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Home My WebLink About23373. It We total of the pa cuts made by the Mortgagor under (a) of pangnpt~ 2 preceding shall exceed the amount of payments actually made by the Mortgages,- forgroand revs, taxes and assi~esmenta, and insurance premiums, v the case auy be, such eaoess shall be credited on subsequent payments to be made by the Mort- gagor for such items or, a Mortgagee's option, shall bs refunded to Mortgagor. It, however, such monthly payments shall not be su~eient to pay such items when the same shall become due and payable, then the ortgcrgos shallp~ to the Mortgagee aqy amount necessary to makeup the deflcienoy. Such payment shall be made within thirty (30j days aftor wnlten police from the Mortgagee stating the amount of the deflcienoy, which notice ~ be Riven by mail. If at time the Mortgagor shall tender to the Mortgagee in accord- ance with the_ proviswas of the note accused hereby, full payment of the entire indebtedness represented thflorre~bgy~the M shall, in oompnugling the sanounl of such indebtedness, credit w the account of the default nnd~ ~~ nsathis~mo~ ~e ~result~~ng~~ ~ a ublic sale of a remises covered hereb a or It the Mortg fee acquv~es the pmperly olh alter de3ault, the Mortgagee shall aP y, at the time o~ the oommenoement of such proceedings or at the time the property is otherwise acqu ,the amount then rergaining to credit of Mo under (a) of paragraph ~ precedic~ as a credit on the itlrterest accrued end unpaid and the balance to tbs principal they remunin~ unpaid oa said note. 4. He will py- sa taxes, aeuessmeaa, wales 6nb~d othee g~o~eznmeuW or muaioipal charges, flues, or impaitlons, fox whleh peovLion bas sot been made bs~ei ore, and in ddault thereof the Dortgages may ppy the same; sad that hs wiII peompt~j- daiiver the cfscial receipts theretae to tbs Mortgpges. b. Hs wW pesmit, commit, oe sn~sr no waste, tmpaiemeatt,, oe deteeioeat3on o[ said property ce thereof ' a:oept reasonable wear sad tear• sad in the event o[ the is3lace of the Mortgagee to keep the bu on said pc~eanises and these to be crested en said psemises, ee improvemeaa thes~eon, in good repair the Mortgagee may maloe such `spats m in is dtsaetbn k may deem necessary tar the peeservation thereo~ and the toll amount ~ ~ t than b due apd pgpabls thirty dqs attar demand, an~ Shari be scoured by d. He will ps3r all and dngulat tbs suss, ~ar~es and eacpeoses, including r+easonabk Lwyer'a fees, sad costa at abstraca of tltle, inou:ced or paid at say time by the ~datgKes because of the failure on the part of the Mo promptly and fu1~ to perform the agreemanb and oovenaab of said promissory note sad tbL mort~e, as cuss, e6arges, and expeosas shall be ico~medlatejy due and py-abls and shall be secured by the lien of t~i-s mortgs$~e. 7. He w>71 eoat~innons~ maintain hcrsard inennaoe, vt wch type or and amounb v Mortgagee may ~ time to time require, on the impeovemena now or hec+estae on sad except whoa payment for sIl such premiums Las thes+stodose bees made under (s of patagra~h 9 hereof ~e will pyr promptly whew due any premiums therefor. All insurance shall be in oompances approve by Mo and the poll ties and renewal thereof shall be bold by Mortgagee sad have attached thereto las payable uses in favor of and in form acceptable to the M Ia event of bas he will give immedute notice by mail to Mo sad Mortgagee may make ps~uofa~ it not made promptl~ by Mortgagors sad each insurance comp onM ed ~s) ~ ~authori:ed and ~ ~paymen for~ench bet du~ectly to Mortgagee instead of t~ Proceeds aW Part theros area pp • by Mort- gagee nor t~ t~~s option eitht~~redricti~on of the indebtednsss hereby ss~red or to t~e r+ storat~on or repair of the property damafled. In event of foreclosure of this mortgage` or other treader of title to the mortgaged property in t of the indebtedness secured hereby. ab right, title, and iy~tecat of the Mortgagor in and to aq7 insurance policies then in torus shall pass to the pnrohasee oe grytntee. 8. He will not execute or file of record wy instrument which imposes a restriction upon the Bale or occu- pancy of the property described hes+ein oa the basis of race, Dolor, or: creed:: t ..•. . S. The Mortgagee may, at asy time pending a suit upon this mo tg~ge apply.to the court having jurisdic- tion thereot for the appointment of a receiver, and such court shall tort5w'it~ appoint a receiver of the premises covered hereby all sad singular, ineludin~ all aad.aingnlar the income, profits, Issues, and revenues from what- ever source de~nved,.eseh and every of whmh, iL_ being expressly understood is hereby mortgaged as if sgecifi ly set fu`rl` and described in the granting and um dawes Lereof. ~ueh appointment shall be mad~y such court as an admitted equity and a matter of absolute right to said Mortgagee, and without reference to the adequacy or iaadeeqquaey of the value of the property mortgaged or to the solvency or insolvency of said Mortgag or the deterndants. 8uchrena pro6a,Inoome, issues, sadv+sveaues shall be applied by such receiver according to the lien of tLis mortgage an~ the practice of such court, Ia the event of any default on the part of the Mortgagor hereunder, the I1~ocrtgagor a~~ees to pay to the Mo on demand as a reasonable monthly r~tal for the prem~-eses an amount at least equcvaleat to ane-twelfth ,) of the a~e~gate of the twelve monthly installments payable in the then current year plus the actual amount of the annual taxes, assessments, water rates, and insurance premiums for such year not oovemed by the aforesaid monthly payments. 10. In the event of say breach of this mortgage ar default on the part of the Mortgagor, or in the event that any of said sums of money herein referred to be not promptly sad fully paid according to the tenor hereof or in the event that each and every the sti lions, agreemena, conditions, sad covenants of said note sn~ this mo ,are not duly, promptly, and tu11y performed or if the Mortgagor be adjudicated bankrupt or merle defendant is • banluvptay or receiveushi gate sum mentioned in said note flear~s~n ~Pg ~~ then ~ ~~ or any such event, the said aggre- secursd hest eha11 beetrnss due "end ble i uaP ~~ interest •ocrued to that time, and all money by Pays orthw~it ' or thereafter,' at the option of said Mortgagee, as inlly sad oomp~etelyr a. d all the said sums of money wer+e~ originally sell ulaled Io ,~ payd m- such day, any- tLing msaid note oe lac this asort~age to the ooa not~ithet~ad~g i ~ thesbupon ~ ~~~, at the option of said M ,without notcas a demsed, snit aL IiYr at' is equity, btuy be prosecuted ss if all monoys secured herebor y 7ud matured prior .to is iastitut3on. TLe M may ier~ec]ose this mortgage, as to the amount so dedar+ed due and payable, and t'he said premises shallsold to satisfy and pay the same together with exists eatpbuaes- emd diowanoes: Ia case ei partial torec3oe~urs of this awrtga~e, the mortgsgrl premises shall be sod swbjest to ilcs sosdinuieeg lien of this foe the amount of the t not then due and unpaid. L such case tli4 A'oviMOw et tii~r paragraph man ~~ h1r aYac'ied ox t~hseedtar tlpom time to time .by tlu M Im~~ ~~ Ltl~ie oov~enaat he:+~a ar a[ the ~ ~ ` • ;. ~, .~ abligstioe- asaaed.hsesby shah at any tin0e thereafter be held to bs a waivse o tssms L~sreot ar of 1he- vats seew:red hse+sby. , . -~ . , , .. 18. Tlcs lien of thus instrument ebaIl remain in full force and .eSect during say postponement or extension d the time of payment of t~s iadebtedosss os spy Part thereof secured t~by, _ • . ' li. This is given fo seaete+s list p ,a' s p~ ~erot~ ai the laeda. bar+eio, described sad iec s~pieouteda~y~weud astir wki the. ejeect tL,iu+eiot. . , , i~. It fir ildgrt;ageie der/anlt ip atiq- td the oovenaaQis see •~eeu.~a etoatr.iasd heresy, a he grid nuts, thsa fir M rm-7;p~eefoma tie ~, and a~ ia~ at~torrrel-'s test) marls 1-y tie yes llt _ is s° ~ l ~ ~.ppen~ ift psaeiPai ~aad ahaH~be 07s tieuty.(S6) at~r ~,~ 4~N14~ . i~tNiN- ,oo~q~ aos~M¢h~~ea~ron,~ahaY4eMSeeerd ~: his moetg~e• • ,. . !6: Upon ~thf i+equest ct tie; the ~ stiaIl ~q sad diver a soppiemestai `rots a i ~tiy~ ~ ~dvaneesli~~I;tartga~es ~c~r the als~tioa, ~e:ai:itian, impsnwm~eaty main- gor.taacas ar yptisist ~ racers` t~ toe as ,rt~rer.lWr~autimsL svldeno~d ~'' ~.~rah~~~>~ ~~~ ep s+ eed ~i-epe:.as ia~~lr. adtnrewa 8s~~~l~i~gea~.t aot~e oe ~..~ beer ;~~31( :~l~j <' ~' ~ ~