The URL can be used to link to this page

Home My WebLink About1122 - . ' ~ • t tender to the Mortgages in tocordu~c~e with tha provision oi tl~e note secured Iierebr, tull p~emen` o! the ` antire indebtednees repre8ented thereb~, the Mqttgageg +s troatee, ahall~ in contpuling ilie a~uount oI suclt ~ indebt~ednees~ credi~ to the ~ccouat ot t~?e Mort~gor suy cradit ba1sY?oe reraau?in8 undcr tlu~ pioviaiona oi (a) l oi s~id ph Z. It there ahaU be ~ delault under taf ot tlis proviuiona ot this iuortgs~e resulting in s ~ s~ public snlle o!hg prEmises covered hereby, or if the Mortg~gee ucquires the proPertr ot}~env~se ~iter dotault~ the Mortg~gee~ aa t.nmtre, ahsll apply, at ths time of the corruaenament oi such proceedings or at tlie timP ~ the properts is othenvise scquired, the amount then ~emaining to credit ot Moriga~or under (s) oi psragrepli.2 ~ preceding as e? eredi6 on ths interest uccrued ~?nd unpaid aud the balanc~e to tl~o principal thea reiwuiiag unpsid on said note. 4. He will p~y al1 taxes, ~eeee~ente, ~?ute~ rste0. snd ot6er ~orernnncntsl ar naa~oidP~l cl~a*~ee, 6nes. or impoeitione, for wLtch pcoviaton has not baea m~cie Lereinbefore, aad ia defwlt thereo~f tbe Morlg~gee m4Y P0.y ~ ~ that h~ ~iilt p~omPWr ~1€~r o8'ecta: rer~igt~ t~rsefar t~ ~ Mort~gagee. b. He wiU permit, oommit, or ~8er no w~sts, ianpairnneant, a~ ~t~eio~?tion of said p~ope~rty ae~~ p~~r0 thoreoi eaceept reaaone?ble wear aad tear• ~d in tbe eva~nt et tbe failure af the Mort~o~r to loeep ~~i~ing~e on pcennieee and thoee tio be erecte~ an ~aid pcemn~s~es, a~ impcv~vemo~ats t~Ceaa. ,a eaod risP~ir o~6~ Y .mnlce suc~ t~epaiis ~s ia its disecetion it aosy deem neoeeesry for tLe peoper pe~eeervstion thero~ and the full unouat ot ead? and ev~r~r wch py?maµt a6~ll ba due and p~,y~?bb thirt~? (~0) d~,ys afLet d~m~a~d, ~ dvll be eeeu~rod by tLe liea of t1,~s mort;~a. L~~,a f arnd oosta Q. He w~l p~y all and sin~lar tbs oost0. ai sbetracts ot title, incurred ~ paid ~t sny t3me b~ostaaBee ba~auee of the failure on the part of the ort~ag~ot P'~P~Y ~ f,~y to perform the aareeoueata aad oovenaats ef eaid promie~ory note sad thia mo~~ ~ad aaid ~Srges, an~ e~cP~aees d~11 be immediate~ dne and p~ysb~e ~ci ehali be secured by the liea of mortgeae. T. He w~71 oontinuone~ m~intain hwrd iasmcaaoe, oi such t~pe ortypes snd amc?nnts as Mortgagee ms~ from time to time require, on the improvements now or L~sreatter on eaid pnm?ses~ and exoept 1rLen psyment t~ premiums Las~ theretofore been msde uader (s oi p~g~aph 8 hereoi be will pay pr~mp~y w?Len due w~ pnmiums thereior. All insuranoe ehall be ~ in owonp~nyes aPProve~ by l~iotga~ee and tfie pol~ eaes aad renewab ~LereOi a6aU be held by Mortgsgee and h~??~a sttached tLereto bes p~able c~u~s m isvar af and in form sooeptable to t~e ~d Ia eoeni~ of foes aa wi1l gi~re ~ie iwt~ by,mail to'~'Iartgsgas, ~ aad Mortgages msy mate,proofa~u~iti noti msde prompt~j b~ Mortgsgor~ and e~h maw~a~ comP+?nY aonaernod ie hereb suthor~ed snd directed to maloe p~ymeat for ea~ch 1oe4 du+ect~y to M~~mstesd of origagor rtgagee j' i~ snd the insuranoe prooeeds, o~' ~Y P~`~ ~f ~4Y ~~pp '~9 ~or~ to 1~1 a~ its opiion eitLer to tbe ednction oi the iadebtedna+s hereb~ secured or to t~e ~c+eatoratwn or repair of tLe propert~ dama~ed. In eventi oi toa+ecioars et t~ia~ mo~ ~tL~~~ and int~~es0 of tLo Mor~tg~ p~opert,f in estingwstiment of the indebtednees secnred Lereb~, ~n ~1 to ~ insursnoe poli~cies 1Len ia io~+os e~ll psss io tba ptnrL~se~ o~ g~ran~ea 8. I[ tliepremiBes, or anr pai~t thereoi, be eondenu4ed mider the po~ver o! enunenb donuin or u~}uircci f~r s public uee, the damages s~?ardc~i, tl~e proceeds for the~k~g oi or ti?e considerstion ior sur~i uqu~ition~ to the estent of the iull amount oi ihp renuining unpsid iadebte~neee secnred b.r this niortga~r, aer l~eirb~ - assiRneci to tlie Morcgagee. and his heirs or aeaig~s, and sha11 be p~id forth~vith to said Mortga~e or lus ~~ee to be spplied on account of the lsat msturmg instaUmenta of auc.li indebLte~dril_e_as; pmvided, lto~eT~-e~r, 1L..~t..~w..w w~ ~'v ~mi~nm a?t~V p~ .I~rak~nr T?ar ~irMt tA f}1.A MOlf.~QO?~ 1li~ lic~ Or ~8$~~ ywa- fai~ lilVli~ cr vs saaa ~:+~:...:,y ~i r~-.. . or sll ot auc~ii aw ud; provided, thst it the ban is 6uaranteed or insured, the coi~asut ot the Suamntor or insurer is obtained in advence of wid pay~nent. - Tbe Mort~ee m~?y, st aa~ time Pendina a wit npan tLis mortgAae, spp~y to tbe ~o~nrt ~isvlna iurie~atian tl~ereof for tbe sppointmeat ef ~ r~eodver, and wch eeurt ehall iorthwith appoiat s ~eoeiver o[ tbe premisee oovered hereby aU a~id sinaub?r, includin~ all snd aingule?r tbe ~ne~ P~~, aud reveuues fmm ~vhstever eouroe derived, esch and every of whicb, it being a~pceesly ~nderatood, is hereby mortgaged as if apecifically eet forth swd deecdbed In the srantin~ and hsbeadum elansae hereof. Such~ppoin~nt ebsII be msde by such oaurt as an admitted equity snd s matter oi sbeolute right to eaid Mortg~ee, and witbout refer~noe to the adequaay or inadequacy ot tbe value of the property mortg,aged ~ to tbe solvency or ineolvency of aeud Mortgagor br t5e defendant8. Such tents, profit8, in~ome, ieeues, aad reveaues.sball bespplie~d by such reoeivet aoootding to t~e lien of this mortgage ~ and tLe practioe of such eouit.~ In tbe event of any deisult on thepe o~ the Mort~gor her~uader, the Mortgagar ~ agrees to pay to tLe Mo ori deme~nd as s reaeonsble monthly rental for the premisea an amount at lesat ~ equivalent to one~welfth of the~g~ te of the twelve mont6ly installmenta peysble in the thea current ~esr plna the e~ctusl amount of the snnual taxee, aee~cneats, t?a?ter sa?tea, and insusance gtemiuma for sucL ye~r aot oovered by the storeasid montLiy poymenta. ~ 10. In the ~vent of any brea?ch of t~his mortgage or default on the psrt of tLe Mort~agor,.or in tLe event that ~ay of esid ~ma of money herein referred to be not promptly snd f~illyp~ daccord~'ng to the tenor hereof, or in the event that esch snd every the atipiilaUon$, agreements, eonditaomy and oove.nsnta of eaid note and this mort8a6e. ar~ aot dulY~ PT~PtIy, snd fully performed; then in either or sn~r auch event, the eaid nggregate aum mentioned in eaid note then remaimng unpaid~ ~vith interest nccrued to that time, and all moneya eecured hereby, shall become due and psyabk forthwith, or thereafter, st the option of eaid Mortg~agee, sa fully and oompletely as if all of the aaid sume of money were origlnally stipulated to be peid oa such dsy, anyLhing in aaid note or in this mortga~e to the oontrary notwithstanding; snd thereupon or thereafter, st the option of eaid Mortga~ee, ~vithout notice or demsnd~ euit st larv or in equity, may be praeecuted as if all moneya eecured hereby had matured prior to its inatitu- tion. The Mortgagee msy forecioee this mortgage, as to the amount eo deciat+eci due and payable~ snd the said pcemises ahaU be eold to satisfy and psy tbe same together ~rith c~oata,.e~pea~ee, s?nd allovPancee. In case of partial foreclosure of this mortgage, the mortgaged premieea ehall be eold 8ubject to the oontinuiag lien of this morta~e for the s?mount af the debt not then due and unpnid: In sucb caee ~be provisiona of t,bis parag~raph msy ~?gsin be ~vailed d t6ere~?ftkr from time to time by the,iortgagee. ~ 11. No watver o~ ~ny ooveflant berein or of the obligation eeetu~ed hereby ebaII ~?t aap time there~?fter be beld to be s Raiver of tLe terms hereof ar oi tbe nQte eecured hereby. ']2. The Uen of tbia inetrument shall rennsin in full forae and eSect during a~ poetpoaCment or e~cteneion ef ~e time of psyment of the indebtedaees ot any pe~t thereof secured hereby. 13. It the l~ortgsgor defsult in any o# the oovensnta or agr~nents oontained herein, or in esid note, U~en tbe - ~ ~Ilortg~ee nuay perform the same, and all Gspenditnree (including rEaeonable attorney'e feea) made by the Mort~aRee in so dom ahall drsw interest at the rste provided for in the principal indebtedness, snd ahall be repaysbla thirty (30~ days atter demand, and, together with interos~ snd coets aocrued thereon, shall be secur~d b~ ~is ~nortga~o. - - 14. Upon the request of the Mottgagee the Mortgagor sbaII eacecute snd detiver s aupplemcntal ~te ~r ~otes for the sum or sums advanced by tlie biortgsgee for the sltention, modernizstion, improvcment, ~wain- tensnce, or repair oi aeid premises, for taaes or as~essments agsinsti tha same and for any other purpose suthor- iaed hereunder. Ssid note or notes shall be eecured hereby on a panty vvith snd as fully aa ~f the advance evidenced thereby ~vere included in the note Srst described sbove. Said aupplemental note or notes ahall be,~r interest at the nte provided !or in the principal indebtednes~ and ahall bepa yable in sppro!cimntel~~ equai monthly pay=ments tor such period as may be aareed upon by the creditor snd debtor. Failing to agrcc on the _ mAturity, the v?hole oi the sum or sums so ad~anced ahall be due and pa~able tt~irty (30} days a[ter dem~nd by the creditur. Ia no svent shsll t,he maturity extend be~ond the ultimste rawturity of tLe note fire6 described ~bove. ~~QK f~lG~,~i~, -4 „ . ° ~y ~ . ~ , ~ ~ - - c . ~ ~ , _w zf~_~ . _ _ ~ ~ t.