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Home My WebLink About0663 ~ i To plaa and comiewouslY Iu~P on th~ bvlidirgs now w Mn+ftar sifwN on said land and on all equipme~M and panon~ih? oowr~d b'f? Mis rnor~P p~, with ~11 pnmhinA t1w~~on p~id in fu11. fin insuana in th~ ~swl sandard PolicY fonn. ~n a wn1 ~pprvwd b1? the 11AORTGAGEE. aed wh~tone Yawano~ In tM wual s~awdard policl? fo?m. in a wm ~pprov~d b1l ffa MORTGAGEE. in a+di oomP+^Y a~P+~~ a tM MORTC,AGEE e~s1? dinctt ~+d all fin +nd wind~tonn imu~ano~ polici~a on rh? of said buildi~, N+Y MNenst tlNntn or pa.t tlw~oi, in tM +ppre9+t~ awn aforNaid w In uaa N+e~f. shaU aontain MN wu+l standard ~wr~p+p~ daiu~ w wch otF~u dauN ~s tM Matp+pN m+Y ~~qvw. n~g ~M toss w~dsr ~aid pdF dM. Mth Nd wKY. WYabls b ~aid MORTGA(iEE a ib int~test n?~y spp~r. ~nd ~atb ~nd wNy wth po~ieY +MU b~ Wo^'PNy us:9^~d ~nd d~liwr~d a any h~W b~? s~W MORTGAGfE ~s furtM~ s~a+ritY m s~id n~o~tp+p~ d~bt. s~d. no1 Is~s than tu~ q~ d+Y+ In sdvano~ o# th~ ~xpU~tion of eacl? po1i~Y. to d? Nwr to a~id MORTGAGEE ~ ra~ewal tMnd. wpNMr with • no~ipt for tM p?anium of arch nn~walt and then sh~ll b~ ~o fin a windstwm inswse~o~ plao.d an any oF ~aid bdl~^ps. +rW iMena th.r~in w pa.t Nrnof. unMss in N+~ iwn+'~nd with tM~ Ias p.yable ~s .fons+id~ .nd h th~ w.nt +ny w~n pf nqnry boanM p+ysbM w~ wch polici? o? Policies s+id MORTGIIGEE sl~Il hav~ fhe option b na~ir~ and pply th~ s~nN on aooow?t o~ tM 1nd~bt~d~ n~M s~ow~d Mreby or b qrmit s+id MORTWIGORS b noiw and u~ N w any p~rt therw,f for otha p~uposes. witho~t tMreb~ waiviny o~ imp+i?- ~D ~^1~ ~W~I?. ti~n a ripht unda? or by virtw of tNs mortpp~s ~nd in tM ~wM aid MORTGAGORS sh~ll for any rNSOn fai) b kMp fh~~~prwniws~ irw~d, w fail b dtliva pranpfly anf? of said P~iCi~s of M~swsnn b s~id MORTGAGEE. w fail p~omptly b pay fullY ~1? P~ r~p~ fail p p~rfptn~, dqdMtq~, ~xKVt~. ~ffKf. oompMl~. oanplp with and abid~ by thia tav~nanf, w anY P+rt Mrwf, i~id 1NORTGAGEE maY plao~ ~nd - WY for wd~ Lrurano~ or a~ry part 1lwed without wahkg w affMinp arh? aMkn. ~Mi4 ~~f?. or ripM wwl~? a by virtw of ti~is Mo~p~p~, and the tvn of ..d~ «+d, «.n ~ ar~ b• ~~+"d a~rabi. .~d sh.u b... ~u«.a t~a~ eh. d.a d+.~.of u~ai~ p.sd th. raa oi nin~ pw qrttum p~r anw,m and wyetl+a with wd~ inta~se shalt b. s~arr~d b~r tM li~n of tl+ia a~orl~pe. 1. To pKmit, oonrnil w wff~r no was». imp+irment at d~tKa?ation of saW propKty or w~y part tMna1. S. To pay dl ~+d sigvlr th~.oost~. du~s +nd ~xpa+ws„ includ'M+p s nason~bb attane~~ h~ and msts of sbstrws of title, inarrr~d w patd at any tkn~ by aaid MORTG/16EE. batsu~ w in th~ ~wnt d th~ failur~ on the put of tlw ssid 1KORTGAGOR b duty, promPHp ~nd tv11Y Perfonn. d'ach+~ ~xsc+~t~. ~ffaet. aanplst~ oornplfr with and abide M? ~+ch and every t!r stipulatioea, +pn~nts, eonditiar, and oownanta of ~aid pomiawrr rioh and t!w ~a+D~ ~^Y w~itMr, and ~ad oost~, d~u0~+ +^d ~:Perrea~. esch and w~ry, sMll b~ i~nn~d'uMly du~ and p~yabkt wh~tiwr or not tFier~ be notice d? ~ +tt~mP~ to oolkct or wit p~npr and ths fvll anww~t of ~ach ~nd ewry wd~ p~yn+~nt aMll b~ar im~rst from tl~ dat~ Nrreof umil p~id d the rat~ of nirr pN aentum p~r s~wwmt and.~ll said o5sts. cMr~es +nd expenses wiourr~d or psid, topMlrr with sud~ inta~sl. slwll b~ a~wrad by tM lien of thi~ ~4+~ A~ lh~t W in the w~nt of any breach of tfiis Mortyap~ w defavh on th~ p+rt of the MORTGAGOR, or (b) in tM waM any af ~id sums of nwney . Iw~in ~hrnd w b~ not prompthr ~nd full~? p~id within thirly (30) d+ri n~xt after th~ same wveraly Mcorn~ dw and pay~We. without d~mand a notioe. or (c~ tn tM wMt wch and wwy the stipulatioes. +~can~ls. oad't~au and aovanann of a~d panissory note and tM mortp~pe any w ~ither u~ no1 t ~h?. P~+P~1? +^d ~b v~a~d• d'ach+ryed, uucuted, rffeaed, oomplehd, oa+w~~ad with and ~bid~d by, t1»n in atlier « ~ny such ~wnt tM aaid a~ Orq~N tum m~ntiaw! in said prorn8so+p ewt~ tlMn ran~inieg unptid. with inter~st ~c'wed, and ~II moneys tearnd henbY. shill beao~ne dw and WY abb forthwith, a Nw~sfta, M th~ oplion of said MORiGAGEE, a firlly sn! compl~tdY as H ~II of the ssid sums of monsy we~~ oripin~lly stipulated , b bt paid oe wd~ day, any~hirg in saic promisswy non a in tNs Morpaye ro tM contrary no~withst«diig: ~nd therwrpoe or thcreafia tl th~ option of wid MORTGAGEE, w8hout eotia or d~nwnd, wit ~t lawr a in peity. therefan a tMrsafm bepwb may be prwecut~d a if ~II moe~s ~awr~d ha~by Ird nNtured prior to i~s irotitution. ~ 7. n+.t in d+. went rh.r .r in. b.ginru~g of o. at +nr tim. r~ndiny +or s~if uPon thi. ~Nor+yaye, or to fo..cto.. k, w to mf«m M, w ro .qforo. ! payme~ of +eY dain~s Iwewxlar, aaid MORTGAGEE shtiH` apply to the Co~?rt h~vi~p jwiadrcian tF+ereof fa tl~ appantmMt of ~ Receiver, wch Covit sMll ~ fortliwith ~poiM a noeiver of iaid mort~+ped property aIl ~nd sieg~rlar, includ~ng sll and sirgular the incbn~. Profits, iswes a+d rwenues from whatewr wwo~ du~wd. ~ack~nd rrerY of whid+, it beinp exprestly w~dnstood, is hereby mortg~ged as if spetifitallp sN forth u~d dewibed in tM y~antinp and habN~dum dsw~s h~teof, ud wd~ Receiver shall hsve all the broad and effectiw functiwu ~nd powen in anywise eetrusted b1r a Court to a Receiva. ~nd wd~ appoinhmnt sh~ll be mad~ by wd~ Court ~s ~n ~dmitted eqvity and s maner of absolute r'gM to said MORTGAGEE. ~rd without nferenu to th~ ~quacp or in~dequa~y of tM v~lu~ of th~ prbpsrty mortys~ed or to the sohency a i~solvency of said MORTGAGOR or th~ defend+nn, and that wd~ r~nu,. Profib. inoane, issws ind r~wnues sh~ll b~ spptied by such Receivsr accordinq a th~ lien or puity of s~id MORiCaAGEE ~nd ths practia of wch Gaxt. ' a. To duly. P?~P~~Y +^dl~~h? Pirfonn. dach+np~, exeaA~ eff~ct. ooTplet~, oanplY with and ibid~ b~r each and rwry th~ stipvlations. aDnem~Ms, oondirions snd aorsn+na ~n wid promis+ory nw~ and tAa mo.rpsye ~et fwrh. 9. That tn thr ~wnt th~ ow++snhip of th~ mortyap~d pre~naes, or a~y p~rt thereoE, beoanes v~sted in a penon othsr than the MORTGAGOR, tl+~ NtORTG/?GEE, its wcceuqrs and sssi~ro. nwY, w;rho~r~ notio~ to tM MORTGAOR, deal wifh such waeuw a wccesw. tn inarest with nfertnce to this _ morty~ye and tht debt harebp seaired in the same msev~e~ as with Mortg~por withait in any way vitiatinp a discFwrQuy th~ Morty+yw~' Iiability _ Mra ~wid~r or ~pon th~ debt hsnby s~cwed. No s~b of tM prunises hereby mwfp+~ed +nd no fwbea~ance on tAe p~rt of th~ MORTGAGEE w hs succes~ors a+aipns ~nd no e:ransion of th~ tiree fw the p~yment of the deM hsreby sec~r.ed yiva~ by tl» MORTGAGEE a its wonssors or assiprr, sh~ll op~rah w nNaN, dadwr~e. ewd~f~r du~D~ a~ffact th~ wiywl I'ubility of the MORTGAGOR h~rein. ~itF~a in wFwb or in part. ~ ~ 10. h Is ~peciiically a~esd thaf time h of t!w es~enc~ of this oonrract ~~d th~t no w~iw~ of ury obliy~tan hunwda .or o1 h~ .obtip+tio~ fr eur~d Mreb~r shall at ~ny time thereaftM be held ro b~ a w•iver of rhe terms hereof a of the instrvme~+t secwed lwrby. . , ~ I 11. In add~tion ro rh. fors9o:rg monrhly parnenn of p.inc:p~l and interest requ'wed by the promiswry note secwed ~iereby, eovinants aad apre~s ro piy w mortpapee wirh each monthlY paYmem ~n add~rioe+l wm esT~m~ted by mwtyayee ro be eqwl b 1/12 oNthe~aniwal d~ bll~w- , . : r. " A-All re~l prope~ty Naa Itvied a assessed apsimt the +bove desuibed resl est~fe. . 4'~~ ~•~~~~~~~y . s !-Premiums o~ firt ud wNdstonn insunnce as herein requ:red to be ur~ied on the improvements sitwM on th~ ab¢v~ daPl~ P~~"~#~j Z-_ C-Pr~miums an s~ch mort9+9e ~v+~+~h inwrance ~s mwtysyee shsll ~ran t~me to time de~m fit to carry on 1M loja s~cured*~ii`~ Mor1p~ sh~ll from time to time notify mwtyagor in w~iGeg of the amount dw and payabk hereunder ~rd wd~_.aab sA~II tMi'io'orr ~e'dui" ~id pay~bl~ a+ tM dus date af the neut monthlY paYment and exh successiw month the?eaher vntil matqapee sh+ll notity morq~yai pf a-M3~ iii.qxh • ~mo~xM. Such swns sh+il b~ applied by mwt~yet towud the payrna+t of real property t~:es, intwsnce prem:ums, and morfpi~i ~u`s1~u~Y ,;ulwlr+nw ~ prNniums. ~ _ • IN WtTNESS WHEREOf, the aid MORTGAGOR hss hereu~M s~f his hand and seal the day and y~ar fkst ~forwid. and 1!~ p~aMC~ o~ ~ A~ I ~~i~ . - ae s ~s ~ res Attest ' p ' W. A. Pa er, its Searetag~y„ / si~n. s. ba .~a a r~.. h. a«.~« ofr . 0 R - - - - - ,j, 80oK ~US P1+GE ~U~ ~ ~ • n , ~ g e - _cs..~ stephen (~n)o~?~~graa an cons u ng e oar Mark vF aoRw,? ~ ~ of Trusteea of K~nw Mount Zion Misaionary _ ~ ~ G;~ ~ Baptist Church and their successora in , offics - ~ r . . ~ . _ . _ " _ _ ~ . -+FYF~Ai+~rlilr~i ~ ~+'~~Y~ii . ty..... . ~S j