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Home My WebLink About1179 ' ~ ~-J-- ~ ' . , . ~ ~ . . . . ' ~1d fOW?iOO~ pl+M~1~ Y dL~ CaN 1by ~l ~0~ /hill ~ Q~~d b~ OR t ~ti ~0 ~ m~ ~ ~M OIOl~O~•~ ~!i ~N a1011~ ~m!llb,~lp~~0 ~b~r~ ~ ~ . ao,d~s (a) d pata~raph ! pero~dtu~ ~haD aot b~ w~! ~o ~ r~nt~,~tasa fbd aaeanaeab ~i ~ no~~~a~ th~ ow a~y b~y when ~ am~ beoo~~s dns and p~,yable, then the aq~ ~mouat neoessar~? ~o mate np ths d~pAcienq~, oa or ~ora the date when p~r?e~nt ~ aoch jpo~renta,~ t~e~. a~smenb. o~' in~uranos pt+eaM1iums ~hall be due. Ii ~ at a~ tims the morfia~oe' ~haU tender to ~hs morti~ee tn aaowrdsnos with ths provLioas oi the nots ~eau~ed hereby, irtll t o~ ths entirs repi+e~ented t6ereb~. t6e mo~es shaU. ia co4?- ~ the amonnt ~indeb~edaa~. crsdtt to the aooonat at the mo~rt~a~or all enta made under ~~~rovidoas o~ a) o~ ~s~raph S hereo~ phich t6s ~a~ee bas not beooine aW~ted to psy to tha P~ederal gpydn,~ and aay bal~noe reamaini~nw~in the ibnds accum~ilsted under the provisioa~ o~ (b) o~ asid 8, It thers shaU be a de~fadt under aey oi the provLions oi t6is mo t~e. re- , anltin~ in a sale os the premises oov~ered hereby ar ii t~1rs mort~a~~es aoquires the prope rty other- ' ',~e ~ detau~ the a~~~p~es shalla~~~. at the oi t6e t oi such p~~~~ or at ~ ' the time tha pro is rw~e aoq d, t~s balanae thea in the tunds aoc~mula under ;(b ofpsr~ra p~ S as t credit atsinst ths aaaount a~ psl th~ r~n~n~ unpaid under ~ b which aluU ha~~ ~~~m~s undes a oi s~id sph. ,~d note and ahall s~? P~Y~ O P~' , . . 4. Tlut he wiU p~ all hse~. assessments. water rates, and other ~rernmentsl or municipal charQes. . ' lines, o~r impo~itions, iar which provLion has not been made heseinbeiora, and in deiault thereoi the mor~ ~~p~,y,~the s~me; sna th~?ths.~in p~+o~mpt~y aeli~?er the ~a receipt. thereror to the mart~,~ee. f-~;•'Y'fist ~~ill Permit, ooanmit~ ar snSer no waste; impairment, or det~rlontion oi said propertq or ~ ap~e ~art thereol.~?d in the event oi the isilars at the n~curt~or to keep the buildin~s on sud premises . ~ snd ~ro~e to be af+e~tbd o~ ssid premise~. or improvements thereon, in ~ood repair~ tbe mortaagee may auch rsp~t as in ib d~ar~on it m~y deem neoee~ary ior the proper preeervation thereoi, and the ~ ~amo~mt aud arvery snch p~yment sbaU be i~~umedi~tely due and pqyable. ~nd shall be aecured ~ , t~ ~ h iti~~ i l l pa~ an ana dn~~'Ltrr~ oosb. cbar~es. ~u~a s~cpenaes, includin~reasonable law}?er': ~ lees~ i~nd bo~ oi abstr~cb ad title, ar paid at aqy time by tbe mort~a~ee uae oi the i~ulure w~ ~t ~f the m~~a~ar pramp~ and t~ pertoim ths s~r~ente ued eav~nants ai asid rota- m p ~~ihsll~ se~.wred~~ mort,~a~e. ~ espe~t~ses ahaU be immedi~tely due and pqy- 4. That he ~rill the improve~nents now ezistint or heresiter et+ected on the martB~ P~Pe~Y. , insnred asm~r bs re~i~ iran Nme to time by the bes by lire_ and other hazards, ~ , cawalties. and ooatin~eacies in ancb amounb snd ior ~w~perio~s ~s msy be required by mortgagee. be~en made h~o~re. d ~'Y P~nma on such iasuranoe ior t oi which provision has AD insnranoe shsU be carried in oan es approved by mortga~ee and ~~~.~the polidet~u?d rene~vaL t~ereo? ~sll be held by mort,~a~se and v~ ed thereto loas payable • ~ ti:- c3ao~.in ia`tor a~ and in farm aa~eptsble to t6e mortaa~ee. In event oi las he will ~ive immediate ~ ;~atioe ti_ f -to mort,~a~ee. and ~wrtgs~ee msY malce proo! oi las if not tnade pramptly by mortgag~or. ; l, i n d~ h nrsnoe oampany conoerned ia hereby aathori~d snd directed to make - p a y ment ior auch ; "to ~ee instead of to mort~a~or and aa~ jointly, and the insurmce proceeds. or • any ~ tkereo~,~~im~ay be applied by mort~a~ee at ib option ei er to t6e reduction oi the indebtedn~s • sher~i$'s~red or to the restontian or repadr oi the dnma~ed. In~event o! foreclosure of this ' mort~e or other tranater o~ t~tle to t]re mo propert,y in estin~uiehment of the indebtedness ' ~ secured hereby. s11ri~ht, title, and Interest of the mort~aQor in and to aRy uisuranoe poUciea then in iorce ~ absll pa~n to the p~nrc~aaer or ~rantee. 8. T6at t6e murtQag~es nW?. st sn3? time pendin~ a anit upon this mort~~ge. apply to the co~rt hav . . in~ ~nrjsdiction thereoi !or the appointrnent oi a receiver. snd aoch oourt ahaU forthwith appoint a - reoe~ver oi the premises covered hereby ~11 and includins aU and a' the inowne, P~~ti. ~ . issues, snd :+evenues from whatsver aouroe deriv~e~, e~?ch and e~r a~ whicb,~bein~ e~cp~+esaly nnder- . atood, is hereby mortas~ed u~~~q?.~ r~n ~a a•.~n.i~ ~~?t~ ~a ~a~ hereoi and such receiver shsll have sq the broad snd ~ective inncti~s and powen iw anywiae . , mtrns~ed by a court to a reoeiver. and snch appointment ~haU be made by auch court as an admitted eqnity snd a matter of ab~olute ri~ht to asid mort~a~ee. and without reierenoe to !he sdeqwcy or inad- ' d~ts, and tbat ~~~pio~ts, i~noanag~ ip n e~ and~rgvent~s shaU be pp ied by a g i u~ h recei v~er aooo~to the li~ o! this martQag~e and t b e pract loe o i s n c h c o u r k I n t he even t o f any d e fan l t on t he pa?rt o! mortgag~or here~nder; the mortga~ora~r~s to pay to the on de~nand aa s reaaon- i~ able monthly reatal for the prem~ses an amonnt st l~st equivalent to on~~ ('n:) oi the a~gregate ~ oi the t~relve monthl,y installments psysble in the then current yesr plus the actw~l amonut of the ~u?nual ~ tsse~ a~amenb, water rates, snd insuraaoe premi~m~s foar soch year not covered by the sforesaid ~ mo~t~r ps~meab. ~ - 9. The mortgag+or further covenanta t6st should t~us mo~ and the note eecwed hereby not be ~ eligible for insnrance nnder the National H ng Act wit6in 3 day~ irom the dste fiereoi ~ (written statetnent of aRy o~cer of the F~d~eral Housing Admin~tion or authorized agent of the Federdl Honsing Commiasioner dated su6seqnent to the fora~a time irnm the date of this ; ' mortgage, declining to inaure aaid note and thia mortgag~, being deemed concluaive proof oi such in ~ ~ eligibility), the mortgs~ee or the holder oi the nete may, at ita option, declsre all suma secured hereby inamediately ~ue~and p~yable. - 10. That (a) in the event oi sny b~ea~ch oi thia nartg~e or default on the part oi the mortgs~or, or - (b) in the event that aqy of asid sua~a.oi money herein referred to be not pmmptly and fuUy pai~ with- out denW?nd or notioe. or (c) in the event that ench snd every the stipulations, aQreementa, oonditions. ~ and covenants of said note and t61a mort~a~e, sre aot d~r. prom~ ,~nd fully perfor~d; then in either or any such evenk the saida~r~ te aum mentioae~ in said n~e then remaining unpnid, with iut~r~ aoc~ed to that t~ne, snd ~11 aaoneya aecured hereby, ahall beooa~e due snd psyable forthwith. ~ or theresfter, at the option o! eaid mort~~t~ce, as inUy and oo~pletely as ii aU of the said aums of money wer~e orginsil~? stipulst,ai to be paid on auch day, anyth'u~g in said note or in tt~is mortgag~e to the con . notwithstandmg; and t«hereupon or there~fter, at the op~ion oi said mort~agee, without notioe or demai~ ~ auit st l~w or in equity, may be proeecuted as if aU moneys secw~ed hereby had mshu~ed prior to its insti- ~ tution. The mortgsg~ee msy iorecloee t6ia mo as to the aaaount so declsred due andp~ysbl~ and f ' the asid premises shall be aold to sstiafy snd pa~axme tog~ether with costs. eupenses. and sllowances. ; In case oi partisl forecbsur8 oi this mort~e, the mortgag~ed pre~niaea ahall be sold aubject to the con- r ~ tinuiug lien oi this nwrtgs~e for the amount oi the debt not then dne and unp~xid. In auch case tt?e pro- - visio~s of this ParaQruPh msY s~s~n be ~vailed of thereatter from time to time by the mortgagee. : 11. Thst the mortgsgor wiU ~ivoe innn~edi~tte notice by msil to the mortg~gee oi any conveyanc~ ~ tranafer, or chang~e of ownerahip oi the premiaes~ • - ~ 12 Tl~t no waiver oi ~u~y coveasnt heraia or oi the obii~ation aecured hereby sha11 at sny time ~ tha+extter be heW to be a waiver oi the terma hereot or oi the note secured h , ~ 80. 479. ~ - - . _ . ~=_~~r~~_r_.~.~ _ . . . ~ _ ti.r.i.'W.'S-~+'v.r. -rl 'wK'... . ~ Y'~x.....~..._S "~iai~"~if.