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<br /> `,� : - ti . . _ _ _ , . .. � ` -. ' � � • . `
<br /> � � ` . �� , ' �th� �ltort=as��. igy p�r�or� suct�. Rat�ntwnanas.snd.s�dci`��h� ` � _ . .
<br /> - - . . ' ,�xp�t�s`s to 4�A� grincipal° ba�tanc� ot th� not�. , •� •
<br /> � . . . . . < -
<br /> � 0. CASUALTY LaSSs in :thQ w�nt �of i�s�i or iia���_�� to • •
<br /> _ - _ ,isgrov�s�nts Qr ffxtur�s on th� propwrty. thf Mprtf:�or uy , '
<br /> -- �. _ : . . el�cti to r�psi.r oe r�plac� .such,f�pxov��t�nts .or lixtur��: ' �t! - -- ,- - _-
<br /> —=- ' ` � . the �tort�a�or shall •t�at nat to psrlor.a such. rspa•ir ar � � .
<br /> —= " ' r�pIac�m�nt� tR� principat baiancs of thi nQto and aCaru�d
<br /> .,,s in�s�Ast ¢hall` bvcome. duo and gayabl�. at once, st ths ' ,
<br /> - - - . � elsc;t#on a! th� Mor�ga�oe. AnY �nsuranc� proae�ds. payabla by -_ . �
<br /> � reasan o� lcss ar, d��a�e shatl bo plaeed fn oscrow wfth th�
<br /> Hartga�ee. an diabsarsed-durin� or upon comp,ietion,,of r4pair ori
<br /> -- - - - repiacamer►t:_,o�:,applfed..on.;.the. last .a�atur.ln�. .FaYa�nl�.due on,.:
<br /> ,;,..
<br /> tk�Q, note, a�. :thQ. o{ection.,_o;..�th� iipr.�Sagvr. , � .
<br /> • 9. GONDEMNATtON: If al,l; =o� any. por.tion of thv roa�l
<br /> estate, is candemned or acqui�red,for publfc use. 'th� resultin� -
<br /> ': ��,;' award, pr.oceeds .or consideTation shal 1 be assigned .and paid
<br /> - 'to the Hortgagee aad applied on the lact aaturin� pay��ntc vi�' � -
<br /> ,... i. • _ the note. � � ' -
<br /> ,- • . _
<br /> ��' `i - 10. DUE ON SALE: If .the property or any interest ir tho •
<br /> , • - ��.:�t� � property is sold vr conveyed or beapmes subiect. tq an . - -
<br /> �� �`�� ' _ agreement to sell or co�vey or an option Eo,purchase prior to � � -
<br /> � 4` r`'"��'• the time the it�debtB�ness sscured �s � �
<br /> �l: _ . _ . paid.;f.n.�ull. the entire _ �. � - _.
<br /> '� +• °` � ` inde6tedness seaured by this mort a e shal � beoome due and yY�`*1",�� --
<br /> � � • g � � �`�''�°�' -
<br /> : y,y{ � " �� parable, at the etection of the Mo��gagee.:.;.: . � _-
<br /> � � ... . . .�_ •• �-:, _
<br /> : . .. , . � :,.�� ,r;�
<br /> ��' t ' 11. ASSIGNMENT OF•.AEl�'FS:. t.l�.a� ay.�sy de�a�I L, the ._ � '�,_� ,k� •�t
<br /> , r �^:� -: 3�� Mortgagee may col tect al,l :ren�s� ar�� 3rotits'.�°from the property '.� --
<br /> �_...,.,t' "t--..'"r,' -
<br /> •;;: ��::.+ ��,.� dur ing the cont inuar.ce af such de�'a�3t: ' Upon the de 1 f very of . .. - __
<br /> .. , ._ . :' :�-..-
<br /> �"�`��� ''�� • ;= a copy of this assigrment to any tenant o8 a .
<br /> , •` portian of tha . �-,,-
<br />����� �.. ,;,t�;.;:",�`+�"`' ' .,- . property. suah.tenartit sha,i I; pax a l l subseccz.e�t.ts! .aacruing ' � -'_-,f �� _.
<br /> +JZ� �,� ren�s to tb� .rfpr�gagea, un��.L' further noti��:f rom the ';' sf �t�._,
<br /> : , ��rr .: ' • . <
<br /> � Mcrtgagee. �'�se Mcrteagee �hal l appiy al l rents raoeived fr��,. ' �t ,4 =
<br /> �, �'��F r, . . - , �c.���'- '..
<br /> . �;!r:% ' the property :to the �x,genses of auI€eotivn, to tha expenses �F '�:.•.;� •
<br />::,:.,,;:.� .: ,• . ;.:- , . '., .
<br /> , , ;;�,��,;� .. of mainteaance of ll�e property, anri to the principal batance F . �
<br /> '�'- of the not9. The Martgagor agrees not to collect rents from • '�� -i
<br /> �-�i�;�,�;,;:,= the progQrilP' in advance. � . .. _;,;
<br /> �, � ���: ,. �.�;; �2. RECE1V�Rs [:pon any defasst� and the commencament of ' � �•' -+
<br /> procaedings to #ar.e�Iase this mortgage. the Mortgagee shall ; ' - .- _,
<br /> `:.�,� .:
<br /> ' � be entitled �o pa5s�ssfon a'r.� use of the proparty, includiri� • '� �
<br /> " _ . ;�;;f,-,;�,•,�; • ' the rents a�. gisaY i ts, durfx�� the pendency of such : , ° ,. . ' ',,, . {-
<br /> i - ' . 1 . �i:';� �-
<br /> �:!?t'��>:�• proceedln�s. , .Possession qi the property �i:dbt be deliver�� ar•!� --�-�
<br /> � Z�'�'r' to th�. Mortgagee. �P delivary of r�•ssessi^;r y . " . � �:"r':�;,� ' ;y`�
<br /> ,; , , i s Tefclsed b .,,. 'r 'r��
<br /> ,;. _ ;,...; -_�c �
<br /> � �' �.�:�;. � • � ths Mortgagor. the i"lortgagee .shal i �e er►titled to tihe ��c�'. �
<br /> ` `�'� • ��,�� • , appointment of a receiver fvr the rr:��perty by any court of . • �' �'}^a£
<br /> ' 'f';:.,., - . . �--
<br /> ' ���,�;;:,�� compatent f�srisdiatian. as � �matter oP r 3g�t, without regarc� _ � �.�:�� "
<br /> , . � i�:�,:�,,,•;:�: . ' - , � .
<br /> :';;4;,,,t• < to the solvc-^.y or insolvEncy of the Mortgagor or the value . ' -
<br /> _ . ' ', _ . � of the prop��;Y, `a �o l l ect the rer.�, and prof its fr4m the - ` `�� ' • �
<br /> � ' . , property anrl a.�pc:� s�sch rents and pra�its acccrding to the �,
<br /> �. . . orders of �t�a •s,c�. ' , ���,;',;;r.
<br /> . ; . .�.,,. .� "•,:�•�:.:, .
<br /> 13. RELEASEs When the terms and oonditicrzss of this " • •� �
<br /> . .. � . � Y�';'� .� ..
<br /> . . , Mor�gage have been fvlly perYormsd. th9s Mort�age shatl be • •
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