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<br />r'~ttd it is further agreed that should thirty tad} days' default be made izz the payment of
<br />any such tax, assessment, water rents or goverrzrrzerztal charge, or in. the payment of a premium
<br />foa• suckinsurance or should any default he made irz the obligation to keep the mortgaged property
<br />in aatiafactory repair and condition, tken the Mortgagee ma.y pay any such tax, assessment, water
<br />rents, governmental charge, insurance pre;nium or the cost of ptacing the mortgaged property in
<br />satisfactory repair and rozzdition, and the amount sv paid shalt he added to the moneys ou~iny on
<br />said Hate and shall be secured hereby and shall be due a>xd payable on demand with interest at tke
<br />rate of * per cent per annum; *in the Nate
<br />Aad it is further agreed that the Mortgagor shalt deliver to the Mortgagee receipts
<br />evidencing pagtments of taxes, assessments, water rents and other governmental charges within
<br />ten days after payment thereof. If such receipts are not so delivered -within ten days after such.
<br />taxes and other charges shall become due and payable, then the Mortgagee shall have the right
<br />ttr praeure a>a official tax search, tke cost of which shall be added to the moneys owing on szzch
<br />note and shall be due and payable upon demand;
<br />'~ttd it is further agreed that tke Mortgayee shalt h¢re the authority to demand and
<br />receive alt moneys payable under an.y of said policies of insumance, and to settle or compromise
<br />adl clainss therertnder, and aU moneys so receiz+ed inapt be applied on account of tke indebtedness
<br />secured hereby or zased to repair or replace the oxildings oa the anvrtgaged property, as the
<br />Mortgagee shall elect;
<br />ltd it is further ag-reed oral, if at any tune all or any ptrr-tivn of the within. described
<br />premises shall be taken. yr damaged by rnndernnatiora pa~aceedinys under the power of eminent
<br />domain, all rvmpensation ara~anaed therefor shall he oaill directly to the Mortgagee and apptirt
<br />on the indebtedness hereby secured;
<br />salnd it is further agreed that, ii there stroll be any clurnge ire the ownership of the
<br />mortgaged property,'tken and in uck ea•e•nt, tke afvrrsaid priarcipat .~•arnz with accrrrerl izterest
<br />shall, at tke optiarz of tke Mortgagee. become drtr and payable irazmeditz.telu, a.ltkvugh the period
<br />above Linz-itrd far tke paynxent thereof nzay >aot t;a~e r-xpired, anptthvu} herein contained tv the
<br />contrary notrcitkstarzding,- *without the prior written consent of the Nrtgagee, which consent
<br />shall not be unreasonably withheld
<br />~ttis it is further agreed that tke Mortgaar•e may cotlert a lute charge not to errerd pre
<br />r~eGs for evsrh dollar of sack payment anon than liftrera d<zla+ in rarrear•.~, to serer the r-xtra
<br />expense insolved in kandling drtinguent payments.
<br />end it is further agreed fhat, skoutd defaaztt he made ur o,rrt „i alts frrnta• hrrrnt yr of
<br />any obligation secured hereby, then:
<br />(a) fibs Mortgagee znay inter rzpvn and take passesrivzr of thz~ mortgayed property
<br />and rent the. sazrze, either ire its name yr in the Hoene of tke vu~ner r~i suck property, and
<br />r€ceive tkr rents, issues and profits therevf, anti apply the xame, niter the paptnzr_nt vi the
<br />ttersssary rhargea axd erperzscs, inrludixy rnexnagerreent cvrrarnissiorrx, ors aeta:~nt uj the
<br />nxoneya kerctsy secured. being arcountabtQ vazly for hark rtsrts and prvf:t.; nx are cnttected
<br />oy it xkile in poeasessivn;
<br />b Tke rent,4, isstces and profits of tke naartyaged prvpr•rty, irrclurtirzy those za<kiek
<br />aduall taaz~e aerrue~l prior to axy rlrlaatf aaz~l tk,rse zrkicls neap! tkerrrttter- accrzte, are kerehy
<br />aassm::ed is tk€ Mortgagee:
<br />Ica f'pvn the filing of a rvmptairat ix fareclrxKUre of t.kis m€artgaye. the .lltrrt.tagee shall
<br />tae entitled to the appointnzrttt of a re~ceire-r vt the rent3 of the m_vrtgaged prritrst?y zvitknut
<br />true necrsaity of prot*iny eitkrr inadequacy of tkc seeuv-ity cr irrfvlsexe~y of tke Mortgagor yr
<br />any per°an who may tea Irtgally or equitably t:al,le iv pay rnaneys secured hereby, arzd the
<br />Mortgagor and each sorb person u~aire xuck proof and consent tv tkr appointment v! such
<br />rtctitrtr.
<br />~4t attached Addenda. consisting of 3 streets are keretry made a part of this Irzxtrzrment.
<br />mortgage ,shalt ba b tndi~ty upon tke piarti+gs herrta and their etecutvrx, admirzistra-
<br />tma, keira, surceasvrx and ¢saigres. Tke card ":Ifortgayvr" shall include the plural therevf if
<br />llterc be ntorr than one.
<br />~a lOtftu~cs ~beisaf, the :Sfortgagrsr kas set itt3 Rand rrtd seat or has
<br />caz~eed tkia Mortgage to lie xigtud by itx proper G:~-pvratr officers grad sts cvrp;<rate ss¢l ker~unto
<br />affixed and attextral, tke day and year first aba3,e written.
<br />~. ~ sad ~lrfiuered GRAND ZS~i1-ND AfALL, LTA t
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