HomeMy WebLinkAbout4232 ..w w~Y nNan ~~..r.w a w na pu~a~h and t~ur oa~a w~~hin MirtY (70) days Ma~ ~f~w m~ u~ a~v~r~~tr wco~ o.» ~ne wYb~~.
a il ~acA ~nd ~wry ~M st:pvlu~oiu. prwew~nn. condr~oM. ~nd cown~e+M of ~a~d prom~itiory noh u~0 ~A~~ mw~wy~. a arh~r. a~ nw duly p~.1am~4 conwl~~d
wi~h ~nd ~Eid~d bY. ~M ~qq~p~ti w~ ~ua»d :n a~;d pan~ssay noN sMH Erca.r dw ~nd p+y~E4 IaMw~~A w ~Mr~aN« tM op~~o~ oi ~M Ma~p+9N.
u fvllp ~nd compbnN w if uid ppr~yd~ ~un~ of mo~+~y rr~~ ai9irylly ~up~l~~~ ro M Mid on ~ucA drtr. MY*ino in ~a~d praw~s~ory ~oN a l+N~ie a tM
cona~r~t nowv~Nqundu~p.
lo d~livN b Nid Nbrly~yN. on e? Mfor~ A4utA iSrh of NcA yt~/. t~t r~c.ipa w+d~e~c~ny Nw v~r~? d.~~ I~wf~lly i~npos~d baw /p Nw p~c~d~nq
uMnd+r riar. a ddiwr a a~id Mor~y~y~, ?K~iph w~dwrc~wp Nr o~r~~ of aN liua for pvbl~o.in~prd~ms w~N++~ n~n~ty (90) dalr~ ah« rM ~11 b~coww
dw +nd P+r~pN. ~nd ~e WY a diuMrq~ wirAin nin~h (90) d~y~ •fq? dw d~q. ~ny ~nd •11 povan~npl kvie~ dy~ euy b~ nwd~ on M~ ma~p~q~d popv~y.
on ~hu nw~fp~~ o~ eoN. a iu ~ny o~hw w~y rc_~1t:np i~aw ~1r Mo~tp~p~ ind~E~~~i s~cw~d Ey du~ nwr~pa~: a~d il Mi~ ca+dr~on E~ nW carol~~d w~M ~nd pe?-
for~d Nia rnatprpM nrY p~y ~uch ~wn a wna w1+~cA ~MII becan~ wn ol M~ dea~ ~~cwed by Mia rnonp~q~. w~d ~Mtl b~w intNa~ H M~ ~~n ol ~ia pM c~n~.
{OXl W~ ~R WYSd1~ aMw-innu~lly w+ti) p~id w uid MaW~9N n~aY ~Ntt MH s~id mwe9~9~ dtEt tMr~uPOn b~eaM dw w~d O+Y~bI~ /alhwith.
i
9. It t~ Iw~M+ to+~eunhd snd ~q.~ad bY u~d p~n~~+ ~M~ in ~1~~ ~wnf o1 ••vi1 b~i~y inu~?~Nd fo fa~elw~ M~f mptp~p~. HM Mortp~q~ ~Aatl b~ ~ntirNd w
pply a anr tinN w~~0 ~ucti ta~clowr~ wi~ a tM cwn Mvin9 iwisdiction Maeof fa ~M ~voam/neni o1 • r~ceivK o1 ~11 ~nd s~nputw N» mwty+p~d aaw~b.
•nd o( dl ~h~ nn~s, inco~n~w pro/iu, ii~w~ ~nd ~~Nnws tl»rw1. iran wAa~so~vN sowce deriv~d: ad tM~~~pon it if M.~Dy •,pMSM canMm~ ~nd ay~Nd
1Mt tM <ax~ aMfl fwthw:?A ppo'wu • r~c~~vM o! wid mwfp~q~d p~ope~N. dl ~nd sinqula~. ~nd o1 iucA r~na. incww~~. pof~h. ii~w~ snd nwnu~ ~Mr~of, frpw
wMtto~w? sourn daiwd. wirA ~M uawl pow~n ~nd d~niM d nc~iv~n in lik~ casti: and such ~ppo~ntnwnt ah~ll M n+ad~ by ~uc1+ cowt rn~n~? 04 snict riphl
a dr Mlony~pw. 1~ wu~uas. 4v+~ np+i~+tNivN a~~YM. ~nd wiMou~ r~fk~nc~ ro ~M ~d~c~+~Y a inwl~pu~cy d N» v~lv~ 01 r1» wop~.hr Mr~bv ~n«~W9~d.
ud~ N ~ r%r•~ J. .i.~
a a N+~ wlwney a inwtiener of Ny Mw~waor. aed Ma~ .ud~ ra~u. wd:e.. s..e..~. _ . z`=° >s~' •=:e-._.- _ ~r.. -
11101tp~~ ii~d~bN~Mfb Cqb M~ t~MfpM. KCO~diflq 10 f1N M~f O/ ~YCh CWKt.
10. M a coev~rana sha,td b. nud. by ~M N~wrowa d ~!w a~n+~sa A.r«n descr~bed. a«+r w~ thKwt. w~ehou+ rM .nt+~n can~n~ of N» Mo.~papw. M+d
wilAo~M asumv~ion in nyul~r for' of 4w ar d» p~MN o1 tM ablipHion ro M• MafpapN aeaNd by uid pronpswrY ~oN ~nJ ~his mwtp~9~. M~n. and in Ny1 ~
S
~v~wt. ~nd ~t IM aWion of IM Matpp~~. ~nd lrilha~ eat:e~. ~I! ~wws of rnwry s~ew~d I~~by ~M11 i~wwwdiaMly ~nd eonewnnlly wiM sutA eonr~y~ne~ Meo~
du~ r~d Y~YrbM ~nd in d~fwU. _
11. TAat in iM eveet ~M w~isn M+~bY nwrtq~q~d, w~nY P~rt Mwwl, sMll M ca+d~~d ~nd Nt~n Ea P~~e vw w+d~+ H» Pmwrr of ~n~:n~nt dan~in.
~M Mprtp~q~ aMll !uw fM riqM to d~.n~nA ~Mt sll dam~yp ~wMd~d fw ~M 4kieq of or d.Ta9.s ro.a~d p«n:s.a .A.u b. w~d a rM Nbnp.y.. up ro rh. •~woun~
M~n u~P~id an this n~orfp~Q~ ~nd H IM eWion ot Ih~ Matq~q» n~sY b~ ~pol~~d uPOw f1M WY~^b Iqf p~raDN tAMron.
12. 7M eio+~q~por bind~ A'umdf not fo ~r~ct a panrt ro b~ a~crd ~r n~w E~ftd~npa on tM p~:~ Mr~in ~nw?q~q~d a~ ro ~dd ro w pK~lr b E~ ~dded ~
q u~y of /M ~aiatinq in~provr~rr?a r!»r~on a ewl~ arry eMnpp w•ha~tiwia in said iTpeove~es vrMd+ ny+«i~ly eMnp~ NN ss~ w~M use ~Mrwf.. w+thou~
tM w~itNn ean~nl of tM M~onp+qN. +nd in eM ~w~+t oi anr vid~tion a~nanp~ ro v:o4h thi~ ~npul~tim Mi~ monpp~ ~nd ~II awns s~tw~d Mr~by slull in?
nwd'imly b~ean~ dw ~nd eolhee~bl~ at tM optio~ ot ~M Mortp~yN. ?
1~. It ia ip~ciftully ~qrNd dut ti~ Fs ~~M es~~nc~ o~ ~his cantract and that no w~7~e+ ol ~nr ob'ipp~on MrwndK w of tM obl~parion ~cwed ~e.~br shall a~ ~nr q
tim~ b~ Mld b b~ • w~iv~r o1 tM tw~ru F~ewl w of tM irox~wwent wnx~d hs~~by.
1 J
11, It f~~!cr_Mc ~r_-:-=~-~ M? :...::y:y: a: i.tw+o i.v~i w~o or any ~u~~o~ i~~n oi any k~nd slauld b~ instit~qd. tM Ma?p~s~e nuy. its op~~on.
c
ieNmd~~Nly a Mvs~/?er d~clpe th~s ~y~p~ N+d rM ~nd~bNdn~s~ secured Mr~by dw and p~yabl~ (aMwid~, and m~y ~t i~s opt:w+ p'oc~ed to fwedoa~ ~h~•
^~?~~0~-
1S_ To tM ~¦t~m o1 tM ind~M~a~ of the Mwfq~yW b NN Mo~t~pe~ deatribed MMin a ssc~r~d M.eby ~M Morfpape~ is hercEy wbroq~~ed to ~he lia+ a
liay ~e+d W f/y riyA» of th~ ownKS aeid Aoiden ~l+e~wf of ~~ch ~nd ~wrY narrqp~ lien a ahN inewnbranc~ on tM 4nd Mscribtd Mr~in whech ia psid ~nd/o~
utisfi~d in wAo1~ w in part ow of My poceed~ oi tM loan describ~d Mer~in w s~cwed F+erebY. +~+d the respact~ve t~em of a~id ma+psycs. I~enf w ott~er ~ncumbrancss
af+~U b~ r?d rM_wrr.~ and Nch oi ~hem Aereby u pMl~Yld ~~+d shall p~~s ~o ~nd b~ Aeld Ay ~he MorW+ye~ Iw~in a ~~cwity fw Nw :ndeEt~dneas W tM Nbrt~qe~
her~in describrd a hcreby s~cwed, b tM um~ e¦uet ehat :t wovld Mv~ been p~se~wd ~nd woutd fiaw Deen p~ssed b and been h~td by tM Mortp~pN Aad ~t be~n
duly ~nd ~eQularlp uiiyned, h~ru/~rr~d, s~t ova u~d dehve~~d ~re~to tM Mor~g~g~e by separ~re de~d of ~tsiqnment notw~thst~e~d~n9 tM fact rA~f M~ a~~ne m~Y be
su~~i~ad u~d cu~c~l4~d of r~cord. it b~~nq ~M ~nte~rion oF ~M pu~~es Aere~o ~bat the sam~ w~l! b~ a~t~sf~~d ~nd c~nc~lled of ~ecad by ~h~ 1al~cn ~Mreof at a ~bo~~ .
tM ~im~ of tM r~ead'in9 of M:s enert9a9t.
16. To pay +~1 ~nd s~nq~,la. the cosy, cMrqes and HpMSH. ~M~~d~ng fawye.'~ feri, reaio~ab~r ~~c~+red a pa~d ~r any nme by +Re Moregaqee Dec~~se of ~he
sa~ture of ~he Mor~qaqo. ~o pe.la.n, compl~ w~rh and ab~de br exh and e~ery r1,e ll~Dv~~,Onf. ~9rNmMIf. (Ond~~,ona. and carena~~s of s~~d Wom.tsory noe~ ~..d ~h~ti
deed, or e~thN. 1nd e~e.r wv~*+n shaq bear ~nrertsr lrom dset ar ~he ~are p.ov~ded ~n sa~d O~om~~swy no~e
17_ Wh~n ~ny of n~orwy !o b~ paid by 1M Abrtp~qa ro 1M Mortpaye~ w~der tht terms Mnoi shall b~ in d~f~ult. a should ~M Morty~qor defsuh in
any of tM otMr terms. provisaro or con6:tioro oi Mi~ Nbr~9~, IMn ar~d in th~e us~ the Mutp~ye~ sAall Mw Nw riqht, withwrt na~ce eo eM Maty~qa, lo
colkct ~nd rectivr f~aw sny tenane w IessN of ~aid mortq~qed prem~ses 1h~ renb. iasues ~nd profies of ~M ?wl tse~r~ heresy mortqaqed ~nd tM nnprovsme~ts
fMrea+. ~nd fo yivt pope? rettipts ~nd scauin~nc~s tMreior, and a(tN psvinq all corn~ni~s~w+s of ~nY remal pen~ tolkttinq t!r sa~ne, and any reasonabl~ ~~rwney i
f~es and otMr ntc~uuy •:p~ns~s incwr~d in collMiny s~nr, ro ~ppl~ tM proceeds o[ auch collece~om ~pa~ ~nY indeL~~dness, obt~yat~on a lubility. of tht
Mwtq~por Aereunder. Th~ riphf qr~nted tM Mat~qe~ w+der Mis p~rpr~ph sh~ll b~ in add~tion to, ~nd sh~ll nol I~mif or r~shic~, ~ny otMr riph~ p nqhts yranted .
rh~ Mwtq~yw in Mif AAo?rq~p~.
; 13. If N+~ Mor~p~ws tt tTr 17rn~ of ensk:nq tl+is Mwty~q or a~bs~pwnt ~A~rero fab ouf li/~ insw~nce desiqn~tinp tM Morty~pe~ Atrein ~s btnefici~ry wirh a
~ companY ~pproved bp ~M Mafy~qN a uaiqro poticies to N» Mwtq~qa~ (or th~ pwpos~ of secw:nq Nw ~norrp~q~ 1oM herebp secvred, then il» Mortq~pee ~Aall
~ F+ave N» r~~ne ro wr «+r wen~~~m +ccn+~~ w,e.. s+id polK~es. ~nd all sums so eapended ahall b~ added ~o ~nd beconr • p~n of rM windpat indeb~edne» ucured
ti bY Mis Mwtyaq~ and shall b~ paid bY tM Morty~yor fo fM Mortpaqee in Iwetv~ epwl consecut~ve monMly insqllmenb, tM (inf monrhly instatimenf to b~ paid as •
~ Psr~ of tod in add~~ion to tM nanMh wy~n? dw urede~ Ihia Mort9aye in tht firs~ ulendar rnonth follow~ny tM •xpenelinq oi uid sum. Such sums w eapendtd
j ro be~r ioe~rest H tM rNt N wh~cfi i~terest is paY~bi~ „pon s+id pi~ciPal endrbtednps ~nd tM I~en of tA~s Nlortq~q~ shalt t~tend ro u~d secur~ ~he swro so capended
E roqerl~er with 111tN~ft tMrton ss her~inbe(u~ p~vid~d.
~
~ 19. That byeN~er witl~ a~d iw odditiow M tl+e iontM7 paywient of principo{ ond interest poyoble und~r the Mrws d t4t note secvred herebr. Mortgogor
~
~ sholl pop ro Mwtpoyee eacA wontU ~nhl wid noM in fullp poid. one-Mrd(t6 (1 /14) of o sww equo) ro N~e onnud prewi~ew due ior lire. ~atended cmrcroge.
and atl+er iwiord insuranc~ corer'u~y the ~ortyoQed propeAp, plvs toan ond oaaessatnh neat dw ow ~Ae ~wtyoped propMp (dl m esfieoted bp Mortyogee)
Ae
~ lezs dl wws dready poid t?erefw, ond b b~ d~vided bp the nuwber o( ~ontha b dops~ prior b tlw dotc ~rl~ew wcb bice~ ond ouesa~wents sholl beconie
detinquent. Soid s~~n sboN b~ i~eW bp Mwt~ope~ iw trvst o~ ueditsd b Me priwcipd oF the loo~. ~o pop soid iwwrance, roaes, ond assessesnh ond siwll
~ be oppli~d on tlr pop~ewe tb~eeof w1~en dw_ Mr ~=cess b~ld in trust bp Mo?tyope~ vrhen wid bon :s poid iw (dl slwll be poid ro Mortpo~or. or 6~s
aasigns, w persowd r~preaeabtires. In N~e e~ent .?f a defa~h w fwedos~re, w:d w~s held ie trrst ~ be appli~d ow owY cosh d daww9es sustoined :o
' coenection wiN~ Nie coRectiop of /6e noM secvrcd Aerebr ~berher bp s~it, Ioredowrs, or ofAerwise. Mwlqo4et ~wp 60~ ti~e to tiwe ot ils option ~raire,
ond ofter anr srcb woiver, reinstott ony a o8 pro~isions hereo( reqvirin9 s~cM depouts, bp wotice to Mortpoyor iw rrritiw9. Wbife oer svcA wa~~er is in
~ effect, )Ybrt~a9or sAd) par b:fs, osseas~enb ond insuroece prewiuws os herein else~rhere prn~ided.
~
'`s
~
~
3
7
7
~ IN WITkESS WMEREOF, tM s~id 1VAorty~yw he~wnro Nls Iw~ I+~nd ~nd s~d thia tM day ~nd ~ finf ~bov~ wrimn_
2
S
S~yRed, usled and deS,v~red .~.(,~~~'iSEAI)
; wn~~. o~: ~i0 RT D. GIB NS
~1 ° ~
` / _ - - - . _ (S.AI)
G T H. G B S
~ ~ - -
'
~
; ~t < ~~-r C1 L~ , , c
1~ 5~-~~{.~ . .
- J
3 ~ Zos ~~U~~~~
.
x
#
~
_ _ : ~
~
= ; ; ~
4 _ - ~
~ . x ~
~ _ _ :