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<br />.,ny and all ouUfanding contracts fns the erection and completion of mid bails/lags, to make and enter mto any eontracft and
<br />obligations wherever neceawry, either in hu/her own name or in the name of the Mortgagor, and to pay and ducMrge at! debu,
<br />obligations, and liabititier incurred thereby. AR such sums ao advanced by the Mortgagee (exetruiae of advances of the principal
<br />of the indebtedn¢o secured hereby) sha!! be added to the principal of the indebtedneaa secured hereby and shall 6e secured by
<br />thin Mortgage and shall be due artd payable on demand with interest at the rate specified in the note. The principal sum and
<br />other charger proeidrd for herein shall, at the option of the hlortgngce nr holder of this Mortgage and the Hate securing the same,
<br />become due and payable on the failure of the Mortgagor to keep and perform any of the covenants, conditioru, and agreemenu
<br />of raid building loon agreement. Thin covenant shall be terminated upon completion of the improvements to the satisfaction of
<br />the :Mortgagee and the making of the final advance cr provided in said building loan agreement;
<br />t 7. Thor, together with, and in addition to, the paymenA of interest or of principal and interest payable under the terms
<br />of the note secured herebythe Mortgagor,will pay to the Mortgagee on each payment date hereof, unfit the mid note u fatty paid
<br />the jallu wing canes:
<br />(aJ .4 rum equal to the ground rents, if any, and the Pares and special aaaesamentr next due on the premises
<br />covered by !hu hlorlgage, plus the premiums that u~if! next become due and payable on policies of fire and
<br />other property insurance covering the premises covered hereby, plus umter rates, tases,and asseumentr nest
<br />due on the premixes covered hereby (all as estimated by the Moetgagee) lets all sums alrtady paid therefor
<br />divided by the number of months to elapse before one (1) month prior to. the date when such ground rents,
<br />premiums, water rates, tares and asseuments wilt become delinquent, such rums to be held by Afortgagee to
<br />pay said ground rents, premiums, aster rater, taxer artd special assessments.
<br />(b) All payments mentioned in the preceding aubaecNon of this paragraph and a1! paymtnu to be made under the
<br />note secured hereby shat! be added together and the aggregate amount thereof shat( be paid cock month in a
<br />single payment to be applied by .Mortgagee to the following items in the order set forth:
<br />(I) ground rents, taxes, specral arseument:, water rates, Pere and other property inuurance
<br />premiums;
<br />(II) interest on the note secured hereby;
<br />(1111 amortisation of the principal of acid note.
<br />18. Any erceu funds accumulated under (a) of the preceding paragraph remaining after payment of the items [herein
<br />mentioned shall be credited to subsequent monthly payments of the same nature required thereunder; but if any ruck item shall
<br />exceed the eatimote therefor the •1ortgagor shalt without demand forthwith make good the deficiency. Failure to do ao before
<br />the duo date of tuck item shat be a default thereunder. Ij the property is sold under foreclosure or is otherwise acquired by the
<br />Mortgagee afNr default, any rerswining balance of the accumulations under (a) of the preceding para,[roph shalt be credited to
<br />the principal of the Mortgage as of the date of commencement op foredoaure proceearngs or as o) the ante ere property is other-
<br />v»se acquired; end
<br />19. That the Alortgagee shall have the right to Inspect the mortgaged premises at any reatonab/e time.
<br />Z0. That so tong w the Mortgage and iYote ucured hereby are outstanding, it wit! nod (a) rent du~iling accommodatioru
<br />in the mortgaged premises in exeus of the rata approved by the Mortgagee or for periods of !eu than one month or in excess of
<br />three yeah; (b1 rent ike prerteiui ar an entirety; (e) rent ike prcmisu w any part thereat to any penon for the pwpore of rub-
<br />learing; (d) rent the premises or permit its use for hotel or transient purpoau; (e) require of any tenant as a condition of
<br />occupsutcy Gfe-tzase contracts, Dees ar other payments over and aboua those for r~ntr, uti6tiea, and evlbtzral teruiees.
<br />21. IN TIIE E VENT of default in making any mop thly payment provided for herein or in the note secured hereby for
<br />a period of thirty (3)?) dare after ike due dots thereof, or in twee of a breach of any other covenant herein ttiputated, then the
<br />whole of said principal sum remaining unpaid together with accrued utterest thereon, shag, at the election of the Mortgagee,
<br />without notice, become immediately due and payable, in which event the blortgngee shall have the right immedmtely to foreclose
<br />Ibis Mortggge;
<br />2~. AND IN CASE OF FORECLOSURE of this Mortgage by raid blottgagec in any court of 4tw or equih•, a reasonable
<br />sum shag be allowed for the solicitor i fees of the complainant, not to exceed in am case five per. eeitum (5%) of the amount of the
<br />principal indebtedneu found to be doe, and the stenographer i feu of the comptairennt in such proceeding, and cotU of minutes of
<br />foreclosure, master i Jeer, and all other toots of suit, and also Jor aU outlays for documentary• evidence arsd the cost of a complete
<br />abstract of title for the purpose of such foreclosure; and in case of ars_y other suit, or legat proceeding, instituted by the Mortgagee
<br />to enforce tiu provisions of thu .Mortgage or in care of any suit or legs! proceeding wherein the :Mortgagee shat! be mode a party
<br />dtereto br reason of this Mortgage, its ca4 and apcnsea, and the reasonable Jess and chcrges aJYhe attorneys or rolicfton of the
<br />Mortgagee, ao mods paella, for xrvicu in such suit or proceeding; short be further lien and charge upon said premises under thu
<br />Mortgage, and aR ruck expenut shag become sn much additional indebtedneaa secured hereby and be nJlourd in am decree fore-
<br />clOJtlt6 this Mortgage;
<br />Y3. A:~D TiiERE Si1.4LL 8E INCLUDED in any decree foreclosing this Mortgage and be paid out of the proceeds of am
<br />sate made in pursuance of any such decree: (J)AR the cwu of suck suit or suits, advertising, sale, and conveyance, including
<br />attorney's, roliciton ;and rtenagraphen' feu, autL:ys for documentary evidence and cast of said abstract and examination of
<br />title; !2) AR ike moneys advanced by ike Mortgagee, if any, for any purpose authorised in the mortgage, wick interest on tuck
<br />advances at ike rate specified in the nOOe, from ike time such adaoncet are made; (3) AR ike accrued interest remaining unpaid on the
<br />indebtedness hereby reexred; (4) AJl ike said principal money remauing unpaid The over-plea of the proceeds ojsaie, if any, shalt
<br />the» be paid ar ike court moy direct;
<br />sae sssraa spa. leers sere ! of ~ Daltee
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