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the de6cieacy. Suchpay a~eat ~hpl~ ¢e~e~ade#~ t~ip thirty (30) d~ys 4iter written notice trom the Mortgsgee ;
stating t~e smount oi the defic~eney, which zidGca n:e?y be ~iven by rt?sil. It at any titae the Mortgeg~or
st,a~l tender to the Mortgagee in wccordance with t,he provis~ons ot the note eecured hereby, fuU p,ymen~
ot tbe entire indebtednees repreeented thcrehy~ the Mort~gagee aa trustee ahsll, in oomput,ing the ~mouat of ~
such indebtednese~ credit to the scoount of the Mor~g~ any credit b~?lunce temeuning under tha pmviaions i
oi oi sRid~p~ragr~ph 2. It there ahe?11 be s default under any oi the proviaiops oi thia mortgsge reauttin i
i~ s public le oi tha premiaes oovered hereby~ or if the 11~tor ecquiraa the pmperzy otherwise att~e
1 t,g~ge~
default, the Mortgag~ee its trustee ehall apply~ a~ the tims ai the commencement of auch proceedings or at
the time the property is otherwise scquired, the amount then re~nsining to credit ot Mortgsgor uader ot
pars~n?ph Z pret~ediu~g as A credit on the inter~est accured and unpaid~ u?d the bstunce to the princip~l then
~8 ~wp~d on sai~l n~?te.
4. He wW pq? aY tu~oe~, are~h„ wa~ee-ra~ey a~d otbee~o~cnmea
t~l vr muiaiatpal e~arse~ Sae~ ae
impo~i~ ta wbiea pe~vidon ba~ not bee~ made bex~eiubdora, and in deiwlt t6ereaE tbs Mo;tp~es m~,Y PU ~
wme; and ~b+?t Ls wiR pcompt~r delivee t6s ot6oW reoeipt~ t6eretor b 36s Mo~tp~ee.
a. ' Ha wi11 permtt, +oomaiit, oc ad[ee no w~s, imp~irn~ea a detsiocatloo at aaid pe~operly a ~r thee~eot
e~ooapi reasoosbk wat and t~r• and in the ereat ct tbs tbs Mor~~ to keep tbe build~i on a~
pi~eoni~a aad tlw~s to bs ereat~ co ~aid pe~emi~„ ae ianperov~e~aeate t~ereda, ~n-~ood reprir tbe Mo~tt~ee twU?
at aroh snd
~ aeh;
lp~ym~en ~bWl~ b~
~ s~d~ fthirf~r (eo) dys
af~d~uu~d. aad r6au seattc~b~
tLs 11~e~ oi tbi~ no?oct~s.
6. He wiit p~y aII and rnsuLt th~s coif+~, d~q aod ~es, inotudia~ ra~ Lwy~er'i fee~, a~od oo~h
at ab~tr~ata ot t~tie, inaured or paid at t~inae bY ~l~ort~E~es becauee ct tbe failurs oa t~he part oi tbs Mort~~ods
P~'~PWY and to pertorm ths a~reea~ents and oo~reoaata of seid pcomiesosy not~e aad this aod
oo~.. ~.~ae., ~.e. ~n.n ue ~~~y a~.~a ~.~a .b.n ~ ~ ~ t~'°~°~.
7. Hs.~ oo~banc~ m.inta~n Lss:~II ie~runn~os, o~.~cL tijpe ort,yp~ and amouata as Mort~ages m.~ ~
tro~n time to tims requu+s, oa~ We impuro~emsnt~ now or bee~eatter on ~aid - snd e:oep~ when ps~men!
ic~. dl such premiums lw fberetofore been atsds nndar (a os par~grarph Z hereoi r?ill p~q promp rrLen
dns an1 premiums tberetor. All insur~a~oe sLall bs ~ in oonnPaaus sPP='oo~ b7' ~a~B~s ~ad ~e poli.
cies aad rsnew~L tLereoi a~hsll be LeLd b~ Mortgag~es ~ud bs~s stt~ched thereto bes p~yable use~ ia fi~or oi
and in ioran i~oeeptabk to tLs M In e~r~ec?t ai bea he will gioe immediste aotace by mail to Mortgagee,
and M m~ mate pa+ooi~~~ it not made P~'amFt~! b7 Mortg~~Or? ~nd e~ch insurnao~s oomp~
n wt~rised and directed to maks p+y~meati for aicL las du~ec to M inrt~ead vt
to Mortgsgor and ~ortgagee joint~y, and the insuraaoe prooeed~, or ~ p~ct thee+e~~ msy be
a~ by 111orw
~gee •t ib option eitber to .the reduction oi the indebtedness Lerebj secured or to t~?e restontioa as re
tbo praperi~ dama~ed. In event of forec~sure of t6is mort~a~~, or otLer t:aaater oi tit~le to the mortg
rag
d
p~+op~,~ in estingu~shment oi tLe indebtednees secured Lereby; alI right, title, and iaterest of the Mortgagor
in and f~? aqy insw~ace pali~cie` tben in fot+oe ehall psss ta ths purcbase~r or grantee. ~
8. He wilt a~ e~zecute or Sle of record sny i~trnment which impoees r~ restriction upoa the aRle ar aocu_ •
pancy oi the property described herein on the b~ais of nos, ooldr, or creed,
9. If Lhe premisee, or any part'thereof, be condemned under the power of eminent domain~ or ac~uired
for a public use, t~he damsges awarded, the proceeds for the tslcing of, or the oonsideratioa for auch aoquis"?-
tion, to the extent of tha tull amQunt of the remsining unpsid~indehtednee~ aecttred by thia mortgage~ are
hereby assigned to the Mortgagee~ snd his heira or ass~gne, and ehall be paid-forth~vith to said Mo- egee
or hi~ ~ee to be ~pplied on a~occ~unt of the Lst me?turing instslLnents of such indebinesa; provided~o~-
ever, the or~g~g~e or hia aaaignee, may at hia discretion psy direct to Lhe Mortgagor, his heira or aasigna ~
any part or all ofeuch award; provided, thst if the losn ia guaranteed or ius~tred, tLe oonseat of the guarau- ;
tor ar inaurer is obtained in advauce of said yment
~
10. The Mortgagee ~y, ?t any time ~en ' a enit upon W~s morrtga~e~sPPly ta the oourt hsving jnrisciic• ~
tion the,reof for the appointaneat of s receiver, and such cowrt shall fo tfiwi a~point a reaiver of the premises
oovered bereby all and singular, includin~ all aad smgulu d?e inoome~ prafits, issues, and rereaues from vrhat-
ever sounx d~ved~ each and every of ~uch it beu'
~e~cpreeely underatood, ia heteby mortgaged ~e if specifically
set fortb an~ deacribed in tLe graatiag an~ habsidum elsuses bereof. Such sppoint,men~ ahaU be made by
auch oourt as an admitt~ed equity and a matter oi absolute right to said Mortgag~e, and r?ithout reference to
tLe adequacy or inadequacy oi the value of the pmperty mortgsged or to the solvency or insolcency oi asid ~
Mor , g~or or the defeadants. 3uch rents prnfits, income, ~sues, and revenues ahsll be eppGed by such receiver
aooo to the lien of tLis mortgage an~ the practioe of such oourt. In t6e event ot any defsuit on t6e part
ot the Morigag~or hereunder, the l~fortgagur a~rees to psy to the 1410 on demaad as a reasonable monthtv
rentsi for the pnmises aa amount at least eqmvalent to one-twrelftb of thea~ega
te oi the tvrelve monthlv
inetallmeata payable in t~e t6en current yeu plua the actual aanount oi the annual tates~ asseesments, water
ntee, aad insunuce premiums for auch year not oovered by the atoresaid monthip payments.
11. In the event of any breach of thie mortgsge~ or default on the part of the Mortgag~or, or in the event
~hat say of aaid suma oi money herein refere+ed to be not promptly and fullp psid according to the tenor hereof,
or ia tbe event tLat ese}~ aud every the etip
uletions, ~+eemen t,s~ conditioas~ and eoven~unts of ssid note and
t,his mo , are not duly~ Promptiy. aad lully performed or ~t the Mortg~gor be adjudicated "bwknipt or
~s
made deten ant in a bwkruptcy or receiverahi~ pmc:eeding~s the~t•ia either or any such event, the aaid eggre-
~n ~ rv
8'~~4 sum=met?tioned '~id note then rem unpaid, with int.erest accrued to th~t time; aud all money
seeured hereby s6~ll 6ecome due ud payab~orthwith, or t6ensfter, ~t the option ot atid 11iortgagee, as
fuUy and compf
etelp as it all tbe asid aums of moaey ~rere originslly atipul~ted to be paid oa auch dsy, an,r-
• ia asid note or in this mo ~o t~e con notavithstand' ; aad Lhereu n or theresiter st the o tion
th~n$ rt$°g° trarY inB Po . P
of aud Mor+tgsgee, w+ithon6 not~ce or demu?d, awt st la~v or in equity, msv be pro~ecuted as if all raoneva
securad Lereby had matw~ed prior to its inatitution. The Mor gee may forecloee tbis mortgsge, sa to tbe
aawunt so declared due aad payable~ and the s~id premises ehatl~ sold to satisfy and p~y the same togetlur
w?ith costa expenses. aud dlowances. In csse of partid foreclosure oi thia mortgage, the mortgaged prnraisea
aLall be ao~d aubject to tLe contiauing liea ot tLis mortga~e !or t2ia amount of the debt not t6en due snd ~wpaid.
In such caee ~he provieions oi this paragraph may sgun ba av~u7ed oi thereaiter imm time to time by ti~e
Mortgagee. . ,
12. No wsiver oi an~ oovenant hereia or of the obligation aecured hereby ahall s~ any time thereetter be
beld to be a waivr,r oi t~ie teims hereoi or of tbe note secured benby. .
13. 1La liea of tbis instrument ahall reaasin in full force and effect during sny postpoaement or extension
af tLe time oi psymenti of t6e indebtednees or any psst theteoi secured hereby.
14. This mortgage ~s given to aecura the purchaee money, or a part thereof~ oI the lands herein deaccibed ~
aa~d is eucuted ~nd de.liivered~ooatempormeoualy with tho deed therefor.
13. If tLe Mortgagor datsalt in any of the covenwta or agreemeats oontained herein. or in s~id note, then
t~?e Mortga~ee may perforra the same, sad all expenditw~es ('including reasonable ettorney's fees) made by the
Mort~a~e in so do~' aLaU draw intere8t at the rate pmvided for ia the prineipal indebtedness~ sad shalI be
reps ~bZe tbirty (30} dsys dter demand, and, tog~ether with iaterest aad costa accrued tberreon, ah,Jl be secured
eo
by mortgage.
18. Upo~ tLs requat of the Mo~ tbe Mor~gagoc shall execute aad deaiver s supplemental note or
notes for the sum or sums advanced by t6e Mortgagee for the ~lteration~ modtraization, improvement, m~in-
teaanoe, or npsir ot said premi~s, for taaes or aesessments against t~ha same aad tor any other purpo~e sutLor-
i:ed hei+eunder. 3aid note or notea sLall be secund heraby on a puity with ~nd as fuUy'as it 1he advaace
e~idenaed tbereby wers included in the note Snt dacxibed above. Said supplemeatal nota or notes s6a11 bear
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