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<br /> (�) Tttat Mc�stgagor �rill insure nnd keep ineured buildinge or other
<br /> improvemante noM on or Whioh may herea��Fter bc piaced on eeid premises to Che -
<br /> eatisleaeion of the Mortgagee, suah iaeuraunce poliay shaii be eradorsed reieh a
<br /> noscgage oiauao aith tho l000 tha�reumde� to be �ayabie to the Mortgagee. �Y -.
<br /> eums received nsey be uaed to pay !or reaonatruation of the destroyeel
<br /> it►�provemeates or, if not eo dpplied, may, at• the aptioa oP the Afozt9a8ee, �e
<br /> epplie� in pe►ymeat of as�y indabted�es, mattuced or umnatured, eecured by thie
<br /> mostgage. T)ne Mortgagor ahail be �rovided ritts a oopy of the policy or other
<br /> e�tislnatory evidence of euch insuranae.
<br /> (g) Thnt ia the evem the Moregagos faile to pay ahen due eu►y taxes,
<br /> iien», iudgmente or assaeameats, or tail toineintain iaeuraace ae here3AbePose
<br /> provi.6s8, or Paii to pay rents, feee ox cbarges uader tho terms of er►y lease
<br /> pasmit, licenee, os pxAvilegej or M�rtgagee io required to incur expeaeee f°=
<br /> nhstcact gees, attorney fees, coats, expen9ee and ot.tsor charges in cmaneation
<br /> rith liti9�tion Mortgagee may make euch pmyrt�eat or provfde such ir�eurance, or
<br /> � i,ncur such obiigatioa, and the amouaxe paid tl�e�refor shali bec� � ��� af �S °
<br /> indebtesdnee� eecured herat�y due and Pa1►al�lo immediately, and�hall bear iaeerest -
<br /> grom th� dmte aP pay�ent at the xate oE foi�rteen paxaent per ismsum. .
<br /> . • (6) That in the event Mortgages defaults ia the payment of aaid psiaaipal
<br /> sum..or of anY iasta2lmant thereof, os o� art�► iaterest �hereon, at the time �hen .
<br /> the eame ehail be due, ar Mith reapact to any coveaa:►t or conditios�herc+o�, then.
<br /> at t3ie option o�E Mo:�tgagee, the enXire iudebtednees eeaured hereby ehail
<br /> g�htt�� � �g w.�d peynbie, sbaii bear iatereat +at the rate of tourtoen
<br /> perceat per enaum. and the M�ostg+�gea n►�y �.mnedie�tely foreolosure thie iaostgage
<br /> oY�uraue au►y o�hes availabie legal reciedy.
<br /> (7) The principai amo�t oi the Isos�tgage e�nd a�ny interest thexeon nhali
<br /> becun� due end pa�yabie nt the opeiasz o! Che Mose9ag�ee alter the dslaul� in
<br /> paymea�t o� any installment o! prinoipsZ or ot i�atera�t, Mhich delauit continues
<br /> !or littaen (15I daY�. or atter th� dsfaultc ct tha Mortgdgor to can�ly �►i.th �nY
<br /> oth�s' term�, �onditions or covenat�te a! t.he 1�ortgsSe•
<br /> te) Thot laiiure or deley ot Dimrega9ee ta exezciee any oi itp ri�htw or
<br /> privilegen shail mot be co�nstruod as a waiver theraaf j tliat awy aat oF Mort9agee
<br /> Maiving a:sy speci�'ic defa�uli oP Mortgagor ehaii ru�t.be coastzue8 as n Kaiver o!
<br /> arry tuture defaultss that in caoe o� detault in the paymenx of any emortizstion
<br /> instalia�ente or 3atereet, or in case o� paymeat by Mortga�5ee cf aY►Y lie�s,
<br /> judgment, tax, insuri►nce, aoet or expense, or reate, gees or chargao, eaid
<br />- Mortgagee ahali have ttie privilege, �rithoiat dealaring the xhole �adebtedneee� due
<br /> aYtd pa►yable, to foreclose on aacourat of eucta specifia default Sor such sumrt as
<br /> are i:i delau2t c�ud auch farecioeuse pr.cx:eediage maY� �dd �8 �e land described
<br /> herein may ba soid, eubject to tlse unpaid iadebtedneee hereby secwced, aad thie
<br /> mortgage B4ial1 contiinue ee a lien for any usspaid b�lance.
<br /> (9) Th�t tihe Mortgengea may esctead auid defer the maturity of as�d reaex ar►d
<br /> reamortise e�ic1 inQebtedaess, reieaee fran liebility ar►y party liable tltereon,
<br />- end releaee fran the lien hereof portions oi the propertY covered heseby, Mithout
<br />= afPeatiag the priority hereof or tlze liability of Mortgngora or auaa► other perty
<br /> �or the pnyment vf eeid indAbtedrieae, aii such exteaeions, defermente, rene+nals,
<br /> and rean�oxti$atione to be seeured tzereby.
<br /> (10) it ie sgreed betvreen the partiee hereto, their heire, legai
<br />- repreeentativoa aa8 assigna, that the iategrity cutd responaibiSity of the
<br />= Mortgagor constitutes a pari of thn consideYation for the aote eecured hereby,
<br />- and that eat the option of tP►e Mortgagee, the er�tire unpaid balance of the
<br />- priacipai sum, aiad a1L accrued iatereet� ohaii becane due and gaYabie immediately
<br />° in the event the Mortgngor shail, ovitlaout ttae srritten coaeent of the Mortgagee,
<br />� eeii, traaefer, or aesigra the reai property as�d buil8ing whiah are the eubiaat
<br />- ot this Mortgage, grant or permit aszy mortgnge or liea on the propetty oiher theui �
<br /> this mortgage.
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