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tender to the Mortgagee in aceorclsac~ = ?:'~~t1i~ provisibtia ~~ice note see-used hereby, fu21 payment of the
entire indebtedaea represented thereby, the Mort~~ , M !r' tcs, s`all, in computing the iunount of such
indebtsdneeas, credit to tl~a account of the Mortgagor any credit balance remaining under the provisions of (a)
of said psra~nph Z. It there shall ba a default under any of the provisions of this uiortga~e resulting in a
public ~alale of the premises covered hereby, or if the Mortgagee acquires the property otherwre af:,ar default,
the Mortgagee, as trustee, shall ..pply, st the dine of the couuneacement of such proceedings or at tl?e time
the property a otherwise acquired, the amount then remaining to credit of Mortgagor under (a) of partgnph 2
preceding v a credit on the interest accrued and unpaid and tt~e balance to the principal then remaining unpatd
on said note.
4. Hs will pay aq taxes, aseermaenta, water rates, and otbee vernmeQial or raunieipai charges, •Bner~ aft
impoaitioro, for which provision bas ncyt bees made 6ereinbetore, sad in default t!?ereot tbs Moit~es ma3? pDy tLs .
lama; and that hs will promptly deliver the o~eial receipts-therefor to t6s Mortgagee.
b~ He will peewit, oammit, or suffer m waste, impairment, or deterioration of add property os°°g~,p~~a~rt thereof
except raueoaabk west sad tear; and in the event of the failure of the Mort~or to keep the buildings on aai~ .
penises sad tboes to be erected on said premises. or improvements thereon. m rood repair the Mortgagee may
- maloe such repairs as in its discretion it rosy deem neoeaeaty for the propsi preecrvatbn tbereo~, and the full amount
of sash sad every such payment shall be due add payable thirty (30) days dt~ demand, and shall be sewred by
the lien of this mortgage.
8. He will pay all and singular the ovate; and eacpeaaes; including reasonable hwyar's fees, and eos#s
d ubstraets of title, incurred os paid at aqy time by tie Mortgsaee because of the failure on the part of the Mortgagor
promptly and f to perdorm the agreements and oovenaats of said promissory note and tltia mo and aid
ovals, .charges, and expenses shall be immediatehr due and payable and shall be secured by the lien of this mortdag~e.
7. He will oontinuousl, maintain lissefed imnuana0, of such typo or t sad amounts as Mortgagee rosy
from lima to time require, oa the improvements now or hereafter on said pnanises and exo~pt whew _ ent
for all such premiums has theretofore bees made under (s of paragraph 2 hereof ~ will ptiy piom when
due any premiums therefor. All insurance shall be carried in compsases approve by Mortgages an~ e poli-
cies sad renewals thereof shall be held by Mortgagee and have attached thereto .loss payable c-tsusea in favor of
and in form acceptable to the Mortgagee. In event of kiss he will give immediate notice by mail to Mortgagee, _
sad Mortgagee. may make proof of Loss ~if not made promptly by Mortgagor, and each insurance company
concerned is hereby suthorursd and directed to make payment for such kms directly to Mort~a~e~ instead of_
to Mortgegor and Mortgagee vin~,~y, and the insurance proceeds, or any part thereof may be applied by Mortr
gages at its option either to ~e reduction of the indebtedness hereby secured or to t~e restoralron or repair of
We property duna~ed. In event of foreclosure of -this mo~tgsge, or other transfer of title to the mortgaged
property rn extangmshment of the indebtedness secured her+ebl, all tight, title, end interest of the Mortgagor
ra sad to any insurance policies then in force shall press to the purchaser or grant~ea.
S. If the premises, or any part thereof, be condemned under the power of eminent don~am, or acquired [or
a public use, the dau~ages awanled, the proceeds for the Lakin of, or the consicleration for such acquisition, to
tl?e extent of tltie full amount of the remaining unpaid indebtedness secured by this mortgage, arc hereb~-
.assigned to tl~e Mortgagee, anti his heirs or assigl?s, and sl:~il he paid forthwith to osier :Lortgagee or his
assignee to be applied on account of the last matunctg installments of such indebtedness; provided; however,
the 4ortgagee or lies assignee, irony at his discrntion pay dirrc•t to the Mortgagor, his heirs or assigns any part i
or all of such awanl; provided, that d the loan is Kuamnteed or insured, the consent of the guarantor or insurer ~
is obtained in advance o[ said payment. _
9. The Mortgagee may, at any time pending a suit upon this mortgage, apply to fat court having jurisdiction
thereof for the appointment of a receiver, and such court shall forthwith appoint a receiver of the premises covered -
bereby all and singular, including all and singular the income, profits, issues, and revenues from whatever source
derived, each and every of which, it being expressly uaderatood, is hereby mortgaged as J specifically set forth and -
described in the granting and babendum clauses hereof.. Such appointment shall be r+~it~? ~ Wl~t~a sBsd~fAlrU1~-
`equity and s matter of sb®olute right to acid Mortgagee, and without reference tottibe- ' 1 Rt
-the value of the property mort$aged or to the solvency or insolvency ~ of avid Masi~gortidl+ they detebliai6tat~ c$ustir+~ ~
rents, profits, income, issues, and revenues-rhaU be applied by such receiver according to the lien of this mortgage ~
- end the practace of such court. In the event of say default. on the part of the Mortgagor hereunder, the Mo
agrees to pay to the Mortgagee on. demand as a .teasonabk monthly rental for the prerriises an "amount at
equivalent to one-twelfth (3Ss) of the agate of the twelve- monthly installnieats payable in the then current
(rear plus the i?ctual amount of the annual taxes, aeeeseanents, water rates, and insurance premiums for such ;ear
not covered by the aforesaid monthly payments. -
~10. In the event of any breach of this mortgage or default on the part of the Mortgagors or in the event that
any of acid sums of money herein r+efernd to be not promptly and fully paid according to the tenor hereof, or in the
event that each and every the atipulstiona, agreements, conditions, and ooveaants of said note and this mortgage,
are not duly. promptly, and fully performed; .then is ether or any ouch event, the said sggregste sum mentioned
in seed note then remaining unpaid, kith interest accrcred to that time, and all moneys secured hereby,.aball become
due and payable forthwith, or thereafter, at the option- of said Mortgagee, as fully and completely ce if all of the
said sums of money were originally atipuLted to be paid on such day, anything iz! said note or in this mortgage to
~ the contrary notwithstanding; and thereupon or thereafter, at the option of said Mortgagee, without notice dr
~ demand, suit at law or in equity, may be prosecuted ss if all moneys secured hereby had matured prior to its institu-
I lion. The Mortgagee may foreclose Chia mortgage, as to fife amount so dsclar+ed due and p~syabk, and the acid
ppremises shall be ~ d to satisfy and pay t'ne Mme together with costs, expenses, and allowsnees. .In case of partial
foreclosure of this mortgage, the mortgaged premises shall be sold subject to the continuing lies of this mortge~ge
for the amount of the debt not then due and unpaid. In such ease the pmvieions of this paragraph may again be
availed of thereafter. from time to time by the Mortgagee.
11. No waiver of any covenant berein or of the obligation secured 6ereby shall sY any .time Lber+eafter be held
~ to ba s wailer of the terms hereof or of the note secured hereby.
12: The lien of this instrument shall remain is full for+oe and eged during any postponement or extension of
the time of payment of the indebledaces or any part thereof secured hereby.
~ 13. If the Mortgagor default in any of the ooveaaats or agreements contained herein, or in sa:d note, then the
Mortgagee rosy perform the same, end all expenditures (including reasonable attorney's tees) made by the Mortgagee
4 in so doing shall drew interest at.the rate provided for in the principal indebtedness, and shall be repayable
j thirty (30} -days after demand, and, together with interest and coats acxrued thereon, shall be secured by
{ this mortgage. -
14. Upon the request of the Mortgagee the Mortgagor shall execute a*id deliver a supplemental note or
notes fort sum or sums advanced Dy a 1~iortgagee for the altentan, modernisation, improvement, main- i
o lenarice, or repair of said premises, for taxes or asEeaaments against the same and Ion any other purpose author-
ised hereunder. Said mote or rwtes shall be secured hereby oa a parity with ~aad as fully as if the advance -
evidenced thereby were included in the note first described shove. Said supplemental note or notes shall bear
interest at the me provided !or in the principal indebtedness and shall be payable in approximately equal
monthly !m refs for such period ss may be agreed upon bar the creditor and debtor. Failing to agree on the
maturity, the whole of the sum or sums so advanced shall be due sad payable thirty (30) days after demand
by the creditor. In ao event shall the maturity extend beyond the ultimate z:istaisity of the note Snt `
I described rbove. ~e~e~ s~,~ - ~
ti(IGIIJ~~ PAIiE~Al~