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HomeMy WebLinkAbout0509 4898'70 1960 ,lUN I1Ei ~ 51 ~~~~w~ .aecoaa vFau~FO_ ehall have tM optba to eaaiw sad appy the cams oa aooauat ~ the iadsbtadnaea eeeurad 6erabr or to permit said Mortgagor to receive and ues it a aqy part theeeot tar other pueposes without thenbr waiving ar impab~lag asr egoitr. Ilea ar right undo ar by virtw at fhb moetgaga; and is tbs avant raid Yortgagar shall for asr reaeoa hil W ksq tM said prmises eo insured. a taD to deitver peomptly asr of scW polidea of leautaaos to said Mortgagea~ ar tail promptly to par lbgl? aey? premiss therlae, a ba aryl repast !aD to perfoeas, dbeharg~ eacvte~ effect. oaspiets~ oaaapiy with sad abide by thls oovaaart. a aqy part herof. acid Moetgagaa m.Y pica asd p~7 tar cosh iaaunaoa a any pram thereof witbont waivlop ar aKactiag any option. tieew equity or right usder ar by virtw of fhb nartgage. and tba full amount of each sad aveay such garment shall bs lmmedlatab dw asd pq?abM and shall boar inteeast tram the data tbseeot nstil paid at the nor of ten par oeatum pee asenm asd tagethar wiW ouch iataesat shall bs eaeund b7 tbs ties of this seottgage. To permit. oommlt or snttsr no .Hato. impalement ar deteeioration of said property of aqy part tbeeot. 5. To pay aD sad singular the costa. ehsrgee and sepeasss. iachdiag eweosabM lawyer's tees and cost at absiraets at titb. ineureed or paid at• say lima br esid Yaipjea beauss asdlor is tlw went of the lawn on tM part of tM ea?id Mortgagor to duly, pearoptly sad fully parfoem,. diaebasigs. ezecuta. etlaet. oompiets, oompitr with and abide by saadt and every the stipulations, asgraemeata. ooaditbss and oovesana of said peaaeieaoer sole, and fhb mortgage. say a either, sad said costs, charpa asd eespaaes, each and every, shall be immsdbtalr dw sad payabb. wMtbsr or not then bs soda, deenaad. attseapt to ooUeet or suit pendisg; and the lull amount of each sad evarr crash payment shaD bear interest from the data tMesot until paid at tM rate of ten par osstum per annum: sad all said coats. chsrgw sad a:panese so Incurred a pedd. togethee with such interest. shop bs esaned br the tiara of fhb mortgage. ~ . g. That lal is tbs west of any bnaeh at fhb mortpaEs a default an the poet of the Yatgeigor. ar Ibl be tbs weal asy of said crams of mossy baeebs e+efernd to bs sot peamptlr aed tnOr paid within too data out otter the same ssvaralbr beeooma dw and payabds. witbost demand or aotieat. ar kl ie the went sash and aver tbs etlpdatioss. agle+muts. ooaditioas and ooreaaaq of avid peombeorp Hots sad tJds mortgtgs. say or either. ors not dnbr, prossptly sad fu)!y pertormd, dbehargsd. asacvtad. eNeeted. completed, oompWd with and abided br. thee. is eitbec a soy sock want, tba said aggngau arm eseatioaed is enid proeabsoty sofa then remaining napaid. wkh 6~teeest accrued. sad a!1 eaonerys arleoted barsby. sbaD bseoome dw and parabL forthwith, or thenaher. at tbs option at said Meetgagse. u tnQr and corspbtely u if a!1 of the acid auaes of Homey wars oeigisally stipulated to b geld oa such day. anytbbg ba acid promiasoer sots. sad a m thin modpp w the ooatrry erotreithstandiag: sad Warupon a thsreattar at tbs optics of said Yortgagss. wkhout actin ar damsad. ark at law a m egnkr, thertoton. a WenaRee began. mar bs peaaeentad u it a9 m~onsps ssewed benby bad matnnd -prior w ks metRntbes. 7. That is tba event Wet at the beginsisg of or at a_ ay time psediss oar suit npoa fhb mortpats~ or to tasebas it, or to storm it. andMr to eatoeee payment of oar elairns beeannder. said Yartgages shall apply to the ooart havisg jnrSdietioa thereof for tbs appointment of • Raoeiwr. crash oonrt shall toethwith appaiat • Raoeiwr of said matgagad popsrq a0 and ringubr. techrdiog all sad eiogular the note income profits. beues sad rwenstse from whatever sours derived. each and weer of whirls. it baiag espeaaebr understood L bseebr moetgsgad u li spseifieally set toet6 sad deaen"bd is the granting asd 6abeadsm chases heeeot, sad aareh Receiver ebadl bsw I~I aU the broad and ettietive tunetioss and powers in asywiss aatnseted br • court to a Receiver. aed each appofotmaest abedl be mods by aasch sort u w admutted equity end • matter of absolute right to said Yaetg~ges. and without f retereesa to the adequacy a inadaquaey of the vriw of tb pr'oPsty mortgaged a to the sdvarsey or issdvarsey of acid Mortgagor adMr of the dstendants. sad that such rests. ptotita. inoaans, lessees asd eweasues that bs applied by ash Raaiver acoading to the kin and/or egnity of said Martgagas and the practice of sseh court. ~ 8. It is ondsestood sad asrsed that thL mortgage b g[ven to sewn, in additiaa to tbs note or obBgatioa i show dsaaibad lay additbaal bane or tatnre advasaa made wtthirs twenty years from date 6eeeot br the moetgagea - to said mortgagor ar say wrooeaaor is tills of said mortgagor of tba prapeety 6ee+ebf anvsyad: providd that the total napaid balsas of the indebtednssa secnrad beesbr at asy ass tams shall sot s:csed the madaonm pirieeipal •~unt ~ Eleven Thousand Five Hundred Fifty and Fifty Cents (11,550.50} bra N 1. phu tntereat th.reoa sad say diabur.amsats made M the mortgage. tar the payment of ta:ae. hubs a insoranoe os the pe+aperty eesenmbered baeeby. with interest on snob dbbsmemenb. ~ IN WITNE38 WHEREOF. t~ said M bu e:sevted tbb m~oetgap under wl on the der sad yaat beeeis first above~~w))ritten. Sigrsa~/Geslod sad afi ~ ~ ~ ISEAId C~z.~-~' ,J.~, ` L W . Sipe i~~ STATE OF RI as. G ends J . S es COUNTY OF UCIE ` f::, f B~[~ayp~yappund IPSIip W. and Glenda Si~~,, his wife of 19$3<^~1. 4'~~'- . :P Roslyn Orive, Rocky River, Ohio 44116 _ . ~ r j_~ . f'~ to ma wII kaoa sad bac.a to eer to be fir bdividwl... de.e:ib.d b sed wMs asaeo~0ed the tonRoiii~` ' ° • . sad .eimawl.dgd befar+s ear chef ..~ry...e;aawed tb...m. for tor. ptpo.r t>,ee.ia sspe....d. ;t1' ; ~ ' ' - ; WI7'NE88 ssr hood sad oAleW aced thin da~r ei ~ ~ ~r r ~ ~ _ ;.t.Q~i~N'L Notary Aebii is sad far w ~ ..d flaw ~far..dd. • Notary PssEt'st. Slate o} Florida at larq! Pb s~ ~ ~ ~~I~Issicn Expres Apia 30, i9$3 't- t, .