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HomeMy WebLinkAbout0326 • ,r . ~ ~ , i TOG~'tHER WzTH a~l addit~ons~ replacemenC~ and impxovem~~ts to any of the - faregoirig~ artd al~ and singular the tenementsf hereditacr~ents ~ad appuxtenances thereto belon~ing, and the rents~ ~ssues.and pxofit$ thereof, and ~lso all the ~state, right, title, intQrest, homest~ad, dower, ssparate estate~ possession, claim and demand whatsoever, as well in law as in oquity~ of the said tubrtg~gor in and to the mortgaged.property and every p~rt~thereof with the appurtenances~ ~ spe~ifically includ~ng all rights and equfties of redemption~ ali of which are hereby expressly w~ived. (All of the foregoing, whether c~nsisting entirely of - ~ real property or ~ntirely of chattels, or of both xeal property and chattels~ is herein for convenience called the "aartgaged property"). Tn HAVE At1D TO HaLD the said mortgaged property and every part thereof unto the Nbrtgagee forever. i . ` PROVII~D ALWAYS~ and this mortgage is on the express condition, that if . ~ _ the Nbrtgagor $hall pay or cause ~o be paid all of the maneys mentioned in said , ` Prom~ssory Note and the interest thereon, all at the times a~d i~n the manner as ; therei~ agreed to be paid~ according to the t~°ue intent and m~aning thereo~, and ' shall pay all other sums provided to be.paid by this mortgagef and shall pesform ~ and abide by all the covanants arxl sgreeaeents herein and in said Note contained, „ ~ then these presents Shall be void and the estate herein and hereby granted shall - . i cease arxl determinee ` ~ . ; ~ s At~D SAIU IdORTGA~'a0R does hereby covenant with the Mortgagee that said ~ Nbrtgsgor, st the time of execution and delivery of these presents~ is the ~ absolute owner of and in possession of said mortgaged propertyf that f~e has a ~ good right~ full power ar~d lawful autharity to convey the sawe in the manner and ? form herei~ set forth; that said property is free and clear of all liens of what- ~ ever nature, except as specifica~ly mentioned herein, and Nbrtgagor fully warrants ~ the title to said property and will defend the sarne against all lawful claims ~ and demancls except from the warranties contained in ~he encumbrar..es heaein ~ spe~ifically set forth. . AND THE 1~R7GAiG0~R does hereby further covenant, promis~ and agree wfth ; the Mortgageea its successors and assigns, as follow~: , . r ; . l. Iriortgagor will ~nt c~mmit any waste~ ox weaken or ia~pair the secwrity of this roortgag~; will pay, prior to delinquency, all tax~s artid assesea~ents levi~d ~ or imposed on said property; will keep the mortgaged property insured in such - ; manner and in such amounts as Mortgagea may require; and wfll not xemabe any . i~ chattels~ if included in this mortgage~ from the premises where they are now ~ situated, without Mortgagee's written consent. ~ . 2. In the event of suit to foreclose this mortgage, IVbrtgagee shall be ~ • entitlad~ as a aaatter of right, without regard to the walue of the mortgaged property or to the solvency of Nbrtgagor, and without notice~ to the appointavent of a Receiver of the nw~rtgaged property arzd the income and prof~ts thereof. ~ , 3, In the everat of Mortgagor~s failure to pay taxes, or ~.o keep the . premi.ses insured a~ r~quired, bbrtgagee may, at i4s option~ but is not required ~ to~ rnake such payment~~ and the sums so advanced shall be repaid by Mortgagor with interest as provided in the Note, and said su~ns so paid by the Mortgagee ~ ~ shall be secured by this mortgage. ~ . S . 4. Zn the event of any default in ths ter-ms of the Note or this ~ aartgage~ hbrtgagee a~ay, at its option~ declare the whol~ indebtedness secured ~ -i hereby to be i~xnediately due and payable. ~ 1 . 5. That no extension or madificatlon of the paya~ents to be made as here- in~bove set forth, and no release of any part or parts of the mortgaged property~ . or of other collateral securicg the above described indebtedness, even though • e~ade without consent of the blortgagor, shall release, relieve, or discharge tha ; 1+lortgagor fran the payment of a~y sums hereby seaured~ and Mortgagee shall have . the right to release from the lien hereof any portion or porticns of the mortgaged ` property, or other collateral held as security for said indebtedness~ irrespective of the value of the released portion~ without affecting the lien hereof as to the ; j . portion or portions not released~ notwithstanding the fact that such rel~ase or releases m~y be ~nade without knowledge or consent of ths I~brtgagor, or of any? ? Grantee or Grantees of pertions of such property theretofore sold. . ~ . . ~ , ~ ~ ' soRK iG3 «~~3~6 ~ . ~ _ ~...3.~,,.~...h~~ . ~ _~_t - _