HomeMy WebLinkAbout0976 J. To plu~ ~~+d con~inuously k~ep on ~M bu;ld~ngs now a Mr~~ft~r situet~ on s~~d I~nd and on ~11 puepment ~nd penonaily cover~d by thl~ ma~
~y~, wilh •1) premivmf the~eon pa~d in (ull, fir~ insur~nce i~ th~ usua~ ~undard potity fwm, in • wm approred by IM MOR(GAGEE, ~nd windslwm -
inwraoc~ Ie tM ~swl iundard po6cy form, in a wm ~pprov~d by ~M MORIGAGEE, 10 ~~ch comp~ny a comp~ru~t a tM MORTGAGEE n++y t
dirfclj ~nd all tir~ ~nd wiod~~orm iniuranee policiea on ~ny of s~d build~rqs, ~ny Inttr~ft IMr~ir? or part ti+Heoi, in 1h~ pyre9~N wm afatNid or
I~ ~xcsss In~rtaf, aMlf contain fh~ usual ~randard monya9N cla~~~ or auch ottwr d~ua~ ~s tM MortyapN m~y rpurt~, m~kinp tM bs~ undN said po14 : L;~
ci~s, each ~nd ~v~ry. paYabl~ ro said AACQTGAGEE as itf int~r~at m~y ~pp~u. Mt~ fKA ~nd ~wry ~uch poticy ~MII b~ promplly ~~iq~ed ~nd d~liv~red ro
~~y hdd by s~id MORTGAGEE as funhsr security to uid mony~ye debL and, not less ~han tN? (10) d~ys in ~dwnc~ oi tM txpiration of OKA pOlity. to d~-
IivK fo taid NtORTGAGEE • rH~ewal iMreof, toyethN wirh a rcceip~ fa tM p«mium of s~ch renew~li and ~Mr~ ihall b~ no fK~ w wlr~d~~am in~uranc~ -
pl~c~d on ~~y of wid build~nps, •ny in~erest there~n or par~ theraof, unle~s ~n ~M form and wi~h tM lou payabl~ atw~~aid; ~n~ In the ~v~nl any wn? ~
o( nwn~y becornes p~yable u~de~ such policy a pol~cw~ i+id MORTGAGEE ?hall haw tM op~ion to receive and ~pply tha sam~ on accw~+~ of tM ind~bted
n~ss ~~tut~d Mrsby or fo psrmit s~id MORTGAGORS t0 reteiw ~r+d us~ 11 Or •~y parl thereal for othe~ pu~posef, wilhout ~htreb~ waiving O~ unpa+r-
Inq any pvity, ~iN+ or ~igh~ unde~ w by virtue oF thu mo:syaya; •nd in ~FN •vent taid MORTGAGORS iMll Eor sny rtason fail fo kNp tM said pr~mises w
iniured, o~ lall W deliver promptly ~ny of said policies of infurance to faid MORTGAGEE, w fail promptly to pay fully any premivm thsnfa or in a~y :
respact f~il to psrform, d~sch~rge, eaccute, •i(ec1, compteta, comply wirh ~nd abide by this mve~a~t, or any part M~wf, qid MORTGAGEE may pl~c~ +~d ~
paY (w svcA in~urance oi sny parl thereof without waivinp w affactinp any option. lisn, equity, or right vnda W by vi~fw of thit Mo+~9aps. ~nd th~
full amovn/ of each ~nd ave~y such payment shall t,e immedi~tely dw and payable ~nd ahsll bear interest Irom tM dat~ thereof u~ti) peid at tFy rat~ ol ' q
nir» pe~ c~ntum psi snnum and together wi?h suth intereit ihall be sewred by tM iitn of thii rnortpagt. ;
1. To pe~mi/, oommit w sufier no ws~te, impairnknt or detararstion of said property w arry/ parf tMreof. ~
5. To pay all snd tinputa? tM co~», charges snd •xp~nse~, includirq a reason~bl~ +ttomsY i fe~ ~nd costt of ~bitracb of titl~. incurr~d a paid H ;
eny tims by said MORiGAGfE, bacause w in the even~ of tiu lailurs on tM parf of th~ ~aid MORTGAGOR ro dvly, prompdy ~+d fully pN}orrn, d+schuq~ `
exKUtt, eff~a, compk~e, comply with s~d ab~de by each and evary tM i~ip~lanons, ayreemen», ca+ditipa. and eownann of ssid promiuory noN ~nd rh4
mo~tg~ye any w eiiher, and sa~d costs, <Mryet and expenses, each and evmy, shall be immedi~tely due ~nd payabtt; wMtMr or not ther~ b~ nofic~ d~ 3
msnd, attempt to collect or suil pend~rgj a~d the fu:l mauM of each and every tuch paymeM sMll bea? interost irom tFw dah 1h~reof u~til paid at tht j
~a~e of nina per cenwm per an,~um; and sll said costs, charges ~nd expenses incwred or paid. ~op~~h~r w~th wch inte~~s4 shall b~ wcwad by th~ lien of tha
mwtpaqe.
6. Thst (e) in the event of any breach oi thi~ Mortgage w default on ths pa?t of the MORTGAGOR, a(b) in the ewnt ~ny o~ utd tums of money i
herein referred to be not promptty and fully paid within 1h:rty (30) days ne,et afte~ the same severatly become due •nd payabls, without d~mand or notice,
or in tM evsn~ euh and evary the stipvlations, sgreeme~ts, conditeons ~nd covenant~ of sa+d promiuwy ~wt~ and th~s mortppe any or ~ithe~ are nol
iuly. p?omptly ~nd fully ps~fwmed. d~uharged, eaecuted, eifected, completed. complied wi~h ~nd ~b~ded by. ~hen in ~itMr w any wr.h ~wnt tM s~id p~
gregat~ wm memioned in said promissory ncte thm remaining unpsid, with intere~t x.rued, and all moneY• secured hereby, sMll becom~ dw and pay-
able for~hwith, or thercafter, at fhe oFt:on of sa~d MORTGAGEE, as fully ard canplerely as if all of the said sums of money were a~ginally st3pul~ted
to be pa~d on sucA day. anything in sa:d prom~uory note w in thi: Mongage to the contrary notwi~hs~anding; and tMreupon p thereafter ~1 the option of
sa;d MORTGAGEE, without notice a demand, suit at law or in equity, there(ore w tl~ereafter begun, may be prwecuted b if •11 rtaoeys aecured hsteby
had matured pr+a to itt institvhon.
7. That i~ the event that st the beginning of or ~t any time pendirg any tuit upon this Nbrtgsge, a to fweclos~ H, oi b rsfwm it, o? fo enfo~q
paynxnt of any claims he~eunder, said MORTGAGEE sMll apply to the Coun having jur~sd~uion thereof for the ~ppo~ntm~nt of ~ Reuiver, such Coun ~hali ~
Forthwith appoint a receiver of said mortgaged property all and sing~lar, includ~ng all snd singular the intome, p?ofett, issues ~nd rtvenws irom whatever ~
seu~ce derived, esch ~~d every of whrch, it be~ng exprculy understood, is hereby mor~gaged as if ipecifiutly set fonh u+d desaib~d in ehe prantinp and
habendum clauses F+ereof, and such Rcceiver shatl have ail the broad and eifecrive funct:ons and power: in snywise entrust~d by • Courf to a Receiver, and
:~ch appointment shall be made by such Court as an ~dmiited equity and • ma~ter of absolute right to sait! MORTGAGEE, and without referenu to the
adequacy a inadequacy of the value of ~he property mortgaged or to the wtvency or inw~vency o( said MORiGAGOR or the defa~dants, ~nd that iuch
r~n+s, profits, income, issues and ~evenues shall bs spp;ied by such Receiver accord~ng to the lien or eq~iry oi s+id MORTGAGEE and the pc~ctice of such
CovA.
B. Io duly, promprly and fully perfo.m, d~scharge, execute, effect, complete, compty w~th and abide by each and every the stipufations, ~greament~,
conditions and covenants m smd promissory note and th;s morrgage set fwth.
9. That in the event tF+e ownership of tF~e mortg~g~d premi~es, a any pKt the~eof, becomes vesfed i~ • penan o~her than the MORTGAGOR, tF+~
MORTGAGEE, its successori u~d assiyos, may, without notic• to the MORTGAOR, deal with such autcessor or successor in interest with re(erence to this
mor~gage and the debt he+aby secured (n the same manner as with Nbrfgagar witl+ovt in any way viti~tirg or d~scharging tl+e Mortysgors' tisbility hera
~nder w upon the debt hereby sacu.ed. No t~1e of the premis~s hereby mortgaged and ~o fabesr~nce on ti+e psrt of ~he MORTGAGEE or its iucusson
or assigns and no eatension of the t~me for ths paymenl of the dcbt hfreby srcwed qivsn by tM MORTGAGEE or iti sucuuas or usi9ns, shall opaate ~
ro releau, d~xharge, modify change a effect the orig~nal liability of ~he MORTGAGOR Mrein, either in whole w in put. +
10. It is speci(icatty agreed thaf tim~ is of ~M essence of th7s contr~et end that no w~Iv~r of an~ obliyation hereunder w of tl» obliyatan ss-
cured-hereby shall ~t any teme the+eafter bs held ro be s weive~ of t}~e te~ms hereof or of the instrwneM secwed fierby.
I 1. In add~tion to the Forego'ng rnonthly payments of princ pal and interes~ req~ired by the promissory rtote secured hereby, mwtgagor tovsnants
a~d agrees to pay ~o mortgag~e with each momhly payrrm~t an addniooal sum est~mated by moilg~gee to be equsl b 1%12 of the annual cost of the follow-
'^9~
A-All real properry ta~ees kvied or assesied againsf the abow described real estate_ • ~ ~ ~
B-Premrums o~ fire and v.indsto+m insurarce as hereiri requ:red to be cartied on the improvements situate on the ~bOVe described premists.
~ C-Prem~ums an such mortgage guaranty insurar~ce as moftgagee shail from tyne to time d~sm fit to carry on th~ iwo secured ber~by. .
Mortgagee shail fram t~me to time notify mo~tgagor in writ~ng of the amouM due and payable hereunder and such sum shall thereupon be due and
, Fayable on the due date of the next month!y payment and each successive manth thereafter ur.til mortgagee shat) notify mortgagw of a change io such
amount. Such sums shaH be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgsge guaunty insur~nce -
premiums- . i
tN WITNESS WHEREOf, the said MORTGAGOR has hcreunto set his hand and seal the day ear first atoresaid. -
~ Si~ned. Se~led and delivered in the prese~ce of:
~ ~ ~ ~ aq _
_ _ e N. B ,n
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; ~TN~= aZCfs C. BZtls~ n.aq
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( STATE Oi ~ C~C/L/ ~
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~OUNTY Of 1
~ eefwe ms penonally s ared Joseph N. BZIl~O
~ Marcia C. Brims
~ his wife, to me welt knawn .nd known ro me ro b•
~ the individuats deuribed in and who executed the foreyang instrument, end ackrwwted~ed ~ before me tF?at tMy exewted tM sarrr fo~ fF+e purposss
` rfierein acpressed. And the said MaIC~B C. BZUOR
$ wife of the s~id Joseph N. B=13A~ , upon a sepswt~ and priv~l~
exsmination by me t~ken separate and apart from her said husba~d, ~cknowledged to and befwe me that shs executed s~id instrument fretl~ and vokin-
rarily and w~thout any computsion, constraint, app~~F+~nqaion, or fe~r of w from her said Musband.
$ WITNFSS my hand snd official seal thi~ d~y of MarCh p, 19 7ff
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