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HomeMy WebLinkAbout0926 ~ ~ 4 Th,s ~nor?yaye ~s parsonai ro the Mortyayu~ here~n snd r~o conva~ar~cn snan bn maae by Mor!yayu~ ot the prr.n~~~ns ~~rre~~~ Je~~~r~paA or a~~y part ~ r~e;~~ wilh~~ul hr5! Obtdini~y ?hB U~'O~ W~i118~ lOnSdM ~~1 the Mortgagee In ine event Mwtyagee g~ves tn~s w~~cr~n Cpl~ytln! !he ~~dnICH ~idfned ~Il SUCh COlS- sece snall assume a~id agree to pay tne oG~~yat~on ev~der.ced by the prom:ssury note secured nereDy An~ : GrYUydn~d of the prope~t, nere~~ descr~Ded or part thn+eol ~n v~olat~on of t~e te~ms of th~s paragrapn snau ent~tte Mortyayee to acceiera~e ~he paymem o1 tne obi~ya~~on secured he~yby and a11 sums of -~ay secured ~ere~y sha~l et the ov~~on of Mortgegee Qecome due and peyable an~ ~n de~ault whetRer or not t~e same arB so duy and peyabte and m ~ 'r}auft by ih9 Spac~f~t tArmS hereof Noth~ng ~erein COnta:ned 3hAll pe const~ued to Const~tute A novrhon or re~ease Morigayor or anr s~bsequem owner ol ~~~:~~ty ur oDl~ydt~on undar [he prem~ssary note setured he~eby O~ th~s mortgage Dy ~eeson U} Ihe a~oresd~d dssumpt~un o1 the oGl~gahon undei the nGte ,;rpd hereby by a subsequent owner of t~e p~operty Aesu~bed he~e~n 5 Tnat +n ihe event ol a su~t be~ng ,nst~tuted to forec~ose th~s mortqage the Mortgagee shaii De ent~tied to apV~r at any nn,e dunng such foreclosure - ic~ the court !~av~ng ~ur~sd~ct~on !ne~eot lor the appOintment OI e r@Ce~ver o! all and s~nguiar the mor~gdyBA property dn(~ pl d~~ ~ents ~ncomes profits ? ,,.rs and rAVenues thereo~ hom w~a[soeve~ source denved and the~eupor, ~t ~s hereGy expressly corvendnted dnd agieed t~at Ihe cou~t shan fortnw~th sp~ ' . sucn rece~ver w~th the uSUel pOwe~S and dut~es oi rece~vers ~n hke cases and Sa~d a~Do~~tment shd~~ ~e n~dde by the ~ourt as e ma~te~ 01 s~nct nght to ~ ~~1u~tgayae and w~Mout ~efere~~ce to the adequacy or ~nadequacy of the value of the proDerty here~y mortgaged or to the so'~ency o~ insolvency o11h0 `,'..•tyagor o~ any other pa~ty Gefenda~t to such su~! The Mortgago~ ~ereby spsaf~cally wa~ves the ~~gnt to oGiect to tne appo+ntment o~ a rece~ver af ' ~e•~a~d and hereby expresslr consents tnat such appo~ntment shalf be made as an adm~tted equ~ty and as a ma[te~ u~ abso~u;e ~~yht to the Mortgagee and ~!~e same may be done w~thout nonce to the Mortgagor ; b That ~f any proceed~nys shou~A be ~nst~tuted aga~nst tne pr~pe~ty covered ~y tn~s rr,ortyaye upc,n eny ~~SI+N~ i~rn ur ;..~~n~ whether suUe~~or or ~un~o~ ~ . ~e,i uf t~~~s r.,~rtyage the Nlo~tyagee ~aY at ~ts opt~on ~mmed~ateiy upon ,nst~tut~vn of such su~t O~ Uur~r;y tnr pentirr~~y tne~euf cfectare t~~~s mo~tgage 5 t the• ~ndeUtednPSS sec~red he~eby due dnd pdyAD!e ~urthwrt~ and may dt ~t5 ophon proCeed !o ~o~8c~o~e !h~s murtyaye 7 To pay a~i anA s~~~g~ia~ tne costs fees charyes and e¦penses o~ every k~nd ~nc~uG -,y ;he :.ost U~ dn dbST~dCt O~ fii!P IO Sd~d ia~~ds ~ound ro Ge con . ~'^.I Ut e~pe~l~ent il~ ~0~~!~e:CfiUn K~~ih any swt ~O~ Ih@ fo~EClosu~e o? th~s mo~tyaye d~~d d!SU ~7~C7ud~n(~ WhCthr/ 'hr Murtyeyr.e ~1 U~~~(~dIE'd l4 Qdy SdRI@ O/ ~•••asor~Dig dttOrney 5 ~ee5 :nCUrred O~ expended at any hme by t?~e Mortgagee Decause o{ the ~a~iu~e o1 tne Mu~tyayu+ tu pe~~u~m r pmply with antl aD~d! ` t~r any O~ tn@ CUV~ndnlS cund~t~ons and ShGu~aUOnS of Sa~A prOm~SSOry note O~ M~s mo~tyaye if1 (hP, ~U~B:,~usuie uf tn:s rnprt.~aye d~~A ~n cU~lectmg thE i :~~t secured hereby w~tn o~ w~thvut ~ayai pro~eedinys and to re~mGurse the Mortgagee ior every payme+~t ma;1r, ur ~~:~u~reri !or any such pu~pose w~th ~n ~ +~bT (~di@ O~ PV@t~ St:i:h ;iayrnen! d2 ShB hi4nest rate a~thonred by ~aw suc~ pa~~ments and O~'i~!(,Jd2~U~7S W~!~~ inSP,'t'SS ShN/@On dS a~o~esa~d Shall ~ ~ by thF I;~.n he~eof I ~ 8 Tc kee~~ the Gu:~iLng or Uu~~d~nys ~~ow o~ hereat;er on Sa~d ~and insured agd~nst loss o~ damage Dy ~~~e exte~~ded coverdge ar.d other pe~i~s ~n ~ war esk msuran<e it ava~!db!e ~n d sum not IeSS than [he~r fuil insurable value at the cost and e;pense of tne Mo~tyaqo~ ~r a com~any o~ Companips .•,.rd by tne Mo~tyayee tr,e pol~cy o+ po~~c~es to be heid by the Mortgagee 'and such pot~cy o~ Roi~~~e5 ot ~r.s~rance snai~ nave ar!~¦ed ?nereto a Standard ~ .ti v.;~k Mortyayee Ciause «~ak~ng a~i ioss or lusses under sucn pol~cy or poi~c~es payabie to ;he Mortyagee as ~ts ~nte~est ~~av appea+ and to des~ver sa~d . , nr p~i:~~es to the Mv~t~3y~3E WhB~? iSSuP!~ W!f!1 tT~e ~a~e~PIS 10! tne uayme~r Cf tfie ~7!@.T.~Uri rt.erelJr a~~(l :n rr.e E•.C"•! 3'ty Su'~' :J~ TG•^•ey tiQCUirieS j ,~r r unc~er s„cn Doi:cV =~r pp!~r.'gS The MOrtgdgCe ShaH ndv0 th@ OpI~On t0 r@CE~vB dntl dpp~y IhB Sdm@ On dCGOU~~t Ot thF ;ndeLtednr.ss secured herepy or to ~ , ~ rnN MOrt~ja~~~~i in rPra~ve d~~~ uSg i! pr d~Y P~r( th9fapl (Or pthgr ~~~rMSCS W~rhOUt !r?@!Bhy Wd~y~ny n~ ~n.~,d:..n~ .9••y CQ~;t1 !:e~: O~ t~~Ti ii^~CT Ot ~'iy 9 ih~S rnortydge ar~d the Mortyayee ~e aeerns necessarY may v~ace and pay ~or sucn inS~ianCe o~ any G,art the~eo~ w~thout IGS:n9 w0iv~ng or af}ec- ? . ti'•~~;y,~caee s upuor fo~eciose ~or Urrach o~ th~s covenant or any pa~t the~eof or any r.gnt or ophun unc7er th~s mortyaye a^d eve~y such payment shaii ~ r:•rest horn ,~a*f~ the~eot unrl p3~d at fhe h~ghest rate autnor~ted Dy ~aw and a~t sucn paymen~s w~th mterest as a~oiesa~d snall be secu~ed by the 1~en ; • ,•~~,~t n~~ti cia~~~ayr ~s su~~ered P.~urtyayur shai! not~~y Mortgayee o~ such ~oss or ddfnaye w~tn~n iurty e~gnt ~d8i nours alter the nappenmg ' ~ i1.~ }d~~u'r Iu y~~r 5~~~.~ r•~Uh~.P Sf~3~i COnSh!ui@ d AClduii a~A tre Mortga~ee Shd~i h~tif li~c •,y;~~o ~ c c y,v8n }Gr dll dE(duli5 Tu ;~F~.T !:~~'•,,•,~t o~ s~~~!N• n~ wdstC anQ b~~A~r,tg,n the ~mp~OVempnt5 dt 3~! hme5 a state yuaA ~ePd~' d~cl Con~:t~On dnd t0 d0 O~ Germ~t t0 ~a a c~~e•~ ses •,c,c•,,~,y ••:a~ w:~ a~;e~ o~ cha^ge cne :.se and cna~acte~ o~ sa,d proo?.tv o, ~ a~~ vtia~ mpa • o~ wea~er~ tne secu+~t~ of sa~d mo~sgage . ..~1 .n,. .rf•.:53' '•Ni~'~ ,.,dl~ p} thN ti10rIQd:~pr eG ,ePa~~ a~A md~nla,n S3-C2 D~:iu2~2~ the Mo,tyayee mdi dS '!5 UP~~O^ n`,dMC SuCh ~epa~r5 Of C8U3E . t~: ,,~r te a•:•:~ e:•.e~ N es , t^at t~e^a~r wn s:,ms sna be se~~~ed Uv t~e ;e~ •,e~eo~ anQ Lea. .•r,es• a, •ne h•gnest rate autnanred Dy ' T~, ,fr. t:• et,s!~e ~~l~ et:s!•a. ts u' t.._ o•.e~ ',y InP mo~tuageA t:rot}r~t, te Mp••r~eyrv i;• .ts i7es~ynetvc .~qer ! w': c^ sna~~ dt a!~ t~me5 dunng . ~ ~ , . ..y i~~e:~.. ,~.~.,d • . ; ~ ti~eSS~~,•, .~~~.nN :~1o~tya:~er an<J rvrn~ nf r~.r 4:rFC ~'pSu~P ut . ..y m~~~!U~ye v~ otne~ '~d!~S!e~ of ?,!!e d': r~yht t~,lB dnd _ ~•.t. t;~.j..a:,, ~ a•~.1 !o :f~~: 5:..• aGSt'ac! i~r dbst•ac-:s ot !!:P s~a na55 !u '^e C~u~e.natis.. ~r yrantee -,,e~ ~ u wa~.e, a~ .v.e•~a~,t ne~r,:r~. o• tne o5 ~gai~on se~:u~ed nF~rDy s~e at d, y t^.e •.erre~te~ De n~ ~ t•, t~e a wa .e~ any o~ t~e other ' :.t':;~ ~,r ;.1~ tl,~. ~,.,_~~rrr~ na•H[ly :J~ ~ufuf@ Kd~~Cr O} i~~e Sdr'2 (J~Y~:dt?! _ ~IIAr ~~~r.~~•r if` :f~=, ~•!H•<1:P !~~P r~1dfU~~~~ J~ ~rP ~~.~iP~fP~~'1PSS ^PrHC~y SP~:.'E•:~ :1f; d:.SY UI rr.P ~d~~~~~P 2~`f~ ti~l~~~'~JI~U' 1(1 ~)dy 3'~Y tdA assessment ' ._;b;~ya+.,u~~ ,•~~t,+e~,..-e ~ au„ sa,q ,~•cpe,,.~ as he•e:,,. p•o•.•ctect ~ s^a ~~ut br ~e~-essa~. "c~ •ea~ s[e• ~r•at ~~~r Mcrcyayae sndn t,sr pay tne san~e 3 I , , ~ ~ ' s Tn~t ~ M:,r, •~y~~ ,!~,~r ta ~ ~ey ect o~ ~e~:,se ic~ a t;r• u<: c~r rn r.~ 3Q Arrs'~: e~~d ~,~ur^Dr, !c ua, s',e a~~u,.•rts ~eU~~reA to be pa,d D~• the ~ , - r'eby sb'.::'r 1 nr ,tr,r_sS •ne'? n sJec f ed J' d~+y D~ •~e s:.^'~s of ~ F. ^e r n~r!r„ed t~, o~ ^e~CG Se~v~ed o~ ^_t`'e~~h.se d~ r fuf+y anA promptly t0 f j • e.er„te :.un,l;~y w:tn 3nd ab~de Ly eac'+ e.ery o~ anti o~ the :o~e~.a..,ts .or.d •,o~~s ur s! pu'aLc,r.s u! rr.:s monyaye t!~e tl+om~ssc;ry note hergby ~ ~;.~nd o+ the conztru~c,o~ ~oa~, ay~eement ~f a~~~ :hen a~a ,r e.;r.e~ o, a^~ o' suc~ e~e~,ts v~~c,c,,,e nc,~,~.e c,+ den,an~S tne za~d aggregate sum men- ~ sa~A p~o~n sw~~ ~~~ce ess prev~ous pdY^'C~~IS any a~c1 a~~y ane7 a'~ Suf^5 mrr.s:unea nrre~n o~ SPIU~CO ne~ebr snai: becon,e due and payable 3 . r. ~r, or the~eaf!e~ at tne ~ont~nu~•,q opt~o~ o! tne Mc~tgagee as ~w;y ar~d ~cmp,ete;y as ~f ~a:d ayy~eyate s~~~s we~e or~y~;,ai~y s~~puia[ed to be ~a~d at ~.~~N dny!h~ny ~n sa~~7 pro~n+sso~y ~ate o~ ~ere~r to tr,z cont~a~y ~Qtw•th5td~}d~r:g end thP Mortyayee s~~ai+ be p+~t tied i!~er2upor o~ tnereaher w~thout ~ ~_r .7Bmdn4 [n ~nsht,,te s:~ ; at ~aw o~ ~n er.u~ty ro e•~~orce the ~~yn;s of tne Mo~tyagee ne~eu~,de~ u• u~dB~ sa~d prom~sso~~ note In the event of any b~ea~n on rne pa~c o~ me 'No~tyaqo~ ~~e~e~nae~ o~ un~e~ sa~d prom~sso~v no~e ine Mo~tgaeee sna~~ ha~e cne ccn!~n„~~g oot~on co e~lo~ce payment ' 's .T.s se:-:.~e4 ^ereb c~ arrr.~~ at ;aw or p s;:~t ~ e. •c !o~ec•cse cn:s mo~t~ a~ e e!her o~ t,otn ,:o~::,.,•~•,,r~~ ' ~ ti v ~.r ~ , u~ c~~ erN, se and one ac:~on or surt 1 j ~~na!r ,r nP a ba~ to u• hd~ve~ +nP 41~.•rqaqPe s, yr.t •c; << •..,te c~ •-•e ,.td ~ ir~P c,~ner p~o, rfed sa~a Mu~tya.a~e s'~,a : r,a.e oniy une t,ayment and ~ j ' ~ , ,~n c;! ~d~d ,:,Aebtr~l^.e5: s i ~ ' S Tlid• r, •~~P ~vH~~~ t'~at ti1u.~ ~dy~~, Sr,d t, ~,,ie„t !o !.^e dGGu ~~f^,.f~n? o} a~B! e.t!•i ~,~s~eP .::+~~t~.;. c,t n~ o, a s~t,stant~ai pa~t e~ Mor,gagor s ' ~ ~ ~ . Iir d;Si~:1~~. eietl d bdnk!uD~ U' ~n5pl~@ni u' }:~C d v0'un!d~V UP!~?,on ,n benwruptc'r O~ ddm~t .r• vbr:hr,ta ~SS ^dh:~~~iti fu JdY ~ts deDts ds they beCOmC , 3: rn 3ke a~jt•~,er.~• ess~y~:,^,ent !u~ tne Der.P1.t ol rreA~torc o• :4! 1~e a~'et hcn ar,swe* seek~r.y ,PO~yen r~t~o~. i~r a~+ar:yernent w~th cred~fo~s or to ~ ,!vantaqe n~ e~w :~~sr~:~e„r, !aw or ~5~ f:~e an answef aAm~tt~no tr~e ma;e~~a~ a ieyat~or,s af a prt:t:i,~, f:!ed aya:~:s! ;r;P Mo~tgaycs~ ~n any bankruptCY. rac:ur~ .,,5~~ .,r.,, .y „•o,_e~~i ~ y c~~ ~6~ a~ t~c>~~ s',a ~ DE fBkEr~ by !ne Mo,tgeyv• ~o~ t~.e ~;u~Pc;se ~f efte~t~rc; .iry tnP lo.ey,;r~y or i 1± any ortler ~udg. ~ •;fe; reF sna , he e'~'BrBd ..LU': d~' JCt> ~r dr~or o! a r_~ed:to~ c~ ?~1o~tgayor Dy a co„rt c r.mpetent ;u~~sc]~~ t~u~~ aPproti •,y a[>ef.t~on seek~ny aPGo~r.(ment .,•,~.~r r,, •,,,ti*..~. n~ a:: ~ s.r,sta•,•;a' ;;a•! af rn,. Mu,•qago~ s asse!s a~~d s:;; ^ o•;!rr .,cfun:ent o- de_rnF s!~a~! ~„^t ~.;,e u^SSdVt'!~ d'~d eflect (or any ' ~ ~ 3~.) ~.~+s•• . •1A~.t '^e MO•! d PC ^'~d dPUdi I~e nOtP ^ rf• ~ . 9 9 v e e t,y se. o~tn~h tn c1..n a,:d r, pd.~iL~.N vti e!e:,[,~n e,.r:n::~Ua~ Of drid the ~n~ . . . e . ;ss~.! . • ~ ~ .'v .1. e' r, P• S,. ~S ~'e•CDi SP::..•PrJ Shdi bP.::V! ;P ~O . ..7.:r r•n ;l C; ~ ~ ~ ~ ` , ' , e natiaG'r at . ,,P ~,e 5 .,t ~ ~ e, v~e~e o~~y~nai~y i ,e . . ~ ~e. i r ~~e Mv !v,~:;ve v~ •~c,• . -:r~ . . . , a~.;; '~.a, ~••r:s.•. .a . . e: ,f ~~~7 N~.;~ . as a~~ mpn,lS , °r,, . . ' .t.~ i. , .ti ..ti:~t..! ~ R F . . . . . . ~ . . 't.. .i ~ l~~ . .•P '~~J:~ e > d d.~~ • ~ • ~ e , . ~ . . ~ , . . . . ~d'J~+:i (7•0••• .1E5 dS dH ~ F~ , . , , ~ - ~ .d'~F~f ~ e: ..f~- r .r~ '1 ~ , t,, .y : . . . 1 !re'S ~ i C ddlC ~ . . . . ~L.. d .f. ,1 "r .tir~. r: ~r, !h ~ ' ' ~ ~ ' . . . ' , . . . ~,.5. ...p a . - A: '-P 'e!r dy'~P(7 ..[i~ • d! v C. ^N ~i~ i.,, ,a d.J.d; . ti _ ::n . ~ 3 ~ tiV .'C:) K~, `,'q~ ~S ndrB MP SdT! . . i~. . ~ . . ' _ . . .i ! . • , . .f ~ ~ ~r' . :7 . . ~ ~ . . . . , a . . . +J' ' • 1 . ~ . .'r f' . ii~ ' n• . . ' ' ~ . ~ . . . G . tip , ~ • . .i•~w , , . , . . • ~ . . . . ~~:a• ;>utStdn~ ~ . • . , . . _ . ~ . . . , . ~ , ~ , 1 . , r , f~ . . .7'~~: d'r7 I'}?V Ue~ CEnt f S' ] d; ~ ~ ~ . ~y tid.~pe '^a Sd 'LSC:.•adti~• ri,,: Gdy ~n~ ~i~ '~d"yPp i., ...E ~.,St ~.ld~ Fd_'' d',~: N~,B'~~ ~~-::'~SC:-u!.v@ TOn2h a SuT ' ..•-:a •r..• ~ •V~ d'G~.•• ~.C'.QSSd~Y 20 Uar a~ idRCS d^4 dSSPSS' r~~;5 eyd~- S' t~•.v Sd~O ~*'U~Si~d~jN~1 (~•pr,.SCS Sd~O mOn!niy Sum t0 DC C3- ' 5~:; t~r :~[~'iyd:~NB d•~;! Cdi: u~d'.Bd t0 De a~~ drT'Ou~• "'O! !SSS tn2r~ ir'.8 d^`OU'~! ~>f 'diPS 3SSftSSP(7 dJJ~r~S! Sd~A ~o~tgayra pre~,~SCS ~p/ (ht p/EV~OUf ~ %~f .'~~v~ .'~P'7 D'r MU~!(~d'~?P :G PdY 8~; .••Surdn~.P p!@rt~,~uTS ~r:'nd!'•nP,~ d~'~d ~O~rr. as ~~c~•~~7ed r:t~f±:n ~Uf tne ~,ay~^ent o~ ta.es and assessments i • H , f• ~ S ~ .,~t~.~,lqr .g ; n.;r.er •~Un ~.tn COnS?~uC!~On 'Odn (:ngn~:n~ rher t~:5 mo~tyage ~S Sub;CCt t0 thQ ~O~SVuChOn Loa~ Agreemem ~ ' be?ween tnz Mo~tgago~ and tne Mortgayee an e=ecuted copy o! wh~cn : m tre ss~on , s posse of the , . . . . ~ ~.irc~ _c n~ ~i .~e+~e d Ud~i ~-ereof dny rIf'd~.i~: DY ~Urt d O! ~ndP• S P ~ 9 8 a~d ayree~^ nt shd~~ GOnSt~(utE An lvOnt Cf ~ ~ , , ~ 5 ...,,AyP 3 'a y"' g y s a wr.,te~ srateTe~t ct ~nE an~o ~ ' i a •^,e ~equest a~ t~~e Mo~t d!f I~rn: h „ ~ ow~np on ihe oD'~gahon wh~ch t?~:s mort6ape ~•s <i~ 5,,~P ,~^.et,~e o~ r,ot M,~tga~o, Cid mS a^r dete~ses or o~}sets ;~ereto 3.: 2 r~r r `~/fl ii f Ii 32 l i~i+S L6r1I - - ~ ~ : cY.. , F „f-s x Xrrx- s _ ~ ~.i`?T~4"~+zi ?a.+~. ,A`t~'=-y- Y` t?~s5h... "i2 ~ _ ~~'~~a~~