HomeMy WebLinkAbout1140 p 10 VM~wm. cV^'Dq w~m ~na w~w v1 ~~a.. ~..v . ..y,v. r•~... ~ . ~ ' '
7. li ~ny ot tM .w~a ot mo~+.y n.~•;n ~.~«~.e a e. ~,w aaro~b •~d ~u~ti p.~d wi~hin thirtY p0l d~ys M~~ ~f~N M~ s~n» ~~v~~~ly Mcom~ ~ w~d a+r~l~,
w it ~~cA ~nd ~wry tM uipulparo. +wNnwnn. cond~~~oM. ~nd cown~nts ot ~aid w~~ssw~r nou ~nd ~Ai~ mor~wp~. w•i~M.. ~n na dul~ q.iwnwd. cwrol~~d
wi~A ~nd ~bid~d py. ~h~ apprp+~~ ~um mMUOn~d in s~~d wwniao.r ~ot~ s~ll becan~ dw u~d p~y~Db falAwiM a ~Mreaf~N a ~M op~ion of ~M Ma~p~q».
~s fuly ~nd coinoN~Ny u if s~id ~qp~pH~ ~um ol momy w~s ai9in~lly stiqrl~t~d w b~ p+id on i~cA d~Y. ~nyM+irp in i~td pomi»ory nw~ a Mnin b NN
co~?rwy no~wiMabnd:nq• •
6. To d~liva ro uid Mw~q~yN, on a E~(a~ MarcA ISN+ of ~~cA y~ar, t~• rec~iph ~v~dencinq M~ p~Yrn~n~ of ~11 lawh~lly irnpoi~d ua« la tM w~c~ddnq
uNadu yNr. ro ddiwr W uid Ma~g~~. r~c~~pM wid~ncinq tM Wr~~ o/ •11 li~nf iw puslic imp~ow~rrnt~ within oiMty (VO) d~Y~ al~« tM unr sMll bao~n~
dw and WY~Eb. w~d te pay o~ dixAuq~ wi~hin nin.M (90) d.n ~ftK dw d~~~. ~~y ~nd dl qov~.nm~nt~l I~v~~~ ~Aa~ ~.uy b~ m~d~ on NN ma~Y+9~d M~~v.
on Mif mwtpap~ a~oN. w in ~nY oN~r w~y nwlr~np (ran ~h~ Matp~q~ indfEqd.wis s~cw~d by ~hi~ ~nortp~p~: and ii Mi~ co~diNon a~+W complitd wiM ~nd pa-
fwnNd, Nid rnatp~pN ~Y paY sud~ ~wn w~wm wA~cA fMll bscom~ oa?~ of M• deb~ ti~cw~d bp ~tih ~wrty~q~. ~nd sMll be~ in~aa~ ~t rM ~~N of sia pN c~M.
(aXI Da snnww. WY+~M sNni-~eww~lly until paW w ~~~d AbrW~pN ~+Y •IM MN uid m«tqaq~ deb~ M~~upon b~can~ dw ~nd paY~EN /aMwiM.
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9. le i~ fw~M+ co+en~oud ~nd +9r~ed bv u~d p~.+in ~M~ in ~M ~wnt oi • ~v~t M~nq ~nu~wud ~o (a~clos~ thia nwrtp~q~. ~M Ma~pp~e sMll b~ ~m~d~d ~o
~ppN ~t anY tinr p~ndinp ~uch ia~clo~w~ sui~ w tM cowt Mviny iwi~dic~~an MNeof fa tM ~ppan~~nem ol • nceivw of ~11 a~d sinqular N» mwtqaped prop~ny.
u+d of all ~M ~~nM. incom~~. profih. ipw~ ~nd r~wnw~ tMrw/. (rwn wAaho~wr sowc• de+iwd: ~nd Mwreupon it is haeby •,pes~h coven~nud ~nd aprNd -
~M~ tM caxt ~A+11 fwMwitA ~ppoin~ • r~c~~va oi s~id inwtq~p~d poper~y. ~11 and sinqular. ~nd of such ~~n~s. incan~~. pofib, iiaw~ end r~wnw ~Mr~oi. (~oT
whalsowM ~owc~ dNived. wilh tM wwl pow~n a+d duti~s of rec~iven in lik~ uses: ~ix! such ~ppo ~t~n1 tlutt b~ m~d~ by such cow~ • nutt~. o} txic~ ~:91+1
ro tM Monpaq~a, it~ ~ucc~s~ub leq~l rprKenativM a ~?ilpns. and withovt r~f~reoc~ a tM adp~acy or inadpwcy of ~M v~lw of tM pop~ny Mreby ~noreq~qed,
or ro tM wlv~ncy or inwl.r~ncy o( ~M Mortp~pw. ~+d M+t s~cA rem, polib. inco~. iuvy +nd nwnws sMll b~ ~ppli~d by i~cA r~ceivN to tM p~yinen~ of tM
mwtpa~ ind~b~dnes~. cosb ~nd ch+rtw, ~ccadu+p to tl+~ adw of avth covrt. -
10. H~ conwy~ aAould b~ ~d~ bY tM Mor~ppw of M» pem;~s Au~in deuribed. or ~nY wn therwf. withar~ th~ writ»n cons~n~ o/ tM Matp~q». ~nd `
witho~A ~~iwnpfion in rpul~r law of I~w by tM Q/MtN of tM oblipation ro th• Mor?p~pe~ a~Hed by s~id paniawry ~oN u+d Mis nanp+p~. ~Mn, w~d in tM1
rwn~, w~d H~M op~ion of ~M Maty~qN. ~nd witho~~ notK~. dl swns of moMy stc~red hKSby Ja11 in~di~?~y ~rd concurnntly wi~6 sucA conv~ywa~ b~can~
du~ ~nd p~Yabl~ ~nd in d~i~ult.
11. TMt in 1M event tM prtmisea lweby nwrtp~p~d. a~~y put tMrwl. ahall M condr/nn~d ~nd uk~n for publ:c vN w~der fM powN of Mninent danain,
~M Nlortp~yN slull Mw tM ~iqh~ to d~~nd that dl dWnaqe~ ~wxd~d tw eM t~k3rq of a d~~y~s ro uid pNnisM ~lyll b~ p~id ~o tM Marq~y» ~p ro Me ~+nr
rMn una.id on ~s ~nore9.9. .nd a~ M. opran of ~h. Mor~p.~ nwr b. wal:.d uC~ tlr WYm~nb (uf WYabN ~M..on.
12. Th~ mortp~pw binds hi~ns~lf not ro~rM o~ ptnnit ~o A~ ~+~ct~d ~ny n~w build~n9s on tM pNnisM Mr~in mwt~q~d or ro add ro a perinit b b~ ~dded '
ro ~Mr o1 tM •a~~ttnp impow~nents rMnon w mab aiy ch~ny~s w d~er~tions in aaid i.~pov~m~nh which m~taidlp cMnp~ N» aae» w ~he us~ ~Mreof, w~thout
rM witt~n cons~n~ of ~A~ Mw~qsqe~, and in tM ~vent of ~nv vio4tGon w~neenot ~o v~ol~t~ ~Ai~ i~~put~tion this ~nortp~y~ and alt au/ns secwed h~~by sh~ll :m- ,
m~diaay b~com~ dw and cdl~cr~bt~ ~t tM opYan of ~M Mor~paq».
13. 1~ is swcti~cdly ~pr~d tMt ti~ is of tht qsa+t~ o! 1hi~ cw~nx~ ~nd that no waive~ of anr oA•~y+Non lurwnder a of tM obGqar~o~ s~n,rcd Ae.~by shsll ~t any
tirr» b~ held to b~ • w~i.rK of tM t~rms hareof w of ~M inatr~menf aecw~d Ae~~Ey.
lI. If ta~closw~ pocNd:n9s of any s~cond morfq~q~ w s~cond trvar d~~d or ~ny jun~a I~en oi anr t~nd should b~ imtit~e~d, fM Mo.~yszee m~v. N in oprion,
~mm~dia»ly w tha~~frer decl~r~ tAi~ ma~ysp~ snd ~M ~nd~bt~~ i~cwed Mr~by dw and wr~a~ forMwith. and m~y at ia opnon p-oceed to forectoae ~h~•
mortp~p~- ~
13. To th~ e:Hnt of tM ind~budn~as of tM Mon9ayor b t1w Mwtq~qe~ d~scnbed here7n a secured hv~by rM Matqape~ i~ Ae.eby subroqat~d ro rAe t:en w
liens and b tM riqhb of tM ownas and holdaa thereof of e~cA ~nd we~y mwtq~ge lien p o~Mr incwnh•~nc~ a~ t!M Ir+d d~saiMd Aerein w}uch i~ p~id ~nd/or
~afiafi~d in whol~ or in pirt out oi th~ proceeds of tM lo~n dtatrib~d l+er~in o~ secured he~ebr. and 1h~ rtspsctive liens of ssid inorlys9es. t~ena d other ~r+cumbra~tes ~
ihatl b~ and tlw. urr.~ ~nd ~ach of ~hem Ae?eby is peurved snd shill pass to ~nd b~ h~ld by M» Mwtpaqe~ Mr~in as aecwity fa tl» i.~deb~dness to ~h~ Nbn~pe~
here;n describ~d a he~eby secwed, fo tM sam~ eat~m that it would haw been we~crv~d and would Aaw ~een Wsu~ to ~nd bcen held by ~M AAwtp~gN had it been ~
duly ~nd re9vl~rN su~qned, h~naftrr~d, s~t over ind del~ve~~d w~ro tM Mortgayee by separ~~e de~d of aaaiynm~nt notwitAst~ndiny tM /xt tFw? th~ a+~nt may be s
~ai~sf~ed and unc~tl~ of r~cwd. i~ be~nq fA~ inur,~~on of N» wr~~.s Aerero tAa~ the sa~m w~ll be sat~sl~ed ~nd canc~lled of r~cad Sy ~Ae holders ~Aersot ar or abou~
th~ tirer of fM recwd~ny o( th~s mor~pa~. '
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16. To pay al~ a~d s~nqula~ ~he costt, cha~ges and eapenses. ~ncl„dmq Iswrer's ~ltS. ~t~fG/+1D~y ~.~c~rred w p+~d a~ s~r ~~~*e by rhe Morrqagee. beca~se of ~he `
'a ~.~~e oi r1,e Moreqagor to perfo.m, complr wifh and ab~de Ey exh and e.e~y d+e fnpulanons, aqrctmems. tond~uons, and co.enants ol sa~d p.om~sswy no!e and ~hn ~
aeed o. e~rhe., and every such p~ymenfs sh~ll bea. :ntern~ from daTe H the ~are pror~ded ~n sa~d o~om~ssory eo~e
17. Wh~n ~ny ~rnount oF momy to b~ p~id by fM Mortp~yw to th~ Mwt9~yN ~rnde. MK te~ms hereof sMll b~ in def~ult, or should tM Mw~qayor defwlt 7n
any. of th~ otMr te~ms, pwisio~s or cond~ti«u o} this Mor~yaye, then and in thae cas~ the Mort9ape~ sha11 Mw tM riyAt, witho~rt not~ce ~o the Mort9~9or. to
coltect u+d rece~w fran ~ny fenant w I~sse~ of uid mw~yaqed pre,n~s~s ~M re~b, iswes ~nd profih of tM rssl esf~~~ he.eby nwrtgaped ~nd rh~ ~rnprwcmenp
nc~reon, and to 9ivt prope~ receipts ud xpuittu~cp therefw, ~nd sfter p~yitp all commissiwu of ~ny re~t~l ~qee~t coll~tiinq tM s~~ne. ~nd any rtua+sbl~ ~tbrney's ~
fees and otMr nec~ss~ry up~ns~s incwred in collMirg s~m~, to sppFy the woceeds o( svch collectian ~pon ~ny inde~e~dness. oblig~tion or liability, of tAe
AMrtq~yw hereunde~. TM ri9h1 qr~nled tM lYbrly~ye~ undt~ this p+ryr~pA shall b~ in ~dd~tion to, ~rtd shall not limit a rqtrict, any otAe~ riqht p r:qhb qrsnled
rhs Mortp~gN in tAis Mwsp~q~.
18. IF tM Mar~pors a~ the t~.n~ of rnikiny this Mortyp~ a subsequ~nt nc~~~ro ~ak• out 1~1a insw~nc~ desiy~utioq ~tM Mortq~ge~ herein ~s beneficiuy with a s
~ cempanY appoved Dy th~ Morty~pN a ~asiqen policies to /M Mwlq~ge~ (or the purpose o! secwi~p tM mortyap~ Iw~ hereby tecwed, then tM Mwtq~ye~ aAall ~
~ have th~ ~iyAt to p~r sny pein:u~n xcruinq under said policies, and all s~ms so eapended shall b~ sdded ~o u~d b~can~ • P..~ of rh. w~nc~wl indebtedrnss secwed
C by thi~ Mortp~p~ ~nd sh~ll be paid bp tM Mwtyayw to ~M Mortpaqee in twelw eqwl consecv~ive monMly insullmtnp. IM fint ma~lhFp insta~lment fo b~ paid ~s •
~ par? of end in ~ddition 1o the mairhly p~yrrrnt dw vnder this Mort9ape in tM first plenda. monfh folbwinq tM ~ipendirq of said fur. Such svms so eapendtd
~o bear ~merest st tM r~te s~ whah intNH1 is Wvsb1~ ~pon said pincip~l indeb~eMcsa and fM Len of this Morty~qe shall eatend ro ~nd secw~ the sums so capended ,
~ rogether with IIIIHtlt ~hereon as heranbe(a~ povidd.
~ 19. Thof toyeMer witA ond iw addition to tb~ .o~?I~r ~r.~e~~ of principal und interest poroWe under Ihe Mr~s o( N~e wote secvred herebp, Mortgagor
~ sholl pay ro Mwtyop~e eac6 wwnM uwtil soid nole is fullr paid, onrwelfth (1 /12) of o sow pual to the onnual prewiw~ due for fir~, eatended covero~e,
~ ond othcr Iw:ord insuronc~ coveriny tlM swtpoped propertp, plus toaea ond osseassenh nexl due ow ~he ww~poped prop~rtp (dl os esti~oted bp Mo?t9ogee)
!ess all suws olrwdr poid ther~fw, ond M b~ di~idcd by ti~e nuwbe~ oF ~ont6s b elaps~ prior w 11r da1~ v~Mw wci~ bces and osseasw~enls sAdl become
~ delinqveet. Soid suws shdl b~ 6eld bp Morlyope~ ie nuit or vedited to tAe principol of tAc loon. ?o pap wid iwswo~u, b:es, ond oueas~ents ond sholl .
be applied on the popwent tMreoi when due. Mr eac~u held in husf by Morfyopee whcn soid loon is poid iw !dl slwll be poid M/Mort9apor, or his
auigns, o~ persono! r~presentotires. In the ennt of a default w fweclosure. soid wss held in trust ~wp be opplied ow aer cosh ol dowo~es wstoined in
connection with the cdlMion of /be note sec~rcd herebr wheMer br svit, (o~edosvrs, w otAenriu- Mwtyoge~ ~wp frow 6we ro tiine ot ih option ~oire, •
and after onr wcl~ ~roiver, reinstate onr or dl pro~isioas hereof requiring sucb deposifs, by notice to Mortyo~or iw Nritiwy. Wl~i{e onr such woiver is in
effect, Mortqopor sholl poy foies, ossesseenh ond insuronce premiums as herein tlsewMere prnrided.
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~ IN WITNESS W~IEREOF, tM said Mortqayw herwnro s~ta his h~nd ~nd s~~l this th~ E~y ~nd Y~ f'u~t abov~ writt~n.
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