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<br />... 10075...
<br />6 Monthly escrow payments to cover real estate taxes and insurance of the premises will be requ red for the laic of the
<br />loan. or in the alternative, such escrow will be waived, so long as Mortgagor provides Mortgagee or Servicing Agent a "
<br />valid annual tax payment receipt and appropriate insurance verification.
<br />7: Mortgagor shall not sell, convey, transfer, dispose of. or further encumber the mortgaged property or any pare thereof.
<br />Should the Mortgagor sell, convey, transfer, dispose of; or further encumber the mortgaged property or any part ;
<br />thereof. or any interest therein, either voluntarily or involuntarity, or agree so to do, without the written consent of
<br />Mortgagee being first obtai nca. then Mortgagee shall have the right at its option to declare all amounts secured hereby
<br />immediately due and a able. Consent t
<br />P Y oone such transaction
<br />shah not o be deemed a wily
<br />such consent to further or successive transactions, waiver of the right to require
<br />$; Mortgagor shall, at its expense. furnish Mortgagee annually within ninety (gd) days after the close of each Mortgagor's
<br />fiscal years, an audited financial statement for such fiscal year, consisting of a balance sheet and profit and toss
<br />statement, in such reasonable detail as Mortgagee may request, audited and certified by a certified public accountant-
<br />4, "
<br />or accountants of recognized standing approved by Mortgagee. setting forth the financial condition and the income
<br />` and expense of both Mortgagor and of the lessee for such fiscal year. Upon Mortgagee's requesf, MortgagorshafR attfs.
<br />expense, also furnish to Mortgagee such interim balances and profit and loss statement as may reasonably be "
<br />required from time to time by Mortgagee: Upon Morlagee's request, Mortgagor shalt furnish Mortgagee with
<br />convenient facilities and all books and records necessary for an audit of such statements.
<br />9. It is further agreed that in case of waste or material diminution in value of the premises herein described or in the case
<br />that said premises shall not be kept in good repair, or in default of the payment of any part of the principal. interest, taxes;
<br />or insurance when due as herein provided, Mortgagee shaft have the right to apply to any court of
<br />Competent
<br />jurisdiction for the appointment ota receiver for the reefs and profit sofsakiproper ty,towhichappo#ntmeErtfworloalgoir.
<br />does hereby consent which receiver shall, when appointed, take charge of the mortgaged premises at onceand hoild
<br />Possession of the same until the debt is fully paid and the finw of redemption expires, and all ruts and profftderivedl
<br />from said premises shall be applied on the debt secured hereby, the said receiver having full
<br />premises and co#leci rents therefor, to make necessary said" . -
<br />repairs, insure said property and Pay taxes* and said receiver to
<br />be paid a reasonable compensation for his service and a€t necessary expenses-
<br />Ia. -in the event Mortgagor fails to pay any claim lien. or encumbrance or the taxes or asses
<br />rns above mentitxred or
<br />"
<br />pay the premiums of insurance, or keep said premises irrrepair, orshafl commit permit t smehecornrnissiorrof any was*,
<br />or shall default in the performance of any of the terms, covenants„ and agreements of the promissory note secured
<br />this mortgage, or ofthig mortgage, or iff�te Mortgagor shaft abandunsaid property_ ori#the
<br />past} in any suit on account of theexistenceoftfiis` red
<br />j pay saidclaims<liens,encumbrahces taxes,assem orinvoEvingttietitleaisaidreafe ti,t!}e� y l%
<br />or Premiums, with right otsubroggtjpn Itulireunder, or[rtafre
<br />repairs, or purchase a tax title. and may procure suchabstractsof titkeorcithereirittenneeot title as it deemsnecesswyx
<br />or pay court costs. and all sums so paid. with interest at t fl06, shall become a part of the indebtedness4 ~i, 3
<br />and also the whole of the indebtedness secured -hereby s ball a immediately dde and Payable atithe
<br />option of the Mortgagee without notice or demand, will % are hereby expressly waived, and #his motftatile rta€v,
<br />foreclosed.
<br />rviurrgagornas hereunto executed tills nstrurtient this -rst€a
<br />day
<br />_Er l
<br />Sy
<br />STATE C,;:
<br />_ q.
<br />COUNTY Or 6 a k
<br />Qr:this ' datot : -? -1'�?� to err .bet orerrie n' --
<br />County. personally came . . - ^ 9nea, a Notarw Public in and
<br />f said
<br />and
<br />known. to be the aderf ca i person f sl ?+hase namefs} is l are) affixed to the above and foregoing instrument grid e aforessai
<br />officers of said ;! ;;,,t• "r gPhra�
<br />and ey and each of them acknowledged the said iristrurnent and the
<br />execubon thereof to be the voluntary act and deed of said r ski
<br />the Voluntary act and deed of each of them as such of8c - and
<br />er{s); for the purposes therein expressed.
<br />VWTNESS my hand and notarial seal the date aforesaid
<br />dbr A flub
<br />MIL
<br />MY t.#?MMWon expires
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