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Home My WebLink About0843 ~ i. 71st in tle erenc of a suit beias iasptu~ed a foralac c?is moresa~y cM Me~asse ~6sp bs en~itkd ce •ppbr at sny t~oe dud ~ud focccbwce suit co tre oourt haviu~ jurisdictioa ~?etc.lE tor tM appo;ntweac af a rece~~ec of dl aod sia~utat tLe waRts~rd P~P~+ ~ of ail nn[e. ~aooac+~ P~t~. iswes sud sereAUa tber~of. fcoo~ ~sh~aoe~rer ~ou~ee derired; and tsc~eupoa u is hereb~ e:p~17 co~enaotcd aad ~ceed t?at cbe oourc wall fo~t6witi ~pywint sucA ~ectiver arith t~e wus! poKCa sad dudea of cece:~en. io Gtt asa; aod said ap~ po:ntmeot ~6a11 be nade br cbe aourt as a maaer of suia rir?c co tbc Morttajet, aod witlout nhnoct eo t?s adcqua.yr o~ inadequacy of cN ~~lue u~ tke pcope~r ?erd~~wt~s~ed, os to tbc sol~eacp o~ ~n~oireacr oE t~e Mat~ oe ao~r othec paeq defcodant oo s~sc! wut. Tht s or hion,is~or 6c~eb specific waera tbt risbt ~s objett 1o the ~ppoi4aacnt of a caci~a ~s tforasid aod 6c~eby e~cealr ayueab tbu we? appoiemoent sl~a! bc rosde as ~ta sdmitted equiqr sad as a wacter of absolute ri~?t eo the dsoce~atee aad tbu t6e same tsay be doae wk6aw notice eo t6e biortp~. . 'I'6u if aq~r Proccedio~s ~6oub be imtituted apio~t t?e PcoperU? oo~end by t6i~ mo~c~a~e upou aa~r ot6ir liea o~ ctsim wtietiet t io •uperio~ or juaior eo tbe Gtn of this ~~,ses may u~a o~;oo ;m~ed;.«ty o~ ~om~~aon of sucb ~wt o~ ducins tLe psod- enc~ tsereof declue ~his ~~.se and c~e i cbted~ ~ecuced 6ereb~ due and pa,yadk lat6wu6 and m~ at its option procesd eo foceeio«t chis enort~e. 7. To pa,v ~ll and a lu tl~e oort~ fe~„ c6ar~es aad ezpeines of e~eq tiud~ Inciudias the eat af su abstrut of title to ssid laab fouod to bs oonYeaient or t~ ent in tonncetioo wit6. P~ses au t~a~ee u obli ted to a~ ~ame oc suf suit for tbe forocbsure of t6is and abo ioctudias, w6et6er tbt Mc: ~a p aot, reasoosble actorae~'s fea iocurred or ~peaded u an~ time y t Mort`a~a becawe of the failurc of t1e Mortqa~o~~ cope rfa~ oomPly xit6 aod abIde b~ aU or aap of the oo~eaauq. oooditioa~ aod sBpuladons of stid promi~ory aote, or c6ia ~non~a~q ia tbe fotedosurc oE this morcgage and in oollabn~ cbe amouat ~ecurcd hs~eby wit6 or Ricbout l~~al proaea~np. and bo a;m• bune tbe blortga~a for every pa~ment made a~ iacurnd for aa~ tuck ~urpeWe with iaterat fran date of erer> >uc6 punneat u tbe rate of c;~6c pe: ~-cut (t..) PK s~mwn; sucb paymencs aod obliptiau, wic6 ~oterat t6creou a aforaaid, s6a11 be ~eeured by tse Gen bereof. i. Zb ~ tbe baildir~ ot baildiap n4w ar btnafter oo wd land iowcsd ~ai~t las o~ damsje by fir~ emnded co~era~e aod abe~ perib, ioclu 'ns wu ~ist iawraace iE arailable. io a tum ~aot tas thaa thei~ full ~nsunble ~a[ue at t4e owt and e:pewe of t6e Mort• gagoc ~n a oanpaer or oompit~ia sppro~ed br t6e Mortsaate, tbe polie~ or polida to be ~eld br tbe Mo~agce, and wc6 polic~ o~ policia of insuraoce e6a11 ha~e af~scd taeceto a Standard ATeR Yock Mostga`ee Clause. makin6 all lo~s ot iosses under sucb polic~ or policia parabk eo che Mortgagee as ia intecrst ~oar appcir, and ro delirer ~aid polie? or policia to tbx Mongr~gee w6ea issued wit6 tht nreipes for ttie pa~- meat of tbe pcrmium t6erefor; and io tAe ereat asy sum of becoma psrable uoder sueh polity o~ polida. the Moctgagee sLall 6a~e the optiou eo recd~e and aFPb t6e same on aooouot of t6e iade~ secund heub~• or to permit tbe Mortgagot to receive and use iy or aay part thereof. for ocbtr purposes, vritbut thercby Rai~ins or im~airias anr equit~. Gm or ri~t unde~ or br ~irtue of this mortgage; aod the Mortgagee if it deaas nece~aq may place and pay tor sucb ~muraoce, or ,pr p,rc ~~reo, . srithout tasin~ waivina or affaaag Mort- gagee'. opaon co focrclae Ea~ breac6 of ~hia oorenaati or any pan ~hereof~ or aq~ n ht or optioa under this moregaae, and e~erp sucb pa~- ment sl~all bear interest from date t6ereof until paid u tbe rate af eig6t per otat (t~) per annutq ama a11 s~ch paymenti Mit6 ioierat a: afore~said s6a11 be ~ecurcd by the Geo 6e~eof. In t6e e~ent an~ las or dsm~tge ~t snffersd Mortgagor sbaU notify Mon~agte of tuch bn or damsge ait6in forty-eight (4i) boun after the happeaing theraof; tbe ~ailure to ti~e such norice s6a11 coustitutc a defauh and c~e Mot~s- ~ee shall Lare the righb hereia gi~ta for all defaulb. 9. To perwi~ cemmie or auffer oo wasu and to maintain tbe impro?e~na u all ti~na iu s stace of ~ood rr~air ~d ooaditioo; aad co do orpe nait to be done to asid premises aot6iag tDat will aher or change t6e n~e and charaeta of raid property or io anr wsy impair or wnken t6e :ccuriry of wd mortg~ga Ia cz+e of the refu~sl. neQlat or iaabiliti of t6e MoKgagor to repair and maiauin ~aid pwpe~, tbe I?iorcpgce map. at ja optioo, mstc such apairs or eawe t~e iame to be msde aad ad~ana mmia in t6u be6alf whic6 ~a aball be secured by tbe Ga~ 6ereof and beu interat at tbe rate oE agtit per ceot (t9G) per annwn. 10. To deli~er the sburaa or a6straca of titk ao~ering t6e mo~tgaQed properqr w Mortgaaee or ia daigoated sgent~ ..Lich sLall at all tima. during tle life of tlw mo~aQe, remain iu t6e ponasion of t6e Mo~tgagee aad in erent of the foreclo~ure of t6is mortgage or otbe~ craasfer of titlq all rig6y title aad interot of tLe l~tortts~or in and to an~ such ab~traa or abt~aas of titk ahaU pa+s to the purc6aser oc grantee. It. T6at oo waire~ of aay covenant bes'ein.or in tbe obli~ation sanred `enb~ a6aU u an~ timt 6ecedter be 6cW to be a Rai~er of any of the at6er terms t~ereof or of the nate savsrd 6ereb~ 12 That in order to aadente ~e macuer~ of cbe endcbendaas bereb~ see~red becawe of ~he failu~e of ~be Mon~ co pay anr us aases~ma~y liabilitr~ obliguim ot encumbraoce apoo said piopat~ ss herein pro~ided. it s6aU not be necasar~ oor requiaite that tLe Mort~a`ee shall fint pay t6e sarne. 13. T6at if tbe Mo~ s6a11 fail. neglat or refine toe s period of thirt~ -(30) days fully ~ued Prompty to psr tbe amounts rr qu:red io be paid br c6e noee hueby seeuscd o~ tl~e ioterat theran specified or aay of tbe s~ms of monep herein referred to or beceb~ ~e- cured~ or otherwi~e dul~. fuly and pran4tlr to perfonn, ezaut~ eomplf witb aod abide b~ eacb. e.ert or any of cbe ao•eaana~ coad;cioo. or ~e;pulsdoas of chis mo~c~ cbe prara~ory aoa l,ereby ~eewed audj.r ~e ooo~eruecion loan agnxmeay if anr. tLeo? and ia eather or in aoy of suc6 evenb4 witLont noti« or demand, t6e ~aid agQregate sum meatioowf ia aaid promiswqr noce. las previous pa~ if anr. and anq aad al) sums mentia~ed 6erein ot saured hereb;• s6a11 beoome dne and payable forthwitb or tbemher at t6e ooaanuing opdon of tre Mo~agee as full~ and aaapktdr as if taid a~regate sums wete originallY stipulucd to be paid at anch tiro~ anything ia said pnmi~or~ nae or heraa to t6e aootrar~ mtwitLstandin~ and the MortQagee ~6alt 6e entitkd t6creupoo or thenahet withwt notice or demand ta io- scicute snit at la~s or ia~qmq• to enforce tbe risbes of tbe Mortba~ee 6eceunder or nnder sud pmmis~ocy note. Ia t6e e~ent o~ ary ddsult or breach ao the part of tbe Moct~a~or 6ereunder or under ~aid Pro~nis~or]? naq tbe Mo~tgasce s6a11 6a~e the aonrinuing optiao to mfonoe pay~mwt of all swms secnred bereb~ b~ aaiao ~t iaw or bT wit ineq ~ ta foralae tbia mort~age~ ather or both, aooeurraaly or otberwisG and one sctan or suit ~6aU not abate or be a bu ~o or wai~u of tbe Mortgagee's ti~t to imtitute or maiatain t6e a6er. pro~ided said Mort• g~pee ihall ha~e only ooe payment snd satisfaaion of aid indebtcdna~. . 14. T6at in tbe event that Mo~r s6st1 (1) coment to tbe appoi~ment of a n+od~er~ mstse or liquiduor of all or a su6stantial parc of Mor~r~~ s~ or (2) be td}' cued a bant~npc or imol.aoy ~ fik a~oluotac7 Peadoo in banlunpte~~ or admit in writins ia mabitit~ ~o ps~ ib debh u tLe~ beoome due. or (3) make a~enaal auignment for tLe beuefit of aedito~ or 6te a petition a~ a~wet salrin~ reoreanizu:on or anangament with uedimn, or to take sd~ants,ge of an~ ~nsol~eacp law, or (S) fik an antwer admitting tLe m~ teciat allegatio~ of a pebtion Sled a~aemt t6e Monga~or in an~ bankrupte~~ reorgani~ou ~ iwel~ene~ peoceedind or (6) accioo s6d1 6e eaten b~ tbe Mott~agor for tbe purpae of effectios anr of t6e foregoia& or (7) an~ order. jud~nent or detree ~hall be mtered npoo sn appl;ettion of a ereditor or Mortga$or by a oourt of aompetea !'urisd'ectioo aPP~~i i P~~ ~~L sPP~trnent of a ncei~er or tru~tee of all o~ a substantial part of tbe Mortga~or's a~ets aod ~nc6 order. iudg,~aent or daree sLal1 aone;ane un:cared aad in effeec for an~ period of cu ce,rc~ (30) oo~uecu~.e day~ rbe Marc~ag« may deelare rhe noce berebr sec~red for~hwich doe and p>>able~ when.pon tLe priacipal of and the interat ~eerned on tbe note and aU a6er sums 6ereby sanred s6a11 beoome fortLwi~b dne aod pa~abk as if aIl of the said ~ums of monef - werc origiaallr stipolated te 6e paid on soc6 day; and t6ertupon tbe Mertsa~es witLout nwiee or demand ma~ proiecute a s~ric ae law and/or in eqnity a~ if sll mooia ~ecatEd 6enb~ bad maturtd peior ~o ib jmtitntion. 1S. Z7?st tbe Mott~s~a or any pe»on aatbotiud b~ tre Mottss~ee i6d1 6are the ri~t m eater upon and iropoct t~e aartp~ed premisea at all reawnable times 16. T6at an~ sum or ~uub which ma~ be 1wued or ad.anad 6r e6e More~ee o~ rbe Morc~agpr u.n~ ame ..;~in an (~o) yean from tbe date of t6is in~entarq tu~etLer ~titb interat tLenon u tbe rue ajceed npon at tbe time of socb loan or sd~ance~ ~6s11 be eqaaly ~e- cared with and 6ave t~e ame prio~iq as tDc origiarl Indebeednar and be wbjeu to all tLe terms and pro~isiom of thi~ mo*t~aye: Pro~ided. chat t6e s~e~ate aaoou~ of priocipal outsandtas at a¢~ time ~Lap na aocssd aa aaoount eqod to one 6ondred and Rit~ per omt (IS09G) of t6e prindpal amonat orisindl~ ~aured bereb~r. - 17. 'i'6ay if nqaired b~ Mort~ee~ tbe ~aid Moetp~oR will pa~ mto ~e Ma~ oa the firu day af ac6 aod e.eq aoasecau•e monch, a sumeq aal to ooe-cwelfcb of ~be aaaud amount oeoa.arr eo pa~ di .asn and a~a~mena a~siaa tbe said morcgaged pram~ay, said rnancLlr sum to be estimated sold~ bl Mo~ and akulated tu be an amaunt oot la~ tban tLe amount of taua asea~ed a~aimt ~aid mort- 8i~ Pranisa for t6e ptcria» y~ea~. aad f fnrther raqoired bY Mortga~ee to P~7 al! imarauoe praoiura in manner aod form ar pro~ided 6erein for t6e p~yment of. tau~ aod ase~. ~ 1=. T6~t In t6e e~mt tbe lo~n w6ic6 t~tsmote~t ir ~iren to ~ecure b made for tbt of finaados titret tbe ooo~tucdoo of ~w bdldinp or tbs aomtruaioo o~ lmpewtmeab aad/or addidaoi to Rbdos bdldit~ tLsp 1 o~r~~u~ tfreq~drsd b~ tLe M~ee. ap.-erl~ ascret to depo~if•wtt6 the ~lortp~ee oe t~ d ` ~seot an ~mouot of maoey pual ~s t~t ffirraoe betwtea tLe nu proaeds of tht loto and tbe tatd amoua~ ar determ3ned b~ t6~ad 1M~Ioct~ee,req~dred eo f~l~ qmpMee sdd ooo~rncdoo in ~ooordaoa wltti tLe pl~a~ uid ~pedfkatiam tieretotoa ~ubmiaed b~ the Mort~or ~nd a e+o~ed b~ the Mortsa~ee. 8aid ~mount of mooe~ ~dall be pl~oed br tbe Mort~a~ce ia s Zoam in P~oceM Aoaona~' !n c6e aune o~ tbe Dp~ort~a~or~ aad tbe ame ~bsll be aed b~ tbe Mortpsee oo pq tbe oo~ char~es and espmia iacurred ta aooneedon witb ~sid ooo~troeeiw prior eo di~buedn~ of tWs lo~n. It b furtber apeed tLat in the e~mt .~id oonstr~ction u not fall~ oomplaed an or be~ors t6e date wted tn t6e C,oertcacNan Loan~1~e or In tLe e~eat thst tLe wosk oa uid ooa~traeooa ~hall uase befo~ee foll oom~ktim and soe6 oa~ation ahall ooa~iaue foF a perLod e~ uo (10) ds oryf sab~taatial oontinnoo~ r*oe*ess s6.n na be made in •neh oouaroeaoo, ~en sod in any .oeh e.enc c6e ~d a~ree.ee •mg prinripal ~ inecre~ mendaaed in said prami~oq notG and ali mooia ~ecarad 6ersb~~ ~ball bec+ome dae aad pa~,~bk fatLr+it6 or eLerc~fta at tke optioo af said Mort~agee: and io the e~ent of s~c6 ess~stion of work u ~aid ooo+~action for s period oE tea (!0) da~t. or if w~aatial oontinoou~ progres ~ha11 na be n~ made in anch aoo~trnaioa, as aforpai tbe Mortp~et ma~ st ier optku enttr iata and upoa tbe mortgaged premix~ sad compkee said oon- ur,~ctio~ ia wcb manner a~ it deems ad~isabk witLoat m~ interference frao tbe Morep~r; t6e said Moctga~or 6erebr ~~in8 ~ t*~Qi to t6e Morcgagee full power aaJ aatborit~ eo make soe~ eathr i~u aod upoo aid moet~s~ed pranis~ co mcer iaoo wcb ooocraas or u- rangemrns~ a~ ms7 be neoasar~ to oompkte ~aid aomtrnctioo. and ~o e:pead as~ monia ranaim~ ia »id °Ioao~ in Proas~ Aooouot" ~nd in addicion an~ suma of nwne~ oeceaar~ to oanplece aid aomcroction: ud aa~ and all mooia apeaded br t~e Mortga~ee in ooonaYion w'seL sucL oompkcion of oom~rnctiao in esass of tbe monia in said "Loaa~ in Proce~ Aoooom" sb~ll be adde+d to t~e said prioci 1 debt and ~6a11 drsv? interat at t6e rate prarided in said prxnis~orp not~ ~d~~ secared b~ ~~aortp~ and ~6all 6e payabk b~ t6we Mortp~or ~~m~. aQax259 Z43 anox PACE g ~ = - ~ ~ - ~ ~ ~ ~ - a - 4~ ~ ~ - ~~-Y '2