HomeMy WebLinkAbout0052 To~ether ~ith dl and sinaulac the aneaKnes, hereditaonent~. easeoimes aod appurtenu~ces tbereunto o~ in w
aad tim naa. ~uues and pco6ts tjiereof, aad alio dl the csute. r ~~OQ~' a~'n'"~
~~ry. r~~~~~. ~~e ~ht, title. inteast and all clai~ns and demands vhat:acwer, as vell m la~r as m
ditiooin ~T P+n and pucel tAerc+of. and alw all ass and dcct~ic faturcs, ndiators, he~atezs~ air con-
a ~VV~uP+~. ~f. boilets, r~n~e~ de~atoa and motocs. bath tubs. iink~ ~ace~ cbxt~- ~rater buinf~ Pipe~ taucrts, and othe~ plumd
ina aad heatins f~tuces, auatd~. «frisetatu~ planb aod ic~e bo:es, ~rindo~r ttreens, screen doors~ ~eneaaq bliads, storm shutten and a~rnin~
whic6 ace ao~r o~ aaa~ lxre~f)e~ pertain to oc be used ~rith, in or on s~id prrnuses~ eren thouah t!~ be detacbcd or detuhabk, and the saa~e
are u~d sFup be deemed ~o be fi:tuns aad accessioas to the freelald and a part of the realhr.
TO HAVB AND TO HOLD ehe above desa~ibcd p~oQeet~ ua~o the Mort~a~ce its sucreswn aud usigns focewer.
Tbe Mortss~or herebp corenants ~rith the Mortgaaee that the ~[ortga~oc u u~e(euiW~ sriud ~rith the absolute aad fce simple atle of
j.: r'::~~ ~:«J. •..3 i::sT j~rwii iii~ iiwiiij i~uwi~r~ ~u Xii~ 1U01~C1~ {[a113itf afld RIO
~s$t tM ianlt: tt~it !t thall ~t I1MtYl it anr umt At[talttt
for che Dlo~aace to peaceabl~ aud quietl~ enta upo0. hare hold. aod enjor said ProPn~1. ~~~f P~ thereof• and that said properry is (ree
and disd~argcd fmm di lirns, mcvmbrances and ctaims o~ m~ kind~ in la~? or w equitp: and the Moctaaao~ hereb~ fuly .uana unto the
Moit~e ttie titk to ssid propert~ and ~rill deleod the wae sgains~ the ladul daims and dcYnands of aA persons .vhomsoever.
NOW. THFRBPORB~ the c~o~nditioa oE this mo~taa~e is 'sucfi ttut if the Mortaa~or shall acll ud w11 P~l unto the Mortaagee the
indebtcdness t~ridencrd bl tlut certaia pmmissoq note hereuubove set forth~ together ..ith interat u tbeoein uated, aad pa~ to uid Mortga6ce such
furtlrcr sum or sums of ma~. if aa~. as the Mortgagce m~~ herra(ter durin~ the co~tinuanoe of ~hese prescnts advance ro the Mortgagor, vith
interest oo such furtAer swa ot sums fran the time thep ma~ be respcctively ad~anccd at the nte provided (or in the said promissonr aote or rrotes.
e~idrncina such advuxr or advanca, and shall pe~form, compl~ writh, and abidc br cach and every the stipulations. agreements, conditions. and
wvenanb manincd snd set forth io this mort6aae ~nd in the pmmissory note secured hercb~~ ehen this mo~tgaae and t!x atue l~ec~eb~ ua~ed
slWl aeate and be null aod void. ,
AND tl~e ~io~'or does hr+rbf ~iMintll and ~e~a'ra111. if more thaa one) m~enant and agee:
l. To P~~4 ~P~f ~~d~. and abide b~ euh and e.eet the stipulations, sgtremenes, cw~ditions, aud m~mana conained and set forth
in said promissoqr noee and this mortsaae: ++~d to pa~ the principal and intecest and aher sums serurcd t~eceb~ as t~ becomc du~ and alw to
reps~ al! such futd~er advance or sd~aoces, if m~. ~rit6 in~aat tl~ecron at tbe nte stipulatcd in the nae or notes ev;drnc'ina such adw~nce or ad-
•ances as the~ baome dne.
t. To permit~ rommi~ or suffa oo wa~te~ imqirwent, or detaiontioa of uid propertp or an~ part tbereof • to do or permit to be dooe
a said premises pod~icQ~ dut sil! altes orchs~y~ che use ae~ c~r:tter of uid propert~ ar m aa~ saT impau cr ~alcrn thr sccur~ry af thit mort-
aage• and to ketp ud maintain the buildias
os
r buildin6s oov loated upoo or hereaf~cr constructed upon said premises in aood coodit~on and repair.
Slwutd tbe Mortaa~or fail ot refuse to mak~ such cepairs~ impmvemrnp, or replacemmts ~rithin thirq (30) da~s after wrrittea demaad b~ the Mort-
S~ee, ti+en and ia that case the Mortga6ee shall have the right to malce said npairs, ~mprovemmts. or rcplacrnxnts and ~o ccpead wch sum or sums
of maxy as it deems rtasonabl~ necessaqr to put said building or buildings in ~~ood condition andrepair, aad all sums w acpendcd shal! be add~d M
ud become a Put of the priocipaf~in&~cdbess secured b~ this mongage, snd shall be paid 61~ the MortRagot to the MortRagee in twrdve (t2) eqwl
consecuwe aanthl~ instsllmmc; the fitst moathl~ insWlment to be paid ~ s put of and in addi~ion co ~he mon~hlr wr~~ doe w~de~ chis mor~aage
~n the 6ra calcndar mooth folb~ria6 the cnmpktion of such rcpairs, such sums so acpmded ~o beu intecest at the nte of niue (996) per cmt per m-
num; ud the lim of this mortgage sha11 e:trnd to and secure the sums so ~peaded, together with interest thcrcon u hereinbefore provided. in all
respects ss tbough such sums l~ad bct~ a put of tbe onginal indeb~edness secured hereb~.
3. To pa~ a11 and singular the tues, usessments, levies. liabilitea. o6liRations, and rncumbnnces of trery naturc and k;od now~ on said
dexribed propertp. or that hercaftet mar be imposed, suRercd, placrd levied, or asse~scd tlxreon, or that hcrnfter may be levied or usesscd upcw
this mo~tgsge or the indebceduess secvred hereb~. euh and ereq, ~vhen due arn! payable xcording to la~r, bcforc they berome delinquent~ and ba
!orc aa~ inonrst attxba ot an~ penalry is uicurced; and insofar as an~ thereof is of record tht same shall be promptl~ satisfied and dischugtd
o( tecotd and the oriaiml oBKial docummt tvidencina.partnent (such ae, for instancr, rhe ta: receipt or the satisbction paper oBiciall~ endoned
or certibed) slul) be placrd in the hands of said Mortgaaee writhin tm ( 10) dals next a(ter pa~mrnt; and in the e.ent thst amr theceof is not paid,
satisficd, and dischar~cd uid Mo~aace ma~ at an~ time Par the same or anr put thereof w~itMout aaiving or a(fecting snl. option, lien, cqwry.
or rig6t undcc or b~ rutue of t6is mortgaae, and t!x full amount of each snd trerf such paTment shall be immtdiately due and ~jablr aad shal!
bear interat fram the date thertof until paid at the rate oE Nine (996) pn crnt per anoum, and Mltcther with such intcrest shall be secured b~ the ~
!irn of this mortasge; that in order to xcdence the maturiqr of the indebtedness henb~ senired beraux of the failure of tbe Mortgagor co pa~
aa) tu assessmmt~ liabiliq~ obligation or e~uumbnnce upon uid propetqr as l~erein pro~rided~ it shall oot be necessaqr nor rcquisite that the Mo~t-
R~ shall Grst pa~r the same.
4. Thu in the event the ownxnhip of the rtactaaged premise~ or an~ put thereof, beromes rested in a person other ~han the Mort~or.
tht Mottaa6et, ma~, without tw~tite ro the Mortgaaot. deal w~ith such wccessor or succawrs in interest ~vith refcrrnce to this mortaagt and the debt
berebf secuced in tht same mannet u w~ith the Mortgagor ~rithout in a~ w~a~ vituting or dixhataina tl~e Mortgagor s liabiliry hereunder or upon the
I debt Me~eb~ sccuccd. No sak of the prcmises Ircrcb~ mortgaged, and no f~rebearu~ce on the part of the Mongagee. snd no eztrnsion of the time
for cbe Pa~mmc of ~be debc herebr seti„rcd &Yen b~ ~he tKoccgaBcr shap o~ace co rekase, dixlurge. modifl. chaage. oc aHect the original liabilit~
o( the ~Lortaaaor herein, eitl~ in wlqle or in part-
s. Tlnt in tbe e~mt thst at the beginnina of or at anr time pendin6 an~ suit upon this mortgage~ or to foreclose it~ or to reform it, ot o0
enforce pa~mrnt of an~ claims heminder, said Mortgagcr shall applr co the Court ha~ing jurisdictioo thereoE for the appointaieM of a Recei~er, such
Court slull fonhwrich and without aotice to the Mortgagor or other defrndants appoint a Receirer of said mortgaRed Propertp. all and singulu. in-
cluding all and singulu the iocane, pmbts~ iswes, and revmues from w~futcver sourcr derived~ each and rver~ of wrhich, it beina acpresslr under-
stood, is 6ereb~ mort~cd as if specifiall~ set Eorth ~nd descr~ed in the Rnnting and haba~dnm dauses he~eof, and sucl~ Recei•n slull have all
the brosd and eHecti~e functions aodpo wrrs in an~wise mwsted br a Cuun m a Receirer, and such appoiatmmt shall be made b~ such Court as
~ an admined equiry aod a matter of absolute right of said Mortgaace, md without reference to .vberFxr or not uid mortgagcd properq be ia
rlale or inpart a homestead, and ~vithout «fecence to the adequary oc inadequaq of the ~alue of the properry mortgaged or M the solreaqr or
insol~ of said Moetasaor or the deFendants, and that such rrna, probts, income, issues; and ra+enxs shall be applied b~ such Recriver accord-
ina to the lito ot equiq of said Mortgaget aod the pnctice of wch Cou rt. '
6. If foredosuce pr~oceedit~s shouW be ins2iNted against the propettf co~ercd b~ this mortaaae upon an~ other litn or daitq wrbetlier
a11ea~ to be superior or junar to the liea of this mort~aae, dx Mortga~ee ma~ at ia optiort immediatd~ upon i~stitution of such suit or dur-
it~ P~dene~ tbe~eof dalare this morta+se and the rntirc iodebtcdness secund lrcreb~ due and pa~able forthwith and mq u its option proceed
to forcclose dus mortaaae.
7. To pa~ all aod ~ioaular the costs. char~es. and ezpenses includma a reasonabk attome~ s fee and ateo
mej s disbursements and aosts of
abstracn of tide, incurred or paid at an~ time b~ said Mortgaaee beause or in the evrnt of che failurc on the part of the said Mortgsaor dul~,
promptll. and lull~ to perform~ discharge, ezecute, eQect~ complete. compy with, and abide b~ each and e.err the stipulatioos~ saceements. c+on.
dieions. and m•enants of said promissor~ note and this mort8aae. a~ or either, ud sa;d costs, charges, and e,~penses, ach and e.ec~. shall be
immediatd~ due and pa~able, wMfier or not there be notice, demand, attempt to collect, or suit pending; and the (ull amount of each and e~et~
wch paymeot shall beat ~nterat from the due thereof until paid at the rate of Nine (9%) per crnt per annum; and all said costs. chuaes,
and espeasa w u~curred or paid, eoaeehr wit6 such interes~ shall be securcdbp the lirn of this mortgage_
e. To ioeep the impto~dnents, now e:isti~ or l~ereafta erated on the moctgaaed Propect~. insured as ma~ be rcquirnd from cime to time
6'f ~st bss b~ 6rc and other huuds, aswlties, aod contingen~ies in wch amounts ud fot such periods u ma~ be nquired b~
drc MoKBsaee, and in canp~ or compania accepcabk eo Mort~ee, with the policies and renewals ha~ina attuhed Hxreto loss ps~able clawes ia
ta~or oE aad in form acreptable ro Mort~aace as ma~ be reqwrrd b~ MortgaRer, and co pa~ prompd~~ whrn due. an~ pmniums on such ~nsun~ce•
in c6e t?ent Mataaaor fails to do an~ oE the abo~e, Mottaaaet ma~ place and pa~ for such insunnce, widaut vaiving ao~ ~,ption or riaht under
this mort~e and the amomt of exh sucb pa~ment shall be immed'utel~ due and pa~able to Mortgageq shal) bear iMeiest at the nte o[ 996
per aonum From ib date mti) paid, and, toaether w~ith sucl~ interest, shall be secured b~ the lien of this mortga~e. Io erent of loss~ Mortgaaor will
ai•e immcdiau notice b~ mail to Mortdaaee. md Irtortga8e'e ma~ _make proof of loss if not made P~P~~I b1 MortBa~or, and each insurana own-
pau~ aoo~r~ncd is he~eb~ authori:cd and directed to make pa~mrnt for such ~oss dircctlr to Mortgagee insrcad of to Mortgagor and Mortgaaee
pind~~ and the iasunnoe procecds. or an~ part thereof. ma~ be applied by Mortgager at in option either to the nductioo of the indebtednas he~cb~
savred or to the rcscoratian or apair of the properc/ dams . in ennc of forcclosure of this mortgage or ather tnnsfer of titk to the mort6aacd ~
cd
PropM~ in ~tinguishtnent of the indebtedness serured her , all right, titfe, and intercst of the MottRagor in and to an~ insunna policia tlrcn m
l~urce shall pass to the purchaser or ~rantee, appropriate cndit being giscn therefor, a(ter, but as of the date of. such tnnsfer and deli~enr of
P~session- .
. 9. TFnt the abstract or abstracts of tide co•erin6 the mortgaged Pro~+ert~ shall at all times, durina tht li(e of this mortgaae~ remain ia the
possession af the Mortgagee~ and, in evrnt of the foteclosure of this mortRage or other ~nnsfer of tiNe to the mort~aacd propeR~ in eutinguishmrnt
of, the mdebtedrxss securcd lxreb/, all rijht, title, and interest of tMe Mortrta~tot in and to anr such abstncts of tiNe shall pass tt+ the purchaser or
6nnMe.
10. That in the event mottR~Ree(s) elats to uke out monRa~te lik insunnce with ynrly premium to bt aJvatxed by th~ association, the
monthl~ parmeMS sAall be incrrased so as to amortizt such aJcancerrxnt in tw~elve equal paymcnts.
. a~~K Gt~~. ' '~2