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HomeMy WebLinkAbout0181 A. io p«farR canON w:~A ~nd ~bid~ ~r ~~cA ~nd ~Y ~~iou4t~aa, prMTa+~s. con6~~ons ~nd cown~n?~ in ~~id woww~wrp noN ~e~d ~d ~N faM 1! N~y of tM wwr ei wae»y hw~in r~l~rr~d M 4~ nW Oraw~hl Md h+IN Wjd wirhin M:?er (]O) ~~n e~,~ ~ftM eM s~ ~Mr~lly b~conr d.w ~nd WY~bI~. a if pcA ~wd ew~Y ~M qipul~tiaa. +9rNwNn». candtioM. w~d cwwrnn d~ad Prani~~ory noN ~nd Mi~ nanq~pf. a•iM~r. M~ na duM OKIwn»4 cueOG~d w~rA ~nd ~bid~d sY. NM wY~~WN ~ww nwnt~«wA iw ~aid aomiuwlr ~~1»M E~conw dw a+d wr~bN faMw~~A a MNNIiM N M» aW~on ol ~M ~Awty~qM. u fvlly ~nd cwwMNM M 11 uid pOr~WN ~ww o1 nwMY wu aiyin~lly Niprl~t~d q b~ Wid on ~ucA d~Y. ~enr~hinp in ~~id pawi~wry noM a Mr~in b fM tOnkYy fqfwillYt~ndin0. To ddivw M ~aid Ma~~pN. on w b~iw~ 1WnA IS~A of Nd Y~M. M; ~~IVb ~vi~nct^i /M Mv~m of ~!1 I~wf~lfy iw~poNd UaM la tM W~ud~ny c~Mndv ywr. 1o d~liwr b wfd N1o~~Wpw. nn~v~s ~~~dw+cc~o N~ wr+~ d~M li~m ta puNi~, i~rov~nw~h wiMin n:nny (90) d~tis atw 1M san» ~MII Mcaw~ dw a~d WY~N. ~nd b WY a Oi~cMrp~ witl+ln nin~M (901 d~ln dNe dw d~N. N?y w~d ~11 powrmn~nul levi~s ~MI nyy b~ nrd~ on ~M nanWp~ w~~Y. on N~i~ warly~a a woM. a M Mry o~Mr w~y rpul~iny frpw Nr Nbrty~q~ 4~d~M~d+wu s~cw~d dY Mif ~or~paqr, and if Mi~ ca~dition b~ no1 cowipli~d wiM ~nd pN- fww»d, Mid ~na~p~~ nrr pa~r sucl~ swa or ~uiwa whrcA shall baa~r o~ ol ~h~ d~M fKw~d bp ~Ais narfq~p~. ~nd sMll btir inNrwt N tM r~N el ~fa pN c~nt. (A%) vM a~wi+R MYSeM u~i-~w~lly untll p~W a a~iA Morp~p» nyY ~bct Mu aid ~natyp~ d~W ~Mrwv~ b+can~ dw ~nd WY~EN IorMwi~A. 9. It b iwtAu ce+w~~~d ~nd prNd Sy uid p~?ti~f dr~ in fM ~wn~ o( ~ svif E~:ny inNiwt~d ~o (w~clw~ Mi~ n~ty~q~. tM Mortpaq~t aMll b~ ~neitNd to woM N Mr ~~w wndeq ~ucA lwalowr~ wh a~M court MvIM iw~~dia:on M~.~ol fw ~M waan~nNm d• r~iwr e! all u+d unq„br M» narq+o~d o~~b. ~nd e1 ~tl tM nnb, tncarw~~, pofib, iuu~ ~nd rw~nu~s Nwr~. iraa wMao~ ~w.c• da7wd: «~d ~~uoon i~ i~ Mr~by •,p~~ab cownr~NA ~nd prMd ~t ~M eouef ~lull forN~wiN~ ~ppoin~ • r~c~ivM of a~id ma~ap~d w~~Y. all ~nd unQular. ~nd ol ~ucA ~~nn, incaw~~. pofib. iuue~ end r~v~w N»rw1. fraw whaqe~w wwp dMiv~d, wi1A d» ~wwt pow+n M+d duti~s e1 nc~iva~ in lik~ c~a~+: w+d sucA ~ppo~nrnrn~ ~Aall b~ mad~ by sud+ cow~ a• ina~N. of ~tri~ rpAf a tl» M«~y.o.~, in wa~s~o.a 4a~ ..a«~nuliv.s o. •s~ipa. «~d wid~ow nt««~c~ w ~M .d.w.cr w tn.epu.cr o1 ~A. v~lw e1 N~. aow~*r A«•Sr ~w.+wwd. w w Mr wlwncy or inwlvMCY o( Nr Mort~pa. M+d M~~ sud+ r~n~. wofiM, iem~, iuwi ~nd r~wrww aM11 b~ ~ppli~d ev such nc~iw ro M~ wrnw~~ of ~M ^~~WY~ Md~bMdrws~. ceab ~nd c1w9w. ~a«dino q tM ad~r o1 ~uch cowt. 10. 1/ ~ tonv~lNnc~ ~hovld b~ nrd~ by tA~ 1NorW~9a of /M O~~sM hK~iw dturib~d. w~nY wH tMnof. witlwN /M writM~ conwnl of 11w Mx?Y~qw. ~nd vri~haA ~uwnP~:on M nqular forw of law by tM pr~nt» 01 ~M oW7a~ion b M~ Ma~O+ON a~~Nd M s~id woa~i+~wY net~ ~wA this ~wor~y~q~. ~M~, and in MN w~nt. M+d ~t Mr opan ot M» Map~YN. ~nd wiM~ad ewtie~. dl ~una d nan~Y Neu.~d Mr~bY aAall iiwnwdi~NM wd eoneurrN+rlp w:M sueA eonrw~ne~ b~eon» dw ~nd phr~bb ~nd in delwh. 11. That in ~M event M~ prwnisy hw~by maip~q~d, a~ pw~ Nw~ol. ~Iull b~ condemwd ~nd uk~n for p~Wic w~ w~da tM powp of Mnwwm dan~in, H» Morfy~~ ~MII Aav~ Nr ~ioM a dww~nd H~u dl d~nyqN awad~d fa tlN ~~twq of a d~nyp~~ M s~id pr«wisM ~11 p~id b 1M Morlp~qM up f0 IM amaint eMn wp~id m Mw wwr*Y~q~ ~nd ~M option of t!r Monp~q~ nry b~ p~ti~d uvw~ f!r wlr~nb luf p~y~bN fM?~on. 12. lA~ wwr/ypW binds hiwn~N no1 b vK1 or pMiwil to b~ NM~d My Mw buildirq~ on tM pNnisM 1M/Nn wqrtq~yd or b ~dd b Ot pNnwt b b~ ~ddld ?o ~Mr of tM ~:istieq impror~nwnM d~a~en w~k~ ~r chanqw a a1N~~tion~ in said impov~nw~h wAich ~tui~lhr cAr~q~ tM saiwe or ~M uu N~sof. w~Mwu~ 6s eM wrin~n eom~nl oI Nv Mwtp~p~~. and in tM ~wnt of any violation w~n«np~ to violat~ Mi~ s~ipubtia? tAi~ mortqp~ and ~It s~rms s~ew~d M?~y sMU im- m~Nly btaw~ dw and colMthbh N 1M uWion o( tlr MatapM' 1~. 11 ii ~pKiP~cally prNd ~Mt tia» if of th~ ta«+c~ of 1hi~ cann~cl ~nd thN oo w~iwr of ~ny op~ip.ran Mrwnd.. « d+M obliy~~~a, s.arred he..br ~MU any r~ms b~ MtQ ro b~ • waiw o~ tM Nr~ Mrwf w oI N+~ imtrummt secw~d Aer~by 1!. I( iw~elosw~ proeN6np~ o~ ~ny s~eand monq~p~ or a~eoe~d tnxt dNd or ~ny ivMw IiM of ~ny kind sAou~d b~ imtifu»d, tA~ Mor~ppe~ rnay. ~es opiroe~. ~mm~di~f~ly w M~rNfter d~clr~ thia rnor~pp~ ~nd tM u+d~M~dnns suwM Mr~by dw Md Wy~Dt~ tonhwiMy snd en~y ~t ip op~ion p:oc~ed ro fueclos~ this ~riatq~p~. 1S. To th~ ~aMnt oI ~M ind~W~u oi tM AAatp~pa b Nw Nlortq~pN dnu~bed he~ein u s~cur~d Iweby N» Mor~p~qs~ ia Mr~br suMop~ud ro rhe lien or f~ns ~nd W N» riyhb of Ny owrws ~nd holdas tMreof of ~~ch a~d w~ry nwr~y~q~ lien a qMr incwnbr~ on tM brw! d„crib~d Mrti~ whicA is w~d and/w utiali~d in whoN w in p~n ou1 d dr poceeda of tM Iwn deacribed her~in o~ s~cured h~rebY. ~~d Mw rnp~ctiw li~na o( uid rnor~y~qes. IiMS o~ othe~ IMVmbfNlCtf aA~II b~ ~nd 1M. a~++~ ~nd wch o~ N+an Mreby ia pr~sawd u~d sMfl pas ~o ~nd M held py Nr Ma~yspN h~r~in ~s wcuri~y for Nr indebwdrNSa to tM Monp~pw Mrein dexriE~d a AereEy s~cw~d, ro t!r sarn~ e:tent tM~ it woutd hav~ Ee~n pr~serwd and wadd hsv~ b~en p~ue~ 1o snd been held by th~ Mwty~pN Md i~ Eeen ~+h Md ~~9ularlp ysipn~Q h~na(~rr~d, sN ovK s~+d d~l:vp~d unro tM Mwfp~q~e Ay s~par~te dnd oi ~ssiyrwrrnt notwifhstu~dinq eM fact tMt tM s~nw inay be saui~yd and c~~lbd of r~mrd. it b~ieq Nr inamfon of M+~ pnt~~s hNefo Myt M• aam~ w~ll b~ sausf:~d ~nd canc~INd of ncord py N~e hold~n tlwnof ~t o~ ~bour eM ~ien~ of tM ~~eord'inq of ~his mar~p~p~. 16. To paY ali ~..d s~nqul~r rhe cos~s. charQes ~nd e,peosts. .ndud.nq 4w~ery t~es. ~ea~on~bly ~nc~rred w p~~d N anr ~~me by +he Mo.eq~pee. be<avu of Ue ~a :~.e of ~M Morrpa9or ~o pe~fa/n. ca.~ply w~eA ~nd ab~de by ~xh ind evav ~he sr,p~,lat.ons. ay~cement~. cond~~rons, and covenanh ol u~d a~~~~aY ~ote ~nd rh~s aeed. a e~Mer. ~nd e~r such p~rmenrs sAall Ee~r ~mernr frpn daee ar N~e r~te po.~dtd ~n s~~d aom~sswv no~~ 17. Wh~n ~ny ~mwnt M morwy M b~ p~id !y th~ Matp~por b tA~ Ma/y~q~ und~r 1M terms Mr~of sMll E~ ie d~fwlt. a zhould ~M Mwrq~po~ d~f~vh in ,ny of ~he o~fwt ferma, povisiom or cend~e~ar of this Mor~qp~, rMn r?d in Msr uH the Mor~y+~ shall h~ Nw ripM, wi~t~ou~ noric~ ~o Nr Abr~p~9or. ~o collect and ~~ceiv~ iran ~nY hn~nt or Maw o( aaid nwrtq~q~d peww~ tM r~nn. iuue~ u+d profils oI tM ~wl ht~t~ her~by mwtp~ped ~nd tM irnprovernems rh~reon, and b qiv~ pop~r ~~ips ~nd acq~in~nc~s tAp~for, a~d ~ftM paYiny •II ca+vni~sioix ol ~ny r~ntd pent tollectinq tM aa~ne. and a~y ~e~sonsEb ~twrney'a 1NS and adwr nectsury ~ip~en~s incwr~d in colNdirg sanN. 1o pply tM poceads of s~rch colkctiom upq~ ~nY indebqdne~s, obliqation w liabilify. o} dK Mortp~pw Mnund~r. TM riyM pr~nted tM Mortprq~e u~d~r thi~ parayraph slull F» in ~dd~tion ~o, ~nd sh~ll nw li~nif or ~~strict, any aMr ri9Ar a npAts q~nted tl:~ Mortp~p» in this Monp~q~. 19. If Nw Mw~y~qon a~ tM ti.n~ 01 rnskinq ~lrs Mw~9p~ a suEsp~+~n~ the*~eo qk~ ovt 1~(~ ins~w~nc~ dniyn~tinp NN Mortp~qe~ henin u benefici~ry w~~l~ a cornpa~ryr ~pprov~d bp ~ Mortq~qw a sssiqro pol~ci~s fo th~ Mw~q~p» fa M~ pwpoa~ o} a«winy N» nw~fpaq~ Iwn Mr~by ucvr~d, th~n th~ Morfp~pe~ akall h~ve tM r~qhf b pay sny p«niwn aanwny ~rndr MiA pOIKNl. ~nd sll swm so ~,~p~nded sMll b~ add~d w~nd b~cdM • prt of eM pincip~l indebfednea s~cw~d by Mis Morp~p~ and sAall b~ p~id bp Nr Mwtq~qw w ~M Mwfp~qe~ in twetv~ pwl consacv~ive monthly instdlnNnb, tM fint ~nonthly inibll~nf a b. p,~d n a part of end in ~ddition w t!» ~nonMh p~ynrnf dw undK ~hia Mwtq~q~ in tht (int c~lendar mw+M followieq Mr •ap~nd'wiq of uid swn. Such swns so ~ipee~ded i ro be~r :nNrest N N» nN ~«AicA i.+N~e~t is p~y~6N ~pan saiA pincipd indebt~dn~ss ~nd tM li~n of this Maty~q~ Jwl! ~~ee~d ro~nd aec~r~ tM s~as w espM~drd I eoye~Mr with inNr~st ~l~wn u Aer~u~b~fa~ povidrd ~ i ~ 19. ibat top~tMr ~rit6 ad in additiow b the .owN~tr vor~•~+ of P.t~Pot w~d interest poqoble w~d~r tl» M~s of twe woM secvred herebp. 1Nwtyayor i shdl pap b Morfpo~~ wcw ~oa/i~ ~ehl ~aid sote is f~Np paid, ow~-hrellth /12) ol o ww ~qed b IIK owwrol pre~iw~ dw for fi?~, ei~ended wvcro~. ~ ond otMr Iw:wd ieWrarw oor~rino. IA~ ~wfY~Wd P~oP*~h: P~~ ~a+~+. ad o~wss~ewh west dw w 1M ~of1Y~Y~d P~~h (dl as estiwwted bp Mwtyop~e) leu op wws olrtadr poid tlweFer, owd b b~ d'nid~d il~ ~M nuisber of ~owfA• b~lapsi prior b the date nrh~w s~ Im~t ond oueswnh sholl become ~ dElinqwnf. Soid sws zhop b~ IrW bp MorqopN a~ M~e w aedited b tM p~i~dpd oi tA~ loon. b pop soid i~swowce.' baes, ond ouesweb ond slwll ~ b~ applied o~ tlr poyw~st tiw~oF wlnw dw. Mr ~ac~ss 6~Id iw ervst bp /Mo~tpoO~e wrMw soid bow is poid i~ fdl d~all b~ poid b Mortyopor. or I~is ~ assiyes, or penowd npr~s~ntatines. I~ tA~ ~nwt of o de(odt w for~dosw~, soid was IrW in trYSt rwp be oppli~d ow awp oosb d da~oges sus~oined ie ~ conn~ctiow wAA tli~ coll~c}iow of tlr ~oh wc~r~d h~rebp wl~ti~er''bp suit, (ueclowre. or ot6ernrist. Mwlpop~e ~ap fro~ tiwe to tiw~ m ifs opfion woi~e. ~ ond oFhr osy srch ~oinM. ~e~stale o~ o~ ofl prwisions btrwf r~quirin9 srcA d~posils, bp wofict b Mortpopw iw ~ritiwy_ Whib mr sucb ~roir~r is in ef(M, Morlpopor ~?all pop lones, ass~ss~enf~ ond iwwrowu pre~iw~s os hereiw dserlKre prn~ided. ~ ~ ~ ~S ~ IN WIiNESS W~1E[EOF, tIN t~id Morlp~yw Mrwnro Nri hN h~nd ~nd sNl Mn tM dry ~nd yw fint abov~ writt~. ~ ~e, ~ ~ ~ i / 5 - • ' ' S:pned, se~ted n~d deGvered : : - . - ~ _ - (SfAI) aeu~. o~: Gerson Malcolm P ~ ~ v/ lJ%~e!~~~ ~..~iN _ (SEAL) ' Frances Terl Perry ~ - ~ ~ ~ . m~ ~ - ' - . _ _ ~ ~ 3 ~ , , . - ; ~ r 7~.c ~j/- C` t~.~ C: ~ ~ Y ~ : ~ ° a 219 ~~~E ~.81 : ~ooK ? ~ - - - ~ _ . ~r~: x- , . _ - .