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Home My WebLink About0653 ~ ~ . , tender to the Mortgagee in sccord~nce with the.prov~eions o[ tl~e note secwrd lier~b~, iuD pa~ment oi the entire indebtedneea repreaented thereb~ ~ the Mortgagee, ss trustce~ ahall~ in computing tl~e ~unount ot such indebtedaess~ credit to the ~ccoun~ of the Mort~agor any credii, balanoe rem~ining under th~? pmviaiona of (s) o~ suid par~grsph 2. I[ there shall be • default under sns ot tlie pmvisious of this ~nortga~e resulting in • se public sale ot the premises covered hereby, or it the Mortgagee acquires the pro ri~- otherrvise ~iter detault. the Mortgagee~ a~s truatee, ehsll ~pply, st the time of the c,oirunencement of euc proceedinga or at tl~e timP + the propert~ ffi otherwise acquic~ed~ tl?e ~mount then ~emsinin to credit ot Morig~gc~r under (s) o~ paragrapl?.2 prnoeding aa a credit on the interes6 ~?ccrued and unpaid wd ~e b~?lance to the priucipal Lhen reiu~iuuig unp~ud on eaid no~e. 4. He will p~y all tsxee, ~eeee~ente, wstet n?t~es, aad ofber goverflmental ar munidPsl cbargea, finee. ot lmpositio~ for ~vhic6 proviaion haa not been mede hereinbefore, and in detault thereot ihs Moctg~gee may pa?y the s~me; snd tlut 6e will promptly defiver t.he offici~l reoeipts therefor to the Mortg,agee. s b. He will permit, oommit, or auBer no waats, impai~nez or deterloraUon of s~id propeity o~ any pa:t tbereoi e~coept reasonsble ~r snd tear• and in the eventi,o~ the i ure oi tLe Mo:tg~gor tu keep t6n buildin~s on eaic~ . pceinisee and tboee to be erect,e~ oti esid pre~ees, ae improv~em~eata the:~n, in ~ood repair the Mortga~ee msy mske euch repairs ua in its diacret~on it m~y d~ neoes~ary tos t~ p~op~r ~saervatio~a tbaeo~ end tlre fuU amount d each snd every euch psyment ehs11 bs due and P~Yseb tbict~Y C~~ ~ aft~er de~n~i, ~ sball be eeoured by tbe lien of this mortgaae. 6. He will pay all snd eingular tbs aoeta, and e:peneca, includin8 reaeonable L~?ycr's ieee, and ooets eE abetracta oi title, incun~ed or putd at ~ny time t~~ortgagee becsuee of the failure on the part of the M6rtgagor p'omP~Y P~orm the a~eements and oovenante of eaid promiaeory aota and tD4s ntiozt~sge, aad said ~~?i8~, ~Pe~ ~~~?te~y duo and psyable and s6all be ~eoared by tbe iiea at thia mortgrnger 7. He will oontinuot~? msintain Lssard inswn~noe, oi such type or t~pes snd amrnmts as Mortgagee ma~ trom time to time require, on the improvementa now ar Y~ereatter on saidp r~m~ md e~oept when pannenti tor all such pi;emiums Las tLeretofore beea made under ~(a) oi paragraFL s~+eof he will ~?y promptly when • due aa~ pnmiuma tha~efor. All insuranoe ehall be carried in co~Pan~s sPProve~ by M~t~g~ and the pol~ eiee and renewale thereof shell be held by Mortgagee wd Lave sttached thereto bes pt~sble cGvses in favor of snd in form aoceptabls to ths Mo ~agee. In event of loes he ~vill give immecliste noti~os by mail to Mortgagee, aad Mortgagee msy malce.prooi~~` loe~ if noti made promptly by Martgagor~ and each inauranoe.oompany ~ncerned is Lenby~suthonsed and directed to msk~e p~ymenL ior snch bas direc to M~,.~ instead o! to laiortgagor and I~ortgage~ 'oin , and the iawrsnoe prooeeda, or any patt there~~ma~ be ap,~7ied by Morw ~sgee its option eit~er to ~e ~nct~a o~ t~Le indabt~ednees hereby eecnred or to t~e restontwn or repair of t~he pmp~t~ damaged. In eventi of forecloiaa+e of tLis mo~, o~ ot,6e~ transier ot title to the mortgeged propertj m eztingwstiment oi tLe indebte~ees se~red L~eby, a]I r~h~, ti~, ~ in~ea+e~s~ of the Mw~gag~ m and to sa~ inauranoe pol~ies lbea in foros tball p~s to tLe pnmLa~e~r aar get~ntee~. 8. I[ th~ premises, or sn~ psTt U~ereot, be condenmed ~mder the power of eminent, don~ain or acc~uu~cci for a public tise, tlie d~~~lages ~wn?rded, tlie prooeeds tor theta~ng o! or the consideration tor sur~i scqur~ition, to the estent of the iull smount of the renuining unpaid indebtec~nees secnred br this moriga~?, arn l~ereb~ aesigned tfl tlie Mortgagee, snd his heire or aewgns, and shall be psid torihwith to ~si~i Mortga~tcr or. lus ee to be applied on sccount of the Lat msturing installments of such indebtednees; provided, lio~erer, ~h~ortga~ee or his assi~nee, may at his dircret,ion ps,r d'urect to the Mortga~or, hig heus or sssigns an~ pari or all o[ such sw ard; provxlecl, that if the loan ia guarauteed or insured, tlie coneeut ot the puarantor or insurer is obtained in ad~ance of ~aid ps~nen~. 9. T'6e Mort~gee msy, st any ~e pe~in~ a suit npo~ tl~is mortg~ga, app~y to tve ~ baving;urjediation thereo[ for the sppointanent of s reodver, and euch eourt a6aII foatbwtth uppoint s reoeiver of !he premiees oovered her~by aIl arid aingulsr, includina all snd einguler tLe oome~ P~~, and r~venues imm ahatever eouroa derived, ~ach and every of which, it bein~ eocpreeely uade~arst~ood, ie hereb9 ~~B~Sed as if ~ificallp eet forth and deecribed in tbe arsating and he?beadwon elsueee heteof. BncLappoi tme~at abali be made by such aoiu~t ae aa sdmitted l ecluity snd s matter of sbeoluts rlg6t to aid Mort~~ee, ~nd wI Athw~ referenoe to the adequaoy or insdequacy of f the value of the property mortgaged o~ ~o the solv~eocy or inso~veney of eaid Mo~tgagor or tbe defendants. 8uch k rente, Profite. inoome, i~~, aad revenuea ~all be ap~~l bY s~ch reoeiver a~oooading to tbe lien of this mortgage and the practioe of such ooiut. ~ In tLe e~rent of any ef oa tLe patt of tbe Martgagor hereunder, the Mortgagor 4 ~eee to pay to the Mo oa demand as s te~eansble monthly reatal for the preaniees aa amount at leaat ! eqaivaknt to one-t~relfth ( s) o# ~rea~ te of the twelve ma~thly i~aWiments payable in the then current yesr plus the sctw~l amount of tbe aanusl taxea, a~t~, wa~t satt~ and ~u~ao~ pre~niuma for s~h yeat ~ not oovered by the aforeeaid moatlily paym~nt~e. ~ l0. In tbe ~nrent oi say bresch o~ tble mortgage ot defant~ on tiie psrE of tLe Mortgpgor,.or in the event that ; any of eaid eums af money beseja refen+ed to be not proonptij? and fullyps~d aocordu~g to t6e tenor hereof, or in the eRent thst esch and every the tNpnletion0. s8reeaients, oooditio~, and ~oveasnta of eaid note and this mort are not dulY• P~mP~Y, ~~J? Perfarmed; thea fn eithet or aaq wch event, the esid aggregate a~m mention ia esid note t6en remaini~ unpaid, ~?ith interest aocru~ed to that time, and all moneye secured hereby, Bhall become due snd psysble forthwith, or thereAiter st the option of sstd Mortgpgee, aa fully and oompletely as if all of the esid auma of money ~vere orig~nslly etipu~sted to be paid on such dsy, anyLhing in eaid note or in this modgage to the oontrary notwithstaading; ~ad therenpon ae th~ftet, st ths option of Said Mortgagee~ without notice or - demand, auit at law or in equit~, msy be pe~oeewted as if ell mo~eya eeau+ed hereby had matured prior to its institu- tion. The Mortgagee may forecloea tbie mortgage, as to the amo~tamt so dec]at~ecl due sad payable, and the said premises shall be s~ld to and psy tbe ea~e togetLer ~vith ooete, e~peasea, ~und ailowances. In case of partial ~ forecloaure of this mortgage,~ mortg,egedpc~u ahall be eold eubject to the oontinuing lien of thia mortga~e for the smount of the debt not tLen dne and unpai~d.~ In such caee the proviaions af this parngraph may again be ~ svailed of thereafter from tin~e to tieoe by tLe biortg,agee. i 1. No waive~ ot uny oov~eaant Leretn or o~f tbe obligation sec~red Lereby e~a11 st aaT tiave ther~?iter be beld io be s~vaiver of the terms he~+eof ae o# We note ee~vred bereby. ~Y ' 12. The liea of tbis ~t ahall remsin in fuD foroe and e5ect durin6 un7 P~Po~nt or exteneion of _ ~ tbe time af psymeat of tbe iadebtednees a any psit thereot eecured bereby. ~ 13. Ii tLe Mort~agar defsult in aay af tLe ooveaaats o~r agree~neate oontained heretn, o~r in enid note, then the ~ ]~ort~gee msy perfocm tbe asme, and ail apmditutee (iaclu~ding reasonsble sttorney's feee) msde by the Mort~~ee ~ in eo doing sha71 drsw interest st the nteprovided for in the principal wdebtednc~s, and ahall be repa~ able thirty (30) dsys ait~ demsnd, snd, together Mtith interea6 and oosts wcrued thereon, shall be secured b~ ~ tLis mortgaga ~ 14. Upon tLe reqnest oi tLe Mortgsgee the Liortge~g~r ehatl eorecate aad deliver a snpplemental note er ~ nvtes for.the eum or sums sdvanced by the Mortgages for the alteration, modernization, improvcment, main- tenance, or repair of ssid preaniaea, for taxea or aseeestneata agsi~L tbe eame and iar any other purpoea au tl~or- ~ ized hereunder. Said note or notes ahall be secured hereby on a'patity with and as iully sa ~f the sd~ ance ~ evidenced thereby Were included in the note firat describod above. Said aupplementsl note or notea ahall bear - ~ interest at the nte pmvided for ia the principal indebtsdnees and shall bep ayable in Ap pmximntcly equal monthly pay menta for such period as msy be agreed upon b the creditor and debtor. Fsiling to ~ree on the s ~ maturity, the ~vhole of tha sum or sums s~ ~dvsnced shall dne and ps~ sble thirt,y (30) da~•s after dcrosnd ry- bp the creditor. In no eveqt ~tull L6e maturit,y extend beyond the uttimnte r~aturity oi tLe note first ~ deacribed ~bova p R U R ~ sooK2~36 P~ ~~3 $~~36 ~ 347 ~ ~ ~ _ _ _ _