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. d~~ tt'i ~10 djJ~~pII O=' ~~1'r~~~0~ i~~ ~00~~+01'it~ ~0 HOZ"~i~~
vtals o! tbs ia~d~eb~be~ee asatu~sd bersb~ sbe11 ibr~~rith bsoors la~sdi~ats3~ du~ eod
. P4~, '~@stbsr V3f?h 3aterest t2astion, as thongb t.bs vbols tsrs thstro~ lmd rua,
o~t
tbs M~r~,tg~~~es~• ~~al~ ~harsupoa bs eubjsat ~o ia~ediats ibrsaLaau~rs at t~hs opt3ro~
8. That ia 'tMs s~n~ thaL a~ t.hs beg~oniog o! or at aeqr tias psnd3tig . a~ syit
npo~n this Mortgags, or to ibrsaloes it, or to refOra it, or to eatoros p~ya~snt o! atq
alsims hersunder, ~aid lfortgagee ahall spply to t~s Ooun~ hsvi~ag ~urisdiat~,o~? tbsrso! ,
ibr tl~s appc~iat~ea~ ot a Reosiver~ such Court ahall lortM~rith end vittwu~E t~oti,as to ~
ths Mortgagar or o~hsr d~efst~d~et?te appo3u~, a R~soeiver, o! aaLd aiorEg~gsd propsrE~ aLt
and singular, i~aldd3n~ ~].2 at~d s3ngu~l~ar ths 3cao~s, p~otite, isauss v~d rsveauss ~ i
lroa whstov~er aourda d~rived, eaoh and sverg o! vhicL, it bsiog sxp~sasl,T uod+srstood, '
is bereb~r mortgag~d as i! epsoitioally ast lorth and desoribsd 3n ths grse?tiag aad '
haabeadwd clauaea bsreol~ md a~oh Rsaeiver shall havs all the b~oad md s!'~sotivs '
llusctioas at~d pove~a i~1 atyM1tia~ enLrustsd .by a Cotu~t to s Rsasiver, aad auah appoiat~-
ment ahall bo sa~de by euah Conrt es sa adsitted equit~ eod s,stter o! sbeoluts right
- oP ssLd li~rtgages, e~zrd srithout relerence to t~s adequ~tc~ or iaa~dequao~ o! t.hs valu~e
o! ths property m4~agbd or to ths solv~aoy or iasolv~aay o! ss3rd i~ortgagor or t.bs
d~efend,anta, and thdt at~h rent,s, p~olita, inooss; ieeuss at~d rsvsnues ahall bs ;
app2ied bar auah Redsi~ aaoordir3g to twe liea er equity ot said ~rtgagse sad t~hs !
~ psactiae o! auah C~urt~ Ln tl~e ev~ent o! aqy detault aa t,~a part o~ ths Nortgagor
€ herevmdsr, tha l~brtga~dr agrses to p~y to the M~ortgegss oa daosnd as a rsasonable
~ monthly rental !or t.hs pa~e~isss an amovat -at leaat squivalent to ons-t~el!'~h (1/~12)
o! the aggregate o!' t~ t~+elvs monthl~t 3aetallmenta peqrable in t?hs tbsn aurrent yssr
plus t.be satwal eadunt ot ths annvel ta~ces, asaesa,~enta aad 3neurmca poc~eaivms for '
suoh y~ear not covared b,y the atoresetd month~y pe~sauts.
. 9• I! Yorecloeure p~oceedings ahould be 3natituted ags3nat 't.be P~Pet''~Y
bry? thie l+Wrt.gage upon etq? other lien or ola3m, ~bether atleged to be auperi,or er .
~uoiAr to th~ 13,en of thie Nor~Egegs, tLe i~or~gagee m~y at ifi.s op~t3ron lmedists],y upo~
3aatitutfon ot s~oh suiL, or dur3t~g the pend~enoy tbe~reoY deolars thia M~ortgage and t.~s
entire i~dsbt?ec~ess seoured Lereby d~e at~d pe~yntile los~thwitL and meyr at its optLoa
pa~oceed to forecl~ose this M~ortgaga.
10. To pey all and si,ognls~r tbe aoeta, ohargee and eocpe~aes, inalnding a reaeo~
able attorirey~ s fee and oosta oY• abstraats o! title, inoutrred or pa3d at eoy t3~e by
ea3rcl l~or~tgegee beeauae or in t.he evmt et t,~e tsilura ~n t.he part o! t.6e aai~d I~or~tgagor,
~~Y, P~Pt1Y Periora, diacharge, ezecute, efteot s oa~plete s co~? wit2i
aad abide by eaa6 aad every the atipulatlrons, agreesente~ aoadit3~ona aod a+v~enaats o!
~ ssi~d p~omissory note aad thia Noi''ti6s6'es ~J? or eit~er, and aaid ooets, clsarges aad
e~cpenses, each and every abs].l be imoediately due a~d pey?abSs, ~+betl~er or not the~rs be
aotioe, damaq~d, att.~aip~t to oolleat or suit peadiag; aad the ltiill s¦ount o! eaob md
every such petiyne~nt shell bsar 3nterest l~o~t t.De dste thei~eo! tmtil paid at the re~te.
provided ia 8aid note; and all said ooats, chargea ead expeneea so incurred or Pe~3,d,
together vith such 3aterest, ahall bs secured by tbe lisa o! thia Kortgege. '
~ 11. ?hat he Mill loeep the i~ov~em~e~nta nov esi~tipg or hereat'ter erected ou the
~i"t6~d PI'oPsi"tYs ~sured as ~aey be -requfred fros t3oe to tise by tbe ~brtgagee
egainet _loes by fire and ottier hasar~ds, ca,ewalt3,es, aa~d oont3ngenoies 3n suab asounts
aad !or such peri~od es mey be required by Mortgagee, aad vi]1 P~? Pr'~P'~~Ys vt~eo du~e,
a~q? P~emei~e on a~b insurance tor p~y~ent of vhiabp vis3pn t~as not been pa~d~e here-
3abelore. All ~3asurance shall be oarri~ed in aom~sn3~s~aPPa~'oved 6ry? M~oi"f?6agees aa~ ths
policies and renevala thereoP sball be h~eld by 1rbr~,gagee ead ~ve attaahed t~hereto
~ loss peyable alauees iri fav~or oY aad 3a lc+rm acceptable to tl~e Mortgagee. In evec?t
~ ot loss he vill give imsediate aotice by aail to Hartgagee, sad e maloe
p~oo! of lose i! not me~de PsoaP~lJl bY Hortgagor, aad eaab iasuran~cs
~e~
ncerned ~
ia hereby authori~ed end dir~oted to a~alae pe~yment !br euah l+oae direatly to Mortqages
i~natead o! to Mortgagor ated 1?~rtgagee fo3atly, 8nd fn t~ eveat aqy s~a o! money beoossa
pe~yabZe uoder snah poliay or po13a3ea sa3~d l~brtgagee ehall hetre t.he opt3nn to~ reoeive
+ .~ai ap~,7 tbe eame on acoount ot tba 3ndebtecinesa secus~ed .hereby, or to apply the sa~e
to the reatorat3oa or repair o! ttrs p~+oparty damaged ar to perait ssi~d 1~brtgagor to
receive eod uee it or eo~? part t,hereot' !or other purposea vitbont thereby vaiviag or
, impsir3ng soy equit,y~, liea or right wader or by virtu~e? o! thie ldortgage. I~a ev~ent o!
• foreclostare ot t~ia 14o~rtgage or otLer t~raasfer of title to t?be iwrtgaged psoperty in
. e:tingnishs~eiat of th~e iadabtednes~ $scus~ed herebpr~ ~1„1 rights title and fntereat ot ~
the liortgagcr in aad to soy insuranoe poliaiea then 3a lbroe shall paae to t2~e pu~
~ or~retura ~ ua~xhLch ~ said pol3aiee ot f~nsurance or up~n eqy relVind
P~i ~eY p~ble ou the anoellati~o~ or tAs'~3t?at3rou thereeis
. 8he11 be giveo to otber thm thg I+brt688'~ s~~P't ~7? P~P~ end~oree~+ent afYi~ced to
8uob pol3ay and ep~novgd by l+brtgages ~
L2. ?hst ti~ abstreat or abstra~cta o! titl~e oover3ag tt~e`~rtgaged p~operty ahall
at all t3~ee, dur3ag t,he lite o! thib 1~lprtgage, remaia 3a the poeseae3,on oi t.be lfirtgages
aod 3a e~snt of the lbrsol~osure ct this Mortgage or ot.her transler of t~#~s to the _
m~ P~P~'t7 est t o! t.be iadebtedneaa aecursd bsreby, all r3ghts
~ title and intsreat o! t6~e .isortgagor 3n and to auy atuoh abstraats oi titl~e ahe~ll pe~ss
to tbs pwrchaser or grantee. '
1,3• It ia apecitioal7,y agt~eed t~e~,t t~se ia o! t~bs eaee~noe ot t?bis mrtgag~ aod
~ that no vaiver o! aq~r obligat3,on bereurxlar or ot tbs obligation aeoursd l~ereb~ ahall
. st ag~r tiu~a tLereatter be l~el,d to be a ~aiyer o! the tes~a herso! or o! the iastru~ant
aeauu~ed hersby. _ _ . ' .
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