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RECflYED f~~•_~_ M PAYIIEIR OF TAXFS
DUE ON CLASS •C' 19TT':,'9LE °ER54NAL PRfipERTY~
FUGSi:JkI1T TO :H.SP?~; 7i-'•~{. JICiS OF 1a71.
Aleo &,eo~m for strsst ra~bering purpossi aa Ru6:A PWiRAE 7y~'
r Cl~ ~RC{pT C~iti. ST. liic~
1023 Me~r~inqwe Avs~ Pisras~ la 33450 ~
~,:_rthcr w~th all bu~lding. and ~mpruvemcnts n.?w ur henaftrr ercrtrd Ihenon and all scrrens, shadrs, storm sash and blinds, and heatinE. liahting. plumbinE.
~ _a.. rkctrir. venUlaung. rcfng~ratin~ +nd ~~r-~umlrtwnin~: eyu~pmrnt used in ronnertion thercwith. all of which, for the purpose of this mortga6e, shall be
;ir.nnd ti~lures arni ~ub~ect tu Ihr lien hrrrof, and thr h~rcditamrnl. and -rppurtananres pertaining [o the ptoperty above described, al! of which is rcferrtd to
h~ rc ma(tcr a~ thr "prcmi.r; -
I(1 H•~Vt. Atip i0 NULD .:+kl IanJ ~r?~i prem?ses. Mi1h aU thr rqthh. pnvik~ers rmi appurtenancr~ thrrew belongirqt, unto mortgagee and his heirs, executors.
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, ~d~unistnwrs. wc~YSwn and ai+igm. forcver.
~ ~f~~rtgagor alw aw~n~ tu ~furt~agre all rcntc. iswrs and profits of said prem~srs. teaninE the ti6ht to collect and use the same, with or wilhout takinE
~ ,,,.K ~sion uf the premisrs. JurinE rontinu~n~i of drfault hrrcurxier, and durinF cuntenuanor of wch default authorizir~ Mottga6et to entu upon said premim
E ~nd'ur collert arnl rnfor~-~ thr ~am~ rithout rrgud to aJrywry of any security for the indebtedness hercby securcd by aAy lawful means includina -
~ ~ppuintment of a-ece~ver in the name o( any puty hrreto, and to apply the same less ~-osts and etpenses of opention and coltection, including reast?nabk
~ ~it~~rney's fee~. upon ~n~ indrbtcdnes~ ~rcutrd hrnby, in such order as Mortgagee may determine.
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~ i c~R THE PURPOSE Of SECURING: (l) Performance of each agament of Mort6aaor conuined herein: (2) Payment of the principal wm of
~ S v?7th interest, u provided in accordanoe with the terms and provisions of a PromissorY Note/Loan Agament (hereinafter referred to u
? ° Promissory Note") datcd , maturity date and payabk to MortgaEee, to which Promissory Note
~ 4 to Mor or exoe t that the m~ax~~imum
f r: tcrence is hereby made; (31 he paym nt of any additional su s t r st ereon that may be knt by Mortgagee ~BaE P
~ pnn~ipal amount secured by the Mort~ge shaU not exceed S- ~ O The payment of any money that may be adranced by the Mort ee to
~fortgagor for any rcason or to third partrs when the amounts arc advanced to protect the aecunty or in accordance with the covznants of this Mortgater.
~ ,~11 payments made by Mortp6or on the obliption ~ecured by this Mort~e shall be applied in the follow~ing order:
~ FIRST: To the payment of taaes and asses,unents that may be kvted and usessed asainst said prcmises, inwnnce prcmiums, repairs, and all other charges
~ snd ~xpenses a6rced to be paid by the Mort~or-
= SF.COVD: To the paYment oi tnterest due on ssid loan.
c TNIRD: To the payment of principal.
F fO PROTt.(T TNt SN.CURITY HFRfOf. MORTGAGOR ('OVl:tiANTS AND AGFZf-.1.S: 11)To krrp ~aH1 prrim.c. mwrcJ aEr~n,t lirr ~nJ .u:h uthrr
~.,,urltK~ a~ ihe'.~lortg~gee may specify, up to the full value uf aU improvrmrnts (or the prutectiun of ~lurtgagr~ m w.h manner. ~n wch rmuunh. anJ ~n .u.h
..~mpanks u Mort~tee may hom time to time apptore, and to ketp the polic~rs therefor, properly crniorsrd, un drEwsit uith ~lortgag~r. and Ih:~t lo•.
' pnxecds Ikss expenses of wlkctan) shall, at Mort~tagee's option, be aQplied on sad indebtrdnrss, whrthr~ due or nut or to the rr.toratiun uf v1d
' improvrmenis. In eaent of bss Mortgagot will ~ve immedute noticr by mail to the Mortga~ee who may m~kr proof of lo~. it no1 madr promptly by
~ ~t~~rtga~or, and :ach inwtanar company concrrned is hereby authorized and d~rected to makr payment for such lo.. dirrrUp 1~~ 1lortg+~err m.trad u(
r ~1urt~agur. 121 To pay aU tares uwi special assessments of any kind that have bern ~r may be kvird or a~se~xYi upon ,aMi prrm~~s. or any patt thrrrof 1 il ln
~h< rvent of default by Mortgagot under Puagnph~ I ot 2 aborc, Mortgagee, at ~ts uptwn Iwhether rlecting to declare thr whok iadrbtrdnres tr.urcd hrrcM
iur and culleci~bk or notl, may la) effecl the ~nwtan~~e abore provided for and pay the reawnable prem~um. arxl rhaqte~ lhrrcfor. Ibl pa~ all wW ta~e. ~nd
„u•~cnxnts w~thout dcterm~n~ng the valiJity~ [hereot. and (cl Qa)' wch lirm rn~! all +uch dieburccmrnts ~haU br Jz~mrd a Qart of the indehtrdnec~ .~currd b}
t~i, Mort~ugr and ,hall be immed~ately duc and payabie by Mortgagor to ~1ur~grgrr. 141 To kerp the bu~Wing. and uthrr ~mprovrm~nt. nuw or hrrralter
r.ctcd ~n g~n1 condiuon u?d repair. nw to comm~t or wffer any w~aste or rny u.r of wid prrm~.r. contran to rcctrirhon ~~r rc:urd or .untrrn~ to I~w.. .
~ -Jinancee or rcgulatiom of pruper publ~c authorit~, and to permit ~tortgager tu rntrr at all rraamablr t~m~+ for Ihr pur~x+.r uf imExrtmE thr premi,r+. nut
~ rcrrK~re or demuL~h ~ny buildin~ thereon: ro.umplrte within Onr HunJtrd F~ghty 118111 Ua~•. or rc.turr prompt{~ and in ~~co~Ni .+nd wurkmanhlr m~nnrr
a . build~nF Mhi.A may~ br .unstru.ted, d~m~ged ot destroyed thereon anJ 1o pay, whrn dur. ~II ~la~m. lor IrM~r ~rformrJ and matrrul fum~eh~d thrrefot.
~ That the ume o( paymrnt of the mdrbtcdne» hcrcby +rcured, ur of an~ part?un Ihrrcof, m~p tx ~~~tindrd or renr.~ed rnd an~ purt~um of Ihr prrmi.r.
m dexnbrd may. wjthuut notirr, be rckaxd itom thr I~eA hercoL witM~ut rclr~.~ng ur rffe:t~ng thr pe:+unal Lrhili~) ut m} pct.an or :urporrtwn fut tha
~ rr~ent uf ~a~d irxlrblydncu or thr licn of thn inslrumrnt upun thr rcma~ndrr of .a~d prrmi~. for thr full ~muunl .~f uiJ mdthtrdnr.+ thrn rrm~~mnE
~ ,aid. +nd nu chanEc in tFn vwnctsiup of sa~d Dremisr' shall mka.r. rcdurr or uthcrw~~r r(fc.~ any +urh prr.unal h~bil~q ~m Ihr hrn hrtah} .tratrd. Ihl
~ '.et he i~ K~~~d of tht pre~ •.r~ tn frc ~impk and hac giwd .IfIII IJN~UI ngM to :onvey Iha +.+mr: and that h. J~k. hrrch~ turc~rt wrrrrnt rnJ ~~U futrvcr
` _lend ihe t~tlr rnJ pu+~ess~~ ~:Kreof s~ta~nst thr t~wf~l cla~m, uf an~ and all ~xnunc what..x~~rr.
Of-047d (REV. t/7/1 ~
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