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ANO tM said Mortgagor hereby covenants and agrees with the said Mortgagee as folbws:
FIRST: That the Mortgagor is lawfully seised of the oboe described premises in fee simple and has good right b sill and
convey the some b the Mortgagee= that the sold premises ore free and discharged of and from oN texts, tax tiNes or ctrtificates,.
judgments, mechanic's liens and encumbrances of any nature or kind whatsoeve? and that the Mortgagor will fully warrant and
defend the same to the Mortgagee, against the lawful claims and demands of all persons whomsoever, and will make such furlhK
assurances to perfect fee simple title b sold lord, in the Mortgagee, os may reasonable be required, and will pay tM several .
sums of money agreed in the said Hate to be paid and all installments of principal and interest thereon Promptly when due, and
according to the true tenor and effect of the avid rate. '
SECOND: That the Mortgagor will pay all and singular the taxes, assessments, levies, and encumbrances of every nohrre
on the above described property, and upon this mortgage and note, or the money secured thereby, before delinquency thereat
and receipts evidencing payment of sold foxes, assessments, levies and encumbro:~tes shall be deposited with the Mortgagee on or
before March 1st of each succeeding year during the term of this mortgage; and if some be not promptly paid when due, Mre
Mortgagee may wwthhout obligation b do so) pay the same, or become purchaser,oF any lawful evidence thereof, or certificate
therefor, without waiving of pffetting any right hereunder and in this mortgage, or Me sold pore whi this mortgage sewresj o
such payments or expenditures so made shall bear interest from the dote thereof of the rote of
per onrwm. percent
THIRD: That the-Mortgagor-will keep oN-real-and personot property-now or hereafter entumbered by the fien of this - -
mortgage inwred as may be required from time to time by the Mortgagee against bas by fire, windstorm and other trot:ords,
cowalties and contingencies for such periods and for rat less than such amounts as may be required by the Mortgagee and b pay
prompty when due all premiums for such inwrance.. The amounts of such insurance required by the Mortgagee are expressrvt of . .
only the minimum amounts for which said insurance shall be written and it shall be incumbent upon the Mortgagor b maintain sudt
odditionol irouronce os may be necessary to meet and comply fully with all co-inwrance requirements contained in said polities to
the end That sold Mortgagor is not a to•insuror fhereur?der, krwrance shall be written by o company ar tompanies approved by the
Mortgagee and all policies and renewals thereof shah bs held by the Mortgagee. All detailed designolions by the Mortgagor
which are accepted by the Mortgagee and aN agreements between Mortgagor and Mortgagee relaturg to inwrance, raw existing
or hereafter made, shall be in writing and shoN be a port of this mortgage. agreement as fully as though set forth verboYwn herein
and shall govern both parties hereb and their waessars and assigns. No lien upon nny of said policies of irrswance or upon arty
refund or reNnr premium which may be payable on the cancellation or termination thereof, shall be given b other than the Mort-
gagee, except by proper endonemenf affixed to such policy and approved by Mortgagee. Poch policy of inwrance shay hove
ofPixed thereto o Standard Mortgagee Clause aaeptoble to the Mortgagee, making all bas or bases under such pdicy payable
to the Mortgagee as its interest may appear. M the event any sum or sums of money become payable thereunder the Mortgagee
shall have the option b receive and apply the same on oaount of the indebtedness hereby secured, or b permit the Mortgagor b
receive and use it, or any port thereof, without thereby waiving or impairing any equity, lien or right under and by virtue of t-fr'rs
mortgage. M event of bas ar physical damage to the mortgaged property the Mortgagor shall give immediate notice Hsereof by
mail to the Mortgagee and the Mortgagee may make proof of bas if the some is not made promptly by the Mortgagor. b event
of foretbwre of this mortgage or other transfer of tithe to the mortgaged property in extinguishment of the indebtedness secwed
hereby, all right, title and interest of the Mortgagor in and to any inwrance polities then in force shall pass to the purdwser a
grantee. Upon any default thereof, the Mortgagee may (but without obligation on its part so to do) place inwrance on such
buildings and pay the premium and charge such sums so paid to the Mortgagar and such sums of money s<• paid shall beer interest
from the dote of payment at the rate of eleven Sone-half(ll~i) per anrwm.
percen
FOURTH: That all wms of money paid or caused to be paid by the.Mortgagee under the terms of this martgoge orrd herein
specifically. provided_ for, and including. Qny expenses incurred by )fie Mortgogee_in collection of the sum secured by this mortgage,
shot) be covered by the lien of this mortgage, the same os the sums of money represented by the note which this mortgage sewres.
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HFTH: To permit, commit or suffer ra waste, impairment or deterioration of said property, or any part thereof, and upon
the failure of the Mortgagor b keep the buildings on sold property in good condition of repair, the Mortgagee may demand the
immediate repair of said buildings, or an increase in the amount of security, or the immediate repayment of the debt hereby
secured, and the failure of the Mortgagor to comply with sold demand of the Mortgagee for a period of fifteen (IS) days shah
constitute a breach of this mortgage, and, at the option of the Mortgagee, anmediately mature the entire unpaid principal and
interest hereby secured, and the Mortgagee may, without notice, institute proceedings to foreclose this mortgage, and apply for
the appointment of a receiver, as hereinafter provided.
SIXTH: That the Mortgagor hereby promises, covenants and agrees fo pay the sums of money and interest as mentioned
in sold promissory note, together with any and all other sums jusNy due and owing the Mortgagee by the terms therein, and secured
to be paid os stated therein promptly when due. If defauh steal: be made in the payment of the said sums of money or any part
thereof as provided in the said note or this mortgage, or if the interest that may become due thereon or any part thereof shoN be
in default and unpaid for a space of fifteen (15) days, or should the Mortgagor breach or fail to comply with any other covenant
or agreement on the part of the Mortgagor b be complied with (in those cases in whidr the option of the Mortgagee of occelera-
tion is not otherwise expressly provided herein) and such breach or non-compliance continue in existence for o space of fifteen CIS)
days, then and from thenceforth, at the option of the Mortgagee and without notice to the Mortgagor, the while of sold principal
sum expressed in said note, together with all other sums therein os well as herein provided for, shall become immediately due and
payable, without ratite to the said Mortgagor.
SEVENTH: That in case it should become necessary to place this mortgage and the note secured hereby or either of them, _
in the hands of an attorney for collection, the said Mortgagor covenants and agrees with the Mortgagee to pay all costs, charges
and expenses of sudr collection, including reasonable attorney's fees whether collected by forecbwre or otherwise.
EIGHTH: That, in the event any suit is brought upon this mortgage, whether to foreclose it, to reform it, or otherwise, ~
and; or to enforce payment of any daim hereunder, the Mortgagee may apply to any court hoeing jurisdiction thereof for the
appointment of o receiver of said mortgaged property, os well os the income, profits, issues and revenues thereof, and the said
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