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Home My WebLink About0936 ~,'..c . ~ - li: ~ i'il~~ . . ~ IO PROTI•:Cf THF: SI:CURITY HFRF01~, MORTL;AGOR ('OVI:NANTS ANU AGRl:ES: (1).To krap ~aid prcmiK~ mwnd ag~~ns~ firc and wch othrt ~awaltks u thc Mwtgsytre msy spw:ify~ up to thc full valur uf aU imptorcmrnta for the prutrcl~oo uP Murt~rr in ~uch mannrr, io such ~muun~c, ~u,! in auch - .ompanirs u Afottga~e may from time. to time appmve. and to kap tbe policirs therefor. prop~rly cmdorsrd. un deposil aith_Mortea~'. and lhat lu~t pro.Yeds Ikss expenses of colkclion) shaU, at Mortaagee's optan. Oe , apPlied on said indebtrdness. w~l+ether due or not ur to the c~atuqtaa ut said impravrmenti. In event of bss ~Mortgator vviU gire immediate ~otice by mail to the Mort~tsgc~ who may makr ptoof of lo:c if •pvl ~oadr ~promptly by Mortya~or, and .•xh inwqn~ cqqlpany ~~on~rtned 'a hercby auihorized and dirrcted to makr payqKM for such bs. Jirrctly W Alortga~tt inslrsd uf blcxtR~or. (2) Topa y aU tara arxi sperial assessmcnts of any kind lhat have been ot may be krird or assesxb upon said ptrm~Ses, or aoy patt Ihereof. 13) In the erent of default by MottEagor undet Pata6nphs 1 0~ 2 abore, Mortga6ee, at its option (whethe~ rkctin1e to deriue thr w•hok indebteJness stcurcd hereby due and colkctibk or ooU, may (a) rt'~'ect the inwrance above p~ovided for and pay lhe reasonabk premiums aad cha~es thrrefor. (b) pay aU said laxes ard acsrssmeMs a•ithout d~trrminin~ the validity thereof. and tr1 pay wrh liens and atl wch disburscmcots shall be dermrd a psrt uf Ih. indrbtrdness ~rund by this !?tortRa~te and shall be immrdiately due and psyable by Mort~ot 10 l~iortgaEee. (4) To kecp the buildin~s and otllrr.,uqprovrmtnt3 now or herrafter erected in. good condi~ipn aad~oepai~~ not-to commit or wf(er any wute or any usr of saed pKmi.rs contnry to resui~tion ur ntiocd o~ conttary to law•s~ ordinanras o~ rcgulations of proper public authorily. and to permit ~to~tgager ~o enter at sll rrawnablr tim~s for the purpo~ of inaprctintt the ptemises, nut ,to r~move or drrtwtish any bu~ldinic thercon; to rompktz. VrItA~~ ~ne Nuadted t iithly (180) Days or rrctore promptly and in a good and w~orkmanWce mannet ~n~~ buildin6 whkh may be constructed, dartuged or des~royed thereon aad to pay, when due, all claim~ fot labo~ prrfortned and mate~~al furnished therr[or. t5? That the tisrc of payment of the indebtedness hereby secu~ed, or oi any porlion Ihercof, may be rxtrnded ut renrw~rd and any pactans of the premises hrrein d.scribed may; without notK~e, be rekasrd from thr lita h~Yeof, vrithout rrleasir~ or aUe~tin~ Ih. perwnal liabilily of any perwn or ~orporation fot lhe pa>•~r~ent of said i~xlebtrdness or tl?e lien ot this insttumcnC upoh the trmainder of aaid premisec for tlx full amou~t of said inJc6trdness then rcmainina - unpaid, and no change in thc ownership of said premisea shatl rrkasr, rcdu~Y or othewicr atYrcl any wrh petwnal lubilily on thr licn hetrby rrcatrd. 161 Th~t hc is seizrd of the prerriixs in fee simpk and hu goud and lawful right to conrry thr samr: and that hr dor. hrrcby forrver wunnt and will forever ~rfrnd the tetk and posseuion lhereof ap,ainst the lawful claims of any and all prrsam whaLacevec. " l?' IS MUTUAI.LY AGREED Tt1AT: If the said Moit~gor shaU fail or neElect to pay installments on said P~missory ~lote o~ on any other advance or ubligalion which n~ay be secured hereby as th~ same may hereatter become due, or uport defautt in performance of any ~teement hetrunder, or upon sak or uther dispcuilion ot the premises by Mortp~tor, or shouid any action or proceeding be fikd in any court to enforce any lien on, claim against or intercst in the premises, thrn all sums owin~[ by the Mort~or to thr Mortaaaee under this Mortgage or under lhe Promissory Note secured hereby shaU immed'utely become due and payabk at the option of the Mortg~ee, on the application of the Mortaa~a, ,o~ ~ssigne~.. Qr any person who may be entitled to the monies due ttxreon. In such event the ?tortaagee shall hare tbe risht immediately to fweclose this Mdtt~age x~cdr~~~, to law for the colkrtion of the whok amaunt of thc indebtedness and intcrest thereon plus ~easonabk attomey's fees costs albwed by law and any. amounts advanad pursuant to this Mortgage. l21 Mwtgagw a6rees to wrrc~xfer posvession of tM: hercinabove described premises to the Punhaser at the aforesaid sale, immrdiatrly aflrr surh sak. in the event wch possession has not previously bcen surrendemd by Mortpagor, and for failurc to w~KnJer possrssion, x~iU pay to Purrhuer thr reasonable rrntal • valuc of the premises durir~ or after the redemption period. ~ . ~ 13) In the erent said premises are sold by Mort~ee, Mortgagor. if a signer of the Pcomissory Note, shall be liabk for any deficiency rcmaining aRer sak of the premises. and applicatan ot the prooeeds of said ale to the' iedebtedeess fa,~tred aqd tp the expenses bf oqnducte~ said:sak, in~tudinE a,ttoroey'i fees and kEai rxpenset it aliowed by law. (4) Whenever. by the terms of this instrumeM, Mortaagce is Eiven any opian, wch option may be exercis~d when the right accrues or at any time thereafter, and no acceptance by Mort~ee or payment of indebtedness in default shall constitute a wairer of any default then existinE and continuina or thercafter accruinE. ' ( 5) 1 f Mort~or shall pay said Promissory Note at the time and in the manner afor~said and shall abide by, comply with, and dury perform all the oovenmts and a6ccements herein, then this aonreyance shall be null and roid and Mortaaaee witl, within the statutory period after written demand tt~ere(or by ?fortga~or, execute a release or satisfaction of this Mortpae. i6) Notwithstandi~ anythina in this Mortp~e or the Promissory Note secured hereby to the contrary, neither this Mottga~e nor said Promissory Note shall'be deemed to impose on the Mortgaaor any obliption ot payment. except to the extent that the same may be IeSaUy enforceable, and any pmvisan to the cont[ary shall be of nv force or efkct. . 17) AU MortEaaon shall bc jointly and sererally Gable for fulfillment of ttxir rnvenants and aareements herein contained and in said Promissory tVote. ( S y l f any Debtor is a married person, he reprexnts and wamnts that this instcument has been executed on his behalf. and that he has not executed the same as ~ surety for ~nother. ~ , ( (9) F.ach of us, whether Principal, Surety, Cuarantor, Endorser, or other puty hereto. hereby waives and renounces. each for himaetC and Camily, any uid alf homestead or exemption rights m the propedy comreyed hereunder. either of. us have under or by virtue of the Constitntion or Laws of any State, or of the United States, ar any •ight in the naturc o( dower or curtesy, of any statutory substitute therefor as aEainst this debl or any renewal thereof. f 10) In the erent the Mortgagor(s) transfer(s) tLe ownership of the said premises, or any put thereof, the entire uap:id balaeoe of the debt secured heieby slul! ! immed'utely become due and payabk. . i ~ . .S . . ~ ~ ? ~ ~ E ~ - EO AN[~ Ri~~RDEO~ ~ ~ER POlTRAS. CLERK . 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