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Home My WebLink About1922 ~ ~ . ~i~ • . _ f• . ~ , ~ -~'q'~., ,•t r Mort~~g~or_sb~il to the Mort~es~~t~qj~toouAt neoeMar~ ~o maice up 1,be deHciena~. S~~ohp~ mea~ ~hall be m~ds within t~j (30) d~ atter wruten notics trom the M~t~s~s ~tatin~ ~he amoun~ ot tlie de8c~~c~ao~r . wLio6 aotioe my bs ~ivea b~ mW. It a0aqy tiias tbe Mor~ga~r- s[~aU tieuder t,o the Mottg~gee u? a~ooord. anos witb fLs~pro~iACns oi ~he note ~ecue~ed beoreby. fuU p~yiuent of the eatire indebtedness rspre~enkd t~hersbj. the M ~~s ~Q, in oomputiog ~he amount ot suoh indebtedne~a. eredi~ tA t~he ~ooount ot the ortgagor ~ oredi~ b~laaca undee the p~+ovi~ions of (a) d s~id b 4. It t6ere ~hsll be • v det~ it under aq~ ot t6e ~ra~iaioas~~ a~ortg~e nwl iu ~ puWic ale oi e p~vmises oo~ered hereb~ oc it the Mortgagee ~cqwres tbe propertj ot6e:w~e at~ee d sul~, 6ha Mortgy~es ehall~ app ly~ a0 the Lime o~ the oommancement ot acL pe~oceedings or a~ t6e time t6e proper~y is otLerwueacquired. the amauni thera remsining to credit oi Mort~~or nnder ) Q~ P~'!6nPh Z Preoedic~ ss ~ crediL on We u?terest aoarued aad unp~id an~ the bal~oos t~o t,6s principat ~ remauuo~g nnpaid oa wd note. 4. Hs wtll pw aD t~?~~e~, are~me~. watiee ra~e~. and ot~e~o~e~ameu~al ae mim~oiP~1 eha*a~, ae imPait3o~. fa wbieh pe~ovbion ~ aot been msds Le~+einbeiors, and 1a detwlt tbereot tbs Moct~iee ay~ Pq? t~ s~ms; aad th~t Ls wvl p~+ompf~ deYne tLe o~aial reoeipts tberefor to ~he Moit~~ps. Hs wW pe~aodl, eoaomit, ae w~es n~ w~t~e, impatimea ae dete~loeation at ~aid pe~opesti oe thee~eat ~ snd tba~e~bs e~ea~ ~iaid pe~emi~e~, o~ i~mpe~ov~emea~t~s tLee+eo~n, ~n-~ood npair i6sb~ ~ my? ma~~woh ~~iss a~ in its di~io~ it m*y deem neoe~eary toc iLe_~e+opee presecvation t~l~eureo~ and tbe full amount of eaoh aad erer~ woh p~yment tbaD bs dus ~d P~3i~b~s t6ir~q (ev) dy?s ~ftec dea~and, an ~d ~baU bs ~eout~ed bpr ths }ias ot tbis moetp~e. a. He wID pq all aad ein~il~r t6s eo~h, and e~pease~ indndi~ rwoosbls Lwyae's fee~,, snd oo~s ot abdr~eh at tltie, in~ouried cr pdd st aq~ ~ps ~~at~es ~ea?u~e uf t~hs f~il~u~e ca the par0 at tbs M ~ cLar~ and aocpea~ie~ e~ll be inn ~ dns and p~,ysbZe and ah~all~eecored by the l~a of~mo~tg~e~ 7. Hs w~l o~tinnuus~ m~intaia Lasard inau+~nos. ot snch t,ps or~jpe~ ~nd amounta as Mortgagee m~ . ~rom time to tims rsq~+s, ~n tbs impro~~nts now or be~+e~ftee~ on sdd pr~m~ses~ and eaoept wLsn payment toe aII snch premium~ lw ~bse+sto~9~rs been made under oi par~gra~h Z Lereof ~e will py p:+ompt~y aLsn da~s anJ pz+emmms the~+efor. All insuna~es ahall be ~nied in compamea appro~ b~ M ~qy~ and t~e po aies and rea~wals thereoi shsII be Ldd b~ Mortga~es and ha~e att~cLed thetbto loas p~ysbp le cTauses in fa~or ~ and in form sooeptabls to ths M In s~ent oi bas he will gi~e immedi~te notaoe by mail to Mortg~g~e~ oe aad Mo~~~a~es. _my maks ps+oot it noti m~Es peempt~j b~ Mortgagar,, aad each i~unaos compan~ ooaos:ael ia Let+eb audwrised and dirsated to mak~s pwmen~ for auch bes du+ec. to M mstead ot ~ to Martg~gor and ~ortg~~otzt~, and ths imwraaoe prooeedR, or uU part tbei+e~~my M~.by 1liortr ~ag~es at its opts~n either to t~s rednction oi tbs iadebtedneas L~ee+eb~ seaured or to t~s rnto~rahon or rspair ot tbs p~opeet~~ damag~ed. In event of foreclosnre oi this mo~or other traaefer oi title to tbe mort~sged pe~opert~ in t oi the indebtednees eeau+ed hereby, right~ title, and intenst of tLe Mar~ea~gor ia and to a~ insur.acs po~ies tben ia foros sb.11 pas. to tbe purcbaser o~ grantes. • 8. He ~vill not ezecute or file oi reoord ~ny inetrumant which imposes s r+estriction upon t6e sale or oocu- pancy of the property deecribed hereia oa the basis of race. oolor~ or cree~i. • - 9. If the premises, or any part the~of, be condemned under the power of eminent domain, or acquired for a public use, the d es awerded, the proceeds for t,het~nn~ of, ar the oonsiden?tion for such aoquisi- tion to the esfsnt of th~ull smount of the remaining unpai"d indebtednees secured by thia mortgage sre hereby aeaigned to the ~biortgagee, and his heua or sesigns~ and ehall be paid forthwith to asid Mo -rt~egee or his ee to be applied on account of the last matnring installmeata of such indebtnees• provided, bo~v- ever, tL~ortgagee or his ~ignee, map at his diacretion pay direct to'tLe Mdrt~agor, his ~eirs or aesi~gns ; eny part or sll ot snch awsrd; provided, that if the la?n is gusranteed or insured, the oonsent of-tLe guaran- tor or inauc+e~r ie obt~ined in ad~wnce of saidps ymeat. . 10. The Mortgagee may, st any time ~en 'drn -g a suit upon this mo apply.to the oourt hsvinR juriadic- tion thereoi for the appointment oi a reoeiver~ and such oourt sball io~t~ ~pomt a reoeiver ot the preni~sea oovered hereby all and singular. includin~ aU and singular tLe income, profite, ~sues, aad reven~es from whst- ever eow~ce denved, each and every of wluch it being ezpresety understood, is hereby mortgaged aa if apecificallv aet fortL and deaixibed in the grsnting an~ h~bei?dum dauaes bereof. Such appointment ahall be made by such oourt as ~n admitted equity and a raatt~ of abeolute rig~t to said Mortgsg~ee, md ~vit6out reference to Qp ~ the a~dequacy or ini?dequacy of the value of t6e pmperty mortgag~ed or to tLe solvenay or insol~ency of said .r•~ ' Mo tgagor or the defendants. Such renta, pmfits, income. issuea, sud revenues shall be spplied by auch receiver Q~ ~ aooo~ 'rdu~g to the lien of tLis mortgag~e and t6e pncticx oi such oourt. In the event of any deisult on the part ~ j of the Mortga~or hereuader~ tbe Mortgagor ag~reea to pay to the 410 oa demaad i?s a reasonable mouthlv ~ rental for tLe premieee aa unonnt at least equivalent to one-twelith of tbea~r~s te of the tvrelve montblv ~ ~ installmeats payable in the then current year plus the actwil amoun~ of tLe aaaual t,auea, seeeesmenta, water ~ ntes, aad insuraaoe premiums for such year noL oovered by the doreeaid montLly p~ymenb. ~ I1. In tha event of any breach of this mortgag~e or defsult on tlee par6 of t~e Mortgagor, or in the even6 ~ tL~t aay oi said suma of money herein reten+ed to be noL promptly and i~illy paid aocording to tbe tenor hereof r or in tbe event that each aad every tbe sti uLtions, ~greemeata oonditiona, und ooven~nts of said note m~ thia mortqage, are not duly, prompdy, aa fully pettormed or i~ the Mortgagc?r be adjudicated banlrupt or ~m made defendant in a bankruptcy or receiverahi~ prooeedin~; then ia either or any such event, the said aggre- g~te anm meationed in said note then rem unpaid, with interest a~ocrued to that time, and all money ~ secured hereby ehsll become due and psyab~ort6witL, ar t~erea~ter, at the cgtiaa•of ssid Mort$sgee~ aa fully aad oomp~etely as if sU the aaid sunns of money vrere originsUy atipulated to be paid on such d~y, an~- tbing in said note or m tbis mort~age to tbe Qontrar~? not~vitbstanding; and t6enupon or thereafter, st the option oi aaid Mo ~y~ee, rvithout notice or deuuEad, swt at law. or in equity~ ipsy be praeecuted as if all monevs e~ecured hereb~ y~?d matured prior to its inst5tution. The Mo may forecloas this mortgage, aa to tf~e ~ amount so declared due and payable, and the said premises shall~ld to eatidy aad psy the same tog~ether r with coste espensea, and allowancea. In caee oi partid forecloeure ot this mortgage, the mortgaged premises ~ shall be eof d eubject to the oontinuing liea of thia mortga~e for the smount of the debt not then due und unpaid. ~ ~ In sncL case tbe p~rovisions of this paragraph may ~gam be sviuled ot tLereatter from time to time by the ~ l~r 2 No ~raiver of any cwveaant herein or oi tbe obligation secured hereby ahsll st any time theresfter be Q$ held to be a wuver of the terms Lereoi or oi tbe note secured hereby. ~ 13. TLe lien of this inatrument shall remain in full force and eHect during ~ny postponement or extension • ot tLe time of psyment of the indebtednees or aay pert thereof secured hereby. 14. 1'his mortgage is given to secun the purchase money, or s psrt tLereof, oi the lands herein described : and is esecuted md delivered oontemporaueously with the deed therefor. . 15. If the Mortgagor default in aay of the ooveaants or sgi~eementa oontained herein, or in ssid note, then tLe Mortgagee may,perform tbe same, and all ezpeaditurea ~includi.ng r~aeonsble attorney'a fees) made by the M~ in eo domg sLall drswr iatenst at the rate provi ed for in the principal indebtedness~ and ahall be repsya~b e tbirty (30) days att~er demand, aad, tog~ether with interest aad oosta accrued thereon, aLall be secured by t~Lis mortgage. . 16. IIpon the recluest of tLe Mo~~~g~e tbe Mortgag~ur a6all euecute and deliver a supplemental note or ; notes for tbe sum or sums advaaced by tfie Mortgagee tor tLe slteration, moderniution, unprovement, ~nain- ~ ~ tanaaoe, or npair of said premisee, for ta:es or aeseasmenta ageinst the same and for any otber purpoee sutLor- iud htreunder: 3aid note ar notes shall be eecured henby on a parity rvith snd as fully as ~f the sdvance ~ evide~oed tLereby ~vere included ia the note Srst described abova. Said aupplemental note or nocea ahall bear , _z Y _ _ _