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Home My WebLink About2345 a;,~~cr a policies said MORTGAGEE shall haw tM option ro reaiw and appy tot sarna Ln xc~unt ut the indebtedness secures Hereby a to permit said MORTGAEiORS ro reotiw and use it « any part hereof for other p~a~rposes without thereby waiving « impairing any equity. lien « ri ,tunder « by virtue of tlas M«tgage; and in the event said MORTGAC,ORS shall for any reason fail ro keep the said premises ao insu « hil ro deliver prarptly any of said polities of irtwranoe to said MORTGAGEE. « fail prornptiy ro pay tally any promium herof«, « in any respect feu ro perf«nt, discharge, eonctirle, effect, complete. comply with and abide by this covenant, « any part heroof, said MORT. GAGEE may pl:oe end pay for such knurartoe aarty peg thereof without waiving « affetiing any option. lien. equity. « right under « by virtue of ffAs and the lull snwunt of each and every such payment shall M irrrnediately dw end payable and shall boar interest from tM date thereo until paid at the rob of six ~ppfQtlHti>< Der cent per ar~rwxn and together with such interost shall M secured by the lien of this mortgage. <. To permit, commit « suffer no waste, inpairmant « deterioration of said property « any part thereof. 5. Ir is hereby specifically u~ that any sum a sums which may M loaned « advsnctd by the Mortgagee ro the Matgag« at any rime aher the rec«ding of this indenturo, togetiwr with lnterost thereon at tM rob agreed upon at the time of such loan « advance, shall be egwlly secured with and haw the some pri«ity as the original lydebtedness, end be subject to ail the tents and provisions of this mortp~a: Provided, that the aggregab amount of principal ou!startding of any lima shall not exceed an arrtotxrt egwl ro one hundred and fifty per ca+t (150 ~) of the principal smart originally setaued hhroby. S. To pay all and singuler tM costs, tisarges and expenses, including a reasonable attorneys fee end costs of abatrsct of htle in. tarred « paid at any time by said MORTGAGEE becaae « in the event of the failuro on the part of the said MORTGAGOR ro duly. pranpth and fully perform. discl+arp. severe. effect. eornpleb, comply with and abide by each and awry tl+e stipuletions, agreementt, conditions and covenants of said promissory note and this mortgage any « either. and said costs, charges and aeperaes, esd+ end awry. shall M irm»diately due end payable: wlratl+er a rtot there M notice. demand, attempt ro collect or suit pending; and the full amaxtt of each end awry such payment shall bear interest from the dab thereof until paid at tM rob of six 10171 per pntum per anon; and all said costs, charges and expenses so incurred « paid, together with surd, interest. shall M sacuro~y tl+e Ibn of tNs m«tp{e. 7. That (a) in the event of any breach of this Mortgage or-dafault on the part of tM MORTGAGOR. « (W in the event any of said sums of money herein roftirrod ro M not promptly srd fully paid within thirty f30) days next after the same severally become due and payable. without demand or notice, or (d in the event ead+ end awry the shpuletions. argeen+artts, conditions and covenants of said promissory note and this mortgagesr~y or either aro not duly. praeptiy and fully performed. discharged executed. effaeted, completed complied with and abided by, then in Nher « any such event. the said aggregab sum mentioned in said prarnissory Hole than remaining unpaid, wiM interest socruad, and all ma~ays secured hereby, shall beoane due and payable forthwith, a heroafbr, at the option of saM MORTGAGEE, ss fulh and completely as if all of the said sums of money were origirsally stipulated ro M PNd on such day. anything in said promissory rtofe « in this Mortgage ro the contrary not withstanding; and therergon « thereafter at the option of said MORTTGAGEE, without notice « demand, suit at law a in equity, may be prosecuted as if al: monies second hereby had matured Prior ro its institution. 8. That in the event that at the begiming of or at any hme pending any suit upon this Morfgap or ro ioreclase it, « ro reform it, « ro enforce paymsrtt of any claims hereunder, said MORTGAGEE shall apply ro the Court having jtxisdktion thereof for the appointmmt of a Receiver, such Court shall forthwith appoint a Receiver. of said mortgaged ProP~Y all end singular, tnclu~ng all and singular the inoorrte, profits, issues and revenues from whatever source derMed, each end every of whkh, it being expressh urdasrood, is hereby mat' gaged as if spectifiply set forth and described in the granting end habendutn clauses hereof, and such Receiver shall have all the broad and effective ltrnctias and pov~rers in anywise entrusted by a Court to a Receiver. and such appointment shall be made by such Court as an admitted equity and a matter of absolute right ro said MORTGAGEE. and without rohrenoe ro the adequacy « inadequacy of tM valve of tM property mortgaged a ro the solvency or insolvency of said MORTGAGOR « the defendants, end that such rants, profits. incomes, issues and revenues shall M applied by such Receives according ro the Iles or equity of said MORTGAGEE and the practice of such Court. 9. To duly. promptly and fully perform, diaclssrp, exacub, effect. complete comply wih and abide by each and awry the stipu- lations, agreements, conditions and oowrunts in said prattissory note and in this mortgage set forth. 10. That in the event the ownership of the mortgaged premises. « any part thereof, beoornes vested in a person other than the MORTGAGOR, the MORTGAGEE. its stxoeroors and assigns, may. without ratke ro the MORTGAGOR. deal with such successor «svooassors in interest with reference ro this mortgage and the debt heroby second in the same manner as with Mortgag« without in any way vitiating « discharging tree Mortgagor's liability berets der « upon tlr debt hereby secured. No sale of the promises hereby mortgaged and no foro- bearance an tM pert of the MORTGAGEE or Its fY00sst«s « assigns and no extension of the time f« tM payment of the debt hereby warred given by the MORTGAGEE « its wooassors or assigns, shall oparob to rolease, discharge. modify, drange a effect the original (lability of the MORTGAGOR herein, either M whole a in part. 11. It is specifiplly agreed that time le of the ssserta of this oontrsct and that no vwiver « any obligation herotxtdsr « of the obligation secured hereby shall at any time haroatbr M heW IoM • waiver of the bone Frereof or of tlr irotruerant seour+ed hereby. IN WITNESS WHEREOF. the said MORTGAGOR has herot.tro set his bend and seal the day and year first aforesaid. Signed, Sealed and delivered h preeertoa of: - •~- STATE of W1 ~ - , .:, :... oouNTY ~,.riltu.. _~--- . ~. ree . - --Keith- E._ Stra--er --- --- ---- ---- ---- --- - --- ---- - _- - -------- ---- - -- - -- and ...... -~' ~~` ~~9~~.tir --- -- _-- his verb, ro me well kravnt, and known ro me ro M tM individwk described in ,~,~ ~ ~o~M/ ~e~Mlirsarient' and ~ Mfore me that they aaewbd the same for the purposes therein expressed. . C•~ " ~V ~ ~WU~~~d'~.sl'neel this ~~ ------- ---.dry of--- ~-- - - -- ---- -- - ---- ----- ----- ., A` D. 19.61 . _ . w .e , ,,tip ~ - t ' ~~-> - - `,`s~''.' '•%•:•.••• '' Q ~ _ Public M end for fit ~ at Lath `~•' ~ r ~~~ .,ti~;:_ ~oorrarrisalon expires: Coo~istiotl Expire N9. 1. 1963 --~ ., s..ew b ~..we. ttw a e....ar sK W W Q W V T~ V .~ - ~. E, z ~ W ° ~ 0 a~ i ~ ~ i4 ~Qv ;~ ~ d~ Q O 01