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Home My WebLink About1486 .-r. r i F~ ~ 1~. w.i l~.~ ~1~ ~.t..• ~..y. A, (~1 1t .-Y,.~+ i. ~ . ~ • ~ • . . , ~ ? r~~a~+r~'+.~M•.\.'~n~ a ~ .~-++ri~+e4.Waw._+a ~ ~ ~ • l~t ? y • ~ * ~ a` ~ ~ : ~ ~ 7 . ~ ~r i ~ ~ ~ M - ~ ar l~npositia?s. ior whkh provisio~ lus noR bMa madt b~tab~or~, sod ie driault ttr~reoi the mar~ my? p~J? th~ ~aen~; aad tbat h~ wiU pra~npt~,jr d~livar tla aAki~l r~oeipts thtrefor to the usort~ee. b. Tfi~?! iw wiU p~remit~ eoa~rnit~ o~r ~u1[~r oo wad,e~ iaa~r?irm~at, or dat+wrja~r~?tio~? a~t ~~id~r r or fi : ar~r thwo~i: and i~ t~ ewdt oi the fa+lnrf oi the to kesp tha bnlld~n~s on a~~ia pr misa aa~d ~ Lo b~ er~ected oa s~id premi~ea. o~ improv~nen~L~ In ~ood r~ir~ the nwrt~~ mi?Y ma~e anah rep~ain ar in its djs~x~etion it may dee~n neae~tar~? tor the proper praservation ther~oi~ and tha !nll atnvuat ai e~ch and ~rver~? sw:h p~ymeat sball be immedistely due aad payaWe, ~utd ahall be secured . by the li~ ~ this mo~rt~a~. 6. Thst he ~?iU psy sll snd sin~ulax~ t6e catt, char~ec, aYrd ~enpeases, includir?~ reaaor?abk lawyer's iee~, and costs of abatra~cts o! Gtk~ ~ncurrbd or p~id st any tirne by the mort~ee becsuse of the isilure on the p~rt oi tbe mort,~s~or promptly and fully to pertorm the aQreemeats and covenants of ssid prom- ia~wr~? n~a~te ~?nd this mor+t~a~, and aaid costs. char~a~ and expen~rea ahall be fmmediately due aad pqy- abk sad shall be secured by tGe lien oi this mort~a~e. 1t?st he wil! kee~ the improvements now existin~ or hereafter ersct~vi an the mort,~a~d proPertY. inswred asm~r be requu~ed irom tiiae tu time by the ma~ s~a~ ast la~s by fire and other h~?sards, qswltaas~ snd ~ontin~encie~ in sueh ~ernounb snd ior suc~i ~riads ae msy be required by mortg~eer and w?ill p~yp ptly, when due, at?~r premiums on such insuraaoe ior ~xyment oi which provision h~ nat beQa m~?de h~erei~ebefore. AU insurance shall be curied in oanpaaies a~pproved by mort~ee and ~ the po~icier and renewaL thenwf shall be held by mort~sQee ~uad luve attuhed thereta Mss paysble " clsuser in favvr oi aud in iorm soceptsble to the mort,~aQee. Yn event of loas he wil! ~ive immediate notioe by mail to mart~s~ee. snd mork~ag~e~e may make prnof of loss if not ms~de protnptly by mortgagor~ snd ~sch insursnae tanpsny conceraed is hereby sathorized ~?ad directed to malce payment for such tass directly to mart~?~eer inst~d of to mort~g:gor ~nd mort~a~ joint]y, ~nd the inaurance proceeda. or sqy psrt thereot~ may be spplied by mortga~e at its optivn either ro the reduction of the indebtedness . hereby seetirad or tro~ the reatantian or repaeir of the property dama~ed. In event of fot~closure of this; mort~a~e or other trsnsier oi title to the mortgs~ed property in extinguishment of the indebtedne~s ~ secured hereby. aU ri~h~ title~ ~nd intereat ot the mort~agur in and ta u?y inaurance policiea then in force shaU pass ta tt?a purc!?aser or yra~ntee. . 8. That the mort~~e~e msy~ any Lime pendin~ s suit upon this mortg~ge, apply to~the ~ourt hav- in~ jurisdiction thereof for the appointment oi s receiver~ n.nd such ouurt shs?ll forthwith appoint a rec~iver of t~?e premises covered hereby all ~nd singutsr. includiu~ aU and ~inguiar the incomeo pro~ita, • itsues, and reven~es fram whstever source derived~ esctt attd every of which. it being expreasly under- atood. is hereby mort~~ed as if specilkally set forth and described in the ~n?ating and habendum ciauses hereol. and such receiver ahall have all the broud and e~[ective functions and powers in anywiae entrusted bgr s oourt ta a receiver. snd such sppointment shali tie made by such cuurt as an adrnitted equity snd mstter oi abaolute right to aaid mortgagee. and without reference to the adequn~cy or inad- equacy o! the value oi the property mortgaged or to the solvency or insolvency of said mort,gxgor or the defendants, atnd that sUCh renta~ profits, incame. issue~, and revenues shsll bie applied by such receiver ~uxordin to the lien oi this mortgage snd the practice of such cout~t. In the event of any default on the psrt of ~e mort~agor hereunder, the mortgagor agrees to pay to the mort~ee on demand as a reaaon- aDle ma?nthly rental for the premises an amount at least equiv~lent to onc-twelfth ( l;l=) oi the a~gregate . of the twelve monthly inatallments p~?yable in the then current yesr plus the actu~t amount af the ~u?nual ta~cd4 aasessments, water rates~ and insurance premiuma for such year not covered by the aforesai~ . montfily payments. 9. That (a) in the e~•ent of any breaeh of this mortgage or clefault an the part of the martgagor, or (L) in t?ie event that any of said sums of money herein i•e#erred to be not pramptly and fully paid ~~ith- + . out demand or notice, or (c) in the event that eac~ and eveay the atipulations. ag~~ments. conditions. ` and covenants of said note and this mortgage~ a~~ not duly~ pi~umptty~ and fully perfsrz-m~ed; then in eithei• or a~iy suclt e~•ent, the sairl aggi•egate sum mentioned in saicl iiote then remaining unpaid, with interest accrue+d to that time, ans~ all moneya secured hereby~ ahall become due and payable forthwith, ai• thereafter~ at the optioti af said moi~tgagee~ as full3~ and completely aa if all of the said sums of money ~i~ere orginaliy stipulated to I~e paid on such day~ anything in said uote o~• in this mai~tgage to the contrary not~~•ithstanding; and thei•eupon or thei•eafter~ at the option of said mortgagee, ~vithout notice ar demand, suit at la~~~ or ~.i equity, may be prosecuteci as if all moneys secured hereby had matureci pi•ior to ita insti- tution. '!'he mortgsg+ee may foi•eclos~e this mortgage, as to the amaunt so declared due and p~ayable~ and ihe said N:emises shal! be sold to satisfy and pay the same together x•ith cnsts, expenses, and allowances. ~ in case of partia! foreciosure of this mortgage, the moi~tgagecl premisea shall be sold subject to the con- tinuing lien of this mortgage for the amouht of the debt not then due ared unpaid. In such case the pro- ~ isions of this paragraph may agaire be availecl of thereafter fibm time to time by the mortgagee. 10. That the mo?~tgagor ~rill give immediate natice by mail to the mortgagee of any conveyanr.e, t1•ansfer~ or change of o~r~nei~ship of the premises. 11. That no waiver of any covenant hei~ein or o~f the obiigation secured hereby sha11 at any time thereafter be held to be a waiver nf the terms hereof or of the note secured hereby. 12. That ii the mortgag~or default in xny of tha covenantg ara,~reem enta contain+ed herein~ in ea~d note, then the mortga~ee may perform ~the same, xnd ali expen 'drtnres (inciuding reasonable ~tor- ney's feea) made by the mortga~ee in so doing ahall drsw imtereat at the rste set forth ia the note secured _ hereby, aa?d ahall be repayable immediately and without demand by the mort~ar to the martgagee, an~ -#~egether wit~ intereat ~t?d costs ~ocruing thereon, ahall be secured by thia mort~a,~e. ~ . 1~. That the mailing of a written notice or demand addressed to tt~e owner of record of the mortgs~ed pre~misea, or directed to the said uwner At the last uddress act~ally iurniahed to the mortg~g~9 aar directed to aaid awne~ at s~id mortga~ed premises, and mniled by the United States rnails, s6s4 be su~R~eient notice ~ aad dumand in ~y c.ase aridn$ und~er this in~trumeat and requitrd b~+ the pr+nvis~ons hereoi or by 1sv?. 14. The mortgagr~ r cowenants and a~rees tht?t ao bn~ As thts mortsx~+e aud the ssid uote aecured hereby are inaured under the provialona of the Natianal Housin` Act, be wiU not execute or file ior record ~tny instrumcnt which impo~s s reetriction upon the sale or oocup~ancy of tne mort~aged property on the b~sis a! t~?ce~ co~ar, or creed. Upob any vi~alation af this undertakin~~ the mortg~?g~ee m$y, at itu option~ declare the unpAid balanGe of the debt secured hereby immediately due and psyable, ; . ~ ~1~ 284 Y~ ' ! • ~