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Home My WebLink About1617 the deficiency. Such payment ahall be made within thirty (30) daya a[ter writtea notice iroin the ~tortgsgee atating the amount of the de6cienc . c qo ' eu?y be ~vea by mail. I[ at any tima the Iliortgsgor sha~l tender to the Mort~agee in_ wi~~e~. prov~one ot the note eecured hereby, full psyment ot the entite indebtedneea repreaen h reby, t e r ortge~gee ae trustee aheU~ in o~mputing the smount of such indebtecl~~ess~ credit to the sccount of the Mortg~ r any credit balsnce remai~ing under the pruvi~oos oi (a) oi saidparagraph 2. If there ahall be s default under any of tbe provisiona of this mortgage resulti • in a public sale a( the premises covered hereby~ or if the Mortgagee aoquit~es the property otherwiee att~ default, the l~iortgagee ae truatee ahaU spply. at the time ot tha oommencement oi euch proceedinga or at the time the property is otherwise acquired, the amount then remainiag Lo crediL of Mortgsgor uader (a) oi parsg~raph 2 prec~ding ae u credit on the interest acewed and unpeid and the balaace to the priacipal then remamng unpaid on ssid note. 4. He will pUr aII ta~oes„ aeeeee~enb, wut~ee rater, ~nd other~ov~ee~omenW a munidPV e~i'6~, ae impoeitions, fot wLtoh pe+ov~on bas not been m~de hereinbe[ote, and in defsuk thereoi tbs Ddort~ad'es m~,i? P,Y We ~wo~s; ~ad t~t bs will p~e~ompt~j? deliver ibe offiaal s+eoeiph t~herefor to the Mort~ee~, b. 8s wW pannit, oommit, or suQe: no waste, Imp~iemea~, oe detedozs~oa~ of said propert~ ceaay ttu~ot e~ooept rea~o~asbis wear sad t~e~r• and in the eveat ot !he failure ot t6a Mort~or to keep tbe build~ on eai~ pe+e~i~es ~nd tbo~s tA. b6 e~ect~e~ oa ~id prennises, or improvements thereon~ ia ~ood repair die Mort6agee aa~? ot eaah ~d e~ a~ ia ib disoretion it m~y deem neoe~eary far theproper pceservRtion thereo~, aad !hs full amaunt ~ tbs lien ot i6i~~~ ~ shall ~be dne aad P~Y~ ~~Y ~d, and ehsll be ~eaured by d. Hs wtll p~q all and sin~ulae tbe oosts. u~e~ and eacpeasas, iadudin~ reaeun~bk Lwy~'s fees, and ooe~ at abetracts af title, inouered or paid at sny time ~r~y' the Mort~ee ba;auee d the fsiture on the part of the Mort~or ~+~~0. aad to pe~fosm We ~eeanents and cov~eosats of e~id pero~miee~ory note and tbis mor~,gage~, aad said espeases sLall be ~at p~,yable aad ehaII be eecured by ihe lien of tLis mort~e. T. He w~l oont~nuoue~ maintam~~ 1~~~~~ oi aucb t~ps or~yp~ aad amounts as Mortgagee au~ fi+o~n time t~O time requ~e, on tLe impruvemena now o~r Le~eaftet on said p»mises ~nd exoept vvhen paymnnti tor all such premiuma h~s theretofore been msde under (s oi pangra~h 8 hereof ~e will pay promptly ~vheo due any premiums therefar. All i~uraa~oe ahall be ~ in oomPaa~es aPPr~ve~ by. bi and the poli- c~es snd renelvals thereaf ahaU be beld by Mortgagee and have attached t6ereto loes pay~ble suees in isvor oi • and in form aooeptable to the M In event of loes hs will giva immediate notioe by mail to Mortgages, and MortgL~g~ee ms~ make p~r~oofa~~ ii aot made prompt~,y by Martgag~or1 and each inavnnoe ,oompaqy ooncerued is be~+eb ~uthor~ed and direoted to maica pi?yment for such loes du~ec to Mortgage~ instead oi to Mortgsgor ~nd ~ortg~gee 'oin~y , aad the insuraaos prooeecls, or aqy p~e~t there~~may be sp- ptied•by l~iort- ~agee st i~s option eitLer to ~ reduction of the indebtedness hereby eecured or to t~e restorst~ion or rspair ot the prope~y dama~ed. In event of forec~s~u+e of thia mortgaRe, or other ~er of title to ~the mortgaged pa+operty m ea~t~ingmahment oi tha indebtedneea secured hereby,-ill right, title, and interest oi the Mortgagot in and to aq~ inau~nce policias then in foroe shall puss to the purcLaser or grantee. - 8. He will not ezecute or Sle of record any instrument which impoaea a restriction upon the asie or occu- psncy oi the pmperty described herein oa the basie of race, oolar, or creed. 9. If the premises, or any part thereof, be condemned under the power of eminent domaia, or aoqaired for a public use, t~he dau?sges awarded, the pra?ceeds for the taking of, or the consideration for such aoquisi- tion, to the axtent of the full amount of the remaining unpaid indebtedne8a secured by thia mortgage, are herebv asaigned to the Mortgagee~ and his heirs or assigns, and ahall be psid forthwith to said Mo r-t~agee or lua assign~ee to be appiied on account of t6e last maturing inatallments of such indebtness • provided,-how- ever, the 11~ort~e~ee or his ssasignee, may at his discretion pay direct to the Mortgagor, his ~eirs or sasigns any part or all ofauch sward; provided, that if the loan is guarsnt,eed or inaured, the oonsent of the guaran- tor or inaurer is obtained in ad~ance of saidpa ymeat. 10. The Mortgagee m~y. at sny time ~ending a suit upoa tbis mo , spply to the oourt hsvinR j~iriadic- tion thereof for the ~ppointment of a receiver, and such cowrt absll for v~nth s~point a receiver of the premisea covered hereby aU and sing~ilar, imcludin~ aU and singular the inoome, pro&ts, ~ssues, and revenues from ~rhst- ever eowrce denved, each and every of which it being expreeely underatood~ is herebp mortgag~ed as if specifically set larth and descnbed in the grantang e?n~ habendum clauses bereof. 3nch appointment ahsll be made by such court as an admitted equity and s mattsr oi sbeolute right to said Mortgagee, and without reference to tLe adequacy or insdequacy of t6e value ot tLe property mortgsged or to the solvency or ineel~ency of said Mor r or tLe defendants. Such renta, profits, inaome, ~ssues, and revenues ahall be applied by such receiver acco~~ to the lien of this mortgage and t,he practice of such court. In the event of any default on the part oi t~e Mortgagbr hereunder, the biortgagor sg~rees to pay to the Mortgagee on demand as s reasonable monthlv rental for tLe premises an amount st leas~ eqwvalent to one-twelfth (3~:) of thea~r~s te of the twelve monthly instsllmenta paysble in the then current year plus the actual amount of the annual tates, ssseeaments, water ntes, and insuranoe premiums for sucL year not oove~red by the atoressid monthly paymenta. 1 l. In the event of any breach of this mortgsge or defsult on the part of the Mortgag~or, or in t6e avent tbat any of said sums of money herein refen~ed to be not promptly and (ulty psid according to the tenor hereof~ or in t6e event that each and every the stiputatione, agreemente cond~tions, aad oovenants of ssid note snd t6is mortgage ~ are not duly, pmmptly, and fully performed or i~ the Mortgagor be sdjudicated banl:rupt or made defendant in s bsakruptcy or receiverahi~ pmceedin&s; then in eitLer or sny such event, the said aggre- gate aum mentioned in said note then rem ' unpaid~ with interest accrued ta that time, and all money secured hereby ahs11 becwme due and gayab~orthwifL, or theresfter, st the option of said Aiortg~ee, sa tully end compf etely as if all tLe said auma of money were originslly atipulated to be paid on such dsy~ an,r- thing in said note or m this mort~sge to the contrar~? notwithstanding; and thereupon or thereafter, at the option of said Mortga~ee, without notice or demsnd~ swt at taw or in equity, mav be prosecuted as if all monevs eecured herebyhad matured prior to its iaatitutaon. The Mort~agee may ~oreclose t~his mortgage, as to the amount so declared due :ud psyable, and t~?e asid premises ahall-ba aold to eatiafy and psy the sume together with coata eipenses~ and sllowances. In case of partial forecioaure oi this mortgage, the mortgeged premises shall be sofd subject to the oontinuing tiea of this mortga~e for the amount of the debt not tben due and ~uipeid. In sucL caae the pmvisions of tLia paragrsph may agaut be availed of thereafter imra time to time by the Mortgagee. 12. No waiver of any oove~nant herein or ot the obligatioa eec~ued hereby ahall at any time theresfter be held to be s waiver of the terana hereof or of the note secured hereby. 13. The tien of this inatrument ahail remain in full force and effect during any postponemen~ or estenaion of the time of p~?yment of t~e indebtednees or any part thereoi eecured hereby. 14. This mo~tg~ge ~s given to secure the purchsee monep, or a part the~t~eof, of the lands herein described and is ezecute~ aad delivered contemporaneoualy ~rith the deed therefor. 15. If the Mortgsgor defsult in aay of tLe oovenaut8 or agreementa contsined herein, or in said note, then tbe Mortga~ee may perform the eaane, and ~11 ezpenditurea ~including reasonsble attorney's fees) made by the Mortqagee u? eo dou~ shall dnw interest at t,he rate provi ed for in the principal indebtedness, and shall be repsys~b~e t~irty (30) dsye after demaad, and, together with interest snd oosta sccrued thereon, shaU be secured by tLis mortgage. I6. Upon the reqnest of tbe Mortgagee the Mortgagor shaU execute and deliver a supplemental note or notes for We sum or sums advaaced by the Mortgsgee for the alteration, modernias~ion, impmvement, msin- tenmce, or repair oi said premises, for taxes or ~eeees~nents againat the eame and for aay oiher purpo~e suthor- ised hereunder. Said note or not,~s ah~ll be eecured hereby on a parity ~rith and as fully as if tlie advsnce evidenced thereby were iacluded in the note Snt d~~e..~~~~emental note or notes ahall beu y--~ x _ ~-~`~',~~.-,~.a?~ ~ - - - - ~ -