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3. T~ pl~a ~n~ contlnuously k~fp an the bu11~flny~ nov,• a hereif~~r ~Itv~t~ on ~dd I~nd ~nd on ~!1 equiFxn~nl and p~rior,~lly cova«d by thl~ matq.
~yt, with ~l) prsmlume ~hereon paid trt full, tiro Insur:M: in Ihe ususl ~tandard F+aitcy fo?m, in ~•um •pproved by the MORTGAG[E, •nd wtndttorm
!~?suta~co in the u~u~l ~1~ndard poli=y (orm, In • sum ~pptoved by the htORiGAGFE~ in ~vch comp~ny or campanlss st tM M~RTGAOEG may
dir~c~j ind i!1 tirs and w1nd~~am tnrur~nce pollcis~ on +ny of ~atd butldinp~, any Inte~al Iherein or psrt the~wf, in ihe ~89regats ium aiwe~eid or
M~xctu t}arrof, ~MII co~tiln tM ~tval ~tuxlud mortgaqee cleusa w tuch other cl~ui• at Ih~ Mor?pagee may req~tro, miktnp ihe ioss unde~ taid pol~-
ties, each and evsry. payable to •atd MORTGAGfE i~s Inta~e~t may appe+r, and sich and every tuch pollcy ~hall b~i promptly sis:yned anJ delivered to
any heid by ~aid h10RiGAGEE a~ {urther ~ecurity to ~atd malgage debt, and, not ~ess than ten (10) day i~ •dvanco of Ihe explra~lan of euh policy, ~o da
livlr 1o atd MORTGAGEE a renewal thercwi, to9~lher with a recefpl for the premtum of ~uch tenewal~ and ~itiare thall be rw li~o o~ wlndilam ins~r+nce
placed on •ny of said buitdir?g~, any Mleresl thareln a p~tl Ihereaf, unles~ In tM {orm end with tha I~i~ payebls e~ afor~uidt and in the eveM any svm
of mon~y batomet pay~ble under tuch pollcy a policlet s~id MORTGAGEE ~hall havo Ihe oplion to raeive and ~pply the lame on accov~~t of the indabted~ -
noss ucvred Mreby or fo permit seid MORTGAGORS to receive and uta if or any part therrof fa othe~ purposes, withoui Ihareb~ waiving or impair•
!np ~ny equity, 1lan a rlphl under or by virt~s of this mortpege~ and in the event ~aid MORTGAGORS shell (o~ a~y raason (ail to kcep the ~~id premiset to
ir?c:?red, or fdl to deliver p~amptly any af said politie~ ot I~sur~nce to ~eid MORTGAGEE, o~ fai( promptty fo pay fuliy any premium thuefor a!n any
n~pect (ail ta Rertam, discharga, execute, e((et~, completo, comply wl~h and sbide by thii covenan~, or any psrt hereof, tald MORTGAGEE mey plate and
pay to~ •uch in~uronce or ~ny pa~t thersof without w~iviny w aftecting any option, Iten, equity, or righl under er by vtrlue of Ihis Mortgage, and the
full imounl of each snd every such paymeN ih~ll ba immedistety due and payabte and thall bear tnteresr from 1he date ihereo( untll paid et Ihe rat• 01
nlne per cenrum pa~ annum and togelher wi~h ~vch imereit shall be secured by the lien oi thif mortgage.
4. To p~rmit, commit or suffer no wasle, impatrrtxnt o~ deteriorotion o( ~aid property ot any pe?1 iheteof.
~ 5. To ali ~nd ~i
pay nyuler the costs, charges ~od expense~, includinp a reasonable atlwoey ~ fea and cos~t of abttract~ of tttls, ineurred or paid at
~ny ttme by iaid MpRTGAGEE, because a tn the event of Ihe failure on the part of ~he s~id MORTGAGOR to d~ly, promptly a~d fuNy perform, discha~ga,
exec~te, eFfact~ complet~, comply with a»d abide by eech snd every tha stipulation~, sgreemena, conditions, end covananlti of taid promissory note and thii ~
mor~ya~~ eny or ei~her, and •aid cosls, charges and expe~set, each and avery, ~hall be immediately due and payablep whethsr or not thers be notice do-
mand, attempt to collect or •uit p4nding~ and tha fuli smount of each and every such paymenl ~hall bear inferesf from Ihe date thereof un111 paid st tfia ~
~at~ of nine pe~ centum pa? annumj end aU said coits, charges a~d expenset incvrred or paid, togelhcr wiih such Interesi, ihall be tecvred by the lien of thi~ i~
rtwriq~ya. + .
6. Th~t (a) tn the event of a~y txeach oi Ihis Mort9age or defaull on the part of tf?e MORTGAGOR, or (bj in tha evant any of aatd tumt of money
Mretn n(erred to ba not p~omptiy and futly pa3d wi~hin thirty (30) days nexi after the same :averoliy become due and payabl~, withovt dema~d or notica,
or (cJ in the event esch and every the ~tiputstions, agreemsnts, condition~ and cove~sms of wid promissory note and thi~ mortpsge ~ny or either •ra na1
~vly, prompNy and fully performed, ditcharyed, executed, ef(ected, completed, compiied wirh •nd abided by, thrn in either a any •~ch eveni 1he seid aQ~
• Q~eQats sum menlFontd In feid promhtwy nofe then romaining unpaid, with fineresl accrued, and all moneys securtd heroby, ~hall betome dus and pay~
~ sble futhwith, or theraaNer, at tta opiion of ~aid MORTGAGEE, a~ fully and completely at if all of the tatd 6um• of r»oney wero otigtnally sfipufettd
' to bs paid on iuch day, anythiny in seid promi:sory note or fn thi~ Ma~tQage to the contruy nolwithatandEngJ and therevpoa or thereafter a1 the op+ion of
saFd /NORTGAGEE, w+thout notice or demend, wit ~t law or ln equity, therefora ot thereafter bc~vn, may be proaecuted at if all money ~etvred hereby
Md matured prlw ta it~ Irutitution.
~ Y. 7Mt In the ~veM th~t at tho b~yTnnin9 of w nt any time pe~dtng any •uit upon thts Mart9age, or to foreclo~+ !t, or !o reform !t, o~ fo enforc~ ~
payment of any claims here~nder, satd MORTGAGEE shall appty to the Court hiving juriidiction IhereoF for the ~ppointmenl oi • Receiver, ~uch Court shell
Forthwbh appoi~t a receiver of ~aid moHgaged property ~II and •ingular. includmg all and singular the income, prof~tf, (s~~ei a~d rsvenuet from whatever
to~rce derived, each and everyr of which, it beiny expreitly undentood, i~ herrby mortgogrd as if specifiully set fath and described In the yranting and
habandum clauses hereof, and tuch Recelvar shall have all the broad and effective funclions a~d poweri in snywtse cntrvited by a Court to a Recoiver, end
~uch appotntmenl ~hall be mada by tuch Caurt es an ~dmittcd eq~ity artd a msltet of absolute riflht to tald MORTGAGEE, snd wi~houf reference to tM
adeqvaty a tnadtq~aty of tho vslw of the property mongsged or to the solv~ency or insolvency of sald MORTGAGOR or the defendant~, and that ~vch
r~nt~, profiq, Intome, liives and revenuet shall be epFlied by svch Recelver according to Ihe (len or equity of said MORTGAGEE and Iha practite of iuth
Coun. .w
8. To dvty, promptly ind fully perform, diaharQs, execure, ef?ep, complete, comply wlth and ablde by e~ch and every the stipulationi, ogreementt,
conditb~u and coveoam• i~ ~aid promitsory note end thit mortgage iet forlh.
9. Thaf In the evtnt the awnership of the mot9geyed premises, or any parl thereof,~ becortro~ vetted in a perwn othe? ihan the MORTGAGOR, the
~ MORTGAGEE, Iri tucces~or• and atsigns, may, without notite to the MORTGAOR, de~l wtth ~vch successer or tuccessor in interast wiih ~eference !o ihls
mor~yafls and tM debt hereby sec~rsd in the fame mannet ai with Mortgagor withoul In ~~y way vNi~tinp or diichargir?~ the Mortgagort' Itabtlity Mra-
unde~ or upon the drbt huaby setured. No tale of Ihe premises hereby mortgaged and no forbearante on the part o( ths MORTGAGEE or (b svctessor~
or ~uigns +nd no exlension ot 1he time for the payment of the debt hereby secured 91ven by tlro MORiGAGEE or itg •uccei~ora or aisign~, ~hall operat~
to releas~, discharpe, modify change or affecl the original liability of the MORTGAGOR Mrein, etlMr in whole ar ln part.
10. 11 1~ ipecificatly agreed that tims lt of the essence of this contrac~ and Ihat no walvar of sny obliyation hereunder or of tha obligetion se-
cured hereby :h~ll at ~ny tlme thereafter be held to be a weiver of the term~ hereof or of ihs instrument satured harby.
- 11. In addition to Ihe forepo:ng monthly paymentt of princ'pal end interest required by the promi:sory note secured hereby, mort8agor tovenanla
+nd agree~ to pay to mortgagee with each monthly payment an add~tional sum eslimated by mortgagee to be equal to 1/12 of the ann~al co:t of the follow-
lr?~:
A-All resl property texes lavied or assessed against the above de~cribed real eitate. .
B-Promium: on fire and wind:torm insurance as herein requ;red to be urried on the tmprovemanti situat~ en tbe ~bove desuibed premises.
C-Premium~ on suth mortgsge guarsnty insurance es mortga9ee ihall from time to time deem fJt to tarry on tM lo~n iecured hereby.
Mortg~gee shatl from time to time no~ify mortgagor in writing of the amount dve and payabt~ herevndar and tuch ~~m shall thereupon be dw +nd ,
payeble on the due de~e of the next mo~thly payment and each successive month tl?ereafter until rtwrl9aQee shall notify mortgsgor of a change in ~vth
omount. Such ~ums ahall bs applied by mortgagee toward the payment of rea) property taxes, (n~urance pramiunu, and mortgags guaranty tmut~nce
premiw~u. _
IN WIT HEREOf, the taid MORTGAGOit ha~ hereunto :et hi: hand and teal the day and yeer firat •foretaid.
Siy , Sealed d ver ~ tn tt~e,pt e,pf:
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couNn o¢ Saint Luaie u"' • -
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