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Home My WebLink About0445 ~ ~ . - ; . _ . ~ -i~~1~~ t . ~ • ~ i ~ the deficienoy. Suchpsym ent s4s11 be made withia thirLy (30 dn,ys uttec v~?ritten'notioe ~~bin the t~ia~tgagee stating the smount oi the deRcienoy~ rYf11CIl IIOf~lC9 lII~~l bp ~vea by ma~. It at sny time the Mortgngor nhsll tender to the Mortge?gee in acoordunoe witb the proviaioas oi the note secured horeby~ futl psyment 3 of the entire indebtedneas represented thereby, the Mortgagee se trustee ahall~ ia o~mputang the smoun~ ot such indebtednesa~ credib to the sccount oi tha Mortgagor sn,y credit balsnoe rea?aiaing uadec the provisions , oi (s) of ssidpa~gra ph 2. It there shsll be s detault under sny of the pmviaiona ot this mort,~a~ resulting in e? public sale of t,he premiaes oovereSt hereby, or ii the Mortgagee e?cquiree the pmperty ot~-erwise siter ~ defeult, tha Mort~agee as truatee shall apply~ st the tima of tbe commencement of auch proceediaga or st Lh• tima the pmperty is otherwiae scquired, tha smount then remsining to credit of Mortgagor uader (s) of P~Ph ~ p~~8 A~it on tha inte~et aocured and unp~id and the balance to the principnl then , remiunuig unps~d on eaid note. ~ . 4. He will pay all t~~eq~ aeeeeemeats, w~?t~er rites,~ ~nd otbee~overnonenW a~ mnnidpsl eh~r~ee. or ~ fmPodtions„~ Ior which provisioa hae ao! beoa msde ~ereinbefore„ aad ia defsul0 thereof the Mort~agee m~Y P~+Y ~ ~ ~aoe; ~nd t6st hs will prompt~r daKrer ~6s o~ail reoelpta thcrefos to tLs biortg,s~ee. ~ `v a. He wiri permit, oo~mmit, a suHer no waste, impairmeat, oc deterioration of sdd propettjr oeaayp thereot eaooepi n~sonsble wa?r and te~s• aad ia tLe eveat of t~6e fsilure ot the Mortgsgor t~o kcep the buildinp oa esid peemises and thoee tio bs ereot~e~ oa euid premnisae, ae ianp~ov~ementt i~ee+avn, ia good repsir the Mortgagee maUr ~ ~ ~ msice w~h npaies aa ia it~ discretion it ma,y deem neoeesary fo~ We P~'oP~ P~'~?tion theceo~ aad the full amounti ~ . vt a?ch aad every eau~ p~,ymeat sball bs dus and P~Y~ an~ ehall be eecand by • -t tAs liea of t6is ~no~tgAgs. . d. He wIll p~y all ~ud etn~ulat t6e ooets, snd eo~pensea, inaludtna reaeonabte Lwye~r'~ ia~, aad ooats : . oi a6str~?ct~ of titk, inourred or paid sL aqy time ~~~ortg,~egee becauae oi tbe failure on the part of ths Mrt~g~ pe~omPt~? aadfu1~? to pettorm ths sgceementa and ooveaanls of s~d pro~niee~ry nok and tbia rao , aad s~d r'` ~ aost~r oh~raes, sad eocpenses a6sll bs immediste~r due aad pe~ysbb ~,nd e~all be eeaured by t~ liea bi~mortgaga ~ T. He w~l oontinno~ maiatdn hasard insursnae, oi snch t~pe artyp~es snd amounts as Mo ~ ttom tims to time require, on the improvementa now or hereattee on eeud -rr~miaes and eace 6~rhe~n~ mt~ : ' tor a11 such preminms haa tberet~tore been made nader ~(s) oi paragra,ph Z he~reof ~e rvill ~ pr~a~p~yhe~ dae aq~ pnmiums tLere~for. All insur~noe sDall be csnied ia oompan~es sppmve~ by Mo and the poli~ cies aad renewals tLereoi ahsll be held by Mortgagee w?d bsve sttac6ed thereto kes psysble~ausee in isvor oi ~ aad in form sooeptsble to the M ~g~sg~. In avent of bas ha ~vill give immediate notioe by msil to Mortgagee, ` •ad Mortga~ee may mahe proofaNDff loes if aot made promptly by Mortgagorr and each inauranoe oompao~ ~ ooaoernedis hereby~ sutLori:ed aad direated to malce p~yment for such loee d~re~ct_ly to Mortga~ee inetead oi ' to Mortg~gor and Mortgag~e~ 'oia~y, and the.insurauoe proceeds, or an,y part there~f may be sp~1ied by Ilfort• ~ ~ages ati its optioa either to ~e reduction of the indebLedneee Lereby eeaured or to t~e reatorst~on or repsir a! tbe propert~y dama~ed. In eveat of iorsclosure oi tbis mo~or othar tranaier oi title to tLs mortgaged ± p~+o~erty in eztingu~ahmmt of tbe indebtednees secured hereby, right, title, and intereeL oi the`Mottgagor 3 ia aad ~o ~ insuraaos policies tben in ~oroe alutl paas to the pnrcbaser or giantee. . ~ 8. He will noL e~zecute or Sle of reoord aay instrnnaent wLich imposes s restrictioa upoa the sale or oocu- ~ ~ pancy of the property deecribed hereia oa the basis oi rsoe, oolar~ or creed, 9. If the premisee, or any part t,hereof~ be oondemned under the po~ver oi eminent domain, or aoquired ; - for s public use, the d~ee swarded, the proceeda for the ~ of, or the oonaidetstion fbr such `aoquisi- - t~on,~ to the eztent oi the ull amount of the remaining unpaid in ebtednees eecured by thia mor~gage are ~ ~Lereby asaigned to the Mortgagee~ and his hei~ or aas~gns, and shall be paid torth~?ith to eaid Mo~ or his ~aee to be~spplied on account of the last msturing inatallments of auch indebtnees• provided, ~ow~- ~ eyer, tlie~ ortgagee or hia sssignee~ may et his discretion pay direct to the Mortgagor, Lis ~eire or aesigna ~ ~ : ti~?ay pa~t or all of such sward; provided~ that if the loan ia guaranf,eed or inaured, the oonsen6 of the gusran- tor or inaurer is obtsined in sdvance of said yment. 4~; 20. The Mortgagee may, at anp time pez? ing a suit upon tbis mortga~e~sPPly to the oourt havinR jucisctict ~ tion thereuf for LLe appointmeat of s receiver~ and such oour6 sbsU fortbwr s~point ~ receiver of the premises t c~vered bereby all aad singular~ includin~ all and singular the inoome, pce&ts~ tssues, and revenues fc+em what- ~ ever eouroe denved, each aad every of whzch it beu'~ ezpreaely underatood, is Lereby mdrtgsged aa if apecificsily set forth and de~cribed in the.granting sn~ hsbenndum clauses bereof. 3uch ~ppointment ahall be mada by such oourt as an admitted eqwty and s nnstter of sbsolute right to said Mortgagee~ and without reference to the adequscp or inadequacy of the value of t~?e property mortgaged or to the solvency or insolvency of said Mo ~ag~ r or the detendsnts. 3uch reats profita, income, iasues, and ravenues ahall be applied by sucL receiver ~s sooo~rd~ -'ng~ to the lien of thi~a mortgsge an~ the practioe oi sucL oourt. In the avent oi any defsult on the part _ of the Mortgagor herewidet~ the Mortgag~or e~rees to psy f~o the Mo on demand as a reasonable monthlv redtal for tLe premises e~a emount-a~ least equivalent to one-twelfth oi thesggregs te of the twelve monthlv inatallmeats psyable in tLe tben cw~eat year piua the actual amouat oi the annual te?aes, assesaonente~ water \ rst~ea, and insuranoe pn;miums for such year not oovered by the storesaid monthly psymente. ~ 11. In the eventi oi any breuh oi this mortgage or defautt on the part of the Mortgag~or. or in the event ~ that aay of eaid aums of money henia referred t~o be not promptly and fuUy paid u:cording to th~ tenor hereof o' or in the event that each and every the stip ul~?tians, agreements oonditians, and oovenents of said note sn~ ~ this mortgag~, an not duly, Prowptly, and fulty performed or i~ the Mortgsgor be sdjudicated bankrupt or ; made defendant ia ~ baal~uptcy or reixivershi~ proceeding~R thea in either or any such event~ the said ag~rt• gste sum meationed in said note then rem ' unpuid, w?~th interest accrued to that time, aad sll money secured ber8by ahall bccoane due and psyab~orthwith, or thereaher~ st tba option ot ssid bior~geg~~ sa , fuUy and oomp~etely as if all tLe aaid sums of money were originally stipiilated to be paid on sucL dsy~ an,r- thing ia esid note or m this mort~ag~e to tbe oon~ar~ notwithatanding; and thareupon or thereafter, at the option ~ ' of said Mortgsgee, rrithout aotacs or demand, swt s~ laa or in equity, msy be prasecuted as if all monevs 1, ' secured hereb-y hsd matured prior to its institution. 1'he Mo may for~close this mortgege, as to tbe amount w declared due aad psysble, and the ssid pnmises shall~Id to ~atisty and pay the same together ~ ~vith oosts eapenses, and alto~rances. Ia case of partial foreclosure oi this mortgage, tha mortge prnmises ahsll be so~d subject to tbe oontinuing lien of tLis mortga~e for the amouat ot the debt not then due~and i~apnid. In euch csee tbe proviaions of tLis paragraph may sgs~a be ava~ed of tLereafter irom time to time by the ' Martgegee. 12. No wraiver of any oovenant her~eia or of the obligsLion eecured hereby shall st any time theresiter bs ; he~d to be a w?sivet of tha te,~ma hereof or of tbe note eecured hereby. ~ _ 13. Thb lien oi thia instrumenti shall nmain in full force and effect during any postponemeat or cxtenaion : ~ oi the time oi payment of the indebtedness or aay part thereof secured hereby. = - - 14. TLis mo~tg~ is given to secure the purchaee money, or ~ part thereof, o! the lands herein described ~ , and i~ ezecuted ~nd detivered oont~emporaneoualy with the deed tlurefor. = 15. Ii the Mortga~or detsult ia any ot the coveaants or agi~eements oontained Lenin, or in ssid note, theR _ tLe Mortgs$ee may,perform tbe same, and all espenditures ~incinding resaonable attotney'a fe~s) made by the : M m so dou~g a L~ l l d r a~? inter~st at t he rate pmvi e d for in t he princi p a l in de bt e d aess, sa d s h a l l b e 4; • repa y sb t6irty (30) d~y~ after damaud~ aad, tog~ether ~?ith intere~t and oosts ~ecrued ~on, sLaU be aecured b~ tbis mortgage. 18. Upon the request oi tbe Mot~~ the Mortga~o~r shall exeaute aad delivs~ ~ supplemeatal note or aotes iat the wm or wms ad~saced by-t6e Mortgagee ior the alten4on, modernisation, improvement, msin• . - tex~ance, or repair oi ~aid pnmise~, for taxes or a~e~eanente against tbe ame ~d far sa~ otber purpae ~uthor~ ~ iud hereunder. 3aid note a~ nota ahsll be iecured Lereby on s parit with aad a fully as ii the sdveace evidenoed thereby wea~e induded in LLs note Sm de~ecibed abors. $~i~wpplemeatal note or aotes ahall besr s.