HomeMy WebLinkAbout1314 . . ~ _ . . . ~ , ' j .
. _
,
; ~ a~~~: s~ep~maa ~.r~u t~ m.~a~~;~?'~i cs~ a~,i..t~.m~,w~ r~'~,e M~~.'se: '
~ sta~ the ~moun0 ot t6~ de6aeno~, which notios m~/ bs ~en b ma~. Ii s0 ~ Wns't~he Mat~a~o's
v
u?
1
1 t
e
n
d
e e t
o t
h
e M
a
r t
g
s~
e s i
a ~
o o o
r
d wos wlth tbs p
r
o ' n~ ~tbe notA ~eoured hereb~~ iull pymen~
ot tbe antirs indebtedne~s repraent~ed tbereby, Lhe Mortgsges a~ Lewtes s
h
a
U, i
n oanpuWig i
he sanoun~ o
i ,
aeh indebLedae~, aredii to f~hs ~ooounL ot tbe M~ ~ a~edit b~4noe r~n~taiag ~uader the pe+o~aioa~
ot (a) ot ~sid 4. Ii ~hars s6all bs a def~ 0 under an~r oi t~s proviaoa~ ot tti raatW~g
h
~ in ~pu
Wic the premi~e~ oovered heraby, or it ths M t~~es ~oquires thepropert,~ o erwi~s aft~er '
F dei~nit~ ~he Martg~ges as t~nut~s shall ap ~ a~ the tims ot
tfie-oomznenoauant oi,wch prooeedinp or a6
tbs time th~hs proPert~7 is otherwi~s uoq~ e amount then remaining to credi0 ot Mortgagor under (a~of
: p~ragnph Z preoedin~ ~s ~ credit on tha interest wcured and nnpaid ~nd the babwce to ~he principal en
reonaming unpaid oa aiii nota .
' 4. As wi~ p~ aH i~~ watee r~e~. snd othee ~~o~eeamenW ~ oaoioiP~i ob~r~e~ 6ee~ as
t~m~s~~ bsw
W~
~~~ie ~oial reodpts th~ei~a
b~Ma~~ee. ~~a~~ ~1 P~11? ~
6? He will permi~ ooa~mtir ae wQee ao w~ imp~timea ae de~etioe~stioa aE ~aid pe~opeel,~ ae t~eot~
~eept re~ooabk we~t sod t~ asd iu ~Ls en~ent at t6s ~ af ZLs [o~oe to loeep tb~ b~~op os wa
premi~et ~ad tho~s to bs ~ oa rid pe+emi~es, ae inapcovament~ lLa~eon.~ ~n
~ood repais tbs D[o~f~~es my?
aoslos w~ed r~i~s a. is ia diio~ ft m~r deem neoee~r~r ioe t6s p~e~eevstioa t6ei+eo~ asd ths tull amouoR -
at esa~ and e~veey ~uoh pqrmea0 ~A bs dns ~od pqabis t6ief, (~O~dws at~ee dea~and, aa~ ~ball be seais+ed b~
, , ~s Les ot tbi~ moe~p~e~ .
d~ 8~ wjB py aII and d~n~nr iirs eo~t~ ~nd eacpea~eo, i~udinr re~so~ls Lwye~'s ~i~nd oo~h _
' a~ abrts~eEs oE atie, ine~ured ae pdd at anpr i~m~s
b~odp~es bocau~s cf ihs faitnrs oa the p~rt ct t6s ort~~
proa~p~? snd ~o pecioe~? ths aa+ee~oeab aod e~veoants af ~~id pt+omie~oqr nAte ~ad t6i~ and ~iid
E; eosf~, e6sr~e~. ~ea~~ea~es ~b~D be immediate~ dns arrd pqabis and ~ hs ~eoural bq t6e lien~
~~moetpp~ ~
I
~ + 7. 8~ w3D aon~3nuo~rbr mdntaia hasati+d insnranos,~ ot woL t~ps oe~pe~ and sawnat~ a~ ~ort~~es eW
4om dms to ~ims requ~+ss aa~ tLs impe+o~ea~snts aow ar Lee+eaft~ee ~ aid - ' and ezosp~ when ~ ~
~ toe aII ach premntrmo~ h~s tLerelo~tae+s been made undee ot ~~e will pe~om wLeu ~
• dns pe+emivm~ t~heretor. All insnranos sball bs ~ in a~n paa~s s;~~~ h7 P~
~ r~o~waL t~6~o~ sh~~ bs hdd b~ M~ga~es wd Lo~e sttvabsd tbersto. brp~rabls in i~~~or ot
~ aad 3a iorm sooeptabls to ths ~G~~ In e~en0 ot loe~ Ls will g~tis imme~ts m~os b~ mail to Mortg~ges.
~ ~ad M mw malos~~~ it n4t mads pramp~ br b~~ar ~nd e~ah ia~ut~na oo~nps~p
' eoo~oecned au aad die+eo~ed 1o m+~ios pyme~ ior wch ta M id~ead at ~
; . to Mott~a~or snd joint~~tbs iawranos praosedr, ot a~ Pai't ~r~~an~~
, at its o
ptioa ait6ae to t~ ot ths indebtedner Lee+eb~ ~ea~red o: ~o t~s ae at :
; E
a~
s
a~~~ ae In a~enti o t f
o
r
e o
l
o A m s o
i t
b
i~ oe o
t
L
e e tr
a
n d
e
e o t ~
i
~
l
s t
o t
~
L
s a~~
. ~s _
~ p~op~ in ' t ot ths in~debtAdner ~scnred . r1~t~ dt1~e, and intm+e~~ ot ths Mortga~oe
i n s
n
d ~ o a
q
~ i~ur~nos p o~
i
o
i 4 s t
i e a ia t
o
r
o s ~
L a
l
i pw to t
b
s p
n
r
o~ e e ae ~n
t e e. -
, 8., Ha will not eseaute or Sle oi :+eoord ~ in~snmen0 w~ich impae~ ~ restriction upon t6s rts oe oocu-
. p~1 d~ P='oP~7 de~`bed Lersin on the b~w ot raos. oolor, oe crssd.
~ 9. If the p~emises, oe any part theceof~ be oondeanned under the powec ot emiaeat domain, ae ~oquired
' for a publyc use, the ~ awiu+ded, the prooeeds fcr the ~ ot, ae t~s o~nddentiou far wch aoquui-
~ tio to t~he eiteno of t~he ull an?ount oi the remaining uapaid ' ebt~edner ~eoneed by thu~ t~~e, ars ~
~~Y ~Sned to the Mar~gagee, aad hia hein or aeeigns, and diall bs paid iorthwith 10 ~sida~M
' ° ar Lis ee to be ap ed on aooonnt of the Lst msEuring i
n s
t a
ll m
a
nt~ o i s
w~
h i a
d
e
b
t n
e ~ s • pro~
i
d
e d
a~
~ eve~, t
h~aey~a~e or~ aseigneer may sY b i~ d i~
c
r
e
t~oa pay d i r
e c
t t
o t
L s M
o
r
t
g~
o
s, e
i
r
s o
r s
s e
i
g
a
s
~ aqy part or all o
fa~ch aw~ed;~~
ded, that it tbs la~n i~ gwrsateed a~ iawrad, tbe con~ent o! ths gnaraa-
{ t~or ce insurer is obtainal in ad~~a~oe oi sdd en~. '
10. Tbs Mortgag~es m~Y. aL an~r ~ims ~gy
a wi~ npon ibis appl~ to tLs oonet hariag jiuisdi~- i s
~ don thee+eof for tfie ~p iatmenti oi a reoe~ver~ sad a~h aourt sLi11II~ a4poini a reoeiree oi the premises
; oorered hehby ail ~singular, including ali ~nd s
i
n g u
l
a
r t
6
s inoome, P o Hta. a~, ~
n d re~et?uea f
i+
o~ n w
h it- '
e~ ~onroa d~nved, each aad ev ofw~c6, u espreealT nndentood i~ Lsrebj mortgag~sd ~s ii speciBc~ll~ ;
~ set forth and described in t,6~e,gr~aati~ aad h~nm dawes bee+eoi. ~nch appoiat~eat ~hal1 ba made b~ ~
snch oourt a~ an adtnilted equ~ty aad a auLt~ oi sbsolute riQL~ w. ~':s-s
w'.. L~a•~ :3
eq s
~ ~~~7 ~9 oi tbs ~dne oi tbe P='oP~7 ar to tLs ~oi~e~c~ ~ insolveaap of ~si~
M ~go~ or t}~
e d
e
fen
daa t
s. S
u
c
h reats, p
r
o ~
fi h, ui
o o
m
e. us
u
e s, aad ra~enuer ~hall be s
p
p
l
i e d b
y wch reosi~ _
~ to the lien oi th» and t6e pnctice ot snch oout~. In i~6s eveat ot any defaul~ on ths part
: of~at7h~e
~gortgagor hereunder.~ortgag~or a~c~es to P~7 to ths M oa detnand a a reasonabb mant6l~
' reatal for tbe pnmises aa ~mouut-at least eqwval~nt to o~ne-iwdtth oi tLs~s
te of tha twelve awnt6ly
iastallmeab payable in tbe tLea rurernt yeu plw t6e actuat amo~mt oi ths annuat taxes. as~ermenta, wat~er
~ ~ > rat,es, and insunaoe pnmiums iar wch year n~oL oov~+ed b~ tbs doraaid anontbl,~ paymenta. -
` 11. In the e~~?t oi any breach oi tbis mo~ c~r defanl~ an tbs par~ ai tbe Mostga~o~r, or ia LLs s~est~ '
f ~ ~bat an~ oi..id n~ms oi mon. L~ereia r~eered ~o not ~~.ad iuDl p.d.~ooo~ding sa tLe ce~wr bereoi
~ in the avent tbat e~ch ~e~ery ~the stipu~ ~eemen , oooditioaa, an~d oorem~ants oi said nots aa~
~ t,6is~ ~ ars not duly~ I~romPtly. ,aad i~tj
~~torined or~ th~ Mortg~g~or bs adjudicated banktup~ ee~
made detendmt in a baakruptay or reoe~ve~hip p~+ooeed'm~t then in either or au~ au~ a~ea~, the ~aid agge+e-
~ ~
: ! gate snna meataned in siid no`e theu u~g unpaid, witL iat~ere~t aaxtaed to that tima and ~ll a~one~?
~ ~ ~ecu~+ed l~ereby ahall beooaee due ~nd pay~ forfh~ or therasisti
p~n~lat,ed t~bs ~ Qa we~~~ ~s
t : tully aad comp~etely as if all tbe s~d wm~ of
t6ing~ia ~aid note or m this mort~ag~e to tbe oontra~notwilbstaa~ding~ and tLereupon or s6 the
opt
n
a~
+ ~ oi sud M without not~cs or demand, siut at law or in equity~ ms bs pro~ecuted as ii ~il monevs ;
~ecured henb~~~ matured priot to its insututian. The M nuy ~ira~,lo~s thir mortgag~e, as to Ebe ~
amount ~o declared due and PaYable. aad tbe esid prami~es ~hall~sold to wt~~ aod p~~ the aune tug~etbar '
~ with costs, and allowanue~. In case of partial fosed~osurs ot tbis morigsga, the mo~t~~~prrm~ses
~ ~hall be sotd
su~pbjec~t~to tLe oontaauing lien oi thia mortgags for tL~s aa?oun6 of the nebt not tba? due
ud uapaid.
; p~~i~s oi this p~s~a~ ma~ ~am bs a~a7ed oi tLereafter from time to ti~ne b~ tbe
` ` iZ. No wai~ee ot an~ eo~eaant ba+sin a ot tbs oWigataa ~ea~e+ed ha~eby ~haU s` aa~ eime thereatter br
` ~ l~e3d to be a wnivee oi tbe terms b~+e+eof or ot the aote ~ecured Lersb~. _
~ 13. T6?e lien of tbis ins~?t ~ha11 i+eavaia ia inll foroe and ~eet during w~ post~wnement or e~ctea~io4
•
s ~ ot tbs tims of p~ym~t ot tbs iadsbtedne~s a~ aa~ p~rt thereoi ~ecured ba~ebj. ~ ;
E . 14. 1~iis is givai to sec~e+s fbs purchws mone~, or ~ part tLe:+eof~ ot t6s lands he~+ein de~cribed~~
Zi
and i~ ezecuted~~~di~e~+ed ooot~emp~aaeonslj with tLe deed theretee.
; I b. It iLs Mo~rtgag~or dataul~ in ~n~ ot the oove:~~nts ot agree,~nents aontaiaed he~+ein, or ia taid not~s, tbea x
' tbe Mortgages may,p~torm t]~s sanu~ and sII e~paiditura~iacludwg ra~onabia attoeney's tees) mad~e b7 tLs
' ! Mc~t~g~s m~o~ sball dnw ~ta+eat at tbe nte pe+o ed for ia ths principat indebtedae~s, ~uad vWl
: •
~ ; ~ rsp.~
y_abls thisty (30) a.Js .fter dem~nd, aad, togetl~er witb int~ aad costs aoerued ti~ee+eoa,.LaU bs ~
~ ' b~ tbi~ mortgs~s.
~ ~ 18. IIpon tLs reque~t ~t ibs M tLs Mortgagoe sh~ll ezeeu~e and deli~ee ~ wpplema?tal aote oe
E ~ notes fae tbs sum ae auns ad~aaond~Mortgages tor tbs alteration, uuproremm~, main~••
~ ! tanano~ or repair oi said pe+eimiies, tae ta:a or area~uats a6sinst the ssa~a ind toe an~ otha purpo~e wtho~-~;,;;~
~ ; ised h~+a~mdes. S~id note or rwtes ~hall bs sec~u~ed ber~eb on • p~~n~t~~ ~rith ~nd ~s t~ll~ ~s it tbs adranas
, ' e~idenoed tLersby we:+s ioaluded ia tLe not,e &st dacsibed ~~s. Said wpp~laneat~i not~ os aota ~hhaU best
~ i ~