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Home My WebLink About0937 taiwer a tne M ~ w~~~'QOIICa ~I~~II ~(10 `1fV~~K~~lf VI Nto UV~f' ~V4Y~~Y fa~~VV~~ ~~asa ~s~ •~~vw~ v¦ e~~v sn~ire indebtedr~eM reprc~need therebv~ the Mortg~~ ~ trustoe, sfi~ll, in oomputing the unount ot such iadebt.ednew~ cr~iil to tl~e accoun~ of the Mortg~Rur any credi~ t~~l~noe nmaini~g under tl?e provwans ot (a) ot ~aid •p h 4. 1t there ~h~ll M~ detault undt~ any o~ the proy~ions ot thM inong~e re~ulting in ~ puWie sal~~he pnmisea covered herebv~ or it the Mortgagre acqu~res the peoperty otherwaa ~tter det~ult~ : the Mortg~ee~ ~s trwtee~ ~hall ~pply~ ~t, the time of the comminameM ot ~uch procredings or a~ t!?e time ~ the properiy r otherNrise acqoireci~ the ~mount then ~»i~inin~ ~o credi~ af Mot~g~gor under of paragr~ph.2 preceding u~ credit on tha interest accrued snd unpud snd tf?e bal~nce to the princip~l then rrmaining unpud on said note. 4. He wlll p~y ~ll taxes~ ~me~t~ waf~er rster, ~nd o~Aer~o ~rernmeatal or muatdPal o~~r~es, Soe~. ot impaitioae, tor wWab p~ovLdoa ha~ not beea ao~~e heninbetore, aad ia ael,~ilt tlxreot ths &Ict~t~a~'es m~,Y P~Y ~ ~ns; ~ad t,b~?~ 6e will PromPUY deliver t6e offiaial reeeapte tberefor to tbe Mort~es. a. He aIll permit, oommi~, or autrer ao waste, Impurment or deterior~tion ot ~Jd ProP~'tY ~ ~ny Q~ exoept reascnable ~reu i?nd tear• und In the event ot tbe fai~ure oi tb6 Mort~o r to keep tbe buUdingu on ~ai~ ~~es aad thoee to be ereate~ ~n s~td premiee~, or iaoprovementa tbereon~ -fa-~ood repair the Mort~gee muy make sueh rep~i» ~s in Ib dtscntton it ma,y deem neoeeeary tor t~heproper pre~crvatlon thereo~ aod tbe tull aauouat ot eac6 and every wcb p?ymen~ ~?11 be due uad q?yabk tLi~ty (30) dn~n ~tter denn~ad, i?n~ ~6sU be ~ecur~d Sy tba lien ot t6ie mortasse. ? S. He wW pay all ~n,gnl~r~h,~- ts. clhu~ _iad ezpanees~ inel~din~ reas~nable L?wyer'~ feee, and oosta j ut ~?bet:scea of tltle, ine ' or p~id ~ti by the Mort~ee beciwee of tDe tuilure on t~he part oi the Mortg~or ; pro~nptty and lullyyo- orm tbe s~reemen and oovensote oi eaid promiewry note and thia mo , i?nd eaid - rO' p~, ~he~ee~, an`fi"expensea shall be immediat~ly due and psysbk and ehsll be ~eaured by the lIe~ ot t mort~ge. 7. He aiU oontinuous~ msinttin 6asu:3 inaursnoe, oi euch t~pe or t pes and amounts as Mortgagee may { from tirne to time require, on Lhe improvemente now or ~ereatter on eai~premieee and exeept whea psymen~ ~ tor all such promiurna 6aa t~eretofore been msde under (a) oi paragnFh Z hereoi ~e will psy promptty when due any premiuma thorefor. All inaurance ahall be curied in compsniea approvec~ by I?iortgag ee snd the poli- cies and nAawsls thereoi shall be held by Mortgagee and h~ve s~tached tLereto lo~e pay~bla cl~uses in i~vor of f and ia torm acceptsble to the Mort$agee. In event of losa he will give iramediate notioe by mail to Mortgsgee~ and Mortgagee msy mske ,prooi o3 Iosa if not msde promptly b~ Mortgagor, and each inauranoe oompany conarned is hereby~ suthorized snd directed to mske psyment for ~uch loes direcWy to Mortgagee inatead oi t~o Mortgagor and Mortgagee jointly~ an6 the insursnce proceeds~ or any part thereof msy be ~p+phed by Morw ~gee at ita option either to the reduction of tha indebtednees hereby secured er to t~e rest,orstton or repair of the property dsms~ed. In event oi forecloeure oi thia mortgage or other transfer oi wlle to t6a mortgageci property in extingu~ahment of the indebtednees eecurecl hereby, s~l right, title, and interest oi tbe Mortgagor m and to sny ~nsurance policies then in force s6sll pn9a to tha purchaser or grsntee. 8. If U?e premis~~s~ or on~• purt thernof, be condeu?nPcl under th~ power of en~inent doniam, or acquired for a public use, tlie dai~ia~;es awarcled, tlie pror.~ecis [or tl~r taking of~ or the consicierution ior sucl? acqu~s~tion, to tlie ext~nt of tl~e fuU aiuount of tl?e rer?iaining unpnid indebte~tness sec•urnd b~• this niortgage~ arc 1?ereb~• assigned to tlie Mortgagee~ on~l I~i.c I~eirs or assigns, un~l sliall bc puid fortt~witl~ to said Morigagee or i~is sssign~ee to Le applied on aceount o( thr lust iuaturiuK is~stallments of such indebtedness; provi~leci~ liowever, 1he Mortgo ee or lus assignee~ u~a~ at his cliscretion pn~• dire~•l t~ the Mortgagor, his I?ei~ or aGsigns eny part or all of suc~i awarct; prov~Jed, tl~at if the lonn is gunrnnteed or insured, tlie consent of tiie gunrantor or insurer is obtained in advance o[ ssid pn~•n~ent. 9. The Mortgagee may, at any time pending a auit upon t6ie mortgsge, apply to the oourt having jurisdi~tion thereof for the appointment of s receiver, and auch court ~hhall lorthwith appuiat a receiver of the premiaee ooyered ~ hereby sll a~d singular, including all and aingular the income~ pro5te, issuee~ end revenuea from whstever eouroe derived, each and every of which, it being expreesly underatood, is hereby mortgaged as if epecifieally eet forth and ~ deecribed in the grsnting and habendum clsuae~ hereof. Such appoiutment ehall be msde by such oourt a8 sn admitte~i s equity and a matter of absolute right to esid Murtgagee~ and withont r~ference to the adequacy or inadeyuacy ot ~ the vslue of the property mortgsged or to the eolvency or insolvency of eaid Mortgagor or the defendanta. Such ~ 1 rent,e, pm6La, income, iaaues, snd revtnuea ehslt be applied by auch reoeiver acoording to the lien of thia mortgage ? ~ snd tha practice of such court. In the event of any defeult on the part of the Mortgagor hereunder, the Mortgagor + ~rees to pay to the Mor on demand aa s reasonable monthly rental for the premieea sn amount at lesst equivalent to on~tweUth ~ of the aggregate of the twelve monthly inatallmente payable in the then current ~ yesr plua the actual amount of the annual taxes, asaeasmente, wster ratea, and inauranoe premiuma for such yeat not covered by t6e storeeaid monthly psyments. ~ 10. In the event of any breach of thia mortgage or default on the psrt of the Mortgagor~ or in the evet?t thst any ef aaid euma of money herein referred to be not promptly snd fully paid according to tAe tenor hereof, or in the event that each and every the stipulationa, agreemente, conditione, and covenante of eaid nate and thia mortgage~ ~ arG +~c?t duly, pmmptly, snd fully performed; then in either or sny aucb event, the aaid aggregate aum mentioned in eaid note then remaining unpaid, with intereat accrued to thst time, snd all moneye eecured hereby~ ahall beoome due snd psysble forthwith, or thereafter, st the option of anid Mortgagee, aa tuUy and completely ae J all of the esid suma of money were originally atipulated to t~e psid on auch dsy, snything in eaid note flr in thia mortgage to t6e oontrsry notwithatanding; aad thereupon or thereafter~ st the option of said Mortgagee, ~rithout notice or demaad~ auit at law or in equit~, nnsy be pro~ecuted es if ap moneya eecured hereby had mutwe~ prior to ita inatilu- tion. The Mort~agee may foreclaae thia mortgage, aa to the amount e~ declared due snd psysble, snd #he asid premieea ahall be sold to satisfy and pay the aame together ~rith cosZe, e~cpenses~ and allopancea. In c;aae of psrtial ' i for~losure of thia mortgsge, t6e tnortgaged premisea ahall be eold subject to the continuing lien of thia mortgage for the amount of the debt not the~ due ~nd unpsid. In euch caee the pmviaions of thia paragraph may agsin be sv~iled ot thensiter lrom time to time by the Mortgagee. 11. No ~vvaiver of anq oovensat herein or of the obligstion eecured herehy ahaA at any time thereafter be hetd to be s waiver of the terms hereot or of the note eecured herEby. 12. The lien oi tbis inettument eball nmain in tull force and eHec~ during any poetpoaement or eacteaeion ot tbe time ot gsy9oent ot tae indebtednees or ~ay psrt t?rxreof secured Lenby. 13. It the Mortgagor default in any of the covenanta or agreemente oontsined herein, or in ssid note, then tbe Mort6agee may perform the aame, and al! racpendituris (including rcaeonsble sttorney'e fe~a) msde by the Mort~a~ee in so doin shsll dnw interest st the rste provided for in the principal indebtedness, and ehsll be repaysble : ~irty (30~ days atter demand, ~nd, together with i~.ferest and coata accrued thereon, ahaU be aecured by this mcrtgage. 14. Upon the request of the Mo~ee the Mortgagor ahall execute and deliver s supplemental note or notes !or Lhe sum or sume advanced by e Mostgagee for the altent~on, modernization, improvemen6, msin- tenance, or repsir of eaid premisea, for t~?xes or seaessments agrinat the same snd for Rny other purpose author- ized benunder. Ssid noLe or notes shall ba seGUred hereby on a p~rity wit6 and ae fulty aa J the advar~ce evidenced t~henby wera included in the note first described above. Said anpplemental notG or notea shall bear intereat st L6a nte pe+uvided for in the princip~l indebtedness ~nd shsll be psyable in ap proximstely equal nwnthly payments for auch period ~a msy ~re ~ed upon by the creditor and debtor. F~il'ing to agrce on the ~ m.t~ri~y, che w6ole of the sura or eums so ~dvanced shall bg due and payabie thiriy (30) days atter demand S~+ 1be creditor. In a~ evant :tz:ll t6e maturity ext~end ~yond ihe l~ltlmste msturity ni the nc~te :irst dc~cribed abo~e. - 8~0~37 P~~0935 _ ~::J1~ ~~y-a-~o.~ ~L /'Y~y~!- . . r , . ~ . . _ . T~T i~ - ~