HomeMy WebLinkAbout0164 v. ~v pwrw~R cvn97 wnw~ ~na ~ww Vf NV~ Mw nw7 ~nyv.~no.n, ~.wmw~n. c~u~r~vns ~..v cv~n~w.n .n ?~~a WaMNWY now Nq aMO N~ ~or11~.
7. 1/ ~ny of ~M ~w~ of ~won~y Mnin ~dwnd ~o b~ nN pa~0~hr .~nd fullp wid w~tlun Nwh~ 1~01 d~t/~ n~at ~IrK N» s~ a~wr~ll~r aco~ d:~ ~nd wvabl~. !
w H wsh a~d ~wry ~M ~tipu4lioiw aY~~w~nh.~ conditioti„ ~nd cotisMnb el ~~id prorn~swhr noN ~nd thi~ mony~p~. a ~i~Mr. ~r~ na du~Y w~iaw~d. cwrol~~d
wid~ ~nd ~pid~d dY. tM ~99~~WN f~~n n»Nia»d in iaid ponw++ory noN ~MII Euo~ dw ~nd wr~ /arhwid~ a M~rNf~w N tty op~ian o1 tM N1a~y~q~,
~ a fv11y ~nd cowwNNM M if Nid ~qqrp~N ~ww of nqMY v+u aiyirylly ~~ipubt~d q b~ wid ow svch d+Y. ~nYtAinp iw ~~id paniswry noN a M~tin Io tM !
conh~ry netwilMlM~dinO. `
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To d~l:v~r le wid A~o~fy~pw, on w b~/or~ M~rcA 1SM el wcA Y+~r. qa r~c~ioh ~,ridMCieq M» Wrn»n~ 01 dl I~wlvlly in~pos~d f~s« }a tM p~c~di~y t
uhndw w+~. a d~liw q uid Ma~q~yN, r~c~ivM widwrctnp ~M wr NI li~ foe p~blk ~~v~Mrnh wiMin roeNM (90) d~Y~ dNr M~ ~an~ ~MII baow~ ~
M
dw ~nd M1~~M. and b WY a di~cMry~ wiMin ~inNY d~ln ~INr''~j N: rMl w+d ~4 p~v~unp~ul Nvi~s ?AH may b~ nwd~ on N» inor~W9~d vr~b. '
on N+N narp~p~ a noN, a? in anp oM~ whr rwuhi~q haw Nw Mort~M M~d~Mi~u s~cu.~d bp diis mor~ypy ~nd if thb ca+Q'itiow b na cen~oli~d w~~A ~nd pM- ~
fa~d. said ~worr9~~ MY o~Y sud~ suw a~w~a wlwcA d»II b~com~ va~ ol M~ d~W Ncw~d Ap ~ mortp~q~. ~nd sMll bea inbrNf ~t M~ ~~N o! ~ia p~e c~n1.
la%I vM .nM~w~, wraA?~ ~.mi•ww.11y wuil p~id o. u~e Ab.q.q.. nay aNc~ tA•~ s«d mo.p.y. aW Nia•~vw~ e.con» dw .nd ar.W~ iaMwUA. {
' 9. It h iwMw cowMnt~d and prNd by »id pwtia rMt in ~M ~wn~ e( •~uif b~:rq inu~wt~d ~e tw~cbw d?i~ nwrty~q~. tM Allortp~p» ~lyll E~ ~mNNd b ~
~iON N~nY tiM p~n6eq sueA hncban~ wir M tM carrl Mvi~q iwi~dction tAN~ol Iw tM +oPaM~~ 01 • nc~ivM of ~11 and sinpu4r Nr mortp+9~d v~opwM.
~nd ot dl 1M nnM Incow~, wolib, iuws and rw~+uw Mwwf. Iran wMuowM sowc~ dwiv~d: ~nd 1A~~uoon it is Mr~sy ~apN~hl covenam~d M+d prMd ~
tlW ti» caxf ~MII for~AvriM~ appoint ~ nc~ivM o1 wid nartpp~d pop~r~y. ~II ~nd ~i~qul~r. ~nd of such r~, iecon~s, wofiH, i~wN end ~tv~nu~ Y~w~of. /rpw ~
wMMwv~ wuc~ dniv~d, wi~h ~M wwl powvs ~nd du~ip al nc~iwn in lib us~s: aid sucA appo~ntnrnt ~MII E~ ~d~ b~r sucA cowt a•~tN~ ot ihict riyAt ~
10 ~M Maq~qw. t» wawsa~. Ip~l np~a~~iwa o~ wiom. ~nd wiMou~ n/a~nn b 1M +d~wacY «~Y of Nr vNw o1 Nr prop~r~r Mr~bv Twt9+9~d. t
a b M~ wlvw+cY a ieudv~nty et N» allortp~pa. ~nd MW s~,cA r~n/. Prdib. inco~. iuu„ ~nd r~wnw~ ~MH b~ ~ppli~d M weA nc~iw ~o Ny wYnNn~ ef ths ~
nw~qw~ ind~bNdnab co~b and cMry~s. +aord~nY a Nr ad~r of wd~ courf. ~
10. 1/ ~ tonv~yM~a ~Ao~?Id E~ iwd~ bp lir Maq~po~ of N» Wawi~ Mniw dewip~d. w~nY w~~ ~hN~e1. wi~ho~r/ tM writNn conwnl of ~M AbrtWYw. M+d ~
wi~heul aaw~wtia? in ~pulat lonw ai 4w by tM 9r~nt» oi ~M oWip~tion te th~ Mony~pN a~aNd by wid w~u«r eaN ~nd Ma nwr*9+9~. ~+~n. ~nd in ~M~
w~nf. and at /M oMiaw ot N» Matp~qN. ~nd witAaA ~otit~, all ~uwr oi nwiwr s~cw~d Mnby aM~l ia~di~NM ~nd cencwr~ntl~r wiM ~ucA conwy:eu Mcan~
du~ and ay~bN ~nd in d~iarh.
11. Thal In ~M ~vwN tM pr~ai~~s Mr~bY ~9+9~d. a~nY P~rt M~r~e1. tMlt conde~d ~nd tak~n for Puplie uw unda ~M powM of ~min~nf dan~iA.
~M Morty~y~~ sMll havr Nr riqM a d«w~nd Nut ~11 d~qM ~w~rd~d ior tM tskinp o1 w d~maq~s q wid p~misu ~Aall b~ p~id a Nw Mw~ '
MN? unp~id on ~hia rworey~p. and a~ ~M option of Nw Morro+w~ ~w b~ wa~»d uvow M~ wrnrna lu~ pay~eN N+«~on. a9» w a N» Mna,m :
12. iM wwrry.po. bind~ AiwntH na w«~c+ w oM~~ a b. ...cad «w n~w bu~ldirqa on rM w.nrsa Mnin w~e.~p.p~d o. w.dd w« v«inir ~o b. add.d
q~nY ef tM ~aistinp iaip?uwn~nb ~Mnon a m~k~ ~ny chr~p~a or alNratian in a~id impov~nh whicA nrN~ially eMnq~ t!w s~ w~Ae ua~ eMrwf, w~Mo~t
t!r wrrithn cam~nl of N» MorppN. ~nd in tlw ~n~nt of ~ny vio4tion or ~»~+aW W viol~h this a~ipulation Mis n~ortq~y~ and ~11 suwa i~cw~d M~~by shall i~
~dwfely beonr dw ~nd tollMibN ~I tty oWion o( IM Morty~pM.
1~. b it spuifiully pr»d Mw~ tiwr it of tl» ess~nt~ of ~Ais cmtract ~nd tMt no w~iver of ~ny oD:ip~tion hwwnd~r o~ of Me oAtip~tion s~cwed hatbr ~hall tl ~ny
tin» b~ Mld b E~ • w~iv~r ot tM wnu i~rw! a oI M» imhw~we~ secw~d Aer~by.
1!. If foncloaw~ proc~5npa of ~nr s~cond monp~y~ a s~cand hust dwd or any ivncor li~n oi anr k~nd ahould b~ iru~itu»d. tM ~AOtfplqN nur. ~t its opNon,
iniwrdiaaly x Nwwi?w d~c4r~ Mis mor~y~p~ wd N» i~ s~cwed hM~M~ du~ ~rd payaW~ iwehwi~h, and m~y a its oPtion Poc~ed ro foreclos~ thta
rno?~p~p~- ~
13. To 1M ~:Mm o1 ~M ind~bl~~as of tM Mw~q~yor b N» A6o?ty~pN dnu~bed her~in or secw~d h«eby Mw INor~p~pa~ is Aerebv svbop~~M ro.~M Ii~n a
li~ea and to /M ripRp of ~M owmn ~nd holdKS Mereo( o/ ~~cA aed ~.~ry mwtq~y~ lia~ w od~ incwnbrw~c~ on N» bnd d„a~b~d Mrein whicA h wid and/a
wtisfi~d in wlwl~ a in prf ou~ of tly proceeds of tFw lo~n daa~b~d I~ein a s~cvred Mreby. and N» resp~ctive l:~m oi Hid ~nw~y~qes. I~~ns w aMr .ncvmb~ncea
~Irll b~ and eM. wnr and wcA of ~Mm MreEp is vr~served ud sMll pau a~nd b~ Aeld b~r ~M Matp~q~~ Irr~in ~s s~cwity for eM ind~bNdr~u b tlw MwW+9+~
Mnin deuiib~d or henbp s~cw~d, w tM sanr tatem tly~ it wadd Mv~ been p~sHwd and woufd hsv~ been D+ss~~ b and b~en held M tM M1o~tp~q~e Md it been
d~rly ~nd r~yul~rly ~saiyn~dr a~ns/err~d. ut owr and d~livw~d ~nto tM Mortq~q» bY spxaa dMd of ~saipr~nt naw~~hsundinp tAe fact tMt tM um~ .my be
utisfi~d ~nd cancell~d of ncard. if beuy tM inNnt~on of dw prt~es h~reto ~hat th~ s~ will b~ sat~sfi~d and cancdNd of recad by :h~ Aolden therso( w abw~
tht tinr of fM ncwd'inq of ~hia ~nonqaqa
lb. io p~y all and s~nyular rhe cosrs. ciwyes and e,penses. ~nclud~nq lawyer'a (ees. reasonably .ncwred a p~~d iny ~~me br ~he Nb+egaqee. beca~se o( eAe
fa~lure ol r1,e Ma~9apor ~o perfa~n, cwnply with and ab~d~ by exA and everr ~Ae supvlaoons, aq.eemce~s. cu+d~uons. and covenan~s o( a~d pom.sswy note and ~h~a
deed. a~nher. and e.~err sucA p~ym~ny sAalt Et~r ie~er~sr han d~ro ar rM ~a~e w~~ded ~n sad prwnnsorr noM.
17. Wh~n any nnaM of ~oir~/ b b~ Wid EY tM Mortp~9w M 1M Malqa~ w+d~r tM Nrrm Mnoi ~MII b i~ ddwM. « sAo~ld the Mwt9~9a de/auh in
+~+r ~~M o~M~ Nnm. provisioro or carwliriom of Mis N1w~qp~. qrn and in d~~~ uH N+e 11Ao.rp~ye~ shall Mv~ MN riyhr, wiehout nonu to M,e Mw~y~qw, w
colkd ~nd r~e~iw irom ~ny qeynt or !~s?M of said nwrep~p~d premis~a tM raus, :uwa ind po6ts of rM rwl peN~ her~by monqaq~d a~d rM irnprov~m~nb
Nwea+. +nd ro piw popv nc~ipea ~nd ~cq~inM+ces th~nfor. ~nd ~h~r p~yirp all com.n~ss;oru of ~ny r~nW ap~nt coll~cting ~M sam~, and ~ny ruaa+~El~ anwney's
f~es ~nd oMrr n~ceuxy ~¦p~ns~s incurnd ia coll~ctirg aanr, a~pplp th~ poceeds of s~ch colkctian upon any indeW~dr~ess. opl:y~ian a li~bil:~y. of tM
Mwty~por hehunda. ilw ripht 9ranted tM Morp~pN u~d~r q~is pa~~ypA aAall b~ in addinon to. ~nd sMll not liinit a r~shict. ~ny oM~r ri9ht w riqhh qr~nted
e!» Monp~y» in this AAonp~y~.
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! 1!. If fM Morpaqon at tM tinw of makinp Mis Mo.~qp~ or subtp~wnt Mer~ro e~k~ out 1~/~ :nswanc~ dai
qn~t:ny 11w Mor~ya~ herein ~s beneficiary witl+ s
~u~o+~+Y +vwoved b~r Nw MortqpN a aaiyro policits to th~ AAatyaqw fw M~ pwpos~ of secwieq tM ~norip~qe lo~n herebY seawed, tM~ Mr Abrq~q~~ shall
; h~vr the rphf ro pnr ~ny prMni~wn ~twinp und~r MId pO1Kilf. and ~11 swna so ~xpended shall b~ add~d w~nd b~corn~ • part of tM pincip~l ind~btedness i~curtd
by ~hi~ Mortyp~ and sMll b~ p~id by tM Morty~9w to tM Mortqaqe~ in tw~M pwl consec~tive monMly iix411menn, tM fint inomhly i~nt~tlm~u to b~ paid p•
n
~ put o1 end in addition w t!w iwwNhly p~y~n~M dw ~nd~r thia Morty~y~ in tM fint ulend~r month fdbwinp t!w tapendinq of aaid awn. SucA s~ms w~apended
f to besr :ntHest ~t tM nM N whecA int~rest is Wy~bM upoe said pinc:psl indeb~edness u.d tM lien of Mis Mwtyap~ ~11 extend ro~nA secun the suma w e~pee~ded
i fog~ther witA u~teryt thM~On a hNtmbt(a~ provid~d. ' -
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~ 19. Thot to~~Nw~ nilh md i~ odditiow to fIN ~ondJp Perwent of priac:pal ond intereu poyob4 under NN 1K~s d N~e wot~ s.c~.ed he.ebr. Mwt9ogor
~ shall poy b Mwfqop~~ wcw wowlb ~~1i soid woN a f~rllp poid, owe•hreHt6 (1/14) d o sww pud to ~ht onmwl prNiv~ dw !or fi?~. e:huded cmrcrope.
and ofl~er Fo:md iawrowc~ omriq 1M ~wtpoped properlp, p~vs la,ees awd oss~sa~eab wsit dve os /M dl os es!i~oled
I~n oN w~s d id tlK~~fo~, o~d to b~ di~id~d °O~q°Y~d P~~Pt~h ( by Mu~yayee)
~~r V~ b1 tlw IIY~blf of wowths b dap~ p~ior-b tb~ doq ~Mw wd~ 1~es owd oueasweefs s4a11 becoe~e
~ d~li~qwnt. Soid ~r~s s4oM b~ I»Id bp Mortpa~et iw hust or a~di~lsd b tl~e pr:wdpd o( tb~ loo~, to pop soid iasrrawa, wa~s, ond ossess~enb oed sl+oll
b~ opplied w tIN pop~eet tlrnof wlww dw_ Awr eanu IwW in trust bp Mnrt9opN ~rhew soid loow is poid iw fd! J~oN b~ poid b lrlwtpopw. w his
~ ussipws. o~ p~rsond r~pres~wfotives. Iw tl» ewwt d o de(oYlt w fwedos~re, soid w~s Mld iw 1r~s1 ~op be oppli~d ow awr costs a{ dowoyts wstained :n
~ coewMion witli tlw totl~cfio~ of Me woN s~cvred 6er~bp ~16er bp suit, fo~edosars, w d4rwi~e. Morqopee wo~ fro~ tiw~ ro ti~t W ih option ~roir~,
ond ofter onr srcb woiw~. ?~stot~ awp w op p~wisio~s her~of rpuiriry suc6 d~posifs, bp ~otice b Mortyopw iw arifiw9_ Wl~ile owr such wai~er is ia
~ ~ff~ct. 1YbrRpopo~ sAol~ par toies, uwuwents ond inswance pre~iuwn os Aer~in elsewhert prnrided_
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~ tN WITNESS WNEREOf, tM wid AAortp~pot hwwnro sNi hM hw~d a+d sNl thu tM d~y ~nd Yw fint aEov~ writr~n.
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'ri
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S~paed, usled ~nd delivered _ (SEAI)
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~ a~^~~ Nicholas A. Mottola
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~ ~j ~o ,
~ :
t,L l:_.!/%~f!?
1~_•L tsenu ;
~ ~ Mary ~ Mottola
~ J~`~-`
L ( i.
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Y BOGft~~~7 PAGE ~64
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