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86-= 103M,
<br />3) To keep all buildings occupied and in good repair, and
<br />to refrain from the commission of any acts of removal, demolition or im-
<br />pairment thereof; and to commit or permit no waste or impairment of the
<br />value of this security.
<br />4) That in the event Mortgagors fail to pay when due any taxes,
<br />rental charges upon any leases assigned as additional security for
<br />this mortgage, liens, judgments, or assessments lawfully assessed
<br />against the property herein mortgaged, or fail to maintain
<br />insurance as hereinbefore provided, iortgagees may make such
<br />payment or provide such insurance, and the amounts paid therefore
<br />shall become a part of the indebtedness secured hereby,-due and
<br />payable immediately, and shall bear interest at the Note rate.
<br />5) That in the event Mortgagors default in the payment of said
<br />principal sum, or in the repayment of any additional advances made
<br />as herein provided, or of any interest thereon, at the time when the
<br />same shall be due, or with respect to any covenant or condition
<br />hereof, then, at the option of Mortgagees, the entire indebtedness
<br />secured hereby shall forthwith become due and payable, shall bear
<br />interest at the default rate provided for in the applicable notes
<br />and the Mortgagees may immediately foreclose this mortgage
<br />or pursue any other available legal remedy. The Mortgagees, in order
<br />to accelerate said indebtedness, shall not be required to make
<br />demand or give notice. In the event of any action by Mortgagees
<br />to enforce collection of this mortgage debt, the Mortgagors agree
<br />that any expense incurred to procure or extend an abstract of title
<br />shall, when paid by Mortgagees, become a part of the debt secured
<br />hereby, and shall be paid by Mortgagors together with all of the
<br />taxable costs of such action.
<br />6) That in the event action is brought to foreclose this Mortgage
<br />for all or any part of the debt secured hereby, the Dortgagees shall
<br />be entitled to immediate possession of the mortgaged premises,
<br />and the court, or a Judge thereof in vacation, may appoint a
<br />receiver to take possession of said premises to collect and receive
<br />rents and profits arising therefrom; and from any moneys so
<br />collected, to pay taxes, provide insurance, make needed repairs to
<br />improvements upon the premises, and make any other expenditures
<br />authorized by the Court; and apply any sum remaining after the pay-
<br />ment of such authorized expenditures upon the mortgage indebtedness,
<br />this right shall be in addition to and not a limitation to the rights
<br />of Mortgagees under a separate Assignment of Rents which may
<br />be executed by the Mortgagors.
<br />7) That failure or delay of Mortgagees to exercise any of
<br />its rights or privileges shall not be construed as a waiver
<br />thereof, that any act or Mortgagees waiving any specific default
<br />of Mortgagors shall not be construed as a waiver of any future
<br />defaults; that in case of default in the payment of any notes,
<br />installments or interest, or in case of payment by Mortgagees
<br />of any lien, judgment, tax, insurance, cost or expense, said
<br />Mortgagees shall have the privilege, without declaring the whole
<br />indebtedness due and payable, to foreclose on account of such
<br />specific default for such sums as are in default and such fore-
<br />closure proceedings may be had and the land described herein may
<br />be sold, subject to the unpaid indebtedness hereby secured, and
<br />this mortgage shall continue as a lien for any unpaid balance.
<br />8) That in the event any awards are made to the Mortgagors
<br />or their successors in interest for taking or damaging by the exercise
<br />of eminent domain the whole or any part of the mortgaged premises or
<br />any easement therein, the said awards are hereby assigned to the
<br />Mortgagees; the tiortgageesare hereby authorized to collect, receive,
<br />and receipt therefor and to apply the same in payment of any
<br />indebtedness matured or unmatured, secured by this mortgage.
<br />9) That the Mortgagees may extend and defer the maturity of
<br />and renew and reamortize said indebtedness, release from liability
<br />any party liable thereon, and release from the lien hereof portions
<br />M
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