The URL can be used to link to this page

Home My WebLink About2990 i n~~u~.• tr~~in thr \l~~rt~.~~«~.tat~n~ thr amuunt ut thr cirti~i~n.~. ~~hich n~~ti~r ma~ hr ~;i~~n h~ m:iil. It ai an~ timr thc \lur- ieaL~~r,h:iU t~nclrr te~ ihr \lun~ater in:icr~~r~l:inc~ ~~ith ihe pr~~~i,iun,,:r ~n~ ~~~,<<,«~~«<i n«<•t,;, tull ~a~m~iu ut thr~iitirr iiiJrhtr.ln~„ r~~~rr.rntr~l thrreh~. th~ \lun~:i~r~. ~ru~~i~, ~h:ill, in ~um~ulini th~ :im.~un~ ~~1 .u~h ~~~~i~~t,~«i~,~.., rre~ii~ t~~ thr :i~i.~uns ul thi \lurizatur an~ ~rc~lii hal:incr rrma~ning un~lrr ihc ~,ru~i,iun~ ut ~c~) uf .:u~l {~ar,igraph I1 thrrr ~hall hr a~I~f:~:ilt un.lrr ,:n~ ~~t ihc ~~ru~i,iun. ut thi, murt~,aKr r~tiulting in ~ubli~ ,:ilc uf th~ ~r~nti,~. ~u~~rr~ h~rrh~. ~~r it ~hr ~1~~rtLa~cr ai~~uirr. thi nru~~~rt~ uthen~i~~ ati~r drfaull, thc ~~l)fll:lRl'c. a~ tnnt~•~. ~h:~ll a~~~~l~. at the timr ut ~he ium- inrn~rnunt ~~t .urh ~~rure~aiiiL. ur at thr tim~~ thr rrur~rt~ i, ~nh~n~i.~ aryuir~~l, tli~ c~mount thcn remai~iing t~~ ~rr~fit ~h~ \1.~nti:i~~,r un~er !a) uf rara~ra~~h ? prr~ccling a. a ~r~~lit ~~n th~ intrr~tit a~rrurcl ancl un~aid an~ the halan~e to ih~ ~rinri~al thrn rem:unin~: un~ai~i ~~n ~,iicl nutr. -1. ~turtgatiur ~~iil ~~a~ all ta~~.. :~.,r:,ment~, ~~atrr ratr,, an~i uthrr ~~~~trnnirntal ~~r muni~ir,il rhar~e., (inr,, ur iiu- E~u,itiun,, tur ~~h~~h ~ru~i~iun ha, nc+t bcen mac1~ hereinh~fure, ancl in ~iefault thrre~~l the \l~~rttazrr ma~ ~~a~ thr,amr: .in~i ~~ill ~~rutn~tl~ ~irli~cr th~ ufli~ial re.-rirt. th~rcfur iu the \t~~n±~agcr. \l~~rtgctgur ~~ill rrrn~it. ~e~mmil. ui ,u(ter n~~ ~~a,tr. itn~~ctirment. ur clrlrriurati~~n ~~1 .aie1 {~ni~crt~ ur .in} ~~art thereof, ~•~~e~t r~.i,anahle ~~rcir an~ [~ar, :tn~l in thr ~~rn~ uF thr failurr ul thr \lurtgatior to l,eep the buil~inz. on tiaicl ~remi.r~ :in~l thu.e t:~ be er~itc~1 a[t .cti~f ~rrmi.r., ur in~~,ru~rm~nt, thcrron, in guu~ re~iair. thr ~lurtgagcc ma~ rnakr.u~h re~air~ a. in it, cli~rrrli~~n it ma~ ~lt~m n«r.,an Iur th~~ {,ru~~r ~rr.er~ation thereol. and the full amount ul ~arh anel e~cn tiurii ~~a~n~r?it ~hall he iiur ancl {~,?~ahle thirt~ ~2U? ~la~. .?t~rr ~irnr~n~i. and ,hall be ,erurcd b~ th~ lie~i r~f thi. mungaee. 6. ~1or~ga~ur ~~ill pa~ .ill a~zcl .ingular the ~:~~t., ~harge~, an~3 exprntie. inrludin~ rea,unable la~~~er', trc~, an~l ~u~t. ~~f .~h,trart~ of titlr, in.urr~cl, or ~aid a~ an~ time h} thr \lortgaKee b«,iu,~ oi the ~ailure on the par~ ot the ~lortkagc~r {~rumptl~ anel full~ ~o ~~~rfurm thc .igrietnenl~ :ln~ cu~enant~ uf ~aid (~rotni»on note ~ind thiti mortgagc. :ind ~aid ~~~~t~, ~har~r,, an~i e~~en.r. ,hall be inimrdiatel~ ~iue anei ~a~ahle aiuf ,hall br ,rcured h~ the licn ot thi, murtgag~. ~tortgagor ~~~1! rontinously maintain hazard insurance, of ~uch type or t~•pes and amounts as ~tortgagee may from time tu time reyuire, on the improvements now ur hereafter on said premise~,, and except when payment for all such premium. ha~ theretofore been made under (a) ol paragraph 2 hereot, he/~he «ill pa~~ promptl~• when due any premiums therefor. All in- ,urance ~hall be rarried in companies appro~ed ~tortgagee and the policies and eenewals thereof shall be held by `fortgagee and ha~e attached thereto loss pa~~able clauses in fa~or uf and in form ac~eptable ro the ~tortgagee. In event of loss he/she will zi~e immediate notice by mail to ~tortgagee, and ~tortgagee ma~~ make proof of loss ~f not made promptly by !~lortgagor, and ra~h insuranre rompan~• concerned is hereb~• authorized and directed to make payment for such loss directly to'~lortgagee inctead of [o ~tortgagor and \tortgagee jointl}~, and the insurancr proreeds, or any~ part thereof, ma}~ be applied by ~tortgagee at iis option either to the redurtion of the indebtedness h~reb}• tiecured or to the restoration or repair oP the propert~~ damage~. In e~ent of l.~reclo~ure of this mortgage, or other transfer of title to the mortgaged pruperty in extinguishment of the indebtedness secured , hereb~, all right, ntle, and interest of the ~tartgagor in and to any imurance poliries then in force shall pass to the purrhaser or grantc~e. ~ ~ K. If the premises, or an~• part thereof be condemned under the power of eminent domain, or aryuired for a public use, [he ~iamages a~~arded, the ~roceeds for the taking ot~, or the con;ideranon for such acquisition, to the extent of the full amount of ~ ihe remaining unpaid indebtedness ;ecured by thi~ morcgage, are hereby assigned to the ~lortgagee, and his heirs or assigns, and ~ ~hall be paid forthwith to said ~1ortKaAee or his%her assiKnee to be avolied on account of the last maturinK installments of such indebtednetiti; pro~ided, ho~ce~er, ~he ~tortg;~eee or hi, or her a~signee, ma~ at his or her diticretion pa}~ dirert to the 1lortgagor, E hi, c~r her heus or a~signti an~ ~art ur aU of ~urh a~~ard; pru~idr~1, that ii thc loan i. guaranteed or insured, the ronseni oi the ~ ,~uarantor or inwrer i~ uhtained in ad~ance ot said pa~ment. ~ 9. The ~lortgaeee ma~~, at any~ time pending a suit uron thi~ rnortgage, appl~ to the ~ourt ha~ing jurisdirtion thereof for the appointment of a recei~er, and tiu~h court shall forth~~ith appoint a recei~er of the premi~es cocered hereby all anJ ~ .ingular, inrluding all and singular the incomc, ~rofits, istiues, and re~enues from ahate~~er source deri~ed, each and every ~ uf ~~hich, it being e~pressl} under~tood, is hereb~ mortgaged as if specifically set forth and described in the granting and , habendum ~lauses hereof. Such appointment shall be made b}~ tiuch court as an admitted equity and a matter of absolute ~ right t~~ said ~lortgagee, and ~~ithout referenre to the adeyuacy or inadeyuac} of the.value of the propert~• mortgaged c~r ~ to the.ol~enr}• or insol~en~~• of said ~lurtgagor or the defendan:s. Surh rents, ~rofits, income, issues, and re~~enues shall he ap~lied h~ surh rerei~er according to the licn ot~ this mortgage and the practice of surh rourt. In the e~ent of any default ~ un the part of the ~tortgagor hereunder, the 1lortgagor agrees to pa>~ to the ti4ortgagee on demand as a reasonable monthl~• t rental ior the ~+remises an amount at least equi~alent to one-t~~elfth ( I/ 12) of the aggregate of the tKel~~e monthly installments ~ ~a~abl~ in the then current }•ear pluti the artual amuunt of the annual taxes, atisessments, water rate~, and insuran~e ~remiums ~ fur .u~h ~ear not ~o~ered b~~ the ~foresaid monthly pa~~ments. 1~. In the e.~ent of an} brearh of thi~ mortgage or default on the pan of the ~tortgagor, or in the e~ent that any~ of said sums ~ uf mone~~ herein referred to be not promptly and full~ paid according to the tenor hereof, or in the e~ent that each and e~•er~• F the stipulations, agreements, conditions, and co~enants of said nore and this mortgage, are not duly, promptly, and fullp perform- ~ ed: then in either or any wrh e~ent, the said aggregate sum mentioned in said note then remaining unpaid, with interest accrued ~ [o that time, and all mone~~s secured hereb~•, shall become due an~ pa}~at~le forthw~ith, or thereafter, at the option of said Mor- ~ ttagee, as fully and compteteh~ as if ali ef the Said sums of money were originally stipulated to be paid on such day, anytning F in ~aid note or in this mortgage to the con:rar~ notwithstanding; and thereupon or thereafrer, at the option of said htortgagee, ~ without notice or demand, suit at law or inequit~•, ma~• be pro~e~uted as if all moneys secured hereb}• had matured prior to itti ~ institution. The titortgagee ma} foreclose this mortgage, as to the amount so declared due and payable, and the said premices shall ; be ~old to sa~isfc and pa}• the tame to¢ether with co~ts, expenses, and allowances. In case of partial foreclosure of this mortgage. the mortgaced premiset shall be Sold suhjert to the continuing lien c,f this mortgage for the amount of the debt not then due and ~ unpaid. !n .uch rase the pro~itiions of this paragraph ma} again b: a~ailed of tt~ere:~fter from nme to time bti~ the ~ton~aeee. ~ ~ I I. \o ~.ai~er of am rotienant hercir c~< <~1 the ohligativn ~ecur~c~ hereb~ ~hall at an} ~ime thriratte~ ne helcl t~~ he F a~+ai~er cit thc term~ here~f or of the note Secur,J t~ercb~. i - !2. ~Tt~e lien of thi~ imtrument Shall rernain in full tc~rce and etie~t during an~ r~~tit~unement or ett~_n,ion c~t the time ~+a}mcnt c~f the indebtednesti or an~ ~art thcreof 4ecu~ed h~reh~. IZ. I1 the titortgagor detault in any of thc ~o~enants or agreemenh ~<~ntair.ed hrrein, e~r in `aid n~te, cn~~ ~n~ \t~~r- ttia~ee ma~ perform the tiame, and a!I e~pencliture~ (including rea~onable attarne~'s fee~) made b~ the ~lorlgagee in tio c:oinz .hal; dra« intereu at the rate Pro~ided For in the ~rin~ipal indehtedne~~, and ~hall be repa~ablc thirt~~ 130! da~~ after de- ~nand, anci, together ~~ith interetit and rosts accrijed thereon, ~i~all t~~ tiecured b~~ this mortgage. 1~. l;pon the reyuest of the ~tortgagee the ~tortgagor shall eteci~te and deliver a suppiemental note or notes for the cum or ,ums ad~anced b~ the \tortgagee for the altera!ion, modernization, impro~ement, maintenance, or repair of said premises, for tates or assessments against the same and for any other purpose authorized hereunder. Said note or notes shall be secured hereb~ on a pari[} w•ith and as fully as i( the ad~ance evidenced thereb}~ were included in the note first described abo~e. Said supplemental note or notes shall bcar intere~t at the rate ~rovided for in the principal indebtedness and shall be papable in approximately equal _ monthly payments fc~r such period at ma~• he agreed upon by thc creditor and debtor. ?=ailing to agree on the maturi?y, the ~hole of the sum or sums so ad~anced shall be due and payable thirty (30? day~s after demand b~~ the creditor. in no event ~hall the maturi- i~ ettend be~ond the ultimate maturit~ of the note first deuribed abo~c. (i ~ 'I ~V~JO ~0~!c G ~J r,',~c . - - . _ . .r-. , ',-'.i"'....:.f3:.,'{:z