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Home My WebLink About0172 ~a:~ ..N..r - • •M.a~~ •:-~:.I~s~ ~ ; S~ _ . . , . . , , . - V.. ~ . ! ~ . ~ . : 0 I . . ~ : ~;,~r a~ ~ ~ ~'3 i . s . ~ . _ . , ~ ~ ~ f. a. Vi~ da~aWt !s dis perfa~no~ oE d~s oo~eawab ~~od a~roem~t oE tLd a~oet~e~ d~tmo~~o~ ~ b~ a?tlded to oolle~t t6s reafs, iw~a ~uo~d~ t~rroa ths pnmbe~ 1~?ba[ae~e daa~ed. bat !n ane af • d~ ii oE tbs temmr of 1. tbt~ mo~t~ae; ~d t~ s bdt bo iaecio~s tiY am~? otba~ aat~ps a~omobedo~ `tbs wltLb ~ pro~e~ty, ths ' Aaod~tlor~ ~ '~d ~aut aotios be entlded ~o tbs vE a A~eoetvec aE d~e moet~ged _bs- -i~ ~ ~ of tLs reo?b~ iai~as aad tl~ee+eo~ w&h d~e mwlpo~res af in aao~ ~a~e~„ aad a~? Reoeivar mhr . ! ia po ~on of d~s aid pro~a~ty ~mt~ die tNns af d~s s~]s thereaf rnde~ ~uc6 fciecions+e~ and ~t@ d~s vo~tioa af su~ ` ~ ~ Oou~~ ~ ' A. I# a canv~sy+wos ~ bs a~ade~y ~e ~~t tt,a prsmica: ~n cr ~rt th~rro~. wi~oe,t- . tl~e w?rtt~eo oomaM of tbe A~aocLt~oia, ad wkba~t atsumptioa la rsSuLr fana af Lw bp ths Scaaobee ~d~s ~bM~attow to d,s • ` ; - Aood~?tioa aeo~ed b~i s~id pe~oa~ta~ory nobs and t6is mat tbeo~, ~od _id that a~e~. ud at t~s ~tion af tlre A~socktion. f ..~ud witbout ~wtio0. ~il mna of moaeq ~e~ced l~ae~ebr. du~edisoeljr sna aoao~rentljr w~ auch oom?e~rano~ beoonis dus and . P~y~aWe aad 1a dataa$ Tbs Aaodatiou m~p den1~ ~~ooe~rors i41a~ wit~ re[ee~enoe ~o tbir moeta,a~e ~ud tbe dabt , ~u seaued in tbs aase minaa: u~h tlN mo~t~$o~, iwd aaay fabe~r to ae a aq~y es~end t~ns fa pa~Cneot oE tbs d~t, ~ liarebq. ae aRhanvbs act wkho~d d~ a in aoy way affectlaa the ItabiUtp of ths ~a~g~s ba~em~dar a~ ~oa tbs d~t : ; }~arebp sean~ed. ~'ibs A~odaNo~ maj? derl w~th t6a Matg,~gna aud/a w?ItL woowoa i+? in~r~t wtth rafee~eoob m this ; ~a a~ a~c ~ ~ ~ ~c~a~ a~ ~ ~ ~ a~ a~ ~g ~ a~,R siu ~y ; ma~°h r.r~e .da~ar . !n~ M~, s+~a od~ ~ moa~so.t~ af t~ ooua~c, wk~c .br P~~}' ~ d~e.Asrocbtjoa ba aaae othe~ ma~~ee~ ar ~s a bolde~s of nay iuaia ~ ta tbs pc~opa~ty se~emd b~. ` 10. 7~t !n tbs ~ent tbs preaaba ba~eby a wy PmR +hee~so~ sb~ll bs oon~oned ~nd taloen fa~ we ~ un~1a t6e pow~er of eminent doo~ain, ths As~a~tjon~sd~~v~s ths rtght ta darmnd d~t aII dsnaga swarded fa tbs~b~aE a : ~ d~am~e~ ~o aaid p~remi~ s~ bs paid ~ drs Associat~on~ ~s si~ooeswon or a~t, ~ n? d~e adsonat napaid aa t~ a~o~t~ae wd : ~ ~res~~~~r~a~~~?r~~ : ~ xi. it ~ ~a~.n~? .;~a a~c ~ d ~ ~ ~ a,~ ~~c ~a ~ ,~.o ~ ~r o~~ ~ a ~ ~ ; , t = ~ ,~a ~ ,~.n u ~ ~ ~ ~aa ~ v~...~ ~ m~ ~ ~ a»,~ ~a ~ ~ - ~s. r~ ~ ~ ~ .~a~ ~e a ~a ~c a~a a.~? ~ ~ ~ma .t~a ue ~.a. _ ' e+~ea, a~e naioot.tioa mry at i~ o~oa, ~a~eau.cei~? ar t~e.Rar aecMre a~& mo~~.~e .Aa tbs inae~oe~..a~ea I~roby ane : i a~d P~pable• - ~ ' 13. 1b dis eacterK af tbe ~debtednas oE tLs o~ga~ ~o tbe ~ocrtioa de~arfied ber~ein ar aa~~red bc~ebp, ths A~so- • i ctst~oa b be~eb~?. abe~tad ~o die liau a~tar sod~ 1Dto tFs-r~bb af t~s awners a~d boiaai~ tbee~eof oE e~h. ~nda~~ matg~gie, . : lies ar otbe~ eaaanbranos on tbs ]md das~lbed l~a+eiu w13cb b paid aod(a) ~thfied, ia wbols a ia p~rt~ ont of tbsp~ooee~e ; af tbs lo~a de~aribed ba~eda or ~e~a~red l~~eby, and the ra~ectlv~e braa cf nid ~o~t~age~„ ~ens ar other c~ramn6nnoer„ sb~ ~ ' ta ~nd be held 1ry d~e As~ocLtioa M~etn ~s i~a tbe bdebt~ed~ ta tbe As~oM~tloa beraia dacri6ed ar bae~ebgr ieoure~ MR ; • the swae e~d~nt tbst ft w~ld L~MS been pnise~v and wrould bave beea rwed ~o +wd been Ldd_ b~? tl~ Asrodatloa lyd it been ; dn1~r wd rea'iluly asi&'~ed. tan,~fazed, ~et a~r~ar md deiivered m~o tbs A~ochtba bq sa~ats deed af a~nmeaR, aotv~d- ina d~a bct ~St tLe ~aaoe mhr bs stt~kd aAd c~noeDed af reoae~d. it be4~g d~s io~eirtioa cf tbs paitjas bee~eoo t~t tbs aa~e ~Bl ' bs s~ea ,~aa amosllea cf reo«~a b~? e~s boidees thareof at ae.bonc tbe wns.of ais ~eooeaies of d~4 moct~, ~ ~ ~p.r~-~~~~~~~~~~~~ ~a~raa.~? } tbe A~o~t~on, beau~a,af a~e fa~e oE tbs M«t~~ to p~fcc~~, ooco~l~ .r,t~? ~na~ e~d, .na a+ra~? ! dons. a~ree~nb, oond~ioas ud~caMea~nb cE ~aid p~cn~oc~r not~ aod d~s deed, ar e~her, iud avery sadr p~j?ment ~II bear in~e~t from dabs at t6e rate sb~ted in t6s nots aecc~ed hei+eby. . , ~ 1S. ?bst bs wtlt ~ ooasmtS, ar wEla tia warte; imp~inaoe~nt. ar de~ioeuion of nW pi+cpeety ar ~ny put tha~eof; ; aAd ie t6e ~ot af tbe of d~s IN ~o beep tl~'buttdio~ oa ~fd rmd tho~s to be ae~ec.~ed an ~id p~emi~es. ~ a m~pe~b a~non i~ ~oOa rspa~°~~°`:ilwoc~tion m~?r m~s .na p.~? ~ a~. i~. ai~a+eem ~ m~? aeam - ~d repai~ ~ tot tLe poper the~neof, ~nd tbs i~dt ~nooa~ af a~ch payn~onts s~be sec~sedby~ tbe~ ~an of H~4 a~ort~a ~ ~~t d~s option~a~At~oc~atioo bs ioomedi~j? dus and payablR a pay~bis is sod~ moa~hl~? i~neab as tbe Aooda- ' y de~xmi~0. eve~r meh paymmR ~D be.r ~cae~erc from da~e a the ~te ~?~ed in tbe note see+.~ed l~ereby. ; le. TMt if t1~e A~odatjoa imd tbs Maet~~oa agfiee, the M ~ wID aoap • poiby oc poticies of iaaaanoe npon ~ e e~etr lh~es ~u .n .alls~mc «~m~l tro~an tinae a, tims ~o d~s ~ oE ~deb~1~ securod. ma1~a ~.w Assod.c,oa beoeH-. th~da~, and t~t d~e syid Assoc]lation mayp~y the pnemiuan~ for wcb 1aaa~noe the eva~t d~s l~a~tg~goes do not). yme ~uld a~cb sucb payment to tbe baLnos aF tbe 1oan, ss of tLe fint da~r aE tLe tben c+~r~ anootbi. and it s~ beoome .dditioml fide~ced~ seau~ed b~r aa~~s~ P~~ ~ ' . ~ - 17. 1'6~t in the avdnt dat tLk a~t~ge be g~v~ai ~ sea~re a oon~nctloa toan, ~itiw+s cn d~e p~et af d~e Ma~tg,~g~as or ~ ~ d~ir coodractoa b~ oompiete s~id bu~ns iu aoooetLnoe a+~ tjoo~tre~ctioa I.o~a A,~roa~a~~ af ayen dats Lee~avvid~ a to bu~d ' said co~ioa in aooordaaoe w~tb p~ana and ~ed8oatlom ffied w~b t~re As~od~tion, smfl com~iwte a be~h of tbis mortg~ae. u~d, at tLe option of tha As~odatloo, ~amoaedLtel~r no~tue~s d~e entire amo~mt of p~i~ial and in~a+ert barebgr sec~a~ed and tbs As~o- ; ~ci~Kan mty immedisbely ~sttwte p~+oo~eed~e b fo~+ecjore t6b ~ao~rtgaga • t 18. Tbat tLe ~bstr~et ac abstr~b af tt~e aavrxLns tLe taatg~~ pe~oQaty sbaD at aD tlm~, dn~ng tbs 3i6e af tbb aaoet , , ' r~uln b~ t}~ possesRion af tbe A~odatlon aud in tLe ere~t dre Eorecbw~re oE t~s or other tninifec oE titie ~a ~ ~~8~ P~P~y ~~su~mc oE the ~a~ebtec3nes~ ,ean+ea ~rebi?. sIt ~ tida~mtensc cE eLe Moartgabass ia ~ and to ~ny wch aba~racts af t~t1e shail pw bi tbe p~sa a gFaneee. - ~ ~ 19. Tbe Amodatba s~all bairo tbe rtg~ io #s dfxretioo, ~o s+e~e+s tlmt tbe Maigag~aes paJ? iab d~e A~o~tbn in addi- tion to d~e a4onthly i~ts af pdadpal a»c! faberen ro bs paid by tbe Mo~egag~s ua~er dre no~e seanrod b~? tLM moetg~~ger e aa iunount aqw~l•t~ one~t~re~fth of the sqawl h~allmeoh af any tares on ths premi~ levjed ar-asia~ed bp . j ~ gavernna~tal autboc~y~ and aoc~twelftL of tbe ~ual p~+emioms ~S Fh+e ind ES~t~e~0arsrage ~aAae~ ai tbs a~oct~ ~ u~a thM hardabefore required by the AssociaNoa,' und ihe Mo~tg~agoa' idtue+e to arsbe mch paymeats sTiifl con~ ~ detau~ - ~8e. ' - ~ nv wtTi~rl+lSS wxSnEOF, tbe snia Moctgagas ha~ ~et dhdr Laad.-.na .ak tbe ~l.y .nd ~re,r _#i~t,.bca~e wrieteo. ~ ~ f Sf~ned, sealed aad delirreeed ia tbe prera~ce af: . L. : ~ ~ i • - ~ ~ ~ ; x - ' ~~wyd M. Ra e . ~ . , , _ U ' . . - ~ ' • _ ~ ~ %sI~ SSAL w ~ ~ ~ Dorie M. Ra~e ~ . ~ ~ ~ . _ , . . ; . ; t.-._ .~.....,-.,.....,._._..._,....r.. ~ _ .(sa~.~ ~ - ~ ; r'd - ~ I.= i . ~ . . , . , ' , i ' , ~ ~Ill~ ~ i . . _ , . ~ ,~L` ~ ' _ - . - J ` - ~ . ` ~ - ' y . _ . ' . . . ~~R ~ ~ t`ACE~~i~ ~ . -t . ~ ' . . . . 1 _ ~ .