HomeMy WebLinkAbout1522 e. To pafum. comPly wtiA ~nd ~bid~ bti qch and ewry ~UP~~!~. WrNm~nt. cond~r~on and cov~nl ~n s•~d w~~~r ^oN ~^d ~~~1 futh.
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7. «~y ot ww .u~ e1 ~r M..M r~~.d a s. na o~e*o~M «~d tuih wid w~d~ ~.ey c~o1 d.n e••~ .tr~. a+. wM sw~+~lly Mcow~ dw ~nd o~r~Eb.
a N~A ~wd w~eY tty NipubHaw ~~^b. condition~: M+d cov~n+w?~ oi ~aW P~~~wn ~oN w+d M~a w~oNW9~. w~iNw. M~ ~a duh o~anwd. cawlied
wirA ~nd ~id~d sY. ~M M9r~9+a ww~ nwntiard in uiA w~~Y ~ aMU Mcam~ dw w~d wr+~ ferMwi~A a M~NfMr N ~M eWion of ~M Ma~y~p».
a fu1M ~nd co~npbNN M if uW +YW~» ~ww of naMy wu aiaMlly ~tipulat~d w b~ wid on fucA d~Y. a~w~~~Y in s~id pa~h~aY ~N a hw~in b ~M
cpHt~ry nolwilMtM~dirq.
e. To d~livN ro said Matq~y~e. on o• Eefa~ MarcA ISM of Hch yNr. ta• nceipt~ widenciny ~M wY~~ of all I~wfully impos~d t~at~ (w tM pnt~d~np
ul~nd~r yta?, ifld tQ dfliVN w s+~d Mu?WqN. ~~c~ipH wid~nc~np IM WY~^t of all li~nf ior p~blic improv~nts wiMin ~i~1y l90) d+ri ~Ite~ rM s+^'~ ~h+ll
baom~ due and payabt~. ~nd ~o p~y w d~uh+~y~ withtn nin~ry (90) days aftN dw daN. +~Y all qow~m+~nal Iw~y N++~ m+y b~ ^ud~ c^ ?M mw~9+p~d
ecur~d bp ~his matp~y~: snd if this cond~tan E~ not caroli~d
p~~~ry. ~ th;s mwtqay~ or not~. w in ~+Y othN way r~aultinp from ~M AAw~yay~ :
with ~+d pafamed, sai~ mutp~qee m+Y WY such sum w sw~a which sMll b~com~ wrt of tM deDt ucw~d by thii muq+9~. +~d sMll bur i~tK„t ~t tM wN of
pN an?. l6y.I r»r .mwe. ar•bk san~.ser,wlly uetii p~id a uid MatyaqN may ~bet tha~ s~id morW+9~ dea ~~~+P~ b~eon» dw ~nd WY+~ fwMwi~h.
9. It i~ fwfh~r co ' y~ a~+~ +9?~1 q? ui~ PMtiw•~at in ~~wM ol •~uit b~iap i~~iniNd ~o ia~clw~ Mi~ ~norty~0~. M» MatWq~ ~MII ~~MitMd w
~yply ~t ~nY tiww PM~dw~O wtb fenclown wit a 11r cow~ MvMq Iwisdiction tAM~of (w tM ~OOa~tnwot oI • r~ceiw~ ef dl M+d sinpubr N» ~nortWO~d O~~b.
and O/ ~II tM hnU. tweosM. O~~~b. i~~w~ M~d nww~{ Mawi. fron~ whNSO~vw foure~ d~riwd: M~d N~aiPw~ it k 1Nt~AY ~spnu~Y oov~ewNNl ~wd prMd
tMt tM eowl ~h+ll fwthwilh ~ppoii~ • no~~? of f~id iwaq~9~ C~~b. ~U ~nd ~inpula. and o~ wt+`. s~ew ~.d .~.Mr Yw~of. fre~ _
wMnww wMC~ dwiv+d, wM tM ~wwl Oown Md du~iN o1 hcriv~n In lik~ c~s~s: and sud+ ~oao~nt~n~ ~MII b~ m+d~ M/ ~uch court a• nwna ef sMict ~qM
p IM MOr1y~YM. m woe~p~ M9~ ~pM~~~ w asipey. M~d witApA r~NK~ b IM ad~qweY « f~d~WKY oI IM valu~ oF 1M P~aW+M ~~9~~
« a~h. w~wner a trroWMeY ot ~I» Mor~aroa: «~d uu~ .ud+ .uN, tnco~.. i.~w. .~e nwnu« .M~1 b. wn~»d br wd~ a M. ar~+~ ot ~M
,,,nrp.o. Nd~b~.ri+aa oaa «~e dwo••. ~ecadii0 a N+. aa.. ol wd~ caw+.
10. If ~II a any p~rt of tM prap~rtY w ~n iNer~s~ tMr~in if sold a tr~nsfand by mwlq~0a wi~+~ ^~'t9~9K's M~ wrin~n tau~nt, eYCludinp tM
creation of a lien w encvmManct subwdiball lo Mis r~at9W~. (b) tM cre~tion of • pwcMs~ nan~y secw~W ~^tKK~ ~~d ~~'~y' <<) • transf~r by
dev~s~ a~Mscent. a by ope~atlon of law upon 1M dt+~h o( s ioint tenr+r. or the 9~+nt of ~nv N+selwld intx~st of ~FrK Y~ars o? ksa ~W contai~inq an option
ro purchue. mo+t9aqe~ maY. +r in ePtian. declue ~II the sums ucw~d bY this mwtq~q~ to b~ ~nmed'uuly dw +nd WY+bb. Mor~~yN sh~tl luv~ waiwd such
option to scc~ka~t~ if. Prior ro the ssb or twnsft?. ~snd t~t tM~nN
p~Y~
w~ tM sums secu~ed~bY Mis mo~~W~ sh+ll b~rs~t~s~chrr~~f~u iMortrW9N
rAst tM a~dit of wch pNSOn ~s s~t~sfxtory to Mwt9~qe~
sMll rpuest.
11. iMl in /M we~t ~M o~~isy Mr~bf~ ~~9+9~. a~nY P+h Nww~. ~MII M ca~de~wd M+d uk~n for ~ic ~~'und~r ~~,P
~~ol ~~do~n
~
1M MorrWY» ~h+ll Mv~ 1M rioM q d~nd IMT ~11 d~~a awad~d for 1M Nk~nY of or drn~9a b taid P~~
1Mn unW~d on Mi~ wwt9+Y~ +nd ~1 ~M eWion of 1M Ma~p~9N ~+11 ~ ~vV~~ uP~ ~ wY~+b In1 p~y~bN Il~soe.
er b~dd b w P~neil to E~ ~dd~d
12. iM nwrtp~Ya and~ I+irns~M not -~•et a oNwBt to b~ ~r«~~d ~np mw bvild~eqa on tM o~+N "'~~~N» wM a N» uu ~Mrwf. w~N+aM
a+nY of /M ~aistinq improv~nNMS ~Mnon a~k~ ~n~r ch+nYN a~hentiom in s~id imaov~nwnb whiel~ nrNrialy clw+p~
i
tM rniM~n cana~nl of tM Ma~9+ON, and in tM ~vwM of a+r violation a~ttemW w v~otaN Mw~ ~tipubtim Mi~ niatOp~ ~nd ~N sums s~cwed I+N~Dy ~ha ~,n~
~ bKW11~ d1N Y~d cO1NCtibM N NM OOf1011 O~ 11N AAOf1p~pM•
1~. U is ~wcifiully ~prNd tM~ ti~ is of M» ~u«~c~ oF thi~ conn~ct w~d Nyt no wsiwr oi any oe!iyuion Mr~r a d tM oblip~t~on s~cwed Mr~br ahall a~ +er
rim~ b~ Mld » E~ • w~ivw ot aw weu Mr~of w oI t1N imtrum~M aecw~d I+N~Er-
11. Ii fonclosun v~a~^~ oi any s~cond morty~p~ w»cand nv~t d«d or u~y iunia li~n of any kind sharW b~ irutituhd, tM Mwtp~ee ~Y. in aW~oe.
inwMdia»IY a M~rufNr dalan tlus moAp~p~ and Mr ind~M~dn~s~ ucw~d MnbY dw and wr~bb for~Awitl+, r~d ary ~t ih aWion Roc~ed w tonclos~ M:s
mo~tp~p~•
13. To tM ~sqm oI tM Ind~bNdnu~ ef ~M MatWpor b tM Mortp~q~ dncrib~d Irr~in a seaxed M?ebY tM Mo~lp~qe~ is Mrebq svE~o~kd a tM li~n or
Ga+s ~nd fo ~M ripha of ~M ownKa ~nd Aoldan dr.eof of ~~ch ~nd ~v+rY m« ~~e INn or osfwr ir.cuenb.~n on dw Ir+d dyc.iA~d Iwr~in which i~ w~d ~nd/w
wtiifi~d ie wAoM or in o+N our of tM ow~eed~ oi tM Iwn d~acrib~d IwrKe a secu~ed hMepY. ~nd Nw resw~tiv~ liero of s~id mwtp~qes, li~ns ar other incu'nbances
•hall M ad /M. wn~ ~nd t~ch ot Nrn+ Aer~bY is 0~~ ~nd aMtl pu~ 1o and b~ held M~~W~9~~ u~NY for Nr ind~bbdn~ss b IM Morty~9N
Aer~in describ~d a her~bY s~cv?ed, w tM sam~ ~¦Nnt ~t it wwld hav~ been Pr~serwd ~nd de~d of nsip~wn~M ?a~w~~Faand~~~tM~ict tha~tM san~ m+Y b~
duly ~nd rpulry ass~9Md. warol«r~d, a~t ovw and de~ivw~d una tM Mo.ty~gM bv sw+~ nt.
aatisfi~d and c~nc+ll~d of r~cord it ~u+9 ~ inNnuon of tM p~rti~s haNO tM1 M~ sam~'will b~ s~uafi~d +ed cancdl~d of record by !M Iw~den tM~wi o~ abou~
eM tinr of dr ~~e«dxw d N~is nar+wq~.
16. To paY all snd si~gvl~r the costs, chsrqes and e~pcnses. includi~q lawyev i fees. reasonably incurred w pa~d at anY time bY tlx Mwtq~q~e. bc~~us~ of
rhe failwe ot the Mortqagor ro perfam. complY with ~II ~~b nt~t trom da~ a~the~afe,a ~ded
iNn~iad a ii~
sY and coveo+n?s of s+id P~a^'sf°'v
note and this deed. w eitl~er. +^d everY s~' P~Y'~^
17. YMh~n +nY ~nwunt d w?aMY te b~ M~d bY ~~Y~~? to tM Ma~9+9N tM »rms Mnol ahdl b~ in d~fwh. a should rM Mbrp+va defauN in
any of th~ oMw~ hrna. D~ovisaro a conditiom of this Mwt~y~, then ~nd in that us~ tM Ma~~+ye~ ~h+ll Mw th~ riyM, wi~hout noGc~ w tM Morty~qw. W
~
j colkct ~nd ~ec~iw fran ~ew ta+~ne a Ms.N of s~id matq~p~d wanis~s N» r~nb. iuws ~nd v?of~a of ~M rwl nan her~bt~ ~9+9~d ~ovemu+
thereon, and to 9^~+ P~~ ?~ctiWs ~nd ~cQu~tt~nc~s tMrelor, and ~hN WYin~ all ca+xniu~ona of ~ny r~nql pent coll~ctin9 tM sam~, u~d sny rNwnabk ntwney i
f~ ~ o~ ~y ~:pKws incwr~d in coll~ctinp swne, to aOP~Y fM Woceeds of such coltectian ~~pon ~nY i^debNd^~u, obl~y~r:on a liabiliry, o~ tM
` µaty~ya lw~und~t. ilw riqAt qr~nhd tht Mor?9~ye~ ~^d~r N'is par~yr+Dh sMll M in addit~on to. ~nd sh~il rat limit a r~strict. aenr ah~r r:yh1 a riyAb pr~Ned
~ M~ Mafp~y» in this Mertp~y~-
I8. 1/ tM Mwlppon +t tM tien~ of ~nekinp this Mw~pp~ o~ subs~V~+~^t ~h~reto ~~b oot I~(~ inaw~nc~ d~s~gnstio9 tM Mw~9~qe~ he'ein u beneficiuy with •
cornpsnY +apoved bY th~ AAort9~9N a usiqns polici~a to Nr MoAq~ye~ for th~ Ps~s o6 secwinq tM ~nort0+~ Iwn Aer~bY secured, tMn M~ MwtW9~~ shall
hsve tM ripht w WY +~Y O~Mniwn aa?uweW unda s+~d policies. ~nd dl sums ao ~aaMd~d shdl b~ add~d a~nd b~con~ • vMt o( ti~ principal indeWedrws iecw~d
by this Mort~p~ a~d sMll be Wid bY 1M Nb'~9~90? t° tM MwtW9~~ i~ twelv~ eqwl canaecu~ive mond+h~ irotalkmnb, tM fin/ monthlp imi~llarnt to b~ psid ~s a
p~rt of end in ~tioo a fM rwonNdy PsY~~ dw under this µon9+qe in ~M fint c~lend+r month followinq Nw e=p~ndnq of uid sww. Such suwa so e~pend~d
~o bear inarest ~t fM nt~ ~t which inarest is Pw+bN ~ro~ ~ w~wl ead~btednes~ ~nd tM tien of Mis Mwtp~~ sh~Q e:Nnd a ~nd secvr~ tM swm w c:paeded
roguMr wid? inter~st ~Mnon u har~u~b~for~ P~~vid~d.
19. At morty~et's option, togetFmr with snd in sddition to fhe ma+th~Y psyme~t of ptintipal snd iMerest paysble vnder the terms of the nore secw~d
hereby, Mwt~~or sh+~~ WY ro~b~9~ ~^th until uid note is fully paid, onc-~welhh (1l12) of a sum eq~a~ ro the sr.r.;,a! premium due for fire, exrended
cover~ge. +~d oMer h+urd i~swsnce coverin9 the mw~9+9~ P~~~Y. Plus ta,ces snd assessmems ne¦t d~re on tF~e mortqayed properfY (all as estimated by Mwt- f
yagee) kss all sums a~~esdy pa~d therefw, and to be divided by the nvmbe+ of momhs to elapse priw ro d+e date wFien wch ta=a snd assesxnen~s shalt becane ~
delinquent. Said sums shall be he~d bY Morf9agee in tnrst u ued~ted to the Princ~pal of the loan, to p+y said inswance. ~aaes, a~d uscssments snd shall be
applied on the p~Y~+~^t tMereof when due. Any e:cess held in ~r~st by Mwty~gee when said lo+~ is W~d in full shall be pa~d to Mufyagor, w his assiyns, o~
personal ~epresent~tives. ~n the event of a defaulf w forabsure, said swra he~d in trust m~y be applied on any costs of damsqes wstained in con~ection with
*he colkction of the note secvred huebY whe~her bY suit, forecloswe, a otherw iu. Ma?9agee m+Y from ~~me ro r~me at its opt~«i waive. snd aifer sny s~ch
wsiver, reinstste sny w all proviiwns hereof reqviri~g s~ch deposiri, by notice to Nbttgagor in writi~g. Wh~le any s~th waiver is in effKt. Mptgsgw shall paY
esxK, uuss,ntnts and insur~nce premiums ss herein elsewhere prwided.
1p. Mo~tqs9or shall compM wirh the povisio~s of ~ny leue. if this mwt9a9e is on a leasehold. If this martqsqe is on • condaninium ~nit. mortgayw sh~ll
perform all of mwtyaqor's obliqarons under the ded+rat~on of comlani~ium a masrer deed, the by-laws snd req~lstian of the condor~ini~m projM and cwr
stituent documenh. JNort9+9a fw~~ ca~^a^K shat he and the ~sso~~~twn respons~ble fa t1~e aperation of the condom~nium will observe aIl of tMe p~ovi:ions
of the ssid declaation, and a~y srnendme~n thcrero, snd of the CandominGum law of the state, snd will periwm aIl obliyst~ons thereunder, snd + f~ilure to do
so which is not cur~d within 30 dari sfter notice 9ivcn by tAe mwtg~gee to the mort9+9a ud the ssid associ~rion shall cor+sritvte a defwlt u~dcr this matya~e-
Murt~or f~rN+e~ spccificaly covens~+ts, b~t nor bY waY ~f I~mitaYwn, thst Ae snd the sssocist~on wilt observe atl of the prov~sions of ssid declsr~tio~ of co~do-
minium rtlatinq to insu?anc~ cover~ge.
41. Mortys9or f~rther cove~+nh ~nd ayrees that at the request of Mort9s9ee to fwnish a standsrd termite bond inswiny sya~nst damsge bY infestafion on
the buildinys now w I~ere+fter locsted on N+e mw~9+9~ W~~h, in such amovnts and terms, and with such companY +s +OD~o"~d s^d rpuired by MwtWO~~:
undlr covenint
and in the event Mwtgsyw does not cort~plY with this cove~ant Mwt9sgee shall have M+e same righfs to obtai~ sams as insursnce coverape
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#3 hereof-
F ; zz~r P~~E 15zo
(Signatures on Reverse Side)
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