The URL can be used to link to this page

Home My WebLink About0622 i i tender to tI~P T~1otlKty;r~• in ~u•curdwuci~ v?•i~l~ ti~r pruv~,iuus o~ th~~ nu~~ ~,t•~•urrd h~•r~•b~•. tull ~~u~~u~ent uf thc rntire indebtednc~s repn•bcated therebv, t1~u !~lortgagee, as trustee, xh~il, in cuni}?utii~g thP uiu~?u~it ot ~u~•1~ indebteelneas. credit to tLr account ol l~~e ~tort ?eKor an~~ crrdil bulauce re~uaiuiug un~l~~r thr pru~•i~iona of (a) ot atid psr~r~ph 2. It there shall t~ a defau~t und~r an~• ot tl~e provwions of ihis niortga~e rrsultin~; in a put~lic ~~le !!~e ~?r•_•n~?x~•a c•o~er~~d henb~, or it tlte ~lortg~~~P ai•quires ti,e pro~,rrt~~ othcrH•~sP after defsult, - : . ~.r ~f1E ~~0~~~~'•PP. ~w trustre~ Sf18~~ $P~1~V~ 8~ ~fIP tuue oi the e0111111N111'PIIIPII[ U~ siiC~i ~ia'iiai'i:i:i:ti3 vi n, c:.. s_=._!' the propert~ ia otherwisp ucyuiretl, the amount tl?en ~Naiaining to ~~redit of ~1ort~agur und~~r (e) c?f Nara~rapb 2 preceding aa a eredit on the interPSt sceruPd and unpaid and ti?e bulanee to tt~e principsl then re~i~aiuu,g uni~s~d on snid note. 4. Ha wiU p~y ~Il tauces~ aeseeamenta~ wster r~?t~ea, aad ot6at governmental or municip~?1 chsrges, fines~ os ~ impaeitione, tor which pmviaioo hae aot been made hereinbefore, aad in defe?ult Lhereof Lhe Mortgagee m~y p?y tLe a~me; i?nd thst he ~viU promptly deliver the officisl reoeipts t6erefor W t6e 11ior~gesee. ~ b. H4 *riU permit. oommit, or sufier co M~ate~ impsirnuent. or det~erioration ot eaid property or aap part thereoi ~ ~cept reseonabk wear e?nd tear; and in the eveat of the failure oi the Mortgagor to keep the building~e on sai~ + premieee aad those to be erected on asid premisea. or impmvements thereoa~ in good repair the Mortgagee may ~ make auch repairs ae in its diacretion it msy deem nec~aeary for the pmper preecrvstion thereo~. ~nd the full amount of eacb and every such pe?ytnent ehall be due snd puyable thitty (30) dsys atter demand, snd ahsll be oecured by = t,he lien of thie mortge?ae. ± 6. He will pey all sod siagular t,he costs, and espeneea iacluding reaaonabk Iswyer's leea, and costs ? ot sbetrscts of titte, incurred or paid at any time by t e!~iortgsgee because of the failure on the purt of the Mortgagor i promptly aad fuUy to pertorm the agreementa.and oovenadta of eaid pmmieeory note and thia moKgage, snd eaid 3 ooeta, chmrge$, and expen~ea shall be immediately due and payable und ahaU be eecured by the Gen of thia mortgage. He will cwntinuously maintain hazard iasurance~ of such type or typea snd smounts as Mortgagee may trom time to time require~ on the improvements now or hereatter oa said premises~ and except when payment ~ tor all such premiums 6as thereto~ore been made under {s) of psragrap6 2 hereof, he will pay promptly when due any premiums thrrefor. AU insurance shall be carried in companies spproved by I1lortgagee and the poli- cie~ and reaewals t6ereot shall be held by Mortgagee and 6ave attached thereto tosa payable clsuses in favor ot ~ snd in [orm acceptable to the tlortga~ee. In event of lasa he will give immediste notice by mail to Mortgageo, and ~iortgagee may mske .proof oi ioss if not made promptly by tiiortgagor, and each insursnce company E ooncerned is hereby authorized and directed t,~ make payment for auch loss direcLly to Mortga~e~e instead of to Mortgagor and :4iortgagee ointly, and the insurance proceeds~ or any part thereot, mav be applied by Mor~ gagee at tte option either to t~e reduction o! the indebtednees hereby aecured or to t6e restorataon or repair of t6e property damaged. In event of forecloaure ot Lhis mortgage or other transtec oi title to t6e mortga~ed propPrty in extingu~shment of the indebtec~ue~ ~cur~ci bereby, a~l right, Litle, ~nd inte.r~st of the Mortgegor m snd to any iasurance policies then in force sLal! p~?sa Lo the purc6aser or grsntee. R. I( the pre~nis~~s. or un~• purt ti~eri•o(. L~• cc?udi•u~n~~il tu?drr tl~~ poH~~•r uf e•~e~in~~iU ~la,~uin, or a~•quir~~d for a publir us~~. ti?e ~iuiuu~;~•s u«~ur~l~~d. t!u• pro~•~•~•~!. for thr tukiu~; uf. c?r th~~ ~atisi~l~raii~?n for su~~h acyuw~tt~~u. to tlu~ ~•xtrnt of tl~~ full an~~unt ~f tlei~ n•nuiiuiu~ unE,ui~l ei~dt•I~t~~~lntrs c~~•ure~l h~~ tl~is u~ort~ukt~. erc• h~~r~~b~- u~si~;~~~~~1 t~~ th~• ~1ort};a~;~•~•. uu~l hi• hi•in ~~r :i•:i~n.. an~l .ftull bt~ pui~l forllt~cith to sui~l ~IurtKu~,•~~c• or h.iti sa~iKnc~ tc? Ix~ applir~l ~~n a~•~~~?unt uf lh~• luat ncuturi~ik iuctelliui~nts of su~•!~ imlrl~t~~ln~•c~: pr<?~~i~l~~~l, ho~~•~~~•er, th~ \}ort~;u~e~~ ur i~iti :ik•i~;n~~~•, at l~iq ~lis~•r~•tion ~,u~- ~lin•~•t to thc• ~Iart~;u~;ur. (ii~ lu~i~~ ur u:si~us un~• psrt or all of su~•h uNar~l; pro~-+~Ir~l, that if th~~ Ic,:iu is ~u:~runt~~~•~1 or i~~surt•d, th~~ ~•on,~~nt of th~• }~uurantur or ii~sur~•r is oi,tni~~~•~i in a~1~•a~ic~ a~ ._u:cl pur±:ec•i~t. The tiiortgagee may, at any time pending a suit upon this mortgage~ apply to the court having jurisdictioa thereof tor the appointment of a receiver, and such court shall forthwfth appoint a receiver of the premises oovered hereby all arid singular, iacluding all and singular the income, pro6ta, isgues, and revenuea from whatever source drriv~~ ~ach a~d c~cr~ of wh9ch, it being Pxpres~ly understooci, is hereby mortgaged sa ii specifically aet forth and described in the granting and habendum clauses hemof. Such appointment si~gii t,e made by such courL ss an admitted equity and a matter o( absolute rigt~t to seid Mortgagee, and without reference to the adequacy or inadequacy of +~o v.l~,P ~f the orocertv mortgeged or to the solvency or insolvency of said 1~ioHgagor or t!?e defendants. Such rents, pro6te. ~ncpme, issues~ and revenues st?su ~e sppiieu oy nuci~ rr..z~. a~~-ar3ing to the lien of this mortgage aad the practice of such oourt. In the event of sny default on the part of the Mortgagor hereunder, the Mortgagor agre~ to pay to t~e Mortgagee on •demand sa a reasonable monthly rentsl for the pmmiaes an amount at lesat equivalent to one-twelfth (~z) of the aggregate of the twelve monthly instaliments payable in t6e then current year plus the actual amount of the annual taxes, assessments, ~vster ratea, and iasurance premiuma for auch yeat not covered by the aforesaid monthly paymenta. lU. In the event of any b-each of this mortgage or default on the part of t6e Mortgagor; or in the event I,hst any of eaid aums of money hereia referred to be not promptly and fully paid according to the tenor hereof, or in the event that each and every the stipulations, agreementa, conditiona~ and oovenant8 of said note and this mortgage, are ~ot duly~ promptly, and fully performed; then in either or any such event, the said aggregete 8um mentioned in eaid note then remaining unpaid~ with ioterest accrued to that time, and a!1 moneys aecured hereby~ ahall become due snd payable forthwith~ or thereafter, at the option of said Mortgagee, as fully and completely us if all of the aaid sums of money aere originally stipulated to be paid on such day~ anything in said not,e or in this mortgage to the contrary notwithstanding; and thereupon or thereafter, at the option of said Mortgagee, without nolice ar demand~ suit at taw or in equity, may be prosecuted as if all moneya secured hereby had matured prior to ita institu- tion. The Mortgagee may foreclose this mortqaRe~ es to the amount eo declared due and psyable~ and the said premiees ahall he sold to satisfy and pay the same together with oosta, expenses, and altowancea. In ca~e of pattial toreclosure of this mortgage~ the mortgaged pmmises ahail be eold subject to the continning lien of this mortgage for the amount of the debt noL then due and unpaid. In such case the provisions of this paragra~h may again be avsiled of thereafter from time to time by the l~iortgagee. 11. No waiver of any covenant 6erein or of the obligation secured hereby shall at any time theresiter be held to be a waiver of the terme Lereof or of the note aecured hereby. 12. The lien of thia inscrument sha11 remain in full foroe and eHecf, during any postponement or extenaion of t6e time of psyment of the indebtedneas or any part thereot eecured 6ereby. 13. If the Mortgagor defsul! in any of the covenante or agreement~ rnnt$ined hereia, or in said note, then the Mortgagee may perform the asme, and all eacpenditures (including reasonable attorney's fees) made by the MorigaRee in so doing shall draw enterest at the rate pro~ i~1ed (or in the principal indebtedness, and shalf be mpa~•able thirt,y (30) days stter demand, and, together with interest and costs eccrued thereon, slialt be secared by tLis mortgage. . 14. Upon tbe request of the biortga~?ee the ;'Iortgagor shal! ea~ecute and deliver a supplemental note or notes for the aum or sums adcsnced ny the ~iortgagee (or the alteration, modernization, improvement, main- tensnce, or repair ot said premises, for taxes or as.~essments against the same and tor an~ other purpose autt?or- ized hereunder. Said note or notes shall be secured he~eby on a parity with and as fully as i[ Lhe adrance evidenced thereby were included in the note firsi described above. Said srtpplemental note or notes shall bear intere~t ~?t the sste pro~ided tar in Lhe principal indebtedness and shall be payable in ap pro~imately equal monthly psy ments for such period as msy be egreed upon by the creditor and debtor. Fail"ing to agrec on the maturity~ the whole oi the sum or sums so ad~anced shail be due and pa}•able thirty (30) days s(ter demand by the creditor. In no event sha11 the maturity extend beyond ~he ultimate raeturity o[ the nnte firat described above. s~?RK 269 ~A~E 6~U ~ ~