HomeMy WebLinkAbout1710 Alm SAID Hq~ d~~e bereby ccreaat~t rl.t~h th~ lio~rt~age~ tha~ eatd
Mortgaga~, at t~hs tias o! ~oceaut,~on a~ deli~ery oZ these preaeat$, ts t~he
absolnte o~r c~t atid in posseesiot~ a! esid aost6g6~ P~'oPerb?3 that hs haa a
good rigbt~ l1i11 paier atid ]aaritil aut~o~rit~ t~o aaave~ t6e ea~a in tbs m~waer
and lo~ra lssrei~ci sst forth; t~t aaid ~pert~ is #1~ee' awd alsar o! all liens at
~+hate~er nature, except as speaifically ~ent3aaed harein, and Mort6a6or t'u113?
xarrauta tlse td.tl~ to aaid prop~ri~ sid ~rill dst~d t~hs aaens against all lavttil
c2aims and d,e~anda eoccept t5c~ca~ the warrantiea cwntained 1A ttr~ encv~brancea
heraln apso3llat1lY set f0Y'th.
A1~ID ~ I+qRT(~I10~ d~oes bereby lVtrEh~er cvvensu?t~ pramise and agres titith
the Mostgages, it~e suacesscara aid asaigns, as iollaWa:
1. Nortgagar xill uo~ aa¦sit ~qr ~easte~ or xeaken or impair the
eecurity ot this moac't8age3 uill P~1?s P~or to delir~quancy~ all Leuces and
assess~eents 2evied or ia~poeed on said propert~y; xill keep the mortgaged prcperty
insured in ~euch manner and in such ataounts as 1~IortB~e ~4Y ~~3 aad will
n~t reAaRe arq chattela~ if ixiclnded fn tt~ds murtgage~ l~rc~s t~e preaiaes yLsre
t:ley are no~ situated~ rithait Xortgag~o~s Writteu ~oasent•
2. In tLe ever?t o! svit to ioa~eclose this awartgage, Mwrtga~gee aha~l
be entitled, aa a~aatter o! right, xithvnt regard to the value cf the mortgsged
naropertRp oa~ to t6e eolven~cy o! l~ortgagor~ ard vithcut noLice~ to th~ appoint~m~ent
:f a Receiv~er of tbs aartgaged Property and tt~e incans and proPits thereof,, aa
well as pqymeat at all c~sts incurred, ibcluding attor~rey~ s fees.
In t2ie ev~ent of I~ortgagor~ s failure Lo pay t,axes, or to keep the
premisea insured as reqnired~ Mortgagee may, at its optioa, but ts not required
to, make auah paymsnts, em~d the susa so advancad at~all be repaid by ~iartgagor
tir3.th it~terest a$ prarPlded in the *Q~ligatioti" and satd swas so paid by t~he
2iortgagee sball be aecured by tbis mortgage.
4. In ths event of at~ de~'ault ia tbe terms at t~e a0bligat~ia~n" car
this mort6age, Moi'tBsges ma~Ys at ite optio~, dealare t~he vhole iridebtecln~ess
secured hereby to be immediately due aaRi payable•
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5. That no e~ctensiaa or mc~dification oY the paymeats of the s
indsbt~ess, and no release ot a~r part ca~ parts aY the mor`t6a8~ ProP~'tYi ~
or of other collateral securing tbe abave described indebt~edness, even tl~ongh
made oit.Laut coLSent of the lrlortgagor, shal]. releass, relieve, or discharge
t~e l~o~tg,agor f~ras the p~yoent ot aqy stuoe Uereby sectt:'ed, at~d l~ortgagee ehall
bave ths right to release ~ the lien hereo! sa0? part~iao ar porticas of the
mortgaged praperty, or ottier collateral held as securit~ !ar said iadebt~edness,
irrespect3ve of tda value of ttie released port.io~s, vitboa~t affeating tbe lien
hereot' as to the portlon or porticus not released, notvithstanding tLe fact t~hat
such release or releases m~,y be made ~ithout 1maWledge or crosent oY tbe Nortgagor
or ot a~pl (;rant,ee or (3ranteea o! portio~s of sach praperty theretofore sold.
IZI1~R~5S the Mortgagor has sigued and aealed theae presents
the ci~y anc~ year first abc~te ~ritten. '
LEUNARD A. APPII. AND ANNA HARRIET F. APPEL
Sigqed, s , and deliv?ered fn t/a BOImID Y.V. SALES 8 SERVICE
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Leonard A. Appel
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