HomeMy WebLinkAbout2739 ...,,..,~.wew.-~..~r. ` . - ~ : _ ! . i : . . ~
i~ To plaa a?d cawMuou~hl ~P on tM bulWinp~ now a hK~afta ~l~w» a+•atd land ~nd on ~11 ~qulp~N ~nd Pa~on+ih ~~d bf? thb nwrq~ 1
p~ wlTh ~U p«nh~ny tlwwn Wid M firq, fir~ kwxana M tM wwl ~andard Polk1? for+e. N~~wn ~pprowd bl? tM NWRT<iAGEE. and wb~lonn
M~w~na M th~ u~u~l ~t~ndud Po1kY ~ In ~ wn~ ~pprowd b~? tM MORTGAGEE, M~ a+d~ oon+P~np a oomWn~a a rh~ MORTGAGEE ~+n+y
d4att r+d aM Nn and whdnone Mnsw~~na PoikiN on of a~W butld~, +iw InNnst ~Mntn a p~ tl+Kwf. tn tM pp?p+t~ ~wn ~fa~aid w
M~~s thsreol, sAall ea+t~h+ tM uxro! ~e~wd+.d n~arq+~ eiww or weA al~ dav~ a th~ Morqa~ maY rpv'v~. m+kinp th~ loa ww~ aid po1E
dM, Mth Mid wKr. WYaW~ b wld N10itTGAGEE a IN intKat nwy app~at. ~nd ~ath and wKy tuch polkl? sh~il b~ P~~+P~b +tf:~Md ~nd dNiwt~d M i
wq? MW by Nid MORTt3AGEE a iwthM wa~H1? to s+W n~atp+D~ deW. ad. no1 1~ tl+~n Nn l1~ days In ~dvana of tM ~xpk~tion of Mch PolicV. w d~ ~
NvM w aW MORTO~AGEE • nmwal thKwf. 1op~~iwr with ~ natpt fa tM pM+iwn of wd~ ra»wal~ ~nd tl~n ~MII b~ ro fin a~wind~tam inswana
pi~ad on arry of s~W b~. ~n1? M~ Mwnin a p~~t tl~of. w~l~» In tlw fonn and with tlr toas p~y~bl~ a~fw~s+idi ~nd N th~ ~vem s~+p swe '
~ nqe~r ~ooaNS payabM w+dK wd~ poliel? a polida wW MORTGAGEE shsU Mw tM option to naiw ~nd appl~l tM ~ on aaount of th~ M~d~bt~ '
n~a s~cw~d Mnb1? a w p~rn~it ufd MORT~311GORS to nwlw ~+d w~ N a an~r part tMreof fw wM. purposa, wi~how Mer•by wai~ or imp+u-
kg ~n~ ~WMY. INn a ripht wwlN w br virhr~ of thM nart~+p~~ and in fl~ w~nt Nid MOltTGAGORS slwll fa any nawn faq ro Ic~eP th~ aid pr~ba a ;
Mauhd. or f~q 1o dtliwr P?ampth? +nY of s+id PoiW~s of kiwrana to aW MORTGAGE~ a f~il. Promptll? to MY ~+~hl M+I? P~Nnfwn tMnfa a M~+p
nsp.d faq a p~.t«~n~ d~xJw~p~. •x.e,na •H.w eon~PNa, eana~f? rvith .nd abid. by N+i~ aovawN. a+~? v+~t h~wf. s+b MOItTG/?GEE m.y p1+a +~d
par fa wd~ U+~w~no~ w anp part 1Mrwf witkaA waivinp a~ff~dkg an~? aMioA, UMb ~qu~f11. a ~Iph? undM a by virlw of thb Morqp~. ~nd tM
ful! anount of Nch ~nd w~y w~ p+YnrrM sh~U ba Mmmdtatdy dw and py~ and shail bwr Y~t~ra~ fran th~ d~t~ tMrwf until pald ~t th~ wt~ ot
nin~ pM anwm pa aiwwm and toptthsr wlth wd~ IntKeat ~u b~ s~cvhd bY ti+~ ii~n oi ti+a ewrqap~.
Te p~nnN, ooinnit a wffw no waah~ MeWkn~nt a dnaiontion of s~W ProA~1~ a? +~1? P+~
. 3. To p~? ~11 ~e+d skgular th~ eosf~„ efwpw +nd •xpMae~, k~0 •~soMbt~ a»o?n~?s fM and oosn of abatr~e» of Ntb. M+ewnd a pNd N }
Mry tin» bp wid N10RTGAGEE. b~cr~ w b tM w~nt of th~ fai:un on th~ pat of tM s~M MORTGAGOR b duly. PromMh? ~nd ivlh? P~~ ~9w ,
u~cvt~. ~ff~ct. com~N+~. oomPN with ~nd abid~. Dy wch and wM? th~ ~t~~iaa. +p~n~^~. cond'tiaw ~nd aow+unts d s+id p~aniswry ~M and thk 1 .
~o~fp~ anp a~itha. and wid oosn. dwr9a and ~cp~w~. wch aid ~wrr, ihall b~ Mnn~diaNty dw and p~yaWq wMtha a no~ NMn b~ naia d?
aw~d, ~tt~mpt 1o aoll~ct a wit p~+pt and tM fvll amou~t of ~ aid +vKY a+d~ P+Y~n~ sMll b~ar tntKes~ fron? th~ d~t~ tFw~of until p~W ~t th~
raM of ntn~ pN antwn p~r wwmt ~d ~11 ~+id ooatt„ dWr~s and ~xp~nMS Miaxnd a pald~ toptthu with wch h~hrat. ~h+ll b~ s~cund b~? th~ lisn of Mis
maq~.
6. 1hN W tn th~ w~ oF .nY br~.cl~ of thts Ma+pio. or d~f+uh on tM p+~t oi tM MOkTGI?GOR. a? (b) .tn th~ ~wnt of s~W wma of ~non.y
Mntn nfKnd w b~ no~ pranptl~r ~nd fvly p~id wlthln thirtp (~G? day~ mxt ~f~sr tM sanr av+rdy baco~M dw ad p~yaW~. witAoW d«n~+d or notiq.
a(cl M th~ ~wnt ~ach and ~w~y Mr stipulatiorM, ~p?wnenu. coedirio~ and oov~w~M of wid pranissory not~ and tha narp+p~ ~^1? a~iN~ w no1
promptl~? .nd tuth vafan~d. d'adw~ped. •x.c++~.d. .ff.a.d. eoTpl.~«~. aompli.d wtth a,d abw.d ~y. +Mn ln «tha a a~w wd~ w.nt ~h. s.id ap~
li+h?. .
pnp+s~ wan ~wnriaMd In s~W promi~sar rwte tMn nrn~lanp ~inpaid, wHh inhnat awwd~ ~+d all mon~y~ NCUr~d Mnby. ~MII b~ooin~ dw ~nd P~Y~
~ ~bb iortMvidlr or 1hwNfiM, N 1M option of said MORTCsAGEE. q futfy and ooinpbNly as tF ~II ot th~ wW awns Of nwMy was orpfnallr stipulatsd
fo b~ p~id on wd~ d~. +n~?thwg In Nid praniwon? noN a In fl~is Morfp~p~ b t!r oontary nolwithstandMpf ~nd tha~upon a thusaftK at tM opfion of
~aid MORTGAGEE. without notia or d~nwnd. wM ~t law o? In quity, tl~~fon or tlw~afNt 6~4 m+1? ~ P~~~~d as If all momy~ Mair~d h~r~by
h~d aNUNrd pri0t b iri MMHhrliOO.
7. Th~t b th~ w~nt tMt at tlw b~piNih~p of a n ~ny ti+n~ pa~dM+p ~rry wN upon tNs Mo~pap~, a b fondw~ 1ti or to ~anw 14 or to ~nf«a ~
p~ynMnt of an~? d~Mn h~r~r. sald MORTGJIGEE sFwll apply b tM Court IMVYg Iwis~dion tMnof fa tM appointnwM of ~ R~nlw~. wd~ Courl sh~il
forthwith ~ppoMM a naiv~ d said matp~p~d prop~Ay ~II ~nd ~Fguir, k~dirg aU and ~inpuLr tM i~+oon~ Profi4. htuti and nwiwa fran wh+twK
tou?a~ dKlwd. ~aCh aed rwry of which, h beI^Y ~pr~ah? und~rstood~ Is Mrebll n~o~t~a~d If ~p~tifk~llp wt fafh ~nd d~wibed b tl» ~~ntbg ~nd •
ha6~ndum elau~s IN+~of. and wch R~afwr slwll Mw a!1 tM brod and ~ffactiw fundioti and ponrK~ in ~nywis~ a~tnrshd br a Court to ~ R~alwr. ~nd '
wch appokunNnt ~A~II b~ nwde b~r wch Court ~a an adn~ithd p~rlty and ~ m+tN~ of aMoh+b ripM b wtd MORTGAGEE. snd withoul nfa~na w th~ '
adp~ucy a M~wcy of tM vslu~ of th~ prop~rtY nartp~p~d o~ to th~ wlv~ncy a imdwncY of Nid MORTGAGOR or tM d~fMd~nl~, and that wch
renn„ profiar M~oan~, h~ws and rw«wes ~hatl b~ appli~d b~? rxh R~ahru ~ooordrg w tM u~n or aqult~r~of t+W MORTG~AGEE and th~ practia of wd~ .
Cow~ - _
~ a. To duh?. P~P~M ~1? P~~ ~x~art~. ~ft~ct. oo~+pMh, aomp~Y ~nd abld~ b~r Nch ~nd w~ry ttw aipul~Haa. a~a~,
oondition~ and oowMnb tn i+id proMaon? noa and Mis morp+p~ sN tortb.
9. 7AM in tM w~nf th~ owe»nhip of th~ map+p~d p~w~, a~? P+~ thu~of, bsoonw w~Nd M• pKwn o1Mr lhan tlr MO[TO~A~t90R, th~
Al1pRTCsAGEE, ib wooeswrs and ~ssi~a. m+1?. wNl+out notin to th~ MORT~'sAAR. dwt with wci+ wooasor a wooKSw In Mu~nst witl~ rrfw~nos b tWs
• nwnpap~ ~nd th~ d~bt hK~by s~a+nd in tM sam~ nw~~e a~ vrith Mwq+pa vrilhout b~ny way vtti~tMg o? di~dwrptnp 11w Map+pas' li~bility I~n•
un~l~ or vpon Nr d~W hu~b~? s~cw~d. No s~N of th~ pr~J~s her~by mo~r~p+p~d and no forbwaoa on th~ part d th~ MORTGAGEE a ia w~oo~swrs
or aasipns ~nd no ~xteroion of th~ tbn~ for th~ pay~nt of tM deM l~nbY waxed y1w^ bll eM MORTGAGEE a Ns w~ooasors a aaipm. ~N opuat~
lO~E~f~s ~i 0/ ~f~C! t~M O~1Q1~M~ ~dY Of 1~1! ~TQA~s~ ~1M~Qr ~1~Mf ~II YM~10~f af ~11 pif1. • .
~0. ~1 b lp~tifiC~Uy ~QfN~ 1~Hf 11nN 4 Of 1f1~ ~ft~f10! Of t~l{ COf11tKt Mld t~H1 n0 a/dVif'Of MIy 0~11pNi011 ~1~fp111dM Of Of 1~If 0~11pN~011 ~ ~
~ plfN~ fNf'~ i~1~U N i11r tlfM 1~1MNfIM bf ~1fb t0 ~ a Wa1VM O~ 1~M /~f1IM f1~fp~ Of O~ t~M ~fldit111MM NpKN~ ~Nf~.
. ~~.-~11 i~flOf110 ~N fQ~~0~11~ 1110/M~ ~M~IIM11h O~ r~^~~ ~IM~ ~fMlfMf f~Q11~1~ ~ 1~1/ PfO111~qOfy 1101~ MGIf~ ~Mff~~ 111W1~~~OI OOANflifll! .
a„d ,prNS'to par io morq.pM wtrh wd~ morahly paym.nt an «!di?ion~l we+ ~srLnar.d b~? morlp+pM ~o b~ ~qwl a 1/12 of th~ anwsl aoa of th~ iotlow-
~Oj
. Il~All nal p~opatl? tains Mvi~d a~es~ed p+irot tM ~ibov~ duuiMd n~l ~staN. . :
d--Pren~nu oo fr~ and vvb+dstorm 6aurano~ as lwr~in n4~+wd b be earri~d on ti» Ynprov~n~nb silu~b an tl» abov~ daaW~d pnmbM.
. C-Prcmiunr on sveh map+p~ ~uar+ntY Ina?rsna as mort~apN sFwl1 froin tiieN to tin! ~m At b o~rry on tM ban weund Iw~by.
Mortgap~i sMll iraw tinw to timt nofif~? inortppw in wi~tinp of 1ir anww~t du~ and Pay~b4 hNNM~dM and su~h san shdl thK«rpoe~ b~ dw and i
p~abl~ on the dw dah of tl~ nsxt nwMNY W~nt and ~+d~ woo~ssiv~ n+onth tha~wh~r wull a~ortp+pN siMll notif~l ~1p~por of ~ dwg~ M~ ard~
~mo~xK. Sucfi wms shafl b~ +Pd~ f~'Y ~d t!y paynwM of nd propKty tauq, Mwnna Pr~mi~+m~, «+d morq+D~ ~uinrW ina+rana ~
Prw~+iunn. • ~
..r.. _ FN WITNfSS VVHEREOF. tM satd MORTG/1GOR !w Mrwmto s~t !ds ~nd ~al Nr dh? ad tirst aforaald. ~
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