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t~As deRcieaa~. 8uchp~ym snL ~haU be aw?de wit,hia thirt,~ {30~ d~ atter writt~eo aotios Irom ths Moctgsae~
~t~tang the wnouat oi tbs deRaeao~, which aotice may be ~~~en b mail. It aqT t,ims tLs M
~ sh~ll teuda~r to tLs Mortgages in sooordonoe wit6 the provisaa~ ~tl~e nots ~ecured hersb~~ iull p~~en
of tAe entiro ii?debtednee~ repraented thereb~~ t~hs MortgaQes a~ tru~tes ~ha11~ ia oomputin~ t~hs ~anoua~ ot
~uch indebLednee~~ credi~ to the woouati ot ths Mor~r ~r credit b~lanos under ehe proviiiow
oi qt eaid p~e~r~graph Z. I~ thers ~hall bs a det~ul~ nader any oi ths provi~io~ mort~a~e resultiag .
iA ~ pubGc eale oi the pa~enaises oovered hereby, or it the Mort~ages ~oqwra tbe proper~y ot-h-irwise attsr ~
dei~?ult~ the MoXtg"2~~-i?s ttustes shall applp,~~ tlis tame ot tbs oommenceanent of such' prooeedings or at `
t6e cime the pra~erty ~s ot6erwise ~oquired~ tha ~?rnount thea romaining to credit oi Mortgagor under (a) of
pan~raph ~ preceding ae a c~redit on the interest accured and unp~id aad tha balance to the principul then .
rema~ning unpaid on stid note. ~
4. Hs wW par all ta~oe~„ ~eeeanment~„ watee rat~. snd o~6ee~ova~amenW a muntoip~l chaeEe~. 8ue~„ or
itnpoe[ttons„ ior wb[ch prov~aion !ur not be~ mads ~+einbefors~ aod ia detwlt t6nreot ~Ls Morti,aaee m~Y P~Y ~ ~
•ms; aad that bs wIl! p~e~ompl~jr deltvee tbs o~dal reoeipts ther+etar to t6s Morta~e~a .
6. 8s ~rill perwit, oommit, oe aRee no w~ts, impairmea ot deterloistlon ot m~id pe+~pert~r oraqy par~ thenot .
e~coept ra~eo~n~?ble wear ~nd tear• and in fbe eveat ot t6a f~ ot tbs Mortpaor to keep the buildin~ on aaia
premises ~nd thuse to bs erecte~ oa aid premi~es, or ia~proveauab thereoa, ia ~ood repair tbe Mortg~gee may
make such repaies as ia ~b diecntion iti may deem neoeseaey foc t6epro~r pe+osarvat~oa tbe~+eo~~ and the tull amouni
ot a~ch and every aieh p+?ymeat ~hall bs dus aad PRYabb tbief,~? (30) d,y~ atte~ demand, and shall bs secured by
i1?s liea ot this mort~s.
d. He will pay aU ~nd dn~ular the oost~ and esPeosa, includin~ ra~sonr~bb Lwye~~ fees, and oosv
~ ot abstracta ot title. iacute~ed ot p~id ut aqy time
t~ortg,a6ee beeau~e ot tbe failure on the part ot the Mortga~e
~ ; W'~P~Y i~ !o partatm the ~ab ~nd aoveaaat~ of a~id pamiesory note and tbid mor~e
, wd eiid
E ~ ooeta,? ch~ges, an ea~pensoe eha111~s immediateb? due und pRy.ble and ~ha11 be eecured by the lien ot tLiu mort~y~s, .
' 7. He will o~atiauoua~ muintain h~sard insunnoe, oi wch typs or types and au?ounts as Mortg~ges m~
~ trom tims to time requirs, on the ianpro~ements now or hst+~eatter on ~aid preanises and excepti whea poymen~
tor all such premiums Laa theretoiors been made under oi pangcaFh Z bereot ~s MiU pay promptly w?hen
~ dus an~ premiums theretor. All insw~aos ahall be carried ia companies ~pprove~ by 1?i ctga~~ ~ad t6e po4-
cies and rene~rals t6ereot ehall be beld by Mor`gagee ~nd L~ve att~ched thereto lose payable cTauses in i~vor oi
~ and in form aa;eptable to We Mo Ia avent ot Ioee he wiU give immediats notioe by m~il to Mortgagee~
' and Mo~~ may make prooi~~ if not msde ptnmpt~y by Mortgagor. aad e~cL insunnoe compan7
; acaoernedis-hereby~ wWori:ed and diracted to m~ics p~yment for such loos direc~y t~o Mort$agee instesd oi
; t~o Mortgegor and Mortgagee 'ointly,~nd ths insurauos P~~, ~U? Patt there~f m~y bs apF7ied by 111or~
~ ~ag
ee ite option either to ~e reduction af tLe indebtedness hee+eb~ ~ecured or to t~e restonteon or re
the prnpert~ dama~ed. In event oi for~eclosure ot thi~ mo or othar 4~anxter oi title to the mortg
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pin eztingu~shmeut oi the indebtednees eecw~ed hereb~ right, title, and iat~eres~ oi t6e Mor t
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8. He will not ezecute or 61e of ~record aay inatrument ~vluch impoees a testriction upon t,~e sale or oocu-
~ pancy oi the property described herein oa the baeis oi nce, r,oler~ or creed.
~ 9. If the premisee, or any part Lhereof~ be condemned under the potver o! eminent domain, or soQuired
~ tor a public use t~he damages awarded the proceeda for the of~ or the oonaideratioa for such soquisi- . ~
tion, to the extent of the full amount oi the remaining unpai~ebtednees eecured by this mortgage, are
I hereby assigned w the Mortgagee, and 6is heirs or aeaigna~ and ahall be pnid forth~vith to esid Mor-t~agee
or hia sssigaee to be applied on account of the lusL m~~wing inetsllments oi such indebtneas• provided,liow-
ever, the Mortgagee or his assignee, may ~t hia diecretion pay direct to the Mortg~gor, Lis ~eire or asaigas ;
any part or ell of euch award; provided, thst if the loan is guar~nteed or insured, the oonaent of the guaran-
tor or weurer is obtained in advance of ssidpa
yment. ~
10. The IViortgagee may, st any taTne pen
id ng a sui~ upon this mort~ag~e ~pply.to the eourt }uving jurieclic-
tion thereoi for the appoint~meat oi a rec~ver, aad such eourt ~hall fort~iirwnt~ ~~?pomt a raceiver of ~he premiaes
covered hereb all and ' ~r includia~ sU aad siagular tLe '~noosne
Y, ~8~ ~ , profita, usuas, and reveaues icom whst-
sver eource denved, each and every ot w}uch i6~~~ espnaaly undentood is hereby mortg~ged as if ~pacifically
~et forth end desenbed ia the graating an~ habeadum elawes bereof. ~uch ~ppointment shall be made by
such court ae an admitted equity and a matter oi absolute right to said Mortgagee~ ~ad without refereacs to
the ~dequacy or insdequrcy oi the vslue oi the property mo~tgag~ed or to ths wlveacy or uuolvency of eaid
1 - Mortgag~or or the defendant~. 3ua6 renb pro8ts, inco~e, wue~. and revenues ahall bs ~pplied by such receiver
{ according to the lien oi this mortgage an~ tLe practios ot such oourt. Ia tLs even~ oi aay defaul~ on the psrt
of the Mortgagor hereunder, tLe Mortgsgor a~ree~ to p~y to the Mo on demaad M a reaeonable monthlv
rental for the premises m amount-at leut equivalent to oae-Lwelfth oi tbea~r~a
te oi tbe twelve moathly •
inet~llmenta psyable in tbe then curren~ year plus tbe octual amoun~ ot tbe anaual taaa~ ae~e~smeats, w~ter :
i r~tes, i?nd insurance premium~ tor such year noL covered b~ tbs doraaid montbty payments. ~
~ 11. In the event oi uny breach ot thi~ tnortgags or defaWt oa tbe part oi tLe Mortgag+or~ or in the event :
thst any oi said ~um~ oi monsy henin refenbd to be no~ pmmptly and fully paid~~~ to ths tenor hereof
or ia the evetit that each and every tbe sttpulation~, agreemeata oonditiuns~ and boven -inta oi said note sn~ ~
Lhia mortgage~ ~re not duly~ promptly, and fully pertormed or ~ the Mortgagor be adjudicated banl-rupt or
made detead~nt in a bankruptay or receive~nhip pmceedingss then ia eifher or any such event, the said aggre- .
gate sum mentioned in said note then rem ' aapaid, w~tb iatereat accrued to tLat t;~me, ~nd all money
eecured hereby ahall become due and p~ysb~orthwith, or thereafter, at the option oi said 11iortgagee, ~a
fully and comp~etely as it all the said swna oi money were originulty stipulated to be paid oa such diy~ Rn,r-
thing in said note or in this mort~age to tbe cantrar~r notwitbstanding; and thereupon or theresfter, et the option
of seud Mort~ag~, withont notace or demand, swt at la~? or it? equity, may be pm~ecuted as ii all monevs
eecured hereby ~sd m~tured prior to its institution. T6e Mo~sgee may foreclose this mortgsge, ss to tbe
amount ao declared due and p~y~ble, iund the said premises ~haU euld to satiaty and pap the ssme tog~ether
with coste e:penses~ and allowances. In case of puti~l foreclosure of tl~ie raostgage, tLe mortgeged prera~ses
shall be so~d eubject to the coatinuing Uen ot thia mortg~e !or the amount oi the debt not thea due sad i~npsid.
In such case the provisions of this pu~r~ph may a~a~a be ~vWed oi thereaite~ from time to time by the
Mortgagee.
12. No w~iver of any covenant herein or of the obUgation ~ecured bcreby ah~?ll ~t ~ny time thereefter be
held to be a waiver oi tha terms hereof or ot tbe note ~eeured hereby. ~
13. The lien of this insttumeat eLall semain in tull force aad eHect duting ~ny postponemeat or extension
of the time oi payment ot the indebtedaeM or ~ny part thareot ~ecured hereby.
i ge
14. Thi~ mor a is given to secure tbe purcha~s moaey, or a put thee+eol, of t~e lueds henia described ~'a
and is ezecuted aa delivered cont~emporaneoualy rrith tbe deed thereior. • .
15. If the Mortgagor def~ult ia ~ny of the ooveaants or ~greements oontained herein, or in wd twte, then ~ ~
t6e Mortga~ee may pertoran tLe a~me, and all ezpeadituns (including n~son~ble ~ttoruey's faes) m~de by the ~
n
Mortg ~a eo dou'~g sh~tl draw iaterat aL the r~le
pruvided for ut tLe principal indebtedaMS. aad ahall be C~
npay
_ab e t~hirty (30) daps dter demaad, ~ad, togetLe~ witL iaterest wd oab aocrued t6ereon, ~6a11 be ~ecur~ C~~
b~ this mortgaga.
18. Upon ths reques~ oi tbs Mor~g~ tbe Mortg~gor s6all asecuts ~ad ddivee a wppteauntal note ot
aote~ for the sum or suau advanced b~ efie Mortgsg~ee lor the alterat3on. modernisat~ion, impt+n~emcnt, main- ~
tea~aoe, or repsir oi s~id premiees, tor t+?xa or ae~e~neab against tLe sarae and toc an~ otLer.purpae ~uthor-
ised hereuader. 3~id note or notes aL~ll be secured bereby on ~ parit~ ~?ith and as iull~ u it the ad~~aos C''~ ~
e~idenued tLereby v?ere included in tbe note 6nt deictabed abo~e. S~id supplement.al rw~e or note~ shall beu ~ ~
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