HomeMy WebLinkAbout1792 O. 10 pN~W~4 cwwp~~ w~m ~rq w.w v~
U M+y e/ tM ~w+r ot ~.oo.r h.nM ~•~«..e a b. ~a aoTab .~d t~ny p~id within fAirty l~0) J~1I~ n~~~ ~f~M M~ s~~ ~~w.~lly Mcorn~ dw ~nd wY~bl~,
a i{ ~~ch ~nd rwrY ~M ~lipu4uoro. +O~ww~nM. condi~iar. ~nd covawnb of ~+id WaN»wY noN ~nd ~Ai~ ~nor~y~p~, w~itMr. N~ na duM PM}a~d. canCl~~d ~
wi~A ~nd ~Wd~d bY. Nr ~9qrp+q ~wn rnM~ion~d i~ uid Mani~wry nob aMll b~co~ dw ~nd wY~bN /wtAwi~A w M~~~Iqr M» oD~ion o/ IM Mor~~pN, ~
as fvlly ad caw~Nly a i} Nid 19Wp~N sun~ ol inor»y wu aipiMlly ~IipulN~d 1o b~ Ptid on ~ucA d~Y. MWt~inp in s~id pani~~py eqt~ a M?~i~ b NN
cOnMYp ~10twilA~IMdwq.
0. To d~liwr a wid Mor~~yN. on w b~fw~ JMarcA ISM ol ~ed~ Yw. U¦ ncMp~~ wid~ncinq tM qynrn~ of ~11 I~wh/lly in~pos~d baM ta N» pru~b~q
c~MmMr Y~+r, w d~I1vM a uid Ma~9+p~. r~c~ipM w~du~u~p ~M wY~~ oI all li«u fa p~blic i~nprow~nh w~tAin ni~~y (90) d~y~ ~Iqr dr ~MII Eaow»
dw ~nd WY~Lh. ~nd b WY w di~cMry~ wiMie ewmM (90) d~ri ~}Nr dw d~q. any ~nd ~II povern~m~l I~vin ~at ~y b~ mad~ ow Nw ~na~q~q~d OrovM~11.
on Mis nwrp~q~ a ea~. w in ~ntl oN~e way r„ul~inq iran tM Ma~pp~ ind~bNdr»ss ~uw~d Sy Mis mor?p~q~: and if N+I~ conditan b~ no1 campli~d wiM ~nd pK•
fan»d, aW na.~wa•• T+r wr a awm w?ucA ~MII E~can~ p~rt of M~ d~b ~awed btr ~hia mortp+p~. ~+d sMll b~w inhrw~ ~t Nw r~h of sia pa c~n~.
lb%) Pp wwq. Wv~bN snni•~r+udly unNl p~W or ~aid Matw9M ~n+y ~Nct Ma utd ma~pp~ d~W ~AN~pon bcan~ dw ~nd p+Y~b1~ faMwi~A. ~ ~
9. 1~ is iwtM+ co+~eynud ~n.i iqrMd Ay uid pNtiN ~h~t in ~M ~wnt ot • suit b~np iruriwted a(a~clos~ ~A7a nwnp~q~. tM Matp~p» ~MII b~ ~nrit4d w
apply tl anr Nn» p~nd~nq sutA 1x~dw~w• wit W Nw cowt Mriny iwi~diction MNwf fa tA~ ppoin~men~ oi ~ nc~iwr d ~II a~d ~irpul~r IM maty~p~d popMy. ~
w~d e/ dl rM ?~nh. iaoiw~~. po(ib. i~suy and r~vw~w~ tlwrw~. /ran whatwwK sowc~ da~wd: ~nd N+Ntuoa~ it if Mr~bY •~peuM cov~n~nt~d and pr»d i
eM? tM eowf sMli forMwiM ppoim • r~ivN of Nid ~worW~p~d poper~Y. ~11 ~nd siequlu. ~nd of sueh neb. ie~eonw~. pofiq, i~sw~ end rwa~w tMrwf. haw i
wMt~ww sar?n dMiwd. wiM ~M u~wl Poww~ r?d du~ip of nc~ivKS in lit~ u~: M+d such Wao~ntwwn~ aMll M nyd~ bY ~ucA cowt «•~n+»M of ~hict riqAl
a ~M MonWO~~. iM ~ucc+aw~. leq~l rpr~nbtivw w us~qro. ~nd wi~houl nf~r~nc~ M Nw ~d~a~+~Y or in~dpu~cy o1 Nw v~lw of tM w~*Y ~~bt~ nartW9~d
w b tM ~olw~cy w 4udv~ntY o1 th~ Matq~pa. wid tMt s~cA r~nt. Wolif~. inco~. iuun and rewnwa aMll b~ ~ppli~d b1~ wd~ hc~iv« M ~M WY~t ol Nh
mwr~p~ ind~badn~sti cwa ~nd dwpM. accordinY a t1w adw of sucA cast.
10. If ~ ca+~y~ d~ouW ~ wud~ b1r tM Mo?q~yor of ~M pan~~s Mr~in deurib~d. a r~tr wn Ma~ol. wiMa~ tM w~itan cauM~ ol Nr Mortp~p». ~nd
witlaul u~uew~~on in r~qula~ faa of 4w !~r ~M qr~ntN o( Nr oWiYHion b th~ Maty~yN cnsqd M s~id pawis~onr noN Md N~i~ rnonp~p~. N~n. ~nd in ~Aat
~v«+t, and ~f ~M oWion of M» Mw~p~q~~. ~nd witl+ou~ nwK~. ~II ~wes of moe~Y ~~evnd Mr~M sMll inwMdi~hb wid eonewrwuly wiM wd? eonwyw~e~ baonw
du~ ~nd WY~bb and 1n d~/wll.
11. 1Mf in tM ~vent ~M pani~~s I~~by enwtq~yd, a~nY p~n tMrwl. ~Adl b~ condemn~d ~nd uk~n fa puW~e uN w~dn Mr PowN oi «win~nt dwn~in,
f!r Morlp~qM sha0 Aav~ IM ~iqAf a d~wrnd tM1 •11 d~wrq~s ~w~rded fa IM r.kinq o( a d~~ a atid p~m+ys sM11 b~ w~d b 1M Mafy~pN w ro Nr ~naunt
M~n wip~id on ~his ~artWY~ ~nd ~t ~M aWion of Mr Morty~YM inw b~ ~oP~~ d uDw~ ~M wYnNnh lal pap~M ~Mrwn.
1Y. TM w~w~o.por E:nd. hum•It na w«~ o. o«w~r ro bs er.cr.d .nr n.w bu~ldcny. m ~M w«wisw Mnin ~norty~qd.p b~dd b o~ Wnnif b b~ ~dd~d
w~ny o/ fM •aistinp imprownwnb ~~on a m+k~ w~r ch~np« a~Ner~tions in s~id irnpov~~M wAich ~Nriatl~r clyny~ tM s~nN w ~M ~+s~ tMrwf. w~Ma~r~
tM writNn cons~nl of ~M Mortpape~. and 1n fM ~wM of ~nY vio4tion a~n~ma~ b~~t~ fAis ~tipulNion Mi~ nwrl9aq~ ~nd all swes s~cw~d M~~by shdl in~
,mdi~t~ly b~epn~ du~ and eolbcelbN af ~M oprion oi ~M Morty~pM.
1~. It ii sp~ci(ically ~prwd ehu ti~ b d~M ~u~nc~ of th~s contrx~ and tAa~ no wei.rN of ~ny os7iq~tion I~wnd~r o~ o} tM oWip~t~on s~cwed M.~br ~MII ~t any
tien~ b~ held w E~ • w~iver of ~M Nrnr Mno~ or of tM inttru~n~ ~~cvr~d l~r~by.
~t. H}pKIOtW~ MOCNdin~ Of ~nY s~cw+d mwtq~y~ w s~cond trus~ d~~d or ~Y iw~ior li~n o/ anv kind should b~ im~ihrnd. tM Mw~W4s~ ~*+y. i~s aa~w~.
irn~di~aly or Nwuffer d~cl~r~ tA:s mw~p+p~ ~nd ~M ~ndebudn~u ucwed Mr~by dw u~d wr+a• lwehwith, ~nd m~y ~t ib op~~on P«kd ro taecloa~ this
mafy~p~.
13. To tl» •:Mnt of Nr ind~bNdm~s of tM Mor~y~pa to ~M Mor~WpN d~su~bed I+ere~n or s~cw~d I~~by ~M AAortp~pe~ it h.rebr s~~e~d a~M tien w
li~ns ~nd w tM ripAp of tM ownKS and holden Merwf o} ~~ch ~nd werr rnoreqa~e lien a o~Mr iecwnbrwrc~ on ~M I~nd dacrib~d ha~in which h p~id ~nd/a
utiafi~d in wlwl~ or in put oW of tM poceeds of ~M Iwn dne~iD~d her~in a s~cw~d I+KebY. ~ rnp~ctiw liens o~ uid morty~~s. li~na or o~A~r ~ncwnMancta
ahall E~ and tM. wr.e and wch oi them Aereby if p~aerved and shall paas to •nd b~ A~Id bt~ ~M Mwtq+vN h~r~in as s~nwi~y fa tM indeM~dness to tM Monp+p»
Mrein deu~ibed a her~bp secvred, ro tA~ sam~ ~¦ten~ Ma~ ~r wwld Mv~ been p~serwd and wai~d Aaw b~sn pasNi w~+d be~n Mld br tM Monp~~e Md'~A bcen
d~N ud rpul~rly ~uipr~d, h~nat~rr~d. s~~ ovu and del~wr~d unto eM Mor~yaqee by apx~te dMd of asiqrwn~m notw~du~and~~p tM fxt Mat tM saen~ ~nay be
•~Nd~ee! ~nd c~ncNl~d of r~cad. i~ beinq ~he imeot~on of tM p~n~es Mreto Mat Me ur.r will b~ s~ti~fi~d ~nd cancdl~d of ncwd py eAe hold~n tMrwf N a~bo~t
rM tim~ of fM recwdinq of ~hn mor~pap~.
~6. To par all +nd vn9u4. Nu cos~s. charqes ~nd e¦penses. ~nclud~~q ~awyer's ~ees. re~sonably ~ncorred a pa~d a~ anv nme by ~Ae Mw~qayee. because o1 ~ht
fa~~we of rhe Mwrqaqo. ~o per/pm. co~wl~ w~~h and ab~de b~ exh o+d every ~he s~~oulat~ons, aqrceme~b. cond,uons. ~od covenanrs o( ~~~d p.om.stiwy nore and rh~s
eecd w enher. ~nd e.ery iuch paymen~s sA~ll Deu m~e.ei~ fro.n daTe ~r rht ~a~e p.ov~ded ~n s~~d promnswy no~e.
17. 1Nh~n ~nY ~~+~t ~~Y O~~d OY ~~tW9a p 1M Mwty~qN ued~r tM tNero hw~of shall b~ ie d~i~uh. a should rM Mw~y+pw del~~h in
•ny of tM al+tr terrm, povisiau w cond~riora of Mia Mortp~p~, thM and in tha~ c~~ tl+e Morty~~ shall Mw Nr ripht, wirAouf not~c~ to Me Mortpapa, to
coltect ~nd r~c~iw fran ~ny hn~nt w I~s~M of s~id mortp~ped p?e+n7s~t 1M r~nM, iuws and pofih of tM rwl nt~q AenEy nartqa9ed ~nd ~M i~proveTenq
thsrew~. ~nd ro 9iv~ poper r~ctip~s ~nd x4uinancp tM?~fw, and aH~r paYiny •II comnission~ of ~ny rM~~l pMr colNc~inq tM aa~ne. and any n~sonabl~ ~~~«rryi ~
1NS ~nd o~h~r nae~ssMr ~ip~us i~cwr~d in coll~ctieq ~am~. to ~pply tM p~oceeds of s~cA colkctio~s ~pw~ anY iedeM~dnesa, obtiya~ion w li~bilih. o( tM
AAo.ty~yor I~wndM. 7M riqhf y.~nted tM Morty~qN under Mii parpr~ph sMll b~ in addmon to. MiI 3~ill /fOt IiI11i1 q fM11ltl, any otMr r~qh~ w~iyAh qr~nt~d
th~ Mprfp~y~~ in thif MO~ty~q~.
lt. Ii tht Matyiqon H tAe tim~ o} ~+ukinp tAis Mortq+y~ w s~bs~p~r~nt fh~nto uk~ aA lif~ inaw~nc~ dtsiqn~tinq Hw Mw~p~pe~ Aer~in u btntlicixy with a
~ companY ~ppoved by th~ Mor~payN w~uiqru polkus to tM Mwtg~yN fw th• pwpose oE secwinq N~ n+ortpaq~ Iwn her~by ~ec~~d. tMn ~M Mwp~qe~ ~hall
h~ve tA~ ~iqAt to par aery pan:wn ~ccr~en9 undv uid policies. ae~d ~II su~ns so •xpend~d s1u11 b~ ~dded ro snd Mcorw~ • pr~ of tM pinciql indeb~ed~ea s~nxed
by rhis Morry~q~ and sMll b~ wid bp tM Mortp~qor w ~M MwtyapN ~n rwelw eawl consec~~ive momhly in~ul6n~nts. ~M fint nwnehlp i~nullment to b~ p~~d ~s a
f pa~t oi end in addition a ~M mw~thly p~ym~~t d~w unda thi~ Morty~9e in tM fin~ u~end+r rtwnth followinp 1M eapendinq o} s~id awn. SucA surns w•apn+ded ~
f ro bear ~ntNest ~M ratt st which i~~erest is MY~ wa~ uid pincip~l inde~f~d~ess and ~M I~sn of Mis Moreq~~ sh~N estend ro ~nd secw~ ~!w swm w eapendrd
€ ~oy~~her with interbf ~Mrwn as Aerar~for~ provid~d. ~
19. TIw1 lopetl~e~ with ond in oddi~ion b tM .o~e~r ~r.~.~~ of principol auud interest papabl~ ~sder tlw t~r~s of tM wM~ s~cvred herebp. 1Mort9oyo~ ~
~ f
~ sholt poy M Mwlyop~~ ~acA wonfA yat~ wid noN in f~llp poid, one-1weHM (1 /I2) of o ww equol b fM ownvol pr~~ivw dw 1or lire, esMnded coveroye.
and oN~er Iw:ard insuronc~ co~eria9 tl~e wartyoped prop~ry~, p~~s toae~ aed ossessw~nb ne:t dw ow tM wort4o0~d prop~ttp (all m tstiwwted bq Mort9op~e) i
~ ~ess aH wws olr~adr poid /Menfw, ond b 6~ di~ided bp tIM n~~b~r of w~ont6s b dapi~ prior w~ doN wl~ew wd~ toaes awd ossess~ew~s sAdl becorwe
detinq~nl. Soid s~~s sAall b~ Mld by Mwt9ape~ in bust w aedited b tke priwcipol oF t6e loos, b pop soid i~wro~a, b:~s, ond osseasMwb aed sAaO ~
be opplied ow N~e pop~enf tberwf vMn dw. My euea I»Id in h~u bp MoMpoyee rhen soid loow u poid iw firll sAoN bt poid b Mort{~opw. o~ his
assiyns, or penond ~ep~esew?alives. In tA~ w~nt e~i o deloult w foreclosvre, soid a~ws beld in trust way be oppli~d ow oRr cosls o1 do~soyts sustoined in
conn~ctiow witb fhe toll~ctiow d the noN s~cured her~bp ~bether bp sdif, Ioredosw~, w otAerrise. Mor~yopK ~w~r fro~ le~ b tiiue at its optan wbiw.
ond afMr onr s~ ~roit~r, r~iwstoft a~r w all pro~isions her~ol rpuirinp sucA d~posib, bp nofic~ fo Morfpopw i~ vritip. WAiI~ ony sucA Moi.er is in
eFfect, 1No~opor ~al) pap /aaH, oswu~enb and ins~ronce preeiiuen os Aerein duwMre pro~ided.
IN w~TNES1 w.~EREOF, ~M a~+d Nbrryapa Iw.~una wts Ms MM! ~nd sNl Ma ~h. d.r aod r... fim ~o~ w*~n~n•
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~ i A~ t° or Sj~"-`~ - ~ck~ ~ 22~~
~ S~p.~ed, seded ~nd deLvered ~CV~~ITA~ ~ ' - (SEAI)
,n a~xM~ D aul J. Anderson
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~ ~co~ es ss~.vc+...,.
~ -`~f~f Martha A. Anderson
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