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e. To pwfan~, caroM wi~A u~d ~d~ py ~~cA ~nd twry ~t:pul~~~om, prNmMN. cond~~ons ~d cov~nanh iw s~id P~oww~wry noN ~nd d»d sM }aM.
7. If ~r o1 tM awaa ef mawy Mnin ~~fNnd w b~ nW O~ano~hl +~d firlb wid w~Mwn tAi~h/ 1~01 d~y~ n~at ~t~« tM sa~ tiwH~llp Mcony d.» and wY~.
o. N~ad~ ~nd ~y N» ~Upul~rion~. pr«nwnb. ca+ditiorr. ~nd cev~n~nh ol ~~id wan~uoryinoh andJha mar~yaq~. M ~i+l+r.,a~ na d,h w~fwn~d. con~Pl~~d
w~~A u~d ~bid~d bY.'N» ~99.p~N swn ~m:oerd in s~:d wuM+~«Y ewN ~MII bcan~ d» and wY+bl~`1wMvr~~ w M~aNlew N~M eWim ol M~ Mwp~yM.
n fv1N ~nd carwbNN as if t~id typp~N suw~ of ewrry wq aiyin~lly s?iprlN~d ro b~ p?id eA wcA d~Y, anyMinq in i~id pawhsory noh a Mr~iw b tM
conttYy nplwi11y1w1~inp.
a. To deGwr M wW Abrt~pN. on a b~fa~ MucA ISU? 01 ~A Ywr. t~a r~c~iph wid~nuny M» p~Y~~ ~ NI I~wfvlly inpo~d paN Ip ~M p~nd.eq
e~bndu yNr. b d~Nvw q aid Mw~W9N. r~e~ipn •~~d«~e~eo wr~~ ol dl li~ea fa puWie iwiprov~s MriMin n~mfy t90) d~y~ ~INr ~M un» ~MII b~eow~
dw ~nd WY~M. ~nd b WY er dbtMra wiNw~ ~i+»M d~v~ ahK dw d~N. ~ny ~e~d ~II qovN+rw~ntd Itvi~s tM~ nrr b~ ~wd~ on ~M nar~W9~ ~~Y.
on Ma ~wtp~p~ a noN. w ie ~ny odw w~y rault~nq /ros tM Mortaaq~ ind~ENdn~u s~cw~d by tAis ww~~q+y~: +ed if tAi~ ca~dition b~ no~ co~pli~d wi~A ~nd pa
farn~d. uld rnor~p~qN nry Wp ~uch ~ww a awro wAicA ~AaN bcorM w?~ of fA~ d~M s~cw~d AY ~ha na.?pp~. ~nA sMN bw inN?w~ N N» r~N ef ~Ia pa cw.
f6%) w? o+r~E?~ ~i-wrwNlp uMil paid a wid Maq~pM eMY ~4et MN w~d ~no.~yay~ d~M tM~a+von b~eon» du~ ~nd wY~bN IaMw~~h. y
9. It b fwtM+ cownw+hd ~nd ~r~ed bY ss~d ps?ti~s ~Mt in ~M ~wn1 0/ • wit b~:ny imGnA~d ~o tor~clo~ M~i~ ~wfy~q~. 1M Morfay» ~MII ~~n~iN~d a 1
WoM N+ihi t:nr p~ndirq ~ucA for~cbaw~ wit a tM cowt bvin0 Iwi~dct:oe M~.eo( la Mw ~ODa~~~t ol • nc~iv~r o1 ~II and ~inquln tM ~or~9+9~ P~~b. ~
and of ~tl tM rMq, incowra, poiin. iuuM ~nd r~vww~~ tlwwf, fraw wM4ow~r www d~riwd: w+d ~Mr~~on il is Mnb1r •aprn~lp cov~n«+t~d and p~Nd ~
~M~ ~M cowt ~MII (wrhwitA ~p{wia a nc~ivN of wid morq~qed p?oprM. dl ~nd siequla•. ~nd d sucl~ r~nt~, incoiw~~. pofita, iswM tnd t~v«+~w MN~oi. haw i
wMMOww sawc~ dniv~d. wi~A M» uswl Pwv~ ~nd dniN of ?~c~ivNS in Gb usa: «d ~ucA ~voc+nan~nt sh~ll ~~d~ bY ~uci~ cowt a• mane. o~ stria riyhl ii
ro M» Monp~yM. if~ sueea~ors. Ip~~ npn~~t~tivp a asstyro. and withaN rdu~ne~ w ~M ~d~vuM/ or ierA~pwey of tM wlu~ 01 /M WaP~Y ~~bY ~?9~Y~4. ~
or M tM ~dwncr w in+dv+ncY ot tM Morq~qor. ~nd tl+~~ such nro. Drdita, inco~. iuuy and nwnuw sMll A~ ~ppli~d AY sucA ~~c~ivw M Mr wYmem ef Nw
^+~~9+9~ ~dnw. cosb and c1w9w. KcwdinY b tM adK oi tuch cewl. ~
10. If • caw.r.na aAould e. wud. ar ~A. AAap.qo. 01 M. wan~~.. Mr.in desa~ead, w~ny o+~ ttwnof, w:+l+out tM vn~n~n conun~ d ~M Mw~p~pM. +nd ~
withaR ~s~uiro~ian in rpubr.faiw of 4w by ~I» pr~nM~ o/ ~M obliq~tan ~o th• Map~pN cn~Nd by wid WaniswrY noN ~nd tAis narp~q~. Mwn, and in Nyt ~
~wnf. w~d ~t ~M optaw ol tM Mortpp~~. and wiNw~R nofic~. all sw~a d~norrY s~cw~d ~+~+ebY sA+ll inw+rdi~Nly ~nd eancwnMlp wiM wd~ eonwyw~c~ b~con~ ~
dw srd p+y~b1~ ~nd in d~l+vh. ~
11. iMt in ~M went d» pr«nis~s Iw~~bY nanWO~d, a sny M?t eMrwl, sh~11 M condee+n~d u~d t~twe ior Oublie us~ w~drr N» Po~ 01 ~w~ir~~ Aan~iw.
eM AAwq~y» sM11 Mw ~M riqht w d«n~nd A~at dl d~nwpa award~d fo~ N» t~kinq o( « d.~., eo aa:d o•.T:a., ~n.u b. a~d w N+. Mw+o.q.. w w~. «na+n~ j
eMn u~+paid ow rhia rwwp~y~ ~nd ~t Mr option of ~M Maf0~9M ~Y b~ +voK~d uPa+ tM wY~b la~l WY~bM Nwnon.
12. iM wiwfp~por b:ndt li~watlf not b~M w paiwit b M K~cNd ~ny n~w buildieps on Iht pu~rfa h~in wwrtp~p~d o? 10 ~dd b or pMmif b E~ ~dded
ro ~rqr of tM ~:isti~q inprov~n~ms d»r~on a m~b w~ dwpw a~H~tHiom in a~id ~r.wrov~m~nb whicA nyN?iallp cMnp~ ~M arM w rM ua~ M»rwf. w~N~wn
tM writNn cons~n~ d the MlorfppN. snd in tM ~Nnt o( ~r valation w~nNnp a v~olaN tAi~ ~tipulation Mi~ e~atWO~ and ~11 s~wn s~cw~d Iw~~Ay sAdl iw?~ ~
~rwdi~Miy btonr dw ~nd tolbtt~oN N fh~ option ot tM Abrlq~pw. .
13. lt is ~wcif~calty ~prMd ~Mt ti~ is of tM ~ss~nt~ of Nus contract and tha? no waiver of ~ny op:ip~tion Mr~~ o? d tM oElip~t~on a~c~xed Mr~by shall ~t ~ny
tim~ b~ h~ld to b~ • wsiver oi tM Nrm~ Mr~oi or of tM im~tu~nent ~~cvr~d her~by.
1~. li fonclosur~ proc~dnqt of ~nY s~cand morfyap~ or s~cond trvat d~~d o~ ~ny jvniw lien d any kind sl+ould D~ :iutihrMd. tM Mor~p~e~ may. a~ its option. ~
~mn»diaN1Y w fl~ufrer d~cbr~ tl+is w.wtp+p~ and tM ~ed~M~dp~st s~nxed Mr~by du~ and WY~01~ faN~wi~A, M+d ~y ~t ib oDewn aocKd te torecbu th~s
n+ortp~p~.
15. To t!r ~at~nt o/ ~M ind~M~dwa~ oF ~M Mon~ya ro Nr Matysye~ dau+bed F~e~~in a secwed Aereby th~ Mwtp~ye~ is he.ebr svbrog~red w rl+e Ii~n w
It~~s u+d a N» ri9hu of tM ownMS ~nd holdns ~Mrw{ of e~cA ~nd evrry mor~yaq~ li~n a ahv innwnb~nc~ on Nw Ir~d daaib~d Mr~in wlud+ is p~id snd/a
utisfi~d in wlwl~ w i~ p~n ou1 of ?M poceads o1 tM toan desaib~d Aerein a s~cvred herebY. and tM retpctive li~ns of said mwtq~qes. lia+s a other .nc~inM+nces
ahsll b~ and 11~. aw~ and wch o( ttwn herepy is p~urved ~nd aMll p~as a ~nd E~ Mld bp IMe Morrq~qe~ h~N~n p a~cwiry. fw tA~ indteesdn~ss to tM A~onp~p~e
•her~in des~rib~d o? hereby secvred. ro th~ sa~ eatmf that it wo~ld Mw been pi~serwd +nd wwdd hav~ been pas~t~ ro ~nd bsen Mld by tM Mwtp~yN l.ad it been
dvly and rpubrlp aaaiqn~d, xuuf~rr~d. s~r ow u~d deliv+nd unfo tA~ Mw~gaqer bY ~w+~at~ d~ed of ~uipnn»nt norw~Mar~nd;rp tM f~cr ~Mt s~» iruy be
i~riaf;ed ~nd c+ncelled of fKWd, it b~~ ~M intem~on of Hw part~s Mr~ro d~a~ M• sam~ w~ll b~ a~risfMd ~nd cancslMd o} recad ~y vl» holden tM.eof ~t a~baA
rM um~ of t!» r~cadng oflhis ewr~q~q~.
~ 16. To pay all snd s~ny.,~~. rhe cosrs. c?~arqes and e.penses. ~~clud.nq iawyer's tees. renonaWy ~ncurred o. pa~d at any e~me by rhe M.wrqaqee. Eeca~se o4 Me
•a ~::re oi the Morfyayor ~o pe.fo.m, canply wnh and ~o~de by exh an0 evpY ~ht a~~pu4t'ons, ayeements, cond~~~ons.- ~od corenae~s of sa~d pomnsay note and ~hn
~ aecd w e~rh~r. u~d e~e~Y such p~yments sh~ll be~r lnttr~s~ lrom dare at ~ht qfe p.ov~ded ~n aNd prom~sfwY ~~e.
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17. 1Mh~n any ~mount of n~onsy b b~ p~id b~r tM Nlwly~qw to fM Marly~q» und~. ~he 1e~ms Mrw1 sA~ll b~ in def~ulr, or sAould tM Mortpapw de(wh in f
i ~ny of the odwr tenro. povisioea or ca+d~tioro of this Mortq~y~. M~n ~nd in that cas~ the Morty~ye~ sh~ll Aav~ th~ riqAt, without nonce ro tM Mor~p~yor, to
~ col~ec~ ~nd r~teiw froe~ M~y tan~nt or {ass« of s~id morlq~qed pr~~nisa tM reny, issues ~nd pofin of th~ rNl es~~r~ herebp rnwtqaqed snd tM imp~ovem~nb
f rA~reon, snd b pv~ praO~r r~uips ~nd ~cqvinr~c~s there(w, snd aher p~yirq •11 cormnisaia~s of ~rry ren41 pait colkctinq t!w s~m~, u~d any reasauWe attormy's
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~ iees ~nd o~lw nec~a~ary ~ap~ns~s inc~rred in colMctinp wm~, w ~pply ~M poceeds of s~cA cdlectiom upon anY indeM~dness, obliya~ion w liabilify, of the
~ Mw. ty~qw ha~eur~. TAe ripht qr~nMd rM IlAortp~yN under fAia paray~apA sh~ 11 b in ~ddd~:on ro. ~nd shall rat limit or qttrict, any otMr r~yht ot riqhts qram~d
~ rh• Mpfp~q» in fF.is Mony~p~.
f la. If ~M Mwrp~qws sf Nr ~irM ot ~ki this Mor+q~y~ w wbssqu~nt tAe.~eo hk~ wn lif~ inswar+c~ desi ti tM Mw~ x~r w:rA a
s np qn~ rp qspe~ Aerein u benefici
companY approv~d br fh~ Morty~qN or sssipnt polici~s to tl» Mwtq~pN fw /M purpos~ o} aecurinq th~ matq~q~ Iwn Mreby secw~d, ti»n tM Mort~ye~ sMll
; ~ave 1M ~iyht b pry~ any p?e~+iu~w atcruinq undr said policies. ~nd s1I swns so ~ape~ded shall b~ dd~d ro~nd Mtdm • pkt of IM pintipal indeWednea senrred
v by Mis AAortp~p~ w~d ahall D~ p~id bp N+t Morp~qw ro fM Mortp~qe~ in trvelv~ pwl cortsecuiive monM~fy ins~~llmenn, th~ fint monMF~r imNlMw~f W b~ paid ~s •
~ part of end in ~dditian b tM enonthlp paynw~t du~ ~nder thia Mw~ in th~ Iinr ukndar monM fotlowi tM • ,
~q~ nq xpendinp o1 aid s~en. S~rch svnes w eapended
~ ro be~r int~est ~t tM nh at whicA «nterest is p~yabM upon isid p:nc:psl indeEtedr~ess ud ~A~ li~n o~ th~s Morfq~p~ ~hsll ~:tend a snd s~c~re r!~ sw.es w e,pended '
S
e roqe~her wieA inNra~ tMreon u heranbefor~ povid~d. ~
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~ 19_ ilwl bpNhN ~rilb oad in odditiow b the ~oalAlr poYn~eel of priacipol ond MfNM~ ~Oblf YnAf/ tM Mrw~ d tl~e wut~ secvred Aerebp. A~{oAqo9or ~
iholl p~r fo Mwtyo~e~ ~ocb wontM u~n7 soid nof~ is (olt7r poid. one-fwelfth (1 /14) oi o w~ eqod b 11w onauol prNiw~ due for fi~e, e:tended coreroye, ~
~ a~d o11Kr ba:md 'anu~anc~ wwr'Nq N~e wort~aqed property, plvi toaes ond oss~ssnenh neit dw ow tlw wwrspoqd p~op~Mr (dl os esti~ated b~r /iAortyogee) ~
~ le?s all wws olr~odr poid therdor, and M b~ divid~d by tl~ nuaebe~ of a~onN~s m ~lopse prior to tM dot~ rrlie~ wd~ twcn owd ass~swwen~s shall becwwe ~
delinqwnL Soid w~s ahoN b~ ~eld bp Mwtyope~ ia hnst w a~dited b tM pru~cipd of tAe bw. to pop soid iwswoec~. luaas, end msessw~nb aed aAoN - 3
~ be oppli~d ow N~e pay~t Nwraof wlww due. My euess ~eld in bud bp Mort~pop~e wben soid loon - it poid iw frN shall be poid b Mbrtqopw, or 6is
~ eisiyns, o? persowd rep~n~ntoti~es. Iw tlw ~eent of o de(ovh u fwecloswe, soid w~s ~eld ia trdsl ~ep be oppfie~ ow oer costs ol do~wyes wstoined in
~ connection v~itM li» coll~cliow of tlie noN wcrred 6srebp vbetber br wit, ioredown, o~ otbenrisa A4ortyope~ ~or frow fi~e M tiw~e o1 ib option roivt.
~ ond ofM~ oer src4 wroiwr, rei~sfoM a~r w oH pro~isio~s hereoF requirin9 wc6 d~posils, bp wtice to Morfyo~or iw vrriti~~. W6ile owr wch woiw? is in
~ effecf, lrb~lyopor shdl pop to~c~a. oiseas~enb ond isswonc~ prew~ir~s m hsrein else~?here prorided.
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IN WITNESS W~ECEOF, ~ ~aid Mon~+yor M..w+a .M, hii hand u~d ud 1hu ~M d~y ~nd „a f:~st ~bor~ wr~n~n.
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~ Syrted, seil~d ~nd dehvsred _ . ~ - - - (SfAl)
n» a.x~. o+_ se H. Bateman
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- - . f?.S~l~{ C ~.1J~~!!!_. ts~?u _
" - Irene C. Bateman
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~ eooK223 P~rE 979
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