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Home My WebLink About0879 nl1r fi~P ~j ~2 9 th~~, munga~tr u~ uth~~ ttan~lr~ uf Utlc lu thc murtgagtd {xopcrly in ckUn~u~~htr.tnl ~~1 thc ~ndch~eTnr~* ~c~u"TaZ1 ~l:cn a!? ~t~r t~~lr ~nd ~nic~rs~ ~~E :he \lurtgaKo~ in and to .+n> ~nsurani a pulic~rc then ~n lo~ce ~hall pa~s t:~ ~hc pu~cha~cr or ~;r~nice. (h) To p~•rlaam. cumpl)' u~th ~od abid~ by cach anJ evcry t~t sttpulal~ons, agrcement:, condet~on> and co~e~an~. in .a~d prum~»~~ry 1 no~e anJ en ih~. drrJ .c~ iorth. j ) Tha~ i( any ~~I sa~d ium~ ut munty hertin refttrrd to bt nut prompll)~ ~nd (ully paid w~Ih~n (~Rctn ~ays ne~~ a(ter j ~he sar~e .c~crally b.come~ due and payah~t,ur ~f each and eve~y the ~~~9ulaUonS, agreem:n~., c~~nd~uon~ and cu~enants oi sa~d prom~s- 4 so~y notc end th~~ Jeed, or e~~hc~, are not fully pc~(otmed, complied w~th anJ abideJ hy, the .eid agg~tgatr sum men~~oneJ ~n said ! " promnsor> n.~te shali becomr dut ~~d p~vat+le (or~hwi~h ur thereat~er at the opuon of the VortRagee as (ully an3 completely a, ~f the ca~J aggrcgatt sum of said ptomi!.sory not~ w~s ong~naily supulated to bc pa~d on such day, anything ~n sa~d prom„sory natt os here~n to the ionu,,r~ nutwuhstaading. ~ ~ ~ 1 That ~n order to acceletatr iht matut~~)' uf tht ~ndebted~css htrehy ~ecurcd, hccause u( the [ailure o[ ihe \1or~gago~ ~o pay any ~a~. es~c~~ment, I~ah~INy, obl~gat~on .n~umbrance upon sa~d prope~~y, as hercin ptovided, ~1 shall not hE ~eies~ary o~ rcQu~s~u that the , mo~~gager +hall f~rs~ pay tho same. . - 2. 'The ~turtgagee may, at his ~ption, and without waiving his right to acceierate the indebtedness heteby ' secured and to [oreclose thc s:~me, pay eith~r before or after delinquency any. or all of those ce~tain obligations t r~quired by the tzrms hereof to he pai;3 by the ~lortgagor for the protection af the mortgage s~curit~~ or for the coi- ~ l lection of the indebtedness hereby secuted. All sums so a~vanced ot paid by the ~lortgagee shali be chatged inta the mortgage account and become an integral part thereot, subject in all respec.ts to the terms, conditions, and . ~ cuvenants of~ the afe~resaid pmmissory oote, and this mortgage, as fully and to the same zxtent as though a part ' of tfic ariginal ~r.debtedness e~~idenced by said note and secured by this martgage, excepting how~ever, that said - i sums shall be repaid the \lortgagee forthwith upon its demanci an~ be in addition to ihe regular monthly install- ; ments pro~~ided by the mortgage note. _ ; 3. That the abstract or abstracts of title covering the mortgaged property shali at all times, during the liCe of this m~~rtgage, remain in possession oC the !~lortgagee and in event of the foreciosure of this mortgage or other ; transfer of title ta the mortgaged propetty in extinguishmen! of the indebtedness secured~hereby, atl right. title ; and interest of the \iurtgagor in and to any such abstracts of title shali pass t~ the purchaser or grantse. - 4. To the extent of the indabtedness of the Mortgagor to the ~9octgagee described herein or secured hereby, the ~iortgagee is hereb~~ subrogatcd to the lien ~r liens and to the rights of the owners and holders ltiereof of each and every mortgage, lien or other incumbrance on the land described herein which is paid and'or satis[ied, in . ~ ~ whole or in part, out of the proceeds of the loan described herein or secured hereby, and the r~spective liens of ~ = said mortgages, liens or other incumbrances, shalt be and the same and each of them heteby is preserved and shall ' t - pass to and he held-by the ~lortgagee herein as security for the indebtedness to the Mortgagee herein described ~ or hereby secured, ?o thc same extent that it w•ouid 'nave been preserved and wouid have been passed to and been ~ hetd by the \lortgagee had it been duly and regularly assigned, trans[erred, set over, and delivered unto the Mort- ; gagee by sepacate decd of .assignmeat, notw~ithstanding the fact that the same may be satisfied and cancelled of ~ record, it being the intention of the parties hereto that the same w~ifl be satisfied and cancetled of record by the = , holders thereoC at or abeut the time af the recording o( this mortgage. , _ ' - 5. In tiie event the ow~nership of the mortgaged premises. or any part thereof, becomes vested in a person other than the \lortgagar, the \tortgagee may, without notice to the l~iortgagor, deal with such successor or s~c- ; cessors in interest ~~ith reference to this deed and the debt hereby secured, in the same manner as with the ~iort- ~ gagor ~~ithout in any µay vitiatirsg or discharging the 111ortgagar's iiabilily herpunder or upon the debt hereby ~ - secured. No sale af the premises hereby mortgaged and no for~eacance on the patt of the MorCgagee, and no ez- ~ t~nsion of the time for the payment of the debt hereby secured gi~en by the !~lortgagee shali operate..to release, ~ discharge, modiCy, change or a~fect the original liability of the A1~rtgagor herein either in whole or in part. # 6. The leen of this deed secures and shall continue to secure payment o( said indebtedness or indebted- ness, however evidenced, whether by said promissory note ar any renewal or extension thereo[ or substitute there- - - - - - - - - [cr, or otherwise, until all suc~i indeb[edness -sha11 have becn i'ully pai~: - - 7. !n the e~~en~ the mo~lgngors sell, convey or ~ransjer the mvrtgaged premises during the lije oj ~his mo~~- - gage, ehrn this mo~lgage shall, at ~he option aJ the ?tortgagee herein, become immediately due and paya6le jo~ the : ; _ jull sum oJ the principat balunce and interest lhen due. ' ~ ' ; 8. The tQrms "Mortgagor"- and "Mortgagee" whenever used in thi~ i~strument shall in~lude the heirs, ~ personal representati~e,, successors and assigns o( the respectiye parties hereto. Wherever used the singular - num r shali include the plural and t e plural the singular, and thz use-of any gender shall include al! genders. f - ; - i Si ed, seate d i~+ ed in the esence oG G.-~ Gt lJ~~t~'~r~ (Seai) ~ . } t.~_ ` Y3~ ~ ~Seal) ' i ' - - 3~- . - - . . ~ ; STATE OF ELORID~. I . ' JS COL'NTY ST .~~UCIE ~ - ~ ~ i Before me personally appeared EDWARD LEE CLII~'IENT and DAPHINE CLEMENT, his wife, - ~ to me well known ar~d ~cnoK~n to me to be the individuats described in and who executed the foregoing instroment, t ~ ~ and acknow•ledged befort me !hat they executed tho same for the purposes therein ex~ressed. WITNESS my hand ~ , and official seal in the Caunty and State last aforesaid this 26th Day of Apr. il 19~5. ~ ~ _ . l ~ . _ . - ~ ~ ~ ~9y Commission Expires: J~ne 30 ~ 1975 Notary Public,_ ~te ~pf'"~ b~' '3 a ar e ~ F~LEt~ '1_ «UE~ ' , • ~ ~ 57. ~v~: . - .~k(~f fLG. - - - _ - ~ • . ~ . ; , . ':kS _ _ - : ~ ~i.i.~.~~_ . .~~L'~7 { ; : - - ~ c r , - ~ . . - ~ - = ~l!/ " _ - _ - , ~ : i - . . . Mar ~ ~ o$ P~'75 - - . ~ - , ~ - 8~'~K ~~c~ ~t GE , U l~U . . ; ~ ~'~59~ _ i .