HomeMy WebLinkAbout2330 discharged, said 1?Sortgagee may at any time pay the same or any pa~t thereof without wai~~ing or attecti~.`
nny option, lien, equity or right unde~ or by virtuP ot thia mortgage, und the tull amount of each und every
aurh payment shall be immediately due and payabte nnd shal! Lear inlerest trom the date thenw! unUl paid
at the rata ot ten per centurn per annum and togethee with such interest shsll be aecured by the lien of thii
mortgage.
S. To place and continuously kePp on the builtlln~s,row ot hereatter,e~tuate on satd tand fire and wtndstorm
S ~ j ~ } 'j
insurunas in the i~sual staudani policy fomi, in a su~' 'not less ttil~n ~1ie full inxurnble ~alu~•, in such com-
pany or comp^nics as may be appmved by aai~l Morlga~ce; and t?li such inaurat~ce policiea on any o! ~aid bulld-
ings, any interest therein or part thereot, in the nRgregate aum atoresaid or in excess thereot. ah+?ll co~tsin ths ;
usual stundard mortgagee clause making the Ic»s ur.de~ aaid policies, each and every, payable to said Mortga- :i
gee aa his interest may appear. and each and e~~ery auch poLcy shall be promptly dNivered to and held by aaid E
l~iortgagee; and, not lesa than ten daya in ad~•ance of the eapirntion of each policy, to deliver to a~?Id Mortgages
a renewal thereof, to~ether with a ceceipt for the premium of su~h ernewal; and there ahall be no auch insur- -
ance 'placed on any of said buildin~, any intemst lherein or part thereot. uNess in the fotm and wlth the loss
payable aa a[oresaid; and in the e~ent nny sum o[ money becomea paysble under duch pollcy or policiea aaid
MortRagee shell ha~•e the optton to receive and apply the same on account ot the indebtedneas aecured hereby or
to permit said Mortgagor to receive and u~e it or any pArt thereot tor other purpose~ without thereby waiWng
or impairing eny equity, lien or right under or by virtue of thia mortgage; and ln the svent ssld Mortgagor ahall
for any reason fail to keep the said premi~es so insuted, or fail to deliver prompqy any ot said policies o!
insurance to said ]?iortgaqee, or tail prompUy to pay tully any premium theretor. or ia any respecL tail to per-
iorm, discharge. execute, eitect, compleLe, comply with and sbide by this covenaat, or any part hereof. aaid Mo~tg•
agee may place asid pay tor such insurance o~ eny part thereot without waivtng or attecting any option, lien,
equity or right under or by virtue of thia mortgage, ared the Nt! av~ount of each and every such psyment 9haU
be immediately due and papable and ahaA bear interest irom the date thereot untll paid st the rate oi ten per
centum per annum end together with auch lnterest sha11 be secured Dy the tien oi t.hL mortgage.
4. To perrN~ commit or auffer no waste. impafrment or deterioratlon ot said property or any ga~t thereot.
6. 1b pay all and aingular the coats, charged and expenxs. inctuding reaeonabte tswyer'~ tees and cast o!
abatracta ot tfUe. tncurnd or paid at any tlme by sald Mortgagee becsuse eu?d/or tn ths svent oi the tallurs
on the part ot the sald Mortgagor to duly. promptly and tully pertornn. dfechsrge. execute. eKect~ completq
comply a?ith and abide by each and every the atlpulaUc~ns. agreementa, eondiUons and covenanta oi asid promis-
wry note. and this mortgage. any or eithe~. and aaid costs. charges and espensea, each aad every. ahall be lm-
mediately due and payaDle. whether or not Lhere be notice. demand <«Pt to collect or sult pending: and ths
full amount ot each ar~d evcry such payment ahall bear interest lrom ths date thateoi unW pald at the rate oi
ten per centum per annum: ar~d all sald coets. chargea snd ~sPeose~ ~o tncurred or p~t~ W`ether wfth ~ucb fa-
tereat, ~tull bs aecured by tbs Ifea ot Wa mortgaga . .
6. 'I'Su?L-(a~.ia-tbs.~vewtot..wfcbrearb.~Lthtti.martgage_or-dstsulLon.t?~..part.~oLiJu.,Mostga~s,-0r+11-1s
~eret -ianp- bf- asi~-sv~ta bt yneney-hee~ei~e~-reter~~ eo--be--not ~praetpli~r snd-tn31~r pai~ witfii~ da»r aact
afios-th~• saww-aNwcaUy. ]~coru~due.aa~ ~,yzbia. ~tLcut ~a[nand ~t aoticq. rpc aca-i~ ttsa.Q~ren~oac~ aad~ or~
!he-shpv~atiee~-sSreenteeets,~eaditaoea-~-ueve~a~~ls-ef~roweeea~+~?-wete andrNHS-inc~tgege.-ar~r-or either.
sn-teet-dttiy*,~ pren+pliyrand ~Fwly?-perfecwtedr ~ac?penged~-exeau~ei.-slfeete~iT-t~e~wgleted.-terwp~ied- welk--a~-sbide3
b~~t~-m-t~tttrer-tirany-suotrevcrrr; ttre~daggregate-snm~~tron~m-smdprvr~nsavrTimte-ttn*rrnmramfig
aiapeid-wil~- iwt~xc+atraoosredr.a~.r~an~ays.~cured i~rraby~-ot~a1L ~~uo-duQ.aad -p~yaL~-[osi~x~i.lt-or-EMe~e-
•f~e~r at~~te~ e~tio~ e~-said~tori~gagea.-aa.tully..a~d rotRp3eieL}~.r.4.i~albt.ihe~~t cu~us.o~ ~~c xePa ~riginaiijr
ei~{wlQiiea.a~be-pai.i-o+*-suat?~la;c.-aa~iag ~^~sQSitiscc~r3r ..,•~:~._a~~.ia~-tt+ia~wssgagvso-w.aoacr~u?y-~i-
w*itt~siandin~;-and -t~reupeir et•-H+ee~aftcr -n!~ t~-~o~tiatret-said-Mortgs~-wilhee~t-netieebr-de~nand.-enit-at
'~RMr"OT ~RlQtt~tf,'t~tCtltOfOlE,~O! ~l~1C!la4tEl~~Eb4iN-MQ~• b~tA6lCIlEl~ Q9~'!~- M~1l1elll~89E(?tl!'e~ ~lETEby~IRl~' MRltllE~ -
~prierta itsi~.stitntio~ .
7. That in the event that at the beginning ot or at nny time pending any suit upon this mortgage. or to
foreclo9e i~ or to reform it, and/or to enforce payment oi any claims hereunder, said riortgagee shall apply
to the couct having jurisdictton thereof for the appointment o! a Rece?ver, such court shall forthwith appoint
a Receiver of said mortgaged property all and singvlar, including all and singular the renLa. income, profits,
isaues snd revenues from whatever aource deri~•ed, ea.:h and e~•ery of ~vhich, it being expressly underatood, is
hereby mortgaged as if specifically set torth and descntxd in the granfang anJ habendum clauses hereof, and ~
auch Receiver shall have all the broad and effective functi~ns and pu~~:crs in an}^~rise entrusted by a court
to a Receiver, and such appointment shalE be made by such court a9 an ndmitted equity and a matter of ab-
solute right to said I?iortgagee, and without reference to the adequacy or inadequaCy of the valu~. of the prop-
erty mortgaged or to the solvency or insolvency of said Efortgagor and!or of the defendants, and that such
rents, protita, income, issues and re~enues shatl be as3plied by such Recei~er according ~o the lien nnd/or equity
of asid Mortgagee and the practice of such cour~
8. ~t-is~nder9leae~-nnc~-agree~~t~e!-E1~s-xaeFsge~+e-is~i~rQ~ac>-sew+rq-iw~dciitioa.loshe-r~eif.~-oc-obligaiion
-abov~ deseri~ee~ -aet~r-eddiliewa~ -ioews•or-f~LuFE~larat~eec-lr~ado.watbi~s..tv~wty ~art ~rou~ctats_ ~soot b~c..il~
-n+ert~a~ee-le-Qeid-inorEgage~s~-of-awy~ ~ac.~eess~ ~ L~Ne-of-_saia-waw'Lgzgos.s-ai--ibo-~soport~Nesob~ -ce~su~Y~ed:
-~rov iclec~- t~txit- tite -tetel-a~~pa~d ~aalar~p e~ t1~e .+r+ciol~tedaiesc sacu red ~eceby.. ~L aruy..oAe .Li~ie.slaalLnat ..e~ad
-ti~-ewa~it~tt~ ~Fir~c~i~a~-er~jw~-ef .L~llass.
l S pia~ i~if.~ses4- t~es~ewe?- ~-as?~ -cksbur.csAaeAtr ~ad~ brt tho ..naorigaga4. to~ ~.be..µ~~.- -
-~wcwt-ef-taxea -aewric~s-oF -~r~s~raweo-oA -tbe-prepeFt3i -~e,wca~azbor.~d..bor$hy.r suith .Sniar,vst..os~..sa~ct~..ctislw~twueats.
IN WITNESS WHEREOF, the said Mortgagor haa executcd thia mortgage under eeal on the day and y~ut
herein tirst above ~?ritten. ~
Signed, aeal an//d~ delivered in the esence ot: v.$. . LTY , ,
~iu , ~y . , , 4•, •
~ I , .
~ Li aseotes , 'Se ary
: _
_ - ~ ~ .
sy~: ~ ~ ~r:
Francis N. - 'f~°='~" _
Ser ~ =r:~ • ,
Vice Presi nt • ~"~`~,~`'h%;--,
; _ - ='~!rr
. •~~I~ : F~~~.?'~.L"
. S 4 ~Q'.~:~. . .t!`'-
.
STATE OF_ _ ~ ; 6.- - : - :
- o S g ~ ,
. ~ • , . ~ Y
< T < ~
W ~ i i'' . . - _
COUNTY OF.--•-•---•-•--...--••-••-• . ; .
'r: ~ ` ~
s
~ ~ - I':
Y. ~ • o ~ :
' ~
Before me per~onally sppeand.•-•-.........._.......____._..._..~.~...»....._..__.__._.._ : ~ ~
. ~.~t.'~c3~ •',~(1~ ' -
-
.
to me well known and know~r? to me to be the individual_... described in and who executed the foregoing inatiti-
ment~ and acknowledged before me that ._..he..._ executed ihe same for the purposea therein expressed.
WITNESS my hand and oiflcial aeal this ................_.-----....day of........»........__..._......_....__.__............._., 1~........
Notary Public in aad for
the County and $tste Aforeaald.
My commission ~pirea:
- 3 - ~a~?~~3 ~2330
_
~ ~ ~ - ~ -
~~s;`~~"° ~ ~ t - r~ z w
~
_ -