HomeMy WebLinkAbout2112 7. If ~ny of ~M ~w~r of ~Y hK~in ~~fe~ + b~ nw A~u~w~h +~d fuNy W~d wi+Rin Mirty (JOl Mri ' ~hM ~M ~~vs~~llp Mco.w~ dw ~nd MYab1~,
a N~ad+ w~d ~wry ~M ~tiputu~au. +9~~n~ nd~~iaa. w~d cown~nM el ~ud Www~~+ali noN w~d Ml~ , p+p~. «•~Mw. a~ ~ot duM w~«ewd. cw~wl~ed
wiM ~nd ~bid~d SY. tM pqrpH~ wrn ~Han~d in uid pawisaory noN tMN baonw dw w~d wy~N ~aMwiM a M~r~ale~r ~M qNion ol Nw Ma~9~YN. `
u fvlly ~nd cow~oM~~fr w ii uid a~p~q swn of ~won~y wa oriq~n~lly ~~~pvl~~~d ro M w;d ai ~„ch y. ~tyM~no ie s~id paniuory noh a Mr~~w a N» !
contr~ry notwilMqndin0• :
To d~lN~?• ~O Yid Mqr oh ~~fw~ Mwch 15~A of Nch Y~+?. t~¦ r~ipM wid~ncinq 1M p~Ynwnt of dl I~whilly impo~~d ~~aw ta 1M w~c~dn9 '
uhnd+r~yNr. 1o`~iM~? b uid~A
p~r? ~~t~ipb wida~ccng tM Mr~wn~ of ~11 li~ns Iw vub~ic iI11p10v~nM~lh WiMiN1 f1iM~y (oOI ~Y\ a(w tM sun~ ~MII Mcow» ;
dw .n6 wr•eN. ~nd w p~Y a dixMrq~ witAin n~nNY I90) d~w ~itN dw d~h. ~ny u~d dl qova~n~at I~vi~s Nu~ ~r E~ TaA~ on ~M mw~W9~ wooMM. G
en Mis mor~pap~ o~ noN. w iw ~ny oNwr w~Y r~wlrieq fran Nw Nlor~p+y~ ind~bqdrw~s s~cw~d Ay tAi~ nartp~qr, ~nd il ~hi~ eond~ia+ b~ not eompG~d w~~h ~nd per-
fa~d, uid ~na~p~pM mar WY such ~wn a~ww~ wA~ch ~MII b~conr pu~ ot M~ d~M s~cw~d Ap N~is rnutqaq~. w~d sMll b~a~ ietNNt N tM r~N of ~ia pw c~.
16'X?) p« Mww,m, ar•b?• pnr•aerw~llp until p~W w t~id Mor1~p» ~+Y ~I~et fAal uid enafy~q~ d~b IM~wpon b~ton~ dw M~d WY~~ faMwitA.
9. It is Iw~Mr cownw~qd ~nd +yrMd br uid putie~ ~hH U? Uw ~vM~ oi • wi~ b~ir.y ina~~h+ad W ta~cloN tA~s ~*wtpp~. ~M Ma~p.q.~ aMll b. .nurl~d a ~
~pply snY ti~ p~ndinq ~~d? fanclww• wi~ w tM cowt Mvinp iwi~dict~an MNeol Iw ~M ~ppananem of • r~c~ivM of all and sinp~rlu ~M monp~q~d popNty. ~
and of dl tM r~nq. incorn~~, profih, iuw~ ~nd r~vww~s Nwnoi, /rww wMtw~vt~ souru der~v~d: and tM~~won i~ is Mr~by •aa~s~hl cov~n~m~d and ~p?Nd :
tl:~t tM court sMll lonhw~M appoim • nceiv+~ o( wid matp~q~d poper~y. ~II ~nd sinp~l~?. ud ol sucA nnb. incann. pofia. i~~w~ end r~v~nw tMrwf. Irww '
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wluho~vq wurn daived, wi~h ~M wwl poww? w~d duti~s of nc~iwn in lik~ usn: and such ~ppo nnnent ~hdl M n+~d~ by ~uch cov~~ ~s •~nath~ o} ~Mict riyh~
a ~M AAwtp~pN. i~s ~veeRSa~. lep~l r~P?~?wu~tivM a ~~~~pea. ~nd withaN r~fH~nn a tM ~d~4wetl o~ in~dpu~ey of M» vdw of tM WeW~Y ~~Y ~W~9~4.
a b tM wlwncY or i~soMncY of ~M Ma~qayw. ~nd tMt s~ch r~n~, qofiM. incom~. issws ~nd r~v~nu~a sMll M appli~d by sud+ nc~ivK fo tA~ p~rm~nt of ~M
mwp~p~ ind~bt~dn~s~. cosn ~nd cMrpw, ~ccwdinq a t1» ada of iuch cow1.
10. li ~ conwrw~c~ ~Awtd E~ ~d~ MI ~M MwW~pa of tM w~in~su I+K~in dsw:b~d. o~ ~nr wn tMrw/, viri~hah tM wri~bn consen~ of ~M Morry~yw. M+d ~
witha» ~ssumption in rpu4r faa of 4w by tM 9wneN ol ~M o~lip~tion b M~ ARor~p~qN CfMffd by Nid pawisswy eoN Md M+it iww~~q~. Nwn. ~nd iw Mwt
~v~n~. ~nd N tM opiron o! ~M JIAor~p~pN and rri~AoM notic~. ~11 wnu of nwn~Y s~n+r~d Mrebt~ ~+11 inrn~diaMl~r w~d ca+cwr~nHy w:th sucA conv~Yanc~ Eeconw 1
du~ ~nd pY~bb ~nd in d~/wlt. ~
11. 7Mt in M~ event tM pNnis~s hK~by ~nor~q~p~d. a My part tM~w~. s?~~II b~ conde~d ~nd Nt~n fa puW~c uN w~d~~ tM PewN of «nina+t dan~in, ~
tIw MortpaqN thall Mw Mr riplu ro d~~nd tMt aIl drn~q~s ~w~rd~d ~w ~M ukinq o( a d.~y~a a ss~d w«e~s++ s1++11 b~ p~id ro NK Mwrp.y~ up ro Me uwoun~
then ~~iWid on ~his morfp~y~ ~nd N tM opfion of Ih~ MortpayN m~Y ~~~i~d uD~ tl» p~ym«~b lasl p~y~eN IMr~on. ?
12. iM monp~por b~ndt hims~lf not b~r~ct w purnit ro b~ erM~d antr n~w bo~ld~rp~ on tM p~misp Mr~in mortyp~d w ro ~dd ro or p~rrnit ro M ~dded ~
ro~mr d tM ~ai~ti~p imprownwnh tMr~on a ma4e ~ny eFw+yw a dn~alions in wid i~npov~nrnh whicA nyNrially eMny~ tM saen~ or th~ us~ tMrwf, w~Mout ~
tM w~inM cons~n~ of th~ Mwtp+qe~. and in 1M ewnt of ~ny violqion w ~nernP~ ro v~ol~t~ fhit ~tipul~tion thi~ n~or~p~p~ ~nd all swes fKWlA AMfby sMtl in~
me~~tdy Mcom~ dw +nd cdl~cnbl~ ~f ~M aption o( tM 11Aony~q~. f
1~. 1~ is swcif~c~lly aqrNd tMt ti~ne it of tM qs~nc~ of d+is contrsct ~nd ~M~ no waiver o/ ~nY oG!:qation I~wnd~r a of 1M oWipH:on a~cwed Mrebr s?ull ~ny !
tim~ b~ MW w b~ • w~ivsr of tl» twnu hawf or of NN ~mtrwnent secw~d henby- ~
11. H iw~cbaw~ proc~n9s of ~nY s~cond ~nwtp~q~ w s~cond truar d»d or ~ny jun:a ~i~n oI any kind slwuld E~ instiwt~d. 1M Mortp~qe~ m~Y, a~ iq option. ~
~mm~di~»ly or fM~uhn dsct~re this mor~p~p~ and tM ~nd~Ndnhs secwtd Mr~Mr dw M+d Para~ ~d nwY ao~~ P«Kd to iw~clos~ tA~s
mort9ip~. ~
1S. To tM ~,et~m of ~M ind~bt~~s of tM Monq~qor ro M» Mw~qape~ dncnb~d her~+n a sscwed M.~by ~I+~ Mor~pape~ is hereEy subroq~~ed a rM lien or ~
I~~~s ~nd to Nh riqhq of tM owe»n ~ed Aolden Mtreof of Nch ~nd ~wry ~nortq~ye lien or other incwnbnnc~ an Mr I~nd d~scrib~d he~ein which i~ paid ~nd/or ~
utiifi~d in wlql~ w in put out of th~ paceeds of fM lo~n descr~Md Aerein a ~ec~red Mreby, and ~he respecriv~ IiMf e1 s~id ~na~ya9es, I~ens a other ~ncwnbrances l
~MII ~~nd tA~. wr.~ and ~ad~ oI them Aereby is pe~erved a~d shall p~ss to ~nd b~ hNd py N» Maty~pe~ h~r~in u s~cwi~y for N» ie~d~D»dness to tM Mbnpp» {
Mr~i~ describ~d u Acreby secwed, ro tM s+~ catent tha~ it would Mw been pes~rv~d and wou~d haw been pu~e~ b s~d be~~ Mtd Ey Nr Mwtp~gN Md it been }
dvly u~d rpvlarly ai~iqned, n~nsferred. ut over snd delivtr~d unto tM JMoreq~qee by aqu~n de~d of asaiqnen~nt no~w~dur~np tM ~xt th~~ th~ am~ m~y be
~~~isf~ed and c~nc~lled of recad, ~t beinq tM in~ention of tM pu?ies her~ro *haf Mt iam~ w~~l b~ tatiatied ~nd canc~lltd o! r~cad by 'M Aolders tM~eef at p ~bout
rM einw of tRe r~cordinq oI ~hi~ mortyaq~.
16. To pay a~~ a~d s•nq~lar Me cos~s. [harges and e.penses. ~~ct~d~r+q lawrer's Fees, rea~on~b~v ~~+co~red a pa~d a~ any e.n+e b~ ~he Morsqagce. beu.,u ol rhe
~a :~.e of +hr Nb.fya9or to perfwm. comply w~rA and ab~de by exh and c~ery the f~~p~la~~ons, aq.eemeoy. cond~rons. ~nd covenan~s of sa~d pom~uaY ~~t and rh~s
aeed. o. arher. a*d e~erv sucA pavmenrs shatl bea. mteresr hom dare at rAe ~a~e pov~ded m~~~d Oromnsay note ~
17. Wha+ any amovnt oi morwy 1o b~ p~id by /M Mortp~qor to tM I1Aw/p~ye~ w~d~? Mw terms Mr~of shall b~ in d~Iwlt. w should th~ Morrysyw dei~~h in ~
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any of fhe otMr ter~s, povisipq a conditions of Mis Mwtga9e, tMn and in Mae c~s~ the Mw~yaye~ shall Mv~ rM.riyht, withw/f notin ro tM Mw~qagw, ro
collect ~nd reteiv~ I~pn ~ny ten~nt q I~ssM of uid matpaped pre~nises tM r~nb, iasues snd pofits of tM rNl estat~ hereby mortpa~d +nd t?w improveentnb Z
tAereon, se~d ro qiv~ arop~r receipb ~nd ac4~inw~ces ther~fw. u~d aftN p~Yup •II c«ron~sa:ons of ~nr r~nul pent cdkcliny ~M ume, and snY reuonsbl~ attarry's ~
fees +nd otMr necetaary •ap~ns~s incwr~d in collect~ny same, ro appN tM poceeds o( svcA collettims ~rpon anY :ndebqdness. obliy~tion w li~biliy. o( tM
Ma!psyo~ he~wnd~r. Sh~ riqAt qranted ~ht Mat~qa~ under this par~qraph shall b~ in addic~on to, and sh~ll not limit o~ r~slrict, any o~her r:yh~ or riqhb qranted
th• Mwlpsp[s in thit MOrtplq~.
18. If th~ Mwty~yws a~ the tirn~ oi mzkinq t1~is Mor~yp~ a subspwnt tAcreto tab out ht~ inawanc~ desiynatinq tM Mortp~qe~ herein u bcne~io'vy.arith •
i company approved Ey tM Mwtyaye~ a~uiqru policies to tM Mwtq~qe~ fa th~ purpos~ of secwirg th~ mwtq~y~ Iwn he~eby secwed, then tM Morfp~ye~ sAall ,
j ha~e N» ~izM ro pay any pemiw~e ~cwiny undn NiA pOIKi!/. and atl sums so eapereded shatl be addd w w~d Mcan~ • p~rt of tM p:nupal :e~d~btedneas secwed i
~ tpay~ p' by p~qw b IM Mafyaqee in twtlv~ epw) consecvYve monthl insullmer~q, th~ ~int monM inat~llment to M ~d ~s a ~
~ by M~s N{a ~nd sha11 b. ~d M. Mw~ v N P+
~ p+rt of tnd in addition lo tM mw~thly p~yment dw under this AMrtg~yt in tM first c~lendar ma+lh followieg qw •xpsndnp of s~id swn. Such sums w eapendsd ~
~ ~o bear inNrpt ~t tM r~te st which interes~ is pay~bl~ upon s~id principat indeDtedness and tM I~en of this Nlwty~p~ sh~ll eattt~d ro~nd set~n tM sutna so eapended
~ raqcrher with ~nter~st ~Mreon u her~.nbefu~ povid~d.
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~ 19. TAot Myether vvith ond in additiow b tbe .o~+h~r Par.~em of priwcipol md interest poyoble vnder 16e Nr~s d tl» noh secvred herebr. Mbrty~yor
ihall poy to Mwt~ayee ~acM wonth u~t~l wid noM n lullp paid. one-twelftl~ (1 /121 of o srw equd w N~e mnYOl prewi~~ d~re for fi~e, e:tended coreroye. ~
ond ofb~r iw:wd insuranc~ coverin~ N~e wwtpoped propertp, pl~s to:p ond ouess~enb ne~t dw ow Mie wwtpaped prop~rfr (dl m estisoted bp Mort9ogee)
~ less all wws olreodr poid ther~fw, and b b~ divided bp tIK n~wber of woMAs b elops~ prio? b tIK dof~ wl~ wch toaes ond oss~s++weeh sholl beconro ~
delinqvent. Soid w~s s1aN b~ beld bp Morlyop~~ i~ n~st w«~dited b tbe principd oI tlr bw, b por soid iwwrona, ro:~s, ond ossessw~wb and slwll ~
ba opplied ow tl~ poy~wnt ~hereof r~lwn dw. Mr ~cess I~eld in dust bp Mortpop~e w6en soid loon is poid i~ fdl swoll be poid to AAortyapw, or 6~s
assigns, or perwwd represewbfi~es. la th~ swnt of u de(aolt or ioredowre, soid w~s 4eld in trvst ~oy be oppli~d ow o~r cosh ot doaw9es wsloined in
connection with !4~ collactiow oi Me nofe sac~red IKrebr .ru.eher br suit, lwedos~r~, or oN~erwrise. Abrlgogee ~ap fraw fi~e to tiw~e ot ~b option wo~vt, ~
and ofter onr snch waiwr, r~insfat~ onr or d) prwris:ows hereoF req~iriny wc6 deposits, bp wotic~ ro Matyoyw iw v~riti~y_ Wl~ile onr sucA ~rairer is in
eiFect, Morfpupor slwl) par t~es, osuis~wenb and infuronte prea~i~es m Aerein dsewr6ere pre~ided. ~
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IN WITNESS W.IEREOF, tM iatd JYlortpa~o? he?wero sNi hin h+rd ~nd w~l N+i~ 1A~~~!1i~ ~i~nl ~baN wr:tan.
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