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Home My WebLink About0678 tander to ths Mortgsgce tu ~rd~n~s wI~? t}~e.Provruo~e o[ tl?e note secur~d hereb;c~ fuA pa~n1ent ot the entire indebtednesa repre8en~ed therebv~ the Morcgagee, as trustee, shall, ia canpuling tl~e tinount oI auclt indebtedneas, credi~ to the ~ccount of the riortgagor any credil bala?nce remsining undcr tli~? pro~ i~ions ot (a) ot s~id p ph 2. It there shall be a deiault under ~tny o[ tl~e proviaioua ot th~s iuortga~e rnsulting in a public sale~the pren~ises covered hereby~ or it the Mortgagee ucquirea the proPert~ otl~erwise aftec default, the Mortgagee~ as tnmtee~ shall apply, at the time of the co~runencement of euch proceedings or at, tl~~t ~n2 the properts is otherwise scquired, the amount then ~+emainiug to credit o[ Mortgagor under (a) o[ parag p, precediag aa a cn~dit, on t!~ intereat ~?ccrued uid aApaid and tt~ bulonc~e to tLe p~incipal thea rel~u~iuing unpaid on said noce. 4. He will pyr all texc0. ae~e~n~ts, wate~r rates, and otbee ~orernmentsl or mudcipsl cbarg~ fnes. o! impoaitions, !or wbich provieion Laa not beea made bereinbefore, e?nd in default ::.•c~eof the Mott$ege~e ~Y Pa?Y ~ same; ~nd tbat Le will pcomptly ckliver the o8'icial reeeipte tberefor to tLe Mortgagee. b. He will peranit, oommit, os suBer no waate, impsirmeat, or deterioration of eaid property a~ sny psrt tbereof a~ept t+e~nable wear and tear• and ia We event ot the iWure of tbe Morl~p~or to keep the buildiags on eaic~ permieee and tLoee to be e~octs~ on a~d p~ei~. o~ ~P~?ve~nents 1Lc:~on~ ,a ~ud r~p~r the Mo~r~gagee maY malce ~ucL repairs aa in its diecretioa it m~y deem neoe~arY far the P~P~ Pr~eervstion thereo~ a~i the full e?mount ot each aad every such p~yment eh~ll be due wd pyrabla thirty (30) d+4Ys after demand, a~ ~hsU be secured 4,y tbe liea of thid mortgage. Q. He will pay all an~ ein~ulae tbe ooets, snd e~Peaees, iacludina reaaonsble Iswyer's ieee, snd ooeta of abetr~cts of titk, incurred or paid ~ti aay time b~ y~ort;age~ becauee d the failure on the part of the Mort~agor P'~PUY aad i to pedorm the a~enta and oovennnta af e~id ~?*~nniseorY note uad this mort~e, and eaid ~t8'~, ~~P~ eh~ll be ianauedis?te~j? dua aad paysW~e snd s~hsll be sec~u~ed by the liea of tbis nnortgi+ge. 7. He w~l oontinuoue~j msintsin Laurd 'msur~noe, of such type or types anc~ amounta e?a ~Iortgagee may irom time to time require, on tLe impnovemeata now or Lenaft~er on s~id p aad e~cccpt ~Len p~?yment tor all such premiums h~a theretofora been m~de undet (s oi ~P~nSe'~~h 2 here~ ~vill psy prompt1 y~ when due aq~ pnmiuma therefor. All insur:noe shall be ce?r:i~ ia c~mpanies sPPmve~ bp 11io~ga~ee and the po4'- eies snd renewais thereoi shall be held by Mortgsgee wnd have ~ttached thereto Ic~e payab~e cu?uses in i~vor o~ snd in form sooeptable to tLe Mo In event of loaq Le ~vill give immediste notice by mail to I?iortgsgee, and Mortgagee m~y m~ke,prooi~to oes if not made promptly by Mortgagor~ aad es?ch msuranoe,aompany aoncerned is hereby~tuthonsed and directed to make psymeat for auch loes du~e~ctt~ to Mortt~a~ee ~nstead o~ b Mortgsgor and Mortgsgee 'ointly, and tbe insuranoe prooeeds, or anY Part the'~e'f may be app7ied by Mortr ~sgee a~ its opLion either to ~e reduction of the indsbt~dne~es hereby secured or to t~e restorstion or repair of tbe property d~msged. In event of foreclosurs of this mo~~e,~ or other tr~wsfer of title to the mortgaged propertj m ex4ngu~shment of the indebtednees securod hee+eby, all iight, titla, and iateresti oi the Mart8~8'~ m~nd tio aq~ imur~?ncs policiee t~hen ia foroe eLa11 pe9s to the purcbaser ar Scantee. 8. 1[ the premises, or sn~ pari tliereof, be condenmed nndec ~he po~er ot enunenL doniain or ac~uircd fer a public uee, tlie dauiages arvarded, tl?e proceeda fos the ~ot or the considcration tor sur~, acqun~ition~ t• the extent of the full amount of the remaining unpaid inde te~nees eecun~d b~ this mor~gs~r, arr ~ienb~ assigneci to tlie Mortgagee, and his heira or asaigns, and shail be paid lorthw?ith to said Mortg~;ce or lua ass nee ta be applied on account of the lsa~ inaturing insl.ellments of eucL iadebtedness; provided, l?owe~~r, the~ortgagee or his s9ai~nee, msy at~ his diecretion par direct to the Mortgagor, his l~eiis or assigns anr puL or all oi such sw~ard; provided, that the loan is buaranleed a' insured, tl~e coneent ot t1?e gunra°t°r or insurer iB obt,ained in uivance oi ea~d psy~nen~ 9. Tbe Mort~ag~ee msy, st sny time pendin6 s snit npon t~ia mortg~ge, apply to tLe ~ourt ha~Ing;urfr~ctian tl~ercot for the sppuintment of a reoeiver, and such eovrt e6sll forthwit,h appoint s rece~ver of the pr~mises oovered hereby all arid einguls+r, includina t11 and angulsr tbe inoume, profita, iasues, and revenues fmm whatever eouroe derived, each and every of whicb, it being racp~~e9sly undezstoad, is hereby mortgaged ss it epeci6call} eet fort~ aud deecribed in the 6ranting and hehendum clauses her~of. Such appointment s6sIl be made by such court as en admitted equity and s mutter of absolul,e righ~ to eaid Mort$s~, ~nd ~Wout reference to the adequacy or inadequscy of ~be ~slue of the property nnortgaged ~s to the solvency or in~lvency of eaid Mortg,egor or t,~e defendsnts. Such I ~ents, profits, income, iesues, atnd revenues ahalt be spplierl by auch receiver aecording to the lien of t6is mortgage ~ sad the pracUoe of auch court. ~ In the event of sny default on the ~ of the l~iortgsgor hereunder, the Mortga6or sgr~ea to pay to the I~iortgegee on demand as s reaeonsble mont ly rental for the pmmiee.s an amount at lesat equivalent to one-twelfth (~Y) of the ag~+eBete of the t~velve monthly installments payable in the thsn current ~ year plua the :?ctusl amount of the annual taxes, ~smenls, ~?ater ratea, and insurance P~miums for such yesr not o~v~.eed by the aforesaid monthly paymenta. ~ lO.In t6e event of sny br~sch of this mortgage o~r defsult on the part of the 1liorfgagor,_or in t~e event t}u?t - snp of eaid eums of money herein refen~ed to be not promptly and fully paid accord'u~g to ~he tenor hereof, or in the event t6at each snd every the atipulations, agreements, oonditione, and oove_nants of esid note and this mortgage, are not duly, promptly, snd fully pedormed; t6en in e~thzr or sny ~ch event, the esid aggregate sum mentioned in said note thgn remaimng unpaid, w~ith interest aecrued to that time, and all moneya secured hereby, shall become due and payabk fort,hwith, or thereafter, at the option of aaid 1liortg~gee~ as fully snd completrl~ as if all of the said auma of money ~vere originally stipulated to be paid on such dsy, anyLhing in said note or in this mortgnge to the oontrary notw~ithstanding; aad thereupon or thematter, at the option of Baid l~iortgaaee, a-ithout notice or demand~ suit at la~r or in equity, may be proeecuted as if all moneys eecured hereby had mutured p»or to its institu- tion. The l~iortgngee may forecloee this mortgage, as to the amount eo declared due snd payable~ and the gaid premises shall be so:d to sat5sfy anu pay the aame together with costs, eupenses, and alloaances. In case of partial foreclo~ure of thia -~:ortgage, the mortgaged premises shall be eold subject to the oontinuing lien oi this mortg~e !or the amount n[ *he debt not then due and unpaid. In such csse the pmvisiona of t6ia paragraph may again be svailed of theree~fter from time to time by the ~iortgagee. ] l. No ~vsiver of any oovenant herein or of the obligation eecured bereby ahall st say time thereaiter be beld to t,e s~vsuver of t6e terma hereof or oi tbe note eecured hereby. " l2. Tbe lien flf tbis inskrument ehall remain in full foroe and efFect during anp postpooement or eatcneion o~ ~ the L'me af payment of the indebt.ednees or any pert t6ereoi eecured hereby. ~ 13. If the l?Rortgagor delsult in any of the oovenanta or a~reementa oontained herein, or in enid note, then tbe ~?~iort,ga~ee m~y pettorm the eame, snd all e:pendituree (including rea9onabte attorney's feee) made by the Mortga~ee ~ in so do~ng ahajl draw interest st the rate provided for ~n the principal indebtedne9s, tnd shall be repayable thirty (30) daya s[ter demanJ, snJ, togetLer with interes6 and costa aocrued tLereon, ahaU be secured by this mortgae~. 14. Upon the requeet of the Mortgagee the Mortgagor ahall eacecute and deliver s supplem~nf,ai peG ~r notc$ for the sum or 8ums ad~ anced by the 1ltortge.gee for the altentan, modernization, improrcment, r~ain- tPnance, or repair ot aaid premises, for. tares or a~essment,s against Lhe same and ior ~wy other purpose author- iued hereunder. Said note or notes shall be eecured hereby on a pariLy with and ss fully as ~f the uirawce e~ idenceti thereby were included in the note first descriLed above. Said aupplementnl note or notes shall ~d~r interest at t6e rate prorided for in the principal indebtednc~s and shall bepn yable in ap prasimaLcls equal monthly p~~•meni_s for such pcriod as may be a.greed upon bti the creditor and debtor. F~ilin~ to xgrc~ on ~hc m»Lurity, tf~e w-hole of the sum or sums so ad~~anced shaU be due and pa}~able tftiirty (30) da~~s a(:er dcm~nd by the cr~ditor. In no even6 shsll tLe nriatutity exteud ?x3~ond lLe ultimate rsaturity of tLe noze firsc described sbove. aooK z~ vacf s~$ , ~ ~r~~~~ . ~y,,. s;,~-r ~~.x,~ - ~ - . ~ ~'°^z ~ ~ , _ e. : , - _ ,