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It- PRllfl l'T fHl tiF('URITti' IIFRI.OI .\tOR7~G.~i:1)R l'OYI tiANTS ANU AGR11 S. ~11 lu k.cp .~ni prrmi.r. mwrcd .ytr~n.~ firc anJ +u:h olher
..~.ualircs a, 1M NunRa~~~ may spec~fy, up to Ihrfull value ot aU unpruvrmrnh fu~ Ihr p~~~t«trm ul ~lurtg.y~rt m~urh mannrr, m wrh amu~mt., aiN! ~n wrh
.,m~pan~ts as ~iwtp:tEre may (rom wne lu litnr appn~vt..~nd w kr~p 11x {x~bcr•~ IMtrfw. pr~prrly rnJonrd. un Jrpu~~t NNh llfurl~rr_ ~nJ 1h~1 lo~s
pr~..reds Ik+s r~prnsrs of coUcrln-nl shall. ~1 Nu~lR~cer's u{~tn~n, br ~ppl~rd un vr,l irnlrblrJnr:w whrlhr~ dur or nut u~ to tat rc.turrtiun u( .ak1
~mpruvrmrM~. in rvr~l o( bss -lurtg~tor NIII (j1YC unmrQutr nuU~Y by m~d tu Ihr ~furg~grr whu mry m:~kr pruuf of lo~~ ~f nu1 mxle prumplly by
~forlRagut, md :xh ~nwnn~Y rump~ny con~~c~ord ~c Mrcby ~WhunraYl anJ J~rcrtrl to makr p~~mcnt lur w.h lu~. durclly to ~fortga~ar m.h•~J of
~i~~~~g~uc 12-Tu pay :II) li\CS ~nJ spr:ul a~x~cmrnh ut any kinJ that hrvr brrn or may br kvkJ ur a..e.xvl upun .aK1 prcm~~~, w any parl thrrru( 11) In
!h.• crent uf dcfaull by ~turlaagor unJrr Para~trapM 1 ut ? ~~ovc. \tuttg,~rr, at i1~ uplam Iwhrthcr rkcUryt to dcrlur thr whuk ~nJrhtrdnr+. +r~urrJ hrrrby
.su.• anJ colk. UAk ur nut1, may la1 r(irrt thr mwt~ncr rbuvc p~uvKlyd lur ~nJ pay thr rrawnabk prcmmm~ arwl char6r+ Ihrrcfur. Ihl pay all ud 1~~r. anJ
~•~~+,rrknt. wuhuut Jrtttm~mng the val~d~ty Ih~rcot, ~nd I.1 pay .u.h hrn. ~nJ all wch dnAu~.rmrnl..hsll br Jrrmrd a p~n ul 1he ~ndrhlcJn~~~ .~.urrd by
~h~. NunRagr and ~hatl be ~mmrdutrly due •rnd payrblr by NurtKagut t~~ ~torigager. IJ~ To krrp Ihr buildirye~ and Whr~ ~mpru~~rmrn~. nuw or h:reaftrr
.rr.trd ~n ~e.wd cond~Uun and rrpau, nut tu iumm~l ur wlfrr AO~' N:~~(t or ~ny u.r ul .aid prrmi.r. cuntr~~y tu rr.tn.uun ut re.u~d i-r .unlruy tu law~,
.r,l~nan:rc or rrgulat~on. uf proprr pu~l~c ruthonq, and tu prtm~t ~lurt~~~rr tu rnt~r rt ~II tra.ur~hlr 1~m.•. lur Ihr pur~~~r uf ~n.prrhnE thr prcmi~r~, nut
~~~ rrrrN~rr or drmolich any huildin~[ Ihercun: to rurty~lrlt wi~hin Um HunJrrJ ti~At~ i1K0- l)~>. ~~r rc.turr pr~~mplly and m a gixwi ~nd Wurkmanl~l;r mannrr
.~:~ bu~ldmr Mhi:h ma~• hr ~un.tru.•~.•d. d~magrd .+r ~1..~r..yr~ !!!rrr.~!± ~~e! 1r T~Y. w!»•r. :lsr. s!! :l:s:.^.: !a~ !sh~u prsl:r..^::;! s.^.e! ^:strt:s! furr.::l:;~ lhrsefas.
~~~ fhal tM umr of pqm.nt of Ihr md~hteJn.•.a hcrrb~• .r.ur~J. or of any ~xxli.~n thrrrul'. m~y tw r~trndrd ur « nrNrd ~nd ~ny p~~rt~um af ttK prcmix.
h~rr~n drx~nbrd myy, wqhuul nohir. (k ~rlraxJ f~um 1h~• Ikn Mrraf, wuhout rrka.mK ut altriUnE thr ~~.~~n~l I~~hiluy ut an~ prrcun ~~r .urputatiun lut Ihr
t'.~~m~ol uf .a~J indrhtrdnr.~ ur thr I~rn of thic ~nurumcn~ u~-n thr rrmrmdrt uf .~Ht prrnuv+ lo~ ~hr lull amuun~ ul .:uJ mJrhtrdnr.. thMn rrmaimng
~np~~d, and no :han~ea m thr uwnerchip uC viJ prem~~a. .h~ll rcka.r, ~,Jucr ot uthrrw~K• au:•~~ ao~ w.h ~~.un~l I~abdi~y un Ihr Ikn herrhy .rrat~d. 161
I h~t hr i~ sritrd uf thr prrm~x~ m irr s~mpw• rnd hr. ~t~Kxl :IMI IdN~UI nght tu .um•ey 1hr umr. ~n4 ~hrl hr J~w. h.rrby forrvrt wurant anJ wdl lore~rr
I~trnd the litk rnJ pu-sr~s~.~n Ihrrt~~l ~gaimt thr lawful clrim. u1 any and ~II prr.um wh~ttiKV.r.
1 I IS ~tUTI!ALLI' AGRF.EI) THAT: 111 If the uid 11unp,agor ,haU fail or n~~tlrcl to pay ~nc~:illmenl. on uid Ptomi~wry Nutr or on any othet aJvan« or
,~hhgatwn mh~ch may t,r cerurcd lkrrby as Ihc vmr m~y twr~allct beromr due, ur upon drfruU ~n prrfurmance of any agrcrmem he-eumfer, ur upon u!r or
,~thrr dispotit~n of 1hr prermvrs by 1lurtp,aKut, or shuuld any aruun ur prw-rrdmF br fikJ in any court to enfurre any I~rn on, rla~m aga~nct or inlrrest in the
s~rrmises, lheo all wms ov-~ing by Ihe Nurtrrgor to thr NurtRa~ undrr th~. ~IurtgaK~ ur unJrr thr P~om~s~ory Note s~curcd hrreby shall immtdi~tely becomr
dur and pa~•aAk at ~he option of the ~lurtgagee, un the appG:auun of thr Nurt~are, ur a>s~grke, or any perwn w•ho ma~• br entitkd tv ~hc monies due
ihrreon. In wch evrnt Ihr Nott~ee shall hare thr r~ht immed~atrly to forcrlux Ih~c 1lortgage xcordinE to law for thr collrcUon of fhe Mhok amount of
thr mdebtedness and ~ntrrrsl thercon plus rcuonabk a~turnry'c feec roe11 iIIONIYI D)' I~w and any amounts adran«d putsuant lo this Mortg:ytr.
.,! 1!o[tgagor sgrcr~ io sursestdts pus: a~i-ss: vf t2:r lar:;:ai~rr d:a;r:Lr.3 ~ur-t:rs :.: it-.° 3'uraii~.r~ ai iiK riun.ani w~ir. nnmcu~arcl} rltrt w~h uk. m thr
r~rnt wch pc~sxuion hu nol prcviousl~• bcrn wrrcnJrrcd hy Mo~t~agor, anJ lor fadurr t~~ wrrrndrr pu~~r.,ron, w~ll pa~ tu Purcha~cr !hr rrav~nabk rcnW
~~luc of the prcm~srs dunng or after thr rrdrmpUon perwd.
~ 3 ~ In the erent said premises ue sold by llortgagee, ~tortEagor, if a signer of the Promissory~ Notr, shall bt Iiabk tot any drfc~rncy rema~nina afttt sak of tht
~rrmises, and applicatwn of the proceeds of said sak to the indebtcdness securrd uni to 1he rxpenses of conducling said nk, incluJing attorney's fees and kEal
~ Kpenses if allovved by law-
~ a i Whrnever, by the terms o( this ~nstrumem, Mortgaitr~ ~s g~veo any optwn, wch opuun may br exrrcised whrn the ri6ht ucrurc or at any tune thercaftet,
~nd no ac~~eptancr by Muttp,agee or payment of indebtrdnesa in default tihall cunstilute a warvrr of any Jefault then ex~sting and continuinR or theteafler
.,~ . rutn6.
+~ I If NohEa~or shall pay sa~d Prum~ssory Notc at thr ume and in thr manner aforrsaid and shall abidt b~, comply w•~th, and duly pcrtorm ~II the corenants
enJ a~teements hercin, then thu conveyance shall be null and vukf and Muttgagee w~ll, w~th~n the ~tatutory penud after written d~manJ therefor by
~t~~rtga~tor, execute a rckase or salishction of th~s Motl6agr_
+6~ NolwilhstandEnE anythina in this MortEa~te or the Promissory Note srcurcd hereby to Ihe contrary, neuher thn Mort6a~c nor sa~d Promissory Note chall be
.ir~med to impose on the MortaaRot any oblig,ation of payment, rtcrpt to the exlent that the same may ~ kgalty enforcrabk, and any provision to the
~untrary shall be o( no force or effect_
~' ~ AU Mortsa6ors shall be joinU~ and sevetaily Gabk for fulfillment of theit cuvenanls and agrcemenls herein conta~ned and in said Promissory No1e.
~H) If any Debtor is a married prrson, he rcprearnts and warrants that this insttument has been executed on his behatf, and lhat he hu not executed the same as
wrety for another.
fy~ tach of us, whether Prinripal Surety, Guuantor, Endorser, or other puty hereto, hereby w•arves and renounces, each for himiilf and family, any and all
1~~mrstead or exemptan tight: in the property cumeyed herrundet, either of us hare under or by vutue of the ('onstitstan ot LaN s of any Sute, or of the United
titates, ot any ri6ht in the naturc of dov~~er or curtes~-, ol an~• ~ututory• substitute therefor as against thec debt or aa~• renewal there~f_
% 1 u1 In the event tM MortRaga(s) transferls) the ovcnership of Ihe sad premisrs, or any put therrof, the entire unpud balanra of the debt securrd hereby shall
unmediately become due and payable.
198! NAR -5 ~p ~~ 49
F~~EG ~hf FfCOn(-iU
SI.I~UC~f CQUHIY.Fi.~.
ROGER PGlTRAS
CLERIS CIRCt~tT t^UR„
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