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Home My WebLink About0995 3. To plac~ and contirNwusfy keep on the buildings now w hereafta s~tuate oe~ s~id I~nd and on ~II equipmeiq ~nd p~rwn+ily cove~ed by this mortg- with all premiums therso~ paid in fuli, fire insuraece in the ~wa! standard policy fwm, in a:um app~owd by tht MORiGAGEE, and windstorm irawann in tir uswl srsndard pol~cy fwm, in s ium approved by the MORTGAGEE, in such canp~ny or oomp+nies as -tl+i MORTGAGEE may directj and all fire ~nd wi~dswrm inwnnce policies o~ sny of said buitd~~s, ~ny interrst therein or part thereof, 1n ths apgreyat~ wm afor~id w in ~xoea fhereof, shaN conta'a~ the vsw! standard morrgagee clause o. such other ds„se as the N~w~yagee may requ'~n, mskinp ths loss under s+id poli~ ci~s, each and every, p~yabk to said MORTGAGEE as in interest may appesr, and esch and every s~ch policy shatl be promptly ass:gned a+d dtliv~nd ro ,~ny h~W by wid MORiGAGEE as further security ro said mortgage debt, and, not ku than ten (10) days io advance of the expiratwn of each policy, to dr t liva~ to aid MORTGAGEE ~ ranew+l t!K?eof, topether with a receipt for the premium of s~ch renewal; and there shall be no fire w windstorm 4?twsnc.~ plaad on am of said bvildings, any interest N~erein or psrt thereof, unteu in tl+e form arrd with the loss psyabk as ~fwesaid; and in the ewM any wm of money bccanes pay~We under such paicy or policies said MORTGAGEE shall have the optan to reuive and apply tF~e ssme on acco~m of tM indebted- nsss acured hareby or to permit s~id MORTGAGORS ro receive and use it w any part thereof far other purposes, without ihereb~ waivir~g or impa~- ~ inp ~ny ~quitr, lisn w right w~der w by virtue of this morlgage; and in the event said MORTGAGORS shall for ~ny resaon fail to keep the ~sid p?emises w inw~ed, or fail to deliver promptly ~ny of said policies of ins0ance to said MORTGAGEE, w fail prompNy to p~y futly any premium lherefor or in any ~ r~spee~ f~i{ b pe~fant, d+scharge, axecute, eNett, complete, comply with snd abide by this covenant, or any put hereof, said MORTGAGEE may plaae and p~Y for svd~ inwrance or any part tMreof without waivirg or affectinp any option, I'ien, equity, or ripht unda w by virtue of this Mort9~e. ~nd tht full amount of each uid svery such payment shall be immedi~tely dua and psyable and shsll bea~ interesl irom th~ date the~eof until paid at th~ rife of nir» per pntum per annum and together with wch irtterest shall be secured by the lien of this mortysge. I. To pamit oomnit or wffer no wsst~ impairment or deterior~tan of said property w any put thereof. 5. To pay al) a~d singular tM costs, charges and expenses, includirg a reason~ble a»wney i fee ~+d costs of abstraets of tetle, inevn~d a psid ~t sny time by aid MORTGAGEE, beuvse or in the event of the failure on the pan of ~he said MORTGAGOR w duly, promptly and fully perfwm, disthaq~, •x~cvt~. ~fhd, aanplete, oomply with and ab+de by ead? and every tha stipulat~ons, sgreements, cond~~ions, and oown~nn of ~aid promissory noh snd thu mortp+p~ ~ny w either, and taid costs, chsr~q and e:penses, each snd every, sh~ll be imrtiediately due snd payabk: whether or not there be r.otite dr mand, a»~mpt to ooiiact or wit pen~irg; ~rMi iiM titi~ arr.wirii Gfi 2s"u`a a:w ~:;j i.~i.^~~! !~11 }~iw inf~r~f1 Frdn th! ljil! t~f!?!Of Vntil p~ld N 11N r~~e of nlne per oentum per ~rwwmJ snd ~II ssid costs, charg~s ~nd expena~s intwr~d w p~id, togNher wdh wch int~rw, slnll b~ a~o~r~d by tlw li~n of tiw 6. ihN in fhe ~vent of sny breach of ihis Mortgsge or defaulr on tFr psrt of the MORTGAGOR, or (b) io ths went any of aaid wms of money herNn referred to ba oot promprly aod fully paid•with~n thirry (30) days next after the same severally become due and paysble, wi~hout demand w nor'~ce, or (c) tn the went esch and every the stipulaYans, sgreements, condirions snd covcn~nts of ss~d promissory npte and th~a mo?tpape any a either are nol *?N P~~PdY and fully performed, dischsrged, executed, effected, completed, complied with aod abided ~ay, th~n in either o~ any such wsM th~ uid ap~ ~ prey~te wm mention~d in said promissory rqte then remaining unpaid, with interest acuued, and all moneys setured. hereby, sh~ll become dw and par abl~ foHMvitly or th~resfter, at the option of said MOR7GAGEE, as fully and completely as if all of the said sums of money wero wipinilly stipulated , to b~ paid on such day, anythinp in ssid promissory note or in this Matgage to the contrary notwitiutandirq; and thereupon or thereafter at ths option of t~id 1MORTGAGEE, withow notit~ w demand, suit at law or in equity, thercfwc or thereafter begun, nuy bt prpecut*d as if all mon~ys s~wr~d hsteby h~d matwtd pior fo ib institution. ~ 7. TMt in the event tMt ~t the beginnirg of or ~t any time pending any wit upon this Mortgsye, or ro fw~clos~ H, or ro reform It, a to enfaq paymenl of ~ny diuns hare~nder, said lyIORTGA6EE shall spply to tF?e Coun hsving jurisdiaion thereof tor th~ appoi~tment of ~ Rece+ver, svch Court sha1L_- Forthwith ~ppoint ~ reuirtr of sti~ mwtgayed property all ~nd singular, includ~ng all and singular the incom~, profits, iuues and revMUes from whatsver soura daiwd, euh and ~v~ry o# whrch, it beinp expressly undentood. is F,ereby morrgaged as if apEC~fic+lly set fo~th ~nd dewibed in tFN yraMinp and Mbendum cl~vses hereof, and wch Receiver shatl h~ve ~II the b.oad and effecr~ve lvnc~;ons and powen in anyw~se entrusted by ~ Co~rt t9 a Ret~iv~r, and ~uch ~ppointrr?~m shall be made by wch Court as ~n admitted equity and s maner of absolu~e right to said MORtGAGEE, and wi~hout ~eferenu to tl+~ t ~dp~acy a In~d~q~acy of ths value of the property mortgaged or to the sotvency or insolvency oi said MQRTGAGOR or the defendann, and that uxh rents, profin, incomt, i~uss ++~d ~eve~ues siull be applied by such Receiver according to the (ien ar equity of s~id MORTGAGEE a~d ths practice of such Couft. 8. To duly, promptly and fully perform, discharge, exccute, effect, complets, comply with and abide by esch ~nd wery th~ stiptrl~tiau, aqre~rt~snts, - aond"Akm w~d ooven~na in said prombswy rwte arwi this mortgage set forth. ' ~ 9 That ie tl~ eveM ths ownership of the mortgaged premises, a any part thereof. becomes vest~d in s penon other thsn tM MORTGAGOR, th~ MORTGAGEE, its wcqsson a~d ~uiym, may, without notice to the MORTGAOR, deal with such succeuor w sucussor in interest with refer~nce to this mortQap~ and tM debt hereby seou~ed in ths ssme manr~er as with Matgagor without in any wsy vitiatirg w distharginp ths Mortysywt' li~biliry Mr? under or opon tf?~ debt ~+ereby tecured. No s~le of the premixs hereby mwtgsged and no forbearance on the part of the MORTGAGfE w its tuaessors or usipns and no eztens'an of the time fa the payment of the debt hereby secured given by the MORTGAGEE or +ts ~ucceuas or assip% shall operst~ lo r~kat diatharp~, modify cFrrg~ p sffect the wginal liabifiry of tF~e N10RTGAGOR herein, either in whole ot in p~rt. _ 10. It b spatifiully apreed that time is of the essence of fhis contrad snd that no w~iver of any obligatan herev~der or of ths oblip~tion st cw~d h~nby ~11 at any tinw tFw~ah~r b~ Mld to M• wai~er of tF» terms 1~creof a of the imtr~menf secured hsrby. 11. In addition to the forego:ng monthly paymems of princ"paf and imerest required by tl~e promissory no?e secured hereby, mortpagor town~nts and igrses to p~y to morty+yee with each monthly payment sn additional swn estimated by mortgagee to be eq~~l ro 1/12 of tlx annual toat of the follow- irg: A-All real properfy t~xes kvied w auessed against the above described resl estate. 8-Premiums on fin ~nd windstwm insurance as here~n requ~red ~o be wrried on the improvements situats on the ~bove desuibed ptemises. C-Premiwns on such morigag~ yuar~~ty insurance as matgsgee shall from t~me to time deem fit to csrry on the b+n secvrsd hereby. Mort9age~ shall from time to time notify mortgagor in writing of the amount due and payable herevnder and such wm shall thereupon b~ dw ~nd payabb on the due date of ths next monthly psyment and each succeszive mo~th thereafter urtil mortgagee shsU oot;fy mortgagor of a thsny~ in auch ~mounL Such sums sh+ll be applied by mortgagee toward the payment of rea{ property tsxes, iro~rance prem:ums, and mort9sye 9wranfy insuranu w«+±~una- IN WITNESS WHEREOF, th~ ssid MORTGAGOR has hereunro set his hand a+~d sea! rhe day ~nd yesr fint afwesaid. ipm ald u~d d~ ~d i th presence of: . 8 9 t0 + Beetrice Dickerson eetr ce c son n 88 to v ~ E Herman S. D~ic~k rsQn ~an , c erson ~a~ ; ~ - . , - ~ , __.._.6G~K_15~ ~ - ~ ~ ~ . . - - : ; ~ , J, _