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lIl,r, 'l'I1T1'l' C1!1IVl'lIIN lot or.\:r.~\.lt of Ilm~ \~i th \:IIP
~"il~lng" an~ lmpr.ovpmpntn thorpon orooto~ oi\:\.I"tP in
tho 'l'ownahip of lIal~I1Clan, Calmty pf Cllmpurlan~ an~'
cpmmpnwoA:\. th of Pllnm~y 1 vaniA, Ino).'a pArt!p\.Il.AI."l.y pOl\ndll<;l
<<nd, ~oao~i~lld'l\a fqlloWo, tP witl '
!lEaINNINa At 1\ point pn thll RPl\th righ\:~Qf~W"y pf tho
Cl\rliole Pika, RAid point beingalap At tho
intor~llation Of the oaat aide of ~. ~t, aahn'a Privo
And the l'Iol\th dght"'of~WI\Y Unll of thll Pl\rl!ol.1l PiI~o I p
thonpo Py the aO\.lth right-of-way line pf the Parliola
Pike, ~Ruth a9 dograRo 45 minutoa maot 1\ diatAnpll pf
100 foot, to A point at lAnda now or formerly pf
Clinton c, Eokenrpdo, of whiph th10 WAR a partl thonpo
along \,:hll ol\l11e ~Pllth 17 dogrooR 3P minlltoR 1i1Mt ~50 ,
feet to l\ pointl thonpll along tho RAme No).'th all dllgroeR
45 minuteR Woat 100 foot to tho Rl\iel ~, ~t. aahn'R
pd va I thenoe dOT\g tho SAnl.o North 17 dllgreea :10
minutes WORt, ;l50 foot to a point" the phllll qf
nJ;:QINtlING,
!lElJNG the Rame premisea whioh Eugone !i1. coatello anct
Joan r" Qostello, hill Wifll, by dlled dAtect l'I\.Ig\.\ot 7,
199;l anct reoordeQ incumber:\.lmd co\.\nty Reoot'c;\llt" S '
Of Hoe in !look "V", Vol. 35, page 420, granted And
c;!onveyed unto COnRumO).'S t,ife Immranoe company, the
MortgAgee horein,
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lIa~'viQP"rf;!, fQnnQy1YAniarr-,..
" fPR V"~UI11 RIilOI11IVI!lP, tha' unllim'lif;!nf3~, flll.'1)ER IT, ~JmOI4Y Anq
J../\\.IRIilNIJ, l\NllJ:\'l)I\PT, h"~hAn~anl\ witfl pt ~l~., N. (".mth pinfl lJ.lPp. fl1AOll,
I3Qthlllh$IlI, NorthalllPton Op\1n\.y, flonm"yl vAnia],I\017 Anc~ yo<<.Ml
i'\Il:QRY1h ant\ t1IRIJ'l) /31i114f1lll1I, h""'PAnl\ Anl\ witQ pt fun\{. Mi~l llOAl\, 1.1,
0, fto~ ~l~, /3pvingt:1nm, fl\1p\{.!I oc:mnW, !.1annQylYAnb lllQII:l: '
(hflvoiMttllV tha ItI3P~~ClWaJ:'''),hll~a\lY jo,tnt.1Y Am~ QaVafally prPIlI!Qll
to paY tCl thll qvl\llr ot aON/3UMI!lRJ:l ~Ifl11 IN/3UI~Nol!l oOMPANY
.( h, erdnattat' tha "~anl\af"l t at i.,tQ ottica At 1;\00 OAmp "ill flY""
.. PI4Ii1Q, 1.1, c;l, flp~ ;allt CAmp IU1, l.1elln!lylvAllill l7001-00~1l
(''<;If/:ica'') ,'tha I'll." noipa1 "'\till at fOUR IlUNPIUlP flf1'Y '!.'1I01JI'IANP
POt:.~1'I 1~~!i(l 000,00) tpge\:her with interelilt on tha P"tlilt~wUllCJ
Ilnl"\ UhpA !l pvtnohllll \lalanpe trol1\ the !late ot thilil Npto' At the
rAte flet torth \ll'lloW, ","oh prinoipAl anl\' intll~elilt to \le J:lAid in
lAwtul m. pnllY Of the Unital\ atatal'l and in immediat. el.Y ayA1lalJlfl
fUnl\Qt in conaeo"tive mpnthly inl'ltallmentl'l (retlecting ,
a,l1\pvt I'IAti.Cln of the .1l~in.piPI11 \:la. lanoa oyer tifteen (lb). yearlil) \;If
FOUR r.t'1l0UJ:l1\NP FIVI!1 IIUNP\Ul1P aI)(TY...FOUR "NP ;a0/100 POt.r.l'tR/3
(~41664,;a(l) cOl11prilJinq l:Io\:h principal and int.evol'lt opmmenoimr '
APJill 1, 19~3 anl\ on the IH\mfl t\AY of eaoh Of tile f ifty...eJ,ght (~p >
\Rontl)lJ' tllllrel\ft~rt fol1pWo~ on~ (1) mpntll lAter Py a !'lJ1xtJ.lltll '
(60tl)) Anl\ tJ,nalnst\al1mont which IJhl\11. fully an~ oompletely pay
the Len~er all principal, interelJt or. !\ny ot,h~r feBe or ol)l\~qelJ
owed to it PUt'S"Ant to thil'l Note. '
The UorroWer IJllall pay intereet to the Len~e~ on th~
outlJtandinc;r anl\ unpaid pdnoipal amount evi~enoe~ ))y thb Not~ At
a rate of nine percent. (P') per annum. ,
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The Uorrower may p!;'opay this ,Note in full 'or in paJ,"t with
accrueq interelJt to the date of sucll prepayment on'the alllount
prepaid. JjJach payment (Whether a schedulol.\ payment or a '
prepayment.) eh~ll be APpli~d first t.o llltereet with th~ remainder
app1.iel.\ to the unpail\ prinoipal I:IAlanoe in the illv~ree, order of
the maturity of th~ inlJtallments then to feee, ohArges and
penaltiue then aoorued. Inter~st s"all be oaloulated on the paaia
ofa year of 360 daya for the' aotUAl numbe~ of l.\aya elapliled (366
or 366, aa applioable). In the event that anY payments, eitller of
prinoipal or intereet, are made more than fifteen (16) l.\aya after
they are dUe and paya\lla in aooordano~ with the terms hereof, then'
a late oharqe shall be asaesaed and payable equal to four petoent
(4'> of the amount of lJuah payment not made when dil\l' '
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All payments (inol\1ding pr.epayments) of princ~pal, intereat,
fees, oharges and pehaltiell alld all other nmpUnts 'dUe from \;I\e
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. Il~PpoWP\=' l'H1vpq~n\: to \:h.ip tloj:p of t:hp Mor.\:lJAqo Ancl !loom: l.\:y
Mfpfill1\pn\: pplwinq avon !~f\j:1l hp\=,owith l\:'H~ 1I~lor\:(lAqp'l) IH'o e\qo Ami
PAYAtJl,P m.l :\.At:Il\=' thAn EilOO ptlU" HArp p 1)\.1 rq , !1onnt:lY:\'VAnil,\ j:imp, ~n
\;1113 ~AY whpn clYIl witho\.\\: pr.oppnj:I\\\ll1t,' c.\OlllAnt\,prpt,lllll; Q\=, nQj;.~'O\l of
Any I\:incl, AU of! whioh APO oIlP17BIlIl:\'y wAivPe\, Iwl An f\o\:ipn fa\='
Il..\.\. oh I?A~flntlil Ant\. pPQPAymlln\:!l not. \:hpn p. dc.\ IlhAU immp(:\!Atllly
IIpol:'llp, ~"oh pAymon\:IlIl\"llt 1)0 I11At\o 1;0 tho f.!ol1c.\PI:' At !tll PCfiop ~n
\Jj"', clQ:!.lA171l AmI in f!ynt\1l immoMAtl'l:\.Y l\Vllil{:\p~o At IlllPh Off!.t!=1I1 .
w .th!=lllt Ilot,..af!f, oo\.\n\:ovo:\.Aim qp othop (:\pcI"otlon of! IIny nAt"pO,
'l'h.t!o liqtll !Il!loPllPf3c1 11Y tho Mor\;c,lI~qa, !:'1lf!IlVOnPIl to whiah ill
h.13ratJY Il\.Ae\a fol-" A t\p!lol7ipl:!pn of tho .oPUAtaI7A~, pr,ov.i.f.\ot\ fOI:' qne\op
tha J1QPtqllqfil Ant\ tllll l."lqll\:1l pf! \:Illl 1l0Pl."PWPP Ant\ tllll r.ont\ql:' wi\:h .
rPllpaat \:0 lmpl! gpUA\:llrA)., l\;l:l pf \:hP Agroamont'" ,oPligAt!pnll,
opnf.\!t!on!l, oOVenAntll, VOpvPflon\:A\:.tonlll wAPr.Ant!O"" proyillionll Ant\
Ilt!p\.\:LAt!onll opntninllQ in tho Mol:'tgAlJll, en: Any otheP f.,o/.\n '
poo\ll1\an\:1l (A'" t\llf inet\ in thD MOI:'\:lJA91l) whioh l\1:'0 to po kllpt Ant\
pel:'fpX'l1\Ilt\ tJy the npI:'POWOP, 1\110 horopy n\Al:\a A ,par.t pf \:hil3 Nota' to
tho I3Am13 ol~tont Ant\ wi\:h the IlAmO toX'Oo Ant\ OffllCJt All if thoy Wllro
fl\:UY Ilot fOl:'th harein, AM tha !laPVawel:' oovenAnt'" llne\ I\grllo~ to
kellp 1Il1t\ pe!:'tci"\1\ thelll, or ,aaUlle thO.1lI to pe k!lpt and pOl:fo~llIet\,
Iltr!pt:!y in llOCol:'t\Ance wi,th thaiI:' ternll, '
'l'he Pelnedioa of \:1'0 I,ende~' All pravil:\et\ in tho Mortgl\lJe Ant\
the warPAntfl contAinot\ thorein IlhAll Ile aUll\ul",tiva anc\ oonout'I:'Ont,
Ant\ maY Ile PUPIll\od Iling~y, Ill\coella~ve:\.y, or togothor at the 1'10111
t\iaCJt'atian of theI.onc\er, Ant\mAY l1e elCet'oi",ot\. all pftflna",
Qooatl;\.al'l tllar.efo!:'1l IlhAll OCCU!:' I Anc\ the tai:!.uro to el'el:'Q!I3o any.
Ill\pll vight or. remady allall in no Dvent Ila oonllil:\el:'od aa A wAiver
01:' t'eleallo theraof,
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If allY Event of Default, aa dofinod in tho MOI:'\:91\9a, allall
OCp\1r. anc\ ba continuing Aftor noticl1, if vl1C.(uired, and tho
expit'aUon of Any applioalllo gl:'Aoe period, then thi~ Note, All
int:et'e~t: tho!:'aon, And all othol:' alllount!l ,paYAble under tl1 h Note
Al:'a forr.hwitlh duo and payalllo, without pl:'oaontmont:, 01:' notioe of
,. any kint\, all of which AI:'O hOl:'einpolow olCprolluly waivod PY tho
nOI:'t'owet' " '
UPON TIl~ OOCURRENorn OJ!' AN IWENT OF DE1FAUL'1', 'l'IlE nORROWER
IIEREBY :UuuWOOllnI.Y lIlITIlORIZES lIND EMPOWERS ANY 'AT'l'ORNE'i Ol~ ANY
OOURT OF RI!1CORD 1],'0 APPU.l\R FORAND CONI!'ESS' JUPGMJilNT TIIEREIN l\GAWIlT
TUIn nOlmOWI!1R FOR 'l'IIE PRINOIPAL SUM OF FOUR ItUNDRIi1D, FIM'Y TIlOUSlItlD
DOI,LMS ($460,000,00) OR SUOII I.ElSSER SUM AS SIIALL TIlEN Bfil DUfl1 PLUS
INTEREST AS SRT FORTII IN TilE NO'l'fil PWS A REl\BONABljJj1 NJ."I'ORNEY' B '
OOI.LfilCTION FEn, WHlell BItALL Bfil 'l'IIE GREl\'l'EI\ OF 'l'HEFIVE (6%), '
PEnOENT Ol!' THE TO'J.'AL OF TUE FOREGOJ;NG atlMB on 'rEN TIIOUSAND Dor.LARS
($10,000,OO),''l'OGE'l'ItER WITIt COSTS OF SUI'l' AND ALL OTIIER AMOUN'1'S,
FE1filS, AND COSTS 'FOR WIIICIt Tllfil normOWlllR IS OBLIGATED TO 'l'ItE LfilNDER
PURSUAN11'TO '1'II1S NO'l'E, '1'IIE HORTGl\Cm, OR ANY OTHlllR 011 '1'UE LOAN
DOCtJMlllNTS, AND Tllfil n\o1LEASE OF ERRons AND WITIIOU'l' RIGHT OF. APl'lnllL.
II!' A COl'Y IIrm\o10F SlIlILL II1\V\o1 BEEN' FILED IN SAID PROOE\o1DING,' 1'1'.
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f.HII\M-t tlm' II~ tll~ol~BIlIII\V 'l'O nf,l~ 'J'lI/'l Pl\lQ:j:tfl\f.j IW 1\ WfIlllll\N'J' (l!"
M"l'ClmH~V, 'l'lII~ nOHI\O\~NI\ \~MVI~a 'J'lIN \l~QlI'J' 'J'Q flNY P'J'flV. ol~ I~XI'laU'NoN
I\NP 'l'n~ IIEtlm~JIJl PI" fIT.jf.j ~XI~MJl'J':r.oN f.1\WIl NoW on 1II~IWfll"'I'I~n ~tI 1~1~I'mo'r,
tlo lU:tlQ~~ EX~IWHl~ PI' 'J'III~ I~OIll~Qo:rNQ WflHltl\tl'l' 1\tlP JlOW~R 't'o aOtll'lDlHl
1111P'.,QMlDtlT. 13. IIfIJ~f.j m~ PlDl~MI~P 'J'O mXlI1\J1Il'l' 'J'II~ J.lQWE.~Rt WI.'.E'l'lIIm Qn tlP'l' fitly
1311011 lDXERot13lD I311M.j~ IH~ Imr,1l IlV /I. OOJ1IW '1'0 pJo1 .I:!iV1\kIP, VO:rPI\IH-tJo1, PR
Votp, flU'll '.l'lIfl VOWER 13l1M-t!-t OQtl'l'Imm UtlPnlttltl3l1lDP I\tlIl ~ll\ Y II~
'~XERottmO fRol1 'l'II1I~ 'I'Q 'l'tl1l~ 1\13 QI"lJllDtl fl13 'mfl j:,1~tlPI~R f.lIIM-tI.t 1~I.tlDo'l',
utl'l'IJJ ,I\~JJ I3UI1/l PI\YI\Il)'..fl all '!'IINl' MI\Y PJmOI1E PhYI\IH.jlD IIV 'rIm naRROWER
lIi\V1ll PElDN PI\IP ttl I"UI.tlh
'l'ha Ilm:'rowo~ WAtVl313 p~'Ol'lontmont eo~ pAYI\\Ont, Ql3mllnQ, not;iqo
o~. Qam.llnqt notioo of, nonpllymont o~.dil'lho.no~., protol3t IIn.d notioo,of,
J,u'otel'lt OJ: thil3 NO\;a, IInQ AU ot"o~ nptip(:la (npt BXprelUlly
ProvidoQ r.o~ in thb Nota) in ponnaption with tha qolivary,
APpoptAnoa, perfq~mAnaef dl3fl\u;l.t o~ anf.orpelllant o~ the pAymont of,
thb Notal Agreel'l thllt \:he lilllli1ity of! eAoh of them I3hAH lla
unaamUtionAl without r09Arq to the l!APility at! AnY other PA~ty
I!.ne.t I'Ih/.\H not pa 1If.f.eatad in Any I\\/:\llner PY Any indulgonae, ,
axtenl'lion of time, renewAl, WAiver or 11\0qifiaAtion grAnted or
aonpennad to Py th!l ~IlMt3r lit Any t!11\131 oonollnt;1'I to Any IInel 1111
inqUlq~npa~, a~t~n~ion~ of tima ~~new~~o WAiver.1'I Or
l\1oMfi9At:ioM grAntllq or, PClnl'lentllel to hy the ):,eMer lit Any til\1el
~n~ aan~llnt~ to thll ralaA~e, ~ll of or ~ny pArt o~ or. intaral'lt in
thaOQUAtel:'~l, wittl o~' without ~u\:lpt~tution,
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If t:hi~ Note io a~aalltad /3y 1\10re than one partlOn ~Il ~or.l:'oWat',
t.he o/31igation, ratlPQnl'li/3iHty ~nct HllhiHty of alloh fJuah p~l:'tlOn
tlh~U pit' joint an~ ~averal, '
The wordll "):,eMar" E\nd "Borrower" IIhAll inaluela thair.
ratlpaat.ive heiL-lI, tluaael'ltlot'1I IInd lIel'li9nfJ, inalucting without
I Hmit~tion Any perl'lon ,Qrllntity pArtiaip~t:ing with tha I,;enele1.' in
thll lo~n I1\A~e to the Oorrower purtluant: to thie Not II , Tha,
pt'ovitliona of thi!i Nota I3hall pinel aM inure to tho ~lllnaf.it of thl'l
~endar ant\ itll lIuaaa13130re nnd al'lIdgns, '
Thi$ Nota l\Wy not. /313 loodir.iact, 'alllent\ed, ditlahal'goel or wdvad
Elxaept Py a writin9 duly exeouteel IJy IIn al.\thol'bedl'epre~entatiVe
of the ):,ender, , ,
TIde Note Iilhal,1 ba govaX'neel, aontltruad ~nel enforOElel in
aaaorelanae with the 1l\wI'I of thl! oommonwealth of l1ennfJylVan~,a, 'I'he
OorroWer he~eby aOnlilenua to the jurl/lqiation and venue of the
Fedllt'Al and stAte aourul3 laa~ted in ot' h~ving juriadiation OVIl!:'
OaUphin county, Pennllylvanin in ~ny aat:ion prought by or aga.tlll3t
the OorroWer or any inelividual, oorpot'atioll, pat'tnet'tlhip at' othar
entity aonstituting the 1l0t't'oWer on, mentioning, ralating to ot'
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ponn~\.1\:Ill\ wt\:l, \:ht.. t!o\:P r l:ho Npr\:glllJll O\:, \:hll ,.Olln IlqpIll11onl:n,
, M~ no\:toorol, \:'1l11\.\IlIl\:Ql c\Ql11l1nc\Pr c\h'IlP\:t\1m~ q~' o\:htH: '
oQI11Il\~miQl\\:ipml (POHIlP\:iVIHY "t!o\:!pon") wt\:h \:,OIl[lIlO\: t:o .'
\:hin t!o\:l1 Ilhl\U po son\: in \:ho IMlnn017 p\:'ovtc\O(\ in \:hll MOj:'\:IJl\l,lO,
It! 1n:'l'ml1IlIlWII~R~OF, \:ho l.Io\:'t'p\,/o\:, hl\1l0XIlP\.\\:Ilc\ \:h.t!3 Noto,
tn\:l1mUnlJ tp PB :\;DlJl\lly PPlmc\ thB\:'BPY r l\1l of \:ha dl\\:l1 f iVQt ,liD\:
fO\:'tll IIIIPVIl,
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lIooil\l Ileo\.\rity IMnp,er
1I:t1UJ' ~IlE
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. Soo a1 Seourity um er
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~\"H1MOH'.rPflQl!;" m/.H~q I\P of, t:hn _1.1~"qAY of .f~\.:!l1.U:lr.14_' , 199:\ t ",
pat-Walln J1I\'Nnn 11, l(fII~OfW Mil '../\UHIlJt! 13, flt!Q/:'l'l'lIIJ'l', ~nC\ 1\nC:l Wif,o,
oC HilNPI:'I;h l~j,n!! Tap, l1111pa, l3et:hlalwm, NO!."t:llIlIllPt.pn OPI.mt.v,
PtmnNyl VAI1~A 111017/ VoNlI/l ~~aIW~1. flNP (lmU'l! /:'l1!;',IlJ~tlI, hlHIPAnq lwl
Wife, oC '""k Mill ROA~, P, 0, loK ;l~31 /:lp~ingt.own, I3Uok~ oounty,
Pann~ylVAnill'lUOU1, penn~Ylvl\nil\ (harpnllctev inctiviqullllY anq
OQUI3P\:iV13.1Y cAl1\3q IIMort:gl\g~r/.'!lI) 1 AmI cotHluMlma J:J:U~.~ INl3l1RflNolil
cOMPANY, A pelAWAt'!! oorporAt.ion W th oCfio!!/.'! in CAmp flill,
O\!~\JarlAnq oi~nty, pannWl'lVllnlA (ha1-"einAf,t:!!r PAl1eq IIMortgAl;JaE1l1) I
J WI' N ~ U a ~ , fit
WllrnlWlIll, MortqAIJ\.n:e py lihq.tl:' 'l'prm Note (the II Noj:a II ) pal\ring
avpn ctAta heraw!th I\ra inctpbt.act tp Mortgagea in the prinoipal pum
pf FOUR'IIUNPRIJ:O Ii'IlrTY '1'1I0Uf.lIINP POHUlRf.I (~450,OOO.oO) (tl1o
lI;rnqqpl:aqneal'l"h laWfUl monaY qf thq Ilnitect atAtaa of IImer!pl\,
ActvAnoact by MortgA9l'\e to !10!:"tgAgorl'l AOPorqjng t.o th'j:! t:armEl AM
oCll1lU tionl'l ..of t:hl'l Nota / AM. '
WIIV:REfIa, MortC]AgorEl hAva exaoqteQ AM win t'lX!3Ollta thlJa
Mor~~age, ~he No~e, ^~~ignmant of Lea~a~ And Rant~ll'l, and other
QOOUment:~ sVictano!ng I\nct ~ePlldng l1ortgagorfil' opUgat!on~ to
MQt't:~A~oe (~ometimeEl ool~eQtiVely refe~'reQ to AI'l tho "r..OAn
POOUmentAII). '
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NOW, TlllilRIilFORlilr in oond!iaratiorl of sdq ;rnctabt:eclneR~ and
for bettel' l3ecur!ng 'the payment of the Sl\ma, anct tha interest
thereon, and all othel' Aumll pl'oViqact for in tho Nota or herein,
to MortgAgee , I\nd tile Pe~"fol.111l\npa of .the OOVenl.\nts, aM agreemantl3
het'einaftar SXp:t;'aSRad I M01-"tgagor~ clo he~'aby grAnt I convey' and
" mortgAge unto Mo:t;'tgAgae the l:'eal property (t:ha "Real Property")
~ooAt. eq in Ill\mpcten 'liownship, cumbat"li\ncl county I commo.n. .waalth of
PonneylVAniA, pein~ more partipu!Arly clallcribeq on Iil~hipit "A",
attAohect harato And ml\de a pArt; hereOf,
, '
,
TOGIilTlllm WITIl I\ny and alL, improvemanta now or hel:'eafter
100A tect tha1-"aon.
TOGE'l'IIFlR WITIl any And !Ill fixtures, I\nct All maohinery and
equipmant, ohattel~, gooct13 and otherl\t'tloles of pr.operty, ,
whether renl astats or not, now or at any time hereafter aj:tachecl
in or upon, and Ul3ect 01' UaefUJ. in 'the upe anct oparat!on of, ths
Real Pt'operty anct improvaments now or h~.raaftar looated thereon .
or of I\ny busines~ now or hereafter operAtad by, the owner or any
ooollpant of the premises or MY pa1't thareof" 1noluding without
limitation I all curbingl pipea paVing; ,sidewalka, aeWage or
water pUlnping or prooess ng oquipment I treea, shrubpe~"y, fsnoing,
landsoAping ctotails, gAS and eleotr10 fixturss, rad!atorsl
hElatera, enginea and machinary attached tp the land or bu ldinga,
ainkal Watar oloseta, basins, pipea, fauoets, Air~oonclitioning,
plumb M and heating fixtures, mantels, oarpeting, cabinet:1'Y, ,
I:UO': Ul'(jm 71U'
,
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hY~~A"Hp HCtA AttAPhpq \:Q the lAM 01:' pI-IHMnIJEl, l\nl'l l\+1
rtanow"lp or rpplAPPlllPntp thprlloC or A!:'t~plI3A~n "'lIPAt~\:\.\t~pn
~',herfilOf, M~, qf! \:he f1101tA\:Il, rJ9ht/ tit:\.f1 Ami intet'l3/3\: pC .
MPI't9A9PPfl. in Anq t.'p A. ,~l f.lIIOll propf3rty, now p.r h13POA,ct.Il,.r pi\:\.IA\:o
on tile RpAl Pr.operty Ot' intpnt\llq to Po \.IPeq in ponnf3ption wH,h
'I,:he operAt.ipn t.harI3Pf!, PhAH ba qef3l1loq to pa fh:tl-lrf3p, Anq I!n
AoqllElllipn t.p t.ho Cpel3ho+q' AnQ apArt pC thl3 r13lilty AP Pl1tWl1an \:11\3
[lArt.iefl Ilerllt.o AM All pet'ponf:l p~A.iming Py / thro\.\gh or,\.\nql3r
I:hem, Anet phAUpa etf3elllf3et \:0 pa.. A por.\:~pn oC \:ha pap\.Irity CPr \:llll
Xncleptl3c1napf.'Iharain mflntionflq Anq fleOI\!,el'l Py thil'> Mprtgage.
'.\.'oql!11'IiI11R \'I X I'll All pl:'oPflr\:r qef:lcr~Pf3q in the CpI'egoing
l'lAl:'A9rAPh now PI' hlWt'lACtet' qe! Yf3l'eQ em d1:a to the HeAl prppt'll'ty
qlu'in9 thf3 PP\ll'flB oC Any ponfl1:r\.lotipn pC il11prpyeI1\Eln\:f:I / 01'
Aqclition therot~, tpl' incorppration therein Or thereon, or it
a\.li1:AP!e CPl:' any f1\.1oh \.Ifla,
'TOmWlIlllR 1'/:1:1'11 All Anq fling~!l\r the tenementI'> / hal:'al'li tAlI\ent/3
AM i.lpput'\:Qnancep pelpnginc;J t;p the RElA:!. Propl3rt:y or. any PAl'\:
therElotl OElrepy mprt:9Ageq ot'intenqoq ao tp ~a/ or in Anywil3El
App13l:'ta ning ther.etCl (illcluclin~ P\.It not lil11iteq to AU, inoollle ~nq
rl3ntEl ar.ifJing thereCrol11), ~11 f:ltraatp, qUeyl'l, pAl'laAgel'l/ WAYP, ,
WAtercCl4rflefJ ,a:!.l other. righta, !ipl3rt:.t.ea and rr.ivilegefl of
"WhAt:fJOevet' kInd ot' charaoter / the reveraipnp an~ rel11f\inclerl3, And
a,.1;I. t:heElflt~tEl, right, tib.,le, intl3.reat, / prol1Elrty / pOl3pel3l3ion, ,
clAbu~nq demAl1cIwhAt:floever.al.> well Aa At lAW or in equity, of
Mortgagot'a, in ~nd to all of t:hl3 foregoing ot' ~ny orl3very p~rt:
thel'eof (l'laid ReM !?roperty, improvementat f.t.lIturea, afUxeq
lIlA.O. hinerYa.n. d. eq\.lipment/ tenemental AM. o~hflr j:1roperty .interesta
being hereinAttl3t' qollectively CA! eq the "Ilremil'lea"). '
TOQM'IIIllH \'lITH All genel'a:!. intangiblea rl!lAtingto the Ul'le at!
the Premil'lea, inolw;\!ng put not 11miteq to all !icenElea / ,permitEl ,
and aC1ret'lmenta frol11 or with all boardEl, Agenoiea/ qepartlIlentlil/
pUP!ic utilities, goVernl11entA! or othf;!rwiae/ AU nAUlel'l Unqer
whioh or pywhidh t.he prel11iEles or improvamentl'l may at any time be
operAteq 01' known nnl'l all rights to carry pn pUl3inepa under any
aUoh namea or l\nv variationl3 thereof / all tradel11~rka And c;JQCldwill
in any way l'elAtIng to the Prem.iaea, And all prooeeqa Of the
for.egoing. , ,
TO HAVE AND TO IIOLD the Premil3el3 unto Mortgagee, itfJ
aQoOeElSOrll and allsigry,s / fore\'f1t.. ,. "
^NP MOl'tC1ngors oovenant and agree with Mortgagee, as
follows I ' ,
1. Nnrrantv of Title. Mortgagora represent l\l1d warrant
that Mortgagol:'s have good andmarketnble fee aimple title tc the
'Pt'emiSI3S.
2
b'o'U~ 11 ri' rm '(20
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;j, tltW.IinnfL-O.r...hl1Wlf.llillllll1t.l11 110rtgAgcH.'11 wiU. npj: l1\.\ff,l3r or.
llurl1\H: nny Upn (ot:hpl.' thAn t:hp t \In of tllil1 110rt:gll<;fp) I
nttAohmunt, ~il1 llPndpnl1r plaud an titla or AI1I1I3I1"man1: (othar thlln
p\.\Vfunt tn~ul1 nAt du~inq"Qnt) to ul1o\.\m~~r tha Promil1PP,
MovtgAquo hAP not oanl1antud And witt not oonl1ont to the
pur.r.arI1U\nou oC l\ny wor~ or. thl3 fl.\l'n1l'lh1ng of Any mAtariAla whloh
milJht IlO dlllll1\lld to orllAtl3 A Hlln or Upnp aupllriol.' 1:0 tllP Uan
horace, ' '
"
, :). fIUmlent of /;'lU\1UL{U\gllr.m;!, MOl.'tlJAlJO\-'l1l1hAU PAY to, '
M\'lt'tlJAlJlle thl! rriOl~ipnl of Anc\ intpl"ast upon .tho Note nQoor.et.ing
to thll termB of tha Nota Bllo\.\raet hara~YI reAPonAblo ohA~lJl3P fi~aet
by I1p!:'tgalJae tp J:lnt.i!'Jfy A\1(.\ dif.'lohAl.'ga tll1p MortgMB of raooret,
nlld nll othar 1l\.l11\!'J hat."eby aao\n:aet/ Anet PilAU kaap Anti parform
aVllry other oovennnt nnd AgraamBnt of. Buoh Nota Anc\ 1;hl,13 '
MortgAgo, '
4, 1illii1:.a I Ma intananoe f~Unnoa ami Inar>eatio!,\, ,
MortgAlJo!:'13 13hAl1 ab13tain from anc\ not permit tha oOll1mi13llion of
wnllte in or About the Premillo13/ 13hAU l1\a,\ntnin tha J.1relllillae in
lJoo\\ oonetition and repair I ral\l3onnl)la wear nnd teAr. alloepteet / Met
13hnll QPmply with all stA~e, fl3c\eral And m\.\nioipnl lawll,
o!:'dinanol311 ~nd rag\.\lation13 Affl3ctinlJ tha prami13e13, MOrtgage13
13hnH havet:he riqht., bllt not the c\\.\ty, to enter upon the
Premillel1 at any roa13onAble hour After reAsonable prior notioo to
inllpeot the qt"~er, ooncli1;ion anet r13pAir chereof. , "
,
B. Insuranoe. l>Iol'tgagor13 !lhall keep the Prel1\iaes
o~mti, n, UOUl11Y in13ure. d againl1t :loss by f,ire, with extencleet
ooverAge, t\ 11 ,r il3ks encloraement, .in suoh tota1 Amount /.Ill ,
Mortgagee I1lAY 1'1.'0111 til1lo to time reaaonably raq\.lire (but 13uoh
~mount shall in no event be lel313 than ~450,OOO.QO), genorlll,
" liAbHity in13UrAnOe in suoh amounts as 13hall be SA1:,t13f,aotory to
Mortg~gee ancl agAinst suoh other hallarcl13 as MortgAgee mAY
rel\13onAblY requil"e, inolucling bllt not lil11i teet to I in13uran0I3
agdn13t 101113 or dAl1lage by 1'ira, vanclali13m, malio1ous misohief,
explodon, riot! riot attlenc\ing A atrilte, oiviloommotion, '
l\il.'Oraftl, vehioles, smoke "flooc~ anc\ other water damage, in an
Amouht eqUnl to one hundred peroent: (100%) of full insurable "
vAlue of tlhe Premises. The policy or polioies for 13uoh insurl\noe'
13hal1 be mdntAined in fUll foroe and effeot until suoh time all
the indebtednellS Ilereby seoured is fully. repaid. All PQHoies,
'inoluding but not limited to polioies for Any amounts oarried in'
eXO$lle of the afore13aid minimum ancl pOlioies not speoifioally ,
IreqUired by Mort~Jagee, 13hall be with nn insuranoe oompany or.
Qomp~niea, And inform reasonably satisfaotory to MortgA'ilaa, !lnd'
shall be pAyable to Mortgagee aooording to the terms of a
IItlAndard mortgagee 01l\use, or, of suoh other form as shall be
sAtisfaotory to Mortgagee.' All insuranoe polioies ShAll be.
t'atlAined by Mortgagee. If the inaUl"nnOe i13 written on a co'" ,.Iin13Urahoe basia, evidence 13atisfnctory to Mortgagee must ,be
fUtmished by Mortgagors as to the phyaioal vllluation of, the
J
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hOOK 1 117 1m '(21
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~rel\l. ~lieP in Q. nler ~hAt ~IQrt.'qA90\:'I'I. u. ncl MQrtqAIJel'l WU~.'. nqt I?e,oome .
oP"'~ml\n'erp in the Ilynnt qf An~' lQefil. Mqrtql\glle filhAll hAve the
r~qht t9 Apply ,thll prooepelfil q~ Any fiI~oh ~nl@:oanoe, at ite
eleoti.. pntllith13. r to !:'ef.l~o. e thl3 IMQptl3f.1nf3, flfl. fleo~rl'lq lw,,:epy PI:' to
j:'Ofltore ~he Promhlofl, 1\11 ronewal pp!ioiefl ~hAJ,l po qe!iyarf3e1,
p+em~~me paiel, to MortgAgee at leApt ton (lP) f.lI\Y~ pafore the
e*P!ration pt the plcl polio!l'% '.' W.lrtgagp+fl ",h1\11 give Mp\:'tgAgE\a
twentY.(;lP) '1AY"'/ w+~t.. tf3n r.IPtioe Pf3fol:'e any tf3rminAt~onpli'
,0anoeUAt~on peoomp", effl3ctiye,
Ii., !l'.llli1H1 lI11d other Orar.qes, Mop1;gagoPP I'lhAl:l. PAY Al:\. reAl
"1fltateta~e"" Water Anf.l "'eW"1r rentl'l, other ",im11ar olAim", aM
llfJnl'l'Mfileppecl or whioh mAY PEl Afleeel'lef.l 1\9l\in"'t thfJ Pr.emipee or
Any );Iart therl'lof, ancl AU AfHlee"'lTIantl3 lavipf.l agAin",1; MortqAqpr",
0..... thEl pr. emifJl'Ie f withQ\.lt I\ny. clef.l~otiQni. c1efAloat~on or.. I\PAt;ement,
no1; ;Ll\ter than ~en( 19) claye pefor", the f.lAtee on whioll JH\oh
tAH~"', WAter I\nf.l "'eWer pent"" Aflseeemente, claims I\ncl ;Lien'" Are
cll1"1, amI ",hAll lwocll1oe tq MortgAgee rf'lCleipt"'fqr, the PAyment
1;. he!:'''1pf in f\.lU. .aml ehaU pay'evel;'Y otho. r tAX, I\!H'el'lelnenti OlAim,
Uen or pnoumpranOf'l \~hioh may At MY 1;ime be or peoome 1\ ien
upon tile Prem!r3e", prior to thE\ lien of tllil'l l1or1;9l:\gel pr.ovif.led,
ho.wevel;', thAt if Mortqagore ehAl], in goocl fai thl .Ant\ PY pl;opel;
:j.egAl /\Otion, oOl1tel'\t Ilny. "uoh t/.\)(,e", glAim" 1 en",. '
~noumbrAnOel1, 01:' otllQr OhI\L'g~s, 01:' the vl\Hdlty 1;heL'eof, l\i'It\
13111\11 h/.\ve el3uAPlil'llleq 011' it" J)OO~I'I, or)Jy clepol'li1; of o/.\eh with
MprtqAgee ,( Ae Mor1;gl\g"1e mAY ele(;1t), A re"erve fot' t,he pAY'l'\ent
thel:'eof in euol1 Amount /.\e MortgAgee mA~ rel;\\\bte, thliln MortgAgo!:'"
I1hl\ll not be requiret\to PIlY ,th~ I3l1me, or procluoe "uoll reoeiptl'l,
t\11l:'ing th~ mail1tenl\nOe ot el\~,t\ ref3erve !lmI eO long 1\" "uoh
oontest operAtee to prevent ool;Leotion, Anclia mllintAined l\nt\
proeeouteq wij;h diligenQe, and ShAll npt hAve bli\en termil1!\tad or'
dieoontinued advereely to Mortg/.\garl3. MortgAgorl1shAll a~l'lo PI\YI
when quel I\nt\ Wil.l not sl1ffer to l;'emain outeta. nding,. . Any ohl\rg\3S
for ut11 tiel:l, whetljerpl1plio or priVAte, with reapeot to the
l'remiselil, ,
7. Finanoi1!J..Jitilirnentlll, Oul:'ing the term of thil'l
Mortgl\ge,Mo!:'t9l\gol;13 ShAll provide MortgAgee with ourrent federal
inoome tax. r"1turnsf fJ.nanoiAl. etatements, ant\ $uoh othel;
finAnoial infol:'mat10n l:'''1gl\rt\iog, MOl:'tg!\gars and/or the Premise~i
in /.\ format eatif3factory to MOl;tgagee, no late~: than August 31 of
eaoh year. ,",OL'tgagorll agree .to $upply the foregoing infol:')11ation'
ancl such adclitional infol;maticn at mOl:'efrequent int~rvAl$ as
,",ortgagee'may from time to time request. Mortgagor/3 agl:'Ele to
inform Mortgagee of anY material adVerl'le change ih.oonclitiona or
OOOul:renoe, inolUding, but not limitet\ to, any Claim, I'lUit, "
jUdgment or, ;Litigation against Morugagot's Whioh could jeopl\rdhe,
Mor,1;gagoru/ operAtiollB ot' finanoiAl. oondition, within ten (10)
bue1nes$..t\aye of thlil ooourrenoe or, material ',advert3e change,
o. Right to Remedv Defeotl3. If MOL'tgagot's fail to pay llllY
talC, olaim, liall or enoumPranoe. whioh shall be tir beoome prior in
4
bOiiK 111 ~ l'Act ',22
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UQn to tlliQ MartCJAc;fo, ot' 1:0 PAY Any iM\.It'AnO!3 promi~lm AI'I '
Al!ara!lAiq, IW to Itppp t:1l11 Prllll1illQO .\.n rllpAirl \la A~arOl'lf.\.\.q, or
ool~mit qr parlllit WAah" \:1.\lln,l1ortCJACJlllll At: i~I'l aptian (P\.It At!j:llr
Any notioll re~\.Iiromllnt'" opntAineQ I1llrll n), mAY, P\.lt i", not
ppliCJAtlld to" PAY.IlAid olAim, lion1 onaumprAnoll, tAK AIll'leOl'lllll!nt
o~" In:'omi\.lm, with right o~ 1l\.l~lI:'qCJAt; gn therfJ\.In~l'\r, I11A~ \l1AKa 0\.1011
rOpl\ira f.\I1(.\ \:AKIl ~moh atop!'! Aa it c\lllll111'1 AlivisAPlo \:0 prllvlln\: or.
, 0\.11:'11 I'I\.Iph WI\I'Itll, And mAY APllI1Al:' in Any Action Of,' ProPl3eMng with
I:'Il"'Pl1ot to Any at! 1:1113 forlllJoing Anl\ rotAin pOlml'lol theroin, And
tAKp "'\.Iph Ao\:ipn \:herein And MortgMe13 mAY Ac\VAnO!3 l3\.1oh I'l\.lm'" pI!
mOn!3Y AI'l it deoma nllcllollAry. 110rtgAgoro will pay to MortgAgeQ,
im\11odiAt13ly "pan. demAnd, all l'l\.lml3 Of. mon~y !ldVA, ncpd PY Martgaglle
P\.It"IHIAnt t:Q t:hill pArACJrAPh, togethet" with intaroat on aAoh '
AdVAI1CQ At A ratl1 or. r.o~ll" (H) peroent per Ann"m apove rAta !,!et
forth in tl1fl Nata, Or if Il\.loh rate violAtea Any J,A\~ I At the .
hiCJheot AHClWl!\>>la rate (tho "Pllfa\.llt Intarl3l'lt T<Ato" I' And, All
I'lUtlll !'!\.Iml'l and interfll'lt thllrflon I'lhAll pe !,!ecured hllt'epy,
9. pondamn./!tJ.Jm, It Any PArt of' the l~l:'emi!3el'l il'l
condomnec;t, All pl:'ooeQdl'l I1ha;U pe Applied firl3t to PAY the
IndaPtednall1'l aeo\.lrad herelly, l\\ld nQ I'lettlement far the c\AmaCJlla
1'l\.ll'ltAinlld therepy Ilhall Illl lUAde by MortgAgor~ w,i.tho~lt MortgACJell'13
priol:' writton l\pproVd tho\:'oo~, Nothing in \:hi~ COVenAnt or
ell30where in thio Mortg~gll ahA~l limit righta,ptherwiae avail~plll
at lnw to Mortgagee, inoluding P\.lt not limiteq to riCJhtllto
intel:'vene AO l\ ,pArty to ~ny oondemnAtion prooollding. .'I\.ny And all
oompenaation, awarqa, dAmalJea, olaimlt, rightl3 of Aotion and
pt"Ooaodll hareunder ~re hol:'oPY l\l'll'ligned Py Mor\:\Jagorl'l"j:o
Martg~gee, to pe appliod al3 hereinprovidod. M9rtgagorl'l agreoto
eXeou\:e any Aaaignmont agl:'llementl'l th~t MortgAgee may require in '
furtherAnOa theraof,
, ,I' ,.
10. Events of Default, The following I3hA11 oon!'ltitute
Events of Default hereundel:'l
, a, Mortgagor!! shall fail to pny, when due, principAl
or interest, an the Note and a\~oh faHure oontinues unouJ:,"od for,
ten (10) daysl or
'b, Mortgagors ShAll fail to p~y any ather Amount dUll
under the' LOl\n Doouments 01:' undet" any other note, finanoing
aCJreemont, security agreomont or other agreement between
Mortl:l~l]ors and Mortgagee, wheth!!r relating to the .Indebtedness or
otherwise and whether Mortgagee b an originl\l party or l\ssignee
within ten (10) dl\Ys aftel:' written no\:ioe from MortgA\Jee/ or
II "
0, I\.ny represen\:l\tion or warranty made by Mortgagors
uncler l\ny of the toan oooUmllnts or in any statement made by
MortCJl\\Jors in allY finanoial Iltatement, oertifioate, report,
exhibit or dooument furrlishlld by Mortgagors to Mortgl\gee pursul\nt
to any of the Loan Doouments shall haVe been false or misleading
in any ml\terial respeot as pf the time when made/ or
5
bOOK 1117 rALE '723
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, ~, ~ha f~tlnrp Of Mortoqgorp ~t~ely pn~ proparli tp
oP!la~VlJl klllJJ;l or Pllrfon~ Any othlll.' PPvClnAnt, 1l9rlJt:lmlJnt,. Wqr~"llnty
o~. cpnd tilln rpCJnirpd 1:0 Pll Q~lPllrVllq, kort Ilr perforluoc\ 1l1l~'oJ,n,
or the othor ~OAn pooll\11ol1tp, if puph fAilurt:l oontinuao for ton
(10) dAYO _ftar ropuipt Py Mortgqgoru Of writtan notioa And
c.\pl1\flnd for the, J;lel:'forl1\l\nPIl pl~ 1.1110h OOVt:lnl\nt, Ilgrt:lell1ent, \~l\rrAnty
or Ppn~it:iolll, provid,.ac.\ thAt if. Mp~'t9Agol"'" "'hall within l'lUoh ten
(~O) dflY Pariod oP!1\lI1lJnOo Aotion to onrlJ ouoh CflilUre put are
Unl1Ple, I:ly raASOn of. ':ha nAtura of tha perforl\\AnoO requirell, tp
oure the AAme within auoh pedod, I\Iwlif MortlJAgpra oontim\e auoh
I\otion therellCtar diligantly And wtthput unneoeoaArY "alay"" if.
MoptgAgOt'O ",p notiCY MortgAgee, Mortgllgorll aht'\P not Ile .in ,
"efAUlt hereundel' untU tho exrit'!\tion of APllt'10Q of til11e aa may
P13 t'aAsonAllly naoellaury to pure Buoh fAilura/ Pt'oVi.de" further
':hat in any llvllnt MortgagOr13 ahl'lll Ila in clofflUlt l1at'!llmdEIr. if
Buoh f.ailur!l 113 not curad on or before tl1it'ty (30) dAya After '
li'li1oeipt Py Mortgagors of the I\Povp...clesorilled wt'i ttlJn c.\e\\\l\nq fol"
peJ:'fprm/,\noe/ or
a, Mor.tgagora fl\U to prOV.ide MOl"tgllgQe with purrent
ral\le13tate tAX ~eoeipta on or before November 30 of eAch year
cluring the term of the Note IIOd thia Mortgage/ or
f. Thal"e shllll Ooonr a clefl\ult under Any I\greement,
qocument ol' inatr\lment, other than thfl otlHlr Loan Dooument13l to
whiqh MortgAgor!3 lire a pl\rty, the cl;1n13elluenoes of which COUld
h!\ve a materia~ I\d.verse effect on Hortgagora' pU13ine!3!3, property,
A!l13ets, operAtions or conc\ition (financiAl or otherWi!3e), the
premiae!3 or Mortgagee/s intereat therein/ or
g. l', prooeec\ing !3hl\ll hAve been 1n13tituted in 1\ oourt
"\1av.i ,1'if jurhdiotion in the premisee !3eeking a decree or orelel' for
Ip~ief in l'eapect of any Mortgllgor in an involuntllry oase uncter
applioaple pllnkruptcy, insolvency or other simill\r law now or
hereAfter in effect, or for the I\ppointment of a reclliver,
tiquidator, A!3aignee, trustee, oustoctian, eequestrator or other'
similar offioil\l of I\ny supatantil\l part of their prcperty, and
such proceeding shall remdn unctil'lmisaed or unstAyed and in
effect for a periOd of 13ixty (60) conaeoutive days or Buoh cOUrt
ehall enter a deoree or order granting relief scught in such
prQoeedinq/ or '
I'
h, AIW Mortgagor Ilhall oommonce a voluntal'Y case
: uncter I\ny applioAble pnnkruptcy, insolvenoy or other similAr 1/1101
now or hel."eafter" in effect, ehall conaent to the entry of nn
order for relief in an involuntary caee under any such law, or
shall cbnsent to, the appointment of Ol' tl\king possession pya,
receiver, liquidator( assignee, trustee, ouetodian, sequestrl\tor
or other. sim11l\r ofrichl of I\IW substantial part of their
property, or ehall make a genoral assignment for."the benefit of
orectitors, or shall take any action in furtheranoe of any of the
foregoing/ or
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" i, ~~u rrqminuo ar Any moterinl Amaunt aC the Aepete
pC l1a~'tl]ACJoI:R IH'U n 1;1:/IOhC:H.I, no 11101'\, lev lPJ\ UpAn, AI: !Hlllj oO\;C:lr\ I:a,
A wril: p.r~.AptroQQ wnrrnl1l;, or oomo wll;hin th.1P paAPPQPion A~.. Any
reoplver, truptpp,puptalC\inn, af AeAlgnoo fpr tho ~pnofl1: af
pr,uUtarf.l,AM tho !lllmo io npl; r.t:llOAfi\nlC\ w.l.l;hJ.n Il,tl'ty (GO) lC\Ay!l
thereAfterl ar '
j, A natipo Qf~iul1, ~OVYI or. A!lpOPPl11ant ip Ci~a~ of
rUQar~ with rUf3pPAt ta AU or An~' pf the Af3011tp pI! Mortl]AgpI:'e py
tho I1nih~ /l1;A1:11P/ or AnY~ePAr.t\1lanl:, ACJllnpy or in"tru\1Illnl:nUty
thorAAf, ar M1Y j:A~ep or ~ept!l awing 1\1: tho t;ime at." ti!l1of3
hpreAfl:Ar ta Any onu of thape puqP!l1Ufi\ A lion 01:' 'npumbrnnpu upan
Any of tha APeej:PPf MortCJA9prp Anc:\ l;ho P~l11o ip nat relua/Ouc:\ .'
within PiKty (QO) dAYO Aftpr thueAl11U pooal11ap A lion'qr.
onOu~\prAnOul or ,,' .'
, ~, A finAl judmnl'lnt: o1."orc:\or for. the payment of l110nay
in UKPa!'!!'! of,'l'IilN '.l'1l0I1lU~NP pqf.,r..T\IW (~~O,OOO,OO) !lhAJ.J, be J,"o!1ctUl:'uc:\
ACJAin!'!t !lny af the MartgAgorp An~ enf.aJ,"oa!l1unj:, prQooec:Ung!'! phAU
hAve Pllen oPlnmQnPe~ Py Any oruc:\itor. un~Qr puoh jUc:\CJment' pr. or~er
An~ A ptAY of !'!uohproooec:\ing!'! PhAJ,l nal: pe in _f.feot far. Any
per,tod of. thir.ty (30) OOnl'lecutive dAY!:l1 Ol.'
1, Mar.tgAgee ~et~rl11ino!,! thA,t tho proppect o~ pA~ment
or per~ormanoo of Any OOvunAnt, Agreement or quty "nder Any of
th~ T.oan Pooument!'! is i!l1pAire~ or MOl."tqagoe r.eaponf\p:\,y deemfl
itl'lQlf illl'l~CUrel or
m. 'Any I.oAIl POQumenl:' il3 terminatec\oi.1hflr than in
aooordanoe with itl'l ter.ms or. buoo!l1fll'! void or. unen~orceablPI or,
"
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n, ' Mortgagee' p !'!80Ut'i t~ interept' in the Pre!l1il3e!'! il3
not or. ceaaep to be A VAlic:\ anel ~flrfeotec:\ fir.l'!t pr.iorit~ lienl or
o. 'l'here shAlJ. OOOurA pl.'eadh or dflfl:\Ul1: \.\nctel;' thia'
Mortgage or t.he Notal or.
p. T~e failure of MortgA\1orsto perform 'or 'obaerve
any moneta.ry or material nonmonetary oovenal')t, aqrflomflnt or
oplil1ation in the Note or thia Mortgage., ' , ,
11, Remedies. Upon the hAppening of Anyone qr mor.e of
aaid I!1vents of DefAult, the "entire unpaid balance of the
prinoipal,the Accrued inter.eat and AlJ. other !'!ump ,!lecured by
thia Mortgage ~hall, at the optiol')of Mortl1agee, beaomfl
immec:\iAtely'c:\ue and payable without any fur.tller,notice Or damilnel,
anc:\ in Any BUch Event of Default MortgAgee may forthwith!
a, Foreclosure, Institute an aotion of mort.gage
foreolosure, or take auoh other action as the law may alJ.ow ill
rem or in personam, at law or in equity, for the enforoament.
thereof aM reali!1:ation on the mortgagfl elsewher.e provided for,
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~111( rAt, ';25
aM rn'QDI1I1I~ "thl1J."I1Qn \:0 r ~,nA l jijrlQlnl3nt Iw1 I1IH~O\.lt~pn \;11I11:'00n ~Ol.'
thQ Qnt~J."11 \.InpA~~ bAlAnOQ pc ~A~~ pJ."~nD~pal AUm w~th lntUJ."l1l1t At
tl1l1 j;'a\:11 pr.ovldp~ 1. 11 \:ho NPtl1., \;'1cJ. p~:hl1l) wtth Al~,ptllp1:' tIIIl1Jl'l
AQO"1:'I1~ hy th~Q MOJ."tQAQI1, All POl'ltl1of 11" t~ntQ1:'al1t'Al'l ~l.'QV~~ad
in 1::hl1 !iotB pn., Any JlldQ.l1Jl1l1t Oll\:Al. nBq py MOJ."f:QAlJl1". thrp\lIJh Anel
inp!\.Iq~l1g the qAtQ or ~ny ~hl1viff'l1 ~A1Q or the... Pt.'B\1IiI1PA.(Whl. Oh."
mAY PJ:l.I1Plq~n ana pIH)Ol:ll or ~n. 1:n.IOh pAl.'oell1, \11.ann13t' or p\:hBl.'WiQ13
AA MOl;'\:r:JMBB AhAH 11113ot) \.Inti! APt:\.IAl pAYl1ll3n\; ift \1\A~1'! I.lythp
~hBt'ift or ~ha f\.lllAl1lo"nt: q"e MprtgAQI1I1, And An A~tornI1Y'A
oo\1lmilmipn ror ooHQo1:ion whiph AhAU PI1 tha q1:'I1Atl11:' pj! UVI1 (~~)
pl1rol1n\: pf the \:O\:A'1 Qf thl1 j!ol;'I1Qolml AII\1IP OJ:'. TIi1!i \~'1l0\1llf11iP
POf.,~<<1'l HtQ, 000. 00), witt")\.It f"l.'\:11BI:' A\:AY, Any lAW, \.IAljrJl1 OJ:'
O"l1to\l1 to thl! O~mtl;'AJ."Y nptw~thlltanqinQ/ or ,
. P. JilJ11a:Y-l-Reoeiverql\J..n. ~ntBr ~nto pO~PBeAilll1 of thB
I?remll1all, with or Wl\:ho\.\t leg"l APtian, Anq I:ly fOl:'ol1 if
nl1oeQIIAry/ 1l1AIII1 tha PAma/ oolloot All I:'entp Anq prpfi\:J:l
thl1rBfrom And, Aftar dl1q\.\otlnQ All OOJ:l\:P of ORllJ:lqt~pn And
Aqm,t,nb\:J."At.ion expenpe, apply \:he"nEl\; l;'entp Anq pl.'ofitl1 \:p the
PAyment of, tA~l"II,. WAteJ." Anq lIa\~er rentP, ohArgel1 AM olAimp,
inlilurAnoe pr.emi\,\mlil,APlileppmentl1, Anq AU other cArJ."~j,ng oharg~fl
(inolUdinQ b\.\t not limitad"to agpntlil' oOl1lpenfl~tion anq I:'paflonabl~
fel1fl Anq oOliltl1 of oo\.\nf3al and reoeiverfl) anq to the main\:enanQe,
rapair qr pSliltoJ."I\\;ioO of the l1remil3elil, or on aogo\.\n\; and in
r~d"otion Ilt the pl.'inoiplIl or intereflt,or prinoipa1 And
illtereflt, hereby f3eOUrl1q, In f3\.\oh orqel:' ana AmO\.\ntf3 al3 MOl'tga<;1ea
in MortQageEl'a 1101e q~,aoJ."etion mllY elJ:lot/ allc\ hAve a r~oeiver "
Appo~n\:eq to enter ,tn 'pollllellPion at the premililell, oolleot the
"rent:1iI fIIld profita ther~from, anq Apply the pame al'! the oOllr\; mAY
t\!reot, Mot'tgAgee shall be liable \;0 aOQo\.\nt onl~ fbr rent iii And'
Profita aotUally reoeiveq by Mortgagee, For liIuoh pUrpOIl~f3,
Mortgijgorf3 hereby authol:'i~e any attorney of any oout't of reoort\
to aPPaar for, MortgAgorI'! to aign an Agreement fOr entering,an
amicable Aotion' of ej eotment ~or pOl3l1eflaion of the premilles, and
to confeflfl jut\gmanttllerein AgAinflt MOl.'t:gagorfl in faVor of
Mortgagee, whereupon a writ may forthwith if3l1ue for the imml1t\late
pOfllileflllion of the premisell, without any pdol.' writ or prooeeding
wllatf3oever/ and for 110 qoing tllill Mortgage or a oopy hereof
Verifieq \,)y affidavit shl\l1 be a suffioient warrant. The
all. thOrity, 'granted herein to oonfese judgment for pO$selileion of
thl:\ PrBl1\iflef3 shall not be e~hl\uated by An~ exercifle thereof, b\.\t
shall oontinue from time to time and At all' timefl until payment
111 full of all of the amoul'1tl'l due hereunder al'1d the performance
of all other oovenants herein anq in \:he N6te aet forth.
o. l\ttorneys' commission. In the event Mortgagee
exe.roises I\ny Of the remedies t\esorilJed in this Mortgage I ,or any
other l.'eml'lc\ies availl\ble at law or, equity, Mortgages ahAll l;1e
entitleq htl reasonahle attorneys' fees in an amount.eqUIl~.to the
greater of five (6%) percent of the total prinoipal, Intel;est and
otller flume liIeoureq by tIde Mortgage or' TEN 'l'IIOUSAND OOLLAHS
($10,000.00) .
o
i:~ 111'( I'AGE ',2"
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~~, DWtntle1 Fefil~ I H I1Ol-"tgqgap PPQo\1lefl A pqrty (py ..
tntQrvent~pnor otherW~tlR) to Any Botion 01-" prooaeAlng A~~Rottng
the premlflllfl or the t1tle thel-"eto or 110rtgAg~tl'a 1ntareat "nAar
tht~ MAl-"tgAga, or amployp An qttornay to OOllaotlAny A~ the
tn~epte~nePfl or to gnforoa pel-"formAnOe of thll opligAtiAnp/
oovenqntp An~ Agrepmenta aaollrP~ hprppy, l1ort9AgpI-"e ahAll
".l1imb\l/.'pe I1Q. rtglHle. e, forthwith. IIIJ. on wrtttan nptiqa .tm..~ witho. \.It
f"t'the/.' ~eI11Anq, for AU t"eIH.onAPle O\-lflta, ohqj."gel'l And OP\~llael
feea ino"rreA PV l'Iort.gAgae, in Any ~"oh 0'11'111,. whather aI', not "'\lit
pe PPlIlmenQeAl Anq tlhe aAme E1hAll pe I'lPO\lreA herepy AS A f\.q:th13!;'
PhAr. ge. . An~ 1 pn IIJ:jpn the !.'r13mip13l'1, AnA I'IhA11 peAr interel'lt At th13
,P13fAIIlt tnt-arept RAte,
l~, Notio~, All'notioap or other OO\1lmllnioAtipllP p\lraUAnt
harato to Ally PAr.ty I'Iha11 pa in \~riting l\nA ahAU pa ~aameq g;j.ven
when qeliVareq ParpOnAllY~ ~eliVer.aA to An ovarnight qelivpry
aervipa requiring receipt (a40h Afl FeqerAl IKPreae) or q13pofliteQ
in,the Uni. taA atAtefl mAil, o. al-"tif. iactpl-" regi,l'Itered ,\1IAil,. p.o. ~t.Age
PrePf\il1, ret"rn reoeipt req"ellta~, l\C\C\re1'1 lleC\to the part:iea at
the aC\dl-"eaaell ~et aut peloW1 01-" at such ather ad~reaa All ppoviAe~
fop by A n~tiae complying w th this paragrAph, '
If to Mortgagar~1
Peter a, ~Araly AnC\ Hallren B, ^ngata~t
41~ North Pine Top Plaoe
Bethlehem, PA 10017
aM
YOnAa ~egeye an~ liirllt SeleElhi
Fun~ Mill RoaQ, P. 0, pax ~13
SprinqtoWn, PA 10001
If to Martgagael
OOnll"mers Life InSllrl\nOe Company
1200 camp liill BY-PAaS
,P. o. /lcx 26
Oamp lIill, pennsYlvania. 17001-0026
Athntlion I llart'y lI. Defuge I InVE1l'1tment DirBotor
IHth a oopy tOI
Eokert seamAns Chedn & Mellott
one south Market Square Building
213 Market street, P.o. aox 1240
Harrisburg, Penh.ylvan1a 17100-1240
lIttanticnl 'chriatophet" 11. ciooon1, Esquire
14. oumulativa Rights and Remedies. 'l'ha rights an~
remet\ies of'Mortgagee all proViC\ed herein, or in aaid Note, and"
9
liiioHU~ t'A!,( ',27
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tlH\ WAt:'t'Ant tIHIt'Il!n oon1:f.\ !nllCI, ,I1hA 11 110 o\1llmlAt! va An~
opnol\t't'anl:, An~ mAY IlI1 rll1~IHI!l(1 Q J.nlJl.y, Q\\ooaQQ iVIl:\'y ot' t.ogathQt'
. At tlla pp~a ~!l1orat!on of MortgAgaq, QIlAll ~u J.11 A~~it!Qn to All
ol:IHW l,'oml3c1illl1 AVAilf\pla At 11\W An(1 O<::\Il!\:y, AmI mflY pa a~qrp!l1acl
AP oCtlln AP QOPAP!on tharofot' f3hA:\.:\. poo\\r, Anq tha fA!lllra to
a~at'O!!l1l Any p\.loh dght or t'amo~y I1hAll !n no I3vant pa qonl1trllaq
AP A WAivar at:' r13113A!l13 ~f thQ PAml3,
lli, Watvor Qf ()aCal1tllULlUKL.Qllrl:nin t{gt:iODfl, ~'ortgl.\lJorp
het'flPY waive Anq raleAPa I
A, Allarrorp, c1aCaotl1 Anti impllt'faotionp in Any
prooeflelingQ inllUt\.ltl3c1 py MortgAgaa Ilmlar t:l1ip MortgAge or tha
!iota,
, \.1, All Panafit thAt might AOOt'Ua to MortgAgot'P Pf
virt\.le of any pral'lant or f\.lI:\.lra.1AWIl al(alnpting tha Ilt'am,il'la!l, Or
any pf\l:'t of tho prooaaclQ A+ifl~ng from Any PAla tharaof ft'oll\
Atbohman\:, ~~vy or PAle \.lnelat' o~eolltion, ot' p\~\lvicling for Any
ptAY Of l3~eou\:ion, el<omption ft'om oivil prooapp, or extpnpion of
time fOr pa~ent, Ancl
0, All~otioaa l10t harain alpaWhara ppeoifioAlly
t'eq\.liretl, of MortgAgori'll clefAUlt or of Mortgagaelp exeroiQe, or
eleot!on to el<et'oil1e, Any option unoer thiQ MortgAge,
16, lli\tiafaotion of thill MOI~t!ClaCle, If MortgAgorl3 oOlnp1y
with the provil3ionQ of thiQ Mort:gMa And plly to MortgageB paicl
prinoipAl Qum, And All other pumQ pAYAPle by Mortgagora to ,
Mortgagee AI3A):'e hereby sllourad, 1n aooortlAnoe with the .
proviQiona of tho Nota MtI in tho manner and at the timea theL'ein
Qot fOL'th, withollt dOduotion, fL'aud or delay I then ancl from
thenoefor.th thie MortgAgo, anti tho eQtate hereby grAntetl shall
oeAae and baoome void, Anything hareinpefore oontainetl to tha
oontrary notwithstand1ng, '
17, 9cmstruotiQU, 'rha wortlQ "Mortgagors" anti "Mortgagoe"
inoll\do flingl\laL' or plural, individual or oorpora1:10n, and ,the
reppeotive hairs, axeoutors, ntlminiatratorQ, suooessorQ anti
assigns of Mortgagors and Mortgagee, AS the oaQa may be, 'rhe use
of any gencler appliea,~o all genderQ, If more thAn one party iQ
named as Mortgagors I the Obligation hereuntler of eAoh suoh party
, 113 joint and aeveral, '
18, ~nsfer of 'ri.t.l.g, unleQs with the written oOMent of
Mortgagea, any enoumpranoe ot' tranSfeL' of' title by Qale, gift,
ground leaQe or other leasa of all or 1\ substantial portion of or
interest :l.n the PremiQes, grail\: of an opt:l.on/ tlav iQe" oonveyanoe
by operation of law or otherwise of tha foe simple OL' equitaple
title, or of any interest 'whataoaver in all or any portion of the
Promises shall have the same oonsequanoeQ as an Evont of Default
raQpeoting tho, IntleptadnBQs seouL'ed hOl'eby,
10
~'liiif. t t 17 I,AtE',28
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:1.9, ~l1VironlJ1tmt:t1l l1ntt.nnt,
A, Mo~tgAqP~~ ~Ur~U~Qnt AI~ WArrAnt to Mo~tqA9pu
t:hAtl
0) N13ithur.Mor.tqqgpl:'1'\ "nor An~ ACci:\.iA!:.13PC
MortgAgprS is in Vip~At.ipn pC 1'ha oPll1pvallanaiva f1nvil:'Ollmant/.\l
R13l'1ppnaa, oomp13naAtion Rnc:! Hif.lpiHt~ Mt PC :l.91W ("of1RaJ.i!l") I thu
, Il\Wp):'c~nd Manc:!ments Anc:\ R13A"thpl:'i~at:ipn Mt ot :l.9al! I 'l!ha '
R13r:!o~vq13 OonaIlI:'Vl\t:\.pn Anc:\ Reoovpr~f\qt pf :l.97111 AI'I A\nanqeq ~w t.he
, Hf.I~!\pc:\p~a Anc:l 110Hq W!\!'l1:p IImenc\mentl'l pC ;1.91\4 I '1'1113 OleAn WAter
^oi~, 'l'hl3 'l'PK:io l1"pl'ltAnoll13 oontrp~ Mt AM 'l'he QlaAn Mr 1Iot or
An~ r.~~13 or l:'ag\.\~l\t:\.on prClm\.\~gl\t13c\ ImrlHIAnt to I\ny pf the"
CoragCllng, 1'It.l\t\.\tea, or An~ Clthel:' Aprliol\p;te envil:'onmantf.l~ 1A\'/,
I'It.At\.\ta, r\.\la, reg\.\lAtiPn. or. Prd:inAnoe.. (/'\11,. Pf the f.ppagoin9 I\ra
hereinafter aomat;im13a 001leottve1Y refem:eq to as th13
H~nvironmentAl \:lAWa"), ,. ' ' ' , ' , .
(ii) Neith13r MOl:'t9qgpra nor Any /.\ffi1:iAt13 of
MortgAgora, or agent, Clr inc:\apenc:\ellt oontrAotor Of Mortgagors has
AVrAngec:\, py oontraot, Agreemen\l or. otlwrwise, (I'\) for the
c\il'lppsal or tl:'aatmsnt of I, or (n) with A trAnsporter for t:hp
\lr/lnapClx't tor di!lpOSAlov tt'eAtman\l of I Any 1\1\!!:l\rc\ous I'I~pstanoa
(1\1'1 e\efinec:l p~ OmROHII, AI'I Amenc:lac:l), ownec:\1 UI'I~c:\ or pOl'll'lBl'laed p~
Mortgqgo!;'s, ,ic:lentif:\.E\c:I Py the I~V^ on the NAtional l?rioritie!,!
T-lil'lt, 40 a,!!',R, pa!;'t 300, at any If,10Ation, . , .
," , r'
,
(ii i) To \lhe peat ImoWlec\ga at! MOt't;9Agor.l'I, no
~lrec\eqeasor (AS c\efinec\ inam~oIJ\) has ArrAnged py oontr~ot I
Agraement 01:' othel:'w1ae, (1\) for the c\iflllPI'IAl or tt'~Atment of, , or
(n) with a tl:'anl'lPot'ter f()r UrAnflpot't,t!or the c\i!'!pol'l"l or
treAtment of, any hail<lrdo~e subfltAnoe (A!'! c\eCinec\ in oJil~oL4, aa "
amenc:led), ownec:l, U!led or po!'!sel'lsed py any l?rec\eoeflspr at any
looation PWned or Usec:l pyMortgagor,
(iv) Neither Mot'tgaq~rfl nor anyafCiliate of
MOl:'tgagors ia an "owner" 01:' "operAtor" of A "taoility" as def:\.nec:l.,
Py OEROL4, as Amendec:l,
(Vi Neithe!;' Mortgagore nor. any .affiliate of
MOl:'tgagors "owned'. 01.' "ope!;'atedll any "fAQility" At the time Any
hAIlA!;'dous supstanoes. were disposed of with,tn ,the meaning of
OEROL4, AS amenc\ec:l, ' '
, b, Mot'tgagol:'fI shall dO. mply with all ~nVironmentaL.J.,<lws and
shall obtain, maintain, and oomply with all permite, lioenses,
registrations and Authorhat1ons'l:'squil.'ec\ unc:ler the Environmental
J.,aWa, MortgAgors Clhall oomply with all govEll.'mnel\tAl Ol.'c\eI:'S I .
,direoti ves, jUc\gJ1\ents, ordare, deot:ees I aWards I administl.'ati va
consent orc\et'SI eattlement agreements! or other settlement .
dooUmsnts anteredinto with any administrative or 9t;Jvernmental
11
iiOUi: it 1'( t'AOE 72U
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IItJ~npy Pl:' ~nU1:Y POl1pprntnQPOmpUAnpp wit:h thp IDtwir.Pl11nnntAl
HAWIiI,,"
,
P, !1or.t91\C)Pr.f:l "'hAU ,'np\: \H~O PI: plw1nit: thp \Hlll o~ tho .
rra~i/ilu/il ~Pl:' thn gUI1Pl:'Atipn, PtOr.1I9p, r.poyolinq, Pr.oonpp.\.ntJ,
trAnl'lfjpr1:Atipn, ~,t'PPPf.1Al 01: qr.l:'plPAQn P, f A, ny 11l~IIA"qP\\t1 p,\.\IHltilnco
(Alii C\pfinpq hy OWRP~, alii Amondod), Mortgagorp PhAll no\: \.\pp pr.
p~J:11\it thp I~!lll o~ thll prpmipllp in a mAnno~' which wo\~ld IllI in
viollltipn Q~ Any ~nvircnmpntal ~AWP, .
,q t Mprt:gAtJOr.1'l l1erepyagr.lle to clu~eml, inclamnity and ElAVP "
Mpl:'tgAgee hArm:l.ep/iI ~J:'pm And AgAinl>t AIW And AU lO!lfl, Ql\mAges AnQ
CPEit/il, ,'inoll\<Ung rllAI'l,OnAP:l.n Atl:orneY/il, fllell IIncl e~plln/ilql'l which,
MprtgAgpe mAY,her.eAfj:er !l\.\ffer., incur or lAY o\.\t, Py rell!lOn of "
IIny liAbility APi/iling out of ~nvironmqntA:I. LaW/iI, p:l.Aiml'l, or '
prpoepdintJl'lcluP to. the Aol;ivU:iol'l of !1optgl\goPI'l oj:' IIny pthe~'
pet,'l'lot,' oj:' ~nti t~, qui:' ing Mor.tg/.\go/;,f.11 pwnerl'lhip of the p!,UmiElIlEl,
'l'h1l'l inclpmnifiPAtion /ilhAll extunc\ 1:0 Any l1APUi ty Mortqllgee mAY
/iI\.\ffel:' Ol:' inqur in oonnect;ion,with Any tP~io WA/ilte cleAI1 up
orderpc\ hy Any gov~pnmentA:I. IIganoy or OOUI:t" Thip incll'lmnity
I'lhAU I'lurvivll An eVllnt o~ foreQ!,o13ure uncler thi/il ~Iortgllgn or
conveyAnce of the pr.emi/ile/il in lieu of foreclosure,
~0,HiatoricA1/Arqhaeoloqica1 Matters, Hortgqgo~B certify
,qnc\ WAr~Ant to MortgAgee thAt ,the 1)remi/ila~ i/il not on l\ncl, to the
pel>t o~ Mortgllgorl /iI Itnow~eclge, iEl not 0119iblo fo!;' the l'/atuJ;'al or
I Pel'lnl'lylVl\JliARegi/ilter of lli/iltoric Plapel'l a/il poing of pl\J:ticU1Ar
hil'ltorio, Arehitect\\PAl or al:chaeologioAl signifioAnci3, lind'
therefpr i/il not ~"pject to tho oontrol or regUlAtion of any state
Ol: fodoral Agency haying juri/ilcliction over suoh p1l1col1.
~l, Plant Mor.tqaqe" MortgAgor~ And MOl:t9llgea intenc\ that
thh Mortgage /ilhall be A plAnt or inc\l\/iltrial mortgage,. IInd that
the,1ien of this Mortgf.'ge /ilhall also extend to the reAl estAte,
fixtures, and other property'preViou/illy,descriped neoeS/ilar.y to
opeJ;'Ate the l?r.emil'lea alii a going concern, ' " ,
,_. I'
22. oalJtio.tis ,'1'he cartiona' herein At:'e in/ilerted only for
convenienoe of t'efet'emce anc\ in no waydef ine, lim! t or descrilla
"the aeoPa or intent of this Mot'tgage at' any pa~.ticuJ.l\r parngraph
or seotion hereof, ncr the proper ccnatructionhereof. "
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23, Late Charqes. In the event any installment of
principal and intet'est or. other payment t:'equired hereunder c~.
un<lel:' the I'/ote shall become overdue for a perioc\ in excoss of "
fifteen (16) clays,. a "late charge" of four, (4%)per.cel1t of the
unpaid dept service will be paid by the Mortgagors on demand for
I:.he pl\l.'poEle of defraying the Mortgagee'!'! expellses lno!dol1t to
handling such delinquent payment.
24. EstolJlJel Affidavits. Mortgagee and Mortgagora within
ten (10) bUsil1ess days after receipt of written requeSI:. from the
1.2
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Qth~r'PAPtY AhAll~UFniph A wri.tt~n ptAtompnt, ~U1Y. APknoWla~gB.~,
. p~ttintJ r.orth !:tIP ~,"~~A1q pdnoipAl of I An4 i,ntorlHlt on, tho No\:o
A~Q whathor AP nAt Any offaotn op qafpnppp oKl~t AgAinot puah
prinoiplI:!. .Anq. i. ntp~'opt, AneVqr. ~Ihe\:ha.y . pr not th!lt'o. 0111. I~tn op hAP
!Jeen AIW dl!fl\l.\lt um~ep the ton~EI of \:hiQ MoP\:9AlJo or UnqOr ~moh
othoit' qpoUmontA MI twe Olleou\:a(\ 1n oonnootion with thill MOP\:'.IAlJo
tPlJothaP ~tth tho ctetAilA thorooC,
~n, I~validrraviaiona to~ffootNo athor, In OAaa any ana
qP ~QPe of tho ppvonAntA, A9poomontn, turma op proviaiona
oontA.l.netl 1n 1:hip 110l."tlJAgo or in the 1'I0to I'IhAll po invAlitl,
iUlll]A:!. or unenf,pl."00AP1P 1n AnY 1:'0lOpeot, tho vA1!tlity of \:hp
1.'ll\llAin!ng OPvllmmtp, AlJl:'pementll, tej:'l1m OJ;' rroviaionl'l oon\:Ainll~
'h~r.l!in anti in thp l'Ioto I'IhAll 110 in noWAy aCr.aotot\, proj\.lt\ipllt\ or
t\bturpo~ tlwropy,
~&. ~ber Aaaur~, ^t Any time, And fl:'om time to timo,
upon re~ueat Py Mort'.lagoll, Mor\:gAgorp will mAkll, oKooute Anq
qeliver or oAUl'le to Po mAdo, olleoutect And ctoliverotl to MartgAgop
" Any Anct All other fur\:hel." inl'ltrumenta, oortiCict\\:ul'I, Ant\othe~
doc\.lm13nl1", al'l mAY, in I1he opinion of MortgAglHI, pe necesllary o~
qelil~~t\lJla in orqe~ to eCfeotll!\te, comp:!.el1o, rerfqot ot:' continue
And preaerve the op1!gAtion of Mortgagorl'l lInder I1he No\:o And \:he
,'lien of thh Morl1gAge, Upon l\ny failllre Py Mor\:gagora 1'10 to clo,
, Mortgagee may ma~e, eXflo\.l\:e anct l:'eCQrq Any and aU I3l1oh
1nliltrllmElntlil, oe/."l1ificAtes And documElntl'lfor And in tho nam"! Of
MortgA(lol:'$ anti liortgagOl:'a !lerslJy irrevolJAPly AProintMor\:9Agae
"the agent anc\ attorney~in..fAct of Mortgagor$ !'IQ to do, ' , ,
\17, Medi,um of Pavment, flU pllymentl1 of princirai, interel'lt
anti any and all. other payment required or provicletl for herein
I1ha:!.l be'paitl in laWfUl money of the United atAtel'l of AmeriCA
which !lhAll be legal tf3n~er in payment of 'all depts I1nd duel'l,
pupl!c, and private, at the time of pAy\nent, At the principlIl
Office of, Mo~tgagee or lit stIch othet:' place either within or
w~thout the Oommonwealth of pennf3ylvlln1a as the holeler of the
Note mAY frq\ll t~me to time de!lignate, sAict payment to be, made
net to Mo~tgagee, without aetoff, dectuctl.on orcounterolaim,'
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~H17 l'ACl ',31
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MPllIIllPATlON ANn IH~I,tJAHN MIIHJlCMtll'l'r
'1'11I& MODIFICATION ANP IWI,IlASll Aqltlll!MI1NT (Ih~ "A!lr~OIl1~I1II1) I1llld~ liP nflhl~ l.gI~
,IllY of April, 1995, hr 1I1111111l101181l01~r J, Kllrnly 1I1111'Jlu'r~11 n AI18Nll\lll, hl1NhnmllllH1 wi I'll, of 41 ~
, Nprth Illn~ Tnp Illno~, n~lllloh~l11, Nllrlhlll11P\llll CII'HlIY, PUl1l1sylvllnl1l I HO 17 (horolnllflor rpfprrp~
10 nq "KlIrpIY-AnBstllllt"), Yom'N ZP8PyP 1111111111111 .S~I~8hl,11118bllfHl "ml wll\l, offllnk MI/II\pn,l,
1',0, Ilnl\ :413,13lirIIlBlownl /lllckN County, 1'~111l8YlvlInlil laOIH, fl~1H1NYlvlInlu (hor~lnllfl~r rol\l'TPII
10 lis "Z~8Pyo,Solushl"), 1\1\\1 CIll1s1111l0rR '-Ire IIlNurllnotJ (Jpmpnny, II 1)011l\Vllrll Cprpnnlllon with
omposln ClIlllllllIlI, C\ullPtJrlnnllCoullly, 11ol111NylvlInlll (Iluruhlllflor I'uforroll Ip liS "Mnrtan81l0ii),
. " . .
W "('N la R S fa'l' II,
WHURI3AS, Kllrply-An8stllll\ IInll ZP!loy~"Slllo8hl llY II MOl1/Jflgo ((ho "M\ll1llllll01) dRlod,
flllPnlfll}' II,' 1993 1\1111 rocorllpd In Iho oOlco of Iho It~ullrdpl' of popds In IIml /Pr CIIIHII~rlllnll
COllnty, Jlllnn~ylvlIl1ll1 111 Mnrtgnllo Uook 1117 IlflllO 719, Brnnt~d find cllllvoyod l\Ilto MnI18I1ll~o,
lis SUOOOSRnrs 1I1\lIIlRs18ns Iho promls08 llosprlbod In tllp MOl1811/l1l 10 SIIOllro tho pllrnlPllt of II
\lorlfllll dop\ or sl1111 In tllp prlnclplIl IIn1Q\l11t of flonr Hundrlld flny ThO\18nn~ Po 11m
($450,000,00) wllh hltPros\ IIn~ ol\pollfed fI Torm Noto (lhuiINoIOII) ofllvon ~1I\Il, Assl8nmlln\ of.
Lllullsflml Rlllllllln, nml othllr IlpOllmonls (oplloollvoly hurplnflflor rofprrod to lis tho "Lonn
' Pnclllllollls") ovldonpln8 IInll sPOlllin8 tholr Joint fll1~ sOV!lrnl OpII811110ns to Mor\8f1800;
"
WlfIlRIlAS, KlIl'oly-Angslfldt flud ZOllPyo,Soloshi'/lIIvo roquestod MOrlll1l800 10 rol~lIsP Kflroly-
An/lal"c\\ Ifom \hllll' otlllllfl\lona \IndoI' lh~. NOI.o 11110 tho olhQr LOflf1 POo\ll11ol1\a;
,
WHUlWAS, ;Z;ogoyo,Soloahlllro wllllnll \0 flSslll11Q fill oblllllltlona, ,\lndor tho Noto 111111 tho othor
LOlln POOlll11onlRi
WHEREAa, M0111!1I11001s will/nil \0 I'olonso KlIl'Oly-Anllslndl ttom tholr opll8f1tlons undol' \ho
Noto And tho olhor toan Dooul11onls oOlldllloned' on Mortlln800 I'ollolvlnl! fI Fll)y ThouRlInd
, Dol/flra ($50,000,00) pllymonl 011 tho Noto OOl\lol11pOl'llllOOIlS with tho oxoo\ltlon of lilia'
Al!l'ool11oll\ nl1Q 111 nCCOrdfllloo wllh Iho \orms IInd condltlollR'SOllbrlh hol'oln. ' '
NOW THERHFOI\Il, In considorntlon \If 1110 111\II\lfll prol111sos nnd oovonnnls liol'oln oontlllncd,lho
pari loa ngl'Qo liS followa:
, I. All rcohllls aUllbrth IIbovo IIro Inoorporn\od 1101'0111 hy I'ol'oronoo ntldforni II I\1nlorllll plIl1 of
IhlsAl!l'c0I110111; "
2; KR'I'OIY-Anllfltn~1 IIl\d Z08llyo-SoloRhl shall dOllvor to Morlgfllloo FIOy 'fho'usand Pollnrs
'($50,000,00) 10 bo IIpplled 10 tho prlnolpfll blllllnco dllo lindoI' Iho Nolo,
,
3, Morl8111l00 shall 1'010llRO Illld fOl'ovor d1Ho1I1l1'811 KnroIY-Anl!sllIdl, Iholl' I'ospcollvo holl's,
11l10CORROI'R IInd ~RRh.lnR 11'oll1l11111nhlllty \IndoI' lito, 1'1010 nnd tho othor Lonn Docull1onts,
"
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4.
ZP/5ey\),Rpla~hl ijhnll 1I~~\lIlW IIlIlho 01)1115"1111115 nf KllrolY.AI1B8\1I111 \lmlpr lha No\e 11I1111he .
plher LOlll1 P,oP\lIl1~l1lft 1111" h~r~IIY I'MIOp! 1111 the lcrl11~ I1I1IIcOl1l111111118 oflllP Nolo 1\f1111he
olher 1.01111 PnO\llllon\~, .
l'llleaPl IIR provlllc\lll1lhl~ A/5roOl11elll, 1I111Pnll~ IIIHI COl1lflllol1R llfl11\l Note IIlHlthe .olher
/...01111 POC\lmefll5 I)y 1Il1\1 111110111:1 thll parllos shllll IIpplY. TOml~ IIscll horllll1 wlthou\ IJoOl1hlon
Rhllll 11I\Vll lhll sllmo I1wllnlnB IIR prpvhlollln thll Note IIlllltho olhor I,PIlI1 POClllnenlR,
IN WI1'NlJaa WmmnOf7, Ihll PllrtleR hllVo O~co\l\lllllhIR Mq~lnPII\lpl1l1nll RlllOIIRe Asrooll1en\,
In11l11l111111 \n be 101l1llly bO\1I\11 \horol)y, Il~ of lho 11010 Or~t RIl\ fprlh IIbove.
s,
WITNESS:
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'CONSUMURS LIFU INSURANCU COMPANY
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CQUR'l' of OO~1110l'l 1ll,BMl IW cUM\llmLl\tlP OOUl'l'~'V, PEl'IIH1VLVI\l'II1I
oQNsu~lm\l I,J FI~ :r.NsU\lI\Nal~ Ca~1P/lNV
I'ln~ "t:~, H I
civil Aotion No, 9~~39~9
v,
VONIIS ~\ilOmvF1 ANI) Il:r.HU'1' Sml,I~SIlI
pefonelAnt,
tl aT I 0 El 0 E-lillWG II tl HIM' IOll..Ql.\Jlli
(AutomAtia stAY) ,
C:\"IMI~13 NU\~, ~onlHI Zogeya dnl~ 1l1l:l1t 1301.osl'IJ., jjehtl.W13, 1n n c.1nl'le "
unc\e~ reorgani~atiol1, herehy filee n Notiae of ReQrgani~AtiQn nncl
J\l\tpmntio st:ny eugge!'lt.ing tp the Court thAt 1\11 further nation upon
"
the !'Iaiel auit relative to sAiel elefenelant be !'Itayael forthntl
:\.. on the 14 t:h dAY of November, :\'997, a volunt:nry,
petJ.Uon lmeler Ollnpter H of the aan~ruptay Ooele W,AI'I f Hed llY the
elefendl-mt .tn the united stl\t:efl B<lnl~I:I.\Ptoy court: far the Dilltriot of
M<lryl<lnel, aalel aa!'le being doa~et:l'lel <113 CUlo1e No, 9'1...aa97:t....PI~. sdc\
filing opnat.ituteel an order for relief PUralll\nt to the provi!'liona
"
of the Bun~ruptoy Coqe, Mq add prooeedin9 haa not heen di!'lml!'lllel\.
a. '1'he debt (and jUdgment Where obtdlled) upon whioh
the aboVe !'Iuit ia prem!eod haa heen or will ba, tluly aaheduled in
aaid prooeetUnga, and due notlae by the nlln~ruptoy Court of the
pendenay of the proaeeqinga will he lsaueel by the pll\int.iff herain.
'l'he dei.lt upon whiah thia au1t Waa filed (and jUdgment whet'e
obtained)' is cUaahal:gonble 1n the Chapter 11 case, upon
,..
confirmation ,of a r~organiv,atian plAn. A db?hargEl would be ,1\
complete d1eaharge and relense of any fllt'ther legal ob1ic;jat!on of
defendallt toplnint.iff upon the plaint.iff I s claim and suit (and ..
1
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j\l~gmantwhara o~tn!nodt)
~, 'I'ho IIPOVIl onp\:!anoq !'!\.Iit WAa
(1l1\PIiOll\lont:l to tho dA\:o of t:ho HUng aj: an!rl
IlAnln"\\ptay 00\11"tl, Ill1nlq"11P\:PY, <InrI tlha' olnim ill An
!n tho roargAn!~At!On pnllO,
" 4 ,P\lt.'O\lAnt to tha UAn~r.\.Iptoy Oode, H, 11, I'l, 0, I'loo~ipn
36~, tho f!ling of tho dohtor.'o Petition nota ao nn automntio Iltny
of notiono on All olftlm!'!, t:hAt At."Qlla pefor.a tha OQmmanoamant of the'
filed pr.!or.
AotiQn in !lAid
AU.PWf\bla P1Aim
Chnptet' H,
(A) WXoept Aa pr.ovided in a\.lboeotiQn (b) of thia
oootiol1, a petition filed Ul1der. oeotion 301, 30~, or.
303 I'll' thia titlo opet'Ate~ a. A otay, IIppl10Able to All
entitioa, of ,
, (1) tha 'oommenoement at' oanUnUAtion, inol\\t\ing the
iaauanoe or amployment of prooeso, of a jUdioiAl, at\miniatrativo,
or 'bther prooeet\inga Agnil1!,!t debtor thnt WAS ,or ooUld hAve been
oommenoad pefor13 the oommenoement of the OAse l\l1der this title, or
to reo over n olni.m Agl\.in!,!t the clf.lbtol" thAt Arose pefol"e the
oommenoement of the OAaa unclal' thi!,! title/
(~) the enfQroement, <lc;JAinat the debtor Or againat
the eetAte, of a jUdgment optail1ed, pefore the
of the oaae under this title/ "
property of
oommenoement
, (3) any Aotion to Qptain poeaeal3iQn of propel"ty of.
tho eatate or of property fl;Qm the eatate/,
(4) f.\ n\' aot t.o r.lre"tf.l ( pel1'fent I "'1' enf.r;1roe an~' lien
againat pl"operty Qf the eatnte/,
(6) any ao1:'to oreAte, perfeat, or enforoe againat
pl'opert:y of the deptor, any lien to the extent thAt suoh lion
eeoures a olaim thnt arose pofore the oommonoement of the OA",e
under this title/
(6) nny not tQ oolleot, assess, or reo over a 'olAim
against the doptor that arose pefol"e.the oommenoement of the oase
under thia title/
(7) the setQff of any debt owing to the clebtor that
arose pefore the oommenoement of the oase under th1a title againbt
any olaim against the debtor/ and
(0) the oOl11monoemel1t or oontinuation of a
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