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Home My WebLink About1378 • ~ ~j~OGBTHHR WI~H all additions, replacements and im~r~vements to aAy of the i forcgoiag, and all and singulur the teagaents, hereditaaienta and ~ppurtenances ~ ~ thereto belonging, and Lhe reats, iasuea and profits thereof, and slso ~11 th~: ~sCate, right, title, intereat, hanestead, nower, separate eetate, possession, claim and demand wh.~tsoever, as vell in law a8 in equity, of the eaid Mortgagor in and to thQ mortgaged property aud every part thereof with tt~e appurtenances, specifically including all rights and equities of redemption, all of which arc hereby eapressly waived. (AlI of the foregoiug, whether coasisting entirely of real property or entirely of chattels, or of both real property and ct?attels, , ia herein for c~venience called the 'lmortgaged property"). i t TO NAVB AND 7.'0 HOLD the said mortgaged property and every part thereof ~ unto the Mortgagec forever. PROVIDBD AI3~lAYS, and this mortgsge is on the express coadition, that if ~ the Mortgagor shall pay or cause to be psid all of the moneys mentioned in eaid ''Obligation" and the interest thereon, all at the times and in tho manner as therein agreed to be paid, accordiag to the true intent and meaning thereof, ~nd shall pay all other s~ns provided to be paid by this morLgage, and shall perform and abide by al.l the covenante and agreements herein and in said E "~ligation" contained, then these presents shall be void and the estatc herc- in and hereby granted shall cease and determine. : t AND SAID 1~i0~tTGAit',OR dces hereby covecuxnt with the Mortgagee that said Mortgugor, at tho time of ex~ecutioa and deliverq of these presents, is the ubsolute awner of and in pas session of said mortgaged property; that he has a good right, full power and lawful authority to conv~y the same in tha manner and form herein set forth; that eaid property is free and clear of all liens of whatever nature, except as apecifically mentioned herein, and Mortgagor fully warrants the title to said property and will defend the same againat all lawful claims und demanda except from the warranties contained in the encua- brances herein specifically set forth. . AND THB MQBTGAGOR does hereby further covenant, pranise and agree with the Mortgagee, its successors and assigas, as follows: : . , 1. l~brtgagor Will not cocmit aay waste, or weaken or i~air the secu- rity of this mortgage; will pay, prior to deliaquency, sll taxas and ~asessmcnL~r levied or iaposed on said prvpezty; will keep the nartgaged property insured in saah mnnner and in such amouats as Mortgagee r.~y require; and will not rewove any chattele, if included in this mort~age, froa the premises where they ~re now situated, vithout Mortgagee's written consent. . 3 2. 7~a the event of suit to foreclose thia mortgage, Mortgagee shall be ~ ; entitled, as a matter of right, without regard to the value of the mortgaged ~ E property or to the solvency of l~rtgagor, and without notice, to the appoint- ~ ~ ment of a Rsceiver of the mertgaged propertq and the income and profits ~ E thereof. + ~ 3. In the event of Mortgagor'a failure to pay ta~es, or to k~eep the ~ ~ prec?ises inaured as required, Mortgngee may, at its optioa, but is not required ~ ~ to, make such payc~ents, and the sums so advanced ah.111 be repaid by Mortgagor ~ with interest as provided in the "Obligation", and said sums ao paid by the ~ Mortgagee shall be secured by this mortgage. ~ ~ 4. In the event of any default in the terms of the "Obligution" or this ~ nortgage, Mortgagee nay, at its option, declare the whole indebtedaess aecured ~ thereby to be imr~edi.1tely due and payable. ~ _ ~ S. Th~t no extension or nodification of the payoents to be~r~dc as hereinabove set forth, and no release of any p3rt or parts of the r~ortgaged praperty, or of other collateral securing the above-described indebtedness, ~ even though mde Without consent of the Kortgas~or, sha12 release, relieve, or ~ discharge the I~fortgagor fron the payflent of a~; sur~s hereby secured, and s° Mortgagee shall have the right to release fron the lien hereof any portion or ~ portions of the mdttgaged property, or other collateral held as security for ~ said indebtednesa, irrespective of thQ value of the released portion, without ~ affecting the lien hereof as to the portion or rartioas not released; notwith- ~ standing the fact that such releasc'or releases nay De nade ~ithouC'knawledge ~ or consent of the Mort~agor, or of any Grantee or GYantees of portions of such property theretofore sold. ~ ~ 6. This nortgage nay be forcclosed by the nortgagee in accordancc with ~ either State or Federal la~ in force at the tirae auch foreclosure is ineti- ; ~ tuted. ~ i~ 1 ~ ~ • o Rx~ ~g ~~~E1 ; ~ 600 - , ; ~ = z , k~ ~s?° ~ - . _J. _ , . _ . '~..s.;"~