|
� '� ' i
<br /> x ! . -".:xy-
<br />„
<br />< � r� �
<br /> 7� � � � ! U
<br />;
<br /> '1'41P n40RTGACOR PUR1'i1ER COVENAN'15 AND AGRIiI'sS :
<br /> ' "Plud the A9ur1{;:�gnr wifl p�ry fhr indeldt�dnesv ns hereinL�dun• pruvidrd.
<br /> i
<br /> , I 1'hal t.lie n1wl�;agnr iti ihr awner nf vuid �iroporlp iu fi�r sinydr and hns G�����I ri�;ht. rinrl I;�wful :ndhnrity lu ���II and . . .
<br /> convey lhe hwnu and t6at lhe snme ix [rec e+nd clear n[ any lien or encumbr.mee: un�l thal MorlgfiKur will �vnn�:mt and drfrnd ihn
<br /> tit1�� to said prrmisrs .i{;xinst lLu claims o[ all pi�rsons whum�ovvrc �
<br /> I
<br /> , 9'o p�iy immrdinlcly �vhen tItIL• ell(I �):1\'llIIIC NII {;1'flPf:�I I:IXeti. ti�ICC�HI �11%Pti, ti�ICC18I iissr�smenis. wetrr chur�;es, sew�•r �rrv. � . .
<br /> �' ice chfirqi�, und olher lnzes und charg��s aguinsl suid property, and all tnxes I��vird un lhe debt srcured hereby, �md �n (urnish iLe . . .
<br /> �� � Mortgugre. upon reyuesl. with �he urigintd or duplicedr, r��ci�ip�s lh��rc(or. 'L'Le 4tortgngor oqmNv thuL Ihon• xb:All be added to
<br /> eac}� monthly pnyment reyuired hernunder nr under the evidrnce of drbt securrd herrby an �muwil eslimnfud Iry tht� MortF��ee .
<br /> tu be sulficirnl tu en:ible lhr Dlorlg.i;;re lo piq•. as � hey b��camr Jue, nll taxes. ;�ssrssmenls. :md citnil;ir chargr� upun th�• prt•m� .
<br /> ines subject lherclo: an.Y de�icirnuy Locauve u( Nio. insidlicirniy u[ such additional pnymvnis shall bc fortlneith drpusi�rd by lhr .
<br /> �1orlgagor wilh tl�e n7urlgnga� upnn d��mand by llu� R�tortRa�ec. Any di•L•udl undrr this pnra,:raph .hall Lr dormed a did�iull in �
<br /> pt�l'ment �d tnxea, ass��ssmrnts. nr <imil;�r chor8es rrquiri�d hrreunder.
<br /> 'I�hr �lurtga�;ur a�;rc�•s th�d th�•rr shall :�I;n br ndded In vnrh munthly payinont u( principul and inirn•nt rryuvrri hcrr . .
<br /> - widrr an amount evlinwled Ly tFr Alorl �;�r;ru �o bi� sulticirn( to ouaLlr Iho �1urlgugr�• tu pa}' . ns il Lei�� �mo,� dur. thr iusur:�nre -
<br /> premium on �my insuranci• pnlicy doliw�rrd to thr \Inr(�;n�;ri�. :lny d��lici�•ncy 6ocnu+r u( th�• iusu(licion�•y ul sncli ndditimml pay- .
<br /> m��n�s �hell Lc torl.hwiih drpnsitrd Ly thr \lurll:�t;��r �vith 16�� \iurt ;;tr;rr npun drtn;utd h�' Ihr �\lurl4+u:���•. Any drGiull undrr t61s
<br /> parf��;ruph shall hr di•��m�•d n Jefault in Ihr p:p'nu�nt �d in:ur.uta• pr��mium�. If th�� pnlioc ur pnlicii�. d�•puai��•d �u'r ::uch ;i.; homi. . .
<br /> - uwners ur all risk pnliclrs. +u�d iht• dopu.ils �� m in+ul[icirnt Su p�ry Ihr enlin• P�"!•���ium, ihv �lnrl �;:�};ri• mn}' �ipph' � h�• d�•pneit lu
<br /> p:iy pr�•miurt�ti un ritiks rrquirrd to hc in,urrd by � Lin ntnr� �+it�c�. �
<br /> Pu>'ment.s made by Ihr A1nr�Kn�ur undrr Ih�� +ibuv�� puraaraphs m��y. nl t6�� upliou uf ih�• Aiortg;ig��r, b�� hrid by i! nnd
<br /> i•�mtminpled ��'i� h ulhrr such fiinds ur ils oa�n fuud: fnr lhr paymcnt �d ,ui'h i���ms. and until su ;�pplii�d. such paymrn�� nrr hrrrbp
<br /> plyd�!rd n.s r���•iirity fur thr unpaid Lulancr uf lhr mur� F;�R�• indrb�rdness.
<br /> . 'fu prucurc, d�•livcr lo, nnd muint.iin (ur thr lu�nrfit � d� ihr \lurl„aRc�• durin�; th�� lif�• nf Ihis mnrlRa�:e „ritiinal pulicios mid � .
<br /> ri•nrwnls lherix�L dclit•�•rod .at leiisl L�•n d:�p, br(ure lh�• rxpir.�tiuu o( :mc such Pnlirii�s, insurin;; ng:�inst (irr and uUu•r insur��61t�
<br /> n. � huzards. e:�smdties. and cunlintiencies �i. du� 11urfFnKee may rrquire. in ;m .�mnunl ryual tu the indrbfrdnc:ss si•i•umd Lq t6i. ..
<br /> � \1orIg:IFt�. und in rompanii�s ;tt•cuptabl�� to Ihe Murl�.��;rr. wiih luss p+iy�ibl�• cl.iusr in f,n�nr u( :md in (unn accrptubli• l�� th�• Alnrlgn' .
<br /> � gr�r. 'In thv rvrnt ant• pulic�' i, nu! rrnrwrd un nr biduro b•n d�rys nf if�. oxpir.itinn. Iho �lortga�;��i• m:�y procura insurancr nn lhr .
<br /> [
<br /> � improvemrnls. Pay ihe prernium therefor. :uid such ,wn shidl Li•c;mie imrnrdi�itrly due .md pay+able u�ith inlerrst at tho rate set
<br /> (urlh iu s.iid nulo witil paid and shall b�� ..rcured h�� Ihis murLk�i;�'. Failuri• un th��� p.vl uf thr A1url�;:ignr tu furni=h .curh rrne�+:+L� .
<br /> � as arc hrrcin «�quin•d ur f.iilurr lo p.ip any �ums ade:uurd h[•n•und��r shalL at the uptiou o( thr �iorl �;agrr. cun.lilui�• :� drL'iult .
<br /> � wid�•r Ihe tcrm� ut ihis mortti:itir. "I'6i• �Irliverv n( �uch pnlicirs shall, in Ihr ��crnl uf d�•L•uilL cunsliluti� an asxi�;nrnrnt �d Ihi� un-
<br /> ,.. rnrnrd pn•mitun. .
<br /> , Am� ,um+ rrc�•ived by th�� \lurl�ugr�� 6�� n•asnn nf luss ur d��mriR�• in,umd apaiust mny be n•t:iinrd by Ihr \] � �rl ;;:�krt� . . .
<br /> ;u�d uppli�•d fuward fh�- paymivrt of lhe d��bt hiaeby srcureJ. ur, al the optiun uf ihe• lfurlg��g��e, such rums �°ithrr whnlly ur in -
<br /> �inrt nmy Lr pnid uvrr lu Ihr A1urt�;agur in be used tn repuir such buildingy ur tu build nrw buildin�n in Ih��ir �dar�� ��r fur anq .
<br /> � '- nlhi•r purp��se ur uLjr<•1 tinlisfnclnry lu lhr 11urlqu;:�•r �vilhnul t��Tretin�; th�• li��n uii thr murl �:a�;e fur f6r full nrn��unt .;�•run•�) hrn•�
<br /> Irv b�dore sui•L p;�ytnrnt evar tuuk plac��. . .
<br /> �' ; 'Pu prumplll' rrpnir. rrswro ur rrLuild nnc 6uildinFs or impru��rmonla nu�r ur hrn•nffrr nn Ihe prrmi.rs �,.�hirh mny br-
<br /> 5 � cnmr dam�it;�•d ur dcstrny��d : tu k�•rp .uid pnnnisr: in p�nid cunJiliun nnd rep��ir �md frre frum :my nu�ch�inidn lii•n ur nthrr lirn nr
<br /> ; , c�luim of lii�n nnl i•xpr��ssly �ubnnlin:d��d to � ho lirn h�•rro(: unt tu :u�irr �m p�•nni � any unlawftd u�r ul ur an}' nuiv:�n<•i• l�> rzi:� un .
<br /> �� � :;aid pruperty uur tn prnuil �����;tr uu c:iid prrmisi�y, nur in du wip nthrr arl �c6urrby � hr prnprrlt' hrndry cuuv��}'vd vh�dl 6rcumr
<br /> � � I�•ss vnlua6l�•, nur lu dimini>h or imp��ir i � < v:Jur bq uuy art � �r umia.inn fn ;irt : In cuinply •.sith :dl rri�uir��im•nt . uf la��� �cilh n•�� u�ci
<br /> � la ih�• murl {�n{;eJ pmmiw•.: :md Ihe u.�� ihi�rruL .
<br /> �' 'Ph:d .huuld thr pn•ini�rs ur an�: p.�rt � Lrrv•ul Lr takrn nr damnGrd by rr:�son u( an�' puldir imprnormt�ia or eun� l�•mn.rtiun .
<br /> y, ; prucr�Klinl:. or unJrr tlir riglit uf rmin��nl dumain. nr in ,uiy uthcr ni;mm•r. thr \lurt�;:�gre sh.dl br enli(lyd �u :JI cuiuprns.�liunc. .
<br /> :� :nva�dv, �ind any ulher parmrni ur mli�d flirrrfur. nnd shall br rn � i� lyd. nt il. optinn, to cumnu�ncr. nppi�:ir iu an�l Pro.;ir�uta in ils
<br /> i.. �: nwtt nnme any :icliun ur prr,ci•i�din�;, or 1�� muk�• nny c� nnpruwi,e ur setUem��nt in cunnocliun witL euch t.�kinK ur d:un���;r. .Vt such
<br /> ? . curnpen.vnliuu. a���urdn. d:una^i•ti. ri�:Ll nf ��ctiun nnd prui'��rdn :vr h�•reby ns.i�;n�•d to 16r AInrl;;;��;r�•. w�hn niay, n(ter di�dnc� ink
<br /> � � Ihrre[rum ull iLv ��xPenvi•<, nd�•.�s�• :iny r.imirpv vu rea�iv��d h�� il nr lipplv thi• .amr on :�n>' indchtrdm•ss >ecurrd hi� reb��. 'fhr AI��rt-
<br /> f. Ka�;ur a�n•es tu i•xrculr tiurh (nrlhrr :usi ;;nnu�nlc n( nnv runtp��nsnlinn. aw:vds. J:ima�r.. and ri�lds u( ;u'Unn �1nd pn��rrrd.. as IIu•
<br /> : .
<br /> Vlnrt {;.�i;ri• mny n•quirc-.
<br /> ;. � 'I'tmt in casu nf fnilure lu p�•r[orni any u[ the cuvi•iumts herrin, the Afortgagee in:�y du on Uie 14orlgngur's Iwhal( ecery-
<br /> � Ihing :�o cuvrnnnted ; lhat th[� \torlga�;�c may ulso do :my .�et il muy dirm nem+sary tu pmlect the licn thereol: � hal lhe D1urb
<br /> {;agor will rePt�y upon demund uny moneys paid ur di�sbursecl by thn �lortgnFec for any o[ the nbove purpmes. amd such muneys
<br /> together wilh inlerrst. thercon nl lhe r.de Pruvided in s,�id nnte chnll becv�me so much ndditional indebtttlness hrreby sewmd nnd
<br /> - mav lM included in nny decree foreclosing this mortguge and be paid out ut lhe rents or pra:�•i�ds o( Sale of �aid premi�es if not
<br /> ';. � nthon�•icr p:iid : nnd thnf Ainrt�a�;�r sh:ill nnl in�vr any perxonal liability Ix�r,m.r nf nnylhin�; il may dn or omit l�� rlo hi�re�mder.
<br /> i ' In tLi� rvrr.t uf ihi• drf�mll. Ly hlnrt�n�ur iu � lir paymrnl nf �my in.vLJlm��ni , ns required liv thr Nu�e seeured h�•re•b\'. ur
<br /> K� � in the pi•rG�rmancu uf th�• obli�;ation in lhis murtg�il�r ur in Ih�• notr ro�run•d IhrreLy. th�� Dinr� ;;a�;er sL;ill Lr rntided lu declam Ihe
<br /> E � di�6t secured hrreb>� dw• �and p;nmbl<� withuut notim. and lhr 1f„rl�ag��eshnll bi� enliticd :�t ifs upliun. «�ilh�nil noiir�•. rithrr by it.el(
<br /> ur by a n•criv��r lu Iw appuiuf�vl by thr court lh�•rro(. �md withc�ut rr�;nrd lu Uu• adrqu.iry u( +wy =�•curit >� fnr ihr indcblcdness u,.
<br /> � run•d horebY. (u i�nter upnn and tako pus4ry�iun ��( ih�• murtRa�;od premisrs, nnd lu rollect :mrl rrri�ivr lhr rrnt.. is.urs and pru(its
<br /> � Ihrrco[. Fmd apply thc �nmr, Icss c���ts ��f uprralinn and rnllection. upun fl�r ind�•6trdm�++ �crur��d by thin nwrltia�;r: vaid rrnt�,
<br /> - i.aui•. imd prnGl.c I�ein�; hrre6y assi�;nod ln lhu T1r,rIk��K�•�• +�• �uriLer sei�nrilp (ur th�� pucmrnf nf +JI indrhti�dm�,,a .ecunKi hemhv.
<br /> . '1'he �lurta�R�•e v}�:�II hu��e. thr pu�crr tu appoint xny s�ent or u�;rntc it. m:�p dcvim fur lh�� purp��ci• nl rrp:�irin�; Knid prrm-
<br /> - is�s: rrnlinK lho �eme: culleclin,� thr rnnls. n•ce.nues ;uiJ inemnr, und i( mac pny out u( said incumr nll �-sp�•n=r:e inrurrrJ in rrnt -
<br /> �� ing and nume+ging lhe snmo and uf cullrclin�; ihc rrnlals fhi•n•Irnnt �I�hc lialnncv rrmaininC. iI am�. �hnll br applii•d tnu•ard th� . � �. �-.:r •
<br /> �� dise6nrtie a[ the morig:igr ind��bl�•dne�s. 7'his nwcignmrnt is in trrminnlr nnd IN•enmr mill :md enid upnn ndrn��• uf Ihi. mnrtl:,�Rr. ' - , '� : �.
<br /> . N "`,i�. ' .
<br /> . :
<br /> ( 'I�hi� Aiorlg�i�;ct• mi�y collecf :i "I;ilc rharKr" nal lu �•xccrd Pi� c Conts ( ic ) fur rncl� dull;ir (: l lHll uf rneh t� �t:il inuutlilc �. �.. . .
<br /> p;�pmenl mon� Ihnn IS dnvc in nrt�vn�.. In cuerr Ihr i•�tra �•vprn=r imnlvod in handlinC d��linyurnt .�renuNv. ' � ,
<br /> '+3'
<br /> All paymrnts madr nnd��r � hi� pruvisinns uf lhi. murl �a�;r ur � hr noto hrrol�v a•cured. .vhirh map br cnn=truc� i :i. inlrm,l . � _-;�,�
<br /> .Lnll uut . in thi� n�;4«•7;;rt�� uet�r Ihi• �rrm 16rnvd, rxcr��d ihr rdr ih:d may nrnc hr Inn'fullo cunirm•t<•d for in wrilin;t. j� �
<br />� - _
<br />�'
<br />'l° . � . � ! '� : � � �
<br />��:
<br />_;� � ` �
<br />;=�
<br /> .�
<br /> �
<br /> ,
<br />
|