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Home My WebLink About2387 ' • - ' . ' r ~ • ~ ~ hs ~mea ~ Mort~or,shaU b the Mott~~es aq~ saount neoeM~s~ ~o mske up t,hs deHci~aa~. 3ucd b~ mad~ ~nt~hiu ~(30) d~ dtee wnum siotios trom the ~~~~`~~ie4_stat,in~ tl~s amou4t ot ths de~ wLieh not~os my bs ~i~en b~ ma~l. Ii at tims t6e bioef~~ r?W tender to the Mortg~ges in ~ anos with the~pro~i~wtu ot t6e no~e ~ec~bee~eb~, tnll p~,~?meat ot t~hs eaW~s indebtedne~s re~x~seated tharsbj. ths M vull~ in oumputia6 the ~~mouat ot wo6 iadebtednas, credit ~o the ~ooouat ot the ~ M~r~a~ aq~ ~batancs ~ma~n~~ undee the pf+o~ioAa oi (a) ot aidpar~g~ap6 4. Ii t6ers ~h~U bs • dsi~ult und~ aqy ot ths ~o~isions~ oi t~6is a4ortgage resui ia ~ puWia ale ot tLe premi~a oovered bereby ar it t6e Mortgagee acqwres t6e p~opeKj otherw~s att~er de~auli. the Martgagee shatl.~, a~ t~44e time of the oommenoemen0 ot wch ps~ooeediags or a~ the Rime t~he prupetty iu othetw»e~q ~ t6e ~moun~ then nm~ining to cndit oi Mor~a~r aader oi pan~gcaph $ pr+xediaR as a credi~ on We inLerat a~ocrued ~nd unPaid an~ the balanoe ~o t6e pr~ucipal tLen rem~iain~g unpaid on ea~d nots. 4. He will pq aD ta~oes, a~esm~enb, watee nter. ~ad ok6~e W ae mudaiP~1 ehae~. Bae~. oe ~ nd ths ~S will p~enmptbr d~ei~~~ae~o&aial reoeipts ~o~ to tb Mat a. He wiD permit, oommit, a wRae no w~sLe. impaira~~d~erioratioo at avd pe~opee~ a tl~se~eot ~ eoooepR raa~ooabie weas aad teat• and ia !6s e~+ent ot tbe at t6s Moirt~or to l~eep tbe bu~ oa ~ piemi.e. ~nd tho.e to bs ereete~ on ~aid pe~ises. e~ impe~ov~meats thereon~ in sood repatr t6s Mot~aes a~r , a~1oe ~uoh repaiis ~ in its di~ion it myr deem neoe~eary io~ t6e pe+oper pe~e~ervstion tLe~eo~ and ths.tuli ~nouaq~ ai a~elt ~nd ere:y w~eL p~yment sball bs dus and p11~ ~1Y~ atter dem~nd~ aa~ ~l.bs ~eo~ued.6v',, ~ tbs lka of t6is moet~s. ' a $e ~ P~U? ~ ~ 01~~ ~Pd~, ~ t+e~ooabie I~wyee~~ f~ e~s. and oo~t~ ~ s + at abstr~rota cf tit~s, inaurred o~ p~d at aqy ti~oe by at~es beoa~~e of t6s failure on tbs part of the Mo~t~oe ~ promgt~j? and~u~r to p~fwm the a~ee~naab aad ~v~eo~anb ot asid pro~nisoey note aad this and ~id :~q~ ~ ~ ao~b, dise~e~, and e~peose~ ~11 bs iaom~edlsteb? dqe aad pyabis and ~haU be eeaured by tbe lieaa~i~mott~~~ ? ~ T.. He w~l oontianou~ maintain hwrd i~uranos, ot au~ t~ps or~pes aad sasouab as M&tg~g4e ~ 4am t~ms to tims requirs, on tLe impe+o~emsats now ae bee+eatter on aaid - and ~ospt w?Len pwmea0 loa a11 a~ch preminms La~ ~ee+st~o~ors been mads nnder of paragra~h ~ Leseoi will py promp wLen dosaq~ p~rsmiwms tbere[or. AII iawr~noe ~6all bs ~ ia oomPaa~es aPPi'o~ea b' M ~ges and ~ . ai~e~ and reae~wals thereoi ~hsIl bs Leld b~ Mortgagee and ha~e attacbed tLarstio b~s payabl~igclauses in ia~or~at aad in form aooeptabls to tbs M Ia s~ent al' bar bs will gi?~e immediat~e nutioe b~ mail to Mortgages, aad M~ry~~s ms~ malce prooi~~~ if n~t msds promPt~ b~ Mortga~or~ aad each innranos oompa~ ~ ooneeruiis-he~i+eb authori:ed and direeted to m~lc~s pq?ment far anch br~~ to M instead at - to Martgag~ur and ~ortg~ges jan~, and tbe inauanos p~moeeds, or st~ par0 tbei+eof ma~ be a~ by 1liart- at ib optioa either to tbe uction of tLe indebiedness Lereb~ se~nd or to t~s restor~twn at repair at ' ~propert, dama~ed. In even~ oi forec3owrs oi tbis ~a~, or otber transter of title to tLe mortg~ged p~+op~j m t oi tLe indebtednees secured b~ereb~; all ri~t~ title, and iatsrat oi tbe Mortgsgoe . in and fo aq7 imusanos pali~aes t6sn ia fo~oe eball pa~s to tLs pan~ee ae giaates. ' 8. He will not esecute or fiie of reoord any insfrumen~ wLic6 imposes a restriction upon tbe sale or oocu- p~Y P~P~Y described Lereia on ~he basis oi raoe, oolor, or creed. - 9: It~t~e remises, or sny part the~eof, be condeanned under tha po~ver of emineat domain, ~ aoquired ' ~•for a publia u~, the d awiu~ded, t6e proceeda for the of~ or tLe considerution for snch soqniei- h tion, t0 EDt ~ztaat of th~ srnoun~ of the remaining unpaid~ebtednees eecured by tLia mort~a~e~ are • ~ Nereby ueeigned;tp the Mortgagee, snd 6ie Leirs or aes~gna, snd ahall be paid fort6~vith to esid M~-t~g~e or Lis ~ee to be applied on aooount of the l~et mat~uring installments of such indebtnee4• pmvided,bow- eve~,~t~?e~ o~rtgagee or his aesignee, may s~ hia diacretion psy direct to the Mortgsg~r, his ~eirs or aoaigios '!qy PBtt or all;pfsuch s~vard; provided, that if t6e loan is gwranteed or insured, the oonsent of the guaran- tor or inaurec ia obt~ined in ad~aaoe of said ymen~. ~ ld' TLe Mo'rtgagee mny. sL any f~me ~'m~g i suit upoa tWs mo aPP1Y,to fbs oourt h~ving ju=isdia ~ tioa tbereof for the ap intmmt of a reoeiver, and such oourt ~6all fo~tb a~pomt a reaiver ot the premisd ; oovered hereby all ~iingular, includin~ a11 and singular !he iaoome, P~rofit~. msnes, and rs~eauea from what= ever souroe denved, each and every dw~h~ i~~ espresdy understood is h~neby mortgsged as ii specificaUy M set forth and d~xibed in LLe graating aad h~bendum clawes Lereoi. ~uch ~ppointmeat ~LaU be made by i such oour! as an admi~ted equity ~ad a matt~ec oi abolute right ~o said Mortg~g~ee, and witLoui reteranca to ' the adeqway or inadequaey oi the value of tbe prop~ty , tgag~ or to the solvency or insolveac~ ot said Motga~ or tLe defend~nts. Such renta pmfits, inoome, ~es~~~e~ aad rsvenues ~6sU bs applied by such reoeiver " aeoo~rd -'mg to tbe liea of tLis aarig~ge an~ tLe practiee of wch oourt. In tLe ev~t ot any default on the part ' oi the Mortgagor hereunder, the Mortgagor aRr~ees to p~y to the M on demand ~s a reasonable montWv te re~atal for tLe pcemises an amow?t~at least equiv~lent to oas-tiweUth s) oi th~e of the tiwdv4 monthlj? ~ iast,allments pi?yable in the tben curre.nt year plus tLe act.wl ~moun~ of t6e ann t~ues, aseee~ments, water rates, aad insuranoe premiums for such year not eovered by ths storesaid montLly payments. 11. In tLe event of any breach oi tb» mortgag~e o~ default on ths part of tbe Mortgagor, or in tbe event ~ that aay oi esid sums oi m~on~ey Lerein refen+ed t~o be not prompdy oonditio s~ to tLe tenor Lereof o~ in t,he eveat tLat each and eoery tbe stipulation~, ag~eement~s, aad oove~ants oi said note an~ i~e ; t6is ~~g~e, are not duly, P~PVY. ~1y Pe~tormed or d tbe Mortgag~or be adjudicated baakrupt or ~ made~dlefendaut in ~ banl~ruptay or reoeiverehip ~ooeedin~s~ tben in aitLer or aay such event, the said aggn- ~ gate sum ment~ed in aaid not~e tbe~n~nam~ng unpa~d, w~th mt~ a~~d t~ ~t tame, and ~ll moaey ' secured hereby a6all beoua4e due and payable forthrntL, or thuedt~, ~t the optioa oi said Mor~a~ ~ as tuU~ aad comp~etely as ii all tLe ~aid sum~ oi money'were ~i~nall7 sd ulated to be paid oa -sueh dsy. aa~ ~ a~ ~ip ~aid nots or m t~s m~t~ag~e to ths ooa~ mtwit~d~g; thereupon or thee+eJkr. at the optioa oi saxl Mo , ~ritlwut noteos or demaad, s~ut at law or ia equity, muy be p~+oeecuted as if aU ~rionevs • : : ~ecured hereb~ y~d matured prior to its institution. 1be Mortgag~ee~ msy i~recbse tLis mortg~g~, as to tbe amouat so decl~e+ed due aa~ p~yabls, aad tbs said pnmues a6all-be ~d to satafy aad pa~ the s~me together with oosts ezpenses, and allowance~. In ea~e oi partial iwbclosure ot this mortgage, the awrtgaged premius ~Lall be ao~d subject b the eo~ntianins liea oi t~Li~ mortga$s for t~hs amouat of t6e deb6 aot t~hea due and unpuid ~ Ia -sach ca~e tbs pe+oviaons oi tbis paragraph may a6aia bs a~n'led of thereatter irom time to time by the ~ 1« ~ No w~iver oi an~ eo~auat 1~ereia ee ot tbe obligation secured b~ereby shall at any time there~it~er bs Leld to be ~ waiver oi tbs t~ms Lee+eof or oi tbe nota ~ecured h~+eby. 13. Tbs liea oi t~his instr~menti ~all remaia in full iuros and ~ect during ~ny post,ponement or extensian ~ at tLe time ot payment oi t,Le indebt~edne~s or m~ part tLae+eot ~ecured hereby. 14. Th» mo~a~e n~ givea ~o ~ec~u+e tbe P~!b ~7, or s pait tLemeoi, oi tLe land~ henin de~cribed aad i~ esecuted a~nd deli~ered ooatempor~neou~ly with ths deed t~e~or. t b. It tLe M~ default ia an~ oi the co~ea~ats or a~+eements cont~ained berein, ae in wid nots, th~ tbs Moctgsgee ma~ per[orm the ~ams, aad ~D espenditue+es~including rea+ansble attorney's fees) tnade by the M m~o ~haU dnw inta+est at ths r~ts pe+u ' tor ia tbe principal ituiebtedneis. ~od s6~U be rt~~ee ~~h rspaa y~We tbisty (30) aa~s Jter demand, aad, tog~etber witL iat~ee+est and oosts aocrued tLee+eon, ~haU be ~ecured : b~ t~a mor~gag~s. ~ 18. Upon tbs request d~e M ages tbe Mort;a~oe d~aU exeeut~s and ddi~ee a wppiem~ntal note or ~ ao~es tor tbs waa ae wnr ad~anaed b~j ti~s Mortgy~es ior ths alteration, improvwaeat, main- - ~ teosnos, or repair oi said prsmues, tar taxe~ or arermeats against t6s ~sa~e and fa~ an~ otber purpo~e wt~wr- i:ed Lee+sundee. S~id nots o~ not~es ~LaU bs ~eeured Lerobi on • pant with and a~ iully as it tl~e ad~~nos j e~ideo~osd thersb~ wers indnded in tbs nots 6rat de~abed abo~e. ~supple~ent~t no .~q~q bease~ ~ ! ~OVK ~c)J ~ ~ _ i__ - -