HomeMy WebLinkAbout1672 0. TO VM~W~w. CpnP~Y W~N~ ~nd 1W0~ DY ~1P~ Mw ~.w7 •..or.~.....w . ~
7. 11 ~ny of tM ~umt of naMY Aa~~n ~•~..r.e a b~ ea ao~Wb ~nd t~~M w~d w~~nin ~~~y l~0) day~ r»a~ ~}ar rM auw~ ?~va~llr b~co~ d:~ ~nd MY~~~.
w if ~A ~nd ~vNY tM ~tipul~~~on~. +9rN^r^n. cond~~:an. ~nd cor~ewnM of ~~id O~~i~~orY noN ~nd Mn ~nw~~~ ~~~r~ na d,l~ pMfanwd. coTcl~ed -
wi~A u~d ~pid~d M~. ~M ~yq~~Wh w~n ~ti«+~d in ~~id wantuo~v noM ?MII Mcony dw ~nd wr~ Io~Y~wi M~1 M, ~M oW~ow o1 ~M Mwp~9M. ~
N full~r ~nd coww~~Nh u if Hid appr~Wa ~ww of w~oerY wu aiy~n~lly •~~ovb~.A a E~ w~d on ~`K ; d~ ~v*~~Y ~d O~u~wro na~ a Iw~~ a tlw
connvY ~~~Iuundiiq.
ie dd~w a w1d Mw~W9». en a Mfon M~rcA IS~A af wd? r~. ua ~~iph widMUnp d» wr~~ 01 ~11 4wf~rlly ~~wpw~d baw Iw ~M M~c~d~~y !
c~bndv 1~. b d~livw b wW Mw~~pM. r~croM ~vidwrc~~q ~M MY~^~ o! ~11 li~m fa publK ~~wow~s w~N~:n nin~ry fV0) d~y~ a(~ ~M ~awy ~11 b~cowN ~
dw a~d O+Y~M. ~nd p p~Y a di~cha~ wiMin ~imM (i0) d~ri ~(N~ du~ d~N. ~nY wd ~11 povernnwn~~l Iwi~f tAN m~Y b~ nwd~ on tM w+a~yp~d poW~M.
en Ma ~nor~9+Y~ a noN. a in +iw o~Mr w~y ~~~ultieq 6aw Hr Ma~p~q~ ind~Ndnha ~uvr~d btl ~Ais nwr~y~p~: ~nd i! Mi~ condition b~ nW co~nO~i~d wi~h Md vM-
lorwwd. wid ~we~p~yM n~aY O+Y wcA ~u.n a~unr whicA J~all 1»con~ vah o1 M~ d~M s~cw~d bp ~A:~ nar~p~q~. a+A ~MII A~M {n~M~ ~M ~~N of sia pM c~M. ~
(0%) vM +mwR, MY~bM t~•ww~lly until p~W a s~id Morp~pM ~Y ~bct M~~ uid morW+9~ d~M MN~~pon Mcon» dw a~d WY~bI~ }wMwitA. i
9. It i~ ivrtM+ cown~nqd ~nd w~Nd M uid v+rt~ tlyt in tM ~wM ol ~~wt b~:nq iiut~hnd w tw~clos~ thi~ rnort~p~. N+~ Mortp~pM ~MII a u~~iH~d b i
~voN ~t +rw tis~ w~d~rw sucA fw~cleuw~ wit a Nr cowt h~vin9 Iwi~c~~on ~~reol fa ~h~ ~ovointmem of a r~c~iwr of ~11 N+d ~i~1w ~M i++atp+o~d wow~?Y. ~
and ef sll tA~ ~~nb. inca~w. vr~in. iuu~s ~nd nwnwt tlwr~ol. Iraw wMbo~wr wwc~ d~r:wd: aid tMr~wa~ i1 it Mreby •,pM~b coven~n~~d and prNd ~
tMt ~M cew~ aMll tor~hw~~h ppoint •~~tNvM d wtd ~wr~W4~d M~~. dl ~nd sinqu~+?. ~nd o1 ~ud+ r~nti. ~ncw?ws. P~ofih. u~w~ ~nd r~w~u~ tMnot. f~pn {
~n«~ p~,N~ and due;y uf r~niv~n M lik~ u~y: Md such +vPO•nt~nt aMll b~ ~d~ ey s~ch cowt u• m+nN ol ~nM riyAt
1o Mr Mb?~9~YN. iM wccu~ati b9~~ rpra~n~~tivN a~ a~s~pa. ~+d ~ridw~A ~~f«~nc~ M Mw ~d~a~++~r or in~d~pu~cY o! Nr vdw d ~M wov«+r Mr•bv nw~tW9~d.
ua
or to N» ~dvMCy w insdveniv of N» Ma~9+9a. ~nd ~Mt svc~+ rM~, vrofib, incom~. iuws uid rw~nuw tMll b~ ~OP~i~d M~ucA nc~~vN M Nw wYnrn~ ol tM
,m.p.~. ind.eNdna.. cwa .wa c~up... .««euq a d,. «d.. a.uch cow1.
10. N~ ant~ sAwld E~ mad~ M dw lNor~9+pa o1 Hr Orenu~ hw~in dexrib~d. a~nv o+h ~pf. wiMae Nw writt~n corwe~ ot tM Mw~W9». Md :
wi~ha~l ~u~ in rpul~r fora of 4w by dr pwn~ of ~M oWipHion b M~ Mu?Y~pe~ u~~Md Sy s~id Vr~sswY ~oN Md M+is ~wn9+9~. M~n, and in Maf ~
~ant. ~nd di~ oM~on ot My Mor~~yN. ~nd wiMae no~ic~. all sww~ of moMY ua+r~d IK.~br ~MII i~n~di~~ely ~rd ca+ewr~nely ~riM ~ucA conrwanc~ A~caw~
dw ~nd o~tNpN and in d~twl~. .
11. iM/ in N» ~vent N+~ p~mis~a lwrebY ~f9~9~, w~nY P+„ Mwrwf. ~hdl b~ co~dam~d ~d t~!«+ fw w~ic uw unda tA~ powa of ~w~ir»~+t domaa+.
IM MatWON J~all h~v~ fM ~:qM ro dMn~nd Mwt ~11 drnpM aw~rdd for rM nkinp ol a d~n~aq~+ b said P~Mn:sN stilt E~ Wid w ~M MonW9» u0 b tM snwun~ i
1Mn u~id on Nw wwr?9~q~ and al ~M oWion of Nr MonY+9M Tw ~~vo~wd upon N» P~rnwnb In~ p~1r~AN /M.~ow.
12. Tlr ~norq+9« b~eb Ainu~N not to ~r~ct a vMnwt ro b~ ~.~~d +ehr mw Eu~ld:nqs on tM wMnises Mnin nw~~Y+9~d a~o +dd a w cM~n~~ w b~ ~dded
b~nY e1 tM •aiqinq impov«n~nh tMr~on or m~t~ +mfr cMnAM or ~M~rNions in uid irnwowm~nb wAicA nw~wwllp chanp~ fM aane a Me ~s~ ~w~. w~Mout
tM writNn conNnt of tM Mw~W9N. and in t!r ~wnt oi ~ny violNion or ~ftNnP~ to violah Mis sGp~Wion Mi~ n~wty~p~ and all auea s~c~red Mr~b1l ~h~lt ie~
M6NSly Meonr dw ~ed ed~~n:bh M tl» aWion o( tM Mort~pN•
13. U in ~wtific~lly ~9rwd tMt tinw i~ of ~M ~ssa~c~ of ~hia com~~d ~nd tA~~ no w~~ve~ ol any ob:iyafwn h~r~und~r a of tM oblip~~ion ~cwed Mr~by ahall N~ny
ti~ E~ MW ro b~ a w~iv~r o! tM fwnu herwl w of ~M ~ronwn~n~ s~cw~d M~~by.
1~. If fa~cb?un Wxe~drqs of r+Y sKOnd ~W9~ a s~coed nvs? d~~d or u~y i~nia l;~n of ~ny k~nd sl+ould b~ :mtihr»d. tM Mo.~p~te~ ~naY, a~ its evt~on.
~~d;~Hy ar th~ru(nr d~cbr~ Mi~ mwtpsp~ +nd Nw ind~W~drwi a~cwed Fw~btl due ~d wv~b~~ fw~hwith, and ~y at in opt~m Drockd ro iaeclos~ tA~s
na~tp~~•
1S. To tM ~af~nt of eh~ ind~M~diws~ of ~M Matp~9w b fM Mw~p~q~~ dna~bed Aer~in a secw~d her~bt~ ~M IVAorfp~pe~ is MrsbY wb~op~+ed ro rM lie~+ a
li~eu and w N» rFpAa of /M ownKS and l+otden the~sof of ~~cA ~nd warY ~w ~y~q~ lien w aMr incuenbra~c~ on tM bnd dacr~E~d Mr~in whieA i~ P+id and/a
a~tis(ad in vrhol~ w in put an oi Mw Ora~ed+ of fM Iw~ de+aibed herei~ o~ s~cur~d AKebY. resp~ctivr liens of s~id mwtq~qss. liens a aher ~ncuTb~n[es
~M11 b~ ~nd Nr. s~.~ ~nd Mch o/ tMee hereby is w~served aod sMll pns ro•~ b~ Mld bv ~~W+w~ ha~N? u a~cwi~y f« M~ ind~ENd~w~s to tM Mwrp~9M
Mr~in deurib~d a hereby ucwed. to th~ sam~ ~¦e~n~ t1Nt it wovld hav~ be~n p~aerwd and wo~~d Aav~ b~en P+ss~d to ~nd be~~ Mld br t!» Mw~p+9k Md it be~n
duly ~nd rpularlr u~ipned, a~na(M~~d. s~t ovN ae~d del.v~r~d vnw th~ Monq~q~e by sW+~~~~ da~d of ~isiqnmen~ notw~Mstand~rq fM fx~ M.af Mw swne may be
sati~f~~d and c~nc~lled o( r~tord. it be~nq ~M inantion o! tM parGea l+erero tM~ th~ sam~ w~ll b~ ut~siid ~nd c~ncelhd of racwd Dy 'M holden tM~eof or ~bow
IM ~im~ of tM ncadmq d M~s maf~9e-
16. fo paY ~II and s~nq.,la. rhe cosh. c~arqes and e¦penaes. ~nclud~nq lawye.'s lees. reasonably ,ncuered w pa~d a~ an~ nme DY ~Ae Mweqayee. because o/ Me
/~,lv.e ol ~he Maqaqo. ~o pe~fam, co~*ph w~~h and ab~d~ by txh and every rhe s~~o~+~+~~ons, a9reemen~s, cond~nona. snd covenams of sa~d pOm~tsO~Y ~+ote and fh~s
deed. w e~ther. and e+~e.y sucA p~Yme.+es sMlt bear ~n~aeat from Oa~e at rhe r~u aov.ded sa~d Wom~aso~Y ~or~.
17. W1+~n ~ny anwmf of moewY to M W~d M~~9~9a to tM 1MortpapN und~r kr Nrem Mreoi aMll b~ in d~iwM. w should tM Morfp~yw d~f~~U in
ariy of th~ o1Mr terw~a, prwisiom a cond~tia» of this Mbrfp~y~, tMn and in Mae cas~ tM Matyaye~ sMll h~w Ny ripht, withaA noec~ to Nr Mwtysyw, to
colkct w~d r~iv~ froew w+v feMnt a ba?N of s~id morf9+9~ Wanis~s fM ~~n4. ~ssues ~nd v~ofin oi rM ~wl nuq herebY inor~q+ped ~nd *M :enprove~nend ,
tMreon. ~nd fo gi~n puW~ r~c~iph ~nd +c4~~n~nc~s ~her~fw. M+d ~fte~ WY~~9 all cannuaio~u oi ~nY rent~l pent collett:n9 tM aa+n~. ~nd anr reasonabl~ ~ttwrKY a
f«s ~nd odw Mcewry •ap~ns~s incwred in colbct~np swn~. ro sppM ~M proceeds of s~xh coll~ct~ons upon anr indeW~dness. oblty~~:on a IuDility. of tM
1Mottqayor ht?tu+der. llr riyAt qr~ntsd the Matp~g~~ undt~ lhis pa~Wr+Dh sh+ll b~ in add~twn M. and sh+ll not li~nit w r~stritt, ~ny WMr ri9ht or r.phN qrsnted
I''I fM AAort9sy» in tAis AAonp~q~- •
18. If th~ Morq+qwi +f the tinw of inekirq Mis Mo.~qa9~ o~ subs~p~t tMr~to t~k~ ow I~(~ inswM+c~ d~siynN~np d» Alwfyspe~ hc.ei~ ~s bensf:ci~ry w~rA a
c«~w+~r .aworad M w+• ~w~ a~u~qns O~KiN to t!~ Mortg~pe~ fa ~h~ a+~v~ oi secwinp fM ~nor~y~qe lo~n hereby ~ecwed, tMn N» Mo?tWpe~ ~hall
hsve tM ri~u w wr +~r w•~+~~ •«n,~n9 und~r sa:d poticies, and dl svms so eaP~~d sha~l b~ add~d ro a~d b~coew~ a PN~ ot tM principal i~debrtdness sscw~d
bY ~is Mwp.v.nd sh+n be w~d by eM M«ty.yw w~M ~b.+~v~• in twelw ~qwl consecufive monN+ly installmenn, tA~ first ma++kly ~rnbt6rrnt to b~ paid ~s •
part oi rnd in addition W tM ~+w~++hh ar~~ d~+~ thii Morty~q~ :n tM f:rst calendu ~na+tt+ followinq Hr eaper+d~rq o} uid awn. S~+ch su~na so espend~d
ro be~r int~rest ~t N» r~K ~t wl+ich int~rest is paY+bM ~+PO^ s+id pinc:p~l indebtedness ud tien of this Morty~p~ s?w~l ~aund to and secw~ t!r swm w caper+ded
toqeM~ wi~A ~n~st iMreon u her~.nbe/a~ povid~d.
19. ilwM tiop~tMr wiN~ ond in odditaw b th~ wo~thll P~ra~eet o( priacipol owd intcresf poyoble vwd~r the ter~s d H~e nots sacured Aerebp. Mort9o9or
s6a11 pop b Mwtpop~e eocb ~anM~ vwt~ soid note is lutlp poid, oae-twelfth (1 /12) oi o sow pvo~ ~o tbe w~nud Prew~w dw For fire. eztended corero9t.
ond oN~er b:wd iesuronc~ cooerin~ tre ~ort~ayed prop~rtp, plus foies oed asseswnri seat dw oe N~e ~wf9op~d Properh ldl m estiwoled bp Mbrqo9ee)
Itu oN w~s drwdr poid Nwrefor. and 1o M d~~id~d bp tM nrwbe~ oi wontrs Jo elaps~ prior ro tM~ dote rrh~w wcl~ twies oad assess"Knb sl+al~ becoee
dalinqueet. Soid sn~s ~oH b~ Ltld by MwtyapM iw trrst o`r-,aJedited b the priwdpd of N» loae. ~o po~r _s-oJid iewrowc~. toicces, owd oueaaw~nts ond sholl
~ OPd1l~ O~ 1~! ~M~~ 16ftMf ~11~1l11 dW- ~ fKfff ~Y 1M }fYf~ a~0f1~Opl~ M~1l11 fOld ~OOA yw~ M~Ilu f~ bf ~Id ~O MOff90p0?. OI ~IH
ass;9ws, o? persowd r~pt~latives. Is fAe ewet uf o defovlf or fweclosvre, said wws 6ald iw Mist wwp be aPP~i~d ow awr costs of do~es wstoined in
cownection witl~ /M oodidiow of Me aoM secured I~rebp rrbet6cr bp avit. Foredoswt, w other~ise. Mwgape~ wap frow Mie ro tiwe af its optiw~ woioe.
and ofter oar wtw waiwr. niwsfaM opr w oN provisions 6ereof rpuiriny wc6 deposifs. bp wotiw Io Mwlya~or iw ~~itiwp. Whie mr such woi~er is in
~Hect. Nbrtpopor s~dl pop ta:~s, asse~s~enfs ond insrranc~ pre~ivwn os hereiw elserrbere pm~idcd:
20. As required by the Federal Disaster Protection Act of 1973, to keep the buildings and all e
quipment 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 FEDERAL DISASTER PROTECTION ACT OF 1973.
All provisions of paragraph 3 above shall also apply to this additional Federal insurance re-
GII IT-f1ESS tilVeiEREOf, ~M s~id 1Y{ort9+9w Mr~unb s~n his Iwd ~nd sNl thi~ tM dq~ ~nd Y~+~ fint ~bov~ wri»w~.
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