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tender to the I~lartgngee in acconla~ee witl~ tbe provisiona o~ t!?e nate secured liereb~, tull pa~•n~enl, ot tl?e
entire indebtednNaa repreaented thereb~ ~ the 11~ortgagee~ aa t~uatee, ahall. in cou~puting thP Auiou~~t oI aucl~
indebtedneas, credit to U?e accounl of tLe Morlgegor any credit balance reu~aining under the provisioi?a ot (a)
of said p nph 2. !t U?ere ~h~l1 _be ~ defe?ult und:r,any of the pmvisions ot this ~nortge~e resulting in
public s~l~ lha pren~ises covered hbreb;~, or it the,A~iortgegre acquit~es the propeny otl~erwise aft~er default.
the Mortg:gee~ as trustee~ shaA apply, at the time of the couune~cement of such proccedinge or a~ the time
the property ~s otherwise acquirecl~ the ~?mount the~ tru~ainin~ to credi~ of Mortgagor under (s) ot paragrapl~.2
preceding as ~ credit o~ the intereat sccrued.snd unpaid and tl~e Lalance to the principal then rrmeining unp~ud
on asid note. . '
Hs wiU p~y ~ll ta?aa~, ae~eee~aeatr, wst~er rata~ sad otLee ¢overnaaeatai ar mcmieiPv abu'~, ~4 ~
impoeltioas, fot wLio6 prov~aioa hss ao! been macle bee+efnbeYore, ~nd m detwk thereot tLs Mort~~ee mqY P~Y ~
wne; and tiu~t be wW p'omPW? delivec tbe offidal ieoeipt~ thet~etos to fhe Mort~ee.
b. He will permit, oommit, or suB~ n~ weste, impe?trmeat, ar dete~iorstioa of said propetty oe tbee+eof
e~coept reaeonabb ~res?r aad t~ear• ~i in the even0 ot tbs failure of the Mortg~or to keep the b~ on tai~
premises aad thase to be erectec~ on eaid p~emieea or imp~ovementa thereon, ia 6ood rep~ir We Mort8~8ee ma3?
mabe sucb repaiis as ia ita disaretion it m~?y deam neoeae~ry for tbe proper presc.rvstioa theteo~ ~nd tbs full amouat
of e~eh sad every such psyment ehall be due and pRyabk tbirtY (30) days aft~e~ deo~wid, tbaU be eecwred by
the lien of thie mort~e. ' _ _
6. He will pay all aad sin6ulss tLe ooete, , and eupeaees, inclu3ln~ raieonable Lwyer's fees~ and oosta
of sbstracts af title, incurced or pedd s~ t?qy time~Mort~es becewse of Lhe failure on !6e piut of the Mortga~or
p~ompt~j? aad i to perform We agreeanenta and oovenant~s of eaid promieeory not~e aad this mo d eaid
~~a an~expeneee ahalE bo immediately due e?nd psysble and a6sll be eeeured by the liea of ' mort~e.
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T. He will oontinu~uelf ~nnuriti~ll.~iu~rc~ ~suranoe, oi auch type or t~pes and amounta as Mortgagee mty
trom time to time require, on the itnpmvemente now or hereatter on ssid pr~miaes and except when pqymen6
tor all such premiums has theretofore been.~
e umder (a) of paregrapL 2 Lereoi ~a ~vill psy promp~,~y whea
due any premiums theretor. All insucapce ahall be carried in oompanies appmve~ by I4iartgsgee und tbe poli-
cies and renewsls tbereoi ahall be heW b~ Mortgsgee ~nd have sttsclied thereta loes psyable cisuses in fsvor of
and in forn~ acceptable to the Mortgagee. In event of lo~a he.will give immediate notioe by
msil to Mortgegee,
and Mortgagee mey aiake.proof oi Ioes it noti msde prumptly by Mortgsgorj and each insuranoe oompaqy -
ooncerned ia hereby~suthoru.ed snd directec3 to mske psyment for auc6 loes du+ectly to Mo~~g~ mstead oi ~
to Mortgsgor aad Mortgeges 'ointly, and the insurance pmc~eda, or sny part Wereof iney be a.
pp7ied by Mor~
gagee at its option ei~her to ~8 reducwon oi the iadebtednees hereby eecured or to t~a re~toration or repsir of
tLe praperty damy~ed In event oi foreclosure oi tLis mor~gsge or otLer tranaEer oi title to the mort~aged
proper~y in eztaaguiahment oi the indebtednees secured hereby~ af
1 right, title, snd interest oi tLe Mortgagor
m and Lo any inaurance policies tLen ia force a6all pn~s to the purchaser or gaatee.
8. I~ tlie prnmises, or nn~ purt thcreof, be coiulP~uned wider tl« power of eminent donia~n, or acquirrd for
s public use, tlie da~us~;es awardecl, Uie prorc~ds for the tsking ot, or the consicleration for such acqu~sition, to
tl?e extent• oi tLe tull amount ot thc ren?aining unpaid indebtedness se~cured b~• t!?is ~nortgage, arr. 1?ereb~
ussigned to U?e ~Iortgagee, and his 1?eirs or ass~ns, and shall bc~ paid forthwith to said ~iort~;ee or h~s
ass~nee to be applied on acc~ount of thc lest ~uatunnK instalLi~ents of suc•l~ indebtedness; provided, }iowc~er,
tl~e Aiortga~eP or his sasignee, ma~ at l~is discrnlion pa~• diri~c•t to the Mortgagor, his heirs or ussigns any part
or all of such aNanl; provided, that if the loan is guaranteec! or insured, the consent of the guerantur or insurer
is obtained in advance o[ said pa~ nient. ~ '
9. The MortgaRee msy, st any time pending s seut upon tbis mort6~8e, ~?P~Y to the oourt bsving juriediction
thereof for the appointment d a receiver, and aucb oourt a6all forth~vith appoint s reoeiver ot the p~emises oovered
hereby all aad singular, including all and singular the inoome, profita, issues, and revenues fro~m whe?tevez souroe
derived, each and every of which, it bein8 ~P~Y undeistood, is herebq mort~sged ae if speci6caUy eet forth and
described ia the granting and hs~beadum clauses hereof. -$ueh agpointmeat ahall be made by sueh oourt as sn admitted
eqnity and s matter of sb~olute rig~?t to said Mortg,agee, aad without referenoe to the adequaay or inadequsay of ~
' the value of the pmperty mortgaged or to the solvency or insolvenay of said Mort~or or tbe defeadnnte. Sw;h '
~ r~ats~ profits. incame~ iesuee, and revenues ahall be ~plied by such reoeiver aooording to tbe lien of tbis mortg,age
~ and tbe pract3ee of euch aourk In the event of any isult on t?mp~s~, d the Mortg~ar hereuader. t6e M
~ a~eea to psy to t6e Mo ot~ demand as s reaa~nable monthly rental for the pre~niees aa amount at~
~ equivsknt to one-t~retftb~of the a~te of th~ twelve moat6ly installmenta payable i.n the thea aurrent
year plus t~e actual amoun! of the annual tauee, aeeeaemeate, water retea, and insuraaoe premiums for such year
not oovered by tbe aforeesid moathly PsYmenta.
IO. In the event oi any b*eac6 of this morl~ge or deftuilt oa the part of t~ Mortgsgorf or in t~ event t6st
snq ~ said sums of money herein referred t~o be not promptly and fully psid accord~c~g to t~he tenor hereof, or in tbe
event tbst e~?ch sad every the atipulation~ sgreementa, oonditions, and oovenanta of esid note snd thia mortg,~ge,
are not duly, promptly, aad fuUy performed; t6en in either or any such event, the esid ag~gste sum mentioned
in aaid note then remainina unpsid, with intereat aocr~ed to thst time, and att moneye eecured hereby, ahall beoome
due and payable forth~rith, or theresfter, st the option oi eaid Mort~agee, ss fully snd oompletely aa if all of the
esid sums o! money wen ari~nally atipulsted to be paid on such dsy, snything in eaid note or in thia mortgage to
the oontrary notwithstsai~ing; s~ad t6er~upon or thereafter, ~ at the aption of said Mortgagee, w~ittwut notice ar
demsnd~ suit st law or in equity, msy be pmsecuted as J all moneys secur~d hereby hsd matured prior to ita i~titu-
tion. 1'he Mortgagee may foreclaee this mortgage, sa to the amount su declared due sad payable, end the aaid
premiees ahall be sold to sat,isiy and p~y the 8ame together wit6 ooste, pacPenses, and allowaauea. In case of partial
foreclo~ure of thia mortgage, the mortgsged premisee sball be eold subject to the oontinuing lien-of thia mortgsae
for the amount of the debt not then d~e and unpaid. In s~ch case the pravisiona of thia para~raph msy again be
availed of tbereaftet from time to time by the Mortg,agee.
11. No waiver of sny ooveasnt herein or of the obligation eecured hereby ahatl ut any time thereatter be he,3d
to be s waiver of the terms bereof or of the note eecured her~by.
12. Tbe lien of t6is inetrument ahall remain in full force and effect during sny postponemeat ar extension at
~ the time d psyment af the i~lebtedneae or eny p~srt thereot secured hereby.
~ 13. If the Mortgagor defsult in any of the covenante or s~reements contained herein, or in said note, tben the
Mortgagee msy perform the asme, sad aU expenditures (including reaaonabk attorney's fees) made by the Mortg~ee
in eo doing shall dnw interest at the rate provided !or in the principal indebteciness, and shttll be repsyable
~ thirty (30) days ai~er dem4nd~ and, toget6er with interest and c:osts accrued thereon, shall be secured by
thia mortgage. .
14. Upon the request of the Mortgagee the Mortgagor shsll execute and deliver a supplemental note or
notes !or the sum or sums advanceci by the tiiortgagee for the alteration, modernization, impeovement, main-
tenance, or repair oi said premises, for taxes or asgessments against the same and for any other purpose author-
ized hereunder. Said note or notes shall be secured hereby on a parity with and as fully as ii the advance
evidenced thereby were included in the note first described above. Said supplemental note or notes shall bear
interest at the nte prnvided for in the principal indebtedness and shall be payable in sp proaimately equal
monthly peyments for such period as may be agreed upon by the creditor and dcbtor. Failing to agree on lhe
maturity, the whole of the sum or sums so advanced s6s11 be due and payable thirty (30) days a(ter dcmand
by t6e creditor. In ~ event sh~ll the maturity extend beyond t6e ultimate raaturity af the note first
deecribed sbove. -
bCOK ~~t)t7 PAGf ~
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