HomeMy WebLinkAbout0226 d~schsrKavi, sa?A ~?tortga~;re n?Ay nt en. U~ne ~u?y the a:?me ur any part lhe~cof rrithaK wai~~ng or aftprt~n~
ah) optu?n, i~rn, equlty o~ nRht un~trr ar Dy ~•~ctuw ot th+y mort~:iK.•, an~! thr tull smount of each and every
such paytnrnl :?hall t~e imm.~cf~alrly .lur snd pay:?41e and shail bes~ intrrnat [mn~ the date tttereot untU pa~d
at the n?te ot trn per crntu~n pc ~ aru~um sn:i t~~~rth~•~ v~nth such intrreat ahalt De aecured by the lien ot thei
mortgng~. . ~ . , . ~
3. To plece wnd cont~nuausly ke~p on the bu~ldinRi AoMr~oe 1~ KrlF~iMMMate oh suid land fire and wt~dstara~
i~uur.uKr iu tha• us~~~! st;uKlar~) ~wlicr lonn, in a suiu ~Nd k•a. Ih:m u~r fr.ll iu.urabli• ~alm•. iu wi~i~ ~y?~u-
pan~ or c.unpr:~irs ss may bc n}?pmvrd by .stnl 1?fo~t~o~ow; and all +uch tnsurnnce paliciea on sny ot s~a?d DWId-
ing~, a~~ intercat therein o~ part thereot, in the AR~r~Rate sum a[o~rxA~d o~• ~n exce~s therco[, ahsll cont+sin the
usual zttu~~iard mor~~rsR~ cla~ise mak~nR lhe l~~c~ ur.d~r sn~d policir~, es+~•h and ever~, payaDle t~ asid 111nrtKa-
gre as hia ~nte~st may ap~.,r, Alld each snd e~•rry su~•h pol~ey ahnll ~e pmmpUy del~~eral to and held by said
• 1?torttieR.~e; and, ~~~t less than teR d~vs in nd~•an~e of the ~:pi~at+~n ol et~ch poliey, to deliver to swld 1?tortRagee
a mne~~wl thercat, to~ether W Eth a recript t~r the premi~im ~f .~~~h rrnewal; an4 thre,e aha11 br no auch irtsur-
ancr plare.i on anp nf sxld buildinRa, xny interrst therein or paH the~.ot, unle.as in the form snd with the I~as
paysble ~s s[uresni~i; and in the e~rn[ nny num of money becomes paysDle undec ~uch pollcy or poticiea sa~d
Mort~;n~ee shall have the option to n~eive and srply the samP on arcuun! ot tne indeDtealnea~ secured hereby o~
ta E+«rmit alid b[ort~aFor to receiv~ arM usc it or aoy pnrt thereof tor ather pu~ose~ without thereDy waiving
or im~±Airing un~ equity, lien or ri~ht unde~ or by ~ irtue ot thi~ mortgage; ~nd in the event asid MortgaKor ehall
for nn~ ~e.1so~ tail to ke~p the ~aiA pr.•mfscs ao in.4umd, or fait to dellver prompily any ot said poLcie~ of
insur~nc~ to sa~d ~t~irtFaA~~e, or f~il promptly to pay tully r~ny premium therefor, or in atty reap.~ci fall lo per-
tarm. :i~ccharFe, execute, etfect, cort~plpte, romply v?~th snd aDide by this covertant, or any part Rereof, aaid 11lortg-
a~;ee may p1zcP and p~sv tor such 3nvurance or anv part thereot without w3l~ing or et[ectinq sny option. 1i~n,
equitp or n~ht under or by ~•irtus ot this r.iortRage, and the [ull amount at each and every auch payment ~haU
be Immediately due an~i payaDte and shali bes~ int~rest tmn: tAe date tbere•~f untll psid at the nte ot tcn per
centum per annum- snd togethe~ with auch Interest shall us sccured Ay tl~e lleA of thi~ mortgage.
To permtt~ commit or aufter no vraate~ Impairment or deterionttoa ot satd propetty or any part thereot.
6• To paY s11 and ain~vlu the co~ta, charges and expenx~, Including reesonable lawyer'a tcea and cwt of
ab~tracts ot tiUe. Incunr~l or paid at any tlme by said Mortgagee because snd~or ln the event ot :ht falluro
on the pa?t o[ the said MorlgaRor to dulv, promptly an3 [ully pertorm, dfacharge, eaecute, eKect, complets~
compl3 v?~ith and ablde by each and every the sffpulsUons, a~eements, coodiUona and covenanL ot said protnls-
wry note. ~utd W~ mortRage. anq or elther, at?d aald costi„ charge~ aree! expensed, each aad every, shall be Im-
mediately due and paysble, ahether or not there De notice, demand attempt to collect or sWt pending: and ths
tUll emount of esch and every auch p~?yment ahall bear intarest ftoth Ns date Nereo! uatU pald at the rate ot
ten per centum per aru~um; and all safd coeta. chargq apd ~tpan~e~ w lncurred or pd~ to~ether wtth ~ucb fn-
terest; ~hW Ds ~ecured by tLs ilen ot Wi mort~ags, -
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7. Tt?at in the event that at the beglnnang of or at any time pending any suit upan this mortgage, or to
toreclose it, or to retorm it, and:'or to enforce payment ot any cla~ma hereunder, said Jtorcgagee ~hall apply
• to the court ha~•ing jurisdiction thereof for the appointmer.t of a ftece~.er, such court sha~ll forthwith appoint
a Receiver of said mortgsged property all and sin~~lar, including all and s~nguiar the rents, income, profits,
issue~ and re~enues frum whate~er source den~•eJ, ea.•h and e~•er~~ uf ~ehuh, it be~ng expressiy understood, u
hereby mortgaged as if specitically set forth and descr!ted ~n the Rr.cntirtg and habendum clauaea hereot, and
such Recei~er shall have all the broad and effect?~•e tun~•t~~ns an~t F~„~•:~rs in an~-..•ise entrusted Ay a cuurt
to a Receieer, and such a~+pointment ~•hall be ~~adc by such cu~~rt as an admitted equity snd a matter of ab-
solute right to said 1liortgagee, and ~vitho•~i referenre to the adequacy or inadegaacp of the ~alue ot the prop-
etty m~rtgaged or to the solvency or insolvency of said AtortRaRor and 'or ot the de[endanta, and that such
nnts, profct~, income. ~ssues and re~•enues shati be a;•piied by surh I;ece~~~er according to the lien and;'or equity
of said Mortgagee and the practice of such rnurt. ,
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IN WITNESS R'HEREOF, the sald Mortgagor has executed thi~ mortgage under eeel on ths day and yesr
Aere~n tirst sbove ~vrittea
Signed, sealed and delivered in the presence o[: V. S. H. f~EALTY,~~C. ~
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/[C i.V- lLl- " I ".4.-.__ ~ ~~1..~L. B~ ~ "L~"iLL L- . ~
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ice resident ~
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By - '
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STATE OF_._...-•------••-•----....-•• ~
COUNTY OF-.--•-.__...._..----• { a
Betore me per~oaally sppesreQ....-••---••---•--------------------••--._..............---••---•-•_••-•-.•--•----•--_....._...__._._.._._---._..._....._:...........
to me v~el1 kr.on~n and kno~rn to me to be the individual..._ described in and who executed the foregoing inatru-
ment, and acknovrledged before me that ....he__._ executed the seme tor the purposes therein ex~ressed.
WITNES3 my hand and of[iciat seal thia-• ..........................day of._._._....._..._.-----....----..._ 19..___.
Notary PubLc in and for
the County a.nd S:ate Alotesaid.
My commi~siors expirca: ,
BOOK .1~7J ~~?U
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