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HomeMy WebLinkAbout0930 ~I ~ ~ ~ li;at t~r ~~I1 ~rrinit, :~~n~nut. .,r .iittrr n~~ Ha.tr. ~m{~a~rmrnt. Huhruc rrtrrrnir tu lhr adryu:~~y ur ina~lryua:y uf thr ~a1ur u( ~1:•;rn.~t.i~i~~n ~~t ,a~d E,~u{xrt~ ur an> {~srt ttirrr~~t: and in ~hr ~hr pru~~rt> mi~rtgegcd or to thc ~olscncy cr imuhenry of ~a:J ~•.r~i[ „f thr ta~lure rl tiir ~lurtgagur ;u ~,rr~ thr huildin~;, un \tuscgagor ur thc JricnJants, and that turh rcnt+, pr~(it~, in- .~i.l ~rem~.r~ an.f thu~r to be rrr.tr.f .~n +aid prrnutir~. ~~r mi c~~ine, ~+sur~, and re«nues ~hall tx appl~ecf b~ wch rreei~er arcur- ; ~~~~rmrntti thrreun, ~ii g~x+J repsir, :hr ~tungagcti nia> mal.r ~fing to the lirn of thi4 murtg~ge and the practi~e of such cuurt. ~u~h rcifd~r. i:~ !t, ~i.cret~e~n ~t n~a~ ~rrm nr,c.~ary fur thr I~i the c~cnt of any defauh un the part ~~f the ~lurtgagur r'•!U~Kf prr~rnanun thereut, and ~hr full am~~unt ~rC rs~h an~f hcrc~tider, the ~1u;igagor agree~ ~o pa~ to the \1or~gagee un dr- ~~rr. ,u~h j•aymcnt ,haU hr immr~liatcly ~ur 31l~ ~1:1\ahir, an~ man~i s. a rras~~nablc monthh remal (nr the prcm~se~ an amount ~l:.~li hr •~c~u«1 h~ thr lien ~~f ths+ \turtKa~r. al lrstit ryu~~alen; to ~~ne-twclfth 11 1~1 ut %he aggrrgate of thr turl~r monthh instalimrnts pa~able in tht then rurrent ~rsr piu~ 6. ihat hr ~ill pa} all .irJ ,~nYUl,~r thr :u,t,, ;hargr,, ~nd r~- !t:c sctual ~rn~unt of the annuai ta~c~, a+~r~timrnts, water ratrc. ;~.;~.c~, m:iu~iing IC1~Uf7.lF`IC I3NtiCt~~ frr., ar~~1 :u~t~ of ab~tract, and inwrance premiumi ior w.h ~rar nut ..i~tred hy thr •r ;~tlr, in~urrrd ~~r ~aid a! an. t~mr br thr ~i~~rt~c3grr hr.au.r ~~t af~~ir.:ud m:;nthi} {~n}mrnts. ''~r lailurc :vi lfir ~art uf thr ~t~~rtga?~~r ~rrn~~tl~ ~n~1 full~ t~~ ;~~rturrn the agrrrrnrnt. and i.»rnai~t. u! .aiJ {~r.~m~+wn nutc 10. Ihat ia1 in the r~ent ~~t an} hrea~h thi; murtgaee ur ; ~ ~n.1 :hi. mur.faKr. ,sn:l ,ai.1 ~u.t~. ;harkr,. .+n~i r~~rn~es .h.t!1 hr .irtauh ~,n ;hc pan of thc ~tc~rtgagur. ur Ib) ~n lhr t~ent ttiet en~ ~ ::n~r.i~atr{. .fur sr,J ~~.~~al~;r ,~r;J ,t;.~ii hc ,r:urrJ M thr I~rr c~t ~s~d wrzu muney herein rcferred tc~ t~r not prumpt{~ an~i ~n~~rtk.+~;r. !uii} paiJ µ~th~~ut dcmac~J ot nuci~e, ur m thc c~ent that caih ' at3J r~rry ~~f the ~tipulatwne, agrcrmrnt,, cundiuon., and ~ Ih.ts ti~ Wil1 krcj~ ~hr ~rnti,r;~~rmrn;, r,;~N r~i~r~~~ ~,r hrrr.~lter ~o~rnant. o( ~aid notr and this mortgage. are n~t dui., promp?I~, ' ;,!r~ ~~z~ ~t~r m~~rt~:,~rJ ~r~~tik~r~~ ~r,~urr.1 e~ rns~ h: rcy::ucJ en.i fu?!~ 4~crformrd: thcn ~r. ruhrr i~t an~ w~h e~ent. ihe ~aid ag ~ -~m t~mc :c~ nmr l~~ thr ~f~•ri~a~rt ag~,r+t I~~+~ h~ !irr a~~:i ~~thr~ .rrgatr .um mcnuunrd in ~aid n~~tc thtn rcmaia~ng urpaid, w~th ~.ir~,. :.i~lldiUC~. df;, ;unt~n~trn:ic, tn w;h .s~nru~it, an~1 l;~~ ~n!rrr,t s,.rurd tu that umc. an~f all mone>3 se~ured heteby, sfiell ' .;i ~tn~~cJ+ a+ tna~ hr !rywrr~l h~ \1.~tl.s~cc. ~n~ '~+il; ~+e~ hri~.~nic clut arcl ; ayable fcttihMtth, i~t thrttaffe[, at th~ u~ii~+n uf ~ ~ m ii~. ~~hrn :1~r. a:~} rcm~~~m• on w.h :n,ur.in:r fur •e~ ,.:~J ~1urt•a cc ati tuli~ and cum Irtch ati if all uf thr ~a:d ~urn5 ' P t' i b• E'"- P ; ,i~; ut ~.+hi;h prc~ti:su~r: hn~ n.~t heen madr hrrrinhet~+rr. :\!I i~i zrunr. ucrc ;~n~c~nall~ stipulated te~ be , sid un ~u.h da}. s ,.~r~r~.e +hstl he :arr,r~i ~n ~..~mpan~r, ap~r~~~rc1 h} ~i.~rtre;.rr •+n~ ~mthing in .a;J nute or m ihiti rnortgage to the ~i,ntrar~ nii:- s ~uli~irs ~nd rrnt~al~ thrrtut ~I~eli t~e hrlJ hy ~turt~;errr an.f H~th~tandin~; sr~J thereupun or thereatter, at the opt~on of ,atid ~ ..~.r ariachr~l thrrci.~ I.~tti peyahlr :la.ue~ ;r. ~,i~~~r c~! at~:! iir f~~lrn ~l+~;:gagtr, ++~tft;~u; nuh~c or drmattJ. Swi al !3~ ut in tyu~t}. i _c~tai~Ec te~ thc ~1~,r,~a~rc In e~rnt .,t l,~.~ tie Nifi .i~r im rn.~~ hc pro~ct~tr~7 a~ if alk rn~me>s ~e~urcd hereb~ had mature.i ~:ccl~a,r r~~,i,c h~ rneil tu ~1~~rtga~cr, an.1 ~1~~riEe.rr sn.~~ n~nl.r ~ri,~r t~~ ~t~ in.t~tu;~.m Thr ~lurtgagcr ma) forc:lu4e thi~ m.~rt- f ; r~a~t u~ i:~.. ~t n~~t madc prurn, tl~ h~ ~i~,rtga~:ur, .tnd r~~h nz ~.afr. a~ ti, thr :lm~,unt cci dr<larrd ~uc ar:d patablc, and thc ~aid ,ra~,~r .~,nt~an} :un~rrne~i i, hrrcb} a:}thun~t~ ~nil dirc~t~.f t~, ~~rriiu~c> >hall he ,~,1~1 tc> >aei~f} an.1 ~a} tht same togethtr with ~ :n,ilc pnynlrat fur su,h !v„ ciircitl~ t~, thr ~trrt~.ittc ui~tca~ .~„t~, r~pcr.~t~, and ailvwan~e.. In ca~e of partial foreclosurc of ~ ~ tt~r ~ir~tgag~~r di3~S [F1C \t~utgagrr ju~ntl}, and the ititittta?;iC ;h;~ rnrvtiagt, thc murtgaged premi~a shali t*e ~oid ~ub~e~t to the : ,-~~.crd5, vr 3n~ ;.art ~hcrrc~l, ms~ hr a~~~i~r.i h~ ;hr ~f~utgegrr .~~~~t.r~u;~g licn cif thi, sn~+rtga~c tor the amount of the Jrbt not ~ ~~p~i~~n, cithri t~~ thr rc.iuit:crn ~~t thr ;ndrhtr~nr.~ hctrh~ ~hen ~iut a~~ un~ aid. In suih ~acr the ~to~itiiun~ i~f thi~ _•~urr.1 t~r t~~ thr rrtit~~reU~~n ~~r rr(~air uf thc ~r.~~~rrt~ :1sn~~gr;1 `are~ra~h ma~ again hK ~~ailr~l ~~t (htreaftct from timc tc~ t~mr ~ I:: t~tnc ~~i furrcit~~urc nf thi. m~~rt~taKc .~nd ~~thrr transfer c~f c~tlr hy thr ~iortgagrc ~ ~ tt~r rn~rr,~e~;r~ {~ra~~crt. in rtti~~~w~hrnrnt of tlit ~ndehte:}nr;, .c~urcd herrh~, ali nght, t~tle, an~ sr,terc~t ~~f thc \lurtg,~g,~r in Ii. Ihat hr ~il: gi~e ~rr.n~r.!iatr nr.n.e b} ma~) le~ the \ie~rttagrr € ~ ~ 1fl} 1:11Ufdfl:C ~hJil~~:t~ EhCfl ~R 'C~~i.C ~hd~i (~d!~ (ir eliC ~U!~ U! dli~ .uf1~Ct~fl~C. :f3tlift(, Uf ihdii~2C O~ UKII~t~fll(S itf l~lf _~ld~t'i Uf ~2fJf]lCZ. ~(C(ll~~:t. k k 8. fha~ ;E the ~rrtn~.r~, t,r .~n~ ,~~r~ ~hrr~,~f. hr <<~n:frm~:r~i 12. il~at n~~ r+ai+tr e~i am ~u~enan~ here~n c,r of the uhL•gat~~~n ~ ~cr .~a~ ~~~:+cr uf emi::ent .lumein, .~r a~yu~~r~! fur e~uh:;~ u~r, ,etiurrd hrrch~ thail at an~ time thercafter be held to he a•.~.~i~c~ „arn,lgc~, rn~._rcJ~. en~f ~n .un,;~'.r*eu~~n f~~r w:h a~y~:.ici~,ri. rf thc termc herct~~ nr ~,f !he nutc sr~urecf htrrhy. thr cxtrns ~~t the !ul! am~=:;rit ~~t i~~fchtrc:nrti4 upun th~~ \;,~rt- ; :~~r. :e::d !hc tivte x~urcd t:crrM rc~~iai~u:~K uri~~.~i~S. arc herch~. 13. That il thr ~irrtgagor defauit in an~ uf the ~r~cnant~ ur :•,~~nr~1 h~ e!;e \t~}r:r..gur :hr \1.+rtr.iter nr;.f ~!;.ili hc ~»..7 a~rermen~~ :ut~ta~nrd hertin. ~~r in said rote. then the !~t.irtga~ce .,r~t::+.;h tu ,hc S1~zrtNaKrr hc ~pplic~ :t (?(i d:~ilU{l1 uf 'fir ma~ ~crlcum thc ;ame. and all n~xndicurcs I~nrlud~r:g rra~~~r_ahle ,;arh;r.7~ir" ,e,tireel h~rrh}. µhrrher duc ~,r r~,~ .~!;:~rrr~'s fce.t ma~le b} !he ~1e~r,gag~e in 40 ~1oi~~g ,hsil ~1r~w in- trres; at thc rate set f~~rth in the nexe seiu:cd hcreb}, and shafl hc - 4. ~~:.t; (~iC ~T~~f'keuCC tS1dt. ,il .ttlS !tf;tt j'Cfl~.:~;:k :i ~tt~? i;~~~+it TC(`a~.ahlt imrnidialcl} 8I1(j wlthUUt l~~mand h~ ihC ~~:~!l~d~Jf !U i,~. rn~u:~sgr. ~~p~~ ;hc ;~~urt ~;.i~.in~ ;urs,~,.t!:~n ihcre.~t l~+r ;hr ~1~~rtgaFtc. and, tc~gethcr with tntcrest <~nd ~oct~ a..rwng - .hr a~~~~~~:;in~cnt ~,1 1 tc~ri,cr, anil ~u~h .~~~ar, .ha~! t~,rihHttt; a{~ !h~~rc~,n. ~haif ~r +e~urcJ h} th~s m~rigagt. s,~,~rzt a re:r;ticr uf the prcmi,t~ ~u~crrd hurh} all and ;inguisr, :r~.lu~ing ~!1 and ~ingular the incumc, pr.iiitti, :~.uc+, and rrticnue. IJ. 1 hat the mail~ng uf a wntten non~e or ciemand a.iJressc~ tu ~rum uhai<~cr ,~~uccc ~irn~rJ, ca.h and c~err ~~t kli~ch, it t~r~ng tnc uNn°r ~~1 rece~rd of tht murtgagcd prcm:ses, or direiled to the ti~Prc.~ly undentexxl, i+ hcreb} rn:~rtKagcd 3~ if sGxiiti.all} ~ct .a~~ u~ne: at thc :ast a~idres~ a.tually furni~hed to the ~iortgagee. t~~rth en~! detirnhrd in the grantir,~ J(li~ fidf?ftli~Ufli ~lau;c, i~erc~~t. c~r ~iirectcd eu ti.~id ~,wncr at tia~d mc~r~gaged premiceti. anci ma~ie~ ere3 ,u.h recei~cr ,hali hetie sll th~ hruad ar~~f elftiti~e fun.u~,n, hs thc t nited ~tatei ma~ls, +hai! he suffic~ent not~~e ard demand ar,~ ~~µcr~ m an~~;;t tntrustcJ b~ e ~~~ur~ tc~ e rc.r~rr, a;iJ ,n .~n> ca.e an5in~; uncicr th;~ ~n.triunent xnd rtyu~r;d h~ che pri~ ~u.h ePt~._::s;t~n~n! +hsll ht meJc hy ;~.~a .~,;~rt ,i~ ar. a::rn,:t.J ~i:~~,n~ hrics~f ut n~ lau :~au~t, an~ ~;i.~:!c~ ~~f et,.,,i:;~c nth; tu ~~:~1 ~i,,rt~tskcr. sr~cl ;'~`~~597 ~29 ~,_;e .f a HU'J 921 tOiN t - _ aG """'~~'~t 74,~. - ~ ~ ~ ~ _ ~i~-~'-~a°~~~€ ~.ne~s ...,"~.~a~~z''-`~.~