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HomeMy WebLinkAbout2484• jyli. y 1 't ~~~ Iu PROTf(T iNF SE('URITY HFREOI~, MORTGnGUR COVI.NANTS AhU AGRII.S: IIITo krrp ~Ni prrm~.r. ~mut~til .yta~ml lirc ~nd wrh u~hrt .~.wlik~ ac lM Murtgag~t may sp-~clfy; up lo lhc'full vslue uf all impruvrm~M~ for Ihr p~utr.tiun of Nurlg:~rr m wrh mannr~, m wrh amuunh, aixl ~n wch .~~mpanKC as NorqtaRee may (wm Ui~ tu timc appn-r•e, anJ tu krrp thc poGck+ tMrclu~, pio ~ly cnAonrJ, un drposit ~~uh 1-fortg~. an~1 Ihat lu~s ~~r~hrrds Ik~s r~pr~srs uf cvlkct~on) shall. a1 1-turtgagre i uplK~n. br applird on uK1 inJcbt~~r-4cs. ~-he1h¢t duc ot, ifol* o~ I~r lht rr~turatwn of ~aK1 ~mpruvrmrnts. In rvrnt of bss Alortga~ur M'III j~1YC immrdutr nuticr by rtwil 1u thr AfurlKaaa~'w~Mu may makr pruuf~o( lot~ ~f noi mxir promptly by ~t~:rtK:-~.~ atRt ~cb i~ty~pn~Y rumpany cun~tnxd is hrrrby authonzeQ and J~rectr~l lu makd paymrM fu~ wrh lu~s Wrcc11y tu MurtgaErr ~mlrad uf ~t~,r~Kagur. ~2-Tu ~a~- all la~es and sprrial a»csun.nta of any kind thal Iwnr btrn o~ may bc krkJ u~ a.sc~x~upun ~swl prcmiics, ur any pa~t therrof. 13) lo !hr rvrnl of dctault by Mortga~tor unJer Paragnph~ 1 ur 2 atwve, \lunga6rt, at it~ optwn Iw•Aethrr rkcUrqe to ~rclur thr v-~huk inJablcdnrs. cerurcd hereby .Iu; ~nd rullrctibk ur outl, may lal rfi'ec1 Ihe ~nwran~Y abuve provwlyd for anJ pay Ihe teswnabk prrm~um. anJ chargeti thrrefur. (bl pa~• all uid Iaxe~ and ~~~r..nxnl~ aUhoul drtrrmin~nE the val~d~ty thrrrol, and Ic1 pay wrh Ikn+ anJ rll wch di.bur~rm~nl~ ,hall br Jerm~J a pan of thr mdrbtrdnrs..rru~rd by ih~. ~lurtgaite and chall be immediately dur and payahk by ~torlgagor to Nott~LCre. 141 To krrp Ihr buiW~n~~ anJ utlnr ~mprurrment. now or hrrea(te~ .~rr.trd m~~ cund~uon and rtpair, nut to commi! or ~ul'ftr any Na~1r or any u+r of wKi prcim,r..untrap~ to rr.lnrhun ut rc.urd or .uAtrary to I~w-, .~rJ~nan.•rs ur rr~tulationc of proprr publ~c authonly, and to prrmh Nuttg:-gaY tu ~ntrr at all rr~.unablr hmr+ tot lhr purpu~r of in.prctin~t thr premne., nol <<~ rcmove ur drmoti.h any bwldin~t tl~rcun; to compkte with~n Onr Nundrcd k~ghty ~ 180~ Uay~ or rc.tore prumpUy and in a~tixxl and wotkm~nGke manner ~~~~ tw~Wing whKh may be cw»trwtrd, JanwgrJ ur ~kstroyed thrreon anA to pay, whrn Jur, dl :lum. fur labur prrfurmed and matenal fu~n~chrd thrrcfot. ~~ ~ Ihat thr timr of p:~ymtnt of thr mdebtrJnra~ hrrrby xtiurrJ, or uf any poruun lhrrcuf, ma~ br ~~t~ndrd ur mnawrd arnl any portionc of Ihr prem~ses h; rr~n drxribrd may, MIIFIOU! f10U~Y, bt rrkaarJ from thr lirn h~rruL w~thuul rrka.mg i~r afferUng Ihr per.unal habd~ty ot any ~rnun or corputrlion fot the ;,nmrnt of ~aiJ mdrhirdnru or thr licn uf this instrumrnt upon tht trm:undrr uf .aid parn~.r. for thr full amuum of ~a~J ~ndrbtrdnr.s thrn rrmammg ,nE~~iJ, aoJ nu rhangr m tlx oNnrrship uf +a~d prrm~.r, ,hall rcka.r, rcdurr ot othrrw~.r a(f~ct rn~ wrh ~xr.unat I~rbdity un thr lirn hrrrbp irrated. I61 : t~~~ Fk u~rvrd uf thr prcmnrs in fr~ ~impk anJ ha. K~wd anJ lawful rqeht tu ronrry thr vmr, anJ th~t hr dur. hrrah~ futrcrr warranl rrxi w~ll forcvrr .t, i.•nd thr ~itk and {wssassion thcrrof :~a~nst thr lawful clr~m. ul any arn1 all {+.r.om whal~urvrr. I I IS ~IUTUALLY AGREf.D T{1AT: 111 If the said Mur:6agor shall fail o~ negkct ~o pay ~nslallmrnn on'`sajd Promissury Not~ ur on an~• other advance ot ~~i~i~~zauun wh~~h may br secured hrerby u the samr may herrattrt becumr dur, o~ upon default in prrformae~ of any a~ermrnt hrreunder, or upun uk ur ,~t:, r dnpuc~lion of IF~ prem~srs by Murtga1tor, or sfauld any action or p~orrrding be fikJ in any court to enforoe any lien on, claim against or intercst ~n the pr~ nn.rc, thrn all wm~ ow~nE by tix Mortgagot to thr ~tortgageY under 1hi> >tortgagr ot urtder tfir Promicsoh Note ~srcured hereby shall immediataly berome Ju~ :md payabk at the option of the Mort~re, un the app6catiun of the ~tortgagee ur as~i~xe, or any person ~yhQ may be,cMitkd to the monies due ~h~r.•un_ In wrh erent th~ \tortg~tee shall have Ihe ri~ht ~mmeJiatrly to foreclose tliis~~lNo?fEa~e accord~pg to Ia~•-fo-`tbe colk~lion of Ihe whok amount of ~hr indebtedness and intcrcst thereon plus rcuonable attorney'. fees ~nsts a1low~ed by law and any amouMs~dvanted purwant to this Murlga6e. ~' ~~fortgaltor agrees to wrtender posscssiun of thr h~re~naburr JrxrilxJ prem~~r~ to the Pur:hr.er al thr afurc.aNf sak. ~mmrd~atrly aft~t wrh sak. m the ~~~~~:t c~ch possrasion hu nol prcviousl)• bern wtnndrrtd b~~ ~fortgagor, uK1 fur fadure tu wrrrndcr pu..r~s~un, w~ll pa~• to Putrha.rr Ihr rrawnable rcntal ~,lu~ uf ~he prtm~srs durinE or after Ihe ~rdrmptiwn prnod. +~~ In the event said p~emises ue soW b~ Mortgagee, 11ortRagor, if a signer af the Promissory Notr, shall be liabk for any deficiency remaning after sak of the F~crm~sts, and applicatan of the proceed: of aaid sak to the indebtedness srcurcd and to the expenxs of conductin~ said sak, includina attorn~y's [ees and Icaa1 r~p~nsrs if allowed by law. ~ a i H henever, by the tetms of this instrumrnt. ~tottgaaee is grven u-y option, wch optwn may b~: exerr~sed whtn the right xcrues or at any time thercatter, .,n,i no acceptance by Mortgagre ot paymrnt of indebtedness in defautt shall ronstitute a w~arver of any default then existing and rontinuina or thereafter .;,_. rwng. i~ ~ I f Nott~or shall pay said Promissory Note at Ihe timc ami in Ihe manner aforeuid and shall ~b~de by, comply w~th, and duly perform all the covenants ,r~,l :~greements hercin, then this ~~onveyance slull be null and vuiJ and Mortaaaee will, within the statutory period aftet written demand thete(or by ~;~,itga~eor. execute a rekax or satisfaction of this Mortpsr. +6~ NotwithstandinE anything in this Mortgaae or the Promissory Note securcd hercby to the contruy, neilher this Mortgaae nor said Promissory Nute ehaU be dr~~med to impose on the Mortsa6ot any obli6ation oi payment, ezcept to tAe extent that the same may be kEally enforceabk, and any provision to the .~~r~ruy shaU be of ra (orce or efkct. ;1 i Ap ~fort6aaon shall be jointly and severaUy liabk for (ulfillment of their covenants and a6reements herein contained and in said Promissory Note_ ~ K~ t f any Ikbtor is a married person; he rcprexnts and wurants that this instrument has been executrd on hu behaU, and that he hu not executed the same as .urrt~- for another_ ~yl tach of us, whether Principal Sunty, Guuantor, Endorser, or other puty hereto, hercby waires and renounces, each for him~elf and family, any and aU h~ ~me strad or ~xemptan rights m'the property conreyed herrunder, either of us have u~der ~r by virtue of the Constitution or Laws of any State, or ot the United S~3[tc, or any riaht in lhe naturc of dower or curtery, of any stawtory substitute therefor as aaa~nst this debt or any rcnewal thereof_ ~ lu1 In the erent the Mortp6or~s) tnnsfet(s) the ownership of the said prcmites, or any put thereof, the entire unpaid batance of the dcbt secured hereby shall ~mmed"utety become due and payabk. ~I NAR 17 PN 2~ 16 F~~E~ eNc c~wP-~to ST. tUC1E CGU~ T Y. F~~- ROGER POITRAS CLERK CIRCUt1 C0~'PT r ~~CFt~'.`. ~: .~ ~-- pi ~,.F i - w A a O ~ .. .^,~. . ~ ~ ~ ~ 1 i ~ ` : ° ~ ~ ~ ~ ~ ~' O ~ 1 ~ ~ o . 1 ~ T ~ ~. a C A ~ ~ 4 c C- ~ ~ ~ b ~ ~ ~ ~ ~ ' ~ ~ =~ ~ ~ ~ ~ ~ ~ r _ Q ~ ~ O ~ ` • S ~. _.:!«S t;, '... ~ - ~ . .. .y _ - ! . ~ ~ 3 .- ` ~ 0 r ~ ~ ~ ~ ~1 ' ~ ~ > ~1 , ~ ~„~Al~ ~~~ *,3~~t~t~~ ` _. ~~ ~ ~.~~~~¢~~~