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Home My WebLink About1628 ~ as~ ~.s,..~~y~R ~l.:: .H.l.~. ~..t ~ ~ ` _ ' ' t y' .r'.~.w`.~~.+..w+~:.~!~t?iw.."WRr~a'wn•' t r..0 ~.~v. -w_ . ~w+r+~.r ~ . Y ~ ' ~ . . . ~ F 1 ~ , ~ 1 1Od ~DO~ ~i11~ Y ~IA t~! n1~ ~~IICh !7[C!Y ~1~ ~ Cl"ld~~ ~301l~dt~'~dQ OIt it1~QIM~~ p~enls ~ b~ m~de by the ~aort~tor. . however. the moatl~ pa,~nanb made by the nwrltas'o~ and~t (b) at par~i?h $~eo~din! ah+~ll no~t b~t wlscient L~ ~d renb. taxas snd aae~entt aad inauranosp~mit~ a~t the ws ms~y b0. wben the ~ame beoome ~ne and p~yabl then the mort~or ahaU p~Ur to the any amount nece~s~?ry ~ ma1~e up t6~ del~Cia~y~ on or~fore the dat~e whean Wyment af wch~jpruc~rsnb. tRacea. a~easr~?enta, ar inwraaoe~ p~'en?iwas shall be due. Ii st any time the mQrtsa~v~ ~ll tender to the mort~~ee in soo~rdat~oe w?ith the provis~ons oi the note ~ecurad hereby. fullp~rm~ t o~ tlye ent~r~e indebtednaw represeated theraby, the mort~ee shall. ~n com- putin~ the amount oi rocbi indebtedness, credit to the a~ccoant oi the mortt~or all p~}?ments made under the proviaions a! td) o~ p~ara~t'~?Ph 2 hereoi which the mort~agee h~ nat becotae obligated tti p~?y ta the F~e~1 gouain,~ Comminioner and any balance remsining in the iunds ~?ccunculat~d under the provisions . oi (b) oi ~aidpara~r~ph Ii ther~e shsll be a deisult under any of the proviaions o# this mortga~e. re- ~altin~ ia a pa Ub aale oi the premises covered hereby. or ii the mo~ ~?cquires the property ot~her• wise ~tter deisult, the mort,~s~ee s5a11 ~PP~Y~ st the time of the nt of auch proceedinga or at the time the prop~rty ~s otherw~se i?tAuir+ed. the bal~nce then retns~nin~ in the funds sccumulated under ~b~ ~ p~p~ 2 p n~~ as s cred~t ~?inat tl~e a~rwunt of princapal then remsining unpaid under ssid note aad shall propei'~ad1u~?t ~nY P~?Ytnents vvhic2? slu~ll hav$ been made nncier (a) oi said paragraph. 4, T6~,t he wi~ pa~ a11 taxea, asseaaments, w~?ter rat~ea. snd other g~overnmental or municipsl chuges~ Snes, or impo~` :ions, ior which pmvision haa not been msde hereinbetare, and in deisult ther~.wi the mort- . ~a~ee ms~y pay the same; sn?d that he will promptly deliver the oPBcul receipb therefor to the ~ortga~ee. ~ 6. That he will permit~ aommit, or suRer no waste. impairment, or deteriontion of said property or aqy part thereof ; and in the event of the failure of the mortgs~gor to keep the buildinga on said premu~ea ' and tho~e to be erected on eaid pr~nises. or improvements thereon, in g+ood repsir~ the mortg~x~c~ee may mate snch reptirs as in its discretion it may deem neoe~aary for the proper preaervation thereof. snd the tnll ~?ount af each ~?nd every such ga,yment ahall be immediately due and payable~ ~nd ahall be secured by the uen ot this mort~a~e. ~ 6. That he will p~y all snd, singular the costs, charges. and ~penses, includin~ reaaonable lawyer's ieer, snd c~asts af ~bstxscta of title~ incurred or paid xt sny time by the mort~ bec~uae of the failure as on the part of the mortgi?Qor promptly and fully to perform the ~reementa an covenants of aaid prom- iasory ac~te and t2?ia mortga~e„ and s~d coats~ chs~rge$~ and e~cpense~ shall be immediately due ~nd pay- able and alull be secured by the lien oi thia mortgage. ~ • 7. Thst he wiU keep th~e improvements novv exiatin~ or here~lter erected on the mortgaged property. iasnred as may be required fran time to time by the mortgag~ee a,g~inst loss by flre snd other hs~ard~, q~aualtiee, snd contin~enciea in such amounts and for such periods ss may be required by martgagee~ and will pay prosnptly~ ~rhen due, any premiums on sucls inaur~nce for payment of which prnvision haa not been msde hereinbefore. All inaurance ahall be carried in compaa~e~ apprnved by mortgagee and t6e policies ~nd renewsls thereof sba!1 be held by mortgagee snd have attached thereto less p~yable clsuses in isvor of ~?nd in form acceptable to the mortgagee. In event of lo~s he will give immediate notice by au?il to mortQag~ee, u?d mortgagee may make proof of losa if not made promptly by anortgag^or, . stid each inaurance oampu?y concerned is hereby authorized ~tnd directed to make payment for auch l~oss dir~ctly to mort~~ee inates~d af to mortgsgor snd mort jointly, aad the inaurance proc~eds, or • oss . ~r thet~eof~ may be applied by mortgag~e at itu option ei er to the reduction of the indebtedneas he~secured or to the reators?tion or repair of the property darnaSed. In event of foreclosure of this ~ mortgsg~e or other transfer of title to the mortgaged property ia extinguishnnent of the indebtedneaa secured hereby. aU ri~h~ title. and intereat of the mortga8or in ~nd to any inaurance policies then in farce ahall pass to the purchaser or grantee. . , 8, That the mortgagee msy, e?t any time peading a suit upon this mortgage, apply to the court hav- ~ ia~ ~~risdiction tdiereof for the appointment of s receiver, and auch oourt shsll forthwith appoint a receiver af the pr~e~nisea coverc~d hereby atl and singulu. including all and singular, the income~ profit,s, ~ • iesuea and revenues irora wh~tever source derived~ each and every of which, it being expreaaly under- atood~ ia her~by mort~aged aa if apeciricully set forth and de~cribed in the aranting and habendnm clauses h~f. a?nd such receiver shall hi?ve all the brosd and elfective lunetions and powera in anywiae entrusted by s court to s reoeiver, snd such appointment ahall tae made by such court aa an admitted equity and • m~?tter of sbiwl~te right to s~id morkgagee~ and without reference to the adequacy ar inad- equ~cy of the value of the grop~erty mortgaged or to the ~olvency or ineolvency oi said mortgagor or the defendsnt~. and th~?t such renta~ proSta. income. issues. and revenues shall 6e applied by euch receiver - socordin to the lien oi this mort~e and the practice of such court. I~ the event of any default on the psrt oi ~e mort~xgor hereunder the mortg~gor sgrees to Fs?Y to the rnortgagee on demand as a reaaon- ~ble monthty rental ior the premisea an amou~t at least equivalent to one-tvvelfth (3is) of the aggre~ate oi the twelve monthly inatallments payable in Lhe then current yes?r plua the actusl amount of the annusl tau~a asseaementa~ vrAter ntes~ sad insuru~ce premiums for auch yesr not covered by the afarealiid mont~lY 3'~Y~~?~ ~ 9. The mortgagor further covec~ants that should this mortgage and the note secured hereby no~ be eligible for insurance under the National ~iouaing Act within ~Q 0~ from the date her~of (written statement of any officer of the Federal Hcuaing Admini"st~tion or authorized agent of .~he Federal Housing Commissioner dated subsequent to the ~ n > time from the date of ~hia mortgage~ declining to insure said note and this mortgage3,'~R~ ~eemed conclusive proof of such in- eligibility)~ the mortgAg~ee or the holdei• of the note may~ st its option, declare all sums secured t?ereby immediately due and p~yable. . . ~ ` 10. That (a) in the event of any breach of tfiia mortgsge or default on the part of the mortgagor or (L) in the event that any of said sums of mor~ey herein referred to be not promptly and fully ~aid w~th- out deraand or notic~, or (c) in th~ svent ~t •a~h ~?nd ~v~ry th~ aLipul~t~oiu, x~reem~nb~ eonditions, ~nd eovenan#s ai said not+e and thla ~nortgs~e, are nat duly, pruaaptly. and fuily periormed ; theii in either or any such event, the aaid aggre~te ~um mentioned in said note then i~emaining unpaid~ vi?ith interest accrued to that time, s~nd ~?11 moneys secured hereby, ahsll beoome ~eae and psyabie forthvi?ith, or thereafter, at the option ai aaid mort~ee~ ss fully and t~ompletely ~ts it all ot the auis3 sums of m~ney wexSe orginslly atipulated to be paid oa such day~ aa~,ything in ssid note or in thia martaage to the contrary notwithatandiny; and thereupon or thereatter~ at the option of said mortga~ee, without notic~ or demand, suit at law or in equity. may be prasecuted as if al; n~?oneya secured hereby had matared prior to its insti- tution. The mortga~ee may forecloee thia mortgs~ , as to the +?mount so declared due and payable, and the said premisea ahall be eold to satisfy and psy the ~tme toRether with costa, expenses~ and allowant!es. In caee oi partial foi~eclosure of thia mortgage, the ~~rtQaBed premiae$ at?sll be sold subject to the con- tinuing lien of this martgsge for th~ atnaunt of the debt not then due and unp~id. In such case the pro- ~ visiona of thia psragraph may aga~in be availed of thereaft~r from time to time by the mortgagee. ~ . ~ •