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The Mortgagee may! collect a "late charge" not to exceed Five Cents (Jc) for each clollar'($1.00) of'each total ,monthly payment more than l:i days in arrears to cover the extra expense involved in handling delinquent accounts. It is further agreed ihat.in case any suit:is begun to foreclose this mortgage, the Mortgagee, its representatives or assigns, shall at once be entitled to ;the possession of said premises, and upon application therefor, the 'court in which such action shall bebrought or, any -judge of such court, either in term time or vacation, is hereby authorized to appoint a receiver to take posses- sion of said premises, or to collect the rents therefrom, and to do and perform such other acts as may be required by the order of the court` making" the appointment; and said 1\4ortgaggr hereby waives any notice of such application, and consents to the illi-, pointment of a receiver upon the production of this mortgage, without other evidence. It is expressly agreed antl understood that the Mortgagor shall proceed with the construction of a buildin;; on said premises with all reasonable, dispatch•'and due diligence anti shall pay for: any and all extras or tnoclifications that. he may make in said building, dire:a to the Mortgagee to be disbursed, together with tire money loaned or advanced by said N11ortg igee in connection with this loan. And itis further agreed and understood that if the construction 'of said building be, at any time, discontinued or not carried on with reasonable dispatch in the judlmtent of the Mortgagee, the Mortgagee or any holder of the. said note and Mortgagemaypurchase materials and employ workmen to protect said building, so that the same shall not suffer from depreda- tion or the weathor," or to complete said building, so that. it may be used for the purposes for which it is designed, under the said plans and specifications; that all the sums so paid, or expender], shall be deenned to'be advances to the Mortgzgor, and secured by the said note :and mortgage and may be applied, at t.he•option of the said Mortgagee, or any holder of said note and mortgage to any advances thcrcafter becoming clue. But in no event shall the Mortgagee lie liable in any way to complete said building or to;pay for the costs of construction beyond the "advances of the amounts cdeposite.cl for said purposes or loaned by the Mortgagee for the construction- of this building. And itis further expressly agreed 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 loan'or shall neglect, fail or refuse to pat -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 Mortgagee or of the holder of the note and mortgage therein referred to, the IMortgagee may declare said loan to be in default and the'erttire amount loaned 'shall immediately Become due, and payable and the property herein referrer] to shall be security for all of the achances and expenses incurred and made Uy the i�rdnrtgagee in connection with this provision.' Without lirititing thegenerality of the foregoing, the Mortgagee shall have the right to declare thatdefault has been made all([ the entire indebtedness hereunder to be clue and payable at once upori. the "happening of any one of the following conditions: (a) The -filing of any lien against the property, whether claimed to be prinr..to the first mortgage or "subject thereto; (b) The irntry of airy judgment against the Mortgagor; (c) Tile, failure to comply; strictly with zoning regulations, the provisioiis of the city building code, or' if any stop order is issued by public authorities; (d) Any misstatement in the loan application; (e) Any material change in the plans and specifications not first approved in writing by the A•fortgagee; (f) If work'he delayed or suspended for a period of thirty (30) days «;it.hout cause satisfactory to the Mortgagee, or should the ',%lortgagor.fail to cause work to be prosecuted vigorously. If the Mortgagee declares the loan to be in default tinder any provisions of this provision, the Mortgagee shall be tinder no 'obligation to advance any further moneys hereunder either for payment of wort: performed anti materials already furnished, or those to he furnishNI later by the Mortgagor. I It is understood and agreed that the Mortgagor will use all advances made under. this mortgage to erect. a building on said premises in accordance with the plans, speciftc:'itions and general agreements filet] in connection therewith, and heretofore approved by the .Mortgagee.', It -is understood and agreed that all materials delivered upon said premises for the purpose of being incorporated in the building shall he considered a part of the building. Mortgagee .agrees to make advances under this loan for the constructitm of said building from time to time as agreed between the parties hereto. AND IT .IS EXPRESSLY AGREED AND UNDERSTOOD that said advances shall be. paid only when in the judbineat of the Mortgagee"a 11 work usually clone at the stage of construction when the achvance is made payable shall have been clone in a gocid and "workmanlike manner, and all materials, and fixtures usually furnisha]'and installed at that time shall have been fur- nished and installed; but the Mortgagee may advance parts, or the whole, of ariy •iristalhtnents before they becom'k, clue, if the Mort- gagee shall believe'.it advisable to do so, and all such advances or payments shall he deemed to .have been made- in pursuance of this' agreement, nothing, however, in this agreement shall be construed as a"deterrnination of the quality of the work, labor or materials furbished by the 11lortgagor or contractor and the Mortgagee 'shall he under .iuo duty or cibligition to maize such determination,'' The Mortgagee shall be subrogated "to all of.the rights, privileges, priorities, and equities of any licnholder whose lien 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, conveyor alienate said property, or any part thereof, or any interest therein, or shall be divested of his title or any interest therein in any mariner or way, whether voluntarily or involuntarily, without written consent of the iMorthagee being first had and obtained, iVfortgagec shall have the right; at its option, to declare any indebtedness or obligations secured hereby, irrespective of the rtlat.urity date specified in any note evidencing the same, immediately due and payable without notice, and said cdebt'shall thereupon become absolute. If the ownership of the mort- gaged property becomes vested in a person other than the Mortgagor, the Mortgagee may, without notice to the Mortgagor, 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 debt hereby secured without discharging or in any way affecting the liability of the original Mortgagor hereunder or upon the debt secured. Iii this instrument the singular includes the plural and the masculine includes the feminine in(] the neuter and this in- strument shall be binding upon the undersigned, his heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, we have hereunto set our hands and seal, the clay and year first above written. In the presence 01: :......-... c :ouQ.CZ..:...................................... -Edward Ri Jenkin f rZ� . .......................................... ............. j F.. Charlanne--M. Jenkins