HomeMy WebLinkAbout1798 _ . .
' , Tp I INVE A1~0 T~ 110L0 ~I~s pemises ~~o~o ss+e. WILLIAM W. CESA
ii+ s~~ccc.:ors a~Nl ass~~ns, lurcvc~, (a 1he p~u~nc~„ ~~d upon tFN uses and trusb henln ~et fa~h.
1 t IS FURTI IER UNUERSTO00 /~ND /1GREE~ THAT:
I. Until ~t,e i.xicbtcJness aloresaiJ shall be tully pald. snd M t~s~ of fFN (allun of th~ Mwlppor. IN ~utt~sson a a~sipns ~o nnak~ .
any oaY~~ent a pc~lorm sny o~ ~I~e acls ~s lolbws:
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Icl eay when clue any i~+debtedness which may be secured by a Iien Or thd?ge On fhe premises superior ro ~he Ikn he~eof. ~nd upo~ ;
reyuest ex~~ibit satistaclory evic)e~ce of the discha~c~o o! stKh p~io~ lien to Trustee w ~o holders of ~he note; ;
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(e) conyly w~~h all ?e~uireme~~~s of law w murdcipal ordi,wnces wi~h respect to Ihe premises and ths use thereo~; ~
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Ipl pay YKQLiYC{s~xX~i'LH~1X]d3yYBa(~7FaC~ilfi:~li?riK~1LliE3tt~SXall general taxcs, special taacs, spcual assessments, water charges, sewe~ ~
se~vice charg~s, and olhe~ chargcs against Nie pemises wlxn duc, and upon writecn rern~est, to ~urnish ro Truslce or fo holders ~
of Ihe no~e duplicale receipts fheretw;
ihl pay i~ Iull ~nde~ protest in the man~er provlded by sratu~e. a~y tax or asaessmen~s ~d~ich Mortgago~ may desire ~o con~esl; .
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t~) 71~e holdcrs oF ~he note may, but ~uued not, make Such (~.tyment or per(orm suth atf as set lo~lh herein in a~y iwm and minner ~
deerncd c~pcdicnt, a~xl may ckclare 11?e said ne~e and matgacie In default and rw,wcr~helcss may, but need not, make ~ull o~ Di~t~al
psyn~rnts of principal or inlc~est on Mior cncumlua~cct, it any, and purclwse, dixharge, compromiK o~ sct~le any fax licn or ~
o~1~C~ p~i~r licn or title or claim tt?c~cof, a rc.kcm irom any tax salc or (or(cituro ~tfeclinq said premiscs w comest anr tax or
asscss~rn•n~. All monies paid lor any of IFw purposes hcrein aullwrizccl arxl all exprnses p.~ld w t.~cu~red 1n earn.cu~un the.ew~~h,
intluJux~ allancys' (ces, snJ any oll~er o~onies aJvanced by Tnntces or tl~c iwlJcrs of tlx rwtc fo proletf the ~wrlp~d ~cmiscs _
an~t the ~ien I~ereof, ptus rcaso~~.ible compens~tion lo Ihe Trustee (or each nwtter concer~ing wf~ich action herein autlwrized may I,o
taken, sha11 be w much acldilio~wl indebtedr~ess secured thereby a~d s1ia11 t,ecome Imrticdiately due snd payal~~e wNhout ~wtice
anJ wi~h intcrest lhercon at Ihe ~a~c of elght pcr cent per annum. Inx~ion oi holdcrs of tho note shall never be cw+sidcred as
a waiver ol any righl xtruirg to Ihcm on aCCOUnI of sny o( ff~e D~ovisiorts of IF.is pa?aar~ph,
2. The holdcrs of fhe note hareby sctwed making any pay~nent hereby aulhwized re~atiny to taxes or sssessments, may do w~tcord•
~n9 to any b~ll, sta~eme~~ w es~imale procured from the approWiate publie oltice wilhout inquiry into Iho accurscy of such b~ii, ststement ~
or es:imale or into the valldity of sny fax, assessment, sale, }or(eifurc, fax lien o? tltle a claim fhe?eof, i
3. /1t the cq:l~on of 1he holders of the note and wilhouf nolic~ to mortpagor, its successors a assiyns, sll unpstd lodebred~+ess seCured
by this morl~ags shall, notwilhsla~din~ anythinp in the note or k~ this morty~e to the tontrary, betorne due and payable:
la) ~BJi~Ni7:~~rX~707~?ic)isll7bf defsulf maki.,9 wy~,r~e~~ of a~y Insfallment of pri~tipal a Interest on fhe not~, or
4 lbl in the event of the (ailure oi mat9ago?, or ifs successors or asstgns to do any of Ihs fhi~gs speci/ically sef (a1h i~ para9raph one
~ I~ercof anc) such de(aulf shall continue Iot7630 days, sald optton to be exercised at sny time after the exp~ration o( said H~7+c8 3~
j day pcriod, q
€ (c1 in ~he event of the (ailure of Ihe morlgago., o. its successors or assigns, to do things speci(~tally xt (orfh in Wragrsph orte he~eoi :
~ and any such deiaulr s?,all conti~,e (or TA~ days, sald option may bo exercised at any time a(ter expiration of the sald X
3.O~d' ay6
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4. When the indebted~ess lu.eby secured shall become d~~e. whether by acceferation or otherwise, the holdas of the note shall have
~~e ri~ht to ~oretlose Ihe lien liereof. In any ~uit to tflrccbse the licn licrcof, there shall be allowed and incluJed as additional indebteJness in
t!+e decrce (w aale atl expe~l~tures and'tapenses which may be paid or incurred by or on behalF of the mortgagee or the ho~de~s of ti+e ~ote
~ lo. a~rwneys' (ees, n~or~gagee s 1ees, atx~aisei s(ees, oullays (or docume~tary and expert ev~derxe, stenographea' cF?are~es, publication cosis
z~~d cus~s Iwhicl~ may be est~ma~ed as to ilems to be expen~feJ a(ter entry of the decreel of procurin9 aD such atntrac~s of tiNe, title
~ sc.i~d~es anel exa~n~na~~ons, w~Ih respett lo tille as 11~e mur~n~gee o? the holders vf Ihe r?ote may cleem b be reasawbly necessary t~ther
ro prosecu~e s~xh suit or to eviJence to biJJers at any sale whi~ may be had pwsumt b such tkt~ee the Irue tonditia~ of the title ro w
~ ihe value ol the ~rcmises. /111 experxlitures and expenses of tl~e rwture ~n this paragr~ph menlio~ed shsll becorne so much aJditiona{ indebted-
nc;s scuucJ hcrcby and immedia~ely d~,e a,~d payable with interesf Ihereon at the rate oi eight per tent pet ~nnum, rrhen paid or incurred ;
F
by N~e rtw~tp,c~ze or Ihe holclers of Ihe ~ote in corxxdion with ~
(al any proceedirx~, i~clucling probats and bankruplcy proceedirx~s, to vrhlch either of them shall be . w~~y, either ss plaintllf, t~stmaot
or dc(enJant~ by reason ol thls mwfgage or any Irxlebledness hereby secured; or .
ib) prepa?a~ions (or the commencement of any suit fo~ the loreclosurs hereof slter ~ccrwf of wch rlpht to foretlosure whether or ~ot
xfually cw»menced; or
~ Ic1 preparat~rns (or Ihe defenso of ~ny threatened wit or proteeding which mlght al(et~ fhe premises or fhe seturity thereol, wl~elher
~ or no1 actually commcrxecl. '
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S. lhc procceds of any loreclosure sale of tl~e premises c1~a11 be dislri'~uted and T~~licd In the following ader of priorily: FIrs1, on
~ acc~uM of all ro~~s and e¦penzes inciJent to ~ho torecbsure proceedings, I~xlucii~x~ all s~Kh items as a~e mentioned In ~ho p?ece•f~?x~ r~~a-
~ c~.~, hercof; sCCOnc1, all o~her items which ~ncler the terms hereof to~~stiluto setured I~debleJness Mldilion~~ to Ih.it evidcnccd !~y Ihe
~ w~~ii iMrtc;t thc~ton as hcrcm
proviJeJ; lhird, al~ ~.~~xm,1 a~xl inlctcsf rcma~ning unpa~d on Ihc note; fourlh, any ovcrplus to mer~q.?qor,
~~s Ir~~l represenlalivcs or assigns, as Ihcir riyMs rtwy at?pcar.
~ 6. Upo~, o~ at arry time aiter the fili~g of a bill to toreclose this rtartgage, the cowt in which wch bill is filed may appoint a re. ~
=c~~er o( sard prem~ses. Such ap,~ointment may be made either be(ore or dter salo, without notice, without ~epsrd to the solvency w insol- ~
~ ve~cy af the time of sppliution for such reteiver, of tM person or ptrsons, if nry, liabte fa th~ parment o( the Indebted~ess sewred herebr.
~ a~+d without repard to th~ lhen value of ths premises or whether tFw sarrw sh~ll b~ then octupied as a Fwmestead or not ~nd th~ Tn,ste~ here-
u~+dcr mar b~ wvo+~~~d .s wch .~u~v... S~+ch nc~hrer shall F~sw t!w po~N to co~l~u ~FN ~ents, Issues anA proflts of said p.emisn dur?rq
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~ ~ ~ ~ ~oQK23d PA~E~79~'
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