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as herein referred to, and on all buildings and improvements, in companies to be
agQroved by Mortgagee in an amount not less than the full insurable value of such
personal property and impravements or not less than the unpaid balance herein,
whichever amoun~ is smaller, with such insurance payable to Mortgagors and ~
Mortgagee, as their interests may appear. Mortgagors shall promptly deposit such ~
policies with proper riders v,rith the Mortgagee .
3. ReQairs to progerty. Mortgagors shall keep the buildings and other
imorovements on said premises in as goo~ reoair and condition as same may now be
or are hereafter placed, ordinary wear and tear o~ly excepted; and shall not suffer
or commit waste on or to said s°curity.
Attorneys' fees. In case of a~y action, or in any oroceedings in any
co~~t, to ce':1_ect any sums payab!e or secur~d by this mortgage, or to protect the
lien or title herein of the Mortgagee, or in any other case permitted by law in which
attorney fees may be collected from Mortgagors, or charged upon the above described
property, Mortgagors agree to pay reasonable attorney fees.
S. Continuation of abstract. In event of any default herein by Mortgagors, ~
Mortgagee may, at the expense of Mortgagors, procure an abstract of title, or €
continuation thereof, for said oremises, and charge and add to the mortgage de~Ct ~
fhe cost of such abstract or continuation with interest upon such expense at the
highest legal rate applicable to a natural person; or if the Mortgagor is a corporation,
then at the default rate provided in the note secured hereby .
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6. Advances optional with mortgagee. It is expressly understood and agreed
` that if the insurance above pro~ided for is not promptly effected, or if the taxes or
; soecial assessments asseesed against said~roperty shall become delinquent,
€ Mortgagee (whether electing to declare the whole mortgage due and collectible or not)
may (but need not) e~ect the insirance above provided for, and need not, but may and
~ is hereby authorized to pay said taxes and special assessments (irregularities in
' the levy or assessment of said taxes being expressly waived) , and all such payments
~ with interest thereon at the highest legal rate apglicab?e to a natural gerson (or if
~ the Mortgagor is a corporation, then at the default rate provided in the note secured ~
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< hereby) from time of oayment shall be a lien against said premises. ~
j 7. Acceleration of maturity and receivership. It is agreed that if default ~
~ shall be made in the oayment of said note, or any part of the interest thereon, or
; any other advance or obligation which may be secured hereby or any agreed pro-
tective disbursement, auch as taxes, special assessments, insurance and repairs,
~ or if I~riortgagors shall suffer or commit waste on or t~ said se~urity, or if there shall
~ be a failure to comply with any and every condition of this mortgage, then at the
- option of the Mortgagee, said note and the whole of the indebtedness secured by
this mortgage, including all payments for taxes, assessments or insurance Qremiums,
= shali become due and shall become collectible at once by foreclosure or otherwise +
after such default or failure, and without notice of broken conditions; and at a~y
time after the commencement of an action in foreclosure, or during the period of
° redemption, the court having jurisdiction of the case shall, at the request of the
==z Mortgagee, anpoint a receiver to take immediate possession of said property, and
' of the rents and orofits accruing therefrom, and to rent or cultivate the same as he
- may deem best for the interest of all parties concerned, and shall be liable to
account to said Mortgagors only for the net profits, after application of rents, issues
= a.^.d profits upon the costs and expenses of the receivershig and foreclosure and the
- indebtedness , charges and expenses hereby secured and herein mentioned . And it
- is hereby agreed, that aftera~y ciefault in the payment of either principal or interest,
such sums in default secured by this mortgage shall draw interest at the highest
~ leqal rate aoplicable to a natural {~erson; or if the Mortgagor is a corporation, then at the
; default ra:e orovided in the note secured nereby.
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