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Home My WebLink About2173 _ _ - - - - . - - . _ _ - 3. To place sod contiM?o~sly keep on the buiidings now a hereaher sitvate on said land and on sll eqvipnent ~nd penonaily covered by this mortg- ege, with all premi~ms thereon paid in full, fire insurance in the uwal standard policy form, in a wm approved by the MORiGAGEE, and windstorm inwrance in the vsual srandard policy form, in a wm spproved by the MORTGAGEE, in wch company or companies u tF~e AM1ORTGAGEE may direct; and all fire and wi~dstorm inswance policies on any of said bvild~nga, any interest therein or paA thereof, in the aggregate wm ~faesaid or in excess thereof, shall contain the usual standazd mortgagee ctsuse w s~ch other clause as the Matgsgee may requ'ue, making the loss under said poli~ cie~, eech and every, payable ro said MORTGAGEE ss its interest may appesr, snd each ~nd every suth poliq shall be promptly au:gned and delivered to •ny held by said MORiGAGEE ss further security to said mortgage debt, ~nd, not less than ten (10) days in advance of the expirsYan of each poliq, to de- liier to said MORTGAGEE a renewal thereof, togcther with a ~eceipt fw the premium of such re~rval; and there shall be ~o fire or windsrorm inwnnce placed on any of said bvildings, sny interest N~erein or part thereof, ~nless. in the form and with the loss payable as afwcsaid; and in the event ar?y wm ` of money becomes payaWe under such poliq or pol~cies ssid MORTGAGEE shall have the optan ro receive and apply the same on account of the indebted- neu setvred hereby w to permit said MORTGAGORS to receive ar~d use if or any part thereoi for othcr purposes, without thareb/ waiving w impair- ~ ing any eq~iry, lien or right undcr or by virtue of this r~rorlyage; aod in tfie event said MORTGAGORS shaU for any reason fail to keep the said premises w ; insured, or fail b deliver tl an of said licies of insurance to said lNORTGAGEE, or fail om tl to full an emium therefor w in an ~ P~a^P Y Y Po P~ P Y paY Y Y P~ Y respett fail fo pe~forrA, discharge, e:ecute, effett, complete, tomply with snd sbide by this covenant, a any parf hercof, said MORTGAGEE may plate a~d & pay for s~ch inwrance w any part thereof without waivinp or affectir?g any optan, lierp eqvity, or right under w by virtue of this Mortgage, and the ~ full amouM of each snd every s~ch payment shall be immediately dve and payable and shall bear interest from 1F~e date thereof uroil paid st the rate of nfne per centum per snnum and together with such interest shalf be secured by the lien of this mwegage. 1. To permit, oommit or svffer no waste, impairmem a deterioration of said property a a~y part thereof. 9 5. To pay all and sing~lar the costs, charges and expenses, irxluding a ressonable atto~ney's fce and costs of abstracts of title, incurred w paid at any time by said MORTGAGfE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, execvte, effect, complete, comply with and ab:de by each a~d every the stipulations, sgreements, conditioos, and covenants of said promissory note and thia mwtqa~e arryr or eitber, snd said costs, charges and expenses, each and every, shall br immediately due and payable: whether w not there be notica do- mand, attempt to colket a wit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the rate of nine pe~ centum pe? annum; and all said costs, thsrges and expenses intvrred or paid, togNher with such imerest, shall be secured by the fien of thii ^wrty~p~. . . . 6. Th~f i~ the weM of any bre~ch of this Mortgage or defaulf o~ ihe part of the MORTGAGOR, or (b) in the event any of said wms of money ~ herein referred to be not promptly and'fully paid within thirty (30) days next afrer the same severally becwne due and payable, without demand w notice, or (c) in the eveM each ud every the stipvlations, agre~menb, conditions and covenants of ss~d promissory note and th~s mortgage any w either are not ~uly, pomptly and fully performed, discharged, e:eevted, effected, completed, complied with and abided by, then in either or any such eveM th~ said gregafe wm m~ntion~d in said promisaory note then remaininp unp~:d, with interest scuued, and all moneys secured hereby, sMII become dw and psy- able forthwith, o~ thereafter, p tha Op1~on of said MORTGAGEE, as fully and compktely as if all of the said wms of money were aiginsllr stipulated ~ to be paid on ~uch day, anything in uid promisswy note w in this Mortgage to the contrary notwithstanding; and thereupon or thereafta at the option of ~ faid MORTGAGEE, without notice or demand, wit at law ot in equity, therefwe o~ thereafter begun, may be prosecuted as if ~II moneys setured hereby ~ had matwed prior to iri institution. 7. Thst in the event that •sT the beginning of w st any time pending any wif upon this Mwtgage, w to fweclose it, w to refwm it, a to enfwte payment of sny claims hercunder, said MORTGAGEE shall app!y to the CouA havirg jwisdiction thereof for the appointment of • Receiva, suth CouA shall ~ fwthwith sppoint s receiver of said mortgaged property all and sinyvlar, inclvdu~g all and sirgula? the income, profits, issues and revenues from whatever ~ so~ru derived, each and every of wh~cfi, it txing expressly ur~derstood, is hereby mortgsged u if spec;(ically set fwth and dewibed in the yr~nrinp and habendwn clavses hereof, snd wch Recciver shall Mve all the broad and effective funct~ons and powers in anywise mtrusted by a Court to a Receiver, ~nd such appointment shatl be madt by wch Co~~t as an admined equity and a rrytter of absolute rght to taid MORTGAGEE, sn~i without re(erence to tha ~ adequ~cy a insdequacy qf the wlue of tl?e property mortgaged w to the sotvency or i~solvency of said MORiGAGOR a the defendann, ~nd tFut such rents, profin, inc«ne, iuues and revenues sMll be applied by wch Receiver ~ccwdiny to the (ien w equiry of said MORTGAGEE and the practice of such Co~A. ~ ~ 8. To d~ly, promptly and fulfy perform, dischsrye, execute, effcct, eomp4te, oomply with and abidt br e~d~ aod evt?y the stipulata% ayreements, conditio~s and coven+nts in sa~d qomissosy note ud this mwtyage ut forth. ~ 9. TFut in tM evem tfie ownersF~ip oi tFie mortgsped prem~ses, o? any put thereof, becornes vested in a penon other than tM MORTGAGOR, th~!!°u`'• MORTGAGEE, its sucoeswn and ~ssigrn, may, wirhout ra+ice to tf~e MORTGAOR, deai" with such sucuswr or succeasor in ~nterpt with reference to this~'M" mort9pe ~nd tM debt hereby secured in tM ssme manntr as with Mwtypor withovt iw any wsy vitiatinp or discMr ~ the Mwt • p'np 9~ors' liability her~-~,~ u:?dK a vpon tM deW her~by secwed. No sa~e of tM premises hereby mo.t9a~ed ~nd ra fabear~nce o~ the p+rt of th~ MORiGAGEE a iri successon~~ or assiy~s and no extension oi the time fa tiw paymem of the cfsW hereby sec~red yiven by th~ MORTGAGEE or its succes~s or au~ym, ~fiall op~~» ` ~ ro r~leas~ disclurq~ nadify thany~ or affect tFw wipinal liability of the MORTGAGOR hertin, ~ithet in whole or in put. h- 10. It is sp~c;fically a9ned ri~af tim~ is of the essence of ~his coruract and that ra waiwr of ~ny oblpatan Mre~nder at oi th~ obliyation st ~ cvred her~by shatl at any time thereafter b~ held to b~ a waiva of the terms hereof w of the insu~rnent secvred hetby. ~ e• ~ 11. In add~tion to tix fwego:ng monthly paymenti of princ'pal ~nd inte~est requ~red by the p?om~ssory no~e secured hereby, mortyagor covenaMS and agrees to pay fo mo-rgag~e with Arch yment an ad~ional ~vm eshm~led by mortysgee to be equal to 1/12 oi the annuai cost o~ fA?_!`}tAtow- v R EGt;K t~~ x . : " . - - £ r_:. . , ~~~~m~