HomeMy WebLinkAbout24347. 11 owy ol ~M -~~u of woe~r A~~~in r~l~n~d ro b~ no1 p~oiuptly o~d Ivll~ poid r~tAin lift»w I1Sl do~n n~al ofNr tA~ qM Mruolly ~coiM dw
and poyobM. w H wcA ond ~Nry tM 11iPY~Ot10M, 0~~~~IMOh. cond~tioe~ ond cov~nonM ol wid p~osi~lory wpN and IAi~ rworlpoy~, or ~i1M~. or~ we1 d~hr
p~rfa~d. to~plwd wilA ond obided Sy. tM opprpol~ ~ue~ n»nt~oMd iw wid p~aniuory eo1~ ~Aoll becaM dw ond poyopM faMwiM w N~~r~iq~ 01
IM opliow ~f dN Ma1p~~. w Ivlly ond cowpkl~lp o~ il w~d oy9r~aN w~ 0/ wonhr ra~ ap~~ih .~„a~.e ~o e. vo~a o~ wd dqr, o~ythin0 is
wid Pro~iwar ~ob w Mniw l0 1M conuo~y wohiMNundi~.
~. Te d~lira 1o wid INorl~oo~~. on a b~for~ Morch 13M e( •«A y•or, toa nc~ipU ~.id~eciwo tA~ por..n~ e/ oN b./vly i~poMd Ioa„ fo~ 1M
pnc~diwo col~wdor rwr, te d~li.~~ ro wid .~No.+oo~••, r~c~ipK ~rid~eciny th~ poy~a~! o/ oll (i~es !w p~btic i~prowwNea MiMiw niMl~r Iq0) dopt ofN~
fM ww~ dwll b~co~ d~~ owd papobl~ ond b poy or di~cAorp~ ritAi~ nin~y 190) dop~ oihr dw doN. oa~ oed oM yovu~w~~~ol briN Mof woy b~
~wod~ e~ N~. .o.tya9•d pop.rr. on fAi~ rworqop~ oi nol~. or in aey o~h~r rray ~~wllinQ fro~ ~M,Mo~~qoy~ i~bqdn~u wcvr~d bp Iwi~ wo~t~p~; owd
~f Mi~ coodition be wo~ cowplad wi~A ond p~rlor~wed. ~oid wa~qop~~ wiey por wcA ww w wws vrhicA ~Ao4 Mcow~ poA ol tl» d~bt wtvr~d bp ti~ii
a~wt0oy~, owd ~holl beor inl~n~l 01 Ih~ ww~ rob oi th~ naNpoy~ noN. Poyobb w~i-onn,~olly vntil pod o~ wid Mo~tpo~ ~oy •MN tAo! wid ~ort-
900~ debl IMrwpow MtoaN dw ond poyobl~ /o~thriM.
9. It if 1rrtA~~ tov~nonted end opr~~ by wid parti~f that in IM ~v~e/ of o~vit btin0 in-tit~qd Io (w~cbM Mis ~orl~o0~: tlN MoHyopN slw4
A~ ~nlitbd b opp'y o1 aey t~a~e pendinp wch fo~ecb~vr~ fY/~ IO II1~ canl hor~np ju~udittion ti~~rwf ler thr ~appoi~fawl o! a r~piwr o( OII OMI M11~Y{O~
rA~ worrpop~d prop~ry, ond o1 all ~A~ renM. ieco~~. Prolils, i»u~s ond r~v~~u~~ M~rwl, fro~ v+Aotswr~r wrrc~ d~riv~d: ond MNwpw~ if is h~hby
eapr~ulp covenont~d and ay.~eu ~hot M~ couA shall fortMritb oppunf o r~c~i~~r ol wid ew~tpoq~d prop~~fy. ol) ond ~ieqvle~, oad ol auch r~nf~. iw~
cc~w~s, profiri, i:~w+ oed r~renu~ fh~rwl, fro~n wko~w~wr ~ourc~ d~rir~d, wi-A M~ YLYOI Pp1v~/1 ond dutat e/ nc~iwn ie lik~ cows; ond wch op-
poiwlw~n- ~Aoll M ewd~ by ~~ch cw~t ot o mo„~~ o/ ~tric~ r~yht ta M~ Mo. ~po9N, iM succ~swn, bpal r~pr~scnlotiws a ouipnti ond witlw~l nf~r~nc~
b M~ odp~oep o. ~~od•a~«y of M~ volu~ ol th• pro~e~ry A~~~by nwr~pay~d. or b e6~ wtr~ncy or i~whr~eey o1 IA~ Ma~Oepo-, oed Mof weh net,
pro(ifs, inco~~. i»u~t and r.renu~f sholl b~ applitd br sucA r~c~iver ro Ih• payaKnl ol !A~ wortyop~ indebNdw~u, co~b und d~o~ON„ octordiw0 lo
~h~ ord~r p( fuch court. ' ,
10. Upon oey d~loult under 1h• aw~lyop~ note o~ th~ wortyop~. al ~he op~ion of M~ Iwld~r oi 16~ nrortpop~ nof~ tlw uwpoid bola~c~ 01 1M
narqop~ no1~ ond aey od.onc~s .wod~ ~nd~r i~, o~ th~ nwrpop~, ~op~th~r ,ri-1~ :nNn~-, aAoll buonN d~e e~d parobl., ti~ b~in0 oi 1b~ ~uenu o/
tAis coefroct. Anr Woi+er ol o~r ~y~~~~ unde~ th~ nofe or na~fpoo~ o~ ony ifwN fhall nol, ol o~y oM~r fi~. be bk~~ b M o woiwr o/ f1N 1~rnq 01
~h~ not~ w wartyoye, ond th~ «cep/anc~ 01 poye~anh rpon wid ind~bNdn~u shall nol conUituN o rraiwr of M~ optiow o! M~ Aold~r oi fM wob M
oa~.'~ra1~ r~porn~n/ of 11~c enNr~ unpoid balanc~, unl~fs th• holder ~ip~enly yronb sucA waiw~ in wntinp.
11. li oll or oey parl o! ~h• proper~y w oe 7nt~r~s~ th~rein i~ soW or ~.o,,,f•.~ed br sort0ope~ witAwf awrtpopN'f priw wrilhn coni~nf ~aclvd•
iny lo) tb~ crption oi o I~en ~~ encuwbront~ subordinole to ~Ais ~+o~tpop~. lb1 a tranfF~r by d~riy~. d~~c~nt, w by op~rotae of lorr npon 1M d~o1h o/
o joinf teoont, or, (c1 -h~ p~an! ol ony I~ot~hoW iet~r~t~ o! thrN i3) y~ars or kti~ nol conloinieq or optio~ b punhos~, a(d) IA~ crtolion o/ a pYr-
cAos~ awn~r uc~rity ~nte~esl for houwhold opplianc~s, monpop~e awr at wo~lpope~'s oplion, d«br~ oll s~~s tiecund br ~his n~ortyop~ to b~ iww~dioMly
du• ond poyobi~. Monpoye~ sholl hav~ woir~~ ~uch optioe b acc~l~rot~ only ii. prior to 16~ wk o~ uon~fer, worfpoyM ond fh~ pawn b wAoiw M~
PrepeAp is Io be sold or tron.le.red reo~A opr~cT~nf in ~r~itinp Ihof svch p~npn it a quoliti~d bor~owe~ b Ih~ sofis(oclion o( ~ofpopN ~a~rcif~d
in ib sol~ diur~tion ond eha~ cny modii~cations o! tei.~m of tb~ morpoq• {oon os or~ reqvired br swqoQte lw iri wl~ ond obw{uN diunlion which
modif~ca~ions awr inclyde r~tAout I.mifotao tAa ro1~ ol ~nbr~it payobl• on Ih~ sva~s wcvred bp M~ anrlpop~ to o raq os nqwstsd !qr wotlqoqe~
how be~n op~eed ~pon. -
IF e~wtyopN eae~u.es such option lo orcelerate, a~orfyoy~~ sl~all moil nartaoyo~ nofic~ of oct~krolion by d~posifinp wid MtMr in /i~~ Unittd
Slat~s Moil, postope p~epo~d, lo ~tie (ollowinq odd.~u:
SucA notic~ shoil pro~~dc a~uriod o} nol bst thon thirt~r 1301 doys 4om th~ dot~ tA~ notic~ is .woiled, wifAie ~rl~ich nwrtpoper nqr pop t1N ww d~--
clared due. 11 mortyoyor loils to ~ar s~ch +u~s prar lo ~he eapi~a~~on of s;xh period, M~ Ioae sAull ~ in dstwh ond waApop~~ ~oy. wilho~rf turtMr
notic~ or deaand on mortqogo~, inro~• ony ~emedirs as prorided for Ae~ein vpon Ih~ ~wnl ol defoulf.
Anr woiv~r of any po~r~nenl vnder Me eo~e or mortyoy~ a/ any tim• sholl no~, af ony oMer tim~, b~ luk~n to b~ o waiw~ of fh~ Mra~s of fM
noM or ~o~tgop~, and Me oc•eptonc~ of parTent~ ~poo se~d ~nd~bt~dn~ss aho11 no~ conitifvN o~roirer o! th~ option of th~ ~orlpopN b ou~lewN
tht ind~btedneu aa pro~ided fo~ herein.
lI. 11 • co~.ers~ce ~I+outd be ~n~de b~r ~he ~nw~qaqw ol ~ p~rn:se~ her~~n deur:bed, a~ny p~r~ NKreo/, and shoutd tF» yqnl~e a ~ny wbw.
q~ent qr~~~te under s~~d convey~H~. who Ms ~ss~wnrd M~ ~nortg~qe ~nd ~ndebr~d~tfs. be in dtl~uh by wrtue o~ •~fKI1 p{ aqy oi fh~ pwisipq
or tA.s ~natqa~ a ~he pov.~~ons,ol ~ny asiwnpt.on ~qree~nenr w~tA ~At rnatq~qee, wAtth~r a no~ Nid ~sswnpeion ~yrt~eneM eq~fits 1ht 1Kn~t d
Me nwi~g~ge ~nd ~ndeb~ednes~. ~hen ~nd ~lurelwe. ~Ae ~na~9~9w he~ebr co~seMS ~o ~~awnpl:on ~nd ~ht porisionf o~ any auuinpion a9raNnent witl~
M+e ww.~q~gee. ~nd ~o ~ny rnod.l.c~e~ons of Me rern.~ a ww~sw~s o1 d+e n.onqsq~ ~~d ind~b~edn~ss ocu+:oned bp wd ~stuenp~~on aqr~n~nt ~nd dwa
fw~he~ Mr~by q~~n~_ ~he .na~q~qee Me ~.qM ~o q~~n~ e^~e.+s~o~s ol nn+~ ~o w:d y~N+N~ w~tAp~ eMific~tion ol, vr:fhaA Nw con~ent of. and wilhaM afiM-
~~y ~he I.~bl~ty ol d~e a~q.nal mo.~qaqo•. o. ~n~ iub~eqven~ nw.tp~yor.
1~. When ~ehr a~noun~ ol nwrK~ eo be p.d by ~he ~no.~q~qor ~o ~he wa.~q~9ee undt. M~ ten~~~ Ae.eof sAaM b~ in dehuk, w~hadd tAe naAgqor
d~/~uh ~n ~nr ol ~hc otl~er ~er~m. O~ov.sans a cad~~.om o1 M.s nw.~qe. ~Mn in ~h~f c~N tAe nar-q~y~e s~afl Mw th~ rgM, wi~houl iw~ic~ b th~.
R+wq~qa. ~o cdkct ~nd ~ece..e I~on. ~~y 1lMIN p kssce o} w~d mo.ty~yed penrKS rAe rer.h. ~s~u~s ~nd prof~N oi the ~eal e~~~N hereby n~o~t~y~d
•nd tht rnp.. .:m ~hereo~. ~nd ~o q.e pope. .ece,pt~ and ~cqw~unces therelw. alk. WY~^9 i~l carnw~s~on~ ot ~ny renal penl cdkctinq th~ wme,
~~ ~nr re~wn~bk ~~~a~yi tees ~nd aher necesw~y e^p~n~es ~.u~,.red ~n coFku.nq san+e, ~o ~pply ~M proc~dr d sucA cdMction upoe~ any indebld~
ne~s. obl.g~uan a I.~b~Lry, of -h~ .nw~qago. he.eundc. ihe rgM q~~n~ed the enatq~pee w~de~ tltis p~r~pr~ph ~Fyll b~ in ~ddition to. ~nd shaN eol limit
a r~.u:c~, •~r ahc. r~9AI a~~9hn y.~med ~he rna~9~9ee %n tA~s ino.rqage -
11. TMt r~ ~he e.eo~ ~he p~enau~ M.~by nwr~pped, or ~ny p~.+ eAe~wl. ~h~ll be cw~d , . 1~nd ~~l~n la publ.c uw w~der ~M pow~r of Nninent
dorw~.n. Nw Mw~ype~ sA~ll A~.e ~Ae r.yh~ ro de~nud tM~ ~11 dMrtap~~ ~w~~dtd lor ~1~ a-rq ol ~w dwn~s ro s~d prenwes Y~II b~ p~id q tlr
Mo~t9pM vp w N~e a++w~~ ~Mn ~npa.d on Mas ew.~yp~ ~nd .a iM op~an ol ~h~ Mwrypee ny~r be ~pplwd vpoe M» p~ynw-1~ IMt pqr~M d»eron.
13. Tlw ~no.ey~por S.nd~ A~.na~l( no~ b ~r~ct a p~rrnif b b~ ~-ec~ed ~ny new br~ldw+qs on d~e prew~~~es Mrt~n niwpp~d w/o add 1o w~enif
a b~ ~dd~d ~o ~nr ol ~he e^~~~~~q .~w~~ntnn rAe~eon o~ ~n~l~ «+r d-~eq~s o~ ~IKra~a+s ~n w.d ~ove.we~n wAid+ nNhsylly cfir~q~ Nr s~ w t1r
u» ~Mnol, walav~ Me vr~aren consent of ~M Morfpp~~. ~nd ~n rM eveet ol Mtr va~~an a nKeep~ b vaAN ~his ~tipubtion d+is worqp~ ~nd ~N
w~n~ wcvr~d Mrt~ ~A~11 .m~ned.nelp become dw ~nd wlbct~bb ~~ dr oPtipn o1 IM Maqp~~.
11. 1~ a p~ufK~11y p.eed ~hat ~inw N of eM ~ss~nc~ of ~s oonNact ~~d dw~ no w~ivN o1 ~ny oblp~~ion Mr~ or of 1h~ oblipnwn Mcwrd
Mnb~r ~MII ~1 ~n~r ~«n~ be heW b D~ ~ w~ivt~ of iM Nnm I~w/ « 01 Me .ruvnrwf wwr~d Mrear.
17. !1 (o.ecbw~~ p~oceed~np~ 01 ~ny ~eco~d mortyp~ w~econd twr~ deed o~ ~ny hrn.or Iwn oI ~ny ~~nd ~Aould b~ iirtiNad, ~ Matp+p~~ wwY.
~t in oPt~on. rn~n~d~nely w ~M-edi~r d~cl~r~ M,h ww.~pay~..nd rh. .~deb~.dne., ..cv..d he.•b~r dw .nd par.bM 1w~hwilh. ~nd w~ N Ns oPlion iroa~d
10 /OrKIOM Ihi~ nqrf~~.
1~- Te Nw ~^~em o1 ~M ~nd~btedneu o/ tM Nbnypor b ~Iw 1Mo~~pp~• d~scrb~d M~~~n a wcv.rd henby dw Mw~Y~ M~~ ~O~Nd b
iM Iww w I~em ~nd ~o NK +~hn of ~M owr~n and Aolden ~+e~~of of e~ch ~nA ~wry ~+wt9~ge I.en w o~her wrcviwb~~nu an dN I~nd d~~cr;b~d h~nin
wA~ a pad ~nd/or s~nsfKd :n wlwl~ or in pan out of rM aocNd~ ol ~h• b~n Aew~bed herdn a s~wrd henby. ~nd tiN ~p~ctiw li~ oi yid
narqp~s, li~n~ a o~tie. r+cv~nb~nces si~~t! M~nA tM ~~n» ~nd ~act+ 01 Man M.ebp n pesened ~nd ~1 p~u b and bt MW br 1M Mor1~p~~ I~M~in
w s~cvnt~r for Mt .ndeb~ednes~ ~o ~M Matqpe~ M~e~n deu~~b~d w Mr~bY wcw~d, ra N~e a~ ~aren th~t it wouW Mw b~a pn~e~wd ~nd warW
Mw bM~ p~~wd a rd ~e~ 1+eW br rhe Mor~qpe~ Md i~ b~~n dul~r ~nd rpulaly a~:9n~d, n~ndernd, sH owr ~nd deiiwr~d w~to 11y MorqpN bY
Np~-N~ d~~d ol ~sapn~nenr no~w~r~s~~.~d.nq M~e i~ct tM/ tA~ ~ann rw~y b~ s~~~~(~ r+d c~nctll~d of ~~co~A. ir b~inq eM MNntion of th~ artiN Aw,Me
~Mt ~M •aiw~ wilt be sa~~fNA u~d c~nc~lled of ncord by ~M Aold~n ~~o~ ~~ o. ~bovt N» t+n~ o/ ~M recadinp of IAA wionOpe.
1f. Te pay ~U r+d ~~qutM. n~ co~~~, du.qe~ and ~a~nws. ~ncwA+q I~wye.'~ he~. ~rason~bl~r Y+cwnd a p~id M anp tMM b~r ~Iw
A~cw~t si ~he f~dwe o/ ~he Mo.~p~qo~ b perfcrn~, con~ply w~~ ~nd ~b~de br ~~ ~nA w~ry A~ s~~pul~tioM. +Y~~e^b, oonditieM. ~nd oown~nfa~et~i~id
P-awiwaY noN ~nd Mr~ deed, a ei~he., s~+d eve~r ~uch qyn»nM ~AaN b~a in~ns~ han dn~ ~~ dr ~w+~ aa ~s N~ nw~tpp~ noN.
IN WIINESS WFfEREOf. ~ wid Mwqpor Mnvnte NN Ai~ hMd «+d wN IAi~ ~At dh- aid ~r 1YN io» wrNlw-
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