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And f~'sd Mortypws. ta rhems~ivss ~nd ih~ir Mirs. I~q~l r~pr~Nntatir~t, succi~so?a and suiyns, hereby jolntl~ and s~wr~iiY coven~nf ~r+d prM
to ~nd with tM sa~d MORTGAGEE, its su<c~ssors •nd •ssi9n~:
l. To p~y all ~nd sinyular the prirxipal and int~r~s? and th~ variou~ and ~undry sums of moneY paYsbl~ by virtw af taid ptomi~wry no1~. ~nd fhl~
mortype, e+th ~nd av~ry, p~omprly on th~ d~ys resp~ct~v~ly tt+~ ~arrH t~v~rally trscarw tlw.
2. To p~y •I! and •ingulu rhe taxea, as~sstm~nt~. I~vies, li~biliti~~. obli~atiom ~nd encumb~~eKN of ~w.ry ~tvre ~nd kind now oe~ a~id d~wiMd
p~o{»rty, a th~t h~r~+ft~. may bf impoa+d, fuff~r~d, pl~ctd, I~vied, or ~a~sad N?~rwn, w tMt hasaftN may b~ I~v4ed a as~+sfd upa? thb Mor~
p+, w tl» (r?dsbtedn~u ~ecurad iuraby, ~~ch •nd w~ry, wFwn du~ ~nd payab~~, accordinp ro law, b~tw~ tlwy bec«ne d~lirqwnt, snd b~foh My fnhna
•nscF»s ot ~ny pen~lty is inc~ned; AND INSOFAR AS ANV TNEREOP IS OP RKORO 1NE SAME SMAII EE PROMPTIY SATISfIED AND DiSCHARGfD OF
RECORD AND THE ORIGtNAI OFfICiAI DOCUMENT (SUCH A5. FOR INSTANCE. THE TAX RECEIPT OR TME SATISFACTIQN PApER OFfICIAIIY ENqORSED
OR CERTIFIED) SHAIL BE PLACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENl, •nd in tM awnt that ar+y ihK~of ii not
paid, set~~fi~d s~d distharged ~a:d MORTGAGEE may at any t~me pay tht i~~ or a~y part tFw~wf withwit w~ivEny w~ffsctiny any optio~, lifn, puity or
~iqht undK or by virtue of Ihi~ mortgage and the full amuuM o( t~tfi and wewy ~uch p~ym~nt fha~t be immed'+atsly dw and p~y~bl+ ~ed ih~ll bN~ iMa~p
from the d~t~ thereof until paid ar r~se of ~ipht per centum per •nnum ~nd toyt~h~r w~th wch intNest ~n~ll be sec~r~d by 1M li~n of th:~ morql~q~.
To pba ~nd ca+finuwnly kNp on tM bulldin~ now w h~r~ahM ~ifw1~ en s~k I~ed snd on all pulprn~eN ~nd p«tons~ly eov~r~d by N?k ewrfp
p~, with Nt pneniwn tMrra+ paid in full~ fin inw»he~ in tM wwl au~+d~?d polity form, in a~um approwd by tlw MqRTGAGEE, and wlndstorm
irru?~e~a M tM vswl tt~ndard po~iey f~rm, In ~~um ~pprov~d by th~ MOR1'GAGEE, in weh eomp~ny w eomp~niN M tM A10RTCaAGEE may
dkxq N+d dl fir~ snd wir~twm inwnncr polici~s on ~ny of N~tI b1ltWiflO~. ~y interest i1?~nln w E»rr th~r~of, in th~ pyrpat~ wm ~forewid a
M~xpp tlw~of, sh~11 cunt~fn tM vau~l itandard matqeqN cl~ua w tucF~ oth~r clwN ~i tM Malpagw m+y rpuir~, mski~p tM la~s w~d~r w~d po1~r
ci~e, Nth a?d w~ryr. p~Yabl~ to wid MORTGAGEE ifr inferet4 m~y app~u, ~e~d e+ch ~nd ev~ry tuth policy shall bs prwnptly ~u.9nsd w+d d~iivsr~d fo
~r+~r Mld by ~aid l1AORtGAGEE u furtMr security to ~aid mw+pape d~rbt, ind, nat Iqt tMn t~n (10) days In ~dv~nc~ of tl,~ sapir~tior+ of rash paliry, m dr
Iiwt to s~id MORTGAGEE • rs~ewal thoreof, royrlMr with a r~ctipt fw ti~e pnmivm of such r~~w~l; ~nd thsr~ sh~tl b~ no fir~ or wind~torm inw~anc~
plae~d on ~ny of Nid buNdinps, ~ny intaess M~nin w p~rt th~rwf, ~nl~~~ In th~ form and w~th tM ~oa p~yabl~ u~twesaid; ar+d in tM ~v~nt ~ny wm
oi m«+ey b~cwnM p~Wbl~ und~r wch pollry or policia~ tafd MORTGAGEE sh~ll Mw the option to raceiw ar+d •pply th~ wme on accou~t af tM ind~bt~
r+~aa wcuhd ?Nr~by pr to pfrmit uid MORTGAGC?RS to recsiw srtd uq l+ cx •ny psrt thereof for other purpoies, withaut thereby wsiviny w imp~ir-
{np ~v+y ~quity, li~n a riyht undk or by virtw of thii mwt~~y~; ~nd i~ t}w ~vent aid MORTGAGORS ~MII Fw •ny r~~wn f~il to k~ep th~ Nid pr~mia„ w
Inaund, or f~il to d~llver promptly ~ny of aid polici~s of insur~nu to said MORTGAGEE, w f~il promptly to p~y fvlly any prsmium 1F»rafar w in ~ny
r~~pM fsil 1o prrfwm, dixhar~, •x~cute, •ff~ct, tomptet~, comply with and ebtdt by thii tovenant, or any pert hereof, said MORTGAGEE may plac~ •nd
pay fw ~uch Inturant~ or ~ny ptrt ttxr~of witiwut w~ivinp o~ •fftttinp ~ny option, lian, equity, or :iqht und~r w by virtu~ of thif Mat9ps, snd t't+_
ivll ~mount of t~ch ~nd every such psyrr~eht ~hall be imm~d~~t~ly dw •nd p~y~bl~ •nd thsll b~ar Intere~t from the dat~ ther~of until paid at ti~ ~si~ of
nirN p~r c~ntum per annum ~nd togetMr with s~ch intcreit ihall be ~ecured by tha li~~ of ihie mortyp~.
4. To p~rmit, commit or a~ff~r no w~stt, Impairrrknt or d~tarioration of ~aid prop~rTy or ~ny paA th~reof.
S. To p~y •II snd ~inpular tM casb, charye~ snd expens~s, includinp ~ r~~son~bl~ ~ttorn~y'~ ft~ ~nd co+~rs nf •b~tr~c» 01 tttl~, inturnd or p~id ~t
a~y tim~ by Mid MORiGACrEE, btause w in the avent of 1M fsilun on th~ ~ert of tl+~ ~aid MORTGAGOR ro duly, promptty and fully perform, discharyw
~x~cut~, eff~ct, canpl~te, tomply with and ~bid~ by each ~nd ~v~ry tM ~tipulatio~, ~yrN+n~nts, conditiom, •nd toven~nte of uid promitaory not~ ~nd thia
mortpp~ any or sither, ~nd said cost~, charfle~ ~nd exp~rtses, ~ach and twry, ~MII b~ immediat~ly dw and piy~bte; whether or not tMre b~ noHp d~
rnand, ~tt~rnpt w callict w iuit pMding; and tM full imount of euh and w~ry suth pryment sharl besr interoit from th~ dst~ thereof untli p~id rt ttie
r~to of ni~w pe! certtum pe~ ~nnum; and alI taid costs, ch~rpet •nd sxpenus inturred w paid, toyetFur with iuch infernt, shall b~ ~ecund by th~ lien of thu
matse9~•
G. T}wt (a) tn ths ewnt of any breech of thi~ Morty~g~ or default on t!v paA of the MORYGAGOR, cr (b? in the event ~ny of ~aid wmt of inereey
Mr~in rof~rr~cl to b~ not pranptly and fully paid within thirty (30) dsys next •ftsr th~ i+mr tewralfy k»con:e dua and p~y~bl~, witl+out dem~nd or notiu,
~(ta In th~ swM ~~ch ~nd ~very th~ stipulitiuns, aynem~nrs, condition~ ~nd cowr+ant~ a` ~aid promiswry rwte snd th~~ mortQaqe u+y or tit!»r ~n not
~uly, pranptly ~nd fully p~rform~d, d~scherqed, ezecuted, effected, complated, complied with and abided by, then in •~ther or any ~~th avMt ii+~ ie:d s~
yrpat~ wm mention~i In s~id promiuary note then remsining unp~id, with interett ~ccrwd, ~nd sl! mon~y~ ~atured heraby, ihall bstome dw ~nd pay~
rh~~ fwthwith, or tMr~aher, at tM option oi ~aid lNORTGAGEE. +s futly •nd completely ~i if •II af rFue ~aid sumi of money w~r~ orip~~lty atipviat~d
ro 1» paid on s~ch diy, ~nythinq in sa~d prom~uory note or in thts Mortyage to the contrsry notwith~tendin9; and thersupon or tlier~ett~r at tt+~ aptio~ of
qid MORTGAGEE, witfwut notice or demand, ~uit at Isw or in oouity, therofon a 1Mresher bpun, may b~ protec~t~d ea if ell moneyt arcurd Iwnby
Md matvr~d priw to it~ institution.
7. TMt in tM svent that ~t the beyinniny of or at ~ny time pending iny suit upon thi~ Morfpsge, or ro foreclose h, or to refarm it, or ta +nforcv
psym~nt of any cleims hereunder, wid MORiGAGEE shell apply to the Court h~vir.y j~risdiction thereot for the sppointment of a Receiv~r, ~uch Co~rt ~hslf
forthwith ~ppoint i receiver of aaid mortp~qed property all and tingul~r, includ~np all artd singular tM incomt, profits, is~ua ~nd reve~ues f~om WF1~1fV~F
touru d~iv~d, wch snd ~vtry of which, i1 being sxpreasly undentood, is hereby mortqaped ar if sp~t~fitally sN }orth and dticrib~d in tFa yr~ntinQ ertd
Mb~ndum clius~s Mrrof, ~rrtl tuth Receiver ~hall have •II tha brwd and effactiv~ functiont ~nd powan in anywiie entru~ted by ~ Caurt to • R~uivsr, and
wch ~ppoiMment shall b~ msde by ~uch Court as sn sdmitted equity ~nd • rt+~tt~r of ~bwlute ri9ht ro seid MORTGAGEE, and without r~frrenc~ to e1»
~dpuaty a Inadeqvacy of the value af the property mortqsfled or to the solventy w infolverxy of caid M~RTGACrOR or the defendmts, •nd th~t wch
nnh, profiri, irxom~, iuuK and rovenues ahall be ~ppfi~d by such R~ceiver accwding to tM litr. or equity of aid MORiGAGEE and tM practiu of wch
Cwrt.
8. To duly, promptly and fuliy perform, discharye, execute, sHett, torr~lets, comply with snd abide by each ~nd tvery ths ttipuiatloru, apr~nt~,
conditions u~d covrrunri in said promiuory nots ~nd rhis monqage set forth.
9. That i~ tM e~rent the own~rahip of ehe mortgaqed premis~s, or eny pirt ther~of, bscomes vest~d in e pe~wn athet than ths MORTGAGOR, tM
MOItTGAGEE, it~ wcceasors ~nd •ui9n:, may, without notice to the MORTGAOR, deal with such wtc:ua~ or svccn~sor in intere~t with rrfer~nct to tfiy
mort~y~ ~nd th~ debt her~by secured in the sams m~nn1~ ~f with Mwtgayor without in any way viti~tin9 or~diuhersiny th~ Mostq+qors` !i+bifity hsr?
und~~ a upon the debt Mreby setured. No sale of the pnmisas hrreby mortpeysd ~+id no forbearancs on fhe part of the MURTGAGEE or iri tucuswr~
or pai9ns •nd rw sxtsruion of tM time fo~ the payment of the dvbt her~by ~ecured y~v~n by tho MORTGAGEE of ita •ucceswra or as~i~na, shsli o~:rrst•
rp nt~.~M.~+~j!4FMry~• modify chanye nr •ffect tM arip~n~l lisbility af tM MN7RTGAGl7R Farein, eithar in rvhole u? In p~rt.
1~ It ~4kally rgr~ed th+t time is o! the esssnt~ of thi• torm~d +nd th~t na wsiver of ~ny obliyation hert~nder w of th~ obii9~tivn i~•
;~•~y, p shy tirt~'there~fter b~ held to be • waiv~r of th~ hrmi hereof w of the instrument ucurrd herby.
•y~ ~•;~1~i~'I t~it;etn 9, i~p foreqoing monthty payments of princ psi and interett requ~red 'by the prom~fwry nota secured hcroby, mortqpor cav~nanh
:~~r~ i~,r~.~ p+~'js~p+ort~ipee with esch monthly payment sn edditional aum estimated by mort3.:gee to be equal to 1/~12 of the annu~l cost of ths follow-
1~. ' ~ t ~
~ Mt=i~'Trs(;prbpirty hxes iwied or ass~sed against ti~e sbove deuribcd real eitate.
B--Prerl+iurt+r on: fi[p ~hd wind~tarm insurance a~ hercin requ:red to be urried on fha improvements sit~ate on th~ abovt described premisss.
I~' ~-~r~w ~ tiJc,fs' e~qrtyaye yuarenty in~ur~nce a~ mortpsyes ~hall fram time to time drem fit to carry on the lo~n ~scured h~reby.
-i` x~ ~h.' .
••J4loitpaysq,ifia111Erdm tim! to time notify martpapor in writiny of th~ ~mount dua and payable hereundn ~nd tuch eum th+ll therwpon be dw and
p~,yjhit sj~t•fl{5 ~d~•lS+~i` of• tfvs next monthly paym~nt snd ~ach ruccnsiw month ther~aher ~ntil monga9ea shell notify mortgsyw of a th~np~ in euch
~rr~ouJN ~~bh~,iT~sl~ be appl;s~ by mortgafle~ towerd tl~e paymsnt of rtsl p?op~rty taxas, i~~ur~nce premiuma, and mortgag~ yuaranty insurenc~
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!N WITNESS WHEREOF, ttw seid MORTGAGUR ha~ he~wMO ~f ~pd tM dey and y firft •for id.
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