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Home My WebLink About1510 ~ ~ataa at ~loeld~ dooiaiw~atae~r st~np~ !a t~ ataaunt r~4u1=~d 10? laMr w+~ud t~ tlr orl~ln.t ot tbs tb:e8~olae noce aAd canoslled punuaat to law.) ~ach enrY t~ ~ipula~ ase~awat~ o~ ond tlo~r~oaan~aia~nd at aald proinir ry a~ot+~ and ot thb moztgnge. t~ thf~ mo~rt~ and tLs a~hts be:+~ areated ~ha11 cea~s and be m~ll and vold. 11~d ths y[ortaa~oe omronant~ and ~trM Lo wd with tAs Yoit~gee u tollo~w~: ~ L Ae wlU p~y ffis pfincipal wd fnteresE and the l?a rlow aad wa~dry wnn~ ot moaey pa,yabls by vlrtus ot sald pronWeoiry note and tbls mortgage ProanPW? ua ths days the same beoo~ne dus and bs wlll P~'~PW~ P~~? . p~ w[th eadt ~nd evaty othee co~ven~at aad age~esment la saW promiesory aote u~d moetgege. . 8s wWp~ tbs tase~. arawne~ts. k~rla~ 1faMlltle~ ob~lastlons aud int~~tnbraaoe, ot e~ery naturs aad klnd aow oa said described pe~cgstty. ae tlut l~ee+eafter m4Y ~ Pu~. kvied or aa~e~sed th~'eot~, or t,t?at Lersaitsr aW? bs levled ae a~eee~ea upoa thls ~no~[~ oe the te~w ~ec+ured hareby. wh~ dus and peyable aoooid- fa~ Lo Lw. bef~oe+s tbey beoans dslinq~?t, aad betOrsaqy interest attad?ea or aq~t penaltl is huurred: and in so tar aa tbsreot 1s o[ t+eooi~ ffie wns ~6aU bs P~'~PW? atldfed aad dtscbarged ot reooN aad the original oitlcW documeat ~~noa aaa di~~3~a~rgs~ ~~ge ~a~n n~oc~ °appila~bleYto tbe i es m~~ta vv~ch a~re . _ to cs p.~a out a tbe i~~~ ••in? ths~~ tgases uaaer the cernot ac par~gn~ph ! a these o~oen.nts ana agree- ment~. ~ 3. He wiA t!N ~proveoa~ta naw eodstln~ ar hereatter erected aa tbs matgaged p~operty ~sured against lor br !le+s a~d other lcu~ultla~ anQ coatingandas in s~ amamb and fae wch perbds as mqy be re4~lred DY I~ortgagea, All l~unaoe bs c~rried in oomP4de~ aPPro+?ed bY Yortgages and tbe poitde~ aad renewals thereoi sLaII-bs lield by y[ortga~and baw etfacl~ea thereto lor payable cLwe~ fn t~avae o! and fa fo~m aooeptable to the Ia evant ot As vrUl ~[v~s immedl~te nottas by mafl to 7~[ortgagee, iud ~ages me~ meke proot ot lo~s i~lt~mad4 Pran?PW? . and eae~ huue~aaoe ocmpaqy oonaerned is~ere ~~G~uu,th~it.ed and dincted to make psymmt i~ sud ba ~y~o ortgages lnstead oi to Yartgagoz wd l[ortga~ 7otnW?. and tl~e insuraaoe P~. a W? I~art tl~ereo~ mq? bs aPPlied l[at8~ges et ita uPtlaa dtlrer to the t~ednctWa ot the hWebteaness henby se- au~ea or to tM reacor.aon or tes r~P~9 ~a. Ia eveac o~ rorecloaure oc tbl. mo~g~g~ oz ocear tranerer . a[ tltls to tbs mo~tg~g~ed Peopar fa ~t a~ tbe btdebtednea~ ~e~w~ed Let~ebY. all rlght, tltle aad intenat o~ ths ]toitg~gOr !n and to any mweaaos polfc~es tlrm in toros sball Pase to tbe Pan~a~er oe 6ranLes. 4. Ia o~der mos+s it~lly top tbs ~sc~uit,y c[ tW~ mortg~gs. tLe atort6agor. toget~r wlth and in a~ddttlan to ~~l~J? WY~+ts undsr ths Le~~mt a[ the nob ~ecured bee~eDy. on tlse ll.est dty o! ee?cD awnth a~od nnUl said note is tult~ p~iq, ~haII pq? to tbe ~ortB+~Ses aa iadata~eat d tbe taxea aad assesm~enta neat to baooms due agatnst the morL~ ~~ch insta~ts ahall equal traspectively~to ~nch tazes d~b~4~euc~ p~+ ~au as es~ttma ~ the l[ortgages. less all wuns atready Paid thereon. divWed by tl~e number a[ montbs tbat ars to elap~s beLors cne man grbr to the date when auch tasa~ and asee~aanb ar~d iawranoe p~mtums wW beoans due. 8ald iasteilmenta ahall be held by ths Hostgag~ss fn hust to p~y wdt tasea and assea~raenb and ioaniranos premtuau. All payments mads utWer the ternu at tZds and under tbs note secured ~ereby? ahall be added sad tbe aggngate anoauat tLerea~! ' a~11 be Paid ~K~~l'~~ 1n a dn8~ P~U~t ~ month to be wpplied~tbe ]~nrtgsgee W pe3mneaL ot tbe items and ia tbe order i (w) ta~cea and as~eeemdenb. and lnwranoe pce~nitnns: (b) interest an t4e mte eocnrod hereb7: ~ aad tc) atnortiaaHoa~ p~indpal af saW aote. A~q? de9deacy fn the amo~mt a! such ~ggregate maathlypsym ent ~ari oo~stltute a delault w~der tbis Wt~a~ auc~ ta~ s~?a~ts aad inmu~aaoe pmemhnns lall due~, it tbe amounfa depodted by the 3tortgagoe tor~~P~~P~'+ are not wdttcieet to pq sdd ta~oe~„ a~ts and innuanoe prenniums. as the case map be. thnn du0. tbe Yaztgag~r wfu p~y to the ~Loctaages auch d~ap immediate]y, wlim auch taxes. ase~samts and tusue~aaca premi~s fall due. it t6s smamL depoeited by tLs Yottgagor far w~ purposes eaoeed the amo~mts &ie tos iquh ta~cas. ~ta rtud i~ranos premtums. the eoceea~ m~lY. in tLs dlscretbn ot t,Le Mortg'a8ee, be appuea on ,wbseqomc monwl~? paymenta to be m.ae b~? cbe xo Ia tbe eveac a aaaulc ~ u~fs mo:tgage WY unqcpaided iaMs in tbe haML a[ tbs l~octgagee depaited by~tgagor to a?eet the obligatlms a~ tases, asxas- meats and insuraaoe ptm~i~ms ~haII bs aPPUed b~? tbs ~do~i$a~es uPoa tbs iidebtedner hereby securea. fa ths following onler: (a) fntere~t oa advanoes mede by ths Ye~tgagee: (b) alvanoea ma~ds by the ldaitgages: (c) iatereat an the prin- dPal: aM td) U~s prlaclpal debt hereby aecae+ed. Whea eay such ta~ces. as~nmb or inauraaoe Prsmhun~ isll dne the ~ ~rtBaBor ~ P~Ptly eDtafa and deliver to tbs Moe'tSaBee statwimta arlth respect thte~et~. '!be Mert8a8ee may o01- lxt a"late d~arge" eqwl to ~y6 am +w monthi,~? ~st~nmt pata mors th.a ia a~y, arcar the due aats there~. . ' 6. He vviII permit, cornmtt, ae w~Kee n~ waste. imp~irnuat or dete~iorattoa d sald PTOpe~'q? or en3? Pst'~ th~eo~ Ia tbe ev~t ot ths f~urs a[ tde ~[ortgagoe to tLe bWldings m saW prm?lses aad tLae to be erected oa saW prem- ot r the propsr p~re~erv°atbn~ ~ m~lce auh rapairs a~ in his dl~cebtlm be msy deem Q. He wirip~? all and doguL~r tbs cosb. ~1~arBa aaa rzPee~se~. i~l~OB ra~o~ubls saasey'~ teei. eost o[ sb- stracb a[ tltle aa8 tltle ~ incurred or pald at an tlme bi? ths ZLartBagee ba:aues a~ ffis tath~re on the part at t~e ~ ~ ~rtE~ P~P~3' ~~Y ~ P~~ and oovenants oi iald rate and tbfs mostSeBe. and esW co~sts.~ ; cbargea aad e~cpen~ea stull be fauaedla~Wy dae and payabls and st~all be eecuted by tbs llen ot thls mortgage, and anc2t a ~ ~ e~cpendtt~u+e~ diall draw faterast d tLe rate ot e.lght per omdmn per amtm~. j . F 7. ZLat (a) in ths eveat d a~qr briadt d tb1~ nartgags oe detault on tbs past ot ffis ]~atgagor. ar (b) fa ths 1 ; ~ eventauy K nfd aun~ ~ ma~ey berefa reten+ed to be not pt~npty and tnlty patA ~vltLout denaM or noUoe. or (c) fa ~ ffie evMt the atiPulatiaos. agre~mta, aoa~diUans aud aovenants c~ saW note and tlds mortgage ers ~t dulq. P~PUY _ ~ aad f1iU3? Per[o~med. tl~ fa either oe atq aatc,h eveat, tLe aaid aggregste tuna aaentlaa~M in saW note then nmsfnln8 va- ~ paw, ~vith mteresc .ocluea to rl~sst tirns. ana an moaeys .ewrea hereby. aban beoome aue am pe~yabls rorthwltL. or there. E lated~ to be pa~[d on sueh d~y,~anything i~n taid note ~~thls~mortgage to tbs oonttary notwit~hstsading:~t~diP~ ~ or tbere~iter. at tbe opua~ d said laortgagee. wittw~t notioe or autt at lsw or in equit9. may ba prosecuted as u an mo~eys securea trereDy baa msturea p~lae to ita m.atutlon. P ; 8. The Hortgages m~Y. at any tlme ~vbile a w~1t is pending to foreciase or to refo~n this mo~tgage~ or to mioroe . oaat sM11 i~ t1? aP'polnt~a r~eostver ot tbs prnni~ aqd~aU other property oaveted ~y. tine.U ding~ariva~nd~ s~lar tLs inoom~. Pc+cdlv. r~nta. 1aw~ aad rrvenue~ troa? whatevee souros dedved. aad wuh i~eoeiver aba11 baw aD tLe bmed an4 dl~etl~?~ i~metloa~ ae~b~ fa a~nvtse eotrwteA by a oourt to a recetver. and s~ch appo~ntment aball be made by ~11Ch OOIII't Y iII bidi[0a lQulh,,l Wd R~lat~li d abBOIULA ~$ht fA itld Jr[OltgS~Cl. AOd w1fIWUL PE!lteSOQ t0 !hA A~ qnacy or insdequsc~r at tbe valw a[ tbs pro~erty mort8+~ed or to the ~olwu~ey or lnwlve~ o! saW Mortgagae or the ' det~b. and w~ch inooa?R PenNta~ reab. is~Nes aad rsvenwes abaU be aPPlled bp wkh reoelves aoooeding to the liea a[ i t~ moetgugs aad tbs ptaWce u[ w~h ooiu~ ~ , ~ • i F , li ~ ~ ~ ~ " ~ ~ ' • ~ y g ~ ~.~R~ 95 r~c~3i;~ . ; .