HomeMy WebLinkAbout0501 7.' If ~ny o~# 1M ~wa~ of moMY Mnin ~~far~d a M na wa~pNy Md fvlly p~id w~tAio tlwnY q01 d~y+ Ma~ ~fqr ?1r suw~ +~w~11y Mconr ~ ~nd wY~bl~.
or N~wd~ ~nd ~wrl? tl~ s~loulNam. prwa~nb, ca~d~~~on~. ~nd cov~nb ef ~~d Wani~~wll noN w~d Mi~ w~wtq~p~: a~irM~. ~n nw d~h wr'wwwd. conwh~d
wid~ ~nd ~bid~d sY. 1M ~yq~~WN ~ww nwn~ion~d ~n u~d woin~~wry noN ~11 Mcoin~ dw ~nd WY~bI~ fathwi~A a M»rNta~ N~ eW~an o1 ~M Meny~~w. -
u fully and carol~Nly a if Hid pp~p~N ~ww o~ rnoNY ww ai9in~lly ~~ipu4~~d ro b~ pti; an ~uc~ day. ~rY~AieY i~ a~d pc~iuory na~ a I+w~iw b~
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i. To d~Gw? ~o a~id MorrypM. on w b~lw~ MarcA 15~A el NcA riae. ua ~~c~ipb w:d~nck+p ~M wr~n~ ef ~1 Iwwfvlly ~mpos~d NaM Ia M» w~c~diny i
c~hndw YNr. a ddiva a s~id Marq~q~, ~~ttiPh widw~c:~o ~ WYn~en~ of ~N li~ns fa publK iwywov~nrnh Mi~hiw nin~~Y t~) dhn afNr fM ~MII b~co~ '
dw and WY~M. ~nd b WY ar diaclyr~ wiMin ni~M1~ I~) d~tl~ ~Inr dw d~N. ~ny ~nd ~11 povMnnwm~l.NviN tMt nuy b~ nwd~ on.MN nanW9~ P~~M. !
on dw mortWO~ w noN. w M snq otM~ ww r~+h~rq I~aw ~M Ma~yp~ ind~Et~dmu s~cw~d MI Mi~ na.W+v~: ~nd if N~b cond~ttow no1 con~Oli~d wi~A ~nd OK• 5
fawNd, wid ~wa?Wp» mw ow wd~ ~uA a wna wMc~ fti+ll b~cow» pati o1 M~ d~W wcw~d Sy ~Aa nar~p~q~. w~d ?MII b~ar inurwt H Nw r~N ol sla pa c~nf.
~e%l o« .kww~, ar.b4 ..~~.~w•~N unNl p~id o~ ~~id Morty~yM n»y ~kc~ N~N s~~d ~norpaq~ d~bt Mwwpon b~can~ dw ~nd WY~?N IaMwitA. :
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9. It ia fw~Mr cownanNd ~nd aqrNd by wid pania ~Mt in ~M ~wnt of ~ sdt b~:ny insf~tvqd ~o fa~cbw M7s warp~q~. ~M Mo??9~qM aMll 0~ «uitl~d w ~
+Vph/ ~t any Kw~ P~Y ~ucA Ia~clowr~ wit a 11r cart l~+vMa iwi~Man ~haeol 1a eM wo~?~nen~ d• ~~niwr ef ~11 a~d stnqul~? dr e~w~9+9~ a~hl.
~nd 'ef ~M tM nwb. incon~. wofit~. iaw~ ~nd nv+iw~t Mw~o1. 1row wMho}r ~owc~ d~rlv~d: wd N~~won it h M.~EY ~apreaN coven~n~~d and prNd ~
eAat N» eew~ drH tonAvw~A ppein~ • ne~iv~? of wid ~nwp~~d Proo~M. dl ~nd uequla. ~nd of sueh r~nt~. ~eew~n. wofih, iisup sr+d nwnu~ Nw~pl. from
wM1w~w wura dMived. wi~h N+~ uswl Oow~n ~nd duti~s of ncNwn N Gk~ uNS: ~nd ~vch +opo•nnMn1 th~tl b~ wwd~ bY sucA courf q• nynN oI suict riqA1
a iM Mor~p~pM. it~ wuusaa ~ rpr~m~t~vu or usro~r.. ~+d wid~o~A r~1N«+c~ to N» ~d~v~++~r w in~Mau~cy of N» v~lw of ~M v~~b ~~br ~W+9~d. t
a to ~M wlwaY p 4+w~wnql of M» Mw~q~qa. ~nd Mrt sucA nn~. oroliw, inconr. iuws u~d ~~wnuw ~MII b~ ~ppli~d bv such nnivM w H~ WYinen~ of tM ~
^arty~Y~ in~bN6+~a. tasb and dw9K. ~awd~+9 b 1M ordv oF wd~ towt• -
10. 11 ~ comwMa ~Aould bY M~ Ma~woa d ~M w~+« Iw~in d~w7b~d. a awr v+A thw~ol. wi~how ~M wrin~n consa+~ 01 ~M Mortq~qN. n+d ~
vrifAo~A aiumP~ia+ in npuls~ fasw of 4w by ~M pM+e~ of N» obliq~tion ~o th~ Mor~O+YM er~~Md by w1d w~s~aY nw~ ~+d M~u iww~w9~. M+~n. and in Nwt
~wnf. ~nd N tM oWion of Nr AAa~y~~. and witharl notic~. att ~uwr o/ ~nomr saur~d AKebt? +lwtl iian~di~kly ~nd conc~~r~ntlp wi~h wcA conw~r~nc~ b~co~ ~
dw ~nd WY~bN a~d in ddwh.
11. TM~ ie ~M w«+t dw w«nlsn Mre~Y ~~9+o~d. a~ny vW1 tlwwf. sAal4~ conde~d ~nd blc~n for publk uw undw ~M vo~ of ~mieNnt dantin.
N,. IMerq~y~ sM11 Mw N+. .qM a d.nund N+.~ •11 drw.y.a award.d ~a Na uki~q of a d.~w.9n a..:d w+~s.s ~1+.11 E~ w~d a dw Monp~~ up a N~. «na~n~
eMn unp~id on ~A:s nwn9+9~ ~nd ~t N» qMion of fM Nbnp~yN nyY b~ +oP~i~d uv~ ~M wYnw+b lat pay~ IMr~on.
14. iM ~nortq~pa b~nd~ hinadf na b~nct w p~rwNt w M~r~n~d +n~? mw buildnqs on tM w«~d~u Mhiw nartp~qd a ro ~dd a w PMmit ~o b~dd~d
ro~~w of N» ~~iatinY Gnww~e~n~s ~M:~a+ w rnaL~ ~r thMqN or alNruions in s~id i~nwov~~Mnb vrMch awNridly clynq~ Mw s~ a Me vs~ tMrwl, w~thaw
tM nnitNn eora~nt oF tM ~AortpapM. ~nd iw 1!y ~vrnt ot ~ny violation a~ne~W. ro v:olah deia s~:pubean Mi~ me~ly~p~ and ~II swes secur~d lw~by ~11 inr ~
m~.~.h~ e.~o~n. d~. .~a co+~«.~ea a w» aaan ot d+. ewn9.o... ~
17. U is ~p~cif+ully ~p?Nd tAit t;~ is of dr ~ss~nc~ of ehi~ connxt and tMt no waiver of any oE::y~tion MrwndK w o1 N» obliq~tion a~cwed 1+K~ s~all a~ ~ny
~~me E~ MW to b~ • w~iva of tM lwwr Mr~ol w of Nw imtrunrnt s~cw~d Mr~by.
14. It fa~closun w«,~npa of ~ny a~cond•m«ep~v~ w acond ~nnt de~d or a~y iw+~o. 1~«+ o~ any ki~d shovld a~nau?vud. ~M Nb.~~e~ ~y. s~ ~h op~w~.
~mrrrdi~Ny er M+vwfta d~cl~n M~s matq+4~ wd tM 1nd~W~dnns Ncw~d MnM dw ~ed WY~W~ }aMwith. r+d ~y tl in ePtion poe~ed b toneloa~ this
morty~p~. ~
1S. To th~ u~wu of tM :nd~badn~~s o1 ~M Morfq~pw b tM Mwt9~pe~ d~su~b~d herei~ a uc~red M?~by ~M Maiqape~ is Mreby s~broq+Nd b tM lien o?
~f~na and fo ~M ripAb ol tlr ownn~ and holden Mrreof o1 NcA w~d ~v+ry nwrrq~~ I:en a aMr incwnb~~nc~ on ~M land dncrib~d Mn:n wAich is Wid ~nd/a
aatesfi~d in wAoN w in pr1 ow of tM proceeda of tM ban deu~ibed her~in w s~cur~d hwebY. tM respeuiw liens of u~d rnw~paqes. li~ns w oMer i~c~.~bancea
?MII b~ and IM. and wch of flwm I~~Ep is Pr~serv~d and shall o+ss ~o ~nd b~ Mld by H+e MwtpaqN hw~in as s~curi~y fw ~M ind~wdiwu to tM Mw~ppN
Mr~ie deacrib~d a hereEy a~cw~d. 1o Nr s~na e:ten~ Myt it wwld M~n been w~~Mwd +nd wa+1d hav~ been p~asei a ~nd been held by t!y A~wtp~~ Md i~ been
duly ~nd nyulrlp asiqn~d, harohrnd, s~t ov~ and delivw~d una ~M Mort9+9w bY sePU~q deed of ~is~qruMnt notw~Naundinp tM /~cr tMt ~M s~ ~Y ~ ~
saNsfud and canc~l4d o1 ncad, it b~:nq tM inNn~~on of tM pxnn hento Ma~ M~ u~ w~ll b~ u~nfied u~d c~nc~lled of r~cad by N+~ holdas M~.eof ~t w about
Mo t~ of d» r~cwd~nq of this mwf9~9~• . .s~
ib. to pry aN ~nd s~nqula. ~he cosn. chuges and e¦penses. ~nclud~nq lawyer's tccf. rcasonably .rxwred w W~d at any nme by ~he Ma~gaqee. bcca~se o! ~Ae ~
~a~~~re of rhe Ma~qayw ~o pe~lw/n, comp~r w~~A and ~bid~ by fKw J~ tY!!y ~h~ f~~oul~nons, ayeeener+rs. cond~t~ons, and cor~nanrs o( sod pan~aswy nore ~nd M~s
oeed. w e~fher. and every s~cA pay.neny slyll bear imemt fro.n dare ~r the r~ee prw~dtd ~n sa~d pan~sswY ~~t. ~
t7. wlwn ~ny aiwo~wa of w~aw ~e b~ w~d bv Nr Ab.+p~qor a M» Mw~pap.~ w~d~. Mr r~.im h«~of shall b~ in d~iwh. « should N» Mor+wpa ekf,uh ie ~
any of tM aMr »rna, provisioro a condrwm of this Matqp~, tMn and in M~~ caa~ the Mwfy~ye~ sMll Mv~ Mr riqM, wi„wu~ na~c~ ~o eM Mw~y+qor. to ,
coltect and r~iw lran ~nY Nn~nt a In?w d s~id inoAqped peinisN M~ renM, iu~es and pofin of th~ ~wl ~stab I+ereby mwtqrq~d and tM improva+~ms
rhereon. ~nd b piv~ popp r~ceiph ~nd ~cq~inanoes IM~~fo~, artd ~ftw payiny •It conrnissiona of ~eqr renql ~p~N collectinp tM sa~. and any rusoeubN a~rorney i
1~es +ne1 odrr neceswy •:p~ns~s incwr~d ie calhcrinp aam~, w~pply th~ poce~ds of such colkctiom upon any indeM~d~n~ss, obliyat:on a li~bility, of rM t
Mortp~Qor lrreundn. TM ~iyM qranted tM Mwty~q~~ wid~r this par~yr~pA sAall b~ in addtion q. ~nd sM1I nq lia~it a ~tstrict, any othu ri9hf a riyhea qr~nted }
I rh• Mwfp~y~ in this Mony~q~.
! 1~. If dr Mortp~yon u tlr ti~er o} .nekinp tAis Monq~p~ o~ subs~W~nt tMr~ro uk~ o.rt 1:/~ insw~nc~ d~siqn~tinq Nw Mortq~qa~ hereie a ba~efici~ry wid~ a
~ ~o~++v+~r +oaor.A br Nr Mwry.ye. w.iscyna po~iws to M. Mor+y.y.. rw ~h• w+•vos. et sec~.7~ sh. ew.q.y. wr~ i~e..br srcu..d. tMn ~h. 1No.tq.p.. .nan
~ have tM riqht to pnr any pNnium ~ocnwrp ~dr a~id polici~s. ~nd all swro so eapend~d sl+all b~ sdded b~+d b~conr • p~rt oi Nr pincipal indebtadne~s s~cwed
~ br tAis Mwtq~y~ and alull be w~d bY ~~W~9a b~~9~9K M~Iv~ eQwl coewc~~ive monM~hl imnl4Mnp, the ~inf monMlp inst~llnwnt ro E~ paid n• ~
~ wrt of end in ~ddition to dw montMy paynrnt dw ~nd~r this Mortp~q~ in tM fint ultedar ~na+~A followiny tA~ ~apw~d'irq of said swn. Such iwm w eap~nded
l ro b~u :nt~reat ~t tM r~h ~t wAicA im~reat is pty~ ~pon s~id priercip~l indeb~edne» ~nd fh~ lia~ oi fhis Mwrq~q~ ahall ea~~nd ~o ~nd secwe ~M swm io eapended
F eoyerher wi~A inNrut ~M?wn ~s hsranbefon povidd.
~ 19. TAo~ topetl~e? vrith owd i~ additiow ea tIK ~owt4ll Purwnnt o( pr+wcipd ond interest poyobl~ rnd~r ~M Nr~s d tIN woN sec~r~d hcrebp. 1~Awtyoyw
i sholl pop to Morfyoq~~ ~od~ ~owN~ wti wid wob is (Yllp paid, owe-~.elft? (1/12) oF o so~ pnd b NK oww~wl pre~iv~ due for fu~. ~:t~wded cwrerope. ~
~ and other I~uord iwsurona aoNriw~ tl~e woAYM~ P~~b, p~us to~ns ad ass~su~ewh we~d dw ow tbe ~ort9op~J ProPNf~r (dl m estiwoted br Mortyopee)
~ less aU w~a drwdr paid tMnFor. awd to b~ divid~d bp tMe ev~~ of ~ont6s b dapse prior b 14 doN ~rMw wd teies wd osa~swa~s sAaN betw~e f
dslinqwnt. Soid su~s slwr b~ wld bp AAorlpooN iw Mw! or a~d'ded b 11~e priwcipd d tIK baw, b pop said iwsurawc~. ~oses, ond osseuweeb and slwll j
be opplied o~ IM pap~ewt ~Mrwi ~w dw. Mp ~ic~ss wld iw t~vst br N1ore0op~e MrAee soid loow is poid iw fYN sAoN be poid to Mwt9aqor, w Mis
~ assigns. or pnwnal ~epre~wtotews. Iw f~ ~wnt o! o defmih or fwadosvre, said sn~ws bdd iw hust iwp be applied ow wr c~osts of da~~s wswined :n
~ connection wid? tM wN~etio~ af 1M wo1~ ~cvred hsrebr ~M11~er bp swt, fo~~iJowr~, or oN~erwise.. MortYapr~ ~a~r howi tiwe w tiww ot ih option vro~~re.
~ and off~r oey svc` w~airer. rwsbh o~r o? aN pro~isio~s 6ereoF rpu'vieg srcb d~posi~s, b~ notic~ b Morl~oyor i~ vrili~y. Wh~ awr sucM ~oirer is in
~ ef€ect. Morlpopor sAdl pap taaes, oas~aw~enb owd'rswowu pre~iws os bersin elstwher~ prewided.
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