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to plat~ and tontinuousty krsp on tM b~:lidin9~ naM a Mro~ftsr ~lhl+t~ on uW I~r~d snd o~ ail eqvipm~nl ~++d ptrwnslfy tov~t~d b~YIAts ms,~tp~
t~gs~ with sl! p~emlunu IMr~oa~ p~ki in full, firv (niurant~ M iF+i wwi sundud polky fam, M~ ~um aPao~ed by Ihe MORTG~1t3EE, arxl wi~tam
i !~»wanc~ In ~h~ utuo! e~~nd~~d policy f~rm, a ~um approved by Ih~ RI(3AGEE, In nuch company a comp~nies s~ 1h~ MORiGAGEE m~y
cW~ct~ ~rv! ~II fk~ ~d vrindstam inwr~,xe policte• an any of u!d b~u ldinqs, any tnt~rttt tiar~ln at part IMr~at, ir~ tt?e ~~t9~t~ wm +~icY~~aid a
~ in ~zcMi Iheteof~ ~hall cont~ln IM uswi ~Nndud.mtxtqt9k tl~ua or wch ~Ihe~ cl~uH tha Morip~q~• rt?~y rpu'ut. m~ktnp tt~;k~t~ und~~ t+ld poiE
F tiM, ~~th ond ~v~ty. paY~bl~ ta taid MORTGAGEE u i~• In1e~»t may appear, ~ad tach ~nd ~vtry ~uch polity ~h~ll be p~anptly ~t~:pt?~d ~~d dtlivirsd ~o
u~r MW by a(d MORiOAGEE ~ti (~rlher securfty to ~ktd mortflsfle deb1, a~, n~l ~eu th~n len (10) d~y In sdvanca of the ~xplration qf aach policy, to d~- ;
Iha 1o uid MORTGI?GE~ a r~ntwal th~raof, lop~iher wiih a ~aetpt for 1!?e p~tm3um oi ~uch renewal~ artd Ihere shatl M no firt ot wlndstam Inwra~c~ ~
piicad or~ ~ny of sold buitd(r?p~, any tn~arc~~ tharsin w part ~Mreof, unlesi In.tM form ~nd wi~h ~M las~ p~yabl~ a~ ator~taid~ and`tn the ~v~n~ any wm ~
of nwMy becomu psyaW~ voder tvch polity or polities ~aid MORiGAGEE ~h~ll.'havt the option to tecelve •nd spply the wme on attount o( ihe indebted-
otta sta?t~d htreby or b p~rmil a~id MORTGAGORS to rcceive ~nd us~ h ot ~ny part Ihueof for oth~r purpc»e~, wilFwvl Iha~eb/ wairl~~ or in~p~ir•
ir~q anr ~quity, Iltn ot riqht under or by virlw oi Ihi~ mortflafle~ and in Ifie ~vtnl ~sid h10RTGAGORS shail (a any teation f~il !o kaap the •~id pr+mite~ ~o
ir?wred. or fel) fo dtliwr promptly any oI iaid policie~ of iosuronte lo ald MOitiGAGEE, w fail promptiy lo p~y fully any premivm tl~arota w in any
t~fpecl fa{I to ~wrto~rt~, di~tharye, •xecute, et~ect, complets, canply wi~h and abide by thf~ covenant, or any parl hareof, ~aid MORTGAGfE m~y plsce and
s pay (w avch Inwronc~ or any p~H thereoF without walv(ng w~Ifedir+g a~y bplto~, Ilen, equtty, or ri9h1 vnder or by virtw ot ihit Matyaye, snd tM
full smount ol each and wery wch payment ~hall be immadialely due and pa~•bl~ snd sh~ll bau tnteres~ irom ~hs dat• thereof unlll paW •t ths rot~ ol
~1M pO~ CMtum pOf ~MUm ~nd togalhe~ wllh wth Inlerosl ~hall ba tecured by N?e U~n of thi~ morf9sye. ~ " ;
~ 1. To permit, commll or iufter no wa~te, ~mpalrment w deterior~tion of iak! property or +ny psrt tMreaf. .
S. To pay alt and iJnyvlu th~ cost~, charge~ and expenses, Includiny • tPesan~ble ~Itarnay'~ fes •nd costf of abstiect~ o( t1t11, Mcu~r~d ot pald a1
~~y tlm~ by uid RAORTCiAGEE. btc+use or in IM ~vent of the failu~a an th~ pdrt pf ~he s~ld MORTGAGOR to dvly, prcxnp~ly and (ullY p~rfarm, di~ch~rg~
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~ ~xstute, •(fec~, complet~, comply with and abid~ by •ach end avery the ~tlp~latio~s, agreema~t~, eonditla?i, snd covenant• of tatd promtsiory nots and thl~
mor~y~e a~y or tiihtr, ~nd ~akl co~~i, charpe~ +nd expanaa~, eaeh and every, ~hall be lmmadiatrly due a~d Fayable= whother or not ther• be eotice da
mand. •tiempt to collect or tuit pendtnp; and tha full amovnt ot each arsd wd~Y such payment thall bear inlerest (rom iM dat~ thafeof untll pald al tM
rate of nlne p~r cent~m per ~mwmj snd ail ~ald cosn, charp~s and expen~et kK~rred w p+ld, tope~har wi?h wth tnlerelt. ~hall b~ ~cvf~d by tM li•n a! thi~
, ~ mott~aQ~. t ; .
6. That (a) tn tM evenl o( any breach af thtt Mortg~y~ ot d~f~vlt on Ihe;part of tha MORiGAGOR, or (b) ln the ovenf anr of; Nid tuma of money
her~ln r~(t~r~d Io b~ not p~anptly an ;}ully pald wi~hin Ihirty ('s0) dayt nexl ~iter Ihe •ame •everally become dw and payable, wiihqut dem~nd or notlce,
or W In ~M *wnt e+ch snd sv~ry tM stipulT~ .n~, agreements, condi~loni and tovtnanf~ of aid promlisery nota snd Ihi• matQa~~ ~~y er ~IIMr not
~ lvly, prompNy and fulty p~~famed, d~uhuged, exet~led, •Itared, compl~~sd; t~mplied wi~h ~nd sbided by, tlxn M e+lher a any tuth w~M tM aid a¢
pre9ata ~um men~ioo~d In •+id promii~ory note then ~emsintng unp+id, with Inferest ecuued, and ali moneyi ~ec~red hereby, ahall btcort» dw •nd p~y~
. sbl~ forthwith, a th~reaftor, at Ihe option of taid MORTGAGEE, a~ fully and' complelely at li all of 1ha iald wms of money wer~ wifllnally •ti~ul~ted
~y Io be p+?id on ~vch day, snythinfl tn taid promitsory note or In th~i Mortgag~ to the contrary nolwithstanding~ +r?d thtreupon or`tFxre~ftor ~t tht oplion of
x ~ald MORTGAGEE. withoul ~otia or drmand, tvit at law or"In cquity, ther~(ote or there~(ter begun, may be pto~ec~ted •s If ell moai~yt s~curad hereby
~ had muurcd prior 1o ib Inftitu~io~. , •
~ .7. That tn tM ev~nt th~t at tM baginninQ of or at •ny time pendinq ~ny tuif vpon tfils Mwtgsgs, or to for~cloa It, or to ~~torm (1, or to ~nfort~
psyrt?enf of ?ny el~ims Mrsu~der, ~aid e~IM1ORTGAGEE ~hall apply to the Cour1 having (urisdiclion thereof tw the eppointmenl of • R~c~lv~r, ~uch Covrt ~hsll
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~ fwthwlrh ~PPOI~II ~ fKlIYlf OI aid moHfls~sd property •Il snd •inyvlar, Incl~d~ng oll and ~ingula? ~he incom~, profiu, ittwt ~nd revanue• (rom whatev~r
~ wurc~ derived, ~sch ~nd ~very of which, i1 beinfl expressly underslood, i• Mrlby mortgaged as ii ~pecifially ut fotth and de~crilnd In IM y~~ntlnp and
Aab~ndum daus+~ htr~of, u~d wch Recelver shall have sll ihe broad and eftective functio~s and powen In anywi:e entrv~tsd by a Covrl fo ~ Ra<elv~r, •nd
wch appolntmenf shall 4~ made by such Court a: an admitted equity and a mitFer o( ab~olute ti9ht to said AhaR1GAGEE, ~rx! wlthoul ~~f*rsnc~ to tM
i. ~ ~dtqvuy or inadeqvacr of ~he val~e of the prope~ty mar~gayed or to the wNdncy or insolventy o( ~+id MORTGRGOR or 1M dafor?dant~~ u~d that wth
~ j r~nt~, pro(i?s, k~come, bsue~ and revmue~ sMll be epplied by such iteceiver ~ccwdi~q 1o the Ilen or equity of aid MCMTGAGEE +nd th~ pracric~ of ~uch
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~ 8. To d~ly, promptty •nd fully per(orm, discharge, execute, eifec~, mmpl~te, comply wilh •nd abide by oach and ~very tMs itlpulatlom, preert?~nb.
conditloru and covenant~ ir Faid promisiwy no~e ~nd ~hi~ mort~+ge ~et fath.
; 9. That In tha eveM tfie ownenhtp of the mortg+ged premis~s, or ~ny Fiart thereof, beconwi ve~ted In • p+rwn oth~r fhan 1h~ MORT(3AGOR, tFw
~ j MORTGAGEE, Its wcc~uor• ~r+d assiyns, m~y, wiihout no~ice to Ihe MORTGAOR, deal wiih tuch ~uccessor ot s~cceiwr !n lmsnst with retertnc~ to thU
~ f rtwrtya~e and tM debl herebY ~ettrred In the tama manner a~ with Mortgaya kri~hou~ ln any way vitiattnp or di~charptnp tM Mort~aqwi' Ilabflily Mrr
w~der a upun tha debt hereby ~ecured. No t+le o( the premise~ hereby mory,~mged and no (orbe~r+nce on tM part of Ih~ MORTGAGEE or It~ auccessoq
~ or suiqns and no extension of the time iw the paymenl of Ihe debi hereby secured yiven by the MORTGAGEE or its tucces~or• or as~iqn~, ~Full op~rat~
; W r~le+s~, diaMr~e, maii(y ch~nge or af(ect ih~ original liability of the MK7RTGAGOR Mreln, e11Mr tn whol~ or !n part. ~
10. It le ipecifkally ~grecd tbat time is oi the e~sencs of thii contr~ct a~d tha~ no w~ivsr of any obltgaUo~ h~reunder a of tM obll~~tton ~s-
cw~d Mr~by shall ~t ~nr tkne thueafler be held to be a waiver of the terms Aereof or of ihe In~trumeM ucured Mrby.
l l. In additio~ to the faego:ng monthly paymenl~ of princ:pal and inte~est required by Ihe promiuory- nots tecured hereby, m<xtpsQo~ covensnte
{ snd ~yrees ro pay to mortgegee with e~ch morohly paymeN an eddi~ionsl sum ettimated by mwlgagee to bs equal to 1/12 of the annua) tott of the follow~
: ~ng~
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~ A-All •real properfy taxes levitd or assessed against the above describei! resl e~tale.
B-Promiumt or? fk~ and wtndstorm inwrance as herein feq~~red to be utried on the improvemenh sitvab on tF?e abavo ckurliiad pt~rt+lwt. ~
a. ~ C-pramiumt on such m~xtgage yw~anty insur~r~ce af mortgsgee ?hall ,trert? tirt?e to time de~m fit to urry vn tha fo+n secur~d heraby. ~
Morty~yee •hall from time to Iime noti(y morlgagor in writing of the unoum due and payablr hersunder ind i+xh wm shaN H~erwpon b~ dw and ~
a~ psy+bl~ or? tha dw dats of the nezl monthly payment and each succestive rtlonlh there~fter yinlil mortgsgea ~hall notity morlgsgw of a chanp~ M wch ~
~ amouot. Such sums thsll be applied by mwtgayee toward the payment of real . property taxe~, insurance premiums, and mortyaye ~wr~nty tnsunntt ~
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~ 1 WITNE55 WHERE the aaid MORTGAGOR h~s herevnto :~t hii hand and wal tha day a ar tir~t •f saW. ~ ;
• de vsr n tht presance ofc ~
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counmr of S~. Lu n i,~,, u' '
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e.ro.. m. P.?.on~ny :ppou.a ~L ana
;1 H61A 0 POW6 ht~ wlf~, ro ms wsll known ~nd,~lcr~own to na ta bs ~
; tM kwdivfdu~b d~suibad In and who ~xacuted th~ for~oin~ irulrwn~nt. acknowleciQ~d Mfor~ rr~ that th~y •a~tut~d tho ~nt fa sh~ purpow~
' = tMr~4~ .,cp,~d. ,,,r,d ,M N H e 1 e n 0. P oNe 11 ~ `
€ ~ wli. of th~ atd ~ o s 9 p . •
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~xamk+atwn by m~ tak~n s~parat~ and apart from i~r aid hv~band, a to and bfai m~ that ~M ~x~tutsd kid kutrwrnint fr~tlr and volutr
~ tstily uid withovt ~ny compulsion, con~trolM, apprehemion, ot feu of or ft ~ Mr ~aW hu~barid. .
~ WITNfSS mr Mnd snd offkial s~a) thi~ d.y De ember p, ~q~
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