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the defiriency. ~ttch u~~uent sl~ktl Nh n?e~de a~ithin tlii~ty (:i01 days utter written notice [com thc ~fortKa~~~~
SlH~lli~; LII@ NUlOU11I O~t~ie defici~nc~~, w•hich notice mc~,y be ~i~~en by ~nail. lI at any timu th~ ~tortgeKor
sha~l tender to the \1ort~??Ke~ in x~•~•onl:~nce H•ith tli~ pro~~~s~ons ot the note secured hereby, (ull payment,
of the entire indebtc~luess represcntc~cl tlier~~b~ , the ~1or~};agee as trustee sliall, i~ computin~ ihe xmou~t o[
such indebtMin~~, creclit Io the ac•count ot the \tort~,?Kor any crecfit balxr~c•e remainin • under the provisions
o~ (a) ot suid parH ?ruph 2. I( there shHtl be a deGtu~t under any o[ the pro~~isions ot t~~is mort~a~;o resultinR
in a public sxle o~the preiuises co~•erc~! hereby, or i[ the ~lortga~;ee acquires the property otherwise a[ter
default, the \lortgaKee as trustee shall apply, at the tim~ ot the conuner~ce~nen~ of such proceediu~s or at
the time the pmperty is otherw•ise Kcquired, the amo~mt then reinainin~; to credit oi ~lortgaKor under (a) of
paragraph 2 preceding as a creclit on the interest accured anJ unpaid and ti?e balance la the prineipal then
reniaining unpaid on sai~ note.
4. He will pay aU tsxea, aaeeeements~ wster rstea aad otLer ~overnmental or municipsl chsrgee~ 6ne~, or
impoeitiona, for which pmvieion has not been msde hereinbefore, and in default thereof the Mortgagee may pay the
same; and Ws! he will P~P~Y deliver the official reoeipts therefor to the Mortgagee.
b. He will permit, oommit, or ~er no waete, impairanent, or deteriorstioa of eaid pmpertq or sny psrt thereof.
a:cept reaeonable ~rear and tear; and in the event of the feulure of the Mortgagor to keep the buildin~a on eaid
premiees and Lhoae to be erected oa esid pre.q~iaes, or impmvementa thereon, in good repeir, the Diortgagce may
make auch repairs ae in ite diecretion it may deem neoeeeary for the proper preservation thereof~ und the full amount
of each snd every such psyment ehall be due sad paysble t6irty (30) dsye after demand~ and ahaU be secw~ed by
the lien of this mortgage.
6. He will pay all and ein6ular the ooets, c6ar~es~ end ezpeneea, including reaeonsble lswyer'a tees, sad ooets
of abetraats of title~ incurred or psid st sny ame by tbe Mortgagee becauae of the fai;ure on the part oI the Mortgagor
prompWy and fullp to pedorm the ag~eemente :ync~ covenante of eaid promiseory note sad this mortgage~ and sa'sd
ooata, chargea, and e:penaes ahall be immediste~? due and psysble and shall be eecured by the lien of this mortgnge.
; 7. He ~vill oontinuous~y maintain hsasrd insurance, oi auch type or typee snd amounts ss Mortgagee msy
E from time to tune require, on the improvementa now or hereafter on said premises and ercept when psyment ,
Ior all euch premiums Les theretofore been mads under (s) of pt+ragraph 2 hereof, ~e will pav promptly when
i due any premiums therefor. All insurance ahall be carried7n oompanies epproved by 111ortgagee and the poli-
€ cies and renewala thereof ahsll be held by Mortgagee and bave attached thereto loss payable clausea in iavor of
~ and in form ~cceptable to the Mo . In event of loss he will give immediste notice by mail to Niortgagee,
and Mortgagee mey make.proof~ if not made pmmptly by Mortgagor~ and each ineurance oompAny
~ ooncerned ia hereb authonzed and directed to make papment for such loea directly to Mortgsgee instead of
~ to Mortgsg~or and ~ortgagee 'ointly, and the insurauce pmcceds, or any part thereof, may be applied by I11orw
~ gagee at its option either to ~e reduction of the indebtedness hereby eecured or to the restorataon or repair of
~ the propetty dama~ed. In eveu~ of forecloeure of this mortgage or other transfer of title to the mortgaged
~ property in eatinguiahment of the indebtedness eecured hereby, a~i nght, t~tle~ and interest oi the Mortgagor
~ m and to sny inaurance policies then in force ahall pasa to the purchaser or grantee.
~ 8. He will not eaecute or file of record any instrument which imposes a restriction upon the sale or occu-
~ pancy of the property described herein on the bssis of raee, color, or creed.
9. If t.he premises, qr any part thereof, be condemned under the power of eminent domsin, or acquired
~ for x ptiblic use, tt~e danleiges awarded, the proceeds for the taking of, or the consideration for such acquisi-
= tion, to the extent of the full amount of thc remaining unpaid indebtedness secured bp this mortgage, are
~ hereby assignecl to ti?e liortgagce, and his heirs or assigns, and shail be paid forthwith to said Mortgagee
~ or his assignee to be applied on account of the last maturin~ installments of such indebtnesa; pmvideci, hor: -
~ 'e~ er~ the :4lortgegl~e or his assignce~ ma~ at his discretion pay direct to the Mortgagor, his heirs or assigns
~ any part or all of such award; provided, tl~et if the loan is guarantecd or insured, the consent of the guaren-
tor or ~nsurer is obtained in advance of said payment.
~ 10. The ;~tortgegee may, at any time Qending s suit upon tnis raort.gage, epplv to the court hwvin~ jurisdic-
~ tion thereof for the appointment of a receiver, and such court shall forthv?7th appoint a receiver o( the premises
; covered hereby all and singula~, includin~ all and singular the income, profits, issues, and revenues from ~~iiat-
~ ever source denved, each and every of vrhich, it being expresaly undetstood, is hereby mortgaged ag if specificallv
; set forth and descnbed in the grenting and_ habendum clauses hereof. Such eppointment shall be made by
: such court admitted equity and a matter of absolutg right to said ~fortgagee, and without re[erence to
the u cy
of inadequacy of the value of the property mortgaged or to the solvency or insol~ency of said
~ bi tgsgor or the defendants. Such rents, profits, income, issues, and revenues shall be applied by such recei~ er
ac rding ta the lien of this mortgage and the practice of such court. In the event of any default on the part
~ o# e ~iortgagor hereunder, the ~lortgagor agrees to pay to the ~iortgagee on demand as a reasonable monthlv
= r tal for the premises an amount at least eqmvalent to one-twelfth (S;:) of the aggregate ot the Lwelve monthlv
' tallments pay able in the then cunent year plus the actual emount of the annusl tares, assessments, water
~ , and insurance premiums for such year not covered by ~e eforesaid montlily payments.
~ 11. In the event of any breach of this mortgage or default on the part of the tiiortgagor~ or in the event
that anp of said sums oi money herein referred to be not promptly and fully peid according to the tenor hereof,
or in the event that each and every the stipulations, agreements, conditiuns, and covenants of said note and
this mortgage, are not duly, promptly, and fully performed or it the Atortgagor be adjudicated bankrupt or
made defendant in s bankruptcy or receivershi~ proceedings; then in either or any such event, the said aggre-
gate sum mentioned in said note then remainmg unpaid~ with interest accrued to that time, and All money
~ secured hereby, shall becor~e due and payable forthwith, or thereafter, at. the option of said ~fortgagee, es
~ fully and completely as it all the said sums of money were originally stipulsted to be paid on such dat , an~--
~ thing in said note or m this mortgage to the contrsry notwithstanding; and thereupon or thereafter, at the option
:~j ot said I1Sortga~ee, without nat~ce or demund, swt nt lew or in equity, msv be prosecuted as if all mone~s
- secured hereby had matured prior to its institution. _ The ;to~tgagee mey ~oreclose this mortgage, as to the
smount so declared due and payable, and the said premisea shall be sold to satisfy and pay the same together
with costs, eacpenses, end allov?ances. In case of perti8l foreclosure of thi§ mortgage, the mortgegrd Rceniises
_ shalt be sold subject to the continuing lien of this mortga~e for the amount of the debt not then due ~nd unpaid.
In such case the provisiona oi this paragraph may agaw be availed of thereafter from time to time by the
= Mortgag~e.
12. No waiver oi any covenent herein or of the obligation secured hereby shnll at any time tl~ereafter be
held to be a waiver of the terms hereof or of the note secured hereby.
~`=5 13. The lien of this instrument ahall remain in full force and efiect during any postponement or ertension
_ of the time of payment of the indebtednesa or any part thereof secured hereby.
14. This mortgage is given to secure the purchase money, or s part thereof, of the lends herein described
and is executed md delivered contemporaneously with the deed therefor.
15. If the Mortgagor default in any of the covenants or agreements contained herein, or in said note, then
the Mortga$ee mny perform the same, and all expendiE~es (including reasonable attornev's fees) made by the
" Mortgagee in so doin shall draw interest at the rate pro~ided for in the, principal indebtcdness, and shall be
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repsy ~sl~le thirty (30) ~ays after demand~ and, together with interest and Costs sccrued thereon, shall be secured
by this mortgage. _ '
' 16. Upon the request of the Mortgagee the Mortgsgor shall eaecute and deliver a supplemcntsl note or
notea for the sum or sums advanced by the Mortgagee for the altere~ion, modernization, improvement; main-
= tenance, or repsir of said premises, for Lates or assessments against the same nnd for nny other purpose autl~or-
< ized het~under. Said note or notes sLall be secured hereby on a parity v?ith aad as fully as ~f tl~c advance
evidenced ~hereby were included in the note firat described above. Ssid spppiemental note or notes sl?all bear
_ ~~~~K~$1 L~cF~~3~~