Loading...
HomeMy WebLinkAbout2579 7. I/ ww of eM ~wN ef w~a~y hw~in ~•1w~.e a b. na o~w~ah •~s ~h o~iA w~Min Miny f~01 d~n n~at da? ~M +anN ~wa~~qr Mcwn~ d~ w~d p~r~bl~, a il ud~ ~nd ~wrY ~M ~~~qrla~on~. Wrww~na. cond~uar. ~nd cown~ne~ el •~id v~u~~~~ar noN ~nd Nu~ mw~wY~. a~~Nw. a~ na duh vMla~d. c«ro1~~d wi~A w~d ~Wd~d M. ~M wY~~W1~ w~w nwn~wn~d in s~id aonw~.o.r. noN ~MII Mcony dw ~nd wY~A1~ IwMwiiA a M~e~al?p H~M op~ion o1 Mw Mo~~p~pN. Iv~ly ~nd cawMNN w If uId ~pq~p~a ~ww of w~oMY ww aip~Mlly N~wNl~d w a W~d on WcA dW. ~nr~~~Y in ti~1d o~awi~fwll no» a Iwr~in a N» conp~ry nOfwilM~q~ - . w 1 . '1 Te d~l:va q wid Mon9+9M. on a~l«~ AAucA 1Stl~ oi ~h Yur. r~c~ipn evidwaino Nw wr~u ol ~M bwh,llp i~npo~~d ~~aM fo~ Mr pr~c~d.ny c•i.nd.. r.a. b dd+vn ~e ..id Mor~~~, .«•~pti w~dw+c+nq +M wrwwn~ ef ~N h.n. 1a n~bik ~~ror.~ti ~:~.~y Ivo) dar. •f?.r Nw .a~ J»11 b~caw~ dw ~nd Wp~M. ~nd /o MY M dbclwa wiMin nimly f~) d~Y~ ~f/M dw d~N. ~nY and ~11 pow~'wo~nul Iwin Ma/ may b~ ~d~ on Nw w~atW9~ O~~f1i. on Mu wa~ty~a a noN. w in +iw oNwr ww rhul?i~q haw ~M Mw1y~q~ ind~b~~~~ a~cw~d M~ Mis nwr~yaq~: ~nd il Mi~ ia+ditian b~ wW ca~Mi~O w~M? ~nd f«a~d, uW ~wonWVN ~+y vw wd~ ~ww a~w+a whkA ~MII Mconr p~n el ~A~ d~W ~awd Ay Mi~ nanpp~. ~nd sMll bNr in~wM~ ~t NM r~N ol ~ia p~r c«u. te%1 0.• «rrM?. ar.b4 ..ea-«rw•iti au+1 p.w a utA Maq~aN ~y ~hct M~N a~td maty~y~ d~b d~~ww~ b~cowy du~ ~nd P+r~bN faMw~M. 9. It i~ Iu?M~ cown~n»d and +9r«d EY u~d Wrria Maf in IM ~wnf o1 ~ suil bM~q imt7M~d ro la~cba~ Mi~ n~ortpp~. Nw Abr~WY» ~MII b~ ~ouiN~d to poly N MMI tinr P«di~0 ~ucA Ionclwur~ w~~ a/M cwrf MvMY iwi~diction ~h~.eo1 la tM ~YOan~~~ 01 • r~c~ivM of ~11 M+d unpul~r 1M nwr?q~9~ O~~N. and of stl tM ~M. ineonw. orofit~. iuws ~nd e~wnwa Nww~. frowi wMaowN ~owe~ daiwd: ~nd Nw.~woe it h Mnbt? •,pa~N ~~~~~d ~nd p~Nd ?ty~ ~M ceuA ~Mlt for~h.ri~A ~ppoiM • naivM o1 wid inaq~ad w~~Y. dl ~nd ~inwlar. ~nd ef ~uch nnM. ~econ~b P~ofih, iswN ~nd rwenw Mw~. how~ wMl~e~w wiwn dMiwd. wi~h /M u~wl C~~ ~nd du~ia of nc~iv~n Iw lik~ ~~»sj ~nd a+cA ~ooo~n~nf ~MII b~ wwd~ bll such cow~ a•~nanr of ~kic~ ~pM ro M» Mat9~y~. if~ wenswn. 1~9~) ~pea~M~tiva a~»tqm. wwi wi~AaA rd~rMn b Mr ~d~wKfr w i~rdpu~ of d» ~~Iw of ~M w~~Y ~~br ~~9~Wd~ w to If~ ~dvw~cr a D+solwncY ot ~M Maq~va. and tl»t ~uch r~nt. ao(~n. incorn~. iuw~ ~nd r~wnuM ~Mtl b~ ~ppli~d M~ ~u~d~ nceiva ~e dw wY~~ of ~M n+onp~Y~ in~LhdMa~. oaa and dwOM. +ccordYw a Nr adu o/ wd~ cow~. 10. If a cen•+rano~ Jwuld a m.d~ br Nn 11Ao.q.ya of Mw aNniw. Mnin d.w~bd. w.nr wn Nw.o~, ori~Aow Nw wr~n~n con..o~ ef ~M M«~9.q... «+d ritho~M a+~~n0lion M rp~~ fonw a1 4w Ey tM prM+N~ o~ 1M oWi9Hion b th~ Mortp~yN trN»d by s~id pw~iawry noh ~nd M~it nw~fp~9~. M+~n. w~d in Nyt w~n~. ~nd N ~M oWiew of M» Matp~ow. ~nd witlaw notic~. dl wn~ d naMY ~~d Mr~by sMtl iwrn~di~N1Y ~nd concu.nntly wiM suiA conwy~nc~ bacoiw~ dN M~d P~Y~bN M~d ie d~(WII. i 11. 1M1 in M~ wa~t tM P~wnia~s Aw~EY w~w/p~p~d. or~ ~^r v+N 1M~wi. sMll b~ conde~d w~d t~k~n for ouWk uw wwl~r Mr vowr of ~n~in~nt donri~. t!r Merty~q» thall Mv~ tM riqM a dMw~nd du~ dl droaq~s ~ward~d for iM t~?inp of « d.~.q.. ro.«d p.~w~+a .A~lt A~ w~d a M» M«~o.y.. w a Nr .~oun~ fMe~ {MIOlid Ow M~N sWtp~q~ Md ~t NN Oolion Of Ihf MW~WON ~NY b~ ~O/M~ VOOO tM WY~M INI pnNbl~ MM~~On. - 12. ilr w~at~.qa A~nd~ Awm•M na ~o «.c+ o. pww~i~ ro b. a~cMd inr n.w bu~Id:np. on ~M w«+r'sw M~«n ~norraq~d a ro.dd a w v.~~~ ~e b~ ~dd.d ro.~w el ~M ~ahtirq in~p.orwn~n?a ~Mr.on w nyk. «w d+«~v» « dhrNio.a in s.fd impro~.nwna w1+fd~ ~w?«i~Ify cMny~ N+. s.ny w rh. us. tMrw~, w~N+ow tM w~itNn eaq~nt ol ~M Mortpp~. ~nd ie IM ~wnt of ~nY vidMiow or ate~nW a vio1~N Mis sripubtion tAis narlpq~ ~nd all aw+n s~ew~d Iw~Ey sMll ie? +rndiNdy b~conr dw ~nd toll~ct~pN N 1M oplioe of IM Mwty~pN. ; ~ 13. ll it ~p~eifiedly prMd tlwt tiw» i~ of tM ~sHnc~ ot 11rs eaM~~et wd M+t ew w~irN of r~y os:q~tion Iw~undM a of ~M oblip~tion a~ewed I+~r~by sh~ll ~t ~r ~ ~~rn~ b~ MW a b~ a waivw e( tM Nrwr hw~o4 a of Nr imt~n~ s~cw~d Mr~by. 1!. It /ohclosun procMdn~s of +np s~cond mwfp~y~ o~ s~cand mnt d~~d or ~ny junior IiM of rryr kind should b~ ua~i~ur~d, tM N1a~paqet ~y. N iH option. ~ ~me+ediat~l~/ a Mw«ftN d~clar~ Mn ww~~y~p~ and IM ind~badn~a ~~cured Mr~pY dw ~nd wy~bh fathwitl4 ~nd rwY u iM ao~ion Proc~td w for~clos~ N~ia ~ matpap~. 13. To tM ~:nm oi ~M ind~bNdr»~~ of IM Mottp~pW b fh~ Mwf9~9N dtsaib~d htr~in Ot secw~d her~bY d» 11Aor~qpe~ i~ MrebY s~brop~~~d to tM t:~n w ~ ~~~ns ~nd to Mr riqhb d M~ own~rs and holden Maeo1 of ~~ch ud w~ry mor~q~q~ lien w o~lwr inn~u~ on ~M Ir~d dacriMd hNein wAicA it Wid anNor u~isfi~d in wAol~ or tn p~n ow oF tM proce~di of tM Iwn descr:b~d Mr~:n a s~cv~cd hw~by. and M» resp~criv~ li~ro ot s~id ma~~yrs. Iten~ a aMr ~av'nbrsncn •MII A~ and fM. ws~ ~nd Mch o1 dwm Ir.~by is a~rwd •~d sMll p~,s a~nd b~ MW by M+e Morq~pN Aa~in a anwitY fw Nr :nd~bNdMa a tM Ab?p~vN A~nin dacrib~d w hereEy s~cw~d, to ~M s~ tstent rMr i~ would Mw been w~serwd w~d wou~d Aav~ be~n O+ss~d b ~nd b~en Mld bY tM Mw~y~pN Md it ~n d~ty ~nd ~pularlp a~i~pe»d„ ~?rql~rr~d. wt w~r ~nd d~liv~r~d ~nro iM Mwtq~pw by apw~~~ dNd of usiqrvn~nt nww~Maundinp tM fact th~t ~M sa~ ~y be satisii~d and curcdbd d r~card. i~ Esinp ~M intM~~on of ~M part~es Mnto Myt M• s~ w~ll b~ utiafi~d ~nd c~nnlbd of ncwd by 'he Adden Mer~of N w abow rM finr of th~ ncadny oi Mis rnw~pap~. 16. io pav atl and s~nqular rhe cos~i. c~ugea and e,penses. ~nclud.nq law~er's fses. ~e~aonably ~nconed w pa~d a~ inr e~me bv rhe Mo.rqaqee. bec~ose o/ ~he ' •a '~~e of ~he Moreq~qor ~o pe.fam. comply w~M and ~b~de by e~ch ~e~d evavy rhe se~pu4t~ona. apree~nents. cond~t~ons. and covenan~s ol u~d pom.sswy no~e a.+d ~h~s ~ d~ed. w e~rhe~. ~nd everr sucA p~ymen~a sMll Eear ~n~er~st tro~n di~e a~ Mie rate pov~ded w+ aad pan~asorr note. ; . i ~7. wMe «w .~wm cr mw,.y w e. wia br IM«ro.pa ,o +M MonO.o.. una.. ~n. .«TS h...of .hd~ e. in ed.uM. «.I+ada aa Mw~q.vo. a.t«,n ;n ~ny of tM o~ ferms, provisiom a tond~tioea of N~is Morry~q~, tM~? and in tMr us~ eht Mwtq~ye~ ahall haw ~M riqM, witlw~ not:e~ ro ~ht Abr~yaya, w coliecr ~nd r~uiw fran ~nY hn~nt or IeasN d uid rnatp~p~d peinis~s IM nnt~. issws ~nd pofits o/ tM rwl ~sqa ha~by nwr~y+q~d +nd M» :mprw~eeMna ~ N+ercon. ~nd b q~ve pop~r r~ips ad ~cauin~ncea tlw~ia. ~nd ~frer pay~np •II co~nm~ss:au of ~eqr r~nul pem collectinq Nr ~aine. ~nd airy ~easonabl~ a»«n~yi ~ f~ ~nd odw nec~asary •:p~ws~s incwr~d in colbctin9 s~, ro spply tM proce~ds of svcA cotlections upon ~nY indeW~dness, obl~yation a Ii~biliey. oi tM Mwrp~yw Aer~r. llr ~ipAt qr~nMd tM Mortq~yN ~w~de? this p~ray~aph sh+ll b~ i~ ~ddd~:on to, a~d sAall nW limif or ~~strid. w~r aMr ryAt or riyhn q.~Med ` ( ~h~ Mprtp~pN in ~hu Abnp~q~• ~ la_ If fh~ Mwfy~yon n~he ~:nr of reekirp fhis Nlony~y~ w wbs~qwnl ther~~o tak~ a,t 1~f~ imwurc~ dniqerYwp dw Maty~pe~ her~in p beneficiary w~M a comwrry appov~d bp fl~ Mortp~q~ p? ~{{iQIM pO1Kiy to tM Mortg~yN iw M~ purpos~ oi sec„rinq ~Iw nartp~p~ Iwn hereby secur~d, thee tlw INwtppe~ sMll Mve tM ~iqM to pap anp pMniww acvuinq u~dv said polici~s. ~nd ~It swns sa eap~ndtd sh+ll b~ add~d b ~nd b~conr a p~rt of ~M pr:ncipal indebtednps aecw~d ~i by Mia Morlp~q~ and sMll be p~id bp N» Mwtp~yor to fM Morfy~qe~ in tw~1v~ pwl co~u~cu~ive nqnfAly in~tslHs~nri. ~M first inoMAly im4ltm~nt a b~ p~id as + ' ~ p~r~ of end in addition q tM ina+Mly p~ym~m dw und~r ~his Mor~p~q~ in tM fint ulend+r montl~ followirq th~ ~a~dinq o! uid swn. Such swes w•ap~nded , ~o b~~r .~urnt at 1M r~u at which intaest is qY~bb ~qo~ s~id pincip~l indtbedness ~nd tM li~n of ~his Mw1q~q~ ~haU ~aNnd W~nd s~cur~ t!M sums w c:pended ~ ~oqaMr wi~h intt~wt tMr~on a hKNnbe(a~ wvvid~d. ~ 19. ilwl eo~Nw ~ awd iw'odditiow b fM ~ontAlr pepw~nt oF principol awd iwt~r~st poyabl~ snder tM Mw~ d IM noh s~cu?~d Iw~~bp. Mort9o~or iholl pop b Morl~ao» ~och ~oafA ~di soid woM is fdlp poid, owe-1~rditA (1 /14) d o pYal M Il~e a~wval prNiw~ dw (w fire. ~atewded coverope. ond oN~e+ I~ad iwswaac~ cowr'wg tlr ~orqep~d prop~rry, plus faees o~d oawas~enh weat dw w fhe ~ortpo0~d propNnr ld~ oa etA~ohd M~ ~~9°9K) Iess oN ww~ olrwdr paid 1Mf~For..a~d b b~ d'~vided bp fl~ n~~ber o1~.wonlb ~o dops~ pi~or b~N~e dot~ ~Iww ardi tw~es owd ~nb ~lwll becow~ d~l~nqwnf. Soid wau s6aM b~ I»W b/ ~Iwqop~~ iw tr~nt w cr~di~ed w tbe priwcipd af Nw bo~. b po~r soid iw~wo~, toah,. o~d o~se+iw~ewb ond sboll b~ opplied o~ HN pop«wt tl~~of wMw dw. Mp ~icKS wld iw trost bp Mo~tyopM ~rMw aoid loon is poid i~ irM ~Aoll b~ poid ro Morpopw, or his ~ ouigws, w persowol rpre~nloliws. Iw IM~ et~wt d o d~fonlt ot fwedosw~, soid w~s I»Id iw nvst ~y b~ appli~d ow awr cosh oF dowwyes wstain~d in conn~ctiow ~rith tbi to!(~ttiow of tM ~oh s~wred 4er~bp wIKNn~ b~r aoi?, Ioredosrn. w ot6erwise. MorqaO~e ~sp fro~ ti~e b fiaw ot ih option ~rai~rt. ond ofter mr s~ waiwr, r~insfalt owr or oM prarisiows Aered rp~irinp src6 d~posih, bp wotit.~ b AAortyopor iw rrriliwy_ Wh~ awr svcA waiwr is in efFect, Mortpoyor sboll pap faaet, ossessw~eb ond iswronce presiuiws os ber~in dsewhere prmrided. ~ ~ ~ IN WITNESS WNECEOF, tM said Nbr~y~pw Mtwna aN~ h(s Mnt1 ~nd wd thb th~ d~y ~nd pw fint abov~ w/ift~l~. ~ ~ i~°:~~~--~.- s .a S~qrted. w~led ~nd dtlivered - . - - - _ - - (SEAq : t?» a..~. nd D. Parks ~ ~ . . ~ . ~ - - - _ . . . - - - - - - - - - tsewu ~ ~ Diana M. Par ~ - ~ ~ - - _ ~l7cY~;t~ ` _ ~z . . . , , y . i` : : ~ ~ c.*'->~C~~ __~'~~._.~'S-"_ . ~ _ _ . . : ~ ~ ll R • F40K ` ~ ~ ¢ ~ ; ~ ~ - _ ,.,.t~, . . + _ ~ ~ _