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Home My WebLink About0880 • • ~ ? • Ot tl!! 1K0lt~ajN blOORN ~IDRN~Ll4 d{N M~thOU~ AOuCl~ i11d pl'00!ld1~1~t Rlw b! Iai~tHLOd ~ L~! I~OT~' t0! 121! 1'OOOyfl7 W!Z'Q0~ b7 ~C10f11n O[ Zl1~f yI0lfj~jO+ 03' ~Il w~ O~MP 1~IiAA~!' ptiRll~ D~ itQ Y tbf ~IO~~ ~hma~ e~r ~Ij V~If IIO~ Oit ~D ~ xOT~~j! OOALi1IIld !O v1! OCII~17 ~1'f~0 AO~i11~iO~IIj. vpan =Oil~ closur~ o~ this Yorts~+, t~ ~[ortpi~ sbaU be ariawed a~ a p~et a[ the lAdebtbne~s ia.vrad 1~er~b7. ~d tM ylort- s+?~r ~s~ ~ pU?. all oost~ ~nd ~~rpaMS lncuered !n aooo~ctlon tAenwlt4 lndudlai r~onabh attots~~7's le~~ aost ct atle aad tax ~eareh aad tbe e~ct~adoa to dat~ at ~n ~Dstr~ct at tltle or tlW Pdlc~?: and fn ow aum iot+~clowir~ Proo~ed- ln~s at~e settled ~etore the oonwnnm~Uon tbei+eo[ os t~ eetr7 oi ~ud~mea~ aq~ w~ch ~osts aM ~ocp~s ana other cty,r~es su.lncurred~ u~ ~r~a~a~ attcn~?'s tse. shal_1_ - rt1~e1as bs v~ - M~ ~~pJ? P~s't~ tenst. belns tLe hl~bat~~~~Wder. n~a1 b~ a~P~ at ~ foredaairs~ iM. /1~ elecdaa~ tM ltatiate~ as Mrela pro- vlded tor mn7 be aao~s~d~ed 6~st~ tipon 8sL?nl4 Oe at W dm~ Were~tt+~. und a~otAini sh~ll br aomt~ted to be ~ waiver o~t sud~ ri~ht unlas ~+18~aoed E7 aa ins4v~aeat in wrltlas to that eQect du~ e~ceattad b~? the l[oet~a~ee. The Mort~a~ae rv~ltrM ail rl~ht o[ LomesLe~ ~nd ao~mPtton itinted bp tb~ Oonstitat~on aud Lavn d~oeida. AND TAS MORTGAGOB FURTHSR O~NVENANl'8 AND AGREP~: L 4b py tAe P~dD~I lndebtedne~t wlth lnterat as 1n the note pravWed. 1b p~y nwatlJ~ tmto the l[ort~uQee. 1n addittoa to a~W at tbe Nme ~u?d plscs ic~ e~ch P~Y~t oi pdndpal and interest. in tnstalln~t o[ eaci~ ~it the follov?• ; ~ (eJ Tiues ~wd a~ts. ~neral''or speclal. snd ~ll otlier cLartes levfed or to De levicd ~t~d tbe premla~.. ~ (b) Premiums W beoo~ne due and p~yable ior. ~nd to renev?. the iosurmoe oa the pr~ba +~in~ lon by nre and wch otber 1~ards. dw~altlas_ind oontln~eac~ea as Lerein ~ravided..tas os i+puired te~om tfine to ~time. i Tee amounc ae tbe rapecnve month4 1~tallinenb seau be evuat w tne amonnc at tne annwt re~pecNve eharge next due -tas edimated b7 the l[ort~as+e>. lar W instalimeots u1n~d,Y Pafd tberefor. dtvWed b~ tbe number at monthly ln- sWim~ab the~etor baooanin~ dne not i~?ter tt~an ane aianW psb: to tbe aw date at aiqr weh c~ar~ aad ~LaH, be sub- iect W inrnyse or decrease to tAe actent re4u[red to crcate as oi a montl~ p~ymeat date an Ua note not ldes tbaa one monW prior to the due date oi an~? cl~ cl~s~e~ .µ~s~olvit~id~it Lor sM. P~ tbereot whezt ~te •and p~yable. In uo rveat shW the Mort~a~ee ~ sneh PaYment be liable for an~r iatereu m atq aa~ount p~fd to k as herda } re9ulre~ and tUe moaeY so reodved miy? be held wlth 1b oan tunds P~~6 P~1Y~nt or applicatiaei tbereoi as herein pmvided. ZLe ~tort~+~oe' ahall iueaish unto tLe Morf,~a~ee at lea~ Sttee~n d~ys before the due date aa a~lci~l statement oi tbe amount ot W ta~oes or a~es~m~eab nezt due. and such Mott~a~ee shall Pq tl~e abave cLar~es to tbe aaw~unt ot tLe then nnused credit tLerdor as and whea tbe~? beoo~t severai~Y dw ~ad P~abl~ The ~Ioitg~ee aW?. at !4 optio~. tbe for !n e~caas~ tben ~ou~nt ot cndit iae dd d~ar~eR ~ e ~~amount advaneed th~ill be fnuqedfateq? dne } and W~Y~~ to We Mort~~ee and sball be ~ecured as an add[ttoaal prindpal wm uades t~ls 1nsE~va~eat and bear tbe same rate oi interat imin date oi advaaoement as the pdndpal ladebtMnes~. An o1Hda1 reoelpt theretor aball be ooncludve evldence ot wch p~yment wd ot the validity a[ aud~ char~es. 1Le ~[ort~a~ee mq? aPAb ce+edtts held by it ior ths above clurges, or aW? Part tl~reof. oa accounc o! anr 8e1in4u~t lnstallmeats oi prindpal or interest o~ any other payments nuturio~ or dae under thls fnstrume~t and the aaaunt ot ce+edlt e~dstin~ at an~? Ua~e sMll be reduced by the amount thereot p~id or applied as herdn pmvWea. The amount ot the e~dsfin~ credtt hereunder at tt~e tinre ot aqy transier o! the property shW without ssl~u~at thereo~ innre to tQe beae~t at the wooawr owner oi tht properq? and shsll bs aPP~ under aad aub~ect to all oi the provlaions hcreoL Upon tbe paUnnent la full oi the lmiebt~ednas, the amount oi aaq umtsed credit shall be aPP11M W tDe PaYment tLereoL The Mort~agee my? ooltect a"late charge" not to ezoeed four cents (!c) !oi each one dollar (ii-00) oi each monthly ~ lnstaumeat pwyment required on the note end under tbis Mortgage wWch is more than Siteea (1S) dtys in arrears, to cover the actra expense lavotved la handlin8 ddinqnent p~yments. - 2 To pq?. when Pa,YaWe. all taxes and as~ments. Qeneral or special. water ren4 and ground na4 and all other c!~ wbabo~wer levled npon or aa~eaeed o~r plaoed against t1?e PremVes. Pmvldon !or whtch has not been made here- labefore. and vvW Pron?PtLY ddtver tDe o~cial receipta tberefor to the l~ortgagee: to likewLe pay all tRxesr a~neab and other char~esr levied upon or a~ed. Placed or msde aBeinst tbis lnstruthen~ or the iadebtc~ ar a~p? fatrrest oi the Mort~agee in the premisea or the obllgatloos sccured hereby. Provlded thst tAe p~ynnent oi any weh Lx aa~as- ~t or charge by the MostSaBor b not contrary to law or woqld not reault In tLe psyment oi an ~mlawful raLe a[ iater- est on the lndebtedneas Aereby secured. In the event oi the passsge atter the date a~ thls instrument ot aa~ Lw of the 3tate. or subdtvisloa thereoi. whacein the Premiaes are dtuated. cnating or providin8 ~tY tax. a~nent or cbat~e wbich by the sbove provlso b not to be paid bq the Mortgagor. the indebtedneas secnrea lrereby ta~etber wlth inter~t due ~ tbereoo, shall. at ~ optloa oi the Mortgagee. becorae iaunedtately due and payaW~ and in the evest p~yment there- 'f a[ b not m~de foitbwitb. the MortB+~gee maY take or cause to be taken such actb~ or P~i ~~Y be talcea here- , under fn the ca~e o~ at~? other default in the pay~nent oi the indebtedness. ~ 3, To keep the bniidings and addltions therEto on or hereatter ereMed or placed upon tLe land insured against loas by !!re and snch other 1~rds. casualties and oontingeades, includtng war dama~es if at aay tlme a state ot war exists or It appears to tbe holder oi tLe note that wu 1s imminenk and in such aanounb and for snch perlods. as may be reqWred fe~oa? ti~ne to tline bY the Mortgagee. snd to P+1Y P~PvY when due ali premi~uns on such lnsurance, pravidon for pay- ment oi ~vhich hss not been made Aerelnbefore. The P~des oi ius~tranoe shall have lo~s payable provWons aooeptable to the Mortgagee aad shall be dellverPd to and held by tLe Mort~agee. or aa it msy direct. uatil tbis l[ortga~e is ~ed. ~ Aenewai polides aZ lnsuranoe. Premiums for wLicL have been fully paid, are to be turnishM to tl~e ~Rort~ee at least sfteea aai?s psbr bo the enpfrat~oa date a~ t~e iosunanos therebp ~?ed. '1'Le fnfusanoe shall be rvrlttea in ownpanies e?PProved bY t!u Mortgagee: !n no event st~aD the Mortgegee be _heid reapo~ndble for iWnre to psy i~ aqy insurance ~ writtea or for any loss or dama8e Be+o~?MB out oI a deteet in aq~? polic~ or gro~wing out oi any fallure ot aRy iiowranx ' oompaqy to pa~y Eor +~n3? loss oF- dsmsge iawred a~ains~ In the eveut o[ b~s tha Mortgsgor shall give fmmedlate aotice ~ by mail to tDe Mo~sgagee who maY make prooi ot loa~ it not made prnmPW bi? tt~e Mortgagor: each insuranoe oomp~ny oonoerued b.l~erebY authorized aad directed to make pqyment for loas directly to tbe Mortgagee instead a~ to the Mort• F ga~or and the Mort~a~ee iointlY: the inaurance Prooeedr. or aqy Part thereof. maY ~+~PP~ bY tLe Mort~ee, at its optian. to the e:pafses. H any~ incurred by 1t in the ooIIection t6ereof, to t6e reductlon oi the lndebtednes tterebq se- i nu+ed. to the ra~toratbn or repair a[ tl~e P~PeriY ~~8~. or rdeased to t6e Mortg~or without Ifabuity npon the Mort- ~ag~e for such relwse. All porides ot iasurauoe are herebY adped to the Mort~agee as additlonal secadt,y ior the pay- ~ ment oi the auns and interest ~ecured berebY: tn Ure evmt ot forecloaire ot this Mortgag~e or otber trander d tlW to tLe prmnlsa in actlnguVhmeat oi the indebtc~?es~. ail ri~l?t, title aad interest oi the l[ortgagor in and to W imnnace _ polides tDai in force shaII pas to the purchaser or gi~antee. ~ 4. To oomplete within a rea~o~oable time any building or buildings now or at sny tlme fa tlre prooeas ot e'rectloa upon ~ tbe Lad aad to P~PVY ~P~. restore os rebnlid any bufldin8 or improvemenb now or here~iter aa ttie Lad w?~ may beoome d~m~~ed or be datro9~ed. ~ na ooanmtt or pesmit to be done or e~t oa ae abont the premda anything ~ whenby tlre. Pre~oisea aball beowrie Ids valuable: to oamp~y vaith all laws. rules. reg~laUons. or ordfnaaoes o~ any govrrn- mentsl aY~~9 and not vbLte or permit-the viNatlan as to tbe premises at any baildfnQ ae use restrlctlons; to l~eep the ~ lvnd and in?Provanenh tdere~ tree lram mechanic's and materistmea'a lie~s and wW aot wIIer aq~r lies snperior to tbe lfen rreated bp tbis larisumeat to att~ch to or be eafonxd against tLe premlxa S. It ddault be m~de W tLe p~ymeat oi tues. is~aanenb, lieas. elafau. inwrance pt+effiiums or aa~ other cLa:ge # wbat~oever. ae an7 Part thatiwi. or 1n the pertormanoe of aqy act, tabe paW or pedormed hy tM ~[ort~a' under tl~e 2 in~ ~manne~deemed ezpedimt and ~w~,y ano? utber ~ttea~ t~Y ae~o~ to ~~vtecc tbe ssauiq? ot this i~nstru- ` ment: tbe amonnts ao paW„ witb interest t6ereon irom tLe dste a[ such p~yme~t at tbe aame rate as bocne b~ tbe pdn- - dpal lndebtedMw? ab~A be ssea~ed as an addltloaal lkn oa tbe pe+eaolses and shW be adBeQ to a~ baoorne a pae~t at the lndebtedaes secured 6enb~7 ~nd be imasedlatel~ due aad p~ble ~o tbe Mast~• Ml? P~7~+?t M~b~ wtl~oelsed to be m~~de b~ tbe Yast~a~ee mq? be ~uade aaoobia~ to W bi11. statem~nt or estimate Nrnlabed oe pzoa~ned from t6e apgro- prlate Vablk o~lo~ ae td p~sy eLimini paymeat withoat ioquir~ into tbe aoeui~c~ ar vdidlb tt~o~ and t~ iboeipt a[ ap~~t~tbe lLoet~a~e~~aha4 at~lts o~ptloo b~e subso~to a~q? bnao~ 1kn. ~latain a~e 8e~~ ~~ad ~t~ ~b ~od ~tles fae tb~ pymeat tbereot. P~1d oe dl~diar~ed wlth tbe prlndp~l wm secured here~ oe M tL~ Y~oetp~e t~e ti~ Prn~troes ~ aad an7 such w~bz~atlon rl~hb tl~all be a8dltboal ~nd dnnnLtlw Maulfy to t~is Yoit- PR~ . aoox165 ~E 877 _ _ ~ ~ _ . - _ t ~~~n~