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Home My WebLink About2775 ~r ths deficiency. 3uchpa~ymen~ shsU be msde within thirty (30) d~ys stter wr'itten notaos Irom the Mortgagee st~ting the amount oi the deRciency~ which noLice msy be given by msil. It ~?t any time the Mortgsgor i~. , shRll tender to the Mortgagee in aocordsnce ~vith the provis~ons of the note secured hereby~ fu1C p~yment ` o[ the entire indebtedaees represented Lhareby~ the Mortgsgee as trustee shaU, w oomputiag the smount of such indebtednees, credit to the scoount of the Mortgs~or sny credit balance remsinin~ uader the provisioas ~ ot (s) oi esid paragnpL 2. If there ahall be s defauIt uader sny of the provisions of thia mortgsge resuitin in s public sule of the premiees covered hereby~ or J tha Mortgsgee soquiree ttee propetty otherwise aite default, the Mortgagee as ta~u~tee ahsll spply, at tha time ot the commeacement ot auch proceedings or st the time the propetty is otherwise scquired, the smount then remwining to credit ot 1liortgagor undet (e?) oi psra~rsph ,2 preceding aa s credit on the i.nterest accured and unpe?id and the bsle?ace to the priacipsl ~hea remaining unpaid on esid ~ote. 4. He wlll p~~r ~1! ta~oee, ~seeeeaa~eate. wstAr rates~ aad ott?eer~oveta~utal ae municipal obarae0. ~4 ~ impodtione. for whioh provldon hss aot beea mads ~inbefore, and din eiaulti theceof the Mortgaaee m4Y P~Y ths ~me; and t,6~ hs w~ill pocompt~r detiver the o~cial reoeipts t6eref~ to t6e ~ott~,a6ee, A 8s wW pecmil, oommit, o~ suRer no waate~ impsiraneat, os detaioan?tian of aatd P~'oP~b ~a~~r thereoi eocoepi reaaanabk weu snd t~ear• and in the event d t6e failure of the Martaegor to tceep Lhe butid~s on eai~ pe~~nises and tbose ta be erectet~ on eaid ps~niees, or iaa~+ove~me:,ts Wa~eon, ia good rapais the Mortgagee any? of edch aad e~ euah ib disaretioa it ma,y deem n~eoee~eary for tbs~p~!o pet pnsesvatian thereo~ aad the full amount ths lien of this~mo ~t shall be due and p~ysble tWrt,7 (30) d~U+~ att~er dem:~nd, an~ e6alt bs eecured by d. He will psy ail and sin6ular the ooete, elh~~s,nd eacpmeee, indudiaa reason:bk Lwyee~s feee, aad eosts , af abetnots of titla 3ncun+ed os patd st sqy time by ortgegae bepwee of t6e fsilure on the ~ ~ p~ iult~? to perfo~ ~a~renments aad oovenants of eaid p~o~nnieeury note and t6ls~mooE tbe Mort,~agor ~ aaa ea~penses i~nmedisLe~jr d~e aad p~ysbb snd sbalI be seeured by the lien ot~mo drt6,~e. 7. Se ~1 oontinaone~ msint;aia Lsssrd i~nranoe, oi such t~ps ortyp~ and aawuats as Mortgag~ee ma lrom time to time reqtnrs~ on the impruvemeate now or L~ereatter oa aaid prsmisee aad exoe L when ~ tor all such premiums Las tLeratofose been made nader (s) of paregra,ph a hereoi ~e will psy prom t~l'when dua an~r premiums therefor. All insuranoe shsll be carried ia oomganies sppmvec~ by biortg~g~ ~~e poli. c9ee and renewals tLereof ahall be held b~ Mortgagee md bsve sttached tLereto Zoes payable cI-iuses ia isvor oi and in form sooeptable to the Mo In eveat of lo~s Le'viii giva immediste notics by mail to Mo~sgee, aad Mort~gee my m~e groof~ ii nat made promptly by Mortgagor, aad each insur~aoe ocmpaa7 ooncerned ss hereb suthori:ed and directed to maka P4ymeat for such loas du~ectiy t~o Mor~~ instea~d oi to Mortga~gor aad ~ortgagee jointiy, and the insuranoe P~0. ~V P~ Lhereoi may be ap,p7ied by I?iort. ~agee at ita option eitLer to tbe reduction of the iadebtedaees hereby eecured or to t~a restoratwa or repsir oi the property dam~d. In event oi fo~c~ue oi thi~a mort~s~ or ot~her tranafer oi title to tLe mortgag~ed p~+operty m ezvngu~ahment of tha indebtedaees secured Lereby; sll right~ titte, and intereet of the Mor~agOr ~a aad to aq~r imsw~snoe pol~ies tLea in foroe aLall psss Lo t,he purcbasar or gsantes. 8. He witl not e~secute ar £le oi recwrd sny instrnment wSich imposes a restriction upon tha sale or oocu- paacy of the proparty deecribed herein on the basis of rsoe, oolor, or areed. 9. If tha premises, or any psrt thereo[, ba condemned under the po~rer of eminent domain, or ae~quired a tor e public use, the damages awsrde~, the proceeds for the taking oi, or the considerstion for snch a quiai- tion, W the extent of the full amount of the remsining unpaid indebtedneee eecured by this mortgage, are here by assign e c~ to t he Mortgagee, and his heirs or asvgna, and ahall be psid torthwit h to said M o r_t~agee or his aes~ g_nee to be a p p lied on ewcount of the Iset maturing ina t a l l merite o f eu c h in de btnese• provided~~ o w- ever~ the I V lortgagee or b i s sesignee, msy st his diacretion psy cLrect to th~ Mortgag~or, hia ~eirs or aaaigna any par t or a ll o f au c h aw s r d; pravi d e d, t hst i f t he loan ia gusrewteed or insured, the consent of the guaran- tor or ineurer is obtmined in ad~ance oi saidp yment. 10. The Morigagee may. at anp time pend'insg a suit upon tbis mortgs~e~~pply to tLe oaurt huving juriaciic- tion thereoi for the sp intment of a rec~ver~ and such oourt s6alt fortfiwi ~~rpomt a receiver of the premisea ~ ' oovered henby all an singular, includ'u~ all snd singular the inoome~ prufits, issues, aad revenues fmm wbst- ever aource derived, each and every of w}uch it be'u~ eupressly understood. ia hereby mortgaged as it specifically set forth md described in the granting an~ habeaducn clsusea beteof. 3uch appointment ahalt be made by such oourt as an admitted equity and a mattsr oi sbeolute right to said Mortgsg~ee~ sad w?ithont refecenoe to tLe adequacy or inad uacy of the value of the pmperty mortg~ged or to the solvency or insolveacy of said ~ge Mo r or the defen anta. 3uch rents pro&ta~ income~ issues, and revenues shall be spplied by auch t+eceiver ~ acco~c '~ng~ to the lien of this mortgage an~ the practice oi auch oourt. In tLe eveat oi any defsult on the part of the Mortgagor hereunder, the Mortgagor a~rees to pay to the Mo oa demand as a reasonable monthlv rental for the premisea an amount~st least eqmvalent to ono-twelfth of thea~r~s te oi the twelve mont]~lv instsllments paysble in the t6en current yeu plus the actual aanount oi the annual taxes, assessmenta~ wster rstee, and insuraace premiums for such peu not eovered by tLe dores~id manthly psymenta. 11. In the event of any breach of this mortgag~e or defsult on the psrL of the Mortgagc?r, or in the event that sny of said sums of money herein refen~ed to be not promptly md fully paid a~ccording to the teaor Lereoi u ~ or in tbe event thRt eaeh and every the sti ul~tione, sgr~ements conditions, and oovenants oi ssid note sn~ t6is mortgage,. are aot dulp, promptly, aa fully perfornned or i~ the Mortgagor be adjudic~ted bankrupt or m~de defendant in a bankruptcy or reeeiverahip groceedingst then ia either or sny auch eveat, tLe ssid aggre- ' gate sum mentioned in said note tLen rem ' unpaid, with int~erest accrued to that tirae, and all money secured hereby shall beoome due snd paqable orthwith, or thereatter, st the option of said I1iort~a~ fully and oomp~etely ~?s if all the ssid sums ot money were originslly stipulated to be psid on such dsy, ea~ thing ia esid note or m this mort~age to the oontrar~? aotwitl~standiag; and thereupon or thereAfter, st the option ~ of ssid Mor , wit6out nouce or demand. aurt st law or in eqwty, may be proaecuted aa ii all monevs secured hereb~ud matured prior to ita institution. The Mor rasy foreclose this mortgege~ as to t1~e amount eo declared due aad psysble, aad the said premieea ahsll~ld ta eatisfy aad psy the same together ' , w?ith oosts expenses, snd allowances. In case of psrtial foreclosure oi this mortgsge, the mottgsged premises ahall be so~d subject to t6e oontinuing lien of this mortgage for the iunount oi the debw not thea due and ~mpuid. In such cus t~e provisions oi tLis puagitiph may agaua be availed oi thena{ter from time to time by the Mortgag~ee. 12. No waiver of an~ oovenaat berein or of tLe obligation eecnred hereby shsll ~t an~ t~me therestter be Leld to be s waiver oi the terms hereoi or of the note secured hereby. 13. The lien of tbis instrumen~ shall remein in full foroe ~nd eHect during any postpoaenunt or extension of the t~ime oi payment of tbe indebtedaees or any part ther+eoi secw~ed hereby. I4. TLis mort~age~ is give.n to secure the purcheee moaey, or ~a part tLereof~ ot t6e lands henia deecribed aad ii esecuted and delivered oont,emporsneowly with the deed thercior. 15. Ii the Mortgagor det~ult in eny oi ~?e ooveaants or agreemenb oont~sined herein, or in s~id note, then a-'~ • tbe Mortgage,s may.perform the ~sme, aad all expenditures mcluding reasonsbte attorae s fces) made b the ~ M~~~ m so do~ng ~hall dnw interest at the nte pravided for in tbe principal indeb~tedness~ uid ah~l be npa able thirty (30) days af t~r demand, aad, tog~ether with interea~ aad oo~ts ~oixued theraon, ~h~ll be secured 00 by ' mortgage. . ~ : 18. Upon tLe reqneat oi tba Mortg~g~es the Mortgagor sh~II ezecute ~ad de[i~er a wppleanental note or ~ ; aotes for the sum or wms ~d~anoed by ~fie Mortgagee ior the aitention, modeeaisatioa, impmvemen~, main• teaanae, or regair of uid premisa, tor tases or a~eeasmenta igainst the wne wd for wy ottur purpae sutl?or- ± ised heraunder. 3aid note or notea ~11 be secured heraby on a pirity ~nith and as fully ~s if tl~e advenca ~ evidenced tDereby were iaciuded in tLe note first daeribed abo~e. 8sid supplemental note or not~s ahaIl heer ~ _ - ' P>. _ _ . . . _