HomeMy WebLinkAbout2770 1~ Owform. cwrwh w~~h ~nd ~b~d~ b~r ~~cA ~nd ~v~y u~pu4r~ons. ~WNmMq. cond.non~ ~nd csv~Mnh ~w u~d p~aw~nar noq ~nd dkd aN (wM.
7.. 11 ~r d M~ ~v~ o~ mon.r Mn~w r~1..r.d a b. na oraro~N u~d 1~ib w~e w~~Ain ~A~ny (~O) A~yf M~1 ~IIM NN u~ s~ver~llr Mcon+~ d:~ ~nd wy~b~~.
er i1 ~~iA ~n0 ~v~ry Ny ~~ipub~~om. +9~~n~nti. condi~iw». ~nd cov~Mnh of uiA pan~~sory noN ~nd N~ w~orp~~. o~ ~.N.~r. v~ na dulr V~anwd. coTPl~ed
wiN~ ~nd abid~d by. My ~Oprsq~N sww ~newMd in u;d panlssay no~~ sMll Mcan~ dw ~nd pay~bl~ Ia/Aw~~A a NwrHlq? N IM opwn ol N» Ma~~pN.
fully ~nd ce~wMNM M if N~A pq~p~~~ ~w~ o! nw,wy wN a~p~n~ily ~~ipvl~td a 0~ w~d on sucA dw. anylAinO in Nid pww~wry noN a Rae~n a 1i»
conhNy no~w~bndw0. ,
le deliv~? N s~id Morq~p». ew a O~tor~ IY4.cA ISd~ ol HcA v~N. ~~a renipb wtdMCinp MN WY~t o1 dl I~wM,11p in~poNd ~~aw 1a Mw W~s~d~ny
c~NndN q delivM le uid Monq~pM, nc~ipts ~vi~~nq fM paYme~~ of ~11 li~ns la public i~pownrnM w:fl+iw n~mty (90) d~~n ~ItM tM fawr ~1u11 E~cowN
dw w~d P~Y~ON. Md w WY w di~cAw~ witAin n:~l (90) d~Y~ ~h~e du~ d~N. ~ny ~nd ~11 povNem~nul I~v~~s Ma~ .M~ b~ nyd~ on ~M ~na~W9~ a~M.
on Mi~ narp~q~ a. noN. a in ~ny o~hM w~y r~svtr~~q f.aw N» Ma?pay~ ~nd~bf~w ~~cw~d sy ~l+cs rwor~p~p~; Md ii ~hi~ cond~~ien Aa na cwwG~d w~M ~nd pe.-
fan»A, uW nw~~p~q» nry pap ~~+cA ~vrw p sw~u wh~cA ~hall bcan~ wrt of M~ d~t ~~cw~d bp ~is ma~qap~. ~nd ~MII !~v i~Nra~ M~ nM ol ~ia p~r c~m.
(0%1 pw p~raA4 ~-wrw~lly until p~id o~ s~id Mwt~ ~y ~IM M~t ~tid mwey~q~ debt tM~wpon b~cwn~ dw ~nd p+Y~b1~ fa~AwiM.
9. 1~ t~ iw~M~ cown~nad ~nd ~prNd by s~id puti~a tMt in ~M ~wnt oi ~ suir b~~nq ie~riwnd ro ta«Iw~ ~hls nartp~q~. tA~ Mw~p~p» aMli b~ ~nri~l~d ~o
aopFy N w~y tinr p~ndin0 such fanclo~w~ ~uir w tM cowt h~virq iw~sd:a~an M~r~o! fa ~pDO:nunem ef ~ nceiyw M dl a~d sinp„lar M~ aw~p~y~d pop~ty.
•nd M dl tM r~nh. incan~~. po(its. iuu~s aed r~v~mwa Nwqf. irom wMt~ower sowc• d~riwd: ~nd ~uoow it is Mr~EY •,pMSly covena~~~d ~nd prNd
ths~ My towt ?Aall forN~vriM ~p{wiN • r~cdw d wid ~wwep~Q~d poper~y. ~U ~nd ainq~ria~. snd of such r~nb. :ncon»~. aolits, issw~ end nwnw tM~~of. /raw
wh~neewr sowa d~.iwd, wifA N» u~wl oowa~ ~nd dueiw o1 ne~iwn in I.k~ c~f~u ~nd sucA ~ppo~m~~ ~A~II b~ ~++d~ by aucA cow~ p• ~naeq. of shic~ nqM
ro fAi Abnq~q~~. iM ~uccwaon. ~~y~l rprhanativM a ~~s~piu. ~nd wiMarl r~fera+c~ w tM ~d~Mi«Y or in~d~pu~cy of 11» v~lw of tM woW~M h«tar ~+ar?9+9~d.
o? w Mw w~wncy a iesoMncr o/ N» M~o~?p~por. and Mat stich ~~n~, pofiM.'inco~. issua ~nd ~~v~nuw ~MII M~ppli~d br a~A r~c~ivK ro tM pay~nt ol tM
mo~p~y~ ind~bNdn~s~, tpb Md dwpp. Kcardlnq b t!r ad~t of such tOUr1.
10. !1 ~ ionwy~nn sAoeld b~ iwad~ b~r d~ 1Nw~p~por of Ny pem~sa Aw~in d«cribed. a~ny part tM~~of, withow tM writMe consen~ of M~ Mwtp~pw. ~nd
w~thout aaiumptan ie ?pule~ /ora of 4w py ~M p~~nNt ol tM oWip~~ion w~A• Mortp~pe~ a~~ted by wid promissory noN ~nJ Mia mwtp~p~. Mw.. u~d in ~Me
w~nt. r+d ~t ~M aWion of M» INorep~qN and wi~had na:c~, dl iuwr d nan~Y ucwed I+N~by a~+~ll inrw~di~Nly ~nd conewnnfly w~M wcA conwy~nc~ b~con»
dw ~nd WY~N ~nd in d~fwh.
11. 7M? tn IM I1iM~ 1M ptMArff! Mreb~r nar~qapd. a~ny put ~Mr~of, aR~ll b~ eondemMd ~d qkM iw puAlie w~ undN Nr powM ol ~ewm doeMin,
eM Mw~p~qN sh+ll Mw Ny riqh~ ~e drmnd du~ ~11 d~q~s ~w~rd~d for ~M t•t:nq ot « d,~.9.. ro u~d p«w~a.. ~h.0 b. w~d w N,. N~o.rp.9.. ,p ro M. •nww~~
t1+en u~v~~d on ~Aia wqrlp~q~ ind ~t 1M opfion of t1y AAwlWpN n~Y b~ lppli~d uP~ tM WYmsnb last WY~ 1Mr~on.
12. 1M mwtp~pw b:nds himael/ nW a~rKt o? paw~it ro~ M~ct~d ~rry ehw buildnps on ~h~ w~nrse~ hNSin nar?
paq~d p w add b w PM~nit b M~dded
ro am. of uM ~:ii~inq 'unprowm~nq tMr~on a m~k~ ~ chanpw w~Ihr~~rons in seid ir~ov~~nt~ wh~ nrt~ri~lly eAw~p~ Mw a~ a eM „a~ tMrwt, w~~hout
tl+~ writt~n coro~M of ttr Mortp~, and in tM ~wnt of ~nY violuion a ~n~.npt w wo~aN ~Ais atiq,4tion Mis mw~y~p~ ~nd atl swns s~cur~d Mr~by tMN in?
m~d~~hf~/ b~caw» dw ~nd cdlsd~st~ M tM uWion o( tM Mw~y~qw.
13. U if fpK~IiC1IIy ~qfNd tAi1 tiwy If p( NN tlyHK~ O/ Illif COINrKt ~Ild M~I no wacve~ ot ~ny ob!.pation hNw~dN a of tM oWiprt:on s~cwed Atreby ~Aa~t af iny
rim~ b~ Mld ro b~ ~ wa~va of tM Mrma lwwf w oI ~M instrwnen~ secvr~d M+~by.
1t. 1( fw~elosw~ procMdinys of ~ny f~cond mortp~~ or s~cend trvst dMd or ~e,y j~niw li~n o/ any kind sAoutd b~ :rutitut~d, tM Mwtp~Qee m~Y, a~ ih op~~en.
im~ed~~t~ly a tiw~afMr d~clar~ tAis mo.ty~p~ u~d fM indeel~s s~cvred Mr~by dw ~nd piY~Al~ for~hwiN~, and m~Y ~t ib opnon D~ockd ~o faeclos~ th~s
mortp~p~_
13. To ~M tsNm of tM ind~W~drws~ ef ~M Mortq~pw b M» lNorty~qe~ deacnbed ANtin w ucured her~by ~M Mo.ep~pe~ 7s hert~v iubroyated ~o th~ I~~n a
I~sns ~nd b N» riqhts o( ~M owmps and hotd~n M~eeof o1 ~~tA ~nd ~vMy mw~y~pe iien or otMr incwnbra~c~ an eht 4nd dpc?:b~d Aer?in whicb i~ paid ~nd/w
~ar~sfad in wlwb p in part out of tA~ proceeds of ~M ban dncr;b~d F~ein a s~c~~ed Mrebv. +~+d H+e rnpec~~v~ I:N+s of s~id inatq~y~~. li~ns a otAer ~nc~mb~ncca
shall b~ and tA~. ~a and eacfi of tM~n Aereby is peserved ~nd sh~ll pass w ~nd b~ Mld by ~M Atiw~p+y~ Iwr~n a senw~+y fa t!r indeb~dn~~s ro tM Monq~qw
Aertin deuriEd a he~tby secw~ed. ro tM same e.?~nr fha? ir wo~Id ?uv~ been qesKVd and wwld hav~ been w~•ed a.nd ee.n Mid Ey ~M Mortp~yK lud it ~n
duly +nd re9u4.N +s~iqned, n~nif~.r~d. sN owr and dcliv~r~d umo the Mor?q~9e~ by s~W~+~e deed o/ ~ssi t nonw~Muund~
qnne~n rp tM fxt rAat ~M s~ may be
•et~i}i~d end ca~c~lted of r~cord. it b~iny tM .nMnt~an of t!r parties Aereto tAat the sa~ w~ll b~ saii~lied and cincellsd of recad Dy .HK holdsrs ~Mr~of p~bout
rA~ t~m~ of Me rKqdHg O~ Ih~s .nor~ya~. .
16. fo pay all snd s~nqula. r~e cosn, c~uqes and e.penses, ~ncJ~d.aq liwyer'f fees, rt~fao~btY ~r~corred w pa~d a~ anr ~.me br ~h~ Mpnqaqee. because of ~he
'a ':.n ol Me Mo.tqaqor ro pcrfor.n, comply wnh ~nd ab~de by exh ~nd ~~ery rlu snp„I~~~ons, ayreemenr~, condn~ons, ~nd tovenams of sa~d prom~aswy ~o~c and ~hn ~
eced o. e~rAer. and e•c•y svc1+ wv^~to~a shall be~. ~maear frpm dare at the rpe prov~ded m sa~d prom.ssw~ no~e
17. VVi+~n ~ny ~mpwH of ma»y te b~ p~id by th~ 1Norty~yor to 1M AAoel9aqN under tF» ~enns Iwwt sMll b~ in d~fwtt, w s?wuld tM Mwtqaqor def~~h in
any of th~ oNw terms. povis:ons w cond~fioro o/ this Mw?yapt. M~n and in thar us~ the Mwty~qe~ sh~ll haw tM riyAt, wiMo~t na~u ~o k~e Mwtq~qor, to
coI{ect ~nd ra~e~iw f?oen ~ny 1~nae~t or I~s?M of uid mortqaped pren+is~s tM rte~t~, iuues snd
p~of~ts of ~M rNl esr~N I,er~by mortyaqed ~nd tM :mpovemenes
~hsreon. ~nd p yiv~ p~aqr rec~iph ~nd acavinances tl+erefar, Md ahK p~Yinp all ca~rn~ssiom o/ ~ny r~nql ~Qent colkct:nq ~M aame. and any re~sonibl~ ~trwney'f
fesa and oNw nec~sswy ~apns~a :nr~r~d :n coll~ctieg sanN, ro apply tM proceeds of such collMions vpon ~ny indebf~d~tfs, obliqation w liabil~ty. 01 rfie
Morryayw Mreunder. TM ripM qr~nted M~ Merty~qM und~r Mis p~ryr+ph sM~t b~ in ~ddi~~on to. ~nd shall no~ Gmit or reatricr, ~ny o~he~ ~~yht w r~pA~s y.anred
MwtWq~ in Mis Mortq~y~.
18. If tM Mwip~ypn ~t tlr ~irn~ of mtkinq ~his Abrtyaq~ a s~rbsp~»M thtnro ?~k~ out ti(~ :nsw~nc~ d~siqnatirg tM Mwfqspay hertin a btnef.~iary with •
comp~rry +pproved pp dr MorfyspN a~ssiyro potinp fo tM Mor~q~yN fa~ th~ purpose oi securiny Mr enwrq~y~ loan hereby stcured, ehen th~ Mor~q~p~~ slyll
hax eh~ riqAt ro paY +~+11 V~M+iwn accnnrq u~dv s~id polici~s. ~nd ~tl swns so eapended shall De added ro~nd bKOrry • p~rt o} tM pincipal ind~btedness secureA
bY fhia Mortp~y~ ~nd aA~lt b~ paid br Nw AAwtq~qor to eht Mortqape~ in twelvs eqwl conaecufive monMly instaHm~nH, tM fint mo~~hly iml~llment to b~ pa~d af +
p~rt of end in ~dd~tion to tM eeonMly paym~nt dw v~dn ~l~;s Morfy~q~ in tM first ulendar /nonth /ollow~nq tM ~aq~nq of said sum. S~rch suem ao eRpended
~o be~r int~rest N/M rale at wAich interest is wy~bt~ vpon said p:ncipal indtOtedness and th~ /ien o! th:s Mortyaqe shall e~tend to and secun the aums so ~e¦pe~ded
ro9c~h~r wi~h enter~s~ ~Iweon u her~.~befw~ provid~d. .
19. TAot fo~eN~e~ ~?ifh awd in odditiow b tle~ so,~~Mr ~ra~.pi oF principol ond interp~ popoWe vnd~r ~M prAS d H~e note setured herebr. Mortynqor
shatl pop to /Nwt9op~~ eoch wonth ~rati wid nots is i~llr poid. onc-twelitl~ (1 / 12) of o su~ eqvol to N~e owwuol prewiuw d~e fo? li~e. •xMndcd coreroye.
and othsr Iw:ord iesuronce cmrin~ N~t ~ortpoped propertr, ptvs roaes ond asseasweoy ne:t dw w ~4 ~wtpop~d prop~rfr (d! os es~iwoted by Mortpogce)
less oN wrs olreody poid tlKn(o?, ond fo M ditidFd bp Nie e~iaber of wontl~s b elopse prior to tly dote wben wc6 toap oed ass~iasenh shotl becow~e '
delinQyent. Soid su~s sbo11 b~ 6dd bp MwfyopK iw trvst w u~difed lo the pri~tipd 'oF N~e loon, p pap seid iwa~rronu. loaes, owd ossess~enls oed sAatl
be opplied ow Me porwent tbKeof Mrh~n dw. Mr excess Mld ie n~ br Mor~pape• wAen soid loow a poed iw (dl sAdl be poid to Mortpo~w, or 6is
~ asi~ns, w persond represenAfiiea. le the erent of o defodt w(oreclos~re, soid wm 4eld in trvst iwp be oppli~d ow uwr cosh oF dawwges su:~oined in
i connecfion wit6 Ibe coll~ttqs pf t6e wWe Hc~red 6er~br ~hefher br suit, /oretlotore, w of6erwise. Morlyoyet wpr frow ~ew~ ro fiwe o1 ih option ~oire.
and after onr s~ woive~, r~inqate oq pr pN p~orisiowa hereo! requiri~y wch deposits, bp notice to Mort~opw in ~ritiw~. Wl~ile ony sucA vnoiver is in
j effect. Mo~iq~ospr sIq11 pop taies, msesswenb ond 'ws~ronce pre~iuws os ht~eia elstr~here prn~ided.
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IM WIiNE15 Wr1EREOF, ~M s~ld Mortya~ot Mrwnb s~ta his Aand ~nd s~d Mis tM d~y ~nd fint ~bo~rt wri~e~n.
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