HomeMy WebLinkAbout2733 • ~ Our tile FS-16,160
M~1p~. Iw evest (~fYtIMYf! Y( ~bi~ u~srtp~ ~~IKt uw~fer d ti~k 1~ 1A? w~n~a~ ~setf i~ ~atiw~i~Aw~ewt r1 dK ~wd?M~
edww ~etrred ~t~e?r. ~11 ri~t. ~ill~ ~w~ imer~N d tbr MKt~~r iw wd 1~ ~w~ iwwr~e rli~in IiKw iw 1~• ~11 aw 1• 1`e
~~trbrt~ awNc
(~1 Ts ~tel~nw. e~pif wit` ~d •`ide e~~b •wA evcrr t?e Myul~ti~ws~ ~Rreswe~u. ~wJitiww w~l ~~ve~~wM ~w ~1 M~w~w~7
wN~ ~wd iw 11w i~ea ~et f~tttt.
(il ?fiM i( w) ~f a~iJ 1 ~a«wf ?e~an reterred ~e be a~t ~r~w~p~l ~wd ~rllr ~ wi~iu fltfM's Ml~ ~it
aGet ~be ~uwe ~erehll~ bee~ due .wd p.~.dte. ~r if ead~ awd even ~~ti~l~a~.~~reawewt~. r.~wl~ti~ a~ r~~~wM ~1 Mi~
~e+a~iw~~ Nte a~~ t?i~ detd. ~t ei~her. ~ee +Nt tuliy pe~fo~u~ed. eau~li~ wit? ud ~bideJ ?r. t~s MiJ ~prs~rle ~w~ ~wew~i~wer i~
riJ ~?«aiwq wNe ~11 bee«we dae an~ p~yable fenAaiih K~ereafte~ ~t tAe opi~w r( ~be 111NtpRee a~ frll~ ~sd ~rww'le~d~ r
if ~6e Mi~ ~~~ee~M~ ~~ua d wi~ p~omiu~ wM~ wa~ ..iR~eallr aipul•~e~ u be wid ~w wK\ d~y. aw~t`i~t i~ wJ M~wiw~= ~Ms
st he~eis t~ 11~e e~atnh nM~rithp~edin~._ -
/jl Tlu1 in Kde~ t~ ~ee~le~te tl~e m~t~rity ~t ~h~ ~ndebtcdwe~ herear ~ecureJ. beca~uc .1 tAe hil~n ~f tlr Y~et~~ t~ M7 N~
t~Y. wew~newl. li~?ilitr. ~?lipti~w or eacwnbr~nre upo~ ..~d ~~e~nr. ~ heeeiw ~viieJ. i1 ~all ~t k wse~ae~ K n'~~iN1e tlwt
tbr mKt~ca~ter ~hall 6nt a~ tAe wne. ~
2. Tl~e Moct6~6ee aur. at hiu oPtion. aod without waivin6 I~i~ risht to aooelerate the indcbtedeeM hereby
~ecured aud to [oe~ecla~e the s~me, Q~r either betore o~ after delioqueacy aa or all of tho~e eertaia obliRatioaa
requiced by tM tesm~ heeeo[ to be paid by the Nortsa6or fo~ the protection o( t~ ~e~.~ .~~ri~r ~ r~ ~~u~.
tioa ot t6e i~debtedneM herebr ~ecured. All surrw w advanocd or paid by ihe Mott~~e ~h~ll be ch~r~ed iato tbe
mortsa~e account and become an iatesral p~ct t}~ee~eot'. w6ject ia ~Il rapect~ to the tenw. conditioe~s, aad covenaab
of ti~ afores~id promi~wty aote. and tlw ~nartsa~e. a~ [allr aod to ths ~ame e~teet as thou6h a p~et of t!k oriRioal
indebtedneM e~-ideneed by s~id note and ~ecue+ed by t!w mortsa6e. ezoeptins huwever. that ~aid wwu ~hall be Kpaid
t}~e MoriRa~ee forthwith upoa it~ deniand •nd be in additiou to the reaul~r monthly inatall~neata provided hy the
~nort6r~e note. -
3. Tlut tlie abetract or ab~tract~ o( title eovcrina t6e mort6~~eJ propeHy slull at all tirm~ duria6 the life ot
thi~ ~nortgs~e. rtmain in powawion of the 4tortaa6ee and ia cvent oi the foreclow~+e of thi~ mort6aae or ott~er traa~[er
of title to tl~c mort6aRed property in cxtinRuuhment of t6e indebtedna~+ ~ecured I~ereby. all riRl~t~ title aod interest
o( tl~e btortRa6or in and to anr wch abtract~ oi title •hall ~a~~ to the pnrclw~er or 6rantec.
4. 'I'o ihe extent of t6e indebtcdaese of thc Mortaa6or to the Mort6a~ de~crilicd herein or ~eeured l~erebr.
the 1liartaa~re iu hercby subro~ated to the liea or liem and to the riahb a( tl~e m.nen and holden thereoi of aeh
asd eve~y mort6Yae. lien or otficr incumbrance on the land de~cribed hereia ~.hich i~ paid and/or sati~6ed. ia whole
or in part, oat oI the proceed~ of the loan de~cribed herein or ~ecurcd hereby. and the respective lieas o( ~aid w~ort•
~aaes. lie~ or other incu~nbrances, shall be aud t6e same and each of the~n henb? u ~~re~erved aqd ~11 pw to aod
be held b~ t6e Morta~~ee hee+ein a~ seeurity for the indebtedneM to t}x lliort~a~ee I~erein described or herebr ~ecand.
to the sanae e:tent that it Mould h~ve hem pre~erved and waild havt heen paMed to aad 6een I~eld by tl~e Mort6~6~
I~ad it bcen duly and reRularly awi~pied. trans[erred. set over. and delivee+ed w~to the Mortsa6ee by ~eparate deed o~
a~i~punent, not~.ittistaadina the fact that the same may be wtis6ed and cancclkd a! t~eooe~d. it beit~ tl~e~inteniion of the
~.arties I~ereto that the saa~e w?ill be oatia6ed aad cavoelled of record b} tl~e holden thereof at or about the ti~ne of
the rrco~inR o.` t1w mori6aae.
S, Ia the event the owaenhip of the mortaaaed pnmisM. or anj pari tl~ercof. becomes ve~ted in a per~on oiher
than t{~e '.No~tRs~or. the ~Tort~aKct may, withont aotice to d~e Mort~a~ar~ deal with wch weeeror or ~ueeeMOn in
iutere,~t ~.ith referec~ee to thi~ deed aad the debt hereb~ ~ecured. in tl~e sanx manner ss ~vith the MortRaRor without
in anv way ~itiatinr or diseharQnR tbe 'ltort~aRor • liability hereunder or upoa the debt hereby secured. No wle d
tl?~ ~.r~misd~ 1~ere5)' m~rt6a6rd snd no forbearance on the part of the ~iortRaRee. and no extcnsion nf the ti~ne for the
~„r„,e„~ of ~I,c deb~ h~Kb~- .ec~~Kd ~i~M by the Mott6aaee d~all operatc to relea~e. dircl~arRe. modify, eh~nae or al~eet
the ori~inat liability of the MortR~xor herein eiiher in wrhole or in part. •
6. TF~. lie~ ~+f this deed ~eca~~ aad ahall oontinue to ~ecure p~ymeat of ~aid iodebtedne~s or indebtedoeM.
h~wever e.id~ncrd, whether b~ said promiNOry note or a~ renewal or e:ten~ion t6end or ~ub~titute thenfor. or
, otlxrwise. uMil all ~uch indebtednes~ ~hall have been fulla paid.
; 7. /n t/rr rf>t rlrP mnrt~rr~nrs srll. ~~~nt~~ti• nr trnnsJ~r fht m~~~~a~~d p~~mists dtn-in~• thc !i(t o/ f/ris ri~n~?~~~~~,
~ thrn thrs mort~n~e shnll, a! lire oplton oJ th~ .1lnr~~;nG~r h~rrrn. l~~rnme imm~~linttly due nnd paynblt for tlet /u!1 stun o~
, tir~ pren~r~nl (~nlnn~~ mt[I rntt-~s1 th~n dut.
~ 8. Tiu terme ~~'IortRa~or ~ ana "MortRa6ee" wheoeve~ used in this iaatrument ~hsll incluJe the heirs.pe nonal
I r~r~~rc.rntati.~es, ~ucc~.~nn and aMi~u et t!u respeetive partia? hercto. Rrhee+ever u~ed the ~io~lar number ~i~all inelude
, the plural and the plurat the ~ieRular. and the use o( an~• ~nder ~hall include all ~eaden.
r
~i d. ~eal a i~:e d in tltc pre~en (Sii?L)
. ~ . m ~
3TATE OF RIUA ~
COU;V . OF
ST. I,UCDE DAVID SARR and HANNAH MAE BARR, his Wife, also
3 Be(ore ~ae penonspr aPpeared ~OWII 88 ~A $A~
~ to se ~+cll kno«a ind 1~noarn to we to be the individuab de~eribed in and wiw eseented tl~e fwe~oi~6 iw~trniwess. ~
~ ackao~+ledRed be[ore n+~ th~t ther e:eeuted tl~e urne for the purpwes tbereu espreMed. ~ ESc w~ haArl a~
~ eiei~l ~eal ~a t6e Counry •ad titate li~t •f~resaid thi~ ']lb ~ O~ 81'CZl 9
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Mr (:on+rwiwie~ Fzp~rn: JUII9 ~f0~ 1971 '~Mary PubliG ~tate OZ`~ 8,.' • _
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