HomeMy WebLinkAbout0983 S. I hat ht Nill prrmit, ~ummit, ur ,uffer no H.~tite, impairmrnt, Hith~ut srferrnre to the a~lryua~> or inadcyuar> o( [h< <alue uf
.ictenuratiun uf ,.ti~ pruprrt> ~~r any part therrui; and in tht the proper!y mortgaged ur to the sol~en~y or in.ul~rr~;y ul .aid
.~cnt ol the lsil~rc ~~f the ~lortgag~u t~~ keep the buildings on \lortgagor ur the defrn~fants, ar.d tha! such rrnts, profih, in-
~.~i~ premi,r, and thu~e to be ercited un ~aid premi~es, or im• come, issueL, :~nd re~enues shall be applied by such recti~rr a:~ur-
•~ru~emrn~s thrreon, in gcxxi repair, the ~tortgagre ma; make ding ro the lien of this mortgage and the pra~ticr of ~uch ruurt.
~u:h re~airs as in its ~iisxretiem it may derm nr.etsary f~r thr In the e~rnt of an~~ default on thr par; of she ~tungagor
,~r~~~rr prr.enat~un thereof, and the full amount of ea:h and hrrcunder, th~ 4lortgagor agreet ;o pay to the tilortgagee on dr
_•~er> ,u:h paiinrnt shall tK inim~diatel~ due an~l ~ayahlr, an~7 t111t1(j ~5 a reascmable monthlp rcntal f~~r thr prcmiies an arnuunt
~h~il hr ~e~urrcl h~ thr lien of thi~ ~tortgsgr. at Irast eyw+alcnt to one-t++ellth (1 121 of the aggregate of the
twel~e mc~nthly installmenu pa}able in the then current ~ear plu.
6. Th:~t ht ~•.ill pa} all and .~nguiar the cu,t., ~hargr,, anJ r~- the artual arnuunt uf the an~ual ta~e,, as+rs~nun:s, wattr rateti,
.....~~::C~.:At, :.ue•i~~uvi~ ~a..~~:~e ii~i, a11u ~Giii ~ii di ~iin~i: u~iu ~ii~u~n~ilC ~iiC1111u1lb IUf 1U1I1 ~~CAf Il:li CO~CfCO D~ I~lf ~
,~t titie, incurrrd ix paid at an~ ume by thr ~lortgagee bt~ausr of afore.aid monthly payments.
~ t~r lailurc on tiit part uf the ~1ortKagur Promptl} and full~ to
,~~rform the agrezmente and ~o~enants ui .aid promis,ur~ noee 10. lhat (a) in the e~ent c~f am brra,h of this murtgage ar
~~~,i ,hi, murttage, an~i ~aid ~u~t~, charge~, and t~~enties :halt he ~lrfault on the par! of thr ~lurtg~gor, or Ih? ~n the e~ent that :~f:~
n mt.fiatrl} du~ anJ ~a~ablc and tihall he +r:urr~1 b~ the lien o( of said wms vf monep hcrein refrr~rd to be not prompth and
-hi, mor[gaar. fiilly ~a~d Nithout demand or notice, or ~r) in thr cvent that ra~h
a?:d e~er}• uf the siiputatiims, agreemrnts, condinons, and
7. That ht Nill i,rr~ thc imp:~~~ement~ now cricunK or hrrr~:ter ro~cnant~ u( ~aid note and thic mortgage, are not duly, promptl~,
~_•~trd un the niur~gaged proprrt~ imurcd ati m~~ hr rryuired and fully prcforme:l; ther~ ~n either :>r any wrh e~ent, the said a~-
~:.rn ume to nme b~ thr ltortgager againu I~~~~ b~ fire and .~ther gregate ~um rnrntioned ~n sa~d nute then remain~ng unpaid, with
'.:rards, ~a~~iaiueti, anJ contingen~irti ~n w~h ~muunts anJ for inccrect atirued :o that timt, and all montyc ,e~ured hereh>•. ~hall
, ~~.h ~rricxls (il:i~ bc reyuircd by ~lottgagtr, and .+;II pay hrrume dur and pa}able fnrshwuh, or thcrrattrr, at the opuun of ~
~ ,^:~m~tly, whrn ~ue, an~ prem~um~ e~n w~h insuran~t for ~ay- ,aid titortgaNre, a~ fulh and romplctel~ as if all the ~aid .um~
~~cnt of Whirn pro~isiun has n~~t txen made hcrrinbcfurc. :~:I in of monry were onginalh stipulatrci ro be paid on ~uch day,
j ~.:~renie shalt hc .arned in companics :,ppru~rd b~ ~lortgager and an~thing m,aid nutr nr in this mortgage to the rontrar} not-
j ~':r puti.~r~ and renewalt thrreof shalt be hcld b~ ~tortg.~gee an:f w~thstanding; and thereu~xm or thtreafter, at the option o( tiaul
i '.~tir atta~hcd thrreto luss payable ~lauscs in fa.or of and in furm ~turtgagrc, Ni!hout r.~~ti:e or demand, suit at !aw or in cyuit}, ~
? :.~eptable to the ~lortgaget. In r~cnt of losti he will gi.e ~m• ma~ he E~rouiutcd as if a!I mone>s u:ured hertby had rnaturrd I
~:r~l~att nuucr by mail to ~tortgagcc, and ~turtgagre may ma~c ~nur tu it~ insutueion_ The ~turtgagee ma~ fore~lose this murt- j
~ ,~r:~:~f o( lu„ if net made prumptl~ h~ ~tort~ag~x, and rach in gage, as to tr~e am:,unt ,o de~lartd due end payable, and the .aid
~
~ ~~~!an~e ~umpa~~~ ci~n~erned is hcreo~ au!h~~n~cd ai~d dirr~teJ tc, prertii+e~ .hall he ~uW to ,ats~f} and pa} the cirt;e tugcthrr with
:~:a1,e pa~mrnt fur Such lu~s dirr~th t~~ the ~lurtgagre ~n~tra~1 ~~f ~c~~ts, t~pen~e~, and aile~~ances. In ~ase of psrual lore~lo~ure of
p ~[he ~tortgagor an~ the ~tortgagce jointly, and thc insuranre ihiti mertgage, thr mortgagrd premices +hall tx suld sub~ect ta thr
,~~+~~ccds, or an~ ~~art thcrcof, may tx applitd b} the ~lurtgegec :untinuirg lien of th~s mortgage ior tht amount of tht debt not
r ~t: option, eith;r ta th~ redurtiun of the indekztrdne~s hrrtby then due and unpaid. in iuch cast the rro~i+ion~ of th~s
` •r;~rrd or to the restoration or rrpair of the pro~.-rty damagrd. paragraph ma~ aga,n br a:a~led of thereaRcr from !ime tc~ ume
;
~ la r~tnt of lureclusurt of this mortgage snd othrr transfer uf ntlr h~ the ~lortgagee.
; thr mc~rtgeged prupert} in ernngu.~iimcnt of the ~ndebtedncs~
E ~~~ured hcreh}, all right, ntle, and interc~t .~f the ~torcgagor in I1. 7hat hc ~ill gne immrdiate nutiie by mail t~~ tt~e ~tort~cagee
F .~nd to anr in~ur~nre pulir~r, then ~~i furcr ~h~ll pa+~ t~~ ttee ~ur- .~n~ c<~ntie~an~e, t~an.fer, ~?r change of uwnerthip of the
t~a~cr ;>r grar.,ee. ~rerTUCCS.
s
~ 8. 1 ha: i( the {~rrmi~r;, ~~r any ~art thcr~of, he ~undemried 12. That nu wai~er of anr cutienam here~n or af the abligauun
:n~f:r an~ ~uHer e+f cminent ~fumain, or a~yuired :ur a puhlic u~c, ~c~urr.l herehy shall at an} nme thereafter t+e held to be a w,~ncr
!;e J~magcs, rru~rcds, and ~n ;unvcierati~~n f~~r ;uih acywsin~~n. ~~f thc termt hrrcc>f rr of the note seiured hereb}.
` :he e~ern: c~f thc full amvunt of indebtednr~~ u~n th~c \tort
_ ;.:xe, and thr `ute u~urcd hcreby rema~ning unpaid, are hercb~ Ia, lhat ii the \lurig~gor de(ault in an} of the :e~enant~ nr
- ;"igned b} thr ~lurtgagur te~ tht ~tt~rtgagre and tih.t11 t+c ~a~d egrer~~tntti ionta~ned herrin, ~ir in said note, then the ~lorigagce
s !~~rtt,:+ith t~~ the ~t:~rtKager tu he anplied h~ it ~~a a~cuun~ nf the mar {~+erfurm the ~ame, and all er[xnd~tures ~in~luding reawnahle
.ridehteJr:«. .ecurr~f hcrehy, whether ~iue i~r n~,: ~ttorne~'s fee~) made b} the ~tortgag:e ~n u~ doing shali draw in-
tere~t at the rate set fonh in the note ucurcd hcreby, ard shall he
9. "(hat ehc \tu~tga,tct m~~, ,~t am tirnc pen~ir~ a tiui: u~.~n ;:payabfe immc~l~atcl~ and Hithuut demand b} thc \tort~,agor
~ tf:~~ mrrtkage, eppiy to ~hc ~uurt hati~rig junsdicuun thrrevf !:u the \t~~rtgagee, and, ?~~getner wiih interest and ~~~+t, a.cru~ng
~ the a~~x~irtrneni uf a rtcr~:er, a~ed tiuih c~~urt shaU fc~:thwith a~ tt~crc.m, ~hall be {r~:~rrd hy thit mi+rtgage.
~ n~~int a ~~~~,~rr af the i~~et-i1WC iOSrte(~ herCh~ all and •~n¢uia~
!rurn whate.er s~~urce d~n~ed, ea~h and e~er} of v.h~ch, ~t txmg ~ht uuner o( re~ord uf thr mortgagcd premiu~, or directed tc~ the
~:tpres~l~ underst~xx~, ~s hcrebp mortgagtd as i( ~peiifi~aily sct i3,d ewner at the last address actually furnished to the ~tortgagcc,
!~~rth an~3 dc.rnbcd in ths grantiug and habendum ilausct hcrc~~(. ~~r Jircctrd to ia~d owner a[ said mertgagcd ~rcm~sts, ar.d ma~lcd
,+s~d w~h recencr ctiall ha~c all the hruad and eftcct~~c fun.uunt n~ the t: nited Statts ma~ls, shall bc wffi~~ent nonce and de^~and
.,n~ ~,~rr, ~n :,n} anr cntrutitcd b} a ~uurt to a reiei~er, and ;n an} ~acc anti~ng undcr th~s i:istrument aad reyuircd b~ thc pro-
- ~~_i.h a~~e~ir;n~ent ~hali hc iT~a~e b} ~u;h cuur? as an a~imattrJ ~~~iu~~ here<~f ~~r by laN.
~ .,y~:ii: ai~u e i~~.fiirl v: ai~~.~~iUtc rlRnt [i, ~.JI(~ tifc~rt~2dK^e. a!ijJ
Eac~ ?~.,cE ~~?3
~'e~e 3 of •l HC1G-92110M~1
. ' " ~ _ ~ ' ~ ' ~y ~ r ~ ~'."~e~=~'~ a3' -~`~tE
s.. _ _