HomeMy WebLinkAbout0442 p. To Wrforrn, comph with and s~id~ bp ~aA ~od ~r~ry ~Kpul~hons. p~e~m~Mt. condlnon~ ~..d coven~nh ~e ~~.d po.~t~tay ae~~ ~~d dKd ~N IwM.
7. If ~nY of tM ~wa of mon~y Mr~tn ~~INr~d ro b~ no~ paro~ly ~nd fvlly paid w~~Ain tlar~y 1~01 d+rs n~,~ •I~w ~M s~ s~wr~lly b~cwn~ d.» u~d p~y~bl~.
a if ~~cA ~nd ~wry tM Nipvl~~ipq. ~pw.M~4. tondd~~ont. w~d ~owoanN ol ?~id p~ann~ory no~~ ~nd tAis mor~q~y~. w~~MM. ~r• rw~ d~l~ p«/w~d. con+pli~d
wiM ~nd abid~d by. IM ~pypH~ ~um m~nhard in ~~~d pani~swY ~N ~MII b~com~ dw N+d paY~bl~ foitAw~~A a ~hK~alt« N tM op~ion ol tM AFw~p~pN.
q}vliy ~nd caMl~Nly u if s~id ~qp~~q~N ~wn ol ~non~y w~i wi9ieyily s1ip~I~1~d to a pa~d on svcA daY. ~nrM~nq in s~id pawii~ery ~oN a M~~in to 1M
contrNy ewwri~A~~~ndinp.
e. To d~l~v~r W s~id Mw~pap~e. on w b~fw~ Ma.cA ISM of ~~cA y~u. t~¦ ~~nipt~ •v~d~nunp N» pay~n~ o! all I~wfully impos~d la tM p~sc~dinq
ubnd~? Y~+?. b d~livN ~o Nid MortqapN. r~ce~pn w~dw~unq ~M wr~~ ol ~11 IiM~ la p~bl~c ~~ov~rnp.t~ w~Min n~Mry (00) d~y~ ~I~~r tM um~ ~MII becan~
dw ~nd p~y~Ab, ~nd b p~y a~ di~[Iwy~ wi~hiw w:..~y IQD) d~y~ ahN dw d~N. ~ny ~nd all qov~~AMMaI Ifv~„ ,Ilyt ,nar~w~d~ on 1M ~norlC~9b po0M1Y.
an this ~q~p~ a not~. u ie ~ny al+w w~Y r~~ulr~nq (ran eM Monq~y~ ind~Eadn~u ucw~d pY ~hp maty~j and if tAi~ e tp~ b~ nw compG~d w~~A and pea.
fww»d, Nid rwo~~WyN ma~ p~Y t~ch swn a swns wh~cA ~MII bcan~ w?~ o( M~ d~Ar ~~cu.ed by ~ti~s /nw~y~q~. ~nd sMll b~r int~rti~ tM r~N of ua pM c~nt.
fb%) Dw +Mwe. WY~E4 a~mi.uuw~lly vetil p~id w said Mortp~pN ~y ~bet MH u~d ena~q~p~ deb~ tM~~Won b~carr dw ~nd par~bl~ fathw~tA.
9. U i~ twd~r co+aunt~d ~n~ •9r..d br u~d par~~~. ~M~ ~n ~he wee~t ot •~ui~ M1nq im~'outed ~o fu~ctw~ M~~ e.wnp~q~. ~M Ma~p~pe~ slu11 b~ ~nu?t~d ~o
pph H~ny tim~ p~ndinq ~uth foreclwws ~~+it ro 1M cowl Mvinp ~wiad:ct~on Mawf ta ~M ~ppo:m~nen~ of • r~ceiwr ol ~11 and ~inp~l~r tM mwfq~q~d pop~rty.
~nd of ~11 th~ r~nM. ie~cwn~~. aol~fs, i~suef ~nd r~v~nw~ H+M~of, (ran wlufao~~rer swrc• der~v~d: ~nd tMr~~pon :t ia MreEy •,p~»ly cov~n~med and prNd
tluf tM cowt ~hall iaM~.ri~A ppoint ~~~c~~vN o/ said n+o.ty~qed poperty. •11 ~nA ~~r~qul~~, and o/ sucA r~nt~. ~ncoin~s. pol~ts. iuw~ end r~wnw M~~of. lrpw
wM~so~w wueu duived. wi~h ~M wwl pown and duties of nc~:ven in I~t~ c~sh: and svcA ~ppo~ntnrnt sMtl b~ ~nad~ by s~ch cour~ ~s • manN of itricr r~qh~
~o Nr Mwtp~yN. ih ~uu~saws. lepd rpr~s«+ut~vN or ~~s~qro. w+d witAoN nlae~+c~ ~o N» ~dwvxr w inadpu~cy of N~ wlw of ~M w~~Y ~eEy n+or~qaped.
or ro tM solv~nty or insolvency of tM Mortya~or. r+d tMt sucA rem. wofih. inco~, iuws ~nd r~vMws ~MII b~ ~ppli~d by sucA r~ctivN eo tM p~ymt~~ oi M»
nartp~y~ ind~bt~drnss, cwa ~nd cMrq~, ~ccuduq ro tlr adv of sucA covrt.
10. II ~ convey~nc~ ~hovld b~ nud~ by tM Nlwfp~ya of Nr pern~~ lwr~in d~scriped. or ~ny ~ tMr~ol. w~tMw ~M writhn coo~em ol Nw Mortp~q». ~nA
witho~~f ~~sumpfion in rputr faa of law bp tM q~antN of tM obliy~tion b th• Mortqaq» cruNd ~y s~id pranissory noN ~nd Mia mon~q~. fMn. and in ~ha~
~wnt. ~nd ~t ~M oWion of ~M Mortp~pN snd wiMaA nWic~. ~11 ~wwa o1 mon~Y s~cw~d Aer~by slult inrn~diatty ~nd concwnmly witA s~rch conwy~nc~ b~can~
du~ ~nd WY~bb ~nd in d~/wlt.
11. ihal in tM event th~ wMUats Mr~by maeq~y~d. a any part ~Mr~o/, ah~ll b~ cond~mned Md uk~n for puWic uM undK fM powr~r of ~inent dan~i~+,
~M Mortp~pN sMll Mv~ Nr rpM a d~nand rAar ~11 d~qn aw~.ded for ?M qk~np of a dam.9.~ w s.~d p~s~a iA.It E~ w~d ro N,~ Mo.~q~g~..p w M. ~mau.~
~Mn wp~id on Mia nwnp~y~ ~nd a~ dw opeian of Me INo.tqayM en~y b~ ~ppti~d ua«~ tlr Wy~nb (ast pay~bl~ tlwwn.
14. TM mwtq~yor Sind~ h~'nadf not to ~r~ct a pMinit ro b~ a~cr~d u+y n~w Du~IC:nqs on tM pr~w~ia~s lwr~in rnatp~q~d a ro add to a pe~~nif fo b~ ~dded
ro~ny o} fM ~ai~einp impowerwna eMrwn w mak~ any ehanq~s a ihsr~tions in uid irnprove.n~nh wA.eh ~rtrullp eh~np~ rh~ sarn~ or ?M vs~ ~Aww/, w~H~out
IA~ wrin~n eoro~M o( t1» AAwtp+qN. snd in IM ~wnt of ~ny violuim w~ttanpt a v~ot~N tAis ~r;p,luian M:s ~nor~p~q~ and ~~I suens see~r~d 1~~by sMll
nrdi~tely baa~r du~ ~nd colt~a~bh N tM oWion o( ~M Maty~~.
1~. It i~ ~p~cif~ulty ~we~d tha~ t~m~ is oI tM e~s~nc~ oi this comr~ct and ~Mf no wa~v~r o~ ~ny oE'.ya~an herwndrr a ot ~M obhpsno~ senr.ed Aer~Dr ahall a~ ~ny
tim~ b~ Mld a~~ waiver of Nw Nnrp Aerwf a of Hr insrrwnen+ ~ecvr~d h~r~by.
11. I( fa~closw~ poc~edinqs of any s~co~d monp~g~ a s~cond uuaf d~ed or anv iun~o. I~en of any ki~d sl+ould M in~~iw~~d. ~M Mw~q~se~ nur. a~ ~es ope~on.
ir~d~+t~ly or tMrNfte? declue ~hi~ mortq~q~ and ~M ~ndebf~dnsas secwed Mr~by dw ~nd p~y~~l~ fa~Awi~h, ~nd .n~y a~ ip op~~on p'OCNd ro(w«lo~• thia
rnWfqip~.
13. To tM ~at~t of tM ind~bNdn~ss of the Mw~qapd b tM Mar~yee dssn~Ded Mre~n a secured hNtby tl+~ Mortp~pe~ is I+ereEy suWoq~~ed to rhe I~en w
liens ~nd to N» riqAts of t!» ownNS a~+d Aolden Mereof of exh ~nd ewry ewrtq~pe lien a o~Mr :~cv~nb~~nc~ on th~ 4nd dncr~bed hertin wAicA i~ p~id and/or
s~tiafi~d in wAob p in pxt o~t o/ tM ~roceeds of tM loan descr~bed her~in a sec~red Mr~by, and rM nspect~v~ {itns of sa~d ~nw~~9es, I.ens w aher ~ncumbances
ahatl b~ and tM. wr.~ and each of tMen Aereby is ptsmed and s~all paas ro~nd M held by the Mortq~qe~ Fw~in n tecwity (w tM ~nd~bMdneaa to tM Maty~qe~
her~in described a Aereby secwed, ro tM saen~ e~tent tha~ it would haw been preserv~d snd wo~~d haw been Pasa.i ro ~~d been Mid by tM 1YbnyayK Md it Eeen
d~ly and repul~rk ~asipned, trans/er~~d, s~t ovu and dtl~ve~~d w~to the Mortq~qee by sepu~t~ deed of ~asiqnm~nt notw~tAsraf+d~np ~M f~c~ M~? tM s~ma rn~y be
s~tisl~ed ~nd unc~lled of ncad, it beinq tM ~ntenf~on of tM puties he+eto that th~ sarn~ w+ll be s~t~sfied and c~nc~lkd of recwd by rhe hol~cn tlu.eof ~t d~'rwt
tM tim~ of th~ r~cpd~nq of th~s nwr~9aye.
16. io par all ard s~~guls• ~he coey. c~a.gea and e.penses. ~nc~..d~n9 lawyer's fets. reasooabtr •ne.•red w prd ar anr f~me try rrte Morrqaqee beca~~se o( rhe
ia~twe of Me AFw~gaqor ro perfo~m, cwnpt~ wnh and ab~de by ex~ a~d every rhe a~~p~~anons. sq.ee~re~~s. coad~~~ons. ~~d covenany of ~a~tl prom.sso•y note and r~~s
deed. o. enhe~, and evcrr such p~ymen~s shall bear .nteres~ Irom dare sr the .afe p.ov~ded ~n sa~d prom~sswy nore -
17. WhM My wnounr of mon~y to b~ p~~d by tM Mor~paqw to Nw Mortyape~ vnder tM terms Mreol sMll b~ in defauU, w should tM Mortysyw def~vlt in
any of ?Re orher fern~s, povisiwa w cond~tions of tAis Mw~yaye, thtn ~ed in thar cas~ rhe Mortgagc~ sAall Mw tM riphf, wi?Fw~f noe[ce ~o fhe Mw?gsflor, to
collcct ~nd receiw from ~ny ten~nt w{~ssM of s~id mwtyaqed weinises IM ~tms, i~tup and prof~ts of fM r~~l esNt~ hereEy nwrryayed and ~M ,mprovemenh
ti~ereon, and b yive poper receipts and xQuittn+cea thereiw, and after p~Y~ny all com~n~ss:ons of any r~bl ayenl colkctinq tM sam~. ~~d any rasonsbl~ a~eorn~y's
fees and otMr neceauy •:p~ns~s incvrred in collsctiny samt. to apply IM proceeds of such colkct~ons upon any indeMed~esa, obl~g~t~on a I~aDil~ry. of tAe
'i M{atq~pw hereunder. ih~ riyAt qr~nted the Morty~9ee undtr Mis papr+pl+ sAall be in add~t.on to. ~nd shall not I~mit w rphiU, My otlxr ~~qAI w r~qAts qr~ntsd
; rh~ Mortp~~ in Ihis Mortpap~.
~ 18. IE tM Ma~y~yas the t:m~ of mskinp this Mwt9i9~ w a~Espwnt ~Acr~ro tak• o~t Lt~ insuranc~ deiiqnat:~q th~ Mwtyapay hcre~~ ~s beneliciary w~th a
j compinY +ppoved by th~ Abrty~yM a ~sa~pna policip to fM Mortqaye~ fw th• purpose o! securiny tM mortp~q~ Iwn herebY searred, then tAs lMotlq~qee aMll
have tl+~ riqAt to paY iny p~+niuen ~ecrving under said policip. ~nd ~11 suma so eapended shsll M adaed ~o and becarN • pvt o( tM p~incipal indebtednesa secwed
! by thia Mottyay~ and shall 6e p~id bp tM Morrq~yw to fM Mofiyayee in twtlw eqwl consec~~~ve nwnthly insbllmenn. tl+~ first moeuhly ieisHtl/nent to be ps~d ~s a
! p.~r of end in ~dd~tion ro~M monthly paymen~ dw ~nder this M«t9a9e in the fint ulendar mon~h follow~nq tFN ea nd~
pe nq ol uid sum. S~ch ivms so e¦pendee
~ ~o bear inbrpt at tM raf~ at wAich interpr is payable tipon said pincipsl indebteMeas and IM Gen of thia Morty~ye shali eafcnd to ~nd aecvre tM. aums ~o capcndsd
eoge~Aer wirA i~ter~sf ~Mreon as here~nb~fa~ p~vid~d.
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~ 19. Tlwt together with ond ie additae fo the aw~e~~r ~r~~r of principol and inte~est poyobls under fhe terss of tbe note secured herebr. Mortgogor
shdl par b Mwlyoye~ eoc6 ewnth unti) wid nole ia fully poid, one-twel(th (1 /14) of o suw eqool to ~IN 01UIYOI Pfl1111YI11 due For fir~, e~tended corerage,
~ ond otAe~ Iw:ard ins~rance coverin9 fhe nartgoged properqr, plus taaea ond ossessmenh ne~et dve ow the ~or~op~d propery (dl m estiwa~cd by Mortgogee)
~ leu oll wws dreqdr poid there(or, and to b~ dividcd bp ~he number of nwnMs b dopse prior to tM dale w n wch twn ond osse:smeets sF~oll bccoine
~ deliequent. Said suws shdl b~ 6eld by Mort9oyee in twst or oedited to the principd ot thc foon, to pop soid iasuronc~, taa~s, ond essessw~enh ond sholl
~ be opplied on ihe poy~ent tl?erwf wkee due. Mr eacess held in hust br Mort~oyee vrhen wid loon is poid iw (ull sboll b~ poid to Mort9ogor, or his
E auigns. or personal r~presentati~es. In tAe e~em of a defouh w forecloavre, aoid suius 6eld in t~ust mop be opplied on unr cusy ol damoges wstained in
~ connection with tbe collection oi tbe nole sec~.ed Ae.ebr whether br s~it, (orcdos~re, a otherwix. Mwtyogee ~ar (roa tiwe ro tia~e o~ ih op?ion wa~~e,
~ ond oFter any such woiver, reinstate onr or oll prorisions Aereoi reqvir:ng sut1~ deposits. br notite to Mort~oyw in ~riti~~. While anr such woirer is in
~ effed, Mo~tyaS~or sholl poy taits, muaunents and inwwnce preiniunn os herein eluwhere prorided.
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~ IN WITNESS W~IEREOF, tM iaid Mortq~pa hern.nto ub his hand ~nd s~~t this rM dar ~nd y~ar fir~t sbov~ wntt~n.
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i S~pRed, sealed snd ddwered ~ ~ (SEAI)
+h~ a.s~M• or: , SALV TORE A I
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" l~YL L . 5~~~ ` . . ~S~A~~
- RIA ARCUNI
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