HomeMy WebLinkAbout2664 1!. It the indebbdne~s xeured hersb~ i~ aow or bee~e~itee fiuWee ~se~ured b~ e~ttd marts~es, pisd~ea, eontr~ob d
~uaranb?, as~nmente d leres. or other seonritie~. oe it the~premus~ hersby enoumbee+ed ooa~ta ot moe~s tl~an ons qr~eei~
Mort~a~es m~y at ita option auFuwt aq~?, oae oe mors at aid ~eourities ~ad tLs ~eonrid ti~reundar, o~ weh p~rosr a~ the !
~eour?ty heeeuoder~ eithec ooncure+ent~r or mdyiendea~{y, ~nd in we6 oeder as it ma~y dsieemin~. r
16. Upoa uesi ct Mort~~o~t, Mort~~es mRy. ~t it~ solsop tion. te~o~m Eims fo tims be[acs fall pym~al ot ~il ~deDted-
aee~ ~eaired he~. make tust6er advanea~ b Mort~a~or: provided, howeoee. tbat the b4l prinaip~l ~eonred and rem~in-
inQ unPaid. inoludioB aqy_ sueh ~dvaaae~~L~ll not ~t ~ t~ aioeed tbs ~ peina~l sars ~seut~sd hae~~b~~ ~ar ~hall "
e:eoute ~ad deliver w Mor~~ee s nois evidmaio` weh ~nd evee~ ~neh urthar adv~nes ~hiel Mort~~es my~m
te~ ~nah .
note b bs pa~abls on or bdore matnrit~ d tss indebt~ednas sseared Sarsbj ~nd to ooatim saeb Larms aa ]~o~a~es s~all ~
reQuirs. MartQagor ~haU p~y all ~neh turthK rdvaaoe~ with interesp and th~ arn~. and e~eD not~ ridenao~ tbs M?ma sball
bs ~eovred hereb~. All pe~oviwioas uf thi~ matsaes shall~p~y Lo a~oh f~ut~her adranas as ~eU as b all other indsDt~edn~s ;
~eonred hersb~r. Nothi~ bsreic~ eon~ined. Lowa~er. ab~?U- "Lmit t6s amonnc ~eaued b~ thisa~ort~a~ it weh anwunt »
inacered~y ~dvaaes mads D~ Mort~~ge~. ~ hae+ein ebswh~rspro~ided toe b protAOt th~ ~sourit,~. Tlis word "Mort~or" i
~ nsed in tbi~ p~pspL. inelnda~ asp ~ueeawe in o~wnresWp ~l t6s premi~es.
ld. No dat~~ by M ~n aze~eiain~ sq~ ri~ht ar e~smecV 4ereunder, or othe~wi~s ~Qoeded by l~ws ahall opeeste ~ a ?
wai~~r thereot or preeluds e uoereas thereo! durmr ths oo~ntinu~aos ot aq~ ddanlt he~sunder. No wa~ver by M~rt~~se i
ot any detwlt Wuu oon+~titute a wai~er of or eoneent to sn eeat de[aults. No ialnra ad Mo~a~ee !o s~ aaJ cpiwn • !
~ere~n ~iren w ~eeel~ste maturity ot tha debt hersby no forbe~snoa~r Ma~es betors a att~ee t~a e~rass ot
weh opt~on ~nd ao withdeswal oe wb~adonment at foceobsurs pcoesedio~s b~ 1ldoet~aees sball bs faksn oe eoastrued ~s ~
w:i:a ~,f i::.-i~ui w w~u~aiee weu o'cwn or 'so ~oosieraie iue mscuri~ oi tne asut nersu~ ~seuren Dy:a~wn aT~ p~et,
present o: lature ddsnlt oa ~e part o~ Morf~a~r: s~l. in Wro maaner tbe peoanrement ot insuraaes ~ thsp~ymen
t d tases (
t~he
dsbt harsb~ ~ b~ Mor~g~ges ~aII not bs tal~en or eomtrned as a waivar ol ite ri~l?t to a~oesleeste the matnrit,y of '
IT. Witbout aSeotu~g the li~b~7i~y ot M~~g~r or W othe~person (~oe~t an7 Peeson exDre~alJr rsle~sed in wrltin~ for
payment ot aa~ indebtednee~ ~eenred heegby o~ for peetormanoe ~o[s~.~ ob1~atw ooutaiaed heeein. and wit6oat a8eepne tLe
rights d Mortga~es with respeet to sqy seeaiity not~p~y rele~sed in wd 'W~a. MorfRa~ee m~Y, st aq~ tim~ and irom tims
to time. eitLee be~ars or attee ths m~tneity ot aid noLer d withont notios ar oon~ent: ~
. Rdea~s aq~ peeson liable for pwment d all or aqy p~rt o~ the indebtednees or for per[ormane~ oi ~qy obli~ation.
(b) M~ice aqy agreemenL eu~endina ths time or otherwise alLerint tba terms ot t o[ all or aqy p~rt ot tbe
indebtednea. or modityias or w~ivint aqy obligstion. or wbordinshng. mod'~y'in~ ot6erwiss de~ling with tba
Hen or ehae~e heeeat. ~
(e) S:ee~ei~e ac re[r~in i?om woera~ing ~ waive say right Moct~aaee may havs. ~
(d) AeoeDt addition~l eeonrity d aqy l~.i.
(e) ~P~'oP~'t7 mort~a6'ed her'eb~y. re~l ar peeson~l. seeurln~ the indebtednar. induding all oe aq~ past
18. Aqy a~eeo~ant hee+e~tter made by Mort~a~or and Mor~a~es piu,a~ant t~o this morf~s ~ha~l bs ~aperiar oo tbs ri~hts d !
tLs holdec d aqy inter~eoins lien or enoambeanee.
19. Mort~agor heeeb~ waivas all ri~ht d home~t~d amempaon in the proper~ ~nbj~et t~o ~ ma~ags. i
T6s eaven~nd ~nd age~eemente hae+eia eontained shaIl bind aad ths bmedts snd ad~an ~II inmre to tbst+e~pee- }
tive heiis. ezeaut,on, administratoes„ ~aeee~soes andass~gns d ths p~ias Leeeto. Whee~sver n~s ~s~~ nnmbar a6aII i
inetnde We ptaral. tLe plae~l ths antaLr aod ths n~s d an~ gender ~hall b~ a;ppties_bb to aa senden. All eo~m~nta
ments and uo~d~luuts aLall be joint an~ ~sveral. In the event additional anmbee~ed eo~enanb ace toe eon~eoieaes in~xted ;
Wi~eo. ~.s~ ~n ad.r~ de.eription, .aoh wdditiaoai eo.eoaaa .hari bs i+e.d aad si.en aReet as Wou~h toIIowin~ f
IN WITi~.SS i~F~OF~ the said Mortgagor has set is hand ana seal the d~y and '
year f'irst above s~ritt~n~ '
i
Si~ed~ Sealed and Delivered in ~
the sence oY us: W. H. 11
~ ~~~i s~~ j
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as to . & Mrs. b'~)
. , Z. C.
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' Mar ro~re
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