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HomeMy WebLinkAbout2073 _ . - . : ~ ~ . 1 i a ~ ~ i ~ ' ~ Od tA! ~IOlfs~jrN b~OWti~ mlRNal~~ ~IM ill~ ~1~~R wltllOltt 110~~ ~~l'OO~~diOP Iryy bt ~lt~d by t1M ~[O!'t• ~lN ~i VN 1r00yl~7 ~ bQ? ~0laC10wlh O[ LZ11~ ~Ol'~~j'!~ 0! ~R al~ ! I~i01M! pl17~I1l~ by kM Y tb0 ~IIOl~ . ~ ~ jajl~my~~ ~yL11111R 1a L1N nd~ 0! 1111111~ x0lt~! COIIL~1t~d t0 ~h! 0011trLTy thK'~t0 110RNiLhftaadlaj. vpa? tOra . ; doa~r~ ot tAta ~totti~sw t!r l[aetsa~ shW b~ ~liowed a~ a p~rt at tM ~bt~w s~cund l~r~by. wd the Mort• ( tlt~an~tax aeu ~h ~nd tD~ ~~doa~to date anat ~bdr~et ot tl~W pol~~ aod~iw~ ~ prooved- ~ inja are ~ettled befoe~ t1?~ oooaia~wnatbn tbeieo~i or tM enu7? oi ~u~en< W wu;h oosb aad expeiue~ and otQee ! ' char~e~ so t~eucrcd. ~lu~os a rs~son~DM attorn4"t ie0. ~hari r~awrt~lw ~ paid. ?M ~[ortt+~e~ oe W P~rtY 1n 1n- . I vf~for m+~? ee exercisedD~lmmedfat~ aPan~ oz' Aotht ~ sh~ll~~oosteu~d to be~• ~ waiver ot auc~ r4~ht ualas ~vWan~ad b~r w fastruraent 1n wrltln~ to tl~at aQoct dub? +~oscuted Dy tM Mort~a~ee. The Mortta~oe wdves all rl~i?t a! Ao~atesd ~ad e~aaptlon ~ranted bp tM Qoottltntba ~ad Lws at !'laida. { ~ wrro ~as ~oRTascoR Ftrn~n oorrvst~arrrs' arm acx~: ~ L'ib p~y ths Prfudpal lndebtednes~ wlW Intereat af W ths aots provided. Zb p~y nanthly unto the ldort~a~ee. ! I !n addtuon to wd at tbe tims ae~ plaoe fo~r each P~,Yment ot prlndpal and lnter~st. an installment ot each at the folloar- I !nt cear~ess I ~ (N Taxa and s~anent~ ~enl or speda~. and all other c~rses levied or to be lrvkd a~alnst ths preml~a. ; (b) Premiums to becams due aaf p~yabl~ for. at~d to renew. tla fawraace ca tbe preanisa a~alott loa by Sre ~nd i mch otl~er hasasds„ caawlttes ~nd oontln~det as hereln provided ior oe requlrtd fe~~m time to Wae. ' ~ TAe amount ot tbe rapactlve moathly lastallmenb slu~U be Mual to the ~awunt ot the annual sespectlve char~e t~ext ' ~ due (as eWmated b~ the Mortsa~ee). las W tndallm~?ts P+~ dtvided br tLe nurabes at nwntNy Ia- ~ ~tr therefor beoozntn~ due not Lter than o~ awnth to tM dw dats ot nq? wch charKe and shall be sub- ~ ~ect io incre~se or decrease to the ext~t rMulred to ce+oate as ot a mw~tl~y payment date oa tbe note not lea tAan oae month Prtor to the due date oi anJ? snch chaRe. an amount sulrld~t far tM p~yment tbereot ahen dne and p~yable. ~ In no e~vent shalt the MoK~~ce reoeivL~ mch p~yment be llabie Lar aqy fate~st aa up amount pdd to it ~s l~ereln re9ulred. uW the mone~? so reoelvcd ma~r be held witl? its awn tund~ peadtu~ p~nnent or spplkatfon thercot aa hereln provided. ZZ?e Mort~or ~6a11 turnlsh uato the Mortg~ee at 1,east ntteen dys betore the due date an oIDdal statemeat oi tUe amocnt ai ~ny ta~oes or ~eab nrxt due. ~nd such Mo~e sbaU pa~ tl~e abow ehar~es to the amouat oi ttre thea un~ed credit therefor as and when they becom~ sewrW7 dw and p~yabl~ The l[o~a~ee my?. at !4 optton. i pe~y any ot such ct~ari~s whea pqaWe. eltl~er betore or atter they ae+~ deWrquen~. wltAont aottce. or make advanoes ~ theretor 1n pcao ot the tllen amount o~ eredtt iar sdd har~e~. Ths ex~ea~ amount advanaed shW be lmmediateb? due ~nd pe~yaDle w tbe ldostg~gee aod ~all be iecurcd as an ~tionsl prtndp~i awia wider tWs instivmeat and bear tUe same rate of intereat tma~ date oi advanoemert as ttie prindpal 1ndeDted~. M oQk~l ~t tberefor shall be oonclwive evidence oZ wch psyment and ot the valldit~ a! aach char~es. The Morti~ ~uV aPP4 ~redlb held D~r 1t ior the above char~ea. or aq~? P~ oa acoo~nt ot W de11n9nent fast~llments ot prludp~l oe faterert or aq~r other pqymenb maturln~ or aue ~nae: tWs Wstivmenc ana tbe amount ot creatc ~tlas ~t w ume snw be reaucea bp tes ani,ow,c I thereot pald or appUed as hereln provWeA. Tbe ~mount oi the exidio~ credit hereuada~r at the tlme ot aa~ trander of the ~ property ~hari wlthout asd~neat thereo~ inure to the beAe~t of tl~e wooaaor orraer o~ ths properqr and stuW be applled ~ under and sub~eet to W o! We provislons bereot. Upon the p~nent fn furi o[ tbe lndebtednea~, the amount oi snY . • unused oredlt shaU be applkd to the p~yanent thersoL ~ TDe Mortga~ee m+U? oolkct a'7ate ehar~e" not to exceed Lour oents (~lc) foi erch one dollar (i1.00) o~ each awntWy lastallnn~nt pa,~rmeat re9ulred on tt?e ~te and under tLis Mort~e r?hieh L more than Sftaan (15) d~ys 1n arnus, to cover tDe estra eupense lavolved in haadlins dellnquent p~yments. 2 1b p~y. when pqaWe. all Wces and a~ent~ ~eneral ~ speclal. watat renta and p+ound renb and all other ~ diar~es wbu~t~orver levied upon or aa~ea~ed ae Pti~ P~. P~don tor whtch h~s not be~? made here- ~ aud oth char~a. levle~upon or ras~essed. Plaoed or msde agatost thts ~ oe ~~~eaaueab ths Mort~a~ee !a tbe premisea or the obllQatfons secured herebp. Provlded tl~t t6e paymeat a[ m~r ~ astess- ~ me~at or charse by tLe Mort~agor 1s not oontrary to l~w or would not rault !n tbs p~~a?ent ot ~n unLwMl nte o~ mter- est on tbe lndebtedaeas bereb~r aecured. In the eveat oi the pesa~e aiter the d~ts at t6b 1nKsument a[ an~ Lr? o! the Stste. or wbd[vWon thee+eo~ wberein the premisea are dtnated. cra?W~ or ProvWln~ tas aqj? tu~ asras~nent or ebarge which by the above pro~vlso b nat to be psid by tbe Hort~a~or. tLe lndebtedness sente~ed bereb7 W~ether wlth faterest due thereon. shail. at tlie optlon ot tLe Mort~agee. beooine immedl~te4 due~ ~nd pyraWe. aud In the ev~t p~yment there- ~ b not made lorthwitb. t6e ~[ott~a~ee maY take or eause to be Wcea such actba ae prooesdins as mqr be taken Dere- nnder fa tbe c~e a[ a~q? other de~ault fn the payment oi tbe IndeDtedneas. . ~ 3 To keep tLe butldtnQs aad wdditions tbereto oa or bereatter erected ~ plaosil upon tt~e l~nd iawred agalnst loss b~r nre and sucb othes 1~azard~ c~sualties aM oonNn~eacimy includln~ war da~a~es !i at up time a state o~ war e~dsts or ft appean to the lwlder ot the twte tl~at ~vu L Immlaent, and ln wch t~nounL aad for asch periocls~ as myr be .required ~ tro~a Ume to Wne by the ldortgaYee. aad to p~y pranptl~ ~rhen due a11 Premtums aa sncb ins~tranoe. Pmvldoa ror pear- ~ ment oi wLich Las aot bem made irerdnbefw+e. The Qo~lides oI insuranoe shall bava las pyrable Providoos aooeptaWe to ~ tbe Mostgagee ana ~Lall be del[vered to and held b~ tLe Moet~ee. or as it mqr dtt+s~t. untll tLb ylort=aYe fa sstlsSed. i Renewal polides o[ lmura~~ Psemi~ms for whlct~ have been iuUy paid. a~ to be furnfshed to the Mort~ag~ee at least Sfteen days pslor tA the acpiratfon date o! the lnsurmoe tberrb~r nnew~d. The inaur~~oe s6aII be wrltt~ in eompanid approved Dy the l[ort~~ee: ln no event aLall tbe Mort~asee be bNd rrapondb~e for tailw+e to p~y for any insuranoe wrttta? or for an,y loss ~ damage ~ro~rln~ out a~ a defect in aey? Pol{c! or ~rowlns out oi any iallnre ot any i~wnaoe oompsny to pay for any lop or dariu~ge lnwred s~atast. In the event a[ lwt tAe Mortga8or sLall ~tve fnrmedlate notios f I bY mW to the Mortga~ee wM m~y aualce p:+oa1 oi 1o~e lf ~t made PramPtl7 b7 the Mort~a~or: ach 1nwr~aoe ownpany E ~ ooncerned b.hereby authorizM and dtrected to mal~a payment for lms directly to tlie Mortga~ee lnstead ot to the Mort- ~ ~or aad the Mortga~ee ~OlatlY: tbe inwrance psooeed~, os an7 Part tblraot. m1q? be aPWled bY tLe Mortga,~te~ at !ts ` , optlon. W tlie expenses. 1t aaY. incnrred b~? 1t L? t6e oollectloA thereo~ to the reductlon oi tbe lndebtednds hersby se- i cured. to tbe restosaUou or repatr o[ tLe PropertY dams8ed. or rdeased to tbe Mo~or wlUaut Uabiltqr upon tlre Mort- ° ~?gee for wch rrhasG All polides oi lnsur~nce are heseby asdgned to tde ldost~ee ~s additbnal securitp for t6e ppr- E i ment ot tbe sums and interest ~ecured hereb~: 1A tbe event oi Loredowra ot Ws 1[ozt~ oe other tsanster oI tlW to the ~ ~ premisa in ~t ot tAe indebtedn~a. aII r1~h~, tltle and fnterest ot tAe l[ort~or fn and W any 1n~usance • 4. ~ Policies then in foroe ahall paa~ to tbe purc~aser os ~nwte~ ~ ~ • 4. To oomnplete wittdn a re~sooable tlme aqr W~iWins orbuildtn~,s nov? or at ~ay time 1n t6e praoas of erection npo~ F ~ the land and to Pi'wnPW? repalr. restoz+e or reDu1W any buflding or lmprovemeab no~w or bes+e~iter oa tLe Iaod wbtcb may beoome dama~td oe be datro~?ed. aad not comnoit per~dt to be do~ o~ e:id o~ a~ about the premises anyt~in~ ~ wherebr the psanlsa shari beooms ids vatuable: to compqr a?tW ari law~, sule~ re~uhtbn*. or o~laaaoa ~ au~ BoYern- mental aYe~cy and not vblate os peridt tbe vloLtbn as to the premtses o[ aq~ Dutidia~ ~r u~e raMcdow: to keep tl~e z ~ ~ Lad and improvemen4 thereon Lree irom mechaoSc's and materlalm~'s lians ~od wrlII not auiter aa~r Ika wperbr to tLe ~ lien createa by tWs fadrumeat to att~cb to or be enforocd ~atnst tbe prea~ises s. u aaavlc oe m.ae m tne p~ran~ac oe ta~a~„ asse~naa~tsr 1kn~. ~ fm~nraace pnmtnms or au~ otlier eba,~e : ; ~rbatwwer, ae aW? par~ t~h~ or 1n tbe Pertormanee o[ an~Y act. to be patd or periora~ed b' tM l[ortp~oe under tbe penvfdads ~+eo~ u~e l~orcp~ee my?. at tts optton, a~alce pr~rcoent thereoe or periwa, a~ a~t reqntrea oe ta,e l[o~oe ~ ` 1n anp ioem oe manoer deemed e~cpsdlmt aod pq? a~7r otLer ~mn tbat b neoc~ary to prata.K t~ ssoudq at tbls fnstru- meat: tbe ~uno~n4 so paiq, w?Ith 1At~red tUei+eoR tro~i t1N aatl ~ i11e11 p~t ~t t1N Mm~ [at! Y b0lIN by tbe priu- " ! dp~l ladebtcdne~ ihail be aaresed as ~n addltlonal Ikn en the psemba a~W sh~1t be added to aod bsoofne a part ot tbe ~ ' 1n8eDtedaas ~ecuned Mrebp aad b~ lmwediateb due aad pqpable to the ~[oet~a~ee. /lnl? P~tY~t hsreb~ wtLo~sd to b~ , K~+ AW to ai4 Wu, statea~ent oe eatimab i~rnl~ed ae pe+ocae+ed li~om tbe appro. ~ ; P~~ Publi~ o~fo! oe tLe p~rt~ elalmtnR ps~rmeM wltLout inqnir~ lato tAe a~c~uaq? de rdbtt7 tl~er~a~ and tAe raocipt d ~ f an~? ~ omo~ or ~~u w. h.Aa. at ~n. .b.u b. o~,a~w ..sa~o. a w. ~t~ .,w .mo~nc a~~r io pdd: t6e l[oetpsee sbaU. st !b optlaq M~tcd w a~q? ~umbranoe. 11e~ eW~n ae demanq~ and to a11 tM tl~hts ~ ~ aM aeetu'ltl~ fot tM panneat tliereof. Wid or ~eLat~ed with the prindpal nus Mcus~ed lrreby oe bp tL~ ][aetsa~ea : ~ nnd~t tA~ pno~LiWn~ bersa~ ~ed aa,r w~eh ~nbi+o~Woa slp~ts ahaU be ~dditioaal ~nd ~pinulattw ~uil~ to tWs flostr ~ ~ s•s~. ~ . ~ . ~ ~ , • pR, n~+ 1~// ~ BUM~ 7U ~Af~~ • 2 ' ~ . . - - f . ~ • ~ ~ ~ - -