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HomeMy WebLinkAbout4543 l5. 7'},:it it is l}•c i~~t~:r:t h~•rc~~: ta :c~ttr~• ~~::~•n!:'~~~t c,i 1~~:• ~~:rmisso:•y notc ~v]ict}icr the tull ~~rnotu~t th~:c~•a: shz]I 1,,~'Il to ±h~• :.i~r:,.:!-:~r 1t t}:•~ c::ttc h~rcof OI' a1t Fl ]AtCl' C~~1tC~ ii!iCl t~1C 110:ii':t' ~i' 1::.?~~ i~~C ~':~~C Oi~~lUll Oi ltli` 1TUI'Z5;:1,;('C~ from time t0 tlttlE` 1fl::i;C fl1tUTC S1Ui':1:2CL•S 10` tj~t` 1~02 t,;.e~,VI', ~!IC}l i:Ct~':lI1Ci`S 5~1:111 ~e sccurcd by this Alor?~ ^~c; pro~ ii?c; , ho~~•c~•c:•, t~~::t tlie to:al ~~c~iuci?~;1 sum s~cuc~ccl hc. eh~• at~d remainin~; i,r~pr.id. i~~~!;:c?in~ r;n~• su.h , c?~•ric:cc•~, s'~;~11 not . 1 r.r~~• titf~e excced the ori~ii~sl principal su~r. of the p:a-~ii:~s~r~-r.o._•::s s~•t loi;h «Uo~-e (or st;i•li at},cr m:e~imi~m arnottnt as mr.~ fr~~m time to tiri:e b~ ~:~~•rr.~i;te~i b~- la«•). :'111 such future udvanres _hall he made ~t~~t!~ir, th^ ti^~^ ?imit autLo-;z; :l b}• 2~'!c•rid;: la~r for mzi:in~ ~•alid futurc ad- vances tti•iih interest artd ;.lt indeb,^c;ne_ ; crcatecl bt• ~•irtt:e of st:ch future 4d~•<-:nc~~s shall be and il1'l' secured tt~rcb}•. All prc~~~i ::on_s o: t~~is ~iort~~~~ s}~1:! appl~: to an~• fiiture an~•ancec mt:de pursu:.nt to ttile pro:~:;:rn:s of tliis vara~ rap'.~. 1\oti~ir2~; herein contained shall limit ti~e ainou~it serured by t}c;; :::o.tb4~c•, if siicti amoant is i~icr~.tsed l,y Z:Ci~~atiCCS made by ihe lIort^a:;c-:~ as herein e::e~ti~'r.ere providcd 1r_d authorized for the protection of the ~ecuri:y of tiic ,:o, t~;~ "ec. - 16. Th~ 1 in the erc:~t t~:c rnort<<ar~;i proPert~•~ or anv part thereof, sh~ 11 be cond^mned and iaken for public u_ ~ tjr.r.er ti.c.~ pa~~: ~•r of e:::ir,ent do:~~ain. aIl daazafies a~:•arcted for thc takin~; of or d~ m:~, c; to the mcr;~;,:~r~d r:o~~ri}• s:iall, at the c=ption of tlie ~Iort~agec~ be p~id l~ thc :Iort,a;:ce, u~ to thc F,rit:ciFal asaeT.;nt ~f the ~~rnn:issor}~ rot~ tl:~•n re- IYI.'tllllil~ 11RF1~•1!~, to~;:~,~er \'rlt}1 &11 llli^~'~St ~?Ll~,~. C~:.:Tl~eS thet~ U11tSt1I1C~.R~ C:L1C' 10 f~1C ATort~~~rn t!nc;~r the ~r-~^~i~_or~• n~~t_• c~~ this lIo_rln:t ;e. «n}• s~ttns r~~eei~•ed bv ti~e llort- ' ~agce hcrcUt:c^r shall te applicd to ~~~:~}•:ncr.is Of ~1'II1C1~~1I lil t},c in~•crse order of their . maturitv. . 17. That the ATor:~. Tor shall, ::-iti>;~i fi~-e (5) days af;ei• >>:ritten deman:? by trc R'Iai~~!_;_c, C`:GCiltC in ::~clz foct:~ as si,.:.l b~ re~~iii:c.~ci by t}~e i~ior~~a5ee, an es.og~~el - certificate ac~d ~:•si~-ei~ of c~~~;enses, dul~- ; c~:no:~:1eJ ;eci, set:in~* ie: i}~ t~~e atn~~~n~ of prin- .cip~l ~~d ini~:csf tmpaic3 unde: .~:e I~:~amissor5 i?ot^- and the ~cner..l status of thes 11'Io: t~a~c. ' - ' . l8. That tl:e liort~;::~;ee rnay ~:t r:~n• tirne~ ~:•itiiout ~~oticc to any pcrson, relcls^ any rpi alU:i Of t:lcT I:ltl; <<:I~"~(1 .T,~~V:~'": iY Oi 8f11' Ui!~^I' Cbii:iiE:~i~ OI' :~i'i~ ~ivi iF~ll Oi an}• other co:!:.tcral v:h:c'.i rr.aS• L~e 1,;:,i 4s~s~carit~• fu: thc ;:Z~-n;ent of the inceu!cdness ~1C21'J~' S:'Cl:ii:.~ E:t:~^: ~ :~1! O!' ~'t'~`•.i~_! . :it' - ~r~.i . t~_`:~ . ;I 7 ~ ' ~ ~ : ('~•?i'i: . iC: ~ - . \:'lij10": lil 'c'i'. fft::t:?:•.•I' .'liit i, Ii: : ~ - _ 2'C~c:iS_ t3: TC.C:~?;'.~ . . ' t..E' ,j:~. _ _I~j O_ t~`.^ _t;;•_ i; ,^.:;V:, C!:'IO:: L'L;. Gi ~i:;.l'c1t:- tO~j~ lf i Sl~i ~ ii21'~ i:l: .:J S: G~ .:i..~l L`~ ~ a.~ • ~~c,_:s t•:?~ ~ r i~i::~ Sor- tt,~ ~•:r:~~:it c:` s: id inc1~•b:e:~-~^: a~d ~~:i:_::.~: ..`:~.,:iin~;, u:=',=r„'r~ c_ i:•~n:_i~i^r in r:n _ tr.: i_i r },::ts ~ ~-e: 1}7^ ~i~i!iii\" F:.':C? ~)1:0i_~\" O:,i}:° ii_'12 O: i:.:5 i~Q_i~ •fl"' 11:i: ill~~ :.`'~?O'!t?; C+1 til~~ lIlii~i~:.°(~- , ! 11E'J~ ~~C1??i:i:::' " lli]T)u i3 t~:'i';!~E•T \::ill 2.1 l:~~f:`C~~i [~l~f • ~ ~.•`.i . i . _l cC~.tii'i C_= 4.,: Cil Scr...l i~_c e ; ~)2ti'?.~J~~?~ :Ii~~.'t iltE i:li!_t'. Tf_Sil~?C:~E'l' L20:'i`.~.t'~.: ~1%O`.'^i~ 1'::'_.:il :II:I~'1~_F~~~:.~~ .^.t21 ~ _ t. c.~... er i-: r. ; c~.; \VIl~2Ui:~ 2:1 c R< 7ii~1:2P_`•?' .1 t2i~ Er-~;.^.i':il:i; • i'i F::1~ iiLC. i:~l 1~:1`_'.'.T ~ Cttl~lii::'r<~1 S_'Cilll~~i }~:':~:C'il T::;~.:- ~l~ ~1:`~C+_ 1'~ ::l.r'.. iL.~: if:.~C~. :i 11;3:':-T~~~:'J:~ i:~l{~ i.nl!~~'i . E t11C 1~T7: ~~c~'~;C%~ ?.r:Ci i~?.~ ~.ai~_ i~: tL~~ i:l1~' r°IC::_'~•l': Z~ti~:-' Gi i:l_' :r10. ~;:vGi: ~~i~~l'.'~::i a~~ ~ Il~c^.~.' ll'.: C:.? ~:r~' t~:E.' . 10~ i~?~-,•~ ~:l~I?~l:l: illt'. CCi1o~S~1, CP ~_t'. •TO\'a31 O: ~.il}• o.~u:r p::r~UII OI' ; . gcrsoas t:;,u: ::,r.~~•e:. " ' 19. That li t}1]S lS c1 ~_CO_'1C1 OT T:?O:~? 117?E'S'IUl' 1:lOIi~ ~~;C l:~`OI`_ Lt1C' T::Uii~1-~'T,~[~ p:07C~t}'~ 5 the P.IO*_'i~;F:'•~•: S~a3i1 i<_:ilii!il~;j ~:iL: f?l~~J CC:=l1~1~ t~:i:ti ^.;):C:~ ~C~' F2£~C~ C~7 < e~. , c~-~i~3~ t ~ CO~"CiI~I:~ Z. CC::Gl:iO:l Gt 2T7: r:~S~:iC_ 1:aUi~~~.U~ O:' 1?1CTtv~.j:3~ n!1C: liC:'C: ~ Illl~ t:IL' ~ F-; sain~ to ~o i:~:o rit•:atil:_ r'.cr~t?lt or uc'_~7:iuc:,cz- i~::;~~~r a::: su~c••.-io~• ;~io:t~; c: IriOI'~- ~ ~i~l~*LC S~i811 a:l'ei02S1e1i.C&11~' .^.:1~~ 1!fll:?~Ci.^.'_?: CUI1Siltl.iE c C~P_':?iii U1Ci;:T ti21S '_~tCiiR'~"~ TII~' J~C~L. 5 Ivsortg~ is }~cre5~- e1;,=e:;:~~ au:ho:iz_a at tl~e oi,iia:: of tiie P.f~~i~~r.Jce to r.cir: tu~ all ~ ~ sums neees~~r~• to kec-p ~a}' sarerioi• ::,~~t~a~a o: ~r.ort~u~es in L ~~o i s;<<ncii;:~, a:~d all ~ sums so u~i~-~~,ced, to~;.~~s:_r ~ritl~ ir.t~:cs; thereon ai th~ r~t~• of ten (1:~;"c) p:r c~nt per 1 annu:n, shal] b~ subj^et to tiie pmti•i~:o.~s o~ P~+.L'~:~;TS~:1 ?.3 }?cr~of. '1'hc l.ic•r:~*~~or u"J ~ agrees t~~at ti:e ~?o=,br;Uor s}~all not r.~<:'_^ 2ny a~rec:i~c~t ~•:ith tl:e !~n;c:er of an}~ su~~Fio: mort~;age t-:}:ich shull iz nny tvar tr_o; c}iar_ne, aller or e::tend any of tlic tc~riz~s or ~ ~ con~3itions of such sup~rio.• mo-t~a~c, i:or shzll t~:~ i~.iori~r~~or rc•:;i1GS~ or r.cccp*_ any ~ ~uture ac~-4nces unde: stich n:perior r.:o:tor:oe, ti.ithoi~t tre e~:j:rc:~ ~rritter. ce~:s^nt uf ~ the i.iortba~~e. ~ 20. That in t}ie e~•~:~t a7~ losse; s}~a'1 payab~~ o:: anS- i.^.sur~:t,cn l,ol~cics coc•,,,.:i:~ the e ui -nent r~d ~r~o :al T~'_'G~~r<<• ' ~ . - _ " _ q : lo_.~:,:t on ihe tT:OTt!'~ r~~ ~?'G ~:`it~ t~tt' i'.iO:t'•~t`;Oi dTlfl ~ all succes;orc in ti~le a~i:i all pe:•~o:._ ~~or: or here.:;;•_r hoIciiii; i:~~::•ior lic~:s on s~~h ~u dan~a~ed ~,nct %o~ des;-o:: e~' ~~ro~:rts l.e~.~_: ~pj.o::2t t~~e :.:c:.~*~.-~c~~ ;:,;c~lt and ut•.~~rr.e~•- ~ lri-faCt to C.•i:.~J~S_ SIFCiI ~~:U:~~CIj C(2E~i: O: Cli'eit O: C1:CC.:~ 02' Cli'wft5 ~uI' ~}iG pL1T~U:C~ dt tiSC ' ~ op?ion of the llcrt~. ~~~e. o: appl~ in ; t}:em a~ai~._ ~ the princ:~-,.:I ~ nd intem~t due on the promissory i:oi~_ - 21. (a) Ti~at, not~ciths!anuing ti~c pa•o~-isio:,s of Yt~ra~ r: ph 2, or any other p: rabraph hereof; ~i~d exceFrt durit:~ ~,~ch pericd o: ~~e:io~s a; ihe .;ior:~;a~ee m«y irom time to time ; CICSlo IItC lll ritinR. t}~n 1 irJ: i~~.^nr ~.•j11 :~^y tfl t~n p1n~~.-..n~n c...-. r......~ .t..~ ~ " _ . . : li. u.._ a. . ~ :7... i . ;1i1(. t' . . !1~~~ i~' t.~r.~.' .7 ~ 211r.~, L) ..:u~ i,j^',._.•:: ~ •-"~..`~,i• - (i~ ln~: 1 - •:1...'.: Z:::: `..:~t. i~ -ca~'t, ~ required to c~rry herc~inccr, less an~• sums alrc..c?~•^ j~aicl th~ Rior:~ : ~ec ~vith resF~ect ~ _ thercto~ di~•iCCCl b}' the r11:r.:hcr of r.~o:~t~s to el::i;: bcforc o:t~ moii,lj prior to tLe ciate ~ ; ~ when such ta~_ec, ass_ssmc~i;s and ic,su;: r.ce prerniums becume due r.nd payc:blc, such ~ _4_ - , • ~uR~ 2O9 PAGf 1~JV ~x ~ ~t;; . _ _ . . _ = u~ ~