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Home My WebLink About0767 ~ - . . , . - . ' . ~ . , ~ • • ' . . i • ' - . ' ~ the de&cieua~. Suchp~ym ea` sh~ll be mude ~vit~hin U?ir~y (30~ d~ye stter Mrrittea notios Iroin the Mortgaltes ~ stating the amouat oi ths daRcieno~, which notice m~~ bs ~ven by mul. It ~t ~qy tims ths Mortgsgor ~ ahall tender to ths Mortgagee in aooordanoe ~rith t~he provisions of the nots eecured hereby~ full payment of the antire indebtedaees represented tbereby, ths Mort~gsgee as trustee s~sll, ia ooinputing the smouat ot such indebtedness. ~Tedit to the ~coouat oi the Mor~a~or aay credit balsnce remsiniag under the provisions ; oi (s) of ei?idpsngrsph 4. It t~here ehsll be s defsuit under sny oi the proviaions oi this mo~a~e result;in6 ~ ~ in a public esle oi ths premises oovered hereby, or ii the Mort_gagee aoqwres ths propesty oth-erwiee attsr ; f defsult, the Mortgages as trustee ehsll spp~j?~ st the time oi tae oommencemen~ oi such groceediags or e?t ; ~ the time ths proper~~ is other+viae ~oquirad, the smount then rem~ining to credit oi Mortgsgor under (a~oi t psngrsph ~ precedu~g as ~ credit on the int,ereet aocured euid unpsid snd the balaace to tha principsl en ! rema~ning unpaid on esid nots. 4. He will pWr aII ta~ ~ee~emen~„ w~ee n~, and a~Lee~o~e~ame~W a munt~Pd ob~rsee~ Baee. ~ lonpaition~.~ foe whtoh pe~doa h~s no~ been made beseiabeiae, and in default thereot tbe ort;~es mw pU? ths ~ wa?e; and t6at Le wI11 pe~o~npRb? deftree t6e o~oial reoeipt~ LLe[~stor to ths ~dorta,~ges. t a. He wiIl permil, oanmit, o~ eu~ee ao wae~e, imp~t~meat, a dete~rlo~tloa d said propert~r ae~aqyp thereoi ~ eoooept reieonsbls weae and Lear• ~nd ia the eventi oi t,Le idlure ot t6s Martg~or to keep the ~ildin~a on eai~ ; pe+emisee and tbose to be ereotai oa ~id pr~. or improv~ents thereon~ in ~ood npair We Mortga~ee mry? malc~e suoL repai:s ta a~t~ i~ m.,y a~ neoeeeary foe tbeproper pe~vatioa fbee~eo~ and the full amouat ~ af eaoL and every woh p~ymeat s~D bs dae and P~Yab1s ~~7 (30) d~ys dter demaad, sn'd eh~ll be secured by , t~he liea d tbis moct~e. ~ d~ He will p~y all ~nd etnsuLe t6s aosts, and e~peases. indudins reaeoasbk lswye:'s fees. sad oosb . ti:'~ at absteacts oi title, ina+ured a~ paid s! any tims ~~ostge?gee becauee of the failure on the part of the M r~or P~'~P~Y and~y to pe:foren t~s a~eea~eata and oovenaate of satd pro~nieeory note e~ad this mo ga~ ~nd ea~d _ F_ ~ ood~~, o~srge~, sad eacp~s sball bs iaomedistebr due and p~?sbls and ebaD be secured by t6e lien of~this 'mort~aga ~ ~ T. He w~! o~ntianonab msintsin basard insuranoe, oi ench t~pe or t~pes and amounta as Martgagee ma~ ic+~m time to Eime requirs, on the impro~emenb now or Leresfter on esid pr~m~ snd exoept ~vhea paymsnti tor a]1 such premiums has tLeretofore been mede under (s of psragn~~h ~ hereof he will P41 Promp~,~y when dne an,y premiums theroior. AIl insnran~os shall be ~ in oomP~~ aPProve~ by l~ia~ and tfie pol~ cia aad renewah t6ereaf shaU be Leld by Mortgagee end b~vs ~?ttached thereto loss payable usee in is~or oi , ~d ia torm sa;ept~bls to the M gagee. In event oi loes he will give im.medi~te aotiae by mail to Mortgagee, and Martg~ages~my mslcs psoofa~~i loes ii not made grompt~j b~ Mortgsgorj and each insuranos oompsa~ oonceraed ~s b~r- tuthori~d and direated t~o make p~yment for such loee duec. to Mo instead oi f~o Mortgagor aad Mortgag~ee om~,~y~~nd tha insuranoe prooeeds, or any part there~~ may be sp~ by I11orw _ . ~ages at its option eitLer to ~e reduction oi the indebtednees hereby eecured or to t~he restorstwa or repair oi the properb dsm~ged. In event oi forecloanrs oi t~hi,s mo~a~, or other transfer oi titla to the mortgaged ' - p~opartj in eztingu~ahmeat oi t~Le indebtednees secured Lereby; a]i right, title, and iaterest of the Mortgagor Le in and to ~ insuran~oe polioies t,hen ia force ehsll paes to t~e purch~ner or gr~ates. . 8. Ae will not ezecute or file of reoord sny inetrumenti which impoees a restrict'soa upon the eale or oocu- pancy of the property deecribed herein on the basia of raca. oolor~ or creed. 9. If the premises~ or ~?ny psrt th~eof, be oondemned under the po~ver of eminent domain, or aoquired ~ for a public use, the d ea awarded, t6e proceeda for the tekin of, -or the conaiderntion for such aoquisi- a~ g tion, to the extent of th~ull amaunt of the remeining unpsid indebtedneee secuted by thia mortgage, are hereby assigned to the Mortgagee, snd his heirs or assigns, and a6sll be psid forthwith to said Mo r-tgagee or his nee to be applied on accoun~ of the lsst matunng inatsUmenta of such indebtnese• provided~bow- ~ ever. tL~ortgagee or his assignee, may at hia diecretion pay direct to the Mortgagor. Lis ~eire or ssaigne sny part or all of such swerd; pmvided~ that if the losa is guaranteed or insured, tihe consent of the guaran- _ tor or insurar ia obtmined in advance of said yme+n~ 10. The Mortgsgee msp. at any tima pen ing a auit upoa this mortgage apply,to the oourt hsving jurisdi~- tion tLereof for the appointment oi a receiver. and such oaurt shall fortfivmtf? .~po~nt a receiver ot the premises oovered hereby all and su~gul~r, includin~ sll and singulsr tLe inoome, profita, ~asuee, ~nd revenues fmm ~er6st- ever eource denved, each and every of wluch it being ezpressly understood~ is hereby mortgaged as if speci&cally set forth and des~xibed in the grsntaag aY?~ Lsbendum clsuses Lereof. Such wppointanent a6a11 be made by such oourt as an admitted equity and a matter ot absolute righ6 to asid Mortgegee~ and without rcferenae to the adequacy or inadequncy of t6e value of the pmperty mortgaged or to the solvency or insolvency of said Mortgagor or the defendants. Suc6 renta pm6ta, inooma, issues~ and revenues shsll be spplied by such receiver aooo~+d~'ng to the lien oi tLis mortgaqe an~ the practice of such oourt. In the even6 of sny defsult oa the part of the Mortgagor hereunder~ the Mortgager a~rees to pay to the Mo on demand aa a reasonable monthlv rental for tbe premises an amount~at least equivalent to ono-twelit~ of theaggregate of the twelve monthlv inatallments psyable in the then current year plus the actual smount of tLe annual taaes, ~ae~nnents, ~rater re,tes, and insurancs premiums tor auch year not oove.red by the sforessid montLly paymente. € 11. In tLe event of any breach of thia mortgage or defsult on the part oi the Mortgagor, or in tLe aventi i that any oi asid sums oi monep herein referred to be not pmmptly and fully paid acxording to the tenor hereof - or in the avent that each aad every tbe etip uistions, agreements conditions, and oovenants of asid nota sn~ E this mortgage ~ are not duly, prompdy. and tully performed or i~ Wie Mortgsgor be sdjudicated bankrupt or ' msde defendant in a bankruptcy or receivership pmocedin$as then ia either or any such event, the asid aggre- c gate sum mentioned in said note tLen rem unpsid, with interest accnied to thet time, and all money ~ eecured hereby ahull became due and psyab~orthwith, or tbereafter~ st the option oi ssid rior~,gag~e~ as ~ fully and comp~etely as if sll the ssid sums of money were originally stipulsted to be paid on sucL day~ an~- thing in ssid nvte or m t~s mort~age to the oon~sr~ notwit~atsnding; and thereupon or there~fter, at the option of sud Mortgsgee~ without nouue or demand, ewt st lsw or in eqwty, may be proeecuted ss if all raonevs : secured hereby hsd matured prior to its inatitution. 1R?e Mo~~ge~ may forecloee this moMgi~ge, as to tbe s amauat eo declar~ed due and psysble~ and the ssid prEmiees ahsll-be sold to astisiy snd psp the same together with oosta eacpenees, and sllowances. In caee of partaal foreclosure of thia mortgsge, the mortgsged premises shall be w~d subject to the oontinuiag lien oi this mortgsge+ for the amount of the debt not then due snd unpaid. • ~ Ia such ca~s the pro~iuion~ oi thia paragrsph msy ~gain be sva~led of tbereafter from time to time by the E lr Z No ~raiver oi ~ny oovenaat herein or oi tha obligstion secured hereby shaU at ~ny time theresiter be ; l~eld to be ~ ~raiver of the t~erms hereof or of tbe nots secured hereby. ~ ~ 13. The lien oi t~?is inatrument ahall remain in full force and eHect during eny postponement or extensioa ~ ai the time of payment oi the indebtedneas or any part thereof eecw~ed henby. . ~ 14. This ~a given to secure the purchase money, or a part thereof, oi tLe lands henin described d and is executed~~~elivered oontemporsneoualy witL the deed tLerefor. ~ 15. If the Mortgagor deisult in any of tLe oovenante or agreemenb contained berein. or in ~sid note. then . +d~ the Mortga8ee may pertorm tha sarae, and ell expenditures including reaeonable sttorney's fees) made by the hs ~ n t C7~ M ~n so do~ag sbaU draw interest at the nte provi ed for in the principal indebtedness, snd shsll be ~ . b pi?yable tbirty (30) days dt~r dem~ad~ ~ad, t~ogether with int,erest and oosta accrued thereon, shall be secured ~ y tbis mortgage. e em o~_` 18. Upoa tLs req~st ot tbs M tbe Mortgsgor sball e~cecute and delivar a snpplemeatal note or ~ aota fo: the sum or wms ad~anoed by Mortgsgee for the alten?t~n~ modernis~t~on, iunprnvea~eat, m~in- ~ ~ tenanoe, or repai~s of said pnmibes, for taxes or aae~ssmenta against the sw?e and for an~ other purpo~e ~ut3wr- ised hereunder. 3sid note or notes a6~il be secured henby on • p~ar~it~r wiW and as tully as ii the advaace evidenaed thereby were included ia tbs note SrK desctabed ~?bo~s. Said wpplementat nate or notea ahall bear ,