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The Mortgagee'may collect a "late charge" not to exCeed Five Cents (5c), for eaph dollar ($1.00) of c,ich total monthly payment mork! than 15 days in arrears to cover Ill& extra expense involved in handling delinquent accounts. It is further agreed that.in case any suit is begun to foreclose this mortgage, the Mortgagee, its representatives or assigns, s, and upon application therefor, tile court in 'which' such- action 911,111 .;hall at once be entitled to thlo 'possession of said premise. be brought or any judge of such court., 'either in term firne or vacation, is hereby authorized to appoint a receiver to take posses- sion of said premises, or . to collec�t the rents therefrom, and to do and perform such other acts.as may be. requiied -by the order of the court making the appointment; in(] said Mortgagor hereby waives any notice of such application. and- c6risents to the ap- pointnient of a receiver upon the �1)roduction of this mortgage, without other evidence. It is expressly agreed and understood that the 'Niortgagor shall proceed with the construction of a buildin oil said promises with all reasonable dispatch, and"due diligence and shall pay for any and all extras or modifications that he Ina3i make in said building, direct to the INIortgagee to be disbursed, together with the money loahed or advanced by, said Mortghgee in connection %%rith this loan. And it is further, agreed and understood that if the construction of said building be, at any time, discontinued o r not carriQd on with reasonable dispatch in the judgment of the Mortgagee, the 1%,lortgagee or any holder of itliv said note and Mortgage may purchase materials and emplo ' v workmen to protect said building, so that the same shall not suffer, from depreda- tion or the weather, or to complete said building, so,that it. inay b'e used for the purposes for which it i�; cicsign&l,� under the said plans at I id specifications; that all the sunis so paid, or expended. sliall be deemed to be advances t ' o the 1vlort�agor, and secured by the said note and mortgage and may be applied, at the Option of the said NNIortgagee, or any holder of said 'note and mortgage to any advances thereafter becoming title. But in no event shall the ivlortgagee be liable in any way to complete said building or to pay for the costs of construcf�ion beyond tile advances of the amounts deposited for said purposes or. loane(V by, tile Mortgagee for the construction of this building. And it is further expressly agreed and understood that if the Mortgagor sl6ll fail to complete said building in accordance with,the agrPements, blue prints all(] specifications filed in connection with this loan or shall neglect, faii or refus(� to pay for the costs and expenses in q ' onnection therewith, or shall fail in any other of the covenants hervin set forth, then, at the option of the Mortgagee or of the holder of the note and mortgage herein referred to, tile Mortgagek,may declare said loan to be, in default and the enti I re amount loaned si-n1l immediately become due- and payable and the propert y1herein referred to sliall be sc,curity for all of the ad%:Iances and expenses incurred and made by the 1%,lortgagee in connectionwith this provision. Without- limiting the generality of tile foregoing, file Mortgagee ,;hall have the right. to declare that defakllt has been Inade and the entire i ildebted ness hereunder to be due and payable at once upon the happening of any one of the following conditions: (a) Tile filing of any lien against the property, whother claimed to be prior to the first mortgage or subject thereto; (b) Tile entry of any judgment against the Mortgagor: (c) Tl i e, failure to comply strictly with zoning regulations, the provisions of tile city building colde, or, if, any stop order is issued 1�y public authorities; (d) 1% 11V misstatement in the loan application: (e) Any maierial change in the plans and specifications not first. approved in writing by the '1%'Ibrtgagc�e; (f) If work be delayed or suspended for a period of thirtV (30) (JaVs cauqe satisfactorv` to ille 1%,lortgagec, or should the Mortgagor fail to cause work to be pr0SCCLltWl vigorot'isly. i If the Mortgagee declares the loan to be in default under any provisions of this provision, the Mortga�,ee shall lie under po obligation to advance any fUrther nioneys-licreunder either for payment of work performed and materials al�eariy furnished, or tho.;e to be furnished later by the' 3%1ortgagor. It is understood and agreed that fit(,- ?\ fort gagor will use all advances made under this mortgage to drect a building on -aid prernises in accordance with'the plan.,;, specifications and goneral agreements filed in connection therewit-h. and heretofore approved by tile Mortgagee. It is understood and agreed that all materials delivered upon said premises for the. purpose of being i ncorp o rated in the building shall lie considered a part of file building. Mortgagee agrees to make advances unde.r this loan for the construction of said building from time,to time as agreed betw een the parties hereto. AND IT . IS EXPRESSLY AGREED AND UNDERSTOOD that said advances shall be paid onlN` when ii -I the judgment of the Mortgagee all work usually done at the stage of construction wIlLn the, advance is made payable shall hav:e been*done in a good and workmanlike manner, and all material% and fixtures usually furnished and installed. at that time shall have been fur- nished and installed; but the IN,lortgagee may advance parts, or the whole, of any installments before they I)ecom,(, due, if the Mort- �agce Shall believe it advisable to do so, and all such advances or payments shall be deemed to have been inafle' in pursuanc.e of this agreement, nothing, however, in this agreement shall bc� construed as a determination of tile quality of. tile work, labor or material.,; furnished by tile 1%,fortgagor or contractor and the IN,lortgagee ;hall be under no (hit%, or (?Ill igation to make soch determination. 'I'll(, 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 in my manner or way, whether voluntarily or involuntarily, without written consent of the Mortgagee being first had and obtained, Mortgagee ,hall have tlie�,riglit, at it's option, to declare -any indebtedness or obligations secured hereby, irrespective of the'niaturity (late specified -in any note evidencing the same, inu-nediately due and payable without notice, all(] said debt shall thereupon become absolute. If the ownership of the mort- gaged property becomes vested,in a person other than the Mortgagor, tlie�'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 secure(] without discharging or ill any way affecting the liability of the original Mortgagor hereunder or upon tile debt secured. In this instrunient the singular includes file plural and the masculine'includes the feminine and tile and this in- strkinient, shall 1)0. billdill"Upon tile undersigned, his heirs, personal representatives, successors ansl assigns. IN WITNESS WHEREOF, we ]lave hereunto set our hands and seal. the clay all(] year first above %%;,ritten. Ili 'the presence of: ............... ... .. .......... ............ ................................. Robert- iohansen eAz ............................. ................. ChriSti' S. JOA�an'sen