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Home My WebLink About1083 thc dcficicncy. Such pay•ment ahall bc made t+ilhi~i thirty (30)~c~uya ett~r writtoa aotice from the ~ortgagce scating the amount of the deficiency~ which notice msy be,~ivea by mail. It ~t any tims the Mortgagor aha~l tender to the Mortgagee in scoordance with the pmv~siona ot tha aote secured hereby~ full payment , ot the eatire indebtvdneea repreaented thereby~ tl~e Mortgsgee aa trustee she~ll, ia ounnput,iug the amount oi ~ auch indebtedne~a~ credit to the account oi the ~iortgsgor e?ny credit bslance remaining under the pmvisions ~ of (s) of said paragraph 2. If there ehall be s default under any ot the provisiot?s of tdis mortgage resultiag in a public sale of the premises covered hereby~ or it the Mort$agee scquires the proper~y otherwise after defeult~ the Mortgsgee as trustee ahall apply, e?t the time oi t4e oommencement of auch proceedings or ~t tha time t6e pmperty ie otherwise acquired~ the amount then remsining to credit of Mortgegor under (s) ot pars~raph 2 preceding as a credit on the intetest accured wnd unpeid and the balsnce to the principsl then remiuning unpaid on ssi~l note. 4. 8e will p~y aD ta~oe~. ~we~ea~enb, wot,ae tat~, and otLee~o vernmeatal oe munioiPv eha~a, 6a~, or impoeltion~, fa wbich providon ~?e not beea mude bereinbstoe~s~ and in detrwlL tbereot ths Mott~es m~Y P~Y ~ Mme; aad t6a! Ls w~11 prompt~y ddiver the o~cial reoe~pt~ therefor to tbe Mortaa~ae. S 6. He will permiR oummil, or su~e~ no wade, imp~iraieat, ot dstedorsf~ of sitd p~pert~ aaqy thereof t ezoept reason~bb woar aad tear• ~ad in tbe eveat af t,be failnre ot the Mort~or to keep tbe buildi~ oa eai~ ~ premises and tbose to be erecte~ on said pnmiees. or impe~ovements thereon. in ~ood npair the Mortgaaee my? make euoh repaiis as in ib dLscretioa it may deam neoeeeary for We Pe'oPer W'esecvation t6ereo~, and tbe full aa~ouat ~ ot each and every a~ p~ymea! shaU bs due ~?nd P~Yabk th~rt~? (30) d4Ys dter demaad, and ~6aU be secured by the liea of tbi~ mort~a • : r, ~ 6. Hs will P~Y all ~nd sinsular the oosta. d~and ea~peosee. Indud~na reasonable Lwyer's fees, sad ooats ~ ot abstracts of title, incurred or paid st any time by o~ttg~gee beoause of the Isilure on the put of the Mortgagos P~'~PVY aad iu1~? to perform the agreements and ooveasnts of aaid prooniesory note and thie mortgage, and said ~ oosts, charges„ and ea~penses ehall be imm~edi~?te~r dus aad p~ysble and shall be secured by t6e lien of tbis mortgK~e, 7. Ha will ooatinuow~? auintain hasud i~unaoe, oi such t~pe or types and s~nounte as Mortgsgee ma ~ trom time to time req~ire, on tLe improvements now or bee+e~tter on said premises and except when payment ~ for all such premiums Las theretofore beea made uader (a oi paragKph 2 hereof ~e will a P 9 P~mptly wLea due any premiums therefor. All inaursaoe ahall be car ' in oompsn?es approve~ by I~i aad the pol't- cies and rene~vals tLereot ehsll be held by Mortgagee aud bave attached thereto loes psyable uses in favor oi and in form acoeptable to tLe Mostgagee. In event of ~oes ha will give immediste notice by mail to Mortgagee, aad Martgagee may make pmof of laee if not mwia promptlp by Mortgagor, sad each inauranoe oompaoy ooncerned is hereby~ authorized wd directed to make payment for such loas directly to Mortqsq~ u~atead oi t,~ Mortgagor and Mortgagee joint~y, snd the insuranoe pmoeeda, or an,y part thereof~ may be apyp~ied by 111or0- ~ag~ee st its option eifher to tha reduction of the indebtednees hereby aecured or to the reators4on or repaic oi tLe property dam~ed. In even0 of foreciosure of tLis mortgage, or ot~er transier of titte to the mortgsged property in e=tinguishment of the indebtednees eecured hereby, all right, title, and int~erest ot the Mortgagor in and to ana? ineurance policie~ t~bea in foroe aball psss b the purcbaaer or gi~antee. 8. He will not esecute or file of record sny instrnment which impoees s restrictioa upon the esle or occu- psncy of the pmpertq deacribed herein on the basis of race. color, or creed. 9. If the premisee, or any part thereof, be condemned under tLe power of eminent domsin, or t?cquireci for a public use, the damages awerde~, the pmceeda for the taking of, or the conaiderstion for such aoquisi- tion, to the extent of the full amount of the remaining unpaid indebtedneee secured by thia mortgage, are 3 hereby asaigned to the Mortgagee, and hie heire or ase~gns~ and shsll be paid [orthwith to eaid Mo~tgagee or his aes~g_nee to be applied on account of the lset mstunng instsUmenLe of such indebtaess• pruvided,~ow- ever, tha Mortgagee or Ws aes~gnee, msy at hia discretion psy direct to the Mortgsgor, Lis ~eire or aesigns any part or all of such award; provided, that if the loan is guaranteed or iasured, the conaen6 of the guaran- t tor or ~nsurer is obtained in advance of said yment. ~ 10. The Mortgsgee msy, st anp time pen ing a auit upon tbis mortgsge~spply.to the oourt having jurisdic- tion thereof for the appointment ot ~ receiver, and such oourt aball fortfiMn a~pou?t s receiver of the premises ~ oovered hereby all and singular, includin~ sll aad singular the inoome, pro8b~ ~ssue~, aad revenues irom what- ' ever ~oun:e denved, each aad every of wluc6 it~~ ezpre~aly uaderstood is hereby mortgaged as it specifically ¢ ~et torth and deecribed in the gr~nting an~ lubendum cLuses hereoi. ~uch appointanent shall be made by ~ ( such oourt as an admitted equity md a matter of ~bwlute right to uid Mortgagee, aud without referenoe to ~ ~ the sdequacy or iaadequacy oi the value of the property mortgaged or to the eolvency or insolvency of s~id ~ Mo r or the defendants. 3uch renta, profits, income~ iseues~ and reveaues ahall be spplied by such receiver ? acco~' g to the lien ot this mortgage and tLe practice of such oourt. In the event of any default on the psrt of the Mortgagor hereunder, the biortgag~or a~rees to psy to the Mo on demand r?s ~ reseonable monthlv ~ reutal for the premises sn amount st least eqwvalent to one-twelith of thea~r~a te of the twelve monthlv ~ installments payable in the then current year plus the actwl amount of the annual tstes, aseeesmenta, water rates, and inauranoe premiuma for such year not oovered by tLe doressid montLly psyments. 11. In the event of aay breach of this mortgage or default on the pert of tLe Mortgag~or, or in the event ~ thst any of esid aums of money herein referred to be not pmmpdy and fully paid according to t6e tenor hereof or in the event that each aad eve tbe atip ulationa, agreements oonditiona and covenante of asid note ~n~ thia mortgage~ are not duly, promptly, and fuUy performed or i~ the Mortgsgor be sdjudicated bankrupt or made detendant in s baakruptcy or rec~averaW~ procee~ingR; thea in either or any sucL event, the said aggre- gate suna mentioned in ssid note thea,rem ' unpud, w~th iatereat accrued to that time, aad all money secured hereby ahall become due and psyab~orthwith, or thereafter, st the optioa of said 111ortgagee, sa fully snd comp~etely aa if all the said suma of moaey were originslly stipulsted to be paid on such dsy, anc- thing in said note or mrthis mort~age to the contru~r notwithstanding; and thereupon or theresfter, st the option of eaid Mort~a~e, without notice or demand, smt st lsw or in equity, msv be prosecuted es if all raoneva eecured hereby l?ud matured prior to its institution. The Mortgagee msy ~oreclose this mortgage, sa to the amount so declared due aad psyable, and the eaid premises ahell be aold to satiafy and psy the same together with costa expensea, and allowances. In csse of partial foreclosure of this mortgage, the mortgeged prnm~ses eLall be eof d subject to the continuing lien oi thia mortga~e for the iunount of the debt not t6en due and unpaid. In such caee t~e provisions oi thia paragraph may agun be sva~ed of thereafter trom time to time by the ~ ~ Mortgagee. ~ ~ 12. No w~iver of any covenant herein or of the obligation secured hereby shnll at any time thereafter be i ~ held to be s waiver of the terma hereot or oi the note aecured hereby. ° ~ 13. The liea of thia instrument ehall remain in full force and etfect during any postponement or exteasion ~ oi the time of psyment of the indebte~nees or any part thereof secured hereby. , 14. This mortgage ia given to eecure the purchese money~ or s part thereoi, oi the landa herein described ? and is e~cecuted and delivered contemporaneouely with the deEd therefor. ? 15. If tbe Mortgsgctr defsult in sny ot the c~ovenants or sgreements contained herein, or in said note, then ~ the Mortga~ee msy_perform the asme, and all expenditures ~includmg reasonable attorney's fees) made bq the Mortgagee m eo dou?g ahall draw interest at the rste pmvi ed for in the principal indebtedness~ sad shall be repsy a~ble thirty (30) dsys aiter demand, and, together with interest and oosts accrued thereon, shall be secured ' ~ by thia mortgage. ~ 16. Upun the request of tbe Mo~tgag~e tbe Mortgagor shsll execute and deliver s aupplemental note or notes for the eum or sums advanced by tfie Mortgag~ee for the alteration, modernizstioa, unprovement, rasin- 1 teaance, or repair oi said premises, for taxea or aseeeemente againet the aame and for any other purpose author- ~ ised hereunder. 3aid note or notes eLaU be secur~ed hereby on a puity w?ith and as fully as d the adv~nce evideaoed thereby ~ve~rse included ia tLa note first de~cribed above. Said supplemental note or notes shall beu aQOK144 481 ~-.,~t~;. ~Y - ~;;_n _ _ . ' ~ . .F= ,.T^. _