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Home My WebLink About0604 . . . " " . . , . ~.3:._ . ' _ _ . Paq• ~?o ~ ` i.~~J ~ printipil sum and accrued intRnst shall b~come dw and paYabN witho~t notke at tM option of the holAer th~nof. Md shall duy. prompty. and fulf~r ptrlonn. dischar~. ~xecut~, ~flect, compl~t~. and comply with and abid~ Dy ~h and wtry the stipu. lations. 1~~ments. to~ditions, and cown~nts o1 said prom~~sorY this moN~. then this mortgag~ a~d tht est~t~ MnD~? croat~d shall ceas~ and b~ nutl and void. • And th~ Mort~a~on turtM? oown~nt as lollows: 1. Tlat th~y will ps~r th~ indebNdMSS. as h~nl~b~ion pro~rld~d. 2. Thst. in oed~ mon fuUy to prot~Ct tM s~curiql 01 thb mortW~. tM Mottgsgors. to~ther with and in addition to, th~ monthly paym~Ms undK th~ t~mn ot am? nota s~curod htnby. on tM tirst dsy of ~ach month until said nob k tully psid. will PeY to tM Mortsa~ tM folbwin~ wma: (b) Alt p~xnts m~ntion~d in tM pr~dlnQ wDs~ctloe d tAis ps~aph aed all pa~nnanb to b~ msd~ under a~y nob secund henby sh~H b~ add~A to~ther and tlw a~reg~st~ smount tMrooi shsll b~ paid by the Mort~ors tsch ~wnth ie a singN WYm~M to M apP~Nd bl? tM Mo~ M tla lollowin~ items in tlw ord~~ s~t toRh: . " 11. IMenst oo tM not~ seCUrod htnby: snd - . , . 111. Amo~tization M th~ princlpN oi ssid not•. An~? detici~nC~? in the amount of weh sg~ro~st~ mo~thN Ps~rt~M shall. unless mad~ Qood bf? the Mort~a~o~s P~ior W tht du~ date ot the next wch WYm~a~ oonstitut~ an ~wnt oi d~fsult undK this mortgs~. The Mort~s~ee maY colleet a"lat~ chu'Be•• not to exoead two ~ents (Z!? tor ~sd~ dollsr (i) ot esch PiYment mon than iiRNn (15) dsys in aResn to oover tM extra ex- pen~ jmrolwd io hsndiin~ dNi~qwnt P~~MS. _ 3. That if tM totsl ot tlN p~yn~nb msd~ b~t tM Matgs~ors u~r of P~n~P~ 2 p~'~~~ shall ~x~c~ed th~ amount of paynNMs sctwly. rriade by th~ Mor~, ior qx~s and ass~ssmsnb snd inwnna P~i~ms. as tM csse ms~r bt. wch ~rr=-- ~w~~~ ~ ~.-.~s~ w.. ~1~ ~sr~~~. ~ ::e~.n~ _ te ~ !n~ ~r tl~ Weltaaqer~ N_ h~rav~+ t~1! fltOflGlhl Wy i~*~ e.~-~~ mants m~d~ by tM Moet~a?s uedv (a) of P~~Oh 2 P~~in~ shall not b~ sutikient to pa~l taxas and assessrrants snd in- surance premiums. as the css~ msY b~. wha~ th~ ssms shsll baoome due snd payabls. tMn th~ Mort~a8ors sball psy to th~ Mat• Baga+ any amount necesssrl? to mske up tht defidencY. on or Detore tM dats when P~YmMt of such ta~ns. or insur- snce pnmiums shaii b~ du~. if st sn~r tim~ the Mortga~ors shaq t~ndK to tl~ Mo~+Bee N sooo~da^c~ P~~ ~ ~ot~ secured Mreby. full payment of th~ entin indebRedness represtotsd th~nbti?. th~ Mo~tga~es shaY. WY to the Mort~ors ail smouMS thee rom~iMna in th~ tax snd lnsuanea escrow aooou~E hald in conrnetioe with thk losn. N tMn shall be s defsuK under arry ot the provisions of this nwrtgaSe rosunin~ in s publk sal~ of the prsmises carend Mnbl~. or H tM MoR~a~ so4ui~ the property othe~wise aita defsuR. th! Mort~s shall sppiy. at tM time of ths oommencerr~eet of wch ProcsedEngi or at the tlme th~ properEy is othetwbe aWuirod. the balsnoe then ranaioi~ in tM turMs aecumulated under (a) of Wn~SPh 2 P~b~~6 as s credR sgal~t ths ~mouM ot pindpal then romsining unp~M under said ~wti. 4. Thst thay will pay all taues. s~~ssmeMs. wst~r rates. ~nd othtr govemmeMal or municlPS~ chsRes. flnes. or imposi- tions. for whkh pro~vision has rat ban rnad~ !»roinbefore. and in dehutt thereof. tM MortgaSee mh? WY the same snd bs s~cund by tM•tian of the mo~r. snd that th~? will pnompdy dsliwr the ottidat roceipts the?Non to tM Mort~aQee. 5. That tl~? wiN parMt, commR. or suHer no wasta. impsim~en~ or deterioration of saW WoP~~Y ot anY MK the~of: and in tM event ot ths failure of the ~Ao~sgo~s to k~P th~ buNdings or said P~m~ snd those to be eacted on ssid pr~mbes. cr tmprovemenb tMreon. in good npsfr, the Mo~sB~e ma~? maks sw:h repairs u ie itt discrotion it ma~! d~em n~cessary to? tha proper pnsenrstion theroot: snd the fu~l smouM M esch snd every such payrneM shall M immediatNy due snd parible. and shall be secund by the lien of this mortg,sQe. 6. That they wiil psy ali and singulsr tM oosts. cAa~s, and eicPe~s~. including rossonabls Iswye~'s fees. snd costs ot , ~ abstracts oi title. incurred or Wid at sny time by th~ Mort~aS~ becsuse of the fsilure on tM WK M the Mo~tgaSon P~OdY ~ _ and iuly to pertorm the aQneernsrns snd car~narns M ssid D~~aY note and this mortSaQe. and said oosts. chsrges and ex- E penses shap be immedlatety due and payaDie and sh~N be securad by the lian of thb mo~tQa~e. ~ 7. That tl~e~r will keep the improw+r~ents now exlstins or h~reaRer eroCtad oe tM n!atBaBb ProPe~Y inwred as may be requked from time to tims by the Morfg,agee against loss b!? fire or otl~er hazards. caswities. and co~tir~encNs in wd~ amounts s~d for such periods ss msy bs nqWnd by Mortg,sQee. and wiN ps~t Pr~P~~Y. when due. any premiums on such insuranoe for pay . rne~rt ot whkh provisfon hss not be~n made herair~before. NI insurance shall be cam~d in oompanies apprwed bY Mortg,~ee and the policies and renewals thenof shsN b~ hsld by Mort~e~ and have attached theroto bss psyaWe dauses in favor of and in tortn sooeptabie to the MoRgsges. Reoewal polkNs shall be delivercd to Mbrt~agee at lesst IO days p~ior to axPiratbn ot exist• - ing policy. ln ~veM of foss. thy will ~ive immediately notice by msli to MoRgagee. and Mortgage~ may make ~rooi ot loss if ~~aR m~ P~nP~h~ b!I Mortg~sQors. snd esch inwranc~ oomW~hl is herebY sutfarimd and direded to make Wyma+~t for such bss directy to Mott~es inste~d ot to Mort~aQas aed Mo~aB~ fa~f?. and the inwnno~ Proceeds. or srry psrt tt~ereof. msy be applied by Mortgsge~ st its oD~+ eitNer to tM roduction oi the indebtedneu htreby securod or to tNs r~atastion or ro- psirs of tha propeKy darnsQed. In aveM of tonclosuro of this mortgaHe or other tnnsfer of tiUe to the~ Hed proPe~t~r in ax- tinguishme~ of ths indebtedness securod _heroby. all ?igM, tiW snd interost of the Mortgsgon in and to any inwnnce polkies then in toroe sltaN pau to the purchsse~ or grs~ee. 8. That the MoRgaQee msy. st srry? time pendlnQ a wR upon this moRgage. appyt to tAs oourt having lurbdidion tl~ersoi tor the appointment M s rsoeiwr. and wd~ oouR shsll torthwith sppoiM a receive~ M the premises oovered hersby sll and singu. la~. including all and singular the inooe~e. Profits. issuss. a~ nMenues from wt~atever source demred, esch and every of whicb. it being expressy/ unde~stooA. is hereby nwrt~sBad ~s N sP~aBcslly sat foRh and desc~ibsd in the grsntir~ snd habendum clauses hercof. and such receiwr ~hall haw all ttN brwd snd effediw functions and powers in anywise ~ntrusted by a court to a noeiver. and such sppoiMme~t shsll b~ maM by such oourt as sn admitted equity snd a mstter of absolute riQht to said Mortgs~ee. s~ without rcierawe to the adequacy or inade9uacY W tf~e vafw oi ths ProP~Y ~Ss6ed a to the_ sohrenry or insolwnc~? ot said Mortgegors or the defendaMs. snd that such nnts. prorits. income. issws and revenua shsll be spplied by such recMver ao~ord- ing to ths lien of this mo~a~e snd practke of such eouR. 9. That (a) in ths evar~t d any bnach of thk mo~s~ or dsiauR on ttie ps~t M tbe Mortgagors. or (b) in th~ eveM that arry of said sums of mons~? Mroin rNerrod to b~ not D~~P~Y and fuly peid without demanA or notice. or (c) in the everrt that esch and every the stipulations. sgreements. eonditions and covensMs of ssid rate and this mortgage. aro not duy. promptly and tutly pe~formed; then in either or arnt sud~ event, the said sg~rogate wm mentioned in sald note then rcmaining unpaid, with iMerest accrued to thst time. and aii moneys secured hereby. shsll bacome due snd paysbie tathwitb. or theresiter. st the optbn ot said ~ Mortga~eee. ss fuly a~d comDNtelY as H all of the said sums of moneY were origiea~b stiputated to be Dsid on such day. amr• thing io said note or in this mort~age to the toMrary notwithstandin~ and thereupoo or thereafter. st tt~e option oi ssid Mort- gagee, without notite or demand. wit at law or M eguity. maY bs prosecuted as if sll montys securod hereby had maturcd prior to its institution. The Mortgagee may toroclose this moKgsge, as to thi amount so declared due and psyable. and the said premises shalf be sold to satisip end pay the same togethe? with costs, expenses, snd allovwances. In csses oi partial foreNosure oi this mortgage, the mortgsged premises shsif bs sold wb(ect to th~ coMinuing lien of this moRga~ for th~ smount ot the debt not tben dua and unpsid. In such esst the provisions of this Wra6~P~ ~Y ~in be availed oi theresfter irom tima to t~me by the Mortgagee. - " ~ • - ~ b11~~ ~E ~ ' ,1 ~ i~.; ~~t ~ r ~