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Home My WebLink About0799 !4 ~ ' ~ A ti- . , . .\.r r1~ ? r ? ~ . ~rF~' .a.,,~~1~j~ .NrV C 1 Ni'1. ~.~~~r r't K.:f?, ~ y., . r ' ~~y.w: Y.-- . . . .~a~rw ~ ' . ~ a `I ! , Ci , ~ ,y . 1 ~ _ " 11n~, ar iml~odti~oe~. tor ~rhich Provi~ioa 2us not bsen made l~reiabeiore. and i~ dexault lhenwf the mort- ` Sa~es mW p~l' t6e aame i~1 that h~ ~vill P~P~Y deliver the oQk.i~l reoeipb therefor to the mort~a~ee. g. ~t M will permi~ canmit, or suQer no waste. inaptiirrn~nt~ or deleriorstion of said propeMy or • ~ pat~t ~tereoi ~ snd in the e~eat of the failare of the mo r to kcep the buildings on asid prem~ses ~ th and thc~e to b~ ere~ted on said premiiaa. oi' improvements enon. in ~ood repair. the mort~age~ m~l? ma~e w~h rrep~ira ,w,~ in ib disct~tia~t? iL may d~em ne~~y for the proper preservstioa thereof ~ snd tfie ~ full amount oi ewch ~nd ev~`Y ~~xh W~Yment ahall be immed~utely due and payable. and shall be secured by thc lien oi this mortp=a~ - ~c d. 'T'f~at he will pa,? all and_ dr~nuu' t!?e coats. char~es, and e~cpenaea. including rreasa~nsble lawytr's n f and aosta of xbstracb o! t~tle, iacnrt~ed or psid at any time by thc mo~-t~~g~e because of thr fsilure o~e p~ ~ tM ~porl~~or prumptly and full to p~rtorm the sgn~rments and covenants of aaid prorr3- i~ry not+e and this mort,(~a,~e, and said costa, c ar~es~ and e~cpenses ahail be immedistely due urd p~y- able ~utd at~all be secwrod by the lien oi this mort~e. ~ ~ 7. That be wiU kee~ the it~provemet~b uow e~ciatin~ or heradter erected'on the mort~~ged prnpertY~ inswred ~sm~y be xequu~ed irom time to tirne by the mo a~ins! losa by Rre xnd other hazards~ i' c~swlties, and contiug~ncier in such ~nnounts snd for a~periods s~s rnay be required by mortgagee. # u?d ~vill p~y ptty. ~vhen due, u~y prer~?iums Qn auch insurance for pa,yment of which provision has a,~t been ma~herainbefore. AU insuruice shall be curied in co~npanies approved by mort~agee and ; the policies and renewals Lher~of shall be held by mortgagee snd hsve attached thereto lasa payabie ; clavse~ in iavor of and in lorm acccptable to the mortga~ee. In event of loas he wili ~ive immediate ~ notioa b~r mail to mort~agee~ and mortea~ee may mske prooi of losa if not made promptly by mortgagor. t. ~nd,e~h ;nsur~?,oe ,cannpa?ny concerned is hereby ~uthorized and directed ta make paynaent for such loss directly to mort~a~ee inatead of to mort~agor and m~rt~agee jointly, and the insurAnce proceeds, or - snyp there~i~ m~?y be applied by mortgag~ee at its aption either to the reduction of the indebtednesa he~reby secnr~' or to the reator~?tian or repair of the propertY dunsSed• In event of forecloaure of this mort~s~e or other trsnsier of title to the mortgsged property in extinguishment of the indebtedn~a secured hereby. ~11 ri~ht~ title. and intereat of the mortgagor in and to any ~nsurance poiicies then in• force shaU p~~ss to the parchaser or ~rantee. ~ 8. That the mortg~, ma,Y. at any time pending s auit upon thia mortgsS+e, xpp1Y to the court hiv- in;~ jurisdictioa tl~ereof for the appointment of s receiver~ ~nd such oourt ahall forthvvith appoint s receiver of the premiaes covered hereby all and singular. includin~ aU and sing~ular, the income. profits, issues. and r~venues lran whatever source derived~ each and every of which, it being expreasly under- stood. is hereby neort~aged as if specificslly aet iorth snd described in the granting and hsbendum clauses hereoi. ~nd such rtxeiver shall have all the bran d and eRective functionx and power~ in anywiae . reo ~ eAtrusted by s+court to s receiver~ and anch uppointrnent shall b+e m~de by auch eourt as an admitted equity su~d s matter of abaolute right to aaid mortgagee~ and without reference to the adequacy or inad- equscy of the value of the prnperty tnortgag~d or to the aolvency or inaolvency of aaid mortgag~r or the defendarita, snd thst such renta. protit~, income~ iaaues, and tevenues ahall be applied by such receiver sccord' to the lien of thia mortgage and the pr~ctice of such court. In the everit of any default on the psrt of~e mortg~g~or hereunder, the mox~tgagor agrees to psy to the mort~agee an demand aa a reason- ~?ble monthly rental ~or the premisea an amount at leaat equivalent ta one-twelfth (;~Z) of the aggregate of the twelve monthly installments paysble in the then current yei?r plus the actual amount of the annual ~ taxes asseasmennts. water ratea, and insurance premiums for such year not covered by the aforeasid - aaont~Iy gxyments. . 9. That (a) in the e~•ent of any breach of this moi•tgage or defauit on tlie part of the mortgagor, or (L) in the event that any of said sums of money herein referred to be not promptly and fuliy paid ~4ith- oat demand or uotice. or (e) in the event that each and every the atipulationa~ agreements. conditions. and covenants of st~id note and this mortgage~ ai~e not duly. pr~umptly, and fultv performed; then in either oi• any such erent, the said aggregate sum mentioned in said ~iote then remaining uApaid, with interest accrued to that time. and all moneys secured hereby, shall become due and payable forthwith~ o?• thei~eafter, at the optioi~ of said moi~tgagee, as fuil~~ and completely as if all of the said sums of money ~~•ere drginally stipulated to be paid on such day, anything in said note or in this mortgage to the contrary not~~ ithstanding; and thei~eupon or thereafter, ~t the option of said mortgagee~ a~ithout r?otice or demand, ~ suit at la~~• or in equity, may be prosecuted as if all moneys secured hereby had matureci pi°ior to its insti- ~ tution. The mortgagee may foreclose this mortgage, aa to the arnount so declared due and payable. snd ; the said pi~emises shall be ~old to satisfy and pay the same together With costs, expenses, and allowances. In case of partial foreclosu~~ of this mortgage. the moi~tgagec~ premises shall be sold subject to the con- tinuing lien of this mortgage far the amount of the debt not then due and unpaid. In such case the pra ~•isiona of thia paragraph msy again be availecl of tliereafter from time to time by the mortgag~ee. ' 10. Tltat the moi~tgagor ~~•ill give immediate notice by maii to the mortgagee of any conveyance, transfer~ or change of o~~•nei~ship of the premises. 11. That no waiver of any covenant hei~ein or of the obligation secured h~reby shal! at any time ' thereafter be held to be a waiver of the terms hereof or of the note secured her~tby. 12. That if the mort~agor default in any of the covcxuitnta orag enta containeti herein, or in ssid note. thea the rnortgagee may perform the gatne, and all expen id'turnes (including reasonebte attor- neq's fees) made by the mortga~ee in so doing ahall draw interest at the rate set forth in the note secured , herebq, and ahall bs repayabie irnrnediately and without demand by the mortgagor ta the mortgagee, and, ~ tosether with interest and costs aecruing thereon, ahail be aecure~ by this mo~rtgage. . 1S. That the mailing of a written notice or demand addresaed to tbe owner of record of the mort~aged ~ premisea, or directed to Lhe said owner at the tast addr~ss actually farnished to the martgagee, ar directed to a~?id owner at said mortgaged premises, and rnailed by the United Statea maila, ahsll be sufficient notire ~ a~d demand in any case arisin~ under this instrument and reyaired by the provisions hereof or by Lw. 14. The mort~sg~a?r ~,rov~ta and agrees that so long aa thts mortg~ge r~d the aaid ~ote e~ecured ~ h~r~by are insured under the proviaiona of the National Housins Act~ he wiA not execute or i~le for record ; u~y inetrument whieh impo~es a reatriction upon the sale nr occupancy of ti?e mortgaged property on the ~i basis of race, colar~ ar creed. Upon any violation of thia undertAking, the mortgagee may~ at ita option. ;i declarc the unpaid bealance of the debt secured hereby immediately due and payable. ; ; ~ ` ~~K ~.1.4 ~.g7 *