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Home My WebLink About0976 . ~ tbe deflcieaa~. 8uchp~ym enti ~haU be 4i~~'~ with~ ~t~Ais~7 ~50~ dt~ee~ writ~tea n~~ios ie~m t~t?s Moet~?ge~ i st~tiag tbe ~mow?t oi Ws de8aisnoy~ ~~iich notic~ mu~ be ~pvea b mail. Ii ~t ~ tims thhs Mortgag~or ~hall tender to the Mortgages in aooordanoe with ~1?e pro~row ~the nots ~eaured hecsb~, full p~,ymea0 ~ ot tbs entirs iadebtedner rspre~ent~ed t~ereby~ t6e Mortgages a~ tru~tes ~h~ll, in ooaaputia~ ths amoun` ot ~ wch indebt~edaee~, credii to the ~oouunt of tbe M t~~or W abdit balwos uader the provi~ioas oi (a) oi e~idp~a~a ph It thers ~haU be a detiuiti under any ot the provisio~ m~e ~+e~ultiag in a publia s~le oi the p~ennise~ ~o~ b~y t h t~'~m~el ot t~6e oOmm~eaoeme~ati oi Suc~h 1 ot-h-en?i~s ~t,er detaul~, t6e Mor~agee u twtes shaU ap~y e P~6~ ' tbe Wne ths proper~y ~s othanmss aoquired; t~e amoua` thea rsmau~iag to abdiC oi•Mortgsgor under (~~of para~aph preced~ng ~s ~ crediti on the iaterest aocured and unpud and the b~aoe 6o the priac~p~l en ~ remainu?g unpiud on isid not~e. 4. He wllL pyr ~H ta~„ ~menh~ wat~ee r~. and otLee~~enmen W ae muntaiP~1 e6~la~ Soe~ os . impaitiod„ toe wbie6 pe~o~L~lon 6~s aot beeo aoads Leeeiabe~a+s, ~ad !n detault tbereot ihe Moctp~es mnJ? PU? t~h~ ~ ~Mme; and t~W?t bs wlU pe~oaapt~r de~i~e t6s a6d~l:eoeipt+~ iberefor to tbs Mort~ee~ ~ br He wlll peimtt~ oommit, or w~liae no w~s, imp~ira~ ae dstedo~stioa oi a~id propee~~ a ~yp~ tl~ei+eot , evooepi re~on~bk war and t~r• and in f~hs event ot tLs ~urs of t~6s M~~ ~P~ ~b~ild~o~p on ~1? pe~emi~a aad t6o~e to bs erecte~ wn Mid p~emi~, o~ impe~ov~ah thereon. ; maloe w~oh repai:s v in ito di~eretioa it m~y deem neoeeeary to~ tbs~ pe~e~e~vatioa t6es~eof and ths full ~noun~ ~ at eao6 aud every woh py?m~enti ~a11 bs dus aad pyabls thicf~j?1~r1 dy?s dtiee demaad~ ~~b~ll bs ~eaured b~ ~ tLs Uen of !W~ matp~s. • a. He w~ll pyr a11 and dn~il~r Ws oo~t~ ~nd azpenre~„ indudina rea~on~bis hwy~ec's fee~ a~nd~ aosd i d abdrsov ot tlt2e„ taonrred a p~W at ~nj tim~s ~~orta,~es beaw~s af tLs fail~ue on t6e part of tbs M ' ~ ~ ~ ~ ~ ~6all bs~a~ due aad p~y:bls ~nd ~ieoured b~r ~~mo~pp. . ~ eo~v, ~ ~~b? ~ ; 7. Hs w~l aontinuona~ maint~ain basard inwran~os, at woL t~jps os t~pea ~d aaiauab u MortB~es nu4T ,~e+om tims to time requirs, oa tbs imp`+o~emeats now or bereatter on ~sid aad excspti when pqmea0 toc all such prsmiuma ha~ tLei+stotara been made under (a oi p~sage~?Fh ~ wiU py pr~nmp ahes - dusan~ premium~ therator. All insuranos ~hall bs ~ ia ooanP~~ ~PPi'o~ec~ b~ M an;d~ pol~ ~ ~ies and =me~wal~ thee+eof ahall be Ldd b~ Mortgages aad L~~s attached tbsroto lo~s pa~ab~ ~a i~~or oi oe ~ and in iorm aoosptabls t~o tLs M In e~ent o~ loe~ Le wili gi~s immedi~ai~e notios by m~il to Martgages, : ~nd Marlg~es _mw make p~+ooi it not mads ps+ompt~j b~ Mw~tga$cr1 and eaoh iasuranos ooanpan~ • ooncsrned i~ bareb autiwri:ed ~nd directed to ma1~s pa~ment far such Zo~s duac. to M i~tead o! • t,o Mortgagor and 1~ortg~ge~ jan~, aad the inwran~os prooeed~, or aq~ part t,6e:~ ma~ bs~ b~ biort• ~gee aL its option e~tber to tbs uctaa oi ths indebtedn~es~ L~ereb~ ~eaured or to t~ rasto»hoa or rspair a~ ~ . ihs propertj dam~ged. In evsnt oi forec3owrs oi tLis ~t~~ o~r ot~Ler tramder ot title to ths mortgaged ~ p~+o pert,~ in t of tbs iadebtednees ~ecured hers~ bj; all ri~ght, ~itae, and int~e~ebs0 oi tbs Mortg~gor ~ ia and to aq7 inuranos palicie~ t~6sn in for~os iLall pa~s b tLe pnrcha~es or ~caates. ' 8. He ~riU noti azecute or Sle oi reoord any instrument which impo~es a reetriction upoa the ~ais or oocu- ' pancy of the P~P~Y deecribed hereia oa ths baei~ oi raoe, oolor, or creed. , ~ 9. If tha premieee~ or wy part the~eot, be oondemned under t~he power oi emiaent domain~ ae aoquired ; ior s public use, che d~ea a~vuded, the proceeds tor the ~ af, o: the consideratioa for wch aaluis~ ~ tion, to the ezten~ of the iill unaunt oi tha remaining unpud ia ebtadnees secured b t~his m~tgage. are hereby aeeigned to the Mortg4gee, and his heire or a~esigas, and ~Lall be paid fortLwri~ to sai~ M~- ages ~ • - or his ee to be appli~ed on ~ount of t6e Lst maturing inatallmente oi ~ucb iadebtaees• provided,7iow- ~ aver, th~ortgegee or hie a~igneei may st hia discretion p}?y direc~ to t6e Mortgagor, hi~ ~eir~ or assigas i ~TMy part or aU of sucb award; pmvided~ thst ii the loan is guararitsed or irisured, tiLe oonsent of ths guaran- _ ! tQr or wsurer is obtained in advance of saidpayment. ~ 10. The Mortgagee m~y, at any time }~en 'ding ~ suit upon this mo~~ga~e apply to ths oourC ~ving juriscii~- ~ tion Wereof for the appointment oi a rec~iver~ ~ad such oourt s6~11 fort~6~t~? a~?pout` a reoeiver of tbe premi~es i oovered hereby all aad singular~ includin~ all aad singu4r the iacome~ Pro&t~s, ~sua, ~ad re~enues irom wLat- ever wurce denved, each snd every oi wluch it~~ espreesly underatood is hereby mortgsged as it apecifically . + set forth and dacribed ia the,6~antin8 ~ad hsben3um dause~ Lereof. ~uch sppointment s6sU be made by j such cousti ~s an admi~ted eqwty and a matter oi absolute rig6t to said Mortgages, and without referauoe to ~ the adequacy or inadequaay oi the value of tLe propetty mortg~ged or to ths wlvency or inwlvenay of w~id ` Mot,gag r or the defendants. Such reats pmfits, inoome~ is~ua, aadY+svenua sball bs applied by sucL reoeiver ~ aooo~rdu~' g~ to the lisn of t,L» mortgage w~ t2~e pnct,ias oi such oonrt. L? fbs eveat ot ~ daf~ult on tLs part _ , ai the Mortgagor hereunder~ the Mortgagor a~rees to P~7 to the Mo oa demand as a rea~aa~bk montt?1~ , :+antal for tLe pnmi~ea m am~ount~at leas~ eqwvaleat to oae-twelith of thsa~a te oi tLe twelve ma?tLl~ inst~llments p~yable in the tben currsat year plu~ ths actwl anwnn~ ot ths annual ta:e~, arerments~ water j ntes~ and insuranos premium~ ior such year awt oovered by tLe ~tores~uid montLlY P~Y~~ ~ ii. In tbs evenL oi any brearh oi tLis mortgags or default on tLs p~rt oi.th~ Mort;a~or~ or in ths e~en~ tbat any o! ~aid sunu oi awns henin reterred ~o be na~ promptly and fully pa~d accordin~ to tbs teaor Lereof ; t or ia the sventi th~t each ~every tLe ~tip uLtiozu, agreemeab oondition~, and ooveaaats ot raid aote ~ , this ~ge , ~re noL duly. PromPdy~ aad iully periormed or i~ tbe Mortgagor be adjudicated baakrupt or ~ en F inadsn d~[~adant ia ~ bankruptay or reixivenhiR Proceeding~; f~hen in either or ai?~ wch ev~t, tbe Mid aggre- ~ gats ~um meutioned 'ut s~id notA tLearema~n~g unpaid, vv~tb intere~ti aeesued ~o that time sad ~11 inoaey ~ t erea , ~u~d hereby s~sU beoOme due and psyable iorthwitL, or t~ereatter, ths opt~on of sai~ Mo , u t fully aad comp~ately as if all the wid sums oi money were originally stipulated to be paid oa such y, mg- 4 thing~ ia said note or m tbis mort~age to tLs coatrar~+ notwithstanding; and tLereupoa or thee~tter t~6e option ot sud Mo~a~e~, ~rithOUt nouee or demaud, smt ~t laN or in equity, may be prosecuted u ~i all uwaev~ ~ecw~ed herebr yLad matured prior to it~ iiwtitution. T6e M may ioreclo~e this mortgag~e~ as to tbs : ~mouat w declared due wd payable, and t6e ~aid premises slull~iold to oatiJy ~nd py? the ume together ' w?ith oo~ts espenses, ~t?d allowances. In case of artid ioseclwurs ot t~s mort , tLe mortg~? miaes 00 ~ P ~ p ~ shaU be ~o ~ubjeet to the oontiauing lien of tb» mort~age for the a:aouat oi the de ti not tbea dw un ~id. - Isi such cass tbs pz+o~idons oi t~e par~aPh ma7 a~ain bs ~~dled of tbsreatter trom time to tims by the M 1~= 2 No waiver ot aa~ oovenaat hrrein.or oi the obligatioa ~eaured hereby ~ull ~t any t~me tiureaiter bs . Leld to bs a wai~~ oi t~rs teims hereo! or oi tbe note ~ecured Lereby. 13. Ths liea ot thi~ insttument ~6aU remaia u? full fon:e and eEect during an~ postponement or eztension ; ~ tLe time oi payment oi tbe indebtedna~ or ~a~ part t6ereoi ~ecured L~reb~. de c ; I4: T6is mort~age is givea to ~ecurs the purchass maney, or a part tbereof~ oi tbqlands ha~ein de~cribed ~ sad i~ esecuted ~nd deli~ered ooatemporanaoudy with tbe deed tLerafo~. ~~-'s ; ; 15. It tbs Mortgagor det~ult in ~ay ot the ooveaants or agreemmb oontained Lenin, oe in ~sid note~ tLeo I i tLe Mostgages may perform tbe s~n?e, and ~D e~cpeadiiures_ ~'iacluding na~onab~ ~Ltorney's texs) made by the ` ~ M m~o~~~ ~6aU dnw intenst a~ the nts provided for ia tLe principal iadebtedae~a, and shaU be ~ ~ npa~tbirty (SO) asys aiter demand, u~d, togett?ee witb interat aad oosts accrued tLe~+eon, ~Il bs ~ecured ~ ~ . mo ~ ~ 1g. Upoa tbs req~ ot ths M rt~~ee ths Mostg~gu?r ~hall ezeeuts and ddi~ee • wppkineat~l note oe ~ ~ % aotes fa the sum oe~ wms a~~aaoed bj t,6s M sgee !or t~l,e alterstion~ modernisatioo, imp~+o~aaea~, m~i~ "r i ~ teoanos~ or rap~ir ot ~aid pt+~es, tor t~a or i~~~bmeat~ a~gaiast tLe s~ms aad for aa~ otbes purpas autLoe~- C..~~ ~ ' ised heraunder. Said note or nota sLall be ~ecured hereby on puit~ witL ~ad os fuU~ as if ths ~d~uws ~ e~idemoed tLereb~ wers i=?duded ia tLe note 6n~ dacribed abo~s. Said wpplemmtal note or notes ~ha11 bese CJ1 ~ C ~ ~ .v' I