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Home My WebLink About2148 tendear to the Mortg~gee in socordwc.s with the provieione o[ tl~e taote aecnred hereb~, lult pu~n~ent o! the entire indebtednees repre8ented therebv, the Mortgagee, as truatee, al~all. in canputing tl~e s~uount oI such indebt~edaees~ credit 1o the ~ccounl, ot the Mortg~gor aup credd baLnoe remoining under tlu~ pm~isiona of (s) oi esid rsph 2. I[ there ehall be a def~ult under itns ot the pmvisions ot this iuortga~e result~r?g in a public s~l~ the premisea covered hereby~ or if t,he Mortgagee scquires the propert~ otl~erwise after do[sult, the Morlgagee~ aa trustee~ ahall spply, ~ the tinia of the conunencement oi such proceedinga or at tl~e ti~nP the propertf ~s otherwise scquired, the amount then ~enisinin to credit of Morigagor undec (a) o[ paragrapli.2 preced'u,g as a credi6 on tl~e interes6 ~?ccrued snd unpaid and ~ bulanc~e to tLe principal6hen reiuaiuing unp~???d on eaid nute. 4. He will p~y ull te~es, ~eeeee~aents. wstee rsf~ea, snd othes ~o~ernmental or municipsl charg~e, f aee~ os iaapositione, fot wbich ptoviaioa Lae ~t been made hereinbetore, aad ia default thereo~f ttro Mortga6~ m4Y P~Y ~ s~me; ~ncl t~u?t be wiII prompt~y doliver the o~w~l reoeipte t~betefos to tbe Mortgp$ee. b. Ha will permit~ oommit, or euffer no waate, ianpeirme~~t, ce deterlorauon of esid p~ope~r~y ~an~ part tbcxeot eocoept reaeonsble ~rear and tear• and in t6e eveat aE tbe failure of tbe Mort~,~+oe to loeep t,he buildings oa euic~ pcemieee and Woee to be orect~ on esW p~ennise~, ar imp~trve~neate t~xeoa. ,a saod r~ir We Ma~tgagee me?Y malce euch repairs ~s in ita discraLion it m~,y deea~ neoeeeary fa tbe P~P~ P~~tion thereo~ and the full amounti ~ oi euch snd every such p~yment aba11 ba dus ~nd P~Y~ ~ C~~ ~~Le~c de~mand, aa~ ehsll be eecured by the lien d thie mort~e~. 6. He will piyyy all and sin6ular the oosts, dhar~ee, _ind e:peaeee, inciud~ reaeonsble Lwycr's iees, and ooets oi abetr~ata of titk, incurred or paid at any time by tbe Mort~g~gee bea?uee of tbe failure on t~ ps~t of the Mort~,sgor P~'~P~Y P~~ ~~nta s,nd oovensnta of eaid p~ronniaeory note aad this martgage, aad said ~6'~, ~P~~ due and p~y~bb and stull be ~ecnrad by the liea af tb~s mortg~~e~. 7. He w~l ooa4tinuone~ maintain Las~rd mswrsnoe, of such type ort~?pes and amc?unts us Mortgagee ms~ ; trom time to time require, on the improvements now or Le~reatt~er on said aad ezapt whea psyment t~ all such premiums has theretofore been m~?de undet af paragraph 4~ ~e will PaY Prompt1y ~vLen due an~ pnmiume tLe~t+efor. All inaunaoe e6a11 be csaied ia oompanies ~?PProve~ by MQrtgagee and the poli eiea i?nd renewale thereof ahall be held by Mortgagee und Lave attached the:+eto loes pqyable eL~u~es in favor of snd ia form sooeptabk to the M ~sgea In eveat o~ loes he will gi~e immediste aotios by mail to Mortgagee, and Mortgagee ma~ make.proof~~~i loes if not msde prompt3~ b~ Mortg~gor~ aad each inauraaoe.oompaqy _ ~oacern~d is Lee+eb .u~r,~a ,~a a~~a ~~~~t i~ ~ a~t~y to Mwrtgagee~matead of to biortg.agor and ~ortgage~ 'oin , sad tbe insuranoe prooeeds, or any p~ there~f may be apph by Morb- ~agee ati ~ts option eitber tio ~~uction oi ~e indebtednees l~ereb~ secnred or to t~e resta~ration ar repair of the propert, damaged. In eveat of foreclon~rs at tLis mortga~e,~or o~he~ t~a~er of titk to the mortgaged pmpert~ in estangu~ahment of t6e indebtednees oecnred~ Lee+ebJ; all tigLt, tit3e. i?nd int~+est of t~e Mortgago~ ~a and to aq~ iasuranoe poluiea tben ia ioros sLaU pass to tLs purcLase~r ar ~antea 8. If thepreiribes, or sn~ put U~errof, be eondenmed.~der the pow~er o! enw~enL donuin or acc~uimci f~r s public uee, tl~a damages sw~rde~d, tl?e pmoeeds for the~ of or the consideration tor suc~i acqu~a~tion~ to the extent of the full smount oi the renuining unpaid indebte~neee secnred b_r thig niortgag~, a~r 1~errb~ assigueci to Uie Mortgagee, snd his heira or aeeigna, and s~?all be p~id forih~ri~h to eaHi Mortga~~ or lus sas~gr?ee to be applied on account of the lest insturmg inatallmenta of such indebtedi?ess; pruvided,lio~erer, the Mortgagee or his aeai~nee, may at his diecretaon pac direct to the Mortgagor, his }uirs or assigns an~ put, or all o[ such sw•ud; provided, that ~f the baa is auaraateed or inswred, tt~e eanseut ot the guarsntor or insurer is obtained in ul~~nce of aaid pa~~nent. . r o. Tbe btortg~gee ma3?, st ~ ~ime pendin~ adt upo~n t~Lie mortg~ge, y~ ~o tbe eoart 1~sving jur~ietia~ t6ereol for tbe appointanent of s receiver, and such eourt eLail forth~vith sppoint s receiver of the prEnoiaes o~vered Lereby sll a~d eingular, inciudind all snd eingulsr tLe~~~ P'~~, ~d revenuee fr~m wbstever souroe derived, ~ach and every of which, tt being a~preeely tm ,~s Lereby mortgaged as if apecifically eet fort~ and deeeribed in the ~ranting and habeadum elaueee h~of Suchsppointaneat shaIl be made by such court as an admitted equity and s matter of abeolute right to eaid MQrt~ee, aad wit6out reference to the adequs~y or inadequacy of the vs,iue of the property mortg~ged or t,o t6e solvency or ineolveucy of eaid Mortgagor or the defendsnts. Such ients~ profita. income, iesues, sud revenuea ehall be sppliecl by such reoeiver aooording to t,he lien of thia mortgage ~ and the practioe of euch oourt.~ In the event of aay default on the p~t d the Mort$agor hereunder, the Mortgagor i agrees to pay to the Mo on demand aa s teat+onable monthly rental for the premises un amount at lesat ! equivslent to on~tweUth ( s) of the ~g~eg~ate of the t~velve monthly i~tallments psyabla in the then curnnt E year plua the actual amount of the annual ta~cee, aeeeesmeats, wster rates, and inauranoe premiums for such year ' not oovered by the aforesaid monthty psyments. ~ 10. In t6e event of any bresch of thia mortgage ar default on the part of tl?e 1liortgagor,.or in the event that ~ ~ny of eaid eums of money herein referred to be not promptly and fully paid ac.cording to the tenor hereof, or in the ~ event t6at esch snd everq t6e stipul~?tions, agreementa, eonditionr, and oovenswta of eaid note and this mortgage, ~ are not duly, promptly, and fully performed; then in eithet or any such event, the eaid aggregate aum mentioned in said note then remaining unpaid, w~itb interest aocrued to that time, and all moneye eecured hereby, shall become due and payable forthwith, or thereafter, at the option of aaid Mortgagee, as fully and completely as if all of the ~ said sums of money were ori~nally stipulated to be peid on such day, anyLhing in said note or in this mortga~e to 3 the oontrary not~vithstanding; aad thereupon or theresiter, at the option of eaid Mortgaac,~e, without notice or ~ demand, suit at law or in equity, may be proeecuted t~s if all moneya eecured hereby had matured prior to its instit~- ~ tion. The 1liortgagee msy forecloee this mortgage, aa to the amount eo declared due and payable, and the said ~ premiees shall be eold to satisfy and psy t6e same together ~vith c~osta, e~pen~, and allowances. In case of partial ~ foreclosure o[ this mortgage, the mortgaged premiaes ahall be eold subject to the oontinuing lien of this mortExge for the amount of the debt not then due and unpaid. Ia euch caee fbe provi~ione of thie paragraph may again be ~ svailed of thereaiter fmm time to time bq the )iortgagee. ~ 11. No ~vaiver of any o~vensnt herein or of the obligation secured ber~by shall ~?t sny time thereafter be hcld - ~ to be s~vaiver of the terms Lez+eof or oi the note eecured hereby. _ ; = " 12. The lien of ttiis inetniment ebaIl remsin in full foroe and eBect during ~n~ poetpoaement or e~ctcneioa of - the time of psyment of t~e indebted~oees or u?y part thereof eecured hereby. ' ~ 13. If the Mortgagor default in any of the eovenante or agreements oontained berein, ot in eaid nott. then the i Mortgaaee msy perform the aame~ snd all eipendituree (including reasonable attorney'e feea) made by the Moriga~ee t~ in so doing ahalt dnw interest st the rate ptovided for in the principal indebtednees, and ahall be repa3 sble thirty (30) daya after demand, snd, together with interes6 snd oosts aocrued thereon, ehall be eecured by ~ ehB mortge~o. ~ ~ 14. Upon the requeet of the Mortgagee the ]?~iortgagor shall execute snd deliver s aupplemental ~et~ ~r notes for the sum or aums advanced by tbe 3~iortgagee for the alteration, modernization, improvemcnt, ~+ain- tenance, or r~pair oi aaid premises, for taxes or asFessments against the sameand for any other purpose autho~ ~ ized hereunder. Said note or notes ahall be secured hereby on a parity ~vH~ snd a~1uU,y as d the adrsace ~ evidenced therebg ~vere included in the note Srst described above. Said supplemental note or notes shall bear ~ in~erest at the rate pmvided for in the principal indebtedness and ahall bepa } sble in ap pro~imately cqnal rnonthly pa~ ments for such period as may be a~reed upon by the creditor and debtor. Failin~ to agrec on the meturity, the w•hole of the sum or sums 9o ad~anced ahnll be due and pa~able thirt}• (30) dai•s after ~lcm~nd by the cr~ditor. Ia no even6 ah:ll LLe maturity extend beyond t~e ultimste rlat~urity oi tLe note firat described above. ~ ; 80~Ui( ~ p~ ~ ~ ~ ~ _ ~ _ ~ . - . . - ° - ~