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<br /> 76- [1025 '71 �
<br /> 7`IdC MOIiTGAGOR rUR'PHPR COVIiNAN'PS AND AGft��B:
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<br /> 2 �� . That. Y!w �I�1or�gt�l;or .will pfiy the indebtednene iae hereinheFore provided. � . .
<br /> �. . . ,, .That . lhc � Morfgaqor �ia � tha owner �o! yaicl pruperty in fee simple nnc! hus u�����1 right emrl luw(ul uuthoritY tn sell rmrl � .
<br /> �: � ennvey thu same und lhat the -snme is [ree and clear ofnnyiien or tmcumbrance; and that �4orlgnl;or will wt�rrank auid defend tho �
<br /> �. titie to �said � premises uguins[ � thc rinims o[ � nll persons whomnoevee �
<br /> ;� � � .. 'I'o pny� immediutely when� due and p�yable nll generel taxes, specit�! lnxes, sprciel .�v.ti��ssments. wnler chnrges, sewer �;erw . � �
<br /> '' �� �� ico churges, nnd other tnacs unJ chnr6es again4t snid property, nnd nll tuxea levied ai thr, dcht secured. hereby, and lu furnis6 Yhc
<br /> �� Mortgt�gee, u{x�n reyueal, wilh U�e originul or duplicate receipts thr.mfor. 'I'he Mortgngur ugrees flmt there xhnll Ue ndded to
<br /> �: . . ench . mnnthly puyment reryuired - herrwider or under Ihe evidence of debt secured �hereby nn �tmuunt ealimated by. lhe MorlgnF�e � . .
<br /> �; tn � hi� ' Sa(ficient (o ena!�le !i!� hlort�ogee to pny, �ns lhey become� due, all Gixes. ��snesymenly, and similar c}i �rR�'s upm� thi� 7�mm•
<br /> � ' � � i�;osaubjact therAto; uiry deficiency hecauxe ot the insutiiciency of such udditionel piiYments sl�nll he tort.tnvith �lepusit��d hy the
<br /> � y � Mortgagor with lhi. � D�'lortqugee upun demand by the It7orlgngce. Any defatdt undcr this p�rngrnph stiall he deomvd n .dr•(nnit in . .
<br /> pay�urnt of tazr�s; uhs� swments, or similnr chargrs required heteunder.
<br /> '�, � . "I'he 114ortgngur � l�grers thnt . lhere shxll eltin be ndded � o c.ich monthly P�aymenl of princip�l and interetit rvquired� hrre�• .
<br /> !. under nn runount estimuted bY thr hlor�gaK�'�' to be su(ficirnt to eniible the � 1�lorfguger to� pay, i�s it hecnmev due, ihe insurnnce �
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<br /> � .; prnmium utt nny insurunce policy �i�•livemd ln thc MurlRagee. Any de(icioncy brcmiso ut lho insu�ficicmcY of such iiddilional pay- .
<br /> ;� � menta shall be forth�vith depnsifc�d by the blbrtg��;or wilh thc Dturlguqec upon demand hy lhe nlnrt�;ngvc. Any defuuli tmder ihis
<br /> � �' � � pnrnRr�ph sh�dl be deemed n defnult in th�� P��y�n�°nt of insuriu�m prrmiums. If lhe policy ��r pul�cies dvpuriled an� sucl� a5 liame- '. y :� .``
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<br /> 1��,. ownern or nll rink pulicii•s, imd lhr depavits }�re insuflicient tn p:�y Lhr i�nfire premivm. the Mnrtgagee mny :�pply thr di�pocil tn
<br /> '�� .�. � p��y premiums un riskti requimd �q be insurt�d 6y this morlguga .
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<br /> s � . . Pm•ments mfide by thc iblurlga�nr under �hr. abuvi� p»ragraphs mny. nt. ihe upliun ot the iNortgiigei•. bi� 6eld by it und ' . .
<br /> � comminglecl wilh other such funds or its own funds fur tho pupment o[ such it��ms. imd until so aPPIiFd. such paymrnts nre h�•rehp . .
<br /> '�-�!: � pledpc•d i�s serurity for lhe unpaid 6:ilance o[ lhe mnrlga�;c indebiedne��. .. . .
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<br /> ;?. - � � To procure.- dcliver �o, nml tnuintain . (or tho 6eneftt uf lhe I��lortgagee during Lhe lifu of this nwrtN+��� urikimil pnlicicv �and .
<br /> !��nr�vals iher�sif, delivered al Ie��s� ti�n dnys before t.he expirnLiun of .my such P��licies. insuring :a;;ainst fire nnd nther insuruhlt� � � .
<br /> � hnzunLs, casuallies, end contin�;encies ns lhe Dlor�gt�gee mny rtt�uire, in an atnucnt rquul to ir��� ��,�i��nt�a�,�5y si�cured by �this .
<br /> 4 � \qortgeage. und in companir.s nccepinble to the Morl{;ntiee. « ith losc payuble clnuse in [nvur u[ nnd in fonn accepinble tn the Mor1gF�- .
<br /> � gce. In lhe e:�enl any policy is not renewi�i nn or brfure ten d:�vs ot its expiralinn. fhe D4ortg:itiee may procurr insuranre on lhe
<br /> : �� improvaments, p�y the pmmium lherefor. and such sum shall 6ecnme imm��dmtelv due aud payab(e with intrrest at the rate sel
<br /> fnrlii in suid note until paid anJ shall br secured by this mortgo�e. I�xilure nn thc pnrl of the blortgF�gor lo furnish nuch renewals
<br /> ns um hercin reyuirrd ur failura to p:i•.' an� sums advaneed h�•rrundr•r shall. at thu uption o( � hr Mort�tr;<•t•. cnntititule a d��t.iuit .
<br /> under the terms o( �hie mortR:�1;r. 'C6v delivery of such �/UIIClC4 SFIAII. I❑ lhe e�vrnt o( defmdL ronstitutr nn nssignment nf ih�• un- .
<br /> ' ; - c�arned pmmium. � :
<br /> • n�� � . Anv sums receiaed by the Murtgagec hy mas<�n u( luss ur damuRe in+ured a�:uinst may be reL•�inrd by ihe i\turh:n�ee � :
<br /> f _ und applied tuward �hc pnyment u[ thr debt herebv secured. or, id the oplion n( ihe Dturigagec, such sums eifher whnlly ur in �
<br /> . pnrt m�y be paid over fo lhe Mnrlgagur lo {x used to repair nuch buildin�;; or In I�uild ncw buildin�;s in iheir place ur for :tny .
<br /> :x � othrr purpose or nbjeet calisfactory �o tho Martga�;ee witLuut al[eeting lhi� lii�n nn lhe morfK��B� f��r Ihe (ull ��mnunt .crured h��re- .
<br /> .: : . hy be(ore such pnyment ev��r tuuk place. . . .
<br /> € � 'Pu prnmp�ly repaiq rrsture ur rebuild �u�y buildings nr imprurrmenls nou� nr herra(l��r un �hc premivec K�hich nlu>' Ix�' .
<br /> . -j��� cnme dama�;�al ur destruyed : io kerp said premises in �;�wd condiliun ;md repnir und (rei� (rom any mcehm�ic'+ li��n or uther licn or . . .
<br /> �;: i� clnim o( lien nnt expresvly su6ordin:LLed lu � he licn hereuf: m�l tu .;uffe�r or ponnil any unlawful us�� ot ur anY nuismxw tu exist on , . .
<br /> s:iid l�ruprrly nor to permit wasfe on said premis�•s, nur lo d��� :uq• o(lier ;ict a•hemhy t.h�• Pruperty hereLy cnmrycd ntwll becomr .
<br /> lr:s valun6le. nor lu diminish ur impair its v:duc by any ++<�t or umis.ioii to :u.t.; tu cmnply �vith all mquirrm�ad.� o( I.n� with rosp��ct . ..
<br /> lu U�c mnrt�;aged premis��a ;md fhe use UirrruL .
<br /> Thul ahould l6c prcmisr, ur any' ptirt. then•o( hc laken ur dnmmu�d by reasun o[ .iny public improvemrnt or cundemnation , � .
<br /> proceecJing. or under thr right uf eruiuenl dumain. ur in any other manner. th�� �loriga�ee shall Ue entided to .ill compensatinns, . . � . . . .
<br /> nwerds, nnd� any uther paymrnt or r��lief lhcrefoq .m�i a6all be enliH��d, at ilv option, tu cnmmence, aPP�'�r in nnd pnncvtute m i4s .
<br /> own natne any nction ur proceed�ng. ur �u mnl:e �uiy c��mprumise or tiettlemrnt in cunneclinn N•ilh �nch ta6inr or damage All such �. . .
<br /> �umpen�tiun, awards. dnnmge�, righl o( actiuu :md procerch ;vi• hereby :�s.igni�d tn th�� hlortgage��. �vhu may. aft«•r di�ductin�; . . .
<br /> there[rom �ll iL. expens��v, rele�se an}• moneys su rca•in�d by it ur nppty the samc on anp indebtednens .i�cunrd hi•rrhy. 'Chi� �1ur1 � . .
<br /> gagor agreiK tu execute sidi furiher ns�i�nmrntti nf any coinpensaliun, n�+•arde. d;un:�gea, and ri�hls u( ac�lion and prorred. xs the � . , .
<br /> hfnrlt;at;ee mnY require. . . � .
<br /> Thut in cnsa of tnilure to per(onn any o[ the coveuEmLs hemin, the Mortgngee may do on the Mortgagor'� behal( every- : � � � �
<br /> thing so covenanted; tliat lhe Mortgagee muy ulso do any act it n:ay dc.rm nemcnary to pmti�ct the lien thereo[: that the Mort� � . . .
<br /> gugor will repay u�ion demand xny moneyx pnid ur disbursed by the Morlgngce for unp of the nUave purpaxs, and such moneye . . - �
<br /> fogether with interest thereon at the rale provided in snid nole shall become so much additional indebte<inesa heceUy seeurect nnd
<br /> ; muy be includecl in uny decree jOiPCI09111A �I119 mortgagc nnd be paid out o[ thc rents or t)iOCCI'(19 OF tlUll' OI 981(I �1I'l'If115C9 II iIOL
<br /> � : . i othetwise paid: and thnt htortFn�E'f' shall � nol incur any personal liabilily lxcause of nnylhing il may do or omit to do hereunder. � . ..
<br /> - � ` In lhe event uf the defnult by �4nrtgngor in lhe p�yment o( .iny installmenl, av re<p�ired 6y Ihe Not�• .ecur�•d h�•n�by. nr � : -
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<br /> in the per(ormnnm of thc u6ligalion in lhis mortga�;e or in lhe nule �ecured tliereby. thr A9nrlgn;;ee .hall be entiU��d to drelurn lhe �
<br /> � � debt secured heceby doe nnd pa}':�M� wilhoul notice. and thr 14ortgn�;ee sh�ll be entilled al ils uptinn. withnut nolice. oilhor by itw�l[ .
<br /> or by n receiver to be appuint�Yl by the cuurt thenro[, �nd withuut regnrd lu Ll�e ndc�uacy n( any securily [ur the indr.hlrJm�s er- � � � :
<br /> ��. : i rured bereby. !o entrr upon and take pu.aessiun o[ lhe mort�^a�;ed premises. +ind tu eollec[ fwd n•ce•icr thr rrnts. i.surs and prufit� . .
<br /> th<•reof. unfl apply lhe sume. I�s coxts o( operalio�i t3t�d cv�llecliun. upur� Ihc indebtiylncc� �ecure<1 hy this mur(g��ge : said rrnts. , �
<br /> �� j issutw nnd profitx txing h�•teby nssi�;ned t�i thr MorL�;,�gee• ns further cvcurity (ar the papment rd nll indebledni:�s ..�ruriYl herrby. , . ..
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<br /> . . ' . The blorlgagec sh+ill huve thr puwer to appoint any agent or agents it may desire for the purpose of n•pairin{� snid prem' i . . .
<br /> � � . . ices: renUng lhe s�tme: colleclin� the rents. revenuev w�d inenme. :�nd il map pny <ml o( suid inenmi� �ill i•ap�•mNs incurrc+l in renL �� .
<br /> � ? � ing rand m�+:ioging fhe same nnd of collecting the rentals there[rom. "The h�lnnce rc�miiinint;. i[ anv, sh:dl bo appli��J u�ward the � r�w� ; - '�*-
<br /> <Ii�;chnrRe - o[ the mortgege indi•ht�dneca. � This acsiR��ment ie lu trrminaie �urd Iw�comr null xnd vnid upnn rriE•nso uf thia mnrt�;a�;r'. L� �t. � �•.
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<br /> . I . . 'fhc Mortgngee mt+y c��llect n '9nte cimr�;e" nul to rxcoed F'iv�• C�•n4ti (5c) (or rach dullnr lS1 .00) uf rnch tuiril monlhly . . '�r ��
<br /> pnyment more (hnn lfi dnVv in nrtt�:vv lo co��vr �hv estrn rxprn!+� invnlvrd in handlinC d��linqui�nl na�aunls. � ° '�
<br /> � All paymrnls made under fhi� pruvisions uf lhi� morl�;age or Iln• nute hrrel�v �ecureJ. which may be cunslru��d n. intrrr.t .
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<br /> � =hall nnt, in thr aggre�;al� o�•er Ih�• t�•rm th�•mn(, exceed lho rntr (}u�t mf�y noa• hr l:i�vfully contr:�cted fnr in w�ritin�. .
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