HomeMy WebLinkAbout0944 wnd U,. ...d !?iwet.~r sn A~..a~ Nv~a~M ..J a ud .nW ~a. ..d !?4My.~..
1. 'ib P+y ~Il ud rapJ~r tAs pna~+{rl. iau~rl ud o1Mt ww» d moa~r MY+~M OD v~~tu~ d~ud Nn.~awoey auN ud tAi~ owrtpp. ~ ~d dl. .
tw~r c. tly d.r•. ~'a~7. w.~e. .wu~W e.oo~w dw.
Uetil tM p~ya~N ot dl wnn ~vnd !y Wi~ ~oet~y+. b W7 vl ~od ~in~ul~r th~ la~. a~wm~eNs. 1wir. li~bi4twr. aW~ptwe~ aad ~ecve-
bnmw ot wwy a~twr aad kfod anw m or wAiei~ ar~r Mtrh~t ~ar~w oa ~d d~Yib~d prapKb. ~ad ~poe lhis melsy~ aad th~ iarl~bl~d~ ~nd
Mnb7. ~cA ud ~weY. wMa dw ud P~Y+~. ~ed P~PV7 ddi~ t!r otlieid e~oMPV b t!r ot~ d tA~ Ma~tly~. aad iI t~ Ww or ~q put tbetwt. #
b~ aol p~omptRy qid wlra dw aad pyr~bb. rid 11brVNM ~Y u W~ P+7 tlr ~e~. wiUwt w~irie~ ot ~t4etio~ 1A~ optios b be~eio~ 1!~ morf~~
bY nrsca ol wxb d~tsdt ot up cijM Iwi~w~ed~r, aed ~wer pqrm~at o m~d~ ~11 bMC Ur m~timum IKaI erq d iatw~N hov tA~ d~M thM~w1. ~ad ~11
wch p^ym~eb, with iel~l ~ aio~wid. drll b~ sKVe~d bp fa li~s of Ihis eotlpN.
1b pqr dl ~sd ~ th~ ao~ts. Mr. d~ae{~s. ~sd ~sp~~ d w~ey e~lur~ ud tiad. iecludiK t6~ oo~t ol an ~brtnc/ o[ tilb b t6~ ~bow
darct~d I~nd~ fo~u~d b b~ w~wrry or aonv~N la aom~ctios witb u~ ~uit fo~ tA~ loe~cla~uh o[ t!w mwlsy~. aad ~lfo ioeludi~ na~oo~El~ I~wyr~'s
or ~olici~oc'~ iw. foatrr~d or ~sp~nd~d at wpr tim~ ~ rid 1iotlp~ a[It aqy default M~ rid INortp,~oc . ia t6~ b~dorur~ d t6i~ moefpp oc th~ ,
ootMc4o. ot th~ .mwrw rcro~.d A~n1hr. .~eA .od .we~; .ed .wq w~o6 p,ym.nt a~ oeti~.doos .b~U b..r th. m.:imam bpl nM d ineee~.t hom th. d.a
a~~w mq? b~ ard~ ~ad wit6 w~eA iebeMt ~Adl b~ Mcvnd p'! fA~ Ws 6~nof. .
1b ~wp th~ E~ildiap so~ a 6~fac oa Nid I~ad~ ie~atrd apie~t W~a b~r 6e~ tor tA~ir tull imuraW~ vdu~ in . mmpany or eamp~niM ro b~
rPO~~~d b7 wid Mo~tp{M. ~sd f~ Pdic7? o[ P~ b~ 1Nid b! ~od atd~ p~yabb b ~id Mu~tsa~ee bY Sfand~n! N~w York Morfii{~+ C4we as
Mo~tp~N ieNe~~t m~~ ~pp~ar ~od in dr ~wet Wr wm at moa~y b~oaeM pay~bl~ ~md~r sueb poliey o~ po~iei~ tb~ MortpsM ~hdl baw the optiao eo ncviv~e
~nd ~pp1y fM ~m~ oo ~ooo~~t at Kr imLbtadew hM+bf ~s~vnd a b pamit t6~ Matp~or to evariw ~od ur it or ao~ part th~not for ot6rr p~upo~
wiNw~R wririns oc imp~irief aq~r p~rib~. 1i~o. o~ ei~M mdK tsi~ moetp~: aad a~id Mo~tp~ upoa hil~ ot ~id 1?fort~yot b periocm thi~ coveo~nt
m~y peornn ~nd pq tor w~c6 itruraoo~ or ~qy patt Nri+o[ without wairios oe alMctios aptioo to IoncloM thi~ mo~~e oc ~eY tiiAt 6~nuodK; aod ~v++7
wd~ p~ym~ot drll bMr t6~ muomum l~al e~b d intaMt 6am t~ d~b th~hol ~nd writh wrcb iatecest be sea~nd by t4e Wn Me~eo/.
S. 1b kwp t6~ buildi~s, w6ieh ~n oow or my hnra[!~r b~ ~+ead. oa t6~ laad Mr«n da~en'b+d. in+ured d~o ~aimt IoM bY ~d~toema. torn~do
and/or Mutioane in a wm not Iw t6ao 6[ty per not 160',f.) o[ t6~ir tuU imunbM v~lue at the eip~ ot Ws Alo~t~a~ . uoder a11 t6~ t~ew uwf ooa-
ditioo~ wiW teep~cti b rid iawr~uc~ o Mt Eath to pae+~npl~ 1 oI teis moet~~ ~ith n~p~et b th~ 6ee imut~aa.
6. To pcrmit. comooit or wdkt oo w~ute. imp~iemwt. ot d~brioratioo o[ nid ptoperty. or ~nr P~rt tAerao/. acd tQon 4ilura o[ tde Mortpior W
keep ths buildie~a on ~aid prop~tly in lood wo~titim d t~[r. th~ M_4tlp~es mar m~ke demend for tAe immediate npir ot =id b~W~t~s, ot an inne~s~
in the ~mouol o[ ~enuity. or th~ 'tmm~at~ r~p~l~mret a[ th~ d~bt h~t~by aecvnd. ~nd t!r [ailur~ ot l6e Mort~ to caaip~Y wit6 rid tlem~nd d
ene rw~ss.s~ ta .~;oa ot sta.o ua~ a.n .e.u aoe.e;ene. . bn.ee ot m~. ~.~s.s.. .~a .e eb. ot ~n~ t?w~s.~ ~~a~.wy m.,e~.
~~P.:a Pria:w~ .oa intece~t b..+er ..~ve~.a.
7. 11rt ii a~id pmmis~orY nooe. o~ fhe ioMrest thtnm. oc ~a,y ot the sums al moosy beraa e~etected to oc secvred heS~Y. be oot tuilY ~d P~'~PR1S
paid wit6in G[te~n I15? d~ys ne:t :[tK lh~ ~me ~renUy bsoonr dus aod payable. or it ~~A ~nd a~nry t6e tovsoanb. +l~eameds. oooditioir ~od ~tipulatans
ot said piamiso~y ooos and ot thu moctp~e. or aqy ot f6Mm. are oot d~dy periocmed, oomplied wifh aod ~bided by. tbe ~id ~re~ate s~ meatiooed in
eaid piomia~ory oofe. I~a+~pt uo~amed iata~e~t. le~s prwiar paymants, ii anrl. aMll bsoom~ due and p_vabie foet6wit6 or therMltae at tLe oQfion o/ tL~
:~to~,~.e as tu1lY ~ed oompietdY i[ ..;a .~re~.ee wm w.~. ori~n.uy ,np,t.cea a te p.~;d a~ w~d, c;me. .nyU~ir~ ie wia Peoa~i..orr me.. or be~in eo .
che coatrary notwiths~ndicK.
8. To periwm. campl7 witA acd abide by e~ch ~nd ~+er7 the cov~oaots. ~[~eemeots. avoditions ~nd stipulatiom in ssicf p~omivory mte and in this
mortpp ~t fo~fb.
8. 'Ibt in f~ ~vaot writ is istitubd 1o foeeelw~ ~nd'or n1o~m this mocfsa~t. lhs Morlp~ee ahall bs entitled to apply ~t aor time peodiu~ auch
tue~elosu+e wdt b t!r C,aud h~viq juris~etio~o fh~r~ot tor t6~ appointment ot a[i~aiver. witDout notia. ot ~JI ~nd duN~+~ ~~i+i'ed P~P~7r. and d
all tAs nots. iaoome. P~'~b. i~ww ~nd e~ t6~a+d: and it. is h~ecb7 ~Y ao~re~nted ~nd ~ned thst th~oo w~ch Caut drll focfhwith appoint
a Raoeiwr ot rid mottp{~ed piope~ty. all ~nd sit~ular. and d wu6 nats. immie. P~oGts. iaeues ~nd ~ouss, wit6 the uwal powres ~nd dutir aI Reo~iwn
in lia ~MS: ~ad a~KA appoiulm~nt ahdl be made b7r wrh C,aoet as ~ m~tter ot atr.ct ri~ht to the Mortsa~re aud ~rithout ee~erence to tM
adeQur.7 or in-
adeqtr~.y ot fLs valu~ d tSe peopMy 6erebY mor~pL~d. or b fLe ~olv~o~y or imoiwoc~r ot ths Moctpaor : ud th~! wrb c~ob. Pio4b. inoome. ianrs
aod ~weaues sAall b~ oPP~~ M~ t6~ Recsiwr atotwrid ~oootdiq~ to law ~nd t6e o~d~r ~od pnetioe oi auch Catut: and that ~tid ~ents. PeoBb. inmme. u+uea
aad eeMnues a~e h~erby te~o~6rred. urio~d. set owr tod pIK1~d u tailber wnuity tor ths payment ot the mortsase indebtedne~s. ~it6 the risht lbut m deaty)
on fL~ p~rt a[ t6e aaid Mortsye~ at ~aY time ~It~c • dedolt 6e~euoder to dem~od aod aceive tlr ram~ aod apply t6s Mme upon t6e mottpp iarl~btednws-
10. 'I7Mt if oonw~tiixe ~houW b~ m~de by t!r Moctjyot ot tlr peamiws hereie de~eribed or any p~et th~ceol. without fhe wrifbn aooNOt ot f6~
~lortppe ~nd wit6out a~w~mption ia ev~ular bem a[ 4~ by th~ ~caot~ d t6s oWi~atioo ~o tLe Mwipjee rnaUd hsewmder. th~n and in t6d ~wnt and
at t6~ optim d th~ Morfsa~ and without notio~ to t6~ Mortsi~ot . all sums o[ mooey ~e~vred 6fnby ~11 imoonlittdy ~od aoornreaotlY wiW w~ch oon-
.Y.~ e.o~. a~ .oa pay.w. .na ~ a~de we.~eK ~e. ..m. .n. .o a~. .oa pay.w. .oa ;o a.ed~ ay ~e. e.root o~ ooe.
!
f 11. 'Ib.t in l6. e..nt fh. p~.mi..s 6ee+by mort~...d. oc .qq paet tLarot. .h~u be oooa.meea .na takea bs- p~1ie u.e uoa.r tbe pan.r d eminent
f dom~in. t!r Mo~t~s~e~ shdl haw t6~ ris6t to dem~od th~t dt d~m~{r ~w~~dd tor tLe faluns oI or d~m~sM to s~id P~~ alrll b~ Paid b t6~ Mort~a~u
! uc~ w th~ amouot th~a ~mp~id ou thu moctsaR. ~nd t6~ aDliptioo see~a~d 6M'ebY. ~nd may be ~PMKd upon t6r P~Y~s L~t P+Y~ uode~ tEdi mats+~ir
~ ud the abliption wcve~d heieby.
~ IZ. Ttla~ t~ Y~f IO~lO~ ~O 10 MlV(f ~Ym~ OI rld PlOmtYOfy OOf! ~Dd OEIIs~h00 NbN~Ilf lb! ~bOI! YOOIID~ ~IriII dW DlYI ~OClA W fbf ~ .
~ :1Sortss~or at tAe 8~t~ hetrot. or at a 4br d~te. aPd b wa~e~ anY oth~t ~mamt o~ smo~mts ttrt m~y be addd b t6e mortpp ind~btedowa ~aoder the
~ term~ d this iodnmeot: this mor!{~ rnu~s s p~ioe~ipd d~bt ~s ~at aut ia t6~ mte ~en~red 6erebY. and drll ~lso br Meurity br aar otber d~bt due or .
adv~aer ~~c~ived b~ t!r Afort~ot tmoa th~ Morf~{w d~aios th~ ~erm hrnot and as ~owrity for dl ind~bterlne~s tlrt m~r 6~[t~e bt due, o+rie~ or
eristio~ Lom fh~ Mwt~o[ b Nk Mortp{w duri~ t6~ ~aM~ot» ot tLis moRpp ~nd aqy ceoewal or reo~waL o[ mf~ ot ootM Ior ~id pwnt or
lutun iad~btdoMr.
11. If bndo~w~er peooMdiop d any ~ood moetp~ a ~n7 a~oood tnrR d»d or I~eo ot ~nY bad ~hould ba imtibted. t6~ 1lfortpjw m~y at its ~
optio~n i~diaWY. ot ~Ebr. d~e{an this moctis~ aod tlr ind~bqdaw ~w~d 6e~1?Y d~r ~nd payable• ~
11. To tM ~teot ot fhe ind~bE~dne~s . ot t!r Mo~t{yor to th~ Mort~ d~rtsiE~d i~ereia ot Meu~d 6~nbr dr Mort~a~ is henbr a~eopud ~
t~, th~ Iwo ar liwr and W the ri~6b ot th~ o~wnets sod holdns th~ew/ ot rcL ~nd erer7 mortp{r. li~n or otb~r ~o~vmbrauee oo t6~ i~ad d~rerib~d h~+aa
wh:cA u paid aod o~ ~ti~L~d. in ~601~ or in p~et. oot ot th~ peawd~ d tA~ Im dNeribd 6~nin ae Mavnd lw+b7. ~od 1L~ n~p~c~w liw~ d rid .
m~xtsa~, liNr or otM ~onaobeano~s. ~ll b~ aad the Nm~ ~ad rd? d tbem Ar~b1 u pewec~sd and ~Irll pus to aad be A~W bY t6r Mo~tp~ Aen~n i
as ~eavrit7 Io~ fhe ind~Eadnru b th~ Mortp{M 6~erin dr~ctibd or 6~nb~ Mturod. to lhe ~me uct~et th~l it wwJd h~w bMe p~wrvd a~ wo~Yd A~~e ~
bew prd tu ~nd b~ao b~W br tA~ Mo~tp~ Ird it b~~o du11 aod n~ut~dY tn~rfKeed. Mt w~r ~ad ddiwnd b~r th~ Mort~yee .b7 ~Wh~
i
.ioua ut ..~,meat. od.dt~a+iod:ef th. E.ee th.e t6. ..m. m.r b. ,.ti.6ea .aa c.ncdt.a ot i.m.a. it e.~ u,. inknemo ot te. p.rs;.. ee~o en.e cb. ..m. 's
..~ll be atiafwd and aamell~d of nawd b~ th~ hdd~ts henot ~t or about tb~ tim~ ot tLe erawdia~ ot tl~is moruye. " ~
~ ~
I5. 'ibt il ~nY act~on. a procMdio~. ~Il 6e aommood b7r ~a~ pcaoo ather th~n tlr haldec ol Wi~ uwrtpse I~snpt ~a ~ctioa ~o Iarclo~e t6i~ {
mort~yr. or b ool4et tly debt Meve~d h~np7? ~o whii~ actioo. or Veoa~dini. t~ ho~ider d tsis mortiap u aude • p~rty. or ia whieA it drll b~oam~ {
oeowrry b d~Mo4 ot w~~d. t~ li~e d tbu mortinf~. ~ll w~ D~d b7 W~ hdd~[ d thi~ mortPi~ loc t!r ~petie ol ~aY IiLptian bo peoMew~. ae delod ~
the riahb ~nd li~o~ rnred br t6i~ mort~ lindud~e~ n~wa~bb aaowl Iw1. ~tl M paid by tL~ l~lortp~ . to~etAK wit6 intx+~t t6~noo ~t tAe [
~ m~m~~ lesal nt~ d io1~e~R. aod ~or wtt~r sue~. ~ad dr isfwMt thKwo. ~U b~ • cLim ~~oo ~id pnmi~. ~tfacbio~. ar ~oeniu~. w~q~rat b tht
4en ot this m~orfpp. aod ~hall b~ dw~od to b~ wrnnd E'! this mwtpp ~od br th~ oW~ tht it s~cvns. In ~ny ~etios. oe qocwdio~. b/~ar~elaN tLi~ morti+ir.
ur w noowt. or oo1Lel. t1r d~bt Mcvnd t6~'~b7. th~ qv~fiaa~ d 4w n~p~et?o~ th~ noovKY ol cab. dubu~sem~ot~ ~nd ~Ibw~oer ~It pewail. tw[MeNd
bv thi~ covre~ot.
16. At id opOoo A~t~e~ ma7 m~ turlb~r ~draow~ b l~Wrtppc tram vm~ b t+m~ prior b l~t ~taslactiae d aU ind~Mdo~ Mcvnd br ttis
w~~a.a ~n.e ~w a~~o.~ ~.a e.=.er .oa ~.~s ~a. ~~s .ar .a~.~... .e.u o« w ~..a ~5, 000. 00 . ~
~o ~w.~ .~a .oa a.u..~ w as«r~.. . v.~.n.r ~ w r~ v~+aa ~ ~.s« .oa «eK j..«„~.N. ~ ~e. r«~.
- ~~R.R+aa M ~.+va+ .e~ ..r e. o.o....~r e~ t,~ur ..rm. e~. o.y~ a[ .~s .er+.~.. ..~a.~s uue~ .a~.~,~... ~w .~e w.~e.t .n~.a.. .n.u ~
w a.c~o~d A~ thi~ moApp bpedr with int~t~t ~oaQO~ t6~noo. AI! otber pwioar d Wi~ m~t~y~ ~l1 ~ppty w McA ~ huthK ~d.~+soe. 'Ih~
e
~.s?~inPA ~lr11 aot br eoo~tcud b iimit ~dvane~ m~d~ 67 ~fo~t~y~ ~ othRwia~ ptov~3ed 6w~wu to peobct it~ nevnty. intKwt or ri~64 6~e~~~
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