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Home My WebLink About0347 tender to the Mortgagee in sccordunce with the provisio»a o~ tl~e note secured 1?ereb~, full ps~nient ot the entire indebtednesa represented there6~•, the Mortgagee, as truslee~ al~aU, in computing tl~e ~u~iount of euch indebtedaees, credit to the eccount o[ the Mongogor any cred~l balance rnmeining under the proviaions of (e) of said p~ragraph 2. If thern si~all be s def~?ult under sny oI tlte pmvieious of this ~uortga~e resulting iu R public sale ot the premi4ea covered hereby, or if the Mortgagee ~?cqwrea the propert~ ot)~erwise ~itec de[ault. the Mortgsgec+~ ~a truatee, ahall apply, at the time of the coininenc~ement of euch proceedings or at ti?e timP the pmpert~ ia othPrwisc acquired~ t}?e amount then aremainin to credit of Mortgagor under (a) oi paragrep)i.2 prccedi~g as a credit on U?e interest accrued and unpaid and ~e bal4nce to t4a principal Lhen reiuaiiung unpaid on Baid note, ~ 4. He will pay ail tsxee. aeeeesmente, ~rater rates, snd otlier governmental ar muntcipal chargea, finee~ or impasitiom, for w+Lich provision hse uot been made hereinbetore~ snd ia defe?ult thereof tbe Mortgagee may pe?y the eame; and t~u?! he will promptly deliver the offici~l reoeipte t~herefor to the Mortgagee. b. He wIll permit, oommit, or auger no Aaete, imp~si~at, or deterloration of esid propetty o~ any part thereof e~caep~ reasonable ~rear and tear• and ia the eventi a[ t6e failure ot the Mortg~gar to k~p the buildinga oa eai~ premise8 aad thoee to be erecte~ on eaid premisee, ~ im~x+oveaneats tbereon. in sood np~ie the Mortgagee may make euch repsire aa in ita diacre~ioa it may doom ne~ssary for tbe proper ~roe:ratt+ea tfxmo~ e~,d tha full amounti oi each und every such psyment a6a?11 bo due aad P~Y+~bb ~is~Y (30~ d~ys att~et dmtu~nd, an~ shnU bo eecured by tbe lien of this mortgage. 6. He wnll piy all und e~ngular t1~e ooeta, d6~~and e~cpeneee„ including reaeonable L?wyer's feee, and coste of abetracta of title, incurred or paid st sny time bp ortgagee becsuee of the failure on the pa~t of the Ti6rtgagor promptly and full to pedorm the ~greements sad oovensata of eaid promiaeory note and thia mo~t~aqe, and said ~rB~, ~expe~es sball be immedistel~y due and payAble aad a6sll be aeeared by the L'ea of t_tua' mortgage, 7. He will oontinuoue~j maintain hsurd'msursaoe, oi auch type or types snd smrnmts as Mortgsgee ma from time to time require, on the impmvemeats now oar Lereut~er oa eaidp rem~ses~ and e=cept when payme ti tor all such premiuma baa tLeretofore been made under (a of paragct~h S~ereof he will pay promptly when due any premiums thorefor. All insuranoe shall be ~ in oompa,ates spprovec~ by M a~ee and the poli- ciee and renewala tbereof aLaU be held by Mortgagee and Lsve ~?ttached tLereto bes p~yabp k~clausee in isvor of and in form accaptable to the Mo t~;agee. In event, of bes he ~vill give immedi~~ notice by mail to 1?iortgagee, aad Mortgagee msy make.proof~D~f loes if not msda promptly by Mortg~g~or~ and each msuranoe.oompany eoncerned is Lereby~sutLonsed and directed to make p~yyment for such loes du+ectl,y to Mortga~ee ~natead of to l~iortgagor and I?~Iortgagee 'ointl , and the insurance prooeeds, or any patt there~f m,y be apphed by Mort- gagee at its optioa either to ~e ~uctifln of tbe indebtednees hereby sect~red or to t~e restoratiun or repair o# tha pmpert~ dama~ed. In sventi oi iorec3owre oi t~ ~rtgag~, or ot~e~ t~ransfer of titlc to the mortgaged pmpert~ in ' t oi ~e indebterlnees secnrad Lereby; ~11 tight, tit~e~ and int~+es6 of the Mortgagor ~a and to any insuranoe policiea tbea in foroe ~all psss to tbe pnrcbaeer or grant~ee. 8. JI the prn~niees, or an~ psrt tl?creof, be eondenused under the po~ver ot eaunent doniain or ac~uimci for s public ~se, tllP d81118geS a~rarde~d, tl?e proceecis for theLa~u~g of or the conaidention ior sur~i acqu~~tion~ to the extent of the full smount of the retn~?iniag unpaid iadebted'nesa eecured br this raottga~, arn 1?ereb~ ~sa;~ned to Uie Mortgagee, and hia hein or as~aigns, and ~hall be paid forthwn~h to said Mortga~c~ or lus ass~gn~ee to be applied on account of the last msturing instsllmenta oi auah indebtedness; provided, lio~er~r, the Mortgag~e or hi~ aasi~nee, ~nay at his diecretion par direct to the Morigagor, his heus or assigns an~ par0 or sll o[ such aw ard; provided, that if the loan is guar~?ateed or insnred, the coneent ot the gunrantur or insurer ie obtained in sulvance of said ps~~nen~ 9. The Mortga~ee msy, st any time pe~in6 s snit u~ tbis moitg¢ge, spply to the eonrt having iuris~etion tLereof for the sppointment d w reoeiver, and auch eourt a6a11 tottL~vIW sppoint ~ reoeiver of t1~e premises oovered Lereby au a~d eing~ilar, inciuding all snd eingular tbe profite, ies~~es, aad rgven.uea from whatever eourne r ve derived, a?ch and every of whicL, it being eo~preesly ie bereby mortgsged a8 if s~ecificallq set fort,~ and deecribed in the 6ranting snd habeadum olsneea bet+eof. Snc6spp tmeat ehall be made by euch eoutt a8 an admitted equity and s mntter of absolute right t4 ea~d Mort~ee, and wi~nthout referenoe t~o the adequacy or inadequacy of the value of t6e pmperty mortg~n~ed ~ to the solr~acy.ar itisolvp,ncy of said Mortgagor or t3e defendants. Such renta, profite. income, iasues, and r~veaues ~hall be a~p~`s~Cl~t b}? each reoeiver aooording to the lien of this mortgage ; snd the practioe of auch oourt. ~ In tbe event of any ef on tbe o~ the Mo~tg,agor Lereunder, the Mortgagor ag~~ees to pay to.the Mo on denoand as s reaeonsble mont~y rental for the premises au amount at least ~ equivulent to ot?~-twelfth~of tbe ag~+egpte of t6e twelve monthly installmeuta psyable in the then current f yesr pl~ the actual amount of the saaual taues~ aee~at~ water satee, aad iasurano~a premiur.,s for euch yeat i not oovered by tbe afote~id monthlY P~?Y~~ = 10. In the event of any breach of thia mortgage or deisnlt on tbe psrt of the Mortgagori.or in the event that ; s~ny of aaid aums of money hereia refert+ed to be not promptly aad fullype~d acxordu~g to the tenor hereof, or in the event thst each aad every t6e stipulatione, agreemeata, oonditiom, enti oove,nsnts of eaid note and this mortgage ; are not dulY~ P~mPWY, ~~9 P~ormed; thea in either o~ mny such event, the eaid aggregate aum mentione~ ia eaid note then remaining unp~aid, ~vith inter~st socrued to tbat time, and all moneye eecured hereby, ahall become due snd pays?ble forthwith, or the.reafter at the option of ea~d Mort~gee, ss fully and oompletcly as if all of the eaid euma of money were origtnally stapufated to be psid on such day, anyLhing in eaid note or in this mortgage to ~ the oontrary notwithstanding; aad thereupoa or thereaiter, at the option of said Mottgag~e, without notice or ~ demand~ Suit at Is~? or in equitiy, mt?y be peaeecnted ae if all monEys sectu~ed hereby had matured prior to its institu- tion. The Mortg,agee may foredoee tLi~ mortgage, as to the amonnt eo declsred due and payable, and the said $ pre misea shall be sold to eatisfy s,nd psy the aewe f~ogether ~vlth coste, expen~ea, and allowances. In case of partiat foreclo~ure of thie mortgag~, the m~tgagedp~ie~ sball be eold aubject to the ountinuing lien of this mortga~e ~ for the amount of the debt not t6ea due and unpeid: Ia such csae tbe provisions of thie psrsgraph may again be } availed of t6eresfter from time to time by t6e bio~t~egee. - ~ 11. No waiver of anq ooveaant herein or of the obligation secured hereby ebsll at aap time theresiter be held " b be a wsiver of the terms hereof a of tbe note eeeured hereby. > ' 12. T6e liea of tbis i~ument aLall remain in full foroe and e5ect during sny postponement or extenaion oi ~ the time d psyment of the indebtednees oe any pu~t thereo~ aecured heneby. ~ 13. If tLe Mortgsgor default in aay of tbe covenante or agree~oente oontained herein, or in enid note, then the ~ Mort~gee may pedorm tbe asme, sad all e:pmditur¢s (including reaeom?ble attorney's fees) made by the Mortga~ee ~ in eo doin shall draw interest st the rsteprovided for in the rmci ; p' pal iwdebtedncess, snd ahall be repa~•able thirty (30~ dsys sit,er demand, snd, together ~vith intetest snd ooBGs acxrued thereon, ahatl be secured by ~ th;s mortgaga ° 14. Upon tLe reqnest of tLe Mo~ tLe Mort~s~or sball earecute snd deliver a supplementul note er ~ notes for.the sum or suma edvanced by Mortgagea for tLe alteration, modernization, improvcment, mein- ~ tenance, or repair oi said premises, for taxes or as~eesments agaiffit the same and ior any other purposc authoc~ ~ ized hereunder. Said note or notes shall be secured hereby on a parity rvith and ss fuUy as it the ad. snce evidenced thereby were included in the note Brat descxibod above. Said supplementsl note or notes shail benr ~ interest at the rate provided for in the principsl indebtaiaee~ aad shall bepe~yable in t?~ pm~imntcly equal ~ monthly payments for such period sa msy ba agreed upon by the creditor and debtor. Failing,to s~rcc on the ~ maturity, the ~hole of the aum or euma so advancel shall bo due and parable thirt,y (30) da~•s e(tcr dcmRnd ~ by the creclitor. In no event ahAU the maturity eztend beyond tt~ ultimate r~aturity of We no~e first described above. ~ ~ ~ s°aox~.~ e~ 34~' r ~ - ' x . - ~ _ _.e . " - - - ~'~`v _ . . - _