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HomeMy WebLinkAbout1626 - aad ~hall p~rtos-~. ca~P13f Mitl~ aad ab~id~ ~ay ~ach aad w~sy th~ a9s~at~, ~tipnlatio~a~. ooq~ditioa~ aud ao~v~Aant~ th~s~ol, aa~ o! thi• Ni!-liqnfdal.iAq li~n, th~a tbis a~ou~c~d iat~s~~t and t.l~ li.~a b.rs~r ~r.~?t.a. .h.ll ci... aad b. av~ll .na vo~ia. . 1111D t~ d~btars b~r~by twrth~r eov~aan~ aAd aQsN to paY Prqiptly wl~a dw tb~ iot~r~st aad oti~s ~~s ot aon~y psavid~d fou ia ~afd not~ an~d t?ii~ Nlf-liqnidatinq lisa. or ~ithsrt to PaY all a~d aingnl,as th~ ~ax~s, a~s~saa~sats, ~~rri~s, liabiliti~s, obli- q~ttioe~~; ~n~d ~aou~braao~a o! rv~ry nstnr~ an said ProP~rtYt to - 1 p~s,~it, ccrit os ~:#!~r Qo vast~, inpaf s~rat os d~t~rioration o~ ~aid laa~d or tbs i~pro~+~nts tl~~r~on at ~u~ tiM= to k~ tU~ bnilding~ aar or l~c~aft~s oa asid l~ ~ally inaur~d ia a au~a ot not l~a~ than T~n ~hons~nd aud Ao/3.00 ($10,000.00) Dollar~ in a co~- par~y or aaopaaf~s aacyptabl~ to tb~ s~cur~d party. th~ policY wc ~olici~s to b~ h•ld bY, a~t1 PiYabi• to, said s~c~tr~d pasty, and in th~ ~ve~at aay ~uia o! wo:?~y bacors paYabl~ by virtw o! ~ueh in~ur- f ~ - . i ancs t1~ sscus~d pa~rtY ~ball hav~ th~ riqht to s~wiv~ and apply ~ tb~ sas~ to tb~ facl~bt.~dosss bsreby soenr~d, accountfnq to th~ f ~ ~ ~ d~btos ~or any surplwt to pay all caata. cha~~, and ~xp~n~rss. ~ includinq lay+y~r's fNa and titl~ a~aral~s, rsasonably iacurr~d or paid by th~ s~av~r~d partY b~caus~ o! tb~ failnr~ of th~ d~btor~ to Psa~ptly ~nd fnllY covply witb th~ agr~t~nt~, atlpul~ttioas, t~o~adi- tioas asW cav~naats of aaid aota an~d tlsia Nlt-liqaidati~aq li~n, or ~ith~r= to p~rfosa, oa~ly with - Ea--s~d--ncar~_~ aqr~Ats, stipnlatioar. co~ditio~s aad cav~niut• s~t tos~th in ~ ~ raid not~ aod thi• a~lf-liq~idatinq liea os eitbss. In tl~ sv~nt ~ th~ d~btor• fail to pay v~wn du~ any tax, •~aaaMnti ia~uranw ~ Pr~iu~ or oth~r w~ o! ~on~f PsY~~ bY virtw a! said aot~ . aad ~ . . ~ tbi.s a~l!-liquidatinq liat, os ~ith~r, tl~ aicnsad partY aY P=Y ~ ~ th~ ssa~, v3t~wvt vaivipq os at~satiAq th~ vptioa to tosycloa+~ ot = ~ , - } ~ - ~ ! - - • = 4 . „ - - . _ . _ _ _ _ : ~ ~~'"~~_'~»,'-~~;'~s*,_~, _ ~F s `~-S.~__ . ~v ' ~ ~ ~ b r-~~`_~~~