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Home My WebLink About1565 ~ 3 the deficie~cy. Such pay ment ~1?all~~itiade'wit~ ui~u~y (30) dsys attee written notice tro~n the ~Sortgagee : stating the amount oi the defici~nc ~?fiich noricb m~?y De ~ven by mail. If at any tima 4he ~lortgagor ~ sha~! tender /o the Mortgngee in secordance with the pcovisions ot the note secured hereby, Iull payment ; ot the enl,ire indebtednees represe~?te~ thcreby~ the 1liortgagee us trustee shall~ in oomputing the amouat ot ~ such indebtedness~ credit lo tt?~ accoun~ of the ~iortgagor any credit balance reraeinin uader the pravisiona o[ (a) ot ssid paragrsph 2, it there ahaU be s default under any ot tha pmvisions oi ~is mortgage,resulting ~ in s publie sale o[ the premisea covered hereby, or it the ~tortgagee acquires the property otherwiee ~ftsr detault, the Mortgagee as trustee ahall spply~ at the tame ot the commencement ot such proceedinga or st = the time the pmperty is otherv?~se scquired, the amount then remaining to credit of 1lortgagor under (a) of ~ para~raph 2 preceding aa a credit on the interest accured and unpaid and the balsnce to the principal the~ ~ remauung unpaid oa aai~1 ~~ts. ' 4. He wW pwr ~D ta~e~, ~ta. wat~ee ~ste~ sod ofbear~o vernmeatal or munidPd eh~*~es. 6nAe. or ' lmpoait~ons, fot whieh pe~ov~don bas not been msde Lereinbefore~ and In defsult thereot tbs Mo~t~'ee m~1Y PU ~ ~ Mme; ~nd tLat be will pe~ompt~y delivec t6e o~'icia~t reoelpta lbereior to tDe Moit~es. ; b. Hs will permit,. oommil. oe a~ee no w~e. imp~me~~ or deterior~?tion of s~id propert~ ocaq~r p~tt thereot e~oept re~soaubb weae ~nd t~eas• aad in t6e even; oE tbe f ure of the Mort~or to keep tbe ~uildin~ oa eai~ premiea aod tbaee t~o be eeect~e~ on aatd preanisee, o~ improve~nwts thereon, in sood npair tbe Mort6aaee miy? m~lr~e eueh repain a~ in its discretioa it may deem neoeeeary for tbe P~'~P~ P~n?ation thereo~. ~nd the full amount ot eaah and every weh p~,yment ~6all b4 ~~M ~Ad P~Y~ ~Y ~ ait~er demand, :nd ~aU bs ~ecured by ths tiea at this morta~s. i~ a He will pay ~11 and ~ ein~ilar thi oo~l~, clhar~e~; .~nd espenses, includin~ reaeonsble Lwyec's fees. ~nd oostt ot sbtracb af titla, inau:red or p~id st any time by tbe Moit;aaee becauee of the failure on the p~rt of the Most~or ~ P~'~P~Y and~y t~o pettorm the a~ee.~nents and oovenant,s of said promiaeory note and this mo . and aa:d ~ oosts, char~ere. aad e~penees e~U be imm~ediats~r due and p~ysbb and ~hall be seeured by the lien of~mortga`e. 7. He wiU oontinuous~ maintain hwra iffiunnce, of such type os t~pes and umounts aa Mortgsges au~ trom Lime to time require, on the impa+ov~ement~s no~ or hereattsr on said gr~miaes and e.rcept ~vhen paymeat tor all such premiums Las Weretofore been made under oi p~ngraph 2 hereof ~e will pay prompWy rvhen due any premiums therefor. All inaunuoe ahall be car~ in oompanies sppmve~ by 11io~ snd the pol~ ~ ciee and renewals thereof e6all be beld b~ Mortgagee and hsve attached tLereto loes payable c. wes ia iavor of snd in form a~oceptabb to tbe M In e~enti of loas he will give immediate not~ce by mW a Mortgagee, : and M m~,~ make ,proo~ it noti made prompt~j b~ Mortg~g~or, aad each ins~ranos compaa~ tl,y artg~ ead ooncerned~ereb authonsed and directed to make payment for suc6loea dirsc t~o M t~ead ot to Mortgcgor aad ~ortgagee 'oinvy , and t6e inauranae pmoeeds, or aqy part there~~ may be app ' by 1?ior~ ~gee at its option either to ~e reduction oi the indebtedneee hereby eecurad or to the restontioa or repair of the property dsma~ed In event oi foreclosure of this ~ mortgage or otLer transier of title to tba mortgsg~ed property in estingwahment of the indebtedness secured hereby, ail right, tide~ and interes~ oi the Mortgagor ia aad to an,~ insurancs policied thea ia foroe a6a11 paes to the purcLaeer or grantee. 8. He will not ezecute or file oi reoord any inatrument which impoaes a restriction upon t.~?e sale or occu- ~ pancy oi the pmper6y deacribed herein on the basis of nce, eolor, or creed. 9. If the premises, or any part thereof, be condemned under tLe power of eminent domain, or acquired for a public use, the damsges awarded, the proceeds for the taking of, or the consideration for auch aoquiai- tion, to the extent of the full amount of the remaining unpaid indebtedness secured by this mortgage, are hereb~• assigned to the Mortgagee..and hia heira or assigns, and shall be paid forthwith to said Mor-t~ agee or his assignee to be applied on accouat of t6e last msturing inatallments of such indebtness; provided~~o~- ever, the Mortgag~e or h~s assignee, may at his discretion pay direct to the Mortge~g~or, his heira or sssigns an3 part or ell of such aw~rd; prnvided, that if the loan is guuanteed or inaured, the oonsent of the guaran- tor or inaurer is obtained in advance oi saidp yment. TI 10. The Mortgagee may~ st any time ~end'msg a suit upon tws mor a~e, apply to the co.urt hnv~r?~ j~irisciic- tion thereof for the appointsnent oi s receiver, and such cour6 shall for vhth a~pouit s receiver of the premises eovered bereby sll and singulu, includ'u~ alt and aingulu the inuome, profits~ ~uea, and revenues from ~~hat- ever eouroe denved~ each and eyery of v?-luch i~ being ea~pressly underatood, is hereby mortgaged as iE specifically eet forth and deacribed in the grsnting and hsbendum clsuses hereof. Such sppointment a6a11 be made bv such court as an sdmitted equity and a matter of abaolute right to said Mortgag~ee, and without reference to the adequacy or inadequscy of t6e value of the property mortgsged or to the solvency or insolcency of said biortgagor or the defendants. Such rents, profita, income~ ~ssues, and revenues ahail be applied by such receiver acoording to the lien of this mortgage and the practice of sucL court. In the event of any defsult on the psrt of the 111ortgagor hereunder~ the biortgagor a~rees to psy to the :1~Io on demand ae a reasonable monthlv ' rental tor the prem~ an amount at least equivalent to one-twelith ( e) of thea~e~a te of the tweive monthlv ~ inatallmenta paysble in the then current year plus the actual aanoun6 of the snnual tdres, ~seesements, water rates, aud insurance premiuma for such year not oovered by tLe sfoc~esaid monthly payments. ~ 11. In the event of any bresch of this mortgsge or deisult on the part of the Mortgag~or~ or in the eve f thst wy of ssid sums ot money hereu~ reterred to be not pmraptly and fully pud accordtng to the tenor hereo ~ or in the event that each and every the stip ul~tions~ agreements. conditiuns, snd coven~nta of said note aad this mor~~ are not duly~ gmmpdy~ and fully per[ormed or if the 1liortgagor be adjudicated bankrupt or m~de defen ant in s b~nkruptcy or receivershi~ proceedinga; then in either or any ~uch event, the said aggre- gate sum mentioned in said note then remainwg unpsid, with interest accrued to'th~t time, and all money secure~ hereby. shaU become due ~nd psyable forthwith, or thereafter~ at the option ot said I?foctgagee~ as ; lully and completely sa ii all the said sums of money wer-e originally atipulated to be p~id on such dsy, ant - ~ Rhing in said note or in this mort{~sge to the contrar~ notwithstandmg; and thereupon or thereafter~ ~t the option ~ ot ea~d Mor , without not~ce or demi?nd, swt at law or in eqwty, msv be proeecuted as if all moneva t~agee ?n secured hereby 7?ad matured prior to its institution. The Mortgagee msy toreclose thie mortgege, as to the amount eo declar~ed due and payable, and the s~id premises shall be sold to satiaty and psy the same together with costa ezpenses. and allowances. In c~se oI parcial foreclosure oi this mortgsge, the mortgaged pmm~ses ~ ahall be so~d subject to the continuing lien o~ this mortga~e tur the unount of the debt not then due ~nd ~mpAid. ~ In such case Ehe pt+vvisions of LLis puagraph may ~gun be availed oi thereafcer from time to time by the R Mortgagc~. 12. No w~~iver oi any covenmt henin or of the oblig~tion eecured hereby shsll ~t any time theresRer be held to be • waiver oi the terms hereoi or of the note secured Dereby. t3. The Uen of this instrument ahall nmsin in full iorce and eHect dwing any postponement or extensioa oi tbe time oi psyment oi tiu indebt~edness or aay put thereot eecured hereby. _ ` 14. This mor age is given to secun the purrhase money, or a part tbueoi~ o[ the landa herein described = as ~ad ~ esecuted ~n delivered oontemporaneoualy ~vith the deed t6eretor. I5. It the Mortgagoc default in ~ny ot the oorenanta or ~greements coatained henin. or ia said note~ then tbs Mortga~ees may perform the same~ and all e:pendilures (includ~ng reasonable attorney'e iees) made bp th~ n M rtgagee ~n so dou~g shall dr~w intereat at the rate pro~ ided for in the principal indebtedness, ~nd ahsll t,e npa~ abls thirty (30) da}rs dter dema~?d~ and, togetha with interest sad costs accrued thereoa, sh~ll be secured b, Id. Upoa the reque~t ot tbe Mortgag~e the Mortgag~or aha11 e:ecute and detiver • aupplemental aote or note~ for tbe sum or aums advanced by the Mortgagee tor the alter~lioa, modernisation, improvement, main- t~aanoe. or npair oi said premises, for wces or a~sesernents ag~inst the aame and tor any other purpoae autbor- ; ised ~nunder. Said not~ or notea ~h~U be secured hereby on • p~rity ~vith and ns Iully as ~t ti~e advance ; evidenoed tbee+eb~ wa+e iacluded ia tbe pots first de~cribed ~bo~e. S~id supplemental note oc aotrs ~hall bear ~ ~ ~ 1'15 15~ - - - `b~~~_ 5 w ~ ~lb:~_