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n.~: 59 ~17
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Mortgagor chall pay to the Mortgag'Je any amount J1er~y to mAkll up the deficil'!lcy, Such payment shall
be made within thi"ty (30) dl\Ys aft.cr wriUen notice from the Mortgagee stating the amount of the dl'ficif'ncy.
which notice may ~ ~iven by mail. If p~ any time the Mortgagor shall tender to tht' Mortgagee in accord-
ance with the proviaw>ns of the note BeCured hereby, full payment of the entire indt'bte<lnl'ss I'('prt'sl'ntPd
thereby, the Mortgagee ahall, in computing tho amount of such indebtednese. crt'dit to tile account of tt\('
Mortgagor any crooit ballUlce remaining under the provisions of (a) of said paragraph 2. If there shull be 1\
default under any of the provisions of this mortg~ resulting in a public s.ue of tht' prt'mi!l('S covt'r('({ h{'fl'by,
or 11 the Mortgag~ acquir{'$ the property otherw186 after default, the Mortg~oo' shall apply, at the time of
the commenctment of such proceedin~ or at the time thp pro}><'rty is othf'TWIge acquirf'd, t hI' amount thPII
I'f'maining to ~I't"dit of Mortgagor under (a) of paragraph 2 prf'cl'ding as u credit on the intNt'st uccrued and
unpaid an4 the balance to the principal then remaining unpaid on said noteo
4. He will IM'Y all taxes, ....-menta, w:,ter rates, and other KOwrnment&l or munici~ chargt'8, finee, or
impositions. for which provision hAs not been made hereinbefore, and in default thereof the Mortgagee may pay the
same; and that he will promptly deliver the official receipta therefor to the Mortgagee.
6. He will permit, commit, or BUft'er no waste, impairment, or deterioration of said property or any pArt thereof
except reuonable wear and tear; and in the event of t.lje failure of the Mortgagor to keep the buildings on said
premises and thoea to be erected on Mid pre~, or improvementa thereon, in good repair, the Mortgagee may
make such rep&ira M in its di8cretion it may deem neceesary for the proper pre8ervation thereof, and the full amount
of ea(':t and every such payment shall be due and payable thirty (30) days after demand, and 8hal~ 00 secured by
the lien of thiA mo~.
6. He will pay all and eingul&r the OO8l.8, chargee, and expeUU'.S, including reasonable lawyer's fees. and costs
of ..betr&cta <:If title, ineurred or paid ..t any time by tbe Mortgagee beeaU8e of the failure on the part of the Mortgagor
promptly and fully to perform the ~~nts and covenant8 of lI8id promisaory note and this mortgage, and said
ooetB, charges.. and expenses shall be immediately due and IX'yable and Rhall be secul'('d by the lien of this mortgage,
7. He win eontiuuously maintain haurd iMuranoe, of 8uch t:, pEl or types and amounts as ~tortgag('(' may
from time to time require, on the improvemenu now or hereafter on 8&id premises~ and except when payment
for all8uch p~miuOl8 haa thereto!ore been made under .(a) ,of pa~ph 2 hereof, be will pay promptlv when
due any prenuums therefor. AlllD8ura.noe shall be earned 10 compames approved by Mortgagee and the poli-
cies and renewala thereof shall be held by Mortgagee and have attached thereto loss paYkble clauses in favor of
and in form acceptable to the Mortgagee. In event of 1088 he will give immediate notice by mail to Mortgagee
and Mortg.agee may make ,Proof of f?SS if not. made promptly by Mortgagoz:, and each insurance company
ooncemed 19 hereby authoriZed and directed to make payment. for such 10'l8 du-ectly to Mortgagee instcad of
to Mortg~r ~d M.ortglLgoo jointly, a!ld the ins~ce proceeds, or Gony part thereof, may be a~plied by ~tor~
gagee at ~tB optIOn either to the reduchon of the mdebtedne88 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 extingUishment of the indebtedness secured hereby, all right, title. and interest of the ~tortgagor
In and to any insurance policies then in force 8hall pa.ss to the purchaser or grantee.
8. Hr will not exrcutr or filr of rrcord any instrument whirh imposl's a rpstril,t:..;.. IIpOIl tilt' SlIlt' or 0('('11'
pancy of the property dps('ribed hrn'in on the basis of race, color, or crN'I!.
n. If tll(' pn'misl's. or UllY part ther('of, be (,OII(Il'lIlned limit':, the pownf of Nllim'nt dOllluin, or llcquif('d
fOl II publie USl', till' dlllllllgl'S I1wurdl'd, till' pn)('l'rds for thl' tllkillg of, or till' considrrtlliuu fu" ';Hl'h ul'qui,;j-
tion, to thl' l'xtl'lIt of thl' full UlllOUllt of tht' fl'lllllillillg- IInpuid illdl'btl'dlll'S," ';I'('llrpd by this IlInrt~llgl" Uf'('
hl'rdlY ll';S!glll'd to thl' ~lorlgug('l'. ami his Il('irs or assiglls, lllld sl:all bl' pllid forthwith to ,;uid ~lortgugl'"
or his llssiglll'l' to hl' upplil'd 011 1\('('OUllt of the Illst mllturing in8tllllnll'nt<l of SlIl'h indPllllll'''''; pro\'idl'd, how.
P\'l'r, thl' ~lortgllg('l' or his IIs"iglll'l', IIlIlY at his dislTl'tioll pny dirrl'l to thl' ~tortgllgor, his IIl.irs or ussigns
Ilny part or llll of sUth awurd; providl'd, thut if thl' loall is guaruntcl'd or illsun'd. thl' l'OIlS"lIt of till' gllllrllll'
tor or insurer is ohtainl'd in I\dVIloIH'1' of said payml'nt.
10, The ~lortgagt'(' may, lit anv time pending II. suit upon this rnort~l\gl', appl," to thl' .'omt having jllri,;dic'-
lion thereof for the appointment of a rf'{'.('lver, and such court shall forthwith appoints rl'('l'iwr of tIll' pft'lIli"l's
coven'd hen'by, all and singular, indudin~ all. and. singular the income, pro~ts, iB.'lues, and rt'vpnlll'S from ~\'III\I-
evpr source derived, e!il'h and every of which, It belDg l'xprcssly lIlH.ll'rstood, IS ht'reby mort~l\!wd ....., II Spt,t'llIndlv
St't forth ami drseribed in the granting and habenllulIl clauses hereof. SUl'h appomlmt'nt shl\lI Ill' mlldl' bv
such court l\.'l Rn lu!millrd equity and a matter of absolutt, right to sRid ~lortgl\gl'r, alld without rden'IIl'l' t~,
thl' adequacy or inadeqllllcy of thr valllr of thr propt'fty mortgagrd or to thl' ~lvl'ncy or iIlSolwlH'.\' of SlIid
~tortgagor or till' defendl\nts. Suph fl'nts, profits, income. issul's, and revenues shall be applil'd by Slwh ft'l'l'i\,'r
aC'C'ording to the lil'n of this lllortgagl' and thl' practice of sueh C'mlrl. In thl' l'Vl'nt of IIIlY ddllult Oil thl' pl\rt
of the ~lortgllgor hl'f('undcr, tIlt' ~,l(lrtgl\gor l\grl'rs to pay tn tlw ~tortgag-l'r on di'IIll\lll! B.'i II rl'IIS01lIlbll' rnollthh'
rental for tlH' prt'miSt,~ an amount Rtll'l\St equivRlt>nt to onl'-twl'lfth ('I!) of thl' sgg-rl'glltl' of thl' tWl'h'I' Illollthh.
installments payahlt, in thl' tllPn curn'nt yrar plus the aclual amollnt of the alHl II III tll:(('';, Ss..'W,,-'iIlIl'lIts, Wlltt'f
rates, and insllrance premiums for such )'t'ar not covert'd by thl' afort'sRid monthly pllyml'nts.
II, In th., l'\'Pnt of any breal'h of this 1TI0rt~age or dl'falllt on thl' pMt of thl' ~Iortgl\glll:, or in till' I'wnt
that any of Sl\id SUIllS of money hprt'in referred to be not promptly IInd flllly pl\id ac('ording- to thl' tCllor h,'r('of.
or in the rVl'nt that t'ach and (,Vl'ry tIll' stipulations, ~rrement8, cnn.litions, hnd C'OVl'nHnts of SKid 1I0tl' IIl1d
this Illortgsgt', arr not dul~', promptly, and fully pt'rfonned or if ttw ~lortgRgor bt' adjudil'atl'd bllllkrllpt PI'
madr dl'fl'ndllll t in a bankruptcy or rpcl'ivrrship procl'rdings; tht'n in l'ithrr or Rny sUl'h evrn t, t hl' sRid 1Ig'~~TI'-
gate sum m~ntionrd in sRid note then remainmg unp~id, with inter('St acrn~t'd !o .th!\t tim~, Rn'; 1111 IIltllll'Y
securrd hen'oy, shall bf'comr due and payable forth\\'Ith, or thrreaftN, Rt me optum of Sfll<! ~lort~lIgl'(', liS
flllly and complrtely as if all the said sums of monry wpre originally stipulall'd to bl' pllid Oil stch cI II.", UIi,'"
thing in said note or in this reort-Kage to the ~ontrar~' notwithstanding; !lnd thrrt'upon or t hl'n'l\ft.'r, II t tl\l' opt inn
of said ~lortK!ig-I't', without notice or drmll.nd, suit at IRw or in eqllity, mR\' be prnsl'('lItNi "" if Ill! 11I"III'\'S
!l('cured hal'by had matllrl'd prior to its institution. Thl' ~lortgRgl't' IIlSY (oft.c1osl' this morlgllgt', tiS tl' till'
il.lJ1otmt so dl'dfirt'd dill' anll paYRblr, and tl\p sRid premisl's shflll br sold to slltisfy and PRY till' Stllll" tng"l,thl'l
with costs, rx!wnses, and allowanc{'s. In Cl\.'!1' of partial foredos\lrr of this lJ1ort~Rl!:I'. thl' 1Il0rlgt!gt'd (In'lllisl's
ghllll be sold subject 1<. the continuing lien of this lJ1()rtga~1' for the amount of thl' dl'ht not thPII dill' IIl1cl Illlp:licl
In st!ch eMe the provisions of this plU'agraph may agam be 8\'ailrd of tl\l'reaftl'r frolll till\(' to tillll' by th.,
Mortgagt'e.
12, No waiver of anv covenant herein or of the obligaticn s('eurrd hl'rrh\' shall lit fill \' ! i III I' I hl'n't! fll'r hI'
held to be a waivrr of the terms hert'Of or of thl' notl' 8I'cllrl'd hl'rrhy. - ,
13. The lil'n of this instrllrIwnt shall rl'lTI'ain in filII foree andl'fTt'ct dllrillg allY po,tPOllt'IIII'1I1 or ,.,t.-!lsjoli
of the time of payment of the indebtetlnl'88 0;- any part thrrrof secur('(! hl'rehy.
14, This mortgage is given to s('cure the purchl\Se money, or fI part thert'of, of thl' lands Ill'n'ill d,',;c-rihl'cl
and is rxecutt'd and delivered contemporaneously with the de.,d therrfor.
15. If the Mortgagor default in any of thr covrnants or agrr('mrnts containl'd hrrl'in, nr in sRid notl', thl'n
the Mortga~rr may }><'rform thf' same, an:lall rxprnrliturrs (incllldinf(" rl'a~onRhll' Rllornl'Y's fl">s) Illudt' hy tIlt'
~tortgagre In 80 doing shall draw interf'st at thf' rate pro\'idl'd for in tIll' principal indl'btt'clnt'~s, ullcI shall ht'
repavllhle thirty (30) days aftrr dl'lTland, anti, togethrr ",;th intt'rl'stRnd eosls a(,l'rul'cl tht'ft'on, ;lhllll Lt' ~('(,lIfl'd
by this mortgage.
Hi. Upon the requrst Jf the Mortgagee thn Mort~agor shall exr{,lItl' IInd dl,liHr a slIppll'lllt'ntRI notl' nr
not~ for the sum or slims advRncrd by the ~fortgagei' for thl' alte:-ation, modrrnizf\tion, imprm't'IlH'lIt, Il1l1in.
tenance. or repair of said premist's, for taxI'S or l\8..'l(>SSlllrnts agRinst the same l\ni! for any otlll'r (lmpOSt' IItl!Il(lf.
ired hrrt'lInder, Said note or notl's shall be s{>curN! hrrt'by on a parity with Rnll tlS fully 11" if thl' ud,ouncl'
evidenced thereby were included in the note fiNt de<lcribed aoove, Said supplt'lllt'lItl\l nott' or lIolt's shull ht'Rr