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~b~k 15 PACE159
3. 11 fJIl' total of the payments made by the MortPl'or under <a) of paragraph 2 pf'fICedinc aball exceed the
_ amount of payment.& ..ct.ually made by the M~, lor ground r"'''\~ ,"-X('8 and t.IItk'tI8IDIInta, and illAUrt.IlOe
premiuma, M t.he cue may \)e, such e,,'eeM ahall be credited on IUbeequen.. paymen\a to be madt; by ..he Mort-
gagor for BOeh itema or, a' Morippe's opLion, ahall be refunded to Moft<<alor. If, bowa.er, nch mon..h1y
~yments eball not be lufficient to pallueb it.ema when the aame .ball bOOome due and payable, then \hp
Mortgagor shall pay to ..he Mortppe any amount n~ to make up the de.il'ney,SUeh payment ahall
be made within thirty (30) daYI afa.er wri..a.en notice from the MortK~ stating the amount of the deficiency,
which ~tice may be pun by mail. If a\ any time the MortcalOr .ball tender to the Mortppe in accord-
ance wtth the proVil101lA of the note lIt'lCured hereby, full paym.nt of the entirp indpbtednf'tll represt.ntro
thereby, the Mort.gagee &ball, in computing the amount. of luch indebttoGnesa, credit to the account of tht.
M~agor any credit. balance remaining under the provisions of (a) of &aid paragraph 2, If there &hall be a
dt'fau_t. under any of t.he I?rovisionl of this mortcar 1't"8ulting in a publie aalf' of fJu~ pl1'miBN coverM ht'ft'by.
or if thl' Mortgagt'e ~ull'e8 t.he propf'l'\y otherwlll8 after default., the Mortg~ee shall apply, at thl' t.ime of
the C?~ml'ncl'mp~t of IUt'h proeeedi~ or at the time Uaf' propt'rty is othf'rw.. acqulrl'd, tht' amount. then
rt'ma!nmg to rrl'dlt. of Mortgagor under (a> of paragraph 2 pr('Cl'din~ as a erediL on the inkfl'8t accrued and
~Hptud and t.he balance to the ~ principal then remaining unpaid on aaid uot.e.
4. He will pay aD taue, .. -teftta, trater rateI, aDd other aovernmeotal ~ municipal charpa, 6neI, or
impollitiona, for wbich provieiOD baa DOt been made hereinbefore, and in default tbereoI the Mortppe may pay the
8&IDe; and that he will promptly deliver the oIicial reoeipta therefor to the Mortp&e8.
6. 11e will permit. commit, 01' lIU1rer DO wute, impairment, or deterioration of ea1d property ~ any paR thereof,
except reuonable wear and teat; aDd in the event of the failure of the Mort.p&or k. keep the buildinp on said
premi.aee and thoee to be erected on said premi8ee, or improvementa thereon, in good repairl the Mort.plee may
make IUch repairs.. in ita diecreOOD it may deem DeCe8lJaI')' for the proper preeervation thereof, and the full amount
of each and every such payment ahall be due and payable tbiRy (30) da:;.. after demand, and abaIl be eecured by
the lien of this mortpp. - - ~ .
6. He will pay aU and singular the' coeta. chargee, and expenaee, including reasonable lawyer'. feee, and costa
of abetracta of tit.le, incurred or paid at any time by the Morlga<<ee becauae of theJailure on the part of the Mort.p&or
promptly and fully to perform the agreements and ClOvenanta of laid promiMory note and this mort.pge, and said
008ta, cbarpe, and expe1'\8e8 sbaU be Im~ately due and payable and ahall be IlOOUred by the lien of this mort.pge,
7. He will continuously maintain buard insurance, of wch type or types and amounts as Mortgagee may
from time to time require, on the improvements now or hereafter on said premises and except when payment
for all such premiums h.. theretofore been made under (a) of paragra,Ph:4 hereof\ he will pay promptlv when
due any premiums t.herefor, All insurance shall be carried in rompames approvoo by Mortgagee and the poli-
cies and renewals thereof shall be held by Mortgagee and have attached thereto 1088 payable clauses in favor of
and in form acceptable to the Mortgagee. In event. of 1088 be will give immediat.e notice by mail to Mortgagee,
and Mortgagee may make proof of 10M if not made promptly by Mortgagor, and each ilUlur&nce company
concerned is hereby authorized and directed to make payment. for such loss directly to Mortgagee instead of
to Mortgagor and Mortgagee jointly, and t.he insurance proceeds, or any part thereof, may be a,plied by Mort.-
gagee at its option t'ither to the reduction of the indebtednC88 hereby secured or to the restoration or repair of
the property dam~ed. In event of forecl08ure of this mortgaget,or other transfer of tit.le to the mortgaged
property in extingUishment of the indebtedness secured hereby, au right, title, and int.enlBt of the Mortgagor
m and to any insurance policies then in force shall pass to the purchuer or grantee.
8. HI' will not t'Xt'Cutt' or file of r,>('ord any ilUltrumt'nt whit'h impo8E'8 a rl'!ltrietiulI Upoll the 8&1(1 or ()('I'U-
pancy of tht' prop~rty dt'SCribed h~rf'in on thtl basis of race, color, or creed,
9. The Mortgagl'c ma:r, at 'any tiDlf' fX'nding a suit upon this Dlortgllgt', apply to thl' rourt hl\\"inll jllris.\ic'-
tion thf'rt'o! for the appointmf'nt ol a rt>('.('IVt'r, and sut'h rourt. shall forthwith appoint a rt'rt.ivl'r of tIll' pr"lI1i!,\I'S
eovl'red hf'l"t'by all and singular, im'hlllin~ all and singular the inrome, profits, issucs, ani I reVl'nut'S from what-
ever 8OUrCt~ derivell, t'8eh llnll t."l'ry of Wllll.h, it bt'ing nprt'98ly unclt'l'IItood, is ht'rt'by Dlortgagl'dl\."I if ~pl'c'ifil'ally
sd forth and dt'~~ribec.l in the granting and habelldum clauses bert'of. Sm'h appointment. shall ht' mad,. h.v
sUl'h c'ourt a..~ an allmittl'll t.quity and a Dlattt'r of absolute right to said ~lurtgllgl'e, and without rt.fl.rl'nl'l' to
thl' ad~quary or inadt'(IUary of tht' vahlt' of tIlt' property mortgaged or to tht' IOln.ney or imlolnnry of said
:\lortgagor o'r tht' rll'renrlant.8, SUl'h rt'ots, profit.8. inromt', issut'S. and reVl'nul'8 shall be applit'd by sudl reC'I'inr
llC'l.orcling to tIll' lien of this mortg~1' and thl" practil'f' of such rourt. In the f'v~nt of any lit'fRUlt 011 till' pllrt
of tIll' :\lltrtgagor Iu'reumll'r, tilt' Mortgagor agrl't'B to P8Y to tht' ~l()rtgllgl.t' on deDlllnd as a rt'll9Onahh' mllnthl~.
rt'ntl\l (. r till' prt-mil\('S an amount at "'8St equivlltt'nt to onl'-tweUth O{I) of thf' aggrt'~ah' of tht' tWt'I\"l' lI111nthly
installmt'nts payahlt' in tht' tllt'lI eurfl.~t Yt'ar plus the aclual amount of thl' annu81 ta)(t's, a>l..'4t'ssnwnts, w8h'r
ratt'B, and insur8m~t~ prt.miuDls for sUI.h Yl'ar not rovt'rt.d .by tIll' afort'~8id monthly p8y"wnts.
10. In thp t'vt'nt of any brt'Rl'h of 'this mortg~e or dt'tault on tht' part of the :\Iortgagor, or in tht' t'\"t'nt
that any of sllid sums of llU;lw,.llI'rt'in rt.ft-rrl'" to be not promptly ancl fully paid arcording to tht' tl.nor hf.'r('of.
or in tIll' t'vt'nl that f.'ach 8nll t'".rrv tht' stilmlations, Bgrt'l'mt'nts, conclitionK, and ,,)\'l'ntmt!'\ of sRill not,. IUlcl
this mortgllgt' art' not clulv, prompt"., llnc full v lwrformt'd or if the :\lortgagor be Juljudil'8lt'll hRnkrupt or
111/ule llt'fl.mI8~! in a I!llnk~uptr)' or r('ct'iVt'rs~Iip' procl'l'l~ings! th~n in t'itht'r or any sUl'h ('v.('nt, till' ~llid RI-'l'rt.-
galt. SUDl I1wntlOlIl.11 III 8.alCl note thl.n r('malmng unpRlll, WIth mtt'rt'!lt arcrut'tl to thRt tmw, anel f.ll mont'Y
l't'c'urt'd ht'r~bv, shall ht'l.ome due and pa}.ahle forthwith, or tl\t'r~Rfter, at tht' option of laid :\lortgRgrt', a~
fully and ':omi)It'lt'I~ as i! all tIlt' said sums of mont'y wt'r~ originl!'lIy stipulaterl to lx> paid on s\ll'h day, a,:!y-
thing in 8ald note or m. thIS Dlort~age to the conlrar.y not\\'Ith8t~dmg; ~nd thl'reupon or tht'rt'aftf'r,.Rt tht' optIOn
of said Mortgag('e, Without. notice or demand, S\\1t at law or m eqUity, mal' bl' prosecutec.l 1\8 If all 1I10n'."1\
lWeurt'tl ht'rohv had mat.unod prior to its institution. The Mortgagl't' may lort'cloB(' this mortgllgl', as tll ,Ill'
alllount W ,h'('lart'd dut' anrl payahlt', and the s8i,1 pr~mil't'!l "h811 ht' sold, to 8atilify and pay the Kamr. lc)gl't~\l'r
with c'osts 1')(pt'nlWS, and allowanct'B. In t'1\8(' of partial fnred08urt' of thiS mortJ1:8J1:t', tht' mortJ1:aJ1:1.,1 prt'IIII~t'''
shaU lw snid suhjeet to the continuing lil'n of this mnrtg~e fllr the amnunt. of till' ctt'ht not t~t'n dUl' R.ntlunplIlll.
In "Ill'h case the provisions. of this paragraph may agaan be availt'd of tht'rcaht'r.from tlml' to tmw hy tIll'
Mortgagt.e, -
11. No \\-aiver of any covenant. herein or of the obliJ1:ation secured hereby sh811 at any timt' thl'n-hftf'r be
held to he a wI\iver of the te~s beroof or cJ the note IIt'cured ht'reby.
12. The lit'n of t.his instrumt'nt shall rf'main in full fon'e and l'ffl'et during JUlY (lO!\t ponc'nll'nt '1r t'xtt'n~i()n
of the timl" of payml'nt of thl" inclebtetlnt'88 or any part thl.roof IIt'curetl hl'rl.by.
13. This mortgagr is Kivt'n to Il('eurf' the purch~ mont'Y, or a part tht'roof, of thf' lantls lll'n.in tit'~'riht>cl
Ilnd is l')(t't'utt'd and dl'livt'rt'{1 t'ontem,>orant'Ously With the dt't'd therefor.
14 If the MortJ1:agor dt'fault. in anv of tht' covl'nant.8 or agreeml'nts contsinro hf'rf'in, or in Mill nott', then
tht' ~~tga~e may pt'rfnrm thl' 88ml', and all I'xpt'nditurt'B. (inrludi!1g rf'8!IO~ah~l' IIt~mI'Y's fl't'B) Dlaclr hy thl"
~lortgagl'e 10 80 doinl( shall draw mtt'r('llt. at, the rate pr?vlt~Prl for an the prinCipal Inllehtt'{lnl'S.". and shall be
rt'pavahle thirty (30) days aftt'r demand, and, togpther WIth mtercst. and C08t8 accrued thereon, ahall be lJ{>('ured
by this mortgage.
15. Upon the reqUNt of the MortgaJ1:re the MorLttagor shall ex~ute and dl'~ive~ a s~lpplt'mt'ntal note .or
not('8 for tht' sum or &UDl8 advaraero by thf' Mortgage<" for the altt'rlltlOn, modl'mlzal1on, ImproVI"Illt'nt, mRm-
lttnsnce, or repair of said premi8C8, for tUN or aMetI8lIll"nhl agail18t. t.he ~me .anrl fOf any othl'r p~lrpo8t' author-
izt'd hereunder. Sllid noUl or notes "hall be secured herl'by on a panty WIth and as fully as If tIlt' 8th'ance
evidenced thert'by were included in the note tint. deecribed above. Said luppleml'ntal note or nou'8 shall hear