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Home My WebLink About1701 ANn Ihr ~Uid Mu~~yugor hercby covrnonl~ ond op?ecs with Ihe sc~id Mo~l~oqcc a~ tollows: • , FIRSI: 1hu1 Ihc Morlguyor ~s low(ullr sci:~d o1 Ihc abavc destribcd p?cm~s~~ in (cr simplc and hos 9ood riyhf to srll and convey the same to the J.lorlge~g~~e; Ihu1 the ~oid premises are Iree ond di~cluu~rd o( ond 1rom aU taxes, lax lill~•s or certificotes, juclgmenls, med~nnit~s liens a~d r~~cumbronte~ of any ~afure or kind whol~oeverx~nnd Ihot Ihc Mortgac~or will (ully wn~rqnl und dclcnd Ihe snrnr lo the Mortguy~•~•, oyn~nst the lowlul tlaim~ und Jemonds ol aU persons whomsacver~'and wFll moke suth iurlher c»~urunce~ to pc•r(ect fer iimple t~ile to said lu~id, in the Mo~t~ac~ae, as moy rea~o~ioble be reqvired, and~will pay Ihe several ~~nn oi mo~cy ~yrccd in Ihe ~aiJ note to be paid und all in~lallments of (~rincipol ond interesl thcrcon promp~ly when dve, ond occording lo Ihe true ~e~or anJ effecl of the saicl note. ~E'-XC~ t thOS@ deseribed 011 Lxhibl~ $ or Carlton .~.~attu~hed her~to ~arlton SECOND: Thot Ihe Morlgagor~will poy all ond si~gu ar the loxes, assessments, levies, o~d encumb~ances o( every nature on Ihe above clescribed property, and upon this morlgage and note, or the money setured thereby, be{ore delinquenty flie~eof ~ ond i! same bc nol promptly poid when d~c, thc Mor~gagee mny (wi~hovt obtigotion ~o do so) poy the same, or becoroe purchaser of any lawful evidence thereof, or certifico~e thereior~ witho~t waiving or ofietfing ony right liere~nder and in Ihis mortgage, or Ihe said nofe which Ihis morfgoc~e secures; and svch poyments or expe~ditures so mode sholl bear inte~cst trom the dote thercof at fhe role of eight pe~ ccntum (8°fo) per annum. _r THIRD: Thot Ihe Mortgoc~or will keep oll real and personal property oow or hereo(ter e~cumbered by the lien of this mortgage insured as moy be required from time to time by the Mortgogee ogoinsl loss by fire. Windstorm ond other hoxards, casuolties and contingencies for such periods and (o~ ~at less than svch amounts os moy be required by the Mortgagee and to poy promptly whc~ duc all premivms tor such insuro~xe. The amounfs of suth insuronte required by the Mortgogce ore expressive of only the minimum amounts for which said insurarxe shall be writfen ond it sholl be incumbent ~pon the Morfgo~or to maintoin such oddiliono( insurance as may be netessory to meet and comply fully with oll co-insurance ~equirements contoined in soid policies fo Ihe end fhal soid Morfgagor is not a co-i~suror lhereunder. (nsurance shall be writfen by a tompony or tomponies approved by the Mortgagee and oll policies ond renewals thereof shall be held by the Morfgagcc. All detailed designotions by the Mortgagor which a~e accepted by the Morfgagee and oll agreements between Morlgogor ond Morfgogee reloting fo insuronce, now exisfing or hereutter made, sholl be in wriling and shali be o paN of this mortgage agreement as fully as though set forth verbolim herein and shall govern both porfies he~eto ond fheir suctessors and assigns. No lien upon any of said policies of insuronce or upon any refvnd or returo prcmium which may be payable on the tantellotion or terminalion thereof, shal) be given to othe~ lhan fhe Mort- gagee, except by proper endorsement atiixed to such policy and opproved by Morlgagee. Each policy of insurarxe sholl hove aFfixed thereto o Standard Mortgac~ee Clause acceptoble to the Morl9ogee, moking oll loss or losses unde~ such policy payable to the Morfgogec as its inferest may oppear. In fhe eve~t any sum or sums of money betome payable thereunder fhe Mortgogee shall hove thc option t~ receive ond apply the some on actount of the indebtedness hereby secvred, or to permit the Mortgagor to receive ond use it, or any port thereof, without thereby v.•oiving or impoiring ony equity, lien or right under and by virtue of this mor!gage. 1~ event of :oss or physicol damage fo the mortgoged propertr the Morigagor sholl give immediote notice thereof by mail lo the Mortgagec and thc Mortgagee may make proof of loss if the ,eme is not made promptly by the Mortgagor. In event of foreclosure of fhis nortgage or olher transfer of title to the morfgaged property in extinguishment of the indebtedness secured hereby, oll ric~ht, title ond interest of the Mortgogor in and to any insurarxe policies then in force sholl pass to the purchaser or grontee. Upon on~ defouft thereof, the /.tortgogee m~y (bul wifhout obligotion on ifs port so fo do1 place insurance on such buildings and pcy the premium and chorge such sums so paid to fhe Mortgagor ond such sums of money so p_pid sfiall Seor inferest from the dote oi poymenl af fhe rate af eight per centum (8afo~ per annum. FOURTH: Thot atl sums of money paid or caused fo be paid by the Mortgagee under the lerms of this mortgage and herein specifically provided for, and including any expenses incurred by Ihe Mortgagee in collection of the sum secured by this mortgage, ! sfioll be covered by 1he lien of this mortgoge, the sc:me as the sums of money represenfed by the note which ihis mortgoge secures. ~ ~ FIFTH: To permit, commit or suffer no waste, impai~ment or deteriorotion of said properly, or any part thereo~, ond ~pon ~ the failure of the /~Aortgugor fo keep the buildinc~s on soid properly in good tondition of repoir, the Mortgagee moy demand Ihe ~ immediote repair of said buildings, or an increase in the am,ount of security, ~ ~ yr~~i, and the failure of the Mortgagor to comply with said demand of the Mortgogee for o pcriod of ten ~ 10 ~~aYs sholl ' constitute a breuch of this mortgage, ond, af the option of the Morlgagee, immediately mature the entire unpaid principol ond ~ inferesl hereby sec~red, ond the hlortgagee may, without notice, institute proceedings fo foretlose this mortgoge, ond opply for ~ 1hc oppointmenf of o receiver, as hercinofter provided. ~ tY~at C~arlto~ will ~ SIXTH: That the Mortgogor hereby promises, tovenonts and agrees / pny 1 e sums o moncy and interest os mentioned ~ in soid promissory note, together with any and all other sums justly due and owing the Mortgogee by thc terms therein, ond secvred ~ fo bc paid as stated therein promplly when due. If defaull shal~ be made in the payment of Ihc said sums of money or a~y port 5 thereof os providcd in thc said notc or ihis mortgoge, or if Ihe iNeresf thot may brcome due thcreon or ony part Ihrrcof sholl be ~ in defavtf and unpoid (or a space of ~E'I1 ~].O ~dnys, or should Ihe Mortgagor breact~ or fail to tomply with any o1F~er covenont ~ or o~reemenf on the parf ef the Morlgogor to be complied with (in those cases io which the option of the Mortgagee of occelero- ~ tion is not othcrwise expressly provided herein) and suth breoth or r.on-tomplioncc tontinvc in exislentc for a spotc of te21 ~ ciays, then and from the~xeforth, ot Ihe option a( Ihe Morlgogee and wilho~f nolice to Ihe Mo~tgogor, the whole of said principol ~ svm expressed in said notc, togeth~•r wilh c~ll othcr svms thercin os well as hcrein provided ior, shalt become immedialcly duc and payoble, without notice Io Ihe soid Morfgagor. SEVENTfI: Tfiot in cose il itiould become necessory to ploce Ihis mortgoge and tlie nole securecl hereby or either of Iiiem, ~ in Ihe hands o~ an aftorncy for tollcctivn, Ihe snicl /1lorit~ogor tovcnnnls and ugrce~s wilh th~~ MGH~jtigcc to poy nlt costs, cho?gcs ~ ond expe~ses o( svch collec~io~~, inclvdin~ rrasonable oltomey'~ (ees whether colleUed by (oredosure or olherwise. ~ ' ~ ~h EiG~tTti: Th<~r, in fhc c~•enl any svi! iz brovr~hf vpon Il~is morlgagc, whclh~rr l0 lorctlo:c it, to re/orm il, ur olhcrwisc, ~ ~ ond,'o~ to cnfo~u• pr~yment of any claim h~~revndcr, Ihc Moit~aclc•~ mc~y appfy la vny tourt hnvinc~ jvrisditlion thcr~of !or 1he <~ppointmrnl o( n ri•ceiver o( ~uid morlgogc•d property, c~s weli ~~s Ih~ incomr, profils, issvcs ond revenues Ihrrrol, und Ihe sciid ~ - BOOK~~S PAGE1Uc'70 ~ ~ - - ~ - ~ T , _ _ ~ ~ - ~