HomeMy WebLinkAbout1719 ~l~iD S~ID ~l~AQ~ doN hsreby ecn?en~tnt `rit6 tbs Iioart~a~e~ t?hat aatd
1''for't6aga~, et the tiats ot eacacut3on and deli~ery of these presents, is the
abeoluts c~er ot sad in posaesaio~ af said mort6a8~ P~P~'tY3 lhat hs has a
good ri~t~ lhll pwer ard 7awt1~1 aut~haaritT t~o caiv~e~ tbe eamo ia t~we manuer
arrd fora herein set forth; tt~at sai.d p~ropertsy ia flrea and clsar oi all liens of
xt~tever r~ture, eoccept as specifically me~t.ioned herefa, and 2l~o~tgagor fully
Marranta the ~itls ~o aaid propsrt~y ~ad ~rill def~d t~he aame against all l,av.fl~l
claime and deoanda aa~cept tYaaa t,~e warrantiee contained in t~a encumbrancea
herein speai=ically set forth.
ANID Z~ MOI~IIC~O[t does bereby ltu~ther cwenant~ pramise and agres vit~h
the Mwrtgages~ ita succeasoara and assigns~ as i'ollo~wa:
1. Nortgagor vl11 not caait at~p? ~aste~ or veaken or 3mpair the
security of ttiia a~ortgage; xill p~, prior to delinquancy~ all taxea and
asaessnents levied or imposed on said prop~rty; xill keep the mortgaged property
insured in auch manner sod in such asawts as Hortgagee may require; and xill
nct re~sa~ve ac~r cbattsls~ iY included in this mo~rtgage, t~a~n the presises ~+here
they are naW situated, Withaut Mortgag~els siritten consent.
2. In the event of at~dt to foreclo~e this ~o~tgage~ Xorrtgagee aha11
oe entitled, ae a matter of r3ght, xithout regard to the value of the mortgaged
P~'operty aa~ to t6e solv+enay oi Hortgagor~ and wi.thaut notice, to the appointmeat
~f a Recefver of the mortgaged property and the incaae anci profits thereof, as
~ell as paymeat ot all costs incurred, iacluding attorn~e~y~s fees.
3. In tbe event of M+ortgagor~s failure to pay taues, or to keep tbe
Premises insared as reqnired~ MQrtgagee may, at its optian~ but is not required
to, make auch payments~ a~d the sums so advanced shall be repaid by Mortgagor
~ith interest as provided in t~e *abligation" aaci said suans so paid by the
I~ortgagee shall be secured by this mortgage.
4. ~n the event oP axqr default in t~e ter~ms oi the pobligat3.on" a~
t.his mortgage~ Mortgagee m~r, at its option, declat*e the Who1e indebtec~ess
secured hereby to be immediately du~e aad pa,yable•
5. Zhat no ext,ensian or modificatf on of the pa,yments of the
indebt~ednsss, and no release ot a~r part a~ parts of the moi't68B~ P~tY~
or of other collateral securing the above described indebtedness, even thaugh
made ~rithaut conaent of the Iiortgagor, shall re7.ease, relieve, or discharge
the Iso~tgagor fYan tLe payNent ot aqy sum~ hereby secured, sr~d l~artgagee ehall
have the righL to release P~an t,he lien hereof aqy po~rtiaa or portlaos of the
mortgaged property, or other collateral held as securit~ iae~ said indebt~edr~e~s,
irreapect~ive of ttie value of the released portion, xiti~out affecting t,be lien
hereof as to the portion or portior~s not re'leased, not~+ithstandtng tbe Yact tbat
such release or releases may be made xithout knailedge or cansent o! tbe Mortgagor
or of aqy Grant,ee or Grantees o! portions of sach property theretofore aold. .
IN `+IITNESS W~~ the Mortgagor has signed and eealed tt~ese presents
the da,y a~d year first abrnre raritten.
HERBERT FREDERIK NEUBUI~ER 8 AUGUSIA LILLIAN
NElJBU1~ER. t/a HERB' S FI 9~JII~ C,NA~
Signed, a , ar~d delivered in
t?he P euc~S:
~
/ -.e'~t~rs~,)
Herbert Frederik Neubu er
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(SEAI,
i Aug Lillian Neuburger ~
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