HomeMy WebLinkAbout0181 e. To pMfo~m, compM w~~h ~nd ~Eid~ b~r ~~cA ~nd wNy p~p~4uor.~. iQ~NmMh. cond~~~ons ~nd cov~nw+b in ~~~d P~w*~+swy no~~ ~nd dkd set IaM.
7. If ~ny ot ~M ~wro ol m~y htnin ~~fNr~d ro b~ no~ po~ro~ly ~nd fu11y paid within th'uty 1~01 d~ys n~,~ ~1tN ~M um~ s~vadlq Mcan~ d;~ ~nd p~v~bl~.
a il ~~cA ~nd ~wry tM ftipulat~om. p~wMnu, condtiau. ~nd cown~nM ol •+id wwn~ii«Y noN ~nd thi~ ~r~qap~. w~i~Mr. ~r• ea~ du1~r pnfa~d, coenpl~~d
wiM ~nd ~bid~d by. tM ~yqrp+~~ 1VT rMntion~d ~n s~id w~ssory no~~ sAall Eecan~ dw ~nd wY~EI~ fathwiih a ~MrtiHN at tM op~ion ol tM Ma~p~qN.
as fully ~nd cwrw~~~N if s~id ~yqrp~q ~ww of ~non~y w~~ aip~n~lh ~tipubt~d ro b~ wid on ~ucA d~Y. ~nviA~~q in i~id po~i~so?y no~~ a Mnin ~o ~M
contrNy notvri~hfl~ndi~0• .
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8. To d~liv~r ro s~id Mor~p.~... on w Mfw~ N4rcA 1Sth ot ~~ch y«?. U~ ~e;10?j ~vi~cinP ~M pay~nt o/ alt I~w}ully irnpo~~d 4aa fa tM p~c~d~nq
uNnd~? war. ro d~liv~r to ~~id Ma~g~pN. r~c~tpn ~vid~ac~nq ~M payn~m, oi •II~IiNU fw p~~c v~m~nts wi~hin n~Mty (90) d~rs ~ha tM i~~ ~MII Mcan~
dw u~d WY~~h. w+d 1o WY a di~cM?p~ within ninNy f90) dalh ~/Mr dw dH~. ~ny ~nd all 9o~nul Iwi~f MN en~y b~ nwdt on 1M ma~9~9~d poM?M.
on Mis matpap~ a no~~. or i~ ~ny othN w~Y r~~utunq (ran ~Ae Mortq~q~ indebt~dn~ss ~aur~d Ay ~Ai~ rnor~p~y~: ~nd if fAi~ cond~~ion b~ nw coinpl~~d w~rh ~nd pa-
fan»d. ~~id ~natp~pN m~Y wr ~~xA zwn a s~na wAicA ~11 becan~ wrt of th~ d~bt iecvred by Mis ~nortqp~. ~nd sMll b~~r int~~M~ ~t ~M r~N of sia pa cent.
(6'1G) PN ww+n~. WY+b~~ ~sx+~-+N+v+lly u~til p~id a s~id Matp~pN ~r ~I~ct MN ~~~d mw~g~q~ d~b~ ~Mr~upon Mcom~ dw and pay~bq forMwiM.
9. tt i~ iw~hr co+enanqd ~ ~gread by u~d w~u~a ~M~ in ~M ~wnt o( • sv~~ b~~np inarie~ud ro foaclos~ +Ai• nw~tp~q~. ~M Mwtp.p.. shall e. .~?ul.d to
~ppM any tim~ p~ndinp ~uch fw~cloaw• ~uit to tM cowt Mvinq iw~~dic~;an thaeol /a eM ~ppan~menl~ol • r~ceiwr of ~II and s~nqul~r ~M enorp~q~d pop~rry.
•nd of ~11 tM r~nb. inconws. pofiq, iuws and r~wnwi ~Mreo/, Iran wA~ho~ver sou~c• dKived: u+d tMnupo~ it is Mr~Ey •,pret~ly cov~n~nud and pned '
tM~ tM cowt sh+ll fanhwiM ppoint • nc~~vs~ of s~id enor~p~p~d poprrry. all and ainyular, and o! aucA r~nb. incanes. wo(~rs. issues end r~w~u~ MN~of, 6an
wAaho~vM sourc~ derived, wi~h IM uswl powws ~nd dutip of rec~iwn in lil~ usa: and sucA ~ppo~ntment ~MII b~ ~nsd~ bp avch courf ~a a m~nN of snict ~iqAl
b tM Ma?p~y~e. its succ~ssa~. I~q~f ~pr~s~nta~iwa a nstqru. ~nd witAow ~efaenc~ ~o N+~ ~dq~xy a in~d~pu~cy o1 tM vNw of ~M wow~M ~eDy mwtq~p~d,
a ro tA~ wlwncy or inwlwncy of ~M Mortq~qa. u~d tM~ auch nnf, qofit~, inco~ne, ia~ws snd r~v~~wa sM1I b~ ~ppli~d Ay sucl+ ?~c~~vN ~o tM wy~+em of M~
map~q~ ind~bt~dnesf, cwu and cAuqM. ~cc«dmp a th~ adK of iucA cowt. •
10. If ~ conwyuKS aAould b~ m~d~ by tM 1Nor~ppw of fM pem~~ Mr~in deu.~bed. a+ny p+N ~herwf. withow tM w+imn coeuen~ of N+~ Mor~p~qN. ~nd
withoid ~ss~Mnption in rpulu for' 01 4w Ay Ib pr~neN oi tM oblipNion b M~ Mw~qaye~ cr~aNd Ey faid prwniswry noN ~nd Mi~ e~wty~q~. Men. ~nd in Ma1
w~nt. ~nd ~t tM op~an of tM AAwepipN. ~nd witAovt notic~, dl awns of mon~Y iecwed Aereby ahall invn~diaeey ~nd concwr~nfly wltA fucA conv~v~nc~ ~conw
du~ ~nd p~v~l~ ~nd in dtlwlt.
11. 71wt in tM event tM p~mis~s Mr~by inwty~yed, w~ny p~rt tMr~of, shdl b~ conderrwwd ~nd uk~n fo~ p~Wit ~s~ w+d~r fM pow~R of «n~ntm domain,
Nw Mortq~yN thall Mw tM riqht to d~mand tAat ~II da~qef ~wa~ded for N» takinp o( or da~qts to uid p~mises alrll ~ p~id to tM Mwty~y» ~p ro tM a~t
Nwe w~p~id on this mwty~q~ ~nd ~t tM op~ion oI th~ Mortp~yN ~r b~ qpli~d upon tM wrm.++n ias~ pay.bi. tMnon.
12. TM mwtq~pw binds Aiinaelf nol to ~r~cl a p~rndt ro b~ er~ct~d ~nY mw b~ildnys on tM pr~inisa Mr~in morrq~q~d or ro~dd ro a pennit fo bt ~dded
to ~nY o1 tM ~sistiny improwm~~h th~r~on a m~k~ ~ny cMnq~f p ~Iferpiona in said improve~rNnb whidf m~leri~llp chanqt tM um~ w eM ~s~ thMeof, w~thouf
th~ w~itNn cons~nl o/ th~ Morty~qe~. ~nd i~ 1M ~vent of ~ny viola?ion w~tremo~ lo v~olah Mia ~tipvl~tion Ihis malp~q~ ~nd sll suma secwtd Mreby sMll ien-
m~diNely b~com~ dw ~d coll~cnbl~ th~ option oi ~M Mortp~qw.
1~. 1~ ia swd(iully ~grNd that ti~ it o~ tM essenc~ of Mis comrxt and tAat no w~~ver ol anr ob:ip~tion hKwndH a o( tM obl~yation s~cwed herebv af+aft ~nv
tim~ b~ Mld ro b~ • w~iver oi tM I«m~ Mrwf w oI tM irutrwne~~ sccured her~by.
1!. li fo..ciosw~ w«..~nps o~ ~nY a~cond monp~y~ a s~cond trvst d~~d or any juniw lien of any kind ihould b~ instittited, tM Mor~q~qee miy. its op~ion,
~rmned~N~y o~ MaNher declue th~s mor~yap~ ~nd tM ~nd~Dt~dnsss secured Mr~by d~r~ snd p~raEl~ fatl+w~~A, and m~y ih op~~on proce~d ~o (aecloa~ fA~~
muty~p~_ - .
13. To ~I» •a~eet of tM ind~bt~ss of tM JNonp~qw ro eM Mwrq~ye~ descr~b~d he~~~n a secur~d hereby ~M Mwtp~pe~ i~ hcreby subroya~ed ~o rAe ti~n a
liens ~~d to 1h~ riphts of fM own~.s Md Iwlders tAereof ol exA and every enor~q+ye lien a o~her inc~in6r~oc~ on f?» I~nd dyaiMd her~in which is paid and/a
s~tisfi~d in whoh w in pan o~t o~ tM poceeds of M~ Iwn descr~bed he+e~n or aec~rod hereby, ~nd tM respectiw liens of s~id m«~~qes, liens a o?Aer ~ncumbrances
shsll M ~nd tM. arr.~ and each of tMm hereby is psserved and shall pas: to and b~ heW bv d+e /Mor~qaqe~ Mr~ie as sacwity fw ~M indebt~dness ~o th~ Mortq~qar
htrein described a?~creby secvred, to tM sarn~ c¦~ent ~Iw? it would Mve been peserv~d ~nd wwld haw been pass~~ ?o snd been Mld Ey ~M Mortqag~e Md ir been
duly and ~pul~rly ~s~iyned, tru~aferred, set over snd deliver~d ~~ro tAe Mortgagee by ssp~rate deed of assiynment notw~tAst~nd~n9 ~M fx~ th~t tM s~me may be
setii}~ed ~nd c~nc~lled o( r~tad, it beiny tA~ iment~on of th~ par~~es hereto thst the sam~ will be sstisFied ~~d c~ncefl~d of recad by H+e Aelders thereof ~t w abo~t
M~ ~irn~ of M~ recwdinq of th;s .nwtpaye.
16. To psy all and n~ng~la~ ~he cos~s, charges and e.peoaes, ~.+ct,;d~n9 Iawyer's fces. .caso~ably :~~.red a oa~d ar a~r ~~me bv +he Mor~qaqee. ~eca~se o1 ~I~e
~a~ture ot ~~e Morrqago. io perfo.m, ~p..w~ly wnh ~nd ab:de by eac~ a~+d e~e~y ~he snD~lat~ons. •gretmlms, cortd~l~ons. ~nd covenanq o! sa~d p.om~ssory note and M~s
~eed. o~ e,rl,cr. and erery s~ch paymenrs fhall bt~r ~maesr from dar~ a~ Me ~NC o~ov~ded ~n sa~d prom~sswy note.
17. VYh~n any amount of nqnty 1o b~ p~id by fM Mortpaqw to tM Mortq~qe~ ~nd~r the termi Mrwf shall b~ i~ default, w should tM Mortq~qw dei~vlt in
any of tM other ~erms, proviaions a condrtioro of thif Mwty~ye, then u~d in th~t c+s~ the Mwtpsge~ sh~ll Mw tM riqht, witAout not~ce to the Mwtgagor, to
coliect and rtceiw from sny fen~nT w bssa~ of uid erwrtyaped qe'nists fM rents, ias~es snd prol~ts of tM r~~l es?~M her~by mwt9aged and ?hs improvanenh
rhereon, and ro qive prop~r receipts \nd Kp~if~NKM thereiw, and after p~yiny all commiss~ons of any renN'. penf colkcting tM urne. ~nd anY r~nonable anorney's
fees se~d oMw necsu~ry ~ap~ns~s incv~rtd in colbcHeq ~am~, ~o ~pply tM Woceeds oi svch collectiona ~pon any indebt~dnesa, obli9ation or liabiliry, of tM
Mortqayw Aere~nd~r. Tht riqht qr~nted ~M Morty~ye~ under this p~rayr+ph shsll be in add~rion to, ~nd ahall not I~mit w rptrict, any otl~er riqhr a nphn qr~nted
th~ AAony~y~~ in this Nlorty~p~.
18. If tM Nb~t9a9ors ~t tht ti~ of mzkinq this Mwlyape a subseqwnt fbcreto tak~ oot IiI~ inwr~nc~ desiqn~tinq tM Morty~qe~ Aere~n ~s ~enefici~ry w~tA s
company ~pproved by th~ MatpaqN a~ssiqro policies to tM Mwtg~qN (w Ih• pwpos~ o! securiny tM morty~ye to~n hsrebY secu~td, then tM Nbrtpaqee ~hatl
~ have Ihs ripht to pay ~ny qem:uen accruinq unda uid policies, and all aums w eapended shall be sdd~d ~o ~nd b~cwn~ a Wrf of tM pincipal indebledness secund
~ by Mis Mwtp~y~ and shall b~ paid by dw Mortp~yw to tM Mwtyaqee in tvrelv~ eqwl cwnec~~ive monMly in~ullments, t!» fint monMly instatlment to b~ paid ~s s
w~~ of tnd in ~ddition to tM monMly wY~~ d~n ~nder this A6w~9~ye :n th~ I:rs? ulendar montA lotlowinq tM e=pendinq of said wm. S~rch swns w e¦pended
to bear inl~rest ~t tM r~te ~t which internt is WY~bI~ ~pw~ s~id pincipal indtbtedneas and 1M lien of thia Mwtq~y~ ahall estend to and secure tht sums so eipended
together wi~h imer~s~ ~Mrwn ~a her~~nb~fa~ porided.
~ 19. Tlrot toyefl+er witl~ ond in odditiw~ b the montAly porment of principal and ieterest popable under fbe ter~s o( the noM secured Aereby, Mortgagor
~ shdl poy fo Mortpop~~ eoch wonth unt~l wid note is lully poid, oartwdith (1/12) of o sum equo) ro Me onnud prewiuw due for fire, eatended coveroge,
and other la:ard insvrance coverirp tM ~ortgoyed property, plvs toies and o~sesswenh neaf due os the wortpop~d prop~rfp (dl os estinwted by Nbr~yogce)
~ less oll wws alreodr poid tMerefo~, ond to be di~.ided bp tbe nusber o( aonths M ~lopu prior ro tlw dote whes wch Maes and aucueKnts shall becoiwe
delinquent Soid sv~s sholl b~ Mld bp Mortqopee in trust or aedited to the principd of 1he loon, to pop soid inwronu. Mxes, ond msesa~h and ihall
be opplied on the porwent tbereof when due. Mr eacess IKId in trust br Mortpogee w6en soid loon is poid i~ fdl sAdl be poid ro Mort~apor. or 6is
assign~, w pe~sonal reprtsenlnfiv~s. le the e~ent ol o defoult or foredosure, wid swws Aeld in trust sap be opplied ow osr cosh of dawo9p susroined in
connMiow with the cdletfion of tM note sec~red herebp rMther br svit, fo~edowre, or otbcrwiu. Morpage~ iwp fro~ riwe fo tiiae ot ib optioe woive,
and ofter ony soti~ waiver, reinstote ony or dl pro~isions hereo( reqviring such deposits, bp nolice to Mo~tgoyw in ~rritiwq. While onr such ~rairer is in
effect, Mortyayor sball pop fo:es, msess~ecnh ond ins~ronce premiums os herein eluwhere prareded.
IN WITNESS W~1E~EOF, th~ s~id M«t9ayw her~a s~b Ms Mnd ~nd ual this tM d+y ?ad ~u fint ~bor~ writt~n.
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S~pr~ed, sealed and delivered C~/ . _ _ f-_ ._._..._.-,r3s-- . (SEAII
~ rh~ a«~,~~ or: rank K. Stopkowitz v
~ ,'1 • ~
; - - _ < <~;z
~ _ udith Ann Stopkowitz
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