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tender to the Mort$agee in ~?ocord~ncs with the.pcovieions o~ tl~e note secue+~d hereb~, lu11 povraent oi ths !
entire indebtednees represented therebv~ the Mortg~gee as 1~rustee~ ahall~ in computing tl?e runount ot suclt ~
indebtedaeee, crcdil~ to the account oi the Mortgsgor au~ o.redi~ balanoe remw?in8 under th~ pmviaiona oi (s) j
oi said ph 2. If there shall be • default uader tny o[ the provi~iona ot ~}us mortgs~e resulting in ~
public sal~he premises covezrd hereby, or if the Mortg~gee acquins the Pi'opertr othenvise ~[ter dotault, ,
the Mortgagee~ as trustee, eh~ll applp~ s~ the tims o[ the c~unencement oi such proceedinga or at tl?e ti~n~ ~
lhe pmpertf ie otherwiBe acquired, the amount then ~+emaining to credit of Morigagor under (a) of paragrapl~,2
preceding as s ccedit on tho inter~st ~rccrued and unpaid and the b~lun~+e to the princip~l then reiwuiing unp~ud
oa said note.
4. He wtll p~y? all t~cee, aeeeeecn~ente, wster t~?ks. snd at~Lee tal er munfr3p?l obsrgae, 8n~ee. ~
impositioas. for ~vLich provieion Las no! beea made hereinbe[ore, und defaulti thereot th~ Mortgpgee mqY P~Y ~
wne; and t~ut Ls wiU p~o~ptly de4ver We o~de?ll reoeipta tbereto~ f~o t~h~e Mor~g,agee~. .
b. He will permlt~ oommit, or suffer ao waate. imp~ra~~~ oe deterlor~?tton oE s~td p~+~pe~rty ce~euny par~ thore~f
eacoep~ reasonsbk Reu ~?nd teu• snd ia ths ev~eati vf tba i' urs oi tbe M~~got to looep the building~e oa sat~
permiees aad thflee to bs ereete~ on esid ptemlees. a impe+ov~eats fLee+eoa.7a-~OOd re~ir the Mortgagee n°~'Y
~ ta~ t~e pc~oa tbeieo~ end tL~e fuU amouati
make such repairs ~s in its disaretlon iti m*y dee~ ~i? ~o~er
o[ eaeh snd every ~ch p~symenti e6a11 ba dus and p~~bis tbtct~T (~uI d~yd dtee dmm~nd, st~ eh~al bs eecured by
~s lien of this mortd~e. ~
6. He will pay all and etn~ulae tLe eosts, tt~, a~nd e:pe~eee, inatndiaa reaeonsble b?wY~ez's fees, aad oosts
ot abetr~ats of title, incurred or psid st anp? time
tr~y~ t~he Mo~agee beavae d tLe failure oa the psst ot the Mort~or
Pj'~PUY aad iu~r to pertorm the a~eements sad oovenants of a3d pmmieeory note iind this and wdd ~
ood~e, c~si8~, ~Penee! ~h~il be i~nmsdiut~j due ~nd p~yabb and s6~11 ba ~eaured by tLe liea aE mort6pae~. . ~
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7. He wiII oontin~~ maintain Lasard ~rm~an~e, o~ wch bPs or~p~s and amcraats as Mortgag~ee ma~ ~
ai p
trom time to time require, on tbe impro~ement~ aow or be~e~tt~sr on *aid - aad eaoapt~ ~rLen psyment
tor a11 such premi~ma L~s'theretofars beea~ msds nnder.(a of Pa'~SK~L ro~c?ptly wrhen
due aq~ premiume theretor. All inauranoe ahaU be m~P~~ aPPro~ b7 M r~s~~ aad ths pol~
~ e~es and rene~vale tLereof sL~ll be Leld by Mortgag~ee and Lsve stt~cbed~tbareto bes pyab~ M
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•nd Mortgagee mw msice prooi~~ f b e
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aoncernod is hereby~authorist~d and direeted to nuks p~nue~t foa~ wch ~oos du~ectly to Martgagee~mate~d of
i~o biortg~gor and Mortgagee joiaUy, snd ~e iasut~noe Pa'ooeed~, os' a~,Y Pa't the~'e~f mqy be spFli by Mortr- ~
~gee s~ ~ta option either to t,b~a reiinction at ibe iadebtedaers hereby ~ecnred as to t~e restonhoa or repuir of
the propertj damy~ed. In event af ioa+ec~o~s at ~ vr otL~ ~d°?int~+est of the M~
~t. ~B~
propert,j in estin~gu~ment oi tLs indebteda~ers ~ee,~ned ~
in ~ad to aq~? iasur~oe polic~ies iLen ia ioros ~Lall pses t~O t~be purduser aar gi~n~ee.
g, I[ the premiees, or sn~ psrt thereot, be condenu~ed under tht po~+rr o~ eminent, doniain or uc~u~rnci for
s public »se, tl~e dsmages ~?~rarded, d~e pr~oeeds for the ' o! or the considention for sur~i uqu~a~t~ion~ to
the extent of the fuU smount of th~e renuuun6 w?p:id inde secnred br this mortga~rn, an? l~ereb~
aesignecl to tl?e Mortgagee, snd his treics or aesigas, snd shall be paid forih~vith to s~?ici Mongxgc?r or lus
ass~ nee to be spplied on sccount of the Iast nu?turinB i~uUments oi snch indebtednees; pmvided, lto~cerer,
the Mortgsgee or his asai~?ee, uu?y a~ 1ue di~retaon Ps~ direM to tl~ Mortgagor, his j~ens or assigns anr part
or sll oi snch sv?ud; provided thAt if the ban i` guar~ttteed a' inetu+ed, t~Le coneeut ut the Suurantor or insunr
is obtained in ulvance of saic~ pa~nenk ~
9. The Mort,~sgee me?y, ~t any time pe~dia6 a s~t nPo~ t6is mo~t~e, sPP~9 to~ tl~e eon~rt hsvIng juriediction ~
tbereof for the sppointment of a reo~iver, aad such ewut sbuIl ierrtLwHh ~?ppoint a reoetver of the premises oovered
reo u aad retie~nuea from wbatever eouroa ~
Lereby all s~id singular, including all snd ednguleu~ ~he P~f?ta, ~ee,
derived, esch and every of which, it be~ ezPs~eeelY nnd~~~,pis h~b9 ID°~ ~~°P~'fi~Y eet forth and
a,
deecribed in the 6ranting snd habeadum elsuees Lei~eoE. Ba~ tmeat ebaIl be miule by such eourt aa an admitted
' equity and s matter of a6~olute rigbt to ~sid Mat6Aaee, witho~ut refez~eaoe to the adequsay or inadequa~y ot
; the value of the propertq mortB+dBed oe t~o t6e aolv~ac9 os ia~olv~eaa9 d said Mo~tg,s8or o~ tbe defendanta Such
rents, profita. u?eome, isst~ea, and reveau~e+s sball ba by s~ch reoe~vez' ~oooa~din8 to t~e lien of tbis mortgage
all
e
and t6e practioe of auch cou~.' In tLe eveat o# aay on tbe af. tbe Ma~tgp8oar hereuader, the Mortgagor
~~eee to Pe?Y to the Mort~s~ee oa de~uand se s reaeomsble moa natal for tbe pr~uiees aa amount at leas0
~quivalent to one-t~veUth (3~s) af tire~g~? at t6e twelv~e montbly i~nents psyable in the then current
yesr plua the actual aanount of the annusl tsse~e, a~t~s, w~?te~ r~?tee, ~nd ~na~ra~o~ Premiuma for euc6 yeat
not oovered by the aforeeaid manthly pqym~ta.
10. In the event d sny bresch o~f t~s mor~age at defi~nlt oon the parE a[ tlie Mort~agorf.~ in t}~e event that
aay of said eume of money hereia refen+eci to be not p~mnptly and fully ~aid acoording to the tenor hereof, or in the
en
event that esch sad every the stipnlstioms, ~ts, oond~~iOm, e~nd eoveaaats of esid note and this mo
are not dulY. P'romP~Y. P~ormed; the~ ia eithe!' ae aqy such eveat, the eaid aggregate aum mentio
ia eaid note then remsinm6 ual~aid, rvith iater~ soetaed to th~t time, and all moneye secared hereby, Bhall become
due nnd psy~?ble forthwlth, ~~hereafter ut the opt~o~? of ea~d Mortg~g~ee, as fully t?nd oompletely as if all of the
eaid sums of money ~vere origimlty at~pu~ated to be paid om~ wch dsY, ~Y~nB in aaid note ar in thie mortgage to
the oontrary notwitbstaadtn8; and t~r~euPo~n ae ~ftes', st t~e oPti°n of eaid MortgAgee, without notice ot
demand~ auit at la~? or in equit~~ msy be Ptaeewted as 1f s11 ~o~eys secured ~ebY ~~t~ Pnar to its institu-
tioa The Mortgagee may torecloee tbis mortg~6e, ~a to tbe ~m~mt so declared due ~nd payable, and the auid
premiees ahall be sold to eatisf~r and psy the same together ~rith oodte, e~peasea, and allmvancee. In case of partiat
foreclosure of this mortgage, the mottg,n~ed ehall be aold subject to the oontinuing lien of this mortgage `j
for the amount of the debt no~ ~due d: Ia such a~ae tbe provisiona of this paragraph may again be
noailed of theieatter irom tame t~o bY ~
11. No ~vaiver of any oovensat ~in or e~ the obligation s~cur~d Lereby s1~U at sny time thereafter be held
to be a waiver of the ternas hezeof or of the nots seau~ed hereby. -
' 12. The lien of ttbiie inatmm~ent eball r~matn in fuIl for~e sad eSect during any postp~nennent or eutenaion of
t6e time of payment of tha indebtedaee~ ~ aay pa:t thereof necured Lereby.
13. If the l~iortgagor default in any of the oovensnts or aBreem¢nta oontatned berein, or in said note, then tt~a ;
Mortgagee may perform the asme, and a11 espend?turea (~ncludin8 x~onable attorneq's fees) made by the biortga~ee ~
in so do~n shsll draw interest at the rate pmvidcd for in~the principal i~debtednc~s, and sl~all be r~pa~•able ~
thirby (30~ day~aiter demand, and, Logether rPith interes6 and oosts socrued thereon, shall be securai bY ;
tLia mortgage. t
14. Upon the reqneat oi tLe Mo the Mortgagor shalt execute and deliver a aupplement8i note or
notes for.tlia sum or sums advanced b~~+IoTtgsgea for ihe alteration, modetnization, improvcment, main-
tenance, or repair of asid premises, for tsxea or a~ssments againsti the asme and tor any other purposc autl~or-
ized hereunder. Said note or notea ahall be seaui'ed hereby on a psrity with and as fully as ~f the ad~~ance
evidenced thereby were included in the nots ~irat describod sbove. Said supplement~el note or notes shall Lenr
interest at the rate provided for in the principsl indebtednees and shall bepayable in approximaLel~ equsl
monthly pay ments for such period ss msy be agreod upon by t,Le creditor and debtor. Failing to sgree on the
maturity, the wbole ot t~he sum or suma so advsnced shall be due and pa~ able thirty (30) da~ s a[tcr ~lem,+nd .
by the creclitor. In no event shall ttae maturity extend beyond t~a uttimate r~aturity oi tLe note firs6
described abora .
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