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tenJer to the ~lortgn~;rN in acc•ordgu~•r w•itl~ the pro~•i~iuna o~ tl~e uut~• srcurr~l I~rn•b~•. full ps~•nu•ut ot the
enti~e indebtednrsa repmsrntrd tl~errbr, tl?r ~lortKx},re, as trustee, s1?all, iu cuutiputinK t1~r a~uuunt of such
ind~b~eJurss~ credit to tl?e ac~•ount of tl~e ~fort e~;ur a?~' credit balunce ~r~uainir~k und~~r tlu• pruvisic?ns o[ (a)
ot said paragraph 2. lf there shall tx~ e defau~t un~ler au~• ot tl?e pro~•isious of ti~is u?or~Ka~e rr5ultiu~; in a
public ssle of U~e premiycs ~•ovrred hrreb~, or if the ~lortgagre acywres tlie pruprrt~• oth~•rw•~se efter ~lefault,
the !1lortgx~ee, as truatre, sliall apply, st the tuue ot the cou~uienceu~ent of such prorerl~llfK'S O~ 8l tlfP ~1f11P
t!?e properly is otherwise uc•yuired, tlie a~:~ount t!?en rruisining to crrdit of ~lortKuE;or undrr (s) of Narx~rapl~ 2
preceding ue a rredit on the ltllP~NS~ Bl•crued auJ uopuid and tl~e Lalanre to the pr?ncipal ti~en reu~aiu~uR unpatd
on seid notr.
4. He rriU psy dl taxea. aaeeee~menta. wstet rstea. aad otober governmental or muaicip~l chsrgea fiae~. os
impoaitione~ for which proviaion hua not been made hereinbeton, and in de[ault thereof tbe Mortgaqes msy p~y t6s
aame; ~nd tbat he will prompUy de4ver the o~cisl reoeipta tbere[or to the Mortg~ag~ae.
5. He ~rill Dermi~. oommit. or euHer no wsate. ~osirmenk or deterionati~n ~.f ~i nm.ti?rt...~. ~~.a••~. -
e~ccept reasonabte we~r snd tesr; snd in the event of t6e tailure oi tLe Mortgagor to keep fbe buildin~e oa esi~
premisee and f.6oae to be erected on e:id premises. or improvementa thereon, ia good rep~air~ the Mortgagee may
make suc6 repairs aa in its diecretioa iL ma~y deem neoe~ary tor the proper preac.nrstion thereoi, and the lull amount
of eac6 and every auch payment ehsll~ be due snd p~Y~b ~Y ~Ys after demaud, and ahsll be secured by
We lien of t6is mortgaae.
6. He wi11 pay aU und singular the ooets, chsrges, and ezpenees, includin~ reaeonsb~ lswyer's fees, sad oosta
of abetrscta ot titlt. incurred or paid at any time hy t6e ~1lortg~gee bea?use of the failure on tLe part of tha Mortgagor
pmmplly and futly to perform the agreements and oovensota o[ eaid Qromieeory note an~ tAis mortgage, snd said
eoeta, chargee, snd expenses shaU be immediately due and psy~?bie and ahaU be secured by the Gen ot thia mortgnge.
7. He will oontinuously msintsin hazard insursnce, of euch type or types and amounts sa Mortgagee may
fmm time to time requu~e~ on the unprovements now or hereafter on said premises, and ~~cept when payment
for all such premiu~ns has theret~ofore been msde under (s) oi pacagrsPh 2 hereof ~ he will pay promptly wLen
due any premiums theretor. All insurance ahaU be carried in compamea approved bp I~iortgsgee and the goli-
cies and renewels thereof shall be he1J by tiiortgagee snd 6sve attached thereto loss payable clausee in favor oi
and in form acceptable to tbe 1lortga~ee. . In event of losa he w~ill give immediste notice by mail to Mortgagee,
and ~iartgagee may make ,gr_?oi ~f ~~ss d n~t msds grom~:tly ~y ~i~rs,gagor~ aud r.s~l~ iususan.~ ~mpany
ooncerned ~ hereby aut6onzed and d'uected w make paymeat for such loss du~ectly to Mortgagee inatead oi
to 4lortg,agor and `iorcgagee jointly, and the insurance pmceeds, or any part thereof~ may be applied by Morw
gegee at ita option eit6er to the reduction of the indebtednesa heceby secured or to the restontion or repair of
the property dama~ed. In event of loreclosure oi this mortgage~ or other trans[er of tiWe Lo the mortgaged
property in exlingwshment of the indebtedness aecured hereby, all right, title~ and interest of the ~iortgagor
m and to any insurance policies then in fon;e sbaU pnss to the purcLa,er or grantee.
8. If th~• prrini,~~, ur un~• psrt iher~~o(. 1x• rondi•iun~•~l m~der ih~ poN'~~r of euii~u•ut dou~uw, or acyuin~d for
a Qublic us~•, tlu~ ilauiu~:~~ aHardecl. t!?~• {iccu•r~~+ls for tl~c tukin~ of. or th~• ~on~i~ic•r~tion (or su+~h aryuurtwn. to
the ext~nt of th~~ futl sniount of th~~ r~•n~siuing un{~ui~l in~l~•1?t~~~ln~~ s~~•un•~I h~- thu uiortg~Ke, am her~~b~-
us.si~:~u~~i to th~• ~Iort~aK~~t~. un~l I?i. h~~ir~ ~~r a>~iru:, anif :i~uli tM puiil forthw•ith to ,ai~l ~Ic?rtku~:~•~• ~r i?iti
a~iK»ce tu 1H~ applied on a~•~•otu~t ~?f thi• last ~nuturin~ iustallniruts of sw•i~ iudc~htt~~in~~: pro~-id~~d. hoH•~•~-c~r,
the \lori~?u~~~~• ur his :LCSiKnee. ~uu~• ut kis ~li~;~•r.•tiun pa~- clin•~•t to !hr ~Iortka~;or. !?is I~rir.: ur u:.~~~ns uny }>art -
or all ~?f sw•h uH-ar~l; pro~-i~l~vi, th:?t if th~~ l~~ali i.; ~;~i:~ranir~•~I or insun•~l. thc• ron+ent of th~~ guurantur or insurnr
is obtaine~i i~i ad~•anc•e of said E~a~-~u~~nt.
'J. The ~iortgagee may. at any time pending a suit upon this mortgage, apply W the oourt having jurisdictioa
tbereof for the appointment of g receiver, and suc6 court shaU forthwith appoint s receiver of the premises oovered -
hereby all arid singulat, including all and singular the income, profita, issues, and revesuea from whatever aource
derived~ each and every of which, it being expressly understood, is hereby mortgaged ss if specifically set forth and
described in the grapting and habendum clauses hereof: Suc6 sppointment ahall be made by guch ooutt a4 an admitted
' equity and a mstter of absolute right to said l~iortgagee. and Rithout reference to the adequacy or inadequacy of
the value of the property mortgagc~ or to the solvency or insolvency of said ~iortgagor or t:?e detendants. Such
rents. pmSta, income~ issues. and revenues shalt be applied by such recei~er according to the lien of this mortgage
and the practice of such court. In the event of sny default on t~e part of t6e 1liortgagor hereunder~ the Mortgagor
e,grees to pay to the ~tortgagee on demand sa a reasonable monthly rental for the premises an amount at least
equivalent to one-twelfth (~Z) of the aggregate of the twelve monthly installments paysble in the then cun~ent
~I
year plus the actual amount of the annual taaes, a5sessmente, ~rater rates, and inauranee premiums for such year
~ not covered by the aforesaid monthly psyment~a.
i0. In the event of any b-each of this mortgage or default on the part of the ~tortgsgor; or in the event that
i any of said aums of money herein refened to be not promptly and fully p~aid according to the tenor hereof~ or in the
event that eac6 and every the atipulations~ agreements~ conditiona, and oovenants of said note snd this mortgsge,
are not duly, promptly, and fully performed; then in either or any such event, the said aggregate sum mentioned
in esid note then remaining unpaid, with inierest acctued to that time, and all moneya secureci hereby, ahall beoome
due and payabte forthwich~ or thereafter, at the option of said ~iortgagee, as fully and completely ,~e if all of the
esid sums of money were ori~inally atipulated to be paid on such day~ anything in said note or in this mortgage to
the contrary notwithstanding; snd thereupon or thereafter, at the optioa of said 1liortgagee, without notice ~r
demand. suit at law ot in equit~, may be proeecuLed as if sll mone~~s secured hereby had matut~ed prior to its institu-
tion. The :~iortgagee may foreclose this mortRage. as to the amount so declared due and psyab3e, and the said
premises shal! be sold to satisfy and pay the same together aith oosts, eapenses, and allowancea. In ca~e ot partial _
foreclosure of this mortgage, the mortgaged pmmises shall be sold subject to the continuing lien of this mortgage
ter tt?e amount of the debt not thea due and unpsid. In such csae the provisians of thia paragraph inay again be
~ svailed of thereafter fmm time to time by the ~tortgagee.
11. No waiver of any oovenant herein or of the obligation aecwed hernby shaU at anS time thereatter be held
I to be s waiver of the terms hereof or of the note secured 6ereby.
! 12. The lien of t6ia instrument ahall remain in full force and eSect during any postponement or exten~on of
! the time ot puymen~ of the indebtedness or any part tbereof eecu~ed bereby.
I:i. If the Mortgagor default in any of the co~•enanta or agreementa contained herein, or in said note, then the
Mortgagee may pedorm the same, and all expenditures {including reasonable attorney's fees) made by the ;~lortgaRee
in so doing shall drav? interest at the cate procided for in the prin~ipal indebtednc~ss, end shall be mpa~able
thirty (30) days a[ter demand, and, together with interest and costs accrued thereon, shal) be secured by
' this mortgsge.
14. Upon the request ot th~ Siortfia~ee the ~iort~a~or sha11 execute and deliver a supplemental note or
notes for the sum or sums ad~•anccd o~ che \tortgagee tor the slteration, moderniaation, improvcmcnt, main-
' tenance; or repair of said prcmises, !or taxes or as.~es5ments a~ainst the same and tor an~ other purE?ose author-
ized bereunder. Said note or notes shall be secured hereby on a parity w ith and as [ully as if the advance -
evidenced thereby were included in Lhe nole 6rst described abo~ e. Said si~pplemental note or notes shall bear
interest at t6e rate prorided tor in the Qrincipal indebtedness and shall be pa~able in n~prorimately equsl
. monthly pavments for such period as ma~ be a~reed upon b~ the crcditor and debtor. Failtng to agree on the
maturity, t~e whole o( the sum or sums so ad~•anced shall bc due and pa~-able thirty (30) days after dcmand
I~ by the creditor. In no e~ent sball lhe maturity extend beyond ~he ultimate t~aturity ot Lhe note first -
deacribed above. ~
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