HomeMy WebLinkAbout0363 6. To pKfan~, caroh w~~h and ~bid~ by ~~cA u~d ~wry ~upu4uons. ~NTMII. co~d~i.an~ w+d cowow~b i~ ?~~d p.ow~~iay noa ~nd d~ed sN iaM.
~7. t{ ~ny ol ~M ~u+ti of morry Mn3e r~lard a M no1 pomp~M +nd (ully p~id widun ?Airty (~pl d~ri n~,~ ~1~a~ ~M suw~ a~wa0y b~cw.w d:w ~nd o~y~bl~.
w if wch ~nd ~v~y Hw pipul~t~oeu. pnM+wnt~. cond~:om, w~d co~nnM+h d uid pan~~~ory noN ~~d M~s Torty~p~, w~nMr. M~ oa duly p~rlam~d. ca+~o6~d
w~M Md ~b~d~d pY. ~M ~pqrp~q WT ~nnon~d ~e s~~d aaniawY noa ~MII beca~w dw ~nd WY~EI~ la~Awieh w Mw~~Uv tM ePGOn o1 ~M Mor~W9N.
N fv~1y ~nd conwMh~y M if aid pqrp~N ~ww o1 mavy w~~ piqiNly s~ipv4~~d a b~ p~id a1 sucA d~y. ~nY~A~nq in ~~:d pawii~ory nW~ a Mr~in b ~M
cOnUYy nOtWiflyl~ndinp. .
Te d~l;vM 1o uid Ma~~pN. ow er b~la~ MucA 1S~h o1 wcA v~M. t~a r~c~ipt~ ~vidMCinq 11» p~Y~t o! ~11 I~wfvllp i~npw~d ~~,M (a tM q~c~d~nq
u1MdK yNr. to d~liv~r b said 1Mor~9~9». r~c~~pb widMC'uq ~M o~Ywnro of ~tl IiNa la publK imprw~~nh WiMin ~in~hl (90) d~y~ ~ftM tM d+all b~con~
dw w~d WY~M. ~nd b WY a di~cAuq~ withM ninMY (00) d~ri ~fNr dw d~N. ~ny ud ~11 povNnny~tal I~via tAa~ ~y b~ ~d~ a~ Nw rnw~9+9~ M~~Y.
on Nw morp~q~ a noN, « in w+r aMr w~~ n~~lrinp i~aw ~M Ma~y~~ iedebndn~u s~cw~d E~r th;~ rnor~pap~: a~d if thi~ cond~~:a~ b~ nW compli~J w~M ~nd per-
fanwd uid wartp~qN ny~ p~Y ~ucA aww w~ww~ wAicA aA~tl Mcan~ pu~ of ~A~ debt ~~cw~d Ay ~A~s ~nwrp~p~. ~nd ~MII be~r inNrM~ tM rn~ of si• pN c~nt.
(0%) W~ ~M1. MY+ph t~•wwallp w+ti) p~id or ~aid AAor~y~yN nyY ~!M d+H uid inwty~y~ deW MN~up~n E~can~ dw ~nd p~y~b1~ taMwi~A.
9. 1~ i~ fw~Mr co+~n~nqd «wi ~qrMd bY Nid pNtiH ~Mt in ~M ~wn~ o/ ~ suil b~~np iei~~eu~~d ro 1w~clos~ M~~ mw~9p~, tM Monp~pM ~1u11 b~ en~~d~A ~o
pply q~rry t~eM pa.dinp ~ueA fw~elww~ wi~ b Mr sow~ Mvinq iw~adictwn MMeof fa M~ ~ppantm~n~ ol ~ ne~ivM of all ~nd si~p„lar tM monpaq~d popNty.
~nd ef ~II ~M r~nq, i~eon»a, pofif~. istws ~nd r~wew~~ flhwpi. ttan wlWwwN: aoyre~, dnivtd: ~nd IMr~upon it is MrtCy •,p~aly tovtnant~d and p~Nd
~M1 ~M tpnt Jull /wMwiM ~ppoiM • r~ivM d uid mwty~~~~Cperryr. ~11 and ~inqulu. ~nd of a~ch r~nq. i~cwn~~. wofi», i~suM end r~wnw M~r~of, haw
wAatw~w wiwa dMiwd. wiY~ ~M uswl Pow~n ~nd duti~a o/ r~c~ivxf in lik~ uws: ~nd sucA ~ppo~nt~n~ aMll b~ ~nad~ bY ~ucA cow~ u• nune~ of sN~d ripM
q ~M Mar~y~qN. ifs ~utc~s~ws, leq~l rpr~+t~t~wa or ~as~yns. w+d withaA r~fN~nc~ b N» ~d~a~++~Y or inad~qwcy of ~M vNw of tM Wop~ny Aere~v ~+orf9~9~.
er b N» wlw~ey a tnwlv~ney o( NN Mwpapor. ~nd tA+1 euch r~n~. polin. ineon». i~sws and r~v~ew~s ~MII b~ ~ppli~d by wd~ r~c~ivN ro Hw wymen~ of ~M
nwrp~p~ ind~ENdn~sa cab ~nd chupM. ~cc«dinq w t1r udw ot ~ucA cowf.
10. li ~ eonveyr+e~ should b~ nwd~ by Nw Maqqa of f!r ptwti~ Mr~:n d~wib~d. or ~nY pM fAKwI. withpr~ tM wein~n eaw~~ 01 ~M Matp~qN. ~nd
witAo~A +ssuw~P~~w~ M rpulw faa of law by tM p~nN~ o/ ~M oblipNion b th~ 1Nor~y~yN aN»d by uid P~uM~~wY noN ~nd Nds n~wf9+9~. Mrn. Md in +Mf
~wnt. r+d st ~M ep~ion of N» Ma~pp» ~nd wi~hou~ nM:c~. ~11 suma of momr acw~d Mreay sMll inrn~di~wy ~nd cancwnntlp wiM sud+ conv~yu~c~ b~can~
du~ and WY~bN and in ddwh.
11. ilwt in Nw went tM p«n~s~s Mr~EY mortq~y~d, or ~nY p~rt ~Mr~o/, ~h~tt b~ condenvwd w~d ~~?~n for O~b~ic w~ und~t tM vo~? of «nin~M danain.
Nr MorqaqN sAall Mv~ M~ riqAt w d~w~r~a Myt ~li droaqn awMd~d fu N+~ ulinq oi a danwqy ro wid p~nis~s ~11 b~ p~id b tM Mw*p~pM iq ro ~M amo~in~
11~~ unV~id On IAis moApaq~ ~nd N IIN uWian of IM AAwfp~qN ~ b~ ~PO~e~d u0w~ th~ WYnweb Iqt WY~bM Ih~e~on.
12. 1M ~nwty~yw binda hi~ns~l/ not a~nc~ a puw~it ro M e.~ct~d ~ny n~w A„ilddnqs on *M a~sN Mnin ~ony~p~d a ro ~dd ro a pe?mIf W M add~d [
b~ny of IM •aiatirq iw~prov«wa,n rhK~on a enaR~ ~ny el+anq~~ a~tNrtl:om in uid irnpov~wrnh wh~eA nwt~riallp eMnp~ M~ un» a eM ~ M~rwf. w~~hoW
N» vv~itNn can~nt o( th~ MonppM. and in tM ~wnt oI any viol~~an p anMnW ro v~olaq d~is s~~pul~tian Mif mwtp~q~ M+d ~11 awm s~cw~d Mr~Ay sl+dl i~n-
n»d'i»ey bcan~ du~ and colbcnbh N th~ uWion o/ ~M 1Nwtp~pw_
13. It i~ sp~ci(~c~lty ~yNd tAa~ t~~ is of ~M eu~ec~ of fhis cantrx~ w~d ?A~t no w~~wr o! ~ny ob!ip~ran hNwndM w o( tM obtip~t~on f~cw~d Mr~br aAall N~ny
tin» E~ MW to b~ a wai.~w of tM Nr~a her~o! a of ~M i~stru~nent a~cw~d Aer~by.
11. I( }or~elosw~ poeMdnys of ~nr s~eond mortp~q~ w ucond trust d~~d or any junia lien of any kind shouW E~ iro~ituted. ~M Mw~p.se. e~uy. ~es op~io~.
iinm~di~f~Iy a N~eaher d~clw th~s mwf9ap~ and ~M ~nd~draa~ secw~d Iw~by dw ~nd pay~El~ •faihwi~h, ~nd m~y ~t it~ opuon PrxNd to fo~eclo» thts
^'°r~q~y~-
1S. To tM ~ar«+~ of tM ind~Wed~~s of ~M Mortp~qor w ~M Abrty~pe~ d~su~bed h~r~~n o~ secwed lwsby tM Ma~ppe~ is hereby wb~oy~ted ~o tM Len w
liau ~nd to Nr ~iphb of M» own~rs and holdas thereof of ~~ch ~nd ~very ma~qay~ I~en « aMr iocwnbrx~c~ on eh~ I~nd dncr~b~d Ae~~in which is qid ~nd/w
utiafi~d in whob or in pan ovt of th~ proce~ oI tM Iwn described Aer~in a s~c~red Mreby, snd th~ resp~ctiw liens of uid mor~q~9ef, liens w oMer ~ncun+b~~ncea
Jytl M ~nd 1M. wn~ and Nch of than hereby ia peserv~d and shall pau ~o and b~ MId by tM A1w~yaqee h~r~in as t~cvri~y for tM inaeb»dne~a to ~M Mwtq~qN
Mnin dncribd a her~by s~c.xed, ro tM sa~n~ e¦renr ~ha~ ~t wa,ld haw be~n p~xrwd u~d wa,td Aave been pus~d ro and Men Frld by tM lNwtp~yN I+ad i? been
duly ~nd rpularty asaipmd„ tramtp~~d, sH ov~r ~nd deliver~d vnro tM JNo.tg~pN by s~pun~ de~d of ~is~ynment notw~Mar~nd~ny ~M ixt ~Mr ~M s~n» may be
safisfi~d ~nd anc~ll~d ot ~ecorA, it 6~ieg tM imenrion o( NN w~ries herdo ~M~ ~h• s~m~ w~ll be ist~sf~~d and caKCtlad of r~cad by ~M holders ~hereof p or abou~
tM tim~ of fM r~cadiny ol tAn mwtqaq~.
16. To p~y d~ and s~rtgv4r ~he cosrs, charqes ~nd eapensen. ~ncludn9 lawya's /ees. ruso~abty ~n~~.red a pa~d a~ my ume Dy ~he Mwryaqee. beuvit oi ~he s
s
ia,t~.e of ~he Mwr9iyw ~o pe./am. cw~ply w~~A and ab.de by exA and e~e.y ~~e snp.,l~nons. aq~eements. cond~~.ons. ~nd covrnanh of s~~d p.om~sso.y note and eh~s -
oecd. o. e~nc~.. and e+e•r such paymenrs s~a~l be~• mratse from dare a~ +he .ate p.ov~ded m wd o~a*~sso.y no~e ?
17. 1Nh~n ~ny wnounf of mon~y b b~ p~id by d» IYlwtp~pa to tM MortyapN w~d~r th~ 1~rm~ Mrwf sFyll b~ in delwh, or shovtd tM Mortqapw d~/~~It in
any oi tht od~ tem~s, povisions w cw~dtio~s of Mis Mortpap~, tMn and in IAar us~ the Nbrtqaqe~ Jull Mw tM ripht, withoul no~~c~ ~o tl~e Morty~qw, ro
collatt and nceiv~ frwn ~ny tenanf w ItssM of said morty~q~d pemises tM ranb, iawes ~nd profin oi fM rMl e~laN her~by ~+ortqayed ~nd rM ~mprovemenn
thereon. and fo qivr pap~r ?~uipf~ ~nd xquinancea thertlw. ~nd ~~te? payi~q all commissiona of ~nY r~n~~l ~q~nf colkctiny tM aaen~. and any repon~bl~ nfornsY i
f~es ~rd oM»r nece~sary ~ip~eq~s incwr~d in collMirg sam~, ro apply tM proceeds of ~uch collect~oro ~pon anY indebqdn~ss, oDl~q~t:on a liabili~y, o( ~M
Morrqpor hareund~t. Th~ ~iqht p~nMd tAe Allwlq~y~t under fhis p~rpr~ph sh~ll be in add~e~on to, snd sh~lt not I~mit a rptrict, ~nr o~her r:yhl « r~qMs yr~n~ed g
'I tA~ MafpapN in Nei1 Mortq~y~.
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; 1a. If tM Morlqaqpt u the lien~ of mtkinq Ihis Nbrtyp~ w a~bs~qu~nt rAereto pte out G/~ insuranc~ dhiqnNinq th~ Mortp~pe~ htrein q benelicisrY wlth a °
~ con+osnY sppoved by tM Mortp~qs~ a~asiqns polic~p to tM AhwfyaqM iw tA~ pwpose ot sec~riny tM morty~q~ Iwn hereby sec~r~d, tMn th~ M«tq~qe~ aMll ~
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` hr,~r th~ riyAt to WY +~I~ w~~~ +cvwny w+da N1d pO~KiK. ~nd all awm so eapended sAall M add~d ~o ~nd Mco~n~ • p~t of tM pincipal indebtednea secwed
F by this Mwlqap~ and ah~ll b~ p~id by tM Mortq~yw w th~ Mwtq~pe~ i~ twelw eawl consecui~ve moe+~l+fy inatall~nq. tA~ finf enonfhly irnUl~m~nr ro b~ p~id ~s •
4 par~ of end in sddi~io~ to tM ~nonthlY wY~~ d~» vnder this Morty~q~ ~M fint c~lend~r :nomh fo~lowirq tM •apend'inq of ssid sum. Such suim w•¦p~nd~d
: ro bei~ :n~~rpt at tM rau ~f whicA in~~reat is WY~bb upon u:d pinc~pal ind~b~eMe~s u+d tM I~en of ~his Mwty~q~ sMll taNnd ro~nd secw~ the sums so espended
~ ~oqerhK wi~A inaru~ ~M~eon as her~mb~for~ p?ovid~d-
`r
~ 19. Thof IoyNMer ~rifh ond iw addition b tM wontlJ~r popiwent of principal ond inte?sst popaWe vnd~~ fhe Mr~s oi tIK woN secv~~d her~bp. Mortpogor
~ ahdl poy b Mortyo~~ eoc6 wont6 wtil taid nots is fullp poid, on~-twelfth (1/12) of o sow pvo) b N~e owsud presiw~ due Iw Kre. ~atead~d coreroye.
' ond oH~er bo:ard iplYfalK~ cowraq tA~ wwtyoped prop~rtp. pl~s toses dnd oss~s~enb neat dYe ow tM wor~9op~d propMtp (dl os ~stiwoted bp Mortyogee)
~ less oN wws dnody poid t1~eFor, ond to b~ di~id~d bp the wuwber of wowtUs b~laps~ prior b N~e dote wMw wd~ loaes o~d ass~aseents sboll become
~ d~linqwnt. Said sr~ shdl b~ Iwld bp Mortpope~ iw trust w u~dited b tAe p~iacipd oF tlw lop~, b pop wid i~ro~ce, to:es. owd ossess~enb ond sholl
~ b~ opplied o~ tbe pop~wl t6er~oF wMw dw. Awy lKfff A~Id iw trusl bp Mortqop~e rMw soid bon is poid iw frp shoN b~ poid M Mo?tpopw, or his
s ouiysa, w persond rep~~sentotiws~ I~ fAe ~~ewt oF o d~fouh w foredosvrs, wid w~s beld in trYSt ~op be oppli~d ou oer costs d dowoy~s sustained in
p connMion wifA tbe cdlediow of the net~ f~cured herebp wbether bp suit. (oreclown, w otberwise. MwpopK ~or ko~ ti~ ro t~nK o1 ib option rraire.
~ and ufter mr srch waiv~r, reinsloN oar or all p?wisiowa I~ereo~ rpuiriiy such deposih, bp nofice to Morqopw iw writi~p. MI6de awr avch wai~er n in
~ffect. Mortqopo? sAoll poy loa~s, assKS~enb ond inw~anc~ pr~wiu~s os Aer~in eluwhere prmided.
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Mwtp~po~ Mrwnp wes hi~ hw~d ~nd sNl thia tM dhr ~nd Ywr f.nt abor~ wriM~n.
IN WItNESS Wr/EAEOF, /M s~id
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s~vK.a. ..,i.d «,d a~r,,..~e L ~ ~ . ~s~u~
~n. a~. ar F. -Goerin
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. ~r.~•<~ ~ ~ l~`C r s~?~~
Jeanette C. G~eringer ~
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