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ss • .., I w 76. 00146 TUE MORTGAGOR ... FURTHER . COVENANTS t t , i • That ; the Mortgagor will :Pay the indebtedness?. as • hereinbefore ' provided. That the Mortgagor is the 'Owner of said property in fee simple and has good right and lawful authority to sell and convey the same and that the acme la free and clear of any lien or ; encumbrance ; and that Mortgagor will warrant. and defend the title to said premises against the claims et aq, pentane. whominiever. s To pay immediately whemdue and " payable alhgenernt taxes, special taxes, special assessments, water charges, sewer sere• ice charges, and olhertaxes and charges against said property , and all taxes levied on the debt secured hereby. and to furnish the Mortgagee, u{wn request, with the original it duplicate mcrijds therefor. ' Thr Mortgagor agrees that there shall be added to each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee to be sufficient to enable the .l;�nrtgagee; . to pay, as they lxeanne due, all taxes, assessments, and similarcharges upnn . the . prenn • ises subjecttherelo; tiny deficiencytoie3use of the. insufficiency of suchadditional payments shall he forthwith deposited by the' Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall he deemed a defaultin payment of taxes; assessments, or similar charges required hereunder. The Mortgagor agrees .that there shall , also j,e added to each monthly payment of principal and interest. required here- . • under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay , as it becomes cine; the insurance premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional pay - ments shall he forthwith deposited by the Mortgagor with the Mortgagee upon <lemruul by the Mortgagee . Any default render this paragraph shall Ix! deemed a default in the payment of insurance premiums . . If the policy or policies deposited are such afi home - ' owners nr all risk policies. and the deposits are insufficient to pay the entire premium , the Morigagee may apply the deposit to pay premiums on risks required to he insured by this mortgage. - Payments made by the Mortgagor under the above paragraphs may , at the optiein of the Mortgagee, he held by it. and ' commingled with other such funds or its own funds for the payment of such items. and until so applied, such payments . are hereby pledged as security for the unpaid balance of the mortgage indebtedness To procure, deliver to , and maintain for the benefit of the Mortgagee during the hip ,,, I this mortgage original policies and renewals thereof, deliverer) at least ten days Issfore the expiration of any such pobcioc. insuring against bre and other insurable hazards, casualties, and contingencies ns the Mortgagee may squire, in an anount equal to the indebtedness secures by this Mortgage, and in companies acceptable to the Mortgagee . with Ems puyahlr clause in favor u( and m form ao•ceplahle fu the Adnrlga - gee. In the event any policy is not renewed on or More ten clays of its expiration . the Mortgagee may procure miairance on the ' improvements, pay the premium therefor, and such ::um shall become immediately due and payable with interestat the rate set forth in said note until paid and stall h' :secured by this mortgage Failure on the part of the Mortgagor to furnish such renewals as are herein required or failure to pay any sums advanced hereunder shall . at the option of the Mortgagee, constitute a default under the terms of this mortgage. The de•Irvery of such policies shall . in the ',sent of default , constitute an assignment of the um - earned premium. Any suras received I+y the Mortgagee by reason of Iirs er damage insured against may be retained by the Mortgagee ti r ' and applied toward the payment of the debt hereby c, rurrd . or . at the option of the Mortgagee , such sums either wholly or in :M, part may be paid over to the Mortgagor to be used to repair such Moldings or to build ' now buildings in their place or for any other purpose or object satisfactory to the Mortgagee without affecting the hen on the mortgage for the full amount secured here- . f by before such payment ever took place. j : To promptly repair, restore or rebuild any holdings or improvements now or hereafter on the premises which may Ix' . ''' come damaged or destroyed : an keep caid premises in e: 0011 ,nidi l nm .rod repair and tree from any mechanics lien or other lien or i . i claim of lien not expressly sulxrrdinated to the lien hereof , nil to sulfur or permit ,my" unlawful use of or any nuisance to exist on — said property nor to permit waste on said premises, nor to do any other act whereby the properly hereby conveyed shall Ix'come Vt less valuable, nor to diminish nr impair its value by any act or omission to actl to cornpdy with III ! requirements of law with respect I. to the mortgaged premises and the use thereof. That should the premises or any part thereof tv' taken or damaged by reason of :any public improvement or condemnation proceeding. or under the right of eminent domain . or in any other manner. the \hutgagee shall be entitled to all compensations, awards, and any other payment or relief therefor. and shall be entitled . at its option . to ry ,mnuur•e. appear in and prosecute in its own mune any action or proceeding , in te , make any compromise or srtdrnn'nl in connection with such laking or damage. All such �;� ' . compensation, awanls, damages, right of action and proceeds are hereby assigned to the Mortgagee, who may , atter deducting therefrom all its expenses. release any moneys so received by it or apply the same on any indebtedness secured hereby . The Mon . r" . . gagor agrees to execute such further assignments of any compensation, awards. damages, and rights of action aid proceeds as the ' , Mortgagee may require. ".acus . - - . .... .. ... . _. ,..,_,,.,.,:...,.. . . . .. . I I . • U . PliCrr xi. t.