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Home My WebLink About2495 ? - tender to the Mortgagee in accordsnce wlth ths.provisic~m a[ tl~e note secured l~ereb~~ lull ps~ment of the entire indebtedneea repre8ented therebv~ the M~tgagee~ as trustee~ shall, in compuling tl?e ~uuount of such a? indebtednees, credit to the i?ccount oI tl~e Mo r anp credil balt?noe remaining under tlie proviaiona of (a) o! said paragnph 2. Jt there ahull be a defau t under xap o[ the provisious oi this uiorige?~e resulting u~ a publ;c sale oI the premiges covered hereby, or if the Mortgagee ucquires the pmpert~• other~r~se ~ftec dclsult, the Morigagee~ aa truetee~ shsQ apply~ at the tinte of the c,wnmencement of such prorredings or at ti~e time the propert~ ia othPrwiee acquired, the amount then T~emainin to credit oi Morigagc~r under o~ paragrapl~ 2 preceding ~a a credit on the iaterest accrued and unpaid and ~ bnlanne to the principal t,hen rPin~iuing unpaid on said note. 4. He w;U p?Y all ts~ces, aaeeee~ente, wstmr ntee, and other g~overnmental ae munidpal chsrgea, finee~ or ionpoaitiom, for ~vhich proviaion has noL beea m~?de bereinbefore, ~?nd in def~?u16 thereo~t t~a Mottg~8~ ~Y P~?Y ~ eaa~e; i?nd t6~t Le will pmmptly deliver t~he o~cial reoeipta tberefo~ to the Mort~geer b. He will permit, oommit, or suBer no ~raate, impairmes~ o~r deteriorstlon ot eatd p3+opeity a~~y psrt thcreof except re~onable ~vear and tear• and in the av~eati of the i ure at tbe Mort~go~ to kcep the buildings on esi~ = permieee snd thaee to be ereete~ on auid pe+e~niees, or imps+ovemeuts thet+eon~ in-~ood :epair t,Ls Mottgagee msy make euch repaire ae in its discretioa tt de~ ne~ry ta~ tbe ~ at e~ch and every such pe4Ymeat e6e11 b0 d~s and P~Ysbb tbitf~? (30~d~?s st~dm4snd, ~ eball be seeured by t6s lien of Lha mortasae. 6. He will p?y all snd eln~Lt tLs oo4ta, t~, aad e~cpeneee„ iacludIn6 reaeonsble L?~vyer's feee, and oosta ; ot sbetracta of title, incurred or psid at ~r time ~ry~tbe Mortgsgee becauee d tbe fajlure on the patt of the Mort~~or : ~ promptly and fully to per~orm tLe a~reecnsats and oovenante of e~id promieeory note and this mo , and said ~ om ooete, charges, snd ~penees ~e~ll be immedis~ due and p~y~e and a6all be ~eatu~ed by the liea of mortg;~ge~ tie w~l oontinuone~ msintain Lasard i~uraaoe, oi such type or t~pes and ~mt?imta as Mortgsgee moy from, time to time require, on tLe improvements now oar bat+edter on eaid! »m~es~ and e:cepti rvLen paymenti tor a11 such premiums Las tLeretoiore been made tmder,(a oi pangcaFh s Let+eoi Le w~l psy pmmptly wheu due any preauiume ihc~refor. All inauranoe eLall be ~ in oomPwties ~?PProve~ b~ M~~ and the poli- ciee and reaewale thereoi aLell be held by Mottgagee aad Lavs attached t,hetet~o bes pas?~bQ 1e cTausee in isvor of = and in form acaeptable to the M In event ai bes he ~vill give immedinf~e noti~oe by mail to Mortgagee, t and Mortgagee msy m4ice .proofQ~~ ii nut mad~e p~romptly by Martg~gor~ aad e~ch insuranoe aompanp aonoerned is Dereb sutlansed and directed to malce p~ymeati ia~ snch bes du+ec~y to M~~y~ mstead of to biortg.agor aad ~ortgagee 'oin~r, and tbs iawra~os prooeeds, or any pait tLere~f m~y be ap,~7ied by Morw ~agee ati its optioa eit~er t~o ~ red~tio~ at t~s indeet~ed~es L~by ~e~+ed or t~o t~e restontwn or repair of tbe propert~ dama~ed. In event o~ foree3o~nrs at this mor~tg~e,~or other traaefer of title to the mortgaged p~mpert~~ m eatingu~ahment of tLe iadebtedne~s se~nred berebj; aD ti~hl, ~ and intee+est of tLs Mortgagor ~n and ~o a~o~ insuronos po~~~s t~6ea ia ior~s ~all p~es tO the pa~~er oe ~aa~ee. 8. If the premiees, or anr psrt thercoi, be oondenuied under the powrr ot erainenL domsin or acc~uirncl for a public nee, tliP d~mages a~varcted, tlre p~e+oaeds for the~ of or the conaideration for surii acqu~it~ion~ to the extent of the fiill ~unount of t}?e retnatning unpaid indebte~nees eecnrrd b~ this niortgs~r, arr liereb~ assignecl to the Mortgagee, ~?nd his heie~s or aeaagns, and shall be pt?id fosth~vith to said Mortgagc~ or lus ~es~gnee to be applied on account ot the Lst nuturing inst~Uments of such indebtednesa; provideci, l~o~ev~r, the Mor~,gagee or hig aesi~nee, ~nsy at his diecretion par direct to the Mortgagor, his he'us or assigns anr psrt, or all o[ sucFi aw ard; provided, thst if the 1oea is guaranteed or ineured, t1tie coneent ot the gunrantor or insunr is obtained in acirance of said pu~nen~. Q. Tfie Mortgagee msy, st a~? time pendin~ a suit npo~n this mort~e, spp~y to tbe ~o~uit hsvIng juriediotion ' thez~eoi ior the ~ppointanent of s reoe~ver, and such eaut a~all forthtvith apposnt a reoeiver of tbe premiees oovered ? hereby sll arid singulsr, iacluding s11 snd e~n~N~' ~ P~~, and =+evenuea fi+om whstever eouroe : derived, each s~d every of which, it being ezpnesly n~~~~, ie Le~rreby mortgeged ae if speci6callq eet forth and ~ deecribed ia the aranting aad habendum e.isuees bereoi. Bnch ~?t a~utt be made by such oourt as an admitted u equity snd s matter of sbeolute tight t0 taid Maet~ee, witLout re.fereaoe to the adeqvac3? or iaadequacy of the vslue of the property mortgaged a~ to the ~olv~ency ae inso~vency e[ eaid Mo~tg~gar or t~e defendants. Such rente, pm6ts, income, issuee, aad tevenu~ea ahall be by sueh reoe~v~er aooordio6 to t,~e lien of this mortgage snd the prsctioe of such oou~.~ In tbe evmt of any d~~ on tbepa~ of tbe Martg~go~ hereunder, the Mortgagor ' ~~ees to psy to tbe Mo on de~onnd as a raeo~able monthly rr~ntal for the premiees an amount at leaat n ~ equivslent to one-tRelft6 of tbe a~regste o# the twelva monthty i~etallm~afa p~y~ble ia the then current 'i year plue the sctuat amount of the aanual tazea~ aeeee~enta~ w~ sates, and insurauo~ premiuma for such yeat ~ not oovered by the ~?foreeaid mo~tL~jr psymeata. ! 10. In tbe event of ~ny bre~rch of tbia mortgage a~ defwlt on ti~e psrt of tLe Mortg~gor,.or in t~?e event that i any of aaid euma of money hereia refere+ed to be not pramptly and fully psideocordingto the tenor hereof, or in the ; event tbat each aad every t6e s~ipnlatio~, ag~+eemcats, oooditb~, and oove.nante of eaid note und this mortgage, ~re not dulY, P'~~?P~Y, ~~Y P~ormed; then in eithee at aq~ s~taL event, the eaid aggregate aum mentioned ~ ia eaid note then remainins uapaid, wdth intereat'?ecru~ed to thst time, and all moneys secured hereby, shall become d~e snd pey~?ble forthwith, or thensfter st the opt3on of eaid Mortg~gee, ss fully and oompletely as if all of the ~ ssid suma of money ~vere ort~¢nslly etipu~ated to be paid on eucL dsy, anyi~ing ia eend note or in this mortgage to ~ the contrary notwithstanding; a~d thee+eup~ ae t6ereafter, at the option of eaid Mottgagee, without notice or ~ demand, suit st law? or ia equit~~ msy be peoeewted as if ail moneya secured Ler~by ~?d matured prior to its institu- ; tion. 1'he Mortg~agee may fotedoee tbie nuottgage, sia to the amount eo declared due aad peyable, and the suid v pre mises shall be sold to ae~ti~fy s~ad psy tbe aame together ~rith ooste, ezpe.naea, and alloAances. In case of partisl - P foreclosure of thje mortgage, t~e mo~tg~gedp~ ahall be eold subject to tLe oontinuing lien of this mortgage ~ for the amount of tLe debt not tbea due andunpsid: In such caee tbe proviaionB of tbia paragraph may again be svailed of theresfter from t3me to time by We ~?iatgsgee. ; z 11. No waiver ot a~r om?~eaaat heretn o! of tLe obligation secia~ed hereby sbsll at aay time thereafter be held ~ - tio be waiver of the terms be:~eof at af ibe nots eeau+ed h~ereby. t ' 12. ~e lien ot t~s ~e~+m~t ~hall r~ia in full foroe aad e~ect during any postponement a acteneion of ~ tbe time ot pe?ymeat of ~Le indebtedneas ae say pait tltiereo[ eecured bereby. ~ ~ 13. If the Mort~or defsult in say af tbe oo~veaaats or a~r~meate oontatned herein, or in esid note, then tbe ' yiort~gee msy perform tLe same, snd ail etpmditures (inclt~ding reaeo~nsble sttorney'e fcea) m~?de by the MortBs~ee & in eo doin sha71 dn?a interest at the nfeprovided for in the principal iudebtedness, snd ahsil be repayable ~ tLirty (30~ days aftee demand, snd, togetber rvith iutecest and oosts aeerued thereon, ahall be secured b~ ~ tb~is mortgaga . r 14. Upon tLe seqnest oi the Mortgagee tLe Liortga~or eLaIl eAecute aad deli~er a supplemental note or : Dotes for. tbe sum or sums advauced by We Mortgsges for the alteration, modernizat,ion, improvement, mnin- ~ tenance, or repsir oi stid premises, for taxes or as~esaments agai~ the same and far any other purpose aut~~or- ~ ized hereunder. Said not~e or aotes ~haU be ~ecured hereby oa a psrit,y w?ith snd as fully as ~t the ad. ance ~ evidenced thereby were included in the note 6rat descn'bod above. Said supplemental note or notcs shall benr interest at the rste proqided for ia the principsl indebtednees and ahall bepayable in approximntcly equal ~ monthly paymenta for such period as may ba agrc~ed upon by tLe creditor and debtor. Fsilin~ to agree on the ~ maturity, the K6ole of the aum or sums s~ advanced shall be due and pa~able thirty (30) da~s a[tcr d~~msnd ~ by tha creditor. In no eveot shall Lhe maturity exteud beyond tba ult;mate rsat,~uity of 1Le note firat deacribed abova ~ ~ 600K~~ PAa2492 # ~ ~ _ _ _ _ _ , ~ ~