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Home My WebLink About0346 Ehe de6ciency. 5uchpaym eat shalt be made ~i?ithia t,hirty (301 dU?s dtee writtaa notice [ruaa'the Mortga,gee ataiiag the amonnt o~ the deficiei?cy, which n~ ~~e pEivea, . Ii at aqy tuas the Mortgagor sleaRl t~eadee to ths ~[ortgagee in aooordiu?oe ~d~b ~~~t"l~bviuon~ ~o~e secured hereby~ tull p~4ymeat oi ths entiit~~s indebtedness repreeented thereby~ 6he ortgsgee w t~u ahaU~ in oompu~ing ths ~?aaoua~ ai e such indebtedpess~ ci+edit to t~he aooouat oi the M~r awr credi~ baianoe remr?inu~g under Lhe prowioas of oi saidparagr~ph~. It there shsll be s det~ 6 under ~y oi Uu provisioas of this mortgage resulting ia • publio eav o( t,he premises oovered hereb~, or it the M aoqwres the PrAP~Y otherwise dter det;ul~, the 11~o~tg~8ee as trwtee ahaU sPP1Y~ ~t the time oI e~oommencemeat oi such pmoeediags or ~t . the~time tlte propert~ is otbenvise ~oquired~ the omounti thea remaining to credit of Mortgagor under (a~ot • p~r~raph ? preoeding as R credir oa ~he interest accured sad unpud snd Lhe balance to tha ptincipat en ~~~8:1~P!~d on sai~i n~?te. ~ ~L. He wfII pyr a~ ta~oe~, rermeaq, wste~ ~?fe~. s~d ot6~ee~umen tal ae muai~ipal Soe~. at imporitioo~t, fa wbio~ p~o~Lbn has aot been m~M beeeinbetae, aod !a ~etauk tLereof t~6s Moet~~ses mN? Py t~ a~m~; ~nd ~i b0 wilt pe~oaopt~ deli~re~ tLs o~oid reeeip4 ~Lerefor tio t6e Dda~~. !i~ He wW aom~o~tt, a wQee ao w,~a, cr deMeior~tioa of rid pe+ope~l~~r a tLeeeol eoaepi :~~oo~~we¦t ~ad t~eas• aod is tb~ a~n~ at ths urs oi ibs Mor~oe to keep tbe but~np ou ~ pe~emi~er a~d thore to bs ee~ oa ~id pe~emi~a, oe i~np~ovea?ena tbeceoa, 3n ~ood repatr tbe Morta,~~ee mw? m~ioe ~ repaie~ a~ to i~s di~oe~ioa ft mt~r d~em neoe~r~ ta tLe~pee p~+e~e~vstioo tbeceo~ ~nd ths fuu amona! ot e~ah ao~ evee~r ~ye6 pyrmen~ i~fl bs ~s and P~U~~ ~i ~U?~ ~nd ~hall be ~eeared 6~ ~ 1M~ at iLi~ moey~. ~ ~ ~ ~ ~ ~ d. 8s w1D p~pr aY wd i~ut~r th~ eo~ el~~a~d aspea~e~, iaoMdin~ re~soosbie bw~e:'~ iees~ and eo~ts at~brtaaedof tlti~, ~+ed or paid ati sq~ tltae by ortp~es beosure c[ the failure an tbe vt We M ~ ~b ~~P ~~i be i~io~?~r due aod pyabis~ ~ad b~y tLe 1ien~~c~~ ~ Hs wjD oootinn~n~ ~aiat~in ~ssrd iawranos, at such t~ps ~ sud amonats ~s Mortgages ay1 4om tiwas to dms reqa3h„ oa tbs im~.e~ent~ now a~r 1ree+e.l~ee oa ' and ~oept wLen p.ymenti ~ sae6 pe+smiums h~a t~e~stotae+s b~en made nnder (a oi p~rages~ bareoi will promgd wLeu en a~ p~+e~inno~ tbs~+~tor. AD insnrmos s6aD bs ' ia oomP~n~es ~?PP~+o~ b7 ~~~B~aBes and ~ po1i• de~ ~ad reoaw~L tlrsreot ~Lall bs beld b~ Mortg~ges aad hsms ~ttached thersto IoM pa~abb clause~ in i~~or oi orm soQeptabk~t~o ths M In e~eant c~ ba~ Le mill gi~e ia~mediate notiue b~ mail to I1~ort6~8'~. a~T maks ~oa~tA~~ it n~ti mads peampt~ b~ Mortqagorl and e~cd insunoos aomp~ oano~roed~~ ~s~.L~b , antboci~d aod direo~ed t~o mai~s pymen~ ior such bes du+ec. to M n inst~ead ai to A~o:lg~ and ~ rt~a~~on , ao~. ~ ipau~ano~ p~oeeds, ar w~? p~t tha+e~~ my be~ i~ b~ l~iorfr ~~ges at id o,pt3oa.ei~hic ~o~tbe ~uctaon oi t~ra iadebtedaees hs~+e~~ secured or to t~e rata~ratwn ar repiur at ~s tbs psnpelrl~ dsiru~sd. ~ In s~enf oi forecioa~rs-ai t~6is or oti~ear traosfee oi title to tbs mortg~ged p~+~part~ ia t oi the indebtedness secnred he~reb7~ right, title. aad interest ot ~he Mortgagor is and,~o ~p insursaos policies t6en ia foros ~hall pw to iLs pureb~ee or grantes. & He w?ilt noti e:ecute or fiIe oi reoot+~ sny instrument whicD imposes a restriction upon the sde or oocu- P~7 ~ PmP~'~Y des~xibed herein oa the baei~ of race. oolor. or creed. 9. 1f'~he premiaee, or any part thereof, be aondemned w~de~ tbe powar oi eminent domsin, o~ aoquired for a public nse, the ~es awarded, the prooaeda ior t6e ot, or the eonaider~tion ior such soquiai- tion, W the ~euteut of the ull e~mount oi the remwwng uapaid~ebted~aees secured -by this mort~e hereby e?esigned to the Mortgagee~ i?nd hia heira or aeaigns wd ehsll be th M~-' are or Lis ee to be ed on aa;oun6 of tbe lsat nn~ P~ forthrvi to said o ~g ee ~ sPpli wuu~g installments oi suc~ indebtnes~• provided,-how- ever, tLe or ee or his aesignee, maq st h'vs discretion pa~ direct to tLe Mortgagor, hia ~eirs or sesigna ~nY P!!rt oF ~ll~s~ award; pro~ided, th~ti if the loan is guaranteed or insured, the ooaseat ot the guaran- tor or ~sw~c is obt~ained in.ad?au~e of eaidpaymeat. 10 The Mort;agte maY, ati an time ~ending ~ wiC npon t~» mo ~PP1Y to the ao~ut hwving juriedic Lian tbenoi ior tLe ap int~aeat o~. r~o~o~c, .nd s~ eourc e~.u to~t~ a~pointi ~ receivei~ of t6e premises oovered Lenby ~tl ~iingolar~ indudin~ ait and aingular the income, pra6ta, ~ssues, aad re~enues from rvhat- ave~ sonroe den~ed, each and every of w}uch i~t b~eu'~g exprwly undeestood, is h~eby nwrtgaged as if apecificaily •et tor~h and de~cribed in tbe grsntang an~ babeadum clauses Leeeof. $uch appoiat~men` ahaU be made by anch eourt as an admitted equi~y and a mat~ oi abso~u~e right tA said Mortg~ee, and nitJwut rste~reaoe to the adequacy or inadeqwcy of tbe vdue oi tbe property mortgag~ed ar to the solveaey or insolvency of said Mo r or the defeadants. 3uc6 rents, pro8ta. ~neome, ~ssues, sad re~enues s6aU be applied by auch raceiver ac~or~ing~' to the lien of tLis mortgages aRd tbe prucuce of such oourt. In the eveat ot any default on the put d tbe Mortg~or heraunder, the Mortgagor a~+eea to pay to tb?e Mo on demsad as a reasonable monthlv rentsl fac tbe proanis~s an smount at le,~st equivaleat to on~t+velftb oi thes~r~a te of tbe twelve anontblv installmenta payable in the then cument year plus tbe actual amoun6 oi the aanual ta~ces, asseesmeats, wrater ratea, and 'msuranoe prepaiwns for auch year noti covered by ths aiore~aid moathlY P~?Y~~ l l. In tha a~eati oi sny breach of tbi~s mortgag~e or default on tbs p~r! oi tha Mortgagor~ or in tbe event that aay oi s~id sums oi money hereut nferend to be not prompdy aad fuUy paid aooording to the teuor hereof - or in tbe eveat that eacL sad avery tba stip ulations, ageeemeata oonditions, ~nd ooveawta of aaid note unc~ this mortgage, are not duly, Pd'on?P~Y, rad fnU~ performed or i~ the Mortgagor be adjudicated bwlnvpt ot nude deteadant ia a baakruptcy or reoezvaship proceedinps tbea in eit~hec or any such eveat, the s+aid aggre- gats smn m~tsoned in ~sid. uo=e thenre~a~am~g unpiud, w?~tL iakna~ acctued to that time, and all moaey iecw~ed hereby shsll beoome due aad payable fortbvrith, or tLenatter, at tLa optiun of said I?iortgs~e, as tullT aad oomp~etely as it all t~s said sums oi money were origiaaily stipulr?f,ed to be paid on such dsy, an,r- thiug~ia said iate ot m~s mort~agr to t6e oontrat~r not~rithstandiag; aad tbereupoa or thereafter, st the option ~~tgsgee, ~t nouce or demand, awt ~t law or in equity, may be proeecuted as if all monevs tiy Lad p~rior to its instituuo~. The Mo may ioreclase this mortgage as to t~e se , atnount w declared due aad P~YaWg and fbe ssid premi~es sha11 aold to sstisfy and P4y~ the same together with oost,~, expeases, and allowances. In caae of putial foreclusure of this mortgage, the tnortgaged premises shall be s~ld aubjeet to fbe ooatinuing lien of this mortga~e for fLe amount of tLe debt not then due and nnpsid. In such ca~s tbe pa~+o~ions oi t6is par~gesph may agam bs ~va~led ot thereaiter iroin time to time by tLe Mortg~ee. ~ 1~. No ~raiver oi aa~ coven~at he.rein ~ oi tbe obligatian aecured hereby shaD at ~ny time thereatter be Le1d to be ~ waiver o! tba tesms bereoi ar of tha not~ securad bereby. . 18. Ths lien oi tLi~ ms4~a~n~t ahsll na~ain in full ioroe aad effect during any po~tpoaement or exteasion ai tbs t~ne oi payme~?t of fhe indebtednew a~ aay part tbereof ~ecured Lenby. ~S ~ 14. T1~is pge ~n givw to secura the purcb~se nwna~, or a part theceof, oi the lauds herein described ~ sad i~ e~ewted~~uui delir~red cont~eu?gonaeoUSly witb tbe de~d therefor. 1S. Ii tbe Ma~tgagnr default in say of tbe oo~en~ats or ~g~eerne,ata ooatained Lereia, or ia said note, tbea tbe Mortgs~es may perform the wne, aad all eapenditures~mcludiag reaeonable attorney's fees) msde 6p the M ~a~ in w domg ~haII draw interest ~t the rate pro ed for in We priacipd indebtedae~s~ sad ahal! be ~ reps~ p_able thirty (30) days dter demsnd, and, tog+ether witL inter~at and oosts a~ocrued ~hereOn, shaU be accured ~ b~r f,his mortgagre. . 16. Upoa tbe reqeust oi tbs M tLe Mortg~g~or shsU eseeute aad ddivec ~ wpplemental note or ~ aot,es foe tbe wm or wm~ adv~aoed b~Mortgsgee tor the aiterstion, modrrnis~?tion~ improveaaent, ras~- 0 0 ~R~O°' or repair of said pnmi~a~ tor tases or aa~m~ab against tLe same and for aay otLer purpose aut~r- i~d ~ee+evnder. 8sid note or aotes ~haD be secured hereby on a parity writh and as fully as if the ndvance e~idasoed tbersb~ wei+s iaciuded ia tbe not,e fint dacribed abo~e. Said ~upplemental note or not~es shait bear ~ , a ~ - ~I~I ~ r,.~ ; ~ ~ - ~ ~ ti T` Y~ a 1~~.,..