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the defki~cr. Suchp~ cuent st? ~~~wilhia~~i~iM~30~ dyrs ~ttec wri~t,en notice ~rom the Hortpicee
atst~ing th~ ,~mmount o( the detici~~~ ch notics m~y bs,~rea b~ mail. It at~ a~? ti~a~ the Mort~pg~u~
~h~~l 1ead~c to the Mortgycee in accard~nce w~th the pwvwon~ d the ~ote ~ecw+ed hersbj, tuU p~yaa
wcb ~iad ~ indebtedae~s cepre~e~ted th~+rrby, ths Mortg~es as truN,es ~haU, in oompu~ the amoua~ ot
e~edaas~ cr~di~ to the ~coou~~ ot tbe MortBs~oe ~ cndit b~lance e+s~inin~ uader the prori~ioaa
s
ot ot a~id ~n~c~h It thee+s ~h~ll be ~ det~ult at~dec ~n~ ot ths pe~ovisioes ot thr p? e~esWting
i~ ap~ blio M~~ o[ t.be Promi~es oovered hereby. or ~t t6e M soquu~e~s the propeety o eewi~e stter ;
deisult,. t1N Mortgagrs u trwt,es ~haU ~pp~y. ihi Wae ot~aAme~cement ot such proc~eedings or a< <
h
tl~s time ths Property is otherw»e ooquired, tM unount ~hea reiasining to credit ot M~r ~nder (a ot
para~rsph Z as • credit oa tbe i~ta~t aocured sad uapuid sad ~he bslanos ~o ~Le Principal en
rsmamm~ ~n on a~id n~?ts.
4. A~ wlltpp ~a~ taia~ a~e~eeat~r ~~et rat~r rd ~6e~ ~el ae munkiP~t od~r~. See~. oe
impo~itio~„~to}e ~
pra~l~ba
~ao~ be~e~a~ L~~t°e~s':~~ ~~s ~[afp~es m~ py~ t~re
i~iii~j ~s aw wa~{.y+sv~s~ ~ .su+:.
w ~ .~~•i r•••••~• ~ -
a. Ne w~1t peem~t,.eommit~ ae w~ee ao wa~, l~pateses oe del~rioestion ot ~aid propeef,~ oe
~~oeept ie~oaabl~ w~e~ aod t~r• aud !n t6~s a~r~eni aE tM ~ al tis M to loeep tbt b~~
~ ~ ~ ~
pe~amire. a~d t6o~e t~o be ~aM~ ce ~id p~em~e~, a~a
m~e w~o6 repaies r ia ib dieoe~ef~loo it miU? d~ed~ ~e~war7? icr tbs_p~opee pee~eevstian t6a~eo~ and t6e f~ am~oua!
ot eaad and ev~ee~? w~ei p~eot ~h~l b~ ~a.~d p~1~a~ ~ ~ ~ ~ ~ ~ ~
~s liea ct ti~ moet~ f.
~ 6. He w~ py? dl s~ ~~P~. ~ re~ooable Lwrer's fe~ aad oo~
at ~ at ~ inadae~ a~~~id at ~r tihs b~ ~es beau~s at t6e failurs o~ tlb par! at tbs Mo~oe .
p~p~ ,~d to padcec ~s ageemeaa and~ ts ot ..id p+omi~.~ry not~e and thi. and ~d
~~Peo~ a6aII bs ~~~e ~nd p~ab~ ~d ~l ~S ~e~~ed by tbe ~n
~~t
' mort~a
7. Ss w~ ooatinu~n~ mdn~ Last~td ~nos, ~ s~ t~pb or sad aaauats ss Mortg~es ma~
u
tro~m time to tims reqnirs,.ba fLs ~oent~ arwR.oe bee~e~iter on ' and esospt wben pymeat
zms
tar all aich p~remiums L~s . baep tiu~dee oi ParagraF6 S hee+e~i wiU py? promp when
dusaq~ premiums tbse+etor. AIl i~suranoe ~b6 ~ ia oomP~~ MPro~e~ b~ I1ia~ aad polr
cies and renewsb~~6e`~sot ab~II bs hald b~ Mortg~gee and Lu~ att~ched thareto los~ paysbls wes in faror of
•nd ia torm ioospt~bb to ~e ~ In l~reat at bes he will gi~e iaamediate notioe by mail to Mortgag~ee~
~ M my m~irs pe~ooi~a o~s ii not m~ls.~~ b~ ~o~t~gor? a~d e~o6 in~unaos oomp~R7 .
ounoeRqed n: ~u~bo~ld•snd directed to maios pyme~~ far such lo~s ~ec ~q urst~d oE
to Ma~sgor~~~~'and ~orTgag~es~wa ~ and tLe insuraaos psooesds~ or an~ part tbere~~my~
a~.b~ 1?iort~
st id op4on eitber to tbe ~uction oi the iadebtsdnees Ssnb~ secured or to t~e rest~orstioa or repair of
~~P~P~4~ In e~ent of foreclosurs oi Lhis mo~~, or otber tsansfer oi title to tLs mortgaged
in ~uod ~om ~~~t of the indebt~ettoees secured hereb~; aIl right, title~ and interesti of the Mortgagae
aq~ ~uranoe po~e~ ZLsn ia foros ~LaU pass tio t~6s putr,baser or ~nt~s.
8. He ~wiU not exeoute or 81e of reoord sn~ instsnment which impoees a restriction upoa the q~t~ oe ovcu-
pa~9 P~P~Y dee~xibed herein on the basis of r~ce,-color~ oe.creed. -
9. If the premises~ or any pert thereol, be condemned under the power of eminent domsin, or aoquired
for a pvblic use, the d es awarderl, the proceeds for the ~ oi, a~r the considerr?taon for anc6 soquisi-
tion, to the eztent of tL~uU amount oi the remaining un~d ' ebtedn@~ a~d by this mortgage, are
1.e.v1... .~:..~.o.l ~n fl~e Mnrtonnm and 6ist hwira er ~asion~_ sn~ iha~~ Le Daid oliib tn said M~itca~ee
.,J .......b...... ~.----e-e--, ----o---.
or~bisaes~gnee to be appl~ed on aocount of the lsat matnring matallments oi such iri~ebtnese • provided,bo~-
ever, the M ar. hip ssaignea. m~?y. ~t h~a discretaon psy ditect b the Mortgagor~ his ~eirs or aseigna
~,Y Part or sU~uch a~rard: Provided, tdu?t ~f the lo~a is gusrant~eed or inaured, Lhe oonsent of the guaran-
Lor or msurer ia obtained in ad~ance o~ ,s~id ~ti. . _
10. TLe Mortgagee?on~y. ~L anp timq P~auit upon tn~s mo •,PPiy to the oourt bsvinR jucisclic-
tion tb~eoi for tLe ~p "~intmwt oi a reoeiver, and such oour~ sball;~o~t~ sppomt ~ re~xiver oi the premises
oovered ba+eby alt ~aingular. indnding all and siagular tha mcume, p~of ta; ~ssues, and i~evenue's trom vrhat-
ever eouroe derival. each u?d ev~r ot~rhtcL~ lt e;pi+eesl~ nnderstood~ ~s heraby mortg~ged as if ~ecificsUv
set fo~t~h and descri}~e~ in tbe,~rantin6 and b~um cl~use~ Lereof. 3uch appoinW?ent e6a11 be made by
such oourt aa m admitted eqwty and a matter of abaolute ri~~ to asid Mortgagee, aad ~?ithout reference to
tLe adequacy or inadeqwrcy of the valu8 of the property mortgaged or to the solvency or insolcency of said
~ M or the defeaidents. Such rents p*ofits, inoome, issues, and revenues sLall be spplied by such receiver
; ~p~u~t,o tbe lien of this mortgage an~tbe practice of such oouct. In t6a event of any defaWt on the part
~ d the Mortgsgor hereunder, the Mortgagor a~es t~o psy to the Mo on demaad ~a a reasoaable monthly
~ rent~l for ths prem~ aa amount at least eqw~aleat to ons~twelith of t~ea~gr~s
te oi the twelve monthlv
! inst~llments payable in the then current year plus tLe actual amouati of tLe aanual Laces, aseessmente, ~ratar
rst~es, and insuranoe premiums for such year not oovee+ed by the dorisaid monthly paymeats.
11. In the event of any breacli oi this mortgage or defaulL on the Part oi, tLe Mortgagor, or in the eveat
that say of said sums ot mot?ey b?erein reterred to bs not pmmptly and fully paid ~ooording to the tenor hereot
or in the eveati that each aad every tLe stip uLtaonp, agreemeuta conditaons, and oovenanta of said note an~
t6is mortg~ge, are not duly. Pi'un?Pt~Y. and fofl~ pertormed or i~ the Mortgagor ba adjudicated baakrup~ or
made defend~nt in a bankruptcy or re~xiverabip proceedi~a~; tlua in either or aay. such event, the said aggr~-
gs~e snm mentioned .u?.!~?~d note 3t~en rem unpaid, ~nth int~ereet accn~ed to-th~t t~ime, ~ all money
eecured h~i~etiy= i6a~ btioo~te
due'vid ~ay~b3e~ortL~'~L, fhereaftei, at tbe option oi said '11 ortgagee, as
fiilly aad oump~et,ely as ii ~ll tbe said su~ ot money wepe origiuslly stipulated to -be paid on auch dsy. an~
-
thing m ssid note or m tLis mort~age to the contrarx not~vitJ~staading: and therenpon or tbereafter :~t the option
of said M~~g~g~, witbon~ aot~os a' demand. s~ut at law? or in equit~; ms~ be~ prosecuted as it sll moneva
secured hereby h~d matuced priQr to its institution. The Mortgsgee may forecloee this mortgage, as to tf~e
amount eo decl+~rec~ due and payable, amd tbe said pr~emises alu~ll~e sold to sat,isiy and psp t,he same tc~ether
witL oos e~cpensea, and allAwances. Ia case oi partial ioreclosuce oi tLis mort g~e, t~e mortgag~dpremises
ahall be ~ aubject to the contiauing liea oi tLis mortga~g~ for tLe amovn! ot t6egdebt not tbea dwe ~nd unpoid.
In such caos t~he provisions oi tbis Par+~gr~ph may ~gaw be ava~ed of tbenafter fmm time to time by the
Mortgag~ee. -
12. No w~iv~ oi an~ ooveaaat henin or of the_oblig~tion secured henby sh~ll ~t any time thereaiter be
Leld to be i aaiver of tbe t~erma Lereoi ot oi the not~e secured hereby.
13. The lier? of this instniment shall remain in in11 iosce +~nd eSect during aay postponement oc extension
of the time of psymeat ot tbe indebtedaees or ~ay part lhereof eecured hereby.
14. 1L'u mort~a~, is givea to secure the purcLa~e money, or ~ psrt thereoi, oi t~e laads herein described _
~nd is asecuted aad delive,red oontemporaneoudy with tLe deed tLerefor.
t5. Ii tba Mortgagor default in aay ot tLe ooomants or agnements oontsined h~rein, or ia said note, tiren
tLa Mortga~ee may perform tbe eame. and ail e~cPenditures~ ~~n~cluding reasonable attorney's fces) made by the
M ~a so do~'?g sball dra~r iaterest at tbe rat~e pmvicled for in tLe principal indebtednea~ uad sl»ll be
~~~y
(30) days dter demaod, ~6'etber ~rith iaterest and ooats accrued thereon,sh~ll be secured
18: Upon tbs req~ d tLs M tba Mortg~gor abaU ezecuts asd ddi~ee~ •~ppi~n~tal pote oe
notes for tLe snm or sums adv~noed
by~a
Martgagee tor the alteration, modeenis~taon, ~mprovement, main-
tenmoe, or repair oi said pre~s, for taues or aMessmenb ~gains~ t~he same and for my otber purpwe autlwr-
ised h~+eunder. 3aid nota ~ notea aball be secue+ed hereby on • pant~y aith aad as tuUy as i! the ad~anoe
e~ide~wed tLei+ebp wae+s ia,duded in tbe note fin! de~xibed abo~e. Said supplementsl note or aot.es s6aU besr
ao~~185 ~~1741 ,
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