HomeMy WebLinkAbout0090 T0~?!~ YITB all addi~iona, r~plaaeasnta and 3~pro~e~sat• te a~y ot t~h~
to~egoing, ~~d all and ainQulsr t?bs tsnsrrsnta, b~sdita4snte aad appwrtenar:aes
trlie~c~eto bslo~, aad t'Ds reate, isauss and pzoi'iti• ~h~'eot, aAd also all tbs
est~?ts, Mg,6t, tiL1e, i~Learset~ l~oaiest~ead, darea~~ a~p~?rat~e •s~at~~ posassaioa,
clai~ and de~and vhataos~, ae ~s]1 in lsv aa in equit~, o! t??~ said Koa~t~goar
in and to t,be Aoartgagad Pac'ope~`tj? and evsrr'Y 1~art thersa! vith ~hs app~rt~eriaACea,
apecifiosl].y inalud~ng sll ri~hta and eqnit3,oa of red~ption, all of Mhiah ars
hereby sxpreagly ~~.ved. tLll ot the forsgofr~g, vhetber caasiatir~g entiraly o!
resl prq~l,~r or' en~irsly ot cbe~ttala, or o! bot~h rraaal proparty aad chn~t~la,
ia Lare3n tcar aozmeniencs cslled tbe "~oa~tgaged pzopart~y") .
TO Hl9S AND TO H~D th4 said ~ro~rt~6ed Pi'aPa'tT ~ e~'Y Part thsreo!
unto t~hs Hartgpges forever.
PRaVI~D AI~r1`YS, a~d t~ia arortgage ia aa th~ exprsaa condition, th~t if
ttbs l~tart~agor e2sa11 pay car oanse to ba paid all o! the ~eya msntioned in asid
'bbligatioa" ar.d tl~s 3ntereat thereon, all at tLe time and 3r~ tha a~naer aa
there3n agresd to be paid, aacoac~dir~g t~o tbs t?r~ 3nteat and ssan3ng t~t~ereal,
and ehall pay all other snaa p~o~vided to bs paid by this mo~ctgage, arid al~ll
perfora aad abide by all t?hs aaRer~ats and agreewe~nta herein aad in se~id
'Kialigatioa" contai~ed, t.hen the8e preserrts abe?11 bs ~ro1d and the eetat~e herein
aud hsreby gvar:ted sball ceaee and de"~e~cs43as.
~liD 3~ID 2f~t~f3at doss hsreby dovenant xitb t.he Ho~tgagee ttjat asid
b~salute saMa~sr~o~f ar.d
in poa~a~don otdssid acrt~aged proFsrty~8t~h~t ~e has
a good righL; iUll. po~rer and lawtlil. authar3ty ~l.o coaveT t~he ee~me in t~tre aanner
and far~a bersin eet t~r~tb; l.1~t aaid progerty ia !'rae aud c~ssr ot sll liens
of w2ntever ~turs~ e~ocept as specit~oally esntia~ed bsrein, and Mo~tgago~
3hll,y tiarranta the title to ea3d propeac~ty and r3]1 deYend the aaws a~ainat a11
lavft~l cla3ss and daaands emce~ i`rv~ tbe uarranties ao~tai~ed in ths encu~-
brances berein speciPic~lly set ferth.
',i
AND T~ HCRTaAGat does 6ereby tlir~ther coteoanL, pra4tee ~nd agree aith
t~s Koartg,s6ee, its anicceaaara arjct aas3gz~e, as tallars:
1. HartgAtgor x311 ne?L oc~it a~ xaate, or veaken or ioap4ir t.he seaurity
ot thi~e a~ort~a8as ~ P~Y, Prior to delinq~iency, all t~axee sad aaseeements
lev3ed oe~ ~s~osed ~i sai~d.PY'o~SrtYf:_Mi11 kse~P ~~6~ P~~'~Y ~
in anc~h maatiear an~d i.g ~uah a~o~un~s aa Ho~rt~a6as _rY •~1~3 ~~ill not
re~avs a~y ot~sttels! ft f.ucluded in thi.a~ ~oo~t~gs, .,~'rpw_.t1~s .pre~nissa.aLe~re t2~ay
ars nai eitnitsd, rithout Karl~ga~ee+s~vrittea aaasent.
2. In t.he e~roat o! anit ~o .to~ecloes th#a ~~e, Har'tg,~gee aball be
' entitled, as a matter ot righ~~ ~rif.bout rsg~urd to t~6s value ot t6s 'ortg~ged -
parapsrttiy oar to t.be aolv~aay ot Mort?g~goac~ and ri.LLait noLice, to t~6s appo3nt~snt
o! a Recei~sr ot t~he ~art~ged prape~t~Ey and t.hs ipcaoe aad p~ro~tita t~Dereol.
~ 3• In tbe a~renL ot Maartgagar ~ s lytil~s to pay ta~oea, ooc td loeep t4s
I paremteee ineured as required, Hort~agee my?~ sL its aptiati, bnt ia aot rsquired
to, aialoe suah p~yasnta, and t~6s swa ao advanced at~ll be repaid by 2~oi'tga8oar
~ xith inte~est as pa~ovidsd 3a ths "~fb.t~gat~toes", aAd ssid a~s ao paid by tbs
Mcm'tgaBee ahs~l bs eecvrsd by t.hte ~o~t~etgs.
~C. ?a tbe e~eat ot aRy dethult in Lhs teroa ot tbe '~ligation" c~ thia
mo:"L~age, Nartgagee ~ee?y, at ita optiou, ~rs t?ba who].e indsbtedneas eecwrsd
! the~reby to be 3aesdista~y due aad p4yable.
~
5• T1~at ua e~ctension aor moditication ot tba pnymsnts to be si~de aa ~
~ heaceiasbo~ve eet tor~h, aa~d ao rele~es ot' aay p~r.t c~ p~ta ot ~ha dortg~sged ,
~~'tYs a~ o! at~bar collate~ral aecuring the abav~e-described indebtedneaa, ~
e~ven tbougb ~ade xithout conesat ot t~be tlort~sBor, ehall releeee, ralieme, or
; dischaY'6e tl~s lla~'t~?go~ ~ro~ tl~e payiesnt ot aAy euoa bes~sby..se~ared, and
~Io~tg~gee .aball hav~e tbe rig~it t?o re~leaae l~roe~ t~bs lieaa La~reof a~? po~tio~ or
Pd~~ at the sos~'Lgagsd prope~rtys aa~ other callater~. beld aa ssaurit~ !rr
' eaid iadebt~sdnsas, lrreepsc+~iv~e of ths value o! taia rel+s~tMci Pat'tions xit~bout - !
~ atleoLing the lie~n hereot aa to tha poartio~ os portio.•ie not rsls~eissd, natirit~6-
i - s~and3ag t.hs tgct tbat eucb rileaae . aac~ releasee ~eay be ~ds xit~oet~ la~ledgs ;
i or co~naent ot t~Le Moa~tga6o~', aar ot at~? Orantee o~ araateee at p~rti~ns ef s~rch
P~="ty theretoiare aold.
~
0 R , _ _
• Ba0K~6~ PACE ~8
~
.
„ _ .
a 4~':~ ~~~~x~ . ~ ~ ~,.~x~~~ ;r