The URL can be used to link to this page

Home My WebLink About1731 ~ ~ .S~ Said mortgagc is and sh111 bc and rcmain a lien against said premiscs, and is and shalt bc znd remain :?Iso a licn on, snd is hcrcb}• s~~rcad to co~•cr :tlt l~uildinas, impra~rn:c~i~s, fi~tures and articlcs pcr<<~n;~! projxrt~• nc,~v or hcrca[tcr aQixcd to, placcd upon or uscd in connectia~ ~~•ith the.opcr•?tion of ~aid prcmi~es ai~d tlic procceds tl~ercof, ; a11 ot ~~hich arc co~•crcd by said moctgagc, ~vhich s.1id mortgagc, togethcr witli tiiis agrcen~ent, s1~a11 also cautitutc a i sccurit} agrccu~ciu. This pro~•ision sti111 bc sclf-ol,crati~•c, but thc ~fortga~or ~~~ill cxecucc 1nd dcli~-~r to tlie ~iortsagcc ' on dcmand, and hcreb~• irrc~•ocably appoints thc I~iort,a~cc the attomc~•-ind:ut af t4:c ~fortga,or to c~c~utc, dclivcr and filc, su~h financing staten~cnts and othcr instruments as thc \lortgagcc n~:.~r rcc~uin in order to impose the Iien oi said inort~age upon said fi~tures and penonal property. If tl:c licn of s:~id u~ore_a;e on an~ fixtures or personal property be subjcct to a conditional bill of sale, chattel mortgage or security interest co~•erina sucl~ property, then ~n the c~•ent af any default unclcr said mort~age all tt~e rigl~t, titic and incemst of the \fortoagor in and to any and all depoFits are hereby assigned to the riortgagce, to~ethcr ~vith the benefit of any pa~~ncnts no~v or licrcaftcr made thcrcon. Said mortga~e is and shall bc and remain also a licn on, and is hereby sprcad to co~~cr all a~.•ards lieretolorc and hereafter ~nade b~ reason of tlie taling by eminent domain of thc ~~liole or aoy part of said premises or of any right appurtenant thcreto, including any a~vards or payments for asc and occupation :~nd for chan~e of r:rade af strcets, ~~•hich 1~varcts are herebp aui~ned to the \fortgagee, ~.hich is hereby irrevocablt authorized and aopointed attorne~- in-fact of tlie \iortgagor to collect and recei~-e any sucli a~+•ard~ from the auct~oritics malang il~e same, to appear in any proceedinR ihemfor, to gi~•e receipts and ac~uittances thereEor, and to applp th~ =ame to p3}~nent on account of the debt securecl thercby, ~vl~ether tlien maturcd or not; and thc '~Iortgagor .~•~11 cxecutc :~nd dcli~•er tu the Mortgagee on demand such assignments and other instruments as the \Iortnagee may recJuire for said purposes and ~~•ill reimburse the liortgagee for its costs (including masonaUle counsel fces) ~n the collectaon oE sucn a~rards. In the e~~ent of ai~y such taking, the \fortga~or agrces to pa~, and agrecs that any a~?ard shall be apportioned so that there shall fint bc paid thereirom in die order belo~v named, to the 11lort~agce, accrued interest at the rate hereia specified on all principal amounts from time to time outstanding hereunder to the date of receipt of such pa}~nent by the \Iortga~ee, plus the entire principal balance secured tl~ereby, not~~ ithstanding any lesser interest rate required to bc paid b} the authoritics ma~ing the a~rards. The «arrantics and co~~enants herein sha11, to the extent thst thev conflict ~~zth anv ~vananties and covenants in saici mort~age and obligation, pre~•ail, and said mortgage and obligation as hereb~ r.ioclified are hereb~ ratified and _ confirmcd. There is no~v o~.~in~ on said obligation and secured b~ said mort~agc, ~.•ithout defense or offset of any kind, the principal sutn of S~VEN HUNDRED F'ORTY FIVE THOUSAND SIX HtJNTRED NIi~TY ONE' and 99/l00 ($7~5 ~ 691. 99 ) no~i~~, ~rith intemst on said principal sum imm February l, 1973. " The 1liortgagor ~vill pay said last mentioned principal sum of $'T1~rj~ 691. a9 with inte rest there- on or on so much thereof as may from time to ti~e re!nain ~npaid in the - meantime, at the rate of eight and one-fourth per centum (8-1/~~) per ~nnum, in inst311~:~:~t~ as fGl~ OS•: S: $6,133.32 on biarch 1, 1973, and a like sum of Y6,i33.32 ~nonthly i thereafter on the lst day of each and every month in each year up to and inc~uding July 1, 1987, and the entire unpaid balance of the i mortgage indebtedness on Jul;~ 20, 1987, and tre time for the payment ! of the said princinal sum is extended accordingly. f . ~ ~ The monthly payments commencing t++.arch 1, 197?, as received, are ~ to be applied by the holder hereof to the payment, first, of ir.terest ~ on the said principal sum or on so much thereof as may be unpaid to ' the date of pay~ent of said !nonthly installment and then the remainder in reduction of the balance of said principal sum. The Mortgagor or any subsequent ov~ner of the mortgaged premises j ~ shall have the prit?ilege to prepay the entire ur.pa~.c balance ef said ~ principal sum, together v~ith the interest accrued thereon to the date of such prepa,yment, on any irterest pay?yent da~e, after February 1, ~ 1981, provided sixty (60) days ~ prior V?rittei~ ?~etice of intention so to do be given the t~ortgagee, and further provided that additional ; ~ pa3mr~ents, in the following percentages, be made simult=:neously with ~ such prepayments, as consideration for said privilege: ~ = A sum equal to three per cent (3p) of the amount so prepaid, if such preFayment be made durin; the n~n{h yezr, {between February l, 1~81 and Febr~.~~r~ 1, 1~~3?; ~aid pcr~e::~: _~e di~~+in~shi::~ one-haZf of k~ one per c~n~ (1 per annu~:, ii nrenavment be ~:~~de in an~~ s~bsequent year, until such ti^te when it is reduced to one per ce'~t (1;), such ~ additional consideration to be applicable until maturity. ~:F ':'3 r= ~ ~ '`C1 :Y ~ 54?~. ty :3 ~ ~ go~222 ~~1730 ~ ~ ~ _ ~ ~ ~ _ ~ W . .