HomeMy WebLinkAbout0635 II _ ~ . ~f •~.av. ar. t ~i • I~IH ~}/~6 ~F1 rWI •~t,;~{.. • "A 't t' Y .r 1•. • ; • .
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SDd ~~IiO~AO~ pl~~Wllfr Y~ Q~! 1D~' M1Q~ ~0lr i~1~11 b0 ~tild ~ tiN 01! W
, ' ~t'i ~0 a ~ ~ ~N IIIOI'~Or.~ bORaY~Or~ ~M 1bOll~? ~!l10~b !1lid0 ~ fi
Odt~O! (b) ~ ~l ~ ~TOO~IIj i~l ~t b0 py ~MI~ ~K it~ ifM
° and insnr~aoe~~_~aitmu. ~s tbe caM m~r be; ~eo !be a~ao~ ~beoo~n~ dw and ~e,
:;~~art,~o~r Upyr t~o t6e '~~~es aq~ amonnt neoewr~ bo mste op tiu delf~e~r.~ on or b~
• date when p~yme~nt o~ such r~t~ tauca. aesessmenb. o~ insuranoe P~iunu s!?~! bs
a! any tiu~s the mort~a~o~ t~h~tti tender to the a~ort,~g~ee in ~ooord~uaos with t~e p~+ovLiona ot
,
sacue+ed hert~eh~. inll t o~ tbe entjrs indebtednees repi+e~euted ths~+eby, t1~ most~es ~il
tinY the amount' _ snch indebtsdnees~ credit to the acoount o~ ths ~nwrtsa~or all eats ma
~~pravisions oi s) ~~~sn~d$ ~bal~a~oe~r~e~nse ~in~ in t~m~dsno~ beooine o~ated bo
p
o~ (b) at~a~id~ 8 It thers
s~hnll bs a default nnder an~r oi the
~viaioAS o
tb~is m~or~t,~
snlttns in a sate o~ the praaiaes covered hereby ar if.the mart~~~ee ~~oqairea the proper
~ wiss siter deiwlt. the ~a~ee shaU app~r, st the t~ne of the L oi such p~roceedi
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' 4. :~'Lat hs wiU py? all tezes, aaessments, wster ntes. wd ather ~overanaental or mwsicip~l
llne~. or impod~ !or whic~t proviaton has nat been made hereinbefot+e, and iu dei~wit thenwf 1
sa~es aW P~? same; aad tbat he wIri ~t+o~nptb? daliver the ot~cisl ra~o~pta t6er~slor t~ the mi
~ 6. ~ Tlut he wlU psr~mit~ t~oaamit~ or auS'er no waste, imp~irmeat~ os deterlor~Noa af aaidprc
an~p~ thereos; and in th~ evant of the.fx~lnrs oi tLe ~O ]oeep the bnild~s an uid
i: and ~hose to be e:ected on said par~e~oni~es, or impr+ovem~?nb~tFier+eoa. in s
o a
l r
e
P~'. tta m
a r
t~
xosloe wch repsir~ as in ib di~an it mqy deenai asoeeear~r~
dae~~ p~y~a~~d sh~bi
ib11, an~onnt o! e~ch and avesy sact? p~ynaeat ahati be imm
- ~ t • ~ . 1.,. tl~.lt....d H~t~ snerka~,ns„
• "i - ~ > . . .
~ j'~ '~:r..- Tifat ~lw wi11 p~~ ill ~urd the costs, char~ess ~nd eocpense~. incl Y"t~s0aubk
' i~ee~. snd oosQ
~abstracts c~ titlq~~~ or ~d st ~
ttims~e b~ tlre na a~u~s o! t~
t~re pslt IlaOY~gOr P~P~Y r I~~ ~D~r
i~00NlD~llti OT N
~ ~ is~oars note ~na thi. m~rt~~e. ~na a~ia costs,~achar~e~, ,una eocpe~.a..hau t~e Lnmeajateb? aue
ab~s ~rd sh~tU bs secured by ttrs tie~t o~ this ntort~s. -
~ T. '1'hat hs wiU I~ee ths improvesaents now eadstin~ or hereaiter~ er+eeted oo the ~
~ iasar+ed asm~r be-requ~red iraa Lime to time by the mo laa b~ llre aa~~i~
casasltla, ~urd oo~tiin~ee?cies in s~cl? smounts and for ~u~
~u
ma~r be ~c+eqnired by nM
~ . and wiA P~y?proaaPtXy. ~r~ dus~ s~ Pi'~niums on aw;h iasarauos icar of ~rhkh prov
no~t beea made hsreinbefora Ail fnswrancs sha12 bs c~ed fn aoin app~roved b1 ~
the po~tde~ and re~ewaL tberso~ ~hall be l?eld blr mort ~nd ~ttached therato ba
cLuses in lsvor o~ and in iorm ~ooept~ble to the mortg~e~e. In arve~o?t oi ias he wilt ~iva i~
no~.iae b mail t~ nast~aQee, and mort,g~ee nu~y mske proof oi b~s it not ms~1e pron~Ptb? b7? ~
~nnnos eampany ooncaraed ~a hereby ~sathor~sed and diracted to make p~ment
. direetiy n~u~tgy~+es inst~d o! to mort,~ag~or snd morlt~;aqe~~intt~?. and the iasuratwe
: any ~~+eaf. m~? be ipplied by mortgs~gee st ib aptiaa eith to tl~ reda~ion c~ the ind~
nere4y ~e~urea or tn the restontion or repair of the Per~Y dama~ed. In av~t ot torrxlosu~
' martg~e or other traaster oi. titte to the morlt,~a~
propeart,~r iu isiunent oi the ind~
iecored ~aU t, titl~ sad interest oi the mort~a,~or io and to a~r poltciea the~
_ ~ shaII• pass to or srsntee. .
8. That ths ma?rt6a~ss m~?. at sW? time Pp~diQt s wft npan thL sppar ta? tbe a
• ins ari~dicttou thereof toac th~ appointmmt a~ a re~xiver, s~nd soch ~i~~~t forthMth ~
' ver oi t6e pi+emises t~overed hereb~ sD and ~~~ular L~cludln~ all and the iaoo~a~
and ra~+eaaes tran whatsvar souroe deri d, es~? and every v~ r?hicb.~t~beiuu~ exP~
stood, L hereb~ mort~~ed as if spe~ciflcalt~ set iorth and described ln the ~rsntios and habendu
ereo
bereoi and saeh reoeiver shsll I ve aU the brosd and eSective !'aarctlons and powen in
se
enttrus~ed b~r a eourt to a reoeiver and anch sppointm~t shall be made by wcb eourt as an
, eqnit,~? ind a mstter oi absolute r~6t to said mortga~e~, and withont reterenoe to tbs adequs~
~ the vslue o! the propesk~r m or t~ t6e ~olven~y or in~Wv~qr oi said
na t~
b. and tbat wci? reuts. IuqoHts. issnes. snd t~evsnues s1iaD be a ed bjr~auc~
- t~ the llea e~ this m~aae snd the pr~ctioe oi anch oourk In the a~~of any deiA
. p~s marltgagar her~ndar the Qwrt~agorsgrees to p~y to the ~ee on dems~nd as
able moathl~r r~tat ior the sn unoant at l~st equivslent to one-~~~
tw~eifth of the ~
' oi the twetve m~?tt~y b psyabte ia the then curnnt yesr p~us the ~ctwl amoisnt oi t
~ tases a~aes~a~tta, witer rates. and insurance premi~ms far sttich ye~r twR oovered by the
:.i ' , . , .
8. Tbe mortga~a~ iwrtber oovenu?b thst ahould this mort~a~e ~ad the noLe sece~red heri
eli~ible ior inaurance under tlrs National Housin~ Aet ~vit6ia 90 deys irom tbe d,
en
'~~vrttten st~tement o! any oflfoer o! the Federai Honaia= or anthari:ed ~+e
I edersl Hansin~ Commissio~er dsted aubseqe~ent to the a areea ~ time iro~m the d
' mort~'aSe. decliain~ to insure• ~aid note and this raortga~e. betu~ deamed oou~lnsi~re paroof ad
~Ii~ibilitY). the nartgx~ee or the holder ot the note muy, at fts aption, declare all sams ~eew
E inunediately due and pay~bte. ~
' s 10. That (a) in ttre event oi ~oy bre~ch o! t~i+s ~aaotp~ or deisult on t!K prut o! ths na~
(b) in the event that oi ssid sums of I
ans? maneY here n r~ia~
-ert~ed to be aot pt+omptly and fnl~y 1
.art dem~ad or notice. or (c) in the event that ea~ch ~nd e~r~ tha ati ~~ts, ~
and oovenanta oi said note and thL mort~ag~e~ sre not d~y. Proon . aad iuily pertorme~
sither or ~ay sw:h eveak the wida~ te aum meationed in ni~ttwu r~u~i
' iaterest socrued to t~ut time. aad ~i1 rno~ueys aeeured herab~r, ~luU beootne du~ aad p
yibl~Di
~
, ~ or tbereaiter, ,t the optlon oi add mortg~Bee, ~a iuUy And coinpletely ~s U all ~ the a~id awm
; e
r
e ~~~#s~~
t
i p
~ l
a
t
e d t
o b e p s
i d on w
e
h d a
y. t
hia~ ia ~ai
d note or in this mort~e to tb
n
notwi ; aad thereupon or thereatlter. at~e optjoo of said nart~s~ee, withont natioe ~
t 'wit at law or in equIb? maY be P~+o~e~ted ~s ~t all moueys aecured hereby bad matured prlar 1
~~.,tWt~ion. Tl~e mort~ee ma,~r toreclo.e thjs n,ort~s~e. as to t~e sa~unc so dec~ared aue sndp
te
i~ ' tI,he ~
pr~r?ises ahsll be ~W to a~tisfY and PsY the wme to~ether wlth coat~, expenses, aml ~
case psrEt~l forecbsure oi this nartQage, the mortgaQed Pre~niaes stuU be aald wbfect
; tinain~ lien ot thfs mort~e tor the arnount oi the debt not tlkn due sad unpaid, . In soch a
~ vis~ons oi this Para~r+?Dh aw? !~sin be availed o! ther~tter fe+om tL~ne to time by ths mort~y
~ .
~ 11. Tbst tbs mort~ajor wiD give immedjats notice by mai! to tbe mort~es oi aqy o
triwsf~, or cl~an~e d' ownershlp ot the premiaes.
° 18 That no ~r~iver a~ aq~r oavenant herein or at ths oWl~slioe ~eeured h~b~j slu~
~tte~r be held to be a~niiver oi tbe tern~s hereof or a~ the nots ~red ~ ~
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