HomeMy WebLinkAbout0375G~li ~ ~~~
Mc>rt¢ta~car stsrl? pay ui thr. Mc~rt.gagf*c, an~ktxiollFilCn€~~-r!¢ tFi'rriakP up ?ItE tit~fi:•ii•ttc~.y: ~tectt paytatt•nt nhall
hi ntt.cle within tt,irty d:ttt) clays after w•rittetx notice front the Liort~a: ee sta,titttt tlat aer8:c~ur t cat ti,e d,•-i~•i+~tu~v,
Wl1tC.h 7iUttCC t~.ti~ bc+ liven by mail: If aL any time the'.4'loritragaar shi-!1 Lc•nde}r Lo tltc• R3+irt}~,at:;t•E• in uc•c~~tr~.l--
uncr with the pproviseana of the nova stoet3r~e' h~acehy, full pawrne•nt cxf t.hr ersl.ire in{l:•tat~•firtr~~R r£`prrr•ntt•ci
thert:by, the !4ioctg~~ shall, in t~cytnputittg the amount ai such indebtedness, credit t<y thc• ~t•onns r,f th:•
'~t•irt~;agcxr s,ny crt~dtt lreilaitce remetinirs~ unclf~r the p:-crvisians of (a) of said parc~rnplr ". If th~•r~• ah,:!! !„• ,:
defn.u t under tr,nv v{ than provisionrc cyf this mortgt~e rrnLlting in .ti ~at,!?lif. stile oft r premira•s cov:`rrc! hcmbs•,
or it' t•t:t~ ~fartgetgt*a~ acclurrcaa the p~pc'rtY otherwese after dt>fattlt, the ?~#ort~e~€~* Thal! a-i,pli•, nt t! t t.itr:,~ c[
Litt' cc+mmen+=E=mrnt of :zut~ir pmc~<~iirzkt; ar at thc~ time the prapa*rt~• is ott~e•r•v~rs«` urquirr£!, thr tim~~ut,t tli£`ii
remaining tc rn~altt of Mort~t~or under (a) of psr,a~zraph 2 prrcc•+li~tg :~ ,t crrclat ore the intrra+izt a<•er~i~=~i r.rti!
unpaid and the b+tlancc~ to the principal t.hc`tt remair-:fret; unp+ttd on sand t:otr. --
!. He will pay all tt~xss, aeee+serxtenta, water t~tea, tta4d other gorerttmental or municipal cliarg*.,s, fates, at
ttrcpc,tsiticyns, ftyr which provieiota hag not tx+en made here:nhefore, tend it± default thercax# the Ieiixrtgagae may pay the
same; artd that he will promptly deliver the o;~irial se~ipta therefor to the Mortgta,gee.
S. He wig permit, samrxit, or ether no rva~te, Itnptai;c•meattt or deterioration of said pro;erty or any part thereof,
except rcasonab.e Rear and tear, and in ttte event of the iailtu'e of the Ivlortta~gor to keep the builciingaa au said
aremiaea and those to be erecttgd on said p:emisets, or improvements thereon, iu goad repair, Lh~e :~iorttragi~e may
ms-ke such re~irs ae in Its dit~t.iorl it may dee>Yt neca±att<ary for the proper preeervatuyn thereof, and the full turtoutx;,
of oath and every erode paynaeut tshtt~l ba due and payable thirty (30) days after demand, end shall Lye secured try
the lies of flue rcwrtgags,
8. I?e will pay all and aalar the ccteta, t;ttar~, end e~pe, including rett~onable lawyer's-fps, and assts
of abstracts of title, inattrred or paid at any Lima by the Mo~•tgYtgee because of the failure cn t•1ye part of the :1f ortgagyr
promptly and fully #o perform the agreemeatn end covenants of ®a,id promitaaary Hate and this mortgta,ge, and said
eorsta, char, and expenses shall tte itnnttediately due atad payable and shall be aecur~ed by the lien of this mortgage:
7. Ile will e~ontinueualy ffisint~ttin hasard ~e$, ~ such type or types and amcttnta as ~.tgF.t~yagee may
flout time to times s•agt>iire, on the+~impravtjrxarsnta now or hereafter on said gremiasti and e~cspt wnetx payment
for all such premiums has Lheret~fore beau made under (e) of para,gra~h ~ hereof ~e will pap promptly when
due any prerxuuays :,}isrefor. Aa1 irseartxa~ce tt~tll be cardrri~+d its oampatuea appro~r$d ~,y ~iortgeRee ar~d tie poL-
ciea and renewttla thereof shall bs held by h2ortgttgee and have attached thereto loss payable clauses in favor of
and in form acceptable to the Mo ~a~ge,e. In event of lase tae evil hive i;;:zmediate nottee by mail to 41ort,Rttgee,
and ;~tort~gagee may make graot of lass if not made piromptly by btortgttgor, anti each insurance company
esoncerned is herebsuthorized turd directod to make g,ay;<neut for such lose di,•ectl~ to Mort~agc+e instea~t of
to Mort~-ag~ar and . ort~agee,~aintly, and the itnetu`anc:s proceeds, or any part thereos, may be app ieci by'~lort~
gages at its optaen either to a reedduction of the indebtedness hereby secured ar to the rc'Atorataan or repair of
the property dammed. In event of for+eclatettre of this mor',gsge or other tre-nsfer of title to the mortgaged
property m exttngutshtnent of the %ndebtedne®a aacurscl hereby, ta~l right, title, and intermit of the Mortgegar
is and to any uoourancs xxyliGiee then in forc$ shall peas to tl>;® pw^~ahtss,ar or granter.
8. I{e will not ey:ecute or file of retard any inatrurnent which impo4ea a rcatrictiuu upon the salt or occ•u-
pancJ of the property deetcrib~l herein an tlxe basis of tarp, c,Fylor, or creed.
t). If the premises, cyr any part ihrreof, !ye eondetnruKt tenc$~er the geytver of emirterit dc.rnain, car t,cquired
for a putalic ttae, the damages awarded, tltr Iyr:yceede far the taking af, or the cansideratiort for such actiuisttu,i,,
tv the` extent of th<~ full anxount of the re:nsinirtg unpaid indebCecinc•ss aec:urcd by this trort}~agc=, are lierc•bv
a..~.sip;nc•cl ts, tlxe ?~tart_ge.gee, and shall be paid fortlewiti to said llortgegee, to De rrppiied nu account of tl,e
last maturing iaxstallme>nt$ of sue~h ittdebteaint~as.
10. The :lforigsgec ma~•, at env time pending a suit upon this wort{g~age, apple tea th^ c•ourt httt•in}; j~iriaclic•-
tiori thereof for the appvintazter,t a~ s receiver, and such court anttll fortltrn~ith appoint H rc•criver of Liss prcnxi~e3
covered hereby all an<i srngular, incl.idin~ all ar~d singular the incottte, prafita, i~uee, and revenut•~ frc~rn ~rhHt-
ever source derived, each and every of w•luclt, it being eitpressly understcyad, is hereby murtgagr•cl as if specific•ail~•
sat forth and descrityc+d in the. gr,~ntinq and habendtxm clauses liere.yf. ~urtt appointment dial! be• made t,~•
such court ate an a,~imittcd equity as-d a matter of absoliite tight tc Aaid :fortgagee, e:nd w'ititout ri+fc~rence to
the aclegtta.cy or ixtad~+qunry of Lhe value of the propert` mortgaged or to the solvency or insc~lvrncy of said
Zf art.t;agor ctr flit cieferx<lant$. Such remits, profit~i, irrtiame, issuc+s, anc$ reventaeg shall t» applic=d fay such receiver
accc,;<ling to the ?ten of this martgtt.Xe and the practice of such ayurt: In the event of any ,ic•frxult on the part
of the ttart}za~;;>r tx€n*iincicr, the :~S<artga},yor agrees to nay toy the >iartgttttE+? an derxxand tea a tea?nnai~le :nonihl}•
renttt! for the prcrtaiseas an acrrxount at least eciaxivalent t.v one twelfth (?4i j of fife aggre~Htc of t.hr ttvel~•c monthl~:•
i.rtstnllxixents gttyai7le m the then ~urrc•nt fear plus the actual amounC of thF anntia tares, tt:~e~rncnts, w•,atrr
raft's, fwd insurance premiums for such yc=ar net covered by the aforesai.3 rnc,ntlL~~ pa•ment.s.
11, In fife event of ant- breach of t.hia mortgage or default an the part. of t}~ie :Mortgagor, nr in the e~-ent
t};.s.t arty of said su.tns +:yf m~~ne~` itet°e referred to be not promptly and fully pxtid accortling ~o tli+~ tc=nnr lterevf,
or in fife went that catch Reid evet'b' file sti~ulatiayns, s.gret.nentg, crincj,itiurs, icr:d cus•etisnta of said rote arxc!
this mF}rtta{~e, are not dul;~, promptl~•, aaxc. fully pe=rfot~rzxe~l or if the ilc:rt.gat;£~r tic- t:ciju,:.lirnte<i t,ar}l:rtipt c,r
rra<lan cit?fert~tatxt in a banli:ruptcy ar recttverslaip prc3ca~c$ings; then izt either tEc ang• such evsti,, ttic~ seid a~,rr-
};ate sttttt rnaa^ntianc~a$ in said n£xtc~ then remstnx;~ tutpe,id, wittz interest accII•uec$ to that time, and tell nsc~n+:y
secured hereby, shall bc~rc~rttr dtae and p$ysble orthtw"ith, o,< LltNrtraftQr; at: the option of saic$ ~lc,rt~agee, as
fttlly Land completely sa if all the said sutrii~ of money wet-; ari{~inally atipulate,cl t~a 1se paid on sstctt na~•, anr•-
tliir£g ibi girl raot.t* or in this rrturt~'sgs ~ fife ccynt.x•ary riotwiiltict~tdi-ng; ana? th€reupon oz tliereaftt„r, tit tle~ opti.;n
cyf said ~tort.ga~s~, :~-itl:out reot.ar~ gr €lsg:+~d, st~.t at la+~ ~>r in equAt,; ; rnsE• 1~ prot~r;3teu ag if al! nxa,na~=.°s
sE:~ured hcrc~by tut xzaaturs~d tzrior fay its i:~atitution. Tlt±'t Mo~B~s~ may ~ot~~rlo~ lifts rrtortt;a;p e, a:, tr, the
tt,rnaunt ~y cl~c~ls.t•ad des atasl par°alyl~, and the said premier t'hall 1>e reel=l tx~ satisi`<v a.ns$ gya~r ttr~ ~,:rra~ ;o~~e•tlxt=r
akitlE c:-~te, e~pent.es, attd tellotva:ti^ Ixt t:ts~ of pt?.rtial fore,clo=3ure of tills xxr:Wtgt~ge, t;ht rriort~azg£~cl t,n ~:tt~c`~;
a:l.ell Lase iiri'rd etily;cac°t, tai the rcatrAtir,.att~g lie:: of this atsort~a~e f~~r t;at• ax;xouzxi: w,s thcx s!e t: rta3L tl:er, c;tiR~ aatx:! ttr (ani:l.
In t3trc$x case tlZt' }yroviiraotxe of this: pa:rttgr`aph crises ~arcc ~ :avs.deel or th•~;"r~aft.r•r f'ras~n ~irrtP to t:r"£,f• ty~ tie
:`~ortgt!~e.
;2. ~e w~ir~cr of e~,ovtnse.tit: herein ot• of the cabli~ation ;urc~ci b:e:>tt}y ~~~Il. at „r:,~ ,4,r + tta<<~ttft<=r tae
l~ ~;,~ r , ~-..:' X:.. St rx). +"•yr frF S,g'tr' L : e~.,~ g'af"t swwy~ {:if S7'~ t~17~ >'i~3?'.,?- "+. ~ara~:. :'Sk."'S`„$3r,':
r•: ~L~S'SE. ~'f?L`I 4;Y~ 4~'ek~ $i:~titi±riY;.IAb ~tSd~.a~.. ~'t'~'"~~+.,? Pf'J :. F..t.a ~i•fts. °3?'.i.: i4,x~ a., ::;X-81y~ ?'k' }•-:,, ~i, ~.._. 1, .. ,~3"id;
r,`+ C~&g: tisYtd.T +y~ ~y~t'k~d'T_2t U;r tl,t> tik.~s?tytt'dl Y'Ar."'~?'t 4yt` F4XI ~' j.tf$rt t,~i~'r~'£Ef ~+4%"t.`. .l s""°¢.'kl l1+rf 49 Y'.
'~ IPtA#.tD X3~~P~"t`~ ~ tt3 ~;t;*?:'1 y } aP-~~"~r3° tia!~ ~: iaS.',-:aQ? tr2.Ck~3t e ;ir :t ~ytE:i't. t;6.x~3'i?s3L, {ji il3i: ttsac~:~ i ; '.Ci i.~ ai t ;ir.,;~
~3~~:.".;~ t~ a~~~=r.:at.~x tuxa~CC:xver€~l c~,tttt_tt',lacyrnsxexy!i~l~• ~-itca the ale~~cs ttteref€sr.
??, i~ t~~ :ltyi,}t-$c.tihiy47r clc^ftb~-3`~ SYt t~lcty !y ts~'"iC, :::2,ii~~L'~,srS.F~a~.1; {}a' t''S"b±E;~'S%~le~ ~a2xt:sit;A~.1 l"±,`rcit~, s), pE ~~..ti ii£a~', ='kfa
~~`x~ Ms3?l's~Cc'ti ~~~' }'~d3;"f~Cx~i~ L11s. Tf;~. ~tiG~ all ~~~Y~d~ttyrr*~ ~i's34.°ld~t~sr'.~ w~°~~9~~~7la= ~+tar*,tt t h :r£,£ r9e'3i' ~j `tits
a - • s ,
~~f?2`~,~'}a.'E`."2* try ~a"3 alai., t~ Strt3'~*1 2.tXt~'r".t< ~L e,~.'.,°4 rtit,~ p3'C} r"i{nttiLt f{yr tr: tltP'' ~t'"193£°3i;tWtx encic to ~4t.r'a£''M~.. ^t.zi~,i k$ 45'b }'s+:.
jai&i9slbti° iharty ~~~~ft,~8i after a~#3:Ikd; ~Ad, tt£&~.~r °:F°Rth IYit4:4'ti~ ~"1C2 ;kt~ tscr,r:x '.~1Fr~~tx, +~3idii tx ~('fi tlrt:es
~~. ~~tt't 'w'3.Fx rt,?$~~. Sif t~.c~+ M~yr°.~£'~~ 3~~~ Mt}F'~.~tt;?b"' Rl':irl.~ cJCC ,3 MN ~3a~ ti~i Y~sr ~ ~Ri~tizl& '~ °<tiR! t : ir`
8~<at foa~ k' ~s3:TC3 air ttttr t~vaxkred b,`p" is «wI~~Y't fir t.~~a a~!`~.fAs~$"t; ini)dr.':t°tii."r.!~~nCstt, iSa"d~:r~,}? £ Fii~3 °, i?'st'Eia"i.
~.~an, or rein pl* mid p r = ft~_ gtaxax» of t thce rrse acl for ~tny E.t:lxcr ptiNlx;~,:' atztta~xi°-
a.~ ~'C^tin°Ri. ~~ .gn' ",.i=.`st ~+&2'i~~"~C? "w.'d+~"':~t.T~,'~ ~t`~.~' ~9sY £ ".S' t7''Si~2 n""~ u„s, ~~?l~~' G.~ P } ~ sy ,..
"s'a "$'A`,~::rR£" t:.aa~h'y ~° ~ i~:4 ~~.'~ "~'~ ~t; {t=~,3`a'.t~'3~. a$~'~iS~, a'":$~3, ~trl~"p~.+??;1 i£?t~g ~! e~~£,F'; a`e3' ?2s.~ts.'?~. s:tk~.'~ }sc?£:r