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Home My WebLink About2311 i ~ ~ i Mortg~g~or shaUp~ to t.he Mortgages an~ ~ount aeebeear~ to maka up the de6cicnay. Such p~yment s6a11 ! be mi?de within thirt~ (30) dRya attet wri~t,ea notice im~il the Mortg~ee statiag t1~e amount of tl~e deficiency, : wluch Aotice m~y be ~iven by insil. It ~tany time tbe Mortgagor shull tender to the Mortgagee ia accord- aace wifh the_ pr~visaus oi the aote secured hereby~ fuU p~yment o[ the eatite indcbtedaess repe~csrnt~ thereby, t6e Mo~tgagee ahdi~ ia computing the un~uat ot such ~adebtedness. credit W ths acoount ot the Mort~~or any creli` balance remeiniag under tha provisions oi (a) oI said p ph Z. It there shell be • default under aay oi tLe ~rovisions oi Wis mortg~e resultiag iu ~ public sale ot e premises oovued hereby~ or ii Lhe Mortgagee ~cqwrea the properiy otherwiee atter def~?ult~ the Mortg~ee ahaU epply. at the time ot the commencemeat of such proceedirega or ati the time the property ia otherwiseacq uired. t6e amount then remaining Lo credit oi Mortgegor uader (a) of puagnp6 2 precedin~t as s credit on We interrst accrued snd unpaid aat~ the balance ~o t6e principal then remuning uupa~d un said note. 4. He will p~y e~D ta~es, aeeee~eata. watee rat~ee, and othes ~ov~erna~atal or municiPd charges„ fines. or ' impoaitsons. tor which provimon has aot been made Dereinbefore. and in defsult thereof the Mortg,~ee m+?Y F4Y ~ e~me; and Lhat bs wW promptbr deliver tbe o~cial reoeipts t6erefor to t,he Mort,g,egea. b~. He will permit, oommit, or a~8~ no waste, impsiraneal. or deterioratioa of eaid property oraqy p~rt tbereaf escept reasunsble wear and teas• and in We event of tbe isilure of LLe Mort~agor to keep the buildinds oa sni~ premises sod t6ose to be eree!~ on said premises, or improve~nents thereon, in ~ood repair~ the Mortgagee ma~? make wch repaire as in ite discretion it may deean neoeeeary for t6e P~P~' Preeervation thereof. and the tull amount ~ ot eaeD and every suoh p~yment aba11 bs due and p~ysbb thirty (30) days after drmand, and e6all be secured by the liea ot tbis mort6,sae. 6. He will pay sll ~nd e[n~ular t6e ooats, and e:penees„ includins reueonabk Lwyer's fees, and ooeta of sbetrscta of title, iaeun~ed or paid at any time b~ortgaaee becauee of the failure on the part of the Mort~gor p'omPdy and fuUy to perform the a~+ecmente and oovenanta of eaid promieeory note and thia mortgage~ and asid oosts. chargra, and ezpensee ehall be immediate~y dt~ and paysble and a6all be eecared by the lien of thia mortg~e. 7. Ha will oontinnous~ maintain 3asard i~ursaoe, oi such tiype or types and amounte as Mortgagee m~~ er from tima to tima require, on We improvements now or hereatf~er on eaid p and e.toept when psyanen0 tor all auch premiuma bae tLeretadore been mada under (s~ of paragra~h 2 h~e will pay pmmptly ~vhen due any premiuma therefor. All insunnee ahall be carried in oompames approve~ by 1liort$agee and the poli ciee and renewale thereoi shall be beld by Mortgsgee and Lave sttached thereto loas psyable crsusea in fsvor oi and in form a«:eptable to the Mo gagee. In event of loea he will give immediate notioe by mail to Mortgsgee, and Mortgagee msy make proof tof loeg if not made pmmptl~ by Mortgegor, and each insuranoe oompany ooncerned ia hereby~ suthorised snd directed to malce psyment for auc6loea directly to Mortgagee instead of to Mortgagor and Mortga~gee 'ointly , and the i~uranoe prooeeds, or an,y part thereof. may be applied by 111orw ~a~gee at ita option either to ~e reduction of the indebt~ednees hereby secured or to the reatoratwn or repair o~ the pmperty dama~ed. In event oi foreclosure of this mortgage or other trans,ter of title to the mortgaged property in estingu~shment oi the indebtednees eecured Lereby, a~l right, title, and intereat of the Mortgagor m and to any insurance policies t,hen ia force shall pass to the purchaser or grantee. 8. He v~ ill not eaecute or file of record any instrument w6ich imposes a restriction upon the sale or occu- pancy oi the property de~cribed herein on the bssis of race~ oolor, or creed. 9. If tt~e premises, or any part thereof, be condemned under the power of eminent domai4, or acquired for a piiblic use, the damages awarded, the proceeds for the taking of, or t.he consideration for such acquisi- tion, to tl~e extent of thc full a~n~unt of the remaining unpaid indebtedness secured by t6is mortgage, are hereb~- assigned to the ~+iortgagce, and his heirs or assi~ns, and shall be paid fort,hwith to said Mo -rtgegee or his assignce to be applied on account ot the last maturing installanents of such indebtnesa;provided, how- er, thc Aiortgegee or uis assignce, mn~ at his discretion pay direct to the Mortgagror; his heirs or sssigns ~ , anr part or all of such award; provided, that if the loan is guaranteed or insured t~e consent of the guaran- tor or insurer is obtained in advance of saidpa yment. 10. The 1liortgagee msy, at anv time ~endi~ng s suit upon this mortgage ~ apply to the oourt h~vinR jurisciic- tion thereof for the appointment o~ a receirer, and such oourt absll fortfiwith sppoint s c~eceiver of the premises oovered hernby all and singular, inclulin~ all and singular the income, profita, issues, and revenues trom ..hat- ever source denved : each and every of w hich it being eapressly understood, is hereby mortgaged as if specifically set forth and desenbed in the granting an~ habendum clauses bereof. Such sppointment ahall be made by as an sdmitted uit and s matter of abeolute ' t to said ~io , and without reference to such court eq y r?8h ~B~ the adequscy or inadequacy of the value of the property mortgeged or to the solvency or insol~ ency of said 111ortgagor or the defendants. Such rents~ profits, income, issues, aud revenues shaU be applied br such receiver according to the lien of this mortgage and the prachce of such court. In the event of any default on the part of the 1liortgagor hereunder~ the ~fortgagor agrees to psy to the `tort agee on demand as a reasonable monthlv rental for the premisea sn amount at least equi~ alent to one-tweltth of theaggregnte of the twelve monthl~ installments pa~ able in the then current year plus the actusl amount of the annual taxes, a,sseasments, water rates, and insurance premiums for such year not oovered by the sfotesaid monthly paymenta. 11. In the event of any breach of this mortgage or default on the part of t6e vfortgagor, or in the event tLat any of said sums of money herein referred to be not pmmpdy and fully paid accordirq to the tenor hereof, or in the e~ent that each and every the stipulations, agreementa, oonditiuns~ and covet nts of said note and this mortgage~ are not duly, promptly~ and fully performed or if the 111ortgsgor be sdjudicated bankrupt or made defendant in a bsnkruptcy or receiveiship proceedinga; then in either or any such event, the said aggre- gate sum mentioned in said note then remainu~g unpaid, with interest accrued to thst time, snd ell monev secured hereby, shall become due and payable forthvv~th, or thereafter~ st the option of said 111ortgegee~ as fullp and completely sa it ell the said sums of money ~were originslly s[ipulated to be paid on such ds~ , anr- thing in said note or ~n this mort~age to the contrary notvrithstanding; and thereupon or therestter, at the opt ion of said ~iortgagee, a~thout notiee or demand, suit at law or in equity~ mav be prosecuted as if all moners secured hernby hnd mstured prior to ita instituUon. - The Aiortgagee may foreclose this mortgxge, as to the amount so declsred due snd payable~ and the said premises ahall be sold to satisiv and psy the same to~ether with costs eYpenaes~ and sllowances. In case of partial foreclosure of this mortgage, the mortgeged prnm~ses shall be so~d subject to t6e continuing lien of this raortga~e for the smount of tt?e debt not then due end unpaid. In such case the pmvisions of this paragraph msy agaun be availed of thereafter trom time to time by the Mortgagee. 12. No wsiver of any covenant herein or of the obligation eecuced 1~ereby shall at any time themafter be '~d~ held to be a v~aiver of the terma hereof or of the note secured hereby. ~ 13. The lien oi this inatrument ahall remain in full force ~nd eHect during any postponement or e~tensioa ~ of the tune of payment of the indebtednees or any part thereoi secured hereby. ~ 14. This mortgage is given to secure the purchase money, or a psrt thereoi, of the lsnds herein described ~ and ia e.~ecuted and delivered contemporaneously with the deed therefor. 15. If -the ~iortgagor default in any of the corenants or sgreements contained hernin, or in said note, then ~ the Mortgs~ee msy perform the asme, and all eapenditurns ('including mt~onable attornev's feesj made by the GQ ~iortgagee m so doin ahall drsw interest at the rnte pro~-ided for in the arincipal indebtedness, and shsll be ~"1 repay~sble thirty (30) ~sys sfter demand, and~ together with interest and costs accrued thereon, shall be secured by this mortgag~~. c$ 16. Upon the request of tbe Aiortgagee the 1liortgag~or shall execute and deliver a supplemental note or notes for the sum or awns advanced bo t6e biortgagee tor the alterstion~ modemizstion, impmvement, main- t~.nance~ or repair oi said premiaes, for ~axes or aeeessrnents agi?inst tbe same and Eor any other pucpose author- ized hereunder. Seid note or notes shsll be secured hereby on s parity r~ith and ~s tully as it tl~e acl~ance evidenced thereby were included in the note 6r~st deecribed atwve. Ss:d supplemental not., or not~~ sl~all bear