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Home My WebLink About2415 ~ . ` ~ ; oi the Mort~a~ee become lmmedlately due andp~W e. without nottce. aad P~~ ~MY bs in~tltuted D~? tAs ~Ratt• I ~ee for the reooveri? therao! Dy tor~cloaure ot tAls Dlort~e. or 1n u~y other manaer pee~ottted by U?w ~s the Mort- ~ ot thi Mo:t~ t!~ M itsa~ e Natl be au~ as a~art ~ ~ e~s ~aeeutbd he~ a~ndUtht Mort- PU?, all cats and expeases lacurred 1n oonnectbn theremltU. Indudios rauoaabl~ a~?'s fee~. oost oi tltle and t~uc search ~nd tUe e~cteAdon to date ot aa abdract oi dtte or tlW po21cY: aud in aut au~h ior~clonire pnooeed- lags are settled betore Lhe ~a~ation tLereoi or the entry ot ~ud~n; aW? sueh costs ~ad aspeass~ and othtr j ct~ar~es w Incurred. Wsludins a rea~oAaWe atton?ey's tee. shall neverthelas he pdd. Tbe i[ortsa~ee 4e W WKs : terest. bein~ We ht~hed bidder. muy be a purc~a~er a! ary forrclosure sale. Aq~ electloa b~ tlie Mo~tttajes ~s 1~erela pro- ; vlded for-ma~ be exercls~d lmmed4~teb upoa defaul~ oar at aqy tlme thereatter~ aAd notNn~ saall D~ oonftrned to be ~ ~ wdver of such st~ht uale~s evWeACCd by aa instrunaent in wrlti~ W that eQect duly exerntsd by t4e Mo:ts~ee. The > Mort~a~or w~dves all rl~ht oi bo~mesteb and eucanptton ~ranted D~? tl~e Oonstltutka snd Luvn ot l~ioslda. • ! AND THE MOATGAGOA FURT~iER O~NVENANTS AND AGAEFS: i l. Zb pay the P1inc1pal indebtedness wlW intesert as in ttie note provided. 1b p~y monthtX unto the Mort~aYee. ~ in addittoa to and st the tfine ~nd p4ce ior escL paymeat oi peindpal end lntesest. wn lnstaUm~t at e~ch ot tRe iolbw- ~nB ch+?r~es: 1 Teu~es and assemRmenLe. Heneral or spec~l, and all other cbarges levied or to bs kvied a~ainsZ t2re prtml~. ' ~ tb) Prem[ums to become due aad peyable tor. and to rane~v. tse lnsurance oa tLe premtses agatt~t loas by nre aad such otIIer Larards„ c~sualties and contin~endos as bersl~provWed ior or rcquli+~d irom Wae to'time. The amount oi the respectlve month~j? InstaIIments sheU be equal to the amount oi the annual napective cbar~e next ! due (ss edin?ated bY the Mortga~ee). le~t all ins411mmts alrea~Y P~ therrt~. divlded by tbe number d moatWy in- stallineab tLeretor becomin~ due not Lter t6aa one month prbr to the due date of aep wch charQe and s6a11 be sub- ~ect to incre~se or ~lecreaae to tLe eztent re9ulred to create as oi a monthty paynient date on tbe note iat !as Lhan one month prior to tiie due date o! anY wch c2iarge. an amount su~ldent-!or tLe-pekymtni thereoi virben ~te Lnd payable. In no event aLW tl~e Mortgage~ recelving anch pqyment be ltable for any fnten~st an aaa? unount p~ld to it ~s herein rMutred. and tLe money so reoeived may be held witII !ts own fuuds Pta~B WYmeAt or applicattoa tliereo! as herefn provlded. TAe Mortga~or aMll furnish unto the Mortgagee at least nfteen d,ys befor_ the due dste an o~cW statement oi the amoant ot any taxea or ewe~onents neut due. and such Mort~a~ee sbW peV the abmro charees to the amouat ot the thea nnufed c~+edit therefor as and N?hen tbey btcome sev~aUy due aad payable. The Mortgagee mey, st its optlon. ~re or ln e~coeo~th th~? ~ ot credit ta~~add retiar~~ The raccoar~a~wunt a8vanaed t~ha~il be fam~diately du~e and payabk to the Mortgpgee aad dWl be ~ecured as aa additlonal prindpal sum under thls instruneat and bear the aame rate of interest trom date oi efiraacement as the prlndpal tadebtedneas. An a~tdal reodpt thereior sball be oouclwdve evidence oi wcA petyrnent aud of tde validlty M such cturge~. The Mort~ee m~y app~jr credtb heW by 1t for tlre above charges. or any part thereof. on aocount oi any dellnquent lnstallnnants oi prindpal or interest or any other pe~yments maturln~ or due under this instivment and the amount ot credlt e~dsdn~ at ai~y time shall be reduced by the amount thereo! patd ar appUed as hereln pravWeb The amount oi We ex~din~ credit hereunder at We Ume oi any traniter oi the P~KY shall without assigoment therraR inure to the brr.e8t oi the succetaor owner of tde pcoperty and shal! be applled under snd wbiect to all oi the provisions hereoi. Upon the PaY~nent in full oi the indebtednea~. the amount of anY , unnsed c.redit ahall be applkd to the p~ymeat thereoL ' The Mortgagce may cNlect a"late cAarge" aot to exoeed four cents (4c) foi each oae doilar (t1.00) oi each monthly ' L~stallment p~nnent required on the note and under tbls Mortgage whicl? is more than IIfteen (15) days in arreats. to cover the extra e~cpense involved in hat?dling delinquent pt~yments. 2 To pqy. when payable. all tsxes and ass~aments. general or speclsl, water rents and grawd sents end aU other charges wMtao~wer levied upon or asseased or placed againat the premises. prnvi~Qn ior wblcb bas not Ueen made here- labefore, and wW promptiy deliver the oIIicial receipta theretor to the Mortgagee; W litewise pey ail 4za„ aasa~nnents ; and other charges. levled upon or assessed. placed or made against tAta instrwhenk or the Indebtedneas or any lnterest oi ~ the Mort~agee tn tha premi~ea or the obligsUona secured hereby~ provide8 that tLe pqyment o! any such tax aseeas~ a~ent or c1?uge bq Ure Mortgagor 1s aot contrary to law or would not reult in t6e psy~nent oi an unlawtul rate pi intet+. est on the indebtedueas hereby secured. In the event o! tLe padsage atter tde date of thls lndrument oi aqy Lw oi the State. or subdivlsioa thereof, wherefn the premises are situated, creaW?g or providing for an,y tau, as~nent or cMrge which by the above pro~viao ia not to be psid by the Mortgagor. the indebtedness aecured hereby together w?!th Intet+est due therean, Mall. st the option of the Mortgagee. become immedfately due and payable, and ia the ev~t p~yment there- of 4~t made lorihwlth. the Mortgagee may- talce or cauae to be tak~? such acUon or Pmceedln~ as may be tal~en here- under 1n the case oi any other default in We pe~rment oi the indebtedneaa. 3. 1b keep the butldings and_ addittozts thereto on or hereatter erected or placed upon the lend inaureA against lo~s by Sre snd wch other hasarda, casualUea and contingezcMes. fnclucl[ng war damages if at any time a atate of war exists or it eppean to tLe holder of the note that war 1s imminent, and in such amauats and !or suclf perfo~ds„ as may be r~qulred trom time to tlme bq the Mortgagee, and to WiY P~PUY whea due all premiums-an wch inauruioe. Providon for pay- ment oi which has not been ma~e hereinbefore. The polides oi inwrance shall have loas peyabie pmvldons aooeptable to the Mortgagee and s6a11 be delivered W emd Leld by the MartgaSee. or as lt maY dlrect. until this l[ortgage is ptis~ed. Renewal palictes oi insurauce. premiums;ior ~vvW~h l~ave been fully paid, are to be furdstied W the Mortga~ee at least Siteen daYs Prior W the expiration date oi the iasnrance thereby reneoved. The lasursaoe rhall be svrtt~tea fn ~ompanies apProved by the Mortgagee; in no event ahall We Mortgagee be held responslWe for l~llnre to psy for aqy insnrance written or for eny? lo~a or damage growing out oi a defect in any poHcy or gmwing out oi any iatlure oi awr inwranee company W pay for any loas or damage Inaured agaiast. Ia the event oi be tLe. MortgaBor shsll gfve lmmcdlate aotice by mail to the Mortgagee who may make prooi of loss ii not made promptiy by the Mortgagor; ~cL insuranoe compeny ooncerned b.hereby suthorlsed ar~d directed to make psyment for Ioss direct~jr to the Mortgagee instead ad' to tbe Mort- gagar and the Mortgagee iointly; the insurance proceeds, or any part tLereof, maY be aPP~ yY ~~~B~e. st !ts oPtlon. to the expenaes. li any. incvrred by it 1n the collection thereof. to the reduction oi the indebtedneas hereby ae- cured. W tbe restoraUon or repslr ut tl~e prnperty damaged. or released to tl~e Mostgagor without lfabiUty upwi the Mort- gagee ior such release. All p~Ddes of inwrance are hereby asaigned to the Mortgagee es a4ditional secudty for the psy- meat of the sums and fnterest secured hereb ; in the event oi toreciosure oi thb Mo premisa in extingulshmen! oi the indebtedn~„' all rigl?t, tltle aad interest ot the M~ or other tr~as[er ad tltlo to the polldes then fn force sball pass to the purchaser or grantee. °~O! ~~d to aqy inwrance 4. To oomplete witbin a r~sonable time any buflding or buildings now or at eny time fa the prooes oi ereetlon upon the iaud and to promptlY retra~'. restor+e or rebuild any butlding or improvemen4 noW or hereattrr oa tLe lead ~vhicb may bcoome dama~ed or be destroyed. aod not comaitt or peridt to be done or extst on or aboat the pranlses anythina whereby the Qremises stull beoome leu vaiwble: to oompyr wtth all 1aw~a„ rules, regulatlaas, or ordiaanors ot an7 6~~- menW agency and not violate or permlt the violatloa as to t6e prcmises at any butlding a~ uee restticKiom; to keep the land and improveme~ts thereon lree irom mechaniNs azW materlalmen's Lms and will not wRer aqy Hen wperlor to tbe lien created bq t6is instrument to attach to or be entorced agsfnst tbe pr~mlea, 5. It dWult be made fn tbe paya~ent oi taxe~ as~ment~,, llen~ claims. insuranoe premiums or any other charge wbatsoever. or aay part thereof. or in tue periotmanoe oi aqY ad. to be paW or pedormed by the l~ort~or under tbe pmvWans Leceot, tbe Mort~ee maY, at its optlon. make pe~yment thereot or pertorm an~ ad required a[ tbe ]![ortga~or la any form os msnuer deemed eupedient and pey aRp other wm that ls neoessary to protect tbs sscnslty of tL1s fnttru- meat: the amonnb so paid, with interest thereai from the date oi wch p~ent at t6e ~me rate ~s borne by tlse prin- fda8~ebte~dneas secured hereby~ ufmakdlately due~and pqsblep~ o~agee. 4ny p~yment ~ autLo ~ed to be m~de bp tUe Mort~a~ee ma~ be made iwoordinB to ae~' Wt1. statement vr estlmate furntsbed or pr~red trom !he appro- toy publk ~ p~rty in~tlrecha~oR~tott~ee sA Il ~be ~ooncludve e~ of t6e v~alidl ~ ~a~ount o[ it~eiai •o Paid: tDe ldor~e aha11, at its opUoq be subr~ated to aaY e~cumbraAC~ 11en, claim oe demao~d, and to ~ll tLe rl~hb and iecur/tla foar tbe p~ya~ent therea~ Pald oe disdiar~ed wlth tbe pslaclpal sum ~scured lrereb~ oe b~r tbe yloet~atee m~der te~ ~ Aer~w~ and ~ wch ubroptton ri~hts adW be adaitbnat aad wmutatlve Na~ty? w tbfs ~[ort- t+~t~' , d00K ~ U a ~115 PAGE2411 ~ : - _ . -rr- - - - --u s _ - - - - _ . r > t~ ~fi; ~ - - ~ - - ~ ~ _ x~ _ : _ _ _ . _ . _ _ ~ - ~ ' y f -