HomeMy WebLinkAbout0234 6. To per(um, comply wfth aod ibtd~ Ey eacA and ~vKy •t~pvAt~on, ~ynem~ne, cond~uon and covenanr in ~~id pom~seay non ~nd dNd sN fortA.
7. If ~ny ot ~M sunr o1 nwn~y Mnin ~~iwr~d a b~ no1 po~O~ly ~nd hrlly w~d w~Miw tAirtY (~Ol d~Y~ n~1~ dhr ~M sy~.N~~lly Mconw dw ~nd Wr~bl~,
er il ucA M+d way ~ uipub~~ar, pr~w~nb. ca+d~uau. M+d cw~n~nM ef •~id v~uniuwr noN and tAq ~oe~yfy~, a~i~Av. ~n net duly p~.iwn~d. canol~~d
wi~A ~nd ~Eidd OY. th~ ~pqrp~N iun~ m~nuon~d in u~A Wo~iuwY noN ~hatl bcony du~ ~nd Wy~EN iaMwiM or ~MrNNn M ~M cWion o/ tM Ma~p~qN.
q lvllq ~nd cow~plH~ly M i/ s~id ayqrp~N awn of ~y wu wipi~ylly ~tipubl~d W M p~id on ~utA d~Y. MhAiny i~ uid ao~a»ory ~wt~ p Iw~in b IM
conuuy rawriM?~and~np.
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To d~liv~r ~o s~td Mortpa~, on a b~fw~ March IStA ol ~acA y~u, taa nc~ipts ~videec~nq th~ paym~n~ of •11 4wfully ienpos~d t~ses fw tM p~ec~dlnp #
ul~nd~r y~a~. and ro d~liver to s~~d Mwrqs9ee. rec~ipts wid~ncinq tM paym~nl o( ~11 I~~ns !or pvblic improv~m~nn w~~hin ~in~ty i9p) dayi ~ItN tM sam~ sMll 3
b~com~ dw snd parable. and to paY a d~scMry~ withtn ninaty (9p) days atta dw d~t~. any u~d atl povNm~eoUl Iwip rM~ may b~ m+d~ on tM ma~pped ~
aoPah. a+ ?hta mwrqaye w aor~. o. ~n a~y othe~ w~y ~yulu~q hwn tM Moriqaq~ ind~btednes~ secw~d by this mo.~~yr, ~nd if this condtion b~ not compliW ~
wirh and perfwmed, sa~d mortgaqee may pay ~~ch wm w sums which ahall bcom~ pa~t of tM deb~ ucur~d by ?his mw~yag~, ~nd sMll b~x i~rsr~s~ N th~ raq of '
~~a pN cu~?. i6°oI wr annum. paY~bM aemi-uvw~lly vn~il pa~d w said Mortyapee may ~1~et tMt uid ma~gaqe debt ths~~upon b~co.nt dw and paY+bt~ iwthwi~h, ~
9. It is fw~Mr co+~+~n~~d N+.1 ~qre~d by wid wr~ia ~Mf in ~M ~v~nt of •~vit M7ny Ins~tw»d ~o (a~clw~ tAi~ nqrly~p~. tl» 4Awtp~p» dyll b~ Mtifbd to ~
+OOH ~t ~nY fin» p~ndi~q sud? faaloaw~ w~t a 11y cawt h~vi~p Iwi~d'ictan Maeo1 fw fK~ aOpoinu~rnr ol • r~c~iwr of NI ~nd sinpul~r tM na~f9+9~d iK~~ll.
•nd of ~N ~M etnts. ineaw~~, oro/ifs, itwn and ~~vww~~ N»rwl. fraw vrMhowa wwe~ d~riv~ ~wd Mwr~uoon i~ is Iw~br ~:or~aalv ea~r......ad a..d .e...d
mar n~ court ~na~ rormwa~ ppam • ncriw ot Nid mor~w9~d w~fr. NI ~nd sinqu4.. ~nd ol ~ud+ r~n~s. ~ncaen. v~ofiq, iasw~ ~nd nwnu~ N~~o1, fraw
wMMewv w~wp dniv~d. wilh tM wwl Oew~n ~nd du~i~s of nc~ivaf M liti~ uwr, a~d wd~ ~PVO:ntwwnl sMll b~ ~d~ by ~uch cowt a• nytN~ 01 sbict riy1N p
b ~M Mwtyp~~. Ns ~ucc~swn. Np~l ?wns~mativw a~uipro. M+d wiMaA nhra~ ?o M~ ~d~pv~cr a inadpu~cy o1 ~M v~ el tM Mq~b Mr~bY ~9~9~d ~
a to d» aolvMC~r w iruolvN+cy d N» Monp~por. M+d tM~ svcA r~nt. o+ofib. ipco~. iuwa ~nd nv~+uw ~MII b~ appli~d b~r wd~ nc~iwr a N» wvmMt o! Nw `
~~9+9~ ~s~. ewb and dwyM, ~ocadinq w N» ad~r ef ~ueA eourl. • • ~
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10. If all w any put of the propaty w ~n interest thereie i~ sotd a 1r~iqi~rnd by morp~qor without matq~p~e's pr:or wriN~n coni~nf, ~:cludirq I+) 1M 4
creatio~ of s Gen w encumManc~ subo~dina» to ~hi• matqay~, (b) tM «e~tan of a pwcMs~ naney s~cwiry intsrest fo? hovsehotd applianc~s, (d a tr~nsftr by ~~,f
dev~s~ a descenr, a by operanon of law upon tM d~ath of • joint tenant, a(d) eM qr~n~ of any kasehotd inte~est ol M.~? y~ars or less nor con~ain~ay ~n option ~
ro pu~cMse. mortgagee may. sr cta oprion, declu~ all ~h~ s~ms secvred by this mwty~y~ ro b~ ~mmadi~eelY dw ~nd pay~bk. Mortqsgee shall haw w~iwd such j
oprion ro xc~lerau ii, p.iw ro the aale w n~nsfe~, mwtppe~ and tM person ~o whom IM property is ro be sold o~ truui~rred rexh aqrearernt in writinq ~
rhat tM cr~dit of auch pHSOn is satlsfxtwy ro Mwp~qee ae~d thst ~Ik intere~t paysbN on ?he sums s~cwed by Mis monp~ye shall be st aucA r~t~ as Mortpayee s
sMll request. ~
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11. TMf in Nw went ~ pr«ais~s Mreby nartp~pd. a~nY pxt ~hawf, sA~ll E~ conde~d ~nd ~~k~n fa pubfie us~ w+dw Nw pow~e o1 ~w~in~nt dwa~in, ~
MN Mot/y~y~ shall Mv~ tM riqhl ro dwtind tMt ~11 d~nype~ awKd~d fO~ IA~ f~4inp of p daen~q~s !p Nid pMai~N ~hall b~ qid b IM Mwtp~qN up b tM ~nount i
+n.~ aw.~d o~ ww .~o.+q.q. .~a th. owan o~ ~n. Mo.t9w.. n~.r t,. .onu.e ~aon b+. wrm«,a ~au vw.w. a,«.ow.
14. iM inorfp~yor bit~d~ himstN not b wct a pNnwf Io b~ ~rM~d ~r n~w builefi~gs on IM pMrwsp Mr~in nartp~q~d p te add b or pen++if b b~ ~dd~d
!e sny ei ~a e:ts~~n F~are-+~rt *?~san c+r ~4~ ~ ~ t.~ :.:~*c~~3s .~~,c~E~y s.~z.s~ s:.=~ ~ :}z _.t so!. sx:s..~,~~
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th~ wrin~n cons~nt of tM Mortpp~. ~nd in Nr ~wn~ o! aey vio4tion a ~tMmW w violat~ ~hi~ u~pu4~ion t!w na~tp~q~ snd all swns ~acw~d Mnby sMll i~ s
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nwd'NMFy MtpM dW M~d tollKtibM N NN opfion o1 tM Morlp~pM. ` ~
13. lt is w.dt~e.lly ~pre.d Ma~ r~ey is d~A. .ss.nc• of M~is convan and ~M? no wa~v.. o~ a~w ob!iyaian Mr~undu or e( eM obGy.non s.cwed h.r.by ahsll •e .nr ~
tirn~ b~ Mld w M• w~i~rar of tM Nrwq Mrwf w of tM imtrwn~nt f~cvnd h~r~by.
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11. It fa~ctosun pocw~n of ~n s~cond mon . f
ps Y p~p~ a s~cand trust d~~d or sny ivn~or lie~ ot a~y kind shovld ~ irotih~e~d, fM Mw?p~see ns~y. N~ts option.
im~d~aNly a M~rwftN d~c4n tAis wiwtp~p~ ud ths ind~W~dnys ~ecured Mr~bf~ du~ «+d wr~W~ ionMvid~, ~nd arY N in aP?ion poc~ed to fw~clos~ Mis ~
mw~y~p~' - ~
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13. To fM ~a»m of dy ind~b~dnas of tM Morfp~yor b M» Mwty~p~a dnuibed Mr~:n a sec~r~d Mnbp ~M Nlonp~ye~ ~s l~eby auMopn~d a tM tien w 'e
liens ~nd to Nr ri h of th~ own~n and Aoldna thertof of ~xh and ~very morr ~
9A q~qe 6ee a o~bN iercwnh~~ on N» land da~riD~d Mr~in which i~ p~id M+d/w
wt~sfi~d in wAob a in pwt ou~ of tM procead~ 01 tM loan descr~bed her~:n or sen+~ed M.eby. ~.+d tM reip~niv~ liem of s~id nar~q~ges. I+au a orher ~a~.nb.ance~ 3
a1u11 b~ snd tM. wr.~ ~nd wch of tMm hereby ia p~served snd ah~ll paaa to and b~ MW by d+e lYbr~p~qN Mr~in a aetwi~y fp tM iadebudnesa ro th~ Mor~p~q» ~
h~r~in d~xrib~d a hereby secw~d, ro tht s~~ e¦nnt Myt :t warld Mv~ bten pr~serwd u~d wwld havt been pawd ~o ~nd ban hdd by ~he Mwtq~y~e Md it been ?
duly aed ~pulxy ~a~iyn~d, fr~ns(~n~d, s~~ ova and del~vM~d ~,nro tF» Mon9+9K EY s~P+~ate dMd of auiqmnenr notwidurandnp tM fact tMt tM s~m~ may be ~
sar~sfNd ~nd cMnlted of ncord, it be:rq Me intent~on of M» partip hereto th~t M~ same w~ll b~ sattsfi~d ~nd ca~c~lbd of r~cad Ey :M Aotders tFwwf ~t a ~bout
rM limt of tM ncordny of this nwrtq~qe. p
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16. To pay all and siny~far ihe cmts, chages and e~pcnses, inclvdiny I~wyer i fees, reasonsbly incwred « pa~d at any tima by the Mortyayee, becsuu of ~
The failwe of the Mwtgagor to perform, comply w~tA snd abide by esch and every the stipulations, +yretmen?s, co~ditions, and covenants of said promissory ~
nore a~d this deed, or eiMror, and evcry such paymcnt shall bea? interesf from dste at the rate providcd in ssid promiuwy note. ~
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17. Wh~n ~ny ~mt of mqry b b~ p~id by th~ N1wtp~pw M 1M 11Aort~yN ~r th~ tenna Mr~of ~hall b in defauU, or s)wuld tM Mort9pw dt/~vh in ~
:ny of tAt o~Mr tu~nf, provisio+n a ca~dtiaq o( this Mwtya9e, tMo ~nd in th~r us~ tM Ma~ysqe~ ahall Mw IM ripM, withov~ nol;ce ro tM Mortyayw, ro
co!tecf ~nd receiw fran ~ny fen~nt a I~saN o1 s~id mortqp~d pre~nis~s IM ~ent~. iswes a~d p~of~ts of tM rwl esqh hereby mwtqaqed ~nd th~ 'wnprov~menh ~
thercon. and 1o qiv~ aop~r rec~ipb ~nd xQuin~noes therefa, u~d ~(rw pay~rp all com~+ns~ona of ~ny rental pent colkctiny eM um~. and anY re~sonable ~norney i.. ~
fees ~nd oNNr n~cetiuy up~ns~s :ncwred in colhctinp sam~, w applr tM pocceds o( s~cA cotlece~am ~pon any ind~W~dness, obliy~t:on w Iiabil~h, of tM ~
~ Mwrqpa herwnd~r. Th~ riyht q~~nled tM Mortp~ye~ w~de~ Mis parayraph sh~ll b~ :n add;tion ro, snd sMll not limit a reahict, ~nr otMr ri9At a riqhh qr~n~ed
i th~ AAply~pw in this Mortp~p~.
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~ lE. If tM Mortpaya~ tl t!w tirr» of mskirq this 1Nortp~yt a subs~qwnt thaero qb wn li(~ irswurce dniqnNinq tM Mw~qspe~ herein u beneliciary wi~h • :
c«npuiy ~pproved by tM Mwry~yN q 11f~9/y ppliCiq to iM Mw~q~~ fw th~ pwpos~ of sscwinq th~ ~nortp~qe loan hereby secvred. than rM Mortq~p~s sMll
~ I+ave eM riqAt ro paY any qemiwn accru;ny „ndr said poiicia. ~nd att svms so eap~nded sMll be added a and becan~ a put of tM principal indeMedmts s~cur~d
~ by this Mortyp~ u~d ahatl b~ p~id by th~ Mortq~yw to tM Mortp~qea in tw~lv~ eQwl consec~tive monMly insbllenentf. ~M finl monMly insNl4nent to b~ paid ~s ~ ,
part of end in sdd~tion ro t!~ ~onNdy p~y~ne du~ iind~r thia Maty~q~ i~ tM f:nt ulendar month foltowinp tM •ipendiny of uid awn. Suth su~m so •apend~d
r eo besr ~nt~rest at ~ht rat~ at which interest is wY+~ ~+D~ s+id Wincipil indebtedneas and rM I:tn of tAia Mortqa~ ~hall e:tend w and s~cur~ tM sums w eapemled
~ toq~eMr wi~h mterat ~hueon ~s Aeranbeia~ povid~d.
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~ 19. At mortp~gee i option, ~oqether with snd in sddirion to the mw+thty payment of principal and interest payabte ~nder the terms of the note secwed
~ hereby, Mwt~apor ahall pay to Mor~yagee exh month umif said note is fully paid, onrrwelhh (1!12) of a s~m -
eq~al to N+e snnwl premiwn due for fire, e~tended
~ coversge. snd other hau~d iru~nnce covering rhe mo.tgsyed poperty. PI~s Uaes and assessments ne¦t due on the mortqaged orope~ry (rll ss es~~r.+aied by Mort• -
gaqee) kss all swns already w~d ~herefa., ~ ro be divided by the ~wnber of months fo elapu prar to t!ro date when such Nxes and ~sussmcnts s?NII become
delin~ent. Said sums shalt be held by N4ortqsgee in trvst w creditcd ~o tl~e principal of the loan, to pay said inaurance, taaes, and ssxumems and shalt be
~ apD~~ld on the psyment tMreof when dve. My e~cess held in trust by Mwtqaqee when said loa~ is paid in f~lf shalf be paid to AAortgsgor, or his assiqns, a '
Z personsl representatives. In the event of a defsult u forecbsure, said swns hetd in ~rvat may be applied on any costs of damaqes s~sNincd in connect~on with ~
rhe collection of the rwte secured haeby wAethe~ by s~it, foreclosure, w otherwix. Mortgaqee msy from time to rime at ih option waive, snd after any such
~ ~«aivcr, reinstste a~y a all proviirorts hereof .eq~iring s~ch deposits, by nofice to ARorigsyor in wriring. 1Nh~le any suth waiver is in effecr, Monqagor shall pay
t ri¦es, assessmenrs and insurance premi~ms as herein Nstwixre provided. 3
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M 20. Mortya~or shall comply with the provis~w+s of any leaie, if Mis mu?gage is on a Ieauhold. If ~h~s mwtgage is on a condomini~m ~n~r, mortgayor shall
~ oerfum alt of mortgagor i obligations ~nder M~e declaration of condomin;um w maate~ deed, tiu by-laws and requlations of the coe+dominium projed a~d con- ~
i :rit~ent dot~ments. Mo~t '
~ gayw further cove~anh that he and the associs~ion responsibte for the operat~on of tAe condom~n~vm w~ll observe ~II of the prwisions ~
of the said declaratio~, snd any ~mendments thereto, and of tF~e Condominium law of the atate, and will pe~fwm all obl:qat~ons the~cunder; and a failure to do
so wh~th is not c~red with~n 30 dsys aiter not~ce 9+ven by the mutyayee ro the mortgagor and the said assoc~atio~ shall constiwre a defsvlt ~nder tAis mwtgiqe. ~
_ Mortyaqw funher apecificaily covenants, b~t not by wey of timftauon, that he and the sssociation will obse.ve alE ot the provisions of said declaration of condo- ~
miniun rel~tiny to ins~r~nce coversqe. ~
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' 21. Mwrqsgoi f~.rher covensnh ar~d aprees that ae the req~est of Mwtgsqee to fwnish a sqndsrd rermite bond inswirg sga~nst damaqe by iniestation on
rhe b~ildings now Of IflfNifN located on the morrgaged w~~hr, in such amounts snd terms, snd with such company ss apprwed and re~ired by Morrq~yee; ±
- and in the evenf Mwt a does nM comply wi~h thii cwenant Mwt 9h ' ge q
g 9w yagee shall have the same ri ts to obtsin ssme ~s msurance covera under covenant i
;3 hereof. ?
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(Signatures on Reverse Side) _
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