HomeMy WebLinkAbout2593 ' < t~:~ ~~~i
Te pl.o. .~d ooMMuaub kMp on ~h. euudM~ eoM? a IM.«fM. ~in,.F. on .atd I~nd snd an ~II .quion~nt .nd p~on~iM aov««+ br tAM ~orlp
p~, wl~h aNpn~ thw~ pNd in full, fN~ liwir~na in ~M wual ita~+dard Polktl ~an~. N a w~ ~PP~~ bf? tl+~ MO~TGI1~t3E4 ~+d wM~d~ton~
kwuwea b Mi w~wl at+n~lrrd Policl? Mnw M a ~ww +Ppowd ~y ~M MO~iG~At3EE. in wd+ aanP+^1? ~ oo~P~ a~ M+~ MOtTQJIRiEE ~M
dY~reb and ~II M~w! wtnd~to.m inwnna polieM~ on o~ ~air buildi~. ~n1? MNrat MwNe w paet tMrwf, tn t1» ~v0?paN ~~taaNd or
In ~aow N~wf. ~11 aoMain th~ u~wl s1~+d~d nar~9+~ clw~ a wd~ o~h~r dauM a. N» MorpapN may ?~4~in. m+ldnp ~M low undM ~wd po~
ci~s. Md? ~nd wMr. P~Y~bM to wid MORTCsAGEE M ib ie?tKaf ~Oi»w. and Meh w+d ~v~ey wd~ po~iel? thdl b~ P~^P~M ~~d ~^d d~ilw~~d N
.~nt? I~NI b~e Nid MO~TW?tiEE.M iwtlNr MaMN~r w sid ~ d~W. ~nd~ no1 M~ dw+ an 11G~ d~rt in aJvana o~f th~ ucpkation of Neh Po1kY. to dt
h,i~. t~ Nid MORT8J10EE ~ wrwd.M~no~ lo~~r wtth ~ ha1W fa tM Pewniwn of weh ?~wdi.aed Mwn ~h~ll b~ no f~n or wk~wra Miarana
pl~ad an an~? oi said bdldin~„ ~nY W~rMt thK~in or pwt tlwwf, w?I~ss b th~ fo~ ~nd wkh H» ba piyabt~ ~s dor~sNd~ and in th~ w~n1 +nY a~n
o~ ~~awf? b~oo~~ Ml?~bN ui~? wcl~ PdkY o? Pdid~a wid MORIGAGEE shiN h~w t!» option to naiw and applp th~ a~M on ~ao~int of th~ M~d~b~~
n~ ~~d Mt~l or to p~rmN s~Id MORTG~A~sORS a naivr and uN h ot ~+p P+n ih~rwf fw aha pwposN. without 1Mrebr wahinp a in~Wir`
inq ~nl? ~lif1?. li.n a ri~ht und~r or bp vk~w ef Mt~ nafp~pp and in d+~ w~n1 .~id MORTGJ?GORS ~hatl far ~yr h+wn fail a kMP th. ud p~nL~ so
in~utid, a fNt a d.liwr P~b +~h? of wid polkNs of iiwana a s~id 1WOItiGJ1GER or fait prompfly w p~r fulh +~w v~•mh~m rt~ior or in .np
r+~p~cf MN fo Pu~or~, $d~r~ u~ou1~? ~ff~ct. oomPMN. aomplY wi~h and anid~ bf? Ihi~ oownwd. a any Part h~not. saW MORiGA~iEE w~Y P~+a +^d
WY ~ wd? Miwi~c+ or v~ ~w~wf wiNww M?~ivin0 a afhdNY aP~. (i~ ~itY. ar rqM w+da a by virtw d tNs Mappw and the
ivli a~owM of ~h artd w~1I wd~ P~'ynwN ah~N b~ 6a~rt~? dw ~nd P~1NbM and stwll bw M+t~Mt troa~ ttM dN~ tl~~oi until p~id N 1M ~N~ 01
ntro ~ pn~ ~r ~Mn and top~Wa wi~ wd~ hf~t dNN i» ~a,hd b~r YM N~n of tbi~ mo~lp~p~. ~
1. To pre~il, aMni~ a wFt~? no w~sM ~ a dNKiowfion of ~id propKhr a+n~? part tMwof• - -
3. To pry ~d and i+adr th~ coa~, eiwpn ~nd ~xPww~, i~wJudM~p ~ naon~bN ~twm.~ h. and oosu of ~.cts d titl~. or p.tid at • ~
ant? tt~ !hr s~W MO~T~A(3EE. b~auN or In Mr ~wnt of tM hilun a+ th~ prt of th~ sdd MWtTW?GOIt a dufy. d~a^PtM +^d i~? ~ d~c~'~'0~? `
~x.ev~w ~i(r~l. ooe~pl~,'aon~pyr wiM M+d ~bid~ bp weh ~+d w~ry ~ stipulatio~. +On«n~nt~ oondition~. and oov~na of uid panis.on? ~ and ~
^+aq~Y~ tl1? ar N~lw. and sNd oosa. cfi~r~ ~nd ~~pMw~. aad~ ~nd w+ry. slwll b~ MM»di+t~h? dw +nd P+1+~b1~ wMtl~ a ow M~n b~ ~?otioe d? -
n?+rn1. NMnp~ b aoIMN or wib p~r?dYq~ and tM fvN anwu~M af Neh Mrd awry sud~ P~Y~ shall bw int~+~at fran tM d~N 1F~~of until W1d d th~
r~ro of nii» P~! o~Mi+m P~r arownV and all s~id cosn~. dw?Qa +nd u~s inarrnd or p+id. ~ophMr wiM atr~h tn~r~tt. drll b Nwnd (~l th~ ~ O~f thi~
nariQ~O~. • . . _
1Mt W.In,th`~wM of any br+~eh oi dAs Mortpa~ ot d~tauit m th~ pwt of ~M IYWRiGI?GOR. a(b) iR.tM ~b ~ny of wid wen~ d m~y -
h.ha~ ni~«..d ~q 4~ nw Pra~tly «d fu~y pald wt+hin nrr~y fdol d.n n.xt .f». th. w++. a.w.•~ly b.ca+N dv. .nd p.y+b~.. wid+ow d«++n+d a nak..
~(d In tM r~M «cA and ~wry th~ stipvlatio~a. +~~~b. ao~wli~ions ~+d oown~nn of aid praniswry not~ snd tMs n?o~pp~ +~h? or ~i+l~u ~n rw~
~++b. P~PNp ~nd i~i1? p~rf«~Md. d~d. ~x~ou»d ~ffad~d, aompl~ted. eomPU~d with ~nd ~bid~d by. M~n In ~Mw or anf? wd~ ~v~m IM said aP
orp+~a wm n~aron.d tn s.:d p.omt..onr not. tMn .«nainkp w~p~d, wi:h.&+tamt .c«wd .na a1i nwney, .ecw+a.l+.nbp. .l+~u b.owo. du. ,nd ar
abl~ fathwb4 a M~rwftM, ~t th~ option of said MORtGAGEE. as ivly and oomplNety as if all of the wW suM d moMr w~n «ipin~lly sttpvtned
ro b~ psid an wch day. +nytl~kg b~id Pron+iaorY na~ w In tM~ Maq+p~ w tM oonnary notwnMtx+~inpr ~nd N~~upon a M~nafa? ~t th~ op~ioe of
Md ~ to ~iewYi~tuti~o~.« dMnw~d. «,R d ~.M? a in .qun,,. M+a.f«. or N,u~.h.. wyvA, a~.p a P~«•ou~~d « 1f .u m«wr. ..«~r.a h.nbr
7. 1hN In th~ rwM dwt M tM b~pUw~Gq of a~ N«~y time p~dinp snY wif upon tMs Allo.tya~e, a to ~onetoN R, or w nfonn B. or to ~nfaa -
P+Y~ of an~r elaien~ Iwwnd~?. wid MOkTGAGEE slyll apply M 1M Gourt h~viep I~uadfetion th~nof tor th~ ~ppoiMa+~m of ~ R~eeiw~. weh Caxl th~ll
forthwhh ~ppOirM f ncaivM Of s,a~! morqayed WoP~Y aU ~nd s4+pu1N.'M~dudinp a11 and sYgvl~r th~ inoan~. Wd~1i. ksw~ and nvM~w~ fran whatwN
wwce d~rivr~ +~ch and wKr of wh~db ~ b~inp expreal~r u~dKS~ood, b Mr~bY morts+yed H~petifiully M forth a~d daa~d in 1hi prantinp a~d
h~b~rwlwa d~uw~ na.~of. ~nd wch Raaiwr sh~ll h~w ~d tM broad ~nd eHectiw fwrct~ons ~nd powK~ in ~wiW ~ntrushd b~r a Courl q~ R~aiv~. ~nd
wch appoMlnreM ~MII b~ road~ by wd~ Gourt p ~n admiHed squitr and ~ rn~tta ~ absoluM ripht b s~id JNORT(iAGfE, ~nd withou/ nfennp b th~
ad~qvaty or Mrd~qu~cy of fM vahr~ of tM propatr matO~d a fo th~ wN~ncy a insolv~nqr of s~id MORTGAGOR or fl~ d~hnda~+a. and th~f wd~
r~nta, Profil~,r 1nOwrN, 6~w~ and rtrenws ~h+ll b~ appti~d br tucl~ R~oeivK aooordinp to th~ INn or puity of iafd MORTGAGEE and th~ pwctit~ of wtA _
Cowt. _
d. To duly. P~h~ ~~h? P~~ ~xecvNr ~ffecL aompl~t~. con+Phi with and aW~4 b'f? wch ~nd ew~Y th~ sfipul~tion~. pr~W.
cor+ditions ~nd oov~naNS In s~id promlaory no1~ and thts mortpp~ ~t forN~. ' -
9. Thd in tM ~vMM th~ o+wmr~htp of th~ nwrtpsped pnmisa, or ~riY P+A tMnof, bsconws vat~d h a pKSOn otlw tFw~ 1h~ MORTGI?GOR, th~
MORTCsAGE~.: Ns suoanon and +ssipnt. na1?, whhout notioa to tlr MORiGAOR, dtal with such wonssor w~ro~aso~ in inta~st wkh r~fanno~ b 1N~
mortyaQ~ and th~ debl Iwnby ucund in tF» s~n+~ nwrMr p with Mort~spor withovt tn any wajr vM1a1Mg o~ d'ixiwpirg the Morl~+por~' N~bi1N1? h~e'~'
under or upon tly debt hKeby s~awed. No sal~ of the pnmis~s he?eby rno~tQaped ~nd no forb~a~na on th~ p+n of tM IIAOItTGAGEE or Ns woorsson
w+uipro and oo ~xt~ntion of th~ tirM for tM p~ym~rN. of tM daW Mnby secw~d piva? b~r tM M10RTGAGEE a iM arcauon a wip% slrll opaab
w n1~+M. d~clrrp~. Rw~itY d++~D~ a affad t!r orig„+al Ilabili~y of tlr ANORTGAGOR ha~iA. ~itl~ in whoM or In p~rt.
10. h~s ~p.cifiully ~ N~n t~+~ is of tM es~na of ~hb oo~rrw ~rd Md mo vwivw d an~r obliq~rion herwrdK or of tM obtip~tion k
cur~d lwd~y. ~11 M~np fim~ tsft~r b~ heW fo bs a wsiver of tM iwens 1Mr~of w oi tht irotrun~N a~t~w~d haby. _
i L In ad~t~on to the fongo:n9 m«+thh P+Ymen~ of p.inc:p+l and tnt~rest .~u.a by d» ~~s.o.~r .~.d h~.by, m«q+~or oor.o.oea
and apn~a to p~y b rtartp~q~e with tach monthly~p~ym~nt an additieed swn~ esYunaNd br mortQ~ ro b~ pwl t0 1/12 d ti» arrwd oost af th~ follow~
ir.p: ' ' n
A-All nd property taxq, kvied w as~essed spainst the abow desuibed teal est~te. ~
6-~heniwns on fin and windstorm inaNa~q as Ixr~in requind fo b! urried on tht improvMwMS sitWb on tM~ ~bove destribd pr~n~s.
'i C-Pre~niuna on such mon~+~ Owranfy inswa~ce as mortys~e~ shall from tiene ro time deam fit 1o urry on th~ Iw~ ~eaKed hanby.
I sh~N from tims to time notify mortgagor in writinp of th~ sn+oum due ~nd p~yable Mrewdsr and such wm shatl therwpon b~ du~ ~nd
I pay~bb on due da tM next thly payment ard each wooessiw mortth tFrreafter until mortyaps~ sh~ll notify mort9ya of • clwege wch
~ amamt. _ ~ mortp+o~r towud tFr p+yma+t of nal proqrty tazes. inwnr~- pnrn:wns, and mortp+W ~ar+iNY GKw~rw
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