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~oo~ ~ 25 P~ 562 _ -
Mortgagor shall to the Mortgagee sq~~amouat neoeesar~y to make up the defideney. Such psymentshall
be made within thirty (30) days after wntten notice hom the M r~age~ ststlag the amount of L ~e deficiency,
which notice may be ~lv~.a by mail. Ii at time the Mottga8ora~1 tender to the Mortgagee is accord-
ance with the~ pprroovisions of the note ~eeured hereby. lull payment of the entire indebtedness represented
thereby, the M shall, in computing the amount of such indebtedness; credit to the aeoount ot- the
Moorirtgg any aredtt balance reanaiaiag undee the pe~m-isions of (a) of said para~sph 4. It there shall be a
deft-uIt~der any of the ~mvisans d thin mortgage resulting is a public sale of the premise covered hereby
or if the Mortgagee acquues the property othearwise titer detault, the Mortgagee shall ap , at the time o~
the commencement of such proceedings or at the time the property b otherw»e aoq~ired, the amount then
unpaid~ana thebalaontibMto tFi pe~rincipal theaoreml-in'tc~~nnpaid~on wd note~it on the interest aoorued and
4. Hs will pay all taxes, assessments, wales [ales, nail othee W ae municipal oha:'tb. SoeM- os
lmpodtions, for which provbion has ~t been made haeeinbeton, tad default thereat the Matiagee mqr P~4Y ~
same; and that be wW psomptl3r deliver tbs ot6dal reeeipts therefor to tbs Mortiagea~ "
6. He will permit, eommit, ar suffer no wsysts, bnpairmsat, a dstatiagation of said peopeety a thereof
eu~oept reasonabb wear sad tear and is the event of the ~iaaiillure of the M In good ~~t>~1 Edon ~
premises and those to be enote~ oa said premises, a innpeovameate tbes~eon, m
make.ueh repair as in its discretion it ma3- deem neeessary for the R'~'~ ~e1'e0~ a~hall~bets~eeur~ed~t
~ etch and everp such pi~yment shall bs dw and p~yabk thltt~pdays after demand, _ by
the lien of this mort~e; ,
s. He will psgr all tad siagulat the costs, oh~e~s~ tad ea~peoses, inoludi~ng reasonable 1aw3-ae's tees and costs -
of abstracts of tide, lneurred or paW at nay time by t~t~s Moet~es bsawse of the failure on the part of the Mortgs8oe
P~PwY and ~ PW~ '~ tpeements and ooveaants of said pe~oantesoty note tad this moryipge gnd said
costs, ebarges, eacpeoses shall bs immediatebr due tad pRyabls tad shill be secured by the lka of hiia~ mortgage.
7. He wi'Q oontinuotnb ntalntsin ha:ard.inrnrance, of snob type oe types and amoanb as Mortgagee may
from time to tia-d require, on th+e improvements now or hec+eattee on Laid premises tad except when payment
for all such ems his thes~etotore been made ender ~(a of p Lerwi ~rs will y promptl when
due any premier u~ma therefor. All ir#vuranos ihall be carried in o~ apPmve~ 67 M and the poli-
cies and renewals tbereoi shill iw hpld b~ Mortgages sad have attached thereto bas payab~uses in favor of
and in form aooeptable to the M~tgt~ee. Ia event at bas >a. will give immediate notice by mail b Mortgages,
and M ~gages may maloe penoio o~ jom ii eat made promptly by Itlortgagorr tad each insurance company
oonceraedo~ is-' -harsh authorised and dinaW to make pyment.ior such ba dint to M instead os
to Mortgagor and ~ortgeg~ee jointly, and the insurance proceeds, m' aRY P~ tberesf may bs apFtied by I-iortr
gages at its option dther to tbs rsduation of the indebtedness herby second or to t~e restorthon or repair of
the prop~tj damaged. In event of foreclosure of this mor~~e, or other transfer of title to the mortgaged
property is atangu~shment of the indebtedness secured hereby; all right, title, and interest of the Mortgagor
3n and to shy insurance policies then is force sha11 piss to the panhtser oe grantee.
8. He will not execute or file of record any instrument which imposes a restriction upon the eats or occu-
pancy of the property described herein oa the basis of vacs, Dolor, or creed.
9. It the premises, or any part thereof, be condemned under the power o: eminent domain or acquired
for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such a~ogiiisition,
to the extent of the full amount of the remaining unpaid indebtedness seamed by this mortgage, are hereby
assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be applied on account of the
last maturing metallments of such indebtedness.
10. The Mortgagee may, at an time pending s suit upon this , ~sppl~ to the court having jurisdie-
tion thereof for the appointment of a receiver, and such court shall fo sn appoint a receiver of the premises
covered hereby tU and singular, includiti~ all and singular the income, profits, issues, and revenues from what-
ever actives denved .etch and every of which it be'~unigg expressly nadentood is hereby mortgaged as if specifically
set forth and described in the granting an~ hsbenndum clauses hereof. ~3tich appointment. shag be made by
such court v as admitted equity tad s matter of absolute right to saw Mortgagee, af-d rtiithout reference to
the adequacy or inadequacy of the vales of the property mortgaged or to the solveaey or insolvency of said
Mo ttpp r or the defea frets. Such ~ent,s, profits, income, issues, tad nrenuea shall be applied by such receiver
aeeo~r~M to the lien of thin mortgage ud the pnetice of such court. In tLe er~t of any default on the part
of the Mortgagor hereunder, the 11~oM~gagor agrees to pay tb the M oa demand a areasoaable montl~Iv
rental for the premises an amount"at least egtuvaleat to one-twelfth ~) of the agate of the twelve monthly
inserts payable in the then currnnt year pins the tetwil amount at the annual taxes, assessments, water
rates, and insurance premiums for such year not soused by the atonsaid monthly paym~ts.
11. In the event of any breach of this mortgage or default oa tbs part of.the Mortgagor, or in the event
that nay of said wins of money herein reserved to bs eat promptly astd fully peed aooording to tbs tenor hereof
or is the event tbtt each and every the etapulatio>m, agreements oonditioas, tad covenants os said note an~
this mortgage,, are not duly, Promptly. and fully performed or >~ the Mortgagor be adjudicated bankrupt or
made defendant in a baakniptey or reodv prooeedittgs• then is either ar any eueh event, the said aggre-
gate sum mentioned in said note then rraia~ unpe;id; .r~th interest liocrued to that time tisdra~llagmeeonry
secured hereby shall life all the slid ss~ w~ .~nagy~~' at theme ~ p°t on ~h day, an
fully tad compie413; or tl miter, at the option
thing in said note or m this " to the contrar~r aotwitL~tai~Ogt ~~d t~6~euPaa
of said hM~n y~~eec witlaut ao or deossad, swi at,~k~:oar i~`eq~utty, lan -.bti Pe~osecuted as it all uioasya
secured / had matured prior to its isiatitntion. ~e ht may-"this mortgage. as to the
amount so deeltred due and payable, sf-d the said pe+anisss shallioW to satiss~ tad pig the aims toget~ier
with coats eaipetises; apd allowaeieee. Lt oasros,ptrtial foreciowre of ibis ~,~tohte premises
shall be ~ojd subj fQ.ths oowtis-ning liew M thin a~fpp' be a~idiedot~ from W~ns~ two t~uae b the
M such tae ths~ of ,this para¢sPh ~~7 ~!
i Z. No waives oZ s~ oovets~at bereirt ~ oil ,i~1e .4b11 secured hereby aba11 st say bate thei+ei~it~ be
held to bs • waiver of tbs teems hereof oe ct the note sectitbd hereby.. t ... . ;
~ la. Tlie`~ien o~ tbit-` t tbaU ie-,~;u>1~ poet a#Fl>~+menL ~ ex
at the time oI payment ~btedaess er any paet~l~iereoR ssaursd~•" . ,
14. 1'hb I. pvea to senors ills purehssa money, ee a .p~irt i of :e~ Lerei~ tSelccib4d
aced is e~xeeuted~~wesred aonkmP?rnowta~r wttb.t~° deed lhsr~Loir: , . . _
l b. If the >1~aor dehynlt in s~T of t~ ! " ar ~ eanisin~ , or is s~id~ shits
Mort~~ee nuiy perform the },at»e, arfd aN e~~pt~~~ reasiapabaa a . _ y's tees).. ~t
irtat®ee nt eo doh shs<lt dttt-*. iat~eestir ~t~. rate. peg. ,!ed _t~e _~ " .L:r.~. >~u~...,..,.: _
-J v t)`gpw:-rZ'. s.=a -1: >'~,~ ic. i c~;~+s, .._.a._y_ir ....-. ta•.f"> ?:+'"S s :~"" t.7 .. F,- ~ ,`.- .~.. ; t -
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1 . IJpou the request oil"tb's the ~+Iottga4or rhalt exe~te si~ deiivee a snpploYO~ental note or
ao#es ~ tie stue~ a id~anced~~ t~Idatt~+~ Iet the ,. mo~~°`pat34rs. i"tpe~gv~neat, ma'u
teoateoe, ae to takes cs ~tZear ~
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