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HomeMy WebLinkAbout0504 , ~ . - I - l.....~ :1 , ::~::~c~-••i:~•J~ vT ~:;:j/ ~:i1't ~h~ri:v~ ~ '~d ~iC~, .:i:u,.`_'L ;;:.i.VB o r c , ~?'"'iOZ'21:f O:'c:r' ...:i; .._:~:f: G~ ',:~'21.~ . , ~ C j i': J Z' ~ ~ a c S G~ ~ - Y V,- r.. r, = Yi ~n f 3 ^'n ~ .°...OV~i"r i.i ~ Ort,- ~:,,~U.. .:.i;.Ui ~ an~~~ca;.io:~ ~:.a I:~rt~a`~r ~o ~ne l~iort~~.~ee c; sc~ose ary ?r:.C i G~2e^.12C~ b~j ~!:v ~~lOr ~o3bC2 ti0 3J@ w~t@~!'i2~ ~ 0~~ Gi ~:28 W3:~C1T:o . T.:vrcl:?, Or 1:1 c?'Iy ~~'lE c6~2c.::ZT1tS en~2r~~ _;:T.O Df t~':2 T~ort- ~;a~or ti•:~~h e i:ort~~~,ee (incia~~r~, but not Z.~L':1~vC~ -co, the tiote Gac ~i:is ~~:or~;;a~~) oi 3f:;~ r~isrepresen~a~io:~ cr: be- :;;;,.L~ Oi ~ OY' ~Or i ri@ ~ene~i~',. OI ~ T,:^.2 T~iort~G~~:.'. ~ ( e) n:_e sa~e , ie~se or otiher trans~er Qf ar.g ?~ir.d o-^ rature of t::e ~or~oaved :;roperty, or any par~ ~hereof, w~ ~hout the pr~or ~ti~r~ ~ten cor~sen ~ oi ~~:e ~~iortgagee; ' ~'~e ~:~r~oao~e's iailure ti~ ex2rcise any ol ~~s rig?~ts nerekr~er s~all ~ :~ot consti ~utz a~;raiver tnereci . ~1~ tne events in t:~~s Paraorap~ enu~- • • zra i,en u~or tihe rap~er ~r. ; o~ any of w~ ic'n ~ne fio ~e shall beeome , or may ce aecl~,rec -c~ ~e, ~:.~e3~ ~.tely d~;e and payable, are in this T~.ortgage c~lled "evea~s o~ defa~~~". 12. ~~e :•i~r~~;a~ee ~ay ~ra~ ~~me ~o ti~e cure each nei•;.ulti under any ;:~ver.an~t or asree~?2nt i:~ any ins;,r~:aen~ crza~ing a l~er. upo: '~he morti- ;~a~ed propzr~y, or zny p;~rt t'.:e-~eo~, w~ich shali have prior_ ~y over the ~ ~ien Oi i'II'~3 ~iC~Zoc.o~ ~ LJ SUi;'7 @~~2~i u 2S ~~"i@ i;Or~ga~ee ~3y exclus~vely ueterm~ne, and eacn a.~oun~ ~aid (ii any) by the I~i~rtga~e~ to cure any ~uch deiau~ ~ s::a~l ~e ~ aici by t'r,e :~iartgago~ to t?~e ~Zortgagee; an~ tihe :~:ortgagee s:~ai~ alsfl ceco~e subrogated to whatever rights t:~e no? der of tne prior ~ien r~ig:~t ~ave ur.der such irs ~ri~~2nt . 13. (a) ~Tter ~r,e :~ap~enir_g oi anS~ cefault hereunder, t'r,e P:ori- ~,aoor s'.~Gil ~pon ~2~2:~G-' ~'.~e i~.ort;a~ee surrender posse~sion of -'the 1 ; ::~rtgagea Ny'01JE.'~ i.fl ~flc L~iOrt~S~e2 ~ 2T:C1 't'P.@ T~iortozgee L"la.y enter SUCYl ~ ~ :~roper;,y, ~cc le ~ ~:~e s~e a:~d collec ~ al~ i,ne rents ~hereirors wnich = _ ; wre due or to ~zco~e cue, an~ appl;~ t_~e s~e, a~ter paymen~ of ail char~es ' a:~c e:~~er,ses, accou:~ ~ oi the ir,ceb ~ecir_ess he~eby secur•eci, and a~l suc:~ ~ents a::~ ~11 -+-~GSV~S ex~s ~~ng at the ~t~~e ~T such deiault a~e nereby assignec ~c ~'r,e i~~ortgG~ee us furt:~er security ~or the paynent of ~he ;nde~tecne~s securzd here~y; and the :~or~gagee may also dispossess, by ~ae usual sU-~ary ~roceedings, any ~znan ~ defaul ~ing in tY:e payment oi ; ny rer. ~ ~o tr e:~:~-r ~~a~ee . _ ~ t t c} -r. ~':.e ever.t t::a~ zhe ~orZoago~ occupies the ~or~gagen pro- ' . er ~r ~:y ~ ~f:~1'c0i t:~e :~:ortQagor a~rees to sLrrender possession + a i ~ suc:: ~e~ ~y ~a ~::E i:ortya~ee i~e~~ately aT ~2i any suc~1 derau~ t ' 3 ::2'12U::azr, ar.~ i~ i~:ort~aoor re~~.irs in ~ossession a~ter suc:~ de~aul~, ~ • - . . ~ ~ aC~': ~OS~@~~=~i1 SL;;,._~ ~v 2S ~ i2:1~G ~ Oi tC:@ i~i~rtgagee ~ aTld ~flE ifi~r ~oagor ~^a~'_ Ua;~ aCVa:~ce, ~;~on ce~aad by ;,ae irart~agee, as a re•~sona~~~ ~onthiy ~~~r:;.a~ ~:je ~rer:~:,ES ~ccapieci bf ~he ~iortgagor, an a~our:, a~ le~s~ cCd:t1.~J~~E : ~ i,G O"C:@- ~:•:.°.i~ ~'_'l Oi ~'i.:l@ 2.~,oY'E~.?~~@ C2 ~'c.r:e ''t,~'JBiVE ~O:I ~~ily i~:;l+.d.~l- i t ~r: ~ca~~ac_z t':e cwrr~n ~ ca~ er.dar year, pius t?~e actua~ a:noun ~ o~ ~he ~ _ ~ ` ' i ~ c.G~r u~.~ ~'l0a:l^ c;: li 2Y1~, t~'l.ES ~ 2SS0S:,C~G''.^, ~S ~ W2t@r r8 yeS , O~;~vL ~~V- ; ~ ~ • , v ~ ~ Cr?:::iC:i C:'?8.=~;~S ~ cz7l~ ~.,Su~~~.nce ~re~iu~S payaale _n c~annec ~i0:1 Z+' ~:l@ ~ ~ ~c =cc:;~ :,~G :~2'" c. f C1Lir~rG SL:G:^s ;f22~ , ar,d u~on "tfi~ ia~~ure O~ ~Cl@ :,0?' t ~ _ . r, ~~.=~~r to :,a~ s~.c:, :~~r.;. :.~J rer. ~a~, e:~:o~ ~~2o0r nay also be dis~ossessed c • ' ~ tY:e us::a~ sum..~::ar~ ~roceea::.~s app10 Rable to ~enants. Th~.s covenant 600K~S~ PAGE _ 5~4