Laserfiche WebLink
<br />MORTGAGE <br /> <br /> <br />The Mortgagol' <br /> <br />r <br /> <br />South locust <br /> <br />Corporation {Mortgagor), coaveys to <br /> <br />(Mortgageel the following described ra'll <br /> <br />See Exhibi t "A" <br /> <br />This mortgage is given to secure <br /> <br />mortgage note in the sum of One HunG"H. <br /> <br />Dollar's ($175.000} from ':h_: MOf<-t.:",;,,:gor' t.o th.e <br /> <br />date and constitute a security agreement with <br /> <br />attached to the property. <br /> <br />, <br />, , <br /> <br />warranty of Title. <br /> <br />the Mortgagor has lawfully seized the fee simple tit~e <br /> <br />perty free from enClHllbrance except a first mortgage in <br /> <br />Continental Mortgage Company and has full authority to <br /> <br />the property and will warrant and defend the title to tb. <br /> <br />agalnst the clalms of all persons. <br /> <br />Payment. <br /> <br />Mortgagors <br /> <br />thereby secur'ea when due. <br /> <br />J. <br /> <br />Taxes. <br /> <br />Tbe mortgagors shall pay all taxes. aasea- <br /> <br />ments ana other Charges which shall become liens upon the pro- <br /> <br />..uJerty when due and before del inquency. <br /> <br />" , <br /> <br />Incurance, <br /> <br />Tne Mortgagors snail ret.aln fire ano <br /> <br />extended coverage lnsurance covering the improvements on the pro- <br /> <br />party with such company and in such amount as shall be satis- <br /> <br />factory to the Mortgagee with the proceeds of any loss payable <br /> <br />to the mortgagee. <br /> <br />Upon foreclosure of this mortgage or other trans- <br /> <br />fer of the title to the property in satisfaction of the indebtedness <br /> <br />secured, all right, title and interest of the Mortgagor and into <br /> <br />sueD insurance policies shall PaSS to the Grantee of the property, <br /> <br />5. <br /> <br />Tax and Insurance Escrow. <br /> <br />A t the e 1 e<: t 10 n 0 f t b e <br /> <br />L <br /> <br />Mcrtgagee, the Mortgago!"$ shall pay to the Mortgagee a mon\.hly <br />