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~ ~~1 b llts Moe~~ 41q~ ~a~ouat aeoa~ to make itp ths deBciena~r."~~8uahp~u
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~:'~wtth~n ~(80) dNs ~t~ee tten notios ham the M statia~ ths ~meuat ot tl~e deo~enaY~
wLi~h nbti~ a~+y bs ~'sien b~ m~l. ~a~ ti~ the M~ai~a~o~~ tsadee ~o the Mostga~es in~?oo~•
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•~g~es ~Il, in oomp~ting the aaAOUa~ ot woh indebtedaer„ oe+edit ~o ths ~oooun~ ot t
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M a~q~ arelit brl~nce uadee the pro~i~ions o
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~ det~ t e~ aq~ ot th~p~o~isio~ a~ortgs~s resulf
~'o~ in ~ puWb ale oi e pe+~misa ooves~d ~ereb~
ot ~t tLe Mortgages s~quirea t~he propertj othe~wus dt~et de~~n10, t6e Mor~gageie ~hall. aP Y. at tbs time o~
t6e oominencemen~ ot~ prooeedings or ~t, ths time tbe property is otherwne~q . the ~moue~t then
remsining to credit oi bto~a~o~ und (a) oi pange~ph ~ prec~din~ ss a ce+edit on tbe intee+es~ sarued and
~ unpaid in~ ~he bslanoe to tbe
priacip~ than rem~iniag unpaid on wd nots. ~ ~
4. He wID py? aD ta~oe~ anre¦rmenl~. watee tute~„ aal o~6ee W o~ muntciPV e6ai~e~, 1~ ae ~
i~?Qodt~ions, foe whieh proviion has not bean muds hereinbetors. and~n d ult tl~ereof t6s Mact~es m~r Pq? tbs
rme; and tbsL hs will prompf~j? ddlvee 16s o&a~a1 reoeipts t6erefa to t~6~ Mat~~es.
b~ He wtlt peimit, oommit~ v~ wRee ao wa~s~ imp~iem~_t~ ae det~io~~o~n of eaid pro{~ ab~~ p~rt tl~ee~~
. eoooep0 reasoaabZs we~r and te~s• and ia ths ev~ent a[ i~L~s failurs oi t6s D[~or to keep t6e [idinp on
p~em~e~ sad those to bs e`eate~ oa ~afid pe~e~, oe impe~ov~ments i6eeeoa, ~a-good repaic tbs Martples my?
msios w~ch repaies s~ ia its disoretion it ~oo,y deean neeee~ar~ foc tbs~p~opee pe~esesvstion t~6e~o~ and ll~s tull amount
af a~oh and every weh p~,yment ~haU bs dus aad pqabis thirt,l? (eu) d~ af~er demand, an~ t6a11 bs ~ee~u~ed b~
~6e rie~ af thi~ moet~ .
a. He will p~y ail and da~uLr t~hs eat~, ~e~. a~ad eo~pe~se~. inohdina reMOnabls Lw~re~~ fee~ ~~I~d eo~h
ot abdr~ot~ cf titb, inonered c~ p~id at aq time
b~y
tbe Mact~es bea?ues di tbs f~ilure dn ths p~rt ot ths Mortp~oe
oat~. ohse~e~, ~aa~ees shall bs immedist~b dns and pq~Ws and ~seaured by tbs liea~~
~nvnoet~e. -
7. He w~l ooat3nuou~? maint~sia ~sard i~uranosr ot wch t,ps ar~jpes and amonnts as Mortg~ges my
~t~ tims to vms requirs, on iLs impro~ement~ now os Lee~e~iter oa aid m~se~ aad etoepL whea pymea0
~ dl akL pz;eminms La~ t]herstofors been ~~under m pan6rs~h Z hee+eo~ be M pq promptijr wLen
dosa~o~ preminms tbe~+etor. All insuraaos a~rried aompan~ ~ppro b~ aad t~bs po~i-
aes and renewal~ t6~ereof ~Lall bs held b~ Mortgag~es sad Lsvs at~lacLed tbe~+eto las pa~?abl~ig~ in fa~or ct
aud in iarm ao~oeptsbZs t~ the M In as~L ot loas hs will giTe iau~diu~ts ~~isx by,m~ t~c Mortgag~e,
and M ~a~ee~m~w make p~root~~i~ it nut mads peamptb b~ Mo~rtgagorr aad eich msuraaos.oomp~r
eo~osrnedQ~~is Lereb ~uthori:ed and direoted tio m~ts pymenti for sucL bss du+ec to M urt~a~d ot ,
~o Mo~e~tgag~or and ~ortgages 'oint~, aad tbe i~uraaos p~~ooeeds, or sq~ part ~nyy be~ b~ I?iorti-
; st its option eitber tio ~ reduatian oi ths aidebtedne~s Lee~eb~ secured or to t~s resLoratan o~ rspair a[ -
~P~'oP~7 d!°'a~d. In svent of foreclosnrs of Wis ~ otheor tranater af titk to tbs mortgaged
, ` pe+o
pert~ ia eztangu~ehment oi tLe indebtedns~ secured L~a~l tig6t~ tit~e, and interest ot ZLe Mortg~g~oe ~
in and to an~ insuranos po1icies ZLen in toros ~ball p~~s tp tbs purcL~eer oc ~antes. ,
~ 8. He will not ezecute or S~ ot reoord an~ instmm~en0 ~rhieh ianposes a restriction upon the sab or oocu-
p~Y P~'oP~Y d~ribed hereia on the basis of ta~oe. oolor, cr creed.
9. If tha premises, or any put theceof, be oondemned under tLa power of eminent domain, or aoquired ~
aa
for a public use~ the d swarded, the pe+oceeds ior the oi, ue tbe oonsida~ation for auc6 aoquis~
tion, to the eztent of th~ amaunt of the remaining unpsid ' ebtednees secured by this mor , are ~
hereby sasigned to the Mortgagee, aad 6is heira or assigas, snd ahsll be paid forth~viW to ssid ~
agee
or Lia ee to be spplied on aa:oun~ of the lsat msturing inat~sllments of auc~ indebtueee • pmvided, ow- ~
ever, th~ortgagee or his assignee, msy at hia diecxetion p4y direct to the Mortgagor, hia ~eirs or aeaigns
~~Y P~'t or aU ofauch ~~vi?rd; pmvided, t6st~ it the loan ia gwranteed or ineared. t6e oonseut of tLe guaran- ~ ~
tor or msurer is obtained in ~d~ance of eai~ ymenL.
10. 1Le Mortgagee m~y, aL any time ~g ~ suit npon tLis mo ~PF~Y,to the o~urt lu?ving jurisdi~-
tion thereoi for the appointmea` o{ s reoeiver, aad wch oourt a6all tor ~nt~ ~?pou?t ~ receiver of the premises
ouvei+ed Lereby all and singuLr. including all and sing~ilar the inoome, ~+o6ts. nsues, aad re~enuea froau what-
sver eouroe denved~ euh md every ot whic6 it ~e~cpreeely undesstood is hereby mortgsged as if apeci&cally
. set fortL and desixibed in tLe,Brantin8 an~ L~Lsa um daus~s Lereof. ~uch ~ppointmeat ~LaU ba made by k
such oourt as an admitt,ed eqwty md • matter of abs~lute right to ssid Mortgagee, and without reterenoe to
tbe adequacy or inadequ~?cy oi tbe ~alue ot the pro~y n~Nrtg~Be~ or to tbe wlvenc~ or insolvency of said
M or the defead~nta. 3uch rents pmfib, inoome, iesues~ ~na revenues s6a11 be applied by such receiver ~
aoo~~~r~c['m~_g
to tlie lien of this mortgs~e an~ tLe -~ctics of s~u~ oouct. Ia tLe evea` of ~ny detaalt on tbe put
of the Mortgagor hereuader, the 11~ortg~g~or y~rees to p~y to t6e Mo on demwd ~a a reasonable monthlv ~
rental for the premises aa ~mount~at leas~ equivaleaL to one-twelith oi thea~r~a
te oi the twelv4 monthly
inatallments payable in tbe thea cun~ent ye~r Plns tLe actual amouat oi tLe anauai tates, asse~ments, aratsr
rates, ~nd insuranos premiums for such year not o~oered by tLe aforessid montLly p~yments.
11. In tLe avent of my breach oi this mortgag~e or def~ult on tbe par~ of.the Mortgsg~or, or in the even~
e
t6~t sny oi said sums oi money herein reterred to be not promptly a~ tuUy piud aooording to tbe tenor bereoi ~
or in the event tLat each and every tbe stip
ulations~ agreements, oonditions, and oovenants oi said note an~
t~his mo~~~ge, are not duly, P~mP~Y. aad iWly pertormed or if the Mortgagor be adjudicated bankrupt or
anade defwdant in a bankruptey or receiverahi~ ~rooeedingss thea in eithee or my such event, t6e s~id aggre- ~
~ gate swn meationel in said note thenrema~n~g unpsid, vnth interest acixved. to th~t time, and aU money
secured Leraby shaU beoome dw and p~yable iorthwitb, or tberesiter, at t~e optaon oi said 11iort,gage~, as ~
full~ and oomp~etely as ii all tLe ~ai~d swns of money wa~e originaUy stipul~ted to be p;id on such day~ anr F
€ tLing~in said note or m this mort~sge to tLe coatrar~ notivithatanding; and tLeraupoa or tLereaiter. st tbe optioa
of sud Mort,qag~ee, without notiee or dem~nd~ suit ~t la~v or in equity. m~y be pm~ecuted ss ii all uionevs ~
€ ~ecu~d Lereby7iad matured prior to ib institution. T6e Mo~q~g~e may i~reclose this mortgag~e, ss to t#ra
~ aoaunt so declu+ed due aad payable, aa~ LLe said pt+emises a~l~be s~d to ~at~fy~~d P~Y t~e same tug~ether
witL oosw ezp~s~, and allowances. In case of putid foreclosure of this tlse mortgaged Prem~sea r
~hall be so~d subject to.the oontinuing lien of t~h~ mortgs~e for the amonati ot the de ti not theu due ~d unp~id. ~
In ~such cw the pe~ovmons of tLis para~ngh may ~gau~ be av~ed of th~+eaiter irom time to time by t~ ~
M
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No waivee oi an~ oo~enant La~ein oe oi tbe obligstion aeeured hereby ~hRll at any time thece~tter bs -
~ held to be s waiv~ oi tbs tenns Lereoi or oi tbe note ~eccured herebj. •
r 13. T'he lie~? ot th~ iaserument ~hall ramain ia fuIl foroe and effect duriag ai?y po~tponea?ent or extension ~
~ ot tbe tim~e of paya?ent oi tbe indebted~?e~s or aa~ part tLereoi secnrad hereby.
,~a~e he
; 14. This is givea to ~ecure the purchaee money, or a part tLereot, oi f~Le lands herein de~cribed
~ ~a~d i~ ea~ecuteda~iwd delivered eontesuporaneuu~ly witb tLs deed therefor.
€ 1 b. If the Mortg~gor dei~ult in m~ ai tbs o~~ea~ata or age+eenunts oont~ined l~ein. ee ia asid note, then
~ tbs Mortga~es mo~ pestorna tLe wne, aad ~D eupendituns~including rassonabie ~ttosney's fees) made by the
~ Met~~ee m so sh~ll drsw interest at tLe nte pro for ia tbe priACipal iadebtedne~s, ~ad s6~D be
b
pap
y_~ble tbirty (30~ys attee dem~ad, ~nd, tosethee with inte~+est and oosts ~ecrued thereon, ~LaU bs secured
' ~ Lbi~ mortgags.
} 16. Upoa tLs request o! tLe M tba Mortg:g~or aLaD eaecute and deli~et s snppkmeatal aote oe .
~ notes tos the wm or wms ad~aaoed
b~Mortgag~ee !or the dteration, iinpe+ooemea~, n~+s-
~ t~enaaoe, o~ repair oi ~aid premi~, for tasa or a~sa~a~eab agaips~ t6e aams wd fo~ aw~ ot~er purpo~s iwtLa~-
~ ised Lersuader. S~id nuts or notes ~LaD bs sseured bereb ~rit~? ~ ~ t~ ~s it tbe sd~~na !
~ ~ ~~idenasd tbersb~ wero ineiuded ia tbs oote Snt dao~ibe~ ~~wpplea~rn~ oN~ K 0ota ahaU ~se ;
~ So~~ ~ - _ 38i' _
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