HomeMy WebLinkAbout0850 c~ ; ~ ~ii
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OZ MR ~~~s~~ ~ if~~'~V YW ~ p~ya~ ~~i~1Y~ ~ ~ p~ ~ ~ ~f~WWY ~ M~
p~ tor tM r~oo~wrf t~ot by tor~losur~ ot tNs y[orti~te. ot 1n aq~ otbtr mann~r Wimitbd D~ law as tM ~[ort
p~ eM~ao~A~ is tM ac4 oe 1n tAft f[ortp~ ooatatmd W f~ oontnq tbthto aotwitM~odh~. U LoeM-
' .pa ~`x«~.
~r.~ wa cn. ~ss•s•• ,e.n e. .uo~.a a.. p.~t oc ~ ma.eaa~... ..e+~.a
p~oe .sn« to py?~ in oati .ua a~aM. bairr~o :n oonu~ctba tl~?ltU. iAaudlas re~o~ubi~ at~.~. r..~ oat oe
ntle wd tax .s~ .ea u» ~cca~don to aat. a'w absttacc or tlw oe uw polr,~?: .na 1,u wxh ~oeraosnr. yroa.a-
ln~s are ~ttti~d b~o~r~ tbe ooaa~mmatloo tAe~+~ot or tir enti7 at ~ud~R W weh oash and ~ aad ot1~
charses so incurred. ~du~as a rwoeaDi~ attorn~~ fe~ sl~il ~tv~rtD~iw b~ D~. ~ J~[aets~ or W P~rV fa 1a-
ter~st, ~t ~~~ti m~ b~ s pnrebaMe at ayr Lor~do~tr~ s~4. ~p ~Metbn tq? th~ ~w as l~in pro-
vsded folmy b~ purcMld l~dlaab nDoa 8danif. at ~t W tlm~ ttMl~Nit~e'i ~Dd 4othiut sbW b~ Ooe~t:wd Lo b~ a
Y~ort~qoe wvn~all tlSbt 1~on~d wmptloa ~ant~d b7 th~ Comtttntloa
aa~i L~ at~lSoeid~.Y~~ Tbe
nrm rsa xoR~?c~ax Fux~ aoNVarrerrrs arm saxsss:
1. Zb py c1r~a prmdp~i in8ebceao~...dth inter~t as m te. aott pro+?wea. To py? inoncl~ unto tA. l[ort~+~+~.
1n additloe to a~d at tM tlme and pl~oe tc~ c~eA ps~aaeat ot PelAd0~1 apd 1ntKwt. ~a lmtallaaent at ascA ot tM tolbw-
1~ ~R~= .
(N Taues aed ~arn~nt~ s~? or ~psdal. wd W otM~ ch~r~es 3wNd or to be levMd a~atart tlw pr~nl~s.
(b) Pre~n[ums W bacan~ dw ~nd pqaD4 for. u~d to•r~naw. tM lnsus+anos on th~ prami~es asal~t lw~ 6~. IIre aad
s~h ~tl~sr lusu'd~.-atlwttles and aontto~eati~s ~a herefa prwSd~d Lor-oe-iwlaf~d it+oa~ tlm~ to ti~
The anwunt a[ the rapectlv~ a?onthb iwtallineab sball De e4ua1 W the amount et tbe annual re~pectlve ehae~e next
dw (as Mdimated.b~? l[arti~i'~). M~ ~ll i~b a1n~ D~id tl~e~'eta'. dtvW~d D~ t1~ numDet oE maath~? fn-
~a~b t~or e.ooa~uo~ au. noR f.t.r tMn ao. moath rrlor to tA. aw a.a a w adea ~ar~..aa ~Sn b. suD-
iect to loeewM oe decew~e to tD~ esta~t rqulred to cnate as ot a moathb? pqnNat dat~ oa tlw not~ n~ Ni tt~an oae
nWIIVI ~OT t0 ~N dll! ~t! O~ ~O~ i1N'~l C~?~ i11 t~I1Q~ a~ ~O! ~At ~~!R dIN~A11d
~ ll0 !'1/!!lt ibi~l UI! ~Oits~jlQ l~Y~j /11l11 ~t b! ~~R TOi' ~y ~II*!*_'!~L OQ ~ ~011IIt ~d t0 ~ Y ~lt~'!jn
1'lQN1~. iQd 1bt ~IORl~ ~0 1'!Cl1Ytd 1~ b0 wlvi 1b 07~l1 11111~ plA~Oj pf~llOt Oi ippbl'~tlOn y1ll~ af ~A
~ t1110qII~ i~llIIti D!$~NCII 1[0!f
j/jN ~~r a~Y~ aiCbti~f/ 0~1 i~~1l~lL
~ L~l~ tiAll~ C!'~t ~l~O! Sf illd ~1!!l blCO~f ~~1~ ~ib~!- Z7l! ~O~'~ja~!! ID!~'/~ it ~b Op~00~
P~1' ~J? wbea pyabb, dtds betor~ ar ait,~r tb~ ai+~ dNlnQueaL witliaut notloe, or mak~ advaaaes
tberet~ 1n s~ooes d t~ amoant ot reedtt toe nid TM ~aoo~s ~awunt advanosd abaU b~ Immblat~q? dne
a~p~y~b~ to tbe l[ort~ee ~nd d~all be aecae+ed as an ab~l onal priadp~l ama uad~r tNs lmdsumemt aM beat t6s wioe
rate-of lnterest u~om d~te o~ advanoemeat as th~ ptiadPsl 1n8ebtednas. M oQklai r~oelpt tberetor sbari b oondtistve
evldence a~ sw~ pqment and ot tLe vWdlty at anch cbar=e~. The ~[oetpp~ ay~ app~ ce~adlb bdd b~ it ~os ths abave
c~ar~ or W Put tAereo[. an aooount ot aa~ 8e11n~luent lndallmenb at pdndpal oe fnterat or ~ otber p~ymeats
maturlns or ane m~ar tW. fnstnmr~nc aoa ffis amount ot credtt e~dWns a w~e saau be reauoea bs the amo~nc ~
tDersot pald ot appiiad as herdn Pi'avjded.. 1be aana~nt at tM e~tios eredit 1~es'alnd~t~ ~tt tb! tla~t o[ ao0? tranlder o[ tAe .
P~KY ~hdl wlthout a~dp~ment theero[ iaur~ to tbe bea~IIt o[ tbe wooa~or awner a[ !IM pioperqr aad sh~ll be appiied
~nder ~d sub~ect W all oi the provldons hereoL Upon t~ pq?meat fa full a[ the indebtedner. the amount oi any
tmused credtt s~ll be apQiied to tbe pyrmeat thrreoL
~be Mo:t~atee auU? odlect a'7ate ch~r~e° not to exoeed ionr oents (!c) tot e~ch one doalar (i1.00) o[ e~ mo~thly
lnstall~nmt pqmeat re4dred on the note an~ nndet tbls l[oet~a~e whkh b more tLan Siteea (1S) dys in arreass. to
cwes the extn a~cpense inv~olred !n ~ deliuqmat pa~mmts. .
Z Zb pRy. w~ payabZe. all ta:ea aad a~emnent+. ~?etal oe sped~l, wates re~ts ~ad ~ound tmb and W otl~er
char~es wlu~tsorver lrvied upon or aa~ea~ed ae PLosd a~t tLe Dr~l~ Provldoa tor wl~ bas not beea ma~e l~ere-
inbefoze. and will praaptly deliver tbe o~1eW reoeipts tberefos W the l[qtt~ee: to llkewi~e pq W t~ucM. asei~neab
aad other ~bar~es,le'vl~d upon o~ aues~ed. Placed or madt a~ainst this imtn~ri~u; ue tl~e i~Webtednar ae aa~ inLet+ert ot
. tha 1~[ostsaaes 1n t1M pr~nnlter ae tbe obilgatiaas ~ecured 6ereby. P1'o'r?18ed tAat tbe pprme~nt a[ auy tu~h ta: aseas-
y~t or eLar~e b~? tbe ]tort~a~or b uot ooatruY to Lw or would not result in .t6e p~l?meat a[ ~n unlawial rate a~ iater-
esc an tee maebtsaaes bere~ secuned- L? the e~?enc ot tbe p.w~e aiter tbe a.a a tbis mstsnnaeat oe .o~ la. ot tLe
State. or subdlvldeu tLereo~ where.in tbe premises are dtuated. cre~atln8 or Provldins toe W tan. a~e~oeat os cLsr~e
' wWch bY tLe abore prnviso b noR to be paW bY the MortS+~Yor. the indebtedaea ~e+tced ~+eby totetber ~rith inten~at due
' tbei'aao. aha11. st the oPtlon o[ t6e Mortga~ee. bEOOme Immedlate~j? due and PR7ah1~. aIId in tLe eve~t p~ymeat tAere-
~ a[ b not mads foa~thwitb. the Mort~agee maY take o~ cause to be talcen such actbn ot~ Droaedin~ as mq? be t~kea bet~e-
~ anda~ in th~ ca~e ot an~ otber dehulE m tbe payment oi tLe indebtednen. -
3. Zb keep tbe bufldin~ and ad~Uons t6ereto a~ or bereaiter erected or pLoed upon tAe lsnd fnwred a~alnst loas
b~r tlre and wch other hs:ard~. casualtfes and ooatln~cles. lncludln~ war dam~es ii at aq~ Ume a state oi war ruists a
it appe~n to the holder oi the not~ that war b ia~minea~ and in sucb amainb and for aich perlods, at m~y be reqnired
Leom tlme to Hme by tlk Mo~tp~ee. and to pqr pmmpt),~ ~vLert due aI! premiums an such Wsnrance. PrnvWon for pap- '
ment of which has not bera made"hereinbefore. Tbe palldea at inwrano~ atiaII have Ier P~ P~ ~xp~ble to'
tLe Mortga~ee and dWl be delivered to and held b~ tLe ![oct~a~ee, or as !t ma~ dit~ct. until tNs Yort~are b s~tla~ed.
Rene~vsl palides ot lnsurance, Pr~t~ms for v?hi~h Lave been fuU~r pak1. ar~ to be lhrni~ed t,o tLe ~[t„rtsajee at ka~t
Slteen days P~'br tio the p~pirat{o~n iate o~ the iaw~anoe tLerabp reaewtb Tbe lnsur~aoe atuII be wrl~n !a ooo~panies
approved b? the ~[ort~a~ee: in no evait sball the Most~a~ee be hdd rapoodble for ~sUnre to pq far an~r insuraaae
r.suten or tor a~ ~s o~ a.m.8e ~ ouc ot a defect fa aqp polkt or ~ out a[ anp Latltue ot an~ inwranoe
oonapany to. wu? tor aaY 1o.s ~ a.mage i~urea a~ainsc. In the evenc ot lo.. cbe ltosc~ar sh~tl Sfve 1ma~edlste notloe
by mdl to tLe l[ortga~ee wtw mq~? m~lce proat a~ los fi not m~de Pro~Dt~y b7 tLe Mort~a~or: eu~h inwraaoe ooznpaqy
ooaoerned b. bereby auttwrised aad direetcd to mate pmq?ment fo~ !as di~7? to the Mortgatee lnste~d ot to tue Mort-
p~or aad the Morti~ee 7oiaW?: tbe lnsuranoe P~. or W D~ ~Y ~ aPP~ bY tbe Mart~ce~ at its
option. to tLe expenses, fi aqY. lacarrca bY it in tbe collectlon thereo~ to the redactlon a~ tLe lndebtednas bereb~ se-
cured. to the restor~Uon or r~epatr o[ the Propert~? dams~ed, or relt~sM to tbe Mort~a~or wlthout 1fabWq? upou t6e Mort-
~agee for such release. All pWides a2 iowranoe are hereD~ a~d~aed to tbe llort~ee as ad~itfo~oal sswrltp tor the psy-
~t ~c ~.~..na m~.c,~na b~r: su we ~t oc t~ ~c ~e~~.se o: ocn~ a.n.~ a nw to cu~
premises 1n ~t ct tbe indeDtedneas. all ri~ht. tltk aad int~^a~t ~ tLe Dtoet~a~o~r in and to aq~? fowtr~ooe
polfdes tDea fn foroe sbW p~s to tbe put+cluser or srunt.ee.
4. To eaap4te witbin a reuooable time aq~r builains or buildin~ now or at aap tlme in tbe pruoes ot erecdon upon
tLe Lnd and to pi'omPW? :'ePdr. ratore os rebufld any buiWia~ oz ianprovements naw or bereaiter. an tbe laad wL~ch
w~bereb~ t1~ rea~iw abaII beao~le~s valuable: to ooaapbr
w~kh W rnles. re~latioo~. ~tr~a~ao~a~
~Crv~ern
menw a~cy am ,wt vio,ate or pamtc tbe violanon as to the pren?~S ae an~ adwtns ae use raatetMaa; to t~ep tbe
laad and hnpra~eaa~ts tbenwn tree irom mechaniNs ~ad mater4lmen'~ 14m and w1II not su1[er aqT Hea wtperloe to the
UeA ereated by tNs ia~tsumeat to atta~ to or be ento:+oed s~atnst the piembes. ~
S~. It det~ult be m~de !n tLe pqrment o! ta~ce~. ~raan~b. Ikas. elaimf. inwraaoe preminms oe aa~? ott?es char~e
wAat~ofver. ae W Part tberea~ or fa t1~e Deriormaaae ot aay +et, to b~ pdd ~r:perloraxd b7 tbe l[ati~or nnder tbt
Dev~viraK b~e~ tb~ Y~octs~~t m~U?. at sts oQtioo. malce pyrrneat thereot or peetona atq? ad rpWred a tM Yort~a~
fn .a~ tonn or a,.nner ae.mea ~t .na p~? .a~? otDer ,um wc r neoea.:s to prot~t v,..sautq? ae sef. ~stra- 1
mest: t~e amo~ab ~o pd4, wlth fatere~t t~erem t~+o~ t6~ date d such pya~t at tLe ~ rate as Dan~ b~ tbe prln-
~~~awred as~a8dltLonal ~Qa the pne P4~ ~b! at
Wd b b~
m~ b~ tLe Idactsa~e~ mp b~ m~ soooe~ to n0? b~iRat~uent oe eWmate f~rni~Md ae pe~oeursd tt~oa~ th~ appt~o-
peiatep puNk ~Iot oe t1~ pary ~Llmtns pa~niest wftbout lnqair~ fnto tbe ao~vs~q? a~b ~ tDt :+eoelpt d ~
a~ ~blic o~fo~r or p~r4 m tns n.M. a ts.lcaec~e..~au e. oooclualve .vlaeao~ o[ tb..alid~ .aa ~mouet a it~ms
apafd: t6e 1[a'tt+~pt s6a11. ~t !ts optlae. be snDropted to a~r ~mnbranca. 1i~4 eLfm ae d~maM~ aad to a11 t~ sf~hb
and Nensltf~s tae tLt pa~a~est tbe:~ P~ld ot ~]ue~s~ wlth tIN prtsdp~l wm ~au+sd h~b~ ot b~? t~ Yaef~e~
os8~t tU! pe~hio~Y i~~ao~ ~ed W~ch iabrcptlon ri~Dt~ ahall b~ addtdomi ~od a~muLtlw Manib? to Ws ~Loet
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~168 $~7 ~
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