HomeMy WebLinkAbout0274 , Cur ~ile, 5-1?,950 ~
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Mun~~~. 1• c~ew~ ~~I«~~e ..1 ~A~~ ~~~.nptr w Nl~er uwdw d Ii~M thr w~ns~~i ~~~ty .a~~war~~hw~.e~ ..f ~A. ~w.MM `
~Jetw ~uR~ ?et~?r, di riRIN. Inl~ ~nd ~ua~~N d 14 MNt~N io M~1 N~w~ ~ww~~t ~+1~~~ tlnw iw f~n• ~hall w•~ ~M 1M
~~r~M~er rt R~NNst
~?i T•~ p~1~nw~ ~~M~~ ~i11~ a~ s~~k s~ ~ erery ti~t ~tiplMi~ws, s~n~w~e~ ~.~Ji~i~ ~w~l ~.v.w~w~s w~A p«w~.w~~
na• •ml ~w ~Ai~ ~ee~ w1 tMl~.
1~ ~ Th~ if ~w~ d w~ ~ww d m~f k~e~w te/er~ N ~e Nl /r~w~ti ~ ~rll~ Mi~ ~i~iw Nlt.yn w~a
~fie~ ~M w~~e ~ere~~ll~ ?erMwr dre awd Ml~?k. K it atA aw/ s~ ~~tiwla~~w~. ~R~rewewu. r~wd~~~.w~ ~wd ewv~~N11N ~ w~d
yrwn~r~ry wNe w~ ~sd. w•itAr~~ ~ee wN /YI1}~ ~eel~tww~. hw~li~ vitA ~ s?i~s/ lk wJ •uorep~~ .u~a ~n.nu.~J ~w
.uJ p~wu~wn w~ ~11 be~w~e ~!w uJ Nr~?Ir fiedwN? K~e~ed~ N tAe ~tiN ri ~~e M~rtpRee w 1~11~ ~w.l .~wnplH~lr w
~1 d~e wi~ ~u?epte ~~~w d.~ir ~wa~w~l w«~ ~r~a Ki~iw~Uf NirJMe~/ o~iA ~w wrl~ dy. M~1~IRA M NI~ fiMNMK~ ~Nt
or I~~rrie 1~ 1he ~~wtnr~ wN~Hhq~nd~n~.
~ Th.~ ~n K~? ~velent~ t11r mNr~N~ ~~M i~e?Ni~w bert?~ ~ecwe~. Iw~~~.r ~(~il~re d tl~e M~etpltN Mf wf
1~~. ~w.N~~.wl. ~1~1~111• ~~1~I~M ar ~w~wnbraMe ~y~w wir ~tNsrtr• N ~1l•~. : ~1lo~l~f~. ~1 ~N~~ 1NN ~1t ~M~fM~fr N f~?qYN11f Ih~~
~h~ ~~~on :,e.. .A.11 A.u o.r tA..a~w..
Tl~e ilurt6aaee ~n~y. at ha optiai. sod wiil~oYt Mrairu'~ hi~ risht to accele~ate ~he iadebtedoe~ he?eby
Kcured aod tu forcela~e the saw~e. p~r eitl~e~ befote o~ a~ter deliaqueacy aa or ail uf thMe eert~io ob1~Ka~ion~
requira! br the te~ i~e~of to be paiJ by the Moct6a~ot Ior tLe proteetioa ot t~ n~o~R,~ar ~~~~~r o~ r~< ~~~K•
tioa of the indebtedae~ hee~ebr ~ecured. All wea ~o advaaced or paid by the Nutt+ca~e ~hsll be cha~ReJ iatu the
~nortRaRe scrnunt and I~ecome ao ieleRrd p~~t t6eceol. iubjeet it all respecu ~o tl~e 1ernw. condition~. anJ ~ov~n~nla ~
uf ~he a(o~aid prwniwo~y ~wte. sed thu mort a~ ~ally aad te the ww~e~ ~~trnt a. thou~h s p+~rt of th~ .~ri~tinyl
iinlrbtednrM ~~idencr~l bv +~id note am! ~eenred~ thi~ narlsa~e. e~eeptinR huwe~er. that .aid ~um~ ~hall IK r~pai~t
thr ~lortRaRee fo~th..ith upoa it~ deu~sod aad be io addition to tbe rr.Rula~ m~nthly IA~I~IIMrQt11 providNl h~ the
~norlR~Rr oWe.
1. Th~t tl~e ab~tract or abstrsces of titk ooveria~ tbe mortRs6eJ propeny sl~all at ~11 tin~ durinR ~he lif~ o~
thi. ~no~t~aRe. rr.main in poMeMiaa of the Nurt~a~ee aed is evest of the forecl~ure d ~hi~ e~ortRa~e or .~thrr trand~~
of title to thr moriRa~e~l property in e~tinRuuhteeat o~ t6e iadebtednea~ ~ecured 1~etrby. all riRht. titl~ and ietere+t
of the 11ortRsRur +n snd to aay wch abtr~cb o( titk ~hall psb to the pnrchakr or Rraote~.
4. 7 o the e!ctest o~ tbe iedebtcdaer o[ tLe Mort~asor to the MortRa~ dr.crihcd herein ~.r ~ccuced beKbY.
the ~tortRaRre iu hercby wbro~ated to t6e liea or liea~ s~! to the riRhb of tl~e o~.oen aed holder~ the~eof o~ each
aad ev~ery nwrt6aRe. lieo or other inewnbnooe oa the laad describcd hercia which i~ paiJ aod/or sati~6eJ. ia wholr
or in pa~t. out of the proceed~ ot t6e loan dacribed 6ereLa or ~ecured herebY. and the res~uctive lieo~ d Mid ~nort-
Ra~a. li~ or other iaeumbrance~. dull be aad tbe ~ase a~d ead~ of them hereb~ i~ ~~reKrved and sh~ll pa+r to snd ~
he held b~ cIK No~~ IKKin a• .ec~~~r ~or ~6e isdebkdn~ ~o ~hr I?t~R~~xe lKK~n dr..•ribed o~ herebr Kcurrd.
to the samr exteat tl~at it ~.ould b~ve hcrn p~enred aad would hs~e l~een to and= been held b~ the MortRaRee
I~ad it hern Jul~ and ~+eRularl~ ari~~ed. trawfernd. ~et over. and deli~e unte the Mon~aRee b~ K~~arate deed o(
.~iRn~ne~nt, notMit6qawdinR t6e f~ct thst tl~e~ ss~ne ma~ be ~taficd and cu~eelkd of rec~+l, it beinR the intention o~ tl~e
~~artie» I~rrto that tbe sanie will be aati•6ed aad caeoeUea o~ retord by tl~e holder. therr~! at ar about the time .~f
th~ rr~onlinR ~~f ehi~ inortRa`e.
i. In ihr event the ownenhip uf tht mortsaaed presnnw. or an~ part tl~eteo~. beeomss ve~ted in a p~nun other
~han tl~e \1.~rtRsRor. the ~1urtR~Kee may. ~+ithout notice to d~e MortRa~or. deal Mrith ~ueh ~ueceMOr ~.r •ucccron in
i~~t~re~t v?~itF~ referenee to 1l~i. deed and the debt hereb~ ~ecue+ed. ia tIK •ao~e maa~er aw wit6 th~ ~1ortRaRor wittiout
in ~nv war vitiatinR or di~eharpn~ thr Mo~a~
• liability i~ereue~kr or upen the debt l~errbr w.-ured. Vo ule of
~I~~ ~~rrn~i~ei. l~ercb~ mort6aRcd ami no forbearsnee on the Mrt u! the 11onRa~ee. snd no e~ten~ion of th~ time ~ar th~
~»rm~nt ~ thr d~bt hrerb~~ ~ecurrd ~ivew br tl~e Moet6a~pee d~all operate to rrl~a~e. di.cl~arRe. malif~. chanRe or alicel
~I.r ~ri~inal liabilit~~ of lhr N~?rtRa~or hrrrin either i~ wbole er in p~rt.
b. '1'1~~ li~n ~f this ~ired ~ecun+e snd d~all ee~tioue to ~ecure payment of aaid itHlebtedne~. or ~ndebtedneN.
I~ow~~~~ ~.i~l~nnd. whether bv raid promiNOry note o~ asr e~eaewal or ~tten~ion tbercef or wb~titut~ th~nfor. o~
otlKrwise, un~il all ~ueh ind~htedne~n M6~11 have beee fulh' paid.
i. h~ !h, r: ~ nl llu• rnnrl~n~,~~rt Si/?. ~~nit~r~ ur lrnru~rr Ihr nrml~nrrd prr»tic~• dtt?+n~ llrr fr~r ~ln. .
~ ll~rrt 11~~. .i~~rr~~n~i chnll.nt rl~~ r,t~finrf o~ N~r Alnr/Crt~~•~ I?~~~n~. hr~nrn~ ~rn~nr~l~~itrl?' dur n~~d fxtynble• l~~ f1~~ rrv'.' .r,••r ,.1 .
" fl~r jn~+r, •/,.e~ '•.rlnnr.• ~r??d i»I~?~tf [I~tq duc.
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` S. Th.• term~ "MortRa~or" aml "MortRa~ee" wl~e~ever u~ed in thi~ instru~n~nt shall inclu~M the hrin, prrwnal
~ rr~~rr+~•nt~ti~~., ~uKr..iw~n and aMipw~ o! Ihr ~pective paRie~ I~ereta ~hrrevtr uird the ~ioRul~r numt?rr Fhall in~lude
~ thr plural and the plural th~ ~in~dsr. and the u~e of any ~ender shall iaelude all ~enderw.
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f ~i d. ~eslerl an d ve in the pre~ence of: (~'1
f~/Y - ~sw.~
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STATE OF FU1:t1UA ~
cou:vr~r oF~
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~ allr sppeated ~~m ~~AH I'uai ~ ~ h~ S 1~~A
t~ w~e r+ell kno.rs •nd I~ao+rs to ~we te be the iwdi~idnab daeribed in sed .+he eseemed ~1~e fo~e~oip~ ina~un~es~ .ad
~ aekns.+ledRed brtore ~nc that ther eseeu~ed the Mme for tbe pnepwc~ tbercia e:preMei. ~IITtiF~~ mv banri a~d
~ ~ieid ~e~l ~a tbe Couatr ~od State la~t a(ore.~ia tlw 1.9~ ~ t 1pI`~l ~
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