HomeMy WebLinkAbout0170 p. 10 PMip~R COI~Qry MI~IA ~Iq ~01q VI ~iP~ ~nY ~7 s~~yM~~an~, ~~1ny~1~i. cVnw..Vns ~nv avn*rnn .n • w p.v~~liw7 nw~ ~nY VNV M rafw~.
7. If ~ny ol Nr ~vnw o/ mary Iw~~in rd«~.d a b~ na wow~Wb ~nd hdN wte w;rlwn M:Mr 1~01 d~tn n~,t d~ Nw iaww ~~vaNly b~co~ d,~ ~nd wr~N.
a i/ NcA ~nd w~ry ~M ~lipubtipy. pr~w~nb. cond~t:ar. ~nd cownw~h of uid pomissory noN ~nd Mb mony~p~. a~iM~r. ~n nw duly p~?fw~d tompli~d
wi~A w~d ~sid~d Sy. tM ~yqrpaa ~um nNw~~a»d in N~d pon~iuorY noN sM11 Mcaw~ dw w~d wv+bb fuMw~~A o~ tMr~~ir~r ~t ~M oW+on ol ~M Mpn9~9«.
q IV11y Md COw~OI~NH M 1~ Nld ~~IpiN ~wn O~ AWMY WM pi'iM~ ~I~CY1it~ 10 ~ Wid OII NK1~ ~Y. MWlhiny in t13d P~Oi111~fOry ~W1~ O~ ~Nff~11 b 1~N
COI11~My IqIw~1~41M1d1r10.
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t. To d~tiwr te uid Mortp~pM. on a E~for~ M~rcA ISd~ of ~ad~ Wa, ua ~~csiP1~ wid~ncinp IM payw»n~ of ~11 bwf~lly inipowd baw la Nw p~c~diny
c~Mndw Y~. M d~li~wr b Nid Mw~9+9». r~c~~vts widw~cieq ~M wYnwn~ ol •11 li~m fa public inprov«nw~h wiMin nin~~Y f90) d~ri ~INr ~M a~nw ~Iwll b~can~
dw ~nd M1NDM. w~d ro WY a d'ncMrp~ wiMin niewh (90) d~th dNr du~ d~q. +Mr ~nd ~11 pownn~mal levi~s fMl m~y b~ nyd~ on N» wwn9~9~ p~M.
on Mh wiwtpp~ a roN. a in ~ny oMw ww nwUinp (~om eM lNonyp~ Ind~badn~u s~cv?~d bp tAi~ ~waW+9~s ~nd i/ Mi~ ca+di~ion b~ not co~npli~d w~~A ~nd pN• i
fornNd, Hid wwr~p~pM n~r p~y ~utA ~wn er twm whitA ~Aall b~tonr p~n ol M~ d~b1 Ntund Ap ~hit rwwly~q~. ~nd.sA~ll b~sr in4rM1 N 1M r~h o1 d~ p~r t~nl. ~
(6%) wr www~, av.b4 awa•.~u.ib ~+~+1 p.td a uid Matp~p» waY ~bct M~a~ Nid morty~q~ d~W Ma~upa~ Mcon» dw ~nd Pw~bN forMwid?. '
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9. It is fu~M~r cown~m~d ~nd N~Nd SY sa+d pwti~t ~M~ in tM ~wnt e/ ~ swt b~ino inautu~~d ro(a~clw~ tAis rnxty~p~. tA~ Mw~y~p~e ~hall b~ «ctitbd ro ;
apply N Mw t3aM pa~0in0 sucA for~clowr~ w~t w ~M cowt Mvirp h+~~adiNan tAueof to~ tM ~ooantm~n~ 01 ~ r~ivw ot ~11 ~nd sinpu4r M~ nwrtq~y~d w~hl. ~
~nd ef dl N» nnb. incowr~. Wo~ib, is~ws ~nd nv«w~~ tMrw~. /raw wh~nowa ~ourc~ dNiwdi ~nd Nw~uaa~ it it Mr~by ~.w~uhl cov~nw~Nd ~nd prNd
tMt d» courf ~MII M.~I+with appo'wa •~~c~iv~. of a~'d nar~w9~d P~~~?. sll ~nd sinpul~r. and o/ ~uch nnp. inconwa. P~of~~s. iswN ~nd r~wnw N~wf. irom }
wMtfwvN wura d~riv~d, wt~h ~M uswl oowas ~nd dutia of e~iv+n in lib usa: a+d aucA appo~n?nwM aMll b~ nwd~ by aucA cowt a• inarn~ of ~tiid riphl ~
q ~M MlorrayM. iM N+uAwr~, bWl ~MwMM~u~ivM a~~iqru, ~nd withou~ n}N~na M ~Ir ~d~v~+ty w in~d~qu~qr e1 ~M vdw of M» w~~11 Mr~pY ~nor~qap~d, :
or te /M ~d~+ncY a Muo~w~cY ot M~ Mortp~pa. «+d Ma~ sucA ren~, potit~. inco~r. iuuN ~ed r~wrwM sMll b~ ppli~d bli such nc~ivrr ts tM WYTen~ ol Nw :
niorta+y~ Ind~bNdn~u. cwb ~nd cM~yu. aawdi~q w N» adv ol ~ueA eow~.
10. 1/ • conw~r~ aharW E~ wwd~ by N» Mafppor o! N» Pran:N~ Mr~in deacri0~d. w~nY W„ tMr~o/. wiNaul ~M wriN~w conwM ef M+~ Mor~p~pN. ~nd '
willwiA asweptan in rpu4r fonw d 4w by ~M pr~nh~ of M~ obltq~ion a M• MorpaqN crNhd bp s~id prawiawry not~ ~nd Mw~ nwrp~p~. Nw+, ~nd in Ma~ ~
w~nt. and N N» oWien oi NM Mwtp~qN. and withoul na~c~, dl ~w~r d mon~r s~cw~d Mnb1~ sMll iainrdi~hM ~d ca+cwr~ntly witA aucA conv~ywrc~ bco~w~ z
du~ and MY~bh ~nd in ddMrh. i
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11. iMt in ~M ~va~f ~M pMni~~s hw~by mwtp~p~d, p MY PM~ MMM~. aMll b~ conde~d w~d ak~n fw puWie uM uod~r N» po~r~r of «ninMU donwiey
tM Mor?y~yN ahall Mw M» rqM w d~nw~d Ma/ ~11 dMn~p~s vw~rd~d fa Nr utieq d w d~.~pN w u~d p«n:sM aMll b~ paid a N» Mo.+p~yN up ro tM anam~ 2
Mnn wp~id w+ Ma. w~a+y.p. and ar N~. opan of ~h. Mo.p.y» nry b. ppl:~d uaon M. wrT•na ~.s~ pay.sl~ M.non. '
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12. iM narfq~qw binb hiwad/ not to ~r~ct w p~rmit ro M Nat~d aqr mw buildie~p~ on tM p«nisw Mnin nartp~pd or b add a a pe~mit fo b~ ~dded ~
M~r ef Nw ~aiuieq inprow.n«+h dw~a+ a m~b w~y elw~p~t or ~It~rNions in wid irnpownwnb whiel~ ew~axi~llp eMnp~ ~M ~am~ w N.~ us~ tAwwf. w~Mout
~M w?itNw eoen~ ot tM MortqapN. ~nd In tlw ~v~eu pf ~nY vio4tan a~neinW a violaM this uipvlation Mis ~nortp~q~ w~d all sunu s~e.wed hK~bp ~MII in+~
n~dwhtp b~conw dw ~nd colbcnbl~ ~t ~M option d tM Mwry~y».
1~. It it ~p~ci(~Ilp ~pr«d tha~ tiw~ is o/ tM ~ss~nc~ of dws comwct and tMt no w~iver of ~ny ob:iqHion hMwndK p of Nr obliqNion saur~d lw~~r s1,a11 ~ny
tinr b~ Mld to b~ s waiv~r of th~ Nrnn Mnof or of dw imtrumMt s~cw~d M?~by. '
11. 1~ tw~clesun pocNdinps of anY s~cond ~ortp~q~ a s~cond tnnt d~~d o? ~nY ivnior IiM oi ~ny kI 1
M b~ im?it~t~d. fM Mor~q~e~ may. a~ ib op~ion, {
im~rdi~~~ly or tA~rNffN declar~ this matp~p~ and tM ind~bNAn~u s~cw~d h~r~py dw ~nd v+Y~OI~ forN~wiM, w~d wiar N iM evna+ aoceed to iaaclos~ ~1~~f i
nwr~9~9~• ~ _
1S. To tM ~ihn~ of th~ ind~bt~dwa~ of tM Mortp~yor ro tM Mwty~yN d~to~bed Aere~n or ucw~d hM~by M~ Mortp~p~a is htr~Dy svbroq~tM ~o rhe I~en o~
li~ns ~nd to N» riyAh of Nw owmrs ~nd holdMS Mereof oI ~~cA ~nd ~wrY rnw~q+ye li~n or aM~ incumbrar~ en th~ I~nd dNCrib~d AK~ wAid, ts w~d and/o.
ufia(i~d in wfaM or in p~rf ou1 of M~ proceed~ o/ tA~ Iwn describ~d Mr~in a s~c~red Mreby. ~nd ~M re?p~ctiv~ lian o/ said w+w~p~qes. liens or wMr :ncwnburces ~
shdl b~ and fM.wr.~ ~nd wcA of dr~n Ae.eby is a~s~rv~d «+d d+a0 pus a~nd E~ MW by N+e Mor?9aq.. Mr«n ss wcur~~y fw Mr ~nd~M~dms~ ro ~M AAw~~ ~
Mr~in dacrib~d w Aenbp s~cw~d. ro tht s~.n~ eatent Ma~ it wwld Mw been pr~serwd and would haw 6.en Pass.i ~o .nd b..n Mid by tM Mortp~y» h~d it been ;
duly and rpulry u~iqn~q, naruferr~d. s~~ ovM and delivN~d u~ro ~h~ Morrqag~ bY seo+~~N d~~d ol assiynnNnt noew~Hut~ndinq tIN f~ct th~t tM s~ ~Y be ~
utisfud ~nd curcdl~d of r~cwd, i~ b~inp tAt int~ntion of dr parties MrNO tha~ Me aam~ w~lt E~ satiaf:ed ~nd uncelld of ncad by tM Aolden tMreo( ~t u abo~t
th~ tiee~ oi tM neadeg oF thia nw~~p~y~.
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16. To p~y a~l and smgul~. ~he cw+s. charqes and e.penies. ~.x~ud~nq ~~w~er'a I~es, reaso~ably .ncwred a w~d a~ any r~me br elK Mw~qaqea becaoae of ~h~
+a,lurc of Me Ma~qagor ~o pe.fw~n, comptr w~th and sb~d~ by exA and every ~he ~npubuons. ~q~eemenes. cond~~~un. ~nd cov~nants of ya~d pom.lsaY ~ote and ih~s
deed. o. nrhes. and e~Y suc~ p~Y.nen~s sha~l Ee~r :n~er~sr from d~te at ehe ra~e w~~d~d .n i~~d qan~ssaY ~~e. -
17. Wh~n ~ny MnowM oF n~orry M b~ p~id Ey tM ~Aortp~qor b th~ Mortp~qN wid~~ tM fenni Mrwf shdl b~ i~ d~(wM, or ahovld tM Alafp~pw de/~vlt in
any of the otMr Nm~s, poviaiau a cw~diriwq o1 Mis Matqpe, tMn and in th~r ut~ t!ro Mwtyaye~ shall Mv~ tM ripM, wiN~wr not~c~ Io tM Morfp~por, fo ~
colkd ~nd ~~eeiw fron~ ~eqr Nn~nt a I~ssN of aid mortp~q~d p~ani~N Nr r~nb. iuws snd p.oi~» of ~M rNl ht~h her~by n~a~y~y~d and ~M :enprovenrnts
tMreon. ind ro piv~ poper r~c~iph ~nd xarinanas fhK~fw, w+d ahN paY~~9 all can~nissiwn of aenr rMUI ~pen~ colkcriny Nr sa~ne, u,d anY reasonab:s ~nwe~ey i
fNa and othw ~eceu~rp ~¦p~ra~s inc~rred in colbctirq urn~. eo ~pply ~M poceeds of ~vch colkctions upon ~nY indeM~dness, obl~q~tion a Ii~biMy. of tM
Mortp~qor Ae~eund~r. TM ripAt q~~nted tAe Matq~pN und~r this qrprsph sMll M in addi~bn fo. ~nd sh~ll no1 limit a r~atrict. ~ny plw ?:yht or ripAp qran~td
?M Mw1pa~ iw this Mony~p~.
~ le. If ~M 1Nort .
p~gws at ~he ~iem of reK?:r~y this AAonyp~ w s~bspu~nt thsr~ro uk~ w,f I~i~ insurua~ daaiyn~tinp tFw Mor~q~pe~ here;n n benefiNary wirA •
j ~~w+~Y wwoved by ~M ,Mony~qa~ a~ss~v~ vdicia to Nr Mortq~qw ia tM pwpoa~ of senxinq t!w ~nor~ype Iwn Mr~by sscur~d, tMn tM Mortq~p~~ shall
' Mve ~M ripAt eo pay aeqr peini~ww aeuvinq undM sa;d polici~s. ~nd ~II sum~ sa ~,pend~d shdl b~ add~d a r+d b~can~ • p~rt oi tM pincip~l indebudnew s~cwed
~ by Mn M«p~q~ and aha11 be wid bp Mw Mor~y.y« ro rM Mwrpa9e. in twelw ~pwl co~sscwive monM~ty insullnrn». th~ tinl inond~F~r ins4l~~t fo M p+id ~s ~
p~rt o( end in ~ddition q~~no~thly p~ynye~ diw ~nder ~his Ma~9aye in 1M f:rst nl~ndar Tonth (ollowinp tM ~:pend'inp of taid swn. Such swwa w~:pended
; +o bear im~reat N tM raN at whicA inte~est is p~Y~bb ~pon uid pincipal indeWedn~ai a~,d tM lien of ~his Mortp~q~ ~11 ~atend a and s~cw~ th~ s~wnr to espended
! +oy~~her wi~h vwraf ~Mreon u hereu~b~fa~ povid~d. x
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~ 19. iAot lop~fl~ ~ri1b aed iw additiow b tlw ~owNdr P~r~nf oi priacipol ond inMrest payoble vsder IIK Mr~ d f1M noN setwed I~er~bp. Abrtyuyw .
~ shall pop b Mw~yo~M ~ocL ~tl~ o~A1 aoid ~wt~ is fYUp poid, on~-~.eNtb (1 /14) of o w. pool a el» annual p.~wi~~ dw /w 1~n. ~~hnded cove.oye,
~ ond WAer Iw:ord iswrowc~ aowruq. fw ~oAD~Y~ P~~~1!.. P~~n 1o:es ond oswswnb ~e:t dw ow 1M .swlpo~~d Pro~rh (dl m esti~oted bp Mort9oye~)
oy
less aN wws drwdr'poid tlwr~lw, owd b b~ ditid~d bp fl» nrinber of ~wnt6s b daps~ ~ior b tM duw wA~w wd ~es owd outs~eeb sAdl becowe
~ ddi~qwnt. Soid w~a sAaN b~ IwW br MortpaOM in tnrst or a~dited b tM pr6~cipd oi tw bw. ~o pop said iwwroaoe. wus, ond uwss~ewh oed alwll
r b~ opplied o~ 11w po~r~wt t~~of wbew du`, _ Mp ~ces I~Id iw hust b~r MorqoOK wMw said baw i~ paid iw irN si~aY b~ ooid b M«tpopw, or 6is
~ osaipn, w per~d r~~nlofioe~. Is tA~ ~nt ol o d~laYlt w fwadoswe, wid sw~s IwM in trrst be •
w~oy oppli~d ow awy cods d do~wpes wsbined in f
connMion will~ fM coM~tliow o( tht wob wc~r~d 1~erebp w6etA~r bp svit, fwedow~~, w ot4rwise. MutpopK ~or kow ti~e to tiwe ot ih option ~raive.
~ and oFNr anr srd~ i~roiwr..r~iwslWi owp w aM pro~isiows Aereo~ requiriep wcA d~posils, b~ aotic~ b A~brtyapw i~ ~rrifi~q_ WLilt aer sucl~ waioe? is in
•ffM. Mortpopor sholl poy ta:tt, oss~swwh and iaw~anu pre~irws os hereiw dsewMre prorided.
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IN WITNESS WHEtEOF. Nw s~ld Abrtp~9w h~rwnw wb Ah Mrd ~nd sNl Miw tM dqr ~nd yw? fiM ~lwN wri»M. _
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; S~O~d, teaMd ~nd d~livwtd _ ` `~tSEAI) ~
< a„.~. Nicholas A. Mottola ~ ~ ~
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Mary A Mottola ~ ~
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