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<br /> THE . MOIVIVACOR: FURTIiER t ,'OVENANTS ANI) . ACREES: . ,of a.l ' 'rpt + ; s
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<br /> That the Mortgagor will pay the indebtedness as hereinbefore provided.
<br /> . + .% Tlial the • Mortgagor is the ;Owner of said property in tee sihnpla and has Hood right and lawful authority to sell anis
<br /> to convey the >same7 and that Lite same is free :ami clear of any lienor enctunbramr; and that Mortgagor will warrant and defend the
<br /> r;.� title • to saidtpremises ;against Ole claims of all t-ttsons whertneoeven
<br /> 5 • To pax immtdiateely when due and 'payable all general taxes, stmdal taxes, special assessments, water charges; sewer eery
<br /> tr ice charges, anti other.taxes and charges against said property, and all taxes levied on the debt- secured hereby; and to furnish the
<br /> Mortgagee,.upon request with the original nt duplicate receipts therefor, The Mortgagor agrees that there shat! be added to
<br /> each monthly paymentrequited hereunder or ander the evidence mf debt secured hereby an amount estimated by the Mortgagee
<br /> to be suficie.nt Pict enrrhte the Mortgagee tn pay; as they become due, all taxes, assessnnoi ts. and similar charges upon the prim•
<br /> ices aubjeet theroto; tiny deficiency because oftile insufficiency. of such additional payments shall be forthwith 1leprq;itecl hg tire
<br /> . . Mortgagor- with the. Mortgagee Amon demand by the Mortgagee. Any default under this paragraph shall be deemed a default in '
<br /> • ,, payment oftaxes, assessments; - or similar charges required hereunder.
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<br /> The Mortgagor agrees that there shall also he added to each monthly payment of principal and .interest required lure.
<br /> ; under anamount estimated by the Mortgagee to he sufficient to enable the Mortgagee tri pay, as . it becetnes due, the insurance
<br /> ;.1• , - ' arremium on tiny insurance policy delivered to the. Mortgagee, Any deficiency lwcause of the insufticicnry of such :additional hay-
<br /> menta shall be forthwith deptu>ited by the Mortgagor with the Mortgagee upon demand by the \-iortgagee.:Any default under this
<br /> . 'paragraph'. shall be deemed a default in the payment of insurance premiums. If the policy or policies deposited are such ax hone•
<br /> f" owners or all risk policies, and the depositsare insufficient to pay the entire premium, the 'Mortgagee may apply the detx>,sit : to
<br /> B „• >- pay premiums on. risks required to ire insured by tins mortgage. > :
<br /> il Payments made by the Mortgagor under the above paragraphs may, atthe option of 11w Mortgagee, be held by it and
<br /> i' , cotnmingied, withother such funds or its own funds for (he traynient of .such items, anduntil so applied, such payments are benehy
<br /> pledget us - security - for the unlioid balance of the mortgage indebtedness..
<br /> tet , , To procure, deliver to: and maintain for the benefit of- the Mortgagee during the We of this mortgage original policies and
<br /> • s ' renewals thereof dclivend at least ten days before the expiration of any such policies, insuring against fire and other insurable
<br /> baxarda,• casualties, and contingencies as the Mortgagee may require, in an amount e.qual `to ther indebtednesssecured hythis
<br /> ?A,' '. n Mortgage, and icompanies acceptable to the Mortgagee, with loss payable clause in favor of and in form.acceptable to.the Mortga,
<br /> . . :gee, In the event any policy is not renewed onor before ten days of its expiration. the Mortgagee may procure insurance on the,
<br /> , ' ' improvements, - pray the premium therefor. and such sum shail beanieimmediatelydue and payable, with interest at the rate set
<br /> forth in said tote until paid and shalt be secured bythis mortgage. Failure on the part of the Gforlgagorto furnish such renewals
<br /> _ as art herein required or failure to pay any sums advanced teereundershall; at the option of the Mortgage, constitute a default
<br /> under the terms of this mortgage: The ilelivery of such polities shall, in the event of default, constitute an assignment of the un,. -
<br /> '' earneehpremium.
<br /> Any sums received by the Mortgagee by reason of loss ordamage insured against may he retained by the. Mortgagee -
<br /> and : applied toward the payment of the debt hereby secured, or. at the option of the Mortgagee, such sums either wholly or in
<br /> icy part may be paid over to the Mortgagor to he used to repair such huihlino or to build ' new buildings in their place m r ' tea any -
<br /> ` :other purpose or objectsatisfactoryto the Mortgagee without affecting the lien on the mnrtgngefor the full amountsecured here
<br /> by !-+fora.- such payment ever took place:
<br /> ip To promptly repair, restore or relmild any buildings or improvements now or hereafter on the premises which niav be .
<br /> come damaged or destroyed; to keep said premises in good condition and repair 'and free (ram any mechanic's lien or other lienor
<br /> claim of lien not expressly subordinated to the lien hereof not to suffer or permit any unlawful use of or any nuisance to exist on
<br /> i % said property nor to permit waste on said premises, nor to do any other act whereby the property hereby conveyed shall Ixrcome
<br /> less valuable, nor to dimini:dt or impair its value by any act or omission to act ; to comply with all requirements of law with respect
<br /> c to the mortgaged premises and the use thereof.
<br /> That should the premises or any part thereof be taken or damaged by reason of any public improvenmhEb* tundnniriatio r•
<br /> 12,.• ..1,yciceed
<br /> .proing, or under :the rightofeminent domain : or in any other manner• , the Mortgagee shall be entitled to alt tvtmpensations S, ;
<br /> awards, and any otherpayment or relief therefor, antishallbeentitled, at itsoption. to commence, appear hi and msmcute in its
<br /> , l; : ownnameany action or proceeding, or to makeany nnnprnmise or settlement in connection with such taking or damage. All such a •
<br /> ?" - compensation,
<br /> . awards, damages, right of actionand proceedsarehereby assigned to the Mortgagee, who may. . after , deducting
<br /> therefnun all its expenses, release . any moneys so received by it or apply the same on any indebtedness seemed hereby, 'The Mort•
<br /> ;• t : gagor:-agrees: to execute such further assignments of any compensation, awards. damages, and rights Of action anit- proceeds as.. the - , .
<br /> i” Mortgagee may require.
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