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Home My WebLink About0519 the de&ciency. Such psyment shali be made vrithia thirty (80) days sfter written notice from tha Mortgagee atating the smount oi the de8ciency~ which notice m~y be $iven by msil. Ii st any time the Mortg~g~or ahs11 tender to the Mortgsgee in sooordance ~vith the pmviatoas oi the note secured hereby~ full p~yment oi the entire indebtednees represented thereby~ the Mortgagee as trustee ahaU, in oomputiag tha aanount of auch indebtednees, credit to the sccount of the Mor~~o r any credit balance remsining under the pmvidons of (s) oi ee~id ph 2. If there ahsll be ~ deiauIt under any of the pmvisioas of thia mortg~ resultiag in ~ ublic e o the premiaes cavered hereby, or ii tbe Mortgag~e acqwres the prope~ty oth-invise sttec deis~t, the Mortgagee ss tn~atee a6all apply~ at the time ot ttie cOmmencement of such proceedings or at the tima tDe progerty is otherwiee soquired, Lhe amount then remr~ining to credit of Mortgagor under (~~oi para~raph 2 preceding se s credit on the intereet accured snd unpaid and the balsnce to the principsl en remawmg unpaid on eaid note. 4. 8s wiD pyr aD ta~e~, w+~ee rat~, and ot6ec~o W a muniaiPal o6se~e~„ 8ae~. ar ianPodtions, fo~r wbioh providan bas not been m~ds hee~eiabetors, and in~tderao~ t~e Mor~ee m~y P+1Y ~ a~me; ~od tbat bs will pe+oanpf{~r deaivee tLe offic3r~1 reoeipb therefor to fbs Mort~ee. 6. He wW pemoit, commi~, or ad[eE ao wa~te, imp~irma~ oe dele~ioa~?t3oa of said properly a ~art thereof eacoept r~uoosbk we~s ~nd te~r• and in tbs ev~ent of tLs ~ ot the Mort~or to keep tbs on pcemi~es and tlw~e t~o bs ere~t~e~ oo ~aid preani~es, oe impe~ov~ea?ents thereon, in ~ood repair tbe Murt6~ee a~?Y maloe woD repai~s a~ io ib ~ioa i~ m~y deaffi neoerary for tbe_~roper p~+eaervatton the~eo~ sod t6s full a~noun0 at eaoh aad ev~ery aioh P4Yment aball bs dus and pysbie tbirb (3v) d~ att~' demsa~d~ an~ diall bs ~eaured by ths liea of this moet~s. 6. He will pay aD and dn`uLs t~Ls ootts~ and ea~peases, indudlna reasonable Lwyer's fees, ~d oo~ta oi abstn?ats oi titk, inaun+ed or paid at any tim~e by ort~~ee be~use ot the failure on the part oI the Mo~ P~Ptb? and ~o parform the ~+eements and ooveaaaZs ot said p~mieeosy note and this mo , d nid ~u~'~, ~e~pe~nne~ aball be ima~ediste~y dus aad p~ysble aad ~hail be secured by t6e lien of~t~is~mortp~e. 7. He wiIl oontia~wm~ maint~in lward innu~anos, o~ nu~ t~?ps or t~pe~ and omounte as MortBagQS m~,1 trom time to tims requuro, on ths impro~ament~ now or L~sreafter on asid p»miees aad exoep` wLen p~yment tor aII euch pseminm~ Las tberetioiore been made nnder (a of paragn~h Z herooi ~e will psy promp~,~y wLen dus a~y premiums t~heraior. Alt insuranoe shall bs ~ in oomP~au~as aPProve~ b~ Martgagee and tbe polN cie~ aad naewab tLer~of sL~ll be beid b~ Mortgages and Lavs sttached thereto ~oes p~yable GGnsea ia fa~or oi aad ia foran aooeptabk to tbe M In event a~ loes hs ~vill give immediate notice by mW to Mortg~aes, oes and M mw maic~s proof o ii not mads p~+omptJy by Mortgagorf and each insuraaoe oompar~ ~ oonoern~ is ~eby~ authorised aad direated to mate p~,yment for such loes du~ec to Mor~a~ mstead ot ~o Mortgsg~or ~nd Mortg:gee wn~y , and tbe insuraace prooeeds, or wy psrt t~Lere~~ m~y be apF7ied by 11iort~ ati its option eitber to ~ reduction of ZLe iadebt~ednese hereb~ secured or ~o t~e rest~oratwa or re~ir o~t ora propertjr dama~ed. Ia eventi ai forealosurs oi Wis mo~or other tranafer oi title to tbe mortgaged perty in ezt~ingmehment oi the indebtedn~ee~ secured het+eby, right, title. and interest oi the Mortgagor +e ~ad to asU i~uranos policie~ LLen in foros ~hall_~r to tLe purchaser or gi~antee. 8. He will not ezecute or file of recwrd any instrumant which impoeea a restriction upon the as[e or occu- pancy of t6e property described hereia on the basis of race, oolor, or creed. 9. If the premises, or any psrt thereof, be oondemned under the power of eminent domaia, or acquired for a public use, the damages awat~ed, the proceeds for theta~nng of, or the coasiderstion for such acquisi- tion, to the eatent of the full smaunt of the remaining unpeu'd indebtedneee secured by thia mortgsge~ are - hereby sasigned to the Mortgagee~ and his heirs or aes~gna~ snd ahell be psid forthwith to ~aid Mo r-t~~gee or hia ~nee w be applied on accownt of the tast msturing installmeqte pf sucL indebtneee• pmvided,~ow- ever~ the orcgagee or lua ass~gnee~ msy at hia discretion pay djrect to the Mortgsgor, his ~eirs or asaigns sny part or all of euch swsrd; provided, that if the loan is guaranteed or inaured, the oonaent of tbe guaren- tor or wsurer is obtained in advance of eaidpsymeut. " 10. The Mortgagee may, st any tima pendi'ng ~ suit upoa this mo apply to the oourt hsving juriaciic- tion thereof for the appointmeat of a rec~ver, and such eourt aball fo~t~ a~pouit a receiver oi the premiaes covered Lereby sU ~nd sinqul~r, includ'u?~ all sad eing~ilar t~?e inoome, profits~ ~ssues, and revenues irom vrhst- ever souroe denved, each snd every of wluch it " e~cpreesly underetood~ is herebp mor~gsg~ed as if apecificaDy set forth and described in the granting an~ habendum clauses hereof. Such ~ppointment ahatl be made by such oourt n an admitted equity and s mstter of sbsolute right to s~id Mortgagee~ and wit~out reference to the adequacy or inadequscy of t6e value of the pmperty mortgaged or to the solvency or ineolvency oi said Mortgagor or the defendsnts. 3ucti-rente, pm8te, inoome, iseues, aad revenues ahsll be applied by such receiver according to the tiea of this mortgage and the practace of such oourt. In the event ot sny defsult oa the part oi the Mortgagor henunder~ the 1liortgagor aRreea Lo p.y to the Mor on demsnd as s reasonable monthlv reatal for t6e premiaes an smount at lesat equivalent to one-twelfth of theaggregste of the twelve moathlv inatallments psyAble in the then current year glus the sctual a~eouat of the annual taxes, assesements, water rates, ~nd insurance premiunue tor auch year not cove~red by the aforessid monthly paymenta. 11. In the eveat of any bresch of thia mortgage or default on t6e part of the Mortgagor, or in the eveat tLat any of said aums oi money hereia referred to be not pmmptly and fully pud e?ccurding to t~he tenor hereat, or in the event that each and every the atipntations, agreements oonditione, and covenants of aaid note snd this mortgage ~ are not duly, pmmpdy~ aad fuUy performed or i~ the Mortgagor be sdjudicated bankrupt or made defendant in a bankruptcy or receivershi~ pmceedings; tLen ia either or uny auch event~ the said aggre- gate sum mentioned in said nots then remau~u~g unpud, writh iatereat accrued to thst time, and al! money secured hereby ahall become due and psyable iorthwith, or thereafter, at the option of ssid ~1iortga~ee, as fuIly and camp~etely as i! all the said sums of raoney wrere originally -stipul~ted to be psid on aueb day~ anr- thing m ssid note or m thia mort~ag~e to the coatrar~? notwithataading; and t6ereupon or thereaftcr, et the option ot ssid Mor ,~vithout noUce or demand~ dwt at law or in equity; msv be prosecuted te if all mone~~s v~ eecured hereby ~?d m~tw~ed prior to its iastitution. The Mor~ may forecloae this tnortgsge, as to t~e amount eo declared due aad pay~ble, and the s~id premises shall sold to eatisfy ~ad psy ths aune together ~vith costa e:penses~ and i?llowaaces. In case oi putial foreclosure of thia mortgage , the mortgeged pmm~ses shall be so~d sub~ect to the continui.ng lien of this mortgs~o for the amount of the Aebt not then due ~nd ~mpuid. In suc6 ca~e tbe provisions of this paragraph may aga~n be availed ot tbereatter from time to time by the Mortgagee. ~ 12. No waiver oi aa~ oovenant herein or of the obligi?tion recured henby shull ~t sny time therestter be ~ held t~o be s~vaiver oi the termr hereoi or of the aote secured benby. ~ 13. The lien of this instrument shall retaain in full force and effect dureng any postponement or extension ot the tiaie of pay~nent of the indebtedner or any part thereot ~ecured henby. 14. This mortgsge i~ given to secure th~e purc6aee money, oc ~ part thereot, of the lands herein described ~ aad i~ executed and deGvered ount~emporaaeously with tha deed thenior. ~ 1 S. Ii the Mortgagor dei~ult in any of tlu oovenanta or agrr~umea~ta oontain?ed herein, or in s~id aote, then ~ the Mortga~ee msy.pedw~m the sune, and a1t expenditures ~mcluduig reasonable attomey'~ fees) made by the ~ biortgagee u? ~o dou~g ahall dnw inter~t at tbe »te provi ed for in the principal indebtednes~~ and sh~ll be npayab]e thirty (30) days aiter demaad, md~ togetlur M?ith intecest and oab accrued theceon, shall be ~ecurcd s o ~ t~lls IIIOtLg~l. 18. Upon tLe nque~t ot the Mort~ag~~e the Mortgagor ~hall ezecute and deliver a aupplemental note ar aote~ for tbe sum ot sums sd~anced by the Mort;agee i~ tha alteration, modernisatio~?, improvement, mai~?- teuaaee, or repair o! a~id preavses, for ta~ces or wa~meat~s agsinst L6e saa~e and tor aa~ other purpo~e ~suthor- ised henunder. Said note or aot~ea ~b~ll be ~ecured henby on • puit,y with ~ad ~s tully ~s d the ad~~nce evidenced thereby wee+e inc~uded in t6e note 6nt dacribed abo~e. Said ~upplementa! uote or aot~s shall be~r ~ ~ ~ ~ - - - • . - - - zw ~x ~~~,~:.;~.a~"-~'~':~~~ I i ~ ~