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~~;~; 15 PAG[508
'T ~~IC-I(CQl'HTY.rLA. . .
Mortgagor shall pay to th~ Mortgagee any amount necl"88&l'Y to make- up the- d€'fil'l€'ncy, Such payment shall
be made within thirty (30) days after written notice from the Mortgagee Btating the amount of the ~t'6cit'l\cy.
which notice may be given by mail. If at any time thl' Mortgagor shall wnd€'r to the Morlg>'e m accottl-
ancewith the provisions of the not.e lM'Cured hereby, full paymt'nt of tht' entirt' indt'btNlIU'8S I't'prl'S4'lltt'll
thereby, the Mortgagee 8baU, in computing the amount of such indt'btronellS, cl'Nlit to tht' account of tht.
M'lI'tgagur any credit balance remaining under the provisions of <a) of said p"l'tlgraph 2, If tlwr€' shalllw "
d€'fault. under &flY of t.he provisions uf this mort.g~ l'f'8uh.ing in a public salt' of th(' pl't'milWS cov('rl'd ht.reby,
or if the Mo~agf'e &('Quires the propt'ny otht'rwlBe aftt'r dt'fl\ult., tht' Mortg~ee shall apply. at t.he- time of
the commt'nct'me-nt of su('h procet'din~ or at the timt' tht' propt'rtv i8 oth€'rwt!lt' llcquir€'d, tht' amount then
rt'maining to t'rttdit of Mortgagor undl'r <a) of paragraph 2 prt'Cl'diil~ IUI 11 crt'dit on the inteft'8t accrued and
unpaid and the balance to thl" principal then remaining unpaid on said note.
f. He will pay aD lues, a. It( IIIIV!n~ water ratee. aDd other I'Overnmental or municipal charges, &nee. or
impoeitiOlUl, for which provision has not been nw!e hereinbefore, and in default. thl"reof the Mortgagee may pay the
IllUDe; and that be..nn promptly deliver the official reoelpte therefor to the Mortgagee.
6. He wiD permit. commit, or au1fer no waste, lm~eDt, or deterioration of said property or any part thereof,
except reaeonable wear and tear; and in the event of the failure of the Mortgagor to keep the buildings on said
premi8ee and thoee to be erected on llaid premiaee, or Improvements thereon, in good repair, the Mortgagee may
make IIUch repain aa in lte di8cretion it may deem ~ry for the proper preservation thereof, and the full amount
of each and ~ry .ueh payment eha11 be due and payable thirty (30) daya after demand, and sIuill be eecured oy
the lien of thii mortp&e.
6. He will pay all and singular the costa, cbaraea, and expeDlle8, including reasonable lawyer's fees, and coste
of abstracte of title, incurred or paid at any time by the Mortpgee becauae of the failure on the part of the Mortgagor
promptl). and fully to perform the agreemente and covenante of said promiasory note and this mortgage, and said
costa, cbarpe, and expelUle8 shall be immediately due and payable and shall be eecured by the lien of this mortgage.
7. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee may
from time to time require, on the improvementa now or hereafter on said premises and t>xcept when payment
for all such premiums haa theretofore been made under (a> of paragra,Ph 2 hereof\ be will pay promptly when
due any premiuDlB t.herefor. All insurance shall be carried in compames approVed 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 Mo~ee. In event of 101!1B he will give immediate notice by mail to Mortgagee,
and Mortgagee may make proof 01 foes if not made promptly by Mortgagor, and each insurance company
concerned is hereby_ aut.horUed and directed to make payment for 8uch 1088 directly to Mortgagee insUlad of
to Mortgagor and Mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied by Mort.-
gagee at ite option eit.her to the reduct.ion of the indebtedne88 hereby secured or to the restoration or repair of
the property dam~ed. In event of foreclosure of this mortgage or other transfer of title to the mortgaged
property in extingUlshment of the indebtedn6ll8 secured hereby, ail right, title, and interest of the Mortgagor
m and tc ~ny insurance policies then in force shall p&!I8 to the purchaser or grantee.
S, He will not t>xecute or file of rE'('orJ any instrument whirh imp08('8 a restriction upon tht' sale or occu-
pancy of the, property described herein on t.he basis of race, color, or creed.
9. If the prt'millt,s. or any part thereof, bt' coml€'mned under the power of €'minent domain, or acquin'll
for a public \18(', thl' damages awarded, the proct>eds for the taking of, or the consid€'ration for such acquisition,
to tht> t'xtl'nt of tht, full amount. of tlw rl'maining unpaid ind€'btl'dnl'88 secured bv this mortgagt', an' h€'rt'b\'
assiglwd to tht' Mortgagec, and shall bt~ paid forthwith to said ~Iortgagel', to bC applied on &('(',ount of tlit.
last maturing installmNlt8 of such indl'btOOnl'88. -
10, Tbe Mortgagee ma~', at anv time pending a suit. upon this mortgage, apply to the court lun-in(Z jHri~li('-
tion thereof for the appointment. 01 a rl'Celver, and 8uch court. shall forthwith appoint a rt'(,l'i\'t'r of tilt' pn'mist'S
con'red hereby all and singular, includins all and singular the income, profiUl, issues, and revenues from what-
eVl'r source derived, t>a('h and every of whlch, it bl'ing ('xprl'881y understood, is hereby mortgaged as if specificaH v
set forth and describt'd. in the granting and hlibendum claulWS h('reof. 8\1('h appointment. shaH be made hy
such court as an admitted equit.y and a matter of absolute right to said ~Iortgagee, and without rl'ferl'nce to
the adt>quacy or inadequacy of the value of the p!'Operty ~ortgaged or to the solvency or in801n'ncy of said
Mortgagor or the ~efend~ta. Such renUl, profits, m.oome, 188U88, and revenues shall be applied by such J't'cciver
accoriliDg to the hen of th18 mortgage and the practlce of such court, In the event of an)' default on the part
of the Mortgagor hereund~r, the ~Iortga~or agn>e8 to pay to the ~Iort~agl'e on demand as a J't'asonable monthlv
rent.al for the prem~ an amount at least t>quivall'nt to one-twelfth 011) of the aggregate of the tWt'lve monthl~'
installments payable 10 the then currl'nt year plus the actual amount of the annual tues, assesamt>nts, water
rates, and insurance pn>miums for su('h year not covered hy the aforesaid monthly paymcnt8.
11, In the event of &Oy bJ't'ach of this mortgage or default on the part. of the Mortgagor, or in the event
that any of said sums of money herein J't'ferred to be not promptly and fully paid &C('ording to the tenor hereof,
or in the event that each and every the stipulations, agreements, conditiOl18, and ('ovenants of said note and
this mortgage, are not duly, promptly, and fully performed or if the Mortgagor be adjudicatt>d bankrupt. or
made defendant in a bankruptcy or receivership proceedings; then in either or any such event, the said aggre-
gate sum mt'ntioned in said note then remainmg unpaid, witb interest ac~rued to that. time, and all monel'
secured herebYj shall become due and payable fortb\\itb; or thereafter, at the option of llaid Mortgagee, as
fully and comp etely &8 if all the eaid BUms of money' were originally lItipulated to be paid on such day. an~'-
thing in said note or in thia mor~ to the contn.r:y notwitluat&nding; and thereupon or tht>reafttor, at the option
of said Mortgagee, without notlce or demaud, aUlt at- law or in equity, may be prosecuted as if all mone\"8
secured bereti): Dad matured prior to ita institution. Tbe Mortgagee may foret'lose this mortgage, as to the
amount eo declared due and payable. and the said premises shall be sold to satisfy and pay the same togt'tht'r
with coatai expenses, and allowancea. In cue of partial foreclosure of this mortgage, tbe mortgaged pil'mill('s
8ball be 80 d aubject to the continuing lien of this mo~ for the amount of the debt not then due and unpaid.
In such cUe the provwona of this paragraph may agam be avaiied of thereafter from time to time by tht'
M~~. _
12. No waiVei' of any covenant herein or of the obligation eecured hereby shall at any time tbt'reaftl'r be
held to be a waiver of the terms hereof or of tbe note eecured hereby.
13. The lieD of this instrument aha1l remain in full force and effect during any postponement or t'xtension
of the time of payment of the indebt.e.dneaa or any part thereof secured hereby.
If. ThialOOl'tgage is given to secure the purchase money, or a part thereof, \)f the lands her('in dl'SCribed
and is executed and delivered contemporaneouuy with the deed therefor.
15, If the Mo~ default. in any of the covenante or agreementa contained herein, or in hid note, then
the Mortgape may perform the aame, and all expenditures (mduding reasonable at.torney's fees) maUl' by ~he
Mortpgee 10 10 doiDg.hall draw intel'ellt. .~ the nte provided for in the principal indetitednHS, and 8ball ~
rePaYable thirty (30) da,ya after demand, and, topther with int.ereet. and COIta accruAd thereon, shall be aecured
by tLia mortpp.
16. Upon the request. of the Mort.paee the MOI"lgagor mall execute and deliver & supplemental ~ote or
note. for the sum or suma advanced. bi tie Mortppe for the alteration, modemizat-ion, improvement, main-
u.nance, or repair of a&id premisea, for tAxes or u.e&amenta againH the aame and for an;,: ot.her p~ auilior-
iud het'8UDder. Said note or note. ehall be eecured herebY on & P&il with and as fuRy &I if tbe advance
eYid~ thereby were iDc1uded in &he note fim deecribed aboye, . .upplemental noi1 or J:qta aha1l bear
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