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Home My WebLink About0590 i F the deficiency. Such psyment shall b~ iuade:withip thirty (30) daya witer wri6ten notice fco~n the ~iortgagee atating tha amount oi the defioiency~ which riotics may be ~iven by mail. lt at any time the Mortga~or sl~a~l t~ender to the ~tort~ee in scconle?nce with t~he provisious ot the note secured hereby, fuU payment of the entire indebtedness represented thcreby~ the ~iortgagee as trust~e ahall~ in oomputir?g the amount ot ~ such indebtednees~ credit to the account ot the ~iort~,~gor any credit bslance remaining under t~ie provisiona of (s) o~ said paragraph 2. Ii there shall be s defaUlt under any o[ the provisioas oi this mortgage.reaulting in a public sale of the premises covered heteby, or if the Mortgagee ac:qui~es the property otherw~se atter ~ defsult, the Mortgagee ss truatee ehall apply~~ ~t the time oi the commencement ot such proceedinga or st ! the time the pmperty ia otherwiae acquired~ the araount then remaiaing ~o credit of Mortgagor under (a) ot para~raph 2 preceding ss a credit on the intereat accured and unpaid and the bslance to the principal then temuning unpaid on se?id nots. 4. He w!II pqr aa ta~oe~, are~eah. watee i+at~er„ and ot6ee~ov~ernmental ae muiai~P+~1 ehae'sa. Snar. or impoaitioas, for whieh pe~uvision Laa not been mads heninbeiors~ aad ia defsult thereof fbs. Moe~ee m~,yY P~11? ~ Mme; ~ad tbst Ls will promptbr c~eHver tbs o8'icial reodpts tberefo~ to t6e Mott~es. b~ He will permi~, oommit, o~ suQer no wa~te, imp~rme~l~ or deterioestioa ot s~id proper~~ or~qy p~rt t~ereot a~oep! nasonsble wt~t aad t~eas• and in t6s eveat of tbs lailun~ of the Mort~or to keep the buildtn~ aa aai~ peemiees and those to bs ereet~e~ oa a~id pe~nises, ot improve~nents tbereon, ~n ~ood npair the Mort~~ee ma~? maka meh rep~irs a~ in its disaretion it m~y deean aeoeae~ry fos tLe_proper pnservat~ion tdereo~, and tbe full amount of awh and every weh p~,yment ahall b~ due ~nd P~Y~ ~Y ~ Jter demand, aad ~all be ~acw~d by ihs lien oI this mo:t~e. d. He wilt p~y aII aad dnsuLr ths aosts, aad ea~p~ees, includina reasonsbk Lwyer'~ fees, ~ad ooets ot abstraafa of t3tb, inoatred or paid at any tima by ort~ee ba;auee of the failure on the part ot the Mo ~omPt~j? and to pertorm tbe a~eements and ooven~nta ot said p~ro~nniseory nots and thia mort~a~e oosts, chat'~es. ~eacpenses sbaU be i~nm~ediut~r d~s aad p~Ws and ahall be eecured by the lieai of this mortp~e. T. He w~l oontinnoue~ maintain bassrd i~osuranoe, ot anch hpe ort~pes and ~mounts as Mortgag~es ms= from time to tima require, on the improvements ~w or hereatter on said pnmieee and except wben p~ymeu0 , tor all such pi;emiums Las theretofars been made uader (a oi p~ragrs~h ~ Lareof ~e ~rill pay promptl ~rhen + due any pn~miums theretor. All ineur:aoe a6a11 be car~ in eomPaa~es sPPmve~ b~ 11i and ~e poli- i cies aad renewals thenoi ahall be bald b~ Mortgagee and ba~e s~tacLed Wereto loes payable su~es ia favor oi and in form aooept~bls to t6e Mo ;sg~ee. In e~ent of bes he will give immediate not,i~oe by mait to Mortgagee~ aad Martgagee mw mal~e prooi~o~1E bes if not made promptl~ by Mortgag~or. ~nd eac6 insuraace oomp+~a~ , ooncerned is hereb authori~d aad direated to maEs payment ior sucL bes direc. to M~~y~ mstead ot to Mortgsgor and ~ortgage~ jointl,, aad the insuranoe prooeeds, or sa~ part thene~ m4y be ap,p~ied by I?ior~. ~agee ati ite optioa eit,her to tbe reduction oi t~he indebtedaees Lereby secue~ed or to t~e reston4on er repair of the propert~ dama~ed. In event of foreelosure ot tLis mo~or ot~ber transier oi titie to t~6e mortgaged p~+oiperty in esiingn~s~meati oi tLe indebtednees eecured henby, right, title, and interest oi tLe Mortgsgor ~n aad to an~ i~uranos policies~ tben ia foroe ehall pass to tbe purcLaeer or grant~ee. 8. Ne will not eiecute or Sle oi record any inetrument which impoeea s restriction upon the sale or. oixu- pancy of the pmperty described herein on the basis of race~ oolor, or creed. S. If the premises, or any part thereof, be condemned under tLe power of eminent domaia, or aoquired for a public use, t.he damag es swarded, the proceeds for the taking of, or the con$ideration for auch soyuisi- tion, to the extent oi the full amount oi the remaining unpaid indebtedness secured bS this mortgege! ere herebv assigned to the Mortgagee, and his heira or assigna, and ahsll be paid forthwith to asid Mo -~agee or Lis ~ee to be applied on acx.ount of the last msturing iastallmenta of such indebtness • pmvided, o~- ever, the ortgag~e or hia assignee, m~y at hia discretion pay direct to the Mortgsgor, his ~eirs br sssigns aqy part or all of such sw~rd; pmvided~ thst if the loan is guacanteed or inaured, t6e oonaent of the guaran- tor or inaurer is obtained in advance of said yment. 10. The Mortgagee m~y~ st any Lime pen ing a suit upoa tnis morrtga~e~aPPly.to the oourt hsving jurisciic- t5on thereof foe the ~ppointment of s reoeiver, aad auch oourt sLsll fo tbwn a~poiat s e+eceiver of the premises covered Lereby all and singular, includ'u~ all and singulu the income, pro6ts, ~ssuea~ and revenues !mm v~ hat- ever soume der~ved, euh and every of vchich it be'u~ expreesly underatood, is hereby mortgag~ed as if apecific~lly set fortL and deecribed in the granting an~ habsidum clauses bereof. 3uch appointment shsU be made by such court as an adonitted equity and a mat,ter of sbeolute righ6 to said Mortgagee, and without reference to the adequacy or inadequacy of t6e value ot the property mortgsg~eci or to the solvency or insolrency oi said ' Mo r or the defendanta. Such rents pmfita, income, i~uee, and revenues ahall be spplied by such receiver ' acoo~~ to the lien of chis mortgage an~ the practice of suc6 oourt. In the event of sny defsult on tLe part ~ ot the Mortgag~or hereunder, the l~iortgsgor s~rees to psy to the Mortgagee on demsnd as a ressonable monchly ~ rentsl for the premiaea an amount st least equivalent to one-t~velith ()f:) of thea~r~s te oi the twelve monthly ~ installments payable in the then current year plus the actual amount of the annual ts.tes, sseesements, ~r~ter rate~, and insurance premiums for auch year not oovered by the doresaid montLly p~ymenta. i I1. In the event of aay breach of #,his mortgage or default on the part of the Mortgagor, or in the event ; that any of said sums oi money herein referred to be not pmmpdy and fully pud according to the tenor hereof or in the event that esch aad every tbe atipulatioas, agreementa uonditiona, and covenants of said note ~n~ ~ this n4ottgage ~ are not duly, promptly, and iWly performed or i~ the Mortgagor be adjndicated baakrupt or ~ made defendant in s bankruptcy or receiverahip proceedic~; then in either or any auch event~ the said aggce- gate auuLmentioned iri-said note thet~ ren4 ' unpaid, with in6ecest.aQCrued to that time~ aud all money ~ secured hereby, shall becoine due snd psyab~orthwith, or thereatter, st t6e :option oi said 11tortgagee~ as 9 fully and complet~ely ae it all the said sums of money were origirtslly stipulaf,e~ to be paid on such day, an~- - ~ thing in ssid note or m this mort~age to the oontr~ notwitbstanding; and thereupoa or theresfter, st the option ~ ?a of said Mortqaqee~ without notice or demand, awt at lsa or in eqwty, mav be proeccuted i?a if stl moneva secured hereby-}?ud matured prior to ita inatitution. T6e Mor gee may ~orecloee tbia mortgage~ as to t~e amount eo declared due and paysble, and the asid premiees ahall~ sold to satisfy and pay the same together ~ with costs e:pensea; aid~ allowancea. In case of partial forecloaute of tbis mortgage, tbe mortgaged prera~ses ~ shall be so~d subject to the continuing liea of this mortgyse fur the amount oi the ~iebt not then dne sad ~ pnid. f In such caee ~he provisions of this paragraph may aga~n be av~iled ot thereatter irom time to time ~y the ~ Mortgsgee. g 12. No wr~iver of sny oovenmt herein or of ths obligatioa securec~ here~y ahsll at any tune thercetter be ~ Leld to be a ~raiver of tha tums bereof or of the note secured hereby. ` 13. 1'6e lien oE this instrument shall remain in full force and eSect during aay postponemeat or e~tenaion oi the time of payment of the indebtedness or ~ay part thercoi secured hereby. ; 14. This mortgage is givea to secure the purchsse money~ or a part thereoi, oi the landa hereia deacribed . ~ and ia e=ecuted aad delivered caatemporaneously with the deed theretor. ' 15. If tba Mortgagor deiault ia ~ny oi the oovenanta or agreementa oontained h~rein, or in said note, tben ~ tba Mortga~ee may perform the same, and all expenditures ('including reasonable sttorney's feea) raade by the Mo~g~ in so do~'n~g ahall draw intereat at the rste provided for in t,Ue principal indebtedness, ~ad shall be ~ repsyable tLirty (30) days dter demand, aad, together with interest and costs accrued thereon, ahaU be secured by thu mortgage. ~ 18. Upon the request of tba Mortgag~ee the Mortgagor stull eacecuta sad ddiver ~ supplemental note or ~ notes ior the sum or sums advanced bp t~e Mortgsgee tor the vteration, moderniz~tion, improvement, msia- t~enanoe, or npair of said pnmises, for taxea or aeeeesments ag~inst tlie same sad tor iny other purpose autl~or- ~ iud henunder. 3aid no~e or notes sLall be secured hereby on a puity with and as fuUy as it the advance a ~ e~idenoed tLenby were included in tbe note Srst de~cribed above. 3sid 1 note notgs ihall beu ~ ~a~ ~J~~ - ~ - - - - - .y~~~ z:::