HomeMy WebLinkAbout0041 7. It ~ ef tM ~wr e1 wa~r Iw~tw ~~hrnd w M nN o~a~w~M +~d ~N o~d wiMin Nw~y l~0) dw~ Ma~ ~tw N» sMw ~ww~1N bao~ dw ww wy~e~~
w ii sd~ ~wd wwY N» Miw+w~iau. prw~nb. conditioN. ~n0 cov~+~ 01 ~~id paws~wn noM ~nd Mw wion9+p~. a HHw. ~n oa duN o~a~d. caro~d ~
wi~A an~ ~id~d !Y. ~ Mi~p~N ~ww aww~iawd iw said P~o~Y wN ~MII b~coww du~ ae0 r~4M fad~wi~A a Nwrwfhr M» uWia~ el M» Mx~.
w fv~ly ~nd to~o~N~hr M if wW ~9i~~» ww~ of nwMY wu ~rloih0~`Y~~1~i .N a PuA ;~wcA d~Y. MY~~! in s~id pa~h~aY ~ a MnU 10 1M •
caunry nawUMNndhp. . ~ ~ t
t. Ts dd:va a wW MorM~v». e~ a M~on M~rcA 13N~ ef wel~ vw. ~~a ncrinK ~vid~ncN+v ~M wr~~ e/ ~11 bwlvlM t~d aaw for ~M or~adieN !
c•Nndr Y+a. N d.liv« a wW Mo.~y~~.. .~vy w~d~nc~ ~M ar~ ef ~N liar ta publk i~aownw+fs wiNa~ ntn.h (90) d~n •fbr ~ ww~ .M11 e.cewn ~
dw ~nd WY+bM. and W WY M di~dwM wiN~in ninNy (90) d~Y~ ~hM du~ d~N. MY ~nd ~II oov~r~nul Irvi„ IM1 n~r b~ wrd~ ow 1M w~ortqp~d vroo«W. ~
on N~i~ ~nortWY~ a noN~. a in ~r wMr w~y r~wlww /row ~M M~or~Y~Y~ M~d~b~d~N uevnd by ~Iw nw~?Y~Y~: M+d N Mis condNion b~ eoe cawioli~d wiM ~nd oK• 2
fo?wi+d wW rwa~WYN ~Y ow wd~ w~n a wn~ wAicA Jwll Mcowr oaN ot tM d~b Ncw~d ?Y ~ n~onyp~. ~nd ~h~ll IeNrw~ N» aN ol da per c~.
(OX) oM wrabN ~i-~wdqr untit p~W a s~id Map~~ My N~cf th~~ s~id ~orty~q~ d~b ~~w~ b~cony Au~ ~nd PwabN fonAwiM.
9. h N iw~ cowww~d ~nd ~w«d br wid o+~ia drf in ~M w«a ei • ~uit b~np inpiw+.d a 1a~clow Mh ww+two~. ~~~aw~ .MII E~ «wiM~d a
.oaN +~r wM o«~d'i~a wd • y~N ~e Mw cQw~ ~M,~ hi?i~dktan ~A..w~ fo. rlw .oooNU.~n~ of ~..c.tv« of ~11 .na siew4r Mr morfwwd wao.~b.
M+d of ~N ~M ~a. ~ncaw~, o~~ u~i ~nd ~wwa . fraw wMMO~ wwc~ daiv~ds ~nd ~Iw~uow~ i~ it Aw~bY ~Ypa?b cov~nfsd ~nd prNd ~
tMt d~ ceurf ~MII /oMhvirilA ppoiM ~ nc~ivM oi Nid warkNO~d p~~1/. dl ~nd ~inqular. ~nd ol ~u[A t~nb. 1eca~M. po('ib. 4suM ewd Nwn~ 1AM~of. hon~ !
wANSe~w saRa driv~d. witA 1M uwd P~~ ~nd du~iM of neNwn M lib uw~r and wd~ +POo~ntnrM ~MII b~ nwd~ sY sud? cow/ a• nW1N of ~tric~ ~qM E
w M» Mlerea~OM. Ns woowwn. Mo~ nw+~N+~ivM a a~iym. and wiMaA nfw~ a ~M +d~ow~Y ~ M~d~o~~Y o1 tM v~lw of N» ProoMM ~9~Y~d ;
a w tM wW~+cr a in~elv~ntY o/ Mr Morq~Ya. ~nd NW wd~ nn1. P~of~4. inton». iuua ~nd n~~ siNii b~ ~ppii~d bY s~+d~ ric~ivw Os tAs psi.sistu at U~t -
~~O+Y~ ~d~NdnKb tab ~nd dw9~M ~a«di+0 N tM ardn o1 wd~ oarrt.
10. N~ carv~yana ~hould b~ w~d~ !tr Nr Abrq~9or ef Mr p+~sw I~~in dew'ad. a rw o+~ Mwwf. wiNaw ~ writNn cawMU ol tM Mat~~, and
witAow ...u~aan in ~.Y~•. +an. ei I~w a N,. o?.~». ef a~. ew+w~ion ts N+. Mo.w.w. n«qe e„ ..w o~aw~+..«r ~a. «~d ~la. ~ww+w9.. +~n, .~e in ,M+
w~nt. ~nd N ~M aP~a~ of 11~ MaqpM. ~nd wiNwi~1 noliu. a~l war of ~arY ueur~d Ae~ebt? sMll i~rMdi~Nhl ~nd concw?~ab wiM sucA conwYSnc~ Ouonr I
dw ~nd P+Y~EN anr in d~fauh. 1
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11. llwt in Na ~nt ~M o~«Aisu I~~bf? ~wsrtw9~d~ «+~tr o+A M~rwf. ~hatl A~ conde~d ~nd t~k~n ix o~rb~~e uN w~ ~M oo+rK d~w~in~M desrin,
tlr Morq~~ ~h~ll Mv~ M» rioM a dre~nd Nw~ ~U d~yM wwrd~d 1er m~ nkiiq of a d~wph a wid p~s~a ~11 b~ o+~d w dr Morty~y~ w b d+~ ~wount
~Mn uro~id on tAis w~ortq~q~ aed N M» op~iaw of t!r Mor~WqN nylr b~ ~ppli~d uo~ d~ o~Ym~nn Int ay~N 11w~on.
12. ?Ir aaf~qa oind~ Aiwr~lf nM b~nct o? P~r~it M b~ w~cqd ~ n~w buil~nq on /M pM~i~M AN~in w~Or1~Y~d Or b ~dd b o~ pMiwif b b~ ~dd~d
ro~Mr el tM ~shtirq iwiprw~nwH dw~on a arlc~ ~nY chMpN or ~haN~oro in said i~wov~~a wAi~ ~brialN cMnY~ tM ww~ w M» uss +Mnof, w~Ma~f
M» writhn conw~t et 1M Ma~ppM. and i~ 1M ~vwN of ~ntl vio4tion a~t~unW a v:olah Ars ~tipubtion IW n~ortW9~ and ~N suwu s~cw~d Iwr~bl/ sMll iar
nrdiMdy bKOSr dw ~nd colbtfieN M 1M Opfien ot tM Mat~q».
13. B ia w~fiically ~qrNd tMt tin~ is of d» ~sw+c~ oi Ihis conn~cl ~nd flrl no w~ivN ol amr ob:iy~tion hKwndM w of tM oblipN~on ucwed A~r~bY aM11 N ~rry
rim~ b~ MW to E~ • w~iv~r of tM wnr I+K~of a of ~M irolnwnMt s«w~d ha~by.
1!. H fonclaw~ pocMdnqs o/ +iw +Ka^d mortWO~ ~+t dNd or ~nr iunior ti~n of any kind sAould E~ inatihrhd, tM Ma~p~e~ m~y. ~t ib option,
imrtwdiaNly er drrNfM d~clw this aar~9+~ awd 1M ind~bN6»x s~cwed hw~bf/ dw ~nd wraw. iw~Aw~My and ~wy ~f iU oPtion P'otKd b ioncloa~ this
mortp~Y~• •
1S. To IM ~aNnt of dw ind~M~dn~a of ~e Malp~ya b tM IMw~9+9N daa~b~d Mnin or secur~d Mr~M/ th~ Matp~pe~ is I+K~br avbrewNd w tM liee w
li~ns M~d fo IFr rfpAb ol IM OwnMS ~nd holdNa NiMeo/ ef ~KA and ~vMy ewr~9~9~ ti~n or o1Mr ieKVw~~n[~ on MN 4nd dMtrib~d hN~in whieA h p~id Md/or
uri~fi~d in wAoN a h p~A ow oi tlw Yr«e~ds of tM loa~ dnc?ibd Mnin a uc.,nd Mrebr. ~ed ~M ~esp~ctiw li~m oI uid mw~ya9es. I:MS a oNier iecwnb~nces
~MII b~ ~nd tM_ unr and wd~ d Mr~n Mr~bY is W~s~rv~d snd ~MII pas ~o snd b~ Mld EY IM Mor~WV~+ Iwt~in u Nawib fw /M inde6Ndnw to 1!r MbrtWV»
Mr~in describ~d a Aersb~r s~cw~d. w M~ s+nr e:teR~ ~Mt it wa,ld Mw oaa+ vh~e~wd ~nd would Aav~ Eeen ou+~d a~+d Ma+ MW ev tM MonppN Md i~ been
d„h «+d r.wlarH .sa~.d, na~st«..a. 1N ovM ~nd dfliver~d unfo tM Abr19~9N bY sqkaM dNd of nsiynwMnf nofw:Nu4ndieq /M fM dwt /M s~ wyy be
sar~sfyd and canc+lbd of neord. it b~Nq dw imw+rion of d» P~as her~fo d+af tA~ s~ will b~ uthii~d ~nd canc~lbd of ~~cad M/ :M holden drreof N a abow
tM limf 01 IM rKpdnq Oi Ihis ~naty~q~-
16. io p~Y +U and a~ngulaf Me cosn. cMrqes ifN~ !tplflllf. ~~ICIV~~ tawye.'s (ers. reasonabl~ ~ncwred w w~d a~ any nine by ~he Mwrqaqee. Eecause o( rhe
fa~,l~.e of the Mwty~qor fo pe~/p'n. tomply w~M and ~~idt by tath ~nd every tAe st~ov~at~ons. aqreements, cond.~ans. +nd covenants o/ s~~d pan.isay no~e ~nd ~Mt
deed. w enher. and every s~ch par~ts sMll beH interes~ lran dNt ~t Me rare p~w~dtd ~n sa:d pan~asorY noa.
17. Wl~n awy Mno~~M ef wa~ey b b Wid bY fM 11Rwfy~Ya b tM MIa~W9N w~d~r tM hnm Mnoi Jyll b~ in d~fwM, a ~hould tM Matp~por dtFwN in
any of tM o~h~r tawr, povia7om a ca~dtiau o( Nw AAa~9~y~, tMn +^d u+ ~+u cas~ Me Mortp~qe~ shall Mw Nw riyht, witFwu~ not~ce to eF~ Mw~payor. w
co11M ~nd nc~iv~ f?aw +ep t~nr+t or NsaM of a~id morfp~p~d v~~s~t Ih~ nnq. iuuea ~nd wofits o/ tM ~wl ~sbb ha~bY ~v~9~d ~nd tM in~wwtments
H+ereon. ~nd b 9~r+ W~ ~K~~Ws «+d ~cq~wit~ncw tMr~iw, and ~fw payirq •11 canmissiau of w~r r~ntd pMt colMctin9 tM sanw. ~nd aMr rwwoaW~ anormY~s
~MS ~nd oNw rwee+sw ~:Pw~s inewnd iw eolbctinY wnr, w applr tM woceeds ot sucA colkctions ~~pon +eY ind~M~dn~ss, obtiy~tion a li~biliey, 01 tIr
Mwtq~qor Iwhw+d~r. TM ripht p~nesd tM Morp~qN und~r this W?pr+ph ah~ll b~ in ~dditian w. ~nd shrtl nW limit or naMiet. ~ Ml+r r~9M a riqhh pranNd
tM Mortpap» in tlw AAorpp~.
1~. (f 1M Mortp~yon u~ tinr of rnskinp tAis Morpp~ a wbsp~nnt ther~ro tab an lif~ i~ur~nc~ d~sipnatinp N» N~or~9~pM hnein ~s beneficiarp wifA a
~a^+~+~Y +PD~ov~d by tM MbApapM a wsiqn polici~s b IM Mortq~pM for th~ purpwe of uc~inp IM mortp~q~ lo~n Mr~bl~ s~c~w~d. tMn i!r Mortq~pe~ ~1u11
hare tM riyM to OM MY V~~~ ~~9 und~r said Od~ci~s. ~nd ~II aums sa ~aW~d~d ~I++11 b~ add~d a r~d b~con» • V+h of ~M p?incro+l ind~W~dnhs a~cured
by thi~ Morfy~q~ and ah~ll b~ p~id br d~ Mortp~yor to ~M Mo?~q+qK in tweM pwl comecwive rewnehly irnullnrnts, tM finl mon~r ~mulbrnt w b~ p~id ~s •
p~rt of end in ~ddition w tlw monthM wv~~ du~ undu tFrs Mort9~qe in tM fiint ulend~ ~nonih followinp tM acpeedn9 oi said aww. Such su~m w~apend~d
ro be~. :narest ~t dr nn M whicA :~west i~ WY+bI~ ~~pon f~id vrinc:W~ ind~b~~6»s~ ~nd th~ lian of this Mortpp~ slwll ~~nnd W~+d a~cvn eM swm w eape~ded
~ eoq~rM~ ~riM inurut dw~on u MrNnbefon pr~vid~d.
` 19_ ilaf to~11w ~tM awd 'w oddilios b fhe ~Nd~r popMwt of priwcipd awd interesf payobl~ wd~r Ibe Nr~a of 11N ao~ wwred h~rebp Morryoyo. ~
I sholl poy te Mortyo~~ wc~ ~onfli w~~i wid so1~ a f~pp poid. on~-Iwelft6 (1 /121 of o sw~ pwl to ~ owwval prMiw~ do~ Ior fi?e. ~:tewded oo.eroye, i
~ and ot6er Iwserd iwswwa cowri~q 14 ~ortpoq~d p?opertY. P~ds to.ces awd aswswwb weat dre ow tIK worlooy~d prop~rfp (aN os eWiwo~ed br Mortya~ee) , i
leu aM ww dt~odr poid /M?~For, a~d b b~ fii~id~d br tM wv~ber o! wonlMs W dapr~ p~iW b Ily doM ~rl»w wd~ lea~s a~d auess~ewb fbaM betane z
delinqwat. Sad w~c s1~aN b~ wld bp /~Aor~popN i~ Most or a~d'Aad w Ibe pri~opd d tiw bow. b poy said i~twow, b~u. awd asseswwfs ond sboll ~
be appli~d o~ IM popMwt IMr~oF ~Mw dw. /1wp eaasa IMId ia trust br Mo~tyooa~ w6ew said baw is poid 'w frN s1~oN b~ peid b Mbrtqopw, w his
auipss. or p~nond npnwwfotiws. Iw 11» twwt d o defoYlt or fo~edosw~, wid sMS Iwld in MM ~w~r bt aPpli~d ow anr cosls d da~opes wstoined in
conn~cliow ~ri1A /M coM~tlio~ ol ~ wote s~cvred Iwr~bp ~rlrtlwr bp suif, fwecbsw~, w W4~rist. Mw10oQs~ woy fro~ ti~e b tir d its option woive, i
and afler awr srd~ noiv~?. ~ti~sfoN awr w oN prori~io~s Mr~oF nq~iriey srch deposib„ bp wotia b MorfOopor iw writiwp. W6~ awr suc6 wo'ner is in
eff~d. Mortpooor sbll pep t~t~. ausss~ewh and iwwrawc~ pr~wwin os Irrtis else~vlw~r~ pr -
20. As required by the Federal Disaster Protect~on ct~of 1973, to keep the buildings and all
equipment and•personal property now or hereafter on said premises covered by this mortgage, insured
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 pro
,;isions of paragraph 3 above shall also apply to this additional Federal insurance requirement.
IN WITNESS WHECEOf. dw uld Abrt9~~et Mrwnb fMr hM hrd and sul 1hi~ 1M d~Y ~nd 1rNr firtl ~bor~ w?iMM~.
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C . f (SEAI)
~ ;,9rt.~. _ ~I --C: BEAitD _ - -
~ n rh. we..nc. o+: -
_ V~~iu/~
SANDRA B. BEARD
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