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Home My WebLink About0336 N~w, ?Me~f~. 11» awiMiM ~1 MI~ AAsel~~ b wcA MN If IM M~~n ~A~M rr~N ~ Inly Mr wlh 1A~ A~HCi~tNw Nw IwM~1~- w~u ~rl~w~c~ ~r MM aMM ~~wlawry MN ~f ~we li~ ~w ra.S ep t ewbe r1• t~3 ~wd~ ?1r N» AMn~M~n ~ MrMI~ N 1b Au~clMtw~. 1~ Ib ~vW ' MMsIMI w~ N Odl~n, 1~11K~ ~rilA MNn~t ~n IlNnle sh1~. ~ ~A~M M~n~, c~ wlNy w/ ii~ h? Nd? ~ w~ry 1M diwlMiw~s. Mn~w~nN, ~ c~e~ cwHdw~ w~/ ~N h~tA in Md~ waA„r ~ In IM M~wis»ry MN ~e~ Mn~r. ~ni M~eIv~M~~ M~ hrhrn ~vMC~s. ~vl~ne«I ?y hrhw ~IN~ry MNs. w~b ~r 1M A~w~Mi~w h N» Nbef~~~s. N N IMNr weawn In N11~. fK Mp ~rMw. N~nr Nw» wh+~ Ib wl»»~ ~ e~nedl~lbw MI~ wNA~y~. '1~~ eny .~nc~~ w~s~swry N}wN~t 1M McveMy ~ u~M. ~ri~/, bvwwr. MN ~ 1~M ve~N Ml~nu wc~n~ ~r Mi~ ~~M 1M aNw r.«.~ ~wb..ry MN ~M hr vb+w d~r hrhrh ~r«~~«. ~mi ~dr.we.r ?r hrwn ~e~wls~.nr w~Na w~.b wnAiw h~b I=0) 1~s M~w tb ~N ~f k~l• ~A~~. ~MN wM ue~i 1A~ wNaiwww ~ei~eiMl ~~et ~f = ~Iw IwMnp NweNw. ~~wr ri~rr~~n1~ ?p IM AawdMMw hi 1A~ ~~wl ha~ti bri~+. iwwhna ~w 1b ~r1~r c~v~ ~r IM IiM Mds iw~~. vdM inNhN rw wd~ ~i~?~rwrw~wN. Mww MI~ Aii ~n/ Nw ~~1~N fM~Yr aN1~ ~MII sNw ~ M wdl ~ v~. An~ 1A~ M~n ~ bn?r sw~n~w1 ~ Mwr l. To pafom~. canp~y witl~ ond obid~ by wch ond tvery tM i~~pubrwns. o9rsemen~s. cond~tio~s ond converwnrs contmned and sN fonh m soid promissory not~ and rhis mortqoy~ dNd. o~d ony odd~hono~ prpniisory no~~i ~v~dencinp furure odvonces os her~~nobov~ prov~d~d. To poy oll o+?d tinpub~ tl+~ toaq, sp~ciol os~ssrn~nts. I~vi~~, Iwb~l~~i~s: encumbronc~s ond ob1~9o~ions of wery narure a+ w7d prop~rty ~och i ond w~ry wh~n dw and poyobl~ occordirg b low. b~for~ tMy becom~ d~linqven?, ond ro dtliver w N» deur~bed Associotan on w befor~ Morch I Srh, of wch y~or Tot R~c~iprf ~vid~nciop tM poym~N of oll lowfully imposed toa~s fa tM pr~ced~ny colendar yea~, ond if ony o~ e~th~? of tM o(o~~wid ihall no? b~ promp?ly poid rht Aswcwrion moy o~ any ~im~ e~rher befor~ or aftN *M d~hnqwncy poy tM somt w~M- out woivinq or off~cti th~ option ro ~a.cbs., or ony ?iyht h~~~under, ond e~r~rv payme~~ so mod~ sholl beor inter~i~ /rom tM dote the~wf ot th~ rot~ 01 _ 9.2~ p~r c~nt, pK annum, porobl~ monthly: to indKnnify the Aswuot~on upon its de~nond for oll roxls, assessm~nts ond chorq~~ thot enoy b~ ofs~iwd upon thi• Mortpop~ p? tM ind~br~dntsf secv.ed hereby, and poid by tht Associorion wirhout rs9ord fo ony bw Mntofon Moct~d o~ herwher ~o b~ ~noct~d imposinp poym~nt of tl+e whole a ony port tAer~on ~pon tM Assocwnon. If o conwyoec~ ~hovld b~ mod~ by tM eno~tqopon of tM prein~ses henin d~u.ibed. o~ ony pon thereof, withovt rhe wrinen consent o( rM Assoc~otion, end wirFw~t th~ ossumprion in rpular fom+ of low by th• yronte~ of rM obli9orron to tM Assouor~on ueared by so~d p.aniswry nor~ ond this mo.tyo~~, thon, ond in rhor ~v~nt, and ot rh~ oprion of rhe Asaociotion, ond withouf noric~, oll wms of money secursd Mreby sholl imm~diot~ly and contun~ntly w~!h ~uch conr~ro~?c~ becom~ dw ond poyobls ond in defoul~. ~ If foncbsur~ prp~e~d~rgi shp~ld b~ instituf~d o~oi~st tht propaty covered by this monyo9e upon any o~her lien or cloim wheth~r alleged fo be •up~rqr w junior ro th~ li~n of this mortyo~~, tM Associmion moy, or ~ts option, ~mmsd~otely upon institution of wch su~t or dunny the pend- ~ncy tfi~rwf d~clon rhis mon9oq~ ond the indebtedn~~s aecured hereby due ond poyobl~ forthwith ond moy, os its opnon, procaed to ~ore- ` cbse thii mor?pop~. . ° S Thaf in th~ ~v~nt that tM pr~mi~s Mr~by mortpoqed, o~ ony pon thersoi, sholl be condemned ond token for publ~c use under tha power of •m~n~nt danoin, rh~ Assoaor~on tholl hove tM riyht ro d~mand rha~ oll domoges aworded fo~ the tok~ny of or domoges ~o w~d premiies sholl be poid to tM Assouaripn, it~ sutcessors o~ ossigns up ro she omount unpo~d on this mwtgaye ond moy be appl~ed upa+ the payment or poy- ments lait poyoW~ th~rwn_ G Th~ Mortyoyon bind tMms~lv~~ not ro ~ncr or permir ro os e.ected any new bu~ld~rqs on rhe prem~ses herei~ mwrgaged nor ro odd fo or psrmit to b~ odd~d ro aoy of th~ ~xi~t~ny improvem~nts the~wn withour ~he wntten consent of rhe Auouonon. Ths Mortgogon funher biod tAemistws not to runov~ o~y buildinpi or porti of build~nqs nor ro removw any sond, soil, muck, rock w fi:turp w trses w~rhout the written conunt of the Association. In th~ ~ven~ of o~y violaHOn w ottempt ~o v~olore this uction of this Mortyoge, this Monqaqe ond all sums resen- - ed h~reby sholl ~mm~diotdy becom~ dut and collect~bla ot the op~a~ of ~he Assouonon. 7. It ip~c~fKally oqrMd thot tim~ is tM ~ss~nce of thi• Controct ond rhor no woiver of ony obli~otan or requirnmenti h~rsin or any of them shotl b~ comtru~d ot o~y t~rrK tMr~ahtr to b~ held to be o wa~ver of the t~rms or of tAe instrwns~t s~cured hereby. 8 The Monyc~gon ayrN that th~y wJl not parrinit or olbw a wffer ony. wosts, ~mpoirment, w detenwotion of soid propeny or any pon cce~eof; ond in th~ event of th~ failun of tM Nbnpo9ors to keep the bu~ld.ngs on sa~d premises ond thos~ ro be erected on said premises, or im- prov~ments tMrsw~ in yood repair, the A~sociotwn moy moke o~d pay for such repairs as in its discretion it rtwy deem necessary for ths prop~r pr~servation thKeof, and tht f~ll omounr of such poymen~ iholl be sscured by the I~en of this Mort9age and shall be imrnediately due ond poyoble, or ot th~ option of th~ Assouation, poyeble in such monthly instollment• os the Associorion moy derermine. The Assouation moy rpuire periodK termite end dryrot inspecrion: by f~rms or corpo~onons cnyoged in such bui~ness, ond the cost thereof moy be collected in ~he som~ mcnner os r~poirs. ! o To pay all ond s~nyubr tht costs, choryts, ond expenses, includiny ottorney's fees and Abstroct costs, reesonobly incurred or poid ot ony tims 4 by tht Assoc~ation becous~ o( rhe foilun of fhe Morrgoqors to perform,- cemply with and ob~de by each ond every the stipul6r~ons, ogreemenrs, I cond~t~ons, ond conv~nonts of w~d note and of th,s MorrQoge, or either or ony of them. i 10 Thot in th~ ~v~nt thot this Mort9o9~ be 9iven to secur~ o construction {oon, foiture on the pon of the Mortgago~s or their contractors to com- ! plete w~d buildirp w~rh~n the t~rt?~ spadf~ed by them or to comply w~~h ony wntte~ o9reement w~M the Assouotwn or ro bu~ld w~d con- ~ stnx~ion in accordonce with ptans and specificotwns fited w~th the Aasociation, sFwll constitvte a breoch of thfs mortgoge, and, at the ophon o/ th~ Associonon, immediotely moture rhe entire omovnt of the prmapal ond interest hercby secured ond the Assoc~ation may immed~otely ~nstitute proceed~ngs ro forecbs~ this mortqoge. Any iums pa~d to o lien holder or to one furmshing lobor or motenol on tbe pran~ses by the ~ Aswciarion sholl become a pon pf fhis mortyoye. If, for ony reason. under this porograph, the Mortgogors foil w refuse ro complcte ihe con- r srruction w[rhin sia ~A) months from dote of rhis mortgo9e, the Aswuanon w~ll have the ri9ht and outhority, ot its option, to complete the ~ same ond cherye th~ cost thersof to the Mort9ogors and have o I~en therefor, or rhe Associarion moy treot the sums odvanced to the Mort- yoflors and ony s~ms po~d by ir fo? them up to the dote of sa~d refusol fo complerc rhe construcrion, os the ouual omount of the loan, re- : s qordlsss of ~he amount sst forth in the nor~ or morrgoge, ond the Assouotion moy immedlately forecbse sa~d mortgc~ge fw w~d wms so poid k ond so odvanced up to said p~rwd w~th inrerest rhereon os p~w~ded "en sa~d note. ~ ~ ~ In order ro prov~de for th~ poyment of ro:ei, ossessments, insurance p.em~ums, mongope guaranry insuronce premiums, rerm life insurance pre- = miums and other chp:qei upo~ the property secunny M~ indeb~~dn~ss, the Associafion moy, at o~y time by written notice to the Mortgoyon, r require them ro poy ~o rh~ Auociotion monrhly, in odditwn to the payments requ~red by the note, a svm e:timoted by the Assoc~orion to be ~ equrvolcnt to onatwelth of such it~ms, wh~ch poyments may, at the opnon of the Assouat~on (1) be held in trust by it for the poyment of such irems; (4) b~ cor~ied in o shore occovnt and withdrawn by the Assodarien to poy such items; ~3) be credited to the unpoid balonce o( ~ sa~d indebtedness o~ rece~ved provided thot sa~d Assouot~oo odvonces upon rhe obHgarion sums sufficiem to pay soid irems os the same accrue ~ and become poyoble. If th~ omovot ~stimoted to be suffiuen~ to poy w~d items ~s nor w~f~uent, the Mortgagors prom~x to pay the d~ffere~e ~ ~pon demond. If such sums are held in trust or corried ~n o shore occount, tht wma are hereby pledqed ~lo further secure th~s indebtedness. ~ So~d Assoc~ot~on ~s oueAori:~d to poy such ~rems os charged or b~lled w~rhov~ funher inquiry. _ ~ 12. Thot rh~ Mortyoyors will k~ep ell reol ond personol propeAy now or hereofter e~cumbered by the lien of thn mortyoge insured as moy be 3 requlred from t~m~ to time by the Assoc~arwn o~oins? bss by fire, w~ndsrorm ond other hozards, cowoU~es ond contingenues for s~ch periods ~ and for not lefs thon wch omounts as mo be r y eq~ired by the Assouot~on ond ~o pay promptly wAen due all premiums for such i~s~rance. Th~ emount of insuronce -~equired by the Assocrotion shall be the minlmum omovnt (or which sa~d msurance shall be writte~ and it sholl be ~ incumbsnt upon th~ Mortyaqors to mointa~n such odd~t~onol insurence os moy be necessory ro meet ond (ully comply with oll co-insuronce re- ~ quirements conroined in soid policies to th~ ~nd tlq~ so~d Mortyogors ore no? co-insuron the~evnder. Insurance sholl be writren by a Compony or Componf~s opproved o~ d~slynatsd by the Assoum~on ond oll poLues ond renewols fhereof sholl be held by the Assoc7ation. All dero~led - desiy~otiw~~ by th! Morty~ors which or~ occepted by the Associonon ond oll og~eements be~ween ~he Mortyogon and Assouorion re- lotinq to insurorxe, now ~xistiny or hereohtr mode, shall be in wnr;ny ond sholl be o pan o/ this mwtgoge ogreement os fully os set forth verbotim henin nnd shall povem both ponies hereto end their successon and oss~gns. No Gen upon ony of said poGcies of insurance o~ upon ony refund or rewm pranium which moy be poyoble on the cancellonon or term~notion thereof, sholl be grven to other than the ~ As~ociotion, ~xc~pr- by proper ~ndorsemem o(fixed to such po1Ky ond approved by fhe Assouation. E«h polKy of msuronce sholl hove af- ~ fi:~d thereto a S?ondard New York Mortyo~e Clause w~rhout Contnbur~on, mok~ng oll bss or b:ses under such poHcy poyoble to the s Aiwciotion as Nbrtyoy~s os its int~r~s! moy appeor. In the event ony sum or sums of money become poyoble therevnder the Aswciation = slwll how the opnon- to nc~~v~ ond opply the samt on occounr of rhe indebtedness hereby secured, or permit the Mortgoqon to receive and use it, or ony port thanof. without hereby waivi?q or impoi~i~g q~y equity. Iien o~ riyht under and by virtve of this mortgoge. In ~ rM w~nt of loss or phys~cal domoy~ to the monyoyed propeny the Mortqogon sholl grve ~mmed~ate norice by ma~l to the Associoreon and th~ A~sociotiw~ moy moke proof of bss i( the wme ~s not promptly mode by the AAortgc~ors. In the evcnt of foreclosure o( this NbA- - pop~ or oth~r tronshr o( tiH~ ro the monyoq~d property in e,ctinguishmenf of rhe ~ndebtedness secured hereby, oll r~ghr, ~~He ond +n?erest = of tM Mortpopws i~ ond w arty inwronc~ policits rMrs in force shall poss ~o rhe pwchoier of grontee. ~ - ~a ~ DUC~(~ ~ ~ { : 3 ~ a ~ ~ ~ r - _ _ ~ - ~ ~ ~ _ ~ ~t~ ~'~?c~a~~~e~.'.?~.~,'~",.~.a,.. ~ _ ~r, w« ~ . _