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Home My WebLink About0217 . • ` ` ' ~ the deficiency. Such paym ent shsll be mu~e within Lhirty (30) days after ~rrittea nutice from the Mortgsgee stating the amount oi the deficiency~ which notice msy be ~iven by mail. It at u~y tims the Morfgagor aha11 tendet to the Mortgages in aooordance with the pmvisions ot the note aecured hereby, full p~?ymea~ of the entire indebtednees repreeeated thereby~ the Mortgagee as trustee shsll, in oomputing the ~anoun~ of auch indebtednees, credit to the account of tha Mortg~gor sq~ credit bslance remainu~g under the provisiona of of s~id ph 2. Ii there sh~ll be s defautt under any of the proviaions of thia mrt~g~ge reeulting in a public e o the premiees oovered hereby~ or ii the Mortg~ee Rcquires the property of~h-erwise dtez' detsult, the Mort~agee ae; tn~stee sbsll spplp~ e?t the time oi t6e cammencement of auc4 proceedings or ~t the time the proparty ~ otherwiae acquired~ ttie amount then remaiaing to credit of Mortg~gor under of psrs~reph ,2 preceding ~a a credit on the interest aocured and unpaid snd the balsace to the prinoipv thea remauung unpaid on said note. 4. He wiD pyr a~ ta~ rermenb, wat~ee ratb. ~d o~5ec~varnc~ tal ae munbiPv ~ ~mPorit~om, foe whie~ proviatoa La~ not beea mads heeeiabetore. and in detwlt thereot tbs Mot~t~ee myr P~V ~ Mme; ~nd tbat ~ will pe~omptRy ddivec t~hs o8'idal reoeipts t~eretor to ths Mort~~ea. b. He w~ll pe~mit, oommit, or w1[ae ao wad~e, imp3rmeat, or d~~iotatian ot eaW propeef,~ a tlbreof amoept re~ansbis we~r aad t~ear• and in ths event ot t,~s taiture ot t6e Morf~os to keep tLe ~d n~p an a~i~ peeaniee~ and Nio~s t~ bs es~eete~ on ~sid pe~eaniee~, ae ianpe~oveo~en`s the~eon, ~~~P~' ~U? maloe ~uoh repaies as in ita dLo~etion it m~y deean neoeeeary for tbs~p~opec peeservstlo~n thereo~ wd the fn11 amouat ot eaoD snd evee~r ~no~ ~?meat iu~l bs dns aod P~1Y+~ ~~1(~) ~ aPoee demand, an~ ~h~ll bs eeonred bpr ths ~ien of th~ a~or~p~e. 6. 8e will p~y a11 and in~uLr ths eo~t~, and ea~peose~, indudin~ re~soasbls Lwy+er's fe~s,, ~ad ooeb at ~bstraab ot' iitie, i~rred or p~id at a~r time ~~ort~ee bec~?uee of the failure oa tbe part oi the Mrt~o~ pe~ompt~jr aad ~,o t6e a~reements and oovenants of e~id pe+otniesory note and this mo~p~e . a d e~id e~, t'~, P~~ dne and p,yabk and ~LaD be secured by tbe lien ot t_Lis mort~ss, T. He wt~l oont#nnom~r maintain hssard insuranoe, ot a~ch t,ps ar t~pa sad ~mounts as MortB~ges ma~ ~rom tiane to tims requ~s, on the imp~+~~smeats now or Les+eatte~ on said~r~m~see~ aad eaoept ~vhea pUmenO tor ~11 such psaminms Las thereta~ore been msde nnde~ (a ot paragca,~h a hereoi he ~vill p,y promp~y wLen due an~ praminms tberetor. AIl insuranoe sLall bs ~ in comP~~ ~PProve~ b~ Mort~aqee and tbe pol~- eiee and naew~L fLereoi aLaIl be held b~ Mortgagee and La~e attached thereto loes psyable eTauses in i~vor o~ •~nd in form aoosptabb to the M In event olloes he will give immediate notiae by m~il to Mortgages, aad Mort~ag~ee ma~ mai~e prooia~~ if not made p~+ompt~j by Mortgagor~ and each i~uranoe,comp~ oonosrned ~s Lereb autiwrised aad dirsated to mal~e p~yment for auch loes du+ec. to Mart~gagee_mat~ead ot to Mortgag~or and ~ortgage~ joint~y~ and f~e imuraaos prooeeds. or aq~ P+~ m4Y ~ aP,Plied by 11ior~ ~~gee ati ita opfion ettbsr to tbe reduction oi the indebtedness hereb~ eec~u+ed or to t'~e restontwn or rsp~ir ot tbe proper~~ damaged. In eventi of forecloeurd of thia mo~~~, or other tranafer oi titde to tLe mortgaged p~+operty ia eztingu~sLment of tl?e indebtedaees secured Lereb~, all rigLt, title, and interest of tbe Mortgag~or in and tio aq7 imsunace poli~es thsn in foroe aLall pass tio th~s purchaeer or gr~atee. 8. He will not eacecute or file of t~ecord any i~trumeat whic6 impoeee s restriction upoa the sale or oocu- pancy of the pmperty deecribed herein on the baais oi race, oolar, or creed. 9. If the premises, or any part thereof, be condemned under the power of eminent domein, or aoquired for a public use~ the damages swarded, the pmceeds for thetsk~ng oi, or tLe oonsiders?tion for such aoquiai- tion, to the extent of the full amount of the remaining unpai'd indebtednees secured by this mortgage, are hereby sasigned to the Mortgagee, and hia heira or asaigna, and ehall be paid forthwith to said Mo - agee or his sas~'gaee to be applied on account of the last maturing inatallmenta of auch indebtnees• pmvided~ow- ever, the Mortgagee or his assignee, may at hia discretion pay direct to the Mortgagor, his ~eirs or asaigna any part or all of auch award; pmvided, thet it the losn ia guaranteed or inaured, the uonsent of the guaran- tor or inaurer is obtsined in advance of saidp aymeut. 10. The Mortgagee may, at any time pen 'ding suit upon this mo spply.to the oourt hsvinEt jurisciic- tion thereof for the appointment oi a reoeiver, and sucL oourti ahall fo~t~ y~point a receiver of the premisee uovered Lereby all aad singular. includin~ ~11 and singular t~he inoome, profits, ~ssues~ and revenues fmm v~hat- ever souroe denved, each and everq ot w?luch itbeu~g expreesly underatood~ is hereby mortgsged aa if apeci&csUy set forth and desctibed in the granting an~ habeadum cl~uaes bereof. 3uch sppomtment shall be made by such court ~s m admitted eqwty and a matter oi abeolute rig6t to said Mortgagee~ and w?ithout reterenue to ~ tLe adequacy or inadequacy of tLe v~lue of tLe pmperty mortgaged or to the solvency or insolvency of ssid i Mortga~g~ r or the defendanta. Such rents, profite, income, iesues, and revenuea shall be applied by auch reoeiver f accord~'ng~ to the Uen of thia mortgag~e and the practice of auc6 oourt. In the event of any default on the part E of the Mortgagor lureunder, .the I~iortgsg~or a~rees to psy to the Mo agee on demand ae a reasonable monthlv nntal for the premises sn amount at least eqwvalent to one-twelfth~:) of the ts of the twelve montblv a ~ inatallments psyable in the then current yeu plua the sctual amount oi the annu ta~ces, s~esements, water ntes, md insuraaoe prr.miunas for auch year not oovered by the atot~esaid monthly papments. 11. In the event of any brsach oi tbis mortgaga or default on the part of tLe Mortgagor, or in the event tLat aay of said aums oi money hereiu referred to be not promptly ~nd fully paid acoording b the tenor hereof or ia the event that each ~nd every tbe atip ulations, agreemeats oonditians, and oovenanta of said note an~ t,6is mortgage, are not duly, promptly, and fully performed or i~ the Mortga$or bs adjudicated bsnkivpt or msde detendmt in a banlQUptcy or re~xivership proc,eedinp; than in either or an~ auch event, the said ag~re- gate sum mentioned in said note thenremun~ng unpud. w?ith intereat accrued to tlut time, aad all money secured bereby d~aIl beoome due aad psyable forthanth, or thu+eafter, at-tbe option of said I?iortgage~, sa fully and oomp~etely as if all the said aums of money wera originally stipulated to be paid oa such d~y, an~- thing in said note or m th~s aart~age to the aontrarx notwithstanding; and tbereupon or theresfter, et the option oi sud Mortgagee~ w?iW?out notioe or demaad, swt at law or in equity, mav be proeecuted ~s if all moneva secured hereby 7~ad matured prior to ita inautution. The Mor~gagee may ~oreclaee tbis mortgege, as to tbe amount so declared due and psy~ble, snd the ssid premises sluil~be sold to sutiaty ~nd pay the same together ~rit6 custa e:pe~, and aUowances. In esee of partial forecloeure ot this mortgage ~ t6e mortgeged prnra~ses aLaU be so~d subject to the continuing liea of thia mortga~e for tLe amount of t6e debt not tben due aad unpaid. In such ca~e tbe provisions ot this paragraph may agun be svaile~ oi thereafcer fmm time to time by the Mortgagee. lZ. No w~iv~ oi aa~ coveaan~ Lerein or oi tLe obligstion secured hereby ahsll at ~ny tune ti~eresfter be Lsld to bs a waiver of the terms Lereof or oi tbe note secund be.reby. ~ 13. T6e liea ot t~is imtru~ea~ *ball remain in inll iorce and eHect during say postponemeat or extrasioa t~! oi tbs tims of paymeat oi tLe indebt~edne~s ar aay part thereot ~scured Lereby. . C~t 14. This is givea to ~ecue+s tLs purcLa~e moasy, or a psrt thereol, of ~the luids hereiu deicribed •ad i~ eucuted~i~elivered ooatempor~neoualy r?ith tLe deed therefor. ~ 1 S. It the Mortsagor detault it~ any oi the oovenants or ageeemenb oont~?ined herein. or in said note, thea t~e Mortga~ee ma~. pertorm tLe ~ne, aad all expenditure~ ~mcluding nawnable attorney's ices) made by tbe n ~ M~a~e in ~o ~ull dna interest at tLe nte provi ed for in the principal indebtednees, ~nd sh~ll be ~P~Y!~e~3~ y~ after demand~ and. together w?itL iat,eres~ and costs accrued t~reon. sh~ll be secured f,bi~ ~ 18. Upoo tbe requa~t ot tLs M t~~ge,e tLe Mortga~oc ~6~1 esecute aad delivee ~ wppkmenW note oc o$ oota~ !o~ tbs swn or sum~ ~d~an~oed b~-t[~s More~agee tor the ~lterataa. modernis~t~ion, impe+orement, anaia- t~eouaa, ot repair of ~id prani~e~, for t~a oc warmeats a~i~ t6s wne aud ioc ~ otha purpo~e author- ised be~eunder. ~ard no~e or note~ ~h~ll be secur~ed hersby on • p~u~ity wnth ~ad ~u fuU~ M it the advaaoe s~ideiwed tbsreb~ we~+s included in tLe not,e Srst d~ibsd abo~e. S~id supplemeatal note or notes shaU beu