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Home My WebLink About2499 . tender to the Mortgagee in accord~nce wl~hythe pco ~ iona of t}?a note secured lierebr, full pa~ nie~it o( tlie entire indebtednees npresented thereby, Mort~a~e~, ~s truatce, sbell, in ca~iputing tl?e emount ot sucl~ iadebtedness, credit to the accouni ot t, ~ tgsgqr,ruty.Qredi~ balance remaining under the pmvisiw~s ot (a) h u? oE said ph If there shaU be i de •~u~ uhde~"~y of the provisiona of th~a mortgs~c rnaulting in a puWic sal~the premieea covered hereby~ or it tha Morigageg acquirea the property otl?erwise sfter detault~, tha Mortgsgee~ as trustee~ shall ~pply~ st the time ot the coi~nencement of auch proceedinga or ~?t the time the property is othenvise acquired, the amount then remaining to credit of Mortgagor under (a) of paragcapl~ 2 preceding ~s a credit on the intereat ~?ccrued and unpaid snd the bal~nce to the principal then rnmsining unpaul on said no~e. 4. He wlil pyr i?U taues, a~ee~ent~, and otbee~overamentai or munieiP~1 oh~r6ee. Sne~. os impodtioa~, for whicL p~ovieioa haa not been m~de Leretnbeto~e~ and ia defwlt tiree~eot tbe Morf~p~g~ee may pRy tbe ~ne; ~nd tbat bs wiU pe~omptb? deliv~ the offiaisl reo~pta therefor to the Morf~ea a. He will permi~, oommtt~ or su~er no wast~e, imP~ira~al, oe det~ertorst3oa of eaid propecty e~b~~ thereo[ aacoept re~eoo~bls we~r ~od t~ear• ~nd in Lhs eveat ot tbe f~ilure ot t6s Mo~or to keep the oa e~i~ premiees snd tbose to bs eraete~ on a~W pcao~e~, or improve+one~t~s tbez~eon, i-aood repais tbe Mortg,sgee msY ose malca weh repairs as ia it~s discretion it mt~y deean neoe~eary for tbe~~rop~ pre~etvi?tion ~ aad the full amouaL of each ~ad every such p~yment s6~U bs due ~ad p~ysbb thirky (SV) d~ys atter dem~nd, and sball be seaured by the lien ot t~is mo:t~e. ~c_ 8. He wtll p~y all :nd s~u~e ~tier~ooe~, ~.~'~dd ea~p~ses. ineludin~ e~easonsble I~wyer's feee, and ooete „e .~,e~! .,~.~:b. ~r esid a~ ~ny time bi? ~ beesuee d the isilure on the part of the Mort~,egor . P~PUY ~ f to pertorm tt~e ~eements a~ oo~eaants d ssid promiaeory note and Wia mort~ge, and satd ~et,s. ch~T6es. ~expenses ehsll be immedi~?t~y dus add p~yable and e6all be eecured by the lien of tLis mortg~ge. 7. He will oontinuo~ maint~in haurd 'msura~s, oi such type or types and umounta as Mortgsgee m~y trom time t~o t~ime require, on tha unpmvement~A now or hee~eaiter on s~id p snd e=oept when payment for aU suc6 pre~Gniums h~t tbe~t,ofore 6een made nnder ~(a) oi paragnFL Z h~ wi11 pa3? promp~y when due sny premiums thoreior. All insuranas shsil be carried in oo~mpaaties aPPi'uve~ b~ M~~ sad tbe poli- cies snd renewals thee^eot sLall be held by Mortgsgee snd Lave attached t6ereto loea payaba le cTauses in iavor of and in form aooeptable to t6e Mort~sgee In evant of loaB he will give immediste notios by msil to Mo~ttgrgee~ and Mortgagee may make .proof o3 I~oes ii not msda promptly by Mortg~gor~ and ~ch inaunaoe compsny ooncerned is hereby-suthoc~sed and directed to make p~yment ior such loes du~ectly to Mo~ instead of to Mortgagor and Mortgagee joint~y. ~nd the iaeurance prooeeda, or an,y part thereof msy be apF 'ed by Mor~ ~agee •t its option either to the reductiun oi the indebtednees hereby secured or to t~e restoratwn or repsir of the properLy dam~ed In event of foreclosure of tbia mo~or other ~r~afer of title to the mortgaged proPertj in estingu~nent of the indebtednees eecured berebY, righL. title, and 'utteresti oi tLe Mortgagor in and to W msuranoe policies then in foroe shaU p~ss to tLs purchaeer or grantee. 8. If tlie prnmises, or an~• part tl~ereof, be condemned under tlie power of etninent domain, or acquired for a public use~ tlie dau?ages awardeci, tl~e proceecia (or the taking of~ or the consideration for sucli acqu~sttion~ to the extent of tl~e full amount of t}ie remeining unpaid indebtedness secured b~ this ~uortgage, arn l~embr assigned to tl~e Mortgagee, and his lieira or assigns, and shall be paid forthwith to said Mortgagee or liis asa~gnee to be appliecl on account of the last maturu?g inatsllmenta o[ such indebtedness; provicleci, however, the Mortgagee or h~s assi~nee, ~na~ at his discretion pa~ ditect to tlie Mortgagor, lus lieirs or assigns eny part or all o[ such swarci; provided~ that if the loan is guaranteed or insured~ the conaent o[ the guarantor or insurnr is obtained in advance ot said pa~nient. . 9. ~'~e Mortsugee may~ st any time peadina s suit upon this mortga6e, s?pply to the oourt hsving juriedictioa thereof for the ~?ppointment of a receiver~ snd aueh oourt shall forth~vith i?ppoint s reoeiver of the premiees oovered hereby all a~d eingular, including aU and eingular the ineome. Profita, iesuee~ and revenues from whstever sowce derived, esc6 and every of which, it being expreeety underetood, is hereby mortg~ed sa if epecifically seti forth snd deecribed in the ~ranting snd hsbendum cLueea hereof. 3uch sppointment ahall be made by eucA eourt aa,an admitted ~ equity snd a mstter of sbeolute risbt to eaid Mottgsgee, snd without referenoe to the adequacy or inadequacy of ; the value of the pmperty mortga~ed or to the eolvency or insolvency of eaid Mortga;or or the defendante. 8uch ! renta, pmfits. inoome~ iaea~ea, and reveauee ahall be spplied by such reoeiver ~ooooa+d~ns to the lien of this'mortgag~e and the prsctioe of euch oourt. In the event of any defsult on the part of the Mort~sgor hereunder~ the MortgRgor egreea to psy to t6e Mo on demsnd ae s reseonable mont~ly rental for the premieee an amount st lesat equivalent to one-twelfth of thea~re~ te of the twelve monthly inatallmeata psyuble in the then cun+ent yesr plus the actusl amount of the aanual ts~ces, aseeeementa, rvster rat+es, and insuranoe premiums for euch year not covered by t6e sforeeaid monthly psymente. . 10. In t6e event of ~ sny bresch of thia mortgage: or de~~nlt _ on t6e part of the Mort~gor; or in the event thut any of eaid sume of money heman refere~ed to be not pmmptly and fullyp~ d accordu'~g to the tenor hereof, or in the event t6at eac6 and every the eti~uU?tie~, agree~aeats, qonditione. and oovenante of esid note and thia mortgsge~ are not duly, promptly, and fully periormed; th~n in eit~er or any auch event~ the eaid sB6regste anm mentioned in eaid note then remaimng unpaid, ~vith interest accrued to t6at time~ and all moneys eecured hereby, ahall beoome due and psysbk forthwith, or theresfter~ at the option of said Mortgagee, sa fully and completely aa if all of the said eums of money wen ori~inally atapiilated to be paid on auch day~ anything in esid note or in this mortg~ge to tbe oontrary notwithatanding; and t6er~upon or thereafter, st t~e option of eaid Mortgagee~ without notice or demand. suit at laa or in equity, may be proeecuted aa it all moneys aecured hereby 6ad matured prior to ita institu- tiou. The Mort~gee may foreclose t,h~s mortgage, aa to the smoant eo declared due and peyable, and t6e said premises ahall be eold to astiafy sad p~y the same together witll~~~ e~cpeneea, and allowances. In case of partial forecloaure of this mortgage, the mortgaged premiees ahall be eold eubject Eo the continuing lien of this mort$age tor the amount oi the debt not tben due and unpaid. In euch ~c~ee t6e proviaions of this pera~sph msy agsin be avsiled of therestter from time to time by the Mortgagee. 11. No waiv~ of any oo~renewt 6erein or af the obligation eecured hereby ahsll at any time t6ereafter be held to be s waiver of the terms hereot or of the note eecured hereby. 12. The lien oE this instniment ehall remain in full force and etTeet during uny poetponement or exteneion of the tinne of payment of the indebtedneas or any part thereof secured hereby. t:;. If the Mort~or defsult in sny of the oovenants or agreemente oontained 6erein, or in esid note, then the ~ Mortg~sgee msy peiform the asme, and all ezpenditurea (including reasonsbk attorney's fees) msde by the Mort~,aRee in so doing shall draw interest at the rate proviJed for in the principal indebtedneee, and shs1l be rnpsyable thirty (30) deya aiter demand, and, together with interest snd costs accrued thereon, ahsll be secured by this mortgage. 14. Upon the requeat of t6e Mortgagee the Mortgagor shall ezecute and deliver s supplemental note or notes for the sum or sums i?dvanced by tLe Mortgsgee tor the a]tention, modernization, improvement~ msin- tenance, or repair of said premises~ for taxes or ss.Qessments against the same and for any other purpose author- ized hereunder. Said noce or notes shall be secured hereby on a psrity with snd sa tully as ~f the advance evidenced thereby were included in the note 6rst described sbove. Se~d supplementsl note or notes shsll bear interest st the nte provided for in the principal indebtedaesa and ahall bepa yable ia pm!cimately equal monthty ptyments tor such period ss msy be agreed upon by the creditor and debtor. Fs~ to agree on the msturity~ the whole of the sum or aums eo advanced ahall be due snd pa~able thirty (30) days sfter demand by the creditor. In no event shall the maturity extend beyond the ultimste raaturity o( t6e note first described above. _ l~OOx ~Z PATf z4~ g00K ~O~ PAGf 1V~ 1 _ ,;~A-•. - - - _ - ; -