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Home My WebLink About0071 ~ ~ <.a~aK ~ _ ' . . . . . ' . 1 • ~ • . f i ( i • ' i ~ti ~ ad ahali duly ~prrfurm. coaiply with aMl ~bNW by aneh arwi every the stiPulatiow. en~wGt~o~, aad eovenant~ ot saW promirory : note aod at this mort~aae, thea thL murl~u~e xad thr es4te bereby eroated ~hall ee~s and be nuU aud void. It ie urtderstood tl~st tbs won! "aa~on." ~?hetl~er in tbe sin~ulu os Plurai an~rwb~e~ ia tWs t~a~ ahaU b~ sin~lu it one o~a!y and al~ali bs plund tly aad ~everally lf awre tlu~a oae aad Lha! t~w w~ord "tkeir" ~~used at?7wMrr lu , tAis aartra~e ahall be takea to a~er~ I~bee or Ih~ wberever the ooate~ct w~mplie~ or admit~. Aad the Mortgag~ora hereby jointly and sevorally oovenwnt and agree to snd with the Mort,~ag~ee: i. To par ~11 aed ~u4r ths prioeipal snd interese ~d Ne vaHow and ~ wm~ ut a~oney PsriWe by r[etas at ` ~aW pr+umi~aory ~ote and tAis mort~s~o, eaeh and evorY. P~P~y oa tbe days respecti y tba wrns aeverallr peeoms duw 1Us ~ Mortaaseems~r ooUeet s"late~~e eot b exeeed en amounteq ual to two per oeatum (R'X.) ot any installmaoL ot the bote hereb ~eeured whkh L ~ot paid wlWia fittecn (15) days atter tbe due date thereat to cover the extra expenss involved in handl~ ddinqueat pqrmenta. - To pa~r whai due and wlthout t+equl an~r Aofiee irom ldortgatee ap ~?ad ~in~ulu U?s ta~~aa. a~ssaAenta,levie~„ obli~atfo~ uwl incumprances of evers uatue~e a~d~ird ~ oa saW described proparty ard/or t1~?t herea[ter may bs Ln- posed. sutfered. Plaeed. Ievled or as~e~sed there~pon, and/or tLat hereetter m~? bs tev~ed or ~asea~ed np9n thL ~~~e aad/os tbe indebtedness secured hereby each Rnd overy urd inadar as ~ tbereot i~ ot reead !M wne ahall bs pmmpti~ . satistied wd di~ehsr~ed of reoord and the oci~inel ofCc~a! doe~meat (a~c}? us. for Instanee, the tax receipt or tbe aatistaetion , . paper otAciali~ e~dOraed or oertit'~ed). s~tl be placed in the hands ol said Mort~a~es v~itl~n ten ds~s next af~r pa~raent ; S. To keep the im~provemeats eow existiry~ or hereatter erected on tbe mort~aged P~P~Y. ~nd tbe equipment and pananity eovered by this l[o intue~ed as ma~r ba requlred [t+om time to time by the klortRaQee +~gainst bss by f~re. ex- Lended eoversae and such other~ids caswlties and oonp~ neia as awy be requirail by ~[ortgugee and wil) WY P+'~n?PWY. wrl~ due, any prrmiums on s~eh i~noe. All inwranoe ahall be in ~orm and ~mounts aatistactory to, and in ~nsumnoe coTa- , pani~ appmved by the ldortga~ee. aid t1~e policies and reaewals thereot shalt be heW by ldortgaxee and have attaehed tl~ereto ~ lo~es payaWe clnus~ in tavor ofn~d In torm aeceptable to the Mortgagee. In event of laas the Morigxgora wil! give immediate tatice by mail to Mort~agee. and ~tort~a~ee r~y ~k~ p~ ~p~ bq M ~nd each ~nwr~n~ ~ p y lnw company eoneerned is hereby authorised and dimted to make payraent far s~h less direcdy~rtgagee tnstead ot to ~ortangors and l~ortgsgee jointlY, ~d t1~e insur+~nce pe'oceeds. or uny part t!?~reoi. may be wp ~ed by M y~ at its optioa ~ eithcr to the e+eduetioa of the indebtednms hereby aeeured or to the r~a~or~tion or repw ot ~ property~da -m~aged. Ia eveat i ~ of foreclou•e ot this mortgsge or Mher transfer of tiUe to the mo property in eutinguithment of the indebtedness seeured herebr. all riaht, title, end inteeest ot the 1[ory~agon in to any polkies then ia foree ~luU pass to tAe pnr- ^;:ti, chaser or • 4. To nmove or demoliab ao bui~dini on said Premises ~vitlwut tbe ~rdtte~? eoneent ot tLe 1[o*tR~: ~ M~~. ' mit or wtfer ra ~raste. ia~~aiement or deterlontion of said property or aay p~r! thereot wd to keep the suma and Improve- aaeab Wereoa in rood ewdrtlon aud rep+dr. , 6. To pay aD and singulaF the oosb. ehae~ea aixl ezPemes. L~clud~'na reasw~aDle lawyer'a fees. larryer's disbursemenb _ aad cosc ot abstracts of title, in~urred or aaid at any cime by the ~[ortg.gee becwse of the fai[nre on t2?e part ot t~e l[ortsa- ~ aon to dul pertorm, oomply with and abids by eaeh and eveq the atipule~tiat~. ooadltiow aad oovwauts of tsW promiasor~ note and ~ moMSase. an~? or eitber. 6. Tlut in tlie event We Horttaaora fatl to ~y or diseharse aald t~q, sstwmenb;~ and ineombrsACes. or satd oat~. eh~rses and racpenses, or fatl to keep s~ psemiaea iawred or to deGver tl~e Poliete~. Premwms or tail t~ repatr tbe P~, as henin age~eed. ihe ldortga~ee is l~ereby authori:ad st its dectioa to WY ud/ae dia~e said taxes. aseest- ~aenfs. lieas and incumbnneea or an,y pa:t thereof. to pay~uid oo4ts. ~rgrs and expemes. to procure aad pay tor aneh in- , wrance onto me~lce aad psy for wch repaiis. wIthout any obligatia? on its psr! to determiae the validity or neeesaity ot an,~ tl~ereof aad arit}wut tbe Mort~ee v~a~v~t~ or afieetin~ a~n~ option. lien, equit~ or riaht w~der or by virtoe ot th~a rao~g~g e; and the fnll arnount of each aud every aucb pa~t ahall ~ immedistely due atdr~?eyable and aball bear interest irom tbe date thereoi until psid at the rate ot eight per eentumpe r ~nnum. end. togethes with w~h interest. slult be aecured by the ' lien of this mort~age: but aothin~ b?erein wntained ahaU be oo~st~d ~s r+equirina the Mortga~ee to advaace or spend moneys tor any of the purposes in tt+i~ paraaraph anentioned. 7. 1Ud (a) In We event ot a~ be+each of this mortas~t, or defsult or~ tlre part of the ldortaagvrs. pr (b) in tbe event anY ot aaid aums oi money herein referred to be not prumptly a~M fully paid within fdteea drS?s ne~t dte.t the tame aever~Uy be- coane due and payable. witlwut demand or noliee, or (c) in the event each and ever~r tbe stiP~lstio+~s. conditiw~t and oovenanb 01 ssid P~?iseorY note and thi~ n~ort~ge. any or eitber. iu+s not dul~ Perlormed. eomplied v~ith aad ablded by, tben, in eitber or an sueh evenk tbe ssid a,gsreg~te snm madioned in aaid promissory mte tben rem~inin8 anPaid. witb interest aarued. ma : and ~ mo+~eys eecured hereby. a1ia11 beeome due and p~yaWe torthwIth. or thereatt+er, at tLe optio~ of aaW Mortgagee as tnlly aad eompletely u if ap ot tbe said swas o! money were ori~inall~r atipulated to be paid oa snch d~Y. ~t~on i in sai~ pt+nmis- sor!? note or in thi~ aaortga~ bo the eontrsrY not~vithstandmA; and theseupon or thereafter. at the op o the l~artgag~ee. ~ritlwut uo6oe or dean~ad. wIt at Isw or In eguity. thentofore oc tlyera~tter be~un, may be prosecuted aa !f aU moneys - - ae~vred herebl? had mstured Drior to ib institutwa bereurder. the 1[ortga~aee ahaU bs ~titled to~ipplytat aa~r tLae peaidu'~ aueh ~~to the~rConrt ha~jn~ ~ction ~thae~eof for the appaatment ot s Reeeiver of tAe aart8~e~ed P~P~~7 and ot all u~d ain~ulu the reats. ino~me.~ profib. issues an~ reveaues fbereot tro~n ~r6stever ~ere derived, eub and every of which are ezpressly mortgsged b~ this iasttument; ~tnd It b herebY e~cPre~si~ oovwnted and agreed thst tLereapa? wch Court a1~aU forthwith appotnt a Reem~er o! ssid mo~ P~D~7. sod at ~U and sinsu4r tbe eenta ineooae. p:ofits, issuea ~nd revenues theneoi irom whatever ~out+oe duived. wI the usu~l Punezs ud duties of reedven in ~ce cases: and wcb sppoinhnent ahall be made a~ a iastter of atdet right. to tbe Yortaaase. aud without reterrnee to tbs adequ~c~ or in~dequuy ot the value ot tbe propert~ hereby mortgsged. or to t}~s aolveney or iasolvency a[ t6e ldortga~uts. 9. Tbat 1[ot~t~a~ora l~erebr ~aeisn, tniuter snd set o~er to l[ort~a~ee, np to the amour?t ci tba tAW indeDtedneat : ~eeured heesb . sU awud~ ot dsmage~ in ewurection with tLe eondemnstion of sn~ of said pruperty !or P~?lic use or for it~ury : ~+u~Y WTt ~reot. aad the prnceed~ ot all aul~ av~arda. dter payaient oi all rea~onable e:penses Incurred, Ineludin~ fee~ k tor attonre~s repreaentin~ lto:t~agee la aa~ Pmoeedins in w6ich a~U? a~eh awiud L made. ~LaU be paid to l[ortgaaee to be t applied apon tLe indebtednen hereunder in s~eL aosooer as 1[osteagee m,y decL : 10. 17ut time L ol tLe easenoe of thia oontraet aad no wajver of any ~gstion 6ersander or of tbe obli~tion ~ecnred betebr ~haU at a~? time tbereatter be bdd to be a waiver ot the ternis bereof or~of t~e note ~ecnred hereb~. ~ 11. Without affectin~ tbe liabiljt~ ot any peison (other thau any persou rPleased p~noant het+eto) for paymeat a[ ° ~ny indebtedi?e~ secu:ed hereb~. and witlwnt aff~eting ti~e priority er eute~?t e~ the lkn hereuf apon aa~ prup~ty not apeeI- ; ' finll~ rele~ed purwmt hersto. ~[o~see n~.f at .nr t;~ ,m trom t;me to a~?~, +~~t ~wctoe ana .~~c ~,,,~a~ - ~ to aa~? kgal ri~hht o: privDege a[ l[ort~agee: ~ - ` (a) ltelea~e aa~ peiaon 1Lbk tor wr~t oi wy indebcednea..eau~ed herebr; (b) B~tend tbe Wne or aae+ee bo ~~r~,. ot wr~t ot .ur ot ~~bcaa,w.; (c) Aecept additionsl sea~rkr oi sn~? kind: (d) Ii~elease anY P~'oP~7 ~eeuiins the indebtedneas; (e) Co~ent to the essation ot any easeiaent on or orer tLe pnmva or any coveaant~ re~trictinR we ot ooenpaney thereof. . ~ ~ ` 12. To dul perfonn, eomply wtth ~ad abide b~ eaeb ud ev~ tLe atlp~oos. caditio~ aad eovenant~ in a~id prom- L~or~r nots and ia ~ wortsars kt fortb. . ls. As additionai ~ecurity tLe 1[oetia~ors do Lereb~ trurter. assia~ aAd set over to the a~id l[o~t~, it~ a~ecea- - ~ ~ors or aadgru, any ard all rent~ now due. or to beoome on tbe ~bove de~cn'bed pe+emisa or an~ sepante ra?W premLs appurterunt ther+eto, r?hieh arr altwted on tl~e land above~cribed: wch rent~ to be oollected byr or st tLe die+eetion of the , F Yorttaaee. !ts suoeessoes ot aisiRo~. and !Le act proeeedr the~+eot to bs appljed to tbe indebtednea heraabetore teeured. o and ' whea t1~e ssme aball beeom~e ~e and psyable; .nd for tlee wrno.e ot earrytna out thi. pnuvision tbe 1[ortaaaors do b the~s ~ ~+the s k present~. contitnte and aFPoint ssid l[orti~ee. or the aoassors or/aasi~ro at tbe ssid 1[ortgyree, as hi~. ber or tbe~r teus . z and Iswfuf attosner-in-faet, to ootleec aar and ati nenb for aaid abo~re de.eribed rr+~. e~cpie~stp wtborls~ tbe l[ortsa- . F tee or ib weeea~on or assi~u to reoeipt teaanb therefor. itad do b~ fhe~e pe+erents ratif~r and oontirm anr and all act~ ot ~ ~ iaid ~tiorney-in-faet ia relstwu to t1u toreRoiua Pc+~er. r ~ ~ ~ - e s ~ ~ ~ : ~a~~ 93 r~c~ 7'0 ~ - _3' . . ~ S { ~ "