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tr~der to the ~lort~u~;~•~• in ae~•urJau~•e v?ith tbe pro~aiuns ot ti~r notr ~•urr.l I~rrrb~-. (ull Na~nu~nt ut t!!r
entire indebtedn~~s rrprrsrnt~l ther+eb~. the ~lorlgagee, tru:t~•. •i~aU, in con?Nutiu~ thr an?uuut uf sucl?
indebteduNSS, credit to tlu• ue~•ount of ij~e \lori~o r an~- rrr~iit lwlance rr~naiui~~ uu~i.~r ~h~• pn,veiui?~. a( ln)
of seid paragraph 2. If the~e sl?~?fl be a drfault u~~drr auy of ~i~e ~pro~-eaiis o! tt?is ~n.ut~caKe n~:ult;n~ in a
public sale oi the prn~uises ~~o~rred hernb~•, or if the ~lort~rP a~yu~re~ il~P pruprrt~- utl~ervrur after ~Irfault,
the 1~lorlgagee, ua lrust~. shaU sppl~, ~t the tiu~e o~ the ~'ouuuencenient of such p~~r.iit?~ ur at the tinu•
the propert~ ~ otl~erwise acyuireci, t1~e an?ount Ihen rwu~uninR to credit oi ~iort~?r undrr ot {~?ra~ruph 2
precedinK aa a~•rndit on thP iotPr~t accru~Lend unpnid and the t,sJan~r to the Nnncipal thrn rrn~aiuiuK unpa~~l
on said nute.
4. He will p?y sll ca~ce4 aeeeeemeata watet istes. snd ot6er ~overnmental ae muwiapai cbar~es. 6nes. o~
impoeitiona~ for whic6 provision hae not beea msde hr,ninbefor~ ~d in defwlt thereot the Mo~t~ee maY PaY ~
asme; and t6st he will pcomptly deliver tbe o~cial reaipts theeefoc to tLe Mort~~
b. He will permit, oommit, or su6er no waste, impairme~nt, or dd~aiors~im of aaid propaty at aay part thereof.
e~ccep~ reasonsble wear and t~ear; and in tbe event of t6e fWure of the 1?iort~~oc to keep t6e buildinp on aaid
premieee and thoea w be erected oa e~id ptemiees. or im~ovemeats tLereon, in aood tepair, t6e Mortg~aee msy
malce auch repeira ss in ite discretion it may deem neo~sary far t~e poper p~+eacrvaiio~i"thereaf. aad the tuU amount
of eacb and every such psyment shall be due aad PaYabb Wirtp C301 ~Ys aad s6aII be aecured by
the lien of this mort6age.
6. 8e will pay all aad ainaular the ooste. e6ar6es. aad e~Pe~a, indudin6 rea~oabiC L~Y~'a fa~, snd ooets
of sbstrscts of title, incurred or paid at any time by tbe Moct~sgee bewiee of t6e failure oa th~c Part of tbe Mortg~aor
prompUy and tully to perform the a~reements aad oovenants of a~id promi~o~y note aad this moit~e. aad said -
ooets, chargea, and expenses shall be immediateb? due and psyable aad ahall be seau+ed by the liea of this mort~e.
7. He will oontinuoualy maintain haurd ia~unnoe, d sucL tiype or t~pes ~nd amouat8 a4 Alortgagee ma~
from time to time require, on Lhe improvements now or bereatter on said premibes, and e~oept ~ m~~hen
to: all such premiums has theretofore been anade under (a) of paragrapL 2 hei+e~f~ 6e ~ill paJ pro p
due any premiums therefoY. All insurance shall be canied in oompanie~ sPP~'oved by ~1art~gee and poli-
m
cies and renewals t6ereof shall be held by Mortgsgee and Lave attacLed thereto loas pa!esbk c4uses in isvor of
snd ia form acceptable to the Mortga~ee. . Ia event of k~ss he ~ill give immediste not~e by mail to ~iortgagee,
and :liortgagee may make proof of wes it noti made promptly b~ a~ortga~or. snd each ~uranoe oomP~Y
ooncerned is hereb~ authorized and directed to make payment for such loaa dic+ectly to \i mst~ead oi
to Mortgagor and : iortgagee 'ointly, and the insurance proc~eds. or anp pa~ tber~r.of. may be~ bp 11~orw
gagee at ita option either to ~e reduction of ihe indebtedneas hereby aecured or to the rrstontwn or repair of
t~he piflperty dama~ed. In event of forecbsure of tbis morlgag~e, or otLer transfer of title Lo the mortgaged
property in eatingmshment of t6e indebtedness secured hereby. ali nght., tiUe, and interest of the Jtortgsgor
m and to any insurance policie~ then in force s6a11 p+~ss to the Furcha.~er or 8~~ant~ee-
R. If the prru~4~~, or uu~- ~wrt 11~~•n~f, t~ ~-oud~z~uHrl w~der tlie ~~ower of en~in~•nl ~fm~:aw. ur :u•yuin~cl for
a public use. th~ damag~~ aKardevl. the pnH•~~~ls (or the takiu~ of, or thr ~»~;i~l~•r.?tK?n for ~WIl ilC({LLI~ILt011. to `
the e~tent ot t1~P full a~nount of ihc~ rnruaining un~i~l iad~btM[n~~~ KY-un~i 1.~' tlii, neort~?~e_ ~m 1?eml?~-
uacikn~•d to th~• ~torigaKee~. vud hic {iri~ ~~r a::~?~is. ~nd ~L~11 tK• ~wi.1 f~?rthvrith to ~hl \1e~nguK.Y ~~r li~
~iKn~ to 1x~ applieyl on acc•cwnt u[ 1he Ib:t ~natunur in:tallint•ut. of su~-h ind.~i,te~ln~~:: pm~-i~le~l. hov?+~~f•r,
tlie ~iortgu~e~ ~~r his :~~.ci~niY•, ~ua~- at l~i~ di:~•r~•ti~~u dirt~•c io ii~~ ~iuntu~
or, l~i: I~rir~ vr :~~:i=:~t• nn~ pnrt
or all o( su~•1~ u~~-t~rd; pro~ td~~i, t1~11 i( th~~ loau i~ kuxr~ntr.yl or iruun~l, tiie conx•ut of the gu~muwr or iu~urer
is ot?tain~d in ad~ ance o( u?i~l pa~•~n~•t~~.
~J. The :~iortgagee may, at any time pend'?n8 a suit up~ this s~ort~e, aPP~Y to the aourt hs~v~ j~ui9mction
thereof fo~ the appointment of s reoeiver, and such oourt shaIl torth~ith appoint a recei~r of the Pr~°~
hereby all and singular~ including all and sng~ilar t6e inoome, P~+ofits. i~res. and rerrauea from shaLever source
derived~ each and e~ery~of whic6, it being e:pressl) underst~ood. ~ hereby mort8taed as J~eafi~113 ~et f°rth aad
described in the granting und habendum clauses hereof. Such a~poiatmeat a~sll be made bg sueh eourt as an admitted
equity and a matter of absolute rigbt to said Mort~naee. and ~?it~o~it referenoe to the adequsey or inedequacY of
the value of the property mortg,s~ed or to the ~ol~ene~ or ia9oh~enes of said \iorta,aaor or t're defendants. Sueh
~ renta, pro5ts._inoome~ isaues. and revenues shall be appiie~ b} sueh reeei~er aooordin~ to the tiea of this mort~e
; and the pracuce of such oourt. In the event of aay default on tLe part of the ~iort~aor h~eunder, We D~iortg~gor
I P~Y to the Mortgagee oa de~naad aa s reasonabie monthly r~tal for the premises aa amamt at leaat
I e9uivalent to one-twelfth (Yt~) of the a~'~~ oi the ts~elve monthly instailments pay-abie in the then ear~ent
! _ year pius the actual amount of t6e annual tazes, as9essmeats, ~rater nt+es, and insuraaoe pcemiums for~aieh year
~ not covered by the aforesaid monthiy psymenta-
10. In the event of any b-~each of this mort~e or deiault on the psrt of tLe Mart~or; or in tbe event thst
~ sny of esid sums of money herein referred to be noe ~ptly ~d tull} paid ao~ordiog to the ceaoc hen~af~ or in the
event that each and every the stipulatioffi, sgreements, oondit~ions, and ouvemnts of said note and t~s mort~.
are not duly. PromPt1Y, and fully performed; tben in eithrr oc aay s1uL e~ent, tbe said a~regate sum mentio~d
~ in esid note then remainina unpsid, ~vith interest socrued to that time, and aQ moneya seeured hereby, sball beoome
due and payable forthwith~ or thereaiter, st the option of said 1?iort~~ee, ~ fully and cawP~ ~ if all of tbe
eaid suma of money were ori~nally stipulated to be paid on such dsy, aa}'thin6 in szid note or m this mort~e to
the contrary notwithstanding; and thereupon or thereafter, at the option of ssid a~ort~,aEee. ~rithout notiee ~
demand, suit at law or in equit~, msy be prosecuted as if all mone~s secured 6erebr had mst~red prior to its institu-
tion. The Mortgagee may foreclose Wis mort~e. as to the amount ao declared due aad ps~•ab1e, aad the said
premiees shsll be soid to sstisfy and pa~ the same together w~ith oo~ts. ezpea9ea, aad allo~aaees In ea9e oE partial
foreclosure of this mortgage. the mortgaged premises shall be so~d subject to tbe oontinui~ lien of this mortg~e
tor t6e amount of the debt not then due and unpaid_ In such e:se tbe pro~iqoag af this paca~apb may a~in be
svailed of thereafter from time to time by the ~~ortg,n~ee.
1 I. No waiver of any oovenaat 6erein or of the oWi~stion seaued herebY ahan st an~ ti~e thenaftes be 6eld
to be s wsiver of the terms hereof oc of t6e note eecured hereby.
~ - 12. T'he 4en of this instrument shall remain ia full force and eSed d~uin6 ~Y P~P~t or ezteasioo af
~ tLe time of psymeat of the indebtedness or aay part thereof ~etured de~ebY-
~ l:t. If the Mortgagor defsult in any of the oo~~er,anta or s~reemeats contsi~d 6e~in, or in said note, the° t6e
Mortgagee msy perform the same~ sad ~1 e:penditures (includin6 reasonable attornep's feesl made bp the Mortg~ee
~ in so domg shall draw interest at the rate pro~ ided tor in the principal indebte~~x~. and shall be repa~able
thirl,y (30) days atter demsnd, snd, t~gether writh iaterest and c~ts acrrued thereon, shall be secured bp
~ this mortgage.
14. U~n the request of the ~1ort{,'a~ee the ~tort~or shal! ea~ecute and deiicer a supplementsl note or
notes tor the sum or sums ad~anccci D~ t6e ~[ort~agee (or the altentan, moderniz,atioq impro~ement, main-
~ tensnce~ or repair of said premises, for taxes or s~c~ments against the ssme and for aa~ other pur~x~e suthor-
ized hrreunder. Said aote or notes shall be secured hereLti on a puity rrith and is full~ as if the sd~ ance
evidenced thereby were included in the note first described ibore. .~aid supplemrntal a~te or notes shall bear
~ interest et the rste pro~ided for in tbe principal indebtedne~ and shall br parable in appro~imatel~ equal
mont6ly pay ments tor sucA period as ms~ be a€,~recd upoa b~ the creditor and debtor_ Failiu~ to agrer on the
~ maturity, the w6ole oi the sum or sums so ad~anceat shall be due snd p~~-aWe t6irt~ (30) da~s a(ter dcmand
by the creditor. In no eceat sball the msturity estend be~ond the ultimatr r~sturit~ of the note first
~described above.
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