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4. To psrmit, commit of suffer ao waste. impairnteat or detetiorstioa of aid property or any part thereof:
3. To pay all gad siagtrtsr the Cosa` charges gad expewa, iacludirtg zeasoasble hwyet's fees and cost of abatrua of
tltlR incurred or pntd at any time by aid Mortpgee beause and/or is cite event of the failure oa the put of the said
ltortgagot to dtr~,~p:omptty gad fully perform, dbcharge. execute. effect, cotaplece, corttpty with sad abide by each and
eveq tipu4 s~grcetaeaa, coodttbaa and covatsaa of aid promiaoty note. and this rrtortgage. any or richer, and
aid Cosa, charges artd ertpeases, each and srvery, shall be immediately due and payable, whether or not there be notice, do-
mend, attempt to collect or suit peadin~ and the full amount of each and emy such paynteac :}tall beu interest from the
date thereof until paid at the rate of ten per tea}}}m pet annum: and all saW coat's. charges and expenses so tacurred or paid,
together with such interest, shall be secured b~ the lien of thk mortgage.
6. T~at(a) in theevent ofnay breachaf ehbmortgage of detsult on the partof theMortgagor, or(b) is the event any ofsaki
sums of atoaey berdn rafecred to be tat promptly and fully paid with8t ten days next after the same severally become due gad
payable, wtthotrt demand or aotic+q or(c) is the event each and eveq the stipulation. agreetaeaa, conditbas gad covenants of aid
promissory note sad this mortgage. nay or dtiter,are not duty. promptly sad fatly perfonaed, discharged. executed, effected,
completed. complied wilt and abided by, ttxa, is riche: or any such event, the said aggregate sum mentioned in said promissory
non then reaaaiaiag unpaid. with interest ucrued, gad all moneys secured hereby. ahaU become due sad payable fordtwlth, or
thenaftei, at the option ofatdlilortgagee, at fully grid cowpktety a iEalt of the said soots of moaeq ware originally stipuhtted to be
paW on :cult day. utythiag to said proa~issoty ooze, and/or in this mortgage to the coatraty aonrithstatidittg; gad thereupon or
thereafter at the option of said Mortgsgea, without notice or deataad, suit at taw or tp equity, theretofore, or thereafter begun,
wry be prosecuted u iEall,ntoneys secured hereby bad matured prior to its Inatitutioa
7. Tint to the event that at the beaipaing of or at any time pending any suit upon tilts mortgage. or to foreclose it,
or to reform it. aad/ot to enforce payment of nay claims hereunder, said Mortgagee shall apply to the man having jurisdiction
thereof for the appointraeat of a Recdm, such mart shall forthwith appoint a Recdver of said mortgaged property all and
singular, including all and dngttlas the rents, income, profits, issues and revenues from whatever source derived, each and eveq
of which, it being expressly understood, is hereby nart~aged u if specifltxlty sat ford} gad described in the gaming and
ltabendum clauses bereofy and such Receiver shall have all the broad and effective functions and powers is anywise entrusted by a
mart to s Retdvet, and such appoLttmeet shall be made by such court as an admitted equity and a matter of absolute right to said
Mortgagee, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to the solvency or
inwbency of said Iortgagor and/or of the defeadaaa, gad that such seats, profits, income, issues sad revenues shall be applied by
such Receiver according to the lien and/or equity of said Mortgagee and the pactke of such court.
8. In the event the jurisdiction of the U.S. DlsMct Court shall ix invoked by or against the Mortgagor under any of
the prrnrisions of the Federal Bankruptry Ac~c, such action, nrhether voluntary or involuntary on the part of the Mortgagor,
:hell automatially, without notice, acceleate the maturity of all sums of money herein described and secured and the same
shall thereupon become due and payable forthwith ss fully as if the said aggregate sums of money were originally stipu4ted
to be paid on such date. .
9. To deliver to said Mortgagee on or before March 19 th of eu6 yea, tax recdpts evidencing the payment of all lawfully
imposed taxes for the preceding calendar yea, and to deliver to said Mortgagee. receipts evidencing the payment of all hens
for public Imptovemena within ninety (90) days after the same shall become due and payable. and to pay or discharge within
ninety (90) days after due date, any and all governmental levies that maybe made on the mortgaged property, on this Mortgage
P;;.u, ~ j :Y•>,... •.~„tH... ire. the I~[ortsue iadebtedaers secured by Otis Nortgagr, and if this condition be not
complied with and performed, said Mortgagee may pay such:um or sums which shall become part of the debt secured by tAia Mort-
compUedwith and performed, said Mortgagee may pay such sum or soars which shall become part of the debt secured by this Mort
gage and shall bear interest at the default rate provided in said Promissory Note payable monthly until paid or said Mortgagee may
elect that said Mortgage debt thereupon become due and payable forthwith.
10. Tf all os nay part of the properq or an interest therein b sold or transferred by Mortgagagor without Mortgagee s
prior written consent, excluding (a) the creation of a lien or eacumbrattce subordinate to this Mortgage, :(b) the cration of a
purchase money securiq interest for household sppiLaces. (c) a tansfer by devise or descent, or by opeation of Lw upon the
dealt of a joint tenant, or (d) the grant of nay leasehold interest of three years or less not containing as option to purchase, Mortga-
ges may, at is option, declue all the sums secured by this Mortgage to lx immediately due and payable. Mortgagee shall have
waived such option to uceteate if, prior to the ale or transfer, Mortgagee and the person to whom the property is to be sold
or transfernd reach agreement In writing that the credit ofsuc6 person is sadsfutory to Mortgagee and that the interest pa~ble on
the sums secured by this mortgage ahal! be ac such ate as Mortgagee shall request. _
11. That to the event the premises hereby mortgaged, of nay part thereof, shall be condemned and taken for public use
under the power of eminent domain, the Mortgagee shall Mve the right to demand that all damages awuded for the taking of or
damages to gale} premises shall be paid to the Mortgagee up to the amount then unpaid on this Mortgage and at the option of the
Mortgagee may be applied upon the payments last payable thereon.
I2. The Mortgagor binds himself not to erect or permit to be erected any new buildings on the premises herein mortgaged
or to add to or permit to be added to any of the existing improvements thereon or make any changes or alteationa in said
improvements which tmtetWly change the same or the use thereof, without the written consent of the Mortgagee, and in the event
ofanyvlolationorattempttovtolatethbstipulation. thisMottgageandallsumssecuredherebyshallimmediatelybecomedueand
collectible at the option of the Mortgagee.
l 3. It u speciflally agreed that time a of the essence of this Mortgage and that no waiver of any obligation hereunder or of
the obligation secured hereby shall at anq time be held to be a waiver of the terms hereof or of the instrument secured hereby.
14. If foreclosure proceedings of any second mortgage or second trust deed or any junior lien of any kind should be instituted
the Mortgagee may, at its option, immediately of thereafter declare this Mortgage and the indebtedness secured hereby due and
payable forthwith, and may at its option proceed to foreclose this mortgage.
1 S. To the extent of the Indebtedness of the Mortgagor to the Mortgagee described herein or secured hereby the Mortgagee
is hereby subrogated to the ties of liens and to the right: of the owners and holders thereof of each and every mortgage lien or other
encumbrance on the laced described herein which is paid and/or satisfied in whole or in part out of the proceeds of the loan des-
. critxd herein or secured hereby and the respective liens of acid Mortgages, liens or other encumbrances shall be and the same and
each ofthem hereby is preserved and shall pas: to aai be held by the Mortgagee herein as security for the indebtedness to the
Mortgagee herein described or hereby secured, to the same extort that it would have been preserved and would have bgen passed
to and been held by the Mortgagee had it been duly gad regululy assigned, tansferred. net over and delivered unto the MortitaRee
by sepaate deed of assignment notwithstanding the fact that the acme may be satisfied and cancelled of record it being the
intension of the parties hereto that the same will be satisfied and cancelled of record by the holders thereof at or about the
time of the recording of this Mortgage.
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