HomeMy WebLinkAbout1012 7. If ~ny of tM ~wa of /ewMy Atnin ~~f~n~d M b~ nM Mw~O~h~ Md /v14 Mid w~M.n H«~r f101 d~ps n~a~ ~I~M ~M un» ?~v~r~11p b~caw~ d.» «+d wr+dl~.
a il ~A ~nd ~wry N» N~p+4~ioe». WrMn~nti. cond?~orr. w~d cov~nh el ~~id pran~s~ory noN u~d Mn Tonpap~. a~~Mr. M~ rol duhl 0«/w~4 ~wM~~~d
w~~A ~nd ~Eid~d bY. ~A+ ~yprp+~~ iww nwnu«rd ~n a~~d aani~~wY ~+oH ~A.11 E.ca~r dw .wd wr•bl. IaMw~~A a~Mrulw N Mn oW.ew ol N» Ma~p~p».
n fvllr ~nd cow~o4Nqr M if Nid ~yqrp~N ~un~ ol ~y waf aipieylly stipul~t~d a b~ p+~d on ~ucA d~Y. ~nyM:ny in u:d pawi~wry e~W~ a Mr~iw b 1M
conaMy nofwidyqndinp.
t. To d~livM ~e wid Mwtq~qN. on w b~fw~ M~rcA 1SM oi ~acA y~N. ~~a ~ea~OM ~v~dMCinp Nw pyewn~ ef all I~wfully ~wipoHd ~~¦w ta tM p~c~ny
c~Nnd~r Yw. b d~liv~e M uid Monp~pN. ~KfiD1f ~v~dw~c;no ~M wrT«a ol •11 t~em fa publK i~ov~~nt~ wt~h:n nin~~y (00) d~r~ a1~M Nr suw~ ~Aall buan~
dw w~d WY~ON. ~nd M WY a AiscMrq~ wi~Ain n~rw~Y (90) d~Y~ ~fip dw d~N. ~ny ~nd dl pewrro.w~ut Iw~~s tMt ~r b~ nwd~ on NN rnor~w9~d WopaW.
on thq mw?pp~ a noN. ar in ~r aMr waY r~wl~~eq haw ~M Ma~p~p~ indebqdn~u ti~cur~d by rAis Twtqp~: ~nd if Mi~ cond~?~on b~ na co~nplied w~eA w~d per-
fanwd, s~W ~a~p~pN ~naY MY wch ~un~ a~wm wMicA ~Aall Eecwn~ w„ ol rA~ d~b~ s~cw~d by thif ~a~Wq~. ~nd sMll E~M in~MM~ ~t ~M r~N ol sia pM c~nt. ~
(A%) pa ~wM4 MY~bM sawi•Yrw~lly unlil pNd a s~id Mortq~q~ nyY ~IM MN uid nwnqp~ dtbt tMr~Ww~ Mton» dw M~d WY~1~ faMwitl?.
9. I~ is /wtMr coae~anad ani prNd bY u~d pu~~e~ tMt in ~A~ ~wn~ o/ • svit b~~nq insfla~d ro ta~cloi~ Mis nwr~p~q~. tM Mw~p~9N aMll b~ ~n~id~d ~o
~pply ~f ~r tinr wndinq such fw~cbaun w~t ~o th~ carn Aaviep 1w7adia~on Maeol 1w ~M ~ppan~me~~ o( •.~ceiv~ of ~11 and ~inpular Mr nwrtq~y~d popMty.
w~d of ~II M~ r~nh. incoin~s, pofin. i~~ws ~nd nwnw~ tMrwi. frwn wMho~ve~ soua• d~r~v~d: ~~d Nareuoon i~ i~ Mr~by ~ap~ssly cw~n~n~~d ~nd prNd
tM? N» cowt diall faMw7N~ ~ppant • nc~vw of wid nwnp~q~d pow~hr. ~11 ~nd ~inqu4.. ~nd o1 sucA r~n~s. ~nco~~. po(it~. i~wn end nv~nw tlwwf. iron~
wMhow~r wwn wrivrd, wiU? tM uswl powws ~nd dwib of recetwn in lik~ uus: u+d such ~ppo~mmem sMll b~ ma~ by aucA cow~ u•~n~nN of sxic~ ri9A1
ro ~M Mor~q~yN. ia suunsw~. r~w~s~m~tiw~ a a~uqns. ~nd witAoN r~faenc~ a Nw ~d~a~+~Y w in~dpu~cy of ~M wlw o1 ~M Waw~Y Mrebv r~or~WWd.
or w tM wlwncy or imolwncY ot q» Ma~p~po?. w~d ?M~ sucA r~n~. poli». inco~w. ~uw~ u~d rewnuw ~Aall ~ applad bp sud~ r~c~iwr to N» wynKn~ of MK
mortp~p~ ind~shdn~u. cwb w~d dwou. ~cc«d~n0 w Nr adw of wch court.
10. 11 ~ conwrwrc~ ~Aovld b~ ~ud. bp Nr Mo.q+va of Nr a~m~~.. hvw~ dew~eed. a~ny v+rt M~rwf. w~~Aw~ ~M wrin~n conw~t ei ~M M«~p~p». M+d
vntAouf ~siwnP~ion in rpu4r torw oi bw Ey tM yantN o( tM oaliy~tan to M~• Mort9apN au~~d bY uid prawit+wp noN u~d ~hin n.o~9~q~. Ma~. a+d in ~Mt
waH. and H IM oD~ion d N» Map~qN. and w~Mou1 no~iu. all wwr of mon~1/ ~cur~d herebY slull inrndi~My w~d contwnnNy wiM sucA coe~veya~c~ E~coww
du~ ~nd WY~bI~ w~d in d~fwh.
11_ 1fiN in d+~ wen~ dr D~~m:s~s Mr~bY nw.eqap~d, a anY Pu~ Mwwf, stiill b~ conde~nwd w~d Uk~n fw w+aic irw w+der Nw PoYw? oi ~w~ie»nf do,n+iw.
eh~ AAappM ~11 Mve N» ripht ro E~nd Mat dl daT+qei awxd~d la ~M Nlinq of a dan+q~s ro swd p~sn sMll b~ pa~d ro Nr Mo.+p~q~ w a rM ana+nt
tMn unwid on ~hi~ nqrt9+0~ and ~t ~M oWion of ~Fw JNortp~yN nrY A~ ~vP~~~d upon tM Mr~nh Iut pay~bb tMnw?.
12. TM rnatp~pw binda hi~~lf ~ot to M~ct w pkinit ro b~ er~ct~d ~ny mw buiWirpa on tM pr«nisti Mni~ mortp~yd or ro~dd to or perm~f a A~ ~dded
~o ~ny d tM ~:isrinp imprmhen~ny rMrwn a m~k~ ~ny ch~s a~Ne~~tans in said imporen»nh wl~~c# m~~etiullp cMny~ rh~ u~nt w ~M us~ tMrw1, wirMxn
tM vrritt~n coen~nt of tM Mortqp~. ~nd iw tM ewnt of ~ny viduion or ~nemDt ro v~ot~N fhis st~pv4~~an Mi~ ~nwtpp~ ~nd ~11 awws •ecwed M?~bY sMll im~
m~d'i~tdy b~coe» dw and colba~bl~ at Nr uWion o1 ~M Mw~9aqN.
13. l~ is ap~ciiKdly ~qr~d tMt tirn~ is o1 ~M essurc~ of Mit co~tract ~nd tMt no w~7./er ol anr ob7pa~ion Iw~wnds~ a of N» obliy~~~on s~cvred 1+~~ebr shall ~t ~ny
r~rn~ b~ Mld w b~ • waiver of ~M Nrnu Mho1 « of rM imtrw~eN secw~d h«~by.
1~. I( ta~cbtw~ poce~nps o} any a~cond mwtp+p~ a s~cond trus~ d~~d or any iwuw lien of any ?ind sAouW b~ institu»d. tM Mor~psse~ m+y. ~t ~n op~ion,
~mnrdiayly w NwNher d~cl~r~ this mor~yp~ ~rd N» ~rd~b~~drwu a~cwed hw~bY dw ~nd wY+DI~ faMw;th, ~nd rn~y ~t in oo~~on µoceed ro fw~clo~~ ~h~~
/rwrtp~p~.
13. To th~ ~:t~m ot ~M indts~~dn~a~ 01 th~ 1Norfp~qw W tM Mwtq~pee dncrib~d her~in a secu~~d he~eby ~he Matp~qe~ is herebr suMopa~ed ~o tAe I~en a 1
I~ens u~d to Nr riqht~ o} ~M owiwra and Aofd~n therwf of ~~ch and ~Y ~?9+9~ lien a o~Mr incuTbr~erc~ on Nw Iw~d d~suiD~d Mr~in which is W~d ~nd/w
a~tiifi~d in wlwh a in puf ow of tM poceads of tM Iwr~ deur~bed her~in o~ s~cured Mreby, ~nd the r~spactiw li~ns of s~id mor~yayea, liens or oMr +ncumb~nces
alull b~ ~nd tM. wn~ and ~acfi of theT he~eby if p~served and alyll p~as ro•~+a e. hea q~ d+. Mo.rs,yr. ha.«n as a«w~+y Nr ind~b~dness ro th~ Mw~p~q«
Mr~in destrib~d w hereby s~cwed. ro tM sarn~ eaMnt eha~ would haw been p~snv~d and woutd Asv~ been paas~~ ro and be~n htld by the Mwtq~p~e Md it been
dvly u~ rpulKly assiqn~d, haroferred, sN owr and del~wred w~ro tM Mortq~qee bY s~O+r~te d~ed of aasiynment notw~thst~nd~rq tM facf tMt tht sune ~nay be
~~ti~}~~d ~nd unc~lttd of ncad, it btiny tM iroen~~on of rM put~es Aereto +Mf the sa~ w~tl be s~t~afied and cancelled of ?ecad Dy ~he hotden tMreof at a~bwit
tM ?i~ o! tM r~ep6nQ o1 Ihis enwly~y~.
16. to pay a11 and s~~qular rRe cos!s. cMrges •r.d e•pe~sea. ~~c~ud~ng tawye~b 1ees. reasonab~v ~^~~r•ed w aa~d ar anY nme by +ke Mor~q.~ce. bcca»se o4 ~he
•e ._ro of rhe Morrq~qor to pe.form, co.+~ply v.~th and ab~de by each ind e~ar ?~~p~ta~.o.+~, aq.eeme~rs, cend~~~ons. and cevenann of sa~d prom,~swy ~orc a~d r~~s
ceeo or e~•~x•, and ever~ such p~yme~+y sMll bea. mterest lrom daro ar d~e .aro aro.~~ded ~n u~d p.om~fsar ~+ore
17. 1M~~n any ~nwunt of Tor»y M b~ paid by ~M Mw~p~pw w tM MoN9+9e~ w~de? tM ttrms Mreof iMll b~ in def~utf, w shovld rfK Mw~p~po? d~twlt ~n
a~y of rM otlw terms, provisioro or eondii~ons of ~liif Ma~qpe, th~n and in thae ui~ ehe Mw~~ge~ shall Aaw ~M riqAr, wirho~,~ no~~u to eM Ma~g~ya, fo
co!~ect snd receiv~ fran snr N~ant p l~ssN of uid ~nwtpyed premi~ea tM r~nH. iasves ~nd potih of tM rul ptN~ hertby rnwty~pd and tM impovemenh
, rherep~. ~nd p q~vt poqr rec~ipts ~nd acQuinanc~s tAer~for. ~r+d afee~ payinp ~11 commisaiana of ai+y renNl penl colkctiny tA~ sune. and any reasa+sbl~ ~tean~Y i
iees ~nd otM+ neceuuy •:p~rnp inc~n~d in coU~ctinq u.~w. to apply tM proceeds of such coll~ct~ons upon ~ny indeWedness, oEl~y~f~on u liabiliry, of tM
Mortyapor huevnder. iA~ riqht qr~nted tM Morty~y~e wder Mis parpr+ph shall M in sdd~t~on to. ~nd sAsU nw i~rnit p r~strid. My o~Mr r:9ht a r~qAri g~anted
' th• Morlp~yl~ in this IYbnp~qe.
,
i
! 16. If N+~ Abrr~qws at fhe ~irn~ of rnt4~rp Mis Morrp~p~ a suba~q~rM+f ~htreto tab o~,l Ii/~ ins~,r~nc~ desiynrtiny tM Mortqaqe~ he.ei~ u benefitiary w~rh a
~ camp~rryr appoved bp tM Mor~p~qe~ o? ~ueyro pO~iCIH to tM Mw~q~qn for M~ pwpofe oF tecurin9 tM enwipape loan Mreby secwed, tAen t!r Mortq~qe~ sMll
ha~e tM ri9hrb pay anY premiwn aaru~eg undu s~id polici~s. and all wms so ~,p~nded shsll be added ?o ard b~can~ • pu~ of tM p~nc~p~l :ndebtedrwss secured
; bv t?+is Mwtp~q~ snd ahall be p~id by tM Mortqs9w ~o tM N~wtpeqet in twelv~ eawl c«necutive monMl~r ins1a11menN, tM linf monMly i~sta~ImsM to b~ paid H•
~ pan of e~d in addition ~o ~M mo~+rhFy parrn~n~ dw vnder ~hi~ M«tyaye :n tM fint c~lend~r /nonrh follow~nq tM •apeed'i~q of s~id swn_ S~+ch s~ens w e¦pcnded
ro be~r imerpt ~t eM ra~e ~t which interest is pay~bl~ upon uid p~nc:w~ ~~btedness ~nd tM I~en of this Mwtq~y~ shall e:tend b~nd secw~ the sums io c+pe~+ded
!oqetlKr wi~A i~te~~sf ~Mrwn q hereu+befw~ W~vid~d.
~
' 19. TMa1 toyetl~ wilh ond i~ addition b fhe ~onthlr poyment o( principal und interest poyoble ~nd~r tbe fer~s d 16e woN secvrcd bcrebp. Nb~t9ogor
~ shall poy b Mor~yopee each wonth ~nti wid not~ is f„Ny paid, one-hrellti+ (1 /12) of o sw~ equol to Nw oneual pre~i~~ dYe ior fire, ratended corerope,
and otAer Iw:ord insuront~ tov~riny tl~e ~ortyo9ed p~opertp, pl~s taaes ond ossesa~enh neat dYe ow tk ww?9oped properfy (dl ui ~sti~ated br Mortyogee)
~ less all wws ol.eadr poid Mer~fw, ond b be di~rided br th~ nuu~ber of ieonths b dops~ prior ro tly doM v~htw wcM 1~es ond aas~su~tn~s sball become
delinqvent Soid wws shoN b~ 6eld bp Morlpop~e iw hosf w atditcd b Me priscipol of tM loon, lo pop wid iasY~ant~, toaes, ond outsswenh ond sAall
be oppl~ed os tl» pop~ewt tb~rwF rMn dw. Mr ~scess I~eld in a~st bp Mort9a~e~ wben soid loow in poid iw /rtl sAoll be poid w Mo.tpopor, or hGs
~ assigm. w persoaal represenwtires. In tlr ~nnt ol o defa~lt w foreclos~~e, wid s~~s held in twst ~ be opplied on wr cosfs oF dowoqes sustoined in
connettion with tIN collscliw of f4 woN secvred he~ebr ~Mther br svit, /oredowre, w otherwise. Mortyogee ~a~ fro~ ti~e to tia~e ot ih opt:oe waire,
~ and ofMr anr sucA wroiver, reins/ob any or oN pror'nwns hereof reqviring s~ch deposits, bp notice b Mortpopw ia ~rritiwy. WAile oer s~cA woi~er is io
~ efFed,. Morr~~r sIw11 pop toies, essessaenb ond ~nwronce preiwivss as Aercin dse.bere p~orided.
~
~
~
>
~
~ IN WIiNESS W:tEREOF, N» s~~d Mortp+qor herwna aNs his h+nd ~nd s~~l this tM dar ~nd yNr fint ~bow wnt»n.
S~qrtsd, ssakd and delivered - ~
~5: ,n w~uM. of: _ ~7 PH, JR.
. , ~
E
CL-C~c~! ~ - -~5:/~l)
CE A ANNE RANDOLPH
j ~
F,c
~f ~
;
~ - . _I_.- a~~ C L.
. ~ _ .
e~_ ~ ` - - , ~
i~ /
_ L~~'~ _l~{,~ ~.:l.l'~::ti~ ` ~ - ! P1GE~0~~
~ ~ 224 .
. _
~
:~z
.
x~
'~.'r . - . _ . ' 4-
~
~ t ?c~~
~ _ J l
i y
~ ~r
" - :
~ F' i.._.,__- . ~ _ . .a -r'-.~