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Home My WebLink About0409 ~ . Nw. lMhl~. ~M e~NIM ~1 Mb NMr~~ M wd M~M N MN M«1~~~s fA~M w~N M?/ 1n1~r M1r rwh M» A~wdMbw Mw Mi~N~- iww wN~wt~ 1r fAd aMM ~nwl~r ~h ~1 ~ww ~N. II~M ~w Mh - . b ~ ~~NNry ~ ~.n•~l. b M. Aa«INMw. 1~ Nn ~1~1 .w: ~1 S34,400.00 a11~,., q~.M.. Mrw w~..a N~M a~. .d ~Mii M~~. ~MI ~4 ii~ b~A ~~wry 11» MI~WMi~ws. M~wwb. ~ni awNM«a s~wNlw~/ ~ ~N h~M M IAis ~nNN ~ 1~ 11» M~wlsMry MN Marw~ Me~y. ~ Md~lw~ ~ hhrw ~v~sN. wM~c~ N WNn M~I~wry wN~s, wd~ M tb A~MCMili~w h Mw M~s. M N M~k wsaaM 1~ M~M. he Mry d~ M~ Mhn IM wM~N ~ cw~ ~f 1AIs w~e~~. ~Iw ~r weeN Me~ry N~w1a/ IA~ war~ ~ pM~. Iw~ww?. MM 11» NNI w~Nw ~dw~a Ncw~ ~r Mds w~e1~~. ~n~ IIM ~M+r~ ~.n~l ,..~N..e~? eN. M? dAr. ~f .~r tww. .+v.e~... .s. .vlr.wc.. ?1? Mre. .»~I..«r w.»+. ,r+oAM +w.w1,? ~ZOr' y.«+ ti.w N~. r«. d MI, ..A~.~.. ~MII .ae..~ N~. ,.I~a1~N .~.rwt d= 34 , 400 . 00 ~1w Iiwa..~ M~.eMw. w~ ~r ~wM w~ ~ ib Aa~dMiM la Mw ~w~wl ~f N~us. MvM~, K lewtiwu ~w IM ~m t~wn~ ?y 11» IMw d Mls w~A~~, wIM WM~M M wd~ riille~wM. MiM~ Mb ~ IM ~s1~N IA~r thN~ d~M 4N» ~wi M wYll ~ wi/. l1w/ IM Mw1~n ~ Iwr~p p~~w~M ~u/ Mn~s i h t i r t' t 1 Ah ~n w~d p~aniswry not~ ond tAia n~oripo~ d~~d. ond any oddnionol p~ani~wry noe~~ w~eeiny fu?vn advoneti o~ h~rn~obov~ prwidd. 4. To poy oll ond sinpvb~ tM toa~s, ~p~ciol os~tun~nri, bvi~i, liobiliti~s; ~nnrmbronc~s ond obliyotam of ~v~ry nowr~ on. said prop~??y wd~ a+d ~vay wMn dw ond poyobl~ ocaordinp w law, b~for~ tMy brcom~ dslinquM~, ond ro deliwr to tM d~scribd Aswcio~ion on o? bsfor~ Morch 1 SM, of wch yw~ Toa R~c~ipq ~vid~ncinp tM poyrt~an~ of oll lawfvlly impowd waes fw tM precdinp ca~ndor y~or, ond if onr. w NtM. of rM oior~wld slwil nof b~ p~omp?Ip paid tM Afsociotan moy ot ony rim~ ~irhe~ b~fw~ or oft~c Mu delinquency poy th~ w+rw with- o~t woiviep w ofhttinq tM option a fondow. or ony ripht M~wnd~r. ond ~v~ry poyment ~ mod~ s1w11 bwr int~r~st from tM dot~ tl+~r~of ot tM ron ol pN cw~?. pN omm~n?. poyaAl~ monMly; ~o ;r?damnifp tM Assoc~orion vpon in d~nwnd for oll to~c~:. ossess~nents ond . ehorp~s thot nwy b~ ois~s~d vpon tAis JNort9oq~ a rM iewl~br~dn~u s~evnd Mr~by. ond Roid by tM /ltsoeiorion withovt reqord ro ony bw Mr•wfon .nocnd a h.noh~. w M a~octad impo~inp poym~nt of ~FN wlwl~ a ony pwt tMr~on ~pon tM Associarip?_ 3. If o earw~yone~ ~Aould b~ mod~ by tM maqoporo of tM p~enist~ Mnin daerib~d. a eny po~t tMrwf, withovl eM writt~n aonaa?t of tM Asfociotion. ond wirFw~t tM oswmptan in npubr fom+ of bw by th• pronta~ of ~tv obliqation w tM Auociaran cnared by so~d p.om~swry not~ ond Mis matqoq~, thM. ord in thot ~wnt, ond ot tM oprioe~ of tR~ Associotion. ond without ~otic~. oll wmf of m~ney s~cured her~by ihol~ ~eron~dany ond eonevn~ntly virith weh eonv~yone~ b~eom~ dw and poyob~• ond in d~fo~lr. 1. If font{own protNdinps shouW b~ inuitvt~d cquinsf tM propttty tovered by thi~ mo~rgoyt upon any othK lian or cloim whetMr atlep~d,to be ivp~r'ar w juniw w tM Uen of M{i mon9oq~, tM Aswciotion moy, at a~ opnon, i~otely vpon ie~titution of wcA su~t or durinq tM p~nd- Mcy tMnof d~cbn this morqop~ o~d tht ir?d~bt~dntu sscured h~reby dw ond poyabl~ futhwith ond moy. as its op~ien, proca~d to fore• • cbw ~h~s morpop~. . S. Thot in tM ~wnt thot tM prMniNt Mr~by morfpo{~~d, w o~y port ther~of, sholl b~ cond~mnsd o~d fok~n for public vst ue+der th~ powN of ~rnin~nt damin, tM Aswcation ihotl how tM rpht ro d~rtwnd thot oll damo9es oworded fa fM rokinp of w darw~es ro said pranis~s sholl b~ poid ?o tM Assocation, it~ wu~sson or ouiyns up ro~he omo~~t unpoid on this mortqop~ ond moy b~ app~~d upon the PoY~^t a PoY- me~+n bst PoYobl~ N~w~- 6. TM Mo~tyoqors b+ed th«r?sdws not b ~r~ct or permit to w~ncted ony new bu~{di?pi on the premis~s Mnin nwrtpop~d nw ro odd b o~ p~rmit to b~ odd~d a ony of tht eaistinq improwm~nn thereon without th~ writt~n con~t oi tl~e AuoNotio~. TM Mort9o9ors furtM+ bind th~mstMs ~ot to nmow onr b~ildinps or pom of buildirg• nw w remove o~y sond. soil, muck. rock w tixtvres a trtes wi~hovt the vircitttn consa+t of tM Assotiotion. In tM sv~nt of anr valotion or onanpt ro violoh this s~crion of this Mortyope, this Monyopa o~d ol) sums resen- d h~nbr iholl imm~diot~fy b~com~ dw ond coll~criW~ ot ths opta~ of th~ Associonon. 7. It is spscificolly oprNd thot tim~ i~ ti» ~ss~nc~ of thls Cont~oct ond that no waiver of o~y oblpmlon o? ~eqvinments Mr~in w a~y of th~n+ sFwll b~ constrwd ot any Nm~ tMrwhtr ~o b~ Mld to b~ o woivs~ of the fem+s w. of th~ insfrum~nt s~cured her~by. 8. TM AAortpopon oprN that tMy will not pan~if or ollow w wffer o~y wost~. i~npoi~m~nt, w deltr'wrotan of said property or any poA thereof: ond i~ tM ev~nt of th~ foilun oi tM Mor~po~ws to Iwp th~ bvild.nps on so~d pr~mises ond thos~ to .be enctatl a+ soid premises. ot im- p~ovemenh tMr~on in pood npair; th~ Assocation moy mok~ ond poy fw wch npain as in its di~crttion it moy dswn necessary for tM prop~r preswvotion tMrw.f, ond tM full onaum of wch payment sholl be s~cvred by the lie~ of this AAort~~ ond sl+oll be imrnedately due and poyobl~. or ot th~ opriw~ oi tM Associotiow. poyabb i.~ sucA monthly instollrrtents at the A:sodotio~ mor det~rmi~e. Ths Auociotion moy ~~qvin ptriodic t~rmi» .ond dry•rot insp~ctions by firms a corporotiont enpoqed in wcF~ busineu, and the cost thereoF moy bs collecred in tM spn~ monn~r os r~pai?s_ 9. To pay oll and sinpulor tM costs, cho~s, o~d ~~eqnses. inctudinp anom~y's fe~s and Abstrocr costs. reownoWy incuned or poid at ony tin+s by tFw Aisoc~ation b~co~~ o( th~ foilvn of tM Mort9a~ort ro pe.form, comply w~th and ob~de by e«h and ~ery th~ st~pulae~ons. oyrsernerus. conditions. and conv~nonb of wid not~ and of'this Mort9o~e. or either w ony of ti~em. - 10. ihot in th~ e~rent Mot Mis Mortyop~ b~ qiven eo s~cvn a conslnMioo loon, ioilun on th~ pan of the Mortpo~on o~ thtir controdon to com- . pbr~ i0id build~~q within tM tim~ ~p~rifi~d by them or to camply w~tF~ ony written ayreem~nt with the Assocation o~ to build said con• ~ :truuion in ocoo~donc~ with pbe+~ ond spscificotions fil~d wiM th~ Aswciaeion, sholl conititute o breach of this mortpoye, and. ot the op~~a+ of tM Auociation, imm~diot~ly nwt~r~ tM ~ntin omou~t of tM principol o~d interest hereby secured ond th~ Associorion may immediotely € inititut~ procNdinps ro foreclos~ this mornpoq~. My sums poid ro a lien holder or to one (vmishinp labor or moterial on the premises by tM ~ Association sholl become o port of this mortpop~. If, for ony rwson, undN rhis poroqroph, tht Nbrqa9on (ail u reiuse ro complea the con• ~ " ttrvctip~ wiMin six (6) months from do~~ of this mortyo9e, tF» Associo?ion will have tfie rpht ond outhority, ot its optan, to comp~e~e the ~ sorrN ond chory~ rh~ cosr ~fi~.eof ro~h~ AAOnyopors ond hovs a I~en therefa, w tM Auociotion may treat the wms advonced to the Mo~t- yogon oe~d ony iums poid by ir fu them up w tM date of wid refusol b complere the constn,ctan, os the ouuol omount of rhe loon, re- qordl~u of th~ amount s~t forth In th~ rat~ w mat~oya, ond rM Auociotan moy inrn«liorely faecbs~ sa~d mortyope for said surt?s so poid ond ~o odvonced vp ro soid p~riod virirh interest rMrwn os provided in wid nott. . t 1. 1~ ordsr to prwide for ?M poym~nt of to:K, o~sessments, insuro~c~ pran~ums, mortgoye guaranty inwronce premiums, term life inwronce pre- miums ond orhK cho.-q~s upon tM prop~rty s~curinq th~ indebt~dntss. ~he Associmion may. ot o~y time b~r wrinen notice w the Mort9oyoa, ~puin rMrn ro pay ro rM Auociario~ monrhly, in oddiria+ a N» poymen?s requ~red by the nore, o wm esrimored by tAe Associorion w bs eqvivolN+t ro oeN-tvwlsh of wch itwnt, whid+ poymenrs moy, ot tM opran of the Auociotan (1~ be Mld ie trvst by it fw rhe poyment of wch it~ms: (21 b~ torri~d in a shor~ occoum ond withdrown by tM AssoNotion to pay sych items: !3) be creditsd to the unpoid balonce of soid indebtedetss oi r~teived prorid~d rhat soid Association odvonces upon the obliyation wms suHicient ro pay wid itemt os Ihe wme occ~us ond b~com~ poyobb. If tM omount Kr;mot~d to be suff~c;snt ro pay soid items is not wffic~enr, ~he Mort9o~ors promiie to poy the diHerenu upon demond. If wth wms or~ Mld in trust or tarried in o shon accou~+t, the some ore hereby pledqtd ~o furthtr seture this ind~btedruss. Soid Associotion is authoris~d to poy wd+ irans os chary~d a bili~d wi~iavf fuNher inquiry. 12. TF+ot rtw NbrtqoQors will ke~p oll r~al ond personol propeny now or F~ereoher sncvmbere~ by the lien of rhis mortyope inwred as may bs nquind from tim~ ro tim~ by tM Aisociotion o~oinst losi bp fin, windstorm ond othe? hozards, cowo~riet ond contingenciws for wch periods ond for no? Msi thon wch amo~nr~ 'a• moy b~ requir~d by tM Auociotion o~d fo poY prompHy when dw all prvniums for wch inwronce_ TM omou~t of inwrant~ rpuind by tht As~ociorion sholl bs the minimum omount for which soid insurance sF+oll be written ond it sholl be ~ncurnbent upon tM Monpo~on ro nainto~~ wch odd~tiorwl inwro~ct os mor bt necessary ro maet ond f~lly comply with oll co-inwronce r~- g~inmenti tontoie»d in foid polici~s ro rFw ~nd thot soid Mort9oqots o~t r+or co-insurors tMrwnder. Inw.oi+te sholl be written br o~ompony ~ w Componi~s approv~d w dtsiQnotsd by th~ As~ociorion ond oll policies ond renswols thereof iAoll be held by tF~e Auociotion. All deto~led desiynoriw?s by tM Morrpopon which on occep~ed by the Auociation and all oqreemcnrs berween rhe Mortgoyors and Auociation re- ~ btinp to inwrw~u. now ~aistirg w her~ohK mode, shall b~ in wririnp ond shall be o pon of rh~s' monqoQe a9reement os fvlly os set ~ - forth w~botim MrNn ond sholl ywem bo?h porties hento ond their wccessori and ossqns. Pb lien upon o~y of soid~ policies of inwronce ~ or ~pon ony nfund w ~Mrm pnrt?ium which mor b~ poyoble on the co~celbtion o~ renninotion ?hereo/, sholl be yireei to aher than the ~ Assocation, ~xc~pt by prop~r ~ndorswn~nt offixed to wch policy and opproved by the Assodotio~. Eoch policy of insuronce sholl have of- (iY~d thK~b a Standord Ntw York Nbrtpoqt Uovfe without Contribution, mokirg oll bu or losses under sucf~ poliq poyable to the ~ Aswuotion o~ Allorqepa os its in»rtsr moy oppsor. In tM event ony swn w swns oi money becane poyable rhereund~r fhe Association sholl how tF~e opt~on b r~iv~ and opply tM sam~ on occow+t of the indebtedness hereby ucured, a perm~t the MonQopon to receivs and wt it, w ony port thtrwf. without f+~reby wo'wir+q or impoitiny ony eqvity: lien w riyM under ond by virtw of this mat~e. In th~ ~v~nt of los~ oi physioal domop~ b the mortqoy~d properry the MonqaQori sl+oll qivs inrned~ote notice by mail ~o ths Aisociotion ond tM Auociotion moy mok~ p~oof o( bts if the soen~ rat promprly nwd~ by the Monycgo~s. In tM ~vent o~ foncbwre o( this Mw?- poq~ w otFwr tronshr of titb fo rM nanpop~d prop~rep in utinpuishment of the indebt~dness secured hereby, oll riqhr, t~tte ond ~nter~st ~ of ri~ Matpopon i~ and to anr inwrarc~ polic»s thN+ in fwc~ sholl poss to t1~ purchoser of qrontN. ~ ~ . a~x28~ ~ 40S _ . x~ ~ ~ ~ - ~ ~`~°s~~~ ~ ~ - _ ~ - ~y. .~;y~ ~ . ' . .