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Home My WebLink About0593 i ot tAe MOrt~asee bacotrN lmmedlat~eb p~7~. w1tA0ut uotlCe~ 1md P~ ~Y b~ lnstituted bv? th~ HOCt- ~ p~e~ ior tl~ rsoo~?ei9 ~ by lareclosure a tAM Morti~. ar In W ot~rer manner p~smitted b7 U?w as tM Mort- ~ sa~c+ may ~1ect. ~ytbtnt ia tbe note or fa this D[orts+s~ aonWned to tbe oontni7? tAereto notwltMtaedlns. Upon fora ~ clowr~ ot this ldorfs+~e. tbe a[orts+~s'~ shall be allowad ~s a part ot ure indebtedaas ~acund l~seby. and ti~e ldost- ~~sn++ ~ P~. all oo~bi and e~ incurced ia oonn~ctbn tMrrwltl~. indudlos re~soo~bi~ attonN7'~ oott o! au. .na c.x .e.rm .Aa cee e~cc~dou co a.c. a~ .u .acracc ot aue or ttw poitq?: .na ~u ow .ucb tor.aowre rrooeea- . ta~s are sett.le~ betore tDe oooaaomatlon thereot or tM e~tr7 of ~udpne~< W~h oosta and acpaus~ aad otMr char~es su Ineurrcd. 6~hWins a re~sonabU ~?ttosiuy's tee. tliall nevertbelas be pafd. ~e l[crt~are or W Pasl~? in 1n~ terest. be1n~ tlie 1~L~st bid3~'. miU? b w Wn3~s' at an~? foradawr~ sale. An~ el~etbn by tA~ 1[at'tia~e~ ~s btreln pro- i vWcd ior ma~? b~ exercl~ed 1maiMdlateb? u~w? detault. ae at W tiu~ tt~ereattar. ana aotNn~ ~ull b~ oeodnaed to be a wafver oi soch rl~bt nn~e~s ~vWenoed b7? ~n loshva~ut fn wrida~ to tUat e~ect dub ~t~d b~ tM ~[aet~a~ae. The . Mortsssor watves aH ~t os bo~neste~d and ~~'anted b~? t!M Donstltutlon and I.awa at ~'yoatld~. AND THS l+[ORZti3AGOA FtJR1~ O~NVENANIB AND AGREE~: 1. Zb pep? tUe pdndpai indebtednas vdth mtered as m the note provlded. Zb pq monW4 uato tes ~aort~a~ee. fn addfUon to and ~t tLe ttme and pLos !or each p~neat oi pdndpal and.lntereu. aa lnsfallment d e~ at th~ lollaw- ~ . (v Zlaues and a~nanU. ~uesal w' speclal. and W other cbar~es levled or to be levled ~atost tLe premt~. (b) Premiums W beoorne due aad payable for. and to renew. the fnsuraace on tlre premisa a~alnst Iaes b~ II~+e and s~eh dAe! han?t'ds. e~swltle~ and ooaNn~ as heneln_Pi'ovidcd. far or mluitrd irom tlme to time. Tde amonnt d tne. r~peca~re mont~4 ~ab shall be equal to the amount oi the ~nnual re~pectlve cbas~e Aact due tas estta~aLed bY the ~[wrt~atee). les all lnstailc~eats alre~dY P~ therefor. divlbsd D7? tbe number a[ mont6q? 1n- stallments tDeretor beoomini dne aot Lter tlu~n ooe month prbr to ths due date a[ any au~h cbaR'~ aad shatl be sub- ~ect to lncra~se o:' deere~fe t0 th! eitteat ~4~i~d fa e~~ a~~lhi-i ~....,..L s~',~*~ ~t~ ~*!~..~s ~ moaW P~or to tLe due date ot W anch shas8e. at~ ~unt i~tlc~t fatt tbe -Pynaent tl~ereoR when dne- and payable. i In no eves~c sbau uie bcort~ee receivf~ aich wynneac be uable tor w intaac aa .a~? amount pafa co tc as aereln reclu~red~ and tbe monr~? so recelved mq? be heM wlth !b awn tunds pendioa p~yment or applkation U~ereoi n l~ereln prmrtded. Tlre Mo~or a~ell tl~rafsb unto the Mortg~gee at le~rt Stteen days before the due date aa o~tdal statemeat oi the ~mo~nt a~ anY taxes or ~ea~enb aext due. and such ~[ortp~ee al~all p1~ the above chaKes to tbe anfw~at a[ the then unwed credit therefor as and when they beaome ~everal~ due and p~yaWe. The ldoart~ae my. at i4 option. P~Y +~Y oS such char~es wt~en paYable. dtlrer betore or atter tbep are delfn4ueat, wlthoat noUoe. or malce advances tberetor in e:oes _ot the the~t amwnt ot credlt for safd ~The ac~a~ annonnt ~edvanoed shall be imme~lat~? due and P4ri~ to the ldostg08~ aad shall be ~e~wred as an ~ Prlndpal aum under tbls inshvment aM bear the same ~ sate oi fnterest irom dde oi advancement as tLe principal fndebtednes~. /1n o~klal reoeipt t~refor shall be oo~clusive ~ evidence of wcD paycnent aud o[ the validity o! atch charges. Tl~e Mort~ee maY aPPb? credib l~eld by it !or tlre abave cbarBes. or W part thereof. oa aei.wunt ot an7 de11n9uent fndalimeab ot pi3ndpal oe lnterest or . an~? other peyanents toatudn~ or due under thls insttunne~t and tt~e amount oi credit extstin~ at ae~Y time sbell be reduced by the aawunt , t~erreod paW or applied as herdn provWed. ZLe amount oi the exbtiaS credtt hereunder at the tlme o[ W trandu os the 1 P~rtY shall without aa~ment thereo2 innre to the beneAt o[ tLe suooessor o~4er c~ tM propetfy aad sbali be applled i under and sub~ect to all oi the pmvldans heri.wL Upon the p~yment in full o! the indeDtednas. the aniount of any tu~uted credit ahsll be applkd to the psyment thereoL The MortgaBee maY collect a"late ¢harge'" not W exoeed fous cents (~lc) foi each one dollar (i1.00) ot ~ch montNy , instaIIment payment reilutsed on the note and nnder this Mortgsge ahich b more than nttee~ (16) days 1n arrears. to caver the eatn expease imolved in bandUnB de11n4neztt payinents. ~ . 2 To pay. when psyable. all ta:es and a~menb. S~eral or speclal, water renb and ground re~b and all other cherQes wMboever levied upon or aaseamed or placed sS~t the Pnmlxs. Prnvidon ior w~h has not bem made her~- W~efore. end wW P~PUY deltver tLe osicial recdpts therefor W the MortSaBee: W ittewlse pay all taxes~ aeemneab and other charges, le~vied upon or aaseased. plaeed or made aSainst this fnstru~henk ur t1~e lndeb~e~nas oe aRy lnterest oi ~ the Mortga~ee 1n t1~e premises or the obligaUons secured hereby. provtded that U?e payment Pi any. such tax ~seeas- ~t or charge by !he Mortgagor ia not oontrary to law or arould not result in t6e p~ya~ent o2 an uaLwtul rate oi inter- at on the indebtednen herPby secured. In the event ai tLe passage after the date ~ this lnstrument ~~ay Lw of the 3tate. or subdtvlstoa thereo~ wherein the premises ars dtuated. creating or praviding for any tax, a~t or chargs wLich by the above pravlao b noR to be pa[d bq the Mort~agor, the indebtedneas ~ecured hereby togetLer aritlr fnterest due thereoo. sba11. at the oPtion oi the Mortgagee. become Immedtate~j? due and PaYable. and la the event pqyment there- o[ b not made iorthwit~. the MortSsgee maY take or cause to be takea such actlon or Prooeedin~ as m~Y be tai~en here- ~ ; nidrr !n tbe cese a~ an~? other default fn the payment oi the indebtedness. i ~ 3. To kceP ~~~Ss a~?d add[v°ns thereto on on c~reafter erected or p4ced upon the laad fawred against loas ~ by llre and sueh ott?er hasaras. cawaltfes and contingeacles. incladtn~ wrar damages fi at any tlme a atate oi war eiista or ~ it appears W the holder of the note that war b lmmfnent, and In such amouati and tos wch perbds, as mqr be requtred trom Ume to tlme bY the Mortgsgee. and to WY pro~nPW? when due~ all premfums orr wch insurauce. PruvWo~ for pqy- ~nt oi which bas not been made hereinbefore. The Polides of innuanoe sbaII have loss pqyabk provldaan a~ooeptable to tbe Mortgagee and shail be delivered to and held by tbe Mortpgee. or as it may dfrect, until tWt l[ortga~e b satidled. Renewal polkies o~ lnsuranc~. Pren3lnms for which have beea tully pald. are to be fusnbbed to t6e Mort~ee at least niteen dsys Prbr bo tLe ezpiratla~ date ot the inwniace theseby renewad. The i~air~aoe sbaII be wslttea in oo~panies •PPmved by tbe Mortgagee: fn no event ahall tDe Mort~agee be held r~poadbk for failnre to p,y for ~r insurance ~ aritten or for aRy loss or danm8e Srop?1n8 out oi a defect in any poLq or ~ out oi any bilure ot any insuraaoe oompany to pay for any loas or damege insured againsL In the event ai lo~t tbe Mortgagor shall give immedtate notioe by mail to the Mortgsgee.who may make proof o! lou if not made promPtly by tLe Mortgagor; each insuraaoe c~npany eoncerned is.herebY autLorf~ed and directed to make psyment for loss d[nctlY to the Mortgagee instead oi to tbe Mort- ~or and the MortgaBee ~Wntiy: tlre ina~anae Proceeds, or ~Y P~ mAY be aPP~ed by the Mortg~ee. at !ts optlw~. to the expenaes. it any. incure~ed bY it in tbe caIIection thereo~ to the redactt~ oi t6e indebtednas hereby se- cured. to the restontlon or rep~ir u[ the PropertY dsma8~. or rdeased to t1~ Morigagor without liability npon the Mort- ~agee ior such rel~se. All polldes o! inwrance are herebY a~siBned to the Mort~a~ee as additlonal secnslt~ tor t6e p~y- weat of the sums and interest ieeurcd berebY: in the evmt ot foreclosure of this Mostgsge or otLer trans[er at tltL W tLe prrmSses in ~eat M the iadebtedaese. all dgh~ tltie and interest of the Mo~rtgagor 1n and to aa~ lnwirance policles tb~ in foroe sbaII P~ W tbe purchaser or ~rantee. 4. ~o coanplete witUin s reasoasble time any building or buildtngs now or at any tiaae 1n the proceas of erectioa upon tlu Lad and to prnmDW? npair. restore or rebWld any bulidin8 or improv~ents novv or hereafter an t6s Lad whic~ ms~ beco~ne d~ma~ed ae be datrcyed, and not ooaudt or permtt to be done or ad~t en a~ ~ibont the preaoba aqyt6in~ whereby We premises abari beoome las valuable: W oomp4 wlth all L~vs. rulea. re~uLtioas. or ordinaaaa a~ a~q? sav~ern- ~xAw agencY and not vtolate o: permit tbe vloiaria~ as to tAe premfses a upr bWldtn~ or use ratrictlo~: to l~eep the ~ l~W and improvemeats thereon free iram mechanlc's aud inaterlaltnen's ltens aad wlll not w![er a~q? lfea snperbr to tbe 14n created by thls inrtruaaent W attach to or be esforced a8ainst tLe preml~es. S. It detault be made In the paym~t oi tauea. assemnents. llens. cWms. lnsur~aoe premfum~ or any other eLar~e what~oevsr. a' W Part tl~eoi. or in the pertormanoe M aqy? +~ct. W be paid or perlormed bp the liort~or under tbe ~ t~+eot, tbe Moetp~ee maY. at i4 optlon. mate pe~yment thereo[ or perform atp? act requfrad a[ tl~e MostQa~or in acq? form or manner ~eemed e~cpedimt and p~y arq? ot~r mm tbat 1s neoewr! to protect tbe iaa~sib oi tbb lmtru- ment: tbe amonnts so pd~, wlth fnterdt tbereon Lcomn the d+?te of such pRyment at tbe aame rste as borne b~ t6e pdn- lo~aebtedneas aec~tred berebp a~nd~be uimmedistel~ due aad Pyablep W~t~e MoctQa~ee. psyakat Lenb~ autl~os~~lsed to be m~8e b~ tbe ldoartp~ee myr be m~de aooordin~ to atq bi11. ~tatement or estimate furnfsbed o~ p~vrsd ti~om t6e appro- P~~ P~ o~foe ae the part~? claimin~ p~ymeat witboat faqule9 into tLe aocuraq a~ ralldlq? tbtrsp4 aod tbe t+eodpt d .np? ww~e o~oo.r or p.ra? m te. n.na~ oc t~e Maec~a~ee .bw ee oo4ciudve evwenoe oe tbe v~llma .ua ~moant a~km. ~opa~ : tLe l[ostp~ee ah~4 at its optloa. be anbropted to an~r escumbranoe. 1M4 cWm ae deawW, and to all t~ rlshb and iecnrities iar the pyakat ther~. Pvd or ~]~s~ed with the psindp~l sam ~scnred bereb~? oe bg? tbt l[octps+e un8er t~ p~+arf~bar Derea~ ~ad ~ auch inbroptlan rf~ht~ sL~U be ~ddltfoeul and dmm~Lttw ~'1!~ to tbfs Yoit i+~'e• . ~88tl1(~~ $A~ it ~ ~ . . _ .~.._.iy.. _ _ P.T"-.' . j{'S,2 3F;~