HomeMy WebLinkAbout1966 ~ ..r..e......,.. _ _ ~ .
A~?~ ot ~'~+oari8a OocvMnt~t~? ~t~ ir1 t~r ~o~md r~uir~Q atr atti~ad tio
~ o~3si~l o! t.l~ lbar~~is~ oot~ atid caoof3~d pur~v~ot
An~d sL~ll du]~, pa~o~],r ~d ltill~ p~rlb~s, a~a~uCM, ~!'lbct,
ao~~b ~nd aa~ly vitU ~d ~bi8~ b~ Mah ~a~d s~nry ~~tl,puLnt.iar, ~wasots,
oooditioa~s aad oorsaaats ot ~atd paraai~sor~ ao~ and o! t~hts ~ortp~, th~a this
aprt~~ atid ~~st,atw ~trby cra?tsd sLall ~at ~d bt swll and ~roid.
I1nd t.tr~ Mort~agor aonnniat~s ~nd a~ws to an~d ~rit~ tlr lbr~~~ u lollava:
1. BR vill p~ t2r pa~incipal snd. int~r~st and t~ t+~ri+ovs and s~dry su~s
o! aoao~ey p~Orable .b~? ~irtve o~ saiQ prowi.ssor~r not~ and t~is a4rt~ paro¦~t11? o~ t1~s
dys tD~ s~r beca~r dt~e and ~ vi11 ~t~ly psrtbr~ aod ca~l~ vith eacb aud rns~r
otl~r eo~v~eaaa~ and egre~rent ia said prasissor~t not~ and a~rtgpge~ .
2. 8e vill peal t~re teu~es, aasessaeats, le~ies, liabilitiues, oblt~stiaos
and inc~abran~ces ot e~rsry natia~e at~ kiad aair a~ s~id 8escribed po~opert~, or t~at
t~ermalter ae~r b~ i~ossd, sv~'tarsd, ~1~a~oed, l~s~riea or asa~ssed tbersou, or tt~st h~s~-
after ae~y bs lari~d oa~ eseeased v~on this atoa~t~s or tbo iirdebtedness secured bsrebY,
vDea dua and pe~7abLt a~ccoraing to la~, before tl~ becare ~el3aquent, ~nd betnrs anp?
interest att.~bes or anpr peaalt~ is iscwcred; and ia so i~ar as aa0r therao! is o!
recard t.be su~s shsll be parv~tly aatistiad and discbsrgle~d o! recorQ and t.be orig~.asl
oflYc~al 8ocv~ent a~videncing surch satishcticn aa~d disc.haic~s svall be pl,aced in tl~e
t~aads of ssid lbrt~ee vit.hin *en ae~ys ne:t a~t'Eer pe4Y~ent. . .
- . 3. 8e ~?i11 lceep tLe ia~ro~vea~ents nar existing or ber~tter erected on
the aort~sged pac~opertY iasured a8asnat loss b~ tire aa~ other hszsrda, casualties.
and contingenciee, in swch e~so~unt.s and t~or swch perio~s as ae~? be required 1~Y lbrt~ps~ee •
All inswc~ance aball be carried ia ca~anies spp~aved bqI Kort~ee aad t~e policies
and rene~sls thereof ab~a]1 be beld by Mortg~Bee and hsre attacbed t.hereto loss pe~sbLe
cl~u~ees in rs,roac or e~d in ro~s a+cceptshl,e to ta~e Korfi~~se: Ih av~eent or L~ss be vill
gi.v~e is~ediate notics by aail to lrbrt~ya~ee, aad lbrt~e se~? asbe I~oo! o! lAaa it
mt aede po~t~T ~ 1brt~agOrs aad ea~cb inswc~nce co~a~t concex'aed. is bereby autborized
nnd directed to aa]oe pe~sat !or such ].,oss direct~y to Mort~a~ee inst~esd ot to lbrt~e~r
and ~rt~agee 3oint.~j?, and the inswra~ce P~oceeds, or aa0r I~ast t~ereof,tqr be sI~P~~
by 1~iort~ee at ita optio~ either to the redurctioa~ o! tbe ~ i~debtedaeas hereby aecured -
or -to tbe re~torstion or repeiir or tba propertl? . de~ed • Tn a~?ent o~ torecl,osnre oi
this a~rt~age ar ottr~r transfer at ti#.Le to tbe aort~e~~d Paro'pez1~1? in a~ctin6ui~st~ent
o! ttie i~bted~sgs eecwrea~~bereb~?s all ri~ts titla and interest o! tbe Hf~rt~e~'
in~ and to an~ iaswraoae policies t.ben in iorce ahall pass to t~he purcbaser or gre~ataee.
4. 8e vill per~it, oaosit, or .su!'fer no vsste, is~e~i~ent or deteriorstiaa4
of ssid ~ar~perty or szq? part thereof and vill loeep all bv~ildit~s and ia~pro~v~eaeats -
na~ or bereaTtGr on said propeicty in ~OOd repsir sa~1 vi17- m~oe a~t repairs ~ich
l~fortBp~ee ia liis' diacreticai s~Ll ~ necessary tor tbe po~pe~c preservatio~t o! said
buil~dinga end 3a~~o~¦ents • .
~ 5. 8e vill•p~y sll ead aingular ~he oosts, char~es and expenses, including
; reasc~able sttorrnr's lees, cost o! abstracts ot title su~d titLe sea~c~cbes isticwcs~ed
~ or paid st aaa? t3ae by _t.be Mfort.ge~ee because o! tbe l~ilura an t2~e psrti ot t.be Mortga~r
~ p~ro~ptly a~d !u].3~ to pertors t.be agr~eats and cavenauts o! aaid note and tbis _
~=t~e, and eaiQ c~osta, ct~eucges ead e~cpensea shel]. be 3~a~ediste],T ~due aa~d pe~yab]a
and shall be secmced b? ~be lien of tbis aortga~e, an~d swch espenditures s2ia11, drav
iaterest at the rste o! eigbt per oent~a per aaan~.
6. Z'hst (s) in the erent o! aa~ breaah of this a~rt~e or 8etaulL oa
t,be pe~rt a! t.b,e l~brt~r, or .(b } in tbe ~nt ~r or ~.ta ~ ot ~in
relerred to be not paea¦ep~l~ aad !~1'~Y Pe?id vitlw~t ae~ann3 or aotice, or .(a ) in tbe
erent th~ stipulatioos, a~c~e~e~ts, coaditioaas end canranants o! ssid aots ana tbis
a~rt~s are aat du~l1?: paro¦~t3~ and !kt]~ pai"tarsed, the~a~ ia eitb~r -or an~ such
a~rent, ti~e said ag~gt~eg~ate sua aeationed in ~ said n~te ttien re~inin6 v~id, vith
~ iitterest aacrued to tbe?t tiae, snd all ~'y's secia~ed l~erebr, ~ sbe11 b~CO~re du~e and
pe~ysbye tarthritli, or tl~ereatter, at tbe aption of said l~iort,ge~ea, as lV~l]+Y and .
ec~pLete~ as i! all o! t~e said s~s ot soanry mer~ originel3y stip~ilrated to be psid
o~ such da~Ys a~l~i1'i6 !a ssid note or in tbis apr~Bp~ to tlw coatre?ry a0tnitbstaadin63
and tt~ere~on or t~s~ea!'t~er, at t~e o~ioai ot aaid lbrt~ee, vit.bo~t notice or
deaand, - suit st ]av or ia4 e4v~it~rs ae~ bs p'rosecuted as i! all aoad~s secut~ed tjersb~
bmd aatmred p~ior to its iastituti~an. ~
T• Tbe y~OrtgpBp~ ay?s at eim~ t3ae vhile s suit is peadia6 to foreclose
~ or to rsioss t.bis sart~e, or to entorae aa~ clslas arising ber~v~er, ap~p~~jr to ~
tl~ court b~in6 ~m~s~la~io~ t~eraot tor t.ty ~ o! s r~wiTe~c, aa~d ivch
court sbs7.1, lo~tl~?ith sppoiat a s~c~e~i?rr ot tl~ p~su an~d ali ot~rer pco~pert~?
~omss+eQ hes~sb?, ioel~in8 al.i ~d sia~lsr t~e inaa~, pa~tlts, r~ats, isau~a aud
SWD- lbra lt•2~06 ~
(9•1.Z-6o) 3 dooK PACE-~~tW .
" _ _ _ w - - _