HomeMy WebLinkAbout0323 A. lo V~•form. compfy M.~A •nd iC~d~ bY •~ch ~nd •+~ry u~p..tar~ons. •q~~~~~~h. con~~e.,,r~ u~d cov~r,~ry ~n ~ud ~~cm,uar rcet •nC d~ed fe~ (oi~A.
7. If •ny of ~M w~n~ o! mo..~Y h~.~~n .~(~~i~d to b~ not p~ortpily ~nd lully p~~d wnh.n ~h.rty t7J) d~vf n~.r •{~e: ene s~m~ e~~as~~Y b~co~ d.:• •nd p~y~Ei~.
or •~ch snd •vay t6~ ft~pulat~on~: •9~N^`~nM. cond.~~on~. •nd cov~n~nh oi •~~d vro.r.,uory nuq •nd N+.~ mor~qa~. c~ •~~n~r, ror d~.iy pafc~~:~d. ~o~+p!,ed
..,~h •~d sb~d~d bY. tM •pq«q~~• ~r~* me~~.on~a ~n s~~.d p~om~~?wr noe~ ~MII Gecom~ d.,• and Da~~GI~ lcnhw~M o. ~~e~e~ie~~ a~ ~M op~.on ol N• Ma~q~pN.
as f~~ly ~nd como'~~~!r n~f ».d •yq'~q~r~ s~m of mon~r waf w~Q:n~lly ~t~pul~~~d to M p,~d oo s~.cA day. •nyrh~np ~n »:d proT~»wy nor~ a ~~rc,n ~o tM
conv~ry POMAhfIMd~nq.
8. 7o Ael~.a ro~~~d M~~p~~t~, on or b~{o.• Msrch 15th o! eacA y~~r. t~¦ r~t~~ph •~~~eurq fA~ p~v~+~m ol •11 i~wt..lly ~mpo?ed t~¦~s fw tAi D~ec~d~nq
~~'enda. y~ar, to del~v~~ to ~~~d Ma.~„~~e~. rece~prs e.~de~c.nq tA~ paymeo~ of •11 t~rn~ (or p~•bL~ ~mpro~~me~~+ w.d,~n n~nay tV0) day~ aR~r ~A~ ~~m~ ~hall D~com~
d„~ ~nd P+v~~l~. ~nd ro CaV w d~cA~rq~ w~~h.n n~n~ty t~` d~rs dta d..y d~~~. •ny •~d •U qovernm~nul lev~e~ rM~ may M m~de cn M~ ~ra~q~q~d p~owrry.
on ~h~s monp~p~ o~ oor~. or in ~nv o~Mr way res~!~~ny from ehe Mor~y~q~ ~ndebted~~s~ aKured bY Ma ma~Qagr ~ed ~f UIS cond,t.o~ M no~ cwnpl,ed w~~A ~no prr•
fo.mad. ~~~d mo.~pspe~ enay Mr suT+ wm a w~ma v.h~cA s~a11 Eeccvne eui ol ~h• dss~ ucu.ed by ~h,a mo.~q~qe. •nd ~A~II b~~. ~n~~.n~ ~A~ ~~i~ o/ f~a Pa c~nf.
;p°..! p~r ~nnum. Pay~D'• ~an~.ann.~~fy ~nGt p~+d o+ ia.d M:.'rTqspee ~*saY e!ecf tha~ »,d .~.•g~~e deb~ +6~.~opon b~com~ dw ~nd P~v~el~ forMw~M.
9. N~s i~rf~e• co.en~nt~d •n~ ayresd br sa~d pa~nea fh~~ ~n ~h. •vtnt ol •~w~ M~nq ~n~t,r.,~ed ~o for~cloa~ ~An ~*wtq~p~. ih~ Myrp~pee ~~ail b~ •nud~d ~o
•pDty •t any t~nw p~nd~rp wch faec~ow~• su~~ ~o ~M cou~t h~vlnq ~~n~d~c~~on fhereol for ~M aDw~rom~m of ?~KfivH ol dl •nd ~~np.,t~r tM mortq~q~d proD~ny.
and ol •II ~h~ .tnq. ~ncornt~. O~oi,t~. ~ssues ~nd ~~ren~~e~ M~reol. ho.n v.Mno~~re. ~ource der.~ed. and tr.e~~~pon ~f ~~~eby uwealy co.~n~med aed ~9.~ed
~har ~M co~n ~h~ll fwMwnA ~ppo~n~ ~ IK~~YN o~ f~:d rnw~~a9~ W~~ry, all ~nd f~nquUr. ~nd of ~~cF. r~nb. ~ncomef. P~ofns. hf~~ef rnd revenw ~~~rwl. Irom •
..:.a:s.w.~c s......• .+a+:.i=. I.k. ~•ua~ .nA •.aA ~noontmint sh~it E~ msd~ br sueh eo~rl af • ma~e~. ol ~h~et r~pM
ro M~ Mony~pe~. ~h s~cces~on. ~e9al+rw•~se.+unws w au,qns. ~nd w~tl+o~~ re(erenc• ~o ~h~ •deqwcr «~n~d~ou~cy of rM v~lu• o! 14~ D~oPlrty At~ebV ~•rq~p~d.
a~o M~ solvency w~naolvercv of M~ Nb.tp~por. •nd th~e ~vcA rsn}. prohq. ~rxo+». ~tivsf and rtrenues sAalt p~ ~ppLed Ev aucA r~ce~~~r ~o U~ v~rmem of M~ ,
morrqiy~ ~nd~bwOrHSi. co~4 ~nd c~a.q~s. ~ccordmq ro fM o.d~r of ~„cA co.ut- .
10. I} • Co~qY~M~ ~~+ovid M msd~ by tM M.in9Ww of rM wem:~„ Mr~~n de~c.~bed. or any par~ ~h~r~o1, w~eAw~~ ~M wrln~n :onaenr of ~h~ Nbrrp~qN. •nd .
w~tAOUt 1f7umpt~on ~e .~p..lir IwT of I~w Dy dN pr~ntee of ~M obi~qp~oa ~o tn• Mor~qag~~ creued Dy sa~d p.omusu.r ~nd ih;f morrya~. th~n. ~nd :n fMt ~
w~n~, ~nd N Me op~~on of th• Morep~pe~. and w~Mwf not~c~. ~11 wma of mon~y aec~red Rertbr sh~11 ~mm~diately ~nd conc~.re~,Ny w~th ~~KA con~ey~nc• become ~
dw ae~d p~r~bi• ~rd in d~t~uh. . '
iL IM~ ~n ~M e.ent ih~ Dr~m~fes 6~reDy monqa9ed. or •^Y D+~~ ~~a~ol, iA+? co~ocmnej •~d ~~k~n }or pubUc ~nder tM por+a of em~nent dan~~n.
rA~ Mortp~9e~ fhaU M.e th~ nqAt to d~m~nd th~~ •ti d~Tayef ~wa.ded ~w ~M Hk~np of or damag~~ to s~~d p~mnb sh~~~ b~ D+~d ro ~h~ Mreqagee up ro ~he ~mo..c~
then unD~~d on th~~ morty~ye and at th~ optirn of ~he Mor~Q+qN nuy b~ ~DOI. j upon tM O~Y~++sma I~~t pay~bl~ IM.eon.
12. TM mortp~po. b~nds h~Tecli ca fo er~cr w perrn~r ro b~ er~cr~d •ny new b.,~ld,eqs on a4e p~~misn M~~~n mo.~9~~d or to ~dd ~o a p~~m~r to M added
ro any of ~h• •ant~nq .mp.ovemerrs Mer~on w maY• •ny c~trp~f w•hennons In ~a~d ~~++nro~em~ntt v.h~cA mNen~.~y cbanQe tM samt o~ r~e ~s~ ~hNeoi, v.~lAOU~
ti+• wnum cons~nr of ~he Mweg~qc~. and ~n tM eYenr of •ny vlo~~t~on w~nemp~ ~o v.ol~~• th~a •~'p.+tar~on th~s matqap~ and s~! s~m~ sec~«d ~~r~by ~~all ~~n-
rned~Hety b~com~ dw ~nd coilecnbl~ at tA~ option o( ~M M~tqape~.
13. It ~z sa~c:(~ully ~~'eed thar !~me ~s o{ ~~e euenc~ of ~h;f conerac~ end tAat no w~.vrr ol anr ob'~gse~on herwnder w oi the obi;psnon ~~c.red herebv s~sil ~r ~ny
~.m~ 6a f+eiO ro w a wa.~:cr of ~h~ fe.ms hereoi or ol tM .n~tr~~..cn~ ~rc~red hereor
1!. I( fo~ec'owre p~oceed~n9s o~ ~nr s~cond mortp+g~ w second f~~~t d~ad o~ ary ~,n~o~ i~en cf anr k~nd s~arld b~ insf~f~r~d, ttia Morr~agee msr •t ~rs op~~co,
,,.med.ar~ly w th~reafter dedue t~~s mo+~qaye and fh~ ,nd~budno» stc~~ed Fa~Dy oue •nd p~w~l~ fe.MwdA, and m~y ~t ~ia op+~on p•oceed to fonc'c+e th.i
~r.or~psqe.
15. io th~ e.Nnt o~ ~h~ ~nde~redo~~a of +he Mortgaflo. to th~ Morf~qre desv~bcd ?~.ae~~n or set..~ed he~eby Mortpape~ ~s he~ebv s•..bro~~ted tc r?e I~en o.
!:ens •~d ~o th• ny~~h of d+~ cwne.s ~~d hal~ra ~~ereot of esch ~nd evmy r~wrrgage ben or o~he. ~ncumb~nc~ oo th~ I~nd d~scnbed Aere~n wh~cb i~ p~~d and.'or
sa~~sfi~d ~n wl+ol~ w~n pa~~ out of th~ procreds of rhe Iw~ desr~bed here~n o. fec.~ed bereb~, a~d ~he resDecr~ve t~em o~ s~~d mortqegtt, I~ers cr e~ne. .~c, T~Dror.cea
th~l1 b~ ~nd th~. u~r• and exh o/ them hcreby is presen~ed rnd a~a~1 pa~s io •nd W hetd by rhe Morfgaqe~ Mr~~n as tecunry fw tM ~ndebqdrx~s ~o th~ Mor~gaqee
here~n descr~bed o. hereCy aec~~red. ro ~~e same e.r~nr ~h~t wo~td MYe been prese~.M a~d +.o.,'d hsre bee~ D+ssei to and been held tr the Ma~gaqee f+nd ~t 6eeo
dv~y ~nd ~epular!y i~f~q^ed, tr~ns~~•~ed, ser over and delwe~ed ~~to ~he Mortqsgee by sepa~a~e deed of afs~qomtnt norwnAs~and~ny ~he fact ~bsr rh• same rney be
s+r s~.ed and ca~:er,ed of reco~A. ~t be.nq Me ~c+enr.on of rh~ parnes ~e~NO ~h~t rhe s~ms N.11 be sihshed •~d c~rxelled ol ~eco~d by ~he ~al~e+s thaeef at or a5a,~
~ r~~• r.rne of the .ccord~nq of f~~s monqage. .
16. . e . _ ~ ••e _ ~~e5 a~o e.ct^ses e...e•. re~ .n.. ~<.••e:f a• ea~ er .~~e r. ~•e Nor;,.rr rec~.+e ;
, .r , ti._;.•y~.;:, .~,cr~_..~ . w.•~~s~.u at..at or eec~ e:.o e.r~~ r~e s' =..a eg.~r...~...~ r:~a ~.o^s e~y co.e~e~~y ~i ~e o : . ~s_~~. t
! . . . . .~n . ~a.•.,.~.. .n•!, hear ~~.r~ret! {.cm da•~ a! t~e rste crC~ JeA ~r. >j~.d [ s~pry nort
V. When srr~ ~muvnr of mon~y to b~ D~~d by *M Abrtpapor *o tM Mw~gagee ~nder Me tcrms h~rcoi ih+ll b~ in defa~lt, or should ~he Mwty~9or defsuB Ir
>-y cf the omr ~•+rrs, pror~s~cna or cortd.t~ons of ~h~~ Mpeg~yt, then ~nd ~n fha~ cr:a ~~e Mo~t9agee shs{I Aav~ ~h~ nght, w~rhaut not~ce ro rhe Morrgs~or, to
i .c~~ect and ~ece~.e ~rorr any ~en~nt or 41~e~ of s~~d mo.t9~qcd D«m~ses th~ rmr~, ~i+ves and profm of ~h~ nd eet~r~ hereby mo~~y+yed •nd Ma .moro.rmertrs
~ !^.ere:r, and w gve orn,:er rece~Dn and aca~~truxes i~ttt!}O/, aRA afrcr paY~~9 s~~ com~:~es~c~s oi ~ny rem~l ~qent coVleuing ~h• same, erd sny reasorsb~e a~fo~ne?s
~ +ccs and o~her nece~ssry e.pens~f ~ncwred ~n co1l~:nnq ssme. *o apply the proceeds o~ e~ch coltect~oro ~pon any •ndeDrsdness, o~Lqst~on or i~~b~~~h. of fhe
~ Mortqa9or he.~~.~aer. T~~ nqM qranred ~he Mortgaqee under th~s pu~y.spA shsll be ~n add~+.or to. end sA~ll not I,mit or restnct, any oeher r~qht o~ nqhts q.an~ed
' r~e Mo.+9a9e~ th~s Mo~:gsq~.
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~ 1$. Sf the •do~rqa: •.r~ a+ rne ~~m~ of mtk~ng U~s Morrq~qe e. wbsequ~nt thereto ra4a o~t 1~fe ~fw~r.ce des~qninng th~ Mu.tgage~ Fere~n ~i beref~ci~.y w,rh a
~ ~-^DenY +oDrovcd !+y tht Mo~tgeqe~ or as~.gns poi~c+es ~o th• Moryaqee }o; the pu~pose o` sec~~~ng eh~ morrflaqe lo~n ne*ebY stc~rod, thcn t1+~ Mortpapee aha'~
~ ~e+e tne •~q~t to ;~ar aoy D.em;,:m accru~ng ~rder sa~d co~_ues. •nd al! s~~++s so e,pended ah~~l be added ro ~nd becom~ ~ p~rt of ~A~ pr~oc:psl ~ndebtedx~s sec~red
;;y th~i .Mo:rqapa ~r.d shall be Di~d by Me N4r~qsqo. ro tM Mo.~gagce ~n t«e,~e ea~al con~ec::~~~e r~onM~~ ,~stal;ments. ~M 1~rst monrAly ~ns4lir.tenr ro De Oa~d aa a
part of end in ada.non to the mcr~hly p~ymen+ Cvs ~nder thl~ Mortqage ~n t~e f~rs~ cs!e~da• m~~h foi:owmq tM eapend~nq o~ sa~d S~T. SVCA s~~ms ao e.pcn~ed
~o F.e~• :nte~est at the ~afe at ~nh•cA ~nee~es~ ~s NY+ble ~poo ss~d Drmc:psl indtbfedr.ns and eh~ Len of tl+~s Mwtq~ge ahall e.tend to and secure the aums fe c.pmdti
~ _,e+her w.rA mrenet ~hereon u he~anbefor• prov~ded.
' 19. Thot togelher witA ond in addition to fhe mon161y poYmc^t of principal ond interest poyoble ~nde~ Ihe ter~ns oI Ihe note secvrtd F~ereby, Morrgogor
~ ihall poy fo Mo~fgogee eoch wwnt6 ~nfil wid nole is Fully poid, one-hvelfth (1 12) of o s~in equol lo t6e unnuo) premium due for fire. e¦~ended coreroge.
i and olher hozard insuronce corering ll.e ~no~tgoged prope~fy. plus toaes ond osxssmenti neil d~e on the nw~tgo9ed propertr lu~~ os est~moted by Mortgogee)
less ofl sums olreody paid therefor, ond to be di+~ded by the number of mo~ths to elopse prior fo Ihe date when such foaei and o~sesfinenl~ shall become
` dei~nq~ent. Soid sums shall be held by Mortgogee in frust or credited to the principal o( the loon, to poy wid ins~ronte, loaes, ond o?se?timenfs and shol~
ti 6e a ~ied oo the inent thereol whcn due. An eacess held in tr~st b Mort ee wl+en said loon is oid in full sAoll be id lo ARort or, o~ h~s
= PP Pa1 r r gog P P° 9°9
oss~gns, or personal representofives. In fhe event n! o delault or foreclow~e, so~d wms held in trufl mor be opplied on onr cosfs ol domoges sustomed in
~ ccnntction with Ihe colletlion oi Ihe note secu.ed hereby whethtr br suit, foredosure, or otherwise. 1No~tgogee inor (~ow~ tia~e to lime at iA option wa~re.
~ and after onr such woirer, reinstate onr or all pro•isions hereol requir~ng sucl~ deposits, b~ notice to Mort9ogor in rritiwg. While anr such wa~rer is in
~3 efiect, Mortgagor sl~oll por toies, ossessmeMS ond :nwrooce p~e~niums os here~n eliewhere prnv~ded.
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tN WITNESS W-~E~EOF, tb~ s~id Mo:t9sqor herr,.nto s~ts hl• h~nd •nd s~al this ~M d~y •nd y~ir fhst ~bow wnn~n.
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'`j.j C ared, ~ealed •rtd de'~+e'ed ~tOBERT A. ME IN j
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- ARDA F. MEIN
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