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Home My WebLink About1268 ~ • ~ ~ _ i # o! the Mort~ass~ b~com~ lmcaediateV dne aad payaele~ witlwut notke. aad Prooeedin~s m~1Y b~ tnWtuted by th~ l[ort• ~ase~ for tAe reoo~veq tDersol b~? foreclosure oi this D[ort~s~. or in aep otMr manaer perm[tLed by Lw ~s t~t ~[ott- ~are~ rn~' ~kct. WWa~ Is the aote or ia Ws Moci~~ ooaL~ined to the oonteai7 tMr~to notwiWtaadin~ t1pw lora closur~ ot ws f[oresase, ce. Morts.~e. snau b. auowed .s s w?rt at tne maeetea,~as securea ner.br. aaa tt~t`xorc- n~e a~,~ear~cti . t~b~ ~ct~~ndon~to a~a ot~ia a~oi~tlti~w ~polky, r,~am~auea o~i~ciowr~i pr~oosea in~s are settled before the coowmmatioa thereot or tbe entr~? ot ~ud~meat~ W sud~ cosb and ~es aad ot~tr char~es so lncurred. faeludta~ a re~onabi~ +?ttoraey'~ tee. dWl navertbelMS M paid. ~ l[ort~a~s~ or W pary in W- tere~ bHn~ t1~e hithed Wdder. ma~ b~ a p~aMr at W foreciosure aa1e. M,~? electtcn by tM ~[cets~ee ~s berefn pro- vided for my? b~ ate:+clsed imm~lat~4 oe ~t W dnw thawttRr. and aothlnt ~11 b~ ~ to be a watver oi aucn rl~ht uNe~s rvideaoed b7 aa instiva?sut in wrltin~ to th+~t eQect dubr exa~uted by tLe l[ortsa~ee. The Mort~.~or ..dw..n rl~ht a bo~n.~tara .na .~oemp~an srantea b~ the ~o~itnUon .na L.w. oc r~oaia.. AND THS l[OBZ~CA(~ FURTHSR O~NVENAN'1'8 AND AGREF.S: 1 1b py the prindPal indebte~ness wlth iaterat as in the note W'ovWed. To py? montN~ unto tM Mort~a~ee. in additloa to and ~t tUe tlme and plaoe Yor ewL p~annent of piindpal aud latered. an tastaIIraent at ~wch at tt~ follow- . ~(u Tates aad aa~t~ tenera! or apccial. aod W oth~ ehar~es levkd or to be levled asafnd t1~e prezni~e~ (b) Premtums to beoo~ne due and p~yable for. and to renew. the insurauoe oa the pe~emMa a~atnst loa b~ Sre snd aich otAar 1~edt. casualtles aud oanvn~ade+ as l~refn pro~vided for or rsqulrad trwn tla~e to tlme. Tbe amount at the n~pscUw montht~? lnstallnnenb ~A~11 be equal to the amount oi the annwl ns~tive charge next due (as edlmatsd b~ tAe Mart~a~ae). la~a all fastaUinents alcra~? Pa1d therefor. divlded D~? tbe number d monthty fn- svllraenb t~erefar beoom[o~ dt~e not later t~an aoe monW prbr to tAe d~ dRt~e a[ at~ akh cl~ae~e ~nd sha11 be aub- iect to incs+e~se ae decre~se to the e~ctent te4uir~d to crsate as ot a monU?qr p~ymeat date on t~t nots not las than oae aionth prior to tae due date at aq~r wch c~ar~e. aa amount sualdent ior tt~e p~ymeat t~~ whea dne and psyable. in no evest shall t6e Mort~ee reoeivh~ snch p~ymeat be ltable ior aoy lnterest aa ~uq? amount paid to it as heretn reqnired. and the mone~? so reoelv~ed ma,~ be held alth its own funds pendiaa p~ymeAt or applhYttlon tHereoi as hereia providM. The ldortg~or sbW i~unyh unto the Mortga~ee at le~d Stteea da~ys before the due date an omci~l statement o~ the amoaat a[ W ta~oes or a~enL next due. and sucn itott~ape ~11 p~7r the abwt cbar~es to the amouat a[ the thea unused cradit theretor u~nd wt~en tl~ beoon~e sewrall~? dw and p~yable. The Mat8+~8~ ~1Y. at !ts optlon. WY ~uY oi such ehut'Ses wnea pqabie. aitber b~ore ae atter the7 ar~ delinquea~ witl~out notke. or m~ke sdvances tl~erefor in e:oer a[ the thea amo~mt o! credlt tor a~W clsar~s. Tl~e e~ooers amount advanoed sh~II be immedlatet~r due aad payab~e to tbe Mort~~ee and shall be ~ecvred as an a~ttbnal prin~dpal sum under tNs instzvmeat and bear the same rate oi interest irom daLe at adwaoe~t as ths prladpal indeDtedness. Aa oQklal reoelpt tLerefor shall be ~ondudve rvldence oi such p~yment and o[ tt~e valtdlty o~ snch ctiar~es. The ~[[ort~a~ee may app~jr es~edlb hNd by !t for tLe abo~ve chasgea, or a~ part Uureof. oa aceo~nt oi anp aelinque~?t install~nb o! pdndpal or interat or an~r otl~er paymeats mstur[n~ or due under this instivment ~nd the amount of ~rsdlt exlstir~ at aW? Ume sLall be reduoed b~? the amount thereof pafd cr applkd as 6ereia proNWed. T6e airwnnt ot tlie e~tin8 credtt M.reander at the tlme ct aq7 trans[er M the P~rRY shall wfthout adgna~eat theneoi inure to the bene8t oi tbe suooesaor owner at tM properfy and ~hall be appliM undu and sub~ect to ~11 ot tDe provlaions hereol. Upon t6e P~Y~t in full at the indebtednas, the amount of any unused credit s1u~11 be applkd to the payment thereoL Tl~e Mort~a~ee uW? callect a'7ate charge" not to acoeed four cents (4c) fo! each oae dollar <i1-00) af ~ch montlily lnstsllmeat paym~t reqnired on the note and ~wd~ tNs Mortgage which is more tlun ~fteen (]5) dqys 1n arnais„ to caver the e:tra e~cpease lnvolved fn handW~g delinquent p~yments. 2 To pay. whea p~yable. all taues and a~nments, general or speclal, aster rents and grottnd ra?b and W MLer cl~ wbsboever kvled npon, or a~eased or pLaed ~gainst the preani~ea„ proviston for wWch has not been made here- inbetore. aM ~v1ll promPVY 3eliver the o~dal receipb therefor to the MortBa~ee: to likewLe pay dl taxes, a~sanenb and otLer char~e~. levled upan or as~ed. plaoed or made a8~ tt~is instnu~treat~ or the indebtednqs or atqr intrre~t oi tLe ltost~a~ee fn tbe premises or the obltgatlu~s secured herebY. Provided that the peU?ment of aW? snch tax asseas- anent or char~e b~ the Mortga~or b not oontrary to law or would not result in tAe p~y~nent ot an uiilawinl rate oi inter- est on the lndebtedneas hereby secured. In the event cd the passsge atter the date o[ tbis ~Strument at an~? Lw of the 3tate. or subd[vWaa thereo~ wherein the premiaes sre situated, creating or providing for aqy tax. a~at or charge whkh by tlse abo~ve proviso is aot to be paid by the Mortga~or. the indebtedness secured Les~eby together wlth iaterest due thereoo~ ~hall, at the optlon of the Mortgagee. become immedtately due and PsYaWe. a~ ia the ev~t p~yment there- ot is not made toethwltD, tbe MortQagee maY take or cause to be takea such action or prooeedtn~ as maY be taten here- , undet in the ca~e o[ aqy other deiault 1n the psyment oi tae indebtedness. ~ 3. To keep tbe buildings and addittons thereto on or herPwtter erected or pLced upon the Isnd insured against loas ~ b~ tfre and anch othrr harards. ca:ualties and conUngeades, laciudin~ arar danu~ges ii at any time a state a2 war exists or ~ it appears to tLe holder ot the note that war is imminen~ and In wch aawuats and tor auch perfSds. as msy ye required ~ hnm tinae W Ume by the Mortgagee. and to pay promptly when due all premiums aa such fnsnranoe. ProvWon for pay- ment oi which has not been made hereinbefore. TDe polides of inwrance aLall 1~ave loo p~yable provWo~s aooeptable to tLe Mortga~ee end sball be delivered to and held by tt~e Mort~a~ee. _ or ss it may direct. untll thls ~[ort~e b sattmed. ntteen days p~rbr to the exPirstbn date o~~tl~e ~lnsurmoe thereb~~i+eae~~ied. Tbe inwiranoe shall wtl ~ acom lp~t f~es w~rpitt~ or for any l~~damsge ~gmaln~ ou~ot a~defe~ct Pa~ ~~forouLllure~? ~ure ot ~ insurewoe oo~apaq~r to pay for aay loo oc damage inaued againsk In the rvest o~ las the Mortgagor shall gfve immediate notice by mail W tlfe Mort~agee who m~y make proo~ ot loo it not made promPUY ~YY tbe ldortgagor; each insuranoe eompany conaerned h. berebY authorlud and dlrected to maice p~yment tor las direct~y to the Mortgagee instead oi to the Mort- p~or aN tbe Mort~+~ee ~OtaW?: the fnsuranoe prooeed~, or aqj? P~rt thereo~ msy be aPP~ M? ~~o~~. at its ePtion. to t6e ezpensa. !t a~+, lnntri+ed by it fn tbe colicction thereo~ to the ndnction oi the indebtednes hereby se- cured. to the restonUan or repatt a[ the PropertY dams6ed. or rdeased to the Mo~ without lfab~lity upo,n tbe Mort- p~ce for such rdease. All policies oi lnwrance are hereby asd~ned to tLe Mortga~ee as additional secuiit~? for tLe psq- ment e~ the sum~ and intet~est secttrM lurebY: fn tbe eveat ot fot~eclnwe+e of tA1s Mott~a~e or otbet tranaier d tltls to the prembes in ext~uia~nent oi tl~e Indebtedo~. aII rlsht, tltle aad lnterest ot tbe Moet~or 1n aad to a~q? lmunnoe palides then in force sAall pas W tbe pun~aser or ~rantee. 4. To ooaoplrte withfn a reeso~able tline uUr bulldins or baildin~s now or at wy dme fn tbe praoes oi erection upon tLe land and to P~P~b ~r. restore or rebulld an~? bullding or lmprovemeats now or hee+e~tter an tUe Lnd whk~ mq? beoo~ne dam~ed ae be destrn~ed~ aad aoR oo~omtt oe permit to be doa~ oa~ exMt on o~ about tbe prrml~es anythin~ wherebr t6e premtw a6~11 bcoome las valwWe: to coa?p~t~r wlth W lawa~ rules. re~ulations. or oMinanoes a~ an7 ~arasn- R meatal s~ne7 aM not vlolate os permtt tbe vlolatloa as W tbe premises ot aw? buildin~ o~ we restrictionr to keep the ~ W~d aad tmprarm~m4 tMreoa iree trem a~ecbanlNs atW au~terialmea's lleos and w111 not sussr any ~ wperlo~~ to t~e ikn crr~ted b~ tNr Instrum~t to attach to or be enforoed +~sinst tbe preml~ea ` S. If delault be m~de In t6~ parment ot tauer. as~wna~nta, 11~s. dainu. inwr~nce p:+ea~fums os an~r ott~er clur~e wl~at~o~+rrr. ae W Dvrt t~eo~ or in We pertormanca a[ aq~? act. W b~ pald or pertoraied bp tLe l[oetsa~oe uader t~ ~ pnviiom D~t~sot. tb~ l[ortpse~ mq?. at !ts optloa. m~lce pyrmeac thee+eot a~ pa:torm ao~ ad requi~+ed a tl~e l[art~a~or la a~q? form oe manaer dt~ed acpedimt aad WIY W otliee win that !s n~oe~arq to protect tbe s~ateia d tNs lastrl- meat: tbe amaints so pd4, wltb int~rest tb~reoa ~om tLe date o[ wcL pymeut at Ure a~~ rat~ as boen~ b~ t1rpr1n f~8abtedaer ~~are~~ed as~~ aad~p ~~r~W ep~ oetp~• pymeat L~b~ wtl~ ~d to be ~ ao~de b~? tA~ l[aet~a~e~ ma~ b~ m~de ~ooo~lns to aa0? bli1. ~eMat~m at oe a~ttmat~ turni~e~d ue pe~oesterd tcoo~ tM ~ppe+o- pef.t. publ4c o~fo. ae !a. p~*v ~s w~r~t ..~tbo~t mQuL~ inw tbe .ocuraq? or .Wdtb tM~a~ aea tA~ r.odpc a ~ p~b~lte~ ~i+~ ~4 at !ts cD~. ~~P~ 1N4 eW~s ae d~a~ aea ~t~ ~ ~ed ~elUe~ !ae ~ p~?nnsat tb~r~ol. Dafd oe d~arpd wltA tb~ peinelp~l sum ~d h~rab~? oe b~? td ltoet~~~ ~ nad~e N! 0~'o'~Ylo~r ~'aa[. a~d ~ suea w~br~Wo~ rlstit~ sAW b~ addltfoa~l ioa dnnulatM Ma~1f,~ fo ~is ~Loet- P~ , ;M ~ _ ~ ~ - ~II~'- ~~--y-.~~~.~~-~_~«. ~