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Home My WebLink About0090 . . ' \ ' . . . . . _ ' _ . . _ . _ . . _ . _ _ . ~ aad slull pap ol othar ~ prorided w bs paid b~ thi~ Mo~tpge. aad i6a11 periam. oompl~ rit6 and abide b~ each ~nd e~ery the ~tipulatioos. +8'ameab. ooaditioas aad oovensats of ~aid promiaoi7 aote and of tlus deed. then this deed aad t6e atate 6ereb~ created sbaU cene aad be anll end roid AND THE MORTGAGOR doa hareb~ fn~ther oorcaant aad asree as foUo.n: l. To pa~ all and sinsulu ~6e pr;ncipel and inca+e~ and otha~ snms oE ma~es wrble b~ .~ne ot e.id ~omnw~ noce aad t6is morta+se. or eit6ex. PromW17 on the daT+ rapeetirelp t6e same sererall7 caoe dna 2. To pa~ dl and sinaulu tu~es, ~semeats, lerica. liabilitie~. obliaatioas and encnmbraaca of e~a~ natais oa aid dueribed propert~. each and e~en. rrit6in tLe time speeitied in Pan~rap6 6 below. and if the same ~hall not be P~P~~ P~. the Mort~ee ma~, at aa~ time either before or dter deliaqueuc~. pq the same wit6oat waivias or dfectina t6e optiaa to iorc dose, or ~n~ riaht 6ereunder ~nd erer~ pa~mtnt ~u made ~6all bear iutera~t from t6s date thareof u tLe rats oi 10 peromt per annum. 3. To keep the buildinas nox or 6erea[tec ou iaid laod and tl~e futnres and perional propat~ thcreia oontained insured. ia a compan~ or compania approred b~ tLe mort6aaee, a6aiast loes b~ fire and rrindsto~m. fae t6e hia6at inarable ~alne w t6at the mortgagee's interest is not subject to co-in.wraacc, and the polic~ or polic~s sLall be Leld b~ and be parable to said aa~tsa6ee, aad the mortaaeee ahall have tLe optioe w reeeire aed aPP~7 ~ W7ment on aooount of tLe indeMednas 6ee~eb~ seeure.d. or pe~mit t6e mortaaaor b raoeire or use it, or aa~ part thereof. fo~ an~ pmposu witbout tMreb~ nai~ or im- pairins the eqnitr. llen or riaht mder and b~ tirtue of t6is mortaase md msr plaoe and par for sncL inaunace or an7 Wrt thereof r?it6oat wai~ins or aEfcetin6 t6e option to forpcla~e or aoy ria6t 6ereunder, and each wch parment shall bear interest imm date at t6e nte of 10 peroeat per aanom. 4. To pamit, oommit. or snfter no ~ra~te, impaizment, abandonmeat, or dderioration oi aaid properq. a~ an~ part there- of, aod upon t6e failare of t6e Mat~ w kxp the buildinas and persoaal propeatp on aaid prope~t~ in ~ood oondition or re- pair, the Mortsaaee ma~ demand t6e immediate repair of said pmpertp. or an incnase in tl~e amonnt of securit~, or the im- mediate repqmeat of t6e debt hereb~ iecnred, and the failnre of t6e 11ton~ w oompl7 rrit~ said demaad of tbe Mortaa6ee for a period of 15 daps. ahall aomtitnte a breach af thia Mort~e, and at tLe option of the Mort6a6ee, immediat~f munre the mdre amount of prineipal and intee+at heneb~ sxnnd, and t6e Mortga~, immediatd~ and rrithont aotioe, mq inatimu pmceedin~ w foreelaQe thie Mort~e and aPPl7 for the appointmeot of a Reoei~er. as haeinafter pmrided. - 5. To perlorm. ooanpl~ whh and abide b~ e~ch and ereq t6e atipnl+tions. a~eement+s. oonditioos. and ooreaants in said ~ t promi~eor~ note and dad set forth. G To deliver to t6e Mort;aae~ oa or before Febinar~ 1 of each ~ear. wc reoeipes e~idmcing the pa7ment of all Lwfall~ impaed taxa nPw? 1Le mo~aged Propat7 for the pra~edma ukndar ~ear: to dcliver to the Mortssace reoeiPts enideacins t6e P~7mmes of all lims for pnblic impro~ements within Ninet~ (90) days aher the aame aLall ~eoo~e doe and Parible. aad to P~7 or dixharae witl~a? Ninehr (90) da~s afker dae date, a~r and all 6o.ammatd leriea tbat ms~ be made au the maat~aed i Propeity. on tbls Mo~tsa~e er note or in aar ot6er wa~ reeiulti~ f:~oe~ tbe mott;a~e indebtednees securtd 6~ thb Mort6a6e. To pa,~.all and sin~ni~r tLe evw. ch+raa. and e~?ewes. iaclndin~ la~rrer's taa. ~7 inearrod or paid at an~ tins b~ the M~eq, becawe af tbe laiinrt of tha Mv~t~sor w pecto~s. .oonapl7. with aad abide 6~ ach and e~ tbe euP~- Ltioo~. a~eann?b. opaditiaa asd co+enub o# ~aid piomiwor! aots ~ad t6is decd. ~r . eithnr. and drei7 ~ P~7~ ~ be~r inta~at irov due ~t tLe nte o[ l0 P~oen~ Per ~nn~. . . 8. 1'6~t it a~ actaw : or ~ pcoo~edwa, ~LaII be oo~orenoed M+n7 Paswt othar tLan . tbe Dolder of t6is, aort~e (~P~ an action W forocleee this mortsaae; ar to oolkct the debt secared theneb~) to whi~ action. or proaedina, ~ tlie 6older ai thie mort~e it made a~part~. o~ in ~rhicL h ahall beooms Aecaar~ to de#ead. or nphdd. tLe liea of tLis mat~age. ~il ~w paid by t6e holtiet oi this mortg,a~e ior the e:peose of an~ lit~uwn to prosecnte. a~ ddend. the rishts and lima creatui b~ thi~ mo~tiste Gnclndina reasombk oounsd fees), shsll be paid ~r~tLe Ma~tp~nr..tPB~haT, w;th ~ta~at.the~+eon, at_tha rate of 10 percmt per nmmn, and an~ wch sam, and tbe intereat thueon. aball be a clam~ npon aaid premiees, and sball lie deemed w 6e seenred br thie martNge. T6e aams paid b~ or incurced M the ~lder henof in acca:dauce wit6 t6e tanQS of this ParagraPb• ahdl be paid b~ ebe Mortaa~pr nnw che' Lolder heceof ,.ithia ~irq (30) dqs. and tbe fa~are or omiqaipn of tbe Mortgrsor so to do a6s1t entitk tLe biost~pe to add mch spms,o~ tLe pri~ipal 6?dcbtedu~ aE tbis mort~e and tbe,note ic secons. ~nd/or u its - option daslu+e tl~s mort~s and t~s note.it ~pcara to be.in defwlt.:tba~~uPa? a~apurins ~II af tLe nnpaid iadebtedneas inciad:u~6 i the sums adnnced haramder. . • . ~ 9. That no e:tenaion of t6e time or modi~ication of the terna oE pa7ment Lereinabove, and no releaee of an~ part or puts I ~ of the mart6a~ed Premisea. e~ea thonah made withont the conseat of t6e Mortgagor a6all :dease, relie*e. or diacharae the i Mortaagor fmm the paymmt of an~ of tbe wa~s hercbT eecared bat in anch eva~t tLe Mortaa6or ahall nevectLelea~ be liable to j = P=7 sac6 s~s accordin6 w the tams of anch e:teasion or modiGcations anless apeci6call~ releaxd and disc6arsed in writing ~ i b~ the Mor~a6ee; and incthermore, that acceQtanoc of put pa~mmt of aap in~tallmeat of principal or intereet, ~ both, or of ~ - P~ P~ormance of an~ ooFinant or dday for ans period of t~e in aercieiaa the option to mature tLe mtirs debt, sball not • E operate u a waiver of the riaht to ezecute anch option or act m auch detanlt, partial acoeptance or an~ wbeqae.at default ~ ~ 10. ~JnW defanlt in the pafoimanoe of the oo~enanta and agrammts of this Mort~e, ehe Mort~or aLall be entided w collect the reat+. i~euea, and pmfits from the premixs heninbefore dexribed, bnt in case of a defanlt in m~ of the terms of ~ this Moctasae, or t6e filin6 of a bill w foreclox t6is or an~ othar mortga~e encnmberin~ the within described propert7. the g Mortgaaee ahall immediuel~ and withont notice be entided, as a mauer of right, and witboat regud to the ~alae of the premises, ~ - or sot~cac~ or insol~c~ of the partics. to tLe appointment of a Receirer of the mortaaged pmpart~, both real and personal, and t oE t6e rents. issuea and profits thereof. vrith t6e nand power of Reoeivers in saeh caaea, md sach Recei~er ma~ be continned ~ m poeeasion of the said property until the time of t6e sale thereof, nnder such foteclosare, and mt7 tLe oonf'umacion of sncb eale b~ the Court. < - 11. If forecla~sane proeeedia~s s6onld be Lutitnted on w~ mortgage iaferior to this mortgage or if an~ foreclos~u~e pro- eeedins is institnted on aa~ lien of an~ kind tLe mortaagee may at its option immediatel~ at therafter declare this martgaae t and t6e indebtedneas secared 6ereb~, dae and pa~abla If t6ere is an~ aartgaae snpecior w this mortaase, thea failnre to Pa7 ~ wid mort;aga whm dne and in acoord~nx witb its terms or tilure to abide b~r the ceims ~ asid moitaa~e ~hall be deemed a breach of t6ii•mortaaae a~ tbe mortda~ee u ies option ma~ immcdiatd~ or thereafter declue this mortaaae and tbe indebtedne~s ~ bueb~r ~ecared dae and pa~aWa A~ modiGcation of an~ mortaaae wperior to t6is mort~e or wai~a of an~ principal or intaest ~ ps~ments on aa~ note or mortaa;e ~aperior w this mort~a~e s6a11 be deemed a breac6 of thn tams and oaveaanu of thia mortsage ~ ~ and t6e so:t;a;ee ba~eof ma~ at its option declue th» mo~taage and the indebtedne~ aecared La~eb~ dne and pa~abla ~ soet~a{~ed Prmi'es. directed ~ 12 1'6at tbe mailioa of a wrimm ~vtioe oi dnn~nd, addrea~ed to the owner of :eoord of tbe W tbe aaid ownes at the LR addr~ ~etual}~ fan~i~ed to tbC Moct6aaee. at direded to the aid ownsz at nid mon~d pre- mf~a~. and m+u'kd b7 the United States mail6 s6aq be snft'icieat notioe and demaAd in aa~ ca~e ~ ander this iwtrumwt wd reqn;red b~ t6e pro~sions ha+eof a bj law. ~ _ ~ L1. rl'hat in tbe e+ent the Mo~aaor ahoald asaian the rmta of the mortaa6ed premisa or aa~ part thereoi ~?it6out the ' ~ conieat ot the Mortpsee. thea t6e eatire principaf wm ~ecarod hereb~ ~hall, at tbe option oi t6e ~~ee, become immediati~ ~ 1~ dne and parabk. ~ ~ ~ da x hee+eb~. the Meresaeee ~ 1~L To tkE e:ant of tLs iadebwaVaw ~t tbs b[~rtp~or ~o eLe Yartaa~ee da~xiibed bereis er ~ee~ned ~ is 6aeb~ a~btopted w the lien or liGqs ~wd to t6e risht+ oi tLe o~raecs ~ad hddas tMxeof of ach and eee~ mortsa~a, liea or other ~-ot tre 1~ad dacr~ed Lain rrhich b p~id wd/oc ntiaGed. ie w6de or m pact, oat of ehe praoeeib oi t6e Iwo ~ - d~ed brseio, 1~ec+ebf. aed tLe ra~pectlre lims d~aid aort~a~a~. lims or otha ~mbr+noes. ~ball be aad tbe aame aad a~ o! t~ ~Iw~±rb~i~ pwned aod ~Il pns to a'd bs held 6~ tLe Lereio as,MCariq for_tbe iodvitedoew to tLe_ ~ Mortsaaee 6ee~ae de~a~ oe Le~~eb~ ~eeae~ed, to tLe sama ateat t~at_& woold~bea?~pr~erred and waaW 6a~e beat p~iai te - ana bee. iel~ i~ aa ~rt~es 6.a h beea aol~, ana r~ularl~ ..~ea, tran.terred. .a ow .Aa ael;.eroa m?w ~e Mata+e•• hr ~ mq be satidicd and caneelled of reootd. it bdn6 tbe iateetioa ~ ~eparate deed ot sasipeeat notwit6~t~ndiaa tLe iact that tbe same 4 oi ebe part-i(e~- Lh-e-rats that the same xill be auistyd Nt~ c~!od~ a~ev~d; bs tLe Lolden thaeoE u or about the time ot ehe ~ F-• . ~ {~l~ ' ~ V ~ 4 J ~ ~ ~G~K PaCE f ~.4 ~ ~ P~CE ~ ~ ~ ~'z~. 60GK ~ , . . r , . . , . : _ X _ . _ . _ - . f _1__ . - . _ ~ ~ ~ , _ - , ~ ~ ~ a .e~ ~ as%c.~~,^~r~ ae ~ N~,~.~ ~ a - ~ ~~h,,.