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Mos~ga~or sha11 to the Mortga~ee uV a~cruunL neoe~r~ to m~lca up tha deflciena~. Suchp~y caeat ahuli .
be made wlthin t~q (30~ dqs aiter wn0ien notios trom t~he M ~a~ea stat,in~ the uaount ot tiis deHcicaay~ .
whioh noLics a~ bs ~iven b~ mail. It stsq~ tims t6e Martg~gora~ a6ai1 t~oader to the Mortgagee in accord- .
aaes with Lhs ro~is~ons oi the note ~eaured hereby, fuU payment of the entu~e indebtcdne~ regrt~nt~d
e
thereb~, the o~~ sball, in oomputiag the smoun~ of suoL indebtedaass. eredit to the aoooun~ oI the
Mart$~or u~? at~edit balsace rem~iaing under Lhe prorisions oi (s) ot saidparagrapb It there shall be •
def~?ult undee sny of the ~roriaions of this moriga~e~ rault,ing in a public sale oi tLe preinisos oovered hereby
o~ it ths Mortgagee ~cqwtes the prop~y ot~erw~se etter def~?W~, the Mortgagee shsil sP l,~?~ a~ t~e time o~ ;
erwi e
~he oommenoement of such proceedinge or at the time fhe property is otherv?ise acq the amount then
remaining to credit of Mortga~or undar (s) of patagrsph a pr~ecrding ~s cradit on tbe interesL aocrued snd
unp~id aac~ the balance to t6e-principat then remainiag unpaid on ssid uoia .
har~o~nm~a
4. He will pq? aIl ta?~oes, aeeeeements, wstar rat~es„ snd ot~Lar tel ae muaiclP~l eh~e~es. Sae~. oye ~
~
aa~d ths Ls w~nl~ delh?er~a~l reoei~ts ~o~ to~tbe Mortg~ ~7 ~U? ~ ,
, Pe'~PW~ .
Hs wiII pazmit, oommit, a wHe~ no wast~e, impairnnean~ ae det~iorst~oa ot aaid peope~j ae Q t~hereoi
eaooep! reneonsbis w~ear and tesr• and i~n tl~e evaat of tLe fa~rs of the Mrt~,~r Lo keep tlw b~t~cl
n~~. oa aic~
pe~emniaes and thoes to bs ee+xt~e~ a~ ~e3d p~niees, or fimpcoveanents thae+eon,~ 3n-aood npair ths i~doartg~gee ma~
mskA a~eh repaiis as ia its di~etio~n it may de~n neooeesry for tbe~o
per preeervstiom? tbereo~ a~d the full amownt •
at each and every ~ch paymeat ebalt be d~e aad PeU?abls t~ict~j? (ao) d~,qa atie~ de~osad, aa~' abaII bs seaued b~t
~e lie~ of this mo~a~e. ' ~ ;
~ Q. Hs w1ll pqy atl and ~inaiilu #bs ooets, aad ~pe~+ees, inclndins reae~abk LwTe~'s ~~nd oosh
af abstraata of title, inourred or paid at aqy tla~
k~~ortdagee beosuee of tbe failurs on ths_ parlot the ort~e~~or, ~
pco~aptbr and{~ to peiform the a~reeaoaata and oaveaants of e~id pramviesor~r note and t~b~s mort~a~e, aad '
~osts, char~es, and e~penses aball bs i~nm~r do~e and pqyabla and shall be seaued by the liaa of t~is mvct~e.
7. 8e w~l oontianousb mainta~n hasard insuranos, oi such type or~ypes snd amounta as Mortgag~ee ma~r
~ from time to time on the ~ vemeats now or he~+e~ter on suid ' sad ezcapti whan pymenti
tor s11 snch pi;emi~
~ theratofore~beea m~?da nndar ~(a~ of paragrs~h he~roof will pw promp wheu
dus~ p4+etniums there~or. AIl imsuraaoe eh:ll be d~rri~d ia oomPaa~es iPPro~e~ by 1?i snd~ pol~
~ aies aad reaewals thereof shaII be Leld by Mortgagee and bave stite,ched thereto bes payab~imes in fs~or ot
and in form a,oceptable to tLa M In event o~ loes he will gi~e immediate notioe b~
msil to Mortgeges, . ~
and M msy mske.proot~~ if not msde promPt~T by Mortgagor? and ee~cL mauranos.oampaqy
~ o~aoe~ned~~~~ts~~i+eb ~utao~r~ed and d'n+ected to maios p~jment for snch kes du+ec. tq Mo matead o~ ~
~ to Mortgagor and ~ortgagee 'oint~y, and the insuraaoe prooeeds, ~~R1 P~ ~~~~i be~ed by I?iort-
~a~g~ee at its optioa eit~her ~o ~ reduation oi the indebtedaees bereby eec~u+ed or to t~e restont:on ar repair oi
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d. In event ot foreclosure o~ thie mort~ag~,~or other tra~fer oi title to the m
o
rt
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e d ~
p~+opert~ ia eztingu~sLment of t~ indebtednees secured here
b
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Il r
i
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ht~ title, and iat~ereet oi ~e Mortgagos -
in and ~o uq meuranos poliaes thea iu ioroe aLall pys to the purcLasez oe grantee. '
8. He will not esecute or file of reoord a~ imat~ament which impoaes s restricwon upon t4e ssb or oocu•
paney af tLe propertsy deecribed herein on t~e basis of raoe, ealor, o~ creed. ~ .
9. If the premises, or any purt thereof ~ be oondemned nnder ths power of eminenti domsin, or soquired - -
~ .for a public use, the d swarde~, the proceeds for the ~ of, ~ the considm~atioa for snch aoqaisi-:
t.ion, to the eztent of th~ amoun~ of the remsining uapaid ' ebtedneee secured by t~Lia mort~e
, are
hereby assigned to the Mortgagee, and hia he~ira or aesigna, snc~ shall be paid forthwith to saed Mo -
• or hia'~ee't~o be applied on aa:ount of the lsat maturing inetailaients of such indebtaees•provided, ow
ever, the ort~agee or bis assignee; msy st his diacrataon pay direct to~the Mortgagor, bis ~eirs or aesigna
~ sny part or all o~anch a~vard; pm~nded, that if the losn is guarantead ar inaured, tiLe oonaenti of tLe gusran-
tor or insurer is obt:?ined in advance of eaid ymea~. ~
10. Tha Mortgag~ea may, ati sny time ~ ing s snit npon tLis mo spply.to the oourt hsving jurisdia
tian thereoi for the sppointment ot a reoeiver, snd aneh eonrt sball fo~t~ s~po~nt a receiver of the premises
~ oovered hereby all and aingalsr, includin~ sll aad singular the inoome, profits, ~ssues, snd reveaues from ~vhat-
eve~ eowne denved, e~?ch and every of w?luch~ it be'u~ expressly understood is hereby awrtgag~ed ae if specificslly
set forth aad described ia tbe granting and hsbeuudum clsumes bereof. 3nch appointment ahall be made by
auch oourt as ari sdmitted equity and a mstter of absolute righti t~o ssid Mortgagee, and ririthout reiere:?ce to
the adequacy or ins?dequacy of the value of tbe property mortgaged or to the solveacy or inaolvenay of ssid
' Mo t~a~ r or the defendaate. Such reats, profits, inooma, iesuea, aad revenuea sbsD be applied by such rtoeivu
aooo~rd~
_'ng~ to the lien of this mortgag~e and the practiue of such oourt. In the avent of aqy default on the part
of the Mortgagor hereumder, the Mortgagor a~reea to psy to the Mo on demand as s r~sonable mont~W,r _
rental for tbe premises aa amount-at least equivalent to one-trvelfth ot ttieag~ga
te of the twelv~ montbl,y
inatallments psyable in the then curren! year plus tLe aetual aanount of the aanual tsaes, aasesameats, ~rater .
rates, and insuranoe premiums for such year not oorered by f~e aforessid monthly paymeata.
i l. Is? tLe evmt of aay bresch of this mortgage or default on the part of the Mortg~gor, or in the even~ _t
tLst any oi ssid awns of money herein refen~ed to be not promptly and fully paid aocording to tha tenor he~+eot '
or in the eventi thati each and every the stip ulstions, agiroements, oonditions, and ooveuants of ssid note anc{ " i
' t6~ martgage, are not duly, prompdy, atid fnlly performed or if ~the Mortgagor be sdjudicated bankrupt or
made defendant in s baakruptay or reoeivtrsbip~rooeedin$s; thea in eatber or an~ sucL event, the said aggr~- 1
gate aum ment~iioned in said note t6enrema~amg unpaid, vnth intere~t aocrued to thst time and all moncy
0
' secured hereby shall beaome due a~ad psyable torthwith, or thereaft~er, st tLe option of sai~ l~iortgag+ee~ as
e
fnlly aad oomp~etely ss if all the said sums of money were originally stipulated to be paid on aucL day, anr-
thin~ in asid note or m this mort~ag~e to the o~ntrar~? not~vitt~taading; and therenpon or thereaf ter, et the option _
of said Mo~gag~e,~ without notic~e or deansnd, smt sti lsw ~or in equity, msy be prosecuted as if alt trioaev,s
s
secnred hereb~
y Le?d matured prior to its institution. The Mo~ msy i~reclose this mortgug+~, sa to t#?e -
amount so declared due and payable, and the asid p~mis~ shail sold to satiafy aad psy the asma toget~er
with eoa~s, e~cpenaes, aad allowsnces. In csse of pertial forecloaure of tLis mort , t~e mortgsged prnm~ses
ahall be sold subject to tbe oontinning liea of this mortgage for the amouat af the de t aot tben due ~nd i b
p~id. _
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No weive~ of aa~ ooveaaat ~erein or oi tbe obligstion seeured hrrebp sh~11 a~ ~ny time thecedter bs
held to be a~raiva of tLe t~xms he~+eof or oi the note secured Lereby.
13. The lien of t~is instrnm~L ~hell nmmin ia fuD foroe aad eSect during a~ny postponedunt or extensioa
oi the t3me of p
a
y
m
e
nt of the indebtednees or any part tbereof secured henby.
~ 14. TLis ~~o ~ g
i~ to secure tbe p
u
r
c
h a e
s amne
y, or s psrt tLereof, of tLe Iaads hereia described
- and is ezeeuted~~ s n
d deli~ered oontemporaneously rrith the d
e e d t
h~
e
i~. - -
1 b. If the Mortgagur detault in aay oi the cov~snts or agreements ooatained h~rain, or in ssid note, t6m
~ tbe Mortgag~ee ma~ periorm the aanae, and aIl ezpenditures~mcludi~g reasonable ~?tLorney's fees) mu~de by the
M rtgagee m so d shall dnw intenst at the nte pro ed for ia tLe principW indebtedaess, aad al~ll be ~
np~i~
y-~
le ibirtijr (30)~sys after dm~and, aad, to$ethr~ witb intenst and oosts accriud tLereon, shall be ~ecured
by t~bis mortga~e.
~ 16. Upon tbe reqnest of the M tbe Mortgsg~or sbali execute and ddiver snpplemeat~l swte or _
~ n~otes ia~ !he ama or suaar sd~anoed
1~Mortgages foe We aiteration, mnderaiastioen; improvement, mainr
~ tcaaaoe, ~ repai~r oi said pre~nisea, for tases or a~scn~ts against tLe same and for ~ otber purpaee aatlwr-
; ~ ised h~+enndes. Said note o~ nota aha11 be secmred hereb~ on a pant witb and as fuUr ss ii tbe ul~ance
e~de~oed t~b~ wez+s iaal~ed ia the ~ote S~ d~ibed abo~e. ~aupp~~al aote or notes ~u11 bear
~ a, $Q~t Jil tt~{~~~
'