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ttec dc&ciency. Such psyment shal) be i1~ad~ within thir~y~(30) d~,ys a[ter written notice imm the Mortgugee
atating the amount ot the deficie~cy~ which notice mwy be givea by mail. It st eny tittia the 1~iort.gogor
aha~l tender to the Mort~agee in sccordnnce wit,h the provisions of the note secun~d henby~ fuU psymen~
ot the entire indebtednesa repreaenteci thcreby~ tt~e Mortgsgee as truatee ahell, in ooruput.ing the ~mouat ot
such indebtednese, credit to the account of the hiorf~~o
r srty credit balance rem~ining under the proviaioas
ot ot saidparagraph 2. If there ahsU be s default under any of the provisioas ot thia mortgsge resultin
in a publie sala of the premises covered hereby, or if the Mortg~ee scquirea the prnperty otherwise alte
def~ult~ the Mortgagee as ~rustee ahaU apply~ at the tima of tFe oommencement o[ such proceeding~ or st
the Lime the pmperty ia otherwise acqu~red, the amount then remsining to credit ot Mortgagor under ot
parap~rsph 2 preceding a8 a credi~ oa the intereet accused and unpeid and the balence to the principal then
rem~tning unpaid on said note,
4. He will py dl t~~oe~, ~?seeee...-eat~, watee rabe~„ aad otbe:~overno4enW ae munldp~l ohar~'a. Sne~, ar
impodtione, for wbic~ p[~ovision has not bean mads bereinbetore, sad 3n detsulL theraof t~6s Mott~es myY PRY ~
s~ms; ~nd tl~at Ls will promp~ delivee tbe o~Ridal reoeipt~ tberafor to t6e Mozt~?~as.
b. He ~viII pesm€t~ ~mmit, ao wads, impair~eat, ar deterio~ ot eaid ~operiy oeb~~r~ p~rt theeeot
eo~aepR re~eonabie we~r and t~ear• and in the eveat ot ths f~iture ot ths Mort~o
r to keep t6e ii~din~ on eai~ ~
pr~iees .aa tbo.e Lo be arecte~ a~ ..ia premi.e., or jmpe+or~eats thereoa~ in-~ooa npRir tbe Mort;sar~e m.y
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af a?oh and every suob p~ymeat ab~ll b~ dus and P~,Yabb t6irt~y (30) d~ys stt~er demand. aad ~all bs ~e~ured by
tbe lien of this mat~s. • .
d. He wiil p~y aU and ednsular tas oosts~ and eipenses. inciudIn~ reaaonable Lwy~er'~ feee, aad eosta
af sbetruets af titie. inonrred ~ pdd a! aay time
~~ortg,aaee beesuee of tLe failure on t,he part of the Moit~ar
P~P~Y and ful~+ to pertorm ths a~yreemeats and oovenants d s~id promieeory note snd thia mort$age~ and sa:d
~='6'~. and ea~penses shall be immediste~r due and p~ysbje aad ~?ll bs ~eeured by the lien of t~is mort~e.
7. He will oontinuoua~ maintaun lt~aard insuranoe~ oi such t~pe or ~~nd unounts ae Mortgsgee ms~
from tSma to time require, on the improve~ri~is novv or Ls~t~ ~u ~ gr~mi~ ~nd ea~g6 ~~~a ~gr~e~t~ s
for all such premiums h~s theroto:~re been mada under (a of parsgra,~h 2 hereof ~?e ~riU p~,y promptly ~rhen
due aqr premiums tLerefor. All i*~euranoe ahall bs car~ in oompanies sppmve~ by 11i wd t~he pol~
cies aad renewals thereof sLall be beld b~ Mortgagee and 6a~e attached thereto loes payabie auses in i~vor ot
oes
~nd in form aooeptable to ths M In e~ent of ~oes he will give immediate notioe by mail to Mortgagee,
and Martg~agee m~?y m~ke proui it not mads promPt~T by Mortgagr?r, aad each in~ur+~noe eompaqT
ooncerned ~s hereby~ ~utLorised wd directed to make psyment for such loes directly to Mortgagesed b tead ot
to Mortgsgor aad Mortgagee jointty, and the insurance proceeds, or aqy~part tLereof m~y be apph y I?iorw
gagee •t ite option either to the reduction of the indebtedneee hereby eeciu~ed or to t~e reetor~tion or rep~?ir of
tLe pi+oparty dams~ed. In event oi foreclosure of this mortgage or other trsnafer of title t~o tLe mortgaged
proper~y in eztinguishment of the indebtednees secw~ed hereby, a~i right, tifle, and interest oi the Mortgag~or
m aad Lo any inswranoe policies- t~hen in iorce ahall pass to the pu:+chaeer or granLee.
8. He will not c+zecute or Sle of tecord any instrument w?hich impo~es s restrictioa upon the atle or oocu-
pancy oi the property deecribed hsrein on the baais oi rsce, oolor, or creed.
9. If the premisee, or any part thereof, be condemned under tLe power of eminent domain~ or acquired
for a public use, the damag es av~arded~ the ptoceeds for the tahing of, or the conaideration for auch aoquisi-
tion, to the ettent of 1he full aTnount of the remaining unpaid;indebt~ednesa ~ecured by this mortgage, are
hereb~• assigned to tLe Mortgagee~ and his heira or assigns, and ahall be paid forthwith to said Mortgagee
or his ass~'gnee ta .be applied on account of the last ~matunng inataliment~ of such indebtnese; provided'~or: -
ever, the'11rlortgagle or his easignee, msy st hia discretion pay direct to the Mortgagor, his heirs or assigns
an3 part or aU of such award; provided~ that if the loan ia guarsnteed or insured, the ooneent of Lhe gu~ran-
tor or insurer is obtained in advance of said ymeut.
10. The Mortgagee may, st enp time ~ea ing s suit upon ttus mort,gage~spplq.to the court having jnrisdic-
tion thereof for the appointment oi a receiver, and such court absU fortfivrn a~point a receiver of the premisea
oovered hereby all aad singular~ including sil and aingular the inoome~ profite, issuee, and rePenues frorn nhat-
ever eow~ce denved, each and every of ~oh iL being expressly underetood, is 6ereby mortgeg~ed as iI apecifically
set forth and descxibed in t6e granting an~ habendum clauses bereof. Such ~ppointment ahsU be made by
such oourt as an admitted equity and a matter of sbsolute right to said I1Zortgagee, and without reEereace to ~
the adequacy or insdequacy of the value of the property mortgsged or Lo the solvency or insolrency of said
Mo r or the defendante. Such rents, prnfits, income, ~saues, and revenues ahsll be spplied by such receiver
acco~r~'ng~ to the lien of this mortgage and the practice of auc6 oourt. In the event of anq defsult on t6e psrt '
o# the Mortgagor hereunder~ the Iliortgagor a~rees to pay to the tifortgagee on demsnd as a ressonable monthiv
rental for the premises an amount at least equ~valent ta one-LweUtb (S~:) of theeggregste ot the twelve monthlv
installments payable in the then current year plus tbe actual ~unount of the annual tsxea, assessmenta~ water
rates, and inaurance premiums for auch yeu not oovered by the aforessid montlily psyments.
11. In the event of any breach of this mortgage or defsult oa the psrt oi the Mortgagor, or in fhe event
that any ot said suma ot moneq herein referred to be not promptly and fully paid scoording to the tenor hereof,
or ia the event that each aad every tbe stip ul~tione, agteemente, oonditiuns, aad coven~ats of said note end
this mortgsge, are not duly, promptly, and i~lly petformed or if the Mortgsgor be adjudicated bani:nipt or
raade defendant in s bankruptcy or receiverahi~ pmceedinEp; then in either or a~? such event, the said aggre-
gate aum mentioned in ssid note then remainu~g unpsid, j~te~s~~ccr~ ~o thst time, and ~U money
secured hereby ahall become due snd psyable forthwith~ or thereaiter~ st the option of said 1lfortgsgee~ as
fully aad comp~etely as if a11 the said suma oi money we~e originsl[~ stipulated to be peid on such dsy, anr-
thing in said note or m this mort~sge to the contrar~? notwithstanding; and thereupon or thereAfter, at the option
of said Mort~a~e, without notice or demand, awt st law or in equitp, msv be proaecuted as if all monevs
secured hereby7ii?d matured prior to its institution. The Mortgagee may foreclose thie mortgsge~ as to tf?e
amount eo declu~ed due and psyable, and t6e asid premisee ahalI~e sotd to satiafy aad pay the same together
with costs expenses, snd vlowances. In case o[ partial foreclosure of Lhia mortgsge, the mortgaged prnmises
ahall be so~d subject ta the continuing lien of this mortgage for the amount of the debt ~ot then due sad unpaid.
In such ease tbe proviaiona of this paragcaph may sgun be av~iled of thereatter fmm time to time by the
Mortgagee.
12. No w'~ ot sn~ ooven~at herein or of the obligation eecured hereby ahsll at any time theresfter be
heid to be s w~v~,of the terms hereot or of tbe note eecured her~by.
13. The Uea ~ Lhis inatniment shall remain in f~ill force and eHect during any postponement or catensioa
of the time oi payment oi the indebtednees or aay part thereof eecured hereby.
14. This mortgage ia given to secure the purc6ase money, or a part theseoi, of the lands herein described
and is ezecuted aud delivered oontemparaneausly with the deed Lherefor.
15. If tbe Mortgagor default in aay oi the eovenunts or a,greementa oontained herein, or in asid note~ then
tbe Mortga~ee m~y pertorm the same, aad sll expenditures ('including reasonable atcorney's fees) made by the
Mortgagee in eo dou~ ahall, draw interest at the rate pmvided for m the principal indebtedness. und shall be
repaya~ble tbirty (30) days after demand, and~ together vPith intereat aad casts accrued thereon, shall be secured
by this mortgag~e.
16. Upon the requeat o! tLe Mortgag~e the Mortgagor shaU e~cecute aad delivu a supplemeatal note oc
aotes for tbe sum or sums advanced bp the Mortgagee tor the alteration~ modernization, improvement, main-
teaance, or rapair of said premises, for tsxea or ~seessment8 againat tbe same snd for any other purpoee autl~or-
ised henunder. 3iid note or notes shall be eesured herEby on a parity with and sa fully as if tl~e advance
evideaoed tbenby we~re included in the note first acribed 3aid aupPlemental note or not~es shaU beu
a~~. ~ ~ ~~3
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