The URL can be used to link to this page

Home My WebLink About2110 . ~ . . tsader ~to t,he 'Mor~gagee in wcocdance witl~ the pcavisions ot tl~e nole aecured hereby~ ttsU psyinen6 ot the entire indebt~edness npre~ented therebv, the Mong~gee~ as trustee, shaU~ in computing the amoun~ ot such indsbtsdne~s~ credit to tl~e accounl, ot the Mort r sny abd~t bulance reinaining under ihe provisions ot (s) es oi a~id ~ph 3. If lhere shall be a deis ~ unde~ aay:o[ the provisior~s o[ this inortg~e resulting in a puWie sate o the premieea covered hereby, or i~ the Morcgagrs ucqw~es t,he pmpeny otherwise aftsr detault. the Morig~gee, as truatee, sh~tl ~pply, ~t the time ot the ca~unencement oi euch proccedinge or ~?t Wie time the properiy o otherv?ise ucqu'ued~ the amount then reuisining to credit of Mortgagor under (a) ot paragntph 2 preceding ~a a credi~ on the intsrest ~ccrued and unpaid ued tha balance w the prwcipat ~hen r+emainiag uapad on wud not~e. 4. $e wW p~y alt taxe~ ae~e~me~b, wsks »tar, ~nd oWee pveroinental oe muniolP~1 e6st~e~, tiae~. ae ~P~~, fo: wbio6 provi~ion bas aot been mads Dei+~inbetors~ aad in det~ul0 thereot t6~s Moctp~es ayy P~Y ~ ~ams; and t~! M wW pampLly deliver t6s o~cuJ reoeipts t,bentor to We Moctp~es. 8. He ~rjll pe~mi~, o~mmlt~ or suH~ no waats, lmpairment, or detiatioratio~n d e~W pcoper~jr a~ aay ~ri t~hereot eacoept re~s~nsbis we~r and t~ear• ~ad in tLe eveat ot tLe tallurs ot tbe M~ to keap tLs build~nas oa s~ premises and t~ba~e io bs ereot~ on aW premi~eS a.imPmvemeata thereon, In-~ood np~ir tba M as aoalce sueb np~ira as in iLs diaeretioa it mny deeon tieoees~ty for t6s~~ropee pc~eec~vatioa thereo~, aad tbs~ u~at ot e~ah sad every such paymeat sbi?U be dus ~nd P~,Ysbk thir~y (~v) dsys atta~ demand, aod ~l be aeauted by tM lisa ut t6Lt mort~s. d. He wiU p~y all and dn6uLr t6e oost~, elh~~aad ~pen~ee„ includina reaaonsbk Lwye~'s fees, and oosw ot abdaac4 ot t3tb, iacurrod os p~id at aay tinae by ort;ag~e becwee of tbe f~ilurs on the Qar! oi We Mort~or Pt'omP~ly aad t~y to perform the a~reements ~ oovenants of satd promiasory not~e and t6ia anort~s , aad a~d oosts, eharges. anc~ expenses stu11 be imanedistely due aad payabb sad e~11 be ~ecu~d by tbe lien o[ tLie morta,nae. 7. He will oontinuoueU maintain bassrd insuranos, oi such 6ype or t~pe~ and announts as Mortgsgee mny irom time to time require~ on tbe impmvemeats now or Lereafter on ssid pr~misee and excepL when p~ymeati tor all ancL premiums has t6eret,ofore been made under (s of pongn~h a 6ereoi ~e vviU pa~ promp~,~y whea due an~ premiums Lhcrefor. All insunace shall be ~ in companies opprove~ by M~ee and tfie poli cies and renewals thereof ahall be held by Mortgagee snd bava attsched tbereto loes psyable uees in iavor ot and in Iorm aoceptable to the Mor ~agee. In event oi loss hs wiU give immedi~Ls notioe by mail to Mortgages, „ . aad Mortgagee msy an~ke,prooi ot loes ii not made prompt~y by Mortg~gor? and eacL msuranos oompan~ ooncerned is hereby~suthonaed and directed to maice p~yment for such loss dtrectly to Motgag~ m~etead ot to Mortgagor snd Mortgagee jointiy~ aad the insurance proceeda, or aay part tLereof auy be Rp~ - rptied by Mor6. ~a~e at ife option eitiher W t5e reductaon oi tLs iadebtednees hereby eeeund or to t~e restor~taoa or repair of the pmperty dume~ed. Ia event oi foreclosure oi this mortgage or other trwafer oi title to the mortgaged ~ pmperty in ext~ingu~sh~ment ot the indebtednees eecured hereby, a~2 right, title, and interest of the Mortgagor m and Lo sny iasursnoe poGcies then in torce a6aU p~ss to tbe purch~eer or gcantee. 8. If the pre~uis~~s~ or nn~- part thereo~, be ca~den~nPd un~lor the power of eniinent don~am~ or acguired tor a public use, tlip da~nsp,es awarclecl, tl~e proc•eecls for tl~e taking ot, or the eonsiderotion [or sucl? acqu~aition, to tl?e e!ctPnt of tLe full amount of tl~e remaining unpaid indebte~lness sprured b~ tLis n?ortgage, sce liereb~• assigned to tl~e :4tortgagee, and l~is h~irs or assigns, uncl sl~all tx~ paid torthwith to said Morlgaf;ee or l~is ass~ nee to be applied on acrount of the last iiiuturinK n?slallu~ents of such indebteclness; provideci~ howcver, the :4lortg ee or 1?is assignee, n~a~ at liia disrrMion pa~• d'ue~•t to the Morlgngor,l?is l~cirs or nssig~is any par6 ss or all of suc ? awanl; pro~ided~ tl?at if the loa~i is ~uornntee~l or insured, the consent of the guarantor or insurnr is obtained in aclvance of said pa~ nient. 9. The Mortg~gee may~ at any time pending a suit upon thia mortgsge, APP~Y ~~8 j~ then~of for the appointment of s receiver, aud auch court sball forthwith sppoint s reoeiva of t6e premieea eovered hereby sll s~id singular, includins aq and aingular the income, pto6te, iasuee, end reveaues fronn whatevet eource derived, e~sc6 and every of wtdch, it beiag e~cpresaty underatood, ia hereby mort~ged ae if apeci6caily eet forth aad deecribed in tbe granting and t?abendum clauaea hereof. Such sppointment sLall be msde by such oourt as sa admitted equity and a mstter of ab~olute right to ~id Mortgagee, and without rEfereaee to the adequacy or inadequscy of tbe velue ot the pmperty mortg~~,ed ar to the eolvenuy or insolvency ot eaid Mort~agor or t5e def'endante. $uch renta, profits. inoome~ iasuea, and t~even~ea ahail tse a~ppGed by euch reaiver aooordiag to tbe liea of this mortgage snd the prsetiee ot such oowrt. In the event of any default on t~e part of tbe Mortgsgor hereunder, the Mor~tgaaor ag~ees to psy to the Mo oa deanand as s reaeonabte montbly rental for tha premisea an amouat st leaet equivalent to one-tw~eUth of We agRreg,ate of the twelve montWy iaste?[tments p~yable in the tbea current year plus We actual amount ot the annuat taxes, se~snnenta, water ratee, aad insuraace pr~iuma for aucL yeas no~ oovex~ea by tbe aloreaaid monthlY P~?Y~~ 10. In the event of any b~+each ot thia mortgsge or defsult oa the part of tbe Mortgagor, or ia the evabt thst any of asid suma of money herein referred to be not promptly and fuUyp~ d ac.cordu'~g to tbe tenor hereof~ or in t6e event that each and every the atip~ilations, ag~eemente, oonditions, snd oovenanta of aaid note aad this mortgage~ are not duty~ pmmptly~ and fully performed; then in either or sny auch event~ tbe eaid a~gregate ~m mentioned ' in eaid note then r+emainin~ unpaid, with interest accrued to that time, and aq moneys eecured henby, e6slt beoome ! due and psysble torthwith, or thereatter, at the option of eaid Mortgagee, sa fully and oompletely as if all of the siud eume of money were orig~nally stipulated to be paid on aucb dey~ anythins in said naLe os in thia mortgage ta t6e oontrary notwithataadinE; sad thereupon or theresfter. at the option of said Mortgagee, w?ithout notaoe a~r i demaad~ suit at law or in equit~, m~?y be prosecuterl sa if all moneye eecurEd hereby ha~d matur~ prior to ita inatitn- ~ t~ion. The Mortgagee may foreclaee thia mortgage, a8 to the amount eo declsred due and gaysble, and the said ~ pcemieea shall be eold to eatisfy and pay the same togeti~er wit6 ooate~ expeaeee, and aliowancea. In caee of partia~ ` foreciosure of thia mortg~ge, the mortgaged preraiaes ehaU be sold aubject to the oontinuing lien of thia mortgage ~ for the smount of the debt not then due and unpaid. Iu such ceee t6e provisiona of this psragreph may agaia be ~ sv~Ci of thereaiter from time to time by the Mortgngee. ~ ! I 1. No wsivet of any oovensnti herein or of the obligation eecwred hereby s6all at any time thereafter be hetd to be s Waiver of the terais hereof or o! the note eecured hereby. i 12. Tbe Iiea of this insttument ehall remain in fult force and eBect during any poetponement or estenaion af ' the time of psymen! of tbe indebt~edness os sny part thereof secured hereby. ~ 13. If tbe Mortgagor defsult in any of the covensnte or agreemente oontained herein, or in aaid note, then the Mortgagee mi?y pertorm tbe eame, and all expenditurea (including naeonable attorney'a fees) made by the Mortga~ee in eo do~n shall dnw interest at the rste provided tor in the principal indebtecinese~ and ahall be tepsysble thirty (30~ days siter demand. sad, together with interest snd costs accrued thereon, shsl! be secured bp tbis mortg~ge. l4. Upon the request of the Mortgagee the l~iortgsgor shaU eaecute snd deliver a supplemental note or notes for tbe aum or sums advanced Dy t,he titortgagee for the slteration, modernizstion~ improvement, msin- tenance, or tepair of said premises, for taxes or sseesamenta sgainst the same and for any other pur{x~se author- ' ized hereunder. Said note or notes shall be secured hereby on a parity with and as fully as it the advsnce ! evidenced t6ereby were included in the note 6rst deecribed sbove. Ssid supplemental note or notes shAll besr I intereat at the rste pmvided for in the principsl indebtedaess snd shall beps yable in s pm~imately equal monthly payment,s for such period sa msy be agreed upon bp the creditor snd debWr. F' to sgree on the maturity, the wbole of the sum or sums eo ~dvanced shall be due and pay$ble thirty (30) dsys atter demar?d bp the creditor. In n~u event shall the maturity extend beyond the ultimate r~sturity of t6e note firat de~cribed above. 6CuK FACF ~~U~ =~~~x~ ~ ~ _ - _ _ , - - - - ~ N~~~~ : _ _