HomeMy WebLinkAbout2852 ~
, i
1
. 1
- - • ~
~
such default are hereby asaigned to the Mort $a~ $e~ as further security for the ~
~d ~rtf ~lie ~~~t~e~latee~d+j3e81~d ~6djr;'~~d`+tNitr'i~8r~~a~~t! "~`~f1io •dfi~b:iiseas,
by ~lhe *twia?b t~~y ~p~e~fei,~i4~"~2fn~~enti~l~f~i~f1~~~le ~'~Qf ~a~
+~a~ ~~tfN lbtR~ed':•s ~YUlu~nls s ~ stc~i?nl tlaci~ is ts sYc 4:i~ t:a~~~~~
. z ~~n~• sc~~ y~v,i~riw e-i~t~+o~ fis ~tE~^•ir~;qa ~.i ~ ::~,ie
(b In the event that the rtga~or occupiea t a n~ort p~~C~,,~ o~ , ~
any paY~ Ni~e~f; at}ie'~tio'i~o~t~c~it8 r~t1~ ~s~ s~',~rd~i~cty s ,
to the Mortgagee inned iaEi~ ta'lt~i''9IN~? ~~~d~`~'J~it r, °a~ i~~ tA'e'~''
Nortgagor reoains i~ poesession after such default, such possessioa shall be ~
as a tenaat of the i~rtgagee. and the Mortgagor shall pay in advance, upon ~
deraand by the I~lortgagee, as a reasonable monthly rental for the premiaes occu- ~
pied by the 1`brtgagor, an amount at lea~t equivalent to one•tvalfth of tbe ±
aggregate of th~ tvelve moathly installmenta payable in the current calendar ~
,.,y~,. plus the actwl amount of -the.-a~?ual grou~d rent, if suy, taxes, asNss- ~
ments, vater rates, other.goverrn~ental charges, and insuraace presivrs payable
in connection with the mortgaged property during auch year, and npon the failure
of the I~ortgagor to pay such monthly rental, the liortgagor ~say also be dispos-
sessed by the usual summary proc:eedings applicable to tenants. This covenaat
shall becane effective'io~ediately ifpon the hsppening of any such default, as
,~.,determined.in~the aole discretioa of the Zbrtgagee, ~rho ahall give aotice of
auch deterncination to the lbrtgagor; and in the case of foreclosure arnl the
appointment of a receiver of the rents, the Within coveasnt ahall inure to the E
benefit of such•receiver. ~ ~
14. The Hortgagee in ar.y action to :oreclose this Mortgage ahall be entitled ~
to the appoint~ent of a re~eiver Without nfltice, as a oatter of right-and vithout
regerd to the yulue of the morrgaged property, or the sol~•eacy or insolveacy of
the Hortgagor or other party l~able for the payment of ti~e Nate and other in-
debtedness aeCured by this Abrtgage.
15. The Y.ortg~got, kittiin en (10) d~ys upoa request ia person or vithin ~
twent}• (20) days upon re'qL•e~~ by ra~~?, vill furnish promptly a trritten state~ent :
in for~ satisfactory to the i~lortga~ep, signed by the Mortgagor acd duly ack~aw- j
ledge~i, u` ~h¢. #moutir :then rn+ing on the Note and other indebtedness aecuired by (
this Mort~a~e, and whether any offsets or defenses exist against such indebtedness ~
or any part thereof.
, ~ =16. ltie Mortgagur will give i~:adiate notice by register.ed or certified mail to
the Mortgagee of any fir~, damage or other casu.zlty affecting the mortgaged
property, or of any con~eyar.ce, ~~~n3fer or change in awnership of such property,
or a~y part thcreof.
. 17. Notice and deman~i ~•r r~c,ues~ ~ay ~e made in writin~ a_~d may be served in
person'or by m+til. - ~
28. Ir case of a f~r~cluQure sal~ o~ the uwrtgeqed property, ir. may be sold
in one parcel.
('ti , _ . ' . '
19. The Mortragor t~ill not assign the rents, ir any, 3r. w1~olp or in i~art, from
the mor[Fagecl property, or an~ par[ thereof, Withaut the pri~r wrirten consenr.
of tlie *!ort~agee.
20. Tl~e ttortgagor is laWt~~lly seized of the ti1~r~.y;aRcc) property aiKl ~~T.^• g~nd
right,~ ~uYl po~*er and l~~ful avthority to sell arr] cnnvey thP samP in the ~nar+ner i
above pr~vi~le=1.;.. and Wi l t varrant and defend the same ro t hP tk•r+ ragep Corever
against the law'ful ciaims .~~id deu?ands of any and sll parriec s::~at -oever.
21. Tiie Mortga~br her¢by watves the benefit of r+11 l~omestead eYemptions as to
the de~t sec4;ed:by this Mort~,age and ae to any ~xpenditure for insuraaces,
taxes,:~vies,,assessments, dues or chargea incurred by the Mortgagee putsuant
_ to'any provi,sion.of this Morr.gage.
.
22. This Mortgap,e and all the covenants, agreements, terms and conditions
herefn contained shall be binding upon and inure to the benefit of the Mortgagor
and the heirs, legal representatives and assigns of the Mortgagor, aad, to the
extent pennitted by law, every subsequent amer of the mortgaged property, and :
shall be binding upon and inure to the beaefit of the Mortgagee acd it8 assigns. ~
If the t~brtgagor, as defined herein,auneists of two or more partiea, tbis
Mortgage shall conatitute a grant and mortgage by all of them jointly and
severallq, and they shall be obligated jointly aad severally under all the pro-
viaions hereof and under the ;Iote. The xord 'Mortgagee" ehall include any
f•i' f~' . ~+~t: '
- 6 - BOOK~~~?~ PACE(.05~
_ _ rp~~,~~~ - _
; j~
~~~4~