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Home My WebLink About0688 ~ That hE~ ~~~~li (~~•tmit. cu~run~t, ~~t suffer na ~•~+ste. tmpt~itmt•nt, ur ~irienuratiun o! sa~d pruE,ett~ ~~r ;~n~ ~,;~rt ti~rrr~~l, s+nd !n !hr c~~t~~:! e4 t~;r i:~s!:src of the tr.urt~;:~~;ur to keFp thc~ hu~id~ng. un tiaid prrmisrs .+n~ thuse tub~• ~~rrctc•d un sa~d pr~•n~i.rs, ur impru~rmi~nts th~~re~~~n, in ~;uud rep:+~r, the mor1~;.+R~•e~ m:i~~ mak~• ~cch repc~irs .~s ~n its ~iiscretton it mt~~• derm nrce~sti.,r~• (c~r thr pruE,c~r prt•ser~•atiun thert~c~f. ,+nd thc• fuli :~muunt <~f f~~~ch and ~•~r~r~ sui h p;~~ir;rnt shull br imm~~dtately~ due ~~nci p<~~•.~ble, und ~hall be secured b~ th~~ lit•n oi thts murtK.~~;i•. f~ "1'h;~t he «ill p~~~~ all and sint;utar the custs, charges, and expen~r~, includinK ~i~a~s~~nable~ I~,w•ti•.•r's t~•es. a~ed c~»t~ ~~f .~bs±r+cts ~if titlr, ~ncurr~~d ur paid at .~n~• time b~•ih~~ murtKagee because of the fa~lun• c~n thc~ p.irt oi th~~ murt~;aKur prumptl}• .+nd iuiE~• t~~ prriorm the :~~;ret~mrnt~ und co~~enants of sa~d prumis~ury nutr ~~ni! thts mort ga~;e•, ~ind tiaid cost~, ch.~r~;«. .+nd E•~prn~r~ tih,~l! bc• immediatel~• due and p:+t•.~ble :ind tih,iil be ~c•cuce~d b~ th~~ lie~n uf thi~ mottt~:~ke. ; T?iat he «•ill kc~a~p the impro~•e•it:c•nts nuw~ existinK or hereafter erected i~n the mortKa~ed propertV. ~nsurEd as nia~• be~ required from hme to timc• b~~ the murt~;ak;t~e against loss by fire and other haza+rds, casu~lt~es, and cont~n- kencies in such .+mounts and !or such periucls as mat• be reqwred b~• mo~tg~gee, and Nill pay promptly, u•hen due, an~~ prEm~ums on such insurance [or papmcnt o{ w•hich pro~~~siun has not been made hereinbefore. Atl insu~anca~ sh:~ll be carried ~n cumpanit~s appru~~ed b~ mottK.,K~c and tt-~~ pulirir~ anu reneH•als theteof shall be held by mort- Ka~;~•e and hc,~•e attached theretu lu~s pa~•able clauses in favor of and in form acce~t<,uir tu ihe moriga~e~. In e~c~nt ul luss he w~li Ki~•e ir~mediatr notice by mail to murigaKee, and mortgaKee ma}• make proof o[ loss i! nut ~r;ade pre~mpti~~ h~• mort~agor, and each insurance cumpanti~ conre~ned is hereby~ authorizecl and d~rt•cte•d to make f,a~•ment for ~uch luss directl~~ to mortKaKee instead of to mortgagor and mortgagee jointly, and the insurance pro- creds, or an~• part thereuf, m:~y be applied b~• mortttakee at its option either to the reduction of the i~debtednes~ he~eb~~ secured nr tc~ the res?era?!on ur repa~r o[ the property damaged. ln e~~ent of foreclosvre of Ihi~ m~~rtK~~~e ~r uther transfer of title to the mortKaged property in extinguishment ot the indebtedness secured hereb~•, all riRht, t~tle, and intecest of the mortKaKor in and tu any insurance pol~cies then ~n force shall pass to the purch~~ser ur ~;rantee. R. That the mortg~+gee may, at anv time pendin~ a suit upon this mortgage, apply to the c-ourt havinK jurisdic- t~z~n thereof for the appointment of ~ receic~er, and such court shal! fotthK~ith appoint a recei~•er o[ the orem~ses s c~~c~~rrd hereb~• all and singular, includink all and ~ingular the income, profits, issues, and re~•enues from whate~~er s ~,~urcc• der~~•ed. each and e~~er~~ of which, rt beinK expressl}~ understood, is hereby mortgaged as if specificall~• set fc~:th and described in the gr~nting and habendum clauses hereof, and such receiver shall have alt the bruad and effecte,e funct~on~ and puw'ers ~n an~•aise entr~sted b~• a court to a rece~~•er, and such appointment shall be made h~ such court a~ an admitted equit~• and a matter oE absolute r~~ht to said mortg~gee, and without reference to the ude:~uac}• .,r ~nadequ.ic)' of ihe calue of the propert~~ mortgaged or to the solvency or insolvency of sa~d mortga~or ~ ur ttie defendents, and that such rents, pro(its, income, issues, and re~~enues shall be applied b~• such recri~~Fr acc~~rdu~~ to the lien of this m~~rt~age and the pra~tice of such court. In the e~~ent of any default on the part of ihe murt~a~c~r herevr,der, the mortKa~or aRrees to nay to the mortKagee on demand as a reasonable monthly rental for - thc prer,:~ses an amount at Ieast equ~~•alent to one-tw•etfth (1 12) of the ae~regate of the tw.ol~e monthl~~ install- r:~~nts pac.+ble in the then current }•eac pius the ~~ctual amount of the annual taxes, assessments, water rates, and ~ ~nsuraice prer;~iums for such ~•ear not co~•ered by the aforesaid monthly payments. ~ That in the e~•ent of an~• bre~+ch o[ this mortgage or default on the part of the mortga~or, or ~n the t•~ent that ~+n~ of said sur:~: of munet~ here~n rFferred to be not promptl~• and full~~ pa?d w•~thuut demand or notue, ur ~n the rcer.: .hai ca.h ;c', e~ery ihe ~~iNulat?ons, agreements, condittons. and co~•enants of said nute and - th~s mortga~;e, are not dulc, prumptl~•. and fulit• ~>erfatmed; then in either ur any~ ~uch eaent, the said aggregate - sum ment~uned ?n s~id note then remain~nK unpa?d. ~vith ~nterest accrued to that time, and all moneys secured =g hereb~ , sh;~ll become due and pa~~able forihv: rih, or thereafter, at the option o[ said mortgagee, as full}• and com- ~.~e:e:: .~s if all of the sa~d sums of mone~• were orig~nall~~ stipulated to be paid on such day, an~•th~n~ ~n sa~d :lult' u~ tn thic mnrtoaan tn tF.o f~^;~~:: ~^::;g'S1}1SI.i(ldl!1P; anri inereupon Of thereafter, at the option Ot Siala fi10[2~fi- r,•' n~ ~e~~, w~~thout n~t~ce ~~r demand. suit at lau~ or ~n equit~•, maS be prosecuted as it al! money~s secured hereb~~ had m~~tured priot to ~ts ~nstitution. The mortgaKee ^:a~• fu:ec!ose thes ;ro:tgage, as to the amount so declared due and ' pa~~~ble. and thc said premises shall be sold to satisfy and pa~• the same togethe: wiih costs, expenses,~nd at;cw•- - ances. In case of partial foreclosure of this mort~aKe, the mortgaged premises shali be sold subJect to the con- tinuin~ lien of th~s mortKege for the amount of the debt not then due and unpaid. In such case the prov~stons of % th~s paraKraph mat~ a~ain be a~~a~led c~f thereafter from time to t~me by the mortgagee. lil. That the mort~agot w•ill gice ~mmediate notice b~• m~?! to the mortgagee of ~+n~• cun~•e}arce, transfe•r, or ct~anKe uf ou•nersh~F ~f the premises. ~ I1. That no aal~er of an~ co~enant here~n or of the obligation secured hereb~~ shatl at .~n~• time. thereaftc•r br - hc•id tu be a~cai~•er of the terms hereof or of the note secured hereb~•. 1? l'hat if the mortKa~or default in an~~ of the co~•enants or agree~e^fs contained here~n, or in satd nute. then the c:ortKa~ee ma~• perfurm the same, and atl e~penditu~e~ (incladinR reasonable attc:ne~•'s fcesl ~;ade b} i~r y~ ~~.~~rt~,~Kc: du?nq tih~~i! draw~ interest at the r:~te ~et forth in !he note secured hereby~, ~nd shall hc rep~ti•ub;e ic:med~atc~tc <+ncl :~ithout dc•rn.~nd bt• th~ mc~rtKaKor tu the mortgagee, and, togethe: w•ith ~nterest and costs accru~nK tFf`(f~un. ~hall be secvreci b~~ th~~ r-~ott~<,Ke. 13. th~~t t~e r.~uil?n~ nt u•rttten n~tice or demandaddre~sed to the ou•ne~ af tecord of the mortKaRed prem~ses, ~ ~~r ~irrct.~d to the S~~d ow•ner :he :at: adc'.sess actuall~ furn~shed to the mortgagre, or :~irected to saidox~ner at s.+~ci r.~~~rtK~~ed p[etr~ses. and mailed bt the United StatlS m~,ils, shall be suifs_== t!•~?:__ :c-....,, - " ~:,.e ..r~.~nK under thts instruTen! ~nd mqwred b~ the pru~~~~ians hereof or b~• law•. ;-3 "I~he murtKaKor further co~•enants thet shuuld thts mort a e and the note serured hereb~• not be eliKible - f~_>r ~n~ur,~nce undc~r the ~iational Nu~~snK Act uithin ~~~~'~S fr.~m the ddte heteof Iw•ritten st~~terr:ent ~_~f ,~n~ uliicrr o( the [)epartment ot Hc,us; ;F ~nd Urb.an De~•e{upment or euthor~zed aKt•nt of the Secretart ot 1{ou~- _ ~r~k .,nd l;;b.in Ur~elupnir~n! d~+trd ~ubticquent tu the ~f~YS t:mr fn~m the date uf thi5 mortKaKe. da~c~l~n~nK !u ~nture S.i~d nute and th~s mortga~,r, be~nR deem ~d conclusn~e proUf of such inel~gib~l~t~•), the m~xtR~- ~ee ~~r thc• holder of the note ,^.~ac, at its option, declare ali ~Ums secured hereh~~ ~mmed~atel~• due and pak~ble. ~ l hr cu~c•nant~ herc~in conta~n:•d ~hall bind, and the benefits and ad~~antages shal( inure to, the respectice heirs, t~xerut~~rs. <+dmm~titr.+t~~r`. succec~c,rs. and a~s~~ns of the patties hereto. 1t'heae~•er used, the sin~ular num- _ he~r .h.~11 inc lude the ptura;. the plural the~ ~inKul:ar, ~+nd the use of ant• grnder sh.,ll include alt genders- n'~`~ 1~6 f~n~E ti~~