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tender to the Mortgagee is "ot the sofa secur+ad hereby, full payment of the
entire indebtedness npeser?ted tee, shall, is o~raputirig the ;mount of weh
.~indebwdnsss. madit to the aoeouat of ortsagor gar eertdit ba4aes rsrnaiairig under tha pwisinoa Qt
of said ~nph ~t there shall be a detauTt under nay o[ the prorieiorr of this m resultu~ is a
public aknoT the pramisa covered hereby, oar it the Morf~si~ee scquua the p~+op~ty o~l~ after detwit,
the Moetg~ee, r tetrstee, shall apply, at tla time of the oaantenoemeat of such prooeedin~ or as the tints
the propsrtlr is otherwise aoquirad, the aa4ount than neito c~r+sdit of Mortgagor under (a) pf piinignp~h.9
op
~ing~a credit oa the iatmwt accrued and unpaid sad balan~+e .to the p~rtncipal then renuiaiaa unpat,d
B~ wW per ~aM taper, ~Y, wee Hies, and other ~o~stmstetsi ere ~idpsi shaeMs, ~ as
impositions, tar wlrie6 prorisioo has ant been made bsesiabdo~e, sad is dsta»K thse~eot 16a Moetpgee mf<1 P41? ~
ssso~; and that 6~ wW prompty? deliver the atgoial :eoeipts thsrstar to tba Marfppa,
A fie will permit, commit, or suQee ao waste, impairanean~ a dsterioeatioa of saW propeef~p ere t6ee+sc[
eroeept reasoaabk war sad tear sad m tbs meat of tbs taihrrs of the M to tbs bu~~ nip on said
p>emises sad those to be ereate~ oa said prmiises, a tltsi~eoo, Ia
good r
q
r the h[artgisges my?
mains sash rspsdrs as in its discretion it may deem asoersary for the_~ropee prsscn?atios< tla*eo~ and the tali asoouat
of a sad every sueh.pgeasent abaII be due sad pgabk tbJsty (ev) dqs att~ demand, sad shaD bs matted _by
tbs of i~ mort~tie.
a. He will pay a8 and dngiilar the costs, sad earpsosss, ressooabls l~wyer'a i sad scats
of sbstcaats at title, incurred or paid at nay time
E~ortpges beasuss opt tha tailnre oa the part a[ the
promptly sad tir~r to pmform tbs agroements and oovensats of said pr~ooviscoiy note sad t~bls said
~v, sad expenses shall be immediately due and payable and shall bs secured by the liea~mortgsgs.
7. Re wr~l oontinnotnb? aasintaia hasard insurance, of such fps or ~~p~s and amounts as Mortgagee may
from time to time requtre, oa the improremeats taw or hereafter oa acid - and esoept when payment
Ior all such premiums has theretofore been roads mdse (a ,at pangnFh hereof ~e will P4y press whoa
pt~
cies red re~ab t6~~. ~ by Mortgag sand Lames wed
tbto~bss~ ~
m fa
and in form aooeptable to the M Ia Brent of loss he will give immediate notpau~ys bymail to Mortgagee,
and Mortgagee rosy. make proofa~ oss if not made pcompt~ by Mortgagors and each ~asursnos company
concerned is heraby~ authorised and directed to make payment for such ktss dre+ect~ to Mo iastsd of
to Mort,.sgor sad Mortgage. 'eiatb, and the iosursaoe proceeds, or aq~ part theree .may be
arlt~~ b? M~
gages s~ eta option either, to t~ rroduction of the indebtedness hereby sse»rbd or to t`he restoration or repair of
tbe property dammed: In~ Brent of forecZosurs of this or otLar trsnoder of title to the mortgaged
~+operty m extuigurshment of the indebtedner secured ~ right, title, and interest of the Mortgagor
m and to nay insurance policies rhea is foe+os shall pass to the purchaser or grantee..
8. If the ppremises, or am part tliereot, be condeumed under the power of eminent doniam, or ac4uired (or
a public use, the damages awarded, the proc~ecls for file Laking of, or the consideration (or such acquisition, to
the extent of the full siiiount of the remaining unpaid indebtedness secured hr this mortgage, are lierebl'
assigned to the Mortgagee, and his Heirs or assigns, and shall be paid forthwith to said Mortgagee or his
assignee to be applied on account of the last iiiatuniig iiistaWiients of such indebtedness; pmviclpcl, However,
the i~iort~ee or his assignee, inay at his discretion pay divert to the 1~Iortgagor, his heirs or assigns any part
or all of such award; provided, that if the loan is guaranteed or insured, the torment of the guarantor or insurer
is obtained in advance o[ said pa~nient.
9. The Mortgagee may, a< any time pending a suit upon this mortgage, apply to the court having jurisdietioa
thereof for the sppointmeat of a receiver, and such court shall forthwith appoint a receiver of the premises covered
hereby all slid singular; including all sad dngular the income, profits, issues, and revenues fm®n whatever source
derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and
.rrw~irrer iw /ru w~w~in~ ~w.r i?~rrwd„ww wr~ts~a~ r,..~...r ss..~r. ~......iw~...e..~ ~1.~11 L-....L _ _ _ .a
0.~~~0 ~w ~.v.y V./ M.~.IP M~ V.aW W W ~ w0 W, O{,Lft66Rt
equity and a matter Of absolute right t0 said Mortgagee, an~without reference t0 the adequacy oc inadequacy of
Lim value of the property mortgaged or to file solvency or insolvency of said Mortgagor or the defendants. Such
rants, profits, income, issues, and revenues shall be by such receiver sooo~ding to the lien of this mortgage
and the paetioe of such court. In the event of any de#ault,oo tlia pmt of the Mostgaaor hereunder, the M
agrees to pay to the Mo oa demand sa a reasonable more
Itb
y rental for the premises an amount at
r equivalent to one-twellthr (j ei the a~e~t~ of the twehro moatWy installments payable in the then current
year plus the aeturil amount of the annual ts~oes, aeseeemeata, water rates, and inwraaoe premiums for such year
not covered by the aforesaid monthly payments.
E 10. Ia the event ct nay breach ~ this mortgage or defsnk oa the part of the Mortgagor, or in the event that
nay at said sums of money herein referred to be not promptly end fully paid aceord~ag to the tenor hereof, or in the
event that each and every the stipulations, agreements, conditions, and ooveasnts of said note and this mortgage,
are not duly, promptly, end fuUY performed; then in either or any such event, the said aggregate aims mentioned
in said note then remaining unpaid, with interest accrued to that time, and all moneys secured hereby, shall become
due and payable forthwith, or thereafter, at the option of said Mortgagee, as fully end completely as if all of the
Bald wens of money veers originally stipulated to be paid on such dsY, ~Y~~ in mid note m in this mwrtgage to
the contrary notwithstanding; sad thereupon or thereafter, at the option of said Mortgagee, without notice err
demand, suit at law or in equity, miry be pmeec»ted as if aU moneys secured herby had matured prior to its institu-
tion. The Mortgagee may foreclose this mortgage, as to the amount so decisred due sad payable, sad the said
pnm~a shall be sold to sandy and pay the same together wit4 ousts, expenses, and alloMraaas, In case of partSal
foreclosure of this mortgage, the mortgaged premises shall be soW wbjeet to the o~tinuing lien of thin mortgage
for the amount of the debt not then due end unpaid. In such case the provisions of this pangraph may agsin be
availed of thereafter from time tatime by the Mortgagee.
l l . No waiver of any covenant herein or of the obligation hereby shall at any tiacie thereafter be held
to be a waiter of the terms hereof err of the note secured hereby
l2. The lies of this instrument ehail remain in full force and eBect during nay postponement or extension of
the time ~ payment of the indebtedness or any past tbexeot scoured herby.
1:3. U the Mortgagor default is any of the covenants or agreements contained herein, or in said note, then the
Mortgagee may perform the same, and all expenditures (including rauronable attorney's fees) made by the Mortgages
in so do sh draw interest at the rate provided for in the principal indebtedness, sad shall be repayable
thirty days after demand, sad, together with interest and costa accrued thereon, shall be secured by
this mortgage.
14. 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 alteration, modernization, improvement, main-
tenance, or repair of said premises, for taxes or asEesaments against the same and for any other purpose author-
ized hereunder. Said note or notes shall be secured hereby on a parity with and ss fully as it the advance
evidenced thereby were included in the rota first described shove. Said supplemental rate or notes shall bear
interest at the rate provided for is the principal indebtedness u?d shall be payable in approximately equal
aanthly payaieats for such period as may be agreed upon by the creditor end debtor. Failing to agree on the
maturity, a whole of the sum or sums so advanced shall be due sad payable thirty (30) days after demand
by the creditor. Ia m Brent shall the maturity extend beyond the ultimate aaturity of the note first
described above.
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