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Home My WebLink About0414 . f } ~ ~ s the deficieacy. Such payment sh~ll be made within thir~y (30) d~ys atter written notice fe~orn the 4iortgagee steting the amount ot the deficiencp, which notice ms~r be givea by msil. It et any time the Mortga~or sha~l tendet to the Mortg~ee in accord~?nce with tlie prnviaions ot the note secured hereby~ fuU paymeat o[ the eatire indebtednees repreaented thereby~ the Mortgagee sa trustee ahsU~ in oo~nput{c?g the ~moun~ oi such indebtedneas~ credit to the account oi the Mort,gagor ar~y c,:,3it balence reme?inin under Lhe provieiona a ot of said~ale i ph 2. If ~here ah,~ll be s default undec any ot the provi~ioaa of ia mort,gsge, resulting in a pnblic o tha premisea covered hereby~ or ii the Mortgsgee acquires ~he property otherwise stter default, the Mortgagee as truatee ahall spply. ~t tha time o[ the commencement oI such proceed~nga or at the time the pmperty ia otherwise acquired, che amount then remsining to credit of Mortgsgor uader (a) of para~raph 2 preoeding aa a credit oa the i~terest accured snd unpaid and the bslaace to the principel then cemuntng unpaid on stid note. 4. He wiIl pU? aU ta~ a~era~enh. wst~ee rat~a. aod o!l~er W a muaiciPd d?~rRa, Sne~ os . imPo~tion4 fa wbich provisioa ha noti been mads bereinbetore. aad default thereat t6e Morti+~i'~ ~ Pw ~ ~~me; aad that bs wtll pe~ompt~j? del~vec tbs o~'icial reo~pts t~6ere:~. :o ths ~ort~?ges. b. Hs wilt peemif~, ooman[t, oc e~e~ no w~ts, impairmeat~ or deterbruHon of a~id pe~operty oe a~qp paeti L6ereof ezoept ra~s~nabls weae and tear• aad in tbs event of ths failure o[ tLs Mo~t~or to keep the buildin~ on eaic~ premises aad tl~ass to bs erecte~ on eaid premise~. oe i~nprovemenb thereoa, 3n-~ood npair the Mortaa~ee my? maks a~ch repates as in it~ di~4 it m,y deaa~ aeoeesary foc tbeprop~ preservation t6e~t+eo~. aad the tull ~mount of ach and every wo6 p~yment ~Il b~ due aad p,Ysbls thir~j' (30) d~ aft~et demand, and sh~ll bs secuced by ihe liea ot t6ir mort~s. 6. He will p~y all aad dn~Lc tLs oosh. har~s~ ~snd eo~pense~. indudina reas~nsble 4wyer's fees, and ood~ ot abstr~cb at title, inauzed c~ P~id aq~r tims by tbe Mort~ee beeause of the failure on the par! ot the Mort~a~or P~'~PwY and i to pestorm tbs' atresaenb and aoveaaata of s~id p~omiaeory ~te sad this mort~a~e, aad said ~~Pe~ ~.~~~Y dne and p,yabb ~nd ~hall be eecured bq the lien of tLis most~~s. e 7. He will oontinuoua~j anain4in ~ai~rd insuranos, oi such t~pe or ti and amouata as Mortgeg~es ma~ trom time to time requu+s, on tbs.impro~ementa now or hereatt~sr aa eai pnan~se~ snd exoep0 when p~ymen0 tor aII such premiums bas ~heretofore beea~m~ under ~(a) oi psragn~h 2 Lereoi he ~vill p~y pr~mptly ~?Len due any preminms ~heretor. A11 ~usurat~oe sball ~e carried ia comP~?nyee aPProve~ by I1iort~a~e~ ~wd the poli- cies snd renewals Wereoi shall bs beld b~ Mor`gagee aad ha~s sttached thereto loas payabk cCauses in favor oi and in iorm aooep4ble t~o t~he M Ia e~ent of bes hs will give immediate notioe by mail to Mortgagee, te and Mory~agee bm~y maloe p~rooi d no~ mads p~+omPtl~! b~ Mortg~gor. and each i~uranos cumP~7 oonoerned ia here autbozi:ed and directed to make p~yment for such loe~ direc to Mortg~e~ mstead ot to Mortgcg~ur and ~ortgsge~ jointly, and tLe insuraaos prooeeds, or any par6 there~ may be apptied by 111ort~ at its option eit~her to the reductaoa oi t~ indebtedness hereby secured or to t~he restontion or npair oi e property daanaged. In eveati oi foreclosure oi t,6is mo~~ or otber tsanster of title to the mortgaged p~operty ia eztingu~ahment of tLe indebtedaese secured Lerebj; all rigL~, title, and interes~ oi the Mortgag~or ~n and to aq~ i~ur~noe policies- than in foroe ehail pass to tLs pum,baser as gi~aut~es. 8. He wilt not e:ecute or file of re~wrd any inetrument which impoees a restriction upoa=tbe pale o3~~ u-, pancy of the property deecribed herein oa the basis oi r~?ce, oolor, or creed. 9. If the premises, or eny part thereof, be condemned under the power of eminent'd~~'sin, braoq 'wied~ for a public use~ the damages awarded~ the proceeds for the taki~g of, or the consider~?tion for auch ac~quisi- tion~ to the extent of the full amount of Lhe remaining uapaid .indebtedpees secured by thia mortgage~ are hereby assigned to the Mortgagee, and his heira or sssigna, and ahall be paid torthwith to said Mo r-tgagee or his aes~gnee to be applied on account of the Isst msturing installments of such indebtness; provided~bo~- ever,- th~ it+tortg~cg!?~ bf ~I~ ~n~~, ~m~q st fiia diacretion pay di=ect bo the Mortgagor, hia heirs or sesigns aqy~srt~er aU of sn~-~~vard; provided;•thst if the losn i~guuan~ee~ or insured; the oonsen6 of the guaran- tor or iosurer is ohtained in advance oi saidpsymeat. • 10. The \+Iortgagee may, st any time ~en 'ding a suit upon tms mortgage apply_to the court hsving jurisdic- Lion thereof for the appointment ot a receiver, and such court a6all fottbvrnt~ appoint a receiver of the prem'~aes oovered hereby all and singular. includin~ all and singular the inoome, pmfita, ~ssuea~ and revenues trom v?hat- ! ever soun~e denved, eac6 and every ot vrhtch it being ezpre~ly undentood~ is 6enby mortgaged ae if specific~lly ~ set forth ~nd deecribed in tbe granting an~ h~bendum clauses be~eof. Such appou?tmeat shall be made by i such court as an uimitted equity and a matter oi absolute rigLt to said Mortgagee. and without reference to ~ the adequscy or inadequscy of the value of the pmperty mortgaged or to the aolvency or insol~encq of said ! M ;ga~ r or the defendanta. Such rents pmfits, wcome, issues~ aad revenues ahsll be spplied by such receiver ~ accoaNding to the lien of this mortgsge an~ the practice of suc6 court. In the event of sny defsult on the part d the 1~iortgagor hereunder~ the biortgsgor a~rees to p~y to the ~iortgagee on demand as a ressonable raonthlv ~ rent~l for the premises ~n amount s6least equivalent to one-twelfth (K:) of theaggregste of the twelve monthly ~ inatallmenta psyable in the then current year plua the actual amount of the annual t«es. a~eessments, water ~ rates, ~nd inauranee premiuma for auch year not oovered by the aforesaid monthly payments. ~ 11. In the event of aay breach of this mortgag~e or detault oa the part oi the Mattgagor, or in the event z thst any oi asid suma oi money herein nfen~ed to be not promptly and fully paid according to the tenor hereof~ ~ or ia the evcnt that each aad every the stip ul~tions, agreements, aonditiuns, sad oovenants of ssid note and t6is mortgage , are not duly, prompdy~ and fully periormed or if the ~4lortgagor be adjudicat.ed bankrupt or ~ m~de defendant in s bankruptcy or receivershi~ proceedings; then in either or any such event, the said aggre- ~ gate sura meationed in said note then reinainu~g unpaid, wnth interest accrued b that lime.. and all money eecured hereby ahall become due and payable forthwith, or there~fter, st tbe option ot said 11iortgagee, as fully aad compf etely as it all the said euma of money were originsily stipnlated to be paid on such day, an~ - ~ thing in said note or in this mort~age to the oontrar~? notwithatanding; and thereupon or thereafter, st the option v ; oi sud Mor , w?ithout nohee or demsnd~ auit ~t ls~v or in eqwty, mav be prosecuted aa if all raonevs ~ secured hereby ud matured prior to ite inatitution. The Mor raay ~orecloee thia mortgage~ as to t6e ~ amount eo declared due and paysble~ and tbe ssid premises ahaU~ld to s~tisfy aad pay the sauu together ~ with costs eupenaes~ aad allowaacea. In caee oi putial foreclosure of thia mortgage, the rnortgaged pmrruses ~ aholl be soid subject to the continuiag lien of t,his mortga~e iur the unount of the debt not then due end unpeid. In auch caee tbe proviaians oi this paragraph may again be availed of therea[ter from time to time by t6e ~ Mortgageei. ~ 12. No ~vv~ivu of my oovenaat herein or of the obligaUon aecured hereby ahsll at any time therea[ter be ~ ~ held to be •~raiver of the terma hereof or oi t6e note secured hereby. 13. The liea of this inatrument shall remain in fuU force and eBect during any postponement or exteasion ~ ot the time oi payment oI the indebtedness or any part thereof secured hereby. 14. T'his mortgag~e ia given to secure the purc6ase money, or a put ihe~reoi~ oi the lands hereia described ~ aad is asecuted and delivered contemporaneously with the deed theretor. ~ lS. Ii the Mortgagar deisult in ~ay o! the oovenaats or agfeeraenta cont,~ined herein, or in said note, t6en ~ tbe Mortga~ee may_pertorm the sune, and all e~cpenditwes (including reasonable sttorney's fees) made by the ~ Mortgag~ee ui so dou~g shall draw? interest at the rate provided for in tl~ principal indebtedness, ~nd ahsll be ~ npa able thirty (30) d~}n atter dewaad, and, tog~etber witL int.ereat sad aosta accrued thereon, sh~?11 be ucured ~ b~ 18. Upon tba requesL d tbs M rtgagre tbe Mortgager shalt ea~ecute aad delive~ a supplemental aote or ~ notas fot tbs sum or wa~s adv~nced bQ y tFie Mortgagre for the alter~tion~ modernizstioa, improvement, m~in_ ~ taunoe, ot npair oi aaid premises, for t.a~ces or asses~nents aga~nst tbe sune and for an~ other purpose autlwr ised h~reunder. 3ud note or aotea ahall be secured hereby oA a pui~y w-ith and as tully as ~t the advancx e~ide~?oed tbenb~ were induded ia tbe aot,e fust de~cribed ~bo~e. Said suppleme or notes shall beu ~ ~~~~`~3 4~3 ~ ~ ~ ~ _ z r + ~'-~+~r~.aN ~ _._m.,._ _ : sa`^.,.a+' r-r~?'~~