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Home My WebLink About2532 ~ . • . . ~ ~ ~ j j ~ ~ S. TMt M wiU p~erwit, ca~~tt. ar ~i~L w~stati~Ml~wtat. at d~teciantioa of s~td p~opeety a~y p~et tMNOVt; a~d i~ t!w evsot o[ tM t~Il~ut af th~ ~wtp~or to_I~~ t1~ buLldinp o~ uid pt~t~isea atl tlwse toh~ ~erctad an s~ld p~e~Lis, or iwpcow~eMs thtreou. In ~ood ~ir. t6. 'wortaa~ ~•y ~b ~P•~s ~u ~a ' djscntio~ It ~y? d~w asoessuy fa t6~ p~oper pe~~evdloa t~treat. and tM tull ~~ount d e~ch a~d wery sna~ . piyseot s1~U b~ iisMdlately due aad p~yable..aad sMll b~ securdd by the lien of tbh eatp~e. 6. Tb~t 1~ will psy all aad slasala~ tbe acsts, chu~es. aad expenses, iacindia~ ~easooable lawyer's feea. • ~ ccsts d abstr~ds of tltle~ focn~red a paid ~t ~nr tia~ bythe wottppe becauss cf t1~e fallure aa tbe put af- the eio~tp ~a~ pE~oeptly and EuUy to p~etaw the apeeaeab ad coven~ats af s~td praalssory aote sad thts ~at- • pse. ~nd ssld casti. che~~s. ud e~cpeases s~ll be iMadiat~ly dw aad pay~bl~ aod s6a11 be s~cared b~r t1N. . U!a d t~ ~~te- 7. Twt be wiq kseP tbe taiprave~enta aow exlstia~ a hersafter ee~scted oa tbe ~oetS+~t~ P~~~tY• Insund u ~ .~y be nqutred frow Uae to tl~ae by t6e oat~ae a~inst loss ~by ttce ond otbec l~sards. casw~ltles, aad contia- ~encies 1'p sucb aa~unb aad fo~ such perlods as saY 1~e re4nired b9 macti,~~ee. aad wiU P~Y P~P~?~ M~IlA d~N. •ny pcea~was oa'lnCh lafuraace fvr p~y~eat of whlcb pro~vtsioa has aot lfsea Wde bereinbefae. AU iosurau~e shall be carrted te coap4ales app~oved by aact~a~ee aad. the policies and renewals tbereof slwll be held by mcrt- gagee and have attac6ed tbeceto loss p4yable clauses in fs~va ~ and ia fam acceptable to the aat~agee. Ia eveet of loss he will give immediate aotica by mail to ma~tg,~gee, ~nd ~ooctgagee may e~ioe proof of loss If aot enade pranptly by mortgaga, and each iasuraace canpaay coocemed is hereby autho~ised aad directed to malce paymeAt Eoc Such loss _dieectly to_mat~ttgee iastead af to aat~agac and moctgpgee J'ointly, nnd tbe insuraacc pro- ceeds, oc aay pntt thereof, moy be applied by oortpgee at its optioa eitrec to t6e redactioa of the iadebtedness _ beceby secttrod or to tl~t cestot~tbo as repaly d the pcopedy damaged. In event af faeclosura d tbis moctgage cr ' atbet tcoasfer at title to tLe woelfP~ P~~~Y ia e~tla~alshaeM af tt~e indebtedness secured beceby, all rigbt, title, aod 1Me~+est d the aoctgpcor #t ~~d to any Insuraece policics tben• id faroe s1uU poss to tbe pnechaser ar ~atee. - . . . 8. Tl~at tljr aioNga~ee may, at eny t~e pendiaa a sait npoa tbis matgage. apply to the coart ~viag jurisdic- . tt_on t6ereaf fa tbe appointmeat of a re~eiver, aad such caut shell forthwith appoint a receiver of the premises covered 6ereby eU and singular, includiag all aad singnlar tbe income, proflts, issues, and revenues from w6atever soucce detived, each and every ef whicb, it being e:p~essly w~derstood, is he~eby moctg~aged as if specifically set . fodh aad described ia tbe graatias a~ habendum clauses hereof, aed sucb receiv~ sh~ll la~re all the broQd aud effective fnnctioas and prnvers in anywise entrusted by a couit to a receivet, and sncti ap~olntmeat s6aU be made by such cowt as an admitted equity aad s matter af absolnte rig6t to said mortgagee, and ~vithatt reference to tbe adeqnacy oc iaadequacy of the value of the pcopedy matg,eged oc to t6e solveacy a~ i~olvencq oE said moctpgor oc the deEeadents, sasl tbat snc6 teats. prdits, income, issnes, and cevenues s6a11 be +~ppli~d~by snch receiver according to the liea of this mortgage aad the practice of auch conrt. Ia tbe eveai of ~ey defsnk on the port of tbe mortgagor hereuader, the matgaga ag~ees to Qay to the moetg,agee on demand as a reasa~able montbly rental for the pcemises aa amouat at least eqqivaleat to one-t~velhh. (1/12) of tbe a~g~eg~t~¢ ~'~~iyelve montbly inatall- ments psyable ia tbe Wea cnrrent year plns tbe actual amauat of tbe annnal tas~s; as~ssments, water rates, and insuraace premiums for sucb year aot covered by tLe afaesaid moat6ly poyeeats. ' ' ~ 9. That (o) in tbe event of any bceacb of this modgage=or defanl~ aa: tbe patt af tbe mortg,agor, or (6~ in the - eveat that any oE said sums of money berein referred to be not pcomptly aad fnlly peid ar#ho6t demaod or notice, oc (c.1 in eveat that each and every the stipuletions, eg~eemeats, conditloos, and covenaats of said note and ~ this matgage, ere na du~y, promptly, and fally pecformed; thea in either oc any suc6 eveat, the said agg~regate sum mentiooed~in said ade then remainiag unpaid, with i~erest aoccued to t6at time, aad aU mooeys~secured hereby, shaU become due and payable forl6witb, or tbereaRer, at tlu optioa af said eatg~gee, as fully aad com- plttely as if all of tbe said s~ms of ~y were origi~lly stipnlated to be ~eid oa such day, anything ia said ' note o~ ia tbis mortg,age to tbe contrary ndwithstandiag; and therenpoa o~ thereafter, at t6e optioa d ssid matga- ~ gee, without aotice or demand, suit at laRr ar in eqnity, may be pcosecnted as if all mooeys secured hereby. bad maturad pdoc to its ioatiMtioa: Tbe matg~gee may faeclvse this mortgage, as to tbe amount so declared due and ~ poyable, aad the said qemises shall be sold to satisfy and pay the same together with costs. e:penses,and allo~v- aaces. Ia esae of p~tial foreclasace d this moR~age, the mortgp~ed pcamises shall be sold subject to tbe con- tinuin~ lien af thia a~ortg,ag~e far t~e amo~nt of the debt not thea due and uapaLd. 'In'such case the pcovisious of this p~ragrsph may ag,ain be availed of thereafter froa~ time to time by tbe mortg,agee. _ ~ .r~pi Tb~.the mortgragoc will give immediate ndice by mail to the mort~gee oE any coaveyance, trensfer, oc - a'°f+ ~9!!ae~sbiP cf tbe premises. - wauver of any covenarit l~ereia or of tbe obligption secured hereby shall at any time thereafter be Ir~~of t6e terms 6ered a d tbe eote secnred 6ereby. : , ; ~'0c~e' ,'Ifiat,iE-_tkp~slottg,aga defanlt in any of tbe coveaants a agieements conteiaed bereia, a in said note, tbea _~e ~~C :~ferm tlie semg, and all expeodit~ues (inclndiag reasoaable attaney's fees) made by the . - ,~t so~a~ s6all draw intcrest at t6e rate set fath in the notE secnred hereby. and shall be iepayable bte ~tad-,~I~tt deaand by tbe oortg,~a to tbe matga~ee, and, tegether with iat~cest aad costs sccruing ~ '•f~~~~~,: ~'~P,-~ by th~s ~atgi~g~e' - '.?i;~.•~}i._. , ~1nL of a wcittea adice a demandaddcessed to.the avner of record of the matg,aged premises, ,br' - ~ ;,pid owner.at the la~t address actwlly fnrnished to Wt mortga~ee, o~.f~ted to aaidowner at ~ ~~,~Si g!emises, and mailed by tbe United Stat~- awils, shall be sufEicient notice and demaad in any - . _ this instcument and reqnired by tbe pcovisions heeed oc 6y law. ' Y4. Tke oortgaBor covenants aad a~ees. jhst so ~oa~ ~ this ~natgpge and tbej s~id .nQte.se~ured hgreby are inanecd nnder the pcavisio~ eE the Nat~oaal Hons~g Act, be uiill ad azecnte or fife for record anjr instcumeat whicb imposes a restrjction upon tbe sale or accnpancy oE the mort~rged propedy on the basis d rece, cola, or ccee~d. Upoa any Y~ol~ian of tkis nndettalcing. tbe mat~gee may, at its optlon, declare tbe nnpoid bolauce of tbe debc securad bereir~ ionediately dne aud p~yabie. 15. 'IUe aoet~a~or f~rttbst coveaants thtt a6onjd t6L m and tbe aate secnr~d hesebq aot be eligibk fac insnraacx nnder tbe Natiawl Housias Act withia from tbe date herecf (wcitten state~eat d any oEfloer af t6e Dep~rtsent af Housinf ard Urbon Developmeat a authaized a~ent af the Secretary af Hous- in~ aud Ueboa Develop~ieat datcd snbsequeat to tbe ~ QAY= tia~e froe tbe date cE this moct~p~e, dcclinia` to insure sald ade and tbL nat~ja~,e. beias dcemPd conclastve p`oc~E of swC.h..~eli~ibilitY). tbe mat~,a- gea ar tbe bolder af tbe eote ~y, at its optlcn. declare alt snes sscure~ berQb~r isiiedLt~ly due aud pay~ble. Tbe covenaats bereia cantaiued shall biad, and tbe beaeEits,#nd. a¢vae~~.sp~itwre to, tl~e eespective heirs. esecntas, ad~inistratocs, successas, aud ossi~ps d the partfes hereto. ~hen~vec nsed, the sie~nlar nna- ber sball iaclnde tbe plunl, tbe pinral tbe sin~uular, ard tbe use oE aoy ~abdet slioll iaclud~ all gendecs. ~OOK fA~E~~~ ~ - _ - .i....~µ:- S'. _ _ _ ~ y~4 -