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Home My WebLink About2436 . , n• ~x! shall duly prr[orn~. comp1~ wilh u~Nl abid~: by u?e6 ard ewry tM stipulatipns. eo~litions. amt oovaeanLt of s~id W'oa?~swry note aad of Wis mo~c. then this morl~~a and thr estate herrby ereut~ed slwll cease and bs nuq and v~oid. It is und~srstood that the won! "mo~tgu~.rors." whetbee in the sinNlar or plural anywbers ia tAls mor . aha11 be s[n~ulsr i~ one onl a~d ahuU be Plwrl~o inUy am! aeverally I[ more tban a~e and that ths word "theIr" a~ an~?M?ben In thL mottsage alw~ be iakce to mcnn his. l~e or ih~ whcreve~ the oontext w~mplles or ~dmits. And the Mortgag~ors hereby jointly and soverally oovenant And agree to and with the Mortgugee: 1. 7b pay ~q snd atey~ul~r the pri~psl and Inlereat ad the various aod iunn ot money pey?aWe by rirtus at . pW promiswryr aote and thts mortga~c, a~eh snd every.,P~PUY oe il~e dsys napective tAe uene ~everallr beeome dua 7Ue Moetaateemay oollec! "late ehar~e aot b exceed an amourttoq w~l to two per ~eAtum (896) ot any installrnent ot the aote hereb aecured whicA i~ tat paid w~thtn fifteee (15) duys after tho due dde Wereoi to oover the extn exDar~ss levolved ia . handl~n~ ddiaquep~ Wl?tnenta. . ~ 8. To ps,y when due and witbout req~i~~ eatica iroan 1V~ortRagee aq +~nd sin~Cul~r We taxes. aesessments. levie~, oWitatiom aed incumbrancw of everY nnture and i now on aaid deac~ibad property sr~Vor thit 1?ereatter map be Ira- ~ paed. su(fered. Plaeal. levied or aaussed thereupoa. and/ar tlwt herexfter mq? be levfed or assea~vf upon this mortaa~s and/or the indebtedn~ss aec~red hereby o~ch and ~very nnd I~suf~r m+w thereot i~ ot raeord the same shail De praaptiy . satistied and disehar~ed ot recor~ and the oriRirsl otf~c~el daument (wch~as, for lnatance. the tax reaipt or t!~ sdisi~etion • papee otfieWly endoned or eertitkdl sha11 De placal ia the twrnls ot snid ~[octRa~es ~thjn f~en dqrs aext after paymenL 3. To kcep tl~e im rovemei?ts aow elcistins or he~tter er~eeted on the mortau~ed ProP~y. M~lprnent and perwralty covered by this ~ort~sg~, ineured .s mar be r«~utred ie~om time co cime b~r tbe MortRagee agajnst kss by nre. ex- . teeded eoverage and such oU~er hur.ar~s. cesualtiea end co~Wn~Cencjca as muy be required by Mortq~gee and will pay promptly. when due. any prPmlums on such inaurarice. All insurance ahal! he in torm and ~mounts aatisfutoq? to. and in inauru~ee eom• ~ pu~ue~ ap mred by the Mortga~ee. and the policies and rer~e~rals thereot shall be 1~el~i by Mottgagee and have attached therdEo loas~ e clausee in fuvor of and In form acceptable to the MortguJ~ee. Irt event o[ laaa the Mortgagors will glve immediate notiee by mail to ~ort~agee, and HortgaAee may malce proot oi lo~s if aot made pmmptl y, by Mort~y~ arW eaeh insuraoce eompany coneerned is hereb authoriud an~! directed to make payme~t for weh loas directly to ffio~rtgsRee instead of to ~ 3[ortgngors and Ddortgagee ~ointly. and the inaurunce proceeds. or sn~r part tLereoi. duy be applied b~ 1[oy at its option ~ either tu !he reduetion ot the indebtedness hereby secured or to We e+estoratloa or npa~r of tde property da~ma~d. In event ~ . ot foreclosure of this mortRa~e or other tranafer of titie Lo the mortga~ed propert~r in extinguishment of the Indebtedneas seeured henbY. dl right, title. and intereat of the Mortga~or~ in to any insurance polkies t1?en in toree shall paas Lo tl~e pur- • ehaaer or Rrantee. 4. To remove or demoWh no buildin~ on said premLa w~tbout the ~rritten conset~t oi We 1[ortRa~ee; W permt~ com- mIt or auffer ~o .naste. impaurment or deterioration of said pr~pertp or any part tbersoi and to keep the wne and improve- menta Wereon ia ~ood oonditloa aad repdr. 6. To pay all and ain~ulu the oata, eharses and a~pen~. incl~rMwnaale l~wryer'~ fas. Lwyet's ~b and oost of abstr~eta oi tiNe. Incurred or veid at aay time b~ tAe Mortgagne ~se oi the idttu~e on tbe Put ot the Mortga- sors to du~lr perlorai. eomply witb and abids by each and evers the stipulstion~, oondltio~u and covenants of ~a[d P~~r7 aote and this mortgage. ~r or either. . 6. That in the e~t the Moetassor~ fail topa r or diseharse said taxe~. useara~. liens aAd ineumbranee~, or taM ' oo~ts, el~rg~ and espensea, or idl to keep said premiae~ insured or to deliver the polieies. Pnmiums or fatl to repair ths _ aaid premises, as herein aBreed. the Mortgagee ~s bereby :nthorised at i4 eleet[on to pay ud/ae d~te sdd taxes. asseu- ' met?ts, lieaa snd incumbrances or aW+ Part tbere~l, to pa~r~ sdd oosta. eharg~s and exPenxa. to procore and pay for s~ch jn- aunnce or to make and psy for sueh repairs. wirthout any obligauon on its part to detirmine tAe validitY ar neeessity of a~ thereof aad without the Mortansee wa~ving or atfeetiry~ ~a~r option. li~, equit~ or eight under or by ~?irtae of fhts mu:'f8+~e: he m sad the full amount ot mch and every axh payment ahall be~immediatel~ due andpa yable and shal! bear intet+est irom u?e d~te thereof until paid at the rate ot eight per centumpe r annum. snd. togetlier with such Intereat„ ahall De secured Dy the lien ot this mortgage: Iwt aothing hereia contained ahaU be ow~strued as reqniring tlre l~Iortga~ee to ~+dvanee or spend taoneys. for any of the purpoees in fhis psra8rsph mentioned. 7. That (s) in We event ot any be~each oi this mort~sqe or de[ault on thep~ oi the 1[ortga~ors. or (b) in the event anY of said sums o! money herein referred to be not promptly anc! fully paid within fitteen d~y~ ne~ct dter the same severall~ be- come due end psyable. withaut demud or notice. or (e) in the event eaeh aad every the atip~ilstbns. conditions and oove~uab oi ssid Promissoq? note and ttw mortgage, ~ny or either. are not du17 Perfo:*?+ed. eanplied wltb and abided b~r; tben. in eIther • or aay such event, the ssid aggreEsfe aum mentioned in aaid pmmiasory note then nrtu~inInB ~mpaW. with inten~st ucrued. i snd W moaeys seeured hereby. shall become due and psyaWe, forthwith. or thensttes. at tLe opt3on of s~id ldortga~ee as fnll~ • and rnmpletely as if aU oi the said sums of nwner wrre origuiaily stipulatea to be paid on such day. an~rtLin~ in sai~ Prom~s- 'aory note or in this mort~ag~ to tl~e eontrary not~vithstandi~: and t~?erenpon or tl~ereafter. at the opaon of the Mort6aS~e. ~vitLout notioe or dematd. s~it at luw or in e4aity, theretofore or thenafter begun. msy be pro~ecuted as i! a11 mone7s ~ei.vred hereby had mst~ued Prior to its ivst~tuUoa. , . 8. T6st it w snit a}u~ll be i~ted to forxlaae or reform thi~ mortgage wnd/or to eaforoe ptyment a? au~ claim~ bere~r. the liortgagee ahall be entitled to apply at any time ~ saeh suit~ to the Court havint 3~~b~~er~ofan~ ~ fos tbe ap tmeat of a Reeeiver of the mortgaged property snd o! al and ainKulu the senta. inoome.~p . nevennes ~ereof fe+om wbatcver ~onnee derlved, each and every of wlueh are ezpressly anortgaged b~? this instrument; ard ic is bereby ezpnesly oovenanted and aareed that tLereupon aneh Co~rc a~ull forthwi~h sproint a Reee,.er oi saW nwrt~aged P~l?. am! a[ all and ainXnlu' the reats, ineome. Profits. iasues and nvenues theeeof irom whstever aourx dertved. witL the uswl Dowers and duties oi reeeive~s in 1~7ce cases: aid such appointment ahaU be made as s matter of rtriet riQht to the l~oi't8agee. atd withwd reference to the adeqaacy or in~epuacY ot tLe value of the W'uP~~Y~'b~~7/ m~8~. or to tbs ~olvency or insolvency ot the ldortgngor~. ~ 9. Tl~at l[ortgaRo» hereb~ a~sign. trsaster ud iet o~er to 1[ortaagee, up to tLe arnonnt oi the total indebtednea ~eeured hereby. aU award~ oi damage~ in oonneetion sith the eondemnutioa ot any oi aaid proprrty for pnblie use or for injury ~ to any part thereol. and the proceeds ot dl sueh awsrds. atter payment oi dl reawnabk e~cpensei incurred. includint tea s for attorneys repre~entinlt 1[ortgagee in any Prxeediu8 In ~vWeh eny s~eh sward is made. shall be P~ to ]~ortaagee to be ~ applied npan the indebtedneu here~nder in aub mmner as l[ortga~ee ma~ elxt . 10. 17~t time is o! t2~e eaenoe of this oontract and no waiver of an~ oWt~stion he~r or at tbe obli~atiai ~ecuned i • hereb7 ahall at aWr time tLet+e~iter be held to be s waiver of tLe terms het+eoi or ot tbe mte secnred hereb~. 11. wlthoue dreetia~ the IiabiUtl PeT~ (other thsn any person released P~t Lereto) tor Pa~e of ~ anf indebtednm secured hereby. and wdtAout at~eetiry~ the prtority or extent of tbe lien hereot npoa sny propett~r not apeci- > fiull~ nlea~ed purs~ant bereto. ldortgaaee nuy at any tIme and irom time to time. ~ritho~t raiioe and ~nthont lunitatioa o ~ to anr kgd ri~ht or privlleg~e ot l~ortgagee: ~ (a) Sdease anype rson liable for payme~t oi aay indebtednw ~eeured berebr: (b~) S~~tend the time or aaree to siter the 4rnu ot pa~nnert at any of the Lwkbtedaeas; (e) Accept additiorutl aee~rity of any kind; (d) Releue any propetty ~eina tbe indebtedness: (e) Con~ent to the ereation oI any easement on or oree the pranisea or aay eove~unb reatrictin~t use or occupaacy the:eof. 12. To dul~r~ perform, eomply r.ith and abide by eaeh and ever~ t6e st~pulatio~u. eondit~om ud eorenanb ia said proai. , ia~ory note snd ia this mortgage iet torth. 13. As additional ~eenritr the 1[ortaagors do hereby transfer. aasign ud ~et over to the a~W 1[c~tsaaee. Ita nreees- ~ ~ .ors or aasi~n., aay and all ra?~ now due, or to become due. on the sbove de~cribed premise~ o~an~ ~eparate rental premiss € a~ pputtenant thereto. which sre situated on tl~e land sbove deseribed• wch renta to be oollccted b~? or at the direetion ot the ldort~asee, its sooensors or aasiAns, and the net prneeed~ thercof to be apptied to the indebEednas hereinbefore ~ecur~ed. ~u aad when the wne shall beeome due and PaYable; and for the purp~ose oi carryioK out this proviaion tLe ltortsagors do br these ` preaa?b. ewistit~te and appolnt nid l[ortgagee. or the sueceason or assigns of the aaid 1[ort~agee, as }~L, her or their tzue . s and lawful atwrneY-in•iset. to eollect any and all rents for aaid above dsseribed P~~. expe+easir wtlar~SinR tl~e ldort~a- _ : ree oc i4 s~oeessors or assigas to receipt tenanta therefor. and do br theae presenb sstity and ~rm any and a11 ~et~ oi ~sid attorney-in-fut ia relation to t~e foreRoins power. ~ • . 3 i . ~ ~ € ~ ~ € I011Y MO. 1~~--~ . ~ vv t • ~ : ~ f - - - - - _ _ _ _ . ~ ~ ~ -