HomeMy WebLinkAbout0985 PROVIDBD~ ALWAYS, that if the ~oet~ ~q p~?y unto tbe Mortg~gee the indebtedness evidenced by a
artald promis~ory note of which the in q~o:ds aAd A s truc oo tawlt:
.
~5e oo Ho1l~wood Pleri ~ April 9 198Z_..
For value received. i or We, promiae to pay to the otder of ~UL I US H. AP I RO a, j AN .R S tt
r
~~0 hi.s wife, c,(o Ca~? MortQgQa C~~~C~242_ 3 Holl~wood 82vd.._~iollv~rQo
the principal sum of ~~s~ ~YE~H~REQ F*~ ~ ? ee- pollan, k
~ ~s 11,750.00~~ together with Int~rest thereon from R~_ .
i.
at the rate oP
1~ per cent per annutn until maturity, said prlncipal and intereat being p~yabte s~ foitows: '
:
S 279.94 on the iSth day of Ma~y,r 1987' . . and S 2y~_94--~, on the.~tlLday of ;
each consecutive month thereaftet until th~_?~~~ PAID IN FL1L , '
i~otlA~~ti~t ~dt~od~dtpnyc~e. Each p~yment of t~7s.94 , shait repe+ebnt p~yment
of lnterest and principal. and shall be credited~ fint towud interest snd the ~m~inder tuward prlncip~l. The m~lca~
agrees that if any inataliment becomes dellnqucnt~ the'hotdet shdl heve the option to.derrwnd payme t of the
e ttre unpaid balana then due and owing, together with aocnrod interatt theteon. This ltote nuy~~prepaid
b~~nc yesr, and theresfte . no~ penelty.
Payments not recieved by the mortqnqees by the 25th dny of the month in which payment•
is due shall bear a late cha~zga of 51 of tlie minthle payment. ~
Eaahe~ t~r aad ~ado~t ~tr~eatfy wtlw d~wss. Oeo{Mt sed roMe~ ~Iiulb. ~ew~M7a~1f e* ~ ~M all ~MdMMIi M~MM~ ~o I
Aold u~b ot tntm Il~bM ~ taak~n ~ad ~ndoeM~s. - ~ ~
u ~
Eaeh m~ku ~d ~ndorMr tutib~r~M. laalls ~M W Oq Wae~y ef eoMetlos~1ed~di~ r~ At~enrf 1~ 1~ w~ tM DN~i :
ot tAlt not~ oi an7 p+fm~nt~u d~ or w IslMMt~ b sot OYQ ~t tb~ e~p~etlw y~t1 . o~ «M Me~~f ~ i
q~otee~ Ht ~dtr Uer~ot. wM~ wii~t b~ beou~~o~ ~oi. . I
TN~ aot~ aed dal~nd lat~t l~r~4 ~ Mae lstMMt at aN tiM ef 4; Nt ~ut 1~ ~ws Qe~ ~rlwlt~ ra1~ f~le.
~td 'l'AM aoN b Ma~nA er • eyt~
~s~ Li»~ftl~ an0 M 1e w ue ~o~dlrt te y~ y~n ot f~s M~N o
.~bau° t'aete«i"w°s«as`
.~a
'w°~`~Va~~~e.M~ W`pn'`~d
e• es ..r .o4...wuMa =aN.'"~.eMo.o .~ant~d .a~d ....I~w ~ ~ ~
Kr '
~ ' . • ~ (StA1a
' Ri~2 M vi~a/1 Richnrd M. David ~L~
~ _
and shalt perform. comply with and ~bWe by carh and tvery the ;tipulAtions, agrcements, conditions and covenants
of said promissory note and of thls deed, then this dsed and the eatAte thereby created shall cease and be null and void.
1. The Mortgagor heteby rnvenants and agrees: -
'to pay aU and sidgular the ptincipa! and ialereat aad other suma of money payabk by virtue of saW pranissory aote and this deed, or either. ~Q ~
promptly on the days cespedivety the same severaHy boeomes due. c~i~
(b) To permit. oommit a suffer no v?aste and Lo miiatatu tl~e impcaveme6ts st all times in a state of good reQ~ir and oondidon, a.od to do or pea ~
mit to be done to said premis~s x?othing that wdp dtet or chaage the use and character of sald property or la aay May impair or ~eakea the secur- 1~`
jty of this mo~tgage. Aad in case of the tefnsal. negleit or (ntbqify otthc Mortgagor to repair ~nd nWaWn asid propecty. the Mottgagce m~y. at ~
his optbn. taake wch eepaics or cause tha same to be made. aad advance moneys ia that behalf.
~
(c) To pav a11 and singufu the tase:, asseuments, kvles, liabilities, sad obligatians of every natue~e oa said described pcopMy euh aad every Cfl
when due ud payable according to law. before they become delinqueat. and to detiver to the Mortgagee oa or before March lSth ot each yeu
tu teatpts evideadn~ tt~e.p~yment of ap lsrvfully imposed taxes for the preeediag cakndu year; to idemnify We Mortgagee upon his demand ~
tor all tuts. assasments u~d charges thst may be assessed upoa this matgage oa the indebtedness saviced 6ereby aad paid by the awrtga-
' gee. wrlthout regud w any law heretofae en~ a herea[ter to be enacted imposing payauat of the wbole or any part thereof upon the Mort• e.~
, ~8~• `
To pay w and slogulu the oosts, chu~es and ea~penses~ inciuding law~recs'fees and abstract oosts tCaaoaabl incnmd or
~ the Mottgagei becYUSe of the faUare on the of tbe Mott y P~ at any dme by
sgreements~ cooditioos aad oovenaats oE sald p~roa?is~ory eate a~this d~or et~
and e~very such pabjmxa shail beu~interest
f~mm~ d~ate •
et the rate of eighteen pa ctetum pa aanum.
(e) h ts tarther o~venanted aad sareed by said Qartks tbst ia the event of a suh being iastituted to foreciosc thls matgage. tlu Mortgagee shaU ~G
be entkled to uPPh~ at aay dme pending wcd farectosnre tuit to ttk oonrt havtng jurisdiction tAereot far i6e sppoiatmeat o~ a ratiiver of a!1 and Ri ~'1
smBW~ ~~B~ ProP~!'• and of all tents. incomes. proSts, tsaue: and revenues theroof. ftom whatsoever:o~me derived; and tLerenpoa C'! "'1'!
it h berebp esptaslr ooveaaated aad s~eed that the Conrt sbap torthw[th appoint snch reaiva w~ith the nwal poavers and dntia of reaeirecs in
lite cases: and uW appotntm~at stsalf be made by the caut as a matier ot ariet ri,~ht to tke Moct~a~ee. aad w~tthout retereua to tbe idequuy or .
~~4~f of tbe vdos ot the ptc~perty herebp moetgaged. or to the soiveocy or insoivtncy ot Mottga~os ar ar~y otber patty dekndant to
socb mit. The MatSa~or I~Cb~r fPec~nl ~vvaives the eight to obj~ct to tAe sppo~tatnt d a ra~eiver as afaesaid and herebp e:prtssly oon- W
done w~itbout Aoticc~~t sbstl be made u aa admitted equ~7r ud s: s mattet d absolute rI~}u to t!x Mortga~et and tbat tbe same may be ~
-
Utocedosnte pmoctedie~s shouW be ~stitt[ted against tbe property ooveted by t6h mottgage upon aay othet lien or clsim wbethet ~Ikged to ~
be saperioc a jnnia to tbe lieo ot this maetQa~+e. the Matga~ee may at hls oQtios i~qmediately npon institutbn of snch suit e~ during tbe peo. a'
Atocy thertat dedate thb mottga~e aad the iudebtedness acvrcd heteby doe and payabk fathwit6 and may at ks option pcooeed W tacciose ~j
tMs mott~ge.
• That tbe MortgsQot wlq beep ~Il nal sod pa~ow! p[opat~r naev a hae~ftee eacnm'verea by t6e tkn of t61s moetgage t~uwred as a~ay be ~
r~qulred feaa time to thoe 67? t6e Mad~a~ee ~atatt lop b7' l~e. wiodatam aad otbet h~ards, as~altia asd eoaNu~esdes for wch periods .~s
aad ta mot las tl~a s~eh aaooimts as rotr be req~ed bp the Mott~~oe +nd to W7? P~PU7 when dne ~ll prend~nu ta wc6 insuraaoe. The
~unoants diasnnoa requireA by the Moet~a~ea ~ be the miniasum smouats ta w6ich uid fias~uaaa ~aU be w~efttea ind it straU be inaem- ~
' beat apea tbe Moetp~or b msiotda ~ch addldosd ~rawoe ts sap be neoessatp ~ mat ~ad aompiy MUy wNb al! o~le~raece req~kemeab
- aontdaea in uW pdides bo tbe eod thd the s~id is not s oo-ia~naor In~nra~a tbaii be wtittea b~r a oompanr at caa-
P~~ ~FP~ a~ bl? tLe Moet~asee aed~po~ks aaQ re~ewais thereoisbW ba 6eld by tbe Ma~asee. AN dettiled dal~sdoos
b~r tbe ~atis~x ~+n +ooepted ~'tbe litortis~e and aU a~+eeaaaob 6etwee~ btat~+aac asd Moctp~ee edadaL eo ao~v e~dst-
ios a 6aeatta made, du1! be ie ~?ritle~ aad d~aU De ~ paet ot tb4 mat~e a:teea~eot as t~ as tboog6 set toc~ v~eeba~n t~a~ela ~d ~IWI
r ~ovtcn boW p~rda 6aeto aad tbek wocasos aod wl~. No Nea ~wa ssp dald pdWa d los~wos o~ apoa sep refand a re~ ~rnbm •
whkh msp be Qarabb oe tbe qoamtloo a tetm3e~tloe ds~teo~ d~!! be jivea to dlkt thaa the Mats~ee. e:oept bq w~eseoeent
a~sed b socb Pdic7 +od ~PP~ ~ 1KoetSasee. P.uA poUc~r ot ias~c~aoe :ball bsre a~o8 t6etto ~ Staodard New Ya#p I~o~ctf~see Qanst
withoot Cao~ntba. s~ktn~ i0 brs a los~es aa~r tocb poi~cr payabk oo tlie Mortsa~ee a iu tetecst may appar. ta the ereat aay svm or
snew ot aiooer beoome pqabie tba~enndec tbe bsat~asee shaU have tbe optbe b~ reaaive and appi~? the saax oo aooouM d the h~debtedness
r ~~ecurcC+ a to per~it the ~aet~
~arin eveat of ias a~• a a~r p~t tbereo[~ wtthout tbarby'rraivin~ a impai~ing aoy equki. lien. or
anda and by v6tne ot this p6~sicai dr~a~e to tbe awrtp~ed pe~operty tbe Mort~a~or sbaU ~ire lmmedLte
,
. a r
~ • ~o s~~1;3- `~l .
Q -
.
. ,
.1..-_
. -
.
'i.1-. .
- w~_~ _ _ _
4_'. ' . . ' _