HomeMy WebLinkAbout0758 ~ • '.j 1 . •
Ot t11! ~IQltjrj'N b~OOmf ~N ~1'1tdOliL iild PT00lO~D~ fIW ~ amasWLOd ~ uN ~dOT~~
Pjl~ tOt ZD! ~'lOO~YlT7 ~ b7 ~ t111~ D~ 0! Vl i1V O~Ifr 1p~1111f! pl~tt~ b7 ltw M~b! YOi'~~
l~.,~Q~~ I~ UN DOt+! Ot lII Z111{ ~IOT~faa~ ~O vl! OODLt'Li~ ZMI~ltO ~~~0~. U t0!'N
t ~11d ~~Oi'~~
C10A1s'! t11b Lll! ~Oi~~~ t~t~1 D! i1~O~Rla M•~tt C~ th! ~QDL~ ~lC1L~
aso~' •s~• to v4. au oorts ana s~+a~.. meusr~a ia cooo.etion u~.rrwiw. todnmas rea~onabit .tto:sq". t~ oac at
tltle aod tau s~areh aad tM ~act,~nsba to d~te d~n abdract ot tlW ot tiW poBq: ~ad W a~ wich tor~dowm Droaed•
ln~s at~ ~ettlsd b~tore tbe ooownnmaUoa tberaa[ or tLe e~tr~? of ~dtm~n~ W snci~ oasts and a~ ~ oth~!
cdar~ea ~0 lncure'ed. mdsWtn,~ ~ re~bl~ wttoeae~'!t~, d~ll n~ts!1MS b~ Wid. Tb~ l[oet~y~~ ae W Paet~?1n ia-
tered. belns tM h~l~st W~Ber. m4 ~ a!~'~ at w~ip tor~orur~ s~ Aa~? ekcttaa D~ tbs ~[a'~ta~N a~ D~e~ln pro-
v~dedtor mq? D~ po~e~d im~dlab~ upon 8~aoit. ae at W tlm~ t~eratter. a~W Aotbtns d~W b~ ooa~tzwd ~o be a
~ wa[w
ha11 sl~fit ~ ~oo~m~ttaa iean
~ Oonititutla~a
and Lai~s ~
AP1D TSS a[OR'l~GiA(iOR FIJRT'HIIt OONVffidAN1Y3 AND AtiRS83:
1 1b pq ths P~dPU ~t~~ wlth int~re~t as 1n tbs note provWed. 'ib pRp a4oath4?,tmW tb! lliost~s~el.
in addttfoa to and at tM time and plao~ icr eucb pa~meat oi PrlndP~l aad 1nt4rest; eui ~t .Ot each at tDs tallaw•
~
(v Taxes ani ~nent+~ s~1 ~~?i. and aD otl~ char~ea 3~vled or to be levled a~alnsE tM p~emtNr. ~
(b) Preaotums to become due ~ad pqabit i~. aM.to rtnew. the fns~trance on tM preanf~es a~ai~ut loe by nre and
atda-otl~er.hmr~: ~altNs ~nd.oonttn~s as Leraia pnovided for or re4uired iro~m tlms to tim~
The ~mount ot tl~e res~pectlv~e anontl~? fnstauenenh s1Wl be eqwl W tbe an~ount ot tl~s anaual raspectiw ebar~ next
due (as eWmat6d by the ldortt+~~e~. la~s ~11 installa~ents ~le'e~~? D~1d therefar. dlvlded DO? tbe n~mb~ o[ moatl~ !n-
dall~ab tL~r beowntn~ dw ~t lat~r tban are moath pelor to th~ dw date o[ un~ wdi ch~s~ aM s6a~ be sub-
~ect to increase ae decre~e W Me e~ct~nt re9nte+ed to create aa ot a naath~y p~ymeat date an t1r~ ~te not lai tl~a ooe
moath prlor to the dae dat~e a[ an~ aneh charse. ~n aawnaR w~tdent for tLs-p~,yment tLereo~ wbea dw an~ pnyable.
In no rvaat sDari tLe Mostga~ae reoelvbs ~h P~t De 11eb1e tor w?- faterest oa W ~a~ount patd to it ~s 2~erein
reqnlred. and tLt mone9 ~o reoeiv~ed mRY be hel~ with ib awa tunds peadln~ pay~neat ~ appltcatiou thersot ~s ~ereln
pravlded. Tbe ~iori~+~oe d~a11 turatsD unto the Mortsa~ee st least Siteea d~ys before tLe due date an a~Icial statanent
o[ the aaw~u?t a[ any' Woes or ~nenb neri dne. a~ suCh ]r[a~ts~ee thsri p~7? tbe abov~ char~es W tl~e aa~ount o[
tbe tbm unmed credlt therefor as and wsea t~? beoo~me seve~aq~ ~ and pqabl~ The Mortpsee my?. ~t its optlon.
~or !n esoer~ tha? am
~ot credlt tor ~aid~cl~arLe~ ~~imount advanaed
~ be i~amedlabeb? due
and p~yable W tLe Mort~e aad a~all be ~red as an ad~idonal prlndp~l wm under thh lndeumaat a~ bear tbe aaare
rate of fnterest lro~n date aS advaaoeanent as tLs prlndPV indebtedner. An o~ldal reoMpt tberKor shNl be djncludve
evldenoe at sueh pqment and a[ t1~e vWdlty o[ web cbar~as. TIIe Mort~aQee nw appb Eeedib l~eld by it tor the abo~ve -
char~es. or W P~ aa aocount ot W aeUn4umt indaWrkub ot prindpal ae laterest or auy otber paymenta
aaaWrlnt or due under thfs lnstevaneut u~d the amount oi cev~dit e~ciWn~ at eqY Ua~e shall be reduoed b~ tbe amount
tberea~ paid or ~PPSed as herela pravjded. 'Ibee amount o! the exWin~ cr~dlt h~r at the tlr+ae o[ an~ tsaader a~the ,
rea
P~ sh~ll without ardg~ment tbereo[ innrs to the benast o~ tLe sucoeaor o~raer oi th~ propert~ and sAall be appli-ed
uadar and sub~ect to all oi tbe provlstons hereoL Upoa tt~e P~yment in i~ill ot tLe indebtednas, the ama~nt oi any
unused credlt ahall be applled to tAe paymeat thereoL
TDe Mort~ee niaY aollect a"late elurge" not to ezoced iour cepb (dc) foi each one dollar (i1.00) oi uch monthly
lnstallment payment re~luir~d oa the note and nnder this s[crt6+~8e whkh b mon tban Siteen (1S) days in arreus. to
caver tbe extra espease inv~olved tn bandling delinqnrut ps'ments. "
2 To pay. wtkn P~Y~. ~11 taxes and useamenta. Benerai or speclal, water r~4 and ~round rests aad sIl otber
cbar~ea v?dtsoever levled npoa or as~es~ed o~r p1~ae~ a~aiast the Pre~at~a. PmvWon for wblch 1w not baa maile here-
inbefore. aad wlll ProamPWr deltver tl?e o~clal recelpts theretor to tlk ltort~ee: to 1lkewi~ P~Y W tax~, a~nb
aad other cbar~a, lrvied upon or a~eascd. Naced or made nB~~ tNs inrtru~t~eat, Qe t6s indebte~ o~ atp Interest os
ths ~tortgagee 1n the premises or the obli~atbns secured herebi?. PmvlBed tbat the payment c~ a~q? mch tax ~sseas-
t~t or eharge bY tLe Mort~agor is not oontnry? to Iww or arould nat reault !n the p~Y~t oi an ~m4wtnl rate a[ intec-
~t ~ tDe indebbsdness hereby securad. In t6e event oi the pas~age atter tbe date a[ tNs lmtrument a[ atqr -Lw o~ the
Stste. or suDdfv~dan thereoi. wherein the Premtses are dtuated. creating or provldln~ for ~ny ta~c. ~esmxnt or charge
~ whid~ bY the abo~ve Provlso b not to be paid by the Mortga~or, the indebtedaess secured herrby to~ether witt~ lntere~t due
~ tbe:eao. st~a11. at the option oi tLe Mortgagee. become immedlateb due and WYabl~. and in the eveat pa~ment there-
at b na~t ma8e forthwltA. tHe Mort~ee ms3? take ~ cause to be tal~eu wch actbn or prooeedtn~ as any be talcea bere-
~ uader fn tLe Ge~e a~ at~y other d~ault in the pa~rmeat oi the indebtednes~.
' 3. To keep the buildings and addittona tDereto on or hereafter erected or pLced upon tbe laud lnwred agaln:t loas
~ by flre aad such ott~er Msaras. casualties and e~tiageades. fncluding war dama~es it at atq? tlak a state a~ wu e~dsta oe
~ it appean W tLe holder os ~he note tlrat vvar is i~rrmine~t, and in such amounts and tor such perlods~ as ma~ be required.
!mm tiine to tlme bY t1~ Mort~ee. and to P~Y P~PUI when due all premiums ou au~ insuranae. Prov~n for pay-
ment ot whlcl~ has not beai made herelnbefore. The polides o[ jnsunnoe ah~ll have lo~s p~yable providoos aooeptable to
ttk 11¢ortgaBee eM s6all be del[vered to end ~eld bY the Moet~agee, or as it may dirat. nntll tbis l[art~g~e . b a~ttdhd. ~
Renewal polides ot lnsuranoe. Preminms for w~ch have been fuily paid. are to be i~trnifhed to the Yort~ee at lcatt
stteen d~ys Prbr to the ezp~iratLon date a~ the inwrance tbereb~r renewed. Tbe iasnsanoe abaII be wrKtm in oompanies
•PW'oved by tbe MortB+~gee: ia nq eveat shall the MorEQagr~ be held for failnre to pq foe a~r ina~raaae
written or ror ac~y loas or daau~8e Si~o~wi~iS out oi a defeet in an~? Po~~wins out a[ auy f~llnre a[ uq lnwranae
company to pey for any loss ~ dsmage ~nsured a~ainst. In tt~ event a~ lo~s t~e Mort~agor ahall I~re immedlate notioe
by mail to the Moe~tgagee who msy malce proo~ of loa~ if not made P='omPtiY bY tbe Mort~agor: each inau~anoe cu~npaqy
ow~cesned b.hereby antiwrl~M ar~d directed to make payment for lws d[red]a? to tbe Mortgagee instead ot to tbe Hort-
~a~or aad the liort~ee ioiaW?: tbe inwranoe psoa~ or eu~? Part tb~reoi. may be aPp1{ed bY tLe Mortga~eq at its
option, to the e~cpen~es, it any. fncurred by ii 1n tLe coIIeeUon therw~ to the reductiou of the lndebtednes hereby se-
cured, to tbe raRoratbn or repafr d tLe Propert~? dsnna8~ed. or released to the Mortgagor wit~hont lfab~iliq npon the Mort-
ga~ee for wch releda All poltdes oi inwrance are hereby asai~~ed to the Mortgagee as ad~itlonal ~sault~ ior tLe py-
aient ot t1~e sams and interest seeured herebY: fn the evtnt ot fareclasnre oi Ws l~ortgag~e ae~ otber trander a[ tlt3~ to the
premises 1n ~zt~uidimeat oi tLe indebtedne~s. ell rfght. Utle at~d interest of the Mottgago~ W aad to a~+ faaraaoe
pallde~ tben in fo:+ee shW pas~ to tbe p~a~es ar ersntee.
- ~ To oo~pkte witAin a rwoaable tlme any buildin~ or bnlldin~s now or at any tlme fa tbe prooea~ oi erectfoa upoa
tb! 1~Oa aOd t0 PZ'~Pw ~PVr~ 1'!f!O=+R O! 1'lb1i~ aII~ ~ O't IIDQl~O'~AlII~i nO~I O! ~l!'t'!~~ Al 1~iQ L~ w/dCb
n!y blOOfllf 0! be dld~'07ld. ~Od AOt 00~1ID1t Ct p!lmlt t0 b! OT !X~ ql 0! abdn! t11! Ql~idli tDyth~A~
wherelfy tbe ~ shall beoonk ler valuebki to comply with all laws. rula. re~Ltla~as. or oralnanoes oi ai4 sovern-
- meatal a~enaf and not vloLte or permit tAe vlo~ation as to tbe premises oE a~qr b~uiWla~ cr use restrictlons: to keep the
land ~nd improvemeab thereon ir~e iroa~ mechanlc's and waterWa~y ikns and wlri not wRer aiq liea taperlor to the
lfen Aeated D7 tbis lnst~tment~to attach to os be entoroed a~ainst tl~e premf~a.
S. It delaWt Oe made in tbe P~U?ment a~ taxes. ~noents.'1kas. cl~tt~ ~nwr~noe prdNuuu or ac~ otLer ebar~e
wbat~oen~er. a' an0? D~rt thereo~ or 1n the pestormaaee ot a~Y +ct. to be p~ld or pedormed b' ths ~[aatp~oe under tLs .
1a~o~m a noaane~Aeemed rupedie~t aud p~y ot~sunnttbat~aeoe~r~ to grot~ect tbs ssa~rit~ ot tbts~
m~at: tbe .mannb .o p~la. ..lw mterra~t tbereoa fran tn. aace ot men pymeat ac tbe ame s.a a. eoeae b~r tn. pria-
dp~l 1n~ebted~ shW De at~ed as aa addit~l lka m tbe premi~a and abW b~ added to and b~oame a part a[ tLe
fadebt~daer secured 6ereb~~ and be immedfste4 diie aad pqabie to tbe Yat~~ee. Ao~ pyment ~ antl~otiaed to be
ma8e b~? the l[oetia~ee mU' be m~de aooordini to W bq1. ~Ratea~ent oe esttmate trirni~bd or proc~tr~d ~+om t6e ap~+o-
pelate p~b~ie a~1o~ ae tLe paet~ ~Limfn~ p~ya~rat wittwnt in4~'7 ~~~~~b ~i'~4 and th~ rsoeipt a[
W Pai?lie ofllo~r oe patt,f W tbe bfnds d tbe Yoet~ee_~h~)1 be ooncindve evldmo~ aI tb! valldtt~ and amwmt e~ it~em~
bpsi~ ' f.h! YO['fs~N i6~11. it Ms OpR10A, b! 1oD1'Dittla t0 iTl' ~bT~AO~. ~4 CL~A d! ~~11d ZO vl ~ t~h1i
~od i~e+n'nsM LO! th! p~ra~t tD~r~ot~ D~ta oe ~hu~sd witll tbe pdadp~l Ra~ /~ed bee+eb~ a! b~r ttir lLoetp~e
m8~r te~ p~oalioa~ D~no~ aN nq? sue~ a~opUa~ rf~hts ~La11 b~ a8dttio~ul ~nd wmulattPa Nea~tib to tbts l[art
i~ ~
. .
d~ ~
- - -
- _
_ _ y,~::;;,