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cotnpany or companies. acceptable to the Mortgt~gee. in a sum not lesa than x...f.Ltll...~lsu~ab~e vnlue,
with a loss-payable clause to the Mortgagee. anci in the event of a breach oi thia covenant to
insure. said Mortgagee may place and pay for said inaurance and each and every auch payment
shall bear interest from date at the rate of annum~ and said paymPnt together with such
interest shall be secured by the lien of this mo ~e.
' 4. To permit, commit or suRer no waste. impairment or deterioration of said property or any
part thereof. and to keep said buildings and premises in good repair and condltion thmughout
the life of this mortgage.
In the event. however. the Mortgagor shall fail to keep and perform fully any of said cove-
nants or agreementa set forth in this mortgage or in said note for a period of _.thx~C:ty...._(.~0)_._
days the Mortgagor shall and dces hereby give unto the Mortgagee the right and option of declaring
said note immediately due and payable. and all rights of the Mortgagor under this mortgage im-
mediately forfeited. and institute such proceedings as may be advised~ whether by foreclosure or
othetwise. for the collection of said note and enforeing the lien of said mortgage~ and any failure
to exercise said option shall not constitute a waiver of the right to exercise the same at any other
time.
In the event it should become neceagary in the opinion of the holder of said note and this
mortgage to place same in the hands of an attorney for collection~ or suit is brought on same. the
Mortgagor agrees to pay all costs. charges and expenses of the same. including a reasonable
attorney's fee and abstract fees.
The Mortgagor. for himself. his heirs and agsigns further covenants and agrees with the
Mortgagee that in the event any covenant or stipulation of this mortgage or said notes ~i~all be
violated and suit shall be brought on said notes. or said mortgage, or both. the Mortgagee shall
have the right to apply to the proper court for a receiver to take charge of said property as a
strict right to the Mortgagee and as one of the conditions upon which the loan of money herein
specified was made and this mortgage given. and such receiver shall collect the rents and profits,
all of which are expressly mortgaged hereby, from said premises and preserve and hold the same
pending said litigation or pay the same out in accordance with the orders of the Court. The
Mortgagor consents that said receiver shall be appointed regardless of whether the mortgaged
property shall be adequate to meet the amount due on tlie principal, interest. costs and attorney's.
fees~ and further agrees that upon appointment of such receiver the Mortgagor will give the
immediate possession. custody and control of sueh property to such receiver so appointed and
also in no wise molest or interfere with said receiver in handling said property.
The Mortgagor hereby fully warrants the title to said lands and will defend the same against
the lawful claims of all persons whomsoever. ,
' IN WITNESS NHEREOF, the Mortgagor has hereunto set the.ix'...._ hand_S. and seals..
a
the ------~~---~- day of ---.-----Febrwar.~r----•--------. A. D. 19_.81..
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Signed. sealed and delivered in our presence
as witnes.ges :
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' ...-- G- -~/c~'`= ~'~ ----- ~--- -- (SEAL) .
ALVIN E. GREER ..+F ~~~ ..;
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i JUDITH K. MORRISON . ~ • ~ °' '~ ~~" " "
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\ t~'IT`'ESS ~t'HEREOF', the said ;1Sort~agor has caused these presents to be signed in its
name by its President and its corporate seal to be affixed. attested by its .._. ...
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(Corporate Seal)
Attest:.. ~ ~---- ------~- --- ------ - -------- ----- - -----•--
3iAned, sealed and delivered in our presence
as witnesses:
day of . _ .._. _.
. .. .., A.D. l9 . - -
By -----~-- - - -- - --- ---------- --~-- -----------------------
Preaident
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8~`~ 349 PACE 1~Q
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