The URL can be used to link to this page

Home My WebLink About1747 ~ ~ . . - R y~',~ ~t3~~i S. ri.c 6. wiU per.it, cc.~.it. at suHic ~`wi~s. i. ~frw~at. or d~t.rtantlon d.~id pcop~etr « anr v~ t1~aE: ud i~ tl~ we~t d tb~ E~llvct d tM ~a to io~ep tM Dn11dIa~ oa sald pro~is~s awd thos~ tob~ , ~ctsi an s~i pa~i~ea. ot iwprove~eMs tbereaa. l~ ~ooa iep~~r. th~ woe~p~~je~ eny rake s~cb rep~ics as In tb di~catlo* k~y dy~ Moess~tp far tM pco~t pres~tvatlo~ tb~ceof. pad flw tall uo~nt oE Mch a~d every sucb p~,y~e~t alrA ~ LMd~st~ly dw aad p~y~ble. iwd sh~lt b~ ~ecucod by tbe li~u d thjs ~ort~e. 6. That ht yrill pay wU aud ata~ular tbe pasts. char~ss. aad expens~s. L~cludia~ ee~saaable l~wyer's fees, , aAd costs of a6~ats d titb~ L~cnnrd a p~jd ~t auy ttat byths ~oetga~e because cf tAe E~lure oa the pert oE tbt oat ftac p~o~ptly, and tully to peeiaw the a~eeeweats aad coveasats af s~jd ptaaissay note and tbis mwt- ~e. ae~ said casts. cl~es. u~d expe,~es sb.ll be ie.adiacely dn~ •ad p.yabl~ aad sball be sacured by the . liea af tf~is mat`a~. ~ ~ T, Th~t be will k~eep the Impravemeats aow e:istiag a hereafter ecected oa tbe ooet~ed propedy. Iasnred as ay be cpulrad hoe~ tiae to ti~se by tbe mat~gee agaie~t lass by fiee aad ot6e: lwsud~, casu~lties, aad coat3a- geecles ~ snch asouets and for snch periods ~s may be eequlred by bat~a6ee, aad wiU p4y promptly. whea d~e. any p~e~duss aa sucb josunace fo~ payeeat ef which pcovisioa bas aot beea m~de leeretabefoce. All ias~uan¢e shall be ~airled in coopaaies appcoved by eatg~~ser aad the policles ~nd eenewals thereoE shail be held by moc:- gpgee and Iwve attached thereto loss poyable clauses ia Eavar oE aad Ia fvcm acc~ptable to the mortgpgee. Ia eveat af loss he will give inmediate notioe by mail to moat~gee. and mortgagee moy awke proof of loss if not awde pro~ptly by matgaga. aed eac6 Iasurance, canpeuy cc~nceraed is bereby anthor~sed and d'uected to make PoYeaen~ Eor snch lass directly to mo~tgagee instead of to matg,agac aad mastSpg~ J*'~tly; ar_~ t~e a~~sn!nce pro- ceeds. vc put t6ereof, moy be appli~ed by mactgagee at its optioa elther to the rednctioa of the indebtedaess berfby sec~eed or to the cestocatiaa a cepair oE the propedy damaged. Ia eveat d foreclasure af this mortgage oc othei tcac~~ Qf tltle to tbe matg,a~ed pcapetty in exti~ishmeat oE tl~e indebtedness secwed beceby, all right. tide, and iaterest af the; ~ort~ga ~n aAd to any insur~nce policies thes ia face shall pass to the purcheser a grantee. _ ~ 8. Tbot tbe Mo~tgpgee aitr, at ae~ tioe petdiag a~ suit upoa tbis mat~ge, apply to the court t~aviag j~uisdic- tioa thereof fac the appoiataeat af s eeceiver. and suc6 caut s1wU fathwlt6 appoint a. receiver of the premises covered heceby all and ~iagulat; it~ludiag all and singular tbe income, pcvfiis, is~ue~, ~nd reveaues from rvhatever source derived. each ~nd every oE which. It beiag e:pressly wderstooc~, Is hereby mbet&aged as if specificslly set ~ fodh aad described in the g,caatiag arid l~beadum clanses heceof, and sach irecetver shell 6ave all the broad and effective functioas aad po~vers in aaywise eatrusted by a court to a recxiver, aad auch oppoiatmeat shall be made by such caut ss an admitted equity and a matte~r ef absolnte rlgbt to said matg,sgfe, ap~ with~t refereace to the - adequacy oc iaadequacy of the valne of the propertq matgp~ed o~, ~o the ~soly~acy.~or•iersolveacy of said mortgaga or t6e defeadeats. sud that such reats, p~afits, incaoe. iss~es, ar~ ~v,e~~~ll be appUed by sne~ receiver , eccadiag to the I;an of tbis moctgage and the pcactlce of snch caut.l t!(a of any default on the pad of the mortgagor heceunder, the matgagor agrees to pey to the mortgpgee oa demand ~s_ a re~sooable monthly reatel for the premises an amonnt at least eqaivalent to one-twelfth (1/12) af tLe ag;tt~tte af tbe twelve monthly iastall- ments peyable in the then curcent yesr plns the actuel amount of tbe amtoat taicw, assessmeats, water rates. and insacaace premiums foc sucb year aot covered by the afaesaid monthly payments. 9. That (o) ia the event of any bceach of t6is moetgage or dzfault an the ped of the mortg,agor, or (b) iu the event that aay of said snms of money herein referred to be not pcomptty and fnlly paid rvitho~t demaad or ~notice, oc (c) in the eveat that eac6 and every the stipulati~s.~ agteee~ents, caditioos, and covenents of said aote and this mortgage, are nd duly, promptly. and fnlly performed; then in either or any such eveat, tbe said agg~regate snm meationed in said note t6ea remaiaing nnp~id, with iatere~t aocrned to that time. and alI moneys secnred beceby, shall become dne and payable fathwith, a thereaftec, at tLe option of sai~ matgagee, as fully and com- pletely as if all d tke said sums of money ~vere ocigiaaUy stipulated to be ~aid oa snch dey, anything in said note a in this moetgpge to t6e contrary ndwlt~tand'wg; and thereupon or thereafter, at the optioa of said matga- . gee, ~vithart ndice or dqcoand, snit at law or ia eqnity, may be prosecuted es if all moneys secured hereby hed matnred ptia to its iostitntion. The mortgrag~ee may Eorecloce this mat~age, as to the amount so declared due and payabla, aad Wa s~id premi~es ~hall be sold to satisfy aad pay tbe same together wit6 costs, e:penses,and allow- ances. In case of pactial foceclasnre d this a~ortg,sge, the moctSp~ed Pr'emise~s shall be soW subject to the con- tiauiag lien af this matgage for the amouat of the debt not thea due and unpaid. Ia sach case the provisions of tbis paragrapb may ag~ain be availed of thereafter from time to time by the matgagee. ` 10. That the mortgagor will~ give ~mmediate aotice by mail to the matgragee of any coaveyance, transfer, a ` chae~ge d owtiership of the premises. . ~ 11. T6at no waiver of aay coveaant herein oc of the oblig~atibn secured hereby shall at any time thereafter be ~ held to bt a waitter of the:terma hereaf a of tbe aote secnred hereby. . ~ 12. T64t if the matgaga defanlt in any oE the coveoaats a a~eements coataiaed hecein, or ia said aote, then ~ the martgpgee may peifam the samg, aad all ezpenditures (inclnding r~soaable attaney's fees) made by the ~ mortgagee In so doing shall draw interest at the rate set fath ia the ~te secw~ed Le~by, and shall be repoysble immediately ead withoat demand by tl~e mortg,ega to the matgagee, sud, f~ogether with interest and costs accrniag ~ thereen, sLall be secured by this morcgsge. _ € 13. tlwt tbe mailtng of a wcitten netice oc demaudaddresaed to tbe owaer of cecard o~ t6e mortgaged premises, ~ or directed to the said owner. at the last address act~a~ly,farniRhed to tbe matgpge~.:ot:directed to said awner,at said ooet~~ed premises. and mailed by the Uaited 3lates mails, shall be s~fuient notice aad demand in eny ~ caae acising ne~der tbis iostrunent and required bq tLe pro~vistous hereaf o~ by laM?. 14. Tbe ~aatg;~a cavenaats aad agtees tMt so long as tbis ~ort~age and the said note secund hereby are ~ insuced oader tbt pcavisioas of tbe NAti~diil Aorsta~ l~ct;•aie will nd execpte oi=tite fa recbtda~ it~stcumeat which impc~ses a restrictioa upon the sale oc occnpaacy af the moctgpged propedy oa tbe l~sis of race, cola, oc ' cieed. Upon any Vi~l~iwi:aE this w~dutaku~g, the moctg~gee may, at its optioa, declare the unppid balaace of tbe ~ ckbt secoced heceby imoediately duc and pnyable. ~ 15. Tbe moitgagor f~utber covenaats that sbould tbis moct ~e and tbe aote secared heceby not be eligible for insnrance ander the Naticoal Housin~ Act within .$Q fm~ the date herecf (wrltt~a statement af any offlcer aE the Depadme~ of Ho~sing and Urbaa Dev~el t or a~orised age~ af tbe Secretary of Hous- ~ . ing and Urban Developmeid dated snbsequent to the ~Q t~e froai tbe date of tbis mort~ge, decliaiag to insnre ssid aote and this aortgag~e, being ~eer:d ~~qslva prpof .q~:s }~:~pe1.'}B~bilitY). tl~e matga- gee qr the holder af tbe nofe may, at its optiQa, decl~re aU so~os: secnted }pret~y ~1pt~ry~~ue oad_ poyable. The covenonts hereiA caatained shall bied, and tl~e benefits ~ and ~dvaata~a ~s_hall ianre to, the e~espectivr beirs, e:ec~rtors. administr4tocs, successors, aod assig~ d tbe"'~iefi& 1ec~fto: •'pheifievet ~ias'td,'tbe siagular num- ber s6a11 inclnde t6e plucal, the plnral the singnlar, and the use ef any ~eqd~t sball iaclqde all genders. a~ i~'S ~17~18 ~ ~ - _ ~ v_ . ~ _ : _ - ~t -