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Home My WebLink About0563 ~ ' tender to the Mortgsgee in accord~t?c.e with the:~e~eions o[ tl~e uote secured 1?ercb~. ftill pu~'ment o! the ' entire indebtedness represented thereb~•~ the Mortgsgee~ ~s truatee~ aha11~ in oompuling tlie a~uount ot such ± ind$btedneas~ credit to the sccount oi the r4ortgagor euiy credi~ bsle?nae rrmaining under th~? pmvisions of (s) ~ ot said nph 2. I[ there ahall be a det~ult under tay ot the provisions of thia uiortga~e resu1tinR u~ ~ ~ public sal~ the premises coveird hereby~ or ii the Mortgagee ~cquires the Propert~ otherwiae ~?[ter default. ~ the Mortg~gee~ ~ trustee~ shsU ~pply, at the time oi the commencement of such proceedin8s or at tl~ ~t ~ 2 ~ the p r opert~ is otherwisr: acquired, the ~mount then Fem~inin to credit ot Morigagor under (s) ot purag p, precediag ~a s credit oa the interest ~ccrued snd unpaid iuud ~e bal~n~e to tl?e principAl then reuiaiuing unpei d ~ on said note. 4. He will puy atl teuces~ aeeeeement0. wster rstes, and otLetr ~o~a~rnmeatal or munidpal oLurg~s, fines. ot ` impoeitiom, for ~vhich proviaion haa no~ been m~de hereinbetore, and m deiwlt thereot tt~e Mortgpgee msY P4Y ~ ~ ~e; ~nd t,h~ be will promPtly de~iver the og'ici~l reoeigta tLeretor t~o tha Mortg~ea. ~ b. He wtll permit, commit, or suffer no waete, impslrment, or deterloratton a[ e~id p~+o~etty a~ sny ~psrt tLereof ~ eucept reaeonable ~rear and t~ear• snd in t~r av~ent-oE tbe failure of tLe M~,goe to keep the buildinge on e~i~ ts t6ereo~n. ~u t~ood repm~r ihe Mortgasee au?.Y p`emises e~ad thoee to be ereetec~ on e~[d presnieea ot ~ t~~ ~ ti ~ and e~ver~? euch p4yment e~6a11 bs~dne aod pyrabk ftLit~l (30~d~ya at~da~~d, ~ ~ tLe liea of t6is morta~e. - ; 6. He ~rill p~y all aad eln~ular tLe eoata, ~nd eatP~ inalu~n~ ~~e Lwyer's f~es,~ s~nd ooets ~ ot ~?betr~cts of title, iacurred or paid sti ~r t,ime l~y tbe Mo~,agee becsuee of the fatlure aa the part of tbe Mort~agor ai ~~y ~ f„~ ~ p~~o~ ~~e~nents aad oovenan~s d eaid pro~y note and t6is mo , snd eaid ~t8~. ~~Pe~ ~ bs immediste~ dus und pa,yabb and ehsll be ~e~ed by tbe l~ ~ mortg~e. T. He ~ ountinuone~ msinta~n Lassrd ~aoe, ot such t~pe or~t~pes snd smmmts ss Mortgsgee ma~ 't inom time to time reqairs, on ihs ianprovementa aow ar ~fter on said ~ad esoept whea payment tor a,U such premiums Las t~heretofore been msde m~der.(~? ;~f P~t~ge'a~h ~~1 P~4Y Promptly ~vheu due an~ premiums tbaraior. AIl iffiuranoe s6all be ~ m oomp~aties sPP~'ov~ b! M~~ wd tLe pol~ cies snd. rcnewals thereof ahall be held by Mortgages aad lu?vs attacLed tLsi+eto besp a-cTauses ia iavor of snd in form sooeptable to the M In event ai loes he will give immediate a~i'~oe~~bhy,~ to~M~ ; aad Mortgagee ma~ maka,proo~ ii nut made pa~+omP~i 7~ b°~°e4 d~~e+ec to M instead of t oon~ernod is Lereb autLonr~ed and directed t~o maka piU?men or tLet+e~~me~y be aQ~ p 7ied by Morw ern and ti?e i~ranoe prooeeds, a~J? ParC ~ to Mortgagor snd ~origagee joint~j. . ~ ar t~o t~e reet~oratwn or repair of ~sgee at ita opti~n e~~hear t~ the rednctwn oi t~s indeb~eB~ ~T °r~' t~e propert,~ d~ In eventi of torec3osurs at tbis a~ortgag~e~_oe otLea~ ~~~~t f tb l~ rt6~ ~ ~p~> >n t of the ' ~eanred Le~+eb~7s righ~, ~le. t s ortgagor ~ m aad to an, ineuranos policie~ tLen ia foroa ~Lall p~~s tp ths p~u+o~tee ae ~aat~ee~. j 8. 1~ the premiees, or snc p~t tiKreoE, be eondemned m~der the power o~ tminent douuin or scguuccl for ~ s public ~ee, tllP a~1111~~ swarded, ~l~e prooeedr for thet~n~ oi or t,Le comdderation for surb acqur~?tion~ to ad the extent ot the full smount oi the reniaining tuipoid ~ndebte~nees secnrnd bS this nlon8~t'', an' liercb~ ssaigaed to tlie Mortgagee, snd his 6eiis or aesigns, and shall be p~d forihw~th to said Mortga~cr or lus ee to be applied on account of the l~st maturmg instsllments oi such iadebtedneas; pmvideci, Ito~rcver, t.h~ortgagee or his ~esi~?ee, ~nsy at. his disaretion p~?~ direct to tl~e Mortgagor, his }u~us or assigns an~ parr ~ or all ot such sv? ud; provided, thst iE the ban ~ guarautced or msured, tl~ ~~esat oI the ~w'u?tor °r insurer is obta?ined in adrance of ssid pu~nent~. ~ S. ~e Mortgsgee msy, s! any ~ime p~ s a~ upo~ t1~ia nno~t6p~ey sP~ Eo tbe ~oqtrt Lsving juciediction ~ thereof for the sppointmeat of a reodver, aad wch ~omt abaIl fort6wtth appoint a reoeiver e~ tbe premiees oovered ~ herebY all s~d ain6u~r, including aII snd ~uLt tbe Pe~o~'ita, iee~~ea, aad revenues from whatever eouroe derived, esch snd every of which, ~t be~ing e:preestY n~d~, is h~e1~9 sPedficaAq set forth end ~ deecdbed in the 6ranting aad habendum elsne~s Lereof. 8nt~sp~n ~t ehaIl be mule by euch oourt as an a~lmitted ~ i eqnity sad s matter of abeoluts iight i~o sdd Mat~l~ee, and wit~out nfezeaoe to tbe sdeqnsay or tnadeqw?cy of ' the value of the proPertY mortB~~ed +oe to the ~d~acy oe i$eoive~a~r ef said Matg~goe o~ tbe ddendanta. ~ch $ ~ rents. Prafits+ income, iesues, aad teveaues tball bs by eueh reoe~v~er aoeo~ding to the lien of this mortgage ; aad the prsctioe of sueh oouui~.~ In tbe eveat of atqr d~ a~ tLe af tLe Ma~t~gae Le~under, the Mortgagor ~ a8c'eee to Pe?Y to the Mo on dmo~?nd t~s ~ t~aso~sbie mont~rental tar the pre~miees aa ~mount at leaat ~ equivsleat. to one-twelfth s) o# ~6S ~~+e~?~~~~ ~~~~~~~~~uma for such year ~ year plus the actusl amount d the sna vd not oovered by tLe aioreesid montLl~ pqymeata. ~ 10. In the event oi aay breach a~ t~ mot~e a~~ P~ ~~~~:-O? ~~~t thst aay of eaid eume of money Lereia referred to be not pz~a~np?7y and fully psid sooording to the teaor hereof, or in the etr~nt that ee?cL snd eveq? the sNpul~tione, ~+eemeat0. 00~~ ~?nd ~ovenenta of eaid note and this mortgage, ~ are not dulY. P~P~. ~ f~'9 P~~r~; ~ ia dthez ee an~ eneh eveat, the esid aggre~ats aum mentioned ~ in esid note tLen t+emainina tmpsid, ~th inter~tt ~arued to tbat titnc, and all moneya sectued hereUy, ahsll become ~ dne snd psysble forthwith, or ~?fter st the option of eeid Mortg~gee, aa fully and oompletely-as if all of the ~ esid sums of money ~vere ori~¢n~ily atipu~ated to be pa[d on snch dsy, anyiLing ia eaid aote or in this mortgage to ~ the contrary notwit~standm8; ~~P~ a~~, ~~~~°n °f eaid Mortgagee' a'ithout nocice or ' demsnd~ suit st lsw or in equit~, msy be p~+oeecuted aa ff sII n~y~ ~ b~b3' ~~t~ prior to its institu- tion. The Mortgngee msY loredc~ee this mottga8'es ae to the amo~nt ~ aec~ar~d due an'd Payable, and the s~id premiees ahall be sold to e~e?tisfY and pnY tLe ~me together ~vlth ooate, e~cpenses, and allowances. In case of partisl foreclosure of thie mortgage, the mo~t8~~ed~ ebau be so2d subl~t to t~e oontinuing lien of thia mortgage for the amount of the.debt not then due and unpaid: In sueh ca~e the Provisio~ of this ParagraPb msY ~8~"n be ~ svailed of thereaiter from time to time by tl~e biottg~gee. 11. No wniver of any o~vensnt hecein or aE the obligation secured hereby tball at say time thereaiter be held ~ to be ~vaiver of the term~s hereo~ oe o# the aote secured hereby. ~ ' 12. The lien of tbis i~tnmuent sLall resnaia in full foroe aad e6ect durin6 ~9 P~Ponennent or extenaion oi ~ tbe time of paym~ent of tbe indebtedaees ee aay pst! thereot secured Lereby. - ~ 13. If the Mortg¢gor defsult in sa~? of the oovensata or a~mentt+ contsined herein, o~' in eaid note, then the ~ Mortgagee msy pedorm tbe esme, and aIl espenditwrea C~ncludin8 r~eo~able attorne3?'s feea) made by the Mort,~aRee ~ in eo doin ehsll drnw interest at the rsteprovided for in the principal indebtednces, and shall be mpa~•sble thirty (30~ dsya after demand, and, together ~rith intert~sL an~d oosta aocrued thereon, aLall be secured bp tb.is mortgage. - 14. Upoa the request oi the Motgagee th~ Mo~r sbaD ezecute sad deliver s supplemental note or notes for. the aum or suma sdvanced by tbe Mortgag~a- for tLe alte~e?tion, a?oderniLation, improvement, main- tensnce, or repsir of aaid premises, for taxea or asEeesments agaiast the ssme and far e~ny other purpose autl~or- ized hereunder. Said notie os notes sball be ~acured hereby oa a parity with snd sa fully as ~f the ad~ ance evidenced thereby wrere inctuded in the note Srat d~xibed sbove. Said aup ple~nnentt411 note or notea shall bcar interest st the rate pmvided ior ia the principal indebtadnees aad ahsll bepa yable in approximntcl3 cqual monthly p4ymenta for auch period as may be ~greed upon by the creditor and debtor. Fail'u~ to agrcc on the maturity, the wbole of the aum or aums s~ sdvanced shall be due and pa~~able thiriy (30) da~s after ~lcrosnd by the cred~tor. 1n no eoeno ~aii ct~ macuMcy e~c~d beyoad eet?.e utc;ma~e ~cu~icy oc we n~~e deacribed sbo~a . ~~r~ ~~+e~ 60Qi~ 4Ve7 PACE Jlw ~ ; s } ~ . .~~s;.~~~~_,`~