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ten~ler to ~1?~ ~1ort~;e~~~~r i~i u~car~lunrt~ witl~ thr pro~•isious of tlu~ notc• ec:rure~l liernl~v, ful! 4,e~~~n~rt?t of the~
entirc indebtedne~a re~prc~~~~nte~l thcrob~~, tl~c~ A1~rt~;aKet~, as trustce, slisti, in cc,n?pulii~~; the ~itiuui?t oi sucl~ ~
indebledneaq, cre~lit to tli~~ accounl ot t~ie \fort ~a~;c~r uny c•redii 1?ala~~cc~ re~~~nini~~R i~uiler Ihe pro~~isia~s o! (n)
of saic! ~are~rap}i 2. 1~ tl~~re~ sl+all bn a cle~au~t. un~ler a~?~• o[ tl~e pro~•isio~?s of tl~is iuc~rt~;A~c resultiu~; in r~ ~
publi~ aale of th~+ _prei»i~ra ro~•eced )~ereb~~, or if tl?~ Aiortgagee ncc~uues tl~c prupert~~ utluvH•ise t~fter default,
tl~e I~torlg~gee, as lruatE:c, shall upply, at the lin~e of 1hc coiumencement of such procee~linga or at the tim~
the propet4y ~ otherwisr arquirc~l, the emount theu r~niairiin~ to credit o! Alort~;a~;or u~idc~r (a) of pnruKraph 2
preceding ss s crt~clit on the intemst accrued wnc! unpaid $nd t)`o btilance to 4!?c pritieiJ~nl ihen reinaiuinK u~~paid
Al1 Aal(~ IlOlf.
4. Ha will pay all t~ee, as~exemen+,a, water rates, and other governmental or ruunlcipal chargea, 6nee~ or
impo~itiona, for which provision hae not been inade hereinbefore, and in default thereof the Mortgagee naay pay the
asme; and that he wilt promptly deliver tha off cial recaipta therefor to tha Mortga~gee. .
6. He will permit, cocumit, or suflfer no waste, impairment, or deterioration of a~id property or any part thereof
except reasonable wear and tear; and in the event of the faiture of th~ I~iortgagor to keep t~~ buildings on saic~
premises and thoee to be er~cted on said premisas~ or Improvement8 tt~ereon, in good repair, the Mortgagee may ~
make auch repaire ae in itri discretion it may deem neceesary for the proper presc,rvation thereof, snd the fult emouut
. of each and every such payment ehall b~ due and payable thirty (30) daye after demaud, and ehaU be eecured by
the lien of this mortgage. -
6. He wiU pay all and eingular the costs, ch~rgee, and expeciees, including reasanable lawyer'e feee, and coata ~
of sbetracta o~ title, incurred ~r paid at any time by the Mortgagee because of the lai;ure on the part of the Mortgagor
promptly and fully Lo periorm the agreements and covenants of eaid pmmisaory note and thia wortgage, and said
coate, chargea, and expensea shal! be immediately dus and payable and shall be eecured bp the lien of thia mortga~e.
7. He will oontinuously maintain haTQrd insurancs, of such type or tppee and azuounte as Mortgagee moy
from time to time r~quire, on the impmvements now or hereafter on said premises, and ~.~cept when payment ~
t~r all such premiums has theretoforo been made under (tt) of paragraph 2 hereof, he will pay promptly when
due any premiums therefor. A!I insurance shall ba carried in comparues agproved by I1lortga~ee aad the poli-
cies and renewals thereof s~iull be hgld by Mortgagee and have attarhed thereto loss payable clauses in favor of
and in form acceptablo ta the 11~iorf~agee. ~ In event of loss he w-ill ~ive immediate notice by mail to Mortgagee, _
and `iortga~;ee moy make proof of toss if not made prom~tly by Mortgagor, and each insur~nce company
. concerned is hereby authorizec! and d'uected to make payment for such loss directly to Mortga~e~e instead of
to I~iortgagor and hlortga.gee ointly , and the insurance prnceeds, or any part thereof, may be applied bq Mor~
gagee at ~ts option either to t~e reduction of the indebteduess hereby aecured or to t6e restorataon or repair of
the property damaged. In event of forecloaure oi this mortgage or other transfer of title to the mortgaged
~ property in extingu~shment of the indebtedness secured hereby, a~l right, title, and interest of the Mortgagor
w aud to any insurnnce poIIcies then in force shall pasa.to the purchaser or grantee. .
S. If t)ie prc~iuise~s, or:~u~• purt thrreaf, be rouileu~n~~J uuclcr th~ pok•er o[ en~in~nt ~loinu~n, or quir~~d for -
u put~lic use, tli~ dat~~n~;es u~surded, th~~ prorc~ecis for tLe takin~ o(, or the c~oa~sidc~rution for surl~ acquu'tion, to i
the ertetit of lhe full aanount of tlir r~~nit~inin~; unpnid indeLte~clnras s~~•urcd b~• this i~rortga~e, arc~ lierebt• -
. iissi~;nt~~t to thi~ Afortga~;ee, uu~i his lu~i« or ussirns, utul slu~ll h~~ paid (orthisith to suid ~lortg~gre ar )?i~
~ ussi~nee to be up~~lie<I o:~ ni•roi~~~t of ihi~ lust lllil(IlClili; instailii?c~i~ts of surli incicbt~~cln~~u; pro~~i~l~~d, ho~~•c~rer,
thc ~tortgaKc~ ar )iis :~~siK~~r~~, n~u~' iit 1?is ~lis~•rrliu~~ }~u~• ~lir~~~•t to t1u~ ~lortgn~;ur, his lu~ii~ or assi~;ns nn~~ pnrt ~
- or ull of sucl? a~curd; prorul~~d, tluit if the loan is ~ucu•unte~~~~l or insun~el, thi~ c•onsent of tlu~ ~uar~intvr or insurer
is ot~tained in advance o[ siiiil p~~•inc•nt. .
The i~iortgagee may, at any time pending a suit upon this mortgage,_apply to the coutt having juri.gdiction
thereof for the appointment of a receiver, and such c~urt shall forthwith appoint a recaiver of the premises covered ~
~ hereby all arid singular, including all and singular the income, profita, issues, and revenu~s from whatever source
deri~~ed, each and every of which, it being expressly undersEooci, is hereby mortgaged as if specifically set forth and
described in the granting and habendum clauses hereof. Such appointment shall be made by such cnutt as an admitted
equity and a~natter of at~soiute right Zo said 111ortgagee, and without reference to the adequacy or inadequacy of ~
' the valae of the property mortgaged or to the Fol~ ency or insolvency of said 114ortgagor or the defendants. Such
~ - _ rents, profita. income, issues, and revenues shall be applied by such receiver according to ttie lien of thia mortgage
and the practice of such court. In the ev~nt of any defauit on the part of the Mortgagor hereunder, the Mo: tgagor
. agrees to pay to the Mortgagee on demand as a reasonable monthly rental for the premises an amount at least
equivatent to ane-t.welfth {~2) of the a~qregate of tne twelve monthly installments payable in the then current
year plus the actual amount of the annual !axes, assessmente, water rates, and insurance premiums ior suc~ year
not covered by the aforesaid monthly pay ments.
10. In the event of any b*efsch of this mortgage or default an the part of the 1'Iortgagor; or in the event that
. any of said sums of money herein referred to be not promptiy and fuliy paid according to the tenor. hereaf, or in the
event that each and every the atipulatians, agreements, conditions, and covenants of said note and this mortga.ge,
u+e uot duly, promptly, and fully perforj.ned; then in either or any such event, the said aggregate sum mentioned
in said note then rernaining unpaid, with interest accrued to that time, and all moneys secuteci hereby, ahall hecome
due and paya4le forthwith, or thereafter, at the option of sa.id hSorfgagee, a.s fulIy and completely as if all of ~he
' said sums of money were originally stipulated to be paid on such dsy, anyihieg in said note or in this mortgage to
the contrary notwiEhstanding; and thereupon or thereafter, at the option of sAid Mortgagee, without not.ice or
demand, suit at law or in equit~r, may be prosecuted as if all moneys ~ecured hereby had matured prior ta its institu- -
_ tion. The iiurigagee may foreclose this mortgage, as to the amount so declared due and payable, and the said
. premises shall be sold ta 3atisfy and psy the ~me together with cosis, ~xgenses, and allowances. In case of part.isl
fareclosure of this mortgage, the mortgaged premises shall be sold subject to the continuing lien of this mortgage
for the amount of the debt not then due and unpaid. In sueh case the provisions of this paragraph inay again be -
availed of thereaiter fmm time r,o time by. the l~iortgagee,
11. No waiver of any c:ovenant herein or of the obligation :Recured hereby ahall nt any time thereafter be held -
to r,e a waiver of the terms hereof or of t,he note secured hereby.
_ 12._ The lien of thia instrument ehall remain in fuil force and eRect during any postponement or extension c~
the time of payme~t of the indebtedness or any psrt Lhereof secured hereby. -
- _ 13. If the Mortgagor defau?t in any of the cavenante or agreementa contained herein, or in said note, then th3 ~
Mortgagee may perform the same, and all expenditures (including reas~nable attorr~zy's fees) made by the MortgaRee
in so daing shall draw interest mt the rate provicled for in the principal indebtedness, and shaU be repa~ able
t6irty (30) doys after demand, and, together with interest and costs acerued thereon, sl~ali be secured by
this mortgage. - -
I~. Upon the request of the ;~Tortgagee the ZSortgagoT shatl execvte and deiiver a supplemental note or
~ notes [~r the sum or sums ad~anced by tt;e ~furtgsgee for the alteration, modernizstion~ improvement, main-
_ tenance; or repair o! said premises, for taxrs or as,~essme:~ts a~;ainst the sarne end for any other purpose author-
ized hereunder, Said note or noLes shsll be secured hereby on a parity with and as fully as if the acivance
evidenced thereby were include~ in the note first described above. Said s»pplementai note or notes shall bear
. interest at the rate provided for in the principa! -indebtedness and slzall be payable in approximately equal
month{y pay ments for such period ss may be agreed iipon b~• the creditor and deDtor. FRiling Lo ~gree ori the
maturity, the w6ole of the sum or sums so ad~anced shall bc due and pa~~able thirty (30; days after demar,d
by the creditor. In no event shall the maturity extend beyond t,he uitimate ~iat,urif,y of the note first
described above. ,
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