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Home My WebLink About0726 oi tAe 1[ortjasee beoomt lamaedlatel~ due aM pyrable. v~ithout aottce, aad P~d~P m+U? b~ Wdituted b7 t~ f[ort- p~ee tor tUe noo~v~sy thtreo[ b~ loredoau~e o~ Ws b[orti~. ae ln aAr otMr maaMr p~rmitMd by Lw p t~ l[ort- p~m~r~ WthiTyt 1s th~ not~ o~ ia tWs l[ostsap oontafiud to tlw oontnrs tMe~ aotwitl~tae~dlet. Upoa far- clawr~ o~ ttds 1[ortsap. t~ l[ortpia~ d~W b~ a1law~ed as a part d tM indebt~de~s Meured 1~by~ ~uod tM l[ort- tlt~le~an~tau sear~c~h aod th~ ~c~eud~to dab aaol ~bdrut of tltlte o~r tltli pol~aad~aw lo~t~clow~r~ proosed- tnp ~re settlcd Detore tbe coos~nmattioa tbereo~t or tee eah7? W auh oods aud ~spae~ ~nd ot1Mr sth aet~~s~ ~ ~ ~ char~es so 1ne~n~ed. tmdud?ns ~ re~ooabM attornq's te~. d~W nev~sthel~ b~ paid. T1k l[ or aip p~ry? ia fa- t~nst. Delrs the bisl~ed bWber. mU? b~ a Wrel~a~a' at W toredawr~ aN. AWr elsetioa D~ tlr 1[ videb tor aw De e~c~rcbed ~abt~? upoa 8Kau1t. ce at W tla~ tt?~ewtt~r. aAd notNnt a~W b~ aoa~te+wd to b~ a waiver ot sueh ri~ht unle~s wld~aoed b7 an lmtru~aent fa wrlttt~ W that eQect dut~ aoecuted by tL~ l[ottp~a~. TI~ Mort~asoe M?dves aII ~ht ot boen~stMd aad aca~aptton srant~d 6~ tM Ooastitnt~oa and Iiws a~ ~'kHd~. AND THB MORZ~GAGOIt ~JATRSR OOI~VBNAN'18 AND AGREffi: L 1b py? tLe P~PV f~Web with intez~est at in t~e not! Pi'~?ided. ~b pV ~utN7,nnto tlM y[ottsa~N, in a8d1t1on W and at tUs tlme and toe e~ch P~aeat ot P~iP~I aud lnter~st. aa lmtalhaent a[ e~eh a! tM fo11o+~?- ~ (v Z1a~ces and ~t+. ~era1 or ~pa~al. ~ad alt other ct~ae~ea levled or to b Iwled asaiast tM p~ernts~s. (b) Premitt~as to beco~ due aad p~yabl~ for. and to rene~i. the inwnaoe on the preani~es a~i~t las bp? ~re aad wcb other ha~ard~? wnalnes .and contlniea~ as l~rela Oro~?ldcd Sor. oe required irom tlme to tlm~ TAe amonnt at the respectlv~ month~y im~tavmenb shall be Mwl to the anwunt ot tAe annw~l respectlw char~e next due (a~ estimated b~ the Mort~a~ee). 1Mt ~il fnstallmaats a1ne~Y WW tl~+efor. dtvfded by tLe number o[ montt~r in- st~hnenb t~erefot beoomin~ dne aot lat~ tiwn ars month Prlor to tLe due date at a~p arch d~ar~ ~ad s6aH b sub- ~ect to lncre~se or decewss w t~e actant ='e4nired to ereate as ot a iaonthqr Qaym~?t date an tM note not ler tban oae monw pr[or co the aue aace o~ an~? meh cb.e~e. an amouat au~c so;.rl~ y~meat .sbereot wDen a.s .na ~.yawe. In no rveat aball the Mort~a~ee rcoelvh~ +nch P~t De llable for an~ iatereat ca atq? awonnt p~fd to it ~s herefn re~lalred. aad the ma?e~? so reoelved my? be bdd wiW 1b awn fuadt pandlns payment or applicatlm thereo! as hereln pr~vlded. ?he Mort~oe sbW furntsh nnto the Mort~a~ee at least niteen d~ys before tbe due date an o~ldal date~nent Of the amouat o~ t~ea or ~amsents natt due. and such Mottp~ee shall py? tDe abav~ Cbat~es to tLe ataouat o[ tbe tbm unused creait therefor ~s aud wt~ea t6eY beoorae severaUY due and pyrable. Tf~e Mort~+~ee mq. at ib optfa~. W~Y ~?i? ot such cl~ ~?h~ P~Tabie. dther betore or atter thel are delWquen~ wltl~ont nottoe. or nuike advances therefor !n e~ooer at the tbea amount ad credit for afd ehaR~ TLe e~ooc~s amount advaaced tbaII be ia~mediateb? due end pigrabk to tLe Mort~ee and sLall be ~eqtred as an addltbn~l yrlndpal sunn under tWs it~t and bear tlw same rate oi interest irom dste ot ~dvaaoement u tbe prlndpal iadebtedne~e. An o~l reoalpt tberefor sAW be coacludve avldence oi such psyment and at Ure val[dity a~ sncl~ cAar~es. The Mort,~a~ee a~ aPPb credtb beld DY it for tLe abonre char~es. or an7? put th~reoi. an aocount ot aq~? aelii:qu~t installmeab ot prindpal at fnterert or auy other paymenL maturinY or due under thts instruraent and tbe anwuut o! credit ~ at aW? tlme sball be reduad bp the amount thereo[ paW or aPNied as hentn provWed. T6e arnount oi the existin~ crMlt beretu~der at the tl~ae a[ a~p tnmter ot the Property shall withatt a~meat tatrea~ inun to the beneSt a[ the suooessor owner oi tde proper(y ~ad shall be applled wider and subfect to alt oi the provldoas hereoi. Upon tUe P+qment fa full oi the lndebtedne~. the amouat of any nnuted ored[t shall be sppikd W tLe paya~mt thereoL The Mortgagee auY oall~ct a'7ate charge" not to exoeed four cents (!c) for each one dollar (i1.00> oi each moathiy InsWlmeat paynsent reilufred on the notc and under tbls ffiortBa6e which Is more tban niteen (15) dayr fa an~eus. to caver the e~ctra apease Invotved in bandlln8 deUnquent pynaenta. - To pay. w1?er? Ps7able. all taxes and as~sments. Seneral or spedal, arater rea4 and S~ reats and all oRhrr char~ea wLstaorver lrvied upoa os asses~ed or Plioed ~St the PremLes. Provldon tor ~vhLch bas not beea maae here- inbefore. and will Pmmpt~y deliver the officW receipb therefor to tl~e Mortgsgee; W llkewlse py? all 4ze~ aa~a~b and otAer chaRes. levled upoa oar aasea~ed. Piaced os made a~ain~t tWs iadruMl~ea~.or tbe lndebtfdeeas or a~r interest oi - the Mort~a~ee in the premises or the obligatic~s secured nerebq. Pravided tAat the payment of any wch tax aases- ment or char~e b~? the Mortgagor 1s not oontrary to law or would not reault !n the psYment ot an unlawMl rate of fnLcr- est on the fadebtedaas hereby secured. In the event oi the paasege atter tt~e date a~ th4 inKruaneat a[ aqy Lw o! the State. or subdivlaloa thereo~ wherefn the premises are sttuated, creatlng or prm+fdtn~ for sny ta~c. a~nent or ch~rge ~vNch by tbe above praviso b not to be pald by the Mort~agor. the lndebtedness ~ecured lxr~by toget6er ~vlth lntered due j lherean, sha4 at the optlon oi t1~e Mortgagee. beoome immediste$+ due and p.yabie. and 1n t6e event p~yment thert- ~ ' a[ is not made forthwitb. tbe Mort~ee mai? talce a~ cause W be t~ic~ wch actlon ae prooeedin~ as may be tal[en here- I ynder 1n the ca~e c~t sny other deisult in tbe payment of the lndebtednes. ~ ! 3. To keep the bulldin~ snd addttions thento on or hereafter erected or placed upon tLe Lnd Insttred against loas ~ by ltre and such other heraids. casualties and contin8~ades. lncludtng war dan?s~es ii at aq~ tlme a state o~ w?ar e~dsts or ~ it appean to tbe holder oi the aote tLat war 1s immineat, and in wch aarounb and for auh pestod~, as ma~ be requlnd !mm tinae to time by the Mortga~ee. and to P!Y P~PVY when d~}e all premtums on such insurance. P~on for pay- ment oi wNch bas not been made berelnbefore. Tee ~d~s oc mwn~e .ban fia~ io:s ~~s aooep~we to . ux Morte~ ana sbw be aeuverea w.na nela by cbe xo~t~.s~e, or as ~t msy a~rect. unul cw ~cort~a~e b ut~ea. ~ R.entwal polldes ot inwraace, Premi~uns for which hRVe been fully paid, sre to be f~traisbed to the Mort~ee at le~st ~iteen dsys prbr Lo tbe acptt~tiou date of the lnsuranoe tirereb~ ne~ewed. T6e fasueftx~e st~~ll be writtea 1n ao~npanles •PProved by tLe MortgaQee: in no aveat ahall the l~ort~ee be 1~1d rppwidble • for tWnre to ps~r f~ aq~ fnauranoe ~ writt~ or for any loas or dama8e gro~wing out of a defect fn aqy pollcy or ~+awins out M aay failure ~ an,y inn~ranoe oompaqy to pqy for aay lms or dsmsge insured a~atnsL In the event o~ las the Mortgagor ea~~inwranoe company by mail to the Mortgsgee wbo m~y make prooi of laa it aot made PromPW~ by? the Mortgagor: ~ ooncerned b.hereby auttwri~ed and directed to make psyment for las directy? to tbe Morigagee lnstead o! to the Mort- ~a~or and the Mort~a~ee ~OfnUy: the ~inwrance P~. Wrt ~Y ~ aPP1hd bY t6e Mort~ee~ at fts 3 optlw?. to the expenses. it any. lncurnd b7 ft in the collection thereo~ to tbe rednctton M the indebtedneas Dereby ae- ~ cured. to the e~eawntton or repair ot the prope~y dama8id. or released to the Mortg~or without IlabSltqr upaa the Me~t- , gs~ce for such release All polida oi insuranoe~l~r~ hereby a~ned to the Mort~a~ee as idditlonal secutit~ !or tLe p~y_ ment M t6e aums and fntere~t secured berebY: fn the ev~t o[ foreclosure o! tN~ ldort~a~e o~ other tr~nfter d tlW to tLe premises tn actl~utshment o~ the indebtednea~. all rltht~ title and interest oi the ldori~a~or 1n aeW to a~? 1mnr~nee pdicks thm W foroe al~ari p~as to tLe purchuer or ~rantee. To oo~plete witbfn a re~soaable tlme aRy buiidin~ orbufldin~s aarv or at an~? tlme in t!?e pr~oas oi erectioa upan We land and to PrornPtly repair. restore or rebWld anp buildin~ or impravaneats now or bere~iter aa tbe Lad w~ auq b~oa~t d~m~~ad ae be deidi^o~ed, ~nd not ooma~it or permtt to b~ do~t or ezlst an oe ~bont tbe prani~ea anytbtn~ wba+e6~? Wt premises ~h~ll beoome 1as valuable: • to ca~nply wlth al1 Lws. r~1es. re~ulatioos. or or~tnanea ot anp? soaera- inental a~ency and not v[oLte or pernait tbe viWadoa ~ts to tbe premises a[ any bulldla~ ae u~e rat~ictlons: w~ cbe ~ Lad aad lmprovenneab tbercoa iree irom mecbaniNs a~ aute~y lfens asd wlil not suQer an~ llea wperbr to tbe lien created by tNs fnstruaoent to attuh to or be enforad ~aiast the premtsa. S: u aetaun be m.ae m tne p~ymenc a tuea, aa~amxncr,;' 14m, d~lm.. ~insuranee prantam. or aw otb~er cbarQe what~oaver. ae an1 W~rt thereoi. or fn tLe periormanoe ai aoy act. to be p~W o~ perlormcd b~r tbe ][ortp~or tuder tbe m a ~n~ anner ~~i aoa a~q~? otber~wmttna~ i~ne~oa~~ar~~to pr~ocee~c tl,. s~iauic~a o~e tbts lm~au- ment: the amonnb so with iaterest tLereoa !rom tbe date a[ auc~ p~nt at tLe aam~ rate a~ boene b~r tbep~r~ dpal in8ebtedner. be aa~e~ed as an addttlcaal lka a~ the premises and ah~ll be added to asd b~oom~ a part a~ tbe ladebtedaea~ secus+ed 6ereb~ aad De ima~edfatd~ dne aad pyable to tLe Merti+~'~- d4 D~t ~s:eb7 autborlsed to b~ m~de bp the ~io~rtsa~ ay1 he m~de accoNin6 to W bnl. ~tatemeat oc ada~ate l~rnitL~d at proeured tcom tbe appro- P~k PaWI~ aQlot ae tbs P~~'U~ ~t W7~t w[tLoat fnqttirp into tLe tacur~e7 a' ratWib tl~reo4 and tb~ rsoeipt at aeq Wb11c olaar or part,~? W tLe bands a[ the lda~t~se sDall be ooocludve a~lda~oe a t~ vallmd and amouat d it~ati ~o Pdd: tAe ~[oetsa~e~ sha11. at fts optloo. be snbro~stcd to an,~ mc~mbranoe. 1N4 eL1m ae demaW. aad to all td ri~hb ~ aod Ncurltles fae tb! pqa~mt tbts'~ DaW a' discbsr~'ed w~1tA the pdndpal sum Ncnred ~reb~? oe b~ t1r 1Laet~p~ Yad~t tTN pt+arWoos ~ aed ap wch wlbTOsatfoa t1p~b d1tU bs a8dltional a~d NranLtlw Ncutlb? to tbts 1Wet- i~ i ! ' ° R ~ P~.~ ~~J ~ aoox ~ $ ~ - _ _ - -