HomeMy WebLinkAbout2058 Alm SA~D MORT3A~i d~oes hsreby ac~aoaa~ vith ~Ls t~brtgages that s~id
t+brtgagvac~, at t,~he tias ot eocecutioc~ and dsli~ery o! thesa preaeata, is ths
abaolute o~+ner c~f aad in posaessi:oan at eaid mart~gaged ProPsY't~?; t~hat hs haa a
good right~ full po~+er andi la~ful aut~lt~ ~ c~ t~a a~ in tt~a msnner
ani fora herein set lorth; t~dat said p~opert~y ia ~'ree a~ad clear ot all liens or
whste~er ne~ture, except ae apecifically mentiar~ed heoc"ein, +wd ?~t8a8or l1~17,j?
warra~ts the t~itle to said Propsrt,,Y +eid Mill dst~end t~he ea~s against al1 lawivl
claims and deeeu~da axcept fran the Marrantiea contained in t~e encumbrancee
herein speaitically set farth.
ArID THS MORT~Iti~t doea bereby llu~ther covenaot~ pramiae and agree yith
the No~rtgages, its auccessore a~cr1 assigns~ as iollo~?s:
1. l~ortgagor rill not camit a~ xas+re~ or Weakea or impair tb?e
security of this mortgage; vill pay, prior to delinquency~ all Laucea sad
assessments levied or impased on said property; xlll keep the mortgaged p~operty
insured tn such manner and in such amaunts as Mortgagee me,Y require; and will
net remwe s~? ct~attels~ if inclu~ded in this martgage, t~rcin the presises ~hers
they are nar situated~ aithau~t Nortgagee~8 written consent.
2. In t~tre event oY s~dt to foreclase thie aaa~tgage~ l~artgagee ahall
be entitled, a8 a matter of right, ~ithvnt regard to the value oY ttye mortgaged
paroperty oar to the solvency oi 2~ortgagor~ and xithant notice, to the appointment
of a Receiver of t2~e arortgaged property and the incams ar~d prctYts thereof~ as
xell as paymeat at all costs incurred, i.r~cluding attoraey?~ s fee8.
3. In the event of Mortgago~~ s failure to pay t~aaces, or to keep the
premises insured as reqnired~ Mortgagee may, at its optio~y but is not s~equir3d
to, make such payments, and the sums ao advanced shall be repaid by 1+lprtgagor
xith interest as provided in the ~Obligation" and said sums so paid by tbe
liortgagee shall be secured by t~hi8 mortgage.
4. In the event oY arq? clafault in tbe terms af the a0bligat3.on" oor
this mortgage~ Mortgagee ma~y, at its optia~, declare the whole indebted~ess
secured hereby to be ia~oediately du~e and p~yable•
5. Zhat no eoctensiaa or modiPication of the pa,yieents of the
i~ebt.ednses, aa~ no re7ease a~ at~p? part aar parts o~ the moi't88B~ ProP~tYs
c~ of other collateral securing the above described indebtedness, even thwgh
mede ~3.thc~ut consent of the Mortgagor, st~al7. relesses relieve, a~ discharge
the l~brtgagor Praa t~e ps~yment of a~r aums hereby seaured, aod llartgsgee et~ll
have ttya right to release !'rcn the lien hereoY ar~pr po~t.iasi or portia~ of ti~e
mortgaged property~ or other collateral held as seCUrit~ iar said indebt~~ss
irrespective of th~s value of the released port3aai, xitL~ont affect3ng t~Le lien
hereof as to the po_~.on or portioos not released~ not~itbstanding tbe lact that
such release or releasea ma,y be made yi.thaut knoWledge oar ca~sent of tt~e l~ortgagor
or of aqy (3rantee or Grantees of portic~s oY sach psaperty theretofore aold.
IN WITNffiS Wfffi~~ the Mortgagor has aigned and aealed these presents
the day ar~d year fi~rst abrn?e Written.
MAF~~ARET ANN NEWET'T
Sig~ed~ sealed, and delivered in . •
i.he snce of:
~
.
,
/ Margar Ann NeKett
C~~
cs~..
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