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AND the :aid Mortgages Mreby covenants and ogrees with the said Mortgagee os fdbws: ~
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FIRST: That the Mortgagor is lawfully seised of the abc+ve described premises in fee simple and has good right ro sell and `
convey the same ro tM Mortpapee~ that tM said premises are free and discharged of and from all foxes, tax titles or certificates,
judgments, mechonk's liens and envembronces of any nature or kind whatsoever d that Me Mortgagor will fully warrant ark
defend the same ro the Mortgagee, apairot tM lawful daims and demands of otl persons whomsoever, and will make :tidt furtMr
aswrares ro perfect fee simple title ro veld lord, in the Mortgagee, as may reasonable be required, and will pay the several
wms of money agreed in the said note ro be paid and all installment of principal and interest thereon promptly when due, and
acoordin9 ro the true tens and effad of tM veld note.
SKOND: That the Mortgagor will pay all and singular the taxes, assessments, levies, and envembronces of every nature
on the above desa~ibed property, and upon this mortgage and note, or the money secured thereby, before delinquency thereof
and receipt evidenang payment of said taxes. assessments, levies and encumbrances shall be deposited with the Mortgagee on or
before March 1st of each wcceedinp year during the term of this mortgage] and if some be not promptly paid when due, the
Mortgagee may (without obligation ro do so) Pay the same, or become purchaser of any lawful evidence. thereof, or certificate
therefor, without waiving or affecting any right hereunder and in this mortgage, or the saidsote wh'Kh this mortgage severesj and
such payments or expenditures so made shall bear interest from the dote thereof at the rate of eight per cenfum (8~ }er annwn.
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THIRD: That tM Mortgagor will keep all real and personal property now or hereafter encumbered by the lien of this
mortgage inwred as may be required from Hme ro time by the Mortgagee apairat bss by fire, windstorm ond_other hdsords,
casualties and contingencies for such periods and for not less than such amount as may be required by the Mortgagee and ro pay
promptly when due all premiums for such inwronce. The amounh of such inswance required by the Mortgagee are expressive of
only the -minimwn amounts for which said inwrance shall be written and it shall be incumbent upon the Mortgagor ro maintain such
additiorwl inwronte os may be necessary ro meet and comply fully with all co-insurance requiremenh a~ntoined in said pdicies ro
the end that said Mortgagor is not a co-inwror thereunder. Inwronce shall be written by a comp6ny or companies approved by the
Mortgagee and all polid~s and renewals thereof shall be held by the Mortgagee. All detailed designations by the Mortgagor
which are aaepted by the Mortgagee and all agreements between Mortgagor and Mortgagee relating ro inwrancs, now existing
or hereafter rrwde, shall be in writing and shall be o part of this mortgage agreement os fully as though set forth verbatim herein
and shall govern both parties herero and their wccesson and assigns. No lien upon any of said policies of insurance or upon any - _
refund or return premium which may be payable on the cancellation or terminot'an thereof, shall be given ro other than the Mort•
gages, except by Proper endorsement affixed % wch policy and approved by Mortgagee. Each policy of insurance shall have
affixed therero a Standard Mortgagee Clause aaeptable ro the Mortgagee, making all loss or bsses under wth polity payable
to the Mortgagee os its interest may appear. In the event any wm or wms of money become payable thereunder the Mortgagee
shall hove the option ro receive and apply the same on account of the indebtedness heroby secured, or ro permit the Mortgagor ro
receive and .use it, or any part (hereof, without thereby waiving or impairing any equ~ry, lien or right under and by virtue of this
mortgage. In event of bss-or physical damage ro the mortgaged property the Mortgagor shall .give immediate notice thereof by
mail ro the Mortgagee and the Mortgagee may make proof of bss if the same is not made promptly by the Mortgagor. M evert
of foredowre of this mortgage or other transfer of title-to the mortgaged property in extinguishment of the indebtedness severed
hereby, all right, title and interest of the Mortgagor in and ro any inwrance pdicies then in force shall pass ro the purdioser or
grantee. Upon any default thereof, the Mortgagee may (but without obligation on its part so to do) Place insurance on such
buildings and pay the premium and charge such wms so paid ro the Mortgagor and wch wms of money so paid shell beer interest
from the date of payment at the rate of eight per centum (8~) per anrwm.
FOURTH: That aH wms of money paid or caused to be paid by the Mortgagee under the terms of this mortgage and herein
f specifically provided for, and including any expenses incurred by the Mortgagee in collection of the wm secured by this mortgage,
shall be covered by the lien of this mortgage, the some as the sums of money represented by the note which this mortgage secures.
FIFTH: To permit, commit or suffer no waste, impairment or deterioration of said property, or any pert thereof, and upon
C the failure of the Mortgagor ro keep the buildings on said property in good aandition of repair, the Mortgcgee may demand the
immediate repair of said buildings, or an increase in the amount of severity, or the immediate repayment of the debt hereby
severed, and the failure of the Mortgagor to wmply with sold demand of the Mortgagee for a period of fifteen (15) dogs shat!
constitute a breach of this mortgage, and, at the optan of the Mortgagee, immediately mature the entire unpaid princpal and
interest hereby severed, and the Mortgagee may, without notice, institute proceedings to foreclose this mortgage, and apply for
the appointment of o receiver, as hereinafter provided.
SIXTH: That the Mortgagor hereby promises, covenants and agrees to pay the sums of money and interest as mentwned
in sold promissory note, rogether with any and all other. wms justly due and owing the Mortgagee by the terms therein, and severed
to be paid as stated therein promptly when due. If default shale be made in the payment of the said wms 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 shall be
in defauh and unpaid for a space of fifteen (15) days, or should the Mortgagor breach or fail to aaeriply with any other covenant
or agreement on the part of the Mortgagor ro be complied with (in those cases in which the option of the Mortgagee of oocelera-
tion is not otherwise expressly provided herein) and wch breach or non-compliance continue in existence for a space of fifteen (15) _
days, then and from thenceforth, at the option of the Mortgagee and without notice to the Mortgagor, the whole of said principal
wm expressed in said note, together with all other sums therein as well as herein provided for, shall become immediately due and
payable, without notice ro the said Mortgagor.
SEVENTH: That in case it should become necessary to place this mortgage and the note severed hereby or either of them,
in the hands of on attorney for collection, the said Mortgagor covenants and ogrees-with the Mortgagee to goy all costs, charges
and experses of such aslledion, including reasonable attorney s fees whether collected by foreclosure or otherwise.
EIGHTH: That, in the evert any wit is brought upon this mortgage, whether to foreclose it, to reform it, or otherwise,
and/or ro enforce payment of any claim hereunder, the Mortgagee may apply to any court having jurisdiction thereof for the
appointment of o receiver of-said mortgaged property, as well as the income, profits, levees and revenues thereof, and the said
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