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HomeMy WebLinkAbout0972 ..aw~~.¦ ~rn~irr l~~ 1~1t• »ufl~':!~„~•~' lll tU'l'~~1'~~tlli~'e• ~~'ll~l ly~~' 4)~l)~'l~t~~llti n( l~ir li~~lr ~t~~ llft'~~ ~:~•f~•~~\~. ~11~~ ~~tl\~1111'I!l ~1~ l~i~' i~ntirt~ ~ti~l~~ht~~~lni•;s rr}~r~•;~•iit~•il tl~~•r~•L~, th~• \1nrt~~t~r~-, e~: tr~i~t~•1•, ;linll, in ~~~tn~~utinR ill~• ttiu~~~~nt ~+u~•1: intit~l~triln~•ss, ~~rrilit to t~~i• n~•i•uui~t c~f th~~ \lurt};eiR~~r un~• ~ r~•~lit t~:il~in~•~• r~•iur~i~~iuR ~iu~irr tli~• pru~•i;i~~n, iui r~( ~tli~i E~ara~;rapl! 2. 1( th~•r,• .I~t?ll lu• u~li•fi~u~l uu~l~~r uii~ llir ~~n~~•t~i~~t~~ u( Il:i~ inurlRtt;~~~ r~~;i~l~~~i;~ iii publi~• sal~~ of th~• j>r~~inu~•, +v~~•~•rr~l li~•r~~h~, ur ~f tiu~ ~lc~rt~;u~;~•~• u~~yuires tlir {~r~~;,~•r,ti• utl~i'fN'1>~' il~lt~r ~I~•fault. thc• ~1c~rt~;a~c•~•, tru~tc~~•, tiiittll a~?~~Iv, Kt tlie tiiut~ o( th~~ ~•uinuirni~t•u?~•nt ,?~~•ti }~~'u~•~~~~~ltn~;~ <~r ~?t t)~~• tiin~• ti~e pro~~rt~• ~?tiu~r~~•i~~• iu~yuirc•ci. tiit~ tin~c~unt ttu~ii r~~ini?inin~; t~~ ~ rn~lit u! ~I~~r(~'l1R~~f UI~(It~r (et~ ~~i~rsiRrii~rl~ pmce~link ~~s a~•rc~dit on tli~~ ~nt~~re•;t a~•~•rur~l r?u~i iin},~u~l iiu~l tlii~ I,~ilai~~~~~ to ti,i~ ~,rinri~~al th~~n ri•i~~?ini~n~: unE,t?i~1 un sai~l nott~. 4. \turtKa~~~r «~ill pa~ all ta~es, :i;ti~•:~~n~~ut~, ~sat~•r rat~~;, :uid uthcr ku~~•rnin~~nt.~l i,r ~~~un~~~i~~.il ~~har};~~~. 1in~~s, ~~r impositionB, for whic6 pro~•ision h~ not. tx~en made hereinl,efore, and in defa~ilt tt~creof ttie Mortgagee may pay the ~a?nc: and ~~•ill promptl)' dcli~cr !hc ufCci.~l rrc~~ipts th~~rri„r to th~~ 11~~rt~.+}±~~~~. ~Icn-tt;.~gor will E~~~rmit. ~•c>iz~mit, ur ~uff~~r n~~ ~~~:~,t~•. iniEr,iirn~t~n1, ur ~I~,,~~rinr:~tiun ~~f ,aic1 ~~r~>~~rrt~~ ur .iiiy }~art th~~rc~ol~. F'sc~~{+t rc~.uc~niihlc~ ~+c~ar an~1 t~ :u•: :uicl in tllc• f~~•+~i~1 c~f th~~ C:~iiur~• c>f tht~ \1urt~;a~c~r tc, kt~i~E~ thc~ huilcling~ c>n :aicl {~r~~nus~~; anci thu;~~ lc~ h~~ ~~r+~~•tc~c1 un ::iici ~~r~~mis~~;, c~r im~~r~,v~~tnc~nts thrr~~c~n, in ~;c>od rc~~~air, thc~ ~ic,rlga~t~t~ m.iti' n~;ik~• ~u+•Il rc•E~air, c~, in it~ ciis~•r~•tio~i it m<!t~ ci~~c~n~ n~~c~~~>sary fur thc~ ~~ro~~c~r i~r~~sc~n~atic>t~ th~rc~c~f, ancl th~~ ftiti amuunt uf c~a~•h anci ~•~~~~r~• su~~h }~a}~m~~nt ,h~~ll h~~ du~~ .ul~l E~a}•ahl~• thirl~~ i3O1 d;?}•s aftc~r d~~?t~~tnc1, and sh.ill hi• s~~~~ur~~d li~• th~~ li~~n c>1' th+~ iaic~rt~~a~~~. 1;. \Iurt~;aKur n ill pa~ all :uid >ii~„ular Ih~~ ~•u.t,, i hctr~~•~. and ~~zp~~n•~•s inc•ludin~ re.+.;unabl~~ IiiN'\'Pr's f~•t~,, and c~~st; uf ah;tracL: of tiUc~, incttrmd ~~r p~ii<1 at ~+n) timr b} th~~ ~l~rrtka~;i~r b~~~•ausi~ ~~f th~• iailur~~ iin thi• p~iri nf th~• \I~~rtkat~ur prc~mp!I~~ and full~~ tc~ p~•rfum~ tht~ aKr~•emi•nt~ ;ind c~i~i•nant~ ;~1' sc~id pr~~n~i,~nr~ n~~tr aiid this murt~;a~;~•. <uid ,aid ~c~,t~. ~ harh~~s, :tnd c~p~•i~,E•s ~h.tll bi~ i?nmrdiatcl~ du~~ ~nd px~ abl~~ .uid ;ticili b~• s~~~•~~r~~d b~ thc li~~n uf ttiis murtk~+Ri~. ;.\l~~rt;;.~;,~ur ill cuntinu~~u:l~ maintain haz.irci insuranc~~, uf such t~ p~~ ur t)~p~~~ cu~d anuiunts a5 \lurtRaK~•~~ mn~ fr~mi tun~~ tv tim~~ mq~lirc~, un the imprc~~i~n~~~nt; n~,~ti c~r h~~ri~aftrr on ,.~id pmntiscs. an~1 i~~c~~~it ~.+•ht•n ~8~'Illl~nt fur ~~II ~urh prtuiiums h;u thf~mt~~fur~• he~•n mad!• imder ~a? uf parakr.+~~h ° h~•r~~~~f. he sh~• ~silf pa~• p:~~mptl~• ~~~hrii du~~ an~ pr~~miwn~ .hi•n•f~~r. :111 insurxnc~~ ,hnll be carricd it~ i•on~panie, :+ppr~~~~~d b~ \lurtkat!ri• a,id !h~• pnlici~~~ ,uui n•n~•~~~als thrr~~i>f shall br i:rlii b~ ~lurt~ci~~~~~ ar.d ha~:i~ atlach~~d Iht~rt~tc~ luss pat~abl~~ clau,~~, iii t~at~ur ~~f and in f~~rne ac•ct~ptabl~~ t~> th~~ 11c~rtXager~. li; ~•~.rnt c~f tu,s h~~ she ~sill gi~•e imm~~c~i:itr nc~tice b~ mail to ~fi~rt};aKe~~. and 11urt~;a~;t~e ~na~' m~kr pr~~uP Ic~s~ if nut mxd~• pru~npll~' i~~~ \Iurt~~tgor, and ~~ach i?2surancc~ cumpan~ r~mci~rni~d iti hc~rc~b)~ .~uthc~rizc•d and dirc•ctcd tu m~~k+~ ~a~ m~~nt fur ~uth I~r_:s dimctl~ to \t~~rt~a~ce instead uC io ~iorttia~~~r atid ~I~~rlka~!~•c• ~~~iiitl}, and thr in~ur.+ncc~ prr,~•cf~d;, ur ,in~ ~i~ir! iht~~~~uf, ma~ bt• applic~d b)• V~~rt~ag~=e at it; opti<~n a~ithcr tu thr mdu~~ti~~n ~~f thr ind~•b[~•dnr., hc~rc~h~ .~•~•urt•d ur ~u th~• re•s; r:~+ian ur reptiir ct ±t:~~ pr~~pert~ dam~+Kc•d. In t•~~•nt uf furrclu;un• ~~f thi; nx~rt~;a~e, i~r c,ther transfer ut titlE• tn thr ~~;u~t;,'ake~d nrup~~rt~ In t~~t+n~;ui;hrru•t~t c,f ~hc• ind~•htE~dn~~~; tic~cured hc~r~~b~~, all ri~hl. titl~~. and intt~n•,t ~~f tii~~ ~1nrt4~a;;ur i~~ ,u~d t~~ i,~,;ir;tnc~• p~~:u•~~~s then in forcc shall pa;, .u th~• pur~•hx,E~r ~~r grant~~~ . ti. ;f tl:~• E~it~mi;~~<_ c,r ,u~}' ~><<rt [hc•rf•~~f t~~~ ~•~>ndf•11111~'(I ~incl~~r th~~ ~~~nc~~r uf ~~tt~i~~+~nt clumain. ur ~lt'(~tlll'e'Cj (i~l' :l ~)Uf~lll' lL t'. ~.~1~` (~:tlll:i~`~'> :151"itF(jt'C~. i~lt' ~)Y~lt•t'~'(4~ t~;l' lll~' i;l}iI11F; t~~. ~)1' Iflt' t'OIl:i(~t'j':t11UI? ~i~t' ~u,•h a~ c~~.,~:itic,n. ?c~ th~~ ~~~t~~nt c>f ch~~ Cui', .i31~u,~nt ~,i' th~~ n•~;~;un~~;~~ ~~~i~~aic1 i,irlr~ht~~~ln~~•• >~~rlu•~•cl 1,~~ ?h~• [I1~~11C;it~(t'. ;:YC' Elt•i"1'{)A' ~iS~l~,rllt'C{ tO t~l'.' ~~OC;~:t~h't', ill?C~ ~7lr ~)Y ~11'1' ~:e'il'~ I)i' :L~>Ir,~ll~. :1l1(~ 5~1~1~~ ~1~' ~1:11U t'~~rth~t~iti~ t~~ ;~iid \lr~rtt~,~~!c~c~ i,r hi. ~~r hF~r .i„i~`nt~~• tr~ h+• ;~~~E~lii~cl ~~r _u~~•~n~nt ~~f th~~ ]a.t n;.~tin-inti ~:~;t<<limf~~,!~ r,f :u~~h indc~lrt~~di~~~~s. ~irca~~ici~~d. i~cn~~~~~~~~r. thF~ ~It~rt~~~~~f•~~ ~>r Il~~ ~,r h~~r a•,E~;~~f~~~. m.~~• a~ tli. c,i• Ilt~l' (~l~t'I'~'iluR ~),t\" C~lYI't'j IU Ijlf' ~~~)CI~~Ir'.~ll. ~lt~ ~~l' ~?t'1- EIi~IC• ~~1' :f~~l~~ll> .tll\' )li#1'1 OC :t~i (>t ~ll('fl :l\~'.U'tl: ~~?-~>l~t(~f•(~. I~l:~i lt ?~1~' ~U~LII :,~:i:lC~illl~•~'C~ ~~1' II1~tICt•(~. ;Ilt' ~'i:;l~i'Itl ~~i t~lt' [!U:tY:i:llt~l' ~)1~ 111>Utti'1' 1-. ~~~)?~i:l?l'f~ ill :,~l.~;in~ t~ ~>f ;,uc1 ~~a}-:ti~•nt. "I~l~f~ ~IurtksK~~c ?ux~•, t~t t?uY ~IILC' ~~•n+1~n~ ~uit ~.pun ttiis r.~~~rt~;:iKc~, appl}• to the c~~:~rt hx~inq juris~liction therrut' for the a{~~x~in?n~~•~:t uf a rec~~ici•r, ancl ~.uch c~,urt ~htilt fc~rth«•ith a{;poic~t a re•ct~i~~er of the prc•cnis.e~ c~i•:~~rr~d t~cr~~~~~• ali an~l =~n~;~~l;?r, inclu~ling all ~in~i sinKi~l.sr th~ Sncc~mt~, pr~~tit~, i~.~u~~~, nnd re~•enues fror?i n•luite~•t•r ti(~IiCCF~ ~j~ ri~~~~1, r•ach and ~~r~• ~,f ti~~hich. it brinR ~~xE~r~•~::1~: un~lc~rt~~~~l, ~s !~r~r~•hti• n~r~rtK:~qc•~1 a.g if speeifie:~tly Ret forth :in~i d~~~~rih<•~i in tF~~~ qr:tintin~;:in~1 h;ihr•n~l~~rn cl:iu~~•y h~•r~•~~f. ~ucii a~~~x~intrnc•nt ~hnli t,c mndE t,y such cc~urt.~..~anadmittt•~1 ~~~~i~~t~ sn~' a m:ttt~•r ~~f ;+t~~~~;n'e ri}{ht to stii~i ~1urtKaqee, an~i ~ti•itE;~~ut r~•f~•rence ta the adeqi~acy or inadequacy of j}:P :ri1:U• <i{ ~fll• ~)f!!~)'~CL}' [il~):tyJ~{Pli OI t0 t~lP ~~i~:PI~(`~' (~f I(IGi~'.~ (1~'~" (~f v81(~ ~~~,rtKss~c~r ur t~l(. r~Pfen~iants. .~uch r•~ut:~. E,rt,lit~. in~~c,rn~•. i~<ur~s, anci re~~enur~; ~hall hc• :!{~pliE•i1 t~~: suc~~ r~•cei~•er ace~~r~linq to the ]ic•n uf tt,i~ m~,rt~aRc tin~~ the pr:ictic~• uf ~uch c~urt. In t};e e~~ent r,f :Ln~~ ~ir•i:uilt r>n thr• p:~rt ~~f thc• ~ir~rtQaR~~r hrr~un~i~•r, tt~< <t:,r'K:~~,r~r r:Knc:~ tci par t~~ the ~tortRuRce ~~u il~rnan~l ,is r~~:~s~~n~it;',~• trn,:~thl~• r~~nt;il fr,r th~~ E,r~•nii<rs :~n x~n.~~„ct at l~~;t.t cyui.alriit t~~ une-±~sc•1.fth ;~~1, th~~ a~Kr~G:ite af tl~r t~1•F~lcc~ in~r.thl}' ir~~';:!lrn~•u?:= },:i~r.t~lc~ in th~• thr:i iurr~?at ' }'Pftf ~)IUV (}:P HCI11:1~ 1111u'~::?~ (iE i}il' RP.I]U:i~ Y:iXPS, fLS,'£•r.~•111('Pt.°.~ R'ilt~•I T,1ti"=~ ifi1~~ 1[1511:Rf1CC [)[PIP.S•.:ill~ for such : ear ~ rco'. cn~'c•rr•~1 t~y thc nf~,rr~:t~~? m~~nthl~: pa}•tnr~nts. ! In the e~•~nt ~~f an:~ h-~a~ti ui thi~ mnrt~;a~~ ~~r ~i~•frsult cm tt:r Part nf tl~r ~S~rtRa~~~r, ~~r in thc~ ~~•Pnt tlin?. i am• o` ~:u~! ~!~?:~,s ~,f mr~rir..r t~~rc•ii~ r« f~•rrc~~l t~, i,F~ n~~t pr{~1~~E~t1~' tit~;l S~~II': E~:~~~1 ii~~c~~r~li~i~~ t~~ th~• t~n~r h~•rr•nf, or in ihe ' evi•nt that c::ch :?n~1 f•~•«~r~ t~:~ ati~,ulati~,ns, :~~r~~E•tnrnts, ~~~n~1~ti~~ny ::n~i cu~.~~nrint~ nf <.u~1 n~~tf~ ;~n~l this tn~,rtRa~c, I i f.m not c1ul~•, pr~,?nE,th~, and fully ~x•rf<,nnt•ci; thf•n in ~•ith~~r ~,r t+r~•, <•~:~•ut, ih~~ •ai,l .ikRr~ R,t;c• sun~ m~•ntionr~~i ~ I? Fi1U.~ n~ie then r~?n:l1(llflE;'Yri~:~l•~, ~i'li~l litt(•fP>~ ;it'CfUP~j <<<'f7:t~ ~ilh!•, :i{l~~ ,4~~ lTt~;l~";S ~t•C{1'i'~: }:('[Pt~~'. ~fl.'i~T f~PC(Iltl( ! due fin~1 ~~a~::~t,1~• f~rt},:~~ith, or th~rc~afl`r, at t}~c~ nF~tiun ~,i ~:ti~l ~t„rt~a~r~;. ft;il~: :<<~~! c~~r.~~~i~tc~l~ i; all ~~f thr I !itl!1 P~Slil_= (1~ (11OIl~'C R'P!r +'1f1~~Dfl~It' ~h(?U~3!t~t~ 10 iN• ;+F:1~: UD ~i1C}! ~lri}', tlt~•:1~11I1~ tt~ ~;t!~1 il~~±i• i~~ S? i}tl~ mnrtK:,Ke to ~ t~iP ~r Ilt ,:C~' Iini'.~;1}l~tflfl~iinR; flfl~l 1.E~Pt't~1;~~ni: r~f t}:t i~~.iFf~ i. Ftt !}~r ~~Oilr~il ~;f ~:t!~j ~t~ 't(':~¢t•P. R't~til~;li RntiCC Ji ~ie'i:l;..-~. 1. ~~':It Ft: }.st'. ~rf 1~1 P({lllt~'~ I:iflti• ~~E• ~«>r('f~l~t'~I L~ tf 'tl~ i:lf"1~'C~ :(•('~IiPI~ flf,C!.},': }Ifl~~ i1f::S~1f~•;j ~ifl(r(' i0 I~ti I~StItU- ~ tu,n "(~ti!• ~1urt~:~Kr~• ma~ f~,rc~r,~~sf• tl~i~ tt;~~rt~:~~~~, t~~ t~~ th~~ ~imr,unt srr c!~•cl:~.r~~+i ~1~:t~ ;in~i ~r,;}'at,lr~. ancl tht~ v~i~ •,rt••i:::~ •!;t:i; };t ~1~1~1 t~~ ~.iti~(~ ttiil pti~. thr ~~tn<<~ tu~c•th~ t~t~t1~ ~~y~t~;, r.r•Ex~nv•; ,titi~l sillo;vsncr:. I:~ ~~f (~~rtial fi,r~~~;~~=~u~~ ~',t" t}~iH m~:r'~:1Ke, thr• ri,r~r?~aKt•~! pr~•rui=~•~ chr~ll 't~i~ c,lr~ s_tlijr•ct t~~ !ht• ~~~~r~tiriu~n~ 1.~~? ~,f t~i;~. tn<tirt~;::qe fur tl~~ a~:i~~,int of thr~ ~1r1~t nnt th~n ~inc• an~i iinF,~ii~i. Iu such cru ti,~~ {;rn~.~.;; r:~ uf tf,i~ ~?::r.+s{r:~~}~ i:~:~~.• ;t~a:ri t,e ;,~~t+t!r•~l c~f thc~n~nttf•r frr~m time to tiTnF t,}• th~~ \TnrtK,t~~•c~. 1 I. No w•ai~•er c>f anv coven:tnt hrrcin or uf th~• o1,liF:tti~;n ~r ~-i~rc•~i iu~rr -h~ •li a' ar.~. ti.uf~ th~ re~aft~•r hF held tc~ t~c a wai~~er of the tenns hereof or uf thc n~~te ~~curc~;t t:r•r~~hv. ~ Th~^. lirn of t'~iy instn;rnf•nt. qhall r~'main in full f~rc•~~ nnr~ r(i~•~t ~1~;;u~K (w:-tE~~~nr~m~nt or ~•~.'~•r.~i~~c: of ; the time of pa}•ment of the in~lehteciur~,q or an~~ rart thr~.-t•t;f ~c~~tr~•~! h~~rF•h~• 3 If the ~t~rtRsigur ~i~f:~~ilt in sn}' of ihe ~~o~~er~:~n,- ur xerr~ r~~•nt9 crm`•+in~~~'. nate, thrn th~ ~ MortRa~;E~e may ~rtorni the ~ame, an~1 all ex~Cnd?t~?re~ (inclu~!inR rPC~:~~,nst>le att~~rne_: f.-; u.: • ~ i~~ \tortQaKee ~ in s~ !!~>>,~t~ ~I~nll ~IrKµ• ~nt~•r~st at th~ catr j~r„~~i~1~•~1 f~~r in tlif• ~~r:n~'i~sil in~le•i~t~~~ittn~.;. ttn~! !~~~iF~~•shl~~ thiri~- !:i(li ~ln}s a(tF~r ~lt'II18Ii~I. Rll(I, t~~ether H•ith i?:tcn•~t +,n~i ~•n~t; R~•~•ni~~~i th~re(~I1. ~~Ibi: >~l'llfr~d t,~ thic tnort~;R~;e. V•1 1'pon thc• rcy~u~st ~~f thc ~fort~t?Rcr~ thr• ~tc~rt~a~or :hnl! ~•~c~<•ut~~ nn~i ~l~~li~•~•: ii ~~i}~~~I~~tu~ • ~r~! notr ~r n~it~•~ (~~r thc ~utn ~~r ~itrns fl+l~•auc•~~~1 h~• thf~ ~1i~rt~a~~E•r f;~r !hc xlt~•rfitiun, rni~~l~~rnv.ati~~ti, isn~,r+~~-rin~•nt, nir~in- <<'f1RIl('1•, or r~~~IN!" O~ S811~ ~)CCIIU~PS, ~Of ~fiS/•~ C1I~ 8~-1'~~Ill~'ht~ 11~ClUfl~~ ~~I(' tklllll' 71I1<~ ~~~T' Nil\' fl[flt'f i)111'~~Iht' flll~~tt)f- izr~l h~•reun~l~•r. :~si~l n~,t~ or Ilni~•~ ~licill hr~ ti~~~~~~r~~~1 i„•r, i~~~ un n ~~aritt• ~~~ith an~l xs tuilti• as :f th~• a~l~ anc~ ~•.~i~l~~n~~~~~1 thrr~~h~~ ti•cre in~~lu~l~d in th~~ notr first ric~~~~rit~~~~1 ~t,o~~~~. ~ai~l ~n~~~~lr•rnrntal n~~tr ~r n~,t~~s ~l;all t~car inter~st at th~ rate pro~•i~lc~d fnr en th~ prin~~ipa! in~l~•~,ti~rln+~<; f,n~{ shxll i,e S~a~~ahl~ in a}~pr~sirnatr•I~• ~~~~ual rn~~nthl~• Era~•mrnts f~~r siich ~~cri~ri xs tna~~ t~~~ a;.~r~~•~1 upc~ri h~: tl~c• ~~rr~litor an~l ~`lr~htor. F[illlfl}; l(1 K~~r~~~• ~~n th~~ maturit~~. th~ «~holc ~f the sun~ ~~r "irn;~~~ u~l~:xn~•~~~1 ~:}~~ill i,~• ~lu+• l1f11I ~~fl~'t1I~Il~ thirt~~ (:,(i~ da~•~ n(tr•r clc~rr.nn~l lh~ crr~litor. In no c~'ent st~nl~ the ?naturit~~ c~tenel Uc~~>ncl lhe ultirnaic r.~aturit~~ of tlu~ n~te fir~t descrit,ed at>ave. ~ ~~0525 P~6E0972 _ v