HomeMy WebLinkAbout1879~ r ( ;t~ i~
under (D} of E~asrsgrAl?h 2 t,rece>liirlg alts!! r>~E~ i,e.~lcj~~y~} ~E~utrnd rfintr, taxt~ and aas~anienli
anti ln~trrarlcer ,r~•rri!ul;vr 4A tAr ease trisy tie, v~hen th:~ aa-me Alis1'~ t+crt~rc~ :tua ar:d t~aysble, them t3-+c
mortgagor s}-a}~ t~~-y to tale Inartga-gc~ any a,;~t~>unt nfcraaary tv tx~itke u~ t}se defi~:rer:ry, on or brfurr tt;~
date when I~ayrnent of au+;h grc~~tnd tents, taxaa, sastieaaarnenta, or irsursr;nce ;rrsmiurn,s sh,xll t.r :iue. if
At any tiRle tt1N me?rtgagar at:s-ii trnd~cr to t3~e n~urte in ~a,--rurc#arer~ with the provtriiorts ~,f thr. note
acctrrY:! hNreby, full payment of the ~tiire indr}yt~*cint~A repr~ent+rd theretry, the mort~a~re shall, i+i ccx:a-
putin$ the smc~unt of such indei:tetiirz~, credit io the ar.»unt nQ the rnort.Rrs.~rrr all iupmereta ms~le unctrr
the prvviaiona of (ca} cif Iusragraph ~ harcwf whtch the niort~~+ has nvt t>~ri1r trhtlg;tell to pray to the
I•'t*~ierai iivtutng Carnmisaiuner ar,d star,y balarst¢ remainirrg in tht funds acceatnutated under the pn,viaiona
,f (G} cif saiu p+rra~rt~>h :>'. If thc~rc= t~.all t» s default under acs of the r,rv~lisicrrl<a of this murtxxgt-, ra-
sultir,g irs a public sa}c t~f the premises sovered harrtry, yr if tA+a rrtcrrt~sgee atrluir~w tt~e pruprrt> uth~r-
wise after default, the n?nrtg ahwll apply, s;,t th€+ time of the c~artt~ncement of such pl•txe~~ciinga c,* AL
the tlmn th•~ prtri'~=riy i,s attlerwrtrsa aeciu-re-i, tht balanc*r t}~tn rettstfnirtg in the (untie accuniutatcri uni#rr
(b} e,( G,.s:agr,sph ~ prc~cc~isng s~ a croliit wgxinst tt~~ ~?nount of ritincliut then rema-ning t-nz~xid under
sAl:i note ar.+ aha11 prof}erly At just r.ny It$ympnte which ahasJt Nava bePu7 rrlacie under (a) of sAtd psragrnYh.
4. That he will pay Atl taxes, ssxt~usn~enta, wAttr rams, ant! giber grrverrunentA! or rnunlcis~at charges,
tines, yr iniptialtiorla, ?or which pr:,~°iaicn has not tae~cm rrtade hereinkreft~rct, anti ir: default th:r~,f the mvri-
g~,c, niAy i1sy the s.arne; and that }:e will pranrptt}+ iielir•er thx c*IYbrsal race;(>ts ihcrefv: to the n-vrtgsg!*e.
6. `i hat he milt t?erniit, conunit, or suffer nv vraate, issrpairme•nt, ur cieterIvrs3tit~rs of said t+ru;~rty' ar
any part theret~f ;anti in thn f~vent of the faitur~ of the rrlort A$t~r tc~ kip the buildings yr ssl:i pi tnlfaPa
sad ttlitt(t A+) i'<' er~~tt~i on aRid i,rerrlisea, yr Improverrianta tt:N?`t~(3s1, to gixxi rat?Air, the rnOrtf',agt*(~ r;?ay
ntAice such rct~sira ag ]n ith dtscrction it nlay dt~ern neeery tvr the proper prz~+rn•atlorr th,~rc~?f, ar,d the
full aant~unt of each and eti~ery such I-ayment ahsl{ br imrrsEriiatP3}• dt:c~ and paye~rlr, ar:d shall tx a€r+~red
by the t.en of ttsis mortgrtge.
6. ThRt }le r+riil IIA>• all and singular the cr~t.a, charges, anti exp~naca, is:etutirng rears++ne,ble IAw•yer'a
fees, Atlti Ct?St.9 Ut atistrA~ts of title, lrcurr~~ti or paid At any tirn~ t,}• the ntartyta ~~~ 1:tY'ali3r Of th,~ fssiiur:~
on the part of the rnurtgAg:~r E,r::rsipt}y and fully W perform the agrc*erncntg rtr:~ eovenant•3 of ax+,i {.~ron:-
iasory Hate anti this rnortgAge, and said c~>Ats, chetrges, arfd ercr•~;ia~ shall be ]mn;ecilstety due snci pa}•-
at~l.: A,td shall t~ aeeurzci b}• tlir~ lien of ibis nlvrtgag~e.
i. That hr F°ilt keep the iniprc+ementa nou• existing ~.r hereafter erecte:•i on the mc~rtgsgc..i property,
irt,~urt~ri a.s may tae rk~;uir._•ci from tirnB to iirnP by file ntortgag~~ J•.$Alrtbt lass b fire ar:tl other hRZar.ia,
CaAUtritle8, And car?tlagencies In such artlOUnts rind fOr BUCKK pertfx#a as rntey tx reylllCf"(i t?~' nl4rigA i'!',
Rnd :Viii p=a)' prunif+tty. µ'hi'n (iue', r~ny' Xtrt?r[trUh1H trn atJth IRaur~,tlCO for• pA}'nifnt of µ'h,itl prt?1lSlnn }!Par
rot trc~:n madc+ herrintxfure. All it?surance shAti he exrrie~i in ~_c:mppantes ,zppn,ved 'try mcrtRsgte and
th+~ lxrlicirs and rsrlev.'aIs that+~af shall t-~ h±•hi tr}• mvrtgsgt~e and tta=~~• attrachc~ci ttlerric~ tc~?,q pa}'at,le
clau4t~s i*~ favor c,f and irs fall!; aec€ptable to the rnortAagee. in e`;cnt of la~.s t:e ~vili give icnmt4ii:~te
Holler L?• niAil to nu>rtrgagt~•, aril rnortgag•~e rna}• r,lakc pros( of tt?a.s if not made I,rorriptty b}• ntc+rtKagcr,
and each tlisurance ct?sl:pan}• cnrrern~~i is herc•hy authorized and ciir~:t~~{i to rnak~ p~•~}•ment f+.,r such
lusts eilr.~•tly to rnortgat;c-e iriste:td of to rr;urtgxgor anti rnortytag~ }Dint;}', iinct the rnaurA-,cr~ prc,c~tis, ar
arty ^.art t.t+c~rt~-if, :nay' tx appltx*ti b}• rnertgag<=r at its apti~on f~ither tc7 the ratio€iiori of the indc•btt~lnc~~
here~ry big.+~Yc.i or tt, tt,e rcatoeati.+n or rcl;Alr of 'the pry:+pert}• dalnagc~ci. }n ~~•eri of iort~eicuurt~ t.f this
mortgage =,r athrr trArtsfrr of t;ilr+ tc, the nivrtgagttii property in e;ttlrtgulsttrnent of the inde-t~;c~cta~!~
bc~rured herei;y, alt rrght, title, and 1ritQreat of tt,t~ martgA.gor iu anti to s..~y irrs+~ratr~e Ix,itc:iei fife!! to force
shalt psaus to the purchaser or grange.
n. Thst t}?e nlortgai~€~ tnay', at any' tittle !;ending s suit upon this rnarta;a~, aptly io the evurt h~sv-
ing }urisdictivr! ±11en~f for the mvpoir:trneni of a receivEr, anti such court shaft forthwith mplx~int a
r~seive~r of the premiae$ covered hcreh}• rill rind a~ngul$r, in:iuding ail arld t<inguisr the incorne, prt~f,is,
iasuc•a, anti rev€~rluea (tarn wtratcti'er bfiilrCC cierivecl, each anti c~~•c~ry of K•hirh, it treing c•xpr~ssly and+~r-
atcxKl, is hereby rzortga.gt`€i as if ilpt=ciftealiy set forth and dam: rim': in tare ~rnnting and hatac>ndurrt rtauat~s
hert'+,f, And such receiver shaft have all the t~rs~r} ~snii ~f-~etivp ft'nc;lans 13nd ik7wrr8 in aryyr~is~
entrust: ti t,y a court to a rc~.civt`r, And suet-, appointment s}?si! tree mAde t?y sash tour? s<s an artrrlittc•d
t~ciuity and a matter of tsl~tttt~~ right to salt; murtgag~e , an<3 withnut rgterellc~ trF the ad€~Iua::>• {,r ]nart-
c~Iu~scy cif thc• value c,f the }`+ruperty mc,rtgsged or to the solvenc}• yr irs»ril~eric of rsssrd cnort;tagor or the
defendants, rar,,i that such rents, profits, ;actin?e, iaatr~s, anti revcr.ues ];hall t~ applletl by such rt~eiter
act:ordirlg to ttt~• I-eri of this mnrtytage and thr praetice of eu~ts cvurt- In the ever!! cf any do=fault on the
pars of the rnartyragor hereon:ier, the nivrtgsgor agr to p;iy tc~ the niartgagt~e trn de;rArid ass a reagon•
Able rrlonth]y rent€sl fur the remisc~+, An amount at ;asset t~riuivaleni t~~ e+nr-tu•Etfth ts,',r) of the aggretrat=°
of the twelve monthly instal~nr: r;t3 payable in the then current ye.Ar plus t}lc~ aetual amount of the Annual
t8.xea amt:a4mFnL~, ~•at•~r rates, and insurance i~r~mi+sm,a for such year riot ~overE•ci b}• the aforesalc5
rnunthly i,symt•rri.a.
~. The: rnorigagrrr ftrrtti~zr cuvcrrants t.tiAt should this niortgatfe anti the nott+ ac~:ur<<1 betel,}• not t~
eligrt,le for iriaurance ur;der the Kati+~rnal !lousing Act wtthir; ~,~ .Ur~Y from thf+ dale tiQt~Crf
(wrjtt:~n at.a'cment of arty oflicfr of ~e I•`t~iPrxi II:lusirlg Ad?ltrilstrat.:rn yr at:ttltxiae~i agent of t.tls
F•'fnciPra} }ivusing %,onamiaaionRr dart€•ci sut;~egt:ent :~ thH ~~'{; tuna frwn the dAte of fh
mortgage, dt~lining to inslure mid ;tc,te anti this me,rtgggt~, trying d~rrzEd ~}r,r_lusiv~ proof e,f ruch In-
Plig-itrility}, tits rrrorigA~s±~e or th;, hol~cr rrf the ntrte riaay, slats c+t?tian. dec}ar4 alt alma s~trr~i t-,er~kry
imm~iately due and t:aYatria.
it?. 't"'hat (~) in the e:•erat of r,ny lrr~~•-.tr of this rrt~•r•t~gAge ar de>'attit t.r, Etta Iir~ti of tt•ie r~ur-tgagur, €+r
Jt,) in tirz~ event that An}• of gale; su,rta ~:f mc,r,ey t;er~in referr~i to t,c riot l~:arr,l:tip rtrtti fully plaid ~-ith-
out de-na.r:-d err roller, t;r Ec) in the e}•etat t.}?~t €'-aA:h Ar;d ~aer3' tY:e sti;,std3ticsri~, agr~rr,er,~, €3srciitiorts,
ilrtci S64E;1Atit1S Uf B#li{i nt~t-E' Arr~ !tll.~ ;rill€~,`st, br'L ri!it Cit?t'r'. ~±rti:7'S t}y, Ar;f;l ftrlt}• j?i•~'f~rrrFed ; zt?~`Y FrS
Cithe'r 3~+P t~rly 8llc}i @:brit, t}?k $a#rti a.j~grra.te $trfrt rri~~ltlc:BF~ 4!? ¢d#!i rlLttaf? tt?~n Y+'r,?Atn+ :~' :ir1}i~td, Et'i}-~
irltt~r€~at ticcrF.s€~i to thP.? flail, sarsd a}. rr;c=r~eys s~eurrd ?S~relr}, sh=,':l trec~,e tius , r,!i ~~;sble fcrt'thvsit$i,
or tl;t'r€-~fte>K, et tt;z~ optifyn of at-it# ~ortt'~, ~§ (oily artci cr_n-r+~.=tc~rYty if sit t~f tt:t' srtitt aunis o: r:anep
'~€r'e origirrsliy 8ti~?tEtAtE''{1 t£3 t3*2 ~sri C+t9 AtT~~: t~-A~', a~ri~l~tl:rt~,' i:R iit~i tit ~ ~ .;r Jl FIii2~ ~i '::"tyij'bgi' f:) t}?(: C~]rlg~`R ~r
rlcri::a~#ttsstarading; actd t,`terevpvn s.r thrr~sf#~:, at tt±t~ crptitrs fif ?ri r;;csr~EgBg*~• ~ixrE(itlt s,crti.~ c,r tj~rTSar-cr,
bLtt AL law ~J* 3n eclulty, may t?ks tirt~?rt~t"t AX it a=l rrr~et~ ~rC'ti i"ezS~~iY l°t~t.3 ~Sa$tt?T~-~ ~rY1E2Y Y;~ IZf irl9~i-
tc!4ir,n. `t?re mrsrt.ga n3ay f+~r~#~ tr;is nal;rt~ ;~:, thu s~,r~snt ~ ti`i d~.o artt a••ai:i~, aril
p 14 t}e a;''sd ts~ sat?st; ar~-i ~ut;% ~ ~a.~;se ttta`1t r• wt!.tr ce~ta, ~€r`r"rasr, ;<irr AraGr?;;k12C.
tha mid r~trlse~ sha,, ' t`
In c of par~al fur~tosl.Ir~ t,f t1t rl~t'rrtg'xge, t~-~ rrrc~rt~ai ixr~i a-h.a#1 t.~ sold euFt;+_~t to t_-:~ r_or..
tinuis.~ .lets of this rr,:!r~ f~j~ [}~ a,~rot~€;t rsf ~h~ t~ rl;~t thfst~ dui ~t~d tart~.a#+~. Irt ]l:~~ch c file }ir,~-
via#orzs of ti!#A pa;.~-„~rr,a !nay ag~lr; ;,~ avt~}iue =~f #thar'aalt~r fr~:r•i tirEt~ tci :.~na Icy the mcrr-tga~e.
II. 'That th = rt~r#~sgrrr evi}t va #rrarrr~iisx~ n~k~ fry ~a;l t=.~ L}ta rrs.ge of s-~Y ~o=-~t~yar-~~
tx-asriasfer, ar fiharags of Q~srtrra}t#ir Atha ~trta•~r.
1 1`fiai tin ±~aiveP of rany tx;irenari~ hRYaiis tit: ;%i t~;>a c~rii~s:t.t:~3'. 1S~s I~+~T~3;r ~~ttl ~~ ~2i~ 3
tt:rr~after ~ h+"id ~o ~ a s~siv€=r of the t~ri4 h~r~f tka 4f gate rit;t~r r~:r,~ i~r,X~iwy.