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tarider 60 ~h4 Mortge?~ee in ~*oce~will~ Lhe provieions ot tl~e notF ee~ated !?ereby, fu11, puymen~ o~ the
gatire inc~pbeedness npresented therebv, the Mortg~gee, ~?s trustae~ ahulll, in computing lhe ~~nount ot euch
. indp~tednees~ credi~ to tl?e account ot the Mortg~gor sn,v c~edit balance rein~ining under tlie provisiona of (a)
' oi t~?id ph 2. lf there eh~ll be • detault under any oi the provieions o! thie mortga~e reaulting it~ s
publia sal~he pcemises covered herebY o~ ~f th4•Mo~tga~e acquires the pmpetty ol~herwise alter delsult,
~ier ~=~a~~~ av szz:.'s'szt~ Ssis~i 3j'titi~~,i~L~~~~{uii8 i3P ~~w v~illll@flCfIllEii~ 8I 811Ch j!?QCeEdIII~ O! bf, ~IIB ~If118
the pmperty m otherwiee acquired~ the ~mount then re~~~slning to credit of Mortg~gor under (a) ot parsgr~pl~ 2
preceding se a crediL on the intereet a?ccrued ~nd unpaid and tl~e bal~nce to lhe principr?l then remaining unp~id
on said note. •
4. He ~ritl p~y ait t~uca, ae~e~emeats, w~?tAr rat~ee, aad ot,her~o
vernmental or municfp~?t abse~ee„'8ne~„ os
iaaporitbn~, fos whtoh proviaioa lue not been made 6eroiobetore, aad ia detwlL fhereof t~he Ddork~6~ ~3? P~Y ~
same; wd tb~?t be wlll promptly delivet the o~dal reoeipts theretor to t~de Mort;sgee.
b. He NiU permi~, oommtt, or euRer no w~et~e, iampairmen~ ar detertoratlon of said ProP~Y or any part thereot
e
eaceept e~eon~ble ~r ~nd t,ear • sad in the event of t,be t~ure ot tbe Mo r to kepep the buiidin~e oa esi~
premiees and thvse 4o be er~,atec~ on eaid premisa, or improvamenta tbereon, good rop~tr t~e Mortgagee an~?y
make woh repairs iu in ita dleeretion it mny deem neoeeeary f~r the pmper preecrvation thereaE~ and the iull sanount
ot ewh at~d every suoh p~?yment ehaU be due i?nd psyable t6ltty (30) dnys ~ftez dear,~od, aad ah~11 be eeoured by
~ of t~ ~
8. He wili p?y sll ~?nd s~nguLr ~be ooste, and espenee~, iaaludtna reaaonable ]awya's feee, aad oosta
ot ~ ot tdf~e, ~usred or ~ o: sa~ lia~
bya~
Lu~ostg~-sa basa?u~ oi t~ i~3t~ ~,n tbe par~ of tbe Mo
e
promptly and tully to pedorm the a~eementa and ooveaanta of eaid promiaeory not~e ~nd t~hia~ mo~,g~ge , e~a esid
oost,s, c,he?rg~, ~?nd expeneea ahaU be immedistely due and payable aad shAU be secured by the Uen of tLie mortpge.
7. He will oont3nuousl~ m~int~?in ha~rd '~useacs~ oi auch tyge or t~ snd smounts as MorLgagee me?p
trom time to time require, on the improvemente now or hereafter on eaid pnmises ~nd eacept whea payment
lor all such premiume haa theretviore been msde udder oi psrsgr~Fh 2 hereoi ~a wi11 p~?y pmmpWy when
n
due ~ny preaaiums thcsrefor. All insurance shall be ca~rri~ iu compsn~ ~?pprbvec~ by hiortg ee snd the poli-
cies and renewals tbereo! shall be held by Mortgagee and.hsve sttached thereto loea psysble c auses in isvor ot
and in foe~a scceptabla to Lbe Mort&sgee. In event oi lose he will give immediste notice by mail to Mortgagee,
and Mortgsgee msy make ,proof oi lass if not made promptly by Mortgagor~ end each ineursnce oompany
oonoemed is hereby~ suthonzed and directed to make psyment for such lo~a directly to Mortgage~e inet~ee?d of
to Mortgsgor and Mortgagee loinWy, and the inaurance proceeds, or any part thereof msy be applied by Morw
gagea a6 ita optaon either to the reduction vi t~he indebt~ednees bereby secured or ~o t~e resloraWon or repsir oi
the property dam~ed. In event oi foreclosure of t,hi~s mortgage;~or other transfer oi tiWe to tha mortgaged
~•n~*~, ~~„~!,~y~.~~.~~r.z in~~h~~ ~eur~ h~by, au ~gaL, ~ii~t~~ srnd intereat ot t~e IvIortga;gor
in and to any inaurance policies then in force eball pASS to the purchseer or grantee. _
8. lf the premis~~s, or an~• part U~ernof, bc~ concleiunecl uncler th~ pow~r of eminen6 cloiiinm, or acquired for
a public use, tlie dats~a~es awarded, tl~E~ pra•eeds for the takin ot, or thN ~onsidcrntion for sur)~ acyu~s~tion, to
the extFnt of tl~e full amount of U~e remaining unpnid itsde~te<Iness s~c~urecl h~ tl?is ~+~ortKuK~, arn hereb~-
assigned to the yfortgagee, onci his heirs or assi~;ns, und sliull Ix~ puid lorthwith to said ~tort{;n~e~ or I~is
asaignee 1o Ue applied on acrouni ut tli~ last nintur~~?k iustall~ii~nts of such indebtedness; pro~i~lecl, how~ve~,
the MortgaKe~ or hts asai~nee, n?a~ at 1»a discrelion pur dire~•t to tl?e tilortgAgor, Lis h~irs or assiKns an~• pnrt
or all of such awarcl; provtded, thut if the loun ia gunrunteed or insured, the consent o( tlie guurantur or utisurer
is obtsined in aclvance of said pa~•n?et~t. _
9. The Mortgagee msy, at any tlme pending a suit upon thia mortgage, apply to the court having jurisdiction
Lhereof for the appointment of a receiver~ and euch court ahall forthwith appoint a reaeiver ot the premiaes covered
• hereby al! sitd singular, includiag al! snd singular the inoome~ profite, iasuea, and revenuea from whatever source
derived, each aad every of which~ it being expressly underatood, ia heceby moNgaged ae if speci6cally aet forth end
described in the granting and habendum ctauees heteof. Such appointment ahall be made by euch oouct as an admitted
equity and a matter of sbsolute right to asid Mortgagee, and without reference to the adequacy or inadequacy of
the vslue of the property mortgaged os to Lhe eolvency_ or insolvency of said Iu~ortasaor or t~?e dpip~~,.r~A_ c~~~~,
~~C,a, p~i,ui~. incvwe, ~aeues, aao revenuea a~nsil oe applie~l by auch reoelver according to the lien of thia mortgage
and t,be prsctice of such oourt. In the event of any default on the p~srt of t6e Mortgagor herennder, the Mortgagor
agrees to psy to the Mo on demand as s reaaonable mont~ly rental for the premises an amount at leaat
equtvslent to dne-t~rel(th~of tbe aggregate of the twelve monthly installments payable in the then current
year plua the actual amount of the iwaual taxea, ~ents, wster rates, and in~urance preaaiuma for euch year
not covered by the sforeeaid ~ontlily p~?ymenta.
10. In the event oi any breach of thla mortgage or defsult on the part of the Mortgagor, or in the event that
say of asid aums oi money hetetn r~ierr~i to be not promptly snd fullypaid according to the tenor hereof, or in the
event that each snd every the et~pulstions, agreemente, conditions, and covenents of said aote and thia mortgage~
are sot duly, promptly, and fully perforane~i; then in either or any such event~ the asid aggregate sum mentione~i
ia aaid note then remainin~ unpaid, with intereat acerued to that time, and aq moneya aecured hereby, ahall become
due t?ad gsyable iorth~vith, or therealter, at the option of said Mortgagee, as fully and completely ~s it all of the
said aums oi money were orig~nally atipul~t~d to be paid on auch day, anyLhing in eaid note or in thie mortgage to
the contrary notwithatsnding; sad thereupon or thereafter~ at the option of aaid Mortgagee, without notice ~s
demand~ suit st iew or in equity, may be prosecuted ae if sll moneye eecured hereby had matured prior to its institu-
t~on. The Mortgagee msy toseclose this mortgage, sa to the amount eo declared due and psyable, snd the aaid
premieea ahsll be ~old to sstisfy snd pay the aame together with coats~ expeneea, snd sllowancea. In case of partial
forecl~ure of this mortdage, the mortgsged premisee shall be aotd subject to the continuing lien of this mortgage
for tbe amount of the debt not then due and unpaid. In aucb caae the provisions of this paragrsph may again be
avsiled oi thereafter trom Ume to time by tha Mortgagee.
11. No w~tver ot any ooveaant herein or of the obligaeion ee.cw~ed hereby ahall at any , time thereaf ter be held
to be e waiver of tbe tesms hereot or of Lhe note eecured hereby.
12. Tbe lkn of this instn~ment a6all remain in full force snd eHect during sny postponement ar exteneion af
fbe ttme of p~rmen0 vf tLe indebt,edntss or aay part thereoi secund 6ereby.
13. If t~e Mortgagor dtf~ult in any of the oovenante or agreemente contained herein, or in eaid note, then the
Mo:tgegee msy peiiorm the same~ snd all eup~enditurea (including reaaonable attorney's fees) made by the Mortga~ee
in so doin ahalt dnw intereat at the rste provided for in the principal indebtednesa, snd shsll be repayable '
thitty (30~ days af6er demand, and, together with interest snd costs accrued thereon, al~sll ba secwed by • '
t,his mortgaga.
14. Upon the request ot the Mori~sgee the Mortgagor shall ea~ecute nnd deliver a supplemental note or
nat,es far tbe aum or sums t~dv~nced by tbe Mortgagee for the alteratioa, modernizatior~~.improvement, main-
teaance~ or repair oI aaid premiaes, for tsxes or ssgessmenta sgainsL the same and tor any other purpase author-
ised hereunder. Said note or notes shall be secured hereby on a patity with and as tully as ~t the acivance
, evidenced thereby were included ia the note firet deecribed sbove. Said anpplemental note or notes shall bear
; iaterest at the rate provided for in the principal indebtedness end ahall be psysble in ap proximately equa!
raont6ly p~yments for euch period as mAy be s~eed upon b the creditor and debWr, Fail'u~g to agree on the
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maturi6y~ the wbole of t.he sum or sums so advanced shall due and pa} e?ble thirty (30) d ya stt~er demsnd
bq t,ha creditor. In no event aLall the matwity ext,end beyoad the ultimste r.uturity oi ~he note first
; dacribed ~bove. _
~ 494 ~~Ei9 ~ ~~s
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