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<br /> ���: �'�kE TFfE hfORTGACOR rURT11LR COVL:NANTS ANll AGREEBi
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<br /> �h� . 'Chut the Murtgagor will pay lhe indchtedness . es hereinbe(me provided. .
<br /> � t. That lhe. Mortgngor is the ciwner of snid prnperty in f�•c simple �ind hav gond right :md lawful ciuthority to sell and
<br /> : convey the �a�ne nnd that the sam� ie free i�nd cleur of mry lien or eqcumbrence ; i+ nd that Miirlgagor will warranl and defend the ;�
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<br /> title lo said premis��s agaiast lhe cloims o( all persons whnmsoever.
<br /> Tn pay immediately when� due nnd pnynUle up � genernf taxes, special luxex, specinl assessments, wat �•r chF� rges, s��wer srn�- � '
<br /> icr chnrgos, anrl other tnsea und c6argev agninst snid pmperty , tind ull laxrs levied nn tbi• drbl sernrrd hc•reLY . ;� nd L��, turnish Iha
<br /> btortgoge�e, upon reyueet. witb lhi� � originnl ur duplicnle recripts 6ieretur. '1'6e M1turtF;ngor ngreen lhnl LLere nhall bu . ndded 'fo �
<br /> enrh monthlY p�yment requiree Lexcuuder ur under ihe evidence uf debt secwed liereby an ame, � �� :stimalyd hy lhe A9orlgager
<br /> tn be s�tf!icienl tu ennble. the MorfKb�ee tu pay, ns they becume due, atl tnxes, ussessments, :+nd similnc chnrges upon the prettr �
<br /> ises subject therut� ; any de(icicncy Lerause o( � he insufficiency o [ such addifionnl paymer:L+ shall be (oNhwith deposifrd Hp ! hr
<br /> e Mortgngor ��'itli lhe Morlgt�gei� upun demand hy Lhe 17orlgagce. Any de(ault und��r lhis p,vagraph shnit br dr�•mrd a do(aull in
<br /> puyment of taxra, astiessmen� 4. nr simil�� r chnrges reqwmd iierrundrr.
<br /> 7'hc M��riRngor ❑�;fPCn thal thr. re � shnll alsu be nddE�d tn � r:ich mm� 161y P�D' me.nl uf principnl una irdrrrsl rryuircd }:err .
<br /> imder an arnount eslinmfuJ by l6c Alorfgal;ec tu bc suflicirnl In onablo lhr I�lurtgaGc�� to pny � .�s il becum�e dur. the insurancc
<br /> premium un any insuraticn policy delivured lo thr_ Mnrtgage�•. Any deficii•ncy I��eca �,se of the irisu (6ciimcy n( such edditional puy .
<br /> ments shnll be forlhwith depositnd by the Mur[gagor with thc A9ortgngce upun dnmand by thr Morlgagce. Any default under this
<br /> t�arugrnph shali he drrmi�d a d��(ault in lhe p:iym��nt of iusarencr premiums. If 3hr policy nr policirs deposit ���i . � rr� ,vurh � as iwrn�•-
<br /> ownen ur sll risk pulicies. and Lhi• deposits ivo insn .Ticii•nt lu p:iY Lh�• �.adir�• prrmium . the plorlgager mnc npply the d�• poxk in
<br /> s���� pay prt�miums on risk.c n�quirr•d l�� I�c insumd by thi.s mortg �i���. '
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<br /> Pa�ancnls madc by tht• blortgagnr undrr Uu abu��r paragraphs may . +ri tho uption n( tS�r Morfg:�gr<�, hr hrld hy il and
<br />� � . commingled wilh athi• r such (unds � r � ls nwn Luid. (ur Ihe pnymcmt o( such il ��ttie, and until so applied sur6 {s.� vm�� nls .im hrrrhp
<br /> � �' pl �Klged as s�•curity (or Uu� unp;ud bilunee uf ihe mnrigagF• indehledne5s.
<br /> 'I'n prurure, dclivrr to , nnd m�unlain (or Ih� brnrfit n( tLr Tfartga�ei� durir. _; . h�• li (e uf this mnrtga�;r uri4in;�l palirim : and
<br /> I: rt�newul, lher4o[. deli��ered :i � lrnst ten dayF be(um tlir cxpiration nf ;urv ;uch policies, iasunng ugainst firt• :� nd ufhi• r in.,uraLlr
<br /> haznrds, casualties, and confingenrics eie the Mnrtgngei� ma�� mryuire, in ❑n ��mount eqwil to the indeLtednesv secund by lhix
<br /> A�Lurtgni;e, nnd in cump;mirs iicr��ptal;le tn ih�• �1nr� F:� h�'� '. ���� ( h loss � �ay ;ibly dau�o in favur c ( und in funn acc��plahlr i �; the 91ort �a -
<br /> gee. In thr rvenL anY pnlicy iv nut rrnr�w>�! un ut bu (urr lcn dnc.¢ of iL, �� � ;: i : :Vinn . tf �c AlorltfaFer muy prucure• insur� nre un thr
<br /> imPrweme :tts . Paq l6r pc��rniur.i l6�•rrfor. .�nd vuch sum ; Lall L��a>me imm��dirrtrlp dw � and pay�able �cith in ( �vvst at Uie ratr srt =
<br /> (urth in sz�id note until paid nnd .vlu�ll b�• �:��currd b �' Ihis murtgngo . P:.ifure un the purt o! lh�� hforlgagur lu (utnish aucli t �� m��rnls . .
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<br /> as arr hrrvin r�r�uirrd or (ailure tu pny :wy �ums u; lwmrrd h�� rrundi� r �:hall . :ft th� r, Ption u( thc �lurlgage�e. cuns6lute a defnult
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<br /> imder the terms u( ihix murlgage. 'l� l�r d� �livrrl' � d such p� �lirir, ;hnll . i ❑ the rvenl uf d ��fault . constitut�• ��n assignmi�nt „( thr um
<br /> earnini prrmium.
<br /> AnV sums [r��rired bv tho Alurtgagrr L�� r��;+vun uf luas ur damaqe incurod against may be relaiuc+ l bp lhr AInrtK �Rec
<br /> b and upplird tuw�urd the � mytnen! u( thi• drbt hrri�bv s� �cumd . ar. nt tho nptiun uf lhc �lorlgagee . such sums a� ilh��t whully o[ in
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<br /> ptirt mny 6e puid rn��• r fa thr A7 �� r� „;i�nr ln IH� u �e� i ! � , rrp:ur .uch b�. � i �dinFc ��r tu liuild � nr�v imildin �;s in � h�= ir ��1acr �, r f� � r an��
<br /> �. �� ulher Purpos�• ur ohjecl .criis(actury In th�• Mnrlg :�pr�• ���iliu � ut ;� (fre•tin � tho li �� n � � n th�• mnrtga �;e 1nr ih�� (ull mm�unt :a�curr4 hem .
<br /> by be(ure such paVmenl ever l � x�k place .
<br /> Tu prumptly repnir, resturr ur reh� ild any Luildin �; s � ir imptu��ernrnte now ur hiveaR�• r on the pmmis��s which ma�' he �
<br /> ceme d�maCed or drstruyi�l : to kc-eP said prt•misrs iu ga,J n � ndilion and reP�+ ir and ( rre frum any merhanic's lien or nther lien or
<br /> clnitn u[ lion nnl �•xpr�� s,'ry suburdinalyd tu Ih�� lii• n hiv��uf : nut tn suffer ur p�� nrul :ur; unlaa�(� I use u( ur any nuisunce to �• sist on
<br /> said Properly no� tu perrnit H�aste uu said pr���nisas. m, r t , �� du :�ny othrr :�rt �ah • � r^bc th•, t ����prrfy hrrrLy cmrra ��ed :hall fx�come
<br /> r`i Irss valunble. nor lu diminish or imi » ir its valur hy any n�' t nr umi ,;iun to :icl � tn ��amplp ��� ith � ! t re•quimments nf I :ne �ri � h ri�spect
<br /> tn lhe mortgaged pr<vnisrs and the use ihercuf.
<br /> 'I�hat s}iould the ��rcu� i ;es ur aup parl t6cm��f Ir� t ;ik�� u ur J :im,iced hy rrasun uf :inq publio impr��vecnrnt or cundemnati<�n
<br /> proccedin;;. ur uuder thu right uf emin�,nt durnain . � � r in any uthtr m» nn_. r. lhr 1t�, rtga;;ee shsill Lo vntf � led in all rump�• nsntiuns,
<br /> awards. and any ulher payment ur rrlir( th�� n� for. and sliiill br rntillud. zt its nptiun . to enmmencr. . nppcar in and pr�necule in it
<br /> E- own n2ine any actiun ur pruc��eding . � � r lo maka .tny rutnpromise ur scrttlomeut in cunn��c: inn v:ith wr. h lakinF or damaqe. All such �
<br /> comP�nsution . nwardv . dnmages, righl u( action :inri prucr�yls aro her�•b�• :!s: ignrd to Ihe 11ortga�;ee, who n:ay. aller deducting .
<br /> lheml �um all iLti expensea. relense any moneys so r��ceivrd by il ur apply the same on nn}' indeblydne+s srcured hereLy. 7'he �1ort �
<br /> gago� ngmes lu execute such furthrr nssi �;nments nf nny cmnpi� nvntiun . r� �.�ards, damagi�s. nnd ri �; lilti u[ actinn ond �� roceeJs as the .
<br /> htortgngew may require. � . ',
<br /> Thut in casi• u[ failurr lu pvrfurm nny n( lhi� rov�• nauts hvr�• in. ihe �lurtgngei� may do r.rn Ihr Alortgaknr's beh�d [ ec�• r�� fhinp . .
<br /> su covennnted : IhnE the A1ortgagre may al ,o Ju any act it tnay deom nea�ssury lu protoct ihr lirn Ihereof: lhat the� 9lortga�ur w�ill
<br /> repny upon demand any mur.cps puid or di,cburs�d 6y thr 11ort � aCrc for any af lhr aha�r purpini•s, and wch moneys tngetlicr wilh
<br /> intere.;t thereron i�t the ratc• provided in s:+ id nole sh�tll becnmr sn much :uldilional indrLtrJnees hereby ,ecured nnd mfiy M� in -
<br />� eludcKl in xny decree foreclosing this mcrt�a{;e :md be paiei i�ut u ( Ihr renLc or prnceeds uf sdi• nf :aid premises if rod uthen+'ise
<br /> paid: tliat it shnll not be obliFatory upun lh�� �1 ��rtgngrr tu inyuim mtu lh�� va: idity o( any licn. �vicumbranc��r . ur daim in ad �
<br /> vancinK moneys us abuve authorized, but nuthing herein conl :ltned s}� �II VNx cunstrued as nr�uiring the �tortg �igee lu advance any
<br /> moneys tor uny such purpose nor fo do any act hereunder; and lhnt �1ortga�;ee sh:ill nnt incur anr� persun� l IiaLilily Lrcau�r nt nny -
<br /> thing it may do or omil to du hereunder.
<br /> In lhe event U� IIIP fIl' �LUI � IIV �� U[ �gB�Ot in ihe paynu•nt af nny installment . as require<t by thr Nnte srcured hcreby . or
<br /> in lhe performnncr uf Ihe obligalion in this morlgag�• or iu thr nute s�rured thereLy. the Alurlgagee shalf 6r rntilled fo declam the
<br /> debt securcd hereby due and p�yable without nulicr , and lhi� Rlnrlgagee shall be �•ntiUed nt its option, without notice, either hy iLsell
<br /> #: � or by n teceiaer to l:e appointcYl Ly tln• court thera�(, and �sithuut regnrd ln tl�e ndc� uacy nf nny seeurity (ur lhe indebledn�sc s�� -
<br /> cured hereby, lo enter upnn �ind t�ike pos§r.ssion � of the � murtgaged premises, nnd tn collecl rmd receivr thr rrnts, issues and profits
<br /> thereol, und apply the same, .ltss covls o ( operaliun and colle!•linn , u �x�n � he indebtrdnetis securnd hy this morttiage : snid renis,
<br /> � � iasues ond pr� L9 txing hereby +is�ignev'. lu thv M1� urlFagrr ns fur� her �� rurih• fnr the parmont uf all indrbfrdnrss sir� urrd hemhy.
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<br /> 7'h�� :�torlgagee siudl hnve Lhe powar to appoint ;my agent ur ngents it may desi «r for the purpose of n•pairing said prere �
<br /> ises; renlmg lhe same ; cullecling the renLs, revrnoe�a and inrome , and it muy pay nu [ of said incumr nll �•xp��nsr•s inn� rred in renL
<br />� '� ing und mannging the snme nnd ot cr.11i�clin� ihe rrntals thcrrtrom: The br.lance remaining , if any. shall b, applied toward thr �
<br /> = dischorge o! the mortgage indebtednexs. This assignmenl is tn irrminate and becumr null and void u �xin relrs �:�� of this morlFage.
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