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d. To permit, commit or suffer no waste. impairment or deterioration of said property or any part thereof.
S. To pay all and singular the costs, charges and expenses, including reasonable lawyer s fees and cost of abstracts of
title. incurred or paid at any time by said Mortgagee because and/or in the event of the failure on the part of the said
Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and
every the stipulations, agreements, conditions and covenants of said promissory note, and this mortgage, any or either, and
said costs, charges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, de-
mand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the
date thereof until paid at the rate of ten per centum per annum; and all said costs, charges and expenses so incurred or paid,
together with such interest, shall be secured by the lien of this mortgage.
6. That (a) in the event of any breach of this mortgage or default on the part of the Mortgagor, or (b) in the event any of said
sums of money herein referred to be not promptly and fully paid within ten days next after the same severally become due and
payable, without demand or notice, or (c) in the event each and every the stipulation, agreements, conditions and covenants of said
promissory note and this mortgage, any or either,are not duly, promptly and fully performed, discharges, executed, effected, i
completed, complied with and abided by, then, in either or any such event, the said aggregate sum mentioned in said promissory
note then remaining unpaid, with interest accrued and all moneys secured hereby, shall become due and payable forthwith, or
thereafter, at the option of said Mortgagee, as fully and completely as if all of the said sums of money were originally stipulated to be
paid on such day, anything in said promissory note, and/or in this mortgage to the contrary notwithstanding; and thereupon or
thereafter at the option of said Mortgagee, without notice or demand, suit at law or inequity, theretofore, or thereafter begun,
may be prosecuted as if all moneys secured hereby had matured prior to its institution.
7. That in the event that at the beginning of or at any time pending any suit upon chic mortgage, or to foreclose it,
or to reform it, and/or to enforce payment of any claims hereunder, said Mortgagee shall.apply to the court having jurisdiction
thereof for the appointment of a Receiver, such court shall forthwith appoint a Receiver of said mortgaged property all and
singular, including all and singular the rents, income, profits, issues and revenues from whatever source 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 clauses hereof, and such Receiver shall have all the broad acid effective functions and powers in anywise entrusted by a
court to a Receiver, and such appointment shall 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 co the solvenq• or ~
insolvency of said Mortgagor and/or of the defendants, and that such rents, profits, income, issues and revenues shall be applied by
such Receiver according to the lien and/or equity of said Mortgagee and ehe practice of such court.
8. In the event the jurisdiction of the U.S: District Court shall be invoked by or against the 111orrgagor under any of {
the provisions of the Federal Bankruptcy Act, such action, whether voluntary or involuntary on the part of the Mortgagor,
shall automatically, without notice, accelerate the maturity of all sums of money herein described and secured and the same
shall=thereupon become due and payable forthwith as fully as if the said aggregate sums of mangy were originally stipulated
to be paid on such date.
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9. To deliver to said Mortgagee on or before Illarch 1 S th of each year, tax receipts evidencing the payment of ail lawfuil}• ~
imposed taxes for the preceding calendar year, and to deliver to said Mortgagee, receipts evidencing the payment of all liens
for public improvements within ninety (90) days after the same shall become due and payable, and to pay or discharge within
ninety (90) days after due date, any and all governmental levies that may be made on the mortgaged property, on this Martgage
or Note, or in any other way resulting from the Mortgage indebtedness secured by this 11lortgage; and if this condition be not
complied with and performed, said Mortgagee may pay suchsum or sums which shall become part of the debt secured by this Mort- t
complied with and performed, said Mortgagee may pay such sum or sums which shall become part of the debt secured bythis 111ort-
.gageand shall bear interest at the default rate provided in said Promissory Note payable monthly until paid or said Mortgagee may
elect that said Mortgage debt thereupon become due and payable forthwith.
10. If all or any part of the property or an interest therein is sold or transferred by Afortgagagor without Mortgagee s
prior written consent, excluding (a) the creation of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a
purchase money security interest for household appliances, (c) a transfer by devise or descent, or by operation of law upon the
death ofa joint tenant, or (d) thegrant of any leasehold interest of three years or less not containing an option to purchase, I?Iortga-
gee may, ac its option, declare all the sums secured by this Mortgage to be immediately due and payable, Mortgagee shall have
waived such option to accelerate if, prior to the sale or transfer, Mortgagee and the person to whom the property is to be sold
or transferred reach agreement in writing that the credit ofsuch person is satisfactory to Mortgagee and chat the interest payable on
the sums secured by this mortgage shall be at such rate as Mortgagee shall request.
11. That in the event the premises hereby mortgaged, or any part thereof, shat) be.condemned and taken for public use
under the power of eminent domain, the 1liortgagee shall have the right to demand that all damages awarded far the taking of or
damages to said premises shad be paid to the 1ortgagee up to the amount then unpaid on this Mortgage and at the option of the
Mortgagee may be applied upon the payments last payable thereon.
12. The 1ltortgagor binds himself not to erect or permit to be erected any nea• buildings on the premises herein mortgaged
or to add to or permit to be added to any of the existing improvements thereon or make any changes or alterations in said
improvements which materially change the same or the use thereof, without thewrittrn consent of the Atartgagee, and in the event
of any violation or attempt to violate this stipulation, this Mortgage and all sums secured hereby shall immediately became due and
collectible at the option of the Mortgagee.
. 13. It is specifically agreed that time is of the essence of this Mortgage and that no waiver of am obligation hereunder or of
the obligation secured hereby shall at any time be held to be a waiver of the terms hereof or of the instrument secured herrbv.
14. If foreclosure proceedings of any second mortgage orsecond trust deed orany junior lien ofam kind should hr instituted
the Mortgagee may, at its option, immediately or thereafter declare this bfortgagr and the indebtedness secured hereby due and
payable forthwith, and may at its 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 Mortgagrr
is hereby subrogated to the lien or liens and to the rights of the owners and holders thereof afeach and even mortgage lien or other
encumbrance on the land described herein which is paid and/or satisfied in whole or in part out of the proceeds of the loan des-
cribedherein oroecured hereby and the respective liens of said blortRages, liens or other encumbrances shall be and the samr:tnd
each ofthem hereby is preserved and shall pass to and be held by the Mortgagee herein as security for the indebtedness to the
Mortgagee herein described or hereby secured, to the same extent that it would have been preserved and would have hero passed
to and been held by the Mortgagee had it been duly and regularly assigned, transferred, set cn•er and delivered unto the Mortgagrr
by separate deed of assignment notwithstanding the fact that the same may be satisfied and cancelled of regard. it bring the
intention of the parties hereto that the same will he satisfied and cancelled of record by the holders thereof at or about the
time of the recording of this hlortgagr.
~~~K 329 PAGE 1925