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the deficieacy. Such psym ~~h~~u~~m~de ~~.~i ~y (30) dRys stt~er written aotioe from the Mortgagee
stating the amount of the ~t~d c, h~cl1. ~ps be.~ivea by miul. It ~t e~y time the Mortg~gor
sha~l tcnder to the Mortgagee ~n e~i snce the prov~ons ot the note secured hereby, fuU paymea~
of the entire irtdebtednees representsd ~horeby, the Mortgagee as truatee ahe~U~ in oo?nputing the ~mount ot
such indebtedneee~ credit to the account of the Mortgsgot sny credit balance remairting under the provisions
oi (s) of suid~pacagraph 2. It there ahall be ~ default under any of the proviaiona ot this mortgsge resul~ing
in • public le o[ tha premises covered hereby~ or it tha Mortgsgee soquires the pmperty otherwiee atter
def~ult, the Mortgagee ss trustee shaU apply, at the time of the commencement ot such proceedinga or at
the time the property ia otherwise scquired~ the amount then remeining to credit oi Mortgsgor uader of
para~rsph 2 preceding as s credit on the interest. sccured s?nd unpaid sad the balance to the principsl then ~
remaunng unpaid on said n~te.
4. He wW py al! ta~oe~, assee~menh. wste~ r~~ ~d ot6~~overnmenW a munidPil eti~~'~, ~R or j
impoitioas. for wLioh pe~ovisioa ba~s not beea mads bereinbetore, a~d ia detuult thereot t~Ls Moet~~es m~Y P~U? ~ 3
~ame; and tbst bs wiU pe~omptbr deHvee the oic~al reo~pts tberefor to tLs Mo;t~es. ~
b~. He will Pe~mit~ oom~pit, a aQer ao w~s, i~ap~irm~ a detsrioratton of ea~d pe~opeartjr oe ~rt tbee~eot
emoepi reasooabls we~e an~ ta~r• and ia tbe erent of t6s i~ure ot tLe Mortpaor to Iceep thr b~ on e~
pcamiea ~nd tlw~e to bs erecte~ aa ~aid pebmiee~, a improvemeate thereon, ~ood rePau t!?s Mortp~ee my? l
malce suoL rapaies a~ ia ita diseretion i~ may deem aeoees~ry for proper p~+eservatton thee~eo~, ~nd ths full aa~>unt s
t~he liea ot th~ a~D p4ymen! ~Lall b~ dus aad. p~~ble ~(30) d~ra dt~r dem~and, ~nd ~6a~U be ~ecured bpr
mo~tp~e. f
6. He will p~y aII ~nd dnaular. f~s ooeb, clh~and ~ea~p~ees, inoludins reaa~nsbls Lwysr'~ fees, aad oo~ ~
ot absttaots at t~t1e, inavrred or p~id at~ sny time by ort;s6ee bec~use of tLe failure on the part ot the Mort~or
P'~P~Y ~ ~ P~~~t6s a~e~ah and oovenants of said proaniseory note and tLis mo p~e and e~d
ao~ts, cbar~c~. ~eocpenees ~haD bs immedtate~jr dus ~?nd p~yabis aad ~6sU be.ecured by tLe lien ot
t'!us mort~.`s.
Y: Hs will oontinuons~ m~ntaia Lasard i~suraaoe, of ancb tijpe or t~pes and amounts as Mortgages m~~
from time to time reqmt+e, oa tbe improvemenfs aow or here~iter on said pr~mises and e:oep6 whea paymenL
tor all wch premiums Laa theretofore been made under ~(a) oi paragrsFh 2 hereoi ~?e ~vill psy Pmmpt~ly when
due any pnmiums t,herefor. All insuranoe ahall be cRrried ia oompanies appmve~ by 11~ortgagee aM the poli-
cies and renewals taereof shall be beld b~ Mortgagee and ba~e attached t~hereto loas ~yable c,~suees in iavor oi
aad in form aoceptabls t~o tLs M In e~ea! oi bee he will give immediate notaoe by auil to Mortgagee,
aad Marfgag~es may make .proofa~' oer it not made p~+o~o4pt~j by Mortgag~or? and each i~u~snos oompan~
ouncerned is Lereby~wthori~l aad di:+ected to make psyment for such loeo d~rect.~,y to M~~~ inst~d oi
to Mortg~gor and Mortgage~ joindy, a~d t~ i~uranoe prooeeda, or aqy part tLere~f may be apFtied by 111ort- t
~agee at its option either to tbe reduction of tha indebtednees hereby secured or to t~?e reston4oa or repair oi
the property dama~ed. Ia event of foreclosure of this ano~or other tranater of titie to the mortgaged
pmperty in e=tingu~ahment of the indebtednees secured hereby, right, title, and iaterest ot the Mortgagor
in aad to w inauranoe policie~ tLen in foroe aball pa~s to tLe puir,Laeer or grantee. ~
8. He will not ezecute or file of reoord e~ny inetrument which unpoaes a restrictioa upon the ssle or occu- ~
pancy oi the property described herein on the basis of nce, o~lor~ or creed. ~ '
9. If the premises, or eny part thereof, be condemned under the power of eminent domain, or acquired ~
for a public use, the demages awarded, the proceeds for t6e taking of, or the consideration for such aoquisi- i
tion, to t6e extent of che full amount of the remaining unpaid indebtedne8a secured by this mortgage, are ;
hereby assigned to the Mortgagee~ and his heirs or assigna, and ehall be paid forthwith to eaid Mo
r-t~agee i
or his ee to be applied on aRxount of the last maturing inatallments of such indebtnese; provided~~o~- ~
ever, th~ortgag~e or hia sesignee, m~y s~ his discretion psy direct to tLe Mortgagor, Lia heira or assigna ~
any psrt or all of such awerd; pmvided, that if t6e loan is guaranteed or inaured, the c~onaent of the guaran- £
tor or waurer ia obtained in advance of saidps
yment.
10. The Mortgagee may~ st any time ~en 'dmg s suit upon tWa mortgsge spply.to. the court hevinR jurisdic- '
tion LLereof for the sppointm~t of s receiver~ snd auch court e6aU fort~iwit~? s~point e receiver ot the premises
i ~vered benby all and singul~r~ includin~ all and singular the inoome~ pmfita. ~ssuea, and revenues from what-
ever soume denved, each and every of vr2uch it being expressly unde~stood~ is hereby mortgaged as if epecifically
i set forth and described in the grsnting sn~ habendum clsuses hereof. Such ~?ppoinwtent shall be made by
~ such court ~a m admitted equity snd s mstter oi absolute right to said I~iortgagee~ and without reference to
the adequ~cy or inadequacy of the value of the property mortgaged or to the solvency or insolrencp of said ~
Mortgagor or the tlefendants. Such rents pmfits~ income, ~saues, and revenues ahsll be spplied by such receiver ~
aecordu~g to the lien of thia mortgege sn~ fhe practice of such court. In the event of any defsult on the psrt ;
ot the Mortgegc?r hereunder, the l~iortgagor s~rees to pay to the Mortgagee on demsnd as s reasonable monthly g
rental for the premises an amo~nt at least eqwvalent to one-tweltth Eyf of the aggregate of the twelve monthlv F
inatallmenta payable in the thea current yeu plus the actual autQunt of the annual ta.res, sese~menta, water l
ntes, end inswsnoe premiums for such year not cwvered by the doressid montWy psyments. ;
11. In the event of any breach of this mortgag~e or default on t~e part, of the Mortga~g~or, or in the event '
th~t any of said sums of money berein referred to be not promptly and tuUy pud according to the tenor hereof~
or in the event that each and every the atip ul~tions, agreemente, conditions, aad oovensnts of ssid note end
t6is mortgage,.are not duly, promptly, and fuUy performed or ii the Mortgagor be adjudicated bankn~pt or {
made defendant in ~ bankruptcy or receiveratup proceedings•.t~p in either or wy such event, the said aggr~- ;
gate sum mentioned in said note then rean ' unpaid, rvith u?terest accrued to that time, i?nd al! money ;
secured heteby ahall become due and paqab~ort6with, or there~iter, st the option ot eaid 1liortgagee~ sa :
fully aad comp~etely as if all the said sums oi money were originslly stipulated to be paid oa such day~ anr- ;
thing in aaid note or m this mort{~ag~e to the contrar~r notwithstanding; and thereupon or thereafter, st the option
t~gage~ v
of sud Mor ~ ~rithout nohce or dem~nd, swt at la~v or in equity~ m~v be pro~ecuted ~s if all monevs
secured hereby hed m~tured prior to its institution. 1'he Mor~gee msy foreclose this mortgage~ ss to tf~e
amoupt so declared due aad psyable~ and the said premises shall sold to satisfy and pay the same togrther
with costs expenses. and allowances. In case of putial foreclosure oi this mortgage, the mortgaged pmmises
shaU be so~d aubject ~o the continuing lien oi this mortga~e tor the amount of the debt not then due apd ~u?psid.
In such caee tLe provisions of tbis puagr~ph may again be svaled ot thereaiter from time to tiaae by the
Mortgsgee.
12. No ~irer o~ any ooveuaat herein or ot tbe oblig~tion secured hereby ahull ut any time tl~eres[ter bs
Leld to be a w~iver of t6e t~erms hereof or of tbe note secured henby.
13. The lien of this instrument sh~ll remaiu in iWl forca.and eSect during ~ay postponement or exteasion
of tbe time oi payntenti of the indebtedne~ or aa~ p~rt thereot secured hereb~.
14. 1'his mortg~ge is given to secun the purchase money, or a part thueot~ af the lands herein described
~nd is e~cecut~ed and delivered oontemporaneoualy voith the deed theretor.
1 S. If the Mortgagor detault in aay of the oovenants or agrcements eoat~ained h~rciu, or in said note, t6en
the M m~y pertorm the s~me, and all expenditures ('including reason~ble attorney's iees) made by the
M ~n so dow' gshall dra~r intereat the r~t~e provided for m the principal indebtedness. and sl«ll be
e+ep~ , thirty (30) d~ys Jt~r demaad, and~ to~etber ~vith mtanst aad costs accrued thereon~ shall be secured
b~
16. Upon tLa requ~st ot tbe M the Mortg~gor s6all ezecute aad deliver s supplemcatal note oc
note~ for tLe sum or sums advaacid
b~~Mortg~g~e tor the altsration, moderaization, impmvement, main-
t~enanoe. or npair oi said pe+~misea~ for t~a or as~ea~meats aga~ast tbe sune and for aa~ other purpase autl~or
ised ~+eunder. 3aid note or aotea shaU be ~ecured hereby ou a puity writh and as fuUy as ~i tl?e adv~nce
e~idenoed tbee~eb~ Mero induded in the note 6est dacribed abo~e. 3aid supplemeatsl aote or notes shall beu
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