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Home My WebLink About2013 ~nd ahall duly~ promptly ~nd lully perlormr dtsclu~rgs. execute. eRee~ complet~. tompl~ ~?ith snd abid~ by ~ach this mor~tga~e ~and ~Lhs~e~fate~henb~~cHint~d ~sbill e~u?s~rind b~e nyU idind rot;d~. aota aAd oi thL a~ort~aY~. tl~w It is u~derstood that ee?ch oi tbe ~?ords. "notes: "'aaortgagors" and "mottgagee~" re~Pectirelx. wl~tha ia tM sin- gular or plus~l sni?~?here in this mortgs~e~ iha11 be ~inenl~r ii one only aad shall be plnnl ~oinW a~ s~?~y ii more than one. ~nd tbat the ~?ord "tl~eir" ~s used any wher~ ta thi~ mort~ag~ sha11 be taka~ to m~n her .r its. wherever the eontext w imDlies or ~dmita. T1?e words "promi~sor~ notes' u ased herein. sWl iael~~ ooupon notea (ii Drovided for ia tLis mort~~~) wLu~~~r th~ eont~x~ ~o r+9uires or admits. And ths Most~ait'on~ hereb7/ ~ointly ~?nd N~rarallr eo~eaunt to and with tbs Hort~~es: 1. To pay, all and sirgnl~r the priacipal ~nd intere~t uud the ~srious and sundry snms of moaey ps7abl~ by rirtus oi said P~miuorY aotes and this mort~a~e, e~eh and nery. PromPtly oa tlw d~~n resp~eti~nb ih~ : ~~rer~lly become dua 8. To pay ell snd aingolar ths taxes. asaesamenta, le~ies. liabiUtiea. obltgationa and incnmbr~nees oi e~eR nature and kind now on aaid described property snd/or tbat heredter m~y be imposed, su}~ered. placed. le~ied or •ssessed thereupon, ar.d/or that bereatttr m~Y ~e levied or asaea~cd npon this morcg~ e aud/or the indebtcdnas secured heseby. each aad e~req. when due and pa7aWe ~ordiag W Lw. bafors Wsy beoome delinq~t, ~nd betore ~ ~ny ir?terest 4ttaches or an penslq is iacumd; ~nd in w far as any thersoi is of record the ~ame sbaU be ProoPtlr utisf ca ~o PaPer oiiic~'~aU~? ~ndond or~eertifi; ~ ba11 bs1pLea1 i~? tM~luud~ oi the l~[°Tt~~~tce~ p~ n ' i Autt dter paymea0. , ~ 3. To keep the improvements now esiatia~ or,hereafler erected on the n?ortgaged proPerty. insured as nwy be required from time to time by the mortQagee e8~?nat loas by lire and other hasarda. c~sualties, and eontingeneie~ in such amounta ~nd tor auch perioda sa m~y be ='~9uired by Hoitga~[ees and to pay pr~owptl~, whea du0. aay . premiums on auch insurance. Ail inauraace ahall be carr~ed in comp~mea ~eaignated by Mortga~eea and the poli- c~es and renewrala thereoi ehall be held by Hortgagees and ha~e att~ched tbereto loss payable clauses in fs~or oi ~nd in form acc4ptable to tbs MortSagees. In e~ent of losa MortgaBors will gi~e ionmediate notiee b~ mail to Narw gsgees and Mortgageea m~~r make proof of loas if not made prompdY by MortgaBrors. and each ~nsuranee eo~iuP~7 concerned is hereby wWonaed snd directed to mRke psYn?ent for auch loas drrectly to ~iortga~ees instead ot to Mortgagora ~?nd Mortgagees iointly. end the insunnee proceeds, or any psrt thareof, m~y be ap~lied ~ 1[urt8a~ces at their option either to tha reduction oi the indebtedness hereby secnred or to the restoravonn ur reP~ir of ths property demaged. In ereat o! foreclosnre ot t1?is mortgage or other tranafer oi title t~ the mort~a~ed DmP~7 in extinguiahment oi the indebtedaeas secnred hereby. ~ll righl, title, a~d interest of tbe Yortga~o:s. in and to ` any inaurancepo licies then in force aha11 pass to the punhaser or grantee. spprupr4L~ eradit beiat ~i~m t~'~°T• •iter. but ~s of the date of snch tsansier and deli~er~ oi pusse~sion. 4. To remove or deraoliah no buildin~ oa said premises v?itlwut the ~~~t oi ths liottgaiee~: ~o permi~, commit or suffer no w~ste. impsirment or deteriontion oi taid properh or se~~ part tbenot. aad to kesp ; the same and imprnrementa tbereoQ iu Qood ~Ad~~n a°d sepair. 6. That in the event the Mortgagors lsil to pay ~nd/or diecharBe the taxes, sssessments. le~ liabilitees, l obligations and incumbrancea. or fsil to keep asid P~m~xs or to deliver the policies. premiwns Pud, or tail to repair the aaid premiees. sa berein aQned. the. MortgaBeea are hereb~r anthorized at their eleetion to pa~ and/or discharge aaid taxea~ ossesements, leviea. liabilitaes. obli stions and ~ncumbrancea or anT P~rt thereoi. t° pro~r° and pa,y for auch insurance or to make and p+?y ior su~ repairs, without an obligation on theu W?rt to determine the val~dity and/or necessity oi any Wenoi and without the MortSsSees ~y ~puon~ lient ~qnit7 or right under or by virWe oi this mortgege; snd ~e ~11 amonnt oi each and e~ery sneh psymeat ahall be waseed- iately due and payable and ahall bear iatereat irom the date tberaof unW paid st ths rata oi ten PK,e~~ P~ annum, and, together with sueh interesk sb~1i ba ~eeured bY the Uen of this mortga8e; but noWin~ 1~ereu~ conLined shall be construed aa :'e4uiring the )dortQ~gea to ad~~nos or espend mone~n for aa7 a~ tb~ P~rp~ ia ttiis puragraph mentioned. ,i ~ 6. To pay sll and aingular the co~ts. charge~ snd ezpenaes. including reasonable l~wyer's ica+. Lwyer's ; disbursementa and cost of wbatracts oi title. incurred or puid at an~ ttme b7 t1~s Nortga8~s ~~or in tba ~ discbarge, ezecate etfeet, event of the failure on thepa rt of Ddortgsgora doly~ promptly and inlly to pertorm, . complete. comply v?ith and ~bide by each and ever~ tba sti~nlations. agreements. oonditlons and eo~enan4 ot said prom~ssorY notes and th~a mortga8e~ u?Y or either~ snd sa~d ~wa~eharges ~ndezpenKS. a~ch wd ewr~. s1u11 ~ be immedistely due and payable. ~rhether or not thera be notiee. deman attempt to eollect or anit peadinB: ' { i~ill amount of each and e~eq sueh panaent shall bear interest irom tLe dats Lbercoi nnt~ d~t tbs rat~ at tes . ~ ~ per centutirrper annum; and all such costs. char~es ~nd exPenses w~~d °T paia+ ~ s°~~t' ~ shaA be ~ecured by the lien oi thi~ mort~a6e• ~ 7. Thst (a) in the svent oi any breach o! thie mortgage or datault on the part oi the Mortgagors, or; (b) in ~ the event any oi said suma oi money herein retened to be not prom~tly aad fully paid within 10 days nez! after the asme eeverally become due and payable. without demand or nobce; or (c) in the e~?ent a~ch an~1 erer7 Lhe atipulationa, agreements. condiliona and eovenanta of said promissory notea and this mortgage, any or either• ar~ not duly~ prnmptly and fullq performed. dischar¢ed~ eaecuted, effected, completed. eomplied with and abided by. or; (d) upon the rendering by any court of last reaort of a deciaion that an nndertaking by t,Le ldortSaB~ ~ herein provided to pay,tax~, assessmente, levies, liabilities. obligations and incnmbrances is legaUy inoperdiee or ~ cannot be enforced or ~n the event of the peasaQe of any law changin8 in an~ ~?ar or respect the laws now in force tor the taxation o~ mortgagea or debta eecured thereby ior any parpoae, or the manner oi eollection oi any sneh taxee. so as to affect ihia mortgaBe or the debt eecured herebq; ~hen. in either or any aucb event~ the said aSBn' gate sum mentioned in esidpr omisaory notes then remaining un~sid, with interest accraed, and w moae~s seeared hereby ahall become dne and payable forthwitl~, or thenaiter. st the option of tbe l[ortgs~ees. ~s inUx and eom- pletely aa if pll oi the said awaa of money were originally stipulated to be paid on snch da~, an7thuiB ia s~id prnm~saorq notea and/or in thia mortgaBa to the contrary notwitl?stsndin~; snd" t6enwPon or lhere~it~r~ ~?t t~ option of the Mortgsgeee. withonC notice or demand, auit at Isa or in -Wu~tyr therefors or tha~edt~e be~ao. ~7 be prosecuted aa it all moneys secured herebi? had matnred prior to ~a in,acaaon. or to tore- 8. That. in the event that et !he beginning oi or st any time pending sny suit upon this mortBi6~. ~ close it, or to reform it, and/or to enforce payment oi any cla~ms bereunder, ths bSottgagee~ shall app17 to ths ~ court having juriadiciion thereof ior the ~ppa~tment of a Beceiver snch court shall forthwith appoint s Re- ~ ceiver ot aaid mortgaged property sU and aingalar. includin~ all and singular tl~e income, profits. issup and re~enues from whatever souree derived each and every of wlucb, it being e~cpreaaly twderstood. is bereb~ most- ~ gaged aa ii epecitically set forth and described in the Srsnting and hebendnm cl,nses hereof. and such Becei~er shall have ell the brosd and effecti~e fnnctions and powers in any wise entrusted bY s court to s Recei~er. and sach ~ appointment ahall be made by such court as ~n admitted eqnity and a matter of absolnte sight to the l~[ortB~BKS. ~nd without reference to whether or not ~aid ~o~sB~ P~P~7 whols or tn pstt a homestead and without reterence to the sdequae7 or insdequ~ey of t~ ~aiue oi the propest~ mor+~ or to tL° i°l~eae~ °s in°l~eae~ h ot the Mortgogors and/oi oi the detendants. and th~t such ra~ts. pr~ofit~. m0. ~ •pplied by s~ch Reeeirer aocordia~ to the lien and/or eQa~h ot tbs l~o:t~a~e~s and tbs P~ Dnly~ P~A!~~~~ _~~~~~tlon~~~ao'i/~nwt~s in s~ld ~p~1 ~~i ii a~ost~a~ ~t ~?nd evay tb~ sdyo~. forth. * or (e) in the event of eny default by Mortgagors under anq mortgage or security instrument securing the payment of the aforementioaed notes~ or (f) any default by Mart~a ors under ~ other obligation or debt owed to Mortga eeAs by 1~l~ortgagora. fN[ M MtM+/'MM 11~ • 0 R~-) ~iA _Z_ SCOK ~~J r PACE ~ ..r-w~.~~,,~: ~*'F ~ :.a.,_'r "=r~"~ . _ , e _ ~ ' - ~ -e, ~4 a , _ . < . . _ .---~.vr,__ ~_s._~~ _ . .