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Home My WebLink About2915 3. To pla:e and cominuously keep on the build~ng~ now or hereafte~ iituate on sa~d land and on all equip~nent and personalty covered by this matg- ege, with sll premiums thereon pa~d in full, lire insu~ance in the usual sta~xlard policy (orm, in a sum approved by thr MORtGAGEE, and windstorm insurance in 1he us~at s~andard pol~cy form, in a sum approved by 1he MORTGAGEE, in ~uch co~npany o~ canpan~es as the MORTGAGEE may diretl; a~d aii lue and windstorm insurance po~~cies o~ any of said Iwild~n~s, any interest therein or pa~t therrol, i~ the agg~egare sum aforesaid or in exceas Ihereof, shall cootain the usual standard matgagee dause o? such o~her clause as the Mortgagee rm+y .equae, maAing the loss undrr ia~d poti- cies, each and every, payable to said MORTGAGEE as in interest may appear, and each and every such poiicy sF,all tx promptly ass gned and del~vered to any held by said MORTGAGEE as further secv~ity to said mo~tgage debt, and, not less than 1en (10) days in ad~ance of the expira~ron ol each poiity, to dr liver to said MORTGAGEE a rcnewal thereof, togetne~ wun a rece~pt for the premium of such renewal; and there shall be no f~re or winds~onn insurance placed on any of said bvildings, any interest therein or pa+1 thereoF, unless in the (orm and witi~ the la:s payabte as afwesa~d; and in the eYen~ any :um of money becomes payable uodtr such"poliq w polKies sa~d MORTGAGEE shall have the opt~on ~o recerve and apply the same an accoun~ of the indabted- ness secured hereby w ro permit said MORTGAGORS to receive and use it w any pa~~ ~he~eof ior otner Hur~,oses, c.~N,o~t ih~+~u~ ~va~w~.~9 or unPe~r- ing any equity, lie~ w right under w by virtue of this mo:tgage; and in the event sa~d MORTGAGORS sh~ll for any reason iail to keep the sa~d p~emises so iniured, w fail fo deliver promptly sny of said policies of insurance to said MORTGAGEE, or fail promptly fo pay iu11y any prem~~m thcreiw or in a~y respect (ail lo pe~fwm, discharge, execute, effect, complete, comp~y wi~h and abide by this cove~~nt, a any part hereof, said MORTGAGEE may place and pay fw suth insurance ot any part thereof without waiving or affeding any option, lien, equity, or r~ght under or by virtue of this Matgage, and the full amount of each and erery such paymenl shall be immediately due and payable and shall bear interes~ from the date thereof until paid a1 the rate o1 nine per centum per annwn and to~ether with such inrerest shall be secured by Ihe lie~ 01 1h~s mwtgage. 1. To permi~, commit w suffer ~o waste, impairnxnt o~ deterioration oi said propar;~ ~r any part thereof. S. To pay all and singular :.^~fs, tharges and expe~ses, includ~ng a reasonable attwney's fee and costs ot abst~ac?s o( title, incurred or paid at nny time by said MORTGAGfE, because w in the evenf of the ~ailure on the par~ oF the said MORTGAGOR to du~y, promptly and fvlly perform, d~sct~arqe. execute, eEfect, complete, comply w~th and ab:de by each and every the stipuianons, agreemeots, condit~ons, and covenants of said pro~russory note and ih~s mortgage any o? eiiher, and said costs, cha~ges ano expenzes, each and every, shali be immrd~a~ety due and payable; whether or not ihere be not~ce dr mand, attempt to collecf or suit pend~~*g; and the full amount of each and every such payment shalt bear interesf from the date thereof until paid at tht r~re oF n~ne per centum per an~~um; and all said costs, charges and expcnses inturred or paid, together w~th such interest, shall be setured by the ~~en oi thit mortgage. . 6. That (a) in thr event of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or ;b) in the event any of sa;d sums of maney herein referred to be ~ot promptly and fully paid within Ihirty (30) dals next after the same seve~a'iy bec~~e due and payable, wi~hout demand o? notice, or (c) in the event each and every the stipulations, agreements, co~~J~tio~~s end cuvenants of sa:d p~om~ssory note and th~s mortgage any or either are not ~uly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed with and a6+ded Sy, then in e~ther or any such evenl the said ag- gregate sum mentioned in aaid promissory note then remaining unpa~d, with iroerest accrued, and a~l moneys secured hereby, shall brcome due and pay- able forthwith, or thereafte~, at the option of said'MORTGAGEE, as fully and canpirtety as if a~l of thr said s~ms of money we~e or~9inally stipulated ro be pa~d on such day, anything in sa~d promisswy note w in this Mortgtge to the cw+~rary notwithstanding; and tiiereupo~ w thereafter at the option of sa~d MORTGAGEE, wirhout notice or demand, s~it at taw or in equity, therefore w thereaiter begun, may be prosecuted as if all moneys stcured hereby ~~d matured pnor to ~ts inatitution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mo~tgage, w to foreclose it, or to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to ~he Court hav~ng jur~sd~ct~on thereof for the appo~~t~nent of a Receiver, such Court shall fosthwith appoint a receiver of said mortgaged prooerty aIl and singvlar, inclvd~ng all and aingular the income, prol~ts, issues ar.d revenues f~om whatever source derived, each and every of wh~ch, it being expressly unders~ood, is hereby morrgaged as if apec~iically set fwth and described i~ the granting and habendum clavses hereof, and such Receive~ shall have all the broad ard effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of abso~ute nght to sa~d MORTGAGEE, a~d wi~hou? reference to the adequacy w inadequacy of the value of the property mo~tgaged or to the so:vency or insulvency of uid htORit'iAGOR or the defe~dants, and that such rems, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lie~ or equity of said MORTGAGEE and the practice of such Cuurt. • 8. To duly, promptly and fully perform, discharge; execute, effect, comp~ete, comply w~1h and abide by each and every the stipulations, agreements, conditions and covenanrs in said promissory note and this mwtgage sat fwtli. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other thart the MORTGAGOR, the MORTGAGEE, its succrssas and assigns, may, without notice to the ,HORTGAOR, deal w~~h such s~ccessor w successor in interest with reference to this . T.or+gage and the d~bl hereby secured in the same manner as with Mortgagor without in any way vit~ating p discharging the Mortgagors' liability hero- under w upon the debt hereby secured. No sale of the premises hereby mortgaged ar.d no iorbearance on the pa~t of the MORTGAGEE or its svccessors o. essigns and no extension of the time fo~ the payment of the debt hcreby secured given by tne MORTGAGE~ or its successors w assi9ns, a~iall oparate ro release, d~scharge, modify change or affect the original Iiab~lity of the MQRiGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that time is of the essence of this contrac~ and that no wa~~er of a~y obligation hereunder or of the obligation se- ! cured hereby shall at an~ time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 4 11. In addnto~ to the forego'ng monthly paym>nts of princ pal and interest required by the prom ssory nore secured hereb~, mortgagor covenants and agrees to pay to neo:tgagee with each monthly payrnent an add~rional sum estmiated by mertg~gee to-be eq~al to 1; 12 of the annual cost of the (ollow- ~ ing: f A-All real property taxrs leiied or assessed agai~st the above described real es~ate. ~ I B-Prerr.iums on (ire and windstorm insurar.te as herein requ:red to be carried en the ~mproveme~ts s~tuate on the abovc d~su7bed premises. ~ C-Premi~ms on such mortgage guaranty i~surar~ce as mortgagee shail from f ine to t~me deem fit to carry on the loan secured hereby. ~ Mortgagee sha~l from t~~n~ !o time notify mortgagor in writing of the amo~M due and payable hereundar and such sum shall thereupon be due and ~ ; ayable on the due dare of the nezt monthly payment and each successive mon~h thereaft:r ur,til mortgagee shall not~fy mortgagor of a change in such ~ a^~oum. Such sums stiail be applied by mortga~ee toward the paymenf of rea:~property taxes, insura~ce prem:ums, and mortgage guaraMy insurance ~ oremiums. - ~ IN YlITNESS V~HER'eOF, the said MORTGAGOR has here~nto set his hand and seal the day and year first aforesaid. g~ed, Sealed and deliv ~ed in the presente of: ' ~ w~tB fi@e~ ~O WS1 9ht ~I1C~ - - • - Seal) - ~ ~argaze~ wac~gh~~ _ , cs~.q ~ W tnesses `to s ign ture Y ~ ~s~aq ~ o G r~ n W. gt~e ~ a ~ ~ Haze~ C . Steele) ~ ~ - ~ cs~aq t,- ~ S7ATE Or3~~~~ Ma s s a c h u e t t s couNnr oF X x~,~.~i~a'A`x ? 1 X m o u[ h ~ ~ •i~:~:t;r~~t~. ~ . Before me personaily sppeared Br1]@St {41Y19ht `t ~~~i~~s~~.r_ ~nd ; Mar9aret Wriaht his wife, to me weli Jei~i~~ ~/rqe to be ~ the individuals desuibed in and who executed the foregang instrument, and acknowledged before me that they execyf~,'~'d~nx"~yt~~~oses Mar aret Wzi ht ~ " ~ tharein expressed. And the said _ ' " ~ ~ ~ : ` Brnest J. wright ~ - = ~fQ-yy_ ";~,te ~ wife of the said " . ~ ~PM~,'~ ` examination by me taken separale and apart from her said husband, acknowledged to . fore me that s executed ' w # ~v~urr i ~ r3rily and without any compuision, constraint, apprehension, or fear of or from her aid nd. ~~~.~n~>.`~'^.~ ` 1 ~ . r'.: -..'oF ~70 ;s WITNESS my hand and official seal this ~ t h day of ~ 't , ~9~•'QO~~=-- ~ r Notary ub ic in nd ihe State Ma s s. S~ATE OF t; My Commission ex ' ~ 'vemb er , COUYTY O~F~Pt~ ~ ' ~I eefore me perwnally appeared Gordon W• $t@P.l@ -+nd , $t@61e his wife, to me wel! kr.own and known to me to be ~ Hazel C . - tne ind~viduals described in and who executed the foregang instrument, and acknowledged before me that they executed the same for the p~rposes ~ therein expressed. And the said Hazel C• St~l@ N~~e of the said Gordon W• $t@61@ ' vpon a sepa~ate and private " e¦am~nat~on by me taAen separate and apart from her said husband, acknowtedged to and before rt~ taa~;~e bY~1~d-said instrumeN freely and volun- rarily and without any compulsion, constraint, apprehension,~r fear of or from her said husband..' ' f~S WITNESS my Fr~nd and ofiicial seal this ; day of .A•'r • A. D. 19 7O ~y . '`y tpe Slat~ of - Notary~ubt~t'•iA a~ K - ""y ~ ~a°"F3r~~ - ~ ~ ~,~aESSEE - a~~~.~ To: ~~`i i~°S o~ens prepat~y, : ~ T _ F~"r F~4f~its~ ~~a" ~r -~~rst ,E~ ~eza~ S ving att~'II~' t~..;. ~M1?'~O~s=ian Exp~r°S 0.'tober 2a, i5~o BOQKQi~'~'AEE~,i71~ Associa~lon of ~ort ~iexCa ~ ~~~t'~ . ~ : : . , P.O.Box 249; Fort• PieT,CQ~ -P1A,f~2? . ~ _ z.. v.. . _ . . - . . _ . "~s = _