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Home My WebLink About0944 ' t' ~t ~ .f . ~ ~ ~ ~ a , ~ ~ ~ , ~ . teadet ~Lo ths Mo~rttgagee in aooord~nce i~vith the provisions'of tlie uote ~ecu liereby~ hill p~yment of the eatirs iAdebtedneM npreeented ~hereby , ths Mortgagss, as ~rualee, shall~ in computing Lhe unount ot such iadebtedaas, credit to tlu aocouo6 ot the Mortgagor sny credit balanoe remaining under tha provisiona ot (s) o! s~idp~r~a ph Z. l~ there ah+~l! bs s detsuI~ under any at ths provisions ot ~his ~nortg~s resulting in a puWia ~ais o! the premires oora~ed by, o~ ~t ~Mortgag~e scquie+e~ the pmperty otherw~e Alter def~ult, the Mort~sgee, ~s trustee~ ~haU +?p~~~ the sia~ ~ t t~e ca~unet~cement o! such proceedinga or ~t ~he time the property i~ othervnise acquired~ t e unouat thea reuisinu~g to ca+sdi~ o[ Mortgsgor under (a) ot paragrap}~.2 preoediug aa a credit on tlie interat accrued and unpaid ~?nd the b~lance to the priaciprl the~a remaiaing unpsid on said not~e. 8e wIU PU? ap t+?xe~, ~~b, ~ and o16ee~ovee~~~eatal a muakipal ohac~e~ 6ae~. ot imPaitbd. tor wbioL pe+o~idon bM aot been a~sls Laeeinbetore~ ~nd 1n default thereof t~hs D[o~tp~es myr pw t,h~s rme; ~nd tb~?t ~ will prompt~y detiv~ee tbs o~oisl reoeip`s there[or ta t6s biortp~ee. b. H~ will pe~mlt~ ao~amtt~ a aQet ao w~d0. ~n~ir~Rt, o~ deteeiotation oi eaid propert~ ar ~rp~ thee+sot eocoepR re~soaaWe wear aad t~ear• aod in tbe eveat a~ tbe failura at tbs Mart~ar to kesp ths b~~ld3np on a~id p~ea~i~e~ atid ~bo~s b bs ereot,e~ oa nid pe~emVe~, or imp~oveaoants tbereon~ in tood repair tbs Mort~ges m~y ~ aod e~~y wo6 ipyrm~nt ~ 60~ due f ot tbs_~e~opee pe~e~crvatioa t6sreo~ and the tuU amouat tbs lien at tLi~ martp~e. ~~0 aad ~1! bs aeou:bd bp~ A~ He wW p~y a11 and dasu4r tbs oods~ ~ ~ad e~Peoa. ia~n~ rasooabls Lwye:'s fea, and oo~h ot abte~aa~s ot tit~e, inourred o~ pai~ at ~r tinAe b~~oetp~pes beoaune ot tbs lsilues on tbe p~e~ ot tbs M p~o~p~? .na c Lo parronn tbs a~re~eo4 {n~ ooven.na ot .ata pw~ni~sory no~e ,wa ~Wi~ ~ ~~Pe~ ~~~~~1?:dne aad p~yable aad aba11 be ~eour~d by tbs lie~~c~mort~e. 7. He w~l1 continuowt~ m~iataiu hwrd iawraaos, of ax~ t,~pe or_ t~pes and ~mount~ a~ Mor~gagee ma~ . trom time to time reqnire~ ou t~e impro~ements nbw ar Lere~tter oa ~aid~e~m~ses~ and esospt whan'p~,jmenti tor all such pre~uums h~s t~Leretofore been aaads under oi p~ragcs~h Z hereoi he will p~ promptl~r w~ dueaq~ premiums thec+eior. All insuranoe s6at1 bs ~ ia comP~~ ;PP='oo~ b7 M ~ag~es and tbs cies aad renewab tl~eraof shall bs Leld b~ Mort;agee aad ha~e sttached therst~o ~oas p~~aba 1e ~ciwsev in favor at aad in form acoeptabk to tLe M In eveat ad bes he ~rill give immediste notice by maiJ to Mortgages, aad Mort~,ages ma~ mste prooia~~ if aot m~?de gcomp b~ Mortg~or~ and each iasuraaoe co~npan~ ~ a ~eopoeraed a 6ereb~r~auehorised and directed to make p~4ymen~for sueh loea die+ee~r to Motgag~ inetead of to Mortgsgor and Mortgagee 'oint,1~, and tba inanraaos prooeeds, or sq~ part thee~e~f ma~ bs sp~ ,p7ied by Mort- ~agee it~s opt,ioa eit6er Lo ~ereduct3oa ot tLe indebtedness bersb~ ~scured or to t~s resto»twn ar repair oi tbe propertj dama~ed. Ia sventi ot fareolowrs o~ this mortg~e or othar traoater ot vtle to tbe mortgagecl propertj in astingu~shment af ~he indebted~e~s secured hereb7~ a~ right~ dtk, and interest oi ths Mortgagc~e ~n and to aq~ insuri?nce polic~ie~ ~hea ia toros s6at1 p~ to ths pumLaeer or grant~ee. 8. If tlee pre~niges. or an~• part tlurrof. be condeuineci under tl?e power of eminent danain~ or acgu'urd Ior a~public use, tlie diuiiagea awuded~ tl~e praxecls for the taking ot, or the consideration tor suc}~ uquffiition, to the eatent o! die full s~uount ot the rem~ining unpaid indebtednesa securnd this n~ortgage, arc hernb~• aseignec~ to tl~e Mortgagre, anct his lieirs or assi~tes, anc! sl+all be+ prricl forthwith to said Morigagee or h~s ~ ass nee to be appliecl on aecount ot the last ~naturn~K i~~slsllu?ents of suc!? indebtedness; providecl~ liowever, the~oft~a~ee or his assi~?ee~ u~a~ at liis discretion pa~ dirnc•t to tl~e Mortgagor, l~ia lieirs or nssigns any par6 or aU o[ sucl~ sward; provided, that d the ioan is guarantec~l or insurecl, the consent of the gusrantor or inaurer is obtained in ~dvanca ot said ps~•e~ient. , 9.1Le Morcg~ee m,y, st any tame pend;,~ a suit upon thie nn~s~e, apply'to'the oourt b.vias ~,n;e~ tbenot for the sppointment ot s reoeiver, and sueh oourt shall forthwith appoint a~er ~f tbe premise~ oovered ' Lereby all s~d singulat~ includin6 ~~,-P~fi~, aad` ue's froan whstevec sdunx derived, ach snd every oi whicb, it bein~ e~cp~s1Y uaderrK~ood. ~s berebY ~~~li'~ ~~~~Y eet forth and - cieecribed In tbe ~tin~ aad habendum clau~ees he~reot. Sucha~pwntio~eat s6:U be msde by sucb oourt as an admitted eqnity snd ~c rostter ot abeolute ri~ht to eaid Mortg,a~ee, and ~riLhout referenoe to the adeqw~ey or inadequaay of the ~lue ei tbe Pi'oPerty mortE~'ed a~ to t6e solveacy or insolveney of as~d Mortgagor or the defendante. 8uch reate. PrafiEs. inooa~e. iea~s. aad re~enues ~6a11 be appl~d by such reoeiver according to tLe lien of this ino~tgaas aad tbe praelioe of such eourR. Ia t~Le ev~e~! d any detault oa tbe of ti~e Mort~ar he~eunder, the a;rees t~o pn~r ta the M on demand as w reasonable awnt l~y reaW for ihe ptemises an ~nount at equivalent to one-twelfth ( s)_af ttrea~~e of the tweive mwnthly insWlm~nts p~ysble in the thea airreat Y~ P~ the a~ctual smount of tbe sanaeal teuces, :eeeae~uents„ water rat~s, and insus~aoe p~e~emiums fo~r such year not oove~ed by tbe afo~aid moathl~ psymeah. 10. Ia t~Le eveai of sqy b.*~aoh of lhis aaorl~e ~ defwlt on tLe part of !he Mortgaaor, or in t6e evr,~t that an,~ ef eaid wms of money be.n~a refere+ed to be not promPtlY ~?nd fulty d acoordu'~g io the t~eaor hereot, or ia t6e ev~art !ha! e~e6 aad every tbe stiPuLdtons. ~areementa, oondit3ons, ~wveaaata oi esid note aad this mo nid noist~P~P~, ~~11 pafarnaed; then in eitber or any a~ch event, tbe esid a~te sum meat~ ~~6 P~, with intereat aarued to thst Wne, aad ~a11 sha11 beoome dns aad p?yabie fort~wlW, or ~ft,er ~?t the optioa of e~id Mo ~ secured herebY, a~id wms of money w~a ori~inatly atipu~?te~id to be rt~gee' aa tul~r and oonupletelq as if alt of tbe ll~s oout~? notwitltstan~• aad t~ereu auch dsy, anyihing in esid aote ar in Wis martgago to de~osnd, euit st Isw ~ in ' PO1Q os tberealter, the optian of esid Mort~ee, ~rithout notice ae~ ~l t7, ~Y be proeecueed as if a11 moneys eecured heeeby La~d tnst~ued prior to ite institn- . t3on. Tbe Mort~ee msy~ td~ mort~e, as to tbe a~owunt su declared dua aad sad the said prem~s ehsll be sold W and pay tbe same togetber witb ~y~~' foieelos~re d tliis , °0°v ~P~, and allowaaoes. In e~+ee at psrtial ~ P~ ahs11 be eold aubject to t~Le oontinuiaa liea of this mort~e foe tbe amount ot tbe debt not then due aad unpsid. In eucL ease the provieions at t6is ~paile~l of ~r~ttm~froaa ti~ns t~o time by t6e Morta,saee. ~'P~? ~Y i l. No waiver d aap e~~eaant henin or af tbe oWi~,stioa'~red-henbf shaQ ~at any time tLe~a?tt~x be hdd ~ to be a waiver ~ tbs t~ae~ hqRed ac ot tbe note eecured 64reby. la. Tlie Ii,md-p~-th~ ia.cruaoeni_.b~ ranaia in tnn toroe .aa eArecc au:ing any postponemeat or actenaio~n ot t6e ~iaoe at piy?meat a[ fbe i~~debted~es er aqq P~ thereot secured benby. 13. It tbe 1~[orl~or detwlt ia any ot tbe oovenants or a;e+eemeats eantained henin~ or in ssid note. t6ea tbe ~aTt~aaee my? perform the eaa~e, and all espenditures (including nasonable sttorney's feea) made by the Mort~aRes m s~ do' shatl drsr? unte~+est a! the rstsprovided for ia the principal indeb~ednes~ and ahatl be repsyabte ~ y(~ e dtec demand, aad, toget6er ~?ith iat~erest aad oosts accrued tbereoa, sha~ll be secured by 14. Upon t6e requeat of t6e Mortgagee the Mortgag~or sball e~cecute sad deliver • anpplemental note or notes !or t6a sum or sums advanced Dy tbe tiiortgagee for the alterstan, moderniz~?tion, improvement, main- tenance, or repair ot esid premises, for Eaxes or aa~eeements agaiust the aame and for any ocher purpo~e suthor- i~ b+~+ennder. Ssid n~t,~ or nutes shall be secured hereby on s psrity with snd-ss iully as it the advance a~idenced thereb~ wee+e included in tbe note 6ret desccibed above. Said supplemental no~e or notes shaU bear interas~ sti tbe nta provided ior in t~he principal iudebtedn~ss and s6a11 beps yable in pmximste usl tnostbly p~yments for suc6 period as msy be agreed upon bp the creditor and debtor. F'~ing to agreeyon~the maLwiLy, t.De wLole o! tbe sum or sums so sdv~u?ced shaU be due snd pay~hle thirLy (30) days ateer demaad by tbe creditor. In no eveat aha11 eLe maturity extsnd beyond tLe ultimate r.~aturity oi tbe nc?te 6rst de~xibed ab~~e. ` BOOfi~G7~ P~If,E R ~ ~~~27~ ~~T~7' _ .