HomeMy WebLinkAbout0289 „ ~ , .
a. u.~...r,.a. .~••w e. .,a.~r u. ~.so• ~t wps~ s..~i. a«p~e.a. «.sr v~ u...ar. .~~e«~e w..;n.. d m. ?~+a
.na ~rltAout .au.pan. i~.n~ul~. run. o( L. er w~..b. d eM °~.ws•Uo. :o ee. 1f«u•ae. e..N.a aY ..~a vro..way .ol...a eeM No!t~e We.. .~fo
tAat wea4 ud ~t tM optw~ d 16~ MoAS~. rd ~ntloW iwtin. dl nW oI ~oeri wcw~d Meelf~ sWl ~wdhnb ~ oo~c~r~th ~yd oonwY+~ ~
~ecoa» dw ~ed V~1~~M ~d i~ ddwN,
7. It i turtMt ao+rew~qd ~wd bp wld WrtiN t?~t i~ tlr rwat ot •~uit l~if ie~tituted to f~nebw uM 1latNp. or e~fora ~rr !Wt 6e~wod~r
tir ape ~6a1! ~otiti~d 1o r~t ~ tle~. W~d~y we? pdt lo t!~ CouA ?aviss Nuirdittio~ t4nof tm tl» ~p~w~wlmeet d• reeeiru a1 dt ud
uo=ulu t~ ewrt~ ~r. d dl dw rub. Woib. i~tws awd nwaw~ eDes~o(. E~ ~,y,~~ wurw dtdwd• ~od tbawpo~ k it atreb7~
eaqressb coveaaw ~wd~~i~nsd tlw dr Court s?aY toM~rit~ ~y~ya~t a ncsiv~r d ssid ~a~sd p~op~ab• dl ud ~atulu er suci rewb. ieoo~a. P~ofu.
isiues wd rsveaw tbeMOf. (ra~ ~w~ ~a~ut~ dKired. witi Nr Ysual po.ren ard dutiM d hee?wn ~s wa: aa~ ~~ypoise~eat ~ball b a~ M
.oce coun o a.~u~e. d urict ri~?t a ur u~ 1.p1 rswsutiw or ~ad ~t nde.eeo~ ~o ~s. ~dp~acy or io.dw d
~wlw~d bf~ tu
# r~v~ b~tA~i D~~ tM aoet~M~«~
o~ow rd e4ci~~~icowdiy 1s~W
~
oI ~
Coulsao~a~ i~w' asd e~sw ~ b~
a. It fonciwu» o~p ~Sould b irtltn4d ~i~ ~ W~V~Y ~[~p +Va ~r aeLer Uu or eLls. wMt~n +Ile~ed to b~
supsnoe or luoior !o tlr liew d t64 llort~~. liortsye~ sar a! ib oplfaa i upos wtNutio~ d weA wk. o~ ~tM P~~~Y tbetsaf declu~
thn D1or1~~ aed t!~ qtiw i~Et~d~ ~ baee7 WYaDM (wtL~NA ~od ssy ~t ib optia~ potMd to fond~o» 1loAS~p.
Y. To a dl aad slasuLr IM oosb, • ~ttoeaqti teer. aMOwby isavrnd or p~id ~t u~ tine Esr Nr Morti Decaw
~ ~ r.;n~. ~r w. u«e«~.s's.°". a .~s~~~.a~~
~e~d.~.o:
a."a e~e. ."~°"w v'°~a"e~°d
~oa°°°a~`.~
~.u'~ e.
.`~°`~°~~a ~ ~i,'~`°~~r
w
~~~.w' a..a.
10. Te p~y w"We cA~qOe" not b fICYlA S~ ~ r~ WYMf01 mOR ~IUli R(Mrn I IS) d~y~ m utr~e~ tn au~~~ the ratn ~?prn.r m~d•rrl ~o.Aand4~R dtlu~-
~~usat pava~enb.
I I. To pbw aod, ooatisuo~ul~ t ~ed eurr upaa tl~t buildfa=, ~sd ioecovemenn oow or hemfte~ sitwa upoa wid land. asd aU eq ivment ~sd yersosal
a
vropenr ~•~a nr 1~•*s•~. ~•?~u.a tbe.sou vja m r~n. in i~~r.a~. ia ~s. ui,,.~ u.va..a oa rora. .naa .uer additiwu! Po? at
wurance coverin= ~uch o1lrr hasudf. c~wdtia aod eoat~s~eucies. iadudiai. but oot limited to. ~riod~twm. w~~ter. ton or eydoM asd rar damass imut~nce.
in tuc~ ~a?ounq aod tae tueA P~riods d tiww. ~ad ~ fuci iasuranet oomlanr or eoaP~oies. ~s ebe !~Ic~
qe~e mar require diroct. or ~pprove~• wd dl wcb
~nsurance y~(~~ upoe aor d~aid b~ild~ ~sproremeoq. e9uipme~b ud D~weal p~opert~r~ wAelAer irt Ur uaouat uqui+ed or ia ~:osa therea( ~6ali contua
• uaadud Kew York Mwtsa~ee p~u+~. witbaK cmtnbutiow. or wch other elaus~ • stre Alort=a~ce maY requin, malu~ We lop uader uid pduia each md
every. wyslk to said Yat~~ a w ieterat mar ~ppeu. aad eacA and everY sncA policy shaU b~ pthr auitned ud ddivered to ~od Ae~d br uid
AlorUt+see as further securitr (oc taid awrt~
e de~. sad. sot less thaa tbirtf~ (SO) days ia odvano~ ot 1 e~e~piwti~on d each pol~~ay to delirer to ud M«t~~te+
a renewal tl~exeaf w~et6e~ ~it6 • seceipt for tl+e P~eaiuw d such reeewd. ~od t6ero ahdl Ae w msur~sce P~'~ oa ~nr~af said property. ~nr inttmt thereia
or p:~t tAereai untiess w tAe fare aod ~ruA ~e lossQ~ Ya61e u~foecsaid: and is lhe eveat my sue~ o( mooer becoaw V~yable under sueA pol~ey or policrs tafd
Mortsa=ee aAall Aave tAe optwa ~s reonw ud app1r tL~ saa~e m~ceount d the iadeWedness secv~ed Aerebr or tb permN s~fd Mort~or tn rrce~w aad us~
u w ar~Y Part Ueereaf for Mherpu rpose~ wiU~aut thereb7? rv~ivio~ or Lop~r ~os wr MuitY. tiea or ris61 under or ey virtue ot p~is afortpte: and w the eveot ~sid
Mort~a shall !or anr aason (id to k t6e sud p~eaixs w~nsured w(iil to ds4rer PromPelr anr o( uid Pdicies d insur~ncs to said ~lortp~ee. ar Iail
proeoyl Y to paY fu11y my p~ o~. or ia ~nY respect t~i! to perform. disch~r=e. e:ecute. e/eet. eompkte. oanplr wit6 ud ~bide by thi+,rnveaant, or
any part tb~rto(, said ~lorts~ie ~ar pt.ce and pa7 fo~ suc6 ~wurance or u~y part theteof ritbout wdvin~ o~ afettios anropt we. liea. Muib. or ~=ht uader o~
ey vutue o( tl~is Mat`ap. aad tAe full amoust d each aod erery sucA paymeet snall be im~wedutely due uwt parabk and sball beu mteresl irwn Uie date
tAerenf unt~l pad at !l~ rNe provided ia said promitsotY note. aad 1o~NMr with such interest ahaU 6e iecvred bp the liea of this Ulonsa~e. No lien upoo ~nY
ot sa~d pol' ' of in:urasce or upon aar ?efuad ae reture p~ewium vrhicb may be yable on tbe caaccllatioa or te~niaation .thereo(, shall be ~iven to dher tAan
ew
the ~lorep~e:cept by proper epdorsemeal ~aed W sueA pol aed apptov by Mortsa~te. ln event d loss or pAyaica) dama=e to lhe mwtt~i~ W~~Y.
~he Mwt~ajor s6s11 siw immediate notice thereoi ~y maA to tMe~orts~see ~nd the Mortta~ee m~y make proaf d bss if t6e aaa~e n aot made pcomptly bY tAe
~foKjaRor. Js event of foreclosure of thn M~rtsste or otAer tr~ndn d title to tlx mo~ttatM ~aope~ !n eztin~uisAment d t6e indebtedr~ess secu+cd he~eEy. dl
riAht. titk aod ioterat o~ lAe Morlss~or m aud to ~er iasurance policies tl~eu ia lorce ssall pau to t~e pureAa~ea or srao.ee.
I4. 71~at tDe ~Sstrsct a tEst~~cH a( tilM eorerie= t6e mort[a=ed P r shaU ~t ~0 tia~es. duria= tbe lit~ a[ tl+is INort=ase, rcmain ie the wa d
strsct ro~e
the Mort asee and in e~eot d tbe (oreclosure o( t6is Mortsase or w}~er tnm[er~d titk.to tl~e nwres+~~ P+~Y io eatin~uia6ment d the iodr ueu secured
hexAy. ~1 ri=At, title and ioterest a[ t6e Afortp~ iu aod w aor sucA ~bstrxts d tuk ihall pau w lAe purchaser or =r~nue.
1S. It is speci6e+Ar asrnd tAat time ts d tbe eueuae aI tAis U/o+t=~e aod thst ao ~raiver of raY oWitation 6ereuoder or of tAe obli~atian fetvred LercDY
shall at ~ny time thenafter be luld to be a waivcr d ths te~s bereo(. or af the imcrumen~ secvred herebr.
14. To tAe eitent ot the indeMedneu of tbe Mat~ator to ~Ae Mortsa~ee desrn'bed herem a aeNnd herebf. tAe Nortp~ee is 6ereby snAropted to ths
I'rn o~ liens and m t6t riRhts d tAe or-nen ud holders t6e+eoE o( ~ac6 and every mortja~e, lira or dher eoavmbraace on tbe pm~crty descnl~ed here's+ whie6
i; paiJ aod/or satisGed. ia vrhole or ia part. out o( the proceeda ot tAe loan deseribed hema or secured Aerebr. and the respective 1'rcas of said mort~es. liew
or dher encum~ancea, shaU be ~nd tAe same ud eac~t o( them herebr is preserved and shall paas to and De Aeld bY tAe Masip~ee Arrein aa ucvrety for the
indebtedaess W the MortRa~ee hereia dexri~ed or be+eby ~ecured, m the same eitrnt thst it w~ould have beea presrnrd ~tid would have heen paased to ?nd
been he1J b7r the ~tnrt~~
ee hsd it been dulr md ary aw~ned, traas(erred, ut over, ~nd delivered uato the Mon`a=ee by sepante dred af usi ment
notw~ths~andint the fsct. that ti~e sa+ne may be sat~and cancellyd d record. it 6einR 1he iatcotwe o[ the parties Ye~eto that tAe ss~e wJl De ut~ and
cancelkd of ~ecord !+y ths !wldea thereof at or about tbe time ol the recordu~ oi this vartaa~c.
13_ In the event tAat any deiaaftzAall be made br tbe 1Sort=a~or ia tl~e payment of anY sa~d :ums d monrr herein referred to. or anr pa+t thenot, d
the time wrdeu the _same u~~enly Ercomt due aod p~yabk, or in the event that •ar detault be o~ade ~y the Mort~a~or in ti~e per(ormance e~ch every !he
stipulatro~u. a=mements. ~nd covroaMS o( uid promiswry, note ~nd this Mortsa~e. aw1 such de(ault s6a11 cootinue For a period of 6Ftern (15) days. then and
in e~ther or anY such eveat tbe aaid st re~ate sum. pnoc~a~l and ~aterest. mentwned in said prom~: nde and aU ~rwn~es secured 6rrcbY. :6a1( become due
aa~ payable forth~ith. ot t~erea(t~r. at ~ c~pt~aa oE said Afort~asee. `r~thout demand or ~dice. u(~r aed coa~pkietY as ii all d the said sums o( moner
.verc onsmally stipulated to be paid oa sut6 dar, anrthins, in said pruaniuorr nofe or ia this b~wt~aRe to the contrar~ nol~rilhs/and~ns; u~d llKrcupon, or
t~erea(ter. :t t6e optioa d said A1ort~a~ee. wits out aot~ce or demand," scrt at law ot iu eqwtr t6eretafore or therca(tu bt~uo. may Ee ptosetvted ss $ aD
monrs secvrcd l~ereby bad eutueed pnor to ih iustitution.
IA. If the Mort=qor abap luve mK~ed or cause w be wisoed to the Morss~e. now w heredter, m7 Pd~ or polides ot li[e insaraece u additioaal
collateral (or or in conoect~on ~rit6. l6e iodebtedoeu hcrebr secvred and Wis Mort ase. ehe ?lori a w a~~ees. w lon~ u anr o( wid 'a~deluedness shall remain
0
unpaid. that ~e rviU from time to lime. as and r6ea the s~me shall 6ecorae due a payable and orc any irace penod pro~id~d in uid pol~cy or polieies ~hall
h~~r eipireJ. par t~e premium uid ~icq or ~y d We i~nurante. •nd dAenv~se k~ep said policies in [ull (orce ard e6M. And it is and a
conditwn hereof that sLouW tbe ~aso~ fal m oeskct w to do such de(~ult and oettkct shall be a breac~+ d a coedition o( tl~is Mort=a~e. and s ! accelmte
thu Mort[sst and cause tht whole o( the iadebtedness stc~+rcd ~erc6y to forth~ith immedutelr become dur and psYabk. toRelher ~r~th interest thereon, a
thouab tbe ~r6ole lerm thereof had run, ~nd Uus l~Iortp~e s6a11 tl~ereupoo be mb~' ct to immediate fwecbsurc at the optio~ of We ~Iort~aiee. 77+e A1ort=a[ee .
shall have the ri~ht. at its optioe._ to par anr euch prem~u~n or premiums. buf :uch pa yment, if made. shdl nat constitwe a raiver of aar conditioa in ~his
mort¢a`e a an7 optioa. t~'o, eqmt~. or risht wAich Ihe Mo~t=asee m~r have under tAe terms and cau:itio~s hereof. ~od the amoust w paid ehall be added to
the principal deM aod shaU draw mtaest at t6e rate prorided 'm said note aad sAdl be secured by thn Alort=a~e.
17. Whea an~ momt d maoey tu be paid bp tLe ltoresasor to the INoASa~te under the temns hereo[ s6aU be ~ defsuh. or sbwW the ~fort~s~to~r de(auR
in acr o[ tAe other teno~, prwro~ans or ca~dKioas of tLis 1Nwt~ate. then and io that case the MoreRa~ee ~Aall bave tF~e risfi4 withoat notice to the Mort[it~,
to cdfect and reeeive frwn any tenant or lessee of said ~eoresa`ed premi~es the reats, issves and proib d the rcal esqte hea~y mort[astd aod the improve~nenb
tAereos. ~od to [ive pwper reonpts and acqwtt~nces therefor. and a(tn Paym= aIl commissiom oF sny reohl ~~eot colleetin~ tl~e same to ap-vly the pneeedf oE
such ealkctioo upoo aery~ indebtednets. oWi~uioa or liabilih. d the Mortsa~or hereunder. The rild~t ~tranted the ~twtsatee under Ibis parajnp6 ~6all be io
:dduion w. aod sAau noe I~mit or cestrict, aar otAer ri=be or ri~bes ~rant~d the Mortntee in this btart=ase.
lE. '1be ltort~a=ar sAall not erect or peroit to be etected snr new buildinR or buiMinp on lbe P~r+uisef hcrcia mortsased. or to ~dd to or permit to be added
m aoy of the e:istm mprovee~enb ttiercoo, ~:thoat the w~ritcea canseat of tbe M~xtlta~ee, ~nd in tAe c~rmt d mr viola~wn or attempt to violate U+is stipulatioo,
thu Mort~a~e ud ~ s~m sK,.~ed ee.ebr shan imo+eduiey eecome a„e aud parabiq and this lfortta~e subiect to forccloaure at the optioo af tbe Alo~asee.
19. lE at an> tuse all o~ ~nr portioa of We above described P*~m' s1+aU be taken or dama~Ced b~ condemna~~i~on proceed'mfa under tbe pow~er a( emieent
domain. al! oompeasation awuded or othecw~ise paid sball be P~id duectly to the UfortsaRee wd aPPlied on the iadeWedne~a berebr sccv+ed.
~ 30. in IAt e~'rnt tha2 the kun whxfi Ihn ~IortRaRr n C~~~rn tn x•a~~rr nrxlr GN tlr• puqr~• ~d ho.u~amp r~Nr r 1L.• i+m.1n~~ tw~~ ~~f t~ew IwuldmR• .~+r f1x
~ <vx1Sf~UClinn n~ impnwemet~b 7(M~~'M MId1IMM~~ ~n a~tuUUR Inu1JmR~, Ihr \{~~ACaCtK rtpn-..{c rYrn~. fu ~4yi.n~f a~ilh llw~ \{orll•aYra' .u~ a~n~w~M ~d ~nunr~ r~ual tn
I thr d~eereM! Itillween the nrf pmteecls .~f thr 4aan +~nd t11r UNaI ~rtKwuN. u tlrtennux~tl 1„~ dw• \I~.rlpaKr'. ?ripunll tu lully inmplrfe .aid ~.N~~In~ilwh~ m ettordmar
~ ~rth the plans and +pec~ficatKwn hrrrtufur~ ~~daniltnl by tlw \1ot1t.+R~•r and w~rptovwl ba~ tlw \IortCaYrr. Sawl JIIMM~O( d ONNW\' II~PIIM~I v~ith thr nrt pmerrd.
ed tht loan shall be plxed I~y the Mort ~%er m i~~GlONt1NMU1 :.onn Att~wu~t' m IAr n.unr ~4 tlr \lnrt¢aKur. antl Itw• ..amr +hall Iti~ ~iw-d f~~ tFr \1urtQa[et to pa~~
i ~he ca~b. cha~es and e:prnses incw~ ~n a~mnrati~n ~~~th ..~wl a.~dn.elr~.. It n f~vthrr a~trrrvl that ~n thr rrrnt .awl e•n~.ln~clrH~ nM I..IIr c+anpMte+l ~.n tw
txfoer five (S) mooths dter the datt herwd in xcmd+ntr vnth .a~J ~~la~~c a~wl ~prr~6aalKw~s. ~x m tht ~vrt~t th~l wurk .w~ unl t~M~~~nIf~NM1 ahall tr~ae !~e(orc (ull
cMnpktion ~nd sueh ensatinn sAall mnhnut fnr ~ perw~d nF 611een 1 IS 1 d_ ..r d suhstanWl ~+xil~nu~r~. ~~r~rr.. .h+ll ~wN !r maJ.• ~nA a.~n.tnutw~. lhrn ~rxl
in anY such. event. 1he a~d a~{reRatr aum. Pnnciyal ~~HJ ~M~•n+t. ritnt~rnrn~rt~ iN .akl pmm~wm• m~tr. xud all ~IN,I~II'~ w~~retil hr~cl.~. .hall Mi.w~.r ~I~H• arwt pa)d.lr
f~rtA~rith. w thrrea(t~r. at tht oQfw~n u( sad \1~rrtKa1C'+': ~~t1 m the ~rrnt r~l .ual~ K«.IIYN~ ~.1 +~~rlc ~~p~n aaKl lM~~f~H~MM~ (~r a ~~•t~nc) 61t~i•n ( IS) da». or ~f
~ub~t~nti~) Cqdinuqts ptosress shtll naf 6e madt in suifi (~RI~~R~NNM~~ aa aJurrsattl. t1r ~1~rt[.yCrt m~v, at ~t. ~(N~nn. rntr~ mt~~ atwl upin t1+~ mnrlRwRed prcm~ce~s
and ernnplete sad eonslructinp in sueh mannrr as it dnms xl~i>ahlr ~?ttMw~1 anv mt~rirrrnir (rnm the \I~rtX~e.~r. thr .aW ~1..rtR~t~.r hrrcln ~n~~~ and Rranteryt
lo tAe Mortpsee (ull pow~er and wtirttil7r tn make wch eptp' ~nto and u{wwi .aw{ mort~aRrd prrmnes. to rnter ~ntu cuch a.wHr~af? .x a?ranKrnKOt. a< may hr nccei- .
sary to eamplele qd crosWet~on, ~nd to eipe+d ~ui> m.n~es mna~n~nR m~ta hand~ in sad "Gw~~tnxtrw~ I.twn An~wnY' a~wl ~n utdilN~n anY ~~•ms ~f rn~mey iwcr+-
sary W eos~plele said eonstraetioa io esceas d Ihe man~es m sad "C.matn~atM~n L.~an Ac~~M~nt" ahalt he added u. 11r sa~d Pnnc~pal de~t and aha~t dra~r mMrrst a1
~ the n4 prorided iq said piomwo~y nde. and shall be secvrcd by this ~S.HtRaKr. ancS chall Le payaWe by the MnrtR~R~? on Jemand_
41. 'IAat in uae aE fu1are to perform ~ar of the oovenanb herein Slortp~ee maY ~ ou HortLa~or
s bcAaU everythin~ zo eove~ieted: that said MortpRee
mar dso do an~ act k ms~ deem neeessarf~ to P~~ the liea hereof• t}~at )Ytortp~tor will r.~.ay upoo demand aa7 moaies paid or dislwrsed by MortRaAee for
any of the above putpwe~ aad sueA mooies. to~e~her wit6 intetest 1heTeae ~t Ihe hiehnt r~ce (or whieh it is then I:vful W eontraet shall become so much addi-
tional iadebtedness secvred b~ tLis Mort`~se ~ith t6t sune priority u tbe ori~in~l indebte3r~ess and ma~ he included in anr decree (weelosin` tbis Mort~aRe and
be p~id oot d tbe reob or proceeds of sak of said pdrmises if not wherw-ise paid: that it shall aot be obli atnry upon the Mortpxte to inquire mto the ralidity af
a~y Irn. enc~imbranee w Nann ip advancai~ marri as above authnnud. !wt nothin~ Aere~n co~taiKd ~all be canstrutd as rpuirin~ the Mo~tp~ee lo advance
any moaies Eor anr parpae oor Eo do an7r act hereuoder: ~nd tbe Monsa~ee shall not mcur any penood liability bec~use d myt6io~ it mar do or oait to do Eere-
ur~t?.
~ IN WI7NES5 WHEREOF. eLe raid M«t~~or berc+mto sets their hand aod snl this tl~e dar aod year 6st ~bove writtea.
~
r s,~a, s~,ka. .oa a~u.~..a . EGAN, FICKETT & COMPANY
< ~ ~ ~r:
~
~ 7 ~ '~j^ i, -
3 Co 1 / / • $
~ ` ~ ' ~ ~ (SEAL)
~ , ~ ~ • ernar gan, a res
. . r
~ + ~ r " t • L1
~ ~ ~ , , e ~ . g s ecr ry
~ ~ ~ •
~ ~ r. ~O~ (SEAL)
i
. I " ~ r ? '
. i . 'r
~ L ~ L - ~
t T ~ ' •.r`. ~ : (SEAL)
80(3[2'~~ PAGE 2R~ _ Y- t~.
~ - . -
~ , - _
~ ~ '
~ . -
c~?~~^~-`"a~-~~~~.~:: _ _