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Home My WebLink About2797 , , ~ ~ ~ . the deficiency. Such pay ~nent al~all be made within thirty (30) days atter wtitten notice trom Lhe Mortgagee ' statiag the umount of tl~e deficiency~ which notice msy be ~ive~ by mail. If at any time the Mortgagor sl~a~l tender to the ~tort~agee i~~ acconiance with the pmvis~ona of the aote secured hereby, full pt?yment ~ of the entire indeb~ednesa repreaent~d thc+reby, tt~e Mortgagee ae truatee ahall, in oomputing the smount of such indebtc~~?ess, credit to tlie sccount ot the TiortRagor any credit balance remaining under the pmviaions ot (s) ai said para~raph 2. If tliere ahall he a detuult under any ot the provisions of this mortgage resulting in s public sale of the preniises covered heteby~ or ii the Mortgagee acquiree the pmperty otherwiae stter default~ the Mortgagee as truatee ahaU spply, at the time of the commencen~ant of such proceedinga or st the time the property ia ott~erwise scquired~ the amoun6 then remaining to credit ot Mortgagar under (s) ot para~raph 2 preceding as a credit on the iatereat accured nnd unpeid and the balance to the principal then remauiing unpaid on said note. 4. He will p~y aD ta~oee, ~aeesemenb. wstet ntes. aad ot6er~overnmen;~l v: munidPal ~?rges, 6ne~. os impoeitions, for which provi~oa 6as not been mads bereinbefore, and in default thereot tbe Mort;agee my? P~1Y ~ ~ Mme; ~ad thst bs wW P~e~omPtb? deliver ths o~cial reoeipts ~or tio the Mortg~ee~. ; ereo b~. He wIll permi~, oommi~, or wRec no w~e, impairm~ea~ ~ deteriori?tbn of ~operty ~ ~art thereot ~ eo~oep! ra~sonsbb weat and t~ear• aad ia the event of tbe f nre ~ the Mort~or to keep t6e b' d~n~s on eai~ ~ pce~ises and t~hoee to be et~ecte~ oa aaid pre~nises, or Improvements thereon, in good repair !he Mort6~ ~Y : make sueh repsiis ae ia its discretion it may deem aeoeeeary far tbe P~P~ P~?auon the[eo~, and the tull smoua0 oE each and every s~6 p?yment sball bs dne and P~41?~ ~Y C~) ~ dt~es de~nd, and e6a11 be eecured by ~ !~e liea ot tbis anort~e. i ' 6. Ha will p~y all and ain~ulu ths oost~, and eocpenees, inoludina reaeonsble Lwyer's fees, and oosts € at sbat~racts of title, ineurred or paid at any t3me l~~ortgagee becsuse of the isilure on the psrt of the Mortgsg~or ~ P~Ptly sad iu~ to perform tLe a~e~ts and oovenante of a~id pro~nnieeory note and thia mo , snd eaid and ea~panees ab~ll be immediat~r due snd pi4ysble and ahall be secured by the lien of~mortg~e. ~ 7. He wiII oontinuoue~ maintain Lasard imuranoe, of such ttype or types and amounts as Mortg~gee ma~ ~ ere trom time to time requu+e, on the improvements now or here~fLer on said p and exoepti when psymeat tor ~11 such premiums Lts theretofore been msde under ~(a) of p.r.~.Fb a be~oi will pa,y prompt1y wr6eu due ~ay premiums tberafor. All ineuranoe ahall be camed in o~mpanies approve~ b~ 1liortgagee and the poli- cies and renewals there~f ehail be beld by Mortgagee and have sts~ached thereto loes p~yable clauaee ia isvor ot oes - aad in form aa~eptable to the M In event oi loes ha ~vidl giva immediate notioe by mail to Mortgagee, and Mortgsagee may maice proof o if noti made promptly by Mortgag~or, and each inauranae oompaqT ; oonoeraed ~a hereby~ authorised and directed to make psyment for auch loes directly to Mo~~ b tead oi ee+ m ~ to Mortgagor aad Mortgage~ jointly, and the i~uranoe prooeeda, or aq~ part t6ee+e~f m~y be ~?pp ' y 111orw gagee a~ its option eitber to tbe reduction of the indebtednees hereby eecured or to the restontioa or repair oi t6e pmperty damaged. In even0 of foreclosure oi this mortgage or other traasfer of titde to the mortgaged ~ property in eztingu~ahment of the indebtednees eecured hereby, a~l right, title, and interest of the Mortgag~or ` m and to aqy inauranoe policiee then in force eball p4ss to the purcbiser or grantee. - 8. He will not ea~ecute or file of record sny inatrument whic6 impoees a reatriction upon the sate or oocu- pancy of the property deecribed herein on the bseis of race, oolor, or creed. ; 9. If -the premises, or any part thereof, be condemne~ under the power of eminent domain, or aoquired ~ for a public use, the damages awarded, the proceeda for the taking of, or the conaiderstion for such acquisi- ; tion, to the extent, of the full amount of the remaining unpaid indebtednees secured by this mortgage, ate hereby asaigned to the Mortgagee, and his heira or assigns, and ahall be paid forthwith to said Mo~agee ~ or his assig n~ee to be applied on account of the last matunng installm~nts of auch iodebtness; provided, ow- ~ erer, the Mortgagee or his ass~gnee, may at hia discretion pay direct to the Mortgsgor, his heirs or assigna ~ any part or all of such sward; provided, that if the losn is guaranteed or inaured, the consent of the guaran- ~ tor or inaurer is obtained in advance of saidps yment. 10. The Mortgagee may. st anp time ~eu 'dwg a auit upon this mortg~ge, apply to the oourt hnvin~ jurisciic- tion tbereof for LLe appointment of s receiver, and such aourt abell fortbwith ~ppoint a rece:ver of the premises ~ oovered hereby all snd singular~ includin~ all and singular the income. profits, ~aues,.and revenues from what- 6 ever source denved, esch and every of which it being eapressly understood. is Lereby mortgaged as if apecificaUy eet forth and described in the granting an~ hsbendum clauses hereof. Such sppomtanent ahall be made by ' auch court as an admitted equity and a matter of sbeolute right to asid Mortgagee, and without reference to : the adequacy or inadequacy af the vslue oi the proper6y mortgaged or to t6e solvency or insolvency of said ; Mortgagor or the defendanta. Such rents, profits, income, issues~ and revenues ahall be applied by such receiver ` a~ccording to the lien of this mortgage and t6e practice of such court. In the event of any defsult on the part of the Mortgagor hereundet~ the biortgagor a&reea to psy to the Mor on demand as a reaeonable monthlv ' rental for the premises an amount at least eqwvalent to one-twelfth of thesggregate of the twelve monthly ~ installmenta payable in the then cun~ent year plas the actual amount of the annual ts.ces, saaesaments, water ntes, and insurance premiums for such year not oovered by tLe aforeasid montWy psyments. _ 11. In the event of any breach of tbis mortgage or default on the part of the Mortgagror, or in the event tbst any of said sums ~f money herein referred to be not promptly and fuUy psid according iw the teaor hereof, • or in the event thet each and every the stip ul~tiona, agreementa conditions, and covenanta of ssid note and ~ thia mortgage, are not duly, promptly~ and fully performed or i~ the Mortgsgnr be adjudicated bankrupt or made defendant in s bankruptcy or receiverehi~ proceedinga; then ia either or any such event, the said aggre- gate sum mentioned in said note thea rem unpaid, with interest accrued to thst time, and all money aecured hereby s6all become due and psyab~orthwith, or therea~ter, at the option of asid 1liortgagee, as fully and comp~etely as if all the aaid sums of money were originally atipulated to be psid on such day, anr- thing m said aote~ot ur thismort~age to the contrar~?? notwithatauding; and thereupon or therealter, Rt the option of said Mortgagee, without notice or demand, swt at lsw or in equity~ may be prosecuted as if all monevs 4 aecured hereby hsd matured prior to ite inatitution. The Mortgagee maq foreclose this mortgage~ as to the ; amonnt so declared due and paysble, and the asid premisee ahsll-be eold to ascisiy snd pay the same together ` with costs expenses, and allowances. In csse of partial forecloaure of this mortgage , the mortgaged prnm~ses ahall~be so~d subject to t6e continuing lien of this mortga~e for tLe amount of the debt not then due aad ~u?paid. ' 3 In such caee tbe proviaions of thia paragragh msy agaw be availed of thereaiter from time to ti~ne by the ; ~ Mortgagee. ' 12. No waiver of any covenant herein or of the obligstioa eecured hereby shall at any time tliereatter be held to be s waiver of the terma hereof or of the note eecured bereby. 13. The lien of this instrument shall remain in full force and eHect during.any postponement or extension of the time of payment of the indebtedneas or any part thereof secured hereby. ~ 14. This mortgege ia given to secure the purchase monev, or s part thereof, of the landa herein described and ie eaecuted snd delivem.d contemporaneously with the d`eed therefor. 15. If the Morigagor default in any of the covenents or agreementa contained herein, or in said note, ~hen the Mortga~ee mey perform the same, aad all expenditures (including reasonable sttomey's fees) msde by the ~ Mortgagee m so domg ahall draw intereat at the rate pmvided for in the principat indebtedness, and al~all be ~ repaya~ble thirty (30) dsys aiter demand, aad, together with interest and costa sccrued thereon~ ahaU be secured by this mortgage. u 1 m ntal n t r ~ 16. Upon the request of the Mortgsgee tLe Mortgagor ahall execute aod deLver s s pp e e o e o notes for the sum or sums sdvanced by th Mortgagee for the alteration~ modernizstion, impmvement, main- t~eaance, or repsir of ssid premises, for tszes or asseesmeats against the asme and for sny other purpose autlior- ized hereunder. Said note or notee ah~il be secured her~by on a puity with and sa fully sa it tl~e advance : ~ evidenced tLereby were included in the note fust deec ' Said supplemental note or notes ahall bear amK ~~i~ ~~acE ~7g5 ~ - - - - " ~ -