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Home My WebLink About1849 . ~ ~ tl~e ile~iciency. Such pay~aent sheU be niada within thirty (30) daya after vvrit4w? notice lt+~m tLa Mortgagee ~ etating the smount oi tha deficiency, which notice ~nsy be qiv9a b mi?il. It at sny time the Mortg~gur u sha~l tender to the ~iort~gee in sccordanoe with Lhe provisioas o the no~e secured hereby, tull p~ycnent of the entire indebtednees represented thc~eby, the •Mo~tgsgee ss truetee ehall, in oomputing the ~moua~ ot such indebtedneas. rredit to the account of tha VlortgeRor eny credi6 bslunce remaining under the pmvisiona ot ~a) oi said~~p~r~n?ph 2. I! ~here ahuU be a default under sny oi the provisiona ot this mortgage result~ng in a public le oE the preniises co~•ered hereby. or it the ~iortge?gee scquirea the property otherwise atter d~iault~ the Mortgagee ae truatee nhsll apply~ at the Lime oi tha eo~:imencenient of such proceedingr~ or ~t the time the propcrty is otherwise acquired, ths amount then remaining W credit ot \iortgagor under (a) of pe~re~rsph 2 preceding as s credit oA Lba iaterest accured end uapaid snd the bel~nce to the principsl thea remiuning unpaid on said note. 4. He wtU pq? ag tuioes, ~e~nen~. wotee t+~tb. and olLer~overnmeatal oc munlelp~l o~ar~e~, Sne~. os impoaitions. Ior which proviatoa ba~ not bem mads be~ainbeiors, aad in delwlt t6ereot tbs Mort~gee my? Pq? t~Ls rme; and tb~ bs will p~rompt~jr aeH~ar t6s o~l reoc~pts tbereior i•~ tLs Mortg;~gea. ~ ~ b~. Hs wlp pe~rnmiR oammit, or ~u![er no warf~s, impai~meal. or dst~srioratioa ot said propett~y oe thereot ~ ea~oept t~e~sonaWs wear and tear• aad ia ths event ot ths failure ot tbs Mor~~ to Ic~eep tbs b' on al~ 1 peeeniser aad tha~s to bs ee~e~tec{ o~ ~aid peaaai~es~ ae lenprovement~ t~ereora, ~a-~ood repair We Mo~rtasges myr = msk~e weh repain a~ ia its di~o~etia~ it may deem asoe~e~ry for thsp~opet presacvatioa thaeno~ and ths tull vaount of aoh aad ever~r woh pqrment ~6~i1 b~ dus and p~yal~is thi~Y (30) d~y~ sfte~ deoaand, ~~tl bs ~eaured b~r t6s tkn ot t6i~ moitpp. - . 4. He wlll p~,y all and dn~ular tl~s oo~t~, and e~pa~ inotudina reaonabls Lwyee'~ fee~ a~ad ooda oi abst~xats ot titie~ tdoure+ed or p~~d a! aqr tims by ortprss bea?u~s oi !he failurs on t6e p~r~ ot the Mort~a~oe pe+ompt~y ~ndt~b to pe~toem tbs ~~ee~ent~ and ooveoants ot Mid pro~nieeury aote and thi~ mor~aa ~ad aid oah, ohats'e~. and eo~pm.es ~b~11 bs immedi.te~jr dus and p.ysb{~e and .hall bs ~ecured by the li~a oi cbis mortp~e~ 7. He w~l ooatinuoua~ maint~n hasard insunnos, ot nich ~ps or t~pes ~nd amounts as Mortgag~es nW trom tims t~o tims reqnirs, on t~s impro~ement~ now or hsreaftear on said p»mi~s aad exoepti whm pymenL tor all ~uch pi;emiwas bas tberetAta+s beea mads nnder (a oi pangerFh Z Lereof ~e will py promp~y when dus aa~? premi~ t6eretor. All inau~aaoe ~Lall bs ~ ia oomPanties ~PProve~ b~ Ma~ aad tfie pol~ cie~ aad renewab thereoi shaD be Leld b~ Mortg~ges and hars attached Lhereto toes payable usas in ia~or oi aad ia form aooe~ptoblr~ to tLe M In eveaz d lws hs will give immediats notiue by,mail to Mortgages, •nd Marl~m,y maice proota~~ ii not made promptly b~ Mortgagor, aad each ~nsuraaos oompaq~ oonosrned ns aut~rised and direated to malcs p~menL for such loas directly to Mortgagee instead oi to Mortg~gor and ~ortgage~ jointl~, and tLe in~uranoe prooeeds, or aqy part there~i may be applied by I11ort~ g~ges a6 ite optioa either to tha reduction ai the indebtednees hereby eecue+ed or to t~e nstontion or repair oi the pmpert~ dams~ed. In evenL of forec~ure oi this mo~or other transter oi title to the mortgaged pmpe~rt,y in estiagwshment oi the indebtednees secured hereby, right, title, and intereBL of the Mortgsg~ ia and to ~ insur~nce policies then ia forc~s eh~U pass to tbe purcLaeer or g~aatee. 8. He wili not ezecute or file of n~oord any instr~ment which imposes s restriction upon tlie sale or occu- psncy of t6e property desGribed herein on the baeis of race. oolor, or creed. 9. If the premis~, or any part thereof, be condemned under the power of eminent domain, or acquired tor a public use, the damages awarded,.the proceeds for the tsking of, or the consideretion for such scquiai- tion, to the extent of the full amount oi the remaining unpaid iudebtedness secured by this mortgage, sre hereb~• assigued to the Mortgagee~ and his heirs or assigna, and shall be paid forthwith to said Mortgagce or his assignee to be applied on accoun6 of the last matuting inatallments of suc4 indebtnesa; provided,-how- e~er, the l~iortgagee or his assigaee. msy at hia discretion pay direct to the Mortgagor, his heins or assigns any part or all of auch award; provided~ that if the loan ie gusranteed or insured, the oonsent of the guaran- ~ Lor or insurer ie obtained in ac'lvance of saidpa yment. 10. The Mortgagee msy, st anp time pen 'dwg s suit upon t6is mortqaqe~spply.t,o the caurt havin~ jurisciic- tion thereof for the appointment of s receiver, and such oourt shall fort5vin s~point s receiver of the premises oovered Lereby all r?nd aingulat, includ~ag all and aingular t6e inoome. profite, issue~, and revenues from ~chat- ever eourae denved, each and every of whlcL it being ezpreasly understood. ia hereby mortgaged as if apecifically set forth and described in the granting an~ habendum cl~u,ees bereof. Such appointment ahall be made by auch court as an admitted eqmty and a matter of sbsolute right t~o said 1liortgagee, and without reference to the adequscy or insdequacy of the value oi tLe pmperty mortgsged or to the solvency or insol~ency of said Mortga r or the defendants. ' Such renta, profiia, mcome, ~eeues, and revenues ahall be applied by such receiver accordi g to the lien of this mortgage aad t6e practice of euch oourt. In the event ot any default on the part of the Mortgagor hereunder, the 3~iortgsgor a$reee to pay to the Mo agee on damand as a reasonable monthlv rental for the premi~s au amount at leaat eqwvalent to one-twelf th of the aggregate of the twelve montLlv installments psysble in the then current year plus the actual amount of the annuat taxes. assessments, water ntes, and inauranoe premiuma for auch year not oo~ered by the doresaid montWy psymenta. 11. In the event of say breach of this mortgag+e or defsult on t6e part of the :1~Iortgagor, or in tLs eveat that any of eaid sums of money herein referred to be not prompdy snd fully paid sccording to the tenor Lereof, or in the event thst each snd every the sta'pul~tions~ agreements, conditions. and covenanta of said note snd thia mortgage~ are not duly~ prompdy; and fully performed or if the Mortgagor be sdjudicated bsal;rupt or made defendaut in a bankruptcy or re~eivership procee~i?ng~s; thea ia either or any such event, t6e said aggre- gate sum mentioned in s~id note then rem unpud, with intereat accrued to thst timme~ and alI money aecured hereby ahall become due and paysb~orthwith, or thereafFer~ st the option of said 11iortgsqee~ aa fully and comp~etely as it all the said auans of money wer+e originally atipulated to be psid on euch day, an~- thing in said note or m this mor~sge to the contra~? notwithstanding; and thereupon or thereaiter~ Rt che option of sa~d ;~iortgagee, without notice or demsnd, swt at law or in eqwty, mav be proaecuted sa if atl mone~*a eecured hereby hi?d mstured prior to ib institution. The Mor may foreclose this mortgage, as to t~e amount so dectared due and payable, aad the aaid premisea sha~U~Id to s~tiefy and pay the ssme toget6er with costa expenses, and sllowances. In caee of psrtial foreclosure of this mortgagc ~ the mortgaged prem~ses ahall be eo~d subject to the contanuing lien of this mortga~e for the smount of Lhe debt not then due and i~npRid. In such case the provi~ons of this paragraph may igaia be svsiled of thereaiter fmm time to time by the Mortgagee. 12. No waiver of any oovenant herein or of the obligstion eecured hereby ahwll st any time theresfter be held to be a waiver of the terma hereof or of the note eecured hereby. 13. The lien of thia instrument ahail remsia in fult force and e![ect during any postponement or rxtension ~1 fhe time of payment of the indebtednees or aay parL ihereof eecured hereby. ~ 14. This mort~a~e is given to eecurE the purchaee money, or a part thereof, of the lande herein described QO and is esecuted and delivered conteanporan~ously with the deed therefor. e-1 15. If the Mortgagor defsult in any of the covenants or agreements oontainPd herein, or in said note~ thea ~ the Mortgagee may.perform the ssme~ and all expenditurea ~mcluding naeonable attorney's fees) msde by the 4 Mortgagee m ao dou?g ahall draw intereat at the rste provi ed for in the principal indebtedness, snd shall be ~ repaya~ble thirty (30) days sfter demaad~ and, together with interest and oosta accrued thereon~ ahall be secured ~ by this mortgage. l6. Upon tLe request of the Mortgagee the Mortgagu?r shall execute end deliver s supplemental note or notes for the sum or sums advaaced by the Mortgagee for the alteration, modernizstion, improvement, msin- ~ teuaaoe, or repair of said premisee, for taxes or aeee~esments against the asme aad for any other purpose author- ised hereunder. Said note or notea sball be secured hereby on a parity ~rith and ae fully as tf the advance eoide~cad tLenby were inciuded ia the note 6nt described above. 8aid supplemental nots or notes ahall bear