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Home My WebLink About2276 the de8cieac,~. 3ucbp~~n c~b~U b~ mad~ withiu th}et, (3~~ dyrs attee writt~n aoLios 1e+om tAe Moet~~es . ~t~~iot the amount o[ tbe descienay~ which nOtia nu~ bs ~ep b~ auil. It aay ti~ne the M ah~11 tendee to ths Mortga~es in aoo~cdu~os with the provraw ot the nots ~scursd hereb~~ full p~ea oi the enLirs iadebtedaeM rspt+e~eated t6ereby~ the Martgages a~ truates ihaU~ ia aompuuag ths ~cnoua~ ot such indebt,ec~aas,, credit to the ~coouat ot ~6e M r sa~ credit balanos rem~ia' uadee ths provisioa~ ot oi suidpangt~ph It thers sh~ll be ~ detau ~ under ~n~ ot ~he provisioas ot~is mo~t~~ resul~ing in ~ pubGc ule oi the premises oovered hereby~ or ii the Mort~~ aoquu~es the o~h-er~vi~s aiter def~ult~ the Mortgagee as tawtes shall apply~ ths tims ot t6e oommencement ot~suc~h proceedings or ~t the tiaae the pmperty u otherwiee acquited, Ws unouat then remaining to credi~ oi Mortgagor uader (R) oi puagraph Z preceding u• credit on the interest wcured u?d unpaid i?nd the balaace to ths princip~l then remiuniag unpaid on said note, 4. He wtll pyr a11 a?~oer, ae~ermenb~, wat,ee r~?ter, aad o~Ler tal o: muda~p~l eh~r~a. ~ae~ as lmpaition~. for wbiob providon has no! bea~n soade ha~reiabetois~ ~nd~a ~w~lt tbereot ths Mott~es m~Y P~Y We rme; aad t6at Ls w~ll prompt~j? ddivec tbs offidal reoelpts L6et~e[or to ths Mort~es. a. He wtll parmit~ oommit, oe wRer ao w~ets, imp~irmeank oe detertwy?t~oa o~ eaW pe+op~t~ oeaq~r p~et thereot asoepR reaeon~bls war snd te~t• a~d ia t6s event ot tbs f~ilurs ot tDe Mort~gor to keep tbs buildla6p on ~ai~ m~wch~n tlwse to bs areaFe~ oa.aW premise~ or improvements t6~reoa, ia sood repair tbe Mortasaes m~y? ot eaoh and ~ as ia ib dLsoreLbn it may deem neoeeeary tor the per preserv~?tion theeno~ and the t~ill amount tbe liea ot tL~~ t,~.~L ~6aU bs dve and P~Y~ ~Y de~?d~ ehall b4 ~ecured by 6. He wlll pay ail and dnaulat- We aoets, aod eo~P~0. t~ascnsbk Lwyet's !ees,, and oosta ot abstesab of title, incurred or paid at aap ti~ t~or~gages 6ecause ot tbe isilure on the p~rt of t6e Mo P~'~PZ1~Y and i~y to pertona tLe a~reemeats and ocveoants of aaid promieeory note and this mort~s~e ' oosta, cbarga, aad espeaees s6nlt bs immediuLebr dus aad p~ysbls itnd aball.be Aecue+ed by the liea of t~?ia mort;,~a = ~ ' 7. Hs wiII oontiauous~j msint,ain hasard i~uranos, oi such t~ps ost~ and a4:ounts arMortgagee m~~ ; ~ time t~o time reqnire, on the impro~emeats now or he~t+e~fter on said pnmiees and ezcepti i?heppsy ~neaL ' tos all such premiums Las tLerstofore been made under (s oi pangn?~?h 2 hereoi ~e will p~y promp~1y ~rhsn : dus an~ premiums therefor. All insurance aLall bs ~ in oompanies approve~ b~ l~io and the poli- ' ciea and renew~?M thereoi aha11 be beZd by Mortgagee aad have sttsched t~hes+eto ~oes payable~auses ia isvor oi aad ia form aooepEable to tLs M In event of lose he will give immediats notioe by mail to Mortgagee~ aad Mortgages may make proofaH~ if not made promptly by Mortg~gur~ and each insuraaos oompen~ . conoerned is hereb ~uthorir~eci and directed to malce psyment for such loes directty to Mor~g~ mstead ot to Martgagor and ~ortgagee jointly, and the insuranoe prooeede, or any part thereof m~y be Rpptied by I11ort. ~agee at ib option either to tbe reduction oi the indebtedness hereb~ secured or to t~?e restoration or repsir oi f~hs propert~ dama~d. In eventi oi foroclasure of iLis mortgage. or other 4xn~er of titie to the mortgaged p~+opecty ia ~4nguishment of tbe iadebtednees sectued hareb~,-a]1 right~ title~ snd int,areet of the Mortgagor ia and to aqy insunaos policies tLen ia foroe ahall paas to ths purcbaeer or gnatae. . ~.8. He will not ~ecute or Sle oi reoord any instrumenti which impoees ~ restriction upoa the eale or occu- ~ palncy bi•the'property deecribed Lerein on tha beais oi r~roe~ oolor, or areed. : 9: If the~ premiaes, or sny part thereot~ ba condemned under t~he power oi eminent domsin, or acquired fof e? public uee , the dam es swarded t6e proceeds for the t~sbing oi, or the considention for such saquisi- q ti6~ to t~ exLeat oi the ull amount of the reanaining unpsid indebtednees aecured by this mortg ssge, are hereb~- assigned to the Mortgagee~ and hia heirs or sss~gns, snd shsll be paid forthwith to said Mo r-tgagee or his es~gt~ to be appli~ed on account of the laet mstunng inetallments ofsuch indebtness•provided~~ow- ever, th~ae Mortg e or his sesignee, msy st hie diecretion psy direct to the Mortgagor, his ~eira or aee~gns ir c any pe?rt or sll o eucL swsrd; provided, that if the losn is gwuanteed or insured, the oonsent of the gvaran- tor or iasurer is obtsined in advwce of saidp yment. 10. The Mortgagee msy~ at any time pend'msg a suit upoa tb.is mor~g~ ~ppty to the oourt hsving jurisciic- tion thereof for the ~ppointmeat of a reoeiver, and such oourt e~all fort6vint~ ~~pom~ ~ rec~iver of the premiaes covued benby sU and singular, includin~ all ~nd singular the ineome~ pro8t~~ issues, and revenues from whst- sver souroe denved, each md avery of-w2uch it be'u~g expnesly understood is hereby mortgaged ae if apeciScally ~et forth and described ia the granting an~ h~beadum clsusea Lereoi. Jach appointment shall be made by . such court aa an admitted equity and a matter oi ~bsolute rig6t to ssid Mortgagee, and without reterenoe to tLe adequscy or inadequacy of the value of tha property mortgaged or to tha solvency or insolvency of said Mortgagor or the defendants. - Such rente~ pmfits, income~ isaues~ and revenues shall be apptied hy such receiver according to the lien of this mortgage and the prsctace oi ~uch oourt. In tLe event oi any dei~ult on t~he part ot the Mortgagor kereunder, tha Mortgagor s~rees to psy to tha Mo agee on demand as s reasonable anoathiv rental for the premises i?n amount~st least equivalent to ono-tv~relith oi thea~g~ te of the twelve monthlv inatallments payable in the t6en cuneat yeu ptua the aetual amount of the aaneal taxes~ sseeasmeate~ water rstes~ and insurance preaniums for such year not covered bp the afonsaid moatLly psymeats. il. In tha event oi aay breach-of tbis mortgage or def~?ult on the part oi tLe Mortgagor~ or in the event that any of eaid sums of money henin referred to be no6 pmmpdy and fully paid sccording to the tenor hereoi or ia the event that each md every the ata'put~tions, agreemeats oonditians, and covenanb of esid note an~ this mortgag+e, are not duly, pmmptly, and fuDy pertormed or i~ the Mortga$or be adjudicated bankrupt or made defendant in a baakruptcy or receivesahip pmceedin~aS thea in eit~het or any such event, the said sggre- gate sum mentioned in ssid note tLen rem " unpud, vinth intereat accrued to thst time, snd all money eecured hereby shalt become due and psyab~orthwith, or thereafter~ at tJie option of said I?iortga~ , es fully aad oorap~etely as if all the asid auma of money were originall'y stipulated to be paid on auch day~ an,r- thing in said note or in thia mort~sge to the oontrar~ notwifhstanding; and thereupon or thereafter~ ~t the option of sud Mortga~ee, without notice or demand, suit at law or in iequitp, msy be prosecuted as if alt moneve secured hereby~ud matured prior to its institution. 19~e Mor~ may forecloee t~his mortgage, ss to tf?e amount eo declared due u?d paysble, snd t6e said premises eh~ll eold to satiaty aad pay the same tugethec with ooats ezpenees. snd allowances. In caee ot psrtial foreclosure of this mortgage; the mortgaged preraises shall be so~d subject to the eontinuing lian of thia mortga~e tor the a:nount of the clebt not then due and ~mp~id. In such case tba pmvisiona oi tbis paregrsph msy agaui be svailed of thereaiter imm tirae to time by the • Mortgagee. 12. No ~r~iver oi any ooven~nt herein or of tLe obligstion secured hereby ehsll ~t ~ny time theresiter be - held to bs ~ wr~iver of the terms hereoi or oi tbe nate secured hereby. 13. TLe liea oi this inatrument ~hall remain in fuU torce and eHect during ~ny postpoaemeat or e~tension ' , oi the t~ime of payment oi the indebtednees or any part t~hereoi secared hereby. md ; 14. Tfiis mortgage is given to secure t~he purchase a?oney~ or a par~ tLereol, oi tLe l~nds henin de~cribed f aad i~ esecuted and delivered oontemporaneoudy with the d~ed tLerefor. ~ 1 S. If the Mortgagor dei~ult in aay of the oovenanta or agreements contaiaed berein, or in said note, tLen tbe Mo ma orm the same and aU rtgagee y pert , expenditures mcluding ressonable sttorney's iees) m~de by the Mo~ in w doing s6a11 draw iat,enst at the rste pmvided for in the prineipal iadebtedness, aad slisll be F,y . b Pthis m~Y ( 3 0) d a,qs d t e r d e m i u n d, ~ a d, toge t h e r w i t h i n t e r e a t ~ n d c~ o s t s accrued thereon. shaU be secured ~ y rtg°g~°• ~ 18. Upon tbe request of the Mortgag~e tLe Mortgagor shall ezecute and delive: ~ supplemental nota or ; notes ior the sum or sums advanced by the Mortgsgee for the alt~eration, modernisntion, irnprovemen~, msin- ?3~ ; t~eaaace. or repair oi said pt+emises, for taua or aseessmenta ~gainst tha same aad for ~ny other purposs sutLor. ~ ised henunder. Said nots or notes ehaU be secured benby on • puit ~+ith and as l~lly as if tbe advanoe IV ! e~ideAOed tbereb~ were incl~ed in tbe note Snt dacribed ~bo~e. Sai~supplemental note or note~ sh~ll be~r ~ i , - ~ f