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Home My WebLink About0697 our file ~5-3~7,613 , th~s a~ort~~~e w o~he~ ~ransfe~ of ulle ~u ~he iawt~a~ed poperty ~n saUn~u~shnKM u1 ~Ae ~ndebudnesa secwad Aere~f. al! n~A~. uUe snd ~n~ere~1 of tAe Mor~{~~w ~n ~nd Io sny ~n~Wance pollc~es lAep ~e (ace aMll paa~ to ~he ~wcAase~ w ~r~nue. (A) To oer(iviu, cwnply +r~U? snd ss~de by e~ch ~nd everY ~Ae •~~ou1~l~ons. ~~tcemeais. co~d~t~ms sed coven~n~s ~e s~~d orus~sso~y note ae~d ~n ~h~a deed ae~ for~A. b) TAaI d any o( ss~d srws o( ~aonty hae~n referred to Se no1 praapUY snd fully pa~d ~iih~n an«~ e,y: ~eu .a« tAe same ssverally beco~e~ due ~nd psYable.w ~f e~ch snd every tAe s~~pul~t~ona. a~ree~sen~s. cond~UOns snd covcn~nts oT s~~d pow~s• saY ~~e and thu deed. or euAer. ue not fu11Y Y~r(or~ed. coaipl~ed and ab~ded sy, tAe ~a~d a{{re~~~e sue~ menuoned in ss~A pro~~ssay nots sAall ?eca~t due a~d O+Y~elt (aU~v~tA a tAere~(te~ ~t tht opt~on ot ~he Nat~~~ee ss fuily anA con~ple~ely as if ~Ae s~~d ~~tre~s~e suw of s~~d pan~~say note ~r~s a~~~ns11Y s~~pul~~ed tw be paid m sucA drY. snyW~e~ m s~~d pan~ssotY no~t a Aerem ~o tAe contrary notritDst~nd~na. 1 Tha~ in ade~ ~o accelerate iht m+wr~ty ot tAe ~ndestedness AereAy secwed, because of iAe ta~lu~e of ~At Mwt~a~a ~o p~y any ua, •asessssnl, lub~lity, oslisa~~on w encuaib~~nce upon s~~d prnptr~y, as Aere~n prov~ded. shall ao~ se ne~es~a~y a teqws~~t U+a~ ~he ma~sa~te shsll tust psy tAe sase. 2. The A~lottgagee may, at his option. a~d w~thout wa~v~ng h~s r~~ht to accelerate the indebtedness heteby secured and ta foreclose the same, pay either before or after delinquency any ot all of those certain obli~atio~s requited by the terms heteof to be paid by the Mort~a`~t for the protection of the mottaa~e security o~ tot the col- lection of the indebtedness hereby secured. All sums so advanced or pa~d by the !No~tta~ee shall be cha~`ed into the mottgate account anJ become an intedtal part thertof, sub~ect ~n all respects to the te~ms, conditions, and covenants of the a[aresaid ptom~ssory note. and this mortsage, as fully and to the same extent as thou`h a part of the oridinal indebtedness evidenced by said note and secured by this mortgage, exceptine however, that said sums shalt be repaid the Mortsagee forthvvith upon its demand and be ~n addition to the regular monthly install- ments provided by the mortsage note. - 3. That the abstract or abstracts of title coverina the mortgaged ptoperty shall at all times. durin~ the life of this martgage, remain ~n possess~on o[ the Alortgagee and in event of the loreclosure o[ this mort~a6e or other ttansfer of title to the mortgaged property in extin~uishment of the indebtedness secured hereby. all ti~ht. title and ~nterest of the Murtgagor ~n and to any such abstracta of title shall pass to the purchaser ot Srantee. a. To the e:tent of the indebtedness of the Mott:aaot to the Mort~saee desctibed herein or secured hereby, the !1lortgagee ~s hereb~~ subroaated to the lien or liens and to the riahts of the owners and holdere thereof of each and every mortgage, I~en or other incumbrance on the land described hetein which is paid and!or satisfied. in whole or in part, out of the praceeds of the loan.de~scribed herein or secured hereby.•and the reapective liens of said mort6ages, liens or other incumbrances, shall be and the same and each of them heteby is preserved and shsll pass to and be held by the Mortgagee herein as secutity for the indebtedness to the Mort6a6ee herein desctibed or hereby secured, to the same ex~ent that it would have been preserved and would have been passed to and been held by the ~tortaagee had it been duly and regular~y assigned, tcansfetted. set ovet. and delivered unto the Mort- gagee by separate deed of assi6nment, notwithstanding the fact that the same may be satisfied and cancelled of record. it being the ~ntenuon of the parties hereto that the same will be satisfied and ca~celled ot recotd by the holders thereof at or about the timc of the recordin` of this mort~a~e. ~ S. ln the event the ownersh~p of the morttaaed ptemises. or any pact thereot. becomes vested in a person _r. other than the ~lortgasor, the ~1ort6a`ee may, without notice to the Mort~asw. deal with such successor or suc- ~ cessors ~n ~nterest w~ith reference to this deed aad the debt hereby secured. in the same manner as with the Mott- T--+ ~a~or without in any way vit~ating or dischargin6 the Moct~a`ot's I~ability heteunder or upon the debt hereby ~ secured. No sale of ~he ~+remises he~eby mort~aged and no fabeuance on the part of the MortfaEee. and no ex- tension of the time for the payment of the debt hereby secured siven by the Mortgaaee shall operate to release. ' ~ ' charae. modify, chanae or. affec~ {h ~oriainal liabiliry of the Mortgaaor herein either ~n whole or in part. I l.? 6. The lien of this deed secures and shall continue to secute payment of said indebtedness or indebted- ~ I ~ n ss. howevet evidenced, whetherby said ptomissoty note or any tenewal or extension theteo[ or substitute there- ? f v ` or, or otherw~se, until all sueh indebtedness shall have been fully paid. i ~ . 7. /n the event.t~:aw?tgagars sell, convty o~ t~ansjer the mo~tgagtd premises during the liJe oJ this n~orl- ~ ge, then this ?nortgcge sAafl; 01 ~he Option pJ thr Alortgogee he.e~n, 6ecorne inunedictely due and payabf~ Jor rh~ uIt sur~ oj the p~~ncipal balonce and interest then due. 8. The terms "Mortja~ot" and "Mottgasee" whenever used in thi~ instrumcnt shall include the heirs, v . personal representativ~s, successors and assigns of the respective parties hereto. Wherever used the sinaular numbet shall include the plural and the plural the singulet, and the use of any gendet shall include all genders. O ~ ned, sealed and deli red i the e of: ~ , (Seal) ~ ~ ~~tness as to ~`uan~ta ~u~~`~ns : Seal) ~°~R-- ~V ~Q~ > ~ ' r ~ • a 8-~-~J g - 3 KENTU~ STATE OF ~ COUNTY 0~~~~ ~ ss , ~ 8etore me personaliy appcared Jt7ANITA MULLINS, being the wife Of CECIL E~~~~~~ ~ to me well know~n and known to me to be the individuals desctibed in and who executed the fote6oing insttumen , ' ~ and acknowledsed before me that they executed the same for the purposes there~n expressed. WITNESS my hand _ and off~cial seal in the County and Statt {ast aforesaid this 22nd DSy Of MSy~ 1977 ~ ~ ~ ~ ) ~ : ~ - _ ; ~ , ~ ` ' , ' ~ly Comm~ssion Ezpires: ~ ~ f~a Notary PubliC; ~State of . ~ . t _ r . , ~ . y . - - • i' B00!( ~.lh~ ~ ~ . ~ _ J '.ta- . ...-_a. ~ w a Z~~S.~.4.