HomeMy WebLinkAbout1869 . • . y
~d ~i~! hOSi. ~i ~M C~i! lliy ~~ZCO~~ ih~11 b~ Ci~OdfLOd b~ ti10 910?~jbQ OR N~~ilQ11~t
I ' ~ti ~p b0~a!!i~ ~ ~N I110~'~T.~ ZIOw~9!!~ ~14 =IIOII~ pyal~b ~li~ ~ ~ ~ ~
~ ~ 0~ paTisl~ _ ~ /bill ~ a ~t ~0 ~ ~'Mt~ ~ ~ ~ti '
~ ~~O~pC~~~ Y~YO C~M Olt~ whlR ~0 ifdN blOOm~ 1IIN ~ p~~~l! WN ;
p~ot p~ ~ a~ amoant neoeaar~ tio mat~e op t6~ dsbcienq?. on or ore the ;
d~teawlun p~t o~ a~chapti~i+ent~ t~er. ~b. ar insnranos D~en~imms aluU bs dua It
. ~t an~ ti~e ths aiort~a~ot' ~haU tsnda~ ~o ths mout~g~ee in aooord~u~os with tbe pro~vi~ioas oi the note
, aecm'ed h~rebl. i~11p~yn~e~t o~ the enti~+e rePre~ented t6e~+eb~. the a~o:t~ee sh~11. in com- .
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' ~ ~~?visiona a~ s) ad p~n~pr~ph S hai+so~ which the n~ur~ h~s no"t dbil~~ to PU? to the
~ ~~ni gousins and:qy baLnoe re~r~~iln~in iand~ aa.wmulated nade~r the provido~ .
ai b) ct siid 8. Ii lhers shall be a detiwlt ~ o! the proFvjs~ons oi this mo ~r~-
~ in a ssk af t6~s prami~es covered hereby or ii tlre nwrt~aceeao qnires tb~ propei~y otheti
w~as aitsr dsi~wtt, tha n~~~p~es ~a~~~. at t4s t~me ai the t oi such prooeedia~a or at
~ ~ ths time the prc is rwLs the ba4noe then in ~he i~nda sceumulated uader
(b a~ 8 as a credit hich ~hali hs~v~~i ~b~~in~ads under~~sai~d
~d under
~ nots ~il pr ?rp~ud a~U? P+~ . ( ) F~P~ - ,
ti, T6at ~rs will p~y aU buoei. assessmea~ts. vater rate~, and other` ~tal or mwiicip~l char~es,
! ' S
n
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p w
iti
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n a, io~r wbich p
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ovision has nat been made hereinbefore. snd ia deiault thereoi the mortr _
_ t~ ~U? P~1? the ume: ~~!d tL~t he wID pro~mpt~ deli~er the o8~cia1 r
e o e
i
p t
s t~
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r
e
for t~ t
he mo
r
t,~~ e e.
, 6r Tbat Le wiU pe~rm:M oanmft~ or wHer no waste, impair~n~et~ or dete~Ia~ation oi ~id ~roperb or :
an~r~rt thsreor; una in the s~nt c~ ttee i,dlni+s oi taie m~,~ to keer ttee on swa premise. ~
~ and ~o~e to be.srected oa ssid prmnises, or improv~ementsa tTiereon. in ~ood rebjp~ir~ ~nort~ee m+~Y ? ~
msloe wch repsira as ia its discret~oa it m~y deem neoeeasry for the pe+aPer p~+eservatwn thereof, and t6e ~ ~
ibD a~nount oi eadi and every wch p~Ynnent shsll be immediateyr dns a~ p~yabla and sh~U be ~ecured '
~ b~ the liea o~ this mor~e4 ~ -
6. Tbat he wi~l p~,y all and~~
1ar the cats, a~ar~es, snd espenses. inctndin,~ se~able la~ye~s'~~
iees, ~nd oosb o! abstr~rcts ad titla,3ncarred or psid at sny tinie by ~e bscause of ffie ~~31urs j,
, an t~
e pii~rt o~ t
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7. '19~at 1~ will the improvemeats now e:istina ar heti+eai'ber erec~ed on ths propert;y. '
. , insured asm~p be reyi~d irom time to tims by the p loa by Qre~ a a d~
i~ hazard~. ' ,
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- a
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e m inms on anch insnt~aaoe iae t as which p
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n~o! b e e a m u
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wsL thereo~ abaD be held b
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c~aures in tavor oi and in fosm aooept~We to the martQ~ee. In ev~t a! ba he wiU ~ivae immediats
~ nol3os by mail ~o mort~e. snd m~? mske prooi oi loes ii not atsde Pran?PW? bY mort~o~. ~
and e~h insnranoe oamWay can~earned hereby a,uthori~sd and dit+e~ted to mske payment ior wch .
b~s direct~,~ to mort~tagee inatesd o~ to mort~or and ~c~a~lky~jointt~?, and t6e uuursaoe proc~eds, or ~
: a~'o~ part thereof, n~? 6e aPP~i~d bY m~tga~e at its option to the reduclion oi the indebtednees
ereby seatred or to the restoratia? or repair oi the property d~nared. In a~vent at ioreclosure oi this
or o
t
her t
r
a
n s
ier o
i t
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l
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herebp. all t, tit3e. snd iaterest of the n~ort~a,~or in ~nd t~ aqy policies th~ in ioroe
; sluU p~as tv the puri~ or srantee. . _ ~ ~
~
& Thst tbe mort~a~ee my?, at any time Pe~ndin~ a suit upon this mo qy to the oonrt luv~
= in~ nrLd~ioa t6ereo! lo~r the appointaa~t oi a reoeiver, snd anch court~~~orth~vith appoint a
~vear a[ tbe premises cwe~+ed hereby a11 and . includin~ sll and the jnoorr~e. Prot[tt.
~ . inoes. and rev~eao~s ficom whstever ~onroe de~rtva~e~ch aad av o~ which,~~t
beribein~ ~ nndeiL .
. ~
b~~an~sach~ ~s6si1
hs~~the b~d and~e~~tunctio~~ poners in aqywise .
entre~s~ed b+y a oouit to a reoeiv~ and soch appointme~t duU be m~da b~r wch caut as an admitted
~ eqnit,~ and a matter oi sbaolute r~ht to ssid most~a~ee. and wi#hout re~erenoe to the adeqw~y ~ inad-
eqwc~? of the value o~ the or to t6e aolvm~cy or i~~soivenc~r ot aaid mo ~r u~ ths .
~ detendants, snd thst wch ~pr~b,~ isaueR and savennes ~6aD be sppiied by~iarch reoeiver -
to the li$n o! this ~~e aud the pra~ttoe oi sud? aoort. In ths evant c! aq~ defaalt on the
p~ mo " herenndern~ -tFe nart~~a~reea to p~y to the ~~ee on demsnd as s re~soo-
abk monthly re~ tor the un aa~onat at least eqnivale~t to o~a#welfth ('y'~s~ of ths a~r~te
' a~ the twelve montLty ' b psrsble in the then curreat yenr pius t1~e adwl amount oi the snntul ~ .
naze~ _ane~smenta. rrster rstes~ and insuranoe pare~ni~mas far anch yesr- not oo~vet~ed by the aforesaid ;
~ntd4 p~ynne~b. °
~ 9. T6e mortgagor furtber ooven:nta tlwt ahould thia mort~age and t6e note secured hereby not be .
eli~ble ior inauranoe unde~r the Nationsl Sousing Act within 3o day~ irom t~e dxte izereof
-(written statement o! any o8ioer oi th~ Federal Housin~ A' on or anthorised a~g~ent of tLe -
' Federal Honaing Commiasioner dst~ed subaequent tfl the ~~a tinae from the date oi thia .
mortgage. declining to inwre ssid note and this mortga~e, being deemed eoncJusiv~e praot o! snch in-
eli~ibilib?). the mort~aee or the holder oi the note may, at its option, declste sll aums se~wred hereby " .
_ immediately due and psyab3e. .
~ 10. That ta) in the event oi any breach of tfiia mor~e or default on tbe psrt of the mort~or or
' (b) in the event that any oi ssid awns ot m~o~eeY~herein erred to be aot p~roo4ptty aad fal~r~ paid v?~t~t-
out dean~nd or notice, or (a) in t~he eve~nt t6at ea~h and every the sti ~reemenb. oanditions, _
sad covensnts of aaid note snd this morkg~e, are not duly. Prom , and fuUy perforrned; then in -
either or any aach evenk the asida~?~a
te sum mentioned in sai note thea re~nsinins ~mpsid. with
intsr~t accrt~ed to thst tiwe. aad all ~a aeeur~ed hereby, ahall beoome due snd psysble icrt6with,
~ ~ or ~r~tter. at the o~ioa ot asid aar#~, as fnUy ~wd oomp~etely as i! sU af t~e tsid aunns oi muney
were orginai1y atipulat~ed to be p~id o~n such dyr,anything in stdd note or in t6is a~att~e to tbe oon
~ notvritlhstanding; ~nd therenpon or therEafte~r st the option of asid mort~ig~ee, withont notloe or de~aas
~ wit at bw or in eqaitY: my? be prosecuted as if all moneya secw~ed hereby hs~d malns~ed-prior to i~ insti-
~ tntion The mortgag~ee may ioreclose thi~s aa as to the amount so declared due a~ ~and
~ the asid premiaes shaU be eoW to sstisty snd psy~ssu~e to~ether with oosts. ezpenses, a a~ i o
w
-inoes. :
r ~ In caee oi partial foreebsure of ti~ia nartga~e. the mortga~ed premises ahall be sold sabject to ffie eoo- ~
: tinning liea of thia mort~xg+e ior the amount o! the debt nat then due and nnpsid. •In wch caee the pro- -
` ~ vLions o! thia P~aS~Pb
~sY sasin be availed- of thereniter fmm time to time by the mort~t~ee. ~
E
` ~ : 11. That the mortQag~r wlll give immediate notioe by msil to the mort~s~ee o~ au~ coav~eYar?t~R •
` trst~sfe~r, or chan~e of ownerahip oi the premis~.
~ . . .
~ , - 28. ~hst no waiver oi ~qy oovenant herein or os the oLlisation aecnred 6eTeb~ aua~ at sny ~
; thersaitrear be held to be s waiv~ of the tern~a bereo! or o~ the aote ~a~u~sd hereb~.
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