HomeMy WebLinkAbout2849 ~ • v/,' .?;3'~t .
Ws deficiena~. 3uchp~ym en~ ~ha11 be made withia t~irf~7 (30~ dya dtee wri0t~ea noWoe irdm the ~ortg~gee
stating l,he ~moun` of tJ,s de8cieaa~, which nbtice msy bs ~ven b~ mail. It ~t an~ ~ibae ths ortgagor ~
ah~il tendee to the Mortg~aes in aooordance with the prov~iswar oi the nots ~scured hereb~, iull p~ymeat
oi ths eatire indebtednees repre~eated thereby~ t,hs Mortgsges ~u teuates ~ull~ in oompnting the aa:oua~ ot
such indebtedn~ credi~ to Lhs aooount oi the M r sny crediti balince t~eau?iau'~g ~under t6e provisious
oi (a) oi eaidp ge~pb Z. It tbe~e shaU be a det~
der sny oi t6e provisioas oi this mor~y~ resultin
in • publia e~?le
oi the premiaes oovered hereby, or it the Mort,ga~e~e uuqwres the property ot~-erwise site .
deiault, the Mortgsgee as trustes shall apply, ~t the time of t~e oomtneuoemea6 ot auch praceedinga or ~o
t~e time the property is otherwiso so~uired, the amount then reaa '~ning to, credi~ oi Mortg~gur w,der (w) ot
~ph nnpa'~d
on~sw~ T~iocredit on the iat,erest aocured und unpnid snd the balsnoe Lo tbe priacipst then
4. Hs will pyr aII taioe~ ~esmenfs, intee ra~ and oWee~o~eamm
t+1 a~ mudaipal ahacae~e, So~eey, ~e
s~
aa~d
tb t bs wIll pr
~r
d~elt~r~ie o8'iaiat t~eoeipt+~ f~+efor to~t~h~s
M~a
~~~~~~0 ~ A~ ~ ' '
~ He wil! ~mi~ aaco~?it, o~ ndte: ao warts. imp~irmeal. ae de~ecior~?t~ion of a~d pt~opeetjr a thereot :
: eooeep0 re~eooabls war and t~s• and in fba an?anmti ot ths fiilure ot t6e D~ p
a oef~aoe to k~eep tbs oa ed~
' premi~e~ and tLae to bs e~ecte~ ao ~aid pe~oire~„ or improverneat~ thee~a~on, ia sood t~epair the Ma'tp~ee myr . ,
t m~ioe w~oh re~aic~ ~s in ta disa~eaoa it m,y deem aeoeeeary far tbs,~P~ presesvstion thee~ea~ aad t~ fuU amouat - ~
r ot eaah and eve~r~r ad? p~ya~enL thaIl be dns and p~lsb~s tbiefj t~u1 d~s J't,ec dem~, an~ ~a11 bs aecured b~
tbs lien ot t~ ma~e~
en ~
d. He wilt ppr aU ~?ad dn~lar tbs eo~is, and eo~pe'are~, tududln~ re~o~b{a hw~res'i iee~ a~nd oosh
ot a6eRraab ot titk~ iaourred a p~id at aqy tims
t~o~t~~ee beosuse of tbe i~ilurs oa tbe pa:t ot the M~ i
pe~oa4pt~jr aad~u~? to pea~fo~n tbe a~ree~e~nb ~nd aoveosab ot ni~l pe+oaaiee~r~r notie and lhi~ and ~aid i
~ ~~t'6a. ~~11 bs immedi~Leb dne and pyraWs ~ad abaU bs secured by the lieu~
a~mortg,s~
7. He wI11 ooutinnu~ ma~n?tain Lassrd ine~raoos. oi anoh tJpa or~jpes and aaauat+~ a~ Mortg~ges my '
~an t,ims to tims req~rs, on tha impro~emena now ae hsi+eait~ec on said - and e~coept ~rLat p~ymenti
a aII a~ prsminm~ lw thee+stafoe+s been made undee (s oi ~ wiU '
~aFh P~U? P»a~ ~i?Lsn
a~ p~rawumm~ tLse+e~oi: All insuranos ~Lall bs ' ia oumpan~ea app~~ b~ ~ p~
d~s ~d ~ t~ereo~ eLall bs Leld b~ Mortgsges and ha~e ~ttachsd lhet+eto lo~a py~ba
1~~ in i~~or of
and in form aoaeptaWs to tbe M In event a~ bss be wilt give immediat~s noti~os b~
~ tio Mortgages,
asd Mart$,i~ss m~y make proat~~~ ~i neti msds :
hersby P~P~1? by Mortgag~o~rf and esoh wwrm°° c°n°paa~r
oonostned ~s sutbo~i:ed and dirscted to mak~s p~ne~ ior sw~ bes du+ea_ to M instead af
~ Mottgagor aod Mortgagw 'oin , and the inannaos prooeeds, or ~ par~ t~Lee+e~~my bs~ by ~?iorfr
~~ges ~i ib optia? either to ~~uetion ai tb~e indebtedaees bs~+ebj asoured os to t~6s restoaahoa ar repsir o~ .
tbe propaet, dam~sd. In s~eat oi forse~osnre~ of tbis mort~a~ or other trander oi tiNe to the mortgnged ~
proe~ in e~t~ngunhnneat ot tLs indebt~adne~s se~red Lereb~-
; aIl r~i~ titls, aud intere~t-ot the Mortg~~oe
ia aad~o ~ i~o~uni?os poliaies tLsa ia fons a~all p~~s to the pmt~ee oe ~rantes. •
8. He will not e:eaute or ffie of reoo=d an~ instrumen~ which imPose~ a resta~etion upoa t6e ats or oocu-
p~n~c~ at tLe Ps'aP~7 desctibed Lerein oa t~he bs~r ot raos, eolae~ oe ca~aed. ~
9. If t~he premises~ or ~ny part thee+ecl, bs oondemned uader tLs ~wwer ot sminent domsin, ar aoquired
iar a publia use, tLe ~ awsrded, tbe pe+oreeds for the of, oe the oonsiderati,on for woh aoquisi
L'an to the sxtent of the ull amoua~ oi the un ebt~ednaa ~ecured by t~his ma~tgsg~
here'by sesigned to t6s ~ • '
b~ortgsgee, aad his heira ar awgns, ~d ~hall be paid fort6with to nid M-
or bia ~ee to be appLed on ~ooonn0 oi tbe last mat~uring installment~ oi wcb indebtneN• pr~vided, aa-
sver, ths ar or 6is aaigaesl ma~ ao his diacretion ps~ direct to tLs b~~iortga~or, Lis ~ei~ or a~aign~
~a,y par6 or all~wch ~?wanl; pro~tded~ that if t~e losa ia g"v~ranteed or insnred, the oo~ent oi the gnaran-
tor or iasurer is obtained in ad~aacs oi wdp ayman~.
i0. The Mostgag~ee may, ati m~r t3ms ~
id
ng a suit upon t~ha ~PPt~ to ibs oourt h~ving ji~rixiia
tia? tLer~eei for the appoiatauneati of ~ reoe~t?sr~ aad wch oourt ~Lali i Mn a~?poin` a reoeiver oi the premises
, oorsred hareby ~ll and singular. includin$ atl ~ad dngular t~s inaome~~ PaeBt~ u~ue~, and re~+enues from wh~t-
ever wuros denred, a~ch aad evecy ot whieh~ it e~cpressly uaduat~ood is berab~ awrtgaged ~s ii s call .
~et forth aad deseribed in the ,Sran`in8 and b~um clausea be~eoi. ~uch appointment ~L~ll be
m~ade by
such oourt as an ~aitted eqwty and s nutLer of abwlute righ~ ~o ~~id Mortgag~es, and witbout refer~os to -
t~he adeqway ~ ina~eqwia~ of t,he ~atus oi t2u, P~'oP~Y ~ or to the ~ol~encp or insolvancy of aaid
Motg~g~ or the defe.ndsnts. Such raats, proSb, moome, ~ues, aad rs~e~nue~ sbsll bs ~pplied by such re~xiver
acoo~rding
to ths liea oi thiu rt~age ~ad tbs re xi
oi the Mo r hereunder the l~to ~t~°° ot such aourt. In tLs enat ot any default on tLe part
rtgag~o , rtgagar a~+ees to pay to t6e M oa demaad as a re~wnable monthlv
reat,sl for the p~ni~es aa am~ouati~~t least eqwvale~t ~o on~~weltth s) oi t~bea~gs
~s of t~s twdve monthlp .
in~tallments psyable in tbe t~ euerrat ~esr plus t~he u~et~ual amoun` oi ths aanwl t~xe~, are~nmt~a, wster
s~t~es, and insuraaoe pnmiurn~ for such ~ear not ouvered b~ the aiorewd montlaJ P~7m~~
ii. In tbe a~ea0 oi an~ ~+eaoh oi tlw awrtgaga or defanlt oaa ths p~ d the Mortg~gor, or ia tbs s~~t
; tbat an~ oi ssid s~ oi mon~ herein rsferred ~o be not prompdy and fiill~ paid~~~ to tha teaor hei+eof
~ or ia the evant t~?at e~ch ~everp tbe atip
ulations, ~greement,~ ooadition~, oo~mta Qi_s~id aote ~
f ~~~a~e,~~b d~7~ P~'omPVY~ .aad fully performed or ~i t~hs Mortgagor bs adju~dicated b~nkrupt or
made defeadant aalQUpt,ap or reoei erahip Prooeedinp' t~ m eithe~ or any such eveat~ the said aggre-
gate ~um mentioned in said note tben unpaid, w~th ~aterest scQUed to thst tims and ~ll nwney
~eeund hereby s6all b~ame dua ~~ad payable aMLwith, or the~atter, ~t t~e optian oi eai~ M , u
~ iully ~ad comp~etely u ii all tbe satd sums oi moaey ~rere origiu~lly s~ u4ted to bs paid on suc6~ang-
~n said nots or m t~is to the oon notwithstau '
~ fbin~ n mort~aga trsr~ ding; . theraupo~ or therestter~ +~L tLe ogtion
oi ~a~d Mor~tg~gre, withOUL not~e or demaad~ s~ut at kw os ia eqtu~y. may be ps+o~ecuted aa if sU mouevs
•ecw~ed hereby~ud matured prior to its instatution. TLe Mo~ uuy fi~raclose this mortgsge. Rs-to tbe
amouat so de~a~d due and puy~?~S, u?d the ssid premiks sLaU sold to wttissfy and p~y tbe ume togethee
oe
with oosts expenses, aad a1lo~ranoe~. Ia case oi partial foreclosure oi thi~ mortgaga, tbe mort prrmises
i ~ ehall be so~d subjec6 to tLe oontiauing liea oi tbis mortgage !o~ the aaaount of tbe deb~ not tben ue and unp~id ~
Ia sueh cw tLs pea~ oi ti» para4raph ao~7 s~a~n be sviuled ot t~e+eaf ter irom tima to time by the
Mortgag~ee. ,
iZ. No wi?i~er oi an~ oo~en~nt hersin ot of fbe obligstiou ser~u+ed ~e+eby shnll a~ aay t~inu there~tter bs
. bald to be a waive~ oi tbe ternns her~oi ar oi the note ~ecured Lereby.
13. 1Ls li~ oi th» instrumen~ sLaII renuia in inIl foros and eQect during ~ny poatponemeat or e:tensian -
at tbs time oi paymeat oi the indebtedaas or an~ p~rt thereoi seaured Le~+eby.
i»
14. 77i» i~ given to ~ecu~e fbe purch~ss moae~~ ae a pae~t, thee+eoi~ of tba tands hereia de~cribed
and ia e:ecuted eti~~+ed aontemponaeou~l~ with tbe deed tberetoe.
1 a. If ths Mortgag~o~ defa~l~ ia an~ oi tbe oooeaana ar ~+ee~me~ti contaiaed hee+ein, a~ ~n ~aid note, then
tbs Mo~g~g~se ma perto~a tLe ~ama, and al! e:peaditue+u~s (u'teluding reawnab~e attoenej's fea) m~ds b~ the
M m~o '~aD dr~w int~erest a~ ths r~te pe+o~ed fo~ in th~s princip~l indebtedans, wd dull be
~ ~1 C~~ ait,ee de~n~n~d, +usd, to~etber wlth'iatae+est aad oata aocsued ~hall be seeured
~
b7 s~rt~gs•
' 1. Upo~ tb~ reqne~ o~ tiw Me~s tir Mat~a~oe ~hstl eo~eau~e and dei~ree ~ wppk~nent~l note or
: ootes ~ tbs wm ae am~ ad~aneed
lby tbs Mott~es io~ tLs dterst~ion, awdeeaisntion, impro~~, main-
tenanos, oe ~ of aid pe+emiie~, ice tases oe are~mena ~ias~ the was ~nd tor ao~ otber purpo~s autlwr~
is~,d hst+snndec. Ssid nots ee note~ ~LaU bs ~ecw+ed bee+~bi on ~ p_~r~i~j with aad a~ full~ ~s if tbe ad~enes
e~ides~oed thse+eby wecs iadnded in tbs note Se~C dacn'bsd abo~e. 8~id~supplanent~l no~e orA~ita
~s~.~ ~ 44~
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