HomeMy WebLinkAbout0420 ~y agreement of Mortgagor and Mortgagee on file with Mortgagee, the within mortgage secures
?)ot only an existing indebtedness, but also ADVANCES to be HEREAFTER made by Mortgagee to
'~!Urtgagor the aggregate of which will equal the principal amount specified in the promissory
note secured hereby.
rrryr with •11 •rd s:npt+kr tM gnam•nts. Mudrtam•nn •rd •ppurtances thartumo belorrprnp or in anywise app•rNminp Ih•r•t0, end •11 ten». luw?,
•eda end prohn •ccru,rtp •rrd to •cuw /corn said pr•mrs•s. •II of which are tntludad in the shore end Ia•pornp dasvlptlon •rtd Mb•rvdutt?.
10 HAVE AND TO MOLD tM above dasuib•d end pramad p.emb•s uroo tM said MORTGAGEE. U• wccaason •rd •ssprr lore+•r, Aed tM wld
ctGAGOR f« their h.irs, •a•cvton. •dminisuaton end asupns. M•abr corenrnh with 1M seed MORTGAGEE, h• succassort •ttd •airprtt,
_ th=-~~ k.v/uby w+t•d of IM •a:d p••+n:.•• in 1•• simple: Ih•t tM •un• •r• h••, clear ••d d.uhup•d Iran •11 (i•ry end •ncun?
•~•c es ,n bw « M pally, •rd tha! the'U--- wlll end ------~helL-_. M:r• •A•11 wurrm end d•1•nd tl» Ntl• to tM a•rw• 1Q tM •ald
tGAGEI. h• succ•sson •rtA wtprts. f«•+•r apalnat 1M Irrvful darns end drmrnda o1 •1! T.rnwrs;
F'RONIOED, AlWAY1 tMt N tM MOt1GAGOR shall p.y un?o tM MORTGAGEI tM prom~atwy note Mr•inlraf«• dawib•d end tMll truly, promptly
t„Iry p•r/«en, drscMrp•. •stxut•, eompt•+~. comply with end •b.de by each and •+•ry 1M at,pulat:oru, apr••manh, eorditioru and tw•nanb of wd
•,•~..«y erot• and el this Mttnp•pt, tTvn thla Mortpap• end 1M Euat• har•by eraN•d shall eaas• end b• null •rd tepid.
17 IS UND[RS1000 tMt tM word "Mortpspor" wMtM? In tM ainpukr « plwal anywMra In thh M«tpap•, atoll b• air?pular H one only and
.s~ b• plwal p,ntly •rd wrardiy M rows than o^•. end tMt IM wad 'lEyir" as used •nywi.rr• in thrs Mwtpap• shall ba ta7<•n to mean rrhlt,` '•Irarb`
'"na'• wMratnr /M contest Mtrpli•s « admin. Also, tMl wMravr theta h • ralarenc• in 1M cor•mm~ end apr•rmann 1••raln oonnirr•d to any Oi
t.rnr•a Mr•ro. /M wrM ahtll b t:tpr»trsr•d to moan well •s tM Min. kpd r•pes•matitr•s auR•uttn end anlprts l•hhN voluntary by •tt d tEt•
,•a. « inrrolunury bT operNrOn t•1 tM bw) of tM same •rd tMt tM co+anaros Main contr:n•d •MII bind end tM b•rvhn end •d+an4p•a Insrr•
mr raap•dtw Min. Isgd ?•p•a•m•thr•a, avcuastxs and autpns of tM partr•s Mr•to.
And srW Monpapon. /oe tMntwlvs •rd tMtt Mint. Ip•1 r•pr•aant•ti+•s. successors and aas:pns. hat•by jointly and wr•r•Ily co+•rtant end •pr••
.mod with tM aid MOtiGAGEE Its aucsasson and usrpna:
1. to p.y all end sirtpu4r tM prirt[Ip•1 end Int•rast end tM var.ous end sundry awns o1 money payable by view of said pom:ss«y note, •rd Mb
.•.popr. each and •+My, p.arnytly on the days t•spactivly tM same savrally become due.
2. To p.y •li end ?inpvla tf» taaaN. •sa•eam•nts, 1•ri•~ liabllit.•s. obi patrons end •ncumbanc•s o} every natw• end kind now on said d.wTb.d
Dies rty, « that MrasMr tnsy M Ynpoad. wHa•d, ptecad. Iwi•d. « awu•d tMrwn. « M» Mnahta may b Iwi•d « es?eaaad upon th4 Mortp•
• w tM Iridebtednest setw•d iyrabY. •ac/t end every, wMn dw end parable, •ccordinp to Irw, b•1«• they bacons drlrrtpwnt, end before any Interest
•~•.rs « ens penalty a Incwr•d: AND INSOFAt AS ANY TNfREOf IS Of RECORp 1ME SAME SHAH ftlE ~ROMPTIY SAlISF1E0 ANO DISCHARGED Of
;7t:D ANp THE ORIGttiAl OFfIC1Al DOCUMENT fSUCH AS. FOR I?JSIANCI. 1HE lAlc RECEIpI Ot TH[ SAttStACiION ?MER OFfIC1AllY ENDORSED
• CE~i1F1EDJ SHAH !E ?LACEO IN THE HANDS Ot SAtD MORTGAGEE WITHIN lEN DAYS NEXT AFTER iAYMENT; end in less .vent that any ther•Of Is not
.•+sGed end d•scMrpetO sad MORTGAGEE may et any t.ma pay 1M arme « any prat IM•eo! without wa:rrnp or •1lecunp any opt,on, lien, •Qulry «
~^drr « by tr.nw of this rr,onprp• end ~ly I~i an.ount of each end •.ary wch pryr+,am shell b• ir.,rnrd.rtalt due end payable end rMlt base In.•r••*
tr.• drt• tM•rot uM:: pa.d a rata of 4 p•• •nnYT end top•rM• w:M rvch .nra•..• rhall Er rrc...•d by tM lien o/ th r rno•ptrp•.
io place end mnt:rwrotraly Jeep •n the buiidrnps crow « Mreaha+ r:twte or raid land and or. all eq„:pmr•nt end personally cmersd by thu rrtoAp•
+va, with all prem.uma ti+ereon paid in lull irr• wuranc! in list yawl atrrtoard policy 1«m,rt • swn •ppo+ed by tlx MORTGAGEE, and w.rdstontt
,ro„rrnu in tM twual wndard pd.cy 1«rt~ in • sum approved by tM MORTGAGEE, in each company or canpart:es as file MORTGAGEE m.y
d.•M: end all {ire and wirtdst«m insurance polices on any Of said build.npa, any interest tM.ein or pan thereof, in the •ypreprre wen af«esaid «
•¦cru titer•of, aFsatl contain tM uswl stardrrd m«tprpee clause « such OlFrer clause •s the Mwtpapee m.y require, rnrl:rtp the Iona under and pd:
ns. arch and every, psyabte t0 wid MORTGAGEE as its imerest m.y appear, end each end ere.y such policy atoll be promptly au.pned end delivered to
rn. Enid by wd MORTGAGEE a hwtMr ~ecvriry to said m«tpape debt, end, ttcA ku then ten (10) days in adrartce o) the rapiratron o1 etch policy, to de-
:•.r to w:d MORTGAGEE • renewal thereof, topetMr with • receipt f« tM prem.wn o1 such .enrwal; end there shall be no Lee « w:rdttwm inswartc•
::reed on any of said buildrtps, any imerest Hrrr•in « part tMreof, unless in 1M form end with tM lou pryabk n aforesaid; end in the event any awn
r*.oryy becon,ee payable wrier such policy « policies said MORTGAGEE •MII M+e tM opt.on to rKeive and apply the ume on atzoum of tEte ird•bted-
~ss secured Mraby « b permit card MORTGAGORS to receive end use h « any part d.r,rol lo• otr.rr purposes, waho.d threby wai.rrrg « rmpen-
•.q arse equity, lien « rpM under « by venue o1 thn mo^papt; end in iM .vent card MORTGAGORS sMll for any reason fail to Jeep tM u:d premises s0
..s.,•rd, « fail b delirrr promptly any o} aid pol,c:ea of inwrance to srid MORTGAGEE, d fad F.romptiy to pay lu:ly any premium therrf« « in anti
rti.ect fyTl to peri«rq dtstharpe, erKUte, effect, c«rtptete, comply with end abide by this corenam, « any Irrt hereof, sa.d MGRTGAGEE m.y p:acr sod
err for sucfi inrurertc• « arty pan thereof w:tErp/t wai+inp « •ffrclinp any opt.on, Iron, equ.ty, « right undr• « by v:nur o/ this Mongrfle, and the
„1• amount o1 eacfr and every such payrnrm sMll be rm^,ed,ately due end p+ysi,ir seed ahal::,ear :nie+ra: Srom the 3rtr titrreot until i..n; si t:fir rain of
'i ~ Q , 5 per artrtum and together with such imerest shall be secured by rM lien of thn ri+onpap•.
< 1o permit, mrtvnit « suffer no waste. impairment « deterioration o! card property « any part tl,ereol.
S. io pay a!1 end s:rtpulp flee coat, charpn and expenses; intlud.rtp • reasonrblr anorney'r Ire and cosh of abstracts of title, i.•cuned w M'd at
•-,r t.me by said MORTGAGEE, beaus. « rn the rent o1 the faaur• m lire pan o1 tM a6d MORIGAC,OR to duly, promptly end fully pert«m• d•schrrge.
.rc,ne, effM, complete, comply wnh end abide by tech end every the sGpulrt.rw. ag.remenn. co•+drt.ons. end co.rnrnts of u:d prom„sort' note and titre
-.c.npap• arty « e:tlrrr, and Yid costs, charpn end eapemea, each end very, sMll be immtd•atriy due end payrb:e: whether « not there br nonce dr
^.nQ anempt to col:rcl « wit perd.rty; end the lull •movm of each and every such•paymrm sA•li bta• internt from the date thereof anti! pad at tr,e
I of psn arrwwn, and all acid coon. chupe~ end expenses ,r,curied or paid, together w.th such iroerest, at.ril be secured by the Len of the
_iO`tppa
j 0. TMt (r) in the e.ern of arryr b.eacE+ of th,a Mortprpe or default on the pan of tM MORTGAGOR, « (b) in the even any o! sa•d ¦ums of money
It! .•e~n relan•d to be not promptly end fully pr:d wahm th,rty (30) drys neat alter tEu s. me ar.rraay brcanr d.•r end pryable, witiwu. demand or nonce,
(e) In t1.e went er,h end every the rt.pulatrorss, rgrrrmrnn. conQr.ons end corrnrnn of ud promuaory note end thn mo.tprpe any v r.tner ere not
:~~T, promptly end fatly pert«n,ed, d.scha.peC, r.rcute[! affected. completed, comy:.ed wAh end abrdrd ~y, tt,rn m ether a any such erer.• the srtd ag
,rte wm mem,oryd in said promr?s«y note then rernr:ninp unpa,d wnh ,^rereat rcuurC, end •II moneys recurrd hereby, sMll t.eccrne d,•e and pay
j .r,.I forthwith, a ttrs+erha, at IFy option of seed MORTGAGEE, as fully tell c[wnp:rtrly as H aU 01 the ar.d rums of money were o+q,naily stryu+rred
I
p r be paid on each day. anythwtp in u.d p.om.swry note « in tl+ia Mo.•tprpr to the cu^tra•y nct.,.thst•^d,r+p, end tr.rrevpon d ti.rrerfir. •t tr.r opr.on of
t r.C MORTGAGEE. wnhprl rrpl,ra « demand, sun at law o• in pally, tMrelae « try.ertrrr t.rp.rn, my be praareutrd•rs if all mo.tys oecvred hereby
..d matwed prior to its Mtat,tsnrar?
7. That M fly •+•M tMt •t the brp:nnrnp e1 a at any trrrr• pend,rsp any ru,t upon tn,t Mn•tgape: « to 1«rcige h, or t0 ref«m h, « to enlwo
~ r.~+e+tt o1 any e4:ma 1yerrnder, a.d MORiv4GEf she!! apply to the Corn harrsp tunsd•ctro•. thereof 1« O,e rppc..mmem of • inr:rer, sut3+ Covet rMB
..t~..•.trn appoint • .rcer••. d u:! rrwrtprped proyrnt at+ end •rrtpuia•. rnc.ud,..p alt and s•nu~4• tr.e r•rcor*re. p•ot,n. ns,.rs •rd re.rnves from whatwrr
.•.r•u dewn.ed eerie end every Of wh.ch, it Ixrrtp txprrssty understood n hereby mtrrt~r~rd n if aprrc.l.ta(ly set fool. and dracr:ued M tM prrntrnp end
~'+•d.rm druses lrrrol, and s,rd, iec•r.er rM:: 1ta.a ati ti.r bc.rd rr,C el.rctrrr lunct.ons •~d Frr+.r+s m anyw•sr rnvuned by • Court to • iKer.•r, end
}i c1. rppo,mmenr skirl: be wtade by acrcf+ Court as an aemmrd equrq and • r.unr• o} r`_soiute npF.t to sere! MORTGAGEt, end w:rFw,rt relererrcr to the
••+w..acy « Inrdp..rcr of ter value d tM poi.e•ty monprpad « to the a~•.rnet a ,^w•.rrtcy o! ra.d M;~RTGAGOi « tF.e deterdrms, end Mat asrdr
•'+•a. prohn. Mca*ta, w.res end rerrnu•a rnrli b app:.ed by such iece,.er aCCwd.nr to try Len « party o1 rare MORTGAGEE and tM practru of audt
~wxi_
to duty. pornptfy end fully perform, des:i,a•pr. execute, effete. eb•+.ptete. co•*+pty whh r•+d abide by etch end ?.ery the stipu:a!,oru, apracmenta,
9 :•,dnron• seed corrnrms i+ wed pro^.issory rtw• end to:a monprp• ae• Iwh
i. list h tl,a erer+t tM ow+ynh:p d tM rnonprped pre^+•asn. « any prat rr.•eer. E,.cy..r. vested in • person othe• than the N.ORTGAyaOR the
`?^1uAGEE. hs r.rccataon and au.pnr. r+..y, w,ehWt netrce to by M7:iGAOii, der: w,tn such suceras« « s,rccrsw rn intereat with relr.enct to this
-"tD'De end the riche I.r•etsy enured r file rr-y mrn•y as with fAon'apo• without in a^y wet v:t.rt:rtp « d.uhr•p:r+p the M«tpapon" l:abilrty harms
v~r « upon Mr bbl M•aby stowed fo ra.e of tyre `•rm.ws Ivreby monprprd end rte fo•?~errance on try pan o1 the MORTGAGEE « Its euaeaaon
• rss.y•rr and n0 eue•+rion d the ume 1« rha paymam of tr.e debt hereby srtvred preen by the MORTGAGEE or In sucusaon « •uyny a1rU op•raq
- rr•araa. d•.rsvpa, nrod,Fy cf.rnp• « atlao try wrp,nr: I.rbrlny of ttta MOfiGAGOi ha+err~ •rth•r h whey « fn part.
10 h V apecifruliy apr«d rMt t,.rt• w of tM essence of thw cor++•rct and tort no wr:.er d any oE.t.prt•on M••urd•. « o! tM obi?~eti«t se-
-ed Fta.eby sliali any t,r+te thrrerh•. 6a told to b• • wrr.•r of t1y te•r+ta M•eof « of ter inat,v-,ens sru.•d 1~erby.
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