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incom~, p~o~ts, is~v~s and r~ve~ue• or~ h~rtbr nw~~qa9~d os if sp~cifkolly s~t forM ond d~sc.ib~d in M~ 9rcnli~?p ond I+ob~ndwn
clous~i h~r~of. Onl'I fYCA IKfiver sAall hav~ oll th~ brood ond •1fKfiv~ funttiOns ond pow~n a~r w~s. •~~ru~~•d by o couN ~o a !
r~ceivt~. ond such oppo?ntmant shall be mode br such tou?t oi an odm~tttd ~quitr and a motte~ o~ abso~vt~ ri~ht in fh~ Mo~pap~~. ~
ond wiMout ~efere~ce to H+~ adeQuocy or inodequaq of ~ht va~ue of th~ prop~rtr mort~oq~d. or fo th~ solv~ncy or insolv~ntp of
Mt MorfQopor and/or the deFendcnf ond wcA r~nN, profits, incan~, iswti o~d r~venu~s sholl b~ applied br t1~~ r~c~iv~? oaorain~ ~
to th~ li~n ood ~or equitr of this nw~tQop• o~?d M+~ p~ottic~ of suth court, ond such oppointn+snl of ret~iv~r shotl be witll0uf IWfK~ ~
fo any obli~or hereunder.
NINTH: The Mo~tyopor Aereby woives all riphts of homestead ond ea~mption 9?onte~ br tht Con~litution ond lows of
fbr~do. It is spccifically o~reed M+ot fime is of Me essenc~ in this controct ond tho~ no waiva~ by ?he Mo~t9o9e~ of any obli~ot~on
hereunder o~ of the obliqotion secured hereby sholl ot onr time M~~eofte~ b~ held to be o waiver of ~1+e t~.ms h~reof o~ of M~
obli9otion setured Aerebr. •
TENTH: Upan a~y so~e, tronsfer a conveyonce of the prope?ty he?ein de:cribed ond covered by this Matpo~ to ony
perso~, fim+ a torpaotion, whose tredif•wathiness hos ~ot been oPD~~ w~~tirq by tM holder of this Mat9o~e, the Mort9opee _
or holde~ sholl hove the ?ipht, ot its sole option, to ccctkrote the motwity of this MortpoQe os thouph it were dw ond peyoblt
on the doy of such trorufer, if ~pon notice of soid trorufer, the Matpo~se w holder hos pood rsosan to be~~ave N+ot tM s~cwih
of the Mo.t~o~ce or holde~ hos been ho?n+ed or ploced In jeoparAy. The Bonk sholl receive o con+plete cwrent fi~onciol stota
ment in o form ond p?esenbtion sotislxtory ro the Bo~k ~
QEVENTN: If forecbsure proceedin~s of c~r s~cond na~t~op~ or second tnnt deed or ony junior lien of ony ki~d should
be i~stitvled, Me Mo~t~aqee moy, at its optior+ immediotelr or thereoker declare Nm nw~t~oqe cnd the indebtedness setured
herebr due ond porable.
TWaFTH: Thot in the eve~t fhe pren+ises her~br narfqaped, ot onY part th~reof, shall b~ condermed and takM for public
vse under Me powe? of eminent danoin, the Mo~t9aqee shall hovt the ri~ht ro d~mond fhat oll donw~es aword~d for 1ht takin9
of or damages to said premises shotl be paid to the Mo~t~cp~~, up to tht amow~t then w~paid on N+is nwrt~ape and 1h~ obli~ation `
secured bereby and mar be opplied upon 1h~ poynNnts la~t payabl~ und~r tF~is mort~a9• and Ih~ obG9otion s~cur~d Mr~br.
THIRTEENTH: That iratollments, porable und~r Ihe tsm~s hereof ond fhe nots secvr~d hereby, not pcid when due, shaQ be
subject, aRer fiheen (15) dars from fht dw dote thereof, to, a~d it is o~reed Matpapee sFwll cdlact thereon ond lfierewith, o
"late charge" in the anavnt of four per cent (4~ of the installmeM dw upon eatfi wd~ d~linquent a~stallmeM, ond sutl~ "lat~
chargei' are secured br 1he lien h~~eof.
FOURTEENTM: WiMaut impairin~ the obli~atio~s of Mortqoqor taNain~d in poraqraphs SECOND, THIRD and fOURTM
hereof, and fw applicotion to the purposes th~reof insofar as the soms sholl b~ sufF'id~nt, Mo?tqa~cu shall, in addition to the
monthlr Parments of prinapol and inhr~t cs stated in the oriQinal not~ lond in IM not~ or not~s seared hereby? provided ro be
nwde, par a nanthlr swn ond onaunt equal to ons-tw~lflh I1/1Z) oi the ~stiewfed annuol ta~c~s, assss~n~enh and inwronc!
premiwns upon the reol estate searitp, as MN cmou~ th~reof is dN~reninsd fran tin~ to time by the Mort9oqee.
' FIFTEENTH: That the Mortga~or shoU fumish anwoNy, at the requesf of fhe Mort9a~ee, Rnan:iol statemenh in forn~ and
cenified in a manner satisfactory to the Morfae~ee.
SIXTEENTH: This nw~tqa~e also s~ares cny and cll renewols ond ~xtansions of the pranissory not~ r~f~rr~d to herein ond
secured hereby, and all instollments thereof, ond olso anr other notes which hove been or nwr be give~ ro the Mortyaqee by the
; Mortgogor, ond ony other indebtedness of the Mort~apw to the Mortqo9ee whith, however, shall not exceed ot any one time
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the ag~re~ote unpaid principol sum of .___FIFIffiJ 7•'f~D 1~~ I~~1~~ -T
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~ N - - - - - - - - - ~ - - Dollors tS 15, 000. Q0
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! ~t being the specifk inteMion that further odvances may be neade by the Mortqaqe~ at its option to the MortQaqo~, eith~r prior b
~ or after the due dotes of the above refened ro promissory note herebr sewredj ond this nartyaqe is ~iven for Ihe specific
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E Purpose of securin9 any and all indebfadness by the Mort~a~or to the Mortsa~ae in whateve~ enonner the some may be evi-
~ denced or represented, until this nwrtyaQe is satisfitd of r~cord; ond all oovenoMs ond a~reements contoined in Ihis nart~aye
shall be applicoble to otl further end future advonces mede br the MoAQa~~e b the Mortpaqor ond all other indebtedness of
~ Mort~ago? to the Mort~aQee, ond anr and al) ren~wals or exte~ions ther~of.
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