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<br /> � The Mortpapor covexanta a.rul ayreea:
<br /> � (1J That the Mortprspor wil! pay the ixdebtednesa as kerein6eJore yrovided.
<br /> � (�) That tbe MorEya�or is the owner of aa.id property in fee aimple and hae yood riyht ¢nd
<br /> r ^ lawJul authority to aell and convey tke aame a�nd tka.t the sa»ie ia Jree and clear oj axy lien or
<br /> � � enoumbranae; axd tawt Mortyapor will warraxt a»d defexd tJlta title to aatid premiaes apaixat tke
<br /> � eleima of all peraona whomtoever.
<br /> (1J To pay im�nediately wken due axd payabie all general taxea, apecial tasea, apecial
<br /> aasessments, water charyea, aewer aervice eharpea, ¢nd other t¢zes ¢nd ch¢rges ¢gainat aaid prop-
<br /> erty, a�nd all tazes levied on the debt aecured 1F�ereby, and to furntish tke Mortg¢gee, upon re-
<br /> quest, wtth the original or duplicate receipts therejor. The mortpagor ayreea that there ahall be
<br /> added to eeeh »ionthly payment required hereunder or under the evidence of debt aecured hereby
<br /> a.n amouxt eati�na,ted by the Mortg¢yee to be aufficient to enable the Mortgagee to pay, aa they
<br /> become due, aU tazea, aaaesamenta, and admilar eh¢rpea upox the premiaea subject thereto ; any
<br /> defieieney bec¢ase of the inaufficiency oj auck additional paymenta ahall be jorthwith depo�tEed
<br /> by the Mortgagor with the Mortgapee upon demand by the Morty¢qee. Axy dejault under this
<br /> p¢r¢qr¢ph ahaU be deemed ¢ deJault in pa7/naent oj taxes, a8aesaments, or aimilar eharyea re-
<br /> quired here�eander.
<br /> (6) To procure, deliver to, and maintain for the benejit of the Mortyagee durinD tke lsfe oj
<br /> thia Mortgage oripinal poliesea and renewala thereoj, delivered ¢t least 10 daya bejore the ezpira-
<br /> tion oj any auch policies, insuring against jire and other inaur¢ble ha.z¢rda, casvalties, and con-
<br /> tingenciea as the Mortg¢gee m¢y require, in amounta ¢nd in companties aceeptable to the
<br /> Mortgapee, with Loaa pay¢ble to the Mortg¢gee. The coverage under auch policies shall be limited
<br /> to the improveme+zta now or here¢fter erected on the a6ove deacribed premises. In the event any
<br /> policy ia not renewed on or before 10 days of its expiration, the Mortgagee may proruxe inaur¢nce
<br /> on the improvementa, pay the premium therejor, and auch aum ahall become im�nedia,tely due
<br /> and a ¢ble with interest at the rate o EllVlO . er eent until aid
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<br /> ¢nd skall be secured by this Mortg¢pe. F¢ilure on the p¢rt of the Mortg¢por to jurnish auch re-
<br /> newals as ¢re heretin required or fa£lure to �¢y any sums a.dv¢nced hereunder sha.11, at the option
<br /> oj the Mortgagee, conatitute a default under the termx oj this Mortg¢ge. The delivery of such
<br /> policies ah¢ll, in tJie event of dej¢ult, co�nsttitute a». assignmext oj the une¢rned premiaam. '
<br /> Any sumx reeeived 6y the Mortyayee b� reason of loss or damage insured againat may be
<br /> ret¢ined by the Mortgagee ¢nd applied tozv¢rd the p¢yment of the debt hereby aecured, or, at the
<br /> option of the Mortgagee, eueh au�na either wholly or in part may Le paid over to the Mortgagor
<br /> to be uaed to repair aueh buildings or to Luild new buildin�s in their place or jor any other pur-
<br /> poae or object satisj¢ctory to the Mortg¢gee without ajjecting the liex on the Mortg¢ge jor the
<br /> full ¢mount 8ecured here6y bejore such payment ever took place.
<br /> (5) To prompt6y repair, reatore or rebuild ¢ny buildinga or improvementa now or leere-
<br /> ajter on the premises which may become dam¢ged or destroyed ; to keep said premises in good
<br /> eondition ¢n.d repair ¢nd free from any mechanie's or other ltien or claim of lien not expreasly
<br /> su6ordina.tde to the liex hereoj; not to aufjer or permit any z�nlawjul use of or ¢ny nuisaxte to
<br /> ezist ox said property nor to permit w¢ste on s¢id premiaes, nor to do any other act u�hereby
<br /> tRe property hereby conveyed ah¢ll become less valua6le, nor to dimixish or impair ita ua,lue 6y
<br /> aay aet or omisa4on to aet ; to comply u•ith all req:�iremer�ts of la,w with reapect to the mortgaged
<br /> premisea ¢nd the uae thereoj.
<br /> (8) That ahould the premiaes or any p¢rt therc:of be t¢ken or damaged by reasox of axy
<br /> publie timprovement or eondemnation �rocee�ling, o>� :endcr repht oj e���inent domaix, or in any
<br /> other maxner, the DfoTty¢gee ah¢ll Le entitled to all eo»ipe�isatwna, au�ards and ¢ny other pay-
<br /> mext or re[iej therejor, and sh¢ll be entitled ¢t its oNtion tu comnzence, aNpe¢r ix a+ut prosecute
<br /> tix its own name any ¢etion or proeeeding, or to �riak� any corrtpromi.� or settlement ix conne.c-
<br /> tfox with such taking or damape. All such compens¢tion, au�arda, dam.¢ges, right oj aetion and
<br /> proceeds are hereby asaigxed to the Mortg¢gee, u�ho niay ajter dcducting therefrom ¢ll ita expexsea,
<br /> release ¢ny monies ao received by it or apply the saiite on any irulebtednesa secured hereLy. The
<br /> Mortyapor ¢grees to exeeecte auch jurther aastigxments of any compexsatiox, ¢u�ards, da�nagu, ¢nd
<br /> riphta oj aetion and proceeda aa the 113ortqagee »i¢y require.
<br /> (7J That ix ec,ae oj failure to perform ¢ny oj the covexaxta kerein, tke Mortgagee »w.y do
<br /> ox the Mortgayor's 6eha.lj everytkixy ao eovexanted ; tk¢t tke Mortg¢gee may ¢lso do axy a.et it
<br /> m¢y deem necessar� to protect the Iien here.oi : that the Mort,qa,00r will repav upon demand ax,y
<br /> �m,oneya pa,id or disburaed 6y tke Mortyagee for any oj tk.e ¢bove purposea, and auch moneys,
<br /> toyetker with. interest thereox, ¢t tke rate provided ix aaid xote ahall become so much a,ddifion¢1
<br /> inde6tedneaa hereby aecured and may be included in any decree foreclosing this mortgage
<br /> and be paid ouf of the rexta or proeeeda oj a¢le o! said premiaes ij +wt otheru•iae paid ; fhat it shall
<br /> xot be oblipator�/ upox the Mortgagee to inquire into the validity of any Hen, e+�cunaGranees, or ^� �
<br /> elaim sn adva+ieix� mo+eeye aa ¢bove authorized, but �,othing herein cont¢ined akall be �onstrved
<br /> � oa requirinp the Afortga,gee to advau.ce axy moxeya jor axy such �urpose nor to do axy aet here- `
<br /> v:wder,- axd tAmt DLortpa.gee a�aU not tineur Qaty ptrsoxal li¢btlity bec¢x�se oj anything it m¢y do
<br /> or o+wit to do Jkereu+ider. �
<br /> ( 7a ) The aortgaqort turth�r �graa Lhat tAey w111 not wke anM voluntary
<br /> teL�� vlvos t�sfer ot th� prw/ s�s o� aay part tf+ereot w� �hout t1 �-st obtatelng
<br /> LAs �rritLw ooe�nt ot tM �ort�e . My s�eh thnsfe� . � f the sortgaqae shall �
<br /> wet so �nt . sh�ll �owstltute a dKsutt w�Aer the tee�c ot this lestw�eot and
<br /> s�o�wA (as Arre�� �t�N 1ew�wn��faul �/ a1onP���t feeleo`nAeDtedwessl
<br /> Lo s1x �tl� ' s tabrest a� tAe !b� �a�1 pr�lw�lpri aw�w�t of the loae+ . �
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