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Home My WebLink About1682 ~ ' i t,he deficiency. Such pay ment sh~~ n~ade ~~i~ict~y (30) da~y^a stter written notice t~ora the~Mortgagee ~ atating the amount ot the deficiency~ which notice may be ~ivea by mail. It at any time the :4lortgagor ~ sha~l ~ender to the Mort~uu~ee in accordance with the prnvisions ot the rtote secured hereby. full paymea6 ' of tbe entire indebtedneas represented thareby~ the Mortgagee sa ttuetee ahall~ in oomputing the ~mount ot such indebtsdnese~ credit to the account of the :~iort~a~or eny credit ballance remaining under the provi~iona ~ of (t) of saidparu~a ph 2. II there ahall be a de[ault under any ot the provisiona of thia mortgage resulting ~ in s public sale of the premises co~ ered hereby, or J the Mortgsgee scquires the property otherwiae af ter t defAUlt, the Martgagee ae trustee ahaU apply~ et the time ot the rnmmenceinent of such proceedings or at ~ the time the pmperty is otherwise acquered. the amount then remaining to credit of ;~~ortgagor under of ; para~raph 2 preced?ng as w credit on the intereat accuted and uopaid and the balance to the principal then = remuning unpaid on sai~ note. 4. He wW pqr all t~a~ces. are~neab, wstet rat~e~. ~nd ofber~ov~aa~ental ae municiP~l ch~rsa. 5oe~. or impoei4oae~ for whic6 p~oviedon has not been m~ds hereinb~oee, and in defaul~ thereof We Most~ee m~y WU? tbe a~ms; and t~st hs will peampt~r deliv~er tbs o~ci~l reoeipts tberetot t~ tLe Mott~ee. b. He will permit„ o~mmit, oe suQee ao w~ate, imp~rmea or det~erlorutba of said Froperly aeat~y Qart thereof esoept re~s~n~~ wea~ ~nd tear; and in ths event ot t6s i~ ot tbe Mort~or ~ to keep tbs buildu~ on sai~ , pcemise~ ~nd those to bs arec~ed on sdd preanises, oe ianprove~enb thereon, in aood npair t6e Morta~es my? make wich npain p ia its di~+etion it m~y dcem ncoeseary for the prop~ pceservstion t6eeeo~~ and the full :mouaL af eaeh and every woh p~ymea~ shall b~ due and P~Yabls tLieip (30) days dt~er demand, and ~6aU be ~ecured by • the liea of lhi~ mo:t~s. a. He will p?y a11 and sinaWar tbs oosts, and eacpe~e~ includin6 reasonabls Lwyer's fees„ aad ood~ ~ af abstnets of tille, ineureed or paid at any time t~~ortaasee beeause ot the failure on the part, of the Moit~a~oe ~ P~'~P~Y to otm the a~re~meata snd oovenanta of aaid pe+c?miesory aote sad this mortgaae~ and sa:d ~~'R'~, bq ~~b? due aad p~yabie and .hatl bs secured by We lien ot dus mort~s. ~ 7. He wiII oontinuoua~ auintaia Laasrd iffiuragoe, of sucL t~pe or t~pes snd amounts as Mortg~ee a~a~ ~ fr~m time to time req~+s, on tLe improven?ents now or Le~r~fter on said rramiees and escept ~rhea pa~men0 tor all ~uch pnmiums ha~ tLeretotore been made under (a ot pangra~h 3 hereof ~e ~vill pay pmmp~,~y w?hen ~ dus any premiums therefor. All imuranoe a6a11 be ~ in oumpaa~es ~ppmve~ b~ I~i~ and t6e pol~ ~ cies and reaewai~ thereoi ~Lsll be beld b~ Mortgagee ~nd ha~e attached thereto loas psyable ~uses in favor oi aad in form aooeptabk to ths M In e~ent of loas he will give immediste notioe by msil to Mortgageq~ ; and Mo,rt~a~ee may make prootaro as if not mads F~'o~P~b b~ Mortgag~or, aad eac6 insunaos oompaq~ ? ooncerned-ie Lereb suthorised and directed to malce payment for snch bes direc~,~y to M~~~ matead at ; to Mortgigor ~nd ~ortgagee jointly, and the i~uranos proceeds~ or aq~ p~rt t6ee+e~f may be applied by 111ort- ' ~~gee at its option eit6er to the reduction oi the indebtednees Lanby secured or to t~e restor~tion or rspair of : tLe property dama~ed. Ia eveat oi foreclosura of this mortgage, or other tn~er oi title to tLe anortgaged ~ p~operty in estingu~ahment oi the indebtednees aecured hereby, all right, tiLle, ~nd interest oi tbe Mortgagot ~ in ind `o aqy in~urance policies~ then ia ioros s~ll pas~ to t~e pu~ases or gi~aatee. ~ > 8. He will no~ esecnte or file of record sny instrument which impoees a restriction upoa the a~le or oocu- - ; pancy oi the property deacribed herein on the bsais oi race. oolar, or eceed. 9. If the premises, or any part thereof ~ be condemned under the power o~ emineat domaio, or acquired for a public use, the damag es awarded, the proceEds for the taking of, or the consideration tor such aoquisi- es tion, to the extent of the fuU amount of the remaining unpaid indebtedneos aectired by Lhia mortgag e, are hereby assigned to the biortgagee, and hia heirs or assigns, and ahsll be peid fort6with -to said Mo r-tqagee or his ass~'gnee to be applied on secoun6 ot the tast maturiag installments of such indebtneee; provided,~o~•- ~ ever, the 1~Sortgag~e or hia assignee, m~y at his discretion psy d'uect to the Mortgagor, Lia heira or assigns ' aay part or sU oi such swsrd; provided~ that if the loan is guaranteed or inaured~ the oon$ent of the guaran- tor or insurer ia obtained in sdvance of saidp~ ymeut. 10. The 1~lortgagee m~y, st any time ~endi'ng ~ auit upon ttua mortgage, apply to the court hAVin~c jurisdic- tion thereot for the appointment oi ~ receiver, and such oourt shall fortfivnth a~po~nt a receiver of the premisea covered bereby all aad singular, including ~Il ~ad aingulu the inoome~ profite~ issues, and revenues trom v?het- aoer sow~~e denved~ euh ~nd evety of w 6ich et being expreasly understood~ ie hee+eby tnortgsged as iE specificaUy ~i set lorth and descnbed 'w tLe granting an~ habendum clauses 6ereot. Such appomunent s6a11 be made bv f such court as an admitted equit,y and a matter ot absolute right to said ~iortgsgee~ u?d withovt reference to , the ~dequucy or iaadequacy of the value ot the pmperty mortgaged or to the aolvency or insol~ ency of suid ~ I1iort,g~gor or the defendmts. Such rents, profita, u?come, ~ssues~ and revenues ahall be spplied by such receiver : ~ aocording W tbe lien of this mortgage snd the practice of auch court. In the event of any defsult on the past ; of the ~iortgagor hereunder, the :~lortgagor a~rees to pay to the ~iortgagee on demand as s resaonsble monthiv { rental for the premises an amount at least equivalent to one-tweltth (3~,) of thea~r~a te of the twelve monthiv installmenta paysble in the then current yeu plus the sctual ~mount ot the annual ta.~ea, ~sse~ements, water ri?tes~ and insur~nce premiums for such year not oovered by the doresaid montlily payments. ~ 11. In the event of an}? breach of this mortgage or default on the part of the Mortgag~ur, or in the event ' thst any of eaid eums ot money herein referred to be not promptly and fully paid according to the tenor hereof, or in the event that each und every the atipulations, agreements, oonditiuns, aad coven~nta ot said note aad t6is mortgage ~ an not duly, pmmptly~ and fully performed or ii Lhe Mortgag~or be adjudicated bankrupt or made detendant in a bankruptcy or receiveiship proceediag~s; then in either or aay such event~ the said ~ggre- gat~e sum iqentioned in ssid note thep remainu~g unpaid, ~rith interest accrued to th~t tima. ~ud all_ money secured hecebr ~ abalt become dua an'd p~yable forthwith, or thereafter~ ~t the option of~said 1liorfg agee~ ~s fully aad oompf etely as it all the said snms ot money were originally atipulated to be paid on auch dsy, an~ - thing m said note or m this mort~age to the oontrar~? notwithgtandiag; and thereupon or thereatter, st the option # of sud Mortgagee~ w?ithout notwe or dem~nd, swt at law? or in eqwty. m~v be prosecuted ~s it all monevs secured hereby h malured prior to its institution. The ~iort{~egee msy foreclose this mortgage, ~s to the ~ amount so declu~ed due and payable, and the said prernise~ shall be sold to astisfy and p~y the sarae togrther writh costa eacpenses. and allowances. In case of putial foreclosun ot thia mortgage~ t.he mortgeged pmm~ses x ahaU be so~d subject to the continuing lien ot this mortga~e fur the unounL of the debt not tbea due and iinp~id. ; In auch caoe the proviaiona of this puagraph m~y agun be svailed oi thereafter irom time to time by the ~ Mortgagee. ~ 12. No ~raiver ot aay covenant herein or oi the obligation secured hereby ahall •t any time thereatter be ~ held to be a waiver of the t~erms hereo! or o! tbe note secured hereby. ~ 13. The liea of this instrument shall remain in full iorce and eHect during any postponement or extension ~ oi the tin?e of paymeat of the indebtedneas or any part thereof secured hereby. 14. This mortgage is given to secure the pwrh~se money, or ~ put theteof~ of the lands herein described and is ea~ecutcd aAd delivered contemporaneoualy vrnth the deed tberefor. ~ 15. If tbe Mortgagor default in any of the oovensuia or agreeraeats contained herein, or in said note~ tLen tbe Mortga~ee msy periorm the same, and all expenditnres (including rnasonable attorney's tees) msde by the Mortgagee in so do?'ng shall draw intereat at the rate pmvided tor in the principal indebtednesa, and sl?all be ~ rapaya_ble thirty (30} days after demand~ and, together with interest md c~sts accrued theceoa, shall bc secured b~ th» mottgag~. 18. Upon tha requat of the Mortg~gee tha Mortgag~or shall eacecute and deliver s supplemental note or aote~ ior the sum or sunas advanced by-tfie Mortgagee for the vtcration, modernisation, impmvement, main- t~eaance, or npair oi aaid premises, for taues or ~ssessrnenta agsinst tbe same and for an~ other purpose autl?or- ~ iud henunder. 3aid note or notea ah~ll be secw~ed hereby on a puity with and as fuUy as tt the advance ~ e~ideaoed tLer~eby were inciuded in the note 6nt described above. S~id supple~ oc aotes shall bear ~ 'd ~`.1`,~ ~~s~i ~ ~ _ _ ~ ~ ~ ~s~Y~ : _ ~x _ . _