HomeMy WebLinkAbout1807 Alm SJID l~!'GAO~t do~s hsreb~ co~eoan~ vit,h t~M M~oa't$agee t~haL aaid
l~oY't6a6oa~, 4t the tias ot eocecul~ic~ ard deli~ery ot t~t?eae preeents, ie the
absolnte awnar at aad in poeaession a! asid awrt6a8~ P~P~~rY3 t~dat hs has a
6~ ~t, ~ P~+er a~d l~artlil autbo~lt,t to canv~ the ama ia t~s sanner ~
ac~d for~t herein 8e~ forth; t~hab said pa~operty ia tY~es aod clear of all liens at
~rhat,e~er nature~ axcept ae 4specifically meatio~aed hezein, and M~rtga6or iv133?
xa~rrante t~e tit]rs ~o said propsrt~y aid will detes~d t~s sm~s agatnst all ].ati?l1i1
claime and desar~ds eoccept !`rara the warrant3ee coatained ia t~hs sacuwbrawces
tierein speciticallJ set forth.
AND ~HS MO~O~t d~oea herebT fhrt~t~er coveaant~ grasiss and agres vit~
the Nortgages, it~s successors and sssigas~ as tollows:
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l. Mortgagor vi].1 not camit a~r ~aBLe~ or veaken or impair the
sPCUrity oY this mortgage; xill p~t, p~rior to delinquoncy, all taxea and
a:~~ess~ents levied or imposed on said property; wi.ll keep the mortgaged p~operty
ir~,^ured in aucb manner aod in such aaauwts as Mortgagee m~? requiY'e3 and ~till
n~t Y~ave a~? chattels~ if fnclnded in tMs martgage, tram the prmises ~hers
t;~sy are na~ situated~ i?i.thout l~ortgagee~a xritten consent•
2. In tbe evant ot suit to lozeclo~e this 'oartgage, l~ortgagee at~a11
be entitled, aa a matter of right, xithoait regard to the value of the mortgaged
property aar to the s~lveacy oi l~ortgagor, a~d Wi.tt?on~t notice? to the appointment
af a Receiver of tbe uortga8ed Property and tlye incane and proPits thereof, as
well as payment af all costs incRrred, includi~ng atto~nery~s feea.
3. In the event of l~oa~tgagort s Pailure to pay t~auce$, or to keep tt~e
premises insured as rec~nired~ Mortgsgee may, at its optiou~ but is not s~quired
to~ make such pay~ients~ anci the s~ros so advan~ed shall be repaid by :~artgago~
vith iaterest as prcvided in the *CJbligation" ~md said sumos ao paid by tt~e
Iiortgagee stiall ba secured by t,hia mortgage.
1~. In ths event oY ~ d~etault in tbe terms o~ the RObligat3.o~~ aoe
this mortgage~ Mortgagee ma~y, at 1ts option, dec].are the xho].e iadebt,ednees
secnrea hereby to be inomediately dus and payable•
5. Zhat no extensia~t or modiPtcation of the payme,nts of the
it~debt~edn~asa, a~ no release ot aqy part aa~ parts af the mortguged P~P~' s~Ys
or of other collateral securing ttre above deecribed indebtedneas~ even thaagh
made ~itt~aut co~t of the I+brtgagor, ahsll releass, relie~ve~ or discbarge
the ?brtgagor t'ras the pqywent o! ar~r awo8 hereby secnrea, and l[a~ctgagc~e shall
i -have the right to release Praa tbe lien hereot any partica or porticoe of the
~ mortgaged Pr'~=''tYs or ottisr collateral held as securit~ !ar said indebt~edn~eas,
~ i-~espective of t6e value of the releaeed portiaa~ ~tithont afYectiag t?he lien
1:areof as to the portiaai or portio~s aot relsased~ notvitt~tandirg tt~e lact that
~ ~acb relsase or releases may be made irithoat la~ledge ar caosent of tbe rlortgagor
or of a~r Grantee or arantee8 0! portioa~ of soah~ paraperty theretofore aold.
IN 1~+RTNFSS W~tE~, the Mortgagor has eigned and aealed these preseats
the day at~d year f'irst abrnre written.
CHARLF~ 0. AID003 AND :t03S MAT F. ALDOIIS~
Signe ~ , a~d delivered in his xife, each individually and t/a
-~che ots BOD~S HOI~ MAINTSNANCB
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