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Home My WebLink About0081 ' •~'1~~ t S r~ ~ ~I , ~l 4 't ~ ~ . • , . '.-~nrt~a~or sbaUp~ to the Mo~tta~es ai~r~mollQL Aeoee~at~ to make up the deficienc~. 3uadp~m ent shall ~e made within~t4~rt~ (30) dar atRer writtea notdce from the Mort~a~e~ atating tiu~ asaouat ot ths deBcieao~r, whieh notios a~ ba ~iven b~ mW. It ~t~,y tims t6e Mortg~goi eii~ll t~ender to the Mortgagee in sooord- • ~aos wiih t~hs~pro~iaons oi ths aote secured he~eby, iull payment oi the eaRu~e iadebtedness repn~nted at~6e~rsb7, the Mt~ ~~aoes ~haU, in oomputing ~he amount oi suo6 indebtedaesa~ etedi0 ~o the aoooun` ot t~ha Me~g~r aq~ credi~ bal~nce uader ths provisione oi (a) ot ~ict ph Z.. It there ah~ll be deGwlL ander aqy ot tLe ~ro~iaio~ mortga~e t~uiting ia a public s~la ot e premi~es oovend henby or it t~he Mortg~gee acqwres t~he pmp~t~ ot,6etwue dt~ee det~ult~ ths Mo~g~ee ehaU ap . at the t~ims o~ t4e oo~mmencemen~ of wch proceedings or at t6e lime the property is otLerw~es~cqu~~e am ua~ then remaining to credi0 oi Mo~ under ot psragrwpb ~ greceding 4s s credi~ on t4e interest aoarued and unpaid anc~ tLe balanos to tlie princip~l tben remsiaing napaid oa uid nots. 4. He wllt py aD ta~oe~„ are~eats, w~tee ~e~. and o1Lee~a~eeamental oe munlciPd abar~e~, 8a~. as t~?t Ls~w~ill pe~o~mpty deliv~~~al re~~i~ t~eto~~r Zo~W~e Mt ~ tbs Ma~i+~i'ee m~? pU? tbs b~. He wW p~mit, oommit, ae euf[er no ~~ey imp~irmAak ae d~erb~tia~o ot eaW pe+ope~#~~ a t6ee~eoi e~eep0 re~oosbk w~r aad tar• and ia tbs enent ot t6s failurs cf tLs Moitp~or to loeep tLs bui~ on ~ pee~i~e~ and t6o~e to bs ee~ecte~ an Mid premises, cr impe~ovemeaa tLa~ean, in ~ood repair Ws Motf~~ee mw? m~ioe w~oh rep~ies ~s ia its dLore~ion it may deem aeoeaeary ios tbe~~e~opee pe~ese~rvation tbe~eo~ and tbe full amount at eaeh an~d e~eey ~oh p~yment ~baD bs dne and P~Yabie thiet~y (~o) dyrs ~ttec deaoaad~ ~wl ~6all bs ~ea+u~ed bp? tbs ~ien af this a~oct~e. . a.. He will pw ad snd e~ub~r ths oost,s, and e~pea~es, in~udias re~sonable Lwyee'~ fea, and oo~a af abdraota r~ ~€t3e, ioauried ar p~id st ~uqr ~mio~e ~~oet~ee beaue~} ot the failurs o~n the paet of tLe M prcmpt~p aad ~o pe:fc~m tbs a~ree~nants and ~venants at edd pe+oonieeory note snd this mort~e,~ ~ eo~h. o~e~, ea~pe~es e6all bs immedtste~y dns aad p~ysbb and ehall be eeaured by tbe lien of tbis m~t~e. 7. He wjD ao~atianon~ maintain basard insnraaos, at a~ch t~~pe or t,~ype~ snd aanouats as Mortga~ee ma~ l~+o~m time to tims requie+s, on ths imp~+o~am~ents now or be:~eotter on esia es~ ~ad eucepti when poymen~ ta: aII wch pi;emium4 h~s tbe~+stetpt+s been m~de undar (a oi par~gra~h ~ Lereof he will ~,v3np~y wLen dne aq~ preminms tharetor. All i~uni~os ebaU bs ~ ia comP~~ sPP;'o~e~ b~ Ma~~and tbs poli- - aies and renewals tLereoi ~Lall be beld b~ Mortgagee aad Li?~e sttacLed tbereto loes p~yable in faoor ot and in iorm iwoeptsb3s to tLs M In e~eat ot bes ha will ~i~e immediate aotioe by mail to Mortgages, •nd M ma~ maks p~oota~~ ii not made P~'omPW b~ Mortgsg~orr and esch insuranoe comp~ oo~noerned~~~- autLosised and direat~ed tio maire p~ymenL for such bas duec. to Mo~ ms~e~d o[ tp Mortgagor and Mortgages~t~j?, and tbs insa~raaos prooeeda, or aqy parC tbe~+e~~mq7 be ap-F7ied by I?iort~ ~ages at its option eitLer to rednction oi tLe indebt~edness Lereb~ eecm+ed or to t~e restoratwa or repair at tbs propeety damaged. In event oi iorec3oenre of tbis mo~a~, or other tranafer oi title to tLe mortgaged propert~ in t of tLe iadebtednees secured Lereby, all rigLt, title, and intereet of tLe Mortgagr?r in and to an~ insunnoe poliaes tben ia foros eLall pass to tLe pur~basar or gnatee. 8. He ~i!! not esecute or Sle oi reoord sny instrument which impoees a restriction upon the eale or oocu- pancy of the property deecribed }?erein on the basi~ of ~raoe, oolor, or creed. 9. If the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a pnblic use, the damages awarded, the proceeds for t6e tal~ing of, or t6e oonsideretion for such soquisi- tion, to the extent of the full amount of the remeining unpaid indebtednees secured by tLis mortgage, ate hereby asaigried to the Mortgagee, and hie heirs or ses~gns, and shall be psid fortLwith to eaid Mo -rtgegee or hia ~ee to be applied on account of the last matnring instsllmeata of auch~ indebtnees • pmvided, how- ever~ tbe ortgagee or lus assignee, may at his discretion pay directi-to'the Mdrtgager, Lis ~eira or sesigna any parti or aU of such sward; provided, that if the loan is gwrant~eed or insured, the oonsent of t6e gusran- tor or inanre~r ie obtained in sdvance of anidps yment. 10. The Mortgagee may, at aay time ~ea 'id n-g a sui~ upon this mortga~e~apply.to the oourt hsving jurisdic- tion tLereof for the sppointment of s receiver, aud such oourt sball forthvrn s~pomt a receiver of the preanises ' ouvered hereby all and aingular~ includin~ aU and siagular the inoome, pmfite, issuea, and revenues imm what- ever eour~e denved~ each and every of wluch it beu'~ e:preesty understood~ is hereby mortgag~ed sa if specificsUy ; set forth ~and descnbed in the granting an~ habszdum clsuses bereof. 3uch sppointment shall be m~de by E such oo~ut as aa admitted equity and s matter of abeolute right to said Mortgagee, md ~+ithout referenoe to I tbe adequacy or inadequacy of the velue of the property awrtgaged'or to the eolveacy or insolvency of said Mor a~or or the defendanLs. 3uc6 renta, pmfits, inoome, ~ssuee, aad revenues shall be applied by such receiver aooo to the liea of this mortgage and the prsctice of auch oourt. In the event ot any default on the part oi tLe Mortgegor hereunder, tbe biortgsgor a~reea to psy to tt?e Mo on demand as s reseonable mont,hlv ~ rental for the premiaee an amount~at least equivalent to one-twelfth of thea~s te of the twelve monthlv installmeata payable in the tLen current year plua the actual amonnt of the annual taxes, aseeesmenta, w~ter ntes, and insunaoe premiums for such year not oovered by tLe aforesaid moathly psymenta. 11. In the event of any breach of thia mortgage or defsnlt on the part of the Mort{~agor, or in the event tbat aa~ of eaid sums of money herein reterred to be not promptly snd fully paid acxording to the tenor hereoi ~r in tbe event that each and every the atip ulatione, agreements oonditiona, and oovenanta oi said note an~ this mortgag~e, are not duly, promptly, uid fully periormed or i~ Lhe Mortgag~or be sdjudicated bankrupt or made defendaat in e? banlQUptcy or receive~rshi~ proceedinga; then in either or any such event, the asid aggre- gate snnn meationed- in ssid note thenrema~ng nnpud, vrith interest acxrued to that time, u?d ell money ~ secured henby s6all b~Oms due and psyable forthv~nt6, or therea#ter, at the optioa•of said biortgagee, as fnlly and oomp~etely ~a if all the said sums of money were originally stipulated to -be psid on such d~y, m~- thing in esid note or ~n this mort~age to t~?e oontsa~~ notwitbstanding; and thereupon or ihereafter, st the option oi sud Mo~t~a~ee, without noVoe or, demand, auit st law, or in equity, tpay be prosecuted aa if vl monevs secured hereby 7?ed matured prior to ita inatitution. The Mortgagee may forecloee t~ mortgage, as to tf~e. ~ amount eo declae+ed due and payable, and t6e ssid pr~miees shall~e eold to satisfy and psy the asme tog~et6er ~vith ~osts e:penses, and allowancea. Ia caae of psrtul foreclosure of this mortgsge, the mortgaged prnm~aes ~ . ahall be eof d subject to t6e continuing lien of this mortga~e for the amount of tLe ciebt not then due and ~mpi?id. ~ In such case t~e provisions of thia paragrsph may agua be svs~ed of tLereaiter from time to ~icne by the . ~ Mo lrtgagee. p~ver of my oovenant herein or of the obligation eecured hereby ahell ~t any time theresfter be $ held to be a w?siver of tLe terms hereoi or of the note eecured hereby. 13. 1'he lien of thia instrument shall remain in full force and effect during any poatponemeat or ectenaion ot tLe tiune of payment oi the indebte~nees or aay purt tLereof eecured hereby. 14. This mo~g~ is given to secure the purchsee money, or a part thereof, of the landa herein described and is e=ecuted aad delivered cont~emporsneously with tLe deed thersfor. . 15. Ii tLe Martgsgor deisalt in any of the oovenants or agreementa oontained herein, or in said note, then tbe Mostga~ee may_perform the aame, aad all ea~penditures (u'?clud~ag reaeonsble attorney's fees) made by the Mort~g~e in so dou~g ahall dn~r intereat at tLe rate provided for ia the principal indebtedne~s, and she~ll be reps , le thirty (30) d~ys after demand, and, toget6er with interest and ooeta accrued thereon, shaU be secured b, , 18. Upon the request oi the Mo~y~y~ the Mortgagnr shaU e~cecute sad deliver a supplemental note or , aotes tor the sum or aums advanced by tfie Mortgsgee for the alteration, modernis~tion, unpmvement, m~in- ~ teaanoe, or repair of said premises, for taues or aeseasmenta agunat tLe same aud for any other purpose autl~or- • ~ ised lununder. 3aid note or notes ahall be eecwed hereby oa a parity ~vith and aa fully se if the sdvance e~idenoed thereby were included ia the note firat deecribed ~bove. Said supplemental note or notes aliall bear _ - - .