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Home My WebLink About0719 ot tAe ~tortsa~ b~oon~ ~maMat~t~b? dw u~ py?aWa wtuwue nocto.. u?d proa~dlnss mv a fa~atuted b~ th~ Horc- pse~ foz tM reoo~v~:p tM~ot ti7? tonclonu~ ot thls Morts+~t~. ar !a ~qp otMr aaann~s pescottted D7? law as tM ~ort. i~~m~ N~ct. WWias !s tM s~otR oe in Ws 1[orfia~ oonWmd to tM ooatsar~ tMreto aotwlthstaodtin`. Upoa foer- clowe~ ot tWs l[oetf~. tA~ Yo~a~t~ ~a11 M aUo~w~d a a part at tM ladebt~dnw ss~wlr~d Mr~b7. aM tl~ 1[ort- ~ ' .oa c~~. c.~ ~o a:: ~ac ~ o~aae ~ nw ~ .na~. ~s ~ r~ Iap are ~ettled Detor~ tbe eoow:anmatba tbee+eot or ua entr~? ot ~udpneat, W s~ch ood~ aad e~nNS aaA otMs cbarps ~o lacurred. lael~Wlns a rwooaD4 atto~a4'~ ~e. s6W arvertdlNS D~ paW. ZLe ~[o~ane or iuV P~rt' 1~ vl~ ~ be ~r~cded ~aw~at~b upon ~ oe ta~an,Y~tbtieatt~rr~. wd notNat ahall~ooostnrsd to be~i waiver of weh si~t unl~s ~n?18eaosd b'7 an f~trwaent 1n wriNnt W that eQect dub ~culed b0? tM ~tar~ae ZLe ~[ort~asae walvw ~11 rlsh! a[ boawstMd wd ~nDtfon iranted ~ t~ Qo~nstit+utlan ~nd Lws oI F~aeW~. AND TAS MORZ~(iAGOIt FURTHER O~NV~NAN1~t /?ND AGR~ffi: 1. Zb pqt tt~t p.'fndPal fndeDtedaas wlth intered as 1n tbe note ~provWed. To pq nwuthtP tmto tLe MottQagee. in aadition to and at tLe tlme aad pl~oe foe ea~h paynnent of prlndpal and latere~t. an i~talhneat d eich d the tollaw- in~ ebat~as. (v 1laxes ~nd ~enttr teoeral or spedsl. and ~11 otRer eliar~es Ltvted or to be levled a~atost tht premises. (b) Preidums to beoan~ due uW ps7able lor. and to renew. tae iawranca oa tbe pr~fas a~afmt la~ b7? nre and a~eh othar lusat'dr? caswlttea ~ad.ooatlr~des as herela P~~ ior or reQufr~d Le~o~a tlme to tlma ~ The ~nount ci the n~pectlw mantbV im~iltneab sba11 be Mual to tbe _ amoun! of tbe annual rapeettve charQe next i due (as eWmated b~ the l[orkare). le~ ~ll ~ts alrc~y W1d tbertio~'. dlvldsd b7 tbs nunober a[ montblY fn~ ; ~allaaa~b t~erefor beooonini due aot Lt~r than aos month prbr to tM due date ot aqy rteh c6ar~ and sball be sub- ! ~ect to fncz~se oe dece~ to tbe enteat requited Lo creaLe as at a moatl~ paymeat date on tDe note aot las tban oae ~ manth Pdoz to tDe due date at aep me~ ebar~e. an aawunt su~ident Lor tse p~yment thercot wha~ due ~nd psyable. In no eveat ih~ll tM Mort~a~ae recetvh~f ~ P~Y~t be Wble for aay lntered a~ a~q ~mo~unt pafd to it as herein reilulreiL aod tM moneq ~o rcoetred aW be bebd with !ts awa fun~b P~~t P~1Y~nt or appUdWon thereof as hereln pravidsd. Zbe D[ort~ato~' ~ari fural~h ~.nto the l~orf~ee at lewrt Stteen d~,Ys before tbe due date aa oa1cW statemeat ot tee amounc ot an~? wces or a~nents neuc dua aoa suca ~aortsa~e aLalt w the aba?e cbar~es to the amount o~ tLe tb?en unwed ceedtt theretor ~s and wl~en the7 beooa~t ~a~aU~ dw and pqable. The MoKga~ee m~Y. at its optio~. pU? aa~? a~ snch ebar~es whea pqable. Mther besore oe atter tba7 ar~ 8eltnqum~ wfthout aoWx, or make advanoes theretor fn e~ooert ot tl~e tbea amount ~ credlt tor nid ~1'L~ e~ooe~s amonnt advanoed ahall be ianmedlata~t due aM pqa~le to tbe l[ort~~ce and s1~a11 be ~ecurcd as aa addi DrlndP~l sum w~der tWs lnstrua~eat aad bear t6e aune rate ot lnterest imm dde at advanaeme~t as tbt p:incipat lndebtedaea. M oaldal ieoe~pt theretor sAall be ooacludve evldenoe ot wch p,yment ~nd a[ tbe vall~4 0[ ancb char~ea TLe Mort~a~ee may aPP4 credib beld by !t for tl~e abuve cMe~es. or W Part t~xwf. aei aocount a~ W ddl~Wuent installmanb oi pelndpal or Wterert ar anp other payments matudni or due under thls indtumeat aad tLs amount ot credtt e~dstlas at aW? tlme shall be rMuoed by the amount tsereo[ paW cr appllcd as herdn prnvlded. The amount oi tLe e~ credtt bereunder ~t tLe ttme o[ Ro,y trnndu o~ the ~ pinpetq? iLall wlthont ad~mest tbet~eof 1n1u+e to the beaeIIt of the suooea~or ownet of tb! propesf,r and i~ll be opplled i unda~ u~d tubject to all ot the provWo~ hereos. Up~ tl~e MYment ~ln turi of tbe lndebtedna~. the amount of aaq tu~used ccedit shaII be appifed to the psyment thereoL The Mort~ee maY oollect a"late charge" not to acoeed four cents t~e) for each one dollar (~1-.00) of euh monWy inswlanent pqment re4uired on the note and nader this Mortgage whicL !s more than niteea (181, d~ys In arceais„ to caver tbe eutrs ~nse lmrohred fn handltng dellnqneat p~ymenL. 2 To psy. whw pqyable, alI taxes and as~sment~. 6eneral or spedel. ~vater ren4 and p~a~nd renb uW all ot6er ~ wbtfsoe~ver levkd upoa or.as~e~sed er plaoed a~ainst Uu Premt~s. PmvLdon tor whlch bas not been znade Lere- lnbefore. and wW P~PVY deliver the o~icial recelpts therefor to the MortQagee: to likewire psy all ta~ce~. aremaeab and otDer N~ar~er. levled upon or as~e~.d. P~aced or made aSaiast this instrut~n~t, or the indebtedaas or atp? interest oi ths Mort~ee in tLe prembea a~ the obll~stiona secured herebY. Provlded that tbe paynment ot aqy wch taz as~eas- meAt or chaRe D7 tbe Mort~agor V~t oontnq? to Lw or wouid not result in the p~yment o~ an unlawfiil r~te ai lnter- est on the lndebtednes hereby aecured. In the event o1 the passa~e aftes the date o[ this f~trument at au~? Lw oi the gtate. or mbdivls[on thereo~ wharln the P~~ ~ dtuated, creat[a~ or provldin~ for a~ taz, af~neat or char~e whlch 1~7 the above Pravlso L not to be paid by the Mortga~or, the lndebtedneas secured hereby tog~ether wlth faterat due theneao, d~a11. at tbe optlon of the Mortgagee. beoome immediate$+ due and PU?ab1e. and ia tbe eve~nt pa~ymeat there- a[ b not made iorthwitb. the Mortgsgee msy? take or cause to be tal~e~ such actlon o~r Prooeedins as maY be t~ka~ here- i nnder fn the cne a~ W other d~ault in the payment of the indebtedness. i 3, To keep the buildings and addlttons thento on or herrafter erected or plaocd upou the Lnd fnatred a~inst loss i by IIre aM wch other 1~arards. caewltles and continge~ades. inclndin~ war datm~es 1f at any tlme a state ot war e~dsts or E it appears W the troWer oi the note that ~var is imminen~ and fn such aa~ounts and for snch perbds. as ms~ be required t !rom time to tlme by the Mortgagee. and to P~1Y P~Ptly when due all premlums oa wch insuranoe. provlfdon for psy- ~ ment oi whlch has not bee~ made herdabetore. Tbe polides oi inwranoe shall luve loa P~Yab1~ Pmvla~ns aooePteble to the Mortgagee and s6a11 be deltvered to and Leld by the Mo~rt~ee. or as !t msy dtrect. unW thts l[ort~a~e h ptistled. Aenewal palides oi insurenoe, Pr~nt~ms ior wWch have been fully p~id, are to be furnbbed to tbe ~ortp~ee st lea~t Stteea days prbr bo tl~e espirutio~ date o~ the insuranoe tLer~eby rean?e~ T6e faauranoe ~hall be wrtttea 1n oo~p~nies approved by tLe Mort~agee: 1n no eveat sLall the klort~ec be heW rapoasiWe for taltnre to pap for an~ lnsurmoe wrftten or for any lo~s or damage Qrowln8 out oi a defect W aqy polic: or grawfn~ out ot any iatlure o[ atq lnsuranoe oompany to p~y for any lo~s ~ damage lnsured a~ainst. In tLe evwt o[ loa t6e MortQagor sbail gtve imme~tate notloe by mail to the Martgsgee who msy make prooi M lo~s it nat made pmmPW? bY the Mortgagor; dch insuraaoe company ooncerned b. tkrebY auUarlsed and directed W make psyment for lo~s dtrectty to the Mortgagee lnstead o! to tbe Mort- p~or and tLe Mort~agee ieSnW?: the lnsurance Proceeds. ar aRY ~Y ~ aPP~ bY tLe Mort~agee. at !ts optlon. to the acpen:a. 1t a~?Y. iacurred bY 1t in the oollection thereo~ to tLe reduction oi the fndebtednea bereby se- cured. to the rdRontlon or repatr d the P~~Y ~8~. or released to the Mortgagor wfthout liabilfqr npon the Mort- ~sgee for ach release All potk~es o~ fnwrance ase hereb~? a~signed to the Mort~aQee as additional secutity for tLe p~y_ ment o! tbe s~ms aad interest ~ecured herebY: in the rvent ot forecl~re ot thd Mort~e or otl~ trander d tlW to tt~e pnmises in ~ztlnguishment M tbe lndebtedneas. aII rl~ht~ tltle and intezest oi the Mortgagor !n and to any ln~ur~nce poiides then fn foree sh~ll Pa~s to the purcha~er or ~rantee. 4. To oomnplete withiu a r~oaable time any building or bnildin~s now or st any tluie fa tbe procxas of erectlon upon the land and to F~PW ~r. restore or rebuild anY buildinS or improvements naw or heraitter on the Lnd wAic6 rnq? baoom~ oe be de~tro~ed. and not oommit or permit to be d~one or rsld an o~ ~bont the prembea anytbin~ whereby thb ~~ies shall beoome kas valuable: to compl~ ~rith all Iar?s. rules. reguLtlons. or ordinanoes a~ a~q' 6overn- meatal eB~nc9 aad not vioLte or permlt tbe vlolation as W the prembes ot an~ bulWin~ ae use ratiictlon~: W lceep the - Lnd and 1mp:ovemeab tLereon iree irom mecLanic's a~ materlalmea's liens and wlll not suser aay Wa snperbr to tbe lfen created b~r thfs fndsument to attacb to or be enioroed a~ainst the premisa. ~ 5. I[ detault be made in tLe payment oi tases, a~neat~. llens. cWms. fna~niaoe premtums or any oRher c.bar~e wbat~ohrcr. oe ao7 Part t~of, or in the pe.~formanoe a2 any act. to be pafd or pedormed y? tbe ][ort;asor under tbe ~ W+ovidam hereot. tbe S[o~rtpice ma~?. at !b c~ptlon. mahe p~yment therso! or partorm a~ ad requfred a[ tbe Mort~o~ ~ M aW? form oe mant~e~r deeare.'. acpedimt ~nd pq? a~q? otber sam Wat b aeoewr~ to prutect tLe ~sauiy ot tblt lnstrn- mmt: the amounts ~o pd~ wlth iaiK.-wt tl~~ereon lrom tLs date ot auch p~yaKnt at t6e ~ame rate as botns by ffie pria- 1o8ebtedn~iec~tred hereb7 a~nd~~ ulmmedVtel~? ~ a~ P~U~~p~ P~J?~t 1~7 a~slhoif~ed to be m~de D? tLe Moct~a~ee rny? be made aooordina W aq? bU1. statea~ent or estimate iuinlsbed ee p~oenrsd h~om tDe appro- piate p_ _ublic o~iae or tDe wra? cLfmtns wY~t ..ltLonc mquirs mw tLe .o~ura~r or .Wd1a? tt~ .na tbs reoelpc a a~p PoWlc o~eoe~ oe ~ m~e n.na~ oc cee ~so~c~ee .e.u ee oooc~u~e e~?wmo. a tn. vWma? .ne .~nt a i~. w wfd: tLe ~[aetp~ee .b.ll. at tts optlon. be werossLea co ,uq? enc~nbraaca. lfan. cWm oe demand, and to ~u th. sl~hts and ~eeadtle~ ice t1N Qa~neat L6ere~. P~id or dischar~ed with tLe P~dPV ~~~r~'!? a b7? tLf 1Loetppe ne~a~r t~e prO~Uloes ~ aad a~ sucb wbro~adon rt~htt sLall be ad~tbwl ~ cumul~tl~ Mdttlt~ to thts ][oet- e0 K149 118 - k~.;: ~ _ ~ ~,~u _ ~E