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~ S. Thu in tLs sveut ot a suit beins ia~aeuccd ~ foreclae eW~ mor~a~e, t6e ~n~ ~hall be eadded to applP at ad,ly dms dud~
~ue6-toreclaure suit oo th~ oourt 6avio jurt~diction ebaeof to~ e6e ~ppoinuocnt of a ~er of ail aad ~ia~ulu ths aartgs~cd propec~7. a
of all rena. inooma. profib, is~wa a~ rsrenua thercot, from whanoe~e~ wura deri~cd; and thereupoa It i~ 6ueby e:pcasly eoreaanted
aad ~gceed that tbe oourt shail fort~~its appoiat ~uch ncctrer with the ususi porrees aad duda of receivus io Iite c~a; aad ~aid ap-
poiatmeac shall be msde by the couec aa a mattcr of uria ritht ca the Mortgay~ee, and ait6out ~efe~ena to t6e adequaty or taadcquacy ot c6e 't. •
~alue of the pcoperty 6e~eby~~, or ~u the wlrency or ia~olveaep of tbe Monga~or or aqr oche~ Party defeodaat co sueh wit. Tb~
Mon~a~or Lerebr speci~ulir wd~a t6e right to object to t6e sppoinvneat of a meive~ a aforsuid and 6ereby e:Preuly consena cb•e sucL
appointmeat shsll be made u u? admitted cquiq sad aa a maae~ oE absolute d~6t to che Mortgagee aad that the same m~y be done «ithou~
nodu to tl?e Mo~t~a~or. .
6. That if aay proteediags s6ould be iastituted against tDe pmpertr oove~ed by t6is mo~t~age upon an~r ot6e~ lien o~ ctaim w6ethec
~uperioc or juaior eo the liea ot t6is mortga8e~ the Mort~agee may ac its opcioo iramediatetr upon iauituaon of sucb •uie or dudng t6e peod- :
enep thercof dalare chia mongage aad the iadcbtednas acured bercb~ due and paysble forch~si~h and may st ia op6oa proceed co forecWae
cW~ moa~aga +
To pay sll and siuRula~ tLe oo~ fces, ehar~a and e:pema of everp l~iad~ iacluding the cat of an abstract of title to aaid laod~ ^
fouad to be oon~enicnt or eupedieat In rnancchao wuII aar suit for t6e fonclosu~e of t6Is tnortga~e, aud aiso iacludia~ v~het6er t6e Mo~tgagee
is obliQated to pa~r ume or not. reasonable attorney~ fea incurred or e:pended at any time by t6e Mortg~ga becaux of d~t failure of the
Moct~agor tope rform, canply Ntth aad abide b~ all or aay of the co~eaana, eonditioo~ and stipulacioas of ~sid pmmis~ory aotq or this
mortgase, in the forcclosure of t6is mortgage and lll OOIIttt10$ tllt 1Ia0UOt seeured hereby witb o~ witbout legal proeecdio~s. wd to reim-
bune the Mortgagce for erery payment made or incurred kr aof sucb ~urpose witb interat fran date of e~er~r swh papment at the n•te ot ;
eight per eent (E96) per anawa; suc6 pa~nneaa aad obli~doo~, ~ith ~nce~est t6eraou as aforaaid. s6a11 be iecured b~ tbs lien bereof.
t. To kap tbe building or bwldia~ oow or 6ereaBer o~ ~aid land inwred aeaiou loss or damage by fire, e:tended oovenge and
ot6er peril~, iacluding ~ru rislc imuraace if a~ailablq in a aum not las t6aa t6eir full Insunble value at t6e cost and e:pense ot t6e Mort- ,
gagor ia a compao7r or aompaaies appm~ed br tbe Mortgagee, t6~ poGcy or policia to be 6dd by the Mortgagee, aad such policr or policia of ~ ~
imuraace shsll ha~e affi:ed thereto a Standard Ne~r Yort MortgaBee ClausG rnakiag ail loss or loases uader such policy or polida payable to ;
the Mortgagee u ib inte~est mar appear~ aad to deliver uid policp or policia to the Moctgaga whea issued with the nrapq for the par-
~ meat of t6e premium therefor; and in the evcat aar aum of moaeY bccoma parable uade~ such policy or poGda. the Mortgaga s6a11 have ~
the option to retei~e and apply t6e same on aaount of t6e indebtednas ~:eured 6erebp or to permit the Mortgago~ co raeice and use it~ or anr
part thereof. for ot6er purpoaa, witbut thereby waiving or impairing aay equitt. Uen or right oader or by virtue of t6is mortgase• and
t6e Mort~Bce if it deems naessary may plsce aad pay for such ~munnt~ or any pa~t thertof, wit6out loein~ vraiving or affariag ~Nort-
gaQce's option to forcelose tor brcach of this aovwany or any part t6erwf, or any right or option under this morcga8e, and every suc6 par-
mmt s6a11 beu interat fraa date thereof unti! paid at t6e ntc of cig6t per tent (i96) per anaum. and all ~ut6 paymenb wit6 intereu as
aforesaid shall be secured Dy t6e lieo 6ereof. Ia tbe e~mt any lon or damage is suffered Mortgagor s6all notify Mongagee of s~ch bss or .i =
damagc within forty-eight (4!) laurs after tLe 6appening thereof; tbe failure to give such iadce s6a11 rnnstitute a default wd the Mortga- ~:s
~ gee shall hare the righes 6erein girea for all defaulb.
9. To pecmiy caumic or wffer no wa~te and to maintaia t6e improvanents at all tima in a state of good repair and coodidon; and
~o do or permit to be done to said p~emises ootLing tbu will alter or chan~e the ~e aad ehuaaer of uid prope~ty or in .or ~~r ~~P~~ o~ •
ncaken t6e sccuritp of uid~ mortga8e. In esse of t6e rcfusal. aegleet or ioabiUcp of c6e Mortgago~ w apair and maiatain eaid propeny. the
Mortgagee mar. at its optioo. make sue6 repain or cawe the ume to be made and ad~ance monia in tLu bebalf w6ich swns sLall be accured
br the lien Aereof and bear interat u t6e rate of dght per oent (!96) ptr aanum.
10. To deli~er the abstcect or abstnces of dtle eo~ering t6e mort~aged property w Mortgagee or ia daignated ageat~ ~o6ich sball at :
ail tima, during the life of thi~ mortQa~e. temain in the posxssion of t6e Mongagee aod ia eveac of c6e foreebsure of c6is mortgage or other ~
tnnsfer of title, all rig6t~ title and Iaterat of t6e Mortgagor io and co any sucb abstrset or abstracts of title s6a11 pua to ehe parehaser or
~u?tea
11. T6at no wti~er of ml oo~waat Serein or in the obli~aaon secured 6ereb~ shall at asy tims 6ereafcer be 6eld to be a aaiver of
ter of t6e aLcr terms 6ereof or of t6e note iccurcd haebJ.
12. That in order to aoeelecate the matusitp of the indebtedne~a 6ereb~ sa~red beca~ne of tLe tailure of tbe 111ortgagor to par aar cu , ~
~wneay liabiliq. obti~atioo or encumbraoct upon said propertp a 6erein pro~ided, it shall not be aeces~arr nor requisite that t6e i~tortgagtt
s6a11 ~irst pa~ t6e sama ' ,
13. That if the Mort~a~or s6d1 fsil. aeglect or refwe tor a period of ch~rcy (30) daYs full}~ and promptlr to pap the amouna co-
qu;red to be paid b~ the note 6enbr secared or t6e interat t6erein speeified or anr of the swm of awner hecein referred to or hereb~ sa
cared~ or otherwise dul~. ~ull~ and prom~tlr to perform~ execute. oompl~r wit6 and abide br eaeb. every or any of the oovcnann, conditiom
or stipuladoas of tLi~ mortg~ge, tLe pmmis+ory aote hereb~ secuced aad/or tLe oon~tnxtioo loan agreemmt~ jf anr. then. aad ia eit6er or in ;
aay of sueA ereob~ ~it6out notice or demand. t6e said aggregate swn mentioned in said pranisaory notq le~s previous payments. if aaY. and
any and a11 sums mmrioaed 6ereia or saured 6enby s6a11 beoome dne and payable forthwitL or themhcr at the ooocinu~ag option oE the
Mortgagee as fully and oanpletelr ss if said sggregate wms ~ere ori~inslly sripulued to be paid at such time. aaTthiag ia said promiswq _
note or 6ereia to t6e oontrarp notwithstanding. and t6e Mortgsgee s6a11 be en6tled thereupon or thenafter voic6out notice or demand to ia- _
~titute suit at law or ineq uity to mforce the rig6b of t6e Mortgagee 6ereunder or neder said pranisaory nota Ia the event of any defaul!
or breu6 on the part of the Mortga8or 6ettunder or under said pranis~oq aote, t6e Mortgagee s6a11 ha~e the oontinuing option to enfora ,
parmeat of dl sums ~ecured 6ereby by aaion at la~+ or b~ snit ineq
w~ty to forerJose tLis mortgage, dther or batb. coneurrently or otherv.isq -
aad oae ution or wit shall nat abate or be a bu to or wuver of tLe Mortgagee's rig6t to institute or maintain the otLer. provided said I~iort-
ga~ee a6a11 Lave only one paymeut and sacisfaetion of nid indebtednea.
14. That in t6e e~eat t6u Mortgagor sball (1) ooment to tbe appoinanent of a reeeiver. trwtee or liquidator of all or a subsanaal
~art of Morega~or's a~s.°t~ or (2) be ad'udicsted a baukrupt or inwl~ent, or file a~oluntary petiaon in bank~uptcp. or admit in srriting ib
inabilic~ eo pay its dcba a~ the~ baoome ~ue. or (3) make a geaenl assignmmt fos t6e beaefit of erediton. or (4) ~le a petition or answa
seekia~ reorgaaiution or urangement RitL etediton. or to takc advantage of anr insol~ene~ law. or (S) file an answer admitdng the ma• •
arial dlegatio~ of • pecidon filed agsimt tLe Mortgagor in any banicrupte~. reorganir.aaan or imol~ency proceedin~ or (6) actioa shal! be
takm br t6e Mortgagor for tbe purpose of effeeting an~ of the foregoin~ or (7) any order~ jwlgment or daree sLall be catered upon an
applicui~ of a crediwr or Morcgagor br a court of oanpecent jucesdictioo approviog • pedtian seeting appoiatment of a receirer or trwta '
of all or a sub~tantial part of the Mortgago~s assets and such order. judgp~eot or decree shall oontiaue unsused and in effect for aay period of
thirty (30) oonsecuti~e dsps~ t6e Mortgagee may declare the note 6ereby sec~red forthwith due aad payabiG wbereupoo t6e principal of and ~
t6e iaterat uerued on the note and all ot6er sums Lereby secured s6a11 beoane fort6with due and paqable u if all of the eaid auma of moner ;i
were origiaally stipulated to be paid on suc6 day; and tbereupoo tbE-Mbr~8a8ee witbout notiee or demand may prosecate a suit at lar and/or :
in cquity as if atl moaia ~ecured 6ereb~ 6ad matured ptior w ib in~titutioo. '
1S. T6at tbe Mort~agee or any penon autLoriud b~ the MoKgagee shall ha~e tLe right to eatcr npoo aad iwpact t6e mortgaged -
prcmisa at all tea~onable times.
16. T6at anr sum or sums whic6 may be loaned or sd~anced by the MortQagee to tLe Mortgagor at any time wit6in ten (10) yean ~
irom tLe date of tbis indeatun~ ~n~et6er with interat t6eroon at t6e rate agreed npoo at tLe time of suc6 loan or ad~aace. s6a11 be equallr se-
enred with and 6a~e the same prioritp at t6e original indebtednas and be subject to all t6e terms and pro~isions of t6is mc?rcgage; provided.
t6at the aggregate amount of principal outstsnding at an~ time shall na c~ceed an smount equal to ax 6undred and fifty per cent (1S0%) of
the principal amount originall~ secured bereby.
17. Thay if required b~ Mon~a~ che »id Morc~or ~silt par nn~o ~be Moresagee. on t6e f~c da~ of eub and arery oo~aeeudve
montb. s aun equal o0 ooe-twelft6 of the annusl amouat ac+ces~ary to pay all tua and asanneab agaimt the said mortga~ed premisa„ »id
monthlr sum to be atimated solelp bp Mortgaget and cakulated to be an amount not las than tbe amouM of taus asswed against ~aid mort-
gsged premises for t6e preriow ~ear~ and if furt6er required by Mortgagee to pa~ all imuranee premi~ms in manner and form a~ providcd
6ercin for the parment of taza and aasasmenb.
i=. 'ibat in ~e e.au t6e ban wWe6 thb rnort~~e 4~~en to secure b made for tbe pnrpae of 8naacing dt6er t6e eon:tnxtioo .
of aew buildin~s or tLe aonstnution of impmnanent~ ~nd/or additiaas e~ easting buildin~. the Mortgsgpr. if reQuired br che Moregagee.
~prasy s~rees to depoait wit6 tLe Mortgagee or ib daignated agent an amount of mone~ equal eo the diffaence betwcen tbe net proaeda
of the loaa aad the total amount~ as decermined b~ tLe Mortsagce. reqm red to f~llr oompkte said oo~caon in aaord~aa s+ith t6e plan~
and ~paifiacions beretofore submitted by cbe Mo~tQa~or and approred by tbe Mortgagee. Said amount of mone~ sball be pisced b~ t6e
Mwtgagee in a"I~oans in Procen Aooount" in tbe aame of t6e Mort~a~or. and tLe same sLall be wed by the Mortgaga to Pay che oost~„
eLarga and apensa ixurred in oonnactio~ with ~aid oomtruction rior to diabnniag of this loaa. It is lurthe: agreed that in tLe e~rnt
said aoostruetioo u not fully canpleted on or brfore t6e due stat~ ID tb! COOlt[OttIOD L010 Agreemeat or ia the erent t6at t6e work on
•aid oonstnxtion sbal! tease before full oom~letioa and sueL easatioo shali aontinue for a period of ten (10) da~s, or iE substantial rnatinuow
ptogrea sb~ll not be made ia such eonstruchoa~ then aod in aar ~uch e~ent the ~sid aggreg~te sum. principal and interay mcntioaed io said
~ pranisar~ not~ and all a~oaia saured hereby. s6a11 beoome due and payable fort6wit6 or t6ereaftcr~ at the optioa of ~aid Mortgagee; ipo lp
i tLe e~ent of sac6 cessation of work upa~ said oo~stroetioa fot a puiod of tea (10) da~. or if substantial oonanuoos progress s6a11 not be
made in socb aoostruccion, as aforaaid. tbe Mo~a~tt m~ at ib optiai eoter into and upou t6e mortgaged premisa and complete ~aid con-
~ urnetioo in wc6 manner as it deems ad~isable without ao~ interferenee fran tbe Moc~a~or; tLe said Moregagor 6erebr giring aad graating
~ m tbe Mortgagee full power aod autlarity to make sue6 eatn in~o and npoo wd mortgagtd, premisa~ co entcr into soch oontrarn or ar-
ranQemena as ma~ be neassarr eo oomplae »id aoa~troccion~ and to ezpeud an~ monia rema~ning in said "I.oans in Procas Aceount"' and
in addition an~ sums of mone~ ncceaur~ to oomplete ~aid ooostrnction; and an~ aad ali monia ezpeaded by the Mongaga in conna~ion
witb such ooa?pleeion of aoostructioo in euess of the monia ln said '7.oaas io Procas Aacount" ~ball be added to the said prineipal dcbt and
s6a11 dnw intereu at the nte prorided in said prominory not~ and s6a11 be secured br this mort~age. and s6a11 be parable bT the Mortgagor
~ oa QcmaoQ. .
~,?~K : . 79 F~c~ :
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