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AN ~tk[es aM a/orsees -~r or Mns~ffer ![ca~YY ~artks Aettte 1MW7 a~d ~ab ~raire dt~M, Mtitt d ~o~rp~t aM ~r~tes~, ~M a~[e
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_jp STATE DOCUMENTARY STAMPS
'.AFFIXED TO ORIGINAL NOTE. - s Mar uerite L. Walker
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/ s % David Lanie r
Drt~ I~is cs~?u
.~H /s/ James L. Walker
~t~ s/ Betty
R. Lanie r
~ B~lt~' ~L~
~s ~ f«ur.a br ,.n«.p~e or .v«, ate .x~eM.a ey nWcees in r.vo. of tl+. citiz«~s w~wn.~ e.rc of N.pN.~
~h ana s~ia~p~r~or~m,~comp~y~i~~~a~ncr~a~~e by~~ac~nd~e~ve~y~~t~~st~`ipuTat~ns~a~gree~n~ts ~con itions an
c~ver,ants of said p~omissory note and of this mortgage then this mortgage and the estate hereby created
shall cease and be null and void.
AND the Mortgagor dces hereby covenant and agree: ,
2. To perfam, cemplr with ae~d aDide by each and twery Uie slipulatans, agreements, conditions and caeeants containM and set farth in saiA
aromissory nole and this mortgagt dKd.
2. To permit, commit or wfier no wasu and to mainuin lhe impraements at all times in a sute of good ?epa'r and condition; and to do or
~ Perm~ to be do~e to said premises r:othing that will alter a chan9e tAe use and charxter d said propMy a in any way impair a wealcen tbe sawity of
this r.~ortgage. And in wu o( the refusal, negktt w inabilitr of the Mortgayo? to npair and maintain sa~a aoa?ir, the Nlortg~9ee mar, at its option, malce
~cA repa"vs or cause tEe same to De made, and advana moneYs in that behalf.
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3. To pay a11 and sw~9utar the t~ces, uscsFments, {eries, IiaDilities, and obligations of errryr nature on said desaibed p?opMr ead? and erery
when~ due and paya0k xcarJinq to law, Defae the) DKOm! dtlio4uent, and to deliver to tAc Mortga9ee m a befae MartA 15th of each ~rear U= reaipts
evidei~ing the payment_ of alt lawfulty imposed taxes for the praed'ug akndar year; to indemnHy the Morlgagee upon its demand for all wces, usessmd~ts
and thargcs lhat may b! assesstd upon this morl9age on the irtdtbtedness setwed herebr and pai0 py tbe Mortgagee, witAout ~egard to 3tt) lir 6tre/ofort
enacte~t a he.eafte? to be enactcd imposin9 payment ot the whole a any part tAereof upo~ the Mortgagee. j
i 4. It a conrersnce sAould 6e msde Dy tAe Mortya9a of tRe premises herein descriDed, a anY put hereoF. and tAe gnntee namcd in wch ton-t
~eyancc Iails or refuses to aswmt the paymcnt of tne obiEqation erideeced by sa~ a«o~ssory nole anQ securM br this mort9age, artd in xtordante rith~
cne:r re~pectire ~erms, thcn and in that eve++t, ac tM .,,,:~n anQ upon the Oemaod ot the Mortgagee ail wms of money secu.ed herebr shall immediite
~econu fwthw:th due and paraDk.
; 5. It is further carenuncd - and agreed br uid parties that in the erent of a wit being instituted to forecbse this Matqagee, the Martqigce
i shall De entitled to aoply at any time penAing such taetlowre wit to tht tou?t harinq jurisdictior+ tht~eof /w the appointment of a reteher of all ~nd
s,ng~tar the monga7~d propertr, and o~ all .ents, incomes, p.oFits, issues ani revenues tAereof, fran whatsaerer sowce der;rcd: and thereupon i! is hereby
E z,cpress~y covenanted and a9recd ihat tf?e cou?t shaN (orthw:th appoint such receira with lht uwal powen anQ duties of ~eceivers in lic! usK; and said
; appointmenl shall be made by the cou~t as a matter of strict rigAt to tht Mortgagee, and without rc(erence lo tAe adeqwcy a inadeSwcp of the valre d
~ ~ne propertr hereoy mortgaged, a to tne sohenc~ a insohrencY oi the Mangagors or an~ other party Oe(mdant to wch wil. TAe Mangagor herebr spe-
~ c~fiwtly waires iDe r~ght to obiect lo the appointment of a recener u afore;aid and h~rebr expreuh consents tlwt wcl? appoimment shall be made as an
s admrtted equitr .~nd as a mattn oi atsolute right to the Niortgagee and lhat ihe same mar be dont w:thout nolice to the Matgagor.
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i 6. Ii for~cbswe praeedengs should be instituted against the - pro?My wrerM br this mat9a9t upon anr other lien a claim whethn alkytd
to be super~w or ~uniw to the lien of tAis matgage. the Matgagee mar at i s optan immed'utery upon institution ot wcA wit a during the pendenct tMyrof
~ Ceclarc this malgage au~d the indebtMness secwcd he~ebr due and parabk torthwith and mar a? its option praeed to torKbst this morl9aqe.
7. To ~par aIl an0 smqulu the costs, charges and expenses, includ+ng attaners tees and absVact costs: rasonaby inturred or paid at an~ time
t br !ht Mat9agee because oi tAt ~ailure ot tht Matgagor to pertam, tomply with, and abi6e Ay tath and Mry lhe slipuWlions, a~~emeMS, conditions, and
co.cnants oi said p.omissory note an0 M this matqa9e, or cither.
x That tAe Matga9or will keep all real a~d pcrsonal p?operty now o~ hertafttr t~tumbKed br tM1t tiM of this morlgaqe inw?M 2s mlr be re-
quired from timc to timr by d!e Mortgagee aqainst loss by tire, windsYam and other hazards, qswlties and contingencies fa wch periods and fa nol kss
than wch amounts as nwr be ~eaui.ed by the ortgagee and to ~r ao~,~eiy w~en due all premiums fa wch inwnnce. The amounts of inw?ana repuired
+ by the Matgagee shafl be the minlmum anaunts fa whicA said inwrsnce shatl be wriiten and it shall be incumbent upon tht Mortgagor to mainlain sutb
- aA4it~ona! io~urance as mar De necessary to meet and complr tuliy with all co-inwrance re;uirements contaieed in said policits to lhe end that said IiAort-
; 9agor is nol a to-insura thercunln. Inwrance shal' be written by a company a comnanies aporored a dtsiqnatM br tht Mortgaqet and all polities anQ
: ~enewats tt.peof snail be he11 by the Mortgagee A!1 deWikd designations by the Malga~or rrhich ue accepted by the Mat9agee and all aqreemeMs pe_
;wten Mortgaqor and MatSaqee relaling to insurartce noM exisliny o~ hrtafter made, sh,all be in wr'linq and shall be a part of this mo?tya9! agrttrtient
as tuuy as tho~9h set iath rerbat[m herein ai~ shatl gorern poth parties hereto and t'eir successors a~M assigns. No lien upon any of said polic'~es p/ ie.
~rante a uox+ anv ?tfund a return premium which mar be parabk oe ihe tancellat'on a terminalan lhereof. shill bt g'nen lo otber than 1h! Mqtgagte,
e.cept bt prooer endorsement a((~.ed to wch policy and app.oved br Nlatga9ee- Each polit~ of insu~ance sAalt hare affi:rd thereto a Standard Nex York
•.1o?tgagee CWu<e without Co~trib~tan, makmg aN bss a Iosses un9er wcA paicr na~able to tAe Mortgagee as its intnest may aopear. ln tAe erent aap
- um a wms of moeey Decome paraDle thereun~er the Maigayee Shall hav~ the oaron to rKe~ne anA aoWr the Same on accd~nt of lhe indebledness hlrebr
? ~ecure~, a to permit Lhe Mortgaga to reccrye and use it. a any psrt there~i, w;thout thereb• waivMg a imoairinq anr e~~r, nen a? ~iqht ueder and
- cy v:rtut o( this matgagt !n ereW of loss a oA~s'~cal Gamage to the mat9~9ed Max.tr lhe Morigaqar shstl girt immtEiate nolict lhtreof bp maU tp tAe
ti Matqagee and lhe Matgagee mar make p~oot oi lo~s ii tke same is not made oromotl• bv the Mortqaoa. In event ot faecbwre M this mortqaq! pr ahn
~ transfer ot titk to l6e ~tgd9t~ propt~tr ;n ex[~nnuishmer+t o/ the indeDttdn~is setu?~ htrebv, 711 right, titk and intertsl Of lht Mortqay0r in yb tp y~y
i ~nw?anct ~iCitS then in (orce shall psss to tAe w~r~haser a g?antet fl A
aoox 216 ~er,~ 279~
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