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010085. The''M(irtgagee may collect a "late charge" not to exceed Five Cents (50 f(ir each dollar ($1.00) of each total monthly payllient more than 15) days in.arrears to cover the extra v.%pense involved in bandl ing delinquent accoul. ts. It, is further agreed that in case any suit is began to forcelose this mortgage, tile Mortgagee, its representatives or assigns, shall at one(, -be entitled to tile possession of said premises, and upon application therefor, the �ourt in which such action shall be brought or any judge of sucil court, either ill form time or vacation, is hereby authorized to appoint a rec�eiver. to -take posses- sion of said premises, or to collect the rents therefrom, in(] to (to and perform such other acts as may be required by the order of the couit- making. the appointment; and said Xfortgago�r hereby waives all' y notice of such application, in(] consent.,; to tile* all- pointment of a receiver upon the production of'this mortgage. without other vv*idence. It is expressly agreed and understood that tile IMortgagor shalt proceed with the construction of a buildinl, on said promises with all reasonable dispatch, .-Ind flue. diligence and sliall pay for any and all extras or modifications that lie may make in said building, dire."t to tile Mortgagee to be disburs&I, together witil tile money: loaned or advanced by said Mortgagee in connection with this loan.'And it is further agreed and understood that if tile construction of said building be, at any time, discontinued or not carried 6n with reasonable dispatch in the judgment of the Xlortgagep, tile iMortgagee or lily holder of file said note and Mortgage may.'purchase, mat.erials in(] employ workillen 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 may be used for the purposes for ),vhich it is designed, under the 8aid plaw, and specifications; that all tile sums so paid, or expended, shall be deemed to bf_�advances to the Ni Tort gagor, a not secured by tile said note and mortgage and may be applied, at the option of the said:lMortgagee, or any holder of said note and mort,�age to my advanc" thereafter becoming flue. But - in no event. shall the Xlortgagee . 'be liable in any way to complete said building or to pay for tile Costs of construction heyond tile advances of the amounts depo.4ited for said purposes or loaned by the Mortgagee for the; constru - clion of this building. And it is further expressh, agreed and understood that if the Mortgagor sliall-fail to complete said building Ili accordance with tile agreements,- blue prints and specifications filed ill connection Nvitli this loan or shall neglect, fait or r(,fuse to pay -for the cost,,; and expenses ill colinection therewith, or sliall fail in any other of the covenants herein set forth, thell, at the oplion of the Mortgagee or of the holder of the note and mortgage herein referred to, the Mortgagee may declare said' loan to) he ill default and tile entire aniount loaned sliall immediately become clue and payable and the property lieroin referred to sliall be security for all of the advances and expellses incurred and rilade by the I%Jortgagee in c6nnection with t'his provision. ' Without limiting, the generality of file foregoing, the Xlortgagee sball have tile right to declare that. default has been made and flic, entire indebtedness hereander to be due and payable at Once upoll tile I' lappening of ally One of the following Conditions: (a) filing of lily liell igainst, the property, whether claimed to he prior to the first mortgage or subject thereto; . (b) Tile entry of lily judg-ment against tile Mortgagor; (C) The failure to comply strictly with zoning regulations, the provisions Of tile city building code, or ifany stop,order is isSlMd fly J)ublic authorities; (d) Any misstatement in the loan application; (e) Anv material change in tho plans and specifications not first approved in writing by the I\Jortgagee: M If work he delayed or suspended for a period of thirty (30) daYs without cause satisfactory to tile Mortgagee, or should tho Mortgagor fail to cause work to be pro.-wcuted vigorouslN If the "IMortgnee declares the loan to hie. in defalilt under any provisions of this provision, tile jVlortgagee sball 1)(� under no obligation to advance anv further moneys hereunder either for 15aynient. of work performed in(] materials already furnisi or those to bo furi iished later by the 1VIortgagor. it, is understood and agreed that the Mortgagor will lose all advances niade under this mortgage to erect a building on said prenlises in accordance with the plans, specifications and general agreements filed ill comwetioll tjlere%\,jtll, all(l heretofore approved by the Mortgagee. It is understood and agreed that ali materials delivered upon said.premises for ill(-. purpose of being incorporated in the hililding shall be- considered a ])art, of the building. Xfortghgee agrees to make advances under this loan for the construction of Said building from tinit, lo tinie -is agreed between the parties hereto. AND IT IS EXPRESSLY AGREEM AND UNDERSTOOD that said advances shall tic, paid only when in the judgment Of the Xfortgagee all work usually (lone at the stage of construction Whell the advance i, made 1)11�'able sliall have been (lone in a good and workmanlike manner. and all materials and fixture.,; usually furnished and installed at that time sliall have been ft I ir- nislied and installed: but tfle 10ortgagee may advance parts, or the whole, of any installments before they become due, if tile gagee shall believe it advisable to do so, and all such advances or payments sliall be deemed to have been made -in pursuance�of this agreenient, nothing, however. in this agreement. sliall be construed as a determination of the quality of the worl�, labor or material.,; furnished by the Xfortgagor or contractor and thit IMortgagee shall be under no (hity or obligation to make such dMermination. The Mortgagee slijill be mibrogated to all of tile rights, privileges, priorities, and e(illiti" (if tiny lienholderwhose lien mpy have been discharged froni the proceeds of this loan, or by illy funds heroby 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 -,lily interest therein in ;illy manner or ,vay, 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 an indebtedness or obligations secured hereby, irrespective of the maturity (late specified in any note evidencing the same, immediately due and payable without notice, in(] said debt sliall thereupon become absolute. If the ownership of the mort- gaged property becomes vested in a person other than tile 1XIortgagor, the Alortgagee may, without notice to the Mortgagor, deal with such successor or successors in interest with reference to this mortgage an(I file debt hereby secured as with the Mortgagor, and may forbear to sue or may extend time for file payment of the debt hereby secured without discharging or in illy way affi�ecting tile liability of the original Mortgagor hereunder or upon tile debt secured. - Ili this 'instrUalCilt UIC SiligUlir includes the plural and tile masculine includes the ferninille and tile* lieliterand this in- strullient, shall be binding upoll tile undersigned. his heirs, personal represental.ives, successors and assigns. IN WITNESS WHEREOF, we have herounto set our hands and spal, tile day and year first above written. Ili the preseilce of: olcl� ........................................................ .tl rii� - �d ......................... ihki