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Home My WebLink About1583 4,~.•. _~y~T.+.~~. -•tf..-.`.? J+..i..•. . . . . t . ~ . W'~~i.+~w+1~~ •!~S~~W ."N'f~?"rt ~Y.' f~'~~~."'~ ~~1r? a.w.a~. ~ ' ~+s. • n~IF+ w . Y ~t i! . ' s. It t~6~ 1pv10[ t6s p~rt~ant~ m~de,b7 t4~ A~a~r ~n~e~ S~) oi pNe~aph Z p~rea~sding ~aU ezcs«1 tL~ aoroant o[ p~~msn~s aotau~U~ m+~de by tbs M ~ for ground reats~ ts~oes ~nd arewnent~„ aad 'uuuu~ • a~a pramiams~ M ths c~s m~y be, wah a~ccew~ ~6all eredit~ed on wb~equent paymsnt~ to be msde by ths Mor~a~or ior wch itemt ot~ R6 Mortg~es's opt~ion~ ~haU be retuaded ~o Mortg~r. If~ howe~rar, wch montblr paJments ~u~U not bs w~fcie~?t~ to p~~ such it~em~ rNhen the wune ~6alt beoome due ~?nd p+ ~ble, t6en the Mort~or s6aUp~ t~o t4e Marta~gee aq~? amount aeceerar b make up the deficienc~. Su~psyinen~ ah~ll be naade within t~hirt~ (30) d~~rs atter wmtd,ea uosice fram ~e Mortgi?gee ~t~tin~ t6e amoun~ af ~he de&aeny~ whic6 notioe ma~ be ri~en by mail. Ii •c .qp cime ~he MorLgag~Or ahall t~endec to the Mort~g~gee in soaord- ance with the pro~i~ions ot ths noce ~ecured hereby~ full p~?ymen~ o? the entire indebted~?ees repreaented t6ereb', - the M ttg~g~ee~ a!?~ll, ia oomput~ng the ~moauat of auch indebt~edneae~ cr+edit b Lhe ~caou~nL oi We MoM~g~gur uny credit b?~Tanoe rem~iniog under t6e proriaioas of ot said p~r~graph 2. If thero ehsll be a def~ul~ under any oi the proviseons ot this mort~ge reault, u'~g in a public sale ot the pe+emiaes oovered hereby, ar if the Mortgagee wquirer the pmperty otherw~~e after default, the Mortgy~ee ahall ~pply, at tha tima of Lhe commebcement of wah prooeeding~ ar af~ the time the property ia otherw~se aoquired, the amount then rem~in~ng ~o credi~ oi ' Mortgagar under (s) of para~rup6 2~receding as a credit on the intereat i?ccrued ~nd unpaid a~d the b~lance to _6he principal theu renn~uun~ unpaW on ~ud note. 4. He wIU pa~ alt v~ea~ ae~a~eo~ watee~ rat~, aod at~he~ ~overameant~i a mudaiP~l ab~r~e~ 8ne~, oe fmPadtioas. fae wbiob pe~o~irion ~ aot been mfde hee~eiabetars, and fn detault tbereo[ t~be Mozti+~ ~T l~1 ~ ~me; ~ad tbaL bs will pe+ompt~y deii~ner t6s a~aW reeedpfa tbee~efor to the Morta,~ee. , b. He wiIl peemit~ dommil, or ~Rec ~ R~e, imp~irmea oe def~eeior?tion ot' Mid pe+opect~ cc the~r~soi . eaoospt s+earonable w~at wd t~ear• and ia tbe svent of tbs ~ of the Moet~o~r ~0 loeep th~e b~ on ~ pe~emiu~es and tbore to be er~ecte~ a~n Mid preoni~es, or icnproveaieata tbeeeoa: in tood rep~ir tbs Mort~ee msy mate ~uoh rep~ie~a a~ in it+r dis~wo~ it mr~y deem neoe~e~sy for tbe pe~ewrvstion tl~ereo~ aad the fuU ~nno~unt d e~oh i?nd ev~ery w~oh paymeat ~hsll be du+e ~d paysbb thirtY ) dnys stter demoand, an'd ~11 be ~eoured b~? tbe lie~ d tbi~ a~o~tp~e. 1~. He wrlll p?y ~?ll and dn6u4r tbs oo~, and ezpemeer„ inoludin~ re~son~bls Lwper"~ iee~ and oo~tr ot sb~tra~ob of title, inaurred or ptld ~?t au3? t3me~a:t~ee beosuee of the failue+e aan tbs p~t at the Dd~ort~g~oe ~ promptly ~nd i~r to perto~a ihs a~reamenb au~d oovenants ot aaid pe~omi~ory notc ~ud thia ~id ea~st~t, oh~?r~e0. ~nd ea~penses sh~U be immedi~?te~y due and pay~ble ~d ~ball be reaur~d by the li~n~~i~tpge. 7. He a~l ooatinnone~ m~int~in hasard i~r~noo, oi such type or~~~pe~ nnd ~aoanb as Mortgag~ee msy ~rom time to time require~ on the improvemmnts now or hhe~~[battar on said pram~ ~ad esoept whe~n pnyment tor a11 wch premiua4s Lu~e the~re6ofore baen made under (a ai psr~grs~h ~ hee~eot he will Po7 Proiap~y ~vhen . due a~n~ premiume therefor. All insuranoe shsll be ~ in oom~a~es apProve~ by M and t5e poli- . aeir and ranewale t~hereoi ahaU be ~eld by Mortg~gee ~ad have attached tLereto loas psysb~~c S»aeo in fsvor of aad in farm aooeptable to the Mort~agee. In event oi bae he ~vill give immediate noLic~e by mail to Mo~rtgagee, sad M msy make .proot to loe~ it not mada promptly by Mortgag~ra and ear~ insurance oampu~y' om oonoerned is y~wthor~sed and directed t~u m4ke psyment tor such bas direc to Mor~ matead oi to MarQg~c?r aad Mortgagee jointly, and the inauranoe proceede, or any part there~ may be spplied by Morw gagee st its optaon e~th0r to tbe recluction oi Lhe indebtadneee hereby secured or to the reatoratwn or repsir ot the pmpert~ d~au~y~ed. In eveat oi foreclosure of this mortgago or other ~er of title ta the mortgsg~ed ' Froperty in t of the indebtednees secured hereby, af I right, title, and intereeti of the Mortgagar m sad to insuranae policies tben i.n foroe ahsll pssa to th~ pum,haeer or grantee. • . 8. The Mott~ee mny, ~t an3r time pendina a euit upon this mort~e; ~Ppl~? to t6e oourt hsvin6 jurisdiat~on t~eeeot for the sppointmeat af s reoeiver, aad suclu oourt ehalt forthwltb appoint s reoe~var of t6e ~s oovered ~ Laceby all s~dd ein6ulu~ iacludin6 u!1 snd eingule?r t~he snoome, p~ofits~ iesues, sad ravenues from wLnLev~e~r eouroe deri~yed, eaah and every of whieh, i! beiaa axpreesly unde~stood, is hereby ~rtgaaed as if specificalty aet fo~rt~h amd de~aribed in the grantin~ and habeadum aisusea hee~eof. 8ueh sppo~ntment e6all bo mado by suah eourt es e~a admitted equit3? snd a mstter af i~bsoluts rigbt t~o esid Mort;ag~ee, and without re#erenoe to the acieqway or Ini?dequ~c~? af = tbe value at the property mart~q~ged ar to t6e e~alvency or insalvenay of ssid Mort~g~ur or tb~e cl~endsnta 8iuoh ieat+~, Pc~it~+. inco~, i~~a, and r~?enues ah~11 be applied by suah reoeiver sooordin~ to the ~n af this mortg~?ge and t6e pr~?atiee of aueh oourt. In the ovent of any defsult on the psrt of the Mort~?g~or heraunder, the Mortgagor agneee ta pay to the M on dexnsnd as rea~eonable mont~ly reatal for the preanieee sa amount at leaet equivalent to ono-t~velft6~ot tbe a~?te ot t6e t~velvo monthl~? installments paysbk in tbe tbea aurre~t yesr p~lus tLe actual amouat of t~?e unawl taaes, aa~nen.te, wut~r r~?tee, snd inaus~aoe pre~i~mos for auoh yeeur . . not oovered b~ t~e atoreesid ~?thty [,~?yme~?ts. 9. In t~he e~rent ot say bres~ of tbis mortg~e or defsulL on the part of the Mortaagor, or in tbe eveat t~at aqy at ea~d e~e af money herein aefe:reci to be not P~P~Y rwd fully p3d according do t~he tenor or in the • eveat t~st awh aad ev~ery tbe etiPula~~ agreeanents, ooaditions, and oov~n~?ats of ssid note und t6is mort~a ure nat dutY~ Prom,P~Y, ~~Y P~orm?ed; then ia e~ther or any a~h event, the add ~re~?ce eum mentioned in sa~d note then x~emsinina unp~id, with int~ a~oerued ta thst time, sad all moneys secused he~reby, ahall beoome due ~?d psysble for~hwitb, ac tbe~fter st the option of eaid Mort$aaee, as fully aad oompletetq as if sIl of the . eaid sums of money wrore~ orf~lly etip~tad to b+e p~id oa eveh dsy, a~oiythi~ in ea~d nota or in this mort~age to Lhe oontrsry notwithst~dins; aad tbereupon or tbereafter~ at tbe option of eaid Mortgegee~ without notioe or de~msnd, suit ~t lAw or in eqtaL~~ msy be proeeauted as if all motieys aec~red ~reby bad mstwed prior to ita institu- ±Eion. Tl~e Mort;agee msp fa~reolose this mortaa~e, as to the aniount so dealared due e~sd psys~bk, s~ad the eaid ~ ?i shall be Id to and psy the esme tosetber ~?ith aosta~ expen~, and utbwaaoes. In a~e of partial ~orecloeure of t~s mort6,a~, mort~ p~remisee ei~U be sold eubject to tbe +co~ntinuing Iieu of thds mortga~e faar the ~nouat o~ the deht nat tbea due ar,d un . In such osee the provimoae of this para~?ph ~y ~gain bs av~iled af tbereafter frwn t3me ta t3me by tbe +~t~e~. l0a No waiver at ~,y aoveaunt Lendn or ~ f~he obli$stion reaurod hereby sball st aay time the~atter be held ~o be a~raiver oi the terare hereaf o~ ot tbe note secured herehy. ~ 11. The lien a~ t~r inetnm~e.mt ~h~11 remr~ia ln full forae aa~d e![eot duri~aK ~Y p~PQnement or extensdon of tbe tima ot paymeat of L6e indebtednew a any pe?rt tha+eof seeured hereby. 1~. If t~b~ Mart~s~por elsGantt !n ~nq? al tbe oovea~aab oe ~reem~enb o~t~ned bare~n~ ae ia ~id ao~e, tbemi tba Mort~ee m,~y pe~fam tbe..me, o~ad aD e~ea~alilures (inaiua~ reasooable ~Lt~o:rey's feee) made b~+ the Moit~py~ee in ~ do~ aha~l dnwr inLe:est at t6e rste pra~rided for in the princsipal iadebtednees, and ahall be repsy~We t~ mor~tg~g~e ~ dtes deuiu?nd, ~?nd~ t~ether writh int~ereet, and oost~ aocruel thereon, shall be secured by 13. Upon ihe requat oi ths Mortgagee the Mortgagnr s6a11 eaeecute aad deliver a supplemental note ar . notes for ths wm or sums advaaced by tbe Mortg~gee for the alterr~tion, moderni~s~iou, improvement, a~sia- tenance, or repair of ~?id pramises, !oe taxe~ or amesments ~gaim~t the eamo ewd for uny oLhar purpae suthor- - ised hereuader. ~id note or notes ~halt be recured Lereby oa s parity with snd a. fullp ~a if the adva,ace ~vidan~oed t~bersb~ ~wece included in tbe no~o &st de~cribed ~bove. 3aid ~upplemental n~ute or notes shall bear iate~est ~t i~he rs~e pro~ided for in L6e~ psi~cipal indabtedaeee sad eLsll beps yable in proxiu~t~+ ~equal mor~tWy paymeat,s for ~n~kh period ~s may be agreed apoa bp the ereditor ~und debtor. F'~i~ to agree on the muturit7~ the wbok ai ~hs snm ~~ums w adv~.ed shall ibe due and pryable thirty {30) dn~ atter demand by the ar~ditos. Ia no s~en6 eball the mnturity ~xtend bayond the uitami?te ma6urity af the aote firrt de~aribed abo~e. ~ . BaoK~15 381 - - _