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Home My WebLink About0674 . . • ~ ~ , . - ~ ` principal sum and scuued intenst ~all Wcome du~ and payabN witlwut notic~ at tM option ol th~ hoW~~ th~rool. And shall duy. promptty. anA tulgr jr~rtorm; discha~. ~xecute. effect. canplat~. and compy with ~nd aDide by each and twry !he stipu• Iatia?s. sQntments. tond~tioos. and eownants ot said promissory not~ and this mortgsg~. the~ this mortgag~ and t!~ sstab heroDy cra~t~d tt~atl csas~ and D~ nuN and votd. Md tM MortQyors iu~tt~ ~vsn~~t is folbws: , l. Th~t th~y wiN pay the indebted~ss. ss MninbNor~ provW~d. 2. That, in o?d~~ mor~ fuliy to ptoNct tM s~curity Of thls mort~s~e. tM Mortga~ors. to~etMr wltA and in sdditlon to, tM monthy psymMts undK th~ t~mn W am? not~s s~cund hereb~r. on the tint dsy ot each month until saW noN is lully psid, wilt wy to tM Mortaa~a~ tM fotbwin` wms: ( (b) Ali p~yrt~nts m~MiaNd in tM Mrc~d1~ wbs~ctbn of thls W?a~aPh and all W~nts to b~ mstN under amr secund herebf? shaN b~ ~d~cNd to~tthK and tM ag~e~t~ amount tMnoi shall be paid by tM Mort~s ~ach month in s singt~ pa~nrknt to bt applNd by tM Mort~a~ ta ths toliowinR ittna in th~ order s~t torth: il. ~ IM~nst on ths note securad h~rsby; a~d 111. Mwrti:atio~ oi tM prindpsl oi saW nob. Any deficfen~y M tM amouM of sueh sgg~ate nwnthy paymeet shall. unless made Qood by the Mort~gw^s prior to the dw date oi the next such paymeM. constituts so tvent ot detault under this mortQa~. The Mo~tQs~ee may ooliact s"I~t~ char~e" not to exaed two cents (24) tor ~sch dollar oi ~ach payment moro thsn tiltaen (15j d~ys In amsars ta cover the extra ex- pense imrohrad in handUnq dttinqwM MymeMs. , 3. TAat H tM tots) of th~ P~l~~ts mad~ by the Mo~gsgors und~r (a) ot M~Dh 2 Proc~din8 shall ~ccaed the smouM ot WYrr~nts actwiy n~N b!? tM Mort~. tor tax~s and ass~ssmsr?ts snd iosuano~ prerruums. as th~ ease +nh? b~. such excess shsll be cradited Dy the Mort~sgee on subspuent p~ytn~nts to be msd~ by the Mortgsacrs. If. howave~. ths montfiy p~y- ffIQ11LS QIS00 ZIM ~ - ' ~ -_°===.•s-~ v ~•es%i~s~..~ ~wr~ snrl te O~ i~i0~[gi~OR Yfl~dt ~iij oi pili~(tey~t ! y~v~.w:..s «:r~i:. ....a e~einMh ~nd ~n- ' - Ri _ - ~ri~ premiur.fs. ~s tha tass may l~e. ~ss !hr sasslr s!~!! L~rt~e!n~ ~n~ psya6le. then the Mortgseors sbdl WY to tM Mort- BaH~ ~~h? amount neoessary to mske up the deficiency. on or betoro the dste when paym~M oi such taxes, sssessments, or inwr- ance premfums shall be Qua. !t at arry time the Matgagors shall te~der to the Mo~tgagee i~ seco~dsnce vrith the pro+iisions of the noM securod Mnby. tuti payment of tM entiro indebtedness representad thersb~?. the Mo~tgs~ee shsll. pay to the Mortgsgas a11 amoetnb lhen rernsinfng !n the tax and Inwnnce escrow accouM held in connectbn with this losn. H thero shdl be a default under any oi ths provisbns of tbis nw~tgage rowltin~ in a public ssk W the pnmises ooverod h~rtby. or if tM Mortgsgee aoqui~ ~ P~~~'h? otherwise atter defauR. ths Mortgagee shali sppy. at the time of tM commencemsM of such proceedings or at tM time the property is otheMrise soquirod. the balanoe then nmaMing in the furids accumulated under (s) ot psragtaph 2 ptac~dieg as s tndit agsi~t the amount o! principsl then remsinir~ unpaid under said not~. 4. That thhr will psy s1i taxes. sssassme~ts, water rst~s, and othe? gowmmeMsl or munidpal charQes. fi~es. or imposl- tbns. for which pnpnision has not boea madt hereinb~tae. and ie default thsroot. tht Mort~agee may psy the same and bs secured by the INn of tM mor~ snd thst tNey will pranpdy deliver the otficisl ~eceiPts theroforo to the Mortgsgee. 5. Thst.they will p~m~it~ commit. er suryer iq wasta. impsimxnt. or deterioration of ssid property or sny psrt the~of; snd . in tht eMent of the faiture of the Mortga~ors to keep tht buildings w ssid pramises and those to ba erected on saW premises, or improvements theroon, in Sood mpsir. the IAort8~8a ~Y mslcs such repairs ss in its discrotbn it may deem neoesssry tor the proper proservatian thereof. and ths iup amouM of esch aod every wch psyment shsll be" immadistey due and psyabie, and shail be secured by th~ lien of this mortgsae. - 6. That they will pay all and sinQuiar the oosts. char~es, sod expenses, including roasonable Iawyers tees. arM costs M sbstracts ot Mk, incurred or psid at arty time py ths Mpetgige4 because M tt~e fsilure on the paK oi the Mortgagors prompUy aod tuly to periorm the agnsemeMs snd covenants M said promissory note and this mortgage. and s~id costs. cha?ges and ex- penses sl~all be immedistey due and payable and shall bs securod by the lien ot tNis mortgage. 7. That they wili keep tt~e improvemsnts now exfstlnQ a hsmafter erected on the mort8aged P~~'~Y insurad ss may be required irom time to time by tha Mortgsgee agsinst bss by firo or other hszsrds. caswRies. snd contingencies in such amouMs aod for suth periods as may be requirod by Mo~i~a8~se. snd vv~ll WY P~nPUY. when due, an~? pmmiums on such iosursnos for pay- meM ot whkfi provision has not been made he~einbetoro. NI insu?ance shaN be csMed in oomp~nMs spproved by Mo~tgsgee a~d the potkks and renewsls thereof shsil be held by Mortgages and have sttached thereto bss paysbie clauses in tavor Msnd in tonn acoeptable to the Mortgagee. Renewsi polk.ies shall be detiMerod te MoKgs~ae at lesst 10 ds~rs prbr to supiratfod M exist- ing policy. !n eveM of loss. they wil! givs immedlstely nottoe by msll to Mortgsgee. snd Mortgagee msy make proof of bss H ~ot P~P~h? by Mortgago~s.-and a~ch insuranoe oompany co~emed is Mraby autl~o~ized and dire~ted to make paymeof tor such bss dincty to Mortgagee instesd M to Mortgagors snd Mortgsgee jdMly. snd the Insunna proceeds, or smr psR thereof, - map be aPM~d b9? Mertgsgee at its optton eitt~ to the ndu¢tion ot the iniiaEtedness htreby secund or to the restorstion or ro- pairs of tt~e property damaged. In e~rern of to?aciosure ot this mortgsge or other trans(er of titk to the mprtgsBed propeRy in ex- tinguishmeM of the indebtedness secursd hereby, a~~ ~~gM, title and interost of the Mortg~agors in and to any insurancs policies then in torce shsll psss to ths purchaser or grar~tee. , 8. That the IiAortBsgee may. at any time pending s auit upon this mortga~s. appty to the couR hsvir~ ~urisdktbn tMreof - tor the sppainpnent of s receirer. sed such oourt shall forthwith appoin! a r~ceFver of the premisss covered hereby atl and singu- lar, including all and singular the inoorne, profits, issues, and rovenues irom whsterer source de?ived. each and every of whkh, it being expro~ly understood. is hereby Rq~tgsged as H specifically set fwtt? and described in the granting and habendum clauses hereof. and such raceiver shall havs alt th~ ~xoad and fftactiv~ tunctions snd powers in anywise eMrusted by s cou~t to s rsoei~ns~. aod such appoiMment shafl bs made by wch oourt ss an admittad equity and a rnstter of sbsolute rigbt to said Mongagee, a~d without reference to the sdequscy or inadeouscv o( th! vaiue of ths ptoperty mortgaged Or to the SolvenCy o? insolvency M seid Mortgagors or the defendants, and that such rerns, profits, intome. issues snd revenues shall be spplied by such raceiver aocoro- ing to the I'ien of this mertQa~e and practioe ot such ooutt, - . 9. Thst (a) In the event af amr b~ch of this mortQ,a~s a defauk on the psK of the MorigaQors. or (b) i~ the evern that any of said sums of rtioney hcrein roferrod to be not prompty snd fulh Oaid witl~out dtmsnd or notice, or (cj in the eveM tbst each and every the stipulstions, agreeme~ts. conditions and covensrrts of said note and this mort~ag~. ars not duy. Prompty and fully pertormed; tfie~ in either or srry such event. the sai~! ag~egste wm meMioned in said note then romaining unpaid, with interest accrued to that time, and atl moneys sacured.fierohy. shsll beoorrK dus and payabie torthwitb, or thercafter, at the option of said Mortgagee, ss fuly and oomptetegr as N al! oi the saW sums of money wero origlnslly stipulated to be psid on such dsy. any thing in said note or in this rrwRgage to the contrsry rwRwid~staoding; and thereupon or theroafter. at tl?e option of said MoK- 6a8ee. without notioe or demand. wk at Isw or in ~quity. ma~? be prosecuted ss if sll moneys securod hereby had maturod prior to its institution. The Mortgagee rnay forectose this mort~sge, as to tbe amount so decfsred due and payable, ar+d !he ssid vrem~ses sna~i be soia to sawsy snd pay the same toge~her wnn coscs, expcnses, and allowances. ln cases of partial toreclosurc of this mortgage, the moRgaged premises sha11 be sotd subject to the continuing lieo of this mortgsge. for the smount oi the debt nat then due and unpaid. In such cas~ the provisipns oi this paragnph may again be avsiled o( thereafter from time to time by the Mortgagee. ~ - $aou270 ~ 674 '.t ~ ~ ~t ~ ~ ~ ; ~ ~