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tendse to the 'l[ortgape iu wetye tlre?aM~M!~!Alr o[ the note eseeered hereby, toll payment of the
eatiro iadebted~esss npresse?tad tber?b .4te Del i!! trustee. shat!, b? computing the iunount of such
i~dsbted credit a the aa~~ M an credit balance remaining under the provisions of (a)
of said ~ s. 1[ there shall be a defunder any of the provisions of this rnortgs~e resulting in a
public saM peesnisee ct?ver+ed hereby, or if the ltortsageee segeuees the property otleerwrse after default.
t6s Mort~ee, r trertee, shall y. at 1Jee trans of the rat of such *rooeedi~s or at the time
the property is otherwise soquired arneernt tlesre wnainite~t w crddit oI Mort~sgor under (a) of pangraph_ ~
pe+eosdmg ss a esedit oa the interest aeerned sni unpaid and the balareee to the peeocipsl then remaining uapnd
on acid aeM. - .
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6. He wiY peewit, commit, or serfier m waste, irpaieasat, or detesioratioa of said pe~operfy drb~ tber~
emapt reasoasbis wear asd t~ear• and is tbs event of the fa d ties D[oetgagoe~ to teep tise oa
premises and those to be eseetie~ a ss3d premises, er im~rrsseats tlereos, ins good repair ties Moctp6ea may
mabs suds repaies ss is its d~metfaa it sssy deem aeoessary for t6s pprr presurvatioa and ttis full aneoemt
of ends and ererlr rude payment ahaH be due cat pyabis ttitrt, (a0j ~dsys after ds¦oatai, si+sll be secured 6p?
the tiro of thi roortg~a.
~ He wilt pay sII cad singular tits costs, and saspeoses. =esoonabis tawrec's tees, cad costs
of abstracts ai title, iacnrred cr paid at a~? timel~artpges beearrse of the failure oa the part d the M tg~or
promptly and fu1~r to preform the agremnenb cad eoveaaats o[ said prooiseoey cote cad this moe~~q, and said
oasts, charges, r?ad eacpeases shall bs imasediate~y due cad psyabb and shall bs secured b7? the lissl at this matga~a.
Re wiII oontinuousfi? maintain haurd insnranoe, of such fps os: and amonnta as Mortgages may
fi+om liar to time requ~ Q4t~y?
t~he iaprovements now oar Lereaiter oa and -~r~maes~ and except when payment
for all such premiums bas t>ha~etsf~o~t+e been made under ~(a of paragraph ~ bereoi hs will pay promp~y w~
due any prenuums thorefor. All insurance shall bs dsrrisd in oompanus appro~ by M~ cad the po .
- ties and renewals therooi shall bs held by Mortgagee and have attached thereto loss payable
clauses in favor of
and in form aoceptab1s to the M In event of toes he will give immediate notice by mail to Mortgages,.
cad Mwrtgagee may mate ps+ooforo~ if not made promptly by Mortgsgorj and each iasw:aoe oompagy
ooneerned es hereb sutborised cad directed to mate payment for such tons du~ec to M instead of
to Mortgagor and Mortgages)'ointl~, and the insuraa~oe prooeeda, or aqy part theree~ may beo~ap'edby Mortr
gages at its option either to the reduction of the indebtedness hereby secured or to the restontioa or repair of
tLe pmpertj dammed. Ip event of foredosure ai this mortgage, or other transfer of title to the mortgaged
property rn extinguesbmerit~oi the indebtedness secured hereby, right, title, and interest of the Mortgagor
m and to any insunaoe policies then in force shall pass to g!r+chaser os grantee.
8. ~ II the ppremises, or any part thereof, be condeu~ned under the power of eruinent domain, or acquired for
a public use, the damages awarcieci, the proceeds for the takingg of, or the consideration for such acquisition, to
tl~e extent of the full s~uount of tl~e remaining unpaid indebtedness secured by this uiongsge, arc 1?ereb~•
assigned to the Mortgagee, and tits tieus or asa~g~is, anti strati be paid fonhwitl~ to said Mortgagee or hex
ass~gr~ec to be applied on account of the last maturn~g iustallu~ents of sucL indebtednem; provided, however,
the :4lortg~e or his asai~nee, may at his discrntion pay direct to the 1Vlottgagor, ltis heirs or assigns any part
or all of such awani; provided, that if the loan is guaranteed or insured, the consent of tl~e guarantor or insurer
is obtained in advance of said payment.
9. The Mortgagee may, at any time pending a suit upon this mortgage, aPPl3? ~ the court having jtuion
thereof for the appointment of a receiver, end auc6 court shall forthwith appoint a receiver of the premises covered
hereby all and singular, including all end singular the iaeome, profits, issues, and reveauea fry whatever source
derived, each and every of which, it being expreealy understood, is herby mortgaged as if specifically set forth and
described in the granting and habendum clauses hereof. Such appowtmeat shall be made by such court as as admitted
equity and s matter of absolute right to said Mortgagee, cad without reference to the adequacy or inadequacy of
the value of the property mortgaged or to the solvency or insolvency of said Mortgagor or the defendants. Such
'i rents, profits, income, issues,. and revenues shall lse apppplied by such receiver according to the lkn of this mortgage
and the practice of such court. In the event of any default oa the of the Mortgagor hereunder, the M
agrees to pay to the M on damaad sa a reasonable monty renal for the premises an amount
{ equivalent to ono-tweUthor (~j of the alto of the twelve montlily installments payable in the then correct
~ Y~ P~ the actual amount of the annual taxes, assessments, water nt~es„ and insuraaoe premiums for such year
not covered by the doreeaid monthly payments.
10. In the event of any b*~each of this mortgage or default on the part of the Mortgagor, or is the event that
i any of said sums of money herein referred to be not promptly and fully paid acxording to the tenor hereof, or in the
event that each and every the stipulations, agr+eementa, conditions, cad aoveaants of said note and this mortgage,
are not duly, Pr~PVY, and fully performed; then in either or any such event, the said aggregate cum mentioned
in said note then remaining unpaid, with interest accrued to that time, and all moneys sewred hereby, shall become
due and payable forthwith, or thereafter at the option of acid Mortgagee, as fully and completely as if all of the
said sums of money were originally atipu~ated to be paid on ouch daY, ~Y~n6 in said note or in this mortgage to
the contrary notwithstanding; cad thereupon or thereafter, at the option of said Mortgagee, without notice or
demand, suit at law or in equity, may be prosecuted as if all moneys secured hereby had matured prior to its institu-
tion. The Mortgagee may foreclose thin mortgage, as to the amount so declared due cad payable, and the said
premises shall be sold to aatisfq and pay the name together with .costs, expenses, and aUowanoes. In a~ae of partial
foreclosure of this mortgage, the mortgaged premises shall be bold' subject to the continuing lien of this mortgage
for the amount of the debt not then due end unpaid. In such ease the provisions of this paragraph may ageun be
availed of thereafter from time to time by the Mortgagee. .
11. No waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be held
to be a waiver of the terms hereof or of the note secured hereby.
l2. The lien of this instrument ehaD remain in full force and effect during any postponement or extension of
the time of payment of the indebtednes or say part thereof secured hereby.
13. If the Mortgagor default in any of the covenants or agr+eemmts contained herein, or in said note, then the
Mortgagee may perform the same, and all expenditures (including naaoaable attorney's fees) made by the Mort6aa<es
in so do' shall draw interest at the me pprnvided for in the principal indebtedness, and shall be repayable
thirty days after demand, and, togeWer with interest and costs 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 !or the sum or sums advanced by the Mortgagee for the alteration, modernization, improvement, main-
tenants, or repair of acid premises, for taxes or assessments against the same and for nay other purpose author-
ized hereunder. Said note or notes shall be secured hereby on a parity with and as fully as d the advance
evidenced thereby were included in the note first described above. Said supplemental note or notes shall bear
interest at the rite provided for in the principal indebtedness end shall be ayable in proximately equal
monthly payments !or such period ss may be agreed upon by the creditor end debtor. Fa to agree on the
maturity, the whole of the cum or sums so advanced shall be due and payable thirty (30) days after demand
by the creditor. In no event shall the maturity extend beyond the ultimate rnatwity of the note Hrst
described above.
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