HomeMy WebLinkAbout0759 triuler tu tl,r ~l+u~t~;a~rr u, acYV.~.rr .ct~ tt,R pn,~b~et u{-ti~r ~~utr srcurrd hrr~•b~~. full {?x~~nu~nt of Ih~•
entirr indebtrdnrac rr~x~,trd tt,rnrL~. t~.r \lun~. as tr~crr. ;t~all. in con~putii~K th~• anu~ui~t of such
indebt~lt,r~s, cndit to tLr acu~wani ot t:~ alon~~ aar cn.lit twl~?ncr rrn~~u~in~; und~•r thi• pn,~•uion: of (a)
of said {ut~ra~?k 2. !t t~,rn ~.aA br a.~rfault uwfer anr ut tt~e prnvi~iu~~ ~~f this u~ortKu~;e n~ultii~~ in u
pu6lie sak ot tl,r prru,i~ra cvcrnd ~rnrb._ ar J it,r 11ort~e sryu?crs ti~r pn,~,rrty otl~rrw~isr afte~ ~I~~fault,
tl~e \iortg~r+e. ~ trusta+r. st.a31 :pp~lr, ai ttrr tid~t ~ tF~r ronunracru~eM u( such pror~r~lin~,~ or at tlie tim~
itu pro~,ert~ i> ut}rrra•i~r aryuitr~d. tl~r amauat ttjre r~ueainin~ co rrr.lit uf ~IortKu~,n?r under (a) of ~,aru~raph 2 ~
pre~tng as a rndn un tLr iatrrtist ar~rt+~e~d aad anp~+1 *n.i t}~ b+la~~e to thr prineipal then ren~aiuink unpuid `
on said r.ae_ '
Se ~ pr~ aa ta~ are~e~„ nat~er saw, a~d otber ~~ameatal er municiPV ~~~0. ~
imPoit+oa~, far w~i prosiioa Vs ~ot be~ si.~ie 6~ae~bdac~ aad is de(ault theeeof Lbe Mott6~8~ ~Y P~Y ~
aa~e; aod t~t ~e ~ p~a~ptl~ ~eii~ tLe ai:a~i reioeipt~ tbaeior to tbe b~oct~'ee.
S~ Se ~ peisi#, oo~t, ar aie~ a~ r:it+~ ~eat, ar det~riotatiou ot aaid propetty ot aay patt thereuf,
e~oeQR, re~sooabie ~ear a~d wr; ard ;a tie ese~t ct tbe fail~e at the Mort~or to keep tbe buildinp on eaid
pe+emises aad t~o~e to be ea~e~+d aa aid pe~i~ ar i~pev~m~eats t6ereoo, is aood repair, the Mortgngee msy
ma~e sueb repaies aa ~ its ~ it a~j deea ~eoea~arT kr t6e peoper pr~sc.rvation t6ereof~ aad the full amount
of acL and es~? a~ei paf~eat ai~i be d~e a~d PaJable t6i~t7 (30) days dter demaod, aad ehaU be eecured by -
tbe ~iea d t~is aartp~ .
6. Be w~l pay a, aed ~adr tie ao~ e~~'s? a~d r~praw, ia~n6 reasonabk Lwyer's fees, aad ooste ~
d abetraets d tit1S mourred ar p~id at ~ tae ~ tie ~rt~ee basnee ot tbe failure on the part of the Mortgagor ;
poom~pt~y aod fn8p to pe~iar~ tJ~e a~ese~s aed oas~ts ai sid p~omimory note and thia mortgage, and said
oosts, e,h~~ea, aad a~eme~ sial be ~ d~uee a.d p.~rable and aban be setured by che lien of this morcgnge.
Re s~ oontipHOesd~e
~rfa ~s~aid ~sooe. at aic~ t7Pe or t~pes and amounte is biortgagee may
fra~m time b time nyt~in~ aa tie ~praseaeats ~as ar Lareafter on said premiges, and eacep~ ~vhen peyment
fot a11 sucL premiums L~s tiec~etofoet beea a~e seder (a) ot parag~aFh 2 6enof. he vvill PaY Promptly when
due aa~ p~+rmiums t~Yfo~c ~ i~saae s~ be carried m comP~~ ~PP~'oved by Aiortgsgee and che poli-
cies and rme~vals t~+eoi s~it be Le~d bSr ]ia~t~ee a8d l~a~e :ttached t6ento losa psvable clausee in favor of
and in form ~ooeptaWe to tre ]?[a~tp~ea _ L r~mt d 1oe~s he ~rill give emmediat~e notice by mW to biortgagee,
aad ~iortgagee ms~ aa~e p+od d~o~es d~ot s~de p~ompttJ bl Siortgag~or, and each insuranoe oompany
oonoerned is 6ereb aa~Lo~is~+d aad ~ect~d ~o ~e p~J~ent for snch ioes directly to Mortgagee instead of
Lu Mortpgor aad ~ort~ t~~
, aad t4 ~aaee pe~oeeed4, or anT part thereof, msy be applied by Mor~
gagee at its optian e~tbcr to ~t~edsesioa d t`e i~3ebt~ Le~+ebj seeured or to the restoration or repair of
the pinpe~rt~ damage~d. L ea~ea~t d fa~dosse d t~is moe~cgag~e, or other trsnsfer of title to the mortga~ed
~p~-~y ~ ~,rr,~,~.~.~t a[ tLe ~debsedoees secoae~c~d Leneb7, aII right, title, and interest of the Mortgagor
in aad to aa}~ ~ncur~aaoe p~oic~es ties ~ Eonoc sis8 p~s to the puccha.3er or grantce_
_ 4
A_ 1! t}~ prei~~~r:. c.r a~c part ~i,rrro~. br ~a~.lr.~?~ un.ler the powPr of en~inent dou?uu?~•or acquired for t
a puWic use. t}~ duua~ps asuded. t~~c pcurr~.l~ for tt~r taL-is~ o[. or the ~otuidesation for su~•h aeyuisition, to ~
tl~r estPnt of tf~e full ar~.oatrit a( t~r r+rn~a:u~ unpui.l iti~trbtwlnr~ .w•urw) bt~ this uiortg~K~~. arn liereb~- €
a~:~,*~~rd to t!?r ~1..rt~rr_ ~d 3:~ f,~rs• ~iNl ~f~~tf t~r p~wl [urtE?witi~ to :ui~l \iort~;x~;~~~ or his
x~igr~e to !.F ~p}~l~~l ..r~ sctY.su+t ~i~r r:~tttFii~ EtLi~Ill~tr[lI: of ~u~•i~ ind~•bt~~dnc~..: pro~~ided, hc?~~~•~•er, ;
tLc \1on~er ur i,ic sri~.-i,e.r. uui~ :t .f~mi._~cs ~lir~~-t to tL~• ~Iun~or, l~b h~•in ur ;L:,i~t4; at~~- part
or xll uf surt, aa~ : prvs-id.~d_ ~~i ,i z't~r ~-uar~c~t.~r.! ~x ia?sur.Yl, tt?e cr~rueut of the guar~ntor or i~~surer
is obtair~ u~ ~raric+e~ e.f .iid ~aa~~,rut_
y- ~e ~u~gee ms~, at sa~ t~e pr~ a~at ~pon this no~t~e, appty to the aourt having juriadictioa
E tbereofi f~ th apg~aintmmt d a reoes~er. asd s~ ea~t a~aII fa~rch~rith sppoint a receiver of the preanises oovered
herebr ati aad sinsular, io~ a~ aad ~d~r tbe ~oove, PnSts, i~~a. aad ravenues from whstever aource
~ dericrd, eaeL and er~s d s~ici, it bea6 ~f ~de~stood, is 6ereb7 mor2~,s~ed sa if apeeifieallv eet forth and
; desaibed ia tLe ~ti~ aad ~ c~ he~rred_ ~:ppoincmeat sball be ms,de by such aourt as an admitted
; a4uity aad s~ af str~oiot~e r~t to aid 3~[a~tp~eq aod sitbout reference to the adequacy or inadequacy of ~
? tbe ~~alue af the pr~o~peits mort~ed ar to tLe adse~ef ar meoi~rene~r of a~id 11~iort~or or the defendanta. Such
reata. Pofita, ~eome. isu~, ~d eessrs ~d be app~ee~ b~r auh reoeiver aoooc~ding w the lien of this mortgsge
aad tbe peadioe d s~ ao~t b tie esvs af a~ defadt m tbe part d the biortpgor hereunder, the Mortgagor
~ ~ P~Y Lo 2Le aio~t~,ra~x a~ d~aad as s ~eawo~ahi~ montblT reatat for the pcemises an amount at least
; eq~caieat to o~tse~tL (34:,~ d tie a~r~?te d tbe tsehe nonthty imtallmenta psyable in the then cun~ent
- year pMs tLe aewai a~o~t af tie aa¦~~l tsses, ase~oesty wster ntes~ aad ia~uaa~oe piemi~ma for euch year
~ not aover~+d b~ tLe aia~aaid so~t~ pss~sti
t
~ 10_ Ia tbe ea~t. d aay ~rea~ d ti~ aa~t~e ar defa~ oa tbe p~rt of the Mortg~gori or in the event that
~ aay d s~id sams d mooe~ Lea~ ~ w be ~ot promp~tlp aod f~iitg paid according to tbe t~nor hereof, or in the
u evrat that e~ aod e~er~ zie ~tioas, ~ eoo~tio~ and eoreasnt8 of said note and this mortgage.
are nat ~3~ P~9, ~~3 PQ~d: t6e~ ~ e~t6er a any sue~ event, tbe said aggregate sum mentioned
~ m aaid aott th~ re~a~ ~p~id, s~ o~errst see:~d to tL~t t~, aad all moneys ~ecured 6ereby, shall become
3 dnt aad ps3~bie foetbsit~, ar t~tQ, at t~r op~tim af said 3tort~aee, ~ fulIy and eomptetely us if all of the
~ aaid sams ai mooe9 ~ae o~~s ~ed w be p~id aQ ~neh ~ay, aa3-1hi~ in said note or in this mortgsge to
~ tbe oontrar~ not " , aod ti~eapo~ a~ tbe:rafte~. at t~e option of said Mortgfigee, without notice ~r
~ demmd, s~ut st h.~ ar i~ eq~tj, a~s be p~a~vets~ed ~ d aII m~ooe~rs ~eeured hereby had matured prior to its institu- ;
F tion. 1Le Mort~er aa~ far~daee ti~s aortp~ ~ to t6e amount ao ~eelared due and psyable, and the said
= premiees s~aD be soid w~rs~s a~d pas tie ~mr u~et~er ~it~ ecists, e=pemes, sad allowaaces. In case of partial
x fo~ec3oesue d this mart~ t~e~ a~t~ed pre~es s6aH be soid snbjeet to the oontinuing lien of this mortgage
~ fo~ the amasnt a~f the debt ~ot i~ ~r aad ~ps~d_ L suc~ ease t6e pcovi9ons d this P~~Pb ~Y a8~ be ,
svsiled d t~ta froe t~e to t~e b~r t~e ]tcrt~e~ :
~ I I_ No wai~v d aa~ ao~at ie~ ar af-t~e obtig,~t:oa xcursd bereby shall at any ti~e themafter be held ~
- to be a wai~rr d the ta~s tie~eoi ar d tLe ~oRe ~ec~aed 6ereb7_ ~
- 1?. ~e }ie~ d tbas ie~:r~r~t ~ is fvH forae and effeet during aay postponement or extension of `
= tbe time d papmeat d t~e ~ or aaf part t~eaf see~ued 6ereby:
_ I:i_ Ii th~ ~[ori~or dda~ i~ aas~ d tie c~artisata or s~reementa oontained ~emin. or in said note, then the
]~ort6aEee msy pesfo~m tbe aa~ aad a~ ~~s (indud+a~ re~oaable attorney's fees) msde by t6e Mortgagee
= in so doin~ st,all dras- intet~t st t~r rue pmci,ir,~ for in the pnncip~) imlebtedness. and shall be mpa~•able
~
y(30) da}~ atter desaand, a~d, sa~r~er ~-it~ int,erest and costs accrued thereon, shall be secured by
_ 14_ Lpon ibe requesi d tbe lfort~ ~h~e ~tortg~r sha11 esecute and deli~er a supplementat note or
notes for the sum or su~ ad~aac,e,d os~ tL,r ~tortp~gre for t6e slterstan, mocierniaation, improvcment,'main-
- tenaace, or rep~ir o! said p~r~rmzrs, Soc iure or ~ments a~insi the same and for aa~• other purpose autt?or-
- ir.ed h~+eunder- ~aid uote or n~tes ~aI1 Le ~xurrd hrrebf oa a parity ~ith and as lully as i[ ttie ad~ ance
= eridenccid therrbp ~rne incl~de+d m t~e aot~ 6r~ destribed abore. Said supplemental not~ or notcs shall bear
" intertst aL tbe r:te prvTidcd for m t~e pnaripat i~o~debtedne~s,~ aael shsl! bepa ~ able in approsimately eyual
~ monihly pa~ments for sac~ prriai a~ ~a~ t,e ,s~rYed upon b~ the cre.litor and debtor. Fsilin~ to agree on the
maLur?tc, t~e s-L~,k of tbe ~n or sa:~s ~o ,r~i~aacczi s~Jl brr due and pa~-able thirt~ (30) da~s attc: Jemand
by the creditor- In m es'e~t s~l t~e mscur~tf ~tcad bryond tde ultimate twturily of the note first
deecribed abo9~
= iil~M ~ ~f 7~7
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