HomeMy WebLinkAbout2627 To pLc~ ard co~+ww~~ kcep on shs bu.Qr+9+ no~r or hs?sai~a u~wk on wd 4nd «+d on a!J eq~,3pn»M ~nd pKion+lly cow~ed bY this ina~¢
pR, wifl~ ~N ps~+iu~na dweaw p+a w fv:~. f~s wwr~~+u w dr vw+i stwd«d po1~ lan~, iw a wiw ~w~d bY ~M MORiGAGEE. ~od w~nds~am
iwrr~ew in die vwal ur+drd pots~r fan~. in ~ ws pp.or~d M d~ MORTWK'sEE. 1w wcb oa^P+^r w~a^Wn~s a t1r MORTGA(3EE m~y
dr~pj and dl f~~ ar+d .r~+ds~c~s ~wwarw D~s on ~^Y d sa~ bw+d'q~. +~fl Nwrp~ Mwein a p+rt tMrw1. in ~M ap~ep+M su~? ~taes~~d w
in ~aans N~a~of, sfi~l! cor+ww rir usw~ seandard e~orq+yK cl+uN or wch alw daus~ as t!r Mwtp+p» ~1? req~+r~. makMp tl~ 1wf undK sa~d po~i~
wa. e~d~ ~rd ewrY, wra~e w s++d MO~iGA+GfE as ws ~sst n.~ appw. ~nd s+ch and e~y sud+ Pot~ty a~++tl b~ parnpHy au ~ned u+d d~livaed to •
.n~ Ir~d bir s.~d MO~tG~GfE •s fw~h.? sew.wr +o ++~d r*wg+p. dea, and, ew~ Is~ tFyn Mn i1C! days ~n advu~c~ 01 tM sapir~tan ol s~ch polky, to da _
1"w~r b wid MOtiG/?GEE • n.~ewN Mw~ol, wqalwr .vi~ a.~t~:p~ 1a+ Nn V~~nMrw o~ wd~ renewal; and Ms.~ sha11 b~ no i"a~ a winds~am insu.ance
pl+ad aw awp d sNd buid+q~,. ~wp in~aa~ Mwsw ar part +Iw~of. unkss in rh~ ionw and wah Nw 1oa pay~bl~ as ata~s+id: and in tM evem sny wm
d aio.ry ba~can+q p+r~Wc urdu u~ pol~cll w poLc~s s+id JNORTGAGfE tMN M~ tht op~~on to r~ctiw Md apply the s~rne on xtovnl of tFw indebted~
nesa s~nlsd lw.~by a b pKarl s~id MOtTGACaOQS b~sceiw ~nd us~ iw ar ~rvy parf M~ereoi ta otner purposes. v.~~i+out th:.ao/ waivi~y w~~,p:~r-
~+~*Y aWRY. li~n or riplr .~d~r or bp v:rnr~ oi drs nwt~+pr ad in dr tveea w~d MORTGIIGORS slw0 fa any ~sason fail ro ke+P tM ~+id pre~niies so
inwred, or f«7 to del:wr proiwpll~ a~fr d s+~d Potties d irrewance b sa~d 1MOR1CaAGfE. a 1ai{ promptly /o paY fullY u~y prcmium ther~fot w in anY
.esp~cf faii a p~ore~, 6Klw~e. ~asM~ coewpis~• tomPh wid~ and ab.d~ lfy fM cownara, a anll P+~ her~of, said MORiGAGEE may place and
p~y for wd~ Lwrraew a~np prt N~red walw~w waivi~p a aHwinp anll op~a~. li~+~, pw+Y, or rgM und~+ a by vinus of this Matgap~. ~nd the
1~11 ~n~ou+r of ad~ ~nd eN+Y sud~ v+Y~ ~1 be 'rw~weduMly du~ ~nd p~trMab and shaN be~r imatst fran tM dat~ thereo( uroil pa~d at tha raN of
rrne per centuw p~r snm~ and wqe+he+ rnth wch in~e+est sty1~ b~ tecwed bqr tM fiw+ af tM ^wr~ps~e.
To pa~wit, oo+s~+if or svffN no wastt, iw~Dair~ne*a w dNer~o.~tion d srd property a+rM W+~ tl~ereof.
5. To pay a!1 and ynprfar fir casts„ char~es and ~speraes. inclufir~p ~ rs+sonablt mwney's iee and cosn of abstrxts of title, incurred o~ p+~d ~t
~ny ti.r by s~:d MfiQiGAGfE. bsc~vs~ ar i~ thc s•em d~ fa~Sw~ on the p+n of tl+e said N10RTGAGOlt w duly. Wa^Dth +nd fully p~rfonn, dachuqt.
eaeM~, dfecl, canpkt~ compFy w41~ and ab;de bq ~ and every t!M stipul+t~ons. agrssnrMS. oondaiorr. +nd oovcrunri d said promisswy note a~d Ihis
n+orfp+pt ~ or. e:rlw, ard ssd cos4, dwy~s and espeeres, sad~ anel ~var, shaN b~ iwwnediaNlp due snd payabtt: wherher a not rhere be eorice ds
~++~d. w cot3ecr or wo pend~.~p; ard d+e fuQ ar.wwM of ~ and eve~Y ~ o+Y'~ s~t bw in~erea~ froen tl+~ dat~ thereof u~~il paid the
ra+e of nine per u+uwn ~er a~~..r; ur.' aU s+~d co~sts,. char~es u+d acpenses incwred a paid, topsthe~ w~th wcl~ inesrat, shall b~ sswred by the lien of tha
'*wrtpa~p~.
6~. ihM in the era+~ of sir/ bcacl~ of ~k:s Ma~ya9s a defaule on ~he part of the NfORTCsAGOR, a(b) in the tvent +nY ol s~~d wms of ~w~eY
F+e.e:n rets~r~d a 1» na po~p~N x+d f~?~ p+~d ..~rtan dw.rr t3~) d.ys neaf after the sarne se,raatly becomt due s~d p~yabte. without dem+nd w notice,
w W in f6e ewent ead~ and erv/ rhe stip~i.arions, greawenss. cw~rions snd cova~ann of sa:d pom~ssory note and th:s mortyape sny w either ~re nW
fulY. D~~~V and fuitr perforee~d, dsclw9ed, e:ea~ted, affeaed. tauDlsud. ~Kd wirh and ats~ded ~iy, the~ in citi+e~ o~ u~y iuch event the.sa~d ag
pre~st~ ure merMiwied in said pom+sso~y note iF~en re~naininp w+p+:d with intsrest xu~ed, and all moneys setured hereby, shatl becwne due ~nd MY'
•b+r forrhwiel~, a N~ers+fu~, at :l+c opt.on of sa:d MIORiGAGfE, ss firiy and compte+chr as if all of rhe said wms of moewy were org~n+lly stipulated
ro be p~+d ao sud~ dar, siryN~inq in s~.d paee~ssory note or in rh:s Nbrg+ge ro?he conrrary notw~thstsndiny; and the~eupon o~ thereafte~ ~f the opt~on of
sa~d AROt[TGAGEf. ~riilaut na,cs a danr~d, we as Iaw a in equ~y, tl~esdore a tMreafter beyun, m~y be prosecuted as if ~II moneys secur~d hereby
had a~atwed yrwr a a~ insf:fvuor~ ~
7. 11+~ in t1K evn~1 d.at ar sF~e be~irrs~y of a ar sny tens pendng +nY ~ Wo^ ~~9+J~• a ro farecbst H, w b reform it, w to enfwce
p~ynrew ef srry daims herevi~i, s+id /AORTGi~GfE sl+ats apply to the Cowt iwiny 1u~:~d+a~oa thereof fo~ the appoi~?tment of ~ Reteiver. wch Court sh+ll
Forthrrid~ sppoiA a«rei.e~ d s~id eno~rtyaysd pope:ty aii and s+nyular, i+cl~,d~ng ail and s~ngutx rht income, pof~n. asues and revenues fran whatever
so;xce der:ved, sad~ and every d wh,O+. "a be~rg e~esstr underssood, is hereby mor+yaged as ~f ~peuficalty set ior~h ~nd desvibed in tl+e y.anrirg and
habar~ww clauses h~ereoi, ard wd~ lecehrer sha+~ F~ere aN ~i+e broad and sffecrnre funcr.ons and powcn in anywise entrusted by ~ Court to a Receiver. ~nd
s.cy, sppoi~,r,~,+t s1ut1 ye n,ade b~ sud+ Cu+n as an adm;rud aquity and s maner of absoiute riqhr eo ~aid MORiGAGEE, snd w~rhout reference a the
+Aequ+cY p ir~dequacr of ri+e r~1ve oi the p~eD~~*Y ~~+9~d a w rhe so~vency or ~nsd~ency of sa+d MORTGAGOR a fhe defendaon, and thst wch
r••,~s. Profilt,, incon~e, iswes and reva~ues si~atl bs app+~ed by wd~ Reu;ner sccord.ny w ths Iien a equ;ty of said MORTCaAGEE and the p~xtice o( such
C.ourt.
6. To dulY. pa~fl~ +nd fuEi~r pafor~.. dxlwye, taecute, effect. ~ur, complY witl~ snd abid~ by esch and svety tM stipulatiw+s, sy?cemtnri,
cor~Q'itia+s and torerunea .n sad po~+~isswy nde and drs niaqage set fareh.
9. Th~t in the e.err dir awnership d fhs nswtqaqed pernoes, a any pxt thercof, becanes vested in a person other th~n the MORIGAGOR, the
N.OqTGAGEE, ;is waes~on a~d ass;~,ru, rnap. ,,,Rrlwut nu:ce w rhe 1MORTG/10R, dcsi with wcl~ successw o~ :uccessor in interat with refcrence to this
r.~o~~spe ard the deb~ he+eb~r seawed in ti+e sarne nwrier as w"rth Morujaqw w:thout in any wsy vit~atiny a dxharg~ng the Morty~gors' lisbility hcrr
v*.dn w upon she deb~ hne~/ sewed No sa~e of ~he pe*n+ses he+eby mongaged arx! no fabea~x~ce on ths part of the 1NORTGACaEE a i» successo~s
or ass:gns and rw e:~em:oe~ d the sr++e f~. rhe ps~er.e,~t af the debs he*ety secwed yiven b1l the NIORTGAGEE or its successws or ass~g~a, shall operate
~o re~ease, decl~+rye, a~od.fr cl+rqe a affeu ths a:~l I:au~:,ty of the Mt~ItTGAGOR herein, tither in whole a in pan-
10. N a spc~s"fiu:i~ agreed ri~ t.we is of she e~serce of rk:s contr~cr and tha~ no ws~er of arry obtiq~ran herevnder or of the obliyafion sr
nxed haeby sF~i1 M a~rj trr+r N~arafie? be l~t:d b bc a waiver of the tenns hereof a of the instrurneM secured hcrby.
11. In sddf.c~n so »+c forcgc rq .ru•sFc'/ ya/+rt*sri oF p(r.t =.al snd :n:eres~ rcqu:red by the p~om;sso~y nore secured hereby, mortgsgor covensnts
~.,d agrees es prr w e.oruy~gee wak sa~ rrur++F?~ `s~r.~e++t an sdd.r~usal sun ese~r*ured by n+ortgagee to be r.~wl to 1/12 of the annual cost of the follow-
~ rr~
A-AH rtsl proDs*ty t~izs :e,:r' o. ass_ns._d ag;:-,st riv_ sbove d_xr:.z.ed ~eal est~re. -
6-Pre.+w~rs ow t~c and w:ssds*~rm s+s.ss`ce as nese~n req~rsd w be ca~ried on ehe ~mp~ovanr~h sitwte o~ the abOve dex~~ed pranises.
C-pre,r~:una a~ wd~ ~.crf~ige 9~r~rr~ ~rswuu as ma~tqagce shs.l frcm r:me ro tNne dcem fit w carry on the loan secured hereby.
Mor*gagee s~~a~t ~•~+e to t.r+e rnc~~f~ muv-~x~or nt wti1~ Of tff! a~^OUM ~ie ir~ PiyiM! F1eIl~Xldel irld iuCF1 fum shsU th~reupon be due and _
~ c>-i+bae on ~r 6~x da~s of ihs ~e,rt m~orais:~ pa~T.er~t ~nd ead+ successive rnonth tFiercaher ur.til mortqayee shall notiiy mortgagor of s change in wch
e-wunr. Sutfi s,xrn sf.s;i be a~...r~ ~i~ mc~r*qs~~ ta.rud ti+e pa~~+ent of real pro~rty ta:a, ira~xance prem:ums, and mwtgage guaranty insurance
~ IM V/fTtt£55 !M"zREOf, te~ s+~d MORTG/~tl3it has hdrFto se~ iws l~and and seal the dty year fint sfa id_
j Sealed sad dc''•~re+~d in the pesaste of. •
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B1 b C. Gali a q
~arE ~~aow t~~ov-[ NcG o Li o~~!-l°yR t o -
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coutm of S G~Z ~ •
~ defore iws p«sor~,~,tbj appeared RZa1fk Ctil ~pliII
slf Z7~ltb C• ~ZiQNa his wife, to me well known snd k~w~wn b me f0 be '
~ t?~e indrridwls desv~ in and ..~I+o szacuted +l~e fos insx~rN, and sciuwwfedped txfore ms thst tF~ey s:ecuted the !a~rlK ioc ihe purposes ;
81~1.'~abstb C. C~Iipeao ~ - ~ `
~.~di. ~?~e ~,~e • ` '
PsaNc J. Csl~i a ~ ' ' «,a ~
..:fe o~ the ss~e P~ ~ I 7RP+~ v~
e.eRir,~t:on by me ts:.a~ separass and ayart frarw her s~:d fr+st»nd, aduwwtedyed w and befat me tt~t she e~ceurted siid~(OaMtmta+t ft~f•v+d votun-
+~-:t~ ar,A ar=shovt sr+~ car~+s~rr~, uxs:+~nt. w fsar of or frorw her ssid Iwsband. J ....y' ''3~ s
wtTf~E55 ~r f.urd ard off~c..i ssal day of ~ _ .•~A.'.Qp19~_
~ r t' %
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K° c r`~~~i~ti~v 7'°/~R~ b
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~ een,.~ Fo ~,?i F e ~y " ' v ~ Q a : . • .
~ r.rst Fedlerst srr;ny. a t~an /b.ocia.,on Q:.
•
o~ y r~-. / , .
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~ i1LEC th, PEi:Uit0E0
This Instrume:st Prepsr~d By St_ IGCiE ~;~'JMTY FIA.
J. N. ROblztf, .Iz. P.'v:~? F:''RAS ~
firit Federal S~vings d. L.osn AssOCiatqn CIE~t C`" "~RT CGUA1fi
of fort P"rerce , 1?lor ids c : ~ a ~ ~ = = = . ~ ~...L ;
,~i ~I 12 42 PN'Z3
2;SS902 `
s~~214 ~2~24
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