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Home My WebLink About2128 . . . . . 3 . ~ ~ i 3. To place arK! contirwwusly kesp on ths buildings now or hereaher situate on uid land and on ~II eq~ipnent u~d personslly covered by this mort~ age, with ail premiums thereon psid in full, fire insurance in the ~sual standard policy fwm, in a sum approved by the MORTGAGEE, and windstorm inswsnce in the usw( ifandard policy fwm, in s sum approvad by the MORTCaAGEE, in wcb company or companies as the MORTGAGEE msy dsracrj x~ all fire and windsro?m insuranoe polic~es on sny of said build~nps„ ~ny in~enst rherein or pa?t thereof, in the agyrega~e wm aforesaid or in expss tl+~reof, sh~ll oontain the vsual standard mortgagee tisuae w such ottce~ clauss ss the Mortyages may requir~, making the lau under said poli~ c~es. s~ch +nd ersry, paYable to said NtORiGAGEE as its intcvest may appear, and each and every such policy sh~ll be promplly ass:gned and delivered ro sny heW by said N1pRTGAGEE ss further seturity to ssid mortysge debt and, not kss than ten (10) days in advante of the expiration of eath polity, to d~- tiver ro said N10RTGAGEE s renewal thereof, together with a receipt for the pttmivm of such renewal; a~d thero shall be ~o fire or windstorm i~svrancs p1+ad on sny of said buildings, any interest the~ein or part thereof, ~nleu in tha form and with the loss payable as sfwesaid; and in the event any sum of mo~ey becpnes payable vreder wcfi policy d policies said MORTGAGEE shall have the op~ion to receive a~d apply the same on atcovM ot the indebted- ncsi aecvred hs~eby or to perm;t said MpRTGAGORS ro receive snd use it a any part fhereof for orhe~ purposes, wi~hout ~hereb~ wai~ing or ~mpair- ing sny eqvity, lien or righ! veder or by virtve of this mo:t9age; and in the event said JNORTGAGQRS shaU fw any reason faii to kecp the s~id premises so insured, p fail to delive~ promptly any of said policies of insurante to said MORTGAGEE, w fai) promptly to pay futly any premi~m therefor w in any respea fail to pNfwm, dixharge, execute, effect, complete, comply with ~nd abide by this covenant, a any part hereof, said MORTGAGEE may place and paY for such ieqtuuftf w any parf lhereof wiihout waiving ot affacting any option, lien, equity, w righf under or by virtue of tl?is Mwtgsge, ind tht fut! amo~nt of each and ~very such psymeM shall be immediately due and payable and shall bea? interest from the date the~eof uroil paid N the rate o1 , n~ne per centum pK anrwm snd to~ether with such inrerest shaU be secured by the lien of this mortgage. I. To pamit, conwut or wffer no wasle, impairment or deterioration of said property w any part thereof. S. To pay all and sinp~lar the cosb, chuges ~nd expenses, including a reasonabk attorney i fee and costs of absr~acts of title, incw.ed or paid st any time by said MpRTGAGfE, becavse a in the ~vent of the failure on the part of the said MORTGAGOR to duty, prompNy u+d fully perfwm, d~schsrg~ execute, effett, complet~, comply with and abide by eacF+ and every the stip~lations, agreements, conditions, a~d coverunts of ssid p~omiuory nofe and this mortyaye any w eiti~er, snd said costs, charges and expertses, eacF? and every, shsll be immedi~tely due and psyabk; whether or not there be r+otice d~ mand, anempt fo toll~ct er wit pending; snd the fvll art~ount of cich and every wth yayment shall bear interest from the date thereot until p~id at fht rate of nine per centum per aonum; and all said costs, charges and expenses incur~ed w paid, togethcr wrth such iRterest, ihaU be secwed by 1}~e lian of thy morfpaQe. 6. ?Mt in the ~vent of any bre~ch of this Mortgage w defautr on the pa?t of the MORTGAGOR, or (b) in the event eny of u~d :vms of money herein refared to be oot promptly and futly paid within thirty (30) days next after tFe same severatly becomc due and payabfe, without demand a notice, or (c1 in the event each and every the stipulations, sgreements, cond~tions and covenants of sa:d promissory note and th~s mort9a~e any ar either a~e no1 iuly, promptly ~nd fully performed, diuharged, eaecuted. effected, completed. complied with a~ abided 9y, then in e;ther or any such event tlk said s~- grcgata wm mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereb~, shalt betom~ dw and p~y~ sble forthwith, w thcreafter, at the option of said MORTGAGEE, as (ully and completely as if all of the said sums of money were aginally st~pulatcd to be paid pn wch day, a~ything in sa~d prom~ssory note or in this Mortgage to the conrrary rtotwithstanding; and thereupon or thereafter at the option pf said MORTGAGEE, w~thout nat~ce w demsnd, wit at law or in equity, thercfwe or tlkreafter begun, may be prosecuted as if all moneys secured hareby had marured pnor ro ~n irotitvrion. 7. TMt in tl+~ eveni that at ths beginnirg of w at sny time pe~ding any suit upon this Mortgage, or to fo~etlose it, w to reform it, w to enforp payment of any claims hereunder, said ARpRIGAGEE sMl! apply ro the Co~H having jurisdKtion thereof iw the appo~ntmer?t of a Receiver, such Cwrt shall forthwith ~ppoinf a receiver of said mortgaged prpQetty all and sirgutar, includ~ng all and singul~r the income, prplits, iuues and revenues from whaftve~ taurce derived, e+t1? and tvety of which, it being expressly undentood, is hereby mo+tgaged u ii spec~fically set fath and deuribed in tF» prantiny and habendum clauyes hereof, and such Rcceiver shall Mve all the boad and effective funa~o~s snd powers in anywise emrustsd by ~ Court to a Receirer, end s~ch appointrrwnt shall be made by such Court as an ad-nined eqvity and s matte? of absolute ri9ht to s~id NIORTGAGEE, ~nd without nfercnce to the adequ~ty w iaadequacy of the wlve of the property monyaqed or to the sotverxy w~nsolvency of said MORTGAGOR w rhe defendann, and that wch renes, profi», income, iuues ~~d revenues shall be applied by such Receive~ accord~n9 to tM lien or puity of said MORiGAGEE and the pract;c~ of tvch Covrf. 8. To d~ly, prompHy and futly pKform. dixharge, execure, effect, compkre. comply w;th and ~bide by eath and wery 11?~ st~pvtatio~s. ~yre~menn, cor+ditiora and cover?~nri in sud promissory note arx! this mortgaye set fath. 9. That in the evem rhe owne,ship of rhe mo.tga9ed prern~ses, w any p..t rhereof, becwnes vesred in a pe.wn othrr rMn the MORiGAGOR, rM h10RTGAGEE, ifs succeswrs and aueyrss, may, w;tf+out notice to fhe MORTGAOR, deat wirh s~ch strccessor o~ successor in inte~est w+th .eference to thia martyap~ ~nd tF+e drb~ hereby ~ecvred in th~ same rrur,ne~ as wirh Morigagor without in any way vft~aei~g or d~uhary~rq the Mwtya9ors' li~bility herr ~nde+ or upon the debt Ftereby secured. No iale of tt~e Frem~ses hereby mortgagQd ~nd no forbearance on the part of the MORTGAGEE or itf wccessors o~ ~uiyns and no exrensron of rhe rime for the p~y.nent of the debr he~cby secured given by the 1NORTGAGE~ or ip succ~sson or ~u~gns, .hatl operat~ ro rtleast, d~xhar~e, mod;fy char,yt er d(ect the orig~nal tiab~Lty of the MORTGAGOR herein, either ie wAole w ie part, 10. It is specifically e9reed ~Mt timr is of tF,~ essence of thq confract ~nd tMt no wsiver oi any obli9a~~oe+ h~revnder or of th~ obtigation se- c~rsd hereb~ sh.n ar any tims rAere~f:er b~ hetd w be • w~i,rer of rhe terms hereof a of the insaun»m secwed herDy. 11. In sdd:ria~ to rhe forago:ng monthlY p~Yments of princ pal ~no .nterest reqvired by the p.om~~ry nore secured her~by, mort9sgor cowna~t: and ap?eea to pay ro mo~tgsyee w~th exh mo~~hly pay..xnt qn add~rro~~l sum esT~~~arcd by mortpagee to be equ+l to 1/12 of the annwl cost of the follow- in9: A-Atl ?eal property taxes kv+ed w asussed iyaihst the above desc~i?xd real esiate. B-Prem,ums on fire and wi~dsto.m m~urance as here~n requ:red to be ca~r~ed on the ;mprovements sitv:te on the •bove deuribcd premises. C-Premiurm on svch mortgage guaran~y insura.:ce as mo.tyages shali from t:me ro t~me dcem f~e to c~.ry on the ban sec.,red lwreby, Nbrtppee sfial! 4rom t~me to time ~orify mort4a9w ;n wr~nny of the amoum due and paysbl~ her~under and such sum shaH thneupon b~ due ~nd FayabJ~ on rfw due w:e of rIK ne:~ mo.+~hJY PaYmen? ~nd exh avccess;ve mon?h rhereaf~er vr.~if rtw.~yage~ shall not~fy mortya~a of • cFun~e in wch smou~t. Such sums shatl b~ ~pptied by mprtpayes ~oward ±F~ paymtM of real pr~rty ts:ss. insurants prem.ums. ~nd mp~tysQe 9w~anry i~qurMC~ prNni~wflt, fN WlTNESS YVNEREOf. ?M i+~d MORTGAGOR has Mrwmo s~t his Mnd and aea~ tfie da~~nd y~a~ f'~nt ~foresa;d. i SwMd and del' fn M+t prese~s of: il S ~V aZZl ~ : ~ "~Q ~ ~ n~ss SOUK110 P~~:r~.~ Ann To2z ~ ~ - ; _ _ " ~M~~~,= ~=~a:v~ ~~-i; , . M