HomeMy WebLinkAbout1891 ~f' " ~~_'~~~r~'~
~ ~ . ~ ~ . ~ ~ • * ~ ' ~ ~ ~ N,
a~d ieWi'ie0~ pe'emiunw Y t6~e cs~w myr ~och ~Otee~t slull b~ credit~ed b~ t~t0 mwrt~a~ on,~
•wb~eQwst
. p~m~a~b ~o b~ ~nad~ b~ tlM a~o~tp~oe.~ h~ow~e9+~r, t~ _ manth~r ~1?m~nts ~ad~ b~ th~ m6e~t~ot ,
~ ~1~ ~~J ~ ~~w~• ~ ""'Ji+~w.Mwrr ~l.t ~ ~t~ ~4 ~`1,~T lalua ~ 1~amel~h _
~ • ~ ~d ~ ~ ~ ~iM IDy 1/~!!Il thA MlIM rhi~~~ ~ ~ ~O~ ~ .
~ ~ ~Ot ~YCh 1'~ ~l~. ~R~ O~t~~ ~~•i~ E!! ali0. u
' dats whe~n pit~n~ent
{ S~
at aa~ tlm~ !hs mos~e abaD teoder ~
th~ nart~a~ee i~n aooordaoos witb t6s provLions oi the not+~
~ r MCUnd ih11~?m~ at~ t~ lotire iDdlbtednlM reparesee?ted t6~b7? t1N ~os~a[ee ahall. in can` •
~ the amoaat a[ aach indebtednaa. credit to the aooonnt oi t,6s aao~rt~~or all tt ~ undar
~~e+opisions ot a~ at p~r~raph S l~oreo~ which the nw~r~ bas not beoome ~bll~h~ted to W~Y t~o th~
~ Federal ~~c and ~1 bil~u~oe in tunds aoc~uz?nlated nndsr t6e provisioa
' at (b) a~ i~id I! *.~.w aha~ De s det~~ a~p Ui th~ ~+rO~Pisi~s ai tbi~ t~ 1'~~ . .
r~3
a~ in a~ia ~?ls o~ the pe~emise~ oovered hereby or it tLe mo~t~es aoQn~iea~ A~
p~ri~
wLs ai~s d~anit, t~ shaD . st t6e ~me o~ tl~e t
~ tbs tims t6e 3~~~h~~. bslanoe thsn in the fWnda aoeum~~~
~ ahaU ~~~nst P~U?mena w~hich sball ~v~e n~ds nnder
(s~said p~ir~rapb. ~
4. That bs wiU p~,1? aD tn~oe~. a~ee~e~tr. ~ater ntes. ~nd other rave:omaatal or manicipal char~,
: ~oe~. oe' innpodtioos. fae wl~ich p~ovidoa hws not beea ms~de he~+einbe~oare, and in detanlt t6ereoi the mor~ ~ ~
~ ~~es m~1 P~ ~s wne; and that hs wi11 pt~anptb? deliver tl~e ofBcisi reoeipb the~c+etor to the mort~es.
' 6. ~ he wlll pe~rmik oommit~ or snQes no wasta imp~irn~enk or det~Ioratico ai aaid property o~ . . ,
a~o~ the~+eo~; and in tbe a~veat a~i tbe iailurs a~ t6e ~O I~ep tLe on said pr~mises ~ ,
~ and ~ t~ be erected a~ sdd pre~mi~a, ~ imp~+oaeme~?b in ~ood r~p~tru~
. the mort,~ee m~1Y :
~ msloe soeh rapsirs as in ib di~eR~oa i~ m~y d~eem neoeeaar~? ior the pr~per psre~ervation thereof. and th~e
- !hn amo~mt o~ m~ce sna a~vers .uch p.u?ment aue ,~na pa1?awa .na aiau be .ec~rea
. • b~ the N~en ot th:s moar~a~e. .
T6st hs w311 pa~V a~D and the eosts. cbsr~es. and ezpe~es. inclndtn,g rea~o~sbk L~er's _
' ~,aad oo~s a~ ~ ad ~~~y~~eu,~rrad ear pitid at an~? time by t6e n~~~ becswe oi the i ure '
~ oa tl~s p~rt ai t6s most~o~ snd l~~ll~ to perta~m tbs ureemanb oovea~ats of saidpro~n-
: it~ae~ nots and t63s ~~p~
oost~s,~ ciuuKa~,~ and e~pe~es aluU be immediateb? due and p~r- . ~ ~
abis aad abaII bs ~ecnredn~~ti~ tl~e mo~a~. ~
T. ~7ut be wIU tl~e im~te now ezistin~ ae hear~i~er ereetsd on ths P~+a~per~j?. ;
~ ~d as• ba re~i~ed fram time to time by the ~e ba b~ fire~~a~~r ba:ards. ~ ,
~ , ~altler. ~ e~?tin~ncies in a~h amoants ~i~~
uacb -~m~U? ba at~ich~ has . ~ ~
,
s~at b~eea~ 1~ereinbetora. ~ inwrsn~ahall be canried~in app~+o~red by m~ an~ ;
t6s poucies snd re~awab th~reo[ sh~li be ~eld b~r mo~t~a~ee snd ve sttact?ed thet~to P~,ya6~e !
eLw~es ia iavo~r- at and ia !~m aooeQtabie to t6e mce#~a~ee. In eve~t ~ ba_ he wIll ~iv~e imnaediats ;
ao~io~ m~il tio naact~e0. ana nuy malr~s p~+oo~ o~ loa Ii not m~de PranPt4r b~? mort~or. !
~ a~d ~ iasnra~os comp~ conoareede~s
hereb' authorised and dit~t~ed to maloe p~yment for and~ _
- Ior ~ tu a~ort~a~es insts~d a~ to ~nort~oz and ~e 3oint4?. ~~nd the inwranoe prooeeds, or
aiq? Mre~+eo~ m~1T be sPpiied b'l mo~ee at ib opti~n~~ ettl~er to tlrs reductian oi the indebt~ednen
~~j
secared or ~ the re~ora~a? ce r~r of the da~a~ed. In av~t oi fo~closar~ of ~a f.
ar at~ar trao~ie~ a~ ~itis ~o tire ~r~t~? i~ e~i t ai tire in+de~tcdne~s ~
, aD t, tit10. aud inte~est o~the mork~ i~ and to siyt~ p~ic~es t~ ia loros . .
.~sn to t~ o~ ~r~n~e~.
8~ That tbe morp~es a~ui?. st sa~? time p~ins s aoit npon this morl;a~ ap~r to tLe oonrt ha~-
reoe~v~ar~prean~ises oo~~ h~ aD atnd a reoeivetr~~~aU ~d sbaA ~
wl~
P~
. iaue~„ and i+eveuaes trom wlut~ souroe d~mr~w~eat~ and a~ ~ t~bein~ e~cRress?y nnde~ .
~i
sbood~ is irerebq 8~a~~p~d ss K a~~~d6a~ setio~rth and de~ciiMi the aud habendmn clanser
- and weh abaU r`rs a~1 the bz+o~d and ~ecHv~s and powrers in anywiss
e~en~l~d b~ s oourt to a s~eceiver and aud~ appo~ntme~t du~U be made by snd~ eourt as an ~dmitted
~t, and a matter oi abiotnte r~ht ~n s~id aud withoat reterenoa to the adeq~acy or in~d-
eqa~ at ths valne of t~ep~o~t;~ oe~~~ ~~solv~ee~q? or in~olvenq ct ssid aKU~r oar tLe :
deimd:nb, and thst ~ renb, proQt~, ia~ues. and :+evennes s6sU bs ap~Iie~ b~ t+eo~vmr :
~ t6e lien a[ this and the practioe oi soch court Ia the a~vent ~ any dei~alt oa~ the
• ~Le~+en~i~r~~ mort~oe a~+eea to p~p? to tLe on damand as s rauo~ . f•
. able mont64r~~~~tal for tite an an~onnt at lesst equivaleat to ca~a~ o~ the a~re~ste
~ at ths twetve mo~thu?. insta pq?able in tl~e th~ wrrant ~esr pins the act~l amoant oi the annnsl
~q. a~ts, wat~r rat~ and insnrsnos p~+emimns `ta~ sach year not oave~+ed b~ the afo~esaid "
month~ p~meab. • -
8. The mortgago~ fnrther eoveaanta thst ahonid tbia mortga~e and the note aecured hereby not be
~ eligible ior i,nsuranoe nnder the Nationsl H Act vvit6in ~0 da~
ya irom the date ~ereoi
~ (wrltten stat~nent a~ aqy o~o~r oi ttie F~~ Hopsin~ Adminiatrati"on or authorised a,~eat of t6e
Federal Housing dsted snbeequebt to.the afere~aid time frotn the date oithia
mortga~ge, decliniag to inwre asid.note snd thi~ ~awrtg~e. beia~ deeaaed oonclasiv+e proo~ oi s~xh i~
di~ilib?). the mort~g~ee oz ttre hdd~r oi the note m~~y, at ita op~ian, decLre sU sams ~ hereby
i~oa~ediately due and p~yable. ~ ~
_ - 10. Thst (a) in the eveat ot a~? breac~i o~f tfiis mort~sae o~ defanlt ou the psrt o~ the mort~a~r cr ~
(b) in tLe s~rent that any oi said wms oi money her+ein r~erred to be nat pro~nptly snd ful~y psid ~th- _
~ ~ a~t demsnd or or to) in the event ~at eech aad ever~r the sti a~e+e~b, c~~di~o~s,
° .na aoveasn4 or ao~s .na thi. n,orts.~e, are not a~r. r .,tna ruuy perronaea; ~thea ia ~
E eitheir or aqy s~clt evea~ the said a~te sam mention~ in note ~n r~o~nin~ nnpsi'd~ with
intereat aocrued to thst time. and u moneya secnred 6ereby. shaU beoome due and p~ysbk io~th~vith, -
~r t6ereafter. at t6e _option of said mortQa~ee. as faUy and com~
pletely aa it sU ot the aaid ams oi money
w~+e orQinall~? atipulated to be p~tid oan auch d~y. thin~ in ~id note or in this mort,~e to the oon
' aotwimatsndw~: and t6er~eup~n or thereaiter, st~e optwn a~ ssid mort~,a~ee, rvithout n,utioe ar
de~o~s ~ . ~ .
~ ~ sait at 4w or in eqnity. m~?Y be ~ar+osecat~ed as if all awneya secared hereby bad matured prtor tu ~b inati- :
~ tu~o~n. The mortgag~ee msy io~+eelae tl~is mort~e, s~s to the snaoont eo declared dae andpsyabl~ and ~
` ~ the ~d p~niaes shall be aold to r~dy snd pay- t~e aame to~t~r ~vith costs. e~cpenses, and slbvvanoes.
~ ~ = Ia c~e vi p~al forecbsure oi this mor~e, tbe mor~g~ Premises ehsU be ~old snb~t t~ the eoo-
tiaain= li~a of this aart~s~~e for t6e amo~unt of t6e debt not then dae and napsid. In snch case t~e pro-
~ visia~s oi this P~ra~raPh ma3? a~ain be avaikd at theresfter irom time to time by the mo~t~~~ee. '
;
~ 11. Tbit t6e mortpt~or wiU /~iv~e immediste notioe by mail to t4e mort~ee M{e~?sno~ ~
e ~
~ ~ traosiec, or ebsn~e ~ ownership o! the p~+emiw. • 1V~ PJ'. r
~ g~,
~ ~ ~ ~ t6ee+~i'~tec~bt 6 ad
to
b~e
a~wai~~r~°t~rn
~or
~
~ a~'blig~
.ae~u~+eaewreda
~ 'lu° "t 'y' - -
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