HomeMy WebLinkAbout0925 • ~ .
•1S. it ao~ of t6e a.s o[ moeep haeL radaer~d a bs sa pivsptl~ a~d` fidlp Pvd ~ithia_.~_5 d.r ~en t6~
~ame ~a.~erall~ oose doe a~d panWa, or lt eack uA e+~e~i tbe stipalstio~. ~b. oo~ditioa~ aad a~ewots ot nid pro~i~ .
~oe~ note aad tL~ deed. er ~tber. u~s oot dah Parlo~aed. oorPlied wML a~d ~bided b~. tLs apnpte wnR aMtie~d i~ uid
p~+oaiMOq aots t6en e~Lie~ a~paid. wlt~ i~e~t aeaMd to ttiat tl~s. a~d dl soae7i weand 1~~eb~. ~l~ll b~ooM dw
nd pa~.bls io~thwitL. o~ t6eraEtei. a ttis optio. of ~aW ltoreiasas, r inU~ aad oosPktd~ a Ii all ot tLs Nid ~ ot
mone~? wus ori~isall~ ~tipul~d a bs paid o~ wci da~. aa~thiq i~ ~aW ~~t b ttii~ ~ to e6e ooatea~ aotwkdwd~
and tlroraapos or thaeJteq at the optba of atd Ir[o~tpsee, ~rie6ou ~etfa ~e desnd. wit u 1~w o~ is ~quk~ ~U? be Wv?
ecuted as ii dl mose~s ~eenred 6eieb~r 6ad asat~red pria to ~ is~utios.
16. Mort~~or ~11 e~ibit to Mort~es wrkta~ recdP~ ~~s Wl~~ oi n~ sass equieea b be p~id wdx ur
wperio~ ua~e or other lte. obtipeioa, tio hcee t6as tt~s cs) d.p prtae ee sL. ttoe that ~4eelentia ot w~ch w~perior ao~~pse
or lica cunld be daland for oos-pa7mant t6ereoE. . . . .
1T. 71ie ab~traet oi tids oo~acio~ t6s .+aenabeeed ptopeet~ ~6aU beloa~ to and re~is i~ tM paMeM[oa of tbs 1lo~tp~e~
durin~ the lieo of tliis U[ortpse.
18. lbae it is t6e iateu 6erea[ te sscars pa~eat ot iaid aots ud abLiptio~ vbettier tle KWi:a~waat ~6a11 bne beaa
ad~aneed to ths ~[o~tpsor ~t t6e dau bareot. or u a late~ d~te. ~nd to seern aq otMr ~aaemit ~t ~moaab tLat sa~ bs added
to t6e so~tp~e iadebtedna~ onder tLs ters~ ot this io~tr~eat 7Le ~ot~l n~orat oi ied~t~~eM ~eerted I~eteb~ sq da
craase or iscreye ira~a t~e ~o time. but t6s eotal mptid balanos so ~red at aap o~e tiss ~11 not esoeed t6s prLcipal
10, 000 , p1o. iacerre.c tLaeoa .nd .n1 ~rwents mde tor tbe p.~ ot t.m..
la.ia or in~aranoe o' tbs peopeit~ ooTered b~ t6e li~a at this aonp~s. ~ iateee~e el?ee~eo~: ~d tWr ~wtp~s ~ball ase~tn
an~ and all additioad or i~rtber soole~ w~leti m~ bs adea~oed b~ 1[oct~ee to tbs Meetppe ~e tM dw we+~ ~rib6
fatans adranoes of sonef. it ~ade. ~ull bs e~ideooed bp a sots oe note~ ~ec~eed bp t5e Matsyor to tbs ~[eetPi'~ ~~t
sncb nu of iat~a~t ~ad wit6 web macmdtb m ahaU bs deeermi'od lros tLae to ti~a b~t aa~ aad dl wu~ fawre sd~aooa
secared b~ thb matsaae ~Lall bs mads'ot aa+e tbaa tes (10) ]!e~n a~Eer t6s date heeeot. Nat6in~ banis ooaab~d ~all be •
deaoed n~bliptio~ a tbe part of tbe Yo~tpses +o ~abe u~ tot4n adv~~.
19. Ttitt ia t6e e~mt t6e P~~ ~b7 ~i~~ ~~*7 P~ ~+eo~ ~6a11 be ooodeaeed aad t~kea for pablio wt
nnder t6e prw~ar of e~i~eat do~ai~. t~e ll[ottp~es i~ll La~e t6s ri~ht w dae~ad thu a11 dw~ss arrard~d toc t~s ~ of
ot das~a b said qmiea ~6all be paW w t'is Mart~a~es, ia w~ooeNas ae ~ip~. ~p to t6e a~oast ttim a~paW os t~
mwtp6e ud sa7 be ~PP~ W7~ett or P~l~enb 1+~t W7abL t6aeoa.
7Q. ?Le M~tp~o~ aball. withis S~s (S) da~s i~ ~rriuaa de~nd bp tbs Mert~asee. e~ec~te is ~aei ~ona a~all
be reqairea b, t6e Mortp~ee, .a eqoppd oati~cate ma .?.i.a of dere~a.. adr .c~awnba~ea, ~c~th e6s .~ou.e of
P~iw1 and inteiat aupaid Lanander and tLs seaaral wtw ot ~aid ~ertp~s. ud t6e failure o[ tLe Yattiapr to ~ake aed
deli.er a~id e~toppd artiikate aad wst~er of defaue~ wit~a the tjse aiaaaid ~Lall ooottiarte s defadt aad a breuh ot t?is
mo~aae ~d aball eatitled tLs Ldder he~eoE 1s declas~s ail ~ tbe upsid pdwdpai balanos jmsediaql~ dw ~nd pqable.
21. It is specii?eaUy a~e~eed t6u tios i~ ef t6e er~eece of e63~ ooatr~ct aad t6u ~o rairer of aq obliptioa leremida or
of t6e o6Usation aecared 6ereb~ iLall at an~ tioe t~reafter ba 6dd to be s waiar of tbe terims ba+eof or oi tbs lrtrm~eat
secueed haab~
7L 4~ is unde~ecood and a~reed t6u t6e Ma~tpaee ma~ ac an~ time~ rruboat naioe to an~ Paso~. scaet to tLe ~[atp~or
an~ moditieatioo ot an~ kind or nature wbatsoerer. or aUow an~ cbaose or cban~es. mb~titntion ar ~ob~tior ot aq a[ tbe
ProP~f da~crtbed is t6is mon~e or an~ otLer oollacQal wLich u~ 6s held b~ t6e ~[oetp~ee wit~t is au~r a~mer affeet•
ina t6e Ii~b~7iq of t~e Mo~or. an~ eado:sets of t6e indebtedneM ~ee+eb~ aee~ed or a~ otber peno~ for tbs pq~aist of Wd
indtbtednees. tosetLer with intera~t aad an~ other iams whicL au~ be dae and pa~ab~k to the Mort~a~ee. tnd aLo ~rkboot in u~r
mamer atieaie6 or impairin~ tbe lien of this mort~a~e apon s6e tea~ada d tbe propert~ and oeLer oo~aa~enl wLicb i~ aot
c6ansed or wbstitated: and it is alw nndentood and as~eed tLat t6e Mbitp~ee ma7 at ~s7 t1ee. ~rItbaat notioe eo +m7 P~
~on. nla~e ae~ patioe of tbe peopeiq de~cn'bed 'm tkis soitp~e os as~ other edLtenl. at ~r PoRioa of +~7 et6er ool-
lacaal whieL ma~ be held as se~arit~ for tbe pa~meat o£ tbe indebtednew Leire~r secuned. ~ wirh or witboat aa~ om~idaa
tion for sach relwe or nka~es. withoat in a~ man~er affect~n~ ths Wbili~ of tl~e Mort~asar. dl endonan. IE a~~. ~nd all
ot~er pm~ois wtio aes ar ~11 be li~bls ~or ttis pa~st ~ nid indebtedoe~r, ~d trltLo~t afteetL~. iiNirbi~ oe i~pairin~ L
aaY manaer what~oe+er tbe ~alid~ aad ~ioritr of tbe liea of this moetp~e ~ot t6s foll uo~at o~ tbe iadebtedna~s res~lain~
unPaid. to~et6a ~rith all inta+est and ad~anoa wLieb ~hall beoose Pa?~We+ nPon tbe ent~e resvnder ot t6s a~tPi~ P~
I ertT ~r6ic6 ;s nnrde.sed. and .richouc in aay m.nner atfa~` or ~mpair;ss w an~ enmt .rbanoe+ror aq .ad aU o~Lae oolLued
~ ,ecuriq wh;ch ma~ be Ldd b~ tbe Moetp~ea It is di~tinal~ mde~arood and aseeed br tLs 1[oetp~or ~ad t~s Mat~a~ee t6ae
~ an~ reka~s or :da~es ~a~ be asads b~ tLs MKtpsae witLoat ths ooreot ve ~PF~'~v ~ P~~ ~ P~ wboosa
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23. 1'his mortgage may be prepaid at any time without penalty. ,
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1N WITNFSS ~PHEREOF, tLe Mort~~or ox~ t6e da~ aad reu fi~ abore rrrittea, ha e:ecuted t~e pi~e~einr mdet ~eal;
it, w6en ~nd r a corporatioo, br and tLroas6 its dnl~ antboriud officers, as the ut and deed of tbs corporatioa, w6ws nama
appear herennder. ~
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