86100988 - Laserfiche WebLink

Browse

n lhc eed'- -4;h" bF' tRkr" b% emiawnl domam.the MOT4101" is evipavend so eadect and receive all coarpemnabon which ravy be paid for any property Laken or for damages to property WX takm and Uw4pre *49 apply suct compensation. at its option. either to a reduction of sine indefteduess secured hmwby or to Rpm and restore the property so damaged, 8- PWA— by MW*MW McnP90e May, but shall have no olilitpitton- to do any art wtkt the MortiggKw has apron! but 'Fail Is do, md Mortyppm may alw do any am it deean necessary to protect the ben hereof. Mortgagor 64r"a 10 IMM, UPGR demand, MY sum 90 e%PVDdPd by the Mortpr" for the Above PmPcres, and any sum so expended by the Mw*Mw " be added to The 131401*6diless scarred heretil, and become subject to the lien hereof. Mortpye, AM not am =Y PBN=W belAitty because of anything it min do or omit to do herruittler. 8- 90601t; ANIVNIMs"t0f RMOL Tme is of the emenop hereoL and upon MortgagWii default many emenaut ,arapaemwntzfthts Mortgage,inciuding -covenants to pay vehen due the sums secured by this Mortgage, the JjortVVe dmLq be ON6610C At AS SOW option and vidiout notice, is declare all sums secured by this -Mort9W to be ituniedliately due, and PWAMP Mad MY -mm— f—ClOWIT Of this Mortgage by jud-W proceedrap; and, provided further, that upon such 4690ft Mwe Jfartpgee, or a mwmrrer appenaed by a court, may at An option and vithout regard to Use adequacy at the as y, Voter Apon and take posseaw, --f *e Property and collect the rents, vians and profits therchum and aWy them &A to the cost of collection and operabon of the Property and then upon *be indebtedness "cared by this Mortgagee; and units, imam and profits .being assigned to the Mortgagee as further security for the payment of the indebtedDess aecumd hereby. 10. der of Property, If all or zury part of the Property is sold or transferred without the express written cm- sent at the Mortgagor, Mortgagee may at its sole option, declare at] &urns secured by this -.Mortgage to be immediately due and payaMe. IL Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances zo MOrtMw. Such AN111311CM with mberes! thereon, shall be sem" by this Mortgage when evidenced by promissory notes tlatmg that said notes are secured hereb%. At no time "I the principal amount of the indebtedness secured by this bbatpp, act including sums advanved to ,protect the security of this Mortgage, exceed the original Note. M Miawflaneous provisiarts. (a) Any forebeamce in exercising any right or remedy shall not be a waiver thereof- (b) All remedies Provided herein are distinct and cumulative to any other right afforded by law oz equity, and may be exercised -,oncurrently, jrvdependently or 6isecessiveh (c) The covenants and agreemeriLs contained herein shall bind, and the rights inure to. the respective successors and assigns of the Mortgagor and the Mortgagee. (d) All covenants and agreements of the Mortgagor are Joint said several. (e) The headings of the paragraphs of this Mortgage are foe convenience onI3 and shall not be used to inter- pret or define the provisions beyeof- 13. Rthase. Upon payment of all sums secured by this Mortgage. Mortgagee sh"' discharge this Mortgage and shall execute and deliver a satisfacto.i• release therefor. IN WITNESS WHEREOF, Mortgagor has executed This Mortgage an the 2 5 day of Jan- 19 r- X CDA"-4!*�P 9k P4,4 %te at Nebm*&, Hall ck)UPrV 5s: On this ath day Of--.-. Yebruary 19 86 before me, the undersigned, a Notary Public d&dy conzatkakiarti and qualified for said county, personally carne Douglas Barker and Patricia Aii"%-- --------------- identical Person4s) whose naine(s) we ilibberibed to the foregoing to be t'hp i T. voluntary act and deed. Witte my hand and notarial sea! at -- Wood R' d@W afowaaW . my cumininum expires; mum "raw - SLO..0 bwb LUM E WELCH JR. ka * ftW EW in. A lop LV �IK 1000-MbbW lmnd8 and Kvcord-; - to me known to be the ged the execution thereof I iin mrinty, the