HomeMy WebLinkAbout02407. If onr ol th~ svm~ ol ~.on•y A•r•ie ref~rr~d b b~ nol proapflr oad I~IIp poid ~riMin FihNe (1S) doys n~al ofh~ M~ ~pa» ww~olly p~cwy du~
and poyobb. w il ~och ond ~wry tM f11PY~0110f1f, o9re~a»ats, condiliows ond cov~nonb o( wid pron~iswry wot~ a~d Mi~ mwpop~. w~ith~r. or~ not dulp
p~rlo~a»d. co~pli~d wiM ond obid~d by. 1M oyprpoN +uw ~ntan~d ia wid proaiuory ~oN ~Aoll b~coa~ dw ond payoEl~ forthwiM or ~A~r~ofN~ ol
tM optio~ of IM Mo~IpopN. o~ fully ond caupl~l~ly of i{ ~oid opprpot~ ww o1 aonyr ~ras o~+pieolly ~tipulol~d b b~ poid on wc# dq. onyd~ino in
wid pwwissoey noN or Mnia ro 1M eontrory eolwilhtilondi~q.
~. Te d~Gv~~ b wid Mort~,ope~, o~ w Mlon Mo-ch 1SM ol ~och r~or, loa nc~ipb ~vid~ntino IA~ poy~nl of oll brr(ully i~apowd fo:~s fw 1h~
pr~cNd~ep cakndor rw~, Io d~liwr to wid .NortpoyN, r~c~ipb ~vid~ncinp rh• por~..n~ of oll li~e~ fw publi~ iwp~owwNnk wiMin nin~y (90) dopf o1Nr
N~~ ww~ ~Moll b~eow~ du~ oed papobb ond lo por w diseAorp~ .ri~hin nin~y (90) doy~ ot1~~ dw do1~. ony and ofl yowrn~n~ol bvi~s Mot sor b~
wod~ ow tA~ wort9op~d properlY. oe Mi~ nwrtyop~ or noN. or in osr oth~r way r~wltin0 frow IA~ Mortqop~ ind~bl~dn~u ~etvnd br lhis aart0opr, ond
if rAw condifion b~ no1 coa~pli~d wiM ond per(o.s~d, wid wa.~yoON ~wy poy wch ww w w~n whicA ~oll Mco~ poA of fA~ d~bf s~cYr~d by thn
iwor~oop~. ond ~Iwll beor imere~l ot tM wa» roN os 1h~ nartpop~ nob. Porobl~ w~iwnnually ~ntil po~d or toi~! Mo~lpopN soy ~Mc1 Nat wid wab
9op~ d~bt M~rwpon b~cow~ dw ond poyabl~ foAhwiM.
9. 11 is ir~Mer covenanted ond opn~d br wid pa~ties t6ot in ~h~ ~v~n~ of o wil beino initi~uNd lo fo~ecbs~ fAis a~orlpop~. tM hbrtpoph shoN
b~ ~nfitl~d b opp:y of onr liinc p~ndinp wcA foretlosvr~ iuit b 1h~ cou~~ hovinp jurisdic~iow MHwf (or ~h~ ~ppoinhw~nt o( o nc~iwr ol oll ond ~iw0~lor
M~ worf9oyed property, ond ol oll th~ renb, iecoa~~s, profils, isw~s and nv~nues fM~~of, /ro~ wl~ofw~v~r tovrc~ d~riv~d; ond f6~rwipon it is A~nbr
~apnul~r cov~nonted and ogrtw IAof M~ court s6o1) forMriM oppoinf o r~ceiwr o} wid wwqoped Prop~Ay. oll ond sinqulor, ond of such ~~n1s, in~
«.we~, pro(ib, iisws and revenw rhe~wf, hoiw wAo~wewr wurc~ de~iv~d, .riM 11~~ usuol por~rs ond duti~~ of nc~iwn in lik• cows; ond wcA op•
point~en- sholl b~ wod~ by ~uA courf os o u~oH~r of it~ict ~ipht fo th~ MortpopN, ih tucnswn, Ipo) repnunlotir~s or ouipn~, ond wiNwut nf~r~nc~
b M~ odsquocy o~ inodequoqr of th~ wlw o( M• p~oF~rfy A~r~bJr ~no~tyoy~d, w b Nu wlwncy or inwhreeqr of t6~ Mal9opor, ond Mot wcA nnt.
pro6h, i.. , i~sue~ ond rr~enues sholl b~ oppli~d by iuch nceiwr to tl~~ poywet ol M~ wo~tqops indsbMdnw, coth ond dor9~s, accordinp to
d-~ orde- ol sucA cou.t.
10. Upon aey d~loult unde~ the ~wrt~ope noM or M~ ~ort9oq~. ot f1~~ option of M~ IwW~r of fh~ wort9op~ no1~ M~ unpoid bolonc~ o/ fM
nqrpop~ noN ond ony odvonc~s n+od~ vnd~r it, or M~ waorfyoy~, toy~Mer with ieh~nl, sAall b~toew due and popobl~, tinN b~in~ of fh~ ~sst~ce of
f6is coefroct. My woire~ of ony poymca~ und~r th~ noh or wo~lyop~ al ony ilse ~all nol, ot onr oM~- lim~, b~ bk~n b M a woiwr o/ fA~ Nrw~ oF
tM nof~ w ~wrpope, ond the occeplonce of pora»ob upon wid ind~bNdn~u aholl net constihrN o w~irsr o! M~ opeion of th~ hoW~r of tM noN 10
oa~!~roh ~epoywent of fhe enfire unpoid balaec~, unksf 16~ Aolder ~apreuly 9ronM such woiwr in ~rntinp.
11, li oll or onr port o( Ihe prop~~ty w oe inl~r~st Ih~rein i~ wld or tronsfe-r~d by nwrlpopor wifMarl aaApopN's prior wrifMn tons~nf ~iclud•
~nq (o) t6~ cr~atioe of o lien o~ enca~wbronce subo~dinate M Mis ~~poy~. (b) o fron~hr by d~.~~, d~x~nf, o~ by operotion of bw upon th~ deoM of
a joinf fenonf, or, (c) th• pr~nt of any Iwahold ieleret~ of MrN (3) ywn or kss not contoiniop an option b purc6os~, or (d) fh~ creation oF a pu~•
chos~ naney securiy intere~t lor houuhold opplianc~s, nwrt9ope~ awy ol wortpo9~e's opfan, d«lo-e all a~.s sec~..d by ~h~. ~.onyoo. ro b. i~ediafelp
du~ and payoble. MoAyoge~ ihotl hav~ waiwd suc6 option b au~le-ote onlp if, priw b fM~ wh or trans(er, w~oApopH ond th~ p~rwn b wAom tl~~
Properfp is to be wld or trons(erred r~och oyr~emc~l in rrrifinp tAol ~uth p~rspn is a qualifi~d borrowe~ fe 1h• aotia(oclion of sopo~~e ~:~rcis~d
in ils sole diurction end thol cny eadif~coYans o1 te~i oi /h~ awrtyoy~ Ipo~ as or~ reQuired br e~wfpoge~ ie ib wl~ ond obsoluN diur~tion wli~th
~odifications wwp inclvde ..~rhoul limitotion Me rot~ of int~r~tt payabl~ on th~ suss ucvr~d bp Ih~ ~worl9op~ to o roN os rpwsted bp mortyope~
Aov~ be~n oyroed upon.
II ~aortQoyee eaeru:es such opte~e 1o dreekrote, mwtyopee shall wo;1 morlpoqor notic~ of oa~kralion bp depwit;np soid bHe~ in tA~ Ueifed
Srotss Moil, postage prepo;d, ~o the following oddreu:
Such notice sholl provide a per~od of not I~u than Miry (30) daps frow the dote tl~~ eotic~ is .woikd, .viMin WI1KA ewortQopw ~sop poy tl~e suw d~•
clared due. If mortgo9or foils fo For such svms prior b Ihe eapirot'qn o( sucA period, IM loon sholl b~ in defovlt ond ewrl9ope~ soy, wiMout fuAher
no1Ke or demaed on mor~gogo~, invok• anr remedies os proridcd for Aerein upon M~ ~~ent o( de(ouh.
Mr woiver oF ony parmcn! unde~ the note or nwrtyage of anr tim~ sholl ~ot, of onr oM~r eiin~, b~ tek~n to be o woiver of 1he Mrws of Me
noh or w~ortgope, and tAe «.eptonce of par,~e~rs vpon wid ~~debbdness ~oll no~ con~tifvle a roirer of Me oplion of the inortpopN b oa~krob
th~ indebtedneu os providcd ~o~ hertin.
12. II • co~rer~~e slw~,ld be ~n~de bp ~he mo.~q~yw of ~he pren~KS here~n descr~bed. or aMr pa~ ~eof, ~nd should rht 9r~nNe a any subss-
qvent g~~mee under sa~d co~veyance. wAo Ma afsvned ~F~e rnor~gaqe ~nd indeb~ednes~. Ee in dt(~uH oy vN1ue of • brNCA of aery oi tM povisioM
of dws ~no.~g~qe a ~he povn.ons_ol any a~swnp~~on +q~eemem w:th the mw~g~gee, wAsthe~ w~+W wid auwnption ~grserna+t ewd'if~s the te~ms of
M+e mwtgage ~e~d ~ndeb~ed..ess. ~Aen and N.e.efae. Me mwtq~gor Ae~eby coenenri ~o auuiwp~ion ~nd tht povisiona o~ ~ny ~asun+p~ion agr~nl with
N+e mwtg~qee. a~d ~o a~y mod.l.c~~~ons o/ ~he terms a prwis:an oi d~e na-~~g~ ~ed indtb~edmss occ~s~oned by w~d ~i~umption ayr~e~t and does
(w~Aa he.eby g~~n~ Me .nw~gagee ~he r~qA1 ~o q.an1 eatensions ol ~ime ~o s~id g~~n1N withou~ eotific~tion oi, w~tAouf 1h~ con~Mt o/, and withoul aHsd-
~nq ~Ae i.~b~Lry o! the a~q~nai nwr~g~go.. a an~ subftpuem nart9~9a-
1~. Wl+en ~~y a~oun~ ol ~na~e~ ~o be p~~d br rhe ~n«tg~ya a fl~e inwg~~ee v~r Nw ~e.~ns hereof ~M be in dei~uh, or ~hould the mor~g~yor
de4ult M~n~ o( ~hc od+e. ~cnns. pov~s~ons or cond~t:ons oi M:~ nw~rqaqe. then in drt us~ tM wwrty~9ee sA~M haw N~e -gAt, wilhoul notice fo tht
w+orq~gor. ro cdkc~ ~nd .ece~ve I.om ~ny tenant a lessee o/ w~d moitgayed prenwks the renb. issues ~nd pofifs of ~he real esqte hereby rnatyayid
~nd the Ynpwane~~ +hereon, a.~d to qve prope~ .tce:ph and ~cawn~nces thc~e(or, afrer p~y~ny alt e. 'nions of ~ny renul penl cdkct~og the sarne,
u~d ~n~ reason~We •na.~eys' fees ~nd o~titr e+ecess~ry e~penies iecwred ~n cdlecunq ~anr. ~o ~pply tht pocseds of such cdlecfion upon ~ny indeb~ed-
nest, oWg~~:on a I.ab~l~e~, of the mor~gagor Aerew~de.- TAe .gM qranfed tlK mpt~qee rndtr IAis p~ryr~pli ~N be in ddition % and shall not limit
o~ r~snK~, •~y a1,e. nqAt a r~gh~s g.~med ~he nwrtq~yee ~n tA~s ~na~g~ge-
11. TMr ~n ~he eve~~ the prernises Mr~by mwtppsd, o~ ~ny put tAereol. J~~11 be cond~nr~ed wid taken fa pvblK uw under ~M pow+r oI eminenr
do~nan. the Mp~Ippt~ ah~ll h~re fhe rqh~ a de~nand rM~ dl dMnpt~ ~w~.~d Iw rIK ~~fw~p ol w d«npes io wd pnrni~s ~Aall b~ p~id to 1M
MwtOpN up a N~e M+w~~r ~Mn unp~d on Mn rnorpp~ ~nd ~~ ~he option of ~M Mwrp~pe~ nyy b~ ppGed upa~ eM phrnwnea lat phr~bb Nre~on.
1!. The narippor b~nds A:msel( not b enct w~neit ~o b~ .r.ckd .nr ne.o pu~ldw~p~ on NM prern~stt haein ~nortpap~d or 1o dd b or p~rnwt
b b~ ~dd~d a~ny of ~M e^~s~~ng Nnp-oranen~~ N+ereon a ny-~ ~rhr dunpes w d~er~~wm in s~.d rnp.o~ren+enn whid+ n~ari~tly clwp~ ~M ~an~ o~ -M
vw Mw~of, w~rlw„~ rhe wr,rren consenr ol rM Mortyp~~. ~nd ~n d» wem ol ~ny v~oln~on a~tKnipt a v~ol~~~ lbis ~tipulation Nw nwrq~ ~nd all
wTt Mcvr~d M~tAp ~MII unn+ed~~~ely become dw ~nd coll~ctbl~ ~t d» oP~ion of Mw MaqpN.
1~- M u~p~ul.c~lly agreed ~hat r'wn~ i~ o~ Hw eswnc~ o~ ~ oona~et ~ed rhn no w~iv~r of ~r oblip~tion !»r~ued~r a of tM oblip~tion s~wnd
Mnb~r ~A+11 ~~ ~n~ ~.n~ be heW ~o E~ ~ w~iver of ~M Nn~n Mnof « 0/ ~Ae wrh~w~nt wand Mnb~r.
17. If fo~ecl-wr~ p~oceedinqs oi a~ryr s~cond mwpsp~ o~ ~eoad Mwt de~d o~ My 1w~~w lien of ahr kind ~hovld b~ imtituqd, tM Mlorly~~ may.
~t ies op~~on, wn~ned~~~el~ a d+~red~er ~cIM~ Mis monyp~ ~nd ~M indeb~~dn~u ~cwed henby dw and payaW~ iw~hwith, ~nd nwy ~t iis opriw~ oroca~d
te foncbw 1hi~ nwnpp~-
1~. Te rM ~~etent of ~M ~Rdeb-edneu o~ th~ Monqpw b d» Morqsye• de+c.~bed Aerdn w~ecw~d hx+bY tM Mw~Yp~ a h~+bY M+brop~Nd b
iM IiM- a 1»m ~nd to rAe .ghis of rl~e owren ~nd holdsn ~henol of ~~cA and ~very mwtype I~en or o~ incvw~bnnu on IM land dear~d h~nin
whKA i~ p~id ~nd%or w~~~l,ed :n wlale w in put out of Nw piocNd~ o( the b«~ d~w~bed Ae~e~n a secur~d hereby. ~nd M» nip~criw Iwm of wid
w~s-qpe+. li~ a o~he. ~ncu~+M~nces ~h~ll b~ v~d ~M ~~ ~nd ~~ of than Mrebr is pes~ned nd sh+ll p~a b~nd be Mld by IM MwqpN herein
~s wcvr:ryr fw the ~ndebsedne-s to Me Mwya9e~ hertin dncr~d a MnM secwed, b ~he san+e ea~en~ that it wwld Mv~ b~M pr~erv~d ~nd would
h~w b~e~ p~a~ed w~nd been heW b~r ~I~e Morbay~~ Md h b~en duly rd ~ep~larlp ~s~gned, nans(ernd. ~et ow~ ~nd del'rwnd w-b rM A~orty~pN bY
wp~rN~ d~ed of ~~~.ptinent no~w~rhs~~~d.np ths (xt Ihat tM f~ wwy M~~tisiwA ~nd canulleA of ncw0, it beinq tl» inhntion of 11» p~rtiN iwnb
Nwt iM ~w~w will be sa~~~(~ed w~d cwicdkd of r~cord by d» AolAn~ ~Mrw~ N or abor~ 1M ~inr ol Me rseadirq of thh nwttp~~.
1f. To pay ~U ~~d s~n9ul~. me cosn, clwryes and ~i~mn, r~c~ud~ny I~wyer'~ I~es, ~eNOn~bly incwnd a P~id N wM ti~ b~r ~Iw lYbr~ppM.
Mtww e/ 1ht 1~~{ure ol ~he Ma~qaqor b perltrn~. comply wi* ~nd ~bide br t~t1~ ~nd every IM ~tiprl~lions. ~pnemenb, oonditioer, ~nd eowrynt~ pf wid
pawixay noN w+d Nws de~d, a e~~hcr, and every ~uch p~yn~nM slwN btN intK~st hom d~N ~t tht awn~ r~N N ~M ~norpaq~ nWe-
IN WtTNESS WMERfOf, dw ~a+d Mortppw h~nrnb ~M hM Aawd ~nd wN d~ IM dhr ~nd yN- An1 abor~ w~i1MR
sq~.e. ~.obe, a~e d.uM...d
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~~3'~345 P~E ~39 ..«~
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