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Home My WebLink About1076 . , 'l : . ~-~,t ~ ' , , { ~ 3 t~ . ) 3. To pisn snd conYvwously keap ort the b~ildings naw or hereahe~ ~twb on ssid land ~nd on all equipment ~nd penonaily covered by thit mort~- api, with ail premiums thereon paid in ivll, firc inwrance in the uswl studard poiicy form, in a wm approved by ehe 1NpRTGAGEE, and wir~htorm inswance in ths uswl standard policy fcrm, in a wm approvad by the MORTGAGEE, in wch wmpsny w companies as the MORiGAGEE mar dinct; ~++d all fire and wincbtorm ira~xance policies on any of ssid build~nps, ~ny interest therein or Fan thereof, in the aggregate wm afaesskl o? in e~ccess thereof, shail contain the usval standsrd mortgagee clause w such otMer clauss as the Mortyapee maY rcqu'u~, makirg tFx loss ~oder said pol~ cies, each and every, paYabk to said MORTGAGEE as ib iroeresf maY appe~r, and exh ~nd every svch policy shall be promptly au:gned and delivered to sny heW by said MORTGAGEE u furthe~ security to said mortyage dcbt, and, not lesa than te~ (10) days in advance of the expiration of exh policy, fo de- live~ to said MORTGAGEE a renewal thereof, topether with a rcteipt fw the premium of suth renewal; snd there shall be no f'ue a windstorm inwrance plaad on sny of said build'ags, any interest therein ot part thercof, unless in the fo?m and with the loss psyable as afaesaid; and in tf+e event anr wm of ma~eY becanes p+yaWe under wch polity p po(icies said JNORTGAGEE shall have the optan to receive and apply the same on account of the indebte~ ness secwed hereby a a permit ~aid MpRTGAGORS to rcaeive ar~d use it a ~ny part thereof iw other purposes, without th~eb~ waivi~,g or ~mpair- inp sny tquiry, lien or right under a by virtue of this morsgage; and in ths event said MORTGAGORS shall for arry reason fail to keep the said premises so inwrad, o? f~~ w dei~~. p.«~y ~ny of said policies of ins~rance to s+id N10RTGAGEE, or fail promptly to pay fully any premium therefw or in ~ny respect f~il to pKfwen, dischargq execute, effect, complete, comply with and abide by this covenant, or sny part hereof, said MORTGAGEE may pl~oe and pay fw wch inwrance or any part thereof w~thout waiviny a affectirg s~ryr optiay lien, eqvity, w right ~nder w by vinue of this Matgage, and the full unount of each and ~v~ry wch piyme~t shall be imrnediately d~e snd payable and shatl bear interest from the date tl+ereof until paid at the ~ate of nine per centum per a~num and together with such interest shaii be secured by the lien of tha mortgage. 4. To permit, aanmit or suffer no waste, impairment w deterioration of said property or a~y parf thereof. 5. To pay all ~nd sing~lu the coats, ch~rges snd expenses, including a reasonsble attorney i fee and wsts of sbstracts of title, incurred or paid at eny time by said MORTGAGEE, because or in the eve~t of the failure on the part of the said MORTGAGOR to duly, promptly and fully perfwm, dischargq execvte, affect, complete, corr~py with and abide by each and every the stipula~ions, sgreemenn, conditions, and covenann of said promissory note and thii mortyape a~y w either, ar~d said costs, chargp and e:penses, each and every, shall be immediately due and payable; whether w not there be notice de- ~ mand, attempt to collect or wit pending; ~nd the full arraunt of e~ch snd every such paymem shall bea? interest from the date thcreof until paid at the rate of nine per centum per arnwm; and all said aosd, ch~rges and expenses 'arcvrred w paid, iogether with such interest, shall be secured by the lien of thit ~ i ~ 6. That (s) in the event of sny broach of this Mortgsge or default on the part of the MORTGAGOR, or (b) in fhe event a~y of ssid sums of moner E herein referred to be not promptty and fully paid within thirty (30) days next after the same severaNy become due and payable, without demar?d o? notice, ~ or in tFro event each and every tF+e stipulatioru, agreemenri, conditions and covenants of ssid promissory note and this rt~.ortgage any or either ue no1 ~uly, pompt~y and fully perfwmed, d~scharged, executed, effected, completed, complied with and abided by, then in either or any such event the taid greg~te wm mcntaned in ssid promissory rqte then remaini~g unpa~d, with i~terest scuued, and all moneys setured hereby, shall becort~e dus and pay- ~ aWe forthwith, or tF~esfter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were oriyinal~y stip~lsted ~ ?o be pa~d on sucA day, anything in said promiuory note or in this Mortgage to the contra?y notwithstanding; and thereupon or thereafter at the option of " said MORTGAGEE, without nor;ce or demand, wit ~t law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys sewred hereby f1~ mitWld plql to its IfrititutiOn. - 7. Th~t in the event that at the beginniny of w ~t any t~me pending any wit upon this AMrtgage, or ro fonc{osa it, or to reform tt, or to enfwp payme~t of ~ny claims he.eunde~, said Iy1pRTGAGEE shall apply to the Cou~t having jurisdiction thereof fw the appointme~t of a Receive?, wch Court sha11 forthwith ~ppoint a receirn of said mortgaged p?operty all and singvlar, includ~rg aIl and sirgutar the income, profiri, issues and revenues from whatever ~ouru derived, exh snd every of wh~ch, it beiny e:pressly undcrstood, a hereby mortgaged as if speci(ically set forth and destribed in the yrantinp a~d habendum clwses hereof, ~nd such Receiver shall have a11 the broad and effective funcnun and powen in ~nywise erKrusted _by a Cou?t to a Receivs~, and tuch appantment shalt be made by wch Court as an ~dmitted equiry and a rr~stter of absolute rigM to said JNORTGAGEE, ~nd witlwut reierence ~ to ths sdeq~apr w inadequacy of the wlut of the property mortgaged or to the wtrency or insolvency of said MORTGAGOR a the defendants, and that such renn, profia, incane, iuves and revenues shall b~ applied by such Qeceiver accwding to the lien w equiry of said MORiGAGEE and the practice of wch ~ Courf. ~ 8. To duty, promptly and fuliy p~rfwm, diuharye, execute, effcct, complete, canply with ~nd ~bide by tach and ~very the stipulatiorn„ pre~rnenq, condtions ar?d oova~anrs ~n sa~d pr«ni~sowy nMe and tha rrsort~age sct forsh. ~ 9. Th~t in eM svent th~ ownersF?ip of the mort9a~ed premises, o~ sny part the~eof, becomes vested in s perso~ othe~ thsn the AIIORTGAGOR, tFw AIIORTGAGEE, its successors and assi9rq, may, w;thout norice to the MORTGAOR, dsit with such sutcessor w wccessor in interpl wirh ref~.ence to this ~ o+w~y+~e and rhe deW hereby secured in tlk same marw~er as with Morrgagw witFaut in any way vitiatinp p dixharpirg fhe Mortya9ws' li+biliry !w~- under a upon the debt Aer~by secu.ed. No ~t~ of th~ p~em~ses hereby mor~gaged ~nd no iwbea.a~ce on tht pan of the MORTGAGEE w its successors a+uigro and no extens;on of the time fw the paymem of the debt hereby securtd yiven by the MORTGAGEf a its wueswn or au~pru, sh~ll opvat~ b~~le~se, dixh~rQe, modify chan~e or affect tM aigi~al liab;t~ty of ths MORTGAGOR herein, either in whok a in pa?t. 10. It is spec7fiully ayreed that time is of the csscnce of ~lia contract and tMt ra waiver of eny obligation hereunde~ o~ of fM oblipation se- cw~d hsr~by s1ull at ~ny tirne thettaftN M htld ro!~e ~ waiver of the terms hereo/ w of the ins~rucn~nt sacured Iwrby. I 1. In add~tion to the fwego'ng mwtthly paYmenq of ptint p~! ~nd inlerest requ~red by tMe promissory note secured here~y, mortpayot cownants and aprers to pay to mo:egay~e wirh exh montF?IY paYmcnt an ~dd~rional svm estimated by morty~yee to be eqwl b 1 J 12 of the annual cost of the tollow- 7ng: A-All real property taias kv~ed w asxesud ~g~inst the above described resl eatate. 6-Prem~ums o~ fire ~nd windstwm inwrance as herein repu~red to be un+ed o~ the improveme~b titwt~ oe~ ttw ~bove dcst?ibed premisq, C-Premiums on wch mort9spe 9uWanty inswa~Ke ss mortgagee sFyll ~ran t~me to time deem fit to tarry on the b~n secured herebr. Mw~ya~e~ ~hau from t~me to tirrk ~eotHy mo~~ypor ;n writiny of the ~moun~ due and payable hereunda~ ~nd sucfi wm shall thereupon be dw u~d Gaya~ on th~ due dare of ~h• next monthlY paYment and- each succ~ssiv~ ma+th thereaNc. vr:til mo.tp~pe+ shall not;fy morty~or of a ctw?g~ in wch ~aw~t. Such wmt sha31 b~ appt~ed by ma~yspe~ row~.d the p~ymaa of rea! p~ope.ry taxe~, inswa~ca prem:ums, ~nd mwt9+p~ puu+nh~ ieuwarw M WITNfSS EREOF. ~he iaid MORTGAGOR h~s hereunb sN hia Mad and se~l t!w day and rsar finf ~for~wid.. Sipr~. • d~ ~in pra~atro~ _ . , 1 ~ A ~ - J _ ~ _ aoo~ 175 1073 - ~ . ~ ~ ~~fit~~~ ~ _ . _ _ ~ ~~~-~.~~~:;~-~~~s~._. m~