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tbe deBcicncy. Such payment ei~~1~ n~Mde wilhih tbict,y (30) d~ys ~tter written ~otice fro~n the ~io~tg~?Ree
stating t,he amount o( the deficiency~ which qotice ~~y be ~ivea by mnit. lt •t ~ny time the ~Iortta~or ;
sha~l tender to the Mort~ee in accaniance with tihe provisrons ot the note aecured hereb,q, [ull p~ymen~
ot the eoLire indebtedness represent,ed thc~cby, the Mortgagae i?a tcudee sh~il~ in ooinpuung the omou~t o[
such indabtednees, credit to t~he ~?ccount~ ot the Mot~g~t ~r credit bula~?ce rent~ining under the proviaions ~
ot of euid~puagrsph Z. It there sh~il be a deteul~ under a~y oI the provisioe~s ot this mortgage resultin
in a public~ le o~ the prcmises cover~d heteby, or it the Mor~gagee ~cquires the property otherwise atte
default~ the Mortg~gee as truatee aha11 ~pply~ ~t the tirae ot t~Fie cab~mencement ot auch proceedings or ~t
the time the propcrty ~s otherw~se acqwred, the amount then rem~inin~ to ctedit of Mortgsgor under (a) of ~
pat'a~raph ~ preceduig ~a a credit on the intereet Rccured and unpaid and the bulance to the principal then ~
remtaniag unpud on said n~?te.
4. Hs wlU PU? vl a~e~m~enb, wa~e t~t~er? aod ot6ee~o W ae muntcipal ehae~e~. 8e~s. os ~
~i~~, fat wLieb pe~ovleion ha~ not been mads ~ereinbetors, aod ia~lhereof t6s Moctp~ee m~,,Y Pq? t64 ~
rms; aad tbst bs w~li pe+ompt~q ddivec tLs o~aial reoetpt~ tbeeetos ~o tbe MoN~es. ~
a. He wW permit, oommi~, oe a~er ao wa~t~s~ impairmen oe detertor~tio~n of edd pe~operty oeany tDereot ~
eoooept reasoosbis w~ear sod fear• aad in tbe ev~ea! ot t6s i~ ot tbe Mo:f~or io ~eep. tsa buildi~ on aai~ ~ ?
pe~emni~er rnd t6o~e to bs e~eaf~ on Mid pteonire~ ae ienpro~b theeeon~ in ~ood rep~ir !hs Mort~ee myr (
maka wea tepaits ~ io its d~tioa it my? deem neoeeerry toc the P~'~P~ P~'~~ add the full amount (
of eaoh and eveey a~o6 p~?~rment ~6a1! b~ due aod p~yabls ~h~tty (30) cLU?~ d't~ee damaad, aad ~6a11 be aecured by ~
i6s lie~ ct fhis most~a j
d~. He wn! g~y all and eiaaulae'tbs eah„~, and.eo~pema, inol ~
at abstcach af tltae, iaauered or paid ibe ~ost~ee bee+u~+e ot
t~he f,ul'~ue~e
o~n
theLwyer'~ fees, and oosw
P~'~P~ ~ f~y to pertorm !6s ~ oovenants af add pro~niaeory note snd this'~nuo~ tbe Mort~~oe ~
. and ea:d '
eab, ~h+e~e. aad es[~nses a~+11 be ' dus and prwrsb~s and ,hau bs.eeured by t6e L'ea of~mort~e~
Hs will o~ntinuou~ maintain ha~srd it~au+aaoe, oi sudt t~pe or t aad aa~ounta as Mortgagee ma~
e
ti+o~nn time to time raquir~s~ on t~ imp~ovemenb now or Let+eafter on ssi p and e~ce ti when
tor all such premiums Las l~Leretofors been made under (a oi paragraFh ~ hereof w~iU p ~ym~~
due aa Psy Promptiy ~rben
Y P~~ tberefor. dll iasuranoe ahsll bs ' ia comPan~es aPProve~ h~ Eiortgagee sad the poli
cies and renewaie t~Dereoi ~aU bs beld b~ Mortgagee and 6aTe ~?ttac6ed lLereto loes p~yable cls~es in favor oi
~'mMiorm aooaptsble t,o tbs M gag In event oi loea he will give immediate notice by mW to Mortgagee,
arlga~ee bnn~ m~1c~s prooiaH~f loei ii not mads P~'o~Pt4 ~U? ~~r. aad e~ch inwranos oompuq~
ouncernecl is bere suEhorised snd direated to msice paymeati for s~cL loe~ t~? to Mort~a~ mste~d d
to Moxtgcgor aad ~ortgigw 'ointly, and the~i~gur~aos P~, ~ a4Y P~ ~~f may be app7ied by I?iort-
~agee s~ ifs option eitLet to ~a reductuon oi the iadebtednees Leraby sec~u~ed or t,o t~e nston4oa or re
the property dama~ed. In event of forec1osure oi tLis mortg~ge or other traosfer of title tio the mortg
g~
p:+opert~y in eztingmehmeat ot the indabtedness secw+ed Lereby, a~l right, title, snd interesti oi We Mortg~gor
in aad to an~ insuranoe policiea t6en ia foroe shall paes to tLe pwrbase~ or grantee.
8. He ~vill not ~ecute or file oi reoord sny instr~nent which impoeea a restrict.ion upon t,he sale or oocu-
pancy of the pmperty deecribed herein on the baais of ra~ce, oolor, or creed, -
9. If the premises~ or any part thereof~ be condemaed under the power oi eminent domain, or scquired
for s public use, the damages awerded, the proceeds for theta~~ of, or the consideration for auch acquisi-
tion, to the extent of ~he full amount of t~,e remaining unpaid inde~te~need. s~cut~d by this mortgage, are
hereby assigned to the Mortgagee; and his heiis or a~gns, and ehsll ~?e paid fo~thwith to said Mort~agee
or hia ee w be spplied on a~ount of tbe Isst msturing installmctits o~ such~inde`btn~a; provided,~o~-
ever, th~ortgag~e ar his aesignee, may at his d'escretion pay direct ~o"the Mortgagor, Lis heirs or aeaigns
any pnrt or all of .such s~vi?rd; pmvided, that ii the loan is gw~rw?t,eed or insured, tihe aonsen~ of the gusuran-
tor or ~nsurer ia obtaiaed in advance of saidpa
ymeat.
10. The l~lortgagee may, st any,time peu
id
ng s suit upon tws mortga~e~spply to the oourt hsvin~ jurisdic-
tion thereof for the appointment of a reoeiver~ and such court shall iortfi~n s~point ~ receiver of the premisea
oovered bereby all aad singulu, includin~ all snd singulat the iaoome, profita, ~asues, and reveauea fmm ~rhat-
: ever source denved~ each and every of vr}uch it beu'~ expreasly understood~ ia hereby mortgaged as if specificatly
. set forth and descnbed in the grsnting sn~ }ubeadum.clauses hereof. SacL appointmeut ahell be made by
such oourt as an admitted equity and a mstter o! sbsolute rigLt to said Mortgagee, and without reference to
tLe adequscy or insdequacy of t6e value of the pmperty mortgsged or to the solvency or insolrency of asid
Mo tgag r or the defendants. Such renta, profita, income, issues~ and revenues shali be applied by such receiver
acoo~rd -iag~ to the lien of this mortgag~e sad the practice of auch oourt. In the event of any defsult on the part
d the Morig~g~~r hereunder, the l~iortgagor a~rees to psy to the Mortgagee on demsnd as a reaeonable monthlv
natal for the preraises aa unount~at least eqwvalent to oae-twdith (Sfe) of theaggregste of the twelve monthlv
installments payable in the then current year plua the actual amount of the ~nnual t~res, assessmente, water
rates, and insuranos premiums for such year not covered by the aforesaid moathly p~ymenta.
21. In Lhe event of aay breach of tbis raortgsge or default on the put of tLe Mortgagor, or in the event ~
tLst any of said aums oi money herein referned to be not prompdy and fully psid ecoording to the tenor hereof~
or in the event that each and e~ery the stipui~tions, agree~nents oonditians, and oovenants of said note snd
this mort~g_ , are not duly, pmmpdy, and fuUy performed or i~ the Mortgagor be ~djudicated bankrupt or
made defen~ant in a baakruptcy or receiverahi~ proceedings; then, in either or sny such event, t1?e said aggre- -
gste sunn mentiqn! _ in erid note -Lhen rem ~ unpnd, with intereat. acerued to th~t~ time,. ~nd all money
w
secured hbreby .beeome due~ind psyab~orthwith,.or thereaiter, at the option oi said 111ortgagee, as
fully and oompf
etely as it all t~e said suma of naoney were origiqally at5pulated ta be paid on such day, an~ -
thing in said note or in this mort~age to the contr~r~ notwithstanding; dnd t6ereupon or thereaiter, et the option
of said Mor ee, ~vithout notice or demsnd; swt at Ia~v or in equ~ty, mav be prosecuted aa if atl monevs
eecured hereby mstured priar to its institution. The Mortgag~e map ~oreclose thia mortgage, as to tf~e
amount so declared due and psyAble, and ~the said premisea shall bgsg
ld tq ast~sty and- pa~ ~the same together
with costs espenses, and allowances. In csae of gsrtial forecloeure of tLis mortg , the mort aged pmmises
g m
ahall be aof
d subject to the continuing lien of this mortga~e for the amount of tLe de t not then due end ~mpaid.
In such caee tbe provisions of Lhis paragraph may agaia be availed of thereaiter tmm time to time by the
Mortgsgee.
12. No w~iver of aay c~venant herein or oi the obligation secured hereby sh~ll at any time thereafter be
held to be a wsiver of the terma hereof or oi tbe note eecured hereby.
13. The Iien of this instrument ahall remain in full force and effect during auy postponement or ~xtension
of the time of payment of the indebtednees or any part thereof secured hereby.
14. 1Lis mort~~ ia given to secure tbe purchase money, or a part thereof, oi the lands herein described
•nd is executed ana delivered oontemporaneously with the dced tLerefor.
15. If the Morigagor default ir? any of the oovenants or agreements oontained herein, or in s~id note, tb:en
the Mortgs~ee msy per[orm the same, and all ezpenditures 4including rnaeonable sttorney's fees) made by the
Mortgagee ~n eo dou~ ahall draw interest at the rate pmvided for in the principal indebtedneas~ nnd aliall be
npaya~ble thirty (30) days after demaud, aad, together with intereat and oosts acerued theceon, ahall be secured
by tbis mostgage.
18. Upon t6~ requeat of the MortRa~ee the Mortgagor ahsll ea~ecute and deliver s supplemental note or
notes ior the sum or eums advaaced by tFe Mortgegee !or the alt~ention, tnodernization, improvement, msin-
t~eaanoe, or npair ot eaid premises, tor t~ces or aseeesmeats ~gauist tbe sune and for any other purpose autlior-
ized hereunder. 3aid note or notes shaU be aecure~ hereby on • puity w+ith and aa lully aa ~f tlie advence
e~?ideaoed t~nby were included in the note 6nt de~cribed above. 3aid supplemental note or notes shaU beu
goox 186 P~~E 217
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