HomeMy WebLinkAbout0811 ~ ~ ~~~ii ~il'6by Y~~ ~ I~~O~ ~tr #i~d
l+t~rtaa~aa~, ati t~hs ti~s ot eacecutlan auid dsli~sry ot th~ae prsaents, is th~
ausolute +~msr at aad iA posseasion ot eaid aart6~8~ ProP~'~Yf t~hat hs haa a
govd right~ l1i11 po~+er aad lwttil tut~arit, t~o aa~n~ea tbe emns ixi tbs mannea~
aad lvro hereia ae~ lortt?; t~at said p~ropert~ is i~c~ee and clear ot all liens o!
~+hatever nature, axcept as specifically ment~ioned herefn, snd M~tB=6~ ~lY
xarran~s ~hs tit],e ~o aaid propsr~jr irad vill det~d t~ds eams agaia~at all l~s~+i1z1
cla3ma and demanda eoccept tran th~e ~arrant~iea coaa~sinsd ia tLe sncvsbr~cea
herein epecitically set forth.
AHD ~B MDR'~I1C10~ does hereb? llirther cc~renaat~ pra~tse and agres vith
f~he Mor't6agee, ite sucaeesc~ and asaigas~ as tollovs:
1. Mort6+i8or ~+ill not ccaait vaste~ or veake~n or impair tt~s
aeaurity o! tt~ia moTtgage; xill p~yr~ prior to delinquanc.~r~ all taaes and
assessmoents levied ar 3aposed on said property; xill keep the nwrtgagad pa~oper~y
inaured in such manner a~ed in sucb anauate as l~ortgagee ~s}? require3 and vfll
not Y~e~a~e a~r cbatt,ele~ !f inclnded in tbis martgage, t~aa~ the p~re~sisea rhers
they are naW situsted~ s+ithout Kortgagee~s raritten consent.
2. In tbe ev~ent o! audt to ioreclose t~hia ~aartgage~ llo~rtgag~ee aha11
be entitled, aa a matter o! right, xitbant regard tA tbe v~.us o! t~s martgaged
1~'oPer'~Y aac to tbe solvancY ai' l~io='t688at'~ aad xit~o~at not3ca~ to the ap~ointment
of a Recc;eiver aP tb~s naartga8ed Pro~ertY at~d tt~s iacams ani proFits thereof, se
~~~3 ~ gay~~t a~t all costs incnrred, inaludi.ng att.ortre~y~ s fees.
3. In the ev~ent of I~iortgago~t s failurs to pay ta~cee, or to kesp the
premises insnred as reqaireds H~rtgs8ee ar~,~?s at it?s optioa~, bnrt is not rsquired
to, make such payments~ and tbe awss ao adv~ced 8ha11 be repsid b~r Martgagor
irith interest aa provided in t~he *fbligatiaa" aod said sums so paid by the
:io~tgagee ehall be aecnred by tbis mortgage.
1t. Ea ths event oP au~ data~t ia tbe terms af tbe ~Obligat.iaa~„ o~
t.hi.a mo:'t6a8e~ Moi'tBagee m~?s at its opt~+c~~ dealai~e the t~hole indebteciness
secured hereby to be i~nediately dua aad p~yable•
5. ~hat no eoctensiai or modiPication of the pe~yments of tbe
i~ebt~edn~eaa, aad no rel~esse arr a~r paurt aa~ parts ot the mor'tga8~ P~Pe~~'i
os of ott~r collateral aecuring tbe`abane described indebtednees, evea tbough
maR~e ~it,ho~ut consent o~ tQe ii4r~tgagoi~, ~ta22 rs2~;o, rs3i4~~ ~schsrg~
the Mortgag~or tYaa the ~ayment o! aqy suma -hereby aecmred, aad li~t~agee ab811
have ths right to relea$e tra4 the liea.hereot any po~tian or por~tians of the
mortgaged property, or other collateral hel~d ss securit~ !cr 8aid in~iebtedne~s,
irreepect~ive oY tLe; valwe of ~he rsleaaed portioa, vit~on~t affeatftig t4e 11ea
~-i~~eoY ~ t.c~ ~t~ portion ar gart?ia~ act r~3°~sed, zxt~i#~et~~ ta~t ti~at
su~ch release or releasee may be me?de ~itho~t lmo~ledge c~ capsent oi fi~he i~rtgagor
- or- ot aaar l)rantee or (irantee8 oY portia~s of ~ch ~ paroperty tt~eretofore sald.
IN WITNESS W~RR~+'~ t.bs Hortgagor has sfgned and sealed t,hese preserrts
the day and year fl.rst abova vritten.
JMtES L. PET~RSON, ARLIE B. PE?ERSON~LUTHER M.
P~TER90N AND FRANCES 0. PETER90N d/b/a L 8 L BOX O~IE~~
~ Signed, sealed, arxi delivered in
t1~e en~ce oY:
(SEAI,
s . e erso~
~
~ Lt' ~ o
; l / ~ ~ ~„~„".,..(.,~it
~ Arlfe B. Peterson
~ - . _ ~ ~
~~.~.~_~S~)
Luther 11. Piterson
~~-r_~~,~
~
J~O~,~ (sEnt,)
Frances O. Peterson
BooK ~.54 2~.1
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