HomeMy WebLinkAbout2498 ~ . ' . " " ~ ' . . . . . . . . . a ~
~ ' ~ ~ . ,
' ths de~aieaq~. 8nohp~m
ent aull be m~de witbin thirt~ (3~ d~ uttee written aotios irom t~he Moet;~es
` statin~ the amo~n4 oi the deBciena,~~ which notios my bs reo b mail. It a~ag~ dme the Mat~aaor
° ~eo~red hersb~~
~hai~ te~dee to the Mortgagas in ~ooo~d~nos with t~he pro ns ~ths nots in11 pqmen0
~ oi tbs ent~irs indetitedaas rsp~raented thereb~~ ths Mortgrges ~ avstes ~h~ll. in oompntioa the anonn~ ot
suc6 indebtAdnaa~ credit to the ~oo~uat ot t~he M aq~ aredi~ bal~nos undee t~hs pro~ioni
~ oi ot aidp~nge~aph It thee+s shall be ~ det~der ~ oi t~hs provido~ mortga~s nwlting .
. in ~ publio ~~le oi t~he premi~es covee+ed hereby~ or it the M~~g~es aoquires thepropect~ otiA-erwiss dt~er ~ ;
detaul~, fLs Mortgages ~ t~rwtes ~hall ap~y
, at the tims of t6s oommeae~emeati oi suc6 prooeeding~ or at
ths time the prope~~ is otherwise ~oquired; t~s unount t6en remaining Lo credit oi Mortgsgor under (a~oi
? p~ph ~ pr~d~ng ~ ~ crediti on the interes~ aoc~red ~ad nnpaid ~ad t~hs b~lance to ths prinapal s~ ;
; remaamg nnpiad da wd nota - .
f 4. As w1II pyr aII ta~oe~. ~re~ments, wa~s aad ofbee tal oe mm~iotpl ehar~ ~ ae
' lmpo~[tian~,~ fa wbioh pro~rLion ~ aoi beea mads b~ wfars, and deti?ult tbereot t~6s Moik~les my? pU? tbs
s~ms; and tbat bs wtll promptb deal~ee tbs offiaial reoeipb tbe`~etar to t~hs ldort~es.
6~ He wnl pee~nt~ eommit, ae snQae ao was~e. impdreoa~_
t~ ae ~a~ ct ~~~a~~~ p~e~t~ tbei+eot
• eooespt re~ooabls w~ear and tear• and is t6s anre~ ot t~Ls uuurs or!~o~ lldia~p afd
pe~°°°i~es ~ad tbo~s to bs eceofe~ oa raW preaot~es, a impei~reanenb l~eon, ~a
~°°dtie~ aad t,6s~amam0
m~1os wioh rspair~ as in it~ di~ae~ion it mq dse~ seoeee~sy a tbs~~+opec pcebrn?tbn
:
J ; ~ ~ ~
~ ~11 bs dus aad pq?abis !h~ (ev) dy?~ attee demand~ ao~ ~~11 bs ~eoured ~ f
: • d. Hs wlll pqr ~11 aad ro~ulas ibs eo~, ~ad ao~pere~, motudin~ re~oa~bis Lw~ee's iee~ i~u~d oods ~
. at ~bs~ ot titis, iaa~sred ae p~id at aapr tlms
tr~r t6s ~+io:te,~aes beoaues ot tbe failurs oa t,hep~ ot t6s M~~
:.~-pe~ompt~jr ~od ~o p~tam ths a~eements and oo~~reoant~ oE raid promie~o~ note and t,6~s and eai~d ~
~~ea ~aII bs ~m~di~e~? dns and p~yab~s and ~ bs ~eo~ed b~? tLs ~~mo~p~e~
T. ~IIs wiII oo~tinnom~ mdntain Lasard insnranoa vt saah f,~ps at aad amounts as Mortg~ges ms~T
tmm t3ms to tims req~+e, on t~hs ~P~'obe~made~
~~~ttee oa ~~~euospt ~ea ~
tc~ all wch pn;e~inm~ L~s ~to~ ~ bs ~ in a~n P~~ ~PP~'o~ b~ ~ aad~
duean~ pre~unms t~or.
cie~ and renewaL th~+eof ahall bs Leld b~ ~ostgages ~d Lsve att~ched tLae+sto las in ia~or ot .
and ia form aooeptabk to ths M ~a~ss. In sne~L o~ bss he will g~is im~nedi~?te no~ma~ to Mo~rtgages,
and M ma, maios~~~Of~~C?i br ii n~oti mads p~on?p~ b~ Morfg~o~~ and eaeh insmxnos o~mpa47
ooaoerned a w and direat~ed to malos pymaa ior saoh 1oM to M ~tead at
to Mo~r~tgagor and ~fgy~ja~at~. and ths i~nrmos p~ooeeab or a~iscni~+ed~t~e~res
~ges •0 ib opt3oa eit~sr ~o tbe rsduat~on oi tbe iadebtadaeM
: o
,
; .~he p~+op~ Ia e~ea0 os to~+satiosnrs oi tbis mo or otbee traaatee a~ title to tbe
7 p~o~
pa~rot~ ~ . t oi tbs ~ndebt~sda~es se~u+ed Lersb7. r~gh~, tit~l~s~ ~nd int~+esti ot tLe Mo~s~ot
3n and ~o a~ iasuraaos poliai~es then ia loros a6ai1 p~sa to tbs puroh~ee ae ~rrautes.
; 8. He wiU a4t e~ecute or ffie oi reoord aqy imtrnment which impo~e~ a re~t~ction upoa ths nis or oocu-
s paaa~ oi tbe Pi'oP~7 deeca'bed herein oa t~he baw oi raos, ooloe, ae creed. i
9. Ii the premise~, or ~ny par~ thereoi, be oondemned under tLe po~wer oi emiaent doma~o, o! aoqnired ~
tor s public uee, the~~~ awsrded, the proceeds for the~~ oi, ae tLs oonsidecataon for snah aoq~tid-
tion, w the eutent of the full~ amount oi ths remsining unpai'd indebtedneee ~ea~nred b t~his ~age, ars
. hereby aseigned to the Mortgages~ aad his bei=s or assign~, snd ahall be paid fort6wi~ to eatd~~ M--
ei s
~~or bis ~es to be spplied oa aa~oun6 oi the last mstnnng installmenta oi sn~ch iadebtaesr provided~ ow- -
ev~ar~ the ortgagss or bis assigaeei msy at his disorstioa psy dircat to t6s Mortgs~oe, Lis ~?ein or a~aigas
sqy part or all ofsnch ~~vard, vided, t~t ii tLe loan is guaranteed oe iasnred, t~s c~nsent oi the guaran-.
_pro t
tor ~ insurer ii obtaiaed in ad~sn~e oi saidp aymen~.
10: Ths Mortgagee auy. ~ti aa time pe~dmg a suit upon t6i~ mo aPPll,to t~ c~urt ba~ing jurinlt~-
t~ the~+eoi for the ~ppointmeat o~a reoeivez~ and suah oour~ ~all fa~ a~pom~ ~ reoei~e~ of ths prami~es
oo~ered Lereby aII aad singnlar. u?cludin$ all and dngular ti~s n?oo~me, P~'o~tts, nsu~es~ and rs~enua irom what-
e~e~ ~ouroe de~~ed, eacd and every oi wbech~ i~t being espreMl~ nnden~i~ L~rab~ mortgag~ed a~ if speciBcaU~
~et lorth and dacribed ia the,gnatin8 and abeadum dau~es Lereof. nch appoiat~eat s~?all be made b~ 4
such oo~rt a~ an adautted sqwty and a mattsr oi sbOlute sig~?~ to said Mortgag~s~ aad without rsfere~acs to ~
the adeqwcy ma ~ to tlLS sol ~ im~olv of said . f
or iaade quac~ oi the ~~lue oi tLe P,~P~Y , rt6~ ~7 ~9
Mo or the dafendmts. Suah senh pro8ts, mcome~ ~ua, aad rsve~uas ~all bs applied b~ ~~ch reoeivar :
aooo~~~?~ to tbe liea oi tLis au~rt~ags aa~ ths pnctica of such oourt. In ths e~a~nt at aql? dsf~niti on the part - ;
~ of the ortgagor bereuades, the Mortgagor agree~ to ps~ to Lhe M o~ d~o~aad a~ a reasonable moat~hl~ ~
rental for the premises an amoua`~aL least equivaleat to one trvelfth e) oi tbs~ega
t~e of tLs twd~e m4ntbly~ . !
iastallmea~b payable ia the the~? curreat ~ear plus ths actual amounti oi ths ananal t~e~, ae~ei~m~ents. watsr
F nt,es, ~nd iasuranos preminms far such year not oo~e~+ed b~ tbe doresaid montbl~ pa~ments. -
i 11. Ia ths e~t ot aa~ b~+each oi thi~ mortgage ca~ deianlt o~ tbs p~rt oi ths Mostgag~or~ oe ~a the e~t
~ tbat aa~ of said sums oimone~ herain rafen+e~ to bs not p~omP~Y ~7 P~ ~~~6 to tbe tenor hereof
, or ia the ~eveat tba6 esch and every tbe stip~
hon~, agresment~ oonditioa~s, an~d oo~e~anb oi said note w~
t this mo~a~s , are aot duly. P~'omPVY, I~1 P~'~ormed oe ~ tha Mortgagor bs adjudicated banl~rupti or
~ anada deimdant in a baalmipt~c~ or reoei~e~ship prooeedinp~ thea in eitber or any such event, the s~id ~e-
~ gate sum mentioAed in said note th~rsma~g impaid, with iat~ei+est aoonied to tlut time and all money.
rtga~e u
; kcured hereby shall beooine due ~nd payabk forthwitb, ae tL~att~er~ ati tLa opt~io~ of sai~ M
~ i~illy and oomp~etely, aa if all tbe said sums oi mo~uy wera origin~li~? sti ted to be paid on sucb~ d y, an~
~ t
h
i
n
g in sai
d no t
e or m t~ s ~
t~
a~
e t
o t
~
s o o~~ 8; n
P~ s
t t
h
s o
p t i
o
a ~
` o
f s u
d M
o , w
~
t
~
O
n ~ n
o t
x
x o
r d
e
m a
n
d,.s~ut ai law ar m e quit~. ma bs p~
o s e~ted a iL all monep f
E " secured hereb~
y~
d matured prior to ib institution. TLs M ma~ ~iredo~s t~Lis mortg~g~e. as to t~ s ;
~ I aanount a declared dne aad psyable, and the ssid premi~es shall~idd t~o a~isiy ~nd ~ saa~e tegrt~ ~
~ ; with oosts e:penses, aad allo~ranoes. In case of p~rtial foreclosta+e oi t~ua ~tgs~e tbs
a ahall be w~d wbjeat to.the oontinuing liea oi tbis amortgag~s fac tbs sm~omnt ot~ tbe debti not t~ben us unp~id. ;
E i Ia snch caee ths pe+u~aions oi t~Lis para~aph maT a~n be s~a~ed oi t,henatter fe+om tWns to time b~ t~is
, E
: Mort~a~s. x ~
~ i lZ. No wd~ee of aqy oo~+en~n0 brrein ae ot tbs oWiaat3oo asenred ba+ab~r ~6~D a~ aq~ time t6eresttee 1~ !
Lsld to bs ~ wsiver of ths t~ms ~ee+eof ae ot tbs nots ~eeared beceb~. ~
t la. Tlr~s L'emi oi tbis ~e ~Lall s~ea~aia in toIl fae+os .ud eQeot darJ~ an~ postpo~emmt oe extemi~s
~ . a[ t~ t~me o~ p~?lmesiti oi tbs ind~b~edneM ae ~ part tLe~ot ~s~d bersb7• ~
~ 14. T6is ~s~s i~ ~ina ~o ~eane~s tbs pu~smau~
. a~t a P~ri tLee+eot~ ~ tL~ Loda bee+stn de~eetbbd ~
} imd i~ emecnt~eda~~d deliree+ed oon wlth tbs deed tLereta.
~ 1 a. Ii tbs M~t~agoe d~.nt~ in .n~ os tbs ao.~en.na ac .~+eemena aoat~d benin, a~ in ..id not.. tbeii
~~~a~es ma~ pectora? tbs Nins, and aD e~penditnres~(~dnd;n~ re~onabl~ at`oeas~'s feer) m~ds b~ tLs
~ m a ~LaII de~w interes~ at tLe r~ts pe+owith•idedt
at~ind~oosts
~ao~ued ibee~~ ~ ~
rs~,.a~a`b~s~tLirtj? (s0) attee d~em~ad, and, ~o~st~e I-~
~ ia IIp
~aa r~qort at t~ M~ t~ Mqt~a~oe ~11 ~aoeoat~ ~ad d~H~r s~appi~nt~l ~ ar ~
aot~s toe t~ am ae w~ms ad~e~d b~
~5i D[o~t~a~es tae t~ ~itratioa. mod~eais~tioa, i~pe~o~emint, ~s~io- ~ .
t~o~na, c~ rrp~irol Nid pe+~aaii~ toe ta~o~s ae ~ents ~pioK ~ Ma~s nd fae aa~ pdepoM ~s~
ird Lee+wad~a 8sid not~ a aot~s iuII b~ Neur~d oa a ~r wit6 md ~s ta~i
i~ H e6~ ~dT~aa
s~~drrad t~b~e+~b~ w~ ~aiaLd ia ~ aot~ fint dMOeib~d~~ 8
id ist~ ae sow daU,bNr ~p
. _ +rx.-~
, ,
.