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ud ~Aall dul~r perlorra. coiu~1y wlth a~wl ~bida by weh a~wi eveql th~ aUpulations, ooiwlitioat„ aad eova~aats ot sajd pro~uLw~7?
aote aed ot t~is moct~ase, t~ea tAis aw~t~y~e ++~d the es4te bereby croated aball eaus xad be nuU and v~o{d. ~ ~
It b ~nde~atood tL~t tAe wotd "na~~Co{~." wAether fA t4s sins~lar oe piur~l anpwb~s~ ia t!~ ~MU M
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siu~st4r it ons oal .nd .hall be aurul ~otauy ,u~d .everally it more Uw oao and t1u~t Ws woed "t~hei~" a~ anl?~?ben la
thL aartsa~e dis~ be Wcea to ma~a lus. l~ee ot !h. wbersve~ tlie eoe~te~ct ~o ~aadie~ os ~dmth.
And the Mortgag+ors hereby ~ojntly and ac+verally ouvenant aad s?gree to snd wlth the Mortas~ee: f ~
. i. 1b pwr sll aed ,in~ulai tbe prtncip.l ,u~d ia?e~cst .,d che variow aud wndry aun. ot mo~ey pa~raek br .ietw oi ~
•aW p~omiasory uofe r?ad tlu~ mo~e. e~eA and eveq?. P~I~Y on 1he daya reapectivel~? We atme aeven~ll~I beooms dw.1Us
1[ottsaseem~? oollect a"late. eh~ry4e aot b exceed an anwunteq
wl to two per oeatwn !S%) ot any insLaUmer?t ot tbs noN ; ;
hereb ~ecured whi~h b aot P~d ~nthia fiftean (15) days a[ter tbe dus date thereot to oover the extn eYDe~ invdved ia
handlu~ delinqueat paymeats.
t, To pay M?hen due snd witbout requt~~ aotiee imm llortsaaee s11 aad ~eyN1+~r tM buca. aa~smseut~. ~evie~. '
obli~atb~ aad incwnbranees ot erery twture and I 4ow oa a:W doaribed ProPerty ~rd/or that herestter may be im- `
poeed. wttered. P1+~eed. levled or aaseved th~reupon. uwVar tlu~t heradter my? be lev~ed or aa~wed upon t}rL mortsa~s :
• aad/or tbe indebtednesa iecured bereby. ca~h ~nd every urd iaeutar a~ ~ tbeieot b ot reeord ths wne ah~ll bs praaptl~ i
~at~ed and discharsed ot record nud tlk oey~inal ottic~sl doaiment Iwch as. for instariee. the t~c reeeiP~ a' the aaWfacuon s.
paper otficWl~ endozsed or oerlitkd) slu~U be placed ia tbe Aands ot nid l[ort~aaee wjthiu tea d~ps ae~ct afler WU?men~ ~
S. To kcep the im~proremeats raw existinR or bereafter erected on the mortBx~ed Prope*ty. and tbe equtpment and . ~
perw~n~altr covered by tbi,s Mort~a~e. iawred ~s awy be requjred [t~om time to time by tbe 1[ort+ry~ee against loas py Cre. ex-
teMed eoverase and sueh other haurds. eawslties aad eontu~enciea as may be *e9uired by Mortgagee.and wil) pay prompdy.
wlw~ due, sny premium~ on aucA ineunnoe. All jnsuraeoe ahall be in [orm and amouats sstistactory to, aed in inwranoe oom-
~Wes ~p enved by the l[ort~ee . sad the policiea and renervals thereot sh~ll be heW by Mort~~ee snd have attached tLenW
loas~ e clawes in fa of ~nd in form ~cceptabb to the MortguRee. ln eveut of loas the Yortgagors wlll ~ive immediate
aotice by msii to MurtRaRce. and 1[ort~agee'may mske proot of loss if not made pranptly by 1[0t~a~ ~urd each jnsuranoe
- oompan~ eoneerned 'u herrb ~?utlarised and directed to mske payraeet for wch loss direetly to ~io~r4cy~e instead ot Lo
1[ortaagon and ylortgagee ~ointlY. and tbe insurance prooeeds~ or aa~? part theseof. aaay be apoled br 1[or~y~ ita option
E eiMer to tl~e ~eduction ot the indebtedne,s hee~eby aeeeued or to the restoration or npa~r of the propert~ d In event
€ of toreclawre ot thia t~wrtgs~e or other transfer ot titie to fbe mo y property ia esynguiahnnent oi the indebtedneas
~eeured l~ereby. dl riah~ title. aad intere~t ot We Mort~a~un ia to a~nyy~ im~uraace policies tha~ ia foree s1W1 pass to the pur-
cha~es or Rrantet. ti
To remove or deiaolish ao buildint on iaid Pi'emi~es witlwut t}?e written eoneent of tbe b[urt~asee: to Perml~ eom.
mit or sutiar ~o waste. impaisment or deterar~tioa oi ssid PtoPertp or any part tLereof and to keeP tl~e same and improva-
ment~ thereoa in Rood eonditio~ and reDair.
6. To P~7 aq aTd singular the ewh. d~m~ and e~perre~. indndin~ rwe~onaWa 4?wyer's fea, lawyer's disbnraemenb .
~?d eod ai aL~tract~ ot title. L~curred orp~ at ~ lime by We l[ortsa~ bxause ot the failnrs an tbe Dart ot the Mortga- ~
~on to dul pertorm. owinpir wiH~ and ~bids b~ eaeh ud eveql tbe stipnlatiau. eondjtloas ~ad oo~enanb oi ssW Prorr?iawr7
rate and ~ aartga~e. aqy ot eit6er.
~ 6. 11ut iA tbs evmt tbe l[ortsa~rs fail topa
y or diuhsste said taxe~. as~munents. lie~s ~d ineumbrances. or add
oats. eharse~ and espenses. or idl to keep wd premisea inwred or to deliver tlre poiicja. pretnium;d~or idl to repair the
~aid W'cmi~es. as herein sgr+eed. the l[ortsagee is herebr autborised at i4 eleet[oa to Pay ud/oe said ta:es, a~sast- ~
menh. lieas and incuaabranea or an7 paut thereoi. to psy wid oosts, ehsr8~es aud expenses. to praeure and par for wch in-
wranee or to make and par for sueb repairs. witlwut aay obltgatio~n on its part to delermine the validjty or neassity of an~
thereof and witl~out the ldortasg~ee wa~v~ng or diectin~ a~ay option. Ij~. equit~ or right nnder or by virtae ot tbis morlaa~e;
aad the full amount ot eacb and every weh payma~t shall be immediately due and payable aad .~hall bear intereit irau ths
date tbereof until p~d at the nte o[ eight per eentumper annum. and. togetber with euch interat. ahall be axured by fhe
. liea oI this maRtBsSe: but iwtbing herein ooaUdaed shaU be eonstnied aa requiring tbe l[oztsa~es b wdv~aee or tpend moneys
for enr ot the put~wses in this paraarsph aaeationed.
7. ~at (s) in the e~ent d awr breach oi tlds mortaa~e or detauit on tbepart oi the l[o~a~o
rs, or (b) in tLe event
aa]? oi said sums of ma~e~r herein reterred to be tat prumpUy and tully paid witl~n fifteen dari next dter the ume severaUy be-
come due and psYable. witLout demand or notiee, or (e) in fhe eveut each sad ever! tbe stipnlations. oonditjo~a and ooveaaab
~ of aaW Promiosor~? aote and tlw mortgage. any or dtber. are not duly Perlosmed. oomplied with aad abided bI; then. in either
or an sud? evenk tbe ssid ~gate wm mentimed L~ aaid prumissory tate tben reiaainina unPaid. ~vifb intered aecrued.
aod ~ mone~s ~ecured bereby. d~all beoome due and payable tosthwith. or thereaf~er. st the optim oi tatd Mortaa~ee, o fnlly
aud eanpletely a~ if sll of the asid wm~ of mone~ ~rrre ori~uu119 stipulated to be paid oa s~ da7l. a'ythins in aald pranis-
wr~ rote or in this ano bo tbe contrary notw~[thstsnd~n~ , snd thereupon or t]~~reatter. st the op :ion ot the Mo:tgagee,
witLout aotioe or d~wit at Iw~r or in e4nit~?. theretofore ar tl~enaiter b~g~n. a4ay be prweeuted as i! all moneys
' ~ent~d }?enebY bad matured Drior to ib institutwn.
8. Thst if W suit disU be iastitnted to toreclaee or reform this moitgage amVor to enforce pa ent at an~ elaims
v
Aereunder, tLe Yortaasee ~hsli be mtitled to appl~ ~t any time snch suit, to the Conrt havins ~rriidiction Wenaf
for tLe a ~o~ntd~ent ot a Reoeiver ot the mort8~8~ P~Kr snd of snd ain~iar the r~ts. inoon?e,_ prof b. iswes an~ _
reveiwe~pt~ereof irom ~rhstever iow+ee derired. each ard erery of whieh are rxpe~essly awrtgag~i bi~n~s iwstrument; and
k Is bet+eby ezpn~at7 oovenanted and agreed thst therenpon wel~ Court tbsll forthRitb aPPofnt a Baeives oi said mo~
Propertr. and ot all and t1~e reats. inoome. pratits, ~ aad revennra thereoi trom ~rhatever iouroe derived. ~ tbe
wuat P~ees and duties~receive~s in I~s cases: aod sueb appointment s1uU be m~de o a matter of ddct sl~bt to tbs
1[ortaa~ee, and witho~t rete:+enos to tLe idequac~ or in~dequacy oi tbe value oi the W'uPerty hereb7 mortga~ed. or to tbs
aolveaey oz in~olven~ ot tl~e ltortisaois.
8. Tlut 1[ortsalton herebr a~ei~n. trander aad ~et orer to Hort~ases, np to tbe aroonnt d tbe total indeDtednen
secused bereb . sll award~ of damata iu oonaection witL the eo~demaation of any oi aaid pmperty for public we or far injur~ ~
~ to anr p:rt aad t6s piooeeds of dl wch award4 atter payureat of dl rr.awnabb espensa incnrred. includint fea ?
~ tor attornepa nprdentin~ li~rtsasee ia aay prnoeedins Ia wbich uy? a~ch sward is made. ahaU be paid to l[ortiases to be
~ ~PP~ npon tbe Indeb~edaea Mrawdes In a~ maaoer a~ liort~a~ee may deet~.
` 10. Tiut tlms b o~ ibe eaenoe of this oontract and no waiver ot auy obtie*tion hes+e~nder or a2 tbe oblisaKon iecured
~ 1?ereb~ ~haA at w time tbereattes be beW to be a waiver oi tbe terais bereot os oftbe note iecared hereby.
i 11. WItlwut aiteetin~ tbe liabilit~ oi any person (ot1?er than aTqr pe~son rele~red pusuaut hereto) for pa~t ot
s anr 1~debtedaas ~ee.vned beneb~, aad witlwut diectir~ the prioritl? or ast~t of tbe li~ bereo[ npon aa~p not speei.
fieaUy nleased pyrw~ani hereto. Yortaagee may at any time and irom time to time, wit}wnt notioe and witlw~~t
l~nitatioa as
to ao7 k~al ri~Lt or pri~Ilere at ltort~aaee:
~ (a) Rdeass aay per~on tlabk !or paTn?ent of aar indebtedness ~ecured hene+b~: (b) Sctead t6e time or a~i+ee ~o
slter tl~e teran of paynx~t a~ ~nr of tbe indebtednw; (e) Accapt additim~l ~ewtiiy of an~r hind: (d) Beleue ~ny P~Pe~7
_ ~eeurins tbe indebtedaess; (e) Canent to tLe u+eafioa ot any eaaen?ent on or over We ~nva or any ooven~nts ratr+etinR
~ ~ a~e or ooeaywcy tl~+eof.
' 1L To dul]? Pertorm, eompl with wd abide b~ acD aad ererp the atipulatioa~, eonditionr ud oorenaats in aaid P~-
~ : Inort pot~ aad in tWs awrtsap ~et ~oetb.
; 1'. As addltion~l ~eenrfty tha YostR~on do henby trander. ~a~a aad set mrer to tbe aid 1[aart~a=ee, its suooea . .
~ wn ~ ad8m. say ~od all eest~ now due, or to beoome~, on t1~e above de~eribed ptemi~es or aay ~eparate rental premi~s~
" tbereto. ~rbieh are sitnsted o~ tl~a land abore described• snch renta to be oollected by or st the direction ol tbe
~ l~~~it~ a~ocmors or iusilRu. aud ebe net pmeeed~ tbercot to bs applkd to tbe indebtednas hereinbetora aeene+ed. a~ aad
_ rhen~~iame shall beeome d~e and Dsyable: ard tar tbe parpwe ot earryiua out this prnvision the 1[ortssgoa do by thae
' preaeAt~. eo~nsiitote aad appoint ~sid 1[ortgatee~ or tbe a~eaessors or usi~ ol ti~e dd tiort~ee. a~ Lis. her or tbeir trw
~ I and lawtul attorney-ia-faet. to eolket ar~y aud aU renta for a~id abo~e de~cdbed P*~. ~preulr antbosi:iMt the llort~a-
~ee ar ib weee~s or a~si~ to reoeipt teau?b theretor. .nd do b~ tLe.e prdents ,stitr a,d oontina any ,~nd ,~A ,~er~ ot
~ ! said sttoraey-ia-inct ia relatwu to We foreRoins puwer.
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