HomeMy WebLinkAbout0191 . . _ ~ - . _ _ w.. . . . . . . ~
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thirt7 (3f da~r~a attee wntt,en aotios ~e+om the M~s
the de6aienc,~r. 3uchp eati ahaU b~ m~ds within . • - t
•tadng the aa~outtti deaciena~~ which notios bs ~reu b~r ma~l. It ~`sq~ t,ime the Mact~agor =
~hall tender to tbe M cr~ in ~ooordancs wit6 t~ proviaoas ol th~ not~ ~ecurod barsb~~ !Wl pymen0
oi ths entirs iudebtednas rape~ented thereby~ ths Mor~a~es iu 4vat~ss shall, it~ oomput~ni ths amaun` ot ~
wch indebtedner, credit to ths socount ot the M ~qq ae~edi~ baL?na ' uadee tb~ provi~ioa~ ~
oi (a) oi aidparagnph s. Ii `heer ~haD be a dei~
ae aaq? ot tbs prorLioa~s~ ~e~~ rea~lt~in~ ~
in • publio sals oi the premi~ea c~vered harsb~, or ii t~hs M~ aoqairee thep~opert~~ ot~-arwLs dt~ee }
de#aul~, the Matga~ss a~ trnstes ~haU ap tDe Was ot t6~-ooaamenosment oi wc6 p~ooeedinp or at t
tha ti~ne tihs pr~Pert7? is othawiw aoqu~s ~moun~ thea ran~ining to m~edit of Moetaa~or uadee of I.
paragrsph ~.pre~ diag~ ~~edit on the iat~ereati r?ocured ~ad unpaid wd ~hs balaaos to the prtnc~p~l then ~
remam~ng Pai
4. 8~ wW pq aII ta~e~, a~e~o~eab, ws~e n~~e~. ~ dh~e~~
a~atal ae aamfalpul e6~rae~ fl~ aae ~
imparNoo~, !a w~ pe~o~iron bas aoR beeo n~~d~s ~eee[n a~s, a~d io de~wl~ teee~eol tbe ~[at~~ ao~Y Py ~
rm~e; aod ~ hs wlIl pe~ompf~j delivre ths a~l reoeip~s t6ee+eta to tbs D[a~f~ee~ ~
,
A He wID peemit, ooammfl, oe ~nRee a~ wa~ts. impMitmeak a def+erb~tat~i aE ridp~+~,~e,~~ ~ ~
eoooep0 i+e~rooabis we~r aml te~r• ~aod ia ihs eTeat ot tbs i~~s aE tbs M tA- 1~e~? ~hs bu~ ~ (
pcem~ and tbo~s to b~ ereo~e~ aa rid pe~eaRi~e~. ae Impe~oreene,~~ tba+eoa,~eaod repair tbe Moit~e~ m~a,~r ~
~ mabe wbh repdr~ n ia its di~aeeNoo it my? dee~ neoewq fa tbs~op~ p~+aeevatioa thee+eo~ and ths iull atooua~ ;
~ ot aaoh and enre:y a~oh p,ya~ent ~II bs dns aud pN~bls lhiil~ teu) d~yrs a~ deea~nd. aa~ ~6ail b~ ~eoured b~ ~
`
: ~ Nen ct tWs mocW~s.
r , d. ~ ~ ~y ~ iL~ ~I1~T ~ OO~fi iOd ~ 1~0~0 A~Dd 00~/ ~ 1
~ ~ ~4M/i OI Ytjd~ ~ Qr ~W it i~ ~ b00N~ Ot ~0 ~ M 0~ LD~ ~
` ~ ~0 j~0~s1 ~10 ~'OO~h iOt~ OOT~IIb 0~ M1d ~fl'OInrOl~ AOyO L~ T~W ~tl M14 ; ~
OO~ift Q~LT~O~ i~ b0 W~ i~ ~~M ~OOtll'~ ~~0 ~j00~~10ltf,i~ i
~ i 7. 8s wID eon~n~ m~tntdn ha:az+d ~osue+an~o~, at snoh ~ps oe asd aio~ountis ~ Morlt~ mq
4om t3ms t~o ~ms rsqnt~+s~ on t6s impr+o~ea~mt~s now oe lr~+eatter an aad e~osp~ whe~n en? ,
~oe a1t such p~e~inam~ bas therstofors. bsen made nndee {a ot ~ will pyp~mp w~ ~
; dns~a,~ prsminm~ t~sreior. AII iiruranos sha11 bs ~3n a~on~~i aPpro~ b7 M and t~poli• .
` • aies aad reoawal~ f~ereo~ ~Lsu bs held b~ Mortgages ~ad ba~s attacLed tbee+eto 1o~sp ~~i~ ~n ia~?or a[
snd ia form aoospt~ab~s to tbs ~~x o~ In e~~t af IaM ~s w~l g~va fm4mediate no~i ~~mail to Marfgagesy
and M my mslos p~roat ii mt. mads psampt~j b~ Martg~ag ~ad each insuranos oomp~ .
~o Mort~a~?r a~d ort~ag~ an inwraa~os
p~~oeed~, ar sq~ Part t~+eoi ma~? be?~pp T I?io~
~?t it~ opt3On ait2ree ~o ~~~ot3oa os tbs i~sdebtednaa Lereb~ ssaond oar io t~?s r~e~~o~ar~~a~iia~o~
~P~'oP~b In e~eati ot fareoio~aars o~ ZLi~ dr otkee traiosier ot ~4 tar t6~ arc~~jh~ged
pe~o~ i~uu t ot tLs iadebtedne~s ~eous~sd b~r~i~ si~ht, ~itis, aud iat~a+~0 ot tbr Moetss~
fn and ~o an~ itirurano~ posicie~ tbeo in to~o~ ~1 p~ to t~ pura~ee ae ~t~e~ ~
8. He ~vilt no0 ea~ecats oe 8Zs ai reoond aqy 3Mtrua~ent which impae~ ~:+e~tstotba upo~n tbs Mis oe ooau- ~ t_ ~ j
p~n~a~ ci the pe+opeet,~r daa~'bed be~+sin an t6s b~is oi =~os„ aoiar, ce ar~eed. ~
~
~ Q.. Ii the pee~ni~e~, ae aay part tLereot, bs oondemned under ~Ls po~wee o! eminen~ doms~a a uired
far s publie ube, tha ~ awat+ded, the p~+ooeeda ior the oi~ ae ths o~asideet?tion far in~oh
~~oquid-
tion, t,o ihe exten~ oi ull smount of the reousini~ng nap~id~ebtedne~s ssatred by this a:+e
hereb~t asaigned to t6 ortgagee, and ha heine o~ aeaigns, snd aha11 bs psid torthwit6 to saidnx~rt~'s~ee
ar Lia ~ee to be plied on ~ooonnt ot the Lat msturing insWlments oi wch indebtner• pro~ideda ,~ow*
.`sver, tLe ~ or or his as+iga e
e; may his disc~e~ioa pay direc~ to L6e Mortg~g~or, Li~ ~in or as~i~o~s
gage e
° any part or a
n` o
f s°
u
c
h v.
r
a; prom
d
e a, t
hat i
i t
h
e lo.n is guaeaa t e e a or i n. u
r
e a, t
a,
e oon~ent o
t t
6~, gn.?r.a• ~
Lor ar in~ursr is o
b t a
i n
e d in a
d~aace o
i sai
d ymea~. - :
10. Tlu~ Mortg~g~ee nuy, a~ ~ny time ~'ng s snit upo~? t~ia ~?PP17,Lo t~6e oourt hsring juriulia
tio~ thee~eof f~ tLa sp mtme~?t o[ a rsoeiv~~ and aneL oourt ~6a11 i witi? s~pant a reoei~ee of the pe~emi~es ' ~
oo~ered Lei+eb~ all ~~ngut~r, incindin~ all ~nd singular t6e imovme. ProRts. bs~es. ~ad rs~anua iro~n what- ~ j
- eve~ wuroe den~ed, each and evay ot rduch~ i~t being exPr~t7 mdeesLood ia beceby mor~gagecl as it speciRcall~
. set lortL an~d dee~'bed in the gr~ating aad ibeadum dawes be:euf. ~ich appoiat~at s6a116s mads b~
s~tch oourt a~ an admitted equity aa! ~ matte:~ of abwluts right ta s~wd Mort~sg~es, and w?ithoni refetance to
tbe ~dequaay ar iaade qw?ap oi the ~alne ot ths oe ~o tbe wh a~ in~otv . ~
P~P~Y ~~8~ ~ eael oi said ~
M r or tbe defwdaat~. 3uch rents, profits, inoome. baue~, and rs~mues sh~U bs applied b~ such reoei~ree ~ i:
_ ~~w~~~ to the li~ of tL» mortgag~e ~nd ths practios oi w~h oouet. In tbs e~t ai aa~ defwit on tbs par~
• - oi the ortgagor hArsumder. tbe M-irtg~gor a~e~ees to Po7 to t6e M an damand ~s a reaso~n~ble monthl,i ~
rem?tal for tLe premi~es au sawunt-ai leas0 eqw~den4 to ons-tqeltth oi ths ~t,~ of the twelre ma?tbl~r
iastallrae~ta p~~abls ia ths th~ curren~ y
a ~
r plw ths aatwl amoun0 0~ ths ~auaTtaxes, areNa~eats, water • .
nta, a
n
d iaa~nnos p~a~iuaoas fae su
c
h ~e~r not oo~
e
r
e d b~ t
h
s a
to
r
e s
a
i
d mont~L~ pa,~me~ta.
11. In the event ot aa~ bz~esch oi ~ mort~ags a~ detaalt e~t fbs,~ of tbs Mort~r, oe in tbs s~enti
t
i
ut ~ o
f s a
i
d sur ai mans~r l i
e
r
e
i n r
e
f
e
r
r
e d to b
s not P~mP~
J? 7 P~ ~
m
6 ~ t
l r
e t~eno: L
e
r
e a
i
t,~, t~oas
or i a t
~ s s~ea
ti t~?
~ e~
h a
n d e~er~ t
h
ewp
u
l
a
t~
i
o~, agreeme~? o o
~
d
~ t~
o
a s~ ~
n
d oovenan
w o
i ~
d no t
s ~
~ P~P~7~ iull~ pertormai ce i
t ths Matt~agor bs sdjnd~ated banl~rupz o~r ~
~ade~
m i~badnkru~Pta7 +o~ reoe~~enhip prooeed'ua~~ tbea in e~tLee o: rneh eren~, the said ~gee-
' g~ts s~un mentioned 'm said note tbenrema~g nap~id, with int~sti ~aerue~~ tba~ and aIl au+one~? -
•ecured hersby shall beooms dus and pUaWs iortb~ntb, ee tLereatt~r~ at t~re optio~? oi~ ~ , ir
.iull~ and oomp~etel~ as ii vl tbs ssid wums oi moots~ w~s oci~nali~ sti~
ted to bs ps~ an meL~
a~j -
d,ia~ in wid note or m this mortRag~s to tbs cantrar~r not.w?ithstandwg; and t~enpon or thee+e~tt~t~ st tbs op~
~ of wd M wit~OUt aot~os a~e~ad, an~ at uN ar m equit~, ma bs ~o~e~w~ed ~s it all ~e
yos
secured Lereby matured p~ior to ib institutaoan. Ths M ma,y ~i~+eeZoes t~hi~ mortg~a~e, as to ~
p ior
~o~m` so ~sd d~ and psyabls~ ~nd the said ~ ~hsil soid to sat~t~ and py ~he wns te~ethae
with oosts, ~xpeae~. snd aDowanoes. Ia ca~e ot p~rt3d toredoau+s ot this matgag~e~ tbs ~~~~e~e ,
~aU bs sold subjec6 to tbs ooataaning liea oi this arortge~s iae t~s am~ount ot tbe debt no~ t~m dna
ud wtp id.
Ia wch ass ths pe~o
'~nr oi tbi~ p~ra~eaph ms~ ~un bs ~~a~ed et thareaiter trom time to tirne b~ ths
M~es. - . .
1~. No ~raisee at an~ oo~eo~a4 be~+ein oe et tLa obligudon ~eenred tiarsby sh~t at ~a~ tiate thereatter b~
- LeZd to bs ~ wai~et oi tirs tecros Le~~eot ve e~ tltis note sscured bereb~.
18. T6s Iien oi t6is ~ti d~aU renn~in in loli foros ~nd ef[eat dm°ia~ sn7 Postponem~at oe exten~ia~n
aI ths ~ims oi p~?~meot ot tbe indsbt~sds?er ae ~ pae~i t~ree+eot ~so~ubd benby.
14: ~is ~s~a ~is ~iva? t~o ~eaue+~ the pn~ha~emon~~r, a~ a p~rt tbereot, ot tbs la~ b~eis dl~crtb~d
~nd i~ ezecuteda~~~! del~~ee+sd oo~tempo~aeon~j wltb tbs eieed ~h~erotae. '
l a. It tLs Moet~~ae detwlL io ~o~r o~ tl~s oo~eoants ae a~e~ee~ent~ oootaiaed Leerio, ae fo Mid aot,s, t~h~n ~
M~ ~~~sam
a~ ~ draw
int~ee+est a~p~or~d~ t7M priuc~p 1~°dy~ eeu) ~a~d ~U bt '
rs~a~?~
~s thir~l(~Oj~ aft~e de~aad. ~nd, ~o~stbee wlth intereK and oosts a~oeeued tiwe+~oe, ~baU bs ~ea~red
~ ~ 14. IIp ~o~ r~qne~ at t~ M~~y~s t~L~ ]~ortp?~or d~aII ea~eent~ aad d~ti~ee ~ rnpplemental nats or
ao`es i
e e t
b~ wm ae wms ~
d~
s~
o e d b~ t~
s ~
tortp~es t~ t
h
e a
t
t
e
s
a
t i o n, m o d
e c
n~
s
s t
3 o o, i m
p e+
onaaen
t~ m a
i
n- .
t
e o a
o
o s. ce r
e
p
~
i
r ot,*ai~d p r
e
m i~ e s, !or taus oe a~eMmmta a
p
i
a
K tbs wns and fae ~a
j other pnrpo~s aatba~
ised bet+s~md~e. Sad nots ar na?te~ shaU be ~eeured heeeb oa • pa:It~ wtth and ~s tnll~ ~s it tbs ~d~aao~
e~idenoed t~bj w~e+~ i~elnded in tLs rats Sesti daerib~d ~~ns. S~iRCwppk~ant~i t~~oe ao ~haU bear
BD~!( ~,QQ