HomeMy WebLinkAbout2621 And Mid Nb?~9+4o~s• fo~ thRrnwivs~ snd tFu1~ Fwi*s. Ispd nprwrnt~tiws. wa~uas w?d arslqns. Mr~M iointly ~nd Nv~a1Fy ~nt a++d apr~t
ro~nd with tM aid MOItYGAGEE. it~ tuccauw~ ~nd assiQns:
1. To p~Y ~II ~nd ~inpul~? the principal and int~r~~t u~d tM v~riow and ~+rndry sum~ of n+a~eY paY~bN by virtw of aid p?o~ni~wry rw1~. ~nd tld~
matpap~, ~cfi ~rxi ~vNy. promptiy on tM d~y~ rnpictiwly tiw ?~m+ ~wraiiy brcan~ dw.
1. To pay ~il and sinpvlar tF» t~~~a. asNSSm~nta. IwiN. liabiliti~s, obllp+tioin rnd sncur~b~~nht of twry n~tu~~ ~rd kMd now on s~id dacribed
propNty, a that Mr~afa~ may b~ impawd. wff~nd. P~~d. iwNd. w ~Mas~d tMnon, a tMf M~arf~ may b~ IwMd or a~w»d vpa+ ~i+N Mortp~
ap~, m th~ End~btadneu ~~cur~d Mr~by, Ntl+ rnd w~ry, wMn dw and payabl~, aocordinp to Isw, b~iore tfi~y b~can~ d~lirr~wed. and b~fore sny M1~Nt
~nathN w•ny pe~alty a inturrtd; AND INSOfAR A5 ANY TMfREOF IS C3F RECWtD TNE ~AMF SNAII SE pROAMTLY SATISfIED /1NG DISCNARGE[1 Of
RECORO AND 1ME ORiGINAI OfFIC1Al DOCUMENT (SUCH AS. FOR INbTANCE, TNE TAX RECHPT OR '(!fE SATISFARION PAPER OffICIAIIY ENDORSED
OR CERTIFIED) SHALL EE PIACED IN TME HANOS Of SAID MORTGAGfE WlTNIN TEN DI1Y5 P3EXT AFTER PIIYAAElVT, and i?~ ~h1 ~v+nt tMt any tFeKwf i~ no1
paid, ~at~~fi~d •nd d~stharyed s~:d MORTGAGEE may et ~ny tim~ p~y tF~e same a~~Y Wn ~i~+rwf without waivinp or aff~crinq any aption. IiN+, puity or
.iqht ~nd~r or by virtua of Ihut mortyaqe ~r+f! tM full aanoua~t c( Nch +nd ~wry ~ucA payn+rnt aF?ell b~ imm~diet~ly dw and payabl~t and ~M11 bwr int~rpt
irpn th~ d~t~ ther~of ~ntil paid at r~ts of ~fpht pe~ cenh+m pe? ~nnum ~nd 1og~tF+n w~tY~ tuth int~r~st ~Mli b~ Ktured by the li~n of th:~ maptp~.
to pl~c~ and contiewoN~Y kMP on tM bulidin~ now or hK+~fNr ~NwN on Mid I~nd ~nd on ~11 puipr~eM ~nd Wna^dh~ ~w~r~d bY
wilh di prwnk~w~ thir~ pafd in iuil, flr~ kaur~na in t!~ uwal s~aidud polky fa~n. ~n •~um approwd by ttw MORTGAGEE. ad windaro?m ~
M+~w~nw In tM uswl ~t~ndard poliry fon+~, i~ • wm ~pPrw'+d by Nw MbRTGAGEE. {R uxh company a tanp~ntM M tM h1C~ItTC.AOEE m~y
dinctr w~d ait fln ~nd wind.torm inwrona polki~s on ae~y of ~aid build~eps, ~ny Mrsnst M..~M w psrt th.rwf, M tM pg~~p+ti wm ~for~id a
in exa« ~Mrwf. ~hrll conbk? tM wwi st~ndxd marp+pN dwN w auch oN»r daw~ N ti?~ Mwtpp+~ may nqu~n. n+~kinp rM lon unelK Nd pol}
dN. ~ad+ a+d w~rY. P~Y~bI~ ro~aid MORTGAGEE a iM inHtNt m~y ~ar, and ~ad~ ~nd ~wry weh poiicy ~P~all b~ prornpNy ~a.qn~d «+d d~IfvK~d ro
~ny h~W bp wid 1010RTGAGEE a~ fi+rtMr acurily ro aid rnw~pp+ d~bt. ~nd, rwr {~u N+an trn C10! d~y~ in ~dvrnu of tM wcpirsrion of Md+ polky, to dr
ifv.r ro uW MORTGAGEE ~ nMwal tMr~of, tnp~tl+K with ~ r~c~ipt fw tM p~nnium of wch ren~w~l; ~nd tY»« ~hall b~ no fir~ or windNOrm insurance
p1~c+sd on ary of wrd buitd{nps. any int~+at thN~in w p~rt tMrwf, ~nl~u 1~ tM fomi ~nd wiM ths fou pay~bl~ a~foreNid; ~nd In tM ~»nt ~ny ~um
of ma»y b~com~s pay+bl~ und~r u+ch polky a policiw aaid MORTGAGfE ~hall have tM optioh to r~iv~ and ~pply tM s~m~e oe~ account of ti+~ indebt~
nws wcyhd hwrby p to p~rmit said MORTGAGORS ro receiw ~nd uM h a~ny par~ thareof for other purposes, witFavt thaeby w~i~inp w im~s:.-
Inp any pulfy, li~n or right und~r ar by viRw of this mwtq+~s ~nd in tM w~nt said MORTGAGORS shall Fa any n~~on fstl ro k~ep tM aid pram~u~ ~o
(rnw~d, or f~il to d~liv~r promptly any of said policia of ins~r~na to ~sid NIdRTGAGEE, or f~il promptly to pay fully any premium tMnfa or !n ~ny
rs~pKt f~il 1o p~rform, disch~rqo, ~x~cuh, ~ff~ct, compl~h, comply with and abid~ by th~~ cov~nant, a any psrt herwf, uid hWRTGAGEE rt+~y p~sc~ ind
p~Y for wth Inwr~ or ~ny p~rt Nrrreaf w~thout waivinp w~ffectiny any option, li~n, pvity, or riyht under a bY virtw of this Nlwtyaq~. w.! th~
full amount of ~acfi ~nd vwry wch paym~nt shall b~ imm~diat~ly dw and pay~bl~ ~»d shall bsar lnt~rsu from tM dat~ th~nof u~til p~i~ si rhN r~t~ ot
nlr~ p~r t,antum pK ~nnum ~nd fopfther witfi such intarsst shall be s~cured by tM li~n of tl~it mwt9sp~.
4. Ta p~rmit, cw'nmit ar wff~r no wnh, Impaiem~nr or d~»rioration of ~a(d proptrty or any part tMreof.
5. To p~y ~II and ~Inpvla tl+s cwn. cMrq~s ind ~xp~r+t~s, includ'enp • r~ason~bl~ •ttorr~ry'a fw snd aaosts c~f ~tnn~c» of fltl~, incvn~d o~ p~id ~t
a~y Sim~ by a~id MORTGAGEE, b~civ+?~ or in th~ ~vent c4 tM f~ilur~ on tt» wrt of tM s~id MURTGAG~R to duly, promptly and fully p~rform, d'ath~rp~,
~x~cvt~~ ~Ff~ct, compl~t~. oo^+Ply with ~r~d ~bfd~ by ~ach ~nd ~v~ry tM ~tipul~tioru, pr~s+n~~ts. con~litiom, ~nd oowM~n of aid promfs~ory nott~ u+d thia
mprtyp~ u~Y pr ~ithsr, and uid cusri. charprs ~nd exp~nt~s, rach ~nd evary. ~MlI b~ immedi~t~ly due ~nd piyablr, wFwtMr w not tMr~ b~ notic~ dr
m~r+d ~tl~mpt to wll~ct or wlt pOnding; and tM full ~mwnt of ~ich •nd wvey ~uch p~yrt+tnt ~hatl bear inte:~rt from tht dat~ th~rwf uMil Fv~d +t th~
r~h of nin~ p~r esntum per ~nnum; and all s~id catn, charqet ~nd expsnses i~turr~d or pald, toqtther with such intartat, ~hell ~~eturod by ti~s lirn of ihit
b. That (a) In ths ~wnr of any bresch of thie Nbrt9a~ w d~fault o~ tM part of tM klORTG~IGOR, w(b? 1~ th~ ~wnt ~ny af Mid Mxro of nwnaY
}~yrtn r~f~rr~d fp b~ not pramptly and fully ~id within thirty ia0) dayr next aft~r ths +~am~ sev+reliy Mcomr dw ~nd p~yabl~, without dnmand or noticar.
or (tj in !h~ ~wnt ~ath N+d ~v+ry 1hs stipul~tiona, ayreem~n», conditions ~nd cov~nri of wid promiswry r+o» snd th~s mortqays xey a~itMr srr nW
~uly, promptly ~nd fully ps?form~d, d~scharped, exstut~d, sff~ctsd, complst~d, tompli~d with •nd sbided by, tMn in +ithtr or my tuch w~++t th~ wid a¢
prpats wm mentioMd in kid promiuory rwte then remainirq ~npaid, with IRiNKf acawd, artd ~H mon~ys secur~d Mr~by, ~hall b~corr~ dw and p~y~
~1~ (athwith, a tMnaha, at th~ option of ~aid MORYGAGEE, s~ fvlly ~eid tompletely ~s ii •!I of the iaid ~urru af nwnty vrrer~ ori0inally qipulotrd
tp be p~id p~ ~uch day, a~ythinp i~ ~aid ptomistory rat~ w in this AAottyag~ to the c~srafy notwithst~ndinp: ~nd th~rsupon or the?~tft~r at th~ oQtion of
s~id MORTGAGEE, without notioe or d~m~nd, wit ~t law or in ~quity, thfref0~~ O~ fhftNft~I bpvn, msr b~e pros~cut~d ss if sll mon~y~ ~scuhd F»r~by
Md m~tund prior ro ita burit~tion.
7. TMt In tM sv~nt that st ths ba~lnniny of or ~f ~~y time pendiny any wit upas thia Morrqeqe, ar ta for~clas~ N, or ro nform tt, o? t~r enfoec~
p~yrMnt of ~ny clsima horwnd~r, said MORTGAGEE ~hafl epply to th~ Couh h~vinq jurisdiction thersoi for tM ~ppointment uf • Receiv~r, wch Caarf shdl
fpthwifh ~ppoint a rec~iv~r of ssid matpaqed p?eperty •{l and •inyular, {nclud~ny •II ~nd tinyul~r ths intome. profi», iuv~s ~nd nv~nvori trom wh~tlwr
wurp dalwd, tach and ~very of which, it txinq sxprewly und~ratood, i~ herebY mwt~ayed u it specifiea(ly kt ftxth ~nd dutribrd in tlr p?~rrllny and
habud~enn d~~s hwwf, and such Recrivtt sM~l haw •II tlse brurd and effadiv~ function: ~nci powtrs fn anywise ~ntrvstsd bY • CarR ro s R~ce~wr, ~nd
wch ~ppointment shall b~ m~de by such Couri a~ an ~dmittad equiry and a m~tt~r of ebsolut~ riqht to s~id MORTGAGEE, ~nd without rehnna to t!N
acMqvaty w Ir+adeqwcy of the vslue of th~ property mortq+g~d or to tha wlv~ncy w insol~rvnty of said lAORTGAGOR a tM d~fandaht~, artd tMt ~uch
rentf, profitr, incar», issues and rovenues shall bs sppli~d by ~uch R~ceiv~r ucardirtQ to th~ lian or equ3ty of Nid MORTGF~GE~ u+d th~ prectia of wch
Ca~wf.
8. To dvly, promPtly u~d f~lly perform, discMrp~, eaecut~, effect, compl~t~, comply with and abid~ by wch +nd ~v~ry th~ ~tlpulatfo~4 ptMn»nt~,
oonditiorn arx! cm~ene~» in wid promiuory rsota and thii mortqsy~ at forth. '
9. That in the eer~nt tM owne.ship of ths morty~qad promisn, o~ sny part thereof. brccmes w~ted in • p~rson other t1~an t~t11~OKIC~QR, tM
MORTGAGEE, Its succeuort and u~iym, may, without notiu to the AINORiCsAOR, derl with ~uct+ tucces~er or ~ucceswr in intrr+ ~st.`w+M? t~i~Npnc~, ±b :fiu
mortpapt ~nd tM debt her~by s~wr~d in the r+ms mannK as with Nbnyayw without in ~ny wa~ vitiatinp o~ dischar9tny tM:Most~apsp'.~biq?7 iwk
un~ a vpnn the debt hs~eby aecursd. No ~ale of the pr~mises hereby mo~fp+q~d +nd no forbea.ence a+ the p~rt ot tM MOR~GaGEE oe . iti ~taawrs
or aa~lyru and no ~xtension of tM Nme fw tM p~yrrKnt of th~ d~bt her~by seeur~d yivsn ~y the N10RTGAGEE or iis succalsori ot ~s!~; ~}isl~ cpif~,.
b rt{wss, d;sd+~rqt, modify tMnq~ w~ff~ct tM oriqinsl Il~bility of tFw MORiGAGOR M~ein, eitMsr ?n whols a 1.~ p~ti,= .l . 3' , ~
10. It h tpscifiully ~Qr~ed shat tirrN fs af tF~ rassnc~ of tfiht contract and thst no waiv~r of ~ny obliqation hRS~vnd~* Jr b,F~t[N abii~+tio~[ df ~
pnrd Fr~trby ~11 at ~ny tirrn thcreah~r b~ held to be ~ waiver of th~ t~trtu Mroof or of tfic inst; umeM ~rcured htrby. -
11. In additiw~ to the forsqoing mo~thly ~saymenrt of princ wl ~nd int~rsst req~ired by t1w promissary note tatv?~ ki~'}; .,mQA9~o~~ Cov~A+nb
snd sqntt to par to n+ortp+y~e with aach monthly payrt»nt ~n ~ddition~l sum ~stim~ted by mortgcgae to be pu~! to }/i2-of tht;~rri~wl.~ut of`the fO~Edw:~
y~; - - .
A-All nal property taaa levied or euessed :q~irnt tfie ~bov~ deuribed real ~state. '
b-pnrtei~em~ a+ fire snd windstorm irour~nce n herein required to ba cirrted on th~ improvemfnri sitwla or. t~s rbo~va~~HC.ilkim~};p~}t~fsst+
C--Prtmiums on such mortyaq~ flv+ranry iruuranc~ a mortpaya~ shall from timt to time deem fit to urry an ttw bM ~d+ttid hKSby.
Mortyayaa shall from time to tirrw notify mortgoyor in writinp of iM amount due and pays!~t~ hersunder and ~uth wm ~hs~l tfx~wpon b~ dw and
p~Y~blt on tM dw d+te of tM rxzt monihlY paYrreant ar~! aath ~ucc~ssiw month thereafter until morlyage~ thsH ratify mortppor r1` • ch+r?p~ in such
~rt~ourst. SucF+ wms ~tull b~ appli~d by mortpaqe~ towsrd tM paYmartt of nal property tsxn, Ir~swsnc~ premivrrn, ~r+d rnwlp+q~r p++uarMy imuruiur
prsmlvn+a. -
IN WITNESS W1iERE0~ !h~ taid MORTGAGO~t ~ tta},tl» d~y • year fi e re~aid.
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