HomeMy WebLinkAbout1943 ?~0~ MIT~ all sdditiona, repLcs~eats and 3~apronreaenta Lo aiy? ot t!~
foregoi~g, arid all aud ait~gul,ar t~bs ter~enta~ bsradit~am~nta and appurter~nces
t.hereto belo~r~gin~g, +snd ttis rsnt6~ ias~ea and p~arits t~hearsof, an~d alao all the
eatst~e, right, tiitle, i:itereat, ba~satead~ daror~ ssparate- estate, goeasaaioa,
claiw and de~nd whsteoev~sr~ aa Me31 in ]a?M as in equitar, ot this atid Mo~t?gago~ -
in snd Lo thb a~o~t?6,agsd Pi'cpert7 at~d evrer,r par0 thereo! ~+ith t~he appurLer~anosa,
apecificall3r i~cluding all righta and ~qnit3re~ ot rsde~tiaa, all o! vbicb are
hereby expreaaly ~i~ned. (~ll ot tt~ . loara8~6s whst?ber Qo~nsisting eutirely o:[
real prapearty or ent3rely at a?iatt?ele~ oac~ ot both rssl propsr~jr and at~?~t~el~,
ia herein tor comrsni+~nce oalled t~t~s "lo~o~tga6ed P~P~'~'"~ •
?0 HAVS QND !~0 ~.D ~ the a41d woa~tgaged property and s~e~r part t?l~sreof
uaLo the Hortg~agee iaarev~er. i
PR~I~D AI~K/IYS, and t.hia w~rtgage is aa t?he eaprsas co~nditian, t~~ if ~
t.Le Hortigagor aball psy oar cauea to De paid all of t?be aoe~eya mentianed in asid ~
"abllgaLion" aad tl~e interest ~hearean, all aL the tia~ea and in t4s ~osnner a~ ~
therein agreed t~o ba psid, aaca~ding to t~be l.r~re intent and ~ieaning th~ere~f, ~
and st~ll pay all, ot~her auna provided to be p~id by t.hia martgage, and ebsll
per~ora and abids by all t,h~e coRer~etnLa aad agreementa herein aud ~iu r~id
"~Jbligatiqa" contained, theA Lhs~e presenta shsll be void arid the eatate ~e~eiu
and hereby grantsd shsll ceaae aad dstermine.
AND SJl7D ~2~AG~t doee hereby cove~nt ~+ith tbe Hortgagee thst aaid ~
~iortigigor, at t~e ti*es o! euecution and dalivery ot theee preeenta, ia t;be
abso].ute o~ner of
an3 3a poeeesaiou oY aafd mort?~aged property; that he has
a good right, Ytiil], puKer arrd 1sWf1~l authority to cornrey the eaana in tbe ~anner
and laoria herein eet ~orth; ~ tbat ~id pMoperty ia ~ree and clear oi all liens
oP vhat,e~ver nature, e~caepL ae spesific~?33y n~en~ioned berein, and ~tortgager t
~lly xarranta the t{tle td esid property nnd xill dslend tbe sa~e agafnst al]. ;
ls~l c3a3~aa and der.~nda e~cept t'raw t~he ~rrsn~3es cot~tai~ed in t~be encwao- `
brances Lerein apecifically aet te~h. `
AND T~ ~iCRT(~AG~t does hereby l1~rt.her eavensnt, praaiee and agree i~rith
the Hartgagee, ite aucceaaaa~e and aesigas, aa lalla+a: .
1. Nortgagor vill not camit at~ ~raate, or i~eaken or in~air the security
oY tlifs ~sortgage; xi21 psy, Prior to delfnquency~ all t.axea arid assessmenta
levied oT 3mposed on aaid property; Ki27. leesp_ t.he ~aort,g,aged pTOperty insured
in anch nsnner and in auch awounLs aa Nort~agee msy require; and v311 not
re~ave a~? chattela, it included in th3s ~ge, traat t~he premiaes Mhe~re t4ey -
are na+ si:tuated, ~+itliout ~ortg,agee ~ a xri~ten co~neeut.
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2. In t~e event oY suit ~o forecloae this ~oarLgage,~Hort~gagee shall be
entitled, as a matter o! rigbt, xit~bc~t regard to the va].ue of ths mort~aged
propex~ty or to t6e soZ.vency ot ~iort~agor~ and Mitt~ut notice, to tbe appointment ~
of a Receiver of the mort?ga6~d PropertY and the inccme and profita tberso~.
_ . ;
3• Zn tbe event of isort~gor ~ a~ilure to pay t8zes, or ~e keep tl~e - !
: preoisee insured as required, I~or*,~agea may, at ita optfon, but is not required `
! to, sake such payAanta, and tLe sua~a so advatnced shall be repsid by Tiortgagoa~ '
i xith intes~eet as pro~ided in the "'~ligat~on", and said auna ao psld:by the ;
i ~~8a8ee aball be secm~ed by ,thie sort~age. .
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' lt. In the ervent oP aqy dePault in the terms o~' tbe ',Oblfgation" or this `
l
~ mort~age, ~ortgagee me~y~ st ita option, daclare the Who~.e iadebteduess aecured '
thereby to be.im~eed~ate2y due and psysble. - ~
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5. Tbist no extenaicn or modi~'ication oY the payments to be ~de as f
hereinabove set Yorth, aud no relea~e of a~y part oa~ par~s ot the martgaged '
Property, o~ of other ca7.l,ateral securing the abo~ve-deacribed indebtednesa, ~ ~
e~ven tho~ugb mada xitbaut conaent ot tbe lioo~tgagor, ahall rele~ae, relieve, or
diacharge the ~la~tg,agoa~ tycaw the peyaent o~f a~r sums he~reby secured, and
tio~rt~agee ahall have the rigbt to relesae ~ran t~he 13sn hereof ar~y portion or
portions of tbe ~oart~aged property, os~ other ca7l,ateral bsld aa se~urity Yvr
eaid i~debtednea~, irreapectime ot the value of tbe releaeed partion, ritbout
attecting t,be lien bereot ae La tbe portion o~ portious not releaeed, notWith- ~
8ta~ding the Pect thst etich relssse oac~ releaeea may be s~sde xitbout lmarled~e i
~c' conaeut ot tbe I~io~rtgagar, or of ar~y G~autee or (~ranteea oi perLicna et such ~
P~Pgi"tY tt,ereto~are sold. ~
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, BOUK 161 PAGE ~.41 !
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