HomeMy WebLinkAbout1956 i. N~r o/ N» ~uwy e/ ~woMy AKtL~ ~~nd a A~ nM 0?a~pb ~wd hill~r w~A w1~Ain Miny q0) d~~n n~.t ~hw ~M s~ ~wa~~ly Mco~ d,+~ ~nd wr~bN.
w i/ wd~ ~nd ~wry dw ~„P~+b~~ar. pn~~nn. cond~~~on~. ~ covM+w~h el ~~id pawiswry noN ~nd Mu~ ~wor+y~a. a~fNw. a~ eW du~y p~rf«w»0. cow~yl~~d
w~~A ~nd ~Eid~d by. ~M ppp~N ~ww n~u~a»d iw ~atd aawi~w~? noN J~W bua~w Au~ ~wd w?~bM IarAW~iA O~ MM/NItM M» oW~on oi ~M Mon9+vN.
a fr11r ~ad ce~+ob»b M N wiA ~yorp~a ~uw~ of .~oMtr wN aip:n~lh u~p~M~M a b~ w~0 w wcA d~tr. ~uw M?~td aawhw.~? noh a Mniw w ~M
c011tIYy rqMriMql~ndfn¢
t. io ddivw » t~id Matwy». ow a~foe~ M~rcA 15N~ of Mt# ~wr. ua ~~ipM e~rifwwci~y M» phrwNM oi ~q bwhrliy in~poNd t~¦w fa M» p~c~nq
c~M~da y«r. b d~liva le wid Mo.~W9N. r~cwpb widw~ci+~v M» wYwwn~ 01 ~N liwa fa O~:c iwiprcwnynh wiM~M nie~I d~y~ a1Nr ~M ~wM ~MII b~cow»
aw .~e ow+w.. .~e a o.r «~.c~..a. w~wa~? ~,.a t9o! d.r. .t+« ew d.N. .~r .~d u~ aow.~,~ aw ~..Y e. ~.d. o~ ~M ~w.~wa+ aeo«+r.
on Mis wa~p~q~ a rwM. ar N Mtl oNw ww ?MUltiiq fraw Mr Mortp~y~ ind~bNdryss s~d~t b~rtliFmw~WY~t a~d i/ M~b ~ondi~iow b~ no1 cweo~i~d wid? ~1 PM- ~
law»d. a~id nionO~YN ~ P~Y sud~ ww a wnr wAid~ ~MII baoin~ va1 el tA~ d~W acw~d qr ~Ais nar~WO~. ~nd sMN E~r int~r«~ N 1M aN ol ~ia pa cwN.
t1%) a~ M~ww, v+r~bM u.t-~mw~hr wuil o.id a Ntd Morp~qh nay ~bc~ Mu ..id n~a~y.q~ d~M Mw~upen acen» du~ w~d ar~bN fwN~w~d?.
9. h h tu.~M. cewn~M~d ~nd +w«d M~a~d v+nib thH ~n M~ w~M af ~ ~uif b~in0 i,u~~~vhd w/aubN Mi~ rnorp~p~. Hw M«p~pN ~h~11 b~ «aiN~d a
+ov~11 N arW tiwr p~ndwp wtA 1w~clwun wit b 1M towt Irvi~ Iuri~A'ittion tha~of ta tM ~ppoin~n»nt of ~ ~~t~ivrr e! NI and iinpu4r 1M +nn~WO~d P~~b.
and d ap Ny nn1~,, lncon~. Orefi~s, hauM ~nd w~. ~ ce dwivM: +ed N~~upon it b Mr~r ~~pnaly tov~~+anud ~nd prwd
+AN M» eowt ~MII falAwriN~ ~ppoid • nc~:~ a1 winh~~~ p~.-sll-~~d.~4r. ~nd o~ wdi ew~M, inconw. woffu. iaww ~nd rewnu~ N»rw/. kaw
..MhewM sawn dwiwd. wi~A ~M uswl aoM^~n and G ef ncwwn in Gk~ c~si~: ~nd w~d~ +ovo~n~nt sA~ll b~ rw+d~ bv ~uch courl a~ inanp e1 ~trkt rpM
b ~M M1o~0~~. Hs wtcwwn. Ny~~ rp~wN+tivM w aai~, ~nd witlwU+~tMrA~M ~d~qu~cr o~ Lyd~p~wcy d Mw v~lw d ~M oioW~~1l AK~by ~nwty~p~4,
a b ~M solv~ncy a MuoMety of Mr Matp~por. ~ tMt. nid. o~~b. incoNM. ~uva'and ~wseN+h sAall ~ppt»d b~r wd~ hc~iv~ ~s M~ wynNnt of tM
~nort~0~ Ind~bMdn~+~. totb ~nd dwpM, ~aordino a IM~ a~of wd? oovrt~
t0. N. canvwana ~Aarld b~ w~~ M Mw ~~Y~oa`p1 1~! 1i~aniN1 ~iniw' w~cri0~d. «~ny o+~ N+~rwf. rriN~ah Nr wri~hn cawn~ o! Nw Maty~pw. +od ~
wi1AaA uwwip~ion in r~P+~w lora ei Mw br tlr yr~nf» bi ~Ilr obltyilten b th~ Morfq~q» ut~Nd bp Nid poww~wry noM Md thi~ na~W9~. Nw~. ~nd in fMf
~v~nt. Nw/ N tM aWion ot /M Abr~yp~~ rwl wifho~A notic~. sfl w+~ of ~y wewtd Iwebp sMll inaw~di~Ny wid senevre~nty wiM wd~ eonwy~u Mcaw~ °
du~ ~ O~Y~bN ~nd in ddault. i
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11. Th~t in Nw tvent ~M w~~us hK~bp na?W~O~d. o~ ~nY pir~ Nww~, sA~ll b~ condsm+ed ~nd t~k~n for Pub~ic w~ w~ tM oo~ of ~wrn~nt datiin.
~h. Merq.o.• ~ha11 Mv. M. r~¢a a d~w.nd N,n a11 drw.9., ,wa.d.d fo. N~. atuq o~ « d.~sy.. a a.id p.~s.. ,A.N b. p.~d w M. Mo~9.q.. uP a+M .~w~~n~
Nwn u~id on M~i~ wqny~y~ Md ~t N» opion of tM Mwty~qM ~Y ~~vP~d ~vd+ ~M WY~nb laf qy~bN tMnon. ~i
12. iM w~afy~yo? bin~ hinntlf no~ b~r~tt w panw~ te b~ x~d~d wry Mw bpldi~ on tM pMwi~p hM~in nwtly~q~d O~ b ~dd b O~ pnn~i/ b b~ ~dd~d ;
ro u~y ef tM ~:istinY iw~prw«w~nb Nwwn or n~at~ any tl,~npw a~fNr~tia» in wid iTwo.r~wwnh which nutwi~l~ll chMp~ tM s~nw a N~t vs~ N~~of. vn~Aow
fA. wri~Mn cora.nf of M+. Mo.~p.q~.. and in ~M ~v.M of .ny viol.?ioe er •n~W a viotaa ~his u~pu4tioe Mis mw~qp~ w~d d1 swro ..cw~d 1,«~by sMll un. ;
nwd4ls~y Meaie~ du~ ~nd aolbcnbN u tM option of th~ Mortp~pM.
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ll. U ~a sP~eifitdlr prNd tMt ti~ is of Nw ~sw~~ of d~i~ eoe~rad ~1 that no wai.hr of ~
+M oA:iq~tion I~~r ot of th~ oblip~lion s~twed fwr~br ahaQ N any
ti~ b~ MW w b~ ~ vr~iwr of tA~ N.na Mr~of w of Mw irotrwn~nr ucw~d Aa~Etr_
14. If lonclosur~ pocMd'inqs of ~ny s~cond mwtp~q~ a s~cond trust J~~d or anY i~,n:w li~n of ~ny tind ahould b~ iroti~vnd, tM N~wtq~Lw ~Y. ip oprian,
im~daNly ar M~rwher eMclar~ N~is +nwty~p~ ~nd tlw ind~bndr~s a~cw~d Mr~M? dw ~nd wYabl~ forMvridy ~nd ~wy u ih oPtbn ~oc~td w foreclos~ MGf
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13. To fl» ~aMm of th~ &w~bNdnas of ~M Merty~qo? b ~M Abr~p~qN d~suibd her~in a aecw~d hw~bp ~M Nbrtq~q~y is AKebp svbroqaNd a rA~ 1~ n
I~~nf ~nd b ~M ri9hb of ~M ow~ws and holdas Nwwf of NcA ~nd ~vrry wwr~y~q~ li~n a ahsr incvmbr~na on ~M 4nd dacriMd herein whicA b Wid ~nd/a
~tiafi~d in wAo1~ w in vM oue of ~M proceds of t!y Iwn d~sc?:b~d her~:n or s~cw~d MrebY, and Nr resp~ctiv~ li~ns oi aid enor~p~yes. I:eni a aM~ iawnbrane~s
tMl1 E~ ~nd Mr. s~w~ and wth M Mwn Mreby is p~ss~wd and ~hall p~ss w and b~ htW bY Nw Mortp~yN I+w~in ~s wcurily for Nr ind~bbdmsa b Ny Matp~y~
M+~in dacr~b~d a he~~by s~cvrd. a N~ s~nr ~:ten~ Ny~ i~ would Mw been pnur.~d and w~ouea tv.r b~an piur! a and bu+ Aeld by tM Mortp~~ Md it been
d~+N ~nd .wul+rh +ssWM4 nrrf~.r.d, s~f ow. and d~l~vK~d „nro ~M Mw~y~y~e by s~par•a de~ of Nsiqnnrm naw~MatMdinq Mw taa M.r N» ssn» inar be
utisfi~d and c~lbd of r~cord. it bewq Uw intemion of Nw part:es Aere~o thN M~ s~ w~ll M s~tis(i~d ~nd cw~c~lkd d r~cord by tM holden Hwreof w abon? ;
rh~ timt of N» r~oordinp o1 Mis mertp~p~.
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~d. YO p1Y iii 1n~ ii ~ i
nqu4• N+e cw~s. cMrqes and e¦pens~s. ~nclud~ng lawyer'~ /ees. reaswubl~ .ncwred pr pi~d ar ~nr r~.ne by the Mo.rgaqe~. because o( e1K {
fa~lure of ~Ae Mp~yagw to perfwin. co~npfy w~~h ~nd ~b:de by exh and ~vqY ~Ae a~~pula~wns. ~q.ee.ntn~s. cond~t~a». and :ev~ynts of y~.d pom~sso~y no~t and J+n Z
aeed. or e~~her. ~~v~rv sucti wr~~s sM~l bear in~~rest frpn da~e a~ ~he rare prov~ded ~n s~~d aan~aaory noN. _
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wh«~ .~«~ne ef .rex.p b a w~a M M. M«w.qo. w a~. Mo.~av. Ma.. N,. ~..m. h...of .A.n b. M a.r«,h. o. .~+oula .1+. r
NbrTq~yor dtl~ult in
~ny of tA~ o~ ferna, provisiont a condiriom of N+is Mare~qe, tlwn and in thN us~ tM Mortpape~ shall havr Nw rpM, wiN~ow ~wrice ro fAe Mwty+pw. w
colba and ~~uiv~ fron~ ~n~r t~.w~t or InsN ot s+id ~natO~ped wanis~s ~M nnb. ~aws ~nd pof~n of tM ~NI ~sta» henbY . ~nonq+Y~d and tM iniprovemenb
, Mereon, and b 9ive woPa ?~u~vM r+d acpwnr+c~s tMr~lw. ~nd affu WYuW all can~~isa:wa of ~r ~~nql aq~nr colbcfiny tM tame. ~nd any rason~bl~ ata?ewy~ .
INS ~nd o~Mr n~c~swy ~~W~+~s incwr~d :n cdbctiny s~n~, b~pply d» Wocieds oI svch colkctiaa Wa~ ~nY ind~bNdn~s+, oW~yHan a liabil:~y, o( ~M
~wt9+qor Mrwn~lv. TM riqlu p~nNd the Morty~yN undv this W?Wr+ph sMll b~ in ~dd~fion %~nd sFrll nW IirM w nstrid. ~ny oth~t riy1N or riphh 9~anted
t?» Mw?p~yM in M~s 1Nonp~qe.
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lE- If ~ Nbrtaqon q ~Fr tinr o( mskinp tAis Mortyp~ w subs~pwnt Me.~ro ~•k~ ow lif~ iniw+nc~ elesiyn+tinY dr MwW+9a~ hn~ie n beneliciary wieh a 1
~~r ~PO~ov~d Sy t!r A1atp~yN or psipni Polici~s b dr Mwtq~qN for tM VwPOa~ of secwinp Nr merl~y~ Iwn Fwr~b~r s~cwed. tMn ~M Mw?q~pe~ ~MII ~
hare tM riqM b Wf~ +~1r P~~~ +aniirq ~w+4r said polcciea, and all swna so esw~d~d sAall b~ add~d a and b~can~ ~ Pw of ~M principal indebedeMS ssawed
~~1 ~ P+d e'f~ ~~~9+9a m~~Wp~e in rweM ~qwl co~nacutive mo~N~ly insbllnyeus. M~ fint mond~lp :raul4rwM ro b pi:d
wn of and in addtian w d» ~ww~dJy p~y~w~nt du~ w?de~ ~his Mortq~q~ in tM fin~ ulend~r ~nont6 ioltowinp tM ~~nq of iaid aw~+. Such sums so e¦p~nded
~o be~r i~arest tl Nr r~M ~I which ina.est is pay~bM upon s~id Wincipal :nd~bt~dr~ss and fM I:en of drs Mort9~9~ drll eaNnd b~nd s~c~n 1M swns w capen6ed
~oqetMr MiiA iMtrut ehv~an p he~anb~(on W~+ridrd.
19_ il~at w~~ll»? ~iN~ osd iw odd"eio~ ~o tM ~owN~y porw~wt d priwcipol md Mf!(!i~ POrYW! YOdf~ I~f MI~i OI 1`f ~N fttYfNJ I1l~ .
eby. A4ort~yor
; i6d1 poq b Mortyop~e ~ocl~ ~ootr w~ti ~aid wwe a frlF~r poid, owe-~+rlft6 (1/IZ) of o sw p~wi a N~ wwud p~e~ia dw for f'u~. e:tead~d cow.oqe.
~ end otber Iw:ard i~w?ano~ oove~iaY Il~e ~orlyo~d P?op~b. P~vs foxes ond auessMwb wad dw w t4 worfYo~d ProPN~r (aU os estiwoted br INort~ogee)
; tess oM swu dnady Ooid tMr~fo~, owd to b~ d'i~id~d br tlr ~vwber of ~owNis 1e elapse p~io~ ~o tly doh Mrl~ w~i tsa~s o~d as+~ss~ewb s6op becw~e
t delinqwnt. Soid w~s sMoN t» 6~W bq Mortpo~~ iw u~rsf w a~diled b fM priacipd of tM~ bow, b pop wid iwswo~a. ~o:es, owd osssa~eeb oed shoM
~ b~ appli~d o~ tM po~t tlwwf vrMw Qw. Awp eacys MId iw trrsr b~r A{o~~ ~Mw soid loaw is pad iw firM ~AaM b~ paid b w Iws
ouip~s a p~no~d nprwwbliws. Iw 1M ev~wf d a defonlt or foredosor~, soGd s~r~s Mld iw h~ iwp b~ ~p'li~d ow o~r co~fs d do~oyes wsbiwed in
i conn~ctio~ witw tl» ooq~tiow of 11» wot~ f~cvred Iwebr ~tM? bp s~A, for~cbs~n, or Wlwwise. Morgop~e ~op lro~ 1i~ b tiiwe a1 ifs option ~ro+~e,
~ a~ ofNr owr wri w~eiwr. ~ei~aloM awp or oM pro~isio~s Iqreof rpviriwy soc~ d~posils, bp wotic~ b AAor1~w w vrifip. WA~Ie o~r sucb ~aiver is in
~ ef(ect. AAprtYo~e~r sIq11 Pop IoaK, asks+~enb wd iewronn prNi~~s os IKr~ia e~sewhere p~orided.
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