HomeMy WebLinkAbout1309 • . ~ •
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tt ~~li~~? ~ qUk~~i ~D dObO~ 11p00~ ~0{~.oooupy ~ dpj0~? iLif~ ~Y! itld ]~i1~ 1i fC00 E~1 in lp~0~i
t6~t t6sy m~ios w~ch fiut6~t at~aneroas ~ p~faot t~•ia aimpis titls ~ aid 1~ad M tl~s A~ocl~cn a~ aa~y rauoaabhr bs
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u~rod, sad~• do bee'sby in~j? warnnt drs tltls ;m nW Lod and w1D ~sfa~d the ame agabist d~s IuwfW ddnn~ of
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PROVIDBD ALWAYS tt?~t If d?s M t~ du~U weA aad t~ulY P~Y unb the As~bditioa, tbe iadebtedne~ evkknoed
67? t6at cert~n pnaniroep nooe, af evea a.esa b~ m.a. by t6e Moc~g~s u,a p.ysbfs ~o t6e Assodatioa, ia the P~P~
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'~EN TAOUSAND SEVEN HUNDRED_AND N0~100..--,-,._p~,~ ~;~._7~,T00,_00__,
j whk~ note, ~ogether with iat~t thaeoa ~s thercin q~edffied~ is payabie fn monthl,y ~b af..__.
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FIFTY-SE'{~EN AND NO/100 5?. 00 - .
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~ ~ ~ 20,~~a, ~ A 20 - 1964 ~
~e w be a ~rst ~u Interest, wd tbs~ P~3~b •
~ whh and ~b~ aach and ~1 said indebEed~?as it p~id !n fnH, aad s~D pa~foca~
~ bY ~Y ~8~1ab. coaditjo~s ~nd cavenanb of t~id p~omis~o~y nobe and~
~ mat~8q Aad, i~ng a~r advanoes m~ by t6s Assod~tlaa to d~e Ma~oes~ ac tbeir ~~ooe~soes ln t~ far aa7 pu~osq
at my tims beta+e d~s rele~s aad aaoel4eion af t~is mat8'~8a ~ sc no time d~all this mo~age s.cure .dvano~ an aooow?c
~ oE said aiginal nore togatLer with su~ch ~dttiooal :dva~ in a wm in e~oe~s SEVEN THOUSAND i
~ SEVEN HUNDRED AND NO/100 ~w~••~~~~~~~ Y~ oo ~Qy ~j~,s ~'~"'J
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! i0 pl'Otl~Ct t~ tOpl~i atlf~ COf~, t~ tbb de0d and t~ C~ib bBDE~? 1x'C6t~ i~la~ C04f0 i(Itl b0 riu~~ VO~.
j AND T~ MORTGAGOAS DO h~b~r anr~oant a~d agFee: .
s mo~
l. To pay a1! aad siuguLr d+e aad iata+e~t and other s~mos af ui°°°Y P~Y~~ bY vietue of said p~+oa~is~o~y aobe ~
and tLis mo~tgage, or eith~r, pro~pdy aa dsy~ respe~vely tbe ~ame aewe~aUy oaos due.
8 To P~Y ~~~8~~ ~b? ~+?b~lltla, obliSat~ and inamnbances of evay nature and ldnd
naw m said des~ibed pro~ty, ae th~t l~«~eafter ansp be ' ~ered,p~aoed kviai. oi' as~es~ed thareao. cr that l~eafta .
m.y be levjed a~ ass~x9ea upon tLis Mo~aBa ce c6e io~~bed~'ne~' se~ured l~nby, esch .na ev~ry?. when aue .i~d ~a. bie.
aooording bo 1aw, befa+e tbep beoon~e de~nqueat~ aad before anyi~ attacha o~ aay b 3ociu~ed; •aad ~ as
i au~? ~of i~ of „eo~a tLe same sh.n be p~?pay ~c~iea ana a~arg«l af ~ona ;u~d t~~ul o~l ao~ma,c ~~h .
~ _ a~„ fa in~noe, the tu reoeipt ae the satLsfactios~ paper o~y a~lo~ed'w' cec~ecl): shall be ~oed ia the han~ af said Y~
~ As~w.~iation ~s Mwrtgagee ~~ea days nezt aker p4yioneut; and in tLa evezit t~t any thereof is uot paW; saHaf~ed and dbcharged, '
said Associatio~ msy at any tLne pay the same o~ any pa~rt tberea~f witLout waivlag ar aH~ anY oPt~o~ti ~a. «l~Y
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~ ~mder or bp virtne af this Matga e, and the fWl amouac ~ each and every sucb pa~rer,t be inunediately due andp~
~ and s6aD be~r in~ from the thereof until pnid at tha ra~e stabed ia tLe note secured hereby and together with such 6~ite~-
f est shaD be secau+ed by tbe Jiw oE tl~. Matgage. ~ ~
~ 3. To beep the buiklings aad aIl equipsnmt and P~O~ ProP~r rww ae bareaftet. oa spid_pc~ap~ises cav~ered by this .
matgagq inwred in a sum equat tu at least dre aawunt of the ' K0. ar an amo~Qt mfBdaat M ownp~y with any oo-in~r- .
anoereqwremeat rnvesing tba sama wudes tLe y?vvs of the State a~ oon~aing loas fioaa both ffre and `
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3oas uoder saW policies, cuch and evary, PaY~ble fi~ tl~pssodaHou, as nnoct~sgee, ~as ib interest ma appear, pnd
shall ba in a good xnd nspoastbie insu~snoe oo~nP~nnY sat~actory tu said Assoctitbo, w~d wnittea ~y • Ioc~l agent
sat~factory to said Asaoclstia~a; aad the poltey or paaicies shaD beu a~aadard matgage c)ause wk}iout aonl~and ~all be
l~e1d by tba Associatbq and„ ia t6e e~veat any sima of money beoomespayable under~ snch policy ar po~es, the A~octstion a6all
~ l~ave tLe optjoa to rsaeive and apply the srune on aooa~ot of ihe indebteda~s• baehY sxured. or ta paanit tbe agors b
~ recetve aad use i~ oc anY Put t~o~ fa ott=a P~P~, ~bY ~8 ~Y «l~h', ar~~f~ wider
and by virtne oE thts matgage. and may pLoe and PaY for such L?auaaoes, ar anY P~ ~8 ~
~ option to foreclose, or any tight hereunde~, and the fiill anwunt of each aad cvery suc~ paya~ent shaII be immediabely d~e and
PpYable and sball bear iaterest h+an the date thaeof until p~d at the sate stated ia t6e nobe sec~u+ed hereby sad tiogetl~ec with
. st~cb interest shaII be sec~ued by tbe Ika of ~hh Moctgage.
~ 4. To oommit~ a~ wffer no ws:te, impaicmeat or deterioration of said p~+operty~ ac any part ti~ereof~ and upon ~ t'
the fail~u~o af ~mortgagors to keep tbe m said pe+uperty in good oonditiae of repajr~ tbe As~oclation may demand the ~
~ ia,mediats repair of mid buildings a~ theb i~m~te repaYmeat of the debt secured, and the fa~ure oE the mat8~8~ _
~ to oanpi~? with said demand of the Astoefatiau for a period of TLiety (30) days,~all ooa?~itute s b~+each af tbis nw:tg,~ge, ~
i u~d at tbe option af tLe A~sociattoo, immediately mature tha eatire amamt af pcineip~l and intereK harby ~ecuc~ed, ud the
~ As~ociaKao, immed~r and ~ notka, may fcutitute pe~noeedings to fareclose thb ~ge and apply for the appoiatm~?t
~ af a Recdver, as ~nafter prnvided, .
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' S. Tbis matgage ooutract provides fa~ additi«~1 advanoa whid~ awy be m~de at tLe optbn of the associsitia~a ~nd -
~ ~ec~u+ed by thi~ mactga8q and it is ag~~eed that ia the eveat of s~ch advanoes the amount mRy be added to the mortgage debt
{ - ana sLan ~c~a:e a~s unpaia b~noe of rhe ~wte h~by secx~rea by tbe .mamt af md, .av~n~e .na s6an be s put oE saia ~
note indebtedneu w~der a1! the t~ms oE wid note and this oandact a~ full,~? ss if a naw soch note and ooatrnct wene exearted
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and ddiverad. M~ advanc~e ag~+eeu,e~at a~y be given aud ~coepted kc sucL advanoe ud peavi~ion may be nwde Ear P'
different mouthlY P°Y~b and a diffaeoR inta~ rate and other n~ oE~tLe aoatrsd, bnt in afl othu respects
i thi: oa?trad shxD rema~a ~ full [a~cs wd effed as to said i~~el~ indud{ns ap advanoes,
i e. If .ny of ths'suau of mooep ~ refee~a to bs noc p~ompRly .nd fuuy paid w~hm T~cCp (90) a.ys nacc .8er
~ "the aRme sevaaUy coa~e due and paya6b~ or if ead~ and evay the agroeman~, oonditioo~. aud c~ov~eoantr of ssld .
~ ' promis~orY note and t6i~ dee~d. ac eitbar~ ars not dndp perfas~ned„ own~p~ snd sbided by. tbe agg~re~a~e snm meotianed ~
in said poo~niuory note aad aap o~tl~er~amo~mt ar ~oounb addod to tbe mo~tg,~ge 6xlebbednas mrde~r tbs berm~ of thb matg~ge. 3
~ shaII beooms c~ue and pnyah~s facthvvk~ ar the~ft~er at ths aptk~u af the As~oi~iatioa, as faDy and oo~npiebe~jr as if ssid a8eregate
j ~n1O°°'Y ~°~S~Y ~P'~ b~ P~ on snd~ day, an~hing ia nid pe+ca~lssoy ao~s ar ha~e~ to the oontrarp not-
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j 7. To de~trra tb t~e A~oaiatioo, on ar befa+e Mae+cb iStb, of ach yair. ta~t reoeiPb e~vide'oda8 t~ Pr~m~t of ~aD Lw-
' fnDp ta~a for t~e prooed~g calaxlar to deliv~e: to d~e A~od~tion reodpb v~deoc~ tLe p~yrQeot af v1 lieos
~ ~ w~i~ .nioet~?. (90) ~~ahar tbs same shaII beoaoe dne and pay~abley aAd to par ae dbc~rge wit~in
~~)~~~ae d~e. ar~' aod ~i ~oranmeotal lavies t5at mty be nwds aa t6s moetg,aE~ P'°P~r• an d~ ma~ge !
a a r~ ~r w.r ~ r~ ,~eg.~, ~ ~a ~
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