HomeMy WebLinkAbout0969 ,t„r urxier this Mo~t~~Ya la tAe'lttst rale~xl~r mo~tb IaIIoN•u~(~ thr eYp~uJ~u~; q! f~td sum. Such sw~u so e~prndcYl to bra~ inte~ai at tl,e ~ate
~6ic1? inte~est Is p~y~4le v~wn s~iJ ptinc~pal inJrbtrdaess a~xi ~ie lien uf thit'ilto~t~.~e itull ecteuJ tu +ud ~ecw~ thr suau s~, ei~,en~l~~.l
c.~e~ with intercst the~eoa os hetainbiefortl providod.
t~~ A~ ~r~o~tK~~ee's optfon, togothei w[t~ snd ~n ~clduaon tt?" the montldy p~ymrnt p( p~ncipal and inteceu payablr unde~ the tercns ol tl~r
eby~ i?Iony~aQOt s sll'pay~t0 Mo~t~ayee r,~cb ~uonth uutil s~l aate is (u pa1J one•twrUth ' 1'l12! o( a°surn a u
:.,,<<• sl.urcrl het ~~e tot'tire. eite
decl coyerage, an~# othe~ 6azard intu~ance inclu~lin utlaal ~i~su~au.~~. co~~snnK 1he ~~~c?rtK~xH~ '!'to the
,f:11' d 1~enlh~b numbe t!~ to e P~~" n1 liy . ong~Rce) lest all sums alrcady pa~d tt~erefor, ~~~~~ty~
p ~apsb ptio~ ep the Jate w cn tuch tur: a au~! to'l,r
r,rl~.l b qK p qq ia ttwt or juent. $aid swns shat~ be '
t~ Jt ~e~ Y usessme~ ~oAC~ tecl t01e princf~~l p( tbe icwn,`to paYtsa ~1'tasurasnce, tu~.~aix1 a~s,sessmenb a}~,t~ shal~`!~ ~ppluYi uA l1tC
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aid to ~to~tgagor
, ~ ~ g ~ ' d 4~ ~ O[ ~t 33S1~1f.
~~f y~nent ther~ WbCA dUO.~ Atiy ezceu he d it? trtul bY Mo~i a~ ~~d sutns h
k1 ~'~t ufa be ap
~lj~ on ai~y costs°of dauna~es suswtneJ
pe~waal tepresta4ttkoa. la t4q'~veat o'~t~dbltult qr (nteclosure y"
coanectiou wi~ the cbUecqon b( tbe oote securod 6ero
~cs o aou wa~va. aad att4r tay:~uch,kyyver,~ rtiustate ~pby whe1Llt b~ suit, toreclosure, or'othenvjse. ;l~onQ~gee may from tiin!°ro ti,ne ai
in ot ~11 'provisions hereo~ rcquirinQ surh depoait;, by'notice to'~Cloitga~o~ io writing
~t'h,~e aay such watvet is in eHect, Mong~go~ sluU pi~"ti~q~ assessments ~od insuranc~e p~eauums as he~eW etsewhero provided.
~~0. I~lo?tga bt sball°coa?plp`W(thpthbi4wQ1!L~iow bE say lease; if tWs mong~ge is oa ~ le~sehold: 1~:.tbis m4n1T~Ko ts o~ a cbndomi~uwn unit.
~„~~rt ~ or p om? aU ot wortQa~o~ ~ obUQadoas undet` tbe de~la~ation ot.condoqy~aiua~ or mastet"dceJ,' Ihe bylaw: and regulations ol
~ f ~~~io t acd t~ept documents. Mo~tgs~or furWor c~ovrn~db thit be aod tl~e auocutiop ~e asible fo~'the ope~ation
o~nLatuAu
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~e coaciomWua~ will E tbe rovlsioas of 1Ae sald declu~~~on, and ~ny q~maadm~~tt` there
per{onn~obli~attons thefeun`der, uid~!°fatlu~~! ti~~i~ so ~hich is~a0t'~ur to, a~d of~tl~e' CoaJomitu~un law of
,,.,Kee tq t~~ mp~tg• o'r tad.thb s~id aisQC~aqoa shaU coastltute •,~glult uuder this mottQ~~te~ ~4 d,xs a(tef oohce givrn by' thc NoTt-
g d (~to~tgago~ fu~her specJically covenants, but not
way o[ limitatio~, thAt he aad"!he usociation will observe aU o lhe provitions bf°!ai decluation of rnndominium rolating° to ~nsurance
~ ;,.•~rage. .
\tongaga~9`~uiihe~ ~taaaLt a~d a~tes that at` the ~equest of Mogtgagee to ~um~sh a standa~d ttrmite boad insunog again~t damagr
1.> ~nfes~auoo on the buildlngs aow oe hercahe~ loc~ted,~on t6e moitgaeccf "~t~prity,'in'sucb amou~tits aad'te~ims, aad'~wth ;uch compaqy ns
~t~u~ov~d and requiied'by~MoitAagee: ~nd (h'1he evenl M(?itga ar''does not coi~iply Mnth this ctivenani"~Ctaitgagee shall have the same ~gl~~s
„btain sama as tasutaoce c~veage undet~coveoaat ~3'here0~.
Tlt~t lQ U1C EVEp~ (}I~~'°~this mortaage is givea tb secure°a rnnst`n~ction Iwo, (ailGre on the part oE U~e \tortgag~r oi U~e ~tunwatiar's
~~~~~~:actor~ archite~t~ enQineecs; onsub•coatractbrf`to~comply with the ti~~m~af`'the'Constructia~ Loa~ A rcement of evrn d~te herewith.
~:~.h ~a k?y re(erence in~eorpbraterl hercin; shaU,'at the optton of'Ihe'~N~iifgagrc; constitute a drEiult hereun~rr.
' ~ y " y „ `p~ ~1 ag~ees dwl he N•ill. ~~nt I~trr ~
~.~n th~ f~(30 ~ da~ sg
keptth'"e"fti~ of th~~fisca) earnfurnish uritb°~Ihr Assoc ~ttan ~ o~mtt ete~anJ racc~r t~ h'al~ncr ihcct aod p~ufit .~i~J i~?..
;tatrment rcflea.~ng the fil~frt~~gb'ts~Ualiil~tles u well, as pr~fit and loss (br lhe f~i4`al~ytar~ and s~?e!i balancr s~ect and prb(~t and lost sta~C-
:~~r„~ shall be'_:prtpareii by a~eenified`~~iblie accountant licenied~in`the 5t~te of `Fldtida, and !h°91) be' certifiecl as beinR c6~rrect by t~irh'cen~-
public at~'if~i~~tit. '
'a If any pf the sums'ot money her"ri~=re(erred'tb be not'pt8i+~tly and
o~~~e due and i`able or"if eac and eve~y the sf~pl~Jations. agrren?rnts, fully paid w~thiA thi~ty 130 ?~1a~ s next aftct the ~am<• ce~~~rr:~ll.
p y h "~~~ditions aod cove~ants Of said• promissory note aad`:th~s murt•
or either are nol.~uly ptrft?imed, C~litiplied vinth anJ~~bided°by, t}ie ~~ggregate sum mtationed in said ~?romissory notc shall't?e~•ome '
~i~r and pay~6~e'forthwith or the~ea(ttr at the;optib~ ~f~t}ie Mbrtgagee. :rs'fuUy ~nc1 Compietely u il s~Pd a~iCregate ium of m~cney=wa~ ori~- '
r:~lir stipulated'fd be~paid on suck diy, evefylhinR in satd ptofntssbry note ot~l~erein to"the contr~rv~notv?~iths~a~ilPn~.
lo die evei?t "Ihat the ~liort agor makes ~ paymen't ~y check • br chrcks that the ~1u~ga~or has f~ilyd to propeHy rndurse. t)~c
,
~~"~r~ t ~te ;aii~ cheek °oPhircks ~nd~ihe Stntt~a~o~i agrees t
iholdttlip ~tDlt'~agre harn~lrss'' (~ontArt>a l rl, lni
•.;~h: t uen~ofor su~ ~ t.,~ ~S, ~ i ~
•~~•?„rtemeot. In`°th et•tnt"the Mort a~qor shall'cash a ckeck"for the ;~to~1 •a~,or a~rJ same shal) !~e'relumed (or insutficient hu~ds or a~sy othe~
' :~•uon so that the~loil~agee is •u~~iable to coUect it3 °money,' then"the ~fortgagoi' hereby authb~izes "the \ton~aKre to ad~! sa~d sun~ 'to tt~~
~ pnnriPal balance th[i'~tnottgage and sald stjht tl~`all bt stcured by satd'~ibAtis~ry aote'arfd mangage as tlibuRh it w~s an additional mfvance '
t nncjff the tttt~ls snd`-'condiHons 8f'"Ihtf~'inortgaga . ~
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f 2s. Spec[al 'provisionf:
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E 1~ 1ViTNESS fW~~~iEOF; ehe ukl °Mokg~gor hu e:ecuted 'this mortgage under seal on t6e day ~nd/year" herein`'fi~st above written.
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j tiiCnrc~, ft~~ i7ld dO~1YE1'Ed 115~ t}lE pfEltnC! OF: 3
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~ sc~c~ of Massachuse'tts _
('ounty of 01`'/= G L: k, , `
'T'he ~otegoing instrumeot wu uknowledged F~elore me' tl~i c'``!j Jay ot ~ jq , l9 ~8,
~ JEE'~REY J. C7t'~1bSMITii 3ncl p1L'~f,A' M. `CAl'.D~Ml:'t'il, his wife
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I ain a Not~ry Publtc in a for the stzite or(~~ Sf~~'uv'~rrs ,
~nd my co,nmissi~n eXp~i es on____~j' __Z 3_ A T-
~~taiy Seal?
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State of ~~43,~~;~, _
County $f
71~e"(orogotn~ inrtrument vras icknowbd~ed bedore ms t~b dty of , , l9 ,
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