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Home My WebLink About2832 ~ , ~ ~ ~ the deficiency. tiuch pay~nent d~~ll bo u~bde withip tt~cy (30) d~ya ~tter writcei~ noti~r fro~n ~l~e ~lort~,?~e~+ ~ ~t~ting 1he a~itoun~ of !he deflcieney, ~i+hich notice m~y be ~ivea by mail. It at ~?ny time the Moct~y~o~ • ~ eh~~l trnder to tl~e Nort~?Ree in accbniNncY? with the pro~ is~ons ot the not,e securncl hereb~, tull p~yment, t o~ the entin? indebtednees ~~epreeented th~reby, the Mo~t~eo as trustee ahMli,.in oomputing the ~mount o[ such indebteciucss~ ~redit to tlie scc~ount ot the ~io~t~~o~ sny cteJit belance re~naining under the proviwoas i of (s) o( ssid ph 2. 1[ them ah~?11 be ~ detsul~ under ~ny ot the provisiona ot t,hia mort~age resulwn in s public ss e o the premiaee coverecl hereby~ or it the MorlgaRee scquices the proper6y othenvise atte def~ul~~ the ~tort~egee as tcuetee at~sll sppty~ at the time ot tfie commencenient ot such proceedinge or at tha time the praperty ~e otharwiee ecquired~ the amount then rem.ininR Lo credit ot ~tortg~gor undet ot pata~~aph 2 preceding aa s credit on the interest accured wnd unpaid and the bslance to the principsl then ~ t@IllilAlAg LlA~ld OR ~1~ ~1A~. ~ i 4. HA ~~7 ~ v~E{~ ~~p~ R~~ 1'~~ ~ O~~ YE!'~~II~ 0~ ID11II~Q~~ 0~l~ $p~~ pt '~1 ~ ~~~0~ t0[' ~O~l ~O~OII bi/ LOt ~EQ ~ ~!l~O~Ol~ i0~~ ~i11~~ ~ ~ ~Of~jAO IDy ~ ~ ~ •i~~ ~ ~lit ~ pl~ON~t {~rlt ~ O~iI 1~0l~~ ~!!'E~O~ t0 ~10 MO~~~. ON ~ ~ Ha ~~i~k dONID~~ O! N~~ n0 w~A~ ~~lmbf ~ I~O~SvO~II O~ p!'O~~ a ~~t ~0l~ 1'OYO~OL~O w~! iDf~ ~r' !Od ~R ~10 dtlQIIt Of Ot ~~Ol~O~t ZO ~[BEjI f~ ~(~I~D~,f OII YW premi~e~ ~nd thas t~o bs e~reet~e~ on ~aid premi~es„ or ianpeovemeat~ t6e~eon~ fa ~ood repair tbe Murta,~~ee my ao~ioe weh repaie~ ~ ia it~ di~etion it m~y deeas neoeeeary for the_p~o~ee pe+eseervatioa L6e:+eo~, and the full smount i o[ eaoh aad every w~oL pRymeat ~116~ dns ~nd P4Y~ and rhaU bs ~eoured b~r tbs lien of tbis mo~tp~a ' • . - d. He wW pyr all aad ~in,~ular t6s oat~, elh~~ad ea~P~0. ~6 ~+b1e 1*wYer'~ iees, ~ad oosa oE abatr~ats ot tltie~ inaurad or paid ~t +~ay liwe~y~~ o~t~ee beoanse of tbe failure on the part of tbe Mo~~~ P~'~P~Y and i to pea[orm tbe a~+eempfi~id ooveaants ot sdd pro~nies~ry note and Wis mort~a~e d add ~ ~v. dull bs itio~te~r dns and p,yable and ~haU bs seoured by the lien of tLis mort~s. 7. He will ooatinnou~ msint~in L~atd ininu~os, of such t~~rps or types and ~mounts as Mortg~ges m~~ frum time to time requi~+s~ on tLs improremeats mw or her~e~ttsr oa esid p»mi~es and e~oepti w?hen p~yment for atl such premiums ha~ t6aretofors been lonade nnder (a oi pangraFL ~ hereof ~e rvill pa~ promp~,~y ~+~en due any premiums the~+eior. AII msuraaoe a~all bs ~ ia companties aPProve~ b~ M ~ad tbe poli- cies aad renewaL tbereof s6all bs beld b~ Mortgag~ee and h~re att~cLed thereto loa~ p~yable suses ia favor oi • and in form aooept~abls to the MaHgagee. In even?t oi loes he will give immed'ute notioe by mail to Mortgagee~ und 1Ka~my maice prooi oi loss if not ~e panmptly by Mostgagar, and each uuw~noe oompRny ooncerned ~s b~utbori:ed and direat~ed to make pa~meat for sucL loes directl,y to Moritgagee b tead oi tu Mortgag~or snd ~ortg~ge~ joia~, and tLe insurancs P~, +~R~ P~ ~f ma7 be apYplied y I?iorw ~~gee st its optioa edher tio t6e uetion of the indebLedaess Lei+eby seeuted or tio t,~e rest~or~ataon oc rs ~Le property damsged. In event oi foreclosure oi t~is mortgage or other traneter oi titie to tLe mortg gsg d property ia estingu~shment of t6e indebtedness aecured hereby~ a~l rigLL, tiLle, md interes~ oi t~he Mortgag~or in and to any insuranoe policies then ia ioros ahalt p~ss tio the pnrcLaee~r or grant~ee. 8. He will not ezecute or Sle oi record sny instrument ~vhich impoaee s reatciction upon the sale or occu- pancy of the property deecribed herein on the basis of naoe, eolor, or creed. 9. If the premises~ or any part thereaf~ be condemned under the power of eminent domain~ or acquired for s ublic use, the damegea awerded, the roceeda tor the taldng of, or the consideration for such acquiai- tion, o the extent of the full amount of the remaining unpaid indebtednees secured by ~his mort~g e, are hereb~ assigned to the Mortgagee, and his heirs or ass~gna, sqd ahall be paid forthwith to said Ma r-t~ agee or his ass~gn~ee to be applied on account of the last maturing iostallmenta of such indebtness; provided,~ow- e~•er, the Mortgugee ar his assignee, may st his diacretion pay direct to tLe Mortgagor, Lia heira or assigna any par~ or all of such award; provided, that if the loan ia guaranteed or ineured, t6e consent of the guaran- wr or insurer is obtained in ad~ance.of saidpa yment. 10. The Mortgagee may~ at aap Lime Pen 'ding a auit upon this mortgsge, wpply to the oourt hsvinR jurieciic- tion ther~of for the sppoiatment oi a rec~ver, snd sucL oour6 aball forthwith a~point ~ receiver of the premises covered he.reby all and singulq, includin~ all md singulu t6e income~ profite, i,asues, and revenues from ~rhat- ever aouroe denved, esoh and every of vr~uch it beu'~g ezpreasly nndeistood, is hereby martgagecl as if apecifically set forth and described in the grsnting an~ h~benndwn clauses Deteof. 3uch sppointment shsll be made by auch oourt ~s an admitted eqwty and • m~tter of ~beolute right to asid Mortgagee~ and without reterencs to tLe sdeqway or inudequacy of the value of the propertp mortgaged or to the solvency or insalrency of said Mo r or the defendants. Such rents~ penfits, inoome, issues, aad rev~?ues ahalr be spplied by $uch r~eceiver rece acro ' to the lien of this mortgage md the practice of such oourt. In the event of any defsult on the put oi tLe Mortgagor hereunder, We Aiortgagor s~rees to psy ta ttie Mor on demu?d as a reaeonable monthly rental for tLe premisee an amount at least equivalent to one-twelfth of thea~ega te of the twelve monthlv installmenta psysble in the theu cuncnt year plus the actual amount of the anuual ta.~es, sseeesmenta, wster ntes, and iasuraace premiums for such year ao6 u~vered by the doresaid montWy paymenta. 11. In the event of any breach of this mortgag~e or defsult on the part of fLe Mortgagor~ or in the event tLat any of said sums oi moneq herein refernd to be not pmmpfly and fully paid aocording to the tenor hereof or in the event that each and every the stipulations~ agceemeats, conditiuns, and covenante of said note snd this mortgage, are not duly, pmmptly, i?nd fully performed or if the Mortgagor be udjudicated bankrupt or made defendant in s b~?nkruptcy or receivershi~ proceedinga; then ia either or eny such event, the ssid aggre- gste sum mentioned in said note thent~munu~g unpad~ wnth interest accrued to that tame, and all moneq t'm eecured hereby shsll become dne aad psyable fortLwith, or thereatter, st the option of said 1liortgsgee, as full~ ~ad~p~etely. as if aU t~~r'id.~ums ot money were originally atipul~ted to be p~id on such day~ an~- thing in ssid note or m thia mort~ago to the oontrar~? notwithstauding; and thereupon or theresfter. at the option oi said rsortgagee , without nohce or demand~ swt at ls~v or in equ:ty, mav be prosecuted as if all moneva secured hereby hud matared prior to ita inatitution. T6e Mort~agee may forecloee tLis mortgug~e~ as to the amount so declared due and psyable, ~nd tLe said pnmise~s sh~ll-be sold to satisfy and p~y the sarae togrther rvith cvsta ezpenses~ and ~llowauces. In csee of partial foreclosure of thia mort , the mortgeged pr~em~ses N ahall be so~d subject to the continuing lien of thia mortga~e for the amount of the de t not tbea due snd ~wpaid. ~ In euch caee t~e provi$ions of tLis puagraph may agun be avs~ed of thereaiter irom time to time by the Mortgagee. 12. No ~raiver of any ooveaant hereia or of tLe oblig~tioa secured hereby ahslt at any time thereaiter be ~ held to be a~vaiver oi the terms bereof or of tbe note secured hereby. 13. The liea of this instrument shall remain in full force and effect during u?y poatponement or extenaion ~ tbe time oi payment of the u?debtedness or aay part thereof secured henby. 14. This mort~e ~s given to secure tLe purch~se moaey, or a part thereof, of the lands herein described !~1 ~ a~ is executed aad delivered oontemporaaeouely ~vi~h the deed therefor. ac~ 1 S. If tbe Mortgag~c??r defadt in aay of tLe oovenanta ar sgreements oontaiaed henin, or in said aol~e, LLen p~ the Mottga~ee may pertorna the w~aue~ and aU ea~penditures ~including reasoa~ble ~ttorney's fees) made by t6e Mortgsgee in so dou'~ sluU dr~w intereat at the rate provi ed for in- the priacipal indebtedness~ und ahall lx npayaWa tbirty (30) days dt~r demand~ aud~ together w+ith interest aad cvsta accrued tliereon~ shall be secured by this mortgage. r . 16. Upoa tLe request of tbe Motg~ the Mortgagr?r shaU e:ecute aad deliver a wpplemental note or ncte~ tor tbe som or sums advanoed by- t~Fie Mortg~gee tor the altuation, moderni~ation, impmvement. ansin- tenanos, or repair oi said prennises, for taxea or a~asrnents ag~inst tiLe same and for aa~ otber purpose autLor- ised her~eunder. 3aid note or notea ahsll be aecured her+ebp oa a parity ~rith aad ar fully a~ ;i ihe adv~nce erideaced thrreby wer+e ineluded ia tbe note fust descsibed i?bo~e. Ssid supplemencal note or notes ohall beu . _ . 'y a