HomeMy WebLinkAbout0357 e. ro oM~a~, caro~ll w~tn ane ~aa~ nY ~~cn ~ne w~ry uipu4nwu, prMT,.nti, cona~.om w,a cow~+w+ti ~n ~•~d aam«ary ~oh w~d dwd .N taM.
7. II ~ny o! ~M .~,M. o~ ~y M.«w .•~«~.d a b~ ~a ao~ah .~d t~M o«d w~d~in ~Airtv l]0) d~n n~¦~ d~M ~M ~ww~ ~~v~.diy bao~w~ d.» ~n0 wr~bl~,
or il NcA ~nd ~wry Ny ~lipul~tiorr, pn«ww~b. cond~iar. ~nd cown~nh ef ~tid Wanizwry noN u~d N+i~ ~onp~p~. a~~~Aw. a~ ~W d~lp pMfaewd. curol~~d
w~~A ~nd ~bid~d py. ~M ~yq~p~N ~ww ~nnard in Nid panissory noN ~Aall E~can~ dw ~nd p~y~W~ fwMwi~A a Nw~~Hw N tM option af Ny Menp~qM.
u fvllp ~nd caw4hM w 11 wid ~yprpn~ ~wn of mo~Y wN oriy~n~lly Nipu4t~d w M M~d on sucl) d~y. ~nY~Ainq in s~id pawi~wry nW~ a Aw~iw le ~M
conaary noewidu4ndinp. . ,
To d~liwr b wid Matq~pM. on a b~fw~ Ma~A 1SM o1 wcA ya~r. U¦ ~u~iph widMCieq M» p~yn»n~ 01 ~II I~wfvlly irwpowd NaN fa ~M p~c~ny
c~t~ndw yw. b d~liwr b uid lMorrqapN, r~c~:pn widwrc~^9 kr MYnrn~ o! NI li~m (a pudlK twiprov~nrnea wifhin nin~~Y l90) d~y~ ~ft« ~M ~wM ~MII becowN
dw ~nd wY~N. w~d a p~y a di~cMr~ wiN~in nimM (90) d~Y+ ~h~r dw ~d~a. M+r w~d ~11 povpMr.+al Iw~M N»~ ~r b~ nwd~ on NM monw9~d o~~M.
on Mw w~w~9+w p~wN. a in w~ oM« w~y ~MUIU~q hon~ Mw Mw~aq~ ind~Ndn~u ~~cur~d by tAis inon9+9r M+d il Mi~ condil~on b~ ow cw~w~Nd wiM w~d pN•
Iwa»d, uid mp~p~p» nr~ ~r wcA swn a sww~ whicA aMll Mcony part of M~ d~M ~~cw~A Ay ~Ais ~~q~q~. ~nd ~MII ~r imM«I ~t M~ r~N o/ ~ia pa c~u.
lb%) vK wY~bw ~w?i-ww~ll~r uwtil p~id ar uid Map~pN wyY ~4ct M~~ ~a~d ~nortqp~ d~W Mw~upon b~con» dw w+d wr~bb f«~hwi~h.
9. h is fw~Mr co+awnt~d ~~yrMd by MIA pittiy tMt in 1M r~r~nt o( ~ wit E~iey inst~w~~d a ta~cbw Mi~ nwrtp~p~. ~M Mw~y~p» ~MII b~ ~nfiN~d w
~COM N~np ww~ p~n6wo ~uc1~ fa~da~w• wi~ b~ cour~ AavM~y {wi~dk~:on MMwI lor U+~ +OOant~~ d~ nc~iw+ of ~11 ~nd ~inp~~w M~ mo~tp+9~A pop~tY.
u~d of ~U M» r~nb. i~coiw~~, p?ofib, iuua Md r~~ tlwr~ol. Iraw wMtwwN sowc~ dNiwd: ~nd N~aipon i1 it Mreby •,pM~ly cownan»d y+d prMd
eAa? N» ceun sMll forMwi~A ppoint • r~iv~r of ~id rno?r~q~d popaly. ~11 ~nd ~inqub.. ~nd ul ~ucA r~nM. incaw~~. pofib. i~wN snd r~wnu~ ~Mr~o(, Iron~
wMho~vK soura dMiv~d, wi~A d+~ u~wl pow~n wd du~ia e/ ncriv~n in Gke uws: ~nd sucA wpo~nt~n~ aMtl b~ ~d~ Ar ~uch cow~ as • en~~n. d~n~ riplu
a ~M Nlor+o~pN. Ib wccwaas. bpd r~t~Nva or ~sslyru. ~+d wi~Aow afw+nc~ ro ~M ~d~vu~cr w'wrdpu~ of M» v~k~ d M+~ aop~nY ~~Y ~~d
a b~M wlwncy a insolvaay ot ~M Monp~oo?. and tMt ~ucl~ rem. pofib. incony. iuws ~nd r~v«ww ~MII M~ppli~d by xrA nc~~v~ M N» WYn~snt of tM
Twty~p~ Ind~NdnM~, cOSb M~d c~iryM, aOCwdinO b 111~ OfdM 01 ~uth M~M.
10. If s cenvey~ ~hould a~d~ Sy ~M Morq~~ o/ Nr weauNa AK~in dew~b~d. or ~nY o+~ Mrwl. w~Naw N» v~ni~hn conwm of H+~ Mortaq». «+d
witAoU aswnPt~on fn ?~yu4r iora o/ law by Nr 9r«+tM o1 N» obliy~tan b ~h~ IY1w~p~9M v~~~~d by said pawi~sory noN ~nd d~i~ mw+9~w. ~h~n. M+d in tM~
~wnt. ~nd ~t ~M oWien o1 M» Nbrt9W~~. ~nd withaA raNu. ~II awwa ef naMY a~cw~d Mrebp ~hsll in~di~klp ~nd concw~~ntly wiM ~ucA conwy~nc~ b~con»
du~ ~nd OhrabN and in d~fwlt.
11. Th~t in N» went d» prwnisa hw~0y maq~y~d, or ~nY P~rt Nwwf, J+d~ b~ conde~d a~d Nk«+ fa w~blic uN un~ tA~ pow~r ot ~t dowrin,
M~ Maq~~ sMll Mv~ N» rqlr a d~nrnd ~Mt ~tl d~nyqn •w..d.d tor M. ~~L~np of w d.mp.s ro s.~d p«w:~. .A.11 b~ wcd ro N» Mw~q.p.. up a Nw «wa~+~
Ma+ u~rp~id on tAis war~yaq~ ~nd N tM opfian of t!r Mort9+9M ~ b~ +PO~i~d uvw~ th~ p~yw~b lul pay~bN M~?w~.
12, ilr wa.fq.por bi~da Aiwu•N na a we~ w ow~~ ro A~ a.eNd .eqr n.w b~~Idny~ on ~M w.wys.. 1w.in ew.p.p~d w ro.dd w w w?mir a b. •dd.d
ro~~w el 1M ~~istinY imo?ov«n«+b ~M+~a+ w~k~ a+y cAany~s or ~h~~~ions in ~aid i~ov~m~nb wAis.h nrNrid
b cAw~p~ Nw ~aine « Nw ~ M~r~o/, w~tha~t
*M w.itNn ca+s«+t d N» Abnp~. and in N~ ~v~nt of ~nr vio4tion or an~pt ro vio4~~ +his s~7pv4Nm drs nartpp~ ~+d ~11 awns secw~d Mnby shall im~
m~6~Mly b~tonr dw and colMcnbb ~t N» aWion ot tl» AAor/qp»-
1~. lt is ~p~tiiically ~yrNd tha~ tinw is of ~M ~s~~nt~ of *i~ tontrad and M~I no waivM o1 ~ny oA!iyrtion Awwndrr or o1 tM oWip~tion s~cured l~~by sAaU ~ny
t~en~ b~ hetd M A~ ~ wai.~r o1 ~M arnr Mrwf w of Ms irutrvin~M s~ew~d hK~Ey_
11. It fa~cbsur~ pocwd.nps of anr s~cond mwty~y~ a s~cond frust d~~d or ~nY ivnior li~n o/ any kind ~Aould ~'vatih,ad. tM Mw~q~qe~ may. H:~s oW~u~.
in+rrrdiaNlp w MwNh~r d~cl~r~ Mis ~nw~pp~ and fM ind~budn~u s~cwed Aw~Dy dw and wr~W~ fonhwidy ~nd nwy ~t ib e0tion aoc~ed ?o (waclos~ M~~
rrwrfp~~-
1S. To th~ ~at~ of tM ind~W~dn~~s of tM Mwtyepo. b N» Mwty~qe~ d~su~bd Aere~n a ucw~d her~by rM Abny~pe~ is hKeby svboq~ted w rAe li~n w
I~~na and b~ riphb oi Ih~ ownMS r+d holda~ Merwf o! ~~ch and ~wr~ morrq~y~ li~n w pAer incaNnbr~ an th~ land dacriE~d Mrti~ which i~ p~id ~nd/a
sati~fi~d in wlwb u ie ppt qN o/ tM proce~ds o( ~M lo~n deuribed her~in or »c~~ed hercEy. u~d IM resp~triv~ IiMS o} said ~nortp~pes. li~nf a aAs~ ~ncum~r~nces
aMll b~ ~nd tM. and wcA d Mrm Aeeeby ia preaened u~d slyll pus ro and b~ MW by ~he Mort9apN Mr~:n a wcwi~y /w tM ind~bNdnesa ~o tM Mortq~qe~
i+~rein dncriMd a herebp s~cur~d, ro tM s~ ~atent N~at ir wovld Mv~ besn peserwd a+d wrarld hav~ b~en pa~ar! ro«~d been Mld Dy th~ lYlwfp~p~t Md it been
d~~y +~d ~equ4rhl ++sipn~d, trMqf~rr~d. sN ova +nd deln~r~d unro ~he lNoreyaqw by spu»~ dt~d e1 aasiqnm~n~ eoew~~haru,dinp M» (xr ~M~ M~ sanr may be
u~iil;~d u~d euic~ll~d o/ r~cwd. it b~ceq th~ inqm;an of tM parries Mrao M~ aa.w~ wi11 b~ satisfi~d and c~nc~IMd of r~cad br ~M hotd~n tMreot ~t a abovt
rM ~t~ ot N» r~cordiq d Mia nwrtpp~.
16. To pay ?11 and v~qul~r ~~e coars. cha~qes and sapenses. ~nclud~nq I~.vye~'s 1ees, .eafonably ~niorred p paed at sny nme Dy rhe Mo.rqaqee, btcause ol the
~a :~.e ol rhe Mw~yaqa ro pe./orin, tonwly w~fA ~nd ~b~d~ by e~ch and evt~Y the s~~pvlat~ons. ~yerreKnn. cond.~~ons. a~+d corenanes ol ia~d prom~ssw~ no~e and M~i
aeed a e~rhe~. and e.er~ sucA wv~rs sMll bea. ~nran~ lrorn dire rhe .~~e a~~ded ~n sa~d w~~ss«v ~or~
17. Wh~n ~r ~t oF naney b b~ V~id M Nr Mwt~qer b~M Mort9+qN und~~ tM terrro Mrwf al+~ll bt in dt/auh, a should tl~ Morty~yo~ d~fwh in
eny of the oHrr tenns, puviaiom or ca+dtioro of Mis Mortq~q~, ~Mn and i~ ~A~* us~ the Ma~gaqe~ sh~Il Mv~ N~ riqht, witFw~t na~c~ to tM Nbrtp~qw. ~o
cotiec~ u~d r~e~iw trpn ~ny t~aynt a ba~ oi Mid mwtq~p~d pem~sw N» .enq, issws ~nd profits of rM ~w) ~sap hereby nwrtprqd ~nd tM impwernenh '
H»reon, and b pivr popw r~ceipfs and acp~in~nqs tMrefor. ~nd after payinq •11 comnuss:ons of ~ny r~nNl p~nt colkclinq t!w sa~, u~d ~nY rasonabl~ Ntorn~y's i
t~ea +~d oMiw nec~isuY ~=wns~s ~ncurr~d in colhctinp sain~, ro ~ppy ~M poceeds ot sucA colkct~ons ~pon ~ny indepf~dneta. oblcy~tion a li~bil:ty, of tM
Mwtq~yor her~und~r. TM riyAt yranesd ths Nlorty~g~ under this prp~aph shall b~ i~ ~dd~tion b. ~nd ahall iw1 l:w~it or rnhicr, aMr aMr ri9At a riphh qranted
rh• Mafp~y» in Mis Mortp~y~.
lE. N tM Abrtqpws ~t qr ti~ of mskirq this AAortq~p~ or subsp~~nt fMr~ro bb ow I~/~ ins~~eic~ desiqwfinp th~ MwtyqN herti~ u banaficiKy w~rh •
co^+D+~W ~Dpovsd by Nw Mor~y~yn w ~ssiqe~ policip b tl» Matq~qN fa th~ q~rpos~ of secwinq N» mwtp~p~ lo~n Mr~by s~cw~d, then tM lYbrtq~q~~ sAall
h~ve ~ht riqh/ to p~y arty pt~+iwn Kcrvinq undv said policiw. ~nd sIl awm ao ~apended slutl be add~d ro~nd b~con~ • pw1 of N~ pincip~l indeWednNS s~cu~d
bY tFia Mo.eop..M,q lluti b. o.;d b~, M,. Mor~q,qo, ro ,1,. µonoaye. in tw~l.rr eawl consecu~ive menfhly insul4n~n4, tly fint rnomAlp ins~altenMt fo b~ paid ~s a
j put o( end ir'cldfiai to tlw monMdy p~ym~M dw undes tAis Mortq~q~ in tM (irst ulendar rew~~h idlow~rq the ~~qnd~g of asid ~wn. Such swm w•apeerd~d
~ ~o bear inartst~~f rtw rate at wAicA imeres~~paY~bl~ upo~ wid pincipsl indebtedness and ~M li~n of N+is Morlp~a aMlt eatend /o ~nd t~cwt th~ sums soe~pa~ded
~ ro4erMr wi~h uuwat ~Mr~on u heranb~fa~ w~vided.
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! 19. Tlwf bpMlw~ ~ifh oed is odditiow b the ~owMl~r Purwient of priwcipol ond interest payoble YNdM I~N ~l/Af OI ~IN AON !lCYfld I1lft~, Mort9oyo~ s
S iholl poy b A4ort~oy~~ eoch wonth vwt~l wid noM is FYllp poid, oM.hrelfth (1 /12) oi o svw pvol to the onwvol prewiv~ dw for (ire. earcnded corerope, `
and oNer Aaurd iwwrawc~ oover tl~e ~
~ ~^Y ~9~Y~ P~oPKb, p~vs loa~s ond asseswnb neat dw w tli~ ww/poY~ P~~b (dl os estieoted by Mwtpopee)
lest aN was alreodr poid fl~r~fos.'owd M w dirided bp tUe n~wber of ~oat6s b elap~ p~ior ~o ~ dm~ rbiw wd~' teaes owd uueauwenh shdl become
t delinq~nf.' Soid sv+s s6oM b~ I»Id bp Mortyop~t iw hust o~ aedit~d b fMe r of tM baw. b as, ond osse~s~weeh ond shall
: be o ied ow tM~ ~ Nrr~of ~Mw dw. M~uess Iwld 'w brst P~~ Po1~ soid iwwrowu. ~a ?
~ PP~ P~~ r h~ Mo?1popN r?bsa soid bon b poid iw f~ sboU be poid b Mortyopw, o? his ~
~ cssiyns, w pNSwd rp~~tswlotires. In tAe et~n1 of O df/ovN O? ~MlClOtvr~, wid sr~s 41d ie trYSt ~wp be oppliwd ow ary cosfs d dowoy~s wsmiwed ie
3
~ connectiw vi 11~ edbcliou of 11r woN s~cor~d Uerebp wbtN~er bp ~~if, (oretlos~r~, w oHie~~ist. MorrYopee ~or f~o~ tiwe b 1i~e ot ib option waioe, ~
and oher onr wci~ r~iwsfof~ oar or all proviaiows hereo( ~eq~iriny wch d~posifs, bp wotic~ b Mwt9oppr iw rrriti~y. While aey such woiver is in €
y efFect. Mortpopor shdl pap toaes, ask~s~enh ond ietwranc~ p~ew~iuais m berein dsewbere pro~ided.
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