HomeMy WebLinkAbout0263 '7. 11 eqr o! the wore el woney herein nhrred b M wot prowptly grad Ivlly paid within Rftaem I1!) days neat offer the toN NwroNy beeves dw
and payable. or if each end every Me sNpubtions, ogreeaamh, conditions and cownomb of said Prormiswry wo?a and this worfgoge, a eithor, on mN duly
perhrwed, Dowplied wiM awd obidad by. the oggragate ww nantamed in sold prowissoty moN shoN becowe dw ord pryoble hAhwilh a MereefNr of
tM optioe d the Morlgttgee, m WNy orrd cowpleNly a< N said oggngoh ww of wowey ww aigimoNy stipubNd b b• gold om svd dqr. otryMing ie
veld prowisaory sob a beroiw b Me coatrory nolwithsbrdimg.
t. Te deNvor b veld Mortgagee, om a before Moreh 13th o1 each year, bx receipts evdendng the poywent of oN lowhlly ixpowd bxea ter the
pnceediag calendar year, to deNver b sold iNortgogee, nceiph .evidencing the paywemt ~ all liens for public iwprovewemN wiMiw ninety (f?0) days ofNr
the sane shall betoN dw grad payable grad b pry a discharge wiMin ninety (f!0) days ofNr dw daN, cry and oN gowrnwemtd lefties that way M
erode ow 11N worlgoged Property. on Mis raortgoge a moN, or in omy other wry nwhiwg trove Me Mortgage 4debNdmea ucvrad by Ibis watgoget owd
if Mir cemdition be wot cowpNed wiM grad perhrwed, said wortgagee goy Pry such vex a wore which shoN bacowe port of the dent tetvred by thk
worgoge, and tholl bea intanst of the some roh a. Me ewrtgoge nob. payable sewt•omrsuolly vmKl paid a sold Matgogee way sleet Mot sold ererb
goYe debt thenupow becowe dw grad payable forlhwiM.
9. M is further cewnonted and' ogned by said parties that M the went of o wit being inatitvNd b hncbw Mh walgoge, tla Mortgagee shoN
be entitled b opp:y of any live pending such forecbwre wit b the court having jurisdiction thereof far the appoiwlwewt of a ?eceiver o< oM omd singubT
Me worigoged propery, end d all tM rents, imcewes, profits, iswa grad nvenws tMreof, trots whotsoewr source dorived; grad Maarpetr h A hereby
expressly cewnomNd end ograeri shot the court shell forMwiM appoint o receiver of said wortgoged property, all end singular, omd of such rear„ im•
ccwes, Profits, issws omd rtwnw thereof, frow whotsoewr sours derived, with Me vwol gown omd duties of reteiven iw like Doses,; grad svd ape
poimtwen? slwN be wade by such court as a watMr of strict right b the Mortgagee, ib wcttaon, Ipol npresentotivw a assigns, end willow nferewce
b 1M edequory a inadpvory of 1M wlw of the property hereby wortgaged, a b the solvency a iwsoMenq of the Morlgoga, omd that such rewf,
prokh, incorme, iuues ord rewaues shall ba applied by such receiw? b tM poywenl of the wortgoge indebtedwess, tab and drorges. aaord'uq b
tM order of such cant.
10. Upon any de(oult under flee wortgoge noN a Me worgope, of ?he optan of IIN holder of tM mrortgoge nob Me vapeid balance of fha
warpage nob grad any odronces ,wade under it, a the warpage, togathor with inNresl, shall becoaa dw ord payable, titae beip of Me essence o1
this eentroet. My waiver of any poyarent under the noh a wortgoge of any itnra shoN not, w ary oMor firma, be bken b be a waiver of the Nrws of
tM note a moitgoge, grad the occepbnce of poynsenn upon sold indebtadn•w shoN not censfituN o waiver of IM option of the holder of the nob b
ooca:erob npayw•nt of the entire unpaid balance, unless tM holder expressly gronb such waiver in writuq.
11. If all a arty port of the prePertY or om interest Merin is sold or tronshrred by worgoga wiMout worfgagee9 prior wrlMew foment •:thrd•
ing (a) fhe creation of o lien or encanrbronce subwdinoM b this wortgoge, (b) a tronshr by devise, descent, a by operotion of low upon the death of
o join? tenant, or, (c) the gran! of any leasehold interest of three (3) ywn a lets not combining on opliotr b purchase, a (d) 11N tnaliow of o pu+-
chose tmoney security interest for household appliances, worpogae way at wortgogee's option, declare dl wws secured by this wortgege b be itarmediotely
due ord payable. Mortgagee shall haw waived sucA option b accelerate only if, prig b tM sole a transfer, wOrtgagN omd the persoa b whow the
propery is b be sold a transferred reach ogreewtmt in writing Mot suds person is o gwtified borrower b the safisfoclion of arelgogee exe?cisod
in its sole dixntion grad that cry modifications of hews of the s+orgoge loon es are required by worigopee in ih sole owd obahtte daecetbm which
modifrcetiom orgy include wiMout limitation the rate of interest payable on the - wms severed by the wortgoge b o rote as ngveshd by worlgagea
flow been agreed upon.
If msortgogee exercises such option b orcehlroN, wortgogee shoes wail mortgagor motieo of occebrotion by depositiwg sold letter in Me UniNd
States Mail, postage pnpoid, b Me following address: .
Such notice shall provide a period of not less than Mirly (~0) days from the daN the notice n Aoiltd, within vrhich wortgogor way pay Me ww da-
clored dw. If mortgagor foih b pay such wws prior b the expiration of suds period, the loon shall be in defouh grad wortgogee wry, trithorrt fyrfMr
notice a deniond on nrortgogor, inwke any rawedies os provided br herein upon the event of defouh.
My wviwr of gray payment under Me note or mortgage of any time shall not, al gory oMer fives, be bkM b be o waiver of Ilre carves of the
nob or wortgoge, grad Me acreptonce of poyrwemts upon said indebMdmess shalt not consfiluN a waiver of the option of Me wortgogei b oexelerote
the indebtedness os provided for Mnia.
12. 11 • conveyance should be made by the mortgagor of the preirrises herein dteseribed, a any pert tlrertof, and slsostld the gnMN ar any saber
gwnt grantee under said conveyance, who has assumed the mortgage and irrdlbtldrals, br in default by vrrtua of • breath Of any of dre previsiata
of efts mortgagt a the povisions,of any assumption agreement with she mongegee, wheMa a not wid •usmoptiotr agraerratrf modfiss tfa terns d
the mortgage and indebredrress. -rhea end ttse.elae, the matgaga hereby consenh to asswnption and the povisions d any aawnption agreement with
ttie mortgagee, and to any mod.lication of the terms a prevision o1 the rrrortgega and irrdebsedrass Otusierred by acid asatmnption agrMnaM and doss
fwrher hereby grant the mortgagee the right to grant exteMions d tame to said grantee without rrotifiution of, witlrOttl Ilrs tetrMM of and without affect-
ing rlre liab~lrry of the a.gn•i mortgagor. or any subsequent mortgagor.
1~. when any amount o/ morre>! to be paid by the nrortg•gor b the mortgegte wader the terms hereof s1aN be in defavh, a fltostld tlrr ngrlgagor
det•uh in any of the other terms, provisions a conditions of th:s mongage, Men in that case tl+e mortgagee thaN have tlrs right, wiMWrt netia b the
~ wrorgaga, b collect and receive from any tenant or lessee of said mortgaged premises tht reran, issues and profin of tla real eagle IafebY mortgaged
and the inrprovernenr thereon. and to give paper rKe:pn and acquinances therefor, after p.yirq aN catrnissions of any formal apart collecting the some,
j and any reasen•bk attari?eyi lees end other necessary cxpenes incwred in collecting same, b apply the pecteds crf such DOllattien slpOfs any indabbd~
tress, obligation or I:abrl:ry, of the mortgagor hereunder. The right granted the rrrerlgagee under this paragraph shah be in addrtioe f0, and shah not Wait
a rastrid, any ghat right a rights granted the matgaget in this mortgage.
~ 11. TMt b rlre event the premises hereby nrortgeged, a e+ry pan thorsol, shall be condemned and taksn fa public ur ursdor tla power of enritant
danain, the Nbrgegee shall have ttre rght t0 demand that ell damage awarded la the taking of a damages b wid premiws slraM b• paid b tM
Mortgagee up a the enrounr then unpaid on this maq•ga and N tM option of drs Mortgegs+ may M applied upon Nre psymatls last pgabM tlweoott.
1S. The mortgega binds himself not b erect w permit b b. aectad arty new buildings on Ilre pranises herein rmortgaged a W add t0 a permit
b b• added b any or rite exisruq improvements thereon a make arty dsagee a ahnatiora in said irnproverrann which materially charge the sans a the
' uw thereof, without tlrs warren consent of the Mortgagee, and in tM event of arty violation- a attermpt b viol•b this stipu{tliots this worfgga std eN
suns asa?nd hereby sMtl rmmediasly beconrre dw and colMctible a tM option of tln Matgapae.
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Id- h.ie epeCif.catly agreed that tines is of the essence of Nris Dprhad and tlrst no waiver of any obligation Irerewrdsr a? of Mrs obyigrttett setswed
hereby ahaN at any ti.ra be held ro be • waiver of Nrs Nana hereof a of Nre inabsrttseM searrtsd hereby.
17. It taecbwre poceedings of any record nwngape a wcorsd tent dead a any jumia lien of arty k'rd should be irstitubd, tfre MortgagN nay,
et its option, inrunediarely a thereafter dKlare Mir mertgage and the irrdebredrress MCUred herby dw and payable fpMwr/y std may M ib OpIt01t ptoped
N foncbw this matgags.
1g. to tM extent of tM indebMdntw of the Mortgagor to the Mortgagee desvibd herein a eacvnd hereby she l~ortgpse N hereby subeogPbd b
drs liars a I;erre and b dse righn of the owren and holders thereof of each and every nartgage lists a attar inWetbnrtDS On tlta Iartd daanMad hvein
which M paid and/a satisfied in whole a in part out Of 1lre proaeds o/ Me ben dewibd herein a sewed hereby, and tM rppKfiw fiaa e/ said
mwpegas, tiara a other encumbrances shall be and tM sans and cads of them hereby is preserved and shpN Pw+ b and ba lald by tM Matgagaa hanin
w severity for the indebtedness ro the Mortgagee herein desaibad a herby sectored, to the sans wren? that H would haw been pwrtnd and would
Nava bean paved b and been held by the Matgegae had M been duly end regularly assigned, tranferred, set over and daltwted tans tfa Mortgages by
seporate dwd of assegruncnt norwirhsrandurg she fad that Mrs sans wssy bf setesfied and carrtdlad of raDOrd, h being the intastioss of the psrNes hereto
Mrat the aanta ureN bt aatislied and cancelled of record by tfa holden titareof M a about da tins of Mrs rtDorditq of tltls rrtrrlgege.
11. Te pay aU a+rd singular teas cosn, dsarges and expenses„ rrctudvrg lawyers has. reasonably incvrnd a paid M aq teas by tfss Mortgages,
batawie of tM (•elwe o/ the Mortgpor b pericrm, comply with and abide by each end every dre stipulation, agrsanants, Dorditieta, and DovertatM d acid
promiway nob and this deed, a either, and awry such gyrwenb shall bear inlarest /carve dne M tla saute raN as dre mortgage noN.
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IM wtTHESS wMfREOf, tM said Mortgagsr Irenrrrrb sets ftM had and seal tltN the dry ad yet tvtMM ~
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Sgn.d, swlad, and deiMred _(Sf/ll)
M the presaros d: ~ L/P-~F0i R. HA
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