HomeMy WebLinkAbout1280 ` ~ Our ~ile ~S-15,14? ~
Y..sp~. L.w.i .f t«+cl.~ara .t vi. ~~.~e .r .~.r a.r[.r .t d~l. u dn t. e,~~..~ .t i.iaM~
~~ew «erni ~i~. al! d~M, citle i.e.rat ~ ttis Y«np~ i~ a.i a ay ir.e..oe ti~ew 1~ f~ea ~hail ~w c. ~Y
~~er6w~ K ~r~M~.
l~) T~ Md~. e~is ~M a~i a~ti~ ~d a~i ~~r t?~ ~tipd~tiw. ~pw~Nn. c+iittiw ad ewa~~w u pY ~i~r~ ,
a~ts aw~ ~ tii~ i»i ~e~t t~. i
(i1 71at it aa~ .t .~ii wn..[ ..M~ Lsrei• e~etarei t. re ..t ~er.~tls a.i [rllr M~ litteea iq..aat ' i
dter tLe Nwnltt beew d~s a~ pabM. ~t it ~ a~d iwq d~~ ~w. ewaiti~ a~ areiwu ~t MN
•
pt+riwe~ ~a a~ri tW~ i~i. K ei~er, an Mt f ~t~+~. aay~i~i ~ asi a~iid t~o Mi~ ~npN ~ ~e~tj~~ iu
.da p.~..w.e, .`.u b.o~.. a.e ..i ~.p.u. .raa.itti K t6erar~er at t6. opti.. d tre Dl.~t,.~ee~R ~~ai K..~..i
it t~ s~ii wn~ ~t ~ai~ ~iw~r wwe ~?a~ ~~LaU~ ~tjprl~ei t~ ~a wii N N~ dyr.
~
I~seei~ a ewtru~
ll ) 1L.t i. ~tir a.ce~iehe. dw asaariq ~t tLe i.3~bteia. Le~ebs ~se~rei. bee.ws .t t`e failrrs .t tV li«tprr t~ M7 w
W[~ M~LMtOlM~ ~I~M K l~Ci~YC! ~IM MI, ~lftr~ M~! ~(~tll~ ~t ~YII Mt ~Mf~ ~f l~~lM fL~t
~E Oi~t't~,t~EE 6f~ ~j ~Q.
2. 'I'6e Moet~aee nur, at ~ optiae, and ~rithoat waivu~ his tia6t to aooelente t}~e indebtedsa~ hetebr
secured and to foe~eclae t6e ~oe, par eitL~er before or after deliaq~ucy anr or all o[ tha~e oertain obliaat~oaa
rcqnired b~ t6e teran 6ereof to be paid br~t~he M~a~ [or t6e protection of the moitasae aeairity or for t6e oollea ~
tion ot tbe iadebtedne.. here~ .ecured. wu aum..o adv.soed or paid by the Mort6.see .h.U be charaed L?to t6e ~
mort6,ase scoo~nt aad beoome aa inte~l part t6ee~eof, aabject ia all rapecta to the ten~, oondidoas, and oo~neaanL
of the afoe~e~aid pr~a~~o~r note~ and this mw~s~e, a~ [aUp and to tbe ~ame actmt as thouah a put of t6e ori `
indebtednw evide~ced by s~id note and ~ecue+ed b~ tiw mort~e, e~coeptina howevat, that said sams shall be repa~'~d ~
the Mo~ foithwith npon ib dewaad and be in addition to t6e reaulu monthly installrneab provided by the ~
~nort~ae note.
3. 1'hat th~e abatnct or abstracta af title ooverins tLe mort~ased Property dull at all tim~r, dur~~ the life of ~
this mort~a~, remain in poMeMioa oi t6e Mort6a~ee aud ia evcnt of t1~e foreclasure of this mort or ot6er traader
of title to the mort6aaed Propertp in eztinauishment oE the vndebtednea ~ecured hertby. all ri~tide and iaterest ~
of the Mort~or in and to an~ wch abstracts of title shall pamr to t6e purcha~er or 6rantee. ~
4. To i6e atteat of the indebtedna~ of t6e Mort~o
r to the ~Rortaaaee de~cribed henein or ~a~red hee+eby,
t~e 11io~~ee is herebs~
ted to t6e li~a or lieos md to the ria6ts of the o~.-ners and holdere thereot of eac6 ~
and every mortaaae, li~a or otber i~mbra~oe on t6e lsad de~eribed hcrein wLieh i~ paid and/or satisGed, i~ whole ,
or inpart, oat of tbe prooeeds of t6e loan de~eribed ~erein or ~ecnred hereby, aad t6e respecti~e lica~ of wid mort
gaae~, liem ar othec inwmbrsooe~. ahall be asd t6e a~me and eac6 of tLern bereby is pe~eaerved and ~~all pa~s to aad ;
be held bT t6e Morlaa~ee henin a~ aecuriq for tLe indebtednas to the ~iort6aBee 6er~in described or hereb~ ~eaired.
to the same eztent t6at it wonld 6ave Leea pre~erved and w~onld 6ave beeapa~ed to aad been held by the Mott~ee :
had it ber,n dnly.aad ~ a~si~ed, traasfecred, ~et ov~er, and dcli~ered nuto t6e Mort6a6ee by ~epante deed o[ ~
:~sei~nt, not~vidl~qa~t6e fact that t6e same may be satisfied and canoelkd of reoord, it beina the inteation of t6e `
~~artiea hereto that the saa~e w+iU be aatisfied aad caaoeDed of ncord bf tLe 6oldcn t6ereof at or about t1~e tia~e of ~
the rrcordina of this mortaaae. ,
S. In the evmt the o~wnenhip of t6e mo~d pranise~. or an~ part tLemof. becomes veated in a penon other ~
than the Mortaasor, tbe'~iort~may, Mrithatt notiee to t6e Mort6aaor, deal Mrith wch succdeor o: anood~or~ in ~
iiitereat ~r•ith referenet to tWs and the debt 6ee~ebr ~red, in the same manner as with the Mort6aaor Mrithout ~
in anr way vitiatin~r or di~charpn6 t6e Mo~taa6or'~ liability 6ereander or apon the debt 6ereb~ secured. No eale of •
tlie pi+emisd~ lrc~ mortaa6ed and no forbearanoe oa the part of t6e ~Iortaa6ee, md no extension of the time for the
parment of t6e d t 6enbj a~cared ~ive,a bq t6e Mort~aaee ihall operate to relea~e, dischar~e, modify, chan~ or alFect
. the oriXinal liabiGty of t6e Mort6a~or her~in eit6er in wl~oie or in part. ;
~
6. The lien of this deed secnre~ and shall oontiane to kcae+e paymmt of said indebtednea~ or indebtednda, . F
i?owe~er evidcaced, r?lut6cr by sud promi~wr~ note or a~r reaeMral or estension thereof or anb~titnte theerlor, or ~
otl~erwiee, nntil all wch indebtedseas ahall have been fnll~ paid. 3
T. In the event the mortgagors ull, convey or transfer the morlgag~d prtmises dtiri»g the life of t/eis mortgage, ~
t/ien thes mortgagt shall, at tht option of the Mortgagee hertin, become immediately due and fiayable for tht full sum of •
tl:e prince~ial balance and i»tertst then du~.
i 8. T6e terms "Mortaaaor" and "Mostsaaee" w6esever u~ed in tlw instcuu~ent sLall incln~le the hein, pereonal
` repra~entativea, a~ooessora and ae~i~ of tl~e respective parties 6ereta ~hee~ever wed tbe einanlar nwnber ahall inclade
~ the plnral and the plural t6e ' lar, and the nee of aay ~+eader s6aU inelnde all 6endets. - .
~ ~J~~~G
Si ~ealed 4v n:d t6e p~ oE: (S~) -
- - - -
f
- - - - - `
-••--•-(S~) ;
_
sT~TE oF ~.o
COUNTY OF ~
g~~T,~-~ ~~~n9 ~p~,~ ARCH MAIILDIl~ and ANN MAULDIN, his Wife
to me well known and tnawn to me to be t4e individwL dacribed in and who e~cuted t6e foreaoin6 insttameat, and
acknowledaed befor~e me t6at they ezecuted t6e same for purpwe~ therein e~p ~VITNESS m~ 6and and
ofici~l ~eal in t6e Counq ~nd State lut aforwaid this 2~d De~I o , 96?
- - -s= - -
t
M Cosuni~~fia p• June -.-~0,---19?1.---.._...._. rt~~ P lie, Sate of p,
~ ms: - -O . _ ; . `
EILEO A~iO ~UNTY~~'' - ~ ~ ~
ST• RE G VEa1F1E0
1~- g~ 1yy ~ ~
~N ~
~67 ~ut 26 ~ o R 67 PacE'1.25~
~ 6ppK~ - f
kU~r. RCV T COURT ~ '
CLE~ ~
~ _ _
~