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Home My WebLink About0760 .M• pristil:af wm and accrued interest shall become due and payabN withouR native at ttw option of the holder tMraot. And Shan ~ duly. prorr:pty. a+rd fufy perform. discMrge. execute. effeect. complete, and compy with and abide by ~+s~: Sri i:;.,:- { lotions, agrsenients. ~itions, and covenants of said promissory note and this mortgage. then t>thr ~?~+!b'±+~r-s.•:a~t - Mrcby a+eatsd shall cease- and Da Wulf and VWd, _ - _ - _ i- And the Morttgagas turtMr covenant ss telpsvr3; ~ ~ 1. That they will pay th6 indebtedness. as hereinbefore provided. ~ i 2. That, M order more falter to protect the security of this mortgage. the Mortgagor. togvtMr with and in addition to. the mouthy payments under tM terms of any notes secured hereby. on the first day of each rr?onth until saitf none is falter-ps,A, Y~ pay to tM Mortgagee tM folbwing sums: _ _ _ _ - (a) A`aurrre~ti~Ft~ensK.rellth-(3t2t~~ftl+~pendursrrthst~ dae~ar+d•payabNerrP~itisceF~w~wdNi~ ~Ia~a/~iniYNllee•e011e1i11~R~Aiert~e~'~IiapNty.~piYa~YNM•eArMiKaAH~ti#eitt~diNOr1~11~1nY1~~-aDYP~Y~il~aieiLi-ti . E (b) All payments rrientioared M the proceding wbsectbn of this paragraph and all payments to tte r?~.tde -under arty note secured hereby shad be added together and the aggregate amount thereof shall be paid by the Mort~rgors each month in a _ ~ single payment to M aoplied by tM Mortgagee to the folbvring itsrrrs is the order set forth: _ j _ 1.. 7hrr~aaa~trRrrts: tlre~ peeerriare~ • s 11. int~tte'st an the note secured Mreby: and - _ - lli. Mwrtiretiori of tM Prirtdpa! of said note. _ _ . - _ ~ /.ray deficiency in the amount of such aggregate momthy payment shah. unless made good by the Mortgagors prior to the due date of the next such payment..constitute an evert of default under this rmort~age. The Mortgagee may collect a "eats charge" Wolfe- TforesdrddUr{~~twadrpaymerrtn~o~r+brtfrsrt'f)flaerrtnlds7sin-arrears~to cp+rer the extra ex- i pence invohred in handling delinquent payments. 3. That ff tM total. of the payments made by the Mortgagors under (a) of paragraph 2 preceding shall exce8d lice artwwii _ of payments actwty made by the Mortgagee. for taxes and assessments and inwranos promiums. as tM case may be, such excess shall be credited by the Mortgagee oir wbsequent payments to be made by the Mortgagors. ff. ho~rrever. the rrrorrthh?. pay- meets made by the Mo~tgegon under (a) of paragraph 2 preceding steal! not be sufficient to pay taxes and assas^.~+nts and in- _ wrance premiums, as the case may be, when the same shall become due and payable. then the Mortgagors shall pay to the Mort- gageeany amourrE necessary to make up the deficiency. on or before the date when payment of such taxes. assess . 3r ?atsr- ante premiums shall be due. If at arty time the Mortgagors sMll tender to the Mortgages in accordance with !fie prcY!~.ions of the - trote secured hereby. full payment of tM entire indebtedness represented thereby. tM Mortgagee shall. pay ta_~ Mortgagoa ail - - amouMs then remaining in the err and irrwrarrce escrow axarnt held in connection with this ban. ff there shall 6s a default . under any of the provisions of this mortgage rewlting in a public sale of the premises ooversd Mr'eby. or ff the Mortgagee aequirss the property otherwise alter defauR, the Mortgagee shag appy, at the time-of the commencement of such proceedings or at tits time the property is otherwise acquired. the baltnce then remaining iri the funds roeumulated under (a) of paragraph 2 preceding - as a uedit against tM amount of principal then remaining unpaid under said trots. - - 4. That they will pay all taxes, assessments, water rates, and other goremmerrtal or munkipal charges. ti_nas, or imposl- tions, for whkh provision has not been made hereinbetore, and in default thereof. tM Mortgagee may pay ti+s same and be secured by the lien of the mortgage: and that they wilt promptly deliver tiro official reteip*s tlreref0.'a M the Mortgagee... 5. That they will pemnit, commit, or suffer no waste. impairment. or deterioratbn of said property or any pa?t thereof; and in the event of the failure of the Mortgz+gons to keep the buildings or said premises and those to be erected on said Premises, or improvements thereon, in good repair. the Mortgagee may make such repairs ss in its discretion it may. deem ne.''~ssary for the - proper preservation tMreof, and the full amatnt m each and every such paymemt shall be immediately! due and payable, atm allele be secured by tM lien of this mortgage. _ 6. That they will all and si •i~ : + ~ , pay ngulsr the-casts; charges, a.~d ezperisa:. inctudirr~"roasori~bte+'~a~r's fees. and costs of abstracts of lifts. incurred o: paid at arty time by the Mortgagee because of the faNui~e on ~ p:sirxi the iiortgegirrs prom[~hl and fuly to perform the agreernerrts and cavenaMs of said promissory- rrola errd .this mortgage,. ~rq tprarges and ex- penses shall be immediately .due and payable and shall be secured by ~fre licit of this rrrorLffage. , _.,t,_._ + 7. That they will keep the improvements now existing or Mreafter erected on the mprt~aged proper j i~ s may be required from Mime to time by the Mortgagee against bas by Ere w other hazards, casualties. grid Eiiirtiirgerioie~~liich amounts and for such periods as may be roquiresd by Mortgagee, and will pay prompty, when due, any premiums on wch insurance for pay meet of which provision has not been made trereintrefore. NI inwrance shall De carried in companies approved by Mortgagee and the policies and renewals tMreof shall be held by Mortgagee and have attached thereto loss payable clauses in favor of and in farm acceptable to tM Mortgagee. Renewal policies shalt be delivered to Mortgagee at te.,ast 10 days prro?to expiration of exist- ing policy. fn event of loss. they will give immediately notitx by mail to. Mortgagee, and Mortgagee•may make proof of loss ff not made promptly by Mortgagors, and each insurance company concerned is hereby authori2ed acrd dinrctei to make paymenti for - such bas directly to Mortgagee instead of to Mortgagors and Mortgagee jointly. and the insurance proceeds, or arty part tdrereof. may be applied by Mortgagee at its option either to the reduction of the indebtedness hereby securM or to the restoratbn or re- pairs of the property damaged. In event of foreclosure of this mortgage or other transfer of titb to the mprt~ property in ex. , tinguishmerrt of the indebtedness secured Mmby. all right. titb and interest of tM Mortgagors in and o airy inwrarrce policies then in force shall pass to the purchaser or grantee. 8. That the Mortgagee may, at arty time penaurg a suit upon this mortgage, a~iy tE~ w.,~t having jurisdiction thereet for the appointment of a uxeiver. and wch court shall forthwith appoint a receiver of the premises covered hereby all and siiiqu- lar, including all and singular the income, profrts, issues, and revenues from wtwtever source derived, each and every of whklr. it being expressly understood, is Mreby mortgaged as ff specificaly se! forth and described in the granting and habendum clauses hereof, and such receiver shall have all the broad artd effective funetiorrs and powers in anywise entnrsted by a ceart to a receiver. and wch appointment shall be ma3e by s=+ch court as an admitted equity and a matter of absolute right to said Mortgagee, and without reference to the adequacy a inadequacy of the value of the property mortgaged ce to the sohrerrcy or insofvsnry of said Mortgagors ar the defendants, and that such rents, profits, income, issues and revunrres allele be applied by wch receiver aooord- ing to the lien of this nwrtgage and practitx of such court. 9. That (a) in the event of arty broach of this mortgage or default on Lrse part of the Mortgagor„ or (b) in the event that arty of said wms of money Mein referred to bs riot promptly and fully paid without demand or notice. or ta) in the evert! that each and every the stipuiatiorrs, agreements. oonditions_ and ~venants of said note and this mortgage, are not duty, promptly and fully performed; then in either-or arty such evert. tM said aggregate wm meMione~0 in said note then remaining unpaid, with iMerast accrued to that time, and a!1 moneys scarred hereby, shall become due and payable forttrwiti•., or thereafter. st the option of said - Mortgagee, as fully and completely as if all of the said wms of money went originally stipulated to tie paid on such day, arty- . thing in said note or in this mortgage to tfre contrary notwithstarrriing; and thereupon or thereafter, at the option of said Mort• gages, witfrout notice or demand. wit at law or in equity. may be Prosecuted ss if al! moneys secured Mreby had matured prior . - to its institution. The Mortgagee may fortrclose this trwrtgaht, as to tM amount so declared dui irb Fa~ratie, etxt t+rie said premises shall be sold to satisfy and pay tM same tcgather with coats, expenses, and aibwances. 'n rases olgsnial fotlxiceure of this mortgage. the mortgaged prerrrises shalt be said subject in fete continuing lien of this :z-.o't&~ irf tare amount of the debt - not then due anti unpaid. In such case the provisions of ltetr paragrai~ may again be availed of thereafter from tirrre !o tirrtr! Mr tfre Mortgagee. 8~3~4 r,~ ?~9 € ; . - +