HomeMy WebLinkAbout1692 lhs~. m cu.tr~ m.rc fytls ~c.~a.aa~ ~ir x~nast~ c~e~e~is3,~t Wrc ts~t~~t~ta~thcr ~~th..uiJ in x1J~twn lu. Ihr munthl~ p.~~ mrntc
undcr thc trra?+ u3 tfir r+cat +c~ufd i~crc~+~ . a~ sl~c auuri d+) rx~ nwuA wu~l tlrc *+ul nuet (uUy p:??J. v.ill pay to thr murl~cr thr (ulluw •
wms
I~I AA QflOLL/~ WSfi'l~'~ 1b ivs?.~Ar ~c ie.~An ~tscvf ~ru~t fua~l+ w Rsy tAr ne~t mwt~c inwrance premium if Ihi~ imlrumrnl :+nJ tht
n.~tc +erurod lrsakn ~rt awan/ ar a~:inclpc ~a bc~ ut + aaxt~rt+e ~nwrance prcm~uml if thcy are heW by the ticcrrtary o(
Huustq~ aoA t`~twn Ot+ala~c~ ~e? t~r~+?r
1!) tf xod +0 1cv~ Y+ +.+u11,~ac c~ss Ju~r ~ad ~6e? n~+crwacsu +rr ~c?~+urcd ~x .ue ~cinwred un~kr the pravi.iuos u( Ihe Natiunal
~,u~ .~ct. „e ~~wma „Ki~yc~r r i;.-a~t~c ur ~t b:rui+ u( ihe AuWcr w~e 111 montA priur t.~ itc Jut Jate Ux annual mur~-
E;~C~nwrxocx /~rc.imrn s~a~u w~+a.iJrc Mu1.l~rr wuA fwrh w pay .uch prrmium ~u the Sea~rctxry ot Huu~ing anJ
1'rlwe Orsc~mna~ pr+a~+~a ~?3rc ~,e..c~i li~awo~ .~a:t_ a. aocu~kd. anJ appkcaDk Rrgu{-rii.m. the~cunJer. or
ti ye/ ,,e 1c,qc a. .aua ~ca,c o6 r.co ~rrcc ,is1 cl~+ irntnoKSt arc Acld by ~f+e Setrctuy ot Houvng and Urt+an Ikvelupmcnt. a
~,~[tiy c~a~r ~a iw, ed ,~s~r ~,rrawae /erswaw~ w~#scA ,lr~N be ia ~n amount equal tu unr-tN~l(th 111121 of one-halt
11 ri ~w cY+e~w ~1 ~c y+c~r~pr ~+i+~rAi ~+?~wx +br ow [hC ~ute ~`~°putnl ~i1Mwt wking mW acriwnt delinquen~ie. or
Wa~a)~otait*:
Ih~ ~ wa c+~ua1 sc~ t~r pawmd i=+ek ~ w}_ oc~ ~.c. s~ Es~r v~em.~ elau +.iN ne~~ be~wne Jur •rn.f iwy~bk on puti~ir~ of firr anJ
b~~,~a :....r,..~,r.~...r..s.r ir ~eeaeo~ ~r.~o~er~s _ sacc t~ae~ a~t a*x+unznee ne~i due un the mortgagai pruprny lall a+ r,~i-
M t~ s~r;~~poc~ tcw ~~rc~? ~+r,ata p~f ci~crt(ur,b~~?c,i by ihe nwn~er u( mor?tM to elapct before one muMh prux tii 1he
d~e sLoa w~ pr~.~,o~/ ~sa` /~c~+~ ti.e~ ~t ,r..K..~ran ~~i p~ctwar Jclinyuem. such wms 1u be held b)~ murt~gee in trust
to pa) s~n/ paww/ tc~ts ~rs~s.- ta.e~ ~si ,pc.-z+t a.~t++s~oct: aw~l
Icl AU jwyarat+mc~ari+¦irr+wp+e?olY~++~+t.nwa+.~! c~r?p~u~ca~:~1:Jf paymenh tobe maJt un~r the note crcureJ herc- ;
M Sh~N t~c yb6t~/ se~ct~a ~r a~e~.ac .~e.~wst d~crcu! .~utt b~c puwt by the murt~qnx each momh in a ci~gk pa~ ment to tx ap- i
plrcd b~ 2be merey~pnr fo slic [a~ir~m~ ecr~s ~o ic ur.fcr ~tt f.xt?_ 7
~ pr~~um c~a~+ s~aiar ~c ~-t ~t ~x~.r ~rai d~e Stcrc[sry uf Hou+ing -rnJ Urtv~ Dcvelupment, ur munthly rharge
Im Lai d~np~r ~mowoe /sr~~ ~e? tirc :awe ~a~ be:
1 U? g~vmd rtaes_ la~e+_ Yaews~t~tw. ise_ ~i aci~tt ~utar3 im+uarkt pctmiwnc: i
Ull anerr,~ ne ~r aae re.-,~a~ ~erri~} _ Yai ~
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m') imnn;r~a:u~.~ 5c ,~c.eow~ aE ~,a.b ~r_
p~a?nacnt ,ii,~_ unk;, m~Jt g.w~t by the mortgagur pnor to the due da[r of the next
~ p,~ ~y~ m~.~t d~eiy,a~t ~e,~cr cie~ m~c~pc- ~c iauct~ce ~y :ultect a"6tr charge" nat tu e~ceeJ ~wo cents i'-c) tor
each ddiar Iil l ad uc~ ~j•ioesa ~arr ~ if~oe~ ~ i~~ ir?w s irrras+ ~.»c* ~h~e ettra t~penx inYdv ed in h:?nJling d~linyuent pa~• meots.
llv~ d tfie tcud d~e ~r~~a~s asrAe i~ ~c ~aos~+~x Wr3~er ib~ u[ puratua0h Dre~zJi~ ,ball etceed the :?muunl ut the paymentc ;
xtualt) madt E+y $r m~a~oe. Wr ~arr~/ re~*. srac'? ~ad x++c~?'++~aeats ~+at ~n+uran?c prrmiums. as tht ra,e may t+e. wch eccecc at Ihe op- ?
twn d ur sang~or. ~iaw_ ir cx~ioi w,o.i+,c.ya~~ ~..`«i:s: ~ ~ a = ~ ~ ==s_ =L'a r~ s~r •••~!P.o~ It, ~~k•evtr_ t~±e -
--t v~..w '~:Cp... - .
~aonihiy ~y~-meats ~~BC ~y ~c ~aor~,~r ab~,d /uraga~ie :~cnc,fiua ~ul! n~x be wtTicitnt tu pay goumi r~nts, taxes •rnd asce+sment~
and insurynoc premrems. Ys tLc cn+e ~ri 1~e_ ui,cs dr ti+o~c +~+8 be~uarc.tue u~i ~}at+tr_ tlxn the mungagor ~hall pay to the mortg:igce any
~,~iy ~Sy~ rp~C~^~_ ,~~a~laR ~r,tu~c,rh,ca pc~yaecnt ~f ~wh goun.i ren[s. ta~es. assessments. or inwrance prem-
~s t{ ~ yu1 ~~~e~ ,~h~ ~,cs~i,c~ ~o ~CC auxt~r ia a~:orJa~-e w ith tht provisions of the note secured herehy, full ~
paymcot e~( tLe enti~c iod~nr++ irTrt+es~ni ~ci6~ _~c m.xs,er~+t~ .h~t_ in computisrg the amwrn ot ~uch indebte~lness. creJ+t to the ac- -
coum of the mo~tgxgc+r a{l ~±mcsae* a+yAc ~6cs ~ R~+Y*s~ .~f ai ~'pb ' Aere.~f v?hich the m~xtgagee has not become obligated to ;
pa~ !u the Secre~ c# ~icrr+~ ~eod ~~l~m +Ur+a~+rai .u~ lvkaa:t resuimr~e in t!rc tumf, x~umulateJ uoder the proviciuns of tb) of t
~~~y,y~ i~ k i~¢~t ~Acs ~w ,o~i e~ pE.rsi~aaas d cid awtg~ge_ resulting in a pubtic sak of the pcemi.e~ ra~ ered here-
a~~~~y~~ ~~~q~t~ ,o~r~~r ~[~ct ~e/a~A_ ie ~t~[e s1nN aQply. at the time ot thc commtn~ement uf ,u~h pru-
~~~~~~~,~t~ n st~era~r a~prR+L ~ir ld~o~e ei~ea cz~ m t1~e funds accumulated under 16) of paragr•rph ? preced-
i~e as a cteml aEaimt lLe yaocat ~ i~ ~ ft~a~°E ~~~'a'd'~utt'nd sh~ll properlY ~1~ ~Y PaYments w hich shall have
bern made usder ~ a~ et s~rA ~r:~aqi
71ut he w-i8 sw~ all ~a~r.. ~x~.~ ~~o e~er~+ :ysE .xire' ~?ncrnmen[~t ur mureiripal cFurge,. firKS. or impositionz_ tor which pro-
~
~•i~ic?n iu. ncM l~een m~6t firrcv~c~c+rt_ smd ar~.~edm~ slaztdE tLc m.xt~?~t,ce m~} p.a~ tht ,an+e: :axf ~hat he will promptly deliver the official ~
rucipi~ thuelar s~ tLr a,c,a~~~...... ;
5. 71ut !~c r in pfr~a _ cx+m~ . fa ,+r~,es a+o a~ x.ae_ e~mrs[_ oc Jrteriur.uiun uf viJ prup~erty ur ~ny pcan thereot: and in the event of the ~
failure of thc martgapcv ta ~c,c~ ~e 3w~tl~ o~ aa~! /ccan~e+ xs~t tt~~y+e co t~ erec[a! .x~ sai~1 Premixt_ ix improvemeni: ~hercon. in giwd rt-
pair_ the cnurtg.~ga iaa3 ms?e .vic~ relsa~r. xs s~ iaf ~awreu~a rt aern .im:~ acc.es.an f.x the proper prexn atiixi thereof. rnd the full amoum of,
eact~ end evm su3 pas me~ ~ril t+r +iiec .+d @oT:~ie_ .rs! +~ll bc +e~urni by [he lien of this murtgrge-
6. 7lear ~r w~}~a~ a~ ~md ve~r ~c cx•+ai ~cpes_ .~i e~~c+exs_ weci~wtin~ reawnabk Fawyer's fees. and costs o( abslracts of title. in-
curred cx ~d at ~e~ u~e~eE,t s~c m~n:~ypoc rw,airrc,ut dre [;~tssre ua d~t par[ uf tAe mur[grsot prumptly and fully to perform the agreement~
and cmenain. o! ~d rre.mi++~+c~ aese a~8 ~s a.~et~wer_ .~ud *aef:~*+t+_ c~arce~- aR.i eapcnsn shall be immedi~tely due and payabk and shall
'i - t+e xcured b~ t6e Lan af ti~es mm~tfypc ~ '
; -i}~ ~ s-i}~ ~,r c~„t~we~ Ioefca~x~ t~r~ed.~a tA,e m.xt~ngr.i property. u?wrtd at may be required [rom time
~ ~~m~ h~ $K me,Qtpeer ;~ra~a ~Cn,t ~w iar a~w/ ~sicr krr~uh_ .:?+a~ieies_ :uri canting~eek~ir+ io such am~wntc anJ (or ,uch periixls as may tx s
s ~tquntd{•r~+r~:~dsi& - - ~t~e~aa~+aa,a~i?fa,as~acE Eus Qa}aieat nf ~?hichptn~iswnhas nut heen m:.de----. -
~ herc~nbefore_ All ~a-.m s~di 4+r c~er~nr ~ r+w~n.e. ~~o+~r.! hg +a.xcLr~eer +eJ the polw-~es anJ renewal~ thereof shall be held by mortga-
~ poc ~nd ~rr ~cae ~n,~e ~~.x+r; ~~.ar ~ as.i wa t.~ xcrpt~ie w tA~ mor.~?g,ee_ In event o[ loss he wil! p.ive immeJiete
~ noticc h~ m~~ ti~ m~a~p~c_ ~~c~g~paC ~rs ~ic ~cnuf ~f 4»ti i{ rn~t ma.ie prompt{7 b7 murtgagor_ and each inwrance com an con- ~
D' Y
~ cerned i~ fiacM~ auaburiisd ~md ii~?-tai is auie ~ramca[ ~+w-i bss rire~-sE~ eo mort~ee instead ot to mangagor anJ mort~cee joinUy. _
~ .nd the imur-~ce ~c~rcd+._ c~ ~rs ~ t~ese+od_ ~ br ~c+f b} ~xt~ at its opti.x~ either to the reduction of the indebtedness herehy ~
~ ~ecused au w ihe u~sur~u~c+n s~ ~i ~c ~~*-~m.Mpc,f fa t•nu uf fuce~W,urt of this murtzre¢e ur other transfer of titk to ~he mort- ~
~ ~~sro~en~ m ~~nc~ues~~ c~ t~c ~oni~r?, ~-*rc~t bcrs~s. .~[i ri~du_ titk_ xxi interest of the mort~agor in and tu any inwrance puli-
~ cie~ theo in f orre +hail j+.ss sc+ t~ae ~wr:~+~e~ ae ~~er
1t. Tiut d tfie prea~e+r+. ar a~s /~n ~cc+ot_ i~c:~amieassmi u~ai~cr ~ny Du+e* uf rm~nent .i~main. ~x acquireJ for a public u3e. the dam:~ges.
ptocKd~. ~nd the a+us~dmaioe Scir vu.-~ y;qne~e~m- is tirc~aestt ui t~r fu~ :ue.w~ uf i~wfet+te~inrss upun this ~lonpage. and the NW e~ecureJ
hereby remaiaiq~e ua~+d. yre ~ere~t?~j ~+srp~aA ~~r 1L~c w e6~e Stuc~.~g~oe sad ~tul1 be pai~i forthwith to the Mixtgagce to be applied by :
f
it on accouM o( tbe ~ems +u~red iesa~+!~ _ rirsi~ ~Oirrc us rtut_ '
y. That tlr ex,n~ ~n_ ~t ~a saar ~rni~ ~ u~ apw~ tiec naxczrssc. aQpt~ to the cw?rt havi~ jurisdictwn thereof for tht appoint-
~ ment c~ a reuiver_ ~d s~ oa~ei ~h~AI f~at~r+~~.~p~a:a ra-cz.er of the premi~es ~awered hereby all and cingular. including alt and singular :
the income. ~otit~. iswcr_ md rr.e~n `sam a~~esa +~-r itn•i.1_ rx~ ~nd t~rmr ot which. it f+eing ~tprcssly understo~wi. i~ hereby ?
`j mort~ed a. if sreci6cel}~ ~ fe#n~ ~mA ~es:a~ia, ~ 3r ~ yri ~ ctattsts hetevf _ anJ iuch rtceiver shall have all the bro~d and
~ eHec:i~e tu~+ce~~ and poaer. ~ s~ssase e~+~at ba a:uYSC wa rnei~a_ ~wf sach aQpointment ;hall t+r m-rde by wch c~wrt as an :~Jmitted =
~ equ~t~ and a maiter of ~solme r~1ir t+r s~d a.x~ec+c- aa.E ~s~c ctfcrracr cu tlre a~qua~y ~x inaJequxy of the v~lue of Ihe property mort- i
~ t~~PPd or to the ~c.i.rnc± cK m~cd.s~nc? c~ .mi a~'~'*-r~aea~ ~ tk .br€tv~uu.. .~t that .uch rentt. profits. incume. i.,ur.. anJ re~•enuec .hall t?e -
app~icd b~ ~ch recsiur acr<,r~ in~c i~ ~eE t~ ~as~uec api ti~c prxtwc of wch cuurt. In the event uf any default un the part ~~f the mon- ~
_~gcu hercuader. the mnr~,ae~e~ xaccy. ec+ ~w, s~ ak a~.us~.~t wf .1rma~t ~s a rrawrrable montAly rental for the premises an amount at least ~
cqui~ akot to c?ne-tMrtfth ~ I~ i'~ a.f t~c ;~~~rc at ~r crtlre isua[~ ~s~.~sslloacnts p:+}+ble in ihe then current year plus Ihe aclual amuunt u ~
ti~c anruul te*ea. ~s~c~~mng4. a~ r~._ ~8 ~x ~c~ fx w~-A ~ru ?wt ~utitrt~3 by the afuresaid monthly payments. f
10. 71ut ~ a~ m the e?r~+a ma~ trea-~ ~at r~ ~~g.aoc or 3cf~slt .aa t~e p~rt uf the mortpgor. or 161 in tht tvenl that an~• of ,aid sumc of ~
= m..ne~ herein reierred ic~ #r ~=+rc+n~~ ~s.i fsai? ~~?sf.~at .Gesund .x rwxwe_ ur I~h io the erent that each and every the ctipulatiuns. ~
~ ~reemrnt.. c<~txxee_ as~d c<++~smrt* id »ri ocac mf ~~a- are nut ciu!} _ prumptly_ :uw! fu0y performed: then in either or any wch
e. ent. the s.~d a~qerrr:ee ~m me~.e+nr~ a+md ~e~c ~ rtvs+~F u~- witD interest xcrue~i to that time. and all money~ secureJ hereby.
~ .hall hecc+rre due ani ~tdr f<ua~rs~_ u~arrsi~a_ ie.~cria ef ti:wi er~pgee_ as fuily :uwi cumpletely a+ if •rll ot the said ~ums of mon- x
C~ M Ci[ l~Tl~'IiIAI}1 ~ll(~UF6it4~ i<i ~tYa @Y ti."~ ~_9 - Js~ti~ ~+a~ aute ur irt Ma mwYpgc to the cuntrary notwith~tanJing: a~d thereupon or
thercafter_ at the opeic+n a( .yid is~w~ae~r- ~.r~a.-~ae ar~oae ae ~Rcn~a.t- +nii ~t F++~ ur m equity. may be proucuted ac if atl moneys ~ecured here- ;
~ b~ had m~turtd io its insZS~ ~e znx~snc ~i (aEeciasc t)ti, m.M~ee- as tv the amuunt w JeclareJ due anJ payabk. and the said i
~rfm„e~ s~lf !+e so{d so uu.l~ ~ad ~un ir ,.,~c so,oes~er .~a# cuKt~_ c~pcaxr_ aExi allowancrs. In case of p.ni~l forecbsure of this mort~e.
~ thc rt~,•1F~e~,d piem~re. tih~ll #.c ~caid w]•~e,ca w~ c~c ~ b,en ut elns es.xt~e for tht ~mount of tfx debt ~wt then due and unpaiJ. In such
~ cux the prm evr.ns a~ tiw~ ~S~~gr~ ~r± yc~ he a~a~.rE drezc-sftec ir~ t~ae tu time by the mortgagee-
~ ~ That ifie ~ec~cg ~ap ~s,,c s~o3~c ~o~aac l~ ucu~ c.~ tYe nor[[~ce d sn} conveyance_ tr~nster_ or change of ownership of the "
ptcmius. ~
~ I± The~ nc, . a~er c~1 ae~ un~ trress s~r .f ~r x~~a! bertDy sluli at any ume thereafter be held to be a w•river of Ihe
~ term~ hcvcof o~ of tbe nc~e ae.-jerd ~ci+~
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