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leader to the Mortgagee in aa;ordance.;~? ,+t~ e~ {~visiatY f tl~e note secured he~+e~a~fuU pa~rine t the
entire indebtedness represented thereby, Mortgagee; istee, shall, in ootuputing tho tunount o! such
iadebteduea, credit to Il?e account of the Mortgagor any credit balance remaining under tl?e provisions o! (a)
of said paragraph Z. t there shall be • default under any of the provisions of this inortga{te resulting is a
public sale of the premises covered hereby or If tlis M~agre acquues the p~ropesty otherw~e .floc default,
the Mortg~es, v trustee, shall apply. _at ~,bq ~,tme,:,oL t~hi ooiruneaoement of such proceedings or at tl?e time
t~ r.4.r±aY h, nt1,~~r~ ,~uirwl; ~ amount then reduinina to credit of Mort~lagoc under (s1 of parag»pb~ S
Preceding as a credit on the interest aoceaed aka unpaid stjd the balance a the principal then remaining unpaid
OA Bald note.
1''.
4. He wW ps~y all tuxes, aMessmenit; wafee rata, and other ~ve:nm~W oe muaddpal charges, ee
WPWt~? for whloh peovisioa has not bMn ip~ds heeeiobefors, sad is ds[ault tl~ered the Mocti~sges mq? Pq? f~bis
sass: and that hs_will otoosothr deliver t~s aitial reoeiaiatbae<~ to thq.hiortpgea.
b. Hs will peraNt, commit, or suitor m waste, fan or deterloratioa d eaW property a part thered
except reasoosble wear aa~d tsar. aa?d ip the event d thi i use oLtbs Mortppx to keep t ~b ao
pre®isa sad those to bs erectea~ oa sai~:,pr~salses, ar ImPsnvemen thereon, iron `cod repair ortvgee ma3?
males «roh repairs as is its discretion It mlUr neoeesary tar the preservation theeeo~ and the fup amount
d each and every ouch pyme~t.hsu,l~ `~PMilsblA.tbirty fdv) days after demand, an~ ehaU be seo~u~ed bD?
the Lea d thi. mortpge. . ~ ~ i~., ~ ~,V
d. He will pr?y all and singulae i6e,, oasts,, and eorpenees, inatudins reasonable Lwyee's fees, aa?d costs
d abstracts d title, incurred or paid at sous ~~.Mortp?aee beeauee d the failure on the part d the Mortgagee
• promptly sad fully to perform the sygre~aa8~covbat?ots d said promMsory note sad this. rort~e aanndd said
and expenses shall be immedistel, due spdp~yabl~~od shall bs scoured by the frees d tLis ~mort~s.
7. He wLl oontinuous>, maintain heard iraa~odd, Qt~bch~jpe or t,~p~s and amounts as Mortgages may
from time to time require, on the improvements nom qr Irdreafter on said p»mises sad ea~ospt when eat
for all such premiums has theretofore been made uade~ ~s of pareg»p6 Z hereof ~ will pay promp when
due say premiums therefor. All insurance shall be urq~~companties appmve~ by M rtgage~ and a pole
cies and renewals thereo! shell bs hdd by Mortgagee and ha~4,sy`tached thereto bas payabo
le clauses in favor of
sad in form acceptable to the M In event of bas he will give immedute notice by mail to Martgagee,
and Mortgagee may make,probio~~ J sot made promptly by ,Mortgagor, sad each insurance company
ooaeeraed is hooch suthon:ed and directed to make payment for such ba directl to Mo instead of
to Mortgagor and ~ortgagee jointly, and the rasa»nce p~soeeit,~oltagy+ tlYuereoims~~ie~Mp~t»ed by Mortr
gages at its option either to a reduction ai the indebtedness 6rttlt aeatanation or i+epair of
the property ~dama$ed. In event of foreclosure of this mo '~ther~ tr®devd~ mortgaged
-~mperty in extinguishment of the indebtiedaees scarred he
~y right,~tle, a~interest of Mortgagor
m and to any wsuraaee policies then rn orce shall Pas p gray
If the premises, or an~• part thereof, be condeu~ned under tl?~ power:ot eminent dontam, or acquired for
public use, tLe damages awarded, the proceeds [or the taki ot, or the consideration for'such acquisitron, to
the extent of the full acount of the remaining unpaid ind~tedness secured br this mortgage, arc hereb~•
assigned to the Mortgagee, and his I~eirs or assigns, anct shall be paid tortl~witi~ to said '.1~iortgagce or l~i$
sewn-ee to be applied.on account of the leaf matunng installwents of such indebtedness; provided, however,
the Mortgagee or h~a assi$nee, may at his discretion pay direst to the Mortgagor, his heirs or assigns any part
or all of such award; provided, that i[ the loan is guaranteed or insured, the consent of the guarantor or insurer
is obtained in advance of said pa. meat.
9. The Mortgagee may, a< any time pending s suit upon this mortgage, apply to the court having jurisdiction
thered for the appointment d a reosiver, and such court shall forthwith appoint a receiver of the premises covered
hereby all add singular, including all and singular the income, profits, issue, and revenue from whatever source
derived, each and every of which, it being expressly understood, fs hereby mortgaged as if specifically set forth and
described is the granting and hsbendum clause hereof. Such sppoi~tment shall be made by such court as as admitted
equity sad a matter d absolute right to said M~urtgagee, and without refereaoe to the adequsey or inadequacy d
the value d the property mortgaged or to the solvency or insolvency d said Mortgagor or the defendants. $ueh
I~ Hats, profits. income, issues, and revenue ehaU 11e apph'ed by such receiver according to the lien d this mortgage
i and the practice d such court. In the event d say default on the part d the Mortgagor hereunder, the Mortgagor
agrees to pay to the Mo on demand as a r+easonabk monthly rental for the premise an amount at least
equivalent to ono-tweUthof the sggt+egste d the twelve monthly imtallnnents payable in the then current
year phrs the actual amount d the annuuaall takes, aseeffionents, wafer rates, and insurance premiums for such year
not covered by the doresaid monthly payments. .
10. In the event d any b_*each d this mortgage or default on the part 6!~ for in the event that
any d said sums of money herein r~eferr+ed to be not promptly sad fully paid aoco tenor hated, or in the
event that each and every the atipulationa, agreements, conditions, and ooveaaats acid note sad this mortgage,
are not duly, W'eml~y. and ~Y pedotmed; then in either or any such ev~intg the said aggregate sum mentioned
in said note then remaining unpaid, with int~ereat accrued to that time, and all moneys secured hereby, shall become
dne and payable forthwith, os thereafter, at the option d said Mortgagee, as 3nl[y end oomplet~y as if all of the
said sums d money were originally stipulated to be paid on such day, aayt6in~ In aald note or in this mortgage to
the contrary notwithstanding; and thereupon or thenefter, st the option d said Mortgagee, without notice or
demand, suit st law or in equity, may be prosecuted adif all moneys sectued hereby had matured prior to its institu-
tion. The Mort;pgee tnay foreclose this mortgage, as to the amount so declared ~N' payable, and the said
ppremises shall be sold to satisfy and pay the acme together with expenses, aid allowances. In case d partW
for+eclosun d this mortgs8e, the mortgaged prom~~sqq ~1 bq (object to the continuing lien of this mortgage
for the amount d the debt not then due and unptu'd ~ Tn suc6 cane the provisions of this paragrs~ may again be
availed d thereafter from time to time by the Mortgagee.
11. No waiver d any covensat herein or d the obligation secured lierrby~aball at say time thereafter be hdd
to be a waiver d the terms hereof or d the note secured hereby.
12. The lien d this isaaumeat shall remain in full force and e8ect during say postlwnement or extension d
the time d p?ymeat d the inaebteana. a say part thereof secured hereby.
13. U the Mortgagor default in sass d the covenants or agrermeats contained herein, or is said note, then the
Mortgagee tnsy perform the same, and all eupendituna (including nasonabk attorney's fees) made by the Mortgages
in so do' shall d»w interest at the »te provided for in the principal indebtedness, and shall be repayable
thirty days after demand, sad, together with interest and coats accrued thereon, shall be secured by
this mortgage.
t4. Upon the request of the Mortgagee the Mortgagor shall execute and deliver a supplemental note or
notes for the sum or sums advanced Dy a Mortgagee for the alto»tioa, modernization, improvement, main-
tenance, of repair of said premises, fot taxes or assessments against the same and for any other purpose author-
- iud hereunder. Said note or notes shall be secured hereby oa a parity with and as fully as tf the advance
evidenced thereby were included in the note first described above. Said anpplemental note or notes shall bear
interest at the »te provided far in the principal indebtedness and shall be payable in approximately equal
monthly pa nts for each period ss may be agreed upon by the creditor and debtor. Failing to agree on the
maturity, the whole of the sum or sums so advanced shall be due and payable thirty (30) days after demand
by the creditor. In no Brent shall the maturity extend beyond the ultimate maturity of the note ~fint
described above. Nc~s~ c~
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