HomeMy WebLinkAbout0416 p. io PM(a~. ~wroh~ w~N~ and ~bd~ al ~~cA ~nd ~v~ry ~t~yu4tam. +p~«~nn. cond~t.on~ ~+d cova+~n~s ~w sa.o aaw.saory na~ ~ne weo ~w iorn~ ~
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7. If w~y of Nw ~wr oi niawv 1~~in ~~1w~~d ~o b~ nW wowiv~M +~d hrlhr wiA ~r~N.:~ Mr~+r l~0) dhn m~t ~hr ~M aww a~v~.Nhr Mca.r d.w ~nd wr~l~,
w i1 N~ w~d ~v~ry Ny slipvlNiwr. prw+rwd. conb~:oro. Md covNwnl~ of ~i~ Waw~isop aoM w{w~+y w~w~y~p~. a eiiAp. nW duN oM/anwA. cap~.M
wiN~ ~nd ~Eid~d oY. tM ~Oq.p~a •ww nwM~oerd in s~~d pawi~~aY ~oN sMA O~conr du~ «i/ wtf~ Iar~Aw~~A a Mw~a/w H tM oW.on o1 tly Morp~qN.
•s fvlh ~rd cowwM»M M if uiA ~pp~~WN swn ol nwew~ ~ra a~Mlh Nipr4t~~N b~ w.A m wcA dil~. Mw+~~M :n +ud pawtswry eoN or Mnin b Ny
conn~r nonn~undi.q.
Te drlivw a wid Mafy~pN. on a Mfw~ AAucl~ ISM d~+d~ ua ~~:p4 MdMC:^Y Mr wY^»^~ ~ ~H I~whdly irnpos~d fa¦w fa Nw a~c~d~rq
uNndw 1N+r. b ddiv~r b wid Ma~p~q», ncNab w~idw~c~.q ~M wYwwnt o/ aU li~m la p~Wic :w~pror~Ws w:M~in ~:n~b (901 d~ri dN~ Nr avw~ Jyll b~cow» ;
dw ~nd ow~M. ~nd a wY w AiuMrp~ wiMw~ ni~w~y (VW d~t~ .fnr du~ d.a. .ny .nd d1 oor..ew~.u1 I.v..s ~Me w~ b. ~w.d. a? ~M ~w.~9.q.d o•~h. :
on Mw ~aq~Y~ a~wN. a iw any oMw w~y rewltin4 haw dr Mwty~p~ p~d~wdw~ss s~cw~d bp ~Ais nw.tp~qr ~nd il ~his candu:m b~ na cawl:~d w~~A ~nd pN• .
faww4 s~fd ~o.+o•o•• T+r wr wd~ ~uw or aw~s wAicA aMll Escaw~ nw ol M~ d~M wcw~d br d.:~ ~ww~q~p~. and sA~tl b~ inMw~ Mw r~N oi ~i¦ pM c~+t. ~
(0%I OM Mrw~R l~1NbN urwi-ww~lly ~n1i1 p~id w s~d MbrfW9» wyY ~4tt M~t s~:d ~or~9p~ d~b Nw~uOw~ A~cony du~ ~nd WY~bN iaMwiM. F
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9. It is funMr eowewu~d n~i ~~+d ar u:d w~+~ ~w ~n tM wa~t of • sw~ bNnp iew~wnd ro fw~ebw ~his rwwq~p~. ~M M~or+W~ ~halt b~ a~utNd w• ~
~voN «~r ~ p~ndino •ud~ for~cbw.• wN w N» cawt lyvfno i~?ud~ction ~~.eef ~w ~M pooaean~.N ol • r~ceiv~r e/ .x r+d unp„4r w ew.t9+y~d w~b. ;
~nd of ~tl M~ nnb. tncaw~~. vrofib, iuw~ ~rd ~~s ~Mno/. haw wA~tsow~? source dn~v~d: ~nd M~~~ioow i~ is M.~EV ~,pN~M tova+n+»d ~nd prNd 1
~Att d» eow~ ~MII forthuriM appoi~r s nswvr d s~id mwqp~d w~~Y. ~11 ~nd unq~.lar. and e1 s~cA ne4. Mcow~s. o~of~es, 7s~w~ end nv~nw Y~wwf. Iron~ 3
wh~ho~w sowc~ d~ri~wd. wi~h ~M u~wl Ve+r+n «+d dueiu of r~cr:vws in l:k~ us~s: ~nd wd~ +voo ne•rnr Jril E~ nrd~ M~~cA cowt ~s a~attK ol sti~ct riyM i
a N~ M1a~0~q». iq ~uuwson. M9~ rpr~w+r~tivw or as~vn. ~nd wi~haA ~ehr~na to Nr +d~wr+cY ar in~y d Nr vNw d M» w~~Y ~~br ~W~9~. ~
OI fo MN ~dvMCT O/ MW~NKY 0/ 111~ MOA9~YOI. and IA~t sutA fMN. polib. into~M. ~sswf Mid rfv~M+N f~u ~~ppli~d a sud~ rKfiwr b N1~ WYn~Mf oi 1M
Ilqrlq~p~ Ind~bNdMf~. o0sb M~d CMr9M. a0[O~d'~1Y b IIM OrdM ol ~utA cOUrt• ?
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10. I/ ~ coerMa~ ~hould E~ nrd~ bp dr 1Norq~po? oF tM 0~~ Iw~in describsd. a~ry o+~~ tlw~ol. ~r~dwu~ ~M w~~n~n to~wn~ ol Ny Mor~p~p». +nd ~
nritlaul u~nW~on in rpu4r forw d bw bp d» qr~ntw ol M~ oWip~tion ~o d~~ Mbrtq+YN auNd bt? saia vrawis~orr noM ~wd N~i~ ~ap~y~. Mrn. ~nd in ~M~ i
Mnt. and st IM oWion o1 1M wit~l ~y, ~ 01 w~ary slcw~d lrrebp sMN irwwr6ahlp ~nd tencv~nMip wi1A sutA convey~nt~ b~caw~ ~
du~ a~d araw. .na ~n e.f«rM. ~ 1 \ ~ ) . ~
I1. 71+.~ in ~I+. wen+ dw w.~a.s A.r.M ~«+v+a•d. ~r .wr-w+•N+...o1. J+.n s. condemn.d n+d bt.n fw v~~e unda oo«~r of .w~in~ doe+.'r~.
Ny Mprly~~ sAall luv~ Nw tqM b d«wr~A MY ~11 dra~pw aw~?d~d 1er tM Ukirq d a d~. a~d pr«w~aw ~Adl b~ pi~d a ~1r Mo.+ppw w ~o Me +wwun~
M~~n w~qid on Nw +werp~q~ ~nd M~ apiow o! My lMorqpN w~ b~ ~vO~d uvoe th~ p~y~ea lut O~f~aW~ M+n~ow.
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12. TM w~wry~yor b~nds hinw~f nof~b n~et a pwwiit q b~ er~a~d ~ehr rrw ~uit6ngs oe Nr p~w~isw hv~iw wwrp+pd a b add ro or pe•~it b b~ ~dded =
w MY d tM •aisMq i~p~or+nw~b ~w~ w mak~ rw chr~qM or a1Nr~t:oes in uid i~naov~enrnb wA~ er~r:~lhr dwq~ dr arwe a Me us~ ~Mnof, w~MwM ;
~M vr~ilNn taa~M o( tM Mortp+9». ~nd in Nr ~wnt of anq vio4tia? a~ NNwW w v:olsh N~is at:p~btion N+i~ wat9p~ and ~II swws ucwed lw~r sMll ~w? ~
wr~iNey e«an. d,. .ee coll~c.~et~ a N+. optia+ o~ u» M«+9•p••.
t~. a:: .a«~rK,~h .~.«e d+.+ r~+. y of M. ~ r,:. ~o~b«+ ,~d M.~ no w~.~ of r+r op'qnbn Iwwnd~r w o/ dr oW~pa:on s~cwed AereM sAall N an~
tiwM ~ hfld a b~ ~ waivlf oi NM IMnM hM~01 a OI 111~ inNU~w~M seqr~~d hN~bY- ~
1!_ If fa~cbsuh D~~Y~ ~+~w s~cond nwrt9+p~ or s~ca+d trvat d«d or aery iun~or I~en ot any kw+d sha~ld b~ i~nri~vr~d. fM Mor?wsee ~n+y. a~n eW~on.
imwrdiahly a MwNffN el~clare tAis nw~~9+p~ u+d N» ~ndeb~dr~u ucwed Mr~M dw ~nd wr+Ot~ /orNwvi~ly ~nd wr7? N ih eo~•o~ aocKd t0 IO~KIOf~ ~A~s
mw/p~9~•
13. io tM ~itMU of dr ind~bNd»a~ of d~e Allwfq~qor b Nr Abrt9~9e~ dnu~bed 1+ere:n w secw~d M?eb? Nr Mor~q~qe~ a A~.eby s„broya~ed a rM tKn w
liw and to N~ riyAb o( th~ o~r~a ~nd holden N~ereof oI ~~cA and ~y nwr ~y~ye I:en w aMr :ncw+~brww on ~M land dnc+ib~d Aarein which i~ Prid ~nd/a
s~tisfi~d in wAoN a in p~rt pn o! ~M proceed~ of tM Iwn describsd hers~n a ua.red I~erepY. +~d M» resp~cav~ l:em d srd warq+yes. I~ens a oN~sr ~ncu.nb~nces
sAill M N~d /M. s+R.~ and Nth of thnn he+ebY is O~eserved ai+d aAall pus b and b~ Ikld pY ~Ae Mplqp~~ Iwsin d tecvriM ior tM iedeM~dneu b 1M Mw~qaq~e
Mr~in dacribd w hereby ~acwed, b N+~ s~ estent Nyf it wwld ha.r~ Deen w~aerv~d ~nd would luve baen Wssr! b and bc~n IrW bq t!~ Mwtp~g~e Aad :t beee
duly ~nd rpul~rFy a~sipmd, aanferrad, aN ovw ar~ drl:v~r~d una Me Ailw~q~y~e M s~vu~a deed of p~:q~neM nWw~~lut~nq H+~ f~cf ~M~ Mr aan+e n,ar be
uhsf;~d and curcdled of ncad, it es:nq tM ~n~enr~on of tM prnes here~o th~t M~ sanr wdl 6~ unsfled ~nd cancelMd of r~cord by i+e holders thertof ~t or abo~t
th~ ti~ of ~M ncordny of ~his nwrt~ry~.
16. To paY all and a~nqula. rhe coars. cM.ges and e.penso. ,~+ct„d~nq ~a«rt.'s iees, re~sonab~~ ..+cwred w w•d i~ anr r..r.e c~ Me Mo..qaqee. Decr_se ol ehe
~~:iure of ~I,e Mwtqaqw to pe.fwm. complr v.~rh ~nd ab~de btr exh and e.e~~ rht a~~wlanons. aqrcc..~enta. cond.r.ons. and covenanrs of sa.d pom~ssa~ ~o~e •~d rhn i
deed. o. e~the~. ~nd e~ery such par~ne.,n +M~i be.. ~n~eres~ froin d~te at N+e .~~e ww,ded ~n sa~d ww*~aso~v no~e
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~7. ~IM1 Nty NlWUfN O~ MOMy ~O ~~~*M ^^^•lrf/~^ b 1~ ~Of1~0l~ IM1~f I~f! tlfwM hMlOf l~4~~ ~ i/1 ~MI~f. OI ihOV~ t~1! MOf}qiQOf df~~Y~t iff #
my of tM odwr ter~s. O~ov:s:a+s w cond.~~a+s of M:s Mwf~p~. ~Frn and in M~* us~ ri+~ Mw~gaye~ sMlt A~v~ dr ripM, w~thw,r naKe ro N» Nbnqpor. +o
collect and reniw frww anY Mn~nt or Msu~ of swd wwrtq~qed o~e~isn Hr rer~b, iu~ea and orof~n of Hr rwl estaN her~bY n+onpaqed and kr :mpove'nenn
eMreon, ud b qiv~ pop~r r~cNWs ~nd +cON„~nds fherefor. ~nd after WYin9 •11 com~~u:ona oi ~ery rentd peiN collsct:ng Mr aa~ne. ~nd rry rwsaub~~ ~rrwney'a
i ~ees ~nd oMNr necess+rp ~=qro~s inawred in colNctin9 ~anr, b+DaY tM oroceeds of s~ch cdkct~oro upon anY :ndebadnesa. obl:~t:on or I~sb:liM. o( th~ '
~ ~+w9a M.a.,nda.- TTr r~Ohr qr~n~ed N~ Mo.qp.~ ~r r,ia v«~w+9~ sl+.~~ b. ~n ade~twe to. «+d shau na I:.rt w r.w~cr. +~r ahu r:9Ar « nyhb yra.aed ~
~ ?h~ Monprp» in Mis Matp~q~. ~
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~ lE. If tM Allwty~yws at ~he ~inr of e~tinq thia Morfype w wbseawnt M~rero t~tc~ ow 1~/~ inswsnn dnign~tiig t!N Monyye~ Anein u benelic:ry with •
~ co,npany ~ppoved by Nr MwfpsyN a aasiqrr polic.es ~o tlr Mafq~ye~ for IM purpow of ucw:ny Nr mony~qe Iwn henby secwed, ~Mn N+e Mony~pee sMll s
have ~he riqM to Wl~ +^Y pM^i~ww aocrvinq w~d~r aaid Pdicies. ~nd aIl awna so e~ve~d~d sha11 bt idd~d b~nd b~coer • WN of tM pinciWl i~deMe6ra atcued
~ by this Morp~q~ ~nd ah~ll M paid b7r tM Morlq~yor b dw Mw/y~,qee in twelv~ eqwl consacv~ive .r+omfity ~nt~l4w~nts, d+~ (irsl momAl~r iroull~nt ~o b~ p+id p a 'r
F put of end in addition b~ monN+ly p+yn~~ du~ w+der ~A:s Mo~qt ie ths fint ulendar nwnM foflow:np tM ~:pendwg d aa:d a~wn. Such su~.a so eapend~d
to be~r ~ntaaf at Mr ~ne st wA;cA imerest is .Kart9y~ shau eawed b and s~cw~ tfr sums w c~pended
WYabb u{wn ssid pinc~Wl indeEtedness and th~ I~an of ~h:~
~ ~oqether wi~A interut ~lwwn u haanbtion parid~d. z
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~ 19- iLd 1o~eeY~ ~ili~ awd i~ oddiliow b th~ wwtlJp pap~ewt of principd owd ote~est popo6le ~r d~e ter~s eF ~e wo~e ~ecvred ber~bp. Mbrtya9u~ '
~ shall pop b Mat~o~~ eocA wontl~ ~~A wid wWe is fulhr poid. owe-t~elftb (1/lZ1 of o s~ eqvd to ~M a~wral pre~i~ doe for lK~, eitewdcd corerope.
and otlKr 6a:ord iwsurawcs aonriwy t4 ~orlyoped Prop~~t~r. Plo+ t~es owd osses+~ewh wesf dre ow 11r ~wtpo~d propnf~r (dl as est~woted bp Mo~tyogee)
~ I~ss oll wws dready poid t~erdor, ond 1o M d"ni~Md b~l tiw nv~ber d~s b elaps~ priw b tM dde ~Iw s~ t~ts wd uwss~ewes sbll becowe
~ ddiwqwnt. Sad sr~s sbaN b~ 6eW bp Wlorspooee i hvsf w v~difed b t~e priripd oi ILe b~, b pop said i~swa~o~, la:es, awd osses.~enes and abq
~ be opplied w t?e pop~t t6~r~oi wlrw dYe. Aqr e~ceu held i~ dvst bq Mort~oqe~ wAe~ soid baw w poid i~ f~ a~oM be poid ~o Mortpopw, o. bis
~ ossipss. w peno~d rep~esMbliws. Iw IM ew~ e( a detwdl a foredos~e, wid sw~s 4W ia tr~rst ~qr be appl'rd o~ awp cosls of dow~opes wsw~wed in
conwMiow ritM IM ooM~cKos ef t4 wole s~c~red ~ebp rhetLer b~ wit. (aedosw~, a otl~e~ae_ Mwlpoy~~ ~or lto~ li~e b tiwe ot ih option roi~e.
ond ofeer asy srd~ waive~, reiwswM wp or oM prwisioes 4ered rpri.iny soc4 deposies, bp ~otin b Mort~opor iw vriGp. 11VrJe awr wci rro:rer is in
.ffM. Morqtepor s~ali pop toaes, msesa~ea/s aed iwwrawce Fre~iw~s m hereis else~he~e P~~nided.
20. As required by the Federal D~saster Protection Act of 1973, to keep the buildings and
c ~~11 equipment and personal property now or hereafter on said premises covered by this mortgage, in-
~ sured in a sum at least equal to the unpaid balance hereof, against the peril of FLOOD damage,and
~ to comply in all respects with the provisions of the FEOERAL DISASTER PROTECTION ACT OF 1973. Al1 _
provisions of paragraph 3 above shall also apply to this additional Federal insurance requirement. ~
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~ IN WITNESS Wf1EREOf, Ar s~id Mortp~qor hw~unb wb hh hand ~nd sNl Ih's dr d~1/ and pw? fiM ~oN wrilNe. s
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s_:3 s~ ~d ..,i.a «+e d~s,~..~a ~~"Lz`='~-- - L'~"~"1i~tsewi~
_ ,~„,."a~. HARLES F. ADAIR ~
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