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Home My WebLink About2672 S. That he Mill pecait. canmit. a sutlet no waste. iwp~irm~at. or d~te~ioratioo ot sald p~operty o~ ~ay p~h thereof; aad in the event ot th~ (ailuce d the awrt~~a to keep tM bulWi~s on said pnAises aod tbos~ tobe erected on s~W p~amises. or Ieiprovemests thececa, io ~ood tep~i~. the ~nat~~~es owy ake s~ck np~irs ~s ia its disecttion it awy deee~ neceqay tot t!k pcoper peesetvNioe thtrod. ~nd the tull aoount d eich and every snch paYment sh~ll be imaediately due ~nd p~y~ble. a~i sh.ll be secured by ~h. lien oE eh~s .wKt•p. 6. Th~t be will p~y all ~nd sia`ula~ the costs. cha~~es. and expenses. includi~~ ee~saiable I~wyer's Ee~s, and costs oE abstacts aE title. iocyrced or p~ld at any tloe by the mat~e~ .bac~we af the tailurt oa the pod. o[ the awct~~~a pcvnptly and tully to peda~o tbe ~~ceeaneats ~ad covesaats of sald'pcaaissory note aad this mort- } ~age. and aaid costs~ c6arges. and expenses sb~ll be lomedi~tely due and piy~ble and sb~ll be secuced by the ~ lien of this moitgi~e. 9. Tb~t he wiU~ keep the improvemeats naw existiaa or beeca[tec eeected oa tbe moetg~~ed property. iasuced as may be ~equired from tiioe to tiene by the s~at~a~ee ~`aiast loss by ftre ~nd other hasads. casuptties. and contin- geacies in such aa?ounts aad to~ such periode os u~y be requirsd by moK~agee~ •ed witt p.y ~aiy. wbea~due. ~ any pceniwos on aueh insurance for paymeM of whjeb pcov;sloa b~s not been made herelabefaa. Ali in~urance shall be coRied in compeaies oppcoved by auoitpgee and the pollcies aad renew~la thereof sluill be held by mat- gja~ee aad heve attached thereto losc peyablr cl~uses in (avor oE and ia fa~s.acceptable to the mort~p~ee. Ia eveat of loss he aill ~ive immediate notice by awi! to oat~p~ee; aed eatQagee a~y inaloe pcoof ef loss if nd made PromptiY by moRga~a. _and each insurance canpRay ca~ceraed is heceby anthorued at~d dlrected to ~npkc~ peya~ent Eor snch loss directty to arortQagee iaste~d of to mateagoe aad oat~pgee jointly, aad the ie~urance pro- ceeds, a'aay part theceof. m~y be applied by moctgagee at it~ option eithet to the rednction of the lndebted~eea heceby sac~urd or to the restoratioo « reps~ir d tha propedy daaw~ed. In event of faeclosure af this mort~a`e ~ other traosfer of title to the mortg,~ged p~opedy io extiagaishment oE the indebtedaess secated he~eby. a11 right, title. and Inte~est af tbe mpt`aga in aad to any inaarance policies t6en in force shall p~ss to the pnrchaser or ~ grantet. . _ - 8. 'Thet the matga~ee a~ay, ot aey time pendiog a suit upon this moctgage, ~pp~y eo ct~e con~t bavia~ 3ariaai~- ; tion theceof for the appointo~ent d a ceceiver. end sach cou~t stwll forth~rith appoint o receiver af tbe p~emises covered hcceby atl aad singulu. iqcludiag all end si~igular the income, p~ofits. issues, and rev~eaae~ from whateve~ ~ sone~ce derived. each and evecy of whicL. it being e:peessty anderstood. is hereby matgaged as if speclfically set - fotth and described ia the gRaating and habendum clauses heceof. ~nd snch receivec slwll bsve all the brood aad i effective twictiatia and po~vers in anyaise eatrusted by a cowt to a receiver, ond snch appoiat~oeat ahall be made ~ by snch caut as en adeitted equity aad a matter of absolute right to ssid martgagee..aad ait6out cefece~e to tbe { adequacy or iaadequacy of the value of the pwpe~ty mortgaged or to t2~e solvency or insolveacy ot seid matg,aga or the defeadents, aad that s~ch renta. pcafits. income. iasuea. aad revcnoes sho11 be appUed by soch receiver According to the lien of Wis moctgage and tl~e proctice of such couet. in t6e eveat af any default on t6e psrt of the aw~tgo~ heceuader, the mactg:rgor agreec to {wq to tbe mortgegee on demand as e caisonable moat6ly rental foc the p~nuses aa amount at least eq~ivalent to one-twelfth (1/12) of the aggreg,ste d tbe twelve mw~thly iaabll- mcnts poyable ie the then cumnt year plua tbe actual amonnt of the aanwl tases, asaesaments, ws~tet rates, and t ipsuance~ minms fo: aach year not covered by the oforesaid monthly pnymeats. 9. Tli~~~1 in the event of any breach of t6is niortgage oc deEault on t6e p4rt af tbe moetgpgor, o~ (b) in the event that any of aaid snms of raoney 6ereia referred to be not promptly and fully po~d witlwut demaad or aotice, or (c) in tbe sveat that each and every the stipulatioas. agceeineats. coaditioos, ae~d coveoants of said note and this mo~tgage. are aot daly. promptly. and fnlly pedor4ed; then in eitber or any such event, the aaid aggs~~ate sum mentiooed in said note then remaiaing unpaid, with iaterest accrued to tlwt tiee. ond oll moaeys secnred ' hereby. sball becoa~e due and payobk fvrthwith~ oc tbereifter. at tbe option of said ~attg~agee. os fally and coin- t f pktely as it all of the said soms of ~y were origiaally stipnl~ted to be ~aid on such day. aaytbia~ ia said 4{ ; aote a in this oo~tga~e to t6c contrary notwitbstanding; w~d thereupoa or tLereaEter. at the option af soid matga- t ~ gee, without notice or demand, suit at la~r a ia equity, aiay be prosecMtd as ~ atl moneys secured hereby 6ad ~ matured prior to its uutitution. The mo`tgirgee may foeeclose this martg,aee, aa to the amouat so declared due aad ~ payable. a~ the said premises shall be sol$ to satisty ~nd pay t6e ~ome toeetber with costs, expenaes,and allo~_ ~ ances. In case of partial foreclasure of tlus mat~e, tbe aortg,~ged premises ~boll be aold snbject to tbe con- tianiag tien of tbis mortgage fa the amount af the debt not then due oad unpaid. Ip auch case the pcovisians of this paragraph may 4~ain be avaikd of thereaftet (rom time to ti~ i?y the mortgagee. 10: Thst the mort6aga will give immediate notice by mall to the mortg,agee of eay coaveyence. transfer, er cban~e oE o~vnership of tbe.premises. _ 11. That no ~vaiver of any covenant hereIn o~ of the obligation secured hereby shall at aay time thereafter be hefd to be a wsiver of the tenns her~cf oc of the nate secured hereby: 1Z. TGat if the moRg~ga defanlt in any of the covenanta or ag,reements contained 6eceiA, a iu said note, tbea . the ~oortg,agee awY perfo~m the aa~, and all ezpenditn~es (inclnding reasonable attacoey's fees) made by t6e- . mortgagee in so doia; shall draw iaterqt at the rate set fortb ia the note secnred 6eceby, ~nd sball be ecp~yable imo~ediately and without demand by We moctgager to tbc mortgagee, and, togetber witb interest aad costs accruiag thercon, shall be secuied by this mortgage. 13. th~t the moiliag oE a written ndice a deaandaddressed to the owner of record of the oortgaged pce~ises~ ~ a directed to the said orvner at the last addn~s ~ctnslly furitiabed to the mortgagee, ac di~ected to saidawner at said nodgiaged pre~uises, and moiled by tbe Uoited St4tes awiL. siyU be sufficlait aotloe and de~wnd ia a~y ~ w care arising under tbis instruneot sud :eqnired by tbe pcoviaions hereof o~ by law. ~ 1~. The moet~agor fort6er caveaaats tl~t sboald this modgg~e ~ad th~ ee6te secared 6ereby not be eligtble fa insurance nqder the Naticoal Housing Act withia ~~T1 from the date herecf (written stateoeat of any oEEicer of tbe Dcpactmeat at Housing ~nd Urb~n Development or •dbociaad ageat of t6e Secretary of Hous- ing and Urbaa Developseat dated subseque4t to tbe 30 ~Y~. time trw~ the date af this n~ptp,~e, declinin6 to insure said nete and tbis ~ortgpge~ being deemad canclnaitro proaE d sncb iaeligibiUty), the ~noctgA- gee or the holder oE tM note msy, at its optian, declare oll sums ~ecored hereby 3amedLtely dne and p4pble. Tbe covenants herelA cantalned shall bind, sad t1~e benefits ud ~dvanta~es sball taure to, tbe eespective heirs, execetas, tlsinistcaters, aoccesson. and ~ssi~ss of the paetles beteto. Nkenev~ used, tbe sia6u3or nuw- ber shal! incl~ ths plnrwl, tbe pinral the sie~uLr. and tbe we of any gender sb~l! ~nclude all geedets. ~ 600K18V PAGE2UUeJ -~F.~ ~ : ~ _ _ _ , .