HomeMy WebLinkAbout1600 +:yr+1.•r with dl and singular IM bn•menb, ha•drtaman4 and aPPuna^ces IMrwnto fxlonping a in anywise appertaining 1Mr•to, and •11 term, bsws,
+,.«aeds and polity accw;r+g and to acuw from soil pemra•s, all of whid, included in the above and lupo;rp d•sulptlon and Mberdum.
TO HAVE AND TO HOLD 1M above desuibed and gamed pem;ses uroo tM said MORTGAGEE, Its aucceuon and soigne fa?we?, And rho said
Fr~ciGAGOR fpr 1tS Mtn, aaacuton. •dministraton and assigns, hereby covenants with tM •aid MORTGAGEE, Its sucteason and •sslgna,
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t 1 S bwfully sa;:ed of 1M uid pemiset in 1e• simple: that 1M same •n free, clear and dhcMrped Leon dl Derta aril erscun?
t .~cea :n taw a M putty, and tMt T t will and 1 tS SUCCf3SS0T'S and Min atoll warrant and defend tM 11th to 1M oamo >Q tM old
M~tt1GAGEE. Ib swuuon and •u;prr, forces aptlrut 1M bwful claims and demands of all penorta;
PROVIDED, ALWAYS tMt M IM MORTGAGOR sMll pay unto tM MORTGAGEE tM prom;sao.y note Mr•inb•f«• d•aoibed and oMll truly, promptly
end luhy p•rtoreq, druMrpe. •aeeuN. eompt•q, comply wUh and ab;de by eaehand every tM aipulatlons, agreament?, r:ondhlons and wv•n•nts Of said
p•a~•..ory rtou and of fhb Monpap•, than th4 Mongape and tM Esuta hereby wa»d atoll csaa• and be rwll and void.
IT IS UNOERS100D /tot tM word "Monpapor' wMtMr M tM singular a plural anywMre M this Mongape, atoll be aingular H ono only and
.h•tl be plwal jointly and wvaralFy H cows then one, and tMt the wad "t Mir" •s wad •nywMr• In this Mongsp• atoll be talon to mean "hh," "ton."
a ""in' wMrew? tM cont•tA ao Impl;ea o. admin. Also, tMt wMrever there h • raferenc• in tM covenants and agreements Mreln eontairrd t0 any of
+M panes Mretp, tM same atoll b eorutrved t• rn•an a wall a 1M Min, lepd npresemaGves. sutt•uors and aulgns lelth•r voluntary by eel of tiro
p.niar a involuntary by operation of tM 4w) of tM same and tMt tM covenants Mrein contained atoll bind and 1M ber.afin and edvantag•a htwe
,o +M respMlw heir. kf7•' r•presemathres, wcuaors and •u~pns of tM parties Mrdo.
And Bald Monp?go+ fp tMmwb•a and tit•Ir Mln, Ipd rspr•semativs, succ•saus and uaipns, Mnby jointly and aaverally covenant and spray
eo and with IM veil MORT. -GEE, Its aueusson and soigne:
i. To pay ell soil siryula? tM principal and Interest and 1M variow and sundry ?ume o1 money payable by vlrtw of said promissory note, and this
n,.xrp?g•, oath evil every, pontptly on tfto days tespsttirely tM same severally b«oma dw.
2 To pay ap aril aingula? tM rases, asaesar?r•nts, 1•rieA Ifablllties, obligNroru and encumbrances of every natw• and kind now on said d.sutbed
I.rep•ny, a that Mreaher may M knpoaed, •ufferad, placed, I•vi•d, a assessed thereon, or that Mreafler may b• levied or assessed upon this MortP
.p•. a tM Indabtedn•ss a«vred Mreby, each and ovary, wMn dw and payable, according to 1•w, bfora tMy b«ome d•IlnpwnL and before any Int•r•st
••+scnas a any penalty is Incurred; AND INSOFAR AS ANY THEREOF IS OF RKORD THE SAME SHAH flE PROMPTLY SATISFIED AND DISCT:ARGfD OF
RE:ORD AND THE ORIGlNAI OFFICIAL DOCUMENT (SUCH AS. fOt INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICIALLY ENDORSED
OR CERTIFIED) SHAH sE ?U?CED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN GAYS NEXT AFTER PAYMENT;-and in 1M event tMt any thereof 4 trot
cs:c aT.ed and discharged uid MORTGAGEE may •t any Lm• pay tM lama or any pM thuw) whhout waivirsg or dfacting any option, lien, equity or
h+ under a by virtw of this rrorrgap• and 1Mcyluil amount of each and every sucA payment shell b• immediately dw and payable and shall bear Interest
r~nT the data 1Mreef unto pa;d f1 rate o) 13b per annum and tog•the. with sueA Interest sM1I b secured by fM IlM of this r??orgtage.
1. To plane and cont;rwarsly keep on the b:rildrnga now a hereah•r a;twte or said land and on all equ;pment and personally covered by thin mort¢
.p•. with a0 pem:wrts tFrereon Wid in full fwe irpurart[e in the vswl standard policy fwm, in • sum approved by 1M MORTGAGEE, and w'rrilstorm
iru~rert[e in tM trawl narda?d poligr furq, in • wm approved by tM MORTGAGEE, in such company or mrnpanrp as tfse MORTGAGEE may
d~rett; and all f're and windstorm iruu.arspt policies on any of sa;d bu;ld.ngs, any interest therein or paA thereof, in the aggregate avert aforrwid or
M a¦cesa thereof, slsall contain fire snwl surilard mortgagee clause or such other clause •s tM Mortgagee may require, making the Lou under uid poli•
cist. each and every, payable t0 said MORTGAGEE •s in imerest may appeu, and each and every such policy shalt be pomptly •u.gned and delivered to
any held by said MORTGAGEE a further security to said mortgage debt, aril, riot less than ten (10) days in advance of the errpiratipt of each policy, to de-
l~•er to said MORTGAGEE • renewal thereof, togetMr with • receipt fu the pemium of such renewal; and there atoll be no fire or windstorm inauranq
p'.crd on eery of said buildings, any intcrM there;n a part thereof, unleu in tM form and with tM Lou payable a afuesaid; and in the event arty awn
o? nw.»y becomes payable under eud+ policy a pot;c:es said MORTGAGEE shall Aave tM opt;on to receive and apply the same on •ecoum of the ind•bted-
ne-ss secured Mreby a to. permit said MORTGAGORS to rece;ve and use h a any pan thereof for other purposes, without thereby waiving or impa;r-
r+,p any equity, lien or r'pM order or by vines of this mo.:gage; and in fire went uid MORTGAGORS atoll (a any reason fal to keep the uid pem;ses so
iruurril, a fail to deliver pomptly eery o} said policies of inauranu to s•;d MORTGAGEE, a fait pomptly to pay fully any pem;wn therefor or in arty
ra+pect sail b perforrtt, diad+arge, •:ecvtt, effM, complete, comp{y with and abide by this coverunt, a any pan hereof, said MORTGAGEE may pl•u and
pay for asrdr Inwrarsq a arryr pan thereof without waiving or aHetl;ng any option, lien, equity, or right under or by virtue o1 this Mortgage, and the
tu!; aT.ourN of each aril every auCft paymem atoll be immediately due and payable and shall beer interest from the date thereof until paid •t the rate of
i
~ 13% per anrwm and together with such interest shall be secwed by tM lien of th;s mortgage.
i 4. To permit, mavn8 u suffer rto waste, lmpairmem err deterioration of sail poperty or any pan thereof.
~ S. To pay dl aril ai trier tM cosn, Char nand es
tip g penaes, including • reasonable •norney i ice and costs of abstracts of title, i?icvned or paid at
any t;me by said MORTGAGEE, becwse or in the event of the failwe on the pan of the said MORTGAGOR to duly, promptly and fully perform, discMrge,
rsetvta, eHM, cvmpkte, mrtiply with and abide by each and every the stipulat;oru, agreements, ttxtdit;ons, and mverianta of said prom;uory note and this
~v+pape arty or either, and aa;d costs, charges and eapenxs, each and every, atoll be immed;ately due and payable; whether a not there be notice de
^+snd, anlm~ to coliact or wit perdirsg; and tM fvl! amount of each and every such payment shall boa. imerest from the dare thereof until paid at the
rs.r o! ,,jj~~ per an++vm; and all said mss, charges and eapensea incurred of paid, together with such inrerat, atoll be secured by the lien of this
rort p age.
b. That (a) in the even of any beach of this Mutpage a default on the pan of the MORTGAGOR, a (b) in the evert any of said sums of money
tir•rin rel•rrad to be not pomptly and fully paid within thirty (30) days neat after the acme severally become due and payable, without demand or notice,
v- Ic) M tM even each and every the supulst;onb agreements, cor+~tiorts and covenants of u;d pomitsory note and this mortgage any pr ether are rtol 1
t~!y. promply aril lolly perfumed, d.acharged, earcuted, effected, completed, complied with and abided sly, then in either or any such event tM said aQ
p- yste wm memion•d in said pom;ssory note then remaining unpaid, with imerest •cuued, and all moneys secured hereby, atoll become due and p.y
rb~a fonhwitlt, a thereafter, at tM option of aa;d MORTGAGEE, as fully aril completely •s H .all of -the acid surru of money were a.g;n•Ily stipulated
ro ix paid on such day, artyfhirtp in uid prorrt~saory rsote a in this Mortgage to the contrary notwithsrarding: and /hereupon or thereafter at the option of
s+•d MORTGAGEF, without riotiu a demand, wit •t law or in equity, thrrrfue a tF.ereafier begun, may be prosecwed y if •II moneys secured hereby -
r.sd .-.atwed prgr to na irotnut.on.
7. Titer M tM event that •t the beginn;rig of a at any time periling any wit upon this Mong.ge, a to fueclase h, or to reform h, or to enfuo
r+r^x*tt of any daima M.•urdrr, u;d MOIITGAGFE shall •PPIy to the Court Mving jurnd.ction tix.eo! for the appo,ntment of • Receiver, such Coon atoll
lonhwtth •ppoiM • revi.er d sa;d mutgaped progeny •II and singular, including all and singular the income, polrn, issues and revenues from wMtever
s~~u derived, eacfs and every d wh,clt, H being eepessty underarood, is hereby mortgaged n ii apecifiully art fonA and dew;bed in the granting and
F•+`_.endwn clauses Mreof, aril sudt Reui.er sMlt have all the brad and eNectiv furKt,onf and po.iren in •nywne entrusted by • Court to • Re[e;ver, and
i.:c} appoimmem shall M made by sudi Cewt as an admired equity and • manor of •bsotute right to said MORTGAGEE. and without relereriu to 1M
•.^..~,,acy v Inadequacy o} the value of tM property mortgaged a to the aorvency a insavertcy of said MORTGAGOR or tM defendants, and that audt
rams, profna, inccr*+e, wuM and revenues aisall M applied by audr R«e;rer according to tM Uen p equity of said MORTGAGEE and IM pr•eice of such
C4x+rt_
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0. To duly, promptly aril Fully perform, diacha.pe, earesnc, effect, complete, comply whh and abide by earfi and every tM stipulations„ agreements,
~ crrdniorr aril co.enams M sad promissory nee and this mortgage sat forth ~
~ 9. Tlsat M tM event tM ownership d tM mortgaged penises, or any pan tire.eof, Ixcornes vested in • person other tMn tM MORTGAGOR, 1M
wJ:TGAGEE, hs auctesson aid aupna, may, without sprite /o the MORiGAOR, deal with such suctessw or succnaor in Imereat with reln•nce to this
r-.o~~spe aril tM debt f»reby scarred M tM ume manner •a with Mortgagor without in any way vit.Nirig or discharg;rig 1M Mutgagon' liab:lrry Mir
~•d.- a upon tM debt hereby seasad. No sale of the premises hereby mortgaged and no iwbearante on the pen of tM MORTGAGEE or tts auccesaon
r su;pnr and no estena;on d fir time iw rM Wyman of tM debt M.eby s«v.ed given by tM MORTGAGEE or fts sucuuors or •uigrr, shall operate
ro re,eaae, dradvrpe, modify diang• p •Haa tM aipinat liability Of rile MORTGAGOR Mre;n, citts•r in whole Or In part.
f 10. M la •p«iF;uRy agreed tMt time la of tM esunce of thw cwtrrao and IMt no waiver d any obl,gnion her•urder a of IM obtipation st
c.r.d hereby aMU s+ any Lure thenaher b• held to be • wa:rel Of tM tarns M.eol or Of 1M Lvtru-++em eecu.ed herby,
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X18 PaGE 1595