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Home My WebLink About2442 _ i and shall par ~11 a}~e~ wm~ pmrided to be paid by tAis Nortra~e. ~nd ~h~ll pecioan, comply with and a~ide b~ c~ch •ad ' e.er7r ehe stipuluioeu, asreeweats, oa?ditioru ~nd eovenanu of ~aid promiaon note and ot tsia deed. tAea th~ deed and the estate Aerebp ue~ted shaU cerse ~nd be oull aad vad. !?'VD THE MOR7'GAGOR doa ~erab~ turther eoreAaat aad ~n~c as lolbMn: ~ 1. To pq aU and ain~ul~r tbe psiacipal aad interest and aher wm~ oI moael pa~able b~ ~irtue of Mid pm~uwr~ aote and thu mort~a~a or eitber. Promptlr oa the daYs rapecci~ tbc ~ame ~ererall~ coiae due. 2. To paY all and sinsulu ta:a, arerments, leries. l'ubilitia. obliptiona ~nd encumbr~aces oi e~ astnre oa said deacribed pmpettr. ach aad rrer~. r+it6in tl~e timc specified ia ParasrapA 6 below. ~nd it the Mse ~Aall aot be p~anpcl~ paiA. thc Mortp~ee mq. at an~ time either betore w after delu+queac~, p~T the same without waivin~ or ~Ifectin= tlx o~tion to torc- clox, or anT risAt 6ereuader ~od eve~ p~pment ~o made ~ha11 beu inteteat from the due theteof u tbe rate o! 10 peroeot per anaum. 3. To keep the baildinp aorr ot here~iter on wid laed aed tbe fi:tures and persoad prop~tr therein ooataiaed inwred. in a caepan~ or compaaier appro~ed b7r tbe monga~ee. Kainst loM h~ firo md .rind~aorm, to~ the bishat inwrable ralue w ~ that ~he mort~ca;eei interdt is not sabject to eo-insurance, and the policY or policie~ ~Aall bs 6eld by and be pa~abk to ~aid ~ mortsatee, and tl~e ooetsa~ee ~b~ll Aare the option to m~e~ve aad appl~ said papora~t on ~oeouat ot tbe indebtedaaa hereb~ ; secured, or permit the mort~a~ w receire os use it, or any pa~t t2~ereot, !or ~n~ purpwes ~ritboat thaeb~ r?aiviu~ or im- - ~ pairins the cquitp, liea or ri~ht anda ~ad b~ virtuc of this mortpse and maY place and p~~ tor wch inaru~ce or an~ part ~ thereot writhont ~+aivin6 or affectin6 t6e optioa to foreclwe or anv risht hereundcr, and each wch pa~naent shall bur iaterest irom date at the rate of 10 percent per waum. 4. To permit. oommit, or wifer ao wute, impairment, abandonment, or dderiontioa ot stid ptopert~. or aa) part therc- ~ ot, and upon the failure of t6e Mortga`or to keep the bnildinas and pecsonal pmperty on said prope~t~ in ~ood coodition or m psir, the Mortaaaee ma~ demaad tbe immediate cepair o! said propert7?, or aa increase ia t6e ~n+onot of ~eearit~. or tbe im- med"ute repayment oi t~ debt hereb~ ~ecuied, and the f~ilure of the Mort~a6or to canpl7 ~rith Mid de~a~nd d the Mort~ee for a period of 15 days, ~dl coa~titute a breach of this Mort~e, aed at the option oi the Ado~t~asee, im~ediatel~ mature the entire amount of principal and intetest berebT sec~snd. and the Mortp6ee, immedinelr aad witbout sotiee, mal itaRitute prorredings to foreclose t6ie Mort~aae and apply for the appointment o( a Reociver, u 6ereinafter prorided. 5. To perfocm. oompl~ ~?it6 and abide br e~c6 and eveq tbe stipuLtiona, aareemenh, oondition~, ~nd oo~rcnaats in sa~d € promisFOr~ note and deed set fotth. ; 6. To deliva to the Mort6aaee, on or befcre Februarf 1 of uch year, taz receipts erideacin~ the pa~ment of dl lawtullY ; impoced q:cs upon the mortaaaed Propert7 for the precedina cale~du ~car: to deli~-er to the Mort;a~ee reoeipb e+ider~cina tl~e paYments oi all licas for pnblic improrema?b ~cithin Nineqr (90) days dtar tbe same ahall become dae ~nd pqabk. and to par or dixhu6e within Ninet~ (901 days dta dne date, anT and all ~[orernmeaW krirs th~t maT be made oa tbe mon`ased ProP~*~'. oa this Mortaase a~ note or in aa~ otber ~raj raultioa from the mortpae indebtednas recared b~ t6b Mortpae. i i. To pa~ all ~ad siasuLr the co~tta. cLarsea. ~nd ezpeares, includini larner a fea. re~sonabl~ inarn~d or paid at aar ~ time bp thc Mort;aaee, becw~e of tbe failnre of tbe Mortp~or w per[orm. complT with aad ~hide b~ e~cL aad e~err the stipu- ! lations, aareements, ooaditions and ewenaats oi a~id p~ami~wr~ ade and t6is deed, or citber, wd ere~ ~h palmwt ~hall bear intereat f~om dste at tbe ~te of 10 peroent per snnnm. 8. 7'hat ii ao~ action. ar p~ooee~. ~6all be oommeaoed b~ an~ pasoa otber tLan tbe 6older oi tdis oortsaee (ucept an action to forecloae this mortaaae. or to rnllect tbe debt secured therrbp) to ahich action, or proceedin~. tbe holder of this mortgaae u made a party, or in w6ich it ihall become necesarr to deimd. or uphdd. tLe liea of thi~ mat~e. all wms paid by the holder of this mortga6e for the ezpen.te of an~ liti6atioa to prnse~cute. or defa?d, tLe riihb aad liau created b~ ' this mortgage (includins rnwnable coumd faes), s6a11 be paid b~ tLe Mortpgor, tosether with iata~dt t6aeoa. at t6e rue of ~ l0 pcrcent per annum, and aay auch aum, and the intem~st thereon. s2~a11 be a claim npon xid pr~isa. aad a6aD be deemed to ; t~e securrd bT thia mortgage. T6e sums paid by or incurrcd by tbe bolder hereo! in accordance with tbt terms of thia paragraph. f shalt be paid bp the Mortg~gr?r unto the holdcr hereof Michin thirc~ (301 days, and the i~ilure or omia~on ot tbe Mortpgot so to do shall entide t6e Matgagee to add such sums to tbe priocipal indrbtedness of this mort~a~e and tbe note it ~eatres. and/or at ita R option declare this mortgaae and the note it xxures to be in defaal~ thereupon matnring all of t6e aapaid 3od~btedna~s inctudina ~ th~ sums ad~•anced hereunder. 9. That no e:teasion ot the time or modification o[ the terau ot pasment hereinabo~e, aad no release of an~ put or parts ~ of the mortgaged premises, eren t6ough made without the coasent of che biorca.$or shall relwe. rdie~e. or discbazge the ; ~tort~agor from the paymmt of ans of the wms hereby~ secured bat in suc6 event t6e Mortaa6or ~hall ne+erthele~s be liable ro ; pa~- ~uch sums according to the terms oi such eztension or modifiutans unleas specificallT released and dvehar6ed in ~rriting b~ the ?lortgagee; and funhermore, that acceptance of part pa~ment of u?T installment of prineipal or inttiest. or both, or of ~ pa:-t p~.-{ormance o( an~ co~enant or delay for an~ puiod of timc in e=crcising the option to matare the entire debt, ehall not ~ opent~ as a~•~i~er of the right to-e:ecute such option or act on auc6 default, partial acceptanct oc an~ snb~eqnent def~ult. l0. ~Lintil delault in the performaace oi the covenanu ~ad a6reemmb of t6is Mortsa~G the Mortsa~or ~hall be mtided ` to coll~ct the rcnts, issues, and profits from t6e prcmises hereinbefore described. but in cate of a defanlt in an~ oi the terms oi ~ this 1[ortgage, or the filing of s bill to foreclose this or anp other mort~aie encumberinL tbe withia described propertr, the '~tort~agee shall immediately and without notice be entided, as a matter of risht. and aithout re=ard to the ~alue of the prunises, ~ or sol~eac~ or imolvenq of the partiea, to t6e appointment of a Recrirer of the mortpsed propat~. bot6 rea) aad penonal. and ~ of the rents, isaues and pmfits t6ereof. ~rith the usual powu of Receirers in ~cb cases. and wcL Recei~er map be continued ~ in possession ot t6e said pmpert~ until tli~c~'lime of tne ule thereof, under wch fortclosurr, and nnL1 tLe oonfitmation o( snch ~al~ i~~ the Court. ~ 11. Ii foreclaaure proceedinga should tK instituted on anp mo~age inf~rior w this mortsaae or if aa~ for~closure pro- ` ceedinR is instituted on anr lien of ¦nf tind, the mortsagee may at ib option immcdiasel~ or t6etcafter detlare this mortgage r and th~ indebtedness ~ecured 6creb~, due aad payable. If there is an~ mortgage wper'wr to thu morlsa;e. tbea lailurc to par ~ said mortgage Nhen due and in accordance Kith its terma or f~ilure to abide br the terme oi aid moK~a~e ~6~11 be deemed a ~ ~ breach of this mortgage and tLe mottgagee ~t iu option may immcdiatd~ ot thereaiter detlue this moit~e ~od tbe indebtedness ~ hereb. secured due and payable. An~ modi(icatioa ot an~ mortsaae snperiot to thu more6a6e or ~+ai~er ot aa~ priotipal or interest - ps~ments on any note or mortaage superior to this mort6age s6all be deemed a breuh of tbe terms and cwneants of thu mort6a~e ; and the mortsaaee hereoi m~7 at ita option declarc this mortpse and tbe indebtedaar ~ecared haeb7 das and pa~able. ~ 12. That the mailia6 of a xritten aotice of dem~nd, addreaed to tbe owner of reoord oi the mort~a~ed premi~a. directed to the said orrner at the lut addreas actwlly furnished to the Matsa~ee, or d'uected to the wid owser a aid mort~ pre• mises. and mailed br t6e GTaited Sutes mails, shall be wfficient notice and demand in an~ ca~e ui~ins nada thi~ loitrument and - - r~quired by tbe pro~-ision~ 6ereof or b~ larr. l3. 'fhat in the event the 1?ion~.aor ahonld usi~n the renta o! the mortss~ctd prem»e~ or ~n~ part thernof without tLe - con~ent oi the Mortsa~ee, thw tbe mtire principd ~um ~ecund 6erebl ~ha1i, at the option oi tbs Mostp~ee, beoome immediats- ly dut and uanbla . ~ l4. To tl~a esteat of t6e iadebtedaeN o! ths Mort~a~or to ebe Mortsa~es dacribed bereia or ~ec~erd 6u~. tbs Mort~a~ee . i~ henby ~ubmiated to tbe lien or liea and to t6e ri~hb of the ownen and holdas tbereo! of e~cb ~nd etar~ mortsase. liea or 3 other encumbranoe oa t6e Lnd dacrlbed baeia whkh i~ paid ~nd/at utLfied. in whole or in part, ou ol tbs prooseb o! tbe loaa = described bere;n or ~eeared Laebf. and tbe re~pecti.e liea~ ot ~aid aoryases. liem or other escumbnnea, ~6a11 be ~sd the same ; - and e~ch oi them Lenb~ i~ praened and sLall par to aod be beld b~ the Ma~tpsee 6ereia ~~ea~h~ for tb~ lod~btednaa to tbe s t~ortg~gee henin dacribed or lxreby secund. to tl~e ~ame e:tent that it aould bave been prera~ed and roald ba~e 6eeo paMed to - and t,ern held b~ tbe Yort~ee had h beea dnlr and reaularl~ s~ip~ed, tnn~terred, ~et orer ~nd deli~ered unto tLe Mort;~ee b~ ~ ~eparate deed of wip~mrnt notxithstandia~ t6e fact t5at t6e aase mq be wtufied and caneelled of rewrd, it bsiu the intention ot the partia hereto that the ~ame Mill be wtuti~d ~od eanoa1~d ot r~oad b~ the 6oldas the~toi ~t or aboat tl~e time of the ` rcrordm6 0( thi~ rlort~a~e. ~ v-5