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Home My WebLink About0429 . ' O ' ot the Mort~~ee berna~ ldunediatelY due and payable. wlthout notlce. and Proceed?n~s my? b~ lostttuted b~? tl~i ![oct ~s~ee ior the reoc~ves~? tberso~ Dy foreclosure oe tAis Mort~e. or fa aqy other caaaaer yernottted bl? law as tbe Mott- ~ a~? elect. WtNn~ L tbe note ~ ln Ws Most~a~e oontdned to tb~ aontnry thsreto notwithstandin~. Upan ton- closur~ of Ws MoY'ti~?~e. th~ ldortja~es ~A~D be allaw~d as a part ot tbe fndebtedneo ~ecured ber~b7. a~W tM ~dort- ~a~or atr~w to W. ~ll oosts and expea~es iacurnd in oonn~ctbn tMrewltb. lndudins re~sonabM aKorn~y'a tea. oat o! tltle and tax ~earch aod the exta+Woa to dat~ at an abstnct oi title or tltN Po114: ~ad 1n ca~e a~ch fo~redosure Proosed- tn~s are aett~d eetore cee oonwmmation uknot or tbe eAcn? ot iuas~< w sucb cosb n,e ex~ua .aa otner ; char~es so 1ac+~rnd. lncludtn~ a reasoeabM attorne7'~ te~ sha11 nevertl~elas be pald. TAe 1do~tp~e or W P~rRT i ~ for~may b~ ex~r.~bed fmmidl~at+~h uPos d~ ar a~t ~tbere~it~r~. aAd notbint ~AW~oomt~ued to be~a { waiver oi such rl~t unle~s widenoed b~? ~a tnq~ume~t in wrtUns to that e~ect dul~r exa~vted bY the~ ~[ortsa~ee. TM 1 Mort~~or walves all rlsbt o[ ~omast~d ~ad anm~tian ~eanted Ev? th~ Coo~tltntba aAd I.aws a! l~'laeW~. AND THTs MOATGAGOR FURT~R CONVENAN'18 AND AGRSE3: 1. To pay the priadpal ladebtedne~s wita interest ar fa the aots providea. 'ib W1~ montl~ unto t!M ~[o:t~a~aR 1n addition to atM at the tlene ~ad plaoe toe e~ch pa~ment of prindpal and iatrered. aa installrn~nt o[ e~ch d the folbw- ~ (v Taaes ae~d a»e~nent~. ~aner~l or speci~l. atW all other c.bar~es levkd or to be lrvled a~ainst the premt~es. (b) Premiums W beca~rre due and p~yable for. ~nd to renew. tAe inauance on the premtsa a~ainst las by ~re and wM 9ther ~aras'ds. c~swltks..aud cpayn~ndd ai herdn~ravlded ior ar t~tqulred ie+o~n tfm! to tlme. ~ The amc~unt ot the rapectlve montLlY InstaUments shall be equal to the aanount oi the annwl reapecMv~e cbarQe next due (~s ~stlmsied br the l[orf~a~ee). law W tm~tallments al~+ Wid theretoe. divlded b~r tbe numb~r a~ moatAly in- stvla~eab t~eretor beoomio~ due not Lter than one month psbr to tbe dw date os atpr auch c~r~e aad sl~ail be sub- iect to 1n~re~se oe ~ to tLe eutnnt ='o4ulred to create as oi a anonthqr p~yment date on t~t not~e not 1las tben one ~ month prlor to the due date at aq~r su~h cUar~e. s~1-a~oW~t. at~ident ior.lba P~Y+~~ tbereof whaa due ~nd pb?able. In no e~vez~t shall the Mort~a~ee ~ and? p~ime~nt be liaWe far ~ny interat oei ~qy amount pafd to !t as herdn re~luired. and tLe monry so reaetved ayY be beld with ib awn tunds pendtns p~ymeat or appllcation thereot as herein provided. TLe Mort~oe st~all inrnlsh unto We Mortpgee st l~st Siteen d~rs before the due date ~a oatcW statmntnt ot the amouat a~ eu~? taxes or aa~4 nezt due. and such ~[oetsajes dull pq? the abo~w cbar~es to the annount ot the then unused credit theretor ~s and whea tl~? beoome sevenl4 dne ~ad payable. TAe M~agee nw. ~t its optlw~. P+~? an~? oi such c~ar~es wTrea pr~yaWe. dtl~er betore o~ atter thel? are 8eliaquen~, wlthont notice. or make advances tberefor in e~ooe~t ot the then amonnt ot credtt fae~ sRld Tba e~ooea~ atnount advaaoed aball be lmmedtat~e;y due ae aad peyaWe to the Mort~~ee aad duII be sedu+cd as an addf PrladPal aun under thls instivment aM bear tbe same rate of interest lrara date ot advanoement as the piindpal indebtedaes~. l1a onldal raodpt theretor ~il be c~cludve evidence of such psyment and oi the validtt~ oi mch ct~ar~es. 11~e Mort~a~ee m~1Y ~DD~? credib held by it tor tLe above charges, or any part tha~eoi. on account of aqy delfnqueat fastaIInKnb oi prlndpal or interest or any otl~er payments maturin~ or due under this fns4ument ana tae amount oi cred[t e~dstia~ at aW time shW be reduoea by the amount ~ tbereoi psid or applled as herda providea. T~e amonnt oi the e~dstina credit hereunder wt t6e tlme ot ae~ tr~nder of the P~~Y ~ wlthout ad~nmeat the~+eo[ innrs to tLe beneAt a[ the suooeawr owner oi tM properf,~ and s~ll be applied undet and sub~ect to ell oi the pruvldons hereoi. Up~o~ tbe pRymeat in full oi the indebtedaeo. the amount oi any unnsed credit shall be applfed W the payment thereoL The Mortgagee ms7 collQet a'7ate charSe" not to ezoeed four oents (~c) foi each one dollar (i1-00) ot esch monWy installment p~yimnt required an the aote and nnaer tbls Mortga~e wNch 4 more than ~(ls) dtys fn arrears. to cover tUe e~ctra expenx lnvolved in Aandllag delinqnent p~yments. 2 To pay. when p~yeWe. all twnes and as~ments. 6eneral or special, aater rents aad ~ra~nd renb and all other cbarges whabocver levied upon or aaseaed ae plaoed a~ainst the premtses, pmvWon for whtch ~ not been made here- inbefore. and vvlll Promptly deliver tbe a~dal rioelpts tLerefor to the MortQa~ee; to likewi~e pay all taueR aoeam~eab and'other charee~. kvied upan or aa~ed. Pla~ed or made aB~+~s~ tWs instn~~ or the indebtedaea or a~ faterest oi . t~e Mort~agee in the premises or the obligattons secured herebY. Provided that the p~yment o! aay wch tax as~- ~ ment or charge by the Mortgagor b not ooatnry to law or would aot reault 1n tLe p~yment oi an unLwfil raLe of fntec- est on the i~ebtedueas 6ereby secured. In the event oi tlre paasage atter the date ot tbis instrua~ent a[ a~+ Lw oi the • I 3tate. or subd[vldon thereo~ wherein the premisea are dtuated. creating or providing for au~' ta~ a~t or charge which by the above Provlao is not to be paid by the MortgaQor. the indebtedness ~ecured hereby tog~etLer wdth iaterat due thereoo, shall, at the optlon oi the Mortgagee. become immedtate~j? due aad payabl~ and in tbe eveat pa,yment there- o[ ts not made forthwftL. tLe Mortgagee msY take or cause to be talcen such actioa or prooeedin~ as msy be talcen here- undez fn the cese a[ aq~? other default in the payinent oi the in3ebtednea~ 3. 1b keep th~ bntlding~ and additions thereto a~ or hereafter erected or plaoed upon the land insured agalnst loas b7 grc and wch other t~szards. c~alties and contingeacks. iacluding war damages fi at any tlme a state of war e~dsts ~ ~ it appeaa to the holder of the note that wu 1s 1mminenk and in auch anwuats and tor such perlo3s. as msy be reqnired ~ trom tlme to tfine by the MortgaB~. WlY P~P~ when due ail premiums on auch inwnance. providon for pay- aaent of whtch has not been made her~abefore. The polides ot insurance shpll bave loas ga~raDle provWons acceptable to 4 the Mortgagee and sball be delivered W and held by th~e Mort~a~ce, or as it me~y dfrect„ unt11 this Mortga~e 4 satisfled. Renevval pollctes at lnsurai?c~ P~ums for wblch bave been luU,y paid, are to ba l~rnished to the Morf~a~ee at lea~t ntceea da» P~r tio tae exptratton aate ot tbe fnsurance tnqreby t+e~eYnd. Tee insuranoe d~an be wrlaea in oompanies i •PProved by tLe Mortgagee: 1n ao event shall ttie Ddortga~ee be held rapo~iWe !or failure to pay i~ at?y insuranoe written or for aoy lass or dama8e graa+ing out oi a detect In a~? poliq or Qrowin~ out a[ any Ltl~u+e a~ a~ inatrance company to pay for any loas or damage inwred against. In the evwt ot br the Mortgagor sball give 1m~aedtste notice by mafl to the Mortgagee who msy make proof ot loo it not made promptly by tlie Mortgagor; ~ch insuraaoe company ; ooncerned ls.hereby auttwrfsed and directed to make p~syment for loss direct~y+ to the Mortgagee inatead e~ to the Mort- ~or and the Mortgagee iolntly; tLe lnwranoe Prooeeds. or aRY P~ ~W? ~ aPPUed bY the Mortgagee, at i4 optlon. to the expenses. !t any. fneurred by tt in. the coIIection ther~.w~ to the reductlon oi the fndebtedaas hereby se- . cue+ed. to tLe restoratlon or repair o[ the PropertY damaBed. or released to the Mortgs~or wIthont lisb~llty upon the Mort- gagee for such release. All polides oi insurance ase hereb7 asai~ned to tl~e Mortgagee as additional securlty ior tt~e pay- ment ot the sums and intereat secured herebY: in the event ot foreclosure of thls l[ortgage oz~ otAer tr~nater at tlW to tbe premisc !a extfngubhnnent ot the lndebtednas. all r1~1?t. tltle and fnterd~t of the Mo~tgagor 1n a~W to a~ i~rance - polldea theu in force ~haU p~s to the purcLaser or ~antee. 4. To compiete witbin a reasonable tlnne any building or buildlngi now or at mq tlme in the proceas oi erectba upon the Lnd end to P~?P~Y ~P~'. ~tore or rebufld anY bufldWg or improvements naw or liereatter on tbe land ahicD myr beoamt d~m~~ed oe be datrond, and aot oo~naott or permtt to be done or e:i~t on or ~bout t6e premises anythtt~ whei'e4Y ~ P~~+ at~ari beoome las vaWable: to oompt~r with all Lvr~ sules. regulaUons, or ordiaancea ot ~q gavern- meatal a~ency and not violate or permit the vfaLtlon as to t6e premises o[ aa~ bufldiag ar. nse restrlctfons: to keep the ~ land and lmProvaiaents t6ereon lree trom mecbanlNs aad maurialmen'a lle~s and wW not su![er aq~ Hea mperbr to t6e ~ lfen created by tbls indrument'to attach to or be entoroM against the premises. ; S. Ii delault be made ia the payment ot tazes. a~meatR liens. clafms. inwranoe premttuns or any oU?er charge 1 what~oever. or aeU part thueo~ or in the pesiormanoe a[ any act, to be pafd o~ pedormed b~ tbe l~o~tpsor undes tbe ; Pro~oas hexw~ the Mortp~ msY. at i4 optlon, mate pyrment thereoZ or pertorm aq7 ad requfred ot tt?e Mortga~ar in aq~ fortn or maaner deem~d atpedimt and pay an0? otLer sum tBat 1s neoearaq to pt+oteet !be sed~rlt,~ o~ tbls lnstr~t- i ma~t: the amo~u?b ~o p~id. wit6 interaR tAereop ~om tLe d~te of such py?ment at the same sate as boea~ b~r the prin- dpai Indebtedne~. shall be a~d as an addltlonal Hm oa t6e premises and sbW be ~88ed to aad D~oame a part a[ tLe ipdebtedna~ ~ecunM henby and be ImmedVtel~ due aad payable W t1~e Mort~a~ee. Aq~ p~ment ~ antLorlsed to be made bY t6e l[ort~ee an~ be m~de ~coor~fn~ to anY b~. statement or atimate lurabbeA ae procured L+om tbe a.^Pe'o- s~vyDllc~O~r o~ m~tbe h~aods a°t e~ieo~c~ ~~oo ci~ ~ a~ a.dsm~~aa~a ~t~~c : ~o p~(d• tLe l[ort~ee ~all, at its option. be snbro~ated to an,~r encnmbranae. lk~, ~Wm ae 8ernand, and W a11 the r{~to and ~ee~uitla fae the payment tLereoi. Dafd oe dVehu'iM wlth the prlndpal sum aa,vred ~ ae b~r t~ Yoetiajee nndfr ts! ~ bee~eo~ aod W sach wtb~v~atfon slshts s6~i1 be ~ddttlood and cmnulaHv~ Ncutiq? to tbis ~[oe~t- dD~l~~~ ~ ~ - • t ~ - ~ • ~ ~x ~ . .,r ~ - - - y:;