The URL can be used to link to this page

Home My WebLink About1068 ~ row rr~ • • ~ ~ Also sll si~-conditionia~ equipment, aas. steam. elatric, aate~ and othet heatin~, coolci~. cef~igtratin~. li~htia4, plwabia~. vent~laun~. irrigatina aad pow~ec srstems. fumuu~e. •nd 5xtures ~vhich nnv n~ ma~ herca(ter perta~n to o~ he u~ed v~th, ~n o~ c+~ sa~d premises, errn thouRh ~hev be denched or deachahle. AND ALSO all additions. replaccmeats. sad imp~o.emeaa ~o sar oi ~hc Eo~oing. sod s11 Prope oE ~ 1~e ostnre w an7 ot tke [orcgaa~. acanired b~r-the Yoct~or1nenss~U AWt~ t~tra~dc-~ m~ask~ trad~~ and trsde-Procaaa nstdp~t Yort~+~ ia nsed in toapection with ldo~tgago conaectan therewrith aad the good wili of said busiaess. . TOGETHER WITH all sad singulu t6e teaements, hereditaments. aad appnrteasnces tberenato bebnQina or ia sapwise ap- pe~taining. and the rents. iunes and profits thcreof. aad also all the atate. righ~ title. intereatt botnatead. dower and ri~bt ot dower. sepante estate. possession. elaim snd demand ~rhatsoever. as well ia law as ia eQuity. of tl~e ~d ~[ortta~or in aad to tl~e mort~sged property. snd ever~ part thereof. ~?ith the appnrtenaaces. ~All oE the toregoing, whether rnnaisting eatirely of rcal propertp, or entirelr of~hattds, o~ oE Doth real estate snd chsttels. is here~oafter, for coaveaience. csUed the "mortgaged propert7"•) TO HAVE AND TO HOLD the mortgaged propertp. and everp put tbereof. unto the Mortga~es fore~er. PROYIDED ALWAYS, and this mortgage is on the cxpreu conditan. that if the Mort~sgor shall pay or cause to be paid a!1 oi the monies mentioned in uid promissory note, and the interest thcreoa. all at tlK times aod u~ the manner as therein agrecd to be paid. according to thc true inteat aad meaning thereof. and shall pay aU other sums pmvided to be paid by this mortgage aad sball perforni and aDide by all the corenaats aad agreements herein and in said note rn~tained. thea these presents ~haU be vad aad the ~state herein and hereby grantcd shall cease and determine. ~ND SAID a~ORTGAGOR does hereby covenant with tbe 1.ortgagee that uid Mortgagor at t6e time of the ensealin~gaad delivery ot these presents is the absolute owner ot and indefeasiblq seized of said mortgagcd property in fee simple; that said Mo~tgsgor has good right. full power and lawfnl authority to grant. bargain. sell and convey the ume ~a tbe manaer and form aEoreuid; that it sLall be la~iui fo~ the I?lo~tgagee at all times hereafter peacably and quietly to enter upon. hold. occupy and enjor ued mortgaged property and every part thcrcof, and the appurtenances: that said mortgag~d property, and everp part tl~ereoi. is free and clear of all other aad for:~~cr liens. assess~nents. charges. ~udg~nents. taxe~. tax titks andfor tMificate~. _and eacnmbrances of every kind and natare except such as may be herein specifically mentioned: that uid Mortgagor does fnlly w*arrant the title to said mort~aged property. and every part thereof, and will forerer defend the same against the lawful claims ui ail persons whomsoever. ~ A~TD THE ~iORTGAGOR does hereby Earther covenant. promise and agreq to and with the Mortgagee, as folloWS: 1. To pay prompdy as they severallp become dnc aU and sin~ular the payments ot principal and interest and other sums of rr?oney payable by ~ irtue of uid promissory note or any renewal or tateas~on thereof. and by v~rtue of this nwngage, all past due interest to bear interest at tfie nte of eight per centum (896) per annnm Irom its due date until ~paid; to pay ~Il and singular the tosts, tees. thugea and c-~~?enses, including cost of securiog abstracts or other e~idence of the status of the title to the mortga~ed property. and rnsonable atta~rr~'s fees. which tt~e Mortgagee may be put to or incur in colletting any sam. tither of principal or mterest. secnred hereby. ot in protcct:ng the Mottgagee s secunty. whether by suit or otherwise; to permit. commit or snf(er ao waste. impairaimt o~ detenontion -of ~aid property or any part thereof; to pennit nothing to be done to sa~d morigaged property that may in any v?ay weaken or impair the cecur~ty under this mortgage: to perforn~, compl~ w~,ah and abide br each and e~ery the covewnts, agreements and rnnditions of said promissory note and of this mortgage. 3. To keep the above described~ premists in first class repair and in as gwd condition as thpr-aow arc; to perwit the Mortgagee to enter upon aad view said premises. The buildings now Ibcated on premises heran or v?hich may hereafter be located or erected there:,n shall not be relotated thereon or rcmoved therefrom. altrred or ren~odeled without t6e written consent of the ~~ortgagee; + and. in case of breach of this condition, the parties so doing or the I?Iortgagor shall be liable to the Mortgagee for aay dama~Ce done or ir.~oaic,nent of the property securing this mortgage; and this mortgage and the note or notes secured hercby shall, in ~ts or their e:itiret~, become immediately due and payable at the option of thr '~iortgagee. This mongage lien extends to any buitding no~v ~::~:atr or ~~hich mar hertafter be situate or located on sa~d pra~:i~c~ and to nuterials composmg said building. whether attached or de- tac6ed to the real estate here:n: aad in tue of the rem~~al of any building now located on sa~d prem~ses or which may hereafter be locatrd thereon or of the ~naterial composing same during the te: m af this mortgage to some other premius. the lien of this mortgage sha!i r~r~ain and be enforceable against uid buildings or material whereaer same may be moved or reloeated. 3. To promptly obey and comply with all laws and rtquirements of any and all duly constituted governmental authorities; to pa~• promptly when due all and singular the taxes, asscssments, lev~es, liabilities. obiigations and encumbnnces of every kind and na- ture tL•at r.~ay i~e Ic~•ird. asses~cd or ~mposed upon or against said premises. or upon this mortgage or tht indebtedness secured hereby; to F.ern~it no lien to accrue or remain on said premises, or an~ ~art thereof, or on tht improvements thereon, which might take prece- dence over thc lier. here:n and hereby created: to deposit with ihr 3iortgagee. on or before the first day ot April in each yar. if noR f airead~ possr~sed by h;m, and in an~ event prior to delinqnency, ~atisfactory evidence of the payment of all Wces, assessments. public E c`~a~qes and liens of e~er~• nature, affecting or ~.hich may a~feet, t'~e abo~e described pnmises or anp part thereof. (Rev. 2-1-S1) ` To keep the mortgaged property and the improven~ents nu~c or hereafter on said mortgaged property insnred against loss by ~ fire ahd IiShtning, and against loss result~nA iram windstorm and such other insurable hazards u may be required bp Mortgagee, in a c~n,pany or companies sati~factory to the ~tortgagee, in a su~n uut less than the insurable ~alue of the mortgaged property (or such ~ lesser amount as may be acceptable to \fortgageel, the pol:cy or policies, nith the preminme paid, to be deposited Kith tht 3tortgagee, ~ each policy to contain, or to have attached thereto. a Mortgagee Clause pravidinR for the payment oi the insurance monies. in case of loss, to ~Sortgagee, such ~tortgagee Clause to be in substantialiy the fonu of what is generally kno~~n as the °New York Standard \Iortgagee Clause', or in such other form as may be required by the ~dortgagee: to deliver all renewal policies, witb preminms paid. unlt:s provis~on for the payment tbereoE be made as provided in subparagcaph (a) of Puagraph 19 hertof. to the lliortgagee. at Itast ten (10) days prior to the expiration of the old policies; to permit the amonnt of ~nsunnct money paid by any insunnce company in ca:e oi loss to be applied either on the indebtedne~s secured hereb? or in rebuilding or restoring or replacing the destroytd or dam- ~ aged property. as the atortgagee ma~ elect. That if the \tortgagor fails or refuses to thus repair andjur in~ure said mortgaged property, or to delirer such insuran~~e poiici~=, premiums paid, as herein provided. or to {?ay and dischuge any taxe~, assessments. liens. charges. encumbnnces or other costs or pa. mrnts herein agreed to be pa~d and discharged. the 'hiortqagee may, at Mortgagee's opt~n, make snch repairs. protnre such in- s:,rar,ce, or pay and dischargt such rixes. asscssmtnts, liena, charges or otlxr costs and that it shall not be obligatory on the 1ltort- gager to inquire into the neccssity or validity of such npairs, taxes, assessments, liens, charges, or other costs; that aothing herein con- tained shall be construcd as reqnirmg the Mortgagee to advance any ~nonies for any of the pnrposes aEoresaid; that the ezercise br the liortgagee of anch aption to advaace monies for snc6 pnrpoa~s shall' in no wise aaive or affect ltortgagee's right of foreelosare ot an~ other right or remed~ hercunder: that all monies thns pa~d shall dnw iaterest at t6e nte of .eight per ceetnm (87G) per annnm. ~ ~ and, toget)jer with reasonable attoraey s fees. coats, charga, and expenses of securing titk searc6 and of foreetoswe or ot6a pr«ted- ings, shall 6e-repaid to tbe ]~ortgagee. on demand. and shall become so much additiowal indebtednas herebr secnred. and if not other- ~ Krovidt~dd. by t6e ~iortgagor. shall be paid ont of the proceeds of the ule of t1x mortgaged propettp in case oE foreclosnre u herein P ~ 6. That the aiortgagor will give immediatt notice by ~nail to the Mortgagee of aay con~e~ancee, tran~fer. or change of owner- ~ ahip of the premises. ~ 7. T6at the Mortgagee shall be snbrogated foc fnrther secnrity to the liea, thong6 released of mord, o~ anr aad all eocnmbraticu ~ ~ paid ~ut of the procteds of the loan secnced b~ this morteage. ~ 8. That in the event tbe ldortgagor shonld sssign, tbe rmts. issnes and pr~ts of the mortga~e~ premi~es, or snr part thereof, «~ithcrot the conseet oE t6e 3[ortga~ee~ tbea tbe rntir~e principal sum secnred bereby s6a11, at the optaa of the lt c~a~ee, become im- n2ediately due and pa7able: tbat tbe Yortgsgor, to furt6ernsawre the payment of t6e iadebtedness berein abo~e d~arn'bed, does here- b~ assign to the ldortga~ee. alt tLe renb. issnd and prafits of said pnm~ses mataring and becoming dae mbseqoeut to and dnring the p•-ndenty of any defanlt ~n the papmrnt of any principal or interest hereby secnred or in the performaate of any of tbt corenants. bereia conUined. - (2) aooK165 P~1065 _ . ~s~M. - ? ~ ~ y"`~