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Home My WebLink About1555 i ` i S the deficiency. Such pay inent ahall tie mede within t6irty (30) dsys at~ec writt~en notice tro~n the ~iortgagee ~ staLing the amount oi ti~e deficiency~ which not,ice msy be qiven by mail. at any time the Mortgsgor ahs~l tendet to the Mortg~ee i~ acoordance wi~h Lhe proviatone ot the note eecured hereby, tuU payment oi the etttire indebtedt?ees tepreeented tt~creby~ tt~e Mort,gagee ss trustee ahall~ in oo~nputing the ~mount ot auch indebt~e~neee~ credit to' the sccoun~ ot the \iortgs~or ~ny credit balance reinainiug under the pcovisioas of of saidpsra~raph 2. It there ahsU be a default uader s~y ot the pmviaions of this mortgage resulfang • in a public sale ot the premises covered hereby, or ii the Mortg~ee ecquiree the property otherwise atter detault~ the Mort.gagee as truatce ahall apply~ at the time of the oommencement o[ auch proceedings or at the time the property is otherwiee acquired, tha amount then remaining to crodit of Mortgsgor under of para~raph 2 precedmg ea s credit on the interest accured and unpaid and the bslance to the principal theu t8II1~lAlIIg l1IIp~id OA lal~ nAL9. 4. He ~~1 ~~~0% aME~O~ Z'itiE/~ ~ Ot~ Yal'O~II~ O! ID1lOjC~~ O~ii~E{~ ~ Y l'O tOT NL~Oh ~OYl~EOII L~6 DOL bEEII ID~ ~'E~II~OI~ ~Dt~ ~f~t ~E!'~OI ~ MOr~~ IDy/ t . ~ ~t LO ~L ~['Om~ ~V~6! ~ O~ICW !'EOE~~ ~'~fOt t0 ~ MOl~,~O. t a. He ~II~I p0lml~ 00~~ O! n0 wY~A~ ~jl~~ti~ O! ~Otft~OR Of 0! pLit t~~ aaeaepi reawnabls we~t and t~a~r• ~nd la tbs event ot t6e ure of tbe Morf~or to keep the b~din~e on s~ peemi~e~ ~nd thoee to bs ereetec~ on ~id preo~ees, a~ improvement~s thereon, in 6ood npair the Mort;+~e+e ma~? mak~e sue6 repaiis a~ ia ib disoreLioa it m~y deem neoeeeary for t6e_~ropet presesvation thereo~, and the full amoua~ oE eaoh and pevery w~oh p,yment sball bs dne and P~Y+~ ~~7 ~ sttee dem~ad, and ~all be secnred b~? tbs liea of tLis mat~s. 8. He will pyr aIl and ein~uLr t6e oosts, and e~penses, ineludins resson~ble lswyer's fees, ~ad oosb of absvacts ot ~itle, incurred or paid st soy time t~ort~~eb ba~use of tLe failure on the pa~t oi the. Mort,~a~o~ prompt~y and to pertarm t6e ~+eementa and oovenante ot said promies~ry note and thia mor~~e , and said ~ PU?~ and .hall be secured by tLe hen of chis mortp~a . ) ~ , 7. He will oontinnou~ msint~sin ~wrd msuranoe, o~ a~ ~pe oi t~pes and amounte as Mort~gag~ee au~ trom time to time requus, an tLs imp~+o~bmenb~no~~ Lereaiter on said p»mises and e:oepti when paymen0 tor all such premiums bas therstoto~+s been made under (a oi par~grsFh Z hereoi ~e will p~y pmmp~y wheu - due any praminms therefor. All insuran~oe ~hall be ~ in oumPan~es sPProve~ b7 biartgagee and tbe poli- c~es and renewab thereoi ehall ~s Ldd by Mortg~gee and b~ve attached theret~o loas p~yable cCsuses in isvor oi - and in form aooeptable to tLe M In event ot loes he will give immediate notice by mail to Mortgsgee~ aad Mortg~ag~ee m~~ make pi+oofa~~ ii noti made pr~mptly by Mortgagor, and each ina~ranoe oomp~a~ oancerned ~s Lereb sutLori~d and direct+ed to maice p~ymeat for auch loee -directly to Mo instead oi ~o Mortgagor and ~ortgage~ joint~, aad t,he insunaoe prooeeds, or aqy part tbereof my be~a~jp~i'ed•by 111ortr ~ges st its option e?tber to tbe rsductioa oi the iadebtednees hereby eeciu~ed or to t~s restorstwn or repair ot tbe proper~~ dam~ed. In eveat oi foreclosure of t6is anortgage or other tranater oi dtle to tbe mortg~ged ~u+operty m eztangmahment oi the indebtednees secured hereby, a~l righ~, title, and iaterest of the Mortgsg~ot m and t~o aq~ insurance policies tLen ia foroe shall pass to the purcbaser or grantee. 8. He will not e~ecute or file of record any instrument ~v6ich impoeea a restriction upoa the sale or oocu- pancy of the proper~y described herein on the baaia of nce. oolor~ or creed. 9. If the premises~ or any part thereof~ be condemned ander the power of eminent, domain, or aoquired for a pubiic use, t~he damages awarded, t6e proceeds for the taicing of, or the consideration for such aoquisi- tion, to the extent of the full amount of the remaining unpaid indebtednesa secured by thia mortgage, are i hereby assigned to the Mortgagee, and hia heira or assigns, and shall be psid .forthwith to said Mortgagee or his aee to be applied on account of the last matunng installments of such indebtness; provided, hDw- e~er, the ortgagee or his asaignee, may aC his discretion pay direct to the Mortgager, his heire or aesigna any part or all of snch sward; provided, that if the loan. is guaranteed or inaured, the consent of the guaran- tor or wsurer is obtsined in advance of saidps ymeat. 10. The Mortgagee~ may, st any time ~en ~ding s suit upon this mor apply.to the oourt hsvinR jitrisdic- age tion tLereoi fos the appointment ot a receiver~ and such oourt ehall fo vv~t~ a~point a receiver of the premisea ~wvered hereby all and aingular, includin~ all and singular the income, pmfita, ~asuea, ~nd revenues [mm vrhat- ' ever eouroe denved, each and every oi vrhich it being expresely underatood~ is hereby mortgaged as if specificsUy ~ set forth and descnbed in the granting sn~ habendum clsuses bereoi. 3uch appointmeat shall be made by E such oourt as an admitted eqwty and a matter of sbeolute righE to said Mortgagee, aad vrithout reterenoe to I the adequacy or inadequacy of the value of the property mortgsged or to the solvency or inacl~ ency of said Mo_t~sg~ r or the defendants. Such renta~ pmfits, inoome~ isaues~ aad revenues shsll be spplied by such receiver accorrL -'ng~ to the lien of t6ie morigage and the practice of auch oourt. In the event of ~np default on the part oi the Mortgagor benunder, the 1~lortgagor sp~reea to pay to the Mor on demand aa a reasonable monthlp rental for the premisea an smount at least equivalent to one-twelith of thea~r~a te of the twelve mont}ily inatallmenta payable in the tLen current yeu plua the sctuel amount of the annual taxes, assesaments, water ratea, and insuranoe premiums for sucL year not oovered by the afoe~esaid montLly psyanents. 11. In We event of aay breach of thia mortgage or default on t6e part of- the Mortgsgor, or in the event thst any oi said suma of money herein reten~ed to be aot prompdy and fully paid acc~ording to the tenor hereof~ or in tLe event that each and every tbe stipulations, agrcemen~s oonditiune, snd oovenanta of ssid note ~nd t,6ia mortgage , are not duly, pmmptly, and fully performed or i~ the Mortgagor be adjudicated bankrupt or made defendant in ~ bankruptcp or reoeiveiahi~ proceedin~; thea in either or any such event, the said aggn- gste sum mentioned in said note then rem unpaid~ ~vith interest uxrued to that time, and ell money secured hereby ahall become due and psysb~orthwith, or thereafter, st the option ot ssid 11iortg~gee, as fully and oompietely as if all the s~id suma of money were originaUy atipulated to be paid on such d~y~ an,r- thing ~n said note or m this mort~ag~o to the oontrac~? notwithstanding; and thereupon or thereufter, et the option of aud Mortgagee, withont not~ce or.demsnd~ swt at la~vv or in equity, mav be prosecuted as if a11 raonevs secured herebyl?ud mstured prior to ita inatatution. The Mortgsgee may foreclose this mortgage. aa to t6e amount eo declared due and payeble, and the eaid premises shall~e sold to s~?tisfy aad psy the asme togethtr ses with ~osts ezpenses, and allowances. In csee of partial foreclosure of this mortgage, the mortgeged pmraises ~ shall be sof d subject to the continuing lien of this mortga~e tor the amount of the debt not then due end unpaid. ~ In auch caee tbe provisions oi this paragraph may agam be availed of thereafter from time to time by the < Mortgag~ee. ~ ~ 12. No waiver oi my oovenant Lee~ein or of the obligation secured hereby shall at any time theresfter be ~ held to be s rvuver oi the terma hereof or of the note secured hereby. ~ 13. The lieu of this instrument shall remsia in full force and eBect during sny poatponement or exteasion < of the time oi pa}+ment of the indebtedneas or eny psrt thereoi secured hereby. ~ 14. This mortgage ie given to eecure the purchase money, or a put thereof~ of the lands herein described aad is e=ecuted and delivered contemporaneoualy with tLe deed therefor. ~ 15. If the Mortgagor default in aay of the covenanta or agreements c~ontsined herein, or in said note, thea the Mortga~es msy perforzn the same, and all e~cpenditures ('including reaaonable sttorney'a fees) made by the ~ Mortgagee m so dou'~g shall draw int~ereet at the rate pmvided for in the principal indebtedness~ snd aLsll be a~; repsys~ble thirty (30) da}?e sf ter demsnd, and, together with interest gnd co~ts ~ccrued thereon, shell be secured ~ by. t~is mortgage. 16. Upon the request of tLe Mortgagee tbe Mortgager shall execute md deliver s supplemental note or ~ notes ior the aum or. sums advanced by the Mortgagee for the altention~ modernization, improvement, msin- i teamce, or npair of eaid premisee, for taxes or aeeeesmenta against t~e aame and for any other purpoee auc6oc- + ~ ized hereunder. 3aid note or notea ehall be secured hereby on a puity with and as fully aa it tlie ~dvance evidenced thereby were iacluded in the note 6nt deecribed ~bove. 3aid supplemental note or notes ahall besr , _ ~ ~ ~ ~ ,~.a.~ _ `'°"~,k,~,~~~,°~'= q,. _ ~ - ~ - ~v _ ~ . .Y;~~~;