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Home My WebLink About0931 ~ ~ . ~ ~ ~ . ~ . , i i.~ , .;`y ~ 't.' , . , . ~ M def'n@cessary ~i "des~~abte in o~tler tb etlc~lua~e. canple~e, en~arge, pe~tect ~~o~t~'c~~?UnuA a~d {xeserve ihe bbligati0~s c~ , . 8l'inst~txn9r?ts SeC~~in~ th~~'Na~ a~f the lierl d thl~ Morigeg9 ~ atgagar~d~r (he~`N~te an~~~is M~iC9~ge, and a~i ah . ° as a tirst a~i prio+`ue~~upon all~h~ FAo~tgaged ~'rop~~ty:'Upon a~lailure by`Matgagai t1> cf~4so, MQrtQagee ma~''"~ke~ ` e~cecute, iecofd, I~I~,~ ~o`r~cord or ~el~le a~jr and a11 asuch'mortgages.~insUuments;"ce~t~(icsles 8~i'tlOC~i~ieMs loi ~~`i~~ttie ' name o( kloiTgag~:"Morlgagoi heretsy iirevbcably appants MoitgBgee agenl and ~1t~ney~in~lact ~1 Matg~g0~ tb'~S'~11'things ' necessa~y't0 etlectoate~ oi assure co~np~~a~ice witti`this :parag~aph. . , ~ . ~ , • ° ~ . ~ , . _ ' t0. Event ~of Dei~ult: Ar~'tTne` ~f 11ie~ia~o~,~ sn~u co~sc~~uce a~? ~e~i a ~aun: = , : # _ ~ ~ g 9. ~ ^Y , . : ~ ~ ' ~ _ ~ Fai~ur~ Mb?t a"oi tb ~ as arid wher~~~us a~1?"payabla a inst2dlments d~ `inci or•intere,sl due'~i~d~r"fhe . p~ . ~ be' paitf `~ota'ot ~~jv°tt~pos~ts f~i taxesand assessment~ "~in~surarice"~i~tniC~M3 due ti~eunde~ bf othe~ sums to` ~ p . , , . , . . ~iAon~a~iereurldet`tif'~tiitiidei any `oth~r'ins(tument se~unng'thg' Nota. . . . ~'(b) ~Fa1ur~'`b~''Ma~'gagi~"t~~lol~r k~~,"° ~ibrm a~ ~bs~ve any oth87~~ovenant'corW~t `~eemenl i?~"~N~t~ this ~ Mbrfgage. any otti~r in$tr~i~~i~ se~u~ir~'~ N~t~ Or ~r~y_other i~str~3r~8iit~~dlate~~d t~ the~N~t~`~~ii~i?ted ii~''L~`nection v~nln°1he sums seCUt~`h~f~hy°'~ipt ~a peii~d`ko~'~b~'d~ys aft~i` Ni~fg"~ge@`gives"wrinen not~c8`~pecdy~ii~~th~~breaCh. . $p . ~ : . " . ' ' . . . , . . ~ . " . . ' (c) il eithZ~i Moit~~tj~ dr ~n~~fint~P $r ericft~rs~7'~ii ih~Tl~ite ~i'~iTes a 4olU~ntary'~"peGt~b~"ii'i" tiank(t~p1c~"~j t§`8djudiCated . . ~ ~ . x8~~f1{UU~ lN if1S0~11f~1'1~rC~ ~M'1~ IIICS'd~~~tlWj ~f ~~~1~N@f S~IUfI~x~ ~flg ~~~1~~80(~fY2a~10f1, ffl~(~d~f11@fl~: .C~~~f1 ~ead~ust~e~i'~1~t1~t~0~ ~ dissduli "o~ bi "simdar r~iief tof~~tseli u~de~ F~r~i law ~elating t0'b~n~ptc~?.'insolv~'~Wh~`'relief foi'~`d~t~is."~r (iG~`S~ekS 0`i`Consents lt~"~i ac(~'~IieSCes`in'"fii~ ~5'oi~t~ii~nt d ar~T' GUSte~=recervet;~a5t~f o~~~f`dator ~`~SeN . _ , . . ~ant~a~ ~~ti~ nn~a~~ea~'o~ ~t ~ny~'~r;all ~1 ~h~ ~ents~r~~es. issues. earn~ng~, ptof~ts""~x , ~ ot `d aN br any b~ i~~fi~'tfier~ol. or; r~l'assi nme~ t~'`!he beneirt°d ~r$d~tors. or w'~"akes a"~i~~it°~`i~ wriG of ' ' ~ i? ``i~"~ke5 d~ ' ( ) 9 y ~ ' ' its'inab~lity~pa~'its~tlebt~'g~nerally as iF~~`I~ecome~t~ue; b~"(~i a"~~i ~~1 ~a~'"p~t~t•~ri~icti~ ~r?ters an~ .~~erN ~""ti~cte~'appro"ving a~"pelitioiy bt~l again~l Mdrtga~~~ an~'guarantbf"~` ~ndCis~ot th~ Not~ seeWng a~~r~Ti~ganizatitin. . . ~ . ~ , " , ~ a~rf~~~tjeme"`~t;"~ar~'o~t~ori; ~e~d~~ stme~l. liqU~dation: dissoiuti~7i ~`~imd~r rel~ief Unde`~ an~'`~reseMfiortutore t~al 'state:~& blh~f statute, law - ~~Fti~ir~s ~"rivaCated ~ d`~s~ ~~i ~ta banK~at~tbt tsol~ve~~ ~th ~~„or not ~asecut~ve~h~''~'derrfiji~dgme~t ~dec~ee ' ~ " ' - p~ ~ ~ii th~"`~date bl ~nt t tti~reol; ~ . ~'7"v . : ~9 "y ~ y .Y.\ ~ ' r , . ~ ~ , . : - or (vin) a~ tr"ustee; teceiir~~r liqUfdafof d Mortga~"'~f °~II~i6~`' 8~tj1 ~ibst~~C~af{part ot tti~ Mortgaged f~`p~t~ br d a~t , , 7~ ~ . . s. . aN ~1 th~ients," te~venues. issues. e~~nings,'~xd~ts ~r`in"~txne ther~t; is ~~nt~if withobt t~ ~ntten c~ns~nf ~t M~rtgagee~ . . . , , . . • Yyhich a~5~antme~t shall•reina~n unvacated a~'unstaye7i t& `~~'"a~r~~t~'~f'sixty (~}°days' wt~th~`t`'"or nOt C~set;utiv~s. : ~Y ~ ~ Pr . ~ 9a' ~ _ : ; ~ - ~ "~~~'An~titea~h t~t ~i warrant °d~'rP?~ter~al t~~i~tM~l a re esentatio+~ ~t Mort a '~lainecl~~ ?he Hote, th~s M age "o't'~ny~oil~er t~~t~fttrient sc~~t~ng"1h~Note. - ~ , ' , ~s - , ~ , . . . ~ . . . , . . . ~ . . . . . . "(e) ~ThL ~cuLrence d any~`detault unde~ Ihe t8rms d.°any'm~a~ ~bth~~~secu~ty~nstrum~nl whi~hh"~°t~~tes a lien or I I -other°seciltity~irlCerest'~i br ~~"tFi~' ~A~f§aged`~P~~tY- ~ tt~=Acceler~tlon. ll ~n~evenl d de~a7ilt shalt h~ve pccurr~d;"Moit " , dedare ltie outstaixli ~ni~ W ' 9 9~ ~9 P~ P~ - , PaYa Y . . d fli~ t~~t~'~~ ~tne `ni~cest a~,?~~ there~tn, ar"1~J ali oth~r stims s~ute~'?iere t~'b~'tiue aritl bt~ imr~ed+atel . l~~n I~ ,9.~. _ . - y~h•dec laraban s~h'~iiiitic~p~ l`~nii int~test a i ~ ot ne~ sums ~ha 8 im t i tecfia tely be"~e a ~ i d"p3ya 6 1~ wi t F i o u t c i~ i n a~ t d b t`~` o b c e .ti -K. . `i2.~Remedies after Default:Updn'~~ evenl'd~def8u11. Mor~g~~"ma~"proce~f`by suit'fx swts af law`~ ~qu~ty"Or ' ~ by'any"8tfi~i ~a~~ti~te pri~c~iitg~~°~~meci~i'to. (a)'~dYce `pay~r~e~,t a tn~°~ot~~ii~~`~h~ ~oimance a~ny ~e~M he~ed ' a~any other nghl; (t~) t~reclos~~this~Mortgage anil`t~ ~ell. as a~ eMirety'dri~ separate~ldfs'or'parcels. the.MBfigag~i~Pldperty ~ ~ . . ` und~~'the`jUtl9meM d~'tfecte~"~t'~'Cbuff W~op~rt5 6( ~oiinpet~nt. ~risd~ction; (~)`~d~ec~ an rents. ~ssues. p~'ou~§.~~e~enu~, inc~me . ant!°tfth~f t~enelds,tit~'f~ tti~'~FA~gag~''P~c)pe?ty; `(i'~ appoint ~"iec~+er'tb`ent~r'upOn a~! i2~k~~~ossessiori r~l ft?~ Moctgaged I P~~3erty and'toecopect a~l rents. ~ssues."Prd~ts."ievenue.~nCOme. and othei bene(~ts`th~ebl arid a~iplfy" the'same°as~~~~R may d+rec`! an~i sucf~"r~ce~v~i SFial!`tiave ali ngFits ~~'~owers pe~"frutteti utide~ law, and (~`p~rsu~ 8riy1'othe~ r~h- availade n9. 9~ _ . . . . _ , ~ ~ ~i ' _ - 'tt~'T". ''1 afb nlr '~7'`ta ' ~ ~ K:~ st?~IC take aCtion e~ther~ by such~proCe~tl~ir~g by thte exe s8 d tsf~lower w? ~f ~"~f'tie~~li'?~" ~~~ort ~ as 1Wb~t~a~ ~nay determine.. . . , 13°;'N~,Walve~?Na'delayr~d~om+ssioii ol~M~itga~ee~or d~nytiNil~r ot iFi~~Note`tb'exercise any~tight: ~5ow~e~or~reinedy ~ g` ~bn° ny`event d iie4ault~shall`exh8~si or impa~r finy,such 'r~ghL""~5owe+"bi'fL~nedy or sh2~'b~'~orlst~uefi to'waiv~e ; accru~n u a . . ' . ~ - ~ any event ol~ deiault of"to const~tute acqu?esen~e •th~r~in. ' . . . . . . i . . . - . ~ . . . Mort a e(~r a'~other4?nstrilrne s~No~r~~jnt.`pow~eror remedy cont~ir~d upon bi~reserved to MOrtgag~'by lh~'Note.~this , 14~'~Non-E~~lu31vA RBmedint secuiing'th~ Note is ejtclus~ve d any other right; pawe~ or remedy: but~ach a~if°evety such~ ii~it: ~ow~r and `~emedy shall be cumulative and C~curr~f~l'~'~1tl ~haH b~`in ~~ta~`tb"ar~ c5tt~t ri~ht: pow~r and remedy . . ~ , given'hereu~id~t''or und~r`the Not~ o~ arry~6th~r mstrument 5e~~irif~`lh`~#Ni~te:~~?ov~'~1f"her~aft~r existing at law, in'eq~i~& _ by statute. , ; . _ . . . t5: Successort'a~ld°Asslgns Bound.-Whe~`one d ttie part~es'heieto ~~'named`c~`re(~+`'r~~ii'td"herein, tFie`t~eirs,. ' .,w _ . 9. ~ ~.9~~ suCCessors antl ass~gns'ifl such part'y ~?a11 be ~nclutied arxf afl Covenants antl a reem~nts~cont~~d'i~iythis Mat by of`~ti~hart d Mo{tga~Or`~tft'Mortg~gee. shaq bind aniilnur~ fb th~ tienW~ts ol tfi~i?teSp~Ct~ve heirs,.successots and ass~gns. wtt'~l~i8r~t~i` i~bl 50'e~c(Nes.sed. , . ny d'l~he,~Lbvenants. a~r~em~nts: terms or'~p~'ovis~ons ~ont~i~'~thL~Rota'thls mt6: M{scellaneous.lnythe`even~"that a M~iitgage or any'`~Sll~er instrum~nt secuhng the°No;e sha~~ be +rnralid dlegal'or +~neritor~eable ~n~~~'r~~t; the waKddy'01 • ` th~ rem~iihing' Covenants. agreemeMs, t~3i'mS ~°prov~s~ons Conts~netl herein and irti°in~ lvae a~a a~y aner~nsc~um~t se~n~ ihe Note shaa be in rso way attected. pTe~d+ceii or °d+sl~~bed`~hereby. ` `17. Attonle'y's~Fees. The term `:attorn~y's fees'' as used in`Ih,sfMor"tg~ige;'~~?ctudes ~ny artid all t~gal lees'"~5f what~8r - nature incl{iding; but nt~ Iun,ted'tb.'tee~`resu~tmg lrom arry a~a! d anyi'~MerlaCutbry~drder'~7`tinal jo~me~lt`ot a~yi dlipa ~ ~ ~ a~pet~at~ proceeding ansing out d any 1~t~g~tion. ~ ~FfB `'~Otu~'Advan~es. Tn~s ~MtNtg~ge is g~ven .to secure not oNy~ex~st?ng ?ndebtedness:.but atso suct? tutUre advances, ~ ~ whether-S~h advarlCes ar~ OW~gat~ry a are to b~ m~de ~t~th~ri~t~d~ ga~: _ ~ t!Heen . yea~s Irorr? the 'dateYhered. tb the ~sart~e `~~Ctent as ii su~:~" future adv8nces~wer~ m~_`~Jrti the`ifa e~dr~ wti "o~`~f `this f `lulbttgage'T1te'total amount d"ir~deebtetl~"ihat maybe ~o s~uretlmay decrease ~'ift~t~~se trOm tu?~ td tur~~bW the , ~ fotal unpa+d ba~ance so secured 81 one t~rne shail rWt ezceed twice't1i~ tace arrwunt of the"Note. p~us intere~`fK~~on. and _ ~ny di~bursements m~de"t~f th8`payrlnent d taxes. le~nes or inSurance or~ th~~M~tg~d p~OpeT~y.-witFi°iMetesl on si~h d,stwrsements ~1"the~~elaul(i~ate as t~erea~ter det~ned t9 ~ Otill~atlon bf MOrtgagor.' Mortga~or shall pay the ~osl bt' re~eas~ng br sat~styitig~his Mortgage ot recorii . i ~ ~ " 80 K JC7V ~P~GE •F~~~~ . ' ' ~ ' j . ITi~:7'tr.tiMS" _~.<,t..i._.. ~ . _ . . ~ - . . , _ ~ ~ - . . . . . . . _ ~ ~ ~ . . ~ ~ ' _ .