HomeMy WebLinkAbout1107 .~~r/ . t~.~.~.s ...r: ~ _ •.w?.~. ~~_r~,_ +~~.,~•f~r~~t*,I:ti•t.~ b~ t_.. ~ .
~ ~ ~ ~.~~y
~m a
~6e defiaieaa~. Sucd t ah~tl be a,ade wit,hia thirt~ (s0 d~ys att~ec wrtt~en notios trom ths Ma :ga~gos
: st~aLins t~6e awount a 1~
,he de6cienoy, whiah nartios may bs. ven b m~il. It ati ~ny' tims the M r~
dwll t,ender to ihe Mortg~ges ia sooordaaos ~vith the prov~wons ~t6e aote ~ecwred Lereb~, full pa~t
of tbe eatisa indebtednas repreeenLed t6ereb~, the Morttgsgee as t~us~es ~6alt, in oanputing ehe smounti ot ~
wch indebtedna~„ credit to t6e ~oooua~ oi tbe M uU cz+edi~ bal~uos ~ainiug uader the provi~ions :
~f ~f ~ p~ara,g~
nph Ii thers ~h~ll bs a dei~der an~ ot t6e pi+oviedoas~~ oi t,his reeul0i,ag ;
ia s puWic s~~le oi t~6e premi~es o~vered hereby, or it the M uires the
det~ulC, fhe Moetgagee as tsust,es shatt ~ ~ ~P~7~~ ot~-erwise atter
o ~gagee ~ st t~he time o~aommenoemeDt o Woh p1+ocl~d~~gs ot ati '
p erL )
: t6e time the prop~erty is ot6erwies scq , s amount then remainiwg to oredit oi Mo~g~gOr undet ot '
~g ~~pr
~~g~ ~a~dit oa the interest aaured and unp~id and the balanoe to the principeZ t~en ~
:
4. He wID pp aII ~~nmq, wat~ee satd. aod oe6ee~~mea
~i a mim~oipal d~ar~e~, f~ ~ ~
~P~~, for wl~toh pe~o~Lioa br ao0 beea m~ds Le~a~obefae, aad tn ddw10 ihee~eot tbs Ma~tp,~ps m~ P41 ~
rms; and ibst bs wiD p~ompt~r deH~ee tbs oBdal reoeipis t6ee~etot to t6s ~tatp~oe. F
~ A He wl~l pa:anit, aommit, ae adtae ao w~ts„ ~o~npaitm~_
t~ o~ dsksi~o~nf,ioo at ~aid propeet~r a tl?eceot ~
eooeepi re~oosbk weae ~?nd tar• ~ad ia ths e~mt ot tbs ~a~lure ct tbs MoH~o~ to laeep tbs o0
pe~emi~e~ sod thars to be a+ecte~ m raW premLe~, oe imp~~eona~~ theeeo~ ~n `ood rep~te tbe Mozka~es ma7
m~oe ~h is it~ d~on it m~1 deeo~ neoe~a~ fa t~e:~ P~ t~e~+eo~ and ths full amounf
at eaah aad evea~r w~oh piyrmea~t tlait bs aus aod P~U?~as i~rq l~~ ~r~. ~~~,e :a~ tr~ ,
~ tbs lieo ot t~6h mott~,
: a 8e w~ s~ ~lar ths ao~fa~ ~d eacpeo~e~, ~du~n~ :~e~oosbk Lw~e+i~, and aoN~
; ai ab~raab ct tltb, isau:ed a~ paid st aqY time
~~atp~~es beo~~s ot t~s failnrs on tbspar~ ot ths ~
~ ~ be ~b?
~
~nd p~sb~ls a~nd ~ie~ b~y ~ :
~ 7 Hs win oon~nnair~ msiatain Lassr$ ~ `
4•; • ~nwr~ms, oi a~oh ~jps ~~b~e~ aad samoua4 ~s Mort~ges mw
~ ~+om t~ms to f~ms req~+s, a? yrs impe~o.emeaa now ae bersatte: os~.~id ~ ' and esoepti whea sn1 :
4 toe atl s~ch pe+smtna~. bas t~~erst~o~oe+s beea mad~e nnaer,(~ a~ pse+sgrsph Le~e+eot w~l pw paro~~~t~awbes
~ dns pa+e~minms tbereio~. All iaau~aooe ~haD bs ~ia oomPa~~ ~P~o~ b7 M Pdi•
~ de~ a~n~ x~e~wal~ t~6ereoi sLall be hsld b~ Mortgages ~nd La~e attaohe~ tbersZo lasp ~rt~ in ia~or ct
~ ~ m~iorm aoospiabls to t6s M In ereat o[ loes Ls wi11 gi~e immediats not~ias~b~r~muit to Maetgag~es, ;
aonoernedQ~4~e ~Fi'0°i~
3i ~to make ~p~io~e wc,~?~ 1~f ~
i+~ hersb
to Mort~~g~or wd ~oitgage~ ~.w•a , and tbs insursnos~+ooeeds~ or aqy part d~~ma~ bs~~~p~i'ed
b~ort•
aL ib option eithee to tb~s ~uctan a~ th~e In~debtedner Lersb~ ~ec~u+ed c~r !o t~s resto~ts~oa or repsir ot
: ~Pd'oP~'41 In evant ot ioa+eatioars c~ tbi~s ae othee tea~ier ot ~tk to tbs martga~ed ,
p~op~~ in t oi tbs i.a~btedneN secnred b~~~ ri~ht~ tit30. and int~ee+e~t oi tLe Mortga~oe ;
. id ~nd fo a~ iasuraaos poaiaiea tbe~n in io~+os ~La1t pw to ~s ~ ae asntee.
~ S. 8e will ~ execut~s o~ Sle of seoosd ~ i~trnment wLioh ~nnpore~ a t+e~tiriction upon Lhs aafs or oocu-
_ P~7 P~'oPa'~~ dacn'bed ~+ein on tbs b~ oi raoe. ooloe~ a~t a~esd.-
: 8. If the p~e~nises, or sny part thereot, bs condeanaed nadet~ tbs pawer o~ eminent domain, or ooqn~red
iae s pnblia usq t6s~~ ~wsrded, the prooeede fot they~~ oi~ ae ths oonsidaeation ior wch aoqt~
tio Lo the ezt,ent oi t,Le f
ull~ aimovnt of ths rennaining, uapaid in~ebtedne~t ~scured b t6i~ ~rs
~Y ~ed ta tLe b~a~tg~gee, and Lis-haira or e~gos, and ~hall be paid forthwi~ to ~d~~g~s 'ti
c~ Lis ~ee w be sppUed on aa;onnt oi tbs last matn~ inat~allmenb oi such indebtaer• pt+~vi,ded,~aw• -
ever, the ar~ or hu anigaee~ may ~t his dacretion p~y diract to t~l?e Mortga~or, hi~ ~ara or awg~ -
' aqy part or all o such award;~roiicled, t~?t ii the lo~n i~ guar~nt~eed.9r insnred, t~ oonsent oi fbe gnaraa-
n
i . tor a~r wurer is obt~ined in ad~aace of said en~ -
~ 10. T1~e Mortgagee may~ at any t~me peu~sniti upon this ~ppi~ to fhs court hi?ving jurisdia-
da? thenof ior ths app~intme~t oi ~ reoet~ar~ ~d puh conrt a6all f wi appwat a reoeiver of the pnmiscs
oovered Lenby all ~nd ~inguLr, inctudin~ aU and mngWar tLe imcome~ ProBts. ~ssues. aad re~enu~s irom what-
e~e~r soume derived, e~?ch ~nd eirery of ~uch i6~n~ e~spreMl~ nadent~ood is hernbj inortg~ged ~s it apecificaUp
~asti iorth aad dacribed in the,8rsat3n6 an~ habeailum cLwea hee+eof. ~uch appointment shall be made bT •
such oourt as an admitted eqwtp and a matter oi abolute righ~ tio said Mortg~gee, ~ad Mrithouti refereaos to
the adequ¦cy ~ '--uacy of the vatue af tlr~ P~P~7 ~rt6~ a~ tio the ~ol~ ~ ia~olv
M ~ago~ or the ae~fm~ants. Such s~, ~7 ~7 oi ~aid
pro8ts, n~come, srue~, and rs~enues shall be applied by wch reoeirer
' a~oc~~ 'md
g to tbe tiea oi tL» ~ the pract~ica oi auh court. Ia t~hs ereat ot any det~ul~ on the par~
; ot the Mortgagor hereunder,~ortgag~or agr'ees to P~~ to ~s M on demand as s re~eonabte manth~,~
; reatat tor tLe premiees aa amo~mt•aC Iessti eqnivaee~nt io ons-tweu''ta s) ot tLsag~g~
te oi tbe twelvs moot~,j?
' iastallmeat~s payable n? ths t~be~ curren~ year plw t~bs aQtuul amonnt ai ths aaawl t~a~ces, we~epnant~, w~tAr
' ntes, and insurwcs premiunu fo~ suoh year nati covared b~ ths atoressid montbi~ pu~ments.
~ 11. Ia the evsat ot ~ny ba+each ot tbis mortg~~gs ~ detwlt o~ ths part ot t~s Most;a~or, or in ths ev~t
a
thati'aq7 oisaid sums oim~~ bere~n ~+eferebd to noL promptly and iull7 Paid aooor~ to tbe teao~r Lee+~o!
~ the eve~t ~es
~ aad e~ tbs st~p~~s,~~ge~eemen oonditio~s, and ao~eaan4 of ~aid nots an~
ad
? made deten ' ti ia a ban~
~p~o~ an~end
hipyproossd,~~R~th ~ either~ar~aa,y su~ eui~~, th~e ~aid pagg~e+e~.
i ~te wm mentioned iu ~aid not~s tL~+nre~ua~ng napa~d, witL mt~+es0 a~sued to t6at tica~e aad ~Il moae~
; ~eaured Lessby sball beoome dna and psyabls iacthwith, or tharaatter, ~t tLs option oi said M , as
; inlly aad owonp~et~el~ M ii a!1 the ~aid sums oi money r?ere o~iginsily stipulated w be paid on wch~an,~-
tliing~ia raid note or in tbis more~ag+s to ths conttar~r notwithstaadiag•-and tbareupoa or tbcreatter
,st tbe aptan
- ot sud Mot~tgageeL witbont nouos or de~nd, swt ~?6 L~v or ia equi~y, auy be prosecutcd ~s ~i alt monew
I ~ecured hereby bad mslured prior to ita instituti~. Tbs M mny f~recluss this mortgag~e, as to tbe
~ aaaount eo declared due snd psyaWe, aad d?e wid premise~ sball~sdd to satisiy ~nd psy t~e s~?me tcgrther -
, witb oosta e:pense~, ~ad a~lowanoes. In caee of partial toreclorure of tLis mort tba premi~
shaU be so~d subjec~ to tbe ooutinuing liea o[ tLis mortg~e foe Lbs aawunt oi We de ~ noti th~~i~nd unpaid.
I In such case tbe pz+uvipons ot tbis pu~g~rsph may agw? bs ~~aaed o~ tbec~after from time to tiane by t6s
~ i Mo
irtgagee. w~iver of aa~ ooveaant ha+eia or oi the obligation asenred Lrreby a6sU ~t an~ t~iwe theredter bs
' - be~d to bs ~rairae ot tLs teem~ Lae+eoi ae oi tbe rw~s ~ecu~ed l~e:+eb~. ~
13. Tl~s liea oi th» ias~~ sh~Il remain m tult foroe aad e8eat during ~a~ pc~tponement oc exten~ioa
at t~he tia~a oi p~yme~ti oi tiis indebtedner or snr part t~hereoi seau+ed h~+eb~.
me
: 14. 1'his mo is glmEn to ~ectue ths purchase monel~ or s part t6eeeol, of th~ laacls hee+ein dekribed ~
~ and is ea~ecuted ali~~+ed oonteanporaneowly with tLe deed tbereiea~.
• 1 b. Ii tLs Mortgag~o,r detault ia an~ oi the ooreaaut~ or age+eementa ca?tained hez+ein, oe in s~id nots, then
fbe Mortga~ee msy per[o~m tLe wne~ and aD eacpenditura_ _u?cludmg reuonable atxorney's tees) made b~ ths
M ;agee m~o dou~g sbaD draw int~nst at ths rote provided for in the P~Pv sacl sW~ll be
~ rep~a~~~b1e tbirt7 Cd4) da7s att~er deanaad. aad. togetLer witb iatere~t and oosts soeeued tbereon, ~lt be aecured
~ ~
j ie. Upo~ the rsqne~C oi tbs M tLe Mortgag~oe~ ~iuII e~oeents ~nd de4~ee a wpplames~t~l aote a~
aotes ta ths s~m ae amo~ ~d~saoed
1~M~ fo~ tbe dtention, im~+ovement,
~ taoanos~ ~ repdr oi ~aid pe+emdes. far t~aus or ~ats agaiast tLs aams aud ta~ an,~r other purpas wtbo~.
~ - i~sed Le~mdee. 8sid na~s a: not,es ~LaR bs ~ecnred on ~ p~ar"it~ with ~ad as full,~r ~s it the sd~aaa
, nid~noed t~b~bT w~e+s indnded ia th~ not,e Sei~t daen'l~i~~e. ea~d inppkmeutal ~°.~ae abati baar
- .80~K PA~ ~
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