HomeMy WebLinkAbout2754 ANU ~h~ so~d Mo~~yuQor herebr co~e~on~s ond oprees r?~u? tr?e sa~a Moi~~uyee ati toUo~r
FIR$T: Thol 1h~ Mo~t9opor i~ lowFutly t~i:ed of 1hR obov~ dexribed prtmis~s ~n (~s s~mpl~ ond hos pood ~i`ht to sel! o~d
conv~r th• sam~ l0 1h~ Mw~9oQe~j Mot Ih~ said pr~m~ss~ ore (re~ ond discharQed of ond Irom oll I~~e~, ~o~ fitlei or c~rrificotes,
~ud9men~s. methonit s li~ns ond entwnb?ontt~ of ony noture o~ ki~d whottp~vt~ ond thot ~h~ Mor~~oqw w~ll fvily worro~~ ond
d~fend M• som~ !o ih~ Morfpvp~~, aqoi~qf M~ lowful tloims o~d d~mondi of oll p~rso~q whomw~v~r, a~d will mok~ sutA (unh~~
o,w.o~+c•~ ro p•.l.a f~~ sie?pl~ I;fl~ lo said lond, in th~ MortQop~a, os~oy ~~osawbl~ b• ~~qwr~d, ond will poy 1h~ i~v~rol
sun?s oF mon~r a9~~~d in tM soid not~ to b~ poid ond oll imtollm~nb of ~rii~ipai o~d int~r~p Ma~~on p?ompllr wMn dw. ond
otcordinp ~o ~h~ ~n?~ tMw ond •ff~cl of IM wid no~~.
SECONp; Thot tM Mo~tQopo? wiN por oll ond sinpvlo~ the fox~s. eisessm~nli, I~yi~s, ond ~ncvmbronces of ~very notur•
on N+e obov~ d~xribed properlr, ond epon this nwrtpop~ o~+d note~ or th~ nwn~y s~tund 1h~r~br, b~fo.~ d~linqver+ty ~he~~of
and receipts evid~ncin9 poyment o/ toid toa~i, au~ssme~ts, I~vies and ~ncumbrowtet sholl b• deposited w~th the~ Mortpo9ee on w
bef~e Mord+ lif of eoch sucteedinp rw~ durinp M~ tenn of this mo~tQopej ond if tom~ b• nof promptlr poid when dve, ~h~
N~wtpoQee nwr (wiN~out obliqotion 1o do ~o) par th~ iome, o~ btcome pvrchos~~ of onr lowfd evid~nce th~~eof, w ce~tificote
th~r~for. wiMoul wQivi~p o~ o1F~tfinp anr riphf M~wnd~r and in fhis mortQaps, Or fh~ soid nOf~ which this mwtQape secvrei; oad
~ Pa1?^~~K or ~xPendihun a nwd~ si~aN b~ar int~r~it from tM dat~ rh~r~of ot tM rot~ of ~i9ht p~r c~nfwn (8~I p~r onrwin.
THIR~ Tho~ M~ Mortpopo~ will k~~p oll r~al and personal property now or F?~~toft~~ ~ncvmbered br the li~n of Ihis
~+wtyo9t iaswed os ~nay b~ r~quir~d itpn tim~ to tim~ by M~ Mo~rpoqee oqoir?it loss br fir~, windstorm ond olher ho:ordi.
casvolNe~ o~d eontin~~nci~s ~o? wd~ periods vnd for not less thon such omounts os nwy be r~quired by Me Mortqop~e ond to poy
P~a^P~~r dw aN p?~eniwns for :uch insuronc~. Ths onwunis of such insuronce reqvir~d by tM MoM9a~ee or~ expressive of
a+~y Me n+inimwn amwints for which ioid insuron:e shall be written ond it shall be incumbent upon 1he Mor~yopor to n~oin~ain such
oddi~ionol insu~anc~ os mor b~ necessory ro ineet and complr-fvQy~rith oll co-insuronc~ reqviremen~s contoined in soid policies ~o
the end thol soid Mortyapor a not o co-inwro? IM~evnder. Insurancs sholl be writtan by o compony or componies opproved br Ihe
Mo?tqapee ond all po!ide~ and r~r»wols ~he~eof sholl b~ held br tha Mortya~ee. All de~oiled de~iynotions by the Mwtyoyo~
which a?e accepted by the Mortpap~~ ond oll aqr~~ments between Monyoqor and Mort~a~e~ rela~in9lo iesurance, now existin~
or hereofrer mode, sholl be i~ writirp ond slwll be o pan of this mortgoye apreement a: fvllr os thovph set fonh Yerbotim h~rein
and sholl porem both parties h~reto ond their suaesson ond ossig~. No lien upon ony of soid policies of insuronte or apon onr
refund or retum pren+ium which mar be porabls on the cancellotion or terminotion thereof, slwll bt Qiven to othe~ than the Mo~~•
gagee, eacept by prope~ endonemenf oPfixed fo such policy and app~oved br Mort~apee. Eoch policy of insurance sholl hove
ofi~xed ~hereto a Stoeda~d Mo~t~o9ee Glouse oaeptoble to fhe Mortgoyee, makin9 all {oss or losses under such poliq? poyeble
to the Mortgogae os ifs iMereit mar oppeor. lo ths evenf ony sum or sums of moner become poyabl~ thereunder the Mortyopee
sholl hove the option fo receive ond applr the some on occount of the indebtedneu herebr setured, or to permit the Mwfyogor to
recei~e and use it, or anr porf fhereof, wifhout thereby waivin9 or impoiring ony equity, lien or ripht unde~ and by virtue of this ;
mo?~goge. M event of bss or phrsical domoge fo Ihe mwtpoged property the Mortyogor sholl yive immediate notite thereof by ~
mo~l to the Mortpogse ond the MoNpaQea may make proof of bss if the same is not made promptly by tbe Mortgagor. M erent ~
of forKbsure of this nattpope or ofher transfer of title to 1he nartgoged property in exfinpuishmenf of the :ndebtedness secvred ~
hereby, oll ri~hf, title ond interest of the Mort~agor in ond to any insuronte polities th~n in force sholl pass to the purd~oser or
qran~ee. Upon ony defoulf thereof, 1he Mort9opee moy (but without obligotion on its poA so to do) plate inwronce on wch
bu~lding: ood por the prena~nn end clwrQs such wms so paid to the Morfya~or ond wch wms of ma~r so poid shall b~ar inleresl
f~wn the dote of po~M ot IM rafs of ~ipht p~~ tentum (8~) per amum. ~
~
FOURTH: Thof all sums of ma~ar poid or tavsed to be paid by the MortQoqee under fhe ternns of this nwrtgo~e ond herein ~
specif.colly providsd for, and indudin~ o~? expenses incurred by ths Mort~a~ee in tollettion of the sum secured by this mort~oqe, f
sholl be covered br fhe lien of this nwrtya~e, the same os ~he sums of money represented br th~ note which this mortyope secures.
~ FIFTH: To permit, tummif or sufFer no woste, impairment or deterioration of said properfy, or anr port thereof, ond upon
~he (o~ture of the kl~?tyopor fo keep fhe buildinys on said property in pood condition of repoir, the Mortpapee moy demond the
` ~mmed~ota repai~ of said bvildinps, or an increase in the omount of security, or the immediate repayment of the debt hereby
~ secvred. and N?e foilu?e of 1he Mort o o~ 1o tom I witb so~d demand of ths Mort o ee fo~ o
p p p y y p periad of fifteen (1S) dars s.hafl
comt~tute o breoch of this nw~t9ope, ond, ot ths opfion of ths Mortpapes, emmediatelr motur~ th~ enlire unpoid princepol ond
~~~eres~ he?ebr tecur~d, ond fh~ AAortpQp~~ mor, wifhout notice, iiu?ituts proc~~din~s ro for~dos~ this mortQop~, ond opplr for
~he oppoinlment of o ~eceiv~?, o~ hereinaft~r provided.
SIXTH: That the MortpoQor herebr promises, covenonts and ogrees to poy !he sums of money ond interest as mentioned
~n said prpmisso~r note, topether with anr ond all other sums justly due and owinp Ihe Mortpayee br the terms fherein, ond secured
~o br poid os sfoted therein promptlr when due. If defovlt shol~ be mode in the poymenf of the soid svms of moner or onr port
~hereof os arovided in th~ soid rate or M?is mott~age, or if the interest that moy betane due therew~ o? any port thereof si~oll be
defovlt ond vnpoid for o spate af fifteen (1S) dors, or should the Mortgogor breoch or foil to complr with onr other covenan~
,
o• o9reement on the porf of fhe MortQayor to be compiied with (in those coses in whitfi /hf option of the Mwtgopee of occelera-
~~a+ is not o~herwise expressly provided hereiej ond wch breath or non-complionce aontiiw~ in ~xistenc~ :or o spoce of fifleen (15)
dors, the~ and from fh~nc~forfh, ot the option of the Mort~ay~e ond without nWit~ to th~ Mortyo~w, th~ whol~ of said prnc~pol
swn expressed in soid rqt~, Mpeth~r with oll ofhi~ wms tMr~in o: w~ll as Mr~in pr~vid~d for, shoN b~com~ ~mn+~diot~ly dw ond
Pcrobl~, withouf notiC~ M Iht ~oid Mo?tyopW. - • -
SEVENTM: Thot in cos~ it slwuld b~com~ n~c~uory to plaa th~s mo~t~oo~ and th~ not~ s~tur~d Mr~by or ~ith~r oF th~m,
M tM hond~ of an oNOrn~r for coll~cfion, fh~ soid Mortpapo~ Wv~nonls and opr~~~ with tM MoMpop~~ to poy oll cwtti tho~p~s .
vnd •~p•~r~i of w~h ~oI1~Nion~, In~prdino r~owno~l~ ~ltorn~r'~ f~~~ wh~lh~r toll~q~d lon~lowr~ olh~rwit~~ .
EIGMTHs Thot, in th~ w~M anr wit is brouQh~ vpon thif n:ortQap~, whNh~r ro fa.c~os• it, ro nfaT i~, w oMerwis~,
ond/or 10 ~nfo~ pornNnf of ary d9irn h~rwnd~r, th~ Matpa~N nay apply to ony aowf ha~p jwisdiclion tMr~oi for NN
appoie~M of o naivN of soid ~wtpo~~d P~AY• o~ w~{I o~ th~ 'w~oom~, proRtti iawi ond r~~Mw~ MMr~of, or+d IM wid
~
~ E
_ _ U ii ~
~ 8oox 19~ i~7rJ1 ~