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Home My WebLink About1519 t,he deficiency. Such pay ment ahall ~i~;tfi~l~w~ttr'iti tt~~'~~) daya stter writtsn notice tco~a the Mortq~?gee staiing tha e~nount of the deficienc~t; ~rhu6 notice may be.~iven by mnil. It at eny tune the Mort~~or sl~~ 1 tender to tl~e 4ioctgx~ee in sccordance with tl~e provia~on~ at the note secured hereby~ tuq payment ot the ent~ire indebtedneea repr~ented thereby~ the Mortg~gee ae trustee ahAll~ in camputing the ~mount ot such i~debtedneas~ credit to the sccount ot the MortAa~or any crodit balence remeinin unde~ the provisions o[ oi seid paragraph 2. It there shnll be a default ander anp oi the provisions of ~is tnortgsge result~ng in a publiE sals of the premiaes co~ered hereby~ or it t~he Mortgagee acquires the pmperty otherwiee after def~?ult~ ths Mortgagee aa truatee ahall apply~ st the time of the ooazmencement ot auch proceedinga or at ths time tt~e prnperty is otherwise acquired, the •mount then remaining to credit of Mortgugor under (a) of para~raph 8 pheed~ng aa s credit on the i~tereet ~ured and ungaid and the balsnce to the principsl then ['eA'1~lIIlDg Wlj~ OII Mlf~ nAf,e. ~A ~~7 ~ ti~~ ~~b, wifi!! R~ Yd ORblt W a' m1~CjPV C~i[~l~. $D~~ 0! ~~~4 f0! ~Qh pTOYid~OII ~ ~ bECII ID~0 ~lII~Oib, i~ lII dCtiWt ~PeOE ~ ~Oi~ ID~~I ~ ~ r~i iDd ~1Lt LO wW j~j1L~1 ~Yai ~ O~C~I Wei'EIO[ ZO ~ MOi'f~jM. b~ Hs wID permi~, oommit, o~ a~er ao wa~s, imp~irnn~~ or det~ioration at ~~id p+opectjr oeat~? thee~eoi e~oept ra~sooabie we~e ~nd t~ear• a~ ia t6e evea! ot t6e i urs af tbs Mort~oe to keep tl~ bulld~i ~ ai~ peemire~ aad Lhore to bs ersetec~ an ~d premieer, ve improv~b tLereou~ in 6ood npair tbe Mort6~'ee m4q md~e woh rep~iss a~ ia its di~+elion it m~?y deem neoeaeary far tbe~~roper pieservstion thei+eo~~ and the iull amount oE ~aoh and every woh p~yment ahaD b~ dus aod P~Y~ ~7? (~v) dya dtee demand, aad ~all bs ~eaured by tbe lien cf tW~ moetp`s. ~ ~b ~ ~ ~ ~h~~?r~es~ reasona e a. Hs w~l pyr all and t6s qQsw, aod ea~pewe~, inaludina reasonab~e bwyer's fea, and ooev t6e o~t~ee beau~ee of t6e failura on tbe part of the M~ p~anPt~jr and to peztarm t6e a~reements and ooveoants af esid promieeury aote snd thia mo~t~e oosb. cbarse~. e~Pea~e~ al~ll be immediat~ely due aad p~yabi~ and a6aU be reeured by t~e liea of tliis mort~e. T. He will oont3anou~ maintain Lasard 'msnn~oe, of such t~pe or t~ypes and amounts as Mortgagas au~ ~+om tima to time requirs, on fhe ianp~~ement~ now or het+s~iter on said p»mises and exoept when pa~ment tor all suc6 pi;emiums La~ theretofore been made under oi paragn~h 2 Lee+eoi ~e will p~y pmmp~y when due any premiums theretor. All inauranoe aLall be carried in oomP~~ MPro~ea b~ 11i~~ and tbe poli- cies and reae~wals t~hereoi shaU be held b~ Mortgagee and ha~e attacLed tbereto bss p~ysbk cfiuses in favor oi oes ~nd in form aoosptable to tLe M Ia svent ct loes he will give immediate notiue by msil Lo Morfgages, ~nd Mortg~a m~ mak~s p~~oat ii noi a~ads pe~ompt~ b~ Mortg~gor~, ~ad Mah mau+ano~ aompaq~ ouncerned autLori~d and directed to make p~yment for auch las direc to M mste~d oi t~o Mortgcg~or and ~ortgagee jointly, and the insurairee prooeeds~ or an~ paet thee~~ my be a~. by 111orw gagee ~L its option either to tbe reductaon oi the indebtednees hereby eecured or to the restontwn or oi tbe pmperty dama~ed. in event of forecloswre oi Lhis mo ~ge~~or otheT transfer of title to the mo~~ged per~ in estingu~ehment oi the indebtedness ~eccured herab~ y, W righ~, title, and interesL oi tbe Mortgags?r e and to aay insur~nos polici~es~ tben ia foros aball psss tio ths pnrcb~eer or grsntee. 8. He will not ~seeut~ or fi~e oi reoord any itlstrument which imposee a resteietion upon t~e sab or oocu• P+~Y ot tha property deecribed herein on the bssis of rsoe. eo~or, or ce+eed. 9. If the premisee, or any part thereoi, be condemned under the po~ver of eminent domaiu, or acquired for a public use, the dsmages awarded, the pmceeds for the of, or the oonsideration for sueh aoquisi- tion, to the extent of the full amount of the remaining wnpsid~~btednees, secured by this mortgage, ue herebv assigned to the Mortgagee~ and 6is heira or assigns, en~ shsll be paid. torthwith to said Mort- gagee or hia ee to be app tietl-o~ a~ccount-oi the lss~ ms6~tring instdN~nents of eue~-indeb~ese; pravidei;-hoc:~- _ ever, th~ortgag~e or his sssignee, may ~st hia discretion pay direct to the Mortgagor, his heirs or ~asigna any part or all of such award; pmvided, t~ha6 it the loan is guarant~eed or inaured, Ohe oonsen6 of the guaran- tor or inaurer ia obtained in advance oi saidpa yment. 10. The Mortgagee may. at snp time pen 'ding a auit upoa tws mortgage apply.to t4e court havin~ jurisdic- ; tion thereof for the sppointmebt oi s reoeiver, and such oourt aball fort6wit~? s~point a reoeiver oi the premises ; oovered 6ereby all and smgulat, iaclud'u~ ~Il aad singula the income~ proSta, iesuee, and revenues irnm vrhat- ~ ever soun~e denved. each and every ot w~luch it being expressly understAOd~ is hereby mortgsged as if specificallv set forth and deecribed in the granting an~ habendum clauaes 6ereof. Such appointmeni shall be made bv ` such court as sn admi~ted equity and s msttet oi absolute right to said Mortgsgee, and`without reference to ; the adequacy or inadequ~cy of the value of the property mortgaged or to the solvency or insolcency of said ~ M or the deiendants: . Such rencs, profita, income, ~uea~ aad revenues ahall be applied bp such receiver ` a~aa~~to tbe ~ien of this mortgsge and the practice of euch c~urt. In the event of any default on the psrt ; d the Mortgsgor hereunder, thE biortgagor e~rees to pay to the Mor on dernu?d as ~ reasonable monthlv ; natal ior the pnmises aa amoun~ at least eqw~alent to one-twelfth of theagg~a te of the t.velve monthlv ~ installments payable in the then current yesr plus the autual amount of the annual tsxes, aseea~nents~ ~rater ntea, and insurmoe premiume for such year not oovered by the doresaid monthly paymeats. ~ 11. In tLe event of any breuch of this mortgage or defsult oa the part oi the Mortgag~or, or in the eveut ~ tLat any of said sums of money herein referred to be not promptly snd tully paid oaArding to the tenor hereof or ia tbe event that each ~nd every the sti ulations~ age+~emea , eonditions, ~ad oovenanta of said note an~ - Y P~Tfocme~ ~o ibe 1CSortgagor be adjud~cated bwkrupt ot ~ t6is mo - a-~ e~ are ao~ du-Ip, P~P~y. !i? - . - - - made defendant in a baalcruptcy or recxavenhi~ proceedu~~s; then. iq either or aay wch event, the said aggre- ~ gaf,e' su~q s~ationed in sai~. nqte tb~enrema~n~ng unpaid, witb int~ accrued to tha~ time, and all aancy secured henby ahs~ b~Ome due and pay~ble Torthwith, or th~eJter, at the opti~n of uid I?iortg~gee,~s ~ fully and Qo~anpfetely aa if all the aaid enms o! money were originally stipulated to be~a id on such day~ ant- thing ~n said note or in tJiis ~rt~age to t~e contrar~ notwithstanding; and thereupon or there~?tter, st t~he option ~ of said M tgs~e~~ wiehout not~oe or demaad. sw` at law? or in eqwty~ mav be prosecnted as if all moneva ~ secured hereb~~ y- ~tied matured prior to its inatituLion. T6e Mortgage~ maq ~oreclose t~his mortgage, sa to t~?e ~ amount so decl~red dua and p~yi?ble, ~nd the s~id premises. shall be sold to satisty and pay the same together ~ w?ith costs e~penees, and allowances. In caee oi putiai foreclosure ot thia mortgage , th~e mortgaged premises _ sLsll be soid aubject to the continuing lien ot this mortga~e for ibe amount oi the debt no~ then due ~nd ~mpsid. - In such caoe the provisions oi ihis puagraph msy agun be ava~ed oi thereatter from time to time by the - Mortgagee. ~ 12. No ~v~iver oi an~ oovenant herein or ot t6e obligation eecured hereby ahsll •t any time thereafter be ~ Leld to be • waiver oi the terms hereof ot oi the note secured herEby. a 13. The lien of this instrument shall remain ia full force and effect during ~ny postponement or extension ~ of the tame oi paymeat of the indebtedness or ~ay part thereof sccured herebq. ~ 14. T6is mortgage is givea to aecure the purch~se money~ or a par~ thereoi, of the laAds herein described ~ and is ezecuted and delivered contemporaneouely with the deed therefor. ~ 15. If the Mor~gagor default in aay ot the ooveaaues or ag~eements contsined hea~ein, or in said note~ t6en ~ the Mortga~ee may perform the same, and all eapenditures rncluding reasonaWe attorney's fees) made by the Mortgagee m eo dow' gsLall draw intereat at the r~te provide~ for in the principal indebtedne~. wd aball be nps able thirty (30) d~ys aiter der,aand, and, together with interest sad casts accrued thereon~ shall be recured ~ b, . . ~ 16. Upon tLe sequest of tbe Mortgagee tLe Mortgag~or sha31 ezecute and deliver • supplementsi aote or ~ n~otes for tLe aum or anms advanced by the Mortgagee for th~ alteratioa, uwdernization, impmvement, main- ~ tea~nce, or npair oi said premises, for t~xea or aesessments against the sune and for any other purpose autLor- iud Lenunder. Said note or notes eL~ll be secured hereby on a puity with and as fully as d the advance eoideaoed tLenby were iacluded in the no* ~s~~bed ~q ~d aupplementa! note or notea sha11 beu 8001( PACE 17.1 ~ - - ~ . . . . - __..'.~~g