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Home My WebLink About0952 I. All yas, staam, water and other heating, a~oking, refriyeratiny, plumbing, ventilating, irriy~ting and power systems; and all appliances, furniture, fixtures and a~p~ tenances, includiny air-conditior.ing ducts, machinery and equipment, which are now cr ~nay hereafter pertain to be used with, in ~ on said Land, though they be either detached ~x~ cietachable. J. A11 of Mcrtgag~'s riyhts to f~ther encutt~er the Larxl fcr aebt. Th~ Land ar.d all property and interests ciesc~ibed cr referred to above oonstitutes and ~ill hereinafter be referred to collectively as the "Mart~aged Premis~s". TO HAV~ AND 'PO HOLD the Ma tgaged Premises unto the Mortgagee and its successors and assiyns f~ever . AND, Mar tgagor covenants with the Mar tgagee , that M~'tgaycr is inde feas ib ly se i zed of the Mortyaged Premises in fee simple; that the Mcxtyaga has full paaer and lawful riyht to c~~nvey the Mortgayed Premises in fee simple; that it shall be lawful for Martgayee at all times peaceably and quietly tA enter upon, h~old, occu~y ar.d enjoy the Mortyaged Premises; that the Mxtyac~ed Premises xe free from al~ enc~nbrances; that Martgagor will make such . further ass~ances to perfect the fee simple title bo the Mrst~aged Premises in Martgayee as ;nay reasonably be required; and that I~crtgagcx does hereby fully warrant the title to the ilortgaged Premises and will defend tt~e same ayainst the lawful claims of all persons w hansoe vet' . P~JVIDED, ALt~?YS, that if the [~rtgagcr shall ~.~ay unto the Mcrtyag~, its suocess~'s cr ~ssiyns, the sum of mx~y mentioned in that oertain Pranisscxy Note of even date herewith ( the "Note" sec~ed hereby, made payable to the ~der of and delivered to the Mor tgagee , i n and by which said Note the Mx tgac~ promises to pay the pr i nc i pal sum of SEVENTY TWO TiiCxJSAND AND NO/100 DOLLARS ($7"1,000 .00 ) or sa much thereof as may be advanced, with ir.terest thereon at the rate provided in said Note with a final payment of the unpaid incipal balance and accumulated interest due and payablE two (2) years from the date 'nereof, and shall pay all other suns ~ovided to be paid by this M~'tyage and the Note, and shall perfarm, ccx~ly with and abicie by each and every a~e of the stipulations, agreements, conditions and covenants of the Note and of this Mortgage, and all other collateral ir.struments sec~ing the Not~e, if any, then this Mortyage ar.d the estate created hereby shall cease and be null and void and this instr-unent shall t~ released by the tricrtgayee, at t`~ cost and expen9e of the Mcrtgagar . AND MOKTGAOOR QOVENA~lTS AND AGREES AS EULIAWS: 1. Defir.itions. Whenever used in this tiScrtgage, unless the context ~learly ir.dicates ~ contrary intent: ~ (a) Tt~ ward "Mort~agcx" shall mear. the person who executes this Mortyaye; any E ~:~sequer.t owner of the Mrx.t~ayed Premises; any endcrser ~ guaa~antcr of the Note; and their ~ ~_aspective heirs, executcrs, aci~?inistratcrs, s~x.~cesscrs, and assigns; ~ (h) The wcxd "Mortgagee" shall mean the person specifically named herein as ~ "M~xtyayee" or a^.y subsequent holder of this twrxtgage; ~ ~ (c) The wrxd "persor:" shall mean ir.dividual, carpcraticx:, partr~ership ~ ur.incor- .,s-ated associatior:; ~ ~ (d) The use of any :~erder shall include all yer.ders; ~ (e) The sin~ular number shall incluae the pl~xal ar:d the plural the singular as ~ t~ context may require; ~ ~ {f) If Mcrtyagor be mre than ane person, all ac~eements, cor.ditions, covenants, ~ ;;>_-ovisions, stipulatior+.s, pawers of attarney, autharizaticx~s, waivers, releases, options, ~ ~ ~~ndertakings, rights and benefits made ~ given by [rfcrtgagor shall be joint ar~d sev~erai, an ~ -st~a11 bind and affect all persons who are defined as "Martgagcr" as fully as though all of ~ t~~m were specifically r.amed tnrein wherever the wixd "Mcrtyaga " is used; ~ ( g) Tcie word "Mar tgaye" shall mean this ciocunent ar.d the Secur i ty Doc uments of ~ .~~~ar, date herewith, between the parties hereto; r ~ ~ (hl "Sec~ity Doc~rnents" shall r~an any and all other cbc~ments rbw cr hereafter1,`~. ~ i~~latir.g to c~r sec~u in~ the repayment of the loar,, the debt fc~r which is represer.ted by th - •~,~te. ~ ~ l ^ ~ ' li~~ r. ~ p1~',~(`lVCJ f'~ut (7W `I ~ - ~ ~ ~ u ~ > , , . x. ~ ~ .