HomeMy WebLinkAbout1337 and s{~all pe~Jorm, comply wilh and n6ide by enca and ei~ery the.~ ~greements, stlpulationi, conditions and
coi~enants thereo~, and oj this ma?tgas~e. lhpn this mortgape and the estate 1?ereby c?eated, shall ceaae, ds-
Inrmine aud be null and void.
Ihp morfga~or tien~by ~urltier covennnts and ogrees lo pay prompfly when due the principal and
internsl and other sums o~ money provic~ec~ lor in sai~ note and Itits mortgage, or eiltier; to pay a~~ and
singular Ihe IAICPS, assessme~~ts, levies, lia6ilities, o6ligations, nnd encum6rnnces o~ every nature on said pro-
pe?ty: fo pe~mif. commii or suffer no waste, impairmenl or c~eteriomtion o~ said ~and or !he imp?ovemenla
IF~Prrcn at any lime: to kppP ~hp buildin~s nou? or hernaj~~r on saitl Iant~ ~tilly insi~red in a sum o( not ~eu
than
in o compa?iy or ~~ompanies accepfa6le to tl~e morfgagee, tl~e po~icy or po~icies to 6e hpld 6y, aner paya6le
fo, sai~ mortgagep, an~ in Itie e~~en! any sum oj money hecomes paya~i~e 6y ~~irlue oJ such lnsu~ance fhe
mort~agpe shall tiai~r Ihe rigl~l fo rcu~eive anc~ apply 11te same to tl~e inde6tedness herel~y secured, accourtting
fo f~~e morl~anor for any surplus; lo puy a~~ costs, c~arpes, nnd expenses, inc~uc~ing ~awyers ~ees and lil~e
searc~es, reasona6ly incurrptl or pai~ ~?y the morlgagee 6ecause o~ I~e fai~ure o~ Ihe mo?fgagor to prompt~y
ant~ ~ully comply iaifh t{~e agreemenis, stipu~afions, con~itions and cot~enanls oJ saitj note an~ I~is mortgnge,
or eif~~er: fo perjorm, comply u~ith and a6ide 6y each and every fhe agreements, slipu~ations, condifions anc~
covenanfs sef (orl~~ in said note dnd ttiis morlgage. or eilher. ~n the Fvent l{~e mortgagor (ai~s to pay u~{~en
due any tax, assessment, insuran~e premium or other sum oj money paynble by nirlue o~ saic~ note and this
morl{~age, or either, the morlga~ee may pay fhe same, iuithouf wniving or aJferfing !he option fo ~orec~ose
or any otlier right tierpund~r, and aIl such payments sl~all 6ear interest (rom date therea~ at ih~ higF~est Iau•-
~u~ rate 1{~en allo~recl tiy f~~e ~a~us o( f{~e Sfafe o~ t'~ori~a.
D` any sum o( mon~v herein re(errPCJ to be not prompf~y paic~ wiltiin thirty days nexf njier
t{~~ snme bPCOmes due, or i) eacf~ an~ Pl'P~y I~P Q~lPBI1IPIIIS. S~1pl1IQIlOI1S, fOR~itions and covenants o( snid
flO~P Qfl~ ~l11S morf,qa~P, or Pl~~Pr, Q~A I10~ JuIIy performecl, complipd Wt~~ and a6~ded 6y, ~~Pfl t~P enfire
sum menlioned in said note, an~1 tl~is mortgage, or th e entire 6n~ance unpai~ Ihereon. sha~l f
orlF~u~ifh or
t~ereaJter, al ttie option o~ If~e mortgngee, hecome and 6e due and paya6le, anyt~ing in sni~ note or herein
to t{~~ confrary noliviftisfan~~ing. Faiiurn hy f{~e mortgagee !o exercise any o~ the rig~fs or options herein
provic~c>c~ stia~~ not constifuf~ a u~air~r oj any ric~hfs or oplions unc~er sai~ nole or t~is mortgage accrupc~ or
lhernaf ter accruing.
~n ~itness ~hereof~ tliP said mortqayor hns hPrPUnlo sinnec~ and sPa~etl t{?ese presenfs tF~e
~ay an~~ year firs! abone u~riflen.
Si~necr. sFa(~c~ an~ cl~~i~~erpc~ in Ih~ prns~nce o): ~
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~ STATE OF CALIFORNIA
~ COU~TY nF ~tLl~d t I HEREBY CER7'IFY that on this day, be(ore me, an
~ of(icer duly authorized in the Statt aforesaid and in th~ County a(oresaid to tak~ acknowledgmenu, personally appeared
CHESTER O. STARLING and SANDRA M. STARLING, his wife
to me known to b~ the person g described in and who ea~cutcd the im~goinq instrument and they actnowltdged
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c~~~ be[or~ me that they ~xecuted the same.
~ N'ITtiESS my hand and of(icial seal in thc (:ounty and Stat~• last aforesaid this ,~1~ r ff day o(
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~ NOVembera. D- 1973
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