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Home My WebLink About0984 ~ ~ ; cfB . , AND ~h~ soid Mort~a9o? Mr~by cov~nan~~ ond c9r~~s wi~h M~ iaid MortQaQ~e cs tolbws: i . . { NRST: Thot tM Mort9a9a is lowfully s~i=td of fh~ obov~ d~scrib~d p~~mis~s i~ f~~ simpl~ ond hos qood riof?t ro s~ll ond conv~r 1M same ~o ~M Mat~o9Nt N~at M+~ soid p?~mis~s or~ f~t~ and discharQ~d of ond from oll tax~:, tax titl~s or c~rtifkotes, ~ judpn~t~ts, m~chonit i li~~s ond ~ncumbrontes of onr natur~ or kirid whotsoev~r and thof th~ Mwt9apo? will fvlly worront ond. d~f~nd IM son~ M M~ Monpc9~t, aqoimt Ih~ Icwful cloin?s aed demonds of all p~rsons whwnsoev~r, a~+d will make wd+ furth~~ : osswonas 1o p~~f~d fe~ simpl~ titl~ to soid lond, in fhe Moct9op~~, os mor reoso~wble b• ?eqvir~d, and will pay th~ several su~ns of nansr oQ~~ed in the said nob ro be poid and all instollments of p~incipo) ond i~te•est thereon p?omptly when dua, a~d { otoordin~ to Ih~ fn~e t~nw and ~A~ct of fh~ iaid not~. ~ SECONO: That fhe Mo~tQo~w will poy o{I and sinyular the toxes. ossesunents, levies, ond encumbro++ces Qf everr noture on ~h~ obov~ d~scrib~d p~op~rtp, ond upa~ ~his mo~tqo~• ond not~, or the nwner secured thereby. befo~e delinquencr Mereof e a~?d receiph evide~+cin~ paym~nt of soid toxe:, assessn?~nb, levies ond encvmbronces shall be deposited wi~h Me Mortgoqee on or ~ b~fore Mo~cA lst of eoth iucceedir?~ yeor durinq the t~rn~ of this nanqayes ond if some be not promptly poid when due, 1he M~t9a~ee moY (~"~tha+t obli~ation to do soI poy the seme, w become purchase~ of ony lowful evidence thereof, or ce?tificote : Merefor, wilhout woivinQ or affectinq aey ripht hereunder a~d in this mo?t9a~e, o~ the said note which this mortgoge secu?es; and such payn~nts or expenditures so made sholl bear interost fran Me dote fhereof at the rote of P; y~l~ & 3 f 4 ( S_ 75$) t per onnun+. - ~ THIRD: Tha1 Me Mort9a9or will keep all real ond pa?so+~ol prope?t~r now or hereefter encumbered br the ~ lien of this mo~t~cye i~ured as moy be required itan tinie to lime by the Mortga9ee ogoirot bss by fire, windsto?m and other hasards, cowalties ond cw~tinyencies for wcb periods and fo? ~ot leis than such omounh as mor be requi?ed by the Mortgo~ee ond to poy promptly whe~ due all premiums fo? such inwrance. The omounb of wch insure~xe required by the MoAyogee ore exp~essive of onl~r the minimwn omowits for which said inwrance shall be written and it shall be incvmbent upon the Mortgogor to nwintoin sud~ odditiawl inwrance as nwr be necessory fo meet ond comply fuliy wifh all co-insurance requiremenh contoined in said policies ro the end Mwt snid Mort~ago? is not a co-insuro? fherevnder. b+wronce shall be wriften by o componr or canpanies app~oved by the Mo~tga9ee ood oll polici~s ond re~ewak thereof sholl be held br tM Mortqoqee. All detailed desi~nations by Il~e Mortgago~ which are aaepted by 1he Mort~aqee and all aqreements beMreen Mortgaqw end MortQayee ~elotiny to insurance, now existing or hereaher nwde. sholl be-i~writinq ond shall be o poH of this mort~age a~reement as fully os fhough set forlh verbatim herein and shall Qove~n both parties hereto cnd lheir waeison and ossiqns. No lien upon any of said policies of inwrance or upon ony refund or retum pren+ium whith may .be poyable ar Ihe tancellation or terminotion thereof, shall be given_ to other fhan the Mort- gaqee, excepf br Propet endorsement. affixed to wcl~ polity ond opproved br Mo?t~agee. Eatb policy of. inwrance shall have ofFixed thereto a Standord Mortpapee Clavse aaeptabl~ fo the Morf~a~ee, making oll loss or losses under wch poliry payoble to the Mort~a~ee as ih interest nwr appear. In the event any wm or wms of money betome parable thereunder the Mo~t9ayee shall hove Ihs option to receive ond apply the same on aa~ount of the indebtedness hereby secured, or ro permit the Mortyoyo~ to receive and use it, or ony part Ihereof, wiM~ouf lhereby waivwp or impairing ony equitp, liee or ?i~ht under_ and by virhie of this nwrt~a~e. In everd of loss or phrsicol danwqe ro the mwt~aqed propertp the Mort9aqor shall qive immediote notice thereof br mail to tke Mortpa~ee ond the Mort~aqee nwr nwke proof of lou if the some is nof made prompNy by the Mort~agor. In event of foretloswe of lhis nart~a~e or other transfer of title to the n~ortqa9ed property in extinguisbment of the indebtedness setwed hereby, all ri9ht, NNe ond interest of Ihe Mafga~or in and to ony inwronce policies M~en in force shall pau ro the purchaser or grantee. Upon ony defouk thtreof, Me MortpoQee may (but without obli9ation on its part so to do) ploce insurance on wcfi buildinps ond poy ihe premwm ond thorge wch wms so poid fo fhe Mort9a~or and wch sums of money so paid sholl beor interest from the date of poyment at the rote of e1.Qht & 3/4 (8. 75$) per onrwm. FOURTH: Thot all wms of ma~ey poid ot taused to be paid bjr the Mortgagee under the ~erms of this mo?tgage ond herein ~ p Ip provided for, and indudirp onr expeines inturred by fhe Mortgagee in collection of the sum setured by this mortgaqe, I~ s etifital i sholt be covered br the lien of this nwrt~aqe, the same as the swns oi nwney represented by the note which this mortgage secures. I FfTH: To permit, tomrnit or wlrter rw woste, impairment or deterioration of said property, or any port thereof, ond upon ~ the failure of the Mort~e~ to keep the bvildi~ps on said property in 9ood condition of repair, tht Mortgugee may demond the ~ immediate repair ~f wid buildie~ys, or on irxrease in the amamt of securit~?, or the immediate repoyment of the debt hereby p setured, and the failure of 1he Mortqa9or to tanpl~r wilh said demo~d of the Mo?tgo~ee for o period of Rfteen (15) days sholl ~ cautitute a breach of this nwrtgaQe, and, ot the option of the Mortga~ee, immedia?elr mature the entire unpaid printipal ond interesf herebr secured, and the Mo?tyagee may, without notice, insfitute proceedings to forccbse this mortgage, ond opplr for tfie oppointment of a receiver, os hereinafter provided. SIXTH: Thof the Mort~a~or herebr promises, covenanh and a9rees to por the wms of money ond interest as me~tioned in said promissory note, togelhe~ with onr end ol) other wms jusNy dve and owing the Mo?tyagee by the terms therein, and secured to be paid os stated therein prompNr when dve. If defovlt sha{: be made in ihe payment of the said sums of money or any part thereof os provided in the said note or fhis mortga~e, or if the inte~est that nwy becane due thereon or any part thereof shatl be in defauk ond unpaid for a space of fifteen (15) days, or should the Mortgago? breoch or feil fo tomply with any other tovenant - or a~~eemcm on the part of the Mortpayor to be complied with (in those cuses in wl~ich-the option of the Mortgogee of accelera- tion is not otherwise expresstp provided herein) ond such breoth or rwn-complionce continue in existence for o space of fifteen (15) ~ doys, M~en and from thencefort~i, ot the opfio~ of the Mo~tga9ee and without notice to N~e Mortgagor, the whole of said principol _ ~ sum expressed in said note, topether with all other sums therein os well os herein provided for, shatl become immed~ately due and ~ Payabk. without notice to Me soid Mort~a~or. _ . - ~ SEVENTH: That in cose it should become netessary to place this mortgaye and fhe note secured hereby or either of them, 6 ~ in ~he honds of on attorr?er for collection, the said Mo?tqaQor corenanh and ogrees with the Mortgagee to pay oll costs. chorges and exper~ses of such colledion, indu~irp reosonable attomer's fees whether colletted by forecbsure or o?herwise. . EIGHTH: That, in the event anr wit is brou~ht upon this nart~aye, whether to forecbse ~t, to reform it,. or othe?wise, . ~ ond%or to enforce parment of any daim hereunder, fhe Mort9o~ee may apply to ony cavrt hoviny jurisdittion thereoF for the appoinhnent of o receiver of said naRpa~ed property, os well as the income, profits, issues and revenues Mereof, and the said ~ ~ ~ ~R ~ :ooKza? 9e~ ~ _ . ~ : _ ..~:w . _ . - . _ ~ _