HomeMy WebLinkAbout2424 sHn sAIn Mo~uas a~oes h~rob~? co.eoa~?t tisth tn~ Nortgagee t,t~at ~easd ~
No='t686q~, at Lhe tiae ot ~ocecut~.osi and dsli~sry o! these preseata, ia the
abs~luto oatt~er c~t end in possea~rxon ot said mart~ga~ge3 property; t~at he has a
good rigAt~ lV~ll pa+er ar~id 1.avful aut~osit,T t?o canv~ tbe sa~ea ia the manner
and lora herein se~ lorth? t2sat said ~paroperty ia fl~~ee aad clear o~ all liens oi
~sat,~er natura, enccspt as speaifically mentioned herein, and Mortga8~ ~~,Y
~rarrauta tbs t~itle to asid propert~r aad will dstc~d tt?o same agaiast all lawfl~l 1
claima ~ and demands ao~cegt fram the varraat3.es contait~ed in tt~e ancumbrancea '
herein specitica]1~? set forth.
AND 14~ MORTQA(~ doea hereby l~rther covenant~ praniss aud agree ~rit~h
the M~rtgages~ it.~ succeaso~e a:d assigns~ as lollo~ss
1. I~ortgagor t+ill not canit any yaste~ or weaken or impair tbe ~
security of this mortgage; ~till psy, prior' to de13s~Qu~encY, all taxea and
aseeesiosat.s levied or i~aposed on safd property; tirill keep the ~rtgaged Ps'~~Y 1
insured in such manner and in snch amwnts as Irlortgagee msY requii''e 3 and ~i11 ;
n:~t resare a~I ct~sttela~ if included in ttds mortgage~ t~ram the psesises ~+~ers
ttiey are naW situated, vithaut I~ortgageats ~ritten consent.
2. In tbe event of snit to foreclose tb.is aa~tgage~ Mo~t6a6ee ahall :
be eatitled, as a matter of right, xithant regard to the val.ue ot the mortgaged '
propert,y oar to the aolvency ot Hartgagor, ancl vit~ho~t notice, to the ap~ointment ~
n~' a Receiver of the mortgaged Property and the incane and pY'+~t'its thereof, as ;
sae'_1 as peymeat at all costs incnrred, including att,orneq?~ s fees.
3. In the event oY H~rtgaga~+e tailure to pay taxea, or to keep the ~
premises insured as required~ Mortgagee mays at its optiaaa~ but is not s~ec~uired ~
t~~ make auch payments, and tbe Sums ao adv~ced ahall be regaid by MortBaBor
iritti intereat as pravided in tt~e w~~8~Otlp sad said stians ao paid by t~he
Mortgagee shall be secured by this mortgage.
4. In ths event oY anpt d~eYault in tbe terms oi the MObligationn or
t.his mortgage~ l~ortgagee maYs a.t its optian, declare the whole indebt~ed~ess
secured hereby to be inn~ediately due and p$yable. ~ i
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5. lhat no extm~siou or modiPication of the payments of the
iadebt~ednsss, anl no release o~ a~r part oa~ part~s af the mortgaged PropertY~
or of other collateral securing the above described iadebtedness, even thaugh
f made vithout cansent of the ?Zortgagor, shall release, relieve, or discharge
E the Hfortgagor f~ao~ t~ p~yment ot amy sums hereby secured, sad l~o~t~t?ga8ee ahall
~ have the righct to release f~an t~e lien hereor an~r pa~t.iasi or portiaos of tha
I mortgaged'praperty, or other collatsral held as securit~ iae saf.d irdebtedne~s,
~ irreapective of the value of the r8leased porLion, vitho~nt affecting tbe liea
~ hsreof as to the portion or portiais not reless;ed~ notvithstar~din~g t~e fact that
~ such relsase or releasee m~,y be made ~ithaut knarledge os cansent of the Mortgagor
~ or at au~ tirantee or (iranteea o~ portions of snch- praperty tberetofore sold.
~ IN WITAffiS ~F~ the Mortgagor h~as aigned and aealed tbeae presente ;
the day a~nd year Y'irst abave Written. i
AVERY ~ILLIAM SLOAN AND BETrY JOYCE SIAAN t~a }
SIAAN'S SERVICE CENTER ~
Sigr~d sealed, ar~d delivered in i
~ the etlce ois
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~ ve lYilliam Slo n
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~ itaeee Betty Jo cq loa j
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