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Home My WebLink About0940 .2 . r~ ,!{~c)'~~ . ! , t~J . 1: ~ ',~i f,1`~~~ , . _ 1~ ~ ~ 1 u P~OTk(=T THh: SECURITY NEREOI~. MORTGAGOR COVI:NANTS ANU A4RF.~.S: 11) To krrp ~aid premi.r. mw«tif ~am~1 lirr amf w~~h othrt , ~.uall~s u thc Mu«a+rxe mar ~rr.'ua to Ihe full ~lur of all improvrmr~~t. fo? thr prottctwn uf 1Hb~1~a`ae in auch mannt~, in such smountc. anJ in wch . ompanizs as MwtK,~aoe msY ftom, tunc b timc approre, and to krep the policirs thercfor. proprrly cndo~srd. un drposit v~ith Morl~et. snd that !oss E~r~k~eds (kss expenses of colkctwn) shaU, at Mo~t6aare's oplwn, be applied on s~d indebtrJnru, whrlher due or not ot to the ~estoratan_ of said ' ~mprorrments. In erret of bss Mo~t~a~ut wiN Eire immeJate ooticr by mail lo the 11fo~tgs~tis who may make pax?f of losc if nol made ptomptly by ~1~~rtRagot, and .xh insunnre rompany ~-on~srncd is hereby authotuat and JircctrJ to makr paymenC for w.fi lo~. du~tly to Mo?t~aEer ioctrad of - ~lurtXagw. ~21 To pay aU taxes aad special assesvnr~ts af any kiad that t~are been or msy br kvied or a~sesxd upon said p~rm~srs. or any pstt thetrof. I3) In !hc cvent of de(ault by Mortg~gor unde~ Pua~spha 1 ur 2 abovr, Alutlaage~: at its option (whrthe~ rkclir~ to declare the w•hok indebt~dnrss securcd hereby .tur and colkctibk ui not), may la) efkct the inwran.Y above p~ovidrd for aml ~?sy the reasonabk premiums and ~har6es Iheafor, tb) pay all ~aid taxes aod ~.K,cmrnls w•ithout drtetmininit Ihe validuy thr~eol, and Ic1 pa) wch I~rns and all wch disbunements shalt be Jr~med a parl of the indebtrdne:s se.urcd by ~h~. ~tn~t~ta~e and shall bc immediattly due and payabk by Mottaagor to Mo~t~taEce. 141 To kerp the buildin~. and othr~ improrrmrnts nuw or hereafte~ ~ r.•: ird in good rondilion and repair, nol to ~ommit or su(fer anp v?aste w any use of ~~d pami.r. cont~ary !o rcstrict~on ur rerord ot contrary lo law•s, .~r~inan~~s ot tegulttions of ptopet publi~ authority, and to permit ~tortEag~ee to rntc~ a~ all rcawnablr timr. fur thr purpo~e of i~.pectiaa the premi~ec, not nmore ot drmoGsh any ~uildina theneon: to compkte wi~hin One Hurnircd t.i~hty I IM01 Uayc ur oe.turc pwmptly and in a Eoud and w•orkmanhke manne~ .~n> twildinE whhli rtuy be construrted. damaard or destroyed thrreoo and to pay, v?hrn dur, all clxim. for labor pr~formrcl and matrrial furnished thrrcfot. ihat the time of payment of thr indebteJnrss hrrrby srcu~ed, or uf an~• portwn thrrrof, may br e~tcnded ur rcn~w•rd and any portionc of Ihe premixc h~;.~n dtsc~ibtd may, w~~thout notict, be trlraxyl irom Ihr liro henwf, w•ithout reka.it~ or affeaUng thr perwnal liabilily of any perwn_or cutputation fo~ the p~> nxnt of .aid inJrMrdness or Ihe liro of this iostrumrnt upon Ihe rrmaindrr of ~aid p~rmi~r. for ihr full amounl o( saiJ imiebtrdorss Ihen rcmain~~ ~.~:~E:~id, arid no rhange ia ll~t ow•nrrship of said pnmisrs shall ~rkak, rrdu~Y or otMtwia a(t'rct ~n~• ~uch prrwnal liabd~ty on thr Iko hrrcby rrcatrd. 161 1 h.,~ h~ is sei~rd of thc prcmisrs m fre ~impk and ha~ gcwd and lav?fu! rqeht to .~mrey 1hr ~amr: anJ that hr dcx. hrrrby forcvtr warnnt amt wiU fotever .trfrnd the litk amf possessioo lhrreof a~tainst Ihe law~ful claim~ o( any and all p.~.ons w•hatwrvrr. ff IS MUTUALLY AGREFD TifAT: `111 I( 1he said Mortga~or shall fail w neEkN lo pay insWlmcnls on said Ptomissory Note or on any other advance or ,~t~l~ga~ion which may be xcured hereby u tbe same may he~eaRe~ become due, or upon default in performance oi any asreement heieunder. or upon sak or ~~ch~r dispositan of the premises by 1Nott~or, or should any action or proceedi~ be fikd in any court to enfo~ce any lien on, claun ~ainst or interest in the F~rcmises, lhen all wms owm~t ~y the Mortp~or to the Mort~a~pee under this Mort6aae o~ umkr the Promissory Note secured hetcby shap immediately bernme .lur and payabk at the option of the Mon~tee, on the applicatwn of the Mo~t~aaee, or assi6nee,-or any petson who may be entitkd to the monies due ~t~~rrun. In such erenl Ihe UtortP6ee shal! Fure the rqtht immediately to forecbse lh~s Mort6a6e arcording to law fot the rnlk~:tion of the whok amount of ih~ indebtedness and interest theROn plus ~easonabk altorney's fees costs albwed by law and any amounts advanced purwant to this Mort6aae: ~tort~ot a6nees to sumnder possession o( the he~rinabovr dexribed pcemisrs to the Punha~rr at the aforruid sak, immrJiatrly aftrr wrh sak. in the ~•«nt such ~ssion hu oot pariously been wneodecrd b~ ~tortEagor, anJ for failure to wrrrnJer posx+~ion, w~ill pay to Purcha~ei thr trasonabk rental . atur of the premises durir~ or after the redrmption period. . ~ 3? In the event said p~emi~es ate soW by #lort6saee. MortEaaor. if a signer of the Promissory Note. shall be liabk for any deficiency nmainina atter sak of lhe ~~rrmises, and applicatioo of the proceeds o[ s~id sak to 1he indebtedness xcuted and to the eapensrs of rnnductin6 said sak, includina attomey's Cees and kbal cvpenses if allowed by law. _ ~ 4 i Wheoever, by the terms of this instrumenl. NortaaEee is Eiren any optan, wch option may_ be ezen-ised when the riaht acctues or at any time theteafter. .,nd no xceptance by U[oit~ee or payment of indebtedness in default shall constitute a wairer of any dtfault then existirta and conlinuina or theteaRer e~~ruin6. . i 5 ~ I f ModaaEot shall Qay said Promiswry Note at the time and in the manner aforesaid and shall abide by, comply with, and duly petfotm aU the corenants .,nd agreements herein, then tlds conreyance shall be null and void and Mott6aaee wiU. wilhin the statWoty period after written dtmand thercfor by ~IurtgaRor. execute a rckase or satisfaclion of this Morl~e. ~ 6 i Notwithstandina anything in this Mort~e ot the Promissory Note secu~ed hercby to the contrary, neither this Mort6aae eot said Promissory Note shaU be ,l~Y med to impose on the Mort~or any obliaation of payment, except to the extent that the same may be k6ally enfon~eabk, and any pmvision to the ~ontrary shaU be of no fotce or eRect. ~ ~ ~ Atl Mort6s~ors shaU be jointly and seve~aUy liabk for tulfillment of their eorenants and a~eements herein rnntained and in said Ptomissory Note. ~ s3 ) 1 f any Debtor u s muried perwn. be represents and warrants ihat this insuument has been executed on his behalf, aad that he has not executed the aame as surety fa anothei. " ; i 91 Each of us. wheUrcr Ptincipal Surety. Guuantor. Endorser. or other puty hereto. hereby waires and renounces, each for himself and tam~y. aay and all i homestesd or ezem~tion tishts in ihe property comreyed hereuader, either of us have under or by virtue of the Constitutan or Laws of any Shte, or of the United. I Scates, or any ri6ht ~n the nature of doaer or curtesy. of any statutory substitute the~efor u aaainst this debt or any anewal thercof. I ~ 10) In the event the Mort~ot(s) ttander(s) the ownent?ip of the sai~ prcmises, or any put theteof, the entire unpaid balanoe of the debt ~ewred hereby shall i ! immedntetr beoome due and payabie. i . - S~190p ~ , . ~ s- ~ = 1981 JU~I 1 I PI! 2~ 2 I . 1981 ~r ~ 2! 33 ~Q_t~i~ t~ ~ ~fIEN ~Fii ccCONt'!:t ~!`rt_ a~i~ i~. sr.~l~~=! co~ti ~ Y a _ :a~~~fRi+s ~ pcnear~i~~t.s ~ C~CY.i(~i~~tT~ T- ^ c:iCi~l:L!Ri.~:I';::;:R7 /l 11pi1ti _ ~ ' ~Qy• ,oo A o O ~ ~ y ~ ~ '~f . - ~ ~ ~ ~ ` ap 4 ~ _ " • - a' q ~ - :~c:: _ , ~ . 7 r y ~ ~ I " . n ~Y ~kj . ` y ~ ~ . ~ ' - ~ ~ ~ ~y . ~l.t j . . . . - : +;j i. . C ~ , . ~ .~,~aa•: , ~ O . - i ~ . . - ~1 ! d ~ ~ ~ ~ . i~ ~ ~ ~ . : c z ` ~ ~ ~ ~ ~ ~ ~ ~ a . ar , o ` • - ~ ~R J 1 PA~f~~'' ~J~ 6~Iti~ tN6'E2~7 - a«~3 ~ :{~viu41 .