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3- To p~~mit, tommil or wff~r no wa~~~, ~mpairrnmt or det~rior~tioe of u~d prop~rty, or ~ey p~r~ thereof, and upon ~he (~~lua of th~ mort~~9or to k~ep
F~: 4:=~!~ M u=~ ~4g~1y In ~ood conditioe? of r~otir. th~ Morlp~pN m~y dem~nd tn~ immed~~te rep~ir of uid bu~ld.nps, or an incre+fe in tn~ ~mount
of ~tturity, or th~ imm~d~~tf np~ym~nt of tF» d~bt Mrtby it:.,red and tns iailwt of Ih~ Mo+~D~yor tp to iy w~~n s~~li c~m~i~ci oi iTw :.'wi ~y:yes ivr s
p~riod of thirry (3J} d~y~. ~hall constitut~ s bruch of thi~ mwty~y~. ~nd. ~r,~M opfi .Of ~h~ Nbr~pay~ .i~ed~~tely m~wr~ th~ ~m;.~ amovnr of p~:nci-
pd and inta~~t hereby ~scured, e,d ~mm~d~a~~ty ~nd withou~ notia. tM Morr9~ may b1~Nwr~ procsld A~ for~close ~h~i mo•~p~p~ ~nd apply for th~
~ppointm~nt of ~ R~uirtr, Mr~ina(t~r provid~d.
6. to p~~form, comply w;th ~nd abid~ by ~~ch u+d ~very ~t~put~tani, preemtr+t~, cond~tior+s and cove~anrj ~n :a~d p~omitsory oot~ and deed 1~t lorth.
7. If ~ny of th~ wms of mon~y htr~in niKnd to b~ not promptly ~nd (ully p~id wiihin rh;r~y (30) d~y~ next a(~er th~ ~~rn~ s~var.Ily becom. du.
•nd p~y~bl~, o? if each ~nd ~very tM ttipulat~on~, prt~m~nn, condition~, ~nd covsnims of said prom;ssory nore ~nd thi: mo~ty~y~, o~ sifhsr, ~re not duly
p~rform~d, tomplitd with ~nd abid~d by, th~ ~yreyal~ tum mentioned in ~a~d promiiiory nore shall become dve and payable for~hw~th or thereaf~u at th~
optqn of tM Mortg~qet, ~s iully ~nd tomplttely a~ if aid ~yprey~t~ ~um of money was o.i~inally snpulated to be p~id on ~uch day, ~nythinp in uid
promi~wry ~or~ or hsnin to th~ co~trsry ~otwithitu~derp.
To d~liv~r ro uid Mortpages, on or befon Much lStfi of ~Kh y~u, bx rec~ipn widencinp ths payment of all I~w(ully imposed ~~,ce~ (a th~
p~~asd~ny c~tendu y~u, fo dttiv~r ro:aid hb~tysye~~ fKtiPf~ fYKIf/Kinp ~h• p~yment oi ~II li~ns for public improvemenn within nin~ry (90) days ~ite.
~h~ iun~ ~hall b~com~ du~ u~d payabl~ and to p~y a disch~rp~ with~n nin~ry (9p) days ~fter due d~te, any 'and all qov~rnmeoul liwie~ M~t may b~
mad~ oe? tM mw~yped property, on this mo~~9p~ or noa, or in ~ny otMr w~y r~sutiiny from the Mo~ryage indtbtednsas ucured by this mo?~paps; and if
rhis conditqn M no~ co~+pl~ed with u~d p~rformtd, Nid mp~t~i~N m~y p~y such wm o~ ivms which ihall become part of tM deb: ucured by th~s morrya~e,
and ~hall beu ~n?e.est at ~I» same rate as the monpsge note, p~Yable umi-annually unt~l pa~d a said Matgsqee may eled ~hat said matgaga debt
tF~ereupon becom~ dw and payebte iwthwith: .
9. It is turther coven~ntsd and apned by ~aid partiq thaf G+ th~ ev~nt of • svit b~inq ins~~tuted to iweclos~ this mwtya~, rM. Mortpps~ shall
be entitbd to ~pply at a~y t7me pend~rg such fonckwn wit to th~ court h~v'wp ju~iulicr;pn fhercof for the ~qw~ntment of a nceiv~r of ~il ~r+d sinpular
rh~ nwrtpa~ed p~ope~ry, ~nd of all the renb, intomes, profits, isiues and r~venvas ~hereof, irom wh~tsoever source derived; ~nd thereupon it is hertby
•xp~saly covlnanted ~nd s9rced that th~ oourt sh~ll forthwith ~ppoint ~~eceiver Oi a~id mwt~aged property, a!1 and sinyular, and of wcM rents, incomes,
profin, itwet and revsnw ~Mreof, f~pm whatw~vtr tourp dtriv~d, with th~ usual powen x+d duues of ~ecc~vers in like cases; and wch ~ppointment shall be
m~de by wch co~,rt a~ ~ matt~r of strict rght fo 1M Mortpapee, iri suct~~son, Ipal repnsenlatives or ~~i~ns, and withput ~eisrtnc~ fo the adequ~cy w in-
adpu~cy of tM v~:ue of th~ prope.ry hertby mortpaQsd, or b tM sohe~cy or insolvency of Me Monyago., and that ivch rent, profits, income, iuw~
and rwenws shall be ~pplied by wch nceiv~r to th~ paym~nt of th~ maty~~ indebtedneu, cosu ~nd chu9es, ~ccord~nq to tM orda of such oou?t.
10. Upon any defa~lt w+der the mortg~ga note w the mw~gage, or in the went the ownerihip of anY property secwing the mortg~ge note becomes
vested in • person other fh~n fhs mortgsgor n~med i~ the mo~tgage, at the option of the holder of the mortgage note the ~npaid bslance of ~he
mwtgsge note and any advances msde vnder it, or the mortgage, togethcr wiM inlereat, shall become due and paysbie, t~me be~ng of fhe essence of
•h~s t•,••:r~ce. A~ryr waiver of mv pavmeM under tAe rate w mortgage at any rime tFull not, st any othtr time, be taken ro be ~ warver of the rerm: of the
note or mortgage, sr+d ihe sccepance of paymena ~rpon said indebtedness shali not cons~it~te a wsrver oi r'ne op?~on oi i+~e iwtci~r ~t she :~:e scc~!rrsea
repayment of tl» emire w+psid b~la~ce, ~rnkas the holder expressly gnnts such waiver in writing.
11. If a convey~nce should be made by fhe mortgsgor of the premises I+erein dexribed, w any pa?t the?lof, and should the grantee or any subse-
qvent grantep under satd conveyance, who has assumed the mo+tgaqe and indebtedneu, be in default by v~rtue of a breach of any of the p~ov3sons
of this mortgsge w the provisions of any ~uumpt~on ~greemem with the mortg~gee, whether a not aaid assumption agreement mod~fies the terms of
the mortgsge ~nd irxlebtedness, then and tl+ereio?e, the mutga9or hereby conunh to ~ssumption snd the prov~sion~ of sny auumpt~on ~greemem w;th
the mortgagee, ~nd to any mod+'ficat;ons of the terms w provisions of the mutgage sr+d incfebtednras ocn~~oned by u~d sssumption agrqement and does
fur~her hereby y~snt the matgagee the r'ght to g?sM extensions of time to said grantee witho~t notification of, without the conxnt of, and without alfect-
~ng the lub~l~ty of the orig~nal mortgagor, a any subsequent rtwrtgsgor. ~
12. When any ainwmt of money to be paid by the matgagw to the mortgagea under the terms he.eof shall be 7n default, o? should the mwtgago~
delavh }n any of fhe other Irrms, povisions or cond~tions of thii mortgage, then i~ tMt use he mortgagee shall have th! right, withoul notice fo the
mwgsga, to collect and fKNV! from aey tenant w kssee of said mortgagcd premius the renb, issues and profiu of fhe .eal esrate I+ereby mortgaged
and the imp?ovemen~ thereor?, and to give proper meipri and acqvittances tFxrefor, ~fter paying sll commis:ions of any renul sgem coltecrirg the same,
and any re+sonable attorneys' ~tes and other necess~ry expemes incurred in collecti~g same, to apply the proceeds o~ such co~~ect~on upon any indebred-
ness, obligstion or liability, of the mortgsgw Fxreunde?. The right granted the mortgagee unde? this paragraph shall be in addlt;on to, and shsll not I~m~t
or restr~cr, ~ny orher r7ght a righfs g.anted the mongagee in this mw~g~ge_
13. TMt in the event the premitiet hsreby mortypd, w any part therrof, ahap be condemned ~nd takcn for public use undcr the power of eminen~
dom~;n, tM Mortyaye~ ~h~ll h~ve the riyht to demand tMt ~11 damsyes awarded for the tak~ng of or damages to u~d premiaes shall be p~id ro the
+~Wnape~ vp ~o ~:.s ;;ar:~ a-~,•~ ••41 +f.. e~..tcen of the Nbrt~apee may be applied upon the p~yments I~st p~y~ble therson.
14. The mortg~gor binds himself not ta entt o? pertriif ro be erected ~ny new bu~ld~ngs on the premise~ herein mo~tg~yed or to add to or pertnit
to b~ ~dded to any of the exis~ing improvements thereon or mak~ ~ny chanyes or +Irerations in s~~d improvemenrs wh;ch materislly ch~n9e the same or the
us~ thenof, w~thout the writfen consent of the Nbripa9ce, u~d in tfie event of any violatiorc or attempt to v~olate this •tipulation this mortg~g~ and all
wms secured henby shall immsdiately become dw and tollsttible ~t the optan of the Mor~yayee.
I5. tt is ~pecific~liy aqreed that tims is of tha sstan~e af thi~ contract sr+d that no w~iver of any obGgaYron hereunde~ or of the obGgahoe~ ucured
h~r~by sh~ll ~t ~ny t~nt be hsld to be a waiver of th~ termi htreof oi of the instrument secured F~ereby.
16. tf fwcclo:urt proceedinys of any secortd monysge or second trust dced or any jun~or licn of any k~nd shovtd be instituted, the Mortgagee may,
~t it~ option, immed~ately or there~fter d~clue thif mortype and tht indebted~ess secured hereby due a~d'payable forthwith, and may ~t its optio~ proceed
ra twecbse th~s mort9ay~.
17. To the extent of tht indebtedneu of tM MoAy~yor fo the Morty~gee descr~bed here~n or xcured hereby the Mortg~gee is F.ercby wbrog~ted to
rhe Uen or Gen• and to ehe rights of the owrers and holders thereof of e~ch and every mongage Gen or other incumbr~nc~ on the land dexribed herein
wh~d+ is p~id and/or sat~~F~ed ;n whole or in psA art of the proceeds of fhe loan dew~bed here~n or xcured hereby, and the reipactive liens of said
morty~pe~, lie~a or other 7ncumbr~nces shall be and th~ same and escfi of them hereby is preserved ~nd shall pass to +nd be Aeld by the Motfgagee herein
~i ucurity for tht indebredne» fo the Mortgages F~trein dturibed w hereby secured, to the same extent that it would have been pnsened and would
h~ve been psssed to snd been held by the Mortg~gee h~d it been duly ~nd regularly ass~gned, translerred, set over and detivered unto the IAo~tgagee by
~ep~r~u deed of ~ss~gmment notwfthsund~n9 the (~ct tk~t th~ same may b+ si}~sfied ~nd uncelled of record, it being the intention of the psrties htreto
th~t th~ .~me w711 be sar~sf~ed ~nd cancellcd of record !+y the holders thereof ~t or ~bout the time of the record~ng of this mortg~ye. ~ ~
18. To pay dl and singu(sr tne cosrs, charges and expensts, ~ncrud~ng lawyer i fees, ressonably incuned or paid at ~ny time by the yts,
beciuu ~f the fa~lure cf ~he Nbrtgagor to perfcrm, comply with and sb~de by each ~nd every the st~pulafions, agreements, conditions, and t•
' Womissory nofe •nd this deed, or ei~her, and every such payments shall bear interest from date at the same rate as the morfgage notet" f~ Ll
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IN WliNFSS WHEREOF, the iaid Mwtg+gor h~reunta ieri his h~nd and seal rhif the d.y and ye~r fint ~bov~ writt~n., 1••~:! r~
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