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principal aum a~ acrnicd intere~t ahall beceme due and payable without notice at the option of the holder thereof. Md ~hall duly,
proa~ptly.: and fu ly perfom~ discharAe, execute, effect. complete, and canply with and abide by cach ancl evrry the ~tipulatiau,
ogreements, o~ditions. and covenants of said pmn?issory note and this nwrtgaRe. then thi~ mortgage and the estate hereby cmated
shaU cease 6.e null a~x! ~roid.
. Md thq,Mprtgagor fartl~er covenant as follows:
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' j"~i,l. .11w~ w~ill paY the iadebtedness, as hereinbefore provided.
SR~ ooder more fuqy to protect the security oE this mortgage. the Mortgagors. together wrlth aad in addition to. tbs
,aoothiy p:ymeaa uade~ the cuu~s of any n«es sec~rea txreby, oa the snc a.y of eac~, awnth uotu satd nae is fWly pata..vin nar
to the ~tatg,~ee tbe Iolloaviog sum4s:
(a) A sum equal to oae-twelfth ( i/1S!) of tlie ptemiums that will ae:t become due and payaWe oa poHdas oE 6re aad other
hazard insurmoe covering the a~ortgaged pmperty. plus duca aad sssenments nG+ct due an the mortgaged p~operty (all u atImsted
by the Mortaagee).
(b) All payments mentioned in the pceceding subaection of this p:uagraph aad all payments to be made under an~ nota secured
heroby ~6aS be added togetha u~d the aggregate amount the,seof shall be paid by tLe matSaBas each month in a siagte PaYmeat
M be applled by the matgagee to tLe foUorving ite~m ta tbe adu set faeth:
L Taxe~. ssse~smeab. fin, ao~d hssud ins~uance prerd~ms;
II, Iataat en the notes secured hercby; sod ~
III. Amatiution oE the principd of taid notes. '
My deBciency i~ the ama~at af wd~ aggregate ma,thlY PaYment shall, unless msde good by the Mo~tgaSas Pcior to the due
date of the ne~t snch paymeot, opa~tnte an event of dehult undu thLs mortgage. The I?lortgagee may coUect a`7ate charge" not
w ezceed two cents (2c) for each ddLr (~l) of each payment more than fiftee~ (1S) days in ~rrears to cover the e.~tra ecpense
involved in handlinS ~9~ P•Y°~°~
S. 1~at if tbe total af t6e gaymeats made by the Mortgagan under (Q) of paragnp6 2 preceding shall exceed the aroount of
P~Y~s ~Y bY ~~0~8a8ee. fa~ tuces and aue~uents aod iasurance praniuu~. at tbe case may be, suc6-escess shall
be aedited by the M°dBaB~ O° ~~4~ Po'Y°~ to be m~de bj? the Mat6agas. If. l~owever, tLe nwatlil~• paymeats made
b~? the Matgagors under (e) af paragrap6 S pteceding s6all mt be s~cieat to psy taxes and au~sa~ents aod insurance premiums.
as the case uay be, whea the same sball beoome due and payable, thca the Matg,ago~s ~hall pay to ihe Mortgagee aay amomt
to malce up ibe deBeieary. on or before the date wben p~ymrnt of sneh tues. a~smeats. or iasarance pcemiums s6a11
~~p~ ~:it_~ny tjme the Mortgagats shall teada to t6e Matgagee in aocordanoe with the pcw~Lsiom of all notes sec,sed he~eby.
fifull af$e eatire indebtedness representca thaeby. t6e Mo~tgagee :1~a1~, pay to the M«tgagas all amo~mts thea ra~inin6
' iaso~ance asc.~o~w aao~at held in comc+ctioc~ with thts 1o4n. ~If thae shall be a default ~mder any oE tbe pcovisians
~ Q ~ o n.
'!1~~ a pubUc sak of the pe~ises cov~a~ed haeby. or if tha Ma~tgagee aoqnires the pmpaty othawise
_ ; aker st~•tpply. at the time of tLe ooa~ement oE such proceedtngs or at tLe ttaae tt~e propesty is otha-
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re~aining
~ nndet satd notes. °~'ted w~da (a) of P~6mPh 2 preceding as a credit agaiast the
.
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i •-~'•.i~ 4. T~t~ ~~v11 pay all tues. as~essmeats. vPater ntes, aad otiw gove~wnenta! or municipal chuga. Snes, or impoaitiaos,
r
pA~~ bas not bcen made hadnbefo:e, and in default tLeseof, tbe MartB=8~ ~Y PoY the same u~d be secured by the
ii~e.~q~ga and that t6ey will ~oo~dy delivrr the a~cial reodpts therdore to the Hactgagce.
S. T6at -tbry will permit, oommit, ar su$er no wraste. impainneat, a dete~iontion of satd pcopaty or an. part thereof; aad in
the ev«?t of tLe faihae of the Mactpgan to keep the buildings a said. pr~ and tbose to be erected on said prenusa. or improvo-
mmts tbaeon. in good repair. tbe Mat$.gee may m:ke soch repaies as tn ia dt~etioa ic may deem necasarv for t6e propa praer-
vatioa d~eeeaf. and the fWl amo~mt of each and every such payment sball be Immediabdy due and payabk. ami sball be secured by
the Iien of this mort~aga
6. TLd tl~ey wb pay all and ~ngular thr aosb, charges. and eipenses, including reawnabk 4wyer's fea, and costs oE abstrac~ls
of titk, ine+med a paid at any Hme by the Mactgagee becanse ef tbe fail~ae aa tbe part af the Mact8a8~ P~PVY ~~Y ~
paform tbe agreesoeats and coveaants of airy oE said ptomissory notes and tbts morcgage, and s.id ooses, c6uges. and espensa sba11
u~ i~edi~dy aue aaa p.yaw~ .na shsn be ~a by dx lien of a~ moreg,~ge. .
7. 11at t6ey wIll keep tbe improvements novr e~dshng or hereafter erected on the mortgaged pr~operty iaiured as c~y be
required fram tinne to time by tbe Moctgagee agaimt loss by 8re or otha hwrds. ~1H~. and ceabingeades ia snch amounb and
far snch periods as may be req~dred by Mcxtgagee, and ~vill P~y P~°P~Y~ w6en due, any pranium~ en suc~ fas~uanx for gaymeat ~
oE ~vhicL pcovistoa has not been made hadnbefore. All insuranoe s6all be carried in compada approved by Matgagee and the
polir[a and reoewals thereof s6all be held bv Matgpgee and have attsched thereto loss payabk ch~aes in fav~a of and in fam
aceeptable to the Moitgagoe. Reoewal policies shall be delivered to Mortgagee at least 10 days prior bo e:piration af e~dstIag
policy. In evmt oE Iass. thry will give immediatelY notice by mail to Martgagee. and Matgagee msy make p~ooE of bss if not mzde
ProODP~' bY M~8=8~• and each i~urance company ooocm~ed is hereby sutlw~ized and directed to make pavment for such las
directty w Matgagee instead of to Mortgagas and Matgagee jointiy. and the i~uranee proceed.s, or any put thaeof. may be
~pplied by Nortgagoe at ib option dtha w dx reducKon of tbe i~ebtedness hereby ~ ac to tbe reston~tion or repatr af the
p~opaty damaged. In eveat of forecloa~re of tbis mortgage a otha tn~fa of titk w the ma~tgaged propcrty in acting~hment
of tbe indebt~e~as seciued haeby. all right, title and interat of the Mcirtgagars in and to any inturance policies tbw in faroe
shall post ~o tbe pa~chssa ar g~antee.
8. Tbat the ~la~tg,agee may. at any time peadtng s suit npon this matS~a• aPP~Y to the oon:t Laviag j~aisdtctlan the:eof
for the appointnoeat af a reodver, and st~c~ oo~ut shall fa~thvv~th appoint a recdver of the premises'covaed hereby all and ungular.
~d~ .n .~a ~ ~ c~, .aa ~ ~c~ ~ a«~.roa, ~ ~a ~ ~ ~c ~
~r mdaesoooa, b haeby morc~agaa as if ~edBally nc f«th .ua aaaibea in tLe granrtng .na habenawn cL~na b~.
md soch reoeiver shait have all tLe b~od and effe~tive fanctioos aad po~wers ia anyaiie eatrusted by s oomt to a recdva, ~ad ~wch -
appoiahneat s6a11 be made b; mch coiut as m admitted equity and a matter af abadme r(ght to ssid Muctgagee. and wltboat
rdereoee to the sdeqwcy ar fosdeqwcy of tbe vslne oE the propaty moct8a8ed ar to tbe tdvmey ar imdveacy oE said Mortgagas
ar d~e defeadanb, ~ad tbat ta~ reuts. proBts. income, issues and revenues shaD be appNed by snch reoeivu aooooding to the ~teo ~
oE t~is mo~age ~nd pr~ctioe oE ~och caa~t ' t~~ ~ ~ '
,-H~:-
~ ~ UF F~." BOOK 144 5.
~ R~~. ~c~ 622
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