HomeMy WebLinkAbout0254 7. If ~ny of Nr ~w+r ei eamY Aa~in nfa~~d ~o b~ na vrwNP~h~ ~d ~N w~d wiu+in ~Airtr (70) d~tn n~at dN. tM ?~.radl~r Mco~ d.H ~nd wY~bl~.
o. il wcA w~d ~w~r N» aip,4~iona. ~a~ww+n. ca~di~iaa. w~d cov~n.nrs of .~id wan~•?«r ~ow ~nd ~Ai. morW+a~. a~c~A«. a~ na duhr a«1w/w.d. cawi~•e
witA ~nd ~d~d bY. IM ~yqep~N tww n»n?ion~d in s~id poTiawry noN ~MII Mcon» dw wd wY~W~ faMwiiA or MwN{Nr ~t tM oW~on o1 ~M Abr~p~y~.
u fir11~r ~nd co~oMNN if N~d pqrp+N ~uwi of ~w~wY wa ai9in~lM ~?ipvlN~A a E~ Mid on ~ucA d~y. ~r~~no ~n i~id p.o.lpwtl na~ a Mhin a N»
cOnh~ry IlOfwil~IM~•
Ts d~livw !e wid Allorty~9N. on er b~Fw~ 1As~tA ISM d MtA yM?. b: r~c~ipb wid~wtMq M» O~Yin~n~ ol ~11 4wfvlly in~pw~d baM fa 1M p~c~n9
c~Nndv 1~+~. ~o d~liw b Nid Mwfp~pN, ~~n~a4 ~,r:dw~unq NN p~~wrn~ 01 ~N lara la w+b~ic ~wproww»nh wiMin ninNy (90) ar~ afN~ tM aawr ~MII b~cew»
du~ ~nd WY~. ~nd ~o WY a di~clwp~ within ninMy lV0) d~y~ aftN dw d~N. ~ny w~d ~tl oovK~ro~l IwiM M~t nyy b~ awd~ on ~M ~nor~9+9~d WopnM.
on 1~ ~wrtq~9~ a noN. or in ~nY o~Mr w~ raultieq ho~ ~M Mwtp~y~ Ind~bt~s saw~d !~r Hd~ mor~p~pr, wd if M4 canditaw b~ nw cwwO~Nd rri~h ~nd pa-
Iawwd. uW ~aa~9~Y~~ T+y ow ~uch ~u.~ a suna wlwch ~MII b~can~ P~ ot M~ d~t s~cw~d A~r Mi~ inat9+p~. a+d s1wM bHr cn?aMf H M~ r~N of sia pw c~n1.
t~%1 PM ~+~w+~R Oh~abM ~tei-ww~lly wHi) p~id p uid Map~YN nyy ~IM tAH t~id nw~1p~9~ dtb tMr~upon ~caM dw and WY~bN forN~wi~A.
9. 1~ b furNw ce+~+t~d ~nd +w«d bt~ said P+~N+ rM~ in tlv ~wm ol a•uw~ b~:no inp~~vt~d w faalow fAis ~+wrt9~9~. N» Map~yM ~MII b~ ~nfiH~d a
+poM N~ny tir pw~iny wd~ for~closw~ wir w ~M cout MvMO iwi~ion ~haeof fa Nr ppan~n~n~ oi • ~~ceivw el dl u~d stnpu4r 1M ~p~d w~hl.
r?d of ~II My ~b. {otanM. Wo1ih. iuv~s and rw~»s ~Mrwi. fron~ whatwwN sowc~ duiv~d: ~nd Nw~wa~ it h Mr~bY ~apra~N row^Me~d ~+d prNd
~Mt 1M ca+A J~atl MNhwi~h ~ppowN • r~niw o1 wid ~naty~q~d pow~~ri dl ~nd sinqulM. ~nd of ~ucA nnb, incon~s. wofip. issw~ end r~v~nu~ ~Mnof. haw
wAN~ww sour~a daiwd wi~h ~M uswl po~w~n ~nd dutia of ncriv~n in lik~ c~se~: ~nd wcA ~vooan~wrn~ ah~ll b~ msd~ b1l such cowt ~s • inatne of ~teict ~iqA1
ro N» Morty~qM, in waawn. Ip~~ rpns~nNtiv~a or us7qr. ~nd wi~AaA ~~~nc~ ts Ny id~v~y a~~Y o1 tlr v~lw o1 tM w~fY ~~bY ~WY~d~
« a M~ wMner or 4aolv~ncY of ~M Mortp~oa. u+d tha~ such r~np profia. inco~r. i~sws a~d nvvwrM ~MII M~ppti~d M sud+ nc~iw ~o Ny wr~~ el My
~p~q~ ind~bMdmsa cab and cMrqN. ~aadwW ~o N» wdw of wd~ caxt.
10. N~ ca~wrana ~Aarld nwd~ by Nr Ma~ppor of Mr o~em~sM Mr~in d~scribd. a aiw o«1 ~Mrw1. w~~l+a~ ~M w~in«+ cawn~ 01 tM Mo~t9~aN. «+d
wi~haA aawro~ in ~pubr fanw d I~w by tlw pnntN of ~M obliqNion w ~h• MatY+ON cre~Nd by wid wawiswrY noN ~n0 tAis ~anw9~. ~Mn. and in ~M1
w«N. ~nd N My aWion o1 Ilr Mortp~q». ~nd wiNwN noNC~, aU ~wea of moMY s~cw~d Mreby sh~ll imn»di~Mlp ~nd concwnMly wi~A wd~ conwy~nc~ E~caw~
dw ~nd P~1~abh ~nd in delwh.
11. 1M~ in ~M ~vcm ~ o~«ni~ MrtEY ~~C+Y~d, a ww P~ ~w1. sh~ll b~ condrewd ~nd t~k~n tor OuWic uw w+d~r ~M oo~ ot ~in~n~ doe+~in.
Mr Mor+y~y~. ~h.n ha.. d+. .~qM ro d.n+a+d M~.~ •u d..uyw ,w.rd.d fa. M. r.t;~o o~ « d.~.p.. a..:d w«n~+a J»II b. pa~d w Nn Mo.?p.y.. w a Mv w~aM~
th«+ uw~~d on N+ia wwr~p~p~ and N iM optiaa of ~M Ma~aw~~ ~Y M ppli~d uvon Nr wr~n~na lasf pay~bN ~Mnon.
12. 1M nwrt9pa and~ Aina~lf nW to w~et w p~rwit b b~ N~ehd whr Mw build:eqs on tM w~misN Mnin ~nwty~qd a M~dd b a aMnrt to b~ ~dd~d
ro eMr ef IM ~aistiiq impowMn4 ~Mnan w~k~ usy eA+nY~~ er ~lhratio~s in uid imwowieynA wAid~ nrwiallp th~ ~M a~ or Mw us~ tAKwf. w~1AaA
tM writNn cam~n~ ot ~Ir AAor~p~qN. ~nd in tM wrnt ef ~r viol~tion x~nNnW w v.o1N~ ~his at~p~l~tian Mis nwrtp~q~ and all ~ums s~cund Iwr~M J~11 inr
nrduNl~/ b~toa» du~ ad colbttibl~ N Mr ap~lon ol tM Mafy~p».
1~. M is w~c(fiu~hl +9~Nd tM~ t~ i~ of tM eswrc~ of 1Ais conaxt w?d tha~ no w~iwr of ~ny ob:iyation Mrwedu w ef ~he obliq~tion s~cured Mr~bY ahalt u MY
~~m~ E~ Mld a M~ waiv« ot H» twn~s I+M~of a of Nw in~~ ~cvr~d ha~by.
11. 11 }onctosun proc~np~ 01 any s~cond m«~9~9~ a s~cond tnnt dNd or u~y pwwar li~n of any kind should b~ iratifund, tM Mw~wQee nuY. N in opr~on,
~mnrdishly a Urrwfhr d~clan M~is mwtp~p~ aod Nw w~d~lNdiws s~cw~d MnbY du~ and o+r~Eb fw~hwiMy and m~y N in .oo~ion Poc~ed M iweclos~ Mis
~9+W
13. To th~ ~atw of tM ind~bt~~~ of the MatWYw b Mr Mort9apN dnu~bed Iwein a wcw~d her~bY ~M Ma~p~pe~ h MrebY wbroqaud w tM li~n w
I~ens ~nd 10 1h~ ripAb of tM o~wn~?a and hold~n fhaeo( of ~~d+ w~d wwY ~nw?9+v~ li«+ a aMr incu~~r~nn on tM 4nd dacriE~d AM~in which i~ Wid and/a
utiafi~d in wAob w in pMt ow of tM proceeds o1 tM ba+ dncrcb~d her~in o~ ucur~d Mreby. ~nd th~ resp~criw li~m of ~a~d morrp~q~s, Ge.~s a oMx ~ncu.nb~ances
sAal) b~ a+d tM. s~nw and wch d tMin AsrebY h pes~rv~d ~nd shsll p~~s ro ~nd M IwW br tM Ma?p~yM !w«n u s~cwi~y fa Mr i~a w tM Mort9~v»
Mnin dncrib~d or hereby s~twed, ro th~ sa~ne ~at~ro tMt it wovld h~v~ besn W~serwd +nd wo~ld Asw E~e~ pa~w~ w ~nd b~~n MW bY tM Mlortp~pN Md i~ bten
duN and r~yut~rly asipned. Maru/~n«!, ut ovw ud del'v~r~d unro tM Mortg~yN by s~par+n de~d o/ ~ssiperMnt oow~duundinp tM fM tAa~ ~M sarn~ rn~y M
satisfud ~nd c~ncdbd of r~carq, i~ bsinq ~he inten?ion o( ~M parti~s MrNo ~Mt M~ s~m~ w~ll b~ su~~fi~d ~nd c~nc~IMd of ncad by :M holden rMr~of at w a0ov~
tM tinw oi ~M ncar6nq af Ntis inertyape.
16. lo pay all and s~nqvp~ Me cosa, charqes ~nd e.pensp. ~nclcd~++q lawve.'s (ees. rwnooably .ecurred w w~d af aoy e~me by ~he Ma~q+qee, bec~use of rMe
~s.t~.e of tht AFOfly~90r t0 ptflpfT. COI~pIy w~tA N1d abde bv ~A and every ~he s~~p~4twns. aqreemtn~s, cond~ewm. ai+d core++a~a of sa~d w~ssory no~e and eh~s
deed. w e~H~. and ~.ry suc~ paY~*~^p sMl~ bes~ ~n~an+ Irpn dare ~t ~he rate wov~ded ~n s~~d aan~sswv no~e. .
17. 1Mh~n ~n~r ~wot~N of awMY M~ Wid bY tM Nbr?p~0o? b tM Mwtq~qN unde~ Mr Ierms Mrwf aMN b~ in d~iwN. w sf~o~M N+~ Mwlq~yo~ defwN in
any of tAe qlw ten~s, provisiau a conditiorn d Mis Mw+q~y~, tMn and in Mn ua~ N+e Mwtq~ys~ sh~Il Mv~ Nr ripM, without naK~ ro the N1wr9+9or. ~o
col{ect snd anivr iraw ~ny Niw~t w In?N o/ aaid ~norq~y~d prawiws tM r~nb. iuues and pofin of ~M rwl ~sbt~ her~by rrwrtq~q~d and tM iinprownrn»
rheraon. ~nd a 9iw prop~r nc~ipts ud ~cpri»~rKS~ tl+K~fa, w~d atar paYin9 •N cemmissiaes of arry rental ~qwa collectirq tM sanr, and uhl reuonabN ~+arney's
f~ea ~nd odw ewctuur ~aper~s int~rr~d in eoll~ttiny s~se. b ~pply Me proceeds of such colkctiorq ~pa~ u~y indeM~dnesa. osliq~t:on or li~bili~y, of th~
Mortp~por hs?wndp. i!r riqht qr~nNd tht Mwlp~p~f u~dN tAis qrqr~pA sh~ll b~ in add~rion b. ~nd fhall nol lia~it or nstrict. ~ny ahp riqht p riqhri yr~nted
M~ IlAortpp~~ in th~s Morty~q~'
16. li Ilr Morppors af d~e ti~r of mskinQ dw Morfysy~ or wbwqu~nt Ux~~fo trk~ ovt lif~ 'nnw~e~c~ d~tiynatinp IM Mlor~p~qe~ he?ein q b~n~ficiwp with •
co^~D+^Y ~DD~~d hi fh~ AAwtyyN w+u~ym policies fo ~ Morfysq~ /or th~ a~~ of secwi~p ~M inwtp~ye Iw~ M?~M ucw~d, tMn M~ Mwtq~pe~ ~MII
Mve ~M rpM a pay aeqr pa~w~ ~cuvinp und~r Nid pO~KNf. and slt sums so ~apend~d sha~l b~ ~dd~d ro~nd b~cae» a pKt of t!~ pincip~l i~debredrwss suw~d
i L~r N+is JNorty~q~ and ahall b~ p~id bp Nw Mw~q~yw a ~I+~ Mwt9apee in tw~M pwl consacv~~~re rnonM+y iinullnwnn, tM fint mwnAlp imutl~nt a b~ p~id ~s a
oan of end in ~tion to t!y ina+~hh ptynMM dw ~w?dw this Ma~y~qe in the first cslendu nwnth iollowinq tM eap~ndnq of uid sum. S~ch swns w e~pended
~ ~o be~ :~Nrest ~M rHe N whicA int~rest is pY+b~ upon uid pinc:pd indebtedness ~+d tM IiM ol M+is Matq~p~ shall ~aNnd M and s~cw~ Mt ~wm w eap~nded
s toqerMr wi~h in~n~tt tMr~on u herNnEefw~ provid~d.
j 19. ila~ bpNl~er ~ri1M a~d iw odditiow b tM sonNJ?r p~r~nt of principol Qud inte?est popable ~der 16s Mr~s d 16~ ~oM a~cvrtd 6e~ebp Mortyo9or
~ shdl pop b Mw19op~e ~oc? won16 v~1a soid woM is fupy poid, oe~e-wdhh (1 /14) d o ww p~wl to tt~e oswval pre~iv~ dw for li~e, e:tesded oorerope.
and otl~er Iw:ord i~w~ane~ co~reriw0 tl~ ~oA~oped W~Wrh. P~us faaes owd asuu~enb ae:t dw ow N~e ~ortyop~d prop~ryr (oll os es6ioted br Mortpopee)
~ I~u oM w~n alnadr poid tlMrsfo?. aAd ta b~ d'nidsd bp.16~ wvwbe~ of wontl~s to ~lopw~ priw to tly daf~ rlwa wci toaea owd asuw~ewts shdl becwwe
~ delinqwnt. Soid s~~s shoM b~ Mld bp Mbrtyape~ iw bust w tudihd to tl» priwcipal of tM loow. b pop soid iswo~, to:es, owd osses~weMS ond dwll
~ bs opplied o~ Nw popMnt rM~wf ~rlww due. Awp ~ue~a i»Id iw Mrst bp AAortpope~ ~bee said baw is peid iw fYN s6oN 6~ poid to Mo~tpopw. or his
aasiyss, w perwnd np~es~wtotiws. I~ tl~e ~waT ef a ddoYlt w faedos~rr~. soid so~u 6eW in t~~rst ~wp be opplied ow owp cos~s oF dawwpes wsloined in
~ connMion ~itA tlr coUicfio~ d tb~ ~oh a~nrred i~~ebp ~efAe~ bp wit, ioredosor~, w ot~erwise. Mw~popet wwp (ro~ ti~e b tirws ot ib option roire.
ond ofter o~y wd~ ~rai+sr, niwstoN ewr w o6 prori~iow~ I~~of rpuiriny sucA deposib, bp noric~ b Alortqopw iw ~riti~y. W6Je mr sucA waioer is in
~ effect. Morlpoyor abl) pwp to:es, ussesswenb ond iwslAo~ce pre~iu~s os htrein el~e+~here prn~ide~l.
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IN WITNESS WHEREOf, th~ f~id Mortp~qor Inr~w+lo ~ his A~nd ~nd s~al Ihis ~M d~y ~nd yw iirst aboN vv?ittN~.
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" Sqrted, u~Nd and delive~ed -----(SfAl)
t~„ w•,,,x• - D . ROMANO
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_ J _ -_M. ROMANO
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