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ad sbsll ihd~r~prrlona. eomply with +u~d ubkla ~y uaeh aml e~r the atipulattot~, eorMlltions, arn! oorenan4 ot asid DranlSSOr~r
~ase and of tdis mort~a~e. tl~en thL mort{~n~Co and the est+?b l~t~ebp eroRted aboll eea~e and be null and roid.
It i~ undcist~ood tbat tbe won! "moM~cor~s." whelher ia t~e sl~tular or plural anyMrhers in thb ahait be
slnNtar If oue oaly ud aball Ds Plqeal jojntly und severrallr !f more tlw, or,e aAd t~! tbe word "thetr" ~uau~~y?wbers In
th;! aart~Se d~all be takea to m~n liL. bee or lpti wherever !he eo~ntext ~o fmplIes or adiaib.
And the Mortgagora hereby jointly and acvorally oovenant and ~gree to and with the Mortgag~ee :
1. 1b pe?Y all and de~ulat the ~rineipal atd tateerat and the ~rarious and~ sums ot monep pa~raWe br tirb~e oi
nW prumissory note aed th4 mort~a~e. ench and evoq?. PromPW? oa the dsri re~Poct(valy the same aevernlty bceome dae. The
ldart~rem~? colleet a"late ehar~c iwt to cxca~d an amoun!oq wd to two per oeatum (8%~ oi any inatWment ot the Aote
hereb~r ~aured whieh is itot paid vr~tbin fUteen (15) days ait,er tl~e due date l2~ereoi to aover the extrs expense involved ia
handlin~ ddirqueat paVanents.
L To ps~r whea due and ~rithout requlrirur notiee fe~om MortAaae~e atl and dnRul~c the taxes. aaseasments. levlea.
. oblisat[om aad inenmbrances of ever7? nsbue ~nd 1u~ aow on aaW dacribed proPe*~Y ard/or that eeteatter may be inr
posed. wttered. placed. levied or a~sased thereopo~ and/ar tlwt herca[f~er m~y be tev~ed or ~sessed upon this mott~ag~e
and/or tbe irdeDtedr~eas aecur+ed herebY. earb and erery and inaadar as sns thereoi is ot record t1?e ~ame shall be prornPtlr
satist~ed u~d diac}wrged ot record ond the ori~nal ofCc~al doeument (s~ch as. ior lnstsnce. the tax receipt or tlie s~tisfaetion
paper officiall~ endorsed or oertitled) ahall be piaced in the harNM of ~aW Mort~aaee wit2~iA te~ d~,ys next ~fter DaYmank
s. To keep the im~ provemeats now existint or 1~ereAtter eratbd on tbe mort6s~ed proPertY. aAd the eQuipment ~?t~d •
'personalty covered by tl~s M rt~ inwred as may be required Ima~ ttme to tlme by the MortKa~e +~gainst loas by tin. ex-
t~d c~ve~e and surh athar l~au~id~, casualttes and conW~g
eneia as may.6e requirad br Mortgagpe arxl wUl JMY P~mPuY.
w~~en due. any pnmiwm on such insuranee. AU inwranoe shail be in torm and anwunts satjsfactor7 to. and L? insuranee com-
p~ues ap roved b~ the Ddortgagee. aad tl~e polkiea and rer~ewals thereot shall be heW bY ~o~ and have attac,hed thereto
lossp~ya~i
e clAUSes in tnv~or of atd i~ form aMeptnbk to ths Mortgagae. In evenL ot loas We Mortgogors will
~atiee by matl to MortRa~ee. and ldortgaase mq neske prooi of lo~ it not tnade pe+o~aptl~r by Mort~a~ors, atd~eaehi ir ura~no~e
eompW eoneeroed is'hereb autborised end directed to make pe~yment for s~xh loes dlmtly to Mort~gee inatead ot to
Mort~agon ard Mort~ee ~ointly. and the insntanee proce~de, or u?y put tl~rcof. may be applicd by M at ~ta option
~ eith~r to the nductian o! the indcbtednees hee+eb~r ~red or to tl~e ratoration or npsit of the P~Pert7o~~~ .Ia event
ot foreetawt+e ot this mortgese or other tranafer ot litle b tl~e mortaa,~ed propert in e~ctinguishment of the ir~debtedness ~
1~~7. ~ rabk ut~a ~ i~krest ot tt~ ~or~aaors in to anr t,~r,u?ee po~icies then in foree aAall paas W the pur-
~ ehaser or Rrantee.
4. To rennove or denalisb ao buildiar oa said premise~ without the wrltten ~ot~serit of tLe Mortaagee; to permI~ eom-
~it ar anfier no vrssie, iazpairment or detesioration of a+ad property or any part lhereoi and to keep the ssme and improve- ~
meata theeron in [ood aondiLioa aAd reD~ir.
b. To psy aD and ~inaular the oosts. ehar~es and espensa. Inclndina reasonable lawyer's fees. lawye:'a disbnraemenb ;i
:nd ood at abtrsct~ ot title. incurr~ed or pald at an~ time b~ t1~e ~[ortaagee becanse ot tbe iailnrs on the put of tbe Mortgs-
goa to d~il~r pertorm. oompl~ v?Itb and sbids by eaeh aad erer~ the stiPulatioiu. oondItiorr and eovenants oi aaid promiaso'ry
note ~ad tlus mortga:e. at~y or eitber. _
~ 6. Tl~at in tba e.a~t the l[ort`sXois iait topa
~ or di,~eharre s~id taxes. as~ssa~ente. ]fens and ineumbranees. os sajd yi
~+b, ~ e:pensa, or fail to keep sald pran3ses Lmured or to delivtr tlie policies, pren~anu or fail to npair the
sRid Premiaea. as herein age~eed, tl~e ldortgaase is hereby ant1arised at tta electton to Da7 as?d/or dta~ar~e said texa. assms- ~
ments. lieas aAd [nc~n~brunce~ or a~V Dzzt tba~eo~l. to pa~r said tosta. char8ra wd expenses. to ~rocure and pay for wch in-
suranoe or to mslce ~d par for weh patn. without any oWigation on it~ P~ to ~etesmine the validSh? ar ne~ty of any ~
thereof aad withoat t6e l[os~a~se MaIvi~ or d[ecti~ opttoo. ~ipy equitr or rtgbt andar or by virtne od this mortgage; s
and the inll snnount oi meh and every snch payment shal~ imnkdiatel~ due nndpa
Yab1e and ahall bear interast from the '
date thereof unh7 psid at the rate ot eigAt per cenlumper aanum. aad, together with auch interesk shall be seeuned by the €
f'r an o~f tl~~';S~ge~ b~t nathiaa herein con4iaed ahsll be oonst~ued as requiiing tl~e Mortga,~ee to advanee or spend moneys
r ru*po~e. ia u?is parag~spl, mentioned.
7. That (s) in the evet~t ot W b:+aich of tbis mortgage or defsult on thepa~ ot the Mor~~
n. or (b) jn tbe event '
an~? of said aums ot mone~? hereia,referred to be nat pranspU aad !!~lly gaia ~3thin titteen daYs aext a~tes the same severally be- ~
eome dne and Parible. ~nthout demand or notke. or (c) In ~ e~a?c ~ ana ~very tt,~ .arut,~t~ons. oo~?ait~.on. ana eo~nts +
of said Prumiaosy note and thi~ mortgaga. any or ejther. are not duly rertaamed, connpiied with urd aDided b~: tben, in dther 1
oraa~ anch evaik tbe said agg~egste snm meutio~ed i~ said promissory mte thea rem~inin8 unPaid. arith interest aoerued, i
aad all moaeys secured herebY. d~sll beeome due and p~rnWe for~hw~ith. or thereatter. at the option of said l~ortgaaee, au fulty i
and completel~ as if all of the said sums of tnone~ were o h stipui~ted to bep~ on sueh ng
•on? iwte or in tl?is mort~a bo the contrarY notwithstsnding~arnd tAereupon or th~reatter. ut tlu~op~o~n of the ldortqa8~ee.
~rithont aotioe or demud. ~anit at Iswr or in egnib. t6entofora or il~ertafttr Degun. may be proeecuted as if all money~ ~
aau~d heneb7 had mabnred D:ior to ita institutaon.
8. TLat ii W~nit ibsll be instituted to foreelo~e or reform tbie mottgage and/or to enforce payment oi any elaims ~
henunder. the MortBaBee shall be entitled to spply at any time~~ sneh suit, to the Court havine jarfediction thereof
for tbe ~ppo~ntment of a ReoeIver of the mortsag+ed DroPertj? ard
o-
f ali and sin~ular the x+ents, Inoom~ ~m5te, isaues an~
rerenu~ thereof fe+~n ~rbste~rer sou:+oe dvived~ each and every of whieh are ex ressl tno m ~
it is her~by e~cpressly eovenanted and asreed t6at tbere.ro P Y ?~8~8~ b~ tlua inst~ument: ar?d
pou snch Coud sbatl forthwitL sppouit a R~ece~ver oi asid mortgsged 1
P~P~rtJ'. ard oi all aml ~ingutsr tbe ret?ts, ineome. Dmiits, issues and revennes thereot from ahatever souree detived. s~rith the
nsuel Dowers and dutie~ of receiveis in l~e cases: and s~eh appointment shall be made as a matter of atrict rlgfit to the
~iortgag~ee, aed witlwnt retei+enoe to t]u idequs~cy or inadequuy ot tbe valne ot the property hereby mortgaged, or to tLe
~olveaey or insolven~r at tbe Morig~ora, '
8. That Mortg~ n henby ~esi~e. 4anster and ~nt o~er to l[ost6asee~ np to tl~e amonnt of the total indebtedness
•entred hereby, sll av?ards o~ dams,~es in oau,ection wifh tbe condennnstiaa ot an~ o! aaid ptnpesty tor pnblie vse or ior in}nry
• to anr p~rt tber~ot, and tt?e proeeeds ot all soeb av?ardsr after PsYment of all reaaonable expenses incnrred. iucludina ices "
for attorne~?s rePn~er? Y~rt8~8K In an~ proeeedjng in whieh ar~r weh sward b made. ahall be paid to Mottgagee to be
aPPUed nPon the indeb~ here~nder 1n aueL manaer as Yortgagee msy dect
t0. Thae ume L ot tbe eaeuoe ot this ooatract aed no wsi.~er of anr obl;aation ikr~w,der or oi tbe obli~ation xcuned
benb7 aball st u~ time thereait~r be he~ to be a wsiver oi the terms hereoi or of tbe note secured berebY.
11. Without aifeetin~ tbe liability o! any peiso~n (otber thaa an~ pesson rPlesaed purauant hereto) for payment of
aW? indebtedness ae~vred hereby. atd ~ritlant dfietiry~ tbe prfority or esteat of the lien hereaf upon any pmpert~? not speei-
~~7/ ~
tP~ ~.~Mo
~ may at any time aad irom time to tirae, witha~t tatice and withoat lunitation as
(a) Relwe any~e
tson liabk tor pa~ment oi any indebtedneas secnred hcr+eb7: (b) Sctend tl~e time or a~ree to
alter the terms of PsY~t af any ot t2~e indebtedneas: (c) Acoept additional aeearity oi anY lcind: (d) Release anY Pi'oPert7 -
securing the indebtedness: (e) Content to the ereation of aay easement on or over the Dremises or any ooveaanta reatrictinR
wre or oocnp:ney t]~er~eoL
~ 12 To duly~ perform, eomply with and abide 6~ eaeb a~ ever~ tl~e stipaIattons. conditiwu and eovenants in said pmm-
issor~ note and in this inortga~e ~et forth.
13. As additfona! iee.vritp the ldortsaaoss do hereb~ trueder, as~i~n and set m?er to tbe ssid Mortqagee. Its suecea-
son or wigns. any st~d all renta now due, or to beeome due. on the above de~cribed premisea or any ~epuate rental premise
aVWrtenae! thereto. wbich are dtuated on the land abone deseribed: n~ch renb to be eollected b~? or s! tbe direction of the
Mortaaqee, its successoa or asaigas, and the net proeteds tLereof to be spplied to the indebtedne~s hereinbefore secnned. as and '
when the same shal! beeome due and psyable; aad for the pnrpose of earrying ont this provLion tbe Mortgagors do by lhese
prrsenta, eonstitnte and appoint said ldort,gaaee, or the auoeessors or Assigns of the said Mortguqee~ as his~ her or their true
and lav~ful attorne7-in-tact. to eollect any and aU renb tor aaid above deacribed Aremise~. exprea+ly +wthorisinR the ~[o:tga-
gee oe i4 weees~ora or asslgas to e+eeeipt tenanta therefor. and do by these pn~enis ratity and con(irm any and all acts ot
asid attoraeyia-lact ia relauoa to tbe foreRuing power.
. '
~.~~NO.,.._.s ~ ~~K _ 3
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