HomeMy WebLinkAbout0813 Md taW Mort~~qon, tor ehemti~lv~~ ~nd ~hNr heln, ley~l np~~s~nt~llve~, tucut~or~ ~nd •ti~n~. Mr~by ~ointty ~~~d s~drr~lly cor•sn~M end ~gras
to and with tM eeld N.ORTGAGEE, it~ wtca»or~ ~nd •tstqnu ~
1. To pay ~N and ~Inpulu 1ha pr(rxtp~t •nd int~rr~t ~~d fFa wrlou~ and •undry ~um~ of mcn~y pay~blo by virtua of ~~id proml~wry not~, and thl~ ~
mort9iQa, each •nd ~wry, promptly on ~he d~yi rasprctively th~ tim~ ~ewtally ksecom~ dw. ~
4. To psy ~II and atnyvlrr th~ t~xes, ~s~essmsntf, I~vle~, Il~bilitta, obl~p~tto~• •nd ~ncumbr~nc~t of ~v~ry natur~ •nd kind now on •a!d d~scrib~d ~
proFtrty, or th~t Mreafur m~y b~ Imposed, wffe~ad. pl~tcd, I~vied, a~uosied tha~eon, ov tMt Mr~ifi:r m~y bo I~vNJ or aue~tsd upon thl~ Mortg~ j
pa, or tM tndebtedn~tt ~ttvred hereby, euh •nd ev~ry, wMn du~ and p~y~ble, eccwdinp ta I~w, befor~ thty bttom~ d~linqutnt, ~nd b~iar• any inttr~~t 3
a11~cM~ ot •ny p~nalty i~ incurtedp AND INSOFAR AS ANY TNEREOF IS OF RECORD THE SAME SHAIt BE PROMPTLY SATISFIED AND D15CNARGEO OF ~
RECORD AND THE ORIGINAI OffICIAt i)OCUMENI (SUCH A5, FOR INSTAN~E, THE TAX RECfIPT OR• THE. SATISPACTION PAPER OfFICIAtIY ENDORSEO i
OR CERTlFIEO) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TfN DAYS NEXT AfTER PAYMENT, and ~n Ihs avent that any the~eof is not f
paid, ~at~~fied •nd dischuged t+id MORTGAGEE m~y ~1 any tima pay the •ame or •ny part thrreof withoul waiving o? atitclinq any option, iten, eq~ity u t
.Iph1 undtr w by virlue ot thic mortgage •nd the !u!1 amoun! of e~ch +nd avery ~vch psymenl sh~ll be immediately dve •nd payabl~ ~~d ~hdl beu inler~tt ~
lrom tfie dats thareof uMil psid at r~ta of ~19ht per centum par annum ~nd toye~h~r wi~h tvch intart~: ~hall be ~ecv~cd by the Ilen of ~h:~ ma~qufle.
, To pl~os ~+d ca+tkwovsly Iwp on tM tsulidlnp~ ~ow or Mr~aN~t ?itvat~ on s:id bnd end on ~11 ~qutpm~m ~nd p~nomlly cowrod by thTa mo?tp~ ~
p~, witfi all pnrt+kxnt tM~wn paid in fvll, f(r• Meur~nt~~ trt tM wuil tt~ndard polky fwm, In •~um ~pprovsd by tM MORTGAGEE, ~nd wind~torm Y
In~x~r+a !n fM wwl ~tu?dsrd polky forn+,, in a wm ~pprov~d by tM MORTGAGEE, (n •uch company or tomp~nt~~ u 1M A10RtGAGEE may ~
' dtr~ctf sr?d sll flr~ and wkxbtorm {ruvr~na polki~t or~ any of ~ald ibulid~n9~, any int~r~il thtrsln or part theraof, !n tM spyr~pat~ ~um afcx~uld ot
ln ~xau tMt~of, tMit contatn tfw v~val ~t~ndard mutpsQ~a dsua a~uch o~Mr tisuH the Moriyaqt~ m~y roq~ir~, m~king ~h~ IoN und~r aid polh ~
• cfn. ~ach snd' w+ry, paY~bl~ Io ak! MORTGAGEE a~ it~ Int~raf may apptar, ~~d ~~ch and ~v~ry •uch polity ihall bt promptly ~a.9n~d rnd deltv~r~d to
~ny Mld by uid MORTGAGEE a fu~tMr secu~ity to uld mortflsqa dtbt, ~nd, not I~a th+n tan (10) days In +dvena of 1M expir~tion of each pol{ry, to ds~ `
~ tivN to a!d MORIGAGEE o nn~w~l lherwf, fayrtF+K with a r~alpf for 11» pr~mlum of ~uth t~n~walj •nd Ihen sh~ll be ~o fir~ or vrind~ta~m Inavranc• ~
pl~nd on u+y of ea{'d bulWirq~, any Interht th~r~tn a part th~rwf, unl~i~ in tM form and wtth tM tos~ payabl~ atoresaldl and in 1hs ewnt any wm i
~ of m«»y b.com•• pay.bt• und.r such pol~cy ar po1K~a ~aTd MORTGAGEE shall hav~ tM option to rec~iw and •pply tM urr~ on account pf ihs (~dabled-
n+a s~tur~d Mr~by or !o petmit uid MORiGAGORS ro ratelva and vH It or any part thereof fw other pwpose~, without th~reby w+tvir?~ or imp~in
~ Mq ~ny pviry, Ii~n a tiQh~ vnd~r or by vt~fw of thls mortysyej and (n tM ~v~nt ~td MORTGAGORS iMl) tw ~ny rtasoo fNl to k~ep tfi~ ~~Id pr~mifa~ w t
trnw~cl, cx bti w d~llwr pramp!!y any of sald politi~s oi Inturatx~ to ~aW MORTGAGEE, or fail promptly io pay fully any premivm tharefa a in ~ny .
~ nspect f~tl w p~~iorm, dt~charp~, ~x4culs, ~Hec1, compl~t~, comply wlth ~nd abidt by thit cownanf, or ~ny part h~reof, said MORTGAGEE m~y p)x~ ~and j
' pay fa sud~ kawux~ u~ny part tMnof withovt wsiving or ~ff~ctir+Q anp op~ion, Il~n, tquity, a rlyht unda a by vl?iw of tht~ Morly~qa, ~nd tM
full ~nt of ~ach~Hrd ~wry wch p+ym~nt ~hall b~ Immedt~tely dw snd pay~bls aod sMl1 b+ar ~ntor~st from tM d•t~ tMreof vMll p~td ~1 tM rat~ ot
nkw p+r esntum pK eru~vm and toy~th~r with wch (nt~rwt shall ba atured by tM ittn of th4 mortyipe.
- d. To pKmM, oortr++it or svff~r no wut~, 4npakm~nt ot dtt~ria~tion of ~ald prop~rty o? any part tMr~of.
~ S. To p~y ~II and sinpvl~r tM cwh, d?arpa ~nd ~xp~rs~, t+xlvdinp a neaonabb ~ttar»y'~ fN ~r~d co~b of ebinsch of tltl~, kxvrnd or paW a1 .
«+y tlerw bp ~+ld MORTGAGEE, bec~vs~ or in tM ewnt of ttw t~ilvro on tM E.+n of tM aid MORiGAGOR to dvly, promptly ~nd fvlly psrfam, dixMrp~,
~xstvl~. ~ffM, oompl~t~, comply with and ~bide by ~~ch ~nd every tM s~tpulattoru. aqrHnwnn, coedidaa, and cawntnn of N{d promiswry not~ end thk
n~o~9pap~ aey or ~tt!?K, snd Nid aan, charQH arul ~xp~nH~. ~~ch and av~ryr, ~MII b~ Imrrwdi~t~ly due u+d payabto~ ~vMtMr or not tMr~ b~ no~k~ de~
~ mux~l, att~mp~ to coll~ct a wit plndinpr u?d tfi~ full amovn? of ~sch and w~ry such paymant ~ha11 be~r Iro~rht from tM d~t~ thsr~of untll paFd at tM
rat~ of ntc» p~r centum p~r annvmj ~nd all said coa~s, charQ~~ ~nd exp~n~~s Incvrr~d a pald, foQstMt with tuth Int~tat, shall b~ tat~r~d by tM (isn of thL
~4+~
ba That W ln tM w~++t of any 6~a~ch of thl~ Mortya~ or d~f;ult on ttr p+rt of th~ MORTGAGOft, or (b) I~ tM ~wnt u~y cf asid wmt oi morwy
Mt~b? r~r~a! to b~ not prompNy and fully p~{d withM tfilrty (30) d+ys ntxt ah~r tM ~~rtw sav~rdir b~car+~ dw +nd p+y~bl~, without d~rtmar+d or notks,
a(cj in fh~ rwnt eacl~ ~nd rvery itw itlpUl~tk~rn, ~r~rt~ent~, corxlition~ and coa~nanM of ~aid promiNOry eo1~ and thi~ mort~a~ ~r?y or ~ItMr ae~ no~l
~ulr, promptiy and fuliy p~rfam~d, dlacharp~d. ~x~cv»d, aff~chd, compl~ted, co+npli~d with ~nd abidrd by, thsn (n ~(tMr or ~ny ~uch ev~nt th~ ~aid sp~
pr~q~t~ wm rt~+tbn~d {n s+id promiuory not~ thsn r~maininy w+p~td, with lnraat aarwd, ~nd all rtwrnyy kcund Mnby. ~M11 b~com~ dw snd pay~
~ ~hl~ /onhwifh, or tMrNftN, ~t th~ optlon of uid kWRTGAGEE, a fvlly u~d compl~tsy a if ~II of tl?e s~id ivms of nwnsy w~ro ori~inallr aHpulated
. ro be p~1d on weh d~Y, anythir+y In ~aid promis~ory ~ot~ o? in tfil: Mortpaq, to t1w ea+trary notwitlut~ndirp~ a~d thKaerpon o~ tMt~ahn ~t tM option of
wid MOR~GAGEE, wlthovt notk~ or d~mand, wit +t I~w or M~q~ity, tMrefor~ or tMr~ah~r bpun, may E~ prowcut~d a~ if ~il mornys ~curd F+xsby
Md n»tw~d prior ro fh In~ritvttoe+.
' 7. That M tM ov~M that at tM bs$Mntrp of or at any tim~ ptc~dinp ~ny wit upon thb Mort9+g~, or to for~cloa~ k, or to rsfam k. a to enfora
~y~nt of ~ny daLnt hKwnd~r. said N~ORTWIGEE chsll ~pply to tlw Covrt Mvir~q (v:lsdiction tMrsof for tM sppc?intmsnt of ~ R~ceivH, wch Covh sMll
forthwlth appofnt a r~toivtr of said monys~~d property sll aed dnyulsr, irulud~np all and drqvlu tM incom~, profite,. bwn ~nd nvenws fran wfi~tw~t
~ aouta d~riwd, ~ad~ and tvery of whitFt, it b~t~p ~xpree~Fy und~rrtood, ii herebr matysp~d a ff ap~tifkaily kt fath and ds~trfb~d in ths qrantUnp and
MbM~d+m deus~s Mrsaf, and ~uch Rx~tver ahall Mw ~l! the brosd and ~ffactiv~ fwxtioe» a~d powen {n anywis~ ontru~t~d by ~ CovA to a R~uivK, ~nd
wc!? appointmtnt ths11 bs rt+~ by wch Co~?rt ~a u~ ~dmittsd ~quity snd a mrttK of ebwivts ri~M w ~aW MORTGAGEE, ~nd withovt r~fK~nct to tM
•dpwty a irudequacy of th~ wlw of tM prop~rty mortQagfd or ta tF» ~ohrrnry a knoir~ncy of satd MORTGAGOR a tho d~fendar+h, end tFat suth
rsnts, prof7b, Incorr», Fsaws and t~v~nwa ~hall be appltsd by ~uc1+ R~ceiwr ~cotdinp to th~ IIM or .quitp of asW MORTGAGEE u~d tfN pnctiq of wch
. Cour~
, 8. To duly, pranpNy and fulty perform, discharyt, ez~cvt~, a(fM, compt~ts, oomply with snd abid~ by ad~ and tvsry tM ttipulstlons„ prNntutri,
owwlitiona ~nd ooreneets in uFd pror?~tssory not~ ind thia mortp+y~ sat forth.
. 9. Tbrt Jn t1N awnt tM own~rship of tM mort~ay~d premb~s, or ~y p~A tMrwf, b~com~s vNttd In • ptrwn otMr tl?sn tfis MORTGAGOR, th~ ~
MORTGAGEE. it~ wousiori e~d ~ui~~, rruy, without notic~ 1o tM MORTGAOR, d~al wNh wch wccsuor or wccrsar tn inMrt~t whA rrf~nna b Mb
• enonq~p~ and th~ d~bt Mr~by secured in th~ w»~ ma++nu a with Monppa witAovt In aoy w~y vitiatinp or diseher~inp tM Ma~qapon' Ilal:ilit,r !w~?
~rwl~r a upon tM d~bt F~er~by Ncvr~d. No ~al~ pf tt» prembes Mr~by mortpaQ+d ~nd no 1orb~ara~a on th~ paN af t1+t AAORIGAGEE or In sucas~oes
or a~3pex ~nd no ext~uton of th~ ttm~ tor th~ parment of tM d~bt her~by Ncur~d Qiwn by fM 1MORiGAGEE a f» Mxcawn a a~iQea,, shall opa~t~
N ht~a~~, d'adwQ~, rtwdiip ctwnQ~ a aff~a tM wipin~l Ilability of tM IMflRiGl1GAR F+Ke[n, NtMt In whob or In p~t.
10. h k ~p+clffcaQy aQrNd fhat tTrt?~ h of tM of tfib tontrad ~nd tMt no wsivK of any obliyatbn hKwndsr or of th~ obll~atbn or
cund hK~by ~11 it sny tirtN NKr~aftK b~ M1d to b~ • watv~r of tM tsrms har~of or of tM irnirun»nt Mcur~d hsrby.
. 11. (n additlo~ to tM forpo3~ mo~thlY paYrtxnts of prirx pal Md (m~rest req~ired by t!» p~omiswrr rat~ s~cvnd h~rsby. mat~apo? cown~nta
~nd apr~ea to paY to rtwrtyqM with ~ach monthly paYmont an additDonal sum ~timated by mortg;.fln to b~ puai to 1/12 ef tt+~ ~nnwi cwt of f1w foibw-
Ir~e
A-All rN! proparty t~xr~ {wNd or su~sysd ~yatrat tM ~bov~ d~wib~d r~ai e~tat~.
6-Premlume on firo and wMdstwm k~wr+nc~ u Mrtin r~qvind ro b~ curl~d on tM improv~nwrtb ~~tvat~ an tM ~bovi daulbsd pr~r?INe.
' C-Pnrnfwea on sud~ mon9eW ou+r~ney inswane~ u mat9sQs~ shsll from Ums ro tirtN de+m fh ta arry oo tFw loan evev~~d Mrtbq.
~ Abrtpp« ~hali from tim~ ro tlm~ notify mortyayu M writinq o4 tM amovnt dus ad pay~b4~ hsrwnd~r snd ~ke1+ wm ~hall thwwpon b~ dw ae+d
pey~bl~ on tM dve d~» af tM next rnoothlY WYm~nt ~nd ~acfi ~uccss~iw month th~nahar u~t(I mort9a~ sMtl rati(~r rtw++~por of a cl~any}e ln wch
• ~rr+~ount. Sucl~ wms sFwll b~ ~pplhd by mwtp~ toward tM pa~~~~~a~o~jrty f~x:b i~tw~nct pranivms, ~nd- mort9e~ Ownnh inaxaria
Pami++mf. j~ - -
: IN WffNE~S ~IiEREOf t!w said lMOitTGAGQR Ms Fwrwnto set his h~nd ~nd Nal tM flnt foraaid.
. F ~ " ' °f` FIIED AND RECO ~ED ~ u ~ .
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