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Home My WebLink About1474 + ..w : 7~ ti.~.: l~.~ ilw• ~a.. . ; T ..r•.~..-~ . ~ ..~.+i~+*~+ '.C{~.?'rv...-`"+rtv?-w :.e-•' .lfa ~'•rv. ^.~r.`.-.,.~.~~•.-. . - ~ ~ ~ ~ - . _ ~ i' r 4 ~ ~ ; ~ :~~i~ ~ f~ i ' t . r~ !lnes, or impaitiona. iar ahieh pravisia? has nat beea made herein6efore, ~ur?d in ~ei~ult thercoi the mort- ~ s~ee myr pV the wne; ~ad that he ~riil PraraPW? daliver the at~cial rxeip~ Lheretor to the mort~f~ee. f$ 'I'ha~ he will pernd~ ooa~unit~ or rulY'er uo waste, imp~aixti?ent, ar det~eriarxtian o! said praperty ar : an~ pRrt thsreoi; snd in the event oi the failnre ot the mo r tR? keep the buildi~?~a oa ~in premiaea and thoM to be ersctad oa uid pxemises. or improvemeab~ereon, in ~ood repsir~ the mortgagee tr~ay malue auc~? repNirs as ia i~ discretioa it msy deem ncces~eary for the proper preaervation thereof, and the ~ull aerwuat oi ~a~ch and every suich psyment ahatl be immediately due and paysble. s~nd sh~ll be secured : by the licn o! this mort,~a~e. 6. T!?st ha ~vill pay all and_ain~ulur the ~tsr ch~rg~es, ~nd expensee~ includin raswonable lxwyer's fees~ aad casts of nbatrscts of title~ incurred or p~xid at sny time by the mort~agee ~use of the failure on the par! of the mort.~a~or pramptly and fully to perforru the a~re~menta su~d covenunta of aaid prom- issory note ~und this mart~e. xud said casts~ char~~ and expenses ahali be immediately due and pay sble ~nd shsU be secured by the lien oi thia mort~ag~e. ~ 7. Ttut he viritl keep the improvementa now existina or hereafter erected on the rnartgaged property, insured as may be rec~ni~red frarn time ta time by the mflrtgsgee againat loas by Sre and othe~r hazard~, cxsuatties, u?d contin~encies in snch ~mounta and for such periods as rnay be r~quired by mortgagee, . snd will p~,y promptly, when due, any preminms on auch insurance for ~wymenL of which provision has . aot been msde hereinbetore. All insur~?nce shnll be c~rried in canpsnies approved by mortgagee and ' the polici~a and r~ewals thereof shall be he~d by mortgagee and hsve attached thereta loaa payabl~ ' • c1Aw~es in fsvor ot ~nd in form acceptable to th~ mortgagee. In event of loas he will ~ive immediate notioe by a~ail to mort~~ee~ and rnortgag~~eee may make proaf of los~ if not rnade promptly by mortgagor, and e~ch itisurauice comp~ny cancerned is hereby sutharized and directed to make payment for such loas directty to mortgagee inateid of to mortgagor snd martgxgee joi~ntly~ and the insurance pt~ceeds~ or at~y ps~rt thereof, msy be applied by mortgag~ee at its option either to the reduction of the indebfedness hereby secured or tA the re~foratian or repair of the property dam~?ged. Ia event of foreclosure of this raort~s~e or other tranafer of title to the mortgaged property in exting~iahment of the indebtednesa ~ uecured hereby, atl ri~ht, title. and interest of the mortgagor in and to any insurance policiea then in force - ahall pase to the purchaser or ~rantee. - ' 8. Tlut the mortgagee may~ at any time pending s suit upon thia~ mortgage. apply to Lhe court hav- in~ jurisdictiom thereof for the appointment of a receiver~ and auch court ahs?ll forth~vith appoint' a ra~eiver of the premises cavered hereby sll and singular. including s~lt and singular the ihc+~me; ~rofits, • is~ues. snd revenuea from whstever aource derived~ each and every ni which, it I~ing expressly under- atood. is hereby mortgaged as if specifically set forlh and deacribed in the granting and habendum clau~s hereof, and such receiver atu~ll have all the broad and effective tunctions and powera in anywise entrusted by s court to a receiver. and such appaintment ahall be made by svch eourt as an admitted equity u~d a matter of abaolute right to said mortgsgee, and without reference to the adequacy or inad- equacy oi the vitlue of the property mortgaged or to the solvency or insolvency of said mortgagor or the . deiendamts, snd that auch renta, profita, incame~ iasues. and revenuea ahatl be apptied by auch receiver according to the lien of thia mortgage and the prsctice of such court. In the event of any default on the psrt af the mortgsgc~r hereunder, the mortga~or agr~ees to pay to the mortgagee an demand aa a reason- sble monthly rental for the premiaes an amaunt at least equivalent to one-twelfth (i,;Yj of the aggregate ~ of the twelve monthly ir?etallments payable in the then current year plus the actual arnount of the annual ta?xee aasessmenta~ w~ter rstea, ~??nd insurance premiums for auch year not covered by the aforesaid . montfily gsyments. - S. That (a) in the erent of any breach of this mortgage or default on the part of the mortgagor, or (L) in the event that ~uy of said sums of money herein referred to be not pi•omptly and fully paid ~~:ith- , out demand or uotice. oi• (c) in the event that eacli ar~d every the atipulationa, agreemenS,s~ conditions, and covenants of said naEe and thia mortgage, are not duty~ pi~utnptly, and fully perfoimed; then in either oi• any suc~i e~•ent, the said aggi•egate sum mentioned in saicl iiote then ?•emaining..ynpaid, with interest accrued to that time, and all moneys secured herehy~ shall become due and payable forthwith, or thereafter~ at the optio~i of said tnoi~tgagee, as fuUy and compietely as if all of the said sums qf money ~~•ere arginatly atipuiated Lo Ue paid on such day, anything in saic~ t~ote or in this mort~age to the contrary not«•ithstanding; and thei•eupQn or thereafter, at the option of said moi~tgagee, w~ithout notice~o~• demand~ suit at la~~• or in equity, may be proaecuted as if all moneys secured hereby had matured prior to its insti- tution. The mox•tgagee may foY•eclose this rnoi~tgag~, as to the amount sa declared due ar~d payable, and the ~sid premises shall be sold to satisfy and pay the same together x•ith costs, expenses, and allowances. ~ in case of partial fo~•eclosure of this mortgage, the mortgageci premises shall be sold subject to the con- tinuing lien of this mortgage for the amount af th~ debt not then due and unpaid. ln such case the pro- ~•isions of this pai•agraph may again be avaif~cl of tl~ereafter fibm time to time by the mort6agee. 10. That tfie moi~tgago?• ~~~ill give immediate notice by mail to the martgag+ee of any canveyance~ transfer~ or change of a~~•ner~hip of the premises. _ 11. That no waiver of~ any covenant hei~ein or of the obligation secured hereby shall at any time ; , thereaftcr t~e hetd ta be a waiver of the terms hereof or of the not+e secured hereby. ' 12. That if the mortga~+or detaulL ia any o! the covensr?ts or sgreements cantain~ed herein, or~ in ssfd note, theA the mort~agee may perform the same~ and all expenditurea (inciuding reaaonable at~r- ney'a feea} msde by the rnort~agee in so doing shall draw interest at the rate set iorth in the note e~c~sed hereby~ and sh~ll be repaysble immediately and without demand b~r the mortgagor to the mart~a~ee, ~d, a together with inter~t and costa accruing thereon, sha11 be secured by thia mortgage. . • 13. That the mailing of a written notice or demand ad~ressed to the owner of re~ord of the mortgag~ed premiees, or directed to the said owner at the last address actually furnished to the mortgagee, or direct,~d . to said owner at said mortga~ed premises~ and mailed by the United States mails, ahsil be suflicient notice and derr~snd in a?ny cASe srfsin~ under this instr~ment and required by the provisions hereof or by )xw. ; ~ 14. The mortga~or covet~ants s?nd sg~reea tiast ra ton~ sa this mortgage and Lhe s~id nate secui~ed ~ hereby are insurea und~r Lhe prnvisions of th~ National Housing Act, he will not execute or file for re~ord a,ny inatrument which imposea a restriction upan the sale or occupancy of tn~ mc~t°tgaged property on the ~ ~ b~sis pf rrs~. color, or ct~ed. Upon any violation of this underts?king, th~ mortgagee may~ at its option~ ~:i declare the unpaid balance of the debt secured hereby immecliately due and ~ayahle. i ; !y i z~ ~ ~115 ~7~ ~