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Home My WebLink About1671 r ~ O ~ ' + . I , . ' ' ~ i 8. UM~ d~tanR i dr pee~oRmwo~ af dis oo~eb a~d a~e~Oa~ of d~Y~tp~ drsoet~o~ ~ll b~ wrtltied ~o oolleot t6~ rarb. iinwet and~ ira¦~ dr p~wi~t 1~+Mnbe6a~.de~a~ed. but is ow of s de&ulti"~r af dM ~emw of ~~~d t~ a€ a bi0 ~~oew,~loN ~Y at o~Lee ~oe~ eao~ed~ dr withta daalbed p~ope~tr. t~ i Aaooistio~ ~ ~d rrMla~t notio~ bs ~~o dr oE a Aooeiae~ af d~ 'moe~dpe~p~ty. , aE tLs raab„ i~es aad die~~oo~ ~rltA tbs ua~l oE !n woL a~s~, aad w~ch Reoeinwt~~ _aoa~~~ . ~ ~po~ioa~ taid pe~opertr art~ tbs thos af d~ ~tlreeeof mdae ~uoD i~+edoture~ ~ad ~ ti~e ~ ~ ~9~. IE • vey ~~oos s6ould bs ~ b~r t~ moe~g~~ ~0 ~ of~lawp ~ °e af tTie ~w ~ ~ ~ af As~ocjat~oo, vrithout tAssodutioa created said promi~oqr po~s ~od thN ~~i~q, than. a~nd ia dwt a~vait~aad thea~aptioa at t6e Aasociation. ~ ~j w~ ac6 ooa 6eooaae dus +~d yaWe ~n~deti 1Ls A~tioa may d~~.~th suooe~~o~i~aat~,ofac~enoe ~o d~ a~~~iind drs debt , ~a~a~~.a~...~~~,.~am.rt~c~~~m.y~aa~~p.~e~~a~,~~ ~ bee~eby. a~ otb~wbs aet wkho~~t a io aay w~y ~ect~ag tbe Nabil~r aE d~e moet~ce: Larasxler or upoo ths debt w ~ he~by ~ec~nrd. 1l~s As~o~iatloa may dat ~ tbs lRaet„6aaaoes and/ar ~rlth aooes~on ia 4~n~t ~h reEareoos ~o t1~ ~a~ge ~ud tbs ~ebt baroby se~ed b7 to~be~ ~o sue• eoct~ndtog tbe tiwe fa~ payanait of tba 3ebt, p~ovl~dio~ foe d1Ef~nt paya~aw aod/a~ a d~areat iafie~t r~?ts, anti by otl~ ~prea modi~loatl~oo~ of tbs aontraeR ~+~y P~Y t~e Aaodation L~S aMar o~e~ matg~a~ees a~ors a bo~das of ~ay ~aior in~b b da p~ope~t~ sec~ed . ~ 10. Tl~at in ths aveot tbe pami~es bereby or any ~~a~D bs oo~e~ ~ ~ unde~ tbe powa~ of eoa6~eot domai~. ths As~odationp:~ve tbs stg~ demand t6~t aA duon~ga awarded ~or tLe ~af a~ ~ damal~es to said p~ni~es smH be paid ~o tbs A~ocistjoo. ib ~oooes~oa a~ as~u, a~ b ths amon~t nnpaid aa t~e mat~~e aud ' ~ msy ~s ~~pikd npon d~e P~7~ Po~ ~t pRyabls d~erson. 11. It ~s ~edEioaBy sglreed thst tians i~ d~s e~enae aE t~ aootra~ct and tL~t ao wd~ af aop ab~on lia~det oc of a~ obl~atioa ~e~area ha~eby a~n at .np mns a~aracte~r be baa ~o bs . wsWec~cE d~e,,~aa. a~r af a~s la~o.nc .ea~ea berebq?. 1S. IE fa~eclo~e prooee~ aE au~? ~eooi~dnw~tg~~s ae seoood t~mt deed a auar Ueo of a~r kiod s6odd bs ia~l- tnbed. tbe Aeodatioo may at ~s optioo, imnnedia~lp ar tl~ere~Re~ decLrs tb~ mort~,sss ~ iu~le6~edoe~ rec+~+ed herobp dus ~ ~ pi~j ab ea~c of t~e ~ of d~s to cbe A~o~tloa ae~ibea ~a~s~ a soa.na L~e6~?, t6e n..o- ciation -i~ bee~eby ~ted ~n tbe lien ar Iiens snd~i~i~b af d~s anMaees and hokle~s ~ of e~ch ardav~y ado~t,g~ge, ' lka ar od~ ~6raace aa tbs land desamed~l~e~eia which b paid aai3(a _s~tbfied, whois at in pa~ ont oE t6s ' of tbs lo~n de~aibed beretn or senu~ed Le~~ebp, wd tLe respectiv~e liws cf ~ nao~e~'~ea: ar othe~s euamabcanoe~,~ ~ to and be beld b~r t6s Aaodatlaa he~e~dn ai £or the indabt~ednas~ c~ the Aaod~bfaa heedn ae~cribed a~+e6y ~ d~e same eacbeat tlat it wwld bave beea pre~ and vrouid b~v~e beee p~ed ~o aud been hd~db~r t~s Asoc~tbn lyd ~t bean deed ~ ~ dWy aad reaularl~r asi~oed. b~ared, set o~e~ and deiivei+ed m~o d~e A~soc~iatfon by sepaiscQ af a~nment, notvv~nd- , io6 tbs hct thst tbe ~me msy bs sat~fied s~nd anoeDed af reoord. ~R being tbs i~ota~on af t6s p~tiet ~eCabo that t6s ~ms vrnl . ! 6s ~Eisd snd nfioelled af :eoad by tLa Loiclees tLee~eof at o~ about d~s dms af t~e reoo~ta~ af ~ mort~a 14. To pay a~ and s~g+~lar the oo~b, cbu8es. ~ad espen~s iodnd~ Ia~"'p'°1s f°°R ioc's''°d °r p~id at a°p ~ t~as tr~? a~e Assodatioa. becsuse af tbe fi~re of a~s Moetgag~rs io pafo~aq. oocio~piy wtth .nd~ e~d, .aa a~? ~u4- ~ liont~ age~eane~b, ooa~tioas ~ad oove~nb af spid poumi~oty note ~ad tl~b d~d, ar eitha~ aad avety wch paymait ~ beat ica+esc broa~ da~e .c cbe s4ta shcad ~n tLe nots sec+med baeby. ~ • 15. lbat Le wiU oammit, or wffa ra wa~te. Loap~kmeoR, a detarioatioa of sdd pcopeetr ar ~r piii~t ~3hee+eof; ind ~ the ~rent of die ~uf t6e Ma~t~o~s ru Ioeep the buiW~ng~ m said sad tbo~s bo be ee~e~.~bed an ~id pe+eaai~es. u a ianprov~enb a,aeon fi~ ~oOa r~a~, d~e A~od.rba m~?y mak~e .Aa p.y .nch m ib a~a~e~on k m.r aeem . fi~ fo~ tbe ~airp~v therea~ a~ tbe fuII a~mouot of ~ paymanb shaU sea~adby tLe~~L'en af thi~ mo~tg,~ge ~it tbe optioa aE d~e Asso~datian be imm~ediabe}y dus s~ payable. ar payabie ta aoch moot~? i~aenti as tLe Aa~oda- tion aay determine, and ave~Y snch Pay~t d~aD bear ia~e~at fram d~e st tLe sa~e stateJ !n the nole secured }~erel~y. 18. lbat if tLe Assxiation aad the Ma~tgagncs agreer the Mart$s vrID c~y- a po1bY a~ poiicies of ioamaoe npoa e~r ~t~s in sn .a~s+~c eq~i f~m c~e to mr~ m t~e a~o~c cE indeu~ ~ ~ec~ea. m~?g s~a ~o~at~oo bene~- cduy tl~ea~der, and that t6e sajd As~odation maypa tbe poemi~ fa sncb i~uanoe (in t~s av~aat tbs Moetpscrs do not). a~ aad add e~ch snch pa~m~eat to tbe uopaid balance af ~ baq u of tbe fi~t dsy af dis tbe~ ca~reot montb. and ~ s~aII beoom~e . additiooal indebbed~ sec+~red by tLis ma~a6~ P~3'a~° uP0° ~ 17. 11~t in the avait that tMs na~ort~age be giren to secnre a ca,~ndioa Io~ai. fs0uc~s oo tbs paet af tbe bloetgagas a tbe~ oo~cboes to oompkte s~id bn~ing in aooaedanoe vn~h Qoa~cuctlon I~o~n Ag,reana~t. aE e~ea dace h~tL. ae to build said o~on ia aoooe~dar~oe wkh p~ans and spec~tio~s filed with the As~odattoa. dnII oo~os a,berach of this matgpge„ ~ 'c~~tion~ ~~t~~jr ~ ~immedt.~ fo~+e~~e h~ ~mo~g~ga~ of pcjod~i.l.na mte~ Le;'ebry? ,e~+ed .na tbe Aoo~ ~ . I8. 'I7~at tbe abahiet or abdractr af t~t1e co~raing the mo~t$aged peopatr ~D at sII t~es, ~ tbs li6s af thb mo~t- ' ~ gage, nmain ~ the poaes~ioa of tbe Assoc~ation uid in tLe event af tbe foreclowre of tl~mott~ge a athec trandes of tftle to ` tbe a4o~tgaged pcaQaty in eadfagu~ of ths indebtedne~t aec~aed ber'ebp• afl ri~t. dti0. and -~ere~ cf t~s Mo~~oes io , ~ ~ and to ~ny mch abstrac~ts of tide ~aD p+~ ta tbe p~ ar ~rae~tes. - ~ 19. 1be Assodatjo~ ~ll hav~e ths ~ 6? ib. d~retioo. m requtre that tbs Mart~~ocs pay inbo ths A~sodatloa in addi- ~ tioa to t~e moat~? i~m~b af pc~ac~.t .aa ~~o bs p.w tr~? the Mat~go~s w,ae~ d~e mte ,ea~sa b~? ~i. moet~t~q, an amour~t equal•~u a~o-t~ of t~s annual ~a~aab oE ~nr m~ces aa tbe$~oart~ed g+emi~a levbd ar a~essed by - ~ go~vaan~al autLarky. ~nd aoe-tvvelfth of t6s annwl p~ea~a fur Fte~s ad tended Covaagls ioan~nos -on tbs ~~a~ . ~ ~ ~,~a ab ~,a ~ M«~?~r ~ ~ ~ ~ F.~.~.n a~~c IN ~V111Nffi'S WHEAEOF, tLe sdd l~a~goes beoan~ ~at ti~ ~t aad ~ah tbe day aod y~ear ~t ~bw~e w~r~tbea. raied and deli~raed fn tbs pe+e~eoos of: _ " - t ; o'~ y . - /y`_'~ , ~ (8~.) f ; _ _ ~ , r . . ~ T•. . ~ ~ ; ~ ~SSAL~ j ; . - L~ . r - ~ ~ • _ • • € ~ . F, i • • T _ - . j . _ _ _ ~ • t~p/fy~, ~ ~ . c. . . . . . i ' ~ ~ . ~ ~ ~ i,• . ~ ~ E ' ~ 1 pA0l16AOOW ~ ~ - . ~ - ~ - ~ . 90 ~469 ~ ~ . - : . . . ~ ~ - ~ . ~ _ '