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Home My WebLink About2450 teude~ to the Morigag~e in aocordance wilh the provieions o[ tl~e note eecured I~ercb;r, !uU psrnient ot the entire indebtednees npre8ent,ed thenbv~ the Mortgagee, as trus~ae~ shall, in computing tl~e ~uount oi eucli indebtedaees, cndit to the account o[ tba Mongagor auy credil balance rnmoining undcr tl~r' provisiona of (a) ot said ph 2. It there ahall be • defsul~ uuder en~ ot tlie proviaions of tl?is iuortga~e reaulting ui s public sal~the premises covec+ed hereby, or if lhe Mortgagee acquires the propert~ otl~erw~se s[te~ default, the Mortg~gee, as irustee~ ahall apply~ ~t the time oi the co~runencement of such proceedings or a~ tl~e time the propertf m othenrige ~?cquired~ the ~mount then ~emaini~ to credit oi Mortgagor under (a) of psragrapl~ 2 pn~oeding as s credit on tl~a interest ~cerued and unpaid u~d ~ balt?nce to tl~e pcincipal Lhen reiuaiuing unpaid on said note. 4. He will p~~ sll t+?:ea, a~eeaemeata, wster ratee, and otber ~o~ernmental or muntcipm?l cb?ar~ 5aea. or impoeitions, for wLich provision hss not beea made hereinbefore, ~?nd in default thereof iLe Mortg,e8~ ~Y PaY ~ s~e; and t6st Le will pro~nnpt~y deliver tDe o~cinl reoeipte tberefor to tbe Mortgagee. S. He w~ permit, oommit, or auBer no waate, impsirmea~ ~ deterioratton of said propaty o~ any p~t thcreof e:oept reasonabk wear and tear• aad in tbe ev~ent of the i' ure ~ the Mort~gar to lceep the bui~~s on eaic~ peemisee and those to be ra+eeL$c~ on eatd peemises, ar impru~ve~c?enis Lheieon. ,a ~od npair tbe Mortg~?gee me?Y make sueh nqdrs ~s in its discretio~n it may deem n~eoeeeary fw' tLe Proper P~reeerv~tion thereo~ and the full amount d each and ev~ry aic6 p~ymeat du11 be due ~ad payabb thir~j? (30) dAYs stUer dem~nd, and eball be eecured by tLe liea oE t~is moirtaaae. 6~. 8e w~71 p~y all aad etn~ular tbe oosta, and e~cp~o~ee, induding reaaonuble la~vyer's feee, snd ooets ef a~etraeta of titk, incurred et psid at uny time try~ortgagee becauee of the failure on the pnrt d the Mortgagor R'~P~ ~ f~? ~ P~~ ~~ta aad oovenanta o# eaid promieeory note and this mortgage, and said p~ets, eLarges, auu espeases sball be immediate},y due and p~ysb~e and sbslt be seceu~ed by the liea of tWa mortgsge. T. He ~ eontan~ous~jr maintaia Lsurd 'msuranae, oi euch type or t~pes snd smc?nnts ss Mortgagee ms~ ~e+om time to timb reqnire, on tLe improvexnenta now or Lereatter on said pnmises snd eacept wLen payment tor a11 wch premiums Laia tLeretofore been made under (a of psrsgraFh ~ hereof ~e will pay prompt1y when due an~ pnmioms therefor. All insuraacs ehaU be carri~ in oompan?es appmve~ bp I4io ee and the poli- ehaU dee and nnewals thereof shell be Leld by Mortgsgee ~nd Lave attsched thereto losa payable ausee in fsvor of . snd in form aeceptable to the M agee. Ia event oi loes he ~vill give immediete notios by mail to riortgagee, •ad Mortgagee may make.proof oa~! JoeB if not made Fmmptly by Mortgagor? and esch insweu4oe oompenp ~onoerned is Lereb aut6or~r~ed and directed to make p~yment for such loes directly to M~~ instead oi io biortgag~ur and ~ortgage~ 'oin , and tLe insuranoe prooeeds, or any part thereof may be a~ pp~~od bp Morw ~agee ~ its optian eit~t b~~uction oi tbe indebtednees hereby eecured or to t~e restoration or repair of i~e propert~ dam~rod. In ev~:nt of foreclosure of this ~rt~e, or other trunsfer o~ title to Lhe mortgaged . propert~ m~4ogu~iment oi tLe indebtednees eecured hereby; all rigLt, title, snd intere~t of the MortBagor ~a wd b ao~ iasuranoe p~i~s tben ia foroe ahall psss io the purcLseer or grantee. 8. If thepreiniees, or an~ psrt thereof, be ~ondenmed nnder the power ot enunent domain or acc~u'urd for s pubiic uee, the damages a~vardeli, tl~e prooeeds for the taking of or the consideration !or suc•~i arqu~ition, to the extent of the f~ill smount ot thp rentaining unpaid indebtedneea secured b~ thi4 niorig:+~+, arn l~er~b~ assi~;nec1 to tlie Mortgagee, snd his heua or asaigns, and shall be psid forih~vit~h to eaid ~1ort~cM or 1~~ assignee to be applied on account ot the last maturing installmenta of auch indebtcdness; provided, l?o~e~r~r, the Mortgagee or his assi~nee, may at his dieeretion pa~ direct to the Morigagor, luis lu~irs or assigns an~ part or all ot auch sv?ard; provxled~ that if the loan is ~uar~nteed or insured, the conseut ot the guarautur or insurrr ia obtained in ad~ance of ssid ps~~nen~ ~.1~e Mort~aee ms~, at aa7 time pendin~ s snit upon tLis niortgage, sPP1Y to tl~e eonrt l~sving jurtsclict3on tLereof for the sppointment et receiver, and auch eoart ahall forthwith s+ppoint a receiver of the premieea oovered Laeby aIl arid eingular, includin6 all sad singulsr tbe inoume, profite, iesuea, snd revenues from whatever eouroe derived, eACh and every of which, it being acPresely underatood, ia hereby mortgaged ae if epecifically eet iorth e?nd ~ deecribed in the 6ranting and habendum cisusee bere.of. $uch appointment ehall be made by Buch court as an admitted ; equity and s matter of ab~olute sight to eaid Mortgsgee, ~ad ~ithout r~fer~nce to the adequacy or insdequacy of ~ tbe value of the property mortg~ged or to the eolvency or insolvency of ~aid Mortgagor or the defendanta Such rente~ pro6ts~ income, i~ues, and revenues ahall be applie~l by such reoeiver aooording to tbe lien of thi`s mortgage ; d. ~ and t6e practice of euch oouet. In the event of any deisult on the pert of the Mortgagor hereunder, the Mortgagor ~ ~reea to p~y to tbe biortgagee on demand as s reasonable monthly reatat for the pr~mises an amount at leaat ~ equivalent to on~-twelfth (~s) of the ag~regate of the twelve monthly installments payable in the then current q year plus the actual amount of the snnual taues, siaseesments, trater ratea, and insuranoe premiums for euch year ~ not oovered by the aforeaaid monthly pe?ymenta. ~ 10. In ihe event of anq breach of this mortgage or default on the pert of the 1liortgagor,.or in the event that any a~ eaid sums of money herein referred to be not promptly and f~illy paid according to the tenor hereof, or in the ~ event that each sad every the stipulations, agreemente~ conditions, and oovenants of said note and this mortgage, are not duly, pmmptly, aad fully performed; then in either or any such event, the said aggregate sum mentioned in asid note then remasning unpaid, writh interest accrued to that time, and all moneys eecured hereby, shall become due and p~yable fort6with, or thereafter~ at the option of aaid Mortgagee, as fully and completel~ as if ell of the said sums of money aere ori~inally stipulated to be paid on sucli day, anyLhing ~n said note or in this mortgage to the oontrary notwithstanding; sad thereupon or therea[ter, at the option of said l~iortgagee, a~fhont notice or demand, suit st law or in equity, may be prosecuted as if all moneys ~ecured hereby had matured prior to its institu- tion. The ~iortgagee may forecloee this mortgage, as to the awount eo declared due end payable, and the said premises ahall be sold to satisfy and pay the same together with costs, expenses, and allowances. In case of partial foreclosure of this mortgage, the mortgaged premises ahall be eold subject to the oontinuing lien of this mortgn~;e for the amount of the debt not thea due and unpaid. In such caee the pm~-isiona of thia paragraph may again be ~ sveiled of thereafter tmm time to time by the Aiortgagee. ~ I 1. Na ~vaiver of any oovenant herein or of the obligation aecured hereby ahall At any time thereatter be held tp be s waiver of the terma hereof or of the note eecured hereby. . ~ 12. The lien of this instrument ahall remain in full forc~e and effect during stny poetponement or extenaion of tbe time of payment of the indebtednees or any psrt thereof eecured hereby. ~ l3. If the Mortgagor default in any of the oovennnts or agreementa contained herein, or in said note~ then the ~ Mortgagee may per(orm the eame, and all expenditures (including re.a.gonable attorney's fees) made by the Mort~~ee ~ in so do~n s}~all draw interest at the rate rovided for in the nnci nl indebtedness, and shall be m able ~`y thirt? (30j days after demand, snd, togetpher with interost snd costs socrued tLereon, sL~?ll be secui«i by ~ ~ this mortgage. 14. LTpon the request of the Mortgagee the Mortgagor ahnll execute and deliver s eupplemental sota sr ~y: notcs for the sum or sums ad~ anced by t6e ~tortgagee for the e~lteration, modcrnization, improrcmcnt, r:~ain- tenance, or rnpair of said premises, for taxes or as~essments against the same and for any other purjwse author- ized hereunder. Said note or notes shall be secured hereby on s parity ~vith and u fully as if the ad.•snce ~ e~ idrnced thereby w ere incluJed in the note first described above. Said snpplemental note or notcs si~ell bear V interest at the nte pm~ided for in the principal indebtedness and shaU be payable in e?pprosimatcl~ eqi~al ` mor.thiy pa~ ments for such period as may be asreed upon by the creditoc and debtor. Failin~; to a~;rec on thc maturity, tf~e K-hole of ti?e sum or sums so ad~anced shall be cliie and pa~•nhlc thirt,~ (30) da~•s att~r ~lrn~an~l F+ ~ b~ the crcditar. In no e~ent sb~lt tLe maturity ex4:,nd F~c3•ond tha ulliu~ate rsaturity ot iLe n~?le Iirst ~ described above. ~ gooK ~8 FA~~ 2445 ~y - - - - - ~ ~ _~~~:_~.Y ~ ~ . _ - '~'~s~ -