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tender to th~• '1lortku~;+~~~ iu a~•cunluu~ ~~ witl~ U~~• pru~•iKion9 ~of th~~ ~-o~~• iv ured h~•r~•i,~ . full {-a~ ~nent o( tlii•
entire indebte~ln~~ss reprr,rnt~•d tia•r~~l.~•, ti-e \lortga~~~e, ns lrusl~~~•, shall, ~n ~•o~ii~,ut~nR th~• aiiu,unt of su~•i~
indebte~t-ess, ~•r~~~1it tu llu~ n~•~•uuut uf tl~~• ~lur~ -a~;ur un~• ~~r~•~lit k~alan~•~~ r~•n~uinin~; ~ind~•r th~• pr„~i-iu~i; of (a~
of ~sid pare~kraph 2. I~ th~~n• .hal) t,e e- de(nu~t under au~• nf th~~ pro~•i.tiu,ns uf Ihi, uiurtKa~;:~ :~•su!iiri~- u~ u
public sale of the pn•uiu~•s ~•o~•t•rf~d ii~•ml,v, ur it thr ~lortgag~•e u~•qutres th~ pruE~rty oth~•rw•~.r nft~•r ~li•fault,
t}~e ~lurtgaKee, u3 tcuatee, shsll appl~'. at th~ tinie of th~ ~•wnnu~u~~rntcnt ~t ~u~•i~ pro~•~•rdiu~,~ ur at tlu~ ti~n~•
tiie pro~rl~• ~~ utherwi.~u u~•ywrr~l, the au~ount lhrn rt~~uaininR iu ~•rr~lit of ~1~~rt~;a~;or un~l~•r ta` ~~t ~,aru~-ra},h •,
prece~liuK es a~•n•dit on th~• ~nt~~r~•yt s~•rruril aud unpaid e-n~i t}~P bxlan~•e to tl:r pnuc•ipal thc~n re~uninin~; unpai~l
un said notP.
4. He wiU pay ull taxea, asacesmenta, water ratee~ and other governmental or municipal cbargee~ finea. or
impoaitions, tor which proviaion hus not been macie hereinbetore, and in default thereof tde Mortgagee may psy the
eame; end that he will promptly deGver the official receiptn theretor to the Mortgagee.
5. He will permit~ commit~ or sutier no wabte~ impairment, or deterioration oi said property or any part thereof~
except reasouaLle wear and lear; aad an the event of the faulure oi the Mortgagor to kecp t6e buildings on eaid
premises and thoae to be erected on said premises~ or improvementa thereon~ in good repair, the Mortgagce may
make auch repeirs sa in ita ~iiscretion it may deem neceaesry tor the pmper presc.rvation thercof, and the full amount
ot each and every euch payment ehall be due and payable thirty (.30) daye atter demand~ and ehaU be eecurcd by
t6e lien of this mortgage.
6. He will pay ali and singular the coats~ chargea~ and expenses. including masonable lawyer'a feee, and cosls
of abatracts of title~ incurred or paid at any time by the ~iortgagee becauae uf t!-e leiture on the part of tt~e Mortgagor
pn-mptly and fully to perforna the agrecments and covenaata of eaid promiasory note and this murtgage, and aaid
costs. charges. and expenses shall be immed~atcly due and payable and sha11 be aecured by the lien o( this mortgage.
T. tIe will oontinuously maintain hazerd insurance, of auch type or tvpes and amounts es 1'(artgsgee may
trom time to time require, on tl~e improvem~nts now or 6ereaftcr on suid premi~~s, and e~cept w6en payment
fur all such premiums has theretolore bern made under (a) of paragrap6 2 hereot, he will pay promptlv when
due any premiums therefor. All insurance shall be carried in companie.9 approved by ~lortga~;ee and t~ie poli-
cies and renewals t6crcof shnll be Leld by ~Iortgagee and 6ave attached thereto loss payable ct~usee in tavor of
anJ in torm acceptable to the ~iortga~ee. !n e~ ent oi loss he will give immediate notice by mail to blortgagee.
end ~lortgagee muy make proof of ~o~ if not made pmmptly by liortgagor~ aud each insurance compsny
concerned is hereb authorized and dir~cied to make payment for such loss directly to :~lortgagee instead of
to ~IortKa~or and ~lortg~ee jointlv, nnd ttie insurance proceeds~ or any part thereut, may be appGed by 1~Ior~
ga~;ee at its option eilher to tt~e re~uction of t6e indebtednes.g hereby aecured or to the r~storataon or repair of
thc property dama~erl. In event o! foreclosure of thiq mortgsge or other transfer of title to the mortga~ed
proper~y in extinRu~shment ot the indebtedness secured hereby, a~l right~ title, and interest of the btortgagoc
w and to any iu.SUrance poticies then in torce swgll pa~s to the purchaser or grantee.
ti. If itu• pri•nii:r., or iu:~- p:~rt ih~•rr~~f. b~~ ~•trn~lruin~•~1 un~l~•r tlu~ ~w~ti•~•r uf r~nitu~n~ ~l~~u~a~u, ur u~•quir~•~I fur
x pul,l;~• u;~•. Ih~• ~la~uu~-~•s uw~tvil~•~1. th~• pnu•e•~•~1~ fur tlm tukinR of. ~-r th~• ~v~t-,i~l~~r:itiun f~~r:w•I~ u~•qui,iti~-n. tu
ti~~• ~~xt~•iit ~~f tl~~• f~tll uiuow~t ~-f t!u• n•~~~au~ink unp:uii in~l~•!-t~•~In~~.s s~~~•un•~I h~• tliis iu~-rt~a~;~•. xr~• h~~rnl-~~
u.si~,-ni•~I t~- ih~• ~1ortKu~:i•~•. un~l hi: h~•it~ ur u:.i~n:, ;in~l •lu~li h~• ~n~i~l G~rthw•itl~ Ir- .:-i~l ~inrt~,•a~~~i~ ut lii;
na~~}~ne~• t~- Ix• Np~~lir~l un a~•rn~nU uf th~~ l~~.t ~n:Nurin;.~ in:la~llui~•i~t. ~-f >u~•i~ i~ul~•Id~•~In~~•.: pru~-i~l~•~1. h~r~c~•r~•r,
ih~• ~I~~rl~a~~~~• ~-r hi. as~~kni•~•, iuar rit )~is ~ii:~•r~•tiui- ~-a~• ~lir~•~•t t~~ th~~ \1~~~t~•ati'ur. I~i. L~~ir•. ~~r :i..i~~u.:u~~• ~»~rt
~-r all of ;u~•li :i~cnr~l: pru~~i~l~•~i. ~h.it if th~• lu:~~~ ~. ~:~c;u•:int~•~~~I ur in.ure•~1. th~• ~~-n~~•ut uf th~• },~i~uri~ntnr ~~r ~t-•ur~~r
i: ~~btain~~~) in x~l~•xn~•t• of •~~i~l {-u~-uu~n~.
'~• 1'he ~iortga~ee may, xt any time pending a suit upon this mortgage, apply to the court ha~~ng jurisdiction
themof for the appc,intment of a receiver, and such court shall forthwith appoint a recciver ot the pmmises co~•ered
hemhy all and s~ngular, including ult and singular thP income, profits~ issu~~s, and revenues (rom whatever source
derivFd~ each and e~ery of which, it being exprc~ssly un~erstood, is nereby mortqaged as if sp~ci6call} set forth and
drvcribed in the qranting and habeod~~m clau.ges herFOf. Cuch appointment shaU t,e me~d8'},y such oourt r~an adm~ttcd
er~uity and a mattPr of at~solutc riRht to said Aiortgaqce, and aithout reference to*tt~e,~ele~qpqpx,u~,ipac~quacy'of''
t!~e ~•ah~e ot the proper!}• mortgaRc•d or to the ~l~enc~• ~~r in.~-Ivenc~ of said 1lortqa~yc~r the detendants. SuCfi
rents, pro6ts, incnrr.e, izsut•s, and revenues shall be appli~•d by such re•cei~er accordinq to the lien of thia mortqage •
and the practice of such coi~rt. In the eve~t of any default ~~n the part of the S'Iortgaqnr hereuuder, tt-e hlortRag~~r
aRret~s to p~.y to tne ~tortRaqee ~~n demar~d zs a reasonable monthl~ rental f~,r tAe prnmiges an amount at least
c~;uivalent to one-twelfth (~21 of the aRRm~ate of the tac•IvF moutf-ly installmenGg paS~at,le in the then current
year ph~ tt,P act~al aniount of the annuxl taxes. assessmen49, water rales~ enJ iosurance premiums for auc6 year
not covered i,y t~e aforesaid monthly payments.
t~1. In i6e event of any b-each of this mortgage or default on the part o! the ~tortgagor, or in the event that
sny of said sums of moaey herein referrMl to t~ not promptly and full}• psid a~~ording to the tenor hercof, o~ in the
event that each and every the stipulations, ugrcemc•nts, conditiona, xnd co~•~nanGg of said note and this mortquge,
are not duly, pmmptly, and fully performed; then in cither or an} such e~•ent, the said aRRrr•Rate sum mentionPd
in said note then remaining unpaul, with inter~st accrued to that time, sn~! all m~~nPva ~ecum~l hemt;v, shall become
due and payable forthwilh, or thrmafter, at the opti~~n of ~id ~tortRaRc~, aa fu!Iv ar.~l c~mpl~t~ly i14 1~ RI~ of ttie
aaid aum9 0( moncy were originally stipulatcJ to be pa:d on such dav. anvthinq ~n~said nore nr in this mortqaqe ta
t~:e contra=~• n~ta•ith~tnndio¢; at:d th~r. u~~n ~,r th~n~:~ft.~r. at t1,e option c-f ~a~d \tortRz~ce, witho~it notice ~r
dPm~o~1, s-:it at l.iw or in equity. m:.y rH pr~~~cc~~ted a.a if ail mrn~~vs ~•c~.~rcci h~rehy hA~l mxtured pri~r to ~ts institu-
ti~~r:. Tt-e ~1~rtqaR~r. m:sy foreclo•-e tFis morlQa~e, :ss to thP amount so dPClamd due and payable, and the said
prrm~=es Qh:.ll :w s~,ld to ~atisiy and p:.~• thc• s:ime toqeth~~r with costa, expen~w, and allowanccs. In c:~.~ of Qartiat
f~mr,lasurP -~f this mortRa~e, tl~e mottRaQr~! pr~~mis~ shall t~e sold aubject to thc continu~rq li~n of this m~,rt~age
fot t:~e amount o( the ~l~bt n~~t th~•n d~.~e an~l UDPAIII_ I[I 3UCI1 C8.4Q tf1P p~Ot'1SIfli13 lE ~F213 pAfA~1'APFI QI1y A({810 t,e
avail~•d nf th~reafter irom time to time h~ tt-e ~lortgaRFe_
:1. No waiver of any covenant 6er~sn or nf the ~bligation securc~d hemby shall at an~• time thereatter t-e held
to be a waiver nf the tPrms hereot or of the note secured herehv.
t ~. The lien of thin inscr~tnent ehall remain in full (orce and PfTect durinR an~ postpon~ment or ext~nsion ot
the time of psyment of the indebtedness or any part thereof secured hereby.
1't. If the Mortgagor ~lefault in any ~f the rnvenants or a~~ement9 ~ontainF~d h~r~~n, or in said note, th~n the
MortRaRee roay perlorm the Axrne, and all expendit~lres linclu~linq reri.gonat,le attorney's f~~•s1 made by the :ltortRaqee
in wi ~ioinK siinil draw• interP,t at th~ rate prori~f~vl t~~r :n tt~e ~-r~n~~ipu) ~n~1~4-•~~in~cs, and shall t,r r~pacRbie
thirty (3~11 ~ia~•c aft~•r demaml. and, toKrth~~r w•~th inter~~st x~.~1 ~osts ar~ru~•~1 th~rcK,:~. ~hr,N be secur~•d bv
this mortgaK~•. -
' t l'~~ n tt,~ sr~u~~tit ~~f t-,~ ~tortt~ae~•~ tn~ ~t~rtka~nr ~hall ~~N~utP an~1 ~I~li~•e•r a:upplern~ntal n~t~ ~>r
nol~~c fnr u~e sum or sur.is a~t~•an~~•~) ny thc ~lort~:et~r~ f~~r tt~~ alt~ratiun. m~~i~•rnization. impm~•~m~nt. mein-
tenance, or repxir o( sasd prrm~s~•s, for tax~c ~~ A~~~.~~m~~nta e~;einst thP ~am~~ a~~~l G-r ea~• ~th~~r purpo.~ Ruth~r-
~zed hcrcundrr. Said note or notes shaU bc secure.l hPreby ~n a paritv wit6 and a.c full} aS i( the ad~-ance
evidenced therrby were included m the note firsl described abore. tiaid snpplern~•ntal note or notes shal) hear
interest at the rate provided tor ~n the prinr,ipal in~lebtedncss and shall be pa~•able in approrimatel~ ~qual
monthly paym~nts tor such period as may be a~rerd upon b~ the cred~tor and d~btur. Failin~ to a~rcc on the
mttur~ty, !he whole o( the sum or sums so ad~anced shnl) be due and parahl~~ thirty (3~) davs a(t~r ~I~mand
by the creditor. In ao eveut s6sll Lhe matwit~• ex~end beyonJ ttie ult~mate r.~alurit} o( t6~ note 6r~t
described sbove.
g~~45 ~~f 40
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