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HomeMy WebLinkAbout0923 ~ ~i I hat hc ~~il! ~rnut. :~,~n;nit, ur ,utlrr nv wa,tr. ~m~airnirnt, H~;huut refrrrn~r tc~ lflt :l~Ct~USI) ~lf ~nadcyuac} »f thc ~alur ~,f .irirnt~ra,i~~~~ ul .ai~f pru~rrt~ „r .in~ ~:~rt thrri~~f; a;~.i iii ~hr (ht ptu~xrEy n:.irtgagecl ur sa the.ui~rnc~ or ir.~ul~rn~p of ~ai~! :.rn~ ul thr tailurr ul the ~1~,~tg~gur t~~ lrr~ ti~r buil~lin~. ~jn \turtgagur or thr~lef~ndants, ~nd Ihal wch rents. prufits. in- ~ai~f p~~~Tinr. and thu,e ~u br rrrileJ un +aid prrmnc,, .tt im- ~omc, i++uec, and re~cnues .hall be applied b} wch rec~i~~r a~iur- ;~~,~~:mrnt, thrrr.~n, in guu.l rr~air, thr \turtga~rr ma~ mal,r ~i~ng to thr I~en of this murtgagc and the pra~uie uf .u:h roure. ~~;,h iepein in u~ ~itirenun u ni3y drrm ne.r.~an f~~r the In thr r~ent of any Jefault un the p~rt o( the !~tortgagur ;~r;~~~rr r~~,en.~tiun thrrc~~l, an~ thr full amuutit ~~t r3.h :iizd htrcunder, ~ht ~lortgagur ~gree+ to ~ay tc~ the ~tortgagee ~~n dr :.rn ~u.h ~a~mrnt ,hal1 hc ~mmrd~atnc ~fur an~ payahlr, .+n.! mand a~ a rcasunablc munthly rental f~~r thr prcmi.rs an 3R1C:1[il ,h.i!! hr .r~iurJ M thr i~rn ut thi~ ~Ivrtg.~~r at Irast eyui~alent tc~ onc-tNrifth 1!'i.'.? ~~f thr aggrcgatr of the [~~el~e monihl~ in,taUmentc ~~~ahit in the thtn rurrcnt year ~lu, 6. It~at hr Kil1 p.i~ :tli an:1 ~ingu!ar thr :~~,t,, :Il"Sf~'C1, J!1:I r~- tht .~~tual amuunt uf the annuai ;s~r,, „~r~smrntc, watcr ratr~. ;~~i~•r., inriuding rr:?.unahic law}rr', lrr,, anJ ~u~tti c~f ah,tra.t. and imuranie premiums for wch yrar :u~t cu~errd h~ the ~t t~!ir. in~urrrcl ur ~~:~id at ati~ umr h~ tiie ~ii~rig~gre bt~au~r c,f aturr,aid rnunthl~ pa~rnents. 'h~ t~ilurr ~,n th~ pert .~f ,hr \lurtgagur ~rum~tly :~n~ full~ ~u € ;•~•it.~rm ttzr ~~rrement, anJ ~u~rnant. ~~f .aii1 rruini~aun n~~tr 10. Ihat Ial in tht t~tnt uf an} hrra:h uf ctuti rnurtg~gt ~~r ,r .i !h~; mortga~e. and .~i,l ;u.h. :har~r.. ~nd c~Prntie, tiha!I hr ~rtault on the pan of thr ~lungegor, i~r Ibl ~n thc e~ent tha[ an~ n;r~wtei~ .iuc .inJ ~a}ahlr .~nJ ~h.~l! hr .r:c~rr~1 h> the hrn ut u[ .aid ~wn. oi nwnty htrrin rcferrrd t~~ t~ nut prumptl~ and ~ti~~!•~Cagc. luil~ paid Hnhunt drmanel ur not~ce. ~~r 1~1 ~n ehe e~ent that ea~h ar~J e~er} ~~f thc ~tipulauun~, agrrr?nrnis, cond~ttuns, and (h.~t hr w~il }~rrr thr im~~r~nrrt~rn:: n~~W ~~~,t:ng ~~r hrrraftrr :o~enants ~f tiaid nute and th~~ mixtgagr. arc riot dul}, prom~tl~. i :•.tr.f un ;'+r mnri~.i.cJ ~r~~Mr~~ ~n.i~rr4 s, rn~~ hr r~yuir:•..1 and full> Fxrfurmc~l; then ~n e~ther ~~r am ~u.h c~ent, the taid ag ~~~n: nmr ur.:e hy tlir ~t:~rt~:~grr egsin.: ic.. h~ f~re arr~ ~~;f~rr Nrr~att tiun~ tilrnti~~nr~ in sa~d note then rrmaining unpa~d, with ~.v,~r~1.. ,e~u~itic., ;,t;.f .,~rtingru.~r~ ~n .uch ,~:nr~u:~t, an.1 t:~r i:,icre.! a.~iur.: tu ehat ume, and all rnoneps seiureJ hrrtb~, ~hall s.h ~~eri:xl. a. n~.~ti t~r rraii:rr.! h~ \1urt~tag:r. .u«i wiil F~.i~ tx;i~trtc :1:ir snJ ~;i~ahie i~xthw~th, ur thercafttr. a! tht ~~pctun ~~t , ~,~~n~,tl~, ~tirn ~1ur. an~ r~rrrni..m~ ~~n .u.h inwra::~r (ur .aiJ ~iurtga~et. tuily anJ ~orn~~irtel} 35 if all uf ~he ~aid ,urrt~ k rrnt uf wh:ch pr~~~ni~,n ha. tiut hrrn nt,iJc her?inFrl.,rr -~ii ~n- ~.~1 m~tinc} Arrt ur~i;~ailti ~upulatec! lo tx paid on su~h day. E ~ ~r.~~r.e ,h~ll t~r .arrir.l :n :um~.i~:~c+ appr~nrd hy ~fur:~C3iCC .inJ ar,~thing in taid n~ite ur ~n thi~ mongage t~ the iuntrar~ nut- ~:•sc• ~~li~ics sn~f res:r~.~al~ thrrr~~( ~t~af1 be hr;~! b~ ~irrt~~gcr ar,.; Nitti;tan:l~~~g; at~J thcrcu~~n ur thrrcafter, al the opnon of ~aid { '-:.t~C dli.l~tlCt3 (hCfCl~t i;r~1 ~d~3hlt :iJ4St~ ;r. fa~ur ,lfla ifl 1:~rili ~~UfI?3KCC. NIIf7Ul1( r,uti:e o: demand, 1UtI :Il ~3M l)f Ifl C(~UI(~, ; .:.r~!ehlr tu rhe ~t~,ngegrr. In r•rnt iuti, hr ~~!i gi•.r ~m- ~;i3~ hc ~r.,x~utr~ ati ~f :ill m.~r.e„ .c:urcd hrrthy t:ad mat~arcd :r,ii.~tr nuti.r h~ ma~i t~~ ~tur+.gagrr. an~i ~1~~rt~s~te rna~ rnalr ~~riur t~~ ~n:tiwuun Ihe \ic~rtgagte may (i~rc:lucc th!. mor! ..~~~JI i?i 11 I:t~l ma~ie j~f~?iP.j~f~ti h) ~~.~!(~(d~tUf. dtl, Cd:ft Iil~ ?dRC', d~ tU [~it df1:uL'^i ~li de~lared due and pay~abir. and the ti3ic~ ~ .;e::..r .un:,~a~:~ .~~n:erncd n hcrcb~ atith,,n:r~ ~n~ :ii:rttr.i ~,ren~~.r. .hall FK ~ui~f t~, ~.attif~ and pa~ the same tugethtr K~th ~ r~.~l,c j~a~mrnt t~>t ;u~h :c,,. Jsrc:il> ;he ~ic~r!FaFCr ~i:.!caJ ~,t ::~.t,. r~rcr.:eti. and alluwsr.ir~. In ~ase ~,f parual forc.lowre o! ~ ~hr ~l~~rt..~g;~r end thr \tur;~agre ~~~intl~, and :hr ;misr,tn:r thn m,~rtgagc, tht murtgagrd prcm~u. chai) be so{d wb~ect t~~ thr ` ; r~~~rrJ,, ur an~ `.~rt ihcre«f, mati t~ a~~p;icJ h} th~ ~1~,rt~a~rr :~,ntinu~ng lien o( [~u, mortgagt trr the amount of the dcht not :t ~t, ,,~:i~~n, rithcr to thr rc~u~uun ,if the inJrh~c,r:r.~ hcrch~ :hrn Jue end ~npaid In ,u~h ~:~tir the ~rutii~i~>ns uf this r~urr~ ~~r tv thc re~t~~:a:~un ~~r re~au ~~f thc rrc~prrt~ ~famagci! {~arsgra~~h ma} again hc a~.a:ird uf thereafter hum t~me te t~mc ~ r~rt~! uf t~~rcii.~,urr ~~f this rn;,rt~~gc .ir,d ~~thrr tr;ir.~fcr u( titlc hy thc ~t~~rtgagrr. s :fir m~~rt~aged pr~~~rrt~ in c~tinhuti~hnieni ,,f thc sn~lcbteJ~2e.; f ,_.urr:! her~h}, all n~h:. ti(IC. 3R~ in:erc+! thc ~turtgs~t.~r in I1. Tha? fir Kill knr ~trrnrJiate n~~u~e h} mail tcf ?he ~lurtgagee i ar.:l t;+ am in+ursn~C ~.~li~te; ttrcn in C<<;,e ~haU r.f,. t~~ (hr {~ur- ~~f an} .~rn:r)an.c. ;tan.ter. uf change e)( uwntnh:r ~~f lhe _;:a~cr ~,r grantrc. ~~rrmi~e~ 3 ~ ! S. 1 hat if the prrm~sr~. ~>r arti F~ar! tt~er~~~!, hr ~c>n~rmr.e:l 12. Tha; n~~ ~ai~er of ans ~u~enant he:cm ur c~t the ~~hii~ae~t~r. ~ :r,Jrr .~n} r~~Nrr r1 rrn~ntn; :1ti~:;i.iin, ~~r a;ywrr~! fur ~~ut;i~ uu. ~r~~rcd h,rcb} ~h:,li at any timt ttiereaftcr be htW tu hc ~a ~s~~rr •iir Jamas;es, ~ru,rc~i+, er;a in :t~f;tii~cra;~~~n f.~r su;h acyui.r,i~~rz, uf thc t~rm~ hcrci~f or u1 the nott ~e.ured hc~eb~. !!ir eitent ~,f the tul! en:~~urit ~~i ~n~t:h:e,fru.~ u~~.~n ttu~ ~turt :.~gc, and !hr tiuti ticcureJ hrrrh. rr~~i~~n:n~ ~:fl(~dl,, 3ft hcrchti 13. Ihal if the ~1~utgag~~? Jtfault ir an~ o( the ~v~enant~ ur +,~itnrd h} ;he ~inrtgagur t~~ the l1,r,;F,~Kcc an~; ,hai! t,e ~~~a~.! :,krccmrnn ;emtauird herein, ur in eafd nute, then the ,tortgaFcc •~~rtt:~i:h t;~ the \1~utheFrc t~~ t~ .,~,~-!:c:i h~. ~~:i ,i:"~;;nt ~~i r.hr m~~ prrf~~rm the samt, anJ ali e~pendnure, I~ncluding ?rati"nablr :r~~rhtr,fnc,~ .c.urec~ hcrrs~., ;,herhrr dur ~,r n:~~t ~;turne~'i iees; maJe h~ :he ~tortgagec ~n .s~ du~ng ,hall draw in terc~t at the rate ~et furth ir~ thc note serurcci hrrehy, an~ ~hatl be 9. ( t~a~ !ti: ~t~~rtkarrr n~.i~.. at anti t,mc ~er~;~;:~ s~~:ir u~,,~n rr~~~~ab!e immcdiatrly and withuut demar.d b} the ~lurtgagor tu '~il~ fil.~(IxeK~-, a~•i~i~ ;i~ !~'.c :u:1(! iie~:t~K ~cu~.(~I.;~t~il (fiCfCU~ Il~f lf1C ~~~)fi~ager. 7iil~. [t)~jCiflff Nlfh Ii7lffC)1 d~it~ :U~iS 3iifU(h~' [hc ap~w~iiumrnt u! a rc.ri.cr. and ti~~:h ~c~urt ~heii !~~rthw~th a~ ,hcrcun. tihalE ht ticiurtd b} thit muttgagc . ,~~int a rt.cntr ~~t thc prcnuccti :~r~ered hrrcby ail .~nd Singu?ar, :n~luding :ell ane: ~~~i~;uler the in~o?nr, prnl~tt, ;•,ur., and rr~rnue~ fi. That the mail~~ig of a wntter~ notire ~~r deman~i .?ddrcs~ed tu tr;~m whair+cr ,uurtr Jen:ed, each and e~er~ i~! wh~ch, it he~ng ttic ~.~wner o! re~~rrd of ,ht rnurtgaged prem~+t~, or diretced to the rtprctitil> un~cntlN.1, is hcreb. rtwrtgagrd a~ s{xc,fi~sil} ~ct ~a~d ~~wnrr at thc latit address actualh turnished tc> the Murtgagce, t~~r;h end dr~.r~hcd iri the granting Lnd hahcn~fuR~ :lautics hcrc~~f. ~~r ~firectcd to wid owner sl ea~d mortgageei premi5es, and mailed ~r~J ~uch rc~c,~er :ha:l ha•.e ali the hr~~.~d a~id ef+r~u.e funct~un~ h~ the l n~ted Sta~e~ mai{:, ~hall ix tiuff~~icnt notiie and demard .,i,J Mr..er+ ~r .,nsH~u cnlru~ted by a ~uurt tu ~ rr.ri~cr, ar.d ~n df11 id~f ~(lSlil~t w:dcr thiti in~triimcnt rnd reyu~rrd M thr pro- ..h ~;~~~~,~nt:i~rn! ,hail he n:~dc hy ,u~h :~~urt ac ~n a.ln;ittrd ~i~is~nt hcrc.~f ~~t h~ I~N. ~.~u~t•. .:n~ .a r:7a~tc: ul ai~,~ilutc n~t~t ;i, ~a;~1 Vurtgegrc. arid 597 ?~~E 922 c',i,~r 3 NU0 92110M 1 - , . . _ - - - x r ~ ~z _ "'~~_~~x ~~~~~~~~~~>x~~'~"° ~