Laserfiche WebLink
<br /> <br />Sand promissory. note was riven to secure a loan in which the Small $uaineas Administration, an agency of the <br />U,uitex8 Stator of Arneriea, has participated. In compliance with section 101.1 (d) of the Raalea and Regulations of <br />the 5nA41 $uaineas Administration (13 C.F.R, 307.1 idl J, this instrument is to he construed and entorced in aecord• <br />aace with appticahk Fedora! law, <br />1. The mortgagor c3sveaants and agrees as follows; <br />a l4e will promptly pay the 'vndthtedness evidenced b1 said promissory note at ¢he times and in the <br />msntser thereitt provialed. <br />6. Fie will pay all taxes, asetasmenir, water rates, and other governmental of R:aiuil~al ehargesv fines, or <br />itapositotta, for which provision has not been made hereinbcfore, and will prompt]y deliver the official rat-rl yiv <br />therefor to the said mortgagee. <br />c, fie will p:q atxch expettaes and feu as may be incurred in ciao protection and maintenance of acid <br />property, ineiuding she fees of any attorney employed by the mortgagee for the rooection of any or all of <br />the tndebtedneas htrehv secured, or fareclcvaure hr mnrt}za¢ee'rt sale, or court proceedings, or in any aiher <br />litigation or proceeding affeciinQ said 3aroptrtr. AtfarrlttP~ fees reasanahly incaarre,f in ana ether way Khan hr <br />peed by the rnortaa~or. <br />d. For halite ?etonty of she .,debts<lnrss herrhv .reared, upau rile „-yne-st of the mortgages tie <br />suecesaoar ear aeusa{;ns, he +than rrrcutr sad dtliv~rr a kupplrmtntal martaas:e or nvlrl~a~ea cav~rin¢ env <br />additioru, improvemrnta. :ar }arttrrmente maalr xra the pralrevrv i.rra>inabo..• ^;r,.errbc,i .alai all proptgv <br />acquurd by tt after the daxe hereof ~ al[ iw f+atna saurtattnn to m,artl;a~eea. Furtir{nnnrr, ~hauld rnor[KaKar <br />fail to e,um am default in 3hr parantnt of a l.ra,ar =:r mferinr r•ncaanhraner an the pral,rric described hr <br />this inatrunatxtt, rnnrt};agar 4aerrrv ~agrtrn so lx^rmax rnortrager to rare such .lefault, but uaartgagtr i. not <br />ob}igated 4o du ~o; and inch ad+anct~ *hail laeuxmr lases ~a[ zht in+lydair+inc+~ •rra;red he zlaia inninament, <br />wubject fa xlte *arxte terms and ronditionr. <br />,^. The ritchts rteattd by this cunvrvanrx shalt r<vaain zn (all four and riPect ainnug sacs pu~tpouruirnt <br />or {xtrnavon of zhe lime crf the iaacmtrrx of liar uade~}sivdn{.~• a•ridenr«d bx -,,cal prr,ant~rnra nolr ur am l.art <br />there4/f NrnlCal laerrh\' <br />f. He will conxxnuously ma3ntaan hasard insurance, of such type ter xypes and in such amounts as ¢he <br />~~mortgattee may from u3nm_ to t3mt rr~utr{ un tfar a»Ipruvrmarn3. now ear irrrt.lftrr ..,, -~ai,l 1>ra},a•rlc, ,,nd <br />Mill pay promptly whoa due any prtmiunrs xhrrrfur.:til ineursnrr, s}Sall br earned in companies acceptabl+c <br />w mortgagee and the pcelttits and reracwals thrrtoi vlaail be txei,l b\ mariga~¢ee and have attached thereu> <br />(lass payable elattsts to fever ,.i and an form accaptaiale to the murtytager. In r\rnt of :,ass, mortgagor will ¢;ive <br />immediate notice in wetting to mortgagoe, and mortttager may make laroaf of toss if net made promptly by <br />mortgagor, sad tack insurance cotstpany ranctrned is hereby autlaoriaed and tlirccted to make payment far such <br />laaw directly to xnartRagte instead of ¢o mortgagor' arsd Mori{lager jxlintty, and rite insurance proceeds, ar any <br />part xhere+>f, may be rppdttd br mortg:};tc st txs trp3ion tixher !a zhe re+lucxion of ihr indebtedneaslterebv <br />allured or to tPte rra/xataxiaan or repair of the property damaxed or destroyed. Tn event of foreclosure of this <br />rnort.gagr, or +rytlttr xratuftr 4ai' tnttr to said proprrxv :n rxtsnysuiairmrnt anf she indtlateslneas aeeurrd hereby, ail <br />riRbt, title and iattrest elf rise rn<+rtaaaor in and krr any inaursncr palicita risen in force shall pans to the <br />purtlrarxr xrc nitutg+~gra .,t, a3 xhr a;., •.~rta .,t alve na.artstaarr, new. 1>.- ~nrrrxa.Yrr.•+i Sur ,, r'rt'r,nil. <br />~. lit will ktrp alt ivaalclia~pls au.f ~.i:,a r aruprx.~rua{elzh oaa .arx! pr„p.~rtu iu ~ ,.,+1 repair aaai cos+ditiora. <br />^a ill prrreit, rt#rnmit, axe >ufi€er na ,.a-r., aaa•},..arnrmaat, }{xtrtnraturra a,f waad harp,^aa ear alas part tlaertah <br />an xlrt tvrnx a,f ~fsilurt .+f zlar :ncrrtga, r t. emir ri,.~ l+ualdtn~ <tu Feral lrs+•n1aRr•+ and tha,•,~ ,^rertrd nn raid <br />prtnxixs„ ar a3tr}rreventcsxa« thtrt.,aa, an „.,~€d repasr, star nsarxvxaarr anav uaakr ~eael, rtlaairr a» in itv discretion <br />at n;s} +iernv rt<etrssry fxrr the pr4.f.er frratrvaxaon zhercof. ar:d ti,t fxall snauuaat ,af rarh and +•crre ,nch <br />taarnxrsat shall be anstnr,,lrxte9v sins coal 13sv shit: asses +hali lr{ .,-r;,r{at by tier !i+•n <,( alai. alorl ~a„a. <br />h. Ifie will ~evot volunxaraly crtat+e or prrxavik 3u kM^ ~rratrd agaazux rhr praprrty subject to this mortgage any <br />lines tie liens inferior ar aupenar to tht li.n of this moricta;;{ without the v- ritxen c^snaenx of the mortgagee; and <br />furxl+rr, that hfi will kttix and rnau,asira '1nt -~au.r~ trrt :earn ;hr xlatut of ail ,,rr~ ..:,. ~upplving labor ear <br />n3attriala far Bona:#ruuron a.f any aa,.i alt tr,:~idirls(a va sanprrrveatt+ raa- roaaw briu~ .-reel{rl ear ia> h{ rn•otrrl nu <br />sad prtsntaeaa. <br />+. Hs will net zeari err aasag„u sans patx ref the rent ,af ~ar,l nexzrti;aged }rznprrza ur drnapiirha +n~ a'rnlaa e, <br />asr auEte+tarttially' alter atu brailditao: wiilaarut rhr wrika:va nrxacals of than maart~ake~~. <br />}. All awards of rlaatxages in conr;cction wills aaa. ~a,u.lernnaxawt far parbla.- n.e~ of ur hrjrr r. t<, ana of xln' <br />pra}scriy' sxthjecY ky this nrorigagt are iterebv aaaignr+i arrsl ±.hall lfe paid ru mrrrtuaaes who mat applly lire <br />wanes ar> yaanaens a( klrr installnxrult± .aa ,last under sarcl n,ztx~. aaai naurtaat:ea a- herrha autlaarixrti, in liar <br />nanr{ elf ehc~ rnart~apxar„ to Pxrrzate and alr,lrvsr vali,i atquitxancc,. i a•r=•.at »rui eaa :apyr+•al from aa;v .arch awxr<l. <br />k. 'Yh+ xrzrartgaxrr >lxali have rhr rirtht to in,~p,r ct tlsr <ara.rta.a}ta•r1 iareatu.,-- :,a aaa, n•.n.+anablt airur. <br />2: flefault in any of list rnvrnanxa or condixtans of xhia irtatrumrnt t>r =>f ciao ntatt nr lean aytr{tment stcurrd <br />laereahy shall termittate klxt tnnrtgagoc'# ri~ltt zn l+,asscssion, use, and enjoyaotni of the prx,pr ri+'. at rhr taptian of zhc <br />aaarr¢satysr. ar hu aar0.gats ^it hw~"n}i a{;rta*d that the m.urigagpr shall have auclx rigit¢ until drfaulti. t%parx any eurh <br />drls:.li„ rhr mxarx~gar s'nall la,rtanxt the owner of all of the arnta and frafitr aca~rcu:rK aft{r drfarah,a,`. >Irc,xritr <br />foe aht sne3el;Ettsinarve aeezrrexl }rerrhy, wi31h tls,. rialat ko rrax~ruprsu acid prntx,rxy~ Yrrs tftc purjraae nf'crrllrcting such <br />rtnis and ptaa$ts, Tliia inskrtsn%tn.t shall apora3e as art assix3rattt ~f any eons alR .>n raiel pre+prny to ziaat ratxanx. <br />a $%.d: Y:„.~ NL,t 's 1'A ? 3- 5 is <br />