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Home My WebLink About0195 . . ~(1 ~ ' . a `,ti Mortgag~r shaU.p~ to Lhe Mortg~gee w amouat n~ to m~ke up ~he de&cicncy. 3uc6 payment~ sLaU be m~de wit,hin thirt~ (30) d~s attet written notice trom the 141ortgsg~ee-s~ating ~lie uaouat ot tl~e de6cicna ~ m which notace m~y be ~iven by mail. It a0aqy tims t6e Mortgagor ehsll tender Lo the Morigagee ia aooo - i?nos witb Lhs~ pm~isan~ of Lhe notie secured hereby~ fuU payanent oi the eatire indobtsdaeas represented thereby, the Mo~g~ shaU, in oomputing the amount oi auch indebtedneas~ credit to the aooount oI tho M~~ any credi~ balance remaiaing under tha provisions oi (a) oi said ph 2.. It there ahsll be • def~ t under sqy of ths provisions of this mortga~e resulting in a public sale oi e preauses oovend hereby or if Lhe Mortgagee acquvea the pmperttiy ot6et~ee dter dei~ul~, the Mortgag~ee shall ~pply, ati the time o~ the commencementi ot such proceedings or at t6e time the property is otLer~vveeacquired, tLe unount t6ea nm~ining to crediti of Mo~~ undor (a) oi paragrapb 2 precedu~g sa a credi0 on t~he intereat aocrued aad unpaid an~ tLe bal~nce ~o t6e principa! then temainwg unpAid on said note. 4. He wlII p~y ~D .t~a~es. aeee~emeob, wsUee and ot~hee~ov~e~nmeatal e~ municiPal ehar~es, Bne~ or impoe~tions, iee whioh proviaioa Laa not beea mids~~i~sreinbefore, and ia defwlt thereof tbe Moct~ee ao~1Y py? tbs wne; and thst hs will prompt~jr delirver fhe c~aid reoaipti therefor to tbe Mart~~es. b~. He will permit~ oommit, oe adar no ~ imp~ieme~t, oe deLer~or~?tion of e~id prop~l~ oe~y thereot eoooep~ ressoasble wesr and te~t• and in:th~.evast.ot the failure ot t~he Mort~or to keep the buitd~ on eai~ pceouises and tLose to be erect~ on wid pe~e~ai~es. • or improvea~ents tbereon, ~n-sood repsir the Mort$aaee my? malce sueh repaies as ia its diso:et3e~ it may deem neoeeeary to~ the proper preeervatioa thereo~. aad the f~ill ~mount of eaoh and dv~ery woh p~?ymen0 shall bs dus and P~Y+~b ~~Y C~) ~ atter de:uand, aad s6~ll be seoured by t6e l~a of t~his mort~e. ~ d. He will p~,y sll and ain~ular the aosts, ~ and ea~penses, indudina reasonsble Lwyer'a fees, and oost~ of abstracis ot tit~e, inaurred or paid at a~+ t3me t~e ~osta,~es beoause af the failnre an the psrt of t6e Mort~o~ p~mFtly and to perform t~he a~reeouenta and oovenants of sdd p~+oanieeorq note sad t,hia mor~e ~~nd ea~d ahall be immediste~y due aad p~rabls aad ah~ll be secured by the lien of this mort~e. 7. He w~l oontinuans~ m~intain Lasard insuranoe, of such type or types and amounte ~s Mor~gagee ma~ te+om time to time reqmre, on the impro~emeate now or bereatter on eaid aad eicepti when psymen0 . tor all suc6 premiums L~s theretofora been made under oi paragraFh 2 Lereof ~vill pay promp~,~y when - due any gremiums therefor. AIl i~uranoe shall be carri~in oomp*mes sppro~e~ by Mortgagee aad tfie poli- cies and reaewala thereoi ahall be beld by Mor~agee and have attacLed thes+eto loes p~able clsuses in isvor oi and ia form aa~:eptsble to the M In event ot bes he will give immediate notioe by mail to Mortgagee, a aad M~ may make proof o if not made promptly by Mortga~Or1 and e~cL insunnoe oompaq~ ooncernedis~eieby~ suthori:ed snd directed to make payment for such ioes duec. to Mo~~ instead of to Mortgagor aad Mortgagee jointly, aqd tLe insuraaoe pm~eeds, or aqy part there~~msy be spF7ied by 11iort- r gagee st its option eitLer to t~be reduction oi ~he indabtednee~s hereby secured or to t~he reatoratwn or repsir oi the property dama~ed. In event of fo~+eclosnre o~ thia n~~or othes t~ranafer oi tide to the mortgaged p~+operty in e=tingwahment oi t6e indebtednees eecured Lereby, right, title, snd interest of the Mortgagor m and to aqy insur~?noe policies thea in foroe ahall pass to the purcbaeer or graatee. 8. He will not esecute or 81e of record sny inattument which impoees a reatriction upon the sale or occu- pancy of the property described herein on the basis of race, oolor, or creed. 9. If the premisee, or any part th~eof, be condemned under the power of eminent domein, or ac~quired for a public use, the dsmages awarded~ the proceeda for the Laking ot, or the considerstion for such aoquusi- tion, to the e~ctent of the full amount of the remaining unpaid indebtedneas secured by thia mort~a~e, are herebv assigned to the Mortgagee, and his heits or~s~gns, and shall be paid forthwith to said Mo-rtgagee or his aes~'gnee to be spplied on account of the last maturing inatstlmenta of snCh indebtnesa; provide~, how- erer, the Mortgagee or his sasignee, may at his discretion pay direct to the Mortg~gor, hia heirs or aesigna any part or all of such award; provided, that if the loan ia guaranteed or insured, ~the oonsent of the guaran- ' tor or inaurer is obtgiuued in advance of said yment. _ ~ 10. The Mortgagee uisy, s~~any- tairie-~ieri ' s suit upon thia mortgage apply to the oourt havintt juriadic- tion thereoi forrthe sppomtment ot a receiver; tud such courCshaltiort4vnt~ s~paint s receiver of the pi~emises oovered hereby=all_and.aing~lu, includin~ all:and eingular thainoome, P*o6t0. ~suea, aad revenues fc+om what- I ever eource denve~,.each and every of which it being expreeely understood~ ia hereby mortgsged aa if epecificaUy ! eet forth and descnbed ~in the grenting an~ hsbendum clauses hereof. Such sppointtnent ahall be made by ~ such oourt as an admitted equity and s matter of absolute right to said Mortgagee~ and without reference to ~ the adequacy or inadequacy of t6e value of the propertR mortgaged or to the eolvency or insolvency of said ~ Mort~a~or or tLe defendanta. Such renta, pro6ts, mcome, ~saues, and revenuea shall be spplied by suc'h receiver ~ according to the lien of this mortgage and the practice of auch court. In tha event of any default on the.part of the l~iortgagor hereunder, the_111ortgagor a~reea to psy to the :1~io ~tgagee on demand ss a reaeoneble mont~hlv ~ rental for the premises an amount at least eqwvalent to one-twelfth ;f of thea~ga te of the twelve monthly inatallments payable in the then currnnt year plus tLe actusl smoun~ of the annual taxes, asseasonents, water rates, and insurauce premiuma for such year not covered by the aforesaid monthly psymente. 11. In the event of an~r bFeach of thia mortgage or default on the psrt of tLe Mortgagor, or in the event tbat say of said eums oi money Lerein refe~red to be not pmmptly and fully paid sccording to the tenor hereof or in the event tLst each and ev the stiputationa, agreementa conditions and oovenants of said note anc~ this mortgage, are not duly, pro ptly, and fully performed or i~ the Mortgagor be adjudicsted bankrupt or msde defendant in s bankraptcy or receiversW~ proceedinga; then in either or any such event, t6e said aggre- gate sum mentioned in said note then rem ' unpaid, ~th interest accrued to thst time~ and sll money secured hemby ahall becAme due and psyab~orthwith, or thereafter, at the optioa of said Mort~e~e, as fully and comp~etely aa if all the said suma of money were originslly, ata~iulated to tie paid on such day. an~- thu~g in said nots or u? this mor~age to the contrar~ notwithatanding, and thereupon or there.~fter~ at the option of said Aiortgagee, without notice or demsnd, suit at law or in equ~ty, may be proeecuted as if all ~rionevs eecured Lereb-y ~ad mstured prior to its institution. The Mortgsgee msy foreclose t~is mortgage, as to t6e amount ao declued due and psyable, and the asid premises shall be eold to satisfy aad pay the same together with co~ts eupensea~ and sUowances. In caee of psrtial foreclosure of this mortgage, the raortgaged premises ~ ahall be ao~d eub~ect to the continuing Gen of this mortga~e for the smount of the debt not then due and iinp»id. ~ In sucL caee the pmvisions of ttus paragrsph msy aga~n be svailed ot thereatter fmm time to time bv the Mortgagee. 12. No waiver of aay covenant herein or of the obligation eecured hereby shsll st eny time thernatter be held to be e w~aiver of tLe terans hereof or of tbe note eecured her~by. 13. The lien of this inatrument shall remsin in full force and ef~ect during any poatponement or estension _ ~ oi the time oi payment ot the indebtedneee or any psrt thereof eecured hereby. ? 14. 1'his mort~age ~s given to secure the pumhaee money~ or a part tLereof, of the lands herein described ' and is executed and deGvered oontemporaneously with the deed therefor. ' S 15. Ii the Mortgsg~or default in any of the covenants or sgreements contsined herein, or in said note, then ; the Mortga~ee msy, perform the asme, and all expenditures ~mcluding reasonsble attorney's fees) made by the Mo~ ~n so dou~ sbal~raw interest at the rate provi ed tor in the principal indebtedness, i?nd al~nll be repsys~b e thirty (30) dsys siter demand, and, together with interest snd ooats sccrued thereon, ahell be secured by this mortgage. - 16. Upon the requeat oi tbe Mo the Mortgagor ahaU eaecute aad deliver a supplemental note or notes ior the sum or sums advanced b~Mortgagee tor the alteration, modernizetion, improvement, main- . tenence, or repsir ot eaid premises, for tsxes or aseeesments against the sune snd for any other purpose sutlior- ~ ized hereunder. 3aid note or notes shsll be eecured hereby on a parity with bnd as fuUy as it tlie sdvance evidenoed thereby were iacluded in the aote firet d~cri a 3aid suPelemental note or notes shall bear g~aox~~ ~acE ~Q; - ~ , Y - ~ ~ ~ .s~~ ~ a ~ e _