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Home My WebLink About0291 . ':."~a~ " -~+7 . . . ; , . . the deficiency. Such Payme~t ahall be msde wii4is t~luirt~y (~',~ys otter written notioe ti+oni the Mortg~gee atat,ing the amount a( the deficiency~ which notice m~y be ~ven by moil. It at any tune the Mortgagor sh~~l tender to the Mort,~agee in ~ccordwnce wit,h tha provisious oi the note ~ecured hereby~ iuU pyraaea~ ~i ths entire indebtedneea repreaented thereby~ the Mortgagee as t~rustee shaU~ in oomputing the ~anouat ot auch indebtedaees, credit to the e~ccount ot the Mortg~or ~ny credit balance rema?ining under the provieioas oi (s) oi ssid ph 2. II there ahall be a default nuder i?ny o[ t6e proviaions ot thia mortgsge,resulWn in a public ~he premises covered hereby, or it 6he Mortg~ges ~cquiree the property otherwise ufte def~ul~, the Moetgsgee as truatee eh~ll ~pply, ~t the time oi the oommencement of such proceedings or ~t the time the property ~e otherwise acquired~ the ~moun6 then remainit~g to credit oi Mortgag~or uader (a) ot ~~p~gh u p~ it on the int,erest accured aad uapsid snd tha bslance to i4e priacipsl then i 4. He wiU p,y all tu~oe~, ia~eralent~„ wate!• rster, aed O~lllt~or~ame~nt~al at IDuAldPal ohae~a. 8~ os ! 4npo~itiod. fae whioh p~+oviioa ~s no! beea m~ds L~arein6atoe~s, and in detaul! tl~ee~eat t6s ~[a~~es ayY P~U? ~ i ~ame; aad iba0 hs wiU p~+ompt~r delivee t6s offio~l reoeipts tbee~etor to tbs Mo~t~rs. ; b. 8s wIll peemit, eommit, a~ su~ee no wa~s. imp~irma~t, oe dat~seioea~ian ot ~aW pe~opeel,jr Qe tb~eeeoi ~ e~ooept re~ooabie we~ and te~ar• and ia t6s a~ent ot tbs ivturs of tbs M~a~or to beap tl~e os pe~emi~e~ aad tha~e ~o b~ ~ oo Mid p~emire~, oe impeevaa~eofs ~ereoo, in-`ood repair tbsbM~o~t~es m~i~r maioe w~a6 repiie~ a~ is ii~ di~oratioa it may de~an a~eoe~ry io~ tbs~p~ope~ pe~e~ervation t6erao~ ~nd tbs ull-amoua! ot aob aad every w~o~ p~ymeai ~aD b~ das aad P~U?sWs thirfti~? (~v) d~ dt,er demand, an~ th~ll bs ~ecured bp? ths liea at t~6is moet~s. ~ r d. He wiII p~y a11 ~ad ~In~uLr t6s o~it!„`bl~i~and ea~pe~ee~, inoludin6 reasoosbls hwysr's fees,, aad oodt at ~b~tno6r et titk, incurred or paW at aqy ~s by ort~ee beosuse of tLe iailure on tbe ~rt oi the Morta,~aoe prompyy aad to partoim t6s apeem~ents and oo~eoaah at ~aid pcomieeory note aod this mor~~, and - a~~, ~~hall bs immedit~eb dus aad p~raWe and ~hall ba see~red by tbe lien of tbis anoct~~e. ~ 7. He wiIl oontinuum~ anain4in basard iawranos, oi anch t~pe or t,~pes and ~mouats ss Mortg~g~es ma~ ' fi+om time to time require, op ZLs impro~e~epta now vr bereaftet~ on said p~ wd eucept when ior all wch premiums Las therstal~ ~en.msds.nnder oi par~graFL Z~ereoi he wiU pay pmmp~mwh~ dns an~ prear~iums tberetor. AD insuranoe shad bs ~ ip oamP~~ +~PPro~e~ b~ 11i rt~a~,s and ~ poli- cies and renewals tbenof sLall be Leld b~ Mortgagee and Ls~e aLtached t~Lsreto lo~s payable cTauses in i~ror oi ~nd in form aooeptabk to tbs M~~~ In e~ent oi bes hs will gi~e immediate notioe by mail to Mortgages, aad M ~ e mU m~ios ps+oot it not m~s P~PW b7 Mortg~Or, and e~ insnr~aoe oompanJ oonoeraed~is er~eby~ aut6ori~ed aod direeted t~o mak~s p~ymeat iar wch las d~e+ec to nat~d at Lo Mortgegor and Mortgagee jointiy, and tLe insursaos pmceeda~ or aa,~ part t6ee+e~~ ma~ be app 'ed by 111ort- n at its opt~inn either to tbe reduction oi tLe indebtednees Lereb~ eecured or to t~e restorstioa or repair o~ properi~ dama~ed. In event of foreclosurs of this mo~or other tnnsier of tatte to the mortgag~e~ p~p~~, ia eztingmshmeat oi the indebtedness secured Lereb~, rigLt, title, and iaterest oi the Mort~a~oe k in aad tio an~ i~uranoe polici~es~ tben in foros sLall pass to ths purcLasar ot grantes. . 8. He ~ill not e~zecute or fila of record ~ny instrament which impoeee ~ reatriction upon the sale ot oQou- pancy of the P~P~Y described herein on the basis of raoe. eolor, ur c,e~eed. . - 9. If the premises, or eny pa~rt theteof. be oondemned under the power oi eminent domain, or sdquired for a public use, t.he damages ewarded, the proceeda for thetsk~ng of, or the considerstion for snch aoquiai- tion, to the eatent of the full amount of the remaining uapu'd-indebt,bdae~s secured by this mor'~age , are hereby a s s i g ned to the Mor t g a gee~ and his heirs or a s s i gns, and ahall be psid forth~vith to soid Mo - or hia ee to be applied on account of the lsst matunng installmenta of such indebtaess provided~~ o~. - ~ ever, the ortgsgl?e or his sssignee, may st his discretion pay direct to the Mortgagor. Lis ~eira or aasigns sqy part or all oi auch ~?ward; provided, that if the losa is gnaraateed or insured, t6e uonsent of the gvarsn- tor or inaurer is obtaiued in ad~ance of saidp~ymen~. 10. The Mortgagee m~p. a~ aqp time ~ea id ng ~ suit upoa fms mQrtgage~aPP1.Y,to the oourt havin~ jurisdic- tion thereof for the appointmen~t of ~ rtueiver, and auch oour~ shall f rtb~n -a~point a receiver of the pe~mises ~ oovei+ed Lenby aU and singular, includin~ all and sing~il~r !be inoome~ profits, ~ssues~ and revenues from ~hat- ever soue+ce der~ved. each and every ot ~ch it~~ espressly nnderstood~ is hetaby mortgag~ed as ii ~ecificaUy set fortb and described ia the grsniingran~ Daben~um clauees hereof. Such appoidtauent ehall be made by auch oourt as an admitted equity and a matter oi sbeolute right to said Mortgsgee, and writhout reference to the adequacy or inadequacy of the value oi the pmperty mortgaged or to the solveacy or insolvency oi said Mo r or the de~endante. 3uch rents, pm6te, income~ isau~, snd revenues ahsll be applied by such receiver ao~o~ ~o the liea of t~is mortgage aad t6e pnctioe of such oouri. In the event of any default on the put ot the Mortgagor hereunder. the I~iortgagor a~reea to pay to the Mor on demand as s reaeonable monthlv rei?tal for the pcemises aa unoun6 at leaet equivden6 to one-tweltth oi thea~gs te oi the twelve monthlv , inatallmwts pay~?ble in the then current yeu plus the sctual smount of the annuol ta:es, asseesmeats~ wst~er rates, and insuranoe premiams for such year not o~vesed by the aforessid montWy psyments. 11. In tLe event ot any breach of this mortgage or default on ttie part ot the Mortgagor, or in the sveat ! t~ut any of said sums oi money herein nferred to be not promptly ~nd luUy paid aocording to the tenor hereof. ' or in the eveaL that each md evexy fbe stip ulations~ agreemeats oonditions, aad ooven~nts of 4aid note ~nd ~ this mortgage, ara aot duly, P~mPVY. aad fuily performed or i~ the Mortgagor be adjudicsted bankrupt or ~ made detendmt in ~ baukruptcy or reoeive.~hip proceed' • tLan ia ~ither or. any auch event, the said.aggre- gate sum mentioned in said note thea nm au'ung unpaid~th intereat a~xtued to that time, and al! money ~ecured h~reby ahall becorae due aad payable iorthwith~ or tberesit,er, ~t tbe option ot said I?iortgagee, as iully aod oompjetely as ii all the said sums oi raoney were originnlly stipulated to be paid oa auch day. anr- ~ thin~ in said note or in this mort~age to the oontrar~ noL~rithstauding; and thereupon or theredter,.at the option ~ of sud Mor , without notics or demu?d, suit at law or in equity, mav be proeecuted es tt all moneva , ' eee~red herebylu~d matue+ed prior to ita institution. The Mor raay ~oreclose this mortgage, as to the ~ aawuat w declared due and psyaWe, aud ths said pe~mi~es ahall~soW to artisiy aad p~y the siune tog~ether i witL ooats e~sperues~ ~nd allowanc~s. Ia cw ot partial foreclosure of this mortgag~e, the mortg~Bed P~'rmises F shall be w~d wbject to the oontinuing liea ot t,his mortga~e for the aawunt of the debt not then due and ~wpuid. E In such ca~s tbe proviaons of tLis paragnph m~y a~ain be avs`led oi t6ereJter irom time to time by the ~ Mort~agee. • 12. No waiver of m~ ooveasat henin or oi tLe oWiga~ia~n secured he~eby shall at ~ay tiaae t6ereatter be ~ Leld ~o be a ~?aiv~ of t~?e t~erms bereof ot of tbe ao+R secured Lese~y. , E 13. TLs lien of this instrument ~hail remain ia fuU foroe ~ad e~ec~ during any postponement or ex~nsion ~ ot tLs time ot paymeat ot tLe in~debtednas or aay part t6ereof secured he~by. ~ 14. T6is ~~i~ea to aeeure the purc6s~e money, or ~ p~rt tLereol, ot tbe l~nds herein de~cribcd aod i~ eseeuted~~elivee+ed oonteunporaneouely aith tLa deed therefor. ; iS. It tbs Mortgagar default in ~ny of the cove~ats or ~gr~ements ooutained haein~ or ia ssid ~wte, th~en ~ tbs Mortga~e may perform the same, and all expenditures ~including trason~ble attorney's fees) made by the ` M in s~~~ ahall dra~r iaterea~ ~t tbe rate prnvi ed tor in the principal iadebtedne~a. and ~haU be ~ b P~~tbisey (30) day~ dter demaad. aad, togeth~r Mnth interat and eosta iocsued thaseon. shall be secured , 7 uark~R'e• 18. Upm t6s request ot tbs Moct~~ t6s Mort~a~or shall eacecuts aad delive~ a snppkmentsl note or ~ note~ tor tbe snm or wms advaaced by tLe Mortgagee for tbe alteration~ modernisa~ion, improvement, m~in- ~ t~eoanos, or np~ir ot said premises, for taxea or areasments against t~e saane aud for an~ other purpoae autltor- ~ iaed h~e~enader. ~id note or not~ea aba11 ba secue+ed henbp on s parity w?ith and ~s tully as tt tfie advance ~ ~~ideaesd tbee+sb~ we~rs iaduded ia t6e note 6est de~xibed abo~~. Said supplemeat~ab shall be~r ~ ~ i?7 ~ 2~~i a~ ~ ~ ~ - - ~ ~.r-- ~ , ~ Yan'~' ~•..~"~c,r - ~ ~ . 1