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' at ~B et~s~~y aod qu~ody ~o eo~et vpoa,liold.ooa~r snd eojo~? iaid Vod; tL~t aid Lad i~ lres f~s ~ anauo4bea~ioek t
" tL~t rr~ m~lo~"wroi tuellwe awe~oe~ b pe6~cR e~~G~~ titis eo sdd Lod 1Q e~t Arod~d'oa at ma~r za~oa~Wj? bs.
ra~' ,~d drt tu~y ao l~eeb~? ruIIp naea~ec a~s tld. ,to Lna .aa «?m aefeua tL. .~a1tic tbs Iavd~l a~o,. oE
~ ~ aR pee~on ~ ~ ~
s~ PROVIDSD ALWAYS dnt ff tl~s ~D w+eD and huty P~X mko tlis Aabdat~oa, t6s L?debeedne~ avida~oed
byr tbat oerta3o p~oasiMOey m~ of ayas ~~s ard~ by d~s blactg#gors ~nd payabk ~ tba Assocd.tioq ia tbe prL~dpd
~ s~a af _ ..~3.TI~~.~ ~.~.44.~---•---.~.,_Dou~?rs (~_Z?fiQQ.~..QQ..._.
wbic6 Ar,oey toaether wtth tate~ac th«~ a a~ac~a mec~flea, e p~?yable in mond~? t~hM,enb of.. .
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; ~Y? ~iC~HT AND ~LO/lOQ..,,..._ . ~~,.,7 $40.00 ~
+ an tb~..~~...,da oE eoc6 a~oaR~? oowma~ng vvhh._...w October 80. I964
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~ ~rs ~u 6s ~p~~fisd, f~d m bnoerert, ~nd d~s b~lMnoe ~ pdndpal, untll ~id iodeb~e~ i~ paid is fa~ md ~A pee~oem,
w?Ith aod ?bide ir~r es~h md av~e~r tbs ~geement~ coodkioas and conreoanb af ~id pe~oiaoi~oey no~s and
~ ~ moet~e, anp advanoes aw~t6e A~odattan ~ tbs ~tatgRgpcs. a d~eir wooaro~s ia t1dq~ ~ aay p~o~
a
t sap daos ba[~+e tbs rdwe and anosl4don af tMs mortg~ge. b~ a# ao tlme ~alt d~b ~onocl,~e se~+ms adva~ oa aooo~uk
!
af s~id a~l no~s tiog~et6ae wkL snch additional advai~ces in a wm ~n esoe~s ~_a~Y 'rK.~~~~~~'e
~ . c/~ , . r
~ii{.1R~j~/x~i~lll ~/~l.XX.~..~.~~~~~~~~~~~~~~w~• ~ ~ ~1W~ oo ~ !tiW iYri~~s ~ .
i to peobe~.~t tbe seeartty aad eats, t~ea d~ deed and tbs aah~e bareby created sLaN oa~~e a~d bs an aud'v~oia. .
' AND 1'HS M4RT~CA(~ORS DO bes~eby c~oaa~~ and ~gree: !
- 1. To pay a8 ana ,angnlu a~a p~t sna ~erac .na otbes s~ ~E moas~? par,~Ws br v~ra,e of ..w p~oa,tao~? ao~e
~ aad tLis mat~ge~ er eitbar. ~mpdy oa clays respeddveip tbe ame ~e~r~ee+oDy oome ~ua. - - ~ ~
~ To .n ~a ~ ~ ~ ~ ~ a~a~.~a m~. ~ ~.~a ~a ~ :
~ ~ ~,a a~a~~ p` y, a a~c m.~ve~a ~a~~~~'~°°a~. ~ a .~.ea. a~~, a ~.c ~c~
! ~ 6e£a+s thay'~be~
a~ ana ue[oe+s .ay iata~de .tde~
aesa~? '~d °i^0a ~
.ad~ ~ ar e; f'-
~ co hw, pa~?
a~y tl~ae~eof is af reoaed t1~e ~ame sl~l be pro~mptly ~e~d and dimharged of reowd and the odgin*1 ofRdsl doa~m~ent (weL
? Ear ~nce~ tbe tas r~oeipt oe tbe ~ioa paper a~Uy endoeied or oe~tl~ed) sbaD be pl~ee~ ia d~e h~miL of asid -
; ~.r~~~a«~~~~a~r~~~y~;~a~~~c~~?d~~~c~a,~a~t~aa.
; aid As~oaisdm mo?y at any tlme pay t6e same or aay part t6ereaf wtthout waiving ar agecdn +u~}' optio~„ Ne4 aQu#Y a r~t ~ `
; ~ mder ar iy vt~tiue of dr3~ and d~ full amo~mt cf eac~ and avery sucL payment ~ba d+~e ad yabie _
~a ~.n ~ ~ a~ ~rn ~a ~c r~ ~.~,~.cea m ~ ~ ~a ~?~~i ~~:~a, ~
~ ~~n~~aby~~~a,~~«~. . .
~
~ 3. To beep d~e baf~ngs ana .n eqidpa~nt ana personal prope~tr noM? ar hara~fter oa sRia pe+emt~t oo~~ed b~? dds _
j n~ge, ia~an~ed in a wm equ~t tio at Ia~t ~d~e amount af-d~e ac sa aaao~mt ~e~t m ean~1y wkL any co-~ ~
~ anoe q oov~aing tl~e same m~de: tLe hars af tbe Stste of ~ o~ck~, ea~ve~ng ba from bot6 $re an~`1 sbecm, mikiag d~s f:
= ba uade~r
~
palicie~, each ard ~?riy, PRY~~ ~ the Assoeiatian, as matgagee, as ~b ~ ma sppeu, and ~id i~aaos '
i s6aD be ~n a~ood and respoa~bie i~aaoe oomP~Y ~~~Y bo sa~d Assocfatioo, ~ud v~ritben ~by~~o~~~~ bCata~t •
~ b~ uid A~octatioa; and tLe poli~.y a poiicies ~m1t beu a~d aaartgp~e d4use w&bo~t and shayi be .
E h~by Assodatioa. u~d. in ihs eveat sny sma af aionry beoonua yable under meL po1icy? a palic~es, tLe Asiodatioa d~Il
~ bave dtieopt~oo ~o reoefv+s and appi~r d~e s~me oa aooanK oE the i~~ ~ereby see+s~ed, ae to pecm~ d~e bo
; ro~etv~e and use it. ar anY P~t tLeno~ fc~ ot~a~ puRpo~es. wlthont tl~'ebY ~S a ~ a4~Y• -
! ard by viitve of t6is matg~8e• ~~Y P~ ~ PaY for wch iaau~r,oa~ ar aay Part~~ vv~out waivin8 a~~~~~ ib
~ aption eo foneelose~ ar any ri~ ba~eaader, aAd tLe fnU amoimt of each and eYay mch paya~ent sball be imn4edi4taZy dus and •
I PaY~~ ~ s~l 6ear inta~st froru tbe date thee~eof nwtII paid at tLe rate sdited in the nobe sa,vred herelry rwd togetLa w~h i
; sw~r tota+est sLaIl be sec+~red by the lien oE ~hh ~[a~age. • •
~ the blhue cf tbe ~nortg~~ ~p tbe ~i~ an
~
propetty
in~good~ooad~ioa o~ r~ptfr~~d~e ~tion
m~iy
deao+md .
s i~odiate ~ af soid buildi~s oe tbeb ~m~me~ate repeymeiat oE tbe debt ha~eb~? _securad, and the fail~a+e of the matga~ca ~
to s4id d~snd af t~e Amodatbn fac a Period af Thfrty (94) days, sbalt aoo~te s bro+u~h of t~k a~~
~ . and,~ optian of tbe As~oc~tioa, ioomnedisEdy mature tbe e:atire amo~umt of paioc~pai and inbet~est ~a~ehy sec~e~ed~ ' ;
i ~~Y aad vvjtbont uwtioe, may imbttabe piooeedings b fa~erlose thb matg~ge and spp)v far tbe appo~oo~eaR 1
af s R~eoeiver, rts be~sfbeQ pe~ovideci.
j 5~'Il~it mat~ge eon~acx pro~vides ior add~iaial advanoes whk~i may ba aisde at the optbo af t6s, as~ocLtioa and
see~+ed by d~b a~oct~agq aad ~ is agneed tf
at in tbe eveot of su~ advanas tbe aanoant may be added to d~e n~a:tgrage debt
! and ~11 increa~e the ~mpaid baLnee of tbe nooe ha+eby secut+ed by tbe amount of sndt advanos and sbaH bs a pat af ~id
1 note fndebbednas unckr sD dre batms of ssid nobs and t64 oaatrACt ~t fn1l~r as ff s uavr ~ncb note aad eontraet w~ere eooec~ted
j and ddive~+ed. M~ ~ ~a~ ~~t ~r ~ ~ ~a .«~a ~ ~ ~a~ .ua ~?r~ ~.y ~ ~ ~
n
~ ~~~Y Peyma~b and a dffkee~ iate~l; rate wd athar modifi~o~s af-tl~s oo~teact, bnt ia afl other respec.~b .
~ i thb ooatract d~il rm~aia in fuII foeoe and effed ss to s:id ~g aD advAaoa, .
~ a. 1E a~? of tbe a~m af monar l~ee~eln r~fmc~ed t~ be not prompdy a~- fiill~' P~id ~ Z'6frty (90j d~ps ae~ct ~f~er _
ihs t~me ssveraIlp oome dne au~d payabie, e~ ~ es~ ~nd ev~a~rr tbe i~~ oooditioor, ~nd coMeoanb af s~id
~ peomiaory note aud tLi~ ~leed, or eitLe~, are not ddy npa6oQned~ oom~p~ ~ aad a6ided b~+, t6e sgg~eeg~~e ann me~ooed :
i io njd ps+caoiwory aobe and ot~ar smount ar ~mo~ts a~idad tio tbe ano~tg~ge indebbe~ ~ia~ tbe ~aan~ af tLis
f smII beoonrs dne and pay~bie~~ or t~a+eaEber at tbs a~tioa af d~s A~oeiatjoq as and said ~
~ sn u o e
w~u af nnonap was aiig~slljr s~uhtsd tu bs p~id ai wcb ~Lr, anpd~ng ~ s~td p~+amia~oo~e ar
~ tbe ~ -
1 wN~nd~~, _
_ 7. To ddtves to tLe A~odation, on ar 6efooe Mard~ 15t6. of eacb year, tu reoelPb av~WeodaB tbe psyimant ~f ~afl Lw
tnDjr tr,ca far t1~e Pcaoedja8 ~*y~r
: to &liva to the AsoocLtjon ~eodpb tLs p~ymeot of alt lieat
. fa' p~i~~~wfthin aireh?~90) d~j?e aftar tbe saave~ baooa~e due and papable,~an -~o pa~r a~e ~ritLin
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o u~ d r e aiort~s indebbe~
s~ecored b
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" ' . _ ~o~i ~ F~E~~g
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ww.~~~ir.~wi~.r~ ~~IO~I~I~r .