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}ender to the Mortgagee in ~ wiii~ ~ ' ns of the note secured Hereby, full payment of the
entire indebtedriea represented•~ tb~ ,the ~~~~~,~a ee, as trustee, shall, in computing thR amount of such
indebt«lnas, credit to ills account of t e Mortgagor any credit balance remaining under the provisions of (a)
o[ said ph Z., It there shall be a default under any of the provisions of this inortga~e resulting in •
public salthe pi~miees covered hereby, or it the Mortgagee acquires the property otherwpe after default,
the Mortgbgeta, is trustee, shall apply, tt the Lune of the coininencement of such proceedings or at the time
the property is otherwise acquired, the amount then retnainiag to c~r~edit of Mortgagor under (a) of paragraph.Z
preceding as a credit on the interest accrued and unpaid and the ba?ls~nca to the principal then remaining unpatd
oa tsid noEc.
4. He wW pay aA Lases„ siresscseats, water rates, sad other ~ovetnmental or municipal oharga, ~~aae„ ae
r~im~s,
a~tbaat b•
~ ~
d~eliv~er the ~ rpt
~th~er~etor to the tbs Mortp~ee mN? P41 ~
b. 8e will permit, oomasit, or auger no waste, impairment, or deteriofatioa of said property or part thereof
esoept reasonabis wear sad tear sad to tbs event of the tailors of the M to keep the bu~diage on saki
pteonisss and those to bs enote~ oa said premises, ar im vemeats thareoa, ~n-good repair the Mortpges may
make sash repairs as is its discretion it may deem for the proper prascrvstian t6ereo~ and the full airauat
of each and every such payment shall be due sad 'thirf~y (g0) days a#te< demand, aa~ shall bs assured b7
the lien of this mortgage.
d. He will pay all and dngular the costs, sad ea~peases, including reasoarible Lwyer's fees, sad cosh
of sbstraats of title, incurred or paid at sq~r time
t~ortaagee because of the failure on the pad of the M
promptly and icy to perform the agreements and oovenaats of said promissory note sad this. mo and eatd
costs, charges, and e~cpensea shall be immediately due and payable and shall be secured by the lieu of tbu mort~e.
7. He will coatinuous~ maintain haaard i~ursnce, of such type or t~p~s and amounts as Mortgagee may
from time to time regy'~~ 9g Pmvemeats now or hsreaiter as said premises sad e~roept when payment
for all such premiums i ~b~entot re been made under ~(a) of paragraFh Z hereof ~e will pay promptly when
due any premiums thoretor. AU insurance shall be carried in companies approve by l~ic.-Lgss^~ and the poli-
cies and renewals thereof shall beheld by Mortgagee wd have attached thereto foes payable ones in favor of
and in form acceptable to the M~tgagee. In event of loss he will give immedute notice by mW to Mortgagee,
sad Mortgagee rosy make.proof o3 Toes if not made promptly by Mortgagor, and each insurance oompaR7
ooneerned is hereby_suthoriiied and directed to make payment for such foes directly to Mor~g~ instead of
to Mortgagor tad Mortgagee 'ointl ,and the insurance proceeds, or any part thereof rosy be aprp7ied by Mori
gages at its option either to ~e n~uction of the indebtedness hereby secured or to t~e restoration or repair of
the pmpertj dammed. 'In event of loreclosurs of tb~is mortgage or other transfer of title to the mortgaged
property is ezliriguishment of the indebtedness secured hereby, ail right, title, and interest of the Mortgagor
m and to ~ insurance policies then in force shall piss to the purchaser or grantee.
8. If the ppremises, or and- part thereof, be condemned under the power of eminent. douinin, or acquired for
t public use, the damages awarclecl, the proc•eecls for t1?e takingg of, or the consiclerntion for such acquisition, to
the extent of the full amount of the remaining unpaid indebtedness aerated br this mortgage, arc hereb~•
resigned to the 4~fortgagee, and his heirs or assigns, rend shall lx' paid forthwith to said Mortgagee or his
assignee to be applied on account of the last maturoiK installments of such indebtedness; prop idecl, however,
the ~Iortgaa~~ee or his asai~nee, may at his discrntion pa. direct to the Mortgagor, his heirs or assigns any part
or all of surli awanl; provided that d the loan is Kuarnnteecl or insured, the consent of the guarantor or insurer
is obtained in advance of said pa~~ment.
9. The Mortgagee may, at any time pending s suit upon this mortgage, apply to the court having jurisdiction
thereof for the appointment of a receiver, sad such court shall forthwith appoint a receiver of the premises covered
hereby all and singular, including all sad singular the income, profits, issues, and revenues from whatever source
derived, each sad every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and
described In the granting and habendum clauses hereof. $uch appointment shall be made by such court as an admitted
equity sad s matter of absolute right to said Mortgagee, and without reference to the adequacy or inadequacy of
the value of the property mortgaged or to the solvency or inaolvenay of said Mortgagor or ills defendants. $uch
rents, profits. income, issues, and revenues shall lfe applied by such receiver tcoording to the lien of this mortgage
'I sad the practice of such court. In the event of any default on the ps~t of the Mortgagor hereunder, the Mo
i agrees to pay to the Mo on demand as a reasonable montiily rental for the pnauisea an amount st~~
equivalent to one-twelft6of the aggregate of the twelve monthly installev~ents payable iq the then cun~eat
year plus the actual amount of the annual taxes; aeaeasmente, water rates, and insurance premiums for such year
not covered by the aforESaid monthly payments.
10. In the event of any bxse6 of this mortgage or default on the part of the }1[ortgngort Qr is the event that
say of said sums of money herein referred to be notpromptly ~d fully paid accordmgto the tenor her+e~, or in the
event that each sad every the stipulations, agreements. condition, and covenants of said note sad this mortgage,
are not duly, P~PVy~ sad fully performed; then in either or any each event, the said aggregate sum mentioned
in said note then tennainin6 unpaid, with interest accrued to that time, and all moaeyro 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 some of money wen originally stipulated to be paid on such day, anything in said note or in this mortgage to
the contrary notwithstanding; sad thereupon or thereafter, at the option of said Mortgagee, without notice or
demand, suit at law or in equity, may be praaecuted ae J all moneys second hereby had matured prior to its institu-
tion. The Mortgagee may foreclose thin mortgage, as to the amount eo declared due and payable, and the said
premises shall be sold to satisfy and pay the acme together with costs, expenses, and albwanoea. In case ~ partial .
foreclosure of thin mortgage, the mortgaged premises shall. be sakl subject .W the continuing lien of this mortgage
for the amount of the debt not then due.and unpaid. In ouch case the pmviaioce 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 secured-hereby shall at any time thereafter be held
to be a waiver of the terms hereof or of the note secured herby. - . ~ .
12. The lien of this instrument shall remain in full force and effect during any postponement or exteaaion of
the time o! payment ~ the indebtedness or any part thereof secured herby.
1:3. U the Mortgagor default in say of the covenants or agreements contained herein, or in acid note, then the
Mortgagee rosy perform the name, and all expenditures (including reaaonsble attorney's fees) made by the Mortgagee
in so doing shall drew interest tt the rate provided for in the principal indebtedness, and shall be repayable
thirty (30) days suer demand, and, together with interest and costa 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 for the sum or soma advanced oy the titortgagee for the alteration, moderniution, improvement, main-
tenance, or tepair of said premises, for taxes or asgeffiments against the same and for any other purpose author-
ized hereunder. Said note or. notes shall be secured hereby oa s parity with and as fully as i( the advance
evidenced thereby wets included in the note &rat described above. Said supplemental note or notes shall bear
interest at the rate provided for in the principal indebtedness and shstl be syable in approximately equal
monthly payments for such period sa rosy be agreed upon by the crFdicor and debtor. Failing to agree on the
maturity, the whole of the sum or sums $o advanced shall be due and payable thirty (30) days attar demand
by the creditor. In no event shall the maturity extend beyond .the ultimate raatwity of the riots first
described shore.
B(mK P~E~~