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Home My WebLink About0644 . - _ _ _ . _ , - .ti . . ' , t1 . _ e ; a ~ 3. To place and continuously keep o~ the buildings now or hereaft~r situate on said land and on all equipment and perso~slly covered by this monp- sge, with all premivms tF~ereon paid in full, fire insurance in the usuai sta~dard poticy form, in a wm approved by the MORTGAGEE, and wi~dstorm insurance io the usual uandard policy fwm, in a wm approved by the MORTGAGEE, in wch company , or tompanies as the MORTGAGEE may dirctt; ~nd sll f've and windstorm inwro~ce policies on any of taid buildings, any interest therein or part thereof, in the aggregate svm aforessid or in excess tAereof, shsll contain the usual standard mwtgagee clause or such other dause as the Mortgsgee may require, making the loss under wid poli~ cies, esch end every, payable to wid MORTGAGEE as its interest may appear, and each and every s~ch poticy shall be promptly au:gned and delivered to any held by said AAORTGAGEE as funher security to said mortpsye debt, and, not kss than ten (10) days in advance of the expiraYwn of each poliq, to dr liver to said MORTGAGEE a renewal thereof, together with a receipf fw ihe premium of suth renewal; and there shall be no fire o? windstorm inwrante placed on any of said buil~ngs, any interest therein or part thereof, unleu in the fwm and wifh the loss payabk as aforesaid; and in the eveM any s~m of moe+ey becomes payabk under such polecy or policies said MORTGAGEE shall have the option to receive and spply the same on accovnt of the indebted- neu secured hereby w ro permit said MORTGAGORS to reoeive and use it or any part thereof for other purposes, without thereb~ waivi,r~ w impair- irg any equity, lien o? right under or by virtue of this mortgage; and in the event said MORTGAGORS shall for any reason fail to keep the said prem'ises so insured, or fail fo deliver promptly any of said policies of insurance to said MORTGAGEE, w fail promptly to pay fully any premium therefor w in any j mspect fail ro perform, dixharge, execute, effecL complete, oomply with ~nd sbide by this eove~snt, or aoy psrt hKwf, said MORTGAGEE may pl~u snd ~ pay fw wtb inwrance or any part thereof witho~t waivirg w affecting any option, lien, equity, or right under or by virtue of this Mwtgsge, and the full amo~nt of each and every s~ch payment shall be immediately dve and payable and shall besr interest from the date thereof vntil paid at tha raM of nine per centum pet annum and together with suth interest shall lx setured by the lien of this morigsge. 4. To permit, cammit or suffer no waste, impairment w deteriorotion of said p?operty w any part thereof. 5. To pay all and singular ti~e cosh, charges and e:penses, inclvdi~g a reasonsble attomey's fee and costs of abstracts of title, incvrred o? paid at any time by said MORTGAGEE, because d in the event of the failure oi+ the part of the said MORTGAGOR to duly, promptly a~d fully perform, discharge, sxecute, effett, compkte, comply with and abide by each and every the stipulations, sgreemenn, conditiau, snd covenants of said pramiuwy note and this ~ mortgage any a eitF~er, and iaid costs, chsrgd and expenses, each and every, shall be immediately due and payable; whether w not tlxre be ~otice d~ mand, attempt to wlkct or wit pendiny; and the fvll amouM of each a~d every such payment shatl bear inter~t from the date t!?ereof until psid N the ~ rate ol ni~e per cemum per annum; and all said costs, charges and expenses inwrred w paid, togetFxr with :uch interest, shall be secured by the lie~ of this 'norty~y~• 6. That (a) in the event of a~y brcach of tha Mwtyage w default o~ the part of the NtORTGAGOR, a(b) in the event sMr of aaid sums of mo~ey herein referred to be not promptly and fully paid within th~rty (30) days nex~ aftc. the same severally become due and payable, witho~t dcma~d or notice, or in the event each +nd every the stipulations, agreements, conditions and covensnts of sa~d promiuwy note and th~s mortga9e a~y w either are not ~uly, promptly and fully performed, d~uhar9ed, executed, ~ffected, completed, comptied with end abided by, then in either or ~ny such event IFK said ap~ grey~lt wm mentioned in s~id promissory note then remaininp unpaid, with iMertst acaued, u+d all moneys secured i~ereby, sh+ll betome dw and pay- able fwthwith, w thereifeer, at the option of said 1NORTGAGEE, u fully and completely •s if all of the wid wms of money were orginslty stipulated to be paid on wch dsy, a~ything in said promissory rate or in this Mwtyage to the contrary notwithsta~ding; snd therevpon a thereafter at the option of said MORTGAGEE, wi~how ~+orice w dem~nd, wit N law w in eq~itr, therdor~ or thertai ser begvn, may be prosecvted u if all moneya secured haeby had matwed prw? 1o i» institution. . ~ 7. That in the event that at ths beqinning oi or at any time pendiny any wit upon tF~is Mwtgaye, or ro foreclose it, or to refwm H, o~ to ~nfau paymem of ~ny claims hereunder, said MORTGAGEE shall ~pply to the Carn havinp j~risd~ction thereo( for the appo~Mment of a Rcceive~, such Courf siwll ~ fathwith appoint a receiver of said m«tpsged poperty all and sin~ular, includ~ng aU ~nd sin9ulx the income, prol~ts, issues snd revenues from wMt~w~ sourte d~rived, exh and every oi wh~ch, it beinp expressly understood, is herebp mw~gased as if spec~iically set fath and described in the ~rantinp and hsbendwn clauses hereof, and such Reteirer shall have all the broad ~nd effective f~nct~ons •nd powers in anywise entrusted by • Covr1 to a Receiva, and ~ such appointment thall be made by ~uch Court af an ~dmitted eqvity and a maner of absolute rigM to s~id MORiGAGfE, and without ro(nente to tM ~dcq~acy a inadequxy of the valu~ ot the p~operty mort9syed w to the wtv~ncy w insolvency of said MORiGAGOR or rhe defendann, and tMt such rents, profin, intorne, iuues and ~erenuts shall be applied by such Receiver ~ccotd~ny to the lien or equity of said INORTGAGEE and the practice oI s~th ~ CouA. ,'t~ 0. To d~ly, promptly ~nd f~lly ppfwm, discharye, execut~, eEfect, comptere, comply with ~nd sbide by each ~nd every ~h~ stip~rl~tions, ayresrt~tnta, ~ conditioru and cover?~MS in sa~d prom~ssory not~ and this morty~ye set fa1h. 9. That tn the eveM the ownership of ~hs mortgaQed premises, w any p~tt thereof, becomes veited in • person othe~ than th~ MOtTGAGOR, th~ ~ MORTGAGEE, its wcceasws and aui9ro, may, without notice fo the MORTGAOR, deal with such successa w svccessw in i~sereH witA r~fer~nce p thq mort~aqt and the debt htrcby fecwed in the ssme manner af with JNortyagor witlw~?f in ~ny w~~ viti~tirq p dixl»~pinq tht Mwty~ors' li~bility htr~- ~ undH a upon the deb~ he~cby secwed. No sal~ oi the prem~ses hereby mor~qaped and no fab~arance on the part of tM NIORiGAGEE w its wcc~sson a~uiQ~s and no e:~ens~on of the time fw the payment of the debt hereby tecwed yiven by ~h~ MORTGAGEf a in iucu~sws ot usi~m, .MII op~rat~ to r~Nas~, discMrp~, modifr ct~arg~ or ~ff~d tM oriy~n~l IiabJ~ty oi tM MOR~GAGOR ha~in. eitF~ in wFw1e w in put. 10. It is tp~ufically ~q.ead ~hat tirrw is ol the essenc~ of ~his contr~ct ~nd that no w~iwr o( any oblcy~+~on heie~nde~ a oi tM oblipatio~ st CYf~ IM/f~ ~IMII N My 1~I11t fANNNK b! II@W f0 w~iver of tht terms he~eof w of ~he irutrwnent Ncv~ed herby. . 11. In add~tion ~o ~he fw~go ny rtw~rhly psymems of prinCpal and inferest requ~red by ~he p.om~ssory no!e sccvred hereby, morrq~Qor cov~?anH a~d apre~s to p~y ro mortya~~ witl~ exh momhlY paYmenf ~n ~dd~~ionsl sum est~mated by morty ~0 1 J12 0( rhe .nnw! cwt of 1he folbw- . .Fa...a.~ ~wn..~w.~e...~. s...~.,-~.~. __~..,..--~~...~..,...-.,__-~-.~.r-.._~-._ . . ~ _~~It~1t.~