HomeMy WebLinkAbout2334 And •aid Mortgagois, for th~mselves end ~he~r heirt, lagsl r~pres~nt~tives, ~uccestors snd a~~i9ns, her~by jointly •nd ~~v~r+lly covers~nt ~ne! ~pr~
ro and wi~h the u~d MORTGAGEE, ~H succe::ors snd a~~~gns:
i. io psy ~!I end tinQvt~r the prir?c;pal and interest a~d th~ va+~ous ~nd wndry wms of mw~ey pay~bl~ by virtve of said prtxni~~ory not~: ~nd tfiii
mer9aga, each end every, prom,~tly on ihe days tespectivaly thr aame ~w~r~Uy t»corr,e dw.
2. To pay •nd •in9uiar the taxef, esae~sm~nt~, I~vie~, liab~iit~es, oWi9atiom snd e~cumbr~nta of ~v~ry nat~n ~~d kind now o~ aaid dbcrib~d
property, or th~t hereafttr may b~ impotrd, auffined, placad, Irvisd, or su~sted th~reon, or that h~n~it~r may M lavi~d or ptni~d upon thi~ AAortQ-
~fl+e, or il+e Ind~btcdness iecurad hereby, ~uh ~nd ~v~ry, wh~n dw ~nd payabl~, accordin9 to law, b~fort they b~com~ delinQu~r,f, ~nd b~fon any fntK~»
anaches or •i~y penalty ~s inturred; AMD INSOFAit ~iS ANY THEREOF IS QF R:CORD TNE SAME SHAIL DF PROMPiIY 5AT15FIED AND DISCHARGED OF
RECORD AND THE ORIGIhAI G~FFICIAL OOCUMENT ISUCH A5, fOR INSTANtE, THE TAX RECEIPT OR THE 5ATlSFACTfON PApER OFFICIALIY ENDORSED
UR CERTIFIEDj o~1All BE PLACED IN THE HANUS OF SAID MORTGAGEE WITHIN TEN OAYS NEXi AfTER PAYMENi, and in thf event that eny ther~of is rtot
paid, sat:sfiad and d+acharged sa'd MORTGAGEE msy at any time pay the •ame or •ny pan thereof without waiving or •ff~ctinq eny opfion, li~n, puity or
.i~ht under or by virtue of this mortgege •nd the lull amount of each and avery ~ucFr p~ymrnt shall b~ immedl~tety dw ~~d psy~bk and ~hal; ba~r imtr~~t
~rom the dste thcreof unNl psid at rate of tiphf pe~ cenrum per annvm ~nd toysth~r w~~h such ~nroreu ~h~i) be setur~ by tM lien of th;s morQtape.
9. To plaa ~nd oo~ttnuo~s,y ks~p on Mw bvildirrpra now or AKMflM idlLlt'a OR HId IaMI ~nd an ~II aqulpm~nt snd pawrslly cor~r~d by thl~ mort¢
p~, wtfh ~II pr~miurru thtr~on paid ih full, fir~ iniur~nc~ in tM wual standard poli=y form, in ~ tum •pproveti by IM MOR'GAGEff, snd wlndstorm
Inw~~no~ tM vswl ~tandard pnlicy form, In ~ wm ~pprovtd by tM N40RTGAGEf, in iuch company ot comp,rniw ar f?+t AtORTGAGEE mry
dirMt +~+d ill fit~ s»d windstorm insur~~s policin on ~ny of Hid build~nq~, ~ny int`rnt ther~in tn part ther~of, in tia y~yrpat~ ~um ~fwa~id a
In ~ap~a tMr~of, ~II conts{n ti» wual st~nd~rd maty~9e~ el~u~e or wch otMr el~usr n the Mortysqw may nquin, malte~y ttw tosr u++d~+ riid polF
cia, ~ath ~~wry, pay~bt~ to uid MOR~GAGEE aa i» infsre~f m~y epps~r, ~nd sath •nd w~ry i~ch policy sh~ll be promptly sss,gn~d a+d d~livered 10
~ny Mld by ssid 1NORTGAGEE s~ further asc~rity to uid mor~paq~ debt, ~nd, not Na~ tMn ten (10) day~ !n adwnca ot th~ tzpiratiwn of Nch poliq, to dr
liwr fo t~id MORTGAGEE a ~en~wsl thereof, fop~th~r with r rcc~ipt for rhr prsmivm of tuch rtnew+l; ~nd th~r~ ahsll b~ no lirs or windsr~m ins~~ra~c~
pla*d on ~ny of ~aid buildinqs, any interaat tfier~in w pert thertof, unless in tt» form •nd with the lo~f payeble aforefaid; ~nd in tM ~v~nt ~ny svm
of monay b~tomt~ pay~bl~ under ~uth pollcy or poticies said MORTGAGEE shai: ~:v~ tF,i opt~o~ to raeive •nd apply the t~ma on •ctount of tM indebred-
rnu ~:ured M~aby or to parmit said MQRTGAGORS ta receive and up i1 or sny part thereot fo. other purpose~, wifhou! thereby waiving w impa~r-
qq My p~ity, ~l~n or ri9ht ured~~ or by virtu~ of this morty~q~; ~nd in the •vent uid MORTGAGORS tifi~ll for ~ny rsswn f~ll to kerp th~ said premiser a~
irn~r~d, or f~tl fo drliver pramptty •ny of s~id policies of irttvr~nce ta seid MORTGAGEE, or fail prom.ptly to poy fully sny pramium thenfor w in •ny
n~pM fait 1o p~rfo+m, discharye, execute, affect, tpnplate, comply with and •bid~ by thia coven~nt, or any p~r1 hereof, said MORtGAGEE rt,ay piace e•,~
pay fw ~uch Inuur~nc~ or •ny part rhereof without waivin9 or affectinq any option, tien, equ~ry, or rfght under or by virtu~ of ~hii Marrg~~~, anv the
full ~mwmi of ~ach ~nd ev~ry ~utM p~yment sh~ll be imm~di~tely dus and p~y~bt~ ~..d ahall besr intare~t from ths dete +horeof until paid at :hp r~*a of
nine p~r esnrum p~r annum and rogeiher with wch interest shall be secured by tF~ ii~n of this morty~ys.
4. To ptrmit, commit or tuffer no w~ite, impairment or deterEontion of s~id prop~rty or •ny peri there.~f.
S. To pay •II and ~input~r tFr~ can, charfles •nd axpensas, irrcl~dinp • rr~so~abl~ ~rtorneyy fee and costs ef ebstrects of title, incurrtd or peid e~
~ny tirrx by taid MORTGAGEE, bacause w in tf+~ event of tht f~;l~re on tM ~.+rt of the •aid MORTGAGOR to duly, promptly snd fvlly per!orm, diuhary~:
~x~tut~, eff~ct, tompl~t~, comp~y with and abide by exh •nd every tn~ ~tipulationa, ~grMmentt, tonditiant, and covenen : of ssid promiswry not~ snd thit
morty~~ any or ~irher, ~nd ss~d cosn, charpes end expenaes, eech and evsry, ~holl b~ immerJiatsly due and payebl~; whether or not ther• F» nct~c~ de~
m~nd, att~mpt to rnllrct or Yuit ps~ding; and tha full amount of esch and every •uch payment ~he11 beu inferes~ from the date theieof unti~ p~id ~t the
r~te of nin~ per centum per •n~um; and all said costs, charqes and expenses incurred or paid, tagether with such intereit, shail b~ teturad by tht lien of this
mortqW~.
6. Th~t In the event of eny breach of this Morty~ge or defeult on ths ~art of the MORTGAGOR, cr (b} ;n tM eveM •ny of iaid sum~ uf money
henln ra~srrid to b~ not promptfy and fully paid within th~rty (30) deyt next after the un,a ~eve~~tly become due •nd pay~ble, without dem~nd or notic+~,
or (c) in 1M wmt each and every the stipulatians, agreemenYs, conditiana •nd toven~~q of ~aid promiasory nqte and th~~ mortqa9• ~ny or ~itMr •re ntrt
~uly, promptly and fully parformsd, d~uhar9ed, exec~ted, affected, completed, camptied with and abidtd by, thrn in eithar or •ny evch ~vtnt ths ~ald
orp+tr s::m meation~d 3n aaid promissory note then rrmaining unpaio, with interotf attrued, and all mr~neyo aecured htreby, sh~ll becorr~ d~.s ~nd p~p
ah~~ forthwith, a thereaher, st the option of said MORTGAGEE, ~f fully and completely if all of tfie uid wmf of money w:r~ cxiyinally ~tipu'afed
~ to b~ paid on tuch day, anythinfl in seid prom+ssary note or in th+• Martpage to fhe contrary notwith~t~ndinq; ond ther~upon or the:eafttr ~t the option of
f~id MORTGAGEE, witfiout notite or demand, wit at I+w br in equity, therefore or th~reaffar bepu~, may be prosecuted ~f if •II moneys s~cursd her~by
~ h~d rrwtur~d priw to its institution.
~ 7. That in the event thet ~t tht ?segin.^.ir.b er et eny time pending sny ~uit upon this Mortg~ge, or to foreclosa it, os to reform it, or to enforcR
~ p~yment of any cleims r~are'vnder, wid MORTGAGEE thall apply :o tha Court haviny j~risdiction tFtereof for the eppointment of e Receiver, ~~ch Court sh~{~
Fexthwith appoint a recsiver of said mwtflsged property all •nd t!ngulsr, includ~ng •II •nd singutar the income, profit~, i~iuat and ravenues trom whetev~r
' ~surce dtrived, s~ch arxi avery of which, it briny expressly understo-.~, h~reby mort9a8ed at if specif;~atly sat forth and dratribed in th~ yrentinq and
~ habendum tlause~ he~eof, and such Receiver thatl have sll the broad and effective funttiuni ~++d pawers in enywite entrusted by • Gov?t to e iteceiv~r, sr,~i
wch •ppointment shall be made by such taurt si en edmi»ed aquity ond a rwtt~r of ebsolute rigM ro acd MORTGAGEE, •r+d without ref~rants ro tht
v ~dpuacy w inadequscy of th~ velue of the prcperty mprtgaged or to the ~olv~ncy ar insclvrncy of ~aid MORTGAGOR a tha deFend~nri, and thst sucfi
'i ?ents, profiri, incoma, is~ues and revenws tha(I b~ eppiied by such Receiver ~cco~diny to the lie~ or eqvity of ssid MORTGAGEE snd fh~ pr~dip of such
GOU~t.
8. To duly, promptly fully perform, ~scharqe, execute, sffect, corr.plate, comply with snd abide by each and ~vsry the t!ipu~asion~, ayr~sm~nb,
conditforu ~nd rnven~nts in uiid prwniuoty nota ~nd thu mortgeg~ ~et forth.
9. That in tfw event the ownerihip of the mortgaqesl premise~, cr any par? thereof, brcome~ vested in a F,srwn other tfian tM MORTGAGOR, th~
MORTGAGEE, ih succeuon and auign~, may, without notke ta fhe MORTGAOR, deal with such wcceuor ar ~ucceasor in interrst with refennta to thi~
mortqpa ~nd ths debt hereby secured in the s~me manner es with Moriyaflor withou'r in ar.; way vitistirtq ar ~d~scherqinQ the Mortqr~on' lisbiliiy her~
ur~er or upar rM debt hereby aecvred. No safe of the prer.:isea hercby monQsyed and no forbearance on the part of the MORTGAGEF o: ih a~casson i
or uai{~ns •nd no eAtension of tM time f~! tFu psyment of the debt hereby seKUred y~ven by tha MORTvAGEE or its tuccessors or aatipns, ehdl op~nt•
b nl~w, discfrrq~, modifr chenq~ or •ffect the originat l~~bil7ry of the MORTGAGOR lrerein, eitlwrr in whole or In part.
10. tt la spsetfiu~ly opr~ shat time ii of the euenc~ of thi~ contract snd that no waiver of any obligation twre~nder w ef tF» obliyetion rr•
wrsd ha~by shall ~t ~ny timt there+~fter be held to be a weiver af th~ t~rms hereqf or oi rhe incirument secvred herby.
11. In addition to the fore9o~ng montfily peyment~ of print pal snd interett required by the prcmis~ory note sewred hxreby, mortgagor tovenanh
- uid ~yr~ss to Aay to mart9sge• with each monrhly payment an add~tion~l s4m e~timsted by mort~cgee ro be equal to 1/12 of the snnua~ tost of th~e follow-
inp:
j': A-All nel propsrty taxet levied or essr.sed ~geinst the ebove described rsal rstete.
b-Premiums on fire end w.indstorm insurance as herein req~ ed to be carried on the impro•rementt titvate on the sbova describad premisew.
i
C--Yremium~ o~ ~uch mortqags yuaranty in~wance ai morlQsyee~ sh~ll firom time to time deem fit to carry on tha lom tecured hereby.
Mortpa9ee fhall from time to time notify mortQa9or in writing of the amount due nnd payable hereun~er snd tuch sum ~hall theroupo~ be ow ~nd
~ pay~bl~ vn t!» due d~ts of tha next manthly paymant •nd tach auccessiv~ month thereafter unnl mortgag~se shall notify mortgaqor of e chinQ~ in such
~mount. Such sumi sha!! be epplied by mort~sgre tow~rd th~ parment of r~al nr~p.,•«l taxes, inwrance prem:um~, and mortpepr qvar~nty insuranu
J~ pramiurtu.
; r,; IN YVITNESS WHEREOf, tM said MORTGAGOR hes ixrsunto iet hie hend ~nd seal the day •nd year fir~! aforesatd.
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j x ~ 37ATE OF ~I~i%1~ ~ . . ' . . - . - ~ r
! °ou'~r~i~ ~ - --°~~~i~ ,~-(w S LERK
~ ~.f«. ~'~~~Yy~K? ST_ 1 ~ . . ~
~ ,_.r„~__ . ' A] 1~l~11~i1Tii1'~ 1^$ hts wif~, tc--nilr,v~t1l. krwwn ~++d'kno^w4+io ~re to be
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Ihr=f~rd'iKidv+ti .dNCrlbid'in ir+d who Rxr__~t«d *.!~t forepoinp instrvm~nt, r~d ~ctcnowledyed befor• me thst tfsy:iicec~rt~d s4~a s~~ri~ foi.~tha purpora .
i +~.yw+.~.,«a. ~+a,~;..~.~-- A1liece Walters
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( i sR~mirif~tcrr ~i• rns.2~{~d~• ispa~it~ •nd ~parf from har s~id hv~tsand. ~cknowl~dg~d ro•nd 'otiare m~ that ~he •xecut~d'(~j~l;~~ frahly snd volurr
I:~ tvily and, wMF~wrt ~n~ ~tsio~, tarutr~int, •pprehtnsiog a fe~r of or from F~ taid husband. t•~~ ~
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~ 1NITN~Yi~s/:iw~vs~~~rad official ~eai mi~ 1~~ dey of " 14~
Not~ry 9ubRit ir+ s+~d fa,r/~~ St~t~ of F{t:s'.~s s! l~ry+
yl~ ysi ~x~sir~~k /
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~ Retum 70: c~~~~~i / ;:FZr~ ! ~.t,~c. $`t.,_ . .
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I~ CiNsens Fed~ca; S:vieqs i l,oae Aasoci~4io~ ~y C,.~r;r,;;,!:;n 't',
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of St. luei~ Covnty e~:
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