HomeMy WebLinkAbout2451 , . , , 1
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{ ' ~ T~ N~H ill idd~t~Of1S~ ~p1~~1Lt ~fld ~'O~olAt.i ~0 Sf1y O! 1~1~
' f~~cv9oi~q~ ~l1d all ind t11qt1Ia! th! tMNMtfti. h~!'~diLaMtltf ild ~ppta'tOfMtlCei . ~
tMr~to b~lon~i~g, ar~d th~ sw~ts, isat~s and p~otita tMs~of~ and alw ~al~ th~
«stdt~~ ri9ht~ titl~,,iat~rest~ hae~st~ad, dow~r, ssp~sst~ ~stat~~ poss~ssion, ~
claiai and d~arand ~hatsowrr~ ts ~11 in lar a s i n ~qt~ itjl~ o f t
t M s~ i
d l brtqs~ o r
i~ and to the ~qrtqagsd p~op~rty and ~wsy par~ tMr~oi +rith th~ sppurt.anu~c~s~
. sp~cilically includi~g all rights and ~quiti~s of redeeaptio~~ all oi-which ar~
her~by ~xpr~ssly waived. (All of th~ fora~o i ~
g, Mh~th~r co~siating e~tir~ly of
r~al p~op~rty oac ~ntir~ly o!~ chatt~ls, oar of both real p~op~rty snd chatt~ls, _
t ~ is herein for comr~oiecsce cali~d th~ "martgaged property"):
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~ ?O HAVL Al~D TO HOL.D the said aaostqaged Property and every put ther~of.
unto th~ Mortgagee lorewr. -
~ PROiVID~D ALMAYS~ snd this aro~t9a~g~ is on tAe ~xpsaas co~dition, that if ~
~ the Ibrtqa9or shsll pay oi caus• to b~ paid.all o~ th~ o4neys s~r~ioaed in said ~ ~
ProAdssorY Nota~and the in~srlat thereon~ sll at th~ times and i~o.tM aersner as
; th~rein a9r~ed to be paid~ acaordirg to the tru~ irrt~nt acW aieanirg theseof, and "
+ .a~all pay all oth~r stm~s paravided to_bs psid by this mortga~b, and sAail perform
s~ aed ebid~ by all th~ caveoants and agrewdee~ts h~in and in said Nott oontai~ed,
; then thise presents sha12 be ~roid and the estate h~r~in and hezeby granted shall
~ ceas~ . and detes~sd,ne. . ~ ~
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~ At~ SAI~ 1qRiQA~t does Aereby covenant rrith th~ I~brtga~ee that said ~
Mortgaqor~ at the time of ex~cution and d~livery of th~s~ pr~seets, is the
ab~olute owner of and 3n posse~sion of ssid mortgaged prop~rtyf that he has a
~ good ri9ht~ ~full pwrsr and lawtUl authority to corn?ey th~ same i~ the msnc~er and ~
form herein set forth; that said property is frs~ and ale~~of sll~liens of_what-~
ever aature~ except as speoifiaally mentioned herein~ and M~rtgagor fully warrants-
"~t:e title to said property :and ~rill defend the sam~ a9ainst all lawfui clafms
~ and demanda ~xcept frae the Marranties containsd in tbe ~nwmbrances herai~
~ speaifically set forth. ~ .
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AI~D 1'IiE MORfG~t does hereby further covenant~ prom~se. and agree rrith •
` the Mortgagee, its successors a~d assfgns, aa fol2ars:
;
; 1. Ibrtgagor will not con~o3.t anY waste, or Ntak~n or impair ths s~caaity
- of this mo}~trgage;~ rrili pay, prior to delit~quenay, all taxes ae~d asseasments Is~vied _
or imposed o~ said propert~ ~ri21 keep th~ eioartgs9~d propertY insured i~ such .
~ mamer and-:in such aawunts as Mortgagee osy requi.r~; and rrill ~ot ret~o~vt at~y _
chatte2s, if included in this mo~tgage, ~rom the preadses where they:arf no~r -
situated~ ~rithout Mortgagee's written consent. -
2. In the event o# suit to foreclbse thfs a~o~t9ag~,~Mort9a9ee sAall b~
errtitled~ as a~matter of right~ +~rithout r~gard tro the valus of the martg~g~d
P~~Y or to the solvee~y of 1?brtgagor, and- +~rithout ratic~~ to ~the appoi~taer~t :
~ of a Reaeiver of th~ mortgsged property a~W ths iacome and profits thersof. '
;
. ~ _3. In the ,~wnt of lbrtgagor*s faiitay to pay -tan~s~ oar to ke~p the -
~ premd.se~t insured as requir~d~ Mort~age~ aay, at its - option, but- is rat requisrd
0. ~ to, aake .such paym~nts~."and tba aums so sdvar~ced .shall be repsid b'Y Moar't~gagor . -
~ rrith interest as p~vided in the Note,- and said sum~ ao pe~id by .tfu..Maitgagee
~ ~ shall bs seaured by this. +~oar't9a9~• ~
~ ~ : .
~ _ . 4. In t.t~ s~nnt of ury d~fault in the t~sa~s oi tbe t~t~t~ c~ thls .
~ ~9~s.. ~?s at its option, d~clar~ th~ w1~ol~ ind~btednsas s~cur~d _
; . hersby to be immediat~ly du~ and p~yabl~. °
! ~ . _ ~ . ,
~ ?hat no ext~nsio~ or iadilioation of th~ p~?yee~nt~s .to b~ end~ u h~rr. j,:
; ; it~abdv~ s~t loarth~ ~nd no r~l~as~ o! ae~? pa:t os parts ot't!N oostQag~d P~Y:
s or o! oth~r collat.~ral s~wrinp t!~ abwr d~scsi~d ind~bt~dn~ss~ - wen thoupb ~ j=;
;
' .s~d~ rdtbout co~s~nt o~ tb~ Mort~aqo~r, sba21 s~l~as~, ~liw~„ ~ ar d~scbarg~ tba
; ~ ~brt~a~Or .iro. the pa~nt o.! se~r sums ~i s.our.a, ~a woart~aq.. ' shs2:1 turw, . . °T.
f ~ . t~a rlqht to r~l~as~ lrc~ tti~ li~a Ms~ot~ anY Po~'tio~ ~ portioas oi: t?w iortgap~d ~
~ ! P~~l?s os otf~s colYat~sal held as s~owcit~l fo~ said ind~bt~dness~ irnspeative r
~ ' of th~ ralu~ ot th~ r~l~as~d partion, without aft*e~~eg tNs liea !?ssyof f~ to the
E r porlion o~ portions nat r~l~as~d~ notMrithatanding th~ ~act tbst~awb =~i~as~ or .
ssl~ss~s ry be ead~ Mithou# l~no~wledq~ or oonunt of t~tN Mo~'tq+gor~ oz of anY e:.
~ GrantN car Q~a~s oi paa~tiona of weh - ~
~ ps~op~s~ty tlMr~toios~ sold.. _
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