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Home My WebLink About0985 i . • i ~ ' • i ~~o: ~'~t i~ eh: tot+a d a~spaym~?b m.de 6~? d~s M«t~ga uuder para~.~ le preoeamg a}~n a~sea t6s .oa«u~c cf tga ~ WY~ ~ih' the I~fiirtgagee. fa ta~s aad aaes~a4 and Ir~urmce premiwru. u the cue may ba such e~coess sbaU b~ ~ br t~ M~~~ nndar ~pat~a.~ X9~~reoe~i~ nb to be acudt by the Mottgsgor. If, hawever. the moothty P~~~ ~ ~ B~Pb P ~D bs I~isuffkleat top~ y tua wd a~atr aad inwr- ? anoe p~emiuu~n. u tbe aase m~y~ wbea the same shall become due aad pa ble. th~ the Matgsgor shaU pay to tbe MaRgages 1 on any ama~nt aeo~ssary' to make up su~ ~eocy. oa ot before tbe date w psyment of ~ch ta~cea„ aaesanen~s, a inturanoe pe+~nlums sha11 bs ih?e. If thers s6a11 be a detauk uader any of tbe pro~vidom af thi: ma~tg~ e nsutting i~e a public :als of the es prem~sa; oo~vered herebq or if the 11latEa8~e aoqutres the property otheiwLe dter defautt. Mortgagee ~haU apply. st t~e time of the ~at oE ~ch prooeeding~ a at the tlme tbs propertv i~ otl~erwi~ aoquirtd. th~ bala:?oe then remaining ;n the funds acrumulated under pangrapb 19 pn+oeding a= a crodit agal~t tbe amount t2?ea reaa~taing unpaid und~ ~id note. Sl. Tl~at in the e~rent tlut t~is matgage ts v~en to :ecura a oonatruc~tioo 1uan. ure ~ part • ortgigor ar-~e en Mortgsgora.ror?trsctor to oom ly with d~e terrn~ the C,onstrucbiaa Lo4a Ag~reemeM of evai daW'~entivitb. wbich Is by refer~ 3 ns r ence iocorporaGed herain. at the optbn oE the Mat8a8ee, oon~titute a dafauh heraunder. ~ ~ 28. Tbat tbe MaJtgaga has total aad compkte po~oo of the. mo~tgaged propeity aa~d that there are no ka~s. dgbb af po~Ioa, optbm or agn~emenb a~ arry other uature outs~nding with c~espect to the use, posse~on or awnership of the mortga ~ u ged premises wcapt as •inay appau ia the pubUc reo~rds of tbe oowaty in whkh the matg~ged prstniaes ue situsted ~s of the date heYeof. ~ 83. The Ma?rtgagor does 6et~eby pledge unto tbe Mortgagee, as additioaal oollateral for the payment of the debt hereby secured, all of the rents, issua and profits .oE the matgaged property, ancl does hereby authorize the Mo~tgagee, upon the ocrasi~ oE any dafault heraundar. to iatify aU tenanb a~ ~bteaanb of tLe mortgaged pmperty or aay part t~ereof to pay to thc Moitgagee aU. rentab thereaEter ~alling due to be applied hy t6e Mortgagee to the indebtedness hereby secured. 24. That if at any time while t~ moztp e is ia defauh the mat8~ P~*~Y shall be~ a6aadoned, vacated ac left ' unattcnded tbe Mortgagee. iE in ib dix~ion ~ steps are neceua~? fa the prota.~oa af thep ,~hall have tLe dght, ; po~wer and authority st its optiaa~ to eater upon tbe u~d to secure tameby changing jocks~~~, to paint aad repair j such prcinises, and to pLce aigas tberean notifying t~ taken possession of the prcmises and it may also pLce signs chereoa off«ing to aell che pr~ subjecc bo its scquisition af ade a~ereoo by foreclosure proceedinga or od~en~?L~e; atia a~y ~ such action by tl~c Maatgagee as ckscdbed above shall not be damed to be a trapass or trespasses c~ unlawful detaioerupon such rcmise~. All sw~u paid or advanoea by the Mortgagee in the prBtection af the uwrt aged preaiises as bertin prov~d p rt g shall be charged into tl~e mastgage aooount and become an iategial part thereof, subfect in all respocts to the terans. coad~Hons and crneaanb af tbe don~aid pmmi~ory note, and this mortgage, as fully and to ;tbe same eztcnt as though apa d af the arigiiwl iadebtedness evldeoced by said aote aod secuced by this mortgage. 'P~~~ l~owev~er, that said sums shall bt rtpaid to tbe ~ Mortgagee fo~thvritL npon fts demaod aad be fn additlon to tbe regula*«~~r~?uuY P~~ bY ~ P~Y ~ 25. The Mcxtgagee a6aII 6ave tbe dght to modify ~ ertead the tadebtedneu bereby mcured, and such estension or modi- fication s~ali not operabe ~ e nlease of the makus af tbe pm~nlsso~y note hereby secured, uid a~akers hereb'Y ~P~Y ~~8 notice of or oonsent to aay such estendon ~ nwdiflcatioa. Parlial re3eues of portions of tb~ moitSaB~ P~~h' from the lieas of tbis awrtgage may Hkewise beg~anted by tbe Mortgagee wid~out sucb partlal rekases of mort8a8~ aP~'a~8 as a c~elatse of ihe liability af any oE tbe maken of tbe pr~missoiy no~a secured 6enby. or other peraora liabk Eor the P~Ym~~ PiO°~' note by operation af Lw or otbenvL~ ; 28. In the as?ent the. ~uri:dietlon of the il. S: DLtrid Couit ahall be'involced by or against the Matgagor under ury af the ~ prnvisio~ af tbe Fedual Baakru~cy Act, such aetion, wl?ed~er v~oiuntary or im~ohmtary on tbe p4rt of tl~e Mcrrtgagor. shaU auta chahesIIy, without notioe, aoodera~e the maturity af aII sums af. maney herein desrribed az?d aecvred, and the, same sbail ther~- upon becon?e dne and payable forthwith ~ fuUy as if the said aggregate snmt ~ money wtre orlg~naUy stipulated to be paid on such dste. - 27. In the event of default by the Moztga a under the tem?s and conditioas ~ this mortgage or tbe p note secured hereby, and the Mortgag~ sh~ll have ~ pdor or mbsequent to said default removed ~ caused to be nan~all or suiutantially sll of the Mottgagar's penonsl pcopaty fram the awrtgaged property, thea such d~fault and removal af persanal ~ ProP~*~Y shall constitute an abandonmeat af the mrntgaged premises by the Mortgagor. Upon aoquisition af titk to the mort SaB~ Property by the Mo~gagee by forecbs~re sak or otherwise, the Mortgagee :haU have ihe dg~t to rranove fran tbe mortga ed p-ropeity any ~od all ~ property therein rnntau~ed aud no liabiliry shatl attach to tbe Mortgagee to acoount ~ for ~ personal propertp or for gts oocasioned by the loss. thek or removal of s~ch P~~i P~Y• ~ 28. In the ev~ent this mortgage er?cumbers s cooperstlva or oondaminium unit, a defaWt by the Mortgagor in perfoanmanoe ~ of his obligation under the Declar~t~On af Condominium. By-I.aws, House Rules. or other Wce documents, shsll constitute a defaulc hereunder. ~ 29. A default by the Mortgagor by non-oompliarioe with any af the provisions hereof or af the praaissory note sxured . heceby shall eatitle the Mortgagce, at its option, to accekrate the maturity of the note benby secured and dea~and al! suan: : due and payable fortLwith. ~ - . ~ ~ - i ~~~~wt~~~~ S D Due On CINS "C' Int~lp~i~ltie~Of~y ° 'r~'N. ~ . pu?suam To CArv~? 7f.1l~b Aol~ Of~l71. t R~ ~ '°r ~~s•r c~,~t Courti 9t, taiei~, C~,,. PIR i i l`~ c, ~ F L. U t=~ ~ t~~ ~ M ' ~z N ["_~t;MFfi.TARI'~.~. .,S?~.MY Ti~~. j , , i c" UE~~i,G: PEVENUf 'a ~ - ~s:~- ~ ~ ~ . . - - . .z3•r~ - ~ 5 8. Z_ Q ~ ~ r., P 4. ~ c~ _ . . _ _ _ ~ _ , _ - _ ~ ' . ~ 4 aooK 289 PA~ 974 ~ - - ° ~ : a~ ~ Y-a _ ~ ; ; ~ ~ ~ . ~ ~ ~~4 ~ `