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Home My WebLink About0570 i ~ . . . .s . . /1_ ~t~ Qf ~st ~.s . ~ . . . .;r , . . - , , • ~ ¦ - ~ ~ .~+JMI~»M:Wi-i~~rV.f4+?i~ t'?L"~..'v~a '..ti,.•'t~. 4.*~-~ - . . `a~'a"'' 1 1 ~ ~ ~ ~ i _ . • ~ . lfna, or impositions. for which proviaton has not been tna@e h~+el~betore~ snd in deisult thereoi the mor~ ~ as~ee myr pr,y? the su~ae; u~d thst he wilt prannptly ddiver the ot~kiat re~eip4 Lherefor to the mort~~ee, ; b. Tliat he w~ill permit~ oodnalil, or suR'er no waste. i~p~irmsnt~ or det~rjontion o! sa;d pwperty or ' aq1? pztt thereo~i; and in the e~vant of the tsilun o! the n~c?rt~a~or to kcep the buildin~s oa wia premisea and tt~o~e to be eracted on wuid premtses, or improvements thtreon, in ~ood repair, the mort~ee m~y n~aka suett repi?irt as in its di+~cretion it ma,y deem neceasary for the proper preaervation Lhexeoi. xnd the !'ull amount o! e~ch aind evexy sueh p~yment ahsll be immediatety due and payable, and shall be aecured • by the lien of this mart~~e. 6. That he will ps,y all ~u~d sin~uU?r the casts. char~ and expenses, includin~ reasoruble I~?wyer'a ieet, and couts at abstra~cts o~ title~ incurred or psid at sny time by the mortgagee because of the failure ' on tha part o! the mortg~or promptly and fulty to perform the ~?qr~ementa dnd covenants of as~i@ prom• ' isrory note ~d this mort~s~e. ~nd ssid caeta, char~ea~ and expena~ ahall be immediately due s~nd pay- able and shall be e~cured by the lien of thia mortga~, 7. That he w?ill keep the in~provements now existing or hereatter er~cted on the mort~ed pmperty, in~ured ~a n?a~ be required irom ti~rne ta time by the mo sg~ir~at lasa by fire and ather h~?zards~ castulties. ~?nd contingencies in aur.h smounts and for au~rioda as may be required by tnortgagee. and wiA pxy promptly. when due, any premiuma an anch insura~nce for payment of which provision has not been msde hereinbefore. All insurxnce ahall be caxried in aarnp~nies approved by mortgagee and ~ the policie~ ~?nd renewsla thereof sl~ll be held by mortgsgee and have attached thereto loas payable clsuses in favor of ~nd in farm ~tc~cept~ble to the mortgx~ee. In event of losa he wil! give immediate notioe by mail ~a mort~a~ee, and m~rtgagee may make proof of loaa if not made promptly by mortgagor~ and es~ch insurance comp~ny concerned is hereby suthorized and dixected to make gayment for such laas directly to mort~a~ee inate~d of to mortgagor a~nd mortgagee jointly~ and the in~urance proceeda. ox any part thereo~f~ may be ~pplied by mortgag~ at ita aption either to the rede~ction of Lhe indebtedness hereby s~cured or to the reatoration or repair of the prop~rty dam~ged. In event of foreclarure of thia . mort~e or other tranafer oi title to the mortgaged prnperty in extinguishment of the indebtednesa ~ ; secured hereby, all ri~ht~ title. and interest of the mortgagor in and to any insarance policiea then in foree ~ sh~lt pass to the parchaser or ~raatee. 8. That the mortgagee may. at any time pending ~ svit upon thia mortgage~ apply to the cot~rt hav- ~ ing jurisdic~ion thereof for the appointment of a receiver, and such court ahall forthwith appoint a ~ receiver of the pzemiaea cavered hereby sll ~tnd singulatr, incl~ading All snd aingular the income. profits,, ~ issues, and revenqes from whatever soarce derived~ ea~ch and every of which~ it being expreaaly under- 1 stood. is hereby mortgaged aa if speciRcatiy set forth aad described in the granting and hsbendum clauses ~ hereof, and auch receiver ahall have aDl the broad snd effective functiona and powers it~ anywi~e ~ entrusted hy a eourt to a receiver, ~nd such appnintment shxll be made by such court aa An admitted ~ equity and mstter of ~baolute right ta sa?id mortgagee. and without reference to the adequacy ar inad- eqwicy of the vatue oi the property mos~tgitged or to the aolvency or insolvency of aaid mortgagor or the ~efendsntati and t~?t such rer~ts, pmfita, income, isaues, snd reveneae~ shall be applied by auch receiver ' ~?ccording to the lien of thia martgage and the prsctice og such court» In the event of any default on the ~ part of the mort~gor hereunder, the mortgagor agrees to pay to the mortgagee on demand as a reason- t atble monthly rentat for the premises an amount at least eQuivalent to one-twelfth of the ag?gregate I- of the twelve monthly ina~tallmenta payable in the then current ye~r plus the actual amount of the annual ~ , taxes as~ssmenta~ water ratea, und insurance premiums for such year not covered by the aforesaid . f mont,~lY PAYm~~. ~ 8. fihat (a) in thN e~•ent of any hi~ach of this mortgage oi• ciefault on t}ie part of the moz~tgagor~ 02• ~ (v) in the event that any of said sums of money he2~ein refe2•red to be not pi•omptly and fully paid ~~:ith- ~ out demand or ~io~ece, or (c) in the event that eacli and every the stipulations, agreements,-conditions, 1 and ~ovenants of said note and this mortg~ge. are not du1y, p?~umptly, and f~~lly perforrned; then in ~ either or any sueli e~•ent~ the said aggi•egate sum mei~tioned in said ~iote then i•emaining ur~paid. with ~ interest acci•ned to that time~ and all moneys secured hereby, shall become due and payabie forthwith~ ~ or thereafter, at the ap:iott of said rnortgagee. as full~~ and cnmpletely as if all of the said sums of rnoney ~ ~~~ere oi•ginally stipulated to be paid on such day~ anything in said note or in this moi•tgage to the contrary ~ notu•ithstanding; and thereupon or thereafter, at the option of said moe~tgagee, ~~~itho~~t notice or demand, suit at larr ar iii equity. rnay be p~•osecuteci as if all moneys secured hereby had matureci prior to its insti- i tution. The mortgagee may fo~•eclose this mortgage, as to the amount so declared due and payable, and the said premises shali be sold to satisfy and pay the same together H•ith costs. expenses, and attowance~. In case of partial foreetasure of this mortgage. the mortgagec~ premises shaU be sold subject to the co~n- ~ tinaing lien of this mortgage for the amount of the debt not then due and unpaid. ln such case the pra ~~isions of this paragz•aph may again be availed of thereafter fibm time to time by the mortgagee. ! 10. That the mortgagor ~~•ill give irnmediate notice by mail to the rtwrtgagee of any canveyance, ir~nsfer, or change of o~e•nership of'the premises. ! il. That no waiver of any covenant herein or of the obligation s~cured hereby shall at any time ~ thereafter be hefd to k~ a waiver of the terms hereof or of the note secured hereby. 12. That if the martgagr~r d~fault i~ any of the covenants or agreementa r.antained herein, oi iaa a e~aid note, then the mortgagee m~y perform the same, and all expenditurea (including r~,asonable attpr- ~ ney's fees} ma~de by the mortgagee in so doing ahall draw interest at the rate set forth in th~ note secured . hereby, aad ahall be repayable immediately and without dernand by the mortgagor to the martgagee, ~i, t together with interest and costs accruing thereon, shall be secured by this mortgage. ~ ~ 1S. That th~ mailing of a written notice or demand addresaed to the owner oi record of the mortgag~ed ~e ` premises, or directed to the said owner at the last addreas aCtuslly furnished to the tr?ortgagee~ or directed ; to asid owner at said mortgaged premises, and mailed by the Unit~d States mails, ahatl be su~icient notice ~ und demAnd in any cas~ arisin~ under this instrument ~nd required by the provisions hereof or by Is~w. = - ~ 14. The mortg~gor covenanta and aQreea that so Inng aa thia mortgage aad the aaid not~ aecut~d • hereby ate ingured under the pravisions of the National Houaina Act~ he will not execute or file for recifr'd ~ny instrument which imposea a r~striction upon the sale or occup~ancy of tne mortgaged property on ~he basis of race. color, or cr~ed. Upcrn any vialafiion o! thia undertr?king, the mortgag~e+e may~ at its option, ± declar~ the unpaid balance of the debt secured hereby immediately due and ~ayable. i 4 i t Et ~ ~W11 , . _ ~ ~ ~i •