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Home My WebLink About1392 ths dehcieacy. 5uchpaym enL ~tuit be m~d~ within thit~~ (30) d~ya aiter wri~tea Aowce irom uie mor~oo stat~ing the ~unounL oi tbs deRciency. whicb notice au~ bs ~ivsn by matl. It at uny tims tha Mort~a~gor ~h~ll tendet to ths Mortg~gee in aooordwoe ~vith the provi~wns oi the note ~ecured hereb~~ full pyment of the entirs indebtednes~ repreaent~ed thereby~ t6s Mortgages aa trustes shaU~ in computin~ the amoun~ ot wch iadebtedne~s, ce+edit to the sa~ount oi the M aq~ credi~ b~laoos reca~inu~g ~uader t~hs pro~iona ot (a) ot ~aidp~r~graph Z. Ii ~here eh~il be ~ def~der an~ of the provision~ ot this a~~~y~ rewlting in a publia e oe+a i tbs prea4i~es oovered hereby~ or it the Mort~?ges aoquures the property ot-h-erwios atter det~ulti, the Mortga~es as trwtes shall upp~y, it the dme of t~fie oommeac~man~ oi ~uch grooeedit~ or ~t the time tLe P1'oP~J? is othe~rwise acyuind, t~bs ~maunt then remaining to credtt of Mortgagor under (~~oi p+~ragnph precediag ~s ~ credi~ on the inter~t aocured ~nd uapaid ~?nd the balanos to the principal en rem~uning unpaid on said note. 4. H~ w111 pwr ~fl hser, ~1~„ ~atee asd v~hee~~eamen ~l a muobial o6ae~e~, ~ oe rms~tbi ~ wW pev~ cn~ d~ed~~ec c~ re~eeip~q t~ do~ ~~f~ M~~s D~ati~ m~U? P+~1? ~ 6. Hs wfl! peemt~. eoa~mit, oe wfer ao w~e, ionpalrmeat, a ds~ebe~?tton ot a3d propec~~ a tbee~eot emeep~t re~oo~bls wa~r and f+ear• aod ia tbs ameat ~ot ~lw t~ihue at tbs Mor~o~r b 1~ ths oa premi~e~ w~ tbo~e to bs eeea~ an ~aid premi~e~, oc imp~+orea?e~ts e6~eo~, la-~ood repair fbs Mortaa~ee nw? maios.uen rep~ie~. as ~a ia di.oertion fi m~U? ~ 1M~ti~b~p) ~~~d~and~.n~ ~6~•n b~r ot e~oh aod sveq w~ py?aoeni ~ be dqe ~nd t6~ }iea ot tbi~ aooefp~e. . a H. nm py? .n .na ~uLr tLs eo~.. an~a .a~o.e~, inain~n~ re..oo.bis L?.~ee'. t .na ood. at ~b~ab ct atie, ineuaed ae paid a~! iuqr tlms b~al~a~es beoau~e ct tbe taihu+s on tb`e~,~ ot t ~~i ~~~i ~l~~1~~ ~u ~ ~ 1~11! ~ ~yi~ iO~ ~ ~ '~OOtlied b~ ?~10 ~II~ ~ i ~ ! i 7. Be wiII oon~nno~ maiatain Lwrd inut~nos, at suoh t,~ps or~jp~ and i?mouats Y MOrt~ages nM1 foe aIl snc4 ps+~mium b~'is ~tbe s~t~a~o:+e~~been~nudsts on aid u*hmi~a~sandw'ilieucept when w~ dnsaa~ ~aPPru~ d7 M ~ ~ad~poli- des sud ~the:bo~i~iL~U b~e Ldd Mb ahall bs ~~~~d~ed tbsi+et~o Io~ap~ in L~or ot ~ad in form aooeptabL to t~s M ~age s~. In e~ v~at lo~s Ls will gir+s ~mmed~ste iat,ios b~ mail ta M wd Mart~my maks p~oi~~o~ lor ii aot mi?ds parompt~j bj Mortg~gorj and eacL ipsuraaos ~ ooaoerned » sutiwri:ed aad direated tio make pyment for tuch IoM du+ect~y to Mo~rtgages imt~ead ~ t~ aad 1~ortg~ge~ 'oiat~, an~d tbe ~osuzsaos prooseds, or at~ put t~et~i my bs ap,p7ied by Iliartr ~ a~~sp`ioa dther to ~ reductian of ths iadebt~edne¦! Lersb~ sswu+ed or to t~s re~t,oratwn oe c~ ~s p~ap~rt~? dam~ged. Ia sTent af tc~eoloau+s oi t~hi~:~~t~y~ or othee tsaaater oi titls to tLs mo~ir~ ged pe+o pp~t~ in ea~ t of ths indebtedneN ~eanuved hers --aII ~t ~ad ~o ~~po~Gaes tLen in foros ahall pa~r to tbs~~ ~~~r'ant~~es.iatsresti oi tL~ MortQa~or 8. Hs wiU n~t e~cscute or Sle oi reoord atq inntrumeat wl~ich imposes a restrictiaa upon che tals or oxu- P~7 P~lP~Y de~aribed herein on the bao~ ot raos„ oolar~ or areed. 9. If the premise~, or sa~ part theceol, be oondemned nnde~ t6a powe~ of eminent dom~in, cr aoquired for s public use, tLe d~mag~ ~warded, the prooeeds fot tba oi, ar the oonsidentioa for saah wquisi- tion, to the extent oi the full amaunt oi the remstning uap~id indebtednees secured by this mor~ag~ hereby aeaigned to the Mortgsgee, and his heir8 or sesigna, and ahall bs paid forth~vit~h to eaid M~-r~q~~e or his ~ee to be applieci on ~?ocount of tbe last msturin,g installments of such indebtnees• provided,~~ ever, the ortgsgee or his aesignee, msy a6 his discretion pay cLrect to tLe Mortgagor, hie ~eira or asaigns aqy part or sU ofsnch avvard; prnvided, tL~t if the losn is guuanteed or insured, tLe uonseu6 of the guaraa- tor or ms~u+er is obtained in ad~anae of saidpsymen~ 10. TLe Martgagea may, at aap time peading a suit upon LLis a~~~apply to the oourt luving jurisdic- . t~ thereoi for the ap intment oi a reoe~ver, and such oourt s6a11 fo ~n a~pomt a receiver ot the premiees reo oovered bereby aII singular~ includin~ alt and singular the inoome~ pru&t~~ iasues, aad re~enues from'vhat- ever souroe da~ved, each :nd every of v~uch it beu'~ ezpnaelp undentood ffi hereby mortgsged as if specificaUy set forth and desc~ibed in tbe graating aad bab~adnm cLwes bereoi. ~ucb appomtment s}ull be made by snch oourt as an a~dmitted equiiy and a matte~ oi abaolute riRh~ t~o ~aid Mortgsgee. and withou6 retereaoe to the ad~qwcy or inadequacy of the vatue oi tth~ propecty pwr`gag~ed or to the solveacp or insolvency of said Motga~ r or the defeadants. Snch renb pm6ta, inoums, i~sues, and rsveaues eball be applied by such receiver aoco~rd~ -'ng~ to the_ lien of this mortg~g~e an~ the practice oi such oourt. In th~ event oi any dai~ult on t~?e part of the Mortgsgor hersunder, the Mortgagor ~rees to p~y b the Mortgagee oa demand ~ a rea~onable monthlv , seatal for the pramiseR an smount-at least eqwvalent to one-twelfth (Sf~) of the~r~? te oi ~he twelve awnthlv instalime~?ts payable in the tLen cun+ent yeu plus tLe actual amount of tbe annual tases, araeMments, Mratar ~ rates, aad insuranoe premiwas tor such year n~ot oovered by tLe afonsaid moath~i payments. ; 11. In the event oi aay breaah oi this awrtgage or default on the part of the Mortgsg+or, or ia the aveat ~ t,6at any oi said sums of money hereia nfen+ed to be not prumptly aad fully paid sooording to the tenor hereot or in the ev~t tbat esch and every tbe stip ulations, agreementa~ oonditions, ~nd ooveamb oi s~id note an~ ~ tbis aw~,g~ , are aot duly, prompVy~ and fully pertormed or the Mortgagor 6e adjudicafRd bankrup~ or made defendant in a baalavptay or raoeioership proceedin~st then in either or any auch event, the uid aggre- ; gate sum meationed ia ssid note thea nwg unpaid, w,th iaterest accrued t~o tluL time, aad aU moneY , seeeu+ed hei+eby a6a11 become dne ~nd pay~ able forthwitb~ or tLeredt~er, at the option of said Mortgage~,~s j tully and oomp~etely ss ii all the eaid sums oi money w~ere origin~lly stipulabed to t~e pitd on such day~ an~ thmg ~n said note or m tb.is m~ort~age to t~?e oont~ notwitbstaading; and thereupoa or thenafter, ~?t the opt'son ~ of said Mot~g~e, wit~wut not~oe or depoand, suit ~t l~w or in equity, m~y be pi~aecuted as if ~il monevs ~ •ec~ued bereb~ y Lad maqu~ed prior to iis institution. The Mor msy foreclose fbis mortgege~ as to t~e ~ aanouaL eo declared due ~nd p~y~ble, and the s~id prem~es shall~iold to sa~ist9 sad pay the a~me t~g~ether with oosb etpenaes, u?d allowance~. In ca~e oi partial foreclosure of this mortgsge, the mort~p renuses shs11 be ~o~d aubject to tbe ountiauing lien of t~his mo for the amount oi tbe debt not thea ud e wd «npuid. M~uch ca~s the p~OVidon~ ot tbis par~aph ms7~ bs s~ailed of the.reafter irom time to time by t~he l~r ~ No waiver oi an~ aovea~nt hei+ein or oi tbe obligadoa ~ecured heraby shsU at any time theredter bs LeM to be a w?aiver of tLe terms hereof or oi tbe note ~ecured hereby. 13. Tbe lie~ oi tiw instrumeat shall rem~ia in tull force and eSect during any postponement or exten~ion ; at f~Lhe t9me ot p~yaneat ot the indebbednes~ or any part thereof seaured hueby. 14. This mort~ago is given to ~eccura the purchaes mone , or ~ part thereot, of the laads herein desesibed and is esecuted ~ad detivered cantemporaneously with the ~ied thereior. ao lb. It tbe Mortgagor defanlt in aay of the oovenanta or agreemeab oontained herein. or in said aote, t6~ ,a°,~~ tLe Mortgagee may pertorm the same, ~nd aIl e:penditures ~mcluding reaeonable attoraey's i~es) made by the ~ M rt~a~ee m so do~ng sLall dr~~v intenst at the nts provi ed for in the principal indebtedne~s, aad ahall be ~ np~~ ~ble tbirty (30) day~ dter demaad, u?d, tog~ethez~ ~+ith iaterast and oosa ~?~xrued thereon, ~hall be secured bi c~. ~ 1. Upon tLs request oi the M rt~~ee the Mortg~or ~hall ezeaute aad delive~ ~ suppleme,~?tal note or aotes ~ve the sum or suau adv~noed by t~5e Mortg:gee for the ~Iteration, moderniution, improvement, msia teaanoe, or repair oi said premi~es, for t~?za or a~eewmeats agaiast tbe aame and ior ~ny otLer p, ~uthor- i:ed hanundar. Ssid note or notes ~hhall be ~ecured hereby on a parit with and se fulty u ~i~advanoe ' I"~' s~idenoed tbersby wers ii?cluded in the note fint de~xibed above. ~supplemental note or aotes stull bear ' C~ ~ - ; , 9 , s . ,i ~Y ~ ~