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HomeMy WebLinkAbout1815 ... - '.,J...I'...J Mortgagor shall pay to thl' Murlgagl'(' al~Y ~Ji~~I~If~~\~~r~ \& hll1k" up thr Ih'fit'il'lIc\', Such paYlllt'lI1 shllll he ~n_ ~ithill thirty ~;m) II"y~ a~h'r written no~icl' from thl' !\{orlgllgl!(' Slating thl' ain:l\lIIt uf thl' ddil'il'lIc.", wllleh nollcl' mal bl' g"'I'n by mall. If at. any hmr tlH'!\tortgagor shlLll tl'lldt'r to tIll' !\lortg~I'I' ill I1l'cortl- Imct' with the provisiolls of thr 1I0t... 81'Curl'd brJ't'by, full payml'nt of thl' l'ntifl' il\lh'hh'(lnl'~'l J't'prt'st'ntt'tl tlH'rl"hy, the !\fort~agl't' !lhall, in complltillg thl' amount of such indt'bh'thlt'~", f'rl'llil to thl' ILI't'ount of tilt' M'lrtgagor ILny cf('tlit balanct' J't'mlLinillK umlt'r thl" prO\'isioll!l of (IL) of suitl purngrnph 2, If tlll'rl' shull III' u tlt'f~1l1l Ilndl'r any of thl' ~J'tlvi!lionR of this mortg~I' J't.sulting in IL puhlic sllh. of tlH' prt'mi~ I'unrt.tllll'rt.hy, ur If IIII' MurtgBgI'l' B('(IUlrl'S till' propl'rt.y Otllt'TWIIW afh'r dl'f"ult, th.. Mortplgl't' shall Ilpply, ut. lhl' timt' of Ih" COmml'lIt't'nll'rtt of sUl'h pJ'tlCt't'dillgs or at thl' liml' th" propl'rt." is otlll'rwig(' Ill'quirt,tl, thl' IImOullt tllt'n rt'm"iiTwg to I'rroit of Mor~l~or Ul\lh'f (IL) of parnl-'1'llph 2 prl'('t,tlillg 1L.'l u l'fI'dit on till' illll'rt'st ILl'crUl'll alld ullpu1tlantl ~III' ballLncr to tiH' pfinl'ipulthl'n rt'muining unpuid on ~I\id nolt'. 4, He will pay all taxes, aMe88Dlenta, water raw, and other governmental or municipal charges, fines. or impositions, for which proviRion has not been made hereinbefore, and in (\(>fault thl'reof the Mortcagce may pay the sam~d that he will promptly deliver t.he official receipts therefor to the Mortgagee. 5. Ill' will permit, commit, or sufle~ no waste, impairmen~, or deterioration of Raid property or any part thereof, except J't'al!Onable wear and war; and ID the event. of the failure of the Mor~or to kl't,p the builtlings on Mid premi&'8 and those to be erected on Said premllle8, or improveml'ntB thl'reon, in jtood repair, the :\Iortjtajt('l' may make such repairs as in ita discretion it. may deem nece8llBry for the proJll'r prest'rvation thl"reof, and the fuli amount. of each and every such payment shall be due and payable thirty (30) days after d('mand, and 8hall be secured by the lien of thi8 mortgage, 6, He will pay all and 8ingular the eo8ta, charges, and expcnlle8, including real!Onahle lawyer'8 feel!, and costa of abstracts of title, incurred or paid at any time by the MQrtgagee because of the failure on th(' part of the :\lorlKl\jtor promptly and fully to perfOrQl the agret'ml'nts and covenanta of said promiSllOry note and this mflrtjtlljte, an.1 said costa, charjtl'8, and expcnll('8 shall be immediately due and payable and /lhall be 8ecured hy thl' lit'n of this mortjtage, 7, He will continuously maintain hazard insurance, of 8uI'h type o. tyJlt'8 and amollnts a.q ~Ioftgll~t'(' mav from tillle to time require, on the improvl'ml'lIts now or heJ't'after on said prl'misl's, and l'XI'l'pt whl'1I pllvml'lit. lor "II !lTfch p~('(niums has therl'to!orl' \)('l'1I madl' undl'r ,(a) ,of paragra,ph 2 hl'rl'Of, hl' will pay prompth: wlll'o dul' allY prellU\lms therefor. All 1II!I\lranc.(\ shall be carned III compallll'S approved by l\1ortgal't'{' and tll(' poli- cil'S and rl'lIewals th"r('()f shaU be hl'ld by Mor~agl'e and have aUadll'd therl'to loss payahle clallsl's in favor of and ill form al'ceptable to the Mortgagee,. In ('vellt of loss he will ~ivl' imn1l'diate notiee hy mail to ~lofl~Rgl'e, and ~Iortgagee may make proof of 1088 if not. made promptly by :\loft~agor, and ('adl inlluranl'e company COIII'ernl'l1 is hHeby authorized and dirl'Cwd to make paYIl1l'nt for sUl'h 10S!> dirl'Ctlv to :\tort~a~l'e illstl'Rd of to :\{ort~~or a~d :\f.ort~agee jointlv, a!ld the in.ql!ranc-c pro(,l'l'ds, OJ' allY part thefl'Ot, may be a~plied by :\Iort- g&gl'e at Its option l'lther to the reJuchon of the lI11ll'btednl'/l.q hNeby secured or to the rl'stofalJon or repair of thl' property damag"d, In eVl'nt of forl'dosure of this mort~age, or other transfl'r of title to the mort~Il~l'd propl'rty in extinguishn1l'nt of the indl'btRdnC!18 8f'<'url'd hl'rl'by, aU right, titl", and intl'fest of the :\lortl:llgor m and to any irulllfllllt~e polil'ies then in force shall pass to the purchaser or grlLntee, S, Ill' will 1101 "X 1'1' II It. Of lilt. of rt'('orll any illSlfUn1l'nt which imllOSl's 'Il ft'stfil'liollllJlOII till' sllh' IIr lH'f'lI- panl'Y of tIlt' propl'rty dl'st'fillt'd Ill'ft'iu 011 till' "1l.'1i!l of raCl', cHlor, or I'ft't'tl. !I, If 1111' pft'lIIiSl'S, or III1Y pllrl 1lll'l'I'of, lit' l'OlIl"'lIIlu'tllllldef I Ill' powl'r of I'lIIilll'lIt domaill, or III'quirt,,, for II 1'" hlil' \lSI', I Ill' "1I11111~I'S Il wllnl..d, till' pfoCI'I'tls for I Ill' , ukillg of, or I III' 1'01lsidl'fIlt iOIl for Slid. 111'(111 isit ill II , 10 IIII' t'xt"1I1 II[ IiII' flllllllllolll1l of Iht' rt'lIIllillillg IIl1puiel illll,'hll':!II"ss SI't'lIft'e1 hy Ihis morl~lI}.:t', 1I1't' 11l'1'I.h,\' ILs,.;i}.:IIt'd 10 IIII' :\lor1~II~"I', III It I shull III' plliel forlhwilh 10 suit! :\IOflgugl'I', 10 Ill' Rpplil'tl Oil 111'1'0\1111 of IIII' lusl '1111 I Brill}.: illstlllllllt'lIls ..f slll'h illdt'hlt'dllt'!lS, Ill, TIll' :\Iortgll~l't' 1II1l.\', III IlllY lill1t' p,,"e1in~ Il slIit IIpon Ihi!lIllOrl~II~I', Ilpl'l,\' to IIII' l'tlllfl hll\'illl! jllri",dil'- tion tlll'rt,..f for tIll' IIPlloinlllll'lIt of Il ft'c'l'i\'l'f, Illlel slIl.h l'Ollft shllll forthwilh Ilppoinl Il ft"'l'i\'l'r..f Ih., pl't'lIIi,.;,',,; 1'0\"t'J'l'dlll'rt,\,y llll IInl Sill:':1I1lLf, in"'"tlill~ Illllllltl sin~II!llr tIll' inl'olllt', Ilrolils, is.'''III'S, Ilntl ft'\"t'nlll'S fWIII whllt- I'Vt'r sollfl'l' l"'ri\"t'11. l'lll'h Itlull'H'f." of whit'h, il IlI'in:.: l'xprt's..;ly lIlult'fstolll!, is Ill'ft,\,y lIIoft~llg1'dllS if spl,,'ilinlllv !wl forlh Ill111 cll'St'riht.tl in Ilu' ~fI!nlin~ Ilnll hllht'lUlll11l 1,IulIsI's ht,rt'of. SIlI'h IIppointn1t'llt shllll Ill' I1IlItll' 1.\' SII...I ('Ollrt liS Iln Illlillil It'dl'"I"ity Ilntl Il III lit It'f of Ilhsnllllt, fi~hl to slIi.1 ~lorl~lll-tl't', Ilntl wilholll l'I'ft,ft'I1l'" t~1 thl' Iltl.'II'IIII'.\' Of illllllt'qllllt'y of tilt' vultII' of till' pWlll'rly mortKIl~l'tl or tl,l till' Slll\"l'nl'y or ins..I\'.'n.'y of SlIitl \llIfl~It~..r or till' tlt'fl'lItlltllls, Sl\l'h rt'lIts, pfolils, inl'ollu', i~'llll'S, Ilnd J'l'Vl'nlll'S shltll ht, Ilpplil'e1 \',\' Sill'll rl'l't'i\'l'f Itl..,..rtlill}.: tll tIll' lil,ft of this l1Iofl~It~I' IIBt1t11l' pml'lit'l' of slIt'h 1'~lIlrt. In th,. e\"t'nt of Iln." tlt'fllllll nn II\l' I'llI'I of IIIl' \ I 01'1 }.:1I}.:orlll'rt'lIn.ll'r, I Ill' ~ I 01'1 ~1t~Of It}.:rt'I'S 10 pllY tu 1111' ~ 10fl }.:1L}.:t'I' on tlt'l1IllntlllS Il rt'lIstlnlthlt' 1110111 hl~' ft'lIllll fOf 1111' JlI't'lIIist,!'l IIn Itn1ll111l1 III It'ltst 1'll'li\'IIIt'lIt to tlI\l'-lwl'lfth (I,,) of till' ll~grt'}.:lIlt'of IIII' tw..ln' 1II0nlhl,\' illSllIlIlIlt'lIts pll~'lthlt, ill II... Illl'n 1'lIfl'l'nl ."!'ltr pIllS Illl' Ill'tlllll 1111I011111 of till' Illlnlllll tltXt'S, ItSSt'sslIIl'nl,.;, wltlt'r flllt',.;, Itlul insllfllfu't' pft'lIIilllllS for slI..h .'"I'lIf nol l'O\"t'ft,tI h.'" Ihl' Ilfoft'sllilll1lonlhly pllYII\l'nls, I I, III lIlt' 1'\'1'111 of Iln.'" hrt'HI'h of Ihis 1II0fl~Il~I' Of tlt'fltlllt on tlu' plLrt of lIlt' ~lorl~ll~of, Of ill lilt' t'vl'nt Ihllt I1n." of sllicl SIIIIIS of 1II0111'Y Ill'fl'ill rt'fl'frt'lllo hI' not pfol1lptly Hntl fllll.'" IlIli.lllt"'lIrtling III IIII' It'nor h"fl'of, Of ill 1111' t'\'t'1I1 thlll t'lIl'h Itlul 1'\'t'fY tIll' stipllllllinns, Rgft'I'II1t'lIls, I'())uliliolls, Ilntl C'O\'t'nHnts of slli.1 lIiltl' Hlul Ihis lI"'fl~II~'" Hrt' nol tlllly, pfolllplly, UIlII filII.'" Ill'rfOfn\l'dof if tht' ~loflgll~or Ill' Helj\lllil'lllt'd 11/IIIkrllpt or IIIlld., d..rt'lIdlllll in Il Il/Inknlpll',\' Of rt.t'l'i\"l'n;hip Pflll'I'I'llinl-rs; thl'lI in c'illlt'r or Illl.'" Sill'll 1'\"I'nl, Ihl' sllill H~~""- }.:ltlt' SIIIII lIu'lIlioll.,.1 ill sltiel nolt' tlll'n ft'lIIltinin~ IInpllill, with illll'rt'st III'c'f\It'11 10 IhHI lill\l', 1I11e1 Itll 1II0nl'.\' S""lIfl'e1 Ill'rt'h,\', shllll III'C'l,IIIt' lillI' Illlel JIll.'" Il hit, fllrlhwith, Of Iht,rt'lIftt'f, III Iht' oplion of SHitl ~lorl}.:II}.:I"', liS flllly Itllll 1'lIl11ph,t..l.'" IlS if IlI1 Iht, sllid SIIIIIS of 11I0nt'." W"I'I' ofiginlllly sliJllllllh'l1 10 Ill' Jlllill Oll Slll'h e1H.", HII."- Ihill}.: ill slIi.llIoh'or ill Ihis l1Iorl~Il~I' to, till' I'olllrllry notwithsllllltling; Ilntl tl1l'ft'lIpclD or tlWJ'l'nftl'r, Ilt IIII' oJltinn of SHill \lorl~Il~"I', wilholll notil'l' Of 1It'III1llltl, sllit Rt IIlW Of ill t'qllity, I1IIlV Ill' JlfO!'I't'lIh'll liS if Ill! lII11nl'\'S sl'.'lIrt.e11u,I't'hy luull1llllllrt'tI Jlriof 10 its inslitlllion, 1'1\1' :\lorlgllJ;I'c' 11I1l." (Oft,..ltlS(' thi~ morl~tl}.:t', HS 10 till' 11111011111 Sll Ih'f'lllrt,cI cillO' IIlUIIIl'Yllhll', al,,1 tIll' sHit! prt'lIIisl'!I shllllllt' !'11M to slltisf,\' Ilnd \lilY Ihl' SUII\l' tlll!t'llu'" wi I h l'IISIs. I'XP"'IISl'S, Illul II110wllnc'l's, In l'l\.'lt' of pllrl illl fort'f,lo!lllrt, of I his 1II0rt ~H~t', I Ill' mOfl ~1I:':I'd pl't'lIl j"",,,, shllll ht, Sl.ltI SlIhjl't'l 10 Ihl' c'olltilllling lil'n d this mortgllgt' fill' Ihe all10llntllf I Ill' oIt,hl 1I01lht'n tllll' IInllllllpllid. I n Sill'll "IISI' I Ill' I'fll\' isinns of I his pllrll}.:rllph mllY again \)(' a vllill'll of I hl,rt'llflt'r f Will tillll' 10 lillII' hy IIIl' ~ I ofl ~1l~I'I', I:!. :\11 wRivl'r (If Ilny ('OVI'nllnl. hl'rl'if'l or of IIII' ohliglllion !\('{'lIrt'lllll'rt'h.'" shlllllll 1I11Y tillll' Iht'rl'lIflt'f he Ill'ld III hI' Il wllivl'r of IIII' It'fl1lS !1l'J'l'llf nr of 1111' 1I0tl' SI'I'III'1,tllll'ft,hy, ' , 1:\, '1'111' lil'n nf I his illsl rllnll'n I shHlll't'lIIllin in filII fnrt'l' IInell,lTt,.'t tlllfill~ Itll,\' post POIU'III,'II t .... t'X 11'IISioll of ,l\l' lil111' of PHYII\l'1I1 of 1111' ilull,hlt'lhu'ss or I1n.'" Jlllrt ,IIll'rt'of SI'I'lIft'dlll'fl'h.'", 1,1, 'rtii,.; l1Iorl~It~I' is ~i\'I'n to !WI'lIrt' lilt' p"rt'hHSI' l1Ion.'.", or Il pUfl Iht,rt'lIf, of IIII' lllluls h.....,ill e1""','nlll''' ROcl is I'Xl"'1I t I'll R"" d,'li \'t'rl'e1 l'olllt'lIIJ1orHlIt'OIlSI.\" with I Ill' tll'l'll t lwrt,for, I;"', If Ihl' ~loflgll~nr Cl..flllllt in Imy of tIll' l'O\'I'nllnt!lOf Ilgrt'l'nll'nh: 1',mtllint.tI Ill'rt'in, or in sHillllnll', IIII'll 1111' \lllfl~H~"I' I11H." JI,'rfofm Ihl' SIiI1lI', ~nclllll ,'xpl'nllilllrt'>', (ill"'lItlin~ rt'IISl III II hit' Illl0rlll'Y'S ft.",.;) II IIU It, hy till' \lllf!}.:ItJ!"1' ill so doill}.: shotllllfllw inlt'n'st III IIIl' flllt' pru\'illt'oI fill' in tIll' prilll'ipul illllt'blt..lrll''''', 1111.1 shall I", n'pllvllblt' Ihirly (:m) tlll,\'s IIftt'r I"'mllnc!, lind, lo~t,thl'r with inlt'n'st IIl1ll t'osls IlIT:'ul'tltht'n'oll, sh II II I... ,,,'('uft'll hy I It is II1ml gllg('. II;, 1'11011 Ill(' rl'CJlu's' IIf Ill(' )lorlj.:llgl'l' IIII' ~lllflJrllgllf Shillll'xt'l'ult' Ilnll Ilt'lin'f Il sIIJlpll'IIIC'II11l1 nilit' Of [IOIt's fllr t \l' Slim IIr SIlIllS HII"llnl'I'cl hy tilt' \lorlJ!llgl't' fllf lilt' Illlt'futilln, lI1ocll'rnizllt ion, illlprll\"'IIII'III, IIIltill- !t'nllnl'I', Ill' n'pHif IIf SlIill pn'lI1isl's, for I HXI'S IIf IIs.'wssnll'nls 1I~:lillst lilt' SIl1l11' IIl1ll fOf IlIlY lltllt'f purp"St' HUlhllr- iZl'oI hl'n'lInllt'r, Slti" nlltt' Ill' 11OIt's sh,,1I hI' Sl't'un'" Ill'n,h,\' IIn Il parity wilh IInll itS full." liS if till' /IIh.tlll't' cvid"nl'l't1 IIU'f"hy Wl'n' included in thl' notc' first tll'StTihl.tl aho\'(', Sllitl supplt'lIll'ntl11 nolI' lIf IIlllt'" "hllll 1,1'111' . - . . .. - - . . .. . . . .