HomeMy WebLinkAbout2223 ~ _ _ - ` - -by~D,A°..~': ,~~5,,,'~,°i.as'~s. !
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Z1.e ~i d..re.e ~E a ~~te bd~s ta.e~a~ad a hnelMe ~W waes•a~? ~ M«~ ~?au a ac~cwd a s~ u a~,~r eime ~u~
•we? kroelowr~ wlc ~s tM aourt tii~io~ Juri~diedor~e~ Eor c6~ sppoteneese of a nca~er ef dl asd~ lu t4s a~tp~ed reoP~4.
~E atl naa, taooa~e~ pcoRb. L~ua aad rsn~ua t?c~~ Iraa~ R6aaos.~r ~ouea d~ri~ed: ~od ttiennpos it b 6e~e~y upra~b? ~o~eaiaeed
~ad ajaed ~at th~ oourt sWl tat6wt~? appoiot ~uch cecd~a wieb tM uwal powt~s ~ad duda ~ reoei~en.is Ub edai ~ed aid ap~
th
piatmeot ~6a11 b~ iaad~ er tAe oouK as a maaec o! ~ia ri~Yt a~he ~nd wit~out refereaa ~e tM ~deqwq K ot W
alue of tM prope~q ?e~nb7 u~uep~ed~ oc ~o tIK s~lva~q or iaal~eaq o~ or wp otliee ~ar~r deteadaet es tud~ ~ Tb~
Monsa~or ?enbr ~peafiqtly wal~a N dat w opjeet ~a de appotatioeat of ~ c~ai~ sforewld ud lsnby upnaty eonead t6u we~
~ppolacmeat s6a11 be mads a~ an addmd equtq wd as a matcer oE ab~olute rlsht to tb~ Moet~asee and t6at t6e wos sy bt dow wleho~a
aotict ~s t6t Mo~~os
i. T6at IE W Proceedtoz+ ~LouW bt iddtut~d asaie~t tre properq ae~ered tiy ttiis a~o~tpp npo~~r etler itea K dais w6eteet
wpertor or junior a tbe uea ot t6is t6s Me~t~ aU? ~?t ts optio4 inu~dlueb opon imtitutio~ et w~ci wie or ducloj tle pead•
eacyr t6e~of dalase thn aw~ap aod~ebtedaa~ ~xurrd base~ due snd pyraWt tort6wit~ snd mUr u Ib optio~ peoceea » foreetat
thl~ mort=ate.
7. To p.~ dl sad ~ulu tbs oo~a~ tea~ e?4~es +md apa~a of e~l k~d. loeludias ttit oac ot u~crsa oE dtb a~aid laad~
tousd ce be ooa~eaieae or e
p~cdIeat 1n ~oasectloa witr. W~utt fo~ tbe toreelosure of tYM and a1a iadudins w~etDer tbs a~a
it oblisated ~o pa,~ wae or oot~ rasooabk st~oraeyti ~fas incurc~d e~ apeaded at aq~ ~ Mortp~ee beeaw~ o~ ttie tatlubnr~ tbe
Mortsator eo p~edoem, oaopbr r.Itb asd abide b~ all oe an~r of tbe w~es~na. ooaditioaa asd ~dplatlont ot aid proa~i~? ~wt4 0~ t64
a~o~ase, ia ts~ foralosu~e ef ebbmo~a~e aod i~ oollecha~ eAe aineunt seeae~ed be~? wttM oe witroat kplp~eoecdiep~ aoa w ~eto~-
bane tLe !or e~rcnr pyma~t aiade ot I~w~rod for ae~ ~ucb purpae witl laterat fi~os dut oE sveq p~rsent st tbt tate et
d~t per oeat i) pa anoum; weh pa,rmenb ~od ebUptiom, with isterat thereos a~ aforaatd. ~aU b~ ~eevred b~ ebe lie~ 6ereof.
L 11o tbt buildia~ or b~d now ar Le~safter oe »id laod tmund !oM or dawp b~ ltrt~ ~d oererap ud
ot6er periM, toc~ wu rislc io~uranoe~anilable, in a~nm aot las etiao e6dr t iasnrable ~alut at ttie oat ~od ~ of tbe Mort-
~amr in a oaupaay~ oompada appco~cd~jr tbe Mortsa~ tbe polte~ or polfda en bs hcW b~ tbs sod we~ poliq or polida e~
insuraoee sssll bsve affized eherecs a Stsndard New Yort Clawe, ~aklos dl IeM or lass~ ~~~or polida pqable te
t6e as in inte~t ma7 ~PP~. aod to deli~er w~ or p Bo da to tbe nties i~w~ed receipb toe tDep~-
ment
o~~pcemiuao tDerefoe; and in tbe e~est ae~ sw~ ot beeoma ~ noder~~i
Pu1k7 e~ Polidny tbe Mort~ee ~ball ba~?e
t1e optia~ ~ reaI~e aod applr t6e wse aa ~ooouot of t5e LNl~~~e
new seaund 7 or eo pendt tbe Mortis~or to reai~e aod we it, oe W
part t4ereof. fo~ otbe~ purpo~a. witbut thereby wai~ios oe impa[cint qy equibi. Ua or d uada oe br drtue at t6is so~tp=e• aod
~M;rt~a~ee IE jt deams aeoasaq ma pl~aoe aod pa~r fo~ wrc6 jm er a~r pset t6aeo~wlthout lo~n~. wd~Sn~ or afkain~ ~tat-
optioa to toraJo~e toe baaeti o~ this oo~maoy as ~uV part o~ Wi n~t er opdon ~mder tbb sortta~e, aod e~eqr snc~ p~
f inent ~6all.bea~ iacere~ f~m date t6ereof n~l paid at ~e aa of e~t per oe~t (t~~J~fr) pa aodura, ao~ afl we6 p~b witl~ i~a~ M
. atocaaid s6s11 be ~eeured br t6e lim haeof. L ebe e~ent ao~ {as or daoap b soffaed yott~a~or stiaU notitp ~ of we6 IoM ar
damaae wit6is fo~q-d~bt (~i) 6oua aftcr t6e 6a~to~ ttiaeof; t4 latlart w sive s~ mtioe srall oo~~dtate a defa ~ad tbe Mocep'
sce shall hrre t6e ds6b 6erda pren toc all defantb.
To permly oom~oit ee wffer ~o wate aad b a~aiotaia trs fmproT~ u all tisa i~ a~e af ~ood repatc asd ooodietoa: ud
w de or t eo be daee ~n ~aid pra~es ~t~ins tbu wUl aher e~ e6ae~s dt nre a~ elar~eter af ~aid propecq or ie aa~ w~,~ Lapair w
weakea ~iecuti4 ot aid matp~e. Ia we of t?e sefu~al. ae~leet or inaWUt~ of t~e Mat~a~os a cepdr aod saistala atdpropere~r. t6e
l~to~a~ce may. u!b opfeoa. matc web «p~i~s ae eswe t6t wais to be made aod ad~a~noe asoaia ia tr~t 6e?alE wDki w~ sba 11 be ~ecured
by the bea hec~of sud bear inarat ac t~e rae of ~6t Pe~ apt (t%) pa a.ars.
10. To ddi~er tbe abitraa o~ abtraea o! dde oo~erlo~ tbc~ propat~ ts ~iortp~a or ia daip~ad s~t. w6iei stidl u'
ali ame~, du~ius t6e lih of c6is ~oct~a~e. ra~aio in t\c porewae ef t6e ~oeq~ee ~od is evest o~ tbe tocsebarc oE t6i~ aw~e er et6er
cramfa of acl~ ali ~i~e. dck aod incerat oE tAe Matsa~ec ia asd to sq sod~ ab~tnet ec ab~traeu eE dck a\aq paM es t6e pre~ner e~
i~~
tl. T6at os w~i~er efae~ cone~a~E lerda K L eLe oblipd~n secorcd rerebp tisll at aq tjot ~era~er be IKW » be a wat~er M
ao~r ~f the other te~a heieof K oE tbe w~s ~eenied ~e~eb7-
lz. Ttiat i~ ocder ~s a~oodetue ttie natneiqr of ek indeb~ed~er ~eraby ~ean+ed b~a~we ef tLs ldloie ~E ert~ » pq an~ tas
a~maM, liabtl~t~, ebliptia~ e~ ena~breaee npo~ tsid ~ a~ raeia ~ide~ it ~aq ~ot be aeoesae~ ~ rcq~ite_ t3~ ttie I~Soct~a
~6a11 Snt pa~ tLe wae.
13. T'hac it tbe 1~est~a~oe ~A h11, ae~fea or relaK i~ •~ka ~f tKrt7 (~0) dyn~y ~ad p~orP~b a Ml? ehe ~somu se~
quired ~o be paid b~ tbt aoee haeb7 saored or ~!e i~taac ~ Ned~d K aq ot e~e s~ et moee~ ~eeda nfere+ed a ee ~reb ~e-
~y w~
arced„ or otberwbe dny. fn117 uod ~om~d7? a lerforu. e~euey am wit~ aed abids aek a~a~ as aq~ ~E d~e oo~eeaw~ ooad~
er aei of cWs woetsa~r, tLe pranwor~ eoes 6ereb~r ~eeursd ualK t6e oomt~uaien ascaseat~ if aq. tbes. asd i4 ettticr er ia
u
aa~ suc6 r.eaar wtthonc soeioe ~ deuaod, ebe Nida~e ws a~odooed ie ~aid P~~f P~. ~ m7. ~
an~ snd dl sums meat~oned beain or secured bereb~ shsl pabeoase doe asd pqabk fo~tbwhk er tbenaita u tbc ceadndas s! ttis
Moctpsee a tuU~ and oompktdy n if said a~rque wms were ~rtiioaU7 stipnl.ated !o be p~id aR wer dm~ aeptiisa In ~~na~iweq?
aote or herein ~o t6e ooatrsr~ notwitLwodiet. aod t6e Mort~a ~all be a~etciea tbereupo~ ot thesaker witioot ~aefoe er demand ts is- ~
stitnte sait st law or in to mtaee~ of the Mo~es 4es+mder or wder sdd pnmi~ ~ote. L ttie e~est eE aqy detaah
e~ bre~eh en tbe part ofi~~ K wdee aid promiwoe~ aotq t~e 1Ra~t~es sLall iim ttie aosds~ optke eo enEa~ee
W7~t of all suon ~ewred baeb~ aedoa at law or ~dt L~~r a faedae t~b w~, eie~er ~r bat~y oaaa;r~et et6er+~Le.
and aoe aetioa or wit sb~ll not ~bate or be a bar ~o or ~~er ef t~e M-i~ec'~ ri~t 1s ia~tnoe or saioaia t~e et~et~ aid Mort-
~agee ~6a11 6ave.adp oae pqmeat asd ~aetiea eE aid fede6tedse~. .
14. T6at to tbe e~nat dat Nort~a ~.r~aU (i) ooo~e~t ~s t6e ap~oiMSe~t ~E a reod~er. tiurRee ~t liqdds~ et dl K s wbsea~dd .
parc of Morep~er~ asetrr ~e (Z) be ~djud~eaad a baek=apt ~r imol~eey or Sk a nl ~eeitim la banks.pee~r or admit b weiei~ tt~
iaabilft~ 1s pa~ ta debb a~ ebe~ beoome d~, ee (3) make a~eaeral ~ipraR ~os t4 ~ oE erodjeoe*. o~ (4) ~le s petldoa er ~a~wa
• s~kte~ roor~aniutioa o~ srransemeat whL enditoc~ or ~n tats ad~ants~e af asp le~eheae~ Itw, K(S) H4 an ae~wer a~itdei tbe ma-
te~id al{esadoos o~ a petition filed aplo~t t~e M~rt~a~sr !a aoy bankrnP~f. K~~~~Y P~~er (i) aetbo s~all bs
eatm b~ ttie Mo~a~x for cbs parpo.e af eH~aios an~ oi tbe fore~oioL or (7) aa~? o~der. jad~meu or deens t be eatered upoa aa
applieation of a aedi~ o~ biore8a~or br a oourt of aompete~t jarbdiaio~ appro~Io~ a pe8tioa seekios a~poiae~mt of a rad~a or trw~ee '
al
of all or s~ub~andd put ot tbe Mo~t~~oe'~ n~e~ and soeh order. iudpsest or d~aes srall aoa8soe asd ie eEieet tor aa~ of .
t6icq (30) ooroa~d~e day~ tbe Moet6atce ma7 dalace tbe oote benb~ ~ecnred ~ehwid~ doe aod p~whereupon ebe_p~ineip~iod
t6e intenst aarned m the note and all ot6et sna~ 6ereb~ senued ~Il bc+oo~os toet~wlti dw aod rqabk a tt ail oi t~e s~id asa~ of mone~?
were orisinallr stipnlat~d te be paid aa wd~ dap; aod t5ereupee t~e 1Rortp~ee wttbont aotioe or daasod a~ pooieeua a suit at taw ~sd/e~
~ ia equiqr a if dl mooia ~eenred 6aebl' b~d metnred ~sies ~ ib in~dtneies.
iS. 'T6at tbc Me~ or anp perioa ae~Oeised b~ t!e 1~xtp~se ~6a11 `a~t t~e ri~t N eacer dpo~ ~d Lapea e~s soctPRd
premisa u ail reasooable tima.
1i. T6at ao~ wm or wras mar Se k~ned oe ad•aead M tbe Meet~pe a t~e Moet~et ac a~~ eL~ witNe w(10) yan
fram tbe date of this jndeatnre, tosa6er wttd iaarat t6ereos at t~e ate a~ceed apoo ~t tM ttme of sne~ lom or ad~aao~ a~aU be eqwU~ se-
enred wic6 and La~e cbe ams prloriq r tLs oridaal iadebadear aod be wbjeet eo sl! t~e tsno~ aod ~u ef thb ~rtp~e: N~Id~,
f the ~ ainount~anallM~ieeured bereb~r. at as~ tise ~6ap vot t~0ad an amoo~t eqod es oae rmdr~d awd ~tq pa au (1S09G) ei
PnndPil 7 .
F 17. 1~at~ If req~nred b~ ~~ee. t6s taia Kat~oe wIq rq ow tM ~ M t~e flnt dq ~E ad~ a~d eres~ aweeedvt
mo~tb. s wus ~o onNtwelft6 of aonnal sreooat neoa~ar7 ts par dl •was a~d ~ a~airt t~s aid mortp~ed ~r~sa~ ~dd
mootbly wm to~estimated sold7 bp Mo~t~atee aad ~alculmd ~o be as amo~mt aot ks tba~ ttie aso~st ~ ta~es are~ed apie~t ~ mort
~ as~ed Praui~a for tbe pretiou~ 7eu. aad i~ fart6er rcqatred b~ Mortp~ee to pp all Ia~oranoe pee~i~nr h aaooa aad to~ a~ ~ee~idei
6erein ioe tLe P~7mmt oft tua and asa~oeoet.
i~. Ztiac in e6e wwe chs le.o w~ e~~e b~ a~eeoe+s i~ s.d. fa~ t~s .t 8e..d.~ eit~a d~e a.~e.
oE new buitdioaa or tbe aomu~tioe oE impro~re~eesnn aod/K addidoas a bdWinp. tM . if bp tLe 1Soetpi~e~
apnssl a~rse~ ~o depo~if~ wjtr tbe ~Ioetpsee or iu d aRat ~o ~sw~t~ so~s~ pod wp~H~e~oe~weM t6t ~et~
.E ebt ~.e .aa t6~ eotal ~sa~ ~ deterad~ed D~ d~ta~~PSK. ~7? nia a~er~edos b aooKdasoe witr e5e tlaer
~ and ~podfications ~aecofon wbniaed b7? tbs Metti,~p~ a~d '~p~b~ttie L~oet~et. S~d a~o~t ~f so~e~ ~all be plaerd b~ tis
s I~~ortsa~a in a"Lwor is ProeeM Aoooom" L t4 name ot t5e fa aoQ tre aos ~MU bt aed b~ 1~t ~6atp~ee b pq tbe aatr.
eLareo wd ~peasa iacurrcd is ~oooeeefo~ wit~ rdd oomtiuetio~ p~ior M di~bnni~ oE tW M~a. It b iret?er sin~d e5at ts tie e~eat
said e~.omcrueeloe b not full~ oanplaed oa ae behn t~s dsts ~ued ia t~e ~ Loa~ A~ea~ait or ia t6t eveat eba d~e werk a~
` ~aid oomtraaioo r6a11 owe beiaes lnll ooo~ledow aad we6 awdon s1~11 ooaeisos tar a perio~ ~f a~ (10) ds er-if subai~ial ~eseiaae~r
E v~~..~n ~ ~ o.a~ ~ ~ .pa u .o~ ~e e~ ..ia .~u ri.av~ ~ t.c~ ~a ~ ..w
P~~7 ~•na .n moma .eenrea bae~ .bali beooue dw .na p~ l~wit6 or t6e~eafotr at t5e eptioa eE .da ~lf~ppeen aad t~
ehe enat of weh oarsdoo of work ~yp~ e~omtroetka fet • period
~k~e+s ~10) da~ ~ it ~al co~d~ooa~ p~o~era ia not 6s
- made In soe~ aoa~e*netion. as aforrw~d. e~e )~eetp~es aq a it~ optien eaer i~o a~d o~oe tre pe~a ~od eompkee aid ooo-
~ruedos In ~cY maaaer ar k deaas ad~babk wh6oat ~ ia~erfeteaee tee~ tM M~tss~oe: trt ~dd ~~e~tp~et tieeedf d~ ~ R~ni
3 !o tbe Matp~ce ~WI power Nd a~R6oritr q mats wek eat~r~ iMS and apw sai~ ooetpsed~~~~ r eoar 1a1s ~ ooetraeb oe sr~
' ran~ a~ ~a~ be seoa~ar~ ~o oompkoe wid aoo~tn~aZee4 aad a espd an Meia L~dd 'Iww fa Prooer A~ooeu~" aod
` ta additioa an~ aua~s ot ueooe~ oeoassr~ ~o oomplste aid eeate~etio~; ~od ~q sod all soaks espead~ by e~e 1~ ia coaaeee~
wie6 ~ueti oaopledm et ooa~truaioa ia esear of tbe monie~ ia said "I~ h Proeea A~+ooYee" ~11 bs added M tys aid peiveipsi debt aad
~ ~6a11 draw intcnst st t6e rate prodded 1a asid pomiroq note. aad sUdl be ~ral b7? eMs ~~ed ~Wt 6e N7~k df ~~i~P~
x ~ AA.
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