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Home My WebLink About1990 ff - ,r -.w o~i ~ y: ~t.~ ~ Y~• !I~?n.~ -Kr,e? ~r ~ .+p.~ y r . . . 1• . '!~`l'~Y.:. ~ • r'...w~•. a..~;. : ~ ~ - "Ma,.. . ,a ~ o~ a ~ ~ . o~ ~ ~a. ~oc ~ ~wa. ~o~a.~a ~ d.~r~t ~ ' ~ a s s ~11? ~ ~ tlut~~ pr~aa?ptb? a.iiver t6~. omcita reoeipa th~retoz cv taw m~ ~ Q?. Th~t ~ wi.U pa~oi~ eoaunit, or wti'er no wasw, impstnnenl~ or d,teHarat~ ai said property, or ~ a?a~? ~tl~ac~o~; aK~i in tlae eveat oi ths idlur~ at the aarf~~or to keep the buiidia~ on aaid pe~cna~ss ~ aad to M a~aeted ou asid premi~es. a' ~eaprov+emen4 t~ier~eon. in ~ood rep~ir. ths ~nott~a~ee may ~ ~ malce sach repain as in ib discration it +~n neoeessr~r for the proper preserv~?tioa thereof. and the - tull amount at each and ~very snch pa,ynrent ahaU be imaaedlately due i?ud psyable, and shall be secured , by the liea af this mort`~, ; 6. 1'hst he will p~,y ~?Il and dn~uU~r the ca~ts, char~es, ~uad expenses, includin reasonable :swyer'i #ees, ~nd cosb of abttracts ot title, ~ncun~e =or paid r~t any titne by the mortS~ee~uae Qi th~ failure on the put of tha martgs~ar pr~otnptly and ully ta perform the ~resmenL snd covenants of sa~d prom- ie~wry note aad this and said c:oeta~ cls~~ snd enpenses ~hxll be im~anediatrly due and pay- ie w uble and shaU be securedA~ lien ot thia mortqa~e. - 7. 1~t be ~arill keeF the improvemenls now existi~ or hereaiter encted an the mort~a~ed ProPe~Y. ; insured asm~y be required iro~m ti~me !o time by the mart~~~a mat loea by tire snd ather hazard~, caswlties. sad contin~enria ia su~h amoun4 and for auc~ pert'ods'aa~ nuy be required by mort~gee, . and will paypro~np~~ when due~ any premiums o:? such ipsnr~ce for p~~yment of which provision has not beea m e~d hereinbefore. All insursnce s1?~l! be carried in comp~nies apprnved by mortQ~ee and the policiee aad re~ewsls thereot shall be held by mart~ag~ee snd hsve attached thereto lwa ps~y~ble ~ clausea in favor of uid in form ~ooeptable to Lhe mort,~a~ee. In event of losa he will ~ive immediate notic~ b mail to ma~, and mart,~a~ee may make prooi oi bsa i! not taade pro~nptly by mortga,~or. ~nd e~i insunnce canp~ny concerned ~s hereby suthorixed and directed to mske payment for auch lasa directiy to mart~aQee inat~ead o! to mortaagor and mo ~ointly~ and the iru~ursnce proceeda~ or ` ~?n,y thereaf* m~ty be applicd by mort~s,~e at ib opLion ert ith~r•to the reducGon of the indebtedness m y he y aecured ar to the restontion or repxir of the property darrtaged. In event of forecl~oaure nf this mortQ~e or other tranafer of titte ta the mortga,~d property in eutir~guishment of the indebtedneas secured hereby. sl! riShk title. snd interest of the mort~syar ia and to aay insurance policiea then in forcg ; shalt p~sa ta the parchaser or Qrant~ee. ! S. 7'hat the mort~a~ee msty. at Any Eime pendin~ a auit upon thia martgag~, ~pply ta the court hav- ' ina jurisdiction thereof for the appoiAtment oi ~ receiver, and such oourt ahall forthwith ~ppoint s ~ receiver oi the premisea covered hereby all and sip~ulu, incladin~ ~11 and sin~ular the inoomc. profits, iasuea~ ~nd revetnaes iram whatever saurce derived~ esch snd every of which~ tt beinQ expresaly under- ~ atood. is hereby t~or4~x~d as ii speciftcally aet farth and des~ribed in the grsnting and habendum clauses here.wi. snd such receiver shall have all the brazd ~nd et~ective iunctiona and powers in anywise ent~uated by s caurt ta a receiver~ and such Appointment ahxll be made by sueh court ira an admitted equity At?d a mstter of ab~olute right to ssid mortga~ee. and vrithout reference to the sdequacy or inad- equacy of the value of the property mortas~ed or to the solvency or insolvency of said mortgagor or the defend~nta, aad th~?t such rents. profit~, incame, is~ues. and revenuea shatl be applied by ae~ch receivcr a~xordine to the liext of this mort~sge and the practice of such court. In the event oi any default on the psiirt of the mortgagor hereunder, the mortgagor s~rees tp pay to the mortgaQee on demxnd as a reason- able month2y rentxl for the premises an amount st least equivalent Ga one-twelfth (y,s) of the a~gregate . af the twelve monthly instxlimenta payxble in the then current year plus the actnAl amaunt of the annval taxea aaressments. wst~r rates~ u?d inaurnnce premiwns for auch year nat covered by the afareaaid ' mont~i~? W?3rments. ~ ~ 9. Tt?at (a) in the e~•eait of any breach of this mai•tgage oa• default on the part of the mortgagor, or {L) in the event that any of said sums of money hei~ein i~eferred to be not promptly and fully psid ~~:ith- out demand oY• »otice, or (c) in the event that eacli and every the stipulations, agreements, conditions, and covenants of said nflte and this moi~tgage~ are not duly~ prumptly~ and guUy perforrned; then in either or any sucii e~ent, the said aggregate sum mentioned in saicl i~ote then i~emaining unpaid, ~vith interest aceraed tu thst time, anci all moneys secured hereby, ahail become due and payable forthwith. or thea•eafter, at the option of said moi~tgagee, as full~~ and completely as if all of the s~id suros of maney ~~•ere orginally stipulated to be paid nn such day~ anything in aaid note or in thi$ mortgage to the contrary not«•ithstanding; and thereupon or thei•eafter, at the option of said mortgagee~ without notice or demand, ~ suit at la»~ or i~i equity, may be pi•osecuted as if all moneys secured hereby had msturecl prior to its insti- . tution. The mo~~tgagee may foreclose this mortgage, as to the amount so declared siue and payable. and the said premises shal) be soid to satisfy and ptty the same together ve•ith casts. expens~s, and sllawances. in cas~e af partial Fo~•eclosuY•e af this anoi~tgage, the moi~tgaged premises shal! be sold subject to the con- tinuing lien of this mortgage for the amount of the debt not then due and unpaid. ln such ca~se the pro- `isions of this pai•agraph may again be availeci vf thereafter from time to time by the mortgagee. 1~. Th~t the moi~tgagor ~~•il! give immediate notice hy mail tc, the mortgag~e of any eonveyance, ti•ansfer~ or change of o~rne~~ship of the premises. 11. That no waiver of any covenant herein or of the obligation secured hereby shali at any time thereafter be held to b~ a waiver of the term3 hereof or of the rrote secured hereby, • 12. That if the mortgagor default in auy of the covenanta ora,gr enta cantaixie~ herein, or in ~d note~ then the mortgagee may perform the same~ and all expen id tu~i~ea. (fncludimg r+easoneble attor- »ey's fees) mad.e by the martgagee in so doing ahall draw interest at the rate aet forth in tbe note secured h~reby, and shall be rep~?yable immediately and without demand by the mortgag~or to the mort~~~ee, and, together witli interest snd costa accruing thereon, sha~l b~ secured by Lt~ mort~a,~e. , 13. Thnat the mailing af a written notice or demand addr+es~ to the owner vf record of the mortga~ed premises~ or directed to the said owuer at the last address actually turnished to the mortaagee, ar directed ta said owner at said mortgaged premiaes, snd mailed by the United States maila~ ahall be sut~cient notice u~d demax?d in ~ny case ~risin~ under this instrument aad required by the ~rovisioaa hareof or by lsw. 14. The mortgugor covenants und agrees thst eu long as tt~is mortgage and the aaid note sec~red hereby sre insured under the provisiana of the National Housin~ Act, he wiU not execute or fiDe far record any ~nstrument which unpoas~s a restricti~n upon th~e sale or axup~?ncy of ti~e mort~sg~ed property on the bs?sis o! ra~x, color, or creed. Upon any viofation o~ this undertxkin~, tha mortgagee m?a1r~ at ita optiott, deciare the unpaid balance of the debt gecared hereby immediately due and payable. ~ ~ . . . F ' ~ ' Y f , ~ •