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which Hole provides for payment of interest, but whi/•h illterr~t is nut evidt•nct•d Ly intrn•~t coupons or in-
terest coupon notes. it being uudrr~tuod that wherever caupuns, interest coupons, or Interest cuuoun notes.
arc referred to in this prcacllt mortgage, the interest mentioned in said note is intcndtd; and ihall duly,
promptly and fully perform, discharge, execute, efttrt, colnfllt•le, comply with and abide by each and every
the stipulations, agreements, conditions and covenants of aaid promicsol•y notes and of the interest rotlpuns re•
tcrrcd to therein and of this mortgage, then this mortgage and the estate hrrcby created shall tease and be null
and void.
It is understood filet each of the words, note. mortgagor and mortgagee respectively, whether in the
singular or plural anywlicre in this martgagc, shall be singular it one only and shall be plural jointly and
severally if more than one, and that the word their as used anywhere in this mortgage shall be taken to
rncan his. her or its. wherever the context so implies or admits.
And said 1?lortgagors, far tllemse)ves and their heirs. legal representatives. successors and assigns. hereby
jointly and severally roveltant and agree to and with said itlortgasees, their legal representatives. successors
sad assigns:
1. To pay all and singular the principal and interest and the various and sundry sums of money pay-
able by virtue of said promissory notes. interest coupon notes and this mortgage, each and every, promptly
on the days respectively the same severally become due.
2. To pay all and singular the taxes, assess.-nents, levies, liabilities, obligations and incumbrances of every
nature and kind now on said described property and/or that hereafter may be imposed, suffered, placed, levied
or assessed thereupon, and/or that hereafter rr~ay be levied or assessed upon this mortgage and/or the in-
debtedness secured thereby, each and every, when due and payable according to law, before they become delin-
quent, and before any interest attaches or any penalty is incurred; and in so far as any thereof is bf record
the same shall be promptly satisfied and discharged of record and the original official document (such as, for
instance. the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the bands
of said tllorlsagees within ten days next after payment; and in the event that any thereof is not so paid, satis-
fied and discharged. said ltorlgagees may at any time pay the same or any part thereof without V?Alving or
affecting any option, lien, equity or right under or by virtue of this mortgage. and the full amount of each and
rvery such payment shall be immediately due and payable and shall bear interest from the date thereof until
paid at the rate of eight per centum per annum and together with such interest shall be secured by the lien
of this mortgage.
3. To place and continuously keep on the buildings now or hereafter situate on said land haz-
ard insurance as required by Aortgagees in the usual standard policy form. in a sum nut less than
full insurable value
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in such coml/any' or companies as may be approved by said Iltortgagees; and all such insurance
policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or
in excess thereof. shall contain the usual standard mortgagee clause making the loss under said policies. each
and every, payable to said I1lortgagees as their interest may appear, and each and every such policy shall
i~vered-to-and -held-by-said-Atortga;oes' w-ten-days-i
of each policy, to deliver to said Mortgagees a renewal thereof, together with a receipt for the premium of
such renewal; and there shall be no such insurance placed on any of said buildings, any interest therein or part
thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum of money becomes
payable under such policy or policies said Mortgagees shall have the option to receive and apply the same on
account of the indebtedness secured hereby or to permit said Mortgagors to receive and use it or any part
thereof for other purposes without thereby waiving or impairing any equity. lien or right under or by virtue
of this mortgage; and in the event said Mortgagors snap for any reason fail- to keep the said premises so
insured, or fail to deliver promptly any of said policies of insurance to said Aortgagees, or fail promptly to
pay fully any premium therefor. or in any respect fail to perform. discharge, execute, effect, complete. comply
with and abide by this covenant, or any part hereof, said I1lortgagees may place and pay for such insurance
or any part thereof without waiving or affecting any option, lien. equity or right under or by virtue of this
mortgage. and the full amount of each and every such payment shall be immediately due and payable and
shall bear interest from the date thereof until paid at the rate of eight per centum per annum and together
with such interest shall be secured by the lien of this mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
5. To pay all and singular the costs, charges and expenses, including reasonable ]awyer's fees and cost of
at streets of title, incurred or paid at any time by said ltIortgagees because and/or in ti:e event of the failure
on the part of the said Mortgagors to duly, promptly and fully perform. discharge, execute, effect, complete,
comply Kith and abide by each and every the stipulations, agreements, conditions and covenants of said
promissory notes. interest coupon notes and this mortgage, any or either, and said costs, charges and expenses,
each and every, shall be immediately due and payable. v?•hether or not there be notice, demand, attempt to
collect or suit pending; and the full amount of each and every such payment shall bear interest from the date
thereof until paid at the rate of eight per centum per annum; and all said costs, charges and expenses so
incurred or paid, together with such interest. shall be secured by the lien of this mortgage.
6. That (a) in the event of any breach of this mortgage or default on the part of the Afort6agors, or (b)
in the event any of said sums of money herein referred to be not promptly and fully paid within ten days next
after the same severally become due and payable, without demand or notice, or (c) in the event each and
every the stipulations, agreements, conditions and co~•enants of said promissory notes and said interest cou-
pons and this mortgage, any or either, are not duly, promptly and fully performed, discharged, executed.
effected, completed, complied with and abided by; then, in either or any such event, the said aggregate sum
mentioned in said promissory notes then remaining unpaid. with interest accrued, and all moneys secured
hereby, shall become due and payable forthwith, or thereafter, at the option of said ~Iorigagces, as fully
and completely as if all of the said sums of money were originally stipulated to be paid on such day, any-
thing in said promissory notes. interest coupons and/or in this mortgage to the contrary notwithstanding; and
thereupon or thereafter at the option of said dforlgagees, without notice or demand. suit at law or in equity.
theretofore. or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to
its institution
That in the event that at the beginning of or at any time pending any suit upon this mortgage, or to
foreclose it, or to reform it. and/or to enforce payment of any claims hereunder, said Mortgagees shall apply
to the court having jurisdiction thereof for the appointment of a Receiver. such court shall forthwith appoint
a Receiver of said mortgaged property all and singular. including all and singular the rents, income, profits,
i issues and revenues from whatever source derived, each and every of which, it being expressly understood,
~ is hereby mortgaged as it specifically set forth and described in the granting and habendum clauses hereof,
1 and such Receiver shall have all the broad and' effective functions and powers in any veise entrusted by a
* court to a Receiver, and such appointment shall be made by such court as an admitted equity and a matter
i of absolute right to said ~Tortgagees, and without reference to the adequacy or inadequacy of the value of
the property mortgaged or to the solvency or insolvency of said Mortgagors and/or of the defendants, and
that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien
and/or equity of said 1?tortgagees and the practice of such court.
8. To duly, promptly and fully perform, discharge. execute, effect, complete, comply with and abide
by each and every the stipulations, agreements, conditions and covenants in said promissory notes and said
interest coupon notes and in this mortgage set forth.
ao~K315 P~GE1`787