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<br /> : � 76' nr11. t� � � . , _ � .
<br /> { 7F115 MORTfiAtiE I6 `AL50 �70 6E ' AND CONTINUE TO BB, : FROM TIME TO TIME; 5ECURITY FOR 7HE PAYMHNT ' OF SUCH �,
<br /> � � SUM OR SUMS OP MONEY A8 THE'. MOHTOAtlEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO 7HE MORTGAdOR, AND ' `
<br /> � � ` EVIDENCED BY A; SUPPLEMENTAL NOTE; OR NOTE5, BUT ,7HE707AL INDEBTED,NESS SECURE� ' BY THIS' M4R7GAQE SHALL ; NOT
<br />�°. FJfCEED ONE HUNDRED TWENT! (120) . PER CENT OP ,THE AMOUNY NOW OWINO, ' EXCEPT FOR ANY ADVANCES THAT MAY 6E MADE ' ,
<br />,S' 70 PROTECT THE -SECURITY IN ACCORDANCE -, WItH 7HE TERMS OF THIS MORTGAGE. �
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<br />> 7'HE ' � MORTdAG012 ' FURTIi�R . COVENAN'I'8 1ND Af3R��8: ` ' �
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<br /> Tt�nt tlio Murtqngor will rypy tha in�ebt�diienn aa heccinlx+(are prcrvided. � ktf .
<br />� Thul , U�o Murtgugar is the, uwnur, of euicl- properly.: in. fee ritttple +and hua . kocKl righL and I�wtCd nuthorlty to xril nnd 1 , ��.
<br />��' convey thu enma nnd; that the sume is 'Iree; and cloer of uny llen or encumGrance; nnd Uud Mort�;ngor will werrnnt nnd deCand �tlw � , �k �,
<br /> t� tltlii !o, tuild prumient� a�iiinat ,lhu cluima, ut ull peruo�u� whumeouver. � ,
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<br />,u ' '['o pEiy immetliatrly whef� due und �>ayeble ;nll gennrel. laxes, apucinl (+�xee, epecinl usseeamentn, wxler c;hivgeK, sewer aerw � ; i r , i 4 r r �
<br />��k �� Ic� chnrgey, nrid otfier Lnxes anil chargea , pgninst ewicl praperty; ,and Ull taxie levii�d an the rleb4 securecLheroby, and ;to fumiah :fha ! ny�
<br />�,- ; , Mott�ugeo, upou tiquuat, with tho. priginnl nr dujilicnte recei��lx llieri•fiir '1'he, Mortgn�;nr , agreea lhut thcre vhall be addcd to , +:
<br />� r " ' each montlily pnymenL required hen3w�dnr or un�ec tlie avidence of 'dcl>k securcd }n;rehy nn umounL ealimated liv ` fhfr :Norlgu�ra � � ��
<br />�' to be xuificir.nt to enuUle lhe , Mork�;ntiee' to pny, ns thny bectimc due, ull taxra, uesr_ax�acnte. nnd aimilur; c6ntK�w u�iatt the prem• f t
<br /> p� � ises aubjeet thercto;- nny rlefidiency hec'uuse of lhe Ineulliciency . o [ xuch nddiliunnl ' ppYinenLa ehnil be forlli+vith depueited b,v the s�t;
<br /> f?„ Mortga�,wr with t.hc' Morlgagce upon demund , . by' the Marlga�;cc. Any de(nuiL undur fhiH purul:rnpli elinll h�� dccined n defnult iu � s '; � ' 9
<br />$f!^ ' pnymnnt bt lnxen. w�.vexvmenix, - nr NiI171IH[ CNllI�I!4 requirnd � hercundec. � � . . . � , � � �
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<br /> s.� , 'Che Mvrlqngor agrees LLnt there shnll niso be ud8ed to e.+ch � monthlY payment of �principal � iind inlereal< rcquirnd hure• � � � ` , � y;
<br /> 7�°e �� w�der nn �umount�. edlitnuted b,y� the M�irlgnqeu to be � sufficienl to �ennble tLe Murtgngee lo � pny. ax il hecomre duc�„ the inaurnnco � �
<br />�,,� �� �iremium� bn any� in4urance �jioliey drlive.re�l� to the � Mortgagee. Any delicicnc,v becu��ge of � lhe ' insuffir.ieitcy iif such �1ddi (ionol puy � � �'
<br /> s�,, ments ehall bu farthwilh ciep�r.sitrd by lhe Murlgngor with thr. Mortgagce «pon dem+md by thr. Mori�:ugen. Any defuulG under this ! � � ; t � i
<br /> a%� '- puragraph ahull be �ecmed a defdulC. irr tl�e �mymen4 of insurnnce premiumv. I ( the policy or pulicies depositrd tuc such na homr• + � t
<br />'�' ��- owners �. ar ¢II riwk . 4wlicies, nnd the de��osils . �ire ineullicient � to . puy the ��� entire premium, .. iha� Mortgtii;ce muy up(Ay �. lhe rleposit to ':. � � '�' �� ��..
<br />�'t pny premiums on riske rrquired to be i��surecl by this mortgege. . ' _ '� y
<br />� Pnyments inndc by. the Mortgag6r under thc nbovc )�urugrnphy aney, nt the aption ot the Murtgug��c, be held by it am�l i tir�:
<br /> a� , commingled with olher sueh [w�ds nr ile own funds [or the pnyment of such ilemg, nnd until sn 7�pplind,; sueh nn,ymi+nts nre hecehy { ; 1} '
<br />�,Y pltvltiud ti.4 security [or fhe unpaid balunce o[ lhr. morlgnge indebtt�dneqs. � �,
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<br /> 4j � To prvbure. duliver ta; and maintuin.Ior tbe benefit o[ thr. Morlgagec cluriny th�e li(e of thiv m�irtgnge t�ri��nnl H��licies and r t ; + '
<br />� renewals thereuf, delivured nt least ten cinys befure thu cxpirntion oF any such j>oli�ics, ID9LL[ltl}; F1�lltl19L I1PL' F771(I q�I1C( insutiiFrle x i
<br />� � hnznrda, cneuulties, -nnd contingencies ns, the Moctgngcc mny require; in an nmount equul io the mdebt�dne9s NCC4�Ct� I)V LI719 �
<br />�+' Mortgnge; nnd in compeniea ncceptnble lo lhe Mortqugee, w3lh loav pgyable cleuye in fnvor nf und ui fnrm nccepl�ble 10 Ih� 11�trlgu• ' ` � + � � �
<br />�, . ' , " gee. In -. fhe event � eny pnlicy� iy not renewe<1 on ,pr� UeCnrn . len �_dnya of ils : exp� mG�in, the Mu�fgaget� rnny� .procure; msurnnrn on�. the � ^ � ';
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<br />��1 improvementa, pay the premiuin thereCoi, nnd xuch sum ghall ISewmc immedintelv due end pnquble with int�� rest :at the rntr. set : r r �E i�Y
<br /> forth in snid note until pnid And shall I�c secured by thie murtgnge. railuro on tGc part of the Mortgu���r to IUCOIV�� yUCII CC'il!'N'flI4 4 i '; � ' f
<br />�" ` na ara hen+in re�uired ur tnilu 're io poy 'any sums �dvencedJ�ereunder sliall , at ihe ; oplion ot -the Mortgn�,ce, ci�nstiUtte u delat�lt ` �
<br /> i '� undar the fermY of this mortgage. ThF delivery ��[ such policies shnll, in � the event � bf SlefnulL, constitide ; An nvvi�nmi�nt of thr :un -. i �
<br /> R � ' eurn��1 premium. � , '
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<br /> �v1n,y sumu .: reccived � by the Murl�;egce 6y renson. :o[ loes or dam:�ge insured ugninst. may be � reliined M•.� the � ti(ortgeFCu � s �
<br /> r ' ' and upplied tuH�urd the paymr,nt u[ tlie rlebt heieUy s�xumd, or, at tGe opti�n af the Alortga�,ee, such cuma either wholly cir m 1 ' ✓
<br />� �� � pxrt may be paid '� over lu the �- A4ortgagor. tli tx . uNecl lo �repair .sucfi buildinqs . or � to. build ? new butidinga .: in tl�cir � �ilure oc ion' �uny -
<br /> 4� ofher purpusa or ol�ject sntis[aqlor,v to lhe M<Srlg�eqee without nRer.ting the lien o�rthc mortqage (or tlie full amountsrcured li� rn- � �
<br />{i � � �: by br,fore; such paymr.nt ever tcwk � pliice. . . . � . . . . . , . : �. ( t` �
<br /> 1' ;� 'Co promptly repnir,� . reslure or rebuild any buildintis or imprirvemenL� nuw orhereafle� on the premises �which may fie- � � i �
<br /> i � come dmm�ged o[ �eslroyed ; to keep said ��remises in gcwd condition nud repair nnd (rec from emy mechamcs lir�n or olher lien or n �
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<br /> � � claitn. of liem�not expressly subor�linnled lo Uie. �lien hcreot; not Lo � Kulicr, or permit � uny unlnwful use o[ or nny nuisUncc � ta � ozist on � f �� ' t
<br />� ' : . snid propert.y nor ' to permibwaste un � aaid .�premiaes.. uor � to do � anp � oiher . acL whereby .Lhe � property hereb,y cirnveyed sholi : becume � � t j
<br /> s :'� less valuuble, nor to diminish or impuir its vnlue by tmy s�ct or omission to uct> to cnmply H•itli nil requirnmenls o( Jaw wifh resprct � i { �`
<br />� ,> � � lu tho mortgaged :��remises anil Lhe use ihereoL : . � � �. . � . . . �. . . � . � .
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<br /> S t.y � � 7'hnt shoul<I the premiaes � or nny purt thereo[ be teken or drimuged by retLson oF nny � public im�xuvement- or rontlemnation �
<br />� d proce��cling, or tmder lhe right` o[ eminent domain, . ur in nn}• other mnnher, the Mortgagr.e sliall be enlitl��d to all compensatiuns,
<br /> i-�>' � � � mwnrds �, and nny �.other payment or .relief therefvr, and shull bc enlitled, uL i4s uplicm. � to commence, tippeur . in - and prosccute: in its � � �
<br /> t <; - � own nume miy .: ect.ion ur r� roceedin�:, or to make any cumpromi�e � or � sr:ltlement in connection wilh euch � takinK br damnga Alf �.such � ;
<br /> � Cdflt(1Ctltidti011, HWAF(�9� f�RfllflRP3, PI�;IIt tl� FIL't10f1 and prqceecls � nre � hereby SISSIgI1P[� fo the ��4ortgaRee;. who may, afler deducting
<br />�,' � thetetrom all ikv expenses, reliNse uny moncya yo recei0ecl bp it or apply {he snmir on ony inclebtednesa sr.Yured herebv Thr ;�$urt-
<br /> i `� � �ngor -agrees to ezeeuto ��sucli further �avignmenLv �of nny . c�mpcns.divn. awarda, �damap[�s, � mid � riR��Ls hf action and � �prorrrds au lhe � �
<br />� � �, hinrtguRee-. maY� require. � . � � � .
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<br />�� : � Thut in cuse ot (uih�re to perform niiy o[ tt�e covenunLy hrrcin; the Morlgngee may do on thr, Morl�agor's Uehnl[ cverything
<br /> so covennnted; thfit the Martgugee may �Iso clo uny uct if. rriny deem necessury tn pmtecb tha li�n lherenf; that thc Martg�aqtir will _
<br />� ; repny?upoq demend any mone,r•e Paid or dtshursed bY tfie MortKoSeaicir n»y o[ the f�buve purpnsea, ond such mnneys fogetherwitl� ;
<br />�;; ' interest ihereort: nt the rnte ptuvirted in snid ` note ahnl( beG�me so much r�ddilionnl indrhtedness hetcb�� ue�cured nnd muy be in•
<br />�'� ';� cluded -ih any dectee foreclt�sing thiR mortgage and be paid ou6 0 ( the renLv or procr.eds of sute of said premises i[ uqt othenviar.
<br />� � ' pnid; th¢t it ahall > not be obligutory upon fhe MbrlFngee t� inquirF iid�i the' valirlity of nm� licn, eucumbrances; or claim an nd•
<br />°k � - vancinK - m�neya as- above huthorized, � buCnothing >Hercin � contuinetl shall M� construed ns requiring the Morttiagee � tu advnnce � nnY . .
<br />° -� moneys for eny sueh putpose nor to du nny nct h�. mundi�r, anil 11ml � Mortgn�;E+e. sliell nut incur any �perxonnl linbilily � becniise of� any ,
<br /> think it mav do �ir nmit to cicr heceundec '
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<br /> p , In thu evenk uf Uie �cfault Uy A•i�rtgngor . in the puyment of nny instailmenl, ns reryuired hy th� Noie secured 6ereby, or
<br />� k ��� in the per[ormerice-.of tho obliqation in � this moitgage nr in the note �:ecured thereby, lhe Mort�n�;ec shall be entitled to declare the �� �
<br />� deht secured�hereby due nnd paynSle without nalice, and the Mortgagne ahulf be entitlecl at its nplion, withuut notice, either hg ifxlf ' > �.Nv �,.
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<br /> F�, � or�by. n ;recerver, to 6e appointed � by thecourt thereot, end without regard to the adequecy of nuy aecurity tor ihe indelitednese se• o;;- � ����x ,
<br />�z � � .' eured hereUy td etiter upon gnd' taJce possession 'of tlie mo�tgaqed ��remives. nnd to collectnnd rnceive the rents, i§sues and profils 5 � ': � �� r ;
<br /> ` thereof end apply;,,the stune,-less cosfs.ot• operntion nnd c.nllertion, ution the indebtedness secured By this mortGnge; st�id renkc, s4 �;;
<br />�+' � ��sues gnd �irofitn being hereby aysigned to thu Mortgagee as fu�lher aedurily for tlie pnyment aG nll indehtedn<:s.c securert heruhy: } '
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<br /> ' X � 1'he tvtortgagee shall :hnve the P���'er to appoint Fmy agent or agenLs it muy desire {or ihe Putpos�� o( repairing uiid prem• r i '
<br /> S ' ises; runting the satne; colleetinq the ren4v, mvenues and income, etnd il may pa,y out uf nnid income all expenses incurr�Yl in rent- � 4 kka `
<br />*�+ '� ' ing an�l monaging ; the same and of collectin� the reninls ihere[rom: Thie Gnlance remaining, i[ nny. shnll br upplied tbwnrd the � gi � .
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<br /> dixchnrge of the mortgnKe � �ndebMdnese: This essignment ie �to ir.�minnte end lxrcbme�nul ! niid void upmi mlense o( this mnrtgnge. � � ��-H .
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