HomeMy WebLinkAbout0824 ?OGSTI~R KITA all sdditioua, raplace~?eata at~d 3oap~ro~vaweoLs to a~? ot the
foregoiag, and all arid s3ngulsr l~hs t?sne~aoA~a, heredit~aw~snts aud appurtenances
tbereto belanging, and Lbe renta~ isaues and poroti~a thereoY, and also all the
estate, right, title, int~erea~, haraatead, darer, eep~cate eat~ate, posassaiou,
cl,ai~a and de~nd wbataoever, aa xall in lav aa in equity, of tbe aaid Mostgaagaar ~
in and to Lhe wvrrt~gs.6sd Pro~e~'tY aad ev~ery pa~rt tbs~reo! xith ths appurtenianoea,
specitioally inc7.uding all righta aAd equitisa o~ redem~tioa~ all of vhich are
hereby e~reaaly wsivsd. (411 0! the lcaregoing, ~het?ber aoaais~iug entirely oP
real Praper~y or entiraly ot cbat~els, oar o! both resl praperty and cbattela,
ia herein for aouvenience c~lled t~he 'bioa~tgaged proper~y") .
TO HAVE /tND TO 8~D the esid ~ortgraged prq~erty and emery part t,~t~sreot
uuto the Hortg~gee lorever. -
PROVI~'s0 AT~+?AYS, and this a~crtgsge ia o~ ths axpraaa c~ditio~, tl~at ~,f
ttie ltortg~agor sl~a11 pay oor ~a~se t,o be paid all o! t?be ao~eya mentiarred in safd
"~ligation" arid the intereat t.hereon, a11 at the .times +uhd iu the aanner as
therein agreed to be paid, acco~rdiag to t~e Cr~e inte~t and ~aning t~aereof,
and adsll pay all other a~msa p~ro~?ided to be paid by t.hia no~~tgage, and sba31
perYors~ aad abide by all t~h,e caver~snt~a and agreemenLs berein and in said
"dbligation" contsined, t,hen t.hese presents ahall be void and the eatate hez~ein
and hereby granted ahall cea se and d~teraiit~e.
/1ND SAID tiQtTaAAGat doee hereby cover~nt vith the Hortgagee that said
l~ia~rtgagar, at the ti~re oS execution aa~l delivery o! theee preeeuts, ia the
absolute oimer of an3 3n poeaessioa of e4id mo~tgaged prcgerty; tbat be haa
a good right, f1~]1 pc~rer and laxfl~l authority Lo comrey the esme in the mar~ner
and YaTm herein set ~~rth; that said praperty ia t~ree and clear of all liens
oP Whe~t.e~re~ nature, exrcept as specificaaly sentioned herein, and Ho~gager
flilly ~rarrants the t;t2a to asid property and w311 deYer>d the eame againat a11 _
La~f~l claima aad de~canda excsgt fraa the warr4nties contained 3n the encua~-
brances herein apecifically set frnrth: ~
AND. THE. MatTGAG~i doea hsreby fLrther co~vensnt, promise and agree v3.th -
the Kortgagee, ita succsesors and aasigns, as fallwa:
~ l. ~ Hortgag~r s+ill n~ti caa~it ar~y ~raste, or ~eaken or 3mpair the security
of ttiis mortgage; xill pay, prior to ~delinquency, all taxes and assss~ents
1e41ed tir~ impoeed oa eaid property~ ~ill Ioaep t.be mort6,a6ed paroperty inaured
in auch msnner aa~ in ench apaunts aa Hortgagee may require; ~ad xi11. riot-
rema~ve- ari~r" chattels, if includsd in this mo~t~age, t~ai the pre:oisaa Where they
are nar~ situated, ~+ithou~ Mortg~gee ~ s~+ritten coueent.
` ~ 2. In t?~8 event oY suit to Yaa~eclose thia n~tgage, Mortgagee shall be
entitled, as a matter of right, xitt,out regard to bhe value of ~tbe mort~aged
property or to the solv~ea,cy of Mortgagor~ and i+ithaut notice, to the appoint~went
of a Receiver of the martgaged property and the incane and profits thereof.
~
3. In ~he event oY tsortgagor ~ a failure ta pay ta~oes, or tn keep t,~~e
preaniaes insured as requised, Mor+.g,agee my~ at its aption, but ia not required _ -
to, m~ic$ auch payments, and the sams so advauced s~ll be repaid b3r liort~gor
xith interest as provided in the "fbligation"~ and esid suma ao pe~id by the
Mortgagee ahall be secured by t.hia a~ortgage. ~
+
~ tt. In the e~vent oY any def'gult in the ter~ns oY the '~Oblig3tion" or thia
¦ mort&age, 24artgagee ~ay, at its opt~on, dec2are the vhale indebtedness aecured
thereby to be ia~ec33ate~y due and payable. . .
5. That no extenaion ar modificati.o~n of the psyments to ba made a~
t~ereinabwe set forth~ and no release o!~ aaq part ar parta of th9 mortgaged
~ praperty, or oY other collateral ~ecuring the abave-described lndebtedn3sa,
~ e~ven though made xitnaut coaeent c~ t~be l~iart,gagor, shall release, relieme, or
~ diacharge tbe lio~rt~ago~r i~r~a the payment a~ ar~y sums her8by eecured, and ;
Iiort~agee shall have the rig,6t to re~ease f~aa the lien hereo! ar~r portion or
~ portians of tbe a~ort~eged praperty, ar other collateral beld•aa security fur
~ eaid indebtednese~ irit~eapectiv+e oY the valus of the releaaed portion, xithout
affeating the lien hereo! aa to ir?be partia~ oa~ portions not relea~ed, notvitL-
standing t~a fact t,hQt such relea~e or releases me~y be a~ds ~+ithout kaa+ledge
ar coneent of the Mortgago~r, o~ oY aTMy Qrsntee ar C~°anteea o! prr~iona et such
prapsrty thes~atofare sosd.
~ • "
gppK~.59 PAGE 2~4
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