HomeMy WebLinkAbout1327 And said Mortgagors, for themselves and their hein, leg+l represenfstivet, suct~t:on ~nd ~ss~qns, fiereby joi~tly a~d saver~lty covtna~t end aqree
to end wHh the said h10RiGAGEE, its successors end at:ign~:
T. 1o pay ell and singular the printipal and interest and the various and tundty sum~ of mos+ey payable by virtue of said promitwry not~, and this
mortgaga each snd every, promptly on the days respectively the fame sewroily became dus.
To pay sll a~d ~ingular tha taxes, esiesxments, levies, liabilitits, obliystion~ ~nd artvmbnncet of every n~ture and kind now o~ t~id deuribad
property, or that hereaiter mey be impoud, suffcred, plated, levied, or isseised thenon, w th~t hereafter may bs lavied a auesud upon thit Nbrt¢
age. or tfie i~debtednesi tetured hereby, esch and eve~y, when due and payable, sccadinp ro l~w, before they becom~ delinquent, and bcfor~ any int~rHt
attathes or any penahy is incurred; AND INSOFAR AS ANY THEREOF IS OF RE~ORD THE SAME SHAII 8E PROMPiLY SATISfIE~ AND DISCMARGED Of
RECORD AND THE ORIGIfvAI OfFICIAI DOCUMENT (SUCH AS, FOR INSTANCE, 7HE TAX RECEIPT OR TtiE SATISFACTION PAPER OfFIC1AllY ENDORSED
OR CERTIFIED) SHAII BE PLACED IN THE HANDS OF SAID MORTGAGEE WtTHtN TEN DAYS NEXT AF1ER PAYMENT, and in the event that sny thtreof is not
paid, sat~stied and dischergcd sa d MORTGAGEE may at any t;me pay the ~ame or any parl thereof without waiving or affecting any optio~, lirn, equity or
' .ipht ~nder or by virtue of this mortgage and the full amoum of each and every wth payment shall be immediately due snd payable and ~hall bear intereit
from the date rhereof until paid at rbte af ~iyhi per centum per annvm •nd together with tuch intere~t ihell be secured by the lien of th;t moryqqe.
3. to plaa ~~d ca+tfn~ovtly kNp on tM bvildirq~ now or MrqfiK ~itvat~ o~ t+id lind ~nd on ~II squtpm~nt rnd p~nonelly cownd by tfiis mortq~
p~, with ~II prsmiumt th~r~on paid in full, fin inwr~nc~ in tM ususl .t•~dard poiKy form, In • wm ~pproved by tM MORTGAGEE, and wl~dstorm
insur~t~d In tM uiual star~srd pol~ry form, In a wm spproved by tFw MDRTGAGEE, in wth canpany or ~mp~rtit~ a th~ A10RTGAGEE may
dir~rh rnd fin and windstorm irour~ncr policies on ~ny of seid buildinqs, +~ny (Merat tMretn or p~rt thrr~of, i~ th~ ~pyrpata sum afw~said ar
k+ ~aoru tMrwf, th~ll cont~in the uswl st~nderd mortqey~e cl~use w such oth~r d~usf n tM Mortpa~N may r~quir~, makfnp th~ loq undtr ~sid pall-
ti~, each ~ tv~ry, payabt~ to ~~id MORiGAGEE as it~ inttr~~t may appo~r, and ~~ch ~nd ~very such policy shall b~ promptly ~u,yn~d a~d deliv~red to
~ny 1?~Id by ssid MORTGAGEE u further tecurity to wid mor+p~y~ dabt, and, not I~ss th~n t~n (10) d~ys tn advanc~ of th~ •xpir~tion of e~ch policy, to dr
(iv~r to Nid MORTGAGEE a renewel theraof, toqethsr wiTh • receipt fo~ tM p~~mium of tuth r~n~wtl; u+d there ~MII bs no fi?s or windtlofm inwtanc~
plx~d on ~ny of said buildiny~, iny interest therein or part ther~of, vnleis in tht form ~nd with tM los~ payabl• a~ aforesaid; •nd in th~ ev~nt •ny sum
of monsy b~comet p~yabl~ under ~~ch poHcy or policie~ u3d MORTGAGEE shsli h~ve tM Option to rKeiv~ and appty tha same on eccovnt of the indebtsd~
n~u ~atur~d h~reby or to permit raid MORTGAGORS to receivr and use H or any p~rt thereof for other pvrposes, without thereby waiving ot impair-
trq any tguity, li~n or riyht u~der w by virtu~ of th~a rnortqafl~; a~d in t}» ~v~nt t~id MORTGAGOR$ ahall ior ~ny reason fall to keep tM taid pr~mises w
in~ur*d, or fail io dtiiver promptly ~~y of aid policier of tniurer~u to ~eid MORTGAGEE, o~ fail promptly to pey fvlly ~ny pramium thtrefor w in •ny
rsspect fail to p~rfo~m, dlscherge, execute, etfect, complet~, compfy with and sbide by thi• cov~nant, w any psrt hereof, ssid MORTGAGEE m~y place and
pay fo~ ~~ch Insurance or •ny ~rf thsreof without wai,riny or affeain9 any option, lien, equity, or right undcr or by virtue of this Morry~~gt, and the
tul! amount of esth end ev~ry auch payment shstl be immedistely due and payeble ~nd ~hall beer intere~t from the dat• thersof until paid af the ~at~ of
nir» per tentum per ~nnum snd together with such interest ~hall be secured by the li~n of this murtq~ya.
1. To permit, commit or suffer no waste, Impairment or deter'roration of taid property or any part tfierwf.
S. To p~y •II ~nd tinpul~r tM costs, thar9sa and expenies, intl~diny s re~tonable ~ttorney'~ fn and wsts of ab~tnda of titls, incurr~d or paid ~t
sny time by t~id MORiGAGEE, E~1CaU1d cx in the event of the failur~r on tM Fart of tM ?iid MQRTGAGOR m duly, promptly i~d fully p~rfam, diuhsr9s,
lRKUi~, effect, complete, comply with and ~bido by each and every rh~ atipvl~tions, pr~smsnri, conditiorn, ~nd covenanh of ~~d promiwqry nore rnd this
mortp~ya eny or •ither, and said coah, chsrpe~ and expsnte~, each and s~~ry, sb~ll be immediately due •nd pay~bte; whet?rer or no1 tfi~r~ 'o~ notic~ da
mand, ~tten~pt to colltct w wit pbnding; and the full amount of each and srary suc6 paymem thall bear intere~t from 1he date thercof until paid ~t the
rate of nine per centum per ennum; and all seid costs, tharqei and expensea inturrad or p~id, to9ethar with tuth intetetL shsU b~ securod by the lien of this
n+atO~Q+•
6. That in ths event af eny b~eetfi of this Mony~y~a er def~ult on fhe part of th~ MORTGAGOR, or (b) in ihe av~nt eny of ia~d wm~ af money
hNtfn rsfsrred to be not promptly and fully paid within fhirty (30} days nrzt after the •~me teverally become dve and psysble, wiJhouf demind or notitt,
or (c) In t!~ ev~nt sach rnd evory tha stipularions, ~qrsemrnr~, condirians •nd coven~n» of i~id promi~eory nore •nd thi• mort9y~e ~ny w~i!Mr er~ not
ivly, promptly •nd fully p~rformed, d~acharyed, e:aut~d, ~ffected, compl~ted, complitd with and ebidad by, then in either or any tuch ~vsnt ths said ~y~
prefl~t~ wm mmstionsd in uid promifsary note than remaining unp~id, witfi interest ~ctrutd, a~d all money~ ~rcured. hereby, ~hall bKOmt dw and pay~
~b~s farthwith, or theraaher, ~t the option of said MORTGAGE~E, as fulty •rd tompt~tely as if of tfie wid sums of money w~re oriyinafly qipulat~
to paid on tuch day, anythinp in ~a~d promiasory nota or in th+s lYtortgage fo tha to~trery notwirhstandinQ; and thersupon or rhsre~h~r ~t tM ~sption of
uid MORTGAGEE, withovt norice or demand, tuit af law or in equity, therafon or ihtroa4t~r bspun, may be prosecuted a~ if all morwyt Hcur~d h~r~by
hsd rnatund prior to in irsttitution.
7. Tlut in the ~vent thaf at th~ beqinniny of o~, at o~y time pendiny ~ny auit upo~ thia Mortflafle, or to farecloae ff, or M re4orm ft, or !o snforu
p~ym~nt of ~ny cl~imi F?erevnd~r, taid MORTGAGEE •hall ~ppiy ta the Gourt h~vinq juri~dictian therrof for rhe ~ppaintment of ~ Receiv~r, tuch Coun ~l+all
Fortfiwith appoint ~ recaivar pf taid mortysgrd ptopeAy •II •nd •inyul~r, includ~nq alI •nd •inyul~r the income, profits, is~~es •nd rev~nw~ from what~v~r
~ourt~ d~rived, e~ch ~nd svery of which, it beiny e~prruly ur.dars?oad, ii h~reby mwty~yod n if sp~c~fitslly set forth •nd dexril»d in th~ yr~ntinp •nd
Mb~ndvm clavwi herwf, and such Receiver shaSl hav~ all tha brwd and effectiv~ functions and powen in snywise entrust~cl by ~ Cwrt to a R~ceiv~r, end
wth appafMment ihall be mad~ by ~ush Court •r ari ~dmittrd rquiry and ~ matt~r of •bsotut~ riyht ro aid MORTGAGEE, u+~ without rtf~rents to th~
~qvscy or ieudeqvuy of ihs v~lw of tFa propsrty monp~y~d o~ to the wlwncy or inwlvancy of said MORTGAGOR a the defsnd~nri, ~nd that suth
r~nri, profiri, intom~, is~ws and r~venuN thall b~ eppli~d by tuch Receiv~r ~tcordinp to tM lian or ~quity of wid MOitYGAGEE snd th~ prictics of wth
Cov~t.
8. 1o duty, promptly snd fully perfwm, dis~charye, execute, •ffrct, corriplet~, camply with and abide by each and ~wry ihe ~tiputitiwu, ~yrMm~rete,
cc~sdltiorn and cov~nanb in s~id promiuory not• and thi~ mortpsg~ Mt fath.
9. That En th~ ~vem ti» awr~nhip of the mo?1gay~d pr~rr+iNS, a any part tfar~of, b~comn v~stud in • p~rwh oth~r than tM MORTGAGOt~ tM
MORTGAGfE, Mi evcc*aor~ ~nd auiyna, m~y, withwi notk~ to tM MORTGAOIt, de~l with wch sucteswr w tutcsswr in intertst with ref~r~nu ro th~~
morfq~~ atd tM debl hKrby recured in fht ~arrN m~nrwr p with Mongayw withovt in ~ny w~y vit;atinq a~discharyirtg tl'N FAortqaqon' li~bllity Mrr
undK w ~pon tM debt Mnby it~c~r~d. No saie of rM pr~mi~~s hrr~by mwtqap~d and ra forbeannu on !M pan of tM MORTGAGEE or Its fucc~swn
or ~utym snd no ~xt~qion of tM tirr~ fa tM payment of tM d~bt her~by ~cu~~d piv~n by th~ MpitTGAGEE or it> >ucc~swn a us~~s, ~II opa~t~
1o r~iw~~, di~c1~, modify ch~rq~ o~ affect tM oriqcnal li~biliry of tFw MORIGAGOR Mr~in, ~it1~ in whol. w ih p~rt.
10. It k ip~cifiuHy ~yrNd that tirr» 3~ of tM ~uenu ot rhi~ cormact ~nd rh~r no waiwr of ~ny obliqa~~e~ Mrwnd~r a of tM oblip~tlon t~•
cwsd !»rrby ~MII ~t ~nr time therNttK bs Mrld to ba • waiv~r of th~ tsrms Mr~of or of the ir»~rum~nt secvred Mrby.
1 i. In ~ddit{on to th~ for~qoinp monthly p~ymtntt of pri~c pa! and Interest requirQd 'oy tht prom~swry not~ Nt~r~d h~r~by, mortqpo~ tovsn~Ms
+nd ~p?MS t~o pay b morlqpN with ~ach monthly p~ymsnt ~n ~ddiriona( wm ~ttcm~red by mortq~ge ~to ~r~t w 1/t2 of t~~l twt of t!~ folbw-
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