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Home My WebLink About2326 ot the Most~at~se beoorat imaHdlately dw audpa~b1~ without notloe, u~d Droceedir~s m~U? be IaWWted b~? tM Mort- ps~e for tM raaav~ry tAereo[ b~r torecbair~ d tAfs l[ort~. oe !n at~y of2~r maan~r pendtted b~ law ~s t1N Mort- p,~amyr ~leet. Wt1W~ i~ tM aot~ oe ia tAls ~[ort~a~s ooutaf~uQ to tt~ ooatni7? tMrato ao~wlWt~adin~. Upon iora alown o[ tbls l~Wrfsaje. ~e. ~w~~...u.u a ~~o~w.a a.. o.~c a u~. ~eceana...~,~na ~.e~, ~nd t~ ltort- s~~ af~ W WV?. ai1 ~ts and ex~nsM lneurt+~d !n oo~ctbn there~ritN. L?dudia~ rr+~son~DU attora+y's ls~rr oat ot dtte and tau aearch and tbt eut~ndoa to dat~ ot au aDds~ct ot title or UW poliqr: and W cw ~uch tor~clowr~ Prooead- inas are aettled betore the coaa~n~matlon thereoi or tb~ entr~r oi i~~, such cosfs ~ad ~es ~ad oti~tr char~es ao 1ACUrnd. lndumnt •:wroaabl~ utorae~'s ie~. sAalt aevertbeta~ be paM. Tb~ ~[o:tsa~se or anp? part,p fn ia- tsrest. belas tbe hlsl~t DldBer, m+U? b~ a purrhawr at a~a~ foraclaun a1e. Anp electlcn by tl~ l~[ortsa~e~ as Mreln pro- v~ed tor mqr De exerelsed im~aediate?,~ upon Mfaul~ ce at tfine th~ra~it~ar. aad uothin~ ~it be ooostrued to be a wdver of such e~t~ht unleas wWenced bp u? lnshvrnent in wdtlas to t~~at eQect duly esecuted b~? tM ][ortp~ee. The Mortsa~oe w~1ve~ all ~ht o! Ao~a~ste~d ~ad aoesnptlon ~ranted by tl~e Com~tttuUon aad Laws o~ P'laid~. AND THS MOR'I~GACAR FUATHE[t OONVSNAN'18 AND AGRSFS: fn sddiU t~o and at tl~e dme ~nd pl~oe for ~ach p~yaaent ot prlnctpal aQnd lnterat.T f~nsWlm~t at ~ the f~ollow- tn~ c1~ar~es: (a) T~ucea and as~es~ments. ~eneral or specW. and alI other ctias~es levied or to be levled aQatast the Dremisa. (b) Prrmfums to beoonr dne and ~ayabl~ for. sad to reaew~ tl~e lnwrsnce oa the premiks apim! 1o~s by sre ~nd sud~ otAer ~rm. t~sualtiea as~ oontfn~eades ~s hereln provlded for ~ requft+ed from tlane to dme. The emount ~ Ure respcctlve month~j? ia~alhaents s6ari be equat to the amauit oi the anaual e~sspectfve cbi~r~e neut due les e~timated by t~ Mortsa`ee). lers ~11 installa~eats alreaQy pRid U?eretor. divlded by t1~e aumber ai monthly in- atallments tMe+ei~ beoozNn~ due aot later t~an aae month prbr to the due date o[ aqy s~tt~ cLat~ ~nd shall be wb- ,~ect to inere~se oe dec~+e~s~ W tl~e exteat re4Wred to cre~te as ~ s nanthy py+ment date on t1~ note not las tban oae moAW prlor to tbe due date ot an~? snch charge. an arnount wQicta~t for t,f~e payment thereoi when due and payable. In no eve~: seau ce. ~aost~.~ee reoefvin~ .uch wu?ment ~e It~bie ror anr inceresc o~ aq~? aneounc pata to [c .s 'herein ~'~4utred. and tLe trmaep av ze~eivM m~y be beld wdtli`1b wm tuads pendlo~ pyrment or ap~Ucatfon tl~ereoi as l~eraia provided. The Mort~or sLW furnish uttto tbe Mort~a~ee at least nitea~n days before the due date an o!lEcW s4teanent oi tl~e anaount ai any ta:es or aoeannents next due. and sacII Mortsarae sAall pq? the above charQes to tb~ ~mount Q[ th~ tLan ui?nsed credit therefor ~s and whea they beoome ~e~al~ dne ~nd pay~ble. The Mortga~ee maY. at ib uPtiaa~. WU' ~Y of wch etisr~es wltea p~yable. elthes beiore or aiter t1~ are deWrquen~ Mtha~t notioe. or make adv~noes fhtrefor W exonr ot tbe thea annount oi credit ioa~ nid chae~eR The e~cce~s ~mount advauoed sball be ima~ediatel~ due and P~Y~bI~ to the Mortg~gee aad shaII be seeured as an ai3ditfon~l pstndpal sum under tWs iostrumeat and be~r t~e same rate of interat irom date oi advaacemeat u ti~e prlndpal ladebtedaea~ Aa oakial reoeipt tLeretor sbari be oancludve rvldence of wch p~yment and of tt?e validtty of weh char~es. The Moct~a~ee mqr app~y crndi4 held by it for t6e abo~ve mc at ~ur n~ or due~iu~der thii instrument ~and~the i?r~i?ountt ot~~~ of pdadpal or intesest or uiy otber paymenb thereo! paW or appAed as hereL~ provWed. The amount of the existing cr~t hen~nder~at the time otuced by the amount pmperty shall ~vithout eiasig~ment thereo! inura to the beneflt ot tAe suc~owor owner oi !he ro ~ tr°nster oi the w~der aad sub to all oi the rov(slons hereof. U p~~ ap~~ ject p pon the payment in tull ot tbe lndebtednes~, the amount oi any unufed ct+ed[t shall be appUed to the payment thereot. Tbe Mortga~ee may collect a"late charge" not W exceed four cents (9c/ tor each one dollu <i1.00) oi each moathly lnstallnneat p~yment required on the note and under this Mortgage which is more than fltteen (15) cover tbe eutra expen3e involved in handling delinquent psymenta. to 4. To pay. when payable, all taxes and assessments, general or special. water rents end ground rents and aU pther char~a v?haboever levied upon or assessed or placed against the premiaes, provia[on for whtch has not peen tpade kere- iabefore. snd will prompUy deliver the o~icial receipts therefor to the Mortgagee; to llkewlse p~y s11 taxes. aase~ments and otber cLarges„ levled upon or asseased, piaced or made against thls lnstivmen~ or the iadebtedneat or an~ lntenst ot tbe MortQa~ee in the premises or the obl[gations secured hereby. provided that tLe p~yment oi any such tax a~s_ ~nent or char~e by the Mortgagor is not contrary to isw or would not result in the psyment of at~ un4wfu! rat~e oi inter- est on tt?e indebtedness hereby secured. In the e~•ent ot the passage atter tbe date ot tbis lastrument o[ any Lw oi the 3tate, or suDdivtdon thereof~ wherein the premises are situated, creating or providing for any tau, a~nent or cbarge which by the above proviso is not to be paid by the Mortgagor. the indebtedness secure8 htreby tog~ether ~vith interest due taeneon, shall. ai t1~e opUon of the Mortgagee, become immediately due and payeblg~ atW !p the evgnt ent there- oi b not msde forthwlth. the Mortgagee may take or cause to be taken such aMton or under fa tlre aue oi aay other detault fn the payment ot the indebtedness. p~~ b~ 3. To keep the buildings and additIons thereto on or hereaiter erected or plaoed upon the' ldnd inatred ess~?st loss by ~ and wch other hatsMs, casualt[es and contingectcies. including war damages !f at azq? tlme a atate oi war exWt pe. it appears to the holder of the note that war 1s imminent, and in wch ampunts enQ fors~ieh perlodR aa aw,~t Kq~~ trnm time W time by the Mortgagee, and to pay prompUy when due all premiums on such iniurancr~ provl~ion for pay meat oi which has not been made herelnbefore. The polictes ot insurance shall have lass p~yable provWons aooepteble to ttie Mortgsgee end sMil be delivered to and held by tl~e Mortga~ee, or as it may dfrect, unUl thls • l[ort~a~e is ~atl~ed. Reaewal poHcies ot insuraace. Prem[ums for whlch have been tully pald. are W be furnished W the l[ostp~ee at least niteen days prlor W tAe expiration date oi the tnsurance thereby renewed. T6e tmur~noe shW be writien 1a oompaales approved by the Mortgagee; tn no event shall the Mortgagee be held responsiWe for failure to pay for any iqsutaace written or for aay loas or damage growEng out of a defect in any pollcy or gmwing out at auy tapure ot a~ iniurena comWny to pe~y for any loas or damage fnsured again:~ In the event ot loas ihe Mortgagor shsll give imavadiate notlce by mW to the Mortgagee who may make proot of loss U not made promptly by the Mortga~or• esch insuranoe company concerned b. hereby authorlsed aad directed to tnahe payment for lo~ dicectiy to the Morigsgee inste~d oi tp tl~e Mort_ ~or and tbe Mortga~ee joinUy: the insurance proceerds, or any part thee+eot, may be appUed by the Mortgagee, at !ta optlon. to the expet~ses. !f any. incurced by it in the collection thereof, to fhe reductlon oi the Wdebtednas hereby se- I; cured, to the restoratlon or repalr ot the pmperty damaged~ or releascd to thr Mortgagor wittwut llability upon tAe Mort- ~ ~a~ee for such release. All polides o! fasurance are hereby assigned ta the Mort~agee as addiUonal security =or the pay- ~ ment of the suais and lntereat secured hereby; in the event oi foreclasure ot this Hortgage or pther transier p! tltN tp the ` premises 1n exttn~ufsLment oi the indebtedness, all rtght, title sad fnterest ot the Mortga,~or 1n and W any iiuutaat~ polides Wen in Loroe shall pats to the purrhaser or grantee. 4. To oo~naplete wfthin a rcasonable tlrne any building or bufldings now or at any tlme 1n tbe prooas oi enctbn upon We land and to promP~Y nP~. restore or rebuiid any bullding or lmpravemenb now or herPaiter oa tbe land whfeb m~Y beoorae dama~ed or be datroyed. and not oommit or permlt to be done or e~dst on or about tbe premises anythin~ whereby the presnisa shall beoome less valuable• to compl~ with W laws, rutea? regulations. or oMlnsnoa of a~7 B~~- mental a~mc~' und not vloLte or permlt the vldaUon as to the premises of any buliding or use restrlctlom; to keep the Lnd and lmprovea?en4 tl~ereon lree irom mechanic's and materlalmen's llens and wW not sufter aqy li~ superbr to the lfen creatsd bi? thls iastrument to ~ttach to or be et~torced against the premises, ' S. If detault De made in ihe p~yment ot taxes, asseasnents, llens, clalms, lnsurance premlums or anq other charge w~at~oever. ~'aq~ part tl~ereoi, or fn the pedoimance of aaY act, to be pald or perlormed by tbe l[o rtaa~or under t6e !be MortpSee ayY. at Ib option. make pe~yment thereoi or perfornu ury act required o[ tLe Mort~or In aa~' form~aianner deeaied espedtmt anQ p~,y any other wm t1?at is neoes*ary to proteci Ure see~rlty oi tUfs tnstiu- ment: the uaonn4 so patd. w!W fnterat tlurron trom tbe date oi such paynunt st the s~me nte b borne b~ tbe prla- i clPd indeDt~dnea, ahW be soeaed as ~n addttimal llea oQ t6e premiaes aM shail be ~dded to aad be~aosne a part at t?x ~ fadebtednes aecured 1~erPby and be lmmedfately due aad pay~b4 to the Mort~a~ee. Anr Pay~eat berebq aut~orized to be , p~ ~~ort~ ~my? be n~ade aooordinf to W bU1. statea?ent or atlm~te tusnisl~ed or pnocureQ irom t6e appro- j anp publlc offioer or q~ ~s AU~~t witbont inquiry into tbe sac.vra~? or valfAtb tArreo4 aad tl~e reoelpt a~ partY In the hands a[ tbe ~ort;asee siWl be conclusive rvideaee ot t6e v~ildiqr ~ad amonat oi 1tea~ ~ ~o patd: the Hort~ee sbati. at its oPtlon. be mbm~ated to anp encumbraaoe. lle4 ctslni oe dem~nd, and to di tAe Mslets ~ snd ~eeudtla far tbe p~neut tl~ereof. p~1d or msrharsed wlth the prtndpal a~un secursd bereb~r ar bp t6s ][~tp~K mrder tHt Pro~vldoat beetio~ and an~ wch w~brop~tioe rl~b.~h~il be r?ddiUonal and cumuladve ~ecutiy to tLfs ltort ~ ~D01(~ fA~f~~