HomeMy WebLinkAbout1475 AI~ SATD H~ doee hersby co~e~~ vi~ tLs Mar~gilgss t~hat aaid ~
Mortgagor, at t.hs tiae ot eocecut~ion ar~d d~sli~sry ot these preaeat,a~ ia t~s
absolute owr~ar at and iu posseas~ion af said 'wrt6~8~ Pj'oP~~Y3 ttiat he tws a
good ri8ht~ l1~11 pa+er at~d laoWil~1 authaarit~ to caav+e~ tba eame ia tbe maoner
and for~n herein set forthf tt~at said pa~opert,y is fyree asd clsar o! all liens af
i+hatever nature, except as specifically mentioned hereiA, and Npactgagor llil],q
rarraats ~he titls ~o said Propert~? a?d ~ill det~d t~he same agaiast all ~t1~]. ~
claims and demanda eoccept ~acn t~he Warrantieo ca~t~a~ed in tLe sncumbrancea ;
~w~=- ~1~i~r set forth.
ii"' vil~ ~i~iYLi~i~su~-
AND TI~ MORT(}Il~t doea bareby ~~er covenant~ pramiss and agree vith
the Mortgages, its succeasors aad asaigns~ as lollawas
1. l~iortgagor vill not caunit anpr tiae+re~ or Weaken or impair the
secwrity of this mortgage; Will p~y~ prior to delinqusncy~ all taxes atd
assessments levied or imposed on ssid prvuerty; t+i.ll keep the ntortgaged p~operty `
insured in auch manner and in such amaunts as Mor ee r ~
n~t reua~ve chattels if inclnded in ~this mar ~e. i'Ya~m tbe f~~~
at~? s tgag . Premdses rhers ~
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t.;~ap are no4r situated, xithoa:t Mortgagee~s vMtten consent:
2. 7an t2~e event oY sv~t to ioreclo~e t~hia noart~gage, l~artgagee shalt '
be entitled, as a matter o~ right, xithaut regard to the value of t~he anortgaged ~
praperty ~ar to the solvet~cy o~f Mortgagor~ aad xithont notice~ to the ~ppointam~ent
of a Receiver of tbe dortgaged property and the incans and pa~ofits thereof~ se
well as payment oi a21 costs incurred~ including attortre~y~~s fees.
3. In the eveat of Mortgagor~s Pailure to pa~y taxes, or to keep the
preu?ises insured as required, I~brt,gagee may, at its option, but is not required
to make suCh Pai b~1' Nprtga6ar I
~ Pa~yments, and the sums so adva~ced shall be re d
xith interest as pravided in the •Obligation" and aaid 8uoas so paid by t~e ~
Mortgagee shall be secured by ttds mortgage.
4. In ths event of aqy detault in tbe terms of the ~Obligation~ or ;
this mortgage~ l~ortgagee m~y, at its optiart, declare the trhole indebt~edt~ess ~
secured hereby to be inmediately due a~d p~rable•
5. ?hat no eoctensio~ or modi~'icetion of the payments of t~he }
ind~ebted~ess, aad no release ot at~? part oa~ parta oY t~he moi'tBaB~ Px'oP~tYs
or of other collateral securing t~e above described indebtedryess, even tdaugh
made ~rit.hout conaent of the 2~ortgagor, shall release, relieve, or dfscharge
the Ho~t~gagor f~as the payn~ent oZ at~pr sums horeby seaured, aad Xartgagoe shalI.
have t,tye rig6t to release i'~ros the liea hereo! auat paarticn or portiaoe o~f the
mortgsged praperty, or other collateral held as securit~ !ar said indebtedne~s, j
irrespective oY the value of the released port~ian, vitt:out affecting tbe lien
hereof as to the portion or port3ons not released, not~iithstanding tbe tact tha~
! ~-sch re2ease or releasea m~y be msde ~tithaut knaWledge or caosent of tbe Mortgaga~
' or ot aqy Grantee or Oraateea o~ portiaaas of snch p~operty theretofore so1d. t
~
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~ IN bRTNFSS the Mort,gagor has sigeed and sealed tbese presents
E the day snd y~r first above xritt~n.
i t~~ARI.ES C. CASI'LE 8 IURIEL L. CASTLE t/a
; BROiADCAST EI~KiINEERII~ 0~.
~ Signed, seeled, ancl delivered in
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