The URL can be used to link to this page

Home My WebLink About1488 ~ AND SAID 1~T'QA~I~t do~e hereby coTenaat vitb tbs tbrtgagee t?ha~ said Hortgagor, at the tims o! eacecutio~n ar~d dalivery of these presents, is the abeo].ute oxrier af ani in posseasion of said mortgaged property; that he has a gocd right~ f1i11 pa~+er ar~d la~+lLil aut~arittiy to canvey tbe saiae in the aoanner and form herein set lorth; tLat said psoperty ia f~Cee and clear o! all liens o! whatever nature, except as specifically mentior~ed herein, and Nortgagor flilly Marraat?e ~he titls to said property aad ~+ill deYend the aaiae aga3ast all lawfl~l - cl4ims and demar~da ecccept fram the warrantiea contained in .tLe encwabrancea herein specipically set forth. AI~iD ~iB MORTaA(~t does hsreby flu~ther covenant~ pradise and agree ~tith the Mortgsgee, its successors sid assigns~ as follrn+s: 1. Hortgagor ti?ill not cammit anpr vaste~ or veaken or impair the security of thia mcstgage; ~rill pay, prlor t~o delinquency, all taxes aAd assessments levied or impoaed on said property; xill keep the mortgaged property insured in such manner and in such asouY?ts as Mortgagee may require; and vill n•:t remave a~t chattele~ if incl~ded in this martgage~ flc~an the p~re~nises ~here t~ay are nov situated~ Withaait Kortgagee~e r~ritten consent• 2. In the event of snit to loreclo~e this ao~tgage~ l~ortgagee shall be entitled, as a matter of right, xithcat regard to the valu,e of the nwrtgaged ~roperty or to tbe solveucy oY 1~Iortgagor~ aad vithauit notice~ to the appointment =:T a Receiver of the mortgaged property and the incwne and profYts thereof, as :.e31 as paymes~t a! all costs incnrred, ix?cludirig attorney~ s fees. 3. In the event of Mortgagor~s failure to pay taxes, or to keep the premises 3.nsured as required~ Mortgagee may, at its option~ but is not rec~uired to, make such payn~ents, and the sw~s so advanced shall be repaid by Mortgagor xith interest as provided in the •Obligation'~ aod said sums so paid by the Mortgagee shall be secured by this mortgage. !t. In the event of at~p default in tbe terms of the "Obligation~ or - # t.his mortgage~ Hortgagee n~r, at its option, declare the whole i.ndebted~ess : secured hereby to be immediately due and pay?able. i 1 5. That no extensiau or mudification of the payments of the indebtedness, aal no rel.ease of an4r part or parts oY the mortgaged propertyi or of other collateral securing the above described indebtedness, even tl~angh made vithout consent of the HQrtgagor, shall release, relieve~ or discharge r the l~ortgagor f~aa the payment oY at~ swne hereby secured, and l~ortgagee shall ~ have the Mght to release ~aaa the lien hereof any portion or portiaa~s of the mortgaged praperty, or other collateral held as security faa~ said indebtedneas, irrespective of tbe value of the released portion, xithvut affecting the lien hereof as to the portion or porti~s not released, not~ithstar~ding the fact that such release or releasea m~y be made ~ithout knart~rledge or cansent of tbe Mortgagor ~ or of an~ Grantee or Granteea o~ portions of sach prcrperty theretofore sold. 3 IN WITNESS W~t~P'~ the Mortgagor has signed aud sealed these presents € the day a~d y~ar first abave Written. ! B1~TARD A. KUL! AND FRANCFS S. HUTA, d/b/a ~ OIa WORID WORK SADP Sigaed, sealed, aryd delivered in the s e o S~SAL) d A. Kula . s ~ 4'y 1^ ~ V~, Wit~ess I~ances S. gu]a ~ ~ ~ R 1~J 2~7 Ee~c ~ fi ~;m~~ , _ ~ , '~'au*~~` ~'~~~q .