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HomeMy WebLinkAbout0944 i ~ . lii.u hr will ~x:mit. ~uinmit, ur ,ullcr nu ~~a,tr. im~~airmcnt, witlivut refcrrncr tu the ~dtyuar> or i~»Jryuac} ~:i !hr ~alur ~~t I~ •,irtrnurau.,n uf ,siJ ~,r~,pern ~~r any {,art thrrru(: anJ in thr ~he ~ro~erty murtgsgrd or to ~hc iul~t~icy ur ~n,i~l~en.~ uf SaiJ ut tht fa~lurr uf thr ~1~+rtgag.~r t~+ I,rr~ thr bwW~n~t~ ~~n ~lortgagor or the defendants, and that such rcn(s, prufit~. ~n- ~.ud {~rrnu,r~ an:i th.~:e tu ~ rrc:ted un .a~d premisr,, ur im ~unu, i~~ue+, and rr~enur~ shall be appl~rd b~ wch re~ei~er acrv~ ;~~~~:erntnt~ thrrr.~n, ~n g~K~d rr~a~r, the ~tortgagrr ms> tt~a?r ~fuig to thr :irn uf thi~ rnurtgsge and the prarti~r uf wih ~~~urt. ;,h rr~~~n s+ in itti Ji~;rrtiun ~t ma> drrm ne~rti.ar~ tur thr In the e~ent uf any dtfault on thc part c~f thr .lturtgagc>r I ~,~~kr prrtizn~n~~n thrrcuf, and ~tie full amuunt ol ta~h anJ hrreunder, the ~turtga~or agrees to pa~ to the ~1uri~~gce ~Tn ~tr- .~r~ wrh pa~mtnt +hali tx ~mmrd~atcl~ dur anJ ~~>ahlr. an.i man~1 a+ a rca~onablr munthl~ rent:+l fur thc prcrn~scs an .~muun! .il~ !~r .r.urr.f h~ thr lirn uf thi. \lurtg~gr. at (ra~t eyui~alent to ~ric•twrlfth 11 I_'1 ~~f ihe aggregatr ut thc , tHCl~c munthi> in,tai(mrm~ pa>ahle in thr ~hen current >ear plui ihac hr wili pa} all and +~ngular tht ~u,t., ~hargr~, an~i r~- thc a~tual am.~unt i~f thc annuat ta~r,, a+~r,.mrnts, watcr ratc~, ;~:n.~,, in:ludirtig rea~unable I1N~Cf~? ice~, and iu~tti uf ab~uact, ::nd ~n~uranit premiums for ~uih ycar nut co~ered b~ thr ,•itie. ~n~urred i~r paid at an~ nmr hy thr \iuttgagtt bt~su?e ~~f afu;t•sid monthir pa~mrnt~. :;ailure ~,n thr {~art uf the \1urtK.t~~~r prumpth 371~ ~UIIL :u ;rtt~m~ the agrcemr~~t~ and ~u~enantc ~,t ,a~~f ~rumn+~~r~ nute 10. ihat Ial ~r. thr e~rnt uf an~ hrrech :~f thi~ m~~rtgagc ~~r :h~~ murtgagr. an~ .a:d ~r~.t,. .hargr,. an~i r~prnse~ ~i~a!I h~ clctauit on che ~~rt of thr \to:tg:~Ke~r. ur Ihl m the r~cnt thnt an~ ~~,e.1+e~ri~ .fur ai~:l ~a>ahle e~:~i ,h.:11 hr .riurrd h~ ~h: lirn ul ~,f ~ai~1 +un» u! m~~nry hertu2 tefrtrrd ;u tx not prumptt~ ar~~ : ~(lIUfI~'d1C ~U~I) ~aid wthc~ut ~lrmand or no~~~e, ur li! in ihr e~cnt that each ~r..1 e~en uf ~hr stipu~ation~, agrerments, ronduiun5, and - ' f h.it !;t ~iil i,er{~ tt;r impru~emrnt. ;u•t~n~ ~+r h:r,a;~rr ~e~~enanti uf tiaid n!~te and thi~ mc~rtgage. are not duly, pr~?mrt~y. ;_tr~i .~n thr rn~~rtgeFr.f rruprrt} in.urrJ a~ u~e} hr ~ri{wrr.1 3Il(S IUII} ~rrfu;tnrd: thrn in r~~her or an~ wch r~rnl, thc +a~.~ ~rn t~tnr i~~ timr h} ;t~r ~fi~r?gakrc ~gain~t fu~. h~ firr .i~i~1 ~~~tirr ~rrgate ~um rnriit~unrd in +a~~ nute then rcmain~r~g un~aid, w~th ~,~r~f,. ..~~usiti:,, a~i:1 :~~nun.rn.~c~ in tu~h am~~un;, ar~d tc~r ~r.tcrc~t a;~rurd t;, that timc, and ali munc>s sc:urcc! hrrcb}. ~haii h Tcn~~~iti e~ n:e> h~c ;rywrr.i hc ~I~,rttaKrr. an~l Niii ~a~ ~«,vnr :1uc and ~~a~abic fe,r!hw~th. ur thcreaitcr. at the upu~,n ut ~m~tl~, Hhtn ~ur. .i.~~. j•ft(51IUISt~ ~~n tiuih in~ura:i~r f.~r ;~e. .atJ \t~~r~g~:gee, a~ (uli~ and iC~R1FIIC[CI) d5 lf 3II ot the ~aid tium~ I :;u uf ~hi;h Pro~i,~~~n tia. n.~t hren madr hrreinbcl~~re All :n c,! rn;,ne> wrrc ri;g~nsll) stipulaeed tu bt paid on se:,:h day, ~ ,;dtiit ~ha{I bt :arrirJ in .Umpan~c, appr~~~rd by ~i~~rtgeKre ~~id :,i.~thing iti .~i~ ci:~~e o~ ~n thi~ ~n~~rtg;~gt co lf~e :~,ntrary not- ~ _ p.~li,ir, and rrnr~al~ ttirrrut .heli bn c~id b~ ~1urt~;~~er an.~ N:I!ltii3:i.~ll]g; an:i !hcrruEx,n ur thcrtafter, al the u~uon uf ~a~;i ~ ~~r ~r.arhe~ ihcrrc~: 1~~.~ ~~~ahlc .feu,r~ ~n t~<<~r ~~f anJ in f~,rrr ~11,r~~~er. Kithuut nuh.e ur dcmend, swt at taN ~•r in eyuit~. = ; ,.:t~t~hlt t.~ thr \turtgahrr In r~rr.t uf lu» hr uiii ~cnc irn nia} hc pr~~+e:i;tc:f cl a11 n:unc~~ +e~urcd hercb~ had tnaturr.7 ~ia~r n.~u.t M ma~i cc~ \lnrtg.~~ce. snd ~t.+ct~nge~ tt~a: n:e1.r ~~s~~~r t~~ it~ ~n~t;tut+.un Thc ~tongager may forcclvsr this mrrt- ~ 1~~! ilj If~~~ it n.~t me~7c prum~tl> h~ 11~~rs~t~~cor, ar~~7 cach ir~ t1~Ct, 1~ t~~ thr arn,,unt declareJ due and pa~atsle, and the .s~~ ~ .~.~n~r :.~mp3ti> cun.trnr.~ i~ ht;rb± authurvcd ~nd d~rc:tcd tr ;:r~.,uu~ ~hali tx ,s~W tv wust} and pa~ ;ht tamt tugcthcr with ; ~.at.e ~a~rnent t~~r ~u:h :firtitlt tu thc ~lurtg~gee ~s~,trad ~~f ~u,t~, ci~x~nu.. and ali.~wancr~ In ca,,e of par:ia! forc.'lu+urc «f € the ~1<~rtgag~~r sn~ thr ~t~~rtg~gce 3~~~ntl}, :?nd chc in,uren.c thi. murtgage, thc mortg:~ged prem~sh tihall he ~old sub~e.t to the ;-~~:ced~, ur an~ part therr.,f, may tx appl~rd h~ the ~turt~.sgee .unt~nu~ng lien ~~t th~s murtRagr fur the amoum of ehe dzht not ~ it5 upnun, rtttier ;u ihr ttduc;s~m uf tht tnJ:htcdne~~ hereh~ thrn due ar,d unpa~d !r. tiuch cace the rro~t~iuns ~~f this r _,.~red ur tu the re~turaui~n ur rcpair uf ;he prupert} damagc.f j•arag:a~~h rna~ at.~.n hr :1~3:~Ctj ~~f thcrra(tcr frum umc t.~ timr ` r~rnt ol (oreil~~+ure u! thi, mortg~+.ge ~r.d othrr trantiier uf utlc M:he ~i~~stgegte E :he mortgaged pn~~xrty ~n c~nngw~hmcnt of thc ~ndebtc.inc.s r;ured hcrcb}, ~1! n~.h~, t~:ic, and mtrrest ~>f thr \i~~rt~ts~or in 11. ihat hr w;i; gitr irr~rnr~i,atc n.~u~c h} maii tu tht ~lurtgagzr ~ tc~ an} in,uran~e ~x~:~.~r. :hen ~n ;:~rce ihal! ~+:t~~ !u thr , ur ut eny ;c~n~r~nr.;e, tss~i.irr, ~~r ~hang~ o( t~wnrr.t~~` eif thr E `:.++er ~~r granire. {~rrnu~r, ~ R. E}idf ~f thr {~scmi.r~, ,~r .~n~ ~=art t~;rre~.+f. '~r ~~~i~1::nnt.1 12. tt~al n~, ~aai~cr ~~f an~ :ntirnan; htrt~n ur ef thc nhii~tatiur. _ ~.~:r an: ~~NCr ;m~r,ent ~~,me~~. ~~r e,yw~r,! !~~r e p~h!i. ~„r. tic:u~r~1 hr;eby •h~ll at an± tirne :tirrcaftcr hr held to hr a wai~cr :.iarnagc,, prc~~ercfc, and ~n cf,r~.i.!rran~~rt fc,r ,u,h a:yu:s:~~~}n. uS thc ~crrn. hrreuf i~r ~,t thc nutr ~e.ure~i t~erch~ ~ thc c~trnt uf thr tull arn.~unt ~~f indchtrJnres u~*c~n thtiti ~i:~rt- ; ` :.+rc, an~ thc `..~tc ~c~ured ticrch~ rcmain~ng u~`a~~, arn c~rrh~ 13. ( t~at ~f thc 1~t~1i~d~J! ~rfauf; in an~ of thr :oticnant~ ~~r ~ t :~~~gnrd h~ thc 1lurtg~~ur t~.+ ;hr ~t~lrt~atrc .sri~~ ~ha11 he r.+.~i .~grrrn!rnt~ ~crntainrd herein, ur in ~aid nute. lhen the ~i~irt~r:,ger ~.rthuith t~, the \lrrtgeKr: c~> s~~;~~:ru h~, it ~.~n s~:,+:~n, the ma~ ~+c~rfc~r:n the ~ame. an~1 ail e~Exn;fitvtt? (in~luding rra,unahie ~ichtcJnr~t «.urc.: hereh>. µh~:hrr ~ue n~~; ett~~rne}'. fce•.? maJe by thc itu~tgager in u~ J:~ing ,he!! c:raw in- tc~ctt at the rate ~rt Forth in the note +r.~rcYi hereh~, an:~ ~hali hr 9. Ihs; thr \1~~rtK.:~cr n~a~, .+t ~ny 'i;nc ~rr;..3iti~ a~::~t u;~~r rrCatiehle fillfntuietfl} :i[iS~ wi;huut dcman~f h> th~ \lc,rt~ta~ur to lliutt~.lKf. .l~~I} f~) tIIC :~~Uti hs"i~~ ;ur~,ci~~~i~~ri rt;rrr:~; ft~; thc tit~~r.gagec. and. ti~gcther .+:!h ~nterc,t ar.d ~o~t, a:r~usi:c . e e~~~~inunrnt uf e rc:ci~tr. wch ~uurt ~t;all t~,r,hN~+.h ai~ thcrci~n. ~hali bc 4c~urcd hy thi. m~~rtg~ge ;,~~tit a rcici~er ~~t thc ~rcrni~r~ w~cred hcrch~ a~~d tin:KU;er, ;:ludi~g ail and vngul~r ~hr sn~~~me. prut`its. :S~ues, and re~enur~ iJ. 7hat ~he maiL•ng ui a w,-~tten nu;iie or drniand adJrc~~e~S tu ~ ;r~~m whatc~er u~unr Jen~ed. cach a~d c~er~ c~f Nhich. ~1 hcii~g ;hc e,wner <if rc:urd of the murtgagcd ~rems,es. ur dirt~~ed tu 1he ~~rc;clr ~.;nJcr~soe,cl, is hrrcb> m~>rtgageil a~ if S~c~~(~~allr xt ;ai;1 ~runer at ths la.t addrr~+ artualiy furn~shed to thc ~icirsgagee. •;:t: and Jr,~r~tx~ in rhe grarn~zg and 'naben~fum c{ause; hrrcr~i, ;~r efueited tu ~aid owncr at .:uJ murtgaged prcnusei. aa~ mailcd ~u:h rc:ei~rr shail ha~c a!{ thc hruac! and cfie:titie fur.~t~um h+ inc l n~trd StA(Pt f113titi, ti}t:tll hf SUf~ICifR! nuu.c and ~emand - s~~:7 , t~µcrc ~n 3n>v.i.t cntrutitcd h} ~ ~uurt a i~~tncr, and ir. an> c~.r ari~ing un.icr ;hn inctrumcrit and rc~iu~rcd h~ thc ~+r~~ - ;,h ap,~n~,t~t~c,~t ~i:ell }~e r;isJe h} w~t; ;~~ur! e~ an adrti:tte~ ~~,i~~n+ tzrre~,( t,r h~ I.:µ arJ s R7dI~C7 ~~f ah,~,lutc n~ht tu .a~J V;,rtgagcc. an~! R 597 ~a~~ "~43 50±:« ~~,,.~N a HUD g2110M 1 " " _ f Tr ""'""'~i`i~ - , s +~w~a:.~ . :zzr:~3..,.._ .,,x:~ ~rv_.,,,.. -c.__.6~ .,Ar