondittoa or rr
~ pair. the Mortsa~ee ma~ dan~nd t~e Immediate repair of saJd ptopery. or aa i~erease io the aaonnt ot ~eenrity. or the im•
mediate e~epa~nn~nt of t6e debt he?ebr seeured. ~d the failnm of the I?lortsasoe to eanpl~ •rith wId danaad of tlieflKortS~aee
[or a pe~iod of 15 da7s. shall eonstituta a breaeh of t6is biort6ase. ~ad u t6e optton ot ehe Moresasee, tma,edi•eely eeatnro
the a~tire amouet ot pdneipa) and lntersat hueb7 iecured. ~nd the atortea~e,e, immedfatelr and withont aot[oe. mar in~titate
nd
- p~oceedin6s to foreclose thi~ Mort~e and appir for the ~ppoiattnent et a Reairer. a~ heretoaiter pronided .
S. To perione. oo~mpl~ n[eh wd abide b~ eae6 and eMery the sdpnlation~. a6reeiaenp, eonditioot, and oorenm4 i~ ~ald '
praniroryr note and dee~ ~ec iorth.
6~ To delt~rer to the Mon6a6ae, oa or 6efore Febenary 1 of each ~ear, tu reaetpb e~ideneta` tbe pa~e~ant ot all lawlullr
. ~mpaed wca npon ~+e mort~cd propenp fa~r the procedin~ calendar pear: to ddieer to ehe Martsaeas reoetpu erldencta~ e6s
p~~ta ot rJl liaa tor publie improraneau rrit6in Ninetp (90) dars dter the ~sme ~Lall beoome due and p~~able. aad to par
ot dixhar6e within Ni ~
neq? (90) dq. deer dee daea wy wd al~ Ro.emmeatd lerie~ elut mq be seide oa~ t6e uiort~aaed
P~f. on thb Mert~e or note or ia tep other ~rar raaileL+~ irom ths mort6a6e iedebtednaa ~eaced b~ thfs Moetp~s. • y~:
T. ?o pa~r all asd dasular the oo~ts, cbarsa. and euyen~a, L~clndtna la~rper'~ iea, reuoaablr lnatcnd or paid at u~
tims b~ t6e Mort6aaee, becawe ot tbs tailare of t6e Mort~or to pe~[onn, oomplr aith aad abide bp aaeh aad ererr the ~tipu-
lation~. ~arammt~. ooadit~on~ aad ooneaanb of ald peombwrr ~eote and thL deed. or dther. and etes~r weh p~~cat ~h~lt
beat lntace~t teom d~te at the rate oI 1Q peroeat per aaaum.
y~ 8. Tt~st 1t aeJr aetioe. or prooeed'ms. e6~ll be ~ bp ~n~. penon ot6a than tLe 6older ot tht~ mortp6a (~~P~
~n actioa to foreclaie thi~ mortsaae. or to collxt the debc seeared
thercby) to r~rhlch aeUon. os prooeedias, ths bolda of thb
, j.• ~natsa~e b ma d
e a Part~. or In which It ~hell becaao n to defend. or npbold. ths Dm oi e1J~ mort~ all wiaa
paid bp t6e holder of thia inort ~h '
t4is moct~aso (Lielu ai°6° for tLe expeeuo oi aa~ 1[tl~a to pe+aentte. or defmd. ths rlshb wd lk~ created by
aio din6 reaeonabie conme! fea). ahatt be patd bp t6e Monp~ur. to~ethar ~?ith interat el~erooe, u tlie rate of
10 pereent per annum. and anr sueh snm. ~nd the iatereat thereoe, dull be a olaim opon atd pramiea„ and ~hall bs doemed to ~
be seeurod br ~hb mort6aae. Tho wms paid b~ or incurred b~ ~6e holder bereot !a aceord~aoe ~+ith tl~o te~oa of t6(~ pan`tapG,
s6ali be paid by the Moctsasor nnto the Loider hereoi ~rithEa thirtr (30) ders. and tbe taUnre ot ombloa oi tLe Mortsa~or ~o to do
•baU entitk the '~focts~goe to add a~ch wms to tLe prfnctpsl indebtedner of thb mort~e aad tl~e note it ~ewra. aad/or Rt ia
option declae~e tt~ii mod~e u,d t}~e nots it aeenra to be ta detwlt~ thecaupoa u?~tarina all of t&e anpatd indebtednar Ineindin~
t6e wms adraneed Larennder, • ~
~ { 9. Ti1at Ao e7cteiutOn oI tL0 t14te Oc mOdlfleatlOO OI the- tetnY Of pqmlRt ~llDaboMr spd iq te~eYe OI apy-yatt ~ pacy t;; ~
ot tLe mort6~ed Psen+iip. eran , e6oush made «itl~out tLe eon~eat ot We .Moet~or dull relew. tdlars. oe di~Lar6s tlw
Mortp~or from the payment of w~ oI ths wiw I~enbp ~ecnred but in ~ era~t t6e Mort~or s6all aere~thelen be lt~ble to ;
~ P+r ach aims iooord6lg to t6e term~ ot meh extauion or wodUk~tFons nnlar speeiikaUr~ rela~sd and di~e6ar~ed ia writlns .~T
t'%~ br ~he Diores.iea: and furtba~more. tbu_aeoeptanoe of part parnent oE anr in~talimeat o! yriocipd or latece~t, or bot6, or ot
paet perloimaoce oE an~ eorenwt or dela~ for anr period oi ti~ae tn e:ereiaias tLe optioa to mitars tla mtios debt, ah:ll aot
operue as a~ni~er af the .~~t to e~cewte iuch optiou or aet aa wch deianlti p~rttd ~oapuaee or u~ ~ob~equeat deEad~
,
10. ~Until defeult in tLe' perfornunos ot tbe eorenanu ~ad ~aceemanu ot thb Mortp~e. tbe Mort~o: ~haU bs a~tided
to ooUect tLe reats. issues, +~pd pro[its from the premisa haeinbe[ore described. bnt in we oE a default in ~ar of We tecna of -
this Mo~tsa~e, or t6e filiag of a biU to foreelose tl~is or anr otha mort~a6e ena~mbai~ tLe wdthfn daajbed prapertr. tbe
~ l~tore~ee ah.ll~ i~nod;.celr a~d riehodc nocice be eQUaed. m.uar of rtdu. .n~ .ri~boac reaard co ~e ..lus of i6a prani.e.. , -
or wireacp or inaol~ene~ oi tlie partks. to tLe Rppoinanent oi a Reoeiver oE the mort6ased prope~tp, Lot4 na! and per~oaal, ~nd
oE the renes. iwuas and protita thereof. ~rtth t6e nwd power oE ReceIrers J,i ~ch e+se~, and aicL' $eoainr m~~ I,e e:~onejaaed
iu poesastoa ot tbe eaid propertr natil tl~s~time of ehe ale tkereof, unda web foreelowre. aad .unttl t6e ooa[t~matlon oi aich
sale br t6e Court. ~ : .
= 11. I~E foreelow~ proeeedinp alauld be tostitated oa an~ ~ort~e infetior to thi. awrtsaae or K~s~ foredaaue pna- '
~r~ oeodtas-is instltuted oa ~et~?`~b! ~nr klnd. the raort6a~ee ~ea~' at its optloa Tmu~ediatelr or thereafta deeWe thb mort~ase
~ aad the Indet?teJnew secuced 6erebr. due 1nd parabla If t6era b wy uvort6Ke wpecbr w. t6i~ mo;tsa~e, t6en fatlu~e to par
~ald mortaa6e wLen due and in ~ccordanoe ~rlth iq terms or failure to aLide br t6e (erba of ~aid a4or~a~ps r6a11 lie deemed a
brneh of this mort~sb and t6e matsaaee ~rits option mar lmmedi~tet~ or t6eoeatter dxlue this mort~e and tbe ladeLteJnep
6ereb~ seeared due and payatrle. An~ mocfitieatioe ot aar mort~~e wperinr to t6b mort~n or rahrer ot am priaeipal or iataeit
pa~naents oa ~nr aote or mon6a~e wperior to this mort~e s6a11 tre deauod s breaeb of tbe terms aad oe~reaaaa of thh mortiaie .
.od ~6s nwnaaaee bereoi ma~ u ic, o~oa d~etare shis nwre~e .nd ~he ~,delxedna~ ,ecured 6erebr due and parabk. _
22 T6at t6e raailin~ of a~+rLteu notioe at demand, addreasai to thq ovrner et reoord ot tbe mor(sa`ed premices, direeted .
to t~ aid or?nes at t4e lat adJ~ «tuallr furnb6ed to tLe fiort6a~ee, or di~+ected to tbe said oreer at ~ald moctµ~ed per~
~ ~A mLes. aod ,nWai br ~Le Un;eed Sea~s maib..b.ll be wtCKtenc noctoe aad demand ta•er ea.s ar~tn~ auder iha L~rumon~ and
~ . rrquired br tbe prorlsions hercot or b~ Lrr,
1.' 23. 1'6u in tl~e oreat the Mort r ahould the senu oi tbe mo
pso ~da ~s~d Praoba or aa~ part tF~areot .rti6out tLs
eon~ent ot tLe Mon~psee. tLea tLe entire prlscipal wm ~e~ured heeel~r rhaU, at t6s optbn oi t6s Mortpsee, beowne Immediata ~
!r due aad pa~al,la
14. To the eutaat oi the tadobtedner o[ tlw Mort .
~or to tl~e Mort~a[ee de~erlbed b~reia or ~eetired
i~ 6ereG~r ~uLros.ceJ to e!ro tica or Ikas aaJ w tbe ry~l,ta ot ~be ownen ~nd Lol~ tbera[ ot o.eh and ~~f• ~lrs bt~rt~see
othar encumt~nnce oa tbe Lnd ~kycriLed ue~eia ~rWeb t~ paid ~nd/ot atL[ia1. in wlwla oc 1~ awrt~ase. lien or
desccll,cd hereiu or ~eeural6erelr~. .nJ the nrpoceire lkns ot aat~! mo~tpaa. Uew or otba oat ot t6e p~oeeed~ oE the loas
~ ,~r and etek o! than liereLp b praened ~nd iL~U p~w to Rnd be, beld ~he Mort ~~°0°~ ~all be ~nd tla same
Mort • l~etnit~ ddcriLed ot ~ K~Kes ba+eta M~eedrltr tor the Indel~tatitnew to the
s 6~ I~EfCI1y'fOQtlC1I~ l0 lll0 Y1U0 lilCA1 llll[ I[ NWIlI II~~O II0011 p[q![tOd ~pd 1~ORIlI INrO IlCCf1 QiM~tI l0
~ ~wd bee4 heW b~ t6e •Mort6~aee bad it (~cca duly anJ re6al~rlr stiui~ned~ tnnafurod. ~et ore~ am! deleret~ed unto the 1?1ort~ee lry
.eparsee deed ot wi~nment uotwiUnt•ndin~ ehe txcc duc Q,e w,ne m.r Le wti.(faf .ud w~ccllal ~t record. ft Lei~ the intentioa
ot ehe puties hcreto th~t ~6e s~ne will~lw wtir(ied ~ad unceikd ot rw~cd 1~ d~s Iwl,kn tlNeswi Rt or dwot t6e ume of tbo
• reeordia` o[ tGis Mun~a .
' Q q' ~
~ 8~~ .45
7' S ; .
. ~ ~~i~•~ 7 T ` y ~
~:Y • T
•.~!.i S~'.'~fi •t'j~".'~' ;'~1~~:~f.. ~ •wr.~y-~rs~:~'r~~~~ ~'*-~?-~;t~ a--[~~ i•• ~
_,,.:-.!~_..~i}~.. e a. 1 .~~1`~s:~~~i`:t~ - .~.'}%fJ• ;~~,~,•~~~iaRf't:~a.~'••~~wreyY,/.~••~ r~
~ . . . . `..ti].~~ .
' ~ .
.