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Home My WebLink About1117 ! ~ ; 1 , . , t _i ~ ` • t i ~ ,j ot the Mort~a`se beoon~e !ma?ediatelY due and p~Yable. without notlce. and Prooeedin~s a?~Y M iadituted b~? tA~ ]~[ort- ~a~et Lor tbe raeo~?er7 thereo[ by tOreclasure d Ws Mori~~. or !i? any otAtr waLnet p+sndtted b7 law at tLe ~[oet- ~c+~ my deet. a~tAle~ fs tbe not~ o:1n tNs Mort~aje o~ntata~d to tbe aoatrai7 th~reto Aotwltmt~ad~F Upan tor~- closure o! this Mort~~e. tD~ ~orfia~ ~hall b~ allawad as a part ot tLe lndebtednas secured AersbY. aad th~ Mort- tt~an~tax aeai h~ ~ad tbe exteado~to da~o~~in abdsa~t ~ tl~~tli polteY: ~~~iiuh ~ P~' ln~s are settled betore We ooawanmatlon thereoi or tlee entn? ot ~udgmea< W? weh oosb ~nd e~ess aad other cLar~es so incusred. indudins a reasoaabie attcrnq's fu. shW nevertl~le~s be paW. TM 1[crtsa~e o~' W D~:'LY terest. belns tM 1~hMt bldber. m~ be ~ purehasa':at a~,j? iore~lowe~e ~alt. Aq~ election p1 t~ ~[ort~ as Aa~efa pro- vlded !or mV b exercised iaamedlatet~ vpou deLnlt. oe at aRY tlak tliere~tter. a~ u:+i~tnt slwll b~ oans~+ted to bs a watver oi sucl~ rl~At nnlas wldenoed b1 ~n fm~u~t fn arltla~ to that eQa~t dut~ exacuted bY the l~tortsa~ee. The Mortta~or waiws a11 rl~ht ot twmedaid and e~oemptlon ~ranted b7 tM Donstitutlon and Lawa ot lrlo~id~. AND THS MOItTGAGOli Fl18THTsR OONVEIdANTS AND AGR~FS: L Zb pay tbe prindpal indebted+Kas wlth fatered as in the nott W'ovtded. To W moaWy unto tM Mort~aQee. in addidoa to snd at tAe time ~ad pLoe fae e~ch pqment oi priaetpal and lnterest. an lnstallmeat ot each o! the lolbw- ia~ ch~:'i~es. Taxas and as~ment*. ~eaer~l or apedal. atW all other cl~ar~ea levied or to be levied a~tnst the premises. (b) Premiun~s W became due and paysble for. aad to renew. the insurance on the premi~a s~aind lws by Me and wcb oth~r har~Ns. o~walaes and coatinta~des as hereln provided ior or requtred lrom tlaae to tUne. The amouat a[ tLe rapectlve moatbtY lmtallment~ shell be Mual to the atnount oi tbe ananal respectlve char8e next due (as estimated by tLe Mott~ae), les dl instsltmeats a1c+s~dY P~ ~~oe. divWed b0r the number a[ montNy in- atallnnents tberetor beoosNn~ dne not Lbr tl~att oos month prlo~ to tbe due date a! s~n~ aueh iharg~e aad sbatl be sub- ~ect to inci+we ot decraise to tAe e~ctent requind to create as oi a month~j? p,y~t date aa tbe note not lm tLan oae monW prlor to the due date at aiV an amount at~lde~nt for the p~ment thenwf wrhea dne and payable. In no ~went sl~all:tbe Mort~a`ee recelvh~ snd? P~U~t De 1labk !or aq~ interest an anY amount patd to it as herela rMulred. snd tLe inoney so reoetvM m~Y be held with f4 awn iunds pendins PwYment or applkxtian thereoi as herein provided. 1Le Mort~a~o~ +hW furnfsh ~mto the Mort~e at lea~t ~ttsen d~ys before the due date an oslc4l statement oi the amount a[ W tluoes or araQne~?b aext dn~ aad st~ch Mort~ee sball Py the abu~ve Char~es to tlfe anwunt ot the thes unwed cndit therefor as and whea tDry beoome ~avasall~ dw and payable. The Moitia~ee ma,Y. at !b optlon. Pq? anY oi wch char~s wben pyaWe. dther betore or aiter the~? ar~ ae11n4uent, without notiae. or a~ake advauoes th~retor in e:ons ot the tt?~ ~monnt ot credit t~ dd ~ T'h~ e~x~s amount adva~?oed ahall be immediate~j? due and p~yeble to the Mortgpsee ~d sbaU be ~eau~ed as an additional prlndpal suan under tWs fnstrume~t a~ bear the same rate o! 1nte~at imm date ot advancement as tDe gdadpal indeDtMneas. M omdal reoelpt tLerefor shari be oo~ndudve evidence ot wch paymeat and oi tLe valldity o[ auch aliar~- The Mort~agee m+lY aPPV credib held by it tos tbe atave charges. or anY Part thenwf. ou aocount of any delin9ueat installnaes~ts ot prindpal or taterest or aqq other p~yanents maturin~ or due under this instivmeat and the amount ot credit adstin~ at any Ume shall be reduced by the amount tDereot W~ ~ ~PP~ as hereln pravldcd. Tbe amount of the e~dstin~ credit hereundes st tbe tlme ot ae~ trender ot tl~e DropertY shall without a~nmeat thereo~ luurs to tlfe ba?eflt o[ tbe suooatos o~wn~ o[ ibe propetly aad sball be appliM under and ~bject to all oi the provldons hereoL Upa? the p~yinent in iu11 0! the indebtedneaR the amount of any nnused cndit shaII be Rpplied to the payment thereoL TDe Mortgagee msy oollect a'9ate charge" not to acoeed Lour cents (4c) foi each one dollar (i1.00> oi each moathlq lnstallment p~yment reqWred on the note and under this Mortgage whtch is more than Sitee~ (15> dsys in arrears. to coti*er the extn e~pense tnvolved in handling delin4uent p~ymenta. 1b pay. when pa,ysWe. ari taxes and a~amenb. 6eneral or specJal. water rents and ground r~ts and all other char~es w2utsoever lrvled upon or aseessed or placed a~ainst the Premi~es. ProvWon for wbtch bas not been made herr inbeiore. and will P~DUY deliver the o~dal receipts therefor to the Mortgagee; to likewLe pay all Uuce~, aa~nts and other esat~es. lrvied upon or asseased. piaoe~i or ma~de against this instrunnent~ or tLe fnaebteMeo or anp fnterat oi the Mort~a~ee ia the premises or the obltgatlons secured herebY. Provided that the payment a[ any wch tax aaeea- m~t or chsr~e by the Mort~agor 1s ~at coatrary W Lw or would not result in tbe psynneat oi aa unlawinl rate oi later- est on the lndebtednns hereby secured. In the event af tt~e paseage aiter tbe date o[ th4 imtsument at an0r law oi the State. or sub~vldoa thereoi, wherein the premises are situated. cresting or providing for u~y tax. a~es~neat or charge which by the abave provl~o b nat to be paid by the Mortga~or. the lndebtedness secured henby together with interest due thei~eon, s1ui11, at the optlon oi the Mortgagee. beoome immedietet~? due and psyab~l~ and in the event pe~ynnent there- ~ at b aot made fortbwitn. the Mortgagee may taice ~ cause to be Wcen aucII action or proa~edin~ as n~y be tal~en here- under 1n tt~e c~se ~ at~y other detault in tbe psyment oi the indebtednesa. ~ 3. To kcep the buildiugs and additions thereto on or herea[ter erected or placed upon the lend iawsed against lo~s ~ by fl:r and wch other hesards. casualties aud contin8eadea. lncladtng war dsmages it at aqy tlme s atate oi war exists or ~ 1t appeus to t6e holder oi the note that war is imminent, and in such anwunb snd for atcL perbds, as me~y be requlred ~ lrom tLne to tlme by the Mort~ee. aad to W3~ P~PW? when due all premiuma a? such insursnce. provWon for psy- mei?t oi which 1us aot been inade herdnbefore. The poltdes oi tnsurance sLall have lws pqyable provisbns acceptable to tl~e Mortgagee and aball be delivered to and beld by the Mact~a~ee. or as it m~y direc~, uatil Ws Mort~e is sat4tled. Renewal polides o~ insuranoe. Premiums for which have been laUy pa1d. ~+e to De lurdshed W the Mort~ee at least Siteea d~ys Prlor Lo tbe acplration date ot t6e fnauanoe t8ereby rene~?aa. The iaw~sanoe tbari be wrltten in coaapanles approved by the Mort~agee; in no event shall the Mort`atee be beld rd~pon+dbie for failure to pq~? for any insuranoe written or for any laas or damsge ~ro~wln~ out oi s dete~t la s~U? p41i~Y or ~vins out o[ any Lilure ~~ny insuranoe company to pay for any lass a~ damage inatrsd ~aind. In tLe event oi lw~ the Mort~or shall ~Ive immedlate notke by ma11 to the Mort~agee who mqy make proot oi leo it twt made promPUY bY the Mort~a~or; ead~ insuranoe company oonceraed b. hereby auttari~ed and d1r~Med to make payment for bss d[rect~j? to the Mortgagce lnstead af to the Mort- ~or aM tLe l[ort~a~ee jointly; tLe lnsuranoe proceeds. or W Wrt t6enat. tnaY be apNied b~? tue Mortg:gee. at its optlon. to We expenses. !t aay, incurred by it in tbe oollection thereoi. to tf~e reduction oi tbe Indebtedneas hereby se- cured. to the rest.oraUon or repate ot tbe P~riY ~8~. or rdeased to tbe Mort~a~or wittwut 1fabSliqr ap~ tbe Mort- ~se ior such relwa All pollda oi lnsurance are henb7 ~sid~ned to the Mort~s~ee as additlooal sacuritp ior tbe pay- !11lAL O~ L~l! iOIOf a11d ~IIf~!!'!st 1lCtit'!d ~lll'ldYe ~II vl! CYlIIL Ot ZOl^!C`~QiiUD! Ot u1~f ~OT~'Q O! O~! tt'iOttQ! Ot d1~ t0 UI! pnmba !n ec~~ulshment o! the 1ndeDtedaeas. all sl~h~ tltle and iaterest o! the Mo~or in and to aay itrne~nce polides tbea !n foroe duri pafs to tbe pun~aser or ~rantee. 4. To oomplete wfthtn a ra~so~bk tlme any buildin~ or bulldln~s now or at aay tlnne in the prooes of erection upon LLe laod aad to PromPW? rnPair. restocr or rebutld aqY buildinS or lmprovemeats now or bereatter on the land whkb wMreb~ ~ sh~ll beo~la~ valusbk;~o oan~ with all rnles, reg~latioos. o~sordtawoPa~ ~ove~'n- ~ mental a~enc~ and not vldate oe permit tlie vldadon d to the premises o[ aq~ butlding oe use reatrfctbns: to lceep tbe L~W ~nd improve~ents tbenoa isae lsan mechanlc's ~nd ao~terlalrnea's liens aad w1D uot suser aeq Ws w~perbr to tse lkn created bp tNs lndrua~eat W attaca to or be entoroM a~alnst We pr~es. S. It delautt b~ wudt Ia t1~e D~ ot taies. af~e~nents, 11ms. dalnn. iawra~ioe pre~ntttu» ae aq~ other char~e what~o~ver. ae W P~rt thereot. ot in tbe pertorrnaace a~ W act. W M pafd oc pertorn~ed b~ t~e l[a~tsasae ~n8er td In~~ orm oe a~anner de~ed acpedim?t ~ad W ao~ otbes~snmt tbat 1~ n~awa7 b r~ot~ct t w srauit~ o[ tLb~lnst - ~ a~est: the amouab so pa1d, witL tatere~t thtrem trom t!M 8ate d wxh pqmdit at tlw sam~ rat~ ~s poene b~ tbe n r f a- b0~btedner a~C1le'!d A~t+eb7as~M De ~talIDedfatel~r Q~ awd~p ~~abi~~ a~t~e• P~~mest D~t~ ant110!'iaW ~ be m~ 07? tM YortiaA~ my D~ m~de aooordfn~ to ~ Wn. iRatemeat or estia~te ~A ce proeorad 4+em tb~ appro- aq P~adlo~r or p~rt~ fa~tbr~ot~l[atp~~ a~ll ~~oonehtdve ~ at t~6e ~talid! ~ amo~t ~ i~t~s ~o • tbt Yaetp~ ~11. at ib o~tioq b~ anD~'oPted to arp ~seu~OOe. Iw4 eLtts Qe d~mand. aea to aD tM rf~hb - M~ !ae tM plt~malt t~r~o[. p~W oe ~ wltb t1~ prindpat wtm s~eur~ Ats~b~ oe bp tM 1[ertp~e aM~e t!r pe~oerYlo~s We~ ni w wxi w~+optba rf~Ut~ ~11 b~ ~dAlti~oaal ~od annnlatln ~urib to tW lLoit- 175 ~114 ~ ~ M ti _ - - - - ~ ~ N '~~~TM`:~.~'.~~=5.s.a _ ~~~e~ :