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the defic ency. Such payinent shall be made v?ithin thirty (30) dsys atter written notice from'the Mortgagee
stating ~e smount o( the deficiency, which notice may be given by mail. If at any ti~ne the Mortgegor
sha~l tender to the Mort,~agee in~ t~icoQrc~auce wit~ th4 provisions of the note aecuced heraby, fuA psyment
of the entire indebt~dness rep~nted ~tiereby~ ~h~ Mortgagee as trustee shall~ in oo~nputing the smouat of
such indebtedness~ credit to tt~e account of the :~iortgagor eny credit balance remeining under the provieiona
oi (s) of eaid para~raph 2. Ii there ahall be a de~eult under any of the provisiona of t~his mortgage resulting
in a public sale oi the premise~ co~ered hereby, or if the Mortgagee scquires the property otherwiae after
detault, the Mortgngee as truatee ahall apply~ at the time of the commencement oI such proceedings or ~t
the time the property ia otherwise acquired~ the amount then remaining to credit of Mortgsgor undet (a) of
para~raph 2 precedmg as a credit on the interest accured and unpaid and the balance to the principal then
remeunu~g ~:npaid on eai~l ~nte.
4. He wvl pay a0 ta~oe~„ a~ee~emenb, wat~ee rates, and other~o
vernment~l oe municiPv ~~?TR~, ~
ienpodtione, for wLieh provieion has not beea made hereinbetore, and in deisult t~hereo~f t~he Murt8~6~ ~?Y P~IY ~
s~me; ~nd tbat hs wi11 prompf~y ddiver the o8'iaal reo~ph therefor tA tLe Mortaagee.
b~. He will permit~ oommit, or euHer no w~s, impairmeat~ or deterlontlon of eaid prope~ly a~aqy part thereof
emoept nawnsbls wear aad tear• aad in tbe eveat of tbe t~lure of the Mort~or to lceep the building~e on eai~
pnmises aad those to bs erecte~ oa s~id pe~emie~a, or impcovemeab thereon, in ~ood np~ir the MortB~ ~Y
maloe eueh rep~irs ~s ia ita dieerstion it msy deem neoees~ry for Lhe P~'oPer preeer?stion thereo~, and the full ~nnount
of eaoL and eyery atoh p~yment ahaII be dus and P~Y~ ~Y ~ aft~ dea~an~l, and eball be eecured by
tLs li~ ot this`nnort~e.
6. He will p~y all and dn~uLr ths oosts, and espensee, ineluding reseor.abk Lwyer's feee, and oo~
aE sbatraata of title. inaurred or psid nt ~ay time
~~oit~gee becauee of the failure on the part of the Mort~~
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Pt'~P~Y and i t~o pertorm the ~roementa and oovenaat8 of esid pro~nimory note snd this mort~age, an~ aiid
ooste, char~es, e:penees ahall ba l~oao~ediatebr due and p~ysble and ahall be eecured by the lien of tlue mott~e.
7. He wrill oontianonabr maintain Lasard i~uranoe, ot such type or t~pes and smounta as Mortgagee m~~
from time to time require, on the impmvements now or hereaket on eaid pr~miees and eacept vvhen paymeaL
tor all such premiuma h~a tberetofors been made under ~(a) of par~graFh 2 hereoi ~e ~vill pqy prompt~y when
due any premiums t6erefor. All insuranoe ahaU be carried in comPwies uPProve~ by 1liort~agee sad the poli-
c~es and renewals thereof eLall be beld by Mortgagee and Lava attached thereto loes paysble cfauses in fsvor oi
and in form aooeptable to the Mo gagee. In eventi of loas ha will give immediate notice by mW to Mortgagee,
~ad Mortgagee msy mske,proof
of loas if not made pmmptly by Mortgsgor~ and ea~h insunnoe o~mpaq7
oonoerned ia hereb sutbonaed and directed to make psyment for such loea directly to Mortgsgee instead oi
to Mortg~gor aad ~ortgageo joint~y, and tLe insur~ace prooeeds, or aqy par~ t6ere~f map be spp3ied by I11orw
~~gee at its option either Lo the reduction of the indebtednees hereby eecured or to tihe restoration or repair of
the property dama~ed. In event of forecloenre of t~his mo or other trsne~fer oi title to the mortgsged
p~operty in e~ctingu~shment of the indebtednees eecured Lereb~s~l right, title, i?nd interest ot the Mortgagor .
~a aad to aqy inaurance policies then ia foroe shall psss to the purcbaeer or gcant~ee.
8. He will nat c+zecute or file of reoord any instrument ~vhich impoaes a restriction upon the sale or occu-
pancy of the pmperty described herein on the bsaia of rsce, oolor~ or creed.
9. If the premisee, or any pert thereof~ be condemned under the power of eminent domain, or aequired
for a public use~ tl~e damages av~arded~ the proceeda for the tsking of, or the consideration foi such acquiai-
t.ion, to the extent of the full amount of the remaining unpaid indebtednesa secured by this mort~age, are
hereb~ assigned to the Mortgagee, and hia heirs or assigns, end ahall be paid fortLwith to said Mo~agee
or his ass'~g n~ee to be applied on account of t6e last maturing instsUments of such indebtnesa; provide~l, ow-
ever, the Mortgagee or his ass,ignee~ may at his discretion pay direct to the Mortgagor, his heirs or assigns
any part or all of such award; provided, that if the loan is guaranteed or insured, the consent of the guaren-
tor or insurer ia obtained in sdvance of saidpa
yment.
10. The 141ortgagee msy, st snp time ~en ~ding s suit upon tms mortgag~ , apply to the oourt hsvin~ jurisclic-
i t,ioa thereof for the appointment of s reoeiver, and such court sball fort6with appoint s receiver of 1he pro~nises
j ouvered hereby all and singulsr, includin~ all and singular the income, pro8ts, isaues, and reveaues from Khat-
i ever eource denved. each and every of which it being expressly understood, ia hereby mortgsged as if specifically
; set forth snd described in the granting an~ habendum clsuses hereof. Suc6 appointment ahall be made by
' such oourt ~s an admicted equity and a mstter ot abeolute right to said Mortgag~ee, and without referenos to
the adequacy or insdequacy of the value of the pmperty mortgaged or to the solvency or insol~ ency of said
Mortgag r or the defendanta. Such renta, profits, inoome~ issues, and revenues ahsll be applied bv such receiver ;
accord~'ng~ to the lien ot thia mortgege and t6e practice of such oourt. In the event of anq default on ~e psrt ;
ot the Mortgsg~or hereundu, the :1lortgagoraprees to psy to the'•1~Io on demand as a reaeonable monthlv
reutal for the prem~ses an amount at least equivalea6 Lo one-twelith of theaggregate of the twelve monthly
inatallmeats payable in the t6en current year plua the actual smount of the annusl taxes, sssesameats, wster
nt~s, aad insuranoe premiuma for such year not oovered by the aforesaid moat3ily psymente.
1 l. In the event of any breach oi thia mortgag~e or defsult on the part of the Mortgager, or in the event
tLat any of said sums oi money herein referred to be not pmmptly and fully paid according to the tenor hereof
or in the event that each and every tbe stipnl~tions, agreemeata conditiuns, snd covenants of said note en~
this martgage, are not duly~ promptly~ and fully performed or i~ the Mortgagor be adjudicated bsnkrupt or
made defendant in s baakruptcy or receiverahi~ proceedinp; then ia either or sny such event, the said aggre-
r
gate sum mentioaed in aaid note then rem unpsid, ~?iith interest sccrued to that time, snd all monev
eecured hereby ahi?ll beoome due and psyab~orthwith, or thereatter~ at the option of said I11ortgsgee~ as
v
tully and oomp~etely as if all the said sums of money ~vere origin~lly sti ulated to be paid on such day, an~ -
tbing m eaid note or m this mort~ag~e to the oontrar~ notwithstand~ng; an thereupon or there~fter, et the option
of said 11~ort~sgee~~rithout notice or demand. swt at lsw or in eqmty~ msv be pmsecuted aa if all mone~ a
~ecured hereby l~t?d matured prior to its institudon. T6e Mortgagee may foreclose thia mortgege, as to t6e
amount so declared due and payable, and the said premises shall~e sold to astisfy and pay the same together #
~vith coeta ezpenses~ and allowances. In case of putial torecloeurE of this mortgage, the mortgaged prem~ses
~ ahall be eof
d subject to the continuiag lien of this mortga~e i~r the amo~ent of the debt not then due end unp~+id.
In sucL caee the provisions ot thia puagraph may ~ga~n be svailed of thereatter Irom time to time by +he
Mortgagee. r ~
12. No wraiver of any oovenant hecein ot of the oblig~t+oa secured henby ahall at anq time therce(ter be ;
held to be i w~iver ot the t~erms hereoi or of the note secund benby.
13. Tbe Ueu ot fhis instrument ahall remain in iWl force and eBect during any postponement or P!ctension
of the time oi paymeat of the indebtedneas or any part thereoi secured henby. `
14. This mo is given to ~ecure tt~e p~rc~?ase money~ or ~ part thereof~ ot the lat?ds herein described (
~ec
aad is ezecuted an elivered oontemporaneoualy ~nth the deed therefor. . =
1 S. If tbe Mortgagor detault in aay of tbe oovenanta or agrcementa contained herein, or in said note, t6en ~
~ the Murtga~ee may pertorm tbe same, sad aU eacpenditures (iacluding reaeonabte attorney's fees) mule by the ~
Mortgag~e m~o do?'n~ s6all dr~?w intecea~ at t!u r~te provided (or ~n the pnncipal indebtedness~ und sl~~ll lx '
npayi~ble thirty (30) dayr alt~r demsad~ and, together rrith intere~6 sod oosts acr.rued thereon, ehall be secured s
b, thi. mortgage '
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18. Upon tbe request of tbe M the Mortgagor ~haU ~ecute ~nd deliva ~ supplemental aote or ;
note~ tor the suan or suua ad~aac~d b~ 1liortgagee tor the alteral,ioo. moderuiution. improvement, main• :
t,eaanoe, or npair oi s~id premises, tor tasea or a~nenta against the saa~?e and for any other purpose autlw~- `
ised benunder. 3a~d note or notrs a6all be secured hereby on s panty writh and ~s iully ~s d the adv~nce
e~idene~ed thenby wero iocluded in t6e not~ f~a 'bed ~bo 'd supplemental aote or notes ahaU beu ;
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