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Home My WebLink About2289 ~ ~ f t ' ~ . ~ . the deficiency. Such payment ah~?11'be m~dl within t~»~~(~) d~ys aftec wri~ten notice Irom the Mortgsgee atating the amount ot the deficiency, which notice msy be g~ivea by mail. It at any ti~as the Mortgagor aha~l tender to the Mort~ag~e in accorda~ce with Lhe provis~ons of the note eecured hereby. IuU psyanea6 of the entice indebtednees repreeented thoreby~ the Moctgegee as trustee ahaU~ in ooinputing the ~moun~ ot such indebtedness, credit to the accoun~ of the Mort{~sgor wny c-redit bslance remaining under the pmvisions ot (a) oi suid ph 2. Ii there ahall be s default under any of the provisioas of this mortgage resulwng in a public e a the premises covered hereby~ or if the Mort~g~gee acquires the pmperty otherwise atter deisult, the Mortgegee as truatee ahall spply, ~t the t~ime oi t,he commencement o[ such proceedings or a~ the time the propetty ia otherwise acquited, the amoun~ then remaining to credit ot Mortgsgor uader of ~ para~reph 2 preoodiag as s credit on the interest accured and unpaid snd the balsnce to ~the principsl then ~ rem~uning unpud on asid ~ote. ' 4. He wiD pp? ~Il i~~oe~„ areMmeats. w~t~ee sste~, a~d o~be:~oveenment~l ce muniaP~l charRa. Sn~e~ oe ~ imPo~tions, foe wLicb provis~oa baa not been mads herelnbetore, wd tn d~wl! thereof tbs Motti~i'~ ~U? PN? ~ a~ane; ~nd tbst hs wW pe~ompt~? deliver tbe o~cial reoeipfi t~6erefot to t6e Mort~agee. t b.~e will penoit~ oommit~ oe euRes no wa~te, impatem~t~ oc det~io:alton ai mdd peoper~r a~ao~rp~ t6a~eoE i emoept re~soaabls we~r and t~eae• ~nd in tbe ev~at ot the tailure of ths Mort~o~ ~~d~n~ on ~ peemise~ aad ywse to bs ereete~ on Mid preonieee, o~ impe~ove~ent~ thereoa, ~n make wcL repair~ a~ ia ita di~+elion it m~y deem neoeeeary for t6e~ru~ pe~eservatton thereo~ ~nd tbe full ~rnount of eaah and ev~ery woh p~yment ~LaU b~ dus ~nd p1Y~ ~~4Y d~?S att~ee dem~nd. aa~ shaU be ~ecured b~ tbe lie~ ct t~Li~ moctp~s. a He will p,y all and einsuLr tLs oosb, aad espease~„ includin~ reaaonsbb Lwye:'s fees, and co~t~ at abst~aats ot tit3e, 3na~ured os paid e?t sqy time b~~ort~ee because of the fWure oa the part of t6e Mrt~o~ ~r s~:d p'~P~ ~ ~ P~~~ ~ts and oovenants d eaid pro~nieeory note and this mortg,a~e~ snd - oosfs, churges, an~ ea~peneer ehall be ~mm~ediat~? dus und p,yabls and .haU be ~ecured by tbe lica of dus mort~e. 7. He w~l oontinuo~ maintiia hassrd 'msuranos~ af ax~h type or t~pes sad anaunts as Mortgages ma~ trom time to time reqttire, oa tbs improvementa now or hereatt~er on ssid prsmises and ezcept whea p~~ment tor all such premiums h~s theret~ofors been made under ~(a) of psragn?Fh a heebof ~e ~vill P4y pmmpt~t~ when due any premiums therefor. All insuranoe s6aU be carried 'm oomP~wes aPPm~e~ b~ bi ~p 9~ and tLe pol~ cies and renewals thereoi ~h~ll bs Leld b~ Mortgagee and bs~a attached thereto loss payaba is cTausee in f~vor oi and in form aooept~ble to ths M In e~ent of loss hs will give immediate notioe by mail to Mortg~gee, ~nd Mar~~ ma~ . naslos pa+oota~~ if no0 mads P~P~T bl M~ga~or. snd a~cb insuraaos oomp~n, o~noerned is-Lerab ~uthorised ~nd directed to mate payment ior sucb loes du+ec to M~~~ i~t~ead o~t to Mortgcgror and ~artgagee joiatly, snd tLa insuranoe prooeeds, or aq~ part there~~may be app7ied by I?1orC- gagee st its option either to We reduction oi the indebtednees hsreby secured or to the restontion or repair oi the proper`j damag~ed. In event of foreclosure of this mo~or other traasfer of title to the mortgaged p~+oper~y in estingu~shment of the indebtednees secured hereby, r~h~, title, and interesti of the Mortgagor in and tio aqy i~uranos policies~ then in foroe sh~ll pa9s to the purcbaser or grant~es. 8. He will not ~ecute or file oi record any instrument which imposes s reatrictioa upon the sale or occu- gancy oi t6e property deecribed herein on Lhe bssis of raoe, o~lor, or cceed. 9. If the premises, or any part thereof~ be condemned under the power oi eminent domain, or soquired for s public use, t.he damag es awarded, the proceeds for the of, or the consideration for svch aoquisi- tion, to the extent of the full amount of the remaining unpa$d~ebt~ednees secured by this mort~age, are hereby assigned to the Mortgagee, and hia heirs or ass~gns, and ehe~ll be paid fort,Awit6 to said Mo r-tg~gee or his ~ee to be applied on account of the last msturing inatallmenta oi such indebtness; provide~;-ho~- ever, the ortgag~e or bis assignee, may st his discretion psy direct to the Mortgagor, his heira or asaigns Any part or all of such awxrd; pmvided, that if the loan is guaranteed or insured, the ooaeent of the guaran- Lor or insurer ia obt,ained in adsance of said ~ment. ain 10. The Mortgagee may, st any time ~en ' a suit upon th~s mo spply.to the court hsvir?~ jnrisdic- tion thereof for the appointment of s receiver, and such court a6aU fo~t~? a~point a receiver of the premises eovered Ler~by all and singular, includin~ all and singular the inoome, profits, ~ues~ and revenues irom vrhst- ever souroe denved, each snd every of vrhich it being ezpresely understAOd~ ia Lereby mortgaged as if apecifically eet fort6 and descxibed in the grsnting an~ habendum cisusee bereof. Suc6 ~ppointment ah~ll be made by I such court as an sdmitted equity and s matter of ab~c~lute right to said ~iortgagee. and wit6out reference to ; tLe adequacy or inadequacy of the value of the pmperty mortgaged or to the soIveacy or insolrency oi said ~ Mor~tgagor or the defendants. Such renta pm6ta, income~ isaues, and revenues ahsll be applied by such receiver soeording to the lien of thie mortgage anc~ the practice oi sueh court. In the event.of any default on the part ~ d the Mortgagor hereunder~ the Mortgagor a~rees to pay to the Mo on demand as a reseonable monthlv renw for the premises sa smount st lea8t eqmvatent to one-tWeUth of t6ea~egs te of the twelve moAthlv ~ inatallmenta payable in the then current year plus the sctual amount of tbe annud t~es, asseaements, ~r,ater ~ ntea, and insuranoe premiuma for such year not oovered bp tbe ~toresaid monthly payments. 11. In the event of my breach oi thia mortgage or default on the part of the Mortgagor, or in the event thst any of said ew~os of money herein refen+ed to be not prompUy and fully pud according to the tenor 6ertof~ ~ ; or in the event that each aad every the stip ulations, agreements. conditions, aad covenants oi said note and t6is mortgage~~+e not duly, prompdy~ aad fully performed or if the Mortgagc?r be adjudicated bankrupt or ~ msde defendant in s bankruptcy or rec~averatu~ proceedin~s; thea in either or any such event, t6e said aggre- : gste sum meptiQned iA sald note tben Iem ' unpud, with interest acxrued to that time~ and all money ~ ~ aecured hereby ahid `become du~ and payab~orthwith, or thereaiter. at the option oi asid 11iortgagee, as fully apd comp~etely sa if all the said aums of money were originally stipulated to be paid on such day~ anr- ~ thing in said note or m this mort~age to the contrar~r notwithstanding; and thereupon or theresiter, at the option of sud Mort~qs~ee, ~rithout not~ce or demsnd, swt at lsw or in equity, mav be pmeecuted aa if all raonevs secured hereby-hed matured prior to ita institution. The Mortgagee may {or8close t~hia mortgag~e. sa to the ~ amount so declued due and psyable, and the ssid premises shall be sold to satis[y and pay the sune together with costs ezpenees, and allowances. In caee of putial foreclosure oi this raortguge, the mortgaged prem~sea ~ ah~11 be so~d subject to tLe continuing liea of this mortga~e for the amounL ot the deb6 not then due end unp~id. ~ In such caee tbe pmvisiona ot this parsgraph may again be availed of thereafcer frnm time to time by t6e Mortgagee. 12. No waiver of any covenaut herein or of the obUgation secured hereby ahull st any time tl~ereetter be held to be ~ waiver of the terma hereof or of tbe not,e secured bereby. ~ 13. The lien of this instrument ahall remain in full focce and eHect during any postponement or ecteasion ~ of the time of payment of tLe indebtedness or any part thereof secured hereby. 14. T6is mo~tgage is given to secur8 the purchsse money, or a put tLereoi~ of the laads herein described ~ and is ~ecuted aad delivered contemporaneously with the deed theretor. ~ 15. It the Mortgagor dei~ult in any oi the oovenaats or agreements cont,ained ~eerein, oc in said note, then the Mortga~ee may pertorm tLe same, and all expenditures ('mcluding ressonsble attorney'a fees) made by the Mo~~ in eo dou~g shall draw intereat at the rate pmvided for in t6e principal indebtedness, snd sh~U be - b pay~ble thirty (30) dsys after denumd, and, together with interest and uosts aocrued thereon~ shall be secured ~ y t~s mortgage. . . 16. Upoa tbe requesL ot tbe Mortgagee the Mortgagor shall ea~ecute and delivez a supplemental note or notes for We sum or sums advaaced by t6e Mortgagee tor the vterswon, modemization, improvemeat, msin- teaanoe, or npair of said premises, for tues or aeeeaements against tbe same and for any other purpose suthor- ised henunder. 3aid note or notes ahall be secured henby on a parity ~rith and as fully as if the advance ~ e~ideaeed thenby were included in tbe ~~fig~~ abo~e. Said supplemeatal note or aotes shaU bear 1 2Z~ ~ _ - _ ~~~Y K~ ~ ~ ~ 4 _ : : ~