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Home My WebLink About2853 f ~ ~ aad ~Il P~7 sU otk~ wr provlded to bs p~id bp thV llertpp. ~d ~ball perfo~. oospl~ wid~ a~d abidr b~ ael~ ud • a~1 ~~jP~bM oo~dhioM ud orra~ts at ~aid p~oaiNO~~ aate aad ot tDi~ deod. tbw t6is d~ed ud the atate ~r aated ~ll oa~s asd bs aull aed ~oid. ~ , AND THE ltOR7'GAGOR doe~ baeby irrt6u oo~au uid ~e~es a~ iolk~n: ~ 1. To p~ dl ud d~lar t6e pri~eip~l a~d L~taeae aud at6ee a~ oE nwel W~abi~ b~ rirtw ~ aid psvaL~ ~ote and thi~ a«t~~ a~ eithar. Pnoe,ptl~ aa tbe dqa n~peouhlf tb~ ~s ~a11T ooee dua 2 Te P~7 aU and ai~i~r t~a. aese~ana. l~ja. 1iabWtia. obli`atioas asd eseob:~~oe~ d r~er~ s~r~ N~sid daeribed peopere~.. e~c6 ao~' ereq. w~i~ tke ti~s ~edibd L Parqe~pr 6 bebrr. asd if t6e ~s ~6~11 ~ot b~ pt~e~pt1~ P~id. tLs 1Eoetp~ee aa~~ at a~ W~e eitbse betao os ahee delioV~~7. M7 t6s a~e withoot ~?aivie~ or affeetie~ t6s optioa a fois~ elo~e. or aq rt~ht baea?d~ ~d e~ pa1~t a nade ~all bas iata~e~t tr~ ebe daa t6enot at tbs tw d 10 peeewt Pet aeaos. 1 3. Ts keep tbs brildiop aow oe bsreaiter aa ald Lad ~ad t6s i~tw~a ud penoo~l peopeet~ t~sip ooataissd 1~wred. ' is a oomP~7 ~~A+o~ ~PP~~ b'7? t6s ooet~a~ee. asais~t 1sM b~ firs ~ad ~rinditaes. to~ tbs 6t~bart i~wrabb rslw ae thae t6e so~t~'a ineerat is na snbi~ co a~~ownsce. and tbe polkp ee polieie~ sh.U b~ Ldd b~ a.d bs p~~bi~ a.aW aort~ee. aad t6e matp~ee ~6a11 6~re t6e opcioa to reeei.e and aPPb ~d W~omt m aoooant at the i~debtadsew 6ereb~ ~ aeerred. or p~xsit tbs aottp~or to reeeire as ass it, or aa7 Part t6ereot. for +fny P~P~ ~~~i oe 1~ t~ ..itbo~~~.ai.ios or aU~eaio~ the op~ioa~ foroclaa oe u~ 6atiand r, a~od eac6d~ fpa~eac sha~p b~ar iocuai I~ _ date at tbe rate oE ZO pee+oent per asaas~. - 4. To peiai~ oodnit, or suffer ao wada iep~i~meaq abaadon~eat, o~ daterbratioa oi atd ptopeitr. ar aa~ part tbera- , oi. and npoa t6e failare oi t6e Moitp~or to ice~ tbe bnildinp aad per~onal propertr oa said propett~ in ~ood ooaditioa or ra paic. ehe Mortp~ee aa~ deaand t6e ismediats repair af iaid propert~, or as iscna~e in the amoant oi aecarie~~ or tbe im- ~ mediate rspa~ment of tbe debt 6erebp ~ecnred, and tbe failnre of tbs Mortsa~oc w oompl~ witL ~aid deiwnd of tbe Moetsa~ee . the ee~ of li ~ ps, ~6a11 ooostkate a bcach of t6ie Mort~e, aad u t6e option oi tbe Moet~a~ae. is~ediatel~? a~atan Prooeedinas to ( p thi~ Mortpse ~~f orf ~~t oE a Reodrer., a~ bereinafter pro~ided. ~f tmtitute ~ S. To pafam. co~p1~ witL aed abids bp e~cL a~d e~e+7 ~+~P~~. ~P'~b. omditia~. and oo~wanta ia said . prania~ur~ note and de~d ~et krtL. ~ 6~ To deli~er ~o tbe Haep~ee. oa ar before Febtu~tr 1 of e~ch Tar. tu reoeipb e~idmeins t6e ps~meat ot all lawfaU~ , ~~a eua ~ ~ ~ r~ ia ~ p,~a ~a.: w a~.~ ~o x«s~ ~w. ~.;a~s ~ ra~mts a[ aII liens for puWlc nspiv~eo~ma ~ehin Niaehr t90) daYs dcee tbe .ame .ball beoome doe and pa~aWa ~d ~ rar or di~eharee wit6ia N~ (90) dns after doe dat0. aa~ aad all ~oraammtal le~ia tmt ms~ be aade aa tbs mat~ed Propert~. oa tLi~ Moetp~e ar aote or in aq atber ~rq rainltina feos tbs ~ottp~e iadebted~as ree~teed b~ this Yo~t~e. T. To pq all aad sio~nlar tbe ca~. ebar~a~. ~nd ~pmsa. mctndiai Lw~s i~. naon~b~jr insacred or paid at aar time M tLe 1Lartaa`eer. beeao.s ot the faitnrs at the Yort~.~or w patoia. oompl~ with and abid~e br ea~ ~nd a+e+s tbe stipa- latiau. a~ree~mts, ooadition and oo~aoaHot of a~id pimiNOq aote aad t6i~ deed. or eitLer, and e~ s~h pa7~eat ~6all bear ioeecat lno~ dete ~t tbs iate o# 10 peiceat per amom. 8. Tbu if aa~ aaios. oe piooeedin~ d~aII be oommeaaed bl ~1 PQ~ otLar tban t~e Loldac of t6i~ ~ (a:cept aa actioa to toreclase tbis eait~e~ ~ to oollect tbe debt ~ecured tbe:eb~) w rrbich action. or piooeedin~ tLe~ ot thi~ mort~e is made a put~. ar in which it ~6all ba~oms neouea~T to defm~ or aphold. tLe liea at thi~ moetpse. aIl wms paid b~r t6e beMer ~ th» moit~e fa~ tbe es~ease of an7 1i~su~ ~ P~~ a~ ddaod. the ria?ts aad lied erasted b~ this asoet~s (iaelodt~ e~aa~ble aoore~i tea~). ~LaH be pdd b~ tLe Mortp~or. t~et6R'wl~h intesdt tDe~eoe. u tDe ~tste oi 10 pcrcent per annme. and ~n~ snch aom, and the intesa~t tLereon. sh~II be a cLim npon said psra~Le~, and ~6aU ~ be deemed to be secared b~ this mortsa6e. 'lh~ saos paid b~ or incarnd bp the holder 6e~eoE in aooord~aae witL t6e te~ms e£ this Wni*aP6, a6d1 be p~id b~ t~e Mo~aaor unto t6e holder hereot withm thirt~ (30) dqrs. aad tbe failare oc omLsion of ths Mo~t~or ~o to do s6aII w[itk tbe Mact~ee w add a~ch wms to the prindpal indebtcdm~s of shis moit~e aed tbe note it ~ec~a, ind/or u its opcion declaro t6is mo~tpse and tbe note it aecnrei to be in defanlt. tLaraupou muuriog all ~ tLe aupaid indebtedae~s ioclndina the soms ad.anced Leramder. • 9. T6at no ateasioa of tLe time or modificatiou of the terms of pa7mmt bereieabo~e, and no nlease af an~ part or parta ' of t6e mort~a6ed premisa, e~ea thonah made witLouc tbe oansent of tbe Mort;a~or shall nlesee, reliere, or discharse the f Mortaaaor fiom the pa=mmt of aa~ of the ~s M.~rb~ secured bnt in sach ~t the Mortaa6or ahall ne~atheie~s be liabk to Wl sueh soms aooordin6 to tLe tams of snch tsteosion or modiffcations nnias spee'~f'icall~ rela~ed and discharsed in writina ' ; b~ the Mortaa6ee: and fnrthernoore, that aooeptanoe of part pa~mmt of anr imtallmmt of principal or interat, or bot6, or of ; ! part pedozmance of an~ ooreaant or dela~ for an~ period of tme ia ~a~iaa t6e option to matare the entie+e debt. ~Lall nat ~ ~ opente as a wairer of the tisht w racecnte snc6 optioa or act m snch ddanl6 P~rtial acaptanoe ar an~ wb~eqaent ddanlt E l0. ~Jntil deiaalt in t6e performanae af e6e ourmants a~ ap~eements of this M~ tbe Mortp~or ~all be mtided t ~ to collect tbe reuts. iswes. and pmiits from the premi~es haeinbeioe~e de~cribed, bac in ca~e at a deianit in an~ of the terms of ~ this a[ort~aae, or the filina of a bill w foreelose this or an~ othee mortsa~e mwmbetini tLe witLiu da~ed propert~, tbe ~ ~ Mort~ee shap immediatdy and withont notioe be wtitkd. as a matur of riaht. and withont reaard to t6e nlne of tbe p*emi~a. or sol.eac~ or ;osol.a?c~ of ehe parties, to c6e appomt~at of ~ Rexf.~er of t6e a~ort~ed propat~, both real ~nd per~onal, and i oE t6e rents. iasues and profie~ tLereof. with t6e waal powet oi Reoeiras ia wch ea~a, aad saeh Raxirer ma~ be contianed ' in posee~ion of the said P~opaq nntil tLe ti~ ot ibe We tbeieof. nadet weh forec3o~oss, aad oatil tbe oonCumatioa of wch ule b~ the Coart. Il. If foreclaeure proceedinas ahould be inetituted on aa~ mort~e inferiar to tbis mortiage or if aer foreclowre pe+o- ~ ccedin6 ia in~titated oa any lim of an~ kind, t6e aort~ee mq st its option immediatd~ or t6erafter dee4re thla mortaaae and tbe indeMednas secared 6ereb~, due and pa~ablG If t6ae is an~ ~ortaa~e wperior to t6is martaase, then 4ilare w Wl said moctaaae wl~ea dne aod in acoozdanoe Mit6 ib terms or failure to abide bp the urms of aid ~o:t;a~e shall be deemcd a breacA oE this sa~e aod tbe mo~asee at its option mt7 immediatd7 or theredter deelare tLis aso~rtp~e aad tLs in~ 6erebY seeared ie and pa~able. As~ modifkatioa ot an1 mortsaae +uPecioc w this mortp~e or wai~a of ae~ pnseipd or intaest ?aYments os an~ eote or mort6a6e aiperior w thi~ ma:taaae ~hall 6e deemed a brac6 of ths ter~s ~nd ca?mart~ oi t6i~ sort~e and the moct~aiee he~eof ma~ at its opti~ declare this mort~e aad the indebtednes iecnred Lereb~ ~e and pqabl~ ~ 12. T1ut the mailioa of a writtea notice oi demand, addree~ed to t6e o~rner of recosd of tbe mort~aced prmi~a, directed ~ to tbe aid oxav at tbe la~t addra~ actoaU~ furnL6ed to tbe l~atsa~ or dieeeted w tLs aW owses at Wd sortpsed P*'e- . mua, and aaikd br t6e Unised Sate~ s+aiM. s6a11 be sntticient eotioe and demand in a~ ca~e arjtia~ mda t6y L~ttume~t and ~ mquind b~ tbe prorisioos heteoE at b~ 4x. ~ ~ 13. 'f6at is tbe eernt the Mortp6or shoold awip~ t6e rents of t6e mortiaaed premua ot anr pa~t t6ereof wit6oat tbs ~ ooas~st of tbe Mortp~ee, t}~ea tbe eatire p~al mm ~a~d bereM ~6a11. u tbe option ~ the Moet~yee. beooae Laediste- k y dne aod p.r.Wa . 14. ?o tLe e:tea~ ef tLs iadebted~e~ ~f ~6s 3[~tpsor ~o t6s ~[ort~a~ee dereribed berab a~ ~ecnoed beieb~. tLe ltortsa~se ? is here6~ wbro=ated co t6e liea o: liau aad to ebe ri~6t~ oE the o~reen ~d `olldas thereo( of eae6 aad ereq ~sre~e, lte~ or ' otber eawsb:aaoe o~ e6e lud de~cribed 6aoL vhk6 i~ p~W and/or rtidied. ls wbob or b part, au o~ tbs Peoceed~ et t6a 1on ~ daeribed 6aeie a~ iecYred be~ebl. snd t6e rapeettre liw et aid ~o~tia~,a. lieas or ot6r ~~noe~. ~AaU be ud t~e w~e 4 ~nd ~seb oE thea 6ael~ i~ pra~ened aad sbdl pw te aod be Leld b~ tLe Noet~~ee baei~ as ~eearitp bc t5e lodebted~as to ttie ~ Jiortpic~e 6e,rSn de.cn'bed or hereb~ secared. to t~e aa~e e:teet e6at it ..ould ha.e baa pre~.ed asd .rould hrn bw p~wsd w aad beea 6eW b~ the ~[~rt~~e b~d k bea~ d~ ud re;uluy a~dpkd, tramie+red. ~et o+er ~ad delirered aato tbe Mort~'~e b! ~epante deed d assisnmeat ootwitMtandiaa tb~ :_st t6u t6e a~me ma~ be satistied aod caecdkd ot reeotd. it beins ebe iatmtiaa of tbe partia bereto tbat the s~~e wiU be s~ti~(i,d a~d uooali~d of rroad b~ the holders thereof at oc about t6e time ot t6e recordie; ot thi. Nortsa~ eo 1~ Pa~2835 . . - , a ~ ~ ; _ _ , - .