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HomeMy WebLinkAbout0209~~~ ~ r 3. Tct %sia.:s arcs z~srrt;nuovsiy ksap on itto }~tri:dlrrjfm +tOcx it }gtra,tffar stlalafr oat lattf tart3 anti r7rt a;! e:;utgk~ttant and prncx.ai2y coaa~re: by kfcra rx,c:rt9. age, with all prrsmivens tt.eraort pe+d in futf, f'ut irwuransr M the sertwl asst-cfe'tf pofky farm, In a nr:m •pprrivad by the MOkFt,AtsEE, and .vi:,d.to„r snr.n-rnce in tM ueuei starteiard ~.llry for,vt, In s aver upprawad by the pfq")itYCsAGEf: to sv[1 tgrrpeny ov tornpantes as the Mc~RTCiAGEc may diree't; ertd si! fkte x4td winttsrivn^ ir+as.rsreta pslic.Na or+ any csf acid bufkfievgr, arty lntrrart abstain cw+ qaN t}varraf, fit the rgCragatr sum ai rxeaaid cx l,t excess tlteraot, ahee.i co:ttaln the usual starrderwi mts!'tt3atitee dauae er wdr M#Ye+ ctwaaw a tree itRortgagseo may rrgv.re, making tl,e Fraa LY,der said pciS- sraa, RKh a,td every, payable ro srid M4R7Ga+CaEIE as th lrafartat may eA~r, arm tie ark wary surf pclwy shalt be prorteptiy esa+(aned and dalivstaa tc • ty he'd by sate! rtAQRTGAGEE az f; riper sacuetty to said mart~a drbl, wad, no! F,-aa thyn Mn (t U) days to sdvanco of the expiration of eac#+ prriiey, t^. de- tivtr to said AAp{fTGACrEf a rrr'tewsl rfrareof, IoQathar ~whh a racaf¢t for tfta pramtwn of aaslA ravsawal; rand N+are stoat; De rq ttra w wirsdstorm insursnc• placed cnn any of a•td hyz+iidinga: arty lntrrrat ittyrain av part ftttraef, uniws {n the fern end with the icao payabir sa aforetetd; And in The want my su'n c! money taacomw psysb+.a under -uch pultcy or pottclaa raid !sh?RTCafztiEfi af,aii haw true oPeior+ to rare"tvs and apply tM same on account of the indebted etas seivrrd Mreby r>. ?ca permit wid fNORTCatGgRS ho recafvs atrrd wart it isr any per4 strartof for Debar pur;xxsas, without rttareby wniving nr impair ing any .gaily, flat. or right undrsr br by viraw o+f thh mCarigay'rt rntd in the event acid ARpRYCs.4Gt7RS shat! }rx my naessrt fat! Yr kuep the said premises so inturad, os fail to deliver promptly any 4f -aid polictsr of Vnaurance to asid MC?RTtiAf:EE: or fall promptly to Pay fairy any prr!niurn tfrarefar or in spy respect fall t® partrrm, discharga, etcec:»s> effrtt, .-orvtpia:~, cnn+aly with ar+d abide iy thas mvanant, or sty part heno#, said M4~RTCi{iGEE may plaza errd pay fcr avc}t n-uranca cr any part tharsof w!t}saarrt waiving! a aHeactir,q any option, list+, aqui'y, or right under or by virtue of this Mortgtrge, and tt.• full amount of each ant awry avc}, Deym.n! shalt bm Smn,ea9ietely due and wyetblt ertd shall hoar i :rarest from the data tlxroof until paid at thr rata of nt++e par cen+r:m fear arurum and togett»• with, such tntrrta+ shell ~ secured by tht Tian of this mortgaps- 1. To permit, canrntt c sz-ffor +w waste, impetrrnant w detakxetiwt of uid prapnrry or any Dart eherevf. 5. To pay sit end s;rvtuta ttx coat:, tharg=w and experster, Including • roaaot+ebte at't"at'n•y'a fte and costa of ebatracts c:f till., irocurced or }void st any ttma by said kls'NtTGAGEE, bracauae rtr in the wrm of t}te feiiwn on iV+s Care of fha tali 9a1URTGAGUR to duly, pranpNy and (ulEy pe-.form, discharge, zxrrc4se, efttct, tr.'•rrtD."ate. esynrsp!Y w?rh o~i ~~bi~t~a by each and awry the atipufationa, sgrwsrr+eaeva, carrdi*iana. erd cownsntt of sold promisaQry note and thie mortgage any ar tither. aced staid cwts, chergtss and espYrwe, each a++d wary. sMlf ba lmrrtedutoly due artd payrblt; whrt}ner cv notet}ttrs Eae notice dr mend, aehmpt to raliaet or wit perulirapj and the foal amount of etch and wary ouch poymtrtt shell haft intartct from the t9ata ihare'Jf until paid •t tF.s rare of nirx par centum per •nnvm; and ail wid costs, charges and sapenaes sncurred a paid, togtther with such Interarat, sltati ~ secured by the lire of this marigarea. d. ?hat (a) In the wont of any iar~ach of this Mcxtgsge a driau!z ort the part of the MC?QTGAGCR, or (b) in t}ao want any of said awns of money heroin refs-rand ro be not promptly and fully pakf within thirty (~0) dayh next aftrt the same savrraily become due and payable, without demand or trotter, ar (<) {n the watt each and awry the sHDulationa, agnemtn». conditiae+a and covarsante of said prarrtinrory note and thin rnortysq• any or zither err not ~vly; promptly •nd forty ptrfcrmed, ditrt}sarptd, rxstuttd, affected, trotnpHrtad, corrtDi{ed with and obitled vy, tfutn in althea a any suth want the said aq greyetr sum mentioned in said promissory no`s than nmain{rtq unpaid, with tntarest aeerutd, and all moneys taturtd hereby, shall become due arx! pay- able fort}:with, a thereeher, a~ rho option of asid MORTGAGEE, sa to+iy std crxnpletsly sa if a1i of rf+a asid sums of money wore originally dipu!as:d to ba paid an tuck day, anything ;n se+d promissory Hero or in this Mctrtgege to >.he cantrsry notwirhytertdinq; and thereupon M rhtreahar •t the aprion of said MGP.TGAGEE, without not+ce or der+tand, wit at taw or in aqutty, 4}vertfore a there9ftar begun, may he prosecutod as if sit moneys secured hereby had matured pew to its institution. 7. That in the went that a the beginning of or at any lima pending any suit upon this Mortgage, or to foraclrste it, or to reform it, or to enforce payment e` any c!a~ms hrreunder, said MORTGAGEE shall apply to th.e Court havirq jurisdkticrr thereof far tho rppointment eft Receiver, wch Court shall Forthwith appoint a receiver of said mortgaged property all and tinquiar, Including ail end sinpvlar the i,^.come, profits, iawea and rwenues from whatever source derived, each and ovary of which, it Min4 exprtasty understood, Is hereby mertpaged as ii specitica!!y sat forth ar.d described in +he granting and habendum rleuaez hereof, and such Receiver shalt have all the brood errd rftectiva funct;om and powers in eny~aisr entrusted by a Court to a Recrivar, end wch aptwintmant that! M made by such Court as en edndtted equity ands maYSe of •baolvte right ro said MCtRTGAGeE, and without reference !o the adequacy or inadequacy of the value of the property mortgaged or to the solvency or inso!vancy of said MORTGAGOR or the dafandents, and that ouch ran+s, prafitt, income, leaves and. revenws shalt be applied by such Raslvsr according to the lion or egeity of said MORTGAGEE end the predice of wch CCVrt. 8. Tu duty, promptly aid ful~y perform, discharge, e~rcvte; affect, complete, comply with •nd abide cy each and every iha stipul+tticns, s-greementa, candi"•+ens and covenar.ta ;n sa;d prcrniswry nc+te er:d thin mortyago sat forth. 9. that in the even} the awntrahip of the mortgaged premlaM, nr any part thereof, bacornes vested in a person ether than the A!GftTGACO^n, tie MORTGAGEE, its successorx and atsignt: may, w•ithcut rwtiu to fha MORTGACYR, deal wire wch succassa or aucceswr in interest with roference to this mortgage and me debt hereby tecurod in the asrne msrtter ao with Mortgagor without !n any way virietirrq w discharging the Mortgagors' liability here- under or upor, the debt herby;+ secu*ed. No sale of flue premises hereby morlgapad and rto forbeerence on fire ?art of the MORTGAGEE or its successors a asnigrn end no exrrnsian of rho Lima for the payment of the debt hereby secured q!ven k;y fha !atORTGAGEE ar its tuccesaors a essigr.s, shell operate to re'.ease, discharge, modify tl+ange or affect the original liability of that hSQRT :AGAR heroin. either in w}wle u in tart. i (r. It is sped#ic ally agreed that t+me is of fha essence of this corttreet aria that no waivr+ of any o!;ligetion herarottt'arr or of the ob!igarian tt cured hereby short •i any limo they:after ba hetd`to be a waiver o{ ti+a terms horaof or of the inetrumert wcvred herby. tN \+v'IThE55 Y:'}tEREOf, the said MORTGAGOR has hereunto set }ttti hand and seal rtes day end year first aforasetd. raoQned, Sealed and deliver in rho presence oft ' __.~/-._.~~+ •.~_."" 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