HomeMy WebLinkAbout0790 If My OI IM W~M 01 ~weM~ AM~iw ~~fMr~d N M M1 W~WN ~ ~~M P~ w.Min IA:r/y l~0) d~rs M~1 ~INr NM w.. ..r..+ur b.co~. ar. .ne wr.e~•.
w ff wc~ Md ~vw1r M» Wi0u4~ioM. pn~nN. ca?a~ioM. ~n/ caww~~ ef ~~id o~~+?wr1? ~aN ~nd N~i~ w~or+~. w N~Mr. ~r~ wa duh oKlaw»d. caro~~~d
wiM ~nd ~bid~d M. tM ~prp~N ~ww nwM~a»d in wid woiwi~wry noN ~f4q Mcany dw and ar~N IaMw~~A o~ NwwlNr N Ny oW~on ol ~M Ma~y~~.
a hdly ~nd ca~wl~b w N Nid pqrw~N ~wA o1 nw~r Wu aioin~lly ~~iou4t~d ~o b w~d on wcA d~Y. ~~9 in Nid pa~4~a11 nw~ a Mnin b M»
connar~r no~wiNa~~ndina.
To d~liw N s~id MatM9N. ow w M/on N4rd~ IS1A ef NtA Y~~r. ua r~c~ip1~ evi~rcirq MN MY~M~ el ~11 I~wlully iwpoNA 4¦M lor ~M O~K~~Y
c•I.nd.r Y~+~. a ddivw w wid Monq~p.~, ..c.ip~s w~dw~cwq N» wr~~ 01 ~11 li~n. 1« o~k ~aa~«n~+n wciAin n~nNy (00) d~r~ a1b. Nr ..~w ~MU bcow~.
dw ~nd WY~M. Md b MY a di~cArY~ wiMin ~inM1~ d~ri ~fN~ dw d~N. ~nY w~d ~tl pow~nul Iw~n Ma~ n~r ~~d~ oe ~M wa~Wp~d w~ffl.
on N~ia a~orqp~ or eoM. a ie +~r ahM wnr ruultiw0 hom Mn Mer~pp~ ind~4»d~ru s~cw~d A~r dtis ~nor~y~pr ~nd ii Mi~ con6?an b~ ew cowiplNd w~~A «?d pa
/erwwd, w1d rwarWYN ~+t~ ow wd~ ?wn a~unM wAicA ahall buowy w~+ el ~h~ d~W s~cw~d br dws wa.~pp~. w~d ~MII bw intNM~ N ~M nw ol ~ia pa c«u.
l~%1 vw «rr~.~, ar~bw ~~+row~i~y vnrtl p.W «•a~d Morro.a.~ auY ~IW N?N wid wa~ty~q~ d~bl d»n~ipon Mcen» dw a~d P+ribN IaMwiM.
9. It is fu.Ma co+w+~nud ~nd +w~ SY said a+„i~s tMt in ~M w~M of ~~ul~~b~inq ins~~wqd a fa~cbw Mi~ nwrtp~q~. Nr AAap~p» Jwll b~ «uitNd a
pply N+iw ti~ 0~~0 sud+ fonctww~ wit a ~M cawt Mviip fwi~d'ictan ~Aw~of for t1N wvoimn»n~ d• nc~ivw of ~11 ~nd s~npu4r tM mo~tp~Y~d o~~~Y.
~nd ot ~11 1M nnb. lncoers. wofi». iaw~s ~+d nvMws f~ow~ wMho~va wwc~ dniv~d: and tlw~won i1 h Mr~bY ~¦a~ah covenMU~d and prMd
tM1 ~M court Jwll ta~hwith appoinf • nc~ivN d~aid morp~q~d pow~~Y. all and sinqutar. w~d of sucA hnb. incaw~a, pofia, i~sw~ end rw~nu~ ~w1. f~aw
wh~nwwr wu~c~ dnived. wi~A d» wwl oow~n and dutia d~~nivNS in lit~ us~s: «+d svch wvo~ntwwu ~Mtl b~ nwd~ ~ sucl? cowt u~ nynN of ~xic~ riphl
b Nr Morty~yN. if~ ~utcasah Mq~l ~~utivM a uat9e+. and wiMaA rti~r~nc~ w tM ~d~ou~ctr a in~d~puaY oi M~ vNw d Nr popaty M~~bp wia~~y~d.
a to ~M solwneY a u+solwneY o~ N» Map~pa. ~+d ~Mt sueh r«+f, wofih. ineo~, iuws «+d r~wnuw J~1 b~ appli~d ar sveA ne~ivN ~o ~M own~+t oF /M
IIlOflp~y~ 111~NbNl~~ tMb M1d ChNQN. KtOldilq TO t1M pdM O~ iYfti tO~M1. ~
10. If ~ conv~rwin ahould A~ nwd~ M Nw MbnYww ol Nr we~aM Mnin dexri0ad. w rw v+~ ~Mno1. wi~Aarf tM vinithn ca~sM~ o! ~M Matp~y». ~nd
wiNauf ~sauew~~on in rpu1K for:w of I~w by tlr p~nN~ oi tM oblipNion lo ~h~ Mwty~pN cn~Nd M swd P~awiswry noN ~nd Mis aar?9+y~. Nwra and in tAat
~nt. ~nd N fM uWion of fM Morrp~p~~. and wiM~oW naic~. ~tl ~w~a of nwerv ~evred MrebY sMll iwr~rdi~hN M+d concwnntlp wid~ sucA convepr+n E~cawr
du~ ~nd WY~bN ~nd in d~twh. '
11. 1M~ in ~M event ~M p~s~s Mr~by nartq~~d. w MY PMt MNfWI, ah~ll ~ cond~~d ~nd /ak«+ far puWie uw undK tM owwK o/ ~waewnt dan~in.
NN Morp~y~ sh~ll Mw Nr riqM a d~nd M+~ ~11 d~~q~s swrded ia tM akinp o1 a d.n~.q.s a~rd a~ ~+11 b. w~d ro Nw Ma+q~q» up a ~M amoum
1Mn unP+id on N+is mw~9~ +nd ~t ~M eption of fM 1MorW+9N n~Y ~~OO~i~d vow~ ~h. wr+n.na lut p,y.bN ~Ir.~a+.
14. iM aar/p~pot pindt himself nW b~nct w panwt ro b~ e~~cqd a+Y Mw Avildeqs on ~M p~sa Mnin nwny~q~d or ro ~dd a w per~~ a b~ ~dded
to ~eqr of IM ~:isrinp impov«nM+b tMr~on or m~k~ ~ny clw~ya a~INr~tiom in s~id iinprownw~ts whid~ ~?Mia~hr ehr~y~ N» s+nw a ~Ae ~+s~ tMreof. w~M~ow
tM writNn com~nt of tA~ Mortp~pN. and in 1M ~wnt ot ~n~ vid~rian or ~nanp~ a vio1~H this s+ipu4tion Ma merfp~p~ and ~II ~una i~cwed Iw~~Ay sMll i~n-
~Mly bcan~ dw and colbc~ibM ~t tM option ot tM Monp~q»•
1~. lt ia ~p~cifwlly ~qrNd tMt tinw is of tl~ ~ss~nc~ of ~1+7s comrx~ ~nd th~t ea w~iwr of ~ryr ob:iyation hu~ a of fIr obli~t~on sscwed Mreby s1+sI1 ~t anY
~wn~ M Mld to b~ ~ w~ivK of tM twma Mnof a of Nr irotrumeM secw~d Mr~by.
11. 11 fancbaw~ pocNd:nqs of ~nY s~ca+d mwt9~p~ a s~cond tnnt ~d or ~Mr i~a li~n o( ~r kind shoutJ b~ iiytiwnd, tM Mw~4~ee nuY. at iq op+ion.
ienn~di~Nly or M~rNfnr d~clar~ Mif mwt~~ ~nd Nr ind~bt~dn~a ~~cw~d Mr~bY du~ ~nd Wr~DN ionAwifA, and en~y N in aPtion Poc~ed fo iweclo~~ this
mwtp~p~.
13. To tM ~aNm of ~M ind~b~e~~s of the Mortq~qa a th~ Mwty~~ desuibed h~rein a s~cvnd M?~by ~ N1wtp~pe~ is Mreby su~ro~kd ro th~ lien a
li~ns and to tM ~iqAh of M~ ownMS and holden Mereof oF ~scA and ~wry ma~y~y~ lien p o~her inarmEr~nc~ on tM Iand d~scribd Iwr~in vrhicA is w~d and/a
satisfi~d in wAoN w i~ p~rt ou1 of M» proceadi oi th~ lo~n describtd her~in a a~cu~~d MrebY. +~d M~e resp~ctiw G~m of s~id ~na~q+yes, liens or aher :ncumM~nces
aMll M and N»_ wrw and ~xh of tMm hereby is pr~aerv~d and Jyll psss a~nd b~ MId br Nw Mor~paq~~ Mrw+ a s~cwi~y (w d+~ ind~bNdn~a ~o tlr Mw~p~qN
Mrein descriMd a Ac?~by a~cw~d, ro Nw sa~ e.rem rhat i~ would have be~n pr~urv~d and would h~w beee pa~rJ a~nd Eean Mld by tM Monp~yN Md it been
duM and rpubrb ~uipn~d, haroferr~d, set owr and ddiv~nd ~nro ~Ae Mor~9+9~ bY ~~P+~a» de~d of ~ssiq~m notw~thsfwd:np tM fact tA~f ~M su~r may be
utisf'ud u~d cancetkd of ncwd, it be:ep tM inwntion of th~ pu~~es AerNO Mat M~ sam~ w~ll be sHisfied ud c~ncelkd of ncad by :M holden tA~reof at a abovt
th~ tim~ of the r~cading oI N+is mortq~q~. '
16. To paY aod s~ngu4r rhe coses, charges and e¦pense+. ~~cl~dmg tawrer's lees, reasooably ~ocwred w w~d any bme ~y ~h~ Mortq~qee, beuuse o1 ~he
Ea~tu.e of ~hc Moreqaqw IO p!r/pin, Con+ply w~~h Md ab~de by e~c1~ ~~+d evnv ~he ?npul+~~ona. +q~ee~+~ents. cond~~ons, and corenanrs of sa~d pom.sswy rote and ~h.s
decd. w l~thN: ind lvNY sucA p~yments sAall bear ~n~e~es~ trom da~e a~ N~e r~~e prov~ded m s~id prom~ssaY no~e. .
17. Wh~n any anamt of ewrwy M b~ p~id by th~ Alorfp~ya b tM Morty~pN wd~r M~e /~rms Mrwf ah+ll b~ in defwh, a sl+o~Id tM Morepapw de(~uN in
~ny of tM odw tams. pov~sions o~ conditioro of this Morf9pe, th~n and in M~e us~ tM Malp~pe~ shall Mw fIM riqht, without IIpIK~ to rM Mor~qsyw, ~o ~
col{ect u~d rutiw f~an anY 1an~nt w IesaM of s~id mwtp~ped pewr~a 1M r~nM, issues and poGts of tM rwl aqb hereby ~no?t~qed ~nd the iinprovem~nb
thareon. ~nd a yiv~ propr nc~ipts ~nd acavinances ~Mr~far. ~nd afre~ p~y:np •II commiu:ona of ~ny r~nul apent coll~ctieq th~ s~me. N+d ~nY rason~ble auwnsy i
f~es snd o~hw nete~wy ~ap~na~s incurr~d i~ cdlutirg s~en~, b applr tM Woceeds ot s~ch collect~ons upon any indeM~6~ess, odl:~~an a liabiliryr, of tM
Monq~yw Aenundar. iM riqht p~nted the AAwtp~y~e w~der this p~rpr~ph sh+ll 6~ in adddt~an to. ~nd sAall nol limit w nstrict. ~eqr aMr ~~qht w riyhn yr~nted
th~ Morty~pN in this Abnp~ye.
~ 1Q- If ~M Morty~yws ~t the tim~ of ~kinp this Mwtyp~ a subs~q~~nt tl~ereto tab wn I~f~ ins~w~nc~ dniyn~tinp ~M Mwfyaqe~ herein ~s ben~fici~ry w~rh a
~~P+~Y +DWoved by fM AAOrtq~yN a~asiqru policies to tM Ma~q~ya~ iw M~ pwpos~ of securiny Mr nwnp~qe lor+ hereby stc~rtd, tMn tM Abrtq~ye~ shall
~ l+ave ~M r:qht to p~r any praniwn accrvinp und~r uid policies. ~nd all sums so eapeeded shall M added a~nd b~can~ a pnt of ~M pincip~l i~deb~ednes~ :aaw~d
~ by thia Mwqep~ snd sAall b~ p~id by tM Mwty~9or b th~ Mwtqape~ i~ twelw eqwl consccwive mon~hly inst~llnrnq. ~M fint monMly iintatlm~n~ to b~ paid ~s a
~ part of end in ~dd~tion ~o tM mo~,~hy wy~~ dw ~w~der thia Morty~9e :n ~M fint ulendsr rnonth fdlowinp M~ ~apendiny of said aum_ S~ch sums w eapendsd
to besr :n»rpt ~t N» ra~e st which int~rest is p~y~bM ~rpon s~id pinciwl indebtedness and tM lien of Mia Nbrtq~q~ sMll eahnd fo ~nd secw~ ths swro w eape~ded
toy~rher wi~h interwt tMreon ~s hert~nbefor~ provid~d.
19. Tbt toQeN~er Mrilh owd in addition b the sonf6lp porwtM of priwcipd md in~eresf popobk w~der ~Ae tene of t6e no~r secvred herebp, hlortgogor
shdl poy eo Mwt~pop~~ ~ac~ ~onth unN soid noM n fullp poid. one-f..lfeh (1 /12) of o w. p~wl a~e onwuol p.e.iw. due tor fhe, eatended cooeroge,
and other Iw:wd inswasc~ oo~sriny tbe worfyoyed Wope?h. P~YS loaes ond mseswnb nezt dw w tM ~ortpop~d Prop~rh (dl os esMwted bp Mortqageel
leu aN w~s ol~eady paid tber~fw, owd fo b~ divided bp tM nu~ber of wwnt6s fo daps~ priu ro tl~ dot~ wU~n wd~ Iwces owd ouesu~enh s6d1 bcco~we
delinqwnt. Soid wws s6aN 6~ 6~Id bp Mort~opee in trust or a~dited b fbe priwcipd o1 tbe loo~, ts pop soid iwsvrown, toaes. ond ossesunceri ond slwll
be appli~d ow tM porwent 1lrreof when doe. Mr euess Mld ie nust bp Mortyoyee when wid loow is poid iw frN sAoll be poid ro Mortyopo~, or his
ouigns, or psaoiwl repres~ntotires. In N~e ~+ent of a de(auh~ w foredos+rre, wid suss beld in trYSl ~op be oppliwd ow mr wsts of do~oyes wstoined in
conn~ction with t6e cdledios o( Nie noM secvred 6e~eby ~htN~er bp s~it. (oredos~re, w ot4er~ise. Mlor~pope~ ~or (ro~ ti~e 1o fiwe ot iri option ~oi~e.
and ofNr anr aodi waiver, rtinstaf~ onr w oll pro~isiows he+eol requiruq wch deposib, bp notic~ b Mwlpopw iu ~rritiwy. Wbile wr sucM wai~er is in
effM, Mort~opur sholl pap ta:et, assessweeh and insuronc~ pre~iuan os hereie dsewhere p~orided_
IN WITNESS Wr1EREOF. tM s~id Mortp~~or Iwrwnro sH~ hi~ h+nd ~nd s~~l ~his tM d+y ~nd yw fint ~boN writtM.
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~ S~prted, se~led and deG.Kred G@Or @ A. Blair c5~?u
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