HomeMy WebLinkAbout2316 s
s. 11ac id t?s r.eac o~ a.nic bdas jmtituad a tonelae tkb ceenpp, tre fe[~et vall be macted ~s ap~yr ac ao~ da~e d~
~ue~ [oreelowrs wit ~o tbe oourt ka ~urisdiedos ttiu !or tDe appducme~c of a rcei~et of di aod dnsular ctie mo~ea ProP~*V•
of all cma. inooa~e+. Pr~t~ ir~wes ~~tvwua t6eraof~rom R6aaoe~er aura derlved; and t?eceupoo it b?ereb~ e~rasb oo~~
~od ~cecd tWt trt oouct sYafl tioctlaitl appoiat ~uc? c«ei~er wi~h tbe wual powas aod dueia aE ceoeiren. ia lib ea~a; asd satd
octl
point~seot ~ialt Oe s~de by cw oouK a a maaer ot ~trla ri~b~ ~o c6e aad wit~out refee+eaoe a t?e ad~qwq o~ ~
~alne o~ t?t poope~y ~e`ceb~ aq~edGer ~o d~e ~ot~ra~eT or i~aot~ea4 of' or ~ ottiec p~q defcadaot eo~~ Z1s
Mo~or 1ece6 sped~alllr wai~a ri~ a obj«t ~o tbe appdnawat of a raaner a. sEocaafd and rereby ~prwb eoo~euu trat ~
appoiaeaseat ~6a1~ b~ maae as w sdwitted eqaiq aod ~s a maeca oE abalute ~6t a tM )dortsase~ and tsat c6e ~aioe sq? bs dooe wIt~oo~
oatia eo t~e blo~yor.
i. 11~t it ao~ praeedin~s shou{d b~ [adtnted apiwt t6e propew oo~ered b7 nP~ as~ ot6er ltea or claim w~tYe~
~uperjor or junior ~o ttie liea of t6i~ mortsa~ t~be Mo~t~a~s mU? st ib opcion immcdiuei~r upoa Lnnitutioo oi sue6 wit or ductot tM pesd-
e~ t6eno~ dalan t6i~ ~ao~tp~e and ttie iodebtedna~ ~ecured hecab~ due and p~abls fo~tLwjt~ and toy st lu oqion preeeea ts loMelae
c6;s asott~ -
7. To p+~ all and u t6e coah? ita. cti4eta aod ape~a of ra7 klnd. tadodto,~ t6e cat o~ ao abtnct of dtk ~o said lani .
fouod to be con~edwt o~ e~eat !n ooaaeedoa widi.aq~? suit ios tbt fo~eelo~nce of t~ aod ala isdudio` wkec6er ess 1~lo~a
n
i. obUpted eo ~ame o~ ~ cawnabk ~t~1~ ~fea ia~vrnd K apmded u an~ tist 1~ort~~ee beeawe o~ tLs fdlnre af tis
Mortsa~o~ w aompbr • w'tti ~nd abide b~ ~Ii or an~r u~ t6e ca~eaaar, oondi8oo~ aod rdpalatioti oE aM pra~i~oq? noa? or tYa
~in foralosure of t~is~eoct~a~ aod io ooUeet~a~ t6e amou~t ~ecorcd 6eeeb~ witti or witroat le`al ~ t~ nit~-
burse t6e for erery psTmeat m~de or iaeun~d for aqy wcr pn~pae wit~ iuca~at hos da~e ot r~erp M~ at t~e titt ~E
a~t pa oeat i) Per ~onom: suc6 Pa~me~ and abli~atioa~. wiJ I~oare~t ttiereoo ~s afacaa~d. ~all be ~ecored bp tM lien lereof.
Zti tM buildtn~ et boildiop eaw o~ reruf~er oa aid laod iawred lor o: dass~e b7 5re. ertended oo~era~e and
other perib, inc~ wae rbk iawraoce iE milabl~ in t pnn ~not las t6an t6dr ~uil io~nrable ~alue at ttie oat a~ e:peme ot tbe I~o~!-
~a=sr in a caepa~r or oompania appro~ed~ b~r cLe tbe P~~7 ~ P~a to be 6eld bI tLe aod wei po6er or po~iaa oE
insnranee ~6ai1 ~a~e alfi~ed t?enlo a&~dard New Yoric Cla ~ak[ns all las oe lo~~ ~ potiq or pofiei~a W7+~k M
t~e t+lo~asee a~ ib iaterat ~a~ ~ppar~ aod b deljver tatd ot ~pol~da eo the Mort~ee wLea iwed wlth rt ceodpb to~ ttiep~-
ment oE tk premiuo tlerefor; and tu tbc e~eat an~ su~ otmoae~r beooma pa~ ~r s~ p~1~ o~ polida. ~e Mo~e ~all bne
t~e optios eo reoei~e sad applT t6e s~ae ua aooouot o~f tre tode6tednew seeured r or ~o pecmit t~e Mortp~o~ ~o :eod~e aod we iy or aN
part ttier~of. for ot6er parpaa. wit~out tbereb~ wai~tos oc imp~rjn~ ~ eqni4. L'en or ri mder or 67? ~ietoe of this aoa
t~e Mo~tpree if it dama aeawr7 ma7? pi~aa and p~ ior we6 Im or aW Put thec~o~wit6out lain~. wd~ins or aNf~n~ ~doeN
w
aajee'~op~oa ~o tocaelae foc braer of t6is co~ewoy o~ W pact or an7 rg~ or ope~oo under tWs mortta~e. and c~eqr sncti paT-
mmt ~6aU b~' internt fiov date thereof until paid at t~e rue oE dsiR pee oeat (t%) pa am~. and all ~ac~ paymeoe~ wjtr inters~t •
aforaaid s6a11 be seeueed b~ t6e 4m 6enof. Ie tbe e~mt aqp 1oM or dama~e L wffacd 1~Io~a~or sball notit7 Mor~ee af sne~ loM or
dama~e witWa to~-d~t (N) tionn afcer tDe Lappenins ttiereaf; tbe l~tlere to si~e sach notice s6a11 coo~itate a ddsu ~nd ele Matp-
gee shall 6a~e the rit6es 6ecan pren for alt dtfanlb.
9. To petmty oosmit o~ suffer no wa~ce aod to maintain tbe impm~emeoe~ st aU tlma in a ~ate of ~ood repai~ and eonditioa: asd
~o do ~ pc~mit eo be doae to said p~ aotLin~ tLat will aher or cbaose t?e we aod e6arsaec of said propert~ or in any wq jmpair K
weakea t~e ~curib o~ uid mor~a~e. In ea~e of t5e sefu~sl. nKlat or inabi6t~ of t~e Mo~a~or ~o repair and maiaaia sdd property. t6e
Morets~ee may, at ib opf'ao. aoake weh eepairs or cau~e t6e same to be made aod sd~anx mooia in t6at behalf w6icb a~ms s6a11 be seenrod
by ~Le !im rereof aed bear ~ at tLe rate o~ ei~6t Fa cau (f9G) per unum.
10. To deli~a t6e ab~tcact or abtreets af tlde oo~~etin4 tbe matta~d prupecty to Mottp~ee or ib daipated a~ect~ ~~Lich stiall u
all timei. durin~ tLe lih of tLis mottp~ re~oaio in t6e poMa~a~oo ot the bloetp~ee aad ln r~eat of t6e ioces{aure af tLis mo~a~e ot ot6er
cra~fer of titk, all ri~t. titk aod inteca~t oE the Mo:tsa~t ia aad to sor wc~ abetaet a~ ab~traas of tide ~haU Pa+s to tlK P~Kh~er oc
~aatee. '
11. T1at oo wtiirer o~aq~r oo~eoant 6aein or is t~e oblisation seaued he~'ebl ~6s1! st W dme tierc~ftu be held to be a srai~er e!
wy of tre ot6er teros rerao~ or of tbe note iecoetid Lenb~. .
12. lbat ia order tu aooderate t~e matarit7 0~ the i~edaa~ tieerbr searred beca~»e of t6e faiiure of tLe Mo co pq aor t~
atia~ment. liabiliq. obl~adoa o~ eacnmbrao~e npoa sald p~ope~tjr a~ 6eretn pro~tded. it ~6aq not be neocwr7 nor n9Wsite tbe Morep~es
~6a11 ~nt pq tre w~e.
li. Thu if tre Mo~ti~ ~haU fail. n~lea or refa~e ~or a period af t6~Ur (30) dari P~P~b ~ PU~ cbe aeoo~mn re-
quiced oo be paid br etie aoa ~aeb~ ,ecared or ere toeaac ~herdn speeilied or anr of ~e sma. ~mooep berdn referred ee or bae~~
cured~ oc ol4erwi~e ddR ~117 ~ P~~b a Pa~~. ~~y witi ~nd abide b7 eaeb. e~a7 0~ a~U' of tbe oo~enanb. ood3
or ~i~~ of t~ oe~tp~4 d~e oote benb7 secnnd aadlor etie aoo~tw~etion {wn a~rea~at. if an7. t6e4 aod ia eitLer or h
any ad sncti eveab. wit~suc aotics or ~tbe ~aid ~e~te s~ meoooocd in said Promis~or! n~e. las Pm?~ M7~ ~~7~ ~
anr aad a11 s~s mendoned reeei~ ot sxared hereb~ as
aU6 seoome doe aod ptribk foct6wltr or tLenaftec at the oootin~totopt~os ef ttie
ble~tta~ee a~ fnil~ aod oompktd~ aa if said a~ate aua~ were ocipnaUj ni~nlued ~o be paid u sue6 dm~ as7t6in8 in said tnmiro~
..ote or krds ea t~e aontrar~ aotwitywodinz and t6e Mort~ee ~sll be eaatled t6ereupou or thereafta ~it~au notioe ar demand ~o is-
uetn~e wic u law or ia q~ ~s enioe~ce ttie t of tbe Mo~ce rereaoder o: under ~aid pmmi~or7 oote. Ia t?e erent of ae~ defwh
or beeaeti ae t6e pa~t ota~iR~ or noder sdd praoisw~ not~ tLe Mor~ee shall bm t6e aoatiauia~ option to esforee
~ Ps7~t of a11 sumt aeurod ~ereb7 aetfoo tt law o~~r wit in eo ioraciae t6i~ mortss~e, at6er ot botb. ooocnrreotl7 0~ otlerwbe.
! md aoe aetiea o~ wut ~YaU not abats or be a bar b or wa(~er of tie~irt~ed~ ri~t ~o imtitute or mainain tle at~er. pr~idcd said lrsoet-
~ ~a~ee ~all ra~e anl~ aoe p~~t aad a~aetion of aid indebte~.
14. 'ltiat ia de e~ent tl~tt i~~s
~6~U (1) ooo~eat ~o ttie appo[oRmeoR of a reoei~a. tru~tce or Uquidator of aU or a wb~aodal
af1~~~
• aret~ or (s) b~ a bs~kropt oe ie~eb?e~ oe Sk a~ol!~Q petidon in bankruptcyL~or sdmit in wride~ td
~1~ M~q ib 1{~Ib r f~Q be000t~Yt~ Ot (f) mllloe a~lls1 iMi~t ~ot t~e ~lOtiit 0~ CCl~~IOH~ o[ (4) !U! a pq~t~OY Ot mwQ
oeare~c witr eKdioo~esr ~ to uke ad~wts~e of an~ in~oheae7 law. or (S) Sk an answes ~doitdns tre aa~
ceria! d eE s petitiea 6kd ~pi~t the 1i4etsa~or ia a~ bankrnP~. reo*Potsadaa o~ imoheoe7 P~oeeedin~ or aecioa ~rali 6e
cakm b7 Mo~o~ for t6e purpae at effeuiet an7 of tLe fo~ioi or (7) aa~ order. iudpoent or deeres ~6a11 be a~teced upos as
appli~cation ot a ~ ae b~ a aonrt of oompe~t ~'rrtLdiceien app~ios a pedtian salcin~ appoinanmt of • reai~er at wKet
nn t
of all er s wb~taotld put ot tLe aNeb and sn~ order. lnd~oeat o~ daeree a6s11 continue m~ta aod i~1 eHeet to~aa~ period ef
~r aoa~esnd~e da~ ttie _y~ mtp dedare e~ ooee heceb7 ~ecaeed iort6witr doe aod pa~!b wLereuapqn tbe prindpal of ad
~e iaterat sarosd o~ tre aoes aod 7-atrer ~mr haeb7 secured ~hsil beoooe tort~witr dae aad pa7sb~e a~ it all of eLe satd s~ o! mooe~
were ori=iaaill stipulsted es be psid ea aKb da~; aod tleceopaa t~e wit~ont ootjee or danand ma~ peoieeut~e a sidt u law and/or
in tqaitr a~ i( all soie~ ~eeand berib7 ~ mua~d l~~x es ib LrKG~
~S. 1~at e4 lsats~~ee K W P~non antbti~ h t~e Ma~t~ee ~laU ha~t ttie r~t w mar npoo aod ia~peet ttie mortpad
preiaba st di «wo~bls tima.
li. Tru w~ wm or woo~s wriei ma~ be lo~sed or ad•aoeed b~ tbe Me~t~a~ee en t~e Mortp~or a an~ eume wittiin an (10) 7an
from t~e daoe af e6is todmtor4 ~o~La witr iaterat t~ereon at the rate qreed apoa st ttie time of sneti lao or sd~sooe~ ~hall bs eqnsli~ so-
cured witr aod 6a~e ttie as~e Niait~ as t~s eri~iwl Iaaebeeda~ aod be sob~et ~o sp tLe term~ snd ~o~isioo~ of t~is sort~~P: P~'~;
chat tre ~ts aoouot of Pal on4tmdia~ u a~ tise s6at1 aot tsoeed ~a ~moont eqnd to ooe 6m~dnd aad Sk! per oeat (1f096)
e~e p~i~d~al a~eaoe «ri~e~t~ieearsd
~ 17. '11sy i! nqdt~ea rs 1~etp~ee, ebe aia ~ wiU M ~mw e~e Noe4v~. ea t~e 9,.e da~ aE ac6 ~ud e.er~ oe~ec~ve
a wr a Me~wslier ~f etie ~ewl a~oo~e wawrf p Ps7 afl ~a~a ao~ ....m..d ,s~..~ ~..~a ~.s~~
v~•«r «i+
~d ~pe~s tet ere ~s*io~~~jrw a~1 i-tore~ ~dl? m P~o? all iowraea pr~sim~ ~a~ae~aoa feea a~~o~iiei
6rnia for ere pqsat ews aad ae~.
ii. 'i1~t b trs s~wt tM i~n w~iei t~is ir~a te ~eeare tr dae !et tis ~we ef 8naad*t dt~er tre oo~te~
of~ ~ea DWWiep or tM arerucdo~ d Ls~~ir ~didaa M adwia4 M~p. trsp Yee~. if ee4d+rd bf ~~PR
ezPre~lr ~na w d~a[~ whY tM ldertPA~ K ir ~~mt u~a~t or ae~q pwi r tM N~wot Mtw~ea t~e Mt
.~od~sped~8ado .~~~.r6~i~~M
P~d~y~ b ~ •••e~~ ees~i~li~be ~ed~
~
lrloetp~ee j• a"Lwr i~ t~~ AoaMt' i~ e~s nMt oE t!e ~i~ ~!e ~e ~W! bt ~ ti tfe 1~ort~ap~ a M ~
c~ar~s s~ ~ i~
u
r r~ i~ a ~ w e
t
i ~ w i
e~ s~ a r
t r e o e
f~
f ~ e
l~ U`~~
i t ~ l o a a I
t i ~ h
e t
i e r s
p r e d t
l
a t i
4 e
M e~
t
.aid oorerae8e~ V~et leq~ a~lkt~ oa ar b~+~ tY i~e ~ e w e s b ~M Lw er i~ tM a~at ewt tis wwt M
~ eaMtroetia~ ~Yap ars Mia~t ~ M M~ e~ ~iaU eoadwt f~r • pK1ea N~ (10)dq~ ~t -if wb~hsdd owia~r
pnper sWl ~eR b~ s~dt h~ tia~ n~ i~ ~q ~ei e~aR ert ~M ~+r id~eild u i i~eerdt. ~
~ e
a d s~ i~ ~ d/ +
N~7 ~~~~r ~ad Me~ ~
d
1 b~ o o~ t JN u d ~yiM K~ e e~
i
~ a ~ t e
ti e o~ s~
i/ ~i s
d i~ ,
eM s~at ~E we~ aw~ ~f w~k ~ artr~eefw tK a MeW ~t ~(i~) dq~ ~ if ~d cwi~~w ~ Mt M
~aae is ~ awer~ed~ M af~ele 1
~ I~~q at id ~tiw eaa~ iro rd ~ tM ~p~r a~ a~~Mee ~ii a~-
~r~ed~ t~ we~ s~r M it d~ 1 ~ aq t
~
a r f~
r
N e t t
n~ ~ Y L
M t y ~ e: t 4 a i f M~+
f d~ K ~ R~ i
w tit 11o~y~e t~l !~r ~ srtYeiq ~~t we~ i~ ~~a Mii r e~ iMO w~di ao~traer K aN ~
n~ r~a7 w~~7 N aw~~s ~ are*set~. W» sqe~ ~4 ~i~ b ~id M~ h tnoa~ Aoewrt' ~ ~
w~~~s e~s a~~~~: ~ w a~ ap ~aia e~Nad~ b tM b1~*ePpe i~ a~edM
wk~ a~J oN~ktio~ ~f a~ ie eaa~w ~f eM ~eiM i~ aia "L~ h h~saw Aoosrt" rall M~/i~/ M tre ai~ /~~ei/al dit rt
~~e x t~. rae. N..iiea h..i/ M..t~.s~ .oe., ~ f
r k..e~si h ar ..~p, .wU M,.~.W. h~. M«+p~
_ ~~~,~i~..W