HomeMy WebLinkAbout2226 To pl~u ~nd oontimwvalr kNp on th~ buildir+Q~ now w Iweahw ~iwar on ~aid land ~nd on ~II pvfpnNM w~d pMSOn+11y covK~d by tl~is nwrtp~
p~, with ~N pnmwms therea~ p~id in ful~, fin teavranc~ in ~h~ uwal ~taodud policy faren, in • wm approwd by tM MORiGAGEE. and wfndatorm
in~w~na h tl+~ uswi uu+da.d pdicy foren, in • sun? ~pprowd bY tM MORTGAGEE. M wch canp+nr a aompaniN a tM MORTGAGEE nwy
dincq and ~II fin ~nd wi~torm insur~na policies on ~ny of ~afd 6uildinp~, any InN~at Nwrei~ w p~rt ti~wf, in th~ apprp~» w~n ~fa~id a
1n ~xc~ss tMnof. ~11 cont~N tM wwl standxd mo.roayN ciws~ a s„d~ od+~r clauN ~a tM MortppN n+a~ .pvin. nwAinp tM iosa wdK aid poli~
ci~a. ~ad~ and ~wry. p~Yabl~ w s~W MORTGAGEE a its intKest rn~~ app~ar. and ~ach and twry wch policy aMll b~ pranptly aa:qrwd and d~fiwnd w
~ny Mid by said MORTGAGEE ~s fwrha sscurity ro uW mortyape deW. +nd. no~ ~as ~h+n »n (10) d~y~ in ~dvaea of tM ~xpiratan oi ~ad~ policy. ro dr
live~ ~o u{d lYIORTGAGEE a nMw~l tF~eof, top~tAK with ~ recapt fw the pr~miwn of wch r~w~lt ~nd tMn ~Mll b~ no fin w wlnd~fann inswa~c~
pl~pd on a~y of aid buildkgs. ~ny inter~f tMr~in or parf ih~reot, unless in tM form ud with tM loss p~y~bl~ a~ ~fa~idl u+d In th~ ~wm ~ny twn
of nwn~y bscom~s payablt w~d~? wch policy w poliaia aaid MORTGI?GEE aMtl h~w th~ option ro no~iw w~d ~pply tM wn~ on ~ccow+t of tM ind~bad-
nau s~cw~d Mnby or b p~m?it said MORTGAGORS to na~iw a+d u~ N a~oy put th~reof fw Wi+e+ p~wpwes, witho~t thereby waivin~ a imp+ir-
inp ~ny p~ity, li~n or righ~ w+der or by virtue of this mortpps: +ad in tM event wid MORTGAGORS sh~ll fa any nasoe f~il ro kKp tM wid pnmisK w
tnsurod, w f~il b d~live~ promptly any of said policies of insurana ro s+w MortTC~?GE~, a ~~ii P.omPrN a P.y fi,iy ~ny premiwn tMr~fw w in ~ny
r•~p~ct fail b pKfarr~, dischu~e. ~:~cut~. ~Hsct. eompl~t~. eomply with and ~bid~ Ey thi~ eown~nt, a ae~y put I~wf. ~+id MORTGAGEE :~aY pl+a~ ~nd
paY fo~ wch trowanc~ or ~nr p?t thawf without waivinp or aff~ctinp ~r option, INA, puity. w?ipht undM a by vinw of this Mort~+p~. u~d the
full ~mouM of ~sch and ~wry wd~ p+ym~nt sh+ll b~ inroedLt~ly dw u~d p~yable and ah~ll Ma int~rat from NN dat~ thK~of umil p~id N th~ wt~ OI
n~n~ pN untum p~r anrwm and royether with such intasst sh~ll be ~scw~d by th~ lia? of thi~ mort~~p~.
4. To ptrmit, ooinmit or wfi~r no wut~. irnp+irment or deteriontion of uid p~op~ty w~+iy p~rt thenof.
S. To pay all and sinpular tM costs, clwrp~s and exp~ns~s, irKludirg ~ rsawn+bb ~ttorn~y's f.. and oosn of .banac+s of rltl•, irKwnd a p+id ~t
eny tim~ by ~aid 1MORTGAGEE, b~causs or in tla ~wnt of tFw failw~ on th~ pNt of th~ s~id MORTGAGOR to duN. promptly ~nd fu11Y pKforn~, di~charp~
execur~, effen, oompt~re, comply w~th ~nd ~btde by ~ad~ and ~very tM stipulatio%, pre~nta, conditiau„ and aown~nn of s~td promisswy non and th4
mortya~e ~ny w ather, snd s+id costa, chu~es and expenses. ~ach and ~wry. shall bt iinn+~diat~ly dw ~ed payablts wMthK a not tMn b~ notip dr
mand, attempf to oolkct or wft pend~rgt and tM full amount of ~ach ~nd ~wry wch paym~nt ~MII b~a? int~nat fran th~ dat~ tMrwf until paW ~t tM
rare of nine per cenrum per annwn; u~d sll wid cosn, charg~s and e:penses incwnd a pald, top~tha with wch inta~t, ~Iwll b~ ~KUnd br th~ li~n of thi~
mwt~ap~.
6. iMt in tM ~wnt of any bre~ch of this Mortysp~ o~ d~favlt on Nr part of th~ MORTGAGOR, o? (b) in th~ ~wnt ~Mr of ~+!d sw~a of mon~y
herein refened ~o bs not promprly ~nd fvly paid wi~hin thirty (30) days nea~ ahtr the wn~ stwr~lly b~carw dw and pay+Wt, wlthout d~mand w notia.
or (c) in ths ewnt e~ch u~d ewry the stipubtions, agream~nts, conditions snd eown~nn of aid proe?issory not~ and this matpp~ any a~itMr an no1
iuly, promptly aod fully perfwmed, dischsrQed, execvted, ~ffected, camplet~d, compli~d witA and abid~d by, tMn N~itha o? any wch wair 1M a~id aP
yregatt sum meMioned in said promiuory note then ramaininy unpaid, with intKat acuwd, and ~II naeeys Ncut~d. Mr~by. ~MII b~oo~n~ dw snd p~y~
eb~e fwrhwith, o~ there~h~., at tM oprion of said MORTGAGEE, ~s fully ~nd compl~~ely as if ~II of tM ~aid wn~s of rnoiny vhn apinNly aripvl~r~d
to be pa~d on sud+ day. anythinp in s~id promissory note or In tha Mortya9e ro th~ oonrrary notwitMtandinp~ and thu~upon a N~er~aft~r ~t the option of
seid MORTGAGEE, wirFaut ootic~ or dem~nd, wit at law or in pvity, ther~fon o? thuNh~r bpun, nwr b~ proNCUNd aa If dl moMy~ Mw?~d I~u~by
had matured prior to iq iratit~tion.
7. iMt in the event thst at t1w beginni~g of or ~t ~ny tims pendirg any wit ~pon thb Mat9ape, a to larclow h, o? b nform h, o~ to ~nfora
payment of any d~ims herevnde?, s+id MORTGA('sEE sMll apply to the Cax1 h~virg jurisdiction tMnof for tM appoint+mnt of ~ R~ceivN, svch Courf sMll
forrhwkh ~ppoint s receiver of sai~ rri`ortyayed propKty all and st~gula, ieclud~rg all and sinpulu tM inoorn~, profin, bsws ~nd rewnw~ fran wMtev~r
wurce derived. each end every o~ which, it beinp ~xpreuly und~rstood. is hereby matgsped as if ~qtifiplly NI iorf6 and dNtrib~d ln thi ~tantinp ~nd
hakxndwn clau~es hereof, u~d wch ReceivK shall Mve ~II the braad and effaniw fwKUOns ~nd pow~rs in anywis~ ~ntrwnd by ~ Court p a Reulwr. and
:uch appointment shall be made by s~ch Cowt u an admitted eqvity a~d s rrwtta of ~btolut~ right lo wid MORTGACsEE, and withouf nf~ to the
adequacy a in~dequacy of the wlue oi the p.ope~ty mortga9ed w to the solwncy w insolv~ncy of s~id MORT~3AGOR or Me d~f~ndanu, u+d that such
renrs, profiri, income, iswes and revenues sMll be applied by wd~ Receiver acaadinp to th~ li~n or puity of wid MORTGACEE ~nd th~ p~actlo~ of wch
Couri.
8. To duly. promptly and fully p~rform, d~schar~e, execut~, eff~ct, ew~plete, oomply with and abid~ by ~ach and w~ry th~ stipulatio~a, pr~n»,
cond7tions and covenants in said prombsory not~ and this mortgspe set forth. ' .
9. That in the event tl+e ownership of the mwfgsQed premises, w arip p~rt t}kreof, beoanes wafad M a p~non ofiwr th~n t!r MORTCsACsOR. tIN
MORTGAGEE, its wccesson and assiyro, m~y, without norice to the MORTGAOR, deal with tuch wac~wa w ~ua~tfor in interest with nf~r~na ro thu
mortgs~e ~+d ~he debt hereby secwed in the ssme manr~ u with Mortyapor without in ~ny way vitiat&g a dndwrpinp tM Mort9aport' liabfliry Ikr?
under or upon ~he debt hereby secured. No s+le of the premixs hereby moitgayed aed no fwbs~nnp on tM put of tM MORTGAGEE or ih tucu~sws -
or assGg~n snd no eatension of the time fw the p~ym~nt of the deb~ hereby iecured qiwn by th~. MORTGAGEE a its ~ucc~ssora or assipM, ahall op~r~N
ro release, dischupe, modify chs~ge or affed the wiginal liability of the MORTGAGOR hareu~, ~ither in wiwl~ or ln p~rt.
10. It is spocificstly agreed that time it of tM ~ss~nc~ of this toNr~ct and th~t ~o w~iwr of aeiy oblipstlon iwrwnd~~ w of t1» oblip~tien ~
cured he?eby ihall at any tim~ thereafler be held to be a waiver of the terna herwf or of th~ irutrum~m wcw~d M~by.
11. In add~tion ro the fwego:r?g monthly payments of princ:pal and interest rpuired by the pranisao?y no1~ secur~d hereby, mortpspor town~nb
and agrees to pay to mortgagee with each monthly payment an add~tion~l sum cstimsted by mortpspN fo b~ pwl 10 1/12 of tlw annwl coat of tIN follow-
ing:
A-All real property taxn kvied or assessed against the above described real estate. p
B-Premiums on firo and windstorm inwrance as herein reqv~red fo be urried on ths improv~mtc?ri si1wM dn NN ~bov~ destribtd pt~miNa.
C-Premiums on such mortgage guannty irtwnr~ce as mortg~gee shsll from time to time detm fit fo urry on th~ loan secut~d her~by.
Mortgagee shall from rime to time notify mongagw in writing of the ~mount due and pay+ble haeurder ard ~ucF? wm shall therwpon b~ dw and
f payable on the due date of the next monthly paymenr and each successive month thereaher until mortpape~ ~MII notify mortgspw of • th~np~ In wd~
~ amount. Such sums shall be applied by mortgsgee toward the payment of real prop~rty tsxes, inswu+ce premiurtr, and mwtyap~ ~wwnty inwr~np
! p+emiums.
f WITNESS WHEREOF, the said MORTGAGOR has hereuMO set his hsnd and seal the d~ and
~ y yNr Mf ~forpaid. /
Sipned, the pr of: ~ ~
U n
i as e er unac ~
ce nac ~ n
re~.q
S7ATE OF~i . ~
~ ~ SS.
COUNTY OF
e~ ~.,«~.uY .~,.~a W s lte r C. V i tun a c
L8 C 6 K. V i tuna e his wife, w me well krawn ud krawn to m~ ro M
rhe individwb desvibed in aod who exscuted the foregoirg instr~t, and ~cknowlady~d before m~ Mwt tiwy ~x~cuted the aam~ fo? the pwposes
rherei~ ~~cpr~sted. /4~d N» M~d L8 Ce K• V ~ t'iUY18 C
wife of the s~id w81tie2' L' . Vitunae - ~~~~f~
examinstio~ by me take~ sepante snd apsrt from her s~id husband, adcrwwladped to and befon m~ that sM exawted said iiatrw»ent heely ud vohiM
rar~ly and without ~mr compulsiay constraint, apprel+eir' , or fear of w from ' Fwsband.
WITNESS my iwK! and offiaal seal thi: L~ ~ day of A il A. D. 19"L
+:1~~~ ' •,i.a
. i i + • Notsry Publk ln ~nd f Stab ~ie~ A1 A~t~
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F~rsr Fwd~?~Il.•s~J4s 15~n~ /ysoci%t~w, RE ~OE
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G ~ = 5T. l.UC1E COUN~f
. - ~i ; ~ i~ECOR~ VEa1flED
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~OGt PO~TRAS -
~~.ERK CIRCUIt COURT
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