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HomeMy WebLinkAbout0908 . _ _ ~ - ~ ~ . _ - _ , , , I ( i li and the Mortqayoe lurthcr coi~enants and aqrees as fo!/ows: ~ ~i li ~ ' 1. 7~o make all payments required by that note and this m.ortqage promptly when due. ~ ~ ~ To keep scrid mortyayed property ~uhere it is r~ow located, as shown aboue, un(ess written per- ; ,i . . mrssion is yiven by the Morr~;:,,~ae to move it !a another place. i' I i 'i 3. To pay all taxes, assessmenrs. liens and encumbranres on said proper[y promptlu u-'hen due. If I they are r.ut promptlU paid, the Mortc~ngee may pa_y them wrthout waiuinq the option to fcxeclose, and suih I payn;ents with i~~terest thereon from the cl~te of payn~ent at the same rate as specified in that note, sha!! Utso ~ ~ he secured 6y !his m.ortqaye, ~ 4. To keep said property u:surecl uyuinsr thelt and dam.aye by~ fire or other c~asualty and with extended coc,~eraue in the sur.~ serured hc/ this n~ortyaye, by an ir~suror satisfactory to the ~ylortyayee, the insurunce po(icy to be h.eld 6y and payuhle tc~ th~ .lf~rtua_yee. !f th.e ;l9ortyagor shall not do so, the :~~ortqayee may ~ do so without c.vaivinv the option to foreilus.~. und th~ cost the:eof wit;~ interest thereon from the date oi ~ ' payn~ent a! the same rate as specified :r! thnr ~~ote shal! also be secured by this mortya.ue. /f any sum be- , comes paUabfe under such policy. the ~ilortuaut~e m.ay apply it to the indebtedness secured by t.his n,ortyage. or may pern:it the ~lortyayor to use it for oth~r purpvses, without impuiriny the li~-~ of thcs mortqa_ye. i To cvmmit, per~»it, or sufler r~o tuuste. impairment or deterioration of the mortqay~d property. An~l the :tlortyau~r covenants ar.c; aurees tha! the property descri(~ed ahave shal! be desiqnated and remai?~ E as personal propertt~. and in no ever~t shall becc~n~e vr be considered fixtu~es or a part of realty. i 4 ~ 6. 7~o pay all e.rpenses rr,~tudinu recsonable atrorneys' fees, reasonablu inctirred by the 1~fortyayee because of the failure or the ,~~~r:,~~iuur tu ~onlpl4 with the cvuerrar,ts in said note or rhis mortqaqe. 7~he cos~ thereor, u,~i,h interest ther~vr. frc~rr~ the ~latE of ~?c~yment at the sar,~e rate as specified i» that n.ate shal! aiso be secc.rec~ i~y this rr~ortcra~~c. ; 'i 7. If any payment proc~ided iur ~,n saicl not: is r~ot paid promptly when due, or in the event ~i de- ! fault ir, the compl~unce u.'ith a~~y c~ti:er trr~r?. ~on.:tit~on or coveRant af this mortya-~e or said note. then ?h:~ ' en.tire unpaid principa! balunce ~fu; uccrurd interest shal! in.tmecliately become due' and payable forthwitn, or thereefter, at the oFtion oi th_• .tfcrtuacree. and tne ,lfortqa~~ee may foreclose this mortyaue in the rnan.ner ' provided by lew. and haie the pror~r;c~ s~(d ta satis%c/ or apply on the indebtedness, sums, costs and ex- j penses hereby secured. ~ ~ ' I 8. In fhe event. the propert:; aoov~~ described. o- ar.u part thereof, is sold or in ur.y u.'ay encumbered. ~ 6'olunrurily OC t/?C'O~L1t17QCil!/. :Ctlj7i~ii: Ci'itli?77 Q~~);~iL'J~ i)f (f1Q Mortnayee. this rnort~;au~ (IR(i Q~t .iCIn7~ ~ secured therebu. shalf im.n~~~clia'~~(y nt~,~n~< <1.~~' ar'~i ,~:tu~rbCe forthwith. or therc~alter, nt tf~e option. oi the E :1~ OCI CJCQP?- • ~ 9. Th.e rents and rr~~;i,~ c-' the mnrr~~ci~~ec~ ~ri~pf~rtu ;;re vlso hereby mortuayed, and if proceedinus to foreclose this nlortc~aue shull h~ :^~rituted. rh~ .~fortcnr,;<~ ,hnl! ha~>e the immediate riqht ro hat,~e a court of i conapetent jurisdcction Cl~~(~:I7i il ~t';~tC'PC F}?t ^'(>r7:;~7:!E'cj (1CU~PCIL/. Qt]t~ Qp~h~l/ 1j705P f~h(S CI/P[l~ ~fOfICS IO (f7P su.n~s hereby secured, ret!ar<3!c~~ o' ti'r snte~~n.cu ui th~• .~forroaUOr or the adeqe~acy of the security. ~ :tlc;rtuau~~r" and ",tfortqaqee" include af1 pvrties to this instru- ' i ti. l~'her~ever trs~>d '~t-r_~ir il~r ierrT~.; ' . ment of ~~~hctever uender, thc• ~ir~:1c:(ar to in.ifude the pluraf ~~~here applicabl~ and the heirs. iequl representa- tivts and assiUns of ir~ci<<:~ctuvl~. nr~cf successors ar~d as,<<rns c~f corporations. ' i i ; . , , ~ i ~ ~ , ; ~ • . ; ~rD~zo u ovES, z c: ; - . ; ~ . ~ ~ ~ , - , , f f y ` _ = f./~~ - i r:~r.yL ~ _ ; z~~s-- ~ . ~ ' -t ~ . . _ ._J J~hn Merk, r^r°es. - ~ ` - - _ - - - - _ ~ SF. AI i ~ , . _ i ' ,~j~ _ (Sf:AI,! ~ ---.,.~'-=zc . ~~~SJ _ _ - _ _ - _ i r x I ~ ht~~~: ~.~.i~.~ ~ i ~I