HomeMy WebLinkAbout0865 "-'Oi~~'P~R i~R~ all additiona, rapl~acea~e~ts ar~d 3~rovewenta to i~? o~ tbs
foregcings ancl a~l and a3:~guJar the tenearante, h~ereditaaents and ~ppurt.e~aass
thereto beloagirg, aad tbe rsats~ iaeuea and pratita Lhereof, and alao ail tihs
estate,_right, Litle, intereet, hoaest,ead, darer, eeparat,e esta~~~ posseesion, i
claia and de~nd vhataosver, aa xell in 1av ae in equity, of t,be sa3d Mortgagaor ~
iaa and to t?bs woa~tgaged pro~arty and every psrt tbsreoi vi~.h tt~s appurterytnoea,
sgecii'ica11Y in~luding all righLa aad equiti,aa of redetiptioa, all of xhich are
hereby sxpreaa]~y ~aivad. (Al1 ot the faregoiag, Whet~er cc~aisLing entire~y of
real propa~ctar or entirely ot ct~attele, a~ ot bol.b rsal property aad cb~.~Lte1s,
ia bere3n tor ~nience c~lled t?ie '4~ort?gaged graperty") .
?0 NAVS AIiD TQ B~,D tLe said aaart,~aged property and avery gsrt t?bsreoY
ut~ o the tiortgagee lorever. ~ ~
PR~III~D aLhI~IYS, and thia ~aartgage ia on tbe e~cpreaa cwAditi~~ Llnt if
~~oY"t~aS'o~' a~11 pa,Y aa~ ~:auae to De psid all ot t.l~e woneya mentioned 3n safd
"Obl3gation" aud ~be i.nterest thereon, sll at t,be t:ses and in tbe sanner a~ s
tharein agreed to be paid, acaaa~di~ to t.he t?r~e intetit and a~eaniAg t~aereof,
aAd et~sll psp all oLbe~r su4s paravided to be paid by tLis mortgage, and shall
periorio and abide by all t.he cavenantb and agreeaenta herein and 3n eaid i
""~ligation" contaiued, then t~bese p~reserita st~ll be vaid and the estate be~ein
and hereby granted at~all cea~e and determ3ne.
/IldO SdID ?i~t~GQt doea hereby covenant With the Hortgagee th4t aaid ~
Hrnrtgagooc~, at the ~ ti~oa of' e~cecutior? and delivery of theee preeenta, ia tbe
absalute woer of aad in poseession of ea3d ~aartgaged propertyj t,Lat bs bas ~
a good rfght,_ t1~1.1 po~rer and lawt~i authority t.o convey t?he eame ia the msnner =
and Ya~~m barefn aet forth; tlnt said property i.a ~5ree and clear o! all liens ~
oY' what?gver usture, exaep~ aa apecifically aentio~ned herein, and Mo~rtga6ear ~
tl~lly rarr4n~s the title~ to asid property and Ni~l deYe~d• the sam~e agair~aL all ~
ls~ti1 claime and demands e~ccept ~ram t,be ~+arraaties cont,~ined in ths enc~p-
b~ancea harein apecifically set ferth. ;
AND T~ i~i0Et1~GAGdR does 6sreby t~u~Lher covenant, promiae and agree xi.th
tbe Mortg,agee, ita• ancceaaors and aaeigna, aa fo7lawa:
l.. t~Iortgagor ~3],1 noL caoa~it a~y Waate, - or ~reaken or i~air the- security 3
of this t~ortgage; tiri11 p~y, prior to delinquency, all taxss and a;sess~nts !
levied or iag~oaed on ~i~ propertyj xi31 kegp tbe ~artgaged po~operty. 3,nau~ced . ~
in such m~nner ard in aucb amounts aa Hortg,agee ~y require; and x311 not ~
rmiave at~y cbattels, iP included in this ~o~ctg,~ge, t'raai ~be premiaea where t.hey ~
are nar situat.ed, xithout MorL~agee ~s xrftten co~neent. ~
2. In t.he event of euit t~o Yrnrsclose thia te~rtgage, Ziortgagae~ st~all be
entitled, a9 a matter o! right, xithout regard to t.h~e value of tbe mortgaged
praperty or to the solv~ency or Mortg,agor, and rrithout notice, to the appointwent
c~ a Receiver oP t?he mortgaged prop~rty and the inco~e and profits t~reof.
3• In tbe event of kartgagar~s failure to pay ta~oee, or te keep tbe F
prewi~es it~sured as raquired, ~Iartgagee ~y, at its aption~ but ia not required s
to~ m~ke~ euah pay~eents, and the s~nne so advanced aball be repeid by Mortgagor {
vlth fittereat aa provided in t.he "Obligation", and said sums ao paid by the
Na'='t.~a8ee eha11 be secured by this ndortgage.
4. xn the event oP aqy dePault ~n the terms oY t.he "C)bligat3on" oar this
mort~age, ~;rnrtgagee m~y, at its option, declare the vhale indebtedness secured
t.hereby to be iorsed3ately due and payable. - .
5• 1`hst no eutenaion or modificatfon of the pays~euts to be made as ;
hereinabwe set forth, and no release of an~y part ar parts ot the mort~aged =
properLy, or oP otLer callateral ascuring tbe abave-deacribed indebtedness, '
a~ren ~hough nade xitho~t coneent of the l~:aac~t~agor, ahall relesss~ relieve, or
diect~trge the I~Iortg,agcr .f~roca the payAent o~ ar~r suma hersby aecured, and
I~ic~rt&agee ehall have tha r~t to rale~se ~o~m the lien hereof a~y portion or
portions cf the ~artg,~ged pronertg, aar other col7,at.eral bsld aa aecurity far
said itidebt,edneas, irrespective ot the value of t,~ie releaeed poztion, ir~.tbout ;
alfeeting the lien hereo! aa to ~he partion c~ portlons not released, Aotvith- ~
. standing t~ha ~ct that such release ~r releases nr~y be mRde xft2~aut kaaw2edge t
~ conaent of the Nortgagor, oa~ of at~r prsnt.ea o~• prantees oY por~ions af such
preperty thes~totore sa].d.
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