HomeMy WebLinkAbout0056 7. 1{ ~wp d~M ww~ ~f wow~y Iw~iw ~~~~A 1~ M wN po~M4 ~~b o~ wiMin Mw~hl 1~0! d~M w~a1 d~ Mr wM wvaNN O~cow~ d~ ~ aw~l~. t
N wt~ ~~y ~M ~KpuW~on~. N~~'~ ~~~~ow~. w~ tevw~r~s el ~Nd w~swry noN ~nd Mw w~w~WY~. ~r ~iMw. v~ na d~M M~pw»d. co~M~
witA ~~d~d ~Y. 11y NY~~W» ~ww ~w~~ard in sMA pawis~ero ~aN ~1 Mca~ du~ wd WwbN IalAwi~A a Mww{w N 1M oo~ia? e/ IM Mer~YM.
s~ hrllq ~ c~oN»M M N wi~ ~YYrp~» w~. el w~aar ww a~n~IN ~tipvN~ ~d a a w~A ow wcA daY. ~ny~NM iw u~1 ae~luaV noa a MnY~ a th~
tonk~rll ne~wi~bndwq•
Te ddiva 1~ Nid AAor~M9N. ew a Mfon MMCI~ IS~A of ~ lr~. ua ~«~iob ~vid~ncino ~M Wlr~^~ of ~11 I~wlu~ly ~~wa~ t~a« !a 1M vnc~diny
cd~ndr Y~. a d~livw a s~W Mor~q~q~. .«•roh widw~c~no ~M wr~~ o! ~11 Ic.w. 1« o~K ~n wiMM ~jMM l~) d.r~ •INe Nw w~r ~MII O.cewN
dw ~nd Pw~N. ~wd ~s WY a~Y~ wiM~i~ ~M t~) d~n ~(+M du~ d~N. MY ~nd ~11 oov~rn~nul Iwih tlr~ wwr b~ Md~ on Nw mwp~q~d peoKM. '
ow Ma wa~fy~Y~ a woM. a iw «w oMw~ whr ~auUuq haw ~M Ma~qiy~ ied~Ndn~a ~aw~d Sy ~I+i~ ear~y~q~; w~A ii N~is conditan b~ nw cow~MNd wiM~ ~nd oN• i
fwww4 wid w+aty~qN wy~ WY sucA aww or ~w~a wAicA sMll Eaoin~ PKf ot IA~ A~M Ncwed bY ~in rwonpp~. ~nd aMll b~w inIMM~ M~ r~h of si~ pa c«u. i
t6%1 vM ww~. ar•b1~ ~wi-a~w•11y unHl a1d a uiA Ma~o~w~ m.r •Ne~ Nu~ ucd nae+wp~ deb d+w•upon e.eon» dw ~nd wr.bN fe~N~wh1+. .
9. If Is tur~Mr co+~nqd ~nd W?Nd bY u~d VM~ ~Mt ~n tM wM~ o~ ~•uit bNny im?iw?~d ro Ia~dos~ Nd~ wwr~pp~. Nw N~oNW9» ~+11 M~nfitNd W
pyly ~f ~enr tiw~ Wn~ieY sutA /or~elosu~~ ~ui1 a 1M ewrf MvInO h~?i~dMian IAaeol fo~ tM ~YPO+~~~~+t d• r~etlwr of ~11 and ~ie~pulw IM mwtW9~ P~aPMh/.
and e/ ~N 1M nnh. iecon~~. OrofiM, hsu„ and r~v~nws Mw~~o/. hoai wMbowa sowc~ daiwd: +nd tMr~ww~ it i~ Mr~Ay ~aoh+sN ~~++~~~d and prMd
~lyl Nw ~axf ~Mtl }«IAwiM ~ppoiro •~~w~ of wid mw?y~p~d poperM. dl ~nd sinpular. w~d of ~uch nnb. iecon~n, poiiN. uwN end rwrnw N~wf. ho~w
wMlw~vM wuro~ dniv~d. wilh tM wwt Powas Md du~i~a o1 netivus in lik~ c~NS: ~nd ~ucA +POe'n~n~m ~MII M nwd~ MI urd~ courl n• nwt~ ol ~hht ripAt
~o ~M Mwt9~qN. iri wccw~on. M9~1 no~+~ivN a~utpro. ~+d withow nF~r~nc~ a M» ~d~a++~r a~KV ef ~M v~lw of N» W~h ~~br ~wap~d.
a a d» w~wKY p~ ef ~M 1Nortq~pa. ~nd ~Mt sud~ nn~, poHb. incon~. tuws w+d rewnuw ~A+11 b~ MP~i~d b~r ~ucA nc~iv~r ro M» wYmam of tM
wwrtq~ ind~d+aa cwb «~d dww~. +«wdaw a N» ord~. 01 wd~ cain.
10. M~ conv~y~na ahou~d E~ nwd~ by ~M Abrqqa of ~M o~~is« Mrwn deurib~d, o~ anY v+rt tlwwi. w~~haA Nw rrritNn conwnf of N» Mwtp~pN. ~nd
wi~haK suwno~ian 1n rpulw ior:w of 4w bp ~M p~~ntN o1 1h~ oblipqion to N~• Mor~ppN cr~ihd Ay said waniwry ~wN ~nd d~is mat9+y~. ~Mrt w~d in ~AN
~wnt. ~nd tl ~M ov~~ ot fM Map~yN, and wiMaA notic~. all ~w~r d~Y s~cw~d Mrsbt/ sMll inwn~diNelY «+d cenewnntly witA sucA conwy~u b~coin~
dw r?d Pw~bN ~nd in ~MiwM.
11. 7lNt in dw wenl 1M P~«nirs MrebY ~9+9~. a+~+Y P+„ tMrwf, sA~ll b~ conde~d ~nd uk~n ior Oublie ~~r tM Poww of ~niMn~ doenain.
tlr Maqp~~ sMtl Mv~ tM riqM fo drn~nd tMt ~11 dww~qe~ wvard~d for ~M qkwq of or d+m+9N w ard p~«nisa sMll A~ Wid b fM Mon9~9» up ro Ur Mnoun~
eMn ww+~d oe Ndt mw+wq~ .nd ~t ~A. op~ion of +M Monw9» ~r b• wn~~.d uvw~ th. wYm.na I.s1 p.yabM Nw.on.
12. iM wortW9a bind~ Aims•If not to wa/ w oMwre fe b~ «~c»d ~nr n~w buitdrqs on tM a~^isu Mr~in wwr~W9~d « ro~dd ro w oNmit a b~ •dded
b u~Y of 1M ~si~einp improwin«+es ~Mr~on or ~nak~ arry eA+npM or ah~r~~ions in uid imaov~~ernh wAieh nrtKially eMnq~ tM s~ w~M vs~ tMrtof, w~thae
IM writNn cans~m oi fM Mo~tp+9N. and in IM w+nt of ~nr viol~tion a~tu.nW ro vid~N ~his i~ipu4tion ?his mort9+p~ and ~II swns sicw~d Aw~EY sl»II iin~
wMdi~tdp bKaM diN and colbttibM N NN option d 1M MottWpN•
1~. U i~ ~p~cificdly ~qre~d ~Aat tim~ i~ of ~M e»~nc~ of eh:~ coMract ~nd Mat no w~ivar of ~ny os!iq~tan I+Kwnder a ot ~At ob~iyation s~cwed lKr~by al+slt H ~ny
tinr b~ Mld w M• w~ivK ot tM w~ns hM~of a of th~ ~nstrwn~m secw~d I~~by.
11. 1/ fw~ciosun poc~npt oI anY s~cand monp+p~ a s~cand tnnl dNd or ~nY ivni« lien of any kind should E~ :nstifund, *M Mor~p~~ ~Y. at in opuon,
imwiedia»ly a 1MrNihr d~clar~ Nw nwr~9+9~ aed M~ ind~bt~dnns secwed hw~bY dw ~nd wr•w• tonAwidy ~nd mq N it~~ao~ion p-oceed w(w~clos~ fhis
nwrtp~9~-
13. To tM ~ahea of tM ind~W~derss of tAe Mor~p~pa w tM N1wty+qe~ dnaib~d Mrein o~ secwed her~bY th~ INortp~pee i~ Mreby s~brop~ted to th~ Iwn or
li~m ~nd to tM riphb of tM ownNS and holden tMreof of ~~ch ud ~Y ~?9+9~ lien a Whe~ innimbr~nc~ on ~M I~nd d~xriE~d h~rtin whith it Wid and/or
aNisii~d in whob w in Pu~ ow o1 ~M Owceeda oi tM lo~n deuribed ha~~in a secwed M.ebY. +nd Me reap~crive liem o/ said morty~yei. Gee~s a otF.er incumbrurces
slyp p~ wd tM. wrr,~ ~nd ~ach of th~m herebp is pe~erwd and shaU psss ro and b~ MW by ~M Ma~pape~ hu~in u s~curity fw th~ indebNdn~ss fo tM MortyaqM
Mnin descriMd a her~by sacwed, b th~ s+m~ ea~em th~ it wo~~d Mv~ bsen w~snvd +nd would h~w b~en paswJ w+nd bs~~ hdd by tM Nlonp~9ee had i~ bern
duly and npulrly ~siqwA, tr~nsfs+nd, ut mr~r and detivN~d uMO ~M Mw~gaqe~ bY s~V+~+~e d~~d of assiynnwM notw~tRstardirq ~M isc? ths~ tM ss~n~ may be
u„sfi~d and c~lt~d oi ncwd, i~ E~inq N» inNnt~oo of tFr prti~s herdo th+t th~ s+m~ w~ll be s~usfied ~nd uxelled of IKWd by :M ~dMf ~Aereoi ~r or ~bow
tl~ ti~n~ of Mw recording of Mis mortp~q~.
16. To WY +~d s~nqul~r rhe cosfs, cha.ges and e¦penses. ~eclud~ng lawrer'a fees, reasonablr ~ncu.red w pa~d a~ a~y ~~me by ~he Mw~gagee. beca~se of ~Ae
f~.~u~e o~ Me Mor~gagw to oerfwm, comply y.~M and ab~de by exA and everv rAe snwl~nons. ~yrtemeets. condmons. and corenams of s~~d pomnswy nore and ~h:s
deed. a e~N+er. ~nd erry s~.ch wv~~s a~+all beu interest Irom d~re ~t the rate w~~ded ~n s~id pom~sswr ~~e.
17. 1Mh~n anY ~mw~+f of a~onel/ fe M Wid bY tM Mort4~9~ b fM Motlpaq~ u~d~r M+e tsrms hvwi shdl b~ ia d~fwlt, o~ should tM Mort9+9o? de(~~h in
•rry of tlre o~her 1~rnu, poviaian a conditioro of tAis Mat~a~, th~n +nd in that u~ the Mwtq~ye~ ah~ll haw ~M ripht, without no~ice ~o ~ht Mortya9or. to
colktr and nceiw'hae ~nY 1~nant w IesaN of s~id matp~p~d Prtmis~s tM r~nb. iu~es ~nd Wofin ot 1M rMl ~sUt~ henby nwrfyaged and tM improvemenb
M~non. and to yive popa receipes ~nd xqwnanna Mar~ior. ~nd af~w p~r~~9 all corrw~rias~«n of ~nr renNl ~qent colkctinp th~ sa~ne, snd anY r~+so~abb Nrorney's
(MS ~nd ~Nrr nenssuy ~ap~na~s incwr~d in cdbctiny s~n+~, a spply tM poceeds of such colkct~om upon ~nY indeWdnei~, obl:g~tion a liability, of tM
A~wtq~~pr hawindw. Tlr ~i9ht qranted ~M AAo?fy~~ w~d~r this pa~pravh ~h+ll b~ in ~ddi~ion ro, u~d sh+ll nof lirnit a r~strict. any a1+K riyht a riyhts q~nud
t!r Mort,pyN in Nws Mony~p~.
li. lf de Ma~9pon st tl+e tim~ of makirq this Mafpp~ a s~bs~o~rw~t fher~ro t~k~ an 1~/~ insu~r~s~-d~s~tinq tM Mortq~qe~ her~in u benefici~ry with a
co:~P+nY sDwoved by tM Mo.tq~qN a~uipm policiea to th~ AAortqsqa~ fo~ th~ awDou oS secwinp N» mwrpaq~ loan hereby tenxed. tMn th~ Mortp~pee ~hall
h~ve tM ri4M a W1? +~Y D~emiwn ~aruin9 ~reidM a~id pol~cip. ~nd ~II awns so e:aended sMll be ~dded w~nd b~can~ • w~ oi ~Iw pu+c~p~l indebeed.rss ua,r~d
by d~is Mortp+y~ ~nd ~hall be p~id by tM Mortp~9or 1o tM Mortp+qe~ in twetvr eqwl consec~~ive monthly iroulbn~nb, th~ tinl moaMlr insul6nen~ to b~ paid ~s +
I p~rt of tnd ie ~ddition to tM mw~~hly p~ynw~t dw u~der ehis 11Aort9aq~ ~n tM first ulendar n+omh folbw:np tM ~apendi~g of said swn. Su~h sw~n w eipend~d
E to bear :narpt ~t tM r~tt at wAich interaf is p~Y~bb ~ipon uid pri~cipal indebtednesa and ~Iw lien of Mis Mortp~q~ sMll eaxnd ro~nd secwe tht swns w eapended
~ toq~Mer wid~ inter~sf tMr~on u he~~.nbefa~ P?~vidd.
19. 7bM topNMr wifh aad iw odditiow b tM ~owf6lr porw~nt oi principol ond iete?est popoble ~nder tIN Mr~s of tlr nore secured hereby. Mortgogor
~ sbd~ pop 10 lAor~yops~ eod ~on1U ~wti aoid noM i~ fYllp poid, one-hrelfth (1/12) of o su~ pvol b tbe onnud pr~~iu~ due for fire, eit~ndcd co~erope.
ond oN~sr bo:wd iasuronu coveia~p N~e ~ortpopsd p~optrtp. p~vs ta:es ond asseswsnh ne~ doe ow NK ~wt~d prop~rh (dl os es?iwoted bp Nbrl9ogeel
I~ss op w~n olreody poid t~er~Fo?, owd b b~ di+id~d bp tbe avwber oF ~wntAs b elop~e priw to U~e dote wlrw wd~ baes awd assewwents sholl becowe
deliwqwnt. Soid so~s s1~aN b~ Mld bp Morqap~e iw trv~t or aedieed w N~e pri~cipol d tbe bon, to pop soid iwsrrona, bues, oed o~s~uwewb ond sholl
b~ oppFied a~ tlr pa~r~ewt tb~rwf wlwn dw. Mp ~ac~u IwW in trvst br INortpope~ vrhen wid looe is poid iw fdl sbaN be paid w MonyoQor, or his
ouiyas, o~ persond represenbtives. In /M~ ennf d a defouh or foreclosvre, soid wws beld iw hust ~ar be app~ied ow wqr cosfs oi douwyes sustained in
connectioe with t4e w1l~cfiw of tbe wo1~ tecvred berebp rrhetl~e~ bp wit, foredosrr~, w otbenvise. Mo~lqogee ~or fraw liwe M tiwe uf ib option vroive.
ond ahtr onr srth Noi~tr, r~instaft owr p aM prmrisiows hereof req~iriny s~ch deposits, bp wotica fo Mortyopw ia vr'Aiwp_ WhJe unr such Mroi~er is in
effect, Mort~opor sAd) poy t~K, asseuweab ond inwrance preuiv~s os he~ein eluwbere pro~ided_
IN WITNESS WiIEREOF, tM s~id Morty~yw Mr~+nb sNa hh hand ~nd sNl diis tM d+Y Md Ii+M fint abov~ writtM.
~ ~ •
~ '
~ S~prted. ~esled ~nd dtlivered ' . C- . _ iji .
in tM paent~ o/: , '
` ~~t/_
l/~~<~ _l~ v~_t~ Cts~?u
. SUE U. MITCHELL
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~ _.~L. ~~LGt _..•~?~1~~:~
/ BOOK PACE cJV
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