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Home My WebLink About2281 1 Mortgicor sballp~ b Lhe Mort~~ee aq~ ~nrouat aeoeMae~ t,o make up t6e de8ci~na~. Sua6p~meu t~sll ' ba made wlt~hia t6u~jr (30) d~ atter wn~ten aotios froin t~hs Mort~a~e s~a~ ti~e saauat ot the deBc~cno~~.. which notics m~ bs ¢i~ea b~ mail. It staq~ tia~s t,he Mortga~r- s6a11 teader to t,he Mo~tgases ju aoooed- anos with t6s~ pro~is~oas oi fhe nab ~ecured hereb~, fuU p~ymeat ot ~he antira indebtedne~s repre~nt~d - ~ t6erebj~ the Mr~g~gee ~haU~ in oomputing f~he amoun~ of sucl~ indebtedrte~s, aredit ~o the aoooun~ oi the M aqy orediti b~l~bace undm~ ths pro~isions oi (a) oi,aud h 4. It t6ers edall be • ' m defs ~ under ac~ at ~he provisio~ mortgs~e naul in ~ public sale oi e pnmisa oo~eeed ~ereby : or it the Mortgagee acqwres tLe property othe~rwise att~er de?~?ult~ the Mortg~ee shall ~p , at t6e Lims o~ ; the oommeacem4at oi ~ch prooeedings or ati Lhe lime the propcrty is ot6erw~seacq~6e aanount tJut? ~ nmaining to credit oi Mortg~gor undec (a) oi paragnph ~ Precedia~t as ~ credit oa tbs iatarest aocruod and t unpaid snc~ the bslwce ~o ZEie-priacipal t~en remaining unp~id oa said ao~e. 4. 8s w~ll p~y aD ta?~oes. aeeeeemenb. wat~ee rabe~ ~ad othee~ov~amental ae muni~iP~1 cbae~a„ 8ne~, ae ' . ~P~~, for wLieb pe+ovieton ~s not beea m~s hereinb~ore. aad ia defaul! th~eot ~s Mo~t~es m~?1 pV? ~ ` ~ams; ~nd t,hst he wID pcom~r d~~rer the o~al reod~s t~tar to !hs Mozta,~es. ' b~. Hs will pe:mit~ oooomiit, a suHe: no waets, impairmea ce dete~or?tioa oE eaid pe~op~jr a ihareoi ! 00 om evooepR reasoa~ble wear and t~ear• and ia t6s evmt oE ZDs i ure ot ths Mozf~oe ~o keep the aa W~ ~ premi~es ~nd thoes to bs ea~ecta~ on ~aid pe+emises, ce improvea~eats thes~eon, in ~ood repair t6s Mo~t~abe my . at e~eh and ~ anan ip~ymeat sbalt be~dus ~ad~ ithirf,~ (30~~d~ af~demand~ an~ ~aU e~eoured 6p?~ ~ tbe Bem cf this moirt~e. - ; a Hs w3ll p~,y ~ll and dn~ular the ooets, aad e~pense~, indudin~ re~soosbk Lwye~'~ f and oab : oi abstrach ct titls, iaaon~ed or paid st ~ time t~oet~ee beoause of tbe failura cn t6s parj ot ~t6s~ort~ae , P~'o'mPW? and~y to pertorm fLe a~reementa and ouvenants ot aaid paromieso~r note aad th~ wd eaid ~ ~ oosbs, cLae~es, and e~pe~es sbaU be imm~ediste~jr due and p~yable aad eball bs secured by t6e li~a~~c~m~oct~er ~ 7. He will oontianoue~j maintaia Lasard iffiuranos~ ot snch ~jpe ort~pes sad amonnts as Morfg+~geis aw fr~m time t~o time reqnu+s, on the impro~ementa now or bsre~tter oa said ' and esaept whea p~,~ment tor all such premiums has theretoiore been made under ~(a) oi par~g~aFL Z h~ee+eof Ls will pw pe+ompt~j wheo dne aq~ premiums thenior. All iffiuranoe ahall bs carried in oomP~nus aPPI'~o~ b7 M ;ag~es aad ths po,i- i a~es,aad reaewab thereoi eLall be Ldd b~ Mortgagee and haie stt~ached t6eretio bes pyable~~~clauses in ia~or oi sad in form acoept~able to the Marl~ In event o~ bes hs will gi~e immediate notios b~ mail to Mortgages, •ad Mortg,,~ges. ma~ mate prooi o if not mads prompt~y b~ Mortgsgorj and ea~h insuraaos oompaqT ooncerned is Lereb autLori:ed snd directed to maic~e pqyment for such bes die+ec~ to Mortga~ee~ tead o# to Mortgagor aad ~ostgagee jointl,, and the insuranoe pmoeed0. a' aq~ Part thee+e~ mU bs ap I? by I?ioarw ~~gee sti it~ option e~ther to t~be nductioa ot the indebtednees hereb~ eecw~ed or to t~s restoraf~oa or repair o~. tLe property dsma~ed. In even0 oi foreclasnre oi Lhis mo~~, or otLe~r ~er of tit3e to ths ~rtgagal pz+opertRy in e~tingmehment of the indebtednees secured Lersby- ; all righL, title, and intee+esti oi tbe Mortga$oe in aad tu aq7 insurmos poli~ies then in foroe eLall pass to t~ purcbaser ar geant~es. 8. He ~vill not ezecute or file of ncord sny instrnment which impoees a sestriction upoa tbe aale or oocu- pancy of the property described herein on t~he basis of raee, o~lar, or creed. 9. If the premises, or any part thereof~ be oondeanned undec the power ot eminent domain, or aoquired for a publia use, the d es awarded, the proceeda for t6e t,a~i~ng of, or the oonaide~st~ion for such aoquoei- tian; to die~eztent of ~~iill amoun~ of the remaining unpsid indebtednees secured by tbis mor~ga~ge, are .hereby assigned to Lhe Mortgagee, snd his heira or ass+igns, snd shall be paid forth~vit6 to s:id Mo -~ee .'o= h~s asaignee ~ be spplied on aooonn~ of the last maturing inatallments of auch indebtnees• provided~ ow- • ever, the Mar ee or his aasignee, may at his dis~xetioa pay direct to the Mortgag~or, Lia ~e+rs or aesigns say part or all~euch swsrd; provided, that-if Lhe losn is guaiaat~eed or insnred, t~he consent of t6e guaran- ; tor or.~naure~ is o~tained in sdvance of said ymea~. ure ' 10. The Mortgagee m~y, at ~ay tims ~en a sniti upoa this nw ~PPi7,to t~he oour~ luving juriscli~- f ~tb ppant ~ reoeiver of the pnennises w hon thereof for t6e appointment o a reoeiver, and sueh oourt a6all fo wi a o~vered hereby all and siLgnlsr~ inctudia.~ all and sing~ilu the inoome, pront~, nsues, and re~enues irom whst- ever souroe denved, each md avery oi whicb it be'~g expreesty uade~stood is hereb~ mortg~ged as it specifically set forth and deacxibed ia the grsnting sn~ h~abeadum clauses bereof. ~uch appointment shall be made by auch ouurt ~s aa adnnitted equity and a matter oi abe~lute right to said Mortgagee, aad without referenee to the adequdcy or insdeque~cy of t6e value of the pmperty mortgaged or to the solvency or insdveacy of asid Mo tgsg r or tLe defenndants. 3uch rents profits, inoome, iesues~ aad revenues ahaU be applied by such reoeiver scco~rL -'ng~ to the liea oi tLis mortgage an~ the practioe oi auch oourt. Ia the event oi any def~ult on the part ~ of the Mortgag~or hereunder, tbe Mortgagor s~rees to psy to the Mo oa demaad as a reasonable nnonthlv rmtsl for the premises au amount-at leaat eqwvalent ta ono-twelfth oi tLea~s te of the twelve~ m~onthly installnnenta payable in the then current year plus tLe actusl amouat of the annual tates, aese~smeats, water rates, and insuraaoe premiums for such year not oovei+ed by the doresaid montbly payments. 11, Ia tLe eveat of aay breach of this mortgage or default on tbe part oi tbe Mortgag~or, or in the event ` thst aay oi said suma oi money herein referred to be not prompdy and fully paid aa~ording to the teaor Lereoi ~ or in t~e event tLat each aad every tbe atip ulatiom. agreementa oondition~, and oove~nants of said note and ' t,his mortga~, ~ are not duly, prompdy~ and fullp performed or i~ the Mortgagor be adjudicated banlcrupt or ~ made defendant in a bankrupt~y or reoeiverahip Pmoeedinp; then in either or any sucL event, the asid ~ggc+~- ~ gste aum mentioned in said note thenremun~ng unpaid, witL interest aocrued to tbat time and ~Il money ~ secured henby s6all beoome dne and payable fortLwitb, or thendter, at the op~ioa oi sai~ 11iortgage~~ as E fully and comp~etely as ii all the said sums oi money were originally stipnlated ~o be paid on such dap~ aa~ ~ tbing in said note or m this mort~age to tbe ooatrar~ notwitbstaadiag; and thereupon or thereafter. at tLe option ~ , of said Mortgag~e,~rithou~ not~oe or demsad. swt at 1~?w or in equity, ma be pz~oeecuted ~s if all ~oaevs s secured henby~i?d matured prior to its institution. The Mo~g~g~e may ~r~ose-~S mortgage~ as to tbe amownt eo declared due and paysble, and the said pnanises shall-be sold t~+ asti~y and pay tbe asme together ~vitb oosts ezpenses. and allowancee. In caee oi pa~ial foreclosure oi t~s mortgag~e, tt~e mort prcmises ahaU be so~d subject to.the eontinuing lien of this mortga~e for the amount oi tLe debt not tbea ue and unpaid. ~ In such case t~e prov~ons oi this puagraph may aga~a be ava~ed ot thenafter from tima to time b~ the 1r 2 No waiver oi any oo~eaant herein or of the obligation secnred henby ah~ll at any t~itme there~iter bs t held to be ~ waiver of the terme bereof or oi tbe note securad haeby. 13. 1'he liea of this instrumeat ahaIl remain in fuIl foroe and effect during aay poatponerne~t or extension : oi tbe tirae oi psyment ot the indebtednees or any part t6ereof secured Lenby. ~ 14. This mo~tg~ge~ is given to secure the purchaee money, or a part t6ereof, of the lands henin described ; aad is executed aad delivered ountemponuieously with the deed thentor. 15. If the Mortgagor daf~ult in aay of the ouveaaats or agibemeab ao~t~ined oe in ~aid note, the4 _ t,be Mortgageei ma~ perform ehe same, and dl espenditures ~mcludin6 reasonable attornz~'a fas) made by t6e Mo~~g~ in so do~' ~hall dnw inta~est at the nte provi ed foc in the principal indebtedner, and shaU be ; npayi~ble tbirty (30) days after de~naad~ u~d, togetbe~r wit6 interest aod oq~ts aecr~od t~reon. sLall baeecuted ~ this mo g ~ 16. Upon the request ot tbe M~~g~s tbs Mortgag~or sbaD e:oeuts and deli~ee a snpplemental note oe~ ~ aota for tbe sum or wms ad~anoed 6a y tTi~ Mortg~ee tor tl~e siteea~ioo, modeeniution, unpru~ement, atain- tenanoe~ or npair ot s~id premi~e~, for taus or ~nts against tLe ~r and for an~ othe~ purpo~s sutlwr- ~ ised L~+eunder. 3~id note oz notes ahaA bs aeeue+ed b~i witk and ~s faUy a ii the ~d~aaos ~ ' eridez~osd tberebJr wero induded in ths note Snt daaibd ~wppl~meat~l no aot,es ahali bear ~i~ .82 ~27. ~ - - -