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HomeMy WebLinkAbout2193 s S. Tb~t ib tM e~ea~ o# a•utt bde~ imtituted a toreeloN t6i~ mo~a~r, tb ~alt bs mKtled ts apW at aq~r tioe d~~ .ucr fonclowce •uit e~ tbe oouet hs~iar j~uisdiedoo ~f for t6e appotacmeat o~ a~~oi sll aod siqsulu eLe mortpRd p~opeeqr, asa of all reaa, iaooa~ei, Prof'it~ itwat and rereuua t6ecenf, rom w6aboe~er auroe dal~cd; and ttiereupon 3t b?credl? 'aPre~b oo~eaaated and a,~ced tbt ttie oouK atiatt tocd~witr appatnt sucb ~eeeira wIcs t4s uwai powers aod dutia of reoei~cr~. ia Ub eaa; aod ~aid ap- vointaoea~ aWl b~ mads by tbe court as • maas~ oE Kr,ia ~it ~o eM wd wItlout nk~oa ~ t6e sdequa~ or ie~ of tM •dus of tht pcope~ 6ereb or ~o d~e atveoq or ip~oheae7 ot oe aqp ottier p~ defeodaot ro soe6 ~ TM MO~ knb sPedfia~i~?~~ rf;Dt ~o cbjeet to t6e aPPdatmeat of s radrer r afo~afd aod he~r e~a.~r coo.e~d ~.e «~t •~~Pa a~ an sdmiaed eqWq snd a~ a maeca of ab~oluce rl~bc ~o tbe Moetsape and t6at tbe wae ay? be dooe wttba 1lat if W Penceedlu~ s6ould be iouttuted qain~t tbe Pi'oP~~4 a~mred b7 t6tt morts~c upou ao,~? otDe~ Um or elsuo w~et?er •uperior_ or ~nnfos /u trs lien o~ d~ tL~ Mort~ee mq u ia op8o4 immediacelp npou imtitudoa oE wc? suit or durias tre pe~d- ~ t6eceof drelar~ c~ moccpp and~~tcd~ ~ueed de~~ do~ aud py,abk forthwit~ aad m~ n ia opeioo proceed a foceelore ~Pt'G 7. To pay atl and sf~a ular ebe oat~ fa~ d{ese+ aod csPen~ea o~ r~+7 kind. IseludIn,~ t~e oat a~ an ~bstaet of titk ~o add laui . found co be oon~eoieoe or mt in ooaneetioo wtt~.aq~ wit for tLe foreelo~ure ~ tl~ba~r. aod Isclodin~ w?et6er tDe is obliQated co ~ao~e ot ~ cedooa~k atoorne~'s 4ea ioKUrced o~ espeaded st W tiss b tl~e D~d~ee beau~t at c6e fail~ e Mo~q~or eo caaplp v~tt6 and sbide by all or o~ tbe oo~enaot~ oooditjoa~ and stipulatioo~ d aid prosiMOqr aoeq at t?ia mort~s~, in e fonclaure ot thbmo~~e aod io coli~a~ tLe amouot ~ecared Leetby wid~ or wit~out iepl aoa ts reiai- or burse t6e tor erer~ p~,rmait a~ade or Licurnd !or aq~ wc~ purpae wltL Intera~t froa4 da~e oE s~eq a~ u d?s sa~t ot p~ Pa Pa weL P~J~s aod obUptioo~ witti Inurat tLee~eon as aforadd~ s6sU 6e seeured b~ tre lie~ ~ereof. i. 1b tre bdWias or b~d aow o~ rerafeer ao ~aid land iawned lor o~ d+sa~e b7 9rq eumded co~er~t a~ oc6cc Paib. iael~iu~ war shk imuraa~e~a~aitab tn a~um aot las tban tbdr fuil inwrabk ~alne at t~e oo~t sod es~ea~e o~ ttie 11Soe~ ga~or in a oompaq~ or oompania appe~o~ed A~r tbe tbe Po1kp or polida ~u be kld bp tbe Mo~~ ~a p~k o~s insurauee ~hall have af8~oed tbere~o a 8qndud New York Claw~ makiu~ a[! IoM or lon~s w~dcs oe t6e ~toct~ee a~ !b internt a~ apPar. aad o~ ddim wd or polkia ~n the wrea i~a~ed tadpa toe ttiep~~- ment of tLe praaium t6erefor; and ia t6e e~eat any sum of betoma under s cbe optioa ~o reoei~e and apphr ttie ~ame an sooount oE t~e L~debt~ ~ee~redp~ °r p°~p' ~~"IO~~ ~all ra~e Fut thereoE, ior ot6er witbuc t6ereb wai 7 or eo permit t6e ~o~rtp~or to raoa~e and we h. or aR7 PurP~b 7 ~Ini o~ impairins aq~ eqid4. lien~ nnder ~ b~ ~trene ot tyis asd t6e Moreptee if tt dam~ ocaaatpa~a~r p~~a and pa~ fot ~ueh ~asu or aW Put s writ6out iodos. wai~ios or aHf~~loet~ ~ee'i optioa ~o foierlo~e for breaeL o~ t6is oo~~ oe W part d~ or a j ri~ o~ opaoa uadsr t6is so~, aod e~er~ wei~ pq- went a6aU bear tntereu ham date tbt~eo~ nntil paid at tDe rate of dtbt Per aat (l~lfi) per annmoy wd ap _ wek pa7~eab witi iot~at at - a~oraaid s6~11 be secaced b tae Itea 6ereof. I n t~ e e~nt aa~ l a M or d s m a~ e I s a u f f a e d Mortsa~o~r sisU aotifj Mottsatee of a~ IoM or duna~e within tottT-el~pt ~4f) ~o~us atter ehe Sspp~~ tha~of; tye failare !o ~i~e suel notioe ehall oo~nsitate a defauit aad tbe Mortp- gee sbaU 6ave t6e ri`iw Le~ein ~i~en foe all defanlb. - 9. To pera~tt. oomtait o~ ~ofter oo wa~te and to maintatn the impn~ u ali tima in a state of ipod ~epsir and aoodidos; aoa ~o do or permft to be dooe to ssid premi~es notbins tLu wtli aher or e6an~e t6e me sod eba~aeter of ssid W'oParq? or ia anp wy impair ~r wcakm t6e saurit~ of wd mortsa~e. In case of cbe refwal. nesleet oe iwbI64 of t6e D~~ Lu eepair aad mainaia saidp~op~t~r. t~s by~ 6ereot aod ba~r ~interat u t~e r~ate of ds6c emt ti%j per~im~~ ad~aaa manie~ in twt behslf w6ieti wms sha Il be seenrea 10. To deli~a c6e abstract or ab~uKa of tide aovain4 tbe ~ propert~r to Moeqa~ or ib ded~uated t~mt, wluci s~all at c~~f~ e~r of title~ al! ri~b~ titk~aad i~nmat ~ ain in e6e poanuon of t6e et~asee and in e~eat of [be t~eebune ot t,is mortaass or aLer ~rantee. ~ in aod to aq~ sne6 abtraet ac ab~tracb of titk ~6ap pa~ to tbe pnecha~er ot 11. Tbac ao wai~ of an oo~eaaut herein or ia ttie oblisation saured shall u aq~ eLse tiereafter be ield eo 6e a r.~i~er of aoy of t6e otmer term~ 6ereo~ os ~ the uoce seeneed Laeb~ iZ. Tbat in order tu aoater:te t6e muaritp of tbe fndebtedaea~ 6eesb~ rearred beawe of tbe failure o~ t?e M~ ~o P~! ~l? ~ shal~ lia~licp. obiiptiaa a~ eneumbraoee opoo ~atd pt+opaqr a~ 6erein P~ided. h s6a11 oot be aaw~q nor rcqui~ice e t c6e Moetja~ee w~ tl~e .n.e. lf. T6st it e6e Mert~~oe ~~Lalt fatl. netlea or refo~c io~ a P~+~ ~~K7 p~PV7 ~o pa~ tbe aeoome~ e~ quired to be paid br t4 ~eo~e ~ereb~ ~eenrcd or d~e iotaat trerdo spaa~~d er an~ of ttie m~ ma~ey tia~dn referrsd to or I~a~~ ~ cured. or ad~enrbe du17s ~~b ~ P~~l? m Pa~~. ~ua, eam~ wlt~ aod abide b~ eacL, t~erp a an~ of ttie oo~enaoy coodrtiw ~ or Nip~atioos of tl~ mat~a~e, ttie ry noee ~~aenred or, tbe oa~mtruedon loaa ap~eemmt. if aop. d~cr aod ia dtties or i~ an~ o~ sncti e~a?br ~itbont notia or ~ t6e wda~e~ sm mawooed tn said Promi~oc7 noa. iw pcr~ious p~y~on, it aaa any aod all sums mendooed 6ecdn o~ ~ecnred 6aeb~ t~6a I beoaoe doe and w7able tordwie6 or duruher :c t~e ca~indas eE e4 Mortp~e a~ fWl~ and ~owpktd~ r if said sace~ate nmos were osipoallr stipalued o~ be p~id at snch tUoe~ an~thins in at~~ nae or 6aein eo tbe ooaaar~ aotwit~taodin~. and tbe Mort~asee ~6a11 be eadckd tLereupw or t~ereafar wit6ont noeioe or dea~and ~ i~- ~titute arit u taw o~ In a~ ~a~~er~ of t6e Irloetp~ee bersmder or under sa~d prominor~ ooee. In ttie e~mt e~ an~ ddaah or breae6 on the part ~ or nnder aid paomiMOqr mte, the Mortga~ee shall ba~e tbe aontin ' W7~t of dl wao~ ~ecnred Leceb~ aceton at law or b~ mit ia eq~dt~ to foreciae t~b mort~ eit6sr or bot6. coe~r~ or otLerwise. and ooe aetioo or aut ~ball not sbate or b~ a bar co or wai~a o# tlie 1~ieep~ee's ~6t eo ~ntitute ~ mainqin tbe otrer, peo~ded aid Moet- ~a~re ~6a11 La~e adr ooe paymmc aod aasfaeaon of aid iadebca~oas. ~14. 'Ibat in tbe e~ent t~u ~r s~aU (1) cao~ent to the sppoia~meot o~ a e~ed~a. tru~tee or liqnidaror of all or a wb~a~dat psrt areb. ar (Z) bt ad ieated a b~airrapt ar iaoi~?my er $le a~ol pedtioo ia bankropay, or admit io writIos bs ~abilit7 b P~ debb a~ t~q beoaas ~ or (3) mak~e a Reerd wi~ommt io~ tie b~ of ereditoes. or (4) fik • paitjon or aorw~e sakini or wtd~ eredi~on. or to tate adnatare of u~ iddrme~ 4w~ or (S) Sk an ao~wer adminias t~e m~- terial a! of a petfttao~apiqc ~e Ma~a~or jn an7 banlwPei.7. rsorpatsuioa a~ iowlneac~r p~oeeedin~ or aaion s3a11 be tikea 67 1~o~or tot t6e purpae aE effecdo~ aar af d~e fa~oin~, or (7) an7 o~der. 3od~ment or dee:ce shalt be entered npoa a~ applieation of a cradiar or llo~or br a oonrt of oomPete~ 'wi~dictfon sppro~iaj a petieion seekins appointmenc aE a reed~ ~ of dl er a sob~tantid put ~ ttie Mort~oe's areb aod sae6 indpneot or deera ttiaU oootinoe ~ta aod in effat foc ~i+b (30) aoa~enKi~e da~. t~e Mortp~ee may deeiue eie ooa Lee~eb~ ~aeored fo~tiwitti dne aod payab y~wberenpan t~epnaa pal of ana the ~nterat aocro~d au t6e note and dl ot6a s+mu~ ~ sec~nd sbsil beoooe fo~trwlt~ due aod pa~abk as if all of ttie taid a~ of uoaet were oripnall ~tipnla~ed to bt paid on wc6 day; aod e5etenpoo tbe wlt6oot notke or demand mtp pcoiecute a sdt at law tod/et ia c~qo&~ a~ ~all aio~a retond iereb~ jsd matnrsd pfler ~o ib ~et~ ta m iS. T6at tbe Mort~ttee or aa7 Peraon aa~orisea b~ t~e Mo~ ibsil b?e tLe ei~t b enter upoa aod is~peet tbe asoctp~ed premba u dl rea~ooabk tima. I~. T6at aa~ wm or sums w6ieh mar be Iwoed or adranoed by t5e Mo~e b t1e Noct~or at any time wiebin tea (10) 7'ean from cbc date of t~is iodentnrq ~o~6er ~rit6 inoerat t6er~oo at the rtte a~reed opaa at tie time of snc~ lom or adsanoe~ s~all be eqnsll~ ~o- cuted wit6 and ban tbt tamt prbrlt~ as t6e oei~inal iadeb~edner and be sob!'at eo aq ttie ten~ aod pro~aiom of thia aooref~; P~d~, ~hac d~e a~repee amouot oE pa1 o~taodia~ at ao~ tiae ~haq aoc ssoeed as amooot eqoal ~o oae `m~dred aod Sft~ per emt (IS6'Xr) oI tbe pdndpst mo~mt ad~°a~eeneed Lee~b~; f7. T~a~ it ~eqaie~d b~ Moetp~eq tLs aW Mortp~oe wt11 ~ a~m t~e No~e~ oe trs 8rit dq of ae~ snd e.ery co~ewB~rs mootL. s wnn eqwl eo aac-twelfeb ot tfe aaanal amoont neoaMr~ to pq dl -ta~a aad s~e~eeob spta~t ebe ~aid ~ed prmi~a, qda monthy smn to be atimatai soldr b~ et aad altnt~ed to be an amo~mrt~ not kw t6m eit amo~mt of ta~cs awened tpin~t a!d aort- ao 8~~ P+~ 7~*. aod fnettia reqniced b~ ldoetpjee to pq atl ~taraaa peesiaim~ In manoec ud ~oe~ a~ ~ide1 6erdn for ttie p~meat oft p~~es and awewweab. 1L T6at ta tM e~mt etie bso wtiie~ t~~t~sp b ~irs to ~ecaee b~ade fo~ tre of Soaodos ae~er tbe oorecueKe~ of new bdWiap or t~e ooartrnaioa ot imprsnma~t~e ~od/or addidaot a~n~ ~ acpreMy .psa ~o depo~ wkti tLe Noetp~ee or it~ d aRoc sn aia~et o~ m~iqwl a~~~s.aos~o~~ ~p,~~ of t6e bw aod tbe total amouot, a~ deu:mined bp tM~~~~ ts fatb oo~~{Ne qid aerttretfos i~ aooord~ooe wFt~ eLs and ~paeifieuiaos ~ereoodoe+e wbe~iaed b~ t~e Mort~a/~r and ~p~~b~tre 1~lo~tppe. ~id aa~ooat oE mooe~ ~~ap be plaeed b~r ~ Mortsssse ia a"Lwoe in Pnaoa~ Aoooua~' ia tLe name aE tre b , aod t4 ass tL~U be wed 67 tbe 1(orep~es b ps~r d~s oo~e~y ehar~a aod ~pea~s ioearrcd is eeanee8oo witL aid o~a~roe~ peior a`~a~ef ti~ Iwn. It L fdrtber s~reed t~ae L dis e.oe ~aid ooortn~tioo L oot lntl~ campkted on oe bdors tl~e dSDe ~ated Is eM LomA~rea~e~ or L tre e~eot dut t1~e wort a~ s a i d eoa~croetia~ ~ h s U awe b s f a e f a q aomp k t i m ~ a d aKl oa~~oioa ~iap aoaeiane tor a peeiod a f o e a ( 10) ar-It wbramasl eo~tiaoov pro~ar stiail not bs msde fa au~ ooo~trnaiao, t6m aod in sap~ wei e~eat ttie aid y~re~e ap~ P~PV~ ~ooal i~ aW P~oae~oq' oo~ ~nd ati ~ooia ~eeund 6ereb~ ~baq beoome dns aod ~wft~ or trer~fea at tlu optioa af aid . wd i~ t6t e?e~ a~ wei oaNadao ~f work a ai~ ooo~tcneeioa for s~~ba (16) da~ at 1! w~aottal emejnoo~r piop~er~sll aot bs m~ds in ~nd~ oooKrnedoa, a a~oraai~ed ~~~~q ~t !b opeion eater iw aed apon t?e pc~oi~p ~od ooa~pk~e aW eo~- ~truedon in w~ s~aasee • h d~em~ ad~L~bk ~ ia~erheeoc~ Le~ t4 l~fatp~os: eM add~ w+'il d~t ~~i b tie Mo~e fol! power aod a~o~ry b mske soeti mtrf ims aod upaa aid va~t~ed to mter iaw ~ ooatraeb ee ar~ ~n~b sq bs oeoa~sq to ~omp{ees said ao~ioor aoa ts espead ~~~n~idd R,o~r L PreaN A~ooou~t'" aed is additioa aop ~mw ot arooef oeoa~a*f ~o ao~npka sdd ooaitcoetion; ~d a~Pead~ b7 eM ~oe~ee jn oo~wetir wIt! sue~ oompktioa oE ooorcnraioa In ssoeN of ebe ioooia is said 'Z.wo~ in Prooew A~ooouat" iaq be added ~s t4 aid lrisdlwl detit atl ~ ~ ~ 7 ~ ~ ~ 3 ~~.I i~