HomeMy WebLinkAbout1680 e. To p~?tan~, camply w~~A ~nd abid~ by ~nd wMr aipu4~~ons, p~NmMt~. cond~~~«u ~nd cov~e~nb iw ~~id P~u~+~~taY ~wu ~nd dMd iwM.
7. 11 ~ny of tM ~u~ ef n~on~y I+u•~n nh+r.d ro b~ na paro~b «~d ~u~h wid wi~Ain Mirry (~p) d~ys n~al ~ftN M~ um~ ?~w~~lly Mcarr d:N ud p~y~bl~.
p if ~cA Md ~wry ~IN ~Iipulalioey. pr~mnH. cond~tioru. w~d cownuus d~~id poin~aory noN ~nd ~hi~ mor~p~p~. q•itAr. ~n ew~ d~ly pMfw~d. co~npl~~d
wi~A ~nd ssid~d by. ~M ~yqrp~q surn m~nnon~d in ~~~d pani?wry noN ~h+ll b~coRw dw aad wr~bN fatAwiM a tMr~~l~~r tM option of ~M Ma~p~pN.
~s f~llp ~nd conwbqly u i} ~~id ~yp~pH~ ~ww ol rnawr w~~ ai9in~lly Nipulp~d ro b~ w~d on s~+cA d~Y. ~nYMinp ie ~~id pan~~tiwy ~a~ a Mr~in w 1M
contrary notwitlu4ndinp.
To d~1:vN ro wtd Mw~yayN. on w b~fw~ 1W~ch 1S~A o! ~xA Y~u. p¦ ~ec~ip~~ widencinq Nr p~r~n~ 01 ~11 lawfully impos~d 4,a iw Nw pnc~d~nq
ul«+du r~u. ~o deliwr ~o s~~d Ma~q~pe~, r~t~ipN wid~nccnp tM wr~nt of ~11 ti~ns tor Puelie :~np.o.~~ernK w~tAin niewhr f901 dav~ ~I~M tM ~MII Eaoww
dw w~d D+risb. ~nd b paY o? diuAup~ wiMin eiM~Y (90) d~ri ~ftM dw d~b. ~ny ~nd atl qov~rnm~n~~l I~via tM~ T+y b~ ewd~ on ~M rnw~9~y~d Y~~tY.
on M~i~ mortp~q~ or no». w ie w~y otAw w~y ruut~~nq fro~ N» Morep~q~ iod~pMdn~s~ a~cw~d Ay ~his rnw~p~y~: ~nd ii tAis cond~tton b~ nw eonpli~d w~~A u~d per-
}am~d, ~aid ina~p~pN ~Y WY sucA sww a awes whicA ~MII b~co~ puf ol M• d~W s~cw~d by ~Ais rror~p~q~. ~nd sMll beM infNw~ N ~M r~?~ ol ~iY pN cM~.
l0%) v« a+~w~. wr•b~~ s~mi•~nnu~lly untii p~W a s~id Mortp~pN ~naY ~IM th~~ ~~id morf~p~ deb tAN~upon Mco~ dw ~nd P+Y~W~ /aMwitA.
9. It i~ fwehr. co+en~m~d and pre~d by u~d pu~i~s ~hH in tM w~m e1 a wit M~nq inu~w~~d ro fw~cloi~ ~Ais ~non~q~. tM Abrepayw ahall b~ ~n~itbd ~o
WON ~t ~ny tirn~ a~~^0 ~uch }onclosw~ ~ui~ to th~ cowt Mvin9 iwudic~~an M~reof fa ~M Woo~mme~~ ol • nc~ive~ oi ~11 ~nd unp~lu N» mwtW9~ P~~hl.
~nd of ~11 tM r~nt~. inean~~. p?ofiH, i~~un u~d tw~ew~s tM~wf. iran wMno~vtr sowu dKiv~d: ud ~Mr~~~pon is Mr~Ey ~,pr~ssly eownanr~d and prNd
tM~ tM caurt sMll IwlAwilh ~ppoiM ~ rK~ivN oi uid inwtq~y~d w~~~Y. +11 ~nd ~ie.q~rbr. ~nd of such r~np, iaww~~. po(its, ii~ve~ snd rwenw ~Mr~of, frwn
wrMuww? wwn daivid. wi~h fM u~wl powws ~nd duti~s of r~ceiven in lik~ c~s~s: ~nd ~~ch ~ppo nt~~ Jull b~ en~d~ Ay ~uch cow~ as • inat?e. o( ~xict ~ipAl
q ~M AAonp~pN, it~ ~ucc~sfati ~ey+l np~nutivN a~» tyru. and wiMou~ ~efxenn ro tM ~d~qu~cy or in~d~puacy o! ~M vdw o1 tM w~M ?~~Mr mw~9+9~d.
a ro ~M wlwncy w insolv~ncy of tM Mortp~pw. ~nd M+~ s~ch ~em. pdib, income. isa~~ u~d r~wmr~a ah~ll b~ ~ppli~d by ~ucA r~aiwr to tM p~yinent oi Ma
eartpap~ ind~bNdnsss, cwn ~nd chuyw. accadin9 a th~ adK oi tuch cowt.
10. If a conv~y~ sAould E~ nwd~ Sy tM Mwropw of N» pem~Na Mnin dexribed, o~ any p~rt tM?wf. witAo~rt Mv vv:ittin conun~ oi ~M Mor~p~p». anA
withaA aswnP~~on iw rpu4? Iara o1 4w Ey tM pr~nee~ o( tM oblip~tion b ~h• Morp~pe~ cr~Ned bY said waniisory ~wt~ M+d fAi~ ~nort9+9~. ~A~n. ~nd in tM~
~wnr. ~nd ~I the option of tM Mor~,HpN. snd withoM not~ce. ~tl ~wm of momr secwed hereby s!»II imm~di~tdy and concwnnty w:M ~ucA convey~nc~ b~can~
du~ ~nd WY~bI~ ~nd in d~iwh.
11. TAa~ in tM event tM pr~en~~~s h~r~by mwtpap~d. «~nY ps?t fMrwf, sA~ll b~ condeenn~d ~nd uk~n fw publie w~ w~de~ ~M pow~r of aniMm dom~~n,
eh~ MatqaqN ~fiall Mw tM riqAt a d~nand M~t all d~naqa aw~rd~d fw ~M akinq ol w d+~y.s a a«d a«n~.~s .A+11 b~ pa~d a N» Mon~qw up ro rM ~maM~
M~n ~~id on thia nany~q~ w~d ~t ~M option of tlw Mo.tq~pN nwy b~ ppli~d uoon ~M wr~?+ I~s~ p~y~bN ~Mna+.
14. TM nanq~pw b+nds himsell no~ w erKt a pKmit ro b~ er~ct~d any mw bu~ld~r+qs on. tM p~Nnisa Mr~+n inor~q~p~d w ro~dd ~o a pe~~n~t b E~ ~dded
ro~rry of 1M ~aistinp ienprov~nb tMtwn w eeyk~ ~ny ch~+p~~ o? Nler~tionf in uid ir.wrove~nh wh~tA m~le~iatlp elw~q~ IM u~ne or tM us~ MKwf, w~thoul
tM writtM cons«+f ot tM Monp~Qe~. snd in tM ~wm o( ~nY vidation a~nemP~ ro v~olar~ this ~tipul~tian this mortp~y~ ~nd ~II sums secw~d Mre~y s1r11 i,n-
m~d~Nely beconr dw ~ed coll~cnbl~ Nw opYan o( tM Mutp~pN-
13. It is ~p~cif~ully ~yNd tMt tien~ is of ~M ess~nc~ o( Mia tontr~c~ ~nd tM~ no wa7ver o/ sny ob'iq~uon Mrwnder or of tA~ obl~p~rion s~cwed her~bv shall a~ any
tim~ b~ Mld ro b~ ~ w~iver ot tM tsrna herwi w of tM inatrwnen~ secwtd her~by.
1!. 1/ iw~closw~ pocNdnq~ o! ~ny s~cond mwfp~q~ w s~cond tr~st d~~d o~ any junio? lien of any kind sl+ouW M iroN~ut~d. tM Monpay~ee rn~y. N ih op~ion,
~mnrdi~~~ly q IANNNN declu~ ~h~s rnor~q~p~ ud ~M ind~Dadmas s~arr~d Mrtby dw ~nd WvsEt~ forrhwi~h, ~nd emy ~t ita op~~on Drockd to iaaclose th~~
mortp~y~.
13. To tM ~ahnt of tM ind~bediwis of ~M Mortp~yw ro tM Mutq~qe~ dnu~bed her~in a secured her~by d+~ Matp~pc~ is h~rcby s~broy~t~d ~o rAe Gen w
liuu ~nd p Ih~ riyhn of the owewrs and holden thereo! of e~ch and ewry mortgays lien w otMr incwnbr~nc~ ors ~M I~nd dtx~ip~d hertie which is wid .nd/a
a~tisfi~d in wAob w in parf out of Mw pueed~ of tM toan describ~d Ae~~in p s~cured hKeby, u~d Me rtspetfiw liens of s~id mortp~ycs, liens w other ~ncumbances
~hall E~ and N». san:~ and Nch of tMen Aereby is peserved and ahall p~ss ~o •nd b~ Mld by tM Mor~y+9n Mr~in is secwi~y fw M~ indsb~~dness to th~ Mw~q+pea
Asrein describ~d w hercbp ~ac~red. to tM saen~ eat~nf that it woutd h~w been p~served ~nd woutd Aave been paase~ ro and been Add by tM Mortpaye~ h~d it been
d~N +~d rpu4?!Y +i~ipned, tnns/K~~d, sa over ~nd det~.r~r~d .in+o ~M Mor~qa9ee by s~p~rne dnd of ass~qnm~r,t norw~tAst~~d;np th~ fx~ ~M~ ~M isme m~y be
s~tisf~ed ~nd unc~lled oi r~cad, it beieq the infent~on of tM p+rt~es here~o that ehe s~mt w~ll be satis(ied and cantelled of recad Dy ~he Aol~ert tMreof a~ w ~bout
tM ~ien~ of ?M recordiny o1 Mn mo~tqay~.
16. To par and smgola• ~he cos~s, charges and e.ptnses. ~nc~ud.nq lawyer's ~ees, reasonably ~ncorred a pa~d a~ s~r ~~~^e br ~~e Ma~9agce. because of ehe
fa-:~r~ o~ ~~e Mpegago• to pe~form, canply wuh and ab~de by exh and every d~e s~~w,latro~s, ~q.eemenrs. condn~ons. and covenants of sa.d pom.seo~y no~e +nd M.s
dee0 0. e~rher, and every such payments sha~l bea. ~nrrres~ /.om dare st the rau pror.ded m sa~d p.omnsay noro.
17. VYA~n anY ~mw+nt of moeNy ro b~ paed by tM Abrtp~qw b 1M MortyaqN vnda the tams Mreof shsll b~ in def~uB, a sha,id tM Morfy~pw dei~uh ~n
any of the other t~nns, provisiorq or conditian of this N1w~y~ye, then and in thae cas~ tAe Mwtyaye~ sh~ll Mr~ th~ riqAt, witho~t no~~c~ to the Mwtyayor. ~o
cotkct u~d rectiw irwn ~ny lenant or lesse~ o( s~id mortpaped pranius tM r~nh, itsues ~nd p~of~n of tM rNl estat~ hereby mwtqsysd ~nd tM ~mprovemenq
fAereon. ~nd b 9~w poper fKfipff ~fd acO~inancq therefor. ~nd after payinq alt comm~ss~ons of My renql ~yenl colkctinq tM s~ms. ~nd sny reasonabt~ ~ttuneY i
fees and oN+w neceasuy ~ip~nsn incwred in colhct:nq ume, to ~pply t!u poceeds o1 s~ch collec~ions upon anY indrbt~dnesa, obl~yation or li~bil~ty, of tA~
Morty~qor hereunder. Th~ riyAt q~anted the Mwtyay~~ under this pa~pnph sha 11 b~ in add~twn to. ~nd shall not liinit a restrict, ~ny other riyht a nqhq qr~n~cd
eh~ Mptp~ye~ in Mis Morty~p~.
i 18. If tM Mortyayws ~t ~he tim~ of mskinq this Mor?pp~ a svbs~qu~nt tAcrHO t~k~ ovt li/e inswaoc~ deai
qnatiny tM Mor~qaye~ herein n ber+eficiary wi~h a
wmp~nY ~ppoved ~y th~ Morfq~qe~ or assiqro policiss to th~ Mwtq~ye~ iw th• pwpos~ of secwing tM mwtq~pt Iwn herebY sa~red. then tM Mwtq~pet aMll
~ Aave tM riyAt ro p~Y a~ryr premiwn accrvinq ~nd~r s~id policiet, and ~11 svms so espended shall b~ ~dded to r+d b~can~ • p~rt of tM princip~l indeb~edn~fs secwed
i
i by this Mwtysq~ and sAall be p~id bp tM Mwtq~qw ~o ~M Mw~qayee in twetw eQwl consecu~ive monthly insbllm~nb. ~M tint monMly ins4~lm~nt to M paid.as a
~ p1rt Of end in ~ddition fo tM monMly paym~nt dw u~nder this Mor~y~q~ in fM fint c~kndar momh follow~nq tM tape~dinq of said s~m. Such sums w eapended
y fo bea~ ~mNest st tM rate st which intpest is Wy~bl~ ~rpon said pinciwl indeEtedness and tM lien o! tMis Mor~yaye ahall eatend ro ~nd sec~re the sums so e~peeded
~ +ogeMer wi~A inte~yt ~herwn p hsranb~fa~ p~vid~d.
6 19. Tlwt Myether wifh oad in addition b fh~ .o~+~r Por~e~r of principol and interest poyable und~r the ter~s of tht noM secured 6erebp, Mortgagor
ahdl pup 1o Mortyopee eoch wonth uwtd wid note is fullp poid, one-hrdith (1 /12) of o w~ pool M H~e anawl presivwi dve for Fire, eatended coveroye,
and oMer ho:ord iasuranu coverin9 tl~ wortyoped properryr, plvs tuaes ond ossesssenb ~eat dw w the ww?tyop~d properlp (dl as e~tiwoted bp Nbrtyogee)
less oll wws olrwdr poid fbereiw, ond to b~ d'wided bp N~e nua~ber ol ~ontl~s w ebpse prior ro the date wAea s~ roxes ond os+eswents ~holl become
delinquent. Soid s~~s ahdl b~ beld bp Mortqope~ ia tr~sf w aedited b Nm principol of tAe kuw, to pop soid iwwronce. m:s, and aaiess~enb ond shall
bs opplied o~ N~e poYweat tbereof wlKn dw. My ~acess held in nust bp /Ylortyopee wben w:d loon n poid iw f~rll sAoll be poid to Mortpopor, or his
assigss, or petwnd ~ep?esentatives. In Me ewnt of o de(oult or fo~edowre, soid wws held in tnrst sor bt opplied on uwr cosb of dowwyes sustained in
connectioe with th~ tdl~cfioa of Ihe note secvred he?ebr wheN~er br suit, ioredos~rt, or othennise. Morl9ope~ wor Fro~ tiwe ~o ti~e at ib option roive.
and aher onr wch wais~r, reinstafe onr w dl pro~isions bereof requiring s~cA deposils, bp nofice to Morlyopw iw ~rritiwy. While any svch wa~ver is in
effect, Mort~opor s6o11 po~r ta:ts, ossesswenh ond in:uronce prewivnn as herein elsewbere prorided.
IN WITNESS We~ECEOF, tM satd Mwtp~9or I+Kwnro wt~ hi~ Iwd u~d s~d fhis tM day u~d yw fint abov~ writta~.
~
~e
~ ~
~ ~ i / . 1 .
`~r~. S,prted, se~{ed snd delivered ~~L.~'~'r~'~.r.~ W - - - (SEAI)
~ a~M• William D. Walker
Y
~
Delma J Wa ker - _ ~s_n~~
-
i .
. .
,
- - ~ -
_ ~ t .2 ( ~
~ , f r r, ~ ~ ,
' ~x~~ ~ ~
. . . _ .
, ~ ` . BOOM Y~4G ~U~
,
_ . : - .
- _ - -~h: