HomeMy WebLinkAbout1244 And said Mor~ypors, for tMms~lv~~ ~nd th~ir h~in. Ip~l r~pr~~tatives, tuatt~a~ and auipna. M?~by jatntly ~r?d Nvw~I{y tow~ant ~nd pn~
ro and with tM uld MORTGAGEE, ir~ ~ucc~~sae •nd aui9~s;
1. To pay •II ~nd tinpul~r ih~ princ'rpal and imr?~st ~nd the v~rious ~nd s~ndry avm~ of nwn~Y paY~bl~ by virtw of ~aid promiswry rah, ~nd tl?i~
mortyap~, ~ach rnd ~very, promptly on tFw dayi r~spettively tha ism~e Nv~rally !»toen~ dw.
2. To pay ~II and ~inp~lsr tM uxss, ~iuism~nt~, I~vies. lia6ilitin, obli~ationt and M+eumbnneN of ~wry natur~ ~nd kind now on uld dNCrib~d
propNty, w th~t Mnaftsr m~y b~ impos~d, wff~r~d, platsd. I~vi~d, w~ar~~~d tMrson, or tMt AenahN moy b~ bvi~d w«~wd ~+pa~ t6b Mor1¢
aq~, or tlr~ inel~b?edn~u s~cured hertbY, eacfi and ~wry, wMn dw and p~yabl~. ~ccordinp so brw, b~fon thty lKCane dN{nqwnt, ~nd b~fo?~ ~ny InhrNt
artachss w+ny pen~liy i~ incurred; ANU INSOFAR AS ANY THEREO~ IS Of RKOR~ TMf S~INf SHAII SE PROMPTIY SATlSFIED AND D15CIiARGED OF
RECORO AND THE ORIGINAI OFFICIAL DOCUMENT (SUCH AS. FOR INSTANCE, THE TAX RECEIPT OR THE 5AT1$FAtTION PAPER OFFICIAIIY ENDORSED
bR CERTIFIED) SMAII 8E PIACED IN THE HANDS dF SAID MORYGAGEE WITHIN TEN ~AYS NEXT AFTER PAYMENT, ~nd in tM evtnf tMt ~ny fhfr~of b not
paid, ~~t~~(ird and di~thargad ta:d MORTGAGEE m~y •t ~ny lime piy tha sama or •ny part ther~of withovt waiviny or aff+ttirq ~ny optipn, I1M, ~quity w
•ipht under or by virtue of thi~ mortgaQe and the full amouro of tath and every such paymtN sh~ll b~ imm~diHely du~ ~nd payable ~nd rMll b~a~ iryfK~~1
~~om the dats ~hereof uro~l p~id ai rate of ~iAht per tenrvm p~r annum and toyeeh~r w7rh :uch intert~t ~hall 6r ~ecur~d by tM H~n of th:~ mur~taq~.
J. To pi~a .nd oomtnuo~dy kwp on tM build:r+p~ now or her~af»r ~itw» en uid I~nd ~++d on ~11 ~qulp++~m and p~nonilly cowr~d by M+b nwrtp~ _
~p~y, with dl ~.~n!~mn t1»reon p~;,d 1n fvll, flrr imuruxr in th~ uswl ~t~rdard policy farm, in ~ ium ~pprowd by tM MORTGAGEE, ~nd windstorm
k~:xano~ In tlw wual ~tandard policy farm, In ~ wm ~pprov~d by th~ MCRI'GAGEE, in wch comp~ny w cwnp~nt~s N tM A1dItTGAGEf ?n~y
dir~ctr ~nd ~!1 f3n ~nd windatorm inwr~ poHci~s o.~ ~ny of said bvildi~ps, ~ny Intrhst fher~in or pirt lhtw~of, f~ th~ pprp~t~ ~um afor„aid or -
In ucpN 1Mrwf, ~1+a11 contain ttr wwl standud mortypN cla~w w avch otMr clw~e a~ tlw MortppM m~y hqvin, m~kinp rh~ lou undK said potF
tiN raefi ~awry, peY~bt~ ps ~~M MpRTGAGEE a~ ih 'entaaf may ippwr, and wch rr+d ~wry sucA poliey ~hatl b~ pnomptly ~a.pr+ed and d~liv~.~d ro
my MW by taid N10RTGAGEE a funfi~r sac~rity to ~sid ma+qap~ d~bt, and, na Iw tAan t~n (10) d~y~ In idw~c~ of tFs~ ~xpir~tio~ of ~ach policy, to d~r
liwt to s~id MpRTGAGEE • rMewal thsr~of, toQ~tMr with a nt~ipt fw tM pr~mium of wch reruwalj ~nd there sh~ll b~ rw fi?~ or windstorm inwr~nt~
pl~c+d on any of ~id buildi?~ps, any intefen th~r~in w p~rt tMnof, unl~sa in fl» form and w~th tF» bu pay~bl• as afaesaid; and in t!y w~r,t any wm
of moewy b~cwn~a piy~bl~ urwJ~r ~uch poi~cy ar polichs s~id MORTGAGEE slvll haw th~ option ro rec~iw and •pply the sarr?~ on ~ccounr pf tM ~ndeb~~
rrrst wcwrd Mt~by or to p~rmif ~aid MOR'fGAGOR5 ro ret~iv~ and uN it q any put thereof for otMr purposts, withouf thcreby w~iving or im.~+i~-
Inp ar~r ~iry, Il~n a ri9ht ~r w by vi~tv~ of this mwtQ~p~s ~nd In t}w ~v~nt uirl MORTGAGQRS ~hall fw ~ny r~aion fall to ke~p tM ~aid pr~misa w
trwund, w f~il to d~itwr promptly ~ny of Nid POIiC~1t of iruvr~nc~ to aaid MORTGAGEE, w fai! promptly to p~y fi,lly +ny pr~mium th~refw w in a~y
nap~cl fall to p~rform, discharp~, •x~cuf~, ~ff~tf, compl~te, comply with ~nd ~bid~ by thit coven+nt, a~ny psrt herwf, s~id MOitTGAGEE m~y plap and
p~Y for such {nwraru~ nr any p~n tl~wf without waiviRq ar afftctinp rny option, lie~, rqvity, or riqht und~r or by virtw oi thi~ Mlo~fyip~. ~nd rht
full amount of ash ~nd ~rory wch payrtNnt shsll b~ immsdi~hly d~» ~nd pay~bl~ ~nd sh~ll bear inttr~st from t1?~ dat~ th?rwf until paid ~t tM r~t~ of
nine p~r t~ntum p~t annum ~nd toQether with such interett ihall bs s~cured by tF» li~n of *.fii~ mortQ~pa.
4. To qemlt, aommit or ~uHrr ra wat~, impairrrnnt w detsr'arstion of said prop~rty or ~ny part tMr~of.
5. To p+~y al( k?d sinpul~r th~ costs, cM?qes and ~xpwnses, includiny • n~w~abl~ attorn~y i fae ux! cost~ of ~batr~cts of titl~, incv?r~d w psid at
~ny tim~ by uid MORTGAGEE, b~cww a tn the ~wnt of iM failvrr on rM E.an of th~ ~~id MORTGAGOR ro duly, promptly •nd fully p~rfwm, d„ch•ro.,
~x~cvte, ~ff~ct, complrts, comply with ~ru! abida by ~~ch snd ~wry tM ~tipul~tiau, ~ynam~nts, tonditions, ~nd cown~nn of t~id promFssory noN and ?hii
m~xtQaQ~ ~ny or ~itMr, ~nd ia;d co~ts, chrrq~~ ~nd sxpen~, Nch •nd w~ry, ~ha11 br immtdiat~ly due and piy~blr, wMtFwr or nat tMr~ b~ nofic~ d~
m~nd, ~tt~mpt to collect ot sult pendiny; and the full ~movnt of ~ach and wery such paymtnt ~h~ll beu inter~st from tM dat~ therapf until paid ~t tlh
r~ta of nir» ptr centum per ~nnum; and ~IS said rn:h, charae~ and expens~i incurr~d or paid, topether with svth Intar~tt, ~hall b~ art~red by th~ lien af this •
mortpap~•
b. That (a) In tM ~v~nt of any breath cf thi~ Martpy~ er dafauH pn ths part of tM MCYRTGAGOR, w(b) i~ tM wrnt ~ny o'f ~sid wm~ of mon~y
Mtttn rsflrnd to b~ not promptty and futly p~id within thirty (3U) day~ nexf ahar the ume severslly becom~ due ~nd pay~blr, without d~mand or notic~,
w(t~ M tM ~v~M ~aek aed w~ry tM stipulations, ~yr~ern~nri, tonditiom •nd to~r~nants of r~id prpmitwry ~ot~ •nd thit mortyap~ ~ny or ~ith~r ~rt no1
~vly. promptty' u~d fvlly prform~d, d~achuqed. ~xetuud, tffect~d, complst~d, compli~d with ~nd abided by, tMn in •itMr or any ~uth w~nt tM s~id ip
p~p~ts wm m~ntion~d {n uid promiaory nota then rsm~inin~ unp~id, with ins~n~t eccrwo, ~nd all mon~y~ ~ecur~d Mr~by, sh~ft b~com~ dw snd p~y-
~41~ forthwMh, w tMr~aft~r, ~t tM option of t~id MORTGAGEE, p fully and compl~t~ly ~s if sll of the ~aid ~um~ of mon~y vwr~ oriqin~Ily ~tipul~»d
ro be p~id on wch d~y. ~nythtr?p i~ aaid pramisaory not~ w ln thfs Morty~ge to th~ contney notwithsqndinp; and t!»~wpon w th~ro~hK ~t tM optioe of
~aid MORTGAGEE, withovt notin or d~m~nd, wk ~t law ur in puity, tMrefw~ or tMr~ah~r bpvn, m~y be prwECUt~d ai if ~II mon~y~ s~cund Mroby
Md m~tund ptiw to iff i~stitvtion.
7. Thst kv tM rv~nf th~t ~f tF,~ bplrtninq af or at ~ny tims pendiny any suft upoa thb Mortp~qe, or to foreclos~ k, or to raform It, or to ~nfwp
p~yre~~t of ary cl~imt h~reunder, uid MORTGAGEE shall apply to the CouA havinq jurisdictio~ therwf for ths appointment of • Receiva, ~uth Court sMll
forthwitfi ~ppoint • r~qivtr of ~aid mort9~yed Ptpperty alt and ti~yutar, includmy •tt ~nd sinflul~r th~ incoma, profitr, iuwi ~nd nvtnu~a from what~v~r
wurc~ d~rivrrd, +MCI+ arxl ~very af which, it beinq ~xprtrasly unders~ood, ii F»reby mortqprd a if speufically at forth ~nd dssaibed in the qr~ntinp ~nd
habs~d~m clauie~ Mrwf, ~nd such Receivcr shall Mv~ all tM broad •nd effep~ve functiorn ~nd pnwen i~ anywis~ ~ntrust~d by • ta+rt to • R~eeiv~r, ~nd
wch ~ppoirttmtnt shall b~ made by such Coun as sn sdmittsd equity ~nd • rtutttr of •bsalute riyht to said MORTGAGE:, and without nf~r~nu to th~
a~ipuacy a Inadpuacy oi the v~lw of tM property mortysysd w to the solwnry or intolvency of said MORTGAGQR or iM d~f~ndmtr, ~»d tFut ~~ch
nn», profiri, (ntan~, istue~ ~nd revenuri sMfl be ~ppli~d by such Raceiv~r accordinp to the lirn d ~quity of said MORTGAGEE and tF~ prectic.~ af ~uch
Cetirt.
8. To duly, promptly and fully perfwm, dixharpe, axecvt~, ~ffect, complet~, comply with •nd ~bide by e~ch •nd ~v~ry ths stipul~tiont, pnem~ets,
tonditio~t ~nd tov~nts in aaid pramiuory not~ ~nd thia rseonyay~ wt forth.
4. Th~t in tM went the own~nhip of th~ mortyayed premisp, o~ +ny p~rt thertof, becomes w~t~d ln s ptnon otMr tMn tM MOR7GAG4R, tfia
MORTGAGEE. tts suaeuon and ~ssig~~, m~y, without notke to tM MORTGAOR, d~al with such ~ucceswr or ~ucceswr in intsrest with r~f~r~nt~ fp thit
mwtQsp~ and th~ dtbt h~r~by s~cured in the tama m~nr»r u with hbrtflaya witAout in any way vitiatirrp or ~diicharpin~ th~ Mortyaqon' IIaWlity herr
under or vpon th~ debt hereby ~ecured. No aale of tM pr~mis~s heraby mortysyad rnd no forbearanc~ on tht part of th~ MORTGAGEE w its wctruon
or ~saiqrn rnd rroo ~xt~nsion of tM time for ths psyr»~nt of th~ dtbt hereby ~ecuned qiv~n by tM M4RTGAGEE or in sucuswrY or suiqns, shdi op~r~t~
io ~Is~s~. di~x~pt, modify chanp~ or sff~ct th~ or;pin~! liabitity of the MOR7GAGOR herein, •itFxr in wholt a In pa».
10. it b spacificslly aprsed shst t~ma h of tM suence of thi~ contract •nd that no waiver of any oblEqstfon herevnder or of th~ obliyation co-
cw~d Mrsby thdl ~t ~ny tirrk ther~after b~ h~ld to be a waiver of tht terrtu her~of or of the instrument secured herby.
11. In addition to tM foreyoiny monthly psyments o4 princ pal •nd intarest requered 'by the promiuory note ucured heraby, mwty~or toven~ntt
~nd +qr~ei fo pay ta mortpaflae with esrh monthly payment an ~dditio~~l sVm estimstad by morrg~gee to be eq~~l to 1li2 of the ~nnusl cost of tM fotlow-
~9~
A-All rNl prop~rty t~xes levied or esses~ed ~ein:t the •bov~ described re~l ert~te.
6--Premivms on fir~ ~~d windstorm insurante a~ herain raqvirad to be carried on tha improvements ?ituate on rha ibovs destribed prtmises.
' C--Pr~mlum~ on such mortps9a puaranty insurancs as mortflagst sh~ll from tirrw to time deem fit to carry on the loan t~turMd hfr~by.
Mortpa9e~ ~hall from tim~ to ~irt» notify martysqor in writing of tF» •mount dve end payable hereunder ~nd auch ium sh~ll therwpon b~ duo snd
p~yebb o~ tM dw e~te aF the next rrw~th~y psym~nt and ~sch ~ucces~ive month then~fter untit mortyagee ~}u!1 notffy morty~qw of • thinp~ in auch
•movnt. Sutfi wms shall b~ ~pplied by morips9N toword tM p~ym~nt of red prapsrty ta:a, Insur~nta premiumt, snd moApa~~ yu~r~nty insur~nta
•rniuem,
IF! WI7NE55 HEREG1f, tt ~id MORTGAG412 h~s harwnro t~rt hit h~nd ~nd wal tt» day ~rud year firsf eforesaid.
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- 1M1;~l~SS pMr iw.d viP~cial ~~1 titis ~ 7~'~1 day of A. D. 19_~
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