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HomeMy WebLinkAbout2310 u ;) &I.d li~"J ..'"'-" j-'H....W..... ail ..'I" C~ ITia) ~2,' .-...-,~f.~,,~"'~.:ihif~"f~'-dit~1 by !l,,, ~';'''~ii'''ii'= ,.~, ""''''''--''iC.~'~ ~nt.a to bill lnaJe by the m()r~&I'Or. It, now91,er, the roont.hly r..-ymt'ota ,a.tlt' by tht" f1Y':)f~AgOr under (b) ot pal'ICTaph Z pf~i"'l ahAll not b. .oMdent \0 ~ p'ound rtilta. tA'(t'>\ .ri.t LU<'a,MlfoLe and in.sut"abOl rre.mlwna, ... th~ cue mAY be, WMIl the Ntn~ .aba11 bocotnf! dlM! ..nd J.),llYill,lt'. thl'n the rnort......or aha.I pay t.o th~ tI'lO~ a.ny amount OfK--...ry t.o JU&k6 up the cktki~lIcy, I'n or lw!t,ft. lht' dati' when ~l'IleCll of auc.h IT'Q\<M retlU, tax_, __.amen ta, or iM.ur~ p,.",niu.on& ...hAll tw dut' It at Any tim0 the mo~r &hall ~~f to tt,e mort&~ in ~urdUlC-e with ~ provialonll of till' nott' Meur*", hoeAby, full pa.y1nwt ot ~ eutif'tl iodfl>tedueM rept.eNnt.ed ~reby, tho rnortaail~ all.!1. Il\ nlIll. (>UtiGl' Uwt amount. of J.UCh indebtedneu. creGit tJ.) tht' ac~,,<'unt of lhf' mol1.<<t.I'\.lr aJl pA~'nH'nL'\ mld.:- undf'r th~ pt'"t)vi~ at {II) o! pa.TAl'rapb 2 h<<reof which t.he mo~ h.u not bt-<:(>me obligated t,.p<",y to th.. '''Elden! HOU$i~ COmmiNKlMr and any t~ X'1!!fnaJtlin, In the lunda It.C~wnul.&t~111ndt'r tiw pro\ 1~lt'l\I of (b} of said plLrlloCraph 2. Jf thQl1f oh&11 M" dd..uh un~r ""'\1 ot th~ pf'>)'''~h)n,s of lhiA mortill4i(', r(>- .utti~ in a pubhe a.&ie of tn. pr.miMII covered hereby, or it lhfi morti14r\!'6 &Cq\lir~ tht' pn)lwrty otht'f. "~ ;u~.c' ~-1..;;l"~ ~J....;; ~~~";--oq~ =h~! ~~p!7, ~! !h~ H~~ <:>! ~he commencemc'nt of 1\1(h pron~"\illlt{1\ or Ilt tho (l tUne tM;S' , pro.rty j" othnwl.M a.t:'lluired, the balM_it lh~n ~alnin, in Ow tur.d~.c('umuliltl...1 u. niler (b) crf par 2 pr<<edin'.... cr~ilt .,.:t.in.at ~am()u.llt of p-rinc~~l then h-malnmg unpil\fi un,kr Mid note ~ pro~rb' .<!jut! MY J.'&}'~nla which .lull hAve ~n mAdfl umkr (0) of Uld pllrajo{ftlph. .. ThAt hoe will pay a.1I U:tf'A. ~f:nu, WAtd ratH, and (.t.hH iro\'HlHnt'ntAJ or mUrll,:lp".l rhAl~t"~, ~ or impoaitiou.... for which provl6ion h.u not ~n mllode ht'relnbtofOf(>, and in d~fault thereof tht. mort. I'~ m.,- pay the a.ame; &nQ th..t hE ~'i1i promplly delivt'f the c:,fndal nXt'ipu thHdor to th(' rr.ortj\AS-t'c, o. 'Ilt.at he wi\! r.....rmit. c..1tnmlt, Of flulhr no ""ute, imp4lOn\'nt, or deterioratIon .of Ill'lId pr')~}t'rty or !Lny pilrt th~r<<>t; and in the ~~ent of the failure ot thtl morta'&i'Of to, kcoep the blllidlni8 on lHllcl prt'f!il'''.'' a.nd th~ to ~ t'rt'JCW on ....11.1 pnm1\~, or imprQ\'em~nt..8 th~r~rJ. In if(X,oD rt'p&ir, thf' Illongagt't' rnl\~' make Iu<h npail'll u in ita di~,.eti(Jn It ma)' dffm neceu~ry {or Ul~ pn>iX'!" l'tf'.6er\'atloil thE'H.()f, and the full am(~nt of u.ch and enry .uch paym.nt AhAU be imm~1iat~ly due and p.A)'ablt', and ~huH b.~ &l,<:url,<l by th~ lie-n of thi. morl<<f>P. 6. ThAt. l;" will ~...y ..11 and singular the c~t.e, charges, &nd l'.Ipt'ns.e3. indu(hng n'lllwnabk Iii\' )"(.r's fees. Md CUlt.a (;.1 a.t.t.rACU of tiU~. incl.lrr.w or p&.ld at ..ny time by th<! mortgag-eot' L><<l1u;\t' of th.. failun' ~H1 the put ot ~ .mort~r promptl~ ,andiullr t.o per(oml the a.1T~ment~ .nd ('(,VNlftnt" of Mid Jlrom- l.HOry note and Una mor1l'~e, and 5&10 cYlllU, ~r.&rr-, a.nd ~xpn~ llh.ll (j(' lffimNliit<.!y due .an. pay- Able And ahall ~ ~uNJd by tile Iit'n of thi. morti~. 7. Th.&t h~ will k~p tht' lnlprovement.e now l'xi.Jtlni' or h~r('.attt'r HcctM on the mortifl'lgt"d propt'rty, inAutO!.d, M may be ~uin_~ fr?m limp. to time by tht m':H1.gAgee .A~&irl!t \~3 uy fire llnd otht'r hsurdll, C'.'UUA.ltle1, and C(lntin~ncles In ftuch amounts and for auch penoda &.8 mB)' be tl'l:lulrt.>d by rnortgaj{''i', and will pay promp~l)'. .....hN\ dut', any pUmiUI'TUI on llurh IlUu~a.nce for pA)fn(.nt of which prU\'lllIOIl haA rwt beetl ~ h~rembdor~. . All ln~urane(' r.haJl bt-:> (,-Arned In c.'}mpal1lt"3 llppro.....d Ly rnortgaji('t.' snd the polie~ AM n?MWIlls th("frof &hall be h~ld by mor~&goo and have ittacht'<.1 tlil'rdo 10M payablt! dA\.I~ In fa\'or of and in form &1X{'ptAb~e to the morttfAgM:. III event of 10.'1...' he wil! glW' imllll'olatt> noti~ tiT rnaii to mortga.&'*. Ilnd mort!{"If~ mAY make proof of 10&4 it not mKdF promptij' or mort~agor. JUJd t\ar...h ineur&nce company COflC€?rne<} l~ h~r~by Authorlu<1 and dlfecte<1 to make p&)'ment f'It l'uch k.lM dil"tCUy t.o m')~ in~tf;'Ad of to mortil~or and nwrtgaif'f. Jointly, 411..1 the Jnsuran(t' pro('f,'d~, or any part thereof, may b..J applied b)' mor~a.s~ at itA optWI1 €ilh-er to the rNluctlon of t~1t' Indd;!,..lnt'S!l hereby f!IIeCu.rtod or to It.t T6toration or repair of till' property daniAgffi. In event of ((lT~IO..'\lJtf' of thiA MO~ or other tnuU!ft>f of title to tht! mortia.g'f:'d property in l'xtinguishnH'nt o( the inddJ\e,dn('S$ ~'Cured herehy. all ri~t., title, and int.eTi'!et of the roorti~r in and tt, any IIUIlIr&IiH' pollelt'S then In (oret' wli fJOoM to thf! purchU(!( or f(ran~. t~t ~!Vn8t t....itf! fl)Oti<<~ mil), at al""J1 \iiTt~ .~;:d~lji n o~~t ~r...."";~i ~:;:;; ;-;;\';~i'~"'''-I '~pr;~:" t~ :~::- ~.~~~:--~ ~~~. ing Jurisdiction thn{'()f for the appointment of a rc->.:('iH.r. AlI<1 IllJth court. AhRIl forthWith app..llnt II ~t'iv~r 01 the premlM'A {'overc>cl her1:by !aJl And amaular. IIldudllli all and 8l\1gular the IllfOilH', pwtila, wues, snd revenUM from wOliti'VU &{)Urc~ derived, (oAJ.:h And every (If "'lhith. it l~iJ1g opno~.~ly t)lHln- stood. i.I hereby mortgiABN i\.& It' l!pedfically .et forL~ and d~t1lif..d ill the gnntinj( 8nd habendum rlauws hf'r~'{ and IUch H":ei....er !ihllll hAve all the b~d and t'floctive functions and POWNIl HI B!lVWI"" ..,~~!"~!~^J t,y !< Nltlrt t.ll a roceiver. &nd ~uch app.-)intmt"nt &ha!l be made by such ('OInt lU an adrlHtt,'d equIty Ano A mAtter of al)3olot~ nght to S.A,id m(lrtg&gt't!', and without rt'frft'nCe to Ul(' Adt'GlJlIC)' or 103d- eqUACY of th~ v.hil' o( the pn~I.)(>rty morH~ai't'd orto the a.ol\'i'ncy or inl'lOlvt'flC}' of uid m(jrti8~M or the d{'fl"od.3-o13, And that such. Tt'ntll, proflt.~. \neon1\', W~h'.8. and ft"\'elii.!N\ shAIi b~ applled by lIuc!i H'('t'lwr a...-.:Qrdmg t.o UH' lien of thl1l mortglllrt.' and th~ PUdICt'. of lIuch court, In the ('\t,>ot of any dr:fs\lll on tilt' pArt of the mortgagor h\:f>:under. the mortg1!gor .gf{!~ tD PAY to the mort<<~g(-e. on df:mr.nd a~ ? T('l\son. Able monthly r~nt.1 tor the pr{'ml1;~ an amount at 1('..I\.8t ('(j~lvalt'lil to on~-tw('\fth (',i,) of till' l!j,lgri'gAt(' of tilfl twehe monthly in.~talln)(:nt3 poIl)'able in the UIH; curr~nt year phIi'! HH~ Actual amount of the &!11H1!t1 taxM ~Jl.mentA. watH ratea. and in.lUUllt'~ premiuffi3 tor 1lX'.h >~Ar not ('ly\'ned b}' thi- a!on'AAHI monthly pliymentA. ~l. TtH:' mQr~aKof f!lrther r~)\'(,IlAilta that I\hould thiS mor.:..tifAK" and !fit' fij,t.' 5h:UI;<1 h..r'.'\;Y !lot I;.;.. dlglblt' for inl!Urilnc\: lllldl'T thp Nl\tHo/ial JklJ!J1ng Act wIthal 30 DAYS !rom tht' dati' hl'fi'of IwriltJ'n ~tat('nit'nt of alii offkN of the f't.'\('l"al Houaing AdmlllllltraTlOn or l\uthorlu<1 iI~.'nt of the F!>(!f'Ial ih".11Hng CornrnlMiO/1er JalNI a\ll~uetit to the 30 DAYS ti!l)(' from thl' dnt.' of th!'! rnort~B.f{\? d~x1inlf!il to H18Uft' Mid not,. lind thia mortg.K(", being d,,,,mr.d ('(Iliclw\I\"I' ploof IIf ~ud, lil- l'llgibihty), the mlJrt~alC\" or the holder of tl1l: not.' lI1!\y, at Ita optIOn, d."(IQtf all 8lHI\81\('('un'd h.'rd)) Imme.chatd:; du(' and p~Flb!t'. 10. That (a) In Hw (~V"llt uf an) lrt:l!.di of thill mortg6l'{'> Of d~.taliit 011 the pan of tb,' nWI 19li){Or. or (b) in the I'vent that ~11}' of Mid !I\.!frL3 of mone}' nNun ft(erre-d to b..., not promptly and fully ~lSld wltL- 0\;1 dcnumd (}J' notiet'. or (r) In the ('\'('"t U\&t cad, and ("Jery HI{' litlpu!atioIlli. a~r~tnent<'J. ronditlon,~. and ,:ovewlOU of Mid not(' And thl/\ mortvg<:, are li;)t dub', promptly, f1ld f!lHy !ii"rf"rrnt:'!; th(-n ill eithr.r or any /;u,~h CVt,nt,UH: .ald 8S'){r(:Rat~ !um Jllentiom0 III MHl nute thptl r,'rn~lninH Ufl~I,I, With intern'll fi.Cct"uOO t.o tklt lIme, Alv.;l all moneY3 &("~U~ hen'by, ~hA11 t.ecomt' due and pj;)'abil:' forth\lnUi, or tht'n'attN, At Ow optIOn ?f "HI mOltg8.gl..'€. :\.li fully I1nd fornpletdy AB if all ,A the Mid !!uml' of money W(,f"~ orzlflaJiy Attf;ilU\tU! t-j IA; JL<,d OIl 'HAth tiAY, lUlythinlii in Mid Il(,t.e {.if In lllilS mortKlll'.t' t.o the cOIil.rnl') notwiU\J~tanding; an,l tht'/I'UPQll or thHNl.ftH, ~t tht" opt!')li of Mid rnortl$~:-C. WIthout notlck or demand, /ilia ~t Law or in ..,,~uity, filA}' bt> pf(~,,:tJt.f'(1 u it all monevs fl,({"uti:d hNi'by had rr.alUfc,,1 pri(Jr to lIlt ln~tl' tut.ion-,. The mortg$g!'''C may fnrf<los€ Viii !nQttg'l!B~. ai: to the A.llK!Unl w. d:x:lare<l dlJ~ and pIIYilbie, and the ~l.a pI('m!..!l~~ Mill! lw SQlrl to /!.3tl~fy Anti ~.ay lhp /k'mw tf)i~tn<'r with c0i5l.3, ('x~wn;v'~, an(llillnwa.ll('n~. In ~~~ vt ;.~rl~al. (or(;~k"f!tH-l' of thi;s fn{)ttlll1ge, U,~ mortg1il..a pn'ITtlM'S !ha!l be 30Jd Iillbjf"et t.. Uw \oIl' tinutnM Ii~ ?f th,.: mort~K(' tor the twunt of the di:'bt not then dtle and unpaId In surh eM" tnI' pro. V\ll0fi8 of t/115 plual'u:ph rnay Il.pln 00 aYal\<<l of thH..~!t~r from tIme to tune by thp moi"tRag(,<' i 1. That tilt' mortgagor will give imme<jiAt.e liotre,' b)' rr..all to the mMtga~l'(': lIt /iny ("onw....Alir.., traIilJfe-r, or dllmge ot OWliFfI>hip of th" pr\'milK>$. 12_ That no waht>r of L"lY CiJ\'l"!'\lJ.nt herein Of of thf' d,ligAtion 8{\('!Hf(i hl'r1'lJy !lhnil at l\.ny tin\/' tht'r"Af~t' be heid to be II. WAiver 0f th~ t...nns hereof or of th(> flote ~urt'{l IWT'l'h)'. '. .