HomeMy WebLinkAbout1079 R 1• Yw~w~R sw~P~ w~w~ ~.w w.w ~I .w•. ~ ^
7. H aMr ~f N~ w~ e1 wawl? ~~hrnd N M wN Mo~Wb ~ f~Mf? v~ w~~Aiw Miny p01 dw~ w~,~ dw Mr wM w~~11y b~cowy b.~ ~w/ wr~.
eR 11 McA ~~w~l 1M Ni~M~ie~. +Vr~~ cw~d~iar. ~ cw~n~M~ d uid wawMwrlr no» w~d Mw w~or~9+M. a«Mw. ~r~ na dulr oN~aw~A. ca¦VMd
wi1A ~nd ~bid~d !Y. IM ap~p~N w~w nNiMion~d fn w~d pawi~wry noN ~M11 bKOwr dw ~nd Ow~bN fafAwilA a MwwMM N 1M oO~on o1 tb Mx~y~OM.
oewa~ry ~dnw~wiYp.~ N wM porp~» w~w ol ~Y ww aiyi~~b u~w~Ml~d N a w~d a~ wd? dw. aiw~Y jn s~ia poiwiwa~? noN a I~M N M»
ie ddir+r N wW M~er~MV». ow e~ b~lon N4rch 15~A of ~RA Y~N. t~a no~ivM ~d~ncM~ N~ ~u ef d1 I~wlvlly i~ww~d uaw la Ny onadM
uNedw Y~. a d.~~wr a..W ~?wny.y~. np~pH widw~t~M 1M Wll~/ d~N YM~ 1M puWk ~ MIAie nhMh dilh afNr IM a~ sMll OKaM
dw and ow.oM. ~nd a wr w~M~+~ ae.N l9M d.n ~twr dw eM.. .~w .wd •u +b~ w~r e. ~ae~ ow w~. .a.~a•a~ woo.~b.
en Mh war~MO~ a wo». ar M~r o~lw whr ravhuw hew ~M Morf~ Ind~4hdnns ~w~d sy ~Ah iwor~W9N w~d if tlr~ condukw E~ not cowio~i~d w~M ~nd o~•
1ww~d. wW w~orraq~ ny~ vw wd~ ~un~ a wwr wl~icl~ ~MII bcan~ o+„ d tM d~W s~aw~d b~r ~h:s rww~WY~. s~+d sMU bw inh~«~ Nw r~h e1 ~ia pw c~nt.
PM wMM? W1~~M N~i-ww~lhl ueH) pNd or tai0 MaIy~YN wyY •1.c~ ~N wd ~onwa~ d.M Nw•wo~ Mwey dw M+d par.bN fwN~wnA.
9. N h fu~tMr cow~+Nd ~nd +9iMd br wid prtiu tM~ in ~M ~wnt et a~uit b~ino inuiwt~d ro fw~cloN Mi~ n~aq~q~. Mw Mor~WpN ~MII b~ ~rui~Md w
~ly M~nY tiwr pMdiiq avtA ta~clow~~ wi1 ts Nr twrt MvinO 1wi~dk~ian N?a~oi fw 1M ~OPa~tnrnt of • rK~lvn of NI ~nd ~ieWIM IM ~wAW9~d ProPMtY.
~nd d~M M» neu. tweo~ti pefiU. i~wa ~nd nvMw~~ Nwwf. ieow wh~MOwa wwe~ dKiv~ ~nd tMr~wa~ it h Asnbtr ~:pr~ly oov~n~nqd ~nd prMd
IMt M» towf ~hall for~AwiN~ appoi~a a nc~ivw d wfd mor?q~o~d papNM. ~1~ ~nd ~inpul~r. w~d e1 ~uch n~b. inca~. wofin, itww a~d nwnu~ N~~of. haw
wh~he~wr sawa dwiv~d. wNh ~Ir uawl pown and diAia d e~iven in Gk~ us~+: ~nd ~ud~ wPO~mnrw~ ~MII b~ w~~ M such cowt a~ nw»a ef s~.ict NyM
b fM Mor?9~YN. iN woow~wti Mpd np~?hliwa ar +u~q~s. ~nd wiN+oul nhrM+a b IM +d~V~Y a 1n~d~p~~cy oi IM v~lw of Ny W~~Y ~~Y ~?9~4
a a ~M ~oMncY a~e~wncr ef N» Ma~wao?. M+d M+~~ sud+ nn~, protip, incoer. tuws wid rev«+uM ~MII b~ +vo~i~d bt? wd~ nc~iv~. ~e M~ arn~n~ 0/ N»
narrW9~ Ied~NdnK~. oab ~nd dw9M. saadM~Y a IM adM of wth coutl.
10. H~ cenv~Y~~ ~hould b~ wyd~ bp tM Matp~Oa oi IM w~isw lw~iw dnaib~d. or ~M/ P+rt ~Mno/. wiMart 1M w~iM~n cau~nf of ~M Mw19~q~. ~nd
~ritha~f ~uuwiWion in rpu1M Iorsw of 4w ?y IM pr~n1N of 1M obli9Nion b th~ MorfW9» crNNd by wid 0~~~~Y noN Md Mi~ matq~Y~. ~Mn. ~nd in that
~wM. ~nd tl the opfien ef 1M Mo?ty~pM ~nd wiN+aR nofic~. dl wnr ef naMY ucw~d IwebY sMll i~diq~ly ~nd conewe~Mb wiM wd~ ca+wyanc~ bcow~
du~ and O~1~aW~ and in d~iwN.
11. T!W in ~M weef ~M P~«ni~ MnbY na~t9~Y~d. w~nY P+M tMrwl. sMll ~ conde~d r+d qk~n ior Oublit uM w~ tM Porq? of ~in~nt dan~in.
Mr Mbe~Y» ah~ll Mv~ t1r ripM a dwnr~d Mu ~II drn~q~a ~ward~d io? N» ukinp d w d+~yu a swd p~nwsa ~MII ~ qid a tM M1w~9~9~ w w Mw ~na~+t
Nrn wip~id on Nw w+w~9+Y~ ~nd at ~M aption ef N» Ilbrtp+pM rn+f~ ~~oo~d ~oa+ tM wY~b taf p~~M tMrwn. ~
14. lM warlWya bind~ l~a~sel! nW b~ne1 a p~rn~it ro b~ ~r~cHd ~r Mw brildn9a m 1M pnmiw Iw~in e~ap~0~d o~ b ~dd b or pwmit b b~ ~dd~d
a uw of tM ~aiatinq imprown~+~s dwnon w~b ~nY ehr~p~ or ~heatioea in uid inw?ov~nMnb whid~ wrwrially ehr~p~ N» wM a ~M us~ ~h~rw1. vwMaA
N» writqn cont~nt ef dr Monp~pM. ~nd in ~M w«+t o~ +iw violatan or ~tNrnq a violsa Nws sNpu4tion thia matvW~ and ~11 swns s~cvr~d Mr~br shsll iw~
w~di~hly b~can~ dw and colhct~bN N tM eWion ot th~ Mony~~. -
1~. (t h sw~ifiully ayrNd tMt fiwy i~ ot tM ~ss~ne~ of ~his eonu~et ~nd ~Mf no wsivN o/ +enr ob:ip~tan I~wndw or of fh~ obliquion s~ewsd ha~M/ shaN any
tin» ~ Mld to b~ • w~iva of tM Nrms Mrwf a o1 tM imMwnent ucvnd Mr~by.
1!. If fa~closun v~~~ 0/ r+y s~cand maty~~ w s~cond mnt dwd or snY iwrw li~n of ~nr ?ind sAouW b~ imtituhd, tM IVAonp~Cee ~Y. ~t ia uW~o~.
imwwdiatdy w NwNfIN d~cl~n tAii ~nortWY~ and tM ind~ENdnsa~ s.cu..d h«•br due w~d araw. to.dn.rid~. «~d e~ar ~t iri oP?ion aoc~ed to iw~tlos~ thi~
n~orl9~p~-
13. To tM ~aNnt oI tM ind~bNdnus oi tM Nbrtpapa ~o tM A6wt9+qe~ dnuiMd Mrein a secw~d Mnbv ~M Allafppe~ n hueby suMoqaMd ro tM liu~ a
li~nt ~nd w Nr riqhb of tM owiws ~nd hold~n Nwreof of ~ach and ~wry ~nor~y~y~ lan w aMr incwnbr~nn on ~M I~nd dau~b~d Mrein whicA b Wid and/a
s~tisfi~d ie whol~ a in part ow of N» proce~ o/ th~ Iwn descriMd ha~in a s~cw~d IwrebY. +~+d Mr resp~ctiw li~m of s~id iawf4+ye+. I~a+s or Wher incun~branca
ahdl b~ and tM. s~ and wd~ of Man Aereby is o~~servad u+d ~haq psa a and b~ Mld bp ~Iw Morp~qN Mnin a Nan~b lor Nr ind~bNdmu w ~M Morewv»
Mnin dncrib~d a hereby secw~d, a N» s~nw eatent Ny~ it warld Mve been p~sawd ~nd wou~d hav~ b~en wssr! b snd b~~n M1d bY tM JNonp~pN Md it been
duly ~nd rpulrly usiyn~d, tramiar~d, sN wa and ddiv~r~d ~nro tfw Morty~qN by s~p+wN d~~d of usiprn~M noewiduundinp Nw fact tM~ tM a~n» ~y be
s~Ksfi~d and cancylkd of r~cord, it leinq tM infantion of tM pani~s I~ero tMt tM sam~ will be utisfi~d ~nd c~nulkd d recwd Ey 'M holders Me~eof al w about
M~ tien~ of th~ r~eordny of Mis ~nwtp~y~.
16. io pav +11 and s~ny~lar e!K cosrs, chuqes ~nd eapenses. ~ncl~dinq lawrer i(ees. rcawn~bty ~ncwred a p~id ~t ~nr nine by ~he Mor~ga9ee. becauu of tAe
fa~l~re ol ehe Mwrq~qor ~o perfonn, coenply with and abide by exh ~nd ere~y tMe st~putatw~s, a9reements. conbt~ons, and covsnams of sa~d pom.ssuy note a~d rh~s
deed. a e~+l~e~. and every fuch p~yments aMll bea~ imtrest fran dare a~ ~he rsee pov~ded :n said pan~ssaY ~o~e.
17. Wlw~ ~r ~ma~N of ~y te b~ W~d b'1~ ~~q~Ya m~~9~9» w~d~~ tht Nrms Mr~oi ~MII b in dtfwh, or should tM Mort9~qo? dtiwh in
amr of 1M odrr Ier~a. poviiwm.or conditiaa oI Mis Maty~y~. M~n ~nd in thp us~ tM Mortp~ye~ ~MII Mv~~ dr ripM, wi~hout nolic~ ro Mr Mortp~yw, w
colMct and nceiv~ fran ~nr hn~nt a I~a.w d wid mwry~p~d v~ea~ius eM ?~na, iasws ~ed Profi~s of ~M nal p~~N Mr~by nwrfyayed and NN iinp.ov~ma~b
flweon. ~wd to 9iv~ O?opa r~c~ipts ~nd ~cqananoN tMrefor, w~d ~ftu payinp all coenmiu:wu of «w ra~at ~p~nt edlMinq t!r f~me, and +rw r~on~ble ntorrry's
fMS and- oNw mtt~sry ~ip~ry~~ incwr~d in eollMiny s~, ro ~pply tM proceeds of such colkctiona upan ~enr ind~Ehdness, obliyNion a li~bili~y, of tM
Mwtq~pw hen~rider. ih~ ripht qwnNd tM AAorp~yN w~d~r this parprapA sh+11 b~ in add~an to. ~nd sh+tl no1 liiat a ratricr. ~e„r oUwr r:yhr o~ riphb panted
Ih~ Morfy~qN in this- Mat~q~.
; 16. N th~ AAatOpws ar the tim~ of makieq this Mortpp~ a wba~qu«~t Ma~to tab ou~ lif~ imw~nc~ d~siqnatqq dw Maty~ye~ herein u bene~siary with a
I ~W~Y ~OWOn~d bY 1M Mbrf9~OM o? usiqns policies to /M Mortqa~ for th~ 0~?POS~ oE setwinp Nr nwrlp~q~ IoM~ herebp secur~d, th~n ~Nr Mwppe~ fMll
k luve tA~ rtl~ ~ P~ +~Y V~~w~n aa~uiny undr uid polici~s. and all awns ao eaveod~d shalt be add~d ro and b~coar • WN o( ~M P~~~WI indeWcdrrss s~cured
; by eF~is Nb?~y~ ~~nd shall b~ p~id bp Nw Mwfyaqw ro tM Mwtppe~ in tvwlv~ pwl eaenecviive nwnfhly iruullnwnM, tlw fint monN?ly inst~tl~nr to b~ psid as a
` van of snd in adQition a Nr monfhM wY~~ dw unde~ this Mor~q~y~ in tM fint nlendar nwe~M folbwieq tM ~:DM~iiq o~ said siwn. Such swm w eaperded
to bea~ inmest at N» rNe s1 whicA :Mwesf is p~y~bb tqon s~id p~ntiwl indebtednai ~nd th~ lim of this Morty~q~ ~MII ~a1~nd b~nd sscw~ rlr swns so ¢spended
toyether vri~h inarat thvwn u herNnbefor~ povid~d.
19. Tbet toyellw~ ~ri11~ awd iw addition b tl» wowtlJp por~t d priwcipd aed iaterest popable rnd~r ~be Nris al tUe woN sacv~ed I~er~bp. Mortya9w
slwll poy.b Mwtpa~ee ~ocl~ ~on1h wA aoid woM is 1ull~r poid, w~e-h~elhM (1/12) of o sww p~w) w M» an~Yal pre~i~ dn~ for fir~, eat~wded cmrerope.
ond oN~er I~ord issurasoe cowr'rq tA~ ~wtpop~d P~~~h'• P~~ 1o=~s wd awsweb n~at dw ow /M ~orl~o~d prepKh (ad os esti~a?ed bp Morqagee)
I~ss aU ww~ olr~odr poid tIKr~Fw, owd b b~ divided br tIK nrwb~r of ~oMMs b dopw p~ior ~o dn daM vlww wd~ Ioa~s owd a»eswwts s1~aN becowe
d~liwqwwf. Soid w~s sUoN b~ MW br Morlpo~~ i~ trvsf w a~ditad b N~s priwcipd of tM loow, b po~r soid inMawp, bae?, aed oa~eawwb ond slwfl
b~ opplied o~ t6i po~rwent tbKwf wMw dw. Mp ~~cc~ss INId in trvst bp Nbrqoy~e whe~ soid (ow 6 poid iw fdl slwM be poid to MoreOopor, w bis
ossiyes, o~ Persowd ?~P~~bliws. Iw IM ~nt of o de(ovlt or foredosore, soid w~s Mld in hvst ~op M opplied w wp cmis of do~opes sustoined in
conn~clion writh tlw coll~ctioe of tl~e woM s~cvred ~ertbr ~rl~eN~er bp s~it, lwedos~n, a otl~erw6e. Mo?qoye~ ~al fro~ liwe ro tiwe ot i1s option vwive,
ond ofMr anr srd~ ~rai~er, r~iestofe a~r a aN prwrisio~s Aereof ~p~irisq wd~ d~posits, bf wotict b Mlorpopor i~ wriF:~p. WM~e owr wch oairer is in
eHect. Morqopor shdl poy twces, asseswenb ond im~rrowce prewiuws os 6er~i~ elsewber~ prerided.
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IN WITNESS Wi1ECEOF, tl» s~id Mortp~pw I+uwna wb Ah Ard ~nd wl ~hia fM dqr ~nd ~r fint abar~ writlM?.
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- Si9rtad, a~~lad and.delivrtd - ` - '
a.,~,x. NALD E . McGLENSEY ;
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CONSTANCE A. McGLENSEY ~ '
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