HomeMy WebLinkAbout2396 0. T~ O~a~. co~Ob w,~A s~A ~bM b1l ~~nd w~eY ~t~u4t~oia. K~«^w~+b. cw~:nons ~nd ceva~~ms in a~~d worn~uwr no~ind dM0 u~ /aM.
7. If ~ny o1 rM wwr ef wwMY I+K~in rdwnd w b~ nN O~~O~N +~d M~d w~t~+iw tA~rtY (~01 d~r m,~ ~1~w tM u+w~ ~~wr~~b baony d.~ w~d Wr~l~.
er if weR ~nd ~wry Ny uipub~~aw. +9~~+~^a. cand~t~aw. ~nd covM~nM o1 uid D~o~?~ory noN a~d ~t Torfp~p~. a~~Nw. na d~rN vwfan+~A, curol~~d
wiM ~nd ~bid~d EY. ~M ~qp~~WN wn~ ~nuon~d in NiA pOIN~MWY noN ~MII Mconw dw and WY~Db fad+w~~A w MM~ahw tw cvuon ol ~M Ma~p~pM.
q fvlly p~d conwM~~y ~s i/ uid ~yO+p~N avm o! nwn~ll wu aiqin~lly ~tipul~t~d q E~ p+id on f~+cA d~r. anyM~eq in s~id pawi~~ory not~ a Iw~in b tM
conn~ry norwiNu?~ndinp. ' ' , .
. ti
t. To d~liv~r b uid Mw~WyM. a+ er Mfw~ 1WrtA 1SM ot ~sc~ ria. pa r~ipb w:d~nuny N» WY~^~ d~11 lawl~Ily i~npoud u,K fa tM W~c~diny
ubnd~ yMr. b d~livw M Nid Mo.~~pN. r~c~~pts w~d~c~nq ~M WY~nt oi ~11 li~ns fa P~+blic ~mprov~+ta wiM:n nln~h (V0) d~ri ai!p tM u~ ~MII bKOnH
dw ~nd WY~b. ~nd b WY w diuMr~ wiMin nin~M (9D) d~tn ~itw dw d~N. a~y and dl qov~rom~t~l Itv~„ t1y~ n+ay b~ nwd~ on M~ mor~W9~d WoW~M.
on ~ha maq~9~ a~aN. a in ahr otAM w~~ rtiultuq fraw N» Morfp~q~ indebNdrwsi ~~cw~d ~r Mi~ ~o.~Wqr ~nd if Mis condi~~on b~ nW ca~Dl~~d wi~A u+d per-
for~d. ~+1d nwr~W~ ~Y MY a~ a~~ ~icA ~{f E~con+~ p+n of d+~ d~M ~cw~d by th~f ~+w~~p~q~. +nd sMll E~w iA1NN1 ~1 eM r~t~ 01 ~fa pa c~nt.
(6Xl vM wN~n. WY~ti s~•+~~Ily ~nUl p~id a s~id Mortp~pN ~naY ~l~f M~t s~:d Twtp~q~ d~b thNwpon b~co~ dw ~nd WY~~ (wMwiM.
9. 1~ is fwrMr co+eMeqd w+d +w~d M uid putin ~M~ in ~M w«+~ o( ••vit E~:nq ins~lnn~d a faalos~ Mi• ~nwfp~p~. NM Nbnp~pN aMll b~ ~neiH~d a
applp ~t any unw pM~IlO ~Y[~ ~OfK~WM~ ~w~ W tM cowt Mvinq iwi~dictian Mweol fa tM ~ppo:nt~nt of • nc~ivM o1 ~II and {inQylM tM ~no.~p+9ed w~~?.
~nd of all tM renb, ie~con»ti po1iM. i~iws wd r~vMws fM~wl. Iraw wM~w~w+ ~owc~ daiwd: a~d ~Mr~~~pon i~ is Mr~EY •¦p~ssly cown~n~eA and pr«d
eMt rM caM sAall forMw~M ppoint ~ nc~:vM of a~id nwr?p~p~d povNfll. ~II ~nd a~rlar. ~nd of sucA nne~, i~~, pof~ts. issuN end nwnw ~he~w1, fraw
wM~so~w aourn dNiveA. wid? t!w vawl powMS ~nd dutip oi r~niven in Gk~ w?a: ~nd ~~ch ~poo-ewn~e~ ~MII b~ rnad~ bll ~~ch cow~ as • man~. of ~tr:d nyh~
a ~M AI1w~w0~. ir~ ~ucc~ssas. I~y~l na~s~nu~~vM w ass~pns. ~+d wi~AaA nhr~ b tM ad~piacy o~ in~dpu~cy of ~M wlw o! tM w~~Y ~~bt~ ~na~p+~d,
a ro N+~ solw~cY a wuolvMCY o/ tA~ Mortp~qw. +nd N~+~ such r~nt. wofib. inconr. issws r+d rw~nws ~hd) ~~ppli~d by sucA r~c~ivrr » H» p~y~nem of N+~
inortp~y~ ind~bNdnai. tosb ~nd tMrp~s. ~ctpdN+O b t!w wda of iuch cow1.
10. If ~ conv~Y~nn ahould A~ nrd~ h~ tM Ma~9+~ af N» pem~s« Fw«n descrcb~d. o~ w+Y P~ tMrw1. w~~hou~ ~M writt~n conNnt ol N» Matq~pw. and
~ri~hou~ n~wnpt:on in rpul~r forw d 4w Ay H» pr~ntN of tM obl~p~~lon 1o M~ 1Noreq~qN enu~d by uid p?aniawry noN Md Mis mwtya~. Nwn. ~nd in tAat
~wnf. ~nd a~ th~ oWion o1 MN /Nwty~q~~. ~nd wiMqu~ nW~c~. ~II ~wro o} mawY a~cw~d Mrsby a~all i~di~fely ~nd concvrr~n~lp w~M sucA conwy~nu E~co~n~
du~ ~nd WY~bb ~nd in d~fault.
11. iha~ in ~M wen~ ~M w~m~ses Mr~bv mat9+9d, w~nY W?~ ~M.wl. al+~ll M conde~+ed u~d ule~n fw P~ic uw unda ~M vow~? ol en+imnt do~~n,
t1r Mnrtp~qe~ sAall Aav~ fM riqhf a daMnd tMt ~11 dan.~p~~ aw~rd~d fa tM bkinp ot w da~naq~s ro s+~d p~~s„ sh~ll E~ p~~d w tM Nb.~p~p» ~p to tM ~+nain~ ~
M.n ww.cd on ~h~s war~y.p. and a~h. oaion of Nw lYbr~9.y» m.y b. +vPl: d uv«~ tM wrT•~+a i..~ o.yaw~ x»..on.
I2. 1M morty~pa b~nd~ hi~elf nW b u~ct a pMiwit ro b~ KM~d ~ny n~w Duilddnqs on tM w~+p ~in ~nw?y~p~d w ro~dd ro w pe+T~t a b~ ~dd~d
ro~nr of tM ~ai~t:np inprov~tnw+ri tMr~on w mak~ ~ny cl~anqp a~IMr~tiona in uid i~nprorsnwnt~ which n+~Nri~liy cAw~p~ Ih~ u~ o~ tM vs~ tAKwf, w~M~out
rM wrift~n eons~nt of tM MortqapM. and in tM ttinr o/ ~ny vidatan a~neinpt ro violati dws ~t~pu4tion Mi~ mortp~p~ ~nd ~II swns s~ew~c Mr~by ~11 ien-
m~d~Ny b~con» dw r+d coll~cnbb tl M» aWion of ~M Mo»p~pM. •
1]. U is w~cif~cally ~prNd +Aa~ ti~w is of tM ~ss~nc~ of d+~~ con~rac~ ~nd N+at no w~iwr o/ anY ub•ipation Mr~undrr or of tA~ obliqat~oa s~twed Mr~br sh+ll ~t any
iinr A~ held ro b~ ~ w~ivai of H» Nnns l+Nwf w of H» ieunwnen? secw~d 1»r~Dy.
14. It fw~closw~ poc~nq~ o! ~nY s~cond ma~p+y~ a s~cond trvst dNd or ~ny jvn:or li~n o1 any lind should b~ imeiwted, tlw Matp~~e m~Y. a~ ~~s opr~on,
imm~di~t~ly a Mw~afier d~cla~ Mis ~nwep+p~ ~nd Nr indebbdnns ~~cw~d Mr~Ey dw ~nd wvaW~ fwtAwiM, and n+~y ~t ih opr~on procKd to ~WKlpl~ this
n,atp~p~.
13. To tM ntM+t of tA~ ind~bt~d~s~ of ~M Monq~yw w tM JMw~p+pe~ d~+u~bed h~r~cn a ucu~~d Mr~by ~ Mw~p~qay is Mrcbr aobroq~ted ~o rM I~en w
It~m Md to N+~ riqhh of tlw own~n and holden thawf of ~xA ~nd w~rY mor~q+q~ Gm a oth~r inc~mbwac~ on tM land dncnMd Mr~in which i• w~d ~nd/a
aafisfi~d in wlwb w in parl ow of tM proce~ds oI tM Iwn descr~bed herein or s~c~red AKebY. ~nd ?M reap~ctire I:~ns of said ~nor~paqe~. liem a oM~er ~nc~~nbr~ncca
aMll b~ and tlw. urr~ and Nch o( ~Mm 1~eby ii w~served anA sMll pa~s w•nd b~ Aetd by Mr Morpaqt~ Mr~in u a~turity for tM in~bt~drwss w rM MwiyapN
M+~in desaib~d a hereby secvr~d. fo tM saeer eat~nr ~hat it would Mr~ De~n pr~serwd and wovld haw been paaud w.nd beM+ h~Id Ey rh. INwepa~ Md it been
duly ~nd ~epu4ry ~uipn~d, n~nsf~rr~d, w~ owr ~nd det~wr~d ~rnro tM Mortq~qee by s~p+raa de~d of ~as~pnn~nr norw~Mstu~d~np tM /xt Mat ~M s~rn~ m~y be
s~tisf~ad and cw~c~lled of r~caA. it Deinq tiw inten~ion of rM ps.r~~s I~e~o ~Mt M~ saen~ w~ll b~ satis(ied ud c~nc~ll~d of recad by 'M Aolden ti~treof ~t w aboc~t
th~ ~iene of th~ rtcordny of d+is mortp~y~.
~ 16. io pay •II and s~~+9ular rhe tos~s. chargea ~od e,penaes. ~ndud~nq lawyerl ftes, reasonably ~ncu~.ed a pa~d at ~nY r~me bv rne Mwrqaqee. because ol ehe
~a~~fure of rhe M0~19iyor to ptrlorm, comply wrth and aE~d! bY exh and every tA! sup.~tanon~. ~qr!!mints. cond~t.ons. and coverunts ol s+~d prom.fswY ^o~e and ih.f
~ deed. or e~~~+er, ar+d e.ery suc1+ par~~s sAall bear ~me~~sr I.pn dare a~ rhe rare w~~ded ~n ss~d prom~sswv ~o+e
i7. YVh~n +ny wnaint of monty to b~ p~id by tM Mwtp~yor to ~M Mlwtyaq~ u~d~~ N+~ ter/m M~eof s1++11 b~ in J~fwN, a should ~M Monq~yw def~ult in
~ any oi tM oth~r ternu, poviaiwn a cond.tions of Mis Mwtqay~. M~n ~nd in th~~ c+s~ the Abr~yage~ aAall Mv~ tM riqht, wirhov~ notrce to tM Nbrty~qor. to
y coltM a+d ~eceiv~ iran any b~+t w Its?M of s~id mwty~qed pea.ises tl» r~nb, ias~es snd pof~n of tM rNl ~at~t~ he~~by mwtpap~d u+d tM ~inprovern~nb
; rMreon. ~nd ro yiv+ prop~r r~ceip~s ~nd ac4vina~c~s ther~far, and ~ft~r wrirro •u commisii«u of any ~~ntd pent colkctiny tM um~, u+d anY reasonabl~ sttar~ey's
~ f~es ~nd otMr neceuxy ~:p~nip incwred in cot{Min9 ssnr, ro ~Oply tM proceeds of sucA collectiam ~pon any indeM~dness, obliya~~on a liabili~y, of tM
~ Nbn~pw herwnd~r. TM riphf qi~nted tM Morty~yN unde+ this p~ra9r~ph shaU be in ~dd~~~on to. and sAall na I~rnit a r~strict. ~ny aher riph~ a riqhta qranred
rA~ Morrp~yN in thi~ Mwtq~q~.
~ 18. If tM Ma~qon at tlx ti+m o} mekinp tAis Mortq~ a subsp~~nt tAcreto ul~ av~ life :nsuranc~ ~s:yn+tinq N» MortQaqe~ Aefei~ u ben~fici~ry wi~h •
co~+psnY +owo~ed EY fh~ Mo?tq~~ a sssiQns pof:c~a fo fM Mwtq~qe~ fw th~ pwpose of secwiny tM nwrty~ye Ioan AerebY seaxed. then tM Mwtq~pe~ ~MII
~ have tM ~iqM to p~Y ~enr pe~niu~n accr~irq und~r said policip, and ~II avma so ~apend~d sh~ll b~ added ro ~nd b~can~ a part of n,. o.~~+uw~ indebfe~M~ts s~cvr~d
~ by Mis Mortp~p~ u~d ~hall be p~id by Nw Nbrtpryw to tM Mortp~pee in tweH~ eqw~ conaecv~ive monthly iryUllm~nt~, tM fint monthly inst~llm~nt ta M paid n•
s .
~ part of rnd in ~ddition to tM ~.wRMh wr~~ d~+~ ~nder this JNortpryt m tM fi~st c~lendar ~na~th followinp tM •:pe~diny oi uid sum. S~icA su~ns w•apended
ro besr iM~rest st M» r~t~ ~t which int~rest is p~Y~ ~+Pa~ P~incipal ind~btedness and th~ I~M of Mis Mw~y~ye shall ~itend ro~nd s~cw~ tM ~wm w eapended
3 rogaher with mter~sf ~Mreon u her~~nbefw~ povid~d_
~
~ 19. Thof foyetl~ v?itM m~d in oddition fo the ~ontMr paYmeM of principol awd iM~rest papabl~ uad~r tlK Mra~s oF fb~ ~oa sacwed Ae~•br. IYtort9ogor
~ shdl pup to ~Awfyop~~ wc6 wont6 ~nM wid no1~ is irlip poid. one-hrelftA (1 i121 ~ o su~ puol w N~t annual pr~~ivw dre for lire, eatended cmreroye.
~ and oMe~ Iw:wd inwranc~ co~eriny N~e wort9oyed properryr, plvs toaes ond oss~sss~n?a nest dw ow Me wort9ap~d prop~ryr (dl m ~stisoted bp Mwt9ogee)
3 Isss ol) w~s drwdr poid Mer~fo~, and to b~ di~ridee) br'tM nuwber o( wont6s b~lops~ prior ro tlw dot~ wA~n avcr to:es ond osuassenh shdl become
~ dcliwqwnt. Soid w~s sAoM b~ beld bp MortyapK iw aust or aedited b fhe priwcipal of t~e,loaw, b por aoid iwwruwu, taan, ond wxisMnb and ahall
z b~ opplisd ow Me popMnt tber~of MrMn dYa Mr ~ueu MId in n~st br Mortyopee whee 'soid loos is poid i~ frN si~oll b~ paid ro Mlor~9opw, m I~~s
~ ossi~ns, o? peno~d npr~senfotires. In N~t went of o defovh a foreclowre, wid wws beld in trYSt ~wp M oppli~d ow anr costs oF do~wo9es susWintd in
~ coanectioe vrith tl» cdl~ctio~ d tlK noM s~cured herebp ~Aether br s~it, Foredowr~, or otMenrise. Mulyopw war (ra~ tiwe ro tiwe of ib option vro~ve. ;
~ and ahtr onr wcA wroiv~r, rtinstot~ onr or oll pro~isions IKrtof rpuiriay sucA deposib, br notiu ro MortOopor iw rritiwy. While onr sucb wai~~r is in j
~ efFed, Morlpopor s6o11 par t~es, outsswenh ond ins~ronct pre~wiuiws os Ac~ein ~Ise~here prnrided.
r
~
~
G»s
.
~ -
T:
!N WITNESS W.~ECEOF, tM satd Nlwtp+yw Mnuna sNS Ms h+nd ~nd ud thia t!y day ~rd rw fint abov~ w?ieqn.
~
~
S~It~~ ~ ~Ft=LU vA
~t; ~~~CUt: ~T.GD~ ~ ~
S 7t, y p Tq X /
~ - _.I.
s~o~~a, u.i.a .na a~s,,..~a nAd2;~72 .,..~~Y~.__-_~ 1 rF....-~...- --=--tsuu
tM prestnc~ ot: _ ~a~ = onald C. Peterson
~ c,i~r.Or tE.~~ ~ ~ 2 5` t y ~
V~, 190 t 12 _ ~ _ '1~-~ . ~ ~~'.`~.!_k1~'_'S/ (S'Al)
~ Vir inia R. Peterson
.
`r-
: s _ - - - - - - - 1[ lac_~~
y-:; j .
- ~"y
'~y~ t .
. i ! . ~ : r
' ? .
_
TS
` fi~1~~ +~7~~YN"~~~^~
`=b
.'.,,5 _ '