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3. If d-e total of tl~e pa sofa madeby tiiii 14iortigagor under (a) of paragraph 2 preceding shall e~cced the
amount of payments actually made by the Mortgagee; for ground rents, taeea and asse~esmenta, and insuranee
premiums, as the case may be, such a:cess shall be credited on subaequ~ent payments to be made by the~.Mort-
gagor for such items or, at Morigogee's option, shall be refunded to Mort,~sgor. It, however, such monthly
payments shall not be sufficient to pay such items when tl~e same shall become due and pa able, then the
Mortgagor shall pay to the Mortgagee any amount necessary to make up the deficiency. Such payment shall
be made within thirty (30) days after written notice from the Mortgagee stating the amount of tl~e deficiency,
which notice may be even by mail. If at an time the Mortgagor shall tender to the Mortgagee in aceord-
ance with the pprovisions of the note eecdred hereby, full payment of the entire indebtedness represented
thereby, the Mortgagee shall, in computing the amount of such indebtedness, credit to the account of the
Mortgagor kny credit balance remaining under the provisions of (a) of said paragraph 2. If there shall be a
default under sqy of the provisions of this mortgage resulting in a public sale of the premises covered hereby,
or if the Mortgagee acgnires'the property otherwise after default, the Mortgagee ahaU apply, at the bime of -~
the commencement of such proceedings or st the time the property is otherwise acquired, the amount then
remaining to credit of Mortgagor under (s) of paragraph 2 preceding as a credit on the interest accrued and
unpaid and the balance to the principal then rema~nmg unpaid on said note.
4. He wl11 pay aII rases, aeeeesments, water rates, sad other governmental or municipal charges, fines, or
impositions, for which provision has not bees made hereinbetore, and in default thereof the Mortgagee may pay the
same; end that be will promptly deliver the official receipts therefor to the Mortgagee.
6. He will permit" commit, or suffer no waste, impairment, or deterioration of said property or any part thereof,
eaccept reasonable wear and t~ear• :ad is the event of the failure of the Mortgagor to keep the buildingp on said
premises and those to be ereete~ an said premises, or improvements thereon, in good repair, the Mortgagee may
make such repairs as in its disaretfon it may deem necessary for the proper preeervatioa thereof, and the full amount
of each and every such payment shall be due and payable thirty (30) days after demand, a~ shell be secured by
the lien of this mortgage.
6. He will pay all sad singuar the costa, c'hsrgee~aad ezpenses, including reasonable Lwyer's fees, and costs
of abstracts of tit]e, incurred or paid st any time by tWhi ort6agee because of the failure on the part of the Mortgagor
promptly and fully to perform t}-e agreements and oovensnte of said promissory note and this mortgage, and said
costa, charges, and ezpeasee shall be i~mmediatekj- due and payable and shall be secured by the lien of this mortgage.
7. He will continnouelvy maintain harard insurance, of such type•or types and amounte'as Mortgagee may
from time to time require, on the improvemeate now or hereafter on saiddp»mises and except when ,payment
for all such premiums has theretofore bean made under (s of paragrarph 2 hereof ~e will pay promptlyy when
due any premiums therefor. All insurance shall be carried in oompames approve by Mortgagee and the poli-
cies and renewals thereof shall be held by Mortgagee and have attached thereto loos payable clauses in favor of
and in form acceptable to the Mo In event of loss he will give immediate notice by mail to Mortgagee,
and Mortgagee may make pn,of~ if not made promptly by Mortgagor, and each insurance company
concerned is hereby authonzed and directed to make payment for such loss directly to Mortgagee instead of
to Mortgagor and Mortgages jointly, and the insurance proceeds, or any part thereof, may be app 'ed by Mort-
gagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of
the property dame~ed. In event of foreclosure of this mortgage or other taansfer of title to the mortgaged
property m eatmguiahment of the indebtedness secured hereby, a~ right, title, and interest of the Mortgagor
zn and to any insurance policies then in force shall pass to the purchaser or grantee.
8. He will not execute or file of record any instrument which imposes a restriction upon the sale or occu-
pancy of the property described herein on the basis of race, color, or creed.
9. The Dortgagee may, at an~ time pending a suit upon this mortgage, apply to the court having jurisdic-
tion thereof for the appointment o s receiver, sad such court shall forrttfihwith appoint a receiver of the premises
covered hereby all and singular, including all and singular the income, profile, issues, and revenues from what-
ever source denved, each and every of which it being expressly understood, is hereby mortgaged as if specifically
set forth and described in the granting an~ habendum clauses hereof. Such appointment shall be made by
such court sa an admitted equity and a matter of absolute right to said Mortgagee, and without reference to
the adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said
Mort,~agor or the defendants. Such rents, profits, income, u~suee, sad revenues shall be bpplied by such receiver
according to the lien of this mortgage and the practice of such court. In the event of any default on the part
of the :tortgagor hereunder, the Mortgagor a~reea to pay Lo the Mor ages on demand as s reasonable monthly
rental for t)ze premises an amount at least equivalent to one-twelfth (~,) of the aggregate of the twelve monthh~
installments payable in the then current year plus the actual amount of the annual taxes, assessments, water
rates, and insurance premiums for such year not covered by rho aforesaid monthly payments.
10. In the event of any breach of this mortgage or default on the part of the Mortgagor, or in the event
that any of said sums of money herein referred to be not promptly and fully paid according to the tenor hereof,
or in the event that each and every the stipulations, agreements, conditions, and covenants of said note and
this mortgage, are not duly, promptly, and fully performed or if the Mortgagor be adjudicated bankrupt or
made defendant in a bankruptcy or receivership proceedings; then in either or any such event, the said aggre-
gate sum mentioned in said note then rem unpaid, with interest accrued to that time, and all money
secured hereby shall become due and payab~orthwith, or thereafter, et the option of said lliortgage~, ss
fully and completely as if all the said sums of money were originally Stipulated to be paid on such day, any-
thing m said note or in Chia mort~sge to the oontrarl-notwithstanding; and thereupon or thereafter, at the option
of said Mor ,without notice or demand, swt at law or in equity, may be prosecuted as if all moneys
secured herebsd matured prior to its institution. The Mortgagee may foreclose this mortgage, as to the
amount so declared due and payable, and the said premises shall sold to satisfy and pay the same together
with costa expenses, and allowances. In case of partial foreclosure of thin mortgage, the mortgaged Qmmises
shall be sold subject to the continuing lien of thin mortgage for the amount of the debt not then ud a and unpaid.
In such case the provisions of this paragraph may again be availed of thereafter from time to time by the
Mortgagee. -
11. No waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be
held to be s waiver of the terms hereof or of the note secured hereby.
12. The liefl of this instrument shall remain in full force and effect during any postponement or extension
of the tune of payment of the indebtedness or say part thereof secured hereby. .
13. This mort~a~e m given to secure the purchase money, or a part thereof, of the lends herein described
and is executed and delivered oontamporaneoudy with the deed therefor.
14. If the Mortgagor default is say of the covenants or agreement. contained herein, or in said note, then
the Mortgagee may perform the same, sad all a=petiditures ~inclnding r~sseonable attorney's fees) made by the -
Mo m so dou-~ shall draw oftener at the rate provided for in the principal indebtedness, and shall be
repsyhble thirty . (80) days after demwd, sad, togethee with interest sad costa accrued thereon, shall be secured
by this mortgage.
lb. Uppoon the request o! the Mortg~sg~ee lays Mortgagor shall eatecute sad deliver • supplemental note or
notes for the sum or sums sd~aaeed by ttthfee Mortgagee fee the alteration, awderaiution, improvement, main-
tmanoe, or repair of said pcesnises, for tries or assessments against the same sad for say other parpose sutbor-
i:ed hereunder. Said note or notes 4hsD be secured herby en a p~at~r with sad as fully as J the advance __
evidenced thereby wez+e included in the note ficsL de~csibed abode. $aidwpplemental note or notes shall best
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