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592874 OPEN-END REAL ESTATE MORTOAGE Kenneth W Ross and Patricia A Ross, Husband and Wife . 90-106990 .. .— ...... .................... ............. ............. ....... .. . .. . . .. . .. ............. .......... .... ...... . . .... .... ...... ......... .......... ............... . called the "'Mortgagor". doe* . hcfeb) mortgage tote I.-Iluiving drsoshed (vai tMalg: Lot Sixteen_(#) Bishop. lietqy�qJitpnd Subdivision,. .. ....... . .. 1. _... . .. . ......... . .. ................. ... . . . ............................... .. .......... .. . . . ..... . ............ ....... ........... ..... .... .. . .. . ...... ... .. ... .. ..... .................... . .......... . . .. . . .................... .. ........ .. ...... ............. . .. . .... ...... I ... ..... ........... ........... . ...... ..... ......... . .. . ......... . .. ...................................... .. . ........ .................... ...... ...... ....... ... ...... ......... . . . . . ... . .......... . .. .......... .... ........................ i4j�i;iiier"called the"Martgasee", in consideration of I hereinafter called the "premises ", to gistlFedaralCtedit Ohba, amount. financed by the Mortgagee in the -.um of .-Sixteen ... Th"sand.14-ght.-Hundred ... Twenty.-Three—an4— consideration of covenants and agreements hereinafter set folh: PRONSWAV NOTE: This mortgage is given to secure payment at the amount financed together with interest, according to the terms of the Mortgagor's promissory no" of this date. ADDITIONAL ADVANCES: This mortgage shall secure any additional amounts linsnced together with interest, which may be made at the he release of this mortgage provided. the aggregate amount secured shell not exceed the maximum mortplig a option at any time before t crad as limiting the advances secured heroin which are niodl 10 amount permitted by law, except that nothing herein contained shell be considered Any additional advances, with interest, imads by the protect the security of made in accordance with covenants contained in this mortgage. growto"as to the ~93pra, or their succarigan in title, for aral, quipose, as any tirroo before the release and cancellation of this mortgage, but at no time shall the aggregate principal amount secured by imn mortgage, being the amount due at any time an said original note and any additional advances made, exceed the original principal arnat•., I secured kzV this mortgage, being the sum as sit forth above. provided that nothing herein contained shall be considered as limiting the amounts that shat: be secured heretrV vitien advanced to protect the security or in accordance wiqri convenants contained In the rec"93M. WARRANTY: The Mortgagor hereby covenants with the Mortgages that she &j0•1gaillor is lawfully seized of the promises, that the promises we free from encumbrances: that Mortgagor ties good, right and lawful authority to convey the promises, and that the Mortgagor warrants and will defend the title against V J rswlul claims of all persons whomsoever. except ....... Subject .. t0 Fi rS t' Mortgage het d bar ....... Firm .. F.1140.01 Liftcon ........................................................ ......................................................................................................... ....... Amu B-allaince-AMA53.-M .......................... ............................................................................................................................ CWNERSW : if there is any change in the ownership of the promises by sa.0 or olhiprviise, then at the election of the MOFtGOW the unpaid belamn at 1" amount financed Including additional amounts financed together with interest shall become due and payable atone vothous demand or nn'tico. INSURANCE AND TAXES: The Mortgagor shell maintain Piro, windstorm and extended coverage insurance uftQfi the PrOrniW, -�- An amou?•! not less than the indebtedness due the Mortgagee with a loss-pavable clause in favor Of Mortgagee. The Mortgagor agrees nVit AD commit not ppeermit waste On the Promises. The Mortgagor shall pay all the taxes, levies and assessments upon the Promises before they bBccmv delinquent. Iii the event the Mortgage[ shall fail to obtain insurance or PAY taxes and other lions before delinquent, the Mettgagga My either pay them• creating a lien secured hereby for file srnourv.s so advanced together with interast at the annual Percentage vale Of twelve percent 412%1; OF consider Mortgagor in default. t. notes secured hereby we DEFAULT: The Mortgage, is in default if any of the terms and conditions o' this mortgage or the promissurV no t•: Or 0 cur d h breached. Upon default, the n ;!orlqgggis without demand or notice may declare the entire debt secured by ti•es mortgoigu dug at once and MAY foreclose this mortgage for the satisfaction thereof. RENTS: All cents and profits derived from the promises are hereby assilpiud to the Mortgagee and upon default such rents and profits shall be paid directly to the Mortgages to be applied against the unpaid balance of any and all advances socurdd hereby together with interest. Upon rne "ably appoints the Mortgagee and Its default the Mortgagee shall be entitled to immediate possession of the Promises. Thu Mortgagor irrevocably assigns and successors his attornenii•in•fact to rent, manage and maintain the promises as it deems best. and the Mortgagor further agrees to Pay aid attorney a reasqnW* fee for such services. Signed Oiis 29th November..__....._..........._, .. 19 Lo .................. ...... . . UVCr..... ............................ ....... . . ........ .. 74R.-M . .. . . ................. .. ...... ........................ . .................................... ................ .. ......................... ....... .. ............... ....... .............. ................ STATE OF .... iihirigasof COUNTY oF.—Hall ............. SS. lricf•re ine, .1 pul,lic qualified for said county. personally cents Kenneth W Ross An.d...P.atr.i.ci.a A Ross,.Jlusband and Wife ........... m nu moan b• ............. 1w ❑it • idevilital per,on %11•1 qn-:0. the foregoing instrumene and acknowl- 169914011111111likk ged the exet tolov 0i b, tlu .... tbel.r ... .. ... %oloninty act and deed. November 29 WNW ffto oft"* it 1 %%1'1 Nts., rr% hand .-M .. .... ........... 19.i0_ 1:29:14c, - .... .. . . i . . . .................... N.'14TY Public My Cornrm,,.ton t-.xpire, ...Y'arch .10, 1994 0 Z .6 T CJ U C Z LL. u 0 GFCU Form 105 A