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Home My WebLink About1366 . . the deficieACy. Suchp~ym eAt she?ll be meda ~vithin thirtv (30) deys ~?tter written notice tmm the Mortgsgee etatu?g the amouat oi the deficiency,. w' tice ma~r, 'vea by me?il. Ii st eny time the Mortgsg~or siisll tender to the Mortgsgee in scoo apc~ th the ~ Da Ot W1A AQt9 eeCl3~ ~18~'8by~ full payment f oi the entire indebtednees repreeented thereb~?, e Mor as trustee ahall, in oumputing the saaount oE i such indebtednees, credit to the acoount of the hiort,~ngor ~ny ctedit balance remuining under the provieions ; of oi asid~t agrtph Z. If there ahall be s defauit under any of the pro~ isioas of this mortgage resulting ! ia a public s+~le o( the preaiises eovered l~ereby, or if t.he Mortga~ee acqui~es the propetty othetwise after default, the Mortgagee ae truetee ahall apply, st the time oi t~e commencement of such proceediags or st the time the property ia otherwise acquired~ the emount then remaining Lo credit of Mortgagor under (a) ot pats~rsph 2 preceding aa s credit on the int,ereat sccut~ed aad unpaid aad the balance to the principal then remstniug unpaid on said nots, 4. He wtll pyr all ta~oe~, awe~mta„ wstee ist~e~, and olbee ao~aram~n4l oe munieip~l oh~rea, Bne~, or impaitiom, io~ wLioh prorieio~a ~ not been m~de Lereinbeta~e. aad in detaui! thereof tbe Mort;,a~ee ma~Y P~U? ~ •ms; and tt~?t Ls wIU pe~ompt(p ddive: t6e o~ai~l t~eo~ph tLerefor to tbe Mortg,~g~ee. 6. He wW permit, aommit, ac a~ee ao wa~er im~irmea oe det~Iorution of said properl~ a p thereoE e~oept re~onsbls weat and t~s• and ia t~e event of iLs ~ure oE !he Mortpgor to keep the b~~dia~ on ssi~ L`t~ &3 2t8 ~ t~ Qs ~~rot~ata ~j in gQQd reg~?ie !he Mortsa~ee ma~r m.~Oe .ueh repaiis a~ ia its di~eretioo it may dee~n neoeeeary ta~ the pe~op~ preservsuon thereo~ .ad tbe tull amount at eaoh and every atio6 p~yment a6v1 bs due snd P~U?~ ~Y C~) d~Ys dt~ de~and, an'd ehall bs ~ecured by ~a 1~ea of tbi~ mo~e. a. He wU! P4y all and dr~uL~r tbis aosts, and ea~pemies, indudin,~ re.somsbk L ot sbdraat~ of titk, iaaurred or p~d ~L a~? tima t~~es bem?uee of the failure on t~he fee~„ ~nd oosh pe~omptbr and iu1~ to p~form t1a s~eb~eats and o~venanta ot aaid he P~ of the Mort~or ~w, ~~Bb. snd ea~pen~ea sLall bs due aad ~°n°1°°O~' note snd thia mort~e , aad e~d ianmedi~ Paysbb snd e6all be secuced by the lien of this mort~y~a 7. He w~l oo~ntinnon~ maintdn basae+d iasu~nnos, oi such type or t~pes and amounts as Mortgag~ee ma~ Lc~om time to time requirs, on tbe impa~+usaments now or bernatter on e~id p»miees and eucept ~vhea pa~yment tor all such premiuma l~~s theretofors been made under.(a oi paragraFh 2 hereoi ~e ~vill pqy promp~,~y wLen dus iuqy premiuau t~?erstor. All insuranoe ahall bs car~in companus ~PPruve~ rtg~ and tb pok a~es ond renewals thereot aball be Leld b~ Mortgagee and b~ve att~ched thereto loas ~yable cGusee in favor oi aad in form sooeptable to tLe M In event oi loes ho will giva immediate notioe by mail to Mortgages, aad Martg`ag~ue my maks proof o ii not made Pt'omP~Y bY Mo~B~B'~r, and each insuranoe oomp~n~ ocncerned ~s hezeb ~uthori:ed and direct~ed to maice p~yment far such loes direc Lo Mo~~ iaet~ead oi to Mortgag~or aad ~ortgage~ 'oin~y , sad the i~uraaoe Prooeeda, aRY P~ there~~may be ap,~7ied by 1liorw ~~gee st its opt~on either to ~ reduction oi the indebtedneee hereby eecured or to t~he restora4on or repair of ~he propert~ dsma~ed. In event oi fore~osnre of t~his mortgage, or other tranafer of title to the mortg~ged perty in e~tingu~aLment oi the indebtednese secnred ~ereby,-all right~ tatie, sad interest oi tLe Mortgag~or ere aad to aq~ insusanoe poliaies thea in foroe aball paes to tLe purcLaeer or g~antee. 8. He will not ~ecute or Sle of record any inetrument which impoeee s reatrictioa upon the sale or occu- pancy of the pmperty deBCribed hereia oa the baais of race, oolor, or creed. 9. If the premisee, or any part thereof, be condemned under the po~ver of eminent domsin, or soquired for a public use, the damagea awarded, the pmceeds for the ~ of, or the conaiderstion for auch aoquisi- tion, to the eatent of the full a~nount of the remaining unpaid in ebtedneee secured by t~his mortRage, are hereby assigned to the Mortgagee, and his heirs or assigna, and ahall be paid forthwith to ~aid Mortqagee or his ee to be applied on account of the last matunng iustiaUmeuts.of sucb indebtnese~ provided,~ow- ever, the ortgagee or hia assignee, may at hia diacxetion pay direet to t,~ie Mortgag~or, his ~eu~ or aseigne any parL or all of auch award; protinded, that if the losa ia guaranteed or insured, the oonsent of the guaran- tor or insurer ia obtained in advance of said yment. 10. The Mortgagee muy, st enp time ~en ing s sui~ upoa t,his mortga~e~spply.to the oourt hsving jurisciic- tion thereof for t6e ap intment oi a receiver, and such oourt e6a11 fortbvn s~pomt a receiver of the premisea covered hereby all ~aingular, includia~ sll and sing~ilar the iaoome, profits, iasues, sad revenues fmm whst- ever souroe denve~, each and every of a*tuch it being ezpreeely understood, ia henby mortgsged ~a if specifically set iorth and deeixibed in the granting and habendum ct~uaes bereof. 3uch appointanent shsll be made by auch oourt ae sn sdmitted equity and s matter of sbsolute right to said Mortgagee, and without reference to the adequacy or insdequscy of t6e value of the p;operty mortgsged or to the eolveacy or iqeolvenep ot said Mo r or the defendants. 3uch renta, profita, income~ iesuee, aad reveau~ ahsU be spplied by such receiver ac:co~~ b the lien of t6is mortgsge and the practice of such oourt. In the event of any defaulL on the part of the Mortgag~or hereunder, the Mortgagor ,e~rees to psy to the Mo on demsad as a reasonable monthlv rental for the premiaea an amount at least equivalent to one-twelf th s) of thes~r~s ts of the Lwelve monthlv inatallmenta payable in the then current year plua the actual smount of the annual ts~es, a~asments, aster r~tea, and ineuranoe premiums for such year not oovered by the ator~aid monthly p~?ymeuts. ~ 11. Ia tha event of any brcach oi this mortgage or delsult oa the part oi tbe Mortgagor, or in the event tbat any of said sums of money herein referred to be not pmmptly and fully pud ~?ccordiug to the tenor hereof or in the event thst eacL md every tbe atip ulationa, agreementa oonditiona, and oovenanta of said note snc~ this mortgage, are not duly, pmmptly, md tully pertormed or i~ the Mortgagor be adjudicat~ed baakrupt or made detendant in s bank:vptcy or rece~vershi~ proceedings; then in either or eny such ev~t, the said aggre- ~ gste sum mentioaed in said note thenremun~g unpud~ with intereeti ~?ccrued to thst tame _aad all money w secured hereby shall become due aad psyable forth~vith, or thereaiter, at t~he optioa of said 11iortgag~ fully and comp~etel~ as if all the eaid sums of money were originaUy stipuLted to be paid on such dsy, sa,~c~- thing in said note or in this mort~sge to the oontrar~ notwitLstanding; and tbereupon or thereatter, st the option ot sud Mor~, without notioe or dam~nd, swt st l~w or ia equity, may be proeecuted ne if all moneve secund hereby ed matured prior to ita institution. The Mo~ msy foreclose thia mortgage, se ta t~e amount so declared due and payable, aad tlie uid premisa shall sold to satiafy aad pay the s~me together with oosts expenses, snd allowances. In case of partial forecloeure ot this mortgage , the mortgsged premises sh~ll be so~d subject to tLe oontinuiag lien of t,his mortgage for the ~riount of the debt not then due and iwpbid. In such ca~e the providons of this paragrsph may agaui be ava~ed of thereafter irom tirae to tirae by the Mortgagee. 12. No ~vaiver oi any oovenant hereia or ot tbe obligstioa eecured hereby shsll at i?ny time theresfter be held to be a~vaiver oi tha terms bereoi or oi tbe aote secured bereby. 13. The lien of this instrument shall remain in full force and effect during sny postponement or exteasion o~ the time oi payment oi the indebtedneas or aay psrt thereoi secured hereby. 14. 1'his mo~tqage is given to secwe the purchsas monep, or s part thereof, of the landa herein deecribe~ io ~ and is esecuted aad delivered contemporaneouely with the deed therefor. ~ 15. It the Mortgagor deisult in any of the oovenants or agreements contsined herein~ or in said note, thea the Mortga~ee may pertorm the asme, and all expenditures ('mcluduig reseonable attorney's fees) made by the n mg Mo in so do ahall dnw interest at the rste pmvided for in the principal indebtednesa, snd shsll be repay s~b e thirty (30) d~ys dter demaud, and, togetLer with interest and c~osts accrued thereon, a6all be eecured ~ by this mortgsge. ~ 16. Upon tbe request of the Mortg~gee tbe Mortgagor ahalt execute and deliver a dupplemental note or note~ for the sam or auma advaaced by the Mort$agee for the alteration, modernization, impmvement, main- - ~oe~ or rep~ur of said premises, for taxes or aseeeements against t6e aune and for any other purpoee suthor- o ited L~avnder. S~id note or notes aLall be aecured bereby on a psrity with and as i~illy as ~i the sdvaac~e evideaaed thenby were iacluded ia tLe note fent described above. Ssid aupplemental note or notes ahall beu a ~ r~ ~"n~s . ~3~ ~ . x-~ - r] _ ' ~ _ . r „t.,