HomeMy WebLinkAbout0951 1 h,~; hc K~fl {~r~rnit, ~um:n~t, ~~r .uftrr nu Wa,te, impa~rrnrnt, wmr, i.~ue,, and re~enur> >hall t>t appl~rd bti ~u:h reiei:er a~.~~r-
~•r .lrtrn.~rau~~n uf tiaid pruprrt~ ur an~ pan thrrcu(; and m the ding to the lirn o( thi~ murtgage and the ~racuce of wch wurt.
:~rnt uf thr failurr uf thc ,tortgagur [o kcrp the h~ildings un (r. the r~rnt o( any dcfaull un the part o( tht ~tortgagor
~a~J {~rrini~e. ar!d shu~c tu be rrc~trd on tiaid prcmises, or im hercunder, tht ~tc~rtgagor agrees to pa~ to the ~lortgagre on de-
;~ru~rrnrnt. therrun, m g~kx1 rrp;~~r, the ~t~~rtgager may maAr mand as a rr~conablr m~~nthly rentai for the premises an amount
~:i.h rrp.u~, a~ in itti ~fisrreu~n it ma~ deem ncre,sar~ foc the at Ira~t equi~alent t~ ~ine-Iwtl[th li 'i~? of the a~regate o( ihr
,~r~~~rr , rr.rr~auun thrreuf, and thr fuli arnount ~~f rath and t~el~e munthly initallments pa}able in :he ther~ currc~t ~tar plu+
r~r~~ ,ucii p~~mrnt ,tiall br immediatriy dur an~ {~a}able, and the aiwal amoun~ of the :~~nual ta+ers, a~sr~sments, Hater ratr~,
~'i~il he ,r;z~~cJ b> thr lirn ~~f thi, ~turtgage. ~nd ~nsuren~e prrmiums (or ct~,h ~rar not ~o~crcd b~ the
eforc~aid munthly pa~men~s.
6. that hr will pa~ al! stid ~ingular the cu~ts, ;hargrs, and ei-
~~~n.t.. ~n;luding rcaiunahie Isw~er's lees, and co.h uf abitratt~ !0. That (a) in the e~ent of any brea~h uf this murtgagc or
t~tlr, ~ncurrcd ur pei~ at .in~ timr b} thz ~turtK:~kre txrau,e uf drtauit on ihc part of tt:e ~turtgagor, ur (b? ~n the t.ent tfiiat an~
:i~t f:silure vn thr part uf thc \tortgsgc~r prompth and full~ t~~ ot ~a~d ,um, .~f moncy hcrc~n rcferrcd tu be not prumptly an:i
E ;~crlu;m the agrcrmri~t~ snd :u~cnants uf ta~d prom~ssor} notr full> pald w~thuut demand c~r noti~e, vr (c? in the e~rnt that cach
+:;J thi+ irurtga~c, and ,aid ::»t,, ihargel, and ctptn~ee ,hal{ br and e~rr} u( the tit~putanons, agreemrnts, iunditiont, and
,::lr,r.!iatrl} dur an~i pa~~hle and ,hel{ t+~ .rcure~ b> the ticti uf iu~crs,~r.t~ nf said nute and this murtgage, are not duly, prompti.,
tiwrtga~e and full~ Gxrfurmecl: ehrn ~n either :~r anj• wch e~ent, the ~aid ag-
gregatc ;um mentiuncYl in said note then remaining unpaid. Nith
7. l hat he Hill ~,rr~ thr impr~~~rments rc~w rx~.t~ng ~~r hereafter interest accrued to that t~me, and alt mane}•s secured herth~, sha!!
~~t~tr~ un thr rnurtga~trd pruptrty ir.surcd a~ rnay hr rryu~rcd hr~u~nr due and pa~able lorthwith, vr thereafter, at the opnun uf
•~~~m urnz t~~ tinir h~ the \1.ir[ga~;re ega~nti! I~~s~ b~ fuc and uthrr iai~f ~turtgager, as fully and cumpletriy ati if all of the said ~ur~~~
':~~ard~. ~atiualt~t~, an.! :unungcn;~e~ in w.h amc>unts 3nd fur ul m~~ncy werc uriginally ~tipulated to bt paid r~n such da~,
; ~.h ~rn~nis ma} ht rey~eirr.: by ~tortgaget, and aill p.t} anyth~ng in .aid r~~te ur in this mo:tgage ta the contrar~ not
! ,~:~m{~tly, whrn :1ur, am prtti~t4.nti ort su:h iniuranre (ur pay- wtthtitsnc]ing; and thereupon or thcreafter, at thc opsiun ut .ai.1
~ ~rrnt uf whiih pru~i.~un has not bern made hrrnnbcforc. :U( in \1urtKagrc, u~thout nunce ur dcmand, suit at laN or in eyu~t},
i ~.iran~r ,hall hr .arnr~ ~n ~ompanics appcu~rd b} ~tortgagrr anc! ma> hc ~ruu~utcd 3i if all monrys sccurcd hcrrb~ had matur~d
! •t:c pu?~,~e~ and rrneya;~ thrrruf shall t>r held b} ~lortk,~gcr and prwr co tt~ ~nsntunun. "The ,1c~rtgagee may~ (ort~luse this mort-
€ •.~~c att~ihed thrrr~c? f.x~ ~ayable ~~ausr~ ~n fa~or of and in furm gagr, ~s to thc ~muunt .o dccfarcd due and pa?able, and ?hc ~ai:f
~ :.:r~tablc t~~ thr ~1~~rtgagre. in c~cnt of Ic~v he Nil! g~~t im- prem~~ci shall tx w(c! to santif} and pa~ thc same tugether ~~i;h
~ ;:r:S;ecr n~~ucc n~ m,~i1 tc~ \lurtga~ce, enJ ~lurtgagce ma~ ;nal.r :u~tti, e~prnse~, an~ alli+Nan:e~ In ,asr of pa:tial f.~rccluwre of
~ •~~uf u! lu~~ if n.~t ma~ic ~rum~ttl} by ~~O([~d~2Uf, and rs~h ~n ihi. mc~rtgage, the nzorlgagc~ prcmiscs chs{l ht to;d sub~e~t tc~ ttir
~ ;;sr:r ~um~~en} ~,~_in~rrntd is hrrcb} authur~c~7 and ~iiretted t~~ ~unT.!nuing licn af th~~ mortgage f~r the amount of tnt Jtbt nut
~ ;~~ai.c pa~rnrnt iiu ~ii.h fu~~ ~irrc[I} tu the \tortgagtc ~m!c~d ut thcn due and un~aid. In wch i3sc thr pr~»i,~un; thu
:he ~t~,r;~agur S[1J Illr \tortgagee ~~~:ntl~. and the insuran:e ~3(J}~(3(~h fTld} again hr a.a~lyd of the:ca[ter 1r.~m nmr tu nme
;~•u.rc~S,. a+~} ~~an thcrc~~f, mar he appi~ed b} the ~t~~rt~a~tr h} thc ~tortgagcr.
~ u~.t!~;n. rithr~ t~~ the rrciuchun ot the ~ncltFttdrtcs~ hcrrhy
F :~,,~rr.! .~r tu ;he rr.t.ua,~~m ur repair ui thr pto~ert~ ~iam~krd II. That hc +~~II Ki~r ammc~f;etc m~t~~c h~ rnail !he if~~rt~eeger
~ r.cr~t f~~:ecl~»ure ~~f ?hi. trturtgage ar.d uthet Iranti~c~ ;~1 t:tle ~~f ans i~~ntir}~n~c, tr3n~ltr. ~.~r ,has:Ee ~~t uwnrnh~p t!1 t5r
° ~;h: rr,urt~t.igcd pre~~rrt~ ~n e~t~ngui;hrnent of the in~ebtrJnr.~ ~trmiu•
~ ,_:ure~t hrreh~, ~li ri~h:, ntlc, srid inierest uf the \turtgag~~r in
; ~:~:1 tu an~ ;n,uran~e t:~~L:ic~ thcn in furnc tihs{I , tr thc Pu; 1:. Fhat n~~ ~ar.cr ar~~ :o~rnant herr~n nr the ~~hligat:~~n
t '..:~cr .~r lr.~~itrr ucure~ hereh} ~ha!I 3l 3ny umt :hrre~fter be he?d t~~ he a He:~rr
€
~ c~f the terrns hcrrof o: c~( thc ~otc .c~ured herch}.
~ 8. 1 h.t; ;1 thc pirnu~r~. u! an~ part thrrc~~f, hr :i~i!:7cmnrJ
~ .n,1er ;~nr ~c:HCr ~~f cm~:~~n: dc~main, ~~r a~yuucJ tur s publi~ utir, 13. l hat i( Ihc ~t.irtg~gc+r :.fefauft rn any of the :~~srn~r~t• ur
~hc Jam~~r., pr~xrr~s. anJ in ~~mtii~lcrauun fut 1u;h atyu;::uun, agrcementc cunta~nrd hcrcin. ur ~n vid nutc. then Ihe \lortgaFec
: tt:c :titrnt ul the full am~~unt uf ir.drhttdnc.. u~~n thi, ~ture mar perfc~rm the sasnc, and a(I ei~xnd~tures (including res,onablc
¢ :J~C, dfid :he tiutr ucurr~l herrh~ fCttidl(li(}g unpa.d, arc herchy attc~rne}'+ (ee~} made h~ the ~turtgagee ~n so doing shali draN in-
~ ~,.~gnc~ b~ thc `t<utgagur tu the ~1~rtgagre .~nd ~i3a1! hr pa:d tcre~t at the rate ut forth in the ~iu;e ucurcd htreb}, and `hall he
rr±ti..~th t~~ thc \f„r;gafrc tu hc a~~+licd h~ it un a~~c~~.,r~~ ~~f !t~c reE~ayable imrned:,~~el} snd Ni~haut demar.d by thc ~t«rtgegor t~r
;r:;ithirJiu-•. ~r~ure~i h~reM, whc;hcr duc e~r n+>, !he llcrrtgager, a«d, t~~¢ethtr .+~th interr~t and ~1~~[~ a~.rutr,ti
thrreun, tihal! he se.:urcJ h} thi~ murtgege
9. lhat ;hc ~t~,r;;~:krc rr.a~, .~t an} tmu rrnclin~t a cuit u~~~n
~h;•. rr~~r;~:s~c, e~,~l} tu the ~~~::r; he~;ng ~Uf1~~:I~tiUii I~~ercc,i fur li~ ltiat the maiiing ~~f a~t~ttcn nut~tie ~>r demand aSilrc«rd s~~
't~c epr~~~ntrr~rn~ ut :3 rt.ci~tr. arc: tiu~h ~uiirt ~hal! t~~rthµ~th a~ ttir uunrr u( rciurd uf t}u mur;gaged prrriii~rs, or dise.trd tu the
j~:~int a re:ri~t~ u( thc pre~ni.f~ ;u~errd tiercby alt ariJ ~ingutar, ~a~J u~ncr at the last a~idress actuaily furn~~hed to the ?t~~rtgagte.
~n,tu,fing all and tiirgular thr in~umc, pr~~fit,. iscue+, snd re~enur. i~r ~irerted to .aid ~~~ner at ,a~d murtgaged prem~st., snd maifed
!r~mi whatctier S,iUi~C dentied, ra~h ard e~crr wh:ch, it hearig h~ the t'nitcd titatei ;na~lc, ~hall tx wff~:~rnt ~utl.e ar,d demand
rii~rr~,;y urdcnttx~.f, hereb~ murtgsgcJ a~ if s~t~stiraily ect ;n ~n~ :a~e ari5~r,g under this insuurnr,it and reyuired h} thc pres-
!~~r:h .~nd ~r~.nhrd in the granung and tiat~cndum ~:auses hcrc~~t. ~~~i;,n~ hcrc~~f ~,r h} law.
e;td ~u~h rc~c~~cr +ha1i h.t.c al1 :hc hroad and effcrtne tunct!nnti
.~„d ~:~~cn in anyu;tr cn~rwlc~7 h~ a:c~urt to a rccci~cr, ar.d IS. (t~c ~1o~t~egur (urthrr ~~+:f(11t1I~ t3-~.~[ ~h~~uiJ th~~ rn~~;tg~gc
~u,h appu~ntrncnt ,hail ht madc hr eu~h ~uurt a+ an acirnitted :~nd the nute ~c.urcJ herrhr nti)1 i~e cl~gihlc (c~r n:+urarce under
ryui~~ a n~attcr o( ahw{ute nght tv .aid ~ter~g.~ger. ~nd the tiauunal Noutiu~g Act w~thin cight month~ frur.i the da?e
u,th~~~it rctcrtr~~c tc~ ~hc ac4cyua.~ +~r inadcy«3~ti vt ;he tialuc of hcrcc~f (writ!cn ~tatcmctzt of any uffi;cr of tht Ikrartmc;u ~~f
~h~ ~r~~,k:;t} snurtgegcd ur to thc ~rl•.cn.> ~x in~:~l~cn~y .aid H~~uvr,g anJ Urban [>r~elopmc:~t ~~r authun~ed agent uf the
~Sur!y~x~.~r ,~r ~he ~eten:iant~, ~n~! ;has .u~h rcntc, ~r«fi!~. ~n- tcrretarp Nuuvng and t;rhan [kticl~pmcnt datnl subseyurnt
c~;,:.~~ 4 r HU0 92110M 1
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