HomeMy WebLinkAbout1808 ~ ~ ~~MT~1 ~~i~17~S'~i~f~_'. ~ iR~~`~.~~~~ ~r~rl"•~~ii~r ~ ~~~r ~~y~L~~~ 1'1~ ~ ~
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u~~ d~ll p~~ ~11 o~Acr ~ums prorideJ ~o b. p.td br v~ ltowpsw ud ~hall per(o~m, complr M;~1, ~nd .~~de br e~ch ~ad ~
s~ lM ~tipuluion~, ~~~ecmenu, eoedi~ion~ ~nd C01MII~p1~ Yid ptoa?iwory noie ~nd ot thi~ d~~~l, ihen thi~ Jerd ~nd Ihe ,i.
a1u~ 1?~nb~ creucd shall ceue •nd bs null ~nd rold. ~
_ ANO THB ?~IORTGAGOR doc~ hereby (unher corenant ~nd a~ree M tolb~+a: .
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l. To p~r dl aod ~in~utar ths ptinelp~l ~nd intere~t ~nd oebet ~umi o! n~oner p~~~ble by vir~ue o( said promiaory note Y~ '
~nd thb monp~e, or ei?her, promp~ly on the da» te~p~etird~ tM ~ame ~everally eome due.
2. 7'o p~r ~II ~nd aingul~r t~ie•, ?snemen~s~ kviea~ liabi111{e~. obliqtio~a ~nd eneumb~~nces ot ererp nnu~e oe wld
de~u~bed oropc«r. e~eh •nd e•ery, Mithin ths tlme ~peei[ied in Pua~nph 6 belov?. ~nd it the ame sh~1t not be promptl~ pdd. .
ths Morl~yee m~y, u anr time eithe~ betore or ~Ger dellnquenep. p~r ~h~ ame Without w~i~in~ or ett~~ting the op~ion to tore-
ele~s. o~ anr ri~ht Aercunder ~nd everp p~Jrment ~o ~a~de ~hall btar intete~t lcom the date the~eot at ~he r~te ot 10 petetnt
, ~ pst ~neum.
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3. To keep the buildin~s nov+ or htr~.a(te~ on Mld l~pd ~nA Ihc (iztures ~nd pcrwn~l propetty therein c~ntained inwted.
in a tomp~np or cotapa~iea •pproved bp the mort6agce. ~~ain~! ]aa hr fir~ ~nd winJ:torm, lor the hiRhe~t insurable ~~lue w
th~t ~Ae mortRaRe'. in~e~rt not •ubjc~•t ~o ~o-in~unnc~, snJ ~he policr or poli~ies slull be held by ~nd br p~~~ble to nid
mortpaee. ~nd ~he monR~Ree ehall h~vc the option to rc~~ire and ,~~Py ~uid parment on account o! ~hc indebtednr~s hereby ;h,.`
seeured. or pennit the mort~aaor ro re~eive or use it. or anr put thereot, ter •nr putp~»rs wid~out therebr ~airins or im•
palrle~ the equitr. lien or rigbt under ~nd by rirtue ot thi. mort~Ke and m~r pl~~e and pay tor ~uch insurance or w~ patt '
~ the~eol rrithout w~irins or af(ectins the option to foreeio~e or ~nr risht AereunJer, ~nd cach such paymeal ~lul! IK~r intercat (rom
date at ihe rete o! 10 percent per annum. '
4. To pe?aiit. coi»mit, or ~ufler ao vnate, imp~ira~ent, aL~odonment. or deterioration o[ said propertr, or •n7 put tAere- ~
ot. ~ad npoa the t~iluro of the Mons~sor to keep the buildinp aad penonal propen~ on said prope~c~ in ~ood eonditioa or ro-
Wlr. ths Manptee m~r demand the Immedt~te repair ot ~aid propett~. ec ae iatrea~e te the ~mouat o( ~eturitr, or the im-
~eediats iep~pnent o! tbe debt hcrcbr ~ecurrd. ~~d the lailon ot tbs Mott~Kor to complr ~ith wid dan~nd o! the Mon~~te
(o~ • period ot 15 dqs, shdl ea~stitute a breach ot tby Mertp~e~ and ~c the option of the Mo~6~see• 'ma~ediatell m~ture '
ti~e entiro ~n?ount ot principai and interat hereb~ ~ec~red~ aed the Mortsa~ee. immediattlr and without notiea, m~r le~titnte p~
rc
; preceedlnp to ioreeloee this Morts~6e and applr tor t6e ~ppolnloeet ot ~ lleeti~rer, u herein~[ter prorided. ~
5. To perterm, con~plr with wd abide b~ e~ch wd erer/ tAe ~tipul~tio~u. ~6reementR condition~, and tooenaey ln uld
peanlNOry note and deed ~et (orth.
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6~ To delirer to the Mort6~see. oa or betoro Febmar~ 1 ot aeh ~ear, t~: trceipn e~tdencin6 tbe pa~ment of all IaMtullr
i~paed ta:a upon tbe mortRa~ed propert~ tor the preeedins ukndar rar: to deli~ to tbe Morts~~ee reeeipu erideaeln~ tM
pqMaq el dl lien~ (or public impronmeau witAin Nlaet~ t90) daps dter the ums ~hdl beeoms due ~nd pa~abk. ud a p~r
or dl~eh~r~e ..ithin Ninecp (90) da~~ ~(ter dus d~ta ~u7 wd dl Roreran?enul fenie~ ttut a~~ b~ wde aa~ tb~ aartp~ed
Propett~'. en tAfr 1Kort~y~s or note or In te~ aber wq ra~nhiu~ ltes dM werepse iedebteduer ~eenred b~ thb )dort~a -
To ~r ~Ii and dosrlar the oo~t~, ~arsaw aed aapta~ ioeludin~ l~M~er
• fta, naoaabl~ ioeurrad or patd u ur ~
~1~. b~ M.e~~~ae. beean.e ot ~he ia~l~ue o[ ~bs 1[.e~pp~ eo pato~, oomplr ~rith and ablds b~ eae6 ~nd e~~ tbs ~tlw-
4tiou. a~»~oent~. ooadition~ wd eo~aeaat~ oi Nld pio~troq aob ~ud tbu deed. or either. aed a~er~ aueb p~~weat ~bdl
u ~a~
beu Inten~t fros date at ~bs nte ot 10 paoent per ~aanni. ,
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8. ?bae U.nr .ctios, or proaedias. ab.ll be ooeosiosd M~? perws aLer e6ae ehe 6older ot t6t..octq~ e~o.pe
i••- an aetlon to toreelae t6is mortsa~e, o~ to eollect ths debt ~een»d t6eesbpl to r?hie6 sctba. or pioeeedla~. tV 6oWer o( t6t~
mort~~ b mad~ a part~. or In Mr6k6 It ~hal1 beooes neeewarp to detead. or up6old tlis Ilea of tby ~e, aU wuM
peld bp UN holder oi t6u ~nortp~e for tbe ezpsa~e oi aor IIt(suion w pro~eeute. or detead. t6e ri~ht~ and Uer ere~ted 6~
thi~ mort~ase tiacludtn~ reuoaable coumel tea). ~hall be pald b~ t6s Mortp~or. to~et6er nlth tntueu tbereoo. st eb~ rw oi .~~1
, 10 pereeatpe r annnm. and any wch am. ~nd ehe lnteceat thereoe~, a6a11 bs • claLo npon wid pceni~a. and ~haU b~ de~aed to
be ~eeured br t6V mort~Ke. T4~ su~. p.id by or ;neurred b~ ~he holdet 6ereot !a ~ccocdu~ee ~+ith tbe ternu oi thu pan~taph. '
rhall bs paid br tl~e Morts~`or unto the holder hereoi vtthio thirt~ (J01 dys, asd t6e f~Uure or omi~ion oE the Monptor w to do ~
~ ~al! eatltb t4e 1lfort~a~ee w 4dd wch wms w tbe prlnclpa! indeMedner ot tb4 mortsa~s and tbe aet~ it ~seura. ~td/or u in
optbn deelars th4 moetpae aad tlw nots lt ~eeara to be Is de[wl~ thacanpoa autarln~ ~A oi the tinpsld iod~bte4eu t~el~dies
the wms ~d~seeed 6a~+tnnder. •
9. That no eaten~ion o[ the time or modiflution oE the term~ of pa~eet herelnaborq and ao relea~e o! ~ny put or p~cu ~
' of tbs mort~~~ed premian, eren thoush made rit6ont tbe eoeant ot the No~or dull relea~s. reliare, or di~c6~r~e the
r• Mortp~or irom the p~ymrnt of anr oE the sum~ hereb~ ~ecund bat In wtch s~au tbs MoctN~or ~6tU aera~helaM b~ tt~bb to
p~r such wma accordins to ihe temu of such Ostttl~io0 Or IDOdIUpt10A{ anler ~peeJfleaH~ releared and di~e6ar~ed In wrhini
br tbs Mortpsee: ~nd funhermore, thu ~ccepunce oi p~rt paYment oE an~ towUmeat of priaeipd or intett~st. or both. or oE ,
p~?rt perlormance of anr covenant or del~~ (or aar period of tiiue in e:etwta~ the optba to nutnrs the eatlrs debt, ~6a11 not '
i•.- operate as a w~irer o( the right to ezecute such option or ect a+ auch det~ult, pnrtlal acaplu?ae or anr ~ub~equeat dei~ul~
10. i;ntil detauit in the performance of the co~~eeanq ~nd ~ireem~ob oi t6b ~ort~, the Moitp~o~ ~baU bs eat[tled ~
to eolleet the rents, iwua. ~nd pmEit~ tran the praoiaes 6eninbetore de~ctibed. but ln eas of a det~ult ia an~ of d~e t~rm~ of
thL Mort~~e. or the filing oi a bitl to toralae thu or aaf othu morep~e ea4wmbedn~ t!N wlt6in dacribed propertr. tM
Mort~a~ee ahall im~aediatelr and Mitl~out nalce be enUaed~ a~ ~ aatte: ot ri~Ati wd ~?it6out se~ard to tbs ~dus oE th~ praaVa.
or wlvenep or in~olveacr of tAe p~nies. to the appoistmmt of • Reoeira ot t6e mort~spd propartr. Iroth real ~nd per~on~l. ~nd
oI tbe renu, iruea ~nd protit• thereot. with the usual power of Reeeivm in ~ne6 cver, and weh ReteI~er maf be continued '
ia posscuion o( che wid pmpertr unal the tiroe of tbe wle tl~eeeof. uada web foceclowre. wd nntil c6e coafirwation of wch
" wle by the Couct.
U. If forccloaure proceed~o~r ahould be in~tituted ou aa~ moctsye ia(erior W t6iu mon~e or if ~ar foreclawro pro- _.r ~
I~Y- ceedin~ u inscitutcd on anr lien of ¦nr kind. che morepsee mar u iu opetoa immedtatelr or thernfter dselare thi~ mortpss
and the indebteJaeN ~ecured henLr, Jue ~ad p~yabls. IE t6ue iu any mortp~s wperbr to t6L mortiqs. then fallure to p~~
wld mort~a~e rhen due wJ ia acwrdaace rrith lu termr or isilute ,~o .b1de br ~ term~ of uid mortsa~s ~l?dl be Jeea?ed ~
bte~ch ot thu mortp~s u?d the wort~.ree a~ iu oP~ioa m•r tmmedia~elr or ~6ere.t~er d.clan mors~.y. wd ~bs lndsL~edne..
benbp ucured due and p~raLle. Any moJiliution oE anr mort~~re ~uperlor to thi~ moct~e or ~rairer of wy prlaeipal or Inatqt
p~pmmu on ~nr nwe or mort~~re ~uperior to tbb moct~e ~6a11 be deemed ~ btt~eh ot tb~ teraa ~nd to~eaaeq ot thlr nwrt~s~e
~ad tb~ monpps i~ereot may st tta optlon deel~n t61~ mortsys aad tb~ fndebtednNS Ncand b~nbr dw wd ~ar~bls. + ,
lZ. T6at tbe mallln~ ot •~r[tten aotkv ot dee~~sd. ~ddewNd to tb~ orn~r ot i~o~td oI tbe n~art~apd ynoyes, dineqd
' to Ib~ ntd ownu at t6e la~c adJrer utwU~ iarnl~hed ee tFw Maet~yN. ar dtraead to tw Nld oraa u Mld riwrt~~sd pn
dM., and maU.d br ~be Unued Su~« ma~1.. .h.ll b. .niite~so~ nata .ed d~s.od i...~r ow .rtdes aodr rw. l.~a~..c ..d
requind by t6e pcorLioas hereoi or br l~M.
1~. Th~t [n the cvent the Mort`s~or shoulJ wisn the rcats o( t6s mart~sd pt+ml~a o~ ao~ p~rt tLrreot rithort tl~
oonrtnt o! tM Nort~see, lhen tbe entLe prineip~l wm ~ecured hecebp ~aU. at the ePtio~ ot tb~ Irtorts~e~. b~ooin~ iea~ad(~.
ly dw and parbla
. 14. To tta eutent ot t6e iudebtedr?ew oI t6e Mortpsor to the Mortp~ee dacribd Mrein or ~ecured hereb~. tbe Utortp~a
f~ berebr wLropted to tl~e lien or liew rad to the ri~bts o[ the ownen ~od Aol~kn tberoot et eseh aud em~ ~wnpse, lien or
~ti~r ~oeuwLn+u~ on tbe land de,cribed 6erelo wWcb M yaid wd/or MtbiiMf, lu whoM or la put, au ot tIN irooeedr ot ~M la~
d~ttb~d ?rc~ia or ~red 6ereLr. aaJ ~hs rarpeetiw lie~s ot ald ~ort~~„ Uw ot othR ~tiwbr~sces. ~h~tl bs sad ttN ~
~~L d tl~r h«nb~r i~ pre.er~rod ~od ~b.tl pw te a~d b~ hsld b~ etr Yuti~ Mrsf~ as ~ea?riq to~ tIM bib~ed~ M tlis
~[ortsa~e~ benin dacrilxd or he~eby ~cwreJ, to tbe ~awe aeteat tbu it woald Iwr~ bem praRred wd ~ra~W Iwr~ bee~ ~ed te
~sd bee~ beld bf t6e f[orrpsce had i~ Ixea dulr ~uJ reaula~l~ ~si~ed. trms(ured~ ~!l OrC~ ~AfI dCllYtttd YAlO 1I16 MOf1~/S!! I1r
Mparate deed o[ as~ignma~t nutwi~hst~nJing the Iact tlut d~r NI11E Wi~ I~0 MIM~Il1I and e~ncelkJ o[ ~-urJ. it liei~~ the intention
o! ihe pariia hcrc~o tlut ~L.: wmr Mill L~; s+l'aficd ~oJ uuadled ot reeord Lr tla IwlJerr thrreul at or ;Iwut tl~ tirue o( t6e
" tetorJin~ oI this MUflb'JKC. ,~i ;
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