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tender to the Mortgagee in ace:.. .Sore with the provisions of the note see .:d hereb~•, full pa~•n?ent of the
entire indebtedness represented thetebv, the Mortgagee, as trustee, shall, in computing the amount of such
inclebtedneas, credit to the account of tj+e Mortgagor any rredit balance remaining under the provisions of (a)
of acid paragraph 2. 1f there sl+all be a default under any of the provisions of this mortgage resulting in a
public sale of the premtses covered hereby, or it the Mortgagee acyu+rea the property otherwrse aftertlefault,
the Mortgagee, as trustee, sl+all apply, at the time of the cotntnencetnent of such proceedings or at tl+e time
the property w otherwise acquired, the amount then remaining~ to credit of Mortgagor under (a) of paragraph 2
preceding as a rredit un the interest accrued and unpaid and t),e balance to the prrnctpal tl?en rnu+aimng unpatd
on said note. ,
4. He will pay all taxes, attaeetmneats, water rates, and other governmental or municipal charges, fines. os
impositions, for which provision has not been made hereinbefore, and in default thereof the Mortgagee may pay the .
same; and that he will promptly deliver the o8icial receipts 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 buildings on eaic~
premises and thaee to be erected on said premiaet;, or improvements thereon, in good repair, the Mortgagee may
make such repairs ss in its discretion it may deem neceeaary for the proper ptescrvstion thereof, and the full amount
o[ each and every ouch payment shall be due and payable thirty (30) days after demand, sad shall be secured by ,
the lien of this mortgage. ,
6. He wiU pay all and singular thb' oostp, c~~r~, and expenses, including reasonable lawyer's fees, and costs
of abstracts of title, incurred or paid at any time by tie Mortgagee because of the failure on the part of the Mortgagor
promptly and fully to perform the agreements and covenants of said promissory note and this mortgage, and said
coats, charges, and expenses si+all be immediately due and payable and shall be secured by the lien of this mortgage.
7. He will continuously maintain hazard insurance, of such type or types and amounts as Mortgagee may
from time to time require, on the improvements now or hereafter on said premises, and accept when payment
for all such premiums. has theretofore been made under (a) .of paragraph 2 hereof, he will pay promptly when
due any premtums therefor. All insurance shall be carried m companies approved by 111ortgages and the poll-
cies and renewals thereof shall be held by Mortgagee and have attached thereto loss payable clauses in favor 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 of not made promptly by Mortgagor, and each insurance company
concerned is hereby authorized and duected to make payment for such loss duectly to Mortgagee instead of
to Mortgagor and Mortgagee ointly, and the insurance proceeds, or any part thereof, may be app 'ed by Mori
gages at its option either to tl~e reduction of 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 rn extrngurshment of the indebtedness secured hereby, all nght, title, and interest of the Mortgagor
in and to any insurance policies then in force shall pass to the purchaser or grantee.
R. If the prrn,ises, or un~' part then•of, Ix• eonden,nrd under the power of en+inent don,u+n, or acquired for
a public use, the dan,aKes aH•ardrd, the proceeds for the takink oi, or the consideration for such uc•yu+s+tton, to
the estrt?t of the full u+nount of the remaininK w?paid indebtedness srrured h~- this niortKaKe, are hrrrb~-
ussikned to the ~tortKagre, and hip heirs ur a~eigas, and au+ll ln• pui<1 forthwith to said ~torigager or hit
assiKnee to be applied on ar+•ount of the last n+aturu+~ installnu•nts of such indebtedness; prc?~•idrd, hoerver,
the ~1ortKaKer or hu assiKnee, n+a~• at his di~crctiou pub- direct to the ~tortl;af?or, his heirs or ucsiKns am part
ur ail of such aware{; pruvidrd, that if the lour u t;uarunterd ur insured, the consent of the guarantor or insurer
is obtained in advance of said pa~•n+ent.
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 source
derived, each and every of which, it being expressly understood, is hereby mortgaged sa if specifically set forth and
described in the granting and habendum clauses hereof. 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 to the solvency or insolvency of said Mortgagor or t!+e 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 ss a reasonable monthly rental for the premises an amount at least
equivalent to one-twelfth (yf 2) of the aggregate of the twelve monthly installments payable in the then current .
year plus the actual amount of the annual taxes, assessment8, water rates, and insurance premiums for such year
not covered by the aforesaid monthly payments.
~ 10. In the event of any beach of this mortgage or default on the part of the Mortgagor; 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,
` are 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 al! moneys secured hereby, shall become
~ due and payable forthwith, or thereafter, at the option of said Mortgagee, as fully and completely sa if all of the
s said sums of money were originally stipulated to be paid on such day, anything in said note or in this mortgage to
the contrary notwithstanding; and thereupon or thereafter, at the option of said Mortgagee, without notice ~r
f 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 this mortgage, as to the amount eo declared due and payable, and the said
i premises shall be sold to satisfy and-pay the same together with costs, expenses, and allowances. In case of partial
~ foreclosure of this mortgage, the mortgaged premises shall be sold subject w the continuing lien of this mortgage
• for the amount 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.
t
i l . No waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be held
r to be a waiver of the terms hereof or of the note secured hereby.
12. The lien of this instrument shall remain in full force and e$ect during any postponement or extension of
the time of payment of the indebtedneae or any part thereof secured hereby.
l:i. 1f the Mortgagor default in any of the covenants or agreements contained herein, or in said note, then the
Mortgagee rosy perform the acme, and all expenditures (including reasonable attorney's fees) made by the Mortgagee
( in so doing shall draw interest at the rate provided for in the principal indebtedness, and shall be repayable
thirty (30) days after demand, and, together with interest and costs accrued thereon, si+all be secured by
~ this mortgage.
~ 14. U~°n the request of the Mortgagee the 1Ltortgagor shall execute and deliver a supplemental note or
t notes for the sum or stuns advanced by the Mortgagee for the alteration, modernization, improvement, main-
i tenance, or repair of said premises, for taxes or assessments against the same and for any other purpose author-
ized hereunder. Said note or notes shall be secured hereby on a parity with and as fully as the advance
evidenced thereby were included in the note first described above. Said st+pplemental note or notes shall bear
interest at the rate provided for in the principal indebtedness and shall be payable in approximately equal
monthly pa menu for such period as may be agreed upon by the creditor and debWr. Failing to agree on the
maturity, the whole of the sum 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 niaturrty o! the note first ,
described above. e~
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