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Home My WebLink About2014 ~ . . i{~ " ~ .~tr ~ ~ i . , Mi a~d inwsanoe prmniunu. s~ the ca~e mqr wch eo~oe~s shaU be ct~edited b~ thehmorte~e~Oe;~~` s• •r pqme~b to b~ nu~3e b~ tbe mo~rt~r.~. howev~er. th~ moathb P~yman a~d b~ mo~t~~ r ~r (b) ad para~sapl? S Prsoedin~ sball not b~ wmcient to py~ ~ound reats. t~tes and ~sesameab ~ antl intoranos~premt ~s the caM m~ b0. ~?hea the ssa~e a6a11 beoane dns and pa~y~ble~ then the .~t ~ 1~r ~ any amount neoee~air~ to make np the detkieucy. on or t~ors the ; date wh~an p~ymeat oi wch~i~ea~ts„ t~ce~. aadeesme~nts. or insuranoe pr~n~ums s~ll be due. If ; CO at aqy time tbs mort~+~'o~ alull tender to ths mort~a~ee in aco~rdance with the proviatons oi the note ~ ~ se~vred hereby. ih11ps,yment oi the ~?tire indebtednees represented thereby. tbe mo~rtga~ee ahall, in oom- - putins th~ amount oi wch indebted.ness. ci+edit to the aooount oi the mort~a~or aU ents made under ~ the provisions ai a) os para~rapb 8 hereoi which the mort~a~ee !us not beoome oW~i~?ted t4P~y to the and sny bsbuice rennsining in the funda aocumulsted uuder the proviaions , i` oF~f (~bj oi~ssid S. It thare ahsll be a deianlt under aay of the proviaiona oi this mortQ~e re- " ~ snltin~ ia a c sak o! the premises oovered hereby or if the mortQ~ee aoquires the property ot~er- m ~s wise aiter default. the mo ehall aPP1Y. at the t~me of the canmenoement oi au~h proceedin or at th~e time ~he pro ia oth aoquired. the bslanoe then re~nsinin~t in the fnnds sccumulated under ` ~ (b) oipsra~n ~~as a credit ~sinst the ~mount oi prlncipfJ then rennainiug unpaid nnder, a~id nots d ahsll proper~y ust an~y p~ymenta wLich a6a11 hsve been made un~r (a) oi said~ puaSraph: 4. 17ut he will p~y all tazes, assessenents. water rates. and other governmental or muuiciPal charSes. ia~es ~ the~sam~e i d~thap t he~will p~ramnp~t~y deliv~th ~oi8cial ~re~i~.eiptaa t~h~e~refaor tothre mo ert,~aS~ce- 6. Tl~at he wi11 permik ooaunit, ar snSer no waste. impairment, or deteriontion oi said prnperty or I an' p~?rt t6ereof ; and in the event oi the isilnre oi the mort~~gor to teep the buildin~a on esin premises ~ and ~hose to be erected on ssid pre~ni~sea. or iniprovementit thereon. in g~o~od repAir. ttie mortSaBee ms~? n~te auch repaira as in ita discretion it m~y deem neoeesary ior the proper preservaboa t6ereof, s~nd the !nU amaunt o! esch and every auch p~?ment abaU be immediat~ dne and p~yable, snd ahaU be aecured • by the liea a~ t6is mort,~~e. ' 6` Tbat he will pqy aU and ainQular the oosta. cbar~es. and expenses, includin~ reasonable lawyer'a tees, ~nd aoats oi sbstruts oi title~ incurred or pe~id at any time by the mort~a~ee becanae oi the failure on the put o! the mortgagor pro~nptly and i ~to periorm the agreementa and oovensnta oi aaid prom• ! i~sory n~ote and tbis mo and asid oosta.~~;t~ar~e0. and eacpena~ ahaU be immediately dne and p~?- abk aud s~all be s~ed b~ uen oi this mort~e. , Z. Tlut he WiU keep the improvements now existiug or her~fter erected on the mortBaBed Pl''oP~Y. n ~nsnred aa•m~p be required iram time to time by the mo loes by l~s~e and ather hasards, - casnsltiea, snd eontangeitcies in auch amounts and for auc~ perio~s as m~y be required by nwrtgagee. and wiU p~ypro~ptiy. ~vhen du~e~ aqy premiums on such inaurance ior }~ayment oi ~rhich provisioa has m not beea made hereinbefore. All insursnce shall be carried in oo~m ea approved by mortgagee and - the policies snd renewsla thereof a6sll be held by mortgagee snd ve attached thereto loss pqyable clauses in isvor oi and in form ~woeptable to the mortaagee. In event oi loss he ~rill ~ive immediate ~ notics by msil to mortgagee, and morkg~e may mate prooi oi la~s if not made promptly by mortgagar. , and e~ch insnranee oo~np~un,y conoerued hereby suthorized and directed to make pqyment for aach ~ loss d~t+e~tly to mortg~gee inatead oi to mortgagor and mortasigee 3ointly, and the insurance praceeds. or an,y ~art tl~ereoi, m~y be apphed by mortgagee at its option either to the reduction oi t6e indebtedness i he~e6y sea~red or to the restontion or repsir oi the property damaQed. In event oi foreclosure of thia i mortgsge or other transier of title to the mortga,~ed property in entin~uiahment of the indebtedneas seaired hereby. slln~h t~ title, and inter~st of the mort~gor in and to any insuranee paliciea then in force ~aD p~ss to the p~rchaaer or ~rantee. i 8. Tbat tbe mortgag~ee may, st sny time pendin~ a.suit upon this inortgage, spply to the oourt hav ; in~ ~nrisdidion thereof for the sppoint+neat o! s reoPaver, ~nd wch e~nrt ahall iorthwit6 appoin! a reoeiver ad the premiaes oovered hereby ~D and ain~ular, inclndin~ aU and singulsr the inooane. proflts, . iasnes~ and revennes from ~vhatever aouroe derived, esch snd every of which, it being ezpreasly under- ~ stood, is herebylnortgaged as ii apecifleslly set iorth and described in the gcantiag and habeadum clausea hereof and aach receiver ahall have all the brosd and eSective functions and powera in anywise eatn~a~ed by a oourt to a reoeiver. snd anch appointment sh~tll be made by snch court as ~n adm~~t~l ~t, ~a or ~t t~ ~a ~a~s~~ee, and ~vithout referenee to t6e adequacy or ina~~ equa~cy a2 the value oi the property mortgaQed or to the solven~y or insolvency oi aaid mortgsgnr or the deieadsnts. snd tbat auch rents, pro8ts. inoome. iasnea, and revenues s1wU be applied by such reoeiver w~-. aexo~Ln~ to t6e lien oi this mort,gage and the practiee oi such oaut. In the event of any default on the part oi tbe mortgs~gor hereunder~ tt?e mortQagor a,~rees to psy to the mortBagee on dem~nd a~ a reason- ' = able mont6ly rental ior t6e~ pr~n~aes in amount st least equivslent to one-twel th of the aggregate : s o~ ths twelve monthly U~e~tsllmenta psyable in the then current year plns the actual amount of the annual ta~ces, aneeam~ts, water rstes~ ~nd iasuranoe premi~ms for snch year not covered by the afor~aid manthb? l~Ym~b. - - ' . : , ~ ~ 8. The mortgagor fwrther oovenanta that ahould thia mortgage and the note secured hereby not be ` eligible for inaurance under the National Housii?g Act within from the date ~ereof ~ (written atstement of any o~cer of the Federal Aouaing A~~~Ion or authoriz¢d ag~ent of the ` Federal Housing Commissioner ds~ted subeequeht to the 30 D~"a time fraa? the date olthia mortgage, declining to inaure said note and. thip anortg*ge, being ed-~eoncluaive proof of such in ; • eligibility). the mortgag~ee or the holder of the note ms?y. st ita option, declare sll sums secured hereby - immediately due and payable. , . • 10. T6at (a) in the event of u~y bresch oi tfiia mortgage or default on the psrt oi the mortgagor, or ` ~ (b) in the event that any oi said auma of money herein referred to be not promptly and fully paid with- ~ ont demand or notice. or (c) in the event thst each and every the atipulationa. agreea4ents, conditions. ~ snd covenanta o~ said note snd this mort~a~e, are not dul~r, prom~tly, and fully pertormed; then in F " either or sny auch evea~ the said ~tegate aum mentioned in said note then remsining unpaid, with - intereat aocrued to thst time, and sll moneys aecured hereby, shaU beoome dne und payable forthwith, ~ or thereatter, at the option oi ssid mortgagee, aa fully and campletely as ii aU of the said auma of money E ~ vvet+e orginail~r stipnlated to be psid oa such dsy. anything in asid note or in thia mortgage to the oontrary ~ notv~rithatandmg; and thereupon or theresfter. at t6e option oi said mortgagee, without notice or demand, ` awt ~t hw or in equity, may be prosecnted aa ii aU moneys secnred hereby hsd mstured prior to ita -insti- ~ tntion. The mortaa~ee may foreclo~e this aa as to the amount so declared due andpayable. and oe ' the ssid premises sh~~U be aold to ~satisfy and pay e aaale together with oosts, ~+acPenaea, and slbwanees. ~ In cas~ oi partisl forecbsure of this mort~e, the mortQagcd premises stwp be aold aubject to the con- g s' tinuin~ Gen oi this mortgu,~e !or the amount oi the debt not then due and unpsid In auch ~~ae the pro- ~ f•-~ viaio*as oi this Par~?Ph m~?Y a~sin be availed oi thereatter irom time to time by the mortQa~ee. ~ 11. That the mort~ag~or wiq give immediate not~oe by mail to the mortQag~ee o! aay oonv~eyaace, ~ tnu~aier, or chan~e oi owaenhip oi the premiaea. ~ • 12: That no waiver ot any oovenaat herein or oi the obli~stion secw~ed hereby st ~ ~ thereatter be held to be a waiver of t6e ternns hereoi or oi the note secured hereby. =_._u~. , - _ . - •