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tender lo t1~e~11~1ortgager in 4cconlanc-e wiii~ the pmvisious ot the notP secur~vl t~ernb~. fuU pa~ment o( the
entire indebtedneBS represented therebr. the Mortgagee, as truxtee, st?all. in computing the an?ount ot such -
indebtedi?ess, crecii~ to tl~e account o[ tl~e~\tortgagar ~,v eredil bab?nce reu~sining under ti~ pro~isions of (a) .
ot said ph Z. It there al~s{l be~l~'detault un~hi any ot U~e pm~ iaions of this mortgs~e resulting in a
public sale o the pre~i~iaes cove~ed hereb~, or J tl?e 1liortgag.~e acqu~res tl~e propert~ otl~erw~ after de[sult.
the Mortgagee, ~a trustee, sh~?ll apply. at lhe tiau of the canmencenunt of such groceedings or at tl?e tune
the propert~ is otherwise acquired. ihe amount thea rrniain~ ~~o cndil of Mortgagc?r under (s) o~ paragraph 2
preceding as a credit on the inte~est accrue~d illd I1Q~ iAtl ille ~IME l0 1IlN ~1r1[1C1~ ltlPA 1~l`II1S111U1~ LLI1~IlI
on eaid not~. ~ -
4. He ~viU p~y- ~il t~uce0. aeees~ts. wst~e~ raLe~. and otLe~ ~overnmeat~l ee m~miaPal cbae~. 6~e~ ae
impos~tions, tar wLic6 provision has not been mads ~eceinbefors, aad ia ddaul~ tlw~eot Ws Mat~~es ma,1 Pw ~
~e; uod tbat hs will pampt~y delive~ Ws o&cial reoeip~s tbereior to t6e Mect~ea
b. He will permil. oommit~ ot su8e~ no waste. impairmeaot, o~ d~oeatioa af wiid pevpert~ o~ an part tLereof
e:oept reasonabb wear snd t~ear• and in tbs evant vf tha tailure oi tbe Moit~a~ to loe~p tbe b~u~din~ an ~
pre~niees aad tho~s to be erecte~ on s~id p~emise~. ae impe~ovm~eats t~reoa. ia ~ood repair tire Mat~~ee m~y
maka auch repairs aa in ita discretion it may cleem neoeersr~ ior tLe pe~oper pe~eec.rvstiao thereo~, sad tLe fWl a~nouat
ot escb ~d every such pe~yment ahaD bs due aad PiU?~6is fbi:'t~T (30) da,y~ aft~er ckmaod, aod ~hs9 be ~ecared b~
the l~n of t~is anort~e.
6. He will p~y dl and sia6ular t6e .oosts,~~~, aad e~cPeos~'e. iaeludin6 ~ason~e Lwy~'~ fee~, atid oo~ts
of sbst~ac~s of title, iacurred or paid st aqp tims b~ ~e Mort~ee becau~e d tbs t:iture aa tbe par~ d tbe Ma~~oe
~8e0. sad to perlorm tbe a~ementa snd oorenaata af ~aid promieeo~cy nobe and tl~is~ort~, aad aid
~xpensee shall be ima?ediste~y due and pwyabb and sLsU be ~ec+ued by the liea of his mo~t~~a.
7. Iie will oontinuoualy msi~ L~?sur~ io~Wc~noe, at euch t~pe ort~p~s and ~monnts as Mort6~ ~7
trom time Lo time require, op the`unpro~ements aow or hereattsr on said ~-nm
'e~ aad e~cept wLea p~yment
tor all such reaaiunns has theretoion~en made under (a of Z 6e~+eof Le wi11 Pwpmmpt1~ when
due any premiums thcrefor. All i~urfnce ahaU be ~ in com~approve~ b~ ~?i ~ag~ aad ths po~i-
eiee and renewals thereof stiall be held b~ Mortgagee ~nd Lars atta~cLed t~ereto bes pa~
~~~~eLuses in fa~or af
0
and i.a form aeoeptsble to ttie Mo In event at bss ha will give immedist~e notaoe b~ mail to Martgagee,
and Mortgagee may make proof o it no~ made promptly bl Mortgago~r, and eacb ~uraaoe co~paa~
ooncerned is hereby suthoci~sd and directed to make p~~t ior such bas die+eetl~+ ~o M matead of
to Mortgagor and Mortgagee 'ointly , and the insursnos psooeeda, or sny part tliere~i msy be~~,~ b~ Mo~
gagee at its opLion eitber w~ reduction of the indebtednees Lerebj secured or to t~e ~+eatorst~on ae repair ai
the pmperty darna&ed. In event of foreclosure of this or other tra~ter o~ V~k to tbe mo~r~Ba~ed ~
property ia euLinguishment oi tbe indebtednees sew~+ed ~ right, title, aod interest of tbe Martgag~oe
~ and to any inaurance poGcies tLen ia foros ahall p~s to tLe puer.Laser ar grantee.
8. If the pre~i~isrs. or an~ p~rt tl~ereof~ be condemned under tlie power of enw?ea~ dauau~, or acquined tor
a publie use, ilie dau~ages awani~l, the pra~eeds tor the taking of~ or the consideration !or suel~ acqu~sition, to
tl~e extent of tl~e full amonnt of U~e rnnisinir?g unpsid inclebtedne~s secured b~ dii4 t~iortbsge, arr I?ereb~
assigr?ed to the :1lortga~, and his heirs or assi~ns, anc) shsll tx~ puNl torthvrith to said ~iort~ee or his
assignee to be applieet on acrow~t of the Iast waturi~~g iastallwents of such indebtedness; pm~idc~l, hovrerer~ -
the :liortgagee or his assi~,mee, nia~ at lus di~crrtion ps~ dirnct to t1~e ~Iortgagor, hi4 l~eirs or a~igns an~ pari
or all ot sucl~ aW ard ; providc~l, tl~at if the loan; s guar~nteetil or inswred, the con4ent of the guarantor or insurer .
is obtained in aclvance of said ps~ ~ueut. _
9- 'The Mortgagee msy, at any time pendin6 s~it upan this mort~e, appiy t~o tLe ao~ut Lsvi~ jnris~dion
thereof for the appointment d s reoeiver, aad such oourt d~sD forthwith sppoiat s reoeiv~ af the peemiees oo~vered
hereby all srid eingular, includins aII aad singular the iaoome. P~ofit0. ies~~es. aad nveaues b+o~ w~t~arer souroe
derived, each and every oi whicb, it beina e~cp~siy unde~atood. is Lereby mort~~ed as d~ eet fath and
deecribed in the granting and habendum clsusea hereof. $ueLsppo~ntmmt ahall be made by s~ oo~ut aa an a~dmitted
equity and a matter of ab~olute ri~ht to eaid Mort~ee, snd witiwut ref~c+~eaee to tbe ade9~7 a~9~ ~
the value of the PmPerty mort6e~ed ar to t6e solvency or imolvmey af said Mort~ar a~ t.~'
e defe~nts. Sueh
renta~ profits. inoonne, iee~ies, aod reveanes ah:ll be spplied b~ su~ reoeiver aeoo;din6 tio t~e lie~ of t~is most~e
e
aad the practioe of such oourt In tbe tveat of say detault on~ ~rt of t6e ~[att~or he~etinda, tLe M
~es to WY to the M on demaad as s ressonabtie tbly reatai fo~ tLe premises aa amouat ~
' equivslent to one-Lwelith~~af tbe a~te of tbe twdv~e mantWy ~ts payabie ia the t6ea e~mt
~ year plus the actual amount of the ann taxea„ aeeeffinneats, wsta ntesy aad i~nnoe p~i~s far ane6 yeas
E not oovered by the aforeaaid mant6ip PsY~~ .
~ 10. In the event d aay ~h of tbis mo~t~e or ddanlE oa tbe part of the Mort~or~ a: in the e~eat ths!
any o~ eaid sums of mone3? lrerein reterred to be not prompdy and fuily paid aooordimg to tbe teaor beieof, a~ ia ttie
~ event th~?t eac6 sad every the st3Pulations. apeementa, oonditio~ and ooveaants of aaid note aad t6is mast~~e,
an not dulY. P~PVY. ~~Y P~ormed; thea m atber a~ aay such eveat, the a~id a~re~te aum mentiaoed
~ i.n eaid note thea remsinina unpaid, with iaterest aoa~~ed to t~t time, and all moneys se~.wed haeby, ahaD beoome ;
dne and psysble fortLwith, or thereafter, at the option af mud Mort~ee, rs fully aad aompLetdy as if aD of tbe
eaid sume of money wesa ori~o:uy stipulsted to be psid on such asy, anyWins in aaid mte er in this mort~e to
the contrary notwithed~andin6; aad tLeieapon or tbe~eafter, st the option uf eaid Mort~~ee, without notice ar
demand~ suit st law or in equit~, msq be proeeeuted as if s1! moneya seaued berebj bad mstuied prio~ to ita institn-
tion. The Mortg¢gee may forecloee tbis noortgage, as to the amount so decl:rad dne ~d paya~ie, sad tbe a~aid
premises shall be s~ld to sstisty and pay tbe same to6ether with eosta, r~pease~, aad :lbwaaees. In caee af partid .
foreclosare of this mort~ge. the mort~,aaed Prrmiees shall be eo~d subjeet b t6e oontin~ein~ ~iea of t6is mort~e
for the amount of tbe debt not then due and unpaid. In sucb caee t6e p+ovisioffi of this para~xph msy a6sin bs
availed of . tLereafter trom time to time by t6e M~ ~
11. No wsiver of aay ooveaaat beran or of tbe obligation seeured hereby shaII st aay time tha+e~fter be hdd
to be s waiver of tbe terms hereof or d tLe note eeaured ha+eby.
12. The lien of this inr~trtmoent ahari rem~ain in full foroe aad rBecs durin~ any postponement or aten~on at
the time ot ps3?a?ent at tbe indebt~edneas a~ any part thereof sewied ba+eby.
~ 1'3. If the Mort~or defsult in anq af the oovensuts or a~+ee,meats oontained ha+e~n, or in said note, lhea the
~ Mortg,agee msy pertorm the same, and ~1 e:peaditurea (inelud~ng rea~o~sble ittorney'e feea) msde try t6e Mort~y~ee
~ in so doing shall dn~v interest at the nte provided [or in the principal indebt~edneffi, and shall be rep~ysbie
~ thirty (30) d~ya atter demaud, and, Logether with in~t and oosta aocrued thereon, sball be secured by
~ this mortgage. ~
~ 14. Upon the request ot the Mortg~ee tbe biortgsgor s6a11 esecute and deliver a'suppkmental note or
notes for the sum dr sums advanced Dy the ~tortgagee tor the alt~eration, modernizatioq impc+ovement, main-
~ tenance, or repsir oi said premises, for ta~ces or ~essments against the same and for anf other purpose suthor-
~ ized hereunder. Ssid note or notes shall be secured hereby on s puity vrit6 snd as fully as d t6e advance
~ evidenced thereby were included in the note 6rst de~cribed above. Said supplemental note ar not~ shall besr
~ interest st the rate provided for in the principa! indebtedness and shall bepa
pable iaap
pru~imatelp equal
monthly payments for such period as msy be agreed upon by the creditor snd debtor. Fu"ling to agree on the
~ msturity~ the wbole of the sum or sums so advanced shall be due and ps~able thirty (30) days dter demand
by t6e creditor. In no event shall the maturity eactend beyond the nltimate r~aturity oi the note first
described above.
~ PA6E ~
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