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Home My WebLink About0478 ` IL ~1 in~~~.lci marc fu~h t,~ pi~~ic•:1 lhc .r.unt) ~~I Ihi, m~~~l~;~~;r lhc n~~~~!, ;.~~;rlhc~ wUA..~n.! w.~.l.l~uuu t.f. Ihr ~noulFi~ ~ ' Illlt~~f 1~1C I~t;tl~.~f iflC Mdl' .C.UIC~' ~~t•iCf~) U111~1C 117.1 ~1.t\ ~~l tJ~fi Ipulltll l~l~:tll !hC ~..~1~1 I:Vt~' 1. ~UII~ (~.~lil. M111 11~ lhC !liutlr.;~~i~ tli: i•~li,~-.. lill; ~11111~' . lei \n.~m~~unl ~u~h.~cnt lu {~i~~~i.i.• 1hc I~~d.1c~ hcieuf ~~uh (c;nd. t~~ tl~~• ~~i~t mu~t~;n~r ~n.u~.~n~r pirnuun: if tlu• :..,t~i~ rn~ .~~i:l ch~ n~~~c ~:.~ncd hrtrh~ .,~r ~n.i~~cd .,i n~.~ntl~l~ .i~.~t~;r un hru ,~t m~~ii~.~~;r ~u.u~.~u.~ ptcniiuuiti ~f Ihc~ .~~r hrlJ h~ ~hc ~r.~r~.~~. ,~1 H~~u.in~; .ind l'ih.~a Ik.riupmros fotlc~w. 111 I( :ux) .u t~~n~; ..u.l n~~Ir u( r~rn d.~1~ .~nd thi. ~n.tiuuiriu .dr in.u~eJ ~tt .uc rrn~.urcd unJrr U~r ~u~~~ ~.i~~r.. ,•1 :hr \.~~~,.n.~i Huu~~n~; ~1ct .~n .~m~~unt .ufhc~cnt a,.~:i~~ir~uL~tr ~n Ihr ti.~nJ. .~f th. h~~tdrr unr 111 m.~u1i~ pii.~t t;~ it..lur d.nr tl~c .~nnu.d ui.~~1 g.i~r m.ur.~ncr ptcmuun. i~ urdrr tu p~~~~~~le .urh holdei Nith !unJ~ U~ p:~~ ~u:h p~rm~un; tu tht 1c.trla:~ ~•f H~~u.~n~; .in.l l'th.~n 1)t~Clupment (.unuenl lu Iht \on~~n.J H~u~.in~: A~ t:~. .~n:rndrd. and :ipph~ah)r R.~:~:i:,u„n.IhareunJC~ .~~r ~lh i( rnd w lun~ a. ..uJ n~~Ir ul rorn Jc:lr .~nJ Ih~. ~n.Irimrnt :~rr hrld h~ Iht lriretan~~~f H~~+i~~nc :~n~l t'rh.~n Ik~ri.~pmrnt m~mthh rh:ugr ~in liru uf a~ur~ga~r in.war.rr prcm~uml i~icA .h d~ t.r in ~n .~ro.~unt cyu.d tu ~~nr-iwrltlh I li 1') u( unr inJf . 1 I;:1 ~r :rntum u( ihc .~~er.~~;e uut.ta~din} h.~l.~nc~ .)ur .~r. thr ~~r~r . „n~utcJ uith~~ut t.~?.in~ ~ntr..~:iuunt Jrltnyurn~i; • , prrpay mtut.. Ihl 1.um ~yu:J tu Ihr ~;~~~ui~~I ~rnl,. i( .~n~ . nt~t ~lur. ptu~ Ihe prrnuum. th ~r ~~:1! nr~1 tx~~~n~r ~hir .~!~~I p.~1.~hlr un M~h.i~. hrc :~nJ uthrr haiard imur.~nc. i~~~rnn~ th~ m~~rt~:.~~t~l pruprrl> . plu. t:~~r, .~nd :~~.e."nrnt~ nc~t Jur ~m Ihc nu~rt~;a~;rd proprrl~ ~:JI c.li- tn.Uad h) ~hr ~iluf{~n¢arl lc~~ all ~um~ :~irr:~Jy pa.d lhatt~u( d~~idid h~ Ihr numha< !nunth~ lu rl:~p~t ht(urc une month priur Ia Ihr d«~r whrn .uin grounJ rrnt~. prr~uu~m.. ~:~~r,. anJ .~,.c..mrnt. w ill t~ec.+mr .irl~nyi«nt. .urh .um~ t~~ ht htld h}' nt~~rlg.:grt ~n iru,t tu p.~~ ,aiJ pr.~und rrnt~. prrmium.. t~~r,, enJ.ptc~:~l :~..,,~m.nt.. an.i 1~ 1 10 pe~ mr~h min~i~,nrJ ~o ~ha tw~~ prtceJ~nL.uh.riuum ~rf ihi, p:~+.~g+aph .in~l .~ll p:~y meiu. tu F.~ m:~dr unJrr Ihr ~utr .r: urtd hrrc M~h.dl hr :~dd~.t t~~grlhci anJ ~hr .~~;l;rr~;:~tr am~~unt Ihrrru( ~h.~ll !w p.~iJ h~ ~ix ntwi~;.~gur r.~r~ Enu~ith ~n ,in~;k pa~ mcnt tu tx~ ap. phrd h~ tht murl~;agrr t.~ Un fulluw ing itrm. in thc.,+d. r ut fu~th. ~1~ prcouum rhar~:r. unJ~r Iha :untr.~rt u( imur:,n.r Nith thr ticcrrt:~r~ ~d H~~u,in~ anJ l'rh~si Ik~rlupmrnt. ~~r munthl~ ch.ugr :in Gru.~t murt~;:~tic in.wan~r premium?.:,. thr r:~.r ma~ tk. ~lll g~uund r~nt.. ta~a.. ~.,t.~mrm.. firr. auJ uthrr h:~iard in,ur.~nrr prrmium,: 1111 iatrrr,l un Iht n.~tr urrJ hrrehy : and . ItYI amurti~~tiun uf Ihr princip:d uf ,:~id notc. ~n~ Jch:itn~y in thr .~muunt u( .u~h .~~reg.~t~ mu~nhl~ pa~ nirni .h;,ll. w~Ir., m:~Jr ~u.xi h~ 1ha murtg.~gor priur tu thc Jue Jatr u(1hi ne~t ,uch p.~~ ~nrn~. cun.titute an r~rm ~i( dtLwlt under Ihiti murtg.~gc. 'Iht Olu![gagt~ t71.~} r~dlrrt ~'~latr rhargt" not t~ e~cerJ tW o ccnt. I_'cl to? rarh dullar IS11 uf rarb paymenr morr than littrrn 1151 Jay, in :,~rc~r. t.~ ~u~zr the ~~ti:, ~~pemt im~~1~~J in hanJling drlinyurnt paymtnt,. z(hat it thr tutal uf the pe~ mrnt. madc h~ tht murtg.~g~~r w:drr ~ ht .~t par:~~;r.~Th ' pre.~ding .hall r~ceeJ ~he :~mou~t o( the payment. - :~clu:dl~ maJr M the m~~rtg:igre. fur ~;ruunJ ~rnt,. t;:~r. anJ a..e.,mrnh :+nd imuran~c prrmium.. :+c thr ra.e may t~e. .uch racr.~ it the loan is current, at the option o( the mottEaKor, shalt, be credited c~n subse•yueot paya~ents to be maJe by the mortgagor, or refunded to the mortgagor. 1(, howeve-, the monthly pxyments made Dv the mottgaqor under (e) o[ paragraph 2 prece.',ing sAall not bc sufficicnt to pay grouad rents, tares and assessments aod insurance premiuu~s, as the case ma~• be, when the same shall become due and pay- able. thr.n the mort~;agor shall pay to ihe mortgagee aay amoun• nec~~sary to make up the d~ticicncy, on or bctore the date when paym~nt o( such ~round reatc, taxes, ussessments, o• ;nsuraace preu~iums ~h:+ll be due. I( at aay time the mortgaRot shall tender to the mortgaKee in accordanc~ with the ptovisions uf the ~ote secured hereby, iull paymrat o( the entire indebtedoess represent- eJ thereby, the mortgagee shall, in computfaR the amouot oi such inJ~btednesc. credit to the account o( the mort~aKor all payments made uoJe~ the provisions o( (a) of pa:agraph 2 hereof whic.h th~ mqrtEaKee has not become obligated to pay to the Se~retary o( tlousinR and t?rban Development and any balancc remainiag in the funds accumulated under the provisioas oI (D) of said~ paraqraph 2. If thcre shall be a default undet any of the pro~•isions of this mo~tgage, resultiag in a public sale of thc premises covered hcreb~•, or if the mortgagce arquir~s the ptopcrh• otherwis~ after default, the moctgagee shall apply, the t6e time o( the commencement of such procePdings or at the tim~ the property ic uthertivise acyuired, tA~ balance then remainia6 in tl~e funds ~ccumulated under (b; of paragraph 2 pr~ceding as a credit a~ainst the amount o( principal theo remain~ng ~npaidlynder said note aad shall properly adjust any p~}•ments :.hich shall l~aee been mad~ ~ader (e) o! said paragraph. - _ : 3. "fh:+t he W ill p.~y all ta~cr. a~.c.,mrnt._ w:+trr r.i~r,. .~nJ ulher gu~rrnmentaJ ur mi~nicip.il rharge.. fine~. or im~xiti~~ns: for whid~ pru- ~i.iun h:,. nat hre~ m:~dr hrrrinbrfor~. anJ ~n drfa~ult thrrcu( th~ m~~rl~.:~~re m.i: pe~ th~ .:~mc: anJ Ihat he wilf pT~~g:ptly dttivrr ~h~ utTir~:,l t , rrrr~ph theretur to thr murlga~rc- . 'lhat he will permit. commit, ur wder nu w a~tr. imp:~irmrnt . ut Jclrnoratiun ~~f ,aid pruperty ur am• part Ihrrrof: anJ in Ihe evPnt of Ihe (.ulure ~~f th~ mortgaFor tukcep th~ twiklings on .aiJ prcmi.r+:~nJ tho~r ta F.r er~.teJ an ,:,iJ premi+e~. ~~r impru~cmenl~ thereun. in g~x?J re- pair. thr murtgagte'may make wch tlpxirsis in it~ JiK:retion it m:~y Jrcr?: nc.r..:+r~ fur the pro, er pre.rr~atirn lhrreof. :~nJ Ihe fall amuunt of c:~ch anJ r~rry wch payment shall t?e imme~liately Jur anJ p~~~:+bk. and .h:Jl t+z +e~urrJ M~ 1hr lien u( thi. m~xlgaEr. That he will pay all and cingular the costs. charFts, anJ e~prn~r.. incluJing reasonahle I~wyer's fee~. anJ cotit~ uf aMttarK u( ti11e. in- :urred ur paid at anq timc hy the m~.rtgaget beeause o( the failure u~ the p~rt of the murtgagor pr.~mp~l~ rnJ fully to perturm the agreement~ ~ ~nd ro~enanh of wiJ prumi.+ory note :~nJ thi~ murtgage. anJ ~aid c~~~ts. chargec. anJ ~ tipen~e. ~hall he immeJi:~tely Jue anJ p:i~ ahle .~nJ .hall i he ~e.ured hy the lien of thi~ mi,rtgagr- ~ '"fh:u hr w ill A~ep thr impro~rment+ n.~w existing ot here:~fter rrrct~d un Ihe murtgagcJ pmper~y _ inwrrd a~ ma} he reyuired frum timr ~ tu time by the mort~agee :~gaimt lu.~ b~ fire anJ uther hazard~. ca~ualtie.. and cuntingen:ie, m wch :imuunt~ :md for ~u~h ~triuJ.:++ may br ~ rryiured b~ mort~ger. ~nd Ni11 pay prumptl~ . whrn Jue. am prrmiumc on wch in~uranct (ur payment ot Nhirh provi~iun ha. not hern maJr ~ hereint+rfore. All imur.mce.hall he ~arrird in companie~ appt~~~eJ b~ mortgaKee and tFx poli~ie. anJ renew~l~ thereof .h.dl hr hrlJ b~ murtga- _ gr~ and ha.r a~tached there~u lu.+ pa}:~hlr :I.,u.e~ in favur of and in i~~rm arcept~Me ta tht mortgacre. In event uf lo.. he w ill gice immeJiate ~ ootice hy mail to mortgagte. auJ mor.~;:~gee may make pruo( of luc. if nui m~Je pn,nep~ly hy murtgagor. and e~~h inwr:mce cump~n~- con- .rrneJ herehy ~uth~xizeJ and JirecteJ te~ make payment (or .urh loss JirecU~ lo murtgagee instead ot to mortgagor •rnd murt~gee juintly. anJ the imurance pn~ceeJ~. ur :iny prrt ~here~it, may be applirJ by mortgagee ~t it, optiun either tu the rcJuction of the indebtedne~~ hereby ~ecureJ or tu the retitoratiun or repair o( the properi~- Jamaged. In event ot fureclowre of thi~ mortga~e or o~her tran.[er of tiUe to the murt- gagrJ pruper~~~ in e~tinguishmen~ of 1he indehtedne+. ~ecured hereby. ~II ri~;ht. ti11e. :mJ intrrect of the mi~rtE:+gor in anJ to any imur.mce {xdi- cie. thrn io force ch~ll pa.t to the purcha+rr ur grantet. 1t. "thal if the premi~t+. or any p:+rt therruf. be condemneJ und'er :m} power o( eminent domain. or acyuired tor a public ux. Ihe dam.~ge+. procreJ.. and the con.iderativn fur wch acyui.ition. tu thr e~tent of tt?c full amourit o( indeMedne~~ u~wn thi. Mortgsge. anJ the Nute .ecureJ hereh} rrm:~ining unpaid. are herehy a++igneJ b~ thr ~turt~:+gur w Ihe ~turtba~ec anJ ,hall t+e paiJ torthwi~h to the ~tungag~e to t?e applieJ b~ ~t un acruunt uf Ihe indehtene.ti ~ecured hereM . wheiher Jue or not. ~ '1. lhal the murt~gce may. at ~ny time pending a tiuit u~m Ihis mortgage. apply to 1he court havinR ~uri.diclion thereof for the •rppuim- ment o( a rcrr~~tr. and wch cuurt .hall forthwhh ap{x~int a rrceiver of the premicts covered hereby all ~nJ >ingular, including ull and ~ingular the income. prufih. i.,ueti. and resenue~ from whatcver source Jeri~•rd_ each and every of w•hich. it t+eing e~pres,ly unJerst~N~d. i. herehp murtgaged if .pe~ifiraily ~et torth aoJ descrit+ed ~n the granting anJ halxnJum ~lau;es here~~f. ar,J such receiver shall have all the hroad :~nd etfec~i.e functium .,nd puw~rti in ~n~ wi,e entru~ted hy a«wrt tu a recei~er. and ~uch :+p~wintmrnt ~hall he made b~ .uch eour~ an :~JmiueJ rquity ~nJ mattcr uf ah,ulute nti:h~ U~ .aid mort~gee. and withoat reterenre to 1hr aJeyuacq ur inaJequary uf the ~ alue ~~f Ihe pruperty m~~rl- ~ e,~crd ur ~he ~uhtnc~ ur imuRcnr~ ~~f ..iid mort~a~;ur ur thr defcndant.. nnJ thal .u~h rent~. profit~. inc~~me. i,;uc.. anJ revenuc, .hall he applied ht ~urh receiver :~ccurding to thr lien of thi~ murt~tage anJ Ihe practire ,unc ~uurl. In tF?e e~~ent ot any def:~ult i~n Ihe part of Ihe mor!- g:~gon c~reu?hfer. Ihe mort~:ag~~r a~rer. to pay tu 1hr mortgagec an demanJ u. a reawnnble monthly renlal (ur the premices an ami~unt at lea~t ~ cyui~:~len1 to unr-Iwrlfth 11~1'1 of !he a4;regair u( thr Iwelve m~~nthly imtallment~ payahle in the Ihen current ~ear plu~ the :+ctua! amuunt ~~f thr annu:J ta~~.. a.~e.timentti. water r.~te~. anJ imuranre prrmium. fur wch yrar not covered b~ th~ atore~aid monthly paqments. ~ ~2 Io "~hat ~al in ~hr evem o( anp hrrach of Ihi. morlgaFr ur de(:iult i~r the p.~r~ uf thr murt~agur. or IM in 1he event ihat any~ of .:~iJ ~um~ of ~ mune~ herein ref~rreJ to tx not prumptlp :~nJ (ull~ paiJ Hithuut dem:iod ur ~olicr. or icl in the event Ihat eacb ~nJ e~ery tht .tipulations. :~~:rermemti. cundi~iun~. anJ cuvenant~ of .:~iJ note and thi~ morty,aYC. c~re n.a July. prumpUy. anJ tully performed: Ihen in either ur :~m~ wch ~ rvent. ~he ~aid ag~:rcgate ~um mentiunrd in .:~iJ ni~te then remaining unpaiJ. with intere.t accrued t~~ Ih:~t time. and all muneyti.ecureJ hereby. ~ +hall tucume due ~nJ pay ahle fi~rthN ~th. ur there:+f~er_ :il the option of ti:~id murtFagee. ac fully and completel~~ ati i( all uf Ihe said tum. of mon- ~ ey were uriginall} +tipulateJ to be p.~id un .uch day _ anything in ,aiJ note ur in ~hi. mortgage to the cantrary rwtw•ithstanJing: aod thereupon or ~ thereafter_ at the option of .aid murtgegee. wilh~wt n~~tice ur dcm;~nJ. tiuit .+t law ~~r in equi~y. m:+~ t+e prosecuted a+ if all moneyc ~ecureJ here- ~ ~ Fy had matureJ prior to its m~titutiun. The murtgagee may (ureclo~e Ihic mnrtgagr. ati to the :~mount ~o Jeclared Jue and payable. and the tiaid premice~ ~hall tx sulJ to ~:~ti.fy and pa}~ Ih~ .ame tuge~hrr with co.t~. r~R+en.e..:uid :~Il~~wance.. In case of partial toreclo~ure ot thic morlgagt. Ihe mortgagrd premice~ ~h:+fl he .o1J wbject to the cuntinuing lien of thi. monF:tge fur the amuunt of Ihe deM not then due anJ unpaid_ In such caie the ptovision+o! thic paragraph maj• again Fx availed of thererfter frum t~mt to ~ime by the mortgagee. ~ _ ~~~~~j~ 7 ,~<< ~7~ - ~ N _ _ ~ ~ ~k~__. - ~ , .