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the deficiency. Such pay~ent ahall be m~d~ y~lhin thicty (3~~"siays aftsr written notice irom "the Mortgagee ~
etating the amount oE the deficiency~ ~vhtc~ Bot~ce may be ven by mail. If st any time the Mortgsgor '
sha~l tender to the Mort{~agee in scaordf?nce with the provisions oi the note secuced hereby~ full paymeat F
of the entire indebtednees repreeented thoreby~ the Mortgagee sa truatee ahall~ irt oomputing the amount of
such indebtsdnees~ ce+edit to the scoouat of the Mort~~o r sny credi6 bale?nce remaining under the provieioas
of (s) of eiiid ph 2. If there ahall be defeul~ under a~y o[ the pravisions oi this mortgage result~ng
in a publio e o the premiaes oovered hereby, or it the Mortgogee soquues the pmperty otherwise s[ter r
det~ult, t~he Mortgagee ae truatee ahell apply~ at the time of the oommencement oI such proceedinga or st
the time the property is otherwise scquired~ the amount then remaining to creciit o[ Aiortgsgor under (s) of
psra~raph Z preoeding aa s credit oa the iaterest uccured and unpsid ~?nd the balance to the principal then
rem~tn~ng unpaid on eai~ noLe.
4. He wi~ p~ al ta~oe~, ~se¦snenb, w~tee tsLe~ ~nd otber~oveeameatal oe munldPal c6ar~a. 8~. os
impaition~, for wMoD prov~ieba baa not beea mads Leresnbefors, aad 1a detwlt thereo~f the Mortp~ee mqY PRl? ~
wms; aad t~6at Ls will pe+ompt~j? ddivee t~6s o~ad reoeipts tberefor to tbe bioet~ee.
b~. He wilt pesmil. oommit~ or w~er no w~ts, imp~irme~~~~ of satd prop~l~ ae y~art tbereof
eaoeept n~ooaWs we~r and t~ear• and in tbs ev~t ot tbe o~t~or to keep tbe b~uildinp on sai~
p~ni~e~ and tbae to bs erect~e~ oa Mid pc~mises, oe impe~ovemenb thereoa, ia sood rep~ir t6e MortBaaee ma3?
mabs w~oh repaiss as ia ita dieoretioa iti m,y deean neoeeeary fot tLe~~roper p~reeervation thereo~, ~nd t6e full amouat
ot e~?cL aad svary ~uoh P4Ynnen~ ~hall bs dne aad p,yab~s 36ir~y f~o) da,y~ afte~ demand, aad ehall bs secue~ed by
t6s liea d tbis mos~p~s. - ` ~ ~ : ' ' .
6. Hs wiD pay a1l and eingular tLe oost~s, r~, i~wd azpease~, indudin~ reasunsble Lwy~'s fees, and oosb
ct abatraov cf litis, inanrrad ae pdd ~t wy tims
lry~l6e Mort~ee ba~use of We feilure on the psrt of tLe Mor r
promptbr aad f b pe~form t6s a~eemeats aad covenaata oi eaid prooniee~ry note and t~is mor~e ~ e~d
oLat~es. ~ea~pe~er s1uU be imm~ediateky due and p.,yable and sbsU be secured by the liea of cLis morc~s.
7. He w~l oontinnoue~ maintaia Lasa+d inauanos, of ancL 4~pe or ~pes sad amounts sa Mortgagee m~~
~t+~m time to time requirs, on L6e improvement~ now or beraatter on s~id p and except w+hen payment
~r v
tar aII such premiums L~s tberstofore been msde under (a oi paragra~h ~ h~e will psy pmmp ~vhen
due un~ premiums tLeretor. All insnrsnoe ahall be car~ in oompamea aPPmve~ by I~i and tbe polr
c~es and renew~L thereof ahall be held by Mortgagee aad have attached thereto loes payi?b~uses in favor oi
ie
and in form soceptable to tLe M In eventi of bes he wiU give immediste notiae by m~il to Mortgagee,
and Mort~igee mU maks p~+ooi o if not made ~romPt~7 b~ Mortgagu?r~ and each ineuraaoe oompany
ec
oo~noerned ~s ~autbori~d and directed to make p~yment for auch loas du~ectly to Mo matead of
tu 11~ortg~gor aad ortg~ge~ joiat~y, and ths insunnos prooeed~, or an, par6 tLer+e~f ayy be sp ' by 111ort~-
~gee at ita option eitber to the reductioa oi the indebt~ednees hereby eecured or to t~a restont~on or repair of ~
the properlj dama~ed. In avent of foreclosure oi this mort~age. or otber tranafer of title to the mortgaged ~
pz+ope~j in eztingu~ahment of the indebtednees secured Lereby, aIl right, title, snd interesti of the Mortgagor t
ia and to 1~q~ insuranoe policies t~en ia foroe ahall pass to the parcLaeer or grantee.
8. He «+i11 not esecute or file of reoord sny inatrument which impoeea a reatriction upon the sale or oocu-
pancy oi the property deecribed herein on the b~sis oi race. oolor~ or creed.
9. If the premises, or anp part thereof, be condemned under tLe power of eminent domain, or aoquired
for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such aoquisi-
tion, to the extent of the fuU amount oi the remaining unpaid indebtednees aecwed by this mort~age, are €
hereby aasigned to the Mortgagee~ and his heira or ass~gns, and ehall be psid forthwith to said Mortgegee ~
or his ee to be applied on sc;count of the last matunng inatsllmenta of such indebtnesa• provided~ how- 4
ever, tL~ortgagee or his aas~gnee. may at hia discretion psy direct to the Mortgagor~ his ~eirs or aasigna
any put or all ofsuch a~vard; provided, thst if the losn ia gusrsnteed or insured, the coasent of the guaran-
tor or inaurer ia obtained in advance of aaid ymeat. .
10. TLe Mortgagee m~y, ~t anp time ~en
'~ing euit upoa W~s mortgage applp.to the oourt hsvinR juris~iic- ~
tion t~?ereof ior tLe appointment oi s reoeiver, and such oourt a6all fort6Mnt~ a~pomt s raceiver of the premises
oovere~i Lereby all ~nd aingular~ includu~ all and singuLr the income, profite, ~aues~ and revenues from vrhat-
ever sourae denved, eac~ and every oi wWch it bew' gexpressly understood~ is bereby Wortgaged as if apeci&caVy
set forth and deacxibed in the grsnt,ing an~ 1?abesdum clauses beceof. Such appointment shall be made by
~ auch oourt as an admitted equity aad a mstter of abeolute right to aaid Mortgag~ee. and without ret~enoe to
tLe adequscy or inadequacy of the valne of thp pmperty mortgaged or to the eolvencp or in9ol~ency of ssid ~
! Mot,gag~ r or the defendaats. Such rents, pro6ts, inoome, iasues~ and revenues shsll be applied by such receiver f
~ accorrd~
-'ng~ to the lien of this mortgage and the practice of such court. In the event oi any deiault on the puL
d tLe Mortgsgor her~under, the l~iortgagor s~rees to psy to the 11~ior on demsnd aa s reasonable monthtv ;
natal for the premisee an amount at least equ~valeat to one-tweltth of the aggregste of the tweive monthly i
instaliments psqable in the then current year plua the actusl amount of the annusl tsaes, a.9eeaameata, water
~ rat~s, and insuranoe premiums ior auch year not oovered by tLe atoresaid montWy paymenta. '
11. In the event of my breach of this mortgage or default on tLe psrt of the Mortgagor, or in the.eveat
~ tvat any of said sums of money herein referred to be not pmmpdy and fully paid according to the tenor hereof,
~ or in the event that each and every tbe atipul~tions, sgreementa oonditions, aad covenants of said note snd `
thia mortgage, are not duly, prompdy, ~ad fiilly performed or i~ the Mortgagor be adjudicated bankrupt or
~ made defendant in s bsala~uptcy or rec~avershi~ proceedin~s; then in either or any such event. the said aggre- ~
~ g~te aum mentioned in s~id nots tben rem unpaid, with interest accrued to thst time, and all money :
i
secured hereby ahall be~wme due and payab~ortLwith, or thereafter, st the option of said riortgagee, sa ,
fully and comp~etely as if all the said s~~ms of money wer8 orig'mslly atipulated to be paid on such day~ an~- ~
~ thing in said note or m thia mor~age to the oontru~ notwithatanding; and thereupon or thereatter, ~t the option
~ of aud Mortgagee, without notice or demand~ awt st law or in eqwty, msv be prosecuted as if all moneva ~
~ eecured hereby ~sd mat,nred prior to its inatitution. The Mortgagee msy {orecloee this mortgage, 8s to tbe ;
amount so declsred due and paysble, and the said pnmises shall-be sold to astisfy aad psy the sarae together
with co~ts e:penaes, and allowancea. In case of partial foreclosure of this mortgage, the mortgeged premises
co
s6all be eo~d subject to the continuing lien oi td~ie mortga~e !or tLe amount of the debt not then due snd unpaid.
In such case t~e provisiona of this paragi~e?ph msy aga~n be ava~ed ot thereatter irom time to time by the
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o~r~iver of aay ooveaaut herein or of the obligation secured hereby shsll at sny time therestter be i
~ held to be a~raiver oi the terms hereof or oi the note secured bereby. ;
13. The lien of tbis insErument ahall remain in full force and eSect during any postponement or extenaion t
~ of tbe time o! payment of ths indebtednees or ~uy part tbereof secured hereby. :
~ 14. This mart~age u pven to seeure tbe purchase money; or a part thsreof, of the 1~?da herein described ;
~ aad is ea~ecuted aad delivered oontemporaneouely ~vith the deed therefor. . _
~ 15. If tLe Mortgagor default in any of the oovenaate or agreementa oontained herein~ or in aaid note, t6en ~
~ the Mortga~ee may,perform the same, aud all expenditurea ('mcluding reasonable ~ttorney's fees) made by th~ ~
Mortga~e m so dou~ ahall draw intereat at the rste pmvided for in the principsl indebtedneas, snd ahall l~e ~
~ b
pay~?ble thirty (30) daya dter demand, snd, together with intereat and ooats accrued tLereon, shall be secured
y th~s mortgage.
16. Upon tLa request of tbe Mortgagee tLe Mortgagor ehall e~cecute aad deliver s supplemental note or ~
n,~tes tor the sum or auma advaaced by the Mortgagee tor the vterauon, modernization, impmvement, msin-
tenanoe, or repsir of said premieea, for t~ces or ~eeeesmenta sgaiast the same aad for my otLer purpo~e autlior-
ized henunder. Sa~d note or notea ahall be secured 6ereby on a puity with and as fully as if the advance ;
~ evideaoed thereby ~vere iacluded ia the aote Srst descr~d ve. Said aupplemenw note or notea shall besr %
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