HomeMy WebLinkAbout1707 7. If wqr OI IM Wey oJ wqrNr Mr~iw ~~fKr~d b b~ ne1 paMlly ~nd f~liy p~id with:w M:~ty (~0) d~~n Mal ~1tM tM um~ t~r~IlY E~cpen~ d.~ N~A p~Y~l~,
a if ~~cA u~d rvKy M» Nioul~tia+?. prMnrne~. cond~~on~. M+d cownMti M~~id pan~~wry noh ~nd ~hi~ Tor~pap~. a~~M~.. M~ nW duh W~ww»d. taphed
w!M ~nd ~Eid~d Sy. tM ~~p~N ~ww rn~nt:on~d i~ ~~lA ppni~~ory noN ~MII baonr dw ~nd ~~pb falAw~N~ e~ NNruf~ tM op~on o1 Nw Mw~y~p~.
~s Ivll~r ~nd conwbNb M if ~~id pprp~l~ ~wn ol moMy wN aiqlnally feip~l~~~d W b~ p~id ow svch d~y. ~nY~Ainy iw s~id pawi~wry na~ p ha~i~ b Nr
contray nofwitluqndinp-
To d~Gwr b ~aid MWIWpM. ow e~ Mfw~ A4rcA ISIh o1 Nth Y~M. U• rK~iPM ~vidrK~ IM MY~~e oI ~!1 I~wfvlly inppHd IuN la Ny WK~din~
ul~ndr YNr. b d~Gwr w uid Mo.~~pM. ~~c~~ph w~du~c~np tM Mr~n~ ol ~II.INM.br ~IK.improv~~sv w:Min nieN~Y (i0) d~r~ dNe tM ~11 b~caw~
dw and p~y~N. and b WY a difclwp~ wiMdn nin~hr (90! d~n ~lN~ dw d~t~. u+y ~nd ~11 povi~eww~ni~r'1~ i~s Mw~ wyy a~d~ en M» inat~s9~ P~~N.
on Ma wwrq~y~ or ~oN. or in w~y oMr waY rtivlr;np Iran ~M Ma~y~p~ :~d~ENdn~~~ sav.~d Ey M~~ ~wa?p~yr, w~d ci Mt~ ca+dition b na cwpt:~d vri~A u~d pa-
fam~d, uW ~natqa~ wry p„r sucl+ swn a~una wA~cA aMll b~cony pan e! M~ d~M su~wed by ~hi~ vwnp~q~. ~nd ~MII pNr twhrMl N dw ?~N o1 ~ia pM c~.
16'iS) vM ~w~1, ar•b4 ..wa•ww.~h unNl p~id a~~id Map~pw nwy 1~Kt Ma/ Mid ma~qip~ deb N»r~uDOn b~con» d+~ ~nd wr~bl~ IaH~w~M.
9. U i~ fwilw co+a~~n~~d ~nd ~yrNd Ey Nid wr~ia +M~ in tM ~wnt oI ~~w~ bHwy in~uh,~ed w Ea~clw~ N~cs nwrp~y~. ~M Matp~pN sh~11 E~ «ui~Md a
~ooh ~t ~ny 6n» wedirq ~ueA fonelosue~ wi~ a M» eourt lu,rinp iwc~diaion N~~.eof 1w rM woa~~~~ OI •~K~ivN o1 dl ~+d unqulw ~M TatY~Y~ aovw~Y.
~nd of ~II tM r~nh. in~on~. po/it~. i~sw~ ~nd r~v~nw~ ~hw~of. t~aw wMno~v~r sowc~ d~riwd: ~nd IM~~~pon i1 i~ Mr~Dy •apa~N ro~~Nd ~nd prNd
rMt tM eowf Jwll ia~Awi~A ~ppoint • r~ivN of wid mwp~9~ P~~h. ~11 ~nd ~inqu4r. ~nd o! wd~ ?s~+i. ~~ew+~?, wo1~e~, isawa tnd rw~wu~ Mw~of, iroiw
whabo~vK wKCy daivad. wttA M» uswl powws ~nd dutiM of rec~iwn in lik~ c~~M: rd sucA ~ppo'nhn~nl aMll b~ nwd~ br wcA cow~ n•~n« oi ~hict ~ipM
ro M~ Mwp~y~?. iM wee~s~en, bp~i r~pna~npavN a ~ssipa, ~nd witAO~A e~hr~ne~ a MN ~d~ower x in~pwey o1 ~M vah.~ o~ Nw propafy Aa~by mwty~p~q,
w a tM wtwety or kuolwncy of ~M Ma~p~pa. M+d tM~ iuch r~nt. wofib, inconr. i~s~ a~d r~ ~11 p~ ~ppli~d b1r ~ud~ ~~niwr ~o tly WrnNM o1 ~M
~*wnp~o~ ind~dn~s~, cwd ~nd charpM. ~a«daq a tlr ad~r of such cowt.
10. If ~ convhra~p ~hwld a nwd~ by tM Mafppa o! N» Oran~sw Iw~in dtic.ibed. or ~nr V~ tMrwl. wi~hart Nr w~:~Nn cawnt of ~M MortWa». ~nd
w~tAou1 Ww~ptan fn rpular fanw of bw by tM prw+1N o( tM o0lipNion w M• Morty~pN aut~d by Nid p~anifwry noN ~nd N~i~ w~ort9ay?. fMn. and in fMt ;
~wn~. ~nd af Ihe oWien oi tM Matp~pM and witl+aA notic~, ~II ~w~r of mo~y ~acw~d Mnby sA+ll inrn~di~NN wd ca+cwnMly wiM sucA conv~ywrc~ acaw~
du~ ~nd wY~bN r+d in d~iwlt. -
11. ThN in tM ~veM 1!y MMnis~f I+weby mor~p~p~d, a~ny pwt thwwi, sANI M cond~m~d ~nd uk~n Ia v~~c uw w~da N» vewr o( Mnir~+? doeia~n.
M» Mwfp~qN aMll Mw Nn riqAt a d~n~+d kyt ~11 drMqa awad~d fa ~M ukinp ol w d.m.q.. ro sa~d p«.ws.~ ,A~11 b. wad ro M+e Monp.p.. up a Nw •n,oua
eMn unwid on Nw rnony~q~ and st d~ uWian of N» Morrp~yN nry b~ ~ppli~d uoon ~M wrnwnb I,s~ pay~bN ~Mnon.
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I~- ~IM ~qOf bi11A~ Aiqq~N Ifpf b MKt w pwmi~ ~o b~ ~r~c»d wqr n~w build~ny~ on tM p~w~isa h~rt:e w~on~yed a M Wd ro w pMm~~ b E~ ~dd~d
ro~ny o1 tA~ ~tistirp improw~n~nri tMr~pn w m~k~ whr tlrnq~s a~tM~~tions in s~id impov~n~M~M whith uy1Mi~1
~11 ~9~ N» u~ o~ N» us~ tMt~o}, w~fAq~
~M writNn cons~n~ of tM Matp~yw. and in t!y w~nt o} anr vio4tion a~hNnW ro v:o1~h this stip~btian 1hi~ maiqay~ ~nd ~11 svna s~cw~d Mr~bY ~MII in~ i
rrrdi~hly b~oar~ dw and coll~tt~pN st tlr option of IM Morly~pN. z
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1~. It is ~wcii~lty ~yr»d tMe t~ww is ol N» eu~nc~ o( this con~~act aod Ny~ no w~~ve? 01 u~y optiqaran l~~ue~da ar of tl+~ oblepuion ~cwed he.~sy iM11 N~ny ~
t~m~ N lrld M b~ • w~iv~r of eA~ Nrna Me~of a of Nr instrwn~nt secw~d ha~~br• ~
11. If fa~tbaw~ M«~nW of anr ~seond mwtp~p~ w s~eond ennt dwd or anY ivn:or 1'an of any kind sAoutd M i~utitvMd. ~M AbnO~S~ T+r. ~a oW~on.
fmm~di~N~Y or M~rwftK d~clu~ Mis aw?fpa~ snd tM ~nd~b~~dr~s~ ucwed Mr~by du. .nd wr~W faMwi~h, and ~Y n ib oo~ion aowd w forecto~~ Mis
~+,o.ey~p~.
13. To tM ~aNnt of th~ ind~bMdewa~ 01 ~M Matq~pw ro th~ Mortqape~ deau~b~d henin w secvr~d Mr~y ~M Mp?p~pN is Mreby ivbro~qd a tM lie~ a
t~~n~ ~nd ro N» riyhn of fh~ ownt~~ and AotdNS Mereo/ ot ~~ch and ew~y mwry~y~ I:en or aMr Fncwnbanc~ on N» Iw+d d~scr~Md Mr~in whicA i~ paid snd/e/
sat~~fi~d in whol~ a in part oW pf t!~ poce~ds of tM loan descrip~ her~in w s~cured herebY. +~d ~M resp~ctiv~ liun ui said mwtp~pef. liens a otha ~~cwnbr~ncn
iMll E~ ~nd ~M. sMn~ and wch of thNn Aerebp is D~yerved and sMll paas to and b~ held bY MN Morpaqk lwNn ~s s~cwity tw Nr indebNdn~ss b tM lNonq~p~e
sc
A~r~in dauib~d a liereby secwM, ro tlr aarn~ ~itent ~hat i~ wo~ld haw ~een pr~serwd and would Mw b~en paawd w ~nd b~en hNd by th~ IMwty~yee Md it been
dulr uw{ rpulrly ~saip+~d, n~nafNr~d. s~~ owr w~d dN~v~~d u.,ro tM MwtqagN bY ipu~t~ de~d of ~ssiqnm~nt nWw;tAsqndinq tM 1~ct f1+N ~M sanr msY be
~~r~s~~~d and c~nc~tf~d of ncad, it b~~ny tM inteaNon of tM pare~~s hNeto tM~ th~ ssin~ w.ll be s~eisfid r+d crrc~INd o{ r~cwd by eM Aolders fMrsof ~f or ~bout
cw
tM tim~ of tM r~cpdinq oI Ihi~ inptpry~.
16. To p~r afl and s,nq„la. rhe covf. dwqes u.d e,pensq, ~nclud~nq law~e.'s lees. rusonably ..,~~rred a p~~d a~ anr ~.me by ~he Mongaqee. because of tAe
re '_re ol rAe Mwrqagw ~o pe•fam. comply w~~A and sE~de by e~cA and w~ry rhe s~~outae,ans. aq~eemen~s. cond~~ons. ~nd cov~nanp of tia.d pom.:sar ~~e aad eh.s
~eed. o~ snher, u+d e~dy such paymeny sM~1 beN ~neeres~ iroT a~e ~t M.e r~re prov~ded •n fa~d pom~nswy no~e.
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17. WlNn any Mna+nt of nwewy ~o b~ w~d bY ~ Matp~pw w tM Mlw~p~pN ~w,d~. ~M terms M.wf sMtl b~ Fn d~fwte, « should tM Mo.t
~ny of rM ahN ternr, provisions or cor~ditioro of tAis AMri tMn and in ~A~~ us~ the Mw~ W9a d~lwh in
p+p~• ysya~ sh~tl h~w eh~ riqh/, wifl~o~~ not~c~ fo tM Mw~paqw, fo
co11Ke snd r~iv~ }ran anY pn~~t a I~s,N of s~id mortq~qed pran:ses 1!» r~nb, issues snd pol~n of tlr rwl estaN i+er~by rnorrqaped r~d rM impoveenena
. rhereon. r~d b piv~ prop~r nc~ipq wd ~c4uin~s fhere(or, and a(~N WY+^9 •N comnu:siom of artY ~ental pent coller~ing N~ ssme, u~d +nY reasonabh ~nan~y i
fses and o~Mr nacea~ry ~~p~nap incu~red :n colbctirq s~, ro ~pply tM poceeds of s~ch colkct~oru ~rpon ~nr indeb~~dne~s. odl~q~tion a li~bilify. of tM
Mwrq~yot h~reMd~r. 11y ripht q~nted tht Mortpp~~ ~w~der lhis p~rpr~pA ahsll b in idditwn ro, ~nd sMlt not limir w nstric~. ~ny otMr riyAt or riqhh pr~nred
ths Morfy~yN M1 Mis A{Wtp~pe. ~
lY. If th~ llAort~yon at tlr ~im~ o~ n,ekinp tAis Morfyp~ a subspu~nt ttxreto qk~ out t~f~ inswanc+ deai ri Nr Ab?r `
9na nQ y~ye~ Aerein p be~»fiti~ry wifh • i
~ eomv+~Y wmoved Q~r tM MortwDw a~ss~ym pol~ci~s w tM Mony~yw fa M~ w+rve+~ o` ucwinq tM aarfp~q~ loan MrebY secw~d. Men Nw Mweq~q~~ ahall
have tM ri~nr a wr «+r w•«u„~w +ccrwnq w+d« uid pol~c~~s. xNi ~II aums so ~¦panded shdl b~ added ro.nd b.c«n. • par~ of rM aanc=oa~ iodeDudmss secvred :
by Mis Morty~p~ ~nd ~SyU b~ psid by tM lYbr?q~yor b~M Monp~pe~ in t~w~M pwl cons~cu~~ve Tonthly inat~llnrnts. Nw i:nt montAlp ienNllmant to M wid s~ • '
parr o! end in ~dditan b tM inonNdy p~ym~ro du~ w~der Hus Mortq~qe :n Hw linr ulend~r ~nonth foltow~rq N» ~ap~nd"nq of said swn. S~cA sums w~~pendsd
~o bear intKnt ~t Mw nu a~ wl+ich :ntares~ if p~Y~DI~ yPp~1 H~ pru~c:w~ iedtbt~dnesa ~nd tA~ lisn ot fbis Abnp~p~ shrll e~tend b ~nd secw~ ~Ae ~u~s w eapentfed F
+ov~rMr wi~A ina~~ft ~Mrwn +s her~u~b~fon provid~d.
19. Tl~ot Ioyel4r ~rifh ond iw odditiow b tb~ ~oslhlp popsenl of principal aad inter~st papoble vnde~ tbe 1er~s d Me noe~ tetv?td htr~by. Mon~or
shall pop b Morpo~~ eocb wonM vnti wid noh is idlp poid, onrlwelftl+ (1 /12) oF o ww pvol b th~ onmwl p~e~iw~ dw iw fice, ea~eeded corerope, _
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and otMr tw:wd iw~uranc~ cov~~inp tiK wortOop~d. p~ope~ryr, pfYt ro~es owd asseu~ew~s we~ dw ow /M.~o~tyo~d PrOPKy (dl os'eitiwofed bp Nbrtyopee) -
less aN wws dr~odr poid tlNrefw, and w br ~i+ided b~ th~ nuwber d wontUs to elapse priw to 'N~e doM ~vA~e wc6 lwus owd oaezs~snts shall becow~e
~ delinavent. 5oid swis sl~dl b~ Aetd bp MwtpopN i~ arst w a~dirad b tl~ principd of tLe bos. b pa~r soid i~s~qowa. ~aces, m~d aueswwes oed slwU
be opplied ow tLe pwr~ewr th~rwf wlrn dwe. Mr eacess MW in hrst bp Mo?f~oyN ~Aeu soid loow is peid iw ldl +AaN be poid w Mwt9o~or. or hn
E oisigns, or penowd nprese~Mfiws. in tM ennt nf a defodt or fwedos~~e, wid wws Iwld in trust rwp b~ oppli~d ow wr cosls d do~wy~s wstaieed in
~ connection wilh fhe coltlcliop ot tM noh slc~rld I~ereby ~htfber bjr suFt loredos~n, o~ oN~erwise. Mwtpop+~ iqr /row ti~ M tiwe et ib option ~roive.
i and ofter oar wth woiver, retasta/~ onr o? oN prmrisiows hereo( reqviriny wcA deposiri. br aotite to Morf~opo~ iq rrifiw~. While pwy suth wrai~er is in
i effect. Mwtyopor sha1) puy t~~s, oszysa~els ond i~swonce prewi~ws os herein ~tsewtwre pmvided.
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( IN WITNESS We1EREOF, th~ said Mwlp~yw lww,nfo tt» Af~ Ard snd sNl this th~ d~y and yw fint ~bovr writhn.
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` i ~,-~~I ~ ~j ~ ,
~ S~prted, u~kd and delive.ed ~L~'~`^!V. / .~~%Y ~!L!~ . (SEAI)
a~~• ~ Robert D. Greenwood
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