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Home My WebLink About0157 . the deRciet~cy. Such p~yn~eat d~all be n~Mde within ~hi~ty (30) d~ys stter writt.e~n ttotire troete uie ~lortgagee ata ~ing the auzount a th~ e~d~ ~ea-e~~_ _~ich noli44 dn~r be Rivea by m~il. It ~t ~ny tims t.he ~tort~or sh~ 1 tender to the ~i ~n ~id' nce wil,!? Ihe~provawiu ot the ~ote secuced hereb~, tuU py+taenl~ ot the entir+s indebt~dnes~ repnrented thcreby, the MoMg~gee ~ kustee ahaU, in computing tha ~mount o[ such indebtedneis, crsdit to the sccount o~ the Mart~y~or aqy credit b~la~ce rem,~ining u~der the provitiona o! (s) of s+?id ph lt there ahsll be a datNUlt unde~ any ot t~he pmvisions ot this moetgy~e cesulu in s ublie ~he premises co~ ered herebJ~ or it the Mort~gee ~cquires the pe~opec6y ot,herwise ut~ ~ ew de(~u t, the Martg~gee as tcustee shall apply~ ~t the time ot t~iie oomrnencement ot auch proceedinga or at t~e time the propercy is otherwiee acqnircd~ the amount then rem~ining to credit ot Mortgagor under (a) oi P~!Pb ~ P~u?8 aa s credit on the interest uccured snd unpaid snd the balaace ~o We princip~l then remuausg unpaid on said tu?~s. . 4. 8e wW py all ta~oe~, asermanb. watiee tate~. aod o~be~~~mea tat oe munieip~t ohar~e~ 6ae~. or ~ fmporitioLai. for whieh pe~ovirioa bss not beea ru~s ~etnbdore~ and In detaulL tl~ee+eot tbe Mort~ee nyY P41? ~s a~ms; aad ~sL bs will prooopt~? ddiv~er ths a~ial reoeipts t,b~retor to t,6s ~cst~ea, a. He wlli permit, ooaomil, ar au~er no wads, impairaie~R ce det~erio~st,ioa ot e~W p~+ope:#,jr ataqy t~~eo( ec~oept re~sooabis we~r aad t~e~r• and in !hs ereat oi ths failure of t6s M~orat~,or to Ic~eap t6s build~i oa eai~ pemni~es aad tba~e Lo bs areete~ aa ~aid pe~eani~e~, oe impe~oveaneat~ t~reoa~ ia ~ood reprir t6e Morts~ee myr m~ioe w~oh :epair~ a~ io its di~oretian !t ayy deem neoeesary ior tbe~P~ pe~ese~rvation tbaeo~. snd tbe full a,aaount of e~aob aad svery wob p~ymeat d~all b~ dus an~d p~Yabk t6ief~~? (~uJ d~rs aft~s demand. and ~il bs ~ecured by . tbs lie~ at t~ mor~p~a. . • 6. He will p,y aD aad ainsulsr tbs oat~ ~r~a,, and e~cpe~es, ineludin~ reaso~nabls Lwyenr'~ tees, ~ad ood~ at abstraab oE~tls, iaa~rrsd ot p~id ~t ~qy time try~ t6e Mo:t~ee beeauee of the failure on tiie put of t6e Mort~ aee P~?P~Y ~ to per[a~em t6e aaeeeaoent~ and~ ouvea:nta of e~id promiesory note aad this mort~e, and s~:d ~P~ ~~°~~b? dns,~nd p~yabls aod aball be.ecured by the lien ot t7us mort~e, 7. He wiU o~ntinuon~ m~nt~n bal~az+d i~surancs, oi snch tjpe or~yp~ a~ad amounta as Mort~agee ma~ fi+om time to time requua, on iLe impro~ements now or Lereattar oa said - and e~coe ti when for aIl such pr;emiums h~ th~erstotors been made under.(s of 2 hereof „lll p P'~lment My Pmmpvy ~rhm due say pnenunme tLerator. All iasuranoe s~a11 be ' ia oompames uPPmve~ b~ I~io and the pol~ cies and reaewals t~hereoi ahaII bs held bl Mor`.g~g~ee and Ls~e attached thereto kss psyab~uses in tavor oi ` a n d in iorm ~?oosp t a b l s to t b s Marl~ I n e~ent o i I o e s he w i ll give immediste notux by mait to Mortgagee~ and Mort&~gee m~y make proof o if nuti made PromPW bY Mor~6ag~r~ and e~ch inwranos oompan~ conoerned ~s Lereb wtbori:ed and direated to make psyment for such bes du+ecyy to M~~~ mstead d t~o Mortgcgor and ~ortg~g~ee 'oin~y , and the insuranoe prooeeds, or aqy part tLere~f may be ~?ppled by 111art- ~gee at its option either to ~e reduction oi the indebtednesa hec+eby secur~ or to t~e restontion or repair ~t ~he property dam~ed. In eveat oi foreclosure of tbia mortg~ge, or otLer trsnater of wtle to the mortgag~e~ ~ pe~opert~ in eztwguzshment of tLe indebtednees aecutbd Leraby,-all right, title, and interest oi tbe Mor~gag~or in ~ad to aa~ insuranoe poli~s~ t~en ia foroe ahall psss tp ths p~m~ee~r or grant~ee. 8. He will not asecute or file of reoord sny insttument whi~h ia?posee a reatrictioa upoa t6e saie or oocu- p~acy of the proper~y deecribed herein oa the basis of noe, oolor~ or creed. 9. Ii the premises, or sny part thereo[, be condemned under the power of eminent domain, or acquired for a public use, the damages awarded, the proceeda for the taking of, or the considerstion for auch aoquisi- tion, to t6e extent of the full amount of the remaining unpaid indebtednees~ seenred., by thia mortga~e, are herebv asaigned to the Mortgagee, and his heirs or assrgns,,and shall be. paid forthwith to said Mo- or hia aes~'gnee to be applied on sccount of the last maf,~nng inst~alime~ta vf such indebtnesa; provided~~o~.~- ever, the Mortgsg~e or his aasignee, may st his diacretion pay direct to tbte Mortgagor, hia heira or assigna - eny part or all of sucL award; pmvided, that if the losn is guuant,eed or insured, ~he ooasent of the guaran- tor or uisurer is o6tained in advance of s4idps yment. ~ 10. T6e Mortgagee msy, st_~ time ~en 'dtng a aeut upon th~s mortgs~e~spplp.to the oqurt havinR jurisd~c- tioa thereof for the sppointment o a receiver, wd such oourt ahsll fortTiwn s~point a receiverof the premises oovered Lereby all and singular~ inciud'u~ ell and eingular the inoome~ pmfits, ?ssues, and revenues from vrhat- ever eource denved, each-and every of vchich it being expreasly uaderstood, is hereby mortgaged aa it apecifica~ly set forth and described in the grant,ing an~ habendum elawaea bereof. SucL sppointanent shall be msde by auch court as an admitted equity and a matter of absolilte right to said Mortgsgee~ aad without retereace to the adequacy or insdequacy of the value of the property mortgaged or to the solvency ar insolrency of said M ~gag r or the defendsnts. Such rents profits, income, ~ssuee, aad revenues shall be spplied by such receiver acxo~~.d~ -'ng~ to tLe lien of this mortgage an~ the practice oi such court. In the event of any default oa the part d the Mortgsgor hereunder, the biortgagor a~rees to pRq to the 4to agee on demand as a reseonable monthlv nntal for the premises an amount at least eqwvalent to one-twelfth of thes~ga te of the twelve monthlv insteltraenta psysble in the then current year plus the sctual amount of the annual taxes, aasessments, ~rater ntes, and insuranoe premiums for such year ~ot oovered by t6e aforesaid monthly payments. ~ 11. In tLe event of any breach of this mortgage or default on the part oi the Mortgagor, or in the event ~ thst any ot said sums of money herein referred to be not pmmptty and fully psid according to the teaor hereaf~ ~ or in the event that each and every the st~'pulatione, agreenaents oonditions, and covenants of ssid note snd t6is mo , are not duly. promptly, and inlly performed or i~ tLe Mortgag~or be sdjudicated bankrupt or ' made def~ant in a bankru~tcy or receive:ahip proceedwgs; then in either or u?y such event, the said aggre- ; g~ta sum mentioned in_ said_ note ~h~n nm unpud; with intereat accrued to that time, and al! money ~ eecured hereby ahsll become due aad psyab~ortLwith, or thereafter, st tbe option oi said 1liortgagee, as ~ fully and compfetely sa if all.the said sums of money we~e originslly ati nlated to be paid on such dsy~ an~- ~ thing in asid aote or in this mort~age to the oontrar~ notwithstanding; an~ thereupon or thereafter, et the option of asid Mort~sgee, writhout notice or demend~ swt at law+ or in equity, msy be proaecuted as if all monevs eece~red hereby ~ad mstured prior to ite institution. The Mortgegee msy forecloee tbis mortgage, as to tf~e amount so declared due ewd psysble, and the said premises ahallbe sold to astisfy snd psy the same together with c:osts expensea, and allowances. In csse of puti~i fareclosure of this mortgage , the mortgeged pmmises shall be sofd subjec~ to the oontinuing lien of thia mortgage for the amount of the debt nat then due end impaid. In such case the proviaiona oi thia paragcaph may agaui be svuled of thereafter fmm time to time by tLe Mortgagee. ~ 12. No wrr?iver of any oovenant herein or of the obligatioa secured hereby ahall st sny time tl~erea[ter be ~ held to be a wsiver of the terms hereoi or of Lbe note eecured hereby. 13. The ~ien of thie instrument shall remain in full force and eHect dunng i?ny postponement or estension oi the tirae of paytnent oi the indebtedness or anp part thereof secured hereby. ~ 14. Thia mortgage is given to eecure Lhe purchaee money, or a put thereoi, oi the lands herein described and is e=ecuGed ~nd delivered contemporaneoualy with the deed.therefor. 15. If the Mortgagor detault in ~ay of the oovenants or agreementa contained herein, or in said note, then the Mortga~ee map perform the eune, and s11 expenditures ('including reasonsble sttorney's fees) made by the Mortgagee u? so dou~g shall drsw interest at the rste provided for ia the principal indebtedness, and shul! be b psyable t~irty (30) days dtee demand, and, toget6er with interest and co~ts accrued thereon, shall be secured ~ y Wir rtgage. 18. Upon t]~e t~equeat of the Mortgag~ee tbe Mortgagor shall ea~ecute and deliver a aupplemental note or ~ notea for t6e sum or aums advanced by the Mortgagee tor the ~lteration, modernization~ improvement, main- teaance, or repair of said pnmiaea, for texes or aeeeasmeata ~gainst tbe same u?d for sny other purpose autl~or- ised h~reunder. Srid note or notea sball be secund hereby on a parity with aad as fully as if the advu?ce erideaoed tbenby wers iac~uded in the note Srst de~cribed abo~~eR. S~id supplemental note or aotes shall beu 8Gr1(1~U PA~E 1~ n ~ _ - ~ , _ , . _ ~