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HomeMy WebLinkAbout2926 , PROVIDE:I), .~LN'AYS. that ~f the Sturtgaeor shall pay unto the 1bn6agre the ~ndeb?ednr» r~•idenced b>• a cetta~n ptanisso~y note~_of wh~ch the foliow•ing ~n words and f~~ures ~s a uuc copy tu-u~~ _...~.~....r.r..,...~- - - .._.......,W...._,?_~....~..y__..~.~... y i • , • . ~ . ~ . y~,. I~ ?V'~'~~ ••~'/iv i yvt~v ~ - 7 ` ~3 U~ 7 \li.~i~.i. i~ l~ri~i ~ _ 1'? 7 L ' - a._--__ A il__I7._--- }'~~I~i 1 \i l : ';i ~.i1 c~.~i \ 'y T . ~ ifl~• .~[~~r( u :~1.~.\ i ~L\tL~:.Y - r: ' . . t.~U_l:l~r tuJ1.1~' ~ ; i. i i:'i ~.S , A:s .:oint -Ten~znC s~vi t~i I'.~,;n..s o L; '.-\r-`7 -`;r'?~ - / - - ,:.r ~,r~u~ ~i .u:1. ~.~l.t' . _C1~:;;~i:1C _S Z1.._ ~~C1Z'.~=Zt~Ci i~}' ~:Llt~__11i~` IQQ_. 1)t)~.~.:1~1~. i~~r;~•ti~rt wttil inlrrr.t ~ ~ .!:~':~'l fi ~CU,}1 .li i.lt~• U( li'tl !~a•(t't`NI, i1Cf d71ll;IlU !i7llll l31JIJI1L1'. LJ1I1 ~~Cllll'Ik1dI dt11I II1~~YC~~ VNI1~ j7d\dLI~• 1(1 IJN'{UI UIUIIP~ U~ i:l~• l:~1~•a~ ~(d(~'.. ~~~~~Yl i.L ~'Jl li~' ~)~\12.. ~l?dlill. C~UCil13. UC 1~ ~U~'`1 U:::~Y }~ial'C 1~ ~ill' flU~1~CC1 ~lC~a'U~ fU'J~' l~C.~1rI11~P 111 K'(ILIU". !'r~n,v~lat ~nd ~utrn••i }~a~ ..1,1r ~n i~i~i::1Ln. nt~ I~iluw,: ~ i Ei;~hty-Five ($85.00) DolZars per ~r.on;~'rt, for sixty (b0) consecutive ~ :aonths, on the 25th day of each and every m~nzh, be~inning on the ; ~t , day ot Jline, 1971, and con~ir.uing u:~Lil the •lSth day of ~ June, 1976, at which time the balar.ce shall become due and payable. ! Thi. no:e a:a~ bc prep:::~! :n who:e ot in part attar one p~ar tro.:, t:^.~ d~:e heteof upon paym~nt of a penatt~• eyurvalent ~ :i\: 1~LCC.^.i J: i~:C p:~.^.~:r 1t iVIII }~iC~:l1~I. ~ h:~~ u~-:.::(n:r:~t U:il U:rr?i .-ic.~l1 u.• crrditr.l lir.,! un thr inir:rst uue. JJlti tbr rrmaindrr un princif,rl; and inlrrc.t •h:tll t{~rr~•• , ..~•,,u +~~•~~r c~,.~n i::r pn:i_•ti,ai .u ~•rrd~trd. ~ ~11ir u.a~rr~ ;;n~i rac;ur~rr~ .~1 thi. t?utr turihrr ,~r:~~c tu waivr demat~~. :iu:icr ul r.uu-~~,~yment ~nd E~rutr.,t, and in tli~• rvent ~ui! ;1 l~.• E~ruurh[ !uc ti;r rui~r: tiun hr[r~t, ur t~ir as:nt h:~,i t0 uc c~l~cc[rd u~~U[t (~cI12aRC~ U1 :tli 1L~UTACY, tu ~~ay rr~una~?I~• atturur~ ~r 1uf li/dj.l:,~ ~LLCQ ~-ultriZtU7l. . U~•frrrr,', j~a} i;ic:iE~ ii~rrur~drr ,iiall Lrar ~r.trrr,t at thc rstc of te~1 pCnrnt p~•t .:iic~.u frwn rtiaturity uniil paid. l~t:i. nu:r i~ .r.-ured L~• a inort~,~,,~;r o: r~~•n d:ite herrwitli ~nd i~ to bt• con~trur,: and enforced accordiiti~ t~. thr (aws af e ~..,ir o( F1~~ridr; up~~n ~efaul; i~ t6r. paymrnt uf principai an~/or irct~ce:: Kaen du~, t::e whole ..um of princi~al and inier st rrn~ainin~ unpaid ~h:~ll, at :ile ~~?tiun of thn c~~ldrts, 4~come i:nmediat.;ly due anJ ~a}•abte. . , - ~ . . . " ~ ! (iE:~L) - (~~::1L> ~ ;.~rr~t b~ `p:tlrz:~ Trndnch. liturnr~, - 2'_-:J 8:sri}r.; Y~vd., \ii.?m~. I'~(y;i41 ' ~ and shall perf~7rm, cumply~ w~th and abidt by each and ever}• the sUpulaUon~, agceements, cond~tions and cove- i nants of sa~d prom~sson~ note and of this deed, then th~s deed and the estate thereby created shall cease and be null and void. l. The \lortgagor hereb~ co~•enants and agrees: lal To pay ai! and cir.gular the princ~pai ao.! :ntercst and other sums of money payaole b~ virtue o{ sa~d prom~ssor~~ note and.sh~s deed, a tuher, Momptl~ on the days respec4vcty [he samt sn•enily becomes due. (b) Te perm~!, c~mrnu ~~r suffer no ~rsste aad to mairtte~n the ~mprovements at all Umes in a shte o( gou.! rep~u and cond~uon, snd to do .x perm~t ~o be done to sa~d pemises nothin~ that w~Il alter or chan`e tAe use and ch~ncter o! sa~d proper~. or ~a any ray ~mpau or vuken the se;urr.y o! ~h~s ~n«taa~e. ?1nd ~n case o[ tAe re(usal, ne~lecl or inab~lity o( ~he Mort6a~or to repair and mainta~n si~d proper- ry, the \t~xtsaEre maY. at h~s opUon, make sucA rep~us or :auc~ the same to be made, and ad~ance moneys ~n that behalf. (c) To pay ai! and v~n~ular the [aaes, assessments, lec~es. :~aDiht~es, and obl~~ations of every nature on sa~d descnbed propeety rach and every rhen due and payablt accordin~ to lar, bef.,ro thty become delinquent, and to deliver to the Mort~agee ~n or betere March 15th ot tach year tsa re~eipts ev~dencma tht payment of,~~i lawfully ~mposed taaes for !hc precod~n~ calendu year; to ~ndemmfy the !Natsa~er upon n~s demand tor all taxes, aasescmcnfs and char~es that msy Dt assessed upon this mort~a6~ on the ~ndebtedness s•- cured hc~eby, and pa~d br the mo~t~a~ee, ~~th~ut ?e6ard to •ny I~~r hertto(ae enacted u[ hercafter ~o be enacted ~mpoy~ns ~aymeot o: the r hoie oc any ~art tAereof upo~ the btortkagec. (d~ Tu pa) alt snd sinsular the costs, ~harses and espenses, ~nclud~na laayers' feec and at+stroct coct. reasonaAly ~nturttd nr p~td e; an} t~mr ~hc ?1~ut6a(tac bccau,e ut thc failure on the part ot the Nor:ga`or to perform, comply r~th and ab~dc h~ ea.h ~nd c~cr> thc supu!~:~on., a~rtements, :ond~tcon. and a~nenants of sa~d promissury notc and th~s deed, ar citAtr, anu e.ery ,ach pa~menc ~hatl bcar rntere~t t~om Qate at the rate of !cn IJ04! per crn~um per annurr. t~l k~~ lurthor coYtoanttd snd ayeed by said pau~es that ~n the event of a su~t bem~ msututad to (wtclose th~s mrxtpEc, the N~x~- {a{te sh~il be enUtted to apply at ~ny hme pendin~ such toteclo~urt su~t to the coun h~vm~ ~~u~sdution tfiereo( (or the appotntment ot a rece~ver of all and sin~ular !he mor~~a~ed property, and ot ali rents, mcomes, protits, tssues snd revenues thercot, frnm Mhatsor.cr ~ource derlved: snd the~eupon ~t ~s i+ereby eipressiy coYenanted and •{reed th~t the Court sh~U furth~~th appom[ such rece~ver a~th the usual po.er~ aed dut:es o( rece~~ers ~n l~ke cases; and s~~S appo~ntment ~h~li be made Fy the court •s a matter of strict n~ht t~, = : e9a Mor:~a~ee, and w;chcwt ref~rertce to the ad~quacy or madeqoaey nl ~he r~lue ot thr property heeeby mat~aRed, cx to eA~ .olven~y K ~nsot•~ency vf Q+e Mortta~ocs or any other p~rty defendant to sucA suu. The Mort~a~w herebp spec~he~lh ua~~e, tA~ nght ro vhiect :o tAe sppo~ntmem o( ~ rece~ver •s a[ureaa~A •nQ hereAy ezpessly consents that ~uch appo~ntmem shatl be made as an adm~r,ed cqwn •nd as s matur of sbc„iut~ r~~h~ tn rhe \}m~~a{ee •~d that the same may be done o~~thout not~cr t~ the ~lort=aaur. Ifl Jt /orec;as~rc proceedinjs shnuld be inst~~uted ijsinst the ptoperty co•ered by th:s mort~a~e upun any n~her I~~n or ,la,m wh~ther slle~ed be supenor or }Lmor ~o the Len of tnis mort~~~e, the Alort~a~ee may ~t his ophon ~mmed~ately upon ~~,t~tution ut .ucA cu~t a du:sn~ th~ ~+er.deocy thereo( declarc ~hic rnortgaEe snd the ~ndebtedness secured hereby d~~ and psysDlc r~~rthr,eh ~r..+ rnav •t c~~,on procerd to faeclose tK~s r.turtaaae. _ ~i~ ~~T «c NM<<aja xill keep all rea! and pers~n~l propert~ no~ or Atrea(ter encumbered Dy eAe Iwn o( :h~s mort~a~e ~nsured as m,~ ~e reQ~ued (rom nme !o time b~ the Non~a~e~ ~~ain~t toss by f~re, w•~nds~am and other i~acards, caswft~es and ~:~nnnRencccc f~~r .u,h ~<<ods snd tw not le~s thsn •ucA amounts •s may' be rtqu~red by tht ~1o~t~a~ee and to pay piompUy rhen du~ ill prcm~ums fc~r wch m~ursnce. The •mo;~nis ot in~uran~e requued by the lNorta~~ee sA~11 be the mm~mum amoun~s f~r rMch s~~d in,u~ance sha11 bc writlcn and ~t aRalf be mcumbert upon the titort~aj•x to mamts~e sucl~ addu~on~l ~n~uanct as m~~ be necess~rr to meet amf .,:mpl> (ul~y r;th a'I co-inaursnce roQairemenb con~s~ned in •~~d pul+cits to ~i?e en0 ~h~t tAe si~d Mm~~[~~a ~s not a co.~n.wor ~hereunder.~nsurancc sAall ~e rnttee by • cunp~ny or cweD+^~~• ~OD~~~~ed w de.:~n~ted by ihe Mewt~a~ee ~nQ all polici~~ and rene~al. ther~of .Aa{; A~ he:~ bv the 5A«t~~ee. All de~a~leC de~~~n~~~ons by tne MMt~~~or ~h?cA art •ccepted by the Mort~a{ec and a1( aauemente aetreen ~1urt~~ror a~d 41or+sa{ce ~e:atins ta iniur~nce. nor ea~~unj or h~ree(te~ m~de, sh~~1 be in Wnt~n~ •nd sA~ll be ~ p~rt of ~h~s morcRaae a~rrcmcne ~s tully thou~A ss~ lorth ~erbium Atre~o and ~h~i1 sorern RotA p~n~es heroto •nd ~ht~r ~uccessor~ •nd ~ss~~n~. No heo up~in any ol ' s~id p..is~~e+ o( ~ns~rance w uPon ~ny refund nr re!uan prem;um vhich nuy be pay~l+It urt the e~nctit~t~on or tcrmmat~vn ~herenf, .h~!( ~ nr ai~cn ~o other ~h~n ~he Mat~~~ee. eaceD' bY P~~per eador~ement •I(~~ed to •ucA pol~cy ~nd ~ppo~ed by M~Kt~~~et. F~ch p.,;,.~ ~ ~nsm~nce ah~ll h~rt •((ued thueto a SunJ~rd Ne~r Ywk Morts~~ee Claust rrnAuut Contribuuon, makln~ •ll lo.s ur loases unJer .uc~ t pol~cy psy~~te ~u tAc 1Awt~a~ee ss ~h ~niurst m~y appear, In tht event 3ny sum ~x ~ums of ewney becant p~yaDlr ~hercundcr !~r ~S~~r~- ~.~ce .A,11 Aa.r ~A~ o,;~on ~o rc.~~rc ~nd apnt> ~Ee same on ~~ceum o`. thc indeDiednesa hereby secured. or ~u p~rm~t ih~ ~1~~~w.K..~ •ecei~t •nG it, rK ~n> psr~ fAcreol, x:th~~ut therebY +~~~~~n~ d~mpr~r~n~ •nr ~Qu~ty. he~. or n~h1 undcr ~nJ b~ .uiuc ch~. f irxwr{asr~ In cvcnt nf 10~• a pRy~ieil d~•a~j~ ;n ihe mortj~~rd proprrlv thc Nmt~~aq s4~11 j~~e immeduu no~~.e tAtrt~~f .~~1 t,• ~ r~:~ ?I~N:~~~rr .r;r \Iort~~K~~ may m~k~ ! ~~I 1:.•.. ;f •4~- ~amc i• nut ~~.:dc r~,~Rru. b1 tht ~.lu.~~sof. ~R c~rn• ,~t . . j a 191 2~20 , ,