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HomeMy WebLinkAbout0072 7. N y+y ot tl» ~veti ol n+a»Y hN~+ ~~~~d w M nw ptow~~b ~nd hrlh o++d witAin ~rty f~01 ~tl~ n~a~ ~t~« N» saw~ ~MrNlp baa+N d,~ w~d Wr~W~. a N~ w+d ~v~ry ~M N~w+i~uaw ~ww^ry. con6~an~. and cov~Mnb ol aid wan~~~«Y noN ~nd Mi~ ~or~p~p~. a HNw. na a~,ti w•~w~d cwro1~~A wi~A ~nd abid~d bY. tM a~qrpiH tv~n minuo+rd in uid aonu~iory noN ~Mfl bconr dw ~nd WY~ IaMw~~A w Mw~~INe tM op~an ol ~M Mw~y~pN. r~tti and cawoMahr t~ ..id ayor.9.n .v~ o~ ~a+.r wu «~a~.iN ucP„~.~.d a b. w~e on wc~ d.r. arw~l,~n~ ~n a.~d aowasw.y ~a. w A..•~ a ~M . conn~ry rw~willaqndinp. S. To d~1ivK N Mid Morp~pN. on a Mfa~ A4rcA 1SM of wcl~ ri+~. t~a ac~ipb wid~ncin~ th~ MYn~n~ 01 NI I~wfully ir~pw~d qaw la M+~ W~c~6ny c~Mnd~r Y+a. b d~iivM b wid fitari~s~r, tsusz.-ri a= =-.-x~ s-si~ a~ s~! l:~w/ nuplic impewMMnN w~Min nin~ry (90) d~r~ d~r tM J+~11 aco~ dw w~d W1~~N. ~nd /o WY « 4~~9~ wid~in nin~ryr (V0) d~Y~ ~ItM du~ d~M. ~nY ~e~d ill povenumnul bvi„ MN wyy b~ ~ on ~M rnat0+9~ ProYM~Y. _ on lhia mw19w~ a noN. w i~ ~ny oN~w w~Y nsuhinp haw Nr Mo~+yp~ ind~pMd/wu Ncw~d M? ~f nar~q~yr, ~nd il M~is condition b~ nw caroli~d wi~h ~nd , fa.rd. ~aid nanp~pM nyY MY sucA swn or ~w~a wRicA ~MII beconr o~ 01 d+~ d~bf Ncw~d Aq ~i~ e+w~p~q~. and ~MII bNr inNr«~ q Nr rp~ ol ~1¦ pw c~nr. ~e%) o« w+~+~,. v+r•s~. ...~-.~+~+wih un81 p~id w f~id Abrtp~pM ~y ~Nct tAU said mwty~q~ debl N~~ww~ baow» dw and WY~ 1wMvriM. ~ i 9. U i~ iwtM~ cown~nqd ~nd ~wNd br u3d pw~~ tM~ in ~M ~wnt oi ~~uit banq iniur~e~d ro for~clw~ Mu ~w9~. N+~ Ma~pM ~hall b~ ~nu~Md w pply ~t anp tiw~ p~in0 auth for~cloaw~ wit a M~ cowt Mww iw~~dktion ~hveol Iw tM woae~~nem o1 ~ nc~ivK d~11 ~nd sinqu4r tM enorp~p~d nr~b. ~nd ef ~11 ~M nnfs. Inconwq .woFih, isN»s and r~wiw~ M~rwl. iroiu wh~noev~r ~owc~ dniwd: ~nd ~~uoon i~ b M.~Ay ~aaN~M cewMnqd ~nd prNd ON ~Mt d» cour~ ~MII forN+wi~h ~ppoiM • ~~vw d s~id ~nortq~y~d popN~y, all and sinqula~. ~nd o! such nnb. ieconw~. Profifs, iuw~ and nwnw N~wi. I~aw wMKewa wurn dwiv~d. wiiA tM u~wt Vow~n ~nd dufi„ o! ~ativ~n in lik~ caus: ~nd wcA +vPo~~t~~ ~MI~ a nyd~ Etl sucA cowl af •~nM of ~hict ~:yAt q/M MorfO~YN. iq ~uccMa~. b9~1 np~~^INiwa a N~ipro. ind withaM r~}w~nc~ b ~M ~dpu~cy a in~d~pwcY oI 1M vNw o1 tM pop~+M MnbY ~9~9~. ~ i w b ~M tdw~cY ar ~~Y ot tM Mortp~ya, and Mw~ such nM, poliM. iaonr. iuw~ ~nd rev~nuN sA~ll ~~ppli~d b~r wd~ nc~iv~r te tM MY~w~nf of NN 3 mortay~ ind~»diws, tab w~d ch+r~. ~aordrq a t1r «dK d wd~ cowt. 10. li ~ conv~r~nc+ ~hould ~ nwd~ ey ~M Mw~9pa of Nn wem~sN Iw~in dnvtbd. or ~ny o+rt Nwrw/. wiN~ah tM w~itNn cawn~ of tA~ Abrt9~pN. ~nd ~ wilAaM aswro~ion in rpu1M form oi 4w !q dw pr~nt» e1 k» oblipNion to M~ JNortW9N crNNd bY ~aid p?onrawY woN ~nd N+h nartp+q~. d+«4 ~nd in ~AN MM. ~nd N~M uWien of ~M Ma~w ~ wiN+ar~ not:c~. ~II sw~ ol moMtr wcwed Iwrsby ~MII inwn~di~NK ~nd caicwnn~ly wiM ~ud+ conv~yw~c~ b~coia~ ` : dw ~nd oty~N M?d ie dt/wh. 3 11. TM1 in ~M tvar M» P?Nni~~s Mr~bY nar~p~p~d, p MY PM~ tAMWf, sA~ll b~ conde~ned ~nd t~k~n for ~ublk wr w~dw Mw vovw? of Mniewnf donwr4 ~M Morq~yN ~Aall A~ve Mr riqhl /o d~nd dyt ~tl d~wyqM ~w~d for M~ +.twq o~ w d.ma9a ~a .«d w.~s.. sh.ll b. a~d a M. Mw+o•o.• un a~• .~,nr Nrn ww.id on tlw wwr+w4~ M+d •t ~A. apan ot N» Morta9M Mr ~•oo~Nd uoon N~. o~rT•ne. 1ae pa~r.bM th«~on. ~ lZ. TM nartw0a bind~ hinu~N no1 b v~d w p~rnwt Ie b~ ~r~N~A w~y n~w buiWinq~ on rM w~w Mnin n+orrp~p~d o~ to ~dd to w perm:t b b~ ~dded b~nY oi IM ~ais~Nq imprw«nw+b eMr~on w mak~ a~y ehanpN a~Nx~tibu in uid i~nprov~nNnh wAid~ nrtwially eMn~ N» s~ a N» us~ tMnef. w~M~aw ~ d» witNn eoea~nl d tM MafppN. ~nd in IM ~wnt ol ~nY violation or ~nanW a viobt~ tNf atipubtian Mis moh9+Y~ ~nd ~11 swns ~tew~d Iw~Ay sMll inr ~ n~tely l~cwn~ dw ~nd colbct~El~ n~ uWion of tM Mortp~p». 3 1~. u~. w.rir~c.ib •w••d x+.~ r~~. n or +ti....«+c. or ~o.~~..n .~a d,.~ ~o w.~w. o~ .m oe~c9.~~ ~,...~d.. a o~ d,. ow~y.no~+ ..~.d i+...br ahstl ~t ~n11 ~ tinw b~ Mld ~o M ~ w~ivrr ot N+~ Nrn~a M~~ol a of d» ~merviw~M secw~d Mr~bY- 3 11. 1/ toncbaun o~wdinps of ~nY ~~cond mwtwq~ a s~cond trwt dMd or anv ivn:w I:ee o1 any kind ~ho~+ld E~ :rotifu»d. tM Mor~p~tw ~y. i~s oorioo. irn~di~N~Y w MwNfMr el~c4r~ Ma ~nor~9+y~ ~nd tM ind~Ohdn~ss s~ew~d Mr~by du~ ~+d WYabb Iw~hwi~A. ~nd wyr q ib uPrion aoeMd to /a~elos~ Mis mortp~p~. 13. To fM ~ahm o1 tM indebNdn~is of ~iy Mort4~pw to t!a ltllwt9apee dncr~Md M.~~n a secw~d Iweby ~M Mer~p~qe~ is Mrebr a~,bro~Nd a rM lien or li~na ~nd to M~ riyAb of M~ own~n ~nd holdas N~ereof of ~~ch and wery mw~g~p~ li~n a wMr incvmbrana on th~ I~nd daaib~d Mr~in wAich h psid and/a utiafi~d in wlwt~ w in p~rt ow oF M~ proce~M of tM Iwn deacriD~d Aer~in u ucu.ed Mrebr. +~d d» ~esoKrive li«a of s~id nar~p~9es. I~+~ a oMa+ ~ncv~ances ; tMU b~ ~nd IM. wr.~ ~nd ~ad~ ot ~Mm ha~eby i~ Pnstn~d and sMll p~as ro~nd b~ Mld M fM Mwp~~ Mr~in u wcwih fw fA~ indeM~dr»ss a tM MortOpN Mr~in describd a lureby secvred. w d~ u~ e.ren? N+sr i~ wa,ld Mv~ been W~se~wd and wo~td have b~en p~sw! ro ~nd been MW EY tM M1w~p~yM Md it Eeen duM a~d nw~M +~siy~rd, h~nsfar~d, sN wrr +nd ddiva~d w,ro ~M Mor~gaq.~ eY s~o+~~r~ de~d o! ~asiqrwmnt noew~dn~aednp rM f~ct tMt fM s~ m+Y be utisfud and canc~lled oi r~cwd, it b~:np tM inNn~~on of tM p+rt~es herNO that the sa~ w~p b~ ta~afi~d and c~nc~lld of recwd by tM hol~s th~r~of a abov~ tM tin~ of tM ruw6rp d ~Ais mwtya9~. 16. To par •11 ~nd s.~lar ~M cos». clwqes ~nd e,penses. ~nclvd~ng liw~er'a fees. reasonabl~ ~ncurred w pa~d a~ u+r by rne Marqa9ee. bec+use of M~e fa~t~~e of el,~ Mw~yaqo. ~o perfa.n, comply w~M and abide by exA and eve~v H+e shpula~.o~t, aqreemenes. td+dtwns. and covtnamti of u~d pom~isay nore u+d e?~~a deed. a~~M+e~. and e~ery suc~ wr~~s sMll bear inuies~ (~om d~te at N~e ra~e p~ov~ded ~n sa~d pan~aswY noN. 17. Wh~n ~ny anwuM ef nwney a b~ W1d bY tlr Abrty~qor b tM Morty~yN trrdM Mw Mrns Mrwf shall b~ in d~lwh. or shoutd ~M Mwtp~pw defwlt in ~ny of tM aMr urms, pravisiom or eond~tioro o} this Mor~9ay~. tMn and in th~e us~ MK AAaty~ys~ sh~ll Mw ~M riyht, withwif not~e~ ro tM AAw~p~qw, to s colkct and rac~iw iro~ ~nY N*+nt a lesu~ of ~aid morty~ped prtmis~s My r~nb. iuues ~nd pof~es ot t!» rwi Nt~e~ her~by nwnp~yed aed rM ~mpov~inenb tMr~on. snd b qiv~ papa nc~iph ~nd ~cauinanc~s tF~er~fw. ~nd ~ira pay:nq •tt con+~:sa~ons of w~y remd pn~t collectinp tM sam~. and any reuassEl~ atarery i ha snd odw n~c~s~sry ~:p~ro~s incwnd in collMirg s~nr. b~pplp tM proceeds ofi s~ch colkctions upa+ ~nr indtMednea. obliy~r~on u li~il:~y, of rM Mortq~pw hereundK. ih~ riyh~ qrl~nled Nr Mor1~~ undn Mis p~npr~ph sh+ll b~ in ~ddition to. and shall eat limil w r~stritl, uhr aMt ripht a riphts qran~ed tFw Morty~yw in tAu Mon9~9~• ~ li. If dr 1Norty~pws N th~ ti~ d~esk'wq tlra Mortpp~ a subspu~nt th~r~to t~k~ out ti/~ in~ur~nc~ d~siqnatwq. Ny-Morfpsye~ herein u beneficiary wi~h s ~~Y ~awov~d b~r ~ Mortp~q~ a ysipns polici~s a tM Abrtq~yN for ft~~ purpou of secwup tM mor~W9~ Iwn kereby secwed. tlwn rh~ AAaty~pee aMll A~ve ~M riqAt b P+Y ~M P~Nnium acaui~9 w~d~r uid policin. ~nd ~It wms so ~apend~d sAall be add~d ~o and b~can~ • D+~~ of tM pi~ciW~ indeb~sdrrss sacwed by Mis Ma1p~p~ ~nd sh~ll b~ w~d M~~~9+9a b~~~W9~~ in twelv~ pwl consacwiw monrhly irnul6mnri, tl» fint monMlp irotallarnt w b~ p~id ~s • puf of end in ~dfition b tM inond~lp pay~f dw u+der th:s Nbrtq~y~ io tM fint ulee~d~r ma~fh folbw:rq th~ ~~eq of sa:d surn. S~ch swns so e~pended ro btu inNrest tl ~M nt~ at wh:ch intant ia pay~bN upa~ uid principsl i~btedness ~nd ~A~ li~n of th:s Morlq~q~ sh+ll ~sNnd b and s~cun tM swns W e~pended toqether wiih a~Nr~st tA~rwn is har~mbs/on prarid~d. i ~ . = 19. ilwt toyMl~er ~riN~ awd i~ oddiliow b!be ~o~Ndr parw~el of pri~cipol awd iw/erest pa~roble ~wd~r tIK t~r~ af tUe woN secvr~d herebr. Nbrtyo~or s shdl pay b Morloo~~ ~ocl~ woalli ~wH wid wote is frUy pnid, w~-~wditl~ (1/14) of o w~ ~q~wl w rM owwual p~Nivw dw for Fue.•e:rewded coreroye, . ond whsr Iwzard i~wrawc~ c9~e~wY IIN ~xbop~d P?operb. P~os ta:es a~d oas~swwb ws:t dw ow die worqo~d propNry (dl m esti~weed bp Morqopes) ~ leu oll w~s dr~odr paid tlw~~fo?, owd b b~ divid~d bp Nn ev~ber oF ~owtMs ~o dapst prior w IIw daRe rl~ srd~ tsaes owd oswsweb s6a11 becowe ~ d~linqwnf. Soid svws s6ar b~ wld br Mor1~o0N iw bnst or a~dited b f~e priwcipd o/ fIN bo~, b pdp soid iwwrowt~. Ious, owd ow~wwh oed slwll b~ oppli~d o~ Nr pop~M tMr~of wMw dw. Mp eaas:s Mld ie huat bp NbrryaqK wUew soid bow is poid i~ /dl aAoll be poid ~o IMortpopw. or 6is ~ ouipas. or pe~swd repr~wtolires. In flw rn~t d o d~(anh w fweclosw~. +aid so~s IwW iw trud ~wp be appli~d w oqr oosls d dow~opes svsteiwed in ~ coww~diow wifA N~t oop~diew oi :h~ woN s~cvred 6ereb~l olkeAer b7r s~it, (ueclown, w w~ervrise. Mor~Yo~N ~o~r frow ti~e M tiwc at ifs option v.aive. ~ ond ofler owr wd~ woiYe~, r~uiataN oey o? aN pro~isiows Uer~o1 rp~iriap wcA deposils, bp wotiu b Mwfyopw iw ~rritiwy. Wh~7~ awp wcA vroiv~r is in ~HM. Mwepopor slwll pop ta~~s, ewst~ewb ond iwwronc~ pre~iu~s os Y~tiw dsewhsre prn~ided. ~ ~ ~ _ ~ ~ ' ~ - ~ IN WITNESS Wi1EREOf. ~M s~W Mwt9+va Mr~w+a wes hh lw~d «?d swl tAb ~M d~Y w~d trw fast ~bo~ writMn. ~ .3 ~ / 9 ( ` ti ~ . . ; ~ ~ _ . . _ - ~ - ISEwtI • - - S:aqd, a..~se ,na a~~iv..ee j/ . a~ 'Pat auri~ TG/ b • ~ ~ . .-.l^`!!-~..-_..~v`--`-\+~~ Pauline~ia ~ ~ . _ ~ ' ~0 , ~ ~ "3 ~ Y~ C~, ~~'~L~ ' . ~ _ - - ~ - -~c r,,c~ - - - ~ ~ 800K ~?.L~ PlI~;E ~ ~ ~ ~ ; ~s ~ i-.u~ _-za~.,-... _ ~ r.~~` . . : ~ ~ . _ "~'r~ ~