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tender to the Mor~gagee in aooordonc~s with the pro~ons of tl~e note eecw~ed I?~reb~, full pa~nient ot the ~
entire indebtednees represent,ed thereb~•~ the Moitg*gee~ as trualee~ shaU~ in oomputing tlie ~u~iount of such }
indebtednees~ credit to the account oI the Mon agor auy credit balanoe rrm~ining under tl?~ prQViaiana of (a) ~
ot said ~caph 2. If there shwU be a det~~t uIIaer tAf OI l~le ~"OPisi011s O~ thls ulOttgs~A tesulting i» ~ ~
public aale o the premiees covered hereby, or it the Mortgagee ~cqwra the prupert~ otheewvise ai~ec delault, ~
tha Mortg~gee~ ~a trustee~ shall apply~ at lhe time of tha conunenament of such proceedings or at t}ie time ~
the propcrty ie otherwiee acquired, the amount then ~emsining t,o credit of Morigsgor under (s) of paragrepl?.2
preceding aa a credit on the interesL ~ccrued and unpeid and the b+~lanc+e to tLe ptincipal then re~w~iuing unpaid ~
on eaid note, ~
~l. He wlll p~y aIl teuces, aeseeeme~ts. wstet »t~es, snd Oth~! 6overnmmtal ot munldPwl chsrge~ 8nes. os i
impositiom, for which proviaion has not been made heretnbefore~ Rnd ia defwlt thereot ibe Mortg~8~ ~+?Y P4Y ~ ~
e~me; ~nd th+?t be will prompt~y deliver the o~d~l reoeipts therefor to t6e Mortg~ageer
b. He wIll permit, oommi~, or euBer no waetq imp~irmeat, ae ikterbr~tioa ot s~id p~+opezf,y ~ uny pe~ thereoi ~
eucepti naeonable weu snd teu• aad ia tLe ev~eati ot the failure eE tLe Mo~rt~oe to keep the building~ on ee?i~ ~
premieee and tbaee to be ereetec~ on eaid pe+emiees, ve innproveaoeats tba+eo~n~ ~n-~ood re~ir tLs Mo~t~g~ msy ~
make ~h repaire as in ita di~et~fon iL ma~ ~ a~sry icr the pe~oper p:~aesrsi~nn t~ea~ end tbre tull amo~at
ot each aad evv~erry such p~yment eball bs due and pyrabk t~htrf~! C~0) . d43'a ~it~et dea~a~l, ~ s1u11 be eeaured by ~
t6e lien ot tbis mort~e~ .
6. He will pay aU and ~lae tbe ooela, sad ~penees. inctudin~ t~eaeonsble Lwyer's fe~, und ooeta
ei sbetncta af title, incurred or psid st any t~ime
i~ortaagee becsuee of the hiluire on the pert ~ tbe Mortgagor
P~PUY and i to perform the ~eements aad ooveaants at eaid p~romieeoey note and this mort~e, and eaid
~~6'~, ~~Peaees sb~II be immedi~t~e~? due ~nd p~ysbb aad e4~?ll be teoured by tire liea of tLis mortg~+ger =
~
7. He w~l eontinuoae~ m~intaia bssard iueanxaoe, o~ such t~~pe or~yp~ aad amcmnts as Mortgagee may ~
ime
trom time to time require, on tbe improvements now ar Lere~tter on said - ' and esoept ~vLen payment ~
tor all such premiums has-theretoiors beev~ made tmder.(~ a~ paragc~Fh Larooi w~71 pa~y promptly when r
due any pnmiume iherefor. AIl iasnranoe shall be io oompantiea appro~e~ b~ M~~ and the pol~ ~
cies and renewaie tbereof ~L~ll be held b~ Mottgsg~es and Luve attacLed tbee+eto bes pyabQ
le
cTauses ia i~vor of
sad in form aoceptable to the M ~ag~ee~ In e~eati at bae Le w~l give imnmediats not~ioe b~ mail to Mortgagee, ~
,~a a~o~ m~ m.~,~i~~Di loas if not made prompt~y b~ Mo~rtgagor~ aad eacL imsun?noe,~m~y E
. ~a~eraed ~e Lersby~sutLonsed snd directed to mal~e p~yment ioe snch loeo d~rec~y to M ~nstead of
to M~rtgag~or and I?Zortgage~ join~, aad ths ias~u~aoe prooeeds, or aniy pa:t thes+e~f ma, be
a~ by Mort,-
sti ita aption ei~Lear to tbe uctioa ot t~e mdebtednees Lereby sea~+ed ar t~O ~e restorstwn o~ repair of
~gee~~ ~ ar In event at iore~oaa+s at tLismor~g~e~ae otbe~ t~»asf~ o~ titla to tha mortgaged ~
tbe
pmperi~ m, t oi tbe ~~debte~e~s ~e~ad aU ~~t3s, and in~~+esti of t~e ]~ortg~g~oac a
~n snd to aq~ meuranos po~es ~en m fot+os ~Lsll pas to tLa p~+~a~ or ~sn~ea. ~
8. T~ thepr~mises, or an~ p~dt thereoi, be condenukd tmder t~he powrr.q~ eminent, donuin or acc~uircd !or ~
s public tiee, tl?e d~unsges a.vardad, tlie proaeds tor the ' oi or the considi~stion for sur~i acqu~ition, to ~
the extent of the tull ~unount oi the t+Hrtatniog unp~id inde secwred bp this niortga~, arn I~ercb~
~esi~;ned to the Mortgagee, und hia heih ar aea~gns, and shall bs paid [orihwith to said MortgaKcc or lus ~
aes~'
nee to be spplied on sccount of the Lst maturing instaDments oi snch iadebtedneas; pmvided, lio~er~r, ~
che Mor~ag~ or his assi~nee, ~nay at hie dieerefaon pa~ direct to the Mortgagor~ hia lu~irs or ~saigns anr p~r6 ~
or all oi snch sw
ani; prov~ded, that it the bau is g~uranteed or iASnred, tl~ ooneent of the guarantor ar insurer ~
iB obtmined in ad~~nce of said p~??y~nent. ~
7rhe M m~? st vin6 juriediction #
ort6~ 7, ~Y P~ a~~~~, ~PP~! to the eom t ba
thereot for tLe sppointment ot a reoe~ver, and su~ch ~au~t ~hsR farthwlth appaiat a reoelver oE the prennises oovered
~bY ~ ~ ~n8~~, ~u~6 ~ ~ d~~ ~ P'~'~~, ~~0. aad rev~eaues fmm whatever eouroe
derived~ each wd every of whic6, it bein~ a~cp:eee~y na~d~, is h~b9 mort~,e8ed ae if ~ifically set forth and '
' deecribed in the 6raating aad hsbeadum datmes hee+eoL SnaL t ahall be m~sde by euch oourt a8 an admitted
! equity aad ~ mattet of sbeolute risht t0 rid Mott~ee, wlthout refere~eoe to the adeqnsey or inadeq~acy o~ i
tt,e value of the property mortg~ged ~ t~o the ~oi~eoay or i~olreagy af atid Moetg~go~ or t5e defendanta Such
~ P~~• ~~me, i~~s, aad rev~u~es ~all bs aq ed wah reoe~v~er
e by a,ooo~din~ to the lien of this mortgage
; and the practioe of wch oourk~ In tbe evmt ~ atq s1 en tbe pstt af tLe Ma~tgagar bereunder, the Mortgagor
' ~grees to pe?y to the M on demand as s re~so~sble mo~t~ t~eatal for the premieea an amount st least
~ eqiriviJeat to one-twelfth at the a~+e~ste ef tbe twelv~e moatb}y i~ents pnyuble in the then current
€ year plae the ectual smount of t6e aaaual ts~oes, a~td~ wst~r satRS, aad fnsurano~ pr~miuma for such yeat
F not oovered by the atoreeaid monthl,y p~ymeuta.
{ l0. In tLe ~vent oi any br~sch ai tl~is mo~tg,ege oe detanlt o~ tbe part o~ the Mortg~gor,.or ia the event that ~
~ any of asid suma of~ money hereia re~e~e~ed to be not pt+ompt~y aad fully d aooo~~ to the tenor hereof, or in the
; event t6st eaeh aad ev~ery tlie st~P'nht~oos, a~e~te, eon~~, ~iovenaata o~ esid note and this mortgage, #
~ are not d u
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3? P e~ form~ed; i~~ea ia etthet ee any each eveat, the eai
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ia eaid note then r~mainiu6 tmpaid, wlth intenst aoest~ed to that time, and sll moneye sec~u~ed hereby, shall become
~ due snd psysble forthwit,h, o~ th~esfter st tLe option af eatd Morfgpgee~ aa fully and oompletely as if all of t6e
~ se~id sums of money ~vere orlginally s~pt~ated to be paid oa encL dsY, ~Y~nB in said note or in this mortgage to ~
~ tbe oontrary notrvikhstsnding; apd ti~upan ar t6ereatter, ~t tbe option of esid Mo sgee, without notice or
~ demsnd, auit st ls~v or ia eqtn~7~ msY be pe~oeeooted as if u11 m~ooeys ~ecut~ed hereby Lad n~?~t.ured prior to its institu-
tion. The Mo msy farecloee tLis most~,age, as to tl~e amount eo der,larecl due and psyable, and the said ~
pc~mises eball ~~d
~ as~fy aad~~~ ~sme to~ ~rith aost~s, e~cpeaeee, and allowances. In case of partiat ~
a
~ foreclosure of this rt~~ge, the abaIl be sold eubjeCt to tLe eontinuing lien of t~t~ia mortgage ,
~ for the smount ot tbe debt not t~a due nn d: In euch caee tbs provisions d this Parsg~'sph may a8aia be #
~ sv~d o~f tbereaiter fro~ tinoe to tlme by tbe ~~o~ct~geer ~
r I 1. No waivcs c~ an~ oov~asnt b~n or of tbe oblt6stion tecured bereby sbs]1 ~tt aay time thereaiter be held ~
~ b be waiver ot the terms Lec+eof ae af tbe note eec~ued ha+eby.
, .12. The liea ot tbis i~t thall rmasin in fuIl foa~oe aad effeet durin6 ~ay Postponement a exteneion ot
- the time af payment af t6e indebteda~ers ae aay part thoz~eof aecured hereby.
~ 13. Ii the Mottg~gor defsnlt ia aay at the ooveaaata ar a~+ee~neats oo~ntsined Let+ein, or in eeid note, then the
~ l~iort~,a~ee msy perfocnn tbe eamg and aIl ~t~res (includins re~eoosb3e sttorney's fcee) made by the Mortga~ee
~ in so dow ahall drsA intee~est at the nt~epe~ov~ded for ia tbe nnci
~ ~ m(30~ dsys aitee demaud, and, ~~;ether with iateres6 aad cost~aecrued the~i'eon,dahall~be secure~d by
3 `6~bw
~ 14. Upon the reqneet o! tbe Me~ tLe Ltortga~r aLaD ~coecute and deliver a supplemental note or ~
notee for.tbe sum or sums advanced by Mortgagea for tLe sltexstion, modemization, improvement, main- j
~ t~enance, or r~pair oi nid pr~nises, for tasa ~ a~reestnenta againaL the same and fat any other purpose au thor- f
~ ized hereunder. Ssid notie or n~tes ~LaU be ~ewred ha+eby oa a parity with snd sa fully sa ~f the ad~ anoe ;
~ evideaced thereby wexe inclnded 'm the note Srst dacri'bed above. Ssid sup
pletnental ~ote or notes shall bear '
; intereat st tLe nte pmvided for in tLe principal indebtsdaees aad ~6aII bep~
yable in sp pmximatrly cqual {
~ monthly psymenta tor such period as msy be agreed upon by the ereditor snd debtor. Fsil'~ to agrec on ~he ~
~ msturity, tbe ~vv6ole of t~ha aum or sums su advanced shall be due and ps~ able t6irty (30) dar s a(tcr dcm~nd ~
~ by ~ the creciitor. In no eventi abali tlre maturity ext,end beyond tho ultiu~te r~aturity oi We n~te fi~,st ~
deacribed sboTa
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~ i~( ~t7lJ P~6f
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