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HomeMy WebLinkAbout1709 . ~ ~.r ~....+f.~ . .-o•e~. . z r . i. . .r~ .wY~.airw `S 1Y~:: '.re•' v •a 'MV' •~.wr...w~..~~~ ~ _r...-........._ . ~ T . ~ro anvs wrm ro ao~ w.~. ~~a aT*.aa p:...i.~. a.o~ w. ..w ~oaraACg~ .~ri ' ' . ~rd ~ua1~~ i~n~. Aad !~s a3i YO~?QA(iOS !or *~~..~:,r. ~irs, +~eutoty. adsiei~n?t~orr aad u- . ~ 4t~ eNa~a~t~ Nti ~ ~d YOINltiA(i~s. ie~ saewrwrs ~d ~A~t ~lij !!Z'• ~ . Lwltily~ M1a~d oi tM ~ D~~ b!~ ~rspi~i ilu~t t6e ramt ~ tr+~. e~r wrd att-chNtr~sd irap all INns ar?d ~u-• e+~~~ is laMr ar ir pok~. ~d :~~t t~p wtll ~ w~tr~wt aad dK~d t6~ tltM ~o tM s~mr to t6~ ssid YORT(iA(iltiS. i!s saec~ro» sod u+1pu iorever ~inst.tM Ir~r- tW el~iwai r~d d~ad~ ad ~11 pa~oew. PBOVIDeD. ALWA?S Wt if f]w l[OBTGAGOR ahallpa r~ uaW tL~ YOBTGA(i~t tb~ pxomiaoe~r not~ h~rsinD~- ~a lozs dMesib~d ~?d sMll L1"W7~ P~~ ~~4 P~os'm. diachnrta. a~nenb. eanPleL~. ~ampl~ ~rith aad abitM by sac6 aad ~~tr~ td d1W~4~oq~ a~rw~s~s eoudittioar a~d oo~ant~ of ~wid Proati~avrf' not~ a»d of tDis Hal~t~+a~e, tlw~? thb lioet~ rud t~ Srtap ~r~ erat~d rhall e~aN and bs null and rotd. IT I8 ONDE1tSTOOD tb~t ttir word w6rl~es in tbe ain~ul~r or plnral bar~ in t.~is 1[0rt~ shat! b~ aia~nlar it ow oa1~ sad ~6R11 b~ plnrw oiatl or sererall~ if mo~r~ t~snow, and~t tb~ word "TMir" aa wd ia~w~ in t]~is 1[urti~ ~ll b~ Lbn Lo t~sa "Mr~" or "ib~" wbtr~tsr t~ ooatsxt so impli~s or sdmils. Aiw. tLat w~rr~ne t~~ ia s r~t~:w~ in t~ conuanLr ~nd s~neemeab Mr~~ ~aWned w any oi ti~ bsrito. t~lre raaa ~hatl M ooastru~d to n~esn as ~nll the 1?air~. 1a~a1 rePrwantatdnes, s+ioorron aad ~~u (sit~r~~otua4~ ry by aet oi tbs ~or taroinntaq by opsratba ot tbs law) ai tLs ssms and t~wt tb~ oovenants benin cantained ahall bind a~ad tl~ ~nd adraat~es innr~ to tks raspective bsirs, 3a~a1 rsprasatatira. snecsaron snd sasi~ur of the - ' p~rties ~reta. - .y?d ~sid YortRa~ors. tor thee~sdva~ ~nd their beire~ ~ reprwntaLiww. an,oaes~azs and wi~as~ herebr jotntt~ .and r~~reraU~ eo~m?nt and atres to ~nd w~ilh t6e ~aid 1[OBT AGEE~ itt so~s~ori aud assitna: l. To p~ M!l ~nd si~lax !M psinciyal ~ad int~sr~t and t~s ~?rious snd ~nndry sums ot monq W?Yabk by rirtue of wid promiswr~ aa~, aad this mortsa~e. ~ae6 ~u?d e~ary promptl~r on the da~s respsctiwly t~s s~ ~erersUy becnms dw. To psr sll ~»d da~dax t~ t~M. a~o~ab. l~ries. liabilitiea, obl tions a?d ~ncwmbr~ncM oi m~tur~ aad kind ew~r ca qid d~ribrd Pra~perti. ot tiu?t bs:wtlsr msy bs im soflse+~d~ Plsc+sdr k~Nd or ~ t~erwn or !]u~t 1Mtwlar aWr b~ In~d or asre~Nd npon thia Yorts~a. or tlre in ssenred Mxeby~ ~h snd e~rY~ -~r6~a dw and ~eootdiax to law, bdor~ becane del ;nd bafore sr?7 ine+~rast at~taeb~s or sr?7 Pen~1t7 b inensr~d~ rndnd ~ar ~u aa~ t~oi ts ot x~eo~ths ~anw~ s~bep romptly antiafiad ~d dise~~ os r~cord snd t}M o adtfci~rl doeqmwt (r~h ar. tor Llw t~ ncaipt or LLe sdidaction paper oftklalTj endorssd or c~rif- t~j~s6a11 b~ plae~d i~ !b~ h~nds o~ ~aid Y~~OB~'GAGEE wftl~in ten dwr ne~t attsr w7ment, sad in the ~reat Lhrt sny t~trroi L mo~t pa.,., wtlstird ~nd dis~h~rt~d, riwid l[ORTGAGEE may at sny time ps~ tl?~ s~ or anyp~ thax~eo~ wttb- - o~t wai~ or aii~etint an~ option, li~. ty ~ or rigbt undar or by virtua oi thfs 1[ortas~tr~ and t~r~ 1uD1 amonnt oi sach and a+rsry snch finent aball be i~nme~t~ely dne and papsble Rnd sbsll bear tnterest irom Lbe d~te thereoi nntii t~his mor~t~s~ °t aisht (89'0) per oantum por rnnum ~nd to~+ether v?ith snah intcrest siu~lt ba secused by tbe tien ot 3. To plaq and canlinnonsly keap an t6e baUdings now or hereattsr sitwtsd on uid laad on alieq uipment andpe r- wnalty~ eo~ersd by this mottaa~ with ~I! premiums thereon paid in iull, tire insursiude in !6e usual st*ndard policy form, fn •~mon ay~pro~sd br tbs 1[OBTGAGE£~ ind tOrnado ~usut~~e iA Chs llsuil sf~ridwTd pt)lky fosql~ in w suna sp- ptoerd by tIM Y08'1'GAGEE~ in snch eompany or companies ~e tbs YORTGAGEE may direct, snd all iire usd tornado ~ iaenzatiat polle o~ at~ ot sdd buildinQs any. intereat tboreia or purt thsx+soi. in tbs ~~te sum afores~id or in eu- o+ss tbaroot ~ oa~L~ia t~e osual stsa~ard mort~y~ce clause or wuc6 ather cle?nse asathe ldOBTGAGEE mxy requin. ~ makIn~ t1N ~ws qad~r said pol~iea, e~eh and evsrY, Psyabk to siid I~ORTGAGE~ iu its interest may •ppenr snd each and wery sncb polie~ ~Lsll b~ pr~m y aasi~nsd ~nd delirored to and 6eid br said IdOBTGAGEE as iurther security to ssid mort~a~ debt snd nat iess ~ ten (1Q) dsys ia adrsnce oi t~ha axpintion Ai esch policy, to deliver to uid ' ~[OATGAGEE a r~newal thsreat, toQet~ter with u reeeipt. tor tha preminm oi sucb reruewal, and tbere shall be no iire or tornada insnrsna plaoed on Ray of ssid buildinas, wy inxorest tLereia or part tberaot~ unless in tbe iorm ~nd with tb~ lo~r yab~ as storessid; and in the event a~ny sum of mo~y b~es psyable w?der such policq or lieies ssid orps MO$TGAGEE shsll ha~s ths option to receive ~nd apply ths osme on account ot tbs indebtedness aeeured nby or. to peranit uid a[O~TGAGOBS to receire aad use i! or anqpa rt t~ersof ior other pusposea ~rithout ther~eby wsivin~ o~r fm- pairlo~ ~re qnity~ 1Na or rt~ht nnder or b~+ virtue ot thb Mortgap~e; and ta the event said MORTGAGORS shali ior anr reawa fail to keep t!N ~aid premiiee rc insuebd~ or fail to deliver promptly any oi said policies oi in~urance to uid ~ MOETGAGEE, or tail pranDtly to Ds7 taliy +u~7 Pramiam t6erefor~ or fa sny resD~ fail to perform, dischsrg~e, as- ! ecnte, etlset~ canaplete, eomDly wltb ru~d abidee by this covsnant, or any part hereat~ eaid MqBTGAGEE msy plsce snd ( psy for sach lu~usancs or an psrt thereot aiWout waivin~ or affecting amy oytion~ lien, uit , or riaht nnd+er or by u~ ' y ~ ~hall bsar ~~te~t tro~i thi da~~ t.~sr~f~uattll pai~d atAthe rlt~e ofeight~(8%'0) per ~nt per annyum~and tog t~r ~~'tah ~ such iaterest sbaU Ds secured by the lian oi this mortga~e. To psrmit, coanmit or anffer no waste, impnirment or deterior~?tion oi said property or atig part ther~+ot. 6. It ia b~relty ~pecfiieaU7~~( thst any sum or swsa which may bs laiuned or sdvanced by Lhs Mortgs~es to the : l[o r at wny t~me. alter t~s recordin~ oi Ltris indenture, toRst~r with intere~rt t6ereon ~t tbs rste ~ytres~d nqon at tba~ai such lo~a or ad~sna sLali bs eqnslly ~ecured with and haro tbe ~ame Driority +~s the ori~inal indebtedne~, + ad ; and b~ snbi~ct to all th~ ttrn~r amd prosLioni oi thie mort,~ge. Providad, thnt the ~re~~te unount oi principwi onL~ ~ st~adi[~ atany~ tima alu~li net aseMd aa amount eqnal to one hundred ead fitty per esnt (160 g~ ) of the priaeipal ; r . amoant oriR~?111 rsenred 6sreby. .Y 6. ~o Fsy s31 wd ~in~ulaz t~e co~ta, e}urses snd inclndin~ s~ rea~ble rttoraey'~ foe and costa oi ab- stract ot titM incnr~wd or paid at au' time by said l[Ox GAG E beesns~ or fa tLe event of t]~s isiluxe on the psrt oi t~ ssid ItOETGAG08 t+~ dnl ~ praaaptl~ ~ad tallype riorm, diechar~e, e~cecn+tae~ eftect, coraplrte~ eomply wit6 and ~bide by each sad nery tbs atipnla~oaa. a~resment+. eoaditions sAd cov+enants of ssid promiswry aots ~ad this mo aAy or oitber, and said costs, ebar~es snd ezpenssr, •aeh and ever~r~ shall bs immedistely dne snd psy+~bla; whe~ or not there be aotio~, demrad att~npt to eoll~e~t or mit pnndin~ snd the fuIl rmount oi each and avery such payment sL~li bsar int~nst tcam t~e ~te t~errwt nnti~ d st tbe rate o~ ei~bt (89~'0) per centum per annum, and ~11 said coata, char~s rnd +e:penser w incare~d or pai~to~ethar w3th such interest, sh~?ll_ b~e_ socured by the Ii+en oi thin mort~s~e. Thst (a) in th~ ersnt of a~s~r breach o1 this ffiortgxte oi ~ef~ult oa tl~e part ot the M08TGAG08, or (b) in ths ' event sny of said tums of naap~Y heaein raian~ed to be not prnxnptly u?d fully p~id withia thirty (80) days neut atter tbe snnne aeveral!y b~co~ dn~ aad paysble witLoat demand or notise, or (c) in tbe event each aAd every the atipulationa, pQl'!!IIflAti, sonditions and cwveaants od ~sid proeaisao note snd this mo aay or either are not dul , promptly !t0 0 ' rt~a~e and fully perlornwd, di~efi~rnd. u~eut~d~ eli~ct~d, eompkted. compl~d wltL and ~?bided by, than in eitbsr or any ~uch ~ evsnt, tbe raid a~s~ ~ Y~ smp ma?tiaard in safd praeni~wt~r note tMa remainin~ napaid with interest accrued, and ~fl moneys seeared be: •3br sh~ll bec+oaK dus snd parRble fortbwiti?, or tbsnatter, at t~he optioa o! uid MOB'TGAGEE, ar tu11 u?d eanpletely ,~r li all o! tM wid wms ot money wsre o y stipnlsted to b~ paid on sucb day, i.nythin~ in ~A ssi~pr~i~wry nots or fn this 1[ort`ats to ths coutrary ~twi ndtns; s~d t6ereupon or therealLes at the optioa ot ~nid IdOxTG,AGEL, with~ut aatiea or d~maad. rnit at law ar ia pnity, msy b~ prwacnted as if aU mouies secured henbr bad matund prbr Ro fts ta~iiLntioa. 8. That jn tlw went i~t si tM bpinnln~ ot ar ~t any ti~s pendin~ an~+ sait upon thb 1[ort~a~a, or to torecl~ ic~ or to refona 3~ os to atfosr.~p~?~rment oi an elala~ Lereuader~ u?id l[ORTGAGEE ~bsU.appiy to tbe Caurt harias jurisdiction lpsreot tor tb~ appo[ntansnL oi a~iv~r~ wicb Court s~sll torthwitJ? aDpofnt RAOSiver~ oi s~id taort- KxK~ p*~P~rt~ sll and atnsulsr includias ~U aAd ~i~l~ar tbr incaaM. Profita, irsws snd r~r~aws tram ~vhatever wuree ~irri~! each ~nd swty? oi w6k~?, it bein~ uptr~asly nadrr~tood. Is bsraby worf~a~ed aa it sp~cifkalir x~ tortii ~r?d des- rriLed i» ibe *rsutfas aod 1?sbei?dwe clawa }?~reoi~ u~d s~h Rec~iver shnil hare ~U the broad u?d efiective lnnctioas ,.nd powers in anr.vi~r .ntrnst+d by a Court to a Rreei~r.r~ and sueh e~ppoinxmeat sbalJ i~s mad~ br such Conrt ss an nd- mitteei equity aad a a~atter el~bsolnta rjsLt W said l[O$TGAGEE. ~nd wiLiwut x~eteren~ to the adpwey or iASd- cwuary uf tA~ valw ot tia propertr mortaa~ed or to the wivency or insol~ency of ssid 1[O$TGAGOR or t6e d~f~odanta~ u ~nd tlwt xuel~ nnts rotits, iu~o~s. iuuas ~ad r+ewaws ~Lsl1 be applied by sncb Reeeires ~?ceardi~ to ihe liea or equiLy ~,f ~+sid Mt)RTGAG~ axsd the pr+~ctice ot sueh Court. ~ ~ goa~ 1i5 5G7