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Home My WebLink About0495 ! ~ . / . . I ' And the said Mortgagor, for himself, his htirs, legal tepraenatives oc assigas, hereby doa covenant and agree: 1. To pay all and siagulu the priacipal and interest aad aher sums oE mooer payabls bp vinue of said promiswry aote aad ~his deed. or either, Promptly oo the days respectively the ume severaUr become due. 2. To pay dl and siagulu the a:es. usessmeacs. levies. liabilicies. obligstions. u~d iacumbnnces of every nature m said de- scribed property, each and even, and if the same be noi prompdy psid ~he ssid Mongagee. ia sucessocs. legal rep~ucives or assigns. may at aay time pay the ume wit:uwt v?Yiving or affec~ing the option to foreclose or any right hercuader, and every psYmeat so made shall bea~ incerest fcom [he date tlxnwf a[ the nce of eight pecceat per annum. 3. To ~+ay all aad siagulat tht ccuts. chatges and e:penses, iadudioa tawry~er's ttes. ceasonably incurnd or paid st aay time ~ said Martgagee. its successors. legal cepresentati~•es o~ assi~s, because of the failure oo the patt of the said Mortgagar, his heirs, leRal reprcsrntativcs o~ assigns. to perform, toraply w~ith and abide by cuh aad every the stipulatioas. agretmmts, conditions and cocenants of said promissory noca and ~his cleed. or eitbcq aad every such payment shaU bcar inteast fcom dace at the n[e of eight peaent per .anum. 4. To keep the buildings now or hereaf:er on uid land iasured in a sum equal to t!K highesc iasurable valuq both fire and excended co.Yrige. in a cumpany or companies co be appmvcd by said Mottgagee, and the policy or policies held by aad payable to uid 1?tongagee. i[s. successors, legal rcprescntatiees or assigns, and ia the event any sum oi ma~ey becomes paysble uader such policy or policies, d~c I?iortgagee, his heirs, Icgal repnsentatives or zssigns shall bave the opdoa to receive aad apply the same on acco~u?t of - the indebtedness hereb~ securcd or to {~ermit the 1?iortgagor to receive and use it or anp part thereof for other purposes. wtihaut hcre- by aYi.ing or im~uiring any equity, litn or right under or bp virtue oE this awrtgagq and auq place and pay for such insurance or ~ any puc chereof w~ithuat w•aiviag or alfecting the optioa to foralose or say right hereuaJer, aad each wd cvery such psymeat shall bear incerest fcom date at the nte of eig6t percent pec anawn. ~ S. He w~ill permiy commi~ or suffer no wute, impairmeat. or decerioration of stid property or aay puc thereof. e:c~ept reason- able w•ear aad tear; and ia the event of che failure of the Mortgagor to keep the buildiags on said premises and tlxm to be ecected oa said prcmiscs. or improveh~enu chereon. in good cepai~, tfie Mortgagee may make such npairs as ia its discretiaa it may deem neces- sary for the proper pnservstioo thereof aad the fuU amiwnt of cach and e.e~y sucb paymrnt shall be due aad payable thircy (30) days aEcer demand. and shall bc sccured by cbe lirn of this mongaga G. Tu perform. comply with and abide by euh and.erery• the stipulatiau, agreemeats, conditions and m~enants in siid promis- aory note. . 7. The Mertgaget may, at any cime pending a suit upon this mongagq spply to the rnurt having jurisdiaion thereof Eor the appoinemme ~f a recei~~er, :wd swh mun shatl fonhwith appoint a receiver of the pnmises covered he~eby a11 and s7nBWu, includ- irig all and singular the income. prefits. issues, aad revmues from wlntiver ~o~uce derived. euh snd every of wh~ch, ~t bein8 e:pressly mdentood, is hereby mon~agcd. u if specifinlly xt Eonh atzd described in the granting and habendum dauses hereof. Such appointment shall be made by such court as an admitted equitr and a matter of abaolute righc to said Mottgagee, and witt~out referrnce to the adequacy or inadequacy of ehe value of the property mortgaged or to the solvmcy or imolvency of said MQrtgagor or the defendants. Such rents, profits, income, issuts. and reveaues shatl be applied bp such receiver accordiag to the !irn of this mortgage and the practice of such court. In the evmt of any default on the put of tbe Mortgagor hereunder. the 1?tor[gagor agrecs to pay to die 1?tortgagce on dcmand u a re:sooable monthly rental for the premises an aawunt at least equivalrnc to one-cwelfth ( t/12 ) of ilx aggregate of the tweive moathly imtaltmwu payable in tl~e then carren't year plus the actuat amo~nt of the aanual iazes, asscssmencs, water ntes, aad iasurance premiuau for such year noe rnvered by the aforaaid month~y WYmeaa• 8. If aay of said sums of money Ixreia refened to be not prompdy aad fully paid wi~6in 30 ~iays ne:t after the same severally - become due and payable, or if each and every the stipula~ioas, agreements. coodicions and rnveaant oE uid pmmissory aote and this deed, or either. arc not iully performed, complied with uKl abided by the said aggregate sum a~wtiooed in said promiuory aote shall become due and payabk fotthwith or theteaEur at the option of the Mortgaget, its successors, Iegal rePresentatives or issigos, as Eully and completely u if the said aggregate sum were originally stipula[ed to be paid on such day. anyching ~n said promissory note or herein to the coatruy nocwitastwding. • k 9. The mailing oE a writteu notice or demand addmsed to the owner of rtcord ot tbe mort8aged pteat~ses. a d~~~~ ~~~d owner at ihe tut adJnss. utually furnished to the mongagee, or if nooe, dintited to said ow-ner at said mongaged premises, aad mailed by the Uniced Sutes mails. postige Prepaid. shaU be snfliciieat notice and demand in any use u~sing under this instrumenc and required by the provisiaos bercof or by law. ~ . ' . - 10. lf Foreclosure procetdings of any mongagq or lien of any kind, superior or iaferior to this mongage be instituted, the Mort- gagee henuader may at its option, immediately or thcreafcer, dedare this mortgage and the indebtedness secured hercby due and payable. IN WI7'iVESS WHEREOF~ che Mortgagor 6as hereunto set his 6and and seal the day and year First above written. Signed, sealed aad delivered in the presena of : . ~ NORTON TIR C (SEAL) (Corp. ~ , Attest: ~a'~p~~vl~ - Seal) B : (SEAL) S. RONALD PALLOT, Secretary ~ ' NORTON S. PALLOT, President .,::r-~t;tif ' ~ . V1v~v~ebbralpy'. ~~t ae1.. S~CI~h.~c1G_ ,~:t''•:4;'_'~ f~f!- ~ (SEAL) i ~ ~ r ~ ~ ~i i 0 4,,` ` ~~t ~ (SEAL) _ - ~ ` ~ r ~ ~ ~ ~ ~ _ ~ • ~ . ~o.:_ = ,<<;''~~ 80~~8~ P~E 4~5 - ~c . ~ ''~rf~~s~sf~~s~ _ _ . _ . . _ - . _ - _ ,~"~~`E` ~ ~ ~ ~ - s.. - r::'. - ~ -