HomeMy WebLinkAbout1606 .t ? . i. ~ . . » ` . ~.+r - . ' a~ . .
. ~ ~ I
. ,
p~men •h ,
_ the deR°enq~. Snch t ~hait be made wi~un t6irt~ (30 d~ atter written ratecs
st~at3ns the ae~ni a[ tbe da6aeao~r which 4oucs m~~ be Qven b mail. Ii at ~
slu11 t~endee `o the Mortg~ges in aooQrdancs with t6e pro~inons ~tbs nots ~eawbd ~
; , ~ ot tbe' entirs indebLedne~s rspreeentAd tboreby, ths Mortgagea ~s tawtes s4oii, in ooa~p
wch indebtednaa, a+edit ta the ao~ouun0 ot tbe M s~r exsdit bol~nos ~
ot (a) oi ssid~an~g~ph Z. Ii thers shsll be a det~
er aay ot t6s providow~~~
wi~i
ia ~ public ~ ea oi t6e premisee oovered hereby~ or ii the Mor~s~s aoqwre~ t6epro~
detaul the M as trw s6aU
the time fhe ~ t°° ~pp~y, ati the tame of tfie - oe~?ea6 oi w
property is otherwise aoquired, f~he amount tbea rsm ' aredit oi Ma
~~~,pre~~~ ~crediL aa the iaterest aocured wd uapsid ~ We b~lwoe i
4. 8s wlII pqr alt ta~ ~meot~, wa~ee aed ~6ee~o~a t~i a muoto~
. a~
an~d
t~ d~eilr~ee ~nd ia ~tiw~It
f~l~eteof tb~s ~
. P~'~PW? reodPts t6~reloe to ~6s Mati~es,
~ 8e w1II peemit, oommit~ a wdte: aa wa~ie, i~?p~temea ae de~etioastioa ai nid pe+o~peel
! eoooept re~o~~
bis wear and te~r~ and fs ibs erent ct ths ct t6e bdo~o~ to 1~esp
peemi~ i~as to bs ereote~ ao Mid pe+ea~i~es„ ae ia~pe~ove~neat~ tl~et~eon,~~ th~
. msbe w~oh rep~ter as ia its di~aretioa k m~y deem aeoaeaarir foe the~e~opee
; at aoh and eve~? sno6 py?men! i~aII b dw aod p~yabk tbir~l(eo) d~ ~ttAe demsnd+ a~
~ " tbs liea ot ~ moctp~e. .
a $e.~t ~?.n .tia ~u~ t~ .aa m~ ~,.ws u
ot.b~r~eb oi titis, #neurrea a p.~a ~?t.np? t~os
b
r
t~art~s beoa~e ~f we t.u~re on tbe
~ a
eo~d~?e~p~y ~e~p~ ~1l be immedtute~
,~due and p~ab a~ad ~ieeut~ed b~
ttb
4. Ss wIU oon~nnon~ msia~+ain luwrd iaruranoe, ct woh t,ps ot w~d amoua~
4om dms to ~iavs reqnirs, ca~ tL~ m~pro~an~eats aow or hereattee at? aad a
~oe all ao6 p~sm~r La~ tberetators besq made under (a oi ~ 6~oi Ls will
~o s
dosan,~ p~+eminms tbs~tor. All i~ur~acs ~hall bs.car~in ~
aie~ and rsnawal~ ~Leeeo[ sLali bs Le~d M
h aad Lu~e~~he~ b~s~p
~~~o
a s
aan~~d Mform ~oosptabls Lo tbe M ~ In~~~oi loes Ls will ~~s immediate no~ios b,
m~ mak~s it not mad~s ~o~np b~ M and e~
eono~aed w~~~and di~Ct~d to m~e pwmaa~ior sn~h~~~~ t~o ]
~o Ma~r and artgage~ , and ths insuranos P~. W P~ ~41
_ t~ges ati itr opdon dthsr tio of ths i.adebtedaeee Lsrsb~~ ~eau+ed or ~o t~s rs
tbs p~+opec~ dama~ed. Io e~an0 of torecZoars oi tLis mo or ot~ ~ad~ at t~
p~op~~in ~ oi ths iridebtedaee~ seaured bereb~ tight~ tttis, and iatei+
in ~ad ~o aa~ ~suranos puii~ies t~en in ioros ah~il p~ss t~o fbs p~u~ee +oe pantes.
8. He will not ezecute or Sle of reoord any inatrument which impaer ~ restrictioa u~
, P~7 PmP~Y de~xibed Lereia oa the basis of r~uae. colar~ or ~reed.
8. Ii the premiaes, or any psrt theceof~ be condeaaned under the powar of emineat
' tor s public use, tLe ~ awarded, the p~+oceed$ for t6e ~ of, ae ths oons~denl
: t~an, w the eutent of the Wt amount oi t6a remawmg unpaid ' ebt,edaas seaured b
~ . - hereby assigned to the Mort,gages, aad ~is hei~ ~ assigas, ~?nd thalt be paid for~h~vi~
ast l~is ~ee to be applied on aa;onnt of tbe last matunug inatallments of such indebl
ever, tLe ort~gsgee or his vsignee; m~y at Lis disc~retion pap direct to ths Morfgagor,
~ aqy part or all ofsucL awsr~; provided, t6x6 ii the loaa ~s gwranteed or insnred, the oa
Lor a insurer is obtaiaed in ad~ance of said ymenk
10. 1Le Mortga~gee may, ~L any tims ~e~g a suit upon thi~s mor~ apply to tbs ~
~ion thm~eof for tbe ap int~anan~ oi s reoaver. aad su~ ooeut sL~11 fortiiMnt~ a~pomt ~ re
oo~ered Lanby all ~singular iacl atl and f~he income
ad
sver souroe d~red each aad ev d~ it .~n6u1~ , P~'OB~. ~°es, and
er~' w~ch~ ~ng e:PraalY underatood ~ Lersbj morq
aet lo~th aad described in tbe,~?tin8 aad }ia6eadum clawes Lereof. ~uCh appoiatm
such oourt as an admitted eqwty and a au?tt~ of ~bsolute ri~t ~o said M
tbe sdeqwcy or inadeqwcy ot the ~atue of t~ Pe'oP~rty martgag~ed ar Lo tbe~iol~ie~cY
M or the defwdants. SucL r~b profits, income, a~ues, ~d rsveaues ~La11 bs a~
a~ao~i~to Uu lien oi L6is nwrt~~,~e an~ tbe practios oi suchogu~r~. In tLs even~ oi a~
oi the Mortgagor hereunder, the M-~rtg~~or a~~e,es to P~7 to tlse M aa demaad a~
remtal for the premisea ~a amount-at lwt equivslent to ons-tiweslith of ths ~gste
iastallsne~nts payable ia the thea curret?t yesr plua tbe actwl ~oun~ oi t6s s~n~nwT t~a~u
~n
; , nt~, wd insur~noe premiums for such year not aovered by tLe doraaid m~onthl7 Ps3R
~ i 1. In the even~ oi any breach ot thi~ mortgage or defsult on the part ot ths Morf
tLat any oi said sums oi monep hex+ein refennd to be not p~mptly aad iWl~ psid sooordi
or ut tha eve~nt thst each and evety tbe atip
uLt~ons, a~reameat,s, ow~ditaons. and o~ve~
this mortg , sre not duly, W'o~P~Y, aad fully pertormed or ii ths Mortgagot be ad;
; made dei~int in a b~a~rup~ ~ reoeivenlii~ pmceedings~ tLen ia eitbec ar ~ay wch
; i 8ste sum nuationad in said note iba~n gnapa?id, ~ntb int~erest a~ocrued t~ tLa
- ~eeured henby ahall become dus ~ad pa~ya•b~le
fortb?with, ~ thereaiter, ati the ogtaa
~ fully and comp~etely as it ~Il tbe ssid sums of moaey were originall~ stipulated to be p
~ of
$said M note or m t2us m4rt~ag~e to t6e eontrar~r natwittestandiag; ~ad tLereupon ar tl
o~rtgagee, without nottoe ar demand, aui6 a~ la~r oe in equit~p, may be p~+o~e~
~ amo~ so~decylared d~~able its iasututi~. The M may iirec3as tb
~ with coats P~Y , aad the ~aid pnm~ees ~haU~i~oid to ~a4dy aad
; ezpenres, and ~1lowanoa. In case of part~ial fonelosurs oi tLis , t~
, ~hall be w3d subjec~ to tbe oa?tiauiag li~ of this mo~tgage fa~ tbs amount oi~t no
F~ tbe provisiens oi tL» Pan~graPh maY agau~ bs a~a'Isd ot thece~it~r ft+oi
iZ. No ~rsivae o
i aa~ o~~a~ani ~ ae o~ tLs ob~igat3o~ aeonred La+eb~ sb~U at
~ Ldd to be a rrairu oi tLs t~ms I~ereoi ar of tbe note secursd Lenb~.
~ 13. The lieu oi this iastnumeat ~hatl remaia iu full foros and ~ect duru~6 +~Y P~
ot ths time oi paym~n~ oi tl~s iadebtednees or any part N?ee+eoi ~ecared hereby.
14. This mo gage ~n gi~? to sa~rs ths purcba~e monsy~ or s p~rt tLareat, ot tbe
~ ~d i~ esecuted ~ad dd'evered ooute~npotaneo~aiP witb tLe deed tl~retee.
. _ tb. It tbe Mortgr~gor detault in any ot the oovenant~ or ~nents oontaiaed lu~
t6a Mortg~ee may perform tbe was, aad dl espenditue+es ~includu~g W',~P~ ~
; M ~6!~g~ m so dou~g shaU dna int~er~st at the nte provi ed for in ths '
I~' ~P~~f,~~ ~7 day~ atter demaad, aad~ toget6er vritL iaterat aad eata ~ocsued 1
; b7 awN8~6s• . -
18. Upon tLe request at tbs M t~~,e tbe Mortg~gor ~11 exeeu~s aad delivee
aotes fce ths w~aa or wm~ ~i~~noed
b~-t6e Mostgagee for ths ~Iteratian, moderais~tia
teoanos~ or repa~r of s~id peaannes, far taxes or ~sasmeat~ against tbs sams aad tos a»;
ised berauades. S~id note or no~a ~LaD bs ~ecured ba~eb at • pant with aad ~s
' ~rideaoed tLee+eby wers induded ia the note Sn~ de~csibed ~rs. ~
' , ' 0~~