HomeMy WebLinkAbout0709 ' ~~'~C'~
~~~i~,
CIERK CIROYIT ~d11RT
e: ^.•1l~: vERIi1E0
~UG 8 ~2 ~ ~
3'~~658~
shaU luvs ths optioa to recaive and apply the eams on aooount ot td ind~btedaea ~ecucad henby o~ W PKmit
sdd Mortgagor W receive ~;d u~e ic or apy parc c6eeeof for ocher purposs. wiehoac cl,ecebp waivins or i~airioE
an7 a4~~Y. lieq or right und~ or by virtue ot tRis mortg~gs: aAd ia tLs event said Moetgsgor shaD tor aqp ca~wa
fail to Iceep the said p~nises so insured. ar tail to deliver pro~opt~? W~ eaid Poljciw ot iawrtno~ to ~aid
Mortgage~. ot. fail promP~~Y ~ WY aW? Pe~mium tl~etetor. br in aiq? rwpeCt hil W peefarm. dis~6ar'~s.
escute. eftect. tompkta comply ~th and abide by this oovenaa~, or aay patt lMeeot, sald Mort6~ mU? PVa ~
p~y tor snch insuranoe or aay p~rt theceof wlthout w~iving at aftecting any option. Kso. e~Nit~ or riabt or b7
virtue oE this mortgags. and t6e tull amonnt of e~cl~ and every such payeaent ah~ll bs ima~ediaRal~? dus aod p~yabis
aad shail bear intereat from tha date tleereot untU gaid at tbe rate of tea per oenwm per annum aAd Wgetber with
euch intecest sl~all be sscurad by ths lien ot this mortgsgs.
4. To permit. commit or suHar ao ..asca tmpstra,ent oc deter;ont3oa ot edd property o~ w? P~*t tl~eeeot
a. To p.y .n .na sic~ular ct~e msca ~+a ~ V••yer•. tee. .nd oo.t ot ~ .
abstsacts of tttle. inturred or paid at any time by said Mortgsgee becanss andloe in t6s event of t6s taiwrs m t6s
part of ths said Mortsagor to duly. prumptAy and fi~? Pe~fo~m. die~~6'a ~te. effect. oomPbt~. ooq~p~? wIth
and abide by each urd every tl~s stipul~ti~ont. ~gre~snts. oooditions ~ oor~a~ats ot s~id prapit~oqr not~. aod
thie mortgage, any or ~ther. and aaid-oosta. ch~r8e~ and esPe~e~. ~D ~nd ev~y. ahall bs irnmedVt~? ~w nd :
P~Y~bls. or iwt there be notice.. dem~nd~ attempt to oollee! oe euit p~ing: and t6s tall ~mcnnt o[ a~eh ~
ud eveq? anc6 p~ymeat shs~7 be~r intarest from t6e date thereof unt~ paid at t6s rate oi ten per oeat~nn per .
~anum: and all ~sid costs. charges and espenses so incurred or p~id, tog~ether with such interest. s6tU be secvred bp
t6e lien of this mortgage. . .
6. 1Lat lal in tbe event of any be~c6 ot tbis mo~tsase a: defanh oa tbs part oi ihs ~atsag~ot. ~ ar lbl ia tbs
• eveat say ot aaid ~ams of money herem ~+eterred W bs not promptky ~nd inlbr p~id witbin tan daqt ~t ~R~e tbs
sams esvenlly beoome due and payabb, wIthont demand or notke. or k) in tl~s eve~at aKL ~nd eve~y the ~tioo~. :
agreeme~?ta c~ditions and oovenants ot e~id P~Y note and tbis mat8~s. an7 . ar eitl~. ars not dt~r. _
pwmpt~+ and tulh? PerEormed~ disebarBed. ~ecuted. eHected. aoa?Pisted. aompKsd wkh and ab~ded by. theo. in ~fJwr :
cr u~y sn~ event, t6s said ~gregate sum meatio~d in s~id p~omiesor~ aote then rs~inioa unp~id. with int~ed ~
acerued, and all moneys eecured herebY. si~U beoome dus and pa~abls tort6wrth. ar t6areaker. at tlis optioo d siid
~Io~tgages. aa fnlly and oompMtely aa ii. aU ot t6e said sams of nomey we:e ariginaIIp stipnl~ted W be p~id an :
snch d~y. anything in aaid txomisso~Y note. aad o~ In this mortga8e co the oontrar~ notwit~standin~ aod i
tbereupon ar the~eatter at ths optioa ot a~id Martg~es, witbont ootioe cr d~m~nd. ank at 4w oc in eqnity. _
tha~+etofoes, or tl~Rer begvn. may be pro~vted as if all moaeys secwed berob7 had m~tnred prior to its `
instiWtioa.
• 7. That in tbs event tbat at t6e beginning of or at any time peoding anY suit apoa t6i~ moetga8e. or to faeecloee
ik or to rafa~m it~ andlor to enfi~rca p~~?ment ot any cWms herennder. eaid Matgaaes+ s6all appiy W t6s oourt
hiving jori~diction t6ereof for ~6e appointment ~ a Reoeiver. wch aoaet ~II fathwith appoint a Reaiver d s~id
mortgaged peopertr di and aing~lu. inch~ding all and siogular t6e caol~ inoome peofits. isn~es and revanuss fmm
wh~tevar souros derived. eacb and every o! whiel~: ~ hdng e~pree~? ~md~rstood is hereby mortasasd as it
' epsci8c~lly sat fath and deecdbed 'w the ~anting and hab~dum cLnses hereot. and sne6 Raoeivar sb~lt havs z
j sil ths broed a~i effective funetions aud_powera in anywiso eairusted by a oonet to a Reoeiver. and such appointmeot
j shall bs m~de by snch oourt as an admitted equity and a matter oE absdule ri~ht to asid Mortgages. ~ad withont
! referooos W t6s adsqu~cy ~ insdeclnai.9 of t6e ralue of t6s property mortgaged or to t6e sotveoeY a~7
~ of said Martgagor andlor ot the aefeadants. ~nd t~t snch renta. ProSts. inooms.'Lsoes ~nd eeveane~ shall bs ~pp~lisd ;
by sneb R.eceiv~ aaordme to t6e kin and/ot equity of said Martga~se and tbe ptuKioe ot soeh oowt. ~
8. It is nnderstood ~nd agreed tbat tLis mortgage is given to secure. in addition to the note ur ob~ti~ation
above de~cribed anr additional lwns ac fnture advances msde wit6~ twe~~ ye~rs trom date hereof by t6e nooetgages
W sdd mortgaaors or any suooe~soc ia tItle of said mortgaga~s ot t6e property hereby oonveyed: provided tbat ths
totai mipaid baLanoe of tbe indebtedneaa seeured hereby ai any time aball e:oeed the muimnm pir~l
af FIFTEEN THOUSAND FIVE HIA'iDRED ~15,500.00~ nou.rs
(i 1. P~ interest tb~~eon and anq disbnrseaaents made by the mortpgec for tLe p~ymsat of t~ea. leviee or ms~anoe
oa the property ~cnmbered bereby. ~vith interest on snch disbnrs~ts. .
IN WITNB83 WHEREOF. t6e said Matgsgor has ezecnted this matgage nnd~t ee~l on the day and ye~r 6e~in ;
" tmst above writt~. • ~ ~
Signed ddi in t6e of: . ~
. . -
' ~1~'J .~~~f`':~, i
~ y 1 n stere u er t
~ c~ , ,
~ _ '~gwu . . •:~a,`~'~ ~
~ ~
`Q; ' f
h~ ' :
srw~ oF iti~itl4~X = : - - . _ :
~ ~ .z~
s~~41.AtCF A+aA ~uy~~~ . _ _ '
COUTI'PY oF ~ . ~ ~
,p~ Roy Sl ayton Regi stered Bui 1 der of _P . 0. Box 85C., : I~ ~~i 11 ~'i
,~1~i
. ~~~w~`~-
.
< _1~~~l~'»?~c»>+~?'~~~rJ ~ ,
. 4 . .
~O IDf ~ ~n01I~ ~lld ~ORD W ID! LO ~ 1b! ~Ili~... dl~Q'j~ ID il~ ~160 !=l~O~ Cb! ~Ql~O~Da aI~NQ~' . r " - •
and ~c~m~w{sdged before me t6et ....he.... ezecuted t6s same far t6s p~po~es t6erein e nMSd. -
WITNE33 my hand and of8cial sed tbis ~ day of V ~ ' S g~ ~
" `.j ~
F
. Notary ' fac 4
R~NALO ClCERCHI, hntary P;;G:it ~ ~ ~
take ~ r,uyahc~;a C~:u~+.~es, Gni; ~
800K ~ PAGE ~ - ~Ir oommisdoo ~ :
~'y CrmR;iss;or: Expir•'s Drc- 15, 19~: {
~ .
- ~z~ . _ . - ,
~
3K