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<br /> 'THE MORTGAGOR FTJRTHER - COVENANTS AND 'AGRLES: : ;
<br /> � . � � � Thetr Lhe� Morigagor will �pay�� the indebtedness as�. hereink�(ore provided_ � . . � � - � � � � � . . � .
<br /> � � That the - MortgHgor .�:'is t6c owner of sr�i<i pruperty in fee Simple � f�nd has good right and ]awful authority � to sFf1 and �' � �
<br /> � eonvE.y Yhe same and that the'xam� fs`fren an,rl�. clPar yf any ]ien or � eru:umbrance; and � t.hat Mortgagnr will warr3nt and � drfend the . - .
<br /> title � to said premi�ses againsf- the claims af all �� persons �vhomsoever. �- � ��
<br /> �' � � � To pay, immediately �Yhen �lue �ancf payable all 6eneral taxe,s, specix�l taxns, : sj�eci31 ass�s�:;ments, wntrr charge�, se.wer serv�-
<br /> ��� � � � � ice ahnrges, and other taxes�� and� chargea �gainst saicl prnpirty ,�� arsd �ll taxes leviril on the� r3ebtsecnred he�re.by, and to furnish the � .
<br /> " � � MortgaK�'�� iipon reyut-si;. with ihe orisinal ui . tluplicate . recPi@ts t}urcfvr. �The T4ortgegnr aF,rees tl�at Lhr. re 3ha11 Ue � added tq �- �
<br /> �.��� � each monthly� peyment required hereur�der or � under t}i�. ' P��i�3eni:e uf clel�t secured tiFr�.rby an �amount estipn:ttc•d . by the h9ortqagee �, � �:
<br /> - � '� . � to..�be .suHicic�nt to 'Cnabte the�� Mortfiagee .to . pay . as thcy 3�ecome� due; all � taxes, nssectiments, and similar ct�ar�;es u{Mn � the prem-j>
<br /> ,• � � � ises ��s�itiject� theretca;�� anq �3eficiency kwcausc � +�f � ihe insutCicirtncy of� - such addiHona! payments shafl � he' forthwitii dc:pcnited by the� � . .
<br /> � Mortgagor with the Morfgagre upon [lerriand by thr Murt�;��;eo:. Any ilctaulL x� nder tkris parat: raph shall i�a deemed � de[<;ult in . .
<br /> : j ��. . � paymt+nit.� of taxes, �avsessmentc, nr � similat charges rt�quire�d herei�ndr.r. � . . . . . . . . . . . � . . . . . .
<br /> : . ��' �. � � The MarLi;ngor agre�e�s that t}�ire s}�zill 'also I'�e a�ldr�d to each mnnt171y payment of pnncipal and ultc�retit required heie-. � . ��
<br /> ' :� w�dar an rymount estimated t�y ther Martgagecr to bc� sidiic�ic�x�t t��� etiiable Lhe Mo� tga�ge� to �>ay , ax it. becorzu>s du�, tk�e insurance �� .
<br /> premium on a,ny insur�nce policy �lelive.rnd ti> t3re Mortgary�-e. A �zy d��ticiuncy hrcause �rf Lhe irisu �r. iency <�!' s�scEa ai3diti<>nal pay- � � �
<br /> . xncnis' shaii i�t- �itirthwii.h� de7xisiiau � iiy� - the � i�doxi.ghgair � wlii� in�• :.` eit�� gagee iip.ii< <. . ..�....� �'. iy ittz "�" rt�;o.r='�-. � � r.y d fou:t arder th :, � . �
<br /> paragrupli sliall lre dcerned a dcfault in tlie payment. of ix5surance prrmiu�ns. If 'he �-�oli<y � or poticies �ie)�osited � are vuah 'as hvme- � �� � � .
<br /> � � owners or aIi risk p!alicicc, and fh�;r depo:;its ar�° insu�<rirr�t. to pay th�:> �-nt.irr pre�mitun, t.tie hlrrrfgagee> may spply the <1e�posiY !o � �. .
<br /> � . paY Premfums on rlsks i'equired Lo be in�surcNl by fhi:� rnor4t; �gc. � � . �
<br /> � . � Y7�yments made hy ihe n�lurt�:agor undvr the= al,�ov .� }iar:agraph7 rr��y , at Ik�e option uf Yhe Murtgagee. be helcl by it ancl ��
<br /> � : ctSmmingled �.+�ith olhes snch fun<Is or ii�:k nwrt [urv7� for lh�• p�ayr�n ��rit <rf sn<:3� ,terr.�, and :� r�f.i6 wo a}�ptied , such paYments are hr. rNby . � . �� � .
<br /> � pledgal assea�rity Inr . the unpaid balanctr uf the tuortga,r, e i�:dt�btrdnes�;. . . . . . . � ' . .
<br /> To proc:urr, deliver t�'�, aud rn�tintair� for the bon2fit nf tha T4ortgagce duriny, the life �f thiS marCgaqe uriginal. r>olicies and � �
<br /> '� renewule. Lherc.o£, deliverc�d at l+r:�st terr days be[ore the� expir,� t.inn u( arry such �>���liciva, insuring ag:�inat fire and other insurHhlc . � .
<br /> "� � �� ltiazards, cNsuattics, ar�rl contintc�ncies as the Mortgafi�`�' '=���Y rc�cyuire, in an amaunt c-.�ua1 to the indcbtedneas secured by this � � . � �
<br /> �. � hdortguge, Qud ixr compam�,< u¢;ecytnblF tu t.ha• n1 �� �tk ��'�'E"� -.+ � Ih la �ss �ravable cl :au�,�e Sn frt-e�>r of and in form acY�ept.able Yo the fvlo�•tga- . . .
<br /> � gee. In tftc event any {�olicy is not renrwed wa ur hr.fore tt�n days of iL�; erpira �iori . ihc• MortK3gee may procure insw�ac�ce on the � . �
<br /> � � impre�vements, p>tay the prE+n�iurvi iherefr�c anri such ,inn �txall hcr�,rx�a imanc-diatcly �-� i�e anci paiya4�le with intereet et th4r rete set . � � �
<br /> � forth in sa�id nc�tc unli ! flausi and sh;ai3 be, secura•d by f.hi� _�.i� uigae ���. 7'ailurc un ihe p� rt of t.he MorYgtigor to furnish suck� renr. wals � � � . � .
<br /> - tts are h�rain required or f:+ ilure ��.� �.'�ay anY :sums 2dvanee. l �'iorcundi�r .�hal1, at tlie optinn i�f l}te. Mc�rt€.agee. cunstitute a dcfault � � .
<br /> under ihe terms of this snortgage. The �lel �ve�ry n( suc}�� pole �irw shaS (, in thF� ovpnt of d�-f1au12, const.itiita sfn agstKnmrnt uf thr vn- �
<br /> � .� eamed premium. . �. .
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<br /> Any sua�ss r�aoeived by tha �'for[V;�aE:F�' �'y reasrm uf Inss or danxage ul�ured aKaiasY tnay 2.e retained by the Mortga@,ee - ..
<br /> aad ap�>lied toward ti'�e p+�yment uf f !'�e debt hvreby accureA , nc. ,it thr,r option of t.he Murtgagee, sach sums either w}��Ily oe ire �. . � �
<br /> pnrt mr�y be� paid ovc- r tu the blorlg�a,�ur Lo k�e us�d tu rrpeir s�arh huildin�s nr t�-, txri!r1 ' n�ew hv �l�lir+.gs tn ? heir {�I;3r�- ���r fn� any . . . . .
<br /> other purpase or ok>ject satisFaCtury f,o the Murtgagve wiYhuut afT�ct.ing th<r lien un the mortga�;e (or IhF full amount svcurnd here- � _ �
<br /> by b�[ure such payment ever 4i�k place. � ���
<br /> . 'Po promptly zePair, restore ur rubuild any huilciirig� or i �n�rro��ernents no�a- ur hrrea[ter on t.tie premisrs which may be- . . � � � �
<br /> . � eome damaged or destroyed ; to k�>ep said prc�mises in �,cwd conditi.rn anci repair and fre�e from any meeh:�rie's lie.n or other lien ur � �
<br /> � claim of liei� not expressly suF,+�rdinatc��d to the lien h��reof; nut to sulTer �,r pennix any unlaw�ful use nf or sny nuisancv to exist on . . � - ..
<br /> �� � said pruperty nor tiu permit waste un suid premises, nor t <, do any other ar..t wher��hy the P�vperty hereby conveyed shall turmme � . � .
<br /> . less vnIu361e, nor to dim�inish or iinpair its valu�r hy any Fact ��r ornis.iun te� aact ', to enrnply witli alF req ��ire•ments u( law with respc•ct , � � "
<br /> to thcr mortgaged premi5es and the user t.hureof. . �� � � � � �
<br /> That should the premises or any part t.hercof Lr: taken or damuged hy r�asun of an;.� public i�nprovement or cnniemnatton � � �
<br /> proceeding, or iander thc right of eminent dcrrn:�in , or in any other mnnro� r, thc �1ort�;aKee shall be entitled to r+❑ cirmptnsations. � . � �
<br /> . xwar3s, and any olher payment or re:+lief tF�erefur, and eha11 be entil:ted , at its option , to commcnce, aiipear in and Procecut.e in itq � : �
<br /> qwn nurrte anY action or Vroc;ereding, or tu make ;iny cumpromise or set.tleme�ut ui co�v7eclicm H�ith such taking or damage. All such � � � .
<br /> t � compeneation{ . awards, �dsamages�, � right of action and ptoce�ls are herehy essigned to the Mortgagee, who mHy. af4er - deducting � � � � . � �
<br /> . therefrom alt iLs exPenses, release any moneys so received hy it or apply the same on any indebtedness secured hereby. 1'He Mott- . � � �. � .
<br /> gagar agrees t�: execute such furthe. r assignments of any coinpensatiun, awards, damages, and rights of act.iun and Proceeds as the . �. � � � �
<br /> MortSagee may require. . � , . . . . � . . . .
<br /> , That in case of tailurc to perform any of thr ca��enants herein, thc Mortgagee may do on � lhe Mortgagur's bt:half everything . � � � � � . . .�
<br /> no cavenanted ; tbat the Mortgagee may also da any act it rnay deem necessary to protect the tien thereof: that the Mortgagor will -' . � � . - � � �
<br /> � repay apon demand any � �m.oneys paid or disbursed by the Mortgagee for any o( the above purposes�, and snch moneys toget6er with �� . � � �
<br /> interest there.on at the rate provided in said note shall becnme so much additional indeUtedness hereby secured rend muy � F�e in- � . .
<br /> % �' cluded in uny decree forec3otiing khis murigage and br paid uut. of the rents or ,�roceeds of snle ot said premisrs if� �not otherwise � . � .
<br /> � � paid; that it shall not be obligatory upon the Mortgagee to inquire intu the vaiidity o( any lien, encumbrancen, or claim in ad- ,�:,, �
<br /> �� vancing moneys as above authorized; but nothing. herein. contained shall be cun:�trued as requiring the Mortgagee to. advance any ._ � . �
<br /> ` � � moneys for any such purpose nor to do any act hereunder, and that Mortgagee sh+�tl nok incur xny persunal liability because of any - . .
<br /> thing� it may do or omit to do hereundec . � � � ' � � . . � � �. � . . �
<br /> � � 7n the event of the detault by Murtgagor in the payment of any insfatlment , as required by t.he Note se�cured hereliv, or � . � . .
<br /> " � in the p�er(ormance of the obliKation in this mortK3F:E' or in tlir note secured Lhere6y, the Mortgagec� shaJl b� en[ itie>d !o declare [he � . � . � .
<br /> . �� � debt secured hereby. due and payable without notice, and .the Mortgagee sha)I be entitled at iis option, without notice, either. by itaelf . � � �� .
<br /> �� � � cr. �by is mceiver to br� �appointetl by the court fhereof, and without rcgard to t�he adtquacy of any � security �for the �indebtedness. u:• � .
<br /> �- . � cured. hereby, to enter . � pc:n and � take pnsfiession� �tif the � mort�agecl � premises,� an3 to cotlect and receive� th� �rents, �issues �and profits � �
<br /> . � thereaf. �and. aGp3Y the varne, .iess coais ub oF�rrai.ion ami .�.,liv�.ti.;ti. uZh.m ih � i:.:9.=b: . �' r �- �,c kcured hy P.�is n-<�rt�,.t e � s:3ed re^ts: .
<br /> �� i4wues and prafits Ue:ing hereby �assigned tu the Mortg»gi�e as [urther sett� �ity fnr the nayment oP uil� indek>tPdness s«�cure�i hereby . � �
<br /> � � � � Th� Mortgagee shall have the pawer to appoint any agent or agent.s it r.�av desire tor Lhe purpe�.se of repairing � said prem- . } � �
<br /> � . ises; renting the . same: eullecting the rents, cevenues and income, and it may pay out or sa;a income ail expenses incurrecl in renb I ,
<br /> � - ing � and manaqing�� the same and of collecting tH'a renlals lherefrom. The 6alance remaining, if any, shall be applied toward the �' F � � ��"�� �" �
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<br /> '. dischazge �f the mortgage . indebtedness. This ascignment. is tu terminate and lx.comv null and void v �n release of this mort a e. ` "., '
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