The URL can be used to link to this page

Home My WebLink About2673 1 * (continued from paqe 3) indebtedness hereby secured for each ~ot or portion thereof so released. It is further aqreed that any default under the Loan Aqreement shall be a default under this mortgage. To`ether with ~ll and ain~Nlar the tenements. Dereditamenb. easements aud •ppm~tenances tDesennlo beloa~in~ or in anywise appertaiaing~ and the reata. iaanes. income. re~enue u~d protits thereoi~ and alw all tbe atate. riaht~ titlt~ interest snd all clsim and dem~nd ~rlutsoever~ as well in law as in eqnity~ oi tl~e eaid parties oi the lirit part and eaeb oi them in snd to tbe aame~ and evesy part and parcel tharaoi. with the appurtensnces. ~o ~dts attd ~o ~alD the above ~rsntad ~?nd de~eribed properties and premises nnto the wid puties oi t6~ secoad pa:t sud their le~sl representsLiv~es iorever. ;~iDsa ~l~ox~~, and these pnsenb are on tbis ezpress condition. tbat it uid pastia a~ !he tint part. or thelr legal repreaentatives, shall well ~nd t:vly p~~ nnto the said psrties oi !he second part. or thetr le`al rep~esentatirys, ths said moneya menttoned in asid promissorp notes. snd th~ idenst thereon and on u?y e:tenaions or ~ewals t6ereoi. as they sball become due. acaording to !6e true intent and meanin~ t1~e:eof, tosetlrer wtth aU eatt, cBar~es aad expensts, inclndin~ nssonable attorney'a lees, wbich the aaid parties oi the aecond put ma~ incnr or bs pat to in eoUectit~ th~ ssme u~d shall pedorn? sll other covenants oi this mortgag~e aad the notea bsrab~ ~ecnred, thea t6es~ presan4 snd tbe ~s- tate ~erby granted aball cease, determine and be absolntcly anll and ~oid. ~ the u~d parties oi the firat part, ior themsel~os and their legal representsti~ea, iointl7 ~nd serezall~ eo~~- asnt and a~ree to and with the asid partiea of the seoond part. and thsir legal representaN~es, tbat s! the ~ oi th~ ensesli gand delivery af these presents they sre ~rell aeisedoi ssid properties and/or premises in iaa simple and h~w g~ood ripg?it~ inll power and lawful authority to grant, bargain and aell the aame in manner and form aforeaaid; thst tDe wme are iree snd clesr of all liena and incuaibnnces whstaoev+e:, snd that they will forev~er proteet snd deiend the ssme statnst all Lwfnl claims. and that they hereby tnlly warrant tbetid~ to said propertias and/os premises and wW defend th~ asme against the lswinl claima of all persons whomaoe~er; tlu~L they will permit„ commiL or snifer no waate snd will teep aU the improvaments in aa good condition aa tbey trow are. and will do or permit to be done to ssid pzoperties and/or premises aotDing that may in sny wsy impsir or weaken tbe security nnder this mortgs~e; tlut they wiU psy nato tb~ partiiea of tlee sawnd part, or their legsi"repnsentstivea.We said promiaaory notes. and the intereat tbereon snd on any ext~aions or rene~vals thereof. as they shall become due snd psyable~ inclndir~ interest on past due intereat at ten per centnm per annnm imm due date nntilps ia, together wittsll costs, cha:gea. abstract feea and e~cpenses, inclnding at- torney's tees~ ~vhich tbe aaid parties of t6e aecoad part, or their 1e8a1 repreaentstives, msy be pat to or incnr iu coUect- ing the asme; that tbe said partie~ oi the first patt wiU. in dne sessoa, and beiore delinqnent snd bdore sny penalt~ sttaches or u?y interest accrnea. pay all tssea. ssseasmen~and ebarees w6ieh may be le~ied or aasea~ed npon the wid property nntil the indebtednesa afonaaid shall be gsid; andwill keep ssid propertiea andlor all bnildin~s thst maq, at any time, be on ~aid premiaea during the soatinnanee oi s~id indebtednesa, in good snd fint-cLas mndition and/or zepair and insmed in aneh iorm aad in anch compsny or eompaniesaa the wid ~zties of the second psst. or their le~al repre- sentatives, msy spprove. ior at least ....~~_f.ull._a.nsa~raktle._~al.ue..~here.rsf~_...--•--.._..w___..___..____.__.......... ~~~Y._ against fire, storm. w3nds, flooda, theft, peatilenee and otberdisasten ior the ben~t oi the ssid parties oi the seeond part, or their leQal npreaeatativea, and will sssiga und dAiver, with• t6e proper conaent oi tbe insnrera. the policy or policiea of insnrance to aaid parties of the seoond part, ortheis legal npresentaGvres. as inrther aecnrity for the ia- debtedness aforeasid~ snd that the said partiea of the firstpart. or their leQal repreaentatives, wiU promptly aatisty. ~sy snd diachuge any and all mec6anics and material men'~and aU other liena, and any and all judgmenta and decrees ~rhich may become liena or chargea npon the propertiea andbr premiaes sbove descsiDed. ~ ut ~ass oi the refnaal or neglect oi the ssid psrties of the fisst psrt, or their legsl representativea. to thus npair and/oz insure, ar to assign or deliver the policj or poliei~ of insunnce, or to psq tues. asseaaments or chsrges, or to satiafy snd dischsrge the liena, jndgments oi decreea abo~e mentioned, or to deliver receipts for said pa~- ' ments when so requeated, the aaid parties oi the aecond part or their legal representatives, may. st their option, make sncb ~ repairs, proonre anch inanzance or pay ancb taxes. asaessments or chargea, or pay aad disc6arge anch liens. jndgmenb ~ or deerees. and it shall not be obligatory for the parties oithe seoond part, os t6eir legal representatives. to inqnis~ t into the vsiidity ot taz aaseasments, tsz deeda or apecial s~esame~ts. or of salea nnder anch ts~c or specisl assessasents. ! or to i~nire into the validitq of liena oi mecbsnica or mataial men, or into the necesaity oi sucb repaira, ia advaacins ~ moneys in tbat behsK as above anthorized~ but not6ing heren contained shall be construed as reqnizing the wid parties ~ o! the second part, or their legal repzeaentati~ea~ to sdvaneE or azpend money tor tszes or specisl asaeasmeats ar ior other pnrposes doressid. Al! moneys thua paid shall draw interest at the ratt of ten per centnm per annum. and, to- sether with all reasonsble sttorney's iees, coats. cbarges,sbstrset lees and espeases ios foreelosnre or otLer pro¢~d- in~a, sbaU be repaid to the parties oi the second part, ortheir le~al npresentatives, on demsad; snd aha11 beeom~ io mneh sdditional indebteduesa aecnred by this mort~aBe, to be psid o~rt of the proceeds oi !he sale of the morfsa=ed premiies atoraaid, ii tbis mortgs~e ahonld be lorcelosod.and it not otber~?ise paid by the ~aid parties oi tbe first part. or tbeir keal repra~ntatives. ~ tl~s ~~tiD ~ulus of t~t ~`ust ~ast, for themsel~ and tbeir le~al r~preseatativa, sevatall]? and jointl~ iastber oo~enant and a~ree to pay all t+uces, assessmen4 andcbar~es that ma~ be usesssd npon sach pzoperties aad/az p~emises at daeribed above. sad/or apon thia mortga~a orthe iadebledness se~wred hereb~?. witbonL retard~M heretotore eaacted, or hereaiter to be ew?cted, imposing papneat a? tbe wbole or anr put tba~eoi npon t~s seoond part os their legal represeatative~. Upon violation o! tbis uaderstaIIdin~ or npon the enaetme~ by the St~b o~ FIerW~ a~ sny l~w imPosinB Ps7~ment a~ the wbok or aayportioa ot aap of tbs tu~ea. assaaments a~ cbarsea ato~w ssid opon the parttes oi tbe ~econd p~rt or theis le~sl reprseat~ti~es or npon tbe readidon b~an~ comt ad L~t re~o:t ot s deci~ion to tbe dieet tlut tbe nndertal~inl b'7 the uid partie~ o~ tbs firat part, as hezeinpro~ided. to pa~ a11 t~es. 1 asNSSmeab or chsr~es b le~ll~ inopentive or eannot be eniorced, then snd in either oi snch eve~b tbe indebtedaen hereb7 ~ecared. witbont anr dedn~tion. ihaU, st tLe optionof t~e parties oi the sxond past, os tbefr ksal p~r~e~ata- ti~a, aad witbaat lurtber notlce, become immediately dne snd paysble notwitbstandin~' an~thins eontsin~d in~tb3s morF sap or any law 6esetolon or hereaitar eaacted. ~ it is ~eD ~~saD that~ in cua o! detanlt in sny o~ tbe said paymenb ot prineipsl or interat. ~e- 5 ~ eotdin~ to the tenor ot the ufd aotes raentioncd sbove~ orbra?ch of an~ of tbs eovensats or assaemeab ~a+~ aoa- ~ bi~d, tben aad in sn~ snch case tbe wbole oi the said psinc~+al ~nm 6ereb~ aecm~ed aad Lhe interat tbesaoa, and aq~ ~ a~ents, liens. jod~ment~,~decrees~ c~osb~achar~a~e.~ir~pe~ ab ut i~ea~ a~rneYs i~; oi o~, sba11. a~ opt~on oi tbe ssid parties oi the ~eeond psrt, or tbeir le`alrepseaentstives. baome immediatel~ dw and p~~sb~e with- w~! torfber aoties aad thii mort~are m~~ bs foreelosed in tbe manner aad with the aame ~fiect a~ K the u~d i~debt~d- ness had otherwf~t mst~ued. '~t ~s nf ~rsslQSttcs aball be sppSed, ifrst to tbt espensea incnrred heraander. ineladi~ a s~aso~- ~ble attorney~ fee !or sach serviex as msy be :endered for the eolleetioa a? said indebtednas sad tbe ioreelosnrt o? this mortaar; second, to the payment of whste~er snm or snms the said parties ot tbe saond part„ or their lepl rap- , nseatstives, ms~ 6sve paid or become lisble to psy in csrrying ont the options, terms and stipnlstions oi t6is mort~s~s, tosetl»z with intereat thereoa; third, to tbe psyineat and utiaiution oi said notes, and foartb, the snrplw, it an~, shall be paid to the partiea oi tbe first part or otberwise aa the conrt msy dccree. ~ - 2 - , aooK ~.73 0~2655 r . _ - - - - - ~ - ~ ~5.._ -