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Home My WebLink About2082 tend~ to tl,s Mortgsgee in aa+orasnce with the pro~yo~m at tl~e ~ote secured 1«reb~, tuII p~~ment ot tha entire indebtedneas npreaented therebv~ ihe 1liortgsgee~ as trustee~ shaU~ ia computing U~e amount ot eucli indebtedness~ cndit to the ~ccount o[ the Mortgegor tu~y credil balsace remaining undec tl~e'pra~isiona ot (a) of a~id parrign?ph 2. I[ there ah~il be a defaWt under tny ot tlie pmvisions ot tl?is iuortga~e resuyting ui a public sale oI the prem~es covered hereby, or J tha Mortgagee acquires the propent otl~erw~ise ulter dofault, the Mortgagee~ ~s trostee, sh~?ll spply, st tha time of the c,o~runencement of euch procecdinga or at tl~e timP the propens ~s othprwise ecquired, the smount then ~emaining to credit o[ Mortgugor under (a) of paragrapl~ 2 prccrding as a credit on lhe in~ereat accrued and unpaid and the bal~ace to tL~ priucipal then re~uaiuing unpaid on ea~ note. 4. Ha will p~r all teuces, ~eeeeemente, wster n?tea, end other go~ernmcntal or munidpsl chargea, 5aee. or iaapoedtions, fac wbich provieion haa noL t~eea msde hereinbefore~ and in detsult thereof iha Mort~gee m~y Imy tbe - e~ms; aod t6+?t Le will pc~npt~y ddiver the o8'icial reoeipte tberefor to tbe Mortgsgee. b. He w~t Permit, oommit, o~~ no waete, impairmeat, o~ deteeiorstion of eaid prope~rty a eny p~ tbareof a~apt nasonsble wpar sad t,cari in t6e evieati of the failure aE We Mort~or to lccep t6e buildiaga on eai~ peemieee and those to be ~+e~d on eafd p~emises. or impnrvementa fLe~eon, m Eood rvpair tM M~tguaee may mabe euch repain as in ita diecret,ion it may deem neoeeesry far tbe Pi'oP~ P~~?tion thereo~ and the full amount tbe 'Lea ~thia~ t~e~ abaII ba dne ~nd p~yabb tLir~y C~0) datiYa attRr demaad, ~nd ebali be sacured by 6~ 8a w~71 p?y ~1 snd dn6uLr the oosta, and eo~penees, inciudin~ re~aanable lswyer's fees, and ooets of abstraeta oE titk, incun~d oc paid st any Wine ~~ort;agee becsvee of the failure on the part of the Mortga~or P~'~PVY aad-f to perform the a~reementa aud oovenante ot esid promieeory note and thia mort~e , and said ~e~peaees aia11 be vamediate~y dne and pe~ysbb and sl~all be seeured by the liea of tbis mortg,e~ge. 7. He w~ eontinuo~? maintain basard 'mswranoe, of such ttype ortypes snd amc?unts se :I~ortgag+ee ma trom time b time require, on the improvements now or hereatt~er on said pnm~ and ezcept wLen paymen0 tor all such premiums Las theretofore beea made under (s) of paragKa~h $~eneoi he ~vill psy promptly ~rhen due aa~ pnmiums therefor. All insuraaoe shall be canied 'm o~mpanies apPmve~ by 11io and tLe poli aee and rmewals t6ereof shsll be held by Mortgagee aad hsve sttached thareto loes psyab~»see in iavor of snd in form a~ooeptable to tLe Mo In e~ent of 1oe~ he ~vill give immedi~te notioe by mail to 1liartgagee, aad M ma make. o ortgagee ~ pmoi oi if not made pmmptly b~ Mortgagor~ snd eeu~h insuranoe oompany eonceraed is Lenb wt6onsed and directed to mak~e p~yment for such loes du+ectly to Mor~ ~nstead of to 141ortgagor ~nd ~ortgsge~ jaiat,t~, sad the ineuranoe P~, ~9 P~ thereof msy be applied by Mor~ ~agee at ita option eitbec to tbe reduction oi tba indebt~ednees Lereby eecnred or to t~e restorstion or repair of t6e pr~pert~ dsm~ed. In event ai iorec3osure of tLis mor~e, or other tranafer of title to the mortgaged p~+operc~ in t oi tbe indebtednees secn~ed hereb~, ,~l ~h~, titla snd intereBt of tLe Mortga~,r m and b aqT insuraaoe poliaa~ tLen ia foroe ~La11 p~s to t~he pum,La~ear or gixnt,ee. 8. Tf the premiees, or sn~ psrt tl~ereo[, be c~ondemned under the po~rer ot enunent domain or acc~uirccl fer s public use, tj?e da~iages s~ruded, tl~e prooeeds for thet~ung of or the consideration tor suc•~i acque~tion. te the extent o[ the tull amount-of thp renuining unpaid indebtec~nees aecured b~ this morigagc~, arn lienb~ ~igned to Uie Mortgagee, and his I?eirs or assigns, and shall be paid Iorihwith to said MortgaR~ or lus sss ee to be spplied on acrnunt of the laat maturing installments of sucJi indebtedness; provideci, lio~e~~r, c the iortga~ee or his assip~nee, uisy at his discretion par direct to the Mortgagor, his }?eiis or assigns an~ part or sll o[ aucl~ aw-ud; prov,ded, the?t if the loan is auaranteed or insw+ed, tlie coneeut o! die gunrantor or insurer is obtained in sdrance oI said pst~uenk ~.'T~ Mort~ee maY, ~~7 ~ P~n6 s sa~! upon thia morfgege, sppIy ~o tbe ernut ]~aving iurfediction tLa~eof for the sppointmeat of a reoeiver, and auch eourt ahall forth~th appoint s receiver of the premieea oovered bPreby atl aDd eingular, includinS all snd singulsr the inoome, Profite, iesuee, and revenues from whatever eo~une derived, esch and every of which, it being e.zpree~sly understood, ie hereby mortgaged as if speciGcally aet forth and deecribed in tbe 6rsating and hsbendum claneee hereof. Such appointment shall be made by 8uch court as an admitted equity and s matter of absolute ri6ht to esid Mortga~ep., and without refereace to the adequacy* or inadequacy of tbe value of We property mortg~ged or to the eolv.ency or ineolveucy of said Mortgagor or t~e defendants. Such rents, pro6ta. ineome, iesues, a~ad revenues shall be sppliecl by euch receiver aooording to the lien of this mortgage ~ and the practice of auch oouct. In the event of any default on tLe peurt of the Mortgagor hereunder, the Mortga6or F ag~eea to pay to tbe Mo on demand as s seaeonable montbly rental for the premises an amount at leaat ag ; equivaleat to one-t~vel(th~of the ag~~egate of the twelve month}y inatallmenta peyable in the then current ~ yesr plus the actual amount of t6e annusl taxes, aeeeesments, ~rAter rates, and insurano.e pr~miuma for euch year - s aot oovered by the aforeeaid monthlY PsY~~ F lO.In tbe tvent of aaq breach of thia mortgsge o~r default on the pert oi the Mortgagori.or in the event that ~ aay ot eaid aums of money herein referred to be not promptly and fully paid according to the tenor hereof, or in the ~ event thut each and every the atipulatione, sgreement8~ oonditione, and eovenants of said note and this ~mortgage~ ~ are not duly~ promptly, and f~illy performed; t6en in either or any such event, the eaid aggregate sum mentioned in said note then remaining unpaid, ~rith interest accrued to that time, and all moneya eecured hereby, shall become due aad payable forihwith, or thereafter, at the option of eaid Mort~agee, aa fully snd oompletely as if all of the asid sums ot money ~rere ori~inaUy stipulated to be paid on duch day, anyLhing in eaid note o~ in this mortgage to ~ the oontrary not~vithstanding; and thereupon or thereatter, at the option of said Mortga6ee, without notice or ~ demand, suit at ls~v or in equity, may be proeecuted ns if all moneys eecured herehy had matured prior to its instita- ~ tion. The 1ltortgagee msy focecloee this mortgage, as to the amount eo declared due and payable, and the said premises shall be sold to satisfy wd pny the same together ~rith oosta, eapeagea, and allowanoea. In case of part.ial ~ forecbsure of this mortgage, tbe mortgaged premiaes ahall be sold Bubject to the continuing lien of this mort6age ~ for tt~e amount of the debt not then due and unpaid. In Buch eaee the pmvisione of this paragraph may again be rt svailed of t6eresfter trom time to time by the )iortgagee. ~ l 1. No waiver of any oo~enant herein or of the obligation eecured hereby ehall st any ~ime thereafter be held ~ to be a~vaiver of the terme Lereof or of the note secured hereby. _ " l2. Tbe lien of this instrument ehall re~nsin in full foroe and etiect during sn~ poetponement or e~cteneioa of ti /he time of peyment of tbe indebtedneae or any psrt thereof eecured hereby. 13. If the Hortgagoc defsult in any of tbe oovenant8 or a~reemente oontained herein, or in eaid note, then tbe ~ Mortga~ee msy perform tbe eame, and all espendituree (including reasonable attorney'e feee) made by the MortqaRee ~ in so doing shall draw interest at the rate provided for in the principal iadebtedness, and shall be repwyable ~ tt~irt3 (30) days atter demand, and, together with interos6 and costs ~wcrued tLereon, shall be aecur«i by - thia mortgaet. . . l4. Upon the request of the Mortgagee the ]?Sortgagor absll eaecute snd delioer s eupplementel ~ete ~r ~ notes for the aum or sums sd~ anced by tbe l~iortgagee for the altention, modernization, improvcment, s~ain- tensnce, or repair ot said premises, for taxes or asFessments against the aame and for ~ny other pur~wae author- ~ iud hereunder. Said not,e or notes ahalt be secured hereby on a parity with snd ss fully as ~f the adrawct ~ e~ idenced thereby K ere included in the note 6rst described above. Said aupplemental note or notes sh~ll bear interesf, at the nte pmcided for in Lhe principal indebtedness And at~all beps }able in a~ proximatclp equal ~ monthly pa~ ments [or such period as mny be agreed upon by the creditor and debtor. Fsiling to a~;rce on the ~ maturity~ t~?e w-6ole o[ the sum or sums so ad~•ancec! shall be due and pa~•able tl~irt,y (30) da~-s after ~lcmand ~ by the crcditor. In no e~en6 ahall tLe maturity extend be3ond the ultimnte rsatutity of t!?e nole firo6 descnbed above. u c ~i ~ E~~~r. ~5 fn~ c ~ , ~ 7 _ ' r . . . . _