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.,c.hC., ...., policies saic:! MORTGAGEE shall ha'" the option to ,..!ve end APPly tne ~r_ un K(;)Uft1 ot 1"- indeb;ednc~ secured hereby or to
permit said MORTC.~ to receive .nd ~ .. or wry p.rt therwf foX or.,., pur~ without thereby _Ivine or ifni)otlrine AIry equity.
lien or ript ~, or by virtue of tHa Mortpee; end In the ...,.,. Mid MORTCA0G0R5 ~II for eny ruton f.i1 to kHP the Mid premi~
to i,..".d, Ol' f.i1 to dellwf plCl'ftptly lint of ukI pollc_ of inIunlnce to uid MORTGAGEE, or f.il prompt"" to c>>Y fully wry Pf*1'Ium ~for.
or In any retp8Ct hil to perform, cIIdw...., ...cute, eftKt. cornpIeN. comply wI~ end Mlide by this COYI'1Mt. CK wry c>>rt hereof, Mid MORT.
GAGEE rN'f place at'd !MY for .."..,h inIunIrQ or lint pert tt.td without _Iv,", or .f::::L any option. u.n. ~ty, or rlpt under or by
virtue of this Mortcaae, ~ the full .mount of MCh end evert IUCh payment shall be teIy due end ~.. .,..d shall bear InteRSt
from the cb.. t~ untfl peId .t the .... of sbe and six-tenths per cent per annum and together with such In...... shall be secured by tN
lien of this mortpte.
4. To penNt. ccmmit or suffer no WII1e, Impair.-.. or ckterior.tlon of uId property or eny pert theNof.
5. It Is t..reby specifically ..,eed that any sum or IUtnI which rnIlY be loaned or advanced by the Mort..... to the Mort..aor at an.,
"ime .h., the ~ of tNs indent_, tocethar with Inte..... theNon at lhe III" ..rMd upon at the time of auch loan or advance. shall be
equally ~ with and have the same priority .. the crlJlnIl Indebt--. and be subject to .Ii the tennI and provlllonl of this mort....:
Provided, that the ...repte amount of prlndpal outItandlnt .t wry time shall not eJCMd an amount equal to OM hundr.d .nd flhy pet' cet\t
11 50") of the prlncic>>1 amount orilinally IeCUNd heNby.
6. To !MY all and 1i...1., the COltS, cha.... and expenMI, Includlne . ~ .ttorney's ... end COlts ~ abstlllCt of tit" In-
curred or peld .t eny time by Mid MORTCACEE ~ or In the event of the failure on the c>>rt of the Mid MORTCACOR to duly. promptly
and fully perform. diKha,.., eucute, efNct. COCilp...., comply wI~" .nd abide by MCh end evert the sttpuIattonl, ...ewnents, conditions
and covenants of Mid promIaotY note ar.d this ..-tpp wry or eith..., .nd said costs. cha..... end expenMI, MCh and evert. shall be
immedietely due and pey1lb1e; whether or not there be notice. dlmand. .ttempt to collect or IUlt pendInt; end the fuli amount of eech and
every such payment shall bMr Interest from the ct... thereof .....1 peld .t the ra" of Ilx end six-tenths per c.ntum per annum; end .11 Mid
com. cha.... and expenses 10 Incurred or p.1d. toe""" with IUCh Interest. shall be ucured by the lien of this mortta...
7. That W In the ewnt of eny br...:h ')f this MorttaIe or default on the p.rt of the MORTGAGOR. or (h) In the event .ny of said
__ of money heBin referred to be not plCl'ftptly Met fully peld within thirty (30) days next .fter the same _rally become due Met ~able.
without damand Of' notice. or (e) In the awnt each end ~." m. ltic)ulationa, .,...,.,... ccnditlonl and covenants of said promlUOfy note
and tNs mort.... wry or either .re not duly. ptOhlptly and fully performed, ditchar.... eQCUted., effected, c:ompler.d compiled with and
abided by. then In either or wry such event. the Mid ......... ~ mentioned In Mid promlUOfy note then remalnlnt ~kI, with Intwest
accrued, and .11 rnGney$.cured hereby. shall bea1me due end ~e forthwith, or thenNltter. .t IN option of Mid MORTCAGEE. .. fully
and completely .. If .11 of the Mid sums of money __ orl.lnally ltIpular.d to be peId on such drt. anyth\ne In said promlnory note or In
this Mortp.. to the contr.ry not wlthst.ndl",; and thereupon or thereafter .t the option of said MORTCAGEE. without notia or d.mand.
suit .t law or In equity. INIY be prosecuted" If .11 ~I_ secured t.eby had rnIltured prior to Its Institution.
8. That In the e\>-.nt that at the bellnnln. of or at eny time pendin. eny suit upon this t.4orttaIe: or to foreclose It. or to reform
It. or to -,force payment of My claims hereunder, Mid MORTCACEE shall apply to the COl.'rt havine Jurlldlctlon thereof for the .ppoIntment
of . Receiver. such Court shall forthwith appoint . Reoal_, of Mid morta-pet property .11 .nd Ilnaular, IncludJ", .11 and linlular the
Income. profits, ISIUes and rwenues from whatever source derived, each and every of which, It beInc ~Iy undantood.. II heNby mort.
p,ed .. If spectiflcally sat forth and ct.crtbed In the .,.mInt end ~~ clauses hereof, and IUCh ReceI_ shall have .11 the broed .nd
effective functions and powe" In anywi.. .,.trulted by. Court to. Reui_. and such .ppoIntment shall be made by such Court .. an
admi"ed equit'f"llnd . tNttel' of abIoIute rllht to said MORTGAGEE. .nd without ref9rence to the ~ or Inadequacy of the v.1ue of the
property mortp,ed or to the solvency or Insolvency of said MORTCA.GOR or the defendants. and that such rents. profits, Incomes. l..-
and ,.".,.,. shall be applied by such Receiver .ccordl", to the lien or CIQUIty of Mid MORTCAGEE and the practk:e of tu('h Court.
9. To duly, promptly end fully perform, cIltcha...., eucute. effect, complete comply with and abide by each end '.very the stlpu-
lations. a,_'" conditions .nd coY<<\otnts In said promIuory note and in this mort..,. set forth.
10. That In the event the ownership of ,he mortJaied preml.... or any p.rt thereof. becomeI vated In . person other than m.
MORTCACiOR. the MORTCACEE, Its IUCCeI80B .nd .1Ii..... may. without notice to the MORTCACOR, deal with such successor or successorI
In Interest with remwnc. to this mortta.. and the debt heNby eecured In the same menner .. with Mortpaor without In eny way vitlatl",
or cltcharalnt the MorttaIor's 1~lIty hereunder or upon the debt hereby 14XU1ed. No M" of the premtMl hereby mortpIed end no for..
bearance on the p.rt of the MORTGAGEE cw Its .1CiCeW'"'I or ...... .nd no extension of the time for the paymertt of the debt hereby MCUred
liven by the MORT~E or Its MICICesIO"'I or ......... shall operate to reteaM, eb:ha".. modify. chanp or effect the Oti,lnal liability of
the MORTCACOR herein, either In whole or In c>>rt.
11. It II speclftcally ..reed that tlmII It of the eaenCI of this contTlICt end that no _1Yer or My obll..tlon hetwundor or of the
obllptlon secured hereby shall at wry time thaNe_ be held to a. . _1_ of the ternw hereof or of the an.trum.ot _red hMoeby.
IN WITNESS WHEREOF, the Mid MORTGAGOR ... heNunto ... his hencI end _I the day end yeM' fl"t .foresald.
S1Fed, Sealed end deliwred In ~ of:
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