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9. Ii the- ~Iort~a~or I)dauhs in any of the covenants or aireements contained herein or in said note, then the
~lnrtl.~i:I'r lJIar periorm the same. amI all such expenditures made by the Mortga~. including a reasonable attorney's
frl'. in so lloing shall draw interest at the rale of eight per ttntum per annum and shall be repayable immediately
and wilhout drmand, and all such expenditures shall be SKured by the lien of this mortga~,
10. That no waivrr of any CO\'tnanl htrein or of the obligation secured hereby shall at anr time tbereafter be
hrltl to be a wai\'Cf of the tams hereof or of the note secured hereby.
11. That th::- mailing of a written notice or demand addressed to the owner of tecord of the mort~..ged premi~s, or
dirt'Cted to tht uid owner at the last address actually furnished to the Mortgag~, or directed to sa;,: owner at said
mortga~cd premisrs, and mailed by the United States mails, shall be sufficient notice and demand in an)' casr arising
undtr this inqlument and required by the provisions htrtof or by In...
I:?, That'in onltr more flllly to prot~t tht security of this mortgagt. the ~Iortgalltor, togethtr with and in addi,
tion to lhe- lIIunlhl~' pa~'nlt'IIlS 1I1l11er lhr ltrms of thr note s<<ured htrtby. on the first I)a)' of tach month and until sail) note
i, 1..lh Ilaid. shall par to tht ~Inrtlltag~, an installment of the taxes and assrs.sments nut to beeOIll(' dlle against the mort.
J:a~f'd rrrmisrs, and an in'lalllllrnl of premiums nrxt to brcomr Jilt on insuralKr policies rrquirtd b,' tht :\Iortgag~.
SIll'h installmtnts shall be rqllal r(";ptCtivrl)' 10 sueh taxts and as.~Sllltnts anI) insuranet prtmiums. all as tstimaltd by
thr ~ lortl~a~~. Its.s all sums alrtady paid ,htrton. divilkd b\' thr number of months that art to elapsr befort onr month
rrinr 10 lhr ,late whrn slll,h laxts and a"-ws.slllrnts and insuranl't p~I'mium5 will bN-onlf' dut, Said installlllrnts shall be htld
b\ tht ~Iort~a~rr. without intrrtst, 10 pay such taxts and assrs.smtnts anll insural1l'r prrllliums, Allr3)lJIrnts mallr llIule-r
thr trrms of this para~raph and undtr the notr srnurll htrrby shall be' added tOl!:rthrr and thr al!:~rr~ate- amount thrr('Of
shall br paid b~' thr ~IOrll!:a~or in a sin~lr pa~'mrnt ral,h Illonlh to be applitll by thr ~Iorl~ail:~ ill pa)nlt'nt of thr itrm.s
an.1 in Ihr onl('f following:
(a) Taxts an.1 as."t'S.smrnts. ani) insurancr prtmiums;
. (b) I nlt'rtsl on'lhr noir 5n'lIrrll herrb~'; and
(c) Amortization of thr principal of said note,
AII\' I)rtil'irnq' in thr amount of such aJ:;grrgate- monthly pa)'nlt'nt shall constitute a ddault undrr this mortgagt'. \Vhe-n
slll,h laXts. assrs.smt'nts ami insurancr prt'mium.s fall dut. if tht amounls deposited by tht ~Iort~agor for such purposrs are
nol "I!lil'it'nl 10 pa\' said laxes. aSSl"S.slllrnls and insurancr rlrmiums. as the l'aSr mar bt-, then Ilue, thr ~Iorl~agor will pay
In lhl' \Inrl~ag,'(' SIKh ,Irticirlll'yimmrlliatrlv, \Vhrn sllch taxts, a.ssrs.snlt'nts al\(l insurancl' prrmiums fall due. if the
amclI1I11, .lrrusilt'.1 b\' lh.. \lorl~aKor for such purposes ('xI'.'('11 thl' amounls dur for such taxts, assrssme-nts and insurance
prt'milll1ls, tht' 1'Xl"I'SS lIlay, ill thr .Iisl'rrtion of the ~Iortl!:ag<<,. be "rplirll on subst'quent f1lonthly pa)'ments to be made by
lhl' \lnrlJ:;agnr. III lhr r\'rlll of lIe-fault undrr this mortga~e allY unrxpended funds in thr hands of the ~Iorl~ag~ Ilrposited
b\. Iht' \Inrlgagnr tn I1lI'rl thr obligaliolls of taxts, assrs.~m..nts allll insllrancr prc'l1lium.s shall be applie-d bv thr ~Iortgagl'('
UpOIl lhr in.h'bte.lnl'S' hrrrby sr\:tlrr.l. ill thr following ordtl: (a), IlItrrtst on advances madt br thr 'Iortgag~; (b). A,l.
\'31\('1" lIl.hlt- b~' the 'lorIKa~re; (I'), I ntl'rtst on thr rrincipal; and (.1) thr principal Irrbt hrrrby S<<lIrr,1. \Vhl'n an~' sUl'h
laXt'S. as\t'''l1ll'nts or inslI.rancr prrmiull\.s fall dur tht' ~'lorlJ:;a~or will promptly obtaill and drli\'('f to thr ~Iortgal!:t'r statr,
f1lrllls wilh n'Sp~:t thrreto,
U. This mortl!agr shall also st'l'lIfr additional loans h"lt'aher madr bv the thrn hol,lrr of the note s<<ured htrrbv to
the- lht'n owner of thr rral tstalr "('SCribed hrrrin, prm'idrd that no such additional loan shall be madl' if the making th~rr'
of wOIII.1 nuS(' thr total principal in"rbtl'dnrss securrd hplrbv to ('Xc~d the amount of the original principal in.lebtrd,
11t~, statr.1 hrrein, Each such addilional loan shall be nidrncrd by a 110t~ or other evidl'nce of indtbtrdnrss identifying
slll'h additional loan as part of the indrblrdnrs.s securrd hrlt'b)'. and shall malurl' not later than the then maturity date
of thr original indebtrllnrs.s s('Cllred hrreby. No'hing hrrein conlained shall imply any obligation on the part of any
holdrr of said note to make any such additional loan,
14. Mortgagor hereby assigns to Mortgagee any and all awards or damages, actual
and consequential, tor the taking ot ~ portion or all ot the mortgaged premises,
by the exercise ot the right ot eminent domain or condemnation, including, but not
limited to, damages or awards for ohanges to the grades of streets, or acquiring
ti tie to streets. The proceeds ot such awards or damages, when received by Mortgagee,
shall be applied in reduction of the aortgage indebtedness.
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'FILEr l\~m RECOPtQEO
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