HomeMy WebLinkAbout1512 , ~ • . Our file 5-1?,806
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Mr~tp~. Iw e~ew1 d fMrclNrre ~6i~ u~+rtpp w Nber etaM/a ~f ~NM dK iwNt~pe/ IeM~ery ~w ~s~~wp~~w..w~ .~1 ~Ar ~wA.M•
e~wew ~u~r~ ?t~e6~. dl ri~t1~l. tilk ~~1 ~~N~tM ~1 tb? 111w1~ i~ wl M yy ~w~w~e ~slkih IUtw ~w tw~• ~all pw 1?r
~Y~f~1Mt~ Y~ u~.e
T.~ ~~fK+w. ~~P~~ •i~i aw~ s?~dr esrl~ ~ cve~ t?e ~ti/dM+wr Nn+~ww. ~~i~iw ~wa r.r.w~wb M~d ~«waw~~
n~a ~e~l ~w I~ia ~et~ M1/~et~.
Ii~ TIW i~ N~ ~1 w~ ~ww d w~we~ ~~e~w hlete+i h M~t /~+~11 ~(dl~ NiJ wi~i?iw flflrrn ~r w~a1
d~e~ dw M~Me ~eretdl! ace~w~ dre aw~ Mysil~. w if qd~ d ~wry ~~e~wewa. r~~i+wr ~w~ ~•vu~wa d w~~
Wwuwr~ M1e w~ t?i~ kal„ w•itAe~. ~ wN ~rllJ ~alww~s~. eMr~li~ wi1? ~~?i~ I~r. 1`e wi~ ~pprep~e ~ww w~.wuvM~ ~w
••~J N~u~ry ~ ~11 ree~ Jw ~ Mr~le /iNlwil6 ~t ~srs~her ~t ti~s opi» +f die M~tpRee « t~ll~ •wd ..ryl~t.lr M
~f ~he w~ ~~cpte ~ww ~f .siA xwwiwKy ONf wiM ~ff{IMII~ M~IM~+ Ir IK ON~I M MIrI1 as~r~kiwR iw N~~ MMwNe~ ~e
h~tei~ t~ IAe ~~wt~u~ wNMHhN~nd~nR.
~ j~ Th.~ ~w ~c~ a~knte tlw n~auul~~ ~t Hw~ ~ t~ee~s?~ ~ecwal. IKe~wr d t1K Isilwc d tAe M~n~ItN M7 w~
~w•u~~~w~. lia?ili~7. ~?IiRai~w .r ~wrrinbtaw.~e ~w wi~ p~peelr. M hereiw pe..~Jr/. ~1~+11 w.t be wcrew~~ K nr~au~ du~
14~ u~o.~q•s~• ~lull A~ p~y w.e.
Tl~e ~lortsasee may. at hi~ optiea~ a~d ~ri~ho~rt waiviw~ t~ia ri6ht to sccek~ste the iad~btedaea~ l~erebr
~ecured :nd to loreclwe the ~awe. pay eitber be[ore or a~ter deliaq~eacy asr or all uf thwe cert~is obliRatioo~
eeqnired bY the tenn~ bereo( to be paid by the Mo~t~ ~or t4e psotectio~ u( th~e nwrtRsae ,~ecuritr o~ for the oollea
tion of the indcbtedncs~ he~eby ~ecured. All wmr w ~dra~oed or paid by the Mo~tRa~ee rhall be char~J iotu the
~no~tR~Re aecount ssd 6ecome m iate~~~~ patt tbee~eef. wibjeet iw all re~per~ to ~he tetn~ condilion~ aaJ ~ov~n~a4~
u! Ihe sloreaaid ro~niwo~r note, and this a~ Iull~ sod te ths ww~e ~~trnt ss ~hou~h a pirt of thw oriRiaal
n
i~nlrbtedne~ ~~i ence~l bv raid aote aad ~een~e+ed~ t1w owtts~e. e~~e~?~in6 huwC~rr. that ~aid ~umN ~hall ix npaid
~he 1?tonRaRee fo~~hwieh upoo its deo~aad aad be ie addi~ to tht nRu1a~ n~onthl~ IA!lillttltAlll proviilM! by the
~r~~~riRaRt aote.
3. Th~t tIK abrtract or abtrscb o! title ooreriea tb,e ~nortaa~l property shall at ~11 1ia~aa du~inR ~he life o~
thir ~no~tRsRe. ~emain ia pw~ewaa o( the 11urt~a~ee and ia eveot of tl~e (onela~ure o( thi. monRw~ or ..thrr trsnaf~r
o~ title to tIM n~ortRaRe~l prope~ty in extinRuis~t of t6e iadebtcdap~a ~ecue~ed herrby. all riRht. titl~ aod 'eetereit
of ti~e '.11or~Ra~o~ in a~d te aar wch ab~tcact~ af ti!!e ahall pab ta tl~e pnreha~er or aran~ee.
7 o the exteat ot t6e iadebtedaea~ et tbe Mortaaaor to tbe Mort~a~ drscribed herein or ~ecured 6erebY.
tl~ !ItortRa~re u hereb~ ted to the liea or lieir a~J to the ri~hb ot the oNnen and holdern thereof of each
a~d er~ery mort6aRe. liea or iocwanbnaoe oa tbe laad dpcribed hen.yn which is paid aeJ/ar ~ati~e6ed. ia wholc
or in pan, out of the p~oceed~ of t6e Iw4 daccibed be~eia er ~epr~td herebr. aad the rapective lie~s o~ wid u+ort-
Ra~ li~ or other iaeuinbranees„ ~hall be aad tLe ww~ a~d each of tl~em hcreb~ u j~reKrrcd aad ~hall paM to sad
he beld b~ thr MottRa6ee lir~+eis s~ ~eeurity ~or tl~e iede6ledneM tu the IltortRa~pee heer.in d~.•ribed or herr.b~ Keured,
to the ss~ne e:tent that it M~wld luve heen p~ese~red aad ~rould luve beenpa~ed to aad been I~eW by the !NortRaRee
i~ad it hera dul~ ~d e~eRul~rly a~i~~d. truwferred. aet erer. and deli~ernl w~ts the Mort~aRce b~ K~?arate deed of
~~?i~unent, not~?itlutaadinR tht f~ct tl~at the aan~e w~~ be pti~d and caneelMd Af retord. i~ beinR tl~e intc~tioa of the
~~artie~ Ikeete that t6e saa~e ~vill bt +ttia6ed aad a~oeUei o~ record by the Iwlden tf~ereef at or about the time of
~i,r rrr..nlinR uf this w~ortRa~e.
S. In thr evwt the ownenhip oi the atiortsa6ed pt~anisrs. or aay- part tbereaf. becomes ve.ted irt a p«son ~?thei
than tl~e ~1nrtKaKor. the 11ortRaKee iaay. withont notice to d~e MortRaaor~ deal with weh wcce~.or ~~r ~uceeron in
i~~tenet ~?ith referenet to Ihi~ deed and the debt hee~eb~ ~ecnred. in thr ~anx manr~er a~ Kith th~ ~1nrtRaRor without
in ~n~ war vitiatinR or di~cha~iaR thr !liortR~~'~ liabilit~ I~teeunder ar upoa ti~e dcbt herebr ~~ut~ed. 11o sak ot
tIK prrn~i~d. 6ee~eb~ n~ott6a~ed aeNi aa forbeatanoe on tl~e ~art oi the ~1ort~a~pee, and no exte~ion of th~ time for the
~iarmrnt ~ t~te~ ~~eht ~treb~ ~ec~~trd Ri~ew by the Mort6a~ae d~aq operate to .rl~a~e. di~ci~arype. maliiy. chaoRe or aQeet
~hc ~ri~ioal liabilit~• of the M~.rt~~or herrin either i~ wrbole ac ia patt.
b. '1'1~~ lieo of thi~ dred ~ecu~ and sl~all oatti~~re to ~eeure p~ymeat o! ~aid iadebtedne~.. or iedebtednea~.
(~ow~~er ~vi~l~ocrd. whether b~ wid pwmi~wrr note or ~ e~ewewsl or ~xtension tbeneof or wb~titute thrrrlor. or
A~IMfMr~l{!~, ontil a11 weh imlebtedaew~ ~ha11 h~ve beee ~nlh paid.
7. I+~ Ih~- ~rvw! 11~.• rn.,rJ~•n~nre si/1. iu»rr~~ r,r lrnris~~r Ihr• ~nn~~~n~rd prrrnicn d~ninG fl~r li~r ~Irr.. ~~r~•,~ ~.i••,•,
th~n tl~~. m„rl~nGi chnll. nt ~1~~ npfion o~ tl~r A1ott~aR~~~ I?irri~i. brr.?m~ imn?r~lrnfih du~ nnd ~y~Llc (or tli~ f~i!1 .u•~r .
fl~~ ~~rn~ ,rn! '.,rlnnr~ ~~i?r! iiN~irtsl ll~tn duc.
S. Thr ternn~ °MonRaRor" and "Mott6a~ee' ~r6e~erer u~ed in thi~ instrun~t ~hall inclu~k the hrirn, per~onsl
rr~.rr«•ntati~~~M, ~uceea~on and s~ipM ef the ~peetive paRie~ l~eetta ~I~ererer u~d the ~ioRula~ numbrr ~hal1 in~ludr
thr plnral s~d the plural the ~in~ular, and tht u~e of snr +pender dull ioelude all Renden.
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8T. I,IICIS $ZBQr end IAIIIB~S 8. BZ1qG his i~Iit~
8elere ~at ptnoe~allY apptand t
u~we ~ell knoww •nd I~ao~rs t~ wt b be tbe iwdiridw4 de~eribed ie aad ~?IN e~ee~ted the (ore~toiaR iwst~?w~cat~ ~ed
ackeo~+kdRed belore n.e that thef e~ee~ted tbe wwie for tbe'nepwei tt~ereia esp~ewd. ~/ITtiF..i~ w~r~j~a~ a~i
`~i~sh ,,~~~t~n: ~ r •„,r~t~
~ieial ~e.l ~a ~be Coueq .od St,~e la~t ato~essid tlw 2?.~Ld DB~y ot y a;
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M~ C,~w~~wi..ie~ Espirw: JLiII~ 19n l~at~ryr P~bli~ ~ate 3
F1~ED AN~ OVNOR~~ ~ • `
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