HomeMy WebLinkAbout1998 i. T~ ~a «~i a+~t`w~wty !NP on M~ b~+ldlro~ eww K iw~fN~ ~1w~N ew wd aw ~u .q~+1p~«r aeww~IN c~+rM~d bv M~N ~+r
Mw wM rN p~~ II~~N1 p+~d in h~11, 1i~ iMwM~t~ M 11» wwl N~ndar~ plity 1Mw~ M1 ~ M~u ~pqOVd d1? MN MORTGAGEE. v+d wind~iwt~
l~wr~wa M Ity +~wl N~wr ioliey h?~? M• w~ +PWew~ b~ dy MORTOAtiE6 U~~1r M~~ a Nr lMORTGIWE! w~l
~~i ~II Hr~ an~ wY~iNOnw irw~na P~~ ~~1? el wN b~ «w In1~Mt Nw~ a pat Ma~oi. M~~iM~loM widn ~
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M Mo~ Nwwi. ~Mi! ~aaM~ ~ vwd M~+d~d w+atop» dau~ « wcA MMr dw~ ~s iM Matop~ awY ~pw~. ~ P
dN, Nti~ Md ~Y, P~1?aeN N sN~ lN0~T0AOtt as ia inNrrN a~ p~M. ~nd Mch a~ wM1l svti+ Po~~cn P~P~ ~wq~!~d ~nd d~Nwnd N
a~ M!d M uid MO~tuAtiEE a 1vn~w ..tv?ihr a M+d niarq~w d.w. .+id oa ta~ ~ an (1q d.w in .dv.na e1 M+..sp?aNn of ..d+ vo1k~?. a da
liw? w Nid MORTOAGEE •?~wnl tMnol, 1oYMhM wNh ~ nai{M Iw IM pr~ ot wd~ nn~w~it ~ tMn ~il b~ no fin a wM+d~bnw iew~ana _
Pl~cvd on ~np al wid buUdip~. MaK~M Ifwi~in a part tl+Mrof. w+la~ M tl~ fa~+ ~d wNA ~M IoM p~vbM N~1on~aid~ and In Ny ~wnl aw~r w~
of ~w~ b~anys ?~nW~ w~ wsh polic~r a polkMa aid MORTGA~i~E sAaM h~w IM option to raiw ~nd ~pply N+e sMn~ on ~oooun~ el 1M M~b~ed~
n~ Kcw~d A~~ a a~+nN .wW MflRTOAG~ORi w aaM ~nd w~ M or wnr parl ~Mr~of fw o~Me pwpas~s. wi~hwt tMr•b~ waivu~p a~n+p~k•
Np~r p~ih~ Wn or. riplM ~i~ or by vklw O~ H~M narppp and ln th~ ~vNM rid MORTGAGORS ~Ml1 for any r~awn fN) lo k«p th~ wid p?Mniw~ w
Mwn~d. 'a t~i1 a d~1~ pro~pti +M? oi M1d poiktN of imw«~o~ a w+d NlOItTOAC3EE. o. ~.u poTWN ?o psr h~h «w w«~w~ th«~r a in an~r
•ap.q fail a p~?ia~ dMch~rp~. ~~an~? ~f~. ~^Ph whh and ~Wd~ by fhls oovrn~M. a~n~l P~t M~w~. ~id MORTGAt3EE ~a~1? P1~a a+d
Pir for wd~ inwr«~a a a+~l p+~f ~~01 wiMou~ w~hri~p a~N~ctinQ +~M uMton, ~1a4, pvih?, a rtpM w~da a M vir~w ot tl+k Ma~pq~, ~nd rl»
fvN ~ow~t ot wch ~nd w~r wd~ WY~w~ th~H b~ M?wn~N1~? dw and py~bN ~d ~11 bw ~ f~ae tiw daN th~oi wMil pald N tM ~at~ d
nin~ pM annim p~r ~n+wn~ a~d top~tl+a vrith wch M+t~rNt slwl! b~ wcw~d b1? tlN li~n of 11~ naH~pw
To p~nNb aomdt a wfi~r no w+~N. M~pairn~ed a dM~riaation d ssid p~op~ty w~nf? pwt 1hMwf•
S. To pn? ~H ~nd ~qular Me ooa~, cl+M'i» ~nd ~xP«~. ~0 a hu~bM ~twrn~lrs fs~ ~nd oats of ~nscts of tirle. incwr~d w p~W at
.ny ~~n. by ai! MOR7GnGEf, b~c«w. a in Nw ~r.ra d th.~iaUun on *M p.n of ~in sald I~iWTGAGOR a dvty. wanp~b «d h~hr w?~a~.
ancvM. df~ct. ca~plH~. oomPh vr~th ~nd ~bid~ b1r ~+cA w~d ~wrr ih~ stipubtbns p~Mn»nM. oonditioro. ~nd cow~wnt~ of utd P?omG+a1? nqh ~nd ~hi.
~np a~irha. ~nd wid aa1~. dwrpM aid ~xp~ea~, wd+ snd wKy. ~Iwli bo Mn~baNlp dw and patr~bl~t whNM. a ea Nwre b~ notia d.
mara. atNmpt b edbtf a wit p~+d'wi~1 and IM fuN anwu~u•01 Md~ ~nd w~l? weh WYn~eN sAaN bw inla~s~ fran 1M d~N tl+N~oi untii pNd N 11w -
rsM of e~ina pM cN+tum Pw ~rwwmi ae~d all said oo~a. elwpn ~nd ~xp~nNS M~ournd o~ p~~d. eopNi~ witA suth 1nNr~t, th81 b~ Nwnd b~? tM IMn of 1iN~
'^atp~A~` . . -
a nw ta in tli: wM? of .n~r e..ach ol tN. Morqap. o. d.r.vN on th. pa~r of th. MOrtreinesOR. o. (b) in th. .rrne .np d..w wm. o+ ewnhr
lwnin hf~nd a b~ nm pro~nptly «+d iully pQd withM thiny AO) day~ rnm •ftK tM same ~ov~rdlp t»come due and p~yaW~, witAovt d~n»nd or nstio~,
or (d M th~ ev~n~ ~ad~ snd ~vary th~ atlp++latiorw. apn~n~nb. ao~ditions and covMrn» of wid promnwrY nw~ a~d t!w mwp+p~ ~ny a~itMr an no1
iuN, P~h ~~~N P~o?~ewd. ~sd+~d, ~:~auhd. ~fhdd, oompl~Md. oon~pi~d vrith and ~id.d ti1?. tFrn in ~nh~r a+~?Y sueh ~wm Hr s~i~! a~
prpiN twn nwntio~»d in asid proe~istory no1~ 1Mn r~nwinfrq unp~id..witb inNrat aarwd. and ~p rtwmys s~c~w~d Iw~~y, sFNll b~coer diw and WY'
aW~ iwfhwhla w ~M.wft~r, ~t fM option of s+id MORTGA~3EEE. as fvly ~ed aompl~iy as if ~U of the said swe~ a} ewewy wen aipirwllp itipulat~d
ro b~ paid on wch day. anythinp in w+d p.omiwory noh cr h thb MoApp~ to th~ oont~Mt notwitlatu~dinp~ and tMn~rpon a tfwr~aftK N th~ op?ion of
said MORTGIIGEE. v~ritia~t notio~ or d~nwd, adt aR I~w or in ~quiry?, t1~~Fon or Mr~afar bpw?, mqr be pco»arqd a if dl momys s~u~~d IwebY
F?ad mahrnd prar !o iti in~titutbn. .
TMt in tM ~wnt th~t at th~ bph+nkq d a d any tkn~ p~ndinp aery wU upon M~b Mortp+p~, ar b foneloM 8. o. a r.to.~ n, o. +o «~fo.a.
wr~M of «iy d.tms I+s*a,nd.., wid MORTG~t'sEE sh.l! apply ro th. Cowt hwlip iuriu~etton tM.sof fo. th. appoN+t~m.n? d. R~uiw., such Co~x+ ~h.tl
Forthwilh appOint ~ nMirN Of Hid nWHpa~d prOpMtY ~11 M~d tMpv{M. YKhrd~np aW and fkpvlM fM lnoorM` Profi». b~ws M~d ~wMVp .1~Om wh~tlvM
~owo~ d~riwd. ~ad~ ~nd ~wery of whkh, it b~inp ~~epnssh~ w~d~~~ood. ia 1?Kebt? nwrr0+p~d if sp~ciliulty sM fonh and dwcr~d io- tlw prentinp ~nd
haba~+dum claus~s Iw~eof. ~nd wd+ R~ shall haw ~1! fM broad and ~ff~uiw fvnai«u and powKS b ~nyvri~ Mtr~af~d by a Caut ro a R~e~iwr, a~d
such appointm~n~ ~h+ll bs e~ bp such towt a~n ~dmitted puiry ~nd a m~tM~ of absduM ripht b wW MORTtiAGEE. and withou! rofetMa to tlw
ad~q~aty or iMd~qu~cy of the valu~ of tM P~oP~Y ~ or to th~ wlwecy w insolv~ncy ol said MORTGAGOR a tM dtf~ndants, and th~t such
.ems. Profits, inoome. iisva and nvNaKS slwll sb~ ~ppli~d by wd~ R~tshn~ ~ooord~g to th~ IMn a pvtty of said MORTOAGEE and tl» practke d wcA
Covrf. _ . - . . ,
S. To duh?. p~P~b ~~f? P~• ~x~aA~ ~ffed, oom01M~, oo~FiplY vrh6 ~nd abid~ bp each and wMy tM asipulatloro. +pr~n~N~,.
cone~tioes ard oov~naq~s in a~id proTafcrr noN ~nd this: rtailp+p~ a~t forth. . -
9. tA~t te ~M .~+r«+t ~M ow~sNP of 1~ ^a~p!Y~ 4~^'i ,a~~ aer~r part Nwreof, b~ooaasYwst~d in • p~na? otlia than th~ MORT(iIWOR. fh~
MORTGI?GfE, lb s~c~u«s aod ~ssipr~, miy, witlw~it notioe io the fNORtGI~OR. dal with wd~ wa~ssor or woassor in i~t vinth nf~~na a tAi~
mwqay~ ~nd 1M debl iwsby s~cVnd irt lh~ !Mti n~s~nM is•with Mwl~s~4r wiflwuf- ln ~py w1Y .Wia~inp o? diuh+r~'aip fh~ Maqapat Ii~biMY Iwr
ur?dK a eao~ tM de4~ .1~cebY ~ea~~d. No, s~ of lir ,pnmi»s hat~b~? aialgap~d and no farb~usnc~ on t!N parl of 1h~ MORTGAGFE w its suoo~ssws
w auip~w s~d no exleiuan of the tim~ foa tAe p~yment of tM d~b~ Mnby ucw~d piw~' by thi NIORTGAGEf a its suwuas ot aasiprM, sfwll op~r~
ro nl~a~, e~SCAMp~. modtfY elw~ ot aff~t fM alyinai Wbiliry pi tl~ MOR1G~CxOR h~ihr.~itiMr ii? whol~ a In p~rt. -
10. h b~Ih. +on~d ~Mt ti~ i~ di tlr:e~-oi tli4 ow~+e~ and t1o~t ns vwiwr d.'a~ry? obfipation her~unds~ ar of ih~ abllp~tioe s~-
cvnd hor~ sM11 at ar~ tiiM M~a b~. h~kL b b~ i:waivy of, th~ tem+s Mr~o1 w of 11~ in~1n~M asaKad Mrby.
I1. In addilion to fh~ fq~poi~g moMhlp,P~X'R~^n ~ P~-P+~ snd Infaest.r~9uind !ry tM P?anis~orY oote secured hereby, nwrq~por oow~wMs
a~d ~grep ro piy to mortQs~se witA ssch monNdy payrnent +n +ddtio+++~ sum e~timaNd by merl~apie to b~ ~qu+l to 1/12 of th~ amual ootl of the fdbw-
ing: . . . : - ~ . . . • . - -
- A-All ~eal popa~y wus isvied or suessd: ysinst the atiav~ desoribed ra~l ~ est~ti: -
B--Gremiw~s ofi fae an~1 windstcrm~ i~aura~+o~ ~s h~rdn .requirld b 6e Wrfed ah NN impruv«e~q situate af the ibove desn~ed p~emis~s.
G-Premiuaa an svth mor10+9e ~ww?aMY M~wance ~i ~~!A~ ~ fram t~ to tirne deMe fit to cury on ths ban secur~d hereby.
Nlortyagae shatl from tGme to tim~ ratify mortg~por in writi~g of th~ amaunt due ~nd payabk hereurwlsr and such sum shall thereupon be du~ and
~ payable a+ tfi~ dw date of ~Iw next montF~h p+Yment and eacfi woc~ssiw mont!? tMre~fta ~nHl mwpspee ~hall notify mornyapor of a cFwg~ in wd~
~ amouro. Suct~ s~x~s ihatl be applied br mortp+pa~ roward the p~ymsnt of nel p~operty taxes, f~r~?ranta prem:ums, snd mortpape pux+mY iiwxarw~
~ pre~rwMm. '
IN WtTNf55 YYHEREOF. th~ qid MORTGAGOR Ma Mrsunto s~t his hand and ~ssl the d~y and ysai Pvsf aforaaid.
i Siperd, S~abd and deliv+?~d in the prM~noe o~
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s~tittT blsl~ JO~s ' hit wife. ~o me vwll knawe ~nd kewwn to iae to b~~
th~ ind'rviduab dNCr~d in ~nd who t~ecuqd th~ fonpoinp inshu~n~eW, and ~duawl~dy~d btfon n~e Mrt tM~? ~sscvNd tM sa~n~ for tM purpaN
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,~r. ~ n» ..sa - ?a~ Rdwrd Joosa - , ~.a .~a ~?w t
ex.nNn.~ion bp e» ake~ ~.p.wt~ ,na .p~rr rran M. ..id h~wbM~ .dcnow++dp.d a.nd b.ra. n» that .h..x.cur.a ..i~.twnyl}~.~r «+d v~ok~ ;
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~ arilp ~nd ~rithaA ~ny aoenpulsion, oo~rtr~int ~pnl~i~ai~, a f~ar of a han Mr wid hwbaid. ;
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RECORD VERIFlEQ ~ ~
This Instrumtnt Prepared 8y J. D. ChY ,:~~j ~!~'j
Fnt F~dual 5avinqs a loan As:ociation ~+wV ~8 ~ 2
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