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tender to the Mortgagee in accordnnce with th{~ `w' ions of the note secured hernby, fuU payn[ent of the
entire indebtedness represented thereby, the Mon~g~e, as trustee, shall, in computing the amount of such
indebtedness, credit to the account of tLe Mortgagor say credit balance remaining under the provisions of (a)
of said paragraph 2. !f there shall be a default under any of the provisions of this u?ortga~e resulting in a
public sale of the premises covered hereby, or it the Mortgagee acgwres the property otherwise after default,
the biorcgagee, as trustee, shall apply, at the tune of the conunencement of such proceedings or at the time
the property is otherwise acquired, the amount then ref:?ainingg to credit of Mortgagor under (a) of paragraph 2
preceding as a credit on the interest accrued and unpaid and tl?e balance to tl?e principal ti?en re[aining unpaid
on said note.
4. He will pay all taxes, assessments, water rates, and other governmental or mutnicipal charges„ fines. or
impositions, for which provision has not bees made heteinbefose, and in default thereof the Mortgagee may pay the
flame; and that he will promptly deliver the o8icial receip4? therefor to the Mortgagee.
5. He will permit, commit, or suffer no waste, impairment, or deterioration of said property or any part thereof,
except reasonable wear and tear; and in the event of the failure of the Mortgagor to keep the bwldinge on said
premises and those to be erected on said premises, or improvements thereon, in good repair the Mortgagee may
make such repairs as in it8 discretion it may deem net~seaty for the proper preservation thereon, and the full amount
of each and every such payment shall be due and payable thirty (30) days after detnaad, and shall. be secured by
the lien of this mortgage.
6. He will pay all and singular the costs, charges, and expenses, including reasonable lawyer's fees, and costs
of abstracts of title, incurred or paid at any time by the Mortgagee because of the failure on the part of the Mortgagor
promptly and fully to perform the agreements sad covenants of said promissory note and this mortgage, and said
costs, charges, and expenses shall be immediately due and payable and shag be secured by the lien of this mortgage.
7. He will oontSnuously maintain hazard insurance, of such type or types and amounts as Mortgagee may
from time to time require, on the unpmvements now or hereafter on said premises, and except when payment
for all such premiums has theretofore been made under (a) of paragraph 2 hereof, he will pay promptlyy when
due any premiums therefor. Al! insurance shall be carved in companies approved by rortgagee and the poli-
cies and renewals thereof shall be held by Mortgagee and have attached thereto loss payable clauses in fasor of
and in form acceptable to the Mortgagee. In event of loss he will give immediate notice by mail to Mortgagee,
and :Mortgagee may make ,proof of loss if not made promptly by Mortgagor, and each insurance company
concerned is hereby authonzed and directed to make payment for such loss duectly to Mortgagee instead of
to Mortgagor and Mortgagee jointly, and the insurance proceeds, or anp part thereof, may be app 'ed by Mortr
gages at its option either to the reduction bf the indebtedness hereby secured or to the restoration or repair of
the property dammed. In event of foreclosure of this mortgage or other transfer of title to the mortgaged
property in extinguishment of the indebtedness secured hereby, ell nght, title, and interest of the Mortgagor
m and to any insurance policies then in force shall press to the purchaser or grantee.
R. If the prr?uis?•s, or un}- part Uu•rrof, lre• c•onde?nned under the power of c[uinent do?uaun, or acquired for
a public use, tl?e dan?ages awarded. the pra•e?•ds for the taking of, or the ronsidrrution for such acquisition, to
the extent of the full amount of the remaining unpaid indrbte~{nc:tis srrurc•d this nrortgaRe, are Lrrrb}•
assigned to tlu• LiortgaKee, Mill his hri?•~ or assigns, anal shall be paid forthwith to said ~lortgagrc or his
assignee to !x• applied on acrow?t of the laa n?atunn;: iustalluu•nts of such indebtedness; provided, however,
the~tilortgagec or his assiKner, n?a}• at his discretion pa}- dirc•c•t to the tiiortgngor, his lirirs or assigns am part
or all of such award; provided. that if the h,:u? is guaruntccd nr insured, the consent of the guarantor or insurer
is obtained in advance o[ said puyn?ent.
9. The Mortgagee may, at any time pending a suit upon this mortgage, apply to the court having jurisdiction
thereof for the appointment of a receiver, and 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 sowce
derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and
described in the granting and habendum clau_~es hereof. Such appointment shat! be made by such court as an admitted
equity and a matter of absolute right to said Mortgagee, and 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
rents, profits, income, issues, and revenues shall be applied by such receiver according to the lien of this mortgage
and the practice of such court. In the event of any default on the part of the Mortgagor hereunder, the Mortgagor
{ agrees to pay to the Mortgagee on demand as a reasonable monthly rental for the premises so amount at least
' equivalent to one-twelfth (tif Z) of the aggregate of the twelve monthly installmen~s payable is the then current
year plus the actual amount of the annual taxes, assessments, water rates, and insurance premiums for such year
not covered by the aforesaid monthly payments.
i 10. In the event of any beach of this mortgage or default on the part of the Mortgagors or in the event that
any of said sums of money herein referred to be not promptly and fully paid according to the tenor hereof, or in the
event that each and every the stipulations, agreements, conditions, and covenants of said note and this mortgage,
ate not duly, promptly, and fully performed; then in either or any such event, the said aggregate sum 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 1Vforigagee, as fully- zed ~ampletely as if all of the
said soma of money were originally stipulated to be paid on such day, anything in said note or :n this mortgage to
the contrary notwithstanding; and thereupon or thereafter, at the option of said 1Znrtgagee, without notice or
demand, suit at law or in equity, may be prosecuted as if all [-wneys secured hereby had matured prior to its institu-
Linn. The :tlortgagee may foreclose this mortgage, as to the amount ~ declared due and payable, and the said
premises shall be sold to satisfy and pay the same together with costs, expenses, and allowances. In case of partial
foreclosure of this mortgage, tfie mortgaged premise shall he sold subject to the continuing lien of this mortgage
for the amouat of the debt not then due and unpaid. In such case the provisions of this paragraph may again be
availed of thereafter from time to time by the Mortgagee.
I i. No waiver of any covenant herein or of the obligation secured hereby shbl) at any time thereafter be held
to be a waiver of the terms hereof or of the note secured hereby.
I'l. The lien of this instrument shall remain in full force and effect during soy frostponement or extension of
the time of payment of the indebtedness or any part thereof secured hereby.
l:t. If the Mortgagor default in any of the cosensat8 or agreements cnntaincd herein. or in said note, then the
Mortgagee may perform the same, and all expenditures (including reasonable attorney's fes•Ql made by the blortgaRee
in so doing shall draw interest at the rate provislcd for in the principal in,lPbtedn~s.+. and shall t?e mpayable
thirty (301 days alter demand, and, together with interest and costs accnu•cf ~f?,•~eoa, shall be secured by
this mortgage.
?4. llnon the request .,f the Mortgagee the Mortgagor shall a«cute and ~lr!!~c•.r a snnplrmentn! note or
notes for the sum or sums advanced try the Mortgagee (or the alteration. modrrmzalion, imprnvrmrr~t, main-
tenance, or repair of said premises, for taxPS or assessments against the came and for say other purpose author-
ized hereunder. Said note or notes shall be secured hereby on a parity with and ag fully as if the advance
evidenced thereby were included in the note first described above. Said s[[pplemental note or notes shall bear
interest at the rate provided for in the principal indebtedness and shall be arable in a proximately equal
monthly payments for such period as may be agreed upon b_y the creditor and debtor. Failing to Agree on the
maturity, the whole of the sum ar sums so advanced shall be due and pa}•able thirty (30) days after demand
by the creditor. In no event shall the matwity extend beyond the ultimate r.~aturity of tie note first
' described above.
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