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HomeMy WebLinkAbout0176 ~~s~.:.~ .~:.s..a a, :i~~ :-..M~ ~ '.~j%+~• w:.• : r . ' t - ' ~ _ . - . ~ _ - 1 . . , . a . o . . . . . _ . ~ . . . • I+i'.~' • ~~•i: ~ ~ . . , - . ~~t ' ~ t~ . ' ' a v,~a a.t~ic i~ el~. pe~f~m~O. af d~. co~eaand .oa .,~roam~n of a~. t e6. .~ort~.~a. .~.n b. .a~ea ~ . ~ oolleaR tlw renb~ iraw Nnd pio~b froos tbs peant~a Lee~aisb~foc~ de~ceibed, but in~cw- a~ a dehult i~ ~r vf eb~ Meaar af ? thr mo~t~ ~nd fb~ aE a bII ~~ot~eclow tMs a othee aeo~s enonrobe~ f~ wltLi~ daor~ed p~apa~ty. tlM . ~ i A~ooMtb~a s~D ~d w~ notios bs ~ to drs ~eat af a R~o~iv~ oE t~ 'm~o~e~dp~o~eety. a~i ; of tbs reat~ itwa aad tbarof. ~rtth tbs ~1po~e af Reodvea ln ~onoh au~eti md wcL AAOeiv~e~ anay ~s- ~i~sd ~ tn po~uion cf tlis dd propaety ~l d~s thoe af tbs s~7e tbee~eoE nndee ~ueh ~oreolaw~re~ ~nd v~ die ooaEtraatiaa af ~ ; sR1s by db Oou~t. ~ . i 8. If oonvey~oo~ sbould be aadeb~r d~s m~o~o~s oE tbs premise~ ~ de~aibedy a~yp~t tb«aof. ~ont tbe wrR~ea oohueM of tl~e A~ociatioq aod wk6oat am~mpdoa ~n reguLr Ea~ca of 1Rw bq dN ~a~oes af tbe ~bL~atiom ~o tbs j As~ociaNoa ereabed b~? ~id peomis~ory aoee and thi~ tbea, aad ta tLat ~vent. and at tbs optioa of t6e A~oc~doa. , a •~ad ~ aotloe~ aa sw+~.oE manep ~ecmed 6ae~ebp~~aioaa~ediaEe~r wd oonp~rre~jr wlth wcb convay~nos beooo~e dne and ' i I~ay~We and ta defRUk 1!a A»ot~fatl~om m~? dnl wkh auooe~ors in ~at~+eat ~h re[a~~enoe ~ d~it mat,~~e aod tLe debt~~ see+uea in tbs ~nos ma~c a~h tbe mo~t~gacs. .oa mar ~abe~r to we ar ,a~ty ea~ceaa wme fa p.~a~eac of a~e aebt, 1 be~ebp. a~ otLeewi~e ~et w&Lout dbd~ a in au~r v~y a~ect~ tbe Ibbil~r af tbe mo~agas ba~amder or npoa tbt dsbt ~ ~ bera~? sea~ed. Tlis As~odatioa u~y dsq deal ~ ths Yatga~s anc!/ar w~h wooe~oss in intera~t with refa~enos tio tLd ~a ~ a~c ~ ~o ~e c~ ~ p.y~ ~ ~ a~c, .r~a ~ ~ ~ p.ymaw .aa~ae a i~ae.c racs~ aaa by a~ ~ aao~Soae~oa~ pf a,s eonaac~ wk~onc o~g • tbe A~ooiattoa l~ oMet otbee moMg,a$eat a li~aaa a Iwjdea ef aar ~ior io~ee~asd h tLa pe~pertr seeimed jLe~Sp•"Y P~ ! mKleritbe ~ of am~ant ~ P~ ~ ~y ~~II bs ooodea~ne~d aud taloeu foc u~e I~ov~"er doaaatn, tbe As~oci~tio~~t bare ti~e r~ demand d~t aIl dam~aa aw~rckd fo~ d~e ~af a dam~e~ b said praa~i~et s1~1! be pdd eu die A~oelatioo, its w~ooeason or aaigm„ ap to tlie smaurt m~pai~d an dd~ ~gs and _ - . may be aPpiied ~oia tLe P~pn~aot or Papmeua h~t P~y+?bk tl~erooa• . ~ . 11. It i~ ~ed~Oanp a~reed d~at tims b the a~enoe~of tl~i oo~ and d~at no walv~er oE ar~y obi~tiaa be~eun~r ar oE . t1~s a~.tiou .eaa~ea I~e~ebj? s6sn u~? Ume t~a~esfter bs baa ~ bs ~.r.i~?ee af tbe ~ema. a of tbs i~a~trumant ~eamea La+ebp. . ~ w ' 13. If Ea~edow~s ptooeo~i of sop ieoa~d ae ~eoond t~mt deed a aehr junior liaa of a~r ldnd tbould bs imd- f ~ the Arod~tion may st Ns optbq i~aaanedi~telp~ar ~t~ deel+irs t1~ ~noet~ga ~od dis iodeble~ ~e~e+ed ~eby dus ~l~ a~a ~,c of tbs ~eb~e~ af d,e m ass ~iaoa.~oa ae.o~aa ~n «,ea~ea La+ey?. tLs Mo-. ; ' datioa b bareby snbe~etea b~ tba ~ea ar ~eos aAd~i~sl~?b af tbs o~ ~md LoWee~s d~ee~ea~f aE a~e6 and~y mo~t~$e, j ~ ~ao a othe~-eo~Maaoe aa t6s Lnd dacslbed herdn whkh is paid aad(a~ ~ed, in wltiois oc in pa~ out af tl~spo~ ~ ef ths lo~n ds~ait~ed l~eicdn a ~ec~+oed ba~eb~r~ aad tbe req~eetiv~ liaot of ~ aso:t~,•Neus ar atDer iencu~6rwnoa, sL~ ta ~uAd ba Leid 6p tbs Aa~odation ~ a o~ity ivr the indebte~ to da A+~odadoa bareie deicAied a ba~ebp seoure~ - s me ` tLe sRme eadeot d,st it bave Lean pr~e~erve~ and ww~ouald bav~e beea patied tio sad beaa bd~db~r d~s A~od~tioa ~d ~ bean : ' dn~r ~ad r~uLurly s~e~ damEe~red, set and deltvr~c+ed m~ d~e A~odattioe ~ d~e hot diat tbe nme ma be ~athEied and au~oelled af ft tbs tnte Honf°~°~Odeed aE ad~oa~ae~ n~otw~nd. ~ ~ ~.a~a ~,a ~aba ~r~«a e~? ~ baa«~ a~'~'~c ~ ~ ~ ~ ~ i 14. Ta pay ag aad sioSniRr tM +ooas. d,~r$a~ and e~cp~ ~ h~ry'e~'a tear, ~ ar pdd ~t su~? ` ti~s b~? tbs A~od~tloo, bea~use aE tLe i~iture aE d~e l~deet~ago~ to pe~faem, ~oaoply wlth ~wd~ e~ch snd a~r~y ~ , tioo~ a~ ooalkioos eind oonronaab af sdd proa~i~oey noce ou~d tWs deed, a e~ther, and a+r~ery web pa~ ~a1t bar iatee~at lran dste at die nte stated in tbe m~e sea~+ed Lareby. ~ 1S. Tbit La wID oommit, ar s~r no w?a:te~ imp~fraaa~, ae deteriorstla~ et nid p~opesty a~r Put tl~areof: ; aad in the Cveot o~ d~ ~s of d~s Maet~ysg~rs ~ loeep tbs b~i{d~s oa srid pea~ai~ sad tbo~s ~ bs a~e~bed an a~id p~i~s. a~npcoremenb tba~eon ~t ~ood rep~tr, tbs A~o~on mar make aed pay foc suc6rep~ as ~ ib dbcrot3oe k may deem ; far tbe ~ d~ee~eo~ and tbe fiiII anoonot af s~ pay~oeab d~~s ~e~~ed tLe Iien af thi~ ~oet$ag~s ~ ~tt dre option .a~Aaodatlon bs immedi~bely due aud payrabk, o~ PayabM in wd~ awothly~ u tha A~ocia 4 Non may dete~6~e~ aad eve~y such payn~eat sb~ll be~r ~terest f~+om dste at tbs rRbs ibtied in dis ao~e seeured beneb~r. i 18. Tbat if tbe Assodatba and tbs Moet~gas age+ee~ tbe wiD e~r s polia~r ar potidee aE imt~eoe npon , au . ~ u~?~ m ~c ~ a~ ~ m~ m a,~ .~c ~ ~ra ~ . ; eiary thenonda. and that the sRid Aaoc~oa anj?p~ey the peea~m hr sach ioauaooe (b annent die 1+lat~gars do aot). ; aad add e~ sncb payment to tbsmp~id baLnoe a~ ths lo~q ~ af tbe ~nt day af d~s dieu cme+ent maatb. aod R sL~B beoa~ne ! additjoml iAdeb~e~ss securad by tb~ moct~ge PRYs~ ~ 1T. T~t in tbe eNa~t that tl~ iuo~e be glvm ~o sa~re : eonstcnetioa 1o~a, b~s on tbe part af tbs l~a~aor= ae . tbefr oootracbo~s bo oanpaete-~id bu~dMg in aooar~laooe wkh Domtrnctioa Loan A~aet. eE e++iai4~da~s La~arritl~. or to buqd . - i ,~aia eoa~nc~on ~~oo~anoe w~ pL~ ,na spedRo.t~ mea w~tL tbe As~od.rka„ a~ oo~itu~e . be~a~ of uW mo~t~e, - aad, nt tbe o~Nan af tbe Amod~ation, immediatdy maturs the aitb+e amauM of peiaelpal md iater~est bereb~r ~eau~ed and tbe Aaa- ~ "dstion aahr inomediataly in:titute prooeedi~r tio fa~ecloae tLis m~ga - . ` 1& 1'~at d~e a6stract a~ a6~racb af tide c~ovafng d~e propatr ~ll ft.afl t~,, ~g the l~e of tbb mort- - ~ ~ r~in in tbe possessioa ef the Aaoodatlon and fin tbe e+~d~e ~oe~ecbwn+p of t1~4 ~s a~ otbee ~er of titls.tu a~o~t~8a1 p~q~cty in ~tiaguWnnaot af the iadeb~tec~,es~ :ecured ba~eby~ a11 rig~ t~ey~~~ee~at of tLe l~a~gaga~s in ~ ud e~n a~? snch abatneb of title sL~ll pae ~o t6e pm+d~a~er ar grantae. ~ 19. Tbe AsrociRHou ~sll bav~e tbs r~ i~ ~s dbctetioo. t~ requiro dmt tbe Irtact~gaes pry fn~o tLe A~odatlon ~ addi, . tioo to tbe aiontt~y ~b of p?i+nc~xl aad ~oe~t to be patd by' die Mc~gsgtrcs u~1et tbe n0~e secvred d~is an amo~t a;ual•to a~e~twelf't~ af tbe annm~l ~ts of any taxes on tbs pc+e~ni~ee lavied a~wa~ed -~bp~ ' , ~ ~ aut~Ortty. and coe~trvelftb of tbs sanud pc+eo~ fvr FYrs and E~t~DoMaage fiwnanas bn tbe prembes a herdnbefcre requic+ed by ~e Ano~eiatfoo, and d~e Moctgagor~ bflune to ~oabe ~h ~nder tl~s mort~aga . P~~~ ~±oo~e a deEsnlt ~ W WTINBSS WHEAEOF, tbe said Mort~sgas l~erauu~o set tl~eir ~nds oad ~ab tbe chy aod rear ~ abovs v~be~a. • Si~ed, se~bd aad deliMei~ed fn t6e pca~eooe oE: ~ ~ , _ •s - j ; . Ldinuad . e . , ~ ~ _ _ i . . Doi~Ls M. Rsdke ; . . ~ . . ' ~_.,,4~_..._._..,,,.~._._.._,.~.,;_.(SE~I,) ' ~ . . . _ _ . ~-f ~ _ . . t~i ~ • - - - . • _ , : •--.r...~~~s~ ~ ; . _ • . ~1011~90~l~ - . - _ . t. ~ : ~ - . 4 + ~ - _ . . ~ . ~ . . . . ~ • . • - . ~ . ' ~ ~ • . • ~ . . ~ , _ ~ ! a ~ f9tfE'~ J U , , . . . - ~