HomeMy WebLinkAbout0875 ~iD S~AID l~AOat does hsreb0? ca~e~an~ ~rit~ t~ Moac`t6+i8N t~t said ~
Mor't;aga~s at t,hs tlae ot ~eotecutioa ard dsli~ery ot thsae preeeata, is the
abeolnte oamsr ot sad in poeaession ot eaid ~noact688~ P~'oP~~l?3 that hs has a
good rigbt~ l1~11 pa+er and la~l1~1 autha~it, Lo aaave~ tbs a~a?e in ttia mamler
and fcarw herein sat lorthj tLat said paroperty fa Pree aod clssr oi all liens ot
what~ver nature, except as apecifically meutionsd herein, a~ !loactgaBor Pull3?
~arraats the title to said propert,y aid xill det,o~d t~he a~as against all l~wi1~1
clatms and dewanda eo~capti t'ra~n t~e ~arrantlse cae~t,ained in tbe euc~brancss
herein speci=ically set forth.
AND ~ IrlOI~J10~ doea hereb~ lllrther ao~vmant~ gra~iss snd agres ~+ith
t~he l~artgagee~ its succsaso~s sid asaigi~~ as folla+s:
1. Hort~gagor will not ca~it atqr v~ate~ or vesken or impair tbe
security of thi~s mortgage; Mill pay?~ prlor to delinquency~ a]1 tsxea a~d
a:3sessmente levied or in~posed on said propert~y; vill kesp the mort6aged P~P~'tY
insured in auch manner a~d in such amowats as I~iortgagse a~Y require3 ai'~d will
Z~t reaavve au~ che~ttels, if inclnded in ttd.o martgage, tlraot t~e po~e~iees rt~ere
t.:iey are no~ situated, frithaut ~Iortgagee~e Writteu coriseat•
2. In the eveut of eidt t,o icrecloae tbis aoartgage~ l~t6a~gee aha11
be entitled, aa a matter of right, xithvnt regard t+o the va1~e of tLe moi't6aBed
paroperttiy ccr to the solveucy ot Hortgagor~ and ~rithant notice~ to the appointment
of a Receiver of tbe nortga6ed ProQertY ancl the it~ccaie at~d profits thereof~ as
xell as payment at all costs incurred, inclvding attort~ey~s fees.
3. In tbe ev~ent of l~iortgagc~t s failure to pa~y t,~uces, or to keep the
premises it~sured as reqaired~ ?brt888~ ~Ys at its optio~~ but is aot reqnired
to, malce auah paymenta, and the suma so adv~cad sLall be repaid by l~ortgagoa~
xith int,erest as prvPided ia t~he •~ligatian" ~md said suo~ ao paid by the
:~ortgagee ahall be aecured by tbie mortgage.
4. In ths event ot arq cles'ault in t~he terme o~t the ¦Obligatican~ o~
thi.e mortgage~ Mos'tBaBee ma~?s at its optio~, d~sclare tbe whol,e iadebtednese i
secui'ed hereby to be imaediately dua aad paysble•
5. i~at no eoct~es~aiau or maiif'icat?iaa of tbe paymsnts of tbe
indebt.edn~ess, sud no re7ease o~ at~pr part o~ parte at the a~ortgsged ProZ~'~Yi
or of otber collateral securi~ng tbe at~ave deecribed indebtednees, even tba~gh
made ~it,haut conse~t of the l~brtgagor, ehall release, relieve, or discharge
' L-he I~o~tgagor ~raa the p$yment ot ~ sums hereby eeanred, $od l~artgagee ehsll
~ jk.ve ths right to release f~as tt~e liea hereo~ any po~'td.aa or portlcos oY the
;~no~tgaged praperty~ a~ other colleteral held aa securit~ !ar said indebtednese, ~
I ':•respective of tLe value of the released port.ior~, ttitb~t aftect3ng tbe lien f
~ tii2l'@O~ as to the portion or porticns not released, ~ot~+it~stamd3.ug t6e fact tbat '
~uch release or releases m~? be made nithout luw~ledge or cat~ent oi the l~ortgagor !
~ or o! a~y (irantee or Qranteee of portia~ of soch property theretofore aold. ;
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IN i~1IZ~ESS tbe Mortgagor has aigned and aealed these presente ~
the day? a~d year first abrnre Writt,en. ;
CfIARLIS S~TILDBR AND S'PHEL ii. 1~TILDBR, t/s -
Sig~ed, sealed, anl delivered in KI~~~s ~&~~~ANCE SgRVICE
the ea~ce oYs -
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Gbarlie Ni].der
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~ Witasss gtbel S~T. Milder
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