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tenJor to tl~e A1ortKakrr in scconlsuce. w 1~ the pe+ovr1Qi18 O~ IIIP IIOIP srrurrd hernb~•, tull pa}•ment of tl~e
en~ire indebtedores wprc~nted then+bv, t~e Mort~~gee, ss trus~et?, ahwll. in compuling Ihe amount ot such
indebtedneea~ creclit to the account of tl~e Alorig~Ror any rredit bal~nce re~uainiug under the pro~ i~io~~a o! (a)
ot a~id ~rspl? Z. !f thcre aliall be s defsult under any ot tl?e provisioi~s of ti~ia u~ortga~e rn~ulting in e
public s~le o the pr~+misrs covered hernb~ ~ or it the Mongag~+ acqu~rea tl~e propeny otherv?~~se aft~~ default~
the Mortgagee. us truatee~ shall ~pply~ at the tune of the com~nencement of such proceedinga or at. tlie timP
the pmperty is olt~erwise aeyuirecl. the smount then reu?~ioin~ ~o ereclit ot Mortgagor under (a) of para~;ropl~ 2
preceding as a credit on the interesC ~ccrued ~?nd unpaid and tt?e balpi~co to the principal then reniaining unpaid
oa said note.
4. Ss wW p~ sll ta:a, are~ement~, wst~ee est~ee. ~nd otber~o
vernmeatat o~ muaie~P~l ohar~es. 6ne~. o~
impoeitions, fos w6ioh provifion bas not been made 6ereiabetore, ~ad Ia det~ulL thereoi ihe Mor~i~6~ ~+?Y P~?Y ~
~ame; and that be will promptly delive~ tbe o@'ie~al reoeipta t6eretoe to fhe Mort~es.
b. He will permit, oommit, or wHer no wasts, impairmeai~ oe deta~o:ation oi aaid pe~opecty aaoy p~rt thareof
esoept reae~n~ble wear and t~ear• and in t6e ev~t of the failure Mortg~sgor to keep t6e buil' d'~nde on e~ic~
premiees and tbase to be ereet~e~ on eaid peeaniees~ or improvements tbereon. ID ~ood repair ths Mortg,~es ma~Y
of a~cL aad e~~ sucL ~ts dieontis6all be due and~~ tor t6e P+'oP~' P~~sti~ thereof. sad the luil amount
~?~Y P~4Y~ P~1Y~ ~Y ~ Jt~+e demand, and ehsll bs secured by
tLe lien of Lhis anort~,sae.
6. He will psy aq and ein~ulu tbe oosts, and e~cpeases, ineludins reaeo~nable Lwyer's fees, and oost~
af abstraofs of title~ incuned or pstd st any time by~ort~6ee becauee oi t6e failure on tbe part oi the Mo~t~gor
P~'~Ptly aad fully to pedoron the a6reements aad oovenants of sdd pmmieeory note snd t6ia mort~g,s~e~ and said
~~r6~. aad expenees sLsU be immedistely due and payable and shall be seeured by the lien of tha mortge~ge. .
7. He aill oontinnou~ a~a~otain 6azard insuranoe, oi such tjpe or t~pes and amounte as Mortgagee au~y
trom time to time reqnire~ oa the impr~vements now or Lee+e~tter on said premises and eaccept when psymen~
tor all sucL premiuma ha8 theretofon been aiade under (a) of paragraph 2 hereof ~e will pay pmmptly when
due sny peBmiums therefor. All iasw~t?ce shall be carried ia compuues sppmve~ by 11i ee snd the poli-
cies and reaewsia t6ereoi ahall be held by Mortgagee and bsve sttached thereto lo~ payable usee in isvor oi
and in form accepta~bla to the Mo tg~agee. Ia event of loss he will give immediate notioe by mail to Mortgagee,
aad 1~iortgagee mey make proof~~~[ Ioes it not made pmmptly b~ Mortgsgor, and each insuranoe oompsny
ooncerned is 6ereby~suthori:ed and directed to make payment for such loes directly to Mortgsgee inatesd of
to Mortgsgor aad Mortgagee joiat~y, snd the inaurance proceeds, or an,y part tbereof may be sp-
_p7ied by Mortr
gagee at its optioa eit6er to tbe reduction oi the indebt~ednees hereby eecured or to t6e restont~oa or repair of
tLe pmperty dsma~ed. In even~ oi foreclosure af this mortgage, or other transter oi title to the mortgsged
pmperty in e~ctingwshmeat of the indebtednees eecured hereby, sll right, dtle~ and interest oi the Mortgagor
m and to any inaurance policies then ia force shall p~ss to t6e purchaser or graatee.
8. If Uie premi~~s, or un~- purt thercwf. !x~ c~ondPiuned uuder the pow~r of eminent~ do~i~uu?, or acquirecl tor
a public use, tli~ dun~x~~~s awarde~l, th~• pr«•eMis for the takin~ uf, or the consicl~rntion for such acquisition, to
th~ extent of U~e fult enwunt ot the ren~aining unpaid iudeLl~~lness ~rurncl b~• tliis n~ortga~e, atr liernb~•
assiKaed to th~~ tilon~eg~, und hi.ti h~•in ~~r assi~?ns, und ~hall tx~ puid forthW itli to suid ~tortgaf;~~ or his
ussignee to be applied on a~~•ount uf th~ last ~~~nturiuk ii~stallnu~nts of surl~ indc•L(MIIIE'SS; pmri~lyd, IIAN'l~~er,
thc liort~a~e~~ or h~s assiKnc~~ uia~ at his discn•tion pa~• din~•t to tL~ ~iortgu~or, hu h~•ir~ or ussiKns an~• part
or all of suel~ awanl; pro~iJecl. tliat if the loan is Kuarunt~~Yl or insurecl, the consent of the guarantor or insurer
is obtain~d in ad~ence of saiJ pa~•~uent.
~J. The Mortgages may, ac any cime peaaing a s~,it upon ttiia mortg~sge, spplr to the eourt 6sving juriediction
thereof for the sppoiatment of a reoeiver, snd such oourt ahall torthwith appoint a receiver of the premises oovered
hereby all arid singular~ includin6 aU snd eingular the inoome. Pi'o6ta, i~ue0. and revenuea fmm ~rbstever eouroe
derived~ es?ch and every of w6ic6~ it being expressly understood, ia hereby mostg,aged ae if specifically eet forth snd
deecribed in the graating and habendum clauaea hereof. Such appointanent ehall be made by such oourt aa an admitted
equity aad a ma~ter of absolute right to eaid Mortgagee, i?nd ~rit6out refereaae to the adequa~y or inadeqw?cy of
tbe value of the property mortgeged or to the solvency or ineolvency of said Mortgagor or t,~e defendsnts. Such
reata. Pro~ts. inoome, i~~a, aad revenuea shsU be applied by such reaeiver acoordina to the lien of this
aad the practioe of such eourt. In t6e event of any defsult on thepar~ of tbe Morf~or hereunder, the Mo~r~~
aarees to p~y to the Mo on demand as s r~asonsble montiily rental fos the premieea an amouat st~
equivaient to one-twelfthr (~j of the ag~egsfs of the twelve mont~hiy inatallmenta psyable in t6e thea cutreat
` year plua t6e sctual amount of tbe annusl tsuee, a~aements, ~vater mt,ea, and im~uanoe premiume for euch year ~
F aot oovered by the aforeaaid monWl3? PsYmente. ~
~ 10. In !he event of any b*each ot thia mortgage or defsult on the par! of the Mortg,ngorr or in the event that
any of eaid sums of money hemin referred to be not promptly and fully paidaccordingto the tenor hereof~ or in the
I event t6at each and every the atipulations, agreemenfa, oonditions, and ooveaanta of esid note and t6is mortgage,
~ are not duly, promptty, aad fully pedormed; then in either or any such event, tbe esid aggregate sum mentioned
in asid note then remainin6 unpaid, ~rith interest aocrued to that time, and all moneys secured hereby, shaU beoome
due and psysble fort6~rith, or thereafter. at the option of said Mortgagce, as fully and completely as if sll of the •
aaid suma of money wer8 ori~inally stipulated to be p~aid on such daY, ~Y~nB in esid note or in this mortgage to ~
t6e oontrary not~vit6standing; and thereupon or thereafter, at the option of said Mortgagee, without notice ~r
demsnd~ suit at law or in equity, may be pm~ecuted as if all moneys secured hereby had mstured prior to its institu- ~
tion. T6e Mortgagee may foreclaee this mortgage. as to the amount eo declsred due and psyable~ and the said ,
pr~misea shall be sold to sstisfy and pay the same together wit6 costs, eupenses, and allowancea In case of partial i
foreclosure of thia mortgage, the mortgaged pmmises shaU be euld subject to t6e oontinuing lien of this mortgage ~
ior the amount of tbe debt not then due and unpaid. In sucb e~ee the provisio~ of this paragraph may ag,sin be ~
•vailed of tbereafter lrom time to time by the Mortgsgee. ~
11. No waiver of any oovenant 6erein or of the obligation eecured hereby s6aU st any time t6ereafter be held
to be a waiver of the terms bec~eof or of the note eecured hereby. ~
12. Tbe lien o[ this instrument e6s11 remain in fuU force and e6ect during any postponement or extension af
tbe time of paymeat of tbe indebted~as or aay psrt thereof aecured hereby.
13. If the Mortgagor default in my of the oovenante or sgreementa ountained her~in, or in esid note, then the
Mortapgee msy perform the eame, and all expenditures (including reasonable attorney's fces) made by the MortgaRee
in so doing shsll dnw iaterest, at the rate provided for in the principa) indebf,eclness, and shall be repayable ~
t6irty (30) d~ys atter demand~ snd, toget6er with interest and costs acerued thereon, shall be secured by
th ~s mortgage.
14. Upon the request oi t6e Mortg~tgce the Mortgagor shall execute and deliver a supplemental note or
notea tor t6e sum or awns advanced by the ~torl.gagee !or the alteration. mociernization, impro~ement, main- ~
tenance. or repair of said premiscs, tor taxes or assessments a~;ainst the same and for any other purpose suthor-
ised hereunder. Said note or notes shall be securerl hereby on a parity wiih nnd as fully as it the advance ~
~videnced thereby were iACluded in the note first described above. Said supplemental note or notes shall bear
intereat at the nte provided for in the principal indebtedness and shaU be payable in ap prorimstely equv
monthly payments tor such period as may be sgreed upon by the creditor and debtor. Failing to 4gree on the
maturity, the wbole ot the sum or suma so advanced shall bc due and pa~aWe thirty (30) days atter demand ~
by tbe credibr. In no event shall tLe maturity eutend beyond the ultimrte raa~urity oi t,he note first ~
described sbove. ;
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