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Home My WebLink About1715 . { ~ ~ And said Mortgaqors, for themselvei and their heir~, legal representatives, svtcessors and aisigns, hereby jointly and severolly covcnent and agres ~ to and with the taid MORTGAGEE, its successors and auigns: 4 1. To pny al( and singvler the prin:ipat and interest and the various and ~und~y ~umi of money payable by virtue of said promiisory note, and thi~ ~ mortgage, each and every, promptly on the days respectively ihe same severally become d~e. ~ ~ 2. To pay all and ~ingular the taxes, asseisments, levie~, ~iabiiities, obligationf and encumbt~nce~ oF every nature end kind now on ~eid descri6ed ~ property, or that hereaffer may be impoted, ivffered, pfaccd, levied, or asseseed theteon, or that hcreafter may be levied or asle~ied upon thif Mortp• age, or the indebtednrss ircu~ed hereby, each and every, when duo and payable, according to law, before they becorr~e delinquent, and bafore any intere~t at~aches or any ptnalty is incurred; ANU INSOFAR AS ANY THEREOF IS Of RECORD THE SAME SHAII BE PROMPTIY SATISfIED AND OISCHARGED Of RL~.VRt1 c:::E~.S:=: ^•^~::t.t•':' !SL'[!? nc, snc 1!yGi4NfF, THF TAX RFCEIPT OR THE SATISFACTION PAPER OffICIAIIY fNDORSED ' OR CERTIFIED) SNAII^BE.PLACED IN.THE HANDS Of SAIO MORTGAGEE WITNIN TEN DAYS NEXT AfTER PAYMENT, and in the event tnai any inereoi is nvi ~ pa~d, sat~sfied and discharged sa:d MORTGAGEE may at any t~me pay the seme or any part Ihereof without waiving or affecting any option, lien, equity or •iqht under or by v~rtue of this mo~tgage and the full emoun~ o( eath and every such payment shall be immediateiy due and payable and shall bear intereit ? ~rom the date thereof until paid at rate of eighl pe~ centum per annum and together with wth interest fhall be secured by the lien of th's morgtage. 3. To plsu ~nd conttnvously ketp on the buildiny• now or her~efter ~ituate on ~aid land ~nd on ~11 equipment end pertonelly covered by tht~ morfg• ag~, with •II pr~mlumt theraon paid in full, firs in~urente in the usunl stendard policy form, in a ~um epproved by the MORTGAGEE, and winditorm lrtfu~arsc~ (n iM u~vel itendard policy (orm, In a sum ~pproved by tha MORTGAGEf, in ~uch company or tomp~nie~ a~ the AIORTGAGEE may direN~ and •II fire and winditorm i~surence policiei on eny of said b~ild~ng~, any intereN therein rn part thereof, fn the sygreyate :vm efaetaid or tn ~xce~~ thereof, thati contain the utual st~ndard mwrgagee ciavsa or such vi;,ei e0sui's t~a R,~;C----- r..a~ • ' m=4~ thi lo}a under ~eid o0l1- yoy~a , .~:,vue. . .r.~ t(ei, each ~n~ evary, payabla to seid MORTGAGEE as it~ intere~t mey eppear, and each e~d every iuch policy shall be promptly ass.gned and delivere~d to any held by said MORTGAGEE a~ further sec~rity to ~aid mor~gege debt, and, not lau than ten (10) deys in advance of tha expiration of each poticy, to de- livet to said h10RTGAGEE a renewal thereof, toyether with a rcceipt for the premium of tuch renewal; and there ~hall ba no fire or windstorm iniurance placed o~ •ny of •eid buildiny~, any interest therein or part thereof, unlesi tn the form end with the los• payable as eforesaid; and in the event any ~um of money becomei payebte under toch poHcy or policies iaid MORTGAGEE shall have the opf;an to receive and epply the same on account pf tha indebted- • ne:~ secured hereby or fo permit •aid h10RTGAGORS to receive and uie it or any part thereof for other purposes, without thereby waiving or impair- I~y a~y equity, lien or righl under or by virtue of thU mortqaga; and in the er•ent •eid MORTGAGORS thall for any rceson Isil to ketp the taid arrmi~e> >o fnsvred, ot fall to dalive~ promplly any of teid policies of tni~rente lo •aid MORTGAGEE, or fail promptly to pay fully any premium therefor or in eny _ reipect feil to perform, diacharge, execute, effed, complate, tomply with and abide by this covenant, or eny part hereof, said MORTGAGEE may place and pay for such tnturance or any part thereof without weiving or affectinfl any option, lien, equ;ty, or righl under or by virtue of this Mortgage, and thc full ameunt of each ind every •uch payment thall be immediately d~e and payable •nd shall bear interest from the dnte thereof until paid at the ?ate of nine per centum per ~nnum and together with such interest shall 6e securtd by tha fien of tFit mortyege. 4. To permit, commit w i~ffer no waste, (mpairment or deterioration of teid property o~ eny pert thereof. 5. To pay all end •ingulsr the cost~, chsrge~ and ezpen~es, incfudir~ a ressonable attornty'a fee end costs of abstracli of title, incurred or paid at •ny tlme by taid AAORTGAGEE, because or in the event of iha feilure on the pert of ths ~aid MORTGAGOR to duly, promptly and fully perform, di~therge, ~xecuTe, effect, complete, comply with and abide by each and every the ~tip~lations, agreement~, conditlont, and covenants of ~aid promtssory note and ~~ii mortpepe any or ei?her, and sai~ cosrs, charget artd expen~e~, each and avary, shall be tmmediately due a~d payable; whether or not there bs notics de~ mand, attempt to tollett or •uit pending; and the full amount of each and every ~uch paymenl thall bear inrerest from the date thereof ~ntil paid st the rate of nine per centum per ennum; and all said costs, cFarqet and expenses incurred or paid, togethtr with t~ch Inleresl, fhall be ~etured by the (ien of this mortQays. 6. That (a) tn the event of eny breach of thia Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of seid i~m• of money hereln referred to be not pramptly and (ully paid within thirty (30) days nex~ after tfia t~me ~everatty become due and peyable, without demand or notice, or (c) fn 1M event aach end a~e~y the ttipulafions, sgreementi, conditions and covenentt of •eid promitwry note and th~s mortgage any or either are not ~vly, promptly •nd fully performed, d~scharged, exauted, effected, ccmpleted, complied with and abided by, then in either or any tuch eveM the •aid aQ- yreyete sum mentionc~ In taid promissory nofe then remaining unpeid, with interett actrued, and al! moneyt iecured hereby, •halt bccome due •nd p~y- able forthwith, w thtreaftrr, at the option of ~aid MORTGAGEE, a~ fvlly and tompletely st if all of the ~eid sums of money were originally ttip~lattd to b~ paid on such day, anything in •eid promissory note or in thi• Mortgage to the controry notwirhstending; and thereupon or lheresfter at the aption of taid MORTGAGfE, without notice or demand, ~vit at law w In equity, thereFore or thereefter begun, may be prosecvted ei if ell moneya tscurad hereby had mat~red priw to it~ Inatitvtion. ~ ~ 7. That In the even? fhat st the beginning of or at any time pencing any •vit upon thi• Mortgege, or to fareclose it, or to reform if, o~ fo enforce ~ paymani 07 an)I CiOimi r~bicviri~vi• iui3 ...v. :~.r~i _ _ L""' A^ :~?iC!1^,+, 1ha ar~}nninlmRAt Of a Reteiver. tuth Covrt thnll ~ forthwith appo;nt a receiver of said mortgaged property all and ~ingular, includ~ng all ~ar,d tingulsr the income, profits, i~s~et end reven~e~ from whataver j s aurce derived, each and svery of which, it being expressly understood, i~ hereby mortyeyed as if speuficatly set forth and desuibed in the qranting end hsbandum clauies hereof, end :vch Receiver ihall have all the brotd and effective funcrtont and power• tn a~ywise entr~tted by a Court to a Receiver, •nd auch appointmtnl ihall be made by •uch Coun as an admitted eqoity and a mattar of abioluts right to taid MOR7S'aAGEE, and witho~t referencs to tha r_ adequscy or inadequacy of the value of the proparty mortgayed or to the sotvency w insotvency of seid MORTGAGOR a the defendants, and that ~vch = rentt, profits, Incwns, iu~ros and revenuei •hall bs epplied by •uch Receiver accord~nQ to the lien or equity of ieid MORTGAGEE and the pradice of •uch ' { Co~,rt. ~ ~ 8. To d~ly, promptly ~nd fully perform, diicharge, execute, effecl, complete, comply with end abtde by each and every tha •tipulationt, ayretmantt, # ~ condtttons and covtnantt in teid promissory note and this mortpaga ie1 farth. ~ 9. That in the even~ tht ownenhtp of ths mortgeged premi~e:, or any pirt thersof, becomes veited in e perton other than tM MORTGAGOR, the € MORTGAGEE, f» svccesiori and a~signs, mey, without notice to the MORTGAOR, doal with such :ucceisor or succesior in intereit with reference to ihii rtw+lQsp~ •nd tt?s debl hereby secured in the same manner st with Morigagor wif?wut in eny wey vitiatinQ or ~disthargin~ the Mortysgori' Itabilit3r hert i und~r or upon the debl hersby tecvred. No sale of tha premise~ hereby mo~tpaged and no forbearance on the part o4 the MORTGAGEE o~ it~ ~uccesson w•ts19~a •nd no ~xtention of the time for the peyment of the debt here6y fecured yiven by the MORTGAGEf o? itt ~uccesiors or aitiyn~, shalt operats , 1o nt~ue, discl+~r~e, rtrodify ch~nq• or •ffect the ori$ina! ItabiGty of tht MORiGAGOR herein, elther in wfio!e w In part. 1Q. 11 tpetifkally aQr~ed lhst time is of the esaents of this contratl ~nd fhat no waiver of any obligation hereunder or of IM oblifletion u• ~ cvred hereby ah~ll •t •ny time thereafter be held to be s w~fver of ths t~rm~ hereof or of the ins~rumenl secured herby. 11, tn addiibn to the forego;nfl monihly payments of princ pal and inTerest required by the prom~iwry note tecured hareby, morfflaqor covenents •nd a9r~es to pay tp mortyagee with each monthly p~yment an edditional tum ettimated by mortgcgee to be equal to 1~12 of the annval coat of th~ follow- ~^9= A-Al) toat ptoperty taxes levied or astessed afleintt tha above described real e~tste. ~ 6-Premiums on fire •ne1 windstorm ins~rante a• herein req~ired to bs carried on ths improvemantt situate on She abovo described premitet. C-Premivmt on such mortpaye 9u~ranry insurence at mortgayee shati from time to time dcem fit to carry on the losn secured hsr~by. MoAyaflea thaN from trme to time notify mortgsQor in w~;t;np of the smount due snd payable h~~eunder a~d such ivm shall thereupon be d~e and pay+bl~ on tfie dw date of the next monthly payment and each succeisive month thereafter ~nti~ mortgagee ~halt not~fy mortyegor of a ch~nys in ~uch tmovnl. $uch ~umt thall be epplied by mwtpage~ towsrd tM p~yment of real propsrty tazet, intvron:e premium~, and morTgaQs guar~nty insUrante ~ ~N?1~Vt77l, a IN WITNESS WHEREOF, tF» ~sid MORTGAGOR has hareunto tst hit hand s~d seal tM day •nd year firtt afwcsai . - E Si9 led •nd v In th ~tenu of: ~ ` ~ r , sn ~ gCOK 5V~ , n ' • rs~ - - _ _ r./ . _