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And shall perform. comply with and abide by each and every of the st~putations, attreemeaH,cotrditioas and corenaats set
forth in this cruet;age and in the protr',sttry note secured hereby, and any renewals tk orlter notes green in accodante hercwrtA,
then this :nott;ags and the estate hstaby ereaa:ti shall tease aad be null and void. , .
And said Mort^agor for himself aad his here. lepl representatives. successors and assigns. hereby coaveaants and access to
:ltd wtW sand aloctpges, its IeYal rspressautrves. wc~YSwci and assigns: ,
1. Yu pay all and sincular tits pritttipal anJ intert:~ arwf the carious and wndry wmi of money payab4 by rictus of sail
pcomtssory notss, aad this mortgars, sash and scecl?. promptly oa the days tespecusily the same become due.
2. To May all attd singular the taxes, assessments, kries, liabilities. obligations atal inwmbrances of every naturs and kind
now on said descnbrd proptrtY, that hereafter may be impoxJ, suifeced. Dlated, kwied of asscsxd theceupun. aril trot F,eteaiter -
may be knell or assessed upon thrs motteace, the iadrbtcdnrss secured hereby. or both, each aad every. when dos and payable
accutdinS to law, bsfoce they become delinquent, atu! befuce my interest attache: or any penalty is incucted:and in w fu as any
theet:.ri is of respell the same shall be promptly atialred attd discharged of rocord and the orcitu! official document (wch as, for
instance, the ta-r receipt or the. sat-tsfactioa paper of:'icpUy endured o. xrtitied) shall be placed in the hands of aloft;ages with-
in ten days next after payment.
To keep said huilditttts. and any which may hereafter be stetted upon said premises, insured against lass ordama6e by
Cu. and such other liaxacds or risks as may be required by a[ortgagse in wch amount or amounts as may be requited by said
NortFagee, is wch iasutaaee :ompany_or companies as atoctgasse, its wcceswrs of use;ns, may approve, and N deliver to said _
aloe=a~~ee. as additiotul security hereto, the polities of such inwranc~ and of any addtnonal instrtana which shall bt taken out
upon such budding whtk any part of the indebtedness aforesaid shall retrain unpaid. haven; attached to satd policies such mort-
!ti~ mlernnity clause as alortga,eee shall direct. Renewals of such polittes shall be so delivered at kart ten days before any wch
ituutante s~aU expire. All ittwcance tarried shall be sausfactaY ro said alottgaEee, Arty sum whiut may become dos under any
wch policy may be applied by slid atortga+tee, at its option, either to reduce said debt oc to repair or replace the imptorements
tostrod by said policy. Said Mort;aces may p.xur: and substitute for any aad all of the insurance so heW as aforesaid, such
other Policy or policies of itiwrattix, in like. amount. as it rosy deternrrne, provided Nort=ar}oc fails to replace a.1y :rich in;uiarxe
within ten days afterlxitie notiticd that the lnwring Company is no loner apptored by \lortga;ee. In case of sate under lots-
cloaure hereof. all such insurance shall thenceforth, and until the period of redemption shall expire, be Wade payable to ta`ts'
holder of the certitipte of sate; and in such events said ~torteatiee is hereby authorized to tolle_t the unearned premium oa nay
such policy it may talus to b~: taricelled. regardless of vrhetiier said pr:mium is paid. by alo.•t;a;or of alort;a3ee, and apply such -
Dremrum towards the payment of premium on any wch new tnwrance w payable to the holder of such cecttfrpte.
4. In lase said atortga;or sl~ll ne;kct or refuse to keep said premises is good rcparr a.~rd condition. to pay promptly when
dos all taxes and aasessmenu. as aforesaid. or to remove am statutory lives on said premises. or to keep the buildings and
irrprovernentz insu[N, as aforesaid, and dslisYr the policy or policies of inwnnce, or the renewals thereof. to said ato:tgagee.as {
aforesaid. then aid .ltortpgee may, if :t sFaU so elect, males repairs, mainuia said property acid pay such taxes and assessments,,
with the accrued interest, penalties, officer's fees. and expenses thereon. redeem said premises which may hate-beers sold afor- -
[cited for axes or assessmenu thereon, purchase any tax title thereon, remove- any statutory liens and prosecute or defend any
wits in rctauon thereto, it?sure and keep insured said buildings is the wm. as aforesaid, or for nay less sum and for such rims. as _ - -
said alortraxre may deem eroper. any sums which may be so patd. pill by said alorteaeee, and alt wms paid out for substituted
- insurance: a aforesaid, including the Costs. expenses and attorney's fee paid is any sytt a[iectin; said rpl estate, when octet[
easy or appropriate to protect the lien hereof, shall bqr interest from the date of such payments at the same rate asis specified,
in the note secured hereby, as payable after default in payment of said note. shall be paid by said afortngor to said aloctga~e i
upon demand and ~liall be deemed a pa(t of the deb[ trereby secured, aad recoverable as such in all respects. Any wch liens
Maims, uses, assessments, or tax titles so purchased, paid. or redeemed by sad alort~gee shall, as between the parties hereto
th^ir successors in interest: be deemed valid: so that in no event shall the necessity or validity of any such payments be disputed. -
i~leither such payrtieat by atort~ee nor its rnUtction from btortgagor shall waive or affect nay option, lien. equity of right of
atotteagee's.
S. If requested by the aortgagee, the !(ortltacor, together with end in addition to the monthly Payments wader the terms
of all notes secured hereby. on the due day of each monthly payment and until said notes ue fully paid. shall pay to the a[oct-
gatee an insuUtneat of the taxes and assessments next to become due a:airist the mortuged premises. an installment of premiums -
next to become due on insured politics required by the aiort~see, and nay other charges payable according to the commitment
to ornate. Siuh insul!ments shall be equal respectively to such tastes and assessments, inwrance premiums and other charges. all
as estimated by the atorttaeee, less all wens already paid thereon, divided by the number of months that arc to elapse before one
mor.:h prior to-the date rrhsn such axes and assesstnencs, insurance premiums and acher cliaraes will become due. Said iastaC-
meats shall be held by the aloft:atee (beuia; the interest far atoct;aftor) to.pay such axes. assessarmts. insurance premiums
an3 oche. thuges. AU payments tirade under the [crm of this paragaph acrd u:tder th.: note sctiurod-hereby shall be added
tetethes and the aggregate amount thereof shall bs paid by the alortgagot in a single payment each month to be applied by the -
~atoa~ese in paY!~nt of the terms and is the order foilowint: (at taxes and assessments, and insurance prcmiutns aad other
c:~acns payable accordinc to the rnmtnittnent to ftaance: (b) interest oa the aeces secured hereby: std (c) amoaiution of the
principal ~f said notss..~?try deficiency in the amount of such a;geute monthly payment shall constitute a
default under this
'I more=ace, when wch taxes. assessrrieats, insuranu: premiums and other cturges fall due. if the amouau deposited by the afod-
gazor for such purposes arc not suiticrent to pay said Laces, assessments, insu~nce premiums, and other thuges,-as the case taaY -
be, then due, then the aloctgaeor will pay to the alortgane such deficiency immediately. When wch taaesrassessments, insuratiee
premiums and other char:rs f~U due, if the amounts deposited by the alurtgagor for such purposes exceed :he amounu due for
wch taxes. assessments, inwrance premiums and other charges, the caress may. in the discretion of the Jiorttasee, be applied
on s:iosegtr_nt monthly payments to be made by the alortngor. in the went of default under this ttiottgage any unexpended
• funds in the hands of the JiottaYCe deposited by the a(ortcuor to loser the obli~acians of razes, assessments. itrwance -
F:e^riums and other chances, shall be applied by the atottgagee upon the indebtedness hereby secured in the following order.
ia) in:erat on advances male by :he ylorttarcee; (b) adranc:s made by the alp:itatee; (c) interest on the principal- and (d) cite
pnri~cipal debt hereby secured. 1lrlren any such taxes. azsessrrients, insurance prcrniums or other charges fall due the a:ostgagor
wii'. promptly obuin and 3eliver to the afortgagee.statemcnu with cespcct thereto.
6. The atorteagot represents and agrees tlut this atort_raee loan aad all future loans evidenced by the aforesaid promissory
notes a~hith ue secured hereby ate made and extended by atort;agee in retorts. in part, oa the finanaal background and abili-
ties of aiort3aror and any co•tnakers, gttanntors or endorsee to, joiady and severally, pay any and all variotu and sundry wins of
motley and the spetitic rate of interest payable by virtue of said promissory notes aad this mortgage. These mortgaet loans are '
uni:ecstood aad anted to be made and extended to the a{ortgago: only. It is neither presumed, expressed oc implied that the
obii€auons created-hereunder tray be aswmed or performed by-any party other than the blortcator, ahtther or not upon the t
sale or toaveyante of the preruses herein dtscritred or nay part thece~i_ if a conveyance should be trade by the Mortgagor of the
premises htrcin described. or any part thereof. without the written consent of the Nor[n~cee. (which consent tray be withheld
arbitnnly or rtaaced on terms selected by Mortga:ee is its sole disaetaa.) or without assumptaa both by props: exeeutioa of
assumption arreemeats and related fortes in use by the Nortea3ee and by asswmption in restrlar form of law by the Snores of the
obligatrons created hereunder, then, in either of those events, and at the option of the I?torcgagee and without notice w the alort-
pgor or to any other posy, all sums of money secured hereby shall immediately and concurrcntiy aad upon such conveyance
- btcorte due and payable and in default whether or not the sums are otherwise -'.:ie and payable or in default by the spetxf"x t
terms hereof. The forccang option shall bt exercised by alortr~sptee at its sole and - =mplste discrctioa. The aforesaid tonxnt of
aiottgagee may be either ranted ar withheld without any requiremsnt of the alorcraeee disclosing any rcasan thsrcforc. Yoe-
withstanding the fore=omi, if the ewncrship of the-mottsa3ed premises, or any put thereof, becomes rested in a person other '
th:.n the atort~gor, :rte ~tortcagee may deal vrtth such successor or wccessors in interest with reference to this mortgagee, and `
the debt hereby secured, renroless of nay change in the ttcros of the obligations created herci:rrdrt, a+ithout in any manna
viti.:ting or dischar_rnt ttie atortgagoi
s 4ability hereunder or open the debt hereby scarred. The atorteagor shall at all times
t:onnnire liable for Chi indebtedness secured hereby anti! this trwrtsate is fully discharged or alott~tgor is formally rekated by an
instrument in wri[in; duly exewted by the alort~ss. - _
7. alo:t_agot, at the option of atorigree, shall pay a "late charge" riat exceeding two p:r centi:m of any said aggregate
a monthly installments including any installment for payment of taxes and insurance when paid more than ten days after the dire
date cttercof (provided that in no event shalt said "late charts" result in she payment of interest is excess of the maximum . '
interest ptrmitted by law), to covet the-extn expense~tivolved in handling delingt:ent payments. Such "late charge° shat! trot be
payable out of the proceeds of any sale made to satisfy the indebtedness xcured hereby, unless such proceeds are lust wfft-
eient to disc!taree the entire indebtedness and all proper costs and expenses secured thereby. d1 rpsonaWe minimum "tare chartt°
writ be clurged as custotnanly fixed by Hottgagee from time to bros. and alortgasor ajtees to pay said minimum "sate cyuge,°
if intoned.
8- To Dermit, commit or suffer no waste and to maintain the improremsnts a~ all times in a state of good repair and con-
ditit;n; and to do or permit to be done to said premises nothing that vrrl! alter or ctunre :he use and thuacter of said property o[
in any way impair or weaken the security of std mortsalre. In 4~x of thrrciusal, nrilect ur inabdity.of the a(uttgagot to repa'a -
acrd mamtain said propcity, the alortlta¢ee may at its opti..n males such repair itr Cause the nme to (re mach and advance monies _
in chat behalf which sums shall be secured by the lien hereof and btu tnrerest at the same rate as a spectficd is the note se~vred
:teaby, as payable after default in payment of said :rote..
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