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Home My WebLink About2100 . ~ . , r-. the deficienoy. Suchp~ym ent shell be made w'ithia thirty (30~ daya sftar writLen not~oe irom ths Mortg~ges sta~ing the amount oi ths deRcienoy~ ~vhich notice may be,~ven by msil. If st any time the Mortgagor ehsll tender to the Mortg~ee in hcoordunce .vith tha prov~a?oaa oi the nots ~eoured hereby, iull pyrcnent ' oi the nntira indebtedaeea npresented thereby~ the Mortge?gee us trustee ahsil~ in oomputtng the amount ot ; auch indebtedneas, credit to the e~ccount oi t6e MortgRgor aay credit balsnce reme?iniug under the provistoae ~ of (a) of ae?idparsgt~ph S. It there ahsU be s default under snq oi the proviaiona of thie inortgAge reaulting in e~ publio anle oi the premieee covered hereby, or ii the Mor~ scquiree the property othorwise efter i defsult~ the Mort,gagee ss trustee shell apply, st the time of e oommencement of such proceedings or t?t t the time the propertp is otherwise acquirad~ the amount then reme~ining to credi6 oi Mortgegor under (s~ol ' ` gara~rsph 2 preceding as s credit on the iaterest socured snd unpsid e?nd t6a bslanoe Lo the prina~pal en ~ reansming unpAid on said ~ote. ~ j 4. He wlll peqr all ta:ee„ ~eeeeemente, w~tar re?~ea and o~Dee~ove~rnment,al a munlotp~l oh~t'~e4 6aa0. os finpodtions, for which provieton bae not beea made Lereinbefa+s~ and din efw2L t6ec+eot tbs Mort~gaa my? PU? !be t~me; end ihst Ls wllt p~omptbr ddivee tbe offiob1 raoeipts thentor to tbs Morfaagee. Jf. 8e wiII pern?it~ oommit, oe sn~a~ no w~u~te, tmpairme~l, a~ dete~orat~oa at aid pe+opertjr aaa~p~ thereot emoept reaeonsbk waar aad teer• and in tbe eveat ot t~e failwrs oi tbe M~ tio keep t~hs build3a~ on eai~ ' p~mntsn and thoee to bs erecte~ on a~id premieee, a~ impro~meats t~Lereon~ ~a-~ood repair ths Mortge~ee myr ` msloe wch repai~s as ia ite diearetion it m~y deean neoeeeary fa~ the P~P~' P~'~?uon thee~eo~ and the full ~mouat - of eac6 and every suoL p~yment eball bs due aad Peyable lhirt~Y (80) d~ys attee de~nsnd, ~ ebaU be eeaured b~? tbs lie~ of t~ mortgega , , Q 8e wlU pqy all and etngnLr t~s oosts, snd e~cpenses, inoluding raeoaable lswye~'a fees, ~~ad oosh oi sbstraate of title, incun~ed or paid at aiqr tiame k~~ortgegea bea?~ee oi the fsiture on the ot the Mo - P~'~PVY ~nd iu~? to pe:form the e~~eements and oovenanta of mdd pramieeory note ~?ad m , ; t~e ~ ~+~a and ao~penses ahsll be ian~mediat~? due and peysble and shall be seeured by tbe lien o~!' tbis moit~s, + ; He wr~l oantinaoua~ main~ain hasard i~euraaoe„ of sucL t~~ps or t~pes end amounts as Mortgagee ma ' ain lt+om time to time require, on the improvemente now or here~itar on said p and excepti when p4ym ` tor all such premiuma Las tberotofore been made nnder ~(s) of p~?ragrs~h a h~ ~?ill psy promp~y when , due sny pramiums t6erefor. All i.nauranoe e~alt be carcied ia oumP~~ sPPrave~ by 11~ ee snd tbe po~ . cies and renewals thereof shall be beld by Mort~gagee and have sttached thereto loes psyab~uses in fsvor oi ! and ia form e~oceptsbre to the Mo Ia event oi loee ha will give immediate notaoe by m~?il to Mortgagee, ' and Mortg,agee msy make prooi~ ii not made promptly b~ Mortgagerf snd each ineuranoe~oompsqT oonoerned ~a hereb~r~suthorir~ and directed to ma~e pqymant ior such loee du+ectly to Mortga~ee mstead o! !o ltsostgsg~or snd Mortgagee jointJy, and the insuranoe P~0. ~,Y P~ there~i mqy be apphed by 111ort~ ~agee aL ita option either to the reductioa of the indebt~edneee hereby eecured or to t~he restoratioa or repair af t ~s the properts~ damaged. In event of foreclosnre of t~his mo or other t~'er of title to the mortgaged p~+operty in t of the indebtedneee eecured hereby, rigLty title, t~ed iaterest of the Mortgagor in end to an~ inswranoe policies t~hen in foroe shall pass tio the pur~ae~ or gnates. ~ 8. He will not ezecute or ffie of n~cord any instrament which impo~es s restriction upoa the eale or oocu- psacy of the pmper~y deecxibed herein on the baais of rsce~ oolor~ or creed. 9. If the premisee, or sny part thereof, be condemned under the power of emineat domsin~ or acquired for s public use~ tl~e damages awarded, the pmceeds for the taking of, or the oonaiderstion for such soquiai Lion, w the extent oi the fiill amount of the remainiag unpsid indebtednees secured by thia mortgage, are Lereby assigned to the Mortgagee~ and his Leira or ass~gna, and shall be paid forthwith to ssid Mo -~ee or hie ass~gnee to be appIied on sccount of the last maturing instsllments of such indebLneee• provided, ow- ~ ever, the Mortgagee or his a8signee, may a6 his discretaon pay~direct to the Mortgagor, Lis ~eirs or asaigns a~? part or all of such award; provided~ that if the loan is gnarsnteed or insured, the oonsent of thegue~rsn- tor or inaurer is obtsined in advance of eaid aymeat. 10. Tha Mortgagee msy~ st snp time ~en~ing s suit upon this mortga~e~spply to ths oourt hsving jiui~clics- von thereof for the sppointment of s receiver, and such oourt sball for~6an ~~pomt a receiver of the pnmises oovend hereby all and singular, includin~ all and eiagular the income~ proSts~ ~sues, and revenues irom whet- ever souroe denvul, each and evesy of wluch it beu'~g expresety understood is hereby mortgaged as it speeificaUy eet forth and described ia the granting an~ habsidum clauses Lereoi. ~uch ~ppoiatment ehsll be made by such courL as an admitted equity snd s msttsr of sbsolute right to eaid Mortgagee. and rvithout nference to the adequscy or inadequacy of the valus of the property mortgeged or to the solvency or insolvency of said Mortg r or the defendants. Such rente; pm$ta, ineome, ~ssues~ aad reveauea shsll be spplied by such reoeiver accordiang~ to the liea of thie mortgage and the practice of auch oourt. In the avent of sny defsul~ on tha psrt ~ of the Mortgsgor hereunder, the 11~iortgagor s~rees to psy to the Mo on demand i?s a reasoneble monWtv j reatal for the premiaea an amouat~st least equivatent to one-twelfth of theaggngste of the Lwelve moathlv ~ instaIlmenta psyable in the then current year plus tLe act,wal amoun~ of t~e ~nnual taxes, ssseesments, ~r~tsr ~ rstea, and insucaace premiuma for auch year aot oovered by the storessid monthly psymeaW. ; 11. In the event of any breacL of this mortgage or defsult on the part oi the Mortgagor~ or in the event that aay of aaid sums of money berein referred ta be not pmmptly and iully paid aocarding to the tenor hereof or ia the event that eac~h and every tbe sti ulstions~ agreementa eonditaons, and ooveaaats oi ssid note ~n~ ea t6is morlgage, are aot duly~ pramptly~ an iully performed or i~ the Mortgagor be sdjudicated baakrup~ or msde defendant in s baakruptay or receivership proccedinga; then in either or any such event, the said aggre- . gste sum mentioned in said note then rem unpsid, ~nth intereat accrued to thst tune, atid all money secured hereby shall become due and payab~orthwith, or thereafter, st the optioa oi ssid Mortgsgee, as fully ead comp~etely as if sll t6e eaid aums of money were originully atipulsted to be paid oa such dsy~ sa~ thing in eaid note or m this mort~age to the ooa~ notwitbstanding; and thereupon or thereafter. st the optioa of sa~d Mor~gagee, without not~oo or demand, suit at ls~v or in equity, may be pro~ecuted ss if all monevs aecured herebybud mstured prior to ito inatitutaon. The Mor~gee msy foreclose t~hhis mortgsgr~ aa to tbe ' amount ao declared due and paysbl8, and the suid premisea sLall, eold to satisfy and psy the.ssme together with o~ste expenses, and allowaaces. In case of partial for~l~ure of this mortga~e, the mort~eg~ed premises ehall be so~d eubject to t6e oontinuing lien of this mortga~e for the smount of the debt not then due and unpi?id. In such case tbe provisions of this paragraph msy sgun be sva~ed of t~?er~after fmm time to time by the M~T 2 No ~raive~ oi any ooveasnt henin or oi the obIigstian eecured hereby sh~lt at aay t~ime thereafter bs held to be s waiver of the terms heteof or of tbe note eecured hereby. . 13. The li~ea of this instrument shall reinain in full iorce and e,ffect during eny postponemeat or exteasion of the time of psyment of the indebtednees or any part thereoi eecured hereby. 14. This mort,~sge is given to secure the purchase money, or a pact thereof, of t6e tands hereia described and is executal and delivered o~ntemporaneoueiy rvitL the deed therafor. ~ l5. If the Mortgagor default in any oi the coPenants or agreements oontuined Lerain, os in rsid note, the~ ~ the Mortge~gce msy pertorm the same, snd all expenditures ~mcluding naeonsble attorae}r's iees) m~de by tbe M~~t~s~es in eo do~ ~hall drsMr intereet at the rste provi ed for in ths principal indebtednees, aad shs1l be - ~ npsys~ble tbirty (30) duys atter demaad, aad~ t,og~ether with iat~eres6 sad oosts accrued thsreon, ~hall bs ~ecur~ ~ ~ by t~ww mortgsge. ~ ~ I8. Upon the raqueeti oi the M r~a~s tbe Mortgag~or sball exeeuts and delivee a supplemeatsl note or ~ aote~ for ths sum or swms sdvaaoed ir~ tfis Mortgagee for t~e altention, anoderais~t~aa. improvemeat~ m~ia- ~ ~ teaaace, or npair oi ssid pnmisee, for taxes or aes~esocuats agau~st ths same aad for aay otber purpae ~?utbor- ~ ! ired hereunder. Ssid note or notes ~hall be ~ecured hereby oa a p~ar~tt~? DJt}i LTid Y ~tiU~/ Y It ~ idVtnOO ~ : e~ideaaed t,hereby wera iaduded ia tLe aote fir~t de~cribed abo~e. Said suppleauntal no`e or aotea ahall bear . CD . C~ '