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Home My WebLink About2967 ~ , ~ . ~ . f~ • ~ ~ ~ i.~ ~ S. 'L'Vt IN will p~r~lt~ co~dt, a iu[~ir~s~. N~~~. a d~tKiacrtioa cI .atd ~op.Ky ae wr vut ~ect: ~nd~ iA; tlM tvtat oi t!~ t~ltuc~ d tM aat~~a to k~p tM balidia~s os s~ld pn~is~s asd tMos~ tob~ enct~d ain s~l~ pee~l~s~s. a i~p~ow~tats tb~e~oa. iu iood e~p~~r. tb~ ~atpp~ My ~la such c~p~in ~s ia its dl~rttiq~ lt~!~? d~~ a~ssaty ta tb~~ pcop~t pna~vattoa tl~rtd~ and ~ Enll a~wow~t oE ~acR aad ev~~y sucr p.yw~a~ sh.tl6i lao.duc•ty dw .ed p.ybt.. .nd sb.ll b~ a.cu~ed by ~be ii.n ot ch~s satpp. 6. Tb~t lN will p~y ~ll ~ad sle~ulu tM costs. chu~es. and expeas~s, U~cludip~ cMSaubl~ bwy~r's feea. _ and cost~ ot ab~tncts of title, t~nnad a~ ~c .nr ~iee by tb~ ~aatptae b~cause of tb~ f~Ilure on t~e part Qf th~ ~so~trEa~ peo~ptly ~ad tully to p~ta¦ t6~ a~reeaeats ~ad- caveaaats of qW p~oaissory note aad th,is aod- ~e, .aa s~id cast~. cbu~es. and e:peas~s slyll be l~osdi~tely dw aad p~Y~blt and slu~ll be secured by tb~ 1l~ea d tbb ~t~• . - 7. '1'Wt he wIU keep tl~ Iwpco~vemeats aow e:tstias at h~re~ftsc erected oa th~ wwt~prd prop~ety. tas~ued ~s owy be. r~niced frcA tlas to tlme by 2l~e ~aatp~ee a~~iast la~s by ftr~ oad otber insuds. c~sualties, and ca~tip- geactas lp snch aoounts aad fa sucb periods ~s a~ay be cequirad by mat~a~sq, and wiU pay pcvmptly. when due. any premlums on s~h iasuraACe fa poymeat of whicb pcovisioo has aot bsen made herelabefcce. All iasucaace shaQ be cante~'ia campanles app~ovcd by moetp~ee aud tbe policies and reaew~l~ theceof slwll be held by mat- ga~ee and have attacbed theceto loss ppyable clausea in fovo~ of aad in Eo~w acceptoble to the martgpgee. Ia eveat of loss he wUl give immedlate aotice by ~ail to aatg{agee, and morteagee awy mak~e proof of loss if not made pwmptly by matgpga~. and each insursace coaipany ca~ceraed is hereby autha~ed aad dlrected to make - pay~?eat fa sucb loss dirtctly to eott~ajee iostead d to mat~p~ac and aat`pgee joiaUy, aed the iasureace pca ce~ds, or any part thereoE, oony be •pplied by martgages at its optiaa either to the ~edaction of the iadebtedaesa i~ereby secu[ed a to tbe eestorptioa a rep~?ir of tl~e pcopedy dampged. In event d foreclaeure d this aw~tgage a ot6er treasfec of tttle to the tnatgpted pcopeetY ln~ e~tiaguisbment of the indebtedness secured beraby. all right. title. and intece$t oE thc mat~,~asa in aad to ae~y ~naurance policies thea ia te~ce shaU pass to the purchaser ar gxaatee. . . 8. Tbat tbe mat~azee iee~l. ~t ~ay tioe peadiag a suit upoa this maetgo~e, apply to the court 6aviag jurisdic- . tian ~tl~ereaf fa t6e appaiat~aeat af • receiver. aed sucb caut aball fathwith appaint o receivcr o[ the premisea covered hereby all ~ad siagular. iacludiag all a~d sin~ular the L~come, prefits. issues. snd revenues fro~ wbptever source derived. each_ aad every of which, it being e:qessly uadecstood. is Lereby ooctg,sged sa if apeciEie.~lly set focth and described in the graating aad l~abeadu~ clau~es hereof, and snch-receiver, shali 6ave all the bro4d sad effective functioas aad powers in anynvise entrustad by a couet to a recelver, aad sncb appoiatair:at shall be m~de by such court as aa admitted equlty and a matter d ebsolMe right to said aatgagee; aad ~rlthout referenc~ to the adequacy ~ inadequacy of the value of the pcopezty oort~aged ~ to the solvency a insol~a.y of said matgpga , or the defendents, aad that sucb reats, pcofits, income, issues, aid ~even~es shall be applied receiver accocding to the lien of this mortgage and the practice of such caut. la the eveat at aay d~~~~ed of the mortgegoc hereunder, the matgagoc ag~ees to pey ~to the matg,agee on demand as a reasoaa~le montbly reatal Eor the preaases an amount at least eqqivalent to oae-twelfth (1/12) of the aggregate ct tbe tvvelve a~oathly install- ments payable in the tl~en current yeac plus tbe actual amamt ot the aanual taxes, a~res~a~ents, ~rat~ e~tes, ~aad insurance pcemiums for such year not covered by the afaesaid moathly peyments. 9. That (a} in tiie eveat of aay breach of this mottgage: or default m the ped of the mflrtgagoc. or (b) in the eveat that any of said sums of money. herein referresl to be pet pcomptly and fully pald witho6t demand or aotice, or (cl ia tbe event that each and every tLe stipulations. a~ceements, conditions, and coveaeats o f said note a n d this mortgage, are nd duly. ~omptly, and fully performtd; then in eitber a.any such avent, the sqid a~~,gte sum meatiooed in said note tben remainiag napaid, with iatece~t ~rued to that time. aad ell moneys secured hereby. shaU becoaie due aad poyable fodbwith, ac t6ereafter, at the optioa of said.matg,ogee. as fully ead com- pletely as if ell of the said sa~s of a~oney erere originaUy stipnlated to be ~peid on snch day. aaything in said note or in this moctgagc to the cattrary aotwithstanding; and thereupon a theceafter, at the option of said martga- ~ Bee. withont notice oc demand. suit ~t law or ia eqnlty, may be prosecuted es if all~moneys secured hereby had ` matured pria to its iastitnt~on. The moctgagee may faecloae t}us moctgage, as to the amount so declAred due and ~ payable. and the said peemises shall be sold to satisfy aad poy tbe same to~etber with co~ta, expeases,aad aUaw- ances. ta case of pnrtial foceclosuce oE this mortgpge, the mortgpged pcemises shall be sold snbject to tbe con- tinuing llen of tbis moctgage for the amount of the debt not then due and tmpaid. In such case tbe provisioas of ' this j~ragcaph may ag,ein be availed of thereaher from time to time by the mortgagee. _ 10. Tlwt the mortg,agoc will g~ve immediate notice by mail to the mortg,agee of any coaveyaace, transfer, or c6a~rge of avnership of the premises. 11. ?hat ao ~raiver ot any coveaant hereia pc of tbe obli~tion secaced bereby shall at aay time theceafter be - held to be a waiver of tbe tenos hered or of the aote secured bereby. 12. T6at if the moctpgar default in any of the covenants ar agreements contaiaed bereia. a in s~id note, thea the mortga~ee may pedam t6e samg, and all e:pendit~ues (iacludia~ rwsa?able attaney's feea) mAde by tbe mo~tgagee ip so doin~ a6aU draw interest at the rate set fath in th~ note secwed hereby, end shall be repnyable immedls~ely oad ~ril6out demand by We matgaga to t6e matgagee, and, togethec wlth intecest and costs accruing tbereoa, ~Ln11 be secnred by this ~uodgage. 13. tbat the m~?iling af a wcittea notice a demandaddressed to t6e aw~r af cecocd ot.tbe matgaged premises.. . or dirscted to tbe said oanet at the last ~ddcess ~ci~lly fnraisbed to t6e ooctg,oges, at directed to said awnet at sQtd aoet~pged pre~iaes, ud w~lled by the Ualted State~ ~ils, s6all be snEEiclent aotice and dem~ad ia any caae uisias aader this instrume~t ~ reqnired by tb~ P~isions 6ereof or by law. 1~: Ttr matga~a covesnnts aad ag~ees tLat so loag s~tdfs e~atg,age ~d tbe "s~3d aot~' see~ired Geceby ace insnred ~ader tbe provisioos oE the Natioaal Housing Act, he will nd eaecute or file fo~ recocd any instrumeat which i~pa~es a~estrictioa upoo the s~le ~ eccup4ncy d the mat8A8~ P~~~Y on the basis of race. color. a cceed. Upon ~oy violstia~ of tbls undectakie6, the aaortga~ee ma~?, at its optton. declare the unp~id balaace af t6e debt scctued herel?~? iaoediately due aad poyable. ~ 1S. T6e ~ortsa~r fmtbet covenw~ts tbat a6ould thism~tg,~N~ad tha nde secured hereby aot be eli~bk foc insurance nader the NaUaoal Honsio~ Act withia ~7 ~l?: ftoe tbt date beceof (wrlttea stateeeat af a~ny ofEicet oE t6e Dep4rtmtnt of Housit~ ood Urbaa De~qpge~_oc authocised.a~eot of tLe Secretary af Hous- ing . aad Urban DevelopmenE dated subsequent to the l~9 ~ tiie from t6e date of thls moet~a;e. declining to ~ said nde'and this ~oct~,age, bein~ deemrd caacluslve proot oE such ipeli~ibility), tbe mort~- gee or tbe bolder af t6e aote moy. at its optian. declaee aJl swos secnred heceby immediately dne and papble. Tl~e c~o~aaittr herela coataiaed siwll bind, and tbe beneflts aad admata~ss a6a11 innre to, tbe respactive " heirs. exec.wtas. admioistraton. ~uocessars. and sssi~s af tbe patties 6ereto. wbeoever ~ed. the siaeulor aum- ber ahal[ include tbe plural, the plorat the sinaular, and the use oE wy ~endec sh~ll include a11 geeders. ~ _ i~i~S ~~9~'~0 . . - - _ _ . _ ' . ~ ~ ~ : _°x _