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Home My WebLink About1875 • ~ - ~ I ( oi the Mort~qa~N b~coaae immediata~j? due aadp~yab~N. wlthout ttotiCe. aad Prooecdin~s maY M faditiitad b~ t1N aiOtt- ~ee for the raoovery tMreot by iorecioau~e ot th4 Mort~ge. or in aa~r otA~r maaner pernaitted bp law as t!w Mort- s~etm~e1~ Wth?ns !s the note or in W1t Mort~a~ oontatn~d to We ooaitraqr tMr~to notwllhstaadtnt. Upon lore- closure at thts ~[orttase. tl~ ltcrts~ sUW be allawed a a part ot tbe ~ebtedneo securad l~er~b7. aud tt~ ~ort- s~s~ a~ree~ to W. all casv and expens~s Wcurred ln oonnecdoa th~rewlt4 Indndins re~soeuDl~ attorne7's t~a. cat of tltle and tax aeanh aad the exteado~n to dute ot w abdr~ct oi tiW or UUe PaL4: ~ in as~ s+ach for~dowre proosed- in~s ere iett~ beiore We coowaun~aoa tbereo! o: tM entiT of ~udgoknt~ w such oosh and ~penNS a~ other char~es so lncurnd. lacludfat a r~euoaabie attoe~ney's te~. ~hatl navertReler be paW. 1'he l[crt,~+~ee or aw? Paet~? !n i~?- terest. beln~ the highed b~i8der. mqr be a p~urcAasee at an~ ioreelaur~ sal~. Aeq? ek~ction by tl~t D[ortp~ei as De~+eln pro- vlded ior auV b~ exex~sd ima~dtateb u~ywa dehnlt~ o~ at an,~? tlnk tl~ere~ttsr. and notN~ ahW bf c~wd to be a watver of iucA rl~ht nNe~s e~vWenoed D7? aa lnstrumeat in wrlNa~ to ttu~t eQact du~jr exeeuted b~? tbe ltorts~ee. Tl~e Morts~or watws all ritQt ot Lo~nASte~d and e~oemptlon Raated by tlie C~oostitution and Lv~s ot l7oe/da. AND THE MOAI~GA(1~OIt FIJATHTsR CONVSNAN'I8 AND AGRTsE4: 1. To pay tue Prindpal indebtednas wit1~ intecest as in the note provWed. To py? aanWy, unto the ldcrt~a~cs. ta eddiUoa to and at the Nme and place !or eaeh payment ot pdndpal and lnterat~ an installment at eacII a! tbe follo~v- ~ . (v 11~ces and as~eamentR ~esal or special. and aII othes cbar~as lwled or to be lrvled a~inst tbt preml~. (b) Premiwnas to becoone due and payable for. and to renew. the fnsurance on the premba a~ainst loss ~ nre aad ateh other l~mrbs. c~nulti~s_and oonUn~des as AerMn pro~vlded for or rp~lred tro~m titne to ttnne. Tt?e amount ad t6e reapect[ve awaih~j? inaallmenb aball be eqwl to the amo~wt oi tbe ~naual re~pective ch~rge next due (as atia?ated b~ the Mort~~ee). lar W i~aeuL a1e+~? Daid therefo~'. dlvfded bpr tM Aumber at rnonWp 1n- ~b tbere~ar beootninR dne aot I~ter ttiaa a~t manth prbr to tAe dw dat~e a~ W swh +~aRs and_~AW be ~o- iect to lncrea~e oe dec~se to the eztent reitulred to era~te as o! a monthbr p~ymeat date an tl~ nots iwt les~ tlun one moaW prior to the due date oi aa~? N~c4.cf~e. ~amo~at.~uf[idwt for ~Le p~ment tbet+eot whea due a~d payable. Ia ao evei?t shall tLe MOrt~a~ee reoeivlnQ s~ch p~yme~L be liable for aty? interest an atp? amounL paid to it Y herNn re9utred. and tt~e money ~o rscelved aW? be beM wlth !b o~n funds P~~B P~Y~t os applMation thereot as lkrefn provided. Tbe Mort~ajor shail furNsh unto the Mort~a~ee at le~st Sitcen days before the due date aa o~cLl datement of the amouat a~ W tazes o: at~rnents next au0. and sacb Mo:tp~ee shW pq the abaw charees to the annonnt ot the tnea untued eredtt theretor ~s aM whea tbey beoome srv~aii;i due aad pyrabk. The ldortga~ee maY. at !ts optton. P~Y ~Y oi such ~ss w2~ p~aWe. dtLer baiore oe atter tbeY are delinquenk wftbout notloe. or make advances theretor ia ezoer oi tbe t1r~ amount o~ credlt for nid ha~, The e~ooe~s amount ~anoed shall be ima~edlate~y due and pa~yable to the Mort~~ee aad sball be ~ecured as aa a~iWltioMl pstndpal wm w~der tWs lnshvnae~t a~ bear the same rate of fnterest imra date ot advanoement as the prindq~l indebtednes~. An o~fdal reoelpt lDerefor sball be ooncludte e~denoe o~t wch w~nent .na ot cLe vauma o~ sum cb.r~e.. z'he ~aortw~ee uw? .rpa «+edtss new b, ~t :ar tn. aDc~~e charQes, or any psrt tliereof. on aocount oi W 3elinqnmt lndallment~ oi prtndpal or fnterest or aAy other p~,ymenis maturin~ or due uader tL1s instsument aad tl~e amount oi credit exfating at ani? tlrae shall be reduced by the aanouat therea[ Paid or app~ied as herdn provlded. The amo~nt oi tbe extst~nS credit nereunder at tbe tfine a[ any ttander o[ tt?e D~~Y ~1 without ae~ment thereot innns to the bene8t oi tLe suooeswr awner o! tAt proper4 and shall be spplled under and subfect to all oi the provldoas hereot. Upou tLe pgyment in full oi the indebtednps. the amount ot any unused credit thall be apP14d to the paya~nt thereoL The Mortgagee msy oollect a'7ate etiarge" not to dcoeed Lour cea4 t4c1 fo! each one dollar (i1.00) ~ each monthly lnstallnaent payment requlred oa the note and undet thts Mortgsge whlch !s more thsn lffteeit (IS) dsys in arnus, to caver the extra acpense involved In handling delinquent p~yments. 2 To ~vhen p~yaWe. all taxes and es~menb, Qeneral or special. wster rents and around rents and W other charges wLa~tsoever levied upoa or aaseseed ar plaoed a~ainst the premises, provtdon for whk:h bas noE bem made bar- inbetore. and vvlll promptly deltver t6e o~iclal nbelpts therefor to tt~e Mortgagee; to llkewite pay W tazei. aoeameab and other chat~e~. lev4d upon or assea~ed. Placed or made against thts inrtivment, or the indeDtednw or atq lnterest oi a ths Mort~a~ee 1n tLe premises or the obli~stlwis secured h~rebY. Provlded that the paymeat ad a~1y sum tau aseeaa ment or char~e by the Mortgagor b not oontrary to Lw or would not re~wit In the psymeut oi an unlawtW rate oi lnter- ' est on tLe indebtednas hereby secured. In the eveat ot ttre pa~sage aiter the date oi tbls ~Stsument o[ any Lw oi the , State. or sub~vWoa Uureof. wherein the premises are dtuated. creatin~ or provldin~ for an,Y tau. a~at or charge which by the abo~ve proviso is not to be paid by the Mortgagor. the fndebtednas secured htreby together wrlth intet+est due i thereon. shall. at the opUon M the Mortgagee. become immedtately due and payaWe, and in the rveat p~yment there- at b not ma~de forthwitb, tbe Mortgagee maY take or cause to be tslcen sucb action or ProoeedlnY as maY be taken ~re- i twder ln the c~e o~ aay other detault in the paymeat oi the indeDtedness. ~ 3. To keep the buildings and additions thento on or hereaiter erected or laced u P Pon the Lnd ~d againstlaas by Ere wd sucA other 6a:ards. caaualdes and contlngeQdes. iacluding war damages !t et aqy tlme a date oi wu exists or it appears to the holder oi the note that war is immin~t~ and in such amounts and for wch pesfods, as may be required imm time to time by the Mort~ee. and to p~y prompUy when due all premtums ~ suclr insurance. providon for pay- ment o! aWch has Aot been made hereinbefore. ~ polides oi lnsurance shall have los~ p~yable provl~ions aooeptable to tlk Mortgagee ana sLall be del[vered to and held b~r the Mort~agee, or as !t m~y ilirect~ until thls Mort~a~e b~aU~. Renewal Polides oi inwraac~. Premiums for whlch have ~een fully paid, are to be riuntshed to the Mort~asee at leasi Stteea dsys Psior bo tbe exptratton date of the i~auranoe thereby res~e~red. T6e inwu~aoe s1~11 be wrlttm in oompanks apPmved by ihe Mort~agee: In •no event shall the Mort~agee be DeW rapondWe for faflnre to p~y for a~ lnwranoe wrltten or ior any loss or daa~age grawfng out oi a defect in aqy poltc: or growina out ot any hihu+e oi any in~raace company ta p4y for any loss or damage insured a~ainst. In the event M lor the Mortgagor shall ~Ive lmmediate noti,~e by mW to the Moctgagee who m4y make proof of loss if not msde promptly by tl~e Mort~agor: eacL lnsnnnoe compan~ i ooncerned b.hereby authorf~ed and directed to make payment for loss d[reMly to tbe Mortgagee instead oi to tLe Mort- ~ ~or and the Mortgagee ~o1nt1Y: 4he insuranoe Pl'~. Or aqy Wrt thereot. may be'aPPlied bY thE Mort~agee. at its optlon. to the expenses, if any. incurred by 1t in t6e colleMton thereof. to tbe reductloa M the indebtednea~ hereby ae- ! cured. to tLe nstoraUon or repair oi Ne Pmperty damaged, or released to the Mortga~or ~viWout lfabWt,~ upon the Mort- gagee ior such rekase. All polides ot fnwrance are hereby aset~ed to tt~e Mortga~ee as additlonal smcurlty for the p~y- ment M the sums and intereat ~ecured herebY: in the event ot foreclosure of th4 MortgaQe or otl~er trander d tlW to tbe prsmises in act~uiahmeat oi the lndebtedness. all rl~ht, title and interest oL tLe Mort~ag~or ia and W eq~ 1~uranoe poiides tben U? force shall pes M tbe pctrchaser or grantee. s. To oo~piete witWn a reason~ble time aqy butlding orbultdtn~s now or st any Wne ia tbe prooes of erectloa upon tbe Lnd and to P~PVY restoe+e or reMiild anY building or improvanenb aow or beredter an tbe land whicb mpr beoome d~m~~eA ae be destroy~ed, and aot oosnmft or permft to be doae or dd an a~ aboat tbe prembes enythtn~ wbereby tbe pcanis~s ahaII bcoo~e ka valuable~~ to oos~iNr with all Lwar rules, reguLtioas. or on~lnanoa a uq? 6overin- mental a~en~9 and not vtolate or permlt t6e vidatton as to the premt~es o[ any bulldlog or use restrictlom; W keep tbe E ~ land and improvementi thereon iree irom mechantc's and mate~'s li~s aod w1ri not sufler atp Hea superbr to the { lkn created by this festrument to attach to or be entoroed agafnst tt~e premisa, s ~ 5. It detault be'n~de W the paytner?t of tut~. as~nent~. Hen*. cWms. lnsurance p:+rmiums or any ot6er char$e ~ ~vhatwsver. ae aip part the~+eo~ or ia the perlormaaoe ot aay act„ to be paid or pedornKd b7 tbe Ya~rtsa~or under tAe ~ ~os~or manner d~ ez~pe~dimt and pa~,y a~ ot~smm~ttlu~ t Y~~ w pr~otec~t tbe saurl~j? o[ thls 1~ namt; the amounb ao paid. with fntera~t tbercon d+om tlie date ot acb p~ynnent at tLe wne rate as bocne~ bp tl~e prln- dPal fadebtedaer? shW be areared as ~n additlon~i lka on the premba and aluli be ~dded to and bsoome a part a[ t~e ludeattdner secuned bereby and be tmmediate~ due aad puyable W tLe Mort~agee. ~1nr pqrmeat Mteb~? antl~orlaed to be ~ mde b~r tbe ~[actp~ee my be m~de aooord[n~ to W bi11. state~nent or eatlmate t~rnVhed ~ proc~u~ed lrom tbs appro- V~k PubUc o~fae at tbe P~rb ~i W7~t witbont ioquiry lnto tLe aocurai.7 or rdidlt7 tbestio~ sod the rsoeipt a[ ; wpa ~~tdtbe~ l[atinsee s6~i1. at fts oPRlon. be mDropt~d to W eacumbraacs, Ikq cLtm ae 8emanbd. ~d ~t1r ri~ts ~ and ~eeatltle~ foe t1N p~rneat tbereo~ WW oe ~~rith tbe prlndyal sum ~ecured h~reb~r ae b~ tM 1[oetsas~e j ns8~t t11t pi+arYloos L~no~ and aq~ wm w~bruptfoo ri~Lt~ diall be additloo~l ~nd dtasulati~re Mauit~ to t~s D[oet t~ ~ OR » ~ a~K~68 ~~~1810 ~ - _ ~ , - -