HomeMy WebLinkAbout1643 .ny or n» .v.M a woMr ~w? ~.ea~w ro w na wwro~M ~wa e~ryr ww w~w,~~ ~Mm c~vi ar. n.,~ a~« n~. ~•r«•ih b.co~. .~d wr.b~•.
o~ i/ NcA ~wd ~v~ry N» ~tipvbt~orn. pr~en~nn. condi?ion~. ~ covrnM+t~ of uiA pan~»ory ~oN a+d Mi~ monp~p~. a•~el+v. a~ not duN P~rfw~d co~+Pf~~d
w~rA w~d ~bid~d by. ~M pqrp~N ~wn ~uon~d in ~~id w~t?ory noN ~MII E~co~ dw ~nd wY~b1~ IaMwi~h a Nw~alw N Mr oW~en of M» Mw~y~p».
a Fully ~nd cw~ol~Nh/ N if Nid ~pp~p~N ~ww o1 naewy ww «~a~+.~N ~Kpubl~d M E~ p~~d on ~ycA tMy. ~n~Ainy in ~~id pawi~wry ~oN w Mni~ ~o tIN
conn~ry nelwi~MUndinp.
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ie ddiwr ~o wW Maty~y~e. on er Mf«~ Much 1Sd~ of Nd? ri~r. pa nc~ipb wid«+cino tM wY~~ of ~11 I~wfi~11y in~pos~d Uaw ia 1M w~c~dmy
c~4ndr Y~+~. ~e d~livr? b wid Mor~~p». r~:pb w+dw~c:~ ar~~ of ~N li«u fa p~Wic ~w~wov~wyn~s wiMie nin~M (90) dari a(tM ~M ~~nr ~MII Mcow»
dw ~nd WY~M~. ~nd 1o WY a d'nclw~ wiMN ~irwM (00) d~„ ~fNe dw d~N. ~nY M+d ~I) povanw~+fd Nv:„ ~M~ wuy b~ nr4 on ~M w+or~W9~d 0~~1Y.
on tAa n~aq~p~ er noM. a in aw~r oMw whr r~+l~i~q f.aw ~M Ma~~ ind~dn~u ~aw~d or ~ rwo~~Y+9r. ~nd if Mi~ ca+di~bn b~ nw ca~pli~d wi~h w~d ON-
fanwd. uW nan9+v» ~1 WY wd+ ~un~ a aw~a wAicA ~MII bconr oat el M~ d~W a~cw~d ~r Mis wwr~y~q~. ~nd sh~ll b~w inh?N1 N ~M ~~N o1 ~ta pM ant.
(0%I PM Mrwiwl, WYaON ~Mwi~wvw~l~y w~Nl qid w s~id Morp~yM nyy ~bc~ MN u~d n~or~qp~ d~b Nrnww~ E~cowy du~ M~d WY~bN fwMwiM.
9. U 4 fir.Mr ceww+hd ~nd pre~d bt~ ~++d o+~~ ~M~ ~w ~M ~wnt o1 •~utt ~np in~riwhd ro fa~dos~ ~M~ wb.p~Y~. tM Morrp~pw ~l+aq b~ ~nti?Md a
~ooN N«w „a» _o~ndin0 aucA fonclwur~ wi+ a tA~ cow~ h+vMY iuri~iction N~Kwf /a ~M yooinar~nt ol •~~c~iw? oi ~11 and ~~nou4r Nr maf9+9~ w~h.
•nd d dl ~M nnti. incwnN. wofit~. bwe~ ~nd nv~nw~ Mwrw~. Iraw wMMoewr sou.c~ d~.~v~d: and Nw~upon it is Mr~qr ~,p«~h cow.ynt~d and prMd
IAat ~M couA ~hall fw~Awifl? ppoin~ ~ r~iwr of wid n~aty~d p~opaQl. ~~nA ~L~pu1H. and o1 ~uch nnM. incaw~~. Wof~ta, iuuw end nwnw Mw~ol. fraw
wMMe~wr wu?e~ d~riwd, wiM 1M uswl owwn r+d dutia ei naiv~s in liki u+~a: ~wd '~dcA ~ovanaw~m aMll b~ mad~ by tuch cax/ a•~tN. of ~tria riyM
q N» Morty~~. iM wttw~ati N~1 r~praMUrivM w+~?iPr. w+d wiMew n}M~nc~ ~o Nr +dw~+cy a in~dpu~cy oi Nr v~h~ e1 ~M w~M ha~br ~9~d
a a dw wlv~ncy a iiuolwncy of Nn AAato~qa. and MN sucA ~t, p~ofiu. into~M. I~ww"~nd re.«ww sM11 ~~oMNd br ~ud~ nc«vw a ~M wrnrnf of Mw
~~Y+9~ twb and tA~rpw. ~ccorduq le /h~ ad~r of w~d~ courf.
10. If ~ conwpana ~Awld b~ ~ by Hr Mortypa of My Pnwiaw hMM~ d„crib~d. ar +eY oa~ ~Mno1, wiHww Mw vinitNw cawe~ of Ny Morp~p». w~d
widau~ aawnpuon M npubr /onw o1 4w by ~M oqntN ot Mr obliyNion b th~ Morp~oN crNnd by said wawiswry ~oN ~nd Nw~
rworW+9~. Mwn. ~+d iw ~Aa~
wwe. and N ~Ae aWien o1 tM Mw~ ~nd wiMa~ no~ic~. aN ~wr ef w~omr wcw~d Ae+eby sAdl iwrw~di~Ny ~nd ca~wr«uly wiM ~ud~ convey~nc~ Mconw
de+~ ~nd phrabN ind in d~twh.
11. iMt in Nr weM IM o~«nisa AN~EY ~~9i9~d, a~ny P+~t Nwwf. ~A~II b~ condem~d ~nd uk~n for YuWie uN w~dn Mr powp o1 ~wrewnt dan~in.
Ny Maty~y~ aMll Mv~ M» riqM a d«n«~d Ma~ sll d~q~ ~wa.d~d fw Nr aki~q of w dunap~s ro s.~d a~isa Jw11 0~ w~d a Nw Mono+~ uo w Nr «na,n~
1Mn urpwd on Nw w~ortq~p~ and a1 Y~ oqion of ~M AAwt9~~ M1/ ~~OP~i~d uv~ tM p~ynwnb laal qy~AN ~Mr~on.
12. 1M e~wtq~per bind~ Aiwa~N nw b~nct a pwiwit b b~ w~cf~d ~np Mw Auildi~ on tM p~w~ifa Mr~in wartp~qd a b add b a perin:~ b b~ ~dd~d
ro ~ny of tM ~aistNp iinprov«wM+M ~Mr~on a~k~ w~y chinpM w~Ih~~tia+s ie t~id inwrowiMnh which nrwiallp cMnq~ ~ sMw~ a~M us~ M~rwf, wdlww
tM v~nitbn cau~m of Me AAortpapN. and iw tM ~wnt ot aehr viobtion er ~nNwW w v~dah d~is u~p,4tion Mis mor~p~p~ ~nd ~II wnn ti~cund Iw~by sMll in~
11M~1~1y bKO~M dW N1d C011Kfi~ N 111~ ppfipl o/ fIN Mo11y~~N.
1J. It it ~p~eit~cally ~yrNd ~ha~ t~nw is of ~M sa~~nc~ o/ dws conuan and tAat no w~~ver of ~ny ostiq~tion Mr~und~r a o1 tM obliyu:an s~cured Aenby sh~ll n~enr
tiny M Fwld w b~ s w~iva of tM wwr M?~ol or of Nr imtrwnant s~cur~d Mr~by
!i !~~!~xs ~ssSr.ps a! sr+y saar.3 srast;,sps ar ssta~3 tziss .'.sad ar uy t;.r.car lSsn o! u.y tEs.3 a6ac.:3 Ls :rut:i.,tad. it.i 8t3+t~?K'++ ~r. ib uv+~on.
~mnrO~aqiy a tlwNiM Wclan Mn mor?~y~ ad N~s ind~Ebd+u~ s~curM MnEY dw ~nd ar•w• /ar~hwitA, and nry at iM aWion aocetd to fa~cloa~ tA~~
nwHp~p~-
13. To tM ~:Nm oi ~M ind~M~dn~u oi tM Monp~pa w th~ Mw~9~9e~ dnviMd her«n w s~cur~d hr~bY Mr Ma~papar i~ I+ueby s~broq~~ed a th~ li~n w
liwa and to Nr ?iyAb ot t!r ownws and Aolden Mereof of e~d~ ~nd wery ~noreq~q~ lien w aM~ innwn~wnc~ on th~ I~nd dan~Md Mr~ie whid~ i~ paid ~nd/w
sstFSfi~d In wlqN or in p~rt ow u1 M» poceed~ oI tM Iwn d„cr~Ded herein a s~cw~d AKebY. +nd M~e ~esD~ctiv~ liua of s~id ~nor~y~yes. 6~ns « prher .ncwnbanen
tMp 6~ Md fh~. sM+~ M~d Nch o1 IMrn hereby is O~~d ~nd sMtl pass ro ~nd b~ INId by Iht MwtpaqM Mr~in M Ncurilp fo? tlw ind~bNdr~u b 1M Morly~qN
Mnin desaib~d a her~by sacured. ro tM s~ eat~n~ Ms~ it wwild hav~ been pnurwd snd wa,Id h~ve bsen p~ssr! ro ~nd been Mtd by th~ Mor~p~ h~d it been
duM .nd rpular~y asq~nd, e.«~sta...d, a~t ovar ~nd detiv~nd unro tM Mortq~qee bY sparaN dNd of ~uiqewnent notwi~Asfand~np tM fac~ th~~ tM sam~ m~y be
satisfi~d and c~ncdl~d o} ncad. it peinp Nw inNe~rian of dr p~r~~es Iweto rMt th• swn~ w~tl E~ suiali~d uid c~nc~INd of r~cwd by el+e holders tMreof ~t w abou~
tM tin» of d» r~cordrq of Mis ma/pay~.
16_ io par all and s~nqul~r rhe cosn, cAarges and eapenses. ~ncludm9 4wyer's fees. ~easonablv ~ncurred w pa~d a~ any nme by Mc Mo.rq~q~e. Eecause of ~he
fa~~!urc oi ~he Mortqaqor ~o per/pm, compl~ w~th ~nd ab~de Dy exA and wpy rAe s~~wla~wns, +9ree~nents. cond~nons. ~nd cwenants of shd pom~sswy note and eh~s
deed. a a~ner. and every sud. wr~~s s~all be~ ~OtNMt (ran d~ee ~t N+e ra~e aor~ded in ssid wom~saar ~oN
17. wlwn anr ~ww~mt of wo~w ~s ~ o~id br Nr Mera.ge. fe +M Mena.a.. und.. d+. k.~. h...d d+,~~ b. ad,.,~. e. .i,,...i.1 .ti. iw..._.,..,,,. w.r,,.y c..
•ny of the o~lrr lernu, povisions w ca~difioro o~ Mis Mwtyye. M~n ~nd in th~t us~ ~M Mortp~qe~ sMll h~w Nw riyht, witho~rt no~~c~ a M» Mwtysyw. ~o
colkct and r~iv~ frpn sery t~nt w IysN oI s~id mwtp~p~d pr~wvs~s th~ nnts, ias~es r~d poi~f~ of tM rMl ptar~ her~by rnor~y~p~d ~nd th~ i~wpro~.emenn
thtra~w~. ~nd b 9ivt papM r~c~ipes and ~cqrinw~cp 1M~tiw, u~d aher p~yinq •11 conrn:asiau of ~rqr rMbl ~q~nf coll~cteq tA~ aa~ne. ~nd aMr rwon~bl~ atarney'a
fees u~d oM~? eKC~saary ~~owr~s incwr~d in coll~etinp s~m~. a spply ~!r vroceeds oi such colkctiaa uvw~ any indeDndness. obl:~tion w Iiabilif~r. ot th~
~t9+qw I~eund~?. TM riyM 9raMed tM Mortp~qw und~r this prpr~ph alult b~ in ~dd~~an to, and shall nW lirnit a r~strid, ~nr aMr r~ph~ a riyhfs qr~nted
tM Monp~~ in dwa Alortqp~-
le- If Ih~ Mortp~pw~ N IFy tinw of mtkinp this Mortq~p~ a subs~p~Nnt therNO 4k~ wit lif~ irtsur~nc~ dMiqn~tioq IM Mortp~pe~ hetein u benef'Kiary with •
I. ~a^w++W ~DO~~ed bY H» Mwtp~yw a usiyns poiicies to fM Mortq~pa~ fw fh~ pwpos~ o~ secu~rinq kr morty~qe (wn Mr~r secu/ed, tlwn th~ Abrfp~pe~ s1y11
have th~ riqhl b W1~ +M P~~~ aeavinp undr ssid Po~ici~s. ~nd ~II swns so eaD~~ded sh~ll b~ add~d w ~nd Mcom~ ~ Pwt of th~ pinciWl indeWedn~ss s~cwed
by this Nlorfp~p~ ~nd flyll M p~id b~r tM Mwtq~qp~ to tM Mortyaye~ in twelti pwl coroecvt:ve momhly infbll1nenh, tM fint monMhr inst~llm~m to D~ ps:d ~s •
psrt of end in ~tion b th~ ~nonMdy payemnt d~r~ under this Mortq~y~ in tM }irst ulend~r month idlowinp tl» tapen~ny oI said swn. S~ich swro w~spendtd
ro besr :m~rest a~ N» nt~ st .vAicA inwea? is pay~ upen sa:J p;nc;p~l indeb~edness and ~M I~M of M+is Mlwtq~q~ sh~ll eahnd b ~nd s~cun tM sums so e=pended
+oqtrMr wilh intar~at thuMn b he~anb~iw~ V~~vidd.
19_ 71at Io~~tIK? rilh and i~ oddifiow b th~ ~fidr papwenf of piuuipol ond ialerest popable rwder fhe ferws d tl~ woM sec~red berebp. INortyo~or
shall pop b Morl4a~~ wcl~ wonlh v~11 wid nole is lYllp poid, ont-twelfth (1 /12) oF o srw puol to /1K o~wud pre~iw due fw (ue, eat~nded coveroge.
ond ot`er Iw:a~d iwwrawce oowriwy tIM ~wtyop~d Prop~~ry. P~rs loses owd osaes~ewh weat dw w tlie wwtyo~d PropKb (oll os esti~oted bp Nbrqogee)
leis od wws olr~odY poid tlwr~fo?, awd to b~ di~id~d bp N~e nrwber oF w~oMAs b dopw prior to tl~~ doee w6ew wch waes oed os+eis~ents sbdl becwwe
delinquent. Soid sws shaN b~ i»ld bq MorlOop~t ia hYSt or cndiled b the priaapd d t~e baw. b pop soid i~swa~a, baes, ond auesu~enh ond slwll
bs oppli~d ow 11~ pop~wet tL~rwf wlNn dw. My ~~ecess A~W in trrst bp Morpop~e rhen soid ban ia poid "a Fd! sbaY be poid ~o Mortpopor. w his
aasiyss, or pe~yowd r~~elotiv~s. Iw tl» e~ent oF o defwr{t w iwedosvre, aoid w~s Iwld iw trvst rwp b~ applied ow pry ~ o{ ~yK wstaiwed in
connettiow ~ri16 fM oolledio~ of tb~ wh warred herebr ~rlwther bp s~it. lwtclosur~, or ot4rwise- Mor1p°O~e ~01 tro~ ti~ W fi~e of ifs option ~oive, ~
and af~er awr srcM woiv~r. ?~iestol~ owp or oU pro~isio~s heraof rp~i?iny such deposib, bp wofic~ !o Mwlpopw iw rrritiwp. Whi1e onr such ~roiver is in i
effect. Morlyopor sboU por taees, mseuwceh and iswronce prewivwn os bersin elsewl~ere prewided.
20. As required by the Federal Disaster Protection Act of 1973, to keep the buildings and all
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 FEDERAL DISASTER PROiECTION ACT OF 1973
All provisions of paragraph 3 above shall also apply to this additional Federal insurance re-
qu Nrwm~nSStl~lilE~EOF, tM said Abnyspa hKwma s~ts hit Arwl ~nd sNl this tM d~y and ywr fint ~bov~ writr~:
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