HomeMy WebLinkAbout1589 ?OG~R NI~ all a~dditions, replracea~ents and 3mprove~enta to a~r of the
foregoing, and all and singul,ar t~he tene~oenta, tiereditaments and appurtanances
t.hereto belcnging, and t2~e rsnta~ issuas and protits thereoY~ and alao all Lhe
eatste, right, Lit3.e, interest, ho~eaLead, darer, oeparate eat~ate, poaaeaaiou,
cla3m and demand wt~ntaoever, aa Me]1 ixi law aa in equity, of tbe eaid Mortgagoar ~
in aAd to t?he amortg~aged property and every psrt thereof xith the appurtenancea, ;
speaifioslly including all r3ghta and equiLiee ot redemptiaa~ all o! w4iah are
hereby e~resaly ~aived. (All of the Yoregoing, vhether aanaisting sntirely of
real property or entirely o!' ct~aattel8, or of both real praperLy and ahattels, ~
ia besrein for c~nmenience otlled t~de "~?ortgaged proper~y")
TO HIIVE AND TO ~.D t.he said woa~tga8ed Property and every p~rt thereof
unto t.he tiort~aagee iorever.
PROpVITSD ALi+?AYS, and thia ~tgage is on the exprsss canditiar:, t,hat if
the llort~gor stiall pay aar oauee to be psid all of the a~cneya msuti.oned in said
"Obligation" and the irltereat thereon, all at the times ar~d in thc. ~+anner as
therein agreed to be paid, acco~ding to,t.be Lr«e 3ntent arid eneanin6 t!iereof,
and sball pay all other sums pravided to be paid by t?his martgage, and ahall
perforia and abide by all the covenanta and agreec~ent8 be~rsin and f~a 9aid
"flbligation" contained, t,hen theee presenta shall be void and? the esta+..e hezein
and hereby granted ah~all ceaee and determdne.
AND SJ1ID t~tT~AGat dpes hereby cove~nt with the Hortgagee that said
Kortgagrnr~ at the ti*tia of e~cutioa and delivery of theee presenta, ia the
abaolute oWt~er oY an3 in possession of ~ai.si aortgaged property; that he haa
a gaod right, f1il.7. p~,~rer and lavftiil. authority to corney the aaa~ i~u t.he ma~ner
auad farm herein set ~orth; that ~sid property ia ~'ree and clear of all liens
oY xhaterver r~ature, except as specifica_].y n~entioned herein, and ~iortgager _
iLll.y xarrants the t~icle to ae~id property and Will detend tbe saa~e against all
laxtlil cl,aims and der~:ands except fran the ~arranties contained in the enc~
brances herein specifically set frn~th. ~
11ND TI~ i~21~GAGOR does hereby fLrt4er crnrenant, promise and agree ~ith
the Hartgagee, ita successora and aasfgns, as follaris: _
1. Mortgagor vill not coan~it a~y yaete, or ~reaken or i~air the security
of this mortgage; ~r311 pay, prior to delinquency, all taxes and aasessmenta
levied or im~osed on ssid property; Will loeep t,he mar't?~ged pa~operty inewred
in snch menner and in such amaunts aa Nort,~agee msy require; and Wi]1 not
i r~aave arq? chattels, if included in tbi6 sartgage, Y~oo~ the premisas Where thsy
~ are na~ situated, i+'ithout I~artgages t s~ritten coneent.
2. In the evsnt ot su~t to Yoreclose this a~art?~age, 2~iortgagee shall be
eutitled, aa a a~atter ot right, ~rithout rsgard to the value oP tha mortgaged
property or to the solv+ency ot Hortgago~r, and tirithout notice, to the appointinent
of a~ Receiv~er or the moz-tgagsd propezty ~cl the inCOOOe and prof~ts Lhereof.
3• In the event of isortg,agor' a~ilure to pay ta~s, or tn keep the
pree~iaea insus~ed as required, Mort~agee ~e?y, at 1ta aption, but is not required -
to, m4ke such payaents, and t.~e sums so advanced 8t~a11 be repe~id by tiortgagor
~ith interest as pro7id~ed in the "~ligation", ead eaid swaa ao paid by the
Mortgagee sha].l be secured by this ~ortg,age: ~
4. In the event of ar~y default in the terrns oY tbe "Obligation" or this
mortg,age, ?;artgagee may, at its option, decl,are t~e vhale indebtedness 9ecured
thereby to be immediately due and psyable.
5. T2~at no extension or modiPica}.ion of the payments to be made aa
he~ceinabaa?e a~et Fort~, and no release o~' ar~y part or parts oY the mortgaged
~ praperty, vr- oF other co2lateral secur~ the abrnre-described 3ndebtedness,
~ even t.hough made Without coneent of the Nortgagor, shall release, reliev~e, or
~ dischsrge the lIoTtgagaac~ tyran t.he payment of ar~y suvs hereby aecured, and
tiart~agee eha11 have the rig~t to release f`ran the lfen hea~eof ar~y partiflr? or
prnrtians of the marLgaged praperty, oar otLer col.l,aterr~l beld ae security far
~ said i~ndebtedn~ess~ irrespecti~v~e of the valws oP the releaaed portion, xi~haut
affecting ttse lien bereot as to the portian aa~ portiona not released, notaitb-
standing the fhct thet such release oa~ releases ~oay be msde xi~Lhout knoRrledge
ar conaeut of the Hortgagor, aar of ar~y Grantee or G~anteea ot pr+rtiona ef such
PmPg~Y tt,e~tolare sold. {
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BOOK ~611 '~~E
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