HomeMy WebLinkAbout0530 7_ If ~ny ef fM ~wa o! mon~~ hwtin r~fand to b~ net Oro~pM? w~d fv1N wid w~N+~n Nurry p0) d~n n~a~ ~ha d,. .i~. •w...ihr e«w~. a.,. «~d wrapl~,
et i/ ~CA .N~d ~vpll Ily ~~ioulN~oir. pr~w~nb. cawi~iom, ~nd cov~nw~M el ~~id Wan~fsory noN ~nd Mi~ n~or~Wp~. w ~itMr. M~ nW duh Pafawrd. comO~.~d
wi~A ~nd ~Sid~d bY. IM WY~~N ~ww nwn~~on~d in iaid wonwwrY noN ~MII A~co.n~ dw ~nd Wy+bb fwtAw~M a N~wwftw Mr op~ion o1 ~M Mar~y~q»,
w firlly ~nd cawobhh w il uid ~yqrp~a ~w~ 0/ rwawy wu aiy~nally u~pu4t~d M b~ w~d on fytl? dnr. ~nytl+~ny in s~id po~iuory na~ o~ Iwr~in ~o Ny
. cq?hMy nOlwillqqn~iq¢
i. Te d~livM N wtd Mort9+y». on e~ b~fa~ Mad~ ISM~ 01 NcA yw. ba r~ipq ~rid~ncieq th~ p~wwu ol ~II I~wfully in~d yaM fa ~M pnc~di~q
c~Mndn Ywr. a ddiw? a uW Mon9~pN. nn:P~+ widwa~no fM wr~n? of ~11 Iwm fa v~ic iw~pown~nei wiM+in nieNh d+Y~ afNr Ny ww~ J~W b~cow~
dw «~a ow.sw. «~e a ay a dt.c~..o. w~wan ~~.ev (oo) d.y. .n.. dw d.~.. .~r «~d .n oow.~.,u~ d~u ~.r e. ~..e. o~ r~. .w.ro•~•+ o•ov..+r.
on ~his mwqp~ a noM. a N ~ny oM~ w~r rnultin4 hoa ~M Mor~q~p~ ind~bMdnMa ucur~d M/ ~n ~prt~p~i M' Mih cow~ia^ M ew~ caw~»d w7~A ~nd oa-
/awNd ~+Fd inaty~qM ~y pw wcA ~un~ w w~ wAicA ~MU bcony o~n ef M~ d~W Ncw~A bp ~his ~ind sMN bMr s~rp1 N ~M .~N of si~ pM cMa.
t~%) vw wn~w~. ar.b~. ..~-.tiw.iti unNl pNd a ~~id Ma/y~pN nyY ~bct MN ~d na.q~q~ d~M t1~w~upon O~cau~ dw ~ o~1r~bM forM~+r:~A.
9. It h fw~M+ cownruad w~d +yrNd ?y uid pania tMt :n tM w«+~ ot •~uit b~~nq ins~tnre~A ~o fa~cbw Mis ww~p~p~. Nw Mor+~p» ~1r11 b~ w~~Md a
~oo~1r N Mw fiM p«+dino sucA ia~cb~w~ wi~ te tM cowt MvMO Iwi~d'iction MNwf (w tM pooi~~er+u e1 • nn:wr e~ ~11 ~nd s~nqu4r M?~ a~ert~d o~~M.
~nd ef dl /M r~nM, Inco~w~s, profil~, Iww~ ~nd r~wwp Mw~e1. from wMboww wwc~ tMriv~d: ~nd N~.~u~wn i~ i~ hM~by ~,p~aly oowMnNd and prNd
IMt tM cowt ~hall forthwi~A ppoww •~~c~ivM d wid nwrty~o~d orope~M. ~N ~nd ~inqulM. ~nd o1 wd~ nnh, incow~s. polil~„ aw» end nwM» Nww/. ho~
wM~w~w wurcy d~riwd, wjM ~M wwl Pow~n M+d dwia of ncriv~+~ in Gk~ c~~: ~nd wd~ +oPO~n~wrm ~tl b~ w~ bp wd~ cow~ a• w+~?N? a1 ~trict riyM
~e IM Morty~yN. iM wocw~on. M9~1 ~pr~+qtivN or usipm, and wi/lwul ~thnea~ M ~M +d~V~+~l~ er iniA~ptwcy o1 1M v~lw of IM WePMY ~~M ~q~Y~a
a a ~M wlv~ncy a inwlwney of tM MoNp~pa. ~nd Nut ~vch nM. prolia. incrw». i~~ws ana rw~nuw aMll 6~ ~PO~wd by wd~ ns~iw a M» ow~ro ef NN
wwrrW9~ ind+bNdn~a~. tab and cMrpM. ~aord'wq ~o tM ord~r of w~d~ courl. .
10. M ~ ca+wr+~a ~ho~ld M~d~ by tlr 1br~9+Ya ol Nr pewwsM Mr~in d~sv~0~d. w+rw w~ flwwf. rr~~Ao~» d» wwitMn conww of Nr Nb~pw, ~nd
wilha+f wwnpt:on i~ nWla~ Iw+ oi 4w by tly p~ntN e/ ~M oblipHion b M~ Mor+p~qN a~~hd by wid P~owJswry woM ~wd M3~ worp~q~. MrA. ~nd in U~M
~vwN. ~nd N~M oW~ew oi ~M AAafp~yN Mwl wiMw~~t notic~. dl ~uwr oi rno~Y ucwed I+KeA~ ~MII i~hr ~nd oa~nwr~nNp wifA su~A convM~nn b~co~
dw ~nd ay~bN and in ddwN. ~
11. ihu In /M wen~ tM P~Nnists MnbY ~~9~9d. w~nY P+?1 Mvwi, aMll b~ condte~d ~nd qk~n Iar Orb~te uN undw dr povw of wYwwt daw~+~.
IA~ Morty~y~ iMll Mv~ Mr riqM a d~w~nd ~Aat ~11 d~qh awwd~d fw N».bkwq of or d~~~ ro s~id pr«wisp Jrll b~ p~id p tly Morfp~qM up b Mr w~owu
IMn uep~id on Nw mor~yp~ ~nd N IM opfion af IM 11brfW9M ~wY ~~OO~~d uv~ th~ paynwnH lasf pap~ll~ ~M.~on.
12. iM n~aty~qor Fwnd~ hiwadf ~o+ to ~r~ct a wnwit w b~ ~nct~d aMr Mw b~ildrq~ on tM o~~+w Mr~in iwaty~p~d w w~dd ~o u oMa.it b b~dded
w~rw d IM ~:istNw in~wa~wn«+a ~hawn a nwlc~ ~ny cMr~pM a attN~tiom in wid irno.ov«e«+b whi~ nrtwiallp clwq~ N» s~ a Nw us~ dww1. „nM~a~
tM writNn eoeu~nl o( ~M AAorfwpN, snd in IM ~wn~ 0/ ~np viola~ioe or Nt«wW b violaN this t~ipul~rion Miy wanp~y~ and ~11 suaa s~ew~d Mr~ J+~N :s~
a~iNMr b~coww dw ~nd colbcnoM N Ny uWion ol Nw Mwty~p».
13. lt is ~p~citiully ~prMd tAat tin~ is of ~M ~ss«ic~ of M~s comract ~nd tMt no w~ivN o/ any ob!ipHion Mrwndrr a o~ ~he oW~yu:on a~ev~ed Iweby JuU n anr
tin~ b~ MW ~o b~ ~ w~iv~r oi ~M Mrna i+~nof w of dr instru~n~ ~~cur~d I+N~by.
11. 1l fw~clwun o~ocNdnp~ of ~nr s~eond rnwtp~p~ w s~eond Mnt d~~d or ~ny i~nior li«+ o/ any kind should b~ imtieund, tM Mo?~9~+ n~r. H ib up~on.
inr~d~iahh a fl~wher d~c4r~ tAis nwrty~q~ ~nd tM ied~W~dnas secwed Mr~bY du~ ~nd wy~01~ fa~hwitA, ~nd w~q u iu opt:on p'oc~ed b IorecbM ~Irs
~nor?y~p~. ,
15. To tM upnt of dw ind~b~~n o! tM Mortp~pw w th~ NIw~9pM dnu~Md here:n a s~cw~d Mrebp N» Mortppe~ is tw~ebp ~~brog~Nd a M~e I~en o?
lipu w+d to M» riphb ot tM own~n ww! IwW~n ~M.eoi oi ~~cA ~nd ~wry mor~qpe I~en a o~hw incwebranc~ on Nr Ir~d dncriE~d Iw~in vrAicA a W~d ~wd/e?
s~tisfi~d in whob a in pnt ou~ of d» proce~ of tM loen deurib~d h~r~in a ucwed Mreby, r,d ~M resp~ctivr li~m of s~:d wa~ry~qe~, lisns a aher ~ec.,..~b~ncea
tMp M and /M. w~ apd wch o( IMm hutpy is prturv~d ~nd aMll pass M ~nd b~ heW by ~M Mortq~qN 1w~iw u wtur~M fa tM ind~brdmss w dr AAorty~qN
J'~~in deaaib~d or hereby a~tw~d. ~o ~M sam~ tarent thi/ i~ would h~ ~n p?~urwd and wa.1d Asve ~eew vnsrJ w ~nd b~en MW bq ~M ARwty~y» Md i~ bem
dulY and rpulrly u~iyn~d, aw(ared. sN ow~ and d~liv~r~d w+~o tM 1Nor~9+9M ar s~v+~+a dMd of usipnn~ia naw:tAaUnd'uq tM iM N+~r NN aan+e ~n+~l bt
u~:sfitd and c~nc~lled of ~~cord i~ b~3nQ tA~ int~~~on of th~ pert~ MrNO N+~t the w~ll b~ sa~isfid ~nd c~ncelNd of r~cord Ey i~e holders ~}wreoF N w apou~
d» tinr of fM r~to~fiin9 oi this ~norlp~~.
16. io wr all ~nd s~nqu4. ~ht cos~s. cAa~qes and e¦penses. .nclud~nq lawyer's /ees. reasonablr ~~cwred a w~d any r~rne br ~~+e ~Ma~9a9ee. becauae o! M,e
la~~u.e o1 ~he Morrqago. w pc~/am. cwnpl~ w~rA and aE:de bp ~xA and every ~F~ st~putN~ons. syreem~n~s, cond~~.om. snd corenanh of sa~d pom.sswr ~~e and M.s
deed. a e~~Aer. ~nd e~rr ~~ti wr~n aMll beu in~~rest fran d~~e ~t ~he ra~e prw,ded :n sa~d pran~sso.r nore.
17. WMn +ef~ ~owq of moery fe b~ M~d bY tM Mat9~qo? to tM MatW9N wd~~ tM ~ernn Mrwf aMll b~ in defauM, o~ sho~ld dr JNafp+Ya defwh in
any of tM o~Mr tean~s, povistaa w cond~tiom of Mis Mat9~ye. tMn ~nd in th~r us~ th~ Mort~qe~ shall Mv~ dr riqhe, v~iflw~R no~:c~ ro N~e Mor~q~yw. to
colkct ud ?~c~iw fran aMr Nn~nt a f~ssN oI aaid ~norty~p~d pne~iws Nr r~nb. iuues a~d pofib o/ t!» rNl ~s~ah har~py w~w~y~yed ~nd d~ ;,wprovea~s
Nnrean. ~nd b 9ive popu r~c~ipts and ~cQuinanoq tMr~fw. ~nd ~fN~ payiny ~II comrosaiaq of ~nr r~nul p~M cotMctirg t!r s~nr. ~,~d sny naaon~bl~ ~npnM"s
iNS and oNw neceuary ~:pMU~s incurnd in cdbctirq sain~. ~o appy tlr procseds of svch colkcr~oes upa~ ~rry indebadness, abl:y~tion a liabiliAr. 01 Nr
Mort9apor hereuml~r. TM ripM qr~nMd tM Mqrt~ u~d~r Ihis prpi~ph shall b~ in addition M. ~nd sM1I no1 li~wt a r~spict. aeq plyr r:yAt w riqMs qranled
dr Mw1p~yN in Ihis Monp~q~.
1Q. If th~ A~lwtypw~ ae tM tinr o~ mskinp this AAonpp~ o~ wbspu~nt M~tqro uk~ wt I:ta imwuic~ da:gnstiny ttM Mwtqp~~ here;n at
~~WAY ~OD~OWd ~ t~N MOft~9l~ q alli IiCip t0 1~ ~OIt ~KM/y Milh i
9~ Po 9~9» ~p th~ pMpOSf O! fK1Xin~ NM mWip~q~ 10if1 hl~~bY MM~d. thM Ny MOflq~pl~ ~Aill
have tM riqht fo WY +~f~ WNni~wn ~a+vinp untMr s~id pofici~s, and all swro so eap~nd~d sMll b~ add~d a~nd Mconr • n+~~ of dr pinciW~ indebKdneu s«v~d
by tAn Mortp~q~ and fMll b~ paid bp Nw Mo?tq~yq b tM 1Mor19ape~ in hw~lv~ eqwl ca+stcu~ive monthly ienbtlnwnri. 1M fint monAJp irob~lew+f b b~ C+~d w•
i p~rt of end in ~ddition to tl» monN~ly payn»nt du~ und~r this Mortq~y~ in tM fint c~kndar ~nontt+ followinp fh~ ~~p~q of said sua~_ Sucl~ sw~s w ~apmded
E to Msr innrest ~t eM ~~M at ~w1~icA in~erest is qyibl~ upp~ ~aid piac:wl indtbtedness N+d ~I» I:~n of ~hia Mpty~y~ ~Iy11 ~:te~d b ~nd s~cue~ ~M s~w~s w cipended
i tog~~her wi~h in»r~sl ~h~r~on u harembefw~ povidM.
19. TIw1 byNlwt ~ilb u~d iw odditiow b IM wowtAly popwent of priwcipd owd 'wterest papoble wdN lie IK~s d N~t woN ticvred 6e~eb~. Mw~o~
sbdl pop b MwlOop~~ wcM ~wnM n~1i wid eot~ ia fYUp paid, owe-hrelftl~ (1/1~1 of o w~w eqYOl b 1~e owwYal pr~ due /or lire, eitewded corerope.
owd oM~er la:ord iwwrwc~ corerinq tlw wortpoY~d Wop~rM. p1~n toi~s awd os~ess~nts w~at dw w tiK ~1~o~d P~op~rM (ar m eati~o~ed by Mortpopee)
1 I~ss od was drwdr psid NKrdor, aed ~o b~ dwid~d bp tM n~wbe~ of ~owNs to daps~ prior b the da~s vMw wd tei~s wd ossess~h aia0 bscw~e
~ ddiwqwnt. Soid ~r~s ~aM b~ i»W bp Mb~po~e i~ vYSt « a~dil~d to N~e priwcipal of ~iw ban, b pop wid iwwra~a. tos~s. a~d m~es~ewb owd Jwll
b~ oppli~d ow fl» pap~ewt 1M~wF wlwn dw. M~ ~~ess MW in trv~t bp MorpooM rvbew soid baw o peid iw /oM ~Iww b~ poid w Mwt~opor, « Iws
ossiy~s, or p~rwwal repra~ntotiws. Iw tIK ~vewt o1 a deFo~rlt w fwedowre, wid sr~s 6eW in frYa! ~op be oP01i~d ow arr w~Is of do~wpea s~rsfoiwed in
oowaectiow wif6 tl» oo~ctio~ oi N~ woN sscn~ed 4rebr ~r1~etMer bp svit, fwedown, a w4n~ise. Mw1~ap~~ ~a~r fro~ ~i~e to ei~ 01 ies optiow ~.o:n.
and oher o~y ~d wroi~, reiwdaN oq or oY prorisiw~s i~erwf ?p~irisp wd~ d~posils bp wolic~ b Mwt~oyor iw ~nitip. Wl~i~ ahr wd ~airer a iw
~H~tt, Mo~tQaOor s1~oN pe~r torns, a~s~ss~wb oed iwwrawc~ p~esiwn os Irr~in elsewhere pro~ided.
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 dama?ge
~ and to comply in all respects with the provisions of the FEDERAL DISASTER PROTECTION ACT OF
1973, All rovisions of paragraph 3 above shall also apply to this additional federal insurancE
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