|
<br />Account No.
<br />
<br />64352-4
<br />
<br />OPEN-END REAL ESTATE MORTG AGE 88- 107021
<br />
<br />._~!...l.hJ5!~.j~P..~~.~.~...~.J:.:'a:r~ly ~..a.".,~~..J~ M\:r...~..~.W!.-.w.................... . h.r.lnalt.r
<br />~llIed the "Mon.llor", dnCh hl:ll:h~ mnrllugc 1'1(" Io--l:u\YInB d"'l'oL:fl\1c:d (('.ai cl.IBle:
<br />
<br />_Lc,~. .:~,. !~a)......in..SJJnset...Sixl:h..Subdivisicnl i.n...the ..Ci ty....of..,Gr.a.nd...Ialand,....Hall....................
<br />~.'?.l;!'.:.~.!. ~..~~!?.r;:~::!~.:....................................
<br />
<br />h~~.~.i~.~ri';~....~~"fi;~rlh.;..i.;p;.~.;.;;i;~;...;.:..i~.....B~.li.F~d~;;i..Cr..dii. u~i~'~':" tl~.~~.i~a.it~.r..~nii.~.d..ih.~ ;;Mor.i.K~B"~.;-;..;.....i.~..;~~;.i.d~;;tioii..~..ih;
<br />amount, flnanc.d by tho MOrl.a... in lh. sum of .~.1'lJ.1I.1'l...';J;'hp.\1,Sanc;!...a.nd..J:l9/~QQ.tl:la:c"'-::c:=.c:=.:c::-.-::=.=.-:::::-..:::::
<br />..=:::::-_~.=-========:=;::::::-.=.::::::::::. ($ ..!.?!.9.q.l?..~5?9..m. ." ),rece.pl nf which IS hereby acknowledged,and in
<br />Donlideration or covenants and IllI'ccmcnts hereinafter StH forth:
<br />
<br />PROMISSORY NOTE: This mortgage I, given to secure payment of the dmount financed together wIth intorest, eccordlng 10 the terms of
<br />thl Mortgagor'. proml~sory note of this date.
<br />ADDITIONAL ADVANCES: This mortgage shall secure any additional amounts financed together with inlerest, which may be made at the
<br />mortgage,'. option at any tIme bafora the release of this mortgage provided, the aggregate amount secured shall not excoed the maximum
<br />amount permlued by law, UCl!Ipt thet nothing herein contained shall be considered as limiting the advances iecured herein which are made to
<br />problct thl lIeurlty or made In accordance with covenants contained in this mortgage. Any additional advancos, with Interost, made by the
<br />mortgagee to the mortgagor., or their successors in title, for any purpose, at any time before the release and cancellation of this mortgage, but
<br />It no time Ihlll the ag9n191" principal amount lecured by this mortgage, being the amount due at any time on said original nota and any
<br />.ddltion.1 advance. made, axceed the original principal amount secured by this mortgage, being the sum as set forth above, provided that
<br />nothing hire in contained .hall be conlidered el limiting tha amounts that shell be secured hereby when advanced to protect the security or in
<br />Iccardlnce with canvenantl contlllned In the mortgage.
<br />WARRANTV: The Mortgagor hereby COWMnts with the Mortgsgee thllt the MO'"tgaoor is lawfullv seized of the premises, that the premises
<br />lire free from encumbrance.: that Mortglgor hel good, right end lawful authority to convey the premises, and that the Mortgagor warrants and
<br />
<br />!..~.~;.r~g~~1~~~!'!~~~~~~~~~~~~~~9;.:.~;~J.~.~y.~~.~~r.\;o;~i.;~?gh~);ii9.:::~~::~9~::~~9.9.);~~);9.ri:::::::::::::::::::::::::
<br />
<br />............................................................................................................................................
<br />
<br />OWNERSHIP: If thlre II Bny change in the ownership of the pramlses by sale or otherwise, then at the election of the Mortgagee the unpllid
<br />blllnct af the amount financed Including additional amounts financed together with intere51 shall becom~ due and payable at once without
<br />dlmand or notice.
<br />INIURANCE AND TAXES: Tha Mortgegor Ihall maintain fire, windstorm and extended coverage insurence upon the premises in an amount
<br />not II" thin the indlbtlldne.. dUll the Mortgegee with e 101l.paY8ble clause in favor of Mortgagee. The Mortgagor agrees not to commit nor
<br />parmlt WlltII on the preml.". The Mortgagor Ihell pay ell the taxel, levlem and aSS8ssmann upon the premIses before they become delinquent.
<br />In thl IVlnt the Mortglgor Ihall faU to obtllln In.urance or pay taxes and other liens before delinquent, the Mortgagee may either ,pay them,
<br />crlltlng I IIln ncurad herlby for tnB amounts 10 advenced together with interest at the annual percentl!lge rate of twelve per cent 112%); or
<br />conlldlr Mortgagor In default.
<br />DBFAUL TI Thl Mortgagor II In dlfault if any of the termsl!Ind conditions of this mortgage or the promiu:Jry not.: or notes secured hereby are
<br />br..ch.d. Upon def.ult, the Martglglla without demend or notice may declare the entire debt secured by tl:is mortgage due at once and may
<br />for,ela.' thl. mortg.g. for the ..tldactlon thareof.
<br />ReNTS: All r.nU Ind proUt. derived from the preml". are hereby BSligntld to the Mortgagee and upon default .uch rentl and profitl shall be
<br />Plld dlr.ctly to thl Mortg.gee to be eppllad agllnn the unpaid balence of any and all advlnce. lecured hereby together with interest. Upon
<br />daf.ult the MortQlQlI .hlll be entitl,d to ImmBdilte POIHlllon of the premi.,.. The Mortgegor irravoclbly appoints the Mortgagee and its
<br />a..ignl Ind 'UCClIIOrl hi. .nornlv.fo.flct to rent, manage end ml!llntain the premilel as it deeml belt, and the Mortgagor further e;r811 to pay
<br />IIld Ittornay . I'Il1onlble fee for luch IUrYlcll.
<br />
<br />STATEOF....~........ }
<br />SS.
<br />COUNTY OF......lBll............
<br />
<br />Sign.d ti>'ftl.'i!.~...n d~y o~.a:~ac.e.wbil~..............._-. ICJ86....
<br />.~..;!:;&,d'/Lt.............._._..._.._.._.._..__.
<br />
<br />:~~~~~;..~~~~~=~~~~=
<br />
<br />Mortg8sor
<br />
<br />licr~\re me, d Nutary Public qualified ror said county. personally came
<br />~!..!3,.I5!'.~..~.~~..;r:...~...~~!X..~..~..~~.:!.:...~!...~..~ Wi.Ji
<br />tll me knllwn to b~ the Identical person who signed the roregoing instrument and acknawl-
<br />
<br />I iBMl =Y~kI ed lhe eltel'ulll.1l1 thereof tu be ...._... ..~.............. voluntary act and deed.
<br />
<br />I..,., r-. ~ IIn It 1~ WITNESS my h.~.~..~~.I.~.[;:~::.~:.L:::::~=::::::=::~.:.:==~
<br />Notary Public
<br />My Comml..lnn Expi,..: .......~.lQ..J,m........ ................ .
<br />
<br /> ~ I 1
<br /> .
<br /> l't !!: 5
<br /> l\ d "B
<br /> j ."
<br /> '!I .( g "
<br />III ..
<br />~ 11 ~
<br />-. ] . .
<br />i i: 1 ~ "
<br />I I u
<br /> ..
<br />. ~
<br />~ ~
<br />~ Z .. ]
<br />g ~
<br />15 ] '0 01
<br /> I
<br />j!: ] ~ " I i
<br />< i "
<br />ti . I
<br /> .. ;;
<br />.,cu 'afm '01."
<br />
<br />;.,:,;
<br />~ !;
<br />~c
<br />~~
<br />; ~
<br />~~
<br />dO
<br />
<br />~
<br />.
<br />..
<br />~
<br />
<br />0 !5
<br />...
<br />z i
<br />'" ~ i ~
<br />::>
<br />;-
<br />OJ; I,i
<br />'"
<br />c
<br />OJ;
<br />C
<br />0: ~h
<br />0
<br />u
<br />OJ;
<br />'"
<br />7 i
<br />;;
<br />
<br />I
<br />
<br />=1
<br />
|