HomeMy WebLinkAbout1745 6. To M?tau~, compy w:d~ and +~id~ btr ~nd w~ey ~t~p,4uan, pr»~na+M. ca+d~~~ona ~nd covN+anr~ in u:d p:owr~t«~? no+~ N+d dNd ~N fa.~A.
7. If ~ny of tM ~wm of inerwy l~~in rd~n~d M E~ nw p!~1y ~nd fully wid wi~Ain Nwr~r (~0) d~y~ n~,~ ~1~w ~M wM t~v~r~lir Mcony ~ u~d wr~b1~.
a if N~ .w~d ~vMY tA~ ?tipul~~ipy. +9rMrMnN. condi6aM. fnd~ catiMnn o1 Nid pr~whsory noN ~nJ Mi~ ti+or~qap~. w~i?Mr. r~ na duh opfa.n~d, co~o6~d
wcth ~nd spid~d b11. tM pp?pah ~ww nNn~ion~d i~ ~aid wwdworll no» sMN ~.coen~ dw and wr.bM 1w~~wiiA 01 MNNIIM tM uW:on o1 ~M Mw~p~~.
a hdN M+d cannNNN M If f~id ~yprp~a sum of ~ey wW ori9ieally Hipvb~~d ~o b~ paid on such d~Y. ~nythin0 in .~id pawi~wry npN a Mnin b ~M
conh~ry non~rithcnndi~p.
1. io d~livM 1o Nid Mort~yN, on a b~Iw~ MucA 1S~A o1 ~A Y~w, t~¦ nc~ip?s w;d~ncinQ fM qr~n~ ol all I~wfully irwpo~ed baM fa M» pr~c~di~+y ,
c~Mndn ysu, b d~livw b s~id Monq~pN, ra~~p~s widw~cinp ~M wrT.+~~ of ~N li~m for qblic iw~provu~nb w~thin nin~?y fVG) d~ri s(N~ ~M ~MII b~co/m
dw and p~y~N. ~nd q qy a di~cMrq~ wirAM? mnNY (00) d~ri ~fNr du~ d~N. ~ny ~d ~G povNn~n41 I~vin tM~ ~r b~ awd~ on Na ~naW~9~A propMy.
on ~Au ~natap~ o? noN. or in any oMp w„r nsvhinp haw tM Mortp~y~ indbMdnn~ ~~cw~d Ap Mis e~wr~p~q~: ~nd ii tAis ca~d~tiow b~ nw con~pli~d wbA ~nd ps~-
fornwd. asid ~ww~WpN ~.r ar wch ~ww e? wwa whicA J++11 D~con~ p~ oi d~M acw~d by M:s ~w~y+p~. w~d ~11 b~w inhrwl ~t M~ r~N o1 ~i• pM c~n~.
l6%) vM MY~bN un~i-Nrwdhr w+Hl psid w wid IMatp~pN ~Y ~hti MN uid rnw~p~~ d~M tMnupon b~caw~ Ou~ ~nd p~y~EN fwMwiM.
9. It i~ funMr cown~+r~d M+.i ~qrMd by s~id putiti du1 iw ~ht ~weH of • sui~ M~np imuw~~d w fw~c?os~ N+7s ~wrp~p~. M~ Mo.~payM iMll E~ auiH~d a
woh N a~y tinN qndeq suoA for~clww~ wif b dr ewrt IyvMp Iw3adidan M~rwf (w t!y ~ppointm~M of • nc~ivK of ~11 ~nd s~~4r tM mor?q~p~d popwty.
:nd eI dl ~~h, incon~, poiiq. i~sua ~nd nvMw~ 1hK~d. from wA~bo~ ~owc~ d~riwd: and N+K~upp~ i1 is Mr~by ~,pM~ly cownr++ed end prNd
el~a~ ~M ca~w~ ~hall fwNwviM~ ~ppo«a • r~iv« of wid iworrp~p~d prow~fp. sl! ~nd ~Mp~.. ~nd of sud~ r~nn. incoeMS. pof~ea, i~~ snd r~wnw Nwwf, froni
wMMO~w wura dwi.r~d. wi~A N+~ wwl ooww~ and du~:~s of ~~c~iv~n in lik~ u~n: ~nd sud~ +vov'new~rM ~MU b~ ~d~ M tud+ cow~ a~ • n+~ra. d sM~ct ~qM
ro N~ Alorty~qN. ib iuus~w~. IepN ~p~wr~~tliva o~ ~ui9ns. ~nd withoW nfw~ ~e N+~ ~dpvicr a iMd~qiacy ef tM wlu~ oI ~M woo~Y ~~bY ~*onW9~d.
w b ~M wlwecy o~ uuoW+MY of ~M Morty~pw. ~nd ~M~ ~ucfi r~nt, wofiM. inco~, iuua w~d nv~nuw ~A+11 0~ ~ppli~d A~r sud~ nc~ivw ~o M~ p~ynNn~ o} N»
n+onwy~ ied~bMdrws~, co~b ~nd cMryw. ~ocordieq a th~ adu of ~ueA eou~~.
10. If ~ oaw~Y~ should b~ wwd~ by d+~ Mwp~yor eF N~ ~xae~w~ Mr+in dnc.~b~d, a ~nY wN Nwwi. w~tAaA ~M vwin~n cawn~ ot Nr Mortp~pM. w~d
witharl a~wn+Ption in nqu1M fora oi 4w by tM yantM o/ Nr aW:~tion b M~ Morp~q» ue~hd ay tad P~wwi~~aY aeN ~nd Mis nwn~y~. Nwti a+d in IA~t
svrnt. and ~t MK op~ion of tM Mor~p~p» ~nd wiMa~ naic~. ~11 awes d a~omt? s~aK~d I+Kebr J++!1 iw~Qiw~ly tonew?~Mly w~M sutA convwanc~ b~caw~
du~ ~nd p~y~bN and in d~twh.
11. iMt io N+~ ~rent N» P~~s~s Mnbr ~~9+9d, a~nv v+n ~Mrwt. aMtl b~ conoe~3 and tat~n fa puWic w~ w~da ~M powN ol aarwnt dan~in, ,
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~M Morty~~ sMll Mw IM rqM ~e d«w~d tMe all d~wrq„ ~wnd~A 1or M» r.t~ of w d.~,.y~.. a s.~d w.+n~s.. ,A.u e. a;d a M» µo.~y.~.. up a M. .maM~
M~n unw~d on thi~ +no.~p~ w~d ar dr option of d,~ llAono+w~ Tw b~ +oa~Nd ~rooe tl~ p.ynwnq 4s~ pay~N d~.~on.
12. 7M n~orfp~yw bind~ Ainu~tf nof b~rM w VKnwt b M e~~ci~d ~nY ntw bvil~~ on YH~ WNnisp Mnin nar~y~pd o? b ~dd M w DMnut to a~dd~d
ro+Mr o! 1M uiNinp improv~n»nn rMr~on or m~k~ ~ny ehaeepp a ~Ih~Niona in s~id inprw~~nM+b wAieA nu~~alb elwW~ 1M sanw w ~M us~ ~Mrwf, w~Mou~ ;
tM wriM~n cons~nl o( tM Manpp~. and in 1M ~wM of ~nY vio~~t~on a~nNnpt ~o v:ot~» tl+ia sriput~~ian Mif +wortp~y~ and all wma s~cw~d h~r~ly ~MII in~
msdi~Nlr b~tenr dw and cdl~ttlbl~ N tlw option of d» Mwty~p». . . ~
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13. lt is sp~c~fi~lty ~yr»d IMt tier :s of tM as~nc~ of Mis tantract and tM~ rq waivq o! f
•enr op';p~fion Mr~undM a ot tM osl~y~eion ~~cwed h~rebr sha11 any
rinw~ E~ Mld a E~ ~ w~ivrr of 1M Nnns Mrwf w o( tM insnw~wM s~cw~d I+K~by.
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11. H fwatosun w«Md~pa oI any s~eond n.or?9w+ o? s~eond tnnt d~~d or ~ny iw~ior INn of ae+y ~ind shwW E~ :mtitvtid. H» Mu~D+sw ~Y. a~ in op~ian, i
imrnediaNly a Mrredt~r d~clan Mi~ mwtq~y~ and ~M iedebbdrws wcw~d Mr~btl dw ~nd O+r~Eb forthwiNy ond ~I ~t ih apt:oe aoce~d to (or~cbw M:s .
mortp~p~. ~
13. To tl+~ ~ahnt o1 tM inebW~dnas of +M Morty~yw b Nw AAor~p~qe~ d~sv~b~d lrrein a secw~d A~reby ~M Mwtp~pe~ is her~by suboy~i~d a rhe f.m w ~
I~~ns ~nd to Nw riqhb of ~M ownMS ~nd hold~n ~hpwt o/ e~cA ~nd ~wry ~nor?y~qe I;en or o~Mr incvr~ranc~ o~ th~ bnd decrib~d her~in whicA i~ p~id antl/a
uri~fi~d in w1+oN a in p~rt out of tM P~e~ds of tIr loan descriMd I+er~in a s~cwed hNe~Y. +nd Nw resp~ctiv~ lian of ~id na.~v+9~s. li~ns a aha~ ~ncumb.~aea ~
a.~ull b~ ~nd tM_ un~ ~nd ach d fMm hereby is was~eved and sMll pus 10 ~ed M MW ay iM M.arpaqN Ar~:n p s~cvriry for dw :nd~bwdryu w tM Mw~y~qM
Mr~in desc~ib~d a l+ere0y s~cw~d, ro rM ssn~ eatent that it wovld Mw been pnst~wd and Waild hav~ bten paawd w u~d b~~n h~ld by tM Mor+p~qw hsd it been ~
duN ~nJ rpularly assiqrNd, I~uufMr~d. s~t ovu ud deli.:,~:.: ~.-.:a t9~ Mor~y~g~e by ipu~» dr~d of ~ssipern~nt notwiMn~andieq tM ixt tMt th~ s~nw +nay be ~
sai~~l~~d and c~lt~d o( ncwd. it be:nq tM in?e~e~on of t!r p~rt;es Ms~to Maf N~e s~n+~ w~ll b~ s~tiafi~d and c~nc~lld of recad Sy ~ holden ~Mnof ~t w about ~
rM r~n» of ~M r~cwdny of d,is ma~p~g~. ~
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T6. io par-+~~ +~d ~~nyvli. Me cosrs, cnuqes ~nd e•pemes. ~nctud~nq lawyer's (ces. reasw+ably ~ecorred a pa~d a~ ~ny a.ne ~y ~~e Mwrg~qee, becavu of ~he ~
fa'~.c of rhe AAp~yayor ~o pcrfpm, comply wiM and abde by ~xA ~nd e.«y ~hc a~~pu4bons, aqre~menrs, cond~~~a+s. ~nd covenanb at s+~d prom~iaery note and rA~s 3
a~ccf. o~ e~eher. and every such p~rme~~s 1M11 bear 1nt~~ese i~an d~ee ar eAe •are pw~ded .n said wo/msswY no~e. Z
ti~. wn«~ .~y a~w»y ro e. ~.~d ey d,. Mo.~9.90. w+~+. Mo.~o.q.. w,d.. d+. r..,~ ~+...or .n.u b. M d.i.~. « shoold Hn Abreq~pw drfwh M ~
eny ot tM o~ tsrwu, provisiur ar condirioro of tbis Mortpaqs. M~n and in tha~ ca?~ ehe M«~q~qe~ sha11 Mw tM ripht, witFw~~ fqtK~ ~o ~!v 1~1w~ya9w. a f
col~M ud reci~w 6om any I~en~nt o? hn~ of s~id ~noHp~p~d preinSs~s tM r~nh. iuws ~nd pofin of Nw rwl pt~p he~~by nwrtq~yed and ~M ~rnprovemenb
rMra«~. s~d a yiw pop~r r~c~ipp and~acquinwips tM?~iw, a~d afrer payirp ap comm:ss:o~s of ~nY r~m~l ~p~n1 collecfinq tM same, u~d anY raaonaEle nraney"s -
f~ea ~nd oNwt ntceasary ~:p~ns~s incvrred in coll~ctieg ss~n~. a appM tM poceeds of suth collectiona ~Rwn any i~deb~6KSa, obliyatan w Ii~bility, oi me
Morfy~qor hare~w~d~r. TM ripht pu~ted tIr qAorp~p~~ u~d~r Nws parsqr~ph shall b~ in add:t~on m. ~nd shall not limit or rtiMict any aher s:pAr a r:pilb yraetcd
rr. Morfp~y» ;n M;s Mo?rp~p~. k
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18. If ?M Morrp~q~ws s~ ehe t'arr of inek~np this Morlypr a suEy~r~nt ther~ro bk~ wn lil~ imwa.+c~ des;pn~t:np M~ Mortq~qe~ ~hereie u bene(iciary wiil. ~ a :
companr +vwuved by Nr Morty~pM w~asivr oe~Kies ro tM Nbng~~ ia fh~ vurPes~ oi sec.w;nq ~M inortyay~ Iwn he~eby secwed, tl+~n fh~ Monp~qe~ Jw11
hive rM ri1t a P+Y +~M D~e~niwn +ccrwrq undrr s~id Parciw. ~+d dl swm so ~sp~nd~d aha11 b~ add~d ~o and b~conr a pn of Nw Mincip~! irdrbted~ss s~cw~d
bY this Mortqaq~ and ~hall b~ pald Ey ~ Matq~yor b tM Mortyaye~ in fwelv~ pwl consa~c~tiv~ monMfy :nstslM~wnb. ~ Iint mw~d~ly irot~lbrwnt to b~ p~id u a
par~ of tnd in ~Iddrion to tlr monMly p~ymuN dw unde~ this Morty~q~ in tA~ fint ulendar 1nonth foJlow:rq Nw •:pMdieg of said suen. Such sums w eape~ded
~o besr ~nt«eat af tlr .a~s af wfiich iwfereu is paY~ W«~ stid Dre+wWl lndeb~edness ~rd t1~ ~~en of thia Morty~y~ shall ~¦fand b ~nd s~cwe,tht xwn~ so eapended
roqe~he? wi~h ipNrat tfw~on ~s Aer~enbslw~ w~vid~d. ~
i9. Thaf 1o~et!»r wilh atd iw odd'diow b t!r sowthlr por~M of principal ond inlerest popobl~ wd~r N~e ter~s d tbe note sec~red Aerebp. Mwyoyor
shall por to MwtpoOs~ wci~ ~on16 w~ti sdid noM is frHp paid, owe-tirelftU (1/12) d o ww p~wl to ~ on~uol pr~w~irw doe for f~.~. e:~:nded co~eroye.
ond ofAer Iqmrd ipwroac~ oonriwy 11» ~wtyop~d prop~rryr, plos tones ond os~ess~wts n~st dw w tl~
' wo~po9ed PropNf~r (oll as Mfillwted bp Mortyo9eel
i Iass atl w~? ol?wd~ ~oid 1?er~Fw, owd w b~ di+ided.b~ ttN uwber of wa~tds to ~lopy pr;or b/M doN MrMw wd 1o~ea-awd oswswnb shall becoiwe
definquent. Soid w~ws sMoM b~ Aeld b~r Mwtpopie ia hust w a~dited to ~be pri~cipol o( tl~e loow, to pojr soid iwwrww. rous, awd wsesarnts ond sholl ~
' bs appliud oa Nr por~wnt 1lwrwf wlrw dw. Mr euess Iwld i~ hwt bp Morqope~ rrben soid loon is poid i~ frM sAal) be poid b Mortyopor. o? I~~~ j
~ cssiyns, w penowd r~pr~estotives. Iw fM eren~ of o defovlt a foreclosun, said w~s 4etd in Mvst iwp b~ opplied o~ awr oosb of dowwyes sustaised in
connectiow ~ritA Itw coq~ctio~ of tly eof~ s~cored IKrtbp rrbetber bp svit lw~closrr~, or WwerNise. Morly~~ ~oy fro~ tire b ~i~e a1 iri option vroire.
i ond affer oi~r.src6 ~roiwr. ?eiwstoM ~qr p? d1 prwriiw~s hereol r~quiriny wcA deposils, b~ wotic~ b Mwt9opor iw rrritiy. M/6~ any such wrai~er it in j
i effect. Mortpo~pr sboll pq toap, oss~ss~ey ond insurance prawi~wis os i~e~eie ~Isewhere pmrided. ~
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IN WITHfSS W'IECEOf, tM sNd A~lo?Iq~pp Mtw+nM wta hif h~nd and se~l this /M dtr ~nd yw finl ~bvN wriM~n.
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Sq+red. ~ealed ~nd delivered . ~ 4~~!`Ti.`~ Y - - . . (SfAt) ~
~h. o•~.~~. WILLIAM P. GAY RD ~
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ALEKSANDRA GAY ,bR~ =
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