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<br /> THE . _ MORTGAGOR.. - FURTHER . COVENANTS AND.. AGREES . . , ,t . 1 t4117
<br /> That thtt - Mortgagor will pay the indebtedness as: bereinbefurc provided, . ,
<br /> That the Mortgagor is the• owner of said property in fee simple and has good right and lawful authority to sell and . •
<br /> convey the same and that the Emmet free and clear of any lien or encumbrance ; and that Mortgagor will warrant and defend the
<br /> t;v title to said premises against .theClaimsof alt persons . whelnexoever, •
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<br /> +' : o flay, immediately when dile and paYattle attl" general taxes, special faxen , special assessments, water charges , sewer Fery-
<br /> k • ice charges, and other taxes and charges against said property , and all taxes levied on tin' debt secured hereby , and to furnish the
<br /> Mortgagee, upon - request . with the originalsir duplicate receipts therefor. The Mortgagor agrees that there shall be added to . +.
<br /> 4h � , oath monthly payment required . hereunder or' under the evidence of 11 Irl. secured hereby an amount estimated by the Mortgagee
<br /> gto !xi sufficient to enable the Mortgagee to pay , as they become duo , all taxes , assessments, and similar charges upon the prem •
<br /> tet ices subject theeeto: any deficiency beim ve of the insufiiciency of such additionai payments shall be f rthWith deposited by the
<br /> Mortgagor with the Mortgagee niton demand by ( he Mortgagee. Any defaultunder this paragraph shall tie deemed a default in
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<br /> paymentof taxes, annessmettts, or similar charges required hereunder
<br /> The Mortgagor agrees that there shall also be added to each monthly payment Ofprutctpal and- interest required hero -, .
<br /> :inches an amount estimated by the Mortgagee to be sufficient to unable the Mortgagee to pay , as it huc'nten due . the - insurance
<br /> premium on any insuranc • policy delivered to the Mortgagee Any deficiency because of the insufficiency of such additional pay -
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<br /> Intents shall be forthwith deposited by the Murtgat,c r with the Mort,Sagee upon demand b y the M trtgat ec . Ahy default under this
<br /> paragraph shall be deemed a default in the payment of insurance premiums If the pules c . r 4 thcies del /Wined are such v; bunny -.
<br /> r ' owners or all risk policies, and time deposits oreinsufficient to pay the entero irronhtun. , the Mortgage' may apply the deposit, to
<br /> pay premiums on risks required to be unutrert by this mortgage .
<br /> f laaymcntn made by the Mortgagor under theabove paragraphs may , at the option of the Mortgagee . be !held by it and
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<br /> eomrningierl with other such funds or its own funds for the payment of such items , and e.
<br /> Until n applied , such payments are hereby -
<br /> pleriged as security for the unpaid balance of the mortgage indebtedness .
<br /> 'I':e procure. deliver to, and maintain for the benefit of the Mortgagee during the life of this mortgage original policies and
<br /> renewals thereof, delivered at least ten days before the expiration of any 'Meh policies, insuring against (ire and other insurable
<br /> hazards, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this
<br /> a Mortgage, and in companies acceptable to the Mortgagen. with 1nt ,4 payable chaise in favor of nimd in fvt'tn acceptable to the . Moriga • _ .
<br /> gee. Ira the event any policy Is mit renewed on or before ten days of it )t expiration , the Mortgagee may procure insurance on the
<br /> improvements, pay the premium therefor , end !411111 . ore shall h ,conte immediately due and payable with ini . resf at. the rate set -
<br /> forth in said rule until paid and shall Ist 440eurni liv this mot-brava. Failure on the part of the Mortgagor to furnish such 1•4larwals
<br /> ns arc_ herein required or failure in pay any stuns adv oriel hereunder shall , ft the option e ( the Mortgagee , constitute a default
<br /> under the terms of thin mortgage. The delivery of such policies shall , in the event of default , c'. , nSUtote an tenni Itnen1 of the un .
<br /> earned premium .
<br /> Any sums received bycthe Mortgagee In rrasno of los ? or darltreke inr, rred against may be retntrhedt by the. Mortgagee .
<br /> and appbe,f toward the Payment of the debt hereto srceucel . Or. t41. the oi , iinn of fiur Mortgagee , slit- 1 suets either wholly or in
<br /> part may be paid over to On- Mortgagor in t 1. 0(ed tO repair verb hooding.:il . hng . or tit build ill new buildings in their piaci , r I r any
<br /> � other purpose or object ve tnfnet. , ry In the Mortgagee without affeetnhg the lien „ n tl mirage tot mhw. lull mr . , nnt ,ecrtr, . t here . _____
<br /> by heron* such payment ever took place .
<br /> To promptly repair' , tesl ..rr.. or rebuild asp hniliflo H en, ( rrovetnenty Nov, nr bercafh' r on the premises which may bar
<br /> come damaged or destroyed : to keel ' 4‘.sid ptnnhiser• 111 gi • nl y011d11ion snot repair 4/ 11 ( 1 11- 1. 4 • from any mechanic ' s lien or other lien or
<br /> claim or lien not exprn481y Q. ttherdina 1.ed to the lien hereof , not t ; ; <ulfrr or p : ' rmrl . ro. nnlawf . hl use of op guy ane-once m . , fay isl on
<br /> said property nor to permit waste . . •_r. nl premises, n , , r to do ,illy . Ther ace v. herel .y the., ptnp .erty hereby . ori - red .shall become .
<br /> lows valuable, nor to diminish or impairhits value by any and or omission to net t . , ' ' . nd y vi Oh all requirenemts of law with respect . .
<br /> to the rnrtrtgaged pn• rnises and the use ihereuf .
<br /> Thal 4114ou1 (3 the 1414011114;094 or any ' rad iheIee ,t he t ,lkrm or damaged t ) r . a _nr of any public nnprovenhen ( of a 1tndenhna1icn
<br /> proceeding , or node ; the right of eminent domain , . a P11 any other rummer , U ,e 'it . ' rt [; ag ••e Ghali be . whiled It ) Oil t -Drop . tsai Dots .
<br /> awards . and any other payment or relief therefor , and shall be entitled . at its option , to commence, aplivar in and prosecute in its -.
<br /> own name any action or t . rrx.ee. linp, or to shake any compronuse or settlement ill . niineclion lvilh such taking or , Inmtege All finch
<br /> compensation, - awards, damages , right ot . action. find pi-tweeds aro hereby assigned to the Matte:wee , who pray , after deducting
<br /> therefrom all its expenses, release any moneys so received by it or apply the sante On any indebtedness secure.! hereby . l'he Mort -
<br /> gagor agrees to. execute such further assignments of any comnpaen ,st. Iwn , awanis. damages , and rights of action and. l: rt.'neria as the
<br /> Mortgagee may requite .
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