South Carolina Mortgage Form (Page 2 of 3) in pdf

TOGETHER with all and singular the rights, members, hereditaments, and appurtenances to the Premises belonging, or in

anywise incident or appertaining.

TO HAVE AND TO HOLD all and singular the Premises unto Mortgagee, and Mortgagee’s heirs, successors and assigns

forever.

And Mortgagor does hereby assign, set over and transfer to Mortgagee, Mortgagee’s heirs, successors and assigns, all of the rents,

issues, and profits of the Premises accruing and falling due from and after the service of a summons issued in an action to

foreclose this Mortgage after default in the conditions thereof.

And Mortgagor does hereby bind Mortgagor and Mortgagor’s heirs, successors and assigns to warrant and forever defend all and

singular the Premises unto Mortgagee, and Mortgagee’s heirs, successors and assigns, from and against Mortgagor and

Mortgagor’s heirs, executors, administrators, successors and assigns, and all other persons whomsoever lawfully claiming or to

claim the same or any part thereof.

AND IT IS AGREED, by and between the parties, that Mortgagor and Mortgagor’s heirs, successors and assigns shall insure

such buildings or other improvements as may be constructed on the Premises and keep the same insured from loss or damage by

fire in the sum of the actual cash value thereof and assign the policy of insurance to Mortgagee, and Mortgagee’s heirs, successors

and assigns. And in case Mortgagor shall at any time neglect or fail to do so, then the holder of this Mortgage may cause the same

to be insured in Mortgagee’s own name, and all amounts so expended shall be secured by this Mortgage and be due and payable

by Mortgagor to Mortgagee upon demand with interest at the rate set forth in the Note.

AND IT IS FURTHER AGREED, that Mortgagor, and Mortgagor’s heirs, successors and assigns, shall pay promptly all taxes

assessed and chargeable against the Premises; and in default thereof, that the holder of this Mortgage may pay the same, and all

amounts so expended shall be secured by this Mortgage and be due and payable by Mortgagor to Mortgagee upon demand with

interest at the rate set forth in the Note.

AND IT IS FURTHER AGREED, if all or any part of the Premises or any interest therein is sold, transferred or encumbered by

Mortgagor without Mortgagee's prior written consent (which consent may be withheld in Mortgagee's sole and absolute

discretion), all sums secured by this Mortgage shall, at the option of Mortgagee, be immediately due and payable.

AND IT IS FURTHER AGREED, that in case of default in any of the payments of interest or principal as provided in the Note

or the breach of any provision contained herein, which default is not cured during the applicable grace period set forth in the Note,

if any, the whole amount of the debt secured by this Mortgage shall become due and payable at once in accordance with the terms

and conditions of the Note.

AND IT IS FURTHER AGREED that in the case of foreclosure of this Mortgage, by suit or otherwise, Mortgagee shall recover

of Mortgagor a reasonable sum as attorney's fees, which shall be secured by this Mortgage and shall be included in any judgment

of foreclosure.

PROVIDED ALWAYS, NEVERTHELESS, and it is the true intent and meaning of the parties to these presents, that if

Mortgagor does truly pay, or cause to be paid unto Mortgagee the said debt or sum of money aforesaid, with interest thereon, if

any shall be due, according to the true intent and meaning of the Note and conditions thereunder written, then this Mortgage shall

cease, determine, and be utterly null and void, but shall otherwise remain in full force and effect.

SC Bar Form:_______

Last Revised: _______

This form is a basic form intended for use only by South Carolina licensed attorneys. Use by others may constitute the

unauthorized practice of law.

South Carolina Mortgage Form Page 2