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Home My WebLink About0748 M!C 1h~ soid Mort~o~ I~ebr oovennMs a~d aprees wiM the said Mortqa9e~ os follows: fNtST: Thot th~ Mortpo9a is Iaw~uNy se+s~d of IA~ obov~ dssuibvd pr~mises in fee simple ond hos ~d ri9ht to sell and coiw~r IIN sow~ b 11~ 1~AoA9o~tt Mwt M~ soid Pr~aiis~s ot~ fr~~ and dischar~ed of ood fran aU taxes, tax titles or ce~tiAcotes, jud~eMt„ n~edw~it's ~ p~d a~ono~s of pry nohx~ o? kind whotswver ond thot fM Mort~apor will fullr war~ant and d~fend 1h~ sa~ b ti~ Mortpo~ o~i~t IM lowfi~l dams and denw~ds of all psnons whomsosve?, and will moks such furthe~ cswranas b pKf~d f~ siwpl~ 1iM~ b soid lond, in IM Mortoope~, as moy reosawble be required, ond will por 1he several su~t of ~p~y a~~d in M~ soid ~aN b b~ poid and oll N+stollmenK of priecipal aod inte~est thereon prompNy when dus, and aaordirq b N~ tru~ and ~1hd of th~ soid +wM. SECOPID: Thot 11~ Mo~t~o~ w7 poy oM ond sinpular Ihe faxes, auessments, levies, cnd encumbrances of every noture on 1he obov~ d~sor~ad p~opertr, oed apon N~is a~ortpo~e and nofe, or the nwney secured therebr, before detinquency th~reof oed hos;pls rridMCin~ po~~f of said to~ees. oss~ssaMnts„ kvies and erkumbrances sholl be deposited wi~h the Mortqa~ee on or befon Mo~ lst of each woasdinp ~?ew durinp 1he tsn~ of Ihis nartqayes and if same be not prompNy paid whe~ due, the INoA9o~ ~oy (w;tbwif obi~otion b do so1 poy the soaAe, or become purdwser of a~r lawful evidence thereof, or certiAcate N~rei~. wiMwut woivin~ or olirclino any ri~M her~su~wle? and in Ihis nart~aye. or the said note which this nwrtpa~e secures: ond wd~ po~ra~ads or ~p~ndi~wss so ~od~ slwN beor interest fran the dote thereof at Me rote of di~ft)pN(Xifritdifl~~K~i)fdtri!( the maxi ~ al l aMed by 1 a~+. 1NMtD: Thot 1h~ Mortpo~o? wil k~ep ar real ond persawl Property now or hereafter encumbe~ed br the lien of Nws nwrtqo~e inwr~sd os ~w~? be raquired fro~ li~e b tNee br 1he MortQo~ee ayainst bss by flre, windstonn and other hozards, - co~wpies and aonlinparci~s for s~ periods ond for ~wt leu Man wth amounh os mar be required by the Mort~opee end to pay proaiptly wl»n dvs ar prrwiwws 10? s~rdi i~onoe. The a~b of wch i~v~ance required by the Mort~a~ee o~e expreuive of o~lp the niininww owou~rs {or w1i~tl~ said i~uronoe shoU be written and it sholl be incvmbent upon the Mortge~ to mointain wch odditio~wl i~nonoe as woy be ~swry b seet md aomplr fullp with all co-inwronce requirements contained in said polities ro !be end Nwt said Mort~a~ is ~ o oo-insuro? thereuneler. Insuronce shall be wriften br a oompanr or compenies approved by the Mwt~apes md aN poiti~s and nnewols ~aof shoq be held by the Mort~a9ee. All detailed designotions by _the Mortgagor wlNtl~ are oaepMd by Ihe Mort9o~ and aM o~raen~ents between Mortqa~or and Mort~aqee reloti~g to i~uranc+e. now existin~ - or hereofhr ~wde. shar b~ in wriina and shoM be a part of Mis mortgaqe apreement os fvllr as thou9h set forth verbatim herein ond shoM qavem boih portiu hereb and theK suooesson ond oui~ns. No lien upon anr of said policies of inwrance o~ upon anr refund or ~e1um prewmw~ w1i~ ~vp b~ poYoble on Me coecellation or termination the~eof, shall be give~ to other than the Mort- yayee, ezoept by proper ando~sewed olfxed b wd~ pdicy and approved by Mortqagee. Each policp of i~uurence shall have ofF'ixed N~ereb a Slaadord Mortqo~ee Cbuse aaeptable to the Mortgagee, making all bss or bsses under wcfi policy Poyable to 1he Mortya~ee os ils i~ ~w~? oppew. In the eva~t ae~r wm or wms of money become payable the~~w?der the Mo?tgagee shoY have the oplion b reoeive and applY ihe wa~e on aaoour~t of the indebtedneu hereby secvred, or ro permit the Mortgaqor ro recei~re ond use ;t, or a~ry pwf Miereof, witlwuf thereby woivin~ or impairin~ any equit~r, lien or right under and by virtue of this nwrtpu~, b ~vent af loss or physiool da~o~s b ihe nwrt~a~ed Propert~r the Mort~e~or shall give immediate notice thereof by na~ b Nie Mortpa~ae and d~e Mo~o~ee ~or uwke proof of foss if 1he same is not made prompNy by the Mortgagor. In event of foneciosu~~e of this ~~e or oM~er tnonsfer of title b the nart~a~ed property in extinguishment of the indebtedness secured herobr. aN tiNe ond inle~st of the Mort~ogor in ond b any inw?once policies then io force shall pou ro the purchoser or gronfee. Upon ahr defwk thereof. the /iAort~ee awy (but without obliqation on its part so to do) Place i~uuronce on wch buildinps and p~ry 1he pre~~w ond dw~e wch wss so paid to the Mortqa~or and wd~ wms of ma~ey so paid shall bear interest ~+tK a~a of ar ot the maximun allowed by law. fOIJRTl~ Thot o~ wius of sa~er paid or oovsed !o be paid by fhe Mortgogee under the terms of fhis nartgage and herein i ~ P~'~~ ~~~f? expe~es Mouned by the Mortgogee in collection of the sum secured br fhis mortgage, shoN be covered by 1he fia~ of 1tis ~wrt~a9e, the same os the su+ns of money represented by the note which this mortgage secures. ~ flFTl~ To perw~, aow~is or wNe~ no woste, impoirme~ o? deterioretion of said.property, or any port thereof, a~d upon the fa~e of M~e M~afpo~or b keep 1he bu~d'rqs on said Propem?-in good aondition of repoir, the Mortgagee may demand the i inrnediate r~epoir af soid b~idrps, or on in~reose in ihe anaunt of security, or the immediate repayment of the debt hereby ~ seaxed, ond the faiw~e of Ihe Mort~a~or b oow~pl~? with said demand of the Mortgagee for a perad of RReen (15) days shall oa~sti~tub o bread~ of th's ~wrt~o~e, and. af Ihe option of the Mongogee, immed~ately mature the entire unpaid principal and i~erest herebr seoured. ond fhe IlAort~oQee iwp, without notice. institute proceedings to fweclose this mortgage, a~d oPPlp for fhe appoinh~at a# a raceirer, os hereiwftef pravided. $IXT~ 11wt 1he Mort~o~or herebr prow~ises, ooverwnts and agrees to par the sums of money and interest as mentioned in soid pno~ory noie, to~e~~ vri~ ary ond or olher sums justly due ond owerp the Mortyagee br the terms therein, and secured to be poid os sfoled N~e?ein proopNr when due. If defovM shal: be made in the paymer~t of the said sums of money or any paA thereof as pro~rided in the soid note a? Mis a~o~t~o~e, or if the interest thot mor becane due thereon or ony part thereof shall be in defouM and unpoid fot a spooe of fif~ (1S) dops, or slwuld the Mo?tgago? breach or fail to wmply with ony other covenant or o~raew~ent on 11K poA of 1he Mort~o~ b be oomplied with (in those coses in which the option of the Mortgogee of ouelero- tion a not olherwise e:p~rs~l~? p~o+rided hereiea ad wch breach or non-compliance continue in existence for a space of fifieen (15) ~ daps„ tMn ond frvw lhenoeiorllti at Ihe option of 1he Mort~agee and without notice to the Mort~agor, the whole of said principal ~ ~ e~cpressad in soid nofe, fo~ell~ wilh d oM~er sums therein as well as herein provided for, shell become immediately due and ~ parable. wi1lw~f nolioe b M~e said Mort~o~. _ ~ i $EVENTI~ Thot in eose ~ sl~ould beowee necessary to place this nartgage and the note secured hercby or either of them, ~ in the honds of on aflomer for aoYedioq, ~e said Mort~o~or tovenanfs end aqrees wifh fhe Mortgagee to pay all costs, charges ~ and expenses of wd~ aoreclioq, indudinp reosorwble ottorner's fees whether aollected by forecbsure or olherwise. 9GFIT~ Thot, in the e+red onr wiR is br~ouqM upon fhis mortgape, whether Io foreclose it, to reform it, or othe?wise, ~ ond/or b a~oroe po~ent of on~? doi~ hetaunder, the Mortya~ee may apply fo any oou?t hoviny jurisdittion thereof for the oppoirrmeef of o raaiva~ of soid ~ortpaqed pnopertp, as weH as the income, profits, iuues and reverwes thereof, ond the wid ~ i , i 1 1 s c ".t •-Z~ ~~y ~ fIAEANCOIN2 airV1~~~S