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Home My WebLink About0330 tAla morl~aYe lo be Itl dr[aull aad accNerate tbe malufilY ~ sald polc. Uro Aaax~iaUon aArll apyly lAr bal:nce lArn rrma~n~n: 1n tAr funJs accumulitrd uader lal M ParatrapA ~ P[~cedinj as a crcdll ayaUW tAa amouat lAea temaininR unpa~d un~~ sr~d notc. ~ ,t ~'t . i. To permit. cummil o~ w([er no waste, impaicment or dbeti4~1(lO~p( said propeH'y, dr any p~rl lArnuf, and upun lhr fa~!urr ut ~Iur4C~xu~ tu kerp lhe DuildinYs oo sald properly in C~1 cortdilion of repait, lhe Assotlailon msY drmand lAe immediatr rrpa~r o( ~a~d bulld~nRs, ur IAe immedi~le te- paymrn! o! tM deW AerrAy secund. TAe tailure ot tAe Mort~asor to complr witA any such drmand lor a{xriod ui lhirty ~30~ days, ~hall const~tule a breach ot this mort~aKe: aad, at the optioa ol the Atsocialioa. lmmedl~tely mature lhe entire amount of prinripal and intrrrst Arreby creurrd, and im• medlrlely and w~thout nolice. the Associatan may insliWte proceedioYs b foreclou thls mortY~re and apply (or tAr apW~intmcnl o! a rrm~ver. ae Aere- inatter provided. 7. To per(orm, rnmply wilA and abide by each and every the a[rcemrnts. condilions and rovenents in aaid prumi,.or> nnh• and mnrt~aur .et (~u~A. I( aay o( the sums ot money hcrein re(erced lo be aol prompQy and tully paid withie thfrty ~~01 da~s nrxt atler thc same se~•erally Darome due and payabk, or f( e:cA and every lhe ajreemenl~. condilWns and rnvenap!s ot said promissory nole and lh~s morlkaqr or ei~her. are not dulY per(ormrd. complied ~?ilA and abidM Ay. IAe a~Rreaate xum menlioned tn said D~m~~rY note shall ~ecome due and pa>•aDle (orthw~th or therealler at lhe optinn of Ihe Assuciation, as fuUy and comptelNy as it said aRH~t~k sum of money w•as u~lXinally slipulatcYf to 6e paid on wrh day, anyth~nR promis~ury note or Aercin to tAe co~lrar> nolwilhstaadinl~. 9. It a suit {s inslituled to lorccbse lh?s merisase at any time dunnt lhe pendenc~• oI auch (orrclosuet sud. the ,issociatioa shall be enUUed to apply to the couri Aavin~ jurisdiction thereot tor the apppointment ot a receirer (or all and sinRUlar tAe morlKapcd property. and ot alt the nnts, Incomes. pm(ils, iuues and revenues Ihercot trom wAatsoeve~ source derived: and thereupun lhe rourt shall (orlAw~ith appoint such receiver wilh the usual yow~ers and dulies ot Rceicers in like caus. Such appointmenl shall be made Dy sueA court as a matter oI strict riphl to the Association w3lhou[ re(erence to lhe adequac> or inadeqaaey ot lhe value ot lhe properly here~y morlgated. or to lne wlvency or insulrenc~ ot thr .NurtXa¢or. SucA rents. profits, income, issue! anA re~rnues sAall De applied ~y tbe receiver lo lhe paymcn/ ot the mort~ate indcDtcdness, rns1 and ~•harRes, ueordint lo the onfer ot such ruurt. 10. 1f a conae>ance shoutd be made by tAe MorlqaRor ot the premixs herrin drscnbrl. ur any V~r1 thrrro(, w~thout thr writlrn cunsrnt u! the Association and withoul assumpiion by li~e R~antee of 1!x obliRal'wns created Dy saiJ nute and tAis morl¢aKe, in (orm satlsfaclory to Assorialion, lhen, and in that event, and at lhe optiun ot tAe Aiuxialion, and without noliee. a0 suma of monry secunvi Aemb~• sAall immrdiately end concurrenlly r~itA sucA con~~eyance become due and payable and In detaull. 11. la lAC eveat lhe premiies here0y morl~aR~~d. or any parl thereot. sAatl 6e cundrmned and takrn fur pubGr u~e undrr lAr pnwrr ut rmme~t domaia, tM Associatioo sAall hare lhe riRht to demand lAal all dama~cs, aKarded tor lhe takmR ot or damqaes tu saiA prrmiseti sAall Ae paid to tAr Asso- cialan up to lAe amounl Ihen unpaid on tAis morlR~Re ~nd at (he option o( lbe Aswcial~on mac be appLed up~n ~he pa}~mrnl ur p~}'ments la+t nayable hereon. I2. That, fo addilioa to the monthly instaltments lo be paid undrr tl+e Irrm~ o! the note ~rcurrd herrby. ~turl~aXur wiil pay to Ihr ~torlRaree on the insWtlmenl dale ot each and every month until saed note is fully paid a sum ut money equal to 1~ 12 ot an~ual lares and assessmrnts and prem~um or premiums ot fire and exteaded co~enAe insunnce. or olher haxarA lnsunnce as estimated by the muriRaR~. which last saiA munthly pa>~men~s shall be held by the morl6aRee in lrust to apply in paymenl ot said tazes and •ssrssmrats and (ire and tornado insurance or o~her ha:ard insurance. Il. I( any ~rw buifdinRs on the ptrmisrs herein morlgaged o~ to adddions to any ot the exist~ng impruvrmrnU are con~vuclyd. ~~r it an. major chanRr~ or atlerations to existin~ improvements arc made upon said premises w•ithout lhe writlen consrnt o( lhe Associafion, or in the e~~rnt of an}• violation or attempl to a•iolate tAis stipulalion this morlxaRe and atl sums securcd hemby shall immrdiately Arrome due wnd rullretiDlr at thr uption of the ~Aswc~aTon. li. Time is the essence o! said note and this murt¢age and no waice~ o( any obLRatiun undrr either r.i thern ,A.~? ~t anc hv.e Ar hr:d to be a N~a~~rr o( Ihe lerma of cilher ot them. - IS. 1t [oreclosure procttdi~Rs uf an~• second murlKaRe or any other lien interior lo this mortKaRr nhou:d be insuwteJ. the A~,r,.~ia:i~,n ma.. at i[s oVtlon. immrdiately or thereatler circlare tAis mortRaRe and Ihe indebtrdness secured herrby due and pa>-abie forthultl~. and mac at rt; opuun yn.eerd to foreclosc tAis mort4age. 16. To Ihe e~lent o( lhe ~ndebtedness o/ lAr \turtR~ROr to the Association sec:~red hereby, the Assor~ati~~n is hrreb} suGzn¢.trd rn thr hen, or lirns ~nd to the rights ot lAe OM'IIPfi and Aolders o[ each and e~~ery~ mortA~Se, lirn or olher incumbnnc-r on thr mnrtQeKCV1 pmprrt~ whlch ~s vai~ ~~r sa~~it~ed, in whnlr or in part. out o( the prott~rds ot tht baq secured hereb}~. The respecti~•e lirns o( said mortR~Res. Grns or olher incumnrancr: arr herrbp pn~>rr~~rd y anA shall pass lo and be hrld by the associalioa herein as securit~• [or the indebtedness to tAe Aswciation herrD>- srcured to thr same rntent th~+t such ~ t~~•ns w•ould have been prcserved and p~ould have been passed lo aad bren held by lhe Association Aad they Deen duly and re~ulerlc a»iKnrA rnd drhvered ~ i:ntn Ihe Association by sepante deed ot assiRnment. notwithslanding that auch lirns may be satistied and cancelled o( recurd. It 1s thr mtention oi the ~ perties hereto that sueh liens will be satisfied and cancelled o( [ecord by the holders lhereot at or about the time of thr recorA:n¢ u~ thi; moe'~a„c. * . # 17. To pay atl wnd sinKular the cosls, charRes, and expenses, including attorney's tees, rcasonably tncurred or pald at anc time b>~ ~hr .\++u~~utron brcausr uI tbe failure o[ JlortRasor to perform. compty ~sith and abide Dy each and erery the terms, conduiuns and co~~enants ot said promi.wn nute and . Ihi; mortRaAe, or either ot lhem, and er•ery sucA paymcnt shall bear interest frum date at the rate o( nine per cent ~9'~ ~ per annum. ~ i la. Should ~fortgagor D'ecome insol~~ent or be placed in liquidalion. or sutfer or permit an mcutun[ary or ~~oluntar>~ pet~tiun in Hanwruptrc to bc ; filed against Aim. or make an assiRnment tor the beneflt ot his creditors. or shuuld a recei~4r or trustee be appoinled [or the premi~rs hereb>~ muRR~Ked. i then in such erent and upon tAe Aappeaing ot eilher or ~ny Ot such erents, the Associalion may. at its opt~on, immedialel)• or lherea(ter declare this mort• ! ;::~~r and the indebtedness secured Nercby due and payabte forthw~itA, and may at ils option proceed to (orec-tose this mortqaRe. ~ x 19. ~lortga'or v~~il! turoish the Atsociatioo a sworn ilemized statement ot anr.ual income and eapenses on the propertc hereinabo~~e descnDrd u~~th- s ir, thme monlhs atter the close ot each tiscal year hrreo[ cocering tAt ~1ortRaROr's (iscal year. pro~~ided that such statementU shall De turnis~rd !he As- ~ ~ ~cciation not less o(ten lhan annualb. F, # ~ 20. MORTGI4GOR/BORROWER HEREBY REPRESENTS ABOVE PROPERTY IS NOT NOW ENCUMBERED AND ~ DOES HEREBY FURTHER AGREE TO NOT EITHER DIRECTLY OR INDIRECTLY FURTHER ENCUMBER SAID ~ ~ PROPERTY. IN EVENT OF VIOLATION OF TNIS COVENANT THE FULL PRINCIPAL BALANCE PLUS ALL ~ ~ ACCRUED INTEREST AND COSTS FOR WHICH THIS MORTGAGE IS SECURITY SHALL AT THE OPTION OF ~ ~ TNE MORTGAGEE BE IhMEDIATELY AND FORTHWITH DUE AND PAYABLE. ~ ~ s - t ~ - ~ 7 ~ ~ ~9. ; S t 'i~x _ ; ~ f ~ j ~ IN WITNESS WHEREOF, the Mortgagor hereunto sets his hand and seal this the day and year first ~ :t above written. ~ S~gned. sealed and delivered in the presence of: ~ ~ / ~ Wi tnesses as to - ' C - C ~(~.q~ - MELV F. tSEAL) , , _ l ) 1.~%~~~C.~ ; ~ (SEALj , :r ~ ~`l •-~~c, ~ ~ (SEAL} ~ ~-y _ ~ : ~ t, L - BE S.' R ; . ~ (SEAL) - ~ itnesses as to ~r' / ~ Al ~ t, ~ '~~t t~ L (SEAL) _ " ~ ALBERT L. DANGLER' Y;~ ~ , . ~ `~_1-'~ ~t • (SEAL) . ; _ ~ ' r' i ~ 'J - ~ - • r ~t~ ` _.C _ { C . -r~- - ~L ~ ~ - (SEAL) CHARLOTTE DANGLER „ (SEAL) ~ eoor~ ~ZS ~ ~ . ~ _ . _ ~ - - - - - -