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HomeMy WebLinkAbout1171 Wi '14 -421 -:> " .. ~ ~,,~ . 3. U the Lot.al of ~ ~....... btUie ~.... ~a) of,. ,.,......p 2$, 'lhaIleXCHCl ~b. amoaD~ 01 paJIDIDY aewen, made b" tM M~" ...... ._ ad 'uc1 u..aru- ~ .. toM ... ..., tie. .... .... 8beU .. ancti.. " 'a.J1MD. .. be ' br \be Men- .... I<< .....ch __ pr, M M........ ~ .u&l IN reIudecl &0 . If, be",.., ... _t"-br ~...... ~ he ...-w-, &0 ,.7'" lUmA ..... ~ ... -..0 due u4~DUabIei. ... . . ~~~~(:;~-::.w....aa::.~~~=~=t~=~,.1~ wWah ..... be Jl'Y. ~ mail. U.... ,u.. alae ~, Mader &0 the W.......,iD = .... wida....S 01 toM DCM ~'''''', Id ~~ u..,.tIre iDdebMld... .....n.,.d .....by, .. .... in OOJDPUWII ..... ...... 01 ... i~-. cnclil ...... aoGOPl of .. ~ uy' baluace ~~niz.--'u.. jII'O~ of (a) 01"" ~ 2. ~ Uaere:~be a ~e(~ J.. T~=:::=--;.;'pen, ~~:&t~~1ii: ~l a~~ = tM eollllMDONlM8l of Iueh ~ 01' U ... Ume tile pro~1 Ie 1ICCluincf. i& uaounl lIIeD r,.ini", to credit 01 Mortitcor unGer ~f......... 2 ~il\l" a credi\OD &be iaterML MlCI'Ud aDd wapaid aDd the bal... &0 .dM-~ ' .....uft~ lID.pUd _ ~ DOM. " ,,' . . .. lie will ~ . --. II 01 r" . ..... ..... Mid .... _4. ~W . ID~'" .... .... _ bDpoIiUoM, I<< irIiIoh ....... _.. --... M.~'" uclla.,.. &hereof 1M ~ r... .., 1M 1UD8; aDd tbM be wit ~... tM'" ..mi......... to the ~' , ~~~O:"-~=-la-~~~-:;...~.r-~~=~ ' ~ ad ~ to be ;.;;&;1.11III ~ I --~ .1mFto,...... ~ 1.- acqI npUr &be Morippe may Db .. nprJ.n.. ill Ul6-.." ~.... 1.111 -.y f. ...~ 1l--.IIMo........ ~ ADd tbe fW1 amouU 01 -.ob aDd fJYW11Ue1a &-V' ...... be .. .... PQabII tIdn7 (10) .,. .... ~J ' IbID hi....... b7 the lieD 01- thIIlDGI1p&e. S. Be will pay all aDd.......... ....., ~ II. ~~ ..,.r. '.... uad ooMa 01 abmactlI 01 title, iDaurnd . pe.Id at UlJ' &ime by '*-'- 01 &be failure OIl the ~ of the Mortpaor promptly aDd fully to perform the ........... aDd ocmIDaIl. 01 IUd ~ DOte aDd tbla IDOI't&a&e. ucf IiId ooa, ClIaarp, and .,......... be hio.--Jf~t.eI.1 due... ..,... aDd'lMll be IIIMIUI'fld by the u.. 01 tbiiI mortpce. 7. lIe'will COIlt.in~ main~ huud ldIanDce,of IUClh VPe or typeI and amoun... Mortppe ma1 from time to time reqw:re, on die ~..emen'" DOW . ~ on eald ~\ and exeep\ 1rheD p&yUUlD\ for all audl ~ baa tL.nWon been made umW <a> of peragraJIh I h--' De will,." prompUy ",hell due any premiUIM therefor. All iDIuraDoe eba1l be carrW in com~ ~oy;l by Mortppe ana the poli- me. and renew.. thereof aball be held bl Mortppe and hue .~ tbIn&o - ~. cl&aM in fayor of and in :onn acceptable to the M~ In enn' of Ioet he will pn immedia... DOUce b, mail to Mortppe, and M~ ma1 make ~f 01 _ if DO' made promptly b1 Mo~. and eeeli m.uranee com~ concerned IS hereby authoNed and directed to m.ab P&JID8D' for BUch - =- to Mortpgee m.tMd Of to Mortpgor and Morfcape jointlY. and the bwuraDce ~. or any )*rt ~\ may be .',Plied by Mort- gagee at ita option eithel' to the reduction of the indebteclN- MrebJIIeciuncl. to uae reatoratlon or repair of the plO~ ~ In even' of forecbure of t.biI mortcaP. 01' other ~ of tNe to the ~ property in at.ingWshment of the inde~ leCurecl ~; all rip&, t.UI., and in...., of t.be Mortpcor in &od to any iDaurance policiea then in fOl'08 aba1l ... '&0 tbI ~ .. pall*- 8, He will not execute or file of record aD1 m.tnJmeD' which impoeea r. rMLrietion upon the aale or occu- pancy of the property deecribed henin on the buia of race. color. 01' cNed, 9, The Mortgagee may, at any time pending a 8uit upon thie mO~l apply to the court bavinr: jurisdir- tion thereof for the appointmell~ of a reemver. uid 8UM ClOUtt shall forthWiUl aJ.>point a reoeiver of the premiBH eov.red hereby all and singular, inc1~ all and lIingu1aF the income, pr06tal _U_. and reYenues from what- ever aource derived, each aDd every of which it ~~ expreaely undentoOd. ia hereby JDO:"i,ppd .. if 8pecificallv set forth and described in the grantini and habewlu.m clauaes ~eroof. Such appoinLmen~ shall be made by 8uch court as an admitted equity: and & matt.er of abeolute right to said Mo~~, and without reference to the ade-quacy or inadequacy of the nlue of the propert1 mori<<aPd or to the IOlftlley or insolvency of said- Mortgagor or the defflldanta, Such ftD..... proflta. iJleome. i8Buee. and revenues shall be applied by such receiver accorairig to the lien of thia mortgage and th8 practice of such court, In the event of an1 default on the part of the Mortgagor hereunder. the Mortgagor ~ to pay to the Mortgagee on demand.. a reasonable monthlv rental for the premises an amount at leut eqwvalent to one-twelfth (X,) of the aggregate of the twelve monthly installmenta payable in the then current year plus the actual amount of the ~ual taxee, ~ental water rates. and insurance premiums for 8uch year not eovered by the aforesaid monthly paymenta, 10, In the event of any breach of this mortgage or default on the part of the Mortgagor, or in the event that any of said 8Ums of money herein refl"rred to be not promptly and fully paid according to the tenor bereof or in the event that each and every the stipulations, agreementaJ conditions, and covenanta of 8aid note and this mortgage, &n3 not duly. promptly, and fully perfonned or it the Mortgagor be adjudicated bankrupL or made d~fendant in a bankruptey or receivership ProceOOinp; then in either or any 8uch event, the said aggre- gate 8um ml"ntioned in said note then rema4ung unpaid, with intel'e8t accrued to that time, and all mone, secured hereby shall become due and payable forthwith. or thereafter, at the option of said Mortgagee, .. iully and compietely .. if all the said BUms of money were oriajnall~ ~ulat.ed to be paid on 8uch day. any- thing, in Aid DOte or in. t.bia mort.pp to the eontnq no~witJ.taDdiq; , ~ere~ ~ tbercafter., aL the option of Bald Mortgagee. WIthout notice or demand. 8wt at law or in eqwt.y. P1&y tie proeeeuted .. If all monen secured herebY: had matured prior to ita :nstitution, The Mortgagee may forecloee thia mortgage, .. ro the amount 80 declared due and pa1able. and the said premisee sha110e IOld &0 gtiafy and pay the 8&IlIe together with coeta expeD8H, and allowances, In case of partial forecloeure of thia mortgage, the mortP2ed 'premil1eB ..hall be .dd subject &0 ~ co1..~inuinc lieu of this mortg. for the amount of the debt not then dUe-and \mpaid, In such cue the proviaiooa of t.bit paragraph 1Da1 -.pm be aniled or &.lunaria from time tv ~imc by the Mortgagee. ' , 11, No waiver of any covenant herein 01" of &he obligation ..wed hereby shall at. any time thereafter be held to be . waiver of the tenna hereof or 9f the DOte lleCured hereby. 12. The lieD of this inatnunent. shall remain in full force and ~ect during any poAtponemellt or uteDAion of the time of paymenL of the indebt.edaNt or IA.f part thoreof I8CU1"edhereb" 13, This mortg~ ia given to BClCur8 the purchue money, or a part thereof, of the landa herein dNCribed and is exec.1ted ana aeliveied eontemporaneouUY with the deed lherefor. ' 14. If the Moricegor delaul~ in aD101 the COVeDMlt8 or ~meIlt8 CODtaiDed hereiD,..or in said note. theo the Mortgap may Perform the Mme. u.d .n expeditU1'e8 (Uic1udinIJ ~ aUomey's feee) made by the MortgftPO m 10 doing sh.u draw in..., .~ the rate provided for in the principal indebtedneea. ..d ah&ll be rep~ble thirty (30) days after desnand, aDd, \optbel' with in... aadec>>ta ~ thenon,tball be.cured by , mortgage, ..... ' , 16, Upon the reqUMt of the Mortppe .. MortpIor abalI ex..'" _ deli.... a .uppAem.t.olllOte or DOtee for the aum or Bums adnnoed by- t.6e Mortppe for the alteration, modenliuUao. impronment. main- tenance. or repair of said preaU.ee. fur u.x. 01' ..nJT"lAOlt8 agaiDa&. the.... ud for &!J.1. o&ber purpoee author- ised hereunder, Said note or DO" ahaD be I8CUJ'ed MieJ)y on . = with aad .. fully .. if the ad..aDee eYidenced thereby were included in the DO\e ~,~ .n. .' ' ' BUpplemental note 01' notea aba1l be... { . .. . . 4- ~:' " ~ ~- ....: ,'t'~ - .:S:; , , . -......--. ~. --,.- ,.-......--. .--,-.. -_.---'--- T"'" ....P~.--:'~....'":................"". ~ ' . ~ ~- ~