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' th~ itf~ficic~nr~~. ~u~~f~ {~:?t•ui~~iit ,li~il! l~t~ cu~?~f~~ ~~~itf~in thirt~' t;sU) ~ln~~s tiftc~r ~•ritt:~~i ~~otirr froiu th~• 11ort,•a:,*c>~.
stntiu~; the Hn~ount of tji~~ ~ieficienr~~, ~~Lit•i~ uotice uix~•~ b: ~;i~•en b~• ~uniL If ~~t :in~• tinie tlir \Iort~;a~;or
~ti~~l tetider to t}ie \lortra~ec~ iii eii•~~or~inuce W-ith thg pro~~i~to~u? oI thr note .~~~•ure~1~ hc~reh~~, tull pKyi21e~it
of tht~ c~utire in~iebtcdnes., re~prt~sente~ii thrri~h~~, ttt~ vlort~~ri~;c~t~ K~ trustec~ .Irnlt, in ~•oniputin~; thc~ ainaunt af
~ suc~}? indet,teclness, credit tc~ t1?c~ x~~coiint of tht~ ~lort~~aror iiri~~ ere~iit balti~i~•c~ r~~wKiniur I1111iE'r th~~ provi~ioii~
~ of (a) o[ saici para *raph 2. there sl~all bc~ x defau~t un~ie~r an~• of the pro~~iyions of this tuort};are re3ultin~;
in a~uhlic salN a~the pre~nises ro~•Nrt•d hcreh~•, or if the ~Sort~N~ee a~~quire3 the ~~rofaerty oth~rwise aftet
~tefau~t, the ~Iort~a~;ee ns trustee sliall ttppl}~, at the tiuie of the ronune~~cpii?ent of such proceedin~ or at
the tiine the propert}• is otherH•ise rscquired, ihe amount then reinainin~; to credit of ~tortga~;or under (a) of
para~rsph 2 preceding as a credit on tlie intereat e~ccured und unpaid e~nd the balanct~ to the principal then
remsining unpaid on eai~ note.
4. He ~vill p?y a11 ta?se~, ~ese~smenb~ wster rauw, nnd other ~overnment~l or municipal ahu'See, Sne~, or
~rngodtion~, for whioh proviedon he~e aot beea made hereinbefore, aad !n default theraof the Mort~agee m~y p~y the
~rme; and t~hst he rrrill promptly daliver t~e offioial t~oeipt~e therefor to the Mortgag~e.
!f. He wW permit, oommit, or en~ar no ~vaa~te, imp~?irment or detertontion of eaid property ar sny part thereof
esoept re~sonuble wee?c aad tear; aad in the event of the fai~uro of the Mortgngor Lo keep the buildinge on eaic~
premisee and thoee to be erected on esid premieee, or impravementa thereon, in good repair, the Mortgagee may
mslce such rep~i:e aa in ib disaretion iL ffisy dec~ nec~eeeary for the gmper preeervatio~x thereof, aad the full amount
nt each and every st~ah psyment e~h~ll t~e due and psyable thirty (30) daye after demand, and ahall be eecured by
the lien of this mortg~ge.
6. He will psy all and eingulsr the ooata, chsrgee, and expeneea, includi~g reaeonable lawyer's fees, and coeta
of sbstrect~ of Litle, incurred or paid at $ny time by the Mortgagee becauee of the failure ou the part of the l~fortgagor
ot~amptly and fulty to perform Lhe ags~eementa and cavenants of eaid pramieeory note and this mortgage, and said
~~'8~, abd exPeneee eha11 be imn~ediately due and payable and sha11 be eecured by the lien of this mortgage.
7. He will oontinuoua~y maintain hazsrd insuranco, of euch type or type~ and $~nounta as ~fortgage~e mey
from time to time rr~qttire, on the improvements now or hereafter on said premises ar~d except when payment
tor all such prewiume hae theretofore been made under (t) of paragraph 2 hereaf, ~he will pa~ promptly wheu
due sny premiuma therefor. A11 inseirance shall be carried in compsni~ npproved by ?1lortgagee anc~ the poli.
eYee and renewale thereaf shall be held by I4iortgagee and heve sttached thereto los$ payab.e clauses in favor of
and in form scceptable to the Mortgagee. In event of lose he will give immediste notice by mail to ~iort~ggee,
and Mortgsgee msy maice proof of tosg tf aot made promptly by Mortgagor, and each insurance company
oonaerned is hereby~ authorized and direct~d to make pay-z~aent for such loas diractly to Mortga~e~e instead o!
t~o Mortgagnr snd :~Iortgs~gee ointly, and the insurance proceeda, or eny part t.herei?i, may be applied by biort
gagee gt ite option either to t~e reduction of the indebtedneas hereby eecured or tc~ tbe restoration or repair of
the propert~ dama~ed. In event of forecloaure of this mortgage or other transfer of title to the mortgaged
property in extinguishment of the indebtednese secured herebp, afl right, title, and interest of the ~lortgagor
iu and to sn~ inauranc;e policieg then in force shall pasa to tha purchesar or grantee.
S. He wilt not exQ~ute or file af recorci an~ instrument which impos~s a restrictiuu upvu tlie sal~ or occu-
panc~ of the propert.y described herein c~ri t.he basis oi race, color, or cree~i.
9. If the premi:~es; or an~~ part tt~erf~of, be condemned under the poKrer of eminent dotiittin, or acq~ired
for rz }~ublie u~e, tlie dania~;es a~~-arded, tl~r proceed~ for the t.nkirig~ of, or ttie consideratioci for such acyuisi-
tion, to the extent of thc full amount of the remainin~ unpaid indebtedness secured b~- thi:~ mor~tgage, are
~~t~r~~b~- assi~ned to thN lfortgagee, anci his heirs or Qs~ig~~s, and shall be paid forthwitt~ to s~id Mortga~ee
or tiis assignee to be applied an account of t~e last maturing installmcnts of such iudebtnese; providFd, how•-
erer, the ~lortg~gee or hi~ assignee, ma~- at hia discretion pa~~ direct to the :~fortgagor, his heirs or assigus
an~~ part or all of such aH•ard; provided, that if the loan is ~;uaranteed or insured, the coi,st~nt of the guaran-
tor or ~vsurer is obtsuied in advance of said pa~•ment.
10. The ~lortgagee may, nt any time ~ending a suit upon this mort~age, applti• to the court }~n~~in~ ji;ris~lic•-
tian thereof for the appointment o~ a recet~er, and such court shall fort with appoint a recei~•er of thc premises
covered herebv all and singular, includin~ all and singular the income, profits, issues, and reveniies from ~rhat-
ever source derived, each and even• of w•h~ch, it bein~ expressty under~tood, is hereby murtgaged as if specificall}•
set forth and described in the granting and hebendum clause~ bereof. Such appointmen! s}?all be made b~•
such court sa an admitted eyuity and a matter of absolute right to said ~loregagee, and w•ithout reference to
the adequacy or inadequacy of the calue of the praperty mortg~ed ar to the solvenc`~ or insol~•encv of said
~1ortgagor or the defendents. Such rents, pmfits, inc~me, issues, and re.venues ahall be applied by such receiti~er
according to the lien of ihis xnort~a~;e and the practice of such court. In the e~•ent of any default on the psrt
of the ~lortgagor hereunder, the ~tortgagt~r ~ees to pay to the ~iortgagee on demand as a reasonable monttil~~
reP±Rl f~r ihe prPmirPa an amc,unt st l~ast equi~~alent to one-tweifth of the a~;gre~ate of the tw•elve monthl~~
~ installments payabte in t}ie then currecit ~•ear plus the actual amount of the annua! teses, xss~5sments, w•ater
rates, end insurance premiums for such year not covered by the eforesaid monit~ly payinents.
~ 11. In the event. of anv breach of this mortg~e or default on the part of the ~fortgagur, or in the event
that anv of said sums of mone~- herein referred to be not promptly and fuily paid according to the tenor hereof,
or in tlie event that each and~e~•ery the stip ulatione, egreements, conditiuns, and covenants of said note Rnd
thi~ mortgage, are noi duly, promptiy, and fullv performed or if the ~lortgagor be adjudicated bankrupt or
made defendant in e bankruptc.y or receiverahi~~proceedinga; then in either or eny such event, the said aggre-
; gat~ sum mentianed in said note then remaining unpaid, with interest accrued to that time, and ell mone~•
~ aecured hereby, ahQll became due and payable foriha•ith, or thereafter, at the uption of said 01ortgsgee, as
! fully and completely as if all the said sums of money were originall~ stipulated to be paid on such da~•, an~~-
' thing in said note or in this mort~ege to the contrary notwithstanding; and thereupon or thereRfter, at the optior~
! of as~d tiiortga~ee, w:thout notice or demRnd, suit at l~sv or in equity, mav be prosecuted es if al! mone~•s
secured herebv ad matured prior to ita institution. 'I'he ~iortgagee mati~ foreclose this mortgage, as to t~e
amourit so declared due and pa~~eble, and the said premiaea ahall be sold to ~atisf~~ and pay the same to~ether
u-ith coets, expenaes, snd allowances. In case af partial toreclosure of this mort~ege, the mortgegeti premises
ahall be sold subject to the continuing lien of this mortga~e for the amount- af the debt not then c~ue xnd i~npaici.
In such case tha proviaiona of this paragragh may agaul be availed of thereefter from time to time bv the
ASortg~gee. `
12. ~,'o w~aiver of any co~enant h~rein or of the obligation secured herc:b~- shRll at an~• time t[iFrtNfter be
held to be. a waiver of the terms hereof or of the note secured herebv.
13. The tien of this instrumenr shall remain in full force and effeet dzxrin~ anti~ ~;ostponement or cxtension
of the time ~f payment of the indebtednesa or eny parL thereaf secured hereby. ~
t4. This rnortgage is given to aecure the purchase money, or a part; thereo~, of th~ lands he:ein described ~
and ia eaecuted and delivered contemporaneouslv with the deed therefor.
15. If the ~lortgagor default in any of the covenants or ageeementa contained herein, or in said note, then
the Mortga~ee may perform the ssme, and all expenditures (including reasonable attorney's fees) made bv the ,
tiSortgagee ~n ao doin ahall draw intereat at the rate projided for in the principal indebtedness, Rnd shall be
repayable thirty (30j ~ays after demand, and, together ~-ith interes4, and costs accrued thereon, shAll be secured
by this mortgage. ~!'j
16. L'~on the request of the. .Liortgagee the ~fortgagor shall execute snd deliver a supplemental note or ~
notes for the sum or sums acivenced by the :~iortgagee for the alteration, modernization, improvement, main- ,K
tenance, or repsir of said premisea, for taxes or asseasments sgainst tha same and for any other purpose autlior-
ized hereunder. Said note or notes shall be secured hereb~~ on a parity w'ith and as fuliy ss if t1?e ad~-ance eaao
evidenced thereb3• w-ere included in the note firet desrribed above. Said supplementel note or notes shall t~ear