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Home My WebLink About2667 S. That be ~iU pet~lt. ca~sit. ot suflet eo waste, i~p~irarspt, a deterioratioa o[ rald proptety or aar put theied: aad i~ tl+s eve~t ot th~ t~ilure o[ tAe a~oit~s~o~ to ketp tbs buiWin~a oa said pceAises aod t6os~ tobe erected oa qjd pce~ises. or Iaipcoveme~ts ttrcreou. ia ~ood cepai~. tbe mat~~ee ~s~ay a~ake srch cep~i~s as in its discretloa it ewy dsew necessuy Ea the proper pre~e:v~lion thered. •nd the tull •~aouat a[ aach and every such p~Yment shall be iseediately due aad p~y~ble. an~ ahall be ~c~eeed by the lien af thls ~aort`ap. 6. Th~t be rritl piy a1l aad sia~ular the ccsts. ciu~~~:s. aad expanses. iACludia~ ce~soaable l~~ryer's faea. aad casta d abstracts oE titi~e. ie~cqrced a p~id at sny tiee by tbe mat~~a~ because ot tha failuie oa tbe pod o[ the e~ort~t« p~oaptly aad Iully to pecfa~s t6e a~meats ~nd coveaaats of wid'peanlssay ~wte aad this mat- ga6er, and said costs, cl~rges. aad e~cpenses sball be ioa?ediatel~r due and poy~ble ancl shall be secu~ed by the . lien af tbu eno~t~,a`e. ~ 7. t'lat he wiU keep tbe impcavra~eMs aaw e:istiag oc he~eaftat eeected oo the a~oet~ged property. insured as eoay be required froee tloe to time by the aottgagee a~aiost loss by fice tad ather hasuds. casualtiea, and contin- ~ geocies ia s~ch +~aauats sad foc snch periods as eay be requirod by mael~agee. aad will pay proaptly. Mrbea due. any pceaiwas oa sneh ~Insuraace for poyo~ent of whic6 Qcovisloa 6as not been ~de be~eiabeEoM. All inaurance shaU bc c~nied in comp~nies app~oved by matg+rgee aad the policies snd renewels tbe~of shall be held by a~at- ~aeee sr~d bave attacbed thereto loss payable cl4use• ia fava oE ead in form accepteble to tbe moet~pgae. Ls eveat oE loss i~ will give immediate notiee by ~wil to mat~gee, aad Aoctgagee a~y aaloe pcooE oE loss it not made pw~nptly by matg,sgix, and each insuraace canpoay coocemed ia hereby anthacised ai+d directad to aake poymeut tor snc6 loss directly` to matgagee iastead of to a~at~gar and natpgee )ointty, ~ad tbe ies~nnce pco- , eeeds~ o~ aqy pact theeeof, may be applied by aw~tgagee at ib option either to the rtdnctioa of the indebtedaeas heceby secured or to the cestoration a repair af the propedq dama~eed. In event ef faeclogure ef thia iaoctgags or ' other tr~nafec aE title to thc matg,aged p~operty in extiagaishment af tDe iadebtedness secured l~reby. al! right. title, and intecest of the eatgaga in aad to aay inanraace policics tben ia Eorce shall poss to tbe pnrc6aser a 6~aatee. - . . 8. Tluit the matgagee may, at any time pemdiag a auit upoa this ~aoctgage. ~~ty co ~e ~on~t havin~ ~,~isax- tioo thereef fac tbe appointa~ent af a receiver, aad such caut shaU fortbaith appoint a ceceiver of the p~emises covered Lereby aU aid ~ingular. inclndiog all and sin~ular the iacoae, prdits. issues, aad reveaues from Mrhstever sowc~dedved, eoch aad every of w6ic1~, n bein~ e:peersly mderstood. is hereby mortgaged as if apecificatly set forth end described ie the ~ranting and l~abeadnm ctau~ea heceof. wnd auch ieceiver a~all 6ave alI tlse broad and effective fuectiaoa aod pawers ia any~vise eattasted by p court to a receiver, aed such a~oiatment shaU be made . by snch caut as aa ad~?itted equitq aad a~setter oE absolute rigt~t to said matgagee. e~ withont refereace to tbe adeqnacy oc inadequscy of Lhe value of tbe propeety moctg,eged or to tbe solvencg ~ insolveacy of said mortgaga ~ or the defendeMs, Qod tlwt suc6 eeata, pcaEits, income. issues, and revennes sl~ll be applied by snch receiver ~ccoediag to the ttea of tbia. oatg~ge aad the pnctice of such caut. In tl~e eveat af any defautt oa the pert of the nwrtgogor hereuoder, the mortg~ga agrees to poq to the mort~egee oa demand as a ceasoaable maathly rent~l for the ~remises aa amo~unt at least eqyivaieat to ooe-twelftb (1/12) d tlie aggregete .af tbe twelve monthly install- a~ents payable in ti~e tbea cmm~t yeac plus the sctual amonnt of the anaual taxes, assesaments. wote~ rates, aad insurance preminms for sncb year not covered by the ofaesaid monthly paqments.. 9. T6aR (ol in tbe event of aay breach d this matg,age oc deEault on t6e part of the mattgpgoc. or {b) in the event tlwt a~ry of said rnms of money bereia referred to be not promptly aad fultq pold withoat demaad or notice, a(c) ia tbe eve~'tl~at eacb and every the stipulationa. ageeements, conditioas, and coveaaats of ~aid note and this matgag~e, ~ue not dnly. pcoaiptly. aad fnlly pedonsed; then ia either oc any such eve~rt, t6e said_a~g~regate ~ ~um mentioned' in said aoRe tbeA remoioing uopaid. ~rith interest aoccued to that tiwe, sod ait mosiey~ secuced 6ereby, a6a11 become dee aed payable focthrvith,• a there~fter, at tbe option af said ~ortgpgee;, aa fnllq end coio- pktely as if all of the sai~ snma of aooey were origiaaUq stipalated to be paid oa sucb day. aaythiag in said note ec in this aottgp~e to the conjcacy ndwit6stasding; and thereupoa or tl~ereafter, at the option of said matge- ~i Bee. wit6out n~ice or demand. snit at law or in equity, may be prosecuted as alt moneqe secured hereby bed ~ mstured priar to its institutioo. The mortg,a~ee m4y foceclose this awctgvge, as to the amo+mt so declared due aad poyable. ~nd the said premises s}wll be sold to satisfy aad pay t6e same together with costs, expensea,~nd ~llow- ~ aeces. lie case of pictial focecUoante ef this aiatg,pge, the mo:tgpg~ premises sbell be aold anbject to the coa- tinaiug lien af this mo~tgage fa the amouat of tbe detit not thea du~e aod unpaid. Ia such csse the pcavisioas of tbis pa~ragraph may ag~aia be avaiMd of tbereafta Erom time to tue by ihe mortgagee. 10. Thst tbe aw~t6aga will give immediate ndice by meil to the mortg,egee of any cooveyance, traasfer, a change of awnetsbip d tbe pseoises. ~ ~ 11. Tbst ao rraiver af eay caveaant hetein vr af the obligRtion secured hereby sbsll at any time thereafter be beW to be a wraiver of tbe te~ms bereoE a of the note sec~ced hereby: - 12. T6at if the matgpga~ drEaalt in any af the covenants or ogreeaienis contaiaed hecein. or ia said note, tben t1~e ~aort~ag,ee may pe~focm the sae~. and ell e:peadlto~ea (iAClnding reasonable attoroey's fees) made by the asoctgagce iu so doi~ sbaff draw iaterest at t6e rate set fartb ia the note secnred hereby. aiW sball be cepayable imc~ediately and wi~bout dewand by tl~e ooctg~gac to tlre aao~tgagee, and, toget6et ait6 interest atd costs ~ccruing the~eoo, shell be secured by tbis mortgpge. 13. that tbe malling af s rrrittea aotice a desand addressed to the owaer of recad ot the aortgagod premise~. oc dierected to the aaid owner At We Lst address actnally fucnia6ed to the Rortgagex, ot directed to sald owner at sai~d wsoctg~e,g~ed pcemises, aad m~ifed by tbe United States matls, shall be safficieat notIoe and denwnd in ~y case arising undec this iastruraeat aad reqatred by the pcovisiaa~ heced oc by latR. ~ 14. _ T1~e mort~,agot fuctber coveaaats tlwt ~s6oald this~ oect ~ud tl~e note secared 6ereby not be eli~ible u Euc insurance ooder tbe Natiaml Houstag Act within ~ from tl~e data hered (writtea state~neat af any oEtlcer af tbe Dep4rtineat af Housing and Ur6pn Developmeat o: •dhorjzed ageat of tbe Secretary of Hoos- ii,g ~d U~bsn Deveiopseat dated subseqaeat to tbe ~ QAYS time fmin t6e date af tbis eaortgage, de~cliniu~ to insure said ade aod this natg,A`e. betag deonrsd coaclnsire proof d seich ineligibiljty), the aortga- ~ee ar tbe holder d t6e aote m~y, at its optien, declare sll soms sacared berebp iomediatelq dne aad payeble. Tbe caveoanta h~ceia contained sball biad, as~d tLe beneflts ad advanta~es sliall iaure to, tbe cr~tpective heirs, euecata~s. adsinistrators. anccessors, and assigAs af the partles beteto. w6eoever used, the ain6nlar num- ber sball i~clud~ tbe ploral, the pi~al tba sinaular, ead tbe nse of aey ~ender shall include all gendets. 840K PAt~ ~?V~ ' ; . _ _ - ~ - , - .;.~.r-~