HomeMy WebLinkAbout1851 7. If ~r ol ~M sww~ o! ewn~y Mr~in r~fkr~d b b~ wo1 O~~Otly ~nd firlN wid wiMi~ NwrtY (~0) d~v~ n~at ~t~M ~M aanw s~wr~lly Mco~w~ d.~ snd wv~bl~,
w if ~~d+ w~d ~wry tM ~~ipub~~au. +9rNnwnt~. cond~iora. and cov~n~nn d~wd wani~swr now ~nd M+~ m«tpa~. w~~rh~.. a~~ na duh o~a~d. carol~~d
wiM a+d ~bid~d pY. ~M ~99~~Wq swn mtneion~d in uid wanis~aY ~wN aMll Oecan~ du~ and wY~EN /aMwi~A w ~M.NhM NN oc~iow ol Nw Morey~q».
u hrlly ~nd cowwbNN p if Hid pp~p~h ~wn of ewmy w~~ aiyin~lly ~Gpul~t~d w E~ p+id on sucA day. ~ny~Ainp in u~d pan~~sory na~ a Mrtin a ~M
con~rwy notwitMNndinp.
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e. io delivK b s~id Morlyaq~. on a A~/w~ MucA ISM ol ~acA YfM. t~a ncwWs wid~ncJnp~ ol lll ~iwwilly impowd t~aa fa ~M qa~d~np
uNndw yw. W d~liwr a uid Mo.~9aqM, fKfiptf ~~id~ndnp tM p~Y~~ o! dl li~n~ (a pvE1K i~pov~nwnh wi~hin nin~~y (90I days a(~N ~M s~~ Jwll b~co~
dw ~nd WY+OM. w~d ro WY a di~cMrp~ wiMin oiMM (90) d~r~ ~fNr dw d~N. ~nY ~nd atl qover~ntal Iwi~s tMt may b~ nMd~ on Nh ~nort9+9~d P~~tY. j
on tAif mulaq~ a noN. w In ~ny otM~ w~y r~suhieq ?raw t!w Mwt~p~ ind~be~d~u s~eur~d by this mwtq~yr: u~d il Mi~ eondi~an b~ not eompG~d wiM ~nd pa-
fa~d. Nid ~na~9+9~ T+Y WY ~~A ~um a aw+a whicA ~Aall atan~ pu~ of ~A~ d~b~ ~~cwed by ~his ~na~y~q~. u~d sh~ll h~r in~Na~ a~ ~M r~N o} fia pN c~nt.
IA%) w? wwr~, wY~b4 ~enw-~nnwlly uMil p~id a s~~d Monq~y» ~y ~bc~ MH u:d mor~9ap~ d~M rhN~upon b~can~ dw ~nd o+r~bl~ IwMw~N~.
9. 1~ t~ iwthr. eo+rMnad ~ prNd Mr w~d pu~ih tM~ ~n ~M wMt ol • ~vit bNny iest~~u~~d ~o f«a1o~~ tAis ~norep~y~. ~M Matp~p~ ~MII E~ ~n~iN~d a
apph ~1 ~ny tiay pendino svcA /a~clwur~ suit b/M cowt MvM~y iwud'ictan IANw1 fa t1r ~ppointm~nt of • IK~iWf of ~II a~d sinpulw 1M mo~ty~ped propa~y.
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and ei all tM nnb. incon~, polib. i~iua ~nd r~wrwe~ M~~ol. fran wMtw~vM ~owce daiwd: ~nd tMr~~won it is hw~sy •,pr~ssly coverrnqd and pr~ed 1
~M~ ~M carn alvll fwMw~M ~ppoim • ne~ of wid ~nw~p~p~d pow~b. dl ~nd uequlu. Md oi such .Mh. ~ncon~e~. poiib. iuuy end r~wnw N+Mwf, ~raw
wAano~w saxn dwiwd. wi~A fh~ uswl powaa ~nd d~tip of nc+:v~rs in lik~ usn: and ~uch ~ppo~nt~n~ sMll b~ mad~ by ~~ch co~rt as • m~nN of ~tric~ r~pM
~o M~ Monp~pN. in wcc~wn, Ip~l rpns~m~tivM w~ssipu. ~nd wiMow nhrenc~ ~o M~ ad~qu~cy a in~dpu~cr of M» wlw d tM wop~ny M.eby moreq~p~d.
w to tM ~olwncy a inwlwocy o( N» MoNp~pa. and tMt a~d+ ?~nt, prolib. incoTe. iuw~ ud ~~wnwa ~M11 b~ ~ppli~d by sucA nc~ivN fo tM p~Ymem of ~M
mw~Wp~ ind~Et~dnps, cab w~d chuvu. acwdinp ro tM ad~r o1 sud~ cowt. • `
10. N~ conv~y~ sAoold b~ nud~ Ey tM Morty~pa? of N» p~~aw Mr~in dacrib~d. w~ny w~t f1~~o/. w~~how tM w+itNn consem of ~M Mafq~p». and ~
wilAoul ~ssmnption in rpular /onw of 4w ey ~M a..nn. of eM obliq~tion to M• JMortp~pN cr~ated by said pomissory noN ~nd N~is nwr~p+q~. t1wn, ~nd in M~1
wrnt. and at tM op~ion of N» Mortyp~~. ~nd wiMpA nofic~. ~II suma of ma»Y s~cw~d Mrebq ~MII inrMd:~Ny ~nd ca+cwnntly wi~A sud~ convty~nc~ b~coiw~ t
du~ ~nd WY~bb ~nd in d~(avh. ;
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11. 7M~ in tM event tM praniiea IweEy narty~yd, w MY pNt IMffOI, sh~tl b~ condeme~d ~nd Nk~n iw puWic ~rs~ w+der tM pow~r of ~numn~ donyin, i
tM Abrtp~p~~ sMll A~w tM riqh~ ro dwMnd Mat ~11 drn~q~s awud~d ior M~ qkinp of w da~a~ ro s«d p~sN ~MII b~ w~d a~M Mwep~y~. ~p ro ~M «~am~
tMn unP+id on N+i~ mor~paq~ w~d N ~M oplion oi tM Mor?q~yca nyy M~ppli~d u0w~ rlr P+Y~+ta las~ payabl~ tMnon. ~
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12. TM mafp~pw b:e~ds himsell nw a~rM a pan~i~ ro M NM~d ~ery r»w puildinqs on ~M p~n~isN Mr~in mort~q~d a ro ~dd ro w pe~mie b E~ added ~
ro uiy ol tM ~aistinp ienprovwn~nes tMr~on a m~k~ ~ny ehanqu a ~hn~tians in ~aFd improv~awnb whid~ nwttri~lly eh~np~ tM s~ w ~M ~ae rMrwf, nntlw~
tM win~n eoro~nt of th~ Matp~. and in 1M ~wnt ot ~ny vio4eion w~nanp~ ro vwol~t~ thi~ stipubtion Mi~ mwtp~y~ and a11 swn~ s~ew~d Mr~by sMlt in? #
m~d'iNdy b~cae~ dw and coll«nbl~ ~t tM oWion o( tM Abrty~y~. -
13. It n w~ciiK~l.y ~qrNd tMl tinw ii o1 ~M es~nc~ of Mis connac~ and tA~~ no wa~ve~ ot any o~!iq~tian Iw~undn w of tM obliyat~on a~cwed he~~by shatl ~ny ~
t~rr» b~ Mid to E~ s waiwr of tM tw~s herwf or of t!» ioanumM~ seax~d Aer~by.
1!. N(w~closw~ proc~nps of anr a~cond mortqap~ a s~cond trvat dMd or ~nY i~n:or li~n oI any k:nd sAould b~ imtituhd, tM Mw~p~tee ~ruy. a~ in opi~on, y
Immediatdy a tAwNfter d~cl~r~ this mw~pap~ ~nd tl~ indebpdnsas s~cwed MnDy dw ~nd p~r~pt~ iathwid+. ~nd ~nay ~t ip op~~on p-oc~ed ro toncloa~ ~h~~ i
rtwrep~y~.
13. To th~ ~:h~+t of ~M ind~W~i~ of ~he Mwtp~yw a M~ Monp~yN deauibed herein w secur~d Aereby ~M Mortq~qc~ y Mreby svb.oq~t~d to rAe tieo w
I~ms u~d fo IM riphts of tM own~rs ~nd holden th~rwf oi e~ch and ~wry ina~q~pe lien or aMr incwnbr~nc~ on tM I~nd d~saibed Mrein which is Wid ~nd/a
a~tisfi~d in whot~ w in part out of th~ pocesd~ of tM loan describtd herei~ a s~cured hKeby, and N~ reap~cti~re liens of s~id mar?y~qes, liee~s a othsr ~~cu~.br~ercea
sMll p~ and th~. sair.~ and ~ach d tMm hacby ia pr~aerv~d and shafl pass ro~nd b~ AeW by Me Monp~ye~ lw~in u~~cwily for tM indeW~dness ~o ~M 1Nw~p~pK
her~in descriMd a hereby secwed, ro ~M same e,renr ~hat it wwrld Mw been p~se+wd s~+d wovtd have been p~~ud b and been htld by ~M Mor~q~q~ Md it been
d~ly and ~eyvl~rly s»iprHd, narof~rr~d. ~t ovq and dtl~wr~d ~.n~o tM Matq~yee by spuae~ de~d of ~ssiqrunent noew~ehft~ndinq tM fxt M~t tM sam~ may be
ueiafud ~nd c~ncNled of r~cord. i~ beinq t!K u~ten~~on of th~ puues.herero ehaf ~h~ aam~ will b~ suiafied and cancdl~d of recad by ~he Aotders thereo/ p ~bw,~
tM tim~ of M~ r~cwdinq of this mwf9ape.
16. To pay all and vngula~ rhe cosrs. charges and e.pe~ses. ~nclud~nq lawyer's fKS. reasonably ~nco.red o. pa~d ar any t.me br ~he Mwrqaqce, be[ause o~ M+e
~+'.~~e of ehe Mwrqaqor to pe.fwm. comply w~rA and ~b~de ~y exA ~nd evmy the s~~pulaf~ons. ~yfeements. condn~oos. and covenams ol s~~d prom~sswy no~e and ~h~s E
aeed w afi+e~. and e~e.y suc~ wyme~ea sM11 bear ~meresr Iro.n da~e at ~he ~a~e aov,ded m aa~d prom~ssay nore.
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17. Wl+~n any ~maint of narry to M paid by Ilr /Nor~p~yot M tM AAottq~qe~ under tlw t~rms hweo/ slyll b~ in de(~uN, w ahouid tM Abrt
ps9or de(~ult in
any of tM odw tavrns, provi~ions a conditioru of this AAort~y~, ~Mn ~nd in ~AU cas~ tl~e Mort9aye~ ahall l+~w tM riqht, wirM~~ not~ce to the Mort9ayw. ro '
co11M u~d rateiw frpn ~ny teeynt a IessN of s~id narlq~y~d pernises IIN ren4, iuuef snd ofih of fA~ rul estaN htr
w ~by rnortq~ped ~r~d rM improvemmb
thereon, snd p 9iv~ popN ractipts uid acqvinances ther~for, ~nd afew payinq all comnisa:ona of any renpl ~qent colktlirq tM sarn~, ~nd any reason~bM ~ttwn~y's
fe~s and oMw nec~as~ry t=pKO~a incuned in coll~tting ~am~. ro apply tM procccds of s~ch collectian ~rpon any indeblednet~, obli9ation w liabiliry. of tM ~
Morrq~~or hereund~r. Th~ riyht qr~nted tFM Mortyaye~ u~de? fhis pirpr~ph sMll 6~ :n add~f~oe to. ~nd sMll na limit or r~strid, a~y o~he? riyhe or riyAh qr~nfed ~
~h~ Mortp~yN in Mis Abrtp~pt. ~
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18. If ~M INorty~9ors a~ the um~ of nukinp this Mwryay~ a subsepwnt ~hcre~o tak~ ovt Ilh inwnnc~ deat ti tM Abr~
corr.pan ~ppoved by 1M Mort ~^9 9+9M ~ei~ ~s btnefici~ry with a I
Y y+~ or aaiqro ppI~CIH to th~ Mat~qN iw th~ pwpose oi sccuriny tM mortq~q~ Iwn hereby sec~red, thtn th~ INortq~yee ahall j
' h~ve tM r:qht b paY anY pemiwn ~ccr~irq ~rnd~r said policies. ~nd all swns so eapended shall bt ~dd~d ?o ~nd Mcorn~ • pwt of tM princip~l indebtediwss secured 1
j by Mis Mwp.q. .nd ah~l1 b. w~d tM Mwt
f by q~por ro th~ Mortq~qee in twelw epwl consec~tive monMly insbllmenb, th~ (int rnonthly insqtl~nt to b~ paid ~s a
~ part o( end in ~ddition to tM mp~thly paynynr d~r~ under this Maty~qe in tht first ukndar ma~th fol{owieq tM eapn+deq of said s~xn. S~rch svma w t:pended
~ to besr ~me~est at tM r~te a~ which interest is Wyabl~ upon s~id P.~rrc~P,~ ind~btedness u~d tM lien ot tMia Mort~y~ ahsll eaknd ro and s~c~re the suma so eapended
~ royNher wi~A inferat ~Fwreon ~s Aerae~efa~ p?~vidd- .
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19. Thot fo~sther witA ond ie oddition b the ~onthlr popaent of principd and interest payaWt und~r t6e ler~s o( N~e eote secv~ed hereby. Mwtsogor
shall por fo Mertya~~ eocb aonM unN said nob is fullp poid, one-heNth (1 /12) of o w~ p~ 1o tAe mnvd preww~ dve (or lire, e:tended cove~ope.
ond other 6o:ord insuronc~ w~ering tlk wuf~o~~d'~uop~rry, plus loaes owd as~eue~ls neat dw ow th~
wo~tyop~d propeA~r (dl as estiiwoted bp Mo~tgogee) :
less oll w~s olr~ody poid MereFw, ond ~o b~ divided br tlk nusber o( ~onfhs ~o elops~ prior M tb~ date vrl~ wc6 lo~ees ond oss~as~nts sAdl becowe ~
delinqwn?. Soid srwn sholl b~ held bp Morfyope~ ia tnrst or aedited b Me prindpd of tlw loon, b pop sad i~swonu, toa~s, and ouessw~eh and alwfl ~
ba opplied ow N~t pap~wt t4e~~of wMn dw. Mr e~uss held ie trrst bp Mortpap~e when wid bon is poid is fYl) sholl be poid to AAoAyopw, or 6is ;
ai:igns. or pe~wnd rep?esenlMires_ In tAe e~ent ~i( o de(oult or fo~edowre, suid wss beld in trust ~wp be opplied oa wr cosh of du~opes wsroined in
connectiow ~riM tM cdlacfion of t6e noee secvred herebp +AeN~cr br wit, fwedosure, w oN~erwise_ JNortyopce ~wp how ti~e b tiw ot i1s option ~roi~e. ~
and ofter anr wch raiver, reinsfoM ony o? oq p~ovisions hereo( rpuirin~ svcl~ deposifs, bp no~ice to Mort9apw iw wrifiwy. Whle anr sucA wairer is in ~
ef(ect. Mortyopor s6u11 pop ta~ees, ossesswenri and insvronce pre~wiuss os hercin dsewhere pre~ided. ~
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IN WITNESS W'IEREOF, tM s~id Mortp~yw henuna aN~ hit Ar~d ~nd s~d Mii tM dnr ~nd yw finf ~bo~ wriM~n. ;
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S:qr+ed, seal~d Md delivered _ . _ (SEAI) i
~ a~~. - -n ~anega ;
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~/--i~E%Z~-4-- . (s~w~) '
~ Esther Danega ;
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