HomeMy WebLinkAbout0303 ~ -
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TO pba and aaMkwowly k«p oe th~ buildlrq~ now or MrNfqr iilwt~ on safd I~nd ~nd on aU ~ulpnwM and pnawliy aownd b'Y thk ^ar~p' f:
ap~, wHA ~!1 p?~n~wna Nw+on p~id N fiill, fln Maurana M th~ uwal pandard Potk11 forn~. M ~ ~wn approwd by tM lWORtGAGEE. ~nd windsto~+n ;
Mwnna in tM u~wl stNxl~d poliry fornb M~ swn appowd b~r th~ MORTGJIGEE. In wd~ compiny a compae~ ~s 1M MtKtTGAGEE ~r
dir~ui and ~IJ An and winds~am lrrura~a policiM an ae+y of said build+rp~, an~? I~HKat tMnin a pw tlwwf. M th~ pprp~» wm afa~aaW a ~ t
M~ ~x~a~s tMreof. ~hall contain tlw ~m?d standard nwrt~~ ct~rr or wch ahs~ davN aa tlN Morppa nwll nWin, ~n+kinp ths 1oa unda aid pvli. :
cies. .ach and .wry. P+YaM. b aaid AAORTGAC# a iri inlKat m+Y +PP~+~. +~?d .acb and ~wry wch policy ~hall b. promptly asirpn.d and delhrercd to •
~ny Mld by wid MORTGAGEE a furtl~ Ncwity to said mapap~ debt. and. ~ot ka tMn an (id) d+ri In advana of tl~ ~xpiration of Nd+ poliry. to d?
liw? w wid MORTGJ?GEE • ran~wal thawf, wp~th~r wNh ~ raaipr iw thr prw~uiw of wch r~wafJ and tlrn ~tl b~ no fin a wM?d~tam Mawana
plaad on aqr ot saW buildripf„ arh? inter~st ti~tin or p~rt thawf, unl~s In tM fonn and wttt~ tM loa p+yabM a~fora~id~ and in tM wa~t any wm ;
of ew~ey b~oon~s papabl~ ualer weh poliey a pol'~s wid MORTGAGEE shid hsw th~ option w noslw and apply tM wrew on ~ooouM of tf» ind~btad
ma ~ecw~d l~usby a w pem?it wW MORiGAGORS to realw ~nd va M a a~y part tfinwf fa wher purposas, withou~ tMreby waivirg o? impair-
~u
ND +~Y ~HY, liu~ or ripht unde~ or by vlrtw of tNa mortp+y~t ~nd tn t1N went wid IYIORTGAGORS sh+tl for any rwaon f~ to k~ep tM wW prNnisq w :
u
&awed, or fall w deliver v~~b +~Y of wid polici~s oi imurano~ w said MORTGJ?GEE, a fiit pranptb ~ P~1? fi+~N +~1I P~amium Niaefa or In any
resped fail b pe?forn~, d'ach~rpe, execut~. ~ff~ct. oompbt~, oomPh with ~nd ~bid~ by ti~is oov~nt, a ~ry? p+~t h~rwf, aM MORTGAGEE may ptaa ~nd
MY fw wch dwKana or any put tlNrwf witFiout wsivag a affectGg +n1? oMpn. ti~n. puiryl, or ripht ur~r a by vi~tw of thb Mors~~ye, ~nd tl+e
firll ~moiKN of ~ad~ ~nd ~rery wd~ (»yrr~+~t sh+ll bs Lnnediately dw and piy+W~ and sh~ll bar iMa~t from tM daa tl+Kwf untU paid at th~ rst~ of
nirw pK qntum p~r anwm and toyeM~r with wch hf~nst shall be secvred by the IiM~ d this morlyapt. .
4. To p~rmi4 aomnit ar wff~ no wast~, Mepdrn~nt a dstuiwa~ion af s~ie! propKty w wq? p~rt tMr~wf.
S. To p+y dl aed aLgvlar tM awts, d+~r9+s and ~xperosa„ in~Judinp • nasawbM artorne~/s fe~ ~nd coqs of ~bshaas of Ntl~, kKm~d a p~td at
a~ry fMe by said MORTGAGf~. b~caws a In 1!» w~nt of tiK faihin on tM put of th~ s~id MORTGAGOR b duly. P~~P~h? and tully perfotm, d'atFw~
axearte, ~ffed. aanPkt~. oonM+fY with and abid~ by each and wery th~ stipuluions. ~n~nts. oadittom. ~nd aownanb of wid pramiswry no~ ind tNa ?
+~1? or ~itha, and wid aos~. charyes ad ~xp~nwa, ead+ ~?d w~ry, sMll b~ Yrrnediaaly dw and par~bb~ wMtMr a no1 tlw~ b~ notioe ds ~
inand, attempt to oolbct w wit p~nd'inpt and th~ full ~n?ow?t of ~sd~ and ~very wd~ p~ymaM sh~ll bw Nttnat fran d» daM tlweof uMil p~id ~t the
rate of nL+s per os~tum par ~wm; and all wid oos~s, dwy~s aod exp~nses iKVrrod or p+id. topNMr witl~ wdi htwat, sFrll b~ wax~d by th~ li~n of tha .
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6~. Tfwt b th~ wNM of aoy bn~eh of thb Atiatpay~ or d~fwh on tlr pMt of tM MORTGAGOR, a ai) in tF» fwnt airy of saW sums of moewy
hsretn rofen~d w b~ not pranptly and fully piid witNn th'uty (30) dsys next ~ka tM samt ss~rwwallp b~carw du~ ~nd p~yaW~, wtthout dwnard w notioe,
ar (c~ h ths ~ren~ ead~ and w~y tM alpulatiaw +9~aemsnts, oonditions ~nd covenana of sa~d praniswry noa and th~s mort~~ a~r a~ither an na ,
iuly, piompth «d ivlh? o«ian+ed, d'adwged. sxea,~cd. .Had~d, oompl•t.d. ~~~ad wtrh «d abided ~y. Nrn in .irhe. or +~w wch twM th. said .p~
pregah wm matNiawd in s~td promis~ary noh Mwn r~rnalnirg w~piid, with intenst +a+wd. ~nd all monty~ Ntund Mnb~l. ~11 beooiM dw ud WY
abb forthvvitt~, or tFnresfta. st tM option of said MORTG/1GEE, as futly ard aompt~tey a if dl d tM s~W sunr of ma~? wer~ wiguwttp stipufated
to be paid oe wch day, anYtNi+p in ~aid praniuory noh a tn this Mortyape ro tM oonaary nawhhst~ and tMr«ipon w theraHu ~t the option of
N1d MORTriArsEE. Wi1hWt /IOtip p~n1Mld• f11{f a? {iMl Of 1f1 ~qllity 1f1K~0?~ Of 1~NfNft~f ~YII~ 11My ~M ptOM0Y1~ q lf ~ 1110f1fy{ ~lGK~ ~flby .
IWd mitured pti01 f0 ita ItMtiWtiOn. i
7. T}wt in tir ~wnt tMt at the b~yL~inp of or d anp tim~ par~+p any wit opon tl~ts Mo~papti a b ta~cfw~ N, or w refaa~ N, a to enforw ;
W~nt of ~ny daims Mrwr~der. ~aW MORT6AGEE shall apply to the Cowt hwinp iurisdiction thKeof fw th~ ~ppoinaaMM of a 16~uiwr, wd~ Cow1 sh~Q
forthwith appoim a rso~iv~r of said matq+p~d propKry all and siegvl+r, ineludu+y aU and sinp~lar th~ k~oortw. Profi~s. ititra ad ~w~rr~ss f~oa~ wlwfwsr
wuros derhrod. Mch and ewry of whicl4 it 1»irq ~xpna~h? +~d~a+~oo~. ~ haebl' ^'a~D+D'd lf ~p~cifically sM fortb ad daorib~d b tM yraoYmp and -
lubendwe? dauaea IN.wf, and wd~ R~aivsr sh~ll have ~11 tl» ixo~d and ~ff~iw fimaioro and porrKS In any,wis~ ~ntnat~d by ~ Caurt to ~ R~iw~, ~nd
wd~ appointmsm sh+ll be nwde by wd~ Court at an admitt~d pvity ~nd ~ m~tta of ~bsoh?N ripM to s+~id N10RTGAGE~, ard without nfannu ta tM
+J~W+cY or irwdeqvk7r of the vslw of the Wop~rtY nwrtp+y~d or 1o th~ ~ohrerKy or Ynolwncr of said MORTGAGOR a tM d~feed~nn. ~nd rlwt such `
rents. Profib, ineanr. bsues and rewnues sh~ll b~ ppli~d b~I ~?d~ RacstvN acoo~di+g to tt» Uw~ or sqvitr of said MORTGJIGEE and t!» padkt ofi wch ~
Court. ~ f
A. ro duM. P~^P~b ~f' P~a'^. dixh+rpe, ex~ow~. •ff~ct, oandeu, oomplY wtth and abld~ by Nch «d ~wrr th~ stiPubtfom. +pr«men».
oa+ditiaia ~nd oavNw~n in said p~omiisory noa and thb mo~q+p~ s~t twth. .
9. That N 1h~ tvant th~ own~ship of tM matp+yed P~~. a+~M~ P+~ M~xwf, beooenn vestd in ~ p~rwn o11wr tl+~n th~ MOR'i~sAGOR th~
MORTGAGEE. Ns woo~swn ~nd u~ m~Y, wirho~f noria a flu MORTGIWR, dal wifh wch woassor a woors~or tn infKat wtth~ ~etenna b this
morg~ and th~ d~6~ ha~by s~arred M th~ wr» mxrw a w;th Mo~typor wi~lwu~ in N+y way vitbtinp or d'rdwpinp tf» Morep+pws' fiabilit~r h~.r r
vnde? a uFwe th~ debt Iwebp ~sax~d. No at~ of th~ premises hereby marga~sd and no forbwa~a on th~ pwt d th~ MORiCsAGEE a its woo~s~ors s
w aslpns and no s~t~nsion d t!r tinr for tlw p~ynwnt of th~ debt har~bp seowed piwn br th~ MORiGAGEE w ils w+oo~sson or sssipm, ahall operaN ~
w rslwk. nw~~l? chwg~ a aff~ct th~ aipinal li~bilitp of the MORTG/1GOR hueG4 ~irlNr b wlwl~ or In part. t
1Q It B ~p~eificaUy ap.Md tlwt thr k of ths ea~enc~ of this ao~r~ct ~nd th+t no waiv~r af am? oblip+tion lwnw+dK or of t!w oblfpation sr ~
curd Mnby ~MII tl any tier Ma~afbr b~ IwW to b~ ~ waivw of tM tKms hsnof o? of 1M hurwnMM aKUnd Iw~br. i
11. In ~dcGtioe to 1h~ fors~wp monthlY WY~~s ~ P~~WI and intaest raquired by tFM pran+uar not~ Ma~nd hu~bY. narl9~por ao+?a+~nb i
and .pre~s to p:y a maq+Qs+ with e+d~ monthlY wl~t an add~iiond wm esrimard bll ~o~ a be .q~.t a 1/12 of fM w~wl coa of Hw fotbw-
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A-All n+! p~operly taaa Iwi~d a aws+~d ~irat th~ ~bov~ d~svibed real ~staM. . , .
d-Pruniunr on fin and wMdstorm inswano~ ss haeln rpuind a b~ urried on tly~ in+prov~s sitw» on tM al~w~ dacrib~d prwe~b~s.
C-Pre~x~n on wch nwrty+y~ ~++nrop inswana ~s tnortp+yN sh~ft fran tirn~ W tiu~ d~n Hf to c~ny on 1!w lo~n ~cvnd h~r~r. ;
Mortyap« ~Mtl froew ttm~ ev tim noti(y a~orqapw b vKb'srg of th~ irnoum dw and piyabM Iww~dw ~rd wd~ wm tMll tFnrwpon b~ dw and
pa~rabb on tM due d+h of th~ ~wd wwmfilp par~nt and ~ath woassiw mw~th thsr~aha umU mo~rtqap~~ siMN notify nqrqpor d• tlwg~ in ruth ~
arncvnt. Sod~ swns sh~ll b~ ~ppl'Nd b1? ~p+~ tbward tfr paym~nt of naf ProWrM t+z~, I~w~r+^a P~+~ +~d ~+^hl M~+r+^a
Pr~M-
IN WITHI~SS 1MHEREOF, tM said MiORiGAGOR tw IMrwaib iM hi~ hand and kal t!» d+Y ~nd 1?w fkA +fa~wid. ' !
W~ ~'i A A ~wnd N fh~ pr~ia ofi
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