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3. If the total of the payments made by the Mot~gor under: (~ Ot paragraph 9 pteceditig shall exceed the
amount of paJinente actually made by the I1~oetgagw• ,for ground fettle, taxes and asaea~tita, and insurance
premiums, v the case ma~ be, such excess shall be credited on subaequeat p~ac-enta to be p-ade by the Mort-
gagor for such items or, • Mortgagee's option, shall bs refunded to o If, 6owe~er, such monthly
pps~~yments shall not be autficien6 to pay such items whoa the same atia11 become due and payable, then the
Mortgagor shall pay to the Mortgagee any amount neoasaty to makeup the deficiency. Such payment shall
be made within t ' y (30) days attar written notice from the Mortgagee stating the amount of the deficiency,
which notice may be liven by mail. If at aqy time the Mortgagor shall leader to the Mortgagee in aecord-
ance with the provisions of the note secured hereby, full payment of the entire indebtedness represented
thereby, the Mortgagee shall, in computing the amount of aueh indebtedness, credit to the account o[ the
Mortgagor any credit balance remaining under the provisions of (s) of said p ph 2. It them shall be u
default under any of the provisions of this mortgage resulting in a public sale oI the prnmisea covered hereby,
or if tho Mortgagee acquiros the property otherwise after default, the Mortgagee shall apply, at the time of
the commencement of each proceedings or at the time the property is otherwese ac wired, Y6e amount then
rcmuiilitig to credit of Ilio aF•-or under (s) of paragraph 2 preceding as s credit on the interest accrued and
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4. Ae will pay all taxes, sseee®ents, water rates„ sad other governmental tx municipal charges, tines, or
impositions, for which provision has not been made hereinbefore, and is default thereof the Mortgagee may pay the
same; and that be will promptly deliver the official receipts therefor to the Mortgagee.
b. 13e will permit, commit, or suffer no waste, impairment, or deterioration of said property or say part thereof,
except reasonable wear and tear; and is the event of the failure of the Mortgagor to keep the buildings oa said
premises sad those to be erected on sedd premises, or improvements thereon, is good repair, the Mortgagee may
make such repairs sa its discretion it may deem neoee~eary for the proper preservation thereof, and the full amount
of each and every such payment shall be due and payable thirty (30) days after demand, and shall be secured by
the lien of this mortgage.
6. 13e will-pay all snd singular the costs, , and expenses, including reasonable lawyer's fees, sad costa
of abstracts of title, incurred or paid at any time by a Mortgagee because of the failure on the part of the iViortgagor
promptly and fully to perform the agreements and covenants of said promissory note and this mortgage, and said
costs, charges, and expenses shall be immediately due and payable and shall be secured by the lien of this mortgage.
7. He will continuous)vy maintain hazard insurance, of such type os types and amounts as Mortgagee may
from time to time regnire, on the improvements now or hereafter on said premises sad except when payment
for all such premiums has theretofore been made under (a .of paragraph 2 hereof ~e will pay promptlyy when
due any premiums therefor. All insurance shall be carried in oompames approve by rortgaaggee and the poli-
cies and renewals thereof shall be held by Mortgagee and have attached thereto lose payable clauses in favor of
and inform acceptable to the Mortgagee. In event of lose he will give immediate notice by mail to Mortgagee,
and Mortgagee may make proof of loos if not made promptly by Mortgagor, and each insurance company
concerned is tleraby sutharued and directed W make payment for such loss directly to hiortgagea instead of
to Mortgagor and Mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied by Mort•
gages at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of
the property dammed. In event of foreclosure of this mortgage or other transfer of title to the mortgaged
property in extinguishment of the indebtedness secured hereby, of 1 right, title, and interest of the Mortgagor
in and to any insurance policies then in force shall pass to tbs puiaLaser or grantee.
8. He will not execute or file of record any instrument which imposes a r,wtriction upon the sale or ocxu-
pancy of the property described herein on the basis of race, color, 6r~creed.
9. The Mortgagee mny, at env time pending a suit upon this mortKage~, apply to the court having jnriwli,•-
t.ion thereof [or the appointment of a receiver, and such court shall fort vwith appoint a receiver of the premises
covered hereby all and singular, including all and singular the income, profile, uisues, and revenues from va•hat-
eyer source denv«I, each and every of which]j it being expressly understood, is hereby mortgaged as if specifically
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such court ss an admitted equity and a matter of absolute right to said Mortgagee, and without re[erence to
the adequacy or inadequary of the value of the property mortgaged or to the solvency or insnlyencv of said
M ortgagor or the defendants. Such rents, profits, income, ulsuea, and revenues shall be applied by such receiver
xccurdint; to the. lien of this mortgage and the practice of such court. In the event of any default on the part
of the Mortgagor hereunder, the Mortgagor agrees to pay to the Mortgagee. on demand sa a reasonable monthly
rental for the premises an amount at least equn•alent to one-twelfth (!;,) of the aggroRate of the twelve montt-1~•
installments payable in the then current year plus the actual amount of the annual IAXCS, asscagments, water
rates, and insurance pmmiums for such year not covered by the aforesaid monthly payments.
10. In the event of any breach of this mortgage or default on the part of the 1ortgagor, or in the event
that, env of said sums ul money herein referred to be not promptly and fully paid acconling to the tenor hereof,
or in the went that each amt every the atipulationa, agreements, con/litii,ns, and covenants of said note and
this mortgagge, err not duly, promptly, and fully performed or if the Mortgagor be adjudicated bankrupt or
mxdc defendant in a bankruptcy or receivership proceedings; then in either or any such event, the said al;gm-
gatc sum mentioned in said note then remaining unpaid, with interest accrued to that time, and all money
secured hereby, shall become due and payable forthwith, or themafter, at the option of said lliort¢age~, as
fully and completely as it all the said sums of money were originally. stipulated to be paid on such day, any-
thing in said note or in t}lia mortgage to the contrary notwithstanding; and thereupon or thereafter, at the option
of said ~fortgagce, without notice or demand, sult at Iaw or in equity, rosy be prosecuted as if all moneys
secured hereby had matured prior to its institution. The ltortgat;ee may fore•cloae this mortgage, as to the
Aillnllnt so declared due and payable, and the said priialii~ all&11 be Bald to sstlsfy and pay the same together
with scats, expenses, and allowance. In cage of partial foreclosure of this mortgagge, the mortgaged premises
shall be sold subject to the continuing lien of this mortgage for the amount of the dell not then due and unpaid.
In such case the provisions of this paragraph may again be availed of thereafter from time to lime by the
l~fortgagee.
11. I~'o waiver of any covenant herein or of the obligation secured hereby shall at any time tllercafter be
held to be a waiver of the terms hereof or of the note secured hereby.
12. The lien of this instrument shall remain in full force and effect during any Ix,stponement or extension
of the time of payment of the indebtedness or any part thereof secured hereby.
13. This mortga a is given to secure the purchase money, or a part thereof, of the lands herein described
and is executed and delivered contemporaneously with the deed therefor.
14. If the Mortgagor default in any of the covenants or agreements contained herein, or in said note, then
the Mortgagee may perform the same, and all expenditures (including reasonable attorney's fees) made by the
Mortgage in so loin shall draw interest at the rate provided for in the principal indebtedness, anti shall be
repayable thirty (30) ~ays after demand, and, together with interest and costa accrued thereon, shall be secured
by this mortgage.
15. Upc1n the requet of the Mortgagee the Mortgagor shall execute and deliver a supplemental note or
notes for the sum or sums ac:vanced by the Mortgagee for the alteration, modernization, improvement, main-
tenance, or repair of said premises; for laze or assessments sgninst the name snd for any other purpose author-
ized hemunder. Said note or notes shall be secured hereby on a parity with and ss fully as if the alivnnce
evidenced thereby were included in the note first described above. Said supplemental note or notes shall bear