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Home My WebLink About1343 _ . ? ~ _ ~ t,he deficiency. Such pay men~ shAll'be ~ynade ~it~ii~ ~ir1,y (30) days ofte~ written no~ice trom the ~Zoctgagee atating the amoun~ oi the deficiency~ which notice may bt+.~ivea by mail. It at any time the ~lortgsgor ahe~l tender to the ~iortgugee in accordance with the prov~ona ot the note aecured hereby. tuU psyment , of the entire indebtednesa represented thereby, the Mortgagee se truatee ahall, in oomputing the wmount o[ ` such indebtedness~ credi~ to the account ot the ~iort~agor any credit belance remuining under the pmviaioaa ot (a) ot said paragraph 2. Ii there ahall be a defuult under sny o[ the provisions ot this mortgaga resulting in s public sale oi the premisea covered herebJ?. or it the Mortgagee acquires the pmpert,y otherwiae ~?tter def~ult~ the Mortgagee as truat,ee shall spply~ at the time ot the oommence~nent of such proceedings or st the time the pmperty ia otherwiss acquired~ the amount then remai~ing to credit of Mortgsgor uader (s) of para~raph 2 preoedu~ as a credit on the interest eccured and unpaid and the balnnce to the principal then ret~u~uning unpaid on sai~ note. - 4. He wiR py? aD t~ase~, ae~eaements. wat~ee r~l~e~„ aod ot6ee tal ot muaiaiP~ ~~iEa. B~. ~ impait~ons, i4r wLieh provie~oa Laa noL been made Leninbefors, and dai~ulti t6ereot t6e Mort~,~'ee m~1Y P+a? ~ a~me; ~ad tbst Ls wW pe~o~mpf~ delivee the o~eial reoeipt~ fberefor i~o t6s Moit~. b. He will permit~ oommit, a~ wBer no wa~st impairmeat, a~ deterioratio~n ot edd prope~t~ oeany ~aet t6e~eof a~oept :+e~aoaabls we~s and teas• and in t6e sveat of tlre failure of the M_ r to keep the build~n~ on asi~ premise~ aud ttwss to bs ereete~ e~ ~id premises, ~ impe+ovements t6ereon~good npair t,he Morta,~aee auy malce eua~ t+epain as in its djsozet~oa it muy deean neoeeeary fos the P~P~ P~?~tio~ thee~eo~, aad the tu11 amount oi eacL and every woh p~ymea~ ~baU b~ dvs and p~ysb~s thir~7 (,0) d~ aite~ dem:nd. ~nd t6aU bs ~ecurai b~? ths liea of tLia martp~e. d. He wlII p~y ~Il and angular tbs aosts, aad eocpeases, indu~ins reasunsbls Lwy~r'~ feee, and ood~ af abatraaEs of title, iaaurred or paid at a~+ time k~~ort;sgee beeaw+e of the failure on the pat ot the Mortg,s~or pe'omPt~y and t~o perform~e a~e~ta and oov~nante of s~id promiaeory note aad this mort~ , and sa:d ooats, cbergee. ~e~penses a6aU bs im~o~edi:tebr doe and py?abis and .6all be secured by the lien of tbis mort~s. 7. He w~l oontinuom?~ maintain bas~rd i~ursnoe, oi such type or t~pes snd amounta as MQrtgages ma~ irom tima to time requirs, on tbe imp~+ovements now or bereafter on eaid pnmises and e~coept whea pa~meat tor all sucL p:;emiua~s has tLeretofors been made under ~(s) of paragrs~?h 2 bereoi ~e rviU p~,y pmmptly ~rhed due any premiums therafor. All i~uranoe sball be carried in eompanies apProvea b~ 1liortgagoe aad tbe pol~ cies and n~ewsls t~ereof ~hall be Leld b~ Mortgagee aad ha~e ~ttac6ed thereto loes psyable cTauses ia i~vor of aad in form a«:eptabls to tLe M In svent oi bes he will give immedi~:ia not,ioe by mail to Mortgagee, aad Martgsgee ma~ m~?k~e,pmof~~~ it noti auds p~+ompt~y ~by Mortgagor, and 1Oe~ insuraacs comp~w~? ooncerned is herab sutbon~ed and direeted to maice payment for snch loes dii+ec~y to Mortgsges unt~ead of to Mo r and ~o om and the insuranos proceeds, or aqy past tbere~f may be app7ied'by 1liort- ~6~ p ~agee st ite o tion eit6er to uction oi the indebtednees Lereby secured or to t~e reatontion or re oi tbe propest,y d~maged. In svent of forecbsure of tLis mo~or other transfer of title to the mortgaged - property in ~ oi tLe indebtedn~ess secured hereb~, ~right, title, snd iaterest of the Mort;agor ia and to an~ insuranoe policie~ then ia foroe sLall pass to tLe pun~baser or grantee. 8. He wilt not e.~ecute or Ste of reoord any inetrumen! w6ich impoees a restrictioa upoa the sale or oocu- pancy of the property described herein on the baeis of race, oolor, or creed. 9. If the premisea, or say part thereof. be condemned under the power of eminent domain, or acquired for a puhlic use, the d swsrded, t6e proceeds for the ta~ing of, or the consideration for such acquisi- tion. to the eztent nf th~ amount of the rearaining unpatd indebtednees secucec~ by thia mortgsge, are hereby assigned to the Mortgagee, and his heus or assigna} and shaU be paid forth~it6 to said Mo r-tgagee or his ee w be ap lied on aooount of the lsst maturing inatallments of such indebtness; provided,bo~- p ao 0 ever, th~ortgsgl~e or 6is assignee, msy st his discretion pay direct to the Mortgsg~or~ his heira or sssigna any part or all of such aWard; pmvided, that if the loan is guarant~eed or inaured, ~he oonsent of the guann- tor or inaurer ia obtained in ad~ance of saidp yment. . 10. The Mortgagee m~y, at anp time pend'~nsg a suit upon tms mo~a~e~apply to the court hsving jarisdic- ' tion 4,hereof for the sp intment ot s receiver, and such oourt ahsll fo wn a~point s receiver of the premises ' uovered hereby all an~iingiular. includin~ alI and aingular the iaoome~ pmfits. ~asuea, and revenues from ~rhat- ~ ever source denved, each and every oi vrhich it beu'~ e=presely understood~ ie bereby mortgaged as if apecifically ~ set forth and described in the granting an~ Labeadwn clsuses bereof. Such appointment sh~ll be raade by ~ such oourt as an sdmitted equity and a matter of ab~olute right to said :4lortgagee, aad without reference to ~ tLe sdequacy or inade. qu~cy of the vslue of the property mortgaged or to the solvency or insolcency of said ~ M tgag r or the defeudanta. Such rents, pmfita, income~ ~ssues, and revenues shall be spplied b~r such receiver aca,~~~+ding t~ the lien of t,6is mortgage and the practice of such cwurt. In t6e event of aay defsult on the part of the Mortgag~nr hereunder, the l~iortgagor a~rees to psy to the :VIortgagee on demand ss a reasonable monthly reAtal for the prem~a an amount ~t least equivalent to ono-tvre.lfth of thea~r~s te of the twelve monthlv inatallmenta payable in the then current year plua the sctusl amount of the annual taxes~ aseesamente~ water rates, aad insurance premiuma for such year not oovered by the aforessid monttily payments. l l. In the event of any breach of thia mortgage or default on the part of the Mortgagor, or in tbe eveat thst aay of said aums ot money Lerein refen+ed to be not pmmptly and fully gaid aoc:ording to t~e tenor hereoi, or in the event thst esch and every the stipulations, agreements, aonditions, and oovenants of r.~id aote snd t.his mortgsge, are not duly, promptly, and fuUy perforaned or ii the Mortgagor be adjudicated bmkrupt or made defendant in ~ beuhruptcy or receiverslu~ proc~edinp; then in either or say such event, the aaid aggre- gate auiri mentioned in ssid note then remainwg unpaid, with interest accrued to th~t time, and ~11 money secured hereby ehall become due and p~?yable forthwith, or tLereafter, ~?t the option oi said 1lfortgagee, as fully and comp~etely as it all the said sums of money were originally atipWated to be gaid oa such d•y. anr- thiag in ssid note or m this mort{~ago to the contr~? notwithstanding; and thereupon or thereefter :et the option of said Mo~tqa~ee, without noUce or demand, awt at Is~r ot in eqwty, msv be prosecuted aa if all moneva secured herebyhed mstured prior to its inatitution. The Mortgsgee msy forecloee thia mortgage~ ss to the amount eo der,lared due and payable, aad the said premiaes shall-be sold to satasfy and pay the sune together witL costa espenees, aad allowances. In csse of pertial foreclosure oi thia mortgage, the mortgaged premises shaU be so~d subject to the continuiag Uen oi tLia mortgySe for the amount of the debt not then due and impAid. In such case tbe provisiona of thia paragraph may ags~a be availed oi thereafter imm time to time by the Mortgagee. 12. I~Io ~vsiver oi sny covenant her~ein or ot the obligstioa eecured henby ahull st any time theres(ter be held to be s waiver of tbe terme hereof or oi tbe note sccured hereby. 13. 1'he lien of this instrument shdl reaaain in full force and effect during any postponement or exteusion oi the time oi paynnent ot the indebt~dness or any pa~rt thereoi eecuted hereby. 14. 1'his mortgage ~s givea to secure the purchase awney, or ~ part tLereoi~ oi the lands herein described . aad is e~ecuted and deUvered contemporaneously with the deed therefor. 15. If tbe Mortgsgor deiwlt in any of the oovenaats or sgreeraent,s contained herein, or in ssid aote~ thea tbe Mortga~ee may.pertornn the same, aad all expenditures (including reasonable attomey's fees) msde by the Mo m so dou~ ahall dnw interest at the rate pr~vided for in the principal indebtedness, aad sl~sll be ~ ther wnth interest aad oosts wcrued tLereon shi?U be sccured repa sb e thirty (30) days dter demand, and, tog~e . ~ ~ - _ 18. Upon tLe request of the Mortgag~ee the Mortgagor shall executa and de4ver a supplemental note or not~es for t6e sum or aums advaaced by the Mortgagee for the altention, modernizat,ion, impmvement, m~in- teaance, or repair of said premises, for tsaes or assessments againat tbe 8ame and for sny other purpose autbor- ised henunder. Said note or notes shall be secured hereby on a parity with and as fully as it tlie advance e~id~oed th~nby were included in the note finL deecribed ~bove. Ssid sup~e~e t,~~° te or ot.es ahaU beu 600K~~V PACE~~~U - - - _ _ ~~r=~