HomeMy WebLinkAbout2320 d tM Hortpp~ b~coen~ ~~m~laub ~~~4~. wltAout notlo~. and Drooeedtn~s mU? b~ b~tLed br tlN l[at•
pp~ toe tb~ r~eo~?a7 ~ b! ~ ac tl~ 1~[aetisR. ae is aq ottws m~an~r p~s~nttt~ bs law? ~s tM l~ort~
Pp~ a~ a~0?t1~ b t!M Aot~ or Is tlds f~eo~~ to th~ ooatM ~ aotwitArt~dles. UQoR foc~-
do.w~." a~ u~~ w lto~es.~o» ,~.n b. a. • vs:e ~s. iaa.eceao.. ,.e~r.a Mt~bs. a~a t!M ~Iaet~
fa~ W D~p'. W eati atd ~p~rr aen~erd i~ ao¦~etlo~ tA~wlt4 1nduAla~ reasaiabi~ attoea~'s bM. oat ot
nw ' s.~ ...rea ..a w act«~o. w~. ac ae.~~s oc aw o~ n~. Don4?: .ne a....~s ~o~do.~. a~-
Inp .r. sra~.e bdo~ w eoowmm~noe u.noc ~ W. ~.tsr ot ~men~ aeo? ~~•aa ~pe..s .oa ota~
cl~arps a ia~wrnd. Y~s a r~o~abM att~e~~ LM, ~il n~w:Uw~s b~ patd. ?~e ltost~a~e+ oe w~etf ia ia-
t~ewR OMo~ t!M !~R b188~l. aaq? D~ ~ Dae'c1~e at aw7 fot~e3o~nr~ sw. An7 eiectba bf t~ Yati~ as dreL p'o'
dd~0 tos a~4 b~ e~ue~eiMd tram~at~b ~aa d~4w1t. ar aR w tbw tlweratt~s. aud notWn~ MW b~ to b~ a
walNS o~ sueh ~At miMS w1iM~eea b~ as ~~nt Lr wrftmi to th~t eII~ct dnb? ~ted b! ~ea~u~ TAt
l~ortp~oe wai~ a11 sISM d ~o~wdMd ~M a~ptloa tesatrd b7~ tM Doo~titntioa wd Iiws o~ !'loefda.
AND ?HE ltOR1~(fA00~ ~UR?~ OO~NVIIdAPTl's ~1~iD A~iREPB:
L 7b p~? tIN prledp~i ~8~bt~ wlta btawt a~ W tM pott pe~ovldee. 'ib pq mooWb tmto tl~e l[orti~i~.
fa addlti0e to aed 11t tM tb~N aod p1~a toe areb py~t ot p~adpal a~W lntas~eat. an t~alluaatt ot esc~ at tLe iWbw-
~t
11a~M awd ara~a~alt? p~ a~D~• aad aD ottwt ebaeps Mnkd or to be le~rled asal~a~t tLe D!'~4~.
<b) Pewdmoas to beooaN dw aad pqabM lae. ao~d to =wNw. tb~ iu~nranae aa tM prm~es ~Piart br b~ ~+e and
w~ at~r l~r~ e~uaitMs ~od eowtl~wei~s is Mr~ D~~ for ae reqttle+ed b+an tlme to tiw~
Tbt awouM a[ tM iwp~!!w ~~ts dMU be e4ua1 to tUt amonnt ol tLe~aouod reAee~?e c~ar~e na~t
dnt (a~ ~ut~d bq t~ Yarfia~~. aU ~L ~P~ ~vjded b~ tb~ aumb~r o[ moatAl,~ fa-
rt~wsb tinstoe b~oo~i dw not Wat t~ a~t soatl to t~e dw 8ate d aq soeh d~ae~e aad d~ bt snb-
~et to be:uw or daeww to tlN ~at r~4~ to enste w d a moathb p4mw~t ~ aa tw sob sot 1as tlw~ oae
mmW Ds~ to tb~ Aw ~ ot ~ sed~ N~. as a~wooat w~afe3eat for tb~ yq~mest tJ~a~eo[ wlwa aad pqaDl~.
In ao ~rast ah~U t!r ~oetPp~ ~i ~ 0~ b~ ~H~ble tae aW? mt~reat ca yq amoast p~id to it as berda
r~qule~A. aed thr manrf so ~ mq b~ beld wfth t4 owa tunA~ Dm~ pU?~t a~ tlier~o[ as ~rele
pmvld~. 1b~ ~dorti~la a~U iwNsh mto tlr ldoetsa~ee at lesd Sft~es dys be[ore tbe due d~te aa o~1da1 statemeat
d t~ amodot d aen? taues or a~nts ne~t dnR aAd saeh l[atpP~ s~11 pip? tbe ~Dwe cAar~as to tbe ~mo~mt a[
tht tlwa muwa enmc ebe~dos as .aa wfwa u~? beooar ~s 8•••aa D4~~ ~~s~e mq?. a us opNoe. .
wo? .a~? a sud, eb.zw ii1~ D~. e1W.r edor. or atter ta.s a~oqoen~, ..t~noat aouoe. oe m~lo. sa..nas
ti~ !a 8s~ ~ s~ t~r ,.fs .~.r~. Tbs ~:as amount advanoed a1~D be tmmedlateb ~e
sstdp~r~1~ W tbt l[orti~t~ aad sAaU be utas+rd as an ad~eTon~l O~IndD~l smu tmder thts ~t aed bear tAe wae
rat~-ol rt~rest irom date d adv~oorment as t!w p:inetpal iudebtednar. M oIDolal rseMpt tbereior si~ll be ooadud~re
.rwn~e. a snch p~wac ana a we vaumtr o~ .ndi ~ar~. Tbe ~ortp~.e mq avp4 ee+ealts ww bs ~t sor tb. abo~.e
ea:.rs~.~, or .ap v+st tJKre~or, oa .oeouu: ot .a~ aelmqua~ 1mta~sts a pefodpai oe- mc.raR a w aner p~oe~s
maturlnf or dne undec thfs indrun~ent and tbe aaiount ot erMit adstiai ~t ~Y Wae sNW be t~eduoed b~ tse amoont
t~o~ wm a~ .ypLea as ne~in v~+o,?wea. ?he .mount ot ux exbcm~ ce~eaec I~under :c t~e tlme a w~ter ot ~ne
yrop~etp ~h.u ..ieeone a~.?~meae tlKnor fanr. w tne eenese a u~e suooes~oc o~wner ot tb. properts .na tlnn be .pptlea
nwd~e and sub~et to W ot the pe+nvblons herroL Upon the Pqmeat in fuU ot tLe indebtednes. the amonnt oI an~
1mnMd e~lt ~l~all be applitd W the pennent thet+eof.
1'b~ lsoet~e~ nuy coUect a"late char~e" not W euceed [our cents (dcl tor each one dollar (=1.00) of eseh moathl~
~at pq~menL t'e9ufred on the note and under this blortga~e whkh is more lhan siteen (1S) d~ys in arreass. to
~rK ~ ~octra tupense involved in handling delluquent pyrments.
2 To ps7?, when payabk, all taxea and as~unents. ~eneral or speclal. water ren4 and Qround rents and all other
ehar~~s wbat~oeves lev1M upoo or a~eared or plac~d a~ainst the premises. ProvWon for whlch Las nd beea n~de beir-
~bKo~, and wUl promptty deliver the official recelpb therefor W the MortQagee; to Wcewlse pq W taxes. aa~ea~eab
auA otlNS ebar~a. le~'~ed upon os usses~ed. plaoed or tnsde agafust this iastrunxnt. or the indebtedea~ oc atp intee~est ot
t~ 1[oetptSN in th~ pn~mbes or tlie oWlgations secured hereby. ProvWed that tbe py?ment o[ aqy aneh tu awes-
ms~at or ~1usp bp tht Nori~agor b not contrary to Lw or would not result in tbe paya~eat oi an unlawinl rate d lnter-
«t oa t~ 1nd~bt~ 1~erebY secured. In the event M the pars~e attes the date of thls Imtrumeat a[ aqp law ot tLe
gtit~ or ~b~v~un thereot, wherein the premtses are dtuated, cneating or providins for a~+ ta:. aa~armeat or ~ar~e
wL1eb bp tM abo~re proviso b not to be paw by tne Morcgs~or, ane iaaeoae~iuws ~ecure6 neasoy ioseioer wiin ioieaesi aue
f~po, ~t~a11. at the option of the Mortgagee. become lmmedlatdy due aad payable. and In tl~e eveat p~dt tbere-
oi i~ not msdt tottLwlth. the ldortQagee may take or cause w be taken such actlon or proo~dint.as m~qr be tal~en here-
I ~md~r 1n tlit cw ot af~? othrr default in the paYmeat o! tbe indebteMess. -
~ 3. To k~ep tbe bulldlnas and additbns thereto on or hereatter erected or placed upon the laM lnatred a~aiost loss
b~ Me and wch other haurds. casualUes and contingertclea. lncluding war darw~es it at tlme a statt ot wrr e~ists or
k app~ars to the holder ot the note that war b imminent, and in such amounts a~ ior wu~h perbdrr, as mq? be rtquired
tro~p tlme to tlme bp the Mort~ee. and to psY Promptly when due W premGuas ~a au~ Lw~rance. p~doa ios pay-
ment ot which has not been nude hereinbefore. Tl~e polidea ot inwrance svU bave lo~s pqable provldons aooeptable to
t~ Idort~ee and shalt be dellvered to ~nd hel~ by Ux Mort~ee, or as !t msy direM, until ttds llost~e is satidied.
Reu~w,al polk~lea pL tasuranoc. pe+emfums for w~hlch bave beea 'fully paid, are to be turnW~ed W tbe Hortia~ee at least
Stte~n daps psbr LQ the expirst(on date ot the fnsuranoe tUereb~? nenewed. T6e iasur~aoe sbaII be wrlttea fa oanpan{es
approved bp tbe l~Ort~ee; in no event shall the Mort~ee be hdd responslWe foi fWure to pay for aq~ insarmoe
wrltten os tos any lo~a or damase ~ro7vln~ out o1 s~ dehct fn-any poifc~ or growln` out ot any fallure ~ a~ lnsuranoe
company to p4y for any loa or damage tnsured s~tnst- In the event of lo~t tLe Mortgagor shall give lmmedfate notice
~r mW tp the Mozt~ee who auy make prooi o! los~ if not made pmmpUy by the Mortgaeor; each insuranoe campany
oano~rned L. bereby autlwrized and dirreted to make payment for lou dtrectu? to the Mortgagee instead oi to tLe Mort-
p~or ~nd tb~ Mortsa~ee ~ofnUy: the fnsurance proceeds. or a~? part tAereof. may be applkd bp tAe Mortga~ee. at 1ts
optlon. to the acpease~, ti any. Incurred bY it W t1~e collectlon thereo~ to tbe reductlon - oi the lndebtednes hereby se-
cured, to tl~e restoratlon or repafr oI the property dama8ed. or releascd to tbe Mostgagor without lfabititp upon tl~e Mort-
~a~u for such rekasa All pollclea of lnwrance are hereby auiQned to tM Mort~agee as additlonal securlty !or tbe p~,y-
tatnt oi the sums and lnterert secured herebY: fn the event of foreclosure oi this Hort~e or otlier tsaaster ot tlt1~ to the
~ i ~r o
g~~tltle and lnterest oi the Mortgagor fn and to a~7? inwrance
4. To oosapl~te wttbin a rwooable tfine any buflding or butldings now or st any time 1n tbe prooeas of erection upoe
the laad and to promptly re~afr. ratore or rebWW sny building or fmprovements now or hereafter an tl~e Lad whlcb
map beoome oe be 8ate~o~ed, aod not oommtt or pertnit to be 8ons or esist on os about tLe pnmises anythtn~
wbee+ebp the p~ ihall beoome ler valuable: to compl~ Mth W laws. rules. reSulatlons, or oidfnanaes o! any govern-
mental sseacy and nut vloLte os penWt tLe vblatlon as to the premises o[ any bullding dr use restdctlons: to keep the
land ~ad lmpro~emeab thercon tree iroon meehanic's and materWmea's ltena and adll not suffer any Uen snperlor W the
11en ereat~d b~? tL1s lnstrua~ent to attach to or be enforced against tbe premi~es.
S. If de~ault be ma8e in the p~ymeat ot taxea. s~ssments. llens, claims. tnsurance premlums or any other charge
wl~st~oar?er. ae ~ W Part theetiwf. or ia tlie pesformance of aay act, to be paW or pedormcd bp the Mort~asor under tbe
p~+ovLlon~ ber~ot, tbe Mortp~ee may, st f4 opUon. make payment thereoi or pertorm any ut rsquitM a[ tl~e l[ort~asor
fa a~? losm or matu~er dee~ned ezPedknt aad pay atp? otber sum that 4 ae~xsrar~r to protect tl~e se~urlt~ ot tNs fnstru-
mmt: tl~e amounb ao patd. wiW fntee~est thereon lrom tLe date oi such payment at the wne rate n borne b~? tGs pdn_
dpal lndebtednew, thall be ade~ed as ~n additlo~al IIen on the premi~es and ahW be a~dded to aad beootae a part o[ tbe
~ securcd bereb~? and be immedfatelp due aad paysble W the Mortgs~ee. M~ psya~ent Mrebp auffio~ised !o be
m~de bY tbe Mort`a~e~e rn~' be aude aooordin~ to aq~? bp1. statement or estltnate furalthed or proeured iro~n tUe appro-
~uDlic oQke or tLe P~7 WY~t witbout toqutt~ 1nW the aocurac~? or ~atWlt7 tl~ereo[. and tbe reoeipt d
Publlc osloer or p~rtr in the bands a[ tLe 1[ort~ee abW be concludve rvi8enoe ot tDe vaUdlt~ and unaunt a[ ltaios
ao pata: ct~e xorc~ee sean. at !b optian. be aubro~atM to aay mcurabrance. uen. cta~n ce aemana~ .na w au tbe r~?~
and ~eaudties for U?t payment thereo~ Dafd or dlsehar~ed wlth the prlndpal sum ~ecured herrby ot b~ th~ f[oet:asee
na8tr tAe p:+ovldoas nereot. ~nd a~? wch aubt~o~atfan ris!?ta ~hall be additional aad cumuLtlve secudt~ to Ws l~[ozt-
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