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tender W the Mortgagee in aocordano~ vi~ya,~the proTpf tlta note secured hereby, full payment of the
entire indebtedness represented thersbi?,'t e''MMortgagee, as trustee, shall, in coanputing the aanount of such
indebtedneaa, credit to ttae account of the Mortgagor any credit balance remaining under the provisions of (s)
of said ph Z.- !t there shall be • default under any of the provisions of this tnortga~ resulting in a
public sate a the premises covered hereby, or it the Mortgagee acquubs the property otherwise attar default,
the Mortgagee,-era trustee, shall apply, at the time of the couainencement of such,proceedanga or at tl~e time
-the property as otherwise acquired. the amount then remainu~ to credit of Mortgagor under (a) of paragrsph,2
preoediag as a credit on the interest accrued and unpaid and Use balance to the principal then remaimng unpaid
on said note.
4. He will Per all t~?xee, seseesoseote, wales rates, and oche: ~oveeamental oi' municipal ehargee„ fines. cc .
impositio>y, ivr which proridon lass not b~ made hceeiabetors, and is default thereof the Mort~es mew ~r t6s
tame; and that b. will promptly deliver the aBicial reoeiph tberetoi~ to the Mortgisaes.
5. He will permit, commit, or angst ao waste, impairment, or deteryoration of slid property or nay part ther+eot
ezespt reasonablb wear and tear and in the event of the i ' ure of tbe-Mortgragor to keep the buildings on al~
premises and those b be ereetec~ oa said premises, or improvements thereon, in good repair the Mortgagee-may .
wloe sash repairs as in its disoretioa it may dew necessary for the proper preeuvation thereo~, and the full amount
o'-each and.ev~ery such payment shall-be due and payable thirty (30) days site: demand, and shall bs secured by
the uo.: of this mortg~s`e. -
a. He will pay all and singular the costs; sml ezpenaes, including reasonable law„ Br's fees, and coats
of abst:r?ats of title, incurred or paid at nay time~Mortgagee because of the failure on tlm part of the Mortgagor
t~P~Y and f to perform the- agreements and ooveaante of said prosniaeory note and ttais, m rt~ge, and said
costs, charges, and ezpeaees shall be immediately due and payable and shall be secured by the ties of t3sas' mortgage.
T. Re will oontinuouslf main~aap haz~?r~ ' of such type or types and amounts as Mortgagee may
from time to time require, on Lhelmpro~emesats now
oar hereafter on said premises and eaioept when payment
for all such premiums has theretofore been made under (a of pangra+ph 2 heroot tae will pay prompd when
due any premiums therefor. All insurance shall be in oompawee appmve~ by I?iortgagee and the poli-
ciesand renewals thereof shall beheld 6y Mortgagee•and hates attached thereto loss payable lenses in favor of
and in form acceptable- to the M tg~gee. In Brent of loss he will give immedaate notice by mail to Mo~rtgsgee, -
and Mortgagee may make ,prooiQ~ulf loss if not made promptly by Mortgagor, and each insurance opmpany -
oonoerned is lmreb suthora:ed and directed to make payment for ouch bas directly to Mor~a~e~ aaastead of
- to Mortgagor and Mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied by Mortr -
gages at ate option either- to the reduction of -the indebtedness hereby secured or to the restoration or repair of
the pmpertj. dammed. In event of forecbaure of this mortgage, or other transfer of title to the mortgaged
property an a:tiinguashment of the indebtedness secured here6~,_all right, tide, and interest of the Mortgagor
an sad to any insurance policies then is force shall pass to the purrhasetos grantee.
8. It the ppremises, or am part thereof. be ronden~ned under- the power of eminent douiam, or acquired for
a public use, the damages awarded, tl~e prorercls [or the taking o[, or the consicleration for suck acquisition, to
the e!ctent of the full amount of-the remaining unpaid indebtedness secured hr this mortgage, err hereb~•
assigned to the vortgagee, and his heirs or assigns, and shall tx~ paid forthwith to said `lortgaRee or his
assignee to be applied on account o[ the -last maturu~K installments of such indebtedness; providwl, however,
the Mortgagee or has assignee, nosy at his discretion par direct to the Mortgagor, his heirs or assigns any part
or all of such award; provided, that if the loan is guaranteed or insured, the rnnsent-of the guarantor or insurer
is obtained in advance of said par ment - -
9. The Mortgagee may, :t any time pending s suit upon this :nortgage, apply to the oaurt having jurisdiction
thereof for the appointment of a receiver, and such court shalt fortiawida appoint a receiver of the premises covered
hereby all sad singular, including all and singular the income, profits, issues, and r+eveaues from whatever source .
derived, each and every of which, it being expressly understood, is hereby mortgaged ss if specifically set forth and
described in the granting and habendum clauses hereof. -Such appointment shall be made by such court as m admitted
equity and a-matter of absolute right to acid Mortgagee, and without reference to the adequacy or inadequsey of
the value of the property mortgaged os to the solvency or insolvency of said- Mortgagor or t'.~e defendants. Such
'i rents, Profits, income, isscaea, and revenues shall be applied by such r+eoeiver acooiding to the lien of this mortgage -
and the practice of such court. In the event of any default on the pert of the Mortgagor hereunder, the Mortgagor
II agrees to pay to the Mortgagee on demand as s reasonable monthly rental for the pr+emiaes an amount at least
equivalent to one-twelfth -oE the aggregate of the twelve monthly inatallanente payable in the rhea current
year Plus the actual amount of the annual taxes, assemmeat~s, water rates, and inauraaoe premiums for ouch year
not covered by the aforesaid monthly PiY~~ -
10. In the event of any b~+each ~ this mo=tgsge or default on the part a~f the Mortgagorf or in the event that
any of said sums of money herein referred to be not promptly and fully paid acxordang to the tenor hereof, or in the
event that each and every the stipulations, agreements, eonditio>m, and covenants of said note and Was mortgage, -
are not duty, Promptly. and fully performed; then in either or any such event, the said aggregate Bum mentioned
is said Hots then reflusinieg unpaid, with interest accrued to that time; and all moneys secured hereby, cctaatl become
-due and payable forthwith, or thereafter, at the option of said Mortgagee, sa fully- and completely as if all of the
said sums of money were originally stipulated to be paid o~, such day, anything in acid note or in this mortgage to
the contrary notwithstanding; end thereupon or fher+eafter. at the option of said Mortgagee, without notice or -
demand, suit at taw or in equity, may be prosecuted as if all nnoneya secured hereby had matured prior to its institu-
-tion. The Mortgagee may foreckse this mortgage, as to the amount aD declared due end payable, and the slid
premises shall be Bold to :mtiafy and pay the same together with coats, expenses, and allowances. In case of rsrtiat -
for+eclosure of this mortgage, the mortgaged premises shall be Bald subject w the continuing 1ier1 of this mortgage
for the amount of the debt not then due and- unpaid. In auc6 ~x the provisions of this ps: sgraph may again be
availed of thereafter from time to time by the Mortgagee,.
t 1. No waiver of any eoveaaat barrio or of the obligation secured hereby shall st any time thereafter be-held
to be a waiver of the terms hereof or of the note eecaared hereby- .
12. The lien of this instrument ahsl! reauain in full force and eAed during any postponement or extension of
the tame of payment of_ the indebtedness or any pad thereof hereby.:
- 13. If the Mortgagor default in any of the covenants or agreements contained herein, or in acid note, then the -
Mortgageemay perform the same, end sU espenditurea (including reasonable attorney's fees) made by the Mort~ee -
in so docng shall draw interest at the me provided for in the principal indebtedness.-and shad be repayable
thirty (30) days after demand, and, together with interest and costa accrued thereon, shall be secured by
-this mortgage.
i4- Upon the request of the Mortgagee the Mortgagor shall execute and deliver s supplemental note or
notes tort sum or sums advanced oy a `tortgagee for the alteration, modernisation, improvement, main-
tenance, or repair of said premises, for taxes or assessments against the same and for any other purpose author-
ised hereunder. Said note or motes shall be secured hereby on a parity with end sa fully as it the advance
evidenced thereby were included in the note brat described shove. Said supplemental note or notes shall bear
interest at the rate provided for in the principal indebtedness and shall be ayable in approximately equal
monthly pa nts for such period as may be agreed upon by the creditor and debtor. Failing to agree on the
mt?tunty, the whole of the sum or sums so advanced shall be due and payable thirty (30` days after demand
by the creditor. In no erect shall the maturity extend beyond the ultianste r~:aturity of the nc?te Srst
described a_ bore.
- 8t~~~ P1.GE~~
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