HomeMy WebLinkAbout1836 I'OGETHER WI'TH all additions~ replacesnents and improvements to any of thz
foregoing~ and all and singular the tenements, hereditaments and a}apurtenanca~
thereto belonging, and the rents~ issues and prafits thereof, and also all the
estate, right~ title, int~rest~ hort~stead, dower, separate estate~ possession,
claim and demand whatsoever~ as well in law as in equity' of the said i~brtgagor
in and to the mortgaged property and every part thereof with the appurtenances,
specifically including a11. rights arki equfties of rede~ption, all of which are
her~by expressly waived. (Al1 of the foregoing, whether consisting entirely of
real property or entirely of chatt$ls, or of both real property and chattels,
is hereir~ for convenience called the "mortgaged property").
, TO HAVE ANU TO HOLD the said martgaged property and every part thereof
unto the Mortgagee forever.
PROVID£D ALdVAYS~ and this mortgage is on the express condition, ttiat if
~ the Mortgagor shall pay or cause to be paid all ~f the money5 n,~ntioned in said Guaranty
and tl~e interest thereon~ all at the tiuies and in the manner as
therein agreed to be pafd, according to the true intent and meaning thereof, and
~ shall pay all other sums pxovided to be paid by this mortgage, and st~~~~?e~form
and abide by all the covenants and agreements hereSn and i~? said ~e o`~~~'tned,
then these pres~nts shall be void and the estate herein and hereby granted shall
cease arxi determine.
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A1~ SAID MORTGA~OR does hereby covenant with the Mortgagee that said
t'Artgagor, at the tiroe of execution and delivery of these presents, is the
absolute owner of and in possession of saic~ rrortgaged property; that he has a
goad right, full power and lawful authority ta cornrey the same in the manner a~d •
form herein set forth; that said property is fres and clear of all li~ns of what•
ever nature, except as specifically mentioned herein, and Martgagor fully v~arrants
` the title to said praperty ar~d will defend the same against all lawful claims
and demands except from the warxanties contained in the encumbrances h~rein
~ speci£ically set forth.
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AAID THE MOffIGAC'#t daes hereby further cavenant, promise and agree with
i the 1~4ortgagee, its su~cessors and assigns~ as followss
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f 1. Mortgagor vrill not comtnit any waste, or weaken or ia~air the securit;
° af this acortgage; will pay, paior to delinquency, all taxes andd assessr~nts iavied
or ia~osed on said property; will kesp the mortgaged property insured in such
.~,anner and in such amounts as Mbrtgagee may require; ~nr] will not remove any
chattels, if includ~d fn this mortgage' from ~ih~ premises where they axe now
5ituated, without Mortgagee•s written consent.
2e In the event of suit ta foreclose this ~nortgage, Nbrtgag~e shall be
entitled, as a matter of right, without regas~d to the value of the mortgagsd
prop@rty nr to the solvency of Nbrtgagor, and without notice, to the appointment
o; a Receiver of the mortgaged property and the income and profits thereaf.
3. in the event of bbrtgagor's failure to pay taxes~ or to keep the
premises insured as required~ Mortgagee may, at its option' but is not requirec~
to, make such payments, and the sums~so ad~ranced ~hall be repaid by Mortgagor
wi.th interest as provided in the ~lotl~;a~~ ~aid sums so paid by the ~'?~ortgagee
shall be secured by this mortgage.
Guaranty
4. In fi~he event of any default in the terms of the or this
mortgage, t~ortgagee rtiaay, at its aption' declare the w~?a3~ irx~ebtedness secured
}~,ereby to be immediateiy due and payable.
5. That no extension or mtsdification of ti~e paymsnts to be made as here~
'_r,ahove set forth~ and no r~lease of any part or part$ of the ax~rtgaged propex~y,
or of other callateral securi~g the above described indebtedness, even though
.:-.?de without ca~nsent of ~th~ Mortgagor, shall. release, reaieve~ or discharge the
tr~rtgagor from the pa~?ment of any sums hereby secusedi and Mortgagee shall have
=he right to release fraau the lien hereof any portion or partions of the mortgac~QC~
~xoperty, or athPx collat~eaal he~d as security for saad ic~lebt$dness~ irre~pective
~f the valve of the released partion, wi.thout affecting the lfen hexeof as to the
portion or portions nat released, notwithstanding t~e fact that such release or
r~lease5 may be made wi.thout knowledge or cansent of the Mortgagor, or of any
Grantee or Grantees of paxtions of such property theretofore sold.
C R c)~
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