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The Mortgagee may collect a "late charge" notto exceed Five Cents (5c) for, each dollar (S1.00).of each total monthly payment more than tai days in arrears to cover file extra expense involved in handling delinquent accounts.. • It is further agreed that in case any suit is begun to foreclose this mortgage, the Moirtgclgee, its representatives or assigns; shall at once he entitled to the possession of said premises,and upon application therefor, the court in which such action shall be brought or any 'judge of such court, either in term time 'or vacation, is hereby. authorized to. appoint a receiverto take posses- sion of said premises, or'to collect. the renis therefrom, and to do and perform such other acts. as may be required by the orcder of the court ranking the appointment; and said Mortgagor hereby waives any notice of suet' aliplication, aiul consents to the ap- pointment of a receiver upon the.production of this mortgage, without other evidence. It is expressly agreed and understood that the i\•lortgagor shall proceed with the construction of a buildin„ on said premises with all reasonable dispatch, and clue diligence and shall pay for any and all extras or modifications that, he may make in said building, direct. t6- the INIortgage'e to he disbursed, together with the money loaned or advanced by said \lortgagee in connection V ith this loan. And it. is further agreed and understood that if the construction of said building be, at any time, discontinued oi- not carried on with reasonable dispatch in the judgment of the Mortgagee, the Mortgagee or any holder uf:the said note and Mortgage may purchase materials and employ workmen to protect said building, so that the sa me shall not suffer from depreda- tion or the weather, or to complete said building, sii that. it may be used for the.purposes for which it is designed; under the said plans and specific•rtions: that all the sums so Paid, or expended• shall be deetn«l to be advances to the i\1or1'gagor, and secured by the said note and mortgage and maty be applied, rat. file option of the said I\lortgagee, or any holder of said mote and mortgage to any advances thereafter becoming due. I3ut. in no event shall the Mortgagee tie 'liable in any way to contpletc'saicd building or to pay for the costs of construction heyond the aidvances of the antounis deposited for said purposes or loaned by the Mortgagee for the construclioru of this building. And it is further expressly agreed and uncle°'stood that if the -Mortgagor shall fail to complete said building in accordance with the agreements, blue prints and specificationsfiled in connection with this loan or shall neglect, faii or refuse to -pay for the costs and expenses in connection. therewith, or shall fail in any other of the covenants herein set forth, then, at the option of the 1,lortgagee or of the holder of the note and mortgage herein referred to, the Mortgagee may declare said Joan to be in default and the entire amount, loaned shall immediately become c11te:and payable and the property herein referred to shall be security for all oC the advances and expenses incurred and made by the Mortgagee in connection,,vith'this provision. Without limiting the generality of the foregoing, the i\lortgagee shall have file right to declare that default has been made ands the entire indebtedness hereunder to be clue and payable at onu ce pon the happening of any one of the following.conditions: (a) The filing of.any lien against the property, whether claimed to he prior to the first mortgage or subject thereto; (b) The entry of any judgment against the Mortgagor; (c) The failure to comply strictly with zoning.regulations, the provisions of the city huilrling code; or if any stop order }s issued by public authorities; (d)' Any nlistatentent in the loan application; (e) Any material change in theplans marl specifications not first approved in writing by the Alortgagec; (f) If hoick be delayed or suspended f6r a period of t.hirty (30) da}s %vithmrf cause satisGuclory to. the \4orfgagec, or should the N-Iortg.;,or fail to cause wort: to be ' prosecuted vigorously. If the Mortgagee declares the loan to be in default under any provisions of this provision. the 'Mortgagee shall be wlder III) obligation to :irl.vance any further moneys hereunder either for payment of NyoFk performed :incl materials already furnished,,or those to he furnislie•d later by the Mortgagor. It is understood and agreed that the i\lorigagor will use all advances made under this mortgage to erect a building'on said premises in accordance with the plans, specifications and general agreenteti#s .filed in connection therewith, and heretofore approved by the i,Iortgagee. It is understood and agreed that all materials delivered upon said prr-tnises,for the purpose of being ini)orporated in the building shall be cr nsidered a part of the building. vlortgagee' agrees to make advances under this loan for the construction of said building from tinct' iir time as al;reerl 1)et.ween the parties hereto. AND IT I F;PRESSLY AGREED AND LJNDERSTOOD that said advances shall be paid only whL>n in the judtnnent of the Mortgagee all work usually clone at the stage of construction when file advance is made. payable shall haivo been done in a good and workmanlike manner• and all materials and fixtures usually furnisheit- and installed -it that time shall have been fur Wished and installed; but the Mortgagee may advance parts, or the whole, of apt= installments before they become clue. if the i\,fort- gaigee shall believe it advisable to do so, and all such advances or payments sliA be deemed to havt been made in pursuance of this agreement, nothing, however. in this agreement.•shall be cpnstrued as a fletermination of the qunlityof the work. labor or materials furnisher) by the Mortgagor or contractor and the Mortgagee: shall he uncdcr no duty or oltligation to make such determination.,, The Mortgagee shall be subrogated to all of the rights, privileges, priorities, and equities of any lienholder whose liell May have been discharged from the proceeds of this loan, or by any funds hereby paid or furnished by the Mortgagee. IT IS EXPRESSLY AGREED that if the 'Mortgagor shall sell, convey. or alienate said property, or any part. thereof, or any interest.therein, or shall be divested of his title or any interest therein• is anty 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 -indebtedness or obligations secured hereby, irrespective of the milturit.y date specified in any note evidencing the O same, immediately due and payable without notice, and said debt shall thereupon become absolute. If the ownership of the mort- gaged property, becM omes vested in a person other than the 'ortgagor, the Mortgagee, may, without notice to tilt i\forigagor, deal with such successor or successors in interest with reference to this mortgage and the debt hereby secured as with the Mortgagor, and may forbear .to sue or may extend time for- the Payment of the debf hereby_ secured without discharging or in any way affecting the liability of the•original •Mortgagor hereunder or upon the debt secured. in this instrument the singular includes the plural and the masculine` includes the feminine and 111v neuter and this in- strurnent. shall hP.,binding upon the unclet:signed: his heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, we have ".hereunto set our hands and seal-.1he day and year first above written. In the presence of: ' �1 zl , Delbert` D.asmeeer � ...................... Lois A. Theasmeyer