HomeMy WebLinkAbout2053 Our f il'e 5-1?, 287
N•rtN~. le e.ewt ~ fKetl«ure y/ ~bi. u~enR~~ w~lber Ir~/p ~l litie 1~ tlee ~w~e1R~Red ~.pe~tr ~.1~nR~i~hn~.e~ ..f ~M ~n~MM•
edn~,..ec~.ed ?e~esy. ~1) ri~1. li~l~ ~ad ~x~~tcN ~t IIK M~et~ytK iA ~1 t~ My i~w~~wce Mi~~iN Ilws iw f~n• ~hdl pw ~M
puKtwe~ ~r u~lse
1\1 T.~ ~etf~nw. e~wpl~ ~itl~ a~J didr e~ ~w~ everyr tl~e rti~INi~w~. ~~rs~a~e~u. ~~i~i~M ~wd ~qv~e~nu ~w Nu1 pr~~mw1~
nN~ ~ml ~w t?i~ Jlt~ ~e1 IN1A.
lil Ti?u if a~ d wi~ ~ww d A~wey kreiw nte*~ 1~ M w~t ~t+w~tl) aw~ (r11y ~ vi~iiw f11t.•.•n ~1~ ~a~
at~er ~hr wu~e ~eve~~ll~ bee«na dre u~d ~)abk. K it aci~ tveqr t~s Niwla~i~ ~~~eewewu. r«wdu~w~ •ed re~~~Nnu ~f w~d
yrani~~ry wele NJ t?i~ deed. K ~i~he~. Ke nN tYllf ~e~(~rnd. c+w~1i~ ~+it~ u~d abidsJ ay. ~e wi~ ~I{It~eln~• m•ntiuwrJ ~w
.~iJ p~unu~ory w«e dall becwne Jw and Nf~lt f~aili~ K thete~I~e~ tAe up~i~w .t d~e V~~~It~Ree w t~lly •n~i .wn~~I?I~Ir Y
~f the wi~ ~~e~e ~u~u d r~id ~waiwKr w~t~ ~a~ Ki~iwliy NiwiNd 1~ L? aid ~w wrA awylhiwR iw ~a~d p~wuw~ ~Ne
or hereia 1~ Ihe ~eatruy w«withNsnd~nR.
~ j i Th~~ ~n ~t~c~ ~crelsh~~ tl~e o~Mrtitr ~ tlK i~e?IS~we~ bere?~ ~scwe~. bec~we r/ d~e I~il~re ~I ~l~e M~etp~tK p~1 u1
t.~. ~Nf?~Ii~rAl~ lia~ili~r. ~?li~i~w •r ew~wnb~ame ~r.w ~sia ~Mert~. M Aeteiw yr~viJrd, it ~11 a~ be n'~ewr~ K~.quuu~ ~I~st
fl~r u~0~'IC~R« ~I) 11fN tM ~N~t.
2. Tl~e Ntortsasee maY. at 6ia optioe. md withovt waiv?'a~ lu~ ri6ht to acoelerate the ipdebteJoew ~~ebr
secured aod to (oe~eclwe the ~awk. pay eitbee bel~e ot after deliaquewc~ oay or all uf thwe cert~in ubliRatioo~
reqwn:d by ~t~e ~erwa Ike~oi to be psid by ~6~e Mo~t~a~ tor t6e protectioa of the iuortaaEc security or !or the collec-
tioa o( the ~~?debtedneM herebr ~ecurad. AU wmr w advasoed or paid by the Mostaa~e rhall be char~eJ iato the
~nortRaRe account aod become aa iate6ral part d~ereof. subjeet ia aU rc+pceu to t6e term~, conditions, and cov~nant~
of ~he atocwid praniMOry aote. snd this ato~t~a~e. a~ idlr aad to tbe ~a~e citeat u thou6h ~ pr~t of the .~~iRip~l
~~~~~rbt~d.K.. ~.~a~~1 by said Qa~ ~a .~~,~a er e~. ~s.~, e~ceptin6 huwe~er. that ~aid MUMM ~hall br r~paid
the 111ortRasee forthwith upon it~ de~uand aad be io addiuon to the n6ula~ moothlY iostallments pmviJed hy the
~uurtRaRe noi~.
3. Th~t il~e abrtract or abNrsets of titk eoveriaa tbe ~nort6a~e+1 propeny sl~all at yll timay durioR the lile of
thi~ ~nortRa6e. remain in pw~ewoa oi the Murt6a6te aad ia eveat o~ the foreclasure of thi~ mor~Ra6e or .~th~r trander
of title to the mortRs~ed property in extin6uishmeat of t6e indebtedne.s+ ~ecue+ed herrby. all riRht, titl~ anJ iaterest
of the lllortRa6or io and to aay wch abiracta af titk shall pas~ to the pnreha~er or 6natcr.
4. 7 o the e~teat o~ the indebtedneM o[ ihe Mo~or ta ihe Mortaasee de~cril~! herein or ~ecured hereby.
the !1lortga6re i~ hereb~ wbro~ated to the liea o~ Gea~ aad to the ri~hb o~ tl~c o~.oen an~! holdera thereof of earh
aad erecy tuort6~e. licn or other incumbraooe on t!k 4ad dacribe~l hereia which i• paid ~~J/or ~ati~6eJ. in wholr
or iu p~rl, out o[ the proceed~ of t6e loao de~eribed 6ee~eio o~ ~ecund hereb). and the respective lieo,~ ut ~aid ~nort-
RaRa. lie.n~ or other iacuinbranou. ahall be aad tbe s~me a~d each of thcm hereb~ i~ ~.resrrved snJ shall pa~s tu and
be held b~ t6e MortRsaee herein u~eeuritr for tl~e indebtedne~ to the MortRa~pee herein dc..•ribed or herebv ~eeured.
to tl~e w~ne e:tent that it Moul~l 6ave heen pre~erved and wonld 6ave heen to aad been held by the !NortRaRee
I~ad it I~eeo dul~ snd reRularl~ awRned. traaferred, ~et orar. and deli~e uuto the Mort~aRee by se~~arate deed of
~~wiRmnen~ not~. ith~tawdia6 tl~e fact that ihr sa~nt mar be a~tis6ed and cancelkd ot' record. it bein~ the intention of the
~~artiee l~ereto that tl~e sam~ will be aatisfied aad ca~oelled of record b~ the liolderr ther+e~f at or about the tin~e of
Ihr rrn~nlinR ~d this ~nort~e.
S. In tix event the ownenhip oi the mort6a6e.d pnxni~, or any part ti~ereof. becomes vt~ted in a p~nun ~~ther
than tl~ ~iort~sKor. thc ~1urtRaKec may. withoat aotice to the Mort6a6or. deal with ~uch succes~or ~~r •ucc~r..n in
i~~terert Mith referenee to ihi~ deed aad the debt henb~ ~ecueed. in tlx ~ame maaner as Mit{~ t6~ *1urtRaRor ~rithout
in an~ war ~itiatin~ or di~e6arypaR the MortRaRor'~ liability Lereunder or upoa the debt hertby secured. No sak of
t1K prrn~ieex lue~eb • mort 6a6ed atKl no forbesranoe on tbe p~rt af the ~1ortRaRce. and no extetu~ion of th~ time for the
~~aym~nt of ib~ de~t hrrcb~ ~~red Rivea br the Mort~s~ee d~a11 operate to relea~e. di+cl~arRe. m«lii~~, ch~n~e or alFeet
the ori~inal liabilit~• of the NMtRa~or lkrein either ia whale er ia paet.
'I'1~~ lien of thi~ Jeed ~ecures and J~all uo~tiane to ~ecure pstymeat of ~aid iadebtednc~. or indebtedoeaa,
I~ow~aer evidenced, ahether by wid promiMOrp aote or asy renewal or e:ten~ion thereo~ or sub~titutc th~rrfor, or
otl~erwisc, nntil all we6 iedebtedneas Mhdl have beee (ull~ paid.
7. !n thr ri~rnl ll?r mnrlGn~i~r.t srll, ~nrmr~~ r~r hans~tr ~hr ?nor~gn~Pd p~~miscs du~in~ flu~ li~r rl~e.~ ~~r~~~~ ~r.
I'r rl~~n llr,. ~nnrf,rn~i cl~nll. nl Nr~ urlfn» o/ N+~ ~lfnrtRng~e hn~rn. l,r~nmt inurr~~tiRlrl~ du~ n~ld pnyaLle fm~ U?~ f?il: .r,~~~ .
i Ihr r~~r~, ~~~nl '•,ilnn~r nnd ~rN~~~s[ lhtn duc.
f
' 8. Th.~ term~ "Mortga~or ' and "Mort6a~ee" ~vl~eserer u~ed in this iaatru~ntnt rl~all i~cluJe Ihe hrira. p~t~onal
~ er~~rr«•ntati~~ee, sueora~on and a~sipM ~f the respeetivt p~Aie~ hereto. ~lher~ever u~ed the ~inRul~r nymFKr ~hall includr
the plural and the plural t1~e ~ia6ular. and the u~e of any ~pender ahall intlude al) ~enden~.
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Si d. ~esle.l nd 1 ercd i the rc~ence of: ~ ~ (q ~l
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STATE OF FU1:t1UA ~
coUN'['Y oF 6Y~ " GS08G$ T. YILLIAMS and JTAB ABESC80lIBIE '
ST. LIICIS {~dILI,IAM3, hi8 {~lila ~
Hefore ~ae persoeallr appeared
t~ w~e ~+tll knows •nd icnorvo to we te be the iadividdab daeribea in and who e:etuted d~e ~oK~toiaR in~trumen~ aad
ackao.~?IedRed b.tore me th~t ther eseeu~ed the ww~e for the purpu.e. tl~ereia e:pre~.ed. WITtiF.~~ n+~ h~na aad
~ o~ieial ~eal ~a ti~e Counry aod St~te last a(oer~aid tlw 1 Atr jI~ Or 8 m r~ 19~
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M~ Co+s+n~iwiee E:p~n.: JL1IIA ~Q* 1~~1 l~et~ry P~biie. St~te ,
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eo~~i74 P~2448