HomeMy WebLinkAbout2339 .n ~~.~.pa ~ ~ ~a, p~r .Qa ~iq? ..a ~a: ~.c ,.,a ~a ~ ~ ~ .n
; t}~a~ m~i~..neh t~er ~ws~o~ b~ p.dsoc°e~'i,: ,impk t~s ~,.w Ima ~ t6s A~wd.tioa at m. re..oaabl~? be
~ .Aa~. ao n~? ~.~c a~ e~ m ..~a ~a .na ~ a~a ~ ~ .~c ~ ~~?fia a.~ ~
~
PROVIDSD ALWAYS dut if the M rq sball wail and trulY paY unco the Aasbc.~i~?tbo. tbs indebtedne~s evid6~~oed
by th~t oe~ta~ pcomiaoq? noee, aE even d~sa l~x~~, m~d~ by d~s Mo~tgigas aad p~yable ~u tbe ,As~O~ cistion, in the princ~al
FIFTEEN THDUSAND AND NO/100 15 000 0~
sum oE ~_..._.r_._.._...__.__...~ -----•._Do~1~rs (i g,
whk6 nota, fiogether wlth intae~st thereon as th~da ~bd, is payable in moatDll? iwhllir~eb of..
ONE HUND~tED SIXT~EN AND NO/la0 116.00
.............__..._____-----------------------------____Doilan (i-
~ cbe.---.~as~____.~aar o~ ~ ~,~g Mg~h 3, ~ A~~ ~.r~,
~ ~ ~ a~~ ~,c ~ m~c, .Aa a,~ ~ e~ ~ma~, ~u ~a ~ ~ ~a m ~n, ~a ~.n ~
F .~?ith aaa by ~ aaa every? a~e i~t b, oonditio~u u,a covao.nb af s~a p~+~~say
n~ot+e
.aa
aA advairoes n~~de ~tbs~~m to tbe M ar t~ suooeaon in tttln, fa~ an
a
y.nt~~e~befoes~
le e and amoella~
af this matgpga, bnt at ~~sh%ll th~s mortgage sec~ure adv~noes eyn
ao~t
of said origionl ~obe ~og~tl~er with snch 4dditjaul advancea in a mm In e~oesr aE_._.___.______ _
F'I~TEEN THOUSAND ~1D ~j~,,00 •------------~Ilus (i--15-.QIlSL.QQ.-).p1us say advanoGt necasary
to p+oteet tbe senufty and oo~ts, tbea t6h cleeti wd tbe dtate baeby a~eated s6a1I ca~st and be nni! and wid.
AND THB MORTCACORS DO haebryr a~veoa~ and asree: .
1. To pay aD aad dngular tbe prmc~al and intee~e+t and other timns of maneY PaYabla bY virhie of said pro~aissory noee
ancl thii mortgage. aar either, promPdY on tfie ds» re~ectivelY tLe same seve~sDy oome due. ~
S. To pay a11 and dnguLr tbe ta~s. aaet~m~ntt, 1ev1e~.14biUties. obHBatioos aad incumbrancas of ev~ry nat~ne and luad
now on said dexn'bed p~opeity. ~ d~at h~afta wap be~~klF~wffa~ed,~x p4oed, levied, ec asses~ed thereon, ~ tbat b~+eaker
may be Ievied ar a.sse~ssd-upon ti~is,Nactg,ag~, ac t~e ~ ~ued ha+eby, a~ch and every, wban due and pR bk,
aoo~d~ bn ]~w, befare tbey beooa?e ~l~uueo~t, and betoe~e any it~ attaches or aap i~ i~c+ured; and ~ as
any 8~ereof is af i~~ocd the snme sbsIl be pc~omptly satlsfied ~nd di~charged oE neooi+d end t~otfatnat ofBcfal doc~moait (such
as, for 6~tance, tl~ ta~ctealpt or d~e aatt~ction papac o~idsIIy axtafsed o~ ~tifiedj shaU be plooed in tbe ban~ of eaid
Assoc~iatioa as l~octgagee vvi~in teu days neoct aftes poyme~qt; and in tbe avent tbat any tbereof 3~ not pud, ut~ied ond di~eharg«l,
said Assoclatlon aaay at any time pay tLe sune or any part thereof v~dthont waiving u~ aKec~ting anY ~P~. «1~Y bb
undet ac bp vitrtoe af tbts M en~ the fufl amouat of eacb and evr.ry snch payroent sball be d~e andpay~a
and shaII beat iate:+est froan ~~~be tl~ereof umtli pJd at the ~ate ~tated ~ the nota savred hes~eby~ yvith soch inter-
est sbaD be secvred by die lim af thi~ Mactga,gQ _ _ ~
3. To .keap tbe buildin~ +tad all eqdpa~nt aad pessonal proparty naw ar h~a~Eter, on said p~+enni~s coroered by tMs
~8a80. ins~n~ed in a sum eqnal to st lea~t dre amouat a~ the i{e, ar an amo~mt suf~ent toc~gty wid? any co-imur-
anoereqwremaa~t oovering tbe sa~ne nncier tbe Lws of tbe Shte of ~~da, cave~ag bsa laruat both fi~ and atoim; maldng t6e
loas under said polieie~, cnrh and evay. PaYabie-to the Assoc~atioq as moe~igage~q as its iaLerest m~ appear, and said ina~uance
shall be am a~ood and r~spoos~ble in~uanoe aon?P~Y ~~~Y to said Assodatioo, at?d vrrittan ~by a'~~~ bal agdnt
satisEactory to said Aasoeiatio~u; and tbe policy or polKaes shall bwr a standard moctgage daute vvlthout aon and sfnll 6e
h e
l
d by t
b
e A a
s o c
f
ation, a a
d, i n t
h e avmt anq suim ~ aweey b e o o
m
a sp~ya
b
1
e~ ~ m
d
e
r s
n
c~ pdiey a~ po2icia, d,a Assodstion sball -
have the opt~oa tu reodv~e and apply tbe same on aoooanE a£ tbe indebtednas hrreby s~cv~+ed, or tu pa~antt th~ gors to.
reoeive and use ik ar anY Part tLereo~ fas ot~er purposes, w~dwut tbereby watviag or imp~ng +~nY a4~Y• ~4 ar g~t ~
and by virtue of tbis mort8a8~ ~~Y P~ ~ P~Y for ~snch'insuranoe, or u~y pait t~~ereof, without w*dvjng ora~s~ eE c~g fts
option to foreclase, or any right l~u?der, and tba futl auno~mt of each and every snch paycQent shaB be iao-mediabely due aad _
PaYable and s~at~ bear intenst from the dace thanof until paid at tbe rate atated in ffie noee secvred hereby and mgetber wlth .
such interat shall be see+u~ed by the lien of ~hb Mactgage. .
To pesaut, oo~mit, or wffer no was~, impaitm~at or deterioration of said~prope~ty, a~ anY Port thereof. aad upon
the failure of tbe matgagots to keep tbe buildings an aaid pe~opesty in good ca~dition repair, the Assoai:tioa awy demand tbe
immediate repair of safd b~dl~ or the inimediaee :+epaym~at af the debt bereby sec~ned, and the h7ure oE tbe moit~s
to oomply widi said deawnd of the Assodation far s period of T~aty (90) days, sball con~itute a breach af thb n~~q
and, at tbe option of tbe Associatiaa, immediately matut+e the entire amount af pri~l and interest~~,y secvred, -
Asaoclatbn, inamedi~y at?d witbwut notice, may iostitute pe+ooecdinga to foreclose thts maet~age and applv ~or the appointoxat
of a Receiver~ as ~afber pro~v~decl,
~ 5. 1~s mo~e eo~ract pravldes foc additiooal advancee whicb may be macte at tbe aption af tLe a~oeiatioo aad
bY ~~ga and it is a~eed thac ia the evmt of snch advanca die amount m~y be added to tha matgage debt
snd shsD ~nare~se tbs unpeid b.Linos of tbs nofa bereby seom~ed by t~e atoo~mt af mch ~dvaace and sLr~ll be a part of said
note ind~ebbedneas wide~ all t~e terms of snid m~e and tLis oondsd as fully as if a naw? ~eb not~e an3 oontr~iet were e~oecvted
ana aeL'verea. M Aaaftiaosl aavu,oe ag~ee~ent m.y 6e g~v~en .na ,ooe~bea ior s~h sav.noe a~,a pa~vidon m.y be a~de for
differeat manthly PaY~neab ~nd a d~e~eat intaat :ate aod otber~pr~ modiHatiom ef die oontraat, bot in all od~a respec,~b -
this contract sball reaiaia in fuD foroe and effect as to said i~x~~;l~tednest, i~s all advanoet.
- ~
e. r~ ~y ~ c~e ~ ~ ~m ~~a ~ ~ noc r~r ~ ~h? r~ ~ '~r c9o) a~y, ~c ~c~
"the sune seraaIly coms aue and payable, or if e~cb aud eveexyy tbe tions, ag~reen,ent, oond~tioo:. and aoveoaab oE said
e
promissory note and this cieec~ or dtbar, are not dol~r p~oemed, ~r~th aad abided by, t6s ag~ne~t~e mm mantiaoed
in said prominoc~? note and anq otber amotmt ar amouatr acided to d~e ~moctg~e indeb~sdoeas niod~+c tbs tara~s ~ tLb moetgage
~aD beooaie due aod pavsble fortbwith ar tbeQeah~r at tbs option af tbe Assodatioo~ ~s fnlfy and aomplebely as if said sgg~te
-~m°n°Y was rt~lsted to be p~id oa ~ch day, ~aythiug fn sdd promi~oey tw~be ar he~~ein to the oontrary noc.
&
To deliver tu tbe A~oc3ttba, on ar be[ae March 15dti of eaob Y°~, ~~Pb ~8 ~ P~Y~ of ~aTt hw-
fuily taus far d~e pceoeding c~laxiarya~r;~a ddiver to tbe A~toristion reodpb evldeoeing die p~raent af aD }ie~m~
: ~ P~~ ~ nfoety~(90) dap ahar tbe s~me dwH beooa~e dae and p~pabb, aod ~ pay or di~c~rge vvithin
~
i? r ~n ~ k
v
j
e: t
L K m a
y? b e i
o~
d e a n t
1~ m
a~
e d p r
o
p e
t t
p, o a t
h
i
s m o~
t
g~.
g
e
3 ae note, a~r in aq? other way resultLhr, fi+om the a~ort
?~gs indebbeanes sav~+ed bq t3~b moet~e,
~ 0. F.'
~ ; e~~~ 111 f~535
~ ~
. .