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' tender to the 'Mortgages in sooo~anoe with the provr~one of tl~e note secured hereby, full payment of the
eatie+e indebtedness repreesated thereb ,the Mortgagee, as trustee, shall, ip computing the amount o[~ sash
iadsbtedaas, coedit to the account of the Mortgagor any credit bolanpe remaining under the provisions ~ (a)
ert saW p~gr~ Z. l~ them shall be a default under any o[ the provisions of this mo e+esdtwg is a
. public sale aT t~premises covered hereby, or if the Mortgagee acquires the p~roy oth after default,
tbs Mortgagee, ss trustee, shall apply, at the time of the cantnepeement of s ~ot at the time .
tplb~n~party i. otherwise acquired, the amount then remau~u~g to e~editot Mortgagor under-(a~ot paragrapL ?
M • credit on the in~,ereot ed and un and the balsac~ w the pTiopcipal they remaining uuPyid
' 8e wjD ~r ~aA ta~oes, aesrmeots, caster ~~?fss„ ~ other ~ tsl o>} muoidPal ehaeges. ~ae1~ os
impo~tioos, foe provlsioa bas not bees made ~et~eto ore, aad~thereot tbs M~oetpges mq ps, tbs r
saess;~ and test bs will peoospt~jr eteiiver the e~eial receipts tberstae to the >1[artpgee~
6. He will piRmit,,oommit, or sager ao waste, impsirmesl, ex detsrjoestbn of saW peopeety pt tbaeof
eaooept reaspoabie=wear and tear ~ Ia tbs event ~ ~ f ~bths M to keep the b~ oa iidd
preaai.es and there to.be ereote~ raid premises, pro tbereoo, In-good repair tars Mortgages mtU?
msioe such repairs as in it. di.oretio~n it may deem neoeers:y for the_pe+oper pres~rvatioq tlrereo~ and the full amount
of inch and every payasaat sbaD be due and plYabtie thirty (av) gyre aPorrt degtand, an~ a6alt be secured b~
the hen of ibis martg~ -
a 8e wW pa,~r alt and eingula: tbs costs, and eaPeases, iae~luding reasooabis Lawyer's f tfad eoste~
of abshaets of title, incurred or paid at aqy time
~~oet~ee because of tbs failure oa the part of tbs
promptly and f to per[orin the agreements and ooveaaata ed said pr+oaaissoey~ ~
~
gartp~e,~~
Mid
oats, ebeuges, and aspeases abaU bs immediately dos and payable and sham be t~ _
7. As w~ ooatisuous~ maintain basa:+d ianr:aa, at noel fps or types and amounts a Mortgages rosy
from time to time regniro, oa the improvements now of ~~ter on said ~e~m'ues~ and evrasp6 when sat
for all such-premiums bas theretofore been made under (s of gan~gra~~6 Z hereof hs will pay promp ~w~en
dub any premiums therefor. ' All insurance shall bs is ~onapawea approvee~ by M s~nd~6e poli-
cies sad renewals thsceoi ahal! bs held by Mortgagee and ban attached thereto .bas payaba
k cTausas is ia~or of
sad in form acceptabis to the M in sweat of bas hs will give immediate notice by mail to Mortgages,
sad Mort~sgee may make _pa~ooforl~ it not. pr~~ptly bT )l~ortgagor~ sad each iasursnos eonnpsay
aoncsrned » hereb wthoriMd and directed to payment for such bas du~ectly to Mo ~ag~es instead of
• to Mortgag~vs' and Mortgagroe jointly, and the ' P or aqy Part tberesi may bs
app
- ~~ied by Mortr
- st its option either to the reduction of the in y secured or to t~e restoratan or rsp:ir of
the propertj.damsged. In event of forecbsurs of mortg.g~, or other trander of tills to tbs mortgaged
property in etrngws6meat of the indebtedness secwed hereby-
; sU ri~g6t; this, and interest of tLe Mortgagor
m and to agT.ipsuraaoe policies tb+va is Toros shall pass to lbs purcbaeer or grsatee.
8. If the ppremises, or am part thereof, be condemned under tl?e poorer of eminent domain, or acquired for
a public use, the damages awarded, tlir prorercls for the tskinngg ot, or the considrration !or suc1~ acquffiition, to
the extent of tl~e full amount of the remaining unpaid indebtedness secured br this mortgage, arc 1?ereb~•
assigned to the Mortgagee, and his heirs or asses, noel shall hr peal forthwith to laic! Mortgagee or hffi
ass~gnes to be applied on account of the last maturing installments of such indebtedness; provided, however,
the Mort or fun assignee, nay at t~is discretion par direct to the Mortgagor, his 1?eirs or amigos any part
or all o[ sac ~ sward; provided, that if the loan is guaranteed or insured, the consent of .the guarantor or insurer
is obtained in advance of said paruient. _
9. The Mortgagee may, at nay time pending :soil upon this mortasas, apply to the Deaf ha
thereof for the appointment of a receiver, sad each court shall forthwith appoint s reoeivex of the preaniees
o~ov~nd
hereby ell and singular, including all and singular the income, profits, issues, and revenues from whstever source
derived, each sad every of which, it being sspreasly understood. is hereby mortgaged as_ ii speeefically art forth sad
described in the granting and habendum chases hereof: 8ueh sppointmeat shall bs made by such court as an i~dmilted
equity and a matter of absolute right to said Mortgagee, sad without reference to the adequacy or•iaadaqua~r of
the value ~ the property mortgaged or to the solvency or insolvency of said Mortgagor or the deisndaats. 8uoh
teats, profits, income, and revenues shall lle spPL'ed by such reoaver soeordiag do tber lien of this mott~age
and the practice of such court. In the event of any d auk on the td lire Mortgagor hereunder, the M
' agrees to pay to the M on demand as s ra~sonable moat
lh
y rental for the premises sn. amount
equivalewt to one-twe:lttbof the amts of the twelve monthbr imitallments payable in the'thad ewrnat
year phm the actual amount of the aaa taxes, aseeeea~ents, water rates, end insurance paeagiums far such year
not covered b7 the aforesaid monthly payments.
j 10. In the event d any bebach of this mortgage ar default oa the part of tbe+ Mortgegor, or is tbs event that
any of said sums at mossy herein referred to be not promptly and fully paid according to the tenor hereof, or is the
event that each and every the stipulations, agreements, conditions, sad oovensats of said note and this mort~ge
are not duly, Promptly, sad fully performed; then in either or any such event, the said aggregr?te sum mentioned
is said note then remaining nnpaid, with interest accrued to that time, sad all moneys sewred herby, shall become
due'sad payable forthwith, ex thereafter st the apron of said Mortgagee, as fully sad oompietdy as if all of the
said Bums of money were originally stipu~?ted to be paid on such day, ~Y~~ ~ said note or is thin mortgage to
the contrary notwithstanding; sad thereupon or thereafter. at the option of said Mortgagee, without notion ae
demand, suit at law or in equity, may be prosecuted as J all moneys secured hereby had matured prior to its institn-
tion. The Morty~~ea may foreclose this mortgage, as to the amount so declared due sad payable, sad the said
~~mm~~ssaa shall be soW to satisfy and pay the acme tagetber with Dale, e~cpe.ases, sad ailo~waaoes. In ease of partial
faaeclosun of this mortgage, the mortgaged premises shall be sold subjeel to the ooatinuing lien of this mort~e
for the amount of the debt not then due end unpaid. In each ease the provisions of this paragraph may agasa bss
availed of thenalter from time to time by the Mortgagee.
11. No waiver at any e~oveaaat herein or of tbs obligation secured hereby shall at nay time tberaJter be held
to be s waiver at the terms hereof or ot'tha note secured hereby.
12. The lien of this inawment shall remain in full for+os and etfuring any Postponement or extension of
the time of payment of tbs indebtedness a any part thereof secured
13. If the Mortgagor detsult in any of the ooveaants or agreements contained herein, or in said note, then the
Mortgagee ~Y P~~ the same, and all e:psaditures (including reasonsbk attorney's fees) made by the Mortpges
in so do' shell draw interest al the rate provided for in the principal indebtedness, and shall be repsyable
thirty days after demand, and, together with interest and costs accrued thereon, shall be secured by
this mortgage.
14. Upon the request of the Mortgagee the Mortgagor shall execute sad deliver a supplemental note or
notes for the sum or sums advanced by tthhe :1~tortgagee for the alteratan, modernization, improvement, main-
tenants, or repair of said premises, for taxes or assessmeata against the same and for any other purpose author-
ized hereunder. Said note or notes shall be secured hereby oa a psrity witL and as fully as if the advance
evidenced thereby were included is the note brat described above. Said supplemental note or notes shall bear
interest at the refs provided for in the principal indebtedness sad shall be payable inroximately equal
monthly payments for such period as may be agreed upon by the creditor and debtor. F ' to agree oa the
maturity, tthhee whole of the sum or sums so advanced shall be due and payable thirty (30) days after ~naad
creditor. In m event shall the nuturity extend beyond the ultimate maturity of tb~e note first
`b0~°' a~ 489 ~c>E 182