HomeMy WebLinkAbout0095 A. 71tE \101t"]C.:~t:t>i:s c~v~:N~~n-r:
(1) 1o psr iaz~i~rd;atrlr whcn duc and payablc all ~c~zc~al ~axcs. spccial a~W~.u~un~s aad otl~c~ uxcs Ic~icJ
cu auesscd upon xaid p~apcc~r. or any ps~t ~hercc~t. an.' t~ prum~~tlp ~clivct rrcci~KS thcrckir t~ thc hlortgaget
upon dcmand; (2) 1'o ktcp the imp~ovtmes~t: now a~u1 hcrcaitcr upon saicl prtmisrs itesural aqai»si dama~e
hy ~irc. wi~dsto~m.• and such c?cher h~tzards as the 1?lwtgaxcr m~r rcquire to bc i~surc~l againsc. uncil sa~~l
indebcecincis is [u!{r paid. or in cax ot toreclosutc untii : xp~?ation ot ~hc period 4t tcdemption. ~ar the [ull
in~unl?Ic value the~cot. in such compa~ie~ and ip 3uch torm as shali be satisfactory to tl~e Mortgagcc. u~ch in~u~-
ancc ~wlicic~ sha11 ~cmai~ with the Morcgaga during uid pc~iocf o~ pereals and shal! co~ta~n thc usual clausc
making them payablc to the Mortgagee. and. in csx o[ torcclosurc sale. ~yablc to• the owne~ oi the ecrti6cate
ot sale. and, in cax a[ loss, the Morts:gee is authori~ed to.sdjust. rnilect. ancl rampromise. i~ its diurttion. ail
claims unde~ such policies. a~d the Mortgagors agiree to s~gn upon.cieinand all receipts. roucher~. and releases ~
tequired of ~hem by the insu~ance compan~a: Not to commit or ~u8er snp wasee oE uid pM;~e~ty. and t+o ;
mainain che usne in good condition and repair; To promptly par all bills (ot such re~aus and all other
expenses incident eo the ownership oE iaid property in orde~ that tw lie~ ot mechania.or matenatmen shalt attach
ta satd p~opr~ty. ('Sj Not to tuRer o~ permit any unlawful use of or any nui~nce to exi~t upon said property:
(fi) No[ ce dim~n~sh ar imPai~ che vat~e at aaid property or the sr¢uritr mtrnded to be cRected by virtue oE this
mortqage br any act or om~u~on to act: (7) To appeat ~n a~d de[~t~d any proceedi~g which in the opinion of the
Morcgagee afEects iu secutity hereunder. and to pay all costs, expenses„ and attorneys' iees inturrc~d or paid br
chc `tor~gagce in any praeeding in which it mar be madt a pa~ty defendant br rcason u[ this murtgage: (8)
Not to suRc~ or permit without the ~vritten permist~on o~ consent oi the Mongagee being 6nt I~ad and obtained
(a) any use oE sa~dpro perty for a purpose other than that for which the ume ~s nor? used: (b) any alcentioas.
addieions to. demolicion or rei~val of anr of the i~n vements. appantus, 6~tura oreq uipment nonr ot
he~cafeer upoa said propertr: (c) a purrhase upon c~nn itional sale, ltase ot agreemrnt undtr whith titie is '
rescrvcd i~ ehe vendor. of any appantus. 6xturet or equipment to be plaad in or.upon anr building or improvr
meot upon said pwpeny; (d) a ule. assignmrnt or tnn~er of anJr righ~ tide or mtcrat in and to said propertp.
or ~nr portion che~eof. or any oE the improvements. apparatus, 6xtura or equipmeat ~rhlct ~t~ar be found in
or upon said propertr.
B. THE MORTGAGORS FURTHER COVENANT: - '
(1) That in case oi thrir ~failure to ~edorm any a[ their c~ovenanb herrin, the Mortgagee rnay do on tLeir
behaU everything so covenantcd; that sad Mortgagre may also do any act it may dean necessa~r to procect
il~e lien o! th;s morcgage, and that they will immediatdY nWY ~Y ~ri P~ a~~'f~' ~ M~B~
!or any of the above purposes, and suicb moneys, toget6tr vnth intemt the~on as provided in said Note, shall
becomc so much additional indebudneu ~ secured by this mortgage and mar be iacluded ia anr deer+ee toreclos-
ing this mortgage and be paid out of the e+ents or proceeds of the sale d siid pn~ixs, iE not othuwise Paid bp
them; that it shall not be oalig~tory upon the Moitgagee to inquuc into the validity aE a~ lieA, r.ncumbrance
or claim in advancing moneys m that behalf as above authoriud, bnt nothing herein oontained shall be c+ou•
•wed o?s nquiring L'~e Morcgagee to advance any moneys Ear any purpose nor to do aup ut henunder; that
the Mongagee shal! not ic+cnr penonal Iiabil;ty because oI an~3hing it may do ae anit ta do here~:nder; -
That u the intent hereoE w secare payment of said Note wbether the mtire aanount shsU have been
advancrd to the Mortgagoys at the dau hereof or at a later date, or 6aviog L~~tea advanced, shaU have been ro-
pzid in part and furthv advances made at a later dau, w6ich advanca stull in no tveat opente to inake the
principul :um of the indebudnas greatu than tbe aawunt nuexd in said Note plui any ama~nt or amounb
that may be added to tbe mortgage indebcednas under the terms henwf;
(3) That in the rvent- the ownenhip o~f ~aid property, or any ~,ut thereoE, beooa~a vatcd in a petson othu
than the I?iortgagors, the Mortgagte may, without notice to the Mortgagors, ~eal with such successor or :ue-
casors in interat with rtferetioe w this mortgage and the debt hercby secured in the wne aunner as with tha
Mortgagors, and may forebeu to ~e or may accend time for paymrnt of ilx debt ~ec+urcd here6y without dis-
charging or-in any way affating thE li.b~ity of tbe Mortgagon hereunder or upoa the debt hereby ~cuied; .
' (4) ?hat time is che essence herrof ared if default be madt in performance of any c~ovenant herein eon-
taeaed or in m~king any paxment under said Note. or any extension or renewal thereoE. or if proceedings be
i~stituted to enEorce any other lien or charge upon any oE said Propcrty, ort upon che 61ing oE a proceeding in
bankruptcy by or against the Mortgagon. or if che Mortgagon shal( make an assignment Eor the benefit of their
creditors, or if their property be placed under rnnvol or ~n custody of any court. or if the Mortgagon abandon
any said property, then and in any of said evenu, ttie MortgaRee u hereby authorizcd and empowered, at ~ts
opuon. and wuhout affecting the lien hereby created or the Qriontq of sa:d lien or sny right of the 1~Iortgagee
hereunder. to dectare. without notice. al~ sums serured hereby ~mmediately due and payable. whetha or not ~uch
deEault be remedied by the Mortgagors. and said Mortgagee'may irTe~nediatelp proceed to [oreclose thu mortgage.
(S) That upon the comcnencement of any foreclosun procteding hereunder, the eourt in whith such b~]t
is filed may, at any tame, either before or piter sak, and without notice to the Mortgagrm, or any party cl~im.
ing under them, and without rrgard to the then ~~lue of said premisa, or whether the same thall then be oe•
cupicd by the ow~ner of the equity of redemption u a homestead, appoint a receiver with power to manage and
nnt and to collect the rents, ~ssues, and pmfiu of uid premises dunng the pendenty of such ~oredoaur_ suit
and the statutory• period of redemptioa, a:~d such nnts, issua, and profits, when collat~ed, may be applied,
before as wdl as after tht master's sa?le, towards the paymmt of the indebtedne~s, costs, t~ces, insurance ot
other items necessary• for the protection and preservation of the property, inciuding the acpenses of ntch rc-
ceivership; and ~pon foreclosure and sale of said pnmises there shall be fust piid out of the pmceed~ ~:urL
wte a nasonaW~ sum for atwrne~z' or solicitors' fees, and alw aU acpensa af sdvertising, telling, and conveying
said prerr,isa, and all moneys advanud !or insurance, taxes or other liens or assasme~b, oudays for documeat-
uy ev~dence, stenographers' charga, all court cosu, masw's fea, and taat of procw:r,g ~r oonopkting aa a,bstra,,,,t
of tide or guanntee poiicy showmg the who;e tide to said premises, aud incl~~~ ilte forecloaure decree and
the Master': Certificate of Sale; then to pay the principal indebtedneu wbether due ~ pa?n?bk b~r tt,e terast
hereof ar not, and the interat due thereon up te the ti~ne oE such sale, rendering the overplus~ J any, unto the Mort-
gagois, and it shall not be the duty of the purthaser to see w the application of the purthase mo~ney; and in
cax of payTnent of uid indebte~ness, atcer she f~in~ of u,y bill w foralose ~ mortgage, and prior a ~he entry
of a decree af sale, a nuotuble sum for legal sernces rendered w the time af such payment shall be ailawed as
wlicito~ fea, vrhich, together with any sunn~aid :or .eontinuation of absvact, court cosb, and :teoographe=s•
chuges and expens~ d:uch proceeding, shaU be addidonal indebtodne~ hereb' secu~red.
(6) Tbat euh right,~o
wa, and renxdy herein conterred up~ tl~e Mortgagee n cua~ulative of every other
right ar remedy of the Mortgagee~ w}x~er huea~ or by ~aw eonfrrred, ~ad mar be eaforced waeurrently tbar.
w~th; that no waivu by the Mortgagee d perfoca~anu of anp oova-isnt berein o~ in ~d Note cos~tainod :haU
ihereafcer in any marsner aRect tbe nght o~f tbe Moreg to require oe a~fa+ce~
ormaaa af t~e same or a~ny
other of said cavenanti; tt~at whenves tbe contest h~ieyuira, tbe plunl aua~ber, as u~ed beeein, thall irxlude
the sing~lar. p
BDOK15p PAGE 95
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