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Home My WebLink About2292 ~ r : ,1 ~ ~ ~ . ~ ! I'~ , . . . ~ ~ • ~ ! O ~ O ' ~ w s . ~ ~ 8. Uatjl dehWt tn tbs af d~s aoya~anb and ag,~roemeatt of tWt a~o~ to oolie~t ths ranb. ir~es and p~oa~b 5~the pcemira Lae~einbe[o~s de~aibed. but ~4 a~e ~ , thb mat~. and tbs of a biII b iaaclas thi~ a aa othx mo~tgage aocvmbe~ing ; As~ociation ~1 tmu~edis and w~thout aotloe bs ~ to t6s appo~at of a Rea ; of tbe reab. i~ues and d~of~ wlth tlie uswlpo war oE Receivas la ~ c~ses, a ; ia posaeasion aE tbs ~aid property ~?til tbs tinne cf the sals theceof unde~r ~h foredoaucs. ~ sob by the Oonrt. ~ 9. lf a ooaveyar~~. shouW be made bp tbe mo~tgagara af the p~+emir~ berdn da the written c~t of tbe Associatloa, and wlttwut assumptioa in ngWar fam of 1aw by ~ Assodatioa croated bY said proinissory note wd thia mo~tgage, tben, and in t}u?t evaat, m i nnd without notice, all s~uns of ma~ey securcd ber~by :haII immedLtely aad 4or~currentlv w j ~a a~~. m.y a~ ~a, ~ m mc~ w~a, ; ~a~~~~~~~~..na„~y~~co~a~?y~a~ ~ he~eby, ar ot6e~vvlse aa W?Itaouc ar ia aar way affocting the ltabilitj? of the mo he~cby secured. ~e Associatioa maa~ y~deal with the Mo~tgagon and/a wltb snoc~ssc j ~ matP~~ge aacl tbe debt ba~by ~aseaued by forbeuIng to soe, esteuding the time fae P~Y~ ' ~~Y P4Y~b and/or a di~' t inta~ rate, andby other e~ a~ocl~icatbns of tb 1 t6e Aaodatjoa has wrar oth~ mat8a8ees a lieno:s a~ holders of auy i~mior interesu in tb ( 10. Tfist in tbe cv~,nt tbe pYrmises ha~eby g~d, or any part tbereof, ahall be w~cler the power oE ~oinent damain, the Ass~c~atian~}u~ve the right to demw~d that all ~ damages to sajd pce~nises sball be paid to tbe A.SSOCLtiai, ib wocessors or assigas, up to dre i. inay be a!'Y`..." u~ tbe payment or payaienb last ~myai~le the~eOn. 1 11. It is specificaIIr agreal tl~st ti~ae is the e~nce of th~ oontract and tLat no wai ~ the obligation sec~ued hereby shaII at any tiane tl~e+eaftat be I~e1d to be a watver of the tum 1 I 18. If foredoauns proceedings of any seoondmo~tgage or aeoond tru~ deed or anY fi ~ ~ tuted, the Assoc~tion m~y at its imme~atel~? oc t~eroafter deelare this moctgage anc ~ ` ~ ~ P13~.bTo the e:tent of the indebtedneu of the Mo~gagors to tl~e Assocjntion des~'bed s { ciatioa is be~eby subrog~ted to the lim ac lie~ and to tbe rlgl~ts af tbe oNVaers and ho3day ' i ~ Uea or other em.wabranoe on the land d~ he~ w~~ich is paid and(or~ ~sfied, in ~ I of ths ban described ha+e~la or sa.vred hereby, and tbe res~ectlve lie~ of said mo~tgages; li ! ta and be held by tbe Association heceia as fa the fud~btedness to the Association b f ~ the same e~tent that it would have beea paa~ and would bave beea passed to and bea i , dWy aad reg~iarly asaigned. tiansferred, set aver and delivered unto the Aswcfatbn bY separ ( ` ing the fact that tbe same may be satis8ed and canceDed ef reoord, ft betag tbe ~twtiaa af ~ be satia~ied and canoelled of reoad by the holders thaeof at or ~bait tl~e ti~ne af tLe rea i 14. To pay all and singular tbe com, du~r8a, and ~p~w~s ~diu8 4wyer's feea ~ tjane by the Associatia~. ba~ause oE the failure of the Mortpgors to perform. oomply with ~ t~ons. agreemenb. ca?ditioas and mveaanta of aaid p~omissoiy note and this deed~ or eIthe~ i intec+est fsom date at the rata stated in the note aecvccd hereby. ~ : 15. T6at be wIllp~m~ t, coaamit, or suffer no waste, impaimnent~ o~ detalorati~? ~ ~ ~ and in the eveut oE the af ~7w+e oE tbe Mortp,agors to keep tha buiWings on said premises and i ? ~ ar improvements tl~eieon in good :+epair, tbe Auociation may make aud pay ~o~ sude : i ryfor tba proper thareof, aad the fiill amount of wch pa~aenb shaf~ i ~ aaped~s6all at the option a~ ~tba be ipamedjately due and P~Y+~~. a PaYabb ia sa _ ; tioa znay ~miae. and every s~d? paymeat shall bear inbezest from date at the rate st4ted 18. 'lbat if tLe Associatian and the Matgagozs agree, the Mortgagocs w~ carry a os ~ their lives in an aale~u?t equal from time to time ~ tbe amotu?t of indebtedness hereby sec+ thereunder and that tha said Assoc~ation ma pa the mtums for such insiuanoe ~ ~Y • Y Y. P~'e ~ and add each s~ch payment to tha unpa~d balance of .tbe loao, as of tbe ~irst day of the th~ , additioiwl indebtedaess secured bY t~s mortga8o PaYabk uP°n d~nd- ~ i 17. That ia the ev~t . that tbis matgage be given to aecure a ca~sd~udia~ 1oan. fa~ ~ ~ their oontractas to oompkte said building in aooo~danoe w~th ~ Loan Agreea~ ~ said ~r~ction ia aooo~rdance wit~ plans and specif'u~tions filed wItb the Assoc3Ation, sba and, at the option oE t6c AuocIation, immediately mature the eatire amo~mt of psiociPal ani 'dati~ may i~aa,ediacely iastitute prooeedings eo fo~ecbse this mortgaga , 18. That the abatraet ~ abstraets af tltk oovering the mortgaged propert~?. ~haD st i ~ gage. remain in the po~essian o~ tbe Associatiau and L? tbe event of the foreelos~ue ~ d~i ~ ~ ~cg~ea ~ ~~t ~ ~ ~c~ ~a ~n a~~ ~ ; ~ac~~y~a~~~~n~~~~~~?~. ~ is. ~ ~n~ ~n a~~~~ ~ a~, c~ a~t ~ ~c~~ ' tion to the monthly in~allaieats af priac~l and interest to be paid by tbe Matgagors wu ~ an umount equal•to ano-twelfth of the annual ~ostallmeats af any taza on tbe mortgagec I govemmental autbority, and aie~twelfth of tbe annual premhm~s for Fire and Extended i premises as~ hereinbefore required by the Association, and the Mortgagors failure to make : ~ ' unda thts mortgage. • ~ I~ ' IN WIITIESS WHEREOF, the said Mortgagors he~eunto set their'ha~ds and seaL ~ ~ - ~ .i - . . , Pre~seaoe Si sealed and d tLe of: _ ~ ~ • - - . T . . @ ` ~ _ c ; ~ ~ 1 ~ B~ , . . JII'~ i~ I'' i . _ - ' . ' i:: . L~. il { ~ ~'y I ~ . . - • ~ ~ f . (1Mf1qE~tE~ . . ; - ~ ~ . 1 • ~ ' ~