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HomeMy WebLinkAbout0769: ~ i ~ . ~ ' L. ,4'-. ~ti . ~• Tn~~ u, ore~. to ao2~ci ma~ fu~hr iM secu~~ryr ol [h~s ma~pap~ Ne MoriQipp. top~fne~ wn~ a~d in aJd~hon ro 2!~e ma~in,r PaY^~^ts ~~da ~ne ro~ms ot tM note secured M~fbY on tM sp~uMd p~Y~nt d~q ol ~~CA mpntA unt~l tAf sa~d note ~s !u~~y Pa~d h~~1; p~y to tne Assa.Vt~a+ Ine ~oiiOw~r.y sums ial An ~~tsllm~nt ol tM qa~s a~+tl isNtf~Mnt~ I~v~W a to D! I~v~W aps~nsl th~ pem~y~s covered py th~3 mortyaye a~i sn msta~iment o) tns Wem~~m w p~mwms th~t nnll pKpm~ du~ ~rb paWp1~ to r~yw tA~ ~nsur~nt~ on tM pem~s~s cove~ed he~eby ap~~nst bss by 1~re u+d w~rWSto~m ss wov~d~a 1a br w~p~~cn 3 w~c~np. a wcti otn~. nu~rd as m~r r~asonaWy. W rep~~~b py tne Assouat,o.~ ana a~ ~nstaiimem ol tne prem.~um inae w~u become dw +r+d wr+DN ~o r~n~w ~n~ mp~pap~ ~nwranc~. ~f s~y Sucn ~nsui~mems sna~i be equsi +espeu~Yeiy ~o w+e swe~Nn ~ 1 1 jtAi OI ih! K t~mslW pnm~fm q pr~rtaums fM suth ~MW~r+t~, irb I~a~s ~nd ~ss~ssm~ntf ne~t due Iss esurru~ed b~r tha Aswc~at~o~l iess a~i ~~sts~~ments a~~esdy oa~d thsrs~a. MvdW by tM numbtr o~ ~t~s t~t ~n to elaps~ a.a ma+th p~wr to the date wnen suCn pEm~~m Or premiu^+S ~nd ti~QS ~od sss~ssm~nts wn~l b~com~ dshnpu~nt TM Asspu~twn. w1u1~ spp~y~np such payments to ~nsu~ance wem~ums ea^es ~nd assessments befw~ tne same IxCO~M dl~~npuRnt. ~14lI rpt piY ~A~N~iI [O lM Mp~QaQOr On SNC~1 ~YfbS. i'+d a~l 1uCh payment5 mdy b! CUTming!aA GV t~! Aitouitwn w~th ~ny otAer such I,~rbs a vnth ~ts own lunds ~M funds a~~ yedp~d ss sdd~tiuni~ Slcw~tY ~o~ the sums ucu•ed Ay ~n~s Mo~tgaye a~a sre sub~ect to ose Dy ens A:soustwn ~n p~ymt~t o~ ~aa clwrpes ,nd bant ca~ec~ro~ cnarpe: ~bf AE~ paYme~~s ms~twn~d ~n tM y~cW~np subsacbon o~ th~s ps~agrap-+ a~+d ati payme•:ts to be ~~ade u~he~ ~ne nae sec~,~ea ~e~eer sha!~ be a0dcd togetner s~d tM apprp~t~ u*~ount tMreof shiu be pa~d by the Matgspw escn r.w-~~n ,r, a s::y~e Gar~*e:,~ to oe apo'~eu ~v t~.e Assw, at~on to t~+t ldbvw.ny ~tems m ~M ad~. s~t ~at~ 1 T~aN. ~~f!lSmantf snd ~nsursnce p~em~ums 2 Late c~arges and Dan~ co~~~ecbor ~na~g~s u~teSS paK.' •r. m~~ne~ orw~ded ~n p~~a~sph t 1a1 3 inar~st o~ tM ~+ote sacu~ed ne~ebr 1 AmorPianon ot cne o•~nc•pai o~ sa~d ~o~e Any def~ue:KY ~n tAe amaint o1 SuCA ~gyrtgate montMy payments sns~~. uniess paM by !M! Mn.tgayor prio+ t~~ thw ~tue tldte ~~~ The ne~t cuCh payment. Cpn~ sututs sn svem of deyuK unda th~ matgs9e W~thout ws~ve~ 01 sny ngM the Assoc.at~w+ mav u~~ect a rate rna~ye as Mar•de<f m tne Note 5 Th~f ~1 the wtal o~ tha psY~ts m~ by tM Matpspor unN~ Isl o~ pir~yr~pA 4 preteWnq sh~l~ eueed tnc a~++a,m d wyme~ts actus~ryr maoe Dy me Assotutqn fa bats snd ~iffssm~nts ind ~ntu~~nc~ pemwmt. ~f iM C~sO msy bs. such e~~eys s~atl be t~ed~ted ar ene Asw~:~at~on o~ subseuuem psvme^ts ro be m~ by t1+e MatysQa Il, how~rei. tM montAh WY~+N+ts made by tM Matps~or under ~st o1 Wrag~apn 4 p.ecetl~~g sna:i na n~ve Deen wN~uent to pay ts~es u+d sssessments snd ~r.w~sncs wsm,ums is tAe cste m~y be when the ssme s~s~~ become due a~+O payabie tnen tne Assoc~at~o~ may at ~ls op~ tan ~mmed~ateN~ Wv such q~~s +nd +ssessmsMS snd ~nswsncs pem~um snd the !No~~gagor shan pa~ to ~ne Assoc~ano~ any amu~.,n! ~ecessary to m~ke uD It+E dtbutn[y 7nd SuCh p~ym~M fhill b~ duR i~d WyiDIE w~tAin thuty 130~ d~yS aftl~ the date o~ ma~~~ny oi not~ce bv :ne Assoaa~~on setnng lu~tr+ tne amou~t of wch d.f,oency N. at snY t~me. ths Mprtp~ypr shi11 tende~ to th~ Assowatron ~~ acco~Ca~ce w~tn tne 4~ovr5~o~s ot tnt ~ote zECUrCd ~e~lby fu~~ oarme~t o~ the enpie ~nAebte~~ess reprssented here~y th~ Assoc~atMn shi~l ~n tompuUnp the amour; el suc~ ~ntle0tedness cr~~t to tne accuw2 et tne Mo~tgayo~ a~y ba!ance rlm~m~ng ~n tha funds iCCUmu~~tld undlr tA! prOV~t~Onf o} b) O~ pi~sfl~aDh 4 6 To permit. tomm~t or 3uHsr nO w~sts. ~mp~~rmfnt p dsts~w~stwn of s~~d p~OpR~tY O~ iny part thE~E01 anO uG~ lhp 1d<~u~! O~ tnE MO~tgigp TO k!!p iM1! b~:~~d~rgs on sa~d pope.h ~~ 9~d ca+d~twn or r~pan ~nd ms~ntensnc~. the Assoaat~on m~y demand prope~ md~~tenance sne] the ~mmedyte ~eDa~r o} S~~Q bw~d~~gs. qr an mcresse ~n the amouM o~ sacw~ty. or the ~mmedyte reAarment o~ tne dcbt nereby secu•ed and f~+e fa:~~-: o~ the Mo~fgago~ to co~*+p~~ w~tn sad demand o~ t~+e Assocubon fa a p~rqd ot th~rty 1301 dsrs sna~~ consutuee a b~escn of tn~s mo~tgage a~d at tne opt~on o} the Assoc~at~on ~mmea~ate!Y maw~e the e~ore amount of p.mapsl snG mtere3l he~eDy securb ~r~ the Assocuuon ~mm~~ate~y and w~tnouc nonce mar ~~~strtute procectl~~gs to b.eclose sn~s moregage a~+d ap~y ~a ~ne sppo~ntment oi ~ rece~v~r ss M~e~~aher p~ov~tled s~d ~~ case o~ ei*e ~e}usai ney+ect o• ~nan !~ty o~ ~ne Moregayo. to reoa~. snd md~~tam S~d WOpertr. the AfSOC~itWn m~y, it rts optwn mske such repau5 Oi UuSt th@ Sdme io U! made a~d ad.a~ce mor~ers ~n tnat benaH 7 T~ pe.twm comNy w~th and ~bde by exf+ u+d every tne supuiatrons. sp~eeme~ts. co~+d~t~ons ana cove~~a~~ts .n sa~d p+omissory ~~oce and th~s me~tgage xt ~urtn 8 To compiy w~th Me subdmsan restnd~ons sed the mun,upa~ io~~np wd~nances sppl~caD~e to fne murtyagea pro~ny r+ot ro e~ect o. pe~m~r to De aected any new Gv~lA~ngs pn the pre~*uSef her~~n mottyipW p t0 WO~tO O~ pl~m~t t0 b! adde0 tv make o* Dl~m~t to bC m~tfe d~Y Str~Gtu~a~ a~tl~dTronS t0 i~Y O~ thR !R ~ ~sany ~mprovements the~eOn nntROUt the wn~t~~ Consenl 0/ tAe ASioc~~Uw+. i~+A ~n t~e eve~t ot a~v v~aanon o. atte~.+pt to v~aate tnex st.pu~auons o• anr o} !hem th~s mwtgage and a11 sums secured hareDy sha~~ ~m~ned~atNY becOR+E d~e and psYab:e at ine opt~en o} rne As;.x~ar.o~ 9 i~+at m case of a del~ult m~ny O~ tAS terms of th~S~R+wtpa9! snd th! 1d~ny O~ a W~: to 'wedox tms o~ any otner mo~tydgt e~tumbenrrp t~+e wrthm deStnbtd pr~.t~ ~he Assoust~on sbsll be ent~tled to sppty. ~~ ~ny t~me w~tnout not~ce pe~+d~ng sutn fo~ecbs~ •r s~~t to tne co~•t nav~~.g p,*~xf.cr~o.~ thereo} fo! tr+e ap pointment O} a r!C!w!r Of ~~~ ~~d S~n~i~ir th! mOrtp~gW yOplrty. ~nQ O~ i~l th! rlnt5 ~n~OmeS D~of~tt ~si~es a~d .e~e~ues tnerep! bU**+ whdtSOtvlr Spurt! ~dE~~vld d'~d lhE~lupOn. ~1 ~s M~~ey a^wesshr covenanted s~+o apreed tn~s tne co+~n s~a,~ +acn~:in an~~c a~ece~.e~ O} Si~d ~+t0•tgdgEA V'OpE~ty i3~ ~nd smgu~a•. a~+d o~ such .e~ts. ~neomes. prot~~s. ~swes ~nd revenues thereot hom wnatsoeva sou~ce de.~.ed w~tr t~e usua! oowen a~+d dunes o} rece~vers ~~ ~,ke cases a~*d Suth appo~ntment sAall bp msd! CY su:h COUrt if ~ m~t[er o} st~rct nynt :o the Assoc~at~on a~~a a~tt,o~t .e'ere~ce to tne aaruacv o~ ~~adeawcy o~ tr.e va~ue o} the p.ope~tr hereDy mprtpsged a to the sohe~h o~ mwivency of tne Mortgago- a~A tnat suc~ rents p~o'::s :.+comcs ~swes a~o .eve~~,es s!+a!~ be appbed by such .~e~~e~ to th~ psYme~t o~ t~e matpsQe ~rMebtedr.ess costs a~d cha~g~s a~:o~a~ng !n tne CI~t Ot S:JC~1 COJ't t O Thas ~n :tie !~•e~t th! D~~m•s!S hlreby mOKg1plQ a s~v W~1 thereof sha~~ De cor+demned a~A ~aken unoe~ c~ powe- o~ e~*+~~e~c doma•n ~hr Assouar~on s~a~~ have Me nqnt ro Aemand Mat aU dsm~s awa~deC }or the 2ak~ng M a~n~ury t0 52~d D~Em~S~S 5!+d~~ De Dd~r} i0 !'~! Assor.~at,r+ ~ts succesw~s o~ ass~Q~s up to th! amou~t in... u~~a~A o~ th~s R+wcy~pe. sr+d m~y be spp~~eo to any sums Eas! payab!e ^ereu~de• 1 1 ~nat t~me ~s o~ the essenca o1 tn~s contyct snd t1+st no wa~rer o} any oD~~gauon !,e~eu~e~ O~ G~ 1h@ GU t~'dh<J^ S@CU'B(: '~P~Bby s~a at a~y t~~e tnereahe~ De . npld to be a wdrve~ O~ th! tC~mS h~repf O~ Ot I~t p~om~SSOry nOt! 5lCUreA h!r!D/ 12 In The eve~t o} an~ de~au~t ~n a~y ol tne tefms oi th~s matpsqe O' ~~ t~! ~ot! StGUrotl he~eDy d~ti d~CC'P~dT~-0•' Dy t~P '~O~J@~ O~ d~~ o?'+e' 5~...dt~0^• :hdt wWJd rause ~ne mteres~ os:d o. paysb~e unde~ tn~s ob:~yat~on to eaceed tne ~~tlrttt r~t~ ~utho*aetl b- ~aw t!~eR .~ such eve~t a+ eacess ~~fe~est fne~efo+o~e w~ sna ~ c~e c~eA:reU to ~~•~apa' aM a" accruW a~d :.rps~A eueu ~~tuest sha~~ aDate a~A s^~a-~ n~~ be e~- uC ~qa~ ~• :,~ toe ~^ete• p~ o' a^r ot~e~ pr~w~~ ~ 3 7nat to tne'e•te~t oi the ~MeDtedness of trre Mo~tpspw ro tne Assouat~on tlesa~bed ne+e•~ o• secu•ed ne~eov !~e Asvx~anc~+ ~S 'i2'fbV SulN093:ld t0 th! !•e~ w~~ens and to the r~yhts of ~ne ou,ryr ~nd hotde• ihtr~ol O~ Nth sn0 lvery mort0sp! i~e~ o~ othe* encumb~a~ce on tRe ~and Cesa~bed ne~e~~ w~~cn ~s Da~d s~d sat~s}~ed ~n whole o~ ~~ part, out o~ the pxseds o~ the ~wn descnbed here~~ o~ sec~~eG nr. eby a~e +he •espeu~ve ~~e~s o~ sa~a mo•tgages ~~ens o+ othe~ e~ cumb•ances snau be. sw rr+e ss~++e s~+o eac~ o} tl+e!n he~eDy ~s p~ese~ve0 a~d sna~' pass to a~d be ~e'~d bv t!~e Assoc~at o~ *e~e~~ as secu~~ty ~w tne ~n de0te0~ess ro tne Assouabon ne~e~~ dest~~0ed p ~e~eby secweA to tne_ume e^te~! cnat ~+ wou~A ~ave Dee~ p+ese~ve~ a~W nou~d ~ave been pasxd to a~d 5ee~ he'd br rne Assoaatwn hsd ~t Deen duiY ~nd •ep~tarfy ~ss+y~ed t~a~s~e~~eC x! o~e~ a~a de:~ve~ed wro ch! Assoc~a~•o^ by seaa~ate aeed o~ ass~9~men! ~Otw~MSta~d~ny t~! bCt that t~! Ssm! ~+ly b! 52t~s}~etl snd cance~ied o} ~eco•d ~~ ~e~ng !IM ~n!Pn!~pn o} t~e pa•res ~crem that tne sa^~•e vw ; b: sa!~s~~ed a~d ~a~c!:!e] o~ reco~Q bv the M~eers tne.eot at o- about tne ume o• che reco*C ~g o' r^.~s To•~gage 14 Tna! ~f any Of 7n! SumS Of m0~lY h!rl~n rpferr~ LO De nOt DromCtly ~~ fui!Y p» wrtn n tn~.tv ~ 30~ ddVS ~e.t a`T.• t~e sa~^« se.era~~.v become ~iue and paYaD'e o• ~~ rach a~d every t~e st~pu~st~ons agreeme~ts co~+Gtwns a~d covena~ts o~ saK7 p~o~~sso•y ~ose a~tl m~s ~u•cgeye o~ e•!^e~ a•e ~oe Ou~~ aer!urmed com pi~ec w~rn ana an~aed b~r tne agg•eg~te wm u~+pa~d uMer ss~O Orom~sw•v ~ote a~+d t~~s To•cgage s~~a ueco~e oue a~+C pa,eD e fo~tnw~cn o~ tne~ea!ter sc tne opno.+ o~ tne Assouat~on ss fuay a~d co~*w:etehr as ~~ sa~a apq~epate sum e! ^~ney we•e o•~g ~a'~v s:~uv~aced to ~ ca~d on s~c~ Aav a~~r!^~~g ~n sa~d n•~m~sso*v ~otr o• ~e~e ~ to tne contrary ~+otw~t~sta~a np 15 Ttiat ~~ o~Ae~ to acce~e•ate [he matu~~ty ot the ~~+deDtetlr.ess ne~eDq ucu:ed beca:.se o! tne `a -~•e o• •~r Yo•tqa;o• +o ~a. a^~, ta• assesv^e^! ~~aL~'~t~ oD~~ga t~on o• .nru(^b~ance uMn s~~d D~oDe~tY as ne•r.n p~o.~aed ~r shau not be necessa~~~ ^o• ~eo~ s~e ~~:a~ ~:,e A,su:_ a• ~,~ s^n ~ l•yr pa~. tne sa~^. 16 Tha; ~~e absbart or a~s;~acts o~ nt!e covenng tne me~tgaped orope~ty s~a~~ ac a" !~~•es a~•~~g t^P ~'r o! th~s ,•~rr~age ~r^ a~• ~~~ t^e possesso~ o} tne Assocratm a*W ~~ lvEnt O~ th! ~O*KIOSU~! O~ tA~S mo•tgage o~ ot!+e~ us~s4~ o~ t.r!e so 4^P T~Y!gapea c•ocu•!. ~^ ~•+~• ,.: +" •^e~r ~+ ~^P ^a?b+eC^rss v-wM fierebr an •~qnt t:t~e a~d ~nterest o} tne Mo•tyagw m snC to a~y sucn absraas o~ r2~. sna" pass ~, ^~e o~•:^ase~ o~ g•a^cee 17 Shou4f t~e va~~d~tv or i~e~ oi th~s mortgsge w cne note secu•eO ~herebv be ca+teste0 by r.gat o^ o. ,rtie.v~ ti~ •^e ti'o~:ga~,~ ay~ees ~o pa~. ~o ;.e Assoc~ar o~ r~P cost o~ ~•}.~+d~~e crt. same ~~dud~~g s reaso~sb'e steo~~ey s tee 18 7o c~v au a•,d vr.gular [ew costs charg~s a~d e^pens:s ,n~~uA~nq atfo•nPV a~~ec .Pasu~an!. ~• ..,••~.•• ~;, ~„~:,; a~ +~, *~~,F ,,, tt s+ Acan:..at,••^ t~nr.ause of tne ~a~!UIP_ Ot .!1P_ Mortgago• t0 PC//p~T COmWY w~t'+ 2~1f~ 2~~ ~~aC~l d~Q EV!!fy rhP ST~p11'-dI:!'~^S i:~•nor.rrTC .i.•,n ..~.r~S i•,.~ . r;~o:~dn.TS n1 Sd~~1 i`*nr:•SS6~Y !~ntC d~d th~5 mOrtpd9! O~ erthe+ d~ CvQry Sut~ fl~Clpt f0~ 1M pdyml~t o1 t~e monMly mt7d.~~• ::^• :3c •aq~,.cw! !y, !! r P•r,m.cu~ry "~~~to t~d~' bed' ~MweSi ~~Om ~tate 21 1~+C rOtE o/ erqhfevn ~vr r.Pnt 11B"~.r ~r annum unO~ fu11Y Od~d ig Tht ASSOC•dbon S~d~~ hivl~ t~~ ng!~t D[ ~ny t~me ~M }rom c~me ro t~me and w•:hout non~e to o~ co~~sr~~! o' a~,~ ;:e~su•~ ~r, a~e•ease a~r uo~*•o« o• tne p•em~xs from the Den o} th~s mo•tgagl. IDI re~tas! s~y plrspn hsD~e ~or psY~^ent ot any ~nAe~tea^ess sece~ed ht~~bti c e.tN~n t*•e t~~..r, of oa••^~e^t o* a~•er the terms o~ parme~t o~ a'.i o~ anv w~t o~ tne ~ndebtetl~ess. w~t~ait aNect~~y o• re~easng the pe•so~a, ~au~~~tv o• a~~ ne: so~ ab e~ot^o* :na~ a~ti pe•so~ ~e:eased pu• suant hereto~ ~o• the O~Y~*e~t O} ~ny Sum 0+~~:e~esT sec~.ea ne~eer a~+d w~c~o:.t ~n a~v w~se a~te^~~g oa~v ^g o~ G~T~~^. s^~~y !ne ~o~ces e"ects o~ ~~en o~ t~~s mo•tgage on a~~ t~e D~Em~kS n0l SplC~fiC~~ly ~e~essed from sne I:e~ o} tn,s mo~tgage br tre Assooaro~ 20 Any ag.eeme~t hereahe.~ m~d• py Mo+tgigor snd Assoasta~ pu~s~a~t to in s mo~tgage s~a~ be s~M' ~• ro ~^e ~ q~~s o' t~r ~o~de• o~ a~r ~`P~ve~~~y ~~e~ o~ l~CUmhranCe 2+ Vnon .e~uest o~ Mongagor the Assonsno~ m~y, ~; ~ts w~e oD=ro~ !~o~+ n~+e to t:~+e be'o•e +,. aa, ~~e^e o' a' .:Pb:!-~^ess sec.•e~a ne~e~v ^ a4e !u•She~ aa va~ces ;o Mortgago.. Drov,ded ho,neve~ thst the teis~ p~~rrpa: xcu~ed nr.ebv ar.d ~eTa ~^g c~pa d: _~.o ~g a~ti cu'~ ad.a~ces s'+a~ ^o~ a~ a~y t~me e^ ceM th! 0~~~~nal pnnC~pa~ w^f secu~ed ~e*eby Monp~por sns~~ ~sy a.! such ~urtner adva^ces ;v~~r^ ~^r.~est a~r1 ~ne saTe s~a'~ De s-c~•eC '+e•eD•~ A~~ prOr3~0'+S o~ sn,s mo.tgage sha~~ aaWv ro ea~~+ turthe~ sdvs~+ce ss we~~ ss to a~~ ot~!~ ~ndebted^ess secu~ed nPreDv 'vo:~ ^g ^e~e ^.n•~C0'~ed ho~neve• sha~~ ~:~~t !ne amount Setu~Cd by th~s ~*wrtgage ~~ such ~mou~t ~s ~~crqse0 by ~dvs~ces m~dt trY t~t Asso~~at~o~ as ^e•P:~. o se.v~e•« P~nv~(~o!j Ipr ~O O~nSrCS 1!`! SlCU~'TY 2Z If1 T~G PY~~1( L~ MO~L~90f IlCtelfl or any wbseauer+ Mo'tyayOr o~ 2ny p~rgpn O~ CO~jxMdr.nn .,wn:nq ,~~y ,nr . i • yv'+atc~w~e~ ctir.~,~ , nn:_,~~^t~or ti,p ~:rp;w•ty Mre~n mort~pC~ by an ~nstrum!nt commOMY r~fenM to a~+A 4nown as a wran~ar~und mn•toa7v w.~r:,n~rt }rt• ~,fi!a~,n,nV ~he wntten ~pnwn! n} rne A~cnoa t~«, th.n ar f+~e ophon of the Assx~anon ;^e nb'~gaho~ SPfU•M nv rh~s M~i~suar.a c~?'~ ~ mcA 3'r~y r.M~n-..P -t"~ ,~-f ra.•~:~~a 23 To prnvate the Assoc:at~on vr~th Fippd Irrsu•ante Coveraqe ~~ Trte •ea: DrePert~ ,c ~nw ~• ho•eahnr .!Ptc,~,~~P.t !n ::~. ~.:t~.~o a~cw:~.r~ /I~vY1 ~Al3'(! d'?d aC SMW~ on f~oorf Hara~d 9ourtdary Map-Ftppd t~y,.ance Rate Map as [wb:~snref M, !nP ~edo•a~ !~s~,•a~co a~m,r,~r,.ar~~~ 26 At the r~uest ot tne 1AO~tgspa. t-+~ Assoa~tron ep~NS to ws~w tne Wov~s~o~ o~ w~sp~aph <~e~at~ve to tne creafon of a ~aia~d ~~wrance accou~t p~w~AeO howlvlr ~h~t tha AStOL~itrOn ~etimf tM nQht. it ~tf Opt/0~ !O t!-~~St~t! SuC~ pOV~S~W+S Of S2~C pdr~g~iph 4 a5 A~ Ob4ga!.On O~ the MOrtg~gO~ ~Rrou~dl~ upW~ ene tisone~~~g or a~r o~ cns rawnnny - A fa~~ure to mnke a~hr psY^+ent rpun~d u~+dK tM t~rms o~ the ~+ote on o. De~ore ~he due date !~e~eot 8 Fs~lu•e to comdY ~th tM ~~wr~rx.~ prov~spns o} p~npnD~ 3. or o~ ~ny ot the othe. te~ms and cond~t~ons o! t~~s m~rtgage o* ~ote o~ n sn t~e +nso~s~ce •eQU~•ements conU~~+sd ~~ tM Decta~atan of Co~dom+nwm and rs~ated tlocuments srwutd tne mortgsged o~ope~ty De comm~ttW to con0om~mum dev-, ~op~+~e~t (C~-~•n ~ T/P•A , . , MLCA 47 - - - __ -.~ a~ 3~fi Ps~ 76?