HomeMy WebLinkAbout2153~~~~ 28 ~~ 22
~,oiiey or policies aid MORTGAGEE shall haw cite option b receive and apply tree sarnv un acw~xtt of t-te indabtedrrss seared tvereby ar to
tirrrof for other without the!rby twelvir's a impairing atrg a0uib.
pe-mit said MORTGAGORS to ntotivr and use h a eny pert
INn a right under n by virtue d this MortpM: and M cite eaerrt said MORT shell for any rpain fall b keep cite said premiss
so Msund. a fail to delivrr prarnptb arty ~ saW policies of Mtsurarta to aid MORTGAGEE. or fail prarrpthr w phr fuly any t ~:
a in soy respKY fall to perform, dbcharge. • eftiet. 00^x' cagy with and abide by titb oovenarM. or a^t- Pert right `~ « ~
G/1GEE may Play and pey for such Mrwartoe aarsy pact tiwrof without waivini a a aeY opion. Mos. squib.
virtue of this tie, and tM full amount of e~edt and Mry n+dt P+Yn~nt shall ba ~~atah- dda and PaY~M and shall bpr interest
from tM data until paW at the n» of sbr and sbr-ern per cant par anrwn and together wiM such Interest shah be srrct"red by the
lien of this ntortgap.
4. To permits tomtit a suffer no waste. inpairrrtant a deterioration of ssid property tx any pert titanof.
S. It is hereby specificaly sitned that any sum or strrrru which may be loaned a advaoad by cite Mortgagee to tlr Mortgagor at any
Hme after the racordir>t of this indenture. to~etitar vriM interpf tharron at the refs agreed upon at 1M time of such loan a adwn+a. shall be
egwly seared with and hew the ssrrr priority as the orlglnl Ndebtednsss, and be wbjecf b all 1M terms and provlsiars of this anortgaga:
Provided, that tM surepte amount of principal outstartd~rg of any fMrte shell not sxned an antoutt equal b one hundrrd and fifM pN ant
(150%) of the principal amount oripinely second herby.
_ and e~erwes. Mnek+diry a reasonable at~o~y s fp and costs of sheerest of titN ire
6. To pay all and singular flee costs. drrges f tf+e aid MORTGAGOR to duly. pranpty
tuned or Paid at any time by said M(~ ~ ~ ~y ant of tM hilwe on the pert ~ t~ ~~tions
and fuly perform. disd»r~e. e~aoutr. with and abide by each and everY~ ~ ~ ~Y~ X11 be
and covenants of aid pranissorY Holt and this mortgage any or either. and said a>sts. drrgea artd fir full amount of pdr and
irrrnedi.ay dw end payabb. whether or not then M notice. darrrrd. attempt to collect a soh pendlrtg; arrtum: and all old
awry such payment shall bear interest Isom the dab thereof until paid at the nb of sbr and six-tenths per atnttan per
costs. clrrges and expense so irtcurnd a paid. toptirr with such interest. shall be seasrod by the Ibn of fhb mortgage.
7. That (a) h the evwtt of any beech of iNs Mature cr defauh on tM part of tine MORTfJ1i001t. a (W In fir event arty of aid
sums of ntary herein nfemd b be not promptly and tiny paid within thirty (30) days next aftw tM same severely become dw end payable,
without demand or notice. a ld M tM event each and every tM stipulation„ arpeernents. eaditiar and aovrnants of aid promissory nob
a either an not duy. pranpty and ywm ~r~ed, exearted. effected. completed ooir~plied with and
and this mortfase aannyy eeid jrornissory note then nmatrar~ utrn+ppaaid whh irMerrst
abided by. then M eitirr a any such event. the atd ag • fortiwvith. a titerpftrr, at site option of said MORTGAGEE. ss fulfil
secreted. and all morwys secured hereby. sirN beater dw and-4eyabl _in said D~~Y ~ or in
and earrpletely as if all of the said morns of matey were adtirr sHpulatrd to be paid on such day.
t0 fire contrary not wittrtardkrg• and tirrrllport Or tirrpfter~t~ ~at0 its ~, E' vvltitart notice or demand,
this Mortgap ~ as if all monies seared hereby
suit at law or in squib, may Prosecuted
8. That in tM event that at site bagiming of or at any Hme perdi arty wit upon Htis asp, a to foreclose it. or to reform
it, a to enforce payment of claims irretrtder, aid MORTGAGEE shall apply to ti+e Court having 1~ sdittlan thereof for tees appointment
t a Receiver of sold rr-ortp{ed properb all and singubr, inchsding all and sktgular the
Of a Raoeiwf, rirch COUrt fi1i11 fOrthMlltil appOlft ~ pth artd every of whkh. If beirt8 expressy utdento°d. b i+errby mat.
inoar-e, profits. issues and reverwes from whatever saKSree derivedr habendriirt clauses hereof, and suEh ~~ still haw all fire broad std
QatTed as if spectifie:al set forth and described M the gantky aanndd ntment shall bs made by such Coot as an
effective fintction and pawns in anywise entrusted by a Court to a ReeeivK. ar+d such appoi or of the whre of 1M
admitted squib and a matter of absolute right to old MORTGAGEE. and without rrfennoe to site adequacy inadeQua<'Y
property mortgaged a to the solvency a ir-solwnty of said MORTGAGOR a tM defendants. and that such ~~of~sucit~Ciotnt isstra
and reverwes shall be applied by such Rea+iwr according to site Nen or equity of sour MORTGAGEE end the pnctke
9. To duty,_prorrrptly and fuNy perform. diaclrrgs, etrsarb. effect. eompblr comply with and abide by each and awry ti+e stlpu-
Iatiar, airaen+ents. conditions and eovrrrnls in old prorrrissory note and in this matpae sat Earth -
10. Tint Y tM event fir owrtenl+ip of the rrtortgagd premiss. or enY Pelt thereof beoontes vested in a person other tiro tM
MORTGAGOR. the MORTGAGEE. its suocassors and assign, may. without notice to the MOR1rGA[+OR. deal with moth wooassor or
in interest with reference to this matsaEe and ter debt hatcher waned in fir'a^^e manrrr ss with Mortgagor wfthout in arty amend no for-
a disdrrging tM Mortgagor's liability irreurtder or upon fir debt hereby setared. No ale of fir prentisea h~ n~ t~ed~~ ~
bsaranp an tM part of the MORTGAGEE a its tuoceson a sssigrra and rte exterrion of the tint for the peyntertt debt I IlabiHty of
givrn by site MORTGAGEE a its wooassas a assigns, sl+all operate to nbsse. dbdtarge. ~h. ~ or effect fir ori8kte
the MORTGAGOR herein. either in whoN or in part. ~•'
1 tint time b of tM eyeerta of fhb contract and thrt no Aver or any obligation herrutdar ar of fir
)1. It b spsdfka hr aLrpd
obligation secured sitaM .at -arty tMrta tirreftat' bfa held is b. a. wdwr of cite trtnre hereof « of the ktstrunatf aeotrnd hefeb'i-•
IN WITNESS WHER60F. 1M said MORTEaA001t has hsrwa<tto set his leered aid seal the day and year first aforesaid.
ygrrd~ Saeld ertd dsMverrd tit preersa of:
- - ~ - - --Y~ '-- - - -~-- _
STATE of rwfellnA ~ -
COUNTY OF ~ i -~a'~-~e .
s.fan m. PenarNy .pP•arrd -----~(ILLIA~_BRYIN McIAIT~i---.._ __....--- --- :-~~;w
AL.~R~.-~~-------- hM wHe, to me well krwwn. and krtowrt to m. to b.~tltiF
and who exewbd cite foragoirrg ksstrtretsnt. and aeknowlad~sd baton rtr that they etoawted tM :sore fix tf~i~
WITNESS my fisted and offklal seal fhb..------LJ-__ __dey of.__ .____.--~} - ~~u~---- ------_
and io(ttlN Ste1r ~ ,
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