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be sufficient to pay taxes and assessments and insurance premiums. as the case may be, when tho
same beoome due and payable, then the Mortgagor shall pay to the Mortgagee any amount necessary
to make up the deficiency, on or before the date ~vhen the payment of such taxes, assessments, or in-
surance premiums shall be due. If at any tim~ the ~lortgagor shall tender to the Mortgngee in accor-
dance with the provis;ons of the note secuc+ed hcreby, full payment of the entire indebtcdness repre-
sented thereby, the Mortgagee shall, in computing the amount of such indebtednesa, credit ~ to the
account of the Mortgagor all payments made under the provisions'rof (a) above. If there s~ll be a
default under any of the provisions of this mortgage resulting in a public sale of the premi'ses ebvered
here~y or if the Mortgagee acquires the property otherwisc after default, the Mortgagee shall apply,
at the time of the commencement of such proceedings or at the time the property is otherwise acquired,
the balance then remainiag'in th@ funds accumula~ed under (a) :~bove at a credit against the amount
then remai~ing unpaid under said note or notes.
6. To permit, commit or suffcr no waste, impairment or deterioraHon of said property or any part
thereof.
7. To perform, enmply with and abide by each and every the~ stip~lations, agrcements, conditions
and covenants in said promissory note and in this deed set forth.
8. If any of said sums of money herein referred to be not promptly and fully paid within thirty
day next after ihe same severally bec.~ame due and payable, or if each and every the stipidations, agree-
ments, conditions and covenants of said promissory note and this deed or either, are not duly pc rformed,
complied with and abided by, the said aggregate sum mcntioned in said pmmissory notc s}~all become
due and payable forth~vith or thereafter at the opticx~ of the Mortgagee as fully and completcly as if
ihe a~gregatc sum mentioned in said promissory note was originally stipulated to be P.zid on such day,
anything in said promissory note or herein to the contrary notwithsianding.
9. To the. extent of t~e indebtedness of the 11t:~rtRagor to the ~tortgaRee described hercin, or se-
cured hereby, the Mortgagee is hereby subrogated tn the lien, ur liens, and to the rights c~f the owners
and holders thereof of each and every mortgage li:~n or other ena~mbrance on the land descril~ed here-
in which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein
or secured hereby, and the respective liens or said mortgages, ]iens or other encumbrances, shall be
and the same and each of them hereby is preserved and shall pass to and bc held by the Mortgagee
herein as security for thc indebtedness to the ~iortgagee herein described, or hereby secured, to the
same extent that it would have been preserved and would have passed to and been held by the Mortgagee
had it been duly and regularly assigned, transferre:l, set-over and delivemci unto the :lfortgagee by
separate deed of assignment, nohvithstanding the fact that d~e same may be satisfied and cancelled of
tecord, it being the intention of the parties hereto that the same ~vill be satisfied and cancelled of
record by the holders thereof at or alwut the time of thc recording.
10. It is further covenanted and agreed by said parties that in the event crf a suit being instituted
to foreclose this mortgage, the ~tortgagee shall be entitled to apply at any time pending such foreclosure
suit to the court having jurisdiction thereof for the appointment of a receiver for all and singular the
mortgaged property and all of the rents, incomes, profits, issues and revenues thereof fmm whatsoever
source derived; and thereupon it is hereby expressly oovenanted and age~d that the court shall forth-
~vith appoint a receiver of said mortgaged property, all and singular, and of such rents, incames, profits,
issues and revenue thereof, fmm whatsoever source derived; with the usual po~vers and duties of recei-
vers in like cases; and such appointment shall bc made by su~h court as a matter of strict right to the
Mortgagee and without reference to the adc•quacy or inadequacy of the value of ihe property hereby
mortgag~, or to the solvency or insolvency of the l~iortgagor and that such rents, pmfits, income, issues
and revenues shall be applied by such receiver to the payment of the mortgage indebtedness, cost, and
charges, aocording to the order of such court.
11. If a conveyance should be made by the biortgagor of thc pm~n~~es hcrein clescriUed, or any
part thereof, without the written consent of the :~~ortgagee an~i .~~ithuut a~sumption in re~ular form of
la~v by the gantee of the obligation to the rtortgagce cmated by said promissory note and this
mortgage, then, and in that event, and at the option of the ~iortgagee and without noticr, all sums
of money secured hereby shall immediately and cancerrently with such com~eyance become due and
payable and in default.
12. T7~at in the event the premises hereby mortgaoed, or any part thereof, sha11 be condemned
and taken for public use under the power of eminent dcmain, the ~Tortgagee shall have the right ta
demand that all damages awazded for the taking of or damages to said premises shall be paid to the
Mortgagee up to the amount then anpaid on this mortgage and at the option of the ~lortgagee, may ix•
applied upon the pay~rnent or payments last payable hereon.
83~1~~. ~J48 F~GE lK7V
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