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Home My WebLink About2603 tender to the Mortgagee in aa~ordsnc.e with the pro~isions a~ tl~e note eccur~d l~ercb~. lull ps~ment ot the entire indebtednees represen~ed therebv, the Mortgagee, as t_ruslee~ sh~ll~ ia canputing tl~P ~mount oI auclt indebtedaess~ credit to the ~ccount o! t~he Mortgagor eny credil balance remaining under tl?e' provisiona oi (e) ot said paragraph 2, II there shall be a default under tns ot tlie provieions oi thia ~~tortga~e resulting in a public sule of U?e premises covered hereby, or i( the Mortgage~ ~cquirea the propert,r otlierw~se after default, the Morigsgee~ as trustee~ ehall apply, st the tirae o[ the cananencement oi euch proceedings or at tl?e timr the propert~ ie other~ise ~?cquired~ the smount then Fenisinin to credit of Mortgegor under (a) of paragrapli 2 precediag ~s a credit on t,t?e intere8t accrued and unpaid and ~e balance to tLe principal then rniuaiuing unpaid on said note. 4. He will p~y alI ta~cea seeeeennenta~ wster rutes. and otber ~oTeramental oe munfciP~1 oharBes, fi.nes. or t impositione, tor ~vhich proviaion bas not been m~de hereiabefore, ~?ad i.a def~ult thereot the Mortg~r8~ ~?Y P~Y ~ ewne; and t6~ Le will promptly delivec the o~cial reoeipta tberefor Lo tbie Mortgegee~. . a. He witl perrait~ oommit~ or suBa ao waate, impsirnneat, or deterioratIon of ea~d property oe any part thcreoi except reae~nable wear snd tear• and ia the event ef the failure of the Morl~or to keep t6e buildiag~s on saic~ premieee and t,ho~e to be ctrecte~ ~ wid pee~ises~ a~ impr~nrementa Wereon. ,a good ~nep~ir ttre Mo~tgngea mny mslce euch repaire ae ia ite diecretio~ it m~? deem aeoeeeary far t~he proPer P~servstion the~o~ aad tbe fult unnount oi each and every ~uch p~yment aball be due ~ud pyrabie thirt~? (30) de~ys ~[Ler demand, ~nd ahsll be eea~u~od by _ ~Le li~n oi thi~ mortgaae. . ; ~ AA s~2~ raaar a~~ awr~ s~eesss:lna ~~sa sL~s~la !sa<sv ~ ~a 7::~tws s~=awws{a1~! y~ ` a~ ~j~ ~ . ~ wl~{~~GW ~l ili~ 1{1~r~t~. j ~ d~a vM~M~ W~~ M~Y M/~!/WO60~ Y~WYW~~ aNWLNV?~r W~•o~, A4~ Wb18 ~ pa~ Y~qy time by t~e~Iortgagee becsuee of the failure on the part d the Mort~o r P~'~P~Y i?~?d f~y' to perform the ~reementa ~nd oovenanta of eaid promies~ry note aad this mo , and eaid ~8~, aad expenees sbu~ll be immediste~ due and pgysbje and s4sll be eeaured by the liea ot~mortgsga 7. He wiIl eontanuonne~j m~intain buard insuraaa, of auch type ortypes snd amonnte ss Mortgag~ee may irom time to lime require, on the improvementa now or Le~natt~er on eaid p~~ and excegt wLen payment ior ull such ) ~r premiums haa theretofore been made under -(a oi paragra~h Z~ereoi he will psy promptiy when due an~ pnmiuma tbereior. All inanraace a64U be csrried in oomP~88 sPProve~ by ~iortgagee and the poli cies and renewals Wereoi ahall be held by Mortg:gee and Lave attached tLergto ioes psyable cLusee in isvor of snd in form ~ooeptable to the Mo In event of loes he ~vill give imme8iste notice by mail f~o I~ortgagee, •ud Mortgagee m~y mske proof~u~ it noti made pmmptly by Mortgagor~ and each maurenoe company eoncerned is hereby~authorised and directed to maks p~yyment for such bes du+ec~y to M~~a~ instead of to biortgagor and Mortgagee 'oinUy, snd fhe iffinranoe prooeeds, or aqy part there~f msy be app7ied by Morw ~gee at its option eit~Lar to ~e reduction of tbe indebtednees Lereby seeured or to t~e restoration or repair of the propertj dama~ed. In event of foreclosure o~ tbis mo~or other 4ywsier of title to the mortgeged m~~ to ~"~ns~urance~polu~ s~tLe~~ndia io~roe~iball~ps,9s to~tbe~pum,La~ser~'o~r grant~~ee.~t~ereet of the Mortgagor 8. 1[ tl~e preiri~ees~ or ~?n,r part tlicreof, be conc~emnecl nnder the power ot enunent domain or acc~uirnd fer s public uee, tfie deuiages s~varded, tl~e prooeede for the ~oi or the considerstion for suc•fi arqur~uion~ te the extent ot the tull ~unount oi the renuining unpaid inde ted'nees aecured b~ ihis n~ortga~,rn, arn l~ereb~ assigaed to tl?e Mortgagee, and his heirs or assi~gns, and shall be paid torihw?it~h to said Mortgagcr or lua asa nee to be applied on account of the last ir?sturmg installments of suc4 indebtc?dne~; provideci, lio~e~~r, a the~o ee or hrs asai~nee, msy at his diecretion pa~ direct to the Morigagor, lus )tei~ or assigns an~ puL or sll o[ suc ~ sw•ard; pro~nded, thst ~f the loan is Euaranteed or insured, tlie conaent oI the guarautor or inswer is obtained in sdvance of raid pi?~~nen~. 9. The Mort~agee ~Y: ~~l' s snit upan t~e ~~age, epQly to the ~ourt hsving juriscHotion thereot for the appointment ot s reoeiver, and such pourt eha11 forthwiW sppoint n reoeiver of the premiees ~overed b~ereby i?ll a~d eingular, including all aad eingular the inoome, P~'os~, mnd revenues from whatever eouroe derived, a?ch aad every of whic6, it being a~p~ely undetstood, ie hereby mortgaged as if apecifically eet fortk snd deacribed in the 6ranting and habendum eleuees hereof. Suchsppointmeat eLall be made by such court ss an admitted equity and s matter of abeolute rigl?t to esid Mortg~ee, and ~vithout refer~noe to the adequacy or insdequacy of ihe vslue of the property mortg~ged or to the eolvency or insolvenay of esid Mort$agor or t~e: defendant8. Such renta, pm6te. inoome, ieaues, aad revenues ehall be ~?pplied by such reoeiver ~?oourding to the lien of this mortgage snd the practioe of auch oourt. ~ In the event of any default on the pait of the Mortpgor hereunder, the Mor~tg~:.r # agrees to pay to the Mo on demand ua a reae~nable montiily rental for the premises an amount at lesat equivalent to one-tweUth~of the aggregate of the t~velve monthly inatalimente psyable in tbe then current year plus the sctual amount of the :?nnusl taxea, aeeeesment8, tvat~er sates, and insuranoe premiuma for auch ye~r ~ not oovered by the atot~eeaid montbly paymenta. 10. In the event of s~ny bresch of thia mortgage ar defsult on the psrt of tbe Mortgagar~.or in the event t}?at any of esid euma af money herein r~ferred to be not promptly and fullyp~ d accord'u~g to the tenor hereof, or in the event that esch snd every the stipulations, sgreementa, oonditionr, and oovenants of said note and this mortgage, are not duly, promptly, and fully performed; tben in either or an~i such event~ the eaid aggregate aum mentioned ~ in eaid note then remaining unpaid, ~vith interest aocrued to that time, and all moneye aecured hereby, ahall become ; due and paysble forl,hwith, or thereafter, et the option of eaid Mortgagee, aa fully and completrly as if all of the ~ said sums of money ~vere originnlly etipulated to be paid on,8lich day, anyLhing in Baid note or in this mortgage to ; the oontrary not~rithstanding; snd thereupon or thereafter, s?t the option of said Mortga~ee, without notice or ~ demsnd, euit at la~r or in equiiy, may be proeecuted as if all moneya eecured hereby had matured prior to its institu- tion. The Mortgagee may forecloee this mortgage, sa to the amount eo declared due and payable, and the aaid ' premiees ahall be eold to satisfy and psy the same together ~vith costa, expenses, and allowance8. In case of partial ; foreclosure of this mortgage, the mortgaged premiees ehall be eold $ubject to the continuing lien of this mortgage - for the amount of the debt not then due and unp~id. In euch caee the pmvisiona of this paragraph may again be ; ~veiled of tt?erenfter fmm time to time by the )iortgagee. _ ] 1. No ~rsiver of ~ny oovenant her~in or of the obligation eecured hereby a~all at say t~ime thereafter be held ~ t to be a wAiver of tLe terma hereot oc oi the note secured hereby. ~ ~ ~ 12. Tbe lien of ttiie inetrument shall remain ia full foroe and eRect during sny postpooement or extcneioa o# ; _ tLe tune of payment of the indebtednees ar ~ny part thereof eecured hereby. ; _ , - 13. If the ~ortgsgor defsult in any of the oovensnta or aarcemente oontsined berein, ar in eaid note, tben t~ I~iortgs6ee msy perform the eame, snd all ea~pendituree (including reasooable ettorney'e fees) made by the Mortqa~ee in so doing ahall draw intetest at the rate provided tor in the principnl indebtedncss, and ahnll be repayable thirty (30) days after demand, and, together rvith interoet snd costa aocrued thereon, ehall be aecured b~ ~ ~hiB moct~alo. ? 14. Upon the request oi the Mortgagee the ]?~ortgagor sball r,acecufs and deli~er a aupplemmtdl. a•ts ~r ~ aotes tor the sum or suma advancecl by the biortgagee for the alteratan, modernization, improvement, ~ain- tenance, or repair ot said premises, for taxes or as~essments abainst the same and for any other purpose author- _ ued hereunder. Said note or notes ahall be eocured hereby on A parity with and ~s fuUy ss if t6e sdvance evidenced thereby were included in the note 6rat described above. Said aupplemental note or notes shall bear ~ interest at the rate prorided tor in the principal indebtedness and ahall bepa yable in sp pro~imatcls equal ~ ~nonthly pati~ments for such period as mny be agreod upon by the creditor and deLtor. Failit?~ to t~rec on the - maturity, the w~lsole of the sum or sums so nd~ancecl shall be due and pa~~able thirt,y (30) da~•s after dcm~n~1 - by the creditQr. In no event shtll tLe maturity eatend beyond ti~e ultitnate raaLurity ot LLe no~e luet ~ described above. ~ R ` # ~~7' ~E,~601 ~ ~ ~ _ _ - _ _