HomeMy WebLinkAbout0535 Asr~iMf1N PeOVided.
d- To p~rfam, curo~y with and ~bid~ by ~ach ~nd werY u~W~+~b^• +9na^~^6 c°^d'i'°^ ~^d cov~nant in iaid prom~asay no~~ +nd dNd s~~ io~M.
7. If i~r o/ tM wwn ef ~an~Y Mr~in ~~fMr~d b A~ nel P~u~P~N ~nd full~r Wid within tAirtY (]O) d~ri n~al ~ft« Nw un» uv~r~lly Mconw dw ~nd My~l~, ~
a if ud~ ~nd ~w~l !M Hipul~t~om. ~pr~nwnb. condi~~on~. and cov~M~ of ~~i0 pom~iwrY noN ~nd Mi~ ~pfYW~. a ~itM?. ~r~ nW d~h vMfanNd. conwt~~d ~
wi~h w~d ~bid~d ptl. ~M soq~~~~ sww nNn~ia»d in s~id pawiuo~Y raN aMll E~conr dw ~nd wy+~ 1«MwiM a N~Nfw ~t tM op~im of ~M Ma~yapN. ~
a h+llp ~nd cowwNNN a if f~id ~pp~p~N iwe ol inoMY w~ aiyin~lly ~tipvl~l ~d b, ~ W~d on such ,$y. a~ylAiny i~ a~id pawiuory noq p Mr~iw b Hr ~
ca?xay notwitMlsnd'rq. , ~
1 Y
t. To d~liw. to s~id Ma~pa9e~. ~ p b~fa~ March ISth of ~sch y~~?, ta,c rKfiplf tvidMCinp ~M paY~~~ 01 ~II bwfully impoud u¦~s fw ~M prec~d~~+9
calendsr year, and to dNive~ ~o sa~d Abrtqeqe~. ~eceipts widN~tinp tM paY~t ol ~II I~N+s ia public ~mprov~m~nri within n~nety (90) days aNa+ tAe iam~ sMll
becane dw and Psyabl~. ~nd to Pay a d~scMr9~ within n~eNfy (90) d~ys ah~a dw d+t~. ~nY a~d all pov~rnm~nql Iw~~s tha~ maY b~ rn+d~ w~ ths ^ar~W9ed
wope~ry. on ~~~a mo~tqag~ w not~. a in any o~her w~y rtsultirq from tM MwWa9~ ind~b~~dne~s +~cund by this ma~W9~: and if this condition b~ no~ compli~d
wiM ~nd pNfumed, said mw~qaqN m~y wY u+ch sum a sums whicti sMlt ~come put of tM d~~t s~c~r~d by ~hi~ mat9~y~, +nd slu~~ b~+~ ~n1NHt ~t tM r~N o(
s~a pN ten?. (0°k) PN +n~+um. paYabH stmi-~nnually w~1i1 paid o* said Mor?psps~ m~Y tl~ct tMt said ma?9+9~ dtbl tMr~upon beca+n~ dw +nd WY+ba iathwith.
9. It i~ funM+ co+~n+m~d +nd ~wMd bv uid pu+i~s ~Mt in th~ ~wnt of ~~wt E~inq inarin~~~d to fa~cbw N+i~ nar~Wp~. Nw Ma~Y~~ ~+11 b~ ~mitbd w
~pplp N a~ro tin» pMAillO ~YtA IOfKIW1M~ ~uwt a ~M coun MrMq iw~~diu~w+ d~ww! i« ~M ~poo~n~~~ of • ~~c~ivw d~11 ~+d unpular ~M matp~p~d pop~r~r.
~nd of ~N tM ~M. incw*~~. v?ofiM. i~wa and rwMws Mw~o1. ho~ wMtww« sowc~ daiv~d: w+d ~~~woe it i~ hMeby •apnsaN tov~n~roed and ~WMd
rMt ~M eewl sMll totiAwiM ~ppotiu ~ ne«vM e~ wid mw?9+9~d p.ow~Y. dl ~nd unqular. ~nd o1 sueA r~MS. ieKOw~?, profits, iuw~ snd .~wnw ~~o/. from
wM~avw waa d~rivrd. wi~A ~M ~nwl powMS and dutia of nc~iwn in lib uus: wd such ~oDO'nt~~ ~hill E~ eud~ bp svch cowl u• nyrh? oi shcct ~pM
b IM MO~pp~~. It~ wccwwn. ~p~) rprh~nbtivp a ufi9n~. ~nd wi~haA nhr~ b tl» ~dpu~cY w in~d~pu~cY oI IM vdu~ 01 fM W~~11 ~~bY ~wf9+9~d.
a te ~M wlv~cY «~Y o1 N» Nbrq~pa. w+d tAat sucA rN+t, poiia. inco~. iuws ~nd r~v+nuw ah~11 b~ +oP~»d ~r ~ud? hcNwr to +M wrnan~ 01 Nw
mer~wq~ ind~hdn~s~. to~b ~nd cMrqw ~ocwd~nY b Nr ada oi wd~ court.
10. If sll w ~ny parl of the proM~tY or an intaesl tia+ein is told a tr~nsfand by inw~p+9« without mwtp~yN'a pia wrinan cons~nt, sxcludinp (a) ~M
creation oi s I~en or erx~mMar+ce subwd~nate ~o this mwtys~*. (b) tM crestion of a pwcMw moneY s«~ri~y i~taeat fa houa~hold N~pl~~nces. (c) s tran~fer by
dev~st w descent, a by operatio~ o( law upon d+e de+M of a joint ten~nt, w(d) th~ prant of any kaseFald inrerest of tAre~ ye~n w leu nct com+~n~n9 M oDtion
ro purchau, mortqaqe~ maY, at ~n option, dsclue all ~he w~ns sacu~~d by N+is mort9aqe a b~ tm~md~+uly dw and paYSble. Mo.tp~yee slull haw waiwd such ~
option to sccele~aN if, priw to N~e ssk a transftr, mwtq~qte a~d tM person to wF.an 1M ptoP~r?Y is a be sold w tr~nsfened reati~ pre~ment i~ writinp
that ths cradit of such psrson i~ Nti3IKiOfy a Mortyaqee and tMt tM ~n~erest p~vabl~ on th~ sums sawed bY M~s ~~9+9e s~+ll b~ at s~cA wt~ ~s Matp~y~e
shall rsqwsf.
11. lAN in N+~ went ~M o~«nises Iwr~br morr9pd. w~nY M?~ tMrwf. ~h~tl b~ condemn~d ~nd uka~ fer Publie uw undM dw vo+rM of «wie~u dowwin.
M. Ma~9+Y» aha11 A.v. fh. riqM a d.w~w~d A+.~ ~11 d.n~.qn .vra.d.d iw N» »kinp of w d.w~+ws ro s.~d v~se .MII b~ p+id a il» Mony~y.. w ro M. wwaM~
~we~ ww.~d a+ dN. ~aorty.q. .nd at ~h. ow~on d eh. Nbno.y« ~r ~•ov~~•d uoon tn. wrm~+b laat p.yabN Nw.ow.
12. TM nwrtWpo? SiMk hina~lf noe M N~ct o~ o«mi~ ro b. «.e?.d .ny a.w bv~Idny. on ~M w•nr~., M.«n n~o.~wwd a a.dd w o. w~~n;e ~o b~ ~dd.d
ro ahr o1 ~M ~aistaq unwov«nN+~s ~Mnon o? ~k~ ~ny cMny~~ a ~ItaN~ons i~ ss~d iew.wa+~b which nrtNiaUY cMn4~ Nw sa~ a~ ~M ua~ rAw~of. w~M+ou+
tM vrritNn coen~nl of tM Iko~t9+ON. and in d» ~v~nt of ~nY viot~~ion er aneiwW a viot~N d~is st7pubtion ~lw~ mwfp~p~ u~d ~11 awes s~~d Iwr~bY shdl in?
m~d'itldy btatM dw and colhchbN tl tM oWion o( tM Morlp~pN.
13. lt in sp~cifiully ~yned thst tin~ is of ~M essM+c~ of this contrac~ and ~MU no w~ive? of any ob:ip~tae hNwedN w ot tM oWi9at~an sawed M~~by shsll at a+Y
r~m~ b~ Mtd a M• w~ivsr of Nr Nn+u M~~of a of N» ~mtrwmM sacw~d M.~by.
11. li fw~closw~ v~oc~np+ of ~nY s~cond mo.~p~q~ w s~cond tros~ dMd or aey iw+~a iien of anr kind should ~ im~ifvhd. H» Mw~p+s~ T+Y. af ip opuon.
imwrdi+hy a Nr?Nfter d~clu~ Mia matyp~ and N+~ ind~W~dnN~ ~~cw~d Mr~SY du~ ~nd wr~W~ farAwid~. and wwr iu eDtion vroceed f0 IWK~~ thia
~~9~Y~-
IS. To tl+~ ~ahnt o1 th~ ind~W~dmss of tM Ma~p+yw.to Nw Mweq~pe~ dna~b~d here~~ a secwed MrebY d~t Matp~ye~ is herebY s~bre9+?ed ~o tM Iwn w
I~~ns ~nd to ~M riyhb of Nr ownfn and hold~n Mneof o! ~~cA snd waY ~tqaye Ilen w aMr incumbr~nc~ on M» land d~snib~d Iwrein which is Wid ~nd/or
satisiNd in whoN w in D+N ouf of tM prueed? of tM Iwn describ~d her~in w f~curtd MrebY. and tl~e resPKri.r~ li~ns o} said nwrrp~qes, li~ns a Whe~ ~ncu~nbr~ntes
sAall b~ and tM. wr.~ and ~ad+ oi tMrw hereEY is w~senred and shall p~as ro snd ~ hdd M~ M~v+~~ h~r~+ u s~cw'~r fw ~M ind~bwdn~+s to tM Mw~y+9N
htr~in d~fcrib~d or he~eby s~cur~d. to tM s~ ea~ent tlwf it would hav~ Eesn peserv~d snd would hav~ been Wase! to ~nd been h~ld by tM Mortp~qN had it been
d~,h and r.~rl.rh +a~yned, n~nsf~rr~d, s~t ov~r and deliv~r~d unro tl+~ Mortq~qee bY sw+~~a de~d oi ~uiqrwmnt notwiMnqndin0 tM iaa th~t Na s~~ m~r be
urisiied ~nd canc~lled o1 r~cord. it b~~eq tM intMUOn of fM p+r~~~+ ?~ertto ~Mt M~ sam~ will b~ s~t~sfid a~d canc~lld o! recwd by eM Iw~dns thereof at a sbovt
tM tiww of th~ r~cm6nq of this m«ty~q~.
16. To pa7 ~~"+9~lar the costs. ch+rqes and e,pe~ses, including tawyei s fees, reasonably inc~rred a Wid ~t any t~ms by the Nbrtys9ee, becavse of
the failwe of rF~e Mortqayor to pe~fwm, comply with snd ab:de by exh and everY ?M stipulat~o~s, ayreements, cond~tions, ud covenants of said praTisswy
note snd this deed, o~ e~thet, and everY s~th psr~t shsll besr interest from daro at the rata provided in ssid prarsissory note.
17. VYMn ~nY ~t of ~+a»Y te b~ Wid by fM MwtWOa a tM Mw~pap» w+da ~M terms Iw~wf sMll b~ in d~iwN, a shwld tM Mw~9+9a d~fwlt in
~~Y of fM etMr terms. D~ovisaro or cond~tions of this Ma1y~p~, tMn and in thu us~ the Mortp~ye~ ahall Mw d» riy1N, wiM~out noGCt'te tM NIwtY~9o?. ~o
ccLiecr ~+d rec~iw fran ~nY ~~mnt w IessN of said mo.*w4~d we~s~s Nw r~nes, isw~s u~d wof;n of tM .wl esuN her~btl nar~y+qed uw! rM imwwemecas
i rherepn. N~d ro pive pop~r ?eceipb and ~cq~inanc+s 1Aer~iw. +nd afta WYiny •11 comn~ssions of ~nY rental pent colkctieq th~ s~m~. and s~Y ruson~We attorney's
j f~es and odwr necessarf ~sPnws ~~cwred in collM:nq ~+rn~, b spp~y IM p~oieeds of such coll~ctions upa~ +nY irwleW~dness. obliyar:on a li~bilih. of the
; lY{ortq~por ?eteunde+. iM riyht yr~nted tM Abrly~pe~ und~r lhis PK~W+d~ sh+ll be i~ sddtion ro, u+d shsll not limit a r~ahict, ~nY WMr riqAr or riqk~s qranted
~ th~ Mortqq~~ in tAis Mottq~q~.
~ 18. If t!w Mortp~yort at the tien~ of mskirp ~Ais 1Mn??9+9~ w s~»^t tlKnto uk~ ovt lil~ insw~nc~ d~siqnstinq tM Mwtp~qer herein ~s be~e~~ciary with a
coenD+~y wD~oved bY fM MwTW9M d aasiqm policies ro tM Mwfq~ye~ fa Ih~ DwD~ of senxinp fM mwtq~q~ lou+ herebY secw~d, fhen th~ Morty~9te sMll
have ~he riyht ro Wl~ +~Y OnTiwn accrwrq undM said policies, rid ~II swns ao ~aP~d shall b~ added ~o ~rd b~can~ s D+~t of tM Principal indebtednas sec~red
by Mia Mortp~p~ +nd ah+ll b~ p~id bp IM Mwtp~go? ro tM Mwfysqe~ in twelw epwl consec~tive a~onthly irotallm~nri, tM finf mon~hly insUfl~nt to b~ p~id ~s ~
p~rt o{ end in additio~ ~o tM n+onMhr vaYm~nt dw undn th:s Mortp~q~ in tlw first ul~+dar monfh follow~nq tM •apud~np of s~id sum_ Such svins so tapended
to bt~r intuest ~t th~ r~K ~t.which inNreat ia paysW~ upon s~~d pincipal .indeb~edneas ~nd rM lien ol Mis Morty~q~ sh+ll exNnd to snd secw~ tM ~wns io eapended
ioq~~her vri~h intarMt ~Iweon ~s hnnnb~for~ prrid~d. ,
19. At morty~yee's option, together with x~d ~n sddition to ?he ma+thly psyment of principal and ~nterest paysbk under rhe terms of the note secwed
hereby, Mwtyayor shall psY ro Mor~9sgee e+ch momh ~M'~ sa'd note is fvlly psid, one-twelfth (1.'121 ot s sum cqval to the annwt premium due for fire, eatended
coveraye, snd otMr M:srd ir~sw~nce coverirp the mwt9aqed poperh. P~us ta¦es and sssesaments ne,t due on rF,e mortq~yed properry [all as est~mated by Mort-
g~N) !Mt alt swro already w~d thcrefa, and to be d~vided by the nvmber of momhs to elapse priu to tAe dare wlxn such ra~es snd aasessments shall become
delinqutnt. Said wms sha~l be held by Matq+yte ~n trvst w pedited b the principal of the loan, to pay said inlursnte, t~afsJ and usessmems and sha11 be
applied on the piyma~t thereol when d~e. Any ettess hefd in tr~~t by Mortqaqee when ssid loan is paid ~n f~ll shall be paid to Mwtp~gor, w F~is ~ssiyns, u
perso~al representative~. In the event of a def~uh o~ iweclos~re. ssid swns held in trust may be ~ppl~ed o~ snr cosrs of d~msges s~stained in connecrion wiM ~
the colkction of fhe note secwed Ixreby whcther by s~it, fwecloswe, w othtrw ise. Mwt9~9K ^~+Y ~o^+ 1'me rP t~me at its option waive, and after ~ny such
waive~, reinsfafe any o~ all provisions hereuf req~irinq s~cl+ deposits, by ratice to Morfqaqor in writing. IMi~le any sirc~i' waiver is ln e~fect, Mwt9a9u sAsll p~r
taxd, assessments and inwr~nce premiums ss herein elsewhere Provided.
40. Mortgsqw shall comply with the povisions of ~ny tease, if this mwty~ge is o~ a lesxhold. If fhi~ m«tpsqe is o~•a condom~nium vn~e, moreqayor sMll
perfo~m ali of mortq~gor's obtiyations ~ndei the dtclaation of condomi~ium or masrer deed, the bylaws and regutatiwn of the condom~nium proi~ct u+d con-
stituent docvments. Mort9apw furthe~ cmenanR ths~ he +~d the assoc~ation responsibla fd t!x ope~at~an of tAe condom~n~um will observe atl of th+ provis~an
of the said declsration, and ~ny amendr~en~s thereto, ~nd of the Condon+in~v~*~ law of the state, and will perform all obliqaf~ons tlxre~nder; snd a failvre to do
so which is not c~~ed within 30 days aher notKe qiven by the mortgagee to the mul9+qor a~d the ss~d assouation shail const~wte + default ~nder this mwtg~9e-
~ Mwtpa9w furM+er specificalty coven+nts, buf .rot bY W+Y af limitat~on, fhat he and rRa asaoc~atro~ will observe sll of rhe p~ov~s~ons of said dec~ararion of cu+do-
minium rtl~tiny fo inswance covtt~ge•
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f-: •
~ 21. Nbrtgagor f~rther cove~anh and agrees ?h+~ +1 the reques~ of Mor~gaqee ro f~mish a s~anda~d termite bond insunrg agsinst damsge by in esNtwn on
~Y :he bu~fdings now w Mereaf?er locsted a~ the morl9~ged WoPe~tY, in s~xh amounts and tams, snd with such companY as aDP~~~ ~ re~ired by Mwty~yte:
~ and in the event Mortg~gor does no~ cornplY w~rh this covena~r Mortgsgee shali have the same rights to obtain ssme as insurance coverage under coven+n~
~3 herwf.
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(Signatures an Reverse Side)
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