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Home My WebLink About0258 . tStats ot l7aida doc~unentary ~tamps !n tbe una~at ~e4~red b~ I~a ar~ al~bced to the wiginal ot tl~e lorsgoiag nots a~! ~'.':~3 ptts-..:~tt Lo 2a~.} - Md sbsil du~Y. P~PW ~~~1? P~orm. d1~cMr8e. e~cecute. dtec~ oomplete and oonaply with snd abide Dy eacn and evary the sttpulatla?4 ~eata~ oonditloas and oonronaata at dd promiseory note and ot thls mortgega, thai thts mo~tgage aad the estste hereby cr~ted eMll cee~s aad bs t~ull aad vold. . And the Mortgagos oovenanta and agte~ to and arith the Mortgagee as foilawa: i. He wlll psy the pdndpsl and lnterest and the vadous and sundry ~ums oi aioney pa~yabls by Wrtue of said promtssory note and tlils mort8'~8e P~??Uy on the dsys We saine become due and he will promPVY Perform and oam- ~ P~y? artth each and every ott?er covenant aad agreement in sald pmnnL~sory note aad mortgage. nov? on ~d d~i~ pr~ope~~ ~~te= e.. liabUitles. obligstlons aod incumDrances ot evesy nahu~s and Mnd nenaiter may be levied os asxased upoa? thls mortga~e or~the~ ~~cupred hee+eby. whea~ pqyabb ooord-t ing to law, before they beoame delinquen~ and before azlY intereat attachea or aqY P~~tY 1s iacurred; and in eo far as - ~y thereat is ot reoorQ the same stuill bs P~PLIY saUsfied and rged o! reoord and the orlglnsl oKicial document evidencing such aetLdactian and dl~charge shall be P~oed in the W~ o~ssid Mostgagee withia ten days next after pay ~ mmt~ The oovenants and agreemeata in thls ParaBmPh aball not bs appDcable to the taxes aad au~aenta which are to be paW out ot the fuada deposlted with the Mortgagee under the ternis oi paragraph 4 at thme oovenauta and agreo- , ment~. S. He will keap the improvanenta now e~dsting or henaiter erected au the mortgaged propaty Insured agala~t Ioas by !!re and other Mzard~, ca~walties aad oontingendea in sach amamts and for auch perlods aa ~lY ~ i'e4~~ bY Mortgagea All insuranoe aba11 be carried in ooanpantqi approved by Mortgagee and the poltdes aM seaewaL~ thereof ahall ba held by Mort~s~ and t~ave attached thento laas payabls clauses in favor oi end in form aooeptsble to the ` Mortgagee. In event o-t~oe~ he wW give immediate noUce by mall to Mortgagee„ nnd Mor~t~~agee may make prooi o! loas 1f not made P~PVY bY Mo 'oT. and each lnsurana oompany caaicerned i~ here sut7ti and directed to make peyment for such laea dlrectly ~ortgegce iuatead of to Mortgagor and Mortgagee~int~y. and the iaguranoe p~oceeds„ or a~y part thereof. ma,y bs applted ~ Mortgagce st !ta optton dtTrer to the reductMn ot the indebtedaeas hereby so- ~ cured or to the restoratloa or repatr o tbe P~P~t~Y ~a. In event oi forecloaure o[ thla mortgage or other transfer of tltle to the mortgaged ProPerty? in extingulshmeat oi tLe lndebtednees secured herebY. all rlg~ht, Utle and lnterest oi the I Mortgagor in snd to aay insuranoe poHcte~ then in foroe ahall pags to the pur~haser or grantee. 4. In orcler more fully to protcct tbe secudtq ot this mo~tgage. tbe Mortgagor. together wlth and ia additia~ to the mot~thlY PaY~?ents w~der the tenns ot tt~ note seeured hereby. on tbe flrst day oi each manth and until aaid ~te is t~11,y patd, si~au pay to we Mortgagee aa instalment of the taxes and as~amente next to beoome aue agatnst tha mort~ j: Su~ch it~tal~ta ahall equal r~sPecU~ ~ taxes d a~ssmenta~[n~oe~dP ~ms. all as eatima~ ~ the Mortgagce. leas all sums already patd thereon. divtded by the mmnber o! manths tLat are to elap~e befo~e o~e month i pdor to the date afien such taxes and aas~smeata ana Insurauoe Premtums will beoorae due. 3atd instalmenta sball be . held by the ][ertgagee in hwt to pqy auch taxes aad as~eaementa md insuranoe premiums. M pqymmts made under the terzns oi thi~ ParagraPh and under tt~ note secured hereby sbaU be added together and the aggregate amo~mt thereo! - et~all be patd bq the Mortgagor in a atngle pqyraent each month to be ap~Hed by the Mortgagee ia psymeat ai tbe items i:~ and in the order following: (s) taxes and a~n?ents, snd Inauranoe prezniwoaa: (b) lntereat aa t2u note secured hereby: and (c) amortizatioa o! the prlndpal oi said note. My dWdeacy ln tlie amo~mt at aw~ aggregate monthtY P~3~ent aball ~ coa~titute a default under this mortgage. Whea such taxes. a~essmeaits and ia~uranoe premi~ fari duq ii the am~nta ~ depoaited by the Mortgagor for auch purpo~es are not aufricimt to p~y sald taxes. aa~ssnents and fas~ranoe premiwws,, as the cax maq be, U?en due, the Mortgagor will pay to the MQrtgagee aaich defidency itnmediately. Whea auch taxea, asseaaQnent~ and inaurance premiums fall due. it the amouab depos[ted by the Mortgsgor !or auch purpoees euceed the amamta due for auch tsxes. esseamanmte and insuranoe premi~mna. ffie excxss may. in the~discntion a~ the Morigagee. be < applied on subsequent mo~tbly payments to be mede by the Mortt~or. Lr the event oi default under tbi9 mortgage ments~ rance p~emiu~ms ehall be a~p~Aed~ bT~q t e MortSagee upoa ~rtedneas berebY a~ecured. !n the~following order: (a) interest on advances made by the Mortgagee: (b) advances made by the Mortgagee: (c) intereat on tLe prin- - dPal: and (d) the principal debt hereby secured. When aaq such taxes, asx~aeats or insurance Pre~?iimae lall dne the Mortgagor wlll promptly obtsin and dellver to the Mortgagee atatement~ with respect thereto. Tha Mortgagee may col- lect a'7ate charge" equal to 496 on any moathlq inetalment patd more than 16 dsqs atter the due date thereon. I 5. He will periNt, c~nratt, or auKer no waute. impairmmt or deterloratlon a~ satd property or any part thereo~ l I In the event oi the failure of the Mortgagor to keep the buildIngs oa said preznisq aad thoae to be erected aa satd pre~n- fae~. or improvements thereoa. in ~ood reP~'. the Mortgagee maq make sach repairs sa ia Lis dlscsttlan be maq deem aeoessary for the proper pre.~ervat[on tt?ereol. " i 8. 8a wiri paq all sn8 sing~ilar the oasta, cl~aeges and e~cpenses. including reasonable attorney's teas. ooeR oi ab- stracts oi Utle and tltle eearc.bes incurred or paid at any time by the Mortgagee ba:ause oi the fatture on the part ot tLe Mortgagor pro~nptly and ftiillq to perform tbe agreementa and oovenanta o! esid note and thls mort8+i8e. and said oast~„ chargea and eacpenses abari be immediatelq due and payable and abull be aecured by the llea oi thfs mortgaga snd auch !7[jltAaltUl+CS St1811 atBW ~tCtC.Rt 8t thC l8t6 OT l~lt j~! OP11tUm F1@! wnm*en T. That (a) in the event o~ any breach a~ thls mortgage or detault on t~a part of tha Mortgagor. or (b) ia the event eay ad said sum~ o! moneq l~erein refen+ed to be not promptly and tully paid witbwit danand or notioe. or (c) in the evPnt the sUPulattaav. a8'ne~neats. co~ndttia~ns and oovenants oi aaid note and thLa mortgnge are not dulY. P~PUY and fully periormecl. U?en in either or atty such event, tbe said aggregate sum mentioaed in aaid note tl~en remaining un- pai8. wfth lntereat aecrued to that time. ead aII moneys secured herPbY. shall become due and payable lorthwit6. or there- after~ at tbe optioa a~ eatd Mortgagee, a,e i~illy and oompletelq ae i! all ot the satd sums M money were origInally stipu- lated to be paid on s~ch day. anYthing in aa[d note or ia this mortgage to the oontrary notwithstanding; and thereupon . or thereafter. at We optio~ ot aaid Mortgage~ without notlce or demaad, suit at law or in equ[ty. may be pmeec.vted av ft all moneya aecured hereby had matured prior to its institutton. 8. 1Le Mortgagee msy. at any time while a suit is pending to foreclose or to reform this mortgage, or to entorca any clai~ns arising herewider. apply to the co~rt having iuriadiction thereof for the appointrnent o! a receiver, and auch oourt ahaII forthwith appoint s receiver at the premises and sll other pmperty oovered hereby, fncluding all and eingular . the iiwom0. Profits. renta, iaaues and r~we~ues tmm whatever aoura derived, a~ such rECeiver ahall have all the broad ~ and ettect[ve funcUone and powers in anywise cntrwted by a oourt to a receiver, and such appointrnent shall be made . by such oo~rt es an admitted equity and s matter at absolute rtght to said Mortgagee. and withart refere~e to the ado- Quacy or lnad~qwcy of tbe valua ot tbs Property mortgaged or to the aolvency or lnaolvencq of said Mortgagor or the f. ~ . defendaab. and such incea~ae, Protlts. r~ts. lssu~ aad revenuea ahall be applled by such reoeiver aooording to the Hen oi - thls mOStgage ttnd the pi'aatice o[ euch Conrk ~ ~ ! . ~~R~ ,7~ FA~E25~ ~ ~ . - _a::~ _