HomeMy WebLinkAbout2160 0. Te pMfan~, canph w~~A u~d .b:d~ br ~~cA ~nd wwy u:pv4?w.u. aprwmMes. cond~~on~ ~nd cov~n~nn i~ ssid wan~awY m~~ ~nd dNd sN taM.
7. (f ~ny of 1M ~vnr of motwy ~N~i~ ~~1«r~d a b~ nol poa~O~lY ~~d fulh Wid w~~Ain M:rtY q0) d~ri n~¦~ ~I~M ~M sa~ns t~v~r~1lp bao~ d.N ~nd WY~bI~,
w il Nch a~d ~w~Y M» piovl~tiaw. aqr+~nrnb. condtio~u. and cown~nn o1 ~•~d p.ow~csw~r noh ~nd Mi~ n~atW9~. a~~rM~. K~ na d~h v~.fa~d. cw~w1~M ~
wiM and ~bid~d by. tM ~yp~pat~ {VT m~n~~on~d in sa~d promiawry no~~ sMll b~ca+» dw Md p~y~l~ (aMw~~A or tMrwfr~r p tM opoon of ~M Mortp~qM.
sa fvlly ~nd caw1~ly a if uid ~yqrp~p ?w~ ol Torwy w~~ a.p~n~lly ?Iip~IH~d b b~ p~id on ~~cA d~y. ~ny~A:ny i~ said powiuory noM w AN~in b 1M
contnry notwidyl~ndinp.
a. To delivM b s~id Mortq~pM. on a b~fa~ N4rcA ISM of ~~cA v~u. ua ?ec~lpa widinci~+y tl»;p~y~Mn~~~ll I~w(vlh in~pos~d NaN fa N» p~c~d~nq t
c~tM+dr y~ar, b d~liv« b Nid Monpa~, r~u:pe~ ~vidwa~np N» paya~m~ of ~11 liens la publ:c iA~pev~n~nb w~ i+.M~y ~90) d~y~ ~Ih~ tM ~u~ aAall b~can~
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dw ~nd p~y~SN. ~nd b p~Y « di~cMrp~ wirAin ~in~h (90) d~y~ aftM du~ d~t~. ~wy ~+~d ~II povNrrn~nul I~vi~s tMt nuy b~ nwd~ on 1M mwtp~q~d propMfy. i
on Mit morp~p~ w noN. w In ~nY o~1~ w~y r„~hlnp fraw ~M Mo.tqap~ ~nd~s~~d~wu ~~cw~d btr N~s /na~9+9r, ~nd i/ ~AIs condition E~ ew cwro~~d w~el~ ~nd Pn. i
fa~d, uid mor~9+p» nur phr wcA su~ w~wm wAicA ~1ull Mcaw+~ oM~ of M~ d.be «cwed by N,~. ewr~p.q.. ~nd sMll Oew inNr»f a~ tM r~p ol sia pN c~nf. j
lA%) pa ~rw~n, p~Y~b1~ Newi-ww~llr until p~W p slid Mwtq~y~~ ~Y ~Net M~I ~~id ~norty~Q~ d~bl tM~wpon E~eon» d~» ~nd paY~bl~ /aMwitA.
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9. It is iwthr co+~nu+ad ~nd ~gre~d br said partfee ~M~ in ~M ~v~n~ of ~~vi~ b~inp ins~~eveed ~o Ia~ctoq Mis ~na~p~~. ~M N~w~p~~ ~1u11 b~ ~e~id~d ~o
+DDh tl any tin» P~ndi^9 ~uch ia~cb~ur~ wi~ ro tlr cowt Mvinq iuri~dlc~ion M~.wf fa ~h~ ~DPa~~nKn~ oI •~~c~ivN o1 NI ~~d ?inq„I~r NN Tu19+Y~d W~~Y. j
and d dl fM r~n». Ir~cwn~~. pro(ir~. isi~es and ~ev~nw~ Nw~o/, iran wMhoew~ ~owu dN~wd: ~nd ~Mn~pon ~t i~ Aw~EY •,p~s~N covenaroed and prNd ~
Mat tM coun J+all fa~hw~M ppoi~u • nc~~vw ol wid rnwtp~p~d pooerty. •11 ~nd ainqulw. ~nd ol sud~ r~nb, inco~ne~. pofits. i~sw~ end rwenu~ tMrw1, i~an
wMtw~vM sowt~ dNived, wi~h ~M u~wl pow~n ~nd duti~s of r~~wro in 6k~ usy: w+d such appo nt~nl ~MII b~ e,ad~ by sucA caxt ~s ~.nsnN d~Mic~ npM ~
ro?M MonyapN. iM wusaon, Ip~l rpns~nutiva or asuqn, a~d wi~hou~ r~fN~nc~ ro N+~ ~dpuxy « in~dMu~qr of N» v~lw d?Ir wop..y !».~by inonp~p~d,
a q ~M wtvy~cy er in~olvenc~r oi M» Morfp~pw. and Hu~ svd+ r~M. aolib. incom~. issws ~nd r~wnws ~MII ~ li~d fi
•DP ~~utA tKliwr b NM wYenem of dN ~
nWIfQ~Y~ u~O~ONWMH• CMb Mb tM/pM. KtO~O~e~q M 11M WtlM O~ iuCh CqXt. ,
10. If ~ convhrano~ ahould a nwd~ by N» Maroapw of N+~ pan~sw hK~:n dncribed. or ~ny p~rt dwnof. wi~how tM win~n cawm of eM Mortp~qM. u~d
withpN psumption in rp~lp for:w of 4w by tM p~ntN of th~ o0liQation b M• MwtqapN cr~~~~d bp said pawi~wry nW~ ~nd Mis nq~tp~p~. ~Mn, w~d in MNt
~v~.n. ~nd ~t Me opeion ot tM Mwtp~p», p~d wi~~ nWlc~. dl swm of mawY ~~~d M*eM ahatl inrn~di~t~y ~nd tontwnMlp with sucA conwY~nc~ b~cwm
du. and ar•bl~ «~d tn d.fwh.
11_ il»t i~ Nw wen? ~M pani~~s Mreby ~nwtq~yd, a~ny p~rf ~lwrw/, sh~ll E~ condemned u+d uk~n ia p~Wic ~ undp Nr pow~r ol ww:n~~t dwn~in,
rM Mortpp~~ aAall Mw Nr r:pM a d~nd ~M~ ~11 d~aq~s a~rNd~d fw eM ukinp of a da~y„ a wid p~nisa sMll b~ pa~d a tM 1Morfq~qM up ~o tM ~nw~int
tMn wpaid on N~ia warp~y~ ~nd N N~ uolian oI tM AAatp~yM m~y b~ ~ppl:~d upon eh~ P~r~nb la~ Mr~EN Nw~on.
12. iM mwfy~9or bind~ hin.stl} not b NM w DMinil ro b~ «M~d ~nY n~w b~~ldnq on ~M w~i~ Mnin nar~y~yed or ro add ro a v~rn7f ro b~ ~dded
ro•ny of tM ~si~tinp i/npro~rwnh rlNr~on or m~k~ ~e~y eMnq„ or ~I?~r~~ions in u~d impo•e~nb wluch nrbri~llp eh~np~ Mr ~a~ « ~M us~ tMrwi. w~Mow
rM wrin~n cpn~nt ot ~M Morfq~qN. and in tM ~wnt of ~nY vio4tion or ~nemW ro viol~N IAis f~~pul~t:on tlrs nartpay~ ~nd ~11 sums s~cw~d hw~by sMtl iT-
T~~If~y ~[WM I~M Mfd CO~tK~i~~ it I~N OQIfOfI o( I~N MOfI~~~.
13. It is sp~cif~uttr ~qre~d tM~ tim~ is of tM ~ss~nc~ of M~~ con~rac~ ~nd tMt iro w~i.n of anr ob!ipnian Iwrwnd~r or of tM oblipation s~cwed Mr~br shall ~t anY
r~rr» ~ Mld a b~ a w~iw oi tM tanm Mnof or o[ fM ~rutrwnen~ s~x~d I+er~by.
14. Ii ianclosw~ procwd:nys o/ ~ny s~cond mo~tp~q~ a s~cond trust de~d o~ anY i~~a li~n of ~ny tind should C~ :ns~~?vNd, tM Mor~q~tee nuy. M ita opt~on.
~mm~diae~ly a Nwe~lfer declK~ this rmorfp~p~ ~nd M» irdeW~dra~s s~cvred Mr~py dw ~nd p~r~pl~ faMw~~h, ~nd m~Y u ip opf~on Proceed fo faectas~ th~s
mortp~p~. .
13. To t!» uqnt oI ~M ind~WedMis of ~A~ 1Nortp~qa a~M Morty~qN dnu~Md he~e~n a sec~r~d AN~by ~M Ma?p~pe~ is hereby suboq~~td ~o tAe li~n a
I:ena ~nd w 1!w riyhp o} tA~ ownNS ~nd holdas MKeo1 of ~acA and ~wry rnor?qape I~en a o~ incwnbranc~ an th~ land d~scriD~d her~in vrhicA is p~id ~nd/a
satia}i~d in wlql~ or in p~rt pn oi M» poceeda of tM lo~n describ~d herein a secured I+NCby, ~nd th~ reap~cnw I:em of uid rnatpaycs, liena a aAe~ ~ncvmbrances
i?uIl b~ ~nd th~. s~r.~ and wcA of tMm hereby is pr~aerved and aA~ll pa~s ro a~A b~ Mtd by ~he /Mor~p.p.~ Iwr«n as s.aw~ty fa Mr indeb~An~ss ~o tM Mor~p~qw
her~in deacrib~d w he~eby set~red. ro tM sar.w e~trnt fha~ ir wovld Aav~ been pres~rv~d ~nd wa~ld Mv~ been p~asei ro~d bean M{d by tM Abrfp~pee hsd i~ been a
duly u~ rpularly ~asipn~d. nanafc~r~d. sN owr and d~livar~d umo tA~ Matpaqae by ~epar~t~ de~d o/ ~asiqnment notw~fhs~andiny tM fM ~hat tM sarne m~Y bc
:ar~sl~~d and c~nc~lt~d ef ncwd, ir be~~p tM inte~tion of tw pa~~i~s hereto th~~ M~ um~ w~ll be s~tisfitd ~nd c~nc~lled of ~ecad Ey el+~ Aolder~ tktr~of ~t w abo~t ~
tM tinr ot tM recadi~q oi thn mwtp~q~.
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16. io wv •tl +nd s~nq~la. ~?+e coses, cha.qtt aad e.penses, mclud~nq lawre•'s lees, .easo~ablv ~ncurred w pa~d any ~~rae by Me Abrrqiqee. beca~se of ~he ~
~e :..re o! rfie Mw~qaqo. ~o perfwm. comPly w~th and ~b~de by exh and t•e~y ~he fnD~la~.ons. aqreemenrt. cond,t~ona. and covtn~nq ol sa~d prom,t1ay ro~e and ~h~s ~
ceed w e~fhe.. ~nd we~y SutA p~ymMls shatl Eeu ~meres~ hwn d~re ae ~he rarc o•ov~ded- ~n sa~d qom~sswY nore. x
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17. Wh~n ~ny ~t of mpwy te b~ p~id by N» IY{ony~qor to d» Mortp~qe~ w~d~r eh~ terms hpwf sMll b~ in d~fwlt. w sAould ~M Morrp~pw d~fault in ~
any of ?M oeher terero, povisioro a conditioro of Mis INortppe, thM ~nd in thae us~ eM M«ryar,e~ ~ha11 Mw tM riyhr, withovt nor~c~ to tM Nbrf9sya. to ~
:oitetl afld rlCfiw frpR1 any NMnf p I~s?M O~ faid mMiq~qfd pe~nisM fIM rMts, iuvlf ~nd po(its of IM rwl qtal~ h!?faI I~qflqi~ and MN improvtmtnts
thereon, and b qiv~ popq r~c~ipy u~d ~cpuiftancts /M~~(w. ~nd ~ita~ pay:nq all comm~as~ona o1 ~nY renql ~qent col{ecti~q tM ssme. ~nd anY reaao~able ntwney i
fees and oN+~r netessuy ~apwn~f incwred in colbttinp s~eew, b~pply ~M poceeds of ~uch collectiom upon ~nY indtbNdntss, obliqs~ion or li~bility, of tM
~ Mort~qw Mereunder. TM ?iqht qr~nted tht Mwtp~yN ~nde? Mis parqr+ph shall b~ i~ addnae ro. ~nd shall nW liinit a rMrict, ~ny otfiei ripht a nqhb q~med :
I ~h• MwtpayN ie~ 1F~is Mortp~q~. . `
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~ le. !f t!» Matp~qors at the tim~ oi rrukirq Uis Mor~pp~ a iubs~q~Nnt tA~rero Uk~ out lif~ insw~nc~ deaiqnat~ny tM Mor~q~qe~ herein ~s beneficiary with • {
i ~o^+o+nY ~DWOr~d bY tM M1wfp~pN a auiym policia to tM Mwtq~qe~ fa M~ qxpose of secwiny tM nw~~~q~ Iwn he~eby secwed. rhen fh~ Mortq~p~~ shall
~ have th~ riqAt to pay ar~y praniun accr~irq ~n+d~r said policies. ~nd ~It w.na se e:pend~d shsll b~ ~dded to ~nd Mcar» a p~?1 of tM princip~l indebtedn~ss secwed
s by rhii Mqp~p~ w~d sFrll be piid by tM Mony~go~ ~o tM Monqaqe~ in fw~lw epwl consecu~~.rc monN~ly ~euallmena. ~M lirsf rnonthh i~st~tl.nm~ to b~ paid as • -
i esrt of end i~ sddition to tM rna,My p.y~,w~t dw ~de~ thia Mor~qay~ ~n the first ulcndar monM follow~ny tl» •apendinq o1 ss~d svm. S~rch a~ms w eapended
~ fo beer :nt~rqt ~t IM r~1e ~t whicA inNrnt is p~yibl~ ~pon faid pincipsl indebt~Mess and tM lien of Mis Mwtysy~ shall ~alend to pid secw~ th~ sums w eapended _
t +ogeehx wilA inlerpf tlwean q heranbtfp~ provid~d-
~ 19. Thot 1o~~tM~ ~rit6 a~d in oddifiow b tM ~onNJy pap~enf of principal ond iMQfpf pOyOW! Ylldff 1he t~r~s d d~e eole secvred bereby. Moreqoyor
~ sF.ell poy b IMorlpo~e wcM wonlh u~fil wid note is ivllp poid, o~e•hrelft6 (1 / 12) pf o s~w eqyol fo tIN onnud prNwiv~ dve for fire, eatended co~nope,
~ and otber ho:ord inwronc~ wwrinp fhe wo~tyo~ed prop~rlp, plvs luaes ond oas~uwenb neat dw ow tlu '
~ less all wws olrwd ~d tAet~fu, owd ro be d'nGd~d °Of~°O~ PfOP~~Y (d) m nri~oted br Mortpoyee) ;
r po' if~r tAe nurber of iaonti~s w dopse prior to tIN dote wlNw wcl~ loaes owd atseas~en~s sAoll become
delinqwet. Said w~s sboN b~ beld br Morpop~e iw trvst o~ u~dited b tAe prinapal of th~ loow, fo pop suid iwswawq, ta:~s, ond asuaswrnb ond sAoll
~ be oppfied ow /M poyiulsf fMr~oF when dw. Anr e:c~ss held i~ hirst bp Nbrtpope~ ~IKe soid bon i~ poid i~ irll sAdl b~ poid 1o JNortyoqo~. or 6is
ossigns, or persond r~pnsewbtiws. In N~e toent ol o defovlt or fwedosure, soid w~s beld in hYSt w~op be oppli~d pw owr cosls ai dawwpes wsbined in
~ connedion with tM cdbcliow d tl~ no1~ secured IKrebp rrbetber br s~it. (uedos~n. w otber~ise. 1Nortyopee ~wp ho~ ti~ to tise ot ib option woi~e,
and aNer onr s~ aoiwr, reiwsTOt~ anr or dl p~o~isions hereol rpvirin~ such deposiri, bp notic~ M Mbrtyopor iw v~ritiwy. Wbile unr svch woiver is ~n
elfect, Murlyooo~ yi~d1 por tone~, ossesseenb ond inwrance preniuws as her~in ~Isevrhere previded.
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~ IN wITNESS Wr1ECEOf, ~M uid Monpaya he..~nro s.r• Ah hand «+d w.l tha N,. d.~r .nd yNr fint .Eov. wnimn. :
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:y= c q~•ed, seded and dtlive~ed -
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,n th~ p~esent~ o!: ~ .
Clarence rsen ~
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v~ f~-Q-~_c^J _ (SEAI)
Dorothy Y~ An ersen :
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600K ~;~Q PACE~1~