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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 ~ 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 ~ (SEA: ~ , ~ ve lYilliam Slo n ~ ~ ~.C~"f_~'/ - Sr,:.L R ~ itaeee Betty Jo cq loa j ~ ~ ~ - ~ ~ ~ ~ ' ~ BOOK ~ ~ ° a 15z : ~3 ` ~ , ~ _ , x~~r,- ~ - _ ;~rNU. -