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Home My WebLink About0430 r . , i ' ? • . ~ . f ~ , . • • , ~ ~ the de&cievcy. ~Suchpa~rmen~ s~1't~ r withia,~1 (30~ d~ys attee writtea nowce fe~om the Moctg~,gee stat,~n6 tGe ~mount oi the defic~enay, M~~ notice M~be ~ven by mail. It an,y time the Mottgiagor sh~11 tend~c to the hiort{~gae in aooordanoe with the prov~ons ot the note secwbd hereby, [uU p~ymen~ oi t~e ent~ire indebtednees represented thoreby~ t,hs Mortg~ges as truslee ahall, irt oomputing' the ~uaona~ ot su~ indebtedae+es~ credit to the a~oount ot the Mort~gagor aq~ credit balanoe remeinu~g under the proviwons a o0 ot (a) of a~id ph II there eh~ll be ~ dets I~ uader any oi t6e provisi , of Wia mort~~ resultiag in'~? publia o the premises oovered hereby~ or d the M ct,g~gee acqwres~e properttiy oth-irwise ~[tee def~ult, the Mortg~gee aa t~rustee ehall sppl,p, i~ ths wtne ot~ ~be ooanmenoemeat oi sucli Prooeedi~gs or ~t the time t~s property. is othenviee wquired,• thQ a~ount thea Lo credit oi Mort~agor under (11) oi para~nph ~ preoeding as credit oa t6e ittterat aocured and~and the batance to We priaoipal fben remaming nnpsid.on ~aid rn?ts. 4. Hs w~ll pqr all ta~e~, ~we~meab.ws~ nte~ a~d ethee~~aeomeatal a~ m~ioiPal ~r~e~. 8os~ ae impaitiom, fa wbioh pro~lron !u~ not beea m~ie 6ereiabQta'0. wd !n de(aut0 tbereoE tbs l[ctt f+~~es aoy? P~,p th~ . ~me; aad fba0 Ls wl(1 pcompf~j? deii~re~ the oioial reoei~ t,6eeetoe iQ t~6e Mafp~e~. . He wIU permtt, aommit, ae w~Rar ao wais~ ~rmea a ds~eeiotstioo.ot Mid p~opeetrl? deb~ ~lh~ ezoept re~sooabis we~ iuad-~• aad i4 tDe, , at tbs ~ at tbs M to l~eep tM a? pe~emi~e~ aad t6o.s tio b~'bi~eat~e~ ~a ~id pre~ ~e impe~eo~eah taee~eoo,~~ood repair t6e D~ort~ee m~? ma~s w~oh~~ as is i~r ~ioo i! mqr deem nsoe~ar~ foe tbs~~e!ope~ pe~e~eevat,iQa t6ereo~ and ths foll-i~a4uat ct each and ev~? woh pyrmea0 s6~ll b~ dw ~od PiU?~bls tbief,~ dws ~?tt~ee deeand; ~nd ~baD be ~ewr~d !q i~s ~iea o~ ~hi~ a 8a .Hn ~?~,~a ~ ~ . ' .oa ~r~.d. ma~s ro..~.~ cea~ ~~a ai.b~a~. al tltis, iaourrea a dwt~o~ee beau~es of tbs failurs oa tbe paet af t6s Mo~t~~ prompf~jr andfu~? to pe~foe~oa~•ly,~e~e~b snd oove~?nts at ~aid pro~ie~ory note aod this . uad Mid ~A~ ~ be iapam~iate~i c~ns and pyrabie aed ~aill bs ~eaured by tbe Heaa af s moitp~a Hs w~t oontia r~: ~ ~'It~bhinos, at a~a6 t~ps ar~~p~ and amouots as Mort~a~a~ au7 ftam tims to time rsq~~~ ~ss~w or bae+e~ller on aid - ' sad e~oept r?ben pwme~t to~ aIl such premiums Lr tierstoto~+s bsen made uadar (s a~ paragnFh ~ wili pU promp~,~r when dnea~q~ ums tLei+etor. ' ' P~?n~es uPP ~ b7 bi and tbe pal~ cie~ and als tLeree~~hall b~s L~eld Mortgag ~ h~i~s attacbed thee+et~o bes p4yablsQ~~~c~au~es in fa~or ot gi e and in torm seoeptabld Eo i6s M - Ia~eTebt ot bes hs wi11 gi~e immediste notios by mail ~o Mortgages, a~ M my maios pe~ooZ; it ~ mid~e p~ b~ Martgago~rf and a~a~ intnrsnob e~mp~n~ aano~sd a ~w~d ~lnd directied to mste pymenti io~ wc~? ~lo~ du+ea. ~~o b[~~r;tgages_ipat~ead ot - t~ Mortgag~or and ortgag~ ~aa~, aad tLs iaauanos g~ooseds, or aq~ p~rt ~my bs apFl~ed b~ ~?io~ ~,~g~es at ita op~n eitber to tbs action of tbs iad~ebtednees Lsrsbj secnred or to t~s rest~or~twa oe rspsir ct fbs p~opeef,~ dama~ed. In e~ent oi foreclosurs of tLis mort~, or othar transier ~ tit~e to ths murtgaged pt+~part, in t of the indebte~ne~s ~ecured Lereb~; aIl rig6t, title, and interesi ot tbe Mortga~oe in and to a~q~ insunnos po~~ies~ iLea ia ioe+os ~Lall pass to tbe puir,h~ser or grantea. 8. He ~rilt not execute or file of record an~ instrument which imposes a restri~tion upoo tbe ale ot oocu- P~Y Pi'aP~Y deecribed hereia oa the basi~ of nos. colar, or creed. 9. If the premises, or any part thereof~ be condemned under the power of eminent dooaAin, or soquired for a public use, the d es awarded, the proceeda for the tski~g of, aar the~oopsideration ~or sucd ~aoquisi- tion, to the eutent of th~uU amoun~ of the r~naining unpsid indebtedneas secrired by t~his mor~tgage, ue herebv assigned to the Mortgagee, snd his heira or saa~gna, and e~all: be paid fort6wit~h ~ tu asid 11~, or his ~ee to be spplied on aco~unt of tLe 4at maturing iastsll~nents oi suc6 indebtneee • provided~ ov~- aver, the or~ or tus a~aignee, may s~ his diacretion pay direct to tLe Mortgagor, Lia ~eira or aesigna aqy pact or all euch s~vard; provided, that if tLe loan is guaranteed or insured, t6e oouseot oi the guaran- tor or w+4ure~ is obt;ined in advaace of esid p~ymen~. 10. The Mortgagee may~ a6 ~Ap time pendmg a suit upon ttus mo ~PP~Y,b f~e ~oourt h~ving lurisciic- tion thereof for the sp intaneat oi a ireoeivrr, and such uourt sba11 fori~~?ppoint a receiver oi`'Zhe premises eu oovered henby a11 ~singWar. indu ' ail and singulat the incume, pro6ts~ Issues, and ra~euues from what- e~er sonroe deaved. each and every of it~~ expreasl~ underatood~ is hereby mortgag~ed as it speciRcaUy set fortb and deecribed in tha graata~ aq~ h~?ben~~tm da~tee~ bereot. 8uich appoint~tea~ ahall. be made by ' such oourt as aa admitted equity aad a mstter oi absolute right to asid Mortgag~ee, and without reference to ~ the adequacy or inadequacy,oi the vdue of the property mortgsged or to the solveacy or insal~eacy oi said t Mo g~gor or the detendants.- 3uch rents, pmfita, incoma, issues~ and ravenues ahaU be appGed by such reoeiver ~ a~aak 'dmg to tbe lien of tLis mortgage snd tl~ practiae of such oourt. In the event of aay default on the part of the Mortgagor hereunder, the Mortgag~or a~rees to psy to the Mo on demaad sa ~ reasonable monthiv r~tal ior the premises ~n amount~~t leasti eqmvdent to ~e-tw~elitL oi thea~ga te of the twdve moathlv ~ inatallments payable in the thea current year plns the actusl amount of tbe aanud taxes, aeseeaments, lwat~ec € ntes, and insuranoe preminms for such yeu not eovered by tbe afonsaid monthly paymenta. 11. In tLe event oi any bresch of this mortgage or defanlt on tLe part oi the Mortgag~or, or in the event tbat aay of said snms oi mone~r herein referned to be not promptly and fully paid according to the tenor hereof, or in td~e emeat that each aad every tbe stip ul~tions, agceementa ouwd'e~iops, a~d.eoveaaata of said note i?nd t,6is mo ~e, are no6 duly, P~'omP~Y. and fuDy p~[ormed o~ i~ the Mortgag~or be adjudicated bankrupt ot made d~[~endant iA ~ banlcruptcy or receiversbip pmceeding~~ thea ia eit~ or sny such ev~nt, the said aggn- 6at~.w~a arenti~oaed ia asid nate fhenr~a~n~ng unpaid, with inf,~e~eet accrued'tA that tame, and aU mone~ secured:hereby a6s$ beooine due and payable fortLwith, or tiureaftsr~ ~t the option ot aaid 11iortgage~, as fulll aad oomp~et~ly as ii all tLe asid sums oi maney wraae osiginally atipulated to be paid oa sueh day~ an,r- ~hin~in said notb or m this mort~ag~e to the oontra~ ~at~vitLstaading; and thenupon or there~tter, at th~e option of sasd Mortgagea, without not~cs or deanmd~ auit at L~r or in equity~ mar be prosecnted as if all monevs aecured hereb~ lud matured pFior to its institution. 1bs M may forecloae this mortgag~e, ss to tbe a~nount ~o declared ~ue and p~yable, and fhe a~id pnmises shall~sold to satady aad p~y the same tog~ether with uosts~ _~expeneea. and allow~aces. In care oi p~rtial foraclosure ot tius mortgag~, the mortgaged premwes ~ ahaU be sold wbJec~ to the eontinuiog liea ot tLis. awrtgage for tbe amoun~ ot tLe debt twt t6en due and impaid. ~ In auch ca~e t~h~e proviaions of this paragraph msy a~a~n bs ~va~7ed of tbereaf ter from time, to time by the ~ Mortgag~ee• . , 1~: .I~a .w'~i~et bi at~y ooveaaut herein or oi iLe obligi?t~on secured Lereby ah~ll at aay tima tberealter be held to bs~ a wai~ec of tl~s tarmi he~+eo~ or af tbe note aecured bereby. • 13. 'I`he li~a of tbis ins~umenti shall remain in tuII tu~ce and e~ecF d~n~g. ~iny postponement or e:tensioa o~ tLe time o~ payment oi the indebtedness or ~uy part thereoi eecured }ureby. . ~ 14. 1Lis ~rtg~ge is ~ven to secure the purchare money, or a pat tLe:+eof, of tbe lands herein deacribed •ad i~ esecutedtt~~ delivered contemporaneoual,y wish the deed th~eretor. _ 15. If tba Martgaaoe default in any of the e~vea~ats or egr~eanents oontsined hereia, or in said note. tbea tbs Mortgagee may, perfoem the s~me, aad aD espenditurea mcluduig reasonabk sttorney's fees) made by the Mor~gee m ao ~ sLaU dr~w inta~est ~t the rute provzded for ia the prmcipal indebtednees, iwd-a~u~U be repay leb t~Listy (30) ays dtec ~iemand, and, tog~thec ~ritb iaterest aad coats aocrued thereon, s6a11 be secuc~ed by th~ mostg~g~s. ~ . ~ • 18. 'Upo~ tba requeaL oL ti~s M~ag~ ths Mortgag~oe sball ea~ecute and deliver a eappleu?eatal n~ote oc notes tor the snm or sums advanoed bj t6e Mortgage~ for tLe altuation, modernisation, impmvement, m~in- te~anoe, ~ repsir of said pnmises, for tues or aesessments ~gunst !Le aune aad for aay ot~er purpose sutLor- ised hes+eunda. 3aid nota or notes ~Lall be secured hereby on a parity r?ith and as iully as ~i tbe advanoe e~ideaoed tbe~reb~ wee+s iaduded in the note~~~}bed abo~~~,~~aid supplemental note oc notes ~LaU bear ~ ~ ~E ~ - z _ _ - _ . . - Q ~ . , _