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Home My WebLink About1833 ~ ~ ;V~ ~ ~ Zi~~ ^ , S. 'I'b~t At will pen~it. eoeslt, or su~f~c no w~st~, l~p~ic~ent~ a d~ttriantioa ot s~id p~operty a aay past tb~rsot; ;ad i~? tb~ w~M af tl~ E~llun cf tl~ aatp~a to loKp tM W~ildla~s oa sit'd pce~ls~a ~d tho~ tob~ ~cted ~Qu s~~ qewises. a i~pcovee~ats twceoa; ia ~ood ~p~ic, t!~ aatp~ee My m~ke such cep~its as ia ib d~ec~tia~ it ~r dMe a~cessary fa th~ propK pc~secv~tiaa tbenaf. nod ths tnl! ~wouat af atch ~ad ~wry ~tnc~ p~ya~at slr~l! 6~ imlasd~taly due ~ad p~y~able. aad s1~11 bt secured by tbe;lfaR of thls moct~ate. ' . 6. 1'h~t bs wi1Z p~y ~11 ~d slasul~r the costs, ciur~es. aad txpeays, iacludia~ reosca~ble laMyer's feas~ aad cost; of a,batracts oE titk~ incurced a paid at auy tioe by tM aatpp~ bsc~use of the f~iliue oa tbe part ct ~ t~ -~~vr ,p~aapt~jr ud ful~y to pedas tbe a~resmcats aad coven~ats of s~id promissory note ~ad tbls mqt- - ~~.~~iil~ C08 - - Lt; I.~ ~.IS- ~to ~ Y . li~a af t~s martp~i ~ cw~~, ~x 3,~, ~ i~.:..~t.,., ~~sb~• ar~ ~1 6a aacnrad 6 t~e ~ 7. 7'~at he wiU keep tbe impro~vemeaU naw esistia~ ar here~fter ececte~ ou tl~e ooetgia~ed pcopedY. iasuced ~s ~oay b~ rlqaiced feo~ tiae to tlme by the matgagee agaiast loss by fire on~ othes h~suds, caswhies~ and cont~n- ~eacie~ 1u soch amqanb aad Eor sucb periods as may be reqnired by soet ~ad wltl P~Y P~P~ti?~ N~ICII dt10~ aaY prea~w~ oa sych iasuroaca for paymeM of w6k:b pcovislon hAS aot~eeq eade hereinbefae. All iqsucance sbaU be curled in comp4nies approved by matgpgee aad the policies~ renewals theeeof sball be held by mott- gogee ae~ hove atteched theerto loss p4yable clauses in fava~ of 4 ia form ~ptabie to the martapgee. Ia . eveat oE loss he arill glve immediate notice by asil to matpgee. aad mat~agee may nwice proof of Ioss if aot made promptly by matgagor, aad each iaswance compaay coaceraed Is bereby ~ut6odsed aad dirocted to make payment fae such loss- die~ectly to matgagee Iastead of to matgagw end eiortgagee jolntly, aad the insuconce pro- ceed~t~ ~v~ aay port tUeceof, msy be applkd by mo~tgagee at ita optioa either to the reductioa of the•iadebtedness bereby secnied or to the rastaation a r~pair af the Exope~ty damaged. In eveat af fa~eclosuce cf t6is mortgage ac other traosfer ~f titk to tb~ moitg~a~ed pcopecty in extinguishmeaE--af-the iadebtedness secuced bereby. al! rigbt. titte, ~nd ipterest of _the mat~;o~ la and to oay insuraac~ policies thea in face shaA pass to the purchaser a gtes~i~.. . - - . . ~.?Tb~t tbe moct~aQee ~p?y. at any time pending a snit uQon this matBoB~. aPPly to the court heviag jurisdic- tion t6ereaf fa tb~ appolnt~neat c~ a tafeiver, and suc~_ceuct sl~all focth~rit6 appoint e receiver af the premises covered beceb~ al! aed siagaU~t. iaclndiag all aad siagular~the iacome. praflts, Issues. aad revenues from whetever source derived, eacb aad evety af ~vhich, ft being expesslp nnderstood, is hereby mortgsged as If specifacally set forth and described in the gtentiag aad 6ebendum clauses hereof, aad such raceiver shali bave all the broed aad effective functiaos and powers In anyaise satrusted by a court to s rec~iver, and snch appo.~atmeat shall be mad~ by sucb caut as aa admitted equity and a metter of absolute right to said mcxtg,~g~ese~ aad without refeceace to the adequscy or inadequacy of the value of the prope~ty mortgs,ged or to tbe solveacy a insolveocy ef soid mo~tgag« or the defendents, aad tbat sncb renta, _prafits, incorae, issaes, aad reveaues sLall be applied by snch receiver according to the iien of this matg,sge and the practice of sach caut. 1n tbe veat pf any default oa the part of the modgaga hereuader, the matgagor agcees to pay to the mortgpgee oa de~ as a.c~easoaable ~noathly reatal foc We pcemises an amouat at least eqpivalent to one-t~velftb (1/12) of the a ~f ~eM~elve monthly install- meats payable in the thea ceicreat yeac plus the actuai amonnt ~ the aanualgg~~~' nts. water rates, and lASt1IBI1Ce pICOIl{11II8 10[ SUlit ~ICM~ ~tVa ~.vveiai uy wc $iw~oww .:..:..:w1° "°~*e ! r~a~»--~. 9. That ;a) ia tLe eveat of any-breach of this modgage or defanlt an t~e p4ct oE the ~~gor, oc (6) ia the - eveat that any of said snms ef money 6erein referred to be rtot p,romptty s~ad~fnlly paid demaad or notice, or (c) ia the eve~rt that eac6 aad every the stiputatiass~ agireeoeats, caaditioos, aad coveaanta of said note and this mortgrage, are not •duly~ promptly, and fully performed; tben in either oc ~ny snch eveat, tlx said aggFegate sum ~entio~ed in said note then remainiag unpeid, with iatecest accaued to that tipe, Anti all nroneys secuced heceby, shall become due and payable forthwith. a thereaftec, at tbe option of said ruatg,ag+ee. as fully and coni- pletely as if all af the said sums of moaey wece ociginaUy stiputated to be ~eid oa snch day, aaything ia said note or ia tbis mo~tgage to the contrary aot~vithstandiag; aad ibereupon or thereafter, at tbe optioa af said a}actga- gee, ~vithoat notice oc demand, suit at law or ia eqnity. may be pro~ecuted as if all ma~ey~ secured herebq had matured psia~ to }ts iastitution. - The mort~agee may foceclo~ee this moctg~age, as to tLe amount so decleced due and peyable, and the said pcemises sball be sold to satisfy and pay the seme together with costs. ezpeases,et~d aUaw- ances. Id case of pertl~l faeclosare of this mat&age; ihe mcrtg,s~~ed premises ahell be sold subject to tbe con- iinuLeg liea oE tliis matgage for the amaer~t ef t6e debt not thea due and ~nnpaid. In sac6 case the provisioas oE ~ this p4ragrap6 may agaia be availed of thereaftec from time to time by tLe mortgagee. 10. That the mortg,agac will glve immediate notice by•meil to the mottg~agee of aay co~veyence~ transfec, or clwnge oE awnership af the premises. , ~ 11. T6at no waiver of any covenaat heceia oc vf tbe obligptioa secured hec+eby shall at any time thereafter be held to be a waiver oE the terma 6eceof or of tbe not~_secuied beteby. _ 12. ~iat if the mat$aga defanlt in any af the caven~ts a agteements costaiaed beceia, a ia said note, thea the ~tgagee may peeform the samg, .sad all espenditu~es (including reasonabls attarney's fces) made by the mortgag,ee in so doiag shall draR interest at the rate set fath in the nate gecue~ her~by, 4nd shall be repnyabte immediaLel~.'~ withoat demand bq t6e mortg,agar to tbe matga~ee, end, logether witL inttrest and costs accraing theraus, s~all be secnred by this ma~rttg;age. 13. that tbe a~iliag 6f a writtea ndkx a deawnd addressed to t6e owner aE recacd af the mortgaged premises, . or dicected to tbe said owaer_ at tl~e last address ~ctwvlly furnished to the matg,agee, oc directed to said avner at iK'~m~es, and amiled by tbe United States. nnils, sbo!! be suuicieai aaice aad deo~aud ia en~r , case ~isiag nerder thls laatebo~eat aud nquit+ed by tLe provl~' y 14. T6e eortgagor coveaants and :g~rees tb~t ao loo~g~ ~ this ~at~aae aal the said aate secnced heceby ai~ in~ured oader the piovisiaas af the Natiooal Hoasiag Acf; 6e wiU not eYecnte a file fa~ recocd ony instrument which impose~ a restriction apoa the sale a occnpancq of tlse matg~eged pcogecty oa t6e basis of race, cola, or creed. UpQ~t any viol~tion af this mdashking. tbe moct~agee maY. at !ts optioa, declare the unpaid balance of the debt secnred itereby Im~edLtelq d~e aad ptyabla. t 15. The mortg,a~or fnrt6er coveaarrts that shoald tbis moRg,age and tbe note secnred 6ereby not be elig~ble fa fasunmce nnder t!~ Idatioasl Housing Act wit~ia . fio~ 'fbe dote Lerecf (wt'stten atateotent of aay oEficer af tLe Deportment of HonsiaQ wd Ucb~n~Dev~elop~?eat oc authaiaed ageat of the Secretary of Hous- ing aad Urban Developmeat dated subseqyent to tbe~ tiare fmo tbe dAte af tbis ~atgage. declining to insure said aote and this mat~,ag~e, being dee~+:d canclusiva pcoof af sne6 ineUgibility), tbe mat~a- ~ gee or the holder oE the note may, at its option, declare all sums `sec~ed hereyy ip~c~ediately due aa~ paphle. ~ The coveaants~ herein coatained sbal} bind, and the benefits and a~dvant~ges ahpll ianre to, tbe tespective beirs, execnton, admiaistratas. swxessas, and assigps cE t6e p~trties beceto. ~enever used, the singulac num- ber shall iaclnde the plnral, the plure~l the ~ingular, and the use of any. ~o~er afwp inCtpde alI genders. . ~i~ ~ _ ~ , . _ ~ _ ~ _ ~~:~4~ ' , ~