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tender to the ~Murt~a~;r~~ in a~•cur~un~•e wiil? the pru~isioux at th~~ uoti~ securrd lu•rnl~v. fuli parnu•~~l o( the
entire indebtednrsa repr~•aruteti iherrb~•, thN ~lo~tgag~~e, ux trua~~~~~, shall, in co~uputitig th~• aniount ot sucli
indebtcxlurav, ctedit to tlu~ d~•cc,unt of t~u• ~1ort ~uKur un~• ~•r~•dit balauce r~•wainin~ urid~~r th~~ provisiuils of (a)
ot ssid pgragraph 2. If there slial) tre• a delsu~t uuder any of the proviaious ~f tiiis n~ortgu~e ~esultiii~ in a
public sale o! thP prnniiars co~ered I~ereb~, or if the Alortgagee acyutrc~ U~e pro~erty othe~wtse efter defsult,
the biortgagee, e~a truette, shall apply, at the tune o~ the ~•onunencrment o[ such pra•rrdinga or at the time
the propert,~ ta otherwise aryuired, the amount then rNU~aining ~o ~rrdit ot ~~lortgaKor uncler (a) of Naregraph 2
preceding as a crcciit on the int~•re~st ercrued and unpaiit ~rd tite bulaure to the principal ti~en remain~ng unpa~d
on saiJ note.
4. He will psy alt taxea, ae~emente, wster ratea~ sad other governmental or municipal che?rges, 6aoe, os €
impositions, for which provieion hss not becn made hereinbefore~ and in default thereof the Mortgagee auy pay the ~
eame;1?nd that he will promptly deliver the o~cisl reoeipt~ therefor to the Mortgsgoe.
5. He will permit~ oommi~~ or au~er no waate~ impairment, or deterioration of aaid property or any parL thereot ~
except reseonsble we~?r sad tear; and in t6e evenL ot the lailure ot the Mortgagor to keep the buildingp on saic~
premiees Sad thaee to be erected on esid premiees, or improvemente thereon, in good repsir the Mortgagee msy
malce auch repairs aa in ite diacretion it may deem neceeeary tor the proper preacrvation t6ereo~, aad the tull amount
of each and every such psyment ahall be due :?nd paysble tbirty (30) dsya after demaad, sad nhall be eecured by •
We lien ot this mortgage.
6. He will pay al! and eingular L6e coete~ cbargea, aud expeneee, including reaeoneble lsayer'e tees, sad oosts
of ebetracta of title, incurred or paid at eny time by the Mortgagee beceuee of lhe failure on the psrt of the Mortgagor
promptly and fully to pedorcn the agreements and covenanta of eaid promiseory note and thia. mortgage~ and esid ~
ooeta~ chargea, and expenses shatl be immediately due and paye~ble and shaU be eecured by the liea of thie mortgage.
7. He will oontinuously msintain 6azard ineurance, oi euch Lype or typee and amounts sa Mortgagee msy
trom time to time require, on the improvements now or hereafter on said premises, and eacept when payment
for all such premiums has theretofore been msde under (a) of pa~a~aph 2 hereof, he will pay promptly when
due any premiums therefot. All insurance shall be carried in compeniea apptoved by I1lortgsgee and the poli-
cies and renewsis thereof shap be 6eld by ~iortgagee and hsve attached tbereto losa pepable clausee in favor of
anc! in torm acceptable to the I~lortgagee. In event oi loss he will give immediate notice by mail to Mortgagee,
and ~sortgagee may make proof of Ioss if not made promptly by :1~lortgagor, and each iasurance oompany
ooncerned ~s hereby authonzed ai?d d'uected to make payment for such loss d'uectly Lo biortgagee instead oi
to ~iortgagor end ~fortgagee ointly, and the insurance proceeds, or any part thereot, naay be applied by Mor~
gagee at its option either to t~e reduction oi the indebtedaess hereby secured or to the restoret?on or repatr of
the property dama~ed. In eve~t of torecloaure of this mortgage~ or other transfer of title to the mortgaged
property in ex~inguishment of the indebtednese secured hereby, all right~ title~ and interest of the I4lortgagor
tn and co sny insurance policies then in force shall p+~s to the purch~er or grantee.
K. If th~ pr~•rnis~~., <?r ur~~~ ~urt ll~e•re~ul. h~~ ~•o»~lru~ne~~l wul~~r thi• ~x?HC•r of ~•tnin~~nt doiuuu~, ur acyuir~~d for
a~~ublic us~~. tl~~~ ~IuuuiK~•s uw•ar~l~~~l. tlu• pru~•~~~vl~ for ih~~ tukin~ uf. ~~r thi• ~•~?nsi~l~•rulion for w~•h aryuisition, to
th~~ ~•xt~~nt ~?f thc~ full uuiount of th~• r~•rnainin~ un~?~~i~l i~ul~~iN~~~ln~~.s s~•~•ut~~tl h~• this iu~?ttKakc•. urn hc~rc•1~~-
u:si~;m•~i tu tlu~ \lurt~s~~rc•, uu~t liis lu•ir~ ~~r u:si};ns. :incl :liall !~e• ~~::i~l lurthw•ilh tt~ sui~) \1~?rtku~?~~e or 1?is
u;si~;ne•e t~? hr applie•~! nn a~•r~~u~it uf ih~• la.t uu?turinr• instullii~~•n~s ~?f •u~•h iu~ic~ht~vln~~~s: pr~?~•i~l~~~l. i?u~~-~~~•er,
thF, \1~?rt~u~;i•~• ~~r I~i` :t.:ikn~•~•. i~~u~~ at hia ~li;~•n•~iuii ~ui~- ~lir~•~~~ to th~~ ~furt;;uRur. his lu~in ur :?:.i~ns an~• part
~~r ult ui :u~•1~ u~~~?r~l: pr„~-i~l~~~l, thut ?f th~• I~~:ii~ ku:?r:u~t~~~~~1 ~?r ii?surt•~I. ti~~~ ~•un,c•nt ~>f th~~ g~uir•antur or i~~sur~~r
is ~?htain~~~l in x~iran~•~• of :~~i~l pa~•~iu•ut.
The `Iortgagee may, at any time pending a suit upon this mortgage, apply to the oourt having juriedictioa
thereuf for the appointment of a receiver, and suc6 court ahall furthwith appoint a reoeiver of the premiacs oovered
hPrc~by all add singular, including sll and singular the income, pro6te, iaguea, and revenues from whatever source
derived, each and e~•erv o( which, it being expressly understood, ia hereby mortgaged se if speci6cally aet forth and
descrit~l in the granting and habenclum clausee hereot. Such appointment shall be made by such court as an admitted
equity and a matter of absolute right to said 1liortgagee, and without reference to the adequacy or inadequacy oi
the vatue oi the property mortgaged or to the aolvency or insolvency of said 1liortgagor or t:~e defendants. Such
rents, pro6ts, income~ issuea, snd revenues ahall tse apptiec) by such receiver sccording to the lien of this nuartgage
wnd the practice of such court. In the event of any default on the part of the Mortgagor hereunder, the Mortgagor
agrees to pay to the ~lortga{~ee on demand aa a masonable monthly rental for the premi9es an amount at least
equi~slent to one-twclfth (~Z) of the agqregate of the twelve monthiy instatlments payable in the then curreat
year plus the actusl amount of the annua) taxes, assessmente, waier rat~, and insurance premiuma for such year
not covered by the aforesaid monthly p~ymenta.
i t). In the event of any b.-each of this mortgage or default on Lhe part of the Mortgsgor; or in the event that
any of said sums ot money herein referred to be not promptly and fully paid according to the tenor hereaf~ or in the
event that each and every the etipulations, agreements, conditions, and coveaante of said note and thia mortgage,
are not duly, promptly~ and fully pcrformecl; tAen in either or any such event, the ssid sggregate anm mentioned
in eaid note then remaining unpaid, with interest accrued Lo that time, and all moneys secured hereby~ shall become
due snd payable forthwith, or thcreaiter, at the option of suid liortgagec, as fully and comptetely etis if sll of the
eaid sums of money were ori~.nally atipulated co be paid on such day~ any thing in said note or in this mortgage to
the contr?ry notwithstanding; and thercupon or thereafter, aL the option of said Mortgagee, without notice ~r
demand, suit at law or in equity, may bc prosccut~d as if ail mone~s secwed hereby had matured prior to its institu-
tion. The :~tortgagce roay foreclose this m~rtRaqe, as to the amount ao declared due and payable, and the eaid
premises shall t~e sold to satisfv aad pay the ~sme together vsith ewate, expenses, and silowances. In case of psrtial
forectagure af this mortgage, the mortgaged premises sha)1 be sold subject to the continuing lien of this mortgage
for the amount ot the debt not then due an~f unpaiJ. In auch ce$e the provisions of this paragraph may again be
svailed oi thereafter from time to time by the ~tortgagee.
11. No waiver of any covenant herein or ot the obligation secured hereb~ shall at any time thereafter be held
to be a waiver of t6e tem0s hereof or of the note secured hereby.
1''. The Gen of this instniment shall remain in full force and eRect cluring any postponement or extension of
the time of payment of the indebtednese or eny part thereof secured hereby.
1:i- If t6e Morigagor delault in any of the cotienants or agreements contained herein, or in said note, then the
Mortgagee may perform ~he same, and all expenditures (inciudiag reasonable attorney's fees) made by the Mortga~ee
in so doinK shall draw• int~rest at the rate pm~•ided for in the principal in~l~btedn~ss, nnd shaii be rnpayabie
thirty (30) da~•s after clemand, and, together with interest and costs accrued thereon, sl~$I1 be srcured by
this mortgage.
14. L'pon the requrst o( th~ ttort~a~ee the titort~a~or shall execute and deliver a supplemental note or
not~•s for lhc sum or sums ad~~anc~~l D~ the ~iort~n~;ee for lhe altcretion, modcrnization, impro~•cment, msin-
tenance, or repair of sai~ premises, for taxc~ or a~.~cc5ments against the samc and tor an~• othcr purµose author-
ized 6emund~~r. Said note or notes shall be securcd hereby on a parity with and as fully as it the advance
evidencrd thereby were inrluded in the note first described above. Said snpplemental note or notea shall bear
interest et the rate pro~•id~d tor in the principal inclebtednc•s and shall be pa~ able in sppmximately equal
monthly pa} m~nts tor such period as maY bc e~;reed upon b}• ti~e creJitor and debtor. ~'ailin~ to agree on the
maturity, t~e whote o( the sum or sums so aclrancc~) shal) be dae and pa~•able thirL~ (30) days atter dcmend
by the creditor. In no event s6a11 t6e matwi~~• extenJ beyond the ultimate ziaturity ot the note first
described sbove.
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