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<br /> 77- ( tf► 290y
<br /> The Martgagar cavenants and ag�-eea:
<br /> {I) That the 11�ortgagor witl pa� ihe indebtedness as heresnbefore provitled.
<br /> r (2) That Lhe Mc�rtgagoa is ihe awner of said property fn fee sirnpte ccnd has good rzght and
<br /> � Iawfui asthority to seEi and convey 2}s�e same and that �he same is free and clear of an� iien or
<br /> encscrrcbrance; and that Mortgagor wiil �rarrQnt and defersd t)te titte to said premises agasrest Yhe
<br /> daimr ; of aLi persoxs �homsaever.
<br /> (3) To pay irtanraediately when �ue ¢nd payable all generaI tnxes, sperial taxes, speLiai
<br /> asseaszaients, water ch¢rges, sewer serRs§ce ch¢•rges, and o2her tazes arcd charges against said. prop-
<br /> erty, �.nd aYl La_zes �euaed. crn the debt secured hereby, and ta furnish Lhe dl!lortgagee, upon re-
<br /> quest, wsth the origi�rsa� or dupticate receipts therefor. T3ee m,ortgagor ¢grees that there shnit be
<br /> added ta each rnonth�yr payrnent required hereunder or rcnder the evidence of debt secured' hereby
<br /> a�. am+nunt est'srrcateti b�y the Mortgagee to be sufficivni to enezble the Mnrtgugee to pay, as they
<br /> becom+e due, ait taxes� assessrrtcents, a�nd simi�ar charges upoa the premises subject thereto; any
<br /> deficie�a�cy berause of the insufficiency of such additio�zaZ pay:nents shaZl be forthzv 'sih deposited
<br /> ' by the Mortgagor with the Mortgagee rspon de�nand by �he Mortgagee. Any de(ault unaier this �
<br /> ` par¢gryaph shall be deemed a default zn p¢yment of ta�es, ¢ssessments, or sirnitar chaages re-
<br /> _ quired hereunder. '
<br /> '. �4) To grocure, deiiver to, and rrsaintaira for the b�nefit of the Mortgag�ee during the iife af
<br /> ` this Mortgage original paiicdes and rene�vais thereof, deiivered at least 1U dagrs before the expir�c�
<br /> tion of any such .policiss, insasring agair�st fire ¢nd - other insurabie hazards, easuaIifes, ¢nd con-
<br /> ; ` tingen�ies as th.e Mortgagee Tnay reqacire, in aTnounts and in comp¢nies ; acceptabte to the
<br /> Mortgagee, with Ioss p�ay¢bie to the b�ortgagee. The coverage undeT such poli.cies shaA be li�nited
<br /> ' to the im,proveznents �r.ow or hereafter ierected ox the above described prer,r.is�,s, Itt t�e aver_t eny
<br /> ' potiey � �sat rennewed osa. �-rr �ej�ire 10 d.a.z�rs of its ezpirati.on, the Mortgagee Tre�� icror�r� zr..sLrazcts
<br /> ; ore the improvements, pay the premiurr_ therefor, and such rum stzaZt becorrs:e sm,mediateTy due
<br /> " r nnd prz�abte evitie interesi at #'rze raze of__.__Eleven .(1.11:__...--••------...___.._. : _ per cent urfti� gaid
<br /> ...�...._ -- -
<br /> and s3r.csli be secured b f this Mnrtgaye_ FaiIure. on t7ie prs.t of the 3�ostgagar zo furnssh such re-
<br /> newals as are herein r�r�uired or failure to pay any sums ndvanced hereunder shaR; at the ;opCian
<br /> t of the Mortg¢gee, constitute a def¢u1t zender the term.s of thu Mortgage. The delivery of such
<br /> poliries shall, in the event of defauit, cmzsLztute an assignment of the unearned premium.
<br /> � .4ny sums reeeivedby the Mortgagee by �reason of Loss ar damage insured agair�,ct ' vnay be `
<br /> ' , ; retttiTeed by the Martgagee and applied tov�ard the p¢y�n.ent of ihe debt h,ereb� secured, or, at;the
<br /> € opriors of tFae Mortgagee, such sums either whotZg or in purt m¢y be pasd over Lo 1he Mofrtgagor
<br /> ta be used to repair su�h btcildings or to buiZd new bui.tdings 'sn their place or fcrr ¢ny otiter pur-
<br /> � pose ar object satisfactory to the Mortg�gee without affect'sng the Zien ott the Mortgage for the
<br /> , fixlt amouttt secured hereby before suc�a pay�nent ever took piace.
<br /> '' (S) To promptZ� repair, restare or rebuitd any buitdirzgs m.- irnprovernents now or he:•e-
<br /> � a.fter osi ' the prern.ises which m.ay becorne da�rrrwged or destroyed; to keep said presnises ire good
<br /> w.
<br /> t ., eondition ansi repair an.�d free from any mechanic's or other lien. or c2aim of lien not- e�pressig
<br /> ? subordi�+ated to Lhe lfen hereof; not to suffer or permit any unlaw#uZ use of or any nuisance to '
<br /> r
<br /> � ' e�ist ogs said propertJ rl.ar to permit w¢.ste on said premises, nor to do any other act whereby
<br /> „ ; the pro�ertg hereby con.veyed shaii become less vaivabie, �nor to divninish or irropair its value by
<br /> f ` any aet oT 'omission to act; to cvmply usstk atl requirements of taw with Tespect to the tnortgaged
<br /> ' premises a�td the use th,ereof.
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<br /> , - i {6) That showZd the premises or a+r.y parY ih.ereo f be taken or daqnaged by reason of any
<br /> � public �mprover:zent or condemnatiorz p-roceed'sng, or under right of e�minent domrcirs, or in ¢ny
<br /> x other reaanner; the Mortgagee shaZi be es�titted to atI mmpens¢tions, awards ¢nd nrsy other pay-
<br /> � rnent o� reiief therefor, and shail be esstitled at its optio� to comrnen.ce, appecsr in and prosecute
<br /> � fn its crwsc nam,e any acLios. or proceedi.ng; or io make asay co3npromise or setllement in co-nneo-
<br /> s
<br /> �i tion with such taking or damuge. AII sweh compensaCimx, awards, damager, rigist of actirns a�d
<br /> � proceed.s are hereby assigned to the Mortg¢gee, who may after deducLiny theref�ro�rn ¢t2 i#s ez�enses,
<br /> � release any Tnorsies so reeeived by it or appFy the sarrae am any indebtedness secured hereEiy_ The
<br /> Mortgagor ¢grees to ercnete such further assigrzments of any compen.raticrn; asnards, dama�es, and
<br /> rights a� actiorr. and pro�eeda as the Mortgagee anay require.
<br /> (^) Thai i�e c¢se of faiiwe to Perjorm any of the covenants hereen, the Mortgagee snay do
<br /> on the Mongagor`s behcsif enerything sa eovevicented; ihat the Martcqagee may aIso do any act it
<br /> m¢y de+em. zecessary to �rotect the iierc Fiereof; 2hat the Mortgagor wiiI repay upon demarzd ascy
<br /> �. +reone+.�s paid �r disbur�ed by Lh� Mov-C�aSee fer any of th.e mbovs p+.�r�ses, ar..d swch rrswneys,
<br /> togethe�s" with inLerest i�sererrn, at the ra�e prnxr'sded in s¢id note shnLZ become so �neccie ndditsonrsl
<br /> ' � iadebtedness h.eretsy secured a+sd may be inc�uded isa mny decree jorecl.oa"sng this Tnvrtgage
<br /> and be g+aid nwt of Lhe rents or groceeds of saLe r�� said premises if not othenvis�e pnid; that st slusid "°''"'x ; �,'"t
<br /> : ozot be -�abliga,tory upo:s the Mortgagee tEr inqsaire into Lhe validity o,f any iiers� ericesmbra�eces, or cr ��s''
<br /> > claim isa ndroaTscar+g Yrscrs+eys as above a�athorized; but rsothi+sg Fserein contaissed shali be corestrued � .t�
<br /> � as reqrszrir:g thce Mortgagee to ¢drante aay m�rv�e�eys for arar,,� suctz pasrpose nor to do ang act here- ; y`�;
<br /> r under; and tJs.aL Mortgo:gPe s3saLi �at inczer any personai linbilit� because of aasyt3eing it rr.w.y do �`t`
<br /> o+ ornit ta dce h.e^reetnder .
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