HomeMy WebLinkAbout0164 - . - - - ~ . ~ ~
~twY ~
; t~Ls deHcieoa~. Suchp~ym eati ~ll bs mads wit~Sia L6irt, (3~ d~ itter wri~ten notiod fe~om t2ie ~ortgages
su?~ tt?e ~mount oi tbe ds8oieno~, which qotioe a1a~ be.~°°a b mail. Ii ~t aq~ t~ims ~he Mortgagor ~
~h~)1 t~ender to iLe Mortgages in ~?ooord~na with the prowwns ~t~Le aote secured hersb~, iull pymenti `
; oi t~he enLira indsbtedne~s rsp~snted tbereby, ths Mortgages ~ trwtse ~h~q~ in oompufln~ `hs ~cnounti oi j
~1N
wc6 indebtedner, credi~ to Lhe ~rooount ot t~hs ~d aq~ aediti b~Lnoe uader t~hs pro~iwon~
ot d~sidpar~ge~aph • Ii thers shall bb ~ de[a~der w~ oi the pron~ion~ ot ' m~~e rewlw~g
w n
wre~
in • public sals oi t,he prenni~e~ oovered hersby, or ii the M ~oqwre~ tt~e propert~ ot~-erwise ~f ter ;
~ detault~ the Mortgages u tn~atee ~hsll ~PPiY~ ths time oi e oommeaoe~,e~n~ ot such proceedings or a6
ths time the propeety is otherwiss aoquired, the amount then reoasiaing to crbdi~ oi Mortg~gor under ot
para~rsph ~ preoedwg aa w credit on the intere~t r?ccured sad unpaid and t~he b~lanoe to tbe priacipal ~hea
, remuning unpaid on said note.
4. He will pqr a11 l~~oe~, re~mt~. watee tst~. a~d ot6ee~o~ae~me~tal ae muatdPd e6ar~a, ~ae~. ~
a~
a~
nd bs will
p~coanpt~r
d~eih~ee~o~l reoeipts tLei~e[c~~r
to~lhs M~~~«~~ ~
Ji. Hs wtll pernni~, oommil, o~ w~![e~ ao wa~e. impatrmea~ ce def~ecior~iioa ot raid pe~p~~j? oea~? the~eot ~
• emosp0 re~onabk we~r snd t~s• atid in ths e~eat ot tLs urs ot t6e Mort~or to teep tas bnild~i on n?i~ ~
preani~e~ ~nd tbose to be ereaf~e~ an ~aid premi~e~, ae improrernenh Wereou, ia sood repair t6s Mo~t~ee my
m~aoe.~oh rep.i~... in its di~iOa It mw? aeem aeoeM.:y toe we_pe~oper p~+e~rvat~on t,hereo~ .na the inu amouat
af a?oh and eveqr woh p~yment rLaU bs dus and pqrabk thief~ (av) d~n dt~ae demaal, ~~haU bs ~red b~r
~ t~ 1bn ct t6i~ mo~t~~e.
~ ' a xe .~m .n ,aa s~ ,~a ~ ~ ~.~r. rea. ~a ~.a
' at.bd~noh of atk, ina~n~ed os p.w at:n~? tims
by`~~«t~es beo.uee of t6s cailurs on tbe p~et ot t,bs Mort~or
' ~ penmptl,r ~nd fi~ to pedarm tbs ~reemenh and ooveosnt~ ot a~id promieeoq aot~ ~nd thi~ wrt~e sod Mid
~ ~~r+b ~si'i'~, ~ad eo~pea~e~ ~6a11 bs imm~ediaf~e~y dus wd p~,yabls and ~all bs ~ued by tbe lt~~ of tbis ~mort;,~~e.
E" ,
. 7. Hs w?Iil o~tiaaot~ maintdn ~ard ~ vt wob? t~~ps os t~pes and amouab as Mort6ag~ss mn7
er ~an~e~
; ~from tims to tt~ams requirs, on fbs imp~o~emsnb now or bee+eatt~ee on aud ~nd e:ospZ when pyment
4 , tae all s~cL prsmiums bas ~to~ars beea made n~r oi pan~a~h s Le~oi Ls ~ill p~ proa~p w~en
~ dus pe~m~nnr tLeretor. AU insuranos ~hall bs ~ in comPsnus aPP~+o~e~ b~ M snd ~ po1~-
+ ~ia and renewaL thereof ~Lall bs bdd b~ Mortg~ges and h~~s sttached tL~rato 1o~s pyablrti~ ia fa~or oi
; and ia iorm aoosptab3s to tbs M ~ages. In even! oi lo~s Ls will gi~e immediate aotios b~ mail to Mortgag~es,
! and Mo~rt~ae _nuy mats prooii c~i Ioo~ ~i a~ot mad~s p~mpt~ b~ Mortg~or, and each iasunaos oompaq~ -i
~ oonosrn~ed is bersb wtbor~sd aad directed to maks pqmei ior aich 10~~ durect~,~ t~o M in~tead ot
t~o Morf;a~or and ~o~cfgag~s~ 3o3n ,~ad tbs inwranos prooeed~, ar an, par~ t~sreoi mw bs ap ' by 1liostr '
; ~?t its option either to ~6S ~uatioa ot ths indebtednas L~b~ ~sonred or to t~s re~torutwn ar repair of .
; ~P~P~41 In svent at fo~rsclosurs oi tLis or othar trander o1 dt~s to tLe mortgaged
~ pe+o
pett,~ in eacvnguuhmea~ oi ths indebtedaeM ~ecured L~n~ ~~.~t~0. ~interest ot tbs Mor~ga~os
in ~nd to sa~ msuranos palrae~ thea sn foros ~hall P~ P~ 6+~
i 8. He will no` ezeeute or ffie of ree;ord an~ instrumant which impwe~ s restriet~on upon the aale or ooen-
' panay oi tLs P~'aP~Y des~xibed hereia on the basi~ of nce, oolor. or creed.
j 9. If the premiees, or any psrt theeeof, be oondeanned uader ths power oi eminent domain~ or soquired
a•
i ~ for a public uee, the d awarded, t6e prooee~is tor the ot, a the consida~ation tor s~cL soq~isi-
tion, w the e:tent oi th~ amaunt oi t,he rema~ning unp~id~ebtednees ~ecured by t~Lia mort~age, are
` hereby aesigned to t6e Mortgagee, and his heirs or aeeigns, and ~h~ll be paid forthwith to ~sid M-~
i • or Lis ~ee to be spplied on a,a;oun~ oi ~he l~at maturing installmenta oi such indebtaess • pt+ovided, ow-
ei s
~ ~ aver, the art~sgee or his aeaigneet may at his discretion pay direct to the Mortgagos, Lis ~eits or aesigns
± '_~qy Part or aU of :such avvsrd; provrded~ that ii the losa is gwirant~eed or insured, ~he oonsent oi the guaran- _
' tor or ins~re~r i~ obtained in ~d~ance of aaid ymenL. .
i 10. Tfu Mortgagee nuy. at any tin~e p~g a s~sit npon t~ aPpll,to t~e oourt ~u?ving juri~ti~-
- t3on thereui for the ap int~neat oi a reoeiver~ and wdt o~ur~ a1~sU f ~nt~ ~po~nti ~ s~eoeiver ot Uu pe+en?ises
~ ~o~ ~by ~ ~ ~d ~gu~ ~,he ino~e, pro8ts, ~asues, and re~enua imm ~rhat-
; eves wuroe denved, each and evuy ot i6be~n~ espraesly undentood i~ hereby mortg~ged u if specifically
~ seti forth aad de~cribed in tbe,6~aat,in6~ Lsbendum cisuees beceoi. ~uch uppoint~n~~ shsU bs mads by
~ucL oour~ as ~n admitted eqwty and a matter oi ~bwlute rigLt to ~a~id Mortgagee~ and rnthout reference to
•n
; the adequacy or inadequacp oi the value of the P~P~Y ~~6~ or to tbe wlvenay or insolveaay of said
+ M tgag or the defendanta. 3uch rents profita, inoome, bsues, w~d revenues sLaU be ~pplied by such noeiver
' acco~~rding
to the lien oi this raortgage an~ t~s pnctir.e oi wc6 oouet. In the eventi ot any detaul~ oa the pari '
~ ~ of the Mortgagor hereunder, the Mortgag~or ~ ~o paY to the Mo on demand as a reasonable nwnthl,r
~ ~ rent~i tor tLe pnmises an aawunt~at le~st eqwvsleat to one-twelfth oi thes~r~a
te of the ~Mrelve mont6l,r
~ inatallmenta payuble in the thm cumnt year ~ns t~he actual ~nnount oi t~?e ~naual ~axe~, a~e~menta, w~ter
` ntei, and insuranee premiums for wch year aot oo'ered by tbe aforeesid monthly p~yments.
~ ~ 11. In the e~eat oi any breach of this mortgage or default on t6e pa:t of the Mortgagor, or in the even~
~ j tbat any oi said sums of money hereia reierred to be not pmmpdy ~ad fully paid ~ccording to the tenor hereoi
~ or ia tbe ev~t t6at each aad every tbe s4p
ulations, ~greementa eondit~s, and oo~enanb ai s~id aote an~
; t,hi~ mo~g~ge. ae~a not duly, P;'omFvY, and fuAy pertormed ~ i~ the Mort~gagor bs adjudicated b~nluup~ or .
~ anade det-endant in ~ bankruptcy or reoeivenhip Prooeeding~ i tlua ia either or any such eveat~ the uid ag~grt- -
~ I gate swn mentaned in said note thenrema~nwg unpud, witL iaterist aocrued to th~~ time and all moaey
! ~ecured hereby s6sU become due and p~yabk forfhwith, or thendt~er. at the option ot s~ I~iort~a~g~e. as
~ ~ i~uy .na ~pietely as ii all the said sums ot moaey were origia~lly stipulated to be paid on suc6 d~y, m~
~ ! ~hing in uid note or m th» a~rt~age to tbe oonts~ not~vit~stand~g; aad thereupon or thee~eafter~ ~t the option
; oi sud Mo ~rithout noUce or demand, suit at lsw or m equity, ma be prosecuted as it aU monevs
~gagee, su
~ ~ecured henb~
y7ud matured prior to its institution. Ths Mo~~gagee au~ ~rxWse t~s nwrtg~ge. ~s to tbe
E • amount w decl~e~ed due and {?syabls~ and the said premise~ ~hall-be wld to satisfy ~nd pay the eame together
: o
~ ; . ~at,s e:p~s~, and aUowan~. Ia case oi partaal foreclosure of ~S mortgag~e, dre mortgaged permises
~ ~hall be so~d subject to the oontinuing liea of thi~ mortgage tor the amount oi Lhe debt no~ thea due end unpAid.
~ ' In ~uch ca~s tLs p~+o~isions of th» p~ragraph may aga~a be ~~a~ed oi tbereaiter trom time to time by tLe
: ~ Mortgages.
~ 12. No w~iver of ~a~ oo'eaaat bereun or of ti?s obligat3on secured ha~eby s6~11 at ~ny time tbere~iter bs
~ beld to bs a waiver oi tbe terms heeeof or oi tbe note ~ecured hereby.
" 13. The lien oi this instrum~at ~II remaia ia i~ill forca and eHect during aay postponeanent or exteasion
€ ; at ths tim~s oi p~}mneat oi tLs indebtedae~s or an~ p~rt thereoi ~ecured hereby.
hms M
~ ~ l4. TLis ,rtgage is given to ~ecure ths pun~~ss n~oaey, or a part thereoi, oi ths isnds Le.reia deacribed ~
~ ' and i~ e:ecuted~~u?d delivered oontemporaaeow~l~ ~?ith the deed theretoe.
~ ~ 1 b. Ii tLe Mort~ago~r detault in an~ of tlie oo~~aata or age+eemeata oont~ined Luein, or in Nid nota, tLea
~ . tbe bi ma~ perform tLe wne. aad aII espeadif,ures~iacludiag naeoaabb attornay's fees) made b~ the ~
M ~~u'~g s6~U dnw intares! a~ the nte pro for in the principal iadebtedners, aad shaU be
~ ` rsp~~~thirty (30) dayr att~er demaad. and~ LogetLer wit6 interes~ aad oosts socrued thereoci, ~haU bs secured ~
i ~ 16. Up~ontbs re9uest d tbs M ths Mortg~g~or ~LaU axecute and delivee a snppleaaental aote oe
~ ~ ~ges
~ j botes for tbe wm ee wm~ ad~anoed
b~j ths Mortg~gie for tbs dtecat~ion~ modecais~tioa, imPl'overuen~, maia-
~ . tenanoe, or rapair of said preaaiee~, for t~e~ or araemeab ~gaia~t tLs ~aa~e aud toc an~ otLer purpas ~uthor- o~s
~ i:ed hereunder. Said note os notes ~11 be secured hereby on ~ pant ~rith ~od a~ tull~ as if the ad~~nos
e~ideaoed tF~ereby wers ineluded in tbs:iote Srat deMxibed aboTe. ~wppleme~r?tal note o: note, a6ai1 beu
i