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d. Topa~ a11 and ain~u~la~ the co8ta, char~ea and sxpensea, i~ectudin 1a.w~/e~'s
fees, raaao~cil.y i~ncurred or paid at cr,ny ti~na b~ said Jlfort~a~ee because o~ fa.~ure ;
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on the pa.rt of the said .hiort,~a~or to perfornz, comp~ wath and abid,~ ~ ur~eh awsd
ever~/ th,e atipula~tions, conditions and cvvenacnts of ea' promr:ssor~ note and this deed,
~ or eath,ar, a~nd every such payment dha~lt bear interest frnm date at the racte of eix
(696~ Per eent. per annuan. ~
4. To keep the buildin~ nota or henafter on sa~d la.»d insu.red in a~ sum not lesa
ta+~an 81ght Thousand ($g, 000.00)--- ~~'S. in a compan~ or co~repanies to be
apprnved by Said Mort~m~ee, ar~d the policy or polieiea held b~/ and pa~/able to said
.hfort~mgee, aud in ihe svent any sum of m,one~ becomes ~ayable under such polae~/ or
policaes, the Jlfort~a~ee shall hava t/ie option to receive a.nd acppl~ the xa~ne on account ,
_ of ths indebtedness hereby Fecrired or to pernzit the .hfort~it~or to ~ceiva and usa it, or ~ s
. u,ny pa,rt thereof, for otlter purposes, without theneb~/ w~aa~~n~ or i~rcpairing an~ eqicit~ ;
~ l~en or ri~ht under or by virtue of this mort~a~a, arrd n:ay place and pa~ for such f
~ i.nsurance or any pa,rt ther~eof, without w~aivin~ or cc~fectin~ the option to joreelose or ;
a.~y ri~'ht hereunc~er, and each a,nd eaery such pa,yment sJcal6 b~ar ir~t.ereRt fro»~~ d,nte -
at the rtiate of aix (696) per cent~ per craanurn.
~ 6. To perniit, corrs~rait or Suffer rw waste, irropcr,irnaant or deterioration of suid ,
p~,operty or any part thereof. 1
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6. ?'o perfornz, corriply with and abide by ea,eh and every tha s~tpulation8, a~,~r~ee- r
~ ~nents, cond,itions and covena~nta in aaid prom,i88ory note and in this deed 8et forth.
~ If away of aaid suma of mon~ herein referr~ed to ba not prn~nptly and fully pcaid
urithi~t thirty _(30) c~ebs next a~er the sarne severnlly beco~ne due ar,nd able,
or sf ea,ch and every t~he stipula~tions, ccgreaments, condition.s and coaenants
o~said
; prom.~ssvey note cr,nd this deed or either, ar~e ~ot dul~ perfornud, corriplied wi,th cand
; uGbided by, ~he said ag~re~'ate su~n mentioned in scud promissory riote shar,ll becom~e
, i dua ar,~d por,ya,ble forthwztla or ~hereafter at the option of the .]Ifort$agee a,s full~ a,~d '
~ ~ co~npletely o,s if th~e said c~~gregate surri of Seven Thousand Five ~undred and
I r~o/ioo sao. oo~---~~'8 ~ ori~naclly stipulated to be pactd on such da~, -
i a~n~ything zn said promiasorb note or lurein to t,lce contra,ry not~a~tleatacndin~ ~
I 8. The JKortgagee mo~, act any tirne while a~ suit is pendin~ to for+~close or to raform
~ tlais mor.t~c~ge or to e~eforce an~ elaims a,rising hereu~tder, apply to the court ha,ving
' jurisdiction thereof for the ctppointment of a~ receiver, a,nd such court shu,ll forthwit-h
appoint c~ receiver of the pr±emises and all other prnp~erty cm~ered here by, includin~ a,ll
and singular the income, prnfits, nents, issue8 and revenuea frorri wlrater~er aource de-
; ~ rived, and Such receiner Sha,ll ha,va all the broad and effecti~e funetions an~ pou~era in
~ a,n~raise entrusted b~ a court to a recgitieracndguch ccppointm,ent shacll be ~nade by aucli -
court acs an udmitted equity and a rna.tter of absolut,e rigkt to sc~id Mort~m~ee, a.nd
. w£thout reference to the cLdequacy or inadequacb of the nalue of the property mort-
='=gdged o~~o the solvency or zn,solaency of Baid JKortga~or or the defend,ants, aacd sucla
zncome, ~profits, reretS, issues and revenues shall Le~ appliec~ by auel~ reeeiver aeeording
~ ~ to the tia~ of this mortgage and the pra,ctice of such courE.
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; . ~n WitT1e88 W~lel'+80~ tl~a toid JI[o~t~ajor her~u,nto ae~t hia haauL cr,r~d
' scctl the daH and year ~lrat abo~ writt~s. -
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