HomeMy WebLinkAbout0378 ~ the ntort~a~or S
covenant with the mort~a~ee as jollows:
~tret. That the mort~a~ors will pay the indebted~ess as liereinbejure pro-
L~ided.
Btrott~. That the mort~a~o~ will keep the btcildin~s o~a the preinises i~:.sure.cl
a~ainst loss by flre
for the be~zefit of the mort~a~ce ; that they will assi~n
and deliver the policies to the mortga~ee ; anrl that they will rei~nburse the
mort~a~ee jor any premiums poid jor insurance made by the naort~ta~ee
on the mort~a~or s. dejau~lt in so insurin~ the buildin~s or i~t so ass:~~ting and
deliverin~ the policces.
~f~A. That no buildi~ag o~~ the premises shall be removed or deniolished with-
out the consent of the mortga~'ee
~auttl~. That the whole of said principal sum and interest shall become due at
the option of the inort~a~ee : af~er dejault in. the payment of any install»aent u~
principal or of interes~ for thirCy days; or after dejault in the pay»i,ent oj
any tax, tvater rate or assessment for thirty days after notice and de-
mand; or after dejault ajter notice and demand either in assi~nin~ a~ad delit~ert~:g
th•e policies insuri».g th~ buildirtgs against loss by flre or in reimbtirsin•g the nt.ort-
gagee for prem•iums paid on such insurance, as hereinbefore proi~ided; or ajt~r
dejault upon request i~a furnishin¢ a state~rtent of the amount due on th.e ntort~a~se
aiul whether any ojj"sets or defenses exist a~ainst the mort~age debt, as hereinafler
proczded.
~tftl~. That the hvdder of this mort~age, in any action to foreclose it, shall be
entitled to the appointment of a receiver.
~?ixtl~. That the mort~agor S will pay all taxes, assessments or water rates, and
in de ault thereof, the mortgagee »Zay pay the same.
That the mortga~o~ within f ive days upon ,tequest in person
or ivithin ten days upon request by mail tvill furnista a written state-
naent duly acknowled~'ed of the amount due on this »aor~gage and whether an~
ojj`'sets or defenses exist against the ~nortgage debt.
~{g~~, That notice and demand or request may be in w~itin.g and may be
served in person or by mail.
3~1itd1~. That th•e ~nortgagors warrant the title to the ~mises_
~s That, in Compliance with section 1~ oj the Lien Law, the mortgagors
ivill rec~ e the advances secured by this mortga~te and will hold the right to receir~e
4uch advances as a trust jund to be applied Jdrst for th~ purpose of paying the cost
of improvement, and that the mort~agors will apply the same ~rst to the payment
of the ~ost of smprovement be~ore uain~ any part o~ the totat of th.e same for any
othar purpoae.
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~tt ~tttu~s ~I~trsaf. this mort~age has.beeia duly executed by the mort~aso~s
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~igne aled an delivered
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- S~ttr nf ~1Tnu ork On this ~tay .~j ~a rG~
~py~g triontgomery } ~Yineteen Hu~rdre~l an~l ~eventy-one
~ befors me, the subseriher, personally appeared
~ " , ~+~L~'h ~ic:~itG~c and ~~a ,i. ~,~3rt~~~
~ ~ to »tC peraoiwlly known and know~~. to mP to be tlie sam.e person s de.,rer~.b~~ 'n,p.r~tl
~ - wlto e.~ecuted the within Instrument, and t hey severally, ii F.~.
e. e `~''~F . E . - ~
to me ~)iat t he y executect the same. ~ • •
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~ . c~otary o • _ , • ~Y;~:_
~ •~ualified in ~'?ontgome~~;.Coun~;:-r '
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r ~ ~ . t~ARLES NIS8~-1~; Y .
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a Netery Public_ cf ~k:~~_~r~F ~
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= F ~F~ ~'J~ 37? Caturuuic;n E~cp~res +auch 30~ 19,j~.
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