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AND IM said Mortgagor hereby covenants and agrees with fM said Morlgogee as follows:
f;IRST: That tM Mortgagor rs lawfully seised o1 the above described premises in fee simplt and has good right to sell and
eorn?ey Nte some to Me Mortgagee; that the sold premises are Ire! and discharged of and from all coxes, Loa titles a certifkoles,
jvdprrtents, mechanic s liem and encumbrances of any nature or kind whatsoever and that the Mortgagor will fully warrant and
defend Nte some to the Morlgogee, against Me lawful claims and demands of all persons whomsoever, and will make tardt furMtr
osswontes M perfect lee simple title to sold land, in the Mortgagee, as may reasonable be required, and will goy Ilse several
sums of money agreed in Me said note to be paid and all installments of principal and interest thereon promptly when due, and
according ro the true tenor and effect of Me sold note.
. SECOND: That Mt Mortgagor will goy all and singular the foxes, assessments, levies, and encumbrances of every nature
on M! above described property, and upon this mortgage and note, or the money secured thereby, before delinquency thereof
and receipts evidencing payment of sold Loxes, assessments, levies and encumbrances shall be deposited with the Morlgogee on or
before March Ist of each succeeding year during Me term of Mis mortgage; and if some be not promptly pond when due, the
Morlgogee may (without obligation to do so) goy the same, or become purchaser ,of any lawful evidence thereof, or certificate
Nserefor, without waiving or affecting any right hereunder and in this mortgage, Or the sold rate wh~eh This mortgage secures; and
such payments or expenditures so mode shall bear interest from the date thereof of the rote of -
per annum,
THIRD: That the Mortgagor will keep all real and personal property raw or hereafter encumbered by the lien of His
mortgage insured os may b! required from time to time by the Morlgogee against bss by fire, windstorm and other ho=ards,
cowollias and contingencies for such periods and for rat less Man such amounts os may be required by the Morlgogee and to goy
promptly when due all premiums for such insurance. The amounts of such insurance required by the Mortgagee are expressive of
only the mirwmum amounts for which said insurance shall be written and it shall be incumbent upon the Mortgagor to maintain such
odditioral insurance os may be necessary to meet and comply fully wits all to-insurance requirements contained in said pdicies 10
N?e end Mot said Mortgagor is not o co-insvror thereunder. Insurance shall be written by o company o? companies approved by Ilte
Mortgagee and all policies and renewals Hereof shall be held by Me Mortgagee. All detailed designations by the Mortgagor
which are accepted by Me Morlgogee and all agreements between Mortgagor and Morlgogee relating to insurance, now existing
a hereafter made, shall be in writing and shall be a port of this mortgage agreement as fully os ttaugh see forts verbatim herein
and shall govern hots parties hereto and Heir successors and ossigru. No lien upon any of sard policies of inwronce or upon any
refund or return premium which may be payable on He cancellation or termination Hereof, shall be given to other Mon the Mort-
gogee, except by proper endorsement affixed to such policy and approved by Mortgagee. >:ach policy of inwrance shall hove
affixed thereto a Standard Morlgogee Clause acceptable to the Mortgagee, making all bss ur losses under such pdKy payable
to the Mortgagee as its in/!rest may appear. (n He event any wm or wms of money become payable thereunder the Morlgogee
shall hove Me option to receive and apply He same on oaount of the indebtedness hereby secured, ar to permit He Mortgagor b
receive and use it, or any port Hereof, without thereby waiving or impairing any equity, lien or right under and by virtue of this
mortgage. b event of bss or physical damage to the mortgaged property the Mortgagor shall grve immediate notice thereof by
moil to the Mortgagee and Me Morlgogee may make proof of loss if the same is not mode promptly by the Mortgagor. ti eved
of forecbwre of Mis mortgage or other transfer of title to the mortgaged property in extrnguishmenf of the indebtedness wowed
hereby, all right, title and interest of the Mortgagor in and to any insurance policies Hen in force shall pass to the purdwser w
grantee. Upon any defouh Hereof, Me Morlgogee may (but without obligation on its part so to do) place insurance on such .
buildings and goy the premium and charge such wms so paid to the Mortgagor and such sums of money s<~ paid shall bear interest
from the dove of payment of Me rote of eleven and one-half(11 )per annum.
percent
I' FOURTH: That all sums of money paid or caused to be paid by the Morlgogee under the terms of His mc,. tgage and herein
specifically provided for, and including any expenses incurred by the Mortgagee in collection of the sum secured by this mortgage,
shall be covered by Me lien of this mortgage, the same os He sums of money represented by the note which this mortgage secures.
f HfTH: To permit, commit or suffer no waste, impairment or deleriorotion of sold property, or any part thereof, and upon
the failure of He Mortgagor to keep He buildings on said property in good condition of repair, the Morlgogee may demand the
immediate repair of said buildings, or an increase in the amount of security, or the immed~ote repayment of the debt hereby
secured, and the failure of Me Mortgagor to comply with said demand of the Morlgogee for a period of fifteen (15) dogs shall
constitute a breach of Mis mortgage, and, of the option of the Morlgogee, immediately mature the entire unpaid principal and
interest hereby secured, and Me Morlgogee may, without notice, institute proceedings to foreclose this mortgage, and apply for
Me appointment of o receiver, os hereinafter provided.
SIXTH: That the Mortgagor hereby promises, covenants and agrees to goy the sums of money and interest os mentioned
in sold promissory note, togethe? with any and all other sums justly due and owing the Morlgogee by the terms therein, and secured
to be paid os stated Herein promptly when due. If default shoe: be mode in the payment of the said sums of money or any Port
thereof os provided in He said note or His mortgage, or if the interest that may become due thereon or any part Hereof shall be
in deloult and unpaid for o space of fifteen (IS) days, or should the Mortgagor breod+ or Foit to comply with any other covenant a
or agreement on the part of the Mortgagor to be complied wits (in those cases in which the option of the Mortgagee of acceltrra-
tion is not otherwise expressly provided herein) and such breach or non-compliance continue in existence for o space of fifteen (IS)
dogs, then and from Henceforth, of the option of the Morlgogee and without notice to the Mortgagor, the whole of sod principal
sum expressed in sold note, together with all other sums therein os well as herein provided for, shall become immediately due and
payable, without notice to He said Mortgagor.
SEVENTH: That in tole it should become necessary to plot! this mortgage and the note secured hereby or either of them,
in He hands of on attorney for collection, the said Mortgagor covenants and agrees with the Morlgogee to goy all cosh, chprges
and expenses of such collection, including reasonable attorney's fees whether collected by foreclosure or otherwise.
EIGHTH: Thal, in the event any suit is brought upon this mortgage, whether to foreclose .t, to reform it, or otherwise,
and or to enforce payment of any claim hereunder, the M~r?gogee may apply ro any court having jurisdiction thereof for the
appointment of a receiver of said mortgaged property, os well os the income, profits, issues and revenues thereof, and the said
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