HomeMy WebLinkAbout1146 7. tl ~ny o/ MN ~wM Oi ewMy Mniw r~lt~r~d b b~ npf ppw~pflp Md fully ~id vriMin MinY (~p) d~y~ M,1 ~tlw M~ t~ a~v~r~lly b~cwry d,M Md p~Y~pl~.
a ii uc~ ~nd ~v~11 IM ~lipul~tiar. prNn~nn. cond~icw. ~nd cov~n~nh el ~~id pomia?ory noN ~~d ~I+i~ ~onpp~. o~ ~iM~?. M~ na duh vM1a~4 canP~~~d
w~~A u~d ~pid~d pY. tM ppp~q ~ww nwn~~on~d in uid wani~wry ro» ~MII b~can~ aw .nv wr•w• ~wrtiw;,ti a Nw.~~lw tM aW~ow ol My Mw~y~pN.
fvly ~nd carobNM w if wid ~yprp~q ~wn o! moa~y w~~ aipinally Hipul~t~d M b~ wid on sucA d~y, ~nytAiny iw ~Md pawl~wh woN a Mniw b tM
conhry ~w~wUM~«~di~q.
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1. le ddiwr ro a~M Maty~pN. on w afa~ NWcA IS~A ol Nc~ v~a. t~¦ r~c~ip„ widMCin9 ~ly p~yn»n~ e1 ~It I~wfulFv iwy~o~W ba« la Mw p~c~any
ul~ndp ~r. to ddivM ~o Nid AWrrqa~. rw~ioM wid~erc:np fM wY~~ of ~11 li~n~ (a public iwiprov~~nls Mi~Aln n:Mty (pp) d~y~ ~t~ tM ~an~ ~lyll E~cpw~
dw ~nd Wy~Eb. ~nd b p~y M dixlwq~ widwe n~n~M (00) d~ri ~hM du~ d~t~. ~ny aed NI povNn~we~~~l I~riN tM~ nuy b~ rn~d~ a+ tM w.wt9+9~d Woqr~Y.
on M~i~ mortp~p~ w eqN. or M~ny aMr w„r raul~iep Iraw ~M Ma~y~p~ tnd~bqdn~a~ s~twM ar tRia ~nor~Ww: a~d lf Mi~ conJi?ta~ b na eweY~hd w~d? ~nd pN-
~~~d u~d ~na~Y+VN ~y Wtl sud~ ~~wn er awm wAicA ~MII ~cwn~ p~r~ o( ~A• deW s~cw~d by d.is wartp~q~. ~nd ~MII EeM int~r«~ N NN r~N ol ~ia pa c~m.
vM «rwr~w. o~Y~b4 a«si-~nnvallp unttl p~id o~ uid Mortq~qN wyy ~I~t1 MH ~a~d ino.~pp~ d~W M~~upon Mcan~ dw ~nd
WY~~ /GMrrifl{.
9, h i~ fw+M+ co+~tinr~d ~n.i ~yr»d by Nid oaniN ~Mt in ~M ~wn~ ef • avit b~~nq in~rih,pd to (a~clow Mis nanq~p~. tM Nbrpay~e ~hall E~ «ucrbd ~o
~aoh~ a+iw 6wr p~wliiq sucA }or~claw~ ~uit a M» cwwt hsv4p {w~adct~on M~.wf /a NM ioaoinr~~ o/ • naiwr of ~q w~d ainp,l~r dr mor?wp~d w~~Y.
r+d o! aN M~ nati, inca~w. P?ofib. isau~s ~nd rMnw~ M~w~. f~om wh~howN ~owc~ d«iwd: «+d tM~~voon it is Mrspy ~¦wM+111 cw~n~nted ~n0 p?wd
~a~ ~M eowl ~MII 1pMwiM ppoiey ~ r~'w~r oI a~id ~norepay~d popK~y. all ~nd ~inpulu. and of such n~+b. incan~a, po(its. is~uN end r~wnu~ ~Mr~o1. han
+~h~~ao~v~? sower dKiwd. wi~A t!~ ww1 powr? ~nd dutib d r~e~iwrs in lik~ e~a~s: ~nd sueh ~ppo~neww~~ ~II b~ nwd~ py aueA eow~ a• man~. of seriet rpM
b d» Monq~qN. ib wuason. Ip~l npr~a~M~tiws w~?~~qns. ~nd wid~oul nFN~nc~ ro N» ~d~q,acr a inad~pu~c~r oi Nw wlw o! ~M propN~y M~eby mor~p~~d„
w is ~M wlv~ner a iMOlv~ncy o! Mr Mw~q~por. and ttyt ~~ch nn~. Wotin. inco+M. iuua and r~v~nuw iMll ~pplied by sucA r~c~iv~r te Mr O+Ymem ol N~
^~~9~ cwb ~nd tMrqN, ~awduq b Nr ad~r of wd~ taur~.
10. If ~ ca+vw~ ~hould 0~ +wd~ bp N+~ Abrp~por oi th~ p~m~s« lw~in describ~d. or ~nr wh Nwrwt. w~~Aan t!y witbn conwe~ of Mw Morp~pM. and
wi~Aou1 a~wrotion in rpu4? faa o1 I~w ar a..~~.. o~ a~. ow~o.r~ w M• Morp~p» u~~e~d bp ~aid Drawi~wry noH w~d ~Aia rworW+9~. Nwn. ~nd ie ~ha~
~v~nf, w~d N N» aption ef M» Matp~y». and wiMwu~ no~~c~. NI swws of money ~~ew~d Ae?eby ~MII i~~Nly ~nd concwnn~y w~M sucA convey~nc~ E~cam
dw ~nd o~YabM and in ddwk.
11. TA~t in ~M evrnt dr pnmisy h«tby e,urtp~p~d, a~ny prt th~r~ol, shall M condeeru~d ~nd qk~n (w pibli~ ~~dN Ny po,rN o! ~w~in~nt dww~in,
rA~ Morp~qN aMll Mv~ Nr riqAt b d«n~nd M~~ ~11 d«n~qti ~w~rd~d fa ~M ukinp of a d~.Mq~~ ~o ~+id p~nis~a sMll b~ p~id ro tM Mo.tp~y» up ro ~M ~naunt
~Mn wpid an N+~~ n~ortp~p~ ~nd at M» opion o1 Ny MwhHqM eyy b~ ~polad uoa* rM p~y~a lasl p~y~bl~ Mrwn.
12. Th~ w~ortqaqa b:nd~ hi+mtl/ nw to u~t1 a p~rrnit w b~ K~ct~d ~nr n~w b„itd~.qs an ~M a«ni~ lwhin nwrtpp~d or ro~dd to w permit to b~ ~dd~d
ro~nv of ~M ~siseirq i~prownynh rMr~on a eeyk~ ~ny elunq~s a~H~rit~au in ~aid i~nprown»nb wA~ nNt~rialh eMnp~ tA~ uny a M~ vs~ Mueol, w~tAov~
tM w~tM ~auMt of M~ Mortp+ON. ~nd ~n fM ~wnr of any v:d~tion a~nMnpt to violaN N+is s~~pu4eian tAi~ a~wtpap~ and dl sums secv.~d Mr~y sMll i~n.
n~Nlp b~eon» du~ ~nd eoUM~bN N tM oprion ot tM Mwep~p».
1~. !t n~p~cif~c~lly ~prNd ~iyt ti~ is of tM ~?s~nc~ of Mis comr~ct ~nd thtl no w~~.rrr ol any ob:ip~tion hw~r w o( th~ oblip~Non s~cvr~d M~~br sMll aMr
~cew M Mld a b~ ~ wsivrr of Nw wnr 1Knof a oI tlr imt?wnm~ s~cw~d Mr~by.
1t. li Io?~elotur~ poe~nq~ of ~ny s~eand n+wtp~~ w s~eo~d trv?t d~d or ~ny ivnior li~n oi any kind ~houfd b~ in~~iwnd. rM INor~W4e~ e~uy. u in oo?~on.
;mm~diaalp a th~?~aiMr dula~ thii ewrtpay~ ond tM ind~b~~dMSS s~cwed Mr~h/ dw ~nd wYapl~ for+hwiM~. and m~y n i» oo~:on proc~ed b taeclos~ this
mo~ty~p~.
13. To th~ ut~nt o} ~M ind~WdM~s of ~h~ Mwtq~por q Nr Albrtp~q~ dyu~Md hrr~in a ucw~d Mr~by Ny Mw~p~pe~ is hercbv sub~oga~W to tM li~n or
li~ns ~nd b M+~ riqAh oi /M pwnws ~d holdus thtreo/ of ~Kh ae~d evwy mw~q~~e lisn a otlwr intv~nbranc~ p~ tt» ynd dpcr;~ ha~ein wAicA is p~id ~nJ/w
utis}id in w~ql~ a in p~rf out ai IM procrsdi o/ f!w loan de~crib~d harein w s~cur~d h~rebr. Md tlw retp~cti.rt li~ns of aaid ewrfq~qcs, li~ns w Wher incumbances
~MII a wd IM. sam~ and wch of Nwm Aerebp ia w~aerwd and aMll pus ~o and b~ Mtd Ay ~M 1Nonq~qe~ Mr~in ~s sacvrity fw Nr ind~b~dryss ro th~ Mwtq~qw
Mr~in deurib~d a hereby Ncw~d. p~1,~ san» e¦tent rMt it ww,1d Asw been pr~serwd and wovld Aare been pa»d ro ~nd b.sn Mtd by ~M Mw~p~~. A~d it Deen
e~h and .wu1rM ns~y~.d, n,~a~...~d. t~t ow~ and deliv~r~d u.~ro rM M«ry+oN br ~w+?~~~ dNd of ~ssiq.wn~n~ nohv:tMf~ndinp tM /~ct Mat N+~ s~ m~y be
utiafud r+d c~ncN4d of ncwd, it b~:np tM inNn~~on of tM pwt~es herao N~a~ ~h~ sw~w w:tl be u~isf»d u~d c~ncet4d of recwd by .N~ Aolder~ tA~reoF ~t w abovt
rM t~r of fM ~~cad~ng ot tAi~ rrwrt~9e.
Tp D+Y d~ a~d ~~nqvla. rhe cosrs. cha~yes ~nd e.ptnses, +ntlud~n9 ~+wve~'t (tes. rcaso~abty .n~ur~ed p pa~d ar ~ny r~Ire by ~Ae Mortgaqee, beu~se of ehe
~s~!we of i~e Mor~pa9o. ~o per/o~m. comply w~~h aod ~b~de by exh and e.ery ~he f~.pulauon~. ay~eemenH. cond~~wns, snd covenams oI sa~d pom.ssdy noee and ~An
aeed. a ~~rhe.. ~..d eve~r ~~cA Oar~+a+h sAall be~. ~menar fro~n d~re a~ rhe r~~e p~ov~ded ~n sald pamsswr ~o~e
17. VMI~~n a~ry rno~wq uf moewy to b~ p~id ey th~ AA~p~ypr b N~ AAortp~qw u~d~r th~ Mrms trr~o/ slwll b~ in d~fwlt. or slw~ld tlw Monp~ypr de/~~It in
+ny oF tM etMr lerms, provisions or conditiona of this Mwf~q~. HMn and in ih~r cis~ tAe Mwtqage~ ~lyll Mw t1w~ ri9M, wiMqve ~IplK~ ro rht Morr9aqor, to
coll~d ~nd r~c~iw 6an anY btint p bssN of »id mortq~q~d pewua~s IM rMb. iaauts ~nd pofits ef N» rw) ptah Aer~by nwrtq~qb ~ ~M iinprove~neny
r?Kr~pn. ~nd ro 9iv~ propw nc~ipts ~nd acq~in~nc~~ fMnfw, ~nd ~fnr p~yinq •11 commisi:wu of any r~md pen~ collKtinq N» a~~nt, and ~nY r~aso~~bls ano.ney i
tees +^d o1Mr n~t~++W ~~q~~s inr:++red in edNct:np s~n», q appy tA~ poceeds o( such colkctipq ~y indebt~dnesa, obl:y~eion or liabilify. ol tM
1Mwt9+por h~reundv. Th~ ~ipht qr~nted ~M Mbety~q~~ und~r p~is pvpr~ph iha II b~ in ~dd~tion ro. ~nd sArll nW liinif a ~atrict. ~ny whK r~qM w riyAp qr~nted
rh~ N1MIp~9N in Mis IY10rty~q~.
le. 1/ dr AAwp~qors a~ tly fi~ of n.akinp tAis Mwtqp~ u? subup~wN thsnro rak~ ov~ I:t~ insw~nc~ d~siyert~np tM Monype~ here;n u b~rwfici~ry w~~A a
~o^+MrtY ~oworsd by M~ Mweq~qN a au7pr poli~us ro f!~ MwfyayN for fh~ purpos~ ot sccwinp H» ~nortp~p~ loan henby tecw~d, tl~en tM µpHqay~~ Nyfl
h~ve rM ripM ro W1~ +~+Y p~iwe aarui~p undK s~id Po~ici~s, aid ~I~ awns so ~~oe~d~d slull b~ addd ~o ~+d Mton» • pat of Nr Princip~l indeb~ed~e~s s~cwed
bY ~S ~fp~y~ and d'+n 6~ Dtid tM ~~~9+9w to tM Mwp~qe~ in twelw pwl cw~stcutive nwmAfy i~sUlbwtnb. ~IN t:nt monN~ly ins~allmu» b b paid is a
pa~t of end in addition to tM nanMlY WY~~ dw under tAi~ Mor~yaqe in tM fint ulend~r ma+th (ollowinp ~M ~:pendnq oi said swn. Such sv~ns so tapendsd
ro besr im~est ~t th~ r~M N wfi:ch imerest is p~y~bb ~pon »~d pinc:wl indr~tedness and th~ li~n ot thia Mwlpaye shall ea~end M~nd s~cw~ ~M swns w capended
~oqeN»i wi~h inmat ih~r~oee a her~,nb~fw~ pov;d~d.
19. That ~o9dlwr .ri~h owd i~ oddit~oa to tht .ow*hlt~ Porw~nr of ried
p pd ond intersst poyoble under 1M teraa d tlie noM wcvred Aerebr. A4wt~or
shdl pop b Mwt4op~~ ~ocl~ woaM ~~1~ wid wot~ a fdlp Puid, one-frelfth (1 / 12) of o sww eqvol to NN own~wl pr~~iw dve (w (ire, eit~aded covero~e.
ond oNtr Iw:md i~wronc~ aonerinp 11K ~or~YaY'~ W~MI. p~~s taa~s ond oss~sw~enb wtat dw ow tbe wo~tDop~dlKOqrh~ (aU os estiwoted by Mortpoqee)
le~s all wws olrwdr poid tl»r~for. owd b b~ di+ided by tlw nr~ber d wewths 10 ~lopa~ prtpr b 1Ue dah rbew wd /oan ond osws+w~sb sholl becowe
delieqwnt. Soid so~s siwM b~ w1d bp Morlyo0e~ i~ trust w a~dited b 1he pri~cipd of IM bow, b po~r soid iwww~a, baes. awd msefwnh ond slaU
b~ opplied oe tk~ popww~ fi»rwf wlKe dw- Mr ~u~ss Ael~! iw trus~ bp MortyoyK wben w:d loon a poid iw !rp ~Adl b~ poid w Mwtoopw. or kis
nuiyas, or penpwol r~e~e~bti~es. Is tbe ~vent nf o dtioull u foredowre, aoid wrs beld in trYSt wwr be upp~i~d os a~r cosh d dp~o~e~ sustoieed in
coonecfion w'~t4 fM ao11sc1iow of 11~ wob s~arred herebr ~rhetber bp sui1, fw~dos~r~. « oKerwne. Mwqove~ wap fro~ ti~ to ti~e a1 ih optan rairs.
ond o1Nr owr srcl~ Moinr, r~iwslo/e .ow~r w aY provisiows Mr~of requiriny sv~h d~posils, b~r ~M~ b/~{pr~pr M r,~~~~_ yy~~e awy soch ~ro'ner is in
eHect. Mo~tyopur ~Aol1 po~r lorp, esuss~nh ond inwronc~ prewiu~s os Mer~in ~IsewrMre prn~id~d.
tN WIiHfSS W+IFREOi. Me taid Alwlp~pw Mrw,nb sNS hif h~nd ~nd ~NI thia tlt~ d~y ~nd yN? fint ~bw~ w?itqn.
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aoex216 P~cF1~.46
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