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a. If the total of the paymei.ls mlWt. by thE' Mortgagor undl.r (a) of pa.rllgraph 2 prt't'l'dinK shall ";'<I'l','t! the
amount of payments actuallY Illadl' bv thl' ~iurtgagl'e, for ground rt'nts, ta'<I'S and a~ql'~llIellt9, ~Illllllsura:\('.t'
IJ/~m:ullls, 8.8 'the 1'a..."tJ lllllY bl" !lu,h e,xc6"_~ '>,:Ial! be creditrd on SUb!'l('qUt'jlt payments :') be made Il); thl' ~Iort~
~agor for 8111:il itemg or, at Mortgage<:"8 option, shl\ll !.>e refunded to .\It rtgtl~or. If, however, SIlC.1 1I1,)I\t hi)
pl\yml'nt s tlhall not be suffici"nL to PRY !Ctuch iti'InS when the 88ml' shall Iw('ome ,due allll, pll V Il.bL. , tbl'lI tl...
~fort~l\gor Ilhall pay to the ~f/);-tgag,~e any amou:lt nt';:e,,;oary to JIltlke up t1>I' ~,'fi(,II'll"Y. Such PI\Yll\t'.n~ !tha~l
01.' nlll.tle within thirty (30) .If\_~s after written aoticl'1 om thl' ~fort~ilgt'(' 3tatmg (hE' amount of the ~I'hl'\l'nc),
which notice may bt' given by m,.], If at anl time th(' ~fortga.gor shall tenda, to ! Ill' \fNlgagl'E' 111 ucwro-
IInce,witL the pnw:llions of the note St'~l1rt'o h('rcby, fuB paynll'nt of the entm' Il\dl,l)tl'dlH'S;l "epfl'SI'llt~.tI
thereby, tha ~fortgu.gl'e 8hail, in computing t.he amount o~ such inol.bt!'~rw~q, crl'olt tl} th!' Il.',:'count of till'
~{ortgagor IUlY cn>dit balance rl'll'luning und('f thl' provi~ions of (1\) of ~a\ll PI\rtluTUph 2., If thert' s~lIIll bl' II
tldault l.:ndef I\ny of the provi8ions of this mOftg~e rt'911llin~ in a public sal" of t~le prpll1lS!'S CO'iI'rl'(1 ~,I'r!'h)',
or if th" ~Iortgage(' acquirt'S thi.' property otherwlw Ilftl'r dril",ult, th~ Mortgl\~N" shall. apply, at th(' dml' of
I Ill, {'?i?nH'IICl'm('~t of 81lCh pToc('t'oings or at tht' timE' th~ properly IS llthl'r\\o'lf,f' I\ct~U1r:'d, ,lI~e all~(:\lnt ~h('n
n'rT1I111llllg to ('rpdlt of ~lorlgagor und('\' (a) of paragraph :l precl'dmg IL'l Il credit on Uil' lIl\t r. st Ih aUl't! and
unpnid ami t~e balance to tht. principtll then rt'maini.~ unpllid on !lli!d note,
. 4. He will pay all ta-XflS, &88eIl8II'enta, water rate3, and other governmt'ntal or municipal cbYge8, fines, or
impositions, for wlich provision has not been IDB.de Letei:1befcre, and in default th"rrof the Mortg~ may pay the
same; and that he will promptly deliver the offiL'ial receipts therefor to the Mo.tgagee.
5. He v;'ill permi.., commit, or lluffer DO wUle, impairment, or deterioration of 82.id property or any part thereof,
t'xcept reasonablo wear and tear; and in the event of the failure of the Mortgagor to keep the buildings on Mid
prernilles lU1d thOl!C to be erected on said premiJles, or improvl'ment!l tht'reon, in good repair, the ~fortg!l~ !r.ay
make such repairs a.s in its discretion it may deem necetll".&ry f:}r the proper preservation thereof, ann .the full amount
of each and every 8uch payment !hal! be <iue anll payable t.hirty (30) day-i' &ft~r demand, and sha~l be secured by
the lien of this ml'rtgage.
6. He will iJRY all and singular the C08tl1, charge8, and e.'tpenaes, inc:Juding rcaoonable lawyer's fees, and costll
of a.bstractll of title, incurred or pl'id at any time by the Mortgagee because of thE: failure on the pa.rt of the ~[ortgl\gor
promptly and Iulll to pl.rfonn the ~mentB and covenant!l of said promill8Ory note and this mortgage, and 5lI.id
008ts, charges, and expe0Be8 8luill be immediately due and payable and shall be secured by the lien of this mortgage,
7. He will continuously IDllint&in hlLZard insurauce, of such type or types and amounts 8.8 ~Iortgagee may
from time to time reQuire, on the improvements now or hereafter cn 8Jlid premises, and except when payment
for all 8uch premiums haa theretofore been made un':ler (8) of paragraph 2 hereof, he will p&oy promptly when
due any premiums therefor. All insurance shall be carriNi in companies approved by ~Iortgag<,e and the poli-
cies anu 1 cnewa\.s thereof Rhall be hl'id by Mortgagee and havs atta.ched thereto loss payable clauses in fave. of
aLIld in form acceptable to the Mortgagee,. In event of 1088 he will give immediate not;,~ by.ml\il to ~Iongagee,
t.nd ~10rtgagee may m'ake pn\()f of loss if not made promptly by Mortgagor, IUld each 1Il8urance coml'any
concerned is hereby authoriZeJ and directed to make payment for such 1088 directly to Morlgagl'e inst{'ad of
to Mortgagor IUld ~Iortgagee jointly, and the insurance proceed8, or any part thereot, may be af.lplie~ by ~Iort-
g!!.gee at its option either to the reduction of the indebtedness hereby secured or to the rt'Storation or repair of
the property t.lam~ed, In event of foreclosure of this mortgage~. Of other transfer of title to the r!lortgaged
property in extingmshment of the indebtednees secured hereby, &1l right, till,), and interest of the Mortgagor
m &Ild to any insurance policies then in fNee shall p8.S8 to the pu.rcbaser or gra.nlee,
8. H,' wiil not execute or file of record any instrument which imposes a restriction upon the sale or ()('('u-
paney of the property described herein on the ba.sis of race, w!or, or cr6~.
9, The Mort~agee n1ay, ~\t anv time pep-ding a suit upon this mortgf\g(', :-pply to the comt hl\\'in~ jllri~,\i('-
tion thereof for the appointment of a reC('lver, and such courL 8hall forthwith app'lint a recl'i\','r of lllt' pn'misps
coV('red hl'f(.by. all. a.nd singular. illriudin~ all. and. sin!;Ular the income, prot~ts, issues, and revl'nut'~ from ~dll:lt-
en'r source d('rtveu, fach and evPrY of which, It bemg t'xprl'ssly understood, IS hert'by,mortgagl.d I\S If Spl'Clhrt\11 \"
!let forth and dt'scribed in till' gr::.nting and habendum clauses herl'of. Such appointment shl\lI hI' nuu\i. b~'
sllch court as an admitit'd equiiy and & matter of absolute right to said ~{ortgagee, I\nd without r,'fert'\H'l' to
!he ad('quacy or inadequacy of the value of the p~operty :mortgag-en or to the so!\'t'ncy o~ insol\'l'nry of ~I\id
."\Iortgagor or the dt.'fl'nde.ntB. Sueh rent8, profits, illCO[.1e, ISSUes, IUld revenues shall be apphed by such recelVl'r
according to the lil'n of this mortgage and the practice of such court. In the eVl'nt of &oIlV ddault on the part
of the ~lortgagor hereunder, the ~lort~Rgor ~ees to pay to the ~Iortgagee on deml\nd as a ref.\sonahll' monthly
renltll ior the premise~ an amount at ll'ast eqll1\'alent to one-twelfth (H,) of the aggregat~ of the tWl'lve monthly
installments payab)", m the t!ll'n currl'nt year plu8 the actual hmount of the annual taxes, assessml'nts, walt-r
rates, and insunnce pr!:'miums for such year not covered by the afore8aid monthly payments,
10, In th~ event of any br('arh ,of this mortgage or default on the part O( the ~IortgRgor, or in the ennt
that any of said sums of money herem refer~ed. to. be not promptly and fully paid according to the teno,' hereof,
o,r,in the event that cach and every tIll' sttpulatlUn!>, agrl'emen~, condit iUIi!' , and cove~lln~s of said note Rnd
tlll& mortgage, &rl' not duly, promptly, and fully performed or tf the ~Iortgagor be 8tlJuolcatt'tl bankrupt or
mad.~ defendan~ in a ?ank~uptcy or receivers~up procee~in~; th~n in either 0r any such ev.ent, the sf\id 8ggr('-
gate Burn ml'ntlOndl, 1Il sRid note thrn remaIDmg unp~ld, With lIller,est accrul'd to .that tlm~, and I'll money
8{'eured herebYi 8hr,il bt;come due !'Dd payable forthwlih, o~ l;herealt.e~, at the opl1on of said ~Iortgagee, as
fully and <;omp ~tdy: l\8 I! all the 8ald sums of money were. orlgmaJ.ly stIpulated to be paid on such day, any-
>hing in Bald note or m, thIS mort~age to the contrMY no twith.st&Ilding ; and thereupon or thereaiwr, at thl' option
of s8id Mortgagee, WIthout not!ce or .de~an~, 8~it at law or in equity, ml\V be prosecuted as if all monl'vs
secured hereby had matured prtor to Its m811tu~:on, 'J!1e Mortgagee may foreclose this mortgage, as to the
amount so declart'd due and payable, and the saId pre~l\ses RhaU be sold to satisfy and pay the same tVI!t'thpr
with costs, exp<'~ll('s, and allow~nc~, ,In ce.se ?f i>brtial foreclosure <.of thi~ mortgagl', the mortgf\gt'd prl'miS<'s
shall be sold eub)ect to.t~e contmu.mg hen of thiS mortga~e for the aml)unt of the debt not then dut' and unpaid.
In such cue the pr07181OD.8 of this paragraph Ill&Y agam be av8.iled of thereafter Jrom. time to timc bv the
Mortgagee.' .
11. No waiver of any covenant herein or of the obligation secured hereby shall at anv time thereafter be
held to be a waiver of the terms hereof or of the note secure<! herebv,' .
i2. The lien of this in8tru~nent shaH remain in fdl force and eff~ct during any postponell1rllt or t'xtrnsion
of the time of payment of the mdebtednC8& or any part t.herrof secured hereby.
13, This mort28.2e ,is gi"'PI1 t{.> ~cure the purchue money, or a part thereo!, or the lands herein (;l'!{'ribed
and is executed ar,a delivered cont.emporaneou.sly with the deed therefor.
14. If the Mortgagor default in AnY of the covenauta or agreementa contained herein, or in Mid not~, then
Uie Mortg~ may,Perform the 8a,me, and alll'xpendi\;ures (inciuding rello8Ontl.ble attorney's fees) madl' by the
Mortg&gee J1.l 80 dOUlg shall draw mt.ere8t ai. the rate p!'O.ideti for in the principal indebtedOl'Y, and shal~ be
repayable thirty (30) dt\ya after delll&nd, and, togethEr with int&'eet and costs accrued thereon, 8hall ~e seeured
by this mortgage,
15. Upon the reqU&U of the Mortgagee th" Mortgagor ",hall exeeut.e and deliver a supplemental note or
DOtes for the s~ m' 1l~!I18 ~v.Snced by the Mortgagee for th~ alterlt.tion, modl\J'IliZtl.tioIl, improveraent, main-
tenwce, or repaIl' of .sald preml8e8, f\)r taxea 0f 888e88men18 against the same rwd for any other purpose &11 thor-
~ hf:reunder, Said n?te or noLes ahall be 8eCu:'ed hereby on a plUity ,..;th and as iully a8 if the advance
eVIdenced thereby wel'e mcludNi L'l ~ note first deBCribed ll.bove. Said supplemental note or not~. shall !le'!.r