84002752 - Laserfiche WebLink

Browse

I 84 - 002752 XXt)(lIQJPlIIJbOOX~_ItUlCII<<~~IOOOOOOOIOlKl9lOOOl1XItOl:llJUl(or<<~kHkttr XJN{lIKlUanX<<~l(9[~XIlJtllaOltiIlllIIKllffJIIIIIJlQIUIXXDlflKBl\lt~l6lIlIlillKe X~III1ftlU01l1Jt11WC1OOl1OO[tlUK<<_ItllIdJ[.~olot (b) t, r (c) X~XXX~~~~ x~~ .,~ (II) ground rents, laxes. assessments. fire and other hazard insurance premiums; (Ill) interest on the note secured hereby; and (IV) amortization of the princIpal of said note, Any det1ciency in the amount of any such aggregate monthly payment shall, unless made good by the Mort, )=,agor p.rior to the due date of the next: such payment. constitute an event of default under 1his mortgag:e~ The Mortgaget may coHect a "late charge" not to e~ceed four cents (4~) for each dollar ($1) of each payrnentmore than fifteen (15) days in arrears to cover the extra expense involved in handling delinquent payments. '- :\. That if the total oj the payments made hy the 'lortgaRor under (b) of paragraph 2 preceding shall exceed the amount of payments actually made by the \Iortgagee for ground rents~ taxes and assessments or insurance pre- miums, as the ease may be. such excess, if tne loan is eorrent, at the option of the Mortgagor. snall be creditedb, the 'Iortgagee on subsequent payments to be made by the \Iortgagor, or refunded to the Mortgagor. It, nowever, the monthly payments made by the Mortgagor under (hi of paragraph 2 preceding shall not be sufficient to pay grwnd rent. taxes and assessmE'nts or insurant'{. premiums. as t.he t<lS{>: may be. when the same shall become due .and"pay~ able, then the \lortgagor shall pay to the \lortgaRee any amount neeessary to make up the deficien"y, on or before the date when payment or ~uch ground rents. laxes. assessment.s or insurance premiums shall be due~ If. at any time the \Iortgagor shall tender to the \1ortgagee. in aceordanee with the provbions of the note secured hereby, ~uii payment of the entire- indebtedne~~ repre. .sen.ted thereby, the Mongagee shail, in co:a..moun..f....SU....".....h... mdebledness credit to th. M. . v'.' . _ .2 X~ ... . ' '. ..." ....... ....r X~~Ji{~~(b) ofparagral'h 2 hereof. If there shall be a default under any of the provisions of this mortgagl' resulting in a public sale of the premises covered hereby, or if the Mortgagee aequires the property otherwise after default. the MortRagee shall apply, at the time-of the comroenc.ement of ~ul'h proceedings, or at the time the property is otherwi8{~ aC(luired, the balance then remain~ ing in the funds a(~t'umulated under (bj or paragraph 2 preceding., as a credit against the amount-of principal then remaining unpaid under said note.lillill.~i(~I(Jl>j~JlII~~) XllK~~ 4. That lhe Mortgagor will pay ground rems. taxes. assessmenb, water rates. and other governmental or municipal charges, tines, or impositions. for which provision has not been made hereinbefore. and in default thereof the Mortgagee may pay the 5ame: and that the Mortgagor will promptly deliver the official receipts therefor (0 the Morlg3gee. 5. The Mortgagor will pay all ta:\c~ \vhich may he levied upon the Mortgagee's interest in said real estate and improve- rnems. and whkh may be levied upun this muIlgage or the debt secured hereby (but only to the extent that such is not prohibit- ed by law and only to the extent that su;.:h will not make this loan usurious). but excluding any income tax, State or Federal, imposed on Mortgagee, and will file the official receipt showing such payment with the Mortgagee. Upon violation of this under~ taking. or if the Mortgagor is prohibited by any law now or hereafter existing from paying the whole or any portion of the "lfore~ said taxes. or upon the rendering of any court decree prohibiting the payment by the Mortgagor or any such taxes. or jj such Jaw or decree provides that any amount so paid hy the Mortgagor shall be credited on the mortgage debt, the Morlgagee shall have the right to give ninety days' "vritteo notke (0 the owner of the mortgaged premises. requiri,ng the payment of the mortgage debt. If such notice be given, the said debt shall become due, payable and collectihle at the expiration of said ninety days, 6, That should he fail to pay any sum or keep any covenant provided for in this Mortgage, then the Mortgagee. at its op- tion, may payor perform the same. and aU eXl-'enditures so made shalJ he added to the principal sum owing on the above note. shall be secured hereby, and shall bear interest at the rate set forth in tbe said note, until paid. 7. That he hereby assigns, Iransfer& and seb over to [he Mortgagee. to be applied to\\'ard the payment of the note and all $.ums secured hereby in case of .1 default in the performance of any of the terms and conditions of this Mortgage or the ~aid note. all the rents, revenues and income to be derived from the mortgaged premises during such time as the mortgage indehted~ ne.ss shall remain unpaid; and the Mortgagee shall have power to <J.ppoint any agent or agents it may desire for the purpose of repairing said premises and of renting the s.amc and collecting the rents, revenues and income, and it ma}' payout of said in- comes all expenses of repairing said premises and necessary commi~sions and expen:-.es incurred in renting and managing the same and of coUect.ing rentab therefrom; the balance remaining, if any. tv be apptied toward the dist.:harge of said mort!lage mdebtedness. 8. That he will keep the improvements now t"xisting or hereafter aected on the mortgageJ property, in~ured <:)\ may be required from time to time oy the Mortgagee against loss by fire and other hazards, cas.ualties and contingende~ in such amounts and for such periods as may be required by the Mortgagee and will pa} prumptly, '1.-;' hen due, <Iny rremium~ lHi ,w,:h insurance provision f(lr payment of which has not been made hc:reinbdore. All insuranl:c shall be c~rried in Ct'mpanie" ap- proved b}' the Mortgagee and the polide~ and renevl-31:- thereof sh~lI ne held hy the \1urtgagt'e ami have ;Jttached there-t,J !l\S~ payable c1au.ses in favor of and in form acceptable to the Mongagee In ':'l.-ent ~lf Il)S.. \tortg~gor \\ ill givl" imme\hate nl\til't' bv mail to the Mortgagee, whQ may make proof of los.~ jf not made promptly h} \.IOrlgagl,lf. and e~l\,:h insuran..:c I:lHnp;Ul}' l:\1n- cerned is. herehy authorized anti dlfccted to m~.Ike pay.rnent fo;' 'ueh lo~s (lire~tly to the l'\:tortgagee in:)te.aJ I,lf to the r-..h)flg,agor and the Mortgagee jointly. and the insur:.tn..:e proceed... or ..IO}' pitft thereof, may be 1.Ipplil'J or the Mt)rtg.lg('c at ih option either 10 the reduction of the indcbtedne:.~ hereby secured or to the restoration or ft.'pHir (if the pruperlj damaged, In c" t'nt of f..lft':('!i.1 sure of this mortgage or other transfer of tide to the rnortgagt'O property in e'(ttugubhmcnt llf the indchtedn-c...~ St~\"url'd here-b.}. aU right. title: and interest of the Mortgagor in and to any in~uran('t' poli..'ies then in f,m.T ~hafl pa...., to tht.' pur..:ha~('r tll gJ ~tnh,'1.' 9. Thai as. additiQmtl and ~ol1alera! :\e....urity ftn the payment of the IhJIt' JC\lTlbed. <tnJ all \tlfH" It) hel'nmc dut: uncleI' I!II~ rnortpge, the Mortgagor hereby a,!>igm. (l' the Mortgagee aH profit,,_ revt;'nlH...... r(l}~lltie~, righh ..;nd h.'ndit... ~1'.:..:fllJtlg It1 Ih...' M\WlgaS{)f under any and at! t'it and ga:!i Jea\t"\ on ".-tld premises. with the righl III r;::-..:o:'l\~: ,ind ft\,'tJpt j'llt th(,." ...;Htlt' ~lnd apI"\ tht'fO to ~id lndebtedne~s us well before a~ uftcr deLwh in the -i.:ondluon" t!f rhi:. nlNlg;~gt' .lrK; the Mi.Jri';;it1t~t' rn;l.~ dt'malld. '\.uc f-or anu recover any suC'h paymC'nt) when Jue and payable, hut ~haJl nol he fc-quirt'd >,\) !,; .Ill rhi.. ,1..."'lgIHTWH1 I~ fl' ,,'rnWi.lle ~md becorne nun and \fo;,d uptm rele~\"re of thl~ mnrtlluJ,te Hut). ~~11i;'3M i:,I- WI 84 - 002752