HomeMy WebLinkAbout2219 And taid Mortgago~s, for themielves and theit hein, !egal repreientatives, ~uccs~aors and at~igns, h~reby pointly and tsv~r~tty cov~n~nt ~nd ~re~
to and with the said MORTGAGEE, ir3 ~~cca~ion snd assigns:
1. To pay •II and singular the principal and interett and rhe variovi and sundry iumt of money payable by virtue of said promissory not~, snd this
mortgaqe, each end every, prpmptly on the deys respettively the isme sev~rally becoms du~.
2. To pay all and •ingular the taxes, asse~sments, Ievie~, Iiabilitirti, obliq~tions ind ancumbvsntes of ~very natun snd kind now on s+td d~srr'rb~d
property, w that hcresfte~ may be 3mpoud, suffered, placed, tevied, or ~uessed iherson, w that hereaft~r may be levi~d or a~~ets~d upon thb Morlp~
sge, or the indebtedrtess secured hereby, ~~ch snd every, when due and p+yable, atcc+rdiny to law, befora thty betomf d~IlnqwM, ~nd bitfor~ any in»rot
artachea or any penalty 6s inc~~red; AND INSOFAR AS ANY 7HEREOF IS Of RECORD TME SAME Stletll BE PROMPTLY SATISFIED AND DiSCHARGED OF
RECORD AND THE ORIGIhAI OFFICtAt DOCUMENT (SUCH AS, FqR INSTANCE, TNE TAX RECEIPT OR 7HE SATISFACTlOPi PAPER OFFiC1AllY ENDORSED
OR CERTIFIED} SHAII BE PLACED IN THE HANDS OF SAId MORTGAGEE WITHIN TEN bAYS NEXT AFTER PAYMENT, and in itx tvcnt that •ny ih~r~of i~ nof
paid, iai~sfied and discharged sa'd MQRYGAGEE may ai any time pay the •amt ar any part thereof without waiving or affsctinq •ny option, lien, puiry or
.iQhr under or by virtve of thia morrgage end rhe full amo~nt of each and every iuch p~yrr+ent thail be immediately dua •nd payabl~ and ~ha(I bea? f(11~fff1
~rom ihe dat~ fhtreof unti! paid at rate of eiqht per ..a~.:vm pe~ ann~rr+ and royeth~r wlth wch int~rost shatf be ucured by !ha l;en of th:t morytag~.
3. To pl~a ~+d coe+tiniausly k~ep on tM bu~,,.:,.; ~.ww or F»rs~ft~r ~itu~» en aid I~r+d usd on at! ~qulpnwnt ~nr! p~rwmlly tovN~d by tHb mwrnp~
p~, wifh ~tt pr«niw.ru th~rea+ p~3d in fvl1, fin insvnnt~ in tl» ~w+l s!~ndnd po~icy form, Fn • rum app~ov~d by t}+~ MORTGAGEE, ~nd wind~t~m
}nwranp In fh~ uswl ~qndard poliq fam, In • i~m spprovsd by the N10RTGAGEf, in s~ch company or comp~nits a the 1~10RTGAGEE rtwy
dir~ch Md sll fErr and wirxhtorm insur~ran polici~~ ort ~ny of uid buildinps, any inter~st thersin ar p~rt ther~of, I~ ti+e ~rpot~ wm ~fa~s+id or
in ~xcni tMrwf, sMll contain th~ usual st~ndard moei9aqe~ cl~us~ or such oth~r cl~use ss tAe Mortyaqh may r~qu~r~, m~kfny th~ tots und~r uid polF
tiss, each and ~v~ry, p~y~ble ro s~id MORT~'aAGEE a~ its inttrest m~y app~ar, snd sach snd every ~vch policy ~h~ll br promptly iu.qn~d rnd daiiv~rtd to
•ny Fald by said AA08TGAGEE ~s funhsr aecurity to isid mor*q~qa debt, ~nd, not Isu tM~ ten (10) days tn adv~rxe oi tFw ~xpir~tian of e~ch poliry, tp dr
livst to wid MORTGAGEE s r~newal thersof, topetMr with a reteipt for th~ prrmium of such r~newat; ~nd ther~ ~hall hs no tire or wind~to~m inwr~nc~
pl~c~d on •ny of seid buildinys, any interest therei~ or p~n thereof, ~n!eu in tM form •nd with the los~ paysbl~ s~ ~foresaid; •nd i~ th~ ~vent ~ny aum
of money bacomes pay+bla under such polfcy or poticies said MORTGAGEE shall have tM option to rec~iv and apply 1M s~m~ on ~ccovnt pt the int~btsd-
nHa Mtur~d h~raby w t~ ~+l~rmit sa~d MOP.TGAC-(3R5 ta retaive ~nd use ft ot any part thereof for afhe~ purpotes, w~thout thereby waiving or impein
tng a~y ~quity, li~n or riqht und~r a by virtu~ of this mortqay~; ~nd in the ~vant Nid MORTGAGOkS shall for any ressvn fall ta keap th~ said pr~mi~es so
lrnu~ed, or fail to deliver promptly ~ny of ~aid policie~ of int~rarx~ ie taid MORTGAGEE, or f~i! promptly to pay fully ~ny premium thsr~for or in ar~y
re?pect fail to p~rfwm, distharge, execufs, affect, complete, tomply with and ~bid~ by thit covrnant, or any psrt hereot, ~aid MORTGAGEE m~y pbce en~
pay fw t~th irtturance or ~ny part thereof without waivinfl ot affectiny •ny optio~, lisn, equity, or riyht under or by virtue of thi• Matp~p~, end tht
full ~mouM of sach and ~vtry t~ch payment shslt be immediately du~ ~nd p+y+bl~ ~nd sh~ll b~~r intert~t from tM ti~te thereof until psid at the r~t~ nf
nin~ per tsntum p~r annum and together with such interost shail be secured by tM (i~n of thi~ morty~pt.
4. To psrmit, commtt oc suffer no ws~te, {mpsirment or deterior~tion of said prop~rty or ~ny pa?t therwf.
5. To pay ali and singul~r the co~n, charye~ •nd ezpanses, irxludinq • r~~wnab4 ~ttwney + f~e ~nd cot'~ of ab~tracta of titls, inc~rrtd o~ paid st
any ti+na by wid MORTGAGEE, becausa or in the event of the f~iivn on ttws F~rt o4 tht s~id MORTGe4GOit to duly, promptly uid tully perform, diuharpe,
~x~aute, effect, twr+D~ete, tempty with and ~bEde by tKh ~rt~ every tha ~tipulatio~s, aqr~emenq, conditio~e, ~nd covananri o1 aid promiswry net~ end thi~
mortq~y~ any or •ither, snd said costs, chsrye~ and expenses, each and every, ihall k» lmmediately due and piyable; whether or nat ther~ be notice d~
m~nd, attempt to tollect w suit pending; snd the full amount of e~ch and eyery such payment ~ha11 txar intnrest from th~ det~ thereof unti! pa3d a1 thv
tate of nine per centum pet ~nnum; and all aaid to~ts, charpet and axpenses incurred a paid, toflether with tvch internt, ~h~ll b~ s~etur~d by th~ li~n of ihis
rtwrtgaqr.
6. T}wt la) In th~ event of any breach of th~a Mortyaye or defsult on th~ part of the MORiGAGOR, or (b) +n tna ~vcnt •ny o4 said tums of mor+ey
herNn r~firred to be not promptiy end fully p~id within thirty (30) days nez~ aNer the sama savaretly become due ~nd psyrbla, witho~t demand or notic~,
or (c) In tha ~vfnt aeth snd every the stipulations, agreemrnts, condition~ and covtnants of ~~id promisaory note and this mort9p~ •ny or •ith~? •re nat
~uly, promptly ~nd f~lly performed, d~~char~ed, exec~ted, eff~cted, ~wnp!oted, compl;~d with and sbided by, tMn ;n sither w any ~uth ~vtnt tM aid a{~
prpat~ wm mentiorNd !n said promissory note ther, remainin9 unp~id, with inr~rat acsrued, snd ~11 moneys ~ecured he~oby, shell b~corr+~ dw ~nd p~y-
eb~e fonhwlth, a thtreeh:r, at tht option of ~aid MORTGAGEE, as fully ~nd completety u if al~ of the uid wm~ of money wan ori~inat(y ~tiput~t«f
4o b~ paid on tuth day, sny4hinq in :atd pror.+iisory nota w in thi~ Mortqag• fo th~ cantrary notwithftsndinp; •nd therwpon w thersah~r ~t the option of
s~id 71AAORTGAGEE, without notice or demand, ~uit rf taw or in ~quity, tlwr~Fwe or thsre~fter bpun, mey be pra~ewtrd ~s if ~11 mo~eys sscund ha~~aby
/wd rrwtured priw to its instit~tio~.
7. That In the event thet at the beginnirtg of or ~t •ny tima pending ~ny iuit upon thit Mortqege, or to for~close 'rt, or to teform lt, or to snfora~
p~ymrM of •ny cl~im• hereundar, teid MORTGACsEE shal! appiy to the Court havinq jurisdistion thersof fo.r tM appointment of ~ Receiver, wch Court shall
forthwith ~ppoint a receiver of said mortpsqed property el~ •nd iinqulsr, incluc~r+g ell and tinqular ths income, profits, iatuN snd r~vanuof from whatawN
i~urcs deriv~d, each •nd every of which, it beinq expreuly u~der=tood, i~ hereby rr~ortyiyed a~ if specifics~ly fet forth ~nd descvibtd in the yrontlny ~nd
hab~ndum clausss hersof, ar~d such Receiver ~h~ell have all the broed and effsctiv~ function~ snd powera in ~nywis~ entrusted by • Cov?t to • RswivK, ~nd
such appoiromsnt shall be msde by suth Court et ~n +dmitted equity and ~ mrtt~r of abwluta riyht to uid MORTGAGEE, ir+d wittwu4 r~f~r~nts to tFu
~leqwty w inadeqwcy of tha wlve of the property mortga~ed ar to th~ solvsrycy a insalvency of taid MORTGAGOR w tM def~nd~nts, ~nd th~t wch
r~nt~, profits, income, iuuas and reven~e~ shall be sppli~d by wth Rsceiv~r ~ccardlnq to tM lien or equity of said MORTGkGfE ~rrd tM p~~rt+ca of ivch
Court.
8. To duiy, promptly and fuliy perform, efiecharge, execute, af4ect, complete, comply with and abide by ea[h and ~vtry th~ ttiputatio~l, a9ra~?Pf,
to~dition~ end cov~nanh in ~aid promiasory note snd thi• mortpafle tei forth.
9. Yh~t in tM svsnt the ownsrship of the mertpayed premises, or any p~vt thereof, betomes vettad i~ s person other th~n tM NIORTGAC+OR, tM
? MO6tTGAGEE, ita tuccesson +nd ssiigns, may, wi+hout rroTite to fhe MORTGAOR, deal with wch s~ccessw o+ wtces~or in inttrest with refannc~ to thi~
~ mortpsp~ snd the debt Mreby satured in the sam~ m~nn~r ss with Nbrtgsgor witFwut in any way vitiatiry o~ ~diuharginq thei Morty+QOn' (tability tkrt
k ~ tmd~r Or ~~,on tM debt Mre'oy tecured. Mo ule of the pnmisss hereby moriqsqed •nd no fo~bearance on the p+rt of tM MORTGAGEE or it~ ~utcsasan
w auigeN ~nd no ext~alon of tt+s time fw the p~ymem of the dabt hereby secured 9ivan by the MOR7GACrEE or it~ successors or ~s~iyru, ihail op~nt~
~ b nl~w, d'eitio~r9s, rtwdify ch~r~• or stfect tht oriqi~+l lisbility of tM AApRTGAGOR h~rein, sither i~ whoie or fn part. w
10. It b~p~c6f'scstly ~pnad that rime is of tM su~nc~ of tfii~ contr~tt and th~t no waiver of +ny obliy~tien hsrwnder rx of th~ ablip~tbn te• ~
twrd Mr~by ~!-.all •t ~ny tirti~ tFara+fier bs held to bs ~ w~ives of the Nrms htrwf ot t+f the inurument secured hacby. ~
I1. In additiorr to tfi~ for~oing ma+thly paymenh of princ pal ~rad interett required by the ~somisaory nott sacured hareby, mortg~yor cov~irsri
E ~nd pr~p 4o Fsy ta martpiqs~ witfi each monthly payment an sdd~tional tum e~timated by mortg:gse ro be eqva! to 1/!2 ot the annval cwf of th~ follaw-
inOc ~
A-AN fNI pfOPflT~l t+xee kvied or ~isessed afleirot tfie •bov de~cribed n~l ~ststs. ~
6--9rtmiums on fin arul windstwrn insuronte ~a herein requir~d to 6e tarrisd on th~ improvemtntt ~ltuate on tM akwve tfesc?ib+d prtmi~es.
C-fnrr+iuent or+ svch mortysfl~ quaranty iniursnce ~t mertgaqN th~ll frwn tims to tima de~m f'rt ta carry on the brn setured 'nsrrby.
AAortysq~ ~h~ll from tima ro time notify mort~agor in writ+nq of tfie imount dua and paysbl~ herevnder ~nd ~uch aum shall ti»ravpon b~ d~~ and
pry~bf~ an t?w dw dste ef ihe next monthly psymant ~nd easfi succesaiw month thensfter ~ntil mo~tgapee shall notify morty~gor of a tM~ in sucf~
amc~m. Suth sur»s ~MII b~ applied by n?o~ty+pn row~rd TI» paym~nt of r~~l proptrty tex~s, insursnte premiurr», uid mortpopt gu~~+~ry/ i~wr~r?p
pr~rniwns.
~ IN WITNESS W1IEREOF, Hw ~aid MORTGAGOR ha~ herwnto tei hl~ hand and se~l the d~y Md yeer first afors~aid-
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