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Home My WebLink About1947 ~ ~ .n • .r.+.-.w ~+r~ [~I•~ ;t +Ir ~T~• r.yl~ ~r~j`,: ~.1.i i. rrt t. i : , . . . . ~ ~ ~~r'.~.~~.'.-.~~.. .~...+...+~.~.r.......w+w---~ ^ . ~4 , 1~ ~ , • r ~ ~ . . . ' ~ ! • iia~. ar iml~nsttio~u. for which ~e+o~vi~io~ ba~ nai be~n m~ds ~bdwr~, aed ~i daisult tl~ereof the mort. ~ ta~ nw? Py? the wne; ar?d that lrs wili peanaptqr d~liva~ the ol6cial reodpts thereior L~ the mort,~a~ee. ~ ; Tbat h• wiq par~nit, oammit, as wRer no ~?,rta impair~neat~ or dat~rio~,~~ioa oi W?id ~ropercy ar ; s sq~ tlyrao~; and ie the ~?t ot ths iailure ot tlre to keap tbe buildin~s on sua premiaes ~ ~ ~nd ~ t+o bir e?ncisd an ~aid Arania~s. or imW"ovemeti~ in rood rep~ir~ the tnort~a~ee rn~y . ~ malce wch rep~irs as in Ih di~cretio~t it ana~? deem necassary ior L6e proper preservatio~ thereoi. ~nd the ~ iull amaunt ot e~s a~d every wch p~yment shxll be ima?ediatelK due snd pt~yable, sad shall be ~ecured ~ ; by the lien o! tLi~ marts~e. r, 6. That he will p~ny s!1 and dn~ulu t1?e cats~ ehar~, aad expe~ses. includix?~ reason~ble lawyer's ~ i~es, aad ca4 oi abstra~cts oi title, incurred or paid at w,y time by the Ynort~~ beciuse of the failur~ . on the pstt oi the mortQa,~or pramptiy and lully ta pertorm the ~meats aad covanxnts of aaid prom- ~i iseory note and this rrw .~nd ssid caata, char~ea, and expena~ shall be immaliately due wd pay_ able ~nd shall be aecured b~ lien of thls mort~a~e. 7. Tlu~t he wiU keep the improvements now existi~ or hereafter erectcd on the mort~'ed P~t~~Y. insured as m~y be required frwn time to tim~ by the mo a~a~nat loes by, tire and other hiwrda~ n caawlties. uid contin~encies in such amouate and for a~riods aa m~y be' required by mortg~ee~ : xnd will pzy~ro~npt~y, when due. at?y pretniuma on such insurance forp~y ment of which provision has ~ not been msde hereinbet'ore. AU iaswrance ahsll be esrried in camp~nie~ approued by mort~s?~e And the poUcies at?d renewalu tt?ereof shsll 'be held by mortQag~ee ~nd lu~ve attsched thereto losa payable clausmt in tavor of and in lorm traeptable to the mart,~ee, In event ot }oss he will ~ive immediate ~ notioe b m~til t+a~ rnart~ee. and ma~ rru?Y make proo~i of k~s ii not ~de promptly by mortgagor~ ~ snd ~ insurance campany concern,ed is hereby authorized And directt,~d to ms~ke pa,yment far such loes directly to mort~xgee instead of ta mort~agor and mort~ jointly~ and the insurance proceeds~ or ~uay thereof~ may be applied by mortgag~ee at ita optian eit er to the reduction of the indebtedneas ~ he~iecurad or to the reatorstian or repa~r af the property damaYed. In event of foreclosure of this mortg~e or other tranafer of title to the mortga~ed property in extin~uiahment of the indebtedness secured hereby~ all riQht, title, and interest of the mortgagor in s?t?d to any inaursnce policiea then in force , shsU p~as to tt?e purchaser ar ~etitntee. & That the mortQ~ee may~ At any tim~ pendin~ : suit upon this mortgag+e, apply to the c~wrt hav- ' in~ jttrisdictior~ thereof for the ap~intment of s receiver~ and auch court shall forthwith appoit~t x receiver o! the premiae~ covered hereby alt and siray~ular. including ~11 xnd singuix~r the inc~ame. profita, issu~ snd revenues from whatever source derived, each and every of which~ it being expressiy under- atood. is herebq mortasQed as if apecifkaily set forth ~d deacribect in the granting and ha~bendum clausea herca?t. ~end such re~ceiver ahsU hxve sDl the bms~i and eff~etive iuuctions and powers in anywiae entruated by ~ court to ~ receiver, and auch appointment shall be made by such court aa an admitted _ equity and u auttter of absolute ri~ht to asid mortgagee, and without r+~ference to the adequacy or inad- equacy of the value of the property mor~gaQed or to ths salvency or insa~vency of aaid mortgagor or the defendsnt~s, snd thst auch renta, profita, income, ismuea, and revennea shall be applied by euch receiver acxording to the lien of thia mort~e >u?d the practice oi such court. In the event of any default on the part of the m~rtgsgor hereunder, the mortgagor ~grees to psy to the mortga~ee on demand as a reason- sble tnonthly r+ental for the pr+emises an amount st le~st equivalent ta one-tw~lfth {y,g) of the s~gregate . of the twelve rnonthly installmenta payable in the then current yesr plua the actual amount of the annval taua ~asessments. water rstes~ ~nd inauranc~e premiums for such year t~ot covered by the aforesaid ~aont~?ly~ P~tyments. ~ 9. That (a) in the e~~ent of any bre~ch of this mae•tgage oi• clefault on the part of the moi•tgagor. oi• (L) in the event that any of said sums of money he:~ein refei•red to be nat p~•~mptly and fully paid ~~ith- " out demand ar ~YOtice, or (c) in the event that each and every the atipulationaw agreements, c~nc~itions~ and covenants of said note and this moi•tgage, ai~e not duly, prumptly, and fuUy perfoi•med; then in either or any such ecent, the said aggregate sum mentioned in said e~ote then r~maining unpaid, with inter~st accrued to that time. and a!! moneys secured hereby, shall becQme due and payabl~ forthwith, oi• thereafter, at the optiot~ of said mo?•tgage~, as fuliy and completely as if all of the ~aid sums af money ~~~ere orginally stipulated to 1~e paid an such day, anything in saicl note or in this moa•tgage to the contrary noh~ ithstanding; and thereupon or thereafter, at the option of said mortgag~ee~ without notice ar demand. ~ suit at lau• or iu equity, may kre prosecutec~ as if all moneys securecl hereby h~d matured priar to its i~sti- tution. The mortgagee may foreclose this moi-tgage, as to the amount so declare~ due and payable, and the said premises shail be sold to satiafy and pay the same together H•ith costa+ expensea, and allowancea. • In case of partial fa•eclosure of thi~ mortgage, the moi•tgageci pi•emises sha~l be sold sabject to the con- tinueng lien of this moi•tgage foi• the amount of the debt not then due anc~ unpaid. In such case the pro- ~•isions of this paragraph may again be availed of thereafter fibm time to time by the mortgagee. 10. That the martgagar ~rill give immediate notice by mail to the tnortgagee of any conveyance, transfer~ or change of o~i•nei~ship of the premises. 11. That no waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof ar of the note a~cured hereby. 12. Thxt if the mortgagar default in any of the cwvensnta or~t~e enta c~ontained hereia, or, in aaid note, thea the mortgagee may per~orm the aam~, and all expen ~'d turm.PS (including reasonabDe atf~or- ney's fees) made by the mortgage~e in so doing shall draw intereat at the rate set forth in the not~ e~ecuted hereby, tend shall be repayable immediately and without demand by the mort~or to the mortgaaee, apd, together with interest and c~osta accruing thereon, shalt be secur~d by thie mort~a~e. - ~ . 13. 'P~at f.he rnaiiing of a written na'ce or demand a~ddresse~ ta the owner of recard of the martga~ed premiseea„ or directed to the said own~er at the last addreas actuall~? furniahed to ttse mo~tg~ee, or direct+~d _ to aseid owner st said mortga~ed premises, and mailed by the United Siates rnails, 8I17~I b@ SIII'~@A~ AO~CB ~rd demaad In i?ny c.aar ari~tn~ under this itu~trumenL ~nd :requir,d by the provisiotis hereoi or by Lw. , 14. The mort~agor coveaaats ~urd sgrc~s thxt eo lon~ as this mort~a,~e ~nd the said uote secured hereby are inaured ~u?der the proviaiona of the Nationat Houaia~ Act~ he wi!! not exeeute ar Rle far record ~ ~ny instrument which impose~ a re~trlction upon the sa~e or ocxupau~ey oi tne mort~ed property on the baais of race, color, or creed. Upon sny violation of thia undertakin$, the mortga~ee ms~y~ st ita optian~ declare the unpaid balance of the debt eecured hereby immediateiy due ar~d giyabls. ' i ~ l ~ 1 ~ OR ~ ~~i~ ~46 F ' • . . . ' ~ ~ .