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Home My WebLink About0272 ~ . . the de6cieaay. Snchpy?m ent ~6aU be m~ds within thirty (30~ d~ys after written notio's ~rom ths~Mortgsges ~ ~tatang the unounti of ttie defiaeaoy~ which~ nouce ~may bs ~ven b~ mail. It ~~t~ms Wis Mortgagor ~ f eh~11 tender to the Mortg~ges in sooord~nos witb t~6s proviuoas ot ths nots ~ecured hereb~~ full p~ya4ea~ ~ oi the entire indebtednees represented ~bareb~~ the Mortgagee ~s trustee shaU~ iu oomput,iog the amount oi ' such indebtedness, credit to the woonnt oi ths Mortga~or ~nv credi~ bal~nce remain~ng ~under the pr~visions of (s) oi said psrsgnph 2. It there sh~ll bs ~ deiwult itndsr wy oi the provision~ oi this mort~sge resultin ia a public esle oi t6e premises ooverod hereby~ or it the Mortgagee acquires t6e propecty oth-irvviee uit,i defsult~ the Mortg~gee w trustee shall ~pply~ ~t the time oi t6e oommencement of such pmceedings or ~t the time the pmperty iu otherwiee aoquired~ the unount then remsiaiag to credit oi Mortgsg~or under (a~oi para~rsph 2 preceding as • credi~ on ths interest aocured snd unpsid snd the belance to the principsl ea remsuung unpaid on esid nofs. 4. He wW pn~ a!l ta~oe~ areesemenh. w~t~ee ratia. ~nd ot6ec~o vernmeatat or munidPv ~h~TRa, ~ impoeitione, fos wLic6 provieion ~u not beea mads hereiabetore, and ia detwlt L6eraot ths Mort~ee miU? PiU? tbs s~me; ~nd t6at Le will p~ro~pyy deHvee fbs os'io~al reoeipts tberefor to t6s Mortg,ea~ee. ' b. He wlll permit, oommit, os su~er no w~st~s. ianpairmeak or detertorution of aaid propeetjr aeany ~ thereet ezoepti rea+eonabb wa?r ~nd tear• ~nd ia t6s eveat ot ths i~ilure oi the Mortg~gor to keep tha buildm6p on sai~ pe+emises and tLase to bs erecte~ oa eaid p~i~es, or improvtments tLereon, ia 6ood npair the MortgAgee my? ` m~?Ice wch npairs ~s in ita disce~etioa it mRy dee~m neoeeeary for the proper preeervation thereo~ and the iull amount ot a~ch and every such p~ymeat sball bs dus aad P~Y~ble lhist~? (30) d+?Ys atter d~ ~nd shall bs sec~u~ed by ~ ths liea ot t~Ws mort~s. . ~ a. He will pay all and dnaul~e tbs oosl~, and ezpeneea, inoludins reasonable Lwyer's fees, ~nd oosta ot sbatracts ot t~tle, inaurred or paid ~t aqy t3me b~ y~ortgagee because of the f~?ilure on the p~ut ot the Mo ? ~ P~'~Pt1.Y and fuUy to pettorm ths a~ree~nents aad o~vensnte of eaid pm~mie~eory note snd t,his mortga6e, ~n satd ooets, chaeg~s, and eocpenses.hall be immedjatie~y dne and p4yable and s6all be eecured by the lien of t6ia mortg~s. ' T. He w~l o~atinuouab maintain Lwrd insuranos~ of such tiype or t_ypes and sanounts as Mortgages m~~ tr~m time to time require, on tbe impro~ements now or Lere~tter on esid prsmisee and e~cept when p~yment tor all such premiuma La~ theretofors been made under (a oi psrage~aph 2 Lereof ~a will p~y pmmptly ~rLen La ' due an~ gremiums theretor. All insuraa~oe shall bs car ' in oompaniea appmve~ by 111 and the pol~ f cies and renew~ls thereof eLall be Leld by Mortgagee and LRVe ~?ttached tLereto loes p~yable suses in isvor ot ~ and in form acceptable to the Mo In eoent oi loeB he will give immediste notice by mail to Mortgagee, and Mortgagee m~y mslce prooi~~ ii not made prompdy by Mortg~gor, aad each ineuranoe oompsn,T ~ ooncerned is hereby~ ~uthorir~ed and directed to make p~yment for euch loes directly to Mo~~ ee instesd oi i to Mortgagor and Mortgagee jointly~ and tbs i~uranos prooeede, or sa,y par~ thereoi may be apptied by 111orD- ~ ~gee st ita optioa eiLher tio We reduction ot the indebt~ednees hereby eecured or to t~a restoratioa or repair ot the pmperty dama~ed. In event of foreclosure of t~is mortgage or othe~r transfer of title to the mortgaged " p~+operty m extingu~sLmenti oi t6e indebtedness eecured hereby, afl righ~, title~ and intereet oi the Mortgsgor ia and to an~ ineuranoe policies tLen ia foros o6a11 pass to the purchaeer or grantee. ; 8. He will not execute or Sle of re~wrd any inetrument which ianpoees ~ restriction upoa the sale or oocu- pancy oi the property deecribed herein on ths basis ot race. oolor, or creed. _ ; ~ 9. Ii the premisee, or any part thereof. be oondemned under the power of eminent domain~ or wquired ~s ~ for a public use, the d es swarded, the proceeda for the tahing of, or the oonsiderstion for euch aoquisi- tion, to the eatent of th~ull amaun6 oi the remsining uapaid indebtedneee ee~ured by tbis mort~a~e, are hereby assigoed to the A~Iortgagee~ and his heire or asaigne, snd ehall be paid forthwith to esid Mo~- qagee ` or hie ~aee to be applied on account of the last meturing installments oi such indebtnea~ • provided~-how- ever, the or ee or h~s assignee3 msy at his discretion gay direct to the Mortgsgt?r, Lis ~eir~ or aesign~ ~ ~ ~ny put or all~such award; provided, that ii the loan is gw~ranteed or insured, the ooneent of the guaraa- tor or insurer is obtmined i~ advsnce of saidpayment. ~ 10. The Mortgagee msy~ st anp tima pen 'ding a auit upon this mort,gage apply.to the court hsving jurisciic- ~f tion thereof for the appointment oi a rece?ver, aad sucL oourt e6sll fort6Nnt,~ a~pou?t a e~eixiver of the premisea oove,nd Lenby all end singulsr~ includin~ sll and singular the income, pm&ta, iesues, and ravenues trom what- ~ ~ ever souroe denved, each and every of w~uch it beu'~ espresely understood is hereby mortgaged as if speci6cally ~ b f ~ eet forth and descnbed in the g ran t i n g en~ habendum cisuees Leteof. ~uch a p p ointment shaq be made b y such court as an admitted equity and s matter oi abaoluts right to said Mortgagee, and without reference to - ~ 1 the adequacy or inadequacy of fhe value of the pmperty mortgaged or to the eolveacy or inaobency oi said - ' ~ Mortgagor or t6e defendants. Such rents, pmfite, mcom9~ issues, and revenues ahaU be applied by such receiver ' ' accwrding to the liea of this mortgage aad the prscWoe oi such court. In the event of sny default oa the part , _ of the Mortgagor herEUnder, the Mortgagor agrees to psp to the Mo agee oa demmd as a reasonable monthlv - rental for the premises an unount~at leaet equ~valent Lo one-twelfth of thes~r~a te of the twelve monthlv - installmenta psy~?ble ia tha then current year plus the actual ~unt of the annu~l ts~~es~ aeeeeaments~ water rates, and inauranoe premiume for such year not oovered by the atoresaid mont6ly paymeats. ; 11. In tLe event of any breach of this mortgage or default on the part oi the Mortgagor~ or ia tha event ~ thst any oi said suma of money herein referred to be ao~ promptly and fully paid ~u~cording to tha tenor hereof ; or in the event thst each and every tLe stip uLtiont, agnements oonditions, and ooven~nts oi said note sn~ _ n ~ t6ia mortgage, are not duly~ promptly, and fully perforraed or i~ the Mortgagor be adjudicated bankrupt or ~ msde defendant in a bsakruptcy or receivership proce~diap; then in eithec or any suc6 event, the said aggr~- ~ gate sum mentioned in eaid note then rena ' uapaid, vnth intereat accrued to that time, and all money ~ecured hereby shall become due and psyab~orthwith, or theredter, at t~e option of said I1iortgagee, as ! fully and comp~etely as if all the ssid sums of money were originslly stipulated to be paid on such day~ anr ~ thing ia eaid note or m this mort~age to the contrar~? notwithatanding; aad thereupon or theredter, st the option ; of sud Mortgagee, without nohce or demsad, sutt st lsw or in equity, may be pro~ecuted as if all monevs secured hereby hsd matured prior to its institution. The Mor asee msy iorecloee this mortgege~ sa to t6e ~ amount so declared due and payable, and the ssid premises shsll~ eold to sotiefy and psy the same together i ~vith oosts expenees, ~nd allowancea. In csse of partial foreclosure oi thia mortgsge, the mortgaged pmmises ~ ; ehall be eo~d aubject to the continuing lien of thie mortga~e for tbe amount of the debt not then due snd unpaid. In such caae t~?e provisions of this puagrsph msy again be svailed of theceatter trom time to time by t6e ~ Mortgagee. ~ 12. No w+aiver oi any ooven~nt herein or of tbe obligstion eecared hereby shnll st any time theresfter bs ~ Leld to be ~ wruvec oi the terms hereoi or oi the note secut+ed hereby. ~ l3. Tha'' ,i Qi this inatrument ahall remain in full force and effect during any postponement or cxtenaion i oi the time o1 j.~yment oi the indebtedness or aay part thereoi eecured hereby. e; ' 14. This mo~t,~age u givea to secure tLe porchaee money, or a part thereoi, oi t6e liu?ds herein deacribed aad is aucuted aad delivered coatsmporaueously ~vith t6e deed thenfor. ~ i 15. If ths Mortgagor default in any of t6e coven~ata or agreementa contained herein, or in aaid note, then 4 j tLe Moriga~ee may pedoria tLe aame, and all expenditures (includuig nasonable attorney's fees) made by the ~ , Mortgagee in so dou?g shall dr~w intereat at the r~te provided for in the ptincipal indebtedness, ~nd shsll be ! npaya~bla thirty (30) day~ after demand, and, together ~vith interea6 and costa acccued theceon, ahell be secure~ t ~ by this mortg~e. ~ i 18. Upoa tbe request ot the Mortgagce t,he Mortgagor shall execute ~nd deliver a supplemental note or notes for tbe sum or sunos advaaced by the Mortgagee tor the alteration, moderaisataon, improvemeat~ main- ~ I teamce, or repair of s~id pnmises, for t~xes or aesessmenta against t6e same and for sny other purpoee author- i ized henander. 3aid note or notes shaU be secured hereby on a parity with and as fully as d the advance e~idenoed thereby ~rae+s iacluded in tLe note fira~ dercribed above. Said supplemental not9,9~-aoce~!1 be ry 61: t ; / ~ FAG~ / Z ~ . , ~ ~ - ~ -a.:~z. , - -