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4. To permit; comma or suffer ao waste. impaiameat or detedoratioa of said property or any part thereof,
S. To pay all and ainau4r the costs, chsrgea sed expenses, including reasonable 4wyer'a fees gad cost of abstracts of
dtle. iacuturnd or paid at say dau by. said Mor~e~ee because and/or !a the event .of ebe failure oa the part of the said
lorgagor m duly. prorapdy and fully perfona. discharge. execute, effect, complete, comply Frith and abide by each and
every the atipu4tioaa, asreeaaeap. condidoaa and covenants o[ said praainory note, sad this mortgage, any or dther, and
said cosh, charges and e:parses, each and every, shall be ia~tnedLtelr due and payable, whether or not these be nodce, de-
maad,.attempt to collect orsuit pending; sad the full amour's of each and every such payment aba11 bear interest from the
date thereof uad! paid at the rate of tea per centum per annum; sad all said costs, clrarga and expenses ao incurred or paid,
tosether with such intecat, :stall be secured by the Uea of thb mortgage
6. That (s) is the event of any breath of this mortsaae or default oa the part of the Mongagor, or (b) is the event any of said
soma money herds referred to be not proaspdy sad fully paid within tea days next after the same aevenlly become due and
payable, without demand or aottce, or (c) in the event each sad every the sdpulation, agreements'. coadidotw and covenants of said
pronri:sory rota arcd fhb mortgage, gar or eitherare not duty, promptly sand fully performed, discharged, executed effected.
oompisted, .cowptieo.wiiirsadsawed try. ifaew w d:::..:.:.-q »t» ~»t.'!`s ~ •~o*t0:te sue~n meatiouea iu a.;d promtssor~r ' ~
- note rhea remairritra ttapaid, with interest tccrued, sad all moneys secured hereby, shall become due aed paysbk forthwith. or
thereafter, tt the option ofaaid l[ortgagee, as fully gad completelyas if
ap of the said wrru of money were orIgltrally stipulated co be
paid oa such day, anything ila said protniaory note. and/or iA this mortgage to the contrary noewithsautding: gad drereupoa or
thereafter at the optlm? of said Mortgagee. without notice or demand, suit st law or is equity, theretofore, or thereafter begun,
may be prosecuted as iE sIl nwaeya secured hereby had matured prior to its institudoa.
7. That is the event that at the begianitrg of or at nay time pending arty suit upon this mortgage, or to foreclose it,
or to reform it, and/or to enforce payment of nay claiaos hereunder, said Mortgagee shalt apply to the court having jurisdiction
thereof for the appointment of a Receiver, such court strati forthwith appoint a Receiver of said mortgaged ptopecty ill and
singular. intruding all gad siogv4r fire teats. Income; profltsy, issues gad revenues from whatever source derived, each and every
of whitb, it being expressly uadetstood, b hereby awrtgsged u if speciflally sec forth gad described is the granting and
lrsbendum clauses hereof, gad such Receiver shall have all the broad tad eRective functions gad powers in anywise entrusted by a .
court m t Receiver, and such appointment shall be made by such court a: m admitted equity and s matter of absolute right to said
Mortgagee, sad without reference to the adequacy or inadequacy ofthe value of the property mortgaged or to the solvency or
insolvency of said Mortgagor tad/or of the defendants, gad that such rents, profits, income, issues gad revenues shall be applied by
such Receiver ucordLrg to the lien and/or equity of still Mortgagee and the practice of such court
e. In the event the ju:iadicdon of the U.S. District Court shall be invoked by ar against the bortgagor under any of
the proridoa~ of the Federal Bankruptcy Act, such acdon, whether voluntary or involuntary on the .part of the Mortgagor,
shall automsdcslly, without notice, atcelente the maturity of sl! sums of money herein described aril secured std the same
shall thereupon become due and payable forthwith as fully as if the said aggregate sum. s of money were originally atipulatcd
to be paid on such data
9. To deliver to said Mortgagee on or before March I S th of each year, tax receipts evidencing the payment of all lawfully
imposed taxes for the preceding aletrdsr year, and to deliver to said Mortgagee, receipts evidendng the payment of all Bens
for public improvements within ninety (90) days after the name shall become due and payable, and to pay or discharge within
trineq (90) days after due date, any and all governmentst levies that maybe made on the mortgaged property, on this Mortgage
or Note. of Ia nay other way resulting from the Mortgage iadebtedt>ess secured by this Mortgsgr, and if this condition be not
complied with gad performed, said Mortgagee mty pay suchwm or sutras which shall become part of the debt secured by this Mort-
rnmpliedwith gall pedormed,said Mortgagee may pay such sum or sums which shall become part of the debt secured by this Mort
.gage gad shad bear interest at the default rate provided in said Promissory Note payablr monthly until paid or said Mortgagee may
elect that said Mortgage debt thereupon become due and payable forthwith
10. If ail or any part of the property or an taterat therein b sold or traruferred by Mortgagagor without Mortgagee's
prior written consent, sxcruding (a) the creadon of a lien or encumbnace subordinate to this Mortgage, (b) the creation of a
- .purchase money security interest for household appWaces, (c) a trtrrsfer by devise or descent, or by operation of law upon the
death of a joint recant, or (d) the grant of tray leasehold interest of three yeah or less not coatainitrg to option to purchase, Mortga-
. gee array.:t ib option, dedue all the rotas secured by fhb Mortgage to be immediately due and payable, Mortgagee shall have
waived such option to accdente if, prior to the sale or tender, Mortgagee and the person co whom the property b to be sold
or transferred reach agreement is wilting that the credit of such person is satbfutory to Mortgagee and that the Ltterest payable on
the sutra secured by this mortgage shall be at such rate as Mortgagee shall request.
i 1. That in the event the premises hereby mortgaged, or nay part thereof, shall be condemned and liken for public use
under the power of eminent domain, the Mortgagee shall have the right to demand that alt damages awarded for the taking of or
damages to:sid premises shall lx paid to the Mortgagee up to the amount then unpaid on this Mortgage and at the option o(the
Mortgagee may be applied upon the payments last payable thereon.
I Z. 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 snake any changes or attentions in uad
` improvements ~rhich materially chtnge the same or the use thereof, without the written consent ofthe Llortgagee, and in the event
of any vio4tion or tttempt to violate this atipulacion, this Mortgage and all sums secured hereby shall immediatelybecome due and
collectible at the option crf the Mortgagee. _
13. It b specifically agreed that time is of the essence of this Mortgage and that no waiver of any obligation hereunder or of
the obligation secured hereby shall at any dme be held to be t 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 rmy, at its option, immediately or thereafter declare this Mortgage and the indebtedness secured hereby due and
payable forthwith. gad may at is 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 lien or lieru and to the rights of the owners gad holders thereof of each and every mortgage lien or other
encumbrance on the land described herein which is paid and/or satisfied is whole or in part out of the proceeds of the loan des-
cdbed herein or secured hereby and tlx respective liens of said Mortgages, liens or other encumbrances shall be and the same and
each ofthem hereby is preserved and shall pass to attd be held by the Mortgagee herein as security for the indebtedness to the
Mortgagee herein described or hereby secured, to the same ezceat that it would have been preserved and would have been passed
to and been heW by the Mortgagee had it been duty and regularly assigned, transferred set over and delivered unto the A~ortgagee
by sepente deed of assignment notwithstanding the fact that the same may be satisfied and cancelled of record, it being the
intention 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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