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To plaa Mwt oonrinuously k«p on fh~ bvttdinps now a Mnaftp ~ifwh on s~id Is~ ~d a+ dl puipMnt ~nd pason~ily oovw~d b~r thh mat~•
p~,, with ~Il.pr«niwr~ t1+Kwn p~id in fu14 fin inswu~ca in tir wwl uandard P~k1l fa~w. ~n ~ swn pprov~d by ~M MORTG/?CsEE. and ~wG+duornn
in~wana M th~ ~nw! u~nda.d pc,l+e~r fan~, tn • swe approwd dy ths MORiGAGEE: M+ wch company a canpania a tM MORTC~Af3EE nwy
dtnc~J ~nd "dl fln and wind~wrm MwrM+a polici~s on a+y of s~W buildinpL ~ery IntKat tl~~in a pwt tM~wf. in ~ pprp+a w~ ~fa~wid a
M~ Ma~of. ~hsU contaln tlw wual aand~rd mo~tq+~ d+vs~ a wd~ otlwr dauw a tM Mor~9+pM m+Y tM los~ ve~+ uid F
cia. Nck ~nd wKy. wrabb a uW AAORTGAGEE a tn inf.ns~ m+Y +APw, a+d ~ach .r?d w~ry wch poucy shall~PromPth? ~:qe.d and d.1iv~..da~o
any h~id by s~id MORTGAGEE a furtlwr Neurity to s~id mo~yap~ ~bt. and. nof lat th~n hn (1~ day~ in ~elva~a of tF~ ~xpk~tbn of ~eh Poliel?. le d~
liwr to ~aW MORiGAGEE a nn~w~l th~nof. wp~tlw~ witA ~ natpt Wr the p~rniuen of wd~ r~wwsl~ and tMn ah~ll b~ no fin a windiKxm M~wane~
pl~ad on of s~id bv!Idinp~. ~ny h»nst tl~in w pHt tM~wi. vnMss In t!~ fam'wd wHh ~M loss p+y~bl~ u afon~aids aed tn th~ ~va+t aoy swn
ef nwMY b~oonw payabN w,dK wd~ poticy a polici~s aid NWRTGAGEE ~11 Iww MN option a haiw ~nd ~ppty tM sarM on acnowN o1 th~ k~bted~
n~u Mew~d 1wr~by a a pN~nit said MORiGJ1GORS to noeiw ~rd uw fl a+ny pKf tMrwf fa other p~rpos~t without the~eb~ waivinp p ienp~i~•
teg +^y puiry. ~i«+ a ripht w~d~~ a by vktw of tNs enortpp~j ~nd in tA~ ~wnt wid MORTGAGORS sh+ll for aay nsan iaU to kNp tM aW pnmaa w
h+~w~d, or f~il to d~tlwr P~aM~~tl ~Y of sdd polides of iruwsncr to utd MORTGAGE~ w fill W~+P~~Y b WY fi+~h +n~? P?unh~n th~fw a in any
nsput f~il w pKfoc~ dbd~arg~, ~x~out~, tHM. oompNt~. oonply with and abid~ bp N~is oov~nt, a~nY P~?~ M~wf. wid MORTGAGEE nuy pl~p ~nd
WY for wd~ Mw+?~na os any pul tM?wf witia~t wslvinp o~ ~HKttnp +ny optio~, ~Mn. 'r4wtY. or ripht unJ~? or by vi~tw of tl~is Me?tpap~. ~nd tM
fvll amovnt oi ~ad~ and swry weA p~ym~nt dyll b~ inrn~ditl~ly du~ aml pyabM ~ed ah~ll bur int~t~st from tM d~ th~rwi w~fU paid N th~ r~N OI
~e pK antum pu wvwm M+d topNh~r with wd~ kuerat shail b~ wcw~d by tM li~n of Mia pwrt~y~. ,
I. To pwmit, aonwnit at wff~r oo wast~, ~nKM a d~ta?ior~tion of said propwty or ~ part tMnof. .
5. To p~y ail snd'sinpul~r tM roos». chupK +nd ~xPMU~,- incivdinp ~ nuoeabi~ atron~~/s fa~ and aab of abt?acts of Nti~. incun~d a p~id at
N+Y tin» by s+i~ MORTWIGEE, b~cxa~ a in tM ~vMt of tM failun on th~ parf d tlw s~id MORTGAGOR b duly. a«~wh? e~,d ~ih p..fo.M. ~,cna~n.~.
ex~c~~t~, ~tf~ct. ownplet~. eomplY with and ~bid~ by ~ad~ and r.-rry th~ stipubtiaa. +qreNnents. conditforo~. and awr~+wnts oi satd promiisory noa ~nd rhit
^+orp+p~ ~nY w~itl~u, ar~d said oost;, ch+rpes ~nd ~x,o~e~, esch and w~ry, shall b~ iamsdiatey du~ ~nd piyibbt v+httM~ o~ not tMre b~ nwki d?
m+nd. +t~np1 w aoll~et « wb p~ndrip: ~+d tM full ~mow+t of aach and ew~y wch p~yn+Nn aMll b~a? infem~ han th~ daa tMrtof vn61 p~id at tM
rate of nin~ pN cMtum PK +nrwa?s and alt said cbsts. cFw~s ~nd expwws i~cvrred or pi+d. top~tMr with wch inMru. ~MII b~ acw~d by t!M liu~ af tha
~ro~
0. 7iwt (a in th~ ewet o# ~r bnach of this Mwpap~ w defauN on ~Fs pan of t!» JNORTGAGOR. a(b) in th~ ww+t ~ny of wid wna of mon~y ;
har.in nf.rr.d a b. nor Wa~p~h? and fully p.id wi~hin thirty CdOI d+rs n•x~ an.. rhe wn• s.verall~ bec«rK dw and Wr+bl~. wsrhow d.mand a notioe, i
w(d in Hw w~rq .acl~ .nd w~ry th. aiprlarion*, .~~.~n+en». conditioro ard eown~nn of ~aid promisso.r nof~ and tM morpp~ any w~ith.r an ~a
iuly, pron+pth? a~d fulb PKformad, diacMrped, ~xew»d. ~fficted. completed. oa+~lwd with and ~b'~ded dy, tfw~? in titin~ w any wch ~v~nt tM wid ~g ~
prKpt~ swn mentiaNd in said promis~ory +at~ tMn »rnaininp vnpiid, with ioter~st ~,,ed, and all nw~ays a~aw~d Mnby. sMll b~com~ dw and P+Y~
abl~ fathwith, a tMr~aher, at tM option oi said MORIGAGEE, ~s fully and c~ompl~rdy as if ~II of the s+id wea of mon~y wer~ orip;nalty s?ipulatsd
ro b. paid on such dsy. amy~hi~g in s~id promissory eon o. tn ihis Mwryape ro rM conrr~ry ew~wi?la~andi,+ps and fha•upon w~h.reah.r a~ rl» op~~on of
~aid MORTGAGEE, without nwin or denwnd, wit at lawr or tn pvitY. tM.eFon a tFw+esfter bepw4 may b~ praeat~d as if all mo~eys s~arnd Mreby
had mafured prior a its inpitution,
7. That in tlr want rMt a N~ bpiMhg of w a~ ~ny tim. pe~d'irg aor wit upon this
Mortp+ye. a ro for~dos~ N, or to aefom+ N, a to ~nforo~ ~
wym~m of +ny da~na h..ew+der, s~id MORTGAGEE sMll apply w the Carn havirg jwisd~an therwf for tM appoa+ta~ent of a Recaver. wd? Co~n shatl
fortliwhh appoint a ncciver of said mo.tya~d propMy all and s'aguW. ind~dug all snd sirgulu the inc+onK pofit~„ i~wes and nvenws fran what~wr
sov.a dKiwd. ~h ~nd evrry oi which, it bei^0 ~xpr~+s~Y wwle?stood, ia l+erebY morty+p~d as if sptcifiul~y ~e: forth and d~scrib~d in th~ ~r~ntinp ~nd ~
h+b~ndwn dauaa lwwf. and wch R~c~iv~r th~ll haw ~II tM brwd snd effective iw~criwu ~nd powen in ~nywi~ ~~atad by a Court to a R~uiwr. and
such appoiotment th~ll be m+d~ by such Caxt a an ~d,nitted aq~ity and s m~tt~r of ~bwtut~ ripht to wid Ma1tTG!?GEE. and wirFwut r~fennt~ to the
~d~qu+cy a Ywd~qv~cy of tM valw of tM praperty mortys~ed or to th~ w~vsncy or insolvency oF said MORTGAGOR cr •NN defsndany, and that wch ~
rems, proHa. inoom~. issves ~nd rr+enuss shall b~ _ applied by wch Reaive. aceadinp to tM li~n a puity of aid MORtGAGEE and th~ pactia of wch
Gourt
d. To duy, P~on+PNY +nd fvly PKform, d'aclwrpe. execut~. ~ff~ct. oomptete, oomplY with a~d abid~ by each and wKy the stipvl~tioia~ apre~a+ts. [
ca+dition~ and coMemna in s~id promawry note and this morryap~ set forth. '
9. iMt tn ths eveM ths orvr~ship of the ^wn9~qed Pren?is~s, w any pnt tliereof, becwnes wstad • in a penon other thm the A80RTGAGOR, th~ ~
MORTGAGEE; Hs wcceasors snd ~ssgm, may, without noYrce to tM MORTGAOR, deal with such wa~swr or woas~w in imuest with refaence to this ~
morq~ and th~ debt hereby secw~d in 1M same manne~ a with Mwtyapo? withow in ~ny way vitiatYg or discharpiop th~ Mortpagors'. (iability her~.
~nder or upon tM debt hereby saa,rd. No ats of the premises lrcreby rtaAy+y~d and no fabea.+nceo~ fh~ parf o! th~ MORtGAGEE a in woc~ssas
«+uipns and no extension of the time for ths p~yment of the aebt hereby secvred p'rven by tt+~ MORTGAGE£ w its s~coesson a assip~p, ihsll opaat~
ro n1.as~, d'ad»ry, modify cMnp~ or affect the oriyin~t liabil~ty of ~M MORTGIIGOR he.•in, eirM. in whole or in parr.
10. h ts spscif'icslly spreed ~hat tim~ is of iM essence of this oo~tr~ct and th~t ~o waira of x~y oblipation hereunder w of the obli~ation ss- •
cw~d hK~bp aMll ~~ny tim~ NKrsafi~r b~ MId to be a w•iver of N+~ ~sm~ Mreof a of th~ &r~rwn~n~ Na+.~d M.by. ~
' 11. In add~ran ro rhe fwego:ng m~e?~hly paymenrs of p.inc:p~l snd inte~mt required bp the promissory note secured hereby, mortg~gor cov~nants
t snd ~yraes 1o WY ~~9+9ee with escf~ monthlY WYma+t an add~tional wm estim~~ed by mort9ayte to b~ eqval to 1/12 of ths ar+nwl oost of the follow-
ir?p: _
A-All r~al propern~ t~xes levied w aasessed agsirut the ~bove described real estate.
b-Premams on fve and windstorm anwance as here+n ~equ~red ro be urried on the improwmenq idwte on the above described premises, i
C-Prsmiumt on wch mort9sge yuuamy ~nswance ss mongapee shatl lrom rine ro rime dean fit ro cury an tAe ban secwed hereby.
MortQapee si+sll from time to time notify rnortgapw ;n writug of the smovnt due and paysbb here~nder and wch wm shall therwpon be due and ~
P+Y~~ ~~e due d~te of the next monthly payment and ~~ch suecetsive month thereaher until mortgsyee sl~+Il ootify mort9ayor of • charge in su~h `
sn+ount. Such sums shall be applied by mort9spee rawud the payment of real property taxei, irowarrce prem;una, and mortpa~e p,~rMry ~
Premiwm.
IN WITNESS WHEREOF, the s+id ?NORTGAGOR has hereunto s~t hit Iwnd ~nd seal the day and fint afwesaid.
~ SipeMd. S~ald a deliwnd pr of: ~
~
n - aro . ou an ~ ;
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~v 1 ne s ~ r n a oug ~ t
K-:~ ;
, r~ I,OUISIANA
' ~ ss
H r~7 ~
w~•on.~hr +pp~u.d - d R o~ ghr ~n
V i r~ i_n i a .ot;ghr ~n ht~ ~t, ro m. w~i~ k~? .~,d k,ww~ a ro b. ~
the trd'widwb dew~d in ~nd who ~xecutd the forparg Mstrum~m, and adceowledped befon me tMt tMy ~x~cuted the sa~ne for the pvrpo~es ~
r~?~ ~,.....d. ~?~a tr,. VirRinia Loughran r
W~~. ~~...ra Harold R. Loughran ~ ~ .
ena+min~ttion by m~ ak~n e~pa~ah uid aput' from her s~k! sckrawi~dped to and befon mt thai sl+~ sxaa?rd s~id instr~~~~ij~~7~~
rariy and without +W oorr~Pubion, cantraint. +PPre f~ar~of w fran h~r ssid Iw~b~?d. 1h`s 5-,-
WRtiESS my hand .nd officiai ..al day of rA.~b:'19~ 1~'
_ ~ .
: :,+G t ' ~
Noa lic in s~+d fw th~ Statt lsr~ . =
R~tum Ta MY y ~ ` ~ , ~ . _ _ -
f&sf Fsd~wl Savinpi d. loan As~ociatan _ ~ ~ ~~:~s _ ~ ~ •
Of Fort Pierct. : J, • ~ ~
~~,/,r'~`'..:` -
Fort Aierc~ F{orfd~ . l '
FILEO AND RECOROEO r•.,,.,,,..,...
S7. LUC1E ~ OUP~7~YEDLA•
;~~.ce.~~~ ~.612`~'2
t
+g~ OCT 30 AM I +0~ ~ - ,
v,~~
S:U~,t_f~ j~di~~ ~S ~
CLERK ~~RCUIT COURt ~
~r QOOK PAGEIGUt~U ~ - ,
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