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~b~i' 17 PACE28?
3. If &.lit> total ilf the payment,. made by the. Mort.gagor,under{'a) of paragraph 2 pJ't'Cooing shall t'xcrNl tht-
amount of payments act.ually made by t,qe Mortgagee, for ground rel\t., taws and U8t'88lt1entA, aml insurallOl'
premiums, aa the cue may 00, auch e.1tC<<lil8 shall be ereditNl on &ubsequent payments to be made by tlit' Mort-
gagor for Neh it.elllll or, at Mortgagee's opt-ion, ah&ll be refunded t.o Mor4(agor. If, however, Buch mont hly
pa)"1uenta shall not. be sufficient. to pay such it~n\A when the lamt'l shall be<-ome due alld pa\'ablr. t.hen tht,
Mortgagor shall pay to tht' Mortgagee anv amount noc't't1S&ry to make up thc d..ticil'ncy. Such p8yml'n~ shan
be madtl within thirty (30) days after wriit.F.n notice from the MortKagt'e stating the amount of tilt' ~t'6clt'ncYI
which notice may be ~ven by m.w, If a' any Lime t.ho Mortgagor shan Lendt'r to the MortgBger m accord-
ance with the provialona of t.he no~ lI6CurN bforebv, full payment of tht' entirt' indt.bt.ednt'SS reprt'SC'utt-d
tbereby, the Mol1gagt'e thall, in computm, the &IIlount. of luch indebtedncStl, credit tQ the account of t.lll'
Mortgagor any eredit bpJance remaining under tbe provisions of <a> of said paragraph 2. If there shall be a
dt'fault. -under any of the I!roviaiona of thia IOOrtpp rt"tlult.ing in a public sale of thl' premillN coVE'rt'd h.l'l"t'by,
or If tht' Mortgagt'e IIl'qlIU'N ~e properLy ot.henrUe after default., the Mor~t'e shall. apply, at thl' Limp of
the comlllcnct'mNlt o( Bueh proceeding. or at. the time the pro)><<'rty is otherw188 IJ.CqUIl'~.J, tbr amount then
rt'maining to crooi~ of Mo~r under <a) of paragraph 2 prt'CN1in~ I\S Ii cl"t'dit on the lOt.t'rt'st accrued and
unpaid and the balance to t.lie- principal then remaining unpaid on aaid not.e.
. 4, He will pay aD tueI, -A-'wmw, water ra*, &Del other I'Overnmental 01' municipal cbarJea. &.oe., or
impollitlons, for .h1eh provWon 11M DOt. been made hereinbefore, and in default. tilenof the Mortpcee may ~y the
lamej and ~ be will prompt.ly deliver the official ~pta therefor to the Mo~
6. He will permit., commit, 01' Ider DO wllllte, impairmellt or deterioration 1)f said property or any pari t.hereof,
except reuonable ...... and tear; and ill the event. of the f~ure of the Mortgagor to kt.'Cp the buildinga on sa.id
premi8ee and thoee to be erected OIl ~ pmniIee, or improvementa t.OOreou, in &ood repe.ir the Mo~ may
mak~ such repairs AI in ita diecretion it may deem DeCleJl&I')' for the proper preeervation thereof, and the full amount.
of each and every auch paymeDt sbaJl be due and payable thirty (30) claya alter demand, and sba.J.l.be IeCUJ'ed by
the lien of t.hia mortpp.
6. He will pay aU and IiDp1u the ~ c1wpe, Nd apeoeea. incIudinl reuonable lawyer's feet, and eost.a
of abatracta of title, in~ cr pAid at any time by the Mort.ppe beeaU118 of the faiiure on the part of the Mortgagor
promptly aDd fully to perform the apeementa aDd covenanw of laid ~ry note and this mortgage, and said
C08ta, cbArr;fs. IIoDd expeuealball be iinmedif;.te1y due aDd payable and abaU be leCured by the lien of thiB mortgage,
7. He will oontinuouNy maintain huard insura.nce. of such type or typee and amount.! as MortgagC(\ may
from time to time require, on the improvementa DOW' or hereafter on aaid premises and el':cept. wben payment.
for all.uch pnwhupe haa theretofore been made under (a) of paragraph 2 hereof\ he will pay promptly when
due any premiums therefor, . All iDaurazaae aba11 be carried in com~ approvea by Mortgagee and the poli-
cies and renew... t.hereof &hall be held by Mof1<<agee and have attached thereto Ioea pay&blo- cfauaes in favor of
and in form acceptable to the Mortpgee. In event. of loa he will give immediate notice by mail to MortgAgee,
and Mortgagee may make proof 01 lOa if not. made prompt.ly by Mortp,gor, and each insurance companY'
ooncem~ is hereby_ authorised and directed t.o make payment. for such 10M directly to Morf<<ageoe instead of
~ Mortgagor and Mortgagee jointly, and the m.uraooe ploceeds, or any part thereof. may be applied by Mort,.
g&gee at. ita option either to the reduction of the indebtedne. hereby leCured or to ihe restoration or repair of
the property dam~ed. In event of foreclosure of t.his mortgage or other transfer of title to the mortgaged
pro~l'ty in extingU18hment of the indebtedDell8 secured hereby, ;n righ~ tit1G, and int.ereat. of the Mortgagor
In and to any insurance policiel then in force &ball p6lI& to the purchuer or grantee.
S, He will not {lx('("ut(' or file of rP<"oM any illAtrument. which impoeM a restriction uoon tbll sale or Ol'CU-
paney of the propert.y described herein on t.he buis of race, color, or creed, ~ .
9. The :Mortg&gf'e may, at. any time pending a auit. upon thiA Dlortpge, apply to t.he court hlwin~ juriStliCe
tion theroof for the appointment of . l'e<<IVer, and .ueh court shall fortbwith al,lpoint a l'eCt'i\Ol'r of thl' premilK'S
covered hereby all and 8ingular, includin~ all and cingular the income, profita, I_Ues, and revenUN from \\'h"t-
8Vl'f 80urce derived, each and uer)' of whichl it. being l'xprl'Mly un..lerstood, iaa hereby mo.tg~l &8 if 8~ificallv
set forth and d('8("ribed in the grant:!1&' and habendum claU8C8 hcN'Of. Sucb appointment. shan he made hv
, 8uch court. as an admiUoo equity and a mattt"f of abeolut.e right. to s.id ~[ortgagee, and without reference to
the adequacy or inad~q\laey of the value of the property mortgage<l or to the IOlvency or in80h'ency of said
Mortgagor or the dtfendsnt8, Such rents, J>rofita, income, iseueB, and revenuelI shall be applied by such rt"{'{'l\'er
&('cording to the lien of thiA mortgage and the practice of such court. In the event of &I1Y default on the part
of the Mortgagor hereunder, t.be ~Iortgagor ~ to pay to the ~Iortsagee on demand as a reasonahle monthlv
rental for the prem~ an amount. at least. equivalent to on~tweIrth (Xt) of the aggregate of the tweh'e monthl~'
int:.taI1mente payable III the then current year plus the aetual amount of the annual t.a.~es, &88l"8SIl1cnt8, water
1'ateA, and insuran~ premiums for such year not. covered by the aforesaid monthly parmenta.
10. In the event of my bl'f'ach of this mortgage or default on the psrt of the ~[ortgagor, or in the enot.
that any of said sums of money herein rl!ferred to be not. promptly and fully paid acrording to the tenor ht'reof,
or in tlie ev~nt. that. each and every the stipulations, agreements, conditions, and rovenants of said Dot(' and
this mortgage, are DQt. duly, promptly, and fully perfonncd or if the Mortgagor be adjudicated bankrupt. or
made defendant in a bankruptcy or receiverahip proceedinCS; then in either or any such event, the said agwe-
g~t.e sum mentioned in said now then remamiDg unpaid, with int.eh~lIt &('.ttued to t,hat timt", and all money
lleCured h4!'rebYf tbaU becouae d\M and payable forthwith, or thereafter, at the option o( Mid Mortgagee, as
fully and romp et.rly AS if all the Mid auIOII of money were ~nally atipu1.~ to be paid on such dav, an,,-
thirig in Mid noLe oi in this ~ap to the contnr:T DOtwithat4n~; ana thereupon or thereafter, at. the option
of Aid Mortgagee, without. nouce or demand, 1lWt. at law 01' in equity, may be prosecuted &A if all monen
leCured hereby bad matured prior &0 ita instit.ution. The Mortgagee IDAY 10red08e this mortgage, &8 to the
amount. &to dl'Clared due and payable, and the Mid premisee shallbi BOld to ..tialy and pay the same together
with costa 8XJ>eMH, and alloW'&IlON. In tue of partial foreeloture of this mOf~, the mortK~ premises
aball be ;Jd lubject. to the eontinuinc lien of ~. mo~ for the amount. of the debt not then dul' and unpllid,
In such eaae &be proy__ of ~ ~ may apan .. ayailed of tbeJ'e&ft.er from tirq.e to time by the
Mor&ppe,
11. No waiver of &DY covenant herein 01' of the obliptioll ~ hereby shan at any time therealter b6
held to be a waiv.. of tb8 t.enna hereof 01' 01 the Dote 5I!eured hereby,
12. The lien of i.hia instrument shall remain in full force &I'd effect during any postponement or t'xtell8ion
of the time of payment. of the indebWdDeaa or any part thereof 8eCured hereby, ,
la, This mo:1g&ge is given to at'JCure the purclwJe money, or a part thereof, of th(llan~ henin de5('ri~
f..Dd .. e.ucuud ADa delivered cont.emporanenUely with t.he deed therefor, '
14, If the Mortgagor defaul\ in lilY of the OOl"tlnants or agreementa contained herein, or in said note, then
tM MOI'tgape may perfOtul the HDl8, UlId all expendit.~vJinduding I'M8Onable attorney's fcea) made by the
Matppe lD 10 doing ehaiI draW' in~\ at the rate p . cd for in the principal indeb~efI8, and 8b&1l be
~payt.b1e thiny (80) clays after' ~..-I, and, \optAer with iotenll\ aDd coeu accrued t.hereoa, Ihall be aecured
by t.hia mortgage. .
16, Upon the JeqUMt of the Mort<<~ ~ Mortgagor ahall execute and deli Vel' . supplement.&! BOW or
DOteI for the sum or aumtt awlTe.ncOO by the Mortgagee Cor the alteration, modernization, improvement, main-
'.u;ltlC&, or ~ of aid preIIliIe&, for iuE4t or ~ta against the twnfl and for allY other parpaae author-
iMId~. Said DOte or DO.....un be IIeCW'8d beNbl on. parit.y .nth r.nd .. fully .. if !.he ....vance
e~ thc.lnby were iIlcluded ill the note fint dNCZibed aboveo Said .upplemental note or notes.ball lieu
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