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HomeMy WebLinkAbout0845 7. 11 w~y oi tM ~~rnr oI wwn~Y Mnin ~~fund a b~ na wo~ih .~d hrly w~A w~Min M~rtY l~0) d~y~ M,~ N~w M~ u~ ~~wr~lly Mcom~ d.n •nd wr~t~. a if ~acA ~nd ~wry ~M pipuluqir, prwn~t~, cond~~iom. ~nd cowMms oi ~~id aww~+~wr ~nd tA;~ mutqap~. w~~~Mr. w~ na Ouly p~rlw~d. caepl~~d w~M u~d ~bid~d py. ~M ~pprp~h wen ~u~oe»d i~ ~~id ponu~wry noti aMtl E~com~ dw ~nd payabl~ IwMw~M w ~M.~ahK at N» aW~on of ~M Ma~p~pN. ~e }vlly ~nd conwl~NN a tf ~ald ~~pN~ ~ww ol momy w~~ oriqin~lly uipul~~~d b 0~ w~d a+ ~ucA d~p. ~nyMinO i~ ued pow~iswry ~01~ a Mr~~n b/M conn~ry ?~otwi~Ast~ndiep. lo d~livK b~aid MortWyN, o~ a b~fw~ IY4~cA IStA o1 NcA y~~r. t~• ~~c~~pt~ ~vi j~ 1M paY~n~ of Ni ywl~Ily in~poNd ts~w Ia NM pnc~d~~~ c~l~ndr W aliv~r b uid AlwiqsqN. r~c~ioti wid~ncinq eM pay~~ of •11 I~~u la ~c ?wprown»nt~ wiMin ~f~y f90) d~YS ~iNc fA~ ~~,rr ?MII b~coa.~ br ~nd WY~. ~nd b WY a di~clwy~ wiMin nin~M (00) d~lr~ ~NM dw d~N. ~ny ~nd alt qove.~n~al Iwi~s ~Mt nuy E~ Md~ on N~~ ma~W9~d poWrtY. on dw nartp~p~ or noN, w in ~ny aMr w~y nsuhinp I~om tM INo~~p~p~ ind~at~dMSt s~cwtd bp eAi~ enortp~q~: ~nd il Mi~ coe~diNOn b~ no1 con~pli~d wiM ~nd pa- " fan.~d, ~aid ewa~p+pM err p~Y ~ucA ~um a~ueM wAicA ~MII ~can~ W~? ol M• d~b~ ~~cw~d Mr ~h:~ n,w~p~q~. ~nd ~MII b~w InIMNt ~1 IM r~N o1 tia pM c~nf. (AX) DM ~rr~. Wr~bM aani-~erNyllp wuil p~id a z~id Monpaq~ nyY ~bd MN uid mwep~p~ d~b ~~woe Mcan~ dw ~nA paY~bb ~aM,r:M. 9. h i~ iwMw co+~w+~~d +n.! ~preM bY uid p~nie~ ~M~ ie tlw ~ven~ ol • ~ui~ b~inq ieaG~u~~d ro ta~cloi~ Mi~ mwtq~q~. M~ Mat9pN ?A~II b~ ~n~id~A ~o ~ppN ~t w~y ~inr pw~dino ~ueA fa~closw• wi~ W Nw eowt MvGq iwi~dip~on M~r~o/ /w rM ~ppoin?mee? oi •~KSiva d~11 u~d uny„IM fM enortp~q~d popary. ~nd of •N tM nnf~. lnconri. (rofiA. 1uw~ ~nd r~v~nw~ dwrw/. fion~ wMbo~ver ~owc~ d~.~.~d: ~nd M.K~uoon i~ is M.~y •,an~M cewn~n~ed ~nd p~wd rlye d» eow/ slyN /a~hw:M ~ppoieu • rK~ivM of uid ~orty~p~d propeny. ~II ~nd sinpul», ~nd o1 sueh r~nn. inco~e~. pol~h, iu~~ ~e~d r~~w~u~ tAM~ol, fre~w wM~twwr ~ovrd dpiwd. wilh 1M vtw! pow~ ~nd drtip d nc~:vKf M lik~ ua~s: ~nd ?ucl~ ~ppo n~m~nf ~1ut1 b~ nwd~ by ~uch cov~~ n•~n~. 01 m~ct ripM ro Nr Mortp~q~, iM ~ute~sas. ~p~ ~w?aa~utivN a~~upeq. ~nd witho~A nlNene~ ro M~ ~d~ower w in~dpu+eq of tM wIw o1 M~ wa?~~t? h~~bY iwwtW9M. « b~M solwncY o? iruolw~+cY o~ ~M MaW~pa. ~nd ~M~ such r~nr. p~ofid, inco+m. inun ind rwvwM ~Aall b~ ppli~d ~~ucA r~c~i.rN b~ p~ynK~t of tlw mo+fy+9~ ind~bNdn~s~. ca~b ~nd cAup«, sccwdw+q q tM adv o1 ~ucA cowt. 10. II ~ eonv„rwrc~ ~Aould b~ rnsd~ hr ~M Ab?ty+oor ol fM prtm~~ Mr~ie dt~er:had. o~ any px~ tMrwf, w~~how tM writnn eoew~~ 01 Nr Mortp~q». and w~tAwA piunprion ie nqulw fpw of 4w by dr qrantN ol tM oElip~tion a th~ Map~yN crN»d py uid pronwswry noN w~d Mis n~or~p~q~. tMn. ~d in Nyt ~wnt. and u ~M option o1 N~ AAappN. and wiN~ov~ ~w:c~, sll swro of moeNY Hew~d herrbr aMll in~diahy ~nd eonevrr«uty w~lh ~ucA conr~yanc~ b~co~n~ du. .nd wr•bN ~nd ie d~iwh. 11. iMt in tM ~,rent tM p~us Mreby ma~pap~d. a~nY par~ ~Mr~ol. sAall M cond~nv»d and ~ak~n fw p~Wie uw w~de~ Mw po.wM oF ~e»n~ do~n~in, rM Mptaq~ tMll Mv+ N» riqM a d«:wnd tASt ~11 d~q~s ~w~rd~d fo~ tM I~ki~q ol w d+nup~a ro sud pa~n~~ drlt b~ pud w tM Nbrtq~pw ~p ro kr ~ina~n? Mw+ unp~id on Ihu u~Onq~q~ ~nd at IM Opliow o/ 1M Mo~/q~qN n~r b~ ~ppliNd uDOe fM MYmenb lu1 pnr~W~ tMr~on. 12. 1M ~nafq~yw Sie~ds hi~s~lf nW b~rM a p~nnit to b~ er~c»d ~n~ new buildrps on tM ~~ni~N Mni~ nw~ty~p~d a w add ro or pe~m:t ro b~ add~d ro~ny d tM ~aiuinq improwrn~nes eMr~on p aNk~ ~ny e?w~pa p~IN/Itipnf in s~id irnp.ove~nt~ wAid~ nr~Ki~lly eAanq~ tM wn~ a~M us~ Mwrwf, w~MOw rM winM cona~n~ d dr A~ortq~pa. ~nd in tM ~v~nt o1 ~n~ viol~~ion or ~nemat a v~o4» this ~Npubfion Mi~ eqrfpay~ ~nd ~11 sw~s secw~d hw~bp ~hsll im- rtrdiNely bKanr dw ~nd toll~cubb ~1 tM eWio/~ o( ~M Monq~q~. 1~. It is ~p~cifully ~9rMd Mat ~i~ is of d» ~sa~nc~ of Mts coM.x~ aed eM~ no w~~rer of anv op:iq~tion hKwndv w o( tM ablipation Ntwed lur~by ahaN at any ~~m~ E~ MW fo b~ • wuvar of fM hrn~s ha+~ot w o! eM imt~uinMt ~~cw~d her~Ey- 14. It iw~cloaun p?u~nys of ~nY »eond mortq~q~ w s~eoe~d ~•wt d~~d o~ aoy ~uncw tien oi any t~nd ~Aartd E~ ~meiwNd. th~ Mor~q?see m~y. ~h av?~on. ~mmedi~Nly a HwNiter declare thi~ mw~pap~ ~nd fM ~nd~bt~s s~cwed Mr~by dw ~nd p~raDl~ fa~AwitA, ~nd m~y N i» optan prxKd a~aeclas~ fh~s matq~p~. 1S. To tl» uqnt of ~M ind~b~diras of tM Monq~qw W tM Mortq~qe~ descnb~d her~in w aecur~d Mreby ~M Mwtp~qe~ ~s ?weby suo~oq~ted ~o tM 1~ a I~en~ ~nd ~0 1M riyAb of fM owrws u~d holda~ tMreof of e~tA ~nd wr?y nwr?q~q~ lien w WM~ intwnb~anc~ on ~M bnd d~urib~d Atrein wAid? ii paid ~nd/w sat~sfad in wlw4 a in ps.t an of eM procesd~ 01 eM Iwn deurtbed hsrein a s~cwed Iwrebv. Md ~M resp~criw liem oi ~aid nwrtq~yn. liees a aher ~oa,mb+nces aRell b~ ~nd fM. wn~ u~d wc1~ of ehwn Aereby ia p~served a~d shall pass ~e anA A~ Aeld by d+~ Monp~q~~ Mn:n ai s~curity fa dr indebNd'ras ~o tM Mor~paqw her~~n deytrib~d a~ henby aKurtd. b~ sam~ •~?ent th~t it would ~+sve Eten p~serv~d and woutd Asw ~ten p~su~ b ~nd been htld by tM MW~pay~e hsd it betn duly ~nd ~pululp au:yn~d, h~ml~n~d. sN over a~d del~ver~d ~n~o tM M«iv+9h br s~Wr~t~ deed of ~saiq~wnent nww~ths~~nd~nq M~ f~ct H~a~ tM s~n.e ~Y be sstis~~ed ~nd cu+t~lted of r~cad. i~ beinq tM inten~~on of tM part~n Mrero tMt Me um~ w~ll b~ satisii~d and canceHed of recoad by 'M I+olden rAereof ~f w sbovt rM uny of tM r~cadiny of Mus /nw~p~q~_ 16. to par all ~~d ~~nqula~ ~be co~n. cnarqes and e.peoses. ~nclud~nq ~~wyer's lees. re~aonabty ~ne~~•ed d pa~d a~ sny r~me b~ rne Matqaqee. becaute of ihe ~a ~~:..e of Me Mor~ga9o. To pe.fain, cwwpl~ wdl, ~ ~b,de Dy e~cA ~nd every rhe a~~aul~~wns, a9reemenra. cond~nons, snd co.~nanes o~ f~~d pom~sswy no~e •nd tl+~s oeed or a~hN. ~nd eve.y suc1+ wYme~K s~a~~ be~r ~n~tresr Iran d~te at Ihe r~te w~~ded ~n s~~d Wan~sswy noie 17. VYhsn ~ny ~na~mf of moery b b~ p~id by 1M Mort~qor to tM MwfpaqN undtr tht terma Mrwf shall b~ in d~/wlt, a zhould N» Mwtq~qo~ defwh :n •ny of tM o1Mr rtt~a, povisions or cond~tiom oI this Mortgiay~, then ~nd in fhar cn~ ~ke Mortyaye~ sha!! haw ~i» ~ipM, witl~~ not:t~ to tM Morty~qor. to col;ett and r~c~i» fran ~ny tenant or I~a?M of aaid mortp~qed pt~ses IM rtnft, is~ues a~d prol~n of tM rwl esut~ he~~by nqr~qaqed ~nd tM ue.porement~ Mereoey ind ~o qiv~ preqr ~~c~ipb ~nd xq~in~ncp tha~fw. ~nd afte~ payinq •11 cwnm~as~ona of ~ny r~n41 ~qenf cdtec~iny rM s~me. ~nd arty rtaionablr ananey i f~es ~nd oMw nec~awy ~+p~rn~s irKwr~d in collMirp sarM, ro+vvN ~h~ proceeds o~ euch colkctiona ~pon anY ind~bqdn~s~. oblqation u li~eilify, of tM Mortpspor he~eunder_ R.~ ~ipht pr~n?ed ~M Mptp~yN ui+der this puayr~ph shall b~ in addH~on to. ~nd thall nol lanit or rqtrict. anY wfier ngh~ p nyhn qramed ~fi~ Mq1p~yN in Mis lYlortp~q~. la. M th~ JNorty~qo~s a~ the tim~ ot mtkinp lhis Mortqaq~ w subsWwnt tha~ro t~k~ o~t I~f~ insw~nc~ dniqn~t:ny tM AAatp~pe~ ?xrein a beMfici~rY w,?h a cemp~ny ~Owoved bY tM Yorrqpe~ or ~ss~9^~ odicrn a rM Ma~g~qe~ /w fh~ DurPoae o! secwiny ~M ~wty~4e-to~n hsrebY s~cwed. N~en tlr Mortq~qe~ aMll have t1» riqAf b psr ~ny pr~.n:wn Kwiep vnd~r Nid polic:es. ~nd ~II awm sp ~apend~d sMll b~ add~d to and bcoen~ • prt oi 1M principal indebtedn~a s~cwed hr ~+~s iNon9.y. .nd .MD M wid by eM ~~y.9o? ro~M ~onwye. in rwelv~ eqwl consecur~ve monthly :nsbllm~nb, t!w fint montAly inst~llwrnt fo M paid ~s ~ part of end in ~ddition to tM mo~ehlp payrn~M dw ~nder this Mortqaq~ in tAe firp c~tendar momh folbw~nq IM ~ipendinq o~ said sum. Such s~ms so eapended ~o bear :m~re~t at ~M r~te ~t wfiich interest is payabl~ ~po~ s~~d pincipal ind~btcdness ~nd tM ti~n o( Mis Mwtysp~ slwlt aiNnd b and eecwe ?he ~uma so eapended roqerher witA iNarNr ther~on u frrwib~fw~ povidM_ 19_ i4st foyeflwr ~rith e~d in oddifioe b/!w wo~tAlp parwnt o( p~incipal and interest paroble vndei tM hr~u of N~e eot~ setured hercby. Mwtqogor ' sholl p~r b N~w~yap~e ~oc~ ~ontU ~~t~ wid noM is (ullp paid, one•twelftl~ (1 /12) of a sw~ pvol to tly on~ual prewiww due lor lire, eat~nded covera9e. i ond oN~er Iw:ord iwwronc~ oorerin0 tk wwlyop~d prop~ryr, plus taaes wQ uwsswwwb ee:t dw ow ii~ ~1~op~d propertp (dl os estiwoted by Monyogee? tess a9 wws dnodr poid tl~erdw. owd ro b~ ditiid~d b~r 1M svwbsr of wowths w dops~ prior to tlw dote wMn wtl~ toaes and assessweMS s6o11 becorwe delinqwnt Soid sr~s sbaN b~ Irld by Mwt9op~e iw post or a~difed b N~e priwtipd of tbe looe. b po~r soid i~snro~u. Io:~s, ond ossesswenh o~A slwG be opplied ow tbe pa~rwent Kerwf ~Mn dw. Awr ~cess Iwld in bwt br Mo~popee r!?en soid bon is poid iw frp sbll b poid w Mortyopor. or his oasiyas, or p~nowol r~ts~w~otines, le tlr ev~nt oF o defoolt or iorecbs~re, soid wwu beld ia trrst ~wp b~ upplitd ow wr cosh oF do~opes susroined ~n ; connecfiow Mritl~ 1M collactio~ d N~e noN secvred IKr~by ~6tMer bp suit. (oredo?~re, o~ oti~erwiu. ARor~yayee wor Fro~ fiwrt to ti~se of iri opfion ~oire. ~ artd oh~r aar ~rtM ~rairer. ~~iustoM osr w oll prwisioas A~rw( ~p~iriny sucb deposib, bp wotit~ b Mortpoqor iw vritiwy. W6ik unr sucl~ wairer is in eflect, Mortqo~pr s6d1 pop Iaey, assesswcnh ond ins~ronce prew~iuwn as 6er~in elsewkere p~orided. I i - i i ! i ~ IN WItNESS WHEREOf, IM s~id 1Nottplpw ht?h+nM sMS hI~ h~nd ~nd aMl this tM dhr ~nd y~a? lint ~Eov~ writtM~. ' f /d. ~ 7 5•9~ed. usl~d d+d det~w.~d - --.~.~v,~,TL~A'. . ' ~.!l~:~i.-L2._ (SEAL) ,n. wn.~. or: Gus t~v .J , E f''g _ f• ; ~ _ _ . . , . . ~ ! - - - ~ = ~l - - ~.-,Jis~.w ; irley F~:;~Efinge ! ~ . , . , , . . , . ` ! ~ : - - , ~ ~ ^ _t • _ ; _ _ ~ ~ - ~ ~ ~ ~ , ___-~1~~~~~,u .l-~~' ~ ~ ~ti,G~ r.. c3 :;.i: _ - _ _n._ - _ ~ = a:~ ;~g