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The Mortgagee may collect a "late charge mat to exceed. Five Cents (50. or each dollar ($1.00) of each: total monthly payment more than 15 clays in arrears to cover the` extra expense involved in handling" deliciryuent accounts. r1 It is further agreed that in case any suit is` begun to foreclose'this mortgage'! the Mortgagee, its representatives or assigns, shall at once be entitled to tdie possession .of said promises, ,1n& upon application therefor, the court in which such action shall be brought or any judge of such c6urt, either in term time, or "vacation, is hereby authorized to appoint a receiver to. take posses- sion of said promises,' or to collect_41ie rents therefrom, and to do, and perform such other, acts as may be required by. the order of the court making the appoiittntdnt; and said Mortgagor hereby waives any notice cif such application, and consents to the ap- pointment of a receiver upon the production of this mortgage, without other evidence: It is expressly agreed and junderstood that ,the Mortgagor shall proceed with the construction of a building on said premises with all reasonable. dispatch, and Niue diligence and shall ltay for any and all extras for modifications that. he :may.-ritake in said building, direct to the Mortgagee . to be disbursed, together with the money loaned:or advanced:;by said Mortgagee.in connection with this loan. And it is further agreed and understood that if the construction 'of said ;building be, at any time,�discontinued or not carried on with: reasonable dispatch in f.he• judgment of the,' Mortgagee, the I ortgagee of any' holder of thesaid note and Mortgage may purchase materials', and employ vyorkmen to protect said building, so that the same shall not suffer�£rom depreda- tion yr the weather, or to contlilete said buildin„ :o -that it may be used for the purposes for which it is designed, tinder the said plans and specifications; that fall the sums so paid, or expended, shall be` deemed to I advances to the 'Nlorfgagor; and secured by, the said note and mortgagr and may he applied, at the'option of the said Mortgal ee, or any holder of said nate and mortgage to any advances thereafter becoming due. But in no `e��ent shall the \4ortgagee he liable in', any way to complete'•said building or to''pay for the costs, of construction beyond the advances of the amounts.depositedifor said purposes or loaned by'the Mortgagee for'the construction of this buildintr. And it `is further eapressly a„reed and understood, that;'if the Mortgagor shall' fail to complete said building in accordance "with 'the agreements blue prints• and specifications filed in connection with this lo.m or. shall neglect, faii or refuse ao pay -for the costs and expenses, ill connection therewith, or shall fail' in any other of the covenants herein set forth, then, at the option of the Mortgagee or of the holcler of the note and mortgage herein referred to, the Mortgagee�maydeclare said loan to he in default and the entire amount loaned shall immediately become clue ancl;payable alnil the property herein referred to shall be security f6r all of the advances and expenses` incurred. and made by the \4ortghgee in connection with this, provision. Without. limiting the generality of the foregoing, the lklortgagee shill have the right to fhclare that default has been made and the entire indebtednc ss heremuler to he due acid 'payable' at once upon the happoning of any, one of the following conditions:* (a) The filing of any lien against the prapert.y, whether chimed to he prior-to!the first i'ortgage or•subj t thereto; (b) The entry of any ljudl,*cnent against the irlortgagor; - (c) The failure to comply strictly with zonia rc�gul itions, the provisions 'of the city I uilding code, or tf any stop order is issued by pubic authorities; a la (r]) Any misstatement in ;the loan application; (e) Any material change:in the plans an& specifications not first approved in writing by the i\fortgagee;'. (f) If world be delayi•d or suspended"for a. period of thirty (30) ,days -ithAit cause satisfactory to jjie Mort.gagee,. or should the Nlortgagor fail to �c.nase work to'be„prosecuted vigorously. , If the Mortgagee declares the loan to be In default” wider any provisions�of this provision, t}ae Mortgagee'shall be under no obligation to "advance any further moneys hereunder either for payment of wort; performed and materials already furnished, or th6se to he furnisher) later by !the 14ortgagor. It is understood and agreed that.the Mdrlgagor will use all advances made under this mortgage to erect •a building on said premises in accordance with the plans, specifications and general agreements filed in" conlnection therewith, in(] )teretofore approved by the Mortgagee. It is understood and agreed that all materials delivered upon : aid prerpises for the purpose of being incorporated in the building .shall he considerer) apart of the building.:' , Mortgagee• agrees to; make advances under, this: loan for the constniction.of Said bu•irling from time to'tame'as agreed between the pnrtces'hereto. I AND IVIS EXPRElSShY AGREED AND UNDERSTOOD that said'advances shall he paid only vvheii in the judgment of the Mortgagee all work usually done at the stage of. construction when the ad lin�co is made payable: shall have been done in a good and workmanlike mann6r, and all materials and fixtures usually furnished ani)! installer) at that time shall have been fur - niched and installed; but the i\,lortgagee may advaltce parts, or the whole, of any it'itallments before they heconie clue; if the Mort- gagee shall believe it advisable to do so, and all such advances or payments shall be, deemed :o have been made in puTsuance`_of this agreement, nothing, however. in this agreement •shall -be construed as a dete'rmmation of the quality of the work, -labor or materials furnished liv the 'Mortgagor or contractor and the Mortgagee shalli he ;undrlr no duty or obligation to make such determination.` j The Mortgagee shall he subrogated to all of the rights, privileges. priorities,land eitui.ics of any lienholder whose lien may have been discharged from the proceeds of this' loan, or by any funds `hereby, pair)! or -furnished by the Mortgagee. IT IS EXPRESSLY, AGREED thatiC the Mortgagor shall sell;'convey`or{alt anate said property, or'any part thereof, or any interest therein, or shall he divested of his•title or any interest therein tit any manner or way, whether. voluntarily or involuntarily, without written consent of the Mortgagee' being first had and obtained,? Mortgagee shall have the right, at its .option, to declare any imlobtedness or obligations secured hereby, irrespective of the naatukty date specified in -any note evidencing the same, immediately clue and payable without `notice, and said debit shall thereupon liocome! absolute. If the ownership of the mort- gaged property becomes vested in a person other than the Mortgagor, the Mortgagee may, without notice to tide Mortgagor, deal with such. successor or successors; in interest with ;reference to this mortgage and ,thoe debt hereby secured as with'Ahe Mortgagor, and may forbear to sue or miay extend time for the payment of the debt hereby.secured without discharging or in anyway affecting the liability of the original Mortgagor hereunder 'or upon the delit secured. I In •this, instrument the.singular. includes.�the "plural and the masculine includes'the feminine and the neuter and this in- ' strument.,shalI he binding upon the undersigned,:his heirs, personal representatives, (successors land assigns. IN WITNESS WHEREOF, we have`li reunto set our hands and seal, lho day and year first above written. . . i A it In the presence of: .: ... ........... . .... ........................... :Keith A. Haussler � .... ... .............: gud3tli A'. aussler