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Home My WebLink About0241 ~he deficiency. Such pay ment shnll ~~~~e withi~,t~i~ t~? •(30) daya dter written notice fe~om the Mo~tgagee atating the amou~t o[ the deficiency~ `whioh notice tha~r be given by mail. It et s~y time the Mortgagor she~l tender to the `iortgagee in accorda~ce with the proviaions ot the note aecured hereby, tull payaaent of the e~tite indebtedness cepr~ented thcreby~ the I~4ort.gagee as truatee ahall~ in oomputing the smount oI such indebtedness. credit to the account of the MortRag~or s~y credit balance rernainin under the prnvisiona ago oi (R) o[ said putagraph 2. It there ahell be a defxult under any ot the provisiona ot ia mortgage reBUlti~g in s public sale oi the preniisea covered hereby, or it the Mortg~gee acquires !he property otherwise ~ite~' detsult, the Mortgagee as trustee ahall spply~ at the time oi the commencement oi such proceedings or st the time the property is otherwise acquired, the amount then remaining to credit oi Mortgagor under (a) of para~raph 2 preceding aa a credit on t6e intereat accured and unpaid artd the batance to the principel t6en cemi?tnmg unpaid on esi~i ~nte. 4. 8e wID p,y a8 ta~ee, ae~e~eab, wstet nta. aad ot6er~overnm~t~l as muntcip~l ch~e'~. 6ae~ or imPoeitions. far which provieion has not been made hereiabetore, and in deiaul~ thee~eot tbe Mat~~ee ma,Y Py? the ~ame; aad tbat l~s will promptbr deliver t~ha offiaial reoetpta tbee~etor to the MQrt;,~~s. b. He will permit, oaomit, ot a~es ao wae~s, impairme~~ or dat~erio:st~a ot e~d property oe u~y ~art thereof exoept re~s~nsbb we~r aad t~eu• and ia the ev~a~ oi tbs i~ue of tbe Mor~o~ to keep the bu~l' du~ on eai~ pcemise~ and those ta bs ei+ecte~ on said pre~anises, ~ impzova~ent~ tLereon~ In-~ood repair the Mort6ag'ee au?Y mate euoh repairs ~s in its disoretioa it m,y deem neoeeeary for thepe~oper preservation lhereo#, and the full amounL ot each and every s~oh p~yment vull b~ dus ~d P~Y~ ~Y (~0) d~,qs dt~ee deauad, and ~hall bs ~ecured by t6s tiea o[ thi~ mortQ?ae. 6. He will p~y all and dnaul~ th~ aosts, and e~cpeases. includinn~ t~ason~?ble Lwyez'~ fees, and oo~ta of abstiacta af title. ia~curred o~ paW at any time by ort~ee becauee d tbe fWure on the part of tLe Mort6,e~6or P~P~Y and to pedorm the a~eefluents and oovenants of eaid pmmineory note and this mo~~ge~e, and sa:d ~espenees eball be immedisteky due and p~yabls and ~6all be secund by the lien of this mort~se. T._ He will oontinuow~ maintain hasard imuranoe, oi such tiyps or types ~nd uanounts as Mortgsgee ma~ irom t5ane to time require, on tbe improvements now or hereatter on said pnmises and exoept ~rbeq pi?ym$nt tor all such premiums L~s therst~ofars been m~de under ~(a) oi paragraFh 2 Lereof ~e vvill p~y promptly ~rhen due uiy premiums Lheretor. All inauranes ~hall be carried in oomp~aies aPProve~ by Iliortgagea and the poli cies and rene~vals thereof ahall be held by Mortgagee aad ha~e attached thereto loes payable cTausee in iavor of and in form ~ooeptable to tLe M Ia event of loes Le will give immediate notice by mul to Mortgagee~ aad Mortgagee m~y make,prooi~~~ ii no0 made promptl~ b~ Mortgagor, aad eacb insunaos oomP~7 ooncerned is hereby~ author~sed and directed to make psymeat for such loee direct,1~y to Mor~~ matead oi to Mortgcg~or aad Mortgagee joint~y, and the irnsuranos prooeeds, or aqy patt there~f m~ be appled by 111ort- ~gee st its option either to tbe reduction oi the indabtedneea Lereby secured or to t~he reaton4on or repsir of t~e property dams~ed. In eveat of foreclosure of this mortgage or otLer transfer oi title to the mortgaged pertiy in eztingu~shment oi the indebtednees secured hereby, a~l right, title~ and int~erest oi tbe Mortga~or eres and to an~ i~urance policies~ thea in foros shall pass to tLe pnrcLaser or grsntee. 8. He will not e~ecute or Sle of record sny i~trument which imposes s restriction upon t6e eale or oocu- pancy of the pmperty deecribed herein on the basis of raoe, oolor, or creed. 9. If the premisea, or anq part thereof, be condemned under the power of eminent domain, or acquired for a public use, the damag es awsrded, the proceeds for the taking of, or the consideration far auch acquisi- tion, to the extent of the full amount of the remaining unpaid i~debtedn~as secured by thia mort~a~e, ate herebv assigned to the Mortgsgee, and hia heirs or assigns, and shall. be paid forth~vith to said Mo r-tgegee or hia ee to be applied on aocount of the last maturing instsllmenta of such indebtnesa; provided,-hoc•- ever, the ortgag~e or Ws assignee, may at his discretion pay direct to tLe Mortgagor~ hia heirs or sssigns any part or all of such award; pmvided, that if Lhe lo;n is gwranteed or iasured, the conaent of the guaran- tor or insurer is obtained in advsnce oi saidpa yment. 10. The r4ortgsgee may, st snp time ~en 'ding a auit upon Wis mortgage~spply.to the oourt hsvin~ jurisdic- tion thereof for the sppointme~?t of s rece~ver, and such court st~aU tortbvvi s~point a reoeiver of the premisPs oovered hereby all and wigulu, includin~ aU and aingular the income~ profita~ ~ssues, aa~l revenues trom ~ hat- ever eouroe denved,, euh and every of vrluch it being espre~ly underatood~ is hereby mortgaged aa if specificaliv and deecnbed in the sn ' an~ hsbendum clauses bereof. Such a mtment ahall be made b set lorth PPo B~ ~8 Y ; such court sa an sdmitted equity aad a matter of shsolute right to said :1lortgagee~ and without refecence to j the adequacy or inadequacy of the value of the property mortgsged or to the solveney or insolcency of said ; Mortgagor or t6e defendanta. Such rents profits~ mcome, issues, and revenues ahall be applied by such receiver i acco ird ag W the lien ot this mortgage an~ the practice of such court. In the event of sny default on the psrt ¢ of the Mortgagor hereunder, the ~liortgsgor s~rees to pay to the :1~for agee on demand~as a reasonable monthiv ~ rental for the premisee an amount at lesat eqwvalent W one-twelfth of theaggregate of the twelve monthlv installments payable in the then current yeu plua the actusl ~moun6 oi t6e annual ta.tea. aseessmente, water ~ ntes, and insurance premiums for such year not c~overed by the atoresaid monttily psymente. " 11. In the event of aay breuch of this mortgage or default on the psrt of the Mortgagur, or in the event ~ that any oi ssid suma oi money herein referred to be not promptly and tully pud according to the tenor hereof ~ ~ or in the event that each and every the atipul~tiona, agreements, conditions, and oovenants of asid note ~nd thia mortgage, are no~ d~ly, pmmpily, and fnlly performed or ii tihe Mortgagc?r be adjudicated bankrapt or msde defendant in • baakruptcy or receivership proceedin~r; thea in either or any auch event, the said sggre- ~ gste sum meationed in ssid note then remainu?g unpaid~ with intereet accrued to that time. and all money secured herebq. shsll become due and psyable fort~with, or thereafter, st the opiion ot said I1iortgagee~ as ~ fully and oompletely as it all the said euma of money were oreginslly atipulsf~ed to be paid on such dsy. an~- ~ thing in said note or m this mort{~age to the oontrar~? notwithatauding; and thereupon or thereaiter, ut the option ~ of said Mor agee, ~rithout not~ce or demund, awt ~t 1~~r or in cquity, msv be proeecuted as ii all moneva secwed hereby 1i~?d m~tured prior to its institution. T6e Mort ~ee msy foreclose this mortgage, as to t6e ~ unount so declared due and payable, and the said pnmises shall~ soid to wtisfy and pay the same together ~rith coets e~penses, wd allowancea. Ia c~se of partial foreclosure ot tLia mortgage~ the mortgsged prem~ses n sh~ll be ao~d subject to the continuing lien oi tbia mortga$e for the ~mount of the debt not then due end unpaid. - In such caee tha pmvisiona of this p~ragraph may agun be availed oi thereatter imm time to time by the ~ Mortgagee. 12. No vrtiver oi any oovenant herein or of the obligation secured hereby ahull a6 any timt thercalter be ~ held to be a~vaiver of the terma her+eof ot oi tbe not~e secured hereby. i; a 13. The lien oi this instrument ahall remain in full totce and etTect during ar?y postpoaement or exteasion ~ of the time of payment ot tLe indebtedaess or aap part thereof sec~ired hereby. ~ 14. This mo~tgage is given to secun the purchase money, or • part thereot~ oi the lands herein described ~ aad is e:ccuted and deGvered coatemporaneouely vrith the deed t6eretor. 1 S. If tLe Mortgagor detault in ~ny of the oovenanta or agreements contained herein, or in said not~e, thea ~ the Mortgs$ee may pertorm the aame, and all expenditures (including reasonable attomey's Iees) macie by the Mortgagee m so dou'?~ ahall draw intereat ~t the rate provided for in the principal indebtedness, ~nd shAll be ~ repa ible thirty (30) d~}rs after demaad, aad~ together with iatereat and oosts acerued theteaa~ shall be secured b~ mortg~g~e. ~ 16. Upon the r~quest ot tbe Mortgag~ee the Mortgagor shaU ea~ecute and delivu a supplementsl aote oc ~ not~s for we auan or sums adv~aced by tbe Mortgagee tor ihe alteration, moderniution, improvement, m~in- teaanoe~ or npair ot said prtmises, tor tauces or assess~nenta ~gainst the sune aad for an~ other purpoee autuor- ~ ised henunder. 3~id not~ or notes s6a11 be secured hereby on • parity ~vith and as fully as ~t the advance ~ e~ideroed tbenb~ wers iacluded it~ tbe note fust de~cribed ~bo~e. Said supplec~r~~,~l~,qp,~or notes~~~ ar ~ ~ ~c 1 l~ ~+',f ~ ~ ~ - - r.. ~ -9.. ~ - , . ~ ~-sg T . ~.~~-":a:..~,_~..,~ . s~ _ xs~k~.~x^;~',: