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the deficiency. Suchp~y ment ah+~ll,b! w~e withi~ 1h~ty (30j d~ys dts~ writte~ not.ice tcom the ~iortg~gee
atati~g the emount oi the deficioqcy wlath notice~ ~X.be ~ven by mwil. It at sny time the ~iortg~or
aha~l tender to the Mort~~ee in acc~rdunce with t,he provis~ons oi the note secuced hereby~ fuU psyment •
oi tha entire indebtedneee repreeented th~reby, the Mortgsgee ss trustee shsU, in compu~ing the ~mount ot
such indabtednees, credit to t,he sccount ot the Mort~s~or any credit b~lance rem~ini~g under the provisions
oi (t) ot ssid paragr~?ph 2. I~ there shall be ~ deisult under any oi the provisions oi ~his mortgage reeulting
~ in • public aa6a o! ~he premiees oovered hereby~ or it t,ha Mortgsgee scquiree the property otherwiae ~?fter
defs u
l~, the Mo~t~gee as trustee ahsU apply~ ~t the tima o
f t
6
e commencement o f suc h p
r
o c
e e di~gs or ~ t
ths time the pro~er~y is otherwise scquired~ the smount-then remi?ining to credit of Mortgsgor under (a) oi
pa~rsph n
p~ A~ it on the i~tereet accured snd unpaid and the bslance to the principal then
~8
He wtU py all ta~er, arermeab„ wate~ est~„ aod otber~ov~m~
W a munid{~1 e[ur~ee~ Sne~ os
imPodt~ioaq, fae ~?Liab pe+oviatoa bas been ma3e Le~~eiabetore, snd ia defwlt theeboE Lhe Mor~i+~i'~ nW? P~U? ~
~une; aad ~haL bs wlil pe~omptUr deliver iLs o~dd reoeip4. t~retot to t6s Mo~t~ea
• 6. He will permit~ `oommtt, a e~f[ee no waa~s, lmpaiea~ a~ deL~lioa of aa[d prope~y ae th~eot
eaeoept rea~oosbiswe~ and t~r• ~nd in tbs event d i6s f~i~ure ot the Mort~or to keep tbe b~ on sak~ .
premi~e~ aod tlw~e tA. bs e:eete~ oa asid prami~es, or improvements thareun, ia ~ood np~ir tbe Moct6*aee ma~?
malc~e woh ~epaies as i~ if~s disac~etioa it m~y deem neoeeeary for the proper preeervation tLeceo#. ~nd the fWl aawuat
ot aob and every wdi p~ymenti tbaIl bs due ~ad P~Y~ ~~Y ~ atter deman~ aad ~6a11 bs ~ecured by
tbs lien ot t~ morf~e.
d. He w~II pay aII aad ein~~Lr L6s oods, and eacpeases, inaludins rasun~bk Lwyer'~ feee, ~ad oosw
a
ct sbst~raat+~ oi tltk, inaurred ot paid at aay time
t~o=t~ee ba~use of the failure on the par! of the Mo
and i to ~m ths :a~reemenb and Qovenants ot e~id pro~nie~eury note and this anor~ga~e. s~'sd
~a~, ~~Penses a~l C~e im~m~ediats~? dus and p,ysbis and ehaU be secured by the liea ot this mort~s. -
7. He w~l oontinuo~m~ym~
'y~b~~e+~ insuranoe, oi such ~ype osf,ypes and aanounts ~s Mortgagee ma~
irom time to time req~tire, Qn t~s impruvemsnts now or Lereatter on esid prun~ses~ ~nd exoepC ~vhea pa~nnenti
premiums has tLer~Oiore been mads unde~" (s of ~r~g~a~h a hereof Le will p~y prompdy when
tor aIl such n
due any prem~ums theridorc: : A~1 ~ha11 be ~ in oom~n~ee approve~ b~ I?1o~ and tbe poli-
ci~es and rene~vals tLereoi ahaII be ~artgagee ~nd ba~e altac6ed tLereto loes payable sueee in favor of
and ia fotm ioosptable t~o tLs M In e~rent of loae he wiU give immediate notioe by mail to Mortgagee~
and M4rl~ga,~es ma~ maica prooiQ~~ .if mti mads p~+~mpt~y b~ ~ortg~orj aad e~ch insnraaos oompao~
oonoerned is hereby~autLori:ed aad directed to mai~e p~yment for such loes du+ec. to Mo~~y~ instead ot
t~o Mortgsgor and Mortgage~ joint~y, aad tLe insuraaoe prooeeda, or aqy part there~ msy be apF7ie~-by 111ort~
at its optioa eitLer to tbe reductioa of the indebt~edness hereby secured or ta t'he reston4on or repair of
io
propert~y daanaged. In event oi foreclosure oi thie mo~tg~ or otLer tranater of tatle to the mortgag~ed
p~operty in t of tbe indebtednees securad Lereb~, all righ~, title, and interes~ of the Mortgagor
in and to w i~ursnoe policies~ tben in foros sLall pass to the purchaeer or g~antee.
8. He w?ill nod ezecute or Sle of record any inetrvment whicd impoees s restrictiun upon the sale or oocu-
paacy of the property described herein on the basis of nce. oolor~ or creed.
9. If the premise~, or any part thereof, be condemaed under the power of emineat domain, or acquired
for a public use, the damages awarded~ the proceeds for thets~ag oi, or tihe consideration for auch soquisi-
tion, to the eatent of the tull amount of the remaining unpsi'd .inde~tsdnesa sec~re~.b , this mort,~sge, are
hereby assigned to the Mortgagee, and hia heira or assigns, and ~ahtll' be~ ~aid fortharit,~ `tQ seid Mortgagee
or his ee to be applied on accoun6 of the last meturing instalLnents of such indebtnesa; pmvided,Lo~-
ever~ th~ortgagLe or his aesignee, may at his discretion pay direct to the Mortgagor, hia heirs or sasigna
aqq part or all of auch awArd; provided, that if the law is guaranteed or insured, tihe oonsent of the guaran-
Lor or insurer ffi obtained in advance of saidpsymeat. - -
10. The Mortgages may. st an time pen
'dmg s suit npon ttus mor ~ spply_to-the cwurt having jurisdic-
yt me
tion thereof for the ap intment~oi a receiver, and such oourt shall fo anth a~poutt s nceiver of the premises
eoven~d Lenby all ~singular. includin~ all and singular the inoome~ pmfita, ~sues, md revenues from ~rhat-
ever souroe denved~ each and every ot vrWch it being ea[preesly understood, is herebq mortgsged as if specifically
set forth aad desr~bed in tLe gca~t.in~ng m~ hsbeadum dauses bereof. Suc6 appointment ahall be made by
I~ s~ch court aa an sdmitted equity snd s matter of sbeolute rig6t to said Mortgagee, and vrithout reference to
i the sdeqwcy or inadequacy of t6e value of t6e property mortgaged or to the solvency or inaolrency of said
? M or the defendanta. 3uch rents pmfita, income, ~ssues, and reveaues shaU be applied by such receiver
acoo~~~to the lien of thia mortgage an~ the pn?ctice of such oourt. In the event of any defsult on the part
of the Mortgsgor hereunder, the Mortgagor a~rees to psy to the Mor on demand as s resaonable monthly
rental for tLe prem~see m unouat~at leaat eqwvalent to one-t~+elfth of thasggregste of the t~velve monthlv
instsllments payable in the then current year plus the actusl amoun~ of tLe annud tsaces, assesements, v~rater
ntes, and inaurance premiuma for such year not oovered by t6e atoreaaid monthly psyanente.
21. In the event of any breach of this mortgage or default oa the pu~t of.the Mortgag~or, or in the event
that any of asid sums of money herein refen+ed to be not promptly and fully-pud according to the tenor hereof,
or in the event t6at each and every the atip ulatians, agreemeate oo~ditions, aad oovenants of asid note ~nd
this mo~, are not duly, prompdy, astd fully performed or i{ the Mortgagor be adjudicated banl:rupt or
made defen snt in a bankruptcy or receiverahiF proceedin~s; thea,in eitber or anp~ ~ch event, the said aggre-
gste sum-mentioned in said ~{ote.then~~aain~ng unpsid,,with intereat scctned to`thst time~ and sll money
' eecure~=liereby` ~a11 become due at?d psysble forthwith, oi ttuiea'iter~ st tbe optio~i of said 11iortgagee~ as
tully and oomp~etely sa ii all tLe said sums of money were originally atipulated to be paid on such day, anr-
thing m said t~ote or m this mort~age to the oontru~ notvvitbstanding; and thereupon or theresfter
:st the option
of satd Mortg~gee,~vithout not~e or demand, swt at ls~? or in eqnity, mav be pm~ecuted ~a if all moneva
secured hereby had matured prior to ita institution. The Mortgagee msy foreclose this mortgsge, sa to t6e
amount so declared due and payable, aud Lhe said premises ahall-be aold to satisfy and psy the sune together
with c~oats eacpensea, and allowaacea. In case of psrtial forecloaure of t~is mortg , the mort ged pmmises
~
shaIl be so~d sub~ect to the continuing lien of tbis mortgage for the amount of the de L not then ue and ~mpaid.
In such caee t~?e provisione of tLis paragraph may agau~ be sva~led ot thereaiter trom time to time by the
Mortgagee.
12. No waivet of aay oovenant herein or of the obligstion eecured hereby sh~?11 st any tune therna[ter be
aeld to be s waiver of the terma hereoi or of the note secured hereby.
13. The lien of tliis instrument atull remaia in tull force u?d effect during ~ny postponement or extension
of the time of payment bf t6e indebtedness or anp part thereof secured hereby. ~
14. 1'his mortgage ~a givea to secw'e the purchase money, or s pstt thereoi, of the lands hereia described .
and is ezecuted and delivered oontemporaneously with the deed therefor.
15. Ii tLe Mortgagor defwlt in any oi the oovenaata or agreementa c~ntained henin, or in said aote, then
the Mortga~ee may.perform t1?e sune, aud sll expenditures (including reasonable sttomey's fees) mu~e by the
Mo tgagee ~n so do~ abaU drrnv interest a~ the rate pmvided for in the principal indebtedness, snd s1isU be
repa sb7e tbirty (30) days after deaamd~ and, together with interest and costs accrued thereon, ahaU be secured
by ~ .
16. Upoa the request of the Mottgagee the Mortgagor shall execute and deliv~ s supplemental qote or
notes for tLe sum or sums advance~ by the Mortgagee for the alteration, moderniz~tion, uapmvement, main-
~,euance, or repair of said premises, for ta~ces or asseesments against tbe asme sud for any ot6er purpose autlior-
ised henundu. 3aid note or notes sh~U be secure~ herebq on • parity with and as inlly as ~f tl?e advance
e~ideaoed thenby ~vere iacluded ia the note Srs6 deecribed abo~.~ ~~pplemeg~ qote or notes shall bear
- $G,;K P4GE ti44
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