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? To p;ace ond cont~nuousfy keep on thc bv~ld:rx~s now w hereaiter a~euete on sa7d ~and and on atl eq.,fp~nrnr a«d peno+wlly covaed by th~s murrg-
ege, w~th all pem~ums thrreon pa,d in fu~l, fire insu~ance in the usual sranctard po)icy fam, ia s s.+m approved by the MC~R~G.tGEE, and w~ndstwm
~nsurance in the usual sunda:d pol~cy form, in a s~m ap~xoved by the N1(iRTGAGEE, in such compsny o~ compart~es as the MORTGAGEE msy
d~rect; and all fire and w~nds~orm i~su~ance pot~cies on any of ssid bu~ld~ngs, any imerest ther~in o~ pa.f therrof, in the aggrcga?e sum afacsaid or
en eacess Ihr~eof, shall tonta;n ~he usual standard matgagee claux a svcA othe: c~ausr ~s the Mo.tgagee may requ'ae, making ~Re toss under sa~d poli-
c~rs, each and every, p~yable w uid h10RTGAGEE as ~rs ~me~est may app..wr. and each and e~ery suth po!~ty shall be p~omptly ass c~ned and de'~.red w
eny held by uid MORiGAGEf as l~rther security to seid r++ortgage deb?, and, not less ~han t~n (10) days i~ adva~xe oi the expiration of each pol~cy, to dr
tivcr ro said MORTGAGEE • renewal thrreof, toycther wirh a rece~pt fw ~he premium of such re~cwal; and ther~ snall be ~o f.re or w;ndztorm in~~rooce
p~xed on ~ny of sa:d buifd~rgs, any inttrest therein ot part thereof, unfeu in the (o~m and with the loss payabFe as alwesaid; a~+d in thc event any sum
of money beca„es payah:e undrr such poliq or poGc:es said AIORTGAGEE snalt have the oprion to rece~ve and apply t1x same on accouni of ~he indebrrd-
ness seccred hereoy w ro permit sa~d MORTGAGORS fo ~eceive and uss it ot any part the:eof fw.osnei pu~poaes, .~.:tF.o.,t th_•~o~ -ra~.[.,3 c~ „e.;:~~r-
~ng any eq~+ty, t~en or rght under or by virtue of th:s mo-t9age; and in the event ~aEd MORTGAGORS shall for any rcason fsil to keep rhe sa~d p~eTisos so
~ns~red, or fail to del~ve~ promptly any oi said pot~cics of insurance to satd MORTGAGEE, w fail µompely to pay fu~fy any pre~n~~m there4w w in a~~
t re~pect fail a perform, d]scharge, execute, effecL comptete, comply wirh and ab+de by th;s cove~are?, or any pa,t he.eof, s~,d MGRiGAGEE may p~ace ano
pa~ fw svch insurance or ~ny part thereof w~thout warvinq p affecting any option, lien, equityt « ri~ht unde~ or br Y~~~~+e o( th~s Mortga~e. ~nd the
iu11 amount of each ind every such payme++t shall be immed;ately due ar.d paysble ~nd sha11 bear interesf lrom ths date the~eof unril paid at the ~are o!
n,r,e per :entum per anr.um and to~rthr~ w;th such interest sha0~ tx secured by tlx lien of this mwtgag~.
To permit, commit w suffer no waste, unpairment w dcterioration of said property o~ any part thereof. -
5. To pay all and sing~lar the tosts, charges and eapenxs, incivding a reasonable sttaney's ice and costs of abstracts oi title, incurred or pa~d at
~n~ time by sa~d A10RTGAG:E, lxcause d in ti+e event of the fa~~ure or+ the part of ~he said MORTGAGt)R to duly, pra-nptJy and ivlty pNlam, d~xh,~rge.
_..~curr, rf(ec1, complete, comply w~th and ab:Je by esch a~d every the stipv~at~o~s, aqreements, conditions, and corenants of sa~d promissory ~ote and ~his
,,:orfgage arryr or either, and sa~d costs, thargea and e:penscs, each and every, shail ba immedialely due and payable; whe~her or not there be nat~•_e dr
r.,and, attempt ?o cotlect w s~it pend~nq; and the :v!! amount o) exh ar+d evr~y such payment shall bear ioterest from the date thereof until pa.d a! ~he
~e of n~ne per cenrum p,:r an~iu~~; and ali sa~d cos~s, charges and expe~sea incurred or paid, together w,th such interest, shatl be secured by the tien of th~s
mortgage_
6.~iha~ fa) in the evenT of any b:esch o( th~s Mortqage w defau7t on the Fart of the MORTGAGpR, cr (b) in tht event any of ss:d sums of m~ey
he:e~~ re~e~red to be not promptly and fully paid wrth~n thirry (3G) days ne,~t after the sa=r.e se~era:!~ ?~e:or.^.r dve and !+ayabte, without demand o~ not~ce,
or ;c) in ?he evem each ~nd every the s6puiauons, agrermenTS, co++dt:~o.,s and covenants of ss:d prom~ssory note and th:s mortgage any or either are nm
i~:y, prompNy and fuUy performed, d.scha~ged, eaet~ted, effected, compkted, tomplied with and ab~ded by, then in e:ther or any svch event the sa~d ag
~rrgate s~m mentioned in said promissory note then remaining unpa~d, with in~e~est accrued, ~nd att mo~eys securcd hcreby, sfia:! becarne due and pny-
++~:e forthwith, w thereafter, at the option of said MORTGAGFE, as fully and comple:e:y as ii aH oi rhe said wms of money were or;g~m:ly st~p~:ated
ro be pa;d on such day, anything in sa.d prpm~uory oote a in this Mwtgsge ~o ~he tor.trary notw~thstanding; and thereupon or therealter at th~ oFtlon of
ss:d MORTGAGEE, wiehout nor~ce w demand, suit at law or in eqv~ty, therefarz or tAereaiter begun, may 5e prosecvted as if all moneys secured hereby
r,.;d md/ut~ Pt~pt t0 ~t! i~SlitutiWL ~
7. That in the evcnt that at the beginn;ng of or at any time pend~ng any s~ t upon th7s Mo~tge3e, or to fwetlcse i?, or to refarm it, or to enforce
~~ayment of a~y tlaims hereunder, said MORTGAGfE sF~all apply to the Covrt havirx~ jurisd~ct~on thereof (or the appointment of a Receiver, s~ch Gou~t shail
i~rthwirh appo,nl a seceive~ o! said mortgaged properq all and s~rgul~r, in~.vd~ng a:l ard aingvlar the income, Nrofds, issues and revenues from whatever
s~urce derivcd, each and every of wh~ch, it be~ng eapressly unoers~ood, is hereby mo~~gagcd as if speuf;cal:y set futh and dexribed in che g~anr~ng and
FaE,endum ciauses hereof, and svch Rec-~ver shail have alf the broad and effect~ve funcr.ons and powers in anywue enrr~sted by a Covr~ to a ReceiYer, and
s. ch appoin!ment ahall be made by svch Co.rrt as an admitted equity and a matter af absotute right to said MORTGAGEE, a~+d withoul re(erence to the
edequacy or inadequacy of ihe val~e of the property mongag•d or to ihe so:ve~cy w~nsoh+ency of ss~d AAORtGAGO~ o~ ~he defendanrs, and rhaf such
.e~ra, prof;rs, inco.~ne, iasues and revenues shall be appl~ed by such Reteive? according to the lie~ a eq~ity of ssid MORTGAGEE snd ~he pract~ce of such
Court.
8. To duly, promptly a~d fully perfwm, dischargc, exec.,te, effect, comp~ete, compty with and abide by each snd every the stipulations, agreements,
dnrons and covenanrs ;rt saed prom;ssory note and th;s mortgage set forth.
9_ That in Ihe ever.t the owncrship of the merigaged premius, or any part thereof, betomes vesMd in a perwn othe. than the MOR7GAGOR, the
N.~RTGAGEE, its successxs and assigns, may, wifhout nor:ce to the MORTGAOR, deal w~fh wch successor or s~ccessor in interest w~rh reference to fhis
~ orrgage and the debr hereby secured in the same maoner ~s weth lNo~fgagor without in any way vitiating w dischargirg the Mwt9agori Iiab~l~ty herr
:.•,der w upon the deb~ hereby secu~ed. Na sale of the Frem~ses hereby mo~tgaged ~nd no forbearance oe the part of the IdORTGAGEE or its successo+a
c~ ass~gns and no exte~s~on of ?he ume (or 4hB paymenl of the debt ncreby sc~cured given by rhe MORTGAGEE or ~~s successw: a ass;gns, a'u)t ogerare
ro reieau, d~xharge, rnodify thange or affect the original liab~lity of the MORiGAGOR Aerein, eitiKr i~ wtwie w in part_
10. It is spec~fKStly agreed rhae rime is of fhe cssence of this co~rrau and that no waiver oi any ob~~gat~on hereunder w of the obligation se-
cv:ed Fxreby shali at any time thereaftd be hefd to be s waiver of the terms hereof or oi t~ instrument secured he:by.
11. In addnoa to the forego.ng monthly payrcants of pn~t pal and inierest reqoired by the prom;ssc~y no!e secored he~eb~, mortgagor covenants
d agr~es ro pay to m.ortgagee v~ith each month!y payment an ad~~f~onal sum e::~msied by mortgagee ro be equat to 1; 12 of t:ie annual .ost of the foiio+v-
~n3:
A-All real properr~ taxes le~ied w assessed agaitiat rh•_~ above described re~( estate.
B-P~em~ums on fre and wirtdsrorm insu.arce as. he~ein rrq~,'red to be carried on the ~mprovemenrs s~tvate on the above d_scribed premises.
C-Prem~ums on such mortgage guaranty ir.surar.~e as ma.tgagce shall frc-: t:me ro time deem fit to carry on the loan secured !.ereby.
Mortgagee sha:l from t~me ro r;me notify mortgagor m w+m~g of the amw:~t due and oayable here~ndrr arx! s~ch su~n shall therevpon bc due and
.;abto on rhe due dafe of the next mo~th:y payment ar.d each success~ve month the~eair~r ur.til mcrlgagee shaA not;ty mortgagor of a chan~e in wch
ovnt. S~ch wms shail ~ apE. ~ed by mortga~ee toward tne patment of real property taxes, insurance p~em:ums, a,id mwtgage guaranry insu~ance
, 'erii~ms. '
IN ~'11i,if55 YlMER~Of, the sa~d MORTGAGOR has herevnto ut his har.d and seal tM dsy and yea first afc~esaid.
S~gn :d, Sealed de~rver m the p?cscnce of: ~
~ / ~ witness as to
~ Alice Bartell Garcia
- ~ • • ~ ~ l Neraldo Garci
(Sesq
- witness as to c5~aq
• Hera2do Garcia ~ ~ f f~~u ~~s~~
_ . , . . _ _ _ Alice Bartell Garcia
srAt~~•iios~nA ' ~ ~
c«;?mr' aF `':'~r~, ~ ~ G`'1
~Ct~
`~~,)T,"~iQo~s,nep...o,,,ny,pp.,.ed Heraldo Garcia ~ ~
~ ~~to rrw well known ~nd known b tn~ to bs ~
rF»~`~d"ivid~~l jlucri6ed b+ u+d wla ~x~cuted tF~s fonyoinp tnstrvm~nt, and ac;cnow{~op~d b~for~ nw 1Fat ~M~ ~x~cuted tM ~am~ fw tF~ pwpos~s ~
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-•:"•'I~NE55 my lund and official stat t' dar ~ A. D. 19 73 ~
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