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Home My WebLink About2221 . ~ the deficiency. Such pay meot s~natio ~titl~ip,t~irty (30) days atter wri~ten no~ice from the Viortgagee ~ ata ~ing the amount of the defi~~e~c~,~ lvhicM (qtice s~lay be ~~ven by mail. Ii st any ~ime the ~iortgagor 1 sha I tender to the Mortg~?Ree in acconlb~ice w~th tlie provisio~s ot tl~e no~s secured hereby~ fuU pay?me~t of Lhe ent,ire i~debtednesa reprc~sented thcreby~ the Mortgsgee as trustee ahall, in oo~nputinR the smount oi ~ such indebtednese~ credit to tt~e account of the :~iort~a~c~r any credit balence remaining under the pmvisioaa ; ot (a) ot saidparagraph 2. If there shaU be e default under eny ot the provisioas of this mortgage resulting i in • publie sale of the premisea covered hereby~ or it t,he Mortg~?gee scquices the property otherwise aiter . ~ detault, the Mortga~es as trustee ahall apply. at the Wme of the oommencement ot such proceodings or st the time the pwperty is otherwise acquired, the amount then remsining Lo credit of Mortgsgor under (s) of ~ paragraph 2 preceding as s ctedit on the intereat accured and u~paid snd the balance to the principal then remaaning unpaid on said oots. 4. He wW P4~ all ta~oe~. ~we~menta. watee rate~, ao~d otLes pvernmental Ae munidP~1 eh~e~a. 8aes. or impoeitioas. foc w6ieh provision Lns not been m~de bee~eiabetare, ~ad in detwit thereof ibe DdortPi~ ~W? P~Y ~ woe; and t~hut Le will prompt~jr ddlv~er tbs o~c~ia! reo~pts t6eretor to tbe Mortg~ges. b. He will perrait~ oommit, or a~e~ no w~sts. imp~trmeik or dete~oration oE said p~+operly oeaqy ~arti th~enof ea~oept rmeonabis wear aad tear• and in t6e e~rea0 ot tbs failure of ~Le Mart~?aor to keep the buildin~ on eaid pcemiee~ and thase to bs erecte~ oa edd pe~emiees, oe improveaa~enta tLereo~a, In ~ood repair tbe Mort6~ae,e m~1? mske wch :ep~ain as ia ih disae~etion it may deem nsoewry for tLe~~ p~reservation thee~eo~. aad the full amouat of eaoh aad every wob? p,yaieat ~alt bo d~e and P~1Y~ ~i'~Y ~ aftet de~oaa~ aad ~all bs aeaured bl? tLs tien o[ thi~ mott~~e. d. He will p~y a1! sad einsuL~r tbs oosts. dh~~es~and e~pemes. includina nasonsbb Lwye:'~ fas, and ooN~s of abste~ts of tit~e, ineun+ed os p~id at aqy t3me by ort~ee bec~uee of the failure oa the part of tbe Mort~or p'~PWY ~fi~y io pertotm tl~s aareements aad covenants d said promieeory not~ snd tt?is mort~.ae. aad said oos~„ ch~r~, aad e~p~es shall be imme~iste~j? due and p,ysbb aod .6~U be.eeured by the lien of,tLis mort~s. 7. He wiIl oontinuous~ nuintain h~i+~ i~iurf?noe. o~ sucL tijps or t~pes sad amounts as Mort~ages m~~ trom time to time require, on t~he improvement~ now or Lee+eai`er on said p»mises and exeept w?hea p~meati for ~Il such premiums D~a theretotore been msde nndar ~(a) of paragn~h 2 hereoi ~e will pay Prompvy wLen due any premiums LLeretcr. All insuranoe shall be carried ia oomPanus aPPmve~ b~ I?io~~ snd t,he pol~ cies and renewak thereoi shall bs beld b~ Mortgagee and La~e a~t~ached tbereto ~oes psyable cTawes ia favor ot and in form aooeptabl~e to ths M In e~ent a~ bes be will give immediate notioe by mail to Mort6~, and M mate groofa~~ ii no~ made pt~omPt~ by M~8'cr. and each msuraaos oompan~ oonoern~ed~s~ere~b y`~_~uthori~d snd directed to make psyment for such loas dit+sct~y to 1ldort~ee b tead ot to Mort$cgor aad Mortgagee jointly, and ths ir~anranoe pmoeeda, or aq~ p~ ~ere~~ may be apFtied y 111or~. ~agee ~t its option either to tbe reductioa ai tLe indebt~ed~s Lereby secund or to t~he restoratwa or rspair of t~e prope~rty dama~ed. In event oi foreclos~u+e oi tLis mo~gag~, ~or ot~er ~er of ti~le to tLe mortgaged property in ezt;nguiahmnnt oi tLe indebtedneas secured Lereby, all rigLt, title. and intereeti of the Mortgagor in and to at~ ineuraace po~ie~ tben in foroe a~all pass tio !Le purchase~ ar grantee. 8. He wili not ezecute or Sle of record sny instrument which impoeee a netrictioa upoa the sale or oocu- psncy oi the property deecribed herein on the baeis of race~ oolor, or creed. 9. If the premises~ or any part thereof, be condemned under the power oi eminent domain, or soquired for a ublic use, the damages awarded~ the roceeda for the taking of, or ths consideration for such e?oquiai- tion, o the extent of the full amount of the remaining ung~aid indebtednees s~cured by this mortgage, are hereby assigned to the Mortgagee, and his heirs or assigna~ and ahal~ be psid fott~~ritb to said Mortgagee or his ' nee to be epplied on account of the last msturing inat~lttn~ts o'i such indebtness; provided~-ho~- ever, tLe ortgag~e or his assignee, msy at his discretion pay direct to the Mortgagor, his heirs or a~igna any part or all of such award; pmvided, that if the losn ia guaranteed or insured, the oonsent of the guaraq- tor or inaurer is obtained in ad~ance of said ymeut. 10. The biortgagee msy~ st sny time pen ing a suit upon taus mortgage apply.to the court hevin~c jurisclic- tion thereof for the appointment of s receiver, and auch oourt aLsll fort,bwit~ s~point ~ receiver of the premises eovered hereby all aad singular~ includin~ all and siagular t6e inoome, profits, ~ues, md revenues from ~rhst- ever eource denved, each and every of vrh~ch it being ezpreee~ly understood, is hereby mortgsged es if specificaqy ' set forth and described in tbe gn?ntin8 aa~ h~bendum clsuses hereof. Such sppointment shall be made by ~i such court as an admitted equity and a mstter af abaolute right to said 111ortgagee, and ~rithout reference to ~ the adequscy or insdequacy of the value of the p~operty mortgsged or to the solvency or insolrency oi said { Mor r or the detendanta. Such renta, profits~ income, ~asues, and revenues a6a11 be applied by such recei~er aoco~ to the lien ot this mortgage and the practice oi auch opurt. In the event of any default on the part ot the Mortgag~or hereunder~ the 111ortgagor a~rees to pay to the'•1~fortgsgee on demand as ~ reaeonable monthlv rental for the premises au ainoun~ at least equivalent to one-twelith (3{:) oi thea~r~s te of the twelve awnthlv inatallmenta paysble in the Lhea current year plw the actual amount of the annud taxes, aaseasments, w~ater rstes, sud insurance premiuma for such year not oovec~ed by the atoressid monthly paymeuts. 11. In the evegt of any breach of this mortgage or defsult on the part of tLe Mortgagor, or in the event thst any of said sums oi money herein referred to be not promptly and fuUy paid scxording to t6e tenor hereof or in the event that each and every tLe stipulationa, agceements, eoaditians, and oovensnts of ssid note an~ this mortg~ge, are not duly, promPdy, and tully pertormed ar it tl~e Mortgager be adjudicated bankrupt or made defendaat in a bankrvptcy or t+ece~ve~ahip proexxedit~~e?;,~?en ia either or any auch event, the said aggre- gate suu?.mentioned.~n swid note~then rem unpaid, wiW intpa~es6 accrued to that time, and all money e 'n eecured hereby~ s6s11 become dne snd psyab~orthwith, or thereafter, at the option oi said 11iurtgagee, aa fuUy and comg~etely aa it all Lhe said eums of money were originally atipulated to be paid on such day~ an,r- thing in said note or m this mort~age to the conirarY notaitLstanding; and t6ereupoa or thereafter, st the option of sud Mort,~agee,~?ithout nohce or demmd~ sw6 ~t lawr or in equ~ty, mav be pmsecuted ~e if atl monevs secured hereby-had mstured prior to its institution. The Mortgagee may forecloee t~his mortgage, es to the amonat so declu~d due and psyable, and t6e said premises shsll-be sold to satisfy aad pay the sune tugether with costs expenses~ and allowdnces. In case oi putial foreclosure ~f thia mortgage~ the mortgaged pmcnises ~ ahsll be so~d subject to the conlinuing lien of thia mortgage for the smount of the debt not thea due end ~mpaid. ~ In such case the proviaions of tbis puagraph m~y agun be avs~ed of thereafter fmm time to time by t6e tBagee• Mor 12. No wniver of en~ oovenant 6erein or of the obligation secured hereby shsll at any time thereefter be held to be s wsiver of the tenns hereof or of tbe note secured berebq. 13. Tha lien of this instrument s6a11 remain in fuIl force aad e~iect during sny postponement or extension of tbe time oi payment of tbe indebte~ness or any put thereof secured hereby. 14. 1'his mortgage ia given to eecure the purchaee money, or a put thereof, of the landa hereu? described aad is ezecuted and delivere~ contemporaneously with the deed therefor. 15. If tLe Mortgagor default in any of the covenmte or agreeraenta oontsined herein, or in said note, then tLe lbiortgs~ee may.perform the asme, aad all expenditurea (mcluding reasonable attorney's fees) made by the Mo~~ un ao dou~g shall draw interest at the rate pmvided for in the principal indebtednesa, and s1~a11 be repsyable tbirty (30) days atter demand~ aad, together with intereat and costa accrued thereon, shall be secuted by t~w mortgage. 16. Upoa tLe request of tbe Mortgag~e tLe Mortg~gor ahall execute aad de.liver a snpplemwtal mote or notee ior the sum or aums advanced by the Mortgagee for tbe alteration, modernization, improvement, maia- t~eamce, or npair of said premises, for tsxes or aeeesauienta against t~he aame sad for aay ot6er purpose author- = ised Lenunder. Said note or not~ea s6all be secured hereby on • puity ~rith and aa fully as ~t the advance e~ideaoed tbenby were iacluded in tbe note firat d~scribe~ i~~ P~£~~~~~ental note or notes ihall bear ~ U_~v o0R ~ : ~ ; - - ~ 4-~ -~.~-1~~~- ,.~-h~-~, -