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Home My WebLink About1927 ~ ~,1~~ ; the deficieocy. S~hp~ra~eat~illuillb~ n~sde ~~~y (SO) dyrs dier wcitt~a nu~ios troti t~he Hort~ee stntia~ tM ~moun: oi the deRCien~y. v?hich aotic~ auy bs.~iv~ by mail. tt •t an,p tiaN ths Mor~o~ ~h~?~1 tead~r t~o t~a Moryt~ges in ~oo~rda~os wit~h tt~ p~ovN~ons o[ th~ note oscue~ed herod~, fuU pq?meo~ _ ot t~b~ entie~s indebeecittiar rsp~~ented thereb~. Lh~ Moctt~ as ecustes shaU, in oaapueit~ the iuao~m~ ot wc;~ indebiedaer. cr~dit b the ~ooua~ ot ~be ~q~r cndi~ 4s~~nos eemainu under ~hs pro~iioos E 4• ~t ot (a) of ~idp ~c~sph Z. It thers sh~il bs ~~t~u ~ uader an~ ot t6s provdioa~ ot `his eesult~ia~ ~ i~ ~apu blia s~~ls o[ tbs premi~ covered hecebx, oe J ~he M r?oqwra ~he prupee~jr~~~erwi~s atter a an de[aule., t~ Maetg~s ~s trwtes shaU ..~t ~h~ t~ip+e of~a>aame~cemea~ ot wch~prooeedinp or ~ th~ Wne tJie P~'eP~!~! is otherwi~s soquired, amoua0 thea re~a~ining ~o credi~ ot Mo~~4r unde~r (s~oi par~raph g praoedu~ as ~ crsdi~ on tbc i~?tee~s ~ecund aad unpsi~ ~nd tbe bslaace w~ We prinaipai en rems~nio~ unpsid oa ~wi n~ts. _ 4. He wi~ pq i~ ro~~Mr ~Mt ~r nd at6~e~ma ~al a ~susi~eiai Ae~ ae ~ ~ ~ pro~ dri~r~ee t6~ ~~=6~t~eta~e b~tbs~M ~ ~ ~«~i+~i~ ~1? P~l? ~ ~ H~ wi~t oommi;, ce w~dee ao w~, leepaiem~a ae de~~eioeatio~ ~t ~~id pi+opeet7 et tiw~eot ameep0 rai~a~ aod ~ear• aad ia ibs e~reat at t6e ~ a~ fbs D[p~o~ `o loeep ~ bui~ oa ~ ~ pe~i~e~ aeid tDo~e to bs ~ee41s~ a~ ~~id pe~i~e~, ae imp~o~r+a~eab,t6e~~eoa. is ~ repsir tb~ Matt~es my . ~ a~ab w~o6 . ~ it ita ~a~Niaa it mqr deeon a~eee~sey fa~ tbs pe~a~evstio~ tbeieo~ i~d t6e tdl amoust ~t e~d~ a~ ~i .6.n a. au. ,ra p~bis d~..ct~ee ae:.na, .s~i .b.n b..eo~a 6p? . ~ Ika at ibi~ . i i,,~ ~ 6? 8~ `I~Ig `py +at ~~o~uMr tlr eaib a~d eatpere~, ioo~ re~ooabls L?wyee'~ t aed oo~ d sb~ at ti i~ioeeed oe pW st a~r tim~s by beosu~s of tbs failurs on tLs p~et ot tb'Morts~~oe ~ aad ~~~~yD bs ~ dns aad p~abi~ s~d ~ b~ ~eaured br the ~ ot t~ ~nawet~a ~4 . _ ~p~ T. He w~ aoati4qo~r~ ~f~ ~assrd ct a~ t,ps or~~es and amonnt~s at Mort~~s m~7 trom tima f~o'iw~s reqnirs, on tbs impro~eo?snt~ ~w or Lrerattee on ~aid ~~r~m' aad aaoepti when pymen0 tae aII snc~ nms La~ tLersLo~ors been mads nnder (s at ~ an~L re i~ will m w6ea dns p~+emi~wous t~reica~. AII urur~nos shall be ~in oom~~sPP~~ ~'7 P~- aes ~~renew~ls:tbs~+eot aL~H bs haid by'~ortgag~es and bste at~,hsd tbersto loM p;a~abk in i~~or at a~ is iosm soespt~bla t~o t~e~ M •-in an~t of 1oaP Ls will g~ne immediate nowoe b~ mail to Mortgagss, ~nd Mari~a~ _~~iOS~~~~.p~i ~it ~ ~p~oooY~ ~tT: Alo~t~urr ~od _e~ol~ ~vwr~aos com~ n. Ru anid ~o maios pyanen iar wc~t laN d~e+ee. to ws_ o~ ~~.aa .aa ~ ~ p~a.. ~.~n,, r.~ ~m„~.~;~a ~gee at its op4on eitLsr to uction oi fhs indebtednees Lsrsb~ ~ecured or to t~s restor~t~oa or repsie~ ot e tbs ~+oPKt~1 dam~°a- In e~enti of forecbsnrs o1 th» or otber te~amsier oi tit3e to tha mortgaged m t~ t~he indeht~edner secursd Lereb7, rigLl, titie, aad int~erest ot tLe Mortga~o~e ~ an~ im~nranos potia~ies~ tLen in ioros ~6a11 pass to f~Ls purcLasec or gc+ant~es. 8. He will not eacecnts or ~s ot reoord aa~ mstrimnen~ w6ieh imposes a restrietion upoa the sak or oocu- pancy oi t6e Pl'oPe~Y de~cribed herein oa t6s baw of nos, eoloc~ or creed, ~ 9. Ii the premises, or ~ny gsrt theceof, be oondemned under the po~ver of eminent domaia, a~ aaquired for s public use, the~~~ awarded, the proceeds for the ~~g of, os the oonside~rst~oa for such aoquiai- tion, to the,exteat of the ~ull amount of the remsining wnpai~~ '~udebtsdu~~e~nred b this mo~g~ge, are hereby s~ned co ebe Mo~egs~ee, and his heira or aesigns, and sl~~ll be paid forthwi~ to s~d Mo - or his ~ee to be ap~ied oc~ ''Ma~o~int~ of the l~st m~funqg installments of such indebtnees • prnvided~ o~- ever, tlia os~~e or bis ~dee~ i~y a~ Lie discretion pay direct to the Mortgagor, Lia ~eire or. aesigns u1Y P+~'t or ~11 o such ~w~rd; providesi, t4~?ti if t~ho loan is gwra8teed or insured, tLe conseu~ of tLe gyaran- tpr or ussnrer is obtained in adiance of s~?id Yment.. 10. `l'he Mostgagee may, ~t aay titn$ ~m~g ~ wit upon tms a?o aPPly,to the ooutt ~smn~-jurisdic- tioa 1h&eot ioir the sp ; tmeat oi s r~~er, and such o0tu~ a6~11 fo~f~ a~pomt ~i° reoeiver of the premises . eorered~ benb~ aD ~s~itlar. includin~ all an~l ~ngula~ t~ inoo~ne, p~ts, issues, and i+e~enues imm arhst- u~ e~er s9nroe denved, eacL aad every of evlueb it e~pre~ u~?deestood, is her4bY !oortga6'ed ss it speci~icsUy ' set fo~th and dacsibed. in.tlre gcanting and hs .~wpn clauses bereo#.: Such appoiatment shall be made b~ ! such oourt as an admitted equit}~ aud a matter oi -absolute right to said Mortgag~ee~ aad without reterence to ~ the a~lequacy or iaadeqwcy of the valqe of the property mortgaged or to the solvency or insol~ency of said ~ M or Lhe detc~a~nta. 3uch renta pmfita, inoome~ iasues~ aad nvenuea ahall be spplied by such reoeiver ! s~aoaiu~b tLe lien" oi t~us mortgage snc~ ~he pnctice of such court. In tLe event oi aay default on the part I d the Mort$ag~ur hereunder, the Mortgagor a~rees to pay to t6e Mo on demand as a reasonable monthlv rental for tbe pnmiees ~n ~mount at least equivaleat to one-twelfth s) of thea~a t,e ot the t~rdve monthlv . installmenta payable in the tLen cun~ent year plos t,he actwl amount oi the annual tases, asse~meats, w~tec r~tes, and insaranoe premiums for such year not oovered by tha_dor~said mont~hly paymeata. 11. Ia tbe event of my breach of this mortgagro or default on the part of tLe MQ'rtg~gor, or in the eve;?t fLat any of said snms oi nnoney henia nfen+ed to be not pmmptly and fuUy paid acaording W the tenor hereot ~ ia tLe evei?t tba6 each and e~ery tbe atipul~tioas~ ag~aaan _.oon4litions, ~nd oo~e~mts oi ~sid note and t,6is mo~g~g~, are no~ dnl~. PenmPt]7. and fally pertoraned oi~ the M~rtgag~or be sd~ndicated banlcrapt or made defeadant in a baakru~tcy or reoeiversbip prooeedin~;;f~a i~u eitLer or aqp a qch eveat~ tL~ said agg~e- . gate auan meationed in ssid note tbeanm~nmg unpaid, wnth mterest aecr~#ed to tLat time, aAd all m~oney eecu~+ed Lereby ahsU beoome due aad p~y~ble iortbw»th, or t~rendter, at tbe option of said 1liortgagee, as fnlly and oompf etely as it ail the said aums oi mone~y wepe origiaally slipdlated to be psid oa such day~ anr- - tbing m satd note os m tbis mort~ags to the oo~trar~ notwitLstaading; and thenupon or thereafter~ s~ the option of aaid M~~~, , witiwnt not~os .pr dem~ad~ swt at law or in eqniy, ms~r be pe+o~ecuted ~s ii all monevs , secured here~ bylu?d matured prior to its i~atitution. The Mor may foreclo~e t~6is mortgag~e, as to tbe smount s~ decl~red dne and p~ynble, wd tbe said premiaea shall~ld ~o satiaty ~ud pay the same together witL coats expenees. and slbrrances. Ia case of foreclosure oi this mortgage, the mortg~ prc raises aLall be sof d subject to the oontinuing lien ot this m~ e for the amoun~ oi th~ ~icbt not tben due ~d unpsid. In such ca~e t~?e p:+ovieions of tLis paragraaph may again be_ ~va~ed oi th~eaiter from time to time by t6e lr 2 No ~ver of an~ eoseaant herein or of the obligation secured hereby ahall ~t eny time thereaftrr be Leld W be a wai~er oi tha t~ems henof or oi the note secwred hereby. 13. 1'6e liea oi this instrura~t s6aU retnain ia fuIl force and eRect dtiring any postponement or extension ~ at the time of paymeati oi the indebtednas ot aay part t}?~reoi seeured hereby. 14. lbis ~s given to secuee the purchasea~oney, or a part thereoi, o! the laada herein described and is ezecuted~~~eli~ered oonteaaporaneous~y rritb the deed tbereior. 15. It t~ Mattgagor detault is aay of tLe aoveaanrs or agreeme.uts oontained herein, or in aaid note, then tbe Mortgag~ee ma~ pertorm the san?e, ~ad atl e~spenditures (m~cluding reasonaWe attoraey's iees) made by the M m so dom' ~shall dnw intera~ at the rute provided for in t,he principal indebtedaess, and ahell be ~p~~~7 (80) dsys ait~ deanaad, ~d, to~ether ~nth inter~t aad eosts accrued thereon, shall be secured tbis . 18. Upon tl~s requa~ oi tLs M Ure Mortg~gor ~?aU eseaute ~ud delive~ • s~ppl~w qote or ~ note~ !or tLe aua c~ sums sd~aaoed l~Mortg~gea tor the alterati~, modernisotion, unpmvement, main- t,enanos, ar repsir oi s~id premises, for t~ea or eNa~nents a~aiast~ t6e sune aad for aa~ other purpo~e autlwr- i:ed bersundeT. Said note a~ notes ahaU be ~eeured henby on a parit ~rith u~d as fully a~ ii the advaaoe un e s~id~ooed eberab~ wero indnded iq` t~s~~ dp~~~bo~s. supplemeatsl note or notes sLall beu ~ ~ ~rA . _ _ _ _ . _ . . . . _ _