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tende~ ~o the ~io~tgagee in orcurd~nce with the proviKions ot tlte not~ aecured hereby, full ps~•me~t ot tha
enti~e indebtedness repre~ented tfierebv, th~ Nortgagee, aa t~ustPe, ahall~ in con~puting ttie an~ount ot sucl~
iAdebte~lness, credit to tl~e occount ot t~ie Mort~aKor any cre.-Iit 6ala~ce ~eu~~ini~g und~~c tl~e provisiot-s o~ (~)
01 uid p~ra(jraph 2. lf tlie~p ai~all be t defau t under any ot tlie provisions of tt~is u~ort~a~e reaulting in a
public sale ot t1-e prem~ses covered t~ereb~, or it tl~e Mortgagre acqw~ea tl~e property oti~erw~se after def~ult~
the Mortgagee, a~ t~ustee. al-all ~pply. at the tu~te o( tt-e cojumencrment ot auch proceedings or at tl~e time
the pmperty is otherwiae acqoired, tl~e amount tl~e~ reu~sining ~o rredit of MortRagor under (s) of paragrapl~ 2
preoedi~g u a credit on the inlerest sccrued and unpaid and tlie balance to tl-e pr~nc~pst then remaining unpud
on s~id note.
~. He ~-iU p~y dt taxa. aaeeesmenta~ w~~er r~tes. aad other ~overomenW os municip~l cbar~es, 6ae~, or
~pomtions, for which provision 6as not beea made heninbeioce~ ~nd in de[ault thereot tbe Mor~g~saee msy p~y t~bs
M,me; aad tbat be wiU promptly deliver the oQ'ici~l noeipet~ t6erefor to the Mort~ages.
3. He Mill permit. commit, or euSer ao Naat,e~ impairment~ or deterioratioa ot sajd pmperty or any ~pe~r~ thee~eot
e~ceept naaonable Meu aad tear; sad in the event of tbe tailure ot tbe Mortg,saor Lo keep t6e buiMin~e on sai~
p~emisea aad thoee to be erect,ed on s~-id premieea, or improvemente LhereoD~ in good repsir, tha Mortgagee may
mske such repsirs as in its diecretion it msy deem neceeesry tor the p~oper preac,rvation Lheseoi~ sad the full smount
ot eu6 and every suc6 psyment ahaU be due and paysble thiriy (30) diys dtet demand, and s6sll be secured by
tbe lien of this mortgaae. '
8. He wi11 psy aU and singulu tLe ooete~ chargee~ and expenees. includias reaaonsble 1~-wyet's Iees~ and oosta
oi abatracts ot titk, 'sncurred or paid st sny time by the Mortqsgee becsuse ot the isilure on the psrt vf the Mortgi~gor
pmmptly aad fuAy to per[orm the agreements and covenanta of esid promieeory noLe ~nd thia. mo~e, u-d eud
ooste, cbsrges. end expenaes ahall be immediately due and psysble and shaU be eecured by the liea of t us mortga~e.
7. He will oontinuously maintain haxard insursnce~ ot euch Lype or t,~pee and amounte ss Mortgagee msy
from time to time require, on ihe improvemente now or hereafter on said premises and e.~cept when payment
tor all such premiums has theretofore been made under (s) of psrsgceph 2 hereof, ~e will psy promptly when
due any prenuums therefor. All insurance shall be cuned in companiee sppmved bp 111ortgsgee and the poli-
ciee and renewals t6ereof shnll be held by Mortgagee aad 6ave attached thereto loss paysble clsusee in fsvor oi
snd in torm acceptsble to the Asortgagee. _ In event oi loss he wiU give irnmediste notice by mail to Mortgagee,
and ~iortgegee may make .proot ot ioss if not msde promptlp bp Mortgugor, and each inaucsnce oompsny
ooncerned i9 hereby suthorued and directed to make payment for such loss directly to Mortga~e~e inetead of
to 111ortgagor and biortgagee jointty, end the inaurance proceeds~ or sny part thereof~ ma,y be applied by ~ior~ ~
gagee at its oQtion either co-the reduction oi the indebtedneas hereby aecured or to t6e restoration or repair oi
the property dama~ed. In event oi forectoaure oi this mortgage or other transfer oi tiiWe Lo the mortgaged
pmper~y ~n extingu-shment of the indebtednesa secured hereby, a~l right, title. and iutetest oi tLe Mortgagq~
m and tfl any insurance policies then in force shall pass to the purchsser or grantee.
R. I( ihi• premis+~, or unr p~rl 11u~n•of, b~ co~ulriunt•d undcr tl~~ power o~ emir~ent Jonia~n, ~r aequir~d for
a public us~, thP duiua~~~s awacded. th~• ~~rn~•rrds (or thr tnkit-K af, oc thr ~onsi~lcration (or sw•h aryu~s~Uon, to
thP ~•xtrnt of tliP full uii~ount of ihe reiuuiniuk unpuid incl~bt~~ln~~ss s~rured b~• ti~is IIIAPl~i1~P, err I~ereb~-
assi~-ne~) to th~~ ~1urt~aK~e, u~ul I~i.s h~•irs ur ac.i~;ns, :-n~i .I~:il) 1,~ pui~l forthveith to said ~iort~n~~~~ ~r l~is
u~.s-Kne~ to !x~ applit•d cin acrow~t of thi• lnst matur~n}; ins~alliui•nt~ of sut•h indebt~~ln~•ss; provi~l~~l, lio~~•~~•rr,
thc ~1ortKaK~~~ or his a.csiKni~~, ~~iu~• ut I~is ~lis~•n•tion pur ctiri~ct to tlie \tortgn~or, liis l~~irs or ncsiKns any part
or all o! su~•I~ aw~ar~l; pro~idPd, that if the• luun is kuarunti~i~d ur insuri•d, thc conscnt of thP guurantur or insurer
is ohtainrJ in advancP ot suid pa~•inc•nt: ~
`~- The ~iortgagee may, at any time pending a suit upon this mortgage~ apply to the eoutt having jurisdiction
the~a~ tor the sppointment ot s receiver~ and suc6 court sfiall forthwith appoint s receiver of the pmmises covered
bereby al! snd singular~ including all and aingular the income, profita, i~uea~ and revenuea from whatever source
derived, each and every of ahich, it being expressly underatood. ia hereby mortgaged ae it apeci6cally eet (orth and
deacribed in the granting aad habendum clauses hereot. Such appoiotment ahall be made by such court as an admiEted
equity and a mstter ot absolute right to eaid Mortgagee, and without reterence to the adequacy or inadequacy of
the value of-the property mortgaged or to the aolveocy or insolvency oi said Mortgagor or the defendante. Such
nnt~. pro6ts. income, isaues~ and revenues shall be appliecl by such receiver according to the liea of thia mortgage
sad the practice ot such court. In the event of any defauft on the part of the Mortgagor hereunder. the Mortgagor
aareea to psy to the Mortgagee on demand as a reasonable monthly rental for the premiaes su amounL at lesat
equivalent to one-tacltth (~y) of the aggregate of the twelve monthly installmenta payable in the then current
year plus the actual amount of t6e annual taxea, assessmente, wster rates, and insurance premiuma tor auch yeat
not cove~ed by the atoresaid monthly psymenta.
10. In t6e event of any breach of this mortgage or default on the part of the Mortgagor; or in the event that
any of ssid sums o( money herein referred to be not promptly snd fully paid according to the Lenor hereof~ or in the
event thst each and every the etipulations, agreements, conditions, and covenanta of said note and thia mortgage,
are not duly~ promptly, and fully pertormed; then in either or any such event~ the asid aggrcgate aum menlioned
in anid note then reenaining unpaid, with interest accrued to that time, snd sU mnneys aecured hereby~ shall become
due and payable 'torthwith~ or thereafter~ at the option o! said Mortgagee, as [ully and completely aa ii all of the
asid aums ot money ~rere originaUy etipulated to be paid on auch day~ anything in esid note or in thie mortgage to
the contrary notwrithstaading; and thereupon or thereatter~ at the option of said Mortgagee~ without notice or
demand, auit at law or in equity~ may be prosecuted aa it a!1 mooeys secwed 6ereby had matured prior to ita inatitw
tion. The tilortgagee may ~ foreclose this mortgage, sa to the amount ao declared due aad payable, and the asid
remieea ahall be aold to astisfy and pay the same together with co~ta, e:penaea, and sllowancea. In caae ot partial
~orecloaure of thia mortgage, the mortga~ged premises aha11 be sold eubject to the oontinuing lien of this mortgage
for the amount oi the debt not then due aad unpaid. In auch caae the provisions of thia paragraph may agsin be
~vsikd of thereafter imm time to time by the Mortgagee.
1 l. No waiver of sny oovenant herein or of the obligation aecured hereby ahal) at sny time thereafte~ be held
to_be s waiver of the tenma bereoi or oE the note eecured hereby.
12_ 'The lien of t6ia inscnunent ehall rem~-in in tuU force aed eRect during any pwtppnement or extenaion of
the time ot p~yment oE the indebtedneaa or sny p~rt thereof eecured ~ henby.
1:3. If the Mort~or default in any of the covenanta or agreemente contained herein, or in eaid nott, then the
Mortasgee msy pedorm the aame~ and all expenditurea (including reaaonabie attorney'a ices) made by tbe Moriga~ee
in so doing shsll draw interest st the rate provided tor in the principal indebtednc~sa, and shall be repa} sble
t6irty (30) days ~iter demand, and, together with interest and costs accrued thereon, sl~all be secured by
t6ia mortgage.
14. Upoa the request ot the Mort~egee the I~iortgap,or shall eaecute and deliver a supplemental note or
noles tor the aum or sums advanced by ~6e `tortgagee for the alteration, modernization, improvement, main-
tea~nce~ or repsir ot said premises, for taaes or as.aessments egainst the same and for ~ay ott~er purpose suthor-
ised bereunder. Said note or notes shall be secured hereby on s parity wit6 and as fully as it the aclvsnce
evidenced thereby were included in the note 6rst described sbove. Ssid s~ipplemental note or notes shall bear
intuest ~t the nte provided for in the principal indebtedness and shsll be paysble in appm~imstely equal
montbiy pay ments for such period ss may be n~reed upon by the creditor and dcbtor. Failing to sgree on the
m~-turitp~ the whole o( the aum or suma so advanced shall bc due snd psyable thir~y (30) deya sfte~ demand
by the creditor. In no event s6all t,he maturi~y extend beyond the ultimste n~aturity ot ~6e note firs~
described abore.
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Bo~34? p~~~1884
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