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Home My WebLink About1442 ~ . . _ ' T the deficiency. Such payment ehall be;q tbiu t(~p~ days atter ~vtittea notice troin the Mortgegee atatiag tha emount of tha de6ciency;~ u;~o~ice m~~ ~ven by mail. It at ~ay time the Mort~tagor ahs)1 tender to the Mortgagee in scaordaace with the prov~ons of the note secured hereby, full psyment of tha entire indebtedneas represented thereby~ the Mortgagee as trustee ahall~ in oomputiag the smount of auch indebtedueas~ credit to the accouat oi the Mortga~or suy credi~ balance remaining uader the provisioas of (s) of esid ph 2. If there ahall be s defsult under sny of the proviaioas ot t6ia mortgage resultin it? a public ~he premiees covered hereby, or if the Mortgagee scquires the property otherwise ~fte default, tha Mortgagee sa trustee ahall spply~ at the time oi t6e oommenceraent of such proceedinga or at the time the property ie otherwise a+cquired, the amount then remaining to credit of Mortgagor under (s) of para~nsph 2 precediag aa s credit on the inLereet accureci and unpsid i?nd the balance to the priACipal then remiuning unp~id on esid note. 4. 8s wiU pw vl ta~oe~. ~t~. watee and ot6ee~ov~eramenW a nnwnidpal oh~i'~a. 8aa. as tba M wln p~e~ompt~jr ~v~ee e~ial r~pta ~or t~ t~ Mort~~gee. i6s Mo~ee ny~ p,y t~ He w1U permi~, eammit, +o~r a~e~ no w~e, impaie~m~e~al, a deterbrat~oa oE edd p~uper~jr a~ny thee~eot oa eoooepR reno~ub~s was and teat• ~nd in tbs eveat ot tbe fi~lure af ths Mor~~ to keep t6e buil oa sat~ pe~nise~ ~nd tbo~e to bs erecte~ ~~id preani~eti oe ianpcoveooents there~n, 7a-~ood repair the Mort~~es myr nosloe woh repatrs N in its dLOretbn it msy deem neoa~e~sy iotfbe~ pe: pe~e~esvstion the~eo~ ~od ths tull amouoo ot e~oh and eve:y w~oh p~,ymenL ~hfiD b6 dus and peyi~{e tbirt7 d~,y~ aftec demaad, an~ ~6aU bs ~eoured by tbs lien ot t~is na~t~e. 4. He wW pRy a1l and dn~uLr t6s aoafs, ~nd eo~Psases. inoh~dint re~sonsbk 4wye~'~ feee~ ~ad oos~ af ~bdtacta ot ~itis~ inoucred cr p~id at aqjr time~at~Ae~beause of the failure oa the ~art of the M~ I~P~Y ~1 to paefosm tbd ~reesopat~ oo~veaanf~ oE ea3d prooniesory note and th~s mort~a~, d edd ~~P~+ ~11 be immedL?teb dns apd p~y~b~e aad ~haU be secured by the lien of tbus mort~e, 7. Hs w~l ~ntinnou~j maint~aia basard imnr~noe, ot wch tijps or~yp~ and. amouata as Mortgag~ee ma~ lrom time to time requus, on the impro~emeate now or bet+eai~ee~ on ssid -~r~mises and exoe t~vhen tor ail such premiums La~ tberetofore been made tmde~.(a oi~ 8 hereoi ~e will p ~'°~ent ~ psra~graFh he o~~ p~y pramp~,~y ~ dns aq~ premiums tLersfor. All insuranoe vall bs in oompanus sPProve~ c~~ and t6e aae~ aad reaewaL the~reoi eh~U be Leld by Mortgagee and L~ve attached thereto 1o~s psyabp le cGwes ia fav~or ot - ~'~~form aooeptabk to the M In event a~ bes Le will give immediate notiae_ by miW to Mortgag~e~, ti e a~~ ee msy ma~s prooi if not made pa+o~mpt~y by Mortg~g~orj ~nd eaoh msuranos oompan~ eoaosrned n ywt~uri~d aad directed to malos P4yment for such loes duectly to M inat~ead o! to Mort~ag~or and Mort~~gw 'oia~y , sad t6s insurac~os P~s, ~49 P~ ~f ~41 bs ~p ' by 11fort- ~ages sti ib option either to ~ reduction ai the indebtedae~s hereb~ aecured or to t~e restosat~on or repair o~ fbs propeet~ d~?maged. In even~ oi ioreclosurs oi tbis mortgage or othe~ transtsr oi title to ths mortgaged p~opezt,~ in e~ctinguuLnnenti oi the indebtedneN ~saured Lersb7, a~l rigL~, title, and intereeti ot tbs Mort~a~or ~n and tio ~r in~uraaos polioies t~6en in foros ~Lall pw to t~Ls gui+oba~ar or Qnates. 8. He wili not ezecute or ffie oi reoord ~qy instrumsnt wluch imnaes a restricWon upou the sale or oocu. ; panay of the pmper6y de~cribed herein oa ths baw oi nos, oolor, or areed. 9. If the~premises, or aap part thm~eof~ be condeanned under the po'ver of eminent domain, or acquired tor e public use, the d es awarded, the proceeds for the ~ ot, or the coasidezation for euch soquisi- ~ tion, to the eatent of th~ull amount of the remsining unpaid in ebtednees secured by thie mortgage, are t hereby aeeigned to the Mortgagee, and his heire or ase~gns, snd ehall be Lh M- agee j psid forthwi ta said o~g i or hie ~ee w be applied on account of tbe last maturing installmenta oi suah indebtnees• provided,~ow- ever, the ortg~gee or his assignee! may at his diecretion psy direct to the Mortgag~or, his ~eire or ~saigna aqy part or all o{sucL award; provided, ths~ it the loan is gueranf~eed or insured, the oonsent of tLa guaran- ~ tor or wsurer ia obtsined in advance of said papment, ~ ~ 10. The Mortgagee may~ at anp time penduig s suit upon tbis mo apply to the oourt hsving juriaciic- f tion thereof for the appointment of a rec~ver, and such oourt ahall fo~t~ s~powt s receiver of the premises ~ aovered her~eby all ~nd singul~?r~ includin~ all and singular the inooma, profits, ~esues, and revenues frnm whst- evet source denved,.each and every of wluch it beu'?g e~re~ly underatood~ iahereb mor ~ •et iorth aad de~bed in the granting and hsbsndum clauses bereof. 3uch appyoint~t~sha~lllbe m de by ~ auch court as aa admitted equity and • mstter of sbeolute right to said Mortgagee~ md without refereaoe to ~ the adequacy or inadequacy of the v~tue of the pmperty mortgaged or to the solvency or ineolveacy of said ~ Mo r or the defendants. 3nch renta profi'~s, inoome, iseuee, and~revenues shsil be spplied by sud? reoeiver = acco~~ to the lien of this mortgage su~ the practice oi such boust. In the event ot aay defsult on the part ' , oi the Mortgag~nr hereunder, the Mortgsgor ~rees to pay to the Mo on demand as s ressonable mont6lv rental for the premises an smount at teaet equuvalent to oae-twelfth of thea~ega te of the twelve montblv ~ installments payable in the thea current year plua the actual amount of the aaaual taxes~ aaeesaments, water - ntee, and insuranoe premiums for such year aot oovered by the doresaid moatbly p~yments. 11, In the avent oi my breach of t~his mortgage or default on the part of the Mortgagor, or in t6e event tLat any oi ssid sums of moaey herein referred to be aot promptly and tully paid according to the tenor hereof or in the event that each and every the stip ulstioni, agreemeats cbnditions, aad cov~n~ats of ssid note an~ t,hia mortgage, are aot dulp, promptly, and fully performed or i~ the Mortgagor be adjudicated bankrupt or : made defendant in a bankr~ptcy or reoaivershi~ proceedings~ Lhen ia either or aay such event, the said aggre- ; g~te sum mentioned ia eaid no6e then unpaid, ~tL intesrest scrxued to that t~ime, and all money ~ aecured henby ~bsll become due and psyable orthwith, or ther~siter, at the option ot ssid I~iortg~ , as ~ fully and oomp~etely as if all tLe eaid suma of money were originslly atipulsted to be paid on snch dsy~ anr- ` thii?g ia said note or in thia mort~ag~e to the uontrar~ notwit~atattdiag; and thereupon or thereafter, et the option : of esid Mo gee , without noUee or demand, awt at law or in equitp, may be proeecuted aa if all moneva ~ j secured hereb~~y hsd mstured prior to its inatitution. The MortgsAee may foreclose tLis mortgsge~ as to tbe ~ amouat so declared due and pay~?ble, and the s~id pretnises shall~e sold to satisfy and gay t,be same tugpther with coste eupenaes, snd allowancee. In caee of partial forecloeure of this mortgage, tLe mortgaged premises ; aha11 be so~d aubject to tLe oontti~nuing lien of this mortga~e for the umount of the debt not thea due and ~mpsid. { In such ca~e tbe provisions of this paragraph msy sgaui be availed ot thereatter from time to time by the ~ Mortgagee. 12. No w~iver of any oovenant hereiu or oi the obligatioa secvred herebp ahaU at any time thereafter be Leld to be s waiver of tlie terms hereof or oi tbe note secured hereby. ~ 13. The lien oi t6is instrument ahall remain in full torce and eHect during any pqatponement or ertenaion ~ oi the time oi paymen~ oi tLe indebtedness ar any part thereof secured Lenby. ~ 14. Thia mort~y~ is given to secure the purchase money, or a psrt thereof, of the la~?da herein described ; aad is ezecuted and delivered eontemporaneously ~?ith tDe deed therefor. _ l5. U the Mortgsg~or defavlt in ~ay of the ooveaanta or agreementa oont~?ined her~in, or in said note, then ~ ~ tbe Mortgageie may pertorm tLe same, aad aIl expenditurea (m'cluding reasoasble ettorney's fees) made by the Mo~ zn eo do~'ng ahall dta~r iaterest at tha r~te pmvided for in the principsl indebtedneas, snd ahsll br rep~yab e thirty (30) days atter demaad, and, tagether aith iaterest and costs accrued thereon, shall be secured by t~ mortgage. 16, Upon tLe raquest oi tbe Mortgagee the Mortgagnr shall euecute and deliver • supplementsl note or notes for We sum or snms advaaced by ~tbe Mortgagee for the alteration, modernis;tion, unpmvement, main- t~enaaoe, or repair oi said premises, for taxea or aeseeements against the same aad for sny other purpose autLor- ised Lenunder. 3aid note or notea shall be secured hereby on a p~?rity with and as fully as d the sdvaace I erideaoed tLereby were iacluded in tha note fint deac~,,,~. PAGE' ~i~~ntal note or notes ehall beu ~ ~ 8W - ~ . y»; y . ~a,s.` ti -~~.''~~x~^~~ ~ . ax,. . . ~ s .r', _ s~- ~ ' _Y? 4