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fines, or impostt~ons, for ~~•hich ~~ro~•ision has not been ma~le hc~reinbefore, and in defauli therrof thr~ murt-
gagee may pay the same; and that he µ•ill prornptly deliver the otfiicial receipts therefor to the n:u?~t~age~~.
5. That he H•ilI permit, commit, or suffer no w•aste, impairment, or deterioration of said prupert~• ur
any part thereof; and in the e~•ent of the failure of the mortgagor to keep the buildings on saici prrii~ises
and those to be erected on said premises, or impro~•ements thereon, in good repair, the mortgagE~e ma~•
make such rt~pairs as in its discretion it may deem t7ecessary for the proper preservation thereuf, an~l the
full amount of each and e~•ery such payment shall be~ immediately due and pa~•able, and shall be s~~!~ui•ecl
by the lier. ~f this mortgage.
6. That he w~ill pay all and singular the costs, charges, and expenses, including reasonable la~~•~•er's
fees, and costs of abstracts of title, ~ncurred or paid at an~~ time b~• the mortgagee because of the failure
on the part of the mortgagor prom~tly and fully to perform the agreements and co~~enants of said prom-
issory note and this mortgage, and sa~d costs, charges, and experises shall be immeciiatel~• due and pa~•-
able and shatl be secured by the lien of this mortgage.
7. That he K~ill keep the impro~•ements now• existing or hereafter erected on the mortgaged propert~•,
insured as may be required from time to time t~y~ the mortgagee against loss b~~ fire and other haiards,
casualties, and contingencies in such amounts and for such periods as ma~• be required by mortgagee,
and will pay promptly, ~•hen due, any premiums on such insurance for pa)'ment of ~~•hich pro~•isiun has
not been m~de hereinbefore. All insurance shall k~e carried in rompanies appro~•ed b~~ mortgaRec and
the policies and renew•als thereof shall be held by mortgagee and ha~•e attaehed thereto loss pa~•able
clauses in fa~•or of and in form acceptable to the mortgagee. In event of loss he ~+~ill gi~•e immediate
notice by mail to mortgagee, and mortgagee ma~ make proof of loss if not made promptl~• by rnortgaAor,
and each insurance compan}~ concerned is hereby authorized and directed to make pa~•ment fvt• such
loss directly to mortgagee instead of to mortgagor and mortgagee jointly~, anrl the insurance proceeds, or
any part thereoi, may be applied by~ mortgagee at its aption either to tht~ reduction of the indebteciness
hereby secured or to the restoration or repair of the property damaged. ln e~•ent of for~~closur~~ i,f this
mortgage or other transfer of title to the mortgaged property in extin~uishm:~nt of the indz~btedr~ess
secured hereby, all right, title, and interest of the mortgagor in and to an~' iiisui~ar~~e p.~licies then in force
shall pass to the purchaser or grantee.
8. That the mortgagee may, at an5• tirne pending a suit upon this mortgage, appl~• to the court ha~~-
ing jurisdiction thereof for the appointment of a recei~~er, and such court shail forth~+~ith appoint a
recei~~er of the premises co~~ered hereby all and singular, inciuding all and singular the income, prafits,
issues, and revenues from w•hate~•er source derived, each and e~•er~• of ~+~hich, it bei~ig expressly unde~•-
stood, is hereby mortgaged as if specifically set forth and described in tl~e granting and habendum clauses
hereof, and such receiver shall have all the broa d and effecti~•e functions and po~+•ers in an~~~~~;se
entrusted by a court to a recei~•er, and such appointment shall be made b>• such court as an admitted
equity and a matter of absolute right to said mortgagee, and w~ithout reference to the adequac~~ or inad-
equacy of the value of the property mortgaged or to the soiver~cy or insol~•enc>~ of said mortgagor~or the
defendants, and that such rents, profits, income, issues, and revenues shall be applied b~~ such recei~•er
according to the lien of this mortgage and the practice of such court. In the e~•ent of any default on the
part of the mortgagor hereunder, the mortgagor agrees to pay to the mortgagee c~ demand as a i•eason-
able monthly rental for the premises an amaunt at teast equi~•alent to one-tw•elfth of ihe aggi•egate
of the tw•elve monthly installments pa~•able in the then current year plus the actual amount of the annual
taxes assessments, w•ater rates, and insurance premiums far such ,r•ear not co~•ered b~• the aforesaid
mont~ly payments.
9. That ~~i) in ih~~ tr~~~~it uI illl\ ~11't~ach uC this nwrt~;ag~~ ur ~i~~tault un th~~ part t~f thc ntortgagur, crr
I(,) i?~ th~~ r~~~~nt th.~t an~• ut~ saicl ,ums u1 muttt~~~ hE~r~~in ref~~~•~•~~cl tu li~~ nut I~rumptl}~ ~inci fullt• ~~aici ~~-itii-
~~ut ~i~~ma~ul i~r n~~tic~~~ ur lr•) ii~ th~~ ~~~~ri~t that ~~ach and ~~~~~~r~~ th~~ ~ti~n~l~?tinns. a~re~cm~~nis, r~»~eiitiuns,
<ut~l cu~~~»~uits ~~f :<<i~l i~utt~ ali~l this m~~i~tg<~g~~. a~~E~ »ut clul~~, ~~~~~m~~~tl~~, ~in~i iull~ ~~f~l'fOi'illl'(I; tlien i~i
t'Itflt•1' Ul' :lil\' SUl'~I t'\'t•Ilt, llit' ;~lll~ 2l}*}!1't'~,r:l~t' ~U111 tli~'lltll~llt'(~ til ~~U~~ ill~lt' i~li'll i"l•111'<ltllttl~., llll~)~ill~. ~\'ltll
ltlit'1'l`5t <ICCI'llt'(~ tt) t~l~lt tlllll', iUi(~ 21~~ i111111t'~'S Sl'CLI2'l.'ij ~lt'Pl.'f)~'~ 5~18~~ ~)t'CI)lilE' (~lit' iill(1 ~SV'ilb~t` f01't~l\i'lt~l,
~~1' 1{lt'1't'llltf'1', :lt t~lt' U~)tlUll UI ~~el1i 111c~1't~ili{l'l'. 215 tU~~1' IIII(1 l'1)117~)~t't~'~1' ilS 11 iil~ I~f t~ll' SiU(~ SllTll~ U~ Il7(>11l'1'
~~,~r~' ul'~1115~~1' ti~l~)UlatE~cl t~~ In~ ~~aici ~,u s~u•h ~la~•, a~i~~thin~ in saicl »~~te c~r iti tl~is rnurt~agc to thc cuntrar~~
nc~t~~~ith,tancling: <u~~l th~•r~~u{~~>n crr th~~r~~aftc~~~, xt tl~t~ u~~ti~~i~ ut~ ~a~ci m~~rt~*a~;~~c~, ithcn~t. notire ur ~lemand,
suit at 1<i~~~ or in eyuit~~, nr:~~• }~e prasecutt~~l a:; iC all m~~nc~~~~ secure~~i h~~reb~- ha~i rnatw~e~l prior to its insti-
tuti~~n. 'I'h~~ nu,rtg.~~,r~•t~ m<s~~ f~~rt~rl~„e this moi•tga~~~, .i, tu tlic~ xmuunt sv ci~~~•lar~~~l ciu~~ v~~i pa}•able, ancl
th~~ sai~i ~~i'~~mi;r: sh<til h~~ sulcl t~> .s~tisf~~ an~l pa~• th~~ ~<ttn~~ to~eth!~?• ~~•itit c;~sts. E~s~i~_~nses, and all~~~~-anc•t~~.
!n cas~• ~~1' partial f~~~r~~clc,stu-t~ uf this ?nr~rt~,*~igt~. tht~ mnrt~age~l ~~ri~mist~s shall bt~ s~l~j subject t~~ the eon-
ti~iuing li~~n ~~f tl~is m~~rt~,ra~;f~ fur th~~ ~~nunmt c~f th~~ ~i~~l;t uut thf~n ~lu~~ an~' u»E~aici. ln suc}, c<ise the pro-
~.•;siu~ss i~f this par~lt.,~l'il})II ITl'<l\' a~ain bt~ a~~ail~~~l c>f tli~~r~~aftr~~ f~rum tim~~ t~~ ~lilll~ i~}• thr~ m~~rtga~ec~.
].0. Ttlat thr n~~~i~t~;aK~~~• ill ~;i~~r 1I11Illt'cliatc~ »~~ticr~ I,~- mail t~~ th~~ ?i~urt~;a~,<<~f~ ~~f an~- rcm~E•~-anct~.
tr~inst~~r, u~• chxnke ut' ~n~~nci•ship ~~f tht~ ~~r~~?z~ises.
11. That ni~ ~<<ii~~t~r ~~f ~?n~• c~~~~~~nant li~~t~ein ~~i• uf the ~~l~ligati~~n st~c~ured herE:h}• shall at an~~ time
tht~re<ifter 1;e ht~lrl tc~ i,~~ ri u~zii~~t~r uf the tei•m~ }it~t~t~c,f or ~~f the nute •E~c•t~rt~cl i~erei~}•.
12. That if the mort~ag~or defaiilt in ~~ny of the co~•enants or agreements cont~ined herein, or in
said note, then the mortgagee may' ~~erfarm the same, and all ex~>en~itures (incluc~ing reasonahle attor-
ne~-'s fees) ma~3e by~ the mortg~gee in so doing shall ~r.i~ti• interest at the rate set forth in the note secured
here}~y, znd shall be repa~•able immediatel~• and w~ith~~ut demand b~• the mortgagor to the mortgagee, an3,
tugether w•ith interest and costs accruing ther~.~~u~, sl:ail I~e secured by this mortgage.
13. That the mailin~ of a ~~~ritten notice or dem<lnd addressed to the o~•ner of recorci of the mortgaged
pren~i~es, or ciirected to the said o~ti~ner at the last acicire,s actuall`• furnished to the mortgagee, or directed
to saici ow~ner at said m~~rt~aged ~~remises, anc? mailecl h~~ the United St<ites mails, S~IR~I ~)E' SL~1C1F'Clt itOtlCe
and demand in any case ai•ising t~nder t.tlis instrument and required by the pro~•isions hereof or by law.
1-~. The mortgagoi- co~ enants and agrees that so long as this It101'tg'~gP. and the said note ~ecured
hei•eb~~ are insured under the pi•o~~isions uf the :~ational Hui.ising Act, he µ~ill not esecute or file for rec~_>rd
~n~- instrument w~hich imp~~ces a restriction upon the ~alA or occui~anc~~ of ti~e mortga~ed pr•o~~ert~• on the
baGis of race, c~rlor, ur creed. U~~on 1ny~ ~~iol<<ti~~n of this undertaking, the mort~agee may~, at its optian,
declai•e the un~~aiti hal~~nce c>f the debt sectired herehy~ immediatei~~ due and pa5~able.
~oa~ 130 394