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Home My WebLink About0980 and sh~ll duly, promptly and iully perform, d~schatge, execute, e(fect, complete, cumply w~tA and ab~de b~ each ind e~er~ the ~tipulations, agnrments, condrtio~s and co~•enants of said prom~uon notes and oi t~is mortgage, then th~s mortgage and Me estite hereb~ rreatrd shall ceue rnd be null and void. It is understood that each of the w~rds. "notes," "mortgagors" and "murtgagees" respech.eh, whcther in thc ~inKul~r ur piurai anywhere in this mortgage, shall be singular i( oru o~ly and shaU bt plural jointly and severall~ i! morc than une, and th~t thc ~+urd "the~r" u uscd anywhere in this mortgage shall be taken tc~ mean his, her or its, where~er the contezt xo ~mplies ur admrts. The•.+urds "promusun notes" as used hrre~n, shall include interest coupon notes l~f provided (or in this murtgagel where.cr thr cuntext w reyu~rea ur admits. And the `iortgagors, hereby jointl~ and se~ eralh co~cnant to and ith the \Sortgrgees: 1. To pa~• all and singular the principal ind interat and thr ~anuus and sundn sums o( money pa~able bv ~~rtue uf ~aiil pro~nuwn nc,tes and this mortgage, each and even•, prompth~ on t!x days resperti.el~ the same se.eralh become due. 2. 'I'o pay all and singular the taxa, aueuments, levia, liabii~ties, obligaNcxu and incumbr~nces of e~en naturc and k~nd nuw• un aa~d described property, andlor that hereaFter may be impoaed, suftered, placed, le~ ied or assessecl thereupon, ancLor that herc.?Rer mr~ be le~ ird or assessed upon this mortgage andlor the indebtedneu secured hereby, each and evtn, whrn due and pa~~ble acrurdinR tu la~, lx(ure th~~ become delinquent, and before any interest attaches or any penalN is incurred; and in w far as am thereof is uf rceti~rd thc ~ume ~hall pr~r mptly satisfied and discharged of record and the original oEficial document (such as, (or instance, the taa rereipt or the s.~taf~chun paprr uf- ficially endorsed or certifiedl shaU be placed in the hands of the ~lortgagees within ten days nezt after pa~ ment. 3. To keep the imprevements now existing or hertafter erected on the mortgaged pr~xrty, insured as ma~ lx reywrcd frum time tu tinu by the mortgagee agunst loss by fire and other hazards, casualties, and c~ntingenc~es in such amounts and kur wch pi~n~Kis ~s ma~ Ix~ n~ quired by ilortgagees, and to pay promptlr•, ~+•hen due, any prcmiums cx~ such insurance. 111 insunnrr shall lx~ carni~t in cumpan~i~ daignated by ~lortgagees and the policies and rcnn+•als thereof shall be held b~~ .\lorigaRees and have attarheJ thcrctu k»~ pa~ablc clrux~ in (avor of and in form acceptable to tFu ~tortgagees. !n e~ent of loss ~tortgagors ~vill give immediate noticr bv ma~l tu ~turtKaKiry and \tur- tgagees may make proof of lou if not made promptl~ by ~lortgagors, and each insurance rompany cuncemed u txveL~ ruthw~nu~cl a~~J directed to make payment for such loss directh• to Mortgagees, instead of to \tortgagors and \furtgagees juinth, and the insuraniY• pnx~vYla, or any part thereof, ma~ be applied by ~lortaagees at their option either ro the reduction uf the indebtedness hereb~ securetil ur tu th. restura- tion or repair of the property damaged. In e~ent of Foreclooure uf this mortgage or other transfer c~l htle to the mortR.~Rc~l pru}x~m m ea- tinguishment of the indebtedness secured hereby, ali nght, title, and interest of the ~1ort~aRun, m and tu an~ ~r.surance ~x,licii5 thxn in furer I shvll pass to the purchaser or grantee, appropriate credit being gi~ en therefor, after, but as uf the datr uf ~uch transfer and delnen uf Fx~i+cy- sion. 4. Tu remove or deinuluh no huilding un said prem~srs ~v~thuut the ~+ntten cunx~nt uf the ~turtKeKitS; tu perm~t, cumnut ur ~ufi~•r nu waste, impairmeni or detrr~uratiun oi said pro~e rh' or am part therr~~f, anJ to keep the ~ame and impru~eme~ls thrr~.~n in K~xxl cundiUun and repair. That ~n the ecent the ~turtgaQors fail tu pa} ar~d ur discharge the ta~es, asses+ment~, le~ ies, liab~Gtiey, ubliKahun~ arxl incumbrence~, or fail to keep said premises msurecl ur to deli~er thr pohc~es, premiums paid, ur :ail to repa~r the Sa~J premise~. as herem a~recd, thr ~tur- tgagees are herebv auttwnzecl at their election t~: pa~ anci,br discharRr sa~d taxes, asx•~sments, lev~es, IiaUil~ties, ubliKet~uns ane! ~ncunr brances or an} part thercrof, tu procure and pa} (or such insurar.ce or to make and pac (ur such repa~n, withuut am ubliRahun un their p.~rt to determine the ~al~dih and-ur necessitti of am therer>f and wrthout the `1urtKaRees waivin~ or affectinR am uptiun, lien, eywt~ ur nKht under or bti virtuP of this mortKa~e: and the full amount of each and evere such pa}ment shall be immecliatelj due and pa~able and shall bear interest from the datr therec~f unhl paid at the rate c~f ~'ll~~'leSt l~flll Ydteper centum per annum, aml, tuRether ~+iih such~ interest, shall tx secured b~ the Iirn of this mortKaKe; but nuthinq herein contained shall I~e conslrued as reywrin~ thr \lurtRa~{ers !u s~~ ~ ance or expend mune~ s for am of the purpcne~ in th~s paraQraph mrnh~,neYi. 6. Tu pa~ all and sinFular the custs, char~es and expenses. includ~n~; reasunable la~+~rr's fe~~s. IeK~er'~ Jisbunement~ and co~t uf aLstracts c~! tide, incurreci or pa~d at am t~me b~• the \tortRaRees because andor in the e~ent of the failure un the part uf !~1urtRaRors duh. promptlv and fuih to perform, discharge, execute, effect, complete, comp!} with and abide by each and e~en~ the shpulahons, aRrerments, condrtions and co~'enants of said promisior~ notes and this mortgaKe, am' or either, and sa~d custs, charges and eapenses, each and even, shall be immecliatelc due and pa~able, ~~hether or not there be nc~tic~, demand. attempt to o~e~{,,or suit pendmg; and the (ull amount of each and e~en such pa~ ment shall bear interest from the date thereof unt~l paid at thr rate of~~iie S t ~W f UZ Y'~ e per centum per annum; and all such costs, charRes and e~prnses so incurred or paid, tuRether w rth such interest, shall be securecl b~ the I~en uf this mor- tKaKe. That iaJ in thr e~er~t of anv brcach of tnis mortRage or dE~fault on the part of the \1ortRagors, or; ~b) in thr e~ent an~ uf said sums of ~ monec herein referred to be not prompth and fully paid withm 10 da~s next after thr same se~eralh become due and pa~able. K ithuut de- s mand or Rotice; or ic~ in the e.ent each and even the stipulations, agreements. condit~om and co.enants oi said prom~ssor} notes and this i murtgage. am vr erther. arr not duh, prompth and fulh pe:formed, discharged, executed, effected, completed, complied with and ab~deJ ~ bc, or; idl upon the rendering b~ am caurt of las! resort o( a decision that an undertaking b} the titortgagors a~ herein provlded to pay taxes. ~ assessments, le~ ies, liabihties, obli~atans and incumbrances u legalh ~noperati~ e or cannot be enforced, or in the e.ent oF the passaqe of an~ ~ law chan~ing m an} ~+a~ cr respect the laws nuw m force ior the taxation of mortRages or debts secured therebc for an~~ purpose, or the man- ~ ner ~~f coliection of an} s~ch taxes, w as to affect this mortgage or the debt secured hereby; then_ m either ar anv such e.ent, the said ag- Rreqate wm menhone~d in said promisson iotes then remaining unpaid, with interest accrued, and all mone~ s secured hereb~ shall become ~ due and parable fo~thwrth, or thereafter, at the option of the \lortgagees, as fulh and completeh as if all of the sa~d sums af monec were ~ onginally st~pulated to be paid on such da~, am thing ~n said promisson• notes and, or ~n th~s mortgage to the contrary nutw•ithstandinq; and = thereupon or thereaiter, at the option of the ~fortqagees, w•ithout notice or demand, suit at law or in eqwh. iherefore or thereafter begun, ~ g ma~ be prosecuted as if a11 mone~~s secured hereb} had matured prior to ds inshtution. ~ ~ r - 8. That, m the ecent that a[ the beginning of or at an~• time penJinR an} suit upon thn mortQage, or to Foreclose it, or to reform ~t, andor to enforce pa:rnent of am claims hereunder, the ~lartgagees shall appk to the court ha~mg jurisdiction thereof for the appointment of a Recei~er such court shali iorthwith appuint a flece~.er af said mortRaRed propert~ alf and sinqular, includmg all and singular the mcome, profits, issues and re~enues from ..~hatcner source der;~ed each and e~er~• of w•hich, ii being expressly understcr~d, is hereb}• mortgaged as if ~ specificalh~ set forth and described in the grantmg and habendum clauses hereof, and such Recei~er shall have all the broad and effective functiens and poKers m am .+ise entrusted by a court to a Receiver, and such appomtment shall be made b~ such court as an admitted equi- - h and a matter o( absolute nght to the ~lortgagees, and w ithout referencc to whether or not said mortgaged propert} be in whole or in part a humesteaJ and w~thout reference to the adeyuacy or inadequac}• of the value of the property mortgaged or to the sol~encv or insoh•ene~ of _ the ~tortgaRors and,or of the defendents, and that such rents, prc~fits. income, issues and revenues shall be applied b} such ReceiFer accor- 'ti dinR to the lien andrur equih o( the \tortgagees and the pract~ce o( such court. ~ F ~ 9 Dulv, prompth and fulh to perform, discharRe, execute. effect, complete, comph w-~th and abide b~ each and e~er~ the stipu~ahons, agreements, cunJitis~ns and comenants m said promissory~ notes and in this mortRage set forth. ~ ~ ~ s/~e(v~ ~ f~kr ) ?.(~''r.•~V~ I a~1` vV~ ~ . y ~ ~ ~ . . . ~ . - $"i" ~ ~I~ ' ' -h:- 3^:.~' :~.3' ~ x . "s"~ ?ct,. . _ . . . _ .