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Home My WebLink About1883 the deficiency. Such payment ehsll be made wit~in thirty (3Q~ ~ys ~f ter written notioe irom the Mortgsgee stating the smount oi the deficiency, which ~noWca msy be ~ven by msil. It ~t ~ay tims the Mortgagor shsll tender to the Mortgagee in aooordsace with the provis~oi?a oi the nots secured hereb~, full p~ymen~ oi tha entire indebtednees repreeented t6oreby~ the Mortgagee as tru~tee shall~ in ooanputiag tha umount oi such indebtednees, credi~ w che sccount of the Mortgagor ~ay credit balance remainwg under the proviaons oi (s) oi saidp~rag~ ph 2. If there shsll be a defsult under uny of the provieions of this m~~g~ re~ultang 0 in a public asle of the premiees oovered hereby, or it the Mor uoqwres tbe property ot-h-er~viss ~tte default, the Mortgagee ss trustse ahaU apply~ et the tams of s oommencement ot such prooeedings or at the time the property is otherwise scquired~ ths amount than r~nainiag to creciit oi Mortgagor uader (a~oi pars~rsph Z preceding sa s credit on the intereat accured snd unpsid ead the balanoe to the principal en remiuning unpaid on eaid nate. 4. He wlll pqr a0 t~a~ ~enb, watee nta, and otbee~ove:nmental ce munioiPd ch~rsa. 8ne~, oe ~ and tha~t bs~w~ill pe~o~mpt~jr d~ellv~~ee ~ci~l r~~ t6~efo~r to~f~ Mor ~s. b. He will permit, oommit, or suRe~ no waa6e, imp~irmea oc det~iorution of said penper~ aaqy thereot eaocsp# re~wnsbb we~r aad tear• and ia the ev~eat ot ths ~ ot tbs Mor~or to keep tbs build~ oa eai~ pe~eonises aad t6ose to bs e:ect~e~ oa Mid premiees, oe innpe+ovemeah tLereon, l-~ood npalr t6e Mortg~ee ay1? maloe wcL repairs a~ ia ite di~retioa it may deem neoeeeary far tbspe~per pceeervstion t6ee~eo~ ~ad Lwe full amouat ct a?ch and every wah pRyment ~ha11 be dus and P~Ysbls tbtrty (30) d,ys stt~ee demand~ an'd ~ha11 bs ~ecue~ed by tbs lie~ of thi~ mortsaas. 6. He will pay all and dn~ular ibs oo~ts, dhae~, aad ezpenees. inoludin~ reasonab~e Lwyer's fees, and ooNs at sbattacts oi title, inoorred or paid at aqp tims by tbe Morf~gee bee~use of !be failure on the part of tbe M P~'~P~Y P°~ e6all bs im~ md~t ~y due ~nd p~yabls and a6a~~teoured by tLe lien of this ~nort~~e. ~ 7. He wiII ountinnou~ auintain Lasard ~nsuranos~ af such qps or t~pes snd amounta a~ MortBages au7 4om tims to time requirs, on tbs impro~ea~ent~ now or hee+eattee~ oa ~aid~~+~m~ses aad ezcept wLen pyment tor all such premiums h~s tberatofors beea mads under (a oi p~ragca~?h Z hereoi ~e will p~y promp whea due aq~ p~+emiums tLeretos. All insuranoe sLall bs ~ ia oompan~~ apPro~e~ b~ M ~gee and~ p~- cies ~nd reaewab therooi aball bs beld b~ Mortga~es and La~e attacLsd tbereto 1o~s p~~aba ~gclanse~ in t~ror a~ os s~ad ia form aooeptab3s to the M In eventi a~ lo~s Ls will give immediats noti~oe b~ mail to Mortgag~es. aad M my m~k~s p~rooi ii not mads pa~ompt{~ by Mortgagorf and e~cb insunaos oompaq7 oonosrnedrn ~b autLor;~d and dirsated tio malos p~ymeati !or such 1o~s du+ec. tio M iastead a~ to Mort~a~or aad ~ortQages joia~~ ~nd ths insuranos prooeed~, or aq~ Part tLee+e~~ma~ bs a~ p 1ed b~ biort~ ~~es at iv option eit~er to the uction oi the indsbtedne~s hsrsb~ ~ec~ued or to t~e reston~n or rs ' o~ f,he propert,~ dam~g~ed. In event oi foreolosurs oi t~his mo~, or ofh~ transter of title to t~s morlt~~ed in ia~d ~o~ oi tbe indebtedneN ~ecured Lersb~; aII righ~, ~itle~ and int~era~t oi tbe MortQ~ot aq~ msuranos poliaies t~a in foros aball pw to ths purd~aser or ~rrantes. 8. He will not esecut,e or Rle of reoord aqy inst~rument which impwe~ a restriction upoa the sale or oocu- p~aay oi t6e property de~xibed herein oa the bssis oi raos~ oolar~ or creed. 9. If the premisee, or any psrt thereof~ be oondemned under tLe power of eminent domsin; a~ aoquired for a public use, the d es awarded~ t6e proceeda for t,be~~ of, or the conaiderstion for such soquiai- tion, to the extent of th~ull amount of the remaining unpsid iadebtednees secured by this mortgage, are hereby asaigned to the Mortgagee~ and his heira or sasigne. and ehall be paid forthwith to eaid Mor-tgagee or hia nee to be appli~ed on sccount of the last maturing installments of such iadebtneas• provided~~Lo~r- ever, the ortgagee or his assignee, may at hia discretion pay direct to the Mortgagor, bia ~eire or aesigna any part or all of such sward; pmvided, that if the loan is guaranteed or insured, tihe oonsent of the guaran- tor or inaurer is obtained in advence of said ymeat. 10. The Mortgagee m~y~ sL any time pen ing ~ suit upon t~his mortgsg~e ~pply.to the court hsvintc jurisdic- tion thereof for the appointment oi s receiver, and such oourt a6all fortfiwit~? a~pomt a receiver oi the premises oovered hereby all and sing~ilar. including all and singular the inoome, profit~, usue~, and revenues imm vr6at- ever souroe denved, each and avery ot which it~~ ezpi^ee~ly understood, is hee+eby mortgag~ed as ii specificallp ~et iorth and descxibed ia the grsnting and Labendum clauses bereoi. Such appointment shall be made by ; such court as aa admitted equity aad a motter oi abeolute sigh~ to said Mortgagee~ md without referenoe to ; the adequacy or inad w~cy oi tLe value of the property mortgaged or to the eolvency or insolvency of said ~ uacy ~ Mo tgag~ r or the defen onts. Such renb profits, iaoome, iesue~, and revenues shaU be ~ppLed by such reoeiver ~ acco~rd~ _'ng~ to the lien of tLis mortgage an~ the practice of such oourt. In the aveat oi any default on the part ; oi the Mortgagor hereunder, the Mortgag~or a~rees to pay to the Mortgagee on demmd as a reasonable monttilv : reatal for the premieea an amount st leas~ eqmvalent to one-t~relfth (3{,) of thea~r~~ te of the twelve monthlv ' installmenta paysble in the then current year plw the actual amount of the annual t~ses, aseeasments, aater ; ri?tes, and inauranoe preminms for such year n~ot oovered by tbe afore~aid moatLl~i psyments. i 11. In the event of any breach of tbis mortgags or default on the put of the Mortgagor~ or in the event ; that any of ssid sum~ oi money berein reterred to be not pmmptly sad fully paid acaording to the tenor hereoi s' or in the ev~t thst each and every tbe stip ulations, agreements oonditions, aad oov~ante of said note aa~ this mo~tqage, sre not duly, prompdy, aad t~illy parformed or i~ the Mortgagor be sdjudicated bankrupt or made defendant in ~ banlmiptcy or receiverahip pmoeeding~R tbea in either or_any such event, the uid aggre- gste sum mentioned in said note thenremunwg unpaid~ ~nth interest ac~rned to thst time and all money ( secured hereby ahall beoome due and psyable forthwith, or tbendter, at the option of eaid Mortg~gee, as 1 fully aad comp~etely as ii all the eaid aums oi money were origin~lly wpula~ to be pud on sucb d'y, sn~- thing ia said note or m this mort~age to the oon~ not~vithatanding; and thereupon or thee+catter, st t~?e option oi ssid Mor ~gee,~ withdu~ notice or demsad, s~ut at law or in equity, inay be pro~ecuted as if all monevs secured bereb~ y hed matuted prior to its inatitution. The Mo~~g~ge~ msy foreclose this mortgsge~ as to t~e amount so declared due and p~ysble, aad tLe said premises shall~e sold to sstisfp and pay the same tog~ether with ooata e:penses, and allowsnces. In case of partial foreclosure oi tbis mortg , tLe mort ged prnmises h shaU be so~d subject to the c~ontinuing lien of this mortga~e for the smount of the de t not then ue and impsid. In such case tbe pmvisions of tbis paragrsph may again be svaled of thereaiter from time to time by the ~r Mortgagee. 12. No wi?iver of any oovenant herein or of the obligatioa eecured hereby ahsll st any time theresiter be , i held to be s wsiver of the terma hereoi or of t~e note secured hercby. 13. The liea of tbis inatrument aLall remaia in tull force and effect during any poatponement or e~tension ~ oi the time oi payment oi tbe indebtednees or ~ny part thereoi secured hereby. 14. This mortgage is given to secure tbe purchase money, or a part thereot, of the lwda herein deacribed , aad is ~ecuted md delivered cont~mporaneoualy w?ith the deed therefor. . 15. If the Mortgager default in aay of the ouveaanta or agreements c~ontaiaed herein, or ia ssid note, t6ea tbe Mortgagee may,perform the same, and aU espenditures ~mcluding reasonable attorney's fees) made by the Mo~ m so dou~ shaU draw intereat at the rste provi ed for in the principal indebtednees, and shsll be npay sb e tl?irty (30) d~yr after demaad, aad, t,ogether with intereat and uosts accrued thereon~ ahall be secured ! by thv mortgage. j 18. Upon tbe requeet of the Mortgagee the Mortgag~or atull execute aad deliver a suppleaneatal note or notes for t b a wm or s~mas a dvaa c e d by t h e Mo r t g s g e e for t he a l t e n t ion, m o d e, r n i s a t ~ i o n, i m p r o v e m e n t, m a i n- ~ o , teamoe, or repair oi ~ a i d premises. for taaea or a~eeesmenta agains t t h e same a n d for aay o t h er pu r p o s e a u t L o r- o°~ ised henunder. ~id note or notes shaU be secured henby on a puity wi t h a n d as f u lly as i f t he a dvance evide~oed thereby were included in the note fint de~xibed ~bove. Said supplemental aot,e or note~ sh~ll beu - ~ - - - : tl t- .;:=si