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HomeMy WebLinkAbout0395 ~~r 6. To OM~orm. caroN w~M and ~bd~ by ~~ch ~nd ~wry ~~pulu~on~. ~WMrn~nts. cond~~~onf ~nd covM~nA ~n ~~.d Wom~uuy r+ot~ and d~ed s~~ IuM~. 7. 11 ~ny ol tM tivnr of ~y I~~in ~.1«..d a b. ~a ao~w~N ++~d ~~b Wid w:eAin Nuny (~0) d~ri M~1 ~ItM ~M sanr ~~v~e~lly b~ca~r d:H Md p~v~bt~. a if ~ w~d ~vay tM ftipvl~~a% p~w~n~nM. ton6tipr. ~ed cov~nU ol uid pomissay noN ~nd Mi~ mor~q~p~. w•~~fMr. a~ ~w d~h PM~a~d. co~pl~~d »~M ~nd ~bided py. ~M ayqrp~h ~wn m~n~~on~d in said Worn~~w~Y non ~MII b~com~ du~ ~nd paY~EN fwtAw~~A a?M~~al~~r rM op~~on o! ~M Mw~p~pN. fu~lY ~nd cawNaM u if aid ~yp~p+a iun~ of n,on~y wu aip~n~lly suv~~~~d w b. w~d on p,cA d~Y. ~nyM~ny i~ s~id`prawi~tory na~ a Mr~~n a tM ~onh~ry ~w~w~duundiny. . . • S • ~ e. To d~l~v~r ~o uid'~°' ~y~yM. An eI 11~fw~ AAu~ `1S~A of ~ath Y~w. qa rec~lpn ~vid~ncinp MN p~nw~m of ~11 lawlully impoud u¦u ia ~M p~c~nq c~t~ndar ~w. lo drlivw b~uid Mw~p~pN. r~c~pM widArc~nq tM paymmt o/ ~N litns /a publ:c :wy;~warw~~s Yv~~Ain nin~y ~901 d~y~ ~hK ~M ~~nw ~MII b~cwn~ dw ~nd p~y~bl~. ~nA b Ahr a d:uAUq~ witAin n~m1p (90) d~y~ ~hw dw d~N. ~ny ~~d ~11 pov~.~nwmd Itvi~? tM~ ~u~ b~ nwd~ on N» ma~Y+9~d W~~Y. on Mis monp~q~ a noh. or in ~ntr o~h~r w~y rewh~nq from ~M 1Moetp~p~ ind~bt~ss saw~d by nw~~p~p~: ~nd i1 this condirion b~ nw cawplc~d wi?h ~nd pe~- (w~d. s~id ~nw~p~p~s ~r ar ~~e~ +u.w a swes wAiel+ ~MII A~eom~ pMt ot M• d~E~ uew~d by tA~~ enw~p~q~. ~nd sMll bNr i~qra~ N ~M r~n oi ~ia pa e~nt. (eY.) wr annwn. wr•b!• ..~•~e~+w~hr vn~~l P.id a•.~d 1Mor~~9.. mar ~~.cr ~A,i u~d ~o.~.y~ dee~ ~ha.ova~ wco~ dw v~d p~Y+bN taMw~tA. 9. te fw~hr. co+enan?~d utii a9r~ed by s~id w.~~~s ~Mt in ths ~vM~ of • sui~ E~~~q ins~~h,~ed ~o fa~ct~ M~~ .no.fq~y~. fM Nb.tp~p~a slull b~ ~n~itNA a ~PD~Y n~ny t~~ p~nd~np ~vcA for~closw~ swt a Mr cow~ Mvinp iw~?diction MHfOI Ip ~M ~ppo~n~n.~nt of a ~~ceivN o! ~N and ~inpulx eM na~~paped yop~r?y. and o1 dl ~M r~nb. ieconw~, pafiti, isauN «+d r~v~rw»s tMrwl. f~on~ wM~co~wr ~ourc~ daived: and tANeuoon it is M.~bY •.p~ssM cown~nt~d and prMd ri+at tM cowf aMll fw~1+w~M ~ppoiM •~~teiw~ of wid mor~p~~d pope.ey. all ~nd a~equl~r. ~nd o1 t~cA nnM. incan~~. profih. issws eed nv~nw tMr~of. fran wM~swvw wurn dwiv~d. wilh tA~ usueJ pow~n ~nd dvtia d nevivwt in lik~ uu~: and suel+ ~ppo~n~~n~ ~MII b~ enad~ by iueh eowl n~ m~?tM o! ~triet ~ipA1 » ~M Mw~y~pw, iN wcc~swri. ~e9a1 r~p~sent~lrv~a a us~pm. ~nd wiU~ow r~fM~nc~ ~o Nr ~dpwcy a i~r o! ~M v~lw of tM prop~rty Mr~by ~no~tq~q~d, w a Nw wlv~ncy w iiuohnM~ of ~M Mw~p~por. ud Ny~ tivch nm, po(it~. i~co~. issws a~d ~~wnun ~Aal! b~ applad hr iucA r~c~~.rN ro~M wrma:t of M+~ mw?p~y~ ind~bMdr~~, cosh ~nd cAupa, ~ccwd~np fo tA~ ada o1 such cow1. 10. H a conwy~ should A~ insd~ by M» Mwtqpw oi Nr pr~m7+a M~~in dexa:b~d. p any p~n tMrw1, wi~how tM wnithn conwnl of Nr Mw~p~qN. ~nd w~thoul u~w~ption in rpular fa~ of ~aw by tM pra+tN of tM obtipNion b tA• Mor?q~qN u~N~d by Nid pomiswry noN ~nd N~i~ mo?tp~~. ~Mn, and ie MN ewnt. and ~M op~ion of ~M Mwtppe~. r+d wiMow no~ic~. dl ~wws d nwn~y s~cw~d iNr~by aMll in~ydiahlp ~nd concwr~nflr w~~A s~cA comreY~~ ~oiwt dus ~nd WY~bN w~d in dtl~ult. 11. 71rt in N» tvent ~M prNnisa Mr~by nartpaqd, or ~.ry pM~ tMr~of, sh~tl E~ conde~d ind Uk~n fw puElie vs~ w~d~r Nw povm of «nie»nt dan~in Nw Mprfp~y» sAall haw IM riyM ro d~nwnd ~M~ alt dwn~yts ~wud~d 1a tM Ukinp of or d.~.9.. ?o .«d p«w~..s sM11 b. w~d w N» Man9.9.. up ~o M. .~no„~+~ eMn w~p.id oe ~hi~ war+y.q. «+d at ~h. opran ot rM Nb.~o.o.. nrr e~ .vntt~d voa~ Nr wr~nM,a tae phr•W. Nwron. 12. 7M rnorlp~pw bind~ hiinstlf nw fo KM a pan~~r to b~ er~cpd any mw suildnps on t1.~ p.~isa Au~in mortp~qtd or to sdd w a per~t w b~ ~dd~d ~o ~ny of 1M ~:istinp improv«~wnes Marion or rnak~ ~r eiunq~s a~Itenrions in Nid irnprav~awnq w1u~A nybrially eh~np~ tM s+m~ a'eM vs~ tMrw}. w~Nw~t M~ writNn con~~n~ of ~ Mortp~qe~, and in ~M ~wnt of ~ny viola~an or ~nanpt ro vio4t~ ~Aia stipuluio~ ~h:a rna~q~q~ and all sum~ searred Mr~by aMll iin- - ~+»~NNy b~com~ dw ~nd colbcubls ~t tM op~ion o( ~M Moifp~qN. 1~. U~a w~cii~ulty a9r~ed eAa~ t~n~ ia o1 ~M ess~nc~ of ~h~s conn~c' ~nd fMt no wa~v~r of ~ny ob:~p~tion Mrwnd~r or o1 tM obliyation s~curtd Mr~bv aha11 at ~ny nrn~ b~ Mld to b a w~~ve~ of tM Nrem Mr~of or of tM ~rotrwneni aacwed Aer~by. 1!. It iw~cloaw~ puNd~ny~ of any s~cond mwtpay~ « s~cond tr~at d~~d or ~ny ~un~a I~en o( any t~nd ahouW b~ :nsrin,nd. tM Monps~ m~y. N:b opr~an. imrrrdiaNly a 1MrNffer dtcl~re this mwtp~y~ ~nd rM ~ndeDNdrass ~~cwed Mr~by dw ~nd p~y~bl~ fa~Mwith, and m~ti n i» ophon pocetd to lwecloa~ this mdty~y~. IS. To tM ~aNnt oi tM indeWa~M~» of eht Nbnqpd ro tM Mort~ye~ d~scnbed FKrein w secwed hN~by NN Mpeqape~ is Mr~by t~broq~~ed +o tM lien w I~~na snd fo 1h~ riphq of tl» ownMa and hold~n thereol o! eaeh ~nd ~w?y ~noriq~qe lien or oiMr incwnbr~c~ on ~M land d~scrib~d hK~in whicA ia p~id +nd/ar ist~~fi~d in wlql~ w in puf o~e of tM proceeds of tM to~n desceib~d Aere~~ or i~cwed he~eby. ~nd tly rnpedive liens o( aaid ~nor~q~qes. I:em a ofher ~nc~mbrancea al+alt b~ ~nd tM. srr.~ ~nd ~sch o( tMn: Aereby is peserved u+d sh~tl psas a and be M1d by Me Mor~p~q~+ Mr~ie ~a secwi~y fw th~ indeM~dnes~ ~o th~ Mwtq~qN !+ere7~ describ~d or Aereby ucwed, a~M sam~ e:ten~ ~ha~ ~t would Mv~ bee~ p.~ssrv~d and wa.td Aaw been p~ase~ ro ~nd Deen Mld br tM Mo.fpa~ Md ~t be~e d~iy utid ~tqulpty +a~iqn~d, n~r+sferrtd, u1 over ~nd dtLwr~d ~nto tM Mortqagee DY s~pu~t~ dNd of ~isiqnmtnt nofwiMat~nd~ny tM fM th~1 tM s~m~ m~Y be satisl~~d u~d t~nc~tkd of r~cwd. it bcinp tM ~nte~~~on oF tM pw~ies Aereto tMt the s~m~ will be s~~isfi~d snd c~nc:lled c~ rscdd by Me hold~rs tiKreof ~t or ~bour rM tim~ of th~ recadnq o1 th~s ~nortyrqe. - lb. To pay sll and ~~nqula. rhe cos~a. cha.ges and e,penies. ~nclud~ng lawrer's leea. rusonab~y ~nc~ned w pa~d a~ an~ r.me br rne Morrqaqee. beuuse of ~~e ~a'::re of Me Ma~qaqo~ ro perform, cemply wdh a~d ~b~de by txh ~nd e~ery ~I+e soou~u~ons, agrcementi. coed~~~ons, ~nd covenso~s ot sa~d womnswy note and .h~s ored o. e.fher. and ewe.y such pav~~~+ stiall be~. m~eresr f.pm d~re r~e .are oro~~ded m sa~d wom~uay ~ore 17_ 1Nh~n ~ny ~mou~~ of morwy b b p~id bp ~M A6onqtya M~M Mor~9sqN under M» fe~ms h~rwf sha~l b~ in d~fwlt. or slw~ld tM Mortqspor d~(avlt in i any of ~M otMr te~ms, poviiipu w caxl~~iau oi this Mw~qp~, then and in IhN c+s~ thc Mwtgsyc~ shall h~w ~M ripAt. without nohce to rhs Morryayw, ro coltect u~d rece:w fran ~enr te~~nt or kssN of uid mw?yap~d pne+ia~s tM rsnts. ~uues ~~+d pofits of tM rwl esN~~ hereby mwtp~ped ~nd tA~ ~ n+provemants . tMreon. ind to yivr poqr receiph ~nd auqvinance~ flnrefw, and after paY+n9 •II canm~aa~a+s of ~ny r~npl ~qeeN colkcti~q th~ same. ~nd MY re~so~~ble atfwney i ~ f~es and oHw necessuy up~ns~s incurred in colhctin9 sam~. ro apph tht proceeds of ~vcA colltct;wy ~ipon ~nY indeM~deess, obliq~t:on or liability. 01 the 1Morep~yor M~ew+~r. TM riqht qr~n~ed tM Mw*ypet unde~ Mis parpr+ph shall M in add;tion to. ~nd sMll nof limit or rptrict, ~ny other rigAt a riphn qfant~d ~ rh~ M0~19a9N in N~i~ Nbrtppt. - . 18. If tM Mortp~gas at the tnrr of mtkiap this Mwtype w svbs~p~hnt fhcr~to bk~ ovt lif~ inswanc~ desiqnatin9 tM Mprtqaqe~ Ae.ein u benefici~ry with a ceer:pany ~pproved by ~M Mwfq~qN w~asiy~a pol~u~s to tM Mwtq~ye~ fa tM pnpose o: securinq ?Ai ~nor~qsq~ Iwn her~bY secwtd, thin thi Mortqaq~~ ahall h~,re t!» r~pht b par any premi~rrn ~ecruinp undr uid pol~cies. ~nd all sums so eapended shdl M add~d ro~nd b~conr • pul of fM princip~l indebrednesa seawed bY Mis Morf9~ ~ed aMl) b~ paid ~ th~ Morly~9or fo tM Mortyaya~ in tw~lw epwl conucutive monlhly inatatlmenn. ~M finf moi+Mly insHtl~nt ro b~ paid as • pan oI rnd i~ ~ddition to tAe enonrhly payrn~nt du~ under this Mort9aye in tM f:nt ulendar rnonth lollowinq tM •apendinq of said swn. S~+ch suins w eapended ro bear int~~est n tfie r~~e at which inte~est is wr~b~t vPw+ s~~d P~~nowl indrb~~druss and tM I~en of M+is Morty~pe shall eaf~~d to Ind atcur~ Ihe aums w cipended ~ogefher wi~A inte~~at ~Mnon as her~~~befw~ provid~d. 19. Tlwf byeN~er with owd iw odditiow b tM ~onthlp poystnt of principol and interest puyobk ~ader the N~AS d ti~e noM stcvred Le~ebr. JlAortyogor sholl por to Mwt9o~e~ eocM wpnth ~at~ wid nob if iull7r pnid, one-twelfth (1/12) of o svw p~wl to N~e onnvol presi~~ dve ior fire, eatended co~eroye, ond other ho:ord insuronc~ coverin9 t6s ~ort4oped properfp. plus ta:es ond muss~nh weat dre ow tbe leas ol) w~s alreod ~d tlKrefo~, ond to bi di~ided tbe nuwber of wanMs w el ~~m ldl m estiwoted by Mort9ogee) r po br aps~ p~ior b!h~ do?~ when srcb loaes ond oss~saweMs sholl become delioqwnt. Soid wws shaN b~ 6eld b~r Morpopse i~ trYS1 0~ aedited to N~e priwapal of the loon, b poY soid iwwronc~. Maes. w~d ossesse~eh aed sholl ba uppl~ed os tlK porwest therwf wMn due. My euess A~W in trvst bp Mb~opes wben wid bon is poid iw f~p shdl be poid ro Mortpapoi. or bis o:xgrn, or perfowa) rtprt~eniotiv~n_ !n !Ae erent of o delo~h w fueclosur~, ~id w~s 41d in hust wwy be opplied ow owr co?1s d do~oyes susfoiwed in connection wilh ~M collectiow of tAt noM secv~ed bereby ~helher bp svif, foredosur~. or ot6er~ite. /Nortyapee ~wop (ro~ tiwe ro ~iwe o1 its op~ion wui~c. ' o~d oh~r unr avcb wirer, r~iinfot~ onjr or oN pro~is:oas htreoF requiainQ sucA deposils. br notice ro Abortpopw iw wrifi~y. While onr such woi~er is in effect, Mort9oyor sboll por loaes, ossessw~eeb ond inwronce p~e~aiuws os herein ~IxwlKre proridcd. i , IN WITNESS WelEREOF, ~M i.id Mor~y+9or Mrwnro aNS hi~ Mnd ~rtd qd this t!» day w~d rw ~in1 ~bov~ wnft~n. S~prted, u~led and dd~vcred ~ _ . . . ~j[,~. _ _ FA!) a•xM• Cla to C. M le ~iyjrl~u ~ ~ _ . _ . i%~-- - - (5_Al) MarcelZa G. Mamele (~1.,~ s~-~CX,(.d.l,t,~, r~-~ ~ % . ~ ~ \~?V 1 ~~24~ 5~0«~20 ~~E 395~`