HomeMy WebLinkAbout2285g~oK 28 rr-~154
rlolicY a policies saW MORTGAGEE shall haw lire option ro retnlve and apply trr same un sotarnt of the irldebtedrless secwW trrepy a ro
pemdt saW MORTG~ORS ro reoahM and use k a any part thereof for oH+sr pp without thereby vveiving a irrlpairiry any equity,
Wen a right viler or by vines of this MortpOe; and M the everrf saW MQRTG~ shall fo. arly reason fail » keep tila said premises
so irmars~d, or fill a dsNwr ponpth argr of pAd pollda a Mwranos to asid MOitTGAiGEE. a bll pramptltr 1o pay fully any'wNun thsrNo..
a In any respect iNl ro perform. dischrrge. elraprte. affect. oormpia», tontpltt with and abide by thb tovaryrr:. a any part Mraof. said MORT
GAGEE may platy and pay fa such 4auranoe a pert thereof wNhout vvelvirlg ar a aanetyy option, lien. equity. o. right under a by
virftre of this and tt+e full amount of each and every such paynlertt shill be i1~atNy due and payable and shall beer M»rest
from rile da» RherunNi paid at the nN of sbt and ~r per tent per arrwrrt and topH+er with such interest alrll be accord by the
lien of this mortga~a. ~~
4. To pem~lf. torrlrrllt or suffer no wester, Mipairtrrrlf a deterioration of said property a any pan thereof.
S. It b hereby specifically aged tllet any awn a arms which may be loaned a adwrlosd by the Mortgagee ro tM Mongagor at any
rime after tl+e recording of this indenture. roptMr with interest thereon at tF+s ra» asreed upon at the time of such loan or advance, shall be
equally sarong with and have the same priority tie the origirrl Mdabtednees. and be subject ro ail the terms and provisions of this mtortgage;
Provided, that the aggnga» amount of prbldpel olreshrdlrlg at any tkrr shall ref exoed an amount egwl ro err hundred and flfly per ant
(ISO%) of the principal amount originally ssoured hereby.
6. To pay all and sirlguW the aoood~ss~~ charges and elsparwa, iwckrdirlg a ressonsbN attorney s fee and costs of abstract of title k-~
cured a paid at any time by sNd MORTGAGEE because ar N the event of the iaillrre on the ~srt of the said MORTG/1OOR » duly. proppty
aril fuly perform, discharge, ararte. effect. aarpM». aamPly wkh and abide by each and every the stipubtiorr. agreenlsnts. aorditions
and covenants of said promissory note and thb mortgage any or either and :Nil oasts. td+arps and arperrses. each and every. shall be
immediately due and payable: whether a not there be notip. danrna. attempt ro odlect o reg. and the full pmark of each and
every such payment shall bear interest from tlr b» thereof unMl qid at the n» of six an the per antwn per enure; and all said
costs, cl-srges and expenses so Marred or Paid. together with such alterest, shall be saurred by fir INn of fNs nlortgare.
7. Tlrt fa) im tFle event of any breach of fWs Mortpga ar defsuh on tM pert of file MORTCAGflR, or (bJ in fir event any of said
arms of merry harNnleferred ro be not promptly and fully paid within thirty f30) days next after the same severely baaxrr due and payable.
without demand or rlotioa, or (d to fM ewer each and every tl+a stipulations. argaerrlants. oorlditiorr and ooveriants of said promissory note
and thk nwrtgap a~ny a Nther an not duly. promptly and filly performed, dbdrrged, exeartd. effec»d, oonlpNfe/ led with anll
abided by, then M NMrr a anY such event. rile Bald ag~egate sum mentia-sd in sslidd promissory ra» then renrlrtNghMr~ with intawt
aacnred. and all seaxd hereby. slrtl become des and a forthwith, a thereeher. at file option of said TGAGEE, a fuH~
and,oorrlpiNely as if a of file saW earls of money vwre origMai~u4td to be paid on such day. a 1N~tn said promdssory no» o- in
title Mortgage ro the contrery not withsfarldrlg; and tFrreupan ar thereafter at the option of said MOR r/ without notlos a demand.
alrit at law or in equity. may be proa~ewtd as if all monies scarred he»by had matured prior ro Ifs institution.
8. That In file event tlrt at file begklrling of or at anjr time any aril upon this ar ro foncbse It. ar ro reform
it a ro enforoa peymsrd of claims Irrelarldar. saW MORTGAGEE shall ro tM Court heving~ion ttlereof for tlr appdntmsnt
off a Receiver. arch Court shall forthwith appoint a RecNwr. of said mortgaged property all and slrtgular. htdudirlg ail and singular the
income. profits, isslres and revertlras from whatever sourw derived, each and every of vvhkh„ it beinr1gg expressy wrderstood~ b herby nett.
gaged as if spectificaly set forth and dascrlbad M file `ranting and habandlan clauses hereof. and slxit Ileoeiver shall love all rile broil and
effective firrlctiorls anndd powers M anywise entnntd by a Coun ro a Reatiyer. aril arch appointment shall be made by surly Court as an
aprdompiettrteyd equity and a matter of absokr» right ro said MORTGAGEE..and without reference ro the sdeglracy a Madagwxy of fir value of tM
and revemres appihtd ~ Receiver sooordang the IfsnTor equity of said MORTGACEE~srd prettier of~ardr~Cour~ ~
9. To duly. promptly and fully perform. discirrp. exeane. effect. cpnlplNe comply wIM and abkla by each and every rile stipu-
lations„ agreements. corditiorn and toverlanls h said promssory note and in this mortgap set forth.
10. That to file event the ovKrrsldp of rile mortgaged premises, a any part thereof. bacorrrs vested M a person other than tl+e
MORTGl1it,OR. tM MORTGAGEE. its suooassors and sssipu, may. without notice ro file MORTGAGOR. deal with such aroatssor a arooersors
in Mterest with referarloe ro thk nwngage and the debt herby satarred M the same mariner as with Mortgagor without M aryr way vltiatlrtg
or dlsclrrgGlg lire Mortgafeor's NabiNty Irreundsr a upon file debt hereby secured. No sale of eM premises hereby and no fore-
beararlce on the ppean of the MORTGAGEE or Its elrooessors or assigfls and rlo extension of the time for the payrrlant of tlr
given by tit MORTGAGEE or Its arooesaors a assigns. shall operate to release. dlsci+arge. modify. dwrge a effect file origirral~lisbi
the MORTGAGOR haraM. eitirr M wlx-le ar M pen.
obligation Isecwed~ Isltsll~a ~~tirrt~ theryef»r pe held ro be a wafvtlr terms hereof or of th~iinstrt watt ~ t~ ~~y°f tht
IN WITNESS WHEREOF. lire sold ~AOR?Cr~li00R hr herrwtro act hb hand and seal tlr day and year first afwtiedd.
Surd. Sealed and delivered ti peswlp of:
y~ ~~ ~ f
- -_ _ . ._ __ -- . ISEAU
,.
STATE of FWRIQA ~ .., . ;
COUNTY oF__Lodi,aaBi~. •~
fl.fae m. persotrlly aPp..red __ ~AV~DI~~HR,...~sin~e.m~n_- __-- -_.._..•.__ _ ..-._-•_r _.-_- _ ------ )lest
and who exeolrted tht ipegolrlg IratnaNertt. and ackrtowb~ed~eeforeronte thetl krlowm. aril known ro rrr ro be file Mdividlrals described in
they eraolrled tit same for lire purpoese 1hsrNn exprpssd.
liV1YPi6S3 Ijly;hrd and offkW sad tMs-_~~~_. _..dey of~ . __.~.$ _•---•~- .-_. /~ D. 19_~~.
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