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the deficioncy. Such payment el~Rll Ue msde within thirty (30) daye after H~ritton notico fron~ tlio Mortge~ee
etating th~ amoiant of ttie doficiency, which notico may be.given by msil, It at~any time the Mortgagor
ahall tendor td the h•iort~Hgee in accordnnce with the provtsione ot t•he nate secured her~+by, full p~yment
of the entire indebtedness ropre~at~tc~d tl~oreby, the T~lortgsgee ss truetea ahR]l, in computing the amount of
auch indebtedneas, crQdit to the account ot the Mart~agor ~ny credit bnl~nco romaining ur~d~r the pmvieion8
of {s) of ~aid ara re~ph 2. It there ahall be a default under any of the pmviaione of this mortga~e resulting
in a publie aq~e o~the premieea covered hereb3~, or it the 1blortgagea acquires the property otharwise after
defauit, the ri4ortgngee sa truetee ehsll apply, at the time of tho commencemont oi euch pro~eedinga or at
the timc~ tho property ia otherwise acquired, the amounE then remsining to creclit ot Mortgsgor under (s) of
psra~raph 2 preceding Ra credit on the intereat accureci and unpaid and tho bnlance to the principal then
~ rema~ning unpaid on eai~1 note,
4. He will gsy uIl taxee, e~eeemsmenta~ water r~tee~ aad other~overnmentml or municipal oh~rrgoe, fin,~ cr '
impoeitione~ for which proviaion hae not been made hereinbafore~ and in defs«tt thereof the MortgKgee msy pay the
eams; and Lhat ~e will promptly deLver Lhe offi~ial receipta f,herefor to !he Mortgxgea.
6. He will permit, oonnmiE, or ~u8er no w~aCe~ impafrment or deter[oration of e~td property or ~?py p~rt thereof
except reaeoneble wear end tes~; e,nd ir~ the event of the tal~ure of the Morigagor to keep the buildinga on eai~
premieee and thoea to be er~cted on eaid pre~?iese, or improvements thereon~ in good regair the Mortg~gee mt~y
make euch repaire ss in ite diecretion it may deem nec~maary fos the proper preeervution thereof~ ewd the fuli asnoun~
of each and every euch payment ebalt ba due a?nd psyable tbirty (30) daya atter• demxud, and ehall be ~cured by
the IIen of thie mortgage.
6• He will p~?y ~11 And siagulsr the coeta, ohsrgea and eacpen,ee~, inoluding reasonable laavyer's feee, and coete
of abetra.ate of title, in~urred or paid at any time by the ~4iortgagee becauee of the tailure on t,he p~rt of the IViortgagor
~ pmmptly and fu11y to perform the sgreementa and ooveaRate of eald promIeeary aote and thia mortgsge~ snd enid
o~e~~ c~a~B~, ~d ~Pe~ ~atl be tmmedIstte~? dum and pqyable and shsll be eeeured by the lien ot thie mortgag~e..
• 7'. He will oontin~uoue~y maint~ai.n bszard ineurance~ oi euch type or typee and ~mounte as Mortgagee m~y
fmm time to time require, on the amprnvemente now or hereaftex° on eaid premiaee ond except when psymenti
!or nll euch premiume bae the,retofore been made under (s of psragcs~ph ~t hereoi ~e will psy promptly rrrhen
due anp premiuma therefor. AU insutauce ehall be carci~in o~ompsnies ~?pprove~ by l~iortgag es ~nd the poli-
cies and renewale thereof ehall be held by Mortgagee ~nd hAVe sttached thereto lose payable clwuaes in favor ai
sttd in farm acce table to the Mo~gagee. In avent oi loe~ ha will ve immediste notice by mail to Mortgagee,
and 1Martgagee Finay mdke proof o~ loea ii not mdde promptlp by Mortgagor~ and each inaurance compaqy
ooncerned ia hersb authorized and directed to make payment for auch loes dirocWy to Mortgage~e inatead oi
Lo Mortgagor and ~ortgsgee ointiy, and the ineuran~e proc~ede, ar aay part thereof may be ep.plied bq I~iorb.
gageo at ite ogtion either to t~e reduction of the indebtednaes bereby eecured or to t~e restor~t~on or repsir of
t~he pmpeaty dama~ed. In event of forc+clo~ure of t~hia mortgage or other Lranefer of title to the mortgaged
properLy m eatingwshment of the indebtedneee seaured hergby, atl right, Wtle, and i.nterest of t6e Mortgagor
ia and to any insurance policiee th~n in force sha1l pase to t~e pum~seer or grsate~.
8. He will not eaecute or fiIe of record any inetniment which impoaea a reatriction upou the sale or o~cu-
; pancq of the property described herein on the bssis of race, color~ or creed.
9. Tf the premiaes, or an~ part thereof, be condemned under the gower oi eminent domain, or acquired
for a public use, t.he damag es awarded, the proceeds for the taking of, or thu consideration for auch ocquisi-
tion, to the extent of the full amount of the remnining unpaid indebtsdnc~a aecured by this mort~age, are
• hereliy assigneti to t}?a Mortgagee, end hie heirs or assigne, and shs1l be paid forthwith to said Mortgagee
; ~or his assignee .to be applied on account of the last maturing inatallmenta of au~h indebtnese; provided, how-
• ever, "the I1~iortgagee or his assignee, mey at his discretion pay direct to tha b:.,rtgagor, hia heire or aesigna
an~y.part or all of such aw~rd; provided, that if the toen_ie gueranteed or inaured, the conaent of the guaran-
tor or insurer is oUtained in advance of eaid payment.
~ 10. 'I'~~e Mortgegee msy~ at any time ~end'u?g a suit upon this mort~a~e apply to the couet havin~ jurisdic-
tion thereof for the appaintment of a rece~ver~ and auch court ahall forthwi4~ appoint e receiver of tho premisea
covered hereby all and aingular, includin~ all and singular the income, profits, isaues, and revenues teom ~vhst-
ever source derived, each and every of which it being eapresaly understood~ ia hereby mortgaged as iE specifically
eet forth and deacribed in the grent,ing i+nd hebendum clausea hereof, Such appoincment ehal! be made by
euch court as en admitted equtty end d mstter of sbsolute right Lo asid Mortgagee~ and without reference to
the adequscy or inadequacy of the value of the property mortgaged or to the solvencq or insolvency ot said
Mortgagor or the defendante. Such renta, profits, income, iasuee, and revenuea shall ba spplied by auch receiver
according to i,he lien of thia mortgage snd the practice of euch court. In the event of eny defautt on the pert
of the Mortgagor hereunder, t~he 14Sortgagor a~ee9 to pay to the Mor agee on demsnd ae a reasonebla monthlv
rentat for the premises an amount at leaat equivalent to one-tweltth of the aggreg ate of the twelve monthl,v
inetallments payable in the then current year plua the actual umount of the annusl ta~es, asseasmente~.water
raLes, and insurance premiuma for auch year not aovered by the ~?foresaid monthlq paymente.
. 11. In the event of sny breach of thie mortgage or default on the part of the l~iortgsgor~ or in the event
~ thet any of said euma of money herein referred to be not promptly and fully paid eccording to Lha tenor hereof
or in the evenL that each snd every the etip ulatione, agreemente conditiuna~ and cs~venents of said note ~n~ ~
thie mortgags, are not duly, prompLly~ e?nd fully performed or i~ the Mortgagor be sdjudicated bankrupt or
made defendant in a bankruptcy or receiverehi~ proceedinga; then in either or any auch event, th~ ssid sggre-
g w
gate sum mentioned in eaid note then remainizt unpaid~ w~th interest accrued to that time, snd All money
i secured hereby ahall become due and peyable forthwith, or thereafter, et the option of said I~iortgagee, as
j fully and camp~etely as if all the said sums of money were originally atipulated to be paid on auch dgy, an~-
~ thing in said note or in thia mortpage to tha gontrar~r notwithstanding; ~nd thereupon or ther~a#ter, ~?t the option
:'j of sa~d rTortga~ee, without notice or demRnd~ suit st law or in equity, mav be prosecuted sa if sll moneva
~ eecured hereby had mstured prior to ita inatitution. The Mortgagee msy {oreclose thia mortgage,~ as to the
amount so declared due and p~yable, snd the ssid premiees ahsll be sold to aetisty and pay the eume together
~ with coste eapeneea, and ellowances. In caee of pertidl forecloaure of thi~ mortgage, the mortgeged premisea
ahall be sof d subject to the continuing tien of this mortge~e for the ~mount of the debt not then due and nnpaid.
~ In such case the provisione of this paragraph may agsui be avsiled of thereetter from time to time by the ~
; Mortgagee.
; 12. No wniver of eay covenant herein or of the oblige~tion secured hereby sh~?ll at any time tliereafter be
held to be a waiver of the t~rma hereof or of the note eecured hereby.
i 13. The lien of thia inatrument ahall remsin in fuil force and effect during any postponement or extension
of the time of payment of the indebtedneas or anp part thereof secured hereby. ~
i 14. This mortgage ia given to secure Lhe purchase money, or s part thereof, of the landa herein described
snd ie executed and delivered contemporaneously with the deed therefor.
~ l5. If the Mortg~gor default in any of the covenants or ngreementa contained herein, or in said note, then
the Mortga~ee may.perform the same, and all expenditures~including reasonsble attorney's feea) made by the
E Mortgagee in eo doing ehsll drew interest nt the rats pcovi ed for in the principal indebtedness, nnd al~wll t~e
; repayable thirty (30) daye etfter demand~ arid, together with interest snd coats accrued thereon, ehall be eecured
' by thie mortgage. ~
, 18. Upon the requeet of tbe Mortgsgee the Mortgsgor ehell execute and deliver a aupplemental note or
; notes for the sum or eume advt?nced by the Mor:,gsgee for the aiteration, modernis~?tioa, improvement, main-
_ ~ tenance, or repsir of ssid premieee, for te?xes or ssseasmente againet the same snd for Aay other purpose autl~or-
ized hereunder. Said note or notes ahall be eecured hereby on s parity with and aa fully ae if the sdvence
; evidenced t~ereby were induded in t6e note fia~at deacribed abo~re. Said eupplemenf,al note or notea sh~ll bear