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Home My WebLink About1582 Mortgagor shall py to the Mortg~gee aqy araoumti necedar~ Lo make up the deHcienay. Suc6 payment ahall be made within tbiri~ (30) dqs dtsr wntLeu uotice from Lhe M statiag tl~e ~naouat oi tl~e deHciena ~ ~n p• ' which notice m~y be ~iven by mail. Ii at~qy time the Mort~gagos 411 tender to the Mortg~gee ia acoord anos with the roviuons of the noLe secured he~eby, tuU Myment oi tha eatire indebtedaess repreacnted ee t~derebj~ ths o~g~ ahaU~ in oomputiag the umoun~ ot sueh indebtedaeas, eredi~ to Lhe aocaunt u! i,~e 1V1~ ~?ay credi~ balaace retnainiag~ under tha provisions oi (a) oi enidpar~gr~ph I~ there shall be ~ deta ~ under any of the ~rovisions ot Wis mortga~e rewlt a'n~ in ~ public sale oi the premises oovered hereb~ or if Lhe Mortg~gee ~cq~ures tha pmperty otherwue dter de~~ul~, the Mortg~ee shall ap !y, a0 the time o~ ures ths oommencement oi auch proceediag~ or aL t6e tiane the property is otherwue~cq ' ~ the amoun~ thea remidning to credit oi Motg under (a) of p~ragrap~ ~ p~~exdinR sa a credi0 on Lhe in~ereat aocrued snd unpa~d anc~ tha balance tort6e principal then rem~iaiAg uapud on ea~d note. 4. He wiII py ~D lu~oes, ~eeeermeah, w~tee t~at+e~. and ot6ee~o~ramea W ae mwoiciP~1 ohar~a, 8ne~. ~ ~P~~, for wLiah pe~ovielon has not beea mads hee~eiabetors, aad in deiault thereot tbs Mo~fi~*6~ ~RY P~Y ~ ~ame; aad ttu~t hs will pe~o~mptly deliver the o~'icial reoetph therefor to ths Mort~ee. 6~ Hs will perm~l, oomm~t, o~r su~er no wada, ionpiiemea~, ee deteiiore~tion eE e~a~d pt+opeet~ oe ~qy ~ast thsreot emospi rwonabZs weat and t~ear and ia tbs event ct ths failiu~s at tbe Mort~or to keep tbs buildu~ oa sai~ pe+emi~es and tbose to be erecf~e~ on aaid pmemises. or im~ovements thereon, ~n 6ood repais the Mo=t~ee m,y - maioe wuh rep~i:s as ia its diearetioa it m~?y deem neoeeeary io~ tLe pa~esernatioa thereo~, and the full amoun0 ~ oi eioh and eve:y e~ p~yme~t ahaa bs~ydu~s ~od p~yaWe ~irt~y (~j~dyrs afte~ demaad. aad shall bs secund by tbe lie~ at t~his awrta,~~e. . 6~ He wiIl pay all and ain~ular tbe costs, e~e and e~pn~ses, indudin6 reasonabk Lwyer's fees, and oab et abdraots of title~ inaure+ed or pdd at aq~? tlmslry~t6e~~act~ee beosuee of ths failura on the patt ot the Mort~o~ asr r~~ P~'~PW? and to partosm tbs asreanenta and ooveaanta of e~id proaniee~ry note and t6is mo , and eaid Q~E'~, ~P~~ ~all be imm~disteb? dus and p~yabb and ahall be seaured by tbe lien of this mortga~e, 7. He wiII o~ntinnoua~ maint~sin Lwrd imuranos, ct such type or~ypes and :nnounts ae Mortgagee ms~ tmm time to time requu+e, on t~e improvemeats ~uw or bee+eaiter on ssid pr~miees and e~oepL when payment tor all such premiums has tLaretofore been made nnder of paragey?~h 2 hereof ~e ~+ill pay pmmp when dne any p~nmiums theretor. All iffiuranoe ahall be ~ in aompaaies sPProve~ b~ Mrt~~ aad ~e poli- ues and renewab thereof sLall be beld b~ Mortgagee and L~ve ~ttached *~ereto bes psyabQ le cGuses ia f~vor ot and in form aooeptable to tbe M In ovent of loes he will give immediate notioe by mail to Mortgagee, and Mortg~ageo. m~,y make pa+oofa~~ if not made Pe~mPt~y b7 MortgagOr. aad each insw~anoe oompan~ oonoe~rned ~a hereby sut6ori:ed and directed to malrs p~yment for such loas du+ect.~i to M inat~ead oi to Mortgagor and Mortgage~ joint~, and the iasuranoe prooeeds, or aqy part tLere~f may be ap.p '';g ~liort- ~gee at its option either to tbe rednction of the indebtedness hereby secured or to t~e restontwn or re t b e propertj d a m a g+ e d. I n event oi foreclowre of tbis mo~or o t Le~r ~er of title to the mo tg~ag d pe+operty in eztinguiahment oi tLe indebtedneas eecured Lereb7, ri~ht, title, ~nd interest of the Mortga~or m and to an, i~uranoe polir,ies the~n ia foroe ahall psss b tLe pum,Laser or gr:ntee. 8. He ~rill not eu~ecute or Sle of record sny inatrument ~vhich impo~see a restriction upon the sste or oocu- pancy of the property described herein on the basis of ra~e, oolor, or creed. 9. If the premises, or anp part thereof, be oondemned under the power oi eminent domain, or aequired for a public use, the d es awarded, the proceeds for the tsking of, or the consideration for such aoqaiai- ~ tion, to the estent of th~ull amount of the remaining unpaid indebtedneea secnred bg this mort~a~e, are herebv agaigned to t,he Mortgagee, and hia heira or sss~gna, and ahall be paid forthwith to asid Mo r-tgagee f or hia ee W be applied on account of the last mstunng inatallments of auoh indebtnees• pmvided,bow- ' ever, the ortgagee or his assignee, may at his discretion pay direct to tLe Mortgegur, his ~eira or assigna ~ any part or aU of such award; pmvided, that if the loan is guaranteed or inaured, the consent of the guaran- ~ tor or wsurer is o~t$ined in advsnce of said ym~t. 10. The Mortgagee m'y, st anp time ~en ing a suit upon this mortgap~e~spply.to the oourt having jurisciic- tion thereof for the appointment of s receiver, and such oourt sbaU fortLwi a~point s receiver of the premisea covered hereby all and singulsr, includin~ all and singular the income, profits, ~ssues, and revn~,ues from what- ever source denved, each and every of whicL ~it beu'~ espreaely nndezstood, is hereby mortgaged as iE apecifically set forth snd deec~be~ in the granting ~n~ hab~dun clauses Lereof. Such sppointnnent s6s11 be made by ~ auch oourt as sa admitted equity and s mstter of sbeoluts right to said Mortgagee, and without reference to ~ ~ tLe adequscy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said ?n f Mo r or tbe defendanta. Such rents, profita, incwme, iesues, i?ud revenues ahsll be applied by such receiver ; f acco ' to tLe lien of this mortgage and t6e practice of auch oourt. In the event of sny default on the part = ~ ot the Mortgagor hereunder, the :1lortgagor s~reea to pay to the Mor on demand aa a reasonable monthlv k rental for the premisea sn amount at least equivalent to one-twelfth of t6eaggregate of the tvrelve monthlv I installments payable in the then current year plua tLe actual amount of the annual ts.~es, seeessments, water ~ r~tes, and inauranoe premiuma for such year not oovered by the aforesaid montLly payments. 11. In t6e event of any breach of thia mortgage or default on the part of tLe Mortgag~or, or in the event tbat any of said eums oi money herein referred to be not promptly and fully paid according to t6e tenor hereoi, _ or in t~e event that each and eve t6e stipulstiona, menta conditiuns~ and oovenanta of eaid note and thia mortgsg~e, are not duly, pmmptly~ and fuUy perfo~ran~ed or i~ t6e Mortgsgur be sdjudicated banl:rupt or ~ made deiendaat in s bankruptcy or receivera6i~ procee~ings; then in eiLher or any such event~ the asid sggre- # gate sum mentioned in said note then rem ' unpud, ~nth interest aixxued to th~t time, and all monev sccur~ed hereby s6aU become dua and p~ysb~orthwith, or theredter, st the option of said 11iortgagee ~ as ~ fuUy ~ad compfetely as if all the said suma of money were originWly stipulated to be paid on such dsv. anr- ~ thing m said note or in this mort~sge to the contrarx notrvithstanding; and thereupon or theredter, at the option ; oi sud Mortgagee~ w~ithout notica or demand, suit at law or in equity, msv be pr~ecuted sa if all mone~s ~ secured hereby ~?~d matured prior to its institution. The Mortgagee may ~orecloae thia mortgwge, sa to t6e ~ amount so declued due and paysble~ and the said premises ahallbe sold to satisfy and pay the asme togrther with costs eapenees~ snd allowances. In csee of partial foreclosure of this mort~age, the mortgaged pmmises = ~ a6all be ao~d subject to the oontinuing lien of this mortga~e [or the amount of the debt not then due snd ~mpaid. ~ In auch case the provisions oi this puagraph may agam be svailed ot thereafter [rom time to time by the ~ ~ Mo ~ 1~ 2 No w~irer o! anp oovenant herein or oi tl~e obligodon secured hereby ahall at any time thercefter be ~ beld to be a w?aiver of the terms hereof or ot tbe note secured hereby. ~ ~ 13. The liea oi thia instrumeat ahall remain in iull force and eQect daring any p~tponement or e::tensioa ~ of fhe time oi paqment ot the indebtedness or any p~rt thereof secured herebp. ~ 14. This mortgage is givea to secure the purcha~e money, or ~ part thereot~ ot the lands herein deacribed ~ and ir eaecuted ~nd deliv~red contempor~neously w?itb the deed therefor. ~ 15. Ii tbe biortgagor default in any oi the ooven~nts or agreements oontained huein, or in said note, t6ea ~ tbe Mortgagti~e may perform t2~e aame, and all eapenditutes ~including reasonable attorney's [ees) macle by the ~ ~ Mortgagee w so dou'~g ah~ll draw? iatereat •t the nte pr+o~ i ed for in the princip~l indebtedness, and sh~ll be ~ ~ repayable thirty (30) dsys ~fter demand, aad, togrther ~rith inter+eat and costa ~ccrued thereon, shall be secured ~ bp tbn moetgage. ~ 16. Upon the request oi tbe 11ior~a~ee the Mo~tgag+or shaU execute aad deliva • supplemrntal note or ~ ~ noees for the ium or suau sd~anced by tFu biort;sgee tor tbe vter~tioa~ modesni:ation~ impr+orement, maia- ~ tenanoe, ot np~it oI ~aid pe+emi~es, for tue~ or ~a~saients ag~uist the same and for any othec purpo~e autliot- ~ i~l henunder. ~id note or aotes a6a11 be ~ecured hereby on • p~rit~ with sad as fully ~ ~f tl~e ad~ance 1 eridenoed tbereby were included in the noee 6nt dercribed ~bo~e. Said supptemental note or aotea shall besr eu~K~7Z ~r~1576 . m~, , . ~ x x,~. t ~ .~.1 ~ ~ r - - ~