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Home My WebLink About0349 . JN ' ~.1..0• t~~. aa ths deHcieaq~. 3uchp~ymeat ahall be a~ads withia tbir~l (30 d~ ~tter written aouos trom t~6s Mortga~es ~ ~ ~tatu,g tLs aanowi` oi t6e deQaienoy~ which. noWLe mu~ bs ~en b msil. It ~t t3ms tbe Mort4a~or ° ~hall tender to the Mort;s~es ia ~?ooord~aoe with the pro " a~the note ~~hersb~~ full pymea` + oi ths sntiro indebtedaeM ~rspre~eated t,hereb t,he Mo s~ trwses ~haU 3n ocm u rtgagee , p t3n~ ~hs amoun~ ot ~ ~uch wdebtsdaew credi` to t6s aoooun6 oi the M r~n,~ credi` b~lwos under the pro~idow ~ oi oi ~aid ph Z. It t~hers ~hall be ~ det~ der w~ ot ths provi~io~ mort~~ rewitln~ ~ in • publia s o ths premi~ea oovered hereby~ or it t6s Mor~ soquue~ tbe .propect~ of~h-en?i~s alter detault, flis Mortgagee a~ trwtes shs11 app~jr~ at the tims oi s oommeacemsn` oi suc6 proceedings ot ~t ~ the tims ths property i~ otherwies aoquired, Lhs umouA~ then semaiaing to credit ot Mortg~gor undar oi pura~rsp4 Z preceding a~ ~ crediti on the intereet ~ccured ~nd unpaid and t4e bulmce to ths pri~cipal then ~ remau?ing unp~id oa ssid nate. 4. He wW pq? ~Ii t~~oe~„ aeeewmenb. wr?l~ee rate~. sud otbee~o~aeomeatal ae muatdpal o~arsa. 6ae~, er ~ s~tha d sw~ill~v~d~ deUv~e~ t6e o6idal r~ ~t~reta~r t~o d6~s M~ereoi t6s Mo~~~es m~ Py? tlw l~'~P~Y P~ a~~ a. Hs wriU permit, oommit, or a~e~ no aas~e, innp~izmeaR a deLerto~stion ot ~id propeely oe~q~? thereo~ eoooept s+easoaabk wear and t~eas• iwd in t6~s eveat ot t6s failure ot t,6s M~ort~or to ic~eep fbs build~ oa nid m~wch ia ita discretloa i~atd pe+emisee. or impe~oveaoenh tbereon. ia aood repair tbe Most~ee my? ~P~ m+?Y ~ee~n neoeessry ior ths propes praervation thereo~ aad t~l~s full auwun! _ oi eacL aud ev~r ao6 p~yment ~11 bs dus and P~U?abls Wiet~? (30) d~y~ dt~ee demoaod~ aa~ ~11 bs ~ecured by t6s lku ot tW~ most~~e. - . 6~. He wW pyr alt and ~da~W+?r t6s oosh, ~nd ea~Peo~e~. ind~dint rarooabk 4wyee'i iee~, a~ad ao~ti abstneb of Ut1s, iaeurred or paid at aoy tiaus t~w~taaaes beoaure af We iRilwre on ths ot the M~t~o~ ;~<<~C P~'~P~Y lw.d iuqy to partoran t6s a~eesneats and oovenaats ot ~id proanieeo~y no~e und tbu~ ~acC s~id t ` y::. eo~fi, char~e~i and eameaec~ ~6all bs immsdist~e~jr dus ~nd pqraWs and d~aii bs reaured by tbe Uenm~mortp~e~ . ! _`i' ~ 'l. He t~ o~atinuoua~ maint~sin Laurd imwranos, ot snch qps or~jpes and ~mounts as Mortgages m~?~ _ ~ ~rom time to fims requirs, on ths impro~ement~ now or he~reatLer on aaid - aad except wLen p~,~mani : x:^'tor all ~uch prpomiums Las ~Leretafons beea nuds under (a oi Z bsreoi will y~ P~r~~ pa~ promp wben ~ ; dus aa~ premium~ tberator. All in.ur~aos ~Lall bs ' ia comP~ ~PPi'o~ b7 ~ wd tbs pal~ ~ia and ivnew~b t~6ereoi a4aU bs bsld b~ M~rtgsges and L~~e al4ched tbse+sto br pa'ab~wa ia ta~or o[ -''and in [otm ~oaeptable to tbe M ~a~ee. In evea~ at kar Ls ivilt gi~s immediats notics by mail to Mortg~ges, oae ~~a[ loes ii ao0 mads m vl ortgag~o~r~ and eacL msur~aos o~mpan~ ? o~ondo aed a~Larab~autboriied~taad direat~ed to m~ks ~ pent i~wMch 1o~a duectl~? to M in~t~ead ot t~o Martg~gor wd ortgagre~ jointty~ and the imnranos prooeed~. or aq~ part t~e~e+e~i my bs~~?p~' d b~ I?iorf~• ~ges ati ~ta option aitber to t~?s reduct~un oi fhs indebtedneos Lersb~ ~e~wred or to f~s restoritwn or rs ~ the prop~j dama~sd. In eventi oi foreclosurs oi t~is anortgags. or ot~Ler ~an~er oi tiUe to tbe mortg~aged ia and fo~ ~~ns~t oi t6s iudebtednee~ ~ecured he~+ebl, all right~ titis, aad inLsreet oi t~he Mortga~oe . aq~ ' policies L6sn ia foroe ~hall pw tio tbs pu=r,La~ee oe ~raates. ~ 8. He wil! noz eu~ecute or file of noord aa~ instrument wbich ia~po~e~ a restriction upoa the wle or oocu- f panc~ oi ths property described Lerein oa the basis oi nros. oolor, or craed. : - 9, Ii'ttie premiee~, or any part ~hereof, be oondemned uader ths powar oi eminent domain~ o~ ~oquired ~ ~ for a pubGc uee. the d~es awarded~ the proceeds for the ~ oi~ or the oon~idaniioa tor ~noh aoquisi- Won, Lo tha exten~ oi tha ull amovnt oi the rsmunwg unpud ' ebtednas ~scured by tbi~ martgsgs, ars hareby ae~ignal to tLe Mortgsgee, und 6is hei~ or aea~ga~, wd shall be paid forth~vit6 tp wd M-- oi his ee .to be applied oa aocount oi the Lat m~6unng iastallment~ oi ~uc6 iadsbtner• °~~ee . ever,-'tL~or~ee or hi~ asaigneei msy at hie diecration pay direct to tLe Mostga~ar~ hi~ ~e~'ur~or~~ aqy P+!rt'or all o.ucL aw~rd; provide~, that ii tLe losa i~ guacaateed or iawred, the oonseat oi !he ~ ~ tor or w~ure~r i~ obt~ined in ad~ance oi ~aid ymenl. ~ ` 10. The Mortg~ge.s au~, ~L wy tia?e pen ing ~ suit upon this apply.b the oourt luving juri~iia ~ t3on theraoi for the appoiataaenL oi ~ reoeiver, and such oourt ~sll f wzt~ ~?~paai a ra;eirer oi tbs premius ' oovered hereby all and aingular~ includin~ all and wigular tbs income, proQta, Laue~, and re~eaues trom what- - e~ar ~ouros deri~ed, eacb ~nd every oi ~uch i~ ~axprewly undantood i~ Lersb~ nwr~ged ~ it ~et lorth and dacribed in the grantiag aad lu um ciawa hereaf. ~uch appointm~t ~haU be~~~made ~by ~uch cour` u aa admitted equity and a mattss oi ab~oluts right to aaid Mortg~ges, ~nd wi~hout rsiee+~enos to ~ the adeqw~y or inadequscy oi tLe valne oi ths property mortgaged or to ths solvmc~ or insol~ea ~ ot si?id = Mo or tbe defeadant~. Such rent~ pmfib, inooaae. iMUe~~ ~nd revenue~ s~uU 6s applied by such reoeivar ~«~o~~to the 4en oi this mortgage an~ tbe practice of wch oour6. In ths event oi aay defaul~ an the part oI the Mortgag~or hereuader. ttie Mortgagor a~rees to pay to the M on deauud a~ reasonable moathlv = rental for the premiees an am~ount~a~ leas6 equiv~lent to one-twelith 1) of thea~r~~ te oi the twelve monthlj? ~ installments p~?ysble in tha then curreat ye~r plw tbe actual amwun~ oi the annual Laues, ae~e~smeats~ water : ntea, ~ad insuraaoe premiums for such year not oove~+ed by tLe afo~id mont~ily paymeata. t 12. Tn the eveat oi any breach oi tbi~ wortgage or ~default on tLLe part oi the Mortgagor, or ia tLe event ~ tbat sny oi said sums ot money henin referred to be not promptly ~ad. fuUy paid aooording Lo the teuor Leebot ' ea or in t6e eveat th~t ea~eLh and every t6e atip ul~taon~~ agreementa eondition~, and oovenanta of ~aid note ~nd ! tiw mortgage, are not duly~ PromPdy, and fully pedormal or if the Mortgagor be adjudicated banluvpt or ; made defendant in a bankrupt~cy or receioership Pm~xeding~~ thea in eitber or aay sucL eveat, fhe said aggre- : gate aum mentioned in eaid note thearem~nu?g unpaid, vnth intereat ac~xued to that time. and ail mouey ? secured hereby sh~ll bwome due and p~yable forih~rith, or tbereattu, ~t fhe aptioa pi said Mortgagee, u fully md oompfetelp as if all tLe ~aid suuu of money were origin~lly stipul~ted to be piid on such day, wr thiug ~n said note or in thi~ mort~sge to tbe oonfrar,~r not~vitbatanding; and thereupon or thec+e~tter :at the optioa oi said Mortg~ee, ~rithout nouce or dem~nd~ swt at law or ia equity~ may be prosecuted w d aU monew : secured here6y 7utd matw~ed prior t~o its institution. The Mor~q~ may foreclae this mortgsge~ as to t6e ? amount oo declared due and payable, aad tLe said preraises sh~ITbe sold to wtiJy and pay tLe oame together ~ writ6 custs ezpenses, and allowances. In caee oi partial foreclosure oi this mortgage, the mortg~ged premiees i s6~11 be so~d subject to the contu?uing lien oi this mortga~e for tbe smount oi the debt nat thea due ~nd iuipaid. . In auch caee t~he provisions oi th~ paragiaph may agam bs availed of the,reaft~r irom t~ime to tune by the - ~ Mort~a~ss. , ~ 12. No ~vaiver oi any o.~venenL Lereia or ot the oblig~tion eecured hereby sh~U any time there~iter bs Leld to be ~ w?siver ot tbe terms hereoi or of tbe note ~ecured heraby. 13. The liea oi thia iustrument shaU rera~ia ia full force and eftect during aa~ po~tponemeat or extension ot tbe time ot gayment ot tbs indebt~edner or an~ par~ t~ereoi secue+ed hereby. l4. This mort~a~e is givea to aecure the pure6aee mouey~ or a part tLereut~ ot t~e l~nd~ hereia described and is e:ecuted ~ad deli~ered ooat,emporaneo~mly r?ith ths deed t6~erefor. t 1 b. If tbe Mortgag~or dei~ult in aa~ oi t6e oove~aab or ~greemenb oontained herain~ ot in ~aid aots~ then ~ tbs Mortga$e,s m~~ pertorm the ~ame, sad all espeaditure~~mclnding nawn~bls attorney'~ fas) made by the Mo~t~agee m~o do~'ag ~Lall draw int~ea~es~ at ths nts pro ed for in ths principal indebtedae~s, and shall be ~ npay~ble thirt~ (30) d~ys atter demand~ aad, t~ogetber ~rith iateres~ ~ad ooat~ aocsdbd the~e~eoa~ s6alt be aecured ~ b~ wi~ mortgags. - ; 16. Upon eLe reque~t oi tbe Mortgs~es the Mortgagnr s~all esecute and deliver a snpplemeatal note or . note~ to~T tlbe aum or sums ad~anoed b~ fbe Mortgag~ee tor the dteratan, modernisutioo, improoe.~neat, m~in- t~eaance, or repair ot s~id premi~a, for taxes or a~sa~eata ~gainst the ~soae and for an~ other purpas author~ ~ ised bereunder. Said note or note~ ~h~p be ~ecured 14ereby on a p~ari~t~r with aad as tuU~ u it tbs sd~aaes' ? e~ideROed tLereb~ wera ia~clluded ia tbs note fust dac~~ 8aid p'~° t~l sro~e ot~ nota ~hsli beae ~ ~a eO~K IRCE~~,7 •h ;