HomeMy WebLinkAbout0408 _ ~ _ ; . . , ~
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To pba and ooMNwowh ~P on tF.~ bulldNw~ rww a h~natar ww1~ a~ ~ald (~nd «d on ~M Mulpn«y and pK~aMih aownd br +~M ~q~
p~ wM1 ~M pM~lunM tlwr~on paW b IvN. Nr~ MMUr~no~ b Na u~tNl ~tMid+rd Pdk1? k~~1, MI ~ N+a~ ~pprowd by Ilr MO~TC~JIGEE. M~d wM~dllan~
M~wana M flr uw~) q~d Pdiry ta~1, M~ w~a uPprowd b~ th~ MORT3AGQ. in wd~ ooTp~ny a oa~Pa~ ~ IM NYORTGA<iEE ~
d4~W Md aN ik~ and wMdaons InaK~+a polkiM on ~l o~ Wd b~l~ +n11 MwrMt ~dn a p~t thww~. i~ Nr ~p~p+M ww~ ~ta~id a ~
la ~Mnof. ~MM oaaaM 11r uMnl uand~rd ~p+pN ciwM a wch alw dauw M tlw Morq+~ ~1? ~qv~ ~Y ~ ba w~ ~aW Polb
dM, wch ~nd ~wr1?. P+11+~ ~o ~Nd MORT~3AREE u Ib Int~Mt an+11 +PP~M. and ~d and wwr wd? IeoikY dyli M P~P~b +w~~ ~nd d~4whd to
a~r h~M a? Nid MqtTQ~l1GfE a~ iurtl~ ~cwN1? to u~d ~no~q+Y~ d~W. ~neL no1 la~ than 1a~ (10~ d~ri in ~dv~na oi Hw ~spY~tion of McA poikl?. 1o dr ~
NvM b s~W MORTtill~tiEE • eaKwd fMnof• 1opNMr whh • naipl ta th~ pr«nhrn of wd~ t~w~4 ~nd 1Mn dyll b~ ro fin w wMd~tam M~wanoi
~ pbatl on ar~? of wid buildinpy ht~Mt tMnM or pwt tMrwf. vniMS In th~ fonn and witA tM loa p~rabN a ~f~ley and In N~ ~wia ~np wa~
' af monry baan~ pay~bN ue~ wd+ polky a policiN Wd MORIGAGEE sAdl haw tM optio~ 1o nalw and applr th~ w~ an ~ooouiN of 1M M~d~bad~
M» Ncw~d I~~b11 w b pwmil Nid MORT~iAGORS b nalw ~nd uw b a~n~? p~?1 IMrwf fa aMr pwpos~ti without tMreby w~h?inp or impain
Npa~r p~ritp. Wn or ~ipM wd~r a b~r virlw of thN n~ortppN and N 1M ~wnt wW MORTGACORS ~hdl for ~r rwwn fNl Io ~P tl~nfa~~N w
Inwr~d, a fail to ddNa P~an+plh ~n1? of s~W polida of Mauana 10 ~aW MORTGAGEE. a fail pra~l~t ~o Wy ivlh? P~«~ +~+fi
~«pat f~q b p~rfa~ d4d~+rp~. ~x~ad~. ~ff~d. oomp~Nb. aon~{+If? with and ~bid~ by thb oowrMnt, o? ~nf? P~ uid MORT~iA~3EE m+y plaa ~nd
p~y for wd~ Yrunna or a~r p+it M~rwf wi~hout waivino a~ff~cti~q +np oWion. IMn, puib• a~a ww~ a bp vktw d Mb M~atp+p~, and tl+t
fuU anaww of wd~ ~nd w~y wd~ p+~e«a ~11 b~ Mnn~dfatd~r dw «id p~r~bi~ ~nd ~IwU ~r Inbrat f~aa th~ d~a tl~ewf unW paid a t!r t.N ot
nM» pK anhnn pK wN~n u?d WpNM~ with wd~ intaKt ~Iw{I b~ »cwrd b'Y th~ IMn of Mk aiorqpw
1. To p~rnal, oommM ot wffw no w+th~, is~p~kn~M a dN~riaation d wid prop~ty or p+h th~~of• ~
S. To pap ol ~nd itnpulw tM aoi/y cha'pN ~nd ~xPw~. IncludM+p ~ n+~bb alton~ll'~ fN ~nd aosu af abb~tq oi N1M„ Miawr«I a paW q
i ~n~r tinM by ~aid M10RTGJ~GEE. baww a In th~ ~wM of th~ f~ilun on tt» pwt d tM ~aid MORiG/1GOR to duly. P~P~h? ~~1? P~ ~W?
u~~wN. ~H~d: compl~M, aomplr vvNh ~nd abid~ b1? ~ad~ and ~v+ry t!» qtpu{~~iorM, +D~~~ and ~ov~n» of aid P~p noM ~rd Hd~
~ ~r a~i~M?. ~nd s~id ~aur chryN +nd ~aP~n~. ~ach ~nd wM?. ~N b~ M~e~di+t~h? dw and par~bMt wMtMr a not MMn ~ naia d?
~~nM~p1 a oo11M or wN p~ndG~pt and th~ iuil ~M of Nd+ ~nd w~r1l ~ WY~ ~Q b~ar I~ntt fron~ M~ dat~ NNnof until p~W N Nr ~
` r~a of nk~ pw amum pa wrwmt and ~11 ~+id aost~, dw~ +^d ~xi~nus N~aKnd a p~W, topNh~[ wid~ wd~ M~W tMll b~ waind b~l th~ Wn d N~i~
~~W~ -
~ b. Th~t W in th~ w~rw of any brwch of t1+N Maqap~ a d~fauh an 1Fr pat d~ MORTGI?GOR. or lW in tM ~wn1 an~l d wid wie~ of ~y
~ A~nln nfwnd w b~ not prampty ard fulh P+id withM? N~iry? (30) d~ys nuct ~ha tM w~w ~v~wuy b~ooiM dw ~nd p„?aW~, wuhow d~nw+d a naka, ~
or W N N» ~wnt ~fi and ev~ry tM ,tipulniae~, g~.~ condUiar .nd aov«wnn of aW pra~ory na~ «~d M~ narq+p. or .iNw ar~ ea ~~1
; ! P?~P~~1? ~h P~~ d'~9~• ~x~whd ~ff~a~d, aompi~N~ aa~P1Md wlth ~nd ~bid~d by. tlrn In Ntlwr a an~r wd~ wMN tIM Mid a~ .
w
~ ' Yrp~b ~wn nwntia~d In i~id promiaary noN M~n nmaM~inp unWidr wilb inqnst aarv~d. and d) motwy~ Nau~d MnbY. ~11 b~oorn~ dw and p~
1 abl~ i«thwt~h, « tha..fi.r. th~ aption of s.W MORtGAGEE. a ivlly and oompla~r a~ N ail d tM utd wn~ of naew~? w.n atpk~lb qt~pul+nd
j b b~ piW on weh d~r. +nY~Mnp N ~aid praNxory naN a in tNa Morqp~ b tM aontrary no~withqandinp~ and th~ew~pon a ths~aflw st tM oplion of
~ uid N10RTG/1GfE. withovt notio~ or dwnand~ wN at i~w ar In ~quitr. M~nion or Ih~twfNr b~pa4 n~l b~ proNwNd ~a If dl a~onhn s~aK~d iw~~b~/
I had m+turrd p?ior to b~ YntNution.
~ 7. ih.t In 1M w~a flwt a 11r b~pi+nYg of ar st any tkn~ p~ndirq nh? wM upon thk Morqg~ ar b faalo» b. a b nfa~n iti w b~nfora
~ payn~ne d an~r eIaMM h~rwrdn. s~id M~OrtTGI?GEE slwll apply to tlw Cow~ havM~p ~urirdiaion M~r~of fa th~ ~ppoi~Mn~M d~ R~aivK, wd~ Court ~il
forMwith appoiiq a nodwr of s~id maq+p~d ProP~~1l +N ~M?. M~+d~np aN ~nd ~M~pula? 1!r inoonw P~iu. (~w~t ~nd nwer+M from wh~twK
wura dwlwd wch ad ~wry of whlcA~ N bNnp ~xpnall? u~d~rstoo~. k Mnby narq~p~d M if ~pKifkallr at farth and dMCrib~d in t!N pantMp :nd
i lMb~ndun+ dws~s l,Kwf. and wd~ R~aiwr shall h~w all tM brwd ~+d ~fi~aiw fw~ctiom ~nd powws in anywM~ ~ntnaNd by ~ Court to a R~osiwr. ~nd
~ sud~ appoM~tm~nt shail b~ n~ by wd~ Court ~s an dmitpd ~quMy aod a mdtw of ~h riplM to Mid . MOitT~iACEE~ ~nd withoul r~f~r~nu to th~
~ ad~quiey ot Mwd~qv~e~r of tM v~iw d tM p~ap~rh? a~orq+p~d ar to th~ wN~ncy ar Mdolwner d s~W MORTGAGOR ar th~ d~f~d+nn. ~nd tMt weh
i nMS. Profiu. Moonw, 4~wa aid nv«w~s ~Irll b~ aWplMd b~? wch R~alv~r +aadinp w M~ N~n a~quft~? of uid M~ORTGJ1l'iEE and Ih~ praaia of wch
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8. To duy. P~WhI ~h? P~~ ~x~urra ~N~d, aonipl~M, aomply wbh «d ~6id~ b~r Mch and ~wry th~ stipul~tiom. p~~n~nt~,
y oonditions and aon~nwi» b s~W pron~is+ory noh and Mss maq+p~ at forth.
` 9. TI~aR in th~ wMa tM ownNSWp d th~ nwrqap~d pnn~ha„ or +eY P+rt th~no~f. b~ao~nN v~t~d in • p~rw~ oHw th~n th~ MORTWI~',OR. th~ :L
~ MORTCsAGEE. Ns wooawrs ~nd aai~n~, may, without nolia to th~ MORT~il00R. dNl wMh wd~ ax~sor or woo~sor M UMa~st wNh n1+r~no~ to /1~k 2
a~ortpg~ and tM d~bl Iwnby s~cw~d M th~ ~an~ mw~mr M whh Mwqpa wNMu1 in an~I whl v11iatin0 w dhdwpMO th~ Mapapor~' INWIih? Iw~' -
~ wd~ or upon th~ d~bt h~nby wa+rd. No ~ of dr P~~ ~~11 aed no iorb~aana on tlw p~rt of Mr MORTGAGEE o? ib woo~aon
~ a:aipm and no ~qnsian of fh~ tNw far fh~ WY~'~ of th~ d~b hK~b1? Ma+nd ~iwn d!? ~ MORTGI~CsEE a~. iM woa~wn a~ssip%, ~MII op~r~N ~
b ~N+w ~11 w aN~et 1h~ orfpirw) pabilily d th~ MORTGA('sOR i»r~tA, ~illM? N wlwl~ w h prt.
{ 1Q h k~p~dfip0l? ap~Nd ihN fYtN N of IM ~tNno~ of 1Ns aonfrad and d1i1 no wdvM Of aly oblipqion 11wW11dM p Of NM obliptlbll M~ • i.
! our~d hw~b~r ~il N any tMn~ NwNita b~ !»Id 1o M a w~fwr of tM b?ms I+~wf a d tM ~t ~air~d Mrb~?.
.i ~1. ~e .ad'irion a d» fw~po'ww momhll? wro«~ri of princTw~ «d im.nst ..quk.d br M. p.omi..ory no~. secw.d h«.b~r. ~a+p+pa aov~n~~q ~
; ~nd pr~u w pay b moraa~ wi~h ~scfi a~ontNy p~Ym~nt an ~ddiitioml wm ~srin+~Md b~r nwrqap» to b~ pwl b 1/14 d t!w anw+l ~wt of th~ follow- c'
• A-AU rwl prap~rty ta~ IwMd a awss~d ap+kW tM alww daaibd nal ataN.
• b-Pnmiums on fin ~nd windNOrm inwnr~a as Mr~ln nquir~d b b~ unMd on 1M laiprov~n~nb .aNwN on dw abov~ dnvib~d pnmiw.
C-Pnmiana m wd~ morq+~ pu~~+h in~unno~ as maqp~ st+dl f~om tim fo tinN d~wn fi1 to wry on th~ loan »aird hw~b~l.
~ Maqpe~ sMU fran tLn~ to tira~ naify rtionp~po? in vrrhinp of th~ arnount dw and pay~bl~ bwund~r ~nd wd~ wia ~hill tiwwipon b~ dw ~nd
pqrabb an th~ due d+» of th~ ns~d nwMwY WI~W and wth ~uoonsiw mo~ah tMnafw uMU morq~ dwll !a1if1? morW~por d• dw~ b wd~
; aniouM. S~xi~ wtna shaN be +PP~i~d b!? e~q~p~ tow+?d tM WY~~ of n~l prop~rq? h~M/ hwwai~ and mortp+p~ ~ur~ny/ inwnip~
~ IN WITNESS VVi~REOF. th~ s~(d MORTCsAGOR iw lw~wHo tM hk iwnd n?d wal tIM da1? Y~+? Mt i,.
d~tivrnd b N» pr~~a oh ~ 1
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~ i wess
t W~r 9 e98 Li 8011 ~
r : srw~ ooeaemu NORTH CAROLINA ~ .
~ ! oouwir oF ~.ii`~[F_S ~ . • ,
= i _ An AuA~nr , and ~ .
~ • { Ot ~ hM ur~f~, b m~ wdl known and b~owA to ar to b~ ,
. ~ pw r~' K who ~x~uwd tht forNoip Miq~ru~M. ~nd ael~eawMd~d b~fon a» dw d~? ~aq~d tIM s~ for tlr pwpaa
~ - eh.~~ A RAAS A»AAen
f i rh...rr.xp~d.~tP1~~~f!W % Den H Hvc~nen upw~ +..p.rM. ..ndnd.v~olwr
wH•~(?t~M. _ '
: _ ~xa~~SAci?• ~t~Mrn ~d +P~rt from Ar wid 1w~b~nd, acknowMdp~d w and b~1on ms thM ~~aoid~d ~afd IaqruarwM it~l~? .
~ ti ari~~nd ~~oui. ~r^ `Ioa~ ~ +PP~~ ~ ~ trom Iw Nid biwb~nd.
~ 1~~1~ ~~~li ~ .~a. ? ~ A. 0. 19.~}.
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fira F.e.a~ sw~w. a Lo.~ AnoBaw~
~ I « ~ FlCED AND RECOROED ~ ~
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~ i ~~~.t.y ~ - , . .
` ~-Q~ ~OOK ~ ~ .
~ ~ : /1 1964 Jt,2 -g PM 4: 09 . . . . ~ ~ ~
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F ~ ,~';r~: - o ~ :ROGER POITRAS ~ , ~
! ~ ~f;. _ , 51. lUC1E COUNTr FLOaRIK . . . . . , . ...1-,,~_ _ , y .
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