HomeMy WebLinkAbout2532 • _ . . . _ _ _ _ _ _ _
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at all el~ot~ and quiet~r 1o aneer vpon. bo~d.ooa~ ~ad ao~rj? ~ud laadt ~t Mid L~i b free tcoa4 a1t aocumbnnoe~j
t6~ttbe~r w~r~ ~~wue~aoer to peRtoot t~ ta~{ dtk ~o aid ~ iA ~e A~ociotlcn y may re~onuWy bs
requi~; ,aa dut tl~, ao fndp wsa~t tbs tlde ,~o ~i~' °l~na ~nd wl$ aeEana tbs ame ~nat tbs Lwfnl a+~a of ~
all par~ont
PROViDSD ALWAYS t~at if tbs M d~all woll aad trW~r P~y uaea t6s Aabdatloa, tbe inde~dr~u svlda~osd
b~? a,at ce~hia proa~oq? no~e. ot e~raa asaea~~ m~a. by dis M«ta.ao~s .na p.r~bls ~o'the Aaod.tioa. ia ths prindral
~~~.~~w~.~N~~•~.•~• S ~0 ~
snm cE THREE THOU~AI~ID~AND NO/ 100 ( - ) ~
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~AFif~l IIO~?~ l'OaO~ilt 1AI~dl 111~~Oft ~1![~OOR a! ~ ~ ~1 ~1? ~1b OE___... ?
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, ~THIRTY AND NO/100 •~~s~~~~w~~~~~~~~~~w~~~~~~• S0~
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~ aa d~.l~ day of e~ awot6 oommendng ul 13 1964
' i ars t~ bq p~ 8r~ ~n intaee~t. aAd tbs balanos ~o pdndpel~ ~ ~nid inde6~ednaa i~ p~id ia ~md ~8 pae6oesq
n i~,
~ 4 oey
wjtL aad i~6~ e~ch and a~vaep tbe a~ent~ oooditioas ar,d ~ af ~id p~am4~oey noes aad .
~ aio~t~80. Abd. ~o~a6 aa~? ~dvsnoas by t~e A~odstlon ~o d~s Matgaaora. a tbeir aiooa~o~s ia t~ fae nn? pt~epa0.
i st aay tims before dis rek~se and canoe~tioa of tLis ~nortg~ge, bnt st m t~e ~nD d~M moct~s'ecu~+s advaooe~ ao ~ooount
~ oE sdd odgin~l no~s ~oget6ee w~th such additloaai «dvru~ces in a suat ia a~ooeas t~f TBREE THOUSAND AND? f''
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~ NO/100 Doal.rs ~ ph~s .dvanoes
.to pco~ed the se~ty and owb, tbaa tbi: deed and tbs esta~s I~areby created =shaU oea~e aad bs auU snd~v+aid. ~ry
AND THS MOII'I'GACOAS DO bec~eby a~re,oaat aud ag~ree: . ,
l. To p~y aH anii s~g~ur tbep~dp~ and inte~rt and other anat cE n~anry P~~ P~~Y ~
' and tbb mo~tg~ge, ar eiti~, pi+o~pdy-a? t5slda» ra~pecttNely die ~me severai~p vome ~ns.
S. To pRJr aD aad ~ngW~r tb`s ta~oes. et~a~ma~ lsvles. liabilitie~. °bN~atio~ aad iaoamb~uioes oE anr~ery m?ture and ldnd
naw m sdd de~ribed=~po aty. a~ th~t bera~Eter aay be~~~~su~ee+od.~ piroed, lavied. a a~esred tkarooo. or d~st bee+eafter
a
amiy 6e lev~ied ar npon thb Martg~~q, ar tbe ec~a~ed haeby. ach ard avery, wbea due sad p? bk. .
aooordin~ ~o L~?. baforo tbay beooa~e ddinqnea~ and betone any i~ert attaci?a ar aap it
a~? al~eof i~ of reooea a~e ,.ms ~san be p~a,pay? sat~ea a~ra a~b.rgea af reoo~a ,uad t~«ig~n.t (
a; foe iastanca, the t~ reodpt a the satis£adioa paper o[Hdally ardoped or cartiNed) sball be plsoed in tbe bu~s cf said
~ A~ood.tion as Mo~ag~e w~ cen alsys ne~ ak~ pay,~c; ana ab a~ a,~t rbe~eof is noc p.w, a~Oa aad ai~a,.rged,
a s~id Associatjoo m~y at aajr tlme p~y ths same or aay pact th~eof w~tbout waivfug ae affecting anY oPti'o~. 1iea. «Iu~Y a' rig~t : '
~ ~ ' mxler or by v&tne af tbis Mat~agq ud tLe ful! amamt of each and 'evrtr suc6 Payaomt ~aII be i~medta dne aadpaysbie
} aad shnU bar in~ bom t6e dabe tl~ereof imW paid at. ~e n~e staMd in tbe, nota se~ur~d bereby. snd ~ wlth such #~ter•
~ e~st s~all be se~au~e~d by tbe }ion af tbJs Mo~tgags. _ - .
3. To loeep tbe b~ sud sll eqnipioeat and ~y^no~w ar bereafter an said premins outinered by thb
persnna1 now
a~oitg~ge, in~ued i~` a sum equd ~o at laist tbe amo~wt of tbe ar an awoimt wf8dait ~o w~th any oo-insw~-
be .
f anoerequiremait ca~v~ring tbe saws ~mder the hvvs of t~e Stats of F~'dti earartng ba fmm 6otb gre aorn~. maidng the .
losa undar said polic3c~s, each aud cvesy. PaYabb to tbe As~oc~aNon. ,~s mortgpg~ st fb fnt~r~t ma appear, aad said ~iuanos ~
~ti be in : gnod and respoo~ble ~oe ooaP~Y ~~Y ~o s~:3 ~oc~atloo, ind wdt~aa ~b~? : bealagmt - .
~ to sald As~ociatan; aAd the poYic.y a pdk3es slnlt bar a sdwdard matg~ge daaae wkho~ oones~l~and sbal[ be
b~ A~odatioo, an~l, in tbe ~e~t any sum oE money beooo~as~~k~~~mcler we6 policy ae adicia, the~As~ociatbn ahaII
i l~av~e option to re4ei~e W~d apply tlie same aa ~t of dye h~r~Y sec~e~i. o~' t~ Per~rn~t ~the t~a
reedv~e wd use ~ ar any' P~ P~P~~ aridwut thac~ehy wsiving ar impa~ any~ eqnky, lian. oe under
nna by .?irt~e of a~is a?atgag~ ana may -phOe u,a p.y fo~ ~uch ~wuanoq~ ct'.ny ~.~c t~aeo~, witbout waivi~ o~m v~ ib
+ nn
~ opt3o~ co focec3o~e~ a~ any rigLt l~euada, a~xl tbe fWt aanowc oE ea~ and. every suc~ paymenc sh~Il be fo~e~fztdy clve and
' ~ L~ta~est sLell be secured by tbe 1ia~ of at tLe nte ststed ia the note sec+~red b~b~? and bogetLer w~th
i 4. To pe~atit, oommjt~ or s~ffer no wasbe~ imp4itax~t e~ detaioaratioo ~of s~ud propetty~ ae any paet theraof. and upon ~
1 the blhu+e of t1e s~tgsgors to keep the 6 f~~ said prapa~ty in gaod coaditjoa ~ repair, d~e Assodation m~y damad the
' immediate repair of said b~dldiag~ ar tbe rep~yaxnt oE tLe debt bereby ~ecu~+ed. ~aci t6e faitu~ of th~.~noct8~8'O~
to with A~soctatjoa for a Pa~ ~ T~Y--I~~-~Y~. stwIl oo~ie s b~ch af tbb mat
j md,~ option of the A~socmtlon, i~omedistdy mxtune tbe entire amount of pciodpal u~d intera~ -
~ As~odation, immedisbely and wWwut notioe, may i~titute prooeedings b foreclose tbb matgpge and appl~? [or the appoiatment
` of_ a A~eoeivtr. as h~ftiet pmv~cied.
1" 5. This moct~age ooatrset peo~vkles fae addkiaaal advranoes whieb msy be m~cle ~t tbe optioa af ths assoelation aod
~ secu~+ed by thb a~o~tg,age, ~nd ~ is agceed tLst in d~e evmt of ineb advnnces d~s aaw~mt may ~,e a~ided to tbe mortg~ffie debt
; and s6aII b~a~e the unp~id h~Lnoe of t6e ~og ~nebq sepa+ed by die amo~mt cf wch ~dvaace ana t~ll be s part af ~aid
( note indebbedn~ wxier ~1! die t~mt af s~id note ~nd tLM ooatract as fully as a new wch not~ and oontrad vreio euec~ed
ana adiverea. Ap •.aa~oo.t aav,~aoe msy be ~en .na .ooeptea far m~ .a,ra~oe ~ua p~o~?bioa mer ue ~de far
I diffa+ent aaathly P~ynidib aud a different iate~est raEe aud ather ~~~~~c ~ An a~
~ th~ ooatr~a t~n ramaL, m Eun foros ,na ~kCc u to s~ia io+d~~+~` ~dud~ .fl .avanc~as.
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8~ If snp oE tbs ~ of a~ouep ~erein iafeaed to bs aot P~P~' t~ ~~Y
~ ~6e ~ame s~na~Up eoa~s due aad p~yabie, ar ~f +eac~ ud av~ery tbe tiau. a8reement~ eoadit~ and eo~vmanb of ~aid
~ promi~soqr note aud thi~ deedw a~ aitber, ars nd ~ly Pa£oemad. aoa~ ~?ith and"abided bgr. ths agg,~epts smn meotiaoed
in s~id p~oa~is~oq? note and anp o~tl~ar ~taoo~mt ae amo~mb sdded t~ tbe ma~tbage fndebtec~oas wder tbs tam~ af ttui~ rnortg~e
~ ~bal[ beoome ~e aod pay~bb ia~thaith ar ti~ere~Ecar at tbs optioia ef d~s As~oc~atioq ~ fntip and eoropie~eiy ~s ~ said agge~eg~ee
~ wmN~~y vvas e'i~nal~j' ~ed to be p~id aa wcU day, mytLing in s~id pcamissoey aote or he~ to the ooatrary not-
~ To deUvu ~o ~ eu or beEa~s Marc6 15d~, oE eacb yar~ ~~pb evideoc~nE~ P~~af ~@ Ne~os
taus fos t(~e eolandary~r
,~o deliv~ to the A~oc~tion
' ~~~ans~ da~..ae~ ebs ~ beoome ane.Aa p.'~ m p.r
a~~e w~a
+ ~Y n ~R r ~1 h+?bi mh? be m~ds an tbe maat~aaed property, an dais ma~age
~ a~ Aote„ a in tuy? otber Mray resukia~ [ra~m the mo~ge indsbted~ secured by t}~t na~t~e.
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