HomeMy WebLinkAbout1471 And aid Mwrqpon. fo. rhrmulva ~nd tte~ir Min. Ipal r~p~~wntariv~s, wct~+~ovr ~nd aw3prn. h.~•by jan?ly ~nd wvw~Uy cawrnant a+d aqrN
to ~nd with t!u Hid MORTGAGEE, ies suct~~saa ~nd ~upm:
1. To pay ~II •nd ~irqular rM pr~nu{+al and inrar~st •nd ti+~ v~riout ~„d wndry w+n~ of mao~Y paYa'rM~ by virrw of f~id praniuay ewN. ~nd 1hb
marqp~r. ~ach ~nd ~v~ry, promp~ty an tM d~ys re~pecriwly t?w ~arrw kw~~llr bKarw dw.
2. Ta pay •II ~nd r~Qul~r th~ q~e~. i~aes~menri. 1*vih, liabililits, obliyatiaa u~d secwnbrancw af wNy n~1w~ ~nd klnd now on wid dwcrib~d
prop~rtY. or th~t lxreafr~r m~y b~ impw~d, suff~r~d. plac~d. Iwi~d. «~~s~d Nw~~ee?, a fMt l~n~ft~ m~y b~ bvi~d a~wswd upon thN Mprtq~
~q~. or ~I+~ I?xl~b~~dn~ss secu~~d iur~bY. ~acl~ ~r,d er~~Y, wl+e~ dw and p~y~bl~. ~ccord7np ~o Inw, befnn they b~ce+nr d~tfnOwnl, M?d 6~fora a~y MN~net
attscM~ w•ny penalty is irucurred; ANU INSOFAR AS ANY THEREOf 15 OF RKORO TME SAME SHAII 6E PROMPTIY SATISFIED AND DISCNARGED Of
RECORD AND TME ORIGINAI OFfICIAI DOCUMENY (SUCM AS, FOR INSTANCE. TNE TAX RECfIPT OR THf SATiSfACT10N PAPER OFfiC1AllY ENDqRSEO
OR CfRitFIED) SHAII BE PIACED IN THE HANDS OF $AID MORTGAGEE WITHIN TEN DAYS NFXY AiTER PAYMENT, ~nd in tM ~vlnt tFut ~~y tMr~of i~ rwf
pa+d. •et;~fied and disch~rged said MORTGAGEE may ~t any tirrK pay th~ ~arr» w any p~rt ther~of withou~ vN~ivinq or ~ffstti~p ~ny pption, li~n, puity er
•iphr under or by virtu~ of ~hii mort9age and the fuli amou~t of e~ch ~nd ~wry wch payrrNnt ahall be imm~di~»!y dw ~nd payabl~ ~nd sMl~ b~ar ie~tK~tt
from rhe date th~reof until paid •t rate of ~ipht per centum p~r annum •nd foq~tMr with ~uch inhr~st ~MII b~ a~cur~d by tM IiM of th:s mwqfp~.
To pl~ and oontlnuoudy kMp on tM bulldirp~ now w ti....m? an»,. o~ ..~d i.~,d «+d a~ .u +a~~v~+«N «d ~...o~.~h co~+?b br ~p.
p~, with all prMniurns tl~roe~ p~id in fvll, fir~ inwr~np ~n N» uaual atN+dard poticy ionn. In e sum app~uv~d by r1y ~WpRTGAGEE, uy wlndqwm
bw~r~a !n th~ uiwl standard policy form, In ~ wm spprov~d by t!y MORiGAGE~, k~ wch caunpany a c~ompanlu M 1M INC>RTGAGE~ n?~y
ditict~ and dl fln and wind~twm I~surMtt polkiN on ~ny of Nid build~rq~, ~ny inMr~st thKdn or p~rt tlw~of, in th~ pqrp~t~ wm afor~+id ar
In ucaas Mw~wf, ~MII cont~ln N+~ uu,a1 ahr+dard mortypN d~vw ar wch otMr dw~ w ttw MorfpyN m~y r~quin, nwki~q tlw IoY u~+dK ~a~d polb
cfp. ~ach ~nd wNy, p~Y~bl~ ro s~k! MORTGAGEE a it~ int~t m~y ~pp~ar, a~+d ~ch ~nd sw~y ~ucA policy sh~i) M prompHy ps.yewd and d~liwr~d ro
any hold by Mid MORTGAGEE a furrfm srturity to s~id mor+qap~ drbt, ~ntl, not 1~ tl?~n Mn (10) d~ys Ih adv~nu of th~ ~xpi~atton ot Mch policy, to d~.
livK to t~id MORtGAGEE • r~newal therwf, toy~th~r with ~ r~c~ipt for tM pr~mium af ~ucl~ rer~w~lt ar+d tMre ~MII b~ no fi~~ w wind~tam imur~na
plac~d oe~ u~y of sak! buildinp~, any int~rest ther~in or part tMrwf, unlp~ in tlw form ~nd with rh~ (ow pay~bt~ ~ afw~s~idt and i~ th~ ~vtnt •ny ~um
of mon~y b~roma payabl~ ureder such polky w pol;c~s~ siid MOR7GAGEE ~h~ll haw tF» opt~on to naiw end ~pply tIN NrtN Oe~ ~CCOVM Pf fM I+1d~f0~
t~ss Ntur~d M~r~by ar fo permit said MORTGAGORS ro ret~iw ~nd up N W rny ppt iMrtof for orh~r purpoqs, without thereby wriviny or imp~ir.
kq any puity, li~n or riyht ur~r or by virtw ot tAi~ mwrp~sy~j ~nd in th~ ~v~t t~id AAORTGAGORS ih~ll fa ~ny naon f~ll to kwp th~ ~aid pr~mii~s w
irovred, or fail to d~liv~r promptly ~ny of Nid policip of tn~ur~ncy to aid MORTGAGEE, a f~il promptly to pay fully any pr~mium th~r~fw or {n ~ny
nap~c~ f~i~ to p~r(orm, disch~rpe, u~cut~, eff~tt, complet~, tomply with ~nd ~bid~ Ey thit cov~nant, or ~ny part herwf, uid MOR7GAGEE m~y plap and
p~y for ~uch liuu~aint~ w~ny p~rf tf»r~of without waivirg or ~ffactiny ~ny opt~on, Ibn, ~quity, or ripht und~r or by vinw of thia Mwt~p~q~, ~nd tM
fuli ~mount of ~~ch snd ~vwy such p~yrrKnt ~h~ll b~ imm~di~tely dw and p~yablf ~rx1 sMll b~ar int~r~st from tiw d~t~ therwf until paid N tM nt~ of
nin~ per cMtum p~r ~nnum ~nd to~~~her with such intsrQit ahall be ucur~d by the litn of ~Ais morfyp~.
I. To p~rmit, commit p ~uifer no w~sf~, Imp~irmem or dsteriontlon of ~~id prop~rfy or any p~~t 1Mr~of.
S. To pay ~tl ~nd ~inpular iM cotri, chsrpes ~nd ~xpfnsts, incl~diny • rta~anablr ~fttxney'~ f~a ~nd wYh of ~bstr~ct~ of titl~, incurrsd a pald ~t
~ny tlm~ by ~aid MORTGAGEE, betaus~ w in tM evsnt of tf+~ fail~re on th~ wrt of tM uid MbRTGAGOR ro duly, promptty ~nd ful~y perform, diatMr9~
~x~c~t~, ~ffa~ct, camplat~, oompty with ~nd ab~dt by e~th and evary the stipul~tlons, pr~err?~nri, tonditioe~t, ~nd cown~nt~ of said promissory not~ ~nd ihi~
mortp~p~ any or ~irher, ~nd sa~d costs, ch~rq~s snd exp~nsn, ~~ch •nd ~v~ry, ~MII b~ immediat~ly dw ~nd piy~ble; wh~th~r a not ther~ b~ notic~ d~
m~nd, ~»rmpt to call~ct or sult pindin9; and the futl ~mount of aach •nd w+ry ~uch p~ym~nt ~MII ba+r lnterast from rt?~ dat~ thtr?ot until p~id at tM
rats of nin~ per centum per annum; and all said cosn, charqas +nd exp~nsn incvrr~d a p~id, topttFwr with tuth Intsr~st, shall b~ t~cur~d by tM I»n of tha
6. That In 4t» ewnt of any breach of tfiis Mortyap~ or defwtt on Mr p~rt od the MORTGAGOR, or (b) in th~ twnt arry of ~a'ed wnu of mon~y
her~in nf~rr~d to be nof prompHy and fully paid within th~rty (30) daya nrxt •N~r th~ s~rt» avtrslly b~coma dw and payibl~, without dfmand or noticf,
or (cJ In M» ~wnt eath ~nd wery the ~tipul~tiom, ~yresrt~ntl, tonditio~a •nd tovtnanb of ~id promiaory not~ •nd thia mortppt ~ny or ~itMr ~n not
~uiy, p~omptly ~nd fully performsd, d~scharyed, exacursd, etfett~d, compltted, complied with and ~bided by, then in ~itMr a~ny tuch event tM said a¢
pr~p~t~ wm memioned {n uid promiuory note fhen rsm~ininy unpaid, with int~?Nt ~cawd, ar+d all mor?~ys lecured h~nby, tMll b~oome dw ahd pay~
+hi~ fonhwifh, a thrrufr~r, ~t tf+„ option of ~iid MORTGAGEE, ai f~fly snd campl~t~ly u if all of ths uid wm~ of mon~y w~n oripindly ~tipulat~d
?o b~ paid on such day, ~nythinq in ~sid promitsory not~ ot tn thi~ Mortqa9~ to tM eontr~ry notwithit~~ding; and therrupon or th~ro~h~r at tM aptio~ of
~aid MORTGAGEE, withou! notica or demand, wit at law or in eqvity, therefor~ a tMr~aN~r bpun, m~y be proacut~d u if •I! mon~ys ~cund h~r~by
hd matur~d pnor ta itt Jnstitvtion.
7. Tbst fn tF~e evenT thet ~t tM bsginning of or st any time pe~dinyry sny wit upan thi~ Mortqrqe, w to for~clos~ It, o? ta reform it, w to tniorts
p~yment of ~ny tlaimt her~under, said MORTGAGEE shall apply to ihe Coun haviny jurisdipion therwf fw th~ sppointment of • Receiv~r, ~~Kh Covrt ~hal)
forthwith ~ppoint a rxeiv~r of said mortflaQed property sll ~nd iinyulsr, includmg ~ll ~nd sinyul~r the Incoms, profitt, fuup and rMVtnws fiom whdwN
~ourc~ d~riv~d, t~ch and ~very of which, i~ beinq expreasly underitood, i~ heraby mwtq~yed a~ if ~pecificelly ~et fwth and daaib~d in t1M pr~ntiny and
iub~ndum clause:~ hareof, ~nd ~uch Rece;vsr :hall hav~ slf fh~ brwd snd ~Hsctiw functioru and powsrs in arrywis~ ~ntru~t~d by • Cou» ro~ R~celwr, ind
wch ~ppointment shall be m~de by such Court a~ an ~dmittad equity ~nd ~ rr+~ttN of sbsolut~ riyM tv said MORTGAGEE, and without rsfer~np to tl»
ad~qv+cy or inadeq~~cy of the vslue of tM property mortgaq~d or to the solvency w inwlvsnty of said MORiGAGOR a th~ deftndants, and th~t tuth
r~nts, profift, ir~evmR, iuuat ind revenuea ~MII be applied by iutl~ R~csiwr ~tcurdinp to tM li~n cx ~quity of s~id MORTGAGEE and tFw pr~ctit~ of ~trth
Court.
8. To d~ly, promptly ~nd fully perform, disch~rqe, execute, ~ffett, corr~let~, comply with and abid~ by e~th and ~v~ry ti~ ttiputations, prMm~ny,
aond3tior» and cov~nanh in s~id pramiiwry nor~ ~~d rhii moNyage sat fwth.
4• Th~t in th~ w~rr~ th~a ownership of the mortpaQrd premiqs, or sny pan thereof, becomn wit~d in a p~non otMr th~n th~ MORTGAGOR, t1+~
MOIITGAGEE, iri ~vaessors ~nd ~uipnt, m~y, without noYita to th~ MORTGAOR, deal with such svcceuor w ~uccassa in ;nt~r~st wit~ r~4KSnce to this
mdtqap~ ~~d tM debt ha~by Ncur~d in tha sam~ manner et with Morfflpor without in ~ny way vitiatiny w'dixhsrpiny /M ~WoM`~i~aD'~FiNiHj}~ har
und~r a upon t!w d~bt Mreby t~currd. No sale of th~ pnmi~ hereby mortqeqtd ~nd no forbesr~ncs on tia p~n of th~ A~O~T~M~EE~ Vl ~6~sors
w wiqru ~nd ra ~xtNaion of the time fa tM payment of th~ dabt Ixr~by uecur~d pivM by the MORTGAGEE or its ~uc~i~~rs w,~liff•{~ti~l~op~nt~
Ip nlw~t, dischap~, modilr ci»ny~ a ~ffect the ori~inal !iability of th~ 1NORTGAGOR Mr~in, eit1~ in whol~ or 1n p~C ~~j , ~
10. It h specificaUy ~yned th~t time h of tM ~sisncy of this contnct and tFut rw waiwr of any obtipatlo~ ~,+ir~ir ;or of ~th~ oblipi({i~n c~•
ax~d Mr~by shall st ~ny tim~ tMnaftw b~ held to bs ~ w~iver of tFw Nrrry hersof u of the instrumcnt securod #wrby~
I1. In ~ddition 4o th~ fwpoinq rnonthly paymentti pf print pal rnd inferest requ6red 'by the promissory tqo~~.M~c~«,} ~b~; ~xty~~r :~y
and syrMS fo pay to mony~p~e with e~th monthlY p~Yment an ~ddirio~~l sum sstim~ted by mortgcgee to b~ eqt?~t.to 1/1.'~of Mi")nY~ul1't7ost ofWt~ foilow-
~
A-AU rt~tl property t~:es I~vied or assessed ayainst tfie abov~ described rea! eetate. r,-~''. •
&-~Premiuma on lire u+d winditorm insunnu ~s hertin required to bs urried on ths improrem~ntY •Awt~ or~ flw~ ~bo~~~~c~'~Md jxeKriiq.,•:
C-?r~miumf on tuch mafpaye ywranty ir.~urante ~s mottqay~s iMll from time to tims de~m fit to carry o~ th~ {ipap ~sbi~d, j~i~y,
Mottpaye~ shall from tim~ to tim~ notify morlpapor in writirq of th~ ~mount due ~nd p~y+bl• Mrwnder ~nd sucl? wm 1AM~eipon b~ dw ~nd
paYabl~ or+ tfie due data of tha naxt monthlY paYm~nt and Marh sucteuiv~ mqnth M+rn~frer urstil rnorrpaflt~ ~htl! notif~r e~orfgapw of ~ chanpe (n yuch
ertw~rnt. 5uch wrra ~If bo ~ppli~d by mortyays~ tow~rd th~ payrt+~nt of t~al prop~rfy taxN, lnsuranc~ pnmiurm, ~nd mortQs~~ qua~nty liuuru~
w«ns~.
IN WITNESS WHEREOf, thr iaid MORTG~GOR h~s~ ~t,~y,, ~nd ?ar fint ~foresaid~
SFO . SNbd ~nd I ~d M tM pr~r+a of: ~^r i~" . A fV U~~~~y -
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e.~,~,~v ,~.,.d 5 ~5 C ^ , t~i~k ~
~ A r atr~ck
hb wff~, ro n~ wtll known •nd krwwn to n» tp b~
th~ ~cr M? ;~n1 wiw ~x~cvt~d the fo?spai^o inmv~e~n1, and ~dcrwwbdq~d b~fon rr» tl+at th~y ~x~cvtsd th~ s~rM fa ths purpa~a
.
+~!~~i k!a!h+..:~' Mari@ Kil~triel~_
«r,~a+~+;~a • S P j~,lpa~riek „o~,,, . .~a o,fi,.~.
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~xa~inatbn ~..~a? t ~t~~nd ~Qart from h~r taid hu~b~nd, acknwwl~dp~d ro~nd brfw: r?w that th~ sx~cut~d aid {rutrum~nt trs~ly Md vo~wr
~~V. ~w,',~_,_1~'~ ~Y~kra~l~ tomfrsi~t. ~ppr~h~n~ion, or faar of w from h~r wid Fwsba+d.
1l~t+~~rar+rqr ~re~d~•a~d,.~~l Nal tfils 2~8'~'. day ~C O~-° A. D. 19.5~,~,
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t,~Y ~ . 1.a at large
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