HomeMy WebLinkAbout0008 7. If ~ny oi tM ~wm of rnon~Y Aen~n ~~fNr~d b M nel prarotlp ~nd fv11y paid w~~A;~ thMnr l30) d~n n~,~ ~fra ~M um~ ?~w.allp b~corn~ d.N ~nd paY~bl~, '
a if ~~ch ~nd ~wry ~M ~tipvl~4oey. ~wn+q.b. cond~+~oro. ~nd cown~nt~ of ~~~d aom~uu?Y noN ~~d thi~ morfpaq~. a•~rM., a~ e+a duly p~r/am~d, cornpl,ed
wfM ~nd ~bid~d bY. ~M ~yg~~ya~~ s~~n m~eu~on~d ~n sa~d wanii~ary noe~ ~MI~ beca+» dw a~d wr~~~ fa~hw~M or rMre~f~w at t!y opuon ol tM Mw~9sqN.
~s fully ~nd cowwl~t~ly p if ~ud ~9qr~qp~ awn oi mwry w~~ a~q~n~lly ~6pub~~d ~o M w~d on s~.cA daY. ~nYMinp ~n ~~ld porw~~~aY r+oN w M~ein w ~M
conerMy notvri~ha4ndinp•
d. ~To detf~ ro said Mw~p~pN. a+ p~(a~ MarcA 1S~A of ~~ch y~u. u: rec~iph w~dfncinq N» p~y~nt oi ~11 ~awfully impo~~d a¦~s Ia tM p~c~d~ny
ul~ndi. y~ar. ro d~liwr lo ~~id Ma~g~pN. ~~c~~pa wid~nunq fM wr~~ o/ •11 li~n~ la publK improwm~nta w~~h:n n~n~ey f90) dars ~f~a tlw ~un~ slull p~cow,~
' d~» snd WY~O~. ~ b WY a d:xMr~ with:n n~nNy (90) d~y~ ~fta dw d~~~. any i~d •II qo.rernme~~~l I~v~~~ ~M~ may b~ nNd~ on N~ n,unp~y~d aovaM.
on tAis rnwtpap~ w non. a in a~y o~M~ w~y resulr~ny fran eM Morep~y~ ind~bqdn~u t~cw~d by thi~ ~nqay~j ~nd i/ ~hia cond~~iow b~ nW ca~pf~~d w~M ~nd per-
fo~~d. uid matp.~pN m~~ p~Y s~rcA ~wn w~wm wh;cA sMtl becom~ D~n ot ~A~ ~bt Ncw~d by ~h1~ rrw.~yaq~. ~e~d ~h~,ll b~p in~Np? ~f ~M r~N o1 ~ia p~r cent.
fb'X.) pa ~ paYab'~ «n~i•ann~~lly ~nril p~id a uid Mort~pN enay ~I~t1 Md tsid ewr~gaye dtW tMr~upon b~com~ dw w,d p~Y~pl~ fwMw~rA.
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9. I~ i~ tu.tAe* co~eoane~d ~n~ ~qrHd by s~~d p?n~n ~Mt ln ~M w~nt ot • suit D~~nq iniriw~~d ~o /w~clos~ M~s Torty~q~. ~M Mw~p~p~e ~hatl b~ ~n~~rl~d ~o
apply ~t anY tim~ p~nd~nq ~~ch f«~c~osu.~ sui~ ~e tM cawt Mvinp ]ur~~dicr~on th~~wf ia ~M ~ppo~~fm~n~ of a nceiver of ~~1 and ainpuf~ tM erw~t9+Wd po~er?v.
~nd of al{ tA~ nnM. incan~f. pofiy, iuWf ~nd nv~nw~ thNwl, frpn whatto~ver sovrce derived: ~nd tl~~~ipon il is Asnby ~,peuly cov~n~need and ~qrNd
Mat tM cowt ~hall iwtAw~~A ~ppo~~t a r«~wr of said enp~~y+~d p•opertY, all and sinqular, ~nd ot aucfi r~n~s, ~ncwn~~, pof~rs, i~aws end nwnw MN~of, lrwn
wMtiwv~r ~ourc~ daiv~d, wi~A tM uawl powws ~nd due~p of rec~iwn ~n Gk~ ui~~: and i~cA ~ppo ntmen~ shdt ~ mad~ by ~uch cour~ aa • T~IIN o( arr~c~ r~pAt
b Ma Mw~y~yN. in ~ucceuw~. lepd rpns~ntativp or ~ss~pn+. ~nd wifAow nf~renc~ W tM ~d~qwcy w ir~dpu~cy o/ ~M v~lw of ~M prop~ny hereby ~noreyap~d.
or ro tM ~dwecy or iruolvency o1 H» Mwipaqor. ~nd ~Aa~ sucA rent, pol~q, jrco~, i:~ws ~+d rsv~nwa ih~ll b~ ~ppG~d bY ~ucA nc~iwr a iM wn*~++ oi tM
n+ortp~q~ i~bt~ss. cos» u~d ch~rpw. Kcwd~rq ro ~M ad~r o! ~ucA cour~. ~
10. If ~ conwyM+t~ ~Ao~ld b~ mad~ by th~ Matypor of tM wem~sN Mr~in dtx~~Eed, w~ny parf tlwr~ol, withw» iM wrin~n consen~ of tM Matp~p~~. ~nd
wiNwul ~ssurnption in rpuNr forw of law by ~A~ qr~ntN ot tlr oblipifion to M• Mweq~qH crea~~d by said paniasory noN ~nd Mi~ inor~y~y~. tMn, ~nd in tAat
~wnt. ~ tM eption ot ~M Mut~p». ~nd w~tAovt notic~. ~11 ~unu of mon~Y atcvnd Aereby sAall inwn~diat~lp u~d concvr.~nty wiM ~uch conv~yu~c~ beconN
du~ ~nd psy~bl~ u~d in dd~vlf.
11. TM~ in tM event th~ p~mises Mreby mwtqap~d. a~ny put ~Mr~of, thall b~ condcmned ~nd uk~n for public ~u under tM pow~r ol ~nir~tet dpnain, ~
IM Mortp~qe~ ahall Arw tM rigl+t a d~~d tAat ~11 d~w,aye~ aw~rded fw tM pkinp of w d.enap.s ro u~d p~~mis~s aA~ll b. p.~d ~o ~M Mo.i9yk „p ~o rM ~n,o~rnt
eMn unp~id on Mis enony~e w+d n tM option o( tM Matp~qe~ rNy b~ ~ppli~d upon tM wv~+h lis~ pay~bh ~M.~on.
12. TM mortp~yw binds hirnaell not W~r~ct or pN~i~ to b~ er~cqd u+Y n~w build~nqa on tM pr«nisM Mr~in mat
q+yed w ro sdd ro a p«T~~ a 1» •dded
b~ny of tM ~a~~t~rp improwmanrs rlrrwn w m~k~ ~ny chanpa a•heru~om in s+~d imwovem~nh wh~ch m~~eri~tly cM~p~ tM ss~ a rM us~ *AueoE, w~Mou~
~M w?in~n cons~nt of the Mort9+qe~. and in tM ~vMf of ~ny viota~ion w ans.npt ro v~ola~~ th7s s?~p~laeian ~hu mortp~q~ u~d •II swna +ecw~d Mreby sMtl :~n-
~di~tely 1»can~ dw and coll~cubl~ ~t fM opeion o( ~M Mw~~yM.
13. If ia swci(ically ~g~Nd tM~ ti~ is o/ tM euenc~ ot ~his coosrxt ~nd ~lu~ no waiver of any oDtipation Mrwnder a of tM obliq~uan acweA AercbY ~hall ~I ~ny
~irn~ b~ Mld to E~ • waiwr of tM ~Kms herwl or o} Nw inshument ~scw~d her~Ey_
11. II tor~closwe proc~ed~nps of ~ny s~cond mw~paq~ w stcond erust drad or ~ny j,uuw lien ol any k~nd shartd b~ instit~t~d, ~M Mw~q+qee may, a? in option,
imn~diu~ly a tMre~f~er declar~ thii mw~y~q~ and ~M ~ndeb~edneas sec~~ed hu~by dw ~nd wr•DI~ /a~hw~eh, and eewY » it~ op?wn p~oceed ro fo.eclo~~ th~s
rnortq~p~.
15. To tM ~¦t~n~ of H,~ ind~Dtedn~sa of rlx Mo?tp~ya to tA~ Monqige~ dravib~d Aertin a secured h~reby ~h~ Mor~pape~ is AerrEy wbroyated eo rhe t~en w
liena ~nd to IM riphe: of tM own~ra ~nd lwldas thereof of exA and ~very mwtq~qs licn w wher incumb~~nc~ on rA~ land dnuibed her~in whicA is p~id and.~w
satisli~d in wAOt~ w i~ p~~t eut of ?M puteds of rA~ loan descr~bed Mer~~n o~ a~c~red hereby. ~nd tM reipccrive liern o/ u:d mwtya9es. I~ens w o~her ~~c~mMances ~
sMll b~ uid tM. sare~ ~nd Hch of tM~+ hereby is wesaved and sfia~l pais to •nd b~ hetd by tl~e Maty~qe~ Mr~in n secwity fa tM indeEl~dn~as to U~ Mony~yee ~
her~io dearib~d a hereby secv.ed. ?o rhe sa.na c:tm~ ~Aat i~ wwld have been presar~d snd wa,Id hsv~ been was~~ to and been MId by t!~ Mwfpaqet h~d ~r been ~
duh +m! rs9ula~hl us~qned, bsmf~r~ed. sN over and del~vtr~d ~nto the Mwtgaqee by sepuate detd of ~ssiqnmenr notw~thsr~ndinp tM /act ~Mt tM sa.n~ maY be
aatisf~~d ~nd c~nc~ltsd of recad, it beinq tAt in?en~ion of tA~ put~es hsreto tMt the aams w~ll b~ satiafied ~nd csnc~ll~d of ~ecad by ~M Aolden thereof ~t w abovt ~
tM timt ot tM recwdnq of this mort9ay~. . .
16. To pay a8 and s~ng~la~ ~he cosrs, cAarges and e.penies, ~ncl~d~~g ~awyer'y 1ees. ~eno~ebly ~nc~..red w pa~d at soy nme by rhr Mo.rq~~~"pria~se o! ~he
f~~.twe of ~he Mo.fqagor ro pe~fo~m, compl~ w~rh ~nd ab~de by exF and e.rery Me a~~o~~anons, aq.ccmenrs. condn~ons. and wrenany o~ sa~d prom_fso~y ~+ote and ~b~s
decd c• e~Me., and e.ery suc~ payme.~~s s1+a11 ~ar ~nrerest Irom dare ar ehe yee o*o~~ded ~n ss+d qom~sso.y no~e
17. YVhM ~ny ~nwunt of monty to b p~id by N» Mwtq~qw to tM MortgayN w~der rhe rerms M.wf sMll b~ in d~l~ult, a sho~ld th~ Mo.rpapw d~favlt ~n
any of tM oth~r terma, provisions w cond~tiory of thif Matq~qe, then and in thar c~i~ fAe Mwt9~qp sh~N Mw tM riyht, w;thou~ not~ce to tM Mu~qa9or. ~o
colkc~ snd;rece~w fran ~ny fenant a IessN of uid mw~y~qed premises the renN, iu„es ~nd pofns of ~h~ rNl est~~~ hereby mortp~yed ~nd rM improvr~nents
tAtreon. ~nd b qive proper rec~ipts ~nd x4uinu+cq therelw. ~nd a(ter paYinq al1 com~n~ss~ona of any rental ~qene colkcnng tM s~me. ~nd any reasonsWe ~~rorney's
f~es ud oM~r necessuy ~~epw~s inc~rred in collMing sxne, to appN th~ woceeds of svch collecnona ~pon any indebtedness. ob!~g~GOn u liability, of tfi~
Moreq~qw herau~der. TM riqht qranted ~M Mpty~g~e w~der ~his paraqr+ph sAall in add~e~on to. ~nd shall not lim~t a restric?, ~ny Wl~er r~yht w nph?s panted
th~ MWtyiyN in ihi~ Mpny~qe-
18. If eM Mw~y~pors at tMe t~.n~ o~"mskinq this Morty~p~ or anbs~qwe~t thareto t~k• out life insw+nc~ design~tiny th~ Mwtpa~ea Fersin ~a beneficiary w~rh a
con+panY +owoved ~y t!» Matpeye~ w~ui9ra polic~q to tM Mortg~~ (u th• pwpose o! secw~rp tM matqaye loan hereby aecwed, tMes fh~ Mwlq~pc• shatf
h~ve rF~e r~qht ro paX ~ny prem:wn ~ccxuinp und~r said potic~es, and ~11 s~ms w e~pe~ded s1u11 be sdded to ~nd b~cwn~ a p+.t of the w~nc~wl :ndtbtedness sec~red
I~ by thia Mortpaq~ and aMll be p~id bp M~ Mo.tp~9or ~o fM Mor~payee in tw~tw eqwl consecutive er~w~rhly inatrllm~nb, tM fint monthly ins~stlinent to M paid as •
; pan of end in addition ~o ~t,. ~w„ehN wv~+.ne dw under this Mortqay~ in the first calemiar month followirq tM ~apendinq oi said s~m. Such wens so e¦pe~+ded ;
` to bear inferqt ~t tM r~t~ at whicA interest is paY~bt~ ~pon aaid principal indebtednsss ~nd tfi~ licn of this Mq1y~q~ shall eatend ro ~nd secw~ the swns so eipended
~ royeiher wiM ~mn~st ihereon u her~~nbefd~ povid~d.
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19. Tlrot ropetMr with ond in oddirion w tM .o,~~r Por.K~t ot P.cM~po1 ond inferest papable und~r tAe fenes of 16e noM setvred hereby. IMortyagor ?
shall poy W Moripope~ eoct~ ~onfL ~nt~ soid nole is fully poid. onrtwelfth (1 /12) of o s~a~ eqwl 1o the onnva) pre~ivw due 1or lire, e:tended coreroqe. -
ond otl~er Iw:ord insuronce co~erinp tbe sortqoqed propertp, pl~i taae: aod oascssmenh neat dw ow fAe ~wort9oped p~operfp (d) as esriwwted by Morl9ogee)
less oll wws olrtady poid t6e~efor, ond to be divided bp the nuwiber of ~ths b elopse prior to tlw dot~ ~rk~n wcl~ bap ond oaesswienh asAoll becoiwe
delinqvent. Soid w~s s6o11 b~ 41d bp Mort~ope~ iw husf or uedited to the priatipa) o( Ihe loow. Ep ppp soid IAWf01Kl. Maes, ond ossesswenft ond shall
be opplied on the pop~nf tAerwf w6en due. Mr ~uass held in t~ust bp Mortqo~ee wrben aaid loon :s poid iw Shc sf~oY be paid ro Mortpopor, or his
assiyns, or peraw~d represenblives. In Mie e~ent o( o dcfovlt w fo~eclosvre, wid su~s held in trvsf sop be opplitd pi awr costs of dosoyes sus~oined in
connection witM the cdltction oi tlw note sccured I~ereby wAetber by w~r, (o~edos~re, w otberwise. AbrRpogee wwr fro~ tiwe to ?i~e at ib op~ion roire,
ond after ony wch waive~, r~instote anr or oll prorisiows he~eof reqvirinp such deposits, bp notic~ to Mortyo~o~ iw writiw9. W6~7e any suc6 woiver in in
efftct, Nbrt~opor slwll paY la:ea, nssssswitnh ond ins~ronce premivms os herein elurhere prorided.
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IN WITNESS WNECEOF, tM uid INonp~yw Mrwnro aN~ his hand w~d s~al Ihia tM day ~nd pw finl ~bov~ w?irNn.
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