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Home My WebLink About2585 ~ _ _ i ~ • • Q . ~l . ; • ~r ; . • . ~ t . . . • . ~ aad in~oo~ pe+~e~imrr, as tla caM mp '~och ~ar sh~U b~ e~ditied b~ tL~ ~rt~ o~ wb~eQwnt ' pymmh ~o b~ m~d~ b0r tb~ aaoe~a~o~r.~ bo~r. t~~hi woi~th~ pya~nts~ia~ b~? tM aAOe~'oc and~ te) d pa~rap~h : pr.e.ain~ .b.n tiot b~ .nAkieut ~o py .r~aa, i~a. ana aae..menb ~ and iasasano~~~u~ ~s th~ aw m~yr b~. whai th~ sam~ ~beooan~ dw and tliea the ~ ar~a~ slytlI py to ~ aqy amount aeoeMary tio mala ny !lw de~y,~ore th~ . date w~a p~ment od ~ah jRb~r~ab. t~ca. a~nes~ts. aor insusano~ p~+animni ~a11 be du~. Ii ~ at an~ Lime !6e m~oa~ot abaq tead~ar ~o ths naort~ss in a~ooord~nos with tbe p~e~ovisio~s oi the nots •ecur~d hereb~. irtUpr~m~ t o~ th~ entire inclebtedneas rep:+e~ented th+~+eb~, ths nwY#~ajee s1uU. ;n oom- pntia~ the amonait od a~cL iadebbedne~t. credit to the aooount ai~tbe mortsa~or aU ta made under th~pro g oas a~ s) o~ p~raprs~8 cb the mo in tfie i~m aoc~m~ ~~~tai to pay to the oudn~ ~ remainin~ nlated under the pro iaiobs oi ~(b) ~ os s~id a~rsph H. Ii tbere shall bs a dei~wlt nnder i~oy ai the pa~+ovisions oi this re- J~ ~ w?iais~aiter deza~nlt.c ~ o~ the P~ahall ap . at the~t~me oi the oomm~ ea~t~~ p~a p~ at ~ . : : the time tbe pro is~i~~ a~aqNirec~the balaacemthen in tlee t~nd~ a cmaula under s ~ p a n d shall p r ~~~tist ~t ~ b hi~ch shallnha~ m~?de a~ r~ o a a i n~ i n g~a _ p a i d u n d e r - ? . d nots Per~Y ~P P~Y~ ( ) P~'aPh. ~ ~ 4. Tl~at 8e will pyr all taxa, aa~e~simenb. water rat~ea. and other ~overiuna~ntal or municipal chat~es. ~~ffna, ar intposittons, for which provision has noR been made hereinbefore. snd in default thereoi the mort- i~ ~1Y Pl1T the ~me; and tbat he will pro~npt~y deliver the officI~l reoeipb therelor to the ncort,~~gee. 6. Tlut hs will permit, oownit~ or anSer no ~raste, imp~irment~ or deterioratton of sdd ~roperty or ~ an~1r thereoi; snd in the event of the iailure oi the m rt~a~or to keep the buil on suci prem~ses ' and h~ose to be erected on eaid premises, o~r improvemenba tii -ereon. in good rep~r. t~e mortgagee m~y ~ malce such repain as in its di~cretion it ma,y deem neoeaeary for the proper preservation thereoi. and the iall aanount o! each and every auch payment ahaU be immediately due and p~yable~ and ah~ll be aecured t by the Hen a~ t6is mort~a . 6. That he wilI psy ail and f~1a~ the costs. charg~es. and eupeases~ incl reasotuble lawryer'a tees, and eosta of abetracts of litl~a~aeurred or paid st sny tiane by the mortg ~~~use of the failure on tha psrt o! the mortgagor prwn~?tly snd i to perform the agree~nents and covenurts of said prom- ~ sb~ d~ i~ecured b- het l~~en ~ tbia~mo~u~' ~d d~ill be i~mmadIately due and p~y. 7 ~+5~'~• That he will keep th~e improveaaents nov? e~cistit~ or bere~fter erectsd on the mort,~agrd P~P~Y. insnrsd asmay be reqnired lran time to time by the ~~,~e loas by flre and other hazards. casuslties. and oontin~cies in such aaaunts and for a~w u~ch perlo~s aa m~y be required by nw ;~qee. ~ be~ made h pereinbefa~e. dAD I~ r~ shsll be c~arri~eduranoe ior p~yment of which proviato~~n haa in oooap~ua approved by mortgegee and ' ths policie~ snd reae'vals there~ s6a11 be held by mort~a~ee ind have attsched thereto loss payable ' cLnses ia isvor oi and in iorm ~coeptable to the mort~ee. In evwt oi loa he will ~ive imm~diate ; . notioa by mail ~o mort~a~ee, and morlt~a~ee may make prooi oi tas ii not m~de pranptly by mort~agor. and ~ch ~insnranoe oompany eonoerned -im hereby aut,horized aad direr.ted to mske ' - losa directly to t~~,~e instead of to mortgag~or and mo P~t for auch _ anY put thereoi,n~ima,y 6e applied by mortgag~ee at its o ~ jointly, and the insurance proceeds, or bei~eby secured or to the reatontion or repair oi the ~ on ei er to the reduction of the indebtedneas mort~ or other traaater oi title to the mo I~ ~'~t oi foiYClosure of thia rt8~ P~P~Y in e~ctin,~uiahmeat oi the iedebt.~dness ~r ~hk title. ~uu1 interest of the mort~s~or in and to aqy uuw~nce policiea then in force aha~D pass to the pur~i~aaer or ~rantee. _ - ~ 8. That the mortga~ee a~Y. st tune Pendin~ a suit npon t6is most~a~e, apply to the oonrt tuv in~ ~urisdiction.thereo! !or the appoinimrnt of a reoeiver. snd such eonrt ahaU forthwith appoint a reoeiver o! the px~emiaes oavered hereby all and . inclndin~ sll and a the ineome, pro8ts, issue~„ ~ad revennes ira~an wlutaver aouroe derlv~e~ach and ev oi whic6,~being expr~sly nnder- stood. is hereby mort~ag~ed aa i! ~ ret ioarth and deecribed~ the ~rantm~ and habendum clauses he~reu! snd anch reoeiver shall Lsve aU the brcad snd effective iunctions and powers in anywise . entrus~ed by s eourt to a receiver, and auch appointment sball be made by auch court as ~n admitted eqnity and s matfer o! sb~olute ri~ht tio ssid mort~a~ee, and withant referenee to the adeqw~cy or inad- ~ equa~y ~ the vslue oi the propert,~r tnort,~a~ed or to the eotvency or inaolvency of said mortgag~ar or the defendants, said tlut such nab. Prollts. ~noome. itsues. and ra~vennes aball be applied by snch reoeiver ' ac~o~ to the lie~ o! this mort,~~e and the practioe oi such oonrt. In the event of ~ny default on the . a~e mo~n e mo r herennder the mort~a~o~~rees to pay to the mo o~ da~and as s reaaon- - of the tw~ m~~i.natillmen~U~ sable in the tthle~stcn~n~ea t t~m~-twe (ii:) o! the aQgregate taxes a~seaem~ aater ~ t year p aa the actwl smount of #he annwl P~~~ rates' and insuranoe premi~ms foar auch yaur not oovered by the aforesaid , 9. The mortga~or farther covenants .that ahould thia mor~t esnd the note secured hereby not be eligible for insurance under the National Housing Act within 3p QAY~ from the date hereof (written statement of any o~eer of the Federsl Iiousin~ Administration or anthorized sg~ent of. the Federal Houaing Commiasioner dated subsequent to the 30 ~A time from the date ot thia mortga~e, declining to insure said note snd this mortgage. be~n~~ conclusive proof of auch in- eligibilitq). the mortgagee or- the holder of the note may. at its op on. declare atI auma seanred hereby immediately due and payable. . ~ 10. That (a) in the event oi any breach of tfiis mort~e or defauit on the put of the ma~~ r~ or - (b) in the event that any of aaid sums oi money herEin referred to be not promptly and fnlly psi~v~nth- out demmnd or notie~e, or (c) in the event that each and every the ati hons, s~re~enb, conditions. . and coveaanb ~i ea?id note and this mortgsge, are not dulY. Prom~snd faliy periormed: then in • either or aay such even~ the ssid agQregate sum mentjoned Ia s~ut note thea i~namiat unpaid, with inteteat s~ocrued to t~at Lime, and sll moneya aecured herebY. shsll beoo~ne due snd p~yable iorthr?ith, or tlhereaiter, at tbe option o! aaid mortg~ee, as fulty nnd compktely as ii all ot the ssid wms.oi money were orginaUy sttpulated to be paid on such dsy.any thin~ in said note or in this mort~e to t6e oon notwithatandIn~; and thereqpon or ther~tter, ~t the option oi aaid mort~a~ee~ withoat notioe o~ de~n~ - suit at Lw or in eQuitY. nuy be proeecuted ss ii ull moneya aecared hereby had mstnred pri to ib iudi• tution. T6e mort~sg~ee ma,y foreclo~e this tno rt g a~ e, sa to the aa~ount so declared dw and ~y and ; t h e s a i d premiaes ahaU be sold to aatisfy and p~y t he ssn~e to~rther with oats. e~cpe~aes, a a~ l~snaes. I n c a s e o! p a r t L l' t o r e c b s u r e o i t h i s m o r t~ e. t h e mo rt g a~ e d prem L e s a h a U b e ~ l d s n b~~ c t to the oen- ' . . tlauint lien oi this mort~e for H?e amouat oi #he debt aot thea due and unpaid In wch c~ue tl~e pro. . visiona oi this para,~raph msy s~sin be svailed of thereaiter iran tt~ne to t~ne b~? the mortis~se. . . I . - 11~ ~525 .R~ ~ ~ . ~ . . . . . ~o~~ ~1z ~~E181~ . . . ~ ; 4: