HomeMy WebLinkAbout2969 An~ seid Mortgaqors, for themaelve~ and thei~ heirs, ~eqei repratentative~, succ~stor• ~nd •t~iqn~, horeby joinNy •nd s~wrally covtnant ~nd ~qr~
~a ~nd with !he s~id MORTGAGEE, it~ suaeasor• •nd ass~ym:
1. To pay •II •rid ~inyular the p~intipal anc~ imerest and the v~riou~ ~nd sundry ~um~ o( mon~y payabl~ by virtu~ oi a~id promi~sory no1~, and tfii~
monya~e, aach and svery, promptly on th~ dsy re~pecrively ~h~ •ame ~swr~lly becortw dw.
2. To pay ali and ~inqular the taxes, ssseasm~nts, ievies, liabilitief, obliyation~ ~nd ~nc~mb?~nt~t of tv~ry r?~tur• ~I~d kind now on ~aid chtcribed
prq~srty, or that hereeftar msy tu impoted, tuffered, plKed, levied, or au~ited tfi~r~on, a tMt herNft~r may b~ I~vi~d or uHas~d upon thh Mort¢
~fl~, a the indrbted~ex~ ttc~red hereby, ~~ch and evary, when dv~ ~nd payable, ucordiny to law, b~for~ th~y becom~ d~iirpw~t, ~nd bffws ~ny inNr~~t
• itteches w eny psn~lty ia incvrred; AND lNSOFAR AS ANY TNEREOF IS OF RECORD THE SAME SHAII 9E PROMP1lY SATISfIED ANO DISCHARGED OF
RECORD AND THE ORIGINAL OFFICIAI D(~~jNENT (SUCH AS, fCR INSTANCE, THE TAX RECEIPi OR THE SATISFACTION PAPEk OffICIAIIY ENOORSED
OR CERTIFIED) 5HALL BE PLACEO IN iNE HAN~SS OF SAiO MOR~'iAGEE WITHtN TEN DI1Y5 NEX1 AFTER PAYMENi, •nd in th~ •v~nt that ~ny therwf i• not
paid, setisjAd andcslischergcd se'd P~10RTGAGEE mey at any time p~y ehe aame or any part thereof without w~iviny or afftztinq ~ny option, li~n, ~y~ity or
•iqht under or by virtue af this mortgage snd the fu!I amo~nt of rach end every tuch p~yrv+ent shall be immediatety du~ and pay~bl~ •nd ~hall bsar int~re~t
?rom rhe dste thrreof d~i~i1'pa;d er rntr of ~ipht pr. cent~m per annum and topeth~r w~rh wch int~rep ihatl be ~ecur~sd by the lirn of th:~ maqtapt.
3. ~o placs ud camin~ov~ly icNp on tM bulldirys now or Mr~~fta ~Itwt~ en s~ld I~nd ~nd on alt ~quiqmnt ~nd p~rsorully cov~nd by thit mortq•
p~, with dl premiur.u tMrwn paid in fvtl, fir~ in~ur~rx~ in rlw uauel trudard policy }orm, in ~ eum approv~d by rM MORTGRGEE, and windstcrm
G+wr~p !n ffi~ ~~u~t st~nd~rd potity fcKm, In •~um ~pprov~d by th~ MORiGAGEE, in wch comp~ny w compani~e q fF+~ A10RTGAGEE may
dinetJ and ~11 firo •nd windsta~en tasur~nu policie~ o~ ~ny af taid build~rp~, ~ny iM~re~t th~nln w p~rt therwf, in tt?~ pqrr0~t~ tum sfw~uid or
M~xpa ths?~of, ~hall cunt~in th~ wu~t ~t~ndard matpay~a ctauae or w<h otlxr cl~uiw u th~ MortyayN m~y r~qvin. maklr~ th~ lois und~r s~id poll-
cla, f+ch ~~v~ry, p~yable ro uid M~i2TGAGEE s~ its intsrtst may ~ppsar, ~nd each •nd svery such paliry ahall be promptly ~u.qn~d ~nd d~liv~red to
~ny Iwid by uid Ml7RTGAGEE as furthar ~cc~rity to said mw~ypr dabt, •nd, not les~ th~n t~n (10) d~ys in advarxe of tiw •xpir~tion of ~ach policy, to d~-
liwr to wid MORTGRGEE a r~n~wsl thersof, tofleti~r with a rfceipt fo~ th~ pr~mium of such re~»w~l; ~nd th~n ~h~ll b~ nc+ fir~ or windstorm in~ur~nc~
pl~t+d on any o~ uid buildinyf, •ny interett therein or parl thereof, unl~as fn th~ form •nd with the Iot~ peyablo afores~id; ~nd in fh~ ~v~nt •ny sum
of mcrnsy b~eeme~ p~yabl~ under such Fsolicy or pat~cies seid MORTGAGEE ~haN hava rtK opfion to recaive snd apply th~ sam~ o~ account pf tM indebttd-
n~ts wcvr~d h~re6y or to permit ts;d MORTGAGOR$ fo receive •nd ufe it pr •ny part thereof for othtr pu~xies, withou+ thereby wsivin9 or impair-
Irw~ rny pvity, lisn or riyht unds~ a by virtw of thi~ mortgaqe; and in the went sa~d MORTGAGdRS shali for any rsawn fatl to ketp th~ uit! pr~mi~ii w
I~rsured, ar f~f) ro daliver prqmptly ~ny of t~id policie~ of insur~nc~ to ~aid MORTGAGEE, or fail promptly to pay fully any prsmium th~refa o? in any
rnpect f~il M p~rfwm, discherge, execute, sffect, cwnptete, comply with ~nd abid• by thi~ cevanent, or •ny part hereof, seid MORiGAGEF m~y pt~te and
pay for such tnauranc~ or ~ny part thereof wiihout w4ivinq or eHettinp •ny ppt~on, lien, equity, or rigM undcr or by virtue of thif Mon9~p~, and th~
full ~~nount of i~ch and svtry fuch paymeM shall be imme~distely due and pay~bl• and ihel~ bear intara~t from the date thcreof until paid n the r~r~ a}
nir» p~r centum per ~nnum and together with such inrerest shali'~ba ~ecured by !hf li~n of thit mortqa9t.
4. To pertnif, tommit or :uffrr no wa~te, lmpairmem o~ deferior~tion of s~id Qrop~rty w any part thereof.
5. 7o pay ~II and iirpul~r 1M cwts, th~rqes ~nd expenses, intludinfl i rtaon~bl~ ~ttorney's f~e •nd corta of abstncts pf title, inrurr~d o~ paid at
•ny 1im~ by wid MORTGAGEE, beuu~e ot in the evem of tM feilure on th~ p~rt of th~ uid MORIGAGOR to du~y, promptly and fu~ty p~rform, diKMr9~,
•x~cute, eN~ct, complete, compty w(rh and ~bid~ by ~ach •nd evary ths itipvlationa, asr~em~nfs, tonditions, snd covan~nte of ~aid promiuory nole end thii
rtxx+p~9• ~ny or •ither, and said cosri, cherges and expen~et, each ~nd every, ~h~ll be Immedistely dve and peysble; whetF~ur w not ther~ ~~tec~ dr
mand, ~tt~mpt to collett or suit pbnding; and the full amouert of e~th end every ~uch payment shall bear interesr from the datt thartot umil paid at tht
r~fe of nine per centum per annum; and all said co?tx, charae~ snd expenses incurred oe paid, fogether with such inter~st, rhall b~ ~ewree~ by the lien of thia
mortpps.
6. Yhat In the avtnt of any breACh of thi~ AAortgage or defeult on the p~rt of the MORTGAGOR, or (b) in th~ •vsnf ~ny of iaid ~um~ of monsy
hsr~In r~f~rr~rd to b~ no1 prompNy and fully paid within thirty (30) dsys next afte: !!:a tsma ~everally 6ecane due and payabl~, without d~mand Or ~lOtli~,
or (ca In tM ~v~M eath •nd every the t9ipulations, ~greemant~, conditiom and covenant~ of t~id promissory note snd th~s mortpspe any or ~ithsr •n not
3uty, prompfty ~nd fully performsd, d~scharged, executed, effeded, completed, complied with and abided by, thcn i~ eitht~ or any wch ~v~nt iM tsid
prayat~ wm mentionad in tsid promiasory note then remaining unp~id, with ir.terest accrued, an~ •11 mon~y~ sccured her~by, •hall bemmr du~ •nd pay~
ahI• fonhwith, or tf~er~aft~r, ~t the option of faid MORiGAC'aEE, as fulty and completely if •!I of the ~a+d ~ums of monsy wor~ oriQin~Uy atipvl~fed
to be paid on such day, anythiny in ae~d promisso~y nate or in this Mortpsge to the contrary notwithetar,diny; •nd thereupon or thereatt~t ~1 tht aptiat of
taid MORiGAGEE, without no!ice or demand, suit st law or in cquity, therefar~ pr thereafter bequn, may be prosecutsd ss if ali moneys Heured hertby
had r~rur~d prio~ to its inititufion.
7. That in tha event that ~t the beginning of or at any time pendirtg eny suit upon thi~ Nlertgage, or to foreclose It, or to reform it, or to enforcy
~yment af eny cleimt her~vnder, ~eid MORTGAGEE shall apply to 4he Court hwinq jurisdidio~ thereof for the appoPntment of a Qeceivfr, wch Court eMil
' Fo~thwith appoint ~ receiver of said mprtgsged p~oparty •II ind tingulsr, includ~ng ~II and ting~lar the income, profits, i~sues and revenus~ from whatsvsr
wurce dtrived, e~ch end ~very of which, it beinp exprealy urtderitood, is hereby mort9afled at if ~pecificelly set forth and dauribed in tha ~r~~tinq and
habendum tlauses hereof, •nd tuch RMe~ver shall Mve ell the broad end effective furtctions and powrr~ in +nywise anrrusfed by • Court to • Rrceiv~r, and
wth appointment ~hali br made by such Court a~ en adm~tted equity ind • mett~r of •bsoiuts ripht to uid MORTGAGEE, snd without nf~ranu to tM
adpwcy or inadeqwcy of th~ value of the propeny mortgaged or to the wlventy or insofvency of uid MORTGAGOR or tAe def~ndsntt, ~nd th~t ~uch
r~nti, fuofib, incoms, iuues and fevenue~ thall b~ appliad by such Receivar eccording to ths lien or equity of iaid MORTGAGEE srd ths practiu of suth
CauA. .
8. To duly, promptly end fully per~orm, discharg , execute, •ffest, complet~, camply with and ebide by esch •nd ~very tM stipul~tioru, eqnerrknls,
conditions am! toveni~ti in said promissory note ind this mort9aps tet fwth.
9. That in thr event tha ownenh~p of the rcwn~a~,ed premiiet; or any psrt thereof, bacom,e~ veated in a perwn other th~n ths MORTGi~GOR, ths
MORTGAGEE, iq wcceuon and asai9ni, may, withaut notics to the MORTGAOR, deal rri~h wch •ucceuor or tutceasor in interest with refrrenu ro thia
mwtpp~ ~~d tM debt hereby iscurad in tha +ame msnne~ ss with Mortgaqor without in any way vitiating pr'd~stharflinq the Mortg~yon' liabllity h~rs
u~dsr or vpon the debt hereby sec~red. No ~ale oi the premi~eo heraby mortqaged and no forbearance on the part af tha MORTGAGEE or its wcceswn
or ~uiqns ~nd no ~xt~nsion of the time for the peyment of th~ debt hereby secu.ed q~~en by the MORTGAGEF or ita succsawra or assip~, ?hsJl op~ret•
b nl~wa, disclrirp~, modify ch~ny~ or rffect th~ oripinal Iiebitity pf ti» MORTGAGQR hsrein, eithar in whofe a In part,
10. !t is fpecifically pr~ed that time is of the eisence of this contr~ct •nd th~t no waiver of any obligetian hsrrunder or of ths obli9ation sa•
~vt~r! Fwreby th~~l ~t ~ny tima th~re~fter be held to be ~ weiver of the f~rmi hareof or of the insrrument sec~rcd herby.
I 1. In sddition fo the foregoing monthly pe~ments of princ oc; and interest required by >he p~om:~wry note secured hereby, mo~tyaflor covenanri
•nd agrees to pay to mo~tpegea with eath monthly payment an ~diition~) wm esrimsted by mortg;,g2e to be equ~l to 1/i2 of the ennua~ cotit of tM fofiaw-
i~p:
A-All real p:operty taxra levied a asxrssed against tlie •bove described reel estate.
B-Premiums on fire md windstorm insurar,ce as herein rcquired to be terNed on the improvementf tituate on the sbove described pr~misat.
C-Qramiums o+~ wth mortgage guaronty insurance ss mortqagee shall from time to time deem fit to tarry on the loan secured hareby.
1Nortflaqee shs!I fran time to time notiiy monpaqor in writirsg of th~ amount due and peyable hereundcr i~d •uch ium ~heti thereupon b~ du~ ~~d
psy~b~~ on the dua date of tha next manthly payment •nd exh suttessive month thereafter until mangagee ahell notify mo:tgiflor of i chany~ in ?uch
~movm. Such •uma shall be ~ppliec by mortgagcs tow•ard the piyment of rtsl property texat, intiura+rce prem;ums, ?nd mwtpafl• yu~ranry intur~rtts
prtmivms. '
!Pl WITNESi WHEREOF, t uid MOR.TGAGOR has herQUnro ~et hi~ hand snd seal fhe da nd yeer first afuressid.
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`~MiT~I~ Mind and ~ffjci~l- ~~l t1+la.~ 1_ Q~~1 d~y JU A. D. 19 6 5
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Citii~rt: F~d~nf Savio ~ri ~ - . ?i ~ltt'•y
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