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Home My WebLink About2851 ~ th~~ ~I~~fi~•iru~;v. tiurt~pa ,~'111NU1 NIINII (M Iqllltl~ 1?~{rt~in thi~tx~(.YU ~{~'M N~IOP 1Y~I~lWi IIOIt~•r /t+wa U~e? 1lu~1KaK~v~ ~t~ti~~ the w~~~aui~! o/ ti~e ~lriiriru~•y, wl,ihh holire u?~y be"~ven hy mNil. U ~I M~~v ~in~e thr ~t~xt~?~~ i1I1p~I 1r111IM 1Q thr \iur1~;~~r 111 NlY'lll'1IM11M N IIII tl~e pro~ wons u~ tl~e nute ~x•unai I~Nn•by~ ~ull pnymrnl O~ lI1P PI1llM IIIlIP~1l!'iI111~ M~1P1r11~i1llYi Illl`~NIIY, tl~e ~io~t~y~~ w~ trusler d~att, in ~~u~upuWng the ~~noun~ af xu~~ h iudP h tr~ ~u~ws, era iit ta t hP N~~c~aunt o f t lie \ loct~~o~ Nqv credit balxnre~ ee?u~xiniug undrr the proviiio~u af (a> at e~id ~ pl~ 3. It tl?rrn si~xll be ~ deiNUl~ unJre ~ny ot the provisions ot uiis uiort~e rrsulLin es iu •?ut?lic ~u? e o tl?e prrmi~ra covenrl lieteby, o~ i1 the? Ato~t~~+ Nrquit~ the property otherwise ~it c ~trt~u~t, th~ ~1ort~x~r ~ tn~strr sl?NII Mpp1y, at tt~~ time of l ~fe-rommrncr~ueat of euch pro~~eedinKa or at tfie time the propNrty is. oth~rw•ie~ srquirnd, Ihe xa~ount t-hon rrmwininK b cre~li~ ot ~tort{ty~or under ot p+~r~n~ph 2 precr~lu~g a,s N rteulit~ on the intrrest_ arcuroci Mnd unp~id Mm1 ~he b~l~u~~+ lo the principMl then rna~umng unµ~d oa sru~l nots, . H~ wW pp all t~a~. we~eal~. wrMt n?0~ ~d o~6er~ov~eeameoW ce muoioip~l oh~r~„ doe~. at ~ aod tbai ~ wl11~~ d~eti~ aad in delau!= ehsieot i6s Motf~,~es my? P~U? tL~ P~A~ reo~iAf~ t6ee~elo~ b t6s b[otep~e~. a xe wu~ oommrR a auQer ao,~.~., imp.r~.~.~ or a.~uon ot..ra p~o~arc~? oeaq~r ~eot eze~pt re~on~bl~ wat aod tas• ~ad in t6s eree?! ot t6s urs ot t6s Moe~o~ to keep tl~s build~i on ~ pe~ami~e~ aed tho~e to be ee~eel~e~ oa ~aid pt~ani~e~, oe impe~oveonenb t6aeoa~ ia-~ood repat~ the Mortsases m,p ot e~oh and~~,r ia ib di~orstion it m~y deean neoewry foe t~s~c+op~ pe~e~ervation tlieeeo~ ~ad tQs tull aa~ouat ~ liea ot t6 o~ b. aus aad pyrabis thleq? t~p) d~n ~t~ee elemand, an~ ~6.u 6e ~eourea by d. He wiU pyr ~11 aad ~in~u4r ~ oow, aod exPe~, ~ni re~oo~bls 1+?R7'ee'~ fees, and ood~ o[ ~bstr~ob ot Utls~ ioourred or p~id ~t aq~r tiaos b~~orti,~es beawe oi the idlure on thep~ o~ ths Mort~~ P~P~Y aad i ~ar psefoeo ~s a~reeooea~ oove~ats ot Mid p~rozniero~? note ~od t~bis aaort~~,~e ~ Mid eosb~. e6u*~a. ~e~pe~e~ ~11 be imm~iat~~s and qyabls and ~a11 bs ~eaured by t~he liea ot thi~ ionott~a 7. Hs will oontinuow~ mainta~ ~ard lo~u~anos, ot wob t~pe ot pe~ ~nd amounb ~s Mottga~es nW ~rom time to time ~ lar all ~uch O°` ~'d° U°~°~Maao4 now or 4sreattee on ai pre~mues ~ad e~coep~ whea pyrment dueaq~ p~:°D°lum~ br therst~oton beep mtde und~ee ~(s,~ of paragn.ph Z hereo! be will promp~y w~be~t cies aad n~z?aw~M th~ae~e~ ot~raLsll b~s b~aldn ~s6al1 b~ ~~~~t6 e~to l~w~b~ ~ab aod tb~ poli. oar~ee pay le suae~ in i~voe oi • and in form aoosptable to We M In ersn~ ai IoM ~ will ~i~e imnnedi,~ts aotios by mail to Mortgsges, and M ma, m~ice penoiQn~ iI oat made P~PW bl Mortg~Ol. aad each insurwos o~mpaq~ ~~ourned~~~b~~ut~Loriaed and direot~ed :o malos pymant for ~uch bas diroc t~o Mo instead ai °rtq.~°r ort~ag~ss ~oint~j , and tba ia~unnos P~, w' iW P~ ~my bs ap ' by I~torf~ ~~es~at~~optioa either i~~uc~io~~~ra of Lhi~~mo~ ~bo f~e eastoratwn or rs the rtg~ p~opert, in ez~u~sLmeat oi tLe indebtedneN ~ecured hereb~; ~ll tight~ title, u?d mte e~ oi Wa Mortgy~or ~n aad b aqj iasuraacs palicias tLsn in toros ahaU p~a~ to f~he porclurer or grwt~ee. 8. He will not ~secute or file ot record ~ay instntmeni wbich imposes • reatrict,ioa upoa the sale or occu- p~acy of the propecty deecribed herein on 6he ~sis o[ raoe. ooloc, or creed. 9. Ii the premises, or Anv part thereof, be condemned under the power of etninent domaia~ or acquired [or a publ'ec usP, the dam~ges awanlPd, t~he proceeda tor t6e talring of, or the conaiden?tion for suoh ~?equisi- tion, to th~ axtent ot ihe futl amouat~ oi tl~e remwiaing unpaid indebtedness seettred by~hia mortg~ge hereb~ asaigoed to thP 1liortgagee, and his Qcirs or a~gns, and .sb~?ll be paid forth~vith to snid Mo - sgee vi or his ~eug nee to be applied on acc.ount at the lxst rQSturing inetallmcnta oi auch indebtneas; pravided~ ow- e? r e r, t h e 1 1 iu rt~ e e ar his assignee, ma~ a t his discretion psy direct to t he Mortgagor, hia heire or aasigna an~ p~et or all of euch ~?wsrd; provided~ th~~ if the loan ie guarunt,eed or inaured~ the consent of the guarsn- wr or wsurer is obtained in ad~~ of saidp~ ymenL. 10. The ~tortgagre m~y. ~t i?np time pending a suit upou this mortgsg~ apply.to the court h~vinR jurisdic- tion tbereof for tbe ap tment ot a reoeiver, aad such oouct sb~lt torth~vitb a~pou?L ~ receiver ot the promisea v oo~ered Lereby ~ll aingular, includic~ all ~nd aingulu t,he inc~ono~e~ profits~ ~aeuee, a~nd re~eaues fmm .rhst- ever source der~~ed ;e~c.6 and avery oi ~rluch it beu'~ eucper~atp understood~.is hereby timrtgsged as if apecificatlv set forth and de~cr?bed in the grsatiag an~ h~b~nndum dauses hereoi. 3uch ~ppoinimenL ahall be made bv such oourt as an admitted equity and a m~tt~er of ~bsoluta tight to s~id 1liortgag~ee, ~nd without reference to the a3equacy or inad~quacy of the value ot theproperty mortg~ged or to the aolvency.or insal~ency ot said 1liortga r or the defend~ate. Such renta~ profite, incame~ issues, and revenues shsll be spplied by such receiver aecordiAg to tha lien of this mortgag~e and the practace ot such oourt,. ~In the event ot any def~ult on the put oi the ~tortg~gor henuadet, tLe \iortgagor a~rees to pay to tha vior on dem~nd ~a a teasoneble monthlv rental !at t~he premiees an unoun~ ai least eqmvalent to one-tae,lith of theaggregste o[ the twelve moathlv inataltmenta poy ~?ble m the then current yeu plus the actual amoun~ oi the uinual tates, a~smenta, ~rater rat~es, and insuranoe pr~miums for such year no~ oovered by the ~toreoai~d montWy paymenta. 1 l. In tLe evenL of mp breach of this mortgsge or default oa Lhe patt oi tbe Mortgag~r, or in the even~ that ~ny oi aaid sums oi monay berein rsferrod b be not prnmptly aad fully gaid acoording to the tenor hereof or in the eveat th~t each md every tbe stip ulations, agr~emeats oonditeuns, ~ld COV'BilaAtB Of sild AO~C EA~ this mortgagc~. are not duly. Pron?Ptly, aad iully per[ormed or i~ the 1liortgagor be adjudicated bankrupt or m~de deiendant in a b~nkruptcy or reoeiverehiR px~ooeeding~s; then in•either or any such event, the said aggce- gate sum mentioAed in s~id note t~6en rem ' unpaid, ~nth int.erest accrued to tL~t time, and ~11 monep secured hereby~ slull become due and papab~ortLwith~ or thereatter~ at the option of said I11ortga~ee, aa fully aad ~omplet,ely +s it all tbe a~ suws of monay were originaUy atipulat~ed to be.paid oa such d~y, an~- thing in aud note or it? this aarf~age b the oontrarY notwitLstanding; and thereupon or theresfter, st the option of said ~iortga~ee. withput notioe or demand. swt ai~ law ar in equity. mav be pr~osecutrd ~s if all mone~~s secund hereby~ad matured prior to itr inati~ution. 1'he I?iortgagee may for~cloae this mortgagr. as to t6e amounc so dc~clared due aad payuble~ aad the said premises shall~e sold to satisfy and p~y the same tag~ether witb oosta eupensea, and alloMraaoea. Ia caee of parti~l foreclosure of this mortg~r~ the mortg~ged prcmises ahatl be so~d subject to the oontinuiag lien of tbis mortga~e for the amount of tbe debt not then due and ~mpaid. In such case tbe gmrisian~ oi th» puagr~ph may agun be avat~ed of thereatter irom time to time by the Mortgagee. 12. No ~r~iver of an~ eoveaan~ htrein or of the obligation secu~rad hereby ahsil at any ticae thereafter be held to be a wrai~er oi the t~erms henot ot of tbe note secured hereby. 13. The liea of th~ iastrument shall ramaun in lull force and effect during nny postponement or estensioa (Q ot tLs time of p~yment d the indebtednees or any part thereof secured hereby. b1 14. T6is mortg~ge, is ~ven to ~ecure tLe purchase nnoney, or • part thereoi, of the lands herein deacribed ~ and is esecuted and delivex+ed oont,emporaneously with the deed therefor. C~ IS. If tbe ~?iurtgag~or default in sny oi the ooveaants or agceements oantained herein, or in aaid note, theu ~ ~~oi~8~ ~7. P~~ ~ ~11 eipenditur~ (m'cluding reaaoaabk attorney's lees) miude by the 4 ~iart~g~ee m so~~ ahall draw interest at t6e rate provided tor ut the principal iadebtedness, sad sliall be np~y~ble thirty (30) aaps dter demand, and, togethex witL intexest and ooats accrued thec~eon, ahsll be secured ~ b~ t6is mortgage. ~ 16. Upon the request of the Mortgag~ee tbe Mortgag~ur shaU eu~ecute and ddiver a supplement~l note or noies tar tbe sum or wa~ ad~anced bj tbe Mortg~g~ee toc the s1Ler~tion, modernisation, improvement, msin• o.o teoa~roe, c~r rep~ir oi wid pe+eani~es, ior t~es or a~easments against the aame aad for aaT ot~r purpose sutl?or- i:ed berenndu. Said aote or notcs sLatl be ~ecw~ed hereby on a puity writh aud a~ tully as 3i the advance e~idenoed tbsr~eb~ wa~+e iacauded in tbs ~ots Sist de~cribed ~bar~e. S~id aupplemental note or note~ ahall beu :~~rs ~ri . _ _ ~ . °~~-~~''~2 - ' ti ~ ~.r Y ' _ .s~^~ ~_l ~ „ g '