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the deficieacy. Such Pay ment ahult be iuade within ~hirty (30) d~ys dl,er written notice tmin I,ha ~iortge?gee
etating lhe amount of the deticiet?~y~ hich n,t~c dq~0y be,(~ivea by m~il. It at any time the \+Iortgsgor ~
shp~l tendet to the Mort.~aRes in ~+~nce ~~qi'~h~ prov~ona ot the noce secured hereb~~ tuU payma~l, '
~ ot the entire.indebtedness repreeented thcreby, tha Mort,gagee as trust~ee shaU~ in oomputing the amount ot j
such indebtednees. credit to the account of the Mort~goc ~ny credit bal~nce remuining under tha pcovi~ioas i
ot ot seud~a~aph 2. It there sh~ll be ~ delsul~ under any ot the provisions ot this mortgage resulWng
in • publie e o the premiaes covered hereby~ or it the Mort$agee scquires fha propee~y otherwise attsc
detault, the Mortgagee sa Wvetee shsU apply~ ~t the Uma ot f~ie ~mmencement o[ such proceedings or ot
the time the property is otherwise ecquired~ t.he ~mount then rem~iaing to credit ot Mortgsgur u~der (a) ot
pua~rsph ~ preceding as credit on the interest a~ocured ~ad unp~id and the balance to the priacipsl thep
remNnu~g unpaid on ~aid n~ts. ~
4. He w111p~r ~~1 t~a~. a~eab, w+?tae trfe~ aod otbe~ pveramentai ae muaioiP~1 oh~r`e~. 8ne~ ot
w~ie~~
alad
Z6s0 deiiv~er ~~1 r~ s t~~
to~e~ to !bs Mortp~es. ~6s Mort~ee m,y P~U? ths
b~. He w1U permil, oommil. a~ w~e~ ao wa~is, imp~irme~t~ or ~L on ot ~id p~t~ ae tbareoi
e~oap~ rea~oo~bM weae ~nd t~r• asd in ths e~r~ent ct ihs f~turs ~ p t6s bu~ii~ on ai~
peemi~e~ aod t6o~s to bs ereof~e~ aa a~id preanirer. ae imp~o~reooenta t6ereon~ 6ood repair tLs Morti~es my
nu~iw w~oh iep~ie+~ ~ la its d~metioa it ~ a~ea1 o~oerasy for t6e~pe~oper presesvstion tbaeo~ snd tbs f~l1 amouat
oE eaoh and eveq? wo? pqrmeot ~ b~ ~'us~ and pyabis thief~? (av) dy?~ dt~ee daao~ad, ~nd' ~hall bs ~eavred b~r
ths liaa ot t6i~ m~o~t~~:
~ d. He wiil pyr all and ~s~ ~es~~pd a~cPea~s„ ind~dini reasonabk Lwye:'~ tees, a~ad eosts
d ab~tnots at titk, inoutred~~l~qr !~'s~~~~k1~Wrt~~ee beoauee ot t6s failurs on the p~rt at the Mort~~oe
is
pe~ompt~y and to pertoem tb~,+~P'~ny aqd-aDtY~Fnta ct a~id pe~omieeory note aad t,6is mo , aad nid
~'~.e..b.ti ~ m~.~,?~? Q~iao~~~na pR~yabis aed ~haU be ~eoured by the lien of t' nwttp~e.
7. He w~l oo~tiauou~ msip,f~4 l~il~anosr ~ auch t~ps or~j~p~ snd aaaunts as Mort~~es m~7
`~qw or L~e+~att~er oo a~id n~es~ and e: wLen me~n0
tor
~ such prsmiu
~
h~'as t~h
e~s~tof~besn itf~der (s of pangraFh Z hereoi he will p4ypromp~wLeq
dus aaT premiums tberstor. AIl insuranoe a6a11 bs ~ in oomP+m~es aPP~'ove~ b7 M ~and ~e poli-
c~s aad ~en~wai. t6e~~eoi sball bs ~ b~ Mort~es and h..e •wched ~here~o lo.. p.yabk~ clsu.es in i..or oi
and in iorm ioosptabls t~o tbs M Is e~snt ot bss Ls will givs immediats notioe by mail to Mortgages,
•nd M t~ss m~ m~ks pe~opt o or it ~i~ m~rde.P~b bt1 Martg~ar, and ao6 wwr~nos,eoanpaiq
oona~u~~'u~Lsreb~ authorl~d and d'u+ected to make p~y~t for such lo~s du~ect~ to M~m~t~d at
to Mortgsg~or as~ Mortgsgee~oi~~~ and ths i~uranos prooeeds, ~~41 P~'` ~~f ~R1 ~ aP~ b7111oar~
~~as •t ib opt~ion eitber to We uctaoa oi the indebtedaees hersb~ secured or to t~e restoratwn or repair o~
ibs properf, damaged. In event of forec3owrs of th» mor~s~s, or otLer tr~nster of title to t~ mortgaged ~
p~pe~rt,T m t oi t6e indebtednees ~eaured Lereb~; aIl right, title, and interes0 ot tLe Mortg~oe
ia aad ~o an~ i~uranos po~ t~hen in ioros ~hall pa.s tio ths puer,6~.e~r or grantes.
8. He will nut e~secute or Sk of reoord any instmm~en0 which imposes a restrietion upoa ~6e sab or oocu-
pancy of the P~'oP~Y deecribed herein oa tt?e basis ot raos, oolor. or creai. i
9. If the premises, or any part thereof ~ be condemned under the power oi eminent domain, or aoquired
for a public use, the d es awarded, the proceeds for the talri of, ~ the oonsiderstion for such soquuei- .
tion~ to the eztent of th~ull smoont of the remaining unpaid iq~ebtiedne~s .secursd~ by.this mort~age, iure
hereby assigned to tbe Mortgagee, snd his heirs or aesigns, and s~all be paid~~~o~thwtth~;to qaid 1VIort~~gee
or his ee to be spp ~:ed oa aooonnt oi the Lst m~turing instaUments.~i such indebtnees• provided;~oc:
-
ever, th~ortgsg~e or hia aesigaee, msy a~ hiR discretion psy ciirec~ to the Mortgagor, Lis ~eirs or assigna
any put or all oi aucL avrard; proeided, that if t6e lo~w is gwcaateed or insured, tbe oonsent of the guaran-
wr or ineurer ~s obt~iaed in advsnce of said eat.
10. liie Mortgagee m~y, at anp time ~~ng~a~sui~ upon tws mortgage~apPly_to fhe oourt h~ving jurisclic-
t,ion thereui for the ~ppo~ntanent of -a reoemsr, sad such oourt a6~11 fort6wn y~potnt ~ receiver ot the premises
oo~ered Lenb~ all and 'mgulsr. indudio~ aD and ~n~ular tbe inoome~ profita, iesues, ~ad re~enues from vrhst-
he e
a~er souroe d~ved, each ~nd eve~r ot~rh~ch~ it beu'~ e~cPi+er17 undee~tood, is hereby mortgag~ed as it specificallv
set forth ~nd d~seribed. in the 8raat~ine- +nd .habssdum? clauses bereof. 3uch sppointmeat a~sU be made by
! such eourt ~s aa admitted equity and s mstter oi ~bsotute right to said 11+~ort~gagee~ a`nd wit6ou~ reterenoe to
; tL~ adeqwcy or inad uacy ot the value oi the property morigaged or to the solveacy or imol~ency of aaid
~ M or the del~ants. 3uch rents pro&ts, inoome, issues~ and reveauea a6aU be spplied by such receiver
~ a~aa~~t~o ths lien of tlus mortgag~e an~ t6e practioe oi such oourt. In the event of. any default on the part
~ of the Mortgagor henunder, the I~iortgagor a~rces to psy to the'.1~io on demand as a reasonable monthlv
rental for tha premise~ ~a amount at least eqwv~lent ~o one-iwelitL of the~~
te of tbe twelve montLlv
installmeata payable m the then current yeu plus the actual ~moua~ of tLe ~aawl t~ces, a~e~sraeafa, water
nt~ea, a~ insurauoe premiums for such year noti oovered by tLe atotesaid monthl7 P~Y~ts.
I1. In the event oi any bnach of tbis mortgage or defaWt on Lhe part of the Mortgag~or~ or in the eveat
that an~ of uid sum~ oi awney henin nieri+ed to be not promptly and fully paid aa:ording to the tenor hereof
or in the event that eadi and evcr9 tbe sti ulati~on~, ~ts eonditiaoa,:atu~ ooven~nts ot said nota aa~ ~
c
th~m~tg~ge~ ~re not dnly. P~P~Y. , i~Y P~ormed or i~ the Mortgsger be adjudicakd bankr~pt o~
made defmdmt`in a banlQUptc~ or reoeiveiaWp Prooeedin~e th~a in either o~ such event, the ssid aggre-
gate suzn W~a?tioqe~d i4 said l~ote .t~a rem unpaid, witL~
u?t~st a~~i~ that time~ and aU money
~4
secured bereby' :abaU beoomb due fnt~ p~yab~orth~vith, or thenaiter, ?t t6e •option oi s~d 1liort~gagre, as
fuUy ~ad eomp~etdT ~s ii aU the said sums ot money wepeong~qally stipula~d to bs paid on such day, an~
-
thing m pid note or m th» awrt~sge to fbe o~tr~r~? notwithstanding; and thereupon or thereatter, et the option
oi aaid Mortga~ee, without noUce or demand, aut at lsw or in equiy. may be p~o~uted u J dt raonevs
m
~ecured her+eby hid matured prior to ita institution. Tbe Mor m~y forecloae t~ mortgage~ as to t~e
amoant ~o d
e
c
l a r
e d due aa
d pay a
b
le, ~
n
d t
b
e said premisa shall sold to satasty and p~
y the same t o
g
ether
with costs eupensea, sud aUowaac~s. In case of partial foreclosure oi this mortg ~ the mort ged preraises
u
shaII be w~d subject to the oontinuing lien oi this nnortgage f~ tha amount ot the de t not then ue and iwpuid.
~ In such ca~a t~e pe+oviaions oi t2w Paragr~Ph maY ags~a bs ~valed oi tLereatter irom eime to time by the
~ ~„tortgagee,
~ 12. No ~?sivex oi aa~ ooveaant henin or ot. the obligation secured hereby ahuli at any time there~(ter be
e
be.ld to be s wai~er oi tbe ta~ms hereot or of tbe note ~eo~red henby. . .
13. The lien of this instrument shall nmain in fuU torce aad eliect during ~ny postponement or exteasion
oi tbe time oi paytaent of the indebtedaeas or aay part thereot secured hereby.
14. This mo~tgage u given to secure the purchase mone~r~ o~r a part thereoi, of tbe lands herein described
aad ir esecuted ~nd delioered oontemporaaeously with the deed theretor.
1S. I! tLe Mort~gagor detault in any of tbe oovenants or agre,~meata oontained herein~ or in said note, tLen
tLe Mortgagee ma~ perform the same~ aad all eacpeaditures ~mcluding reasonable sttorney's tees) m~de by the
~iort~ee in so dou'~ shall draw it?tercat at the rate provi ed for in the princip~l indebtedness, aad slull lx
~ npsyabM tLirc~ (30) d~ys aft~er demaad, and, to~ether ~rith int,erast sad uost,s accrued thereon, s6all be secured
b~ this moreg~ge.
18. Upoa tLe nqwst oi tbe Mortgagte tbe Mortg~gor shall euecute sad deliver • wpplemeneal note or
notes tar tba sum or sums ~d~anced by t6e Moctgagee tor the alt~eration~ moderaization, uaprovement, maia-
teaanoe, or repair ot said pnmisa, tor tua or aMessmenta ~gawst ~he same and tor an~ o~her pucpo~e author-
ir~ed b~r+eunder. g~id note or nat~s ~haU be ~ecured hereby oa • psrity with and ~s tully u d ti~e ulvaaoe
e~ideooed tbereb~ wee+s iacluded ia the note fust de~cribed ~bo~e. $sid supplemeatal aote a aot.e~ shaU be~r
~ i~ ~ 114~
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