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HomeMy WebLinkAbout1532 t,~ .~~.ir~i .~~ni~~~r ~ri~:r~i nl ~n~•1? linu• c~~~~i in r:~~ri~ ut~~~~••: at~~l ~~i.~o~: •.n:~:l i... r~,rrt r'•...~r- z:~:.` l~y ..~..•n~:.•:'~ .~i~v :~ii c~u h ~~~L~v :~~ul (ui 11~.•r ~nn~ I~;:~t~~..,. ~ti•.U ~~t~~~•ui •i u~ Ii~~ .~~~.~t~~ r`, ~ i:~- C.~:~: .~~:.i ~~i::.•:' .i~•.i~~~,~•ntc .i~ m.~~', ~t~ li~r ~~~~i~u~~n ~~f U.r ..i.rn.i~•i~~, ii~ r.~•r~••.~.:,~}• nr ~1~.•.~r:~i~l~ ~t~ n~.~. r tn ~•:i~•r- :.~c:,~:.•;.•. rn~.~i ;~~v i~•.•1 ~~r t~~ r~~nt~ii~ir :,n~l ,~~••.r~ v~• ~ ! . ' ~ i ) lilr .i~:::~ti~~>> i~: li.r ••~?,.~rr.u•~ ~i:.~.i•i .i:. ~.~:r .~n~i ;nn :i~.~~t:•.~;~r, :,iui (1~) ti~~ liri~ ~2 tiu: mo~1~;r~~'r ~c a I~r~t ~nrl ;u~~~ L~•~~ ~~~~nn aii •.f th~ : i~~r;- •~c.~ i'~.~~~'.i~•. ~~r~•1iir~ rn~~v nwn~•~: ~~r hrtr.~fU•r :~c~~~~u~vl I~v ihc "itutti~w~•~.• ii~~~,n :~i~: ::~i~ur~ i,y t:~~ :~~i..t~~~~•::~' tO tn.i~~, i.~r ••~.r:~~ir~" In.~)' n~.~i~r, ~•~~v~itr, ~~•~•~q~l. f11r, tc-tr~~~tcl :~n~l/~~r t~•:~1~ :~t~y ai! •.urfl moc:.,.:ti.•c. ~n.t~iuiir~itc. cr~i~~ic.~lrc, aiui ~Incusn~~Uc f~i :,r~~i »ti ti~~ nan~c ~~f th~ ••{t~ur~~:c,•r.. : ihc ••il~.r- :o~vcr.• ticrc~~y u't'c~~:.i:•i}• a;~{~u:t?tc 11?~ "L~ti~l~•r" lh~• a~;i•nl ancl aU~~~n~y-u~-t:~~t 2l.~ "i:~~n~.:v~r" t.n tn dn. :nc i~cn i~.rc~~; ~viil .~ut~~~ii~t~c.~llV att~rh, ~vilh~~ul (urihr~ :icl, lo aU :~(lrr '~c~~u~rcd pru;~~•rly t~ltachcd to and/or usc.i u~ llic ~~;~~r.it~i~n ~~i thc \lo~tl:al:cd l'r~pcily o~ ~ny ~~:~rl U~c~co(. :.:J. i.~.;:.c~ .11i~:tin~ ~1n~1rt~~Q 1'~o>>crly. 'fhi "11„~~-~~~vcr" will c~m;~ly ~v~fi~ :~::~1 ~.i.•~rvr• ~i•. ~~~,i~:;:,- .J::c :S ~.111Q~~~:'(1 ll:l~l~ t' :li~ iCac~•c Alf(`C~1llj: l~l(` 1Zn1'11::11:r(~ ~'t'O~~N'l)' oI' :~Ily ju~l I 1~1~`1~: ' :r~ • "i r " w,:l ::u::::~~ "ic~:.i.`r•• ~~•~t:i cx~•~•ni~•~i cop~c~ n( tili i~a.c~ n~m• oc i~~~r:~ll~r c~cal~•~l ~~:ti ...,u: ;~~~~~iu•.,..., :~:~tl :~i: ao~v or iicrcatt:? ~~nl~~~~~i mi~~ ~vi11 l~r ~n i„rm an~i whct:~ticr ~uh~cct tn ii~~ :.~~+~i~~v..i "i.r~.r;rt", i ~~O~vc." ~~•~:i :i~~i, ~vitl~~~ul ih~ rxi~rccc ~~~r~lirtl cnns~•tit ot lhC "L~~n~lcr•• n~~~l~fy, cur~ ~•nu~•r ~~r t~•rrn~n..tc. ..:.~c~ o:a;:y o: ~t~ ~~•r~i~n~t, an~• iras~ I~~~w cxishn~; m~ h~•~ra(tc~ cn•al~~~i ~~i~~n ihr Prcini:.~. ~ir:.~r.i~~~i i~~r~•:r., ~~•~i: li~C ':t.~~'ru~vcr.. ~u~i~~?il an ac~~~;tui~~~tt or ~~~i?-1~•r~•:~ ~~ilhuut lhr c~;x.~s: «r~t:~n c~~n:r~n: o: i:.c :.:::~i.~c", ••.ii.~rrn~~•cr.. ~v~i~ n~•t accrpt ~.avmrnt ui i~•nt mnrc than lwo t:iuntir: ~ti a~i~•:~nc~~ v»t:iotii :~C . cx,i~ c<c ~~•r:ii::~ cu:~cc~ri ••i.c~ui~ U ~cqu~cl~~ci i~y ti~c "[,rnc2cr", thc °I3orrow~•r.• w~i1 a:~.~;:n to ::~c ":,caci. r" .-~c auci~:~ai~l sccur~t~• any nnd oll ~uch I~acr~ ~~•hcthcr now cxist~n~ on c~rcaC:cr crc~:~t~~i, inc:uu.n~. w?:;:ou: Lnutat~or~, al. rcntc, ~~}~alUCS, ~ssucs ~nd pro(~ts of tiic premiscs from tamc io time ~~cru~r~ti. ::~,.:~.cs. :iu "li~rm~~•~r" ~~•ill pay or rciinhu:sc thc °I.~ndcr" f~r a~l rca~nnal,lc :.t:ornc•,•'s fccs, cos:s :.nd cx, c:zscs incurrcd hy thc "Lcn~lcr" in ~ny act~oii, procccdin~; or ci~~pute of :~r.y ;c~n~i in v~•hicn :'r.c ••:..c:idc:" :s :nacic a part~•, or a, pcars ~s ~~arly q~lautiti[f or cicfcnciant, atfcctin?: thc notc, R103 :,:a ;c, i~orro~vc: o: n:oi-t~a~;cci , ro;.crt>•, ~~ul~r,l~~~~, l~ut n~~t limilcd t~ thc iorcclosurc of fhis mort~a~;c, :.ny cond~rr.n:~ti~n acti~r. ~r.vo:vfn^ ti~~ mort,a:;cci j~rrm~s~-c, or any act~on to prot~ct i}ic sccurity h~rcof; anci any suc:? amounts paid by tiie ":,endcr" sitiail i~e aeiiied to the indebt~~inec~ and secured by the i~en o: this mort~,:~;;e. "I.cndcr's" Pc~f~nnincc of ll~faults. If ilie "ilorrotvcr" shall cictault in inc nayrr,c:it of any iax or o;::c; ;m~os?t~on. ~ii i;s oi~ii~;aU~n to furni~h i~izurancc hcrcuncic~ or pcrformancc or ot~scn•:~nce o: am• o:hcr CJ~'CA.-~:.I, CJ11.li1:A:1 OI' lCtttl ~Il 1~115 mortGa~e, 1~1C ~~Lcncicr'~ DIIY pcriorm OC OtiSCiVC tI1C S.lIi1C, :~S:G :.ii 7::}'- r,:catc n~.acic o: costc or c~i.csicec iiicurrcd hy the "I.cndcr" in conncction thcrc~v~tn, sha~l be sec;:re~~ i;._rr~.~ f lft@@A ~~i:.:i h. ~n~tiiccii~tch• rc~~i~d hy tl~c "I3orrowcr" to tiic "Lendcr"~ witn intcrest tncrco~ ai s'{X~,~: ccr~t i~~b~ ~`o~`~~,cr anr.?:~i. Tne "i.cn~ler" ~c hereby empowered to enicr and to authorize otiicrs to c~:cr i:, ;n :ac \;ort~aticd i'r~~,~rr:y o~ an~• part thercof for the purpose of periormin~ or obse.ving any sucn cic::.u;:ed co~•er.:.::t, con.~~:•on or tcr~n~, ~riti~out thereUy beroming liaUle to the "Borrower" or any person in posses- ssoa ho:d ~OCy%i~~ ~~~C~n:~.~Sl~c~1~~ ACCOUVTS .See Pax~qe 8 for provis ions o` ?aracraph :_:3 X1:S,~::i'~:XRi~i}ti~itiCi XS~\:~T?~~i~.~Y?C:tX3i?~'Xtl.'Y?~X~ .~hY:.`~t4:`.iiI~X~Xt~::t,~'x;x:sx:cir;?{~.i~Y:ci.ii:r-xv~ 1 13 3:?C~?: ~."~.'?.t'X3:.ti'ti"?y,'Y~LY9~C3.'si~C~"L\`A.`~3i~iAt~Xiti1~"Q~~i.'7~.'~C~~)$XSt~C:v'a3ti3S~?43:X0.*;C3iDC3~t1:f?Gl:X:~TJ{i.:G~~ }~:''.rC ' 1.`3•:r}:\J+~'Z C.\'i~'. ~3iSt X'3{]~.'?CXSC.XD.'3CJ~'~{X.:C?~'~ia'12Yh~}RY`.~ 3~Y~i7~'.7L~i:G:1C: {A7L~(?C~3Gid:X~{A:?:..'~:Y.XAG}f }::G71C:b..'~ ~`A`~:•}.~X:4?~th?ifi~ti+ ~it~. ~~~~Rk ~ 71's~ 3~{ ~KR~X!'1~~, f~ ~1 ~~'-.~}c~.s~r irti'?~^ ' r,! ~?~~;n' n ~ :t:~~Y.3{ai-~i:.~,T:.,~,~'X?~kQC~12}f~:t7GA:]G.~~.~]~~]6:~:}:7di~?f:~:?.. M2{~'=. '~.5,~~~~~iyr~}- ~.rr. r~ Ft{ '~u}C.~~{1~~+2.~' ?~C~}~:~ . :~?{:...v.Y::~ti1`ii.~K ~i~i2~:Y.~i~WtX?;.?~I~:d:(~fi~~D~CR~B+`i,?tX;tY.~}fH,'~~ t 13C35lthC:i~:X~2::C~c~cY)BR~i~X9~Y..-'E.~:Y6,f?~;~l:.kiG~:iY~{t::d~,.a::ii~ ~~.'~b~': ~i3{X~i1K ~'X L~lf Y X3i~1{~{ lisll?t~3fipC 7~OP~i'~ibt}* 7~2{~uXaY A b,a`~X1!~d~2{~G.Y~2i ~"ooCs`?}i'J~'ti:~"d`~ X X X X X X 1.;4 Esto, pcl A[iidavits. The "Borrower". within tcn (i0) days after wsitten request from the "I,endcr" s:~ai: :urnish a written atatement~ duly acknowieoged, setting forth the unpain princ~pal ot, and interest on. the note and whether or not any oftuts or deienses exist agaimt such principal and interest AKTICLE TWO Defaults 2.0: i.vent of Dcfaul~ Thc term Event of Default~ wherever used in the mortgage~ shall mea~ any one or mo:e oi ti?e to~iow~ng cvents: (ai F:.:iLrc by thc "Borrowcr" to pay as and wncn ciuc and payabie any inscaS:mznts o: princ~aa~, :n- terest or t:,x ocposits ("tax deposits" aa rcqu~red in Paragraph 1.03 ot Article l); or i:~y ia:;nre by !he "Borrower" to duly obseree any other co~•enant, condition or agree:ncn: oi :i::s r.tort- .;as~ ior ;n~rty ~30) days a(ter ~.ritten notice specify~ng ssch fa~iure shalt have been ~iven to "3orrowe:" oy ":.enccr"; or € . (ci .he Ii.:n~ ny the "Borrower" of a~oluniary p~t:tion in bankrupicy or :i~e "c3or:owc:'s" aci;;:c.catioa ` e5 o Ge :d:U~12 O~ .ASOIVCi1L, OC lllE' f~i~n~ by the ~Borrower~~ O: any pet~ttion or 3T.SKCT SCC~Cl:.jj Oi' dCC~.:tcC,.^.~, ~ : " : CO: "a^ 7.di:OT'., arr:~n cment, com~osition, read~ustment, ~1Q131a.illOfa, ~C Ui/OTl Or s:n:~::.r r~ ~:c: :J: • : :Y ~ t , d'.. _ oi e :.cc:: ;::.cer any ,;escnt or future icdcrai, state or other statute law or rc~u:aiion rci:?t.n~ :o ban::r?:~;cy, ti ::.iGi~'fLC)' O: 01:1Ci' rci~cf for (~Ch10~5, OT 1~1C ~~Borrowcr~5 ~ SCC:C1ilf,' OT Concc~ting LO O: :~CCU:CciCI1:C :(i Lt:c' ' ~ ~ i;.O.:.:ft'iC(l: G. 3il)• 1TUStCt, lCCCIVCi' OC liquidator ot thc ~~~O~COWC~~~ Oi of ali Of ail}~ SUDSi.lfitl:~i ,7.ir: G: ttti~ :~:o: t~abcc: i rapsrty or of any or all ot t}ic rents, revenucs, issucs, earnin~s, protitc or ~ncon:c :icrcoi, c: : zc ~ ::B.C..-.C O: ~nv ~cne~al assi~nmcnt for tnc tTCI1C~1~ ot cred~tors, OC lf1C 6UIIl15SlOii l~l W~iiiilb' Of li5 :i1:,D:ilt)? ~ to ~ay :is cieots tieneraiiy as ti?cy bccome due; or i• ~ (ci :~e eni:y by a court of competent ~wisd?ctio~ oi an order, jud~;ment. o: decree a~,:o.:r.~ a,c;,t.ar. ~ :i.Cu o,'',o:riSt tfC "Borrowcr" scckino any rcor~~nisatian, arran~cment, CORIj)OS1L10:1, rcaojustn:cr.t. ~:C~:iG~::O:i, • c.sso:u::on o: s~mi~ar rciict un~ier any present or future fecicra:, state or other statute ;aw or :c~~.;.~::oa :e- . ` •:+:.~.7, i0 Oe:.~t:liaiCy, in«lvency rl~ Ol}1CT rclicf for dcotors, khich OTdCt. jUU;R1Cf1L OI' (ICCi'~C fC.'.i.liGS 13G~':.- ~ CiaiC4 ar~c: ur.staycci :or an a~.;re~ate of sixiy (GO) days (~v:~ether or not consecuti~ci irom ti:e .:~;e o: cn:.-y ~ c :r.e:coi, or :he , o.:.tr»~M nf ~ny Uuslce, recciver or i~quidator of thc "Borro~vr:" o: o: ail o: .-.r.y s~:~- e; s::.:::a: art a: ti:c Z;ort,a ed i'ro rt or ot an or a:i oi tnc rcnt~, I'CYa71UC5, f.s~~s, carnsn ' ~ i~ Y Y ~ ; , ro:its or :n- C4T~L' if~CtCG: W.~f.OUt t~1C CAiIS~`Tlt Of .ICf~IUCSCCIICC Of ~}1C ~~l;OrfOWCT~~ K'hlC~l appoiniment SA.i~i CCAi.ilA \1flVu~ ' c:tec end ur.s:~ycd :or ar. a~Gre~;.:te oi sixty (GO) days (wheiher ar not consecutive). . ~ 't.G2 Acce:erat:on ot ~iaturity, it an F.vent ot De:ault shali ba~e xc~r:ed or.d be co:.::nL:r.:;, ti;e °:,en.:- ~ - C: l:."oJ GCCio: i ll.e .^r.t~re prmc~pal amount Ot t}1C 110:C i~lCll U117.1i(~, :lAa :t1C ~ntcrest :iCC: UC~ i:7CCCOJl LJ ~~C ~ = c..c ~r.c: ~:.yan.c ,rnmcc:~atcly, ar~d upon auch dccIa::~tion sucii princ~pa: and interest si:aii ior:i:w:th b~:om~ a:.G :i2 (.UC :.T.G ; Jy:ii)IC, ~S :ll~lY and to i~1C S:IiTiC Cf;~CZ 8S It 1~1C a:liC Of St1C}1 aCiiaiai30R R'C:e Ll1B date GT?e.;.;..iy spcc::~ec for tlse malunty o[ the unpaid ba;ance of tne notc. , , { ~.u"s °Lendcr's" P.~;,ht to F.ntcr ~nd iakc Posscssion, Operate aad App.y Inc~mc. _ :+r~ :.vi:l2 n~ ~C!:~llii ~}l~~% h:1VC GCCUC~C(: ..T.Q be continuinF;, i}1C °i~O:TO~t'.': :.~,JG Gi'.^.'.:,::7 J: L.~~ ~..C:.(.~.'S , s7 :4Ci ;W~tfl SUfiCfIUC(' t0 111C ~~I.(A(tC:~~ :tiC :~C~Ua1 OSSC56i0(1, ~RG :i 0.^.l: :O . ~ ~ P :a' CXi: :t 7i ~ il::ii~: :r~ ::~x•. :r.~~ ":.c:.c:c;•• ;:sc~:, or i~y s;uh officc:s or a~cr.ts as it may a, potini, may c::.c: .,r.~i :a:~ ;..;;c:s.o : . ~ fi: :GC .~6t1;;:. ;C~ I~CO~MfIy, ~p4 R:3~1 CXC~1~(:i 1:1C 't3orrowcr" aR(3 1ZS ~b'Cf1:5 3Ra PiZ:~.OYC~`j \\',Z~,,.Y ,,;p:~- SC4:7, :.r.G rr.:,y navc ~o~nt access Wll~l lt1C ~~~O~fOWC~~~ LO LI~E' booics. papcrs and BCCOURLS Jl i}SC ~~t3J::JW~i'". ' = toi :f t~.c "2wrowcr" snali for any rcason :ail to surrcndcr oc dciivcr ar.y suci 1:or:~;:.bcc s~SJrC::y o: ; _ 'iaT: tf.CtC4. :::er sucn c:em:~l)(~ D~I LDC ';/.ortgabce". 111C ~'I,ender" I:IaY Obi.llfl 8}UUbi2:C:1L J: GCC:a~ CO:.- ~ :c:r:r.;, GC~ L:~C °i,CAGCl~~ LtiC ~11;~11 l0 ~mmcdiatc possession or rCC~U1t1Ati ~('iC 'Borrcwcr~~ LO OCiri'Cr 3R1JiiC~l:.liC y~ ;.cuess~oa of a~i or ,~art o( aucn ~/?ortqaQed Property to tn! 'Z,ender"~ W tho entry o: wh~cb juci~mer.t or ce- 4 Cle! t['if MaOtrOM~tf~ nereby aacciiicoi1y conaenta. ~ ~ . t _ ~ eour 1~U 1529 ; ~ : - - ' . . . . ~ - I Gt ' ~ - ~k: ~,~.3.'R_.., e. . . , _ _ . . _..e-3=: