HomeMy WebLinkAbout0553 ~ ~ .s : .t~ V. Li I~ a s r .~,a.. ~.y.~ w t i~ ~ .'r . • . . . . .
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pNt~? er poild~s ~id M4~(t1'4"~I1CEE ~p f~w t1M ~Mion eo npN~w ~+d Npp~1r pw ~ on aaoaa~t o1 !!r ~ ~r~wrd h~rrbv a~a
v~ ~d MoRTGINOORS to o.o.~w and un tt nr aehr p..t N~nwf far ott~~~~p~wpa~rr~i wtthout t~+snb~? wlrtrMC ar M~pr+rl~ a~r ~qult~y
(len or w~ a by vl~tw of tNs Mor~~: and M tM ~wk ~r ld M~RTG/~OORS ~11 ia ~n~r ~rwn fall t~o krrp th~ ~id pwN~ -
w k~wr~ar hll to d~liv~ pron~ptly a~eqr af ~Md poUdM of Mwranc~ to ~ald MORTC~EE. w fail PromP~h? ~ P~1? ~1Y +~n1? P~~ .
w M+~ny ra~t fMl to p~fo~m~ ~fhct. ~ tamp~ with and ab~d~ by tMs ao~wrw?t, a+?rq? PKt I+M'eoF~ s~id MORT
' W1CEE n~? Pl~c~ and p~t tor wch 4~wra~oe or~rry pwt th~~wf wlthout vwlvinr or aHi~arsY optian~ tia~. puib~ or N~t und~r or Iry
~ Wrtw of thb and 11~ tull amount of ~h r+d ~wry wch pay~rMnt tl+rti b~ i t~ly dw and p~yable and ~hrl1 b~r inirnst
; iro~m tM dats~l~l~nof uAlf! paid st !h~ rs~a of tix nnd ~tanfhs ar c~nt ~r arrwm a++d t~oNthar witfi wch int~st sMl1 b~ s~wnd by !M
; ~ mn~, three
~ .
; 4. To pMmit~ conat~ft o~ aufhr no watR imp~ImwM a drterioratio~ of said propwty or any put ti+~nof.
` 5. it b!+~»b~r ~pecificsl1y a~rwd that any ~urn or wn~s wNeh m+Y b~ {oanad w advar+ord b~? the Mo~e 1o th~ Mortp~or ~t ~
tin~t aftK tM ~oc~dir~ of this ir~d~~tw~e. tc~al4wM' with irtit+~est tM.~or? at tht nh a~rwrd upon at th~ tims at wch b~n a sd~ano~, st+~M b~
~vw!!y saw~d wiM and hrw tM ssrrN priaity at the ai~i~ai b~btednsss. and bt subject w ~II tM t~nm ind pravislons of tNs :
, Praid~d. th~t th~~r~at~ arrwunt of prirwdpd oulst~din~ at any Nm~ sF+dl not aacMd an amou~~t pwi to tx?~ h~ndird ~nd ~
p~ir
~o
~
(130%) oi' th~ printipa) airw~int ai~ina!!y a~cw~d AN~b~r. .
6. Ta p~y iii ard sir~lsr M+a o~ts. elwts +~d ~qn~a..lntkd~~ i ra~son~bb attwn~y's h~ ~nd casht of abstratt of Mtle M-
wn~d or p~ at any Hme 6y s~id MORTCA~E or in tM rirer?t of ths fsilwe on th~ pan of tM s~1d MOR
i
vJ1GOR tc duh?~ P~a+~ptly '
~h w~m. ~xacut~, eff~ct. oompl~t+. cof~plY wttl~ ~~d aWde by rch and ~wry th~ stfpul~tiora. +~ra«~ts. ca+ditia~+s
• a e
d cnwrwnts o
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a~ o
r y no~a and t 1~
s mor~ ~ny or W h~r. and ~aid oosn. cFwps and tr~ues. ~rcf+ and ~wrY. sh~ll b~ '
knrn~dlaeely dw and pryable; wMtt+sr or not thero b~ notioM dan~and. stt~rript to coll~ct or wi . and tfit fuli arrroui+it of ad+ and t
~vay such payment shall b~sr intenest tram tM d~ta tt~nof until pald at`th~ rats of six and ~+~ir tentuir ~ a~itn; and atl saW `
cats. char~s and sxpar~ses so incw~rsd or Wid. toi~tt»? wiM such f~t~nat. sh~li b~ sacr+nd by~ li~n of tlds mortpq.
; 7. '1'Fwt W In th~ wrnt ot any ~ of tNs Me~a~t a d~fsuM on tM Wrt of th~ MOR7+GM'AR. or (b) in th~ w~nt .
nm?s of mo~Ny FMnM? ~hrnd to bir not p?anpfly and iuily p~{d wltN~ thlrty (30) d~ys n~xt after tha sam~ ~awalfy b~cotrw due an~d
payabb,
withour danw~d aK ++otic~~ o? (tl in thf went ~~ch and ~rey Mr stipulationz. aRseme~?ts. co~ditkx~s snd ooveMnts of sdd pranissory nort
and ti~is rnatppa~y or fiN+~r ~n not d~+h~~ ~PMY and fully paionr~sd, dtsehar~ed. sxowted. ~ffected~
+rWdad bY. th~n in +itiwr or ar?y wdti rvwnt. t!~ rafda~r~a H aum mir~tiex~d in ssid COr?~Pl~ted oonpiNd with ~red
•c~cn»d. M~d ailn~or~r: s~c~d hehby. strll bkane du~ ~nd 1~ iortfiwith. w th~roaft~e~st the then remsinin6 unPatd. with Intw+est
and oompl~t~ly as if all of the said aums of Rwr~y w~n airinsiw
~u~r.d ro~. o.~a or, wd, d.y. anythinz i~ saiid q~arN~ ~i~n
' th~s Mat~p t~o th~ oorthary nex witF~~; and theroupon w 1Fwrtsfter at the optian of sdd MORTCAGEE, without notie~ a danand,
; ~Wt ~t law or in ~quity~ m~Y b~r prasecutad as if all monks ssaxod har~eby F~sd mstured priw to its inttitution.
~ Q. Th~t in tM w~t fFrt at the bKin~ of w at aiy tims perdin~ any wit upor~ this Mo?t~aia~ or to fo~clo~ It~ or to nform
it or to ~r?fo~ paynn~nt ofar~y cWms Fwnu~~~ taki MORTG1~GEE sFwtt spply to ti~e tourt havM~ }wlsdlction ttwnot far th~ appotnt,riont
o~ a ReoNwer. sucb Court shsll forthwith appolnt a Recxiver. of saW mort~~sd ProPe~1/ all and sin~ular, Inch~n~ sil srd singula~ tha
Inconw~ Profi~s. iswa snd reverwas from wh~t~+rer source ds~iwd. ~ach snd ev~ry af wFukh~ it batn~ +xpr~ssh w+drrsrood. K lreraby nwrt~
~apd ss if ~clfially set Forth ud dstsrib~d in !M prantins and i»bend~xn cl~utes hereaf, and such Recelwr ~hs11 hsvt ail the bro~d ~nd
~ff~ctiw fw~etior~t snd po~w~rs in ~r~ywlte a~truslyd by • Caurt to a Recaiver, and wch appoihtm~nt shall be ~de by wch Caur4 as an
sd~nithd aquity and a nrtt~? of absolute ?i~ht to sstd MORTGAGEE snd wttf?out roferw~c~ tv t1+~ ad~q~~sey c+r M~sdsqwey of ths value of tM
P+'aP+~ty mort~s~rd a w tf~ rulwrwcy or knolww?ty nf siid MORTG/1GOR or tha defrndants. ard th~! wch eents~ Drofit+~. I+~tanes. issws
and ~ws sFyli ba ~pplied by such Reoefver aoc~~ to the lien or equity of s~id MORTGIIGEE and tfie P~~x of wch CouK,
9. ro duty. ~tb ~d fu~h? ae*~rm. ~h.?~. •~awre. eff~. c~e c~a~wiy w~th .~,a ae~de by .~d, .nd .wry tt,e sNp~.
litions. s~~rr~ents. tarxlitic~ns s~d ~nfs in ssW promissory rwt~er snd Fn tMs n~a~l~a~ sst io+th.
10. Ti~t tn tM svant tha oeMw~sMp of ths mortp~ed pr~nises, or any psrt tteereof, ba~tornea v~ted In s person otF+er thsn the
MORTGAOOR. th~ MORTGAGEE, its suoosssors and aniB~u. n+rY~ witl~out notioe to the MORTCAGOR. deal with such sut~or or suooesso~t
M Mtenst with nfKwtiot to this mart~s~e and the debt hsreby seaind in ths aame manner as with Mort~aRor without M sny way vittaH
or dbdtis?i1nL th~ I~No~'s l4bitlty hn~ur~d~r a upon ths debt Fier~by secured. IVo ssk of tFw Pnmises heret~y mort~a~ed md rw fon
b~rano~ on tM part of ths MORTCJ~t',EE rx ib ~sors or assipu sr~d no ext~slon of tfie time for ths psymsnt of the debt henby srwred
• `iwn by th~ MORl'C,AGEE or 1h st~toat~ors or assifns, shall c~penta ta release. diszharyM. +~octi~Y. than~e or effact t1~ wi~lnsl IiaWlify oi
th~ MOPiTW~,OR h~»in, .itF~ in whol~ or in psrt.
i l. It b ficslly aarwd thst Nm~ b of t1a ess~u~os of this oontrsct and th~t rw vwiwr or a~r oblipNon her~xdK or of th~
' oWi~ation srcwrd~r shall st a~y tin?s :~nafter be M!d to be e wsiver of the hmns heraof or of the (nstru+?~nt s~ausd hareby.
!N WITNE'S5 WFiERE#. th~ saW MORTGACAR has hsnrunto sst h!s ~w~d snd spi th~ d~y u?d y~ar firtt ~fonsdd.
St~rwd. SwNd a+d ddiwnd in prrs~nt~ of: •
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ST 1'E OF Fl.+ORlW1
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