HomeMy WebLinkAbout0616 the de&ciebo~. 3'ucLp~yu~en6 ~hall be m~s w~itkin thirty (30~ day~ dter written noWos foom tbe Moct;s~es
•tating t!u ~mount o[ t,he da8cieacy, whic6 notios ma~ bs.qcvea b mafl. It ~L an~ time the Mort~gac
shdl t~ead~r t,o the Mortg~gee ;n aooord~nos with the pmvwoo~ ~tLe nots ~scwrod h~aby, iull pymeat
ot the eutirs iadebt~eidneM rsju~ented chereb~, the Mor~gag~es y tnut~es shall, in oumpu~ ths aa~ount ot
such indebtedneM. credit to the ~ccount ot the M ~ credit balaaoe unsining ~undee t~4s pe~ovi~iom
oi (a) ot ssidp ~r~ph 9. Ii thers ~6a11 be ~ dei~dec aq~ of t~he proviaon~~ oi t~his oet~~gs reailtin6
in a puWio a~1e oi tbe premi~e~ covered hereby, or ii t~he M ~oqwres t6epropett~j~ ot~-erwi~e ~?tter
det~ul~, ~he Mortgs~es ~s trustee ah~ll appl,Zi~ _it ths tims ot~oommeaoement oi snch prooeediap or
the time the Pt'oPert7 is otherwise wquired, tb4 amoun~ thea rsmsining to crediti ot Mortgsgw~ under ot
pan~rsph_ ~ .pre edu~g ~s a cradi~ on the intere~t i?ocured ~ad nnpaid ~?nd the balanoe to the princip~l tben
reawning unpa~d on arci nate.
4. A~ wi~ pq ~1 ~io~ ~mmd. wat+e alr, ~d o~e ~~o~mea~i ae ~oip~t elw~. de~. ae
~ms~~
t~ M wi9
p~+~
d~eiir~ic ~~theeda
b~
M tp~jea, ~ Yatp~ m~? Py? ~
~ H~ wfD pecmK. eommtt, a~ ao wMts, i~o~p~iea~ea ~a deleii~oe~t~ion ct rid propeefar ae
ameep0 re~oMbis we~t and
~ ~t6s e~eat ~ itw ~~tbs Ma~ to loeep ~b~t~ ~
peemi~es .od tbo.~ to bs pnmi~, impe~c~~men tbee~eoa, 3n
~ a~d
~ wrei pyrm~ b~~da~ aod p~aWe t~qr (~j
~d~s
~[I~ee
~de~d. ao~ ~ Neut~ed 6~
~r lws at t~ a~oe~
at ab
t~e~s i~ou~red ae piW at ~a0? tims b7?1hs MatP~es beeau~s~411~00~
~l~wree'~ ~ aed eo~s
pe~om~? aud iW~ ~o p~et ti and ot ~ p~~~
e7?~eur~ed b~t~be liea~a~oet~y~i.
eorh, obs~eti sdd ~o~peere~ b~i~ ,~ns
h
'f. ~~Q OOn~II1i0t~ a1i~IIa~ ~ Ot NO~I Wp! 0!.~1P~ ~~m011IIts Y~0lfg~~ ID~~
fi~ ZO ~~Q~ QA ~ 1IDpl~0~el~Dti Dd~? C! ~~i4 i1l1~ ai00pt w~il jl~to~
~0! ~ ~111'b ~YID~ ~ ~ belR IDitjA ~ ~ ~ ~ ~ P~p~w~
dns.n,~ Pe~m~m~ tb.+etoe. an in.nnooe.han oomp~a~es ~p~e~o..~ b~ is.~at
cie~ aad :merw~L tLe~+sot ~iuiJl bs bdd b~ Mort~es ~nd L?rs att~oLed tbers~o 1o~s pyrabls~u~
and in form aoosp~tabis tio t~:~4x~ In anrent at lo~s h~ wili ~ie tmmediate~
~b~?~
art~~e~.
ind sy m~ it not msd~ promp b7 ~~r P~41
aooo~ened~u~~~ au~~oeised~and dir~oted ~p,1~~i
~a~oL 1o~s to ~ ia~
to Matp~a and~~~~ aaad tbe p~b +W P~ ~~~~~p b7
~es ai it~ o~don e~tbee £o ~~nc~ioa~ at ths indebt~ednas l~srsb~ ~+sd ar to t~s resto~r~?taa ae rspair at
~bs ~~m~ed. ' In ament ot foreoloan+~ at th'r oe otber tran.tee at tide to t6s mort~ed
p~+operb in e~p~uuh~o~ent ot tbs indebte~e~ ~d e~h~r ~~s, ~d ~t~m~ o~ tb~ Mort~a~oe
in aad ~o aq~ msuraaos po~~s ~en in ia+a ~aU p~r to tbs parab~ee ae ~rantes.
8. . He will not ea~eaute or Sle oi reoot+~ an~ instrument wLic6 impaes a restriction upon ths ssls ~ oocu-
p~7 Pt'~P~7 de~'bed Lereia on t~6s baas ot ra~os. oolar~ or cresd.
9. Ii ttie pre~ise~, o~r an~ part thereol, bs oondemned a~der ~he po~wee oi eminen~ domain, o~ soquired_
for a publio uee, the ~ awsrded, the proceeds for the ot, oc tLe oonsidention tor wah soquisi-
h
tion, to the ezten~ oi the ull amount oi tha remaining uapaii ' ebtednea ~ecured by this mactga~e~ are
hereby assigned to the Mortgagee, and hi~ hein or aeeign~, and. ~hall bs paid iorthwitb to ssid D( -
os bis ee to be applied on aa;ouat oi Lhe Lst au?~ instalim~ets oi,s~t ipdeh~t~ ~~ided~
evet, th~or or h~s a~nee~ may st hia discrstion pay direct tb tLe Mort~
eei
~qy p~rt or a11 s~h ~w~~rd; ~ded, thst iE
t}is lcan i~.g~arAa~e~d ~r insured, the oonsent of ths gwran-
•qv
: tor ac w~ubr is obtsined in ~ance oi s~wd
10.1'hs Mort~agee may, at an?,time a stiri~ npoa t~s n~~e aPPiy to fbe oour~ hi?ving jurisdic-
bon thee~eoi for ths tmenti oi a reeei~~r. ~ad wcb ooust ~baIl f rnt~ ~pou?o ~ recxiver ot t6e premiaes
ooveTed hei+eby aIl ~iwg~l~r, ~ndudin~ all and ~ingular ths iaoo~me, pe+o~ts~ ~sues, aad re~enaes from what-
e~e~r wnros d~t~ed, e~ch ~ ~?~9 ~ ~ ~7 ~ ~9 ~ as if a~ecifically
e~ch
~st forth ~ad de~aribed ia the,~nat~in6~ La~~trm cLwes bereof. Sw~h appomtmen~ ~6aU be made by
wch ooutt as aa admitted equ~ty and ~ autt~ ot sbdut~s right to s~id withou6 rsferenoe to
; ~+~9~7 ~~eq~~ ot t6a-o~lue oi th4 Pl'oP~y ~ ~y ot insolvcacy of said
M r or tLe det~danfs. rdnta proBts, i~w~e, bsne~, aa~d rsvenues sh~ll bs ~PPlied bp such reoeiver
f aa~o~ to tbe lien of t~ aa~~,gag~~ ~n~ the pract~ce oi ~uch cour0. In ths e~e~nt ot ~ay default on the psrt
i oi tbs ~rtB~gos' herer~ee. the NI
-irt~gag~or ~rees t~o pay to tae M oa dem~ad as ~ nawnable monthlv
e
R rental far the prenaiisei aa'aawunt-st least equivalent to one-tw~elith oi the te of the twelve montLlv
iastallments payabk ia the thea cun~t ye~r plns t~he ~ctwl amount ot tbe ann tase~, ~e~waenb, water
r~t,e~, aad 'ms~raaoe premiums ior such year n~oti oove~ed by tLe afore~id mo~at~y p~me~?ts. .
11. In ths eve~t oi m~ breach oi this mortgags or defaul~ an the psrt oi tbs Mortga~or, ~ in tife event
~at aa~ ot ~aid wms oi m~oau~ herein referred to bs no6 pe+omptly sad full~ paid ~ooording tio the teaor bereoi
or ia the even~ th~t esch aad every tbe stip
uLtio~ns, agreement~, oonditions, and ooveamb of s~id note an~
t~his tg~g~e, ars no~ duly~ p~+omptly. and taU~? Pe~formed or ii tbs Moitg.ioe bs sd~ndioated bankrupo or
m~daade~it~dan~ ia a bankrupta~ ~ reoei~et~dup p~+ooeedings• th~a:id eitLe~r ae an7 wch rent, t6e said ~ggre-
pte wm mentiooed in s~d note tireare~n~ng unP!id, with`iat~+est-aoce+~ed to tbat time, aod all money
a~
~ecnrsd he~+sby ~ha~l beoome due and psyabk fortLwitl~, o~ tLereafter~ at tLs option ot ~aid M ~ as
tull
y aad o~mp~etely as it all tb?s said wm~ oi money wera. origin~lly stipnlated to =be paid oa such y. u?F-
thing~ in taid aote oe im? t
h
i s moet~a~a t
o t
L
e oontra~ no twitbstaadtn«; a a d t
h e
r
s
n
p a
n a e ~
6
e
n e a
i
t
e
r, R t t
h
e o
p
t i
o
n
ot sud M agee, w?it~COUt notioe'~ demand~ swt a~ Lw oe in equihr,~ ma
y be p~o~eouted u it all monevs
~ecured y l u~
d m a
t
u r
e d pcior to it~ mstitution. T'
h
e Mortgagee may fo
r
e c
l
o s e t
h i
s mo
r t
g
a g
~ e. as t
o t
f i
e
~mouat w declared due sad papable, aod tLe said gremiaes shell b e sold to s~ti~fy wd pay t~he s~me tog~etber
with oosts eupen~e~. and aDowances. I
n c~e o
i p
a r t i a
l fo
r
e c
l
o sure o
f t
b i
~
s mo~, t
b e mo
r
tgagel premisea
~ha11 be ~o~d subje~t to ths oontinning liea oi t~h» mortgage for tha amount oi the de t not tbea due and impuid
In akh ca~s the p~+o~~w~s ot tL» paragraph ma~ ~gau? bs ~~sited oi th~eafter irom time to t~m~e by the
M
1~Z.~No waiver oi aq~ eove~aati ~ or o~ tbe oWi~at3oa ~ecared }~ereby si?~il at sny t;me there~iter bs
~ Lald to be a wrai~ oi tbe term~ hereof or oi tLa note ~ecured bei+eb~.
iS. The lien ot tLi~ iastsument ~Lall rem~in in full toroe and eHect during any postponement or eatens+on
at tbs time of pa~ment o~ t]?s indebtednew or ~ay part tLereoi ~ecured hereb~.
14. ~ is Qi~e~ to ~ecurs the purchaem~~
, or ~ part tLe`+eof, oi the l~nds henia described
aad i~ a~ecnted~~eli~ered oontemporaneousl~ witL the deed t~he,~+efor. ~
tb. Ii t~ Mo~tg~g~or default in aa~ oi t~?s ooveaanb or agi~eemeats contaiaed hesein, ce ~n said note, then
tbs Mort~ages ma~ pertorm tbe rarne, and aIl ~peaditures ~including rea~onable attorney's tees) mada by th~e ~"'a
Mort$ages m a~ ~hall dn~r iatRra! ati tbe ruts provi ed for in tbe principd indebtedae~, ~nd sh~U be ~
rep~ysWs tbirt~ (30) aayr aitee demaad, aad, tog~ethe~ witL intenst and oosb aocrued f~hereon, rLaU be seeured
b~ t~bis mostg~ge. _
18. IIpon the request of tbs Mort~a~es tLs Mortgagor ~all exewte and de~~ver ~ supplemeatal note or `
aotes ta ths wm o~ nims adv~noed b~ tTis Mortgag~ee ta tbe alteratioa, moderais~tion, iraprovement, maia- ~ I
te~aaos, o~ rapa'v ot said premiies, for t~ses or ~eMmeats ~gainst tbe wne aad for an~ other purpas anthor-
ised herennde~. Said note or notes ~hall ba ~ecured Lanby on a p~ant~r r?Ith iDd Y ~WI~ Y~ tLe sdv~noe ~
~~idenosd tLereb~ wee+~ iacluded ia the nate Snt de~xibed abo~e. Said suppiemental aot,s oe nota ~hall bear ~Ji (
~
~ m .R _
. ~,_c -
~
4