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' tender to the Mortgagee in aeoordance wiN~=tl~`il proviailNit?e note secur+~#y, tull~~?~t o! the
entiro indebtedness represented thereby, the Mortgages, as trustee, shall, in ooo~puting the amount of aueh
ittdebtedaess, credit to tl?e account of the Mortgagor any credit balance remaining under the provisions of (a)
of said pat~raph Z. It there shall be a default under any of the proviaioos of tha inortga~e result' ut a
public sale of {,Fie premiea covered hereby, or if the Mortgagee acquiroa the property otherwise after d~t;lt,
the Mortgagee, as trustee, shall apply, s< the time of the ootntneaoement of such proceedings or at the time
the Qroparty r otherwise acquired. the amount then remaining to et+edit of Mortgagor under (a) of paragnpb,a
preceding as a credit oA the intereaC accrued and uapa~d and the oaianca to ti?e prtncipu then remaining unpaaci
on raid note.
4. He wW pills all taxer, assessments, waste rates, and other~oveenmeatal a municipal e6argsa, of
isnpositioar, !or wLtoh ps+oviaion has not bees mods 6eceinbetors, sad io default tl?eied the Mortiages mq psay the
mow; ~ ~ 1N ~;i~ii~ delivec tbs. receipts hsrdor to tlr Mortpgee.
b? He will psrmlt, commit, or saltier no waste, impairmeat, ct deterioration d said property a therrot -
eoroept reasonable wear and t~eae• and in the avast d the failure d tbs Mort~oe to keep the busii~i~np on sai~ -
pe+emises and those to be ereete~ oa said premises, or impcovesnents tbereoo, 3n Cood repair the Moeti~+aes mai?
males such repairs v in its discretion it rosy deem necessary for tbs proms presr~vation fbeeeo~ and the full amount
d each and .every such pa3?meat shall bs due and pRyabk thirty (80) days dice demand, svs~ shall be secured bD?
the lien d this mortpgs.
a He will pay all and singular the boats; elf eapeoeer, iaaludiag reasonable lawyae'r feces, and costa
d abatnats d title, Incurred or paid at aqy time by. ssaee beowie ot~ the failure on the d tbs
promptly and fir to perform the ante and obven:nts d afW p~nisso:y note and this. band aid
caste, charges„ and espeaees dull iz4mediate~r dns ind payable sod. fall be secured by the lien~uwrt6~s.
7. He will ooatinuousy ~°ti(n'lia:~+d-~aw~tanae! o~ such tpe or;t end amounts as Mortgages may
from tune to time require, on the improvements now or hereafter on pMonlses and ex whear ant
for all such premiums has theretofore been made under (a of paragraph Z hereof ~s will pptbm when
due any premiums therefor. All insurance shall be in companses approve by M polies
cies and renewals thereof shall be-held by MortgageQ and Lave attached thereto loss payabLgclausee in favor of
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and 1n form acceptable t0 the M III OvdDt. of aims uo wa,a haw v.a.~.v w sww~b~'bwl
and Mortgagee may make .proofo of I ii not made p~rompt~ly by Mortgagors and each insurar?oe oompaay
concerned is hereb authonsed and directed to wake payment for such loos dit+ectly to Mo instead of
to Mortgagor and ~ortgsgee 'oia~ty1y., and tLe insurance proceeds, or wJ Part thereof may be ap-,pled by MorF
gages at its option either to t~ reduction of the indebtedness hereby secured or to t~e restoratan ~ repair of
the property dammed. In event of foreclosure of Chia or other treader of title to the mortgaged
property m extinguishment of the indebtedness secured nhee~eNi~l right, title, and interest of tLe Mortgagor
m end to any insurance policies then in force shall pass to the purchaser or grantee.
8. If the ptrmises, or am part thereof, be condenmed under the power o[ eminent domain, or acquired for
a public use, ilia damages awarcled, ilia pra•eecls for ilia taking of, or the ronsiclerntion for such acquisition, to
the extent of the full amount of the remaining unpaid indebtedness secured M this mortgage, arc hereb~-
assigned to tl~e Mortgagee, and his liens or assigns, react s1?all lx~ pail forthwith to said :Nrtgagee or 1?is
assignee to be applied on acrnunt of the last n?aturu~g installments of such indebtedness; provided, however,
the Mortgaaggee or hies assignee, may at his discretion par direst to the Mortgagor, hies 1?eus or assigns any part
or all o[ sucii award; provided, tl~nt if the loan is guaranteed or insured, the consent of ilia guarantor or insurer
is obtained in-advance of said parmeat.
9. The Mortgagee may, at any time pending a suit upon this mortgage, apply to the court having jurisdiction
thereof for the appointment d s receiver, sad such court shall forthwith appoint a receiver of the premises covered
hereby all and singular, including all and singular the income, profits, issues, and revenues from whatever source
derived, each sad every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and
described in the granting and habendum clauses hereof. Such appointmment shall be a~s#Iy MwA Il~!'fis sdad~IMl)<t~
equity and a matter of absolute right to acid Mortgagee, and without refereaoe tolil~ i
the value d the property mortgaged ~ to the solvency or insdvency of said Martgersak0h~tlretigilteali~litll~t+Buiet114
rents, profits„ income, issues, and revenues shall be applied by such receiver aa~os+ding to the tiro d this mottle
and the paactioe d such court. In the event of any default on the part of the Mortdagor:hereunder, the Mort~goe
agrees to pay to the M on demand ss s reasonable monthly rental for the premises ari amount at least
equivalent to one-twelfth ( 4) d the ag~egate of the twelve monthly installments payabb in thetthea earnest
~ year p3us the actual amount d the annual ta~oea, aaeeeaments, water rates, and insurance p~renuume or such year
! hot covered b7 the ataresaid monthly payments. .
10. Ia the event d say breach d this mortgage or default on the part of the MortgAgor~ or in the event that
any of said sums of money herein referred to be not promptly and sully paid according to the tenor hereof, or in the
~ event that each sad every the stipulations, agreements, conditions, and ooveaaats d said note and this mortgage,
~ are noR may, WomptiY, and Performed; then in either or any such event, the said aggn~,ate cum mentioned
is said note then remaining unpaid, with inter~eat accrued to that time, sad all moneys secured hereby, shall.
due and payable forthwith, ere thereafter, at the option of acid Mortgagee, ss fully and completely°as ~1 'the
acid sums d money .wen ory¢nally stipulated to be paid on aueh day, anything in said note or in this mortgage to
the contrary notwithstanding; sad thereupon or thereafter, at the option d said Mortgagee, without notice oe
demand, suit at law or in equity, may be prosecuted as it all moneys secured hereby had matured prior to its institu-
tion. The Mo may foreclose this mortgage, as to the :mo~mt so declared due sad .payable, sad the acid
prem~a shall ~to sandy and pay the same together wlth costa, expeaats, and ailowaaoes. In case of partial
foreclosure of this mortgage, the mortgaged premises shall be sold subject to the continuing 4ea of this mortgage
for the amount d the debt not then due and unpaid. In aueh arse the provisions d this paragraph may again bs
availed d thereafter !rom tame to time by the Mortgagee.
11. No waiver d say covenant herein or d the obligation sccurpd hereby shall at any-time thereafter be held
to be a wart d the terms tiered. or d the note secured hereby.
t~. Tbs lies d this inatrumeat shall remain in full force and eBeet during aaY postponement or euctension d
the time d payment d the indebtedaas err any part thereat secured ber~eby.
13. If the Mortgagor default In air d the oovenaats or agreements contained herein, or in said note, then the
Mortgagee may Perform the same, end all eocpendituns (including reasonable attorney's fees) made by the Mortgages
in so do' ah drew interrat st the rats provided for in the principal indebtedness, and shall be repayable
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y~(~d~ys after demand, and, together with interest and costs accrued thereon, shall be secured by
14. Upon the regnest of the Mortgagee the Mortgagor shall execute and deliver a supplemental note or
• notes fort sum or sums advanced by a Mortgagee for the alteration, modernization, improvement, main-
tenance, or repair of said premises, for taxes or ss~essmenta sgaiast the same and for say other purpose autharL
feed hereunder. Said note or notes shall be secured hereby on a parity with and as fully as ~f the advance
evidenced thereby were included in the note first described above. Said supplemental note or notes shall bear
interest at the rate provided for in the principal indebtedness and shall be ppasyable in aappproximately equal
monthly pa refs for sucL period Y may be agreed upon by the creditor and debtor. Fai!mg to agree on the
maturity, the whole of tLa sum or sums so advanced shall be due and payable thirty (30) day~_ after demand
by the a~editor. In no event shall the maturity axtead beyond the ultimata maturity of the Hate first
describsdabove. ~ Pl~~ P1tGF~8