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<br /> ��' � C� 5930 .
<br /> T�(E MORTGAGUR FURTHER COVENANTS AND AGItEESr , � �
<br /> � .: That the Mnrtgagor w�ll pay the indebtedness as; herginbefore provided. : � .: ; " . . . . �
<br /> � Thak the Mortgagar :is the. Uwner of said property in fee� �stmple and has good right and lawful authority to sell and �� �
<br /> ,�� convey the same anc3,. that the garac+ rs �iee and clear af any lien or enrUmbrance ; an�l.: that Mor[gagor will warrant and defend the : . , �
<br /> title to r-aid nrPmiaes • aRainsG-'the cisims of all pex'�ons whamsqever. � � � � � . �� .
<br /> $' � � To pay irttipeljat�iy when due '&nd payal�le all general taxes special Yaxes, . special � as�assments, water chargeR, sewer serv- � �
<br /> , ,.. ice charges, and oLher texes ancl chargc� a�;ainst; at�f51 proE�erly , nncl .+II laxes le�vied �oii the deht� secucec[ hereb}-, . aixl to furn�nh ihe � . �� .
<br /> ��� � Mortgagee, " lipon 'reguesY, �wif.h� fl�e oiiginai �or c� _ ;I4cate�� receipts�`�therefor. 1�he � Mortgagor . agrres 'Cha.t LherF� shall be� added tb � ' ' ' � . �
<br /> ��. . each � monthly payment required hereunde7 or uiider fhe evidence i�f debt � sexured herrby un amount eatirn�t.«-d by the.� Mortgagee�
<br /> . � i� � to t�e�. sufficie>nt tp� enab2e kha ':'.iVli�ttgagee'.� t� pay, as tliey become duv, atl f�xr.:,, � assessrc�ents, and simil�r ��chargr,y upon ; the prem- � � ��� . .
<br /> ises subject��thEreto; � any deficien�y t>ecause �of the insufTciin< ,y of � such� additionaf p5yments � tihali be � �forthwitl� "depersited� hy the � ��.� . �
<br /> � . �� hSurCgagut wit}t thr S1:rrtgagaE .:�;xrn .,dcm� nd 4�y !he Mcrty;ay:���?. .kny default unr3cr this paragraPli shall hc decmvd a cl<ataulZ in �
<br /> ^ ; , payment af�� taxes, ��assessments, or �similar.� chxrges reqpire<i heieunden � � � " � � � � � � � � � � � � � ;��� �
<br /> . � � The Merrtgagor agrees that there ahall also lw. . adcied lu.: each rnonthly ��ayment of . principal ��and interes4 required here- � � � � .
<br /> ' � . .� . � � under� an amount est➢ mate�l by the Mortgagee to be seilficient tn enablia t1ie� Mort.gagce to pay, as it becomes duc-, tht � insuran�e ���� � � � �
<br /> � 7�remium <rn any . insiir.}nce pc�licy dc. Eivered to the Mortgagee. Any dt�ficir.noy becausc o[ tl7r en.>uffer.ic-ncy aC such additiunal pay - � . � . � ,
<br /> ;� � �� � m<�nLs shall' be f�rtkrwith ' depci.sited � �F�y Yhr � Mortg»gor with the Mortgagee u{wn� drrn:incl� by tFie � Mortgageea. � A�ty tlefault unciEir this � . �
<br /> `� � pnragraph shult tie tieemed a cieiauti in the payment of insurance premiums. If �the policy or policies dc. positc:d �.a�e sach a� Frome- � � � �
<br /> � ownezs ctir ttll rtsk po'�icies, and t}��e dept�sits are inaafFicient ta pay tYie- entira � pre»aium , thr Mortgagee rn.iy appt�t t�hr dr�:oowrt to � . . �
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<br /> PaY Premiums an risks reyuired. to ku� insiued 6y this mortgage. � � � � � � � .
<br /> . � Payments made by the Mortqagor under the above paragraphs may , at the option crf the Morlgagee , be held � by it And . � � � �
<br /> '.' � comrningted with bther such ��funds`ar its own [utida for the payment of��such�� items, �and until so applied, such payments arc hereby � . � . � . .
<br /> � pted,Qed � as security � far the unpaid balance of the mortgage indebtedness. � � � � � � � � � �
<br /> To procure, <leliver to, anil maintain for ihe benefit ot the Morfgagee duri.nf, tihe � life of this mortgage original Polir, ies and � � �
<br /> . renvwats� therc�f, delivered at. lerast t.en days before the capiration ot any such poE3cres, insuring against firc and � qthrrr iiisurahte � � � � . �
<br /> hazards, casualties, and contingencies aN the MorGgafi�e may require, in an x�mount equat to �the indebtedness secured hy this � � � � � �
<br /> Mortgage, and : in companics acceptahle to the Mor4gagr. e, wifh los� payable clause in favor of and in form accer>table to the A4ortga-�
<br /> gee. In the event. any policy is not renewcaf un or br, fore ten days of its expirat.ion, the blortgagce may procx.�ie insurence on t.he� . �
<br /> � impruvements, pay the prcmium there[or, and such surn shall 1-recnmc: F �rvnediately due � anct payable with interest at the rati�. � srt � ��
<br /> . . (orth in said note until paid vnd shall Lxr secured by this martgage. Failure on the part of the Mnrtgagor to Curnish such renc��vals . - � � �,
<br /> � �, � as are-herein required ur failure to pay any sums advancrd hereunder shall , at thEr option of the Martgagee, cunstitu2ce a de(ault .
<br /> f^ ❑nder the terms of this mnrtgage. '1'he delivery nf such policieti shall , in I.hE�• event of dcfault, rc:� nst.ilufe an assignmenY nf the� um � � � �
<br /> � earncd x�remium. . � � � . ', . . � � � �
<br /> . � Any sums rEceived by t.he MortgaFe�� by re�tiun �sf loss or dansage � insured agains: znay be retained 6y the 91ortKagee � . . '
<br /> � � and applicd toward the peymeM of the deht hereby secured , or, ttt thc option of the h2ortgagee, � such sum+ eith�r u•halty . or in � '
<br /> ' �� � parf. may . be paid over to the Mortga�or to !xa used to repair such buildings or ti�� liaild � new.. t,u�i�{� ..r:= in their place or for �anv : � � � � �
<br /> ( � . � other purpose ar object satisfactory to the Murlgugee witl�out affecting lhe lien un the mortgage for lhP full amovnt-Mv:.....:�.,.t t _� � � . : �
<br /> ° . � by belore such payment ever tcwk I>lace, � �`� �"��+' ••` " "���� . . � �
<br /> � � � To promptly � rcpuir, restore or rubuild nny buildings or imE��rovements now ur hereaf'ter on the prernises which rnay he- � .
<br /> � .� � ' come damaged or destroyed ; tn keep said premises• i�i good condition and reFiair and free. from any mechanic'c lic� or c.�ther lien or . � � . � �
<br /> � � claixn of lien �not expre.ssly subordinated to the lien hereof; not to suffer or permi [ any unlaw(ul use of or any nuisance to exist on . � � �
<br /> � rraid property nor to permit waste on said. premises, nor to do nny other act whereby the pro�rrty hereby conveyed shuli tx:come � . � .
<br /> . less valua6le, nor to dimini!nh or impair it�s valut: by any act or omission to act ; to comply wiYh all reyuirements uf law with respect .
<br /> . to the mortgaged premises und the use thereof. . � .
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<br /> That should the premixs or any part thereof be t.aken or damaged by reas��n o[ any public improvement or condennation � � .
<br /> proceeding, or under the right u[ eminent dornain, or in any �ther manner, the Mortgagee shail be EIILI �IEd t.0. 8IS cornpensalions, ' � . � �
<br /> . � awards, and any � other puyment� or relie[ therefor, und shall� Ue- entitled . ati its �option,' to enminence; appear �in antl prosecute �in its . � �;. � � �
<br /> own name any action ur proceedin6, or to mt�ke any compromise or setllement in . connection with such taking or damage. All. such � � � � � .
<br /> . compen.yation.�. awards; � ilemages, � right of actiion � and proceeds � are. � hereby � assigned lo the � Mortgagee, �who � may, atLer�� decl�cting � � � � �. �
<br /> � �therefrom all� �its �exi�¢.nses, release. .ang� moneys so received by� it . or apply� che � same on� any. �indebtedness. secured her�cby: Tht� � Mort- �� ;
<br /> gagoX. agrees � Lo execute. such further aasignments of any c:om (�en.atiun, ak^rsrds, dama�es, and righGs of actii�n and _ ��rocec:�3s as the . � . . . �
<br /> I - M�rtgagee:,may� require. . . . . . . .. . . . , . � . _ . . . . . . . .. . . . . � . . . . , � . . . � .
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<br /> . . ThaL in cawe ot failure t�> pertorm �ny of the cuvenants herein, the Mort€��Ee may do on the ��Martgagqr's beha[ f �everylhing �
<br /> � so covenantec3t that the Mortgagee may also do any act it. may dec+m necessary to {�rotec4 the lien thereof; that the � Mortga�or wiU � � . . �
<br /> repay u[sbn �demand any' moneys paid� or ' disbursed � by the� �Mortgagre for :a�ny of the ahuve purprnes, and � such rnoneys toget}ier with � � � � . � . .
<br /> � iTiterest' �thereon �� at � tt�e rate � provided� in � said note shall became so much additional inc�ebt�lnPss hereby � secured and may be � in- . � � . . �
<br /> � � cluded in anY decree foreclosing this murtga�e and be paid out. ot the renLc or proceed� � of � eale of said�� premises� if���not � othervvise�� � „ ' � . � � � �
<br /> � paid; that it shall not be obligatory upon t}�e Mort�agee to inquire into the validity of nny { ien, cncumbraznceF, or daim � in ad- � � � �
<br /> � , .vancSn����oneys .as �above �authorized, 6ut . nothinq . herein contained� shall be �construed � as requiring�. the Mortgagee ta advance any . � . � :
<br /> � �� moneys for. any such �:purpose nor�. to �da .any � act hereunder, � and that Mortgagee shall not incur any personal.liability because of; any-.. � � �, � � :
<br /> � � thing. it .may� do or omit tp. do. hereunder. � . . . . . . . . . . �. . � . . . . . . . . � .. � � . . . . . . �.
<br /> f � Sn the event uE the default by MortKagot in the .payment uf any installra.rnl , as rryuired hy [he Nutr secured he�reDy. �qr ' �� . �, . . .
<br /> : � .i:� ihe pedormance oi the obliga[ion in this mortgage or in the note u:eured thereby, the Iv3ortgagee shail be enGlled tcy deciare the � � . , .
<br /> � �� debt secured hereby,due anci��.. paya6le without notiee, a.nd ,lhe Morlgag�e shal[ be euiitled at iis option, withaut nntice, ciiher by itself . ,
<br /> ; � �. or;by �a receiver to be appointed by the ''court thereoF, and�without 'regard to �ihe adequacy of �any secvrify far � the. indebtedness se- � : � � . � '
<br /> j� . cur,ed hareby, to enter upon and take pas�c•ssion�. o! the mortgaged Pr�r mSses,. and to cottect nnd , receive.:the rents, issues and profits � � �
<br /> ;, . � khereoE; and apply Lhe same. .less cc�cts�' o[ operation ahd collection, upon the indebtednrs.a secvired fiy thiti mortgflge ; Sait9 rents, � � � {t , .�,� �
<br /> `; �� � �� �iscsvesand� profits }ieittghereby���asriR�E'��tothe;MorlgaReeasfurther��security� forthe � payment �ofallind<>btednes= serured�� hercby. � . . .:,...�.. � " ' ''�
<br /> : � 'The Martgagee ahall . have the power to �appoint any agent or agents � it may desire .for the purpose of Tepairing said prem- � � 4 '�' ��
<br /> ises; renting the same; c411ecting t}+P� rents, revenues and � income,�:and it may pay� out of said income all expenses incurred� ' in rent- , � . ' ' .
<br /> � ` . .-ing , and� � menaging � t'he same -an d o f co l lecting �the � rentals there2' rom: :�The. balance remaining, it any, shall be- appiied �toward the � . � : � �
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<br /> � � clischarge of the mortgage inde,biedness. This � assigntnent. is to �teiminale� and become null and void. upon release of Chismortgage. � '= a „
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