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Home My WebLink About0818 ~ ~ ' : ~f s. 'rMt ~e wttt p.r.lt, ca..dt. a~.Ke~ ~ ~}.u.1~ . a dNs~io~ba ot said a~~r a~r P~ tiw~ot: ~d ~ tiw we~t ci tM tallw~'ot th~~iettp~ot t~ ' tA~ bdlldl~p oa said pn~ists ud tbost tob~ •trct~ a~ti~ p~s~is~s. or [e~pcov~~nts tl~teoa~ l~ ~ood c~p~ . tb~ ~oe~p~ ~ay ~ala snch np~irs as ia ib dlrct~tlo~ !t ra~? d~tw a~cass~ep fa ti~ qop~t prs~evatioa tl~c~at. ~ad tb~ Poll ~aount ct Mch aad ~wry sucti pqr~ s1~U b~ lww~dlat~ly dw a~d p~yrbl~. aad slwU b~ s~cnnd bq tb~ ll~ri d t61s oatpoe. 6. 'f~ bt ~tll p~y aU aad sla~~lac tb~ costs. cl~ups. ~ad expeas~s. i~clwita~ ce~scaable lawyer•s Eees. ~a~d costs cE abste~cts of tltk~ iocnned ar pajd at aay tiw bytbe ioetp~ b~canse oE tbt failure oa tbe put af tLt oatp~ proaptl~r aad Enlly to perfaw t1~ ap~sweab ud cawa~~ d wld p~ostssay aate and thls oat- p~e. sna sajd casts. cba~ea. aod ~sp~ases slwil be iawedlately dw •od p~yable and sh~ll be secuced by t6e l~a cf thls aat~e. , 7. '1'wt he wlll keep tha inpcovements naw e:lstlat a beceafter ecected on tl~e mat~ed propeKy. iasured as • ~e~p be nqulred fcom tt~ to tlee by tbe oa~t~,a~e~ asa~st loss by fire acd otbt~ bosards~ casuplt~ss. aad coatin- ~eocles Ia snch aoonats aad fa snch periods ~s ay be e~eqnired by oatV~ee. and w!U PaY P~P~Y. when due, aay ~emiwr oa su~6 iasorance Ea p~yaieat .cf wl~lch pcovisiou 6as not bsea a~ade bereinbefae. All insnc~+Ce shall be c~ucied in comp~ni~a approved by Aatp~eee iud tbe pol~eies aed rene~wals the~eof siwll be held by woet- • ~a~ea pad have attacbad thee~eto loss p~yable. c4uses: io favar 0~ aad in foc~a acceptable to tlie mortpgee. L~ event ot loss l~e will ~ive immediate aptia by ~il to. aaR~l apd satt~a~ae m~y ~aloe Proaf of loss It aat m~de P~P~Iy bY ~&~ia. aad each iasuraace e~ p~~g gopceraed is hereby authccised aad directed to m~ka paymeat fa snc6 loss dieectly to mat~agee inate~`d t6"oiet~aga aad matgagee joiatly. and the insursace pro- cesd~. a a~r part thereof, awy be applied. by.eat~gee a~t its optlca either to tl~ reductioa of the iadebtEdaeas baeby sec~ced a to the te:stocotiou a repalr, a~ ths proQeitX da~sged. In event of fareclosure aE this awrtg,agc a. other trapsfir af title to tbe soet~aged ptopesty id ~~atia~ulshs?4nt of t6e Ldebtedaess sec~red Lereby. all right, titls. nnd: i~erest of the ~octpga ia aal to any insuraoce policies thea in face aheU pess to tbe purcha~er a g~aatee. . . _ - 8. '1'Iwt t6e OoetBa~ee aY,'t aay tlme peadiag a~pit upoa this mat6pge. apply to the court baving jucisdic- tioa t6ereaE-fa t6e appoiatwent of • receiqer. and sucb,cqt~ shall fpthwith appoint a teceivet of the ptemisest covereit beceby all an~ siagntac, iaclnding aU aod singuLr We ~ncoae: prdiM; issnes, ~nd reveanes from alwtevec ~ source dedaed,.mac6 ~ad every af whicb, it belag ezp~essly unde~stoo~, is.6ereby matg~aged eis if specifkally set forth aad desedbed ia the gxanting aa1 Labeadua clanses hereaf. and such esceivei ~hall 6ave all the broQd aad effectixe ~~waF aad po~~r~ iq.aa~rwisa eutru~ted by_a ~ouet tg_a rl~~ce+ivec, and ~pcb appointmeat shell be nwde by such .caut ~ui. an'admitted eguily; wi~ a,matter o~ a~ol te ri~t to sa~~ matgagee, aad aithart refecence to the edMus~Y a:ina~e~uacY of tbe val~ ot tbe Pr~pertY mact8~e~ed. .R~c to the solveacy a iasolveacy.qf said,aioetE~Qoc o~ the defep~eats. 4~d tbat ~nc~i eents, pcdfits,- iaco~ne, Issn~s, en~ tevenues shall ba applied by s~cA?~ceiver ~ accaeding to tbe 1#en of N~is ~mdhgp~'aAd tt~'~ctice of s~ch,cq}trt•';~n,~tbt.eves~t of aqy defpult on the p4et of the-. mart~agor heceander; 'lhe~~ matYgag~ o~nees ta p~~ to fl~e mat~gee oa denwnd as a r~aoagbl~ ~oathly rentollot the. preoMes ambndt at~ least~ cq~ivakat to oae=twelfth~(~~12~) of'tbe ~4ggr~g,ate of the twelve monthly iastall= ~ ment$. p4yabie is th~ tLea ~e~trcent _ryear plos. the actwl siaint o~ tb~ adnnaT ta~s. assess~~s, aater rates. and ins~tance PceAtuaa} fo~ such year not covered by the afocesaid moathlY PoYmeats. 9. ; Th~,.TQ) -iA-_tbe evept `of any bc~ch_ d this . 4 or default ai the pa~t of tbe mort~aga, or ~b~ in the eveat t6at any--cf soid s~ms cE money berein referred=t~o~e not promptly aad fnlly peid MrlthoQE demaad or aotice. or in t6e event tLat each and every ~ the stipulatious, ogReemeats, ceoditioos, aad coveaeats of said note nnd this matga~, ~ na a~y. psomptly, aad fully perfarmed; thea ia either ac aay snch eveut. the said aggceg,ate - swa mentiooed in aaid note t1~en remaining unpaid, w3th i~erest eocrned to t1~t tioe. and all mooeys secue~ed hereby, s1wU become due end payable fathwltb, a there~ftec. at the optioa of said martg,agee, as fnllq a~ com- ~ pktely as if all qE tl~e~ said sums aE money were origineUy stipulated to be ~aid an such day, anythiag in said note a in this moetg,~ges to the coatrary aot~vithstaadiag; and tbereupaa oc tbereafter, at the option of said matga- gce, aitl~art aotice or demend. suit at lap a~ in eqnity, moy be prosecuted as if all moneys secured hereby had matared pd~ to its in:titntian. Tbe eat~agee may foceckse this mort~pge, as to the amount so declared due and payable, aad tbe a~id prewises.is1w11 be sold to s~isfy and pey tbe same togetber wlth costs, expenses.and allow- ances. Ia c~e of pactial foeeclosure of this moctgpge, the matg,aged peemises shall be aold anbject to the.coa- tinniag Ueo of tbls matgage fa the aaeouot of the debt_ aot then dne and uupoid. In suc6 cose the provisions of ~ this porageaph may ag,sin be ava~led qf thereafter from time to time by the matg,agee. ~ 10. Tha~ t6e matg,~goc wlll give immediate aotlce by mail to the mortgpgee of aay coaveyaace, traasfer, or ~ chaege oE awaer$blP.bf the pcemises. ` - . - . ~ . ~ 11. That ao i~uvet>c~ any covenaat herein a of the oblig,atioa secured bereby ahall at any time thereafter~be 6e1d to be a waivec ot'th~e.Ereaos haeeE oc of the uote aecnced 6ereby. . t 12. TCwt ~f the~matgagar defeult in aay of the covenants a ag,reements coataiaed herela, ~x in said aote. ~hta the ~ortBP6~ ~Y P~do'im tbe sem~, and aU expendit~res (inclnding reasoaable attaaey'~ fees) made by the mortgagee_in so d~ shall~dcaa interest at the rate set fath in the nate secaied he~eby, aad shall be repayable immediqtely and ~?ittwat-dQmaad by tbe matgaga to tbe mortgagee. and, togetber wit6 interest and costs accruii?g tbereoi~,.-slwll be se~~ by this mottg,sge. . 13. t6at"tpe a~~i~lg of a writtea ndice ac demandaddcessed to tbe o~ner d recad of the matgaged pcemises, or directed to the said awaer. at the last address actually furnished to the ~octg,egee, a directed to said avaer at seid moctgpg,ed premises. aad mail~d by tbe Uaited Stiites mails. shs~ll be sua~ficieat aotice aud demand in any case uisinL nndet tl~is in~rnmeat wd required by the pcavisioas bereof oc by law. 14. Tbe mortgaga covenaats and a~s tbat so latg as t6is matg,ege and the said aote secand hereby are iasared oader tbe pcovisioas oE the Mational Haisiog Aet, he aiU. od eseeute or file for recccd aoy iastc~ment which impase~ ~ restrictioa upon the sale oc eccnppncy af tLe mortpged pcopedy oa the basis of roce, eola, oc cceed. Upon aay violatioa of tbis uodertakiag, tbe matgagee mey, ~t its optioa, declare the unpeld balance of the debt sacnced hereby i~diately dw.and poyable. I5. Tbe moctgp~or facthst covenanta that shonld this moctg,age and tbe note secnred heceby not be eli~ibk for insnr~ce nnder tbe Natiooal Honsi~ Act within ~Q ~Y$ fram tbe date hereaf (wrltten stateneat of aay ~flcer af tbe Dep~ctment oE Housias ~nd jjtbaa Develapment a onthorised agent af tlre Secretaqr of Hous- ia~ nad Urban. Development dated sub:equeat to_t2~e 30 DAYS tlme fcom the date of this moct~age, declining to insure said nae a,~id chis mortgR~e, being deemed ccaclasive proof aE such ineli~ibility), tbe mort~a- gee or t6e holder af the note may, at its option, declore all suma secared heceby im~diately dqe aad poyoble. T6e covea~nb 6ereln coatalAed shall bind, aad the beoefib ~ad advaMa~ea s~all ianre to, the respective heies, e:ecutoes, adaiiaistratas, successas, oad assi~s af tbe putles bereto. wheaever nsed, the siagular num- ber :hall L~clude t1~ plnral, the plural tbe sin~ular, aad the use oE aay g~tnder shall Include oll geaders. ~ ~ ~ - ~ ~ ~.~~F m-~~.,L - I~ . _a~