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3. To plan and oontiewiovsly k~ap on the buildirgs now a hereaher utust~ on said land snd on ~II eq~ipnent and penon~lly oovKed by this enwt~-
a~, with ~1) pnmiums Mareon p~id in full, fire insuru~ce in the uswl studard policy form, in a sum spprowJ by the MORTGAGEE, ~nd windstorm
iruurwwe in Nw uswl standard polic~r farr~, tn a sum spproved by the MORTGAGEE, in such compsny or oompanies • a tIK MORTGAGEE m~y
dincl= and aU fin and win~ba~m irow~no~ pdicies on ~ny of said build~ngs, any lnterost thcrein w pan th~reof, in tM ay~rsyat~ wm afaeaid or
in ~xqss th~rwf, iMll contsin ths vswl qand~rd mortgagee clavse w such other dauss a th~ MoityaSpe may rpvin, m~kinp ths loss vnder said pol}
cia. ~ad~ u~d wMy. paYsW~ b s~id MORTGAGEE ~s ih interest may appear. ai+d each and every iuch policy shail b~ prompty sss:yned ~nd dNiversd fo
I any h~W by s~id MORTGAGEE a fwthar secvrity ro s~id mortysge debt, and, not less tMn ten (10) days in advance of tM expiration of esch policy, to d~-
I liver to s~id MORTGAGEE • raawsl tMnof, topethtr with a reuipt fw the pemi~m oi wch re~ewsi; and there shall b~ no fir~ w windstam irow~nc~
pl+ud on ~ny of said build'irgs, aMr interest therein or part thereof, unku in the form and with the loss p~yabl~ ss aforesaid: aeid in the eveM a~l swn
' of enw»y becpnq payable wwMr wch poliey or poi;cies s~id MpRiGAGEE shail ye ~hs option ro?eceive anc! ~pply the ~sme on ~caount of ths indebted~
~ n~ss wcwd h~nby w w pKmit uid MORTGAGORS to ~eceive and use it a iny part thereof fw oti+e. pwposes, wi~hout thereb~ waiving or impair-
f h+y a~ryr pviry, li~n or ~ght w+de~ or bp vGtw of this mortyaye: a+d in tF~e event said N10RTGACaORS shall for ~ny reason fail to keep the said premises so
imund, or fail to d~liwr promptly any of said pol~des of inwrance to said MORTGAGEE, w fail promp~ly to piy fulty any premium therefo~ w in any
( r~sp~ct fail b prfor~, discharye, ex~wt~, ~ffect, compbts, comply with u~d ~bide by this oovenant, or ar?y part hereof, said MORTGAGEE may pl+ce and
P+Y ~~~anor or aey p+rt thuwf without waiviiy-a ~ffsctinp any option, lien, puity. or riyht un~Jer w by virtw of this Mortg+p~. ~nd the
full arno~xN of ~sth ~nd ~r svth paymaot ~MII b~ iem?edwtely dw and payabl~ ~nd a!»II bw interat fran th~ dats N~ereof uotil paid ~t tFa rate of
~ nin~ p~r ep?tum p~t a~r~um and to~ether with suth Interest shall be secured by the liK? of tFwt mo~rtype.
4. To pamiy aam~it ar wffa no was», Impsume~t or deterio?stan of s~id propertr or any part thereof.
S. To pay dl and sMp~lar th~ oosts, cMrpra and expenses, includinp • ressonable anorney i fe~ and costa of abstr~cts of tHk, inaned or paid ~t
•ny tirtw by wid MORTGAGEE, becws~ a in th~ ~vent of the f~ilure on the pin of tF~e said MORTGAGOR w duly, prompNy ~nd fu11Y perform, disd++ry~;
•xecvt~. ~ffsef, aomP~~. ~P~Y with u+d ~bide by e~ch ard every the stip~lstians, preaments, condctFau. ~nd oowna~n of said praoiuory note and thu
mat~ap~ ~ny w~ithsr, and said coats, charges and ~xpenses.. each and every, sh+ll be immediately dve ~nd psyable; whether w not there be r.otice dr
m+nd. ~tMmpt fo oolhct a wh p~ndinys +nd N+~ full amount of esch and evsry such psyment shall bear interest from the d~te th~reof until paid at the
rate of niew pa oentum per anaum; and all s~id ooits, chuges and expenses incwred a paid, topether w~th wch tm~r~st. ahall be sawnd !~r tM lia~ of this
^+wep~p~. -
6. ih~t in the ewnt of ~ny bnach of this Mortyay~ or def~ult on the put of the MORTGAGOR, w(b) in the evam ~ny of said sums of mo~wy
her~in r~f~n~d fo b~ nof promptly ~nd fully p~id within thirty (30) days nexl after the same severally become dw ~nd psyable, witl~ovt d~mand o+ notip.
or W M th~ twm ~ad~ end ~wry th~ stipubtioos, agreemenn, conditions snd coveMna of uid promisaory note snd thu mortyape any o~ eiNwr ~n no1
iuly, prompHy and fully pufo?m~d, dischar~ed, e:ecuted, effected, compkted, complied with and sbided ~ay, thsn in eith~r or any wch ewm tM ~aid ap-
pr~yat~ wm mentipwd in s+id promitsory npt~ then rem~inirg unpaid, with interest xuued. ~nd all moneys setured. hereby, shall betane dw and pay-
sble fwtMwith. a tlNrufta, at th~ option of said AhORTGAGEE, as fully ard completely as if all of the wid swns of money were wipinally stipulated
to be paid on such day, anythirg in said promiuory note or in this Martgage to the confruy notwi~hsundinp; and tF»reupa~ a thereaftN ~t the option of
•aid NIORTGAfiEE, witFaut notiq or damar~d, wit at law or in equity, therefwe w thareafur beyun, eMy b~ praecutad as if NI mon~ys a~wr~d Mr~by
h,a m.nK.d pna. ro ~n ~nstin?r~on.
~ 7. TMt In tM ~v~nt that at the beyinninp of or ~t sny fime pe~dirg ~ny wit upon tF~is 1Nortysge, a to torsclos~ h, or fo rcfam h, ~c_so-anforc~
k paym~nt of any daims Iwrwnder, said NWRTGAGEE :hall apply to the Covrt hsving j~risdrcran thereof fw tM appointment of ~ R~oeiwr, wd~ Coun shall
~ forthw(th appoiM ~ nceiwr of sai~ mortpsped p~operty ~II snd singvl~r, inclvd~rg all and singular the income, profits, iuues snd rw~nuea from what~wr
wurp d~riwd, ~ath ~nd ~wry o~ which, it beinp expressly undersrood, is hereby mortgaged as if specificalfy ~et fath and dewibed k~ thi pr~ntinp and
habenduin dausq her~o/. ~nd wth ReoNv~r ~II h~ve all the bo~d and effective funct~ons and powtn in anywite emrvsted by a Court tp a Reuiwr, ~nd
•uch ~ppohtm~nt sfiall b~ en~d~ by wch Court p~n adm;tted equity snd s matte~ of ~bsolute right ro said MORTGAGEE, and without roferenc~ to tM
adpvsey a in~d~quacy of 1M vslw of the property mortysged w to the solverKy or insolvency of sa7d MORTGAGOR or the defsnd~nts, u~d that such
rents, profib, inooriK, (~ws and rw~nws ~hsll be applied by wd~ Receiver accordiny to the lien w equiy of aaid MORIGAGEE and ths pnctiu of such
CovA.
8. To dvly, pranpNy ~nd fullr perfam, d'acharye, execute, effcct, complete, comply with a~+d abide by ssd~ ~nd ewry the stipulatio~s„ prs~nt~,
conditlona and aov~ms in said promissory rate +nd this mortyaye set fath. '
9. Th~t M tl» rwnt the ovve»rship of the mortgaped premises, w~ey pan tircreof, beoomes veshd in a perw~ wha NWn the MORTGAGOR, tM
MORTCsAGEE, Ns wooe~ors and ptipnt, m~y, w;tho~t eotice ro the MORTGAOR, deal with such succsssw or ~uu~swr i~ intaest with ref~ra~u to this
mor+pap~ and tlw dsbt Mr~by sswnd ln tM sam~ marvier as with Mortgsgo. without in any way vitiati~g a d~ul+Hyirg tF~e Mostyspws' liabitity htrr
under ot upa~ tM dtbt hu~by secured. No wk of the premises hereby mortgagcd and no fwbearance on the p+n of tM /AORTGAGEE a hs sutcesson
or ~uipm and no ~xt~roan of tM tFme for tM p~yment of the debt hereby secvred yiven by the MORTGAGEE a in succeuoa or auipns, ~hall opsr~t~
~ la r~l~w, d'qclMrye. modify eh~g~ p affM tM original liability of tM MORTGAGOR herein, eitl+er in whob or in put.
I0. h is ip~cif'~Ily apreed th~t time b of th~ euence of this contract and that no w~iver of sny obliyation herevnder or of th~ oblipation s~-
cured Mnb~? ~hall at ~~ryr tirnt tF~ere~hK b~ heW ro be a waiver of the terms hereof w o1 the ir?strurt~ent secwed herby.
11. In addition fo the faego:ng monthly psyments of princ:pal and interest reqvired by the pramissory no!e secured hereby, mortpagor cawnaMs
and ayr.n ro pay ro morrya~e. wirh each monrhly payr„ent •n sddirional wm esrimated by mwtgsgee to be equsl b 1/14 of the annwl tost of the follow-
iny:
A-All real property tax~s levied a sssessed against the above described real estate.
6-?~smiums on fih and windstorm k~wnnce as hcrein ?equ~red ro be carried on the improvem~nn sitvat~ on ths ~bove described premit~s.
C-Premiwea on wch mortpap~ qwranty insur~r~ce as matgagee shs11 irom time to time deem fit to carry on tFw loan secured hereby.
Matpaps~ sh~ll hom time ro time notify mortgagor in writirg of the amoum due and psyable hereunder and such wm shaU there~pon b~ dw ~nd
payabl~ on tM dw d~te of tM ne~ct monthly payment and each wccessive mo~th thereafter until mortgsgee shsll notify mortg~gor of a chanp~ in such
amourN. Such sums shall be ~pplied by mortyapee tow~rd the payment of real property taxes, inwrance prem~um~, and matpps pwru~ty insur~nca
premi~wrM.
IN WITNfSS WMEREOf, tlw said MORtGAGOR h+s herevnto set his hand and se~l tM dey ~nd yesr fint ~fa~said.
Sip d, Swbd a dd nd in th~ pes~no~ of:
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o R 164 ~ 5~.8 ~ ..n
600K
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