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Home My WebLink About0041 ~ , . ~ tender to the Mortgagee in sccordsnc.e with the pmvisio~is ai tl~e note sccured I~ereb~~ full ps;cment of tha ~ entire indebtednesa represented thereb~~, the Mortgsgee~ ua t-rustee~ sh41i, in camputing t!?e auount ot euclt indebtedness~ credit to the account of t~e Mortgagor auy eredil, balance rnmaining under t1tE pmvisiona of (a) oi auid par~agrsph 2. Ji thern ahall be • deisult under sny ot tlia pmviaious of this raorcgs~e result;ng in a public ai?le of the premises covered hereby, or it !he Mortgagee scquu~es the propertr otherwise sltec detault, the Mortgsgee~ aa truatee~ ehall spply, st the tirae ot the coiYUnencement ot auch proceeding~ or at tLe time ; the propert~ ia othPrwisc acquired, tl~e amount then ~emaining to credit o[ Mortg~gor under (s) o[ paragrapl~ 2 preceding aa a credit on W?e interest i?cerued and unpaid and the balonce to tlie principal Lhen reiuauiing unpaid on said not4. . 4. He will pay all tsxe0. aeeeeeane~te, wster nt~ea, snd atLer gov~ernmental or municipal c6argea, ~aea or ; impositio~ for which pmvision haa nuL beea mi?de hereinbefore~ and in defsult thereo~t the Mortg,agee may pay tho ~ aame; and that he will promptly deliver the o~'iaal raoeipta tberefor to the Mortg,sgee. ; b. He will permi~, oommit, or suBer no ~reate, impairment, or deteriorattoa ot ea~d property o~ anp part thereof ' eucept reaeonable wear and tear• 8ad ia the event of the failute of tbe Mortg,sgor to keep thA buildinga on eai~ premisea and thoee to be erecte~ on ee?id premiees, ot improvemente thereon. ia ~ood repm~ir tb~e Mortgagee mey malce such repaire ae in ite discretion it may doo~ a~tse~eary for tbe proper pre~esvatiQa t~,e:ee~ E~,d the full amount oi each aad every such psyment e6a11 bo due and pe`yabb t6Irt~y (30) d~?ys at~ de~ntl, aad' aball be eacured by the lien of this mortga~e. ~ • 6. He w?ill pay all and singular the oosts, c16~~es~and eo~peneee, including reaaonable lsayar's feee, and uoete ; of sbetracte of title, incurred or psid st any time by ortgagee bea?uee ot the lallure on the pe~rt of the Mortgagor ~ Pd'~Ptly and fully to perform the ~ents sad oovensnte of eaid promiaeory note and this mortgage, and said oosts, c6argee, snd e:penees shall be unmediste~y due and pa,yuble i?nd s6e~ll be se~ured by the liea oE thia mor~g,nge. 7. He ~1 oontinuoue~y mwntain Lassrd in~mna, of. such type or~t~pes and amounta as :liortgsgee msy fmm time to time requice, on the impmveanents now or hereafter oa said r~aniaes~ and ezcept when paymen6 tor all such premiums hsa theretofore been m~?de under oi p~ngrs~L Zl~~eof he ~vill psy promptly wheu t due any premiums thorefor. All insuranoe aha11 be csnied in oompanies approve~ bp 11io~g~ ee and the poli- . cies snd nnewala thereof ahsll be held by Mortgagee and Lave stte~ched tLereto loes paysble cravsee ia isvor of t snd in form scceptsble to the Mo In even~ of loes he Rill give immediate notioe by mail to l~iortgagee t and Mortgsgee msy make ,proof~ ~f not msde promptly by Mortg~g~or~ and ea~;h ~uranoe oompanp eonc~erned iB Lereby~sutbonz,ed snd direct~ed to make P4yment tor such loes duec to Mortgs~ee instead oi ~ to biortgagor and Mortgagee joiatly, aad tLe'msnranoe prooeeda, or an,y part there~ msy be ap,pliud by Morw ~gee ~6 its option eitber to the rednction of t~Le indebt~ednees hareby secured o~r to t~e restorstaon or repair of . the pmperty dsma~ed. In even~ of iorecioeau+s o~ this mo~q~, or oth~ t~snater of title to the mortgaged = proper~y in ezungu~stiment of the iadebtednees eecnred Lareby; all righl, t~e. and inte:+es0 of the Mortgaga~ in and to aay insuranoe policies ~Len ia foros ~Lall psas to tLe ~ee~ o~ graatee. 8. If t)ie premises, or ant- part tLcreof, be oondenmed under ~he po~ver o! eminen~ donuiin or uc~uirnd i~r ' a public yee, tlie damages sw?ardetl, tl~e proceede for thet,a~ng oi or the considerstion for sur~i acqu~~tion~ to ~ the extent ot the iull amount of t,he remaining unpaid indebiec~nees secured b~ thi4 mortga~e, arn lieieb~ sssigned to tl~e Mortgagee, snd his heira or aesigns, and ahsll be p4id torth~ri~h to 8aid Mortga~;cr or lus ~s~gn~ee to be applied on account of the Lat msturing installments of such indebtednesa; pmvided, l?owev~r, the Martgegee or his asai~nee, ~nsy at hie diecretaon pa~ direct to the Mortgagor, lus Iieus or assigns anr paet or all o[ such aw•ard; pro~nded, thst if the ban is gtiar~nteed or ir~swred, the coneeut ot the guarantor or insurer is obtained in ~dvance of said pa~nenL 9. The Mort~agee may, st any time pe~din6 s suit upon t~is morf,g,~ge, spp~ to t]~e eourt Laving jurisdiction ~ thereof for the s?ppointment of s reoeiver, atid such eourt sball fortLwlth sppoint a reoeiver of the premi~ oovered Lereby all arid eingular, including all snd sing~ler t~e I~~, and reveaues fmm whstever eouroe derived, ~ach and every of which, it being e:preesly u~~, ia hereby mortg~ged aa if specafically set forth and deecribed in the aranting snd habe.ndum elsuees bereof. $nchspprnn tment eball be ms~de by such eourt as sn admitted equity and s matter of abeolute right to ~aid Moitasgee, ~nd witho~ut refer~aoe to the sdequacy or inadeqnacy of the value of the property mortgaged oe to the solv~acy or insolvenay of eaid Mortg,sgor or t~e defendanta Such rente, profite. inaome, issues, and revenues e6all be by such receiver a~oordin6 to the lien of this mortgage ; ~ and the practioe of such oow~t. ~ In the eveat of an~? d~ it on tLe af the Mortg,sgor bereunder, the Mortgagor 4 n ` agt+eea to pay to the Mo on demand as s ieaeonsb~e mu~ rental for the premisea an amount at least ' ~ equivalent ~Lo one-twelfth of tbe aggregste of the twelv~e monthly inetallment8 paysble in the then cun~ent < ~ year plus the sctual amount of the annusl ta:ee, aaeee~neats, watet satea, apd insursaoe premiuma for such yeat not oovered by the aforeaaid mont~? psymeaf~s. ~ 10. In tbe event of any bresch of t~a mortgage e~ deisult on the pstt of the MortgRgorr.or in the event thst ; any_of esid auma of money herein referted to be not promptly and fully paid aocording to the tenor hereof, or in the ~ event that each snd ev~ery the st3p~ilsttons, ~+eem~enta, ooaditio~, aad oove,naata of aaid note and this mortgage, ~ are not duly, promptly, snd fully performed; thea in eithet oc a~,y sueh event, the eaid aggregate sum mentioned ~ in 8aid note then remaining unpeid, tvith intereat aocrued to that time, and all maneya secured hereby, shall become due ~+nd pe~yable forthwith, or theresfter at the option of said Mortg~gee, as fully and oompletely as if all of the ~ eaid sums of money were odglnally stipuf ated to be paid on euch dsy, anyLhing in eaid note or in this mortgage to ; the oontrary notwithstanding; snd theresipon or tbereafter, st the option of said Mortg,agee, without notice or ; demand, suit st lawr or in equity, msy be p~+oeecnted a~a if all moneys eec~~red hereby hsd matured prior to its institu- ; tion. The Morigagee may foredoee thja mortgage, ae to the ~nount eu declared due and payable~ and the said premises ahall be sold to eatisfy and pay the same together ~vith ooeta, espevsea, and allowances. In case of partisl foreclosure of this mortgage, Lhe mortgaged premises shall be eold eubject to the oontinuing lien of this mortgage ~ for the amount of the debt not then due and unpsid: In suc6 case tbe provisiona of this paragraph may agaia be ava~iled of thereafter from time to t~me by the Eiortgagee. ~ 11. No waiver of any oovenant bsrein or of the obligation sec~ned Ler~by shall at aay time thereafter be hcld to be a ~vaiver of the terma Lereof o~ of the note secured hereby. z 2. The lien of tbia tnstrumeat ehall remsia in full force and effect during any postponemcnt or extensioa of ` the tjme of payment of the indebte~ne~ ar s?ny pert thereof eecured hereby. ~ ~ 13. If the Mortgsgor default in any of the ooveaants or agrcement8 oontained herein, or in said note, then the ~ Mortgagee ma pedorm the same, and all ~diturea (includin reaeo~nsble atto s fees made by the I~iort~a~ee ; ~ in eo doin -shall draw interest st the rateprovided for in the principal iqdebted'nc~s, and she11 be repa~•able ~ ~ thirty (30~ deys after demand, sad, together ~rith iatsres6 snd oosta aocrued thereon, shall be secured by ~ ~ th;s mortgaga ~ ~ 14. Upon the sequest oi the Mot~gage~ the Mortgag~or shalI e~secute snd deliver s eupplemental note or ; th y th rtgs~ee~ for the alt~eration, modernizstion, improvcmcnt, mnin- ~ tates for e sum or suma advancod b e 1~io ; tenance, or repair of said premises, for taxea or aseeesmente against the aame and for any other purpose auti~or- 1 ~ ized•hereunder. Said note or notes shall be secnred hereby oa a parity with and ss fully as ii the ad~•ance : evidenced thereby ~vere included ia tha note Srat desctibod above. Said aupplemental note or notes shall bear ~ ~ interest at the rate provided for in the ptincipal indebtainess snd shall be pByable in approximatct~- eq~,al ~ monthly payments for such period as may be agreod upon by the creditor and debtor. Failin~ to x~rce on the # maturity, tho whole of the sum or sums ao sdvanced shail be due snd pa~ able thirt,y (30) dn~ s aftcr ~lcn~s»ci by the creditor. In no even~ sbalt tLe maturity extend boyond the ultimate r~?turi~y ot the no~e first ~ described above. ~ BOOK ~.el~ PACE ~ ~ ~ ~ - x . ~~~~v - - - - - • - - - , s~ - ~ -