HomeMy WebLinkAbout1769 O. 10 pNtM11~. (OI~~P~Y W~R1 ~~10 1W0~ Oy fKn Mq •vN7 ~~~py~~~~w~i. ~q~wm~n~l. a~w.u . u..s ~nu can~.w.n .n •.u Ww.~.uw1 .w. Nw vwv iwm.
7_ tf ~nY ol ~M ~wm ol e~aNN Mr~in wlerr~d b b~ nW poniplFy ~nd fvllp p~id w~th~n Mbry (Jp) d~y~ n~a1 ~M s~ ~~wr~lly bawn~ d» ~e~d p~r~bl~.
a if ~nd ~wry Nw ~t~p~l~~~om. •a~.T.nh. cond~w~+.. ~nd cownanh ol ~~id pro.n~»ory noq ~nd ~A~s ma~9ap~, w•~~M~. N• no? d„ly pNlorm~d. ca~pl~~d
wi~A ~nd ~bid~d by. tM ~pqrp~a su~n m~nuon~d in ~~~d ponii~~ory noN ~MII Mca.w dw a.d par~~l~ (aMw~eA or tM~eal~« a~ ~M opnon ol ~M Ma~p~qM.
~s fully ~nd caro1N~N N it ~~id ~yq.~p+~~ suT o! ~non~y wu a~p~oa~b Hiprl~t~d N~ paid a~ a.cA d~Y. MY~inq in aa~d w~~~sswy noa a A~rtin ~o tM
cONr~ry Mlwir~ttMd~~Q. . . . •
Q. io ddlw? ro s~id Marp~yN. on p b~fw• March ISM ol NcA y~~r. ua ~~c~iph wid~ecinq f!» par~n~ of dl I~wfully ~rnpo~~d a¦M (u tM paed~ny
e~anda yN+. ~o d~livw ~o uiA Abreq~pN. r~e~~pn ~.~dMC~np ~M wY~n~ of •11 IiMS Iw pvblK ~mprow~m~ w~M~n ~~n~ty (90) d~y~ af~N tM ~~nr ~hall E~eo~m
dw a+d wr•SN. ~nd ro paY a dixM~q~ witA~n ~fn~h (90) d~y~ ~(tN du~ d~N. ~ny and sll Qov~rnm~nal 1ev~~~ ~M~ ~y b~ ~d~ on M~ ma~a~p~d wopa~y.
on Mis n+orly~q~ o~ noN. a in ~nY o~h« w~Y rnul~~nq from eM Ma~p~q~ ind~b?~?i ~~ew~d by ~An nwrrp~qr, ~nd i1 tAi~ eoe~Ait~on p~ ~oe eompl~~d w~~A ~nd p~r.
form~d. uid ma~p~pM WY ~~h swn a~wns wA~cA ~MII Mco~ w„ o( H+• d~b ~~cwed by ~h~s rrwnp~p~. and sMll bea in~aM~ tM rN~ o( ~ia pN cMt.
I6%) pM +n~xrn~. Wv~b4 ~ani-ww~lly untit paid a~~~d Morty~pN wuy ~IM ~h~t ~a~d rnw~g~q~ deW tha~upon b~can~ dw ~nd p~v~bl~ faMwieh.
9. h is Iw~hr eonnaM~d aw! y.Md M uid pu~i~s ~I.~1 in ~M ~v~nf o/ a s~~f b~+np ina~~eur~d w fw~elp~ Mi~ nwr~p~p~. tA~ Mortp~p» sMll b~ ~nri~hd Io
pply ~t ~nY tin» p~nd.np sud~ /onclwu~~ wil to IM cowt Mtinq juriadiction fAaw! Ia tM ~PPOin~men? oI • r~ctivK o1 ~11 ~nd sinp~l~r 1M mwfq~p~d propKty.
and oI NI rM ~Mb. inco~n~s, pol~ti. issws Md nwnu~~ fM.wf. f~an wlutw~wr sou.c~ de.~v~d: ~nd ~r~iroon ~t is AN~ay •¦w~ssly cown+n~~d and pr~ed
~Mt ~M ewn alull faMw~~h ppoin~ • ne~rva of s~id inorrq~qd popNry. ~II Md uep~r4.. ~nd ol ~ueA nnh, ineoin~~. woht~. iav„ end nwnw d+N~ol. koin
wM~swv~r wwn dKived. wi~h fM wwl powws M+d dutip of receiwn in lik~ u~~s: u~d tvcA appo m~m ~h~ll M ensd~ by ~ucA cou~~ p• anan~. oi ~t~i~f n9A1
a N» Mor~p~yN. iM ~ucc~ssorti leq~l r~or~s~nutiws a ~ss~qns. w+d wiMou~ rtfNenc~ ~o eM ~d~quacy o~ in~dp~ncy ot ~!w v~lw of tM woW~W ~~~Y ~~9~Wd.
a ro ~M wlv~ncy a insoMecy of M~ Mw~p~qa. u~d ~M~ ~~ch rent. wotin. inco~, i~sws ~nd r~v~nwa iMll b~ appll~d by sucA nc~~wr ~o ~M wrT~~~ ol ~M
inorpap~ ind~bndn~sa. co~b ~nd cMryM. ~ccad~np q Hr wdM oi t~cA cow1. ~
10. If ~ eonwY~ tAould 6~ ~d~ Ay Hr Mor~q~qw of M~ prm~~ hw~in deur~Ead. or ~nr p~rt ~M~~o~. wt~Ao~n tM vin~te~n conaM~ ol Nw Mo.~p~qw. aid
vn~haM ~sswnp~~an in rpular fw:~ d law ar ~A~ p~~n~N oi Nw oWiyuion a M• Mwtp~qe~ cr~~nd by ~~id pro~i~sory not~ ~nd fhia ~nonWp~. ~Mn. u+d in Mat
~v~n~. ~nd ~t N~ op~iw+ ot ~M Nlwtq~~. ~nd ~viMaA notic~. ~II wnu of mon~y s~cw~d l+Keby ~MII imnydi~t~N ~nd concwr~ntly witA urcA conv~va+c~ b~conw
du~ M~d WY~b1~ M~d in d~tNrlf.
11. TAat in tM eveM M~ pMn~s~s I~My mo+tp~p~d. a MY pu~ HwwF, aA~ll b~ condemn~d ~nd uk~n fw p~Wic v~ w~der tM powN of Nnin~M dan~in,
~M Morty~qN sAa!1 Mw N» riqM w dNwa~d tMt ~II dMn~qes ~wMd~d fw ~M takinq of w d~m~q~f ro s~id p~«nis~s slrll b~ p~id ~o tA~ Mw~p~yM up to ~M ~~noun~
M~n w~paid on M~s nanp~q~ and ~t MN optian of tM MwtpapM mry Ea ~ppl. d upon d» p~vnwnb lu~ pay~bb tlw~on.
12. 7M mwtp~pw ands himael/ na ro~r~ce a pN.~if to b~ a~ct~d ~ny n~w Miild~nqs on M~ a«nisq Iwr~:n mwtp~q~d a to add b a penn~t to b~ ~dd~d
to ~nY o} 1M ~aishnp i~ovMnMy M~r~on a inak~ ~ny cl.~s a~INr~t~ons in uid ~mproven~h wA~eA erylNia~ly cMnp~ eM urn~ a tM us~ tMreol. w~lAo~t
1!w wrif~M cona~nl o( ~M Mortq~. and fFy ~vent of ~ny viol~t~on w~nemp~ ro v~ol~e~ rAis ~t~p~btion thi~ nqrtp~q~ ~nd ~11 su~ns ~~cwed M.~by shall ~rn-
nrdi~Mlp b~can~ dw ~nd coll~cnbb ~t ~M op~ion ol ~M Map~yw.
13. It if sp~ci/K~IIy ~prNd that fien~ is oI ~Ae e~s~nc~ of Mis conn~ct u~d tMt no w~iver of any ob'iqation hNwnde~ a of ~M oblip~hon a~cwsd h~rebr ahall N~ny
tirn~ b~ Mld to b~ • w~iver of fA~ ~~rero herwf w o1 N» .natrumen~ ~ecwed ha~br.
1!. It fw~closwt Mu~ad~ps of ~nY s~cond n+or?y~y~ a s~co~d trwt dMd or any j~n~or I~en oi any kmd iAould b~ imritut~d. fh~ Nbnp~qee mar. a~ ih opt~on,
~r~rn~d~~aly a thaNff~r d~clpe tAn matpp~ and ~M ~nd~b+Mness secured Mr~by dw u~d wr+ble iwMw~N~, and m~y H iq opnon 0-oceed ro fwec~cs~ rh~s
rnortp~p~.
15. To ~M ~aMnt o( ~M ind~bedn~is of tM Mwfq~por to tM Mw+qapc~ dnu~bed Mrein a secund Mreby ~M Mw~p~~ is M.eby suWO~~ed ~o M~ i~en w
I~~ns ~nd to f!a riphh of tM ownKa ~nd Aolders tAe+eof ef e~ch ~nd wery mw~q~y~ lien or otMr incwnbranc~ on tM land d~scriD~d Ae~ein w1~id~ if paid ~nd/or
ut~df~d in wlwl~ w in part out of eh~ proceed~ of M~ loan deunb~d Aerein a s~c~~ed hereby. ~nd IA~ respect~w Gens o/ s~id mw~y~qes. If~ns a o~l+er ~ncvmbancea
Jyll b~ ~nd tM_ s~er.~ ~nd Nch o! th~m Aereby ~s pHtrvfd and sMll p~is fo •nd b~ held Dy Me AAor~paqe~ Iwsin ss a~cw~ty (a t1+~ .ndeDNdne~s to M~ Mor~q~qee
Mr~in describ~d a AereDy ~ecur~d. ro tht sarrr eaten~ tAat it would have Eeen p~~ierv~d Md woutd havt betn paau! ~o ar+d been Mld by ~M Mwrpay~e Aad ~t been
duN and ~ey~l~rly assiyned, h~nafNr~d. sH over and d~l~ver~d ~nto tM Mwfgaqe~ by s~par~~~ de~d of ~ssiq~m~nt notw~tAat~nd~nq M~ 1~ct tAat tA~ s~m~ .n~Y be
sati~f~ed ~nd uncdled of ncad, it bemy tAe mtention of tM part~es her~ro tMt Me s~m~ w.ll b~ uusf~~d ~nd c~ncelled o! r~cwd by eAe holder~ th~r~o/ a about
rM nrn~ of tM .ecad~nq o1 M~s morr9aq~. .
16. io psy ai1 s~d s~nq„~a~ ~~~•e cosn. c~~rgea and e.penses. ~~c~~d~~g ~awye~l +eef. .ea~o~+blr •nc.-~reA or pa~d a~ a~r ~~me br ~~~e Mo~~gaqee. beu~se o~ rhe
~a'~•e o1 rte Mwrq~gor ~o per{orm. comu~v wrt1, and ab~de by ex~ a~d eve~~ rhe sr,D~~~~~o~+s. •q~eemerts. cond.nons. ~nd covenanrs of ia~d prom,s~ay no*e a~d +h~s
ceed o• e.rl.e.. •nd e+ery wc~ oa~r~eors ~MU bea. .~re~ea~ l.om date ar ehe ~are p~ov~ded .n s~~d prom~sswv ~ore
17. WA~n any ~.wo.nu uf rrqery fo M w:d by rA~ lNortpayor ro fM Moreq~pe~ und~. N,e ee.ms M.eoi fhall b~ in d~f~ult. or ahould ~A~ Nbr~y~por de(~~h in
any of fhe orMr tsrms, qoviaio~s a cond~riau of th~t Mwrqaqe. ~A~n and in M~r us~ the Mor~y~gay s1u11 A~v~ ~M r~qAe, wi?F~out not~ce to the Mor~qa9or. ~o
col:ect and eec~iw (ran ~wy ten~nt w(essN of uid mor~y~y~d pre~n~aes tM ~en4, is~~es and prof~ts of tM ~wl esr~~~ Aereby mort9aqed ~nd rM ~.nproveinenH
Me~eoo. ~nd ro yiw pop~r ?~c~iprs snd xavln~nces thersfw. ~nd ~fter p~Yinp all commn~~oes o1 any rentd penf colkUinq iM sune. ~nd sny naonsble nraney'a
f~es a+d otf+~r e~eceu~ry •¦p~ns~s incwred ~n coll~ctirg s~m~, ro apply ~M qoceeds of ~ucA collechons vpon any inde~t~dneis. obl~yaf~on a I~~bil~ry, of the
Mortqayu hsreunAa. TM ripht qr~nted tAe Mwty~ytt under Mis p~rpr~ph shall be i~ ~dd~~~on to. ~nd shall not I~mit o~ reatricr, ~ny other r~qh~ a nqAts yr~nttd
~h~ Mortpaye~ in Mis Morrp~p~-
18. If 1Fw Mwfy~qws af the firrr ol 'nekm9 ~Ais Mwtysp~ a tvbspwnt M~rero 4k• ovt Lf~ ~nsuranc~ defiqnatm9 tM Mortpaqe~ herem u ~tr.efic~ary w~tA a
~~^~W~Y Mwored bY th~ Mor~9+pe~ a~»iqns poliues to tM Mor~q~qe~ fw /h• pwpose of secw~ng tM mortpap~ Iwn here~y secur~d. ~l+M tM Mort9~qee aMll
Mve tM r~pAt b paY +~Y W~iwn ~tcrv~n9 und~r s~id pol~c:es. and •II aums so capended shall b~ add~d ?o ~nd Mcorn~ • put of tM w~M+w~ indebtedn~a sscured
I by Mia Mwtp~p~ and shall Ee paid Ay tA~ Mortp~qor to tM Nlortqaqee ~n twelw eawl conaecu~~ve monrhly insUllme~N. ~M firsf montAh inst~llm~nf to M p,~d as a
j v~n of rnd in ~ddirion to tM mw~N,h wymen~ dw under tA~s Mor~q~y~ ~n tM f~nt c~lend~r month (o1~ow~ny tM eapendinq of uid svm. S~cA sunn so eapee+ded
ro bear ~nt~reat at tM r~te wh~ch inq~es~ is p~y~bl~ vpon s•~d prcnctw~ lndeb~edneas ~nd rh~ lien ot Mis Mortq~y~ slull eatend b~nd secur~ fM wms ~o c¦p~nded
! eoq~~her w~tA Mflfp~ ~Mreon Alf1~IlDflp~ p9viE~d.
¢ 19. Tl~ot tMer wiM ond in oddition ro tM ~MI
to9 y poyn~ent of principol ond in~crest popoble under the terws of N~e eott securcd Aerebr, Mortgayor
~ shdl poy b IMort9ap~e eocA wwnth ~wfil wid note is (ully poid, one-hrelft6 ~1 /12) of o s~w equd M the onnvol pr~iwiv~ dve (or fire, ea?ended co~eroye,
o~d otAer hu:ord iawranc~ coverinp Me wortyoyed proptrry, plus taaes ond ~~nh neat dve on IIw wwtpoped prop~rlp (dl as ~ttinwred bp Mortyogce)
i leu oll wws ulrwdr poid tIKr~For, ond M be divided br tbe nuwber oi ~sonMs b elops~ prior b tFw do1~ wbn such b:es ond osussmen~s sholl become
~ deGnque~f_ Soid w~ws s6o11 b~ held b~r Mwlyo9ee ie trust or cred"eed ro tAe priwcipol of 1Ae loon, b pop sdd iws~rowce, loirs, oed ossess~enb aed slwll
~ be applied oa t6e popiwent tA~~~of when dw. Mr ~aceu b~ld in trust br Mort9op~e Mrben soid Ioon is poid iw f~ll sholl be poid ro Mortpoyor, or his
assigns, or penond rspresenbfires. In tl» e~eM ol o defoult or forecbs~re, wid s~ws held in trust wa~ be opplied on o~r cosfs ol doiwoyes svsroiaed io
connection writl~ tM cdlettiow of the noM secured herebr ~Aether by suit, fwedos~re, or oMerwi~e. Morlqopee wwr /ro~ fiwe to tiiwe al ib op~ion vroive,
~ and oft~r anr wtA woiwr, reinstot~ onr w oN ptoris:ons hereof reqvirinp such d~posifs, bp eptic~ fo Mortyopa in •rifiwy. WAile onr s~ch woi~er if in
efl~ct, Mortpopor shdl poy toaes, ossesswenb ond ins~ronce prew~iun~s os Aerein eluwrhere pr~vided.
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~ ~N WITNESS WNECEOf, tM uid Monp~por her~.nro s~ts A~~ Aand ~nd s~~l ~Ais d~y ~nd YMr fint ~boN wnn~n.
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s:,~~a, ...~~e .~a a~~~~.~e ILLIAM D. MALLIN~ER
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