|
� .
<br /> f
<br /> i };:
<br /> , : , .
<br />` � �e• o o � � s:s . ^l
<br /> � -� -THIS ldORTGAGE IS AL60��T0. BE"RND � CONTINUE� 70 fiE ; FROM � TIME TO �. TIME,' SECURITY POR THE PAYMENT OF SUCH � _ �
<br /> , 5UM OR SUMS AF MONEY AS THE MORTGAGEE ' MAY FROM TIME TO TIME !N THE FUTllRE AD4ANCE 70 7HE MORTGAGOR. ANQ
<br /> EVIDEN!:ED BY A' SUPPLEMENTAL NOTE QR NOTES, BUT 7HE :TOTAL INDEBTEDNESS SECURED BY TNIS MORTGAGE SHALL NO7
<br /> EItCEEOON�' HUNORED iWENTY. (12U) PER CENT, OF THE AMOUNT NQW OWING, . FJ(CEPT FOR ANY ADVANCE9 THAT MAY BE �dRO[
<br /> TO PROTF.CT THE :SECURItY IN -ACCORpANCE WiTt{ THE ' TERMS OF TF116 M(fRTGAGE.
<br /> � 'PIiE MQRTGAGOR FURTFiF.R C0�!ENAN7`S ANJ? AGREES:
<br /> , .a � . , 'fhat tht��� Muttgugor � will p�y . thc indeUtednees ns 6nmin�°(ore � provided. � � �
<br /> .r � . . � . . . . . � . . . . . . ,_ . , � , . , �
<br /> : 3 . . - . . . . . . . . � .
<br /> � ; That. lhc: Mortgagar is the owner . of . �aaiid p�operty in � fee � simple and . Lax.� gond rigM � end luwtul nuthority to seli �: and .
<br /> � com•ey , the same iind that the samo it+ free and c9ear: of ainy lien or encurnhrancc ; iind that AlortguFnrwill sv:irrant tu�d defnn8 the
<br /> ' tiile , to: said ��remir,rs nguinat ih� ciuims ot . ull .�pnrnons � wimmsoever. � �� . � � . . . � � . � . . . � . . �
<br /> ,' b � � . � � . . � . . .
<br /> , �+ - � � � � 'I'o ��sy �immedinheiy. when .tlue nnd payaf>le +dl genernl tuzes; speuul llzes, speciel n�essments. � watec ch.�rges, sew•e� ,scrv- : .
<br /> : ice charges, and other Cyice�: and charbes agninst said property, and idl tnxes IevieJ on �he debt secumd hereby, and to [urnish ihc
<br /> Mu�tgngee, upon nquest; with the ori�in:il ��r' durylicate receipls there(nr: '1'he n4urtgugor nB«'�� thLi ; lhere shall 7:e added - In
<br /> j ench manthlg pnymcnt� Pe��uired hemunder � oc �under � tl�e � r.vidence . of debt secun+d hcreby an � nm��unt e+timate<1 by . thr. :� Murtgngee � . � �
<br /> ' . � �, to be � s��QicicnE �to ennble the . hf�irtgal;ee to pay, . as . ihey � beivi�ne due; � all tax�w, ti.se�csruenis. and similiu chnr �r>> up�n i.he prem- � . � ' ,:�.
<br /> ' p . : . isea �subject lhereto; anp . �leficieiicy bmtuse of �1he ineufficiency of such additional pnyments � shall be � fnrthwith depntiited by - t}�F. .
<br /> . : . bloctgagor_ with . the . Mortgngee- u��un demfmd by tl�r 9fortgagce. Any � deluullunder this pnragraph shall he deNmed . a d��[.ialt � in .
<br /> . psyment. � of lax�s. +ts+es5mr.nts. nr � aimilar . charge� mquir4�d hereunder. .
<br /> . . . � . The :�lortgegor ngrers lhnt there shUq � alsu be added to each monthly P�yment nf principal �ind interest require+d I�ere- .
<br /> ' ' a � �: �ander an amount estimated 1>y thc \4urtKagee to 1>e ti�ilficient to enable Ihe �9urt�;a �;ee tn ��,ny , as it brcnme�; due, lhe � insurance .
<br /> � . . premium � �ia nny insurance pulicp delivered to the �4ortgagee. Any deticiency because of thr insidiicicr.cy n( such additional ��ay . . �
<br /> � ments shu111x forthwitL � depnailed � by fhe blortgaFor wilh the Dlortgagee upon demand by the NorlfSaK�'r�. Any dcfnidt under this
<br /> � � s�ra rn h� s}mll txt dcemed a detault in the m ment of inxurance �remiam�. lf fhe iolicv ur i licie.s de � r ited are nuch es hume-
<br /> I g p . I Y f I 1 �� f ' >
<br /> �' t . . . � owners � or ell risk ��licies�, mid the . depasik�; are insuflicient to pny th� � entire premium , ihe �loriGagee rr�fiy apply ihe deposii to . .
<br /> ' . � � � pay piemiUms vn riska required to ix insuresl by thix morlqnge �
<br /> . . � PaymenU made 6y thn Dlorlgagor uuder lhe +�buv� para �; ri+phy may . at the option of Ihe �turtg�ace, he held Irv il a»d
<br /> . cnmminghxi with other r�uch fuuds e� r its o«� n fimdx (ar thc p;iymenR uf such i �ems. imd until �o ;ippli��d . tiuch pnatnen (s r� re herrby .
<br /> � � � � � � pleclged as sF�curity (or thr unp3id balanee of� lhe mortguge indehtrdnesa �
<br /> 1
<br /> � � To . pr�xoure. deliver to. . and mainlain (o: the hr.nefit -. o[ lhe � AlortFflgee during tho lifc u( this mnrt„ai;e uri�„inat pulici��s nnd - .
<br /> � � - renewals � lheteof, de.livered at lenst ttn de��s IMtare thr. expiratiun ot uny +uch policie�, insurinR � against fire and uther insurnhle
<br /> � � � ]wzards, casunitiee; � und rnntin6encies as tlie rlodguqec may requite, in nn nmount equal to . the indr.btednese secured by . this -
<br /> - hlurtguge. . und in companies acceptablc to tt:e 6lurlgngee, � rvith� In�:S payable cl�use in � fu��or of nnd in Enrm acreptabir tn the \4ortga- �
<br /> � � � . gee. - [n the eventany p��lity � i� not renew•ecl on or be(ore ten days ot its expiratiun. . t6e hforl�ugee may � pra�ure insurnnr.e on thc
<br /> � � improvemenls, pay tl�e premium there[ur, � eind euch vum � shall becumu inunediutety. due � und payable � with intenst � at � ihe rate . sei
<br /> forlh � in neid nnte unfil puid and shall Iw secured bg . this mortgage. fivifure on thrpurt nt the \lortgt3gor tu furnish euch rr. newnl= � � �
<br /> %i . ns ure. . herein required nrfailurc � to p:�y any sums advr�uced here�mJer shAll , at � he option o( the �lotlgagre, cunstitute a default _ �
<br /> � ❑nder the terms o(. this mortgagr: 'Che delivrry u( euch P��licies shall, in the �•vrM ��f defnult , cunefituta an asvi �:ument of thir um
<br /> ` � . � � . � eurued premittm. � � . . . � � . .
<br /> 1
<br /> . � . �IIV. SUlllfi fPCKIVP.f� f)Y 1E1(! (�'II)[Ig0(�lY' I)V Il':1.4'11I1 ��F �I�'J� <lf ��:IRIL{;(' t(ISUII'l� :I �;illfi�t III:I)' {lt` fl'iillti('f� })t' � fl(' ��� (�Ct�'8(;C�! . .
<br /> � � nnd applied tuward � the �myment ��f ! he debi hen�by s��cumd , or, nt fhe nption nf the 1lortgngee, such sucri.c eithi�r whully or in � .
<br /> part � mpy bo paid uver to the �lurtgngor to !x used tu r�pair such buildin�s or tn build ' new buildin[;� in thi�ir placr ur (or nny . . .
<br /> othrr purP�u or object - vtisfacton' to the A1uri �ngee w�idiout afiec� inr: the lien un the murtgn�;e for ihe fuli umnunt �ecured herr- .
<br /> .6y befure such paymeot ever h�uk place � �
<br /> �t � Tu prnrnpll�• mp.ur. u•store ur rrbuild any Liuldingi ur improvements now nr herca (ter un the pr�•mi>o� �rhich maY M� _ � � . _
<br /> inme deunaged or de;lrvycvl : !0 1.reP s:iicl premises in ga�d conditiun nnd �repair nnd Iree (rom any mechamc'� lien ur uther lien or .
<br /> � claim uf lien not expressly sulwrdinated io thc licn hereof , nul tn sutTa� r ur permit :tny unl ;n��ful uee of or i�n>• nuisance to ex�wt on � �`
<br /> � �t:
<br /> 5N7(� Jt�()�ll'rfY :IOC �U �)1'Ctlllt . l4lly(C' VII 571(� � ICI'tt116C3. ftllf (t� I�ll .If1V <�I �1C� F1l:t N �l('�t't)}' t �lt• propert}• herebv. cunve�yed tihi\�� }N'l'Uft1P . �{,�
<br /> les, valunhte, nnr to diminish� or impnir it�; vulue by rmy uc� or nmiasion ta act ; to cumpl�� �� ilh all reqmremenl� u! IaN� �vith respect � � �� '4'�'
<br /> tn Ihe morlguged premises and ihe uu� : hcreoL . . . . . .
<br /> . 1'hat should thr premixr; ur �ny part lherea ( IN� inken or damagcYl hy renson nf nn>� public imprurement or condenm:atinn . - .
<br /> prucecKling, �. or under Ihc ri;;ht u[ etninent domuin. ur in an}• u� hcr m:�nnrr, thi� \Inrt �ogee shall bt• �•ntitted to ali compensat.ions. �
<br /> 30.'IlC(�Y. 8R[I auy other paYment or reliet theretor, and .�hall br entitl��d . ;it ils uptian. to cummence. appear in anrl prmev:uiu in ius � � � �
<br /> vwn nz�me tu�y action ur pra:eedinR. �� r lo make ainy cumpromise ur setNement in eonurclion with yuch takinr ur �i:ima;;e All �uch . � �
<br /> tu
<br /> ccimpensa4on. awnnls, damuKf'sr right of action amrl prw:ecds arr hefc6l' :�:5ignerl to thi• IDlortga�;ee, �vho muy. idter deducting �. . .
<br /> therefrom all iLv uzpenses, rc�lvuse nny m�rorys �:o rernived by il or up�dy the e��me nn any indubtedne=� srcured hareby. "1'lic \Sorl - � � � .
<br /> gagor ugrces tu execute such (urther nasi �;nmenis n[ uny compensatiim. awards. damaees. und ri �;hts of nr.tiun :� nd prnm�•ds as the. ' . . . .
<br /> �4ortKagcr may � require. . _ �
<br /> � Thal in cnse o( failure lo perForm nny o ! the covenants herein, tMe \l��rtgagee mny do nn the �Iort�;��gur's behalf e1�crythin� _ � - �
<br /> � so crovenvnied : tl�ut � he :biort�;agee mny :�lso do �m)' nct it. may deero neeessary tn protect the lie� n thercuf: that lhe Alnrtguxur will . . .
<br /> � � . repuy uP�n dcrtmnd unY moneys pt+id ur di4huncd by � he Alortgagcc for i�ny oI ihe ubuvc purpn+r::. nnd .-uch mone�•s tngether with . � -
<br /> in(erc�vt thereon nl ihe rate pmvided in tiaid nnte shnll ber.ome sn much addiiiunal ind��btrdne�K hrrcUy =�•eumd and m�ry lx im . � . . . �
<br /> cludcd in nny decrce fureclusing tt�iv murlgagc nnd be pr�id aut o ( � he renfx nr procreds ot snie nt .aid prrmi�es it nnl uUien��i5r. . � . .
<br /> pnid: � t.hnt iY Fha�� not � r�blikatory uPon the 11orlFt�gce 1<� inquire iMo iho ��nlidity uf anl' lien. rncumbrance.., or cl ��im in ad- . � : � . �
<br /> vancing moneY�+ as utx>ve •r.uU�orizcJ. 6ut nothing 6rrcin cunl �iined shall IK• e.nnstrucd as rrquiring tl�e \SorlgaKevr tu Fidenncc nny . � � � . .
<br /> moneys for uny such purpns:+ nor tn dn Any act hvreunder : add ihat �fortg:�gee sh�dl nnt incur imy ��rervunol linf�,ilily h� r:iu>.o of an>- -
<br /> thing it may dn or omit t�> do hereunder. � � . � . .
<br /> � Tn the event nf the detaull bY � \torlµngor in the payment uf any instnllm mf , av rrquirod Iry the lnlo �rcured hrrcby, or � � � �
<br /> � � in Rte perfnrmance o( the uhliGatiur. in this murtgage or in the nole secured lhereby, thr iltartgager shall br �•ntillcd t�� der. lure thr �� . � . .
<br /> � .deht xecurcrl hemby �date and paynbie� wifltout nulice, and the \4o[tRug�r �hntl 6i• entitled ul its nptian. �rithout nufick•, cither by itsu•If i.:f
<br /> �or by a :rettivect� � be nppoinLcKl bY � the court therr��f. und u•ithout regard to the udcv�uacy ut uny security (ur tbr mdellll'.(� OC4F �•- � . � �
<br /> � 'cuted � hereby, to cnter upon. and t•tlte paksession o[ the marfgaged premisi•s, und to collect :md n•�ri�'e the roni �, issurw and profils � > �y � • ��
<br /> thereof. and nppiy the wune. less ecn;L: o[ o{Krntion and �rolleclion, u �xm the indebt�KLiesK secnred by th� mortgnt;e. ,nid rents. y 3�
<br /> issues umi pmfite being herrby . a�igncd tn ihr i�lodgnxce ny further «rurit}' I��r Ihe pnytnrnt uf idl indcl ( In : � scrured i�rrebv. � ..
<br /> �. . . . . � . � . . - ;r
<br /> 4
<br /> � 'Phc � AtortRngce shull � huve the puwcr to r�ppoint nny agent nr n�ents it mny desirc (or ihe purpmv n( rep.�irin� u�id prrm - � . t+{� �
<br /> . ises; renting lhe samc; crolluding the nmis. revxnues and income, .ind it muy pay �,ut uf tiuid inc�me a�ll i�■ n„nse.. inivrr��l in rrnt - � . �
<br /> . ing amd mannginK ( hc vamc nnd ot rvllecLinG Uie rentxk therelrum. 1��he balance rem�� inint; , if :my , sh:dl br npplicd toward the � � „n ,
<br /> divchnrgr nf the morfgaqe indrht�dne,s. 'Chi�; assignment iy to trrniin.un :md lw�cnmi• nnll :md ��oid upuu re•l��au• u( ihis murt �:n�;e. . . . -
<br />� � _. � �, �
<br />�:�
<br />
|