The URL can be used to link to this page

Home My WebLink About1095 iDd ~1YY?LOO~ ~!'ldll~llil~ Y L~ CW l~y ~l Qal~ ~1i11 DA LA~ b~ ~bi Oll J ~ ~Q~ ~l1 b0 III~A ~ ~A 1lIOZ'~.~ 110~IdY~Or~ ~ ~IOiI~ ~1110ltb ~~N 1~1~0~1l~1~ ~ ~ pp~ ~ ~l'iQip~l = pt'l00~ ibin ~ bf ~t ~0 ~ ~a? ~!t ~ Y~lYR1~1~• ~ and ias~ran~preaai~as the caN nW b0. when the s~s beooone dne snd p~!~rable, then the t p~y to aq~ aaaount neoe~sar~ bo mske up the de8cienqr. on or oetora the te when p~ym~nt oi ~h 1~~~i~a~, premiuma a1~11 be due. 1i at a~y time the nar~a~or ~11 tendlr to t2?e mort~s in a~ooord~nce with the proviaions oi the aote s~cured hereby~ i~nllp~men t oi the entire indebtedaees repreeented ther~y~ the mort~ee alull. in caa- pntin~ the amount oi wch 'wdebt~ednass, crsdit to the aooount oi th~ a~ort~a~or allp~ym enta made under the p~mv~oas ai a) c2 par~rsp6 8 ber~! wbich the nw?r~ has not beoome obl~ted to p~y to the ~ Fedeni Housin~ ner and aoy balsnoe r~a~inin~~in e itinds accumulated wnder the provisions ~ oi (bj a~ e~idu~ aQraP~ S. Ii t~?eY'e dhaU be s detanlt nnd any oi the provisions oi this mortgs~e re- sult~ns in a p lic aale oi the premisea oovered hereby, or if the mwrtg~ee aoquires the property ot~er- wLe aiter deiault. the mort~a~ee ahxll spply. at the time oi the encement oi auch proceedin~s or at the time the pro ia otherw~se ~oqnired. the balsnae t6en r~~:~~iag iu the fnnds aocumut~ted under ~a ~~`~~~~~i,~ wu~~'~ u ~a~"~ i~~ a ~ ~ P Per' 4. T6at he will p~y aU ttucee, assemme~?ts, wster rates. snd other ~+ovenuaental or municip4l~dy~~ fhies, or impositions. ior whic6 provision has not been made hereinbefore, and ia deiault~~~~S' ~ ~a~ee my? P~1y the s~une; and t6at he ~viU pramptU? deliver the oigcisl reoeipts therefor the ~oao _ 6. Tl~at he vvill permik commit~ or sul~er no-v~?~te, impsirment~ or detertoration of asid pirop~ty nr ~uc~ thereo~; snd in the event of the lailnre oi t6e mort~~or to keep t6e buildiaas~ a~ sain prem' , and ~hose to be erected oa said pre~nnises. or improvementa thereon. in good repair. tha,mortgagee n~' make snch repsira as in its diecretion it m~y dcem neceasary for the proper preservatio thereof. and inll amount ai each and every auch pymaent ahaU be i~amedistely due snd p~1?able. sn~l ~,~~d . by the lien oi this mortga~. ~ , 6. That he vvill pay aU snd the oosta, charges, sad ezpensee, incl n~ reasoneble lawyer's iees~ ~?nd oostis of abatracts of titl~rred or paid at an,y time by the mortga~eeu~ because oi the failure ~oa the ps~t o! th8 mortgaeor pr~ptly and i to perform the agreements and ooveaants oi said prom- issory n~ote and this mo~ lie~n ~ t6is mts•p~, and e~cpeases shall be immediatel,Y due and p~y- . able and ahall be secured y rt~aS'~. 7. ~t he wiU keep th~e impu~v:.a?ents now existing or hereafter erectsd on the mortgaged ProPer3~Y. - inaured asa?ay be required iroan time to time by the mo~~ bss by flre and other hazards, . casualties, snd contin~encies in anch amounts and for suc~h perio~s ~s msy be required by mortgagee. snd wi11 p~yp ptly, when due, ~y premiuma on auch insuranoe for ~yment of which provision haa not m~de h~ereinbefore. All ins~ranoe shall be carried in compan~es approved by mortgagee and , : tl~? p~~ snd renewala thereo! ahaU be held by mortgag~ee and luve attached theret~ loss pay?able ~ - r CLaaes ~rl~wor of and in form aa~eptable to the mortgagee. In event oi loes he wiD give immediate not{o~ msi'l;t~o awrtgagee. and mortga~ee ma~y mal~ce prooi o! loss if not made promptly by mortgagor. • an~ ~~qssnoe oompAny concerned u her~by anthorized and directed to mske p~yment for auch Id~s di~sW? to mortgag~ee inatead oi to a?orkgagor and mo agee ~oiatly~ snd the insurance praceeds. or ds • ~~reof msy be applied by mortgag~ee at its option~'ther•to the reduction oi the indebtednesa or to the restoration or repair of the roperty dsmaSed. In event of foreclosure of this ' ' rtQag~e,.o~•other tranafer of title to the mortg~gre~ property in e~ctinguishment oi the indebtedneas • - ~jey~ 7i~b~, all n t, title, and interest oi the mortgagor in snd to any insuranoe policiea then in foroe absU ~p~taq„to the pnrc~aaer or grsnt~ee. S. Thst the mortgagee msy. at any time pending a suit upon this mortgag~e, apply to the oourt hav- - ia~ ~uriadiction thereoi ior the appointment oi a receiver. and auch oonrt ahall forthwith appoint a reoeiver o! the premises covered hereby sll suid a~n~u~ar. including sU and singular the inoome. proflts, ~ issues. and i+gvennes iran whatever aouroe derive~~ e~ch and every of which, it being expressly nnder- st~ood, is het+eby mortgaged as ii apeeiAcally set forth and deecribed in the granting and habendum clauaes he~rreol. and auch rcceiver shall hsve all the broad and effective functions and powers in anywise ~ entruated by s oo~ut to a reoeiver, and wch appointment shall be made by such coart as an admitted equity and s matter o! abaolnte right to said mortgag~, and without referenoe to the sdequacy or inad• ' eqnacy of the value of the pmperty mortgsged or to the solvency or insolvency of ssid mortgagor or the defendants, snd that such renta. pro8ta, income, issuea, and revenuea shaU be sppiied by such receiver sooo~to the lien oi this mortgage and the practice oi such oourk Ia the event oi any defanlt on the . part o! e mortgagor bereunder the mortgsgor sgrees to psy to the mortgagee on demand as a reason : sble monthly rental for the premises sn smount at least equivslent to one-tweifth of the aggregate oi the twelve monthly installments payable in the then current year plus the actusl amount of the annual tsuces amessments, water rates, and insunaoe premiums for such year not covered by the aforeaaid mont~ly pAyments. ~ 9. The mortgagor further covenants that should this mortgage and the note secured hereby not be eligible for inaurance under the National Honsiag Act within 30 days from the date hereof , (written statement of any officer of the Federal Housing Adminiatra~ion or suthorized agent of the ~ Federal Housing Commisaioner dated sub~equent to the atoresai~d time from the date of thia ; ` mortgage, declining to insnre said note and thia. mortgage. being deemed conclusive proof of auch in- • F eligibility). the mortgag~ee or the hotder of the note may, at its option, declare all sums secured hereby ~ immediately due and payable. 10. That (a) in the event of any breach of fihia mortgsge or default on the part of the mortgagor, or (b) in the event that any of said sums of money herein referred to be not promptly and fully paid with- out demand or notice, or (c) in the event that each and every the stipulationa, a,greements, oonditions, ~ ~ and _covenanta of said note and thia mortgaQe, are not duly, prnmptly. and fully performed ; then in , ~ either or any auch event, the asid g~re~ate aum mentioned in aaid note th~n remsjninQ unpaid, with intereat accrued to that time. and all moneys aecured hereby, shall beoome due snd paysble forthwith, or thereafter, at the option of said mort,gagee. ~ta fqUy and completely as if all of the asid auma oi money : were orginally atipulated to be paid on such da~y,~nq thing in aaid note or in thia mortgage to the contrary ' notwithatanding; and thereupon or thereafter, at the option of said mortgagee, without notlce or demand, : suit at law or in equity, may be prosecuted as it all moneya secured hereby had matured prior to its insti- ~ ' tution. The mortgagee may foreclose this nwrtgag~e, as to the amount so declared due andpsyable, and the said premises shaU be aold to satisfy and psy the same together with c~sta, expenses. and albwancea. • In case of partial foreclosure of this mortgage. the mortgaged premisea 8ha11 be aold subject to the con- tinuing lien of thia mortgug~e tor the amount oi the debt not then due and unpaid. In auch case th~ pro-. ~ viaiona of thia paragraph may again be avsiled_ oi thereafter frnm time to time by the mortgagee. il. That the raortgagor wiU give immediate notice by mail to the mortgagee of any conveysnae, transfer, or change of ownerahip of the premieea. ~ 12 That no waiver oi an~ oovenant herein or oi the obligation securcd hereby aha11 at aay tims t t6areatter be held to be a wdver oi t4e terms hereoi or of the note secared hereb ~ ~ ~ ~ ~ ~ F ~ ' ~ • ~a~rl " _ _ ' - . . _ ~