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<br /> ,THE 'F
<br /> MORTGAGOR URTHER' COYENANTB AND . AGREES:4 a
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<br /> z Phat the Mortgagor will, pay the indebtedness as hereinbefore - provided, .
<br /> That , thelMortgagornsIthe . clemer.of said property in fee simple " and has good right and lawful authority to sell sort
<br /> p convey the "same and• that• the same is free and dear; of, any hen or encumbrance; and -hat, Mortgagor will warrant anddefend the
<br /> d pitta to said premises against ilia claims of all Periods whomseever, ,
<br /> b To pay immediately when due avid payable •all general taxes special taxes, special assessments, water charges,aewer eery
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<br /> : ice- charges, and tither taxes` and eharges against said property and all taxes levied on the deht secured hereby, and to furnish ' the
<br /> vii ,.Mortgagee, `upon - request,;With the - dtiginal or -duplicate receipts therefor. The . Mortgagor agrees : that „there shall be added ' to
<br /> i t ' each monthly payment required hereunder or under- the evidence of debt secured hereby, an amount estimated by the Mortgagee
<br /> MI beaufficient to Enable the :Mortgagee :: to pay, as they become due; all `;taxes, - assessments, iand. similar :charges upon,.lheprem•
<br /> ises subject thereto; any deficioney because of the 'insufficiency of such additional payments :shall he forthwith 'deposited by^ the,
<br /> g { hfortgagortwith the -, Mortgageeupondemand by the Mortgagee. Any default under this paragraph shall he deemed a default in
<br /> 1 payment- of taxes, assessments, or similar charges . required hereunder.
<br /> tA, The Mortgagor agrees that there shall also be added to each monthly payment of principal and. interest required here•
<br /> under art amount estimated by the Mortgagee to be sufficientio enable the Mortgagee •.to pay, as it becomes clue, the insurance
<br /> , premium on any insurance policy delivered to the Mortgagee. . Any deficiency because of the : insufficiency of such - additional pay
<br /> menta shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee:.'Any default under, Phis .,
<br /> :paragraph shall be deemed a default in the payment of insurance premiums. If the policy or policies deposited are such as home• ..
<br /> ownersor all risk policies, and the deposits are insufficient to pay the entire premium , the Mortgagee may apply the deposit. : to
<br /> p ` • : pay:premiums on risks required to be insured by this mortgage:
<br /> Payments made by the Mortgagor under the above paragraphs may, at the option , of the Mortgagee, be held ' hy it and
<br /> Z:41, commingled with other such funds or its own funds for the payment of suchitems, and untihso applied, such payments are hereby •
<br /> t pledged as security for the unpaid balance of the mortgage indebtedness.
<br /> f,y To procure, deliver to, and maintain for the 'henefit of the Mortgagee during the life of this mortgage original Policies and
<br /> r • renewals thereof;? delivered at least ten days before the expiration of any such policies, insuring against fire and other insurable
<br /> hazards;.: casualties,- and - contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured thy this.
<br /> s . . Mortgage,and in companies acceptable to the Mortgagee, with loss payable clause in favor of and in form acceptable to the Mnrtga
<br /> ., gee. In the event any policy is not renewed - on or before ten days of its expiration; the Mortgagee- may procure insurance on the
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<br /> improvements, . pay the premium( therefor, and such - sum shall become immediately dueandpayable . with ,interest at the rate 'set
<br /> forth. in . saidnota until paid rind shall be secured by this mortgage. Failure on the part of the Mortgagor to furnish such renewals
<br /> : aa ate herein required or failure to pay any sums advanced hereunder shall, at the option of the Mortgagee, constitute a default.
<br /> i: : . . under the terms - of this mortgage. The delivery of such policies shall, in the event of default, constitute an assignment of the un. . -
<br /> f {;. earned Premium. •
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<br /> Any sums received by - the- Mortgagee by reason of loss or damage insured against may -be retained by the Mortgagee
<br /> x .. and applied >.toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or in - . '
<br /> a-, :- part may be paid over ta::the Mortgagor to be used to repair such buildings or to build ' new buildings in their place or for any.
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<br /> 'other purpose orobject satisfactory to the Mortgagee without affecting the lien on the mortgage for the full amount . secured . here. " .
<br /> by hefure such payment ever took place.
<br /> 1'dpromptly repair, restore - or rebuild any buildings or improvements now or hereafter on the premises which may be-
<br /> come damaged or destroyed; to keep said premises in good condition and repair and free from any mechanic's lien or other lien or
<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 /> said - property nor to permit waste on said premises, nor to do any other act whereby the property herebyconveyed shall become
<br /> less valuable, nor to diminish or impair its value by any act or omission to act : to comply with all requirements of law with respect
<br /> to the mortgaged - premises and the use thereof.
<br /> ' ., That should ni
<br /> the premises or any part thereof be taken or damaged by reason of any public improvetnt 'dr' condcmnatio'n -
<br /> 'ti proceeding, or under the right of eminent domain, or in any other manner, the Mortgageeshall be entitled to all compensations, : .
<br /> awards, and . any other payment or relief therefor, and shall he entitled. at. its option, to commence. appear in and prosecute in its
<br /> own-name any action or proceeding, or to make any compromise or settlement in connection with such- taking. or damage:All such
<br /> a " compensation. awards, damages, - right - of action and proceeds are hereby assigned to the Mortgagee, who may, after deducting •
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<br /> therefrom all its expenses. releaseany moneys so received by it or apply the same on any indebtedness secured - hereby. The -Mort
<br /> gagor agreesto execute such further - assignments of any compensation, awards, damages, and rights of action and , proceeds as the
<br /> : Mortgagee, may require. - -
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