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Uie ~lefiriEdi•y. ~ueh~y u~Mit ~l~M!! 1~ ~hN~~it~ th~~~fl~ II~ ~lM 1Nfi~1~N1 fIOIIM ~f~Wq U1e ~~Otl~~e!
NN1inR the •i~ioun~ o( the d~firiencY, wf~ich natice ~nMy be.Riveti by ~n~il. t~ ~t ~ny tin~e u~e ~1ort~or
d~~~l Ieiufer to ti~e ~lor~~e+e in ~crarilNnrn ~rith the provwo~a o~ the note ~ecu~d heroby, tull pyrmeo~
ot the ii~liM ii~debtedntrs n?pe'e+~e~~ted thrr~y, the Nortga~es ss trustee ~hsU, in oornputing the aaaunt ot
euch indebErrluea~~ cralil to tl,e ~rcount ot the NortKa~or a~r credit, b~lance e~e~auoi~ under t~he provaions
of ot aaidR ~P h Z. lt then? ahall be a det~ult undK ony ot tM provisiops ot ~is moct~a~s ~suiun
in a public anl~ OI llle ~?Mhlises roverrd heceby~ or it the ~iortg~es ~cquires the property othervise alte 3
~fe~~ult~ the ~lort~~se as trustee_sh~ll apply. s~ the tiiae ot the comtnencement o~ such proceedi~gs or ~l j
ths time the property a othervrise ~cquired. the ~mount the~ remuning to credi~ 01 Aiort~o ~ under ot +
pRr~nph ~ preoedinR ~s • credit on the iQterest ~ocured ~~d unp~id ~nd the b~li?nce t~ i~he princip~! ~hen #
rem~uniag unpaid oa saN1 ~?te.
4. H~ wW py a~ ta~e~„ ~arm~ahr, wai~ tr1~ ~,d otbr~o~ee~~oeoea! at muo~oip~l o6~e~ Qoe~ ae
~
at
nd
~ha 6~ wW
pe~p
ompt~~ deli~
x oAid~l re~~ipt~t
a~eta
b~t3b~s
M=o~~ P~U? ~
~ He ~rtU peemit, eomnnit, a~ ~e~ no w~, imP~irmeaR ae dsteeio`atioa at ~aid pe~opech? oe t~e~eot .
~ospt reroo~bie we~t ~od~ aod is tbs e~vesi at t~6~ failurs ct ~s Mo~!~o~ b keep th~ bu~ii~ o~ said ~
peeaoi~e~ ~ad lbors to ~ ca rid pnon~i~e~„ ae ia~pe~orea~ent~ tbseeoo~ 7a" ~
ma1~s w~o6 rspaira a~ L it~ di~ee~ioe it my? deem neoewar~ toe tbs_~opee pe~e~ervati~oa hei~+eo~ a~ad t~bs
t~~i~~i
~
t6s liea ~ ~ ~ b~ dw ~od Pq?abis tbti~j? (ao) dy~ dt,ee da~nd~ ~ ~6~U bs ~eoured b~
d~ He wiD pyr ~11 aad ~nau4r t6s ~eo~~„ and ea~Peo+e~. inehrdin~ resso~o~bk i~wyee"~ tee~ ~~od o0~0~
od abstraa~s of tltje, iao~ueed oe Pvd at 1im~l~ort~es beosurs ot tbe isilurs on tl~e p~rt ot tbs Mo~t~~
pe~omp~? aad fo pedacon !~6 a~e~nb md• ooveo~ats oi rid pe~omi~ory note aad this awr~~e ~ and a~id
oo~~, e~u'~es. ~e~eo~es ~6all be ~mmediat~ dus aad py~M a~d ~6aU b~ ~eeured by the 4ea ot tLis mortp~e,
T. He w~l oontia~ msini~n baiat+d ~a~oq~ ~ sucL t~ps ort~p~s and waunts N Mo
trom tims to tims req~ui+s, on~Ls impro~eme~nN ~ow ar ~eneafter oa ~aid - ' aad eaoe w
r~~.~~
tor aq wch premiums La~ tbsi+ssoto~+s besn mads undar oi 1?ereof P4lmeat
dusa uma thsre~or. ~ P~J P~'o~py~ w6en
n~ premi AIl inanraaos ~haU be m rtg~~
~ ~ ~P~~ ~PP~~ bJ ~?i sod tbe p~
ci~ aad renewsl~ t,6ereo~ ~Lall be beld b~ Mortgageis aad ba~e attacLed tLeY+eto lo~s payab~
le cGwes in fa~or oi
aad iun form aoospt~bls to ~S M , In er~aE a~ loa~ Ls will gi~e inaa~s~e not~os by mail to Mor~gag~
aad Marf ~s a~uy ms~ks prooi~~~ ~t not made pro~mPtb bt1 ~a't6~. ~ e~Y insurancs comp~qT
~rsa e ~ ~ ~ ~
auaeerasd~is Le~b a,u~Lotiaed ~ad dirsat~ed to mak~ p~ymen~ !ae wo4lqs dure to ia~t~ead at
b Mo~rfg~or and ~ort~~es~o~at~~ and ths insur~aos or ma,T bs ap ' b~ I?tos~
~~es a~ s4 option either to tbs rednction oi tbe indebtednas hereb~ seau+ed or t~o t~s reaton'hon or
~s propeet~ dam~ged. In e~enti oi foredowrs o~ thir mo~t~y~, ~ ot~Ler 4aa~ter oi 4tle to tLs mor~ige~d
prope,ct~ in eztingms6msnti ot ths indebtedneM seeursd hereb~; atl right, titte, and intere~t ot the Mortga~oe
3n a~nd ~o aqp insursnos poli~ae~ tben ia ioros aLa~l pae~ to tbs pue+cLa~e: ar gran~es.
8. He w?ili not ezecute or file ot reooed any instrumeat which imposes a r~striction upon the sale or oocu-
P~y W"oP~9 de~cxibed herein on tlie baeis oi r~os, ootar, or creed.
9. If the pnmises, or aay part thereof, be condemned under tLe power of eminent domaiu~ o~ acquired
for a public use, the d es awarded, the praceeds for the ~ ot, o~t the oon~idetation for such soquiai-
tion~ to the eztent of th~ull unount oi tho remaioing unpatd ehtedneeB secured by this mortgsge
hecebv assigaed to the Mortgagee, and his hei:s or ~gos, and aTisll be paid forih~rit6 • to said Mo
r-t ga
gee
or l
u s ~ee w b e appli e d oa wcoeu~~ o f t he l
a st rasf~unug instsWrieuta ot such indebtness• provided; bo~- ,
aver~ tLe artga~e or Ws asaignee~ msy at his diacretion pay direc~ to the Mortg~gor, his ~eira or assigna
sqv put or ~
l t o
i S u
c h ~wa r
d; provi d
e d, that if the losu ie gusraate~ed or insured, t6e ooaseat of the guaraa-
tor or ws~uer is obtained in ad~ance of aaidpsymea~ '
10. 'lbe Mortgagee may, any time ~ending a suit upon tms mortgaga spply,to the aourt h~vinR j~~risdic- -
taon thu+eot for the appointmeat oi ~ reeeiver~ aad sud? oourt s6aU fostfi~nt~ a~poutt ~ receiver oi the premiaes
oo~et+ed ba+eby all ~ad singular, includia~ a1i aad.simgular the iaeome, prnfits, ~seues, aad rennuea trom ,~rhst-
e~er ~ource denved, ach and eve.r~? ot sWc6 it ~exP~'eMll wadentood~ tis l~ereby aiortg~ged ~s it specificapv
set io~ and dacribed in ti?s granting and L~n umt clawes bereoE. 3uch appointment ahall be made by
such court as an admitted equity and ~ matter ot ~bs~lu6e right to aaid l~fortg~g~x~ md without ceferencx to
tLe adequacy or inadcquacy ot the value oi the properiy mortgaged or to the aolvency or inaolrency oi said
M or t1?~ detenda?ts. 3uch reuta pmfits, ineome~ issues~ ~ad reveaues s6sU be applie~l by such receiver
a~aa~~to tbe liea of this mortgage an~ the practioe of such oourt. In the event oi aay dctault oa the part ,
ot t6e 1lfortgagur hereunder~ the biortg~gor a~rees Go pay to the'•4io oa damand as a reasonable monthlv
natal !o~ tbe premiies aa amount at leasL eqwvalent to one-~wdilh (~thea~r~a te ot tLe twelve montblv
instalL, aents p~yable ia the then current year plus the a~ctual amount ot the ~nnual t~axes, assaementa~ wates
ntes~ and insur~noe pnmiuws for such year not aovered by the doresaid monthly p~yments.
i l, In the ~eat oi aay breach of this mortg~ge or del~ult oa the part of the Mortgagar, or in the eveat
tLat aar ot said sums oi moae~ henia nfernd to be not prompdy aad tully paid aooordinE to tde tenor hereoi.
or in tba evea< <hat each and eve.r~ tLe stipuU?tions~ agr~ements. oornditioa~s, ~ad oove~ants oi said note and
this , ara not dulY. P~Ptly. ~ad tutl~ per[ormed or it the Mactga~or be adjudicsted b~kr~pt or
made
dep~~ia~ in a b~akruptc~ or reoeivee~thip prooeediap,: th~ in eitber or any such eveat, t6e said ~ggre-
8at* w~ u~ ~~id.noz4. unPai~, ~th int~es~ ~axued to th~t tame~ aud all money
t'w
aecund ~ome due ~ piyibls` orZhwiW~ or thereattRr~ ~t t~he optioa of said Afottgage~~ as
lully and oampietdy ~s if aU tl~e ~aid sum,a of money were originsllp atiputated to be paid oa such dsy, an~
-
thing in said nole or in this mort$age to tbe c~trarq notrvithstaading; snd thenupon or thereatter, ~t the option
oi said M r~gee, withoui not~os or demand. suit ~t law or in equit~~ msr be prosecuted ~s if ~ll nanew
secw~ed hereb~
-y had matured priot to i4 iastitutaon. T6e Mortg~gee anay forec[aee tbis mortg~e, as to the
am~ouat s~ declar~d due and pay,?bte, aad t6e said premite~ shall~e sold to utisfy ~ad pa~ the same togethrr
with oost~, eacpen~ea. and aTlowaoces. ~ In ca~e oi p~reial forecloause of this mortgag~e, tLe mort~~~ prenii~a ~
ahall be sold wbject to tlre coatinuing lien oi this mortga~, ior tLe ucwunt of the debt not t1~en due
r?nd unp~id.
In auc6 ca~e tba provi~ions of Nw par~graph may again bs avat7ed ot thereatter trom time to tiau by the ~
Mottgsg~ee, ~ !
12. No wsivex of aa~ ooveaaat berein or o! the obligstion secueed hereby ahsll st any time th~rcaiter bs
held to be a waiver oi fbe tarms henot or of tbe note secured Ler~eby.
13. Tbe lien ot this instrumeat ahaU ramaia ia fuU fot+ce and etfect during any postponea~~?eent or e~tension
o[ the time of payment oi t6e inde~tedneas or say par~ thereot securad hereby.
14. This >rtg~ge is sivep to aecw~e the pureha~e money, oc a put t~ueof, o! tbe lands hereia described
aad is esecutedau~nd ddiverod oonteaiparaneoudy with the deed ~herefor.
15. It the Moct;ator defsul~ ia ~ny of tbe eoveu~nta or ~reeme~ts ooatained herain, or in aaid note. tLea
tbe Moctga~ee raay,pedornn the same, aAd alI expeaditurea ("uicluding reasonsWe ~ttorney's fees) made by the
M rt,g~~e m~o shall draw interest ~t the r~te pravided for ia the principsl indebtedAess, u~d aJiaU tk ;
ud
ab7e thirty (30) ays i?fter demand, aad, t~ogether wit,6 interest and oos~s ~eccucrl t~hereoa, shall be secured
b, t~i. ,nostga~e.
16. Upo~ ths requat o~ tLs M tbs Mortg~or ~hall eueeul,e a~d deli~er • supplernental uote or
note~ ior tbe ~am or sums ~d~aaced
b~Mottg~gee tor tbe dtentioo, cnoderniution, impr+ovement, main- #
teaanca, or npw oi aaid pc+em»es, iar tues or aMeismeata ag~inst the same aad tor aay other purpose autlwr- :
ise.d henunder. Ssid note or not~es aLall be iecuced hereby on a psrity .vith and as lully a J tl~e advaace ~
a~ider~osd tbereb~ wers iaduded in tbs noce fiest d~~~ibe~~e. Said ~u plementai aoee or notes d?aU beu '
18lcZ ?~f~~~ t
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