HomeMy WebLinkAbout0140 . . ~ . . . . . . . ~ - . ,
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• at aD tJme~~ pe~oe~W~r ~wd quiedp bu eo~es up~or boW,oa~? uid anioy pd Lad; that ~id Lad ls fc+ee b~o~o~ ~ll ancuoab~anoa;
tLst tbry riD m.loe mcs l~he~ ...an~oe. bo pec~eoc ti~ iee .i~apls ade ~u ,.w 1u~d m t~e Aa~odadoa m.y re~oe~bly be
~ reqvined; and tMt dbp do ~ebp fnllp waet~o~t tbs tlds ~o aaW land and w01 defaad ths :ams ~gain~t the lawful cLim~ oE
all pa~sons whoan~osv~. .
PROVIDSD ALWAYS dat lf tbs M gas sha11 weII and tnily P~y mto tLs A~bN~tjoa, ths tndebtedne.~s evlda~oed
; ~,.c ~ ~ ~ a.ce~. m.ae by d~ ~ ~r~we ~ c~ ~.e~, ~ t~ ~rc~
~ ~ tum af TWENTY•FIVE'I'HOUSAND AND 1`0~10~ 25 0~0
, - ...__..___...._....._..._._.._..._Dollara
~ ' whkh tat~, Mget~er wlth lMa+est tl~ereon as t6ecein spedfied. b payable in moathly iastatlweub uf.__.:.
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~i1~ i ii 1 Y A~ ~/10~ •~~~~~~~~~.~s~~~w~~~• ~~=250~ 0~. ~
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a~..:_.ana a.y o~ ~ ~ - At~ ~64~ ~.~,b
~~~~~a,e~.c~~~a~~m~,~m~a~~~a~?~n,.na~.n ~
w~1, ana by e~ .~ra anr«~,? ~ •E~~, ooad~io~~ a,a aaveo.nd of saia promi~or~?~no
~ana ,
~ ~80. ~~Y ~wnoes a~~ths As:oc4tlca to the Matgagon, a tLeir suooes~ws ia tit~ fac u~y purpae, ~
~ at any tbme bafare tbe rele~se and c~noeiLticn af t~fs mortg~ga, but at no time sball this mo~t~sge secsme advanoes a? ~ocount
eE_ ~
oE said o~al aoce ~ogedrer with such additional advanca ia t suaa ir? e~oeas TWENTY-FIVE ~ .
THOUS~AND AND NO/100 ~i25 000. 00 ~3!_ph~ ,~y „~ry
to~p~noaeet tbe sec~vlty aad coats, dem tLis deed and tbe ~tabe hereby aeated shall oes~e w~d bs nuA and v~oid. ~
AND THS MORI~GACOAS DO Lerebq? a~ ~nd agcee: .
~ • I. To pay alt and singuiar the pincip~l and inta~t snd other s~mAS of ni°ne~' P~Yable by v~tus of said p`antnory ao~e •
and thb martg,~ge. or e#~r. P~'~PVY m tfie days re~pectlv~elp tbe ~ume sevaaliy ooms doa.
8 To pay all u~d dngular the tue,s. as~mant~ ~evles, liaMlit~. obliSat~OS and in~mbranoes a£ a~very nature aod ldnd
r~r on said de~ctibed , a: that ~te.r mRy be im suff
may be Ievbd o~ sssessed~iq~on thh Mcctga~e, ae the fiKk~ ~ s~~
,~csch. and e~rery, vv~ct~e and . .
a~ooord~g to Lw, befa+e thay heoome delinqusnt, aad be[ore any inta+est attac~x cr aayp~~y b i~ured• and ~ as
any tlia+eo~E is oE ra~o~c~cl tbe same s6aII be prompdy sathKed and discharged of reoord and tl~e ~o~igjaal ol~dal ~t (such
ss, for iattance, tLe tas reoeipt a~ the satisfactjon PaPa ~Y ~do~sed oc oe~tiHed) s~U be placecl in tbe hancls of said
Association as Matgagee wlthin tea days next aka p4ymeat; and ia t6e event. that any t6ereo( 4 aot pdd, sat~fied a~d ed, .
~ said Aasociation awy at any tirne pay the same ar any p~ct thaeof wltLoe:t vva~v~og or aHecting anY option. lie~. equity a ri t
uader cr by virtue of ~L Mortgage, ud tbe fuIl amawt of e~ch and every such paya~ent sl~all be immedjate~y due andpaya
and shaD beat interest from the date th~es~eof ~mtil paid at tLe rabe stated ia tLe note see~ual he~eby? and togdha witb such inter-
e~ shall be secue~cd by the Itm af iLb Matgsge.
~ 3. To keep the buildiag~ and all equiPa~ent~ and persoiud prope~ty now o~ hereaft~r oo sajd premi~es cw~vered by thts
mo~t8a8e. i~u+ed in a sum equat bo at teASt tl~e amoiu~t of the a, a an amow?t s~t to oomp~y whh any oaiosur-
anoerequuir~t om?~ng tba same tmder tbe l~ws of tbe State aE ~ oavering loss from both fi~e and sbo~m, mslcia d~e
losa under said polic~; e~ch and e"ay; Pa3'abie to tbe ~ssoc+Istiaa, ~s moctgagee, as~ib intaest ma~ ~ppear, and a~id innuganoe
sbAll be in a guod and -i+espo~aaible oo~np~an~. sa~osy to aaid Aaocia and writtiea.jby ~ ~p 1ocx1 sgent
~tisfactay bo said Aasoc~ation; and ~~'cr ~ shall beaY a"stands~+d mott~ dause~vitbout oonl~iit ~
and ~all be
y Assoriaboo. and, in tbe cvent any suna of aioney be~p ~yat~'e~n~der s~ch polic~? ar pol~, the As~ociation sball
~ have theoption to reccive and apply t~e same oa aooamt of tha u?debtalness ba~eby sec~u~ed, ar to penmit. the gots fio
~ reoeive and nse i~ a anY P~ut tl~ereo~ for otlsa purpoma, without thereby vvaiving or imp~ng any equity,len, or under
, und by virtue oE thb~ mortgage, and may P~ ~ P~Y for such ~uanoe~ ar w4y part d~, witbont waivjng or~ ~~ecNng its
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4 To pe~aAit, oommik or suffer no wasta~ impairment or deterioratioa of sajd~, ac anr Put tbereof. and nPo'n
the failura ~ tl~e mo~tga~ors to keep the b~ri~dings m said peoperty ta good c~ondition repe~~ the Assodation a~ay ckmand tbe
. immediate rep~air ~ said be~ildin~ or the imnoediate re1~ya~ent of the debt. b~sec~u~ed, and t6e fw'lure of the mort8a8ors
to oom~with s~aud de~nand of tl~e Moc~atioo fa~ a period ~ Thirty (30) day:, ooas~tute a breaeh ~n i~t~ga,
wid„ at optfon of die As'ociatioa, ~tely mature the entire anwnat of p~p41 and iaterest Laeby id tbe -
Assoctation, immediatdy and without notioe~ may institube pe+ooeedings to foreclose tbis awrtg~ge and apph? for tbe ~ppointment
of a Recaiver~ as b~after provided.
j 5. Tbi: matgage oantract prcwidcs Eor additimal advauoea which may be made st tLe option of the a~oci~tio~ and
~ sec~a~ed b~' tt~is aaortga8e. pad it is ag~eed t6at in tho evaot of s~ch advanep tbe amo~at may be Added ~o the inortg~ge debt
,ma sbalt ~c:ra~e the ~m~paia b~Lnoe oE the no~~ b«rb~? :«~ea by a,e a~o~c oE ~h adva~?ee ana s~.n b~+ . p.rc of uia
~ note ~ w~ all the tarn~ of said nobe and tbis ooatr~ux as as if ~t aew s~ note and oontrset wer~ e~cecvted
and deNv~ered. An~addkioaal advar~x agr+eema~t may be givea and aooepbed foe wcb advanoe atd pro~vLion nnay be made for .
diffe~t mo~il~' P~Y~atr and a diHamt inta~est rate and other modEfjcatiou~ af tbe oontnc~, but ~uu all othex respects
an
this eaatract thall r~m~ia in fuU faee u~d effeet as to said ind ~g all advanoes,
a r~ .ny ~ c~ ~ ~~~i? ~ ~a ~ ~ ~c ~r~h? ~ ~i? ~ ~ c9o~ a.ri ~c .h~
j ~ ~ .~nr ~ a~ ~a p.rwe. a ~ ~ ~a a,~ ~a~ ~a ~tr ~ ,~a
pcao~i~oqr note aod ihi. aeea~, or ~r, a+e noe cldp pedormea. oan`~ v~itL ,ma .bide~d bp, t6e .g~.te ~m ~ent~ed
in sdd p~omissary note and any otlre~r aowunt ar amo~ti added to tbe mo~tgfge indebtedoas uoder tbe besms af tl~s moetg,~ge
shaII beoo~e dne aad payabb farth~vkh a~ tbe~+~e~fta at tbe option of tLe Assocjatioo, as fnIly and oo~pkteZy ~s if said aggregate
mm of mooey was ariginsll~r stipulnted to 6s paid aa mch day. anytb6~g ia s~id p~omissory aoee a berein eo d~ oonhary not-
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+ 7. To deliver bo tbe As~oc~tfon, oa a hdare Marc~ 15tb, oE each ywr, mx nc+dpa evldeoci~-dis Pr~mant af~all Lw-
I fuDqp~sed ~es for t~e p~eoediog calmdar .~n ddiver to die Assoc.iation ieodpb the pnymeot of aIl lieos
' ni~p (90 ~~a~ a~b~ doe datq, ~ud~s~ g~Cwanma~al Isvles b~e~m~de aa tbs~~ to pay or di~c~uge ~
~ Y ~S~ P~Oi~~. ~cga8e
ar nota ae b~? oti~ war rewit~g rir+cm the mo~t~s i~~deb~ senu~ed bp thb moetga~Oe. ,
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