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HomeMy WebLinkAbout1364 ; . i ot tAe l[orts~t Moonw 1moa~tatR4 dw aod ~yraW+, without aot{oe. aad prooNdln~s ma~r D~ foWtut~ed bpr th~ ldort• ~ tare~ tor tb~ raoo~v~q U~sno! D7 ~r~c~au~ a[ Ws l[ortpr. oe 1n ~yr otA~r mann~r p~:mttt~d 07 Lw at tM ~[oet- ia~Na~ ~Mef~G~~te~ b tfw aot~t ae !a tld~ l[oefp~ oontalwd to td contral7 t~o Aotwttd~taM~ Upoa ton- ~1o~ur~ to ws rts~ tb~ ~Lo~t~ sdll b~ a1lo~nd ~s a pRrt c[ t1r lad~et~s aknr~a Da~b~?. ana tlr Mort- n~a~d WC ~'a~ M t~Odo.~to ~ oc •ac0°n~d aoc ~vw vanc,~~~. aaa ~~an~ ~~a~ck~ur~i proa.a ie~s ~u+~ aettlb b~tar~ tA~ oonrunamatba tMreot or tM a~ti7 ot ~?dpn~n< W~nt~ aow ~d ~ ~ad oth~r cbar=es ~0 1~ur~d. md~dln~ • rwowab~ attoe~s b~, ~Adl a~rwrtl~lMS b~ p~id. 1L~ l[oetp~ oe a4~ D~rts m 1n- t~est. bNns th~ AItM~t bWier. m+U? at s P~'~ u iW to~cla~un aM. I1n1 dectbn b~ tlr~ )[aet~w r b~r~ln pro- ~ vWb toe m4 M~ae~d ~at~b oe at ~W? tla~ u~sr. aed aotNas ~W b~ ooa~ad to b~ a + Yo~oe w?aiv~a~ aD rl~ht bom~stMd ~uoo~ptioa ~esnbd ~ tL~ Ooaaitutioa~ ad tii~s o~ ~7oeid~.Y~~~' ~ AND Z~ ~[OR1~(iAOOR 1RIRTAER AND A~iRB'B~: 1 1b P~ t~p~ad Ind~bt~dne~s wlth fat+erMt Y W th~ not~ W'ovWed. Zb Py montl~y imto tL~ l[ozt~at~ ia addlction co .na a~ tb~ ~mns ana pl.o. iae e~cD p~nast ot prindpal .nl! intereid, .n intal~nt oc aaca at th. rollo~.• 1ns caartest tN 1laxes aM wa~at+. ~neral oe ~da~ ~nd ail ~ther cde~es 3evled or to De levleQ aplost tb~ praml~. ' Premiums to beooa~ dw and pqab4 tor. aa~l to r~new. tLe inrurano~ aa tt~e pr~nbes a~atntt 1oe~ b~ ~+e and ~ ~uch atlM! lu~rb. prn~iWs~M aontinpnehs Y barin.pran?Wed-iot or !p»terd Le'osa Nms to.'tln~s. Tbe amo~mt at tbe respeetive montl~ laotalltnenb a~D D~ eVual to tl~t anwuat ot tM annual respeWv~e csar~ next due (a~ ~nat~d b~r tb~ lWrt~)~ bs W 1ada11aaeats a1re~Q~r paW tAeretoe. d[vldsd b~ tl~ numbr ot monthb? !n- ~b td~relot b~ooanit~ d~e aot LtRr than oo~ a~oatn padoe to th~ du~ 8ate d anpr wch ~ aad sdB b suD- ~ect Lo ~se ae 8acr~e to t1~s e~nt re9WrM to ci~eataas ot t~n~outhq? pyrmeat date oa t~ not~ not 1l~t tl~au one moath yrloe to tbe fiu dats at aA7 wtdt ~n ~mount w~ieat t~r pqmeat tLereat wha~ due •an11 p~yaWe. In no a~vest ~h~il tM l[ort~ee r~a~Mns suea pqmaat be lfable toe aq~r lntee~est aa a~ ~aiount pafd to it at 6ereln required. ~ad t6~ mane~ so t~aoetved nW? ~e b~dd with its own tnnde peadin~ p~yment or applicatfo~ tl~ereot ~s 1~ezela pro~vl~iea. Tl~t ~[ottp~ae tlull ruabb wnW Ure ~[o:tp~ee ~t la~st ntteea dqs betoe+s t1~ due 8ate an a~tdal s4teme~t at th~ anouat a[ W tuoes or ~b next ~te. and sw:h Yottpip~ tiull p~ tJ~e abo~r~ diar~ to t2N are~oant a[ tAe thm uawad aoe~t tLerat~ ~s and wDen tbqr beoom~ ~ iw and pqab,le. Tbe ltait~a~ee mp?. ~t 1ts cPtioa. P~U? a~U? o~ akh d~ar~es wDea pqabis. Mtbsr DeMr~ ae atter t1~? ar~ 8din4ueat. wltl~ont nottoe. ae make advanoes and p,yabi~~ W~tbe Yor~t~ee and sballt be ~e~red as aa ~ddltional ~PrindP~1 w~m undtrt ~tbaad~tl~same rate ot interest trmi dzb a[ adwaoe~oa~t as th~ psiadpat iadebtednes Aa oilld~l reodpt tbtrdor ~all be oondudve eosasnoe ac such wu„~,t .aa a te~e va~q? ot .u~a ch.e~e.. ~Le ~cort~a~+e m~ app~b ce+edtts Asla us ~or tbe .eo~re ~t'!~*. W D~ on aooount a[ a~ 8elinqnau lndallmes~b o~ . p~indpal oe MtsrMt oe aq~ other p~ymenb matueln~ or dne under tLb i~t snd tbe amotmt at ae+edlt ~ at W Wne ~AtU be rMuoed b7 tl~e amownt t6ered paid oc apy~fed aa hereln provl8si. Tbe ~moun! ~ tl~e esMtlns ce~sdlt Desettnder at tA~ Wpe o~ ~p traostcr od We properRjr styll witbout a~d~umeat tbereo~ innt+~ to the bweAt o[ tb~ ~r aroer a[ t~ ptopery ~ad s~ll be applied unda~ anQ auD~ed to a11 ot tbs pmvl~doos ba~eos. Upoa tLe panneat b? full ot tLe ladebtedne~ tAe amouat o1 any uu?useQ czedit th~ll be applfed to the pqment tbe[eof. . The Mortp,~ee aa~? coilect a~7ate cbae~e" not to aooeed fonr cents (!c) fat ea~L one doiiar (iZ.00) oi au~ wonthty imtalta~at p~t req~i:+ed ae the note ae~d nn~er tWs Yort~a~e whkh h more t~a siteau (15) d~,ys fn art+eua. to conrer tbe extr+a e~ease lmrolv~ed tn h~llns 8eltnqnent pymeats. 2 1b pq?, whaa pyaD1e. all tasea aad aaewna~ts. ~eneral or apedal, wrater ratb aad ~round reats and atl other 1n~ aad promptty d~ r the officlal~ reodpts~os Lopt,h~e ~ P~1don tor wNeh )us not bem made bere- , and otber ~bar~eR lwfed upon ar a~eesssd. Waoed or ~a~de a~atn~t tnls Iod~t, oe lndebte d as ac ~ latenert ~ tt~s ~[ort~ee 1n t~ pr~al*a~ or tbe oDit~attioos secursd hereby. Pro~vWed tlu~t th~ pqmeat d atq wch tan atie~~- f saent or cbar~e Dl? tl~s Mortsa~{or b not oontrary to law or ~?ould not raw~lt in tbe p~7rr~eat o[ an ualawfi~l rate a~ 1nt~c- eat ou tLe tndebbdnes hereb~ seau+ed. In the ev~t ot tLe psw~e after the date o[ thb instrument ot a~ Lw o[ the State, ~ subdlvfdan tbereo~ whe~rdn the Premisea are dtnated. cra?tieyi D~~i for a~Y ta~ ase~~xat or chae~e tbei+eoo.~shaU. at ~be optlo~~ o~ tbe Mo~rt,~a,~ee. becanne~rimmedlats~?~~ p~J?able~ a~1a tbe eveat p~ymmt there- a! is not m~ toaRhwftli. tl~e'[oe~t~~ee may take oe cawe W be takea wch aetbn at pt+nosedips a~ no~~ be taten bere- } nndar fa tI~ dN at atq other detantt in tLe psyment ~ Lbe lndebtednes ~ -3 1b keep t~e Dnlldinp and adaltbns tbereto on or herealter erected ~ pla¢ed, upon tLe l~nd in~ursd a~a[nst losa b~,? llt+e and anch otlier l~ua~d~. caswlties aad eontlngeades. lncludtn~ wac damt~s ii aR aq~ tltne a atate o[ war r~dsts or it appe~ts to tbe ?wl~er oi t6e t~o~e tl~at war is Lnaslnmt, aad,in such amounL snd tor iqch Perlods. as mq? be reqWrad tmms tinae to tlme b~r t~ ltortp~ee. and t~ pq prompt~ when due W premtums aa ancb Pravidon for pay- ment oi whtch has aot beea made hereiabeiora T6epo~ ot imuranoe shW bave loe pqabie Dro~dom aooeptable to tbe Mart~a~ee and atiall be ddivare~ to and hd~l by t~e l[*rtasgee, or as !t m~y d~rcet, nndl thb l[artpje b sathtled, Rrnewal pdides o[ lnwranoe. Pnminms tor which hav~e been tuil~r Pafd. ~are io be ltirnh~ed to the niteea dqrt Pelor bo the ~p[ntioa date ct tbe lnwranoe tLer~ reaewed. The hw~nce ~bsD be wrlu~eaY~ acomtp~re~ approved b~? tbe Mort~sgee; 1n no eve~t sball tbe ldort~ee be Aeld i+apoo~lWe for faftnt+e to pq for aq~? iawranae writtea oz fa~ aiqr loas or dunage ge~o~rins ont oi a defect in W Po~T or out o[ a~ faitnre o~ a~q ina~ranoe oompanp to pq? !or tqy 2on c~r damage inntred a~. L? tbe event ad lors tLe Mort~a~or shaU sive immsdiate aotioe by wdl to thc l[oet~a~ee wla may make proat ot lo~r it not m~de Pron?PW? bY the ~ort~os: each fnwranoe oo~nnpa~r oo~oeined b.bereby anthorised atld dtrected to mate pqyment ta~ lws direct~ to tbe Hortg~ee indead a[ to tbe ldort- p~or atW the Mort~a~ee id~tb; tbe iawranoe pmoeedr, or aip? D~ t6eneot. miU? be ~plfed b7 tLe Muet~a~ee. at 1ts ° aPNoas. to the expemes. it aqY. W~usred by it 1n tLe oollectlon thei+eof. to the red~cnon a[ tbe fn8ebt~dnas bereb~r ~s- ~ cnred. to tiie ns~tontlon or i+epair at tbe propett~ dsma~edr o~r rdea~ed to the l[oit;a~oe witbout liablltpr npoo tbe 1lott- ~ ~ee ior such rde~sa All pWtcks ot inwrance u+e hereb~r md~ned to tbe lr[act~ee as a8dltfoo~l isquit,~ tor th~ pq- ~ mmt a the s~ s~w mt~e,t sec~e+ea hexbr: m we ev~t ar r~c~o~cre or ws ldo:t~. a~ ot~r tran.Mr a nw to tLe ~ pt+emises in rx~ishmeat at tbe lndebtednes. aII r1~ht~ tltle aad lnterest oi the l[act~ssor In aad to ~mpr farur~noe Pdirks tben 1n foroe aaall pas to tLe par¢h~ser os ~eantee. 4. To oompi~t~e witbin a reasooabie tlme W buiWin~ or buiidinp naw or at any tlme in tLe prooe~s oi rcectlon npon tbe L~W aaa to PraaPt4 repair. restoa+s os rebutld sn~ batWtns oz imp~meab now or beriattrr on t6e laad r?hkb mq beooave oe be dertro~ed. and not aoosait permft to be 8oa~ oz e:id an ae ~bout tbs presnf~ an~thtt~ ~ bout wbereb7 the shari beooo~e ler valnaDle: to wlth'ari 4wi: Hle~ r~Ltfoor? or osdlaaaoea ol aa0' t~- meatal a~q? ana not vwase or permtt the vblanon as to tee r~+e~nbes oe a~v ~ ar use ratrtcnoms: to keep tee Lud aad lmpro~t~tl~ereoa lree Lrom nnec4aalc's aud materWmea's lfeas and wm not suser a~q ttan a~paior to t6s ~ Ilp~ cnxt~d h~ t~ S~m~t W atta~ to or be entonced ~afnrt tbe y:emi~. ~ S~. It detanlt be m~de in tbe pqmeat ot taxea, ~e~an~t~. lieas. ~f~u. iomrance prrmium~ o~ aqjr othes rhac~e wLat~oswr. ar W Dart tbereo[. or ts the pertormanoe o[ ap aet, to be p~td or pedorakd by tbe Ya~tp~oe under tLe ~ pe+o~'1~ar ~+b4 tbe Yaetp~se ua~i. at fb o~t[a~. m~ p~nent tZerea[ o~r Mrlorm au~~ ad requfred d tbe Yortjasar W.~p? me,n ae manorr aeM,~aa c~psaf~t .m wu? w otaa sua? tbat r ~ocwrr to pruteec tae sxortqr a~ w. msa,i- ao~t; tbe amaaab ~n p~i~ with intere~t tberean h+otn t1r date at auh pa~t at ttr aame sat~ ~s boem b~ the p~ia- dp~l ~ abW be as~wed as an ad~ditloo~t um aa tbe ~es and viall b~ ~d~se to aod b~ooaie a part ot the LB~Otefi~e~ ~sau~ed lra~eb~ and be LmmedLLtey~ dnt ~nd to tM 1dat~e~. A~ W~nent ~ antboelsed to be m~ b7' tbe l[aetsa~ee auqr b~ m~de soooMinr to au0? b~tatat~ent ae alimat~ t~rala6~d ae pe+oenred b+o~au t~ appra- ~ pists yublle oQla ae tbe part,~? ~tmfnt p~p~m~t witbatt lsqnir~ into the ~ocuraqr ae ~N~dlb tbaro~ and tM teodpt d W pobl ~a~t ar qryr in tb~ Aan~ls af tb.ltoetp~...bau ae oooetu.cw wm.no. a ew .~.Iid[q? .pa .mo~t ee fc.~s ao~!d : t~ lioetiaje~ aaa11„ at its opttoq be soD~ropted to eqr eacumbiwoe. 1feo, cLfrn ar daoand, aed to ~ll tAe rf~4b a~d Memitles toe th! D~~t tM~o~ Dnid oe dl~ehas~ed wlth tbe prlndpai aum ~.yied ~b~r a b~ t~ ~~p~ ~e t~ pearWar ~ aad a~p wtch pbenptfoa rl~b d~dl be ~ddltlond ~ad dmnnLtlr~ a~n~rly? to lbis ~[ott- BoaK~SO 1s~ ~t~ _ _ _ ~;;y.:x , ~ _ _ ~ ~ ~ ^ ~ ~