HomeMy WebLinkAbout2776 To PNtaw~. c«roh~ w+fA ~nd ~b;d~ M ~~cA M~ ~r ~nP~~~M. +0?»wwM. ~ondd.on~ ~nd cov~MnA w~ ~~.d Wa..nar ~+oq ~nd dKd ~N Iu~A.
7. U~ny o1 M. ~wa. of nwMr h.nin ~•hrr.d a b~ ea ao~ro~N Md I~rlb wId w~d~w +Autr (~0) A~r~ M,~ •fN. N» a~ aM.•Ily bcon~ d:n .~d wr.bt•.
a i/ ~~ch w~d ~wry ~M Nipubtion~. pr~w^ts. cond~~iar. ~nd cw~n~nM ef ~~id O~an7uw11 noh ~nd Nw na~tq~p~. a~.M~?. p~ nw duh q.fa~d. cwro6~A
wi~A ~nd ~Gd~d ~M ~yqrpaq ~~en n~nuon~d ie s~~d poinf~wry noN ~MII ~tan~ du~ ~nd WY~EM fwMwi~A a N~~al~w N ~M eW.oe ol ~M Mw~p~q».
n fv11y Md conwl~M p if a~id ~pq.p~N ~w+~ ol ~Y w~~ aiy~n~lly stipul~t~d to b~ W~d oe ~uc~ d~Y. ~~f in s~~d pow~~uory noh w Mreiw b tM
cmn~ry notw~tlu~~ndYq. :
S. To d~l~wr W pid Motlp~yN. On w bdw~ Ab~cA ISIA O} NtA r~M. qa rK~iph ~vid~ncinp Nr wr~ ~~11 I~w}~Ily i1wpM~d t~aM /o~ NM pK~d~nq
uNndv tMr. ~o ddiw b~aid Mw~p~9N. r~e~~pn w~denueq N» wY~~ o! ~11 IiM~ !a P~+bl:c ~mprar~wnn w~M~n n~n~h f~) d~r~ ~I~N ~M ~~nw sMll Eaan~
dw Md W1I~Ab. ~nd b WY ar Aiulyry~ wiMin nir»~Y (90) d~Y~ ~ftM tkN d~t~. ~wY ~nd ~II powrn~nlal Iwuf tMl ~naY b~ nN6~ on IM w~a1W9~d WMM~1I.
on dw mor~p~y~ a non. w ie wry oMp w~y r~s~biny fraa ~M Mw~p~q~ ind~Ndn~as s~cur~d AY ~s rna~9+9~: wrd i( Mi~ condt~an b~ ow cwe0li~d w~~A ~nd pa•
fa~n~d, MId inw~p~pM nyy p~Y tucA ~wn w ~wM wh~cA ~MH Eecan~ W~t o1 M~ d~s~ s~cw~d bp Mi~ rnw~p~p~. ~nd sMll Eea inhrMt ~t tM r~M o! sia p~r c~n~.
(A%) vM w~we. WYabN u~ni-u~w~lly until p~id w~~id AAaW~9» en~Y ~l~d ~hN u~d morty+g~ deW Mwr~updn Mcan~ dw ~nd WY~bN faMwitA.
9. It is twtM+ cownant~d an.i p~~d bY ~+~d puti„ iM~ in ~M ~wn~ 01 ~ suit b~~nq ins~;h,~ed ro iw~cbs~ M~s rww~p~p~.' ~M N1w~p~pM ~++11 b~ ~n~iH~d ~o
Mvh srry finM WednO sucA for~closw~ ~uit w tM cw~t Mvinp iw~~diaan MNwf (or ~M ~ovpn~~t o1 • r~c~ivN of ~II ~nd slnpulN Nw mwtW9~d w~~r.
~nd of dl tM ~snb. incani~. o~ofi». is?ws ~nd r~v~rw~~ tlwwl. fran wlrtw~ ~owc~ dn~wd: ad tM«uaon i~ is Mr~bY •apa~hr coven~m~d w~d pr~ed
tMt ~M cour~ ~Aall fw~hw~M ppoini • r~c~~wr of wid ~naf~9ed popatY. ~II ~nd s~wqul~r. +~d ol such r~nt~. incaw~a. pofi4, iasuN end r~wnw ~~of. fraw
,rMna~vw ~prtq dwiwd. wi~A fM u~wl pow~ra and dw~~s d r~wn in lib c~Ha: and sucA ~ppo•n~nrm ~MII E~ mad~ by s~cA cow~ „•~m. of ~xict r:qM
ro ~M Abrfy~yN. iM ~ucc~ssas. Ip~l rpr~s~nuGvw a~supru. ~nd wiMoul r~enc+ ~o N» ad~o~+~r « i~+d~4uKY o~ ~M v~~ a°a'H "'0~~9~~
a p~~y p~y ~f Nr /Mw~p~qo~. ~nd Mat sud+ ren~, polib. inco~r. ia~w~ u~d r~wnuw aMll b~ ~ppli~d b~r sud~ nc~iw to ~M wr~m of ~M
~nwp~q~ ind~bt~dn~s~. cosa w~d c~uyN. ~cc«du+o ro t1» wdr d wd~ cowt.
10. M ~ cw+v~yw~a aAwld ~ n~ M tM MoNq+Yp oi N» w«n:~ Aw«n dnu~b~d. a«~y o+~ +MrwF. w~N~ow N» wrin~n conue~ of ~M Mor~p~p». ~+d
witAow aiwro~an in rpu4r fora o1 4w by dw p~~neN of ~M oWipNion b M• IMor~y~pN a~s~~d by uid wawis+«r ~wa Md Mn mor~Wq~. Nwn. ~nd in N»~
~wnr. ~nd N dw uWion of N» MatyapN. and wiNwu~ notK~. ~II awro of ~oneY wcv~~d IwebY Jull innn~di~Mly ~nd conevn~mFy w:tA sucA conv~y~ne~ E~ca~w
du~ ~nd P~Y~bb wd ii+ ddwU.
11. Tlrt in 1M went 1M P~«nii~s Mr~M ~na~W9~. w~nY P~rt tM~wi. sA~ll A~ conde~d ~nd ~~k~n for Public w~ under Nr PowM o! ~nin~n~ dan~in,
tIw Morp~q~ ~hall Mw Nr riqM ro d~nd ~Mt ~tl d~q~s aw~rd~d fa tM Nkirq ot « d~~yn a u~d p~:s„ sMll b~ p~~d a tM AI1atWpM uo ro N» +ma+nt
fhln unV~id On IAi~ warl9~p~ M~d N Ih~ opliOn Of tIN MOrtp~9N may b~ ~DP~iNd uPp~ 1M MYeMnb Iqt p~ylbb IINr~Of1.
12. 1M ww~tppor b:ndt hirns~tf na a..M w v«m~~ ~o b~ «~c+~d w+r n~w b,~td~ny~ on ~M w~isa Mn~n monp~q.d a w~dd ro w v.~T~r w E~ ~dded
ro ~nY of 1~ ~aiatinp impowimn~s ~Mr~on w m~k~ +nY ~h+~~ or ~IterHioro in uid i~ov~m~nfs whicA ~~Mi~11y chan9~ th~ u~ a?M us~ rMreo}. w~~Aout
tM wrin~n cons~M o1 ~M Mortp+pN. and in t!r ~wnt o} ~nr vio4tan a ~nanp~ ro v:olat~ ~Ais u~p~4tion th~f wqrty+p~ +nd all swns secw~A hw~btl sMll iin-
nwduNy b~caw~ dw and co1l~u~bl~ u ~M aP?ion o( tM Mortpay«.
1~. U ia ap~ci?~ully ~qrMd ~Mt ti~ is o/ th~ essv,c~ 01 ~hia contr~ct wd ~h~~ ~+o w~~rer o! ~ny op'ipa?eon hK~r or o} ~M oWip~~ioe~ wcwed Mrebr aha11 ~t any
t~rr» b~ hdd w E~ • w~ivsr of tM w~ns herwf a of Nw irunwnent secw~d her~bv.
14. H iw~ctosun o~«ndny~ of ~ny s~cond n+onp+~ w s~c«~d u~at de~d or ~ny iun~or Inn of ~ny ?ind sAwld D~ imt~ru~~d. *M Abr~q~ee m+y. in ov~~oe.
~mmedi~»h w tMr~~Fter declar~ M~~ mwtp~y~ and ~M ~nd~M~diwu s~cw~d Mr~bY dw ~nd wr~Eb faMwiN~. ~nd m~y u ib eo~ion proceed ~o iwec:os~ this
marqap~.
13. To tM taNen of 1M ind~badrw~s of tM Mafq~qa b MN Mwtyaqe~ d~sa~bed hrrtie a sttvr~d hNeby tM Ab?tppe~ is hereby sub~oq~t~d ro the litn a
I~ens ~nd w N» ~iphq ot f1+~ ownxs and ho1~n thereof o{ ~ach ~nd we~r ~~9+9~ lien a aM? incwn~r~nc~ on N» land dnc?iD~d hK~in wAich is p~id ~nd/a
sa~isfi~d in wlwl~ w in p~n oW of tM poceeds oi ~M ban dt~criEed A~r~in a s~cured Aerebr. s~d tiK resp~crive li~ns ot s~id mwty+qes, liens a oN+er ~ncumbrarcn
ahall b~ ~nd tM. wrs and eacA o( ~M~n herebY is p~served and sMll pa~a ~o ana b~ MW by ~M Mo~~pape~ hM~in +s wcwiy for ~M indeW~dne~s to ~M Mwrp+qN
M~~in described a hereby aecwed. ro Nr u~n~ e¦tem Ma~ it woutd Mw been prese~v~d ~nd would haw been ws..~ a+nd be«+ I+dd br ~M Abnp+9.. h+d it been
duly end rpu1KN ~u:~d, h~nalar~d, sH over ~nd d~l~v~r~d un~o ~he Mortq~qes bY sepu+t~ deed of assiqnm~nt noewiths~and~np tM fact th~t rM a~me .naY be
ssr~sfied u~d c~ncdt~d of ncad. it b~iny fM iMen~~on of ~M p~rties he~sro ihat the aam~ w~ll b~ s~t~sfied ~nd ca~c~flad of r~cud Dy tM holders tAe~eof at a abo~t
ri~ ti~ of M~ r~cadiny o( M~s matpaq~_
16. To p~r sll and s~ngubr ~RC cos~s. cM~ges ~r~d e.pensn. ~~+clud~nq lawyer's lees. reasonaDty ..x~.red w pa~d st a~r r~me br e~t Mor~qaqee because of Me
~a ':.re of rhe Mo.eqaqor ~o perFwm, comply w~rh and a~~de bY txh and every fAe a~~oula~.ons, apretmenfs. cond~f.ons. ar.d covenants ol a~~d pom~awy no~e •nd rh.s
deed. o. enRe~. and ewery s~c1+ wr~^e^~s shall bta. ~nrerrsr from ds~e ~r rhe .~~e prov~ded 1n sa~d p.omnsay ~o~e. ~
17. WAen ~nY ~maint of nwe~eY to b~ W~d bY eM Mwtp~9p to tM Mortp~9N w+de. N+e tsn,n Mrwf alyll M in d~isvh, w ahouW t!» Mor~y~qo? d~iaoh in
~nr of tM otMr terms, provisiom a cond~fioro of thi~ Mw?q~ye, tMn a+d in thar us~ the Nkvtqa~ sMll Mw dr riyhr, withovt no~~n ~o tM Mw~9+9w, to
colt~ct and ~ectiw fran ~nY nn+nr o? les?t~ of s~id mwtq~yed preinis~s tM renn, iyVH +nd pof~h of tM rwl pt~~~ hereby mortqaqed ~nd tM ~/nMov~.eenta
. rMreon. snd q pivt proqr rec~ipb ~e~d acQvin~nces tAerefa, u~d after p~Y~~9 alt cann+isvona o( ~ny ~~nNl p~nf colkclinq tM sa~e, and u+Y r~ason~bl~ ~ttwntYi
' (~es ~nd ptlw ncceai~ry ~ap~+sy incw?~d in coll~cti~g uny. to spp1Y tM poceeds o1 such collectiom upon ~ny indebi~dnesa. osl~q~tion w lubility, of tM
~ Mwtp~qor herevnda. TM riyhf qr~nted the Mortp~g~~ unde~ M~ia pra9r~ph s~ull 6~ in ~dd~t~on fo. ~nd shall nW l:mit p r~slric~, ~ny aMr rpht or riphts qr~nfed
th~ N4orlpaqN in this A~onp~q~.
i
~ 16. If IM Morl9rqws ~f IM firrr of mtkinp this Mortyp~ a suba~quw~t thtrNO f~b out 11f~ insw~nt~ desiqn~tinp tM Morfpapee herein u bencfici~ry w~th •
€ con+Wny sppored bY Nr Mortyaye~ a~stiqp~s poliues M tM Mortq~qt~ fa M~ Dw~ of sec~ri~q ri» ~nw~p~q~ Iwn her~bt~ secured, tAen th~ Mwfp~q~~ sMfl
f have rhe riyM ro wr +~+r w.T~~ ~+~+d« .«e vo~K~•+. +^d all su~nf so eapended sh~ll b~ ~dded ~o r+d b~corn~ • vu1 of tM p:ncip~l indeEtedness s~cw~d
r bY ~is Morlp~q~ and sAall b~ paid by tM lMorty~yor ro tM 1Mortpayee in twelv~ epwt contecutive enonMly ins411nrnls, tM tint monthly inslall~nt to b~ wid as a
part of tnd in ~dd~tion to tM moe~tAlY paym~nt d~r~ unde? tAis Morfq~ye in tlw (irs~ ulendar moe~~h follawinq tA~ tip~ndnq o1 s~id s~m. Such s~~.~s w eapended
ro be~r ~~i~rest at tM r~t~ sf which en~sresf :s pay~bi~ upon s~~d pr:nc~psl indebtedness ~nd tM I~en of th:s Mortyaq~ shall est~nd b and secwe the sums w c¦pendcd
~oqeTher wiM inta~at ~Mreon a Asr~.nbefw~ prov:ded.
19_ Tlw~ topeNr? witU ond iw oddition to N~e .owrAy porw~e~r of p.~nc~~Ol prld N11lflSf POyObIf Yl~ff the t~rws oF il~s noh sec~.ed he«by. Mo~t9ogor
sholl pay eo Morepay~~ eacA woeN~ unA soid nWe :s fuNp po~d. oee-hrelftl~ (1/121 of o so~ eqvol to 1be mnud prewiv~ d~e for fire, ea~ended cweroye.
ond otber Iwmrd iwsuroece co~erie~y tlw swlpoped p~op~rtp, p~vs taaes ond oss~isoenh neat dw aw 1b~ ~oApop~d propaty (dl as estiaoted bp Mortyogee)
~ leu oll wws drwdy poid tlKn~w, ond to be divid~d bp the nuwbet o! ~wntAs b daps~ pr?or b 14 dof~ wAen wtA taces and osstssweots slwll beco~we
~ del~nqwnt. Soid w~s slwN M Ueld bp Mortyopw i~ frust w atdited b tAe principol of the loae, b pop soid iawroec~, Ma~s, and osscssuenh ond sAoll
~ ba opplied o~ N~e po~rweM tMr~oF ~+6en due- Mr ~acess Mld in n~u by Martqayee ~rbew sa:d bow is poid iw frll shdl be poid ro l~lorqogo~, or 6is
ossigns, w pe~soed repres~nfolives. In t6e o~ent ~I o defodt or (oreclosure, aaid s~~s 6eld in trvs~ rar 6e opplied ow wr cosls of da~oy~es wsWieed in
connecfion witb 16e colletfiw~ of tIK wof~ securcd bertbr ~rhether bp fuit. loredowre, w otberwise. Morlpape~ ~or 60~ liwe Io fiwe al i1s optioe ~.aire.
o~d olhr onr sYCb wai~er, ~eiwstate onr or d) pro~iaions hereof req~irin9 such deposiri, br wotice to Mortyopor ia +rritiw9_ While oer svch roiver is in
elfect. Mort9opor sAdl po~r t~t~, ouesswienb and inwra~ce prewiuan as herein dse~rhere prorided.
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~ IN WIiNESS W~IEREOf, tM uld Morty+9o? herw~+ro aN~ hn h+~d ~nd s~~l ~his tM d~p ~nd yw fint sboN writr~n.
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