HomeMy WebLinkAbout0025 3 To place and cc+~hnuo.;sv \ee~ on ~he G.:• d~•~~s now or FlE"{•3•'K st,,ate on sa~d :a~d a^d o~ a!: rq_~, a~~d ~~son3!'y ce.ered r. ~h~s ~:o•
a~e, w th al{ prr~,w^~s ~h~-reon a~n tu', f,r'r .:~s_ra-ce :n ihe ~s..a. sa ~~.~•d po ~cr form. ~n a s.,n. a;. ~•o.`ed t~. th~ M.~k J.~J;:. ' J ~~-.di~o
~~w~an,t in the ~s~a~ s•anda•d po~._cy to•~~, in a s,,m e;,,ro.rd L~ ihc 4~JRTG4G'_E. ~n su:h co~•pany~ er ce~^;ar.es as t~+e .'.v~T:-:.vfE
d~ec~; and aii fire a,d v~:nd~iorr, ~ns.~•a~ce pc.~c~.rs on a~,y o1 sa,d Ga~.~."gs. any inrerF3~ fhere~n y. F.a~~ !F.~ r~~~i. m fhe agg.. g~•e s,: ~ a~e~esa.d
in excess ihereof, s!~a1; :onr,in the uswt sta~,d~~d mo•fg.+gre c,n~se or s~:h orhe~ c'e:u as fhe Mo~tga~ce rt,ay re~:.~e. m~1.~n9 rnr .rss ~~aer s,d Ew
;~es each and every, pa;:,:.e to sa~d MJR?vAvEE as ~rs ~nrer;st may appear, a~d ea:n a::d o.i~y a~ch p: c> s~~a.i t~r ~xo~ pt;Y ass g~~ry ~ d de ~~c«~o
eny heid by sa~d MORi;,.4GEE as f~•fhe~ s_cw~r~ ro sa:d ^~o't73y`e dr~t, a:.d, not ~ess ihan fen daya ad.,: ce et •na E>~~'e'~J'~ o~ v~'~~r. p~
~er ~o sa~d A10RTGAG:f a rencaa! tnerroi, ioge+her ~,m a re,e E r for th_~ prr^~~um of svch ~eoe~a ; a:~d ir~~e s~~a.i b: ~w i.~e c• 3s•~ .n ~°.s..ra~c
p'aced on any of sa:d b;:id~~~gs, a~y ~~!erest ther~;n or pst Ihcri-Of, ~~..r15 ~n ~he fe~rn a•~d v.~~h t~e cis ,e,si.e ~s a~:•ea=:d, c^d +~~r ~.e:•t a~y s_~
af money brco~nes pa~abie vndrr s~:h po~~cy or poi.c~es svd MJR7GtiviE shs~i ha.e +I~e oF~.on To irc_~~.~ ,-,d 1~r ae :~e on c;.:,., ~i o+ tne ~ wo:'~ d
~=ss sec.aed he~eby or +o perm~r a~ d M.OR'GAGOwS ~o rec~•~~e a~~d ~se ir o* e^v f 1.,, , . . ~ : s. s _ _ • . . , . ~ . ~ _
~ng any equ ry, i~en o~ ~~yht undrr or o~ v~rtue oi th~s mcrr~agc; and in the evrnT sa,d A1pR!v~.G025~sh;'! `o•.any re~ion fa~l to ler, ~~:e sa~d ~re•~~.a_s so
:'~fur~[~. 01 fd~~ 10 de ~~er plJ~t~Yt~y any Of S>~~ ~~Oi~C~i~l Li ~'1SU'6nCC 10 S~~d A1pRTGA~E_, or Pr_:t:r•.y tp F.51 f~..y bny ~~'c !•~c~c~:Jt Or ~n d"~
respect fail to perform, d:i;4~er~e. eaecure, effrcL to~~~~ete, to~.piy •~„~rh and a~~de b~ th,s co.•e~~e~.~, o~ a~~y ;,e~+ hareoi, s.~~d t.S~R~~.tiviE , F.;c~ a o
pa~ for svch ins~r.,nce or any pa•t thereof ...~nou~ vva~v,ng o: a'r+e:~in~ any oF~n,n, ~~en, eq~.ty, or r,aFv ;,nder o~ b, .:~e„e o1 :h's A'.~•~~ayr. end !!~e
~uii a~nount o} each and e.ery SuCF1 Pdyn12t1! snall tx ~mmrd:ateiy oue and payab+e and shd;; bcer in2erest r:orn thr do'e ti~~:~of „~~f~: r.~d ai the i:;ie e•
~,~~e prr cen•,;m per ar.•~,; „~~d r~arn,_~ ..r.h i,,.n ~~rr-esr Stiu~. Db s~~;..*~•d b~ the i~en of ih~s morlgage.
4. To permit, commit or sutfe+ no waste, ~mpairment or detenorat~on of sa~d property or any part ther~f.
S. To pey all and si~~iar thr cos~a, charges and e:penses. ~ndud~ng a reasonab!e a*eomr~•'s Ire a~~~ tosra of ebs~~a:~s o' t~r e, incuned o• pa~d a!
a~v time by aa~d MQRTvA~EE, beca~se or +n the ever~t ot tne fa :ure an ine asrT of fhe sa~d MORTGPGOR ro d~ y. p•o-•p+ly an~ f,~ .y Fr~'o~~n, d~s:^irge
.~•wte, efiea, com~,e~e, co•rp'r v~:rh a~d a:, de Dy ea:h and e.ery tne sr~p~..a+ ons, agree~~•r~~~s, cond~s~ons, and co.e: a•s of so~d p•o-~:.>icrr no~e d t! ~
~:o-•tgage any or e~Ther, ~:~d sad cosrs, cha:ges and eapenses, eocn and eve~y, sfia~l ~ immrdiate!y due and payai:.r; Mhe~her o~ not rh,•~e ~ no~:cc d_~
^•e~d, aitr•n~t ~o ca:ect or suit pr~~d.ng; and fhe fuii a•-~~n! ci eoch a~d e~e~~ su;~~ ;a~ment s~~sl~ bea- ~r~~-•esT ~-o~.: ihe da~e the~rot ur..i~ pa~d ai re
_e C~ n~ne per ccns.rn ~~o^i; c C a~~ su~i3 .c.srs, c~~a~3es a~~J ca_e~:5es ~rK~~red Or paid, togeth<r w,th such ~nte'est, shaii be SeCUred by thc ~~en of th.s
mortgagc.
6. That (a? in ~he evem of any brrach of th~s Mo~tgage o~ defa~:r on th- part of the MORiGAG~R, o. ;o) ;n the eve~t any of sad su~ns oi mur.ey
t,ere~n refe~red ro t~ not p~e•-~;,r,y and !~.+y pa~d v.~~rt~n th •t~ ,3;1: ds:s nexr a•te+ ~:^.e sa~*~e se.e>a .y ue;~•~ie d.~e and pa~aE~ie, w~r:~~o.:~ dr:~~a:~d o• ncr.c•=.
~r ,c; in thr event each and every the s!ip~ at~on:, ~~~eeme:~ts, co~d~•~a~s and co~enanrs ot sa d prw*:~ssor y ~~re and ~h s mort~ege a~y or e~fher a~e not
j~'y, promptiy and iw~y perfo-med, dscha+~-~d. execvted. e~fected, compieted. co^ip:~ed w~!h and dn~orCJ `~r, lhEn ~n ether w a~y sv:h event tne sa:d ao
a•rgate s~m ment~oned in sa~d p~omissory ncTe thzn re~~~a~n~ng unNa.a, w~Tn ~n!err,+ a.:~.,rd. and a: ~r.one~s se~cured hrreby, s~~a'.i b<co•-:e d„e and pa~~
e;;.~~ iorthw~th, or rherea'rer, ar rhe op•~on oti sa~d A10~TGAGiE, as r~.~y arr~ co~,~~r~r.~ es i4 a`: o'• +~:r sa,d s~~~s c; money were or.g:.:a .y sr ~:,,.ar~-3
- be pa,d on wch d::y, ar.y*h~n~ ~n sad pro~n:ssory no!e o+ ~n rhis tilorrga~~ te ~he co•~na~~ nptwrthsta-~c~, iC3; dr.j rh~~reupon o~ tnereafter a! rhe op+~on ef
s- ~ MORSvAGEE: wrtfiout no*:cr or deR,a:~d, s~~f at ~aw or in equ~t~, tne+eture o~ tnercarrrr brg::n, rt:ay be prosecuted as ii a:t moneys sewred hrreby
c.. d matured pr~w fo ~ti ~nst~tu~~on.
i. Tha± in the event thae at the beginn.~g of or at a~y rime pend;ng any su.t upo~ t~ ~s Mo•tga3e, ar to forecicse it, or to ref~rm it, cr to enforce
~.^~em o1 any c~~nns he~e~nder, sa~d htOr~T~:,:,~,:E sha~. apF~ti to the Co~•~ havinq ~~nsd:ct!on lherec,f to+ the aopa.nt*nent of s Re.e~:er, such Cc~•t s~:o.:
•h,nvfh appo~nt a rece~~er o+ acid n:o•tgag~d p~operty a:l and singu;a~, ~n,.:.d ng aii ano s~ng~~ar ~he ~r.coWe,~erofi~i, ~ssuea a~d ~ever._rs f~on v.h.!z.-er
~•:e der~ved. each and eYer~ of ~nh.c',, n be~ng express y undrrsruo~ ~s ~ercUy R~ongegrd as ~f spec~fi~:iy sej forth ano desu:[,cd m t~e g~an~,n3 a~:d
_•uendum c:a~ses hereof, and wch kece~.er sha~. ha~e a~t the b•cad a-~d e+tet•:~e fu~c~ o~~s and povte•i in anywiie emrosted by a Ce.,•t tc a Ri~cr~.e~, o d
s. ;h appo,ntrnenr sha!i be ~:ade by s~ch Co.:•! as an ad •~~ttrd eq~.^.y ar:d c n.d:tp~ of aCSO ~+e r.gM to se~dIlN101T?GAGEE, and v.~-~~::v+ ref~ re~,ce ~c tne
...eqoocy o+ lnadequacy o? the va:ue o~ the proF~erty mo~Tgaged or te fne aovrncr or .~,nc~ of Sdd Myl~l•VAJC~ or t~e deie ~de•,~s; a~.d ~h,t s.,:h
~*s, profrts, incu.ne, asues and re.enues sha~+ be app,~eci cy such Recrn•rr a:~o•d.,.g w The ~~en or ¢q;,rty oi sa:d h1JRIv%.~EE a::d rhe prac~~ce of s.,ch
..~urt. .
8. To CI~~y, pt~mp!iy and fuGy pe•'o•~.,, ducharge, execU+e. efi~cr, com;,:rte, co^~;.iy v~:fh and ablde by ea:h and every the st;pu at~;,ns, a~r¢~~nents,
c~~d~t~ons a~d covenanfs ~n s~~d pro.^.ussory ne!e a•~d tn:s onga~e sec fo~th.
9. That in the ev^^t the owne•sh:p of the *-~ortgaged pre~-,~ses. c~ a^y part tneree~, becomes vested in a pe-son ether th;n the h1,'~,R?v4G02, t~e
'~RTGAGEE. its successors and ass~~ns. may, ~n.rhout nor~ce to ihe ,tiSJKTG~~R. dea. w~rh s.,:h svcceiso+ o~ successor ,n ~ntertsT ~vrth refe-er~ce fo ~~i•s
~-rgage ano ,he d_•a~ hereby secr•ed i~ rhe sarne ma~ner as w~rh !.:;;~~~ago• w•snouf in any way vn,a~ing or d.scF:a•g:n~ the ?hor~g,gors Gab: ~fy here~
:.-~de~ w ~~~on tne dre~f here::. se;v~ed. No s~'e of ?he p~r^ ~sNs h_rr~; +rorrg~qrd a~~d ne To•bearance on the part ot Tti¢ Nl~R1Gi.GEf or irs s.,:cesaors
css~gns and no exte~s,o~ ot the •~~~e ior !he payn:ent ct tne deb' hr•e;:? sec~•rd g~ven br the MOR?GF.GEE o~ :ts succeisors or ass.gr.s, a:~a,l ope~ate
re!ease, d:scharge, mud.fy change or z~*ect the o•~g~na~. ~~a~.„ty o' fne h'.CiRTvAGJR t.ere~n, e~ther ~n who+e or ?n part.
1G. !t is spec f~ca~~y ae~eed that time is o{ the esse~ue ef +h~s co•~~racc end rhat no waive~ oi any o! '•gat•on hereunder o~ of the ob'igat;en se-
_.,•ed he~eDy sha:. a! an~ t~^:e 1:~z~Ed!'Br ~ he.d to b~ a v.o~~rr of the re:R;s nrreof or of the c~str~rnent secu*ed hr~by.
1}. :n e;i:i r.o~ to rhe rorrao ^.g r^onsh Y; a.me~z~s et ;>~~•.c pa: a~d i~~•e•rs• rea.,~.c-3 by tt:e p~o~ sscry no•e iec..~ed ..e~b~, mo-±y~yo- coYenan+s
E ~ ey•,rs ee Na~ SC ' tydy•.f v.~'h rac': r.~ ~ Ya~. r..r d" o..~ ~v~ld: Su'~: r5• , drC~j b~ ••.orr jagee ~o bz eq~a• ~0 1 12 of ~-~r c~, _a~ :os~ oi tnr 1o,~ow-
E
~ A-.>I~ rea' ~~ope.•; raxzs ie:-~e:: o• ass-~ss_d .:s• .h~ abo:e dcsc. ~,d .ra' es~~~e.
i
6_ p•;...,u..,s on 't~r., ar:d v.~-:asfo.,•~. ~ns.:•o•~:e as re•e:~, •.o~...-d to be ca•-•-~ o•: ~~e ~ ,•ove-ne~~ , .
s s.'va!e o^, the abeve desc•'N.d prea,~ses.
C-Pre~-~:~r-~s o~ s~ch ~-.ar_,ae gua•a~.•ti ,~sv*a• ce as n~o•tgag~r s~:a :rc ~ e•., d~.e.- ?:t to earry on t~,e toan secu~ed 'ne~ror.
N,urtgaare s':o .'ror: f:•-~e Te !~~~e nor f, ~,~•r_a~or ,r, r.~:•,n~ of the ar..o. d,-r and pa:able he~eundr a«d s..ch s.~'~' ShJ:~ t'r.r~ru;,on t,e doe a~d
: ;ble on the d~r cia~e oi ~ne ne,f n,o~~!n y par•••e~~t a~d e~cn S~cCeSSVe '•'o^'~ h~~~caft_~ ur+,. moriqayee sha'! not.fy ~~tG'!:.d~Oi et a change in such
;,,,nr. Su:h surns s~a.i t.r ap~~ ~rd ~~y morrgag-e ro.Ya-d sne parmenr of ~e~' p•epe~Ty ~dnfS. ~nSU~diCE p~frt~ ~~~*+5, d~d m~rr~a~v g.,a~a~ty ;nsurance
: 'em~ums. -
IN ~J:TPJ~SS YJH:REOF, the sa~d MORTGAv~R has hereu~to set his hand and scal the da~ and year first afo*esaid.
E ~ ted and de~ivered in the presence o4: • ~
f~'~ {~-`"`-~---~Seal)
~ _ . ~ lson D. Rich son ~~a,~
, „
n ' ~-(5eal)
; Ma E chardson
_ _ ~ ~KO~)
~ S'ATE OF~~~.O
? '_.~.Ut~ITY OF., y ~ ~
~ ~efo~t'me "~pqeag~d~ T~lilson D. Riehardson _ a„d
~ Richardson
h~s w~fe, to me weif known and knor~n to me to be
` ri~z indwidus4 desui~r6 ~nd who exec~ted the for oing instrum~ynt, and acRnow~edged before me that they exec~ted the s~me tor the purposes
s~ me•e~n exP?essed. ~'~1?`•/•~.~,~ E. niChSrdsofl -
r . ~ . ~ : T"" - ~ -
.~,re ~ ~~r~: ~d` ~ Wilson D. Richardaon
~ - u~,On a sepa•ate and private
~•am~natibp by~A{e- ~n,Sepa•ate and apart fro^~ her said husband, acknowledged to and be'ore me that she executed aa~d ~nstrurnent free~y and vaun-
~a~,~y and vAhout lny.<Ompulsion, consira~~t, app:ehens.on, or tear o( or from her said husband.
WITNESS my hand and offlc:a~ seal th~s_ _ day o~-__ J~nu~T~I A_ D. 1972
_ ~ /~'.~~~ix_ s !4c~P~t,~k .
Notary P~b:~c in and for the Stase of Q ~ Q
_ Rer~~m To: My Comm~ss~on eapues: y-.?O • 7~ ~ fiI~/ ~ I^~
~ ~
~ ~uvni r-~~
F,rst FPderal Sav~ng~ L loan Asso_:~!.on
FG~t~~,.•.~C ' f?LED t' it' ~.R~E~
~3 lll~4E ~ USjNTY l~
~G'''s .;;'}~1 GOURT
CtERR : ~
~ kFCC'•,, ti~ -
This Instrumem Prepared By J. D. Ch88t8in ~
vz First Federa~ Sav~ngs 8 Loan Assoc~ation ] q 4,, ~M 1Z
_ of Fo~t P;erce j 17'~~r~~$ ~ i'
~ [-'~7~~
Checked By - - IC ~.,~J~.. r~.i
'y~
~ BQCK PAl,f
~ 1~~