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HomeMy WebLinkAbout2651 s s. Tlue ia tM ~,rsat of s sdt beto,~ ia~titw~d a ioncloK ti~ aw~ ti~~ ~?W b~ ~etitM~ a ap~ a~t aa~ d~ decL= sucs loceeiaun swt ~o tLe couct hs~ia~ juri+dktios~~ ~ot t~ sppoiotmsst eE R nce~is~ d sll ~ad ~i~ u t?e more~a~ed MrM~tr. d of alI notr. tuoooaa, Profio~ kwis aad ~eaua d~ereof, leom ~bat~ot+rtr ~ouroe derlnd; aod t?ereupoo lt i~ tienb~ acptewy? omsao~ and ~rced tbac c6e oourt ~fall tort?wit? appdac ~uch ~eoeirer wiJ tLe wual pewws soa duda at reoei•en. ia Uk~ ca~a; ~ed aid y~ poiaemeae ~6a11 b~ ~sade br tre oouK a~ s maeee~ of ~aia rt~bt 1s trs p~e~ sad wttioot eehcseoe b t~e adeQwq K et tN •alue of tM propert~ ~or oo tks ~ohcaq or iaot~en4~o~dE~ttit ~doet4y~e or aV ot~et ~rq~ defmdaot oa~t 11s Mori~~ ~eceb ~ped`~r w~ rai ea ~bs ri~t es objxc eo tM aPPotneoeec ~ a reoa•a i sfocewid aod rereby upcad~ ooa~eod ~t w~o? a~p ~poi ~t ~ 1~~ e a~ an sdmkted pulq aad a~ a matm of abwluts tl~t w t?e M~oets~pt and t~u tbe wae mqr be daat witLouR 'rbat it W Proceedin~s ~6o~~ld bs to~itutei! ~aia~t ttie ~q? os~ee~pi tW eott~e upos aq~? od~r lim or elaf~ w~ •uperior or uaior eo tis lies ot t6i~ tbe M~t~~see ma~ ~ ta opdon immediate~ upao IaMitutioa af w~d wk or da~.tre pead- eaey t0eoeo~ declue t6i~ a~o~tsa~e and~~btedna~ ~eenrsd tiereb~ dus aod pwabM forthwk? ud eq at tb optios paoeea ~s ia~aeio~t t6is mwtpga 7. To pay all and d lu tbe awa~ fee~ e~ ~nd ssPeo~e+ o~ raf ~dudiui die oat o[ ao ab~er~et oE ttde a aid I+oi . fouud eo be oon.eame or es~~sat in aca neseioo wieti.sqr sujt fw t?e foe~eelaaer oE eW~w~e~, aod aLs Ldudln` w~a tre u obliptcd to ~eme o~ not, cwooabk attornr~r'~ 4as iaenrccd et ~+rt anp time b tM lioetpp~ beeaa~e oE tfe hiln~~ Moct~oe eo~~ oo~npip wit4 ~ad abide b~ ap or snr of t~t as~easoe~ ooedltior ana itiplseiw ~ t~id ~isoq a~e~ER, er tYa mor~s~ ia forcelaure of t6is ~a~e aod ia oolkeoin~ tbe amouet ~~euesd ~terb~ wb? ~t witrerR Mpl ~noedi~pr na M ni~i- burse the for e~rery PUr~eot~asads or iacaned fot wy wd~uspae whi i~a~at trow d~et ~E n ~+L~ Pa Pp' ~~i W7~ sOd Oblijati0i~y witti LMtNt tti!!~ M ~'~7~ wdl w~f~t at f~f alf ~f a~ .tiaa e. «earei y t4 !ka Mne~ Zb tre boildias or bWldInp now or ~eafter an ~aid I~o~ i~wr~api~t IoM or dmye 67 $r~ eza~ded co~ers~e ~ri other perib, ind~ias wu ri~k imuraae if a~dlabl~ ia ~ rms 'aot kas tLan tleir iutl in~nrabk ~alw ~t d~e oat ua apea~t of tit I~o~t~ Qa~or in a aaopany o~ oompania ~pp~~ed~ br tbe Mort~eG tfe po~ie~ or polida 1o be hdd ~j ttie 1doe~asd toc3 potie~ or poiida ~f ~osurance s6a11 b~?~e aftized t6e~to a Sandard New York Cia che t+lo~t;a~cs as ies int~aac mar aPPar. and ~o deli~er sat~~d~~ or p~da~~ttie' wiea ~w~ed ~ di e recd~tar ~ k ~s ment of tbe prsmium tbactor; ~nd in tLe e~eot an~ sum of beooma neder poliey oe polida, tre~ sW~ )sare t6e optloo eo t~eed~e aod ap~ tLe samc an aooo~mt oE t6t U~~ ~eennd~r o~ b penoit eie /+lorep~ot tn reodre an~ we h. or aq part dee~eof. ior ocber pnrp,»a~ ..etb~re eherebr n:t.ins or ~o~~w ~b. Iien~ u~der or b~ ~Irtne ot d3. aea c~e Mor~ tf ic damr necasary ma p~aoe sod pq for wcA oe u er ~ ~ce'~op~a ~o foralo~e tor bnacr ~ t~s ~ wl~out io~ wd~ia~ or • ao~eeany a~ aq~' put o~ aq~ ri~ or ophoa ue~er t~s ~e~~ ~sd e~eq we? ~q_- meat absll Dar ia[crat f~ dace theraof muil paW u t4 nte oE e~t Per aat (=~Ji) ~r amm~. aad all a~! widi iae~at ~s aforeaid aball be ~ecvred b tbe lkn htreo~. Is ttis eteat W 1ow oe d~m~t L s~ffered Mottp/e~ ~11 aodf~ oE w~ 10~ or damare wic6io forh'-ei~it ~4i) bun after tie !iapp~~ ttiseof; d~e ~aitwe eo d~e mek ~otics ~laU ~oa~tito~e a detiaft ~ t`e M~- gee shall 6a~e t6e ri~Les hentn p~en !or dl defaalb. - ~ai 9. To permly aommit or snfkr oo wa~ee ~nd ~n sainain t?e imp~o~~eoer at aq dss V a~ate oE ~ood rep~ic aad oooditio~:- aed ~o do orp~~ t to 6e dooe ~o ~d pranius not6tut t6u wt11 aher e~ ctia~p tM ~re a~d c~arsetes af aid a~ i~ aq wqr impdr ~r c ~p~t~ wnkeu t6e ~curiq o~ aid mort~e. In we o~ tDt refwal. nesfeet er iaaWl~q o~ t~e to r asd ~ainaia aid . t?e byM aod ba~r ~ioterat~ at tbe r~ate ~ el~t ~~(i%) ad~aaoe in tVt bct~alf w~iei wnr s?a 11 tie aeeand 10. To ddi~ec t6e abttstt or abrttact~ o~ tlde t6tso~a~e~ propertp ~0 1~Ia~t~a~et or it~ datput~d a~cat, v~biA t~all u ali 6ma. dudn~ e~e lih of tWs mo~a~y nmaiu io eM~p~~~a o0 oE the tileet~atee aod in evmc a[ tbe fareeiosnre af d~is aa~epse or ot6er uao~ie~ of citle, dl d~ tick aod tahee~t oE cbs Mo~ L aud to so~ arclr ab~raet or aburaas o~ ttds s4a11 paN to d~e pnre6a~er er ~ru?cee. if. T6u no wainr ofaa~r oo~easot 6erein or ia t~e oblisatim ~xursd reeeb~ ~aU ~t aq dase iee+eaf~et be tidd ~s be a wd~a el ~y of cbe at6er terms ~ereuf oe of t6e natt ~eenred 6erd~~. ~ 1Z 'I'hat ia order eo aoakrau etie maturit~ of t6e indaboedoeu ~en~ seeond bea~ue oE t~s fdlare of ttie a pq sq tas sAal~ Wbilit7. obliptfo@ er a~mbraoes opoe aid p~oMcq a~ reretn ~iaea„ it ~sp ~ot be ne~oaar~ ooe requi~ia~att t~s blortp~ee W7~~ uired ~o. T6at if t~e ~LaU fai~, ~ka or refwe for s N~ ~~R1 (f0) ~s~y aod p~mpdp a pyr tie adoma~ ro- 9 P~d b7 etie~y ieeured or t~e tataat tl~eraf~ ~dlied ~e aq of ttie ~r o~ mone~ ietds refemd ts or ~ cured, or oe~erwise dW7. fn14 aod Pre~a~ eo Ped~onn. eseeuts. witti ua aWds M qe~. ~?erf ot W ef die oo~ea~et~ aoo ~ or Mipulatioas of tWr ~t=a~e, ttie promnwry note beeeb~ weored~er t6e aoe~aaioa las tp~eea~en~, if ~7. t~s. aod to dt~er ~r i~ an~ of weL e+nny witLout sotia or danaod, e6e aid wa meotioaea ia s~id ~1 aq bcco~oe doe aod P~T P~~ P~4r if al. an~ and dl sum~ aomdoned Lerdn or secaral 6sreby Pa7abk fo~witi er d~uaiter at t~e eeatiadu~ optio~ eE e1e btortsa`ee as tuq~ and oompie~d~ as if taid ~rt~ats aaies wsre ori~insll~ atip~ 1o be pdd at wd~ timy ao~ins in aid ~i~oey oote or beran ~o tbc. ~otrar~ aad the Moetp~ee stiaU be ead t~eceupoa or trereafter witlout ~otioe ar demaud to Ia- uitiue wic u law or ineq to mfoe+a t6e of the llfott~ee 4esuoder er oodet qid promb~or~ aote. Ia t~e eteat oE to,~ ddwh or brrsc~ oo tbe psrt o~ tN ot aoda aid ~aei~orp aote. tLe Matt~yee srall W~t ttie omtin~ optioo to ea~eree P=7~t of aU snms sewr~d rereb~ aetjoo at law o~ b~r sdt is ~arib b focedat ti~ mwfp~e, dtl~er a~ boti, eoee~cnmtl~ or oel~eewbe. and aoe aetian ~ wit ~hal! noc abate or be a bar to or wa~nr o~f t~e )~irep~ee'~ ri~t to io~dt~e or oai~aia ttie at?er~ pe~o~ide~d ~)rfo~t- ~se ~ball ht~e oaly ooe papmmt aod at~faedoe of aid isd~b~eaees. 14. Thu in tLe e~mt t6~t Mortp~or ~6ap (i) oownit to e4 appoi~ta~eat ~E a reo~f~er. tn~tee oe liqdda~ar of dl o~ a.oaa~dal parc o~ More~,s~~ aretr, o~ (Z~ be ad'uiieseed a b~pt ~r LMirea~y ee Sle a~+ol p~d8on L yaolm~pte~r or admit is writin~ ir tnabilitp M pa4 ils deba s t~e} beoomie ~ or (3) maloe a~aal arii~at tot tie ~~E a~edieoe~, or (4) ~le a pattka er ao~wu seddu~ reo~is~dan ot amo~rnent w~6 c~im~s, or eo ute sdnota~e of aa~ 1o~c~ iaw. K(3) flk w~ adaeStda~ tis an- terid d oE a paitJoo filed apin~t t~e .Mat~o~ jn W MnauP~7', K~? ar aetioe ~aq bs atea b~~~ tor t6e pnrpo~e of dfee~to~ a~ of ttie foce~oto` or wr aeder. jodpoeat orpdea~e~all be eata~ed opoa a~ application of • oo~ or b~ a osnet oE oomP~ I'~ ~iP~Ai • P~ ~ ~PPdotment af s reoei~a or trn~ee ~ of all or a wb~tid put ot de • n~et~ wd w~ oMa. jodoaeot or data d~p ooa~iaoe asa la effeet fot ab period ~ n (30) ooo~e~eadne ds~ t6e ma~ daeLsre e~e note 6ereb~ ~eoond tatiwitr dae aad pa wLae~poa tLep~~ of aaa : che~in~erat aoeroed ao e~e aoee and aLer sumoa ~etebp ~ecnred ~q beoooe ~oeetiwk~ doe aod p~ r if dl o[ eLe aia aoor~of moae~ were oripnalll stipnlated ts bt paid ao soeY da7: tod t5erenpea tM ~~ee whhoat voefoe or daasod mq proiecate s adt at 4w aod/or in eqtdt? as if atl mooie~ ~ewnd 6ee~eby liad matrcre~ reiee oo ib la~d lS. TLat tbe Korf~~ee or so~ pet~oo aa~oeis~d b~ t~t ~rtp~ee ~ball bste t~e slgbt to e~cr nP~ ~~P~ ~~~P~ prauiso at all ra~m~ble ama. - 1f. T6at any sum or wm~ whie6 mar be leased or ~d~aoad by de Mort~es ~o ebe klortp~oe ~t aa~ tloe wieLin ts (!0) 7an from tbe dat~e of t6ia indmtnre. ~o~Ler witb incerat tisreon at ttie rate a~eed opoe at ttis dwe of soeh lo~n or sds~noe, disll-bE ~9w1b s~' cae~ed wit6 and ~a~e tbe m~e prio~it~? a~ tLe orISia~! indebeedo~ aod be wbjeet ts aq tre ternr aod pe~o~oo~ ef ehb mottp~e: P~ided~ t6at tLe a~ate aaio~mt of Prinefpal o~andiui at aa~ time stiaU aot ~see~d as asooot eqoal ~a me rmdred sud Sit7 Pa emt (ISO'Xr) ef ~e w~ip.1 a.o~c «t~wit~ .aa~ed ~ 17. 13ay tf reqoired iry ~ tbe tdd ~oe wtll tp aela t4 ~loetq~er. M ttie 8»t dt~ ef eaei aod e~eq aoreca~d~s moetL. a sns~q~a1 ts ooatweitt6 of amwl amoou aaawr~ r ps~ all •tnon ted a~r~e~4 api~rt t4 aia soetp~ed pn~iNS. pid mont6lr sain to be e~imated mld~ by 1~~ee~ eaknlaeed b 6e u a~a~mt aat ie~ th~ tie a~w~t ot ~mr are+Ned apisrt aW ~oet- Bii~ P~ P~~ T~. ~4~~ 67 ~ m PQ all iduneoe pe~e~iaw ia maooe~ aei fas ar wv~ide~ herein for ttie pqment o~~ ta~a aod swe~oenb. iR Td~R ia tbe s~mt tM loan whie6 tii~m~pp Y to ~ewre ts e~de fot lit aE Saa~das dd~a tre coa~esue8w of new baiWiop or tre ooa~ent~aa of impns~eo~ tod/ar ~dao~ Is ~ bdldiqpr twp~, It r~oi b7 t~s aP~7 ~ w depo~it wh~ ttie 1Roet~es or h~ yeot aa asoa~t ~q eqw1.1~ at thewoe 6uw~ea t4 net p~,~~ of tLe loao and tre mal asaent, at deter~ed b~r t~e~l~e~rtpVeR M tolb aNliMs aM aee~nceio~ b aooerd~aoe whti t4 piar •ad spaificatiom ba~tofo~re aobmincd bf tbe Nore~a~or wd ~ bl etie 116eetpps. ~id ae~ea~t o! a~ese~ rail be pl~oed b~r t~e Mort~u ia a Zoaos ~o Proeea~ AoooQnt" in ~e na~oe oE tie . aod t~s ~sie ~Lall 6~ ned Ir~ tie li(o~t~ee ~r pa~ t4 oo~b~ ' eLsras aed aPeores iocurred is oooneeeim with aid oooren~ prZor t~ ~if tds {o~o. It 6 foet6er apeed twt h tbe e~at said oomtruedon is not fo1~7 ~osplaad o0 oe bdon t~s d~ts s~ated i~ t~t Lom o~ i~ ttis e?e~t tbat t~e wort e~ sa[d comdvetioo ~iaU oaae befoes foU aom~leHa~ aod aKi a~raio~ srali ae~tiaoe !br a peeiod aa (10) ar-if ~abqadal ooadnwar pr~~ea al~a11 oot be asde Io ~oe? ~oo~rua,oer dKa aod L aq we~ e~at tb ~dd ws„ PetaeiPd~ i~ee~ay seatio~ed i~ ~aM promisoe~ notS ~od sll soota ~eeared tieteb~ stiaU beoaoe dae ana K at t4 epeios oE atd K ee; a~ f~ tbe e~mt of soe~ oa~sdoe of work n s a o sai~ eoa~troe8o~ tor s of 1u (10) dq~ or if eo~iooeu~ p~opew aot be made ia saeti oo~qrouioa. a~t~e ~~oe~aq ~t ib ~pttioa eaas Is~e a~d a~oa ttis ~ra~r-~•oo~mpkee afd ~oe- ~4etbs ia suci ma~aer a~ k deer ad~iabk ap i~terfeeNOt ~i+eo tM We~~: trs a~ ~ee~6f d~! ~ R~d~i a t~e Norcp~ee !ul! power aod smioriq a mabe ~ eot~ iMo a~d o~o~ ~~a~ed m ea~a las soe` aa~crad~ er ae~ ransaneou ~s mn be ~eo~r~ ts oosp{ere said aoa~en~tio~ Ya M espeod u~ ~oaie~ remi~b `aW '?~or L t~eow AooowK" aod in additiod aq n~n at soae~ neoaraq eo ooa~pl~t rdd te~eruetfoa; aod asy aea ail soain espe~ded b~ eM ~~ee i~ aoeeetiM wi~i soeti eaopletioa oE oooaroctba in esoew ot ~be moaia h aid "'Ipao~ ia Proaw Aooou~t" i~U be ~idea t~ tie aid ~ti~dpai debt u~ s6a11 draw interat at t4 rm tro~ided La ~aid pem~iNOr~ ~afi be seeored by tN~ voet~y ~a1 vtdl be l4~M 5f ~~~i~ ~'K~5 P~2~~8 ~ ~ P ~ _ ~ - - - t,~ y~ . ~ ~ 4, ~f-j i-~