The URL can be used to link to this page

Home My WebLink About0980 Our file 5-34,783 notio~ the~e~f by m~il to t}u Mortg~~es ud the Mortgngee rtuy malce pra~t of iws it thr same ia aot made pn,mpUy by tM Mortg~gor. In wenv ot lors closurt ~s mortgage w other tr~nefcr uf titlc to the mortgagal property ?n estinguis!?raeat of tAe indebtednw seturod 6snhy. all ritht, tiUe and ?nterest ot tAs lNortg~gor ~a uta m any ~naurance po~c~ tAea ~n torce ahaii pa~a to tne purcAaxr w gnntea Ih1 To pe~iorm, comply ~vith and ~bide by e~cA ~nd every the ~tipulation~. ~g~cements, coaditione and oovenanLS in xid promiasory aote uid in tltis d~ed wt torth. 1i17fut it anr ot aaid sums ot aa~y herein re(erred to Ae not promptly and tully paid w~ithir~-- -__f (teen days ne=t ~Rer tAs aams ~evarally 6~c+o~n~a due ae~1 ~rya6le, ar it a~e~ ~~d avey lhe ~tinJation~ agre~ts: eo~dit i~w?+ and mven~nt~ of uu1 orania~ery y~a ~nd tlui deed; er ~it1+~r: l~i~ . aot [uUy pertonned. canplied ~rith ~od ~bided by. ths said aggr~te ~wn mentioned in aaid promissory ~wte sAaU beoome dus u~d payabls torthwitA or tAKe~tter ~t tAs optioa ot tAe Mortgagee as tully ~nd ~vmpletdy u it eM said aggreg~te sum oi said pronussary aote ~ras originally stipulated W D~ p~id 0o a~eA d~y, anytAin~ ia a~id proRU~aorv rote or Grrsin w tAecontnry naw ichstanding. ± ; ~ 1~ I 71ut ~o orter to arceknte tl~ ma[urity ot the iodebteviness hereby secured, txrause of the tulure ot the Mor[gagor to pay any tu, aasesamet?t, liabiti- Z tY, obligation or eneumbr~noe upon said pruprrty. as herein pro~•idrd. it shall not be neoessary or requisite t!u! the mortgague ahall fwt p~y ~he ~ut~_ . ; 2. The Martgagee mey, at his aption, and without waiving his right to accelerate the indebtednese hereby secured and to foreclose the same. pay either before or after delinquency any or all of thoee certain obligations required by the terms hereof to be paid by the Mortgagor for the prot~tion of the mortgage security or for the collection of the indebted- ~ ness hereby secured. All sums so advanced or paid by the hiortgagee shal! be charged into the uwrtgage account and become an integral part thereof, aubject in all respects to the terms, conditions, and covenants of the aforeeaid promis- sary note, and thia mortgage, ea fully and to the same eztent as though a part of the original indebtednesa evidenced by said note and secured by thia mortgage, ezcepting however, that said suma ahal! be repaid the Mortgagee forthwith upon its demand and be in edditan to the regular monthly instaUments pmvided by the mortgage note. 3. That the abstract or abstracts of title covering the mortgaged property shall et all timee. during the life of thia mortgage, remain in possession of the Mortgegee and in event of the foreclosure of this mortgage or ather tranafer of title to the mortgaged property in eztinguiahment of the indebtedness secured hereby. all right, title and interest of the Mort- gagor in and to any such abstracta of title shaU pass to the purchaser or grantee. ; 4. To the e:tent of the indebtedness of the Mortgagor to the Mortgagee dexribed herein or secured hereby. the Mortgagee is hereby submgated to the lien or liens and to the rights of the ownera and ho~ers thereof of each"and every mortgage. lien or other incumbrance on the land described herein which is paid and/or satis6ed. in who~ or in part. out of the proceeda of the loan described herein or secuied hereby. and tl~e respective liens of asid mortgages, liens or oLher incumbrances, shall be and the same and each of them hereby ia preaerved and ahall pass to and be held by the Mortgagee g herein as security ior the indebiedness to the Mortgagee herein described or hereby aecured, to the same ertent that it ' would have been preserved and would have been pessed to and ~een held by the Mortgagee had it been duly and regularly } assigned, transferred, set over. and delivered unto the Mortgagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record. it being the intention of the parties hereW that the same will be satisfied and cancelled of reoord by the holders thereof at or about f,he time of t6e recording of this mortgege. 5. In the event t6e owners6ip of the mortgaged premiaes, or any part thereof, becomes vested in a person other than the Mortgagor. the Mortgagee may, without notice to the Mortgagor, deal with such successor or successora in in- > terest with reference to this deed and the debt hereby secured, in the seme manner as with the Mortgegor without in any ' way vitiating or discharging the Mortgagor's liability hereunder or upon the debt hereby secured. No sale of the premises ~ hereby mortgaged and no forbearance on the part of the Mortgagee, and no eztension of the time for the payment of the ` ~ debt hereby secured given by the Mortgagee ahall operate to release, discharge, modify, change or affect the original lia- ~ ~ bility of the Mortgagor herein either in whole or in part. 6. The lien of this deed secares and shall continue to secure payment of said indebtedness or indebtedness, however 3 j ~ evidenced; whe~het hy sai¢ pRomissory note or any renewal or extension thereof or substitute therefor, or otherwise, ` until all such indebtedness sha~l F'iave been fully paid. ~ 7. In the event the mortgagors sel~ conue_y ar transfer the mortgaged premises during the life of this moKgage. ' - n this mortgage shall, at the option o/ the Mortgagee herein, 6ecome immediately due and payable (or the jull suin o/ ~ , he principal 6alance and interest then dG'e. J ~ 8. The terms "Mortgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, pet- i u nal repreaentatives, successors and assigns of the respective parties herew. Wherever used the singular number shall clude the plural and the plural the singular, and the use of any gender shaU include all genders. i ; it as to Susa~ M Vatter: _ / ~ ed and deliv ed in the resence of: 1 Seal) { 4 ~ Y r . i •r - (.SCB~) f - E _ V~ € STATE OF ss ~ OOUNTY OF ~IXI~ i ARLINGTON ~ Before mepersonelly ePpeared SUSAN M. VATTER~ beitlg the wife of RICHARD R. VATTER~ ; to me well Imown end known to me to be the individual described in and who ezecuted the foregoing instrument. and acknowledged before me thet they executed the same for th ~~trposes therein eapressed. WITNESS my l~and and official seal in the County and State lest aforesa'd this h Day of May, 1976 ; • - . ~ , t . . , H-. i ~;r: ! : ~ T ~ ' / / / ' ~ ' J 1 _ S % : ~ - f ` My Commission Eapires: Notary Public. State of - s , s . ; . s _ + ` ' f ~+i L V t ~ ~ 3 L 3 i ~ f = ~ 253 F~~F 97g ; 4 ' ~ G ~ vs~" " 1 . ~ ~yr:~ _ . " . _ _ . ~it