HomeMy WebLinkAbout1246 AND 3~AI0 bql~QAOQi do~s hsreD~ aoreau~t ~tit~M ~ l~oa~t~agM tfiat? aaid
Nort6sga~, at ths tias at ~ocsautica aud d~sli~et~y o! tb~se paneents, is t~h~
absoluts aMt~sr at a?nd in poeseasion at eaid noart~ga~ed Pac~oPsY't~j?3 t~at hs haa a
6ood rig~t~ lbll paaer a~d lwtlil aut3,o~lt~ to aar~e~ tbs aass i~a tbs manaar
and lors herei~ set lorthf tbtt said pe~o~ert~ is ti~es and clear a! all liens ot
~+hatsier rie~t?ure, e~ccepti as apecitically mantSo~aed barsiu, and ~as'tBaHor i'u].~?
xarrassts the t?itl~ t?o ~aid propsr~? aad vill dst~ud t~he saahs agaia~at all la~il~l
claims and deesnds ~occspt fras the varrant,iee ca~tain~ed in tbs encumibraa~cea
hen'e3n spsc3tiCally set lorth.
AND TA8 MDRTaA~ daes bereb~ lllrther covenant~ praa~iae arrd 4gres vith
the A~o~t6ages, ita sucaessoacs and ssaigns~ as follara s
1. Mortgag~ trill not ca~i~ ~tqr ~tsts~ or xsakan or 3mpair tb?s
a~curity ot thfa mc~tgage; xill p~, psica~ to delinquer~cy, all t.sues aud
aseesa~oents le~ried or inpcased on eaid propert,~; xill keep the maa~tgaged psopsrty
insured in suah manner aad in sucb aswnts as l~oY`t6agse sey? requirs 3 and xill
;,^t re~aive at~pl ch~ttsls~ if i.ncluded in ti~is ao~tgage~ l~raat the p~eoises whers
t.:iey are na~t situated~ withvu~t Kortgagee~s Writtren consent•
2. In the event o! aud.t to l~o~sclaae t~hia sartgag~e~ l~artgagee ahall
be entitled, ae s matter of rigfit, xtt~hout ragard to Zhe valu~e ot the mo~t~aged
p~operty aa~ t~o tbe solveaay af Mo~rtgagor, and xitt~aut notice~ to the appoint~ment
o£ a Receiver of .t2~s mo~tBeBed P~~Y and tt~s i~ame and prot'its thereof~ as
~reil as paymeat af all coets incarred~ inalvding attoraey~s feee.
3. In the event of liortgago~~ s lailnrs t?o pa~y tsxes, or to keep tbe
prenisea i~ured as reqaired, IioY't6a8ee my?s et 1ts optio~~ but is not rsquired
to~ nake auah paymeats, ~d tbe eutes ao advaaced shall be repaid by Mortgegor
tirith interest as pacavided in tbe •q~ligatio~?" aod aaid suoos eo paid by tbe
Mo~rtgagee ehall be aecwc~ed by tbis ~aort;gage.
4. In ths e~eat ot arq? de~!'ault 3a tLe terme af the ¦Obli~at.icar?~ c~
thia mortgage~ Mortgages may, at ite optioa~ dec].ars the vhole indebteciness
secured herebq to be i~ediately dus aud p~ysble•
5. nc eoctAnsiaon ar modit'ical~ion of tbe payments oY ths
it~ebtednsss, affi no release at a~r part c~ parta of the mor't6aBed ProP~Yi
a~ of other collateral securing the abo~ve described i~debtedness, even tha~gh
made srithaut aonsent of ti~e l~ortgagor, ahall rel.eass, reli,~ve~ or discbarge
the Ho~tgagor i~raa~ tbe pa~sent ot ~n~y euma~ hereby 8eaureQ, aad lto~rt8ages ehall
~~e t-~ ri~~ a~1_ea~e .~rae~ t1~s lien hereot a~y pa~tiaa or portiaos of the
n~ortgaged PrapertYs or other collateral heLd aa securit~? !ar eaid indebt~edne~s,
irreapect3ve oY tha value of'the relessed portion, vitbont affecting th~ liea
1~ereoP as to the portia~ or portioo8 uot rel,eased~ nota+it~hstanding tbe lact t~s?t
such release o~ releasea myt be made idthaat knarledge ar crosent o! the I+jortgaga~
or o! atqt Qrantee or aranteee ot portiame of soch~P~operty thersto~ore sa1d.
IN WITNFSS t~T~', the Mortgagor has eigned and sealed these present$
the ds~y and year first above s+ritt,en.
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~ S. L. liOIR 8 00. :
Signed, sealed, a?r~d delivered in
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