HomeMy WebLinkAbout2988 3. To F~ .~c ~d ~o~.t~~;~o~,s~y k~~ep on ii~e .i.~ gs ~,...v o~ her<•ei~er ~~~ue~e on s„d !and and : n,G rq.,~r~+,ent a^.d personaliy covtred by tl~if mor
+.1~. w!h ali prr ~.S t!:crcon ~a c1 ~n 1u:!, t:re :~~s,,:a ~cr ~n th? ususl itan;lerd po„iy 1o!m, in d 5cm ey,~:rO.ce1 b/ fhe ~1:.Jk.v•~v:E. a~~d .v~'~UStO
s,~r.,nce ~n the i.s~~t s•.,, ~is•d { cy form, ~n a s~m ~t{~ro.eJ by ~hr At~R1G~vEE, in s~.h co~~ pa:~~ cr co ~~~.ra ai the t,'.02TGaGEE m
-~:t; a~d ail f~re a^d w~•~s!orm inav~a~~cr po'~f_•s on any of sa~d bu~~d•ngs, any inter~sl +he~cm or E:a~t sheirof, ~n ~he aygr~~atr w~n atorrsa~d
In e~c~:s ~hr•rof, ;rur,;~n ~he uwai st~=d,~d r~~o~~y.+gar causr or s~2h o+her d~~se as ~~~e hlu~tyayee may rey.,.re, maling ~i~e .cis undrr sa~d po (
.~•s r~ch and reery. pa. :t,'e ~o sa~d ,11~~RTi;.4GEE as ~ts ~meras~ ~r.ay apHeer, a•,d ea~h ar.d e~cry a~~:h pu ,c/ ~heli br pron,Ntiy ass g~~ed ard de~,.ered (
~n, h~~~ci by se.d .':.JRI:,AC,cE es ~~~~h,~ s_•wc~ty to se:J ~~.o~+g3~e deet, a~~d, not less than Ien (i"J't d.~~s in ad:,r,ce of the eap~rnt~On of eec1~ po~~.y, to d~
.er to i.,~d .`.1~~riiGAGtE a rcr.rr.s~ tl~er•of, ~oye~hrr vcith a rcie,pt for Ihe pre:s~~~m Of such r~n~•a.~; a~~d ~hr~B ihail !~a no f~re o+ w•~~~storm ~r.yuran~
.,ced on .~~~y .I 331~ d• ,gs, ~~~y ~~~r~ieit there~n or pe~t th~viof, un'~ss ~n the for:n a•~d v.~~h t~•e ~c~s payai;'e as afcresa~d; a~~d ~n N~e event any w~
. mo ~ny brco '.~•s pay.~L:c vnJ~'r s~ch pol~cy o~ puLues sa,d A1JkTGAGEE sF.~ll ha~e ~hr eNr.on ~o rac_-~va .~~'.d apF''y ti~a same on a:cuv:~r ot the i~~dected
••ss si:~r_•d hr•cny o~ to p.•r~,•:t s~.d ~AORTGAGORS to re:rwe and ~sC it Ot ar~y ~,,.rt tk~~ r~f t:• .~!es, ~n~.:t tl~~~~or ..n~~~~~ :r ~~a..~~
- ~,ny ~~q~.r,,, ~ rn or ~I~hr ~~~dar of ~y v~rt..r of th~s ~ncr~~age; and m the event sa d MORTGAGORS~sha':I `.o~, ~ny reasan fa~! to krep ~~+e sa~d prem~srs so
.~~s,~r~~d. .^.r 4,;~ tu d~•.~.e~ pro~~~y,tiy any of said No~.c:~•s of insu~ance ta sa~~d h10RTGAGtE. o~ i.,~~. pro~:~~,+;y to pay fu,:y any p~c~,~:..~n therefor or in a~y _ .
~~:F.c~ ia~: ~o ;,er.o~rn, d s:~.:.,~e. e,~~cv~r, effect. co~np;..-~e, cc~.piy w~!h and ob~da hy th:s cove~,~ o~ any p.+rr h~~rrof. s~.d MGR7GaG:E may p~ece a~o i
: tor s~.h ;nsur.,nce u eny part ih<<cof v.nhouf wu~vi;:9 or afletting any opt~on, i~en, equ,ty, or n~h~ u~~der o~ b~ v~rtue of ~h~s Me~tqj~e, and the e
.;~•~.;w~~ of ~~,ch a~.d e.r:~ s~:h pe~:::~•nt sha,t br unnx•d~atriy d~e and F:ayauie and shail b~a• ~mer~st 4um ih~ d~rr th~reof u~~~J p..~d at the raro of =
i.~.. . ~ 1e• •.;~:.~i.:r ,,~•h a.,u, ~:~:e:~sr sha„ .r s~~c~red 6y the t,en oF th:s mortgaye.
d_ io F;ermrt, co~•,n;~t or s~iicr no ~naate, i:*:pa,rmcnt or detencrat~on of sa~d property o~ any part theraof.
5. To o..+y a'~ a•~d s,^g~:a~ rnr cusrs, che~gea a~~d cx{:ensss, ~ncivd~~~g a rrasonab!e anomey"s fe? a~d cos~s of abstracts af tiNe, incunrd or pa~d ar
~ r b~• s:d 'l',C2~~AG`.E, beca~se o~ ~n tne e.e~~t ot ~ne fa~twe on ri~e par~ e4 ~he s~~d h~ORTGaGOR to duly, pronprly and fu~ly prrionn, d+scnarge
.,~~itrc~, co:,~,;.,+e, ccr:ply w•~h c~:d at~ ~Jr by ea:h and every ~he sf~p:,:ar,ons, ayre~•,~e~~ts, co~J~i;o~~a, and cevc^ants of sa~d p+o:n~>sory nore end ih:~
,.•e~jye any o~ e~~her, and s.;.d costs, cherges anJ expenses, each ond rvery, ahali be nnmrd~are!y d~e and payab:e; whethzr or no1 thare be ~o~~ce d~
~ a~r_- ~ p! ro co..rcr ur ;_~;r pe~.d.ng; end ehe tuil a:*~ount of each a~,d e~e~v svch pay,,:enr shall oea~ inr~~~es+ from ~he da+e thereof unfil paid at ~he
..:i s~~el ;c,sn u~arges a~•:d ~ a,;ers.s I~xurrrd ur pa~d, ~oya~her ~v~+h s~ch uverrst, shail be sec~red by the I~en of th~s
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6. ':ha± ,e1 ~n the c.rn+ or any brca;h of th~a A1o~tgsge or defa~;t on ~i~~ part of tt,e ,1',06TGAG::R, or ,b; in the event any of sa d sums of money i
~ r~•'~,r~•.i +o c:. ~ r. ,,.,d fu ;y F;~:d ..~fn~,:. tr::~y 3J: d..rs ce.~ a•r.:. ~~e s.+ ~~e sc..,.a .r i:ew ~c d.:e and payo~'e, wnh~ut de~.~and o~ nonce, !
c: ~n :h:~ e.enr c:.ch acd e.r.y t'~e sn;,u.ar~ons, a~rcemen~s, ce~~ti.•~oes and covenanTS o! sa d(~~o'r~.SSO~y nota a~~d th s mortgaqe any or e~ther are no1
,:'~•;.r~~ a~..! 'r,..r rrrtor,•,ed, d~:~~arg_d. ecrwrrd •etEe;tey. co~r.pie+ed. cornp.~ed v.~th and a:: a_d 5Y. then ~n e,thrr er any such evzN the aa~d ag
y,. rc'. •n as,d Fro.~:.iiary n;,tc tntn re,'.a~n:~~~ ~r,f•a~d wrth ~~~ttrr:! a~- .;cd. ond a,'~ n,o~.ers secured hereby, sfia:l become due and pa/-
. tc.•i;,,.r.h c~ ii ~-,-_~•n_r, at ~he eE'~on ot s.~:d :SORrGaG~E, as tu:iy a~ri co~np:r'c!y ~s ~i a i of ~t~e ss d surns oi money were o~~g~na~ly st:pu~ated
• ~n z~ch ~~y. ~,t•,~~~3 u~ s., d p•c sso~y nore cr 1n Th~S '.\ortga~e to the w~~~ra~, nof.,.~.hssa ~d ng; a~~d ~hereupon o+ ~hercafte~ at the opt~on of
.i~ '!Oviv r. r,._ ce or drrnand. s~~t at iaw or in equ~ty, th~refore or therrattrr bry~.:~~, may bc p~osecuted as ~f all moneys Setvred hereby
~ .i : .r.~'•.ai tn .r5 ~::SI~;u'.J!1.
f^_ a` !he Fe,r~~~ ~~9 04 or at any t~me nc~nd:rg any su;r :;con r~ls !.'o~f_~age, er ro iorcucse it, or to reform it, or to enforce
o~ d_•~. sed LI,)r'v~v~~ ~ha'i op,~.y tu the Cc:,~r h3.~~~g , scir.~n f•,.:rro! for the z~~,;~~~~tn;em of a Rece~ver, s~:h Co~rt she~l
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; :..,r ~•...r .er oi s~,u n or.g,acd F:rop_:ty a.; and s~ng~ ar, r,: ~:i e„ a a s~ ar ~•e ~rc~•~ e. ~ruf,•s. usues ard reler.,,es from v~hatever
: i , a. d e._~y o~ :.'a c~~, ~T br•: g e.F.ress'v ~ndc~s~e.>d ~s ~en o; ~T,er~~a3cd as ~t s;~ec fica!;y srt ierth and descr~hed in the grammg and
E . ~_s: s'~ s,,:F, Rtcr~._' Si~.= ~ ~a.e a~~ :he br;,ad a•~d r'ic[•.~e fu~.:• ~ s a~•d Fe:.e~s ~n any,ti~se rr.trusied by a Cu~•~ to a Recei~e~, a• d
, ~ s` •..ie 'vy s:.•_h Ce.;•t as an ad •~itt~•d eq::•!y a~~d a r•a~~er cf at:s~ ~~e ~ght to sa,d A5J2?GAGEE, and w~~hout refe~ence to tne
o. :.,d:-.;._.,',• i:c .a'~r ot the p~o~~~t~r mo-tgaged or ro t~~r eo.+~~>~,cr or ~~,eo..~•ocy of sad 4tORTGAGOR or the derr~,dn~:ts. a~d ~h3t su:h
~ E o<.~s co ss~.,_s a~ a re:rr.,;es sha~! ce app;:ed ey such Rec~+ver oc~o~u~,~3 ~o :he ,~en or ey=,ty of se.d h1JRiGAGEE a~.d the practEce of s~ch
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~ 9 To ,,.,•:y a•~d f;; 'y f•e•.`o-~n. d s-ha~ge. exec~re. effe:t, co~np~~~te, cc~.F~/ w:~h and abide by each ar.d every the s!Ipu~ations, agreements,
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c:`s _r.~, c~~~r.a,~rs .~,j p:...~.:sso•y nc:? a,~.o th.s ^i.:r:ya3e set `o:lh
4'• ,r nc~ e.-~ ~•-e c... e~s^: of ihe n,ort~ag•=d pre~:~ses o~ a~~y part tner~cf, becomes vesred in a pe~son oth!r than the MORiGAvQR, the
t ~ •s s.. > • d. :-s, n~3~, cf,~ut ~ a'~ce ro t•~e :•.ORiuaO~, d~~a +.:ih suth succcssor or successor ~n ,nterrst w~th refererce to th~a
j~ .j ~ ; . _ , _ . ed in ~r:e sa-*,e .~.;ar.+`er as ~ fh .t~,r!~,,gor ,nrt.h~~t in an~ .vay vit.ating or d~sCharying the f11o!'gagOrs' liab~~~ty herr
or e a,:.~ ._.c.:.-~ No s~ e oT •:,e Fre~, .ses 4,-,r~~o; +~,~r~g;ged a,-d no to~brara~,ce e~ fne part ei ti.e I.1pRTGAGEE or i;s s~ccessors
;5 , „ ~ • _ , _ , , . ~ r~• ~he ; a~-,•e~~f of t~:e drb* h•,•^~,ti s~~c~.ed g~ven by +he ~iR'G~.GEE o~ ~ts successors or ass gns, a1~aN ope~are
y d s:~,~-~r, ..:.,..':!r c!.e yr er e`tecT t.^.e o<<~,na! ~ ru.,n~ of m~e ~1::fiiGAvOR t~era:n, e~'her in w-ho~e o~ in part.
L• s; ec `~c ^~eed th?t re is of the essence cf ih~s contract ar.d that ro wa~ver of any ob'.`gat~on hereunder o~ of the ob'igation se-
'~o F•,_ _::1 sr ~._t a- , t:^ e~^='ra^rr t,z he d to hc a v:a~.er ef tne. terrr.s hereCf or of !he I•~Strv~~CM srwrrd ht~by.
~ _ r,;-._~. , . . ;:~.c;> ard ~,r,,~s• re~:..:~d b; t!~e pro~,sscry no•e s;:u-ed h~•~~t;. mortg3~x eovenants
s . . ~ . _ , _ •t. , ~ . ,..~a! s,^~ ~s~ a~_d h; . :o-:ga~ee tc be e.~:a~ ro 1 1~ of +n; a:i .;a; cosr of the fo~iuw- i
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, , r.3.~s er ess-ss_~ y. s~ t~_ a:,3:e d:sc• ~•.d ~i es•are ''y~
? _ : . . . , ~ s. _ .j> , q •~_d ro ce.. . ? ~ rn .ov: ~,e~~s >.•~a•e on t:~., a~,o~e d_sc •c<d ;;rem;ses. ¢
'-:s P ~ , ~ . ~ . _ . ~ ~~_e , s-~-a• , _ s ~ .:.~,;•~e s•,a : _ •a . ~ C~,.° }.t fo ca~~y on the ~J3n secc cd here~~. ~
~i . • - . . . , ~ _ . „y o~ the a .,,~it a•~d u+yai:'e he•tur.ir~ a ~d s_,.h s.: sh.~:: m~•e~pon be due and
. . . . . . - fi • . . ~ . . . e -~df c.. • s,:v`_s~. ~ _ ~h r~s~•, .~.crtgs~re sh.~~~ nor.fy ,no••~,.or e4 a chan~e in S~ch
s; _ , . ~ , . . _ . : ~ . ...:?y. _ .,,.:.zv ~ ~ e~~r o' `r~~. ::F ~ 'e,c~s. r.~s•.,ra ue ~:r~:r ,,,..s. •d m;:rt~3~e ~~3ranty msurance }
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c. s~ ~~e ~ d a:: ~r~ ~ hzr s~:~ h;,s:.+^d ac~~w~w~ed3ed te a~,d be;ore me that she exec~ted sa~d.+ltnu~nFnr frea:y and ~otum
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