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the deficiency. Such paymen~ ahull be made within tihirty (30) days a[ter written notice from the :4iortgagee ~
atnting the a~nount ot the deficiency~ which not,ice may be givea by mail. It at an~ time the Mortgsgor
sl~a~l tender to the ~tort~e?Ree in accorcie~nce M ith the proviaiona of t,he note secured hereby~ ~ull payment
of the enlire indebtedness represented thereby~ the Mortgagee us ttuatee ahall~ in computing the smount of
such indebtedi~ess~ credit to tl~e account ot the :~iort~ a~or ~?ny credit bat~nce remaining under the pmvieiona
o[ (a) of said paragraph 2. It there ahaU be a deiauit uader any ot the pmvisiona ot this raortgage reaulting :
in s public sala of the premis~s covered hereby, or if the Mortgagee acquirea the property otherw~ae after
default, the Mortgagee as trustee shsll spply, at the time of the oommencement o[ such proceedings or e?t
the time the pmperty is otherwise acquired, the amount then remaining to credi~ of hiortgagor under (s) of
para~raph 2 preceding sa e credit on the interest sccured and unpaid and the balance to the principal then
cemeu~mg unpsid on said n~te.
4. He w[ll p~y aU t~?~oe~„ ~?e~eermeab, wster sater, aad ofber~o
v~ernrnental er manidpal eharSa4 ~R
impoeitions. fot wLieL p~+ovision Las aot been mac3e Dereinb~ore, sad in deisult thereoE t~6e Mor~asae m~y P~Y ~
•ms; ~nd thst bs will pi~pyy ddiver fbe official reoeip4 Lberefor t~o Lhe Mortg~?aee,
b~. He will permit, oommil, or suQes~ ao w~ta, innp~irmesk or det~erioration of s~id groperty ae~qp theReof '
azap! ra~son~ble wear and t~ear• ~nd in tLs even~ d ths failun ot t6e Mort~agor to Iceep tbe build~ oa sai~
premisea wd thoae to be erect,e~ o~ said premises, or improv~ements thereon. fa ~,~ood repair tbe Mo~ ~y ;
af eaah snd
e~ ia disai+ecion iti may de~m neoeaeary for fbe ~•eservtiou t6ereo~, and the ivll amouat
very w~ pq?ment ~all b~ due ~nd p~yabb thi~tY (30) d~ aiter demand, and ~haU bs ~ecured by j
tbs lten ot this mort~a . •
d~. He will pay all aad etn~uLe ihe ~vosts, cl~?r~es~and espenses, iu~:tidins reason~ble bwyer'~ fees, and oost~
oi abs4acts ot titte. inaurred or paid at ~y time by tbe ort~ee because of t6e failure on the p~?rt of the Mortaagor
P~'~PWY ~nd iu1~? to pertorm tbe a~ree.~ents and oovenanta of aaid promiaeory note snd this mort~e~e ~ and sa:d
oosta, chsrB~es, and eacpenses ahall be immediaLe~y dus and p~yabls and thsll be secured by the lien of tbis mort6ass,
7. He will oontinuous~ muint~in haurd i~suranoe, of such type or typee and amounta as Mo~tg~ges m~
from time to time require, on the impmvbments now or hereafter on e~dd pnmises and e.~cept when paymen~
tor all auc6 premiums h~ theretoiore been made under ~(a) oi pa~n~gra~?L 2 bereof ~e rvill pay PmmQtly when
due uiy pnmiums tLerefor. All insuranoe ahall be carried ia oompan~ee approve~ by Iliortgagea and the poli-
cies ~ad renawals t~ereoi aLsll be Leld b~ b;orcgagee and h~~e sttached thereto loas psyable cTsuaes in iavor oi
and in forna ~ptable to ths Mortg~gee. In event oi loas he will give immediste notice by mail to Mortgagee, •
and Mortgagee ma~ malce pmaf of bes it not made promptl~? by Mortgsg~or~ aad eac6 insuraaos ouinpaa~ ~ _
ooncerned is Lereby~~ authori~ed aad directed to make psyment for such loas direcyy to Mort~a~ mst~ead at =
to Mortgsgor and Mortgagee joindy, and the insurs~ce pmceeds, or any part there~f may be spp7ied by 1liort- ~
gagee at its option either to the reduction of t,~s :adebtedneea Lereby secured or tc! the restontion or npair of `
tha propesty dsmsged Ia event oi foreclosure of t,his mortgage or other transfer of t,itle to the mortgsged :
property in exwngu~ahment of tLe indebtedneee secured hereby, ~I right, titte~ and iatereati ot tLe Mortga~gor ;
3a and ~o any inaurance policies~ tLen in foroe aball pass to the pur~haeer or gnaLee.
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He will not ezecute or file of record any inetrument ~v6ich imposes a restriction upon the sale or oocu- }
p~ncy of the property described herein on the bsais of ruce, oolor~ or ereed.
9. If the premises, or any part thereof, be condemned under the power oi eminent domain, or acquired '
for a public use, the damages awarded, the proceeds for the taking of, or tLe consideration for such aoquisi- '
tion, to the extent of the full amouat of che remaining unpaid indebtedneea secured •by this mort~a~e, are
hereb~- assigned to the Mortgagee, t?nd his heirs or assigns, and shsll be paid forthwith to .said M-ortgagee
or his nee to be applied on eccount of the last maturing installments of suc6 indebtaesa; provided, hoc: -
ever, th~ortgagLe or his asaignee, may at his discretion pay direct to t6e Mortgagor, Lis heirs or assigns
aay part or all of such award; provided, t6at if the loan is guaranteed or inaured, the oonsent of Lhe gusrsn- "
tor or insurer ia ohtained in advance of saidpa
yment.
i
10. The l~iortgagee msy, et snq time ~en 'ding a suit upon tws mortgage. apply_to the court hevin~ j~irisclir-
tion thereof for the appointment of s receiver, ~nd such oourt aball fortfiwith s~point a receiver ot the premises
cavered hereby all and su~gular~ includin~ all snd singular t6e income~ pro&ta, issuea, and revenues trom ~rhat-
ever aource denved, each and ever~ ~;t ~~.::h it being exprrssly understood~ is hereby raortgag~ed as it specifically
aet forth and deacribed in the granting anc~ habendum clauses hereof. Such appointment shall be made by
such court as sn sdmitted equity and s matter of ahsolute right to said ;~iortgagee, and without reference to
the adequacy or inadequscy of the value of the property mortgaged or to the solvency or insoltiency of said
Mortgagor or the detendariLs. Such rents, profits, mcome, ~asuee, snd revenues ahsll be applied by such receiver
according W the lien of thia mortgage and the practice of suc6 court. In the event ot any defsult on the part
of the :~fortgagor hereunder~ the :ltortgagor a~rees to pay to the ~iortgagee on demand as a reasonabte monthlv
rental for the premiaes sn amount st least eqnivalent ta onc-Lwelfth (y~:) of thea~r~s te of the tweive monthly
installmenta paysble in the tben current year plua the actusl amoun6 ot the annud ts.res, asaeeemeata, water
ntea, aad insurance premiucns for such year not covered by fhe atoressid montWy psymenta.
i 11. In the event of any breach of this mortgage or default on the put of the Mortgagor, or in the event
~ that anq oi said sunos oi money herein referred to be not proraptly and fully paid according to the tenor hereof,
or in the event that each and every the atip ulstions, agreetnente, condihune, and oavenenta of ssid note snd
this mortgage, are aot duly, pmmptly, aad fully pec[ormed or if the Mortgagor be adjudicated banl:rupt or
! m~de defendant in a bankruptqy or receiveralup proceedinp; then in either or sny such event, the ssid sggre-
! gate aum mentioned in aaid not~ then rema}'nu?g unpaid, with interest accrued to thst time, and all money
eecured hereby. s~ball become due and psyable forW?with, or therestter~ at the option oi said 1lfortgagee, Ra
i fully and completely a~ ii atl the aaid aums oi money were originaUy atipulated to be paid on such dsv. sn~ -
~ thing in said note or m lhis mort~age to the contrarx notwithstandiag; and ihereupoa or thereatter, at the option
oi sud Mortg~c~ ~ w~ithout not~ce or demund, swt ~t 1~~r or in equity, m~v be pro~ecuted aa i[ alt monevs
secured hereby~?i?d mstwed ptioc to ita inatitution. 'fhe Mortgagee may foreclose thia mortgsge, as to the
aanount so declared due ~nd payable, and the said premises shall be soid to astiaty and psy the same tagrther
vrith coats expenses~ and ~llowances. In caae of partia! toreclosure of thia mortgage, the mortgaged pmm~ses
shall be so~d aubject to the continuing lien ot this mortga~e tur the atnount ot the debt aot then due At?d unpaid.
In such case the provisions oI this par~gr~ph may agaw be av~iled of thereatter tmm time to time by the
Mortgagee.
t2. No w~iver o! aay covenwt hereia or oi the obligation sec~ered hereby ahall at any time tl~ercufter be
h~eld to be a rraiver of the terms herro! or o! tbe note secured hereby.
!3. The lien o! this inatrumen~ shall remain ia tull torre and ef[ect during iu?y postponement ~r cxtension
oi the time ot payment of the indebtedness or ~?y put thereof eecured hereby.
1~. 1~us mprtgage u given to secure the purchase money, or ~ part thereoi~ ot the I~nds herein deacribed
aad "u e:ecutrd aad delivered contempor~neous~y with the deed thereior.
15. It the Mortgag~or default in ~y ot the coruunts or agreemeata contained hereia, or in said note, thea
the Mortga~ce may perform the same, ~nd all expenditures (including resson~bl~ sttornev's tees) msde by the
Hortg~gce m so domg shall draMr intereat a~ the rate providcd ior in the principal indebtedness, iu?d sli~tl (x
b p.~ble ~hirty (30) d~yr aftu demaad, aad, tc~gethu rrith interest and costa uxruad thereon, sh~ll be secured
7 ~~H+6'e•
t8. UpoA t2~e reque~~ o! !he Mortgage~ ths I?tortqy~or shall execute aad deliver ~ supplemental note or
aotes (w tbe sum or sums ad~ancrd b~ the :ltortgagce (or the alter~uon, moderniz~tioo~ improv~ment, main-
tu?aau~ or rep~ir oi said premises, fot tiuces or ~wnents ~g~inst the sune and for an~ other purpc~e autlior-
ised 6ere~snder. Said aate or notes shd! be srcurrd hereby on • puity rrith ~nd as tully as it tl~e ~.1~ ~nc~
e~ideaoed tbenbr wers iacluded it~ the aote first de~cribed ~bo~e. S~id supplemental note or notes d~~ll be~r
I s00R ~ ~ P~Cf
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