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Home My WebLink About0951 r.. _ _ _ i ~ . ~ - . _ f_._..,, • ~ ~ ANO N~ soid Mort~oga h~?~by aov~noe~?~ and oo~~~s wiM tF» ioid Mort~aq~~ o~ fdbws: . FptSTs TAot fM Mortpoqo~ is lowfullr s~i:~d of IM obov~ d~xrib~d p?~inis~s in f~~ ~impl~ ond hos pood ri~ht b wll ond conwy IM son?~ 10 1M Mortpoq~~ fhof tM iaid pnnws~ or~ fr~ ond disdwrq~d of ond fron~ oll tox~s~ to~ tiN~s o? c~Ailkof~, judpin~n~s, ~ned~ani~ s li~ns cnd ~ncwnb~onas of any no1w~ or kir+d whotw~v~. and Mot 1h~ Mo?tpaqo~ w~l fullp wo~~oM and d.f.~d N+• :am. ro M. Mor~pop~•, opoi~t th~ lowful doi~s ond d~nronds of oll p~rsons who~nso~v~~, ond will mak~ wd~ fu~M? ossuronas M pe~f~ct fe~ simpl~ tiNe ro soid land, in tM Mortyop~~, as may r~asaable be requir~d, a~?d will pay IM sev~ral w~s of ~a+er a~~eed in Mt soid no~t to b• poid and oll instolln~ents of principol ond interes~ Mereo~ promptly when due, ond • oaord'a+q ~o N~ ~ruc tee~w and eff~ct of ~h~ soid ~ot~. SECOND: Tho~ ~he Mon9a9~ w~~~ PaY oil ond :inyula~ Me foxes. ossessme~ts, levies, and encwnbronces of every nature on the obove described prop~rty, and upon this mo?tga~~ and note, o~ the naney setured therebr, before delinquency the~eof ond ?eteipts evideecin~ parmenf of soid taxes, ossess~nents, levies and encwnbronces shcll be deposited with Me Mort9cgee on or before MercF+ lst of eoch suaeedie~ yea~ dv~i~ the tenn of Mis mort9age; and if some be not promptly paid when dve, the Morf~aqee moy (wiNwut obli~ation to do so) par the some, or becane purchoser,of a~y lowfu! evidence thereof, or ce?tiRcate therefor~ wifhouf waivin~ or ofFecting any ~ighf hereunder and in this nwrfya~e, or the wid ~ote which Ihis mortga4e secures; and such poymanh o~ expendilures so mode shall bear interest from Me dote thereof ot Ihe rete of ~~,~t l~gdl mfi~ - per anrwm. THIRD: That the Mortgagor will keep all real ond personal property eow or hereafter encumbered by the lien of this mongcge i~nured as may be requi~ed from time to time by Me Mo?fgoqee ogainst loss by fi~e, windstorm ond other hazcrds, cosuolties and continpencies for wch pe~iods and for not less thao wch omounts as moy be required by the Mortgogee and to pay promptly when due all premiums for such inw~ance. The amarnts of wcfi irnurance reqvired by the Mortyogee ore expressive of ; o~Jr ~he n+t~mwn onwunn fo? wh~d+ so~d insurance slwll be written and it shall be intumbent upon the Mortgagor to maintain wth additiawl insuronce os may be necessary !o meet and canplr fully wifh all oainsurance reqviremenh contained in said policies to the ead Ihot said MoMqagor is nof o to-insuror the?eunde~. Msu~ance shall be wriHen br a tompany or tompanies opproved by the Mwtgagee and all policies ond renewols thereof shall be held by ihe Mo?tgagee. AN detoiled designotioes by the Mort~a~w which are aaepted by Me Mott~a~ee end all-o9reemeols between Nbrt~a9or and Mortgagee relatiny to insura~te, now existing or hereaker mode, sholl be in w~itu~y and shall be o paA of this mort~c~e a~reement os fulty os though set forth verbatim herein ond shall govern bolh parties hereto and their waessors and ossiq~u. No lien upon ony of soid policies of inwronce or upon any refimd or retum premium which moy be payable on the cancellation or termination fhereof, shatl bc given ro other than the Mort- gayee, excepf bY Prope~ endonemeM effiaed to wch policy and approved by Mo?tyagee. fach policy of iosurance shol) hove afFixed therero o Standord Mwt~a~ee Clause aaeptuble ro_ the Morlgo~ee, making all loss ur bsses unde~ wch poticy payoble to H+e Mortqogee as its interest may oppear. In Ihe event ony wm or wms of money become poyable the~eunde~ the Mortga~ee shall Iwve Ihe option to receive and apply Me some on aaount of the indebtedness herebr sewred, or to permit the. Monyagor to ~eteive ond use it, or onr part fhereof, wifhout thereby waivinq w impairing aoy equity, lien or right under and by viHue of this mort~oge. In event of bss or phrsital damage to the mortgoged properry the Morfgagor shall grve immediate notice thereof by mail b the Mortqagee ond fhe Mort~agee moy make proof of loss.if fhe same is not mode prompNy by the Morfgogor. In event of foredowre of this narfqaqe or other transfer of tiNe ta the mortQaged property in extinguishment of ~he ir?debtedness secured t heceby, oll riyht, tiNe and inferest of the Mort~a~or in ond to any inwronce policies then in force shall pass to the purdwser or ~ groMee. Upon ony defouh thereof, fhe Mort~agee moy (but without obligation on its pa?t so to do) ploce insurance on wch ; buildings and pay the prNniwn and chor~e wtfi wms so poid to the Morfyagor and wch sums of money s~• paid shall bear inte~est ~ fran the date of payment ot fhe rote of t~ E'1~~> >"atP per arvwm. ~ fOURTH: Thot all wms of naney paid or ceused ro be peid br the Mortgagee under the terms of this mc~-~goge and herein specificolly provided for, and induding any expenses incvrred br the Mongagee in collection of the sum secured by ~his mortgaqe, ~ ~ shall be corered by the lien of this nwrtgaye, fhe same as the sums of money represented by the note whicfi this mortgoge secvres. E ' , ~ ~ HFTH: To permit, tommit or wffer no waste, impoinnenf or deterioration of said property, or any parf thereof, and upon the failure of the Morlga~or to keep the buildinys on soid property in ~ood condition of repair, the Mortgagee may demond the immediate repoir of soid buildin~s, or an irwease in fhe ortwunt of seturif~?~ or fhe immediate repayment of tht debt hereby setured, ond the failure of the Mo~tgagor to tanpt~? with said demand of fhe Mortgogee for o period of fifteen (15) days sholl E constitute a bread~ of this morlga~e, aod, at fhe option of the Morf~agee, immediotely moture the enfire uopeid principol and ~ interest hereby sewred, ond fhe Mortqagee may, wiNtovf notice, iosfitufe proceedings to foretlose thi: mortgage, and opplr for ~ the appointmenf of a receiver, os hereinofte~ provided. SIXTH: Thot the Mo~tyoqor hereby promises, wvenants ond agrees to pay the sums of money ond interest as mentioned . in said promissory note, together with anr and cll other wms jusNy due and owing the Mortgagee by tfie terms Merein, and setured _ to be paid os stated therein prompNy when dve. If default shal: be mode in the parment of the said sums of money w a^y Pa~t t thereof os provided in the said note or lhis mortya~e, or if the inte~esf that may betome due thereon or any part thereof shall be ~ in default and unpaid for a spoce of fifteen (15) doys, or should the Mort~agor breach or fail to comply with any other covenant or ayreement on the paA of fhe Mortqagor to be complied wiM (in those cases in whicf+ the option of the Mortgogee of occelera- ~ lion is not ofherwise eapreuly provided herein) ond wcl~ breach or na~-tompliance continue in existence for o space of fifteen (15) days, then and fran thencefo~th, at the option of the Mortgogee and without notice to the Mortgagor, the whole of soid principal . ~ swn expressed in said note, fo~ethe~ with ell other wms therein os well as herein provided fo?, shall become immedialely dve and ~ payable, wiMwut notice to the said Mort~a9or. € SEVENTN: Thoi in tose it should become netessary to place this mort~oye artd Me note secured hereby or either of them, ~ in the honds of an atto~ney for tollection, the said Mort~agor covenants and pgrees with tfie Mortgagee ro poy all cosls, charges ~ ond expenses of wch colledion, includin~ reasonable otton?er's fees whether collected by foredosure or o~herwise. ~ . ~ EIGHTH: Tho~, in the event any wir is brouyht upon this mortyo~e, whether to fo?eclose it, to refosm it, or otherwise, ~ and~ or to enforce porment of ony daim hereunder, the Mort~ayee mar opply to any court having jurisdittion thereof for the appointment of o raceiver of soid mort~a~ed property, os well os the income, profits, issves and revenues Mereof, and the said _ ~ ~ ~ ~ - ~ - ac,ac'~ ~acE ~ - ~ - ~ ~ . 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