The URL can be used to link to this page

Home My WebLink About2216 aced s411 Ny all ulcer aaaes pte~Nsd M M g+aN br tkb M~rt~yt? rd 1411 perform, o~y wki aced ailda b eoelt aced at~ary rice M1pttluMaaa aOMM4 ttaadMiaaa Nd eaoaaYa at ~W jee+.it>~tep ttob asd of tbY dt~ad. tkw t?It dMd wd tw atue ~r created stall ewe aced M atll acrd wit AND THB MORTGACO>L dart ~r better aenaaat aced apw w tialiatras I. Te par all aced aNtOtdr eM prhalpal acrd Yttatrtt aced uMr trw d weaaf Nya61s h ~lftaa d aald premfmary eats and, thla meregag0. err eitiar, ptvtaptlr ea rice d.T• cerpeotlydr rice aaraa aatKalb tw.a dtw. dareelbad Tjropert>.~aei wdwery, wlt?4t~tltn roaeff~kd Yt~~~~y?balaw, acrd it~iM a~ a411 •a~ba ~ytlr pa{d. tie Mortgagee mar. u arty tltaa a1tiK istsee K aftK daliaauatq. M ttia ama wltbottt wahly or attoaiy t?a aptlatt q foro~ elan. K wr right barenadsr ad wary paymaat w wads aiaU boar IaeKeat Gem rice daq tiseeot u cis rated 10 pwewt pat aaattsr. Ti #ap tM bnUdi.ga taow K INteaftsr art odd bad aced tbs fi=tacea sad psnaad lbsreia eoaeaLad lasttrad. b s compeer K oempuias approved br tie mortgyas. agaiest k>ta br M cad trlttdrtarm. IK tM kiglwat iaweabla ~alw w that the mortgagees iweereM N sot wbject to eo-irtwraace, and tie palkr K pafiolaa abaU. d• iald br aced be payable M aald mortgages, asd the matgarra siaU 4n the optfea t• rosette aced r~iaid paymaat art aeewu d the ladsbtadasas Mrabr aeteced. K permk the M rsealve K rtes k. K ear part fK any puepssa wkisst tisesbr wahdetg K fm~ pairittg cis equity. lien K t radar aced br •1rtW d tkL m tad »tar place Yd par IK anek Ltwwtea K am put ' thereof without waiving or atfectity tM optbn to [otsdwe or any right Canutder, and each wch paytaent shall bear interest [tom date thereof at the cafe of 10 peraat per atmwn. 4. To Per>•it. eommtt, K aafle rte wales, Impalrmeat, abasdoamsat. K. dsterkeatkrt d said property. K say part tber? of. card epee the 4flure d tie MeetgyK N ksp tM bnildiap sad persoaat propwtr on saW pt+spertr u good owditiat K ce~ pair. tie Mortgagee mar datawd tie immsdbts tYpalr d acid property. K art taecew In eM ataotrat of aeetuitr, K lie tas~ sedbq repayment of the debt hereby ssetred, sad tie failnro of ebe MertgagK b eaaply wits said demand d tie Mertgaga. for • period of IS d.ys. shall ooauketa a brweh d >5i. Mortgage, and at the option of tM Mortgagee, immedLtely munrc the entire amount of principal and ieteeeu hereby sewced. and cis Mortgagee. immediately cad witba?t notice. troy faatknte proceedinp to toreelose thL Mortgage asd apply for the appointment d a Iieeeiver. u hereiaatter provided. S. To perform, comply wki aced ablds by each and every the atipnlatioaa, agroemeon, omditioru. and ooveaaab L acid promiswp note sad deed set forth: 6. To deliver to the Mortgages. ea K belore February 1 of eaei ye.q tax receipts evldsaeiag the payeseat of all bw(nlly imposed taxer upon the mortgaged Property for the prseediag calendar year: to deliver to tbs Mortgagee rseeipta erideaeisg cis payment of ell urns for public imprvremeab with4t Ninety (90) days after tbs same shall beee's dne aced PayabM. cad a par or discharge within Ninety (90) days after dne date, any and all gorentmmtal leria that mar be made ea tie matgagd ProNrty. oa his Mortgage err note K le say ether t*ay ceatrltLrg from the mortgage indabtedaora aeeneed by this Matgaga. 7. To pay aL and singular the costs, charges, and expenses, including lawyer's tea and abstracting tees. rearoaably incnrced or paid at say time by the Alortgsgee, because of the tallure of the Mortgagor to perform, comply with and abide by each and every the stipulations, apeements, conditiotu and oovenaats of said promissory Hots and thb decd, or either, and every such payment shall bear interest from date thereof at the me of 10 perant per annum. Said obtigatlon:haU alto iaclnde costs and attorney tees incurred in any appellate proceedings. - g. Tin U ~y action. er psooeedfog. shall bs aommeaoed by say person other thaw the bolder of this mortgage (e:eept an action is foreeclose this mortgage, or to eolka tie debt scented thereby) to which actloe. or proceeding. the 6dder of thb mortgage !r made a party, or is which it shall become necessary to defend. or uphold, the lies of this mortgage. aU sums paid by the bolder of this mortgage (or the expense d say litigstioa to pnosecnt0. or defead. the rights aed lieu created by this mortgage (including reasooabh3 counsel fee). abap be paid b1 the Mortgagor. together with interest thereon. at the rate o[ 10 percent per annum. and any wch wm. and tbs intereest thereon. slnll bs a elaiea npoa said premises, and shall be deemed to be secured by this mortgage. The sums paid by or incurred by the holder hereof in accordance etch the terms of this puagraph, shall be paid by the Mortgagor unto the holder hereof within thirty (30) days. and the tailnre K aeission of the Mortgagor ao to do shall entitle the Mortgagee to add wch sums to the priaefpal indebtedness of this mortgage and tbs note it serwres. and/or at its option deebro this mortgage end the note k sxaree to be in default, thereupon maturing all of the anpaid indebtedness iaeladieg the sums adtanced hereunder. 9. That no extension of the time or modification of the terms of parmrnt hereinabore, and ra release of any part or pare of the mortgaged premiss, even though made without the consent of the Mortgagor shall release, relieve, or discharge the Mortgagor from the payment of say of the same hereby secured bet in web errnt the Mortgagor shall nererthelea be liabk to pay wch sums according to the terms of wch extension or modifications unlar speci[ically -relessed and discharged fn writing by the Mortgagee; sad furthermore, that acceptance of part payment of say inuallmert o[ principal or interest, or both, or of part performance of say cotenant or delay for any period of time in exercising the option to mature the entire debt, shall nol operate u a waiver of the right to execute such option or act an wch de[anlt. partial aceeptaeee or any anbstquent default. i 10. Until default in the pvtormance of the covenants and agreements o[ this Mortga;e. the Mortgagor aball be entitled to collect the rents, issues, and profits Irom the premises hereinbeforo described. but in cue of a default in any of the terms o[ this Mortgage, or the filing of a bill to foreclose thin or any oche mortgage encumbering the within- described property. the ` Mortgagee shall immediately and without notice be entitled, as a matte of right. and without regard to the value of the premises, 's or solteacy or insolaeacy of the parties. to the appointment of a Receirv of the mortgaged property, lath real and personal, and of the rents, issues and profits thereof, with'•the uwal poorer of Receivers in such cases, and wch Reeeirer may be continued ? in posxrion of the said property until the time of the ale thereof, under such foreclowrc. and until the confirmation of wch ? ak by Pre Court. 11. II foreclosure proceedings should he instituted on any mortgage interior to this mortgage or it any foreclowrc pro- ceedinR is institute3 on any lien of any kind, the mortgagee may at its option immediately or thereafter declare this mortgage E and the indebtedness xcurcd hereby, due and payable. It there is any mortgage wperior to this mortgage, then failure to pay wid mortgage when due and in accordance with its terms or failure to abide by the terms of aid mortgage shall be deemed a breech of this mortgage and the mortgagee at its option may immediately or thereafter declare this mortgage and the indebtedness ~ hereby secured due and payable. Any modification of my mortgage superior to this mortgage or waiter of any principal or interest payments on any note or mortgage superior to this mortgage shall be deemed a breach of the terms and covenants of this mortgage and the mortgagee hereof may at its option declare this mortgage and the indebtedness secnrcd hereby due and payable. t 12. That the mailing of a written notice o[ demand, addressed to the owner of record of the mortgaged premises, directed to the aid ownv u the last address aetwlly furnished to the 1ltortgsgee, or directed to the aid owner at said mortgaged prc- F miser. and mailed by the United Scats mails, shall be wfticient notice and demsnd in any case arising undo the Insttnment end required bl the provisions hereof or by Int. s 13. That is the crept the Mortgagor should auign the renU of the mortgaged premiss of any part thveof without the • consent of the Mortgagee, then the entire prinelpal wen secured hereby shall. at the optbn of tbs Mortgagee, become immediate- ly due and payable. i 14. To the extent of the indebtedseas of the Mortgagor to the Mortgagee described herein or secured hereby, the Mortgagee is hereby wbrogated to the lien or licw and to the righu of the ownen and holders therwf of eseh sad every mortgage. lien or other encumbrance oa the land described herein which i. paid and/or atisfied, in whole or in part. opt of the proceeds oI the lose daeribed herein or scented hereby. and the respective lieaa d said mortgage. lieoa or other eacumbrartoes, shall be sad the same sad each of them hereby r prescrred and shall pass to and be held bJ the Mortgagee 6ereia v ssentiq for the iedebtedaess to the Mortgagee herein described or hereby secured, to the arse extent that it would hate been praerred and would here been passed to and beat bald Lf the Mortpgee had it been duly end regularly assigned. transferred, set over and delivered unto the Mortgagee M - separate deed of auignment notwithstanding the tact that the ame may be atisfied and cancelled of record, it being the intention { of the parties hereto that the ame will be satisfied and eaaeelled of record by the holders thneof at or about the time of the recording of chi. Mortgage. 1 ~ - A