HomeMy WebLinkAbout1265 , 6~ io pMium. complp w~rA ~nd ~Did~ bY ~~A and ~wry •tip+4uon~. +prNrn~t~, cond~t~on~ ~nd co+r~nanb jn sud prom~~sory not~ ~nd dNd aN iwtA.
7. If w~y of tM ~unw of mon~y Mnin ~dNr~d a b~ oa o~~o~b ~nd fvlN w~d w~Mln NrnY (JOl d~ya n~at dur ~?uM Nwr~lly Mcow» dw ww) wY~bt~.
o~ i! ~cA ~nd wwY M~ ~tipul~rioia, +VrwMna. ca~t~o~r. ~nd cov~ewnh d aid wosi~wry eoh ~nd dN~ mor+y~y~. a NtMr. a~ na duh v~iawrd. cwroli~d
w~~A ~nd abid~d bY. Nw Nq?W~N ~ww nww~ta»d in ~aid womi~~aY no» ~MII b~can» dw and WY+~ faMwi~A a Mw~aftw N~M apHen of tM AAa~Y+qM.
as h,11y ~nd caroNNM a if uiA ~yprp~a ~ww of morwy wu oriy~n~lly ~~ipubt~d a a p~id o~ wd~ day. ~ntrd+~np in sa~d pawiswry ~oN a Mr~iw w ~M
connpy nww~~~andinp. .
s. To d~livM a wid Ma~p~~, on a b~la~ IMwc~ 1Sd? d ~cA ~x. ua r~ip?? ~vid.nc~nq M» oar~m d.M Iwvlullp i~po~~d t~aM fa N» onc~diny
ulw+d~r YM~. b d~livN b~aid Ma~p~qM. rK~:c~s widMCiAq IM Wr~n~ 01 all li«u Iw P~ic i~ap~w~nynt~ wi~l+i~ ~tinN~r NO) d~ri ~fNr ~M Nn~ ~Ml) l~toa»
dw and P+Y~1~. ~nd b WY a di~eMeq~ witirn ninN~? (90) d~» ~fN~ dw d~N. ~r ~wd ~II qovKnnw~Ul i~vi~f tM~ ~sp b~ ~d~ on IM e+atW9~d oroo~rb.
on fhis nwrp~y~ a eoM. a in ~wy oNw w„r re~ule~~q fraw ~M Matp~p~ ind~badn~+~ s~cw~d Ay ~Ais inatqaqr, ~nd il tAis cw~dilaw 0~ not cornpli~d wi~A ~nd pa-
fwnwd, wW ~a~9~ ~Y V+Y ~ s~ p~~A ~MII E~con+~ p~ of M~ d~W wcvnd Ay d+n ~.or~pp~. M+d ~lyll be~ ine~r~~ N ~M r~» of sia pw c~nt.
~e%1 v« a,M~, v.r.ba ..~~w~wib w~Nl p~id w uid Maty~p» nwy ~IKi Mi1 Nid 111pf1~~ dfW 111KNIpOH bKpfM dw ~nd p~y~pN fw-MwiM.
9. 1? h(wtM+ co+enau~d and ~qrMd by Nid pwtia tMt in ~M ~wn~ of •~vi~ A~inp instiaNd a fa~clou this morty~q~, th~ Morp~qw Jyll E~ ~ntitNd a
pply N any Knr p~ndinq sueA fondoNw~ w~t a t!w eowt Mvieq iwi~dietan MK~o1 fa tM ~ppantnwn~ of ~ r~nivK sf ~11 and sinpula tA~ nw~tysy~d prop~ty.
w~d ei ~M ~M hnb. tncwwa. P~ofie. iaaws ~nd ?w~w~ Nw.w1. fran wMtsow+r ~owc~ d~.iwd: and Nw~w«~ i~ h Iw~by ~apns~M oov~nw~ad and prNd
dwt dy coun sMtl (o.~hvri~A ~ppoint • nc+ivw of wtd niwtq~y~d propK~y. ~11 and sinyula.. ad of sucA nnM, incow~s, prof~n, issw~ end rwenw M~rw1, irois
wMMe~va wura dw~wd. wi~A Mw uswl v~~+ «+d dwia of nc~iv~n in I~k~ c~sa: M+d wd~ +vvo~ntnr~u ~A~d M~.+d~ br wd~ cow~ a•~wanN of ~akt riqA1
w N» IlAorp~~. iU wu~uaa ~ no~~+tiva or uaiyiu, and witAow nfK«+c~ ~o Ny +d~o~++~r a in~d~w~e~r ol dw v~1w o1 tM prop~fy M.~br ~9~Y~d.
a w tM ~dwncr or imoh'~ncY of ~M Nbrty~por. and dut ~ud~ r~nt, pofib. inm~. iuws and rw«wna tM11 ~pplid dy wd~ naivrr 1o tM wYnwn~ of MN
map~p~ Md~bNdn~u, eesb ~nd eMrw~. Kead~nY to tM ordr of wei~ eowt.
10. 1/ ~ ca+v+r~na sAould nwd~ by d» Map~pa of tlr onndsw I+K~in deu.~b~d. a r~r o+~ Mwr~of. wi~hew ~M w~itw~ com~n~ o! ~M ~Mn?p~pN. +nA
wiN+art a~unW:on in rpu4r fonw e/ taw !y tM p~na~ of M» oW~9+tion to M• Mortp~pw cnaMd bp ssld parssay nW~ M+d N~is ~wrtvw~. dMn. and in MN
~vrnt. ~nd ~t dw oWan of M» Mwtp~qM and wi~AaA notic~. ~11 sunr of nw~+eY s~ew~d M.eby Jwll inrrdi~Nlp and ooecwrwwy wi~A ~ud+ conveyw+c~ O~conw
du~ ~nd pw~bb ~nd in d~twM.
11. 11yt in ~M e~rent dw pt~mna Mr~by na~tp~p~d. a~nY p~t tMrwf. ~A~II ~ cw~d~nrKd ~nd t~n for publk w a?der Mr pow+r oI ~niurM donrin,
fM Morfqp~~ ahall Mw IM ~iqM b dMw~nd tMt ~11 drn~qs ~wsrd~d fw /h~ t~LinO d or drw~Ya b s~id Y~~wiss JrU b WiJ q tM MwtW9M W M Mr wwount
Nw~ w~id on Min w~ony~p~ ~nd al Mw apliou of fM Mor~Y+Y» ~ytl ~~OP~ad wo~ Nr wY~b t~A pap~lN Nw~on.
1~. 1M narlp~pw bind~ hinaeN not w ~nc1 a p~rw~it ro b~ ~r~ct~d ~nlr mw Duildinqs on tM p~itM hM~in w0~lpp~d O~ b~dd b O~ plnnif b bf ~dd~d
ro~r of tM ~aistiiq i~npownrnn ~Mr~a+ w m~k~ ~r cMnpw or dNUtiona in uid imprwrew~nM whid~ nrNri~tlp eAwp~ Nw s~ a.~ us~ ~Mr~oE. w~diare
tM writNn cpn~n/ ot dr Monp~pN. and in tM ~vwN ol ~nY vio4~ion a~nNnp~ w viol~t~ Nws Nipul~tian thi~ mpt~~ and ~I) suen f~cur~d Mr~bp ~MII in?
~.»ti e««~. a~. .~e ~i.mea w» ~ ~r ew.,9.o...
~a. u„ w«~rK.ih .w..a d+.~ ~ or ~n. o~ ~u.~e .~+a +~.r ~o w.cr« or «rn oe~ipNion hwwndr or of M+~ obtipNion wcwed Mr~br sFull ~f ~ny
ri,n~ b~ Mld a E~ ~ w~ivN of fl» Nrnr Mnof a of ~M instrwn~m ~ecw~d ha~~by.
11. N fw~ctwun P~ocMdnqs o! +iW s~cond mortp~y~ or Ncond trvat d»d o. a„y iwuw IiN+ of ~ny kind sAould b~ 'wu?itu»d, th~ JMor~p~~ ~r, a~ in eWion.
iiwr»diauly or thsrw(t~r d~c4r~ this ~a~p~y~ ~nd ~M ind~bN6ws s~cwed Mr~pY dw ~and Wv+~ iorMwiM4 +nd ~wY ~t ib oWion P'onKd to ionclos~ ~his
enatq~p~. ~
13. To tM ~:t~ d ~M ind~bdn~as of th~ IlAortp~pw b tM Morty~pN dnaiMd lw~in a s~cw~d Mnbp Nr Matpq~~ is Mreby subroy~t~d ro tM tiM w
liay ~nd b th~ riyhts of tM owr~a and holdKS N~aeof of e~ch ~nd w~ry mw~~y~ lien a o~i+er incvr~rMn on fA~ I~nd d~riMd Iwr~in wAi~h ls paid and/er
utisfi~d in wAoM w in P+h o+~ of ~M 0?xe~d~ of tlr Iwn d~scrtE~d Iwein a s~cw~d MrebY. ~nd M» respsctir~ liem d s~id ww~p~qes, liem w aM~ iecwnbranca
aMtl E~ and fi~. s~ ~nd ~h of Marn MrebY ia w~rnd snd sMll pus a and b~ AeW by ~M Morp+yM Mr~in a sKa+i~Y for Nr ind~bf~dn~ss M Nr Maty~qM
Mnin dewib~d w henby a~c++~~d, a ~M srwe ~.ten~ ~hae i~ would Mv~ E~en preserwd and woutd Mv~ bwn w~arJ b ~nd bNn MId bq tM A4wtppN Aad it been
duN +nd rwul+?M +wip~d. uanf~..~d. s~t ow~ and d~1iv«~d unro eM Morry+q« M sw+~,?~ dNd o1 usiperewnt naw~tAsu.dinp ~he r~ct th~? tM s«w~ m~y be
auisf:~d and curcdbd of r~cord, i~ bei~q N+~ iawntan of 1M pwties MrNO ~Mt M~ ~a~ wlll b~ ut~s(id ~nd c~ncdbd oF nc«d A~r Nw I+olders tMrwf N p ~~out
rM ~im~ o( N» ~~cwdinq d Mis ~rrort~qe.
16. to par au a..d s~nyu4r ehe cosn. cl.arqes aod e.pH.aes. ~odud~nq lawyer•s feea. .usonably ~ncurred w w~d a~ ~nr hv.e bY ~he Mptqaqee. becavse o/ rhe
Fa,~~re ol ~he Mo.eq~qo. to perfam, compl~ w~tl, and ~b~de by exh a~d wery rhe s~~pul~ewm. aqre~menta. cond~nons. ~nd covee~aets o/ s~.d p~an~siay no~e +nd eh~s
detd. q l.thN. and lvHy futA p~ymle~y sAall be~ ~n~e~e~t (rpn date sr rAe ~a~e pav~ded ~n said pom~iswY no~e.
t7. wA«~ .~r .n~oun+ or inoe.p ~o b. o.~d br Aw.ro.po. w th. Mo.t9.o.. una.. d,. ann. h...of .A.t~ e.:n a.t.ub. w d,oula th. Mo.?y.yo. a.r.uN in
any of tM o~lwr terms, provisiom w eonditions oi this Mor~yp~. thM ~nd in Mar c~~ tM Mwey~qN sAall lrv~ M» ~iyAt, wiihoue not:e~ to N» N1w~p~yor. a
colkct and r~ceiv~ fran ~ny mm~t or lessM of s~id rrwrty~y~d pemiw Hr ?~nb. iuues and pof~b of ~M rwl ~sq~~ Aer~by nwrtyayd and Nw improwmenb
rherew~. ~nd w piv~ pop~r rec~ipts ~nd xquins~+ca fAsr~for, ~nd athr ar:~ •1~ com.nisaian of ~ny r~ntd pent eoll~ctieq tlr s~nw. ~nd ~eey nasonabM utwney's
f~es ~ed oM~r mcnsary ~:p~s L~cwred ip colbctirq ~anr. ~o ppl~r ~M yoc~eds of wch cdkctiom upon ~ny ind~M~ss. obliq~t:on a liabil'ny. of tM
Morty~pw Mr~undv. TM riyAt qr~nf~d tM Morrp~p~e w~dv Mds p~rsprapA aA~ll b~ in addtion w, w~d sh~ll no1 liwif or r~aaict. ~ny aMr r~yM a riphts psrued
M~ Matp~yN in Mis Monq~q~.
18. If tlr 1Morty~yws at ~Fr fin» of enak'aq tAis Morty~p~ o~ wbspu~nt thN~ro ak~ out lit~ insw~ d~siynNinp d~ Ma~prq~~ he?an ~t Mneti~iKy w~th a
! ~~Y ~PV~oved bp Nw Monp~pN a wiqro pol~cies to th~ Monq~y» for ~h~ purpos~ of s~nwin9 ~~~WY~ ~~~Y ~~cw~4. Nw~ tlr Mortq~pe~ ~hall
k h~ve tl» rpAt to P+Y ~^Y v~a.wiwn accr~~nq und~r said policie~. ~nd dl swm so ~aPMded slult b~ add~d W and b~cwr ~ W~t d ~M W~ciWl indebtedn~s~ s~cw~d
~ by fhis Mo.q.9s .Re .h.n b. P.~d qr n~. Mo.~y.9w ro M. Mo.~Q.9.• in hw~lv~ pwl caaecviive ~nomhly i~tal4Nnb. tM frst n+aiMJy irnNlbnen~ to b~ qid ~s a
` pan of end in addtion a~M ~na+MJy p~ynwit du~ under ~his Abrtqaqe in tM fim ulendar ewnth fotlowinp d~e ~:p~ndi~q ef uid sww. Sud~ ~wm so ~sperwl~d
~ to Mar :ms.es~ af ~M r~h at wAich inwe~~ is qy~bN upon s~id pincip~l indebtedness ~nd ~M lien of M~:s Mo~~y~y~ ~haM ~aMnd b w~d s~cw~ tM swm w e¦pMded
i tog~~h~r witA infer~sl tMrwn u har~.nbtiw~ pari~Md.
f
y 19. iMf topttM~ rri11~ awd 'a~ oddAiow b tb~ ~onNJ~r pap~ewt ol priwcipd owd ieterest po7roble w~de~ IIN f~r~a af N~e uoN secured her~bp, JNort9opw
~ shall pep b MwpoO» eoc6 ~onfl~ ~wh1 ~oid uot~ is fuNy poid, ows-hrelftb (1 /12) of o sw pwl b 11~ awnoal presw~ dw Iw /ire. ~stewded ooverope.
ond oNier iazord iwsvronc~ co~rsriwY Me worpap~d Woperh. P~us toa~s owd osuuMwh ~e=t dw on tM ~o'1po?~ P~~b (a8 w esli~ated b7r Mort9ape~)
less dl wws drwdr peid tMrefw, owd b b~ di+id~d bp 11r wv~ber d~owt6s w elap~~ p.ior to elw doN ~Irw wd leaes wd ouess~nh ahdl beco~e
delinqu~ul. Soid ~w~ shoN b~ INId b~r Mwlyo~e ie hYSf w a~dited b tA~ p~wKippl of f4 bow, b por soid iwwraw. Ioa~s, owd osfessM~b ond sholl
be opplied ow tlr par~wf thK~o1 wA~n dw. Mr uc~ss MW iw hvN bp Mor~pope~ Mrbew soid bw is poid iw sLoY bt poid b Morfpopor. or bis
auiyws, e[' Pf~P~~ ~.~R' tM we~t qf o. d~lwlt w fwadowr~, soid suws Mld 'w hrsf woy b~ oopli~d o~ ahr co~ts of doiwopes wsbiwed ie
connedio~ wi16 tM~ cdl~ctiow o1 Nie woN wc~red ber~br wlwtMM bp s~i~. (wedosw~, or d4tiis~. Mwlpoy~~ wa~r ho~ Iiw~ b ti~e ot ih optiow ~oi~.
ond oher awy s~d~ voiwr, r«nstoh aw~r w oN provisiows 6ereof .p~i.iny wch d~posits, bp wotin b/Norlyopor w rrAip_ W6~t wr such woi.er is in
•F}ecf. Morfpopor s6o11 pop Ioaes, ws~ss~enls md inwrowc~ preiwi~wn os hereiw etsewh~re prorided.
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IH WITNESS W~ECFOF, tM said AAorty~ya Mrwnq sM~ hh !wd ~nd aMl d~ia 1h~ d~y rd yw finl abow writ~.
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~ 5prted. ~e~led and delivered '~i )
- ~M a~. WIL IAM R. GORDON
~ ? ~/..e~Cc.~i~-~ - - ts~wu
NELLIE R. GOR~ON
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