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the deficiency. Such psyment shall be made wil,hin thirty (30) d~qe atter written notice fm~n the Mortgegee ~
atating ~he amount of the deficiency~ which notice msy be.~ivea by meil. Ii st any time the Mortgagor
eha~l tcnder to the Mortgagee i~ accordance wit.h the pmvis~ons of the note eecured hereby~ tull paymeat
ot the entire indebtednesa represented thoreby, the Mortgegee ss tavstee ahsll, in oomputing the ~?mouat of
such indebtednese~ credit to the eccount ot the Mor~
agor any credit balance remeining u~der the provisions
of of eaid paragtaph 2. If there shall be s def~ult under eny o[ the proviaione oi this aportgage resWting
in s public sale oE the premiaes covered hereby, or it the Mortg~gee acquires the pmperty otherwiee aiter
def~ult~ the Mo~ttgagee ae trust~e ahuU apply, at the time of the commencement of such proceedinga or st
the time the property ia otherwise acquired, the aniount then remaining Lo credit of Mortgsgor uader ot
para~raph 2 precedmg aa a ctedit on the interest accured and u~psid and the bslance to the principal then
remauung ttnpaid on said note. ~
a
4. Hs wlll p,y ~D t~~, :ese~enb. w+?tee si?t~ a~d olhee t~J ae municiPv 1~. ~
lcnpoeition4 for wbicb pe~oviedon has not been mads hereinbetors. aad detsult thereof t6s Morf~ies ao~3? Pq? the
Mme; wd t6at bs wIU promptbr deNver t6e offici~l reo~pts tbereior ~o the Mort~es.
b. He wIll pesmit, oommit, or su~ee no w~t~s, imp~irmea!~ oe deterloratloa ot satd propert,y aaqp pat tha~eot
eo~oepR t~e~eon~We waur snd t~ear• aad ia t7~s ev~! ot ths failure of !he Mort~or to keep Lhs buildin~ on s~ ~
peemises and those to bs ~ on said p~remisee, oe improvement~ thereon, in ~ood npair the Mort~ee myr ~
make w~eh repairs a~ in ite dieoret~on i! muy deem neoeeeary for thepe~per pnsesvation thereof ~nd the full ~aoun0
of eaoh and every aoh pi~,ya~eat ~Lall b~ due aad P~?abis tbirf~~? (,0) dyrs att~er demand. anc~ ~11 be ~ecured b~? ~
tbs lien of t~hi~ mort~e.• . ;
d~ He wtri p4y ail ayd the ~oos~ ' ~e~a +nd eacPenses. indudins rasonuble Lwyer'~ tees, and oosts
ot abstncZs of atle~ iaaurred i~~st any tinne
b~
y~ the ~art~ee because of tbe failure oa the patt of Lhe Mort~or
R~P~Y ~ P~~ ~~nts aod ooveaanta of eaid p~+onuiesory nate aad this mort~a~e . snd aa:d
~u6~, ehaU be immediat~r due aad p~y~bls aad shall bs ~ecured by Lhe liea of tL~s' mortp`s.
7. He w~ oontinuonb~ msitit~un 4ssird in.suranoe, oi such `ype or t~pes and amounta as Mortgagee au~
tr~m time to time requirs, on tLe improtiemente now or Lsi~eatie~ on said tr~mises ~nd eacepti when pa~mea0
tor all suc6 premiuma Las theretofora beea made under (a oi paragrsFL 2 Lereof ~e will pay PrOand tb ~vhen
due ~ny premiums tLerefor. All insuranoe ehall be ~ ia comPan~ee aPPro~ b7 Mo~~ e poli-
cies and rene~wals thereoi sLaD bs hald b~ Mortgagee ~ad h~~e sttached tLereto loss pa~~ble
cTanses in favor oi
aad in form aooept~ble to the M ~g~es. In e~ent of bes ~ wiU give immediste notioe by mail to Mortgages,
aad Martgagee ma,T make prooi~~of loas it noti made prompt~ b~ Mortga~or, and each inwuanos oompan~
ooncerned is hereby~autbori~d aad directed to make payment ior such lo~ direc. to IKo . in~tead oi
to Mortgcgor and Mortgagee jointly, and the insuranoe proceeda. or aqy part there~ may be
i~ed by biort.
~gee st its optioa either to t~a reductioa oi the indebtednees hereby secured or to t~e reston4on or repsir oi
tbe property dama~ed. Ia event of foreclosure of thia mo~~~, or otber transfer oi title to tLa mortgaged .
p~+opert~ in est5ngmahment oi tLe indebtednees secured henby, all right~ tit1e, and interest ot the Mortgagor
m aad Lo aq~ insuranoe policies~ t~Len ia foroe sball pns to the purcbaeer or graatee.
8. He will not ~+zecute or file of reoord any inetrument ~rhich impoeea a restrictioa upon the sale or oocu-
pancy of the property deecribed herein on the basis of r~ce. oolor, or creed. ~
9. If the premise~, or any part thereof ~ be condemned under the power of eminent domain, or acquired
for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such soquisi-
e y
tion, to the extent of the full amount of the remaining unpaid indeb~edness secured b this mor e, are
hereby assigned to the Mortgagee, and his heirs or assigns, and ahall be paid fort6with to said or~
agee
or his aesignee W be applied on atxount of the last msturing inetsllmenta of such indebtness; provided,~6oc~-
ever, tLe Mortgag~e or tus sssignee, msy at his discretion pay direct to the Mortgagor, his Leirs or assigns :
any part or all of such award; prnvided, that if the losn is guaranteed or insured, Lhe oonsent, of the guaran- ~
tor or weurer is obtained in advance of said ymeut. ~ • ~
i
10. The Mortgagee may, at a,py time ~ea ' a suit upon tms mortgage spply.to the ooutt hsvin~ jurisdic-
' tion tLereof for the appointment ot s receiver~ aad such court absll fortfiwit~ a~pout~ s receiver of the premises ~
; oovered Lereby all and singulu~ includ'u~ all and aingular the inoome, profits, ~ssues, and revenues from ~rhst- ~
i ever eource derived, each snd every ot vchich it beiag ezpnasly nnderatood, is 6ereby mortgag~ed aa if epecificsllv ;
~ eet forth ~nd described in tLe granLing aud hsbendum clausea hereof. `Such sppointment shall be made by
such court ae w admitted equity and s mstter of abeolute right to said Mortgsg~ee. and without reierence to
~ the adequscy or inadequacy of the value of the property raortgaged or to t6e solvency or insolrency of said
~ Mo tga~ r or the detendants. Such rents pmSts, income, ~ssuea, and revenues ahsil be spplied by such receiver
aceo~rding to the Uen of this mortgage an~ t6e practice of auch court. In the event of sny detault on the part
of the Mortgagor hereunder, the biortgsgor a~reea to psy to the :1+Iortgagee on demsnd aa a reasonable monthly ;
renta~l for the premises an amount at least eqwvalent to one-twelfth (~f i) of theaggregste of the twelve raonthly s
inatallments payable in the then current yeu plua the actual amount oi the aanusl tsaes~ asseesments, water ;
ntes, snd insuranoe premiums for such year not oovered by the ~foresaic~ montLly psymenta.
11. In the event of any breach of this mortgage or default on the part of the Mortgsg~or, or in the event
that aay of said aums of money herein refen~ed to be not promptly and fuUy psid aoc;ording to the tenor hereof,
or ia the event thst each and every the atipulationa~ agreements, conditiona, and oovenanta of said note end ,
t6ia mortgage,~re not duly, promptly, snd fully performed or ii the Mortgsgor be adjudicated bankrupt or ;
made defendmt in s bankruptcy or receiverahip proceedin~s' then in either or any such event, the said eggre- ;
gste sum mentioned in said note then remainu~g unpud, w~tfi~interest accrued to thst time~ and all money 3
secured hereby s6sU become due and payable fort6with, or thereaiter~ st the optioa ot said 111ortgagee~ as ;
fuUp and comp~etely as it all t6e asid sums of money vrere originully stipulated to be paid on such dsy, an~-
thing in said note or in this mort~age to the contrar~r notwithatanding; and thereupon or thgrestter~ st the option
of sud Mor ~agee,~ ~?ithout not~ce or demsnd~ swt st law? or in equity, mav be prosecuted as if all monevs
secured hereby hsd mstured prior to ife inatitution. The Mortgagee may foreclose tbis mortgsge~ as to tf~e
amount eo declared due and psysble, and the aaid premisea ahall be sold to satiafy and pay the same togrther ,
with costa eupenses, and allowsnces. In case oi putial foreclosure of this mo~tgage, the mortgaged premises
h ~
ahsll be aof d subject to the continuing lien oi this mortga~e for tbe amount of the debt not then due snd impnid. ;
In sucL case tbe provisions of tbis paragraph may agau? be sva~ed of thereafter fmm time to time by t6e ;
Mortgagee. `
12. .~NQ ~r~ivei~ot m~ oovenant hereia or of the obligat~on eecured hereby ahall e~t .any. tittue thereefter be ;
held to be. a waiver ot the terms hereof or oi tbe note secured hereby. ~ ~
13. 'fLe Uen of this instrument shall remain ia full force and eBect durin sn t nement or e~tension ~
8 Y P~ Po j
of the t~me of payment of tLe indebtedness or aay psrt thereoi eecured hereby. ;
I4. 1'his mo~tg~ge ~s given to eecure the purchase money~ or a put thereof, oi the lands herein described ;
and is ezecuted aad delivered oontemporaneousiy with the deed therefor. j
15. If the Mortgagor detault in ~ay of tha ooveaanta or agreemeats oontained herein, or in said note, then
the Mortga~ee msy perform the aame~ and all eupendit,~ues ('including reasonsble sttorney's fees) made by the
Mortgagee m so dou?~ sball drsw interest Rt the rste provided for in the principal indebtedness, and slisll be ~
repa
ya~ble thirty (30) days dter demand, and, together with intereat and co~ts accrued thereon~ shsll be secured `
by t~his mortgage. ~
18. Upon tLe requeat of the Mo the Mortgagor shall esecute and deliver a supplementsl note or ~
notcs for the suin or sums advanced by~e
Mortgagee tor the alteration, modernizstion, improvement, main-
t~euance, or npair of said premises, for tsaes or assessments againat t~he sune and for any other purpose autLor-
ised henunder. 3aid note or notes shaU be secured henby oa ~ parity ~vith and sa lully as if tl~e advu?ce
e~ideuoed tbereby M?et+e 0 R
ed in tbe note Snt dewxibed above. 3sid supplemental note or notes shaU beu
aooK 174 ~~E1298 _