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termer to the Mortgagee is accordance with the p~rovi}yions o[ the note secured hereby, full payment of the
entiro indebtedness represented theri+byy, the Mort~a~ss, as trustee, shall, in computing the amount of such
indebtedness, credit to file account of tho Mortgagor any credit balance remaining under file provisions of (s)
of said ph Z. It there shall be a default under any o[ the provisions of this inortga~e resulting in a
public salthe premises covered hereby, or if the Mortgagee acquires the property otherwise after default,
the Mortgagee, as trustee, ahaA apply, at the time of the commencement of such proceeduigs or at the time
the property is otherwise acquired, the amount then reruainiag to credit of Mortgagor under (a) of paragraph 2
preceding as a credit on the interest accrued and unpaid and tl~e balance to the prurcipal then remaining unpud
on said note.
4. He wID pay ap lases, aaeeseeaenbs, water rates„ and other governmental oe municipal charges, Sna, ae
imposit3oos, for which provision has rat bees made heteinbetors, and in default tliereoi the Mortgages m*y pyr the
slime; and that he will prompts deliver the o6cial reodpls t6erefoe to the Mortg~agea
b. Hs will permit, commit, or suffer no waste, impairment. or det~ioratioa of said pa~operty or an part thereof
eaoept reasonable wear and terir; and in the event of the failure of the Mortgagor to keep the buildings oa eai~
premises and those to be erected oa said presnieee, or improvements tbereon, in good repair the Mortgagee may
make each repairs as in its diatxetron it may dean aeoessary for the proper prescrvatioa thereo~, and the full amount
of eacb and every such payment shall be due sad ps~yabls thirgr (30) days after demand, and shall bs eeaured by
the lip of this mortgage.
6~. He will pay all and singular the costa, charges, and expenses, including raisonribk lawyer's fees, sad costs
of abstracts of title, incurred or paid at say time by the Mortgagee because of the iWure as the part of the Mortgagor
P~PUY and fu1~? to perform the agreements and oovenaats of said promissory note and this.mortgage, andd acid
costa, charges, sad expenses shall be immediately due sad payable: and shall be secured by the lien of tLis mortgage.
He will oontinuous>, maintain hazard insurance, of such type or types and smouats as Mortgagee may
from time to time require, on the improvements now or hereafter on said premises and except when payment
for all such premiums has theretofore been made under (a of paragraph 2 hereof ~e will pay promptly whoa
due any. premiums therefor. AIl insurance shall be caszied is companies approve by Itiortgoagee and the poli-
ciee and renewals thereof shall beheld by Mortgagee and have attached thereto kiss payable uses in favor of
and in form acceptable to the Mo ~g~gee. In event of loss he will give immediate notice by mW to Mortgagee,
and Mortgagee may make proof~~f Ioss if not made promptly by Mortgagor, and each insurance company
concerned is hereb authorized and directed to make payment for such kiss directly to Mortgagee instead of
to Mortgagor and Mortgagee 'ointly, and the insurance proceeds, or any part thereof, may be ap-
p7iedby Mori
gages at its option either to ~e reduction of the indebtedness hereby secured or to the restoration or repair of
the property dammed. In event of foreclosure of this mortgage, or other transfer of title to the mortgaged
property in extinguishment of the indebtedness secured hereby, aD right, title, sad interest of the Mortgagor
ra sad to any insurance policies then in force shall p~?ss to the purchaser or grantee.
8. If the premises, or ant part thereof, be condemned under the power of eminent domain, or acquired for
a public use, tl?e daiiiages awarded, file pra•eccls for the taking of, or the consideration for such acquisition, to
the eztent of the full amount of the remaining unpaid indebtedness serured b~• this mortgage, arr. hereb~•
assigned to the ,Mortgagee, and his heirs or assigns, and shall tx~ paid forthwith to said Mortgagee or his
assignee to be applied on acrowit of the last waturing installments of such indebtedness; provided, 1?owever,
the Mortgagee or his assignee, may at his discrntion pad dircc•t to the Mortgagor, his Heirs or assigns any part
or all of such award; provided, that if the loan is guarariteecl or insured, the consent of file guarantor or insurer
is obtained in advance of said payment.
9. The Mortgagee may, at any time pending a suit upon this mortgage, apply to the court having jurisdiction
thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver of the premises covered
hereby all aDd singular, including all and singular the income, profits, issues, and revenues from whatever source
derived, each and every of which, it being expressly understood, is hereby mortgaged a8 if specifically set forth and
described in the granting and habendum clauses hereof. Such appointment shall be made by such court ae as admitted
equity and a matter of absolute right to said Mortgagee, and without reference to the adequacy or inadequacy of
~ the value of the property mortgaged os to the solvency or insolvency of said Mortgagor or the defendants. Such
teats, profits, income, issues, and reveauea shall lie applied by such receiver according to the lien of this mortgage
E and the practice of such court. In the event of any default on the part of the Mortgagor hereunder, the Mortgagor
r agrees to pay to the Mortgagee on demand as a reasonable monthly rental for the premises an amount at lwat
~ equivalent to one-twelith of the aggregate of the twelve monthly installments payable in the they current
year plus the actual amount of the annual taxes, assessments, water rates, sad insurance premiums for such year
not covered by the aforesaid monthly payments.
10. In the event of any beach of this mo or default on the of the M r or is the event that
any of said soma of money herein referred to be~not
promptly and fully p
id aceordu~gorto
tube tenor hereof, or in the
event that each and every the atipulationa, agreements, conditions, and covenants of said note and this mortgage,
are not duly, promptly, and fully performed; then in either or any such event, the said aggregate sum mentioned
in said note then remaining unpaid, with interest accrued to that time, and. all moneys secured hereby, shall become
due and payable forthwith, or thereafter, at the option of said Mortgagee, as fully and completely as if all of the
said sums of money were originally stipulated to be paid on such day, anything in said note or in this mortgage to
the contrary notwithstanding; and thereupon or thereafter, st the option of said Mortgagee, without notice or
demand, suit at law or in equity, may be prosecuted as if all moneys secured hereby had matured prior to its institu-
tion. The Mortgagee may foreclose this mortgage, sa to the amount so declared due and payable, and the said
premises shall be sold to satisfy and pay the same together with costa, expenses, and allowances. In case of partial
foreclosure of this mortgage, the mortgaged premises shall be sold subject to the continuing lien of thin mortgage
for the amount of the debt not then due and unpaid. In such case the provisions of this paragraph may again be
availed of thereafter from time to time by the Mortgagee. .
11. No waiver of any covenant herein or of the obligation scoured hereby shall st any time thereafter be held
to be a waiver of the terms hereof or of the note secured hereby.
12. The lien of this inbtrument shall remain in full force and effect during any postponement or a:tension of
the time of payment of the indebtedness or say part thereof aeciired hereby.
13. If the Mortgagor default in say of the ooveaants or agrcements contained herein, or in acid note, then the
Mortgagee may aerform the same, and all expenditures (including reasonable attorney's fees) made by the Mortgagee
in so doing shall draw interest at the rate provided [or in the principal indebtedness, and shall be repayable
thirty (30) days after demand, and, together with interest and costs accrued thereon, shall be secured by ~
this mortgage. ;
14. Upon the request of the Mortgagee the Mortgagor shall execute and deliver a supplemental note or
notes !or the sum or sums advanced by the Mortgagee for the alteration, modernization, improvement, main-
tenance, or repair of said premises, for taxes or assessments against the same and for any other purpose author- S
ized hereunder. Said note or notes shall be secured hereby on a parity with and as fully as if the advance
evidenced thereby were included in the note first described above. Said supplemental note or notes shall bear
interest at the rate provided for in the principal indebtedness4 and shall be ayable in proximately equal
monthly pa menu for such period as may be agreed upon by the creditor and debtor. Fa~ing to agree on the
maturity, the whole of the sum or sums so advanced shall be due and payable thirty (30) days after demand
by the creditor. In no event shall the maturity extend beyond the ultimate maturity of the note &rst
described above.
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