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<br /> Yi �r .�t THiS MORTGAGE%:IS Al-SO'> 70 BOkNb< CliNTINUE TO BE; FROM, TIME ;TO TIME; SECURITY FOR THE • PAYMENT OF SUCH '
<br /> t 4. $5 , SUpI OR�SUMS GF MONEY AS THE' MORTGAGEE MAY FROM TIME TO TIME IN ,THE FUTURE 'ADVANCE TO :THE. MORTGAGOR ANO
<br /> i 1fitt�ts r E{fIDENCPLe e .D:B1` A SUPP[nittiTAL NOTE ei NOTES' BUT THE-TOTAI:' 1NDERTEONESS 'SECURED , BY ' THIS MORTGAGE . SHALL HOT
<br /> rr : l EXCEED ONE MUNDREb:TWENTY f 12Gj PER CENT OF THE d.AMOUNT NOW OWING EXCEPT FOR ANY ADVANCES THAT MAYBE ADE... . i .4
<br /> 1" T01PROTECrIN E•JSECURITY 1N ACCORDANCEIVITtrIME 'TERMS` OF TH1S 'AfORTGAGE:":
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<br /> TLiE ctrl AGOR FT t s . i R tgvENAliI'!',5 AND At:REE4ikdL• s� *4.;
<br /> 3
<br /> Hfin. t r r > r r rt f� tY z �'� • r ' r .7 s 'L4 y'
<br /> ry ' • i.. 3 r ,f �yr4 $.4-
<br /> Thatahe Mbrigagok 'wlll payt illi indebtednesitas • herein before t provided ., , d � ,sol o
<br /> ' ; , , f t :, ,t
<br /> , 1That] the ldertbragar jig iho avner OE Said property infeesimple anis lias . good right and lawful. authority , to sell and { , , i
<br /> z ooayey cite same and th,if the sambas free anatgl, M of a ichen or encumbranceand that Mortgagor will warrant and defend the , j , h tea.•
<br /> rql AA,i f title bb satdrpremtaes?agidriat therydliiii tiof alt ttetxms whomsoever r i j v "`y
<br /> 1.
<br /> 2;(1kg el`y i kc € • �4 pay tnuaedtete4y ibrin due`and.payab IeIall. generale. taxe.yspecsat fazes. special assessments, ' water(chargearangersere
<br /> J 1 ;t ice charse • and ether taxes earl t�iergess egauist sald :pmpetfv anti' alL tazer,levted SI The debt,aentred hereby; and io; futmsh the s t nal
<br /> c �iy{� Mortgage r upon request} .with ; hitt origurol.' of rtuplicatra receipts, therefor., Th t Mortgagor Wo agre• est that there: ental? M.. added to r r
<br /> S t + enrh monthly-paymm-eLeat remgmred hemmnder kr under the; evfdenee.iif debt serurdd. hrsrehy• as amount estimated br' the Alortgagee t q
<br /> id
<br /> etc 4 ( ta.boesuffident to enable the Mortgages- to pa3 ass t
<br /> r � + t4 t y become, duce; a1L trim .asse�aients sand sjrmlar,chatge s • upon tLie prem 5
<br /># 5e a . tsesanblea .there. i anrdelidency ,bacacre of": the insufftcueneyi oti.suitt• additional , payments shall ha•�forthwith deposited fry the " aP ,
<br /> r t Moi ! ger setith the •Atortgagae -upon demand b the :?;to y parmittlinaliall ,be deeMext a rtefamltm a
<br /> ar, r ga y rfgaeee- 'An default under-this
<br /> f "x Payment of taxes sassessittentattor 'similar charges• required hereunder. it t
<br /> s. The "Mortgagor. agrees that there shall also he added . to each monthly payment of principal and inieresi required here-• 7 ;� '
<br /> k under ori amount estimated by;the ;Mortgagee to he sufficient to enable the .hfortgagm to. pay, as • it beauties - due, the insurance zc ' P
<br /> lo , � liremm
<br /> turon ' any, insutancepol'ecydeliveredto• the Mortgagee. Any deficiency because of the insuiEciency of such additional pay ,' tt: .T.
<br /> i '11".;/;??,,?} ' , merits shall be ferthwitli 'dejrosited ;by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this -
<br /> r 14 paragraph shall he, deemed: a 'defaultin the payment of insurart a premiums. if the policy or policies deposited are sttek:-as homer f
<br /> Ails{� , ..; owners xrr tidtnak policies and the,-:deposits are insufficient to pay: the entire . premium,- the ?Mortgagee may. �appiy tho _aeposit io ` a rft ...
<br /> • a
<br /> s tfie�,^t t\�}t yay premiums den risks require•d' to.:be iaser . y this mortgage. - r � x r t
<br /> }� ft, : '; • Payments;made'hy the-Mortgagor the above paragraphs may, at the option- of the , Mortgagee, be- held by it and • 3 h;
<br /> y t 1 to nuninglec with other such funds. or its own funds for the payment of such items, and until so applied, such payments are hereby.t r i
<br /> tiTiAtigtlgti m pleiiged-as security. for the unpaid - balance of the . mortgage indebtedness r
<br /> �r r £
<br /> j asst' 4 TO :procure, deliver to,• and maintain for the benefit of cite Mortgagee during the life of this mortgage originaLpolicies anti -: ( ; ,`
<br /> 411;t1,24;174.1!<5 ri xtenewals thereof, rdefivered at least ten days before the 'expiration of any such policies, insuring against .fire: and other insurable ' ..: °ren
<br />, ,k-44 x harmds :casualties: and continpenciis as: the ;Mortgageie may require, in an amount equal to the indebtedness :secured• by this . t a '
<br /> ,P i�r Mortgage,Mid in companies acceptable. to the:Mortgagee, with loss payable clause in favor of and.in form acceptable to Ute Mortga- . • K r sc .
<br /> 't' t {x :' Oa: In .the evont.nnypoliey is not renewed on er - before ten days of its expiration,the.Morigagee may procure insurance on the ' : t
<br /> xt�r y imutmtementa: pajThe premium therefor, and 'such sum shall became immediately due and payable, with interest at the rate. set _ fr
<br /> t en , forth in twit meta until paid and shall be secured by- this. mortgage; Failure on the part of the .Afortgagot to furnish euch:renewals
<br /> s{ .rpt as :ate .herein .regtiircd. or failure to pay any 'suras-advanced hereunder shall, :at • the option of the Mortgagee, constitute 'a default c hj ;$ILF
<br /> , e � ' under . the terms ofthis-mortgage. The delivery of such .policies shall; in. the event of default • constitute an assignmenF •of the un i " j! t s t _i:
<br /> ka12¢ ' eamed premtnfa. -. . 4 } t
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<br /> r t esti Any sums rattail by the Mortgagtr by reason of lass or damage ,insured against may retained by the :Mortgagee a '
<br />‘I, and applied towm
<br /> towards the' payent of the debt hereby . Secured, or, at the option of the Mortgagee; .such sums either wholly or in l: ,-
<br />• •b t1 part may be : paid over to the Mortgagor to be used to repair such buildings or to build new buildings in , their place or for any
<br /> 3 other purpose .or :object satisfactory to the Mortgagee without affectingthe lien on the more
<br /> bybefore such place.
<br /> gage for tbefulliimauntsecured here.
<br /> t payment ever took
<br /> r`" s To promptly repair, restore or rebuild any buildings or improvements now or hereafter on the premises which may be
<br /> 4 r a come damaged ordatroyed ; to keep said premises - in good condition and repair and free from any mechanic's lien or other lien or • u
<br /> claim of lien not expressly subordinated to the lien hereof: not to suffer or permit any unlawful use of or my nuisance . to- exist on
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<br /> v - said property nor to: permit waste on said premises, nor to do anyother, act whereby the property hereby conveyed shall beerome ,t , is
<br /> Its} Y y. fess valuable: nor . to-diminish or impair its value by any act or omission to act; to complywith all requirements of .law with respect -.
<br /> uy ,to the Mortgaged Premises and the use thereof. . .' .
<br /> e .1.47:1:1;:7:?:: That should the premises or any part thereof be taken or damaged by reason of any public improvement or condemnation
<br /> - proceeding; or under the right . of eminent domain; or in any othermanner, the Mortgagee shall be entitled :to all compensations
<br /> c,s t - awards, and. any other payment or relief therefor, and shall be entitled, at its option, . to commence. . appear in and' prosecute.. in. its-: . n.
<br /> 414:s s own name any action or proceeding, or to make : any compromise or settlement in connection with such taking or damage:-All such l
<br /> tr compensation;; a wards; :damages, right of action and proceeds are . hereby assigned to the Mortgagee, who may, after deducting t
<br /> it ; a . therefrom all. ata expenses, release any mmoeya-so received by it or apply the same on any indebtedness secured hereby, The Mott-
<br /> � 1 ', gagor agiecs.to eteeatesuch - fntther assigntnents of any compensation, awards, damages. and rights of action and proceeds as the
<br />•tri Mortgagee may require .T ' .
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<br /> ' That in rs.se of;failure. to perform any of the covenants herein. the Mortgagee may do on the Mortgagor's behalf everything .
<br /> . •y t. = ' so covenanted: that the: Mortgagee may.also do any act it may deem necessary to protect the lien. thereof; that the ' Mortgagor will : r
<br /> INT pari, repay unim. demnamd any, moneys paid ar.disbursedby- the Mortgagee for any-of theabove purposes,and such rinoneystogether with
<br /> tR r.rrmt ; interest thereon. at the trite provided in said note sdiall become so much additional - indebtedtmess : hereby secured and ::rnay be in-
<br /> t' ate{' tkk ;, eluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said premises . if riot otherwise ,
<br />' 4 Si t z, paid; that it shall? not. be obligatory upon the Mortgagee .torinquire into the validity- of - any lien, encumbrances,: or claita in ad
<br /> venting moneys as above authorized but nothing herein contained shall be construed as requiring die Mortgagee to .advanceany,
<br /> t34. 2.)zmoneys far anysach purpose nor to do any act hereunder, and that Mortgagee shall not incur anca
<br /> y personal liability bemuse of any- it
<br /> ` thing it may: do or. omit to do hereunder.
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<br /> t In the event of the default by Mo
<br /> �,i3 *� ` - ttgagor in thopaytnentof any installment. as required by- the Note :secured hereby, or i � tt
<br /> '?. y tt,ser in the performanaroLtheobligation mthis mortgage or in the note secured thereby, the Mortgagee shall be entitled to declare the ;, �.+
<br /> , de$bseouredimet rdgeand. payablewrithamtnosee, theMortgageeshallbeentiUed,atitsoption; without notice. eitherbyitself, , '. }7. -.
<br /> 3 r, or. by iizeeihrerto be appointed by:the cairtthereof and without 'regard to the adequacy of any stcurity'.fnr the indebtedness se- r" e 4Y '� 7
<br />:,,i1:11-02;a :`it cured !hereby bta•+enlerittpwt aad�fake pa ion. of the:rnarigaged:premises, and to collect and receive the rents' issues and profits • t£ � a -.
<br /> theseot� atal-npfCly the-same; less' epsts of operation end collection, .upon . the:indebtedness : secured by this: mortgage; said rents, . : . t L io eta r ;
<br /> ,tzstic .: jssttes.anctpr.ogii lmetng•Lierebyassigned to the Mortgagee as further.security for the payment of all. indebtedness secured hereby i; ,it�7 i,
<br /> x ! all The: Mo powerappoint Y g agents .itmay P rposeof repairing said prem- " xd-
<br /> mg rtgageesball havethe W a iietan agent drdesire for the : u i"
<br /> ro .ti fees; renting the same; collectirig . tbe rents,: revenues and income, and it may pay .out of said income all expenses incurred in rent- !
<br /> rt Ing and managing the name and of collecting the . rentals therefrom. The balance remaining. if any, shall be applied toward the F'l
<br /> ?:ek y discharge of •.the mortgage Indebtedness. This msignment is to terminate and become null and void upon release of this mortgage
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