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Home My WebLink About0286 i , ~ ot uk Kor~a~.. e.ooda. imta.at.ka aue .aa p~rap{~ ..,u~out noetoe. .oa pr.oeea~na aw? e. ~osacuaa b~? w. Koet. ~a~ tor tL~ erootie~ Weerol ~r toeMClawe~ ot tlds ~[ortsa~. at le? aa~? otb~s ~a~r peanfttad b~ 4w ~s t!M l[ort- i~t~m~ W Wn~ !a tl~ not~ ae In tNs 1[oetpn ooatatn~d to tM _ ooatr~ry t6~to uotwltl~taadto~. Upon iaew doare o[ thts 1[oetsa~e. tU~ Yoets~ aNall ~ a1law~d ~t a part a[ tAe Wdepteda~a ~ecutrd 1r~t'~Dl?. ~wd tbt I~[at- ~+~sn+~ ~ wJG au ooqs aae es~ew~s ln~urs~ad ln oonnectbn tl~ewit0. tadudtn~ ew~onaW~ attoen~'~ ha. oost ot nue wa c.~ xa~ ana u~ ~ co aac. a an ab.cr.cc o: aU. o~ uw pouar: and fa oa~ waeh t~dawre proosed. [ng,s are ~etUed betore the conatuuaatbn thereat ot tire eatr~r ot ~ud~eneak anY wd~ cast~ aud eacpea~s ~ad otl~er cbas~es ~o lncurred. fadudtnr a raroaabN ~ttornq'a be. shW iwwrtUeNu be pate. TLe ~totts~ee or w7r parqr in W tarest. befe~ the httlxst btd8er. mt~? be s p~ue+cAaser at. ~n~r toreclosure sate. Any ele~ttaa b~ t!w ~[orttqee ~s Me~ln pro- vlded tor ~ be exercLed 1ma~edlate~? upan deLult. ae at anr Ume theraitter, ~ad rwthln~ shalt b~ ooos~ued to be a w~iver oi sucR rltht unlen evldenaed by ~a lndruraent in wdtta~ to tl?at esect duly exccuted by tt~e 1[ort~~ce. The Mortsa~or waives all rl~ht a~ 6omeste~d aad aeampttan ~taated bp the Conditutloee at~d Lwa ot !'lorfd~. • AND THE MORZ~GAGOR FURT~IER ~ONVENIlPI'18 /1ND AGREES: . l. ~o psy the priadpal indebicdaea wlth iater~t as ia t2se noie pra~rlded. To pay monW~? unto the liort~a~ee, ~.aaiuoa co .na ac tee t~e .na r~ue ro~ ~n ~nt or r~+wi ~a mc~~c. .A ~t a~ a w~ rouo..- ~ Ua~: (v lyaxes and as~nents„ ~esal or ~1. and all other chae~es levied or to be lrvkd a~afilst tt~e prembes. ce~ r~ums to e~e aue aaa p.~awe ror. and to reaew. the insursnce on tRe premises a~atad lws Dy Me aud wch otA~ harar~ ea~wlties and co~Un~s~cla as herela Provided fo= or.requtred lram time to Ume. The amouni ot tlie rapectlve mauth~jr instaUments shall be e9ual to the amount oi the annual respeMive charqe next due (as estimated by tl~e Matt~atee). la~ aU installments already pdd therefor. divWed by the number o[ awntNIy in- ~ ~b tL~erefor beooinio~ due not Lter tAat~ aoe moath prlor to the due date os an~y su~h char~e aad sball be sub- feM to inarease or decrease to tl~e a~teat requtred to create as oi a mantl~,jr payment d~te oa tbe note not hp than one month ps[or to tbe due date o! W such charge, an~no wt suQid~t tor tLe p~rment thereoi whea ~te a~~d p~syable. In ao e~veat sAaU tbe Mortaagee receiving wdi payrdaat be llable Lor anp interest o~ aqy amount peld to K as hereln re9uired. and tbe moaey so recetved me~q be held with ib own funds peadin~ paynneat or appltcatia~ thereof as benin provided. Tde Mortgagar shall furn}sh unto the Mortgagee at le~st nlteen dq?s before the due date an official stateanent oi tLe amount oi any taxes or a~nents next due. and such btorfs~ee sball psy the above char~es to tt~e ~mouat a[ t1u tIIea unu~sed ¢redit therrtor as and v?hen thep beoome se~ruaU~ dw aod payable. The MartB+~gee ma~?. at !b optloa, P~IY ~Y oi wch cl~arges wtxn p~yable, elther betore or dter tLe~ are deifnquent, wiUwut nottae. or make advaacet therKor in excee at thc then amo~unt oi credit ior saW char~ea. TA~e exoas amount ~dvaaceQ sbW be Innmediate~jr due and psyable to the Mortgegee and shaU be secunM at an additional ptincip~l aum under tNs instrument and bear tAe satne rate o! interest from date of advancement as the pr[ndpal indebtedneit. An oQicial reodpt tLeretor a4aU be ooanc]ustve evWenee ot such payment and of the velid[ty oi such charget. TAe MortSa~e msY aPP~Y ~dib beld L~ it tor tbe abave chargea„ or aay part thereof, on account oi any delinquent instaUmentt of prlndpal 'or interest or aay other payments maturtng or due under this instrument end the amount oi credit exiatin~ at nW? time shall be reduced thereot patd ar eppLed as herein provlded. The amount of the existtng credit bereunder at the time at ~~~~t proQerqr ahall without assignmeM thezroi inure to the DeneBt oi the succes~r owner of the ro ~ trander oi tde under aad subject to all of the pmvisions hereoL Upon the payment tn tull ot the 1adeLte~dne~ the amounbt ~~at?~r ttnufed credit sball be applied to the payment thereof. Tbe Mortg~gee may colleci a"late charge•• not to exceed four cents (4c) to! each one dollar (i1.00) oi each monthly lnataWaent p~lyment required on the note and under thls Mortgage which is more than• Siteen (y'~) d~ys in arnara. ~p co~ver tbe extra expense fnvolved in handling deW?quent payments. 2 To pay. when payable, all taxes and assessments. general or special. water ren4 and Qtound rea4 and all other - cbar~es whaLo~ver levted upon or assessed of placed against the premises proviston tor wh[ch hes npt been made here- inDefoze, and will pramptly deliver the oHicesl receipts therefor to the Mortgagee; to Wcewlse p~y all tases, ap~~nenb and other char~es~ levled upon or assessed, placed or made againat this instrumen~ or the indebtMne~t or atUr interat p! tLe l[ort~ee in the premiaes or the obligations secured ~ hereby. pmWded that t11e payment M ~tny sutah tau aaen_ ment or eharge by the Mortgagor is not contrary to law or would not tesult in the paqmept of an uNaqrtu~ rat~t pi fntec_ est m the indebtedaes hereby secured. In the e~•ent of the passage aiter t1~e date oi thls insttvment ot aiiy lawr p= the 3tate. or wbdivisioo thereo[. wherein the prnmises are sftusted. creating or pmviding for any ta~c, a~ent os wt?t~ by the abave pronrisu is not to be paid by the Mortgagor, the indebtedness secut~ed hereby tpgether q+lth fnter~tct due thereae. shaU, at the option of the Mortgagee, become immediately due and payable. and Lt the event payment there- ol is itot made forthwfth. the Mortgagee may take or cause to be taken such acUon or proceeding as a?ay be taken here- under fa the case of any other default in the paymeni of the indebtedness. 3. To keep the bulldings and additions thereto on or hereafter erected or placed upon the land imared against taas by flre and such other hszards, rasualties and contingerrcies, including war damages ii at it appears to the holder of the note that war is imraineat, and in such auwunts and for ~~e a state oi war exists or Perio~s. as tnay be reqtllred lrom Wne to Wne by the Mortgagee, and to pay promptty when due all premtuma on such in,wrance, p~rovWan for pay- _ ment of whlch has not beeu made hereinbetore. The polides oi insurance shall have loas payable pmvidons aoceptable to the Mortgagee and sball be delivered to and held by the Mortgagee. or as !t may ditect, yntii thfs Renewal polEcies oi insuratuce. premiums tor which have been fuUy pafd, at+e to pe furnished tp Uu?~Mo~ nttem days pdor to tbe expirauon date ot the insurance thereby reaewed 1Le lnsuranoe ahall be wrl~~~~t 1~ approved by the Mortgagee; in no event ahall the Mortgagee be hetd responsible for lailure to pa~+ tor auy insurenoe wrltten or ior any loss or damage growing out of a defect in any pollcy or graw(ng out of eny iWure oi any insuranct oompany to psy tor any. loss or damage Insured against In the event oi las the Mortgagor shall gtve imnnediate notiae bq mait to the Mortgagee who may mske prooi oi lo~ ii no2 made pmmpUy by the Mortgagar; each insuranoe company ooncerned is,hereby suthorized and directed to make payment tor loss directly to the Mortgagee lostead ot to tl~e Mort- ~agor and t~e Mortgagee ioinUY: the 3nsurance procecds, or anY Part tBereoi, may be appUM by the Mortgagce~ at its option, to the expenses, if any, lncurred bY it in tt~e collection thereof. to the reducUon of the indebtedneat hereby ~e- cured. to the restoration or repafr of the property damaged~ or released to the Mortgagor ~ithout liability upon the Mort- ga~ee for such release. Alt polides of insurance ar+e hereby asatgned to tl~e Mortgsgee as addiUonal security tor the Qiy- ment of the snms and lnterest secured hereDy; in the event of forecloaure ot thb Mortgage pr otlkr tra~utter p= ~ivo tp ~ premisrs in extingui~unent of t6e iudebtedness, all d h Utte and interest of the Mort polldes lhen in force shaU g~' 8+?Bor tn and to any ~snce pass to the punheser or grantee. 4. To coinplete witl?sn a reasonable time any Duilding or buildings now or at aay t[me in LDe prooess oi erectlon upwn ~ 1~ a~d W Pron?PVY ~r. ~n or rebulld any building or itpprovements now or hereafter pq the Iaad arhf~ aW' beoome dana~,ed o~ be destroyed, and not oommi! or permlt to be dons or exb! on or aboat tLe pn~anisea anythtn~ whereby the, premisa shall become la~ valuable; to comply with W laws. ru2es. regulaUoas, or orainances ot ~tnY ~avern- mental "ageacy and not violate or permit the Molatlon as to the premises ot any bullding or use z+estrictlo~; to lceep the ~~~P~s tAereon tree irom mechanic's and materiAlmea's Ila~s and wlll not suQer at4y Hen superlor to the llen cerated by tL1s f~rument to'attach to or be entorced against the premises, S. If detauit bs in~de in the payment of t~ces. a~ments. llens. claim~. insucance premlums or any oWer charge vhatioevtr. or a~? part Uiereoi, or in tLe pertormance oi anY act, to be patd or pedornud by the Hort~oc under tbe Pe+ovf~Om hee+eo[. the l[ortiasee map. at 14 option, make peyment thereoi or pertorin any act reqdred o~ the ~ort~~or in anp form o~ manner deemed e~cpedirnt ind p~y aqp other sum.tLat !s neoessary to protect tbe securft~ ot thls instrit- aoent; the aanounts so paid, v?fth interest therean irom t1~e dste oi wch payment at the aame rate ~s bocne b~r tbe pr1n. dq1 todebtedna~. ahW be aneaM as an additlooal liea at the premises ana ahW De ~ddM to wd baoome a p~as~t ai ttre lodebtedneas aecae+ed bertbr aad be i~nmedfatel~? dne aad pa~able to tbe Mart,~agee. AnY P~t heseb~r atitboslsed to be m~de b~? the ldort~aiee ma~r be ma~le acoordin8 to ~ bill. rtatanent or esdmate turnitbed or proeured lrom tbe appro- P~k Publie osioe ae the part~ cLi~ni~ai MYm~t wit6ont' ia9uti7 iato the aoenr~?cr or validirf tberso~ and tbe e+eoeipt a[ ~ .W? r~11~ o1l~er or paitp m tne han~. ot we l[orc~ee .h.u be oon~lustve eMae~oe a tbe vWma? .m .monnt a ttear 00 ; io pafd: tLe l[ortp~e sba11. at ib opUon. be subm~ated to aq~r ~cumbranoe~ lte~. clslm ae dea~and~ aM to tlt t6e sf~hb aod ~ecudtles for tLe psyment tl~ei~ pafd ot disdiarRd with the princlQal sum aecue+ed lienebr oe b~r tbs ~Lo~a~se nnder t1~e pnu~vldon~ l~es+eo[. aad aa~ such wbro~stbn rl~hts t6a11 be additlooai an~d cumulative ~eeurit~ to thts l[art- L~. ~ ~ ~ - ~ ' - ~ ~ ~ ~ _ ~ _ ~Z~~ _