HomeMy WebLinkAbout2718 ~3. To pay cclt and singrc~lar the costs, clearges a.nd e.i~e~a,ses, inctrcding In:c•r~er's
fces, rea.so~abdJ inctarred or paid Rt dny tim.e L~suid .htort~a~ee Lecause of the fatlr~re
o?e the part of the sai~l JVort~agur to perfurm, caniplJ with aiad ubicte b~ each a~r.d
ei~ery the stipulations, conditions and covenants of sai~l proniissory notcand this ~leed,
or either, anc~ rverJ stcc/i ~rx~cJment shall bear iitterest front date at the rute o~ ~
Siapls ~ Per annunz.
To keep the builalireg nozv or hereafter on saic~ land insured in a sr~.m not less
than ita ~ t~w abl~ ~alu~e dalla~rs, iit cL com~rxur.y or cnmpct~tic.~ to be
appibuec~ by saa~~~ortyagee. an~ the policr~ or policies hel~l bJ aii~G p~~Jal,le ta sni~l
.hfort~a~ee, and i.n the euent an~~ xrem of monc~J Lecomes ~ua~aLle rtn~er srccli palicy or
juolicies, tlte ,hlortga~ee sltall hai+e thP uption to receivr a~id a~~p1J th~ a~tnre on a.ccouitt
of tlce i~adeLteclncss /~erebJ ~~cc~cre~l a• tu ~~erntit ihP .~luri~a~ur tu rec~ire a»c~ i~~e i.t, or
dnJ part tliereof, for oth.er prc?•~~oses, tvitluxct t/~ereLJ t~air~in o ur i.i~r~~ciiri~a~ ~c~aJ e~icit~y
lie~i or right tinder a• L~ i~irti~e o~' this r.to~~tg7r~e, ur~tl. nia~ ~~lace ~rnd puJ fur steelt
insrarance or anJ part thereof; ivitltucct ivainiie~ or ~ij~'ectiia~ the oplion to ~orecrl.osP or
any right lrereunrler, a~ad euch. and everJ s~cclc 1xrJmeiit sllnll b~ar i.i~terest fron~ d.~~.te
at the rate of 10 ~6 Siaple ~ per anrarcm. -
5. To permit, commit or suffer no u~aste, impairnaent or deterioration of sa.id
property or any part thereof.
6. To perform, complJ with anc~l abic~e by ea,ch and ei•errJ tlre sitpzcla.tions, agree-
ments, conditions and covenant~s i~a said promi,ssay note an~t in, this deed set forth.
7. If acny of saial sums of rrconey herein referred to be, not promptlJ and ficll•J na.id
within lp ~RJs ~aeit after the same seaerally beconte dree ctnd payuble,
or if eaclt and everJ the stiprclations, a~reemenis, coaditions an~ covenants of ,cctid
prorrcissory note and this vleeaG or eitlcer, are not duly performed. complied rvitli and
acbided by, the said a~greg'ate sum mentio~aecl in s¢id pro~nissory note slialL becom.e
due and paJable fort/awitlc or thereafter at tlae optiora of the ~~fortga~ee as futlJ and
completely as if the said cc~gre~acte srcm of ~rl~esw ,Hu~,drsd ~uc~ f~ur.t~t, and a~~],~0 :
c~ollars was ori~~aa J stapic~ated to e pa on si~c .ay, :
c~nyt/tin~ in said promissory note or herein to tlce contrarrJ notwithstandin~.
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8. TIZe Jlfort~a~'ee may, a~t any tim.e u)iile r,c suit is pendin~ to foreclose or to refornt
this m.ort~a~e or to enforce ctny claims ar~sing hereunder, apply to t/~e court hauing
juri~sdiction thereof for the appointment of a receiver, and such co«rt sh.ull forthiait/i
cLppoint ca receiver of th.e premises ctnd alt other property evaered here Lr~, inelr~din~ all
cznd singular the inco~ne, prnfits, rents, issues and revenues from whatever souree de-
rived, and such reeeiver shall have alt the brnad and effective functions anal powers in
canyu~ise entrusted by a eourt to cc reeeiverandsuch appointment. shall be mcu~e by stieh
eourt czs an~ adrnitted eqrlity and a ma.tter of absolute right ta said .,~ortgd~ee, cr.nd
without reference to the adequacy or inadequacy of the value of the property niort-
gaged or to the sotvency or tnsolaency of so,id .~lortgac~or or the defer~dants, aru.~ suc/i
income, profits, rents, issues and reuenues shall be appli-e~ by scceh receiver aceordi~g'
f to the lien of this ~nort~age and the practice of such court.
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~ .~It ~tf2lP~~ ~l~prenf, the said Mort~a~or hereuntv sets his hand and
~ seal the day and year ~lrat above written.
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~ Si~ned. Sealed and Delivered in Preeence of:
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