HomeMy WebLinkAbout0981 T~iTS ?!~ST~?L'!~: :"r ~quc ~ Rv.
a7ATE OF LOVlSI!1VA ~ (;~ATTE ,~10RTG.-~GE ~°~~ial tiatlOll81 ~~~~k ~n
PARiSN OF CA!)W ~~~1~~~ 2Shreveport
y po , isiana_
~ +I~rI ~1 P ~1 Sst 1 It
BE 1T KI~A~V\, Tis~t this Jay Ix(~~n• n~c, tM• unJcniKnnl ~~~t.~~• Puhl~c in .uxl tu~ tlx• alx~vc n.?nx~ an i a~x tatr. ~ u y aaumi...~urnrl
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vww . • ~w.. ,
and swotn. nmc anJ ap~x•.?n d
resideu~ of fhe Parisl~ uf . Statc uf l.uni~i.~n:~, nau~l uwNtk.~g~K In•n•in. w•Ix~tlKV u~x• ix nw~n•. N'IM~ ditilan~l
t}~+ i~NlrMal unt~ thc Ca~~un?rrcud I~~ti~~~r.d Aunk in Shn~~e~x.rt. SI?rrvc{xxt. [.ixiisiana, nNxt~eaRcr, n•pn.rnt~~l
herein by its duly autlN?riz~~l wKlcniy~x.~d ofG~rr, ur uuy tuture hoWcr uF dk hrrrina(ta•r deuribe~l ni~t~•, i~ tl~r aum af ~a~~~
~M~1M ~ ~S~ • ~ • • • • • • • • • • • • • ~ • • • UOLLAAS,
in evideace of whicl? i~Klcld.dn~~~ -givcn ar?c notc, datrd wiH~ this ait.
payabk to thr untcr oL ~l +nd by ~ endased in blank, payabk ut thc
bankit~g house of the Camnerciul N:~tional Bank in Shnr~•eport, Shrc~•rpo~t, Louiaiana. dur and pa ble ~p i~
8
given Rnd czerutrd fur thc pur~H~• a~xl a~as ~+~ntinuing rnUutrral sen~rity of presrnt a ~ligaticros to saM nxutgagee and M he tr-
ncgotiated Emm time te tinx. hcarin _ ecntum per annum intcrest from ntil paid, pmviding f~x the paymc~t c?f ail attor-
ney s fees inixvted in thr coqection e~ s:?id notc, or any portion thereof, including interest. whirh fees are fixed at twenty-fi~•e per irntum ( 25~ )
oE the amaint to be a~tl.Ytal, anel which notc is pnraplu~cl "\e Varietur° oE this date by ~ne. the undenignecl Notsry Public (o~ Klentific~atk?n
herewith.
Aad. in orck~ t~~ se~,~re thc payment of saHl rn~te, intcrest, caat nf cvi~ut, clwrges, att~?mey's fees. and aU expenses wh~ts~~rr, incluclin
intunnec prrmiums. wl~icl~ tl?c uwrtgag~~ ur any future IK~I~k~r of saHl rwte may incur w paY. and the due observance and prrfo~ ncr of eaa~
and~ry oovenant anJ agnrment an the part of the nxutgagcx hrnin or containecl in said note. the a~ortgagoc declam that
do by tl~ese p~esents, speci:dly mortgage ancl hypothec~te unto and tn Eavor of the said Commercial Nattonal Bank in S , its
suceessors aad ass' s, o~ any Euture Ix~kler of said note, togetl~er with all futures, accesso~ies. Rnd equipnxnt . raw fter
~ w~ ' . ' ~lil~1 l~~j~Y~~IRi~a i~is ~I~ [~M~Y. to-wit: ~
w ~ ~M. i~l *~i~ h,3~ v, ~
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'lUe above des~Tibccl prupe~ty is aud ~ k ~ + sich. L~wiriana.
F~~tAer. t6e n~tsa~o~ ~rvrese~!ts. stipuhtes. hinds. and ~~~n+elr ~ folbrrs:
To p~ p~o~t~r ~t ma~rit~ aa~d ~wM a~wl r~ery w~r d~~~. failurr eu ~wr ~+W ~e a~y ~~~*t ~s ~~~ra stiall autnre t6e
w6ole obHptlon at t~e optiw~ o[ the MWrr d said notr aud witlrwt aar aiaas:iH oF nutica ~u uf putrieK m de[tult tlk m~ke+s. eedo~sers. tu~raMOK. ar soreties oa
safd eoee.
11~t d~e p~ope~q~ eerein muclRa~ed is feee and cle~r frurn any lien. Privik'Rr'. mortR+ucr. w ather e~uebranees whalsoever. e~oePt tle 67Po1le'KKoe 1e+eis
c~eMad.
To par all at~eer's fees io~vmd ie t6e cdlection of said note a~ny por~ion tSrreoF. iocludint inte+est. ~rAid~ fees ve fi~td ~t Menb-five P~?. oeat~s
:23'~) ol tge asxottat !o De eopecttd.
'l3~t f6e propertY nnrtKait~'d Aerein sLaU teioain thm nn~lK~ltrd unhl full p~ymr+~t ot said nute. all rrnawals. u~d ao~npiete sdif~ctioa of t6e obli~Ko~++ 6eteiu
Prm'ided.
71~t the propertY wartlt~lR'd ~nll not he ased in anY manner ot waY in vidation of rn7r law d Ur United Shtes or ~ay state. o~ in viol~tioe d u~ awnieipa~
urdinawe. and io tie event d anr sucb rio4tioa. p~en. tAe Ir~kler uf said note sball Aa~r tAr riKht and aptio~ to mature said oote in its entiretp ~rit6ast aay aotice to
or p~ ie defanh of anr wuker. c~dwser. Rw*~ta~. or s~~r a[ said nate.
- li s~id P~P~'. 6erein~bove deser~bcd. 6e sei:ed Ay eit4er (eders~. state. or municipal authoritie~ Aecruse of +1k1[~'d f1kR~~ ~e d said p~ope~l7. tlKe. ie t~tt
even4 tie So~Wer of said aote sh~U Irae Nr riRf?t to immrd'utrly drelnr saiJ notr d~e rml erid~' in its entiKty ~t a~oe ~nd rithout t!e aeoas&Y of eotior ar
P~R ~ de'hult. And at tAe m~turity af s~id ~r~t~•. lrrxaya~r ariainX. am atKl ~II nx~~. su~da. Iw~eh or oHrr sa~vrities w property o[ aaY n~toR• r?I~aKoeve?.
on deposit. wAet6er Rener~l o? spe~cid, rsit6 ur IKW b~~ or in 1hr pucc~t.~~n af. or in Irrmit h. ~K fnMn. Hr• said hank. ac oollwter+L o? WLer~ise to tLe or
for the ~ooount of tbe parties hereto may. at U?r option nf said lunk. Iw• applk•d. ur sokl mxl Ilw• pnrcar~k applNd. to tM p~yme+U af said ~w~e, or t~ all~*
indeAtedness or liah~7it? dirrit w oontinfCen~ dur tn sud lw~nk 1~~ xm ~d thi• sakl p.utKS tlr~nKo_
71e a~o~tiRla aR?ecs tl~t tAe /ailure tu comPtY w~te anY au4C+~Mn, shpulr~.w~. ur pw.isiun Arrein contained. s6d1 eause ~6e said note. at t6e option of tk
' oOldlf ONlW. b OlOOn1! OUt in0 es~j~nie~ W Gou~p[~o[u ai tor mottRaRa~ nr~riu i i~c ~w-~~u~nwv ~~~iw.ui ~wc ..cva~as.~s .w -...~e.. ..~~.'..-.y~
I ~w~ic+e d viola~iow. .od web dem.nd aad no~ia~s arr herrhr spe~cl.llr .r.ived br ih • m~.rtxwK~,..
11e said mort~or hrrei~ aR~~'~s t6~t in thc ehrnt that w1R "via c ti~~a" wr tilyd ua tM hrreinahove ~kscnl~ed rote. d~e oo~tp~po~ does 6e~eAr
E saive fie tiree daYS ooti~e af de+nand for p~Y~t of the an u requi 6y Articlr ?R19 d thc 4wisiaea Code d Civi) Peooed~ue. aaid a~ortRa~por ei-
A~f 1P~R oo tbt immrdiffe issutncr uf w writ of seizurr upcw~ tbe i titulww~ .d a auil "via e:e~tiva" lo foreclosr tl~e propertY a~ortp~ed I~erein.
sajd ~bfallte ot (uturt MWer oF s+~id notc may l i~ lK•n~.~~ au r'vid to takr imnxdiat~ possession oE said prope~ty wht+ever (ound withaut
pmcess of lay aad to 6old same unhl the amount dur and m~~i~ paid 6~ t• lrn~av ~u aut nf thr pmneds af thr salc of said p~opett~ aad to t~at rnd Nr~
said propertr m~Y ~ s~ ~~~t fi~ mutP,:UN~r ay + ut p~hlic or private sak~ witlwat da~and fw periarmance or withwt notice lo
tlx morqpy[or. w-itL or rritLout havinlC such PropcrtY at 16c ~H~j of sak•-
71e mortR~40~ ~~+Y ~1G?ees and binds himcrl! to nc~P?~~ d~sc7ilwd mwMh• insured w~t risk o( iou by eoUisioa. fire and theFt rith
insurfnoe oompanies a~pub4 to nwrtR+Nn'r ~u am• futurr M said d~te n anr~unl c tlua thr sum ow-inK on the aote ircrtia descri6ed nnd7 the full
and fiod WYment af said notr and thr satisfactwn uf the ohli hrrein :tipu ral. ~hr i~i~t irnuranct to contain a clause th~t in t6e event of (ass. if anY.
that p~ t shtll be mack W thr ~uurtK+lt~ ~K +u~y futwe~ said mte. int~•rrs ~av a~~rar. +al to translrr aad deliver nnlo the said morqt+R'~'~ Hr.
aaid or polieies oE insur+~n~r. and the mcutl[+RUr a.nsrntin~t anJ ~Kr~K t tlw• swid rr shall Asve t6e riKbt to trarafer such Pdic'p M anY future hokler
of aotr. ud m ca~e d failure d thr said mortKaiau m Get such im thr srirl ~~wN~~n d tM holdrt the~eof. sdJl beoome doe and esi~pLle. 'I'6r
mort[~~. 6osever. is 6eKbY K~anled thr ri~eht. at its optw.n. '•case d f' said n ~ r((cct sue6 iruurance. tn luve Ibe ptopqlr Aeteia mortltnld'd
mo t
i~uured, ~nd ~o be ~eimimned fur all sums tor Ihat an e:h~nt euntitin ~a~qw~nt d this mortRa[e.
u .
'E'6e mo~hta (urtAer binds 6imu1 oot to rrmove t V~Y oW of tir~pQ~ w6erein it is stipulated Mirin th~y{ same is eo bete~e ~ritAout tl~e
~n
W~f«!O CqtltOl OF ~t~lOftRaRR Uf LIy fUA1R ~(~l7 U~ Syd Qi). ~ Z{U11! ~o ~t ~f~~a~a~s ~Kl~K~'s. iAd ass~ss~nrnes eh.~ mar be ;m~os.~ br e1~e Unie~d
States or ~~nr shte. Paris6. or munictipalitY up~n tlr• p ~n morqca upw a11uR u~ do so. tbe mortR~l(R. wa~ f~a~turc-6oldet d said mte. s~ll
have t6e ritbt tu P~r s~ae and be rri~nhurxd for all sums w t6at . o tlr a+bt ~~k~e Handred Ddl~rs. aed same sball he sewred br tbis mort~a~R-
to fumis6 aa~tRaRn'. in 1Lr event Ihep~p~~ ~nortK+tted i a is a vehiclr. t~ number a( tbe license PLte tLrreon aad d~e address wlrre dir
P~b is to be tept at any future datr; to kea~p th.- hr descr~ed in ~rq repair ard ealubit same to tbe moRRaRK. ar anr fuNre bolder d said
mer. at aMr time t6~t requrst it madr by the nwrtK+Rrro~ any (uture holder ~ use ehe said WuPr*b vritA reasooabk nre. sktll. aad caution. aad
aet eo wYrt or hi~e out the p~opertr. nnr aUmr same to F~'leed k,? wr6at is onl~ ~enn! property. rit6out tbe oonsent d thr ~pln'r- t6at in tbr
hi e
~wrwt d farecbsure. tbc mo~tm~ shaN iut~r the riXM WJ~vusr tlr ~aid V tt+ br~,qu~aqQse rcluntaFde candition. ia We event it shouW aot be fa sac6 oonditia~
at tAe dee d seaw~e tberrof. ad tLe eapeme w incurred shalt aprntr as a r ~wT i~X undr? t6is marttaEr m said ProV~7 ~d t~r oast thneof not m
r:ceed Owe Il~wd~ed~F~ Doilats: b ~atify tir evRK~UCR at ow~r ~o t6e t that descnl~nl D~P~Y shauW be sei:ed M' +p7 Pn~' aod in t4e
evrnt t6e 6e~ein ibed R~~Y shwld he aei:ed !o rn(~ a~ae~e6an. • • ~nd or a lamlbrd's Uee ~ad privilefte. a any ptber tirn ~ad p~ aud
altboultb t6e pra~seot ~nxtR~lte Primes t4e aforrsaid liens Pn~'ik~te+. i be ~ d tlr o~ortR+R~'~ b P~7 Me wm in oont?oversf. aed thr wm~cw~nt d
moneY +u t~eaded. not to esceed Onr Hundred Dol tx~come a d IDis aad he snvra~! tbereAY-
!t is furt6er wee'd beh?e~eo the parties 6e*eto tba ' av it s •~o institute • seare6 for Me p~opertY hereu~ ma11[~IKd at tlr tiior of
foreclosurc. tLat t6e e~ense of sueh srareh. not to e:ceed F nte u and be seavnd by t!b a~orqPlor. and shdl beowne a w~t of same.
It it fu~tber alpaed. in case mwtR+~w shwW broaa~r i~wil to he adi~dioted a voluetuy bu~n?W- ar in c~se iavoluawf~ ~P~Y.P~~d~Rs
be iortiN/e+i atainst mortaalG+~. o anp acdo~ taten Eow~ards the appoiatment d~ rrceiver. sYndic. ot avnto~ d faid mortluuor. or if to~e~elaswe p~ocee~d~n~ on anr
seaowd e~srtp~r M 3~ lirw ~Id I,e i~tt~ted. or if tAr properh ~hould !~e seized undrr am oo~sen'~forY w~rit issutd M~Y oourt. or sei~r onder anY writ af
flerf f~ci~t. or i~ N~e e~ent d deatA of tbe so~tl[~ICOr. ar disaPPrjnnR ti tit ~norq[~1DUr. t6en. aad ia tAd erent. tAe ~~Id nole s6t0. at tbr option d t!rc mortlplEre.
or a~ fndue Mlder of sald oote. rit6oat aotiR or ~ar~l Wttime in d'fwh. be~wnr dar and eric~le in its enKtrfl~. tmm teiwte ~oder tAe lawrs af tAr
'I7~e s~id mo~q[~lo~ further deelares t6at tAe praperty al~wr drtcr+bed is owned i~ e:eess aF the movab4 ProPMY ~~D~
Sute o! I.oaisiana and mort1f~10~ ~~7' vraires all e:emptrins (rw~ seizwe prorWed M tl~e Ca~stitutioa aad Law~s d I.ouisia~u. P~rti~vlariY t6e esr~o~ V~
in Louisi~n~ R. S. 13:3881. aed t6e loan IKrrin secvred ts ~wyde m t6e 3ecLration of safd o~ortp~ar tMt 6e it Wr bon~ fide owrner of ebr s~id p~p~r~
The said mwq[aloor fa~tlwr deelares tlut the proper abo~r dezcnbrd is orned in rzcess nf tM mo~~ahlr 1~Pnh eumpt liom seizure ~eder- tbe la~rs o( t\e
State af Lodsiant aad t6e Iwa Lr~ein ae~vred is made oa tYAe drelantioa of said mortltsRw that Ar is t6e boea fide owner d the said propeAr. ~ad Wt dr said
D~oD~*b ir o+ned In ex+ess af all ~~r~t~s
[t it a~~e~ed t6at oo waiver of a breae6 of t6r wrenana hrrein stipu4ted sh~ll be canstroed n•.raive. d am tAen ooatiouieR o? s~bse9ues~b wVP~*~R ~
breycA of tbr same or any atber aovemats or stipulations.brrcof: and tba4 in tbe event d t6e p~yw~ent a( a~ ~e~ouwt M' tbe morttaKK. or au~' fndue holder d s~id
rote. far iowranoe p~e~iust. hses. ~epai~s. or u~y ot6er e~e~ue ar mst sut6o~ised 6erein does not oblipte t6e ooARsi~~. or ~ny fulnre Aalder of s~id aote. ~o
continae~p~ sas~e ie tLe fnture.
'ilie~ sa~tp~ ~or ~pees oot to diea~oe. detrriara~e. a ew~vsber ~afd V~~~' b t4e PKiodice d d~k w~o~tsalpr. aad e6is act of e6tltel n~ortWOr slull
import aonfessiou d/~1P~ot and ~orflRl[a ~aives dl benefk af ~ppraitesent•
T6c c~Ktifiqte of mort~6e is hcrebY r?uved by We Pvtks be~eb.
In onnsider~atin~ o( the creclit r:te+rled. alortWC~ (and eoc6 af them):! ~nd relinquishes anY ond ~U Aanestead and other daims m eumpt~on (mm
r
i i~~ r e a~ h i e
h u n d
e r e x
i s ~
n~ a f
a l+~ lars m i
f t
ht he atsertrd aR+~~ Y~nt af the indebted~ess seavred AerehY. and further ea~ressb dtclares t
th.~t this wai~~er s1w11 apply W atl propertr now ow~ned ot here~fter ~ r.
TNUS DONE AND PASSED befae me. N~e undersitntd Na~f n!~.,,-, . "E ~~"'O "O~R~ wbO ~~O
~i~ned t6eir w~ees ~~~eare+s aad me. NourY Public. ow ~i;. . ~ • ~ ' ------~r °f ;
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"{:i,,i- (~p1d1~ISR NATIbN C 1 6VEYOAT
.1UBREY j. CAPEL.~~1, \otary Public : t~- ~
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