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Home My WebLink About1095 the deficiency. Such payunent shaU be m~de with~it thirt~ (30~ d~ys ~tter writteu notice Ic~om the Mortgsges ° statiag the smount oi the deficieacy, ~rhich notice mty be,~ven by mail. It at ~ay tims the Mortgag~or • sha~l tender to the Mortgsgee ia accordsnce ~vith the provis~ons oi the aote secured hereby, full pe~ymen~ of the entire indebtedueea repreeeated thereby, the Mortgagee as tcustee shaU, in oomputiag tha unount ot such itidebtedneea, credit to the sccou~t of Lhe Mortgagor any credit balsnce remaining uader the pmvisions of (s) of ssidparagreph 2. If there ahsll be s detault under sny ot the provisions ot Lhia mortgsge reeult~in8 ~ in s public sale oi the premises covered hereby, or if the Mortgagee acquirea the pmperty otherwise aiter default, the '.~iortgsgee as truatee ahall spply~ st the tima of the commencement of such proceediags or a~ the time the praperty ia otherwiae scquired, the ~ut?ount then remsining to credit of Mortgsgor uudec (a) oi paraps:aph 2 preceding sa s credit on the intereet eccured and unpsid and the balance to the priucipal thea remeunueg unpsid on seid note. • 4. Hs wlU p~y aD ta~e~, ~eee~en~a, wat~ee rats, and otbee~o v~eamental or muniaiP~1 ehas~a. Sne~ os imPoeittons. ior wbioL provteton Las no! been made 6ereiabeiors, and ia d~~?u1L thereof tbs D[ot'k~ ~Y p1Y ~ Nme; and Lh~?t hs will pe~omptbr deifsar tbs offieial i+eoeipts Lheretor to ths Morta~ea. a. He wjll peemit~ oommil, or s~Rec no w~?~ls, impairme~ ae det~erior~t~ion at aaid pcope~y a~r pae! tdereot ezoept reasonable wesr and tear• ~nd in tbs ev~eati of t~hs f~ure of tbe Mort~gor to keep t6e buildinas oa sai~ peemises aad those to bs erecte~ on ~id pe~emiees, or impe~ovemenb tbereon, ia ~ood repair the Mortga~ee m~r m~ke wch rep3ts a~ in its disoretioa it may deem aeoereary far t6s W'+oPer Preser?stia~ tbet~eo~, and the tull amoutit / of each and every woh pRyme~t ~baD bs dus and qysbis thicf~Y (SO) d~ys aftee demand, and sbaU bs ~ecured by !hs 1i~ ot L6is most~s. 6. He wiR p~y aU ~nd rnsuLr tbs oost~. and eo~pen~es. inotudina reasonabls l~wyor'~ fees. ~nd oab oE abstracts ct ~itk. inourred ae pdd at aqy time b~ort~ee beoauee of !6e failure oa the p~rt of tbe Mort~aos pe~ompt~y aad tully t,o p~torm tbe a~eeauQnb and ouvenanta of sdd pe~o~mies~ry note and this , aad siid eab, cbs:'~a. aad eocpe~ose~ a6all bs imm~edi~?teb due and p~ysbls and ~6a11 be seoured by tbe lieaa o~mortp~e. 7. Hs will ooatiauou~ maintsin Lwrd insunnos, oi wcb ~jps or t~pes and amounts as Mort6~g~es ma~1 lt+om time to time requ~e+e, on tha improvemenb aow ar hee+e~tte:~ on wid and eacapt when pymen0 tor all such premium~ Lv tLaretiofors in oo~n~~ ~her~eo~i ~s ~ Pw Promptly ~?Lea due aq~ premiums t6erefor. All panles apP b7 and ths po~ a c~es and reaewaL tLereoi ~all bs beld h~ Mortgagee sad ha~e att~?ched theretio loes p~yable uses ia ia~or ot aad ia form aoospt~bls to tbe M gages. Ia svent oi loe~ ha wiU give immediate notioe by mail ta Mortg~g~es, and M a~es may m~ke p~+oota~~i br ii noti mad~e promPW b7 Mortg~~orl and esch insunaos oompaq~ aoncerneda~ s Lereb authori~d and direated to m~ks pa,ynnent ior auch loes duecti,~ to Mortga$eeed b tead oi to Mortg~gor and ~ortgages joint~y~ and tLe ins~u~an~oe prooeeds. or aqY Part tLer~i m4y be sp,p7i y 111ort- ~ag~ee at its option eit~er to the reduction oi t~e iadebt~ed~ees hereby ~ecured or to t~e restorstwa or repsir o~ the propertj dama~ed. In even0 oi foncbsure o~ tbis mo~a~, or otbar ~er oi title to tbe mortgaged property in t oi tLe indebtednees ~ecnred Lereby; aIl righ~, tiUe, and iateres` oi ths Mortga~oe in and to atU insunaos poliaia~ then in foros ~Lall pw to tbs purcha~er or giantee. 8. He ~vill not ~ecute or file of reoord any instrument which imposes a restricWon upoa L4e ~ale or oocu- pancy oi t6e proper~y de~cribed herein on tLe b~w of s~oe, oulor, or creed. 9. If -the premises~ or sny part the~eof, be oondeanned under !he power oi eminent domsin, ~ soqnired for s public use, the damsges awarded, the pmceeds for t,he~~ of, ae the oonsiderstioa for snch soquisi- tion, to the eatent of the full smaunt of the remaining unpaid indebtednees secured by thia mortgage,~re hereby aeaigned to the Mortgagee, snd his heirs or ac.~'gna, snd ehall be paid forthwith to ~aid M- aesig or his ~ee to be applied on ac;count of the last~ maturing instaUmeats of auch indebtneee provided, ow- ever, the ortgagee or his aesignee, msy st hia diacretion psy direct to the Mortgagor, Lie ~eirs or aeaigns any part or all of auch award; prov~ded, thst if the loan is guaranteed or insured, the ooae~nt of tLe guarsn- tor or ipsurer ia obtained in advance of said yment. ~ - ~ 10. The Mortgagee may, st any time ~en '~ng a auit upon thie mo spply.to the court hsvin~[ juriaciic- en tion thereof for the appointment of a receiver, and auch oourt a6~11 fo vint~ s~pomt a receiver of the premises covered hereby all and singular~ includin~ all ~nd singular the income, profits~ ~sues, and ravenues fmm what- ; ever eow~oe denved, each and every of which itbe~ ezpressly understood. is Leceby mortgaged sa if specificaUy aet forth and deacr?bed in the granting anc~ habendum clsuees bereof. Such appointment ahall be made b,y such oourt as aa admitted ecluitY and a matter of sbeolute right Lo said Mortgagee~ and vrithout reference to a the adequscy or inadequscy of the value oi the pmperty mortgag~id or to the solvency or insol~ency of said Mortgagor or the defendants. Such rents, profita, income, ~ssuee, agnd revenuea shall be spplied by such receiver accord~ng to the Gen di tLis mortgsge and LLe practice oi such oonrt. In the event of any defsult on the part of the Mortgsgor hereunder~ the Mortgegor a~reea to pay t6 the Mortgsgee oa demand as a reaeonable montLlv rentsl for the prem~ees sa amount st leaat equtvelent to one-tWelfth (X:) of thes~r~a ts of the twelve monthly inatallments paysble in the thea current year plus the actw~l amounti oi the anaual tsxes, aseeesments, wster ratea,.and inswance premiums for such year not oovered by the ~foressid monthly paymenta. 11. In tLe event of any breach of this mortgege or defsult on the part of.the Mortgagor, or in the event tLut ~ay ot said sums of money herein refened to be not promptly sad fuily pud ~ocording to the tenor hereoi or in the event thst each and every the stip ulations, agreements oonditions, and oovenu?ts of said note -a t6is mortgage~ are not duly, promptiy, and fully pertormed or i~ the Mortgagor be adjudicsted bankru or made defendant in a bankruptcy or recaiverahip proc~eding~s~ thea in either or sny such event, the said aggre- gate sum mentioned in said aote tLenrema~nu~g unpaid, with interest sccrued to th~t time,_ aad all money secured hereby atull become due and psyable forthwith~ or thenufter, st tbe option of said I1iortgag~,~s fuUy and oompf etely as if all the said sums oi money ~vere originally atipalated. to be paid on euch day~ an,r- thing in asid note or m thia mort~age to tbe contrar~r notwithstanding; md thereupoa or ~here~fter, st the option oi aud 11ior~g~gee, without noUoe or demiand, swt st law or in equity, ms be prosecuted aa if all monevs a secured hereb~? hsd matured prior to its institution. TLe Mor~gag~ msy orecloee this mortgage~ as to tf~e amount so dz.:lared due aad payable, aad the ~aid pnmises ahall~e sold to satisty sad pay the sune togpther ~vith oosta ezpenses~ wd allowancee. In case of putial fore~losure of this mortgage, the mortguged pmmises ehaU be so~d subject to the oontinuing lien of this mortga~e for the smouat ot the debt not then due end unpsid. Ia such ca~e the provisions oi this paragraph msy sgrun be availed of thereafter irom time to time by t6e Mortgagee. 12. No ~n?iver oi any oovenant herein or oi t~e obligstion secured hereby shsll st any tune theresiter be ~lj held to be s w?aiver oi the terms hereoi or oi tba note eecured heraby. C~ ~ 13. The Uen of this instrument s6all remsia ia full force and effect during any postponement or extension O oi the time oi payment of t~e indebte,dneas or any part thereof secured hereby. 14. 1Lis mortgage is girea to eecure the purchase money~ or a part thereof, oi the lands herein described ~ md is ezecuted and delivered contemporaaeously with the deed therefor. ~ 15. If the Mortgsgor default in ~ny of the covenanta or agreements contained herein, or in said note. then ~ the Mortgs~ee msy.pertorm the same, and all eapenditurea ~mcludmg reasonsble sttomey's fees) made by the `Q Mortgagee m so dou~g shall draw? intetest ~t the rate provi ed for in the principel indebtedness~ uad shsll be ~ repa ys~b7e thirty (30) days aft~r demand, aad, together with interest aad cwata accrued t6ereon, ehall be secured by this mortgage. o,0 16. Upon the request of the Mortg~e t6e Martgagor shall euecute and deliver a supplemental note or notes ior the sum or suao~s advaaced by tfie Mortgag~ee tor the alteration. modernization. unpmvea?ent, main- teaanoe, or np~ir oi ~aid premises~ for ta?ses or ts against the same and for any other purpose aut~hor- ised henuader. Siud note or nota shaU be ~ec~u+e -hereby oa ~ parity rvith and aa fuUy as if the advance e~ideaoed tharsby wers iaduded in the note finL de~xibed abovs: Baid supplemental aote or notes shall bear ~ - - - - ~ -