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Home My WebLink About0303 tender to the Mortgsgee in ~ccordance with the:provisione ot tl~e note eecured 1?erebc~ full pac~nent ot the entire indebtednesa represented thereb~~, .tha Mortg~gee, ~a lrustee, shaU, in compuling the aniount oI such indebtednesa~ eredi~ to the sccount ot the Mortgagor any credil balance remaining under tl~e' pmvisio~~s ot (a) of said paragraph 2. I[ there shall be a de[aul~ uader ~np ot t!?e pravisions of this ~nortgs~e resulting in a public ai?le o[ the premi~es covered hereby, or if the Mortgegee acquirea the propert~• otl~er~vise a[tcr default. the Mortgagee~ as truetee, ahall apply, at the time oi the co~ninencement of euch proceedinga or st tl~e timt? the propert~ is otherw•ise acquired, the amouRt then Feniainin to credit of Morlgugc~r under (8) of paragrepl~.2 pn?ceding as e credit on the intere8t i?ccrued and unpaid snd ~e bvlance to tlie pcincipal Lhen rn~uau~ing unpaid on aaid notc. 4. ~e will psp all t,s~cee, ~aeeeements, ~?~?tee' ri?te0. and other (~overnmental otr munidpe?1 cbsrge~, fiaea ot impoeittom, tor ~vhic6 proviaion hse noL been msde here[nbefore, ~wd in defsult thee~eo~f the Moetg,agee maY Pe?Y ~ mme; rwd ttu?! 6e will promptly deliver the oS'icial reoeipta tberef~ to tbe Mortgagea. a. He wlll permit, oommit, or euRer no wAate, impairment, or deterioratton oi eaid property or aa part tbereof wa eo~cept re~sonsble ~vear and tear• and in the eveat ot the failure of tbe Mortg~or to keep the b dinga oa ee?i~ premisee and thoee to be erecte~ on eaid pe+emieea or improvements thereon. in ~ood rePaie' tlye Murt~agee maY mulce sucb repura a8 in its diecretion it may deom nece~aary fo~ tbe proper pre~erva!ion ttxleo~ c~d the full smount oi each and every such psymeat ehall be due and p~yAbb thisftil? (30) dqys attet demi~nd, ~d' s6s11 be eecured by ~e liea of t6i~ mortgnge. . 6. He will pay all and eingular tLe oosta, and eupen~ee, includina reaaonsble ]uwyer'e ieee, und ooets _ ai sbe~lr~cta of title, incurred or psid at aay ttme 1 y~ortgagee becsues d the fuilure on ~he psrt of the Mortgagor p r o m p t l y a n d f u ll y t o p edorm the a~ e e m enta and ooveaante of eaid proraiesory note and this mo~ge , aad eaid ~osta, charges, snd expenees shall be immediate~y due swl p~ysble And sball be seoured by the liea of t~ s' mortgaga. He w~ eontinuona~y msintain L~aard ins~ntinoe, of such type ort~pes and aanc+unts sa Mortgagee may trom time to time require, on tLe improvementa ~w or Lere~iter on said~nm~se~ ~ad ezoept when payment tor all euch premiuma haB theretofore been made uader oi par~gra~h ~ hereo~ be ~ P~Y P and the ~ 1'~~ due sny premiums thaetor. All wsurance sbaU be ~in oo P~ iPP bY a~ Po eies and renewala thereof ahaU be held by Mortgagee ~nd have att~ched tLeret~o bes p~yable usee in iavor of snd in form scceptable to the Mo regee. In event of loes he will give immedit?te notioe by maii to riortgagee, . ~nd Mortgagee msy make,proof~o[ loes if n~cti made promptly by Martgagor~ aad each inauranoe oompany ~oncerned is Lereby~sut,horued and directed to make p~yment for anch ~oes duectly to Mortga~ee inatead o! to biortgagor aad Mortgagee jointly, and the i~tu~anoe prooeeda, ~Y P~ ~~f may be applied by Mort- ~a~gee a~ its option either to ths reduction a~ ~re indebted~es Lereby secured or to t~e restori?tion or repair of the pmperty dama~ed. In event oi foreclosin~s ~ tL'm mo~g~, ~or otLv, ttsnater ot title to the mortgaged p~P~Y ~ t of tLe indebt~e~ees ee~ed Lereby; aIl tight, tttle. and int~reet of the, MO~8~8'~ ~n aud to w insuranoe policies tben in foroe aLall p~s to the pwrc~aser aar grant~ee. 8. I[ t)~e prn~riisea, or snr paTt thelroi~ be ~ondemned mnder ~he power of ~mm~ent domain or acquirnd !or s public yee, t1iA dan~sges sw?uded, tl?e prooeeda~for theta~ng of or the consideration tor sur~i acquu?tion~ to the extent o! the full ~unount of the renuining unpaid iadebtednees securnd br thia mongag~, am l~errb~ assigned to Uie Mortgagee. snd his heira or aeaigns, and ahall be paid torih~vith io said ~Vlortga~c~ or lus ee to be applied on account ot the lest maturing installmenta of sucli indebtedneas; provi~ied, l~owe~er, th~ortgsgee or hffi assi~nee, inay at his diecretion pa~ direct to the Mortgagor, lus }ipirs or sssigns an~ part or all o[ sncii s~ ard; provided, that if the ban ie guar~nteed or insured, tl?a conesut oI the gu~u'antor or ir~surer is obtained in ad~ancs of ~d ps~nen~ 9. ~fie Mortgagee msy, st any time pendin8 s snit npoa t~is matt8'fi8e,'!PP~Y to tbe eovrt LavIng jurisdictton th~reof for the sppointment of a reoeiver, and auch eourt ehail forthwith sppwnti a receiver of the premises oovered herebq all a~d singular, including all snd einguLur ibe P~'ufits, ies~, md :evenuee from whatever eour~oe derived, each and every of whic6, it being espreesly um~, ie Le~t+ebY mortg~8ed as ff BPecificall3' set forth and deecribed in the 6ranting and habendum clsueee bet+eo[. 8nc6sppointment ebaIl be msde by euch oourt as an admitted equity and s matter of a6eolute rig6t t~o ~aid Mort~?~ee, aad without referenoe to the adequacy or inadequacy of the value of the pmperty mortgag~ed o~ to the su1v~Y or insolveacY of esid Mo~t~Bor or t~e defendants. Such rents, profite. income, i~, and reveaues ehsll be a~ '~l by ~uh reoeiver soo~rding to the lien of this mortgage 'r and the practioe of such oourt.~ In tLe eveat of an,y u~ tbe part of the Mortgsgor bereunder, the Mortgagor agrees to pay to the Mo on demaad as s reaeonsble mo~thly reatal for the premiees an amount at leaat ~ equivslent to one-twelfth of tLe ~+e~sto ot tbe twetv~e montbly inats~llmente psyable in the then current ~ year plua the actusl amount of the aan t~ces, aee~t~, watet sates, s~nd insuraaoe psemiuu~s for such yeat not oovered by the aforesaid montLl~? P~?Ymenta. 10. In the event oi ~?ny breach of tLis mortgAge ar defanlt on the part of tLe Mortgagor,.or ia the event tnat any of said auma of money her~in reterreti to be not pmmpt~ji and fuUy paid aooording to the tenor hereof, or in the event that esch and every the st~p~ulstio~, agc'ee~ent0. oondit~or~t, snd ooveaants of said note and this mortgage, are not dulY~ Pr~mP~Y, ~ f~9 P~ormed; then ia dthet o~ any euch event, the esid sggrngate aum mentioned in eaid nots then temaining unpaid, ~vith intereat accrt~ed to tbat tiane, and all moneys eecured hereby, shall become due snd psys~ble forthwith, or thereafter st the optioa of eaid Mortgagee, aa fully and completcly as if all of the aaid sums of money were origine~lly stipu~ated to be peid on such day, anyt,hing in said note ot in this mortg~e to the oontrary notwitbstaading; snd thereupon ~ thereaite~', st the option of said Mortgagee, without notice or demand~ suit at-law or in equity, mey be pe+oeeentecl ea if all moneys eec~u+ed hereby had matured prior to its institu- tion. 1'he Mort$agee may foredoee tLia mortga~e, as to the umwmt eo declared due and payable, and the said premiees shall be sold to sat~sty and pay the same together with oosta, ea~penaes, and aUowances. In case ot partial foreclosure of thia mort$age, the mort6a8ed ~remiees ehall be eold eubject to the oontinuing lien, of this mortgxge for the amount of the debt not then due und unpaid: In such caee tbe proviaiona of this psragraph may again be svailed of thereafter fmm t,ime to t~m~e by the bioitg,eBee. 11. No walver of any eovea~nt herein or of the obligation eecured hereby aball st any time thereatter be beld - to be a ~vaiver of t1~ terma hereof oe of tbe note eeGU+ed Lereby. ~ - l2. The L'en of t~iia inefauonent th~ll renasin in fuD foroe aad efiect during uny postponement or exf,ension of ~ the time of peyment of the iadebteclnees er aay psrt th~re~ eecured Lereby. 13. If the Mortgagor defsult in aay ot t~e covensnta or agr~nnenta oontained berein, or in eaid note, then the ~ Mortgagee msy pedorm tbe eame, and a11 espeaditures (includ~n8 reasonable attorney's fees) m~+de by the biortgaRee in ao doin shall draw intesest at the rateprovided tor in the principal indebtedne~s, and shali be repayable ~ thirty (30~ daya after demand, sad, togethee ~vith interc~st and eosta awcrued thereon, ahall be secured by ~ tb.is mortgaga ~ 14. Upon the reqnest of tLe Mo the Mortga~or aball ~recute and deliver s supplementai note or ~ ~otes for.the sum or auma sdvancod by e Mortgsgee for tLe slteration, moderniaation, ;mpro~ ement, mnin- ~ tenance, or repair of aaid premises, for taxes oras~ments against the same and for any other pur~~ose suthor- ~ ized hereunder. Said note or notes eball be secured hereby on a parity rvith and as fully as it the ad.•ance evidenced thereby ~vere includod in the note Srat describad sbove. Said eup plemental note or notes shall bear - interest st the rate pmvided for ia the principal indebt,~dness and shall bepa yable in ap pmximnt~cl~ equal monthly paymenta for such period as msy be agreod upon bp the creditor and debt,or. Failin~ to s~rcc on the - maturity, the v~hole of tha sum or suma so advancod shall be due and pa~ able thirt,y (30) dn~•s eftcr ~lcmand by the creclitor. In no event abatl the maturity extend beyond tbe ultunate rsaturity oi tLe no~e first, described above. ~ ~ ao~225 ~ 3QZ - - ~K;.-~~.:. . s'tt'" ~,;a, z",~~°~ e'~' •,-~.~-y?"u•~'~~'~' ~ 'z" ' i. . i ~ ~ h ~.r 1 ~