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Home My WebLink About1449 . • . . + ~ . • • ~ . . at aD Na~ ~nd qrdatl)? ~o aoeer upoa, hoad.o and aajq? tsrd Lnd; tMt ~id Iand b hee fro~n a11 aacuoabru?oat 0 o~up~r thatt~j mdce su~ ~istbar aauesnoer eo peded tbs fes da~pls tttls ~o nid had in t6e A~odatlun a muy re~naWp bs . req~ared; iwa a~c tl~ ao b~ Ea1lp wsn~t aye tide eo aid Laa .na wiU aeEaaa ths saa~e the I~wEW d.m~u oE all pe:soai whon?~oev~a. ~ PROVIDBD ALWAYS tbat tf tLe M ~agori shaU well uid trulY P~Y uatu tbe Assbc.~lat~oa, the iadebtedne~ evWmoed bp tl~at oe~ain p~aa~o~? nobe. oE evan datsa Fierewl~, m~as by d~e Ma~agoa ana p.yable co t6e Assoai.ti~an, ia the P~Pv ~ oE _ _1S? ~4Q ~4._ TFI~~iQiISiA~A2A~Y~..i~I~1.1Q4_._... _.._no~lsrs ~ ~ vr?hich note, together with tutawt theceon u there~? specified. is payable ia monthlp iastallm~b oE.. , ~ ~ i sFVFrrry-~~A~...I1i4~1~ nou.rs (i ~ i • I a~s...~2S~h..._a.y of a.a? maath ~ng wlch.._. A,~+~ 2p, 1~sd~ ~ p.ym«,b , ~ ~ ~ e~ ~ .Aa a,~ ~ m ~a~. ~a ~ ~ ~a ~n, .aa ~.n ~«m, ~ ~am~ .~a ~.p~ ~ ~.,~at ~ ~aOO~ ~ . ~ an wFtL aad bp e~h and av~? tLe ~latiau, •goee~atr. k f ~80. ~~8 ~Y s~"~ bY t6e Assoclatim t~ the MaKgagors. or tbcir suooes~ozs in title~ fo~ anY P~ ; at any ti~ns befae the rek~se and ~tion oE tbis mat8~80. b~ at no t~me s6aU thb a~o~tga$e sec~us ~dvanoes aa aooonat ' ' oE said origfisl note ~og~thac with such additio~al advanoa ~nn a sum ia e~ooest af T~IJ THOUSAND AND 'i ~ ~ NO/l00 (i 10~000.00 ).p~ .nr .avanoes ,aeoe~ry to p,obeat t6e seauity and ooats, th~a tliis deed and tbe ex~ie hereby created sbaU cea~e and be null aad v~oid. ~ AND T~iB MOR'PGAGORS DO Lereby an?~naut and agree: . . ~ 1. To pay alt and singular tbe piincip~l and int~st md othex sums oE n?a~Y P~Yab~e by vtitus of ~id pcomis~o~y note ~ and tLis nioctgagq, or eitL~r. P~P~Y an tl~e da» r~peetiv~ely the s~me savaaIIy oane due. ~ I To p.y .n .aa ~ngul~ tLe lavks, u.~„ oblig.t~oos .aa i~b~ of ewxy nann+e .aa I~na ~ ~ naw an said desa~ibed p~+opecty, ac tbat l~after m~y be im suffa+ed,p1~ kvied, ar asses:ed tLerean. or that be~+eafter j may be kvied or assessed upon tLis Ma~tgage, ar tbe i~~ck~~ aec+ued he~by, cach and ev~e+Y. whm dne and pa bk, aaca+ding to ~w~ before tLep beoo~ne delinquent, and before any interat attad~a or anyp~a1ty 3s io~+ured; and ~ as ~ th«,e~ b af recaa r~h~e same sl~ be p~mPa~? sarisfiea .na ai~ugaa af rec~o~a .nd the ai~na! a~.t a«~c ~s~ , as, for in:mnce, the ta~c reoeipt a: the saHsfaction pePer of~allY endasecl o: cartified) shall be plaoed in the hands af said : . ! Association as M~tgagee within tea days ne~xt aker payment; and in tlie event that an~r tl~eseof is not paid. sati~ied and discbarged, ~ i ~ said Associatioa anay at any tlme pay the same ~ any part tl~re.wf without vvidvlag a~ affceting any option, lien, e4~Y ~ under ar by virtue o£ this Matgage, and the fuIl awonnt of eacb- and avery such paymeni sbaIl be inunediately due andpa ( .na shan bear int~c from the date tha~oof w~h1 p.,a .t the mte st.tea m the note senrteci hereb}? a~?a coge~ v~th s~c6 fi~ita• 1_~ ~ est shall be sec~ued by tl,e L'ea of tbis Mo~tgage. ! 3. To koep tbe b~iWing,s and all eq~dpax~?t and persasal prope~ty naw or ha+eafter oa satd p~ea?i~a cavued by dds ~ ~8a80. insured in a sum equal to at leart tbe amount of the Re, or an amo~mt sufficiant to conp1y wlth any oo-i~a { ' anoereqnireaneat cav~ing the same ~mder the 1AVVS of the Shte oovatng loss fmm both fh+e and stoim. making tbe j loss uader said policks. each and every, PaYable to the Associstton. ~s matgagee, ai ib ioterext miy appear, and said insuranoe ~ s6all be ion a~od and rexponsible insuranoe oanpany satlsfaceor~? to said AssoclaHoo, wd writtea by a 1~~~ bcal ageat ? saHsfactay to said Assoclatioa; s~nd tbe policy or polic~ shall bear a standard mo~tgage cLuse wltlwut oon and ~all be iall i leeWby the Associatioa, and, in the rvent aay ~ of awney becamesp~ya b b ~ d e r m e b polky ar policies, t h e A s s o c~ a t i o n s 1 i a ll ' have theophoa to reoeive and apply the same a? aaoouat of the indebtedness bereby secur~ed, or to pamit tLe gors to j nooeive and use ft, or any pc+rt there~, fo~ o~ p~rposes, wi~ t~b~? waivtng or im~w~L~g suY al~ity. ~a, a~ r~t undx ? ~nd by virtue oE this mortgage, and may plaoe and p~y for such fisuranoe, or my p~rt witbout wai~?ing or ectmg ib ! option to foc~a~oae, or any rig~t hereunder, and tbe full amount of each and every such payme~?t sha~ be im~dta~:ly due and I payable aad shall bear int~ frnm the date tbereof unh7 paid at the rate stated in tt.e note secured h~? and bogether wIth ' such interest shaII be secvred by tbe 1ka oE ~his Matgage. : 3 . s ~ 4. Top~m~ t, oommi~ ar suffer no waste. imp~meat a~ d~rioraNon of said . oc any part tbereof, and upon ~ the fall~re of the awrtgagors to kcep tLe buildings on said ~rty in good coaditlon uf~ the Asmc3atioa may demand ti~e € ~ immediate repair of said buildings ar the immedixte repaymeat af the debt ysectund. and tbe fa~ure of tbe moctgago~s - ~ f to oomply with said demand of the AssodaHon far a period of Thtcty (3Q) daps,~shall ooostitute s b~each of this mo~tg,tg0. ~ • t and, at t}ie optio~ ~ t6e As~ocjstiaq immediately mature the entiro aroo~mt of pc~ndpal and interest~~y seciu~ed, and the ~ ; Assocla t i o a, immedis t e l y and wltha~t'~otke, ma y iastitute p n o o e e d i n g s to fa~eclose this moitg~ ge and apph? ~ the appofntment - ~ ; of a Reoeiva. as he~nafter pmvklai. . ~ 5. 17~ matgage ooatract p~+wides fa~ sdditiourl advancea whkh may be made st tbe option oE the as:ociation and i ; . ' F ~ bY ~~80. and it is ag~eod that ia the ev~at of s~ch advanees the au~au~t msy be added t~ tl~e ma~tgage debt _ and shalt increase tbe unpaid bolanoe oE tbe note ba+eby sec~ued by the amomt of mdi advance aad s6a1t be a pait af said ; € ; note i~~debtod~ ~ujdex att tbe terms of said note and t6h oantract as fuIIy as if a naw wch note snd oontract wae ~ted - ; i and de~iv~ei+ed. M additia~al advanoe agreanant may be given and aooepbed for sucL advanoe and providaa mny be made for ~ diffennt monthlY PvY~°b and a diffe~ent interest rabe and otber aio~Hous of tbe oa?te~~t. b~ in all other respects ~ this ooatr~et th~A re~ruin in full facos and effeet as to said icKle:~~G~ ~6 all advanoes. ~ . . ; ~ e. ~ .~,yy ~ cbe ~ ~~a e~ ~ ~ ~~h? ~ ~h? ~ ~ 1'~? ~ ~ ~ ad ~ ; fhe ..me severail~? oo~e ane ana p.r.t~le. a if e~ .ua ~ ~oa ao~~eoa~ of saia , a ~ pcomisaory note a,od thb deed. or either. ars not ddy parfazned, oom~ vvith and abicied by, the ag~regste smn meatianed ? in saW p~amissory note and any otl~er amou~at a amo+a~b added to tbe matgage indebtedna~ ~mder tbs Ea~ms aE thi~ martg~ge ~ ' shaII beoome due and payabls iorthwith ar tLeraker at the option of the Aaociztioo, a~ fnIIy and aompiebeijr a iE s~id aggregate ~ ' wlthdaadm~ was ai~io~ll~r ~ipuLted b be paid on sud~ day. anY~B P~'~~~ no~s or berela Eo tbe oantrary noc- t b ; 7. To ddivex to tbe A~od~tion. on oe betore Mu~h 1Stb~ of esc~ ye~*. tas raoeiPb evWeoc~ tbe Paymant of ~all hw- ~ ~ funj? impo.ea t~a [or +~e p~oedi~g calena.r~ar;~ aeltva to the Assod.eioa reo~pb a~e paymeat af .n lieo. for pne~ic rvlt~ ai,etp (90) days aftar tLe same s6aD beoome due and papab~~ to pay ar di~darg,s with~ - ~ ~ niatr (90)~dw dste, aop aud a11 geve~nmeahl Zevles t~at mry be wade an ths mo~'S'~ PnP~y an tfih mortgage ~ oc noMr or is aq' od~ w~y ~ frow the moctg~s ~bbednas secured by thi~ nwrt$~e. , f - , ~iy ' K 1 • - ' - . o- o.:b x s~ f~~fz~$ ~ .