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TOGB~ piZB all ndditions, seplac~ementa and i~oprcNC3aente to any of tbe
forogoiog, and all and aingulas the tane~enta, trereditameatia aad appurtenancea
t6erata belaoaing, and Ltw rauta, iesuea and profits thareof, and also all t!~o
estate, rigbt, title,~iatsrest, l~ooeetead, do~sr, aeparate estate, poseessioa~
cl.~im an~d desaad ~hatsoaver, as vell in lav cs iu equity, of the aaid liortgagar
in and to the ~ct$oged psoparty nnd eess'Y part thereof vith the appurtenancea, ~
specifically iacluding all rights and aquitiea of rede~mptioes, all of vhich are
hereby espre~a3y ~aived. (.A11 of ehe foregoin8, ~~e= ccaaieting entisely of
real property or entirely of chnttels, or of both real property and ch~ttels, ~
is hereiu for cdiv~eni~ance callad the '1a~ort~a8ed P=ope~?"~.
TO bAVB ~ID l0 R~ the said aastgaged Property and every part thereof
uato the lbrtgagee fo~ever.
pg,0i?ID~ pI3~iAYS, and this vortg,~ge i8 oa the espress condition, ttu~t if
the Zbrtg,agor s~wll pay or cause to be paid all of the mno~eys mentioned in said
''Obligation" aad the intereat tbes~eon, all at the ti~opes and ia the manner as
therein agreed to ba pai,d, accordio~g to zta true inteat aud areanin8 thereof,
and ahall pay all other svs~ pravided to ba paid by t6ia ~ortgage, and shall
perfotm aad abide by all the coaenatate and agre~ta herein and in aaid
"dbligatiaa" ca?taizred, then these preseats a4all be void and the estatQ here- s
in aad hereby granted sball ceatsa s~'t~~:
AtID SAID-2l~SGA~OB doea hereby carenant with the Mwctgagee t:~at said
tiortgagor, at the tims of e~ecutioa and delivesy of ttiese presents, is the
absolute owner of aad ia pae session of eaid mortgaged propesty; that he hae
a good right, full poWer `and lawivl suthoritY to conv~ey tt~e s~e in the manner
and fo~cm Lerein eet forCh; tt~t eaid prapertY is free and clear of all liens `
of ~tever nature, encegt,a8 epecifically mentioned herein, aad Zlortgagor
fully varraats the titl~e to said property and vill defend the same agaiast all
la~~ful c2aims aad demaads eaoept ~ froo the i+arrant3ies contained in the enc~-
bsancea h~erein specifically set fortb.
` A1~~S~GH~ d0e~ hl~by furt6er covenant, Promise and ag~s~ ~.th ~
the Morttaga~[Y°it~'avecee`sors~?and~:assdgds43~~ fo3avys:
. :~:_z •,j ~ c?- . . a . ii: , .:~ou ~,r =cc .r.~. ~s:
r: ~!~f Wt~oi~?Aill .not : ttoirie° ~say va~t,~.; t o~'~~aksa or 3mpa ir the sec~r-
• rior to delinquency, all ta~oee and assessmc-.o~a i
rity of ~tTs~sib~artS~ge, will PaYs P
, levied b~ ii~o~ed~Fon :oaid ~so~~?3'will keep the mortgaged Psoperty insured 4
in sroh-ian~ ~iid' in~saah. a~mts:~as"•Mos~8a8~ ~y~ ~~s~~;<,and ~rill not ;
~ remo~v~e ~~6~tltels, ift~fn~ludOd~in'~Aii~~8~8a,='~~ tbe:psost~es where they ;
~ are naw'.eitua't8~; iithout Mortg~gee's Written caasent. '
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2. I1n the event of.s~~ foreclose this mort8a8es Mortgagee ahall be
entitled, as a s~ttes of rig~?t,xvithout re~rd to the valus of the murtgaged
prcyparty or to tbe solvency of Mortgagor, and without notice, to tbe appoiat-
meat of a Ztsceiv~er of ttre mortgagad psoperty an~d tbe - iacaoe and profits
thereof. -
3. 13n the eveat of Mortgagor`e fatlure to pay taues, or to k,eep the
premiaes insured as required, Mort888'ee snY: at its option, but__is-aot-required
to,~apkQ•~t,ych paymente, and the sums so advaoced sha~~.be-repaid by Nortgagor
vi~h interest ae psavtded ia the "~13gation", and-said ~ms so paid by the ;
l~ortgagee shall be secured by this mortgage. . ~
4. ]Sn the eveat of any default in the te~c~s of the '~Obligatioa" or this ~
aortgsSss ~t8s8~ ~Ys st its opti~on, declare-t.he whole indebted~ess se~urad ~
thereby to be immedi.3telq due and payable. :f ~ `
;
~ 5: ~ ihat no ezteofion • os oodifi~~ien - e~. ~he- Raq~an~s Ee be r.~de as ,1
hsreiaabove set fort6, and no release of anq part or parta of ttie mo~tgaged
property, az~ of oc.her collateral aecuring the abov~e-deaoribed i~debtedaese, {
even thougL rmde without coaeant o~ the Kort8a8ors ehall release, relireve, or ~
disctwr~e th~ ~brtgt~go~ ~~too-;Lhe~"payosat of a~? evme hereby se~ured, aad ~
l~brtgagee shall have Lhe r3g"ht to release froc~ the lien heseof aay portiaa ar '
partioas of t.he mo~rtg,a~sd _propqrt~, ;!o~ othe~ ;c+a1~lateral- bald ~ $a . aecuvity --for:. ' .
s+iid ladebtednesa, irsespectiire of the value of tbe released pos~°ia?, wi~iout ;
~ffecti~ag the li~sn besao~ as ta~. the .postioa- o~ - pc~tian~ not rel~eased, uQLvit~
etaod~ng the fact thaf sucti ret'eaas or releasea nay be ne~de- withaut 'knailedge
or conseat of the Martgogoac, os of a~t Qraatee ar Gyraatees of portions of such
propesty theretofare aold. r •
6. This flrnctgage may be forecloeed bq the mYt~agee in accordance-vith -
eiti'~er 3tate ot Federal laa ~a force at the t3m~e such foreclo~re is ineti- !
tutad. ~ -
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