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Home My WebLink About2247 Mortgsgnr ehall pU Lo the Mortgagee aa~r araount neoesear~ to make up I.he deficicncy. 3uch ~meab ~hdl ' be made within t,hirt~ (30) d~s dter written aotice from the Mo stat,ing tl?e amouat ot the deScaenay. ~vhic6 notics my be ~iven by mail. Ii s0 ~a,y ti~ ]1larq~a~~a~~aU Lender to the Mortg~gee in ~oooM- aaos wit6 ths~ pro~itans oi the note secured ~ebt; tuU pa~mea ot t6e eatire indeb~edne~ represcakd thereby, t4e Mo ~haU, in oomputiog the omount oi such iodebtedneas. aredit to the aooount ot tba Mostgs~or aa~ are i balance remaini undee~ the provisiona of (a) oi said L Z. Ii there shall be a ng ee detsuIt uader any of t6e ~mvisions ot this mortg~e reaulting in ~ public sale of e premises ~oered hereb~ or ~f the Mortgagee ~cqwns the propertj otheew~s attec det~ult~ the Mortgyfee sh~U. ap ~ a0 the time o# t6e oommencemcn~ ot such proceedings or at, t6e Lima ~he property is otherw~ss~q . the c:aoua~ thsn remaining to credit oi Mo uader a) oi paragraph 2 precrdiaR as a csedi0 on t~he iatee+eat aocrued and ~a~~r ce unpaid ~ tha bsl~e to tbe principal en rem~ining nnpaid oa sad note. i 4. He wtlt pyr aD ta?~oe~, aserment~, watee sa~e~. aad ot6ee tai ae mw~idP~1 oharae~, 8ne~, ae imAodt~ons, for whieh pe~ovtsioa bas not been mads Lee~einbeta+e, and default t6ereot tbe Mort~ee my P~U? tbs rme; and t6st Ls will prompR~j? ddivec tbs o6ra~a1 reoeipt~ therefor to tbs Morta,~~ee. ~ b~ He w~ll p~mit, oommit, oe a~ffee no was~e, impairmeak ae det~rio~ation af satd pe~oped~ ae p~et tbereoi eoooept reaeonabls wear and t~ear• and in tbs event of Ws faiturs d ths Mortp~oe t~o keep tbe bu~np oa ~ai~ pe+amises and t6ose to bs erecte~ oa add premises, or improvea?eat~ t6ereon, in 6ood repair t6e Morta,~~ee my mnloe sueh iepaies ~s in its dieoret~n it m~y deean neoeee~ry fac the~~oper p~esecvst~~oa tbereo~, and tLe full amount ot e~?eh aad erery w~oh p~yment aball bs dne and i~labis tL~~jr (3v) d~?s sftee demand, and dull bs seound by t6s }ien ot i6i~ moet~e. He wID p~y dl and e~naulat the aosta, ~I~~~~i'~e~peases, in~ re~eooabb Lw~ree'~ fee~, a~nd ~o~b ct sbstraots of tiue, inaurred or p~id at ~ tino~e. r~ ' beau~ss af ths fdlure oa tbe part ai ths M~ ~t0. ~~~'6~, and eatpe~ ah~U be im~med~atebr dus and p~ysble and ~secured~ by ~a~i~anott~~e~ 7. He w~l ountinnoue~? maintain Lasard'msuranoe, oi anch t~pe or types and amounta ~s Morigages m~7 from ta~e t~o time requirs, on ths improvaments now or he~+eatt~ee on said~r~m~ees~ aad ezoept wLea paymen0 for aIl sueh premiums Las tberetofore beea mads nnder ~(a) ot paniges~h a here~f Le will py r.~nnp~,~y w~hen due ~a,y premiums t~here~or. AII insnntioe a6aII bs artied ia o~mP~~ aPP~~~ ~'9 ~Q~~~~and tbe po~4- cies and rene~vsls thereof e~asIl be Ldd b~ Mortgagee and hsve att~ched thereto bss p~yable in f~~or ot and in form aa;eptable to the M ~g~ee. In event o~ bes he will ~va immediste notioe by mail to Mortgages, and Mortg~agee. m~y maks pmofQ~aE bas if noti made prompt~y by Mortgsgora and e~ch ins~nnoe compa~ oonoerned ~s Lereby~ sutLorised and directed to make p~ymeat for such loas du~ec. to M mstead oi to Mortgag~or aad Mortgage~ joint~,y, aad ths i~n~anoe prooeed+e, ar aqy p~rt there~ m~y be a~•by I?iort- ~agee at its option either to tbe rednctioa oi the indebLednees hereb~ seeured or to t~e restontwa or rsp~ir o~ the proper~J dam~ed. In avenL of foreclosure oi.tLis mo~~~q~, or other tranafer of titae to the mortgaged pz+ope~rty in eztingwahment oi tha indebtednees secured hereby, all right, title, and interest of tLe Mortgagos m and to aq~ iffiursnae policies then in foroe s6all pws to tLs purcbseer or gcantee. 8. He will not euecute or file of record any i~trument which impoaea s restriction upon the sale or oocu- p~ncy. of the property deecribed herein on the bsais of race. oolor~ or creed. 9. If ~he premises, or any part thereof, be oondemned under the power of eminent domain, ~ aoquired for a public use, the damagea awarded, t6e proceeds for the taking of, or the oonsideration for such aoquiei- tion, to the eatent of the full amount of the remaining unpaid indebtednees secured by this mortgsgs, are herebv assigned to the Mortgsgee, and his heira or aasigns, and ahaU be paid forthwitb to eaid Mo~- agee or his asa~'gnee to be applied on account of the last maturing inatallment~s of such indebtaees• pruvided,~ow- ever, the Mortgagee or Ws assignee, may at hia diecretion pay direct to the Mortgag~or, his ~eire or aesigns any part or all of auch award; provided, that if the loan ia guaranteed or insured, the oonsent of the guaran- tor or insurer ia obtained in advance of ssidpa yment. 10. The Mortgagee msy, at any time ~en 'dmg a suit upon t,his mortgage spply,to the oourt Laving jurisciic- tion thereof for the appointanent of a r~ceiver, and such oourt elull fort6rvit~ s~point s receiver of the premisea oovered Lereby sll snd ungular. includin~ all snd eingular the inoome, pmfits, iasuee, and revenues fmm wLat- ever eource denved, each and every ot which, it being ezpreealy nnderatood, is Lereby mortgag~ed aa if speci6cally eet forth and descnbed in the granting and habendum clauses hereof. Such appoint~nent shall be made by such court ss an admitted equi~y aad s matter of sbeolute rigLt to asid Mortgagee, and ~vithout reterence to tLe adequacy or inadequacy of the value of the pmperty mortgaged or to the solvency or inaolvency of said Mo r or the defendanta. 3uch rents, pro8ts, ~noome, ~saues, and revenuea shall be applied by such receiver acco~r~'ng~ to the lien of this mortgage and tLe prsctice of euch oourt. In the event of any deisult on the part of the Mortgagor herennder, the Mortgag~or e~reee to psy to the Mo on demsnd aa a reaeonable mont6lv rental for the premisea en amount at le8at eqwvalent to one-Lwelith of thea~a te oi the twelve monthlv inatallments psyable in the then current year plus tLe actual saaouat of the annual ta~es, seeeesmente, wster ratee, and insurance premiuma for such year not oovered by the aforeasid monthly psyments. 11. In the event of any breach of thia mortgage or default oa the psrt of the Mortgagor, or in the eveat thst any of said sums of money herEin referned to be not promptlp ~nd fully paid according to tLe tEnor hereoi or in the event tLat each and eve tLe atapulations, agreemenLs conditions and oovenents of said note an~ t6is.mort~ag~ , sre not duly, promptly, and fully perEormed or i~ the Mortgsgor be adjudicated banl~vpt or made defeadant in s bankruptcy or receivershi~ pmccedinge; thea in eitLer or any suc~ event, the asid sggrc- gate aum mentioned in said note tLenremunmg unpaid, witL intereet accrued to thati time, aad all money aecured hereby ahall become due aud psysble forthwitL, or thereaiter~ st tbe option of said Mortgagee, sa fully and c~omp~etely as if all tbe said sums of money were originally atipul~ted to be paid on such day, anr- thing in said note or m this mort~ag~e to the ooatrar~ notwithstaading; and thereupon or thereafter~ at the option ~ oi sud Mo~~aq~e ~~vithout ~t~ce or demsad. awt at law or in equity, may be proeecuted aa if all moneva ~ eecure~i hereby bsd mstured prior to its inatitution. The MArt,~sgee msy forecloae tbia mo: tgage, as to tf?e amount so declsred due and psysble, and the asid premiseashall-be sold to astiafy and psy tLe same tog~ether ~ wit,h coata expenses, and allowances. In case of partial fore~losure of this mortgage, the mortga~ed premises ahsli be eoid aub~ect to the continuing lien of this mortga~e for the amount of the debt not then due and impaid. In such caee the provisio~ ~!.~is paragn?ph may agun be svailed of thereafter fmm time to time by the Mortgag+ee. 12. No w?siver of any oovenant herein or of tbe obligation eecured ~?erebq ahsll st any time theresfter be ~ held to be s~vaiver oi the temne hereoi or of the note secured 6ereby. , j 13. The lien of t~?is inatrument shsll remaia in iull force and eSect during uny postponement or e~tenaion of the time oi payment of the indebtednees or any part thereof secured hereby. 14. This mortgage ~s given to eecure the purchase money, or s part tLereof, of tLe lands herein deacribed _ and is esecuted and delivered oontemporaneously ~vith the deed therefor. 15. Ii the Mortgagor default in any oi the ouvenante or sgreemente oontained herein, or in said note, then the Mortga~ee msy perform the same, sad aD eapenditures (including reasonable attorney's lees) made by the Mortgagee ~n eo dom' ~aball dra~r interest at the rate provided for in the principal indebtedness, und shsll be repsys~ble thirty (30) days sf ter demaad, and, t~og~ether with interest and oosta accrued theceon, aheU be secured by t,his mortgsge. 18. Upon the requeat oi tLe Mortgag~e the Mortgagur shaU e:ecute snd deliver s anpplemental note or ~otes for tLe anm or suma odveaced by the Mortgagee for the alteration, modernizstion, impmvement, main- tenmce, or repair of eaid premisee, for taxea or aseeeemeata agsinst th8 same and for any other purpoee suthor- ised hereunder. 3sid note or notea shsll be sccured hereby on s parity with and sa fully as if the advance evidenoed iLareby were iacluded in tlie note fiQt~e~~ abov~~~ supplemental note or notes shall beu g~o~, ~acE . Y''' Y'.~ r" . . . x~~