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<br /> 7b� ��2367
<br /> f MORIIGAGOR FURTFIER COVLNANTS AND, AGREG�:yCr .',`�
<br /> 7'hat lhe Mortgngor, will ��ny .the indebtednes-v � as heminlx(ore provided. . . . . . . . . . .
<br /> Thut thr. Mortgnqor. ie the � owncr of sxiJ property in tce simple ancl hnx Koocl right und lawfut aulhority tn zell nnd
<br /> convey thr. same� and :t6at lhe sume �ie� ircu�xnd clear at nny li:rn or. encumbrnnce; and ttiat -� MoAgngor will warrant :md defrnd lhe ; " � .� . �
<br /> title lo snid � premises - eqninst the claima of all �,� perenrui whomsoever. . ' � � �. �
<br /> ' � To pey � IMmedintely when _�lue and puynble. all 'qencral tuXes, speciul lnxes, specinl nssrasmrnts, water chargeF, � si�wer serv- � � � � � � �
<br /> . ice charg�re, and other taxea and chnrges against suid properly, nnd all l�xes levied on ihr debt srrured hemby, and lo furnish the �
<br /> � Mortgagee, uPon •request, wilh-thc �oriqinnl ur�. duplieate� receipts � Uierifor., The Murt[;ogbr rig�ei�s�� th9t lhcre shnll 6m udded' tn � ' � � �
<br /> � each monlhly pnyment mquired hereunder or undrr the evidunce uf debt srcured hereby nn ;immml �stimulrrl hy lhe Mortgugee �
<br /> Lo be xuRcientto� enuble. the � Murtgugee to pay, us they become due, all tnxus, ti-vsessmenls, nnd similar chargcs upon � lhe �.prem•
<br /> � i!us suGject thereto; any �deficiency �becauwe of lhe i�inufliciency uf such a8diliunal po>'men�s shall be forthwitli dep�nited by lhr . . :
<br /> " Mortgngo[ with lhe hfortgagee upun demnnd by the Mortgagen. Any drGnill wid�•r this pnr:itir:�ph nhidl be drrmrd a drfaull in �
<br /> paytnent of lases, nasc:ksments, ar simil+ir chiarges mquired hereunder. .
<br /> � 'Phe Morlgagor agrees lhut lhere ahull nlso be addrd lo rach munthly payment n( principul and inter��st reyuir[+d . here- . .
<br /> undrr an nmuunt eslim:ded by lhe Morlgagee lo be suf(icient to enuble Ihe Morlgngrr lu ��uy, ns it becomrs due, lhe insurance � � �
<br /> pmmium un any insurence policy dclivered to lhe Mortgagee. Any deficiea�cy brcause nf lhr in.tiu(Iiciency o( such additinnal p:�Y'
<br /> � ments shali br forthwith deposiled by thr Murlgngor wilh the blortF;agee u�nm demnnd hy the Mortgagec. Any drfa�dl under this .
<br /> � parvgn�ph nhxll I� dremed n detaull in the payment of insuronce � premiums. If Lh<• polii�v nr puliriec deposile•d :ve sUch� 95 Iriime-
<br /> ownen or nll risk pnlicii•s, :md the deposit+ are ii�euRcient Lo pay Lhi• �•ntim premiurn , the Morfgagen may apply lho d��posit to
<br /> pay pmmiums on riskn reyuired to b�� insured bp ihis rnnrtgage. + � . �
<br /> �' . Pflymeniti madc hy � he blortA��or undcr thr above pairagraphs mny. al Ihe nption uf thr \iorlgagee, Le held by il and .
<br /> � cnmmingled with other such funds or ilx own tunds for Ihe payment of such ilrms. and unlil sn applicd, such paymrnts �rc h��mby � .
<br /> pliYlged as +rcurity tor the unpaid Iralanee ni Ihe murtRage indrbtedness. �
<br /> � Tn prncure, deliver to. and nmintnin for Uie b�•mdi[ o( lhe Mnrtg�gee durinl; lhr li(e u( thia morlgage nriginal P��licirs and � .
<br /> renewals thereu[. deliverrd al Ie:�sl trn days before th�• espira(iun uf any such polici�,, insurin�; :sgainsl tire and uther insurnble
<br /> � haz+trds, casunitiea, nnd contingeeicic-+ as the MortgeFee muy reyuire, in nn nmount equnl to the indebtednei+s secutcd by this �
<br /> Dlortgage, and in eom�raniea aceapla!�le to lhe MurtgaK��r. with lons P;�y��bl� �I:msw in (avnr uC and in tnrm arceplablr to lhr Murlga� �
<br /> ,..., . gce In lhe event anY P��licy is nut rrnra�ed un nr b�dore trn d:iys nf its rspiratiun. Ih�• hlntlgnge�� tnuY procure insurancr nn tLr � .
<br /> improvemenls, pay lhi• premium N�rrvtur. and surh sum shnll bec:>mr immediatelY dui• :�nd pFrytfLlu wi�h interesl nl tl�e rat:� set �
<br /> (orth in sai<1 nole unlil p�aid ;md vh�dl Ix• x��currd hy Ihi, murlgage. F.iiluru on lhr port vf ihr �lnrtgagor tu furnish such renew�ak -
<br /> � as nre herein r�quired ur failure tu pay �u�y +ums advnncod hereundrr shall, at thr oplion of the Nlurttiagra, cnnstitutr_ a dr•laull
<br /> under lhc lernts of lhis rnurlgagr. 'Chr di•livery u( sueh pulicier sL:ill. in lhr vvr��t u( d��(atJt, eunstilule an +issignmrnl nf ihe un. .
<br /> � earncd premium.
<br /> . Any sums recein�d by lhe �1��rlqager. by resieon o[ lutis ur damuge insured against may be rclainrd by th�� !�furtgagee
<br /> and npplied toward Ihe p:ayme•nt uf thr debt hrreby s�-rured . ur. at dir ��ption uf thr Siorlgagce. such sums ��iUier whollV ur in � �
<br /> pnrt may bc pt�id over tu lhr ldurlgagor tu {x� u<r�d to rrpair such buildin�;� or t�� build ' ni�w buildings in IL��ir plarv or fnr any
<br /> `� � other purpose or object satis[nctury lu Ihr �7urlgagce withnut :dT��ctinR the lien un lhi� mnrtgage for lhe full nmount s�•cured here- .
<br /> � by bcfore such paymant uvur la�k pince . .
<br /> �� . 'Cu prumpt(y repair. ruslme ur rebuild any builuings nr imprucernrnts now ur hrn•aRer on lhe pn•mises which may �•- .
<br /> come damaged ur deslroycYl ; to ke��p said premi���s in gaid conditiun nnd reP:�ir und Gec from any mechanic's lirn or uther lirn or
<br /> claim o( lien not ezpresvly sulwrdinated to lhe lien herco(: nuf ln su(ier ar permil :�ny w�lawful use u( or vny nuisanc�• lo exisl on . .
<br /> s�id pruP�'rty nor lu prrmit waste on said premises. nnr tu du nny othrr acl a�her�•by thr pruprrty hereby cunv�•yed shall brcome . ..
<br /> t. less vulunble. nur lo diminiyh or impxir ils value by �ury� acl ur nmi,sinu tu act �. to rumply �vith all n•quir�•ments �1( I�W W�I{t r<•.prct
<br /> to lhe mortgaged premises and thr use lhereoL .
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<br /> � That should the premises ur any U:�rt thi�n�uf Ix� L�krn ur damaged by n�a.nn uf nnp public imprurament ar cund��mnation
<br /> y proceeding, or under the right o( eminenl dumain. ur in any other manner, ltui 1lurtgagce shalLhe ��n1i11eJ to ;JI cumpensations,
<br /> fnvards. und any ether paymenl or rr.lie( lhrrr(ur. and shall be entilled. at ils oplinn. lo ennvnence. oppear in and pr�secute in its . � � .
<br /> t � nwn name uny uction ur proceeding. ur to make any cumprumise -or setllrment in cnnm•eliun wilh such takinK or d�enngr.. All such
<br /> p compensetion. nwardx. <lamug!s, riKht n( acUun and prxeads nrr herrhy assiKn��d to th�• �Ato�ttia�;eo, w�hn may. u(ler dcduc� ing
<br /> f`�. Iherefrom all its expenses, rclease any moneys So recerved by it or apply Ihe same un nny indrbledness srrured hereby. 7�he \lort-
<br /> gagor ogrees to execute such furlher ussignmenlx o[ any compensafiun, ewards, damagr�v, nnd rights of netiun and ��roceeds aa the
<br /> klorlgegee mny require � , '
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<br /> � � 'I'hat in case of (ailure tu per(urm any of th�• covenanis herrin. the �forlgagee may do un the �lortg�gor's 6ehal( ecrrylhing � '
<br /> so cuvennnted; thut the Murtg�gee may also do nny acl il may dre•m nrreswiry tu prulecl lhe li��n IhereoF. that the A1nrt�;agor will :� .
<br /> ; rrp7�y upnn demnnd uny moneys paid or disbursed by the 1lortg��re for anv of the abuvc purpn�ce. and sueh mnni�ys totietfier wi(h �. .
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<br /> inlerest thercon nt the ralr provided in wid nole fih�ll becumr so much additional indrL4klnc+s herrby s�•cured und mny I�e im „
<br /> j' cluded in any decme (oreclusing lhis murlKage and he paid wf a ( the rent.r or Vroceeds uf v�le nf said prrmises if nu[ othenvise
<br /> puid; lhat it shrill not be obligalwy upon the htorlgvgee tu inquirr into Ihe validity o( any lien, �ncwnbrunces, ur claim �n nd-
<br /> vancing moneyy es above aulhorized, but nol'ning herein rnntained shall Fx cnnstrued ns reyuirinK the blurtg�gee tu advance any 4,
<br /> moneys (or uny such purpuse nor lo do any act herrunder; and th:d Mortgagee shall not incur nny persunal linbility because of any- �'��
<br /> � thinK it mey do or umil ta du hereunder.
<br /> s In lhe event of Ihe de[nult by \lorlgugn� in lhi� payment of any installmenl. as rr•quired by the Nule secumd hereby. or
<br /> . in lhe perlortnance of the obligatiun in this morlgaRc cr in lhe nule xeti�ured thore5y, the ."�.'. :�r'�::;;:•c sl�al! bc rnti!led tn dedarr. lh��
<br /> �' debt secured hereby due and paynble withoul nulice. und lhe Aturlgagee shnll be enti�led ��t il, uptiun, ���ithuut nnticr. either by iLvell
<br /> . or by n receiver lo be app<�int�d by the court lhemuf, and without regard lo the adequacy o[ any sccurily (ur the indebfedness se•
<br /> curni herehy, lu enter upon and take pos§essiun� o( the murfgaged premises, and tu collect and receivr thr• mnls, is�ues nnd prufila
<br /> lherecl, nnd apply the same, .less c�sls ut u�x�ration nnd collection, upon the inde6t�xineiv secured by this morlgnqe; suid rents,
<br /> is5ucs und proftls being hereby as.signed �o the !�7ortgaKee av (urlher security [or lhe paymenl nf ull indeblydnc+s s�rured hercby.
<br />� The htorlgagee shall have lhe power lo appoint any ngent nr agents it may desire (or th� purpuse o( rrPairing said prrm• '
<br /> � isex; renGng the sume; collecling the rcnts, revenues and income, nnd it muy p:ry w [ �if ,s�id in.c�e a;l cz��ns;� :ncu:rx� io rer.:- .
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<br /> ing nnd mnnaging lhe same and o( colleclinK thc renlals thrre( rorn. 'the balancc remaining, i( nny, shfill br nPplicd (oward thr . �?�;: � `
<br /> dischar�e o( the mortgage indebtedness. This nssi�nmrnt is tu frrminnte nnd tw�rnmr null nnd void u�wn relrnsr u( lhix mortgagc. , {y '��
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