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<br /> �FIE��O�TGAGOF. FURTIiER CQVENANTS AND AGREE9 :
<br /> , _ - � ' - `
<br /> . � � � � That the Mortgagor.�will pay � the indebtedness as �hereinbc:fore pr<wided. � � � � �. ,
<br /> � ` � � � �That the Mort�agor is. Ghe dwnerof saitl property in � fec �aimple iind has � gowi �. right and lawful autho{ity . tn seil and � �� � . . ` '�
<br /> convey . ihe same and.. ;that th� samK is free agcl cicar uf any ,lierx or .encumt>ranc.e ; and. that Mortga�;or will warrant and defend th� �. � � � �
<br /> title. to said '.premises'� againet the clalms nf aU peraoivs whomsoever. . � � . . � . � � �
<br /> ' To � a unin diatei when clue attd a able ati eneral laxes, s cciai ��taxes, s acial assi�ssmeents, � water ch �
<br /> 3ce� chargi.n, � and other��: texes .�nd ct�arges � p y s � �� � � arges, s�,wer :;erv- � � . ' �
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<br /> . abainst � s�id propirty , nnd elt lnrts I�vu <7 oii � thc deht scc�� rcd Lcr�..by , and tn7urnish Lhr �
<br /> � . �. . . . . . ..
<br /> �� h4urtgagee, . ujwn � �reque,st, with� Lhe "otibinq! �� �Iuplicate 'rcceij��ts t}a��refor; ��The �� Mrirtgagoi agrees that Lhvre s17aI1 tic �. �aBdFd Lo �� : � .� ���
<br /> ' � ��� �ack� monthly payinent required hereuifdcr or under ttse cuidcnce• of cSebt secured hgreby r�n amounL estiTnate�i �hy ihFe Mort�a�re.
<br /> - � �� ko . be sufficieztk' ko enable the MOrtgc�gee to �»,Y, ��� as they , bec;om�• due, alt'.tvzcs, . as:,i�svmenis, and �imitar charges � upon the,; prem- � � � '
<br /> , isks' 6ubje6ti��thereto; an`y aeficfency t�eoau�e oC� �the insuYi'ir,ii;ncy bf � siir,h� arlclitiiinal �ayiznenLx shall � �be � (o�thwit.h'efe�xaasiteH by th�• ��� �
<br /> Mnrigagul : with Lhe. �MorCgagee it7><i;� .� ileimanci. hy tlic � Mortga �e.�a: Any drrfauk unde:r � tl �is ..p.aragraph Shail br clet•meri a drrfault� in � .
<br /> '� � rsaymeirt of Laxes, assessments, . or i:imilar� churges req�aired }�ere.uncl�r. � . � � . . . ' . � �� � � . � ��
<br /> � . � The � r4ortgag�r �grt�is � that there sliall eilao lrt� addcr,! to each mont6ly payment , of princiE�al. and �nterrest rcq �iirerl here -. .�, � . ...
<br /> � � undcr �nn � am�>ant t:•�;tin�ated by the Mort�a�;ee t�q be su(�eic��� l�. to er,abl� t.hc- Mort�;:�p;ce t��� F�ra_v, as it hecr�m�zs �1ue, l.he insucaner. � � �
<br /> � pren�ium p�i �any . insurance . policy� delivc�rer,i to � thm Mortangee. �.�.ny de6cierncy l:ec��rsc of thr in:�u�eiE�ncy�. of 4uch ad<:it.iux;at pay - � � �
<br /> ' -� . menta shxll �be Earthwith den<>sited I.�q ��the � Me>ttqa�;ur w-zfli� thr Mnrtgagee upi�n c3r�nisn�l by the M�rtgage<r Any '�lefautt ��niiFr ittis .� � � . �� ' �
<br /> - � � � patagraph ehall be d<�enaed �r defttult in � the pr�ymcnt uff innuran6e � 5�rrmii.irns. � [ f lh� � �x�li�^y r�r�� pulir.i��s � dcp�rcitec? are scsch � as twme -� �� ,
<br /> " � �. <�wners .ar all risk . i�i�fiaiea, anB tlic= rleposits �+ re insutHcient to paY the entire pren�iiurn. thc� Mort�;np:ee rn:ay ar�pLy � tf:n de{.osit tn � . . ..
<br /> . psy.. premiums on risks reryuircd t� F.e insurw] }>y � this �. mortgage. �.. ". � . .. . . � . " � . . . . � . . .
<br /> � Yayrr�eret-.� nsacle by � th�> MortF;mgur �undrr t.he al�ove y,�ssra (;raphs rnny. :at thrr u� ,ion e�f fhe 7vfortgage�e _ I,e hcl�i ' t�y it antl � �
<br /> . ccrmming9ed with nther su<:}x furx]s or its uwn tunds for the �iayznf,�nt o( such i1e���s, and us�itil� tio .sp�fSed, such ���aiyn�ient:� arr< I��sr.•by � � � � � . � . � �
<br /> � � .�ntedged as security for thtq i3npaid balaiacx ol' tha morEgage in.fe4>tre��iness. . � � � � �
<br /> � � � . � "I'o pcxuze, deliver tc�, and maint�in €or the l�e�riefit. oP thr M�art.g.ag�te durizig fhE tife o( this mnrtyahv !�rigina3 poiicies :3n�1 . � �
<br /> � renewals there,*�>t, deliv.;red �.t lea:t ten clays 1>eCore ihe ezpirrr.fiun o3 any suclt policie�M, inaucing agair�st fire and ether insurat�le
<br /> � � !'i.azards, <�uaurxities, and cor�t'rngenci -rs �c+ thr. Mnrtgagee may rcr�uire, in an amount equal 2o fhe indebtedneas securw3 by this ' � � �
<br /> . � TvlurCgeg�, and in curnpenies a�cccrytaf;le to t.he MurtSa���e with dos, pay�blF. elnu�e iti fnvor uf arrd iia form aeceptnble to thu� .'vlortga - . . . � �
<br /> gee. � I�� tlie event any policy is nut mncaweri un or bePorc tuxt :4ays �,�f iLs expirat.iorn , tl��n �f� rtgage^e inny 7�rocurt� insurzanct � pn the � . .
<br /> � iniprvveme.nts, pay Lhe prrmium. theretor, and. such surn shall itecnrrae irnmediaic.l��� <iue� and payablcr with . inte. rest at. t.he rafF�:• sr-t � . , � .
<br /> forGh in yaid nou�� unidl paicl and s}e�il t,r� s,ceure�i by t,Fzis mort;:;agc�. Faelurr un th�r ��a ;-t of the M<rrt.g�gor Le� fu. rnish ;uc•h renewais �- � �. .
<br /> � � as ara herein requirrd ur f�ilure ta p�y �ny sums adv,arxcrd hcrrim<#•.r shall, aY. thr r,,ption of th� R�Srirt�a�z:e, constitute� a de[ault �
<br /> under �ttae terrns of this mortg�age^. "l�he de�livury �>f such g>ulicies shnll , iri the event nf drfault, t�onstit.ute. an � assignment bf tbt� un- ..
<br /> . earntd premium. � � . � �
<br /> � . . � . . Any su-ms received by Yhe Murtg.��;ce by re.ason ot loss or ��3amu�,;�� insure�d bgainFi may he retaiae•c9 by the Mortbagee � �
<br /> . and aryplied towazd t.he payment oC the dcrbt hcrelr,y secur4;rd, nr, ;xt t}rr� opfi�n o[ the '�2os�LKagpe, such s¢n��h rither w�otly c>r ia� . � � . .
<br /> ' � �art tnay be raic3 over lu the Mortua or tu Fx� used to re �air such buitdin 5 or ic huild ' n.a�v buitriin�,s in [Sieir �lucc- �.>r for ;an � � � �
<br /> ' . . F . F c. ' S 1 � S= �� y� . � � .
<br /> � � other purKwse or object satisfactury to the �Qurtga;;ee w�it.ho�it a(Tecl.inp� ttir lien nn the mortga4e ior the fut! arnount .:�acured her -r-� � � . .
<br /> .. � . by be(ore such payment ever t.uok Ptace. � . � . . . � .
<br /> . To prumptly re�>air. restore ur rebuild ¢inV F�.iailding. nr improc.anrn( s r����v ur Lerra•attcr c.n the Y��'�rsisa�> �vhich n�ay tKr- . �
<br /> . � come drunaged or destroyc� ; tcr keep said pren-�iscs in s=_ cwd ccxtdition aexd repair eand frer. trozn anv znechanic's lien or ot.her licn nr � . �
<br /> cluim uf lien not c:xpres.�ly suboreJicxated io the ?ien herruF, not : o sufter or permit any unlawtuf use of or any nuivance t� exist ian . � � .
<br /> esaid properly nar to permit waste on said premises, nr?r to do any other act whcreby the property he� refay cumeyed shall �becon:e � � �
<br /> . � lc:ss valua6le, nor to diminish qr impa.ir its valut: 6y any s�ct nr �»nission to act: �n com��>ly �+��it.h all requirements nf law �with re>spect .
<br /> . to the morfgaged prerriises and thc: use thereoC � � �� � . � � �
<br /> . � � � � Thut should t}�e �rremivcs or any p�rt therenf be takeaa ur damaged by ceeason oC any public improvemrnt <�r cundrrnnation .
<br /> � . prnccedi.ng, or. undFr the ri�ht of eminerat domain, or in xny oiher manner, thr� Martgu�;�v . shalt be entit)ed to ail a,rnpensaticins, � �
<br /> . � �awards, . and any other.� payment or relie:f iherefur, and 'shall� bc entitled�, at its� �ption; � t:o comznence.� �x�iipear � in anil prosecnte in its � � .
<br /> � . awn name� any action or pr�u�eeding, or to make any c�mpromise or settlement, in connectiozi with 5uch taking or damage. All such � � . .
<br /> � � compensation, � �awards; damagr.s. right of -action and psoceecls are : hereby assigned to the Murtgagee, who� may. after deductiag . . .
<br /> � � therefrtirn �all its� expenses�, release � any . moneys� soaeceived� by it or � apply thesanic un aiiy indebiedness �secared hereby. The. RQo[f� � �
<br /> � . . g.agor ag�rees ��to� executc�� such furt}�er� assignments o[ any compen::ation, uwards,�� damages, and righi:s . of actiun� and , proceeds� as ihe � . �
<br /> ' �� � � . 1Nort8++See �may.� requi[a . . . . . ��. . � . . . . . . . . . . . . . . � . � . � ; . . . : . .
<br /> . � That .in case of failure to � perform any of th�r cnvenan45 hereir�. the 'llortgagee. may da nn t}ie Mbrtgflp;.br's� behalf even�thing � � � �
<br /> � so covenanted; that the M.srtgagee m�y also do any �ci it �nay detem nece.ss�ry to Prati�ct t.he lien thereof: that. the MortKagur will � � � � . � . � .
<br /> � repey upon demsnd � any �moneys paid� or �disbu�ed hy the �Alortgagee for any of the abceve pu r�ivses, and such m�nevs togeLfier with � ' � � � � �
<br /> , � � interest � therndn �at � the tate�� provided. in � t}aid � nate . r;h�11 bacoma- so much r��iditiona(� indebtodness hereby � secured� and may � he in� ' � ; . � . . � � .� '
<br /> � � duded � ixt � tiny decree foreclosing this mortgage and t�e paid uut uf the runls or �xoceeds� uf � s�le nf said �>re�nises � if not o[hcr�vise , . . . . �
<br /> � � paid; that it � shall not � be obligatory upon the Mortgagee to ir�quire into the vafidity of any lien, encumbrances, or claim � in ad- . � � .
<br /> vanciag��� moneys as� above.� autharized,� but nothinK .herein contained shalL.txe constraed�. .As mquiring� the ��Moztgagee� tu advance � any � . . � � -
<br /> . moneys� for. any �such� purpose nor�.to do� any� act . hereunder; and that Mortgagee shall. not zncur nny persunal. tiability trecaose ot any : � . � �
<br /> ; � � � Lhing�;it may.: do ac. omit to dv � hereunder.. . � � . . . � . . . . . . . . . � . � . . , � � � � � . . �.. . . .
<br /> � � � � � In the event af the default by Mortgagor in� .the payment o[ any instailment , as required . by the � Note� .securad hereby. � or .�. � . � .� � ' �
<br /> � � in the per(ormance of the obtigalion in !}��G mortgaKe.�iu in the note secnrPd theseGy, the Mortgagee shal( be �nntitled . to declare ihe � . � . �� : �
<br /> � � � � debt securerl �hr.reby due and Rayabte withqut notice , and the Morlgz�gee s3aall be entitted at its opt.i�n, wiChi�ut �nutice, either by iG9elt . � . . �
<br /> ; � � or bya rec.r.iver to �be �epp�>inted by the � court. thereof, � ai�d withouL regari3� to the � adc�c;;�acy of � a»y securit�y for � the � indebtedriess ve � : � . � �
<br /> - cumd hi>rehy, to �entrr �ilmn� and� take E�ostii>ssiotr� o�l' the mort�aged prernise>s, � and to cnllect and receive the renis; ��issues and profiis .. � . �
<br /> . � thereoi, and- applY the same; .less rosts of. operatian �and ��collection, u �n � the� �ini3ebtedness �sec�red by� this mortgage ; � said rents, . _ . . . . ..� .
<br /> � �. iasues and profits being herebv-sssignr.d��Lo the'MortRa�ee�ns further security for Lhe � nayment. ot alt .indebtedness srcureci � he.reby . . . � .
<br /> � � � The� �Mortgagee � shall have � lhe pvwer to xppoint uny ngent or agents � it may desire for the purpose of repairing said prem� � _ . �
<br /> � ises: renting. the su{»e; collectipg 4he rents, revenues antl incorne, and it may pay aut .ot said income all ex�ensrs; incurrecl in rent• � �� � � �
<br /> � �ing and managing t.he� same �and of coNecting the rentals- iherntcom. 'fhe bAlance � iemaining, if any.� shall bc applied toward the � -aq�„� c�- " '• ��
<br /> g � g 6 ' � is tn tepm�nate and became null and vwd upon releaw <�t this mortgage. " � �� • � '� � '
<br /> �� t3iechar e ot the m rt e e �ndebtedness. This assignment . ,, . . . � . � „„ .�
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