HomeMy WebLinkAbout2899 TOGET~R IKITH all addition~~ r~plac~stnts ~nd inprov~m~nts to any of thP
foregoinq, snd all snd =ingular tt~ ~te~nts, h~r~ditaa~nts and appurte~anca~
ther~to btlonginq, ~nd t!~ r~nts~ issw• atrd profits th+rr~+o?f. and ~lto all the
estate, right~ tit1Q, int~rest, ho~rst~ad~ do~r. i~pa~cat~ estat~, possession,
claim and duM~d Mhalsoswa, as ?wll in law as i~ ~quity, of th~ said Ubrtgagor
in and to the ~crtqaq~d property and wtry psrt t~ar~of wSth the appurte~ances,
specifically irxludi~ all riqhts and ~quiti~s of ndau~tion, all of ~ich ue
h~r~by expr~ssly ~siwd. (Al1 of t!~ for~goi~q, ~h~tMr coesistirq •ntir~ly of
rfal property or ~~tir~ly of chatt~ls~ or oi both rsal propfr~iy at~d chatte~s.
is h~r~ia for corw~nienc~ ~allfd the "nbatgaq~cl prop~rty").
TO W1VE AI~ 'f0 HQLD the said rnortq~ed prop~rty snd wery p~rt thereof
unto the Martgsg~e forewr. '
PROVI~D A~.MAYS, and this mo~ct,qaq~. fs on th~ express condition, that if
the labrtgagor shall pay or caua• t~ b~ paid all of the moneys ~ntfanvd in said
Promissory lrbte and the intorost thfr~an. ~r12 at th~r tinr* and in th~ men~ner ~s
ther~in agr~~d to~be psid, according to !h~ trve irit~nt and rr~aning thereof, and
shall pay all other suas providecf t~ be paid by~this ~ortqs~e~ and shall perform
snd abid~ by aIl t!N cav~aants~and agreeewnts h~r~in ~nd in ~raid Nate ~ontained,
th~n these pre:ents shall be void and th~ estat~ her~in and !»reby grsnt*d shall
cea~e and det~rmirrs•
AJ~D SArD IaRTGA~OR does hsreby co~~rensnt ~rith th~ MDrtgaqse that said
Mortgsgar, at the tis~ of •x~~ution and deli~wrY of th~se pr~sents, is the
absolut~ ormer of and in pois~ssion oi said m~rtg~g~d prop~rty; that he has a
good right~ full poNer and lawful ~uthority to conwy tM same in the menner and
form h~r~Sn t~t fa~rth; that said pro~rrty is #r~~ and cle~r of all liens nf what-
cwer natur~~ ~rxcept as apecificslly m~citioned herein, and Irtortgagor fully warrants
the title to said property and w~7,1 d~f~nd th~ sa~s agains~ all lawrful clairos
ac~ d~snds exc~pt fraa the vrarraritiss Contsic?~d in the tnwarbranc+~s herein
sp~cifically s~t forth.
AND 'T}lE ~t7GAG+OR Qoss hereby furthsr cov~nant, prou,iss and agree wfth
the I~lor#.gsga~, its successars and assigns, as followss
a. Martgagar will not commit any Nast.e~ or rreaken ar impair the securit~
of thfs tarLgag~; w~ll pay~ pitor ta d~~lAqumn~P. all taxe~ ~r`d asfes~ments 1QVied
~r ia~sso~d ot~ sa3d prapert~; will keep the ~mortg~g~d property i~swced in such
mar~r and in such anw~ts aa l~brtgagee may requirs; and will not reawve any
chattal~, if icoal,uded in this ~tgsge* from th: premise~ ~here they ~re now
situatad, without 1Ma?rtgagee's writtsn consent.
• 2. In tt~e event of suit to fo~rerclose this mortgag~, Martgagee shall be
sntitledf :s a matter of right, without s~agard to the value of the a~ortg~ged
prop~erty oa to the sel~rency of Mortgagor, at~d ~aithout notice~ t+o the appointa4ent
of • Recaiver of th~ aa~°tgagod propesty and the ic~ome and profits thereof.
3. In ttte event of Mbrtgagor~s failure to pay tax~s, or to klsp the
prsa~ses insured as required, f~brtgagos may, at its optian~ but ia not r~quired
to, make ~uc,h paymtnts,~ ar~d the sums so sdvenced shall be repa?id by i~ortgagar
with interest as p~ovided in the Not~,~and sa3d aum~ sv paid by th~ 1~1or~cgag~e
shall be aecured by thia mortgags.
4. In ths e~wnt of any default i~ the tera~t of the Note ox this
iuortgage, Mcstgagse ~ay, at its option~ declar~ t~e whale indebtedness secured
herehy to ~ immo~iat~ly du~ and payabl~,
~ 5. That no ~xten~ion or rao~dification af ths p~ynfents to b~ naade as here-
~ 'in~b~ve ~t forth, and no rel~ase of any put or parts af ths mor~gaged prepertY:
cr of other collateral ~ecurfrsg the abc~vs d~sc.zibed i~debtedness, even though.
a?~d~ without constrrt of thr Mortgaga~~ shsll rsleas~, rtiisw, ~or discharge the
t~brtgsgor from the payment of sny swns herab~ sec.inced, and Mvrtyagee shs11 hav~
the right ta raleast fram the lisn hereof any poation or portions of the mortgaged
property, or othtr collataral held as s~curity for gsid ind~bt~dness~ irr~sperctive
Of th~ ~lu~ of the re2eas~d portion, without aff~cti~g th~ lien hereof aa to th~
partion~ or portions not relea~ed, notrritt+stand3ng the fact that such r~lea~e ox
rele~s~s n~y be ~ade withaut knowlydge or c~onsant of the Mortg~gar, or of sny
Grantee ar Grsnte~es of portions of auch property theretofore su~d.
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