The URL can be used to link to this page

Home My WebLink About2368 ~'4 r-- 4 ~~ c.:o ,>00: OI::C-~ ,<:,-" c::>= 3, If thl' tottU of tilt' }lln'mLnt8 made by th{' 11ortgi\gOr undl'r (a) of pUIIl~rllph 2 prl'('l'dill~ shull t'xcl'l'tl the' amount of paymcllh actullllJ IIUIode hy the ~lortgag('{\, ~o: ground rl'lIt~, taXt-S !'.1Il1 nSg";>...'HII('''I'', 1111,1 ill"lIrI\IIC~' premiulTl8, as '.he CtI.SC may bt>, 8ul'h e:-cceAA shtUl be cretl:tt'd Oil gU~IWqUl'Il( PllYIIH'lItg to Ill' IIlIUlo- by Ihl' ~tllft- Kagvr for s'Jcll it-ems or. at Mort~agoo'8 OptiOll, sh&l.l be refulllll'd t4) ~fort~a~N, If, h')Wt'VN, glll'h IIlOllt hly <.'paymt'llt8 shallllot be sullicicllt to pa)' such items when I h.., sa!lll' shall IWt'ome dUt, Iii III pa vilLII', 1111'11 I lit' -.-JMorlgagor shall pay to the Mortg&gt'e any I\mOullt nect"llS&ry to InI\kP up thl' dl'fit-il'IICY. Sucf: PllYIIIl'lI1 shu!1 u-he made within thirty (~JO) dRY8 after written notice from the ~lortKllg"" stilt ing I hI' IlIlWlIl1t of I hI' Jdll"iI'IIC,\, ~which J,lotice may ~ ~vell by mail. If at any tin\(' thl' ~lortt:agor shl\ll tl'llth'r. to ! Ill' ~h'rt~llgl'l' in Ilt'{'ord- :z::aac~ wlth tbe proVIS10ns of the nott' secured hereby, fUll 1>I\YIII('l1t of thp entln' IIldl'htl,dlll'SS J"l'pr,'sf'lltt.d 5thereby, the Mortg~eo shall, in c~n~putillg the &rnoun~ .of !>uch ilttlt.~tl'~lrH'i\S, crl.<lit ~o till' account o~ till' LJ~lortgagor any credlt. balauce remlUllJl~ untIl'r tll€' pronSlOllll of (a) of said pllf!l~mph l. If tlll'r.' sll/lIlt... IL ~dl'fa\llt undl'r any of tho provisions of this mortglt.Fl' rt'l>ultill~ ill II publit~ sill I' of thl' pn'lllist'S l'{lWr..t! Iwft.by, <Jer if the Mortgagee 8.('quirt'8 the proprcty othl't'W1Sf- aftl'r tIl'fl\ult, thp ~tortg:\gI'P sholl IIpply, lit till' timl' of 3tl:e con::-menct'Dll'nt of such procl't'.lin~8 or at the tim(' thp pmpl'rty i~ otlll'rwiSt' llcquired, th., 111l1\1l1l1t IIII'll . rt'lliaining to crt'dit of ttort~~or undl'r (1\) of par~rl\ph 2 pn'('l'din~ II~ II crl'dit. 011 thl' intl'r,'st IH'Cflll'd IInd ~ ~npaid anti the balance to thl' principal tllen remaining unpllid on snid now, 4. He will pay aD Well, ~nent3, water rates, ~d other governmental or municipal charges, fines, or iropo8ition8, for whicb pro'\iBion bM not OOt>n mnde hereinbefore, and in def:l.Ult thereof the Mortgagee may pay the same; and that he will promptly deliver the official receipUl thaefor to the Mort,ga.gro. 5. He will pcr.nit, oommitl or suJIe! no wute, impairment, or det.('rioration of said propl'rty or any part thereof, except rea81)nable wear and tear; and in the event of the failure ,-,1' the Mortgagor w keep the builtlin~ on said premise8 and thoee to be ereetM on 811.id premi8e8, or improvements tll<'reon, in good repair, the ~lorlgllg('C may make such repci16 &8 in itAt di8eretion it may deem neeesea.ry for the proper preservstion thereof, and the full amount of each and every such payment 8hall be due and payable thiity (30) days aIter demand, and Bhall be secured by the lien of this mortgage. ' 6. He will pay all and 8ingular the ooeta, charges, and expeIUle8, including feMOnable l8.wyer's fees, sld costs of abetracts of title, incurred or paid at an)" time by the Mortgagee because of the failure on the part of the ~I ortgagor promptly and fully to perform the agreements and oovenants of said promisBory note and this mortgage, and said 008U11 charges, and expenses shall be immediately due and payable ana shall be secured by the lien of this mortgage, 7. He will continuously maintAin hazard inaurancel of such type or types and amounts as ~tortgl\!;t'!' may from time to time require, on the improvements now or hereafter on said premises, and (':-ccept when payment lor all such pr:emiumll hBB thereto!ore been made under ,(8.) ,of paragra,ph 2 heroof, he will pay promptly wh('n due any preuuUID8 therefor. AlllDSur&;lC6 sbtUI be earned ill compa:ues approv('d by :\tortgagee and the poli- cies and renewala thereof shall be held by Mortgagee and have attached tbereto loss payable clauses in favor of and in fonn acceptable to the :Mortgagee. In event of loss he will give immediaw notice by mail to :\tortgagee, and Mortgagee may make proof of loss if not made promptly by ~lortgagor, and each insurance company concerned is hereby authorited and directed to make payml'Ilt for such loss diredly to ~lortgag!'e instt'l\d of to Mortgagor and Mortgf\.gee jointly, and the insurance procC{'{ls, or any part tberro{, may be applied by \tort- gagee at its OptiOL either to the reduction of tbe indebtednC68 bereby BeCured or to tbe ro..<:torat.ion or repair of the property dam~ed, In ev"nt of foreclosure of this mortgage, or otber transfer of title w the mortgaged property in extingUl8bment of the indebtednesa secured bereby, all right, title, and interest of the ~tortgagor m and to any insurance policies then in force sball pass to the purchaser or grantee, 8, He will not execute or file of ri'cord any instrument which imposes Ii rl'8triction upon the salt' or OCI'I!- pancy of the property described herein on the; basis of neel color, or creed.., 9, The Mortgagee may, at any time pending a suit upon this mort!!ll(.."C, apply to thp courIIul\'ing jnrisdil'. tion thert'Of for the appointment 01 a reC{'lver, and such court shall forthwith appoint a rl'cl'ivl'r of till' prt'lI\i"I's coverro hereb): all and 8ingular, includin~ all, and. Bingular the incoml', prot~ts, i,;sues, I!.nd revenuI's frolll wlla t. ever source dcrtved, each and every of wluch, It bemg e:-cprt'SSly understood, IS hereby mortgagl'tllls if sp\'t'ilit'lIll v Bet forth anti described in the granting and habt'ndum dau~ hereof. Such appointment shall Ill' IlHlde h\' such court as liD admittt'd ('quity and a mattt'r of absolute right to said ~lortgag('e, anll without rl'fcrenec t~) the adequacy or inade'quacy of the valUE' of the p~operty ,lIIortgagl'd or to th(' solvency or insol HIlCY of said ~fortg8gor or th(l defendants. Sueb rl'nts, profits; mcome, 188Ut'll, and rev('nues Bhall be applil'd bv such r,'Cl'iHr sccording to the lien of this mortgage snd the practice of such court. In the ennt of any dl'fllillt on tIll' part of the Mortgagor hercundl!r, the ~lortl1:sgor agrees toO pay to the ~lortgagl'e on denllmd as a re8S0nuhh. monthly rental for the premisn an amount at lesst eqUIvalent to one-twelfth Oil) of the s~regatl' of the tWl'ln monthl," installments payable in the then current yesr plus the actual aUH'>lnt. of the annual ta:-Ct's, S,'IS."s.." men t..<: , wlltt:r rat~, sod insurance prcmiums for such Yt'ar not covered by the aforesaid m~nthly paYIl1l'nts. 10. In the ev('nt of my brN.ch ,of this mortgage or default on the part of the ~rortgagor, or in th(' event that any of said sums of money herem rl'fel'!etl to, be not promptly and f~I.ly paid sccording to the tellor herrof, or in the event that esch tUld every the stipulatIOns, agreements, eon{htwns, and coveIlants ,..,f "aid note and this mortgage, are not duly, promptly, !illd fl~lIy perfor':lled or if t~le ~Iortgagor be atljllllieatell bankrupt or mwe defendant in a ?ank~uptey or recelYers~up procee(~mgsi th~n III ~Ither or an~' such eHnt, tIll' sftid a~rt'- gate sum mentir>ned 111 Bald note tben remammg unp~ld, Wlth mt~re8t accrued to .that time, and all 1lI0llt'Y Ilecured hereby, shall b~come due ~nd payable fortbvnth, or,' ~herl'llft('~, at the optlOn o.f said :\Iortgl1w~e, as tully and (,-Omplete!y as lf all the SAld sums of money wer,e orll(lIIally stlpul~ted w be pl\ld on such tla\" an\'- thing in said not13 or in. this mort~age to the contrar~' not.wlthst~aing; ~d thereupon or thereaiter, at the' ~ption of said Mortgagee, wtthout not!ce or .de~an~, s~u.t at Is"\\" or ill eqUIty, ma,v be, Plose<:uted as if all monpvs secured hereby had matured pnor to Its mstlt.u~lOil, 'J.!le ~fortgagee may IOreclO8C thiS mortgage, 1\8 to thl' a~ount so declared dut' and payable, and the said pr~mlS<:<j shall he sohI. to satisfy and pay the SUIll!' tO~l'IIll'r WIth c-osts ex penJleS , and allow~~, .In C88C ?f partial foreclosure of thiS mortg!\gl', the mortgRgl'd prPIlli"p" sh.ll be soid subject to.l~le ~nt-ill~ lien of thl8 mong~e for the ~mount of the debt not tIwn due an,1 unpllid, In such caae the proVl&lOI18 of this paragraph may &gall be li.vailc.d of t.hcreaftt'f from time to tinw uv thl' Mortgagee. . 11. No waiver of any covenant herein or of the obligation secured hereby shall at any tiulf' Ihl>rcllftt!r be held to be a waiver of the wnns hereof or of the note secured herehy.' , 12. Thtllien'of lllls instru~pent. shall remain in iuli for<'e and PfT~ct durip-g any postponcm('nt or l'xtension of the time of payment of the mdebtOOneaB or any put therwf IlecurNl hereby, 13. Thi8 mortgage ,is given to secure the purch~ money, or a psrt thereof, of the land8 hcrl'in described and is execut.ed ~d delivered conh:mporaneously V:lth the deed ther<:!for. 14. If the Mortgagor d~f&ult iil any of the con-.nanl8 or agr,>emenu c-ontained her-eiu, or in said note. then the Mortg~e ms,y Pf'rIorrr the saIDP., and all expenditure8 (including reasonl\ble atlomev's f('('8) made bv the Mortgagee m 80 doing shall draw interest at tho raW provided for in the principal indebtt>dness, flnd shi,ll he repto]&ble thirty (30) daya after demand, and, together v.-ith interest and COSt3 accrued thereon, shllll be securt..>d by thill mortgage, 15. Upon the request of the Mortgagee the Mcrt~agor shall eX~l1te and delive~ 11. .~pplemental note or notes ~or the 8UJ?l or 1~18 sdv~ced by the Mortgagee for the alteration, modf,rmzsholl, ImproYeml'nt. main- tenknce, or repau of ,8A1d prem1lle8, for taxes or 88&'6aIJlentA agr-inst tbe l&IDe and for any other purpose author- il.M hereunder. Said. note or notes ahall be 5e<:urert hereby on a parity with bnd as "fullv 88 if the atlvance evidenced thereby "';ere included in the note fint d6lk.'7ibed aihove. .Said rmppieIDental note or r Itt.'8 shall bear .' ~'Ill't"""e.!'f~1~~~fm~~"':'''''''-''''7:-'":,,,.,-~._.. ......~..- -'~':~~~':-'''''::''' .-;