HomeMy WebLinkAbout0722 ' ~
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at s11 tla~at aad qu~etly ~o anoes v~poe, Mld.oo~p~ aad aajop ~ad hndi tbat ~id Lnd L fzes bam aD~eeauaabcanoe~t '
tbat Mr~mvos~mc6 fuatl~ a~oe~ ~o pe~~ed tbs fa dm~is dds ~o Mld Lwd in d~s A~ociaKon a may na~oaably bs ~
~ ; atd~ do Lerebp inllp waennt dis ttds saW Lnd ancl w~l dsfead tbs ~ams agsbsst th~s Lwlnl clat~ of ~
Persa's , .
PAOVIDBD ALWAYS tl~t !f tAs M aocs r~all weII and t~rulj' ~y uneo ths Asabcktioa, tLe ~ e~vkla~oed j~.
b~? t~.c o~d~m p~om~a~+ nooe. af e,?~en a.csa~ m.ae by ab M«~..Aa p~rble to t~e As~oa.t~n, ~ the P~I~ • i,
~ sum of ~.--~.u~~i.Y~`iI3.~H.41T~A?~82. ~.,~tIIYR~~i7t.~?LYU.~I" • " (i_.~S~Q,_QQ.... )
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which aoEe. Mgetlbr with intenat t~ereoa ~ theretn y~ec3Eie~ it payabb ia moiathiar fi~apa~nb of.__.... _
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~ FIFTY•EIGST AND NOj100 58.00 ~
June 14 l964
• ' on tl~e~.14~ dsy oE e~ch mantb oom~ witb. • , ' P~Y~b
are ~o bs a Br~! ~ iat~s~ aad d~e bdanos t~ peindpat, nntii said iudebtedr~ is paid h fdl, aad ~ pe~oem.
vvith aad i~
by e~ch aad anrary dre saceecoea~ts. eoaditio~t ~nd aenrooanb af ~aid promb~oeyr no~e and~
moct~?gey Ae~d. indnd~ ~unY advances mi ~ths Assodatlen to tbe Ma~?goc~. a tl~r suooeaoa in tkle, far an~? putpae, j
~ at any dme befae dis rc?lea~e and nawei4tion vf tLis asoetgrasa, but at'ao tic~e s1a1i t6b mo~aSs see+s~s advanoes aa ~aooaM
. t
of ~aid a~l nobs ~o~~ethe~ with s~ch additional adva~x~es ~ s s~mn in mooefs af ~I~L TfLjiSAND TWO
HUNDRED AND NO/100 ~~~~~•~••~ww~~~~~ i ~ ~oo~ 00 plns ~ ~ ~~y _
to peaoec~ tLs seauit~r and eoats, tLan tbd deed and d~s ahee he~+ehy cce~ted ~alt oase and bs noIl and woW.
, AND TA8 MORTGACQRS DO berebp a~oant and agee: ~
; : 1. To pa}r ,?u aaa s~gulu a~e pcl~l .na ~c«~c .aa «h~ s~ ~f ~ona~? p?r.bie b~? ,?htue of saia pc~mi~o~? ~o~s
' ~ aad tl~ moetg~ge, oe P~P~Y a? day~. ne~pective~? the wone saaaaIIr oome ~a ,
~ $ To p.r ~ .na ~ ab ~cw~.~,a ~ ~a ~a
~ ~a a~«c~a.~~~r, a a~c ~.~b°~~~~a,~e~'°°a~. ~ a .~~a a,~, ~ a~.c ;
m.y be 1e~?iea or npon tbb Mat~.gq, ar 1~eb~?, ~ md ave:y, wbeo ane ana payabie,
aoooe+diog ~o hw. before the~y beoo~e delinqneat, and beia+e a?y ~ attae6ee a b ioaured; aad imohr ~ -
~ ~ ~ ~a ab ~n ~ ~a ~,a a~~a ~ ~a ~ ~~t o~,a a«~c
' .a~~~a~~c~ab~~p.~~nr«~a~~a~ ~,.n~~a~~~~~a
~ As~octation si Matgag~e ~n Eea days neact after paynoent; aad in the event~t any tlkreof b not paid, sattsfied ~nd dix~ged.
; s~id Assoehtion may at any tlme pay tba~same or any p~t thes~eof witbont w~ o~ aHeco~g mY aP~. ~4 eq~h? -
~ tmder ac by virtue of tbis M e, aud tLe fW[ amamt of eac~ and ave:y mch paymmt sMII be ~ due and ya ~ _
atgag au iey pa
a~l sl~aIl 6eu interest boaa tbe date theroof unttl pdd at d~e nte stated in tbe nota ~enu~ed 6eroby~iun~i~ Uo~jgetb~ with mch ~ter-
~ est sha)1 be sei.~med by the }ia? af t6is Ma~tgage. ' -
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' 3. To keep the ~ b~d~s and all equipmant and persoaal prnpacty now er bereafte~r ap sdd pe~emi~es eavaeed by tl~
a~oetga~q ins~n~ed in a snm eqnal to at lant tbe amouat of the ge~ a aa amrnsit s~ideat t~oomply wr~h any oo-imu~- .
! ano~nq
wr~s?t ooa?a~ing the same un~r the hvvs af tl~s Shte oorvesisng loss fmm both E~ and stoea~, ma13~g tbe .
~ loas uade: said po~i~e~. each and ~very. p~yabb fio the A~o~oa. a* mo:tgagee, as its interest ma appar, aad taid i~aan~
every
sLaIl ba in a g~ood and ~b3e ~uranoe oomp~ny sa~ L~. said A~oc~tbq and ~ a loc~l
sa !o aaid Association; and the pdicy or polieies shaIl bar a stanciard nno:tgage eLuse wltbout ad~~~~ -
' be1d~by Asaoclatlon, and, ia the eveat any suipn of ~naaey beoomespayabie imder snch po]icy or policias, tbe As~odatbn sb~11 -
; l~sve theo~on to receivo and apply.die ~noe a~ aeoo~mt of the fndebtedness bereby sec+~c~ed, or t+o pam~t the ~u
: r~ve ar,d use i~ a eny parc t~o~, tos ot~er pmrpo~s, .xitbouc cbereby? watv~ng oi i~n .o~ equ#y, lkn, ar ~m~er
. and virtue oE this mat a and ma and for snch in~uanoer a~ ~he~~ whbout waivtng or i~s ~
bY 8 8~ Y P~ P~Y P~~ . a.wr j..
, optioa to foceclosa, er any right here~mdei~ and tbe fuU amooat a~ exca sna avo~r ~~1~~y dne aad
PaYabk and s6aII bear intaest fi~ont the date tLe~+eof until p~id a! ttie rate sbited in the note sec+n+ed bereby wd togethet with
sucb interest slml! be sec+~nd by tbe lien of ~ Matgige.
4. To ~oommit, or suEfer no warte~ impair~me~t a~ de.~aio~xtioa ~f sdd , or an~r Put t}?aroo~ and upon ~
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the fail~u+e af mo~tgagors to 1c~ep tbe b+~alding~ an said prope~ty in good ~ repatr. tbe /ls~oc4tion may dem~nel tl~e
~ imcsetliate ~ of saW b~din~a ar the iaano diate rep~ymaat of tbe debt b~:eexired, aad die fait~aie of tbe mot~~ors
' to oosnply t~d daao~nd of tb~ As~ocis~tion for a period af Tbirty (30) da}?s. oom~titnte a breacb af thb t~ge~ -
± ~ad, at ttie optioa of the ModatJaee. immediaGdy ins?hme the eatim aanouat aE pci~pat aad in~t~y sec+u+ed,p ~u~od tbe
; As~ocJat~, ~med~ asd vv&ho~ notioe, may i~tltute p~ooee~a~ to foreelose th4 mos~e ~nd •pplp ~ar t6e ~p~p~R -
aE s Rcoeiver. a~ h~after p~o~vic~ecl. .
S. '1~1ii 11DCRt~a~ OO~R~i81;~ ~G~Y~i ~0! ad~o~li11 ~OOEi w~1iC~l mt~/ ~ 10~d0 ~ tb0 0~1t~00 oE tb0 s~l0 "~tb0 ~ : r
~ ~ ~ ~sa .,~a ~ ~ ~a ~.c ~ ~ ~ ~ ~ ~ ~e .~c ~.aaea ~ a,~ m«~,.~ a~
, and siWl inecea~e tbe mpafd balanae oE d~s aa~s ~by secae~ed bp tLs aenouot af weh ad~ranos wd ~11 bs a paiR of said
, note fadeb~ecl~s ~under all tbe teems o~ s~: m~e and tI~ oontrad u fall~r as ~ a aaw anc6 nota aad ooe~rwt were e~oeaited
aad ddivered. An adciitiooal advano~ a~neaa~aut amry be ~;[v~en ~nd ~ooapted iar sae6 +~dvanoe and peoarWaa may be made Eair
~ di~ent m~ootb~r paymeab ~nd a diff~ inte~st rate ~rd otl~er mod~oatbos aE tbs ooatrsc~ but in aD otber rapeets . -
this conhs~t lba11 ramain in fult force ~,4d effect as ta ~aid ~~dk~~ irdudia8 al! ~dvanoet. • -
a If .oy of tbe :umas oE monap L~u ,a6emea b'bs noe PeomPd~? ~a irinj? ~.w rvl~ 1'l~etp e5o) d~s n~ct aft«
~e san~ se~lly ooms due aad papsWq~ or # acb aad ~erray dis p ag+e~ oooditio~r, asd oa~ af sdd
promiao~r aote a~ad t~fi deeci~ or aitber~ ars not ~n~jr pec~o~me~ oom~plied
~ and abided b~r. t~s ~~s sr~ medttaoed
in uid pe+oca~ory aote sad ~r otbar amo~mR a emo~mts added to tbs a~ai~e bideboe~eat mder tbs came af d~is mpetg~ge
sb~Il beooa~e dne snd pay?abk~ 1Eathwkh ar tba~eaEber at die option of tbs Aaoc3Rtloo, as fnDjr aod cosnpie~elq a: ~~fd a~te
saQn~~ was ai~Uy s~ulated ta bs p~W on mcb dar, anyt~g ia ~iid p~+oooi~oqr no~s a herein to tbe oontraqr not• i
i.
7. To deliv~r bo the A::odatba, an ar beia~s March 1Stb, of a~cL ~rear. tu reoe~ib avideodoa tbt p~ymait af ali hw (
d~:es fa~ tbe almdar
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t~) n~a~a~,.ar ~~+?~.~~?~~~ab~a~y,~~~
oe nobq, a b an~? othe: Nar rauitins bom tbe moct~gp indebeedoea~ seesu~ed b~r tb4 maRt~pe. _
~ . ~{Rx 89 ~121'
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