HomeMy WebLinkAbout0151 0. lo p~rfwm, cwrw~Y w;th u~d ~d~ br ~ad+ Md ~vaY ~~~pu4~wro. ~MmMh. condmon~ ~nA ~o,r~.wnh in ~~:d poa~:uay ~ a~d dMd sN faM.
• 7. I! ~ny of N» ~w~r of ma»y hp~in ~~lNr~d b M ne1 ptonipNll ~nd fu~ly Mid wiM:n th.ny (~Ol d~y~ n~a~ ~hK rM a~vrr~lly buaw~ d.,. ~w~d wr.bt•.
a i! NcA a~d ~wry ~Iw ~tipul~t:ony prwMnb. cond~iom. and cov~nn ot ~~id pani~~ory ~oN M+d Nu~ mwtq~p~. o~ e~+AM. ar~ nW duly pKfa~d coTpL~
w~tA and ~bid~d by. ~M ~pqrp~a ~ww m~ne~oMd in uid pani~wrv eah ~MII Mcony dw ~nd wr~h /wMwi~A a Mx~~l~w N ~M uW~on of tM Mon~pw.
~s fullp ~nd carol~Nh M tf uid pqrp~N ?ww of mon~y w~~ aip~n~lly ~Iip~IN~ tp }E~ p~iA o~ ~uc~ daY. ~nYthinq ~n ~~id pawiµory na~ a M~N~ b ~M
conh~ry nOlwiNyt~ndinp. ~
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0. ie d~livM M uid Ma~q~p». on a Mfon IWrcA ISM ol Nch Y~. qa ~~cviot? wid~ndn0 M» wY~m of ~11 lawf~lly in~po~d baw Iw N» w~c~dnv
c~~+da yNr. b d~livr? b uid Matq~qN. ~~cupts ~v~da~cinq tM p~yn~ent of ~H ii~ns la public iinprwaMnM w~Min ninNy (VO) d~y~ ~IN? Nr t~nN ~lyll EKan~
dw ~nd WY~AN. w~d b p~y er dacM~y~ within ni~wAr (90) d~» ~fNr dw d~q. ~nY and s11 povNnm~nql Iev~M N+~t euy ~ nwd~ on NN mor~9~9~d w~?Y.
on IAb nartpp~ a ~oN. or in w~y odwr w~y ~~suleinp iraw tM Ma~p~p~ indepNdn~fs ~~cwtd AY das ~nw~9+p~: ~nd il Mis conditiaw b~ nM ca~plied with M+d per.
fwn»d, uid nar~p~qN nyY WY sucA ~wn a aw~u wA:cA ~Aall E~conr p~rt of M~ d~bt ~~cw~d bp *is ~wrtp~p~. and sMll beM intMwt ~t tM r~N oi ~ia qr c~nt.
~eX) o« ar•bM ~•~~Ily unlil pNd a aaid Morlq~p» ~Y ~Nt1 d+N u:d rnorp~y~ dt01 tMnupon b~co~ dw ~nd paY~bN /aMwiM.
9. It ia fwtMr co+~n•~d w~d yr~ed by uid wr~i~s ~M1 in ~h~ ~wnt of a•ui~ b~inq insG~uNd ro faalw~ Nu~ n~o.~paq~. ~M Monp~q~ ~hatl b~ ~ntirbd a
~ooly at any t~~r p~ndin0 tvcA Ionclosw~ wit a 1M caKf Mv~q iwi~dut~on M~.eof (a iM ~ppoin~inen~ oI • r~iwr of ~11 u,d si~pulM N» mo.fp~p~d properry.
and o1 ~tl tly r~nb, i~coen~~. polif~, i~sws ~nd r~v~+~s Nw~w~. fran wlyewwu sowc~ dwiwd: ~nd ~~upon it is M~~Ey ~~pK~lp covenamed and p~Md
rM? ~M courf ah~ll fonAwid? ~ppoiM • r~ivM of s~id nwrtp~q~d poperly, ~It ~nd ~inyulN. ~nd of avd+ IMb. incon~, pofi», i~wp end r~venw Mw~of. haw
wMese~vM w~rn d~riv~d, wi~h fM wwl Oow~rs ~nd duti~s of ncwwn in lib c~a~s: ~nd sucA +oPO~o~wrn~ ~MII M inad~ pY sucA cowt ~s ~~nana d ~t~ict ri9M
ro N» Mat~pN, ifs ~uu~swn. Ip~l npra~nutiv« w naiqm. and witharl nf«~nct ro fM ~dpuactr a in~d~-vx~r d tM vdw o1 ~M prop~rry Mr~by mwtq~y~d,
a b ~Iw wlw+Ky or Madv~ncY of Nr Mor~p~por. ~nd tM~ sucA fMl. Pwifb. inco~. is~ws ~nA ~~wnws aMll A~ pplied M sueA r~ivK to Me wY~ni of N»
~n«q~9~ ind~Ndn~s~, cab and dwqM. ~ccwd~eq a Nr adw of wd? caat.
10. If a conwp~ ~Aa~W E~ nyd~ bp tM Mwtp~pw o1 N+~ pernisM Mr~in dna~bd. er rw o+ti Mww~. wtdwu~ ~M wrin~n conwnt of Nw Mw~p~qN. ~nd
wi~houl ~uunp„on in rpu1M forn~ d bw by tM p~n~ of tM oblip~tion ~o M• Morp~yN crt~t~d by uid pomiuory noh ~nd M~is war?9+y~. ~h~n. ~nd in that
ev~nt, wd ~t N» aptian d ~M Nbrt9~p». and wiMpA nWic~. ~II ~wna of mo~wr ~~cwed Aerebp sMll in~diatdy w~d concwnntly wiM sucA conwyanc~ E~cane
dw and p~y~bN and in d~twh. •
11. TAat in ~M went ~M p«nisn MrebY ~W+9~, w~++Y P~ Nwwl. aA~ll M conder~d ~nd t~k~n Iw public uw undn M» oowM oI «wimn~ dandn,
c!r Morty~q» ~MII Mw Nr riqM a d«n~nd fh~t ~II dwn~q~s awardtd ip M» t~kinp o( « da~s ro uid prwn~sa ~MII b~ wid b ~M Mwtp~pw up a ~M «na~nt
fMe unp~id on N+i~ n~wq~p~ ~nd ~t dw aO+ion oF Me Mor~9~9» ~Y b~ ppli~d uoa+ tlw WY~~ (n~ P+Y~bM tM•~on. '
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~2. nM rlWf1q~90f bil~ tiiMMtlf IfOf 10 NKt p PM/nif t0 ~ MKf~ Mfy MW bYildiflq! 011 tlff WNti1M ~M/H!1 O10ftwq~ p M b 01 DM/nif b~~ddfd
~o ~ny ef IM •aia~ieq fenprov~nw+b dwr~on a mak~ any cMnQe or al~~t:ons in aaid i~nprovamnh w1ud~ nr~ai~ly ch~np~ N» sa~ a~M vs~ Nww(, w~MaN
rM writNn eoeu~n~ of tlr MonpaqN. ~nd ie tM ~v~nt of any violatton a~ttanpt ro vco1~N ~his ~r~p~btion tAi~ nw~q~q~ u~d dl swm secur~d Mr~Ey sMll 7m-
nr~Ney buon» dw w+d colbc~~bN q N» eWion ol U+~ Mortp~pM.
13. lt is ap~cifwlly iprMd tMt tun~ is oi tM ess~nc~ of Mis conh~ct ~nd tAN no w~irer of ~ny os!iq~~an Mr~w~der w of Nr obliqu~on s~cwcd her~by shall at ~ny
iirn~ b~ held w b~ • w~ire~ ot tM Nrnu l~wf w of tM inshu~~t s~cw~d her~by.
11. I/ iw~ebaw~ woewdnys of ~ny s~eand ~nwtq~y~ a ucond tr~at dNd or ~nY i„n~or G~n of any ki~+d sAOUId A~ in~~iw»d. tM MaeWSe~ m+r. n in eW~a+.
imeMdiat~ly a NMruhe+ d~clar~ Mis mpfy~p~ ~nd th~ ind~Wednhs a~cwed l~~by dw and pay~Eb tor~hwiM, ~nd mar ~t i» oWion proce~d ro/weclos~ tAi~
mwtq~p~. . ~
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13. To ~M ~at~eu o1 ~I» ind~b~~dn~ss oi t!w JNortq~por to th~ Mutq~pe~ desu~b~d her~in a secw~d her~by ~M AAortp~qe~ is hen~y s~bro9ated ~o tM litn w F
I~ens and fo 1!» ripAq of M» owewn and Aolden the?eol 01 ~xh snd w~ry moreqape lien a od+M innrm6r~nc~ on fM Irsd dpc?ib~d Mr~in whicA is p~id snd/or
uti~fi~d in wAob w in ppf qA of Mw qoceeda o1 tM loan deur~bed her~in w s~cwed hereby, and tM respectiv~ liens of uid inwty~yes, IKns a othx ~ncwnburces
stwll b~ ~nd th~. snr,~ and wch a( ttrr~ 1~eby ii p~served ~nd slwll paa a ~nd M Mld by :M Mwt~qe~ her~in a a~cwity fw Nr ind~bNdneu ro Ny Monp~qM
l,sr~Fn deurib~d a herebp s~cwed. ro Me um~ eaten~ tAst ~t wadd Aav~ been pr~ierv~d and ww,ld haw been pass~d a~+d ba~n Mld by tM Morrg~yM lud ~t been
duly ~nd rpul~rly ~s~i9rwd. barqiwr~d. sN ova and dtliver~d un~o tM Matyag~e ~y separ~t~ d~ed of ~uiqn~n~nt notw~thstand~np tM fact th~t rM san~ m~~ be
u~~si;~d ~nd cu~c~ll~d of r~cwd, it beinq tM inteo~~on o( tM pw~;~s hereto eha~ ~h~ ssm~ wll E~ au~~fid ~nd c~nc~ll~d of r~cad by N» 1ald~rs Mereol a a~ba,r
ih~ tien~ o~ -th~ r~eordinq •of Mis ma~9ay~.
16. To pay ali ~nd s~ny~.1~. rAe cmn. cha~qes and e.penses. ~ncl~d~ng lawyer's fees, reason+bly .nco~rrd w pa~d a~ any nme b~ rhe Mwrqaqee. becavse of ~he
'v~e of ~he Mw~q~go. ro perform. canpt~ w~rA and ab.de by exA anC every ~he sup~.la~~ons. ~yeer~~ts. cond~uons. and covenaon ol sa~d aom~asory no~e and ~h~s
aeeo o. e~~he~. and eve~y s„c~ paymenis shall bear lmerar lrom d~re a~ N+e ra~e wov~d~d m ss.d D•o.msso~Y ~~e.
17. VVlNn ~ny d mon~y b b~ Wid by th~ Mortp~qor b t!w 1NortyapN wder tM terms Mr~o1 sAall b~ in d~iwlt. a shouW ~M Mwtp~po~ def~uh in
any of tM otMr terms, provii:au w ew~ditioro of Mis Mwtype, tMn and in _fh~e c~s~ fl+e Mwfp~ye~ sh~ll Mw ~M riqAt, wfthoW na~c~ a eM Abrrqpor, to
coliect and reniw fran ~ny Mn~ne a bssM of s~id mw~p~qed pemis~s Nw renb, iuues ~nd pofits o~ tM r~al e~t~~~ her mwf
~by yaqed ~nd tM i~~provema~n
~ thereon. ~nd b yiw prop~r r~c~ipy aAd acqirinw~c~s tAaefw. ~nd afta p~Yinq •11 convnis~iona of ~ny rent~l penf colMctinq Nr saen~, and any reuon~bl~ ~f~qnty'a
ieea +nd oNwr neceas~ry ~:p~nsp incwr~d :n colNetinq sam~. ro ~pplp tM qoceeds of such colkctip~a ~pon any indeW~dnes~, obliya~:on a li~bility, of th~
Morty~yor hHwnd~r. TM riyht qr~nted the Mortp~q~t u~dp this p~ray~ph sha~l b~ :n add~t~on to. ~nd sAatl not lunit w r~strict, ~ny other ripAr a riqhts qranted
rh• Mortp~yN in ~his lAprty~y~•
1Q. If tM Malp~qort at the ~inr o1 mekinp tl~is Mortyp~ a subs~q~~+t tAtrNO t~k~ aA 1~(~ inswsnc~ dqiqnatiny dw Mwfp~qe~ Aerein ~s beneficisry w~th a
companY +aW~d bY th~ M~or1WyN a ~ssiqro poticia ~o t1r Morf~qN fw tM pwpoa~ of secw:~q fM mwep~q~ laan hereby secvr~d, fMn fA~ Mwtqaqe• sM11 _
~ h~ve tM riyA1 b paY any pr«niwn aa~uinp u~dw said policies. ~nd ~It w~ns so eapee~d~d slull be add~d to ~nd b~toin~ ~ put o} ~M pincipal indebtcdness secvr~d
~ by rhis Mo~ty~q~ ~nd fMll b~ paid bp tM Mor~q~yw ~o tM Mwfpaqe~ in twelv~ pwl consecu~ive monrhly insullmenb, th~ iint ~nonehly inst~llm~nt to b~ p~~d ss •
i part o} tnd in additian M ~M monrhly paynrnt dw ~ndN tAis Matqaq~ in th~ fint c~lendsr monrh /oliow~nq tM •:pend~irq of said 1VT. StKI1 svms so eapended
~ ~o besr inmesf H tl~ raM ~t which interest is WY~bI~ ~pw~ s~id pinc:psl ind~bt~dnesa and tM lie~ of Mis Mortpap~ ~hall ei~end b and stcw~ tM sums w eapended
~ roqcrMr wiN~ int«~st ~Mr~on n heranbefw~ Prrrid~d.
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' 19. Trd foyetber witb wd iw oddifion to th~ wouthlr poywent of p~iscipol owd interest popoWe ~nder 1he teros of tlk wo~e sec~red her~bp. Nbrtqoyor
~ ~
~ sholl pop fp Mprlpope~ ~oc~ wonf6 wt~ soid neN is Fullp poid, owe-trrelltl~ (1/12) of o sw~ p~wl to fAe onn~al pre~i~w dw fw (ire, eat~wded coreroye.
ond oM~sr fw:ord i~surana cowriwp .tIM ~ortyoped p~opertp, plus baes wd os~wnls nest dve ow tlK ~t9oped propatp (dl m sstiwwed bp Mortpoyeel
g less aq au~s dnodr poid Ni~r~(or, and b b~ dirided bp tM aveb~r o( wonths b~lopN prior ro tlw dete vrAea socl~ t~es and oasesssenH shdl becw~e
~ deliaqwnt. Soid srws sAoM b~ I~Id by Mprf9op~e q trost or uedifed b Ib~ principol of the bow, b pop soid iwwrowc~, eo:es, owd osae+sw~enb ond sAoll
~ be opplied o~ tbe pop~nt fMr~of v~Mn dw. Mr ~nc~ss A~Id in hrsl bp MorlyoyM MUen soid baw is paid iw ivq sbll 6~ poid b Mortpopor, or his
~ ossiyns, u pe~sowd npres~wlotnres. In 11» went of o defa~h or (or~dosort, wid w~s held 'en tnrst iwp be oppli~d ow wp cos~s of do~oyes wstaised in
~ connection wifh ttK colf~tliow ui 1bt uuN s~c~r~d ~ereby vrbether bp svM, fortdosur~, w olbenrise. Morqopee wor From ti~ to tiw~ ot ib opYan wra~vt.
~ ond ofhr oar sud wo'w~r..r~instoM ow7r a all pro~isiows Aereof requi~iny wch deposib. br notic~ ro Mort9opw i~ ~rifiwp. W6ile owr sucA vroiver is in
~ e(fcct, Mortpoypr slwll poy I~~s, ossest~enls ond issuronce pre~iu~n as herein dsewrhere provided_
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~ IN WIiNESS W~/ECEOf. 1M sa3d AAotly~por Mr~unb sNS Ns hsnd ~nd sNl this tM d~y and yw fint ~bov~ w?itt~n.
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