HomeMy WebLinkAbout2457~~l"~ ~~~ ~~~~ ~~~ ~:~
and insurance jrr<3'snturtl~, 8t the care may ~ at2C.h axc~ srilill tf@ ~xEa~it~~d by ttlk' niortgaxt~ on eub3ei}utalt
[.~v!=(entb to ~ snR<ie3 i)y the stuia"tgl~ar. `if, however, the srscnt~,ly pa3rrr~erTta mode by the nlort~rr.~rE~r
u3lclar {b) of par-a~rx~h 2 t.\rei~ anall s~c-t ba tattl~el+a~t Dn ~[Sou~ ci t~tlt~-, taxt~ assai rTnenta
i~rld i[laurasu~ ):-arTSiwns~s,, ass thtt ruse [sray ice,, 'rrhari ~+~ aasntr ah~il ~ct~are ctu~e and ~-yata~c, then the
Inurtg~ur 811Ji1~ paiy ~ 4hc~ niOR't~8-~t+@ ~rvy anso[[nt rl~~esar+ry to .v esp the det~iency, oat or t,~fore the
datL whexs p~ytn~st of a'at~ gr:rur:(± j~[itd, t~xea, aass~tsta, a: isucttran~~ prE~riui~rA shall t~ due. if
at any tints the iz;~rt~isgvr ah>ell tenaa* ~ ~-~ mortg>a~se In a~'=~r>3t~ with thou ~rvs'isiaan of the note
etk.ured ht?rs'by, 4tr11 p#,yrrTL~t of this entire 1Txfehte~dne~ rreprmt~ t~r~ehy, the rnos-tgag~ae rrt,xll, ill r()n1-
putirig tlit' asnaunt of Tst~~h indebts;ttne¢a, credit to the t:sst Of the !ijprt~agor ail paYin~-1ts made under
the prvvibionM of (a) c;f par~rep~t ~ ls~raf which the rT?tir~,Q hsru not t7p'CflIITC ubi[gate<l to p;ly to tht
I~ c~ler•al Ho[leing' C;o[TTtnibaitiner artd aTS,~ halar~c-~ reiTTainin~ in ttsa >tuncisa aocunrulated udder thE' pro\'lalt)!ls
of (b) of said paxbgrApll 2, If there ahattl t,a a dr_fault uY- er ally tii the pn•vlbic>3s~ of this mortg:~Qe, r+=
bulling is a public bale of the prerrrisba cnvereci hereby, +1z if the murtgag•e~ acquires the property otl?t:r-
wise after default, tll~ mortgar~ee s~l)a11 u.t- ly, rtt the t1sTTb of th$ ctuntllesiCe:in~'nt of ouch prExc~E>~lingb or Rt
*~}IE time tare prv~erty i[s otliCrwl;R@ gcq~~i the t.~-aI>rlnce then s-~snairir;# iu tlse fundb a;CUniUIRte<t unt;t'r
{b? of par~gral;tl `L prE~~lirl i~{ as a '°redit iTT~t thv erTTOUrt of ~rincsltAl then rerTlaining unpsi(i ur.tit~r
said n(:te and abet} prppc~rly ssltjust b.n5' payments which atis;lll ha~•e ~~een msrde und?r lc) of bald paragraph.
•t. 'T'hat he will pay all tars, aase~a€umerit4, ~siater rates, end ether gvvcrrunental ur municipal charges,
?in=.~s, or imp?nitions, for' ti•hich pr:~i'isian hob trot turn nia,t3~ hereirrt~efoi•~, and in u:~fauit ih~rr~~f th(• mort-
g,i$E~c nlay pa}- the br1r11E; and ttls3t he witi prampt),y deliver tie of~icir:l receipts thet-Efor to the n:ortgaKtt•.
6. 7'tlat tte wilt [)ernlit, cnrnmit, or suffer no waatE, IITI}->,airrnent, er deterioration of brtid j?roix rt~~ ur~
any part ttlerE~f ; and in the event of the f€-llure of the mort~agor to ke~t:p the buildings un said prenll:.t's
and t}lcse is) be ErectEil or? aFid prenli$es, or iniprnverT•rents i lerFOn, in good repair, the Inortgagi't inxy
make such repairs R.g in its discretion it nTay Elee1T, tleceaaaeq for the t:)roper prt~sLei•atien thereof, and tht'
full amount of each and every' ouch paJrneut btral} ~ imme~i}stEly clue and j)ayt±bie, and obeli t><~ sE'cured
})v the Tier, o[ this nlurtgage.
6. That he x'ill pay' all And singular t}it: costa, chargt.~s, &rui exI>enaes, inciudin g. rexx()Tlal)!r fa\; y E'r'a
ft~s, and c~o4ta ~?f at•atracta of title, incurrFd or ;paid at any time by tliE= inortgagE>~' }>ECause of ti;E tai•.l1rt~
on the part of the mortgagor eromptly and full}• to }>Er-forrr, the agt•t'E'n1e11ts and co\et?an!s of sxid +r~+i;l-
issory not? And Hits mortgagE, and $sid coats, charg~ea, and expcslar~F Shall t.>£~ inimedlately tier ai1(~ t)a} -
ablP PI1d EtrB}} tsE Sk~C[1rEd b)' thE' lien of ttlia m:.+rtgage.
;. Tt1At hF +'.•ill kc~:p the iinprovementx nox• existing or heT'eRft~r• er~trd on the mortgagt~(i pmecr.~ .
IIISUrt'(t as nla~" [)E .±-<IuirE~.~i iroln ilnlf' tC' tl[llf b}' tt?E niOrtgagE'k' agalll4t 1088 by F1rt' iil(1 (`thC'r }?iilai'ti~,
CA$Ualtles, Aiid C01itIil~;etlClin lit sUCh arnOllPtE 8ild fOC such X>erilxls gc nlay Ue rEquired b}" m()rt~;agt•+•.
slid u'I!1 pr(}' prcnlptiti•, x~hEn dU(', AT15' prat?l(t1n15 011 EUCII IRAUrRi?Ct' for pa1'nlent Of \5'}iiC'h }ir0\'1311+11 rifi5
not been -nade hemlr.ixfore. nl! inaursncE shat; t~ carried in eurn~;anies ;[pert)ved b~,~ nurrtgitk~t't• xlld
the poticiE~ r.nd rc•ne:\•sla ther)'of shall tx }leld by mortgagee and to\'e attar}?eci thereto loss lia~•al„t'
clauseb in fa\~or of and In form :tcceptab!e to the mortgagee. In event of toes hE> x'iil gi\~s immediate
n()I1Ct~ b}" Inal! i,ii moY'tgage±~, aril n?()rtgagee n1Ay Illake prCx)f Of l03a !f IIOt made' prOrllptly t)5' iTiUftE;a{{()r,
And EBCh ?IlBUrartCe Conipart_ tCi[iCEl"nE'd ir( t?E'Yt'by alltt?OTiZE,d irnd d[reCtEd t0 n1akf pT<yrnf'llt for aUt};
l:ktL tlin~ctly to mortgageE instead of tc= nlvrtgagar and mortgagee jointly: r-nd the insuranr_e pr+Kef-:i~, t>r
any )?art t}lerC>Of, may t;e Aeo!l~d by martgagE•e at ItE Oet10n Ell}iE'I" tC; t}le r<=dl1CtlCin Of th< inde!itt'ili?r 33
tlerehy sf-cured or to the restoration or repair of the property damages;, tit event of foreci:~.~ure (~f t},is
r*.orig[ige or other transfer of title tc the mortgaged property in extingu;shnlellt (=f thE• indE~htt•tlnt'ss
aECUrE'd h ~reby, all right, title; and :ntereat of the rrwrtgagur In and t+.) all}' lnaura[ace 1>t:iic:ea the;i 111 forct•
shall pae$ to the purchaser or grant.
h. "f }laL the mortgagee n19y, at ally time bending a suit tl{"rin this mortgage, xp};!~ to the couri }~av-
ing jurisdittion thereof for t}?E= appvlntnlent of a -r(:~eiver, end auCti court anal! ft+rthx at}': aI?1><-+:nt a
recei\'~r of the premises co\'ered hereby all and singular, including s;il aT1(1 bi1:~;uar th(~ inconit'. I)roflt~.
i.stlea, and r-E=venues from x}iatever sourcE' Derived, each and evErL• of \.hich, it }xir.~; exertsaiy ul?der-
stood: ih hereby mortgaged ~ if al)eciflcally set forth and described in tht' grlirltiny; xlld hk1-~endt:m clauaE's
heret)f, and such rE~eiver shall have all the broad an(t Eft'c~tivi, functions and Ix)xt~rg in ri11}~\\1.51"'
Pntrtl8i('(1 ~'; S ('i)Urt t+) a rr`Ct'1l'lC, a[ld SUC}l appL)Itlt!T1Ent 8t1A1! t~ I1ladE' by bUC}? COtlrt Fi$ ail 8ti;r:itit'(t
C'({lllty ant! R math. Y' Of a}:~.olute r Kilt t0 Eald rTlOrtg agE't, aild \4~ith0Ut refet't•nCt' t~' ttie si:fYjUaC.: (tr iniid-
:KIUriCy' Of tt'iE' \`rilue Of ttiE PrC'I)s`rt)• TT10r'tg£'f:eCj or to the bolS'ency Gr in5t)1\ET?Cy (?f 3£i1d mortgagor OC t:'if'
dt'fi'n+i aJl tS, 4ii?d t}tai SUC}1 re[?t9, pro}?tS, 'ncC)'Tle, iaRUeb, RPCi re\'t'n11 E8 Bflai! IrE' aTe!,t'd by bUC'}: rt-c€'I\~t•r
accerdin~ to ttiF lien of thin mortgage anti the practicE of sorb eot~rt. In t}le e\'ent of art _: default or tF:•'
sect Of t li' mOrt }~ti~Or' }lc~tE'1111 (ie C, T}iE mOriga KOr agrees i0 pay t0 the LilOr-t ~T a'~E'e OIl tleil?aild as a [-lii$(tli-
t~, ~ ' + * ;lF= .rLnlii,ea aI1 a1T1011{.t fit !f'£t3t tY U1\'AIETtt i;) Ollf`-t Y'. E'lfttl {' i s) t?f tht' agf7,rt'~;Rtt
r.1;le mortthiy r n~a1 f.+. t I` t
crf t}1Y t`~.'elve r11011th1y InRtB!ltnelit~ payaUlt' 11'. the then CUrrellt yP$Y F)llig t}lE' 8ctual F.tT101i1?t Of the RI1nUi11
t-aXe$, 9~Rt'S.slllfritA, x'ater rriti'b, Alld 1nbU"tarlCe 1;CE'r111Un1b for bllC}l year not Ct)\'e'ri•Ci b4' tht' af(+re3Eld
In.l;thly 1;8Ynler;t8.
',i. 1 tlt~ Jil'.~~rt~•'•lk'.r'' filrt!i!'C Ctri'e•:iii!lt3 t}iRt Sr:UUlii t,ll.°: rP.UI~[gitb;t~ Intl tht' ,:ult~ 3eCli'~t'(; 1:•'1•l•t+\~ tii'! tr'-
~~')i+' fUi' 1' S'l r<`Ui( ll t±iit•r t}i( '~iitiV rNi tI(>Ug1ri L' rltit ~ it}i11: ~ 1,/!!~~ J t%nl tr t tii _4' }lC'1't'=~:
.,~s. ~;. • *- i 1 ! t ,1 r( + of t}n
,~ `,'. r;t'• 1: ~L:i'= rilPtit ,r( <t \' r., 1Ct•1' Of ~}iE' r't•dPCat tlUl 311i~ ~( P.lifil~ t'fitN. U?" aUtr.lClL i tt~~•R`
r ! t ~ ttltlr frc?n; t}.+' dot+' of t!- -
! r(!t'C}i! tt(riiSi(:~,' ! ~uttii:;?5R -in~r t r4lt~tl 3U};Se+~tl.'11t 0 L}rt' !) '~
:11;!i"i'tLH~{t'. tlt•C'11 I1:I'~ ti! ingU ~.' !tai^. 1.^t1' ilnd t}l18 nftrCtf. kl~t', f!t'!' ~, tlt'C"1if': C+rn llo: t ~): '?(l~ (~[ Si1C},
'!?}; i!ill:t\" 1. ~!., i,lU t'`j{?. gt't• ., t}.t' Ti OIdE'1 Uf tTte itt'it' IT78, _. sit It3 ,ptlf,,i, iltt'!RI t~ all .. .;m~ R.. UC+'!1 }~t~; (},
., ~!;llr`(ilatr~!'t t!Ut• arlri IiP.yFit+~t'.
jll j t;a• (U } ~.~ t}ir +"irili irf AIlA" i)I"YitC1; (;; itlia ??lt)1'[~a~7z_' uC :;t•fF'.Ult Uli t(lt' Osirt r;f illt~ :n6i"L~,~ligOC ,.
~, 1 ;;'. tt:i~ t°CPC;t ?!alt fill\' t)f 3_R Hl :il1rI1R Of mtfne}' heielTl refPrre(t in tiE' T?Ctt )-tr(trnpC!y Al?d {till\~ [)• ill `.t';LF:
:lt'mantl l+r ilUtit't', ui' (ri iTl t}tE' Pv'erlt t~laL eaC'tl and every ttlE' 9ttl?UlaClOnB. Ski"eYnlilttE, CVi:dltluilt=:
,t~,.i t;.\t~r;rtllis cif 51;1+! nt,tr ar?d this moit~igE, err: not (1111}•, prt:rn};tly, and ft)ils• tkrformed: t}tell :..
.', t':t'C UI~ ilnV~ 3>,lCii t'V't1nt, tl3C' ~£i7li R~;grEir~`FitE' 5111Ti Tile11L'OIiE'd lii sold notC° t}lfli It'nla!ililig U1;1tRi(], At"'st[.
..~Ilt+'Ct'nt arcru:=d tt.? 11191 i1CnE', aJ?(t all n1anE=y3 at'CUred }1C'rE'ti}•, 8}tall t1t'tC)rCi+."' (fll(' aiiti IT{i~iatrlf' f[t:-t}-{\l'li};,
,~ tltt>rt~,lft.~r, ;it the ueti(;1; of said mort~;sgee, as ..*ully land compit'tely as if ail .,f tilt• said semi of many,
.'. t~rt .")rKiliRlly stipulated tr) },c paid on s_1ch dfiy, anything ill baid n()te nr irl this Tn:~rtg~.y;E' to the Cnr?trrir}
~~=.tyv~lthfitaialil:q; rind thcrt>upon or thereafter, at t~ht optiert of said TTlortgagee, x'ithout notice o, deriland.
:ii at la`•\' ar 111 E`tliilt~• nlR 1:'(' probC'ciltt'd 8.4 If all mO11Ey"B ss~urE(3 hereby had nlAtured prlar to lti 1nstl
~.ltl(iC-i. ~}ie ?Tit)rtf{fi f{"E n1F:y fOrf-c!tifSe th iR iTloT'`i.KRgt~, ills t') tits a1710U11t ao dr•clkrE•d dUs~ and i:8yabic, a.'lt
tdi+ said prcmisE~( ahrZll br 3nlci to satisfy r-nd p.~y the: rime togetlTEr with rcatr: exI>enseb, and allay: uni+•.
!r: c:t3i: r,f i+artixi forE>;1o3'.lre of this m()rtga~tF, ttiE mortgaged prerniber shall be sold aubjE'ct to the c{)Tt
;:.~llntr iirn of t}IiR r1lnrtgagE' for the amount of thQ debt r.ot theft due and unet;aid. lr. such (:R~ the pct.
•~i3;t;1?3 ttf t}li}i p:%t''Fij~T_'Aj)t? iilay" agali: F~}E' H•+-21~k.•(~ Of T~it~reafter fr(?fri t!n'tt' tCr tlllli; L)t' t}if~ m;irL[Ta~E`C.
11 'I'%lat tht~ T:lortgegar x•i'i give in?[nEdirate noticE' by m3i} trt tht' mnrt[{agE~ +.f any ron':i'vr=r;~ + .
l;ngfer, ui c'tlanKe t)f o\i nEri;hip of the prernirsza.
}~. '11i fj.t ill) A+.'gl :'Pr Of an}' ('rl'J errant hE!relri E?f• tlf t}i~' <Jt)tt~at]en 8F#~UT~ r~tf r~'};y 4[1:1!! rii it it L' Clilii-
.i:k'1!-i ftPr !N' ht'Id tO !+t' H \!'a?`:i'C .tf tnt' t(`r-it)Fi ht'rf~)? Or Of the not('. R£t:UiP`.j rlEtf},A~ .