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the deficiency. Suchp~1?ment shall be made within thir
y(30) daye after written noWce from'the Liori,dsgee
stating the amount of the de&ciency~ which notice mwy be.~ive~ by ~nail. If at any time the Murtgsgor
shs~l tender to the Mort.~agee in accordnnce with the pmv~ons of-the note eecured herehy~ ful! paycnent
of the eatire indebtedness repreeented tU~reby, the I~ortgagee aa trustee shaU. in oornputing the sraount of
such indebtedness, credit to the accaunt of the l~iort~agor any credit belance remaining under the pmvisions
ot (s) ot se?idpar~graph 2, It there ehall be s defeult under sny ot the provisiona of thia mortgage resutti
in a publio saie of the premiaes covered hereby~ or if the Mortgagee acq~ires the property utherwi.•a s{~
default, the Mortgagee aa truatee shall apply, at the time ot tbe commencement of such proceedinga or
the time the pmperty is otherwise acquited, the aaiount then remaining to credit of Mortgagor under (s) of
pars~raph ~ preceding sa s credi~ on the iaterest e~ccured aad unpaid snd the bslaace to the priacipal thea
remiuniug uap~id on esid ~ote.
He wiII pqr s11 ta~oe~. a~ee~meaty wstee sata, aad ofbe:~ove:amenW ae municip~l chn*aa. Sne~, ae
imPoitionr. for wLich providan has aot been mads heretnbdors, apd in delwlt thereo~f t~bs Mor~p~ee m~Y p~7 ~e
~e; ~ad t~aL Le will pe~o~npt~jr del~v~ee ths o8'id~l t~eoe~pb t6eretar to t,6s Mort~ee.
b. He w~il permit, oommit, ae wRee no wadA, Imp~dnrat, a det~stian o~ a~id pcoparty oea~r patt t~ereof
aooeept ra~oa~bk wear and t~ar• aad ia t6s event af tbs failure of tha Mort~p~ to keep tybe buitdin~p oa aaic~
premisee and Lbas to bs e~+ecte~ ~ add promiee~, ae impe+ovemc~ab t~hna+eon, t-a
rsood npair tbs Mort~gee m~Y
~e ~e r~.~... ~n ie ~ it deem neoeeeary fos tbe_p~per preservstioa thereo~ and t6s full amoun!
at e~ and e~~~~,y~ ~ bs due ~nd p~y:bie t~) ~ J+~ ~mand~ an~ .b.tt bs sea~red bpr
ttrs ben ot t6is 't: a~, `
6. He wi11 p~y ail and dn~r t6e eoeb, ~nd ec~Pensee~ inolndio~ rea~onsble Lnyer'a tees, and ooeh
at ab~traah ot titk, iaouned ot p~id i?t say~3me
t~ort~ee beawee of t~ f
Wure on the p~ct of the Mort~
pe'omPt~r aad i to pertorm tbe a~ree~nents aad ooveaanta of said p
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m
i e e o
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y aote a a
d this m
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R~, ~ a~
l b s ianmedisteb due and p~yabje and • aball be eec~u+ed by t6e liea of
t~mort~e,
T. He w~l oontinnot~ msinta~n Lasard insunn~os, oi such ~jype or~jp~ and amounta ~s Mottgsg~e~ ma~
bem tims ~o time req~rirs, on fd~s impro~ements noR or be~+eaiter on a~id p and exoe ti w?hsn
moo
tos all such pr~miwoo~ La~ tbere~ofore been made under (a of paragrs~Lh 2 bereof will pey promp~~,~ymwhen
due an~ premiums theretor. All insuran~oe s~ball be ' in oomp~wes aPProve~ by 1~'I and tbs poli.
cies snd renewaie t6ereoi shall be Leld by Mortgagee and bave attached t~heneto loas payaba~usee in fa~or oi
and ia form aa,eptable to the M Ia event oi lo~s Le w?ill giva immediat~e notioe by mail to Mortgagee,
~conoesned~herab~autLorir~aa~~
ted~
~ make p~iymmpen~ior euc~h
l~direcnd ~
Mo~ursaoe r+mp~n7
~ rl~agee iastead of
tn Mortge~gor aad ~ortg~g~ee 'oint~y, aad tbe insvr~woe prooeeds, or aay p~rt Were~ ma,y be apP7ied by 11iort.
~agee sL its option either to ~e reduction o# tbe iadabtednees hereby secw~ed or to t~e restorat,ion ar rep~ir at
the prapert~ dama~ed. In event oi foreclosure oi tLis mortgage. or othez traaster oi tatle to tLe mortgaged -
p~operty in extingu~shment of tha indebtednees secured here6y,-aIl r~ght, tit1e, and interest ot the Mortgagor
3u ~ad to nq~ insuraaoe policies tLen ia force s~aaU pass to tbe purcbaser or gcaatee.
8. He will not eRZecute or Sle of record any iastrument which imposes a reatriction upon the sale or occu-
. pancy of the property deecribed herein oa the bsais of race~ ooloar, or creed.
9. If t6e premisea, or any part thereof, be oondemned under the power of eminent domain, or aoquired
for a public use, t•he damages awerded, L6e praceeda for the tsking of, or the conaidetation for auch aoquisi-
tion, to the extent of the full arnount of the remaining unpsid _ind~t~ednesa secured by this mortgage, are
. herebv assigned to the Mortgagee, and hia heirs or ass~gna, and shall be psid forthwith to said IVIort~egee
or his assignee to be applied on account of t6e last msturing installments of such indebtnese•provided,~ow- ~
ever, the Mortgagee or Ws aavgnee, may at hia discretion psy direct to the Mortgag~r, his ~eire or a~igns
any part or all of such award; proinded, that if the losn ie guaranteed or insured, the consent of the guaran-
tor ar insu~rer is obtsined in advanc$ of saidps
yment.
l0. The Mortgagee may, at anp time ~en
'dmg s auit upon twa mortl~age~apply to the oourt having jurisciic-
tion tLereof for the appointment of s receiver~ and auch oourt ahsli fort.~wi a~pouit s receiver of the premises
oovered hereby all and singular. includin~ all aad singular the incorae, pmfita, ~ssuea, snd revenuea from v~hat-
ever eo~une denved, euh and every oi vrLich it being eupressly nnderstood, ia hereby mortgaged sa if specificaUy
eet forth and described in We granting an~ lubendum clauaes hereof. 3uch nppointment shall be made by
such oourt as an admiLted equity snd a matter oi absolute right to said Mortgagee, and ~vithout refereuce to
tLe adequecy or inadequ~cy of the valus of the prnperty mortgaged or to t6e aolvency or insol~ency of said
Mortga~ r or the defendanta. Such renta, pmfita, moome, isaues~ and revenues a6all be applied by such receiver
accord -'wg~ to the lien of this mortgage and the practice of auch oourt. In the event of any default on the part •
of the Mortgagoi~ hereunder, the hiortgagor a~~eea to psy to the Mor sgee on demand aa a reasoneble monthlv
rental for the premises an amount at least equivalent to one-twelfth (y~:) of thea~r~a
te of the twelve monthlv
installment8 payable in the then cwTent year plus the actual amount of the annusl tsxes, asseeamenta, water
ratea, wd insurance premiuma for auch pear not oovered by the sforessid monthly payments.
11. In the event of any brBach of thie mortgage or default oa the pu~t of the Mortgs~gor, or in the event
that any o# said sums of money hereia referred to be aot promptly and fully paid acxording to the tenor hereof
or in ~the event that each and every the st~pulstiona, agreementa oonditiona, snd covenmts of said note sac~
tbis mortgage, are not duly, pmmptly, aad fully pet[ormed or i~ the Mortgagor be adjudicated bankrupt or ~
made defendant in s banhruptcy or receivership pr~ings; tben in either or any auch event, the s~id ~
gate sum mentioned in ssid note tben rem unpaid~ ~vith intereat accrued to thst time, aad all m~
y
secwred hereby ahall become due snd psyab~orthwit6, or theresiter, st the optioa of said 11iort~a~e ~
fullp and oorap~etelq aa if all ttie said sums of maney ~vere originally atipulsted to be paid on such day, an~ 1,
thing in said note or in thia mort~ago to tJie oontrarl notwit~standing; and thereupon or theresf ter, et the option ;
of sud Mortgsgee, without notice or demund, suit st law or in equity, msy be prosecuted as if all monevs
secured hete6y7~sd mstured prior to its institution. The Mort~agee msy forectose this mortgage~ as to tf~e
amount eo declw~ed due and payable, and the said pr~enaises shall-be sold to sstasfy sad psy the asme tagether
xith costs expensea, and sllowences. In case of partial forecloeure of t~s mort , the mort gaged premises i
shall be eoid subject to the continuing lien of this mortga~e for the amount of the de t not then due end impaid. '
In such caee tbe pmvisions oi this garagr~?ph m,sy agtun be sva~ed af thereafter fmm Lime to time by the ~
Mortgag~ee.
12. No-waiver of any ooveaaat herein or oi the obligation aecured hereby ahsll at any time thereatter be
held to be s waiver of the terms hereof or of the note eecured hereby.
13. The lien of tbis inatruraent ahall remain in full force and eBect during any postponement or extension !
oi the time of payment of the indebt~ednees or any part thereof eecured hereby.
14. This mo~aqe ~s given to secw~e the purchase money, or a part tLereof~ of the lands herein described '
and is ezecuted aad delivend oontemporaneouuslly with the deed therefor.
15. If the Morigagor defsult in any of the oovensnta or agreemente contsined herein, or in said note, then
t4e Mortgs$ee may pertorm the same, and atl ezpenditures ('mctuding reasonat,le attomey's fees) made by the
Mortgagee m eo dou'~ shall drsw inteteat at the rste pmvided for in the principel indebtedness, and sliall be
repaya~b]e thirty (30) dsys Jter demand, and, together with interest snd coats accrued thereon, shall be secured
by this mortgsge.
16. Upon the request of the Mo the Mortgagor shal[ execute and deliver s supptemental note or
notes for the sum or sums advaaced b~Mortga~ee for the alceration, modernizstion, impmvement, main-
teaance, or repair of said premises, for ta~ces or aeeeesmenta agaiast tbe same and for sny other purpose autlior-
i:ed hereunder. Ssid note or notes a6a11 be secured hereby on a parity rvith and sa fully as ~i the scivance
evideaoed thenby vvere induded in the no
~~~~~~Said aupplemental nots or notes shall bear
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