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Home My WebLink About1339 , Y ~ ' ~j~ . the deficiency. Such payment ehaU ~e wi~i~ii~y (30) d~ys ~tter written notice Ieo~n the Mort.gsgee etating the amount o( the deficiency~ which notice me?y be given by m~il. If at sny time tha Mortgagor sha~l tender to the Mortgagee in accordance with the provisions of the note secured hereby, tull p~yment ot the entit~e in~iebtedneas repreeented thorcby~ the Mortgagee ae trustee ahaU, i~ oomputing tha smount ot sucb indebt~cdnese, credit to the account ot the Mortg~gor sny credit bslance remeining undet the provisioas ot ot s~idpsrgr h 2. Ii there ahall be a def~ult uader uny ot tha provieioas o[ this a?ort~gage resulting in ~ public ae~ sl oi the premises covered hereby~ or it the Mortg~gee acquires !he property otherwiee utter default, the Mortgagee as truetee ah~Jl apply, at the Eime of the ooaimencement ot such proceedinga or st the time the property is otherwise scquin~d, the amount the~ rem~?ining to credit of Mortgagor upder of psrsgrsph a preoeding as s credit on the interest ~ocured and unpaid ~nd the bslsnce to ~ha priacipa! then remuning unpaid op said note. 4. He wiII pyr aR ta~e~. aserment~. wat~ee rat~ asd otbee pv~nmental ae mnaidPd c4aRa. 6aer. or imPodtions. f~ wbie6 pe~ovieion 6as not beea m~ds Lee+einbetore, aad in d~wit tbereoE tbs Mortp~ee m~Y Py ~ ~ams; ~od tbat bs will pe~omptb? dei~v~err tbs o~aiai reodpts tber~for to t6s Mo~t~es. b. He will petmit, oaamit, oc w![ec no wa~. impairmea~ a dete:ioratioo of aatd propet~ oeaqy thee~eot ezoept re~soosWs wear aad t~s• wd ia the ev~at of t~6e f nrs ot tbe Mor~or to keap t,Le build p oa eai~ p~emi~e~ ~a~d tbo~s tio bs erecte~ aa rid pt~ea~i~e~, oc impe~ove~eat~ theceon~ 3a ~ood npa~r ths Mort~'es mu~? m.1oe .~oh rsp.in ia ia d~re#ion it m~.deean aeoe~eary far tbe propee preservatton t6erco~~ ~nd tbe fuD .moun! of eroh and every w~o6 pRyment ~il b~ dus and plYabis t~et~ (80) d~ dt~er demaad, aad ~6~11 bs ~ecured b~r tbs lie~ ot ihi~ moclp~e. 6. He wilt p~,y sll and ~ndular ~ oq~ aad aacpe~e~. includin~ reasoaable 4wyec's fees„ i?nd oo~ts ci ~bs4aoss oE t~tle, inourred or at any timelyt~ort~ee beauee ot the fsilure on the paet ot the M n Pe'anpt~p snd to pe:to~m y aad o~venaat+e oE aaid pe+omies~ry aote and this anort~a~e , ea:d ~e~e~ d~aii bs ' due and p~yable ~nd eh~ll bs secured by the lien of t~is mort~,~~e. 7. He will ounti~iwu~ tain ~sard insnranoe, ai snch t~pe or~jpes and amouata as Mortgages au~ irom time tu tims rsqun+6; on~imp`+~~etneab now or hee~e~iter on asid prsm~ses~ aad exoep~ wbea p~yment tor all such premiums Las tLeratofora been made uader (a of paragn~h 2~ereof he will p~y promptly w6eu due aq~ premiums tLee+sior. All inaur~aoe shail be ~ in oomPan~es aPPmve~ b~ I~io and the poli- cies and reaewab tLereot sLall bs Leld b~ Mortgagee and_h~~e attached thereto bes p~~ab~»ses ia i~vor oi and ia form aoeept~bls to tbs M In e~eaL os bes he will give immediate notioe by mW to Mortg~ges, and Mosi~a~s m~y ma~e p~roota~~ ow is noti mads P~'amPy7 bl Mort6a~r. snd e~cd insunaos oompaa~ oonoeraed "n~ Leceb wtLori:ed and directed to make p~yment for auch loss direct~j to Mor~a~esed b t~d d t~o Mortgcg~ur and ~ortgagee joinlly, and the insur~noe Prooeeds, or aqy part tLere~i auy be appli y I11ort- ~agee s~ its option eifLer to tbe reduction oi tLe indebtedaees hereby sec~u+ed or to t~e restontioa or re t~s p~c+opestij dama~ed. In event of foreclosurs oi t~his mo~or other tnasier oi title to the mortg ~aged p~+o~ in extingu~hment oi the indebt~edness secured Lereb~, right, title, and interesti oi tLe Mortgagor in and ~o aq~ insuranoe policies~ tLen ia foroe ahall pass tio t6e purchasar or grantee. 8. He wilt not e~ecute or file oi ncord any inetrament which impoees restriction upon the sate or oocu- P+~~Y oi the property described 6erein oa tl?e basis oi nos. oolor, or c~reed. 9. If t6e premises, or any part thereof, be condemned under the power of eminent domain, or soquired for a public use, t•he damages awerded, the proceeds for theta~ung of, ar the consider4tion for such soquisi- tion, to the extent of the tull amount of the remaining unpu"d indebtednees secured by thia mortgage, are hereby assigned to the Mortgagee~ and his heirs or assigns, and e6sll be paid forthwith to said Mort~egee or hie seeig~ee to be ~pplied on account of the last msturing iastsllments of such indebtnese; provided~-hoc~- ever, the Mortgagbe or h~a aasignee, may st hia discretion psy directrtp the Mortgag~or, hia heira or assigna any part or ell of such awacd; provided, thst if the loaa is guaranteed olr inaured, the oonsent of the guaran- wr or insurer ia obtained in advAnce of es~idp yment. 10. The Mortgagee may, st an t~ime ~end'm~g s suit upoa tWa mo spply.to the court hsving jurisdic- y me tion thereoi for the appointment of a receivet, ~ad such court sball f wtt~ a~pou?~ a receiver o[ the premises oovered Lenby ~ll and sing~ular, includ'u~ all and singular the income~ profits, ~ssuea, and revenues from ~rhat- ever souroe denved, each and every of v~luch it being e~cpreeely nnderstood~ is henby mortgag~ed ~a ii apecific~Uy set fort6 and deecribed ia the granting and hsbendum cl~vees bereof. Such~ appointment shall be made by ~ such court as ~n admitted equity aad s matter of sbeolute right to said Mortgagee, md ~rithout reference to t the adequacy ~r inudequscy oi the value of the pmperty mortgaged or to the solvency or insolvency of said ~ Mo r or the defend~ts. Such rents profita~ income, ~ues, and revenues shall be applied by such receiver aoco~~ to the lien of this mortgage an~ the practice of such oourt: In t6e event of any defsult on the part ~ d the Mortgagor hereunder~ the hiortgagor a~cees to pay to the Mo agee on demsnd ae a reasonable monthiv rental for the premises ~n amonnt st least equivalent to one-twelfth ot thea~ega te ot the tarelve monthlv ~ installmenta payable in the then current yeu plus the actwl amount of the annual ta.~es, aseesementb~ water s ~ ntes, aad inauranoe premiums for such year not oovered by the aforesaid monthly payments. 11. Ia the event ot any breach of tbis mortgag~es or default on the p~rt of the Mortgagor, or in tLe event tLat any of said sums of money henin refened to be not promptly snd tuUy paid scc~ording to the tenor hereoi or in the eveat that eacL aad eve tbe atipulations, agreement,s, co~ditions and oovenants ot ssid note en~ t6is mortgage~~+e i?ot dul7. PromPdy. aad fully performed or if the Mortgig~or be adjudicated baakcupt or made defendant in a banlcruptcy or t+eceivushi~ prooeedin$sR the~ in either or any auch event, the aaid aggre- gate sum mentioned in said nota thea nan unpaid, ~nt6 intenat acixued b that time~ and~-all money secund hereby sh~ll beooma due and payab~orthwith, or thereafter, at the option oi aaid I1iortgagee, as fully aad oomp~etely as it aU tbe said sums of money were originsUy s~ipulated to be paid on such day. ant - thing~in said note or in this mort~age to the oontrar~? notwithstanduig; and t6ereupoa or there~iter~ at the option ot said Mortgagee, without noteoe or dem~ad, swt ~t law or in eqwty, mav be prosecuted ~s if all raonevs secured heceby 7i~d m~tured prior to its inatitution. The Mortgagee msy foreclose tbis mortgsge, as to the amoun~ so declared due and payable, and the s~id pnmises ahaill~e soW to_~atisfy aad psy the sanu to~ether with costs espenses~ and ~llowances. In caee oi partial toreclosure of tbis mortgag~, the t~Mgwged premisea ~ ah~ll be soid sub~ect ~o the continuing lien of this mortgag~e for t~he amount of the debt not then due ~nd ~mpuid. ~ In such cass t~e provisions oi this puagr~ph may agsin be availed oi tlureatter imm time to time by the $ Mo ~ lr 2 No wsiver oi aa~ ooveuaat huein or of the obligatioa secured hereby ahsll ~t ~ny time there~iter be held to be a w~iver ot tba terms hereoi or ot t~he note secue~ed henby. 13. Ths lieit oi this instrument alull nmain ia full fonx and ettect dwing any postponement or extensiou ~ o~ tLe tiau o! puynun~ ot the indebta~ness or aay par~ thereof ~ecnc+ed henby. 14. This ~ot~sg~ is given b aecue+e Lhe purchase money, or a p~rt tbereoi~ of tbe laads hereu? described aad ir e=ecuteda aad delirered eontemporaneoualy wnth tLa deed tLerefor. ls. Ii tbe Mortgsgor defsult in ~ny of tbe ao~eaants or agre~ments oontained hea~ein~ cr in s~id note, t6~a the Mortga$e~e may, per[orm the same, aad all espenditures mcluding re~?son~ble a~torney's tees) made by the Mort~a~,a m~od~u~ ~~hsll draw interest at the rate prov~ed for in the principal indebtedne~, and shal! be b pay~?ble thirt~ (30) aaps atter dem.nd, aad, Lo~ether witL iaterest snd oosts a~ocrued tLueon. shalt be secuced ~ thi~ mart~~s~s. 18. Upoo tba requast ot tbe Mo~ga~e~s ths Mortga~or siull eacecuta and delivec ~ wppkmental pote or aote~ for l~he 4um or suaos advaaoed b~ t6e Mortgagre tor the altention~ moduniz~tion~ improvement, maia- j tenaaoe, or npair ot wd premis~s, for taxes or are~smenta againat tbe same aad for an~ other purpose ~utlior- i i:ed 6~+eunder. Said note or notes ahall be secw~ed henby on • parity writh and as tuUy as d the advance i e~ideooed tbee~ebj we~e+s iaduded in the note fint de~eribed ~bo~e. 3aid supplemen i ee+s d~01Nt ~~PA~f - - - - ~ _ . t - -