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It is specif,cally agreed tMt t,rr-e is of tM essetKe of this mortgage and tMt no waiver of any Obligatioft Mreunder a of tM obJigatiar secwed hetttOY al+ell et any time thereafter be Mld ro be •waiwr of the Nrmt Mred a o1 the insuwnem sKwed Mnby. 12. ?o tM exIM1 of the indebtedness of tM Mortgagor to the Mortgagee described Mrein a wowed Mreby, the Mortgagee is Mreby strbrogend ro 1lte Wert a liens and to tM rights of tM owners and holden tMrepf of each and awry mestgage, lien a other sncumbrance on the property deuribed hereMt which is paid and/a Nhsfied, in whole a in part, out of tM poceeds of the loan deuribed Mrein a stowed Mreby, and the respKtiw liens of said ntort0eges, litM a aMr enctxnbancts, stole be and tM same and eKh of tMm Mreby is peserved and stole pass to and be told by tM Mortgagee herein N atcwity for ilia indebtedness ro tM Mortgagee Mrein deuribed a Mreby sKwed, to tM same extent tMt it would Mw been pestrved and would hew been psased ro and been Mhi by tM Mortgagee Md it been duly and regv4rly assigned, transferred, set over, and deliwrtd unto the Mesgagte by eeperaN deed of essigrtrrttot, notwithstanding tM fact tMt tM same may bt satisfied and cancelled of record, it being tM intention of tM parties Mreto that ten oewte will be wtisfied and cancelled of rKad by tM holders thereof at or about tM time of tM rKording of this Mortgage. 1~. Iw the event tl-at 1M Mortgagor atoll fail to f»y any of said sums of money Mnin referred to, a arty part thereof, at tM time when tM same awrelly become dw and payable, a in tM event tMt tM Mortgagor stole fail ro perform, comply with end abide by each and every tM stipulations, egreerttenes. conditions and covtnants of said pomissorry rate and this Mortgage, and such failwe atoll continw fa • period of thirty (30) days, thin and in either a eny such event, tM said agg.pan sum. principal and interest, mentioned in said promissory note. •nd alt monies secwed Mreby. stole becesrte due and payable forthwith, or thereafter, at tM option of said Mortgagee, withow demand a notice, as fully end completely as if all of tM said sums of many were originally stipulated to be paid on such day, anything in said promissory noN a in this Mortgage ro tM contrary notwithstanding; and thereupon a tMreaftsr, at tM option of said Mortgagee, withow none a demand, suit at 4w a in Awry theretofore or tMrafnr begun, may bt prwecwed as if all ntonies'secwed Mreby had tnatwed prig ro in institwien. lI. If tM Mortgagor stole Mw assigned a cause to bt assigned ro tM Mortgagee, now a MrtafNr, arty pdicy a policies of life inswance as additional col4ttral fa, a in cpnnection with, tM indebtedness Mreby secured and this Mortgage, tM Mortgagor agrees, a0 bng as any of said indebtedness atoll remain unpaid, -Mr M will, Iron time to rime, as and when tM same shall bKOme dw and payable end bsfon eny grKe period provided in said poky a pdiciea atoll Mw exp,rtd, pay tM premium upon said policy a pol;c;p of life inswance, end ohherwise keep said pdkies in full face and eHKt. And it is agreed and a condinon Mreot that should rM Mortgagor fail a neglect so to do, such default and ntgttct atoll be • breads of • conditan of this Mortgage and, at tM option of tM Mortgagee, stole accelerate this Mortgage and cause tM whole of the irtdtbtedness sKwed hereby to forthwith im- medately bKorrn dw and payable, togatlrtr with interest thereon, as though tM whole term thereof had run, and this Mortgage sMQ Nnnupon be subject ro imrnediete forKbtwe at tM option of tM Mortgagee. TM Mortgagee stole have tM right, at its option, to pay airy such premium a premiums, but such payment if made stole not constitwe •waiwr of any condition in this Mortgage a any option, lien, puny a right which tM Mortgagee may Mw undo. rM terms and conditions Mreof, and tM amount so paid shall be immediately dw and payable and atoll bear inMreat from tM daN thereof until paid at tM rate of nine peresnl (9%) per annum and together with such interest atoll bt sKwed by the lien of this mortgage. IS- WMn eny amount of money ro be paid by tM Mortgagor to tM Marpagee under tM terms hereof stole be in default, a should tM Mortgagor default in any of the other terms, provisions a condition of this Mortgage, then end in tMt case tM Mortgagee dtall Mw tM right, without notice to tM Mortgagor, to cotlKt and rKeiw from any tenant a lessee of said mortgaged premises tM rents, iuws and profits of tM real estate Mreby mortgaged and rM improvements thereon, and to give proper .Keipt and Kquinancts therefor, and after paying all commissions of any rental agent cdMcting tM same, art! any reesonabtt attorney's fees and other necessary expenses incwred in cdlettirg same, to apply the proceeds of such collections upon any indebtedrreu, obligation a liability, of eM Mortgagor Mrsunder. The right granted tM Mestagee wider this paragraph shell be in addition to; end atoll not limit a restrict arty other right a rights granted the Mortgagee in this Mortgage. Id. The Mortgagor atoll not e.ect a permit to be trKted any new building or buildir-gt on tM premises herein mortgaged, a add ro a pe.ntit ro be added ro any of tM existing improvements thereon, a make any rr-aterial dtangts or alterations in said improvements, without tM wrinen convent of the Mortgagee, and in tM twnt of any violation a anempt ro violate this stipulation, at the option of tM Mortgagee, this mortgage and ell sums sKUred hereby stole iwmediatey become dw and payable and this mortgage stole bKOme subject to faKbswe. 17. It is hereby specifically agreed that any sum a sums which may be boned a advartgd by tM Mortgagse to tM Mortgagor, a to rM Mest- gages's successor a successors in title, at ar-y time after tlti recording of this inderttwe, together with interest thereon at tM rate agreed upon at tM time of such loan a advance, stole be pwlly sKwed with end Mw tM same priority as tM anginal indebtedness and be subject to all tM terms •nd provi- sions of this mortgage; provided tMt tM aggregate amount of pincipal outstanding at any time atoll not exceed en amount pwl to one hundred and fifty percent (15096) of 1M pirtc:pal anrow~t originally sKwad Mreby. 11). If at any time all a any portion of tM above dtscribed poperty shall be taken a damaged by condemnation proceedings under the power of eminent domain, all compensation awarded a otherwise paid shall be paid directly to tM Mortgagee and applied on rM irdebtedrtess Mreby secwed. 19. In ceder to more fully prored tM sKwity of this Mortgage and provido for tM payment of taxes, assessments and inswartq premiums upon tM proptrry encwnbered Mreby, the Mortgagee may -lguire, and in retort event the Mortgagor agrees to pay ro tM Mortgagee each month (at tM time tM pay menu provided by said promissory nee are dw and in addition to said payment) • awn pwl to tM •nnwl to:es and assessments next dw on said property plus tM premiums that will next become dw on tM policies of fire and other Mard inwance covering said property (all as estimated by tM Mortgagee) less all stwn akeady paid tMrefor, divided by ilia ntrrnber of months that are ro e4pst one monM pr'ar to tM date when such taxy, aattfs- rrranls and inswanu premiums atoll become dw. Such sums are to be MW by Mortgagee to pay said taxes,assessment; and inwance prtmlttma. It tM total of tM payments made by tM Mortgagor under the provisions of this paragraph atoll exceed tM amouM of payments Ktwlly made by tM Mort- gagee fa such a:es, asstasment and inswance pemiums, as the case may be, such excess atoll be credited by the Mortgagee on subspwnt payments ro be made by tM Mortgagor. If, however, all swh monthly payment made by tM Mortgagor stole not be sufficient to pay such to:es, assessments and inswance pemiums, as tM case may M, when eM same shaft bKOme dw and payable, then rM Mortgagor sMN pay to tM Mestagagee arty amount neces- sary to make up tM deticienq on a before the date when payment of such taxes, assessments and insurance premiums atoll be dw. If at •ny time tM Mortgages shall tender to tM Mortgagee in accordance with tM provisions of tM note sKwed Mreby full payment of tM entire irrdlbe/drtess repesented thereby, tM Mortgagee stole, in computing tM amount of such indebtedness, credit to tM Kcount of the Mortgages all ba4nces told by tM Mortgagee twawnt to 1M povisions o/ this paragraph. If there atoll be a default under any of the proviyons of this mortgage resulnrg in tM con+mencemertt of fore- cbswe proceedirgsor if tM Mortgagee without faKbswe Kquires tM property after default, the Mortgagee stole apply at the time of commencement of taKlosure proceedings a at tM nme tM property is acquired tM then remaining babnce of tM funds Kcwnulated wider tM provisions of this paragraph as a credit against eM •monnt then remaining unpaid under said note. Signed, algid and deliyere in tM presence of: _ i • ~q ~' 1 L !:'/ ;. 1 WITNESS WHERE rM said Mortgagor Mreunto sets his Mnd and seal this ilia rrd 'rp a 'lien. E. 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