HomeMy WebLinkAbout1806 7. 11 ~r ef ~M of naMY Mniw ~d~.rd a b~ ew W~v~b ~nd fvlb v~id w~~hiw dwnY lJO) d~tl~ M,1 d~M ~M a~w~~lty acoew d.w and wY~~~,
a i/ ~~cA u+d ~wn M» qipub~:ww, pr~n~nn. cond~t~ar. a+d c~ov~wnM d~~iA wawissen noN ~nd tA~i ~r~prtyp~..a MIAp, «I~ ~/a~d. cwrol~~d
wi~A «+d .bid~d b~r. N» i9ww+N ~ww nKn~~on.d ~n .~id wo~w~ao~r noN aMll Mco~ du. «+d wr~Wi /dMvwd? d N~~IFfw ~1 d Mw Mor~y~pN.
s~ ivtM and caeowNN M if wid ~yy~p~N ~w~ of nwMY wu alqiMlly u~vvla~~d a b. a~d oe ~vcA d~r. bnl*1~' :n ~~td pa~iaory ~oN a Awriw ~o tM
conn~ry ne~wi~Mundv~p. .
10 ~Mliw p w1d Mw~ya~. on er b~lw~ MacA IS~ e1 NcA ~~w. t~a ~~caOti wid~nciny N~ wYw~n~ 01 di bwfvlly i~d ~~aw la Nw W~c~~q
c~Nnd~r Ywr. b d~livM ~e ~+id Ma~q~qN, r~c~ioti w~dwa~np ~M Mrw~nt o~ ~N li~ns Iw V~+aK i~wprw~nwnta wi~Ain n:nMy (901 d~ri ~fNr Nr suM ~l+all b~caw~
du~ ~nd p~y~N~. ~nd b WY a di~eMrp~ wifAin oinMr (90) d~ri ~f/M dw d~h. ~^Y ~nd ~II povanenMUl IwiN ~M~ ~y b~ nwd~ on 1M w~at9~9~ WaPMt1/.
on thh ~nortpp~ a ooN. or in +nY WAw wq ~MUl~inq haw Nr /Nwty~y~ ind~bNd~n~ saw~d bp tAis ma~9+9~: and il H~i~ con~tian M nW cowiO~i~d wiN~ ~nd pa-
loruwd, a~{d inpr~ppN ny~ paY such ~un~ a aw~a wh~cA ~lyll bconr p~rf e! M~ d~W Ncw~ct 01r ~~s aar~p~p~. ~nd fMl) ber inNrw~ ~t NN r~N o1 fi¦ pM c~nl.
nM Mr+~~, ar~bw ~«wt•ww•~ti wuil p~id er ~Wd Ma?y~qN ~Y ~I~ct Ma u:d n+w~qap~ d~W N~Mwu~ bca+» dw ~nd WY~bN fwMwi~A.
9. U 4 tunM+ co+rn~M~d M+d ~w~ br u:d v+N~ ~I~N in tM ~wM ot •~ui~ Miny iMt~w»d ~o faKbN Mi? ~v~. Nw Mbr~w9N ~h~ll M~ntNbd ro
~OPN h+~w tiw W~d~~Y sueA fonclo~a~ wit ~o tM iaxt AavinO Iwi~dic~ion ~Aa~oi fa ~M ~ooa~tnrnt ol • nc~iwr d~11 ~nd ~inpul~r M» nwrfWY~d w~~l.
r~d ei ~11 rM nnb. faan~~. Oro1iM. iuua ~nd ~w~mr~f M~wf. fraw wMMo~ve~ wwu dN~wd: w~d ~Mr~ooon it if AwtM/ •,pw~M cow~an~ed and prNd .
~t Nw courl aMll fwM.vi~A ppoint ~ r~aivM o1 wid iwo~~W9~d popN~Y. +11 ~n6 sinqula.. w+d ol wd+ r«+b. u+co~~. aofiM. ii~uw snd rw+nu~ ~Mrw1. Maw
wh~Me~vw sourd dMiv~d. wiM tM u~wl Oaw~ and du~:a of nc~ivws in lik~ c~sy: ~nd ~ucl~ ~opo~n~w~+~ sMll ~ nwd~ M svcA cowl a~~atN~ 01 str~ riqM
q tM Morty~y». ih Wuaw?4 leyd rpru~n4~ivw a ~su9ro. ~nd wiMaA nfaaK~ b Nr +d~awcY a Nrdp~NCy o1 IM vdw d tM prooKrll ~~Y ~W+wa.
or to tM wh+ncY w~Y o1 Nw MonW9or. ~nd MN such ~~n~. wofi», I~co~r. iuws wd nvvww sAall ~ pplwd M su~d? ~~c~iv~ ro~ ww*•m of tM
~~w9~ cab «+d cM?vw. +a«A~no a tM ada oi wd~ courl.
10. If ~ oon•Mana should b~ wrd~ M~M Ma~wo~ 01 Nr wenasN Iwnin dssc.:b~d. a~nv wn N~ww~. w~~how ~M w~n~n comem o1 ~M Mwrap». and
vw~haA astumP~ion fn epubr fonw eF I~w bp ~M ywnN~ oI ~ oblipNion b M~ MorW+9N cre~»d by wid otowr~w~l noN ~wd tAls nwnW9~. ~h~n. and in Nyt
~wM. ~nd N dr eWiew ol Nr Mortp~y~. ~rwl wiNw~e notic~. ~It aww~ d mo~wr ~~d Mr~br ~11 inrn~di~?~IY ~nd canurnn~ly wiM ~ucA can.syN+c~ Mcony
dw ~nd WY~ ~nd in d~faul/. .
11. 7fyt in M» event M~ Vr~niaa h~r~bp nar~p~yd, w My pw~ dwrwf, aMll M cond~nwd ~nd ukw? for wrWic uN w~da Nr Powa of «wimnt dowriA.
M» Mortp~q~ aMll Aaw N» r:ola w d~n+~nd ~Mt all d~w~aqa award~d fa tM ukinp of o? d.m.o« a.a~d w•ww..s sh.tl b~ w~d a N» ~a9•• w a N+. •moun~
M~n uroNd a+ N~a war~9+q~ wwl ~1 N» eWian of My Matp~y» mw b~ ~ppli~d uow~ tM o+Yrww~n lu1 pay~N Mrnoe.
12_ lfy ~non9~9w bind~ Ainu~lf not b u~et a P«nwt ~e b~ ~r~e»d ~ehr n~w br~kieq~ on ~h~ w~nisu Iwnin w~or~W9~d or ro ~dd w u perm:t M b~ ~Jded
ro a~y ef MN ~aiatieq improv~na ~Iw~on a mab rnr cA~np~s w~Me~ar:au in s~id ~mpovs~nh whieA nytwiatly tAanq~ Mw u~ o? N» us~ ~hw~of, w~Ma+~
d+~ w.imn cons~n~ of tlr IlAorfpaq», and in f!~ w~» of ury vio4~ion e~ ~naeW a violu~ ~hia uipvl~t~on drs mo~t9p~ a+d a11 sums s~cw~d l~~EY ~I+~11 ie?
erd~N.y b.con+. du. aod colt«~~bl. a ~M caioe o( ui. Mo.+p.p...
1~. U i~ w~ti(iully ~y~d ~Mt tiwr i~ oE ~M ess~nc~ of ~his connac~ and th~t no vr~ve~ o! ~ny aE!iy~tan 1~wndn w oF tM oblipa~ion s~cwed M.~br shall ~nr
tin?~ b~ MW b b• w~ivu of N+~ arnr l+anof w ol dr imrnwnent ~acw~d Aer~b~-
11. li iar~cbaw~ proc~eys of any s~cond ~nortp~p~ w s~cond trvst d~~d or anr i~~« Iwn of ~ny kind should E~ :er~ih»~d, tM ?ibr~p~~ee ~y, a~ i~s op+an.
inw~wd'wNly ar ~wfte~ decl~r~ tAi~ mp~Y+p~ and tM ~nd~W~dnNS s~cured MnpY dw ~nd o+Y~W~ forMwiiA, and wry N iM option aoc~ed w iweclos~ this
n+wtq~p~. .
. 13. Te tM ~~Mnt o~ 1!~ ind~ONdna~ 01 ~ Mo?t0~vw ro t1» 1Nortq~qN dncnb~d M+~:n a sec~r~d Mreby M~ Ma~p~qe~ is hetsby aubroy~ud to tM tien d
~iM! M~d /0 1fM f1~1b OF IM OWI1Mf M1d ~dNf 1~NffOf OE fK~1 alld ~vMY nWflq~~ ~iM W W~Mf /MU~lIb/MK~ OII I~N ~i11d ~fpib~ ~1Mf1I1 WhiC~l ~f W1d ~/1~0~
aatiifi~d in wlwM a in pvt out of tM proce~ o~ rM twn deur~bed Aer~:n or s~cNtd hKebr. +~+d M~ resp~ctiv~ li~m d uid mw~y+y~s. I~sns a aher ~~cumbrurces
th~ll ~ ~nd tM. wre~ awd ~icA o1 ~Mm h~ebY is Meserred and sh~l) p~as to and b~ At1d bY ~Ae Mor~p~qN l~~in b s~twitp fw dw indebNdrras ro t1y N1wt9+9N
Mr~in dexrib~d a hereE~r a~cwed, b ~M sMw e¦ren~ Nwt it would Mw bes~ pr~sawd and wouid hav~ ben p~sat! a ~nd b~en held by tM Mutpp» Md it Eeen
d~ty ~nd ~putuly assiyn~d, tramf~r?~d, fN ovu and del~v~r~d iw~ro rl» Mwty~pN bY spu~u de~d oF ~aaiqnnrnt norw~Maund~~p tM ixt tM~ tM tam~ m~y be
a~~isfud ~nd canctll~d o1 r~cwd, it bs~rq My in+e~~~on ot tM par~~es herero th~t Me ss~ w~ll b~ sat~sHsd u~d canc~ll~d of recad by Ma Aolden thneof ~t a aEan
tM tu~r of th~ ncor6ny of Mn mortprye: _
16. To par sll and a~nq;,la. rh~ coa~s. cnsrqes u~d e.pensn. ~nc!ud~aq tawyer'a tees. ressonably .nc~.red p paid a~ any ~~me by ~hc Marqaqee. becavse of ~he
:ure of ~he Mor~qagor lo per(wT. tomp~y wAh and ab~de ~y exA and e.ery t1+e s~~pu4~rons. aq~etmenfs. cond.t~wn. and core~+ann o1 s~~d prom.~swy nore a~+d ~A~t
deed w e~rhe~. ~nd e~y s.~c~ p~v^~ts sha11 beu ine~res+ fran d~te at e1+e ra~e w~~d~d ~n sa~d pro.n~ssav ~oro.
17. YVh~n rrY arnwwd of nwewll fo b~ p~id by tM lMortWY« W tM Mwty~y» urd~r th~ hnns Mrwi sMll b~ in d~fwk, or should tM MwW~pw dtfwlt ia
any of tAe o~er hrms, w~s+pn w cad~t:on+ o~ N+~s Mwfpp~, tMn snd in M~~ ua~ the Mwty~9ea sMll Mw tl» ripM, wi~ho~t nW:c~ to tht Morepayor, to
coliM ~nd r~iw iran ~nY Nn~nt w M+sw of swd ^+or~9ped w~i~e~ IM renfs. i~sues and po(in oI tM rNl estN~ her~by ~nwtp~qed and tM irnprovemenb
+F~ereon. and b yiv~ pop~~ nctips wd ~cqwn~ ther~(or, a~d aftu p~y:~p •!1 <ane+~aarons of ~nr r~nbl pent colkcYwq tM s~~nt. and ~nY ~eason+b~e ~ttwney i
f~es and oM~r necessup ~=p~ns~s incu?red in cdlM~ny unw, to app~Y tM poceeds of such colkctions upon ~nY indsbNdness, obt:~tion w tiability. o} tM
Mwe~qw I~eundn. iM riphf qr~n?ed tAt Mwtp~~ ud~r ~is pMprapA ah+ll be w+ addifron to. ~nd ahall no1 li~ait a resnid, aenr oM»r riqh~ w riyhq qranted
M~ Nbrlp~qM in this Mw~q~q~. p
lE. lf N~ Mortp+9on at th~ ti~ of rnskbq ~his AAorrpp~ a s~bs~qu~n~ Mer~ro t~k~ wn 6f~ insur+nc~ desiqn~~inq tM Mwty~qe~ he~e~n u beneficiMr writh a
~i comp~+y ppovad Ly fM Nbr?p~pa~ a us~qro policies to tl» Mwtq~yw fa th~ pwpos~ of secwiny tM nwrtp~p~ loan Mreby secwed, tMn dr Mortq~pe~ aMll
~ M~.e Mh riqlN fo p~r any pNni~wn acuvin9 w~d~r aaid pol:cin. ~nd alt sw~s so eapended s1u11 be added ~o r+d Mcaw~ • pwt of iM p~ncipal indebtednns sscwed
Dy this Mortp~p~ ~nd ah~ll b~ pa'~d bp Mw Mortp~qw to M~ Mwty~qee in tw~lw eqwl consec~~~ve erwoM+ly irnbllmsnn. tl» f~rst ~nonMly :nsNll~nt ~o b~ wid as •
f oart of end in addifian a tM rnonNdy Wyn+wM dw und~r thia Mortq~p~ in fM (int ulend~r month folbwieq M» •:pendinp of said swn. Su[h svins w sapendtd
~ ~o bex int~rest N tAt raa ~t whicA intsrest ia paYaW~ ~rpon uid princip~l indtEt~dneas ~nd tM lie~ of M:s Maty~q~ sMll ~itend io u~d secw~ ~Ir awro so cipended
~ ~oq~eMr wi~A infer~st tMrean u hne.nb~for~ Providd.
~ 19. ilwf toyeHwr rrifl~ owd iw odditiow b Ih~ ~wstNr popwnt of principd awd interest popoble vnder ti» ler~ oI 1he noN sccvred herebp. 1~lort9oyu?
slwll pop b Morl~o~~ ~oc6 wonlh YOI~ tOiA woM is fdlp poid, one-hv~IftA (1 /14) of o w~ eq~ro) b tl» owwual p«wiw~ dw for fire, ea?ewded coverope,
and otber bzord iwwronc~ coreruq N~e worepop~d prope~tp. p~us to~es ond oss~atiwewh ne:t dw o~ 11~ ~wtyoO~d prop~lp ldl m esti~wted br Mor?yoqee)
less dl w~s olrwdr Poid tMr~for, awd b b~ di~id~d bp tl» av~ber of ~owtAs to dopw priw w e6e daN ~w wc~ ~ous owd oss~~s~snb si~oll becw~e
delinqwnt. Soid suws s~oN b~ k~W bp Mortyoy~t i~ bust o~ «~di~ed b tbe pri~cipd af tUe baa, b pap soid iwswo~u, wses. owd.os~es~weeb ond sholl
bs opplied o~ the pop~ewt tMr~o1 +Aew dw. Mp e~cc~ss Mld in trust b~r Morqope~ vhe~ aoid Ioow is po~d iw f~ll slaN b~ poid w Mwt~opw. or I~is
aii~y~n, m penowd t~wnbfi~es. Iw Me e~eM d o defoYlt or iorecfos~re. ~oid w~s 6eld in trYSf iwp bt opplied w awr coMs d dowoyes wstained in
connectiow witA ll~e tdl~dios oF tM woM a~crr~d Utr~bp rrlwfber bp s~it, (orecbwrt, w otienvise. Mwlpop~e wo~r Fro~ ti~e b ti~e ot ib option ~roire.
ond afNr anr soc6 vroirer, reinftoN o~r o~ all pro~isiows Aertoi ~p~irinp wcl~ dtposib, bp wofict b MatQopo~ i~ rrifiwp. 1MAile owr such woi~e~ is iw
~fiecf, Mortpqpr shop poy e~p, owa~enb aed iwwrowce pre~i~ws os 6e~eiw eluwAere pro~ided.
~ IN WITNESS Wi~EREOF, tM tald AAxtWqw Mtw~b aNS his Aard ~nd sNl this tM dnr ~nd yw firaf ~bo~ w?itlM.
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