HomeMy WebLinkAbout2880 e. To pwtwn~, canply w~rh and ~b~d~ b~r fKA N1d ~v~ry qipul~nuu, pfNTMf~, cond~~~on~ ~nd cownan» in ~~]d wwn~~+o~Y noq ~nd dMd s~R fuM.
7. If ~r of tM ~vm~ of moMy AN~7~ ~~fNr~d ro b~ ~o~ pomptly ~nd tvlly p~id wiMin ~A~r~v (~0) d~ys n~a~ ~f~w ~M sa~ s~wrally b~coeew d:~ ~nd paY~bl~.
a ~ach ~nd twry ~M N~pul~tiau. ~pNee»nn. con6tiay. ~nd cownan4 0l ~~id promissory noN ~nd ~hls inortpap~. w~~~Me. M~ ew? duly p~rlwnwd, coinplt~d
w~M ~nd ~Eid~d by. tM ~yqreqaq ~wn e~~~on~d in s~id panii~ory noh aMll Mcan~ dw ~nd wr•~N ta~~w~~A w t1+N~~NM a~ tM op~ion ol M~ QAw~p~pM.
q fully Md comOl~Nly u if s~id ~ypr~yN~ ~wn o! mqNy wN aiQiMlly flipulNld to b~ _paid on s~cA d~Y. ~nYlAinq in s~id pawif~ory noH a Mr~in to t1c~
cWlfr~fy I1pfvViMitNldi/1q. - . .
To deliva b uid Mw~q~ye~. on w b~(w~ AMrch 1StA ol ~uA y~~r. t~a rec~~pt~~wid~ncina ~M piY~n~nt of ~11 4wf~lly i/npoi~d ~~a~s ta tM pr~c~d:ny
uqndrr Y~ar. M d~livrr to uid Mor?y~~. r~ceipef ~vid~cinq tM paY~t o! ~II li~n~ (a p~blic ie~w~m~nh wi~h~n n~n~~y (9p) daY~ aiN? Nw ~~n~ ~lytl A~on~
WY~01~. ~nd b WY « diuAa~q~ wiMin niMM (9p) d~ri ~fIN dw d~H. ~ny and ~II qovernm~mal Iwi~f tMt may b~ mad~ on NN mw~p~q~d popaW.
on ~his matyaq~ a noq. or in ~nY otl~ w~y nwlr~nq (ran ~h~ Mor~g~y~ indeb~~dntss s~cwed ~r rh~s nw~~yayr, Md i! Mi~ condit~on b~ no~ conipG~d w~th u~d per-
fam~d. s~id ~na~p~qN ~Y p~Y ~~h swn a wrn~ wA~sA ~Aall becwn~ o+?~ o( tA~ d~W ucw~d by ~h~s inw?p~q~. ~d shall Ee~r inqrh~ ~M rat~ of si¦ p~r c~n~.
lA%) PM aMUn4 P+Y~bf~ ~~nu-uuw~lfy un~il p~id w~~id Mw~~pN rn~Y ~IM th~t s~~d inoreyaq~ d~El ~Ae~~~pon b~com~ dw w+d wr•W~ forMwiM.
9. U~s fw~Ar co+enan~~d ~nd •9re.d br s~~d w•t~~s ~M~ ~n N~s ~wn~ of • ~vie M~nq inu~weM to ta~cloi~ M;t mor~p~,r. ~M Morep~p» ~Full b~ ~n~~d~d ~o
~pph al ~nY tin» p~nd~nq suc~ fa~clo~w• svit ro ~M cowt Mviny iw~~dict~on Mereof (u tM ~ppo:~a~ent of ~ nceivN of ~11 and •inpulu ~M mwty~p~d poperty.
and o~ ~II ~M r~nM. incan~~, pofiM. i~sws ~nd ~~wnuei tMrwf. fran wMnoever swrce d~r~ved: and tMre~raon it i~ Mr~by •,pp~ly cove~+anaA and prKd
tM~ ~I» eowt ~Aall fwthwiM appoin~ • ne~iver of s~id n+ortp~p~d pop~rty. ~II ~nd ~ieqular, ~nd of sueh nnts, inean~s. pofits, iawa end nv~nw ~Mrwf. froee
wM~swv~r sourc~ de?ived. wi~A 1M uiwl pow~rs ud dWih oi rtc~iwn in hb us~s: ~nd svcA appo~n~m~nt sMII M mad~ by ~uch coun as • matter of s~rict ~iqA1
w~M Mw~q~yN. in ~uccnsa~. Ip~l I~pt~fMl~livp a ~a~qna. M+d without nfere++c~ ro Nr ~d~ouacy w inad~Qu~cp of Nw v~Iw of ~M poper~y M~eby rnw~p~d.
a a ~M wlwncy w insotveeKy of tM JNortp~qor. ~nd ?M~ a~xh rMt, profib. incom~. iiiws ~nd nwnuw aMll b~ appli~d sy ~ucA fKfivN fo tM wr~*~~~ of tM
~nwt9+q~ ind~bt~dn~s~. cwp u~d clyrqN. ~ccwdmp a N» adu of sucA cowl.
10. If ~ comr~yana sAould M~d~ by tM Albrq~qa of ~M pem;sN Au~in deu.ibed. a any part tMrw~. w~eAa» tM vrriu~n consent of tM Mor~ppN. ~nd
witlw~w uswnptian in ~pu4? twa of bw by IM pnntN of tM obtiQation ro th• Allwtq~ye~ croN~d by s~id w~i~~ory noN ~nd Mis ~nortpag~. ~Mn, ~+d in th~1
wrnt. ~nd at ~M op~ion o1 M~ Ma?9ayN, and wiMout no~ic~. ~11 ~ums of mon~y s~cur~d Mrsby sMll imn~di~Mly ~nd concv.r~ntlp witA sucA conwvwa~ bacam
du~ and p~rabt~ ~nd in d~t~ult.
11. TM~ in the event tM pfTif~f Mr~Dy na~t~sy~d. w~ny p~n tMr~of, sh~tl M conde~evwd ~nd Hti~n fa ouplic v~ under tM pow~. of ~min~n~ dana~e,
th~ Mwtp~pN shall Mw NN riyM ro d~mand tAa~ all da~qes ~w~rded fa tM ukinq of w da~q~s to u~d a~~s ~MII b~ p~id w Me Mo.~p~yN up ~o ~M ~~nt
tMn wp~id on ~his mortp~q~ ~nd ~t ~M option of tM Matp~yH rnaY b~ ~ppli~d upon tM paY~~s I~a1 p~y~bl~ tMr~on_
12. TM mwtp~yw binds hin~self P01 ?p NM O~ pNT1i to b~ e~~cf~d ~ny n~w bu~ldnq~ on ~A~ pMnia~s Ma~in inor~y~p~d a to ~dd ~o w pennit to ~~dded
ro~ny of d» ~ii~tinq impowm~nh ther~on w mak~ u~y ciw~yes a~Iterations in isid impovemw+ri wlucA manrulFp cA~np~ tA~ ~rne a tM ~s~ tA~reof, w~Mo~~
tM w~itt~n coen~nt of tM Morfq~qe~. and in IM ~vent of ~ny violp~on w~nanp~ ~o v~ol~t~ tA;s u~vula~~on Mis mortq~q~ ~nd s1I suins iecw~d Mr~by sMll im-
m~di~t~ly E~ca~ dw ~+d coltecubb tM option ot ~M Ma~y~p».
1~. It ia sp~N/Kally a9.e~d t1u~ t~rM is o1 ~he ~a~nc~ of th7~ connx~ a~d tMt no wa~vcr o/ ~nr ob'~patan h~rwnder a of th~ obl~~uon s~cwed herebr shall a~ any
tierw b~ Mld ro C~ • w~~rer of Nv ~M~+s herwl a ot ~M ~rouwne~t secwed h~r~by-
14. If for«loaw~ procMdnqs of anY s~ca+d mortq~q~ a s~cond fruat dNd or any jw~ia li~~ of any kind should b~ irotit~nd, tM Mor~pasee m~Y. ~t its op~~on,
im~diaqly or tM~~s/ter d~clue th~s mw~q~y~ ~nd tM ~rdebtednsss secwed l~u~by dw ~e~d wr+~l~ fo~thwitA. ~nd maY ~t its option p-oceed ro(wtcloa~ this
muty~p~.
13. To ~A~ ~,t~nt of tM ie~deWed~~a ot ~Ae Mo.~q~pw to tM Mony~ye~ deacnbed here~n or secured Ae~eby N» Mwtq~qe~ .s hwcby avbroqa~ed ~o tF~e lien w
li~ns snd to tM riyhu of ~h~ ownas snd hotdtn thereof of esch ~nd werr morrqa~ lien a aMr incwnbr~nc~ on tM land d~se?ibed IwrNn which is psid and/w
satisli~d in wAol~ a in part o~t of tM procceds of ~M Iwn descr~~d her~~n w aecured he~eby, ~nd rAe reapacti.r~ liens of s~id ~wr~y~ges, li~ns w oM~er ~ncumMances
ah~ll b~ ~nd tM. sa~r.~ and exh of tMm Aereby is a~urved snd sMll pass to •nd b~ held by li» Nb~tyaqN Fw~in N stcwify }q tM indepudneas to tA~ Mort~qN
herein descriMd or he~eby sec~red. ~o th~ sarns eat~nt ~Aa~ it wwld haw been pre~e~r~d and would Aaw Eeen wsse~ to ~nd been Mld by tM Mony~y~e hsd ~t been
dvly ~nd ~epvlarly aafipned, tqnsferr~d, s~t over and debvered unto the Mortgsqet by sepsra~e deed of ~asiqnmtm notwitAsbediny tA~ fx~ tMt ~M s~me may be
s~tis6ied and c~'+c~Iled of recwd, ~t bein9 the ~ntenrion oF tM p~r~ies hereto eMt the urn~ w:ll be satisfi~d and c~ncelled of recad by ~he Aolde~s thsreol ~t a about
rM urn~ of tM r~cord~n9 01 fi~is mo.~9ay~.
I6. To pay a11 and e~n9~la~ rl,e cos~a. ch~r~s and e.pensei. •rtct,,d~~g ~awye."a fees. r~~so~ably ~n~~rred p pa~d ar ~ny nme by ~he Mo~rqaqee. because of ~he
+a :u.e o1 ~he Mdeqago. ~o pe.fo.m, comply w~rh and ab~de by exh a~ every the sna~lae.ons, ag.eemenrs. mnd~t.ons, snd corenams oi sa~d D~om~ssory no~e and ~~n
oeed o~ e~r~er. and e~e.v such p~~menq s?+a~1 bea~ ~nreres~ frpm dare ar ~F.e r~~e p.ov~deA .n sa~d orom~asay oote
17. VYhen ~ny ~mount of mo~wy to b~ p~id by tA~ Mwtpapw fo tM Mortq~ye~ under tht M~ms A~rwf s1u11 M in de/~ult, a shovld tM Morty~pw de/~vlt i~
•ny oi ~h~ other ~enns, povisions a condition~ of this Mortyaq~, tMn and in Mar cas~ the Mwtyagea sAall haw tM ripht, withovt no~~c~ to the Mortqaga. to
coliett snd ~eceiw f~a.n ~ny ten~nf w lesse~ of s~id mwtyaqed premises 1M rtnb, issues snd pofits of IM r~al es4f~ he~tby enort9ayed ~nd tM ~mprovements
rhereon, and to qivt prop~~ receiph a~d ~cp~inancea therefor, and afte? p~y~nq •II commisi~«u of ~ny rMat pe~t cdlectirg rM a~me. ~nd sny re»onabl~ utorntYi
fees and oN+~r necess~ry •ap~ns~s incvrred in collMing um~. ro apply tM procceds o/ s~ch collcct~on~ ~pon anY indebt~dness, obliq~~:on a lia~ili~y. of tM
Mo.rysyw herevnd~r. Th~ riqh~ qr~nted rAe Matyayee und~r ~this pu~9rspA sMll be ~n addn~oe~ to, end sMll not I~mit or restrict, any orlxr riqA~ a riqhrs qr~ntcd
rh~ Mptp~ye~ in thia Mwrp~y~.
I' 18. If th~ Nbrtp~pon al tAe tirrw o} ma4inq fhis Morty~q~ w s~bs~awnt thcreto take out hfe insursnc~ deaignatirg tM Mwlpsqe~ herein aa benefici~ry w~th s
company approved by tM Mwtyaye~ w~~siqns polic~~s to tM Matq~ge~ ta fh• pwpose o! securin9 tM enwtp~q~ Iwn hatby secvred, tAen tM Mortp~yer ahall
j have th~ riqAt to paY aMr pemivm xcrvin9 vnder ssid policip. ~nd stl wms so eapended sMll W addtd to and bKOrM a pa~t o/ tM p~incip~l indtbtedne~s stNred
f by Mia lwwtpay. .nd ahslt b. Pa~d ~ th~ Morty~yor to tM Mortqaqee in twelw equal consccu~~ve monMty insullmenp, tM fint mo~Mly inst~llment to b~ paid as a
E p~r? of tnd in addirion to tM ma~thly p~ym~nt dw irnder tAia Martyay~ in fhe first ulendar month follow~nq tM t:pendinq of asid swn. S~ch s~ms so eapended
i ro bear ~nterest ~t tM r~?e at wbicA iroerm~ is prysbl~ opon s~~d principal indebfedness +nd ~M Geo of thGS Mwty~y~ ~hsll ea~end ro snd secu~s the sums so espended
~ together wiM iMer~st ~Ae~eon as Mer~~nEe(or~ povid~d.
19. Tbat topetber witb ond in odditio~ M the .o„et~r ~r~~~ of principol ond interest popable under the fer~ of fIN note ~ecvr~d herebr, Nb~tgagor
sholl pay M MoAyo~ee ~ocA wonth ~nh'1 soid nete is f~llr poid, one-hrelftb (1 /12) oF o w~ equol ro the oenuol pre~i~~w d~e for fire, estended corerope, ~
and other ho:otd inwronc~ co~eriny the ~ortyoped propertp, plus toaes ond osxss~wenb neit dw ow N~e eort~oped properfp (dl m estiraoted br Mo~l9ogee) !
Iess all suws alreodr poid tMr~lor, ond ro be divided by fhe n~~abe~ of months fo dops~ p~ior ro tAe dote when wch ro:es ond ossessmenq sholl become
delinquent. Soid w~s shull b~ bdd bp JAortyopee ie hust w aedited to the prinapd of the loan, ro pop soid i~~anu, w:es, ond assesawenh aod stwll
4a appl~ed on the popwewl tlKrwf when dve. Mr ~icess Aeld in rrvsf br Mort~opee rrhen w~d loon is poid iw frll sholl be poid ro Mortyopu, or his
assigns, or personol rep?esentati~es. In tAe t~ent oF o de(aulf or foreclosure, wid s~sa held in tr~st ~or bt q~plied oe wr coats of domoyes wsroined in
connection witA the cdlectioe oi fht note secured Aerebr whether br :~it, foredowre, a o~herwix. Morl9ope~ wwy frow /iwe to ~ime a/ ih option nraire, j
artd efter onr srch woi~er, reinstate ony or ul) provisioas hereof requiring such deposih, bp notice to Mortqopor iw ~rritiw9. While anr such wai~er is in ;
eflect, Mortyoyor sAol) par fosss, osxsswenN ond insaronce premivms os herein elsewhere pr~rided.
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IN WITNESS W~iECEOF, tM s•id Mw~y.ya Mrwnro sNS Ais hand and s~~l this d» d~y ~nd yw tint ~bov~ wntt~n. f
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