HomeMy WebLinkAbout2449 e. ~O OM~W/11. caroM w~~A <f1d 1b~d~ bY ~K1~ ~fW ~VMY ~itpy4hWy~ prNmMH. (Oww~~wq Mo cvvwMnn m s~w Wv..~~~w.1 .ww~ ww ..~v
7. 11 ~ny o/ th~ twrr eF nwMY M~~in ~~fNad b M nW O~u~o~ly ~nd fulb oud w~~Aie Miny 1~01 d~11~ n~a~ ~1rw M» tiam~ s~wrdly baon~ d:w w~d wY~bl~,
w if ~ad~ ~nd ~wrY ~M ~fipul~twra. W~wM^t~. ca+dt~an. ~nd cown~nh o~ ~~i0 waui~iory noM ~nd ~Ais mor~9~p~. a~~Mw. a~ nW dul~ p«fwnwd cwroba!
wi1A and ~AiO~d by. fM ~9p~~WN svm eMntiwrd in s~id wonrawry noN ~MII bco~ d~n and wY~N f«tAwid+ a N~~afN~ H NN opuon ol IM MonWyM.
~s h,11~r and caaaNtiN a if s~id ~pp~~W» swn o! mo~y wu aipindly st~pulu~d a M pud on such da~r. any+hinq ~n ~~7A pon~i?wry na~ a M~~in b tM
conaMr notwi~hsNndir.Q• ' t
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~o d~Gvw N uid Matq~yH. on a D~fa~ lNucA ISM ol Ncl~ Y~M. u• ~K~iPM ~vtd~ncinp ~M pY~n~ of ~11 lawful~r inipa~ t~iM /a Nr pe~c~d~nq
ul~ndr Y~a1. b ddiv~r b uid Abr~yaq~, r~niph widwrc~w9 tM WY~nt o} ~It liens fa v~k ~mprov~n~n~s wilhin e~in~fY d~lr~ ~(N~ tM ~~nN ~MII bKa+M
dw w~d Wy~EM. as~d b WY a di~chup~ wifhin n:~w1~1 (90) d~Y~ ~fNr dw d~h. ~Mr w~d ~tl povsrnnrnul bvi~s Nwt ~r E~ maA~ ow N» n+at9~9~d WaoMfY.
oe Mia mwp~q~ a eaN. a in w~y odw w~y nsyt?ino fraw ~M Mor~p~y~ ind~E~tdiw+s s~ew~d dy ~An ewrp~p~: H+d il Mis eonOiKon M nw earo~~d wi~h ~nd pN•
{ww»d, NW nwrtapN nyy p~Y ~ucA wn~ a sww~ vvAicA ~hall E~can~ P+h of M~ d~bt s~cw~d by ~A:~ nwrtq~y~. and s1y11 brw tnNrN~ ~t M~ r~h of ~f¦ pN cMU.
(6%) YM MY+b~ ~i~wrw~ltp until pW or ~~iA Mor/y~qw ~Y ~I~ct M~t u:d narpaq~ d~W Ii~~~von b~con» du~ and Wy~bM IaMwi~A.
9. It is (w~hr. co.w~r+ud ~nd ~qr~+d Mr u~d pa.~~a ~la~ ~n ~M w~n~ ot • swt Mcrq inu~ruad ~0 1«~ctos~ Mis mw~p~p~. N+~ AAup~pN ahall M~mitbd to
' ~pply ~t ~ny rin» p~ndiny sueA fa~eb~w~ wit ro~M eourt MvMq iwi~dietion thwwl fw rM ~ppointnrm d• r~e~IvK o/ ~11 ~e+d ~inpul~r ~M ewrfp~p~d p~opKhl.
ad o/ all IM ~b. incaMS. O~ofiu. issv~s ~nd r~vwr»~ Nwwf. from wh~bow+r sowc~ dNiv~d: ~nd Nw~uoa~ il if Mrtby •,p~t~M cw~Mnf~d ~nd prNd
IMt ~M cow~ sMll (a~hwt~A ppo~nt • r~c~iv« o! a~id ma?~y~d powrtll. dl ~nd sinpular. ~nd ol sud~ r~n?s. incoww~. aof;q, i~wN end r~wnu~ Mwrof. I~aw
wMt~e~wr tawn dMiwd. wi~A tM wwl Po+w~~ ~nd dut~u o1 ~~c~iwn in lik~ usti: ud sud~ +OVO~n~arn~ fMtl b~ nyd~ by ~ucA cow~ r a ~nsner o~ abict riyAl
q M~ Me~y~qM. ia suuwsws, b9~1 rpr~s~nt~tiws a~a;qa. ~nd wi~AaA r~lKenc~ a Mw ~acy o~ ~n~d~qu~c~r e1 M» valw o/ tM prop~rty Mreby ~nortq~p~A.
w b ~M wh~ncY ~~Y o( ~M Mw~p~por. ~nd tMt svcA ren~. Wofiti. i~+conw. isauK and r~v~nw~ aMll b~ Wpli~d b~r wd~ nc~ivw to Nr WY~n~ of ~M
wwrp~p~ ind~ANdna~, caa w~d c1w9u. ~ocwdww a tM adK of sucA cow~.
10. If ~ canv~Y~ dwuld E~ nwd~ Sy Nr Mwpqor ol IM 0~~~~w Mnin desuibed, a~ny w~ tlwr~oF. wi~hah ~M vwi~an conwnt ol tM Ma~p~pN. snd
withouf usww~:on iw rpular fa~w e! I~w py tM yr~nM~ of tM eblip~tion M tA~ MatpaqN cre~»d by ~aid waeis~wY noM ~nd Mis monW9~. ~M~+. ~nd in tMt
~v~nt. a~d N dw oWian ol ~M Mwtp~pN. ~nd wi~houl no~~c~, a0 ~unr of moMr Ncw~d Mreby ah~ll irn~diakM ~nd concv~nnNy wri~A ~ucA conveYw+c~ E~conw
dw and C~Y~bI~ and in d~fwlt.
11. 1M~ in IM wee~ tM w«ni~a Mr~by nartw9~d. a MY PM~ tAMW/. sA~ll M condem~d ~nd t~k~n for v~blic uM undar tl» v~M o1 ~nimn~ aan~in.
IM Mwfp~y~ tMll Aaw ~M riqM ro d~nrnd tM/ all dr*~qh ~ward~d fw tM ukinq of a da~qes ro aaid p~sw sMll b~ p~id a tM Matp~pw up b ~M an«m~
tl~+ unWid an thi~ nar~WY~ ~nd at dw uM~ o! ~ Maty~y~ n~r b~ ~pp~Nd uDw~ tM P+Y~?~ lu~ payaW~ tha~on.
12. 1M ~we~p~po? b~nd~ Aiwndf not 1o N~ct a p~rnrt ro b~ er~ct~d u~y new Ev~ld~nqa on eM w~isu Mnin mwlp~qd or ro~dd a or vermit w M~ddsd
10 p1 IM ~Ristin4 improwmN+K tMr~on a m~k~ aery ch~nq~~ or ~IMr~tions in s~id imWOwmu~h which m~1Ni~lly elw~q~ IM sa~n~ a tM us~ tMreof, w~lhou~
1M writNn cans~nt of tM AAortp+pN. and in 1M ewnt of MY viobtion a~ttNnpt ro v~olah tAif ~~~pubtion tAis mortpp~ +~d all swm +ecw~d Mr~bY s~++ll
~~tdy Mconr du~ ~nd coll~a~bb H tM option ol tM Mortp~yN.
13. It i~ ~p~citiutly prNd tMt t~~ is of rl» e~Hnc~ of rAis contrxt and tMt no w~ive~ ol ~nr ob•q+tan ANwndw a of Hr obliya~con wcwed Mr~by sMll at ~nY
fiar b~ Mld fo b~ ~ w~iv~r ot tM Nrna Mrwf a of th~ imtru~~~ secw~d hK~by.
1!. 1/ }oncbsw~ pocNdeqs of any s~cond mw~paq~ a s~cond uua~ d~+d or ~ny jvn~u li~n of anv kind ~hould b~ imtit~red. fAe Mortp~qet enay. N~y opt:a..
:erMdiawly a tAw~aiter d~clar~ ~his mwepp~ and M~ indept~drrss s~cw~d Mr~by dut r~d wr~~ tathwith, and ~y st ih option Drxeed w lwectos~ th~s
mortp~p~•
13. To tM •at~nt of t!» ind~b~edr~ss of ~h~ AAor~q~pw ro Nr Mwty+W~ dna~bed F+e.~in a sec~w~d Mreby ~Ae Mw~pape~ is Mrcby s~Eroy~ted ro tM tien n
liwu and to Nr riphh of tM owMrs and hotdns fhereof of s~ch ~nd ~wrY nwrrq~y~ I:M or ahe~ :ncwnbranc~ on tM land d~snib~d Ae~tin which if paid and/a~
~atisfi~d in whoN a in qrt o~f of tM p~ueeds o/ tM loan deur~ped her~in w s~cured MreEY. ~nd N» resp~ctiw li~eu of said rnwrp~qes. I~ens a other IMVfnbf~Ml1
tMll b~ and tl~. a~ and Nch o/ 1Mm htreby is W~s~+ved n+d sMll pass 10 ~nd b~ MW b~r Me MorlpaqN hM~in as faawify for 1M ind~bt~dr~ss b tM Mort9+9~
Mnin desaiMd a Aerebp secwtd. ro ~M s~a» ~¦~cm My~ ir wo~ld haw bkn p~serv~d a~+d woutd hav~ b~en pus~d ro ~nd been Mld by tM IVAwtp~y~e had it beee
duly and rpu4ry asip~ed, u~nsferr~d. sN ova~ and delivrr~d ~nto tM Matg~9ee by sepxate d~d o} ~uiqiumM notw~thstsndinq tM /M that tM sam~ en~y be
sati~fyd and curcdled oi ncad, i~ bdnp Me inanuoe~ of th~ prt~~s hereto rh~t ~h~ sam~ w~ll b~ a+~~sfied u~d canc~lled of recad ~y eAe holders t1+sr~of ~t u abart
tM tin» of 1M r~cpd~nq o( Mis ~nonp~q~.
lb. lo pay +U ~nd s~nqular Mt cos~s, c~a.gea and e¦penses, ~ndud~nq lawyer"s fces. ~usonabty .nc~ned a p~~d a? any r~~ne ~y rhe Mu~qaqee. bec+use of ~he
fa.l~re o1 ~he Morrqagor fo per(wm, cwnDly w~fh ~od ab~de by e~cA ~nd everr ~Ae s~~~ulanona. ~ryeemema. cond~~~ons, a~ cov~nams of u~d p.om~ssar ~+ofe and eh~s
deed. a e~rher. and every s~xA p~rmenrs sAali bear .meres~ lrom d~~e H d+e r~~e pov~0ed ~n s~~d prom~?swy no~o
17. YYh~n ~ny s~na+M of w~oewY fo b~ Wid Ey 1M Mwtq~ya to tM MortyaqN und~~ ~ Nrma hMwf a1u11 b~ in d~fault, a ahould N+~ MwtW9w de(~~It in
arryr of the o~Mr terms, provisipq a cond~iroro of tAis Mor~qpt. ~Mn u~d in thH css~ tF~e Mwtq~yN sh+ll Iwv~ ~M ri9At, withouf not:ce lo N» Mortqaqw, ~o
collect u~d rec~iw frorn any hnant a lease~ of s~id mwtq~p~d preinisn f!r renh, iasve~ and po(its of tM ~wl esr~t~ hereby nwr~qiqed ~e~d *M ~.np.oveenena t
thereon. ~nd b yiv~ papa r~nip~s ~nd uq~in~nca tMreiar, ud aftar payinq •II comn.iss:au of anY r~nul ~qent colktlirg t!» aaine, and anY reasonabh attorney i i
f~es ind oNw n~cw~r~l ~~Wru~s incwred ;n colNctinq sa~e, to sppN tF+~ poceeds of s~ch co~lections upa~ anY inde~t~dneu. obt:q~f:on or li~bil~ty, oi tM
Mortqayo? hneundN. TM ~iqht qranted ehe Mwep~yN unde~ this parpr+ph sh+ll De in ~ddtion ro, u+d sh~ll not limit a reatricf, any other riyht w~i9Ats yr~ntsd
NN MO~tqiyN i~ this MOny~qe.
'I ls. If Nr Morty~9ors at the ti~ of n+e4inp this Mw~y~q~ o~ subsev~~nt th~r~to ak~ ovt lif~' insw~ec~ d~siyn~~inp Nw Mwfq~qe~ hereie u beneficiuy w~rh •
cornpsnY ~ao~ora~d SY tFr MortpaqN a usipns pol~ciq ro tM Maty~qN fw th~ pwpw~ of secwirq t!r mwtpap~ Ioan 1.Neby ~ecw~d, tMn rM Mwtp~qe~ ~MII
~ Aave Mt ~iqht to W1~ D~aniwn aaruin9 undw said Ddicees, r~d dl svins so e,ePMd~d shall M added b~nd b~ca~r • P~ of th~ princip~l indeb~edneas secw~d
~ by this Mwp.q. .nd sA.u b. w~d b~r N» Mw~9.yw w Nw Nb.~qa9e• in ~welw eqwl cons«~ove monMty ~mnlln~». t!» iint monMly iroullm~n~ to b~ wid ~s a
9 p~rt of end in 'addition b tM moneMy paym~n~ du~ ~+nder ~hia Mafq~q~ in tM fint uhnda~ n+onth followinp tM ecpendi~q oI s~id som. S~ch svieu w•¦pendrd
~ ro hear in~aest N iM nM at whicA interest is paY~bb ~~pon faid pincip~l ind~D~~dness ~nd tM lien ot th:s Morty~q~ ah~ll eatad fo ~nd sec~xe Me a~wro w ewpendrd
~ together wi~A inNrnt tMrean a here~nbefor~ providd_
a
19. Tl~af toyell»r ~rif6 owd is oddifiow fo tM ~oMNp porseet of princippl uwd interpt popubl~ w~d~r the Nr~s o( tb~ ~oh setvred IKrebp. N1ort~oyor
~ shdl poy M Mwqo~e wcb wont6 ~~ti soid wof~ i~ lrllp poid, one-f+rdith (1 /12) oF o sw~ pvol to 11N annvol prt~i~~ due lot 1'u~. estended cove~oy~, •
ond Wl~er laiad iawrosn oowrinp 11w. wwtpaY~ W~~. P~vs toaes awd osussaenh ueat dw ow t4 ~wlpo~d P~opnb (oll os estiwoted b~r Mwlyogee) ~
~ I~u dl w~s dr~ody pad tMrefor, owd 1o be. di+id~d bp the wY~ber of ~oe1As b elopst prior to 14 doN wl~ew wcl~ toses owd oaa~sswenh shdl becoiwe ;
~ deliaqYent. Soid w~s sl~or b~ Mld b~r Mo~tpop~e iw trvs~ w aediled fo N~e pri~cipd of tM bw, b por said iws~ronce. 1o:es, and aa~eurnewb ond sAoll ~
b~ opplied w tlr po~ent thereof wAen dw. Mr e~ccess Mld in trast bp Mo~pope~ wlien said {oow is poid i~ /YN s1~aM b~ poid ro Mort9opo~. or his
~ ussipn, w perswol npra~wfati~es. Iw tIN ~rent oF o defoult w foredosure, soid syws ~eld iw trvst nwy b~ appliwd o~ awr cosfs of doiwo9~s ws~aiwed in
conneetiow wilb tlw cdlMioi of HM woM sec~red Uerebp w6eN~er bp suit, fwedos~n, or ot4rriae_ Morpopet ~ fraw tiw~ to tieK o1 its option woire,
ond ofMr oer wcb woine?, r~instot~ oap w dl prwisiows hereof reQuirinp wcA d~posits, bp wtic~ w Mortyopor i~ wrritiwy. Whie my such wai~er is in
eHM, Mortpoyo~ siail pop tai~s, asse:s~enb ond iswronct pre~iuss os bere:n ~Ise~vhere prn~ided_
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M WlTNE55 W+IEREOf. IM s~id AAwtqa9o? ht?wnlo sNS hh A~nd ~nd sN~ Mia tM dnr ~nd yw fint abow wnitNe.
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