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HomeMy WebLinkAbout0027 - - ~ - - - ~ - - - ~ ' . ~ To plat~ u~d continuously ka~p on tM buiidie?ps now w her~aftN sitvat~ on said land snd on ~11 puipn~M N~d pK~anlly aowr~d bY N~b n~a~P ye. with ~II ptmiwm therto~ p+id in full, fire insurance in tla usual studard policy form, in a~we ~pprowd by th~ MORTGAGEE. ~nd v+M+d~fom~ ti insuraac~ in tM Vsual ~unda?d pot~cy fam, tn ~ swn app~ovnd by tM MORTC3AGEE, M+ wch ~aapaer ot ooTW^1a ~f the MORTGA~iEE ^"~r d~rect: and ~II fin ~nd w~~twm inwrann polKw~ a+ ~nY of s~id buiWinp~„ u~y int~t tlwein w part tlwwf, tn tl» apqrp+q swn afora~W or ~ Ir, ~xo~ss 1her~of, shsll contain th~ vswl itandud mor~9ages cla~ne a such o~iwr dav~ a tM Mort9apN m+Y rpv~n. m+k1~p tM las wd~ s~id po1E . cies, each and ~vary. psY+ble W s+id MORTGAGEE as in i~tcreit may app~ar. ~~d ~+ch and w~?Y Polity sh~ll M prompth a~~pMd w+d d~UvN~d tO t .ny Mld by said MORiGAGEE as furrher secwity ~o said mortpa9a debt, a~d. not I~ss than ta? l10) d~ys in ~dvanu of tM ~xpir~tion of ~ach policl?. to dM ~ Ilver ro s+id MORTGAGEE • renewal thereof, toperhar wi~h • ~eceaPt for the premiwn of wd~ r~newalt and tlwt~ sMll M no f'u~ a wird~tam intwana . placed an ~ny of iaid Mrildinps, u?y intcrest therein or put therwf, vnleu in th~ fornn and with tFN bas p~Y+bl~ ~for~aidJ ano M iM w~nt u~Y wm 1 of m«ay becan~ p~yabt~ ~ndK wch policy or polic~es said MORTGAGEE ihall Mw tFw optan ro na~iv~ u+d ~pply tlw s+rM on ~caow+t d th~ Ind~bted~ ~ ness s~cwed her~by w w permit s~id 1MORTGAGORS to rccciw and us~ M a any put thereof for orher purposes, without ~henbr waivtnp a unp+h- Eng anY puiry. li~n w rght under or by v4tw of this.moztgs~e: and in tM ewnt a+id MORTGAGORS s!?sll fa ~ny n+~on f~il to kNp tM s+id PrNnias so insured. p fail b deliver promptly any of said polities of insurance to ~aki MORTGAGEE, a f~il pranptly to p~y fufly +nY Pr«^ium thK~fw w irt ~nr respect f~il w pKforrn, dischupe. ex~cvts. ~ffed. compl~u. comply wirh x?d abid~ by thi~ aow++~nt, or ~ny put hKwf, wid MORTGACsEE nwy plaa ~rid pay for wd, imu.«+c. w anr pa?~ M~eof without w~ivinp w sff~ctinp any optian, li~++, puity, w ripht und~r or by viNut of tNs Mort9ap~. and the full amouot of tach and ewry wd? p+yment ahall b~ immediatdy dw' u~d pry~bl~ and shsll b~ar in»r~st from tM dat~ thaeof uMU p~id ~t th~ raN ol n~ne psr pntum pK annum and togeN+e~ wiM such intersst shall be sec~red by 1M lie~ of this morp+p~. . I. To p~rmiL oommit w wffer no wut~, impairment « dete?ioration of said propsrty a+ny p~rt tM+~of• 5. To p~y all ae~d singular the costs, charges snd eYpe~ses. includiny a reason+ble a~tomey's fe~ and cwts of ~batratM of NtM. kKwr~d o? paW N any time by said MORTGAGfE, b~cavss or in the event of the fail~rs on the part of ths s~id 1NOR?GAGOR to duly. p?oroM~1? ~nd ~u~~Y P~~ ~ execute, sffed, compkte, oomply with and sb:de by each and every the stipulatioi?s„ ayresm~nts. oa~ditiau. +nd aown+MS ef ~+id Pra^1s+ory ^ot~ a~d th4 mortg~ any O~ either. ~nd sa~d cosn. charges and expenses, each and every. shall b~ imenediu~ly due snd pay~blet wMtAK ot no1 tMre be aotia d~ mand, attempt to colled w wit pend~rg~ snd the full amovnt of each snd every wch psymem shall bea? int~nst fram tM dat~ thenof wNil p~ld tl tM ra~e oi nin~ per centum per annu~n: a~d all said cos+s. chsrges and expense~ ina+rr~d or piid, topethar with suth Inter~st, aMll b~ s~twd by fh~ It~n of tN~ mortyay~. 6. Th~t (a) in tM eveM of any b~each of this Mwtpape w defsult on the p~rt of tM MORiGAGOR, w(b) in tM wNM u?Y d w&1 s~ °f ~^°^~Y herein referred to be not promptly and fully paid within ~hirty (30) days next after the s+me teve?+Ily becant dw ~~d WY~. w~~~~ a~~~ or (c) in rM event ead? and every rhe stipularions, agreemenn. conditia?s ~nd cown~nn of s~id promisw~y nWe a+~d t~+7s rtiortp~ ~y or ~tMr an nol i~ty, prompHy and fully performed, d~scharged. executed, effected. completed. compt~ed with and ~bided by thM Ifl litMf Of ~Ily NICI1 ~Wllt tM Mid gregate wm menrioned in said promissory nore then remaining unpaid. with interest atu~ed, ~nd all morNya Mcvnd. h~t~bY. sh~ll MooiM dw snd .paY' able fwthwith, a there~fter, ~t the optirn of said MORTGAGEE, u f~lly and compktely as if ~II of tM wid sun~a of ma»y vwt~ orqindly ttipubted ~o be paid on such day, anything in sald promiuory note a in this Nbrtyage to the conrrary notwithsund'u+p: and thK~upon a Nwreaha at th~ option of seid MORTGAGEE, without notice w dema~d, wif at law or in equity, theretore or rherNf~.r b.ywn, nar b. pra..cw.d a tf mo~eYj s~wnd I~M~bY had ma?ured prar to its institution. ' 7. Thst in the event thst at the beginning of or ~t any time p~nding ~ny wit vpon this Mwt~+p~, c? 1o IondoN h, a? fo r~fonn R. or to ~nfora payment of ~Mr d+ims hereunder, said MbRTGAGEE shatl ~pply to the Gourt hsving iv~isdiaioo thenof fo? tM appointmN+t of ~ Rtc~iv+r, wch Court sh~ll forrhwith appoint s receiver of sai~ mort9aged property all and iugular, includ~ng all and sinyular tM inooe+e. profits, tssuM +nd rtwnws froen what~vK suu~ce de?ived, each and every ot whKh, it beiry expressly understood, is hereby mw~gaged ~s if sp~cifiully iet forth and d~wib~d M~ thi Sr~etinp ~^t! habendum dauses hereof, and such Receiver shall have all the broad and effective fvnct~w+s u~d powers in anywis~ emrushd by ~ Cowt 1p a Rae~iwr, ~nd s~ch appointment thall be made by such Court u sn admitted equity and ~ m~tter of absolute right to taid MORTGAGEE, and withouf nf~?a?t~ to 1M edequacy a insdequacy of the wlue of the propery mortg+gsd or to the sohency or insolvency of taid MORTGAGOR ot tIN d~f~ndants, ~nd that ~uch re~rs, profits, income, iuves and revenues shatl be applied by such Reteiver accordinp to tM lien or eqviry of ~aid MORTGAGEE and th~ ptaetiq oi s~ch Court. , 9. To duly, promptly snd fully perfwm, diuMrge, execvte, effect, aomplete, eomply with and abid~ by wch ~nd rwry tM s~ipul~tioeu~, pnNrwn». condir'rons and cove~ants in said p~ort~tsswy ~ote and this mortgage set forth. ' • _ 9. ihat in the event the ownership of the mortgaqed prem~ses. w ariy part thereof, becomes wstd in a p~non otha th+n th~ MORiGAGOR. th~ MORTGAGEE, its wccessors and sss~gns, maY. without notice to the MORIGAOR, deal with svch wcua~or or woa~wr in iMera~t with rtterMn to thk mortgage u~d the debl hereby secured in the same manner as with Mwtgsgw without irr'any way vitiatinp a dittharpinp f!N Mortppon' li~bilify INn- under or upon the debt hereby secured. No sale of the premises hereby mortgsged and ra fabearano~ on the p~A of th~ MORTGAGEE or ib waoason er assigns snd no ez~cruion of tl+e time fw the psyment of the debt Fxreby secured yiven by tFK MORTGAGEE or ifs suto~sso~s w+stip~s. +Iw~~ op~r~f~ ro release, disd~arge, modify change a affect the original liabiliry of the MORTGAGOR I+erein, either in whole a in part. 10. h is specif'ically agreed that time is of the essence of this contnd and th~t no w~iver of ~ny oblipation Mrwnder a of th~ oblip~tion M- cured hereby thall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secur~d h~rby. 11. In sdddtwn to the fwego:ng monthlY paYments of princ:pal and interest required by the promisswy note secured hereby, maf~agor oown+nb and agrees to pay to mortgagee with eacfi monthly paymem an addi~anal sum estimsted by mortgagee to be eqwl t0 1/12 of the annus) cott of th~ fdlow- ~~9~ • i A-All real property taxes levied w assessed against the above desvibed real estate. ' B-Dremiums on fire and windstorm inwrar.ce as herein requ~red to be carried on the imprOvemenri situsfe on tM ~bovs dewib~d prNnis~s. j C-Premiums on svch mortgage guaranty insurance as mortgagce shall from time ro time deem fit to urty on the !oan aeax~d hertby. Mortgagee shall from t~me to time nofify mo+tgagor in writi~g of the amount due and psysble hereunde~ and wth sum shall iMrevpon b~ dw atd Fayable on the due date of the next monthly payment and each successive mwUh thereafter until mwtyagee shall notify mortgsgo? of ~ thinp~ in suth zr*,ount. Such sums sF.all be applied by mortgagee toward the payment of real properiy taxes, inswance premiwos.. and mortp+p~ pw?+My inwranq ~ i premiums. ~ - ~ IN WITNESS WHEREOf, tFx ssid MORTGAGOR has hereunto xt his hand and se+l the day snd yNr fint afw~said. ; ~ Sipned, eale d livered in th of: ? • • ~ , ~ n ~ ~ ~ ~ - _ ~--n ~ E/~~ ?~t,~v„?, . STATE OF ~9 iP/So~ ~ ss. • ~ couNn oF eefore me perwnally appsared Yi,llia~e R~ Ever{ ~nd JIL~~ TAl''~~# his wife, to ms vv~ll known snd known to m~ fo b~ rhe individuab described in and who ~xecuted the fore~oirg iintrumeM, and ~cknowkdyed before m~ ttwt tMy exearted the sams for th~ purpos~s ,;~fQ1~ Jane Everitt i f* of ~,~A~ ~ . ~ , - • upon • s~ppat~ ad prhat~ examiriat' nst e and apart from her said husband, sduwwled9ed to and befort me thst shs exearted s~id irotrurt~ent frNly uid volvrr rartlr a l~~ ar~ ~ ~~dn, ca~strsint, apprehension, w fear of a from he? wid ~~J j~IITNE5~1my ii~ x~~fi~l seal this -3~ ~ day of ~ , A. D. J9/'.'yL ~ ~ G ; ~5~: - ~ ~ • - Notary Public in and for tM Stm of ~ ~ . ' ; ~ : y •-T ~ . , My c«~~+ ~~y,,~.,~a ~ ~ yd ~ Ret w~ Tr'.~'= Ft L EO AND RECORDED Fn.t•~?,~ savir+p,•i~'~atp~ ~ gt. 1.UCIE CQ N~• ~ •-o~ ~ P~~~~ R~CORt~ V~RiFfEO" - ~ - ~ ~.~~tc~,~~:~a~ - ~ '6T dU 3.. AM 10 : _y8 . . - ~5'7fi1'7 . i ~ ROGER ~017RAS - ~ CLERK CIRCUIT COURT ~ ~ . 1 i ( ' _ aaoK~s7 ~ ' ~ . . : - : _ .k,~ ~ ~ ~ - - ~,u~ ~ •