HomeMy WebLinkAbout1401 - - . . _ . - _ . . . . . ~ .r
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• ~ ~nonat n~oersr~ ~o make np tLs defl~eaa~~38uah t~LdR'~ i
or~aCor ~6all to ~he Moeti~ ~R1
be ma~de witbin t~j (SO) d~ at~ar wntt~en notio's b+om t~i?e MM~ss seati~ tl~e~aaount ot e de8ckn~ ~
which not~os my bs ~heu b~ m~l. It a~u~ Lime t~6e Mo~tg~oe~~ ~i?all tender ~o tbs l~dortsa~ee in ~oooed= ;
snos with t~s~pro~aoa~ aI the note ~eonred Lerebj~ fuU pa~rma~~ ot ths eatie~e adebtedae~a repraknted ~
thersb~. ths M ~a~ a?all~ in o~mputu~ the smount ot woh Iadebtedaer. aredit ~o the soo~unt oi the 1
Mor~a~or aq~ ae~i` balance n~~ undee t6e pro~sioas ot d~aid h 4. It tbers shaU be •
def~uIt undee aq~ ot thep~o~i~ions~~t,his mortg~e resultu'
~in ~ publio ale oi e preaniia oo~ered hereby i
a~ if t6e Mortg~ges ~cquires the propeeRj o~heew~ss attee de~~ult~ the Mor~~es ~haU ap . at We tims o~ ~
ths oommeaamenL ot such prooeedi~g~ or a0 the time t6e property is ot~erwLS a~hoq~he ~mouat t,~ea
un ~~aa~
the~bala~os ~o tbe rinci ~ thsa~t ~~un 'dp~
on s~i~'id no ce+edit on We interat a~ocrued and }
P~ P Pv ~ Py ;
4. He wW pwr aD ta~oer, are~end. watee ~ a~d o~6ee~o~~amen
Ll a mudoiPal ehar~e~ ti~, as :
imPait~an~, toe wbia~ pe+o~Lion Las oot beea m~ds Lereiabetaee, aod in deiault l~ereot;Ls Mocti~'es myr pU? tbe ~
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w~io~ so~t ras~ ~e wtii ~v~u~y uoii~v~ we wu~awi ivooi~ w~o~wu~ w ws i+aun~6v. ~
b? He'wiD pe:mil. oommit, ae w~ae ao w~s, impatimea a~ocatloa ot ~aid propeef,~ a~ tbel~eot ~
a
eoooept re~sooabls wear ~nd tess• and in t6s enent ot tbs ot t6s ~do~o~ to keep t,Ls bni~' on pi~
~ peemiee~ aad tbors to bs erecte~ an ~aW pe~emiie~ ae ianpro~re~b tha+eoo, ~a-~ood rep~ie 6s ~Mo~rta,a~,ee my
maloe euc6 rapairs a~ in ib d~ion it mwr deean neoeeear~ iae th~ep~pee pe+e~ervstion thereo~ aa tbs f~ill amouat =
~I ea~o~ .n~a ere~? s~h p~rm~t .b.n bs ans .na p.,~abk +~is~s t~0) a.~r. atte~ aem.aa, .t~l• bs .eourea 6p? . .
~ tbs lba of tbis mat~e. . . . . ~ , - .
a 8e wIII pqr ~ll and insnLr t6s aoed. and eo~peaser„ iadudi~ re~eooabls hwye~'i iee~ aad oosEs~ •
at ~ af titk, ino~ured a: pa~ a! ~r ~ime
~~ost~es beaa~s ot t!b G~ilurs ~ the par? oi tbe M ~
~ p~~ompt~p aad yo perto~nn t6s a~eements and oareosat~ af e~id pe~omieeoe~ note and th~ , a~~ :
oosb, dursa. ~eacpeoees ~haIl bs ianno~edL~r dus and p~ysbb and ehnD bs eeoured b~r ths l~enn~~~~~i ` a ;
~ 7. 8e wiIl oo~fi~ntan~ m~intdn Lasard i~u~nos, c~ snch 4Ps ar f~pe~ and amounts ~s Mortgages ma7
$+om time to ~s reqnirs, on tbs impso~emaats now oe L~ee+eaiter on nid and escsp! when pqmeat
ta~ aIl snch pmeoniums Las tLe~rstAiare beea mads nndee (a oi paragraFh Z Lee+eoi will pq~ p~omp~y when
' - dnsaq~ prsmin~ ~or. All i~uranoe aball bs ~ in oompanties approve~ b~ M aad tbe po~
e~es and raaawam th~raof ~hall ba L~b~Martgages sad b~?ge stt~ed the~aLo 1o+~s pa~rabA~la e~ ia fgvar t~f
and in form aooeptab3s to tbs M~'g
a~es. Ia e~ent a~ lors Le will give immedists notios b~ mail to lrtorrgageq~
•ad M ,ma~ malrs,p~+oota
oi loes ii no~ mads promptl~r b~ Mortgs$o~r~ and e~ch insuranos oompao~
oonoeraed n ~?uth~or~sed and direated to mak~s pqmen0 io~ snch bes direct~j to Martga~es imt~ead of
to Mo~gagor and ortgage~t~e t~j, and. the i~enraaos p~rooeeds, or aq~ past tbere~f my be apFlied by I?iort~ ~
ati its option eif~ to redticti~on o~ tLe iadebtedneee Ler~ secured at to t~s restorat~on or repair of
s
~prope~ dama~d. In eveat oi fo~reclosurs o~ t~his mo o~ otLer tramt~ oi tit3e to tbe ~ga~ed
p~+opsrt,~ in t of the indebtednees sewu+ed Lan~ titk, aad int~erest oi tLs Mortga~or •
~a an~d to u~ insunnos po~es tLsn in foros du?ll psss to tbs puroLase~r ae grantes.
8. He will ao~ e~cecute or Sle of reoord an~ ~ent which imposes a reatricLioa upoa t6e sale or oocu- I
pancy of the p~oPerlY des~xibed hereia on t~he basis oi ra~oe, oolar. or creed. '
z= 9. If the premises, or any part thereof, be condemned under the power of eminent domain, ~ soquired
~ for s,public ~u~ the d a~vseded, the proceeds for t6e~~ oi, or the oonaiderataon for such soqwsi-
~ tidn,~to~ tby_ ~at of th~ amaunt of the remaining unpu'd iadebtednees secured by t~Lia mor~a~
, are
~iereby aes~gne~ to the Mortgsgee, ~?nd his heire or aesigns, and ahall be paid forth~viLh to ssid M~-
g~
or his ~ee:~b:be sp~lied on axount of tha l~st msturing instalimentsof such indebtneea•pmvided,~oR
evet;.Lhe ortgagee or his sssignee~ msy st hia d~scretion psy directi to the Mortgsgor, Lis ~eirs or aesigns
'~sny part or ~1_ of auch swsrd; proqi~ed, th~?t if the losn is guaraateed or insured, t~he oonseat oi the guaran-
'•t,or~or i~avter ~s obtained in;ad~snce of saidpsymea~.
' 10. •Tfie Mortgagee msy, at any hme peading s sui~ ap~ this ~PPi7 to fhe oourt h~ving juriscii~-
t~n tbereof for t6e appointment of a reoeiver, and such oourt ~hall
fn~ii ~~pom0 ~ reoeiver ot the premises
covered hereby aU and angular, including all and aingular t6e iaooms, Pro6b. bsues, and reveaues from whst• .
sver souroe denved, each and every oi~r~c~, it espressly andeistood is LerebTnartgaged ss if specificaily
set forth aad d~'bed ia the granting aad b~um cLwes Lereof. ~uch appointaaeat ~hall be made by
'such court ~s an admitted equity and s maLter oi absolute right to said Mortgages, and without reiarenoe to
the adequscy or inadequacy of the val~e of tbe property mortgaged or ~o the sol~~ or insolveacy oi said
Mortga~ r or tLe defendants. 3uch r~ta, profita, inoome, iosues, and rs~~ues shall bs appGed by such reoeiver '
a~ooor~ -'mg~ to the 4en oi this mortgage swd the practice oi sueh oourti. Ia ths ev~` ot aay defaalt oa the part
of the Mortgyr,o~ hereunder. tLe Mortg~gor a~rees to psy to the Mo oa demand as a reasonable monthiv
re~?tsl for the pnmises an amounti-at leagi equivalent to one-t~velith of tLea~s
te of tLe twelv4 montLty
: inatallments payable in tbe thea cun~ent year plus ths actual amount oi tbe ~nnual tase~, aese~emeats, water
ntea, aad insunaoe premiums for such year ~t oovered by the aforesaid montbll P~Y~~
~ 11. In the e~~t oi any breach of this mortgagei or defaul~ on t~he part of the Mortg:gor, or in the e~en~
t~hat aay of ssid sums oi money herein refcrred to be n~o~ promptly and fully paid aoourding to tLe tenor Lereoi .
or ia tLe eveat t~?t esch and ev the stipulations, ~greements oonditioiu aad oo~enmb of aaid aote an~
t6is mo~~g~ ~ are not duly, prom
dy~ and fWly performed or i~ the Mortgagor be adjudicated baakrupt or
: ~ made defendant in a banlavptcy or reoei~erehi~ proceedings; then in eitLer or any auch event, the said aggn-
gate aum mentioned in said note thea unpaid, vnth interest accrued to th~t time, aad all money
eeeured hez~eby s~hall beoome due md pay~orthwith, or t~e~fter, ~?t t~e option of said Mortgag~e,~s
fully md oomp~etcly as if all fLe asid sums oi money'were originally stipulated to be psid on suc6 dsp~ an~
t~ag in said note or m t~s mor~age to the con4~a~ notwithstaading; aad ~reupoa or t6er~iter, ~L the option
~ oi said Mo . without not~oe or dem~nd, awt at law or in eqwty~ may ba prosecuted ~s if all nionevs
secured henb~
y~d matured prior to its institution. The M~g~g~e may i~lose t~h~ mortgag~e, as to t#~e
amoun~ so declared due aad payable, and the ssid premises shall~be sOld to sat~dy and pa~ the same tog~ether
with oosts espens~, aad aIIowanues. In caee of partid farecloeure of this mortgag~e, tbe mortgaged premves
; ahall be so~d subject to the oont5auing lien oi this mortga~e for the amount ot the debt not theu due ~nd unp~id.
In ~auch case the p~+ovisioas oi th~ pasagnph may agazn be a~a~ed oi tbereafter fi+om tiiae to tiau by t6e
~ ~ ~
1~
2~N wsi~er ot aa~ eo~eoaati henin or oi the obligst~oa ~ec~u+ed heraby ah~ll a~ m~ ~ime tbere~fter bs
held to be ~ waiver of tbe term~ bez+eoi ~ oi the note ~ecm+ed Lereby. •
13. The li~ of this imtrumedt sLall remain in fuII ioroe ~nd effect during aa~ postponement or extension
- oi tbe time of paymea6 oi tbe indebtednees or any p~rt thereoi secured hereby. .
~ 14. 1Lii u~o is gi~ea to ~ecurs tbe purcbase money, or a part thereoi~ oi tLe laads henin described
aad is esecuted ~eli~ered oontemporaneousiJ with tLe deed the~+ef~.
1 b. If tbe Mortgagnr def~nlt ia any ot tl~e ooveaaata or agneem~ts oontained he~eia, or in s~id note, thea
the Mortgagee may perforza tLe wne, aad all e:peaditures_ ~mcluding reasouable attonu~'s fea) made b~ the
' Mo~t~a~ee ~n so dom' gahall dr~w intaest at the r~te prooided tor in tbe principal indebtedne~s, and shall be
~ ~ repaya~bls tbirt~ (30) da~s dter demand, and~ together witb iaterest al~d eosts a~oceued thereot~, shaU be secured
' b~ tbis mortgage.
° 18. Upon the requesL of tbe Mrt~~ tLs Mortgagor duIl ez~ecuts and deliver ~ snppkmen4l note or
~ notes foe tbe amn oe wms ad~~aoed
b~
J t6e Mortgag~es for We alt,e~ration, modernisaGioo, impru~ement, main-
~ + ~ t~a~s, or ra~ oi said prea~isea, ia~ tazea or a~sme~nta agaias~ ths aaas aad i~ aa~ other purpae autlar-
: i:ed he~+ennder. Said note or notes eLall be secured La+eby oa a pant with a~d u fnlly as if. t~Le
La_d,'~aaoe
e~i~d~oed thereb~ we~s iaolnded ia tbe note Rnt de~xibed abo~s. ~inpplemeatal no~ g~ no{~Y7 beat
t ~ ~r~ . Yi
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