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Home My WebLink About1370 Ihat. in urJrr more (t+lly to pnar:l the ,r:unq +.(thi, muttgagr. the murtg.~~;ur. h+4rthrr w uh. and u+ aJduuat tu. the mumhly pay ntrnh undrr the trnn, u( the Hate ,rcurrJ hereby . un the fit,t J.+y of ra+h month until t11r ,.uJ Hate i, fully paiJ. w+ll pay w the nu+ttgagcr Il+r (allow - u+g.,u m, . tal An,unuunt ,utli:irnt t++pn+,ulr the balder hereof w+th (unJ, lu p.+y the nrvt nnntgagr in,ur.u+:r premium i( thi, rn,tnunrnt anJ the tiutr ,rcurrJ hereby are in,urrJ. ur a monthly ch.uEr un lira of a ntungagr inwrao:r prrmiumt if they :ar hrlJ M the Sr:rrtar~ H+u+,inganJ l'rhan Ik~rlc+pmrnt:nfollow,: I U If anJ ,u long a, ,aid nuts of even J:dr :utJ thi, in,trumrm :ur inwreJ ur are rrimureJ undrr the pru~ i,iun, of the Katiuo,J Nearing ,\ct. an :rmuunt ,tUfi: irnl to acrumul:rte in the hand, ++f the hulJrr ++nr t 1 t m+mth prior 1u ih Jue J:dr Ihr annual mart- - g:+gr imurut:r premium. in orJrr A+ pru~iJr ,uch holJrr with (unJ, a+ pay ,u:h premium to for Srcrrtan of Huu,ing :ueJ • l!rh.m II'r~rlupmrnt pur.uant a+the Kauun:d Hearing Art. a, amrnJrJ. anJ applicahk Rrgufetiori: thrnunJrr; or U11 If :+nJ ,e+ lung; a, ,;+iJ Hate of r~rn Jatr anJ thi, in,uumrnt :ur hrlJ by the Srcrrt:+ry of He+u,ing anJ l'rhan I)rvrlupmrm.:+ monthly charE•r tin lieu of a mortgage m,urancr premiums which ,hall hr in an an+nunt ryual to unr-twrlhh 1111_1 ut unr-half 11!'1 per crntum ut the .+,rr:+gr uuht:mding h:J:mrr Jur un the n+Nr :e+mputrJ wHhuut taking rnh+a::+N+nt Jrlinyurn:ir, or prep:+y menh: tht .A ,um rya;d to the gnnutJ trot,, if :+rty. nrvt Jur. plu, the prrmvrm, that will nrvt became Jur anJ p.+yahlr an pe+G:ir, of fire ,inJ other h;v:uJ imuranrr:u~rring the mortgagoJ praprrty . plu, lave, :+nJ :+„r„mrnh next Jur un the mungagrJ pruprny tall e,ti- m:drJ by tftr murtgagrrf k„ all win, :JrraJy pail thrrrfur Ji, idrJ by the number of month, to rlapx f+rturr unr mumh prior a+ the .I:dr whin wch graunJ rrnh. premium,. lave,. anJ a„r„mrnh w i!I f+rcumr JrGnyurnt. ,urh ,um, to hr hrlJ by mortgagrr in tnr,t h+p:q v+iJ gruunJ rrnh. premium,. Iavr,. anJ,pe:i:J :r,r„mrm,: and 1c? :111 pay mrnh mrmiunrJ in the two precrJing,uh,reaiun, of thi, paragraph anJ all pay mrnh to hr made urxier the Hate ,rcurrJ hrrr- hy ,hall I+r aJJcJ N+grthrr anJ the aggregate amount thrrruf ,hall f+r paiJ hp the mungagor ra:h month in a,ingk payment to f+r ap- p1irJ by the mortgagrr to the following item, in the undrr x1 forth: Uf premium e:hargr, undrr the cantrart of imurancr with Ihr Secretary of H+Nr,ing anJ l!rhan (kvrlupmrnt. ur monthly charge tin lieu of mortgage imurancr prrmiuml. a, the tax may hr: 1111 gnx+nJ trot,. lave.. a„ev,mrnh. fire. anJ other haiarJ in,ur,+ncr premium,: 1111 imrre,t un the nutr,rrureJ hereby: anJ t l~'r amurti[atiun of the prirtcip:?1 of wiJ Harr. - Any Jrfi:irncy in the amount of ,uch aggregate monthly payment ,hall. unk„ m.+Jr geral by the mortgagor prior to the Jur Jatr of Ihr nr~t ,u:h pay mint. rumtitutr an event of Default undrr Ihi, mortgage. •fhe mortgagee may a+llrct a "late ch:ugr" nut to rrurrJ two rrnh I'cl fur rarh Joll:+r ISI f of each payment morn than fifttrn t 151 Jay, in arrear, to rover the extra rxprn,r imuhrJ in twnJGng Jrlinyuent pay mrnh. That if the total of the paymrnh made by the m+utg:+gur under 1M of paragraph' prerrJing ,h:Jl rv:rrJ the amount e+f the payment, arur.Jly maJe by the murtg;rgre. fur gruutkl rrnh. lave, anJ a.,r+,mrnh anJ imurancr premium,- a, the ra,r may he. wch e~rr,+ if the loan is current, at the option of the mortgagor, shall, be credited nn subsequent payments to be made by the m++rtgaRor, or refunded to the mortKagor. If, however, the monthly payments made by the mortgagor under (e) of paragraph 2 preceding shall not be sufficient to pay ground mote, tars and assessments and insurance premiums, as the case may hc, when the same shall become due and pay- able, Then the mortg:+gor shall pay to the mortgagee any amount necexsary to make up the deficiency, on or before rho date when payment of such grounJ rents, taxes, assessments, or insurance premiums shall be due. If at any time the mortgagor shall tender to the mortt;aKec in accordance with the provisions of the Dote secured hereby, full payment of the entire indebtedness represent- ed thcrebv, the mortgagee shall, in computing the amount of such indebtedness. credit to the account of the mortgagor all payment. made undrr the provisions of (e) of paragraph 2 hereof which the mortgage+• has not become obligated to pay to the 5ecmtary of IlousinR and hrbaq Drvrlupment and any halanc•e rcrnaininR in the fund. accumulated under the provisions of (ri) of said paragraph '3. If there shall be a dcfaull undrr any of the provisions of this mortgage, resultiol; in a public sale of the premises - covered hereby, or if the nwrtgaKec acquires the. property otherwise after dcfaull, the mortgagee' shall apply, the the time of the commencement of such-procecdinfts ur at the time the property is othrn,ise acquired, the balance then remaining in the funds accumulated under (e) of paragraph 2 preceding as a credit against the amount of principal then remaining unpaid under said note and sha!1 properly adjust any payments which shall have born made under (e) of said paragraph. a. -f1?at he will p;+y ,dl lave,. a„r„mrnr. water rate,. anJ caber gu~rrnmrnt:J ur municipal rhargr,. tine,. ear impu,itiun,. fur which pna- +i,ian h:+, nut fern made hrrrinF+rtare- ,roil in Jrfault thrrruf the mongagrr na:+y pay the +amr::utJ That hr will promptly Jelivrr thruflirial rr:ript, therefor t++ the nu+rte:+grr- . "t h;+t tar w ill permit. summit- ur ,utlrr nu w:+,te. impairment. ur Jrteriur.+tiun of ,aiJ property ur :+ny p:+rt thereof: anJ in the eve!at of the failure of the mortgagor to keep Ihr huilJing, un ,:+iJ prrmi,r, anJ thi+x b+ t+r rrearJ un ,aiJ premi,r,. ur impruvrmenh thrre++n. in tKa.x1 re- pair. the mortgagrr may make wch repair. a, in ih Jixrrtian it may Jerm nrrr,,:+ry fur the proper prr,en:uion thrrruf - anJ the full amount of rarh anJ e. try wch pay mrnl ,hail t+r immrdi:ilrly Jur :uaJ payahk- :mJ ,hall f+e xrurcJ by the lien of thi, mortgage. t+. 'that he w ill p:+y :+II anJ ,ingular the ro,h. rh;+rgr,. anJ expen.rc. including rea,onahk Law yrr-, fee,- anJ ra,h of ah,trarh of title. in- :urtrJ ur p:uJ at :+m time by the.mortgagcr hrrau,r of the failure un the part of the mortgagor p:umptly anJ hrlh a+ perform the agreement, and :mrn:uu, of wiJ prrmi„ury ncNe anJ Ihi, mortgage. anJ ,aiJ ru,h. charge,. anJ rvprnx, ,h:Ji f+e immrJiatrh Jur anJ pavahk anJ ,hall - € he ,rrureJ by the lien of thi, mortgage. . That hr will keep the impn+~emrnh now rvi,tingur hereafter erectrJ pn the murlgageJ property. in,urrJ a, m.n f+r reyuireJ from time te+ time by the mortgagee again,) lea„ by fire anJ other haiarJ,. r;+,uadir+. anJ runUngrnrir, in wch amuunh anJ fur wch prrie+J, may hr rryuirrJ by mortg:y:rr.:mJ w ill pay promptly, when Jue. am premium, nn ,urh inwranre for payment of which provi,ion ha, nut been maJe hrreinf+efure.:~ll inwranrr ,hall t+e carrieJ in rompanie, appuavrJ by mortgagee anJ the pedicie, anJ renewal, thereat ,hall f+r hrW by mortg:+- grr ;mJ h:+,r attarhrJ thereto lo„ payable rlaux, in favor a( anJ in form arcrptahlr to the mortgagee. In event of lu„ hr will give immediate Holier by mail to mortgagee- anJ mung:+gee may m;+kr prea+f of lu„ if neN maJe pu+mplh• by mortgagor. and rich in,urmcr company ron- :rrneJ i, hereby ;uathuri~rJ anJ JirertrJ to make payment fur wch Ie+„ Jirrrtly fu mortgagee in,teaJ of a. mortgagor anJ martgagre juintly- :mJ the imurmre pre.rerJ,. ur any part thrrruf. may t+e applirJ by mortgagrr :u ih option either to the redurtiun of the inJehtednr,: hereby xrureJ or to the re,hx:aion ur repair of the property JamagrJ. In event of [,+rcrlowrr of thi, morlgagc ur other tramfer of title a+ the murt- gacrJ property in e~tingui,hmrnt of the inJehteJnr„ xrurrJ hereby. all right, title. anJ intrre,t of the mortgagor in anJ to any inwranrr puh- :ie, thrn in form ,hall pa„ ua the purrhaxr or granter. S. 'iltat if the premix,. ur any part thrrruf. I+e ~unJrmnrJ wider any p+awer of eminent Domain. ur acyuirrJ fur a puhlir ux. Ihr Jamagr,. pn+:reJ,. anJ the:on,ideratiun fur wch :aryui,ition- to the r~trnt of the full amount of indehtrJne„ upem Ihi, \turtg:+gr. anJ the Kotr ,rcurrJ hereby remaining unpaiJ. are hereby a„igneJ by the 1lurtgagor w the ~furtgagee anJ ,h;JI hr paiJ forthwith to the ~lortg:+Lrr a+ hr applieJ by it un account of the ir?Jehtene,,,ecureJ hereby. whether Jur ur nut. v_ That the mortgagee may. aI :+ny time pending a wit upon thi, mortgage. apply to the court having juri,Jiction thereof for the appoint- - mrnt of a rereivrr. ;mJ wch court ,hall forthwith appoint a receiver of the premix, cuverrJ hereby all anJ ,ingular- including afl anJ ,ingular the incx+me. profih. i„ue,. anJ revenue, from whatever ,Darer JrriveJ. rarh anJ eery of which. it being evprr„ly unJentea+J. i, hereM murtg:+grJ a, if ,perifically xt forth anJ Jr,rrif+eJ in the Granting anJ hahrndum rlaux, hereof.:+nJ wch receiver ,hall h:+, r :JI the hruaJ :uaJ rllectice function, ;mJ p++wrr, in anyw ix rntru,trJ by a court to a rrrriver. anJ ,uch appuintmrnt ,hall he maJe M wch court an aJmittrJ ryuity anJ a matter of ah,ulutr right to ,aiJ mortgagee. anJ without re(erenrr to the :+Jeyuary ur inadeyuary of the calur of the property murt- t:aerJ ur to the ,uhrn:y nr imolcrn.y of ,,+iJ mortgagor or the JefrnJam,- :mJ that +u:h rrnh. prr+lih- ir?:umr. i„ur,- :+nJ re,rnur. ,hall F+r applirJ ht ,uch receiver according to the lien of thi, mortgage :mJ the praaire of ,urh court. In the event of any Jef:+ult un the part of the murt- g:+gor hereunder- the mortgagor agar, to pay k+ the mortgagee un JemanJ a re:ronahlr monthly rental for the premix, an amount at lea,t ryuivalrnl to unr-Iwrlflh f I/CI of the aegrega1e of the twelve munlhly in,tallmenh payable in the then current year plu, the actu:J amount of the annual tar,. a„e„menh. water rate,.:+nJ imurmce premium, for ,uch year not ruvercJ by the :dure,aiJ monthh payment,. 111. That lat in tht event of any hrr:+rh of thi, mortgage ur Jrfault un the part of the mortgagor- ur Ihl in the event that any of ,aiJ win, of money herein rrferreJ tx+ f+r not promptly anJ fully paiJ without Jrm:inJ ur notice. ur trl in the event that rarh :+nJ every the ,tipulatiun,. agreemrnh. runditiun,.:mJ rovrnanh of ,aiJ note :mJ thi, mortgage. arc nut July. prumptly.:mJ (ulh perG+rmrJ: thin in tither ur am ,urh rent. the ,aiJ acgreg:ae ,um mrnuunrJ in +:+iJ Hate then remaining unpaiJ. with interr,t ar:rueJ to that umr. and all money, +rrurrJ hrrrf+v. ,hall he:umr Jur :+nJ pay able (urthw ith. or thrrra(trr. al the opUOn of ,aiJ mortgagee. a, fully anJ :amplrleh if all of the,aiJ ,um, u( mun- ey were urigin.Jk ,tipulateJ to I+r paiJ on ,uch Jay - amthing in ,:+iJ note ur in Ihi, mortgas;r to the rontruy nutwith,tading::mJ therrupe+n ur thrrrafter- at the option ++f ,aiJ mortgagrr. w ithexrt nali:e or JrmanJ. ,uit at I:+w or in equity .may I+e pro,erutrJ a, if all niuney, x:ureJ here- by haJ maturrJ pear a+ h, imtiwtiun. "f hr mortgagrr may turrclu,e Ihi, mortg.+gr. a, to the amount ,u Je:l:+reJ Jur anJ p:+y:+hle. anJ the ,aiJ premi,e, .hall he wW k+,ati,fy :+nJ pay the ,amt te+grther w ith ce+sh. e+eprnxs. ar1J :dlow ante, In ra,e of p:+rtial fore:h+,urr of thi, murtg:+ge. ~ ihr mortgagcJ premi,r, ,hall f+r ,uIJ ,uhjrrt Io the:untinuing lien u(thi, mortgage for the amount o(the Jrht n+N then Jur anJ unp:+iJ In ,u:h :a,c the pruvi,iom of Ihi, p:+ragr:+ph may :+g:un F+e :r:ukJ of thrrraftrr from time to time by the mortgagee. ~ • scR< JU2 FACE ~J~ _ _ _ _g _ - _