HomeMy WebLinkAbout1407Our file 5-18, 47?
MurttaRor Iw e~ewt of foreclwttte wf tha u.wrlaaRe w other uaatfer t>t title is the wsrrartted propertl tw •auwaor~1ewr ..f tM ,wd-M
edwew aerured -ereAr, oll riRitt, title awd rntereN of the Morttepet iw earl to awf iMtlraMe polirtes tlNw iw Iwn• .poll {rs•. tw tin
punhaae- ur grantee
1-t T•. perfonw, rewplt with cad •-tde fit earls awd every the etipalNisar, atarseweNS, eowditiows owd rwveMwa rw aa.d prorwrwry
none awd rw netts dted eN fattA.
1 i 1 That i! oa>• of rid ornate of twoMt -eretw referred is k aft prsnptlr awd tally paid witltiw fltt.•••w Mfr Mat
otter tl.r wtwe aeverallt berow~wt dtte anJ potable, K it sac` awd evert !M alyalNiowa, oareetwewta, rowdtti.wa awd rwvenowts of wtd
yrotnttrory vote .sd this deed, w either, nre nN falls per/t>t.weJ. ew~wpiisd wit- awd abided hy, t-e acid o~repte auw tnrwtruwed tw
vrJ proa-uaory wNe a\oll heroate .tae owd pa>r•-le tsrihwit\ K thereafter N the option d the NortttoRes w frllr •w.l , wwplNelr M
rf the roil oRRrrpte stow of .aid prwniaaory note war sriRiwoll~ atipalNed to be o.id ow etwh ds). owytltiwff iw acid protwtaNry note
,.r Irereiw Is rtte rsMrort walwttltatandrnR.
t j t That rn order t• orrelerate the trrattrritt st the iwde-tedwear Itere-f oecwed, (rreotue wl the fsilttte of the NsAtteRor to N7 ry
tai, aaar.a+,..wt, lia6ilitr, o-IiRatiow wr •arwwbrawre tryww wed prepertf. N htreia y-w~tded, it shot! ant k Mrewry or ngttune shot
tlrr wort :sent shot! hrN Pr7 the ouae.
~. The :11urtGaGee may. at hu optical, sad without waiving~ Itiw tiGht to accelerate the indebtedness hereby
secured and to foreclose the same. pay either before or after tleliaqueacy an or all of (hose certain odliKatioaa
required by the terms hereof to be paid by the Mort6aaaotr for the protection of the nroriGaGe security or for the wllee-
tion of the indebtedness hereby secured. All autos so advatttxd or paid by the NtutGaGee that! be charted into the
tnortRaRc account sad become as integral parr thereof. wbject is all respecu to the ternu, conditions, and oovenanta
of the afordaid ppromissory note. and this mortGs a• folly and to the same ~xte•nt as though a prrt of tht' t.riRinal
itrtirbtedrtrw ~videttcrtl by said note and secured br this mort6a6e, e~ceptin6 hutrearr. that .aid num. shall Itr r~paitl
the lllortGaGec forthwith upon its detttaad and be is addition to the nGular ntoathly installments provirl~tl h~ the
uutrlRaRe note.
3. That the abstract or aburacb of title ooverinG the mortGaGed property stns!! at all times, during the life* of
thin rttortGaGe, rrrnaia in possession of the titurlGaGee sad is event of the foreclowure of this ntortGaGe or .rtht•r transfrr
of title to tlrs' ntortGaGed property err extirrGuishment of the indebtedne.s secured hereby, all right, titles and interest
of the ~lortGaGor is and to any stack abstracts ai title shall pans to the pttrshaaer or Granter.
4. 7 o the extent of the indebtedness of the MortGsGor to the MortGaGee drscrihcd herein a-r secured hereby.
the !11onGaGre is hereby subroGated to the lice or linos and to the riGhts of the owners and holders thereof of each
sad curry nrortGYGe, lien or other encumbrance on the land described herein which is paid and/ur satisfied, is whole
or is part, out of the praeeeds of the Ina described hernia or secured hereby. aatl the respective liens of said mort-
Gates. teem or other incumbratroes, shall be sad the soot sad each of them hereby is Itreaerved and shall ppass to sad
Ire held by tlte• MortGaGee herein as security for the itt-debtedaess to thr 111oriRa free herein dr«•ribed nr hereby secured,
to the same extent that it would have been preserved sad would have been passed to and been held by the 41oriGaRee
Itad it hcvn duly and reGularly ariGned, transferred, set otter, acrd delivered unto the MortGaGee b~ scltarate deed of
aiwiGtttttent, notwithstaadinG the fact that the same stay be satisfied and cancelled o! record, i1 beinG the intention of the
lrartics hereto that the saarr will be satisfied sad cateelled of record by the holders theretrf at or about the time of
the rrt•trnlinR t-f this moriGaae.
S. In tern event the ownership of the mortGaGed premiers, or any part thereof. bccomrs vested in a person other
than tltc ~It.rtRaGor, the llurtGagee may, without notice to dte MortGaGor, deal with wch weceswr or •ueeesson in
interest with reference to this deed and the debt hereby set:ured. in tlrr .ante manner as with thv ~1artRaRor without
in arty way vitiating or discirarGinG tltr MoriGaGotr s liability hereunder or upon the debt hereby a'rured. Flo sale of
the irrrntitta• hereby nrort66aeed amt ao forbearance on the part of the '.liortGaGce. and no extension ..f thr time for tht'
i.aynt~ut of tltr debt hrrrby secrttrd divert by the MortGaGse shall operate to rrlcaae. discltarRe, modify, change or aReet
tlx original liabilit~• of the MortGaGor betters either is wbek ax in part.
b. '1'It. lien of this dyed secures and shall eoatiaae to seeun payn-ent of said iadebtednes. or indebtedness.
Itowvver ~vitlrncrd, whether by said promissory note or a~ renewal or cxtenaion thereof or subatituty thrrrfor, or
otlr'rwise, until all such imlebtedaess shall have been tulle paid.
7. /er -hr r;•r•nf llrr• mr,r-l~m~ure erll...rut~r~• rnr frnns/rr Ihr rnnrf~n~rrl ~trrmicn drn-n~ fhr le(e• •~I t/n. ~~+••.' •.r_,•_
flrPtt llrn rnnrl~n~~ chi~ll.nf 1/r~ union o) 1/-~ AtnrlGnCrr• hrri~u. hrrnmr• irr--n~rhnlrly dun rtrul jx,yr.Gle Im- f/-~ lull .a•~r ~•f
flrr ~irrrr. ~p.r/ ~~nlnnr~ trod tulr•rr•sf llt~n dttc.
8. Thr• terms °MortGaGoi ' and "MortGaGee" whenever rued in this instrument shall include the brio, perwnal
rrlrrra••ntati.cs, successor and assigns of the respective parties hereto. ~Itt'rever used the sioRrrlar number shall include
tlrr plural and the plural the ainGular, and the use of any Gender shall include all ~enden.
Si d, scaled and delivered in the presence IStint.)
(Sent)
- -.~_--
STATE OF Fln:t1UA ss /~
COUNTY OF ~
3T. IaUCIE ~yyy gw 3PAlaLES and BETTY d~ SP/1HLILER, 8i.a Mite
Before ttx penonallr appeared
to rwe well known and Icaowa to tae to be the iadividuab described in and who etteeuted the foreitoiaG itastrumeat, sad
aekaowledRed before ore that they a:eeuted the same for the purpwes thereita exprtessed. WtTtiF.S~ my hand sad
stets! seal is the Couoq and Stste last aforesaid this ! "' Day o1' ~t~t~9.
Mr Cotnnrisrioo E:pints: d>i~_~~3~, 1~71~D T~Iotary Pulrlie,,tate of
F1LED ~ , ~4.,P,
~y• `u~nACOVti?~ FO
i 2a; 1
~p~ l
..:.~.. COUR
CLt= FY. C;RCUIj
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BOOK 179 ~cE 14G6
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