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Home My WebLink About1983 i~. r ' Mr . f r ~ ? the de8ciena~. Sqc6p~rm ea~ ~haU be au~d~ withip iAiK7 (30~d~ ai~ee writt~en aoLios fe~n tbe Mo~ ~tatin~ tbe nmoua~ oi t6~ de8cienc~, whiah notiw au~ bs ee~ b~ m~il. It at aq~? tim~ ~hs M ~6~11 tender to the Mortgages in aooordwcs with the provisan~ ot the nots ~ecured harob~. tull pymeno . ot ths entirs iadebt~ednas repe+e~ented t6ereby~ tbs Mocsg~ges ~ trustes shaU. ia computing tds amouat ot wch indebLaiae~s, cz+edit to the aoooun~ oi ths M ~ credi~ bal~aos ren?aiaw' g~uadar tbs pr~vi~ioiu oi (a) oi saidpuagr~ph Ii there ~6~11 bs a det~der ~a~ oi the provi~iow ot t~his mortgags resulting ia • public ~ale oi the pnmises oovered hereby, or ii the Mortg~ee ~oqwres Ws property oWerwiss dter dei~ult~ ths Mortgages as Uvstee shall ~pply~ ~t t~he time oi tfie oomtneacemeat oi such procaediags or ~t t6e time the prupeMy is othenvise soquired~ the amoun~ then nmsining to credi~ oi Mortgagor uader (a) ot para~?pb 2 precedu~g sa ~ cndi~ on the interest aocured ~nd unpud ond the balaaoe :o the priacip~l then remuning uapud on aaid no~e. 4. He wlU pyr ~D ia~ee~. ~erm~t~ wut~ee tat~e~ aod ot6ee~ rar~mental a mua[eip~t 'eh~e~a, 6ae~. ~ ~ ad t6st l~s w111 p~eampf~r de$~~ee o6dal re~~i~ t6e~tefor t~o ths Most~ ~s Mortp~es my? P~U? ~ 6. Ss wi11 permit, aaomit, a~ wQee no wa~s, lmp3rmea or dstedoistio~ at ssi~d prope~j oe t~6ereot - ~ ao~oep~ raronabk weat and t~r and in tbs evmt ot tLs i~ure oE ths Mosf~or to keep ths bu~ on at~ ~ peecniee~ Rnd tbo~s ~o bs ee+ecte~ on ~aid pe~u3ees~ o~ improvementa t6ereon~ ia ~ood repair fhs Mortaaaes m~ ct eaoD aad e~ ~ in its dl~orstia~u it m~?y deem neoeeeary ic~t the_~e+~pe~ prese~vation L6ei+eo~ and tbs full amount tbs lie~ ot tLis~m~ozt ~t a6a11 bs dus and p~,y~b~s thiet7? (3u) d~ys ait,e~ da~~ad, sa~ ~6aU bs ~eaured by d. He wlll pny all and dnsuL~t tbs oah, aad eacPe~e~. indwlin~ rasonuble b~ye~'i iee~ ~~nd oosv - oE a6stracta oi titts, inourred or p~id at aay tdcael~ortg~~ee because of tbe Iailurs an tbe pat at the Mo~rtaa~oe _ . peampt~y aad to peiform tLs a~r~ea~enh ~ad oov~ant+s of ~id proanieeozy not~e ~ad this mo , and eaid ~ ~t+, ~~t'6a, ~6aU bs iao~medist~e~jr dus aad p~yabls and dull be eecured by tbe l~ea oE~mort~~s, ; ~7. Hs w~l ountiauou~ maintain Lasard i~uran~, oi sucL tjps or t~pes and amounts a Mortgages au? ti+om tims to tims req~ on tbs impro~ement~ now or Le~+e~iter on ~sid ~ad ssoep~ when pa,ym ~ tor alt such preminm~ h~ tbee+etofors been made under ~(~t) oi para~,s~ a Lereoi will dus an,~ pnminms tLezetor. All insuranos.~LaU bs carried in o~Pun~ aPPro~ea ~b~r I1~ p47 P~O~'?P~ ~ and cies aad renewab t~hereoi sLall be Leld b~ Mortgages and h~~e ~Ltached l6ereto lo~s payabi~e in ia~or oi and ia form aooeptabls to t6s Ma~~ Ia svent at los~s he wiU give im~edia~e =rotsoe b~ mail to Mortgsgee, - and Marf~my make p~+ooi o ii not made prompt~,~ b~ Mortg~gorj and each msunnos o~~pan~ ~~onoeraed 'u wtbori:ed and direated to make payment for wch bas die~ect.~ to Mor~a~ee ~nst~d oi to Mortgagor and ~crtg~ges joint,b, aad ths i~usanoe Prooeeds. or aq~ Pae~C there~f ms~ bs ap- ptied by 111orF ~ gages at it~ option eitber to the rednction oi the indebtednees bereby ~ecund os to t~s restontioa ar:+epair oi tLe prope~rt~ d~ma~ed. In svent oi foreclosurs of fLis mortgags. or otLer tranaier ot titie to the mortgaged . ia ~~~~uraa~t oi the indebtednees securad Lereb~,-all righ~, title, and interesti oi tbe Mortgsgoe aq~ ' policie~ then ia toroe s6all pass ta ths pnrcb~set or graates. 8. He will not execute or file of reoord aay iastnuneQt which imposes a restriction upon the esle or oocu- pancy oi the pmper~y described he~rein on t6e b~sis of r~ce, oolar, or creed. 9. If the premiees, or anp part thereof, be oondemned under the power oi nmineat domain, or acquired for a public use, the d es ewerded. the proceede for the takiag of, or the oonraderstion for such aoquiai- tion, to the eztent of th~ull amovnt oi the remsining unpaid indebtednea~ eecured by t~ie mor , are ea hereby aesigned t,o the Mortgagee~ and his heira or aes~gae, snd ahall be paid forthwith to said ortgagee or hia ee w be spplied on ~c~oonnt of. the last maturing inat~allments of auch indebtuees• provided,bow- ever, th~ortgsgee or his assigaee. may at his diecretion pay direct to tLe Mortgsgor, his ~eirs or aseigns any part or all ofeuch award; pmvided, thet if the loan is gw~ranteed or iasured, the oonseat of t,he guaran- ~ tor or ia,surer is obtained in ad~unce of saidpayment. 10. The Mortgagee mr?y, ~ti any time ~en 'ding ~ suit upon this mo~~gy~ ~pply to the court lu?ving jurisdic~- tion thereoi for the appointment oi a reoeiver~ aad auch oourt sh~ll fort6vnt~ a~pomt ~ t+eceiver of tLe pnmiaea oovered hereby all and singul~r~ iaciudin~ all ~nd dngu2ar the iaoome. profit~. ~ssuer, aad re~eauea irom wh~t- ever ~ouroe denved, each and every o! w}ucb it be~'ng exprasly undentood is L~by mortgaged as if speeificaUy ret torth and dacribed in the gcanting m~ habeadwn clauses Lereof. 3uch ~ppointment rhaU be made by ~uch oourL ~is an admitted equity and a aaatter of ~beolute right to said Mortgagee~ aad vrithout referei?ce to the adequacy or iaadequacy of the valne oi the property mortgaged or to the wlvet?~y or insolvency of s~?id Mortga~ r or the deteadants. 3uch rents pmfite, tncoma, iesues, and reveaues ~hall bs ~pplied by such receiver ~ accosd~ -'ng~ to the lien of this mortgage an~ the practice of such oourt. In t1~e event ot any det~ult on tha p~rt of the Mortgagor hereunder~ the Mortgsgor a~rees to pay to the Mo oa dea~wd as a reasoaable montlilv natal for the premiaes an amoun~ at least eqwvalent `o one-twelith oi thea~r~a te ot the twelve monthlv inatallmenta payable ia the t6en cutrent yeu ploa the actual ~?ount oi the annual taxes, aseesements, w~ter ntes, and insuranue premiums for such year no~ oovered by the atoresaid moaililp g~ymenta. 11. In t6e event of aay br~ach oi tbia mortgage or defsult on the part of the Mortgagor~ or in tbe event tLat any of said sums oi money henin refen~ed to be not promptly and fully paid socording to the t~enor Lereof or in the event tLat each ~nd every tbe stipulstions, agreementa oonditioas, aad oovenu?ts oi uid note an~ mad defendant in a baalc u~ p~mpvy~ aad fally periormed or i~ the Mortgagor be adjudieated ban{crup~ or ptcy or receiverahip pco~~eedings; then in either or any suc6 event, the uid aggte- gata aum mentioned in said note thea rem ' unpud, w?t6 intereaL accrued to thst tirae. and i?li money eecured hereby ahaU, become due and psyab~orthwith~ or thereattet, ~t tl~e option ot s~id I~iort,ga~ee, as fully wd compietely as ii a11 tha said sums oi money ~rere origiaally stipulated to be paid oa such dsy~ an,r- thing ia said note or ia this u4ort~ag~e to t~e contrar~? notv~rithstanding; and thereupon or t6enaiter, at the uption of sa~d Mortgagee, without aouce or demand, suit at l~w or in equity~ may be prosecuted as it all moaevs aecured hereb-y~sd matw~ed prior to ita institution. The Mo may foncioee this mortgage~ as to tbe amount so declu~ed due and p~y~ble, and tha said premisea ahaU~ld to aatisfy and puy tLe same together ~rith cuete espenees, and allowances. In csee of partial toreclosure of this mortgage, tLe mortgaged premises shaU be eo~d subject to t6e continuing liea oi tLis mortgage for fhe amount of the debt not then due and-iuipuid. In such caee tbe pmvisions oi this paragraph may aga~a be svu~ed ot tbereaiter fmm time to time by the Mortgagee. - ' . 12. No w?uver oi an~ ooveaaat benin ot oi t6e oblig~tion ~ecwbd 6ereby sh~ll at any time there~iter bs Leld to be a waver oi the terms het+eoi or oi tbe note secured Lereby. 13. 1Le liea of thi~ uutsument shall reraaia in fuU force and e.~ect during any postponetaent or estension ot the time oi p~ym~ati of tbe iadebtedaees or say put tbereoi secured Lereby. 1~. 1'6i~ mort~ag~e is given to secure tbe purcLaee money, or a part thereoi, ot the land~ huein described and i~ asecuted and delivered oontemporaneuusly ~vitb the deed thesetor. . 15. Ii the Mortgagor def~~lt in any of the ooveaants or agreementa oo~ntained h~rain, vr in said tiote~ then expe tbe Mortg~gee may per[orm the same, aad aI[ e,xpenditures uicluding reason~bie attorney's fas) made by the M ~a~ m w dou'~g ahall dnw intereat at the nts provi ed tor in the principal iadebtedneas, ~ad sh~ll be repa~~y a-b7s tbirty (30) days dter dema:?d, aad, together ~vith interest and costs acerued tbe~+soa. ~haU be aeeured b, Wi. mortg~ge. ~ . l8. Upon t6e request oi tLs M~ tbe Mortga~~r shall ezecute aad deli~er ~ wpplemental aote or aote~ fo~ the wm ar wms ~d~anoed b~ Mortgsg~ee tor tba alt~eratioo, mode~aisation, improvenoe~~, main- teoanoe, or rspair o! said prsm»es, ior taus or aMawneats agaiost ths s~me and foe aa~ ot~er purpo~s wehoe~ ~ i~ed L~eunder. Said nots ~ nota ~6aU be ~scue+ed hereb~ ou •~an t~ rrith and ~ tuU~ ~ if the ~d~anos ~~idenoed tLersb~ wers induded ia? tl~s note Srst dacribed abo~s. ~id wppleaae~tal note or mw i6al1 bear - - o.~~ ~.11 «~E~7~ BOJK _