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Home My WebLink About0234 AND the soid Mortyo9or h~rebr tovenanfs and oprees with th~ soid Mortpoqe• as follows: FIRST: Thol the Mortpoyor is lowiully s~i:~d of th~ obov~ desuib~d pr~mi:ei in fte simpl~ ond hos Qood ri~ht 1o sell and convey the same to rhe Mortyo~ee; thot the soid pre~n~sss or~ fr~~ and disthor9ed of and f~o+n oll taxes, tax titl~s or cat+ficates. judyments, methonic's liens ond encumb~ances of anr notur~ o~ kind whatswv~r ond thot th~ Mortqaqor will fullr warra~t ond defend the same to ~he Morr9o~ea. aqoinst •he lawful cloims ond demonds of all p~rsons whomso~ve?, and witl mok~ sucfi furtM~~r assuro~ces to perfect fee simple title ro said land, i~ Me Mort9apee, as may r~osonoble b• ~~quir~d. ond will poy the seve?al sums of money ugreed in the said note to be poid and all insfoll~nents of p~incipol ond interesl fher~on promptly when dus, and accordin~ ro the trve teno~ ond eff~ct of th~ soid not~. SECOND: Thot the Mort~ayor will pay cll and sinqulor Me toxes, os:essments, levies, and encumbronces of every noture on the obove dexribed property. ond upon this mortqaq~ and ~ote, or the mo~+er secured th~rebr, before delinquentr thereof ond receiph evidentin~ paymeM of said toxes, assessments, Itriss ond e~cvmbroncss sholl be deposited with the Mortya~ee on or before Morch lst of eoch succeedin9 yea~ durinp the tenn of Mis monyo~e; a~d if same be not promptly poid when dve. the ' Mo.tgagee may (w~thout obliqotion to do so) poy the :oms, or becane purchaser of any lowful evidence thereof, or ce?tificate the~efor, without woiviny or afFetti~~ onr ri~ht hereundtr and in this nw?tqape, or the soid note which Mis na~tgo9e secures; and such poymenh or expendit~res so made sholl bear inter~it from th~ date thtreof ot the rote of~lOCper centum ~Cper amum. THIRD: Thot Me Mort a wifl kee all real and ersawl ~8 • 75$) y~or p p propert~r now or reoher encumbered br the lien of this mo~tgaye insured as may be reqvired from time to time br Me Mortpo9ee aQoi~t loss br R~e, windstonn ond ofher hozards, casuolties and contingencies for such periods and for not less Man w~d~ amounts os mor be r~qvi~ed by the Mort~a~ee and to par promptlr when due all premiums for such inwronce. The onwunh of wd~ insurance r~quir~d by th~ Mort~opee ore expreuive of only fhe minimum cmounh for whith said iraurante sholl be writf~n ond it shall b• intumbent upon the Mor~pa~w to maintain sud~ additional insurance as may be ~eteuory to meet and c~omply fuflp wiM all co-inwrante requirements contained in said policies to the end that said Mortga~or is not o oo•insuror fhar~und~r. Insu?ant~ shall b~ wriften br a tanpony or tompani~s opproved br the Mo?tgogee ond oll policies ond renewcls the~eof stwN be held by the Mortqa9ee. All detailed desi~notions br the Mort~a~w which ore accepted by the Morf~c~ee and all a~reements betwe~n MortqoQvr.and Mo?tqopee ~elatiny to inwrcnce, now existinq . or hereofter made, shalf be in writin~ ond sholl be o parf of fhis nwriqa~e a~reement as fullp os Mwugh set forih verbotim herein and shall ~ovem both pa~ties hereto and their suocesson ond aui~~n. No lien upon any of soid poli~ies of inw~once or upon onr refund or retum p~emium whith moy be poyabl~ on the tancellation or terminotion thereof, shell be ~iven to other than the Mort- ga~ee. except bY Proper endorsemenf of~'ixed fo wd~ policy ond approved by Mo~t9oqee. Eoch policy of ir~wrance sholl hove afFixed fhereto o Standard Mort9o~ee Clause oaeptable to the Mort~o~ee, maki~p all bss w losses under wc~h policp porable to the Mortgagee as ih interest nwy appear. In the event onr wm or wms of nqney become payable thereunder the Mo~t~aQee shall have the option to receive end opply the same on aaoount of eth indebtedness he~eby seaued, o? to permit the Mortgoyor to receive oed use it, or any part the?eof, wiNwut ther6by waivirp or impoiriny ony equit~?, lien or ri~ht under ond br virtue of this mortgaqe. M event of loss or phrsicol danw9s to the nwrt9a~ed property the Mo~t~o~x shall qive immediate notice thereof br mail to the Mo?tgagee and the Mortqaqee mor make proof of bss if the same is not mode pranpNr by the Mort9aqor. M event of foredowre of this nwrf~a~e or other transfer of title to the nartpoyed property in exNn~uishment of the indebtedneu uared hereby, all ri9ht, tiNe and interest of fhe Mortpo9or in ond to any inwronte polities then in force sholl poss to fhe purchoser or grontee. Upon any defauM thereof, the Mort9aqee nwr (but without obli~ofion on its paR so to do) place insuronce on wth buildin~s and par the premiwn and chor~e wsh sums w paid to th~ Mort9a~or ond such sums of mw~er so paid shell bedr interest from the date of poyment at the rote ofai)~lCper cenhrm j@~iCper anwnn. " eight & three.y-quarters (8.75$) FOURTH: That oll sums of mw~ey poid or cousad to b~ poid by the Mo?tga~ee under the terms of this na~t~o~e and herein specifically provided for, and indudin~ anr expe~es inarred by the Mort~opee in oollection of the wm secured br this mortyage, . shall be covered by the lien of this nwrt9age, the same as the sums of moner represented by the note which this mo~tgaye secures. i FIFTH: To permit, commit or suffer no wosfe, empairmeM or deterioration of said propeAy, or eny port thereof, ond upon the #oilure of the Mortgo~or ro keep fhe buildin~s on said prope?t~r in ~ood oonditeon of repoir, the Mort~a~ee moy demand the ~ immediote repoir of said bvildings, or an irx?ease in the omamt of sacuritp, or the immediate repoyment of the debt herebr ~ secured, and the failure of the Mortgaqor fo comply with said demand of the Mort~apee for o period of fifteen (15) dars shatl E constitute a breoch of this mo~tgoge, and, at the option of the Mortqa~ea, immediately moture the entire unpoid principal and y interest herebjr secured, ond the Mort~a9ee may, wifhout notice, institufe proceedings to foreclose this mortgage, and apply for the appointment of a receiver, os hereinofter provided. ~ f ~ ~ SIXTH: That the Mortyaqor herebr promises, covenonts and a~rees fo poy the wms of money ond interest os mentioned ~ in soid promissory note, toyether with onr ond all other sums jvsHr due ond owin~ fhe Mort~ayee by the terms therein, and setured ~ to be paid as stated therein prompNy when due. If default shal~ be mode in the payment of the said wms of money or anY part thereof as provided in the soid note or fhis mortpa~e, or if tfie intere:t thot moy bscome dve thereon or ony port thereof shall be ~ in defovl~ and unpaid for o spoce of fifteen (15) days, or should the Mortgeqor breoch or foil to complr with eny othe~ tovenant # or ogreement on the port of the Mortgeqor to be tomplied with (in Mwse coses in which the option of the Mortyogee of ouelera- ~ tion is not otherwise expressly provided herein) and such breach or non-compliance continve in existence for o spuce of fiheen (15) ' days, then and from thenceforth, at the option of the Mortgagee and withovt notite to the Mo?tyagor, the whole of said principol r sum expressed in said note, togefher wifh ell other wms therein as well as herein provided for, sholl become immediotely due ond Q payable, without notice to the said Mort~o9or. - , ~ ~ SEVENTH: Thot in case it should become necessary to ploce this mortgaye and the nofe secured hereby or either of them, € in the honds of an ottorney for collection, the soid Mortgagor wvenants ond ogrees wifh the Mortgegee to pay oll costs, charges € a~d exper?ses of such collection, includin~ reasonable attorney's fees whether collected by foreclosure or otherwise. ~ ~ EIGHTH: That, in the event any suit is brought upon this monqo~e, whether to foreclose it, to reform it, or otherwise, ~ ond or to enforce o ment of on doim hereunder the Mort a ee ma e ( to an court hovin P r r . 9 9 Y PP Y Y g jurisdiction thereof for the ~ appointment of o receiver of said mortgaged property, as well es the income, profits, issues and revenues thereof, ond the soid ~ ~ g ~ ~ OR BooK 245 ~33 ~ 3 ~ ~ - :;r ~ ~ ~ ~ :T _ j - - - ~ ; ~ ri _ - x ~c-~~" . _