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9. That if the princip~l or intereat on the note herein descri'~ed or any psrt oi the indebtedaeas ~ecnred h
or intesest thereoa be aot paid when due, or ii Mort,~gor ahall tail to pay any tazes. asaessments. chas~a, os inrs~
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ormance oi an ooteass?t t
` ora~em ent herein contained. or if any proceedings be inatit~ted W abate sny nuiasnce on the Mo Premises ' i
or if any proeeedinga be inatituted vvhicl~ might result to the detriment of the use and en~oya4ant oi e premia~+s„ os ~
if Most~agor is adjudicated a bankivpt or inaolvent, or if :ny law ahaU be enacted or deciaion nadered b any oourt ~
oi laat seaort im~osing anY tas or assesament not now in etfect dpop 'this , mortgage„ or the note secu~ 6enby. or ~
any i~teseet oi Mortgsgee in the Mortgaged Premiaes~ or rendering. inoperat~ve the nndert~?kings oi Mortga~or to pay ~
nll taxes :rising Rs R reault oi thia transaction other than taxes on the intereat income herefmm. or whlc6 results
in the deduction irom value of land. for taz purpoaea, of the amount oi any lien hereon. or ~ltering the Lws for the F
taxing of mortga ges or debta secured theseby~ or ii the Mortgagor. without first obtaining the written oonaeAt oi the
Mortgagee,.s all grant, bargain. aell or convey the Mortgaged Psemiaes or any,put thereoi~ including timber~ LZIQA OA
!he happening oi any one or more oi these events~ thia rnnveyance shaA become sbsoluts and the whole ird+ebtedness
secured hereby sh~il immediately become dua and payable at tha option oi the Mortgagee snd this most~a~e msy
thereupon be iorecloaed for the whole of asid woney. intereat and coste. or Mortgagee may lorecloae only as to snnu
put due without injury to thia mortgage or the diaplacement or impairment oi the remainder oi the lien thereof~ ~nd
at auch forecloeure aale the property shall be aold subject to aA remsining items oi indebtedness ~nd the l[ort~aQes
may again forecloee in the aame manner ae oiten as there be any aum past due, #
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10. If at any time dter default by Mort~agor a receivership may be necessary in the opinion of Mortsagee ~
to pmtect the lien hereot. or at the time oi or dter the in~titution oi suit to collect tbe iadebtednas hereby ~eenred.
or to foreclose thie mortgage~ Mortgagee shaU. as sn admitted equity~ and as a matter of strict right and t+egard-
leas of the value ot the pmperty~ os the solvencq or inaolvency of Mort~agor or any party bound ior the payarent
of the indebtednesa have the ri~ht to the appointment, on ex parte applicat~on and without notice to anyone. by any
proper court having jurisdict~on. of a teceiver. which receiver shall hsve all of the broad and effective powesa
and funetiona in any wise entrusted by the court to a receiver. to take charge of. manage, preserve. maintair., care
for and protect the biortgeged Premiaes and to collect rents. isaues, proceeds. produce. profi~ income aud revenua oi
the M~rtgaged Premiaea imm ahatsoever source derived: to make all necessary or neediul repaira and to pmvide !or
the Mortgaged Premises aa set forth in paragrapha b and 6 sbove, and to market the products thereof and receive
and collect the proceeds therewf and auch receivership ahull, at the option of Mortgagee. tontinue until the inll pay
ment of wil auma bereby secured, or until title to the Mortgaged Prem~sea ahall have paaaed on sale under a iore-
closnre oi this mortgsge.
11. Should Mortgagor and Mo~
agee hereafter enter into any agreement modifying or changing tbe tertns oi
thia mortgage or the note aecured hereby in an particular. the righta of the partiea to auch agreement ahall be superior
to the righta of the holder of sny intervening ~ien or encumbrance.
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12. Without afiecting the liability of anype rson (other than any person released pnrauant hereto) for payment oi ~
any indebtedness secured hereby. and without affecting the lien hereof upon any pmperty not releaaed pnrsasnt hereto.
Mortgagee may at any time and from time to time. without notice:
(a) Release any person liable for payment of any indebtedness secured hereby.
(b) Renew the indebtedness. or extend the time. or agree to slter the terms, of psyment of any ot the indebt-
edneas.
(c) Accept additional security of any kind.
(d) Releaae anp pmperty securing ihe indebtednesa.
(e) Consent to the making oi eny ma~ or plat oi the Mortgaged Premiaea. or t6e creation oi any wemeab
thereon or any covenants reatricting uae or occupancy thereof.
13. Ii the indzbtedneaa aecuted hereby is now or hereaftez further aecured by chattel mortgages, pledges, eon-
tncta of guaranty. assignmenta of lease~, or other aecurities, Mortgagee may at ita option exhauat any one or more
of said aecnritiea and the aecutity hereunder, either concurnntly or independently~ and in such order as it msy
determine.
is. No delay by Mortgagee in e~cercising any riRht or remedy hereunder, or otherwise aiforded bq Lw, ahall
operote as s wsiver thereof or preclude the exerciae thereof during the continnance o! any defanlt hereunder.
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~ 16. That the Mortgagor ahsll permit the Mortgagee or its repreaentativea to examine snd inspeet the premisea
~ at sDy reaeonable timea.
~ This mortga~e ahall inure to and bind the heira, legateea, deviaeea, adminiatraton, e~c~ecntors, snocessor~ and
i aasigas of the part~cs hereto. Wherever uaed herein, t6e eingular number ahall inclnde the plnral, the plnral the
singniar~ and the nse of any gender ahsll be spplicable to all genders.
f Mo shall be snbmgeted to the claima and liens of sU parties whose claima or liena are disehar~ed or
paid with~t
egproceed~ of the Zoan secured hereby.
16. The provisions of paragraph 16 are set forth on Exhibit A
consisting of one page which is attached hereto and by this reference
made a part hereof.
IN WITNESS WHEREOF, this mortgage has been duly executed by the ~
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Mortgagor. ~ • j
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~ .gl$Uld~ /ei~la iJld ddl~li'!d
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~ awrence en a er
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Ne e Muc t a er
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~ BOOK ~~1 YAGE 5~~
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