HomeMy WebLinkAbout2013 7. If ~ny o) tM ~wrr o! ~y Mnin ~~I„nd b b~ no1 Vro~p~b ~nd fvliy WiA w~d~iw tAi?h~ (~0) dpl~ n~a~ ~fn? N» un~ tiwa~ly Mcoa» du~ M+d wr~bN.
or il wch ~nd ~vaY ~M q~pul~~~om. +9r~eH. cond~~oM. a~d cov~b e/ ~~id P~~wry ~wq ~nd Nu~ wiwqap~. a e~Mw. M~ ew dulY wda~d, con~ou~d
wi~A and ~bidrd bY. tM MWp+N iun~ nNMia»d in a~~d wow3~wrY ~oN ~MII Mcon» dw M+d WY~bb fwtAnri~A a/MrNfN~ ~1 N» aMion o1 Mw Monopw,
u luth ~?d earoNMh? N ff »id Wi~~WN ~wn of nwMY Mra aiyinalN ~~iqrlu~d ro b~ wtd on weA eNy. ~nyM~inO iw ~~id wawt~wry noq a AwNn b rM
tonNary nOtwillqtN~dinp. .
t. Te d~livw a ~iid Mxty~pN. on a b~(w~ AAwch ISM o1 ~ach Yw. q+c nnivp wid~nc'aq fM wY~~ e/ ~II I~wluly impoMd uaM fa N» pnadi~y
uMnd~r ywr, b ddiv~r p wid Mw~y~qN, nc~ipn wid~e~nq ~ pay~eM of ~11 liaa (a puWie impeow~nh wiMin ninNy (90) d~p ~iNr tA~ uw~ ~MII l~eaw~
dw M~ PW~ON. Md b WY a di~thM~ wilAin ~iMfY (90) d~Y~ ~NM dw O~N. MY M~d ~11 OovannrnNl NviN tMt ~nsy M ~widr a~ NM narW~9~d P~MM.
on M+b eartp~q~ a eaN. a ie ~np o~Ar ww ~~sul~inp fraw ~M IMonyp~ ind~Ndn~a uew~d !y ~Ai~ n~erqpq ~nd if Mi~ eondit~on 4~ nw tewplNd wiM r?d Pa-
iw~d. Nid nartWYN ~tl WY wch ~ww w~wws wAich ?MII Mcan~ P+H o/ ~A~ d~M s~tur~d A~r tlr~ na~~yp~. ~nd sMN beM ~n1ww1 N Nw ~~a o1 ~la pw c~M.
l6%) OM «rwiR WY+bh ~t-~rwdfy unlit p~id a uid Morfq~pN nyy ~l~tf MN ~aid nartp~y~ debt ~hw~~Pa? baoa» dw M~d WY~N fatAwi~h.
9. It i~ fw~Mr cownw~ad ~nd +qrNd Str said putiN tMt i~ tM ~wnt of a~vi~ ban9 inir~hmd ~o fa~clw~ ~hi~ morty~q~. tM Morpsp» sAdl b~ ~nri~bd to
~pply ~t ~r tiaw p~ndinq aud~ ta~closur~ wit a MN cou+t haviny iw~~dktan ~A~rw1 fw tM appo~n~n~nt of • r~iwr of ~II ~nd sirqa•lr ~M awr~p~q~d propaty.
w~d of ~p ~M nnb. iaawq, orofib, is~ws ~nd ~~wew+~~ tlwrwf. iraw~ wh~lww~ wwc~ daiv~d: ~nd ~Aa~uoon i1 in hN~by ~ao~N eeven~nt~d ~nd ~y?«d -
~M~ 1M cowl J~all falhwi~A ~ppaM ~ r~iw? ot wid nartq~p~d orow~M. ~11 ~nd ~i+qvl~?. ~nd ol wd »nb. lnron~~. ProfiN, fuua ~nd nv~nw Mw~wl. haw
wMbo~we w~wa dMiv~d, wi1A dN ~wwt powp~ ~nd dulia of ne~iwn in liks :s•„: ~nd sueA aopo?ntnrnl Jwll a rwad~ Ay sud+ eourt ~s • mat?w ot ~hiet riqhl
b ~M M1ort9~9». in s~+taww?w M~q~l npe~«+fa„w~ or asslom. ~nd witAo~A ~w~ a dr ~d~w+~Y a i~rdp~MCy of ~M v~kN af th~ wopN~r A~~br ~?WO~~
a b~ wFvwKy ar infpArency of M» Mo~tp~pw. ~nd Nyt ~„cA nM. pofiM. incon». iaup ~nd nwnuw d»II ~ pplwd by ~ucA nc~ivw M 1M WYnwn~ of dw
malp~q~ ind~bMdn~sf, cab and dwyn, ~aadinp a Nr adr of wd? cowt.
10. M~ conwy~ ~AaiW ~ nwd~ by ~M Mappor of Nw o~an~~ h~nin deurib~d. a rw P+~ Nwr~ol. vri~hew M» writl~ ca~u~n~ of t1r Maty~qw. ~nd
wilha+l ~uvmWion in rpular fonw ef I~w Ay ~M pnnN~ o( 1M oWiqfion w M• Mwfq~pN c.Nbd by wid pro~niswry neN and ~is rnorp~q~. Mwt and in Nwf
~nR ~nd se Mw aWiow d M» Mat~~, sm! wiN~aA nerie~. ~11 suny of w~omY s~ew~d hK~by aMll inrn~di~ul~r ~nd eonewnntM, w~M ~ud+ eanwyr+e~ b~eo~
dw ~nd p~y~bM ~nd in d~iwM. t
11. 1M1 in IM wenl ~M v~weis~s Mreb'1~ nqrW~9d. w ~ny P~rt ~Mrwf, ~hall M condenwd a~d tat~n for Y~b~~e uw w~dn Nw pow~r o1 wwieNM dawwin,
1M Mo~qp~~ iMll h~w ~Ir riqM to d~nw~d tM1 ~11 d~nyyp award~d iw Nr qkiiq of w drw~q~s ro~d p«nisp ~Aafl b~ paid a fM Mortp~~ w a Me aw~ount
M~n unPSid on Nw nwrf~q~ and af N» opian o1 N» A6ort9~V» ?MY A~ M~PI: d u0on ~M oaYn»nb lat p~y~AM Mn~on.
12. 7M w~onp~por bind~ hinn~H not to ~r~et a p.~~ ro b. .r.a.d .nr n~w buildny~ on th~ w+nr~u Mn~n moe?9+p~d a b idd w or w~nw~ b b~ ~dded
M+nY o1 fM uistinY iinpov~+b ~h~non or ~b ~ny cA~yw a~hewtions in said improvamnb v+Aic~ m~wiallp cl+r+p~ N» iw a M» us~ Mw~o1. vnN+a~
1M writNn evro~nl of N» Mor1~yM. and in tM ~wnt of ~nY viobtion or attNnW w vio1~N Mrs qipul~~ion this w~alpp~ ~nd all swes s~aw~d Mnby sAdl iin-
n~ia~h Mcon» dw ~nd colber~bN N M» opeion oi tM Mw/p~p».
la. n w.ris~cdhr a~..a b of ~M ~ss~nc~ of Mi~ comuct «+d tM~ no w~G~ oI ~r os'.iyuian h~wnd~+ w ol Ny oWi~?~on ~cwcd A~.~by ~lull at any
Nnr b~ Mld w be ~ w~;v~+ eI ~M t~rna I~rwf or of Nw imnww~M secw~d Aa~by.
11. li fondaw~ woeMeFnpt of ~ny a~eond ~nortp~p~ or s~eond tnnt dN~f o~ a~y ivnior li«~ oi ~rey kind shouid ~:nftitu»d, fM Allw~p~ye~ nwr. ~t ia oW~oe.
im~d"i~Hy a NwNfnr d~clu~ Mis r..~t~ ~nd Nr indep~~s s~cwed Mnby du~ ~nd wr~W~ forMwiM, ~nd nrY at ~w oprion pe«~ed a(a~elw~ thGs
mortpp~.
13. To fM ~ahnt of dw ind~W~ras of tM Mwtp~qa N tM Mwt~yN dnu~bw f~eee~n a s~cw~d lweby Nw AAenqa~ is Mresy s„Ero~ad to rM I~an w
li~ns ~nd to tM riphb of 1M ow+w~ w~d laldNS tMrwf of ~~ch ~nd wwy nar~y~p~ li~n a aMr intvm6r~n on d» I~nd daa;E~d Mr~in whid? b A+~d ~nd/or
a+tafi~d 'u+ whoM a in p~rt out o} tl» proceMs of th~ loan dncrip~d I~rein or s~cwed Iw~eEy. ~nd th~ ~esp~ctiv~ liur M s~id mwt~qes, liens o? alnr incwnbr~nces
sMll b~ ~nd tM_ are~ ~nd wcl~ of 1h~m Aereby ia o~~aerwd ~nd sMll pu~ w~nd b~ MW by ~M IlAorq~pM Iw~in ~t wcurinr ior tM ind~bpdnns w tM Mwtq~~e
Mr~in dnc+ib~d w hereby a~cw~d, ro/A~ sa~ s¦renr dyt it wo~rld Iww bren p~senr~d and would Aav~ b~en pa»td a and M~n MId by dN Monp~qN h~d it been
dulY ~nd rpul+rh ~uiyrwd, hanff~rnd. se~ ova~ and d~t~va~d unro tM M«t9+v» bY sw+~~M dNd of usiannwnf ~o~w~Nat~nd~nq tM fan +M~ tM iurr nwy be
uKsfyd ~nd c~ncdled of ncad, it bdnp Nr imention of tFr p~rti~s hersw tAat th~ sam~ wil! b~ sati~fi~d ~nd c~ncalbd o~ IKplI by !M AOIdlf{ thNfOf ~t w~bwit
tM ti~n~ of tM ncordn9 d ~hin rnortp~p~•
I6. To p~y afl aod s~nyuta~ rhe cmts. charges and e¦penses. ~nclud,nq lawyer'a (ees. ,eisonably ~ncorrcd a pa~d any ume by ~he Mo.~qsqee. becauu of the
f~~ture of the Mwtqaqpr to palwm, comply w~rh and ab~de ~y exh and erery the suoulauons. ayreemems, cond~~oas. ~nd covtnants ol u~d pamsswy no4 and rh~s
dced. w eittier. aod erery sucA payme.~~s shall beu ~mvp~ fran dite rhe ra~e pfov~dcd ~n sa~d pan:ssorY nWt.
17. wl+~n ~ny ~wwwu of awewy w b wid Ey M. Monp~ya w~h. Mony~qN w,de. ~h. t..na Mr.of ah.ll b. in driwN. _w aAouw rM
+ny of tM wher fenns. Proviians or cw~ditions of Mis Mort ~~9+~ dNwh in
coliact'~nd r~ce'~w iraw +^d in Mae cas~ t?w Mwty~qe~ slyll Mw Nr ripAt, vuithaA nW:c~ a tM Mwtp~yw, ro
+~r t~nant or Ipsw of said mafp~ped pranis~s tM r~nb. iuws and pofin of tM rwl e~t~b her~by morryayd and tM irnprwemer~b
Ma*son. ~nd a 9iv~ prapN r~c~ipts ~nd aceprin~ncM Mar~}or, and sha p~y:nq •U canwusi~oro of ~r renql p~nt cotkcrirp tM u~. ud arry reuonaW~ aftorneys
f~+s +nd o~Aw r+sceswY ~ip~nsa incw~~d in colbetiny s~, a appN t!K proceeds of wch colkctions upon ~ny ind~bt~dnKS, obliqNion w li~bility. of tk~
~Y1at~yor lweunder. iM ri9ht qrantad ~M Mwty~yN u~der ~hia parpr~ph alwll b~ in add~twn w, ~nd shall nM limi~ ar rnMict, ~nY oH~ r:yht a ri9hri yranted
rM Mwfp~yN in thy Mpny~p~,
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18. If tM Mortpa9on a~ ths ti~ of inekiop tAis Mwtqay~ a wbspu~et tA~r~ro a4~ ow lif~ inswanc~ dniyn~rinp ~M Mwtq~qN Ae.~in u berr/ici~ry wirh •
coi*wr+r .ov.ov.d by tA. Mo.ey.p.. w.»;an. aotici., ro +A. Mony.qe. fw rn• pu.yoa. of secur~rp d,. ~nony.y. ~wn Ae..by s.cu..e. +h.n a~. Aw.r9.y.• sA.~~
h~ve tM'riyAt b P+1~ +~M D~~ +ccrviny ~nd~r said polic~n, and ~II swea so eaaeod~d shall b~ addd w~nd b~conr • PKt of M~ W~H~I indebtcdnhs s~cw~d
by tAis Mony~p. ~nd ~h.q b. p.~d b~r M,. Mor?y.9o, a rA. Mo.~9aqe. ie twelw pwl ca~ascv~ive monMely insta!lnwus. Mr firsf mw~NJy :nstdlm~nt W b~ paid ~s a
wrt of end in addition a dr ~na+MM wY~t d» ~w~der thia Mw~q~y~ in tM fint alendir monfh follow:ap M~ ~ap~ndnp of uid sv~w. SucA swm w eapended
to bcsr :n~Nest ~t ~M r~t~ w1~icA imerest is pay~ upon s~id pincip~l indebtedneu u~d tM Gen of this Mwty~p~ ~hatl ~:nnd b~nd secw~ ths sums so espended
roqsN,ei wiM inhr~st ~Mr~an as Mr~u~beta~ povid~d.
19. T6at toyNi~r ~ owd "w addition b fA~ woaMhr puysent of priacipQf m~d 'a~MrM payoble vwde? tl~e Ia~s oi 11w woM f~cMred ber~bp. Mort~w
iholl pvp to Morqo~~ wch ~owN~ dal~ wid wote is }Yllp puid, one-hrelft4 (1 /141 of o sw~ p~wl b 1hr awwval p~e~iw~ dw fw fira, e:tepded coverops.
ond ot4r la:ord iwwrowce oowriwY ~~Wa9~ W~~h, p1YS toaes owd askswals n~at dw ow Mie'w~~yey~d P~oP~rly (aN as esti~ohd br Mo~qop~+)
kss al! wws olr~odr poid tlKr~fa, ond M b~ dirided bp N~e n~wber of wont?s to step~e prior b 1M doN ~INw wd bies owd oste~s~ewh sholl becowe
ddiaqwnt. Soid sY~t sboN b~ INId bp Mwtpu9~e i~ hvst o~ a~dited b tlK priwcippl of tlw bow. b por wid 'wnwow. 1oa~s, awd aaest~wb and sl~oll
b. oppGsd a. Nn popw.w~ +b...ot wwaw dw. w~r ~ac~u Mld in nrust br A4or~popK ~rhsw sad loos 6 poid iw fdl shoN 6~ peid w Mo~yoao~, w 6is _
ossg~s, a p~~sowal npr~ntotiws. Iw tAe ev~et d a de(wrh w foredoswe. ~oid ur~s Mld in Mist ~op b~ eppli~d ow awp co~fs of
coen~ctiow witb 11w cop~ctiow of Ne aol~ s~cYred 6ereb~r ~IKtIMr bp svi~, fw~dosu~~, w oel~er~rise. `,AwlpoYw ~op /ro~ ti~ eo M~s~~op 'ha~'roir~,
and ofler aer ~rd? wo~?er, r~afot~ owr w oq provisiows ber~ol rp~iri~y wch deposils, bp ~ofit~ b Morfyayo~ is ~rrifi~p. Wl~it wr wch ~airer is in
•ffM, Mwfyopor sl~oll pap b:K, ouess~enri ond iwsv~once pe*siuws as 6erefn ~Ise~rhere p~mided.
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IH WIiNE55 WHEREOf, tM s~td Mony~por M~nunb ~ts Aii Mand and tNl lhin tM dhr w~d yw fint ~bow wtitqn.
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