HomeMy WebLinkAbout1856 fines, or impositinns, fur ~~•hich pr~n~isir~n has not bEer ~~zade hereinbefure, and ii~ default thereuf th~• murt-
gagee may pay th~ same; and that he will prornptly deli~•er the of~icial receipts therefor to the mortgagee.
5. That he w•ill permit, commit, ;~r suffer no H•aste, impairment, or deterioration of said pi~upeY~t~• oi•
any part thereof; and ir, the e~•ent of ~he failure of the mortgagor to ke~p the builditigs on saici pi•~~mises
and those to be erected on said premises, or imprc~~•err~ents thereon, in good repair, the moi•tgakt~e ma~~
make such repairs as in its discretion it rna~~ decm ~i~cessary for the proper preservation tl~~~reof, a~~d the
full amount of each and e~•ery such payment shall be immediatel~- due ancl pay~abie, and shall t~e secured
by the ;ien of this mortgage.
6. That he w~ill pa~~ all and sitigular the cos;s, charges, and expenses, inc!uding reasa~iable (a~+•~•ei•'s
I fees, and co~ts of abstracts of title, incurred or paid at any time b~~ the mortgagee because of the failure
on the part of the mortgag~~r promptl~• and iull~• to perforrr, the agreements and co~•enants of sai~1 prum-
issory nate and this mortgage, aiid said ci~sts, charges, and expeiises shall be inimediatel~~ due an~i pa~•-
able and shall be secured by the lien of this mortgage.
7. That he «~ill keep the impro~~ements noti• existing or hereafter ere~teci on the moi•tgaged propert~•,
insured as may be required from time to time b~- the mortgagee against toss b~- fire and other hazards,
casualties, and contingencies iri such amounts and for such periods as ma~~ be re~2uired by mortgagee,
and wi11 pay proraptly, µ~t'~en due, any premiums on such insuratice fur pa~~met~t of ~~hich pro~•ision has
not been made hereinbefore. All insurance shall be carried in ~ompanies appro~ed b~• m~rtgag~~e and
the policies and reneH•als thereof shall be helcl b~~ mortgagee and ha~•e attachect thereto loss pa~-able
clauses in fa~~or of and in form acc~eptable to the mortgagee. In e~•ent of loss he ~~~iU gi~•e immediate
notice by~ mail to mortgagee, and mortgagee ma~- make proof of loss if not made pi•omptl~~ by murt~a~oi•,
and each insurance com~an~~ concerne.~ is hereby authorized and directeci to make pa}•ment for such
loss directly to mortgagee instead of to mortgagor and mortgagee jointl~-, and tht~ insurance proceeds, or
any part thereof, may be applied by mortgagee at its option either to the reductioti of the indebteci»ess
hereby secured or to the restoration or repair of the propert~~ damaged. In e~~ent of foreclosure of this
mortgage or other transfer of title to the mortgaged property in extinguishmr~nt of the incicbtedr:ess
secured hereby, a11 right, title, and interest of t}~e rnortgagor in and to anti• insurance policies then in force
shall pass to the purchaser or grantee.
8. That the mortgagee maY, at any time p~ncjing a suit upon tnis mortgage, appl~• ta the court ha~•-
ing jurisdiction thereof for the appointment of a recei~•er, and such covi•t shall fo?•th~~~ith appoint a
recei.•er of the premises co~•ered hereby all and singular, inclu~ing all and singular the income, profits,
issues, and revenues fron~ µ•hate~•er source derit•ed, each and e~•er~• of ~chich, it being expressly un:le~•-
stood, is hereby mortgaged as if specificall~~ set forth ~nd described in the granting at~d habendum clauses
hereof, and such receiver shall have all the broad and effecti~~e functions a~id pow~ers i?i an~~~~•ise
entrusted by a cout~t to a recei~~er, and such appointment shall be made bS- such caurt as an admitted
~quit~• and a matter of absolute right to said mortgagee, and ~?•it}~out reference to the adequacs• or inad-
equacy of the ~~alue of the property~ mortgaged or to the sols•ency or insc~l~•ency of saic~ mortgagor or the
defendants, and that such 1•ents, profits, income, issues, and revenues shati be app[ied b5• such recei~-er
according to the lien of this mortgage and the practice of such court. In the e~•Qnt of an}• clefault c~n the
part of the mortgagor hereunder, the mortgagor agrees to pay tc the mortgagee cn demand as µ reason-
able monthly rental for the premises ar. amount at least equivalent to one-ts~~elfth ( i~i.,) of the aggi•eRate
of the twel~•e monthl}• installrnents pa~~able in the then current ~•ear pf~s the actual amount of the annual
taxes assessments, «•ater rates, and insurancp premiums for such year not co~~ered by~ the aforesaid
mont~ly payments.
9. 'I'h~it (rr) i~i th~~ ~~~~e~nt ~,f an~.~ l~r~•ach ~,1' thi, murt~,*a~;~~ ~~r ~1~~Caull uti tlu~ ~~<<rt nf ti~E~ murtgag~~i•, ui•
1-~) iii th~~ ~~~~~~nt thut ~t!i~~ uf ~aicl ~tnns ~~t~ m~~;~~~~• i~c•~•~•itt r~~f~~rrE~ci ic~ b~~ t~ut I~r~~mptl~- ~tt:d full~~ p~ici ~~~ith-
~~ut ~lrnuln~l ur >>utir~~, ur in tlir~ <<~~r~i~± that ~~acl~ <incl ~~~~t~~•~~ th~~ sti~iulatiui~;, a~,~ee~~me~its, c~aniiitions,
~u:~i c~~~~~~na~its ~~,t~ •~ii~? n~,t~~ ain<i tl:i; m~~rt~,r~t~,r~~. x~•t~ n~~t ~l~ilt•. ~~r~~ttrptl~~. ~i~~~l t'ull~~ ~>E~rfor~u~~tl: tlz~~~~ in
e•It!!t'!' U!' <ll]\' SUC~] t'~t'l;t. t~l(' ~lillj il~}),'~,~I'('},r~i~t' ~U111 111~'11~IUIlI'(~ 1R ~iU(~ RUtI` t~lt'll 1't'lllilllllil~., lUl~)~ll(~. ~1'lt~l
i~:t~~~•~~;t ~icc~•tit~~l tc~ tV~at tim~~. ~~n~1 all tn~~~~~~~~~ ;t~cur~~~l h~~r~~bs', sitall V~~~rc~ine ciu~~ anci pa}-able fu~~t}t~~~itli.
:,r tii~~rt~;~±'tr~i•. <~t th~~ ~~~~tiuu ~~f sai~i n~u~•ty;~~~;rt~, <is fuil}~ ~i?i~i cum~~lt~tt~i~~ as ii~ aii ~~i thc~ ,aici s~ims of tilz~n~~t~
~~rt~ ui~~,~ina11~- ,ti~~uiat~~ci tu l~c~ i;ai<1 c~u sttr}7 ~ia~~, .zti}~ti~i?~g i?~ sai~! lu,te i» tiiis m~n•tgage t~ the c<~ntrai.,~.
nui~•, ith~t<i»~ii>>~,r; ri»~l th~~rt~ua~un th~~rc~~~ftc~~~, at ti~:~ ~~i~ti~~n ~~t s~~i~l mui•t~;~i~,~ec~, ittt~~ut notice or clc~m~~i<l,
;uit at la~~~ ur in ~~~~uit~~. m<i~~ I~t~ ~~ri>,rcutt~~l as ii~ all m~;n~~~~~ s~~cur~~~l her~~b~~ I~ad matureti prior to its insti-
tuti~~n. "fi~t~ mc~rl~,*a~;~~~~_~ ~»a~~ furE~ri~~se tfiis r~7~~?•t~a~;~~, .is t~r tiu~ ame~_~?~t s~, ric~cla~~~~<1 ~iuc~ ar7ci ~~at~ab?e, at~~l
thc~ ~,zi~1 ~~r~~~~i;>~~< ;li<ill ht~ ;~~l~l t~~ ~atisf~• a?zc! I~a~- tl~E~ s<imt~ t~~K~~tI~F~?~ ~s~itl: c•~~,ts. ~~x,~~•~~s~~s, and ~illo«~anct~s.
In rts~~ ~~f ~~ai~t;~~! t'„r~~rlu~ur~~ ~~f this mc,rtgakt. thc~ in~~rt~,Ya~,r~~~i pr~~mict~s shal! f;c~ sc,l~l subjeet to ti~e eu~~-
tlRUlli~ ~lt'il ~~t t{11~ lllUl'Y~,rll~;t' t~UP t~lt_' ~1T71(illllt l)t 1}lt' t~~~f)t iltit t}lt~li (jU!' <lllt~ llll~)~ll(~. I11 SUCfl Ci1:~E t}lP j)1'l?-
~~isi~>»s ~~t fhi; {~rir~i~,rra~~i; t~la~~ a~.rai~i f~r a~~til~~~i ~~f~ tlirrc~~~ft~~i~ tt•nr?~ tirnc~ t~r t;?ttc~ h~~ t1if~ rt~~~i~tg'ager~.
10. 'Chat th~~ ill„rf~a~~~i~ ~~~ill ~i~~~~ i~t~ni~~ilirtt~~ ?~~~tic-c~ h~~ r~~ai! t~r th~~ ~i~4~rt~r~igt~t~ uf an~~ ~~~~n~~t~~~ancE~.
t~~,tti,t~~~~, ue ch:ui~rt~ ~,~1 u~~i~;l~i~~ u( t}ic~ >>r~~mis~~,.
11. T~ltlt Il~~ ~~"lil~~t•t' ut ~ltit' t'~~l'E'tlft~i~ ~1t°Pl'lil ~~Y UI t}lt• ~~~>~1J~T<tt}~~Il St'('1lYP(~ ~lt'Z't'~1}' ~}17:~~ ~lt Flil~' tlil?P
t}7t'i't'~lltt!' ~)t' }lt'~(~ tu tl '.5',ll~'PI' ~~t t~lt' lt'1'lll~ ~ll'I'f'l~f Ul' l)~ t~lt' Ilntl' ~PCUC~(~ ~lE'1'E~)~'.
1'?. That if the mc~rtgagor defatilt in any of the co~•enants or a~reements coistained herein, ar in
said n~~tE~, then the m~~rt~agee ma~• ~~et•f~,rm the same, and all ex~~enditures (including reasonat~le att~r-
ner's f~es) made by~ the mortg:igee in so doing shall d~•a~~~ intere~t at tl~e r3te set fortri in the note secured
her~~l,t•, and sriall t~e i•e,~a}~a}~le immedi<itel~• and w~ith~>t~t den~ar,d bti• the nlortgagor to the niortgagee, and,
iogt~ther ~~ith interest and costs accrt:ing thereun, 5hall t~e secured by this mortgage.
13. That the mailin~ of a ~~~ritten n~~tice ur clemand addressed to the owner of rec~rd of the mortgaged
prer~~isrs, t>i• dirtcted t~> tl~e said t~~,-t~er at the la~t <<<leit°e::, ~lctuall~• fur•nistied ta ftie m~~rtgagee, or directed
to ~~uci ~~ti,~~ler at ~~i~i t~~~~r,~:~geci E~reniises, and tt~ailecl l~~~ rhe United St~ites rr~ails, shall }~e st.tliL~ient notic~
and dern<~nd ir~ an~' c~;se ~i~~isir~g i~nder this insti•timent arid requi?~ed b1' the p1~cs~-isions hereof or b~• law~.
1-~. The r«ort~<~~,ror c~~~t~r~3nts antl agrees that so lung .~,y this mortgage and the said note secured
nei•el~~~ ai•e insure~l t;t~cier t}ie ~~ru~~isi~~ri~ ~~f t!~e V'atioi~al IIoi~~sin~ :~ct, fie ~~~ill i~;~t exeeute or file for• rec~~rd
an~• insti~tmlent ~+~llich imp<~~c~~ a re~irictivn ui~url the ~ale or occta~iaz;c~• of tite mortga~ed prul~ert~~ on the
F>a<~s of race, c~~ic~r~. ui• creed. I'}~un an~' ~~iolati~an ~f kiiis underta~:in~, tl~e mortKa~;ee it~ati-, at its option,
~l~~c•la~~e the t~n~>~tid hal~ince ~~f the ~leht sf~cure~i }'~erel~ti~ immediatel~~ due anci pa~'ai~:e.
Bt~Etl4'~t)~~~ ~
~