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4. To permit, commit or aufter no waste, impairment or deterioration of said property or any part therioL -
S. To pay all and sit~ular tha costs„ chacses and expenses. iucludit>d reasonable 4wyer's fees and cwt of abstracts of -
Ntle, incurred or paid at arty time bar Bald Mortgagee beause and/or !n the event .of the failure on tht part of ehe said
Mortgagor to duly, promptly and fully perform, discharge, trcecute. efTect, complete. comply with and abide by each and
every the stipulations„ agrcemtaa, conditions and covetunq of said promissory note, and this mortgage, any or Nthrr, sttd
said costs, charga and expeases, each and every, tbal! be immediatel~r due and payable, whethtr or trot there be notice, do-
maad, attempt to coUert or suit pendia~ and the full amount of taco stw ~~cy such payment sh:l1 bear intercat From the
date thereof until paid at the rate of ten per centtua per annum; and all aid cwts, charges and expenses ao incurred or paid,
together with such interest, shall be secured by the lien of thb mortgage.
6. That (a) in the event of any breach of this mort~e or default on the part of the Mortgagor. or f b) inthe •nt any of said
sums of mosey herein refemd to be not promptly and fully paid within ten days neat after the same severally become due and
payable, ~rithout demand or notice, or (c) in the event each and every the aNpulstion, agreements. conditions sod covenants ofsaid
pwmtssory note sad thb 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 aid promissory
note then remaining unpaid, with intercat accrued and all moneys secured hereby, shall become due and payable forthwith, or
- thereafter, at the option of said Mortgagee, as fully and completely sa if all of the asfd sums of money were originally stipu4ted to be
paid on such day, anything in said promissory note,:nd/ot in this mortgagt to the contrary notwithstanding; and thereupon or
thereafter at the option of said Mortgagee. without notice or demand. suit st lair of in equity, theretofore, or thereafter begun,
may be prosecuted as ii all moneys secured hereby had matured prior to ib institution.
7. 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 paymeat of any claims hereunder. said Mortgagee shall apply to the court having jurisdiction
thereof for the appointment of a Receiver, such court shall forthwith appoint s Receiver of said mortgaged ioperty all and
singular, including ati and singular the rents, income, profits, issues and revenues from whatever source dtrive~ each and every
of which, it being expressly understood. is hereby mortgaged ss if specifically set forth and described in the granting and
habeadum cl[uses hereof, and such Receiver altall have all the broad and effective functions and powers in anywise entrusted by a
court to a Receiver, and such appointment shall be tnadt by such court as an admitted equity and a matter of absolute tight to said
Mortgagee, and without rtference to the adequacy or inadequacy of thi? value of the property mortgaged or to the solvency or
insolvency of said Mortgagor and/or of the defendants, and that suth rents, profits, income, issues and revenues shall be applied by
such Receiver according to the lien and/or equity of said Mortgagee and the practice of such court.
8. In the event the jurisdiction of the U.S. District Court shall be invoked by or against the Mortgagor under any of
the provisions of the Federal Bankruptcy Act, such action, whither voluntary or Involuntary on the part o[ the Mortgagor,
shall automatically, without notict, accelerate the maturity of alt sutras of money herein described and secured and tht same
shall thereupon become due and payable forthwith as fully as iF the acid aggregate sums of money were originally stipulated
to be putid on such data.
9. To deriver to said Mortgagee on or before March 1 S th of each year, tax receipts evidencing the payment of a111awfully
Imposed taxes for the preceding txlendar year, and to deliver to said Mortgagee, receipts evidencing the payment of all liens
for public improvements within ninety (90) days after the same ai,sll become due and payable, and to pay or discharge within
ninety (90) days after due date. any and all governmental Itvies that may be made on the mortgaged property. on this Mortgage
or Notc, or in any other way resulting from the Mortgagr indebtedness secured by this Mortgage: and if this condition be not
complied with and performed, said Mortgagee may pay suchsum or sums which shall become part of the debt secured by this Morc-
compliedwith and performed, said Mortgagee may pay such sum or sums which shall become part of the debt secured by this Morc-
,gageand shall bear interest at the dtfault rate provided in said Promissory Note payable monthly until paid orsaid Mortgagee may
elect that said Mortgage debt thereupon become due and payable forthwith
10. If all of any part of the properq or an intercat therein is sold or Transferred by Mortgagagor without Mortgagee s
prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage, (b) the Creation of a
purchase money securiq interest for houaehokl appliances, (c) a transfer by devise or descen4 or by operation of law upon the
death of a joint tenant, or (d) the grant of any leasehold interest of three years or less not containing an option to purchase, Mortga-
gee tmy, at its option. declare all the sums secured by this Mortgage to be immedLtely due and payable, Mortgagee shall have
waived such option to accelerate if, Prior to the sale or transfer, Mortgagee and the person to whom the property is to be sold
or transferred reach agreement in writing that the credit of such person is satiafictory to Mortgagee and that the interest payable on
the sums secured by this mortgage shall be at such rate as Mortgagee shall request.
11. That in the event the premises hereby mortgaged, or any part thereof, shall bt condemned and taken for public use
under the power of eminent domain, the Mortgagee shall have the right to demand that all damages awarded for the taking of or
damages to said premises shall be paid to the Mortgagee up to the amount then unpaid on this Mortgage and at the option of the
Mortgagee may be applied upon the payments last payable thereon
12. The Mortgagor binds himself not to erect or permit to be erected any new buildings on the premises herein mortgaged
or to add to or permit to be added to any of the existing improvements thereon or make any changes or alterations in said
improvements which materially change the same or the use thereof, without thewritten consent of the Mortgagee, and in the event
of any violation or attempt to violate this stipulation, this Mortgage and all sums secured hereby shall immediately become due and
collectible at the option of the Mortgagee.
13. it is specifically agreed that timt is of the essence of this Mortgage and that no waiver of any obligation hereunder or of
the obligation secured hereby shall at any time be held to be a waiver of the terms hereof or of the irutrument secured herebv.
14. If foreclosure proceedings of any second mortgage or second trust deed or any junior lien ofany kind should be insrituted
the Mortgagee may, at its option, immediately or thereafter declare this Mortgage and the indebtedness secured hereby due and
payable forthwith, and may at its option proceed to foreclose this mortgage.
13. To the extent of the indebtedness of the Mortgagor tv the Mortgagee described herein or secured htc~by the MortK.KCe
is hereby subrogated to the lien or liens and to the rights of the ownen and holders thereof of each and every mortgage lien or ocher
encumbrance on the land described herein which is paid and/or satisfied in whole or in part out of the proceeds of the two des-
cribed herein or secured hereby and the respective liens of said Mortgages, liens or other encumbrances shall be and the same and
each ofthem hereby is preserved and shall pass co and be heW by the Mortgagee herein as security for the indebtedness to the
Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have been passed
to and been held by the Mortgagee had it been duly and regularly assigned transferred, set over and delivered unto the itortRagee
by separate deed of assignment notwithstanding the fact that the samt may be satisfied and cancelled of record, it being the
intention of the parties hereto that the same will be satisfied and cancelled of record by thr holders thereof at or about the
time of the recording of this Mortgage.
. Bo~t~1V t~sE~~