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6. If any of the sums of money herein referred to be not ~
promptly and fully paid within thirty (30) days next after the save severally
become due and payable, or if each and every the stipulations, agreements, ~ 1
conditions and covenants of said Promissory Note and~this Mortgage, or either,
are not duly performed, complied with and abided by, the aggregate sum men-
tioned in said Promissory Note shall become due and payable forthwith, or
thereafter at the option of the Mortgagee, as fully and completely as if said
aggregate sum of money was originally stipulated to be paid on such day,
anything in said Promissory Note or herein to the contrary notwithstanding.
7. To deliver to said Mortgagee, on or before March 15th of each
year tax receipts evidencing the payment of all lawfully iwposed taxes for
the preceding calendar year, 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 Mortgage or Note, or in any other ~
way resulting from the Mortgage indebtedness secured by this Mortgage; and
if this condition be not complied with and performed, said Mortgagee may pay
such sum or sums which shall become part of the debt secured by this Mortgage,
and shall bear interest at the same rate as the principal indebtedness, pay-
able semi-annually until paid, or said Mortgagee may elect that said
Mortgage debt thereupon become due and payable forthwith.
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i 8. It is further covenanted and agreed by said parties that in
the event of a suit being instituted to foreclose this Mortgage, the ;
Mortgagee shall be entitled to apply at any time pending such foreclosure
suit to the Court having jurisdiction thereof for the appointment of a
Receiver of all and singular the mortgaged property, and all of the rents,
~ incomes, profits, issues and revenues thereof, from whatsoever source derived;
and thereupon it is hereby expressly covenanted and agreed that the Court
shall forthwith appoint a Receiver of said mortgaged property; all and
singular, and of such rents, incomes, profits, issues and revenue thereof, ~
from whatsoever source derived, with the usual powers and duties of
~ receivers in like cases; and such appointment shall be made by such Court as
` a matter of strict right to the Mortgagee, its successors, legal represen- ,
tatives or assigns, and without reference to the adequacy or inadequacy of
j the value of the property hereby mortgaged or to the. solvency or insolvency ~
of the Mortgagor(s), and that such rent, profits, income, issues and
revenues shall be applied by such receiver to the payment of the mortgage
indebtedness, costs and charges, according to the order of such Court.
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I 9. The premises shall not be conveyed by the Mortgagor(s) during
t the term of the Mortgage, nor any part thereof, without the written consent
of the Mortgagee. No such conveyance shall be made without assumption in
regular form of law by the Grantee of .the obligation to the Mortgagee
~ created by said Promissory Note and this Mortgage. Should either of the.
foregoing occur, then in that event and at the option of the Mortgagee,
and without notice, all sums of money secured hereby shall immediately and
concurrently with such conveyance become due and payable and in default.
` 10. That in the event the premises hereby mortgaged, or any part
F ~ thereof, shall be condemned and taken for public use under the power of
eminent domain, the Mortgagee shall have ~tk~e right to demand that all ,
damages awarded for the taking of, or damages to said premises, shall be
paid to the Mortgagee, 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.
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