HomeMy WebLinkAbout2273 Mc+ ~aW Mlorppas. for lhsma~lvti ~nd ti»3r Mirs. {p~l rpr~utiw~. arca~w~ ~nd ~wipn~. Mnby jointly ~nd arv+rslly wvice+~nt and p?~
W~~d with th~ t~id MJRTGAGEE, i~s ~ucu+aors ~~d ~ssipm:
1. To p~y a1t u~d sinpular eM prLrcipsl u~d intK~ ~~d tM v~iow a~d ~wrdry ~um~ of naney paY~bl~ bY vtrn~ of aid prumia~nry noh. ~rd thi~
morty+4~. Nch ar~ ~wryr. Pron?Ptly on ~M diys n~p~ttiwly th~ wm~ rewrdly bKOnM dw.
2. To pay •II N+d ~ir,yuf~r H?~ axti. ~ssnwwn~s. NviN, IioWliti~a, oblipatio~ +ed ~N'rc~s of ~wry ^rh~+ ~d kH'd ^°'N MW d~uib~d
propMty, w H~at hK~sfN+ rn~y b~ impowd, wff~nd. pl~ad. Iwi~d, or ~wswd th~r~a4 er tMf hen+fM nwy b~ bvhd a M~Nd upon 1hM Ma1~
p~, a` th~ M+~d~bNdn~a ~cvn0 M?~by. ~ach a~d wNy, wMn dw ar+d pay~bh, aao?dMp !o law. beior+ M~y b~co+r» ddl~qw~t, and b~fo~• any N~M~«t
sttaclr» w~ny p~n~lty » irxu~r~d; ANO INSOFAR AS ANY TMEREOF IS OF RKORD TME SAME SMAII ~E /'RUIIMTLY SATISFIEb ANO DISCMAKCsEG OF
RKORD AND 1HE ORIGINAI OFFICIAI DOCUMENT (511CM A5. FOR 1ldSTANCE, THE TAX RKfIIY OR TME SATISFACTIbN PI1rER OFFICIALIY ENDORSED
OR CERTtF1ED) SFIAII SE PIACE~ IN TME HANDS Of SAIU 1NORTGAGEE W~YHIN TEN DAY3 NEXT /~TER PAYh1ENT, ~nd ie+ tM ~w~t iMt a~y tMr~of h ea~
peid, ut;~fi~d ~nd diuh~?9ed w:d MORTGAGEE en~y at ~ny t~me p~y tM tNne o~ +nY P~rt tF~wf wfthOUf w~ivinp o~ ~fhctinp optio~, li~n, puity a
.ipht undsr or by vi?tv~ of thi~ mortya9~ utd tM full ~mou~t of ~ach and ewry wth psym~nt ~hall b~ immrdiat~ly duv ~d payabb ~r+d ~MII bNr intKM~
~rom tM dat~ th~rwf until paid ~r ate of ~qM p~r c~nwm per ~enum and toq~rhN w~th such intKNt sMll b~ acund by tM li~n of M:s ma9t~.
To pl~or ~nd ow+fMwowh kNP an th~ butWh~ps now or Mnrh~r Ww1~ on Nid iand ~nd an ~11 putpnwN ~nd Paw^rIN oow?~d 1?Y ~ maf~
p~r, wMh ~p p~nrnNNry tFwwa~ p~id in full, flrr kNwMra In tM wwl Nandwrd Po1kY 1wrn. in •~wn p~yxowd b~r tM MORTGAGEE. ~nd wfndqoren
M+Mn~nw In 11M wwl standa~d poliry forn~. In • wm ~ppov~d by'tM MORTCsI1GEE. k+ wcl~ comp~+Y o? oon+W^i+~ M th~ AWRTGAGEE m~y
dirrctt ~nd ~U An and wind~~wrn kw?.~nn policiM oe any of Mfd build~np~, ~ny IntwKt tl».~in w pat tMr~of, fn tM p~npd~ wm sia~id w
M~ tl~~o(. ~11 com~ln tM wwl ~t~nd~rd rnort9pM alaiw oc-wth otMr c1auM a~ tM Mor~ppM nwy nquin, m~kk~p th~ loa und~r wid potM
d~s. Mcl1 w~fi ~wry. MYabl~ to wld MORTG/1GEE a Ns int~t m~y app~w. ~nd ~fi ad ~wry such poliey ~hall 4~ p~a^PNY +w.pewd ~nd d~liv~r~d to
~ny AsW by wW MORTGAGEE ~ furMwr Ncvrfty ro Nid ma~yp~ d~W. ~nd, nof Iw tMn t«~ (10) days In +dv+na of rlw ~xpiration of wch poliep. to d?
11va fn wW Mt~RTCrAGEE • r~ewal th~nof, top~tl~ wFth • ncNpt ior tM pnmivm of wch nn~wd; ~nd tMn ~ha11 b~ no fir~ u windstorm InKx~nc~
pbprd on ~ny ef Nfd buildt~ps any inNr~st 1F+K~in w pirt tMhof. unlas 1~ tM form and wlth tM loss p~Y~bl~ a afonaaidr +~d i~ tM ~`N^t ~ny wm
of mon~r 6~oonwa p~y~bl~ u~dK wch polky w policNs ~+ld MOR7GAGEE sh~ll Mw tM optian ro?sa(w ~nd epply th~ um~ on accovm of tM lncl~bt~
nw wtw~d 1~M~by a w pKmit s~id MORYGAGORS to r+c+iw ~nd uN h a iny p~rt fhereof fa otMr purpose~, without tMreby w~ivinq u imp~i?-
lnp ~r ~quitp. li~n w riqht w~d~r w by vktw of this mor?y+q~t +~od in tM ~wr+t uid N10RTGAGORS shdl fa ~ny r.awn f•11 ro k«p rM wkJ p..m~,a .o
{n~~xod, w f~il to d~livw p~omptly ~ny of ~+id polki~s of in~w~nn ro~ald AhORTGAGEE, or f~N promptly to p~y f~lly ~ny premium tMnfa w{n ~ny
r~apK't f~il b pwform, diachKy~. ~x~cv». ~ff~ct, compl~is, comply wlth and abid~ by thi~ cow~+nt, a any part Mrwf, wid MORTGAGEE may plao~ ~nd
pry for wrh fnwrann or rny part tMrwf without w~ivinp or ~ffitctinp any option, li~n, ~quity, or riqht undK a by virtw af this Mortyaq~, ~r+d tM
full ~mo~ent of ~ad~ N+d ~wry wd+ p~ym~nt shall b~ imm~dtat~ly dus a~d pay~bl~ ~~d sFwll b~ar i~tsr~st from tM d~r~ rMrrof until paid ~t tM r~t~ ol
n{rM p~r qntum pK ae~mim ~~d ~apetMr with iush int~rest ~h~ll 6s s~cur~d by th~ Il~n of this mortq~.
4. To p~rmtt, aormnit w wff~r ra wat~. {mpairm~nt or d~taio~~tion of iaid propKty o~ ~ny p~rt tMnof.
5. Tc phr all and sinput~r th~ cwts, cMrya and ~xP~rw~, includinp ~ rNwn+bl~ ~ttorr~y's fN and cwts o~ tlxtncts of titl~, ir+ca:rr~d ar p~id ~t
«ry tlrtk by ~+id MORTGAGEE, btt~we a in tl+~ ~we+t of tM f~ilvr~ on tlw Wrt ~of tM ~+id IYIORTGAGOR M dvly, prompHr ~nd fulty p~rform, diuF?~r~~
~xaevh. ~ff~et, oomP~~. ~Ph with and ~bid~ by ~~th ~nd ~wry th~ stip~rlatioe+s. p?~^ta, eaditioea, and eoven~nn of ~aid praniuwy ewt~ ~nd tf?u
matprp~ ~nY w~ithK, and uid cwts, charpn ~nd ~xp~rn~n, Mrh ~nd ~wry, ~hall b~ lmm~dia»ly dw and piysbl~r wMthsr or r,ot M»r~ b~ notie~ dr
m~~d, ~thmpt to ool{~ct o? wlt pN~diny; ~~d th~ full ~mwnt of Nch ~nd w~?y such p~ym~nt ~MII b~~~ intenst from tM dat~ tMrwf until paid ~t tM
r~ro of nin~ par tvn:um p~r ~nnum; ~nd ~II s.id cwn, charqn and exp~ns~s incurr~d w p~id, toq~tM? with wch int~r~at, ~hall b~ wcvr~d by th~ lien of thu
malp~pa
6. Th~t In ti» swnt of any bre+ch of thb Mortp~qs a dff~ult an thr p~rt of th~ MOltTGAGOR, w(b) in the w~nt sny of uid sums of mon+y
h~nln rd~tnd ro b~ not promptly ~e+d f~lty paid within thirty (30) d~y~ Mxt ~f1H (M sIT~ NvM~lly b~eom~ dv~ ~nd pay~bl~. without d~m~nd or notks,
or W M th~ ~vrM Neh and ~v~?y tM atipul~tiWU. WrMnwnb, eondltiom ~nd tovsMnh of ~aid p?omiswry rat~ •nd thi~ monyay~ any a~itMr ~es nd
~uly, prompHY ~rd fully p~rform~d. di~charp~d. ~:~cut~d. ~ffett~d, compl~Nd, oompli~d with ~rtd ~bidad by, tMn in ~ither w any iuch went tF+~ wid a~
0~~1r wm rMnfbrnd in raid promiuory noh then r~maininp unpaid, with imenat aotrwd, and •!1 morny~ wtu~~d F~nby, sFull b~tam due ~nf! paY
~bb ipthwtth, o~ tMrNft~r. at th~ option of naid NlORTGAGEE, u fully ud eompl~r~lr a if ~II of tM wid wm~ of moe~ey ws~~ orpln~lly ~?tip~ta»d
fo b~ p~id on wch d~Y. +nytF?inp ih ~id promissory rat~ or k+ thb Matyaye to th~ contr~fy notwithtur~diny; ~nd tlxrwpa+ or tF»ruhar ~t tM option of
t~id MORT~'sAGEE, without natic~ or d~rtwnd, wk at law or in ~q~ity, tFKr~fw~ w th~tMfter bpuo, maY b~ prw~cvtsd a if ~II ma»y~ ~scvnd h~nby
1~od rn~tvnd prior to it~ Itutitutiw~_
7, TMt In tiw ~wnt tl~at ~t th~ bpinninq of or ~t any tireM p~ndinq any wlt upon fhh Mwtyp~, or to fw~elos~ k, or ro r~form k, w to snfores
p~yre»nt of ~ny cleimt h~rsunder, ~sid AAORTGAGEE sh~ll spply to th~ Co~rt Mvirp 'ryri~didio~ therwf for tM +ppo~ntrr~ent af • Reuiv~r, auch tourt ~hall
iorthwith ~ppoint • roc~iwr of ~ald mort9ayed Proparty all ~nd ~irgular, lrxludmp •tl snd slryul~r the inwrrN. profin, luup ~nd nvenun from whatrvsr
qurc~ diriwd, ~wch i~d wery of which, it b~inq ~xpreuly und~ritood, is h~r~by mortyqd a if sp~cifically s~t fwth ~nd d~svib~d in tM qr~Mi~p ~nd
tkbrndwn claw~t h~rwf,. urd such Reufenr ~MII hew •II t}?e brwd ind ~ff~ttiw funct~ar?s and powsr~ in ~nywit~ ~r+tr~»t~d by • Court ro s R~aIvK. ~nd
wcfi sppointm~nt ~hall b~ mad~ by wrh Court as +n ~dmitt~d +quity ~nd a rrrtt~r of ~bwlutt ripM to said MORTGAGEE, u~d withovt nfsrsnce to tM
sd~q~aey a fn~dpv~ey of tM valw of t~ prop~rty mwty+q~d ot to tM ~a?v~ney or insolv~rxy of ~aid MORTGAGOR o? 1te~ d~f~nd~nts, ~nd th~t ~ueh
nnn, profits, lnaon», i~aw~ ~nd rwenws uull b~ appli~d by ~uch R~ceivH ~ocwdinp ro Ns~ lian o~ ~qvity of wid MORTGAGEE and th~ pr~ciic~ of wefi
Gwt.
a. To duly, pranPtly ~+d fully p~rfwm, dischsry~, exer~ts. ~fF~ct, wmpl~t~, comply with and ~bide by e~ch and ~very th~ stipulat{ap„ pn~nt~,
conditiorr ~nd cov~ants in wid promiuoty not~ ~nd tha mort~ap~ ~es forth.
9. that in tM iwnt tM owewnhip of tfi~ mort~aqrd prtmis~, a ~ny part tMnof, becarnr~ wstrd in a p~rwn othtr tMn fh~~VMb tM~
MORTGAGEE, Its waesson and auiqns, may, without noti~u to tM MORTGAOR, d~al with such wcctswr a successw in inter~st ,~il ~f~r~'tlnia
mat~~ ~nd tM debt h~r~by s~wnd ie~ tM sarr~ mahnK s~ wlth Mortyapw without In s~y way vitiatlnp a~d~xhupinp tM •'11a~(if~1' bert
ur~dK or upo~ th~ d~bt hsrQby iOCY?fd. NO MIf OI t~1! PfM11fM Mreby mortQay~d ~nd no fwbe~ranu on tM p~rt of t1+~ MO~'C,A ~atf W'~~xceuort
or afsiqrr ~rid no rxtaaion o~f tM timr fa tfi~ payment of th~ d~bt her~by ~ecur~d p"~w~n by tM MORTGAGEE or its ~ucc+iWrt ~Mr~+MK ~a~ •
b nM~. diafiry~, modify el+.r+q~ or ~ff~e~ th~ wiyinal li~bilitp of rM MORTGAGOR F»r~in, ~ith~r i~ who{~ a In P~rt.
i0. H b sp~e~fically ~yrNd tMt ttm~ b ef th~ a~encs of tha com*act ~nd tMt no waiwr of any obliQation hw~vr~etaf. ~~~oWi~tion i~•:
w?~d h~r~by ~MII ~t ~ny ti~rr tMrwftsr br Mld to b~ ~ wdver of tM t~rrru Mr+of a of tM instrurrxM Hcured herby. - • _ -
f ' -
11. In ddition ro iM for~yoinq monehlY paYmtnta of prine psl ~nd Imersst req~ired by !M promissory note secund Mwitb~' ~1+¢rfppos~brven~¢A t; '
~nd prNS to p~Y to nwrty:ye~ with ~~ch monrhlY psYrrwnt ~n additio~al wm ettim~ted by mortg~yw to be pwl ro 1/12 of rh~ tqnfil,i~qf df,~fhi1#qljdvr-
.
+ .
A-All rNl prop~Ny t~xp bwird a aurrs~d ay~in~t tM ~kww dtacribed nd ~state. .r~~~r~~ .
6-Pnmivrn~ a+ fir~ ~nd windstam inaur~nu ~s h~rein rsquind to be urri~d on tfio improvements ~itwt~ on tM •bov~ d~st?ib~d pri+~1SIM:~
C-Pr~miumt an wch moftpp~ pwr~nty inwranu ~s mortppa shall fr~m tirrK to tim~ d~em fit to csrry o~ tM {wn ~ecvr~d F»rsbjr.
Mortq~pM shall from timt to tirr~ notify inort~aqor M writinp of the +~ovnt dw ~r+d p+yablc Meeund~~ ~nd iuch wm thall tMrwpo~ bs dw and
paY~b1~ on tM dw d~h of tM nezt nwrethlY paYmN+t and Nefi woe~ssiw month fMnaf»r unfil mortq~yee shall notify mor'tq+por of r efiae+p~ !n weh
~rr+ou~t. S~ch w~ra ~li 1» applisd bY +no?to+7N tow~rd tM paym~rst of rul ProP~nY t~xes, Inwnnn pramivrru. and mortpaps qwr~nty iRaura~
pnmfwn~.
1~1 WITNc,iS WHEREOF, w1d MORTGAGO~ ~C ~A~R E~th~ day u~d y~~r fint afwes+id. ~
a~d d~l tM pr«~r+cr ah • ~
S/ ~~K
.r,~~~G~~.. n
5~EP ( 4 PM 3: 10 ~n
i s~~r~ oF r~qlu~,<< -~-~c~3' %
J~
~ ROG RsF~~
~ ~~~'`~,~1i'~c'`7',i~~1e ~ LUC~ I t~AS CLERK~-
ti ai. Q~~i~n S~ead
~,r. p'c.°~iNt'' ;~„'.d 'nd
~ ~ F~ r: , hb wife, ro~m w+ll k?wwn Wed iu+own fo rn~ to b~
14ei ~rib~ kr, a~d_who u~cvt~d th~ for~yoinp kutrvmxA, ~nd adcnow 'b~fon rrN th~t tMy ~x~art~d tM sarrn fw t!» p~rpw~~
M~in~?t `~x~.:~w.b. Me!-~tu:..+d~_,.. H~~Pj} ~tead ,
w~1~'i d 'Ny ,i~d ' ~ \ ~ C vpon ~ w~,~.at~ ~nd piv~N
nc~MJrM~{pl~. bY m~ t~• - a+d •p.n from h~r said ipnb~~d, ~ck~wwl~dp~d fo ud befw~ er» that ~M •x.cuted Mid frurrurr~nt hNly ~nd volvrr
~~M~.~~+t oq~bn, conatr~i~t, ~pphl~uioe. a fw of a from hK wfd Fwsb~nd.
~YIRI~ ~rnd offklsl fe~! 1rht. l~ t'irl ~y pf E.' 'E iTi T A. D. 19~
11t111~;:,~~
Ne1~ry Publk In ~nd Stat~ o'F F1wfd~ st ~rr'pi
My Comrt?Msiort •
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Citiss+.~ hdsral Savie ~ Loa~ Aawd~fion i:0iarp ~E4 S~d~O 01 F'cr;~a at Lar9r
ef 5t. t~ct. cow~tr :.hy Ca,,,'`~<.;: :~,.-u•~~ ;~ch 1, ~9~~
~~V ~~a;c.shy Co;
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