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Home My WebLink About1254 ' , togethe~ wilh all the ter?ements. hereditame~ts. privile~es and appurtenanc~es thereunto belonging ur i~ uny way appertaining~ including all the bulldln~s and Improvements which are ~ow or hereatte~ may be ecected on said land and all flxlures ot eve~y ~ature which are now or hereatter may be attached to or used fa con~ection wilh said land. building or improvements. includ- ing, bttt not by way oi limitation. all heatit~, plumbi~ and electrical flxtures. heat regulatora. hydroatets. hot water heaters. oil burners. atokess, furnaces. window shades, awtUn~s. atorm and screen sashes and doors and air• coaditioning epparatus~ and au t6e eeats. w~es sad vre8b w6io1 aw ssi~e K be bad t6entrom: ~ And all the Estate. Title and Iaterest oi said MORTGAGOR. etther in law or equity. of. in, and to 1he said premises. together wiW all the privileges aad appurtenancea to 1he aame belonging; TO HAVE AND TO HOLD the same to 1he only pmper use of the MORTGAGEE. its successors and assigns forever; and the MORTGAGOR does hereby covenant with the MORTGAGEE lhat he is the true and lawful owner of the sald premises with the above me~tioned appurienances and has full power to convey the same. that tbe tltle so conveyed is CLEAR~ FREE. and UNENCUMBSRED. and turther. that he does warnnt and v?iA defend the same against all cLims ot all persona whomsoever; PROVIDED, NEVERTHEI.ESS. Wat wLereas aaid MORTGAGOR has received imm MORTGAGES. the sum of Fifty Five Thousand Eight Hundred and no/100----------------------~= 55,800.00- ~ D°tlars. as a loan evidenced by a mortgage note~ the terins o! which are inrnrporated hereia by reference. whlch loan he hereby pmmises to repay wlth interest in advsnce in accordance with the terms of said mortgage note. Said installments to be applied as foAows: FIRST. To any advances tor insurance, taxes~ tates aad assessments. and ior delinquenry charges and other authorized charges. SE(.'OND. To interest on said loan at the rate oi 9 per cent per annum in advance. to be charged on the unpaid monthly princlpal balance. THIRD. To the unpaid principsl ot said loan; The maturt~y aate oi aaid loan is _..._......Ma~t...1,...2001~ NOW. T~sBFOSS. the aaid MOATGAGOR, for himseli and hia heirs. executors, administrators~ successors and assigns. k covenants and agrees wiW the said MORTGAGE$ its successors and assigns, as follows: ~ 1. To pay to the MORTGAGEE wlth We above atipulated amount aa additloaal amount to be estimated by the MORTGA- ! CES to be suBicient to eaable said MORTGAGBE to pay taxes. assessmeats and insurance premtums as they become due on ~ the premises hereia described. Ai~y deflciencies oi such additional payments shall be forthwith deposited by We MORTGAGOR with the MORTGAGE$ upon demand by aaid MORTGAGEE. Z. To mAintaia improvemen4 on said real estate in good rePair and condition to the satsiiaction oi the MOATGAGES. ~ and canP1Y Prompt~y wiW all laws. ordinances. regulations and requirements aHecting the said mortgaged premises. ! MORTGAGOR a~ees that he will peranit MORTGAGEE or its agents at all reasonable times to enter and make inspections oi , the premises to ascertain whether or not the conditIons and pmvisions hereoi are being complled wiW. Ii the mortgaged premises + are altered, rPmodeled. destroyed or removed. or a change in ownership occurs wiWout the written rnnsent oi We MORTGAGEE. the balance due and accrued interest thereon, together with any advances. shall, at the option oi the MORTGAGEE become due and payable st once without further notice and payment thereof be enforced in accordance with the Revised Code oi Ohio and any amendments or supplements lhereto. 3. That MORTGAGEE shall be entitled to receive any sums which have been or may be awarded MORTGAGOR for the condemnation oi the premises or any part thereoi ior publlc use and aay sums which may be awarded MORTGAGOR for damages caused by publlc works or coaslruMion on or n~r the premises. 4. To maintain insurance upon the above described premises to the satisiaction of MORTGAGEE; and that all poHcies i of insurance shall be deposited wit6 the MORTGAGES and ahall contain a standard mortgage clause with ]oss payable to the MORTGAGBS as ita interest may appear. 5. That if this morigage is given to improve the premises herein described and/or to pay for or discharge prior encum- brances thereon. and the funds secured by the mortgage may be paid out in whole or in part by the MORTGAGEE as provided by Section 1311.14, et seq. of the Revised Code of Ohio, or any amendments thereto, 6. That at anytime after two years irom the date ot this mortgage, the rate of interest may be increased or decreased on this toan. In the event the provisions of this paragraph are invoked, any provisions for prepayment penalty shall be waived ( and any increase or decrease in the interest rate will require a correspondingly increased or decreased amount in monthly l ~ payments. ~ i 7. That in the event of default in the payment oi monthly installments when due or failure to perform anY of the con- ditions contained in this mortgage and in the mortgage note secured hereby, then the principal and accrued intere~tl together ~ i with any advance secured by this instrument shall become immediately due and payable and the total shall bear percent y ~ interest from the time of such default without further notice. said notice being hereby expressly waived. and at the option ~ of the MORTGAGEE, foreclosure proceedings may be instituted. If said premises. or any part thereof. are occupied by the ' E MORTGAGOR, he will immediately aiter any such defauit, vacate said premises within ten (10) days; and upon failure to ~ vacate, the MORTGAGEE SHALL be entitled to recover possession of the premises described hernin. and th~ MORTGAGOR herein agrees to pay rent equal to one percent (1 ~/r ) of the original amount of this mortgage monthly as long as he is in possession. 8. To paq to the MORTGAGEE any and all sams, including costs. and e:penses, which MORTGAGEE may incur or ez- pend in any pmceedin~s to sustain the lien oi this mortgage or its priority, or to defend against the liens or claims oi any person or persons asserting pdority to thia instrument, or to recover any indebtedness hereby secured, or which it may be necessary or prope to prove t6e amount thereoi, or for any abstraM or extension of title oi said premises, togeWer with interest on said sums at ._1.~.____ percent per annum until paid, and this instrument shall stand as secudty therefore. 9. T6at in case oi deiault. at the option of the MORTGAGEE, and without notice to said MORTGAGOR, said MORT- GAGEE. as agent tor said MORTGAGOR, may ask, demand, elect and receive all We rents and pm8ts oi the mortgage premises as rnay or then thereafter be due or owing to said MOATGAGOR, givin8 aotice of its intention to collect and receive such rents to such tenants, occupiers or lessees of said mortgaged premises, and applying the same upon the amount due hereund~r, and in such eveat~ said MORTGAGOA shall be deemed to have assigned and transierred such rents and proflts to said MORTGAGEE as additional security for t6e performance oi the covenanta in t6is mortgage contained, until We indebtednesa secured by this mortgage is fully paid and satis8ed. In the event rents are rnllected by the MORTGAGEE there may be a reasonable commis- sion for the manageraent oi said pmperty charged, and MORTGAGEE may procure liabilitq and casualty insurance policiea and charge the coat thereoi to the MOATGAGOR. 10. Tl~at should said premises be sald under proceedin~s in foreclosure or otherwise and the proceeds of such sale be insu~cient to satisfq MOATGAGEE'S claim hereunder, then MORTGAGEE may reeover s yersonal ~adscment atatmt MOAT- GAGOR for aay balance due MORTGAGEE. In any proceedin8s to foreclose this mortgage, MORTGAGEE shall be entitied to s seeeiver to collect the rents snd proflta irom the mortgaged premisea reBardless of the soivency or insolvency oi the MORT- GACOA or ai the then owners of the premiaes and regardless of the adequacy or lnadequacy oi the aecurity. l l. That the death ot the MORTGAGOR or any owner oi said mortgaged premises shall at the option of the MORTGA- GEE, make the entire unpaid balance due and payable. iZ. That MOATGAGOA shall comply with the Coa4titution and By-I.aws oi MOATGAGEE as they now are or may here- aiter be amended, and which We parti~s hereto agree are to become a part oi this mortgage. 13. That Lllure to ezercise any of the rights or optio~ herein contained or found ia the Coagtitution or By-I.aws oi MORTGAGE$ shall not constitute a waiver oi the right to exercise the same in the event oi any subsequent deisult or defsults. 14. Tbat tbe covenants herein contained shall bind, and the bene9ts and advantages shall inure to the reapective heirs. exec:~tors. administrators. succesaois and aasigns oi the parties hereto. and the MORTGAGEE ahall have the same rights against the successor in interest of the MOItTGAGOA, including the right to a deflcienry iud~r?ent~ aa it has agajnst the original MOATGAGOR. Whe~ver uaed, the singular number shall include the plural, the plural t6e siugular, and the uae of any gender sha~! include all genders. PAOVIDED, NEVERTHELESS, that ii MORTGAGOR shall fatthfally pertorm all the covenants and conditions set forth hercin and shall pay or cause to be paid his certain Promissory Note oi even date herewith, whic6 MORTGAGOA has executed in favor oi MORTGAGEE as evidenced by the loau advanced to said MOATGAGOA~ according to its tenor and eQ~ tben these pre+eats shall be void; otherwise to remain in full torce and eQect. BoeK 2~7 PAC~ 125~ ~~~~~~F _ - ~~t~. 3c~~ ~ ~:Y _ ~ - W~~Y:~ . - ,