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<br /> THI3 MOP.TGAGOR rURTf[ER (70VENANTS ANI) AGREES:
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<br /> 7'hnt thc� Mortgagor will � pay Ihe indebtedneF� as hereinbefore provided.
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<br /> 'Phnt the Mortgagor � is thn �riwnrr of s;�id proprrty in f��c simpic sind }mv go�xf right nnd li�wful nuthority to sell :�nd
<br /> convey lhe snmr, nttd �lh�bth���xnme is � frre �md clei�r u( nny liun nr rncumhnince; nnd thnt Mwt�;ngor will warrant und rle(end , the .
<br /> � tiHe lo snid �.premisev � a�ninyt thr cinim� o[ dll - peruins whomsoevvr:� � - . . . .. . � ' .
<br /> Tu puy � immediulely whrn rluo mid paynble all genernf tnzes. spe.ciul �lnxrs.. spncinl asx�s�mrnty, wx(rr � ch;utits. � sewet serJ- '
<br /> ' ice chargi�s, and Mher tusus c�nd ch��rge�: againsl ' sa�i� �, p[n�er,r[y, und ,+�ll � tnz�•s levicd un lhc drbt hrrured hercby. aud lo furnish th�
<br /> �.. Morlgagec, upon ro�7ii�xh, yvith thn �oFigin[d . or duplicute Ll`L'C1PIF ,UIUfE�GIf:. �I'hr �furlKnl���r iigrecs th�t lhr•n• ,h:�ll bo add��ri to �
<br /> ' enrh monlhlY pnymenC rci�uircd he�'eiii�der nr under thr uvidrnce i�( deLt crairrd hi�rebv :m timount o:;linviled by ih�� Mortgug��e � -
<br /> . lo hr hu�iciimt to enaUle_.thr. �. Mortgagee tn pay, f�s lhey 6tcnrni� r1ue, all 4�zrte, avsi�;,menls. nnd vin�iilar ch+irK�'y upou fbe. prem• � .
<br /> � , .� � ise� subji�t theretn; niiy rleficienr.y liecause nf the insidficicncY uf sud� :additional p5yrnenls sLall 6c fnrl6wilh di�pnsited �Ly thr . .
<br /> Morl�agot w�illt Lhe btor�gnqre upnn demm�d Ly 16r rturl�:ng��c. Any d�•(nult imder � ��ii� pnrugraph sh;dl he drrm<�d n drfault in � . .
<br /> pay�lie�iC of taxes; �ass��csrnentti; nr � simil.v char�:�•: required hun,undee � . . � .
<br /> �. � The � bio(�g:igor ngrer�s that there shalb also Ix xdded tu rach� mnnlhly payment nf principal and inten•st n�quired here-
<br /> undrr an .�muunt eslimatrd by th�• Atorlgagre ti, b�• sulficient �n ��o-�vbH: tlu� Alortgat;re to pny. ar it brcuiru•�; dur. lhr insuranre � . �
<br /> .� premium i,n imy insuranee pulicy dr�livered tu Uir h�urtgagee Any d<�fieiency bi-c:wse nf U�c insidDciency of sucL �idditionsl pay-
<br /> � ments sh;ill lie forthwith drposilr.•d �by � lhr, binrtqatior wil6 the ;�lorlgngun upon dorn�:mJ by th� 19t�rtgagec. Any �IrGiult undnr Ihis
<br /> � p,trugraph sL.11l In• di•r�nrd �� doCault in thr p.iymi-nL uf insur:mcr prrtniwns. If t6r pnlirc nr pulicir•t d�•pu :ili�d aro snrh e��, tnrmr .
<br /> � ownnrs nf all rivk. pulicivs, and t6r dupusits . ure ineuliicient tu �iay thr rnlir�a preruiur��. t6r Aior( �;ngoc mac ❑��ply die deposit to
<br /> � . pny ptcmiums un 7isk4 rec�uired to bc in,urrd I�y this rnnrlg:q;v. . . . . . . � �
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<br /> � P.fc[nenls marle by tliu Dlorty;nY,��r .under � he :d�uyr pnra„ruphs rnay�. :tt iha� upHnn nf tlie Mortg;eRee, Lr held � Ly it :fhd � - �
<br /> commingled ��.'ith uth�•r surh f�,� nds nr iL: u�vn funds [r,r ihe payroert u( .urh if�•mn . :uid :� n1ll so u,�plird . auch p;�yn�rnt, arr h��reLy .
<br /> pled�;�d os Yecurity for th�• unpaid halenee n( th�� mortgagr� inri�.btedn���a. �
<br /> 'I'n procure. drlimr In. and rnaintain fnr � he b�•nrli ( �.d � he 11nr4;:i �;r�• durin�� ih�• lifr n! tLiv muii�!�ge uri�:inal puUrics anc'I , � �
<br /> ten�wals therrr>f. deli�•errd at I��:ist frn days ixdore Iku• ,. zpirati�,n of .�ne sucL policia=•;. invurin7; ❑I;:�inst firP nnd u� hc�r insuraLle �
<br /> . � hnznrdR, rusuatties, und contingen<•iev us the h] ocLKngec mny n•quire, in iin xmo�mt «qwd lu the indebtedricxa secured b,Y this . � . -
<br /> �` � � Mwlgage. and in a>mp��ni�-. aa�cpt:ible to tho �1i�rt�;at;�•r�, wi � L In., pu��nbl�� clausr in (a��ur of and in turm nccrptahlc� to Ihe S1ort�;a- � . .
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<br /> Fee. Lt the event .wy pulicy is nut n•n�•wrd on nr L�:fon• Irn ilares , �t it:; ��xpir:�tion, thr• Mnttqa�;oe me�' I�rucure insurunce nn Ihr . � _
<br /> ; . . . improvrmen4ti. pay thr pr<•mium Ih�•re(or. aud .;uch ;um =ha11 hoc�mo innuediaL�ly due and pnyablr ait6 inlc�resl at [hr rutr set �
<br /> (orth iu r.�id no1.�- until paid und sh:dl b�• ::i•curod hv this mortti.ak�•. Paihue on � h�� pnrt a( thr �1urtgagor to furni=h .wrh rrnewals � .
<br /> as arr herrin required ur (ailure in p:ap :� n�� .ums ndvnnc��d hen.und�•r .hall . at thr� optinn of :hr Afmltiagre, cunstitule u d�•(ault
<br /> , under lhe terms nf this nwrp:.�;;r. 7'h�• d!�livery n( such pnGci��, �.h>JI , in tho �,v�•nl ��i dr(:�ult. eunc!itute an nssiK��mrnt af the un- .
<br /> � �•nrned premium.
<br /> Auy .urn9 fecelced hy Uu• 6iurlR:�ti�•e� b�� rensun z,t los: ��r d:nnnge in=un,d al;ainnt may he rrti�im•d I�y tlir 61urtF;agee .
<br /> aud applied towerd the payment uf thr dr61 6i�rchp s��rurr.d. or, at thr opliun of [ hr RlurigaKee, s'ucli sums cither whully ur in
<br /> pnrL mn7• be paid over tu ibe Dturtt:u{;or tn tH• useri tn rrpair ruc6 huildin 'r;s ur lu builrl ' nr•.v 6uildings in thair placr ur for an>' .
<br /> nther purpv�e or object :;a (is(.tctary to ih�• �furtg��;;vc �,vitl�uut a((ecting llu• licn nn tn�• rnort�;npe (or lhr Full nmount vcured 6��re. . �.
<br /> by before •'u�•!i prtymvnt •�vcr hmk pl.�c��. �
<br /> � Tu promptly r�rpnir. restnrr ur n:build :mv Luildingx ur hnprr.verornlh now� ur hi•rra(ter on ihi• premisrs which m�y be.
<br /> � . come dumuged or destrnyucl : ta krep saiJ premises in i;��,d cundiliun :md repnir and fre�� Rnm r�ny m�•ch�nic's lirn nr othrr lien ur
<br /> claim of lii�n nul expressly sutwrdinaled to tl�e li��n hrrr•of: n��t lu ,u1Ter nr prrmit ony miluwful use u[ or �np nuisnnce lo exist on
<br /> ti said properly nor to permit H��+s[r un said prrrnises, nur in du ;�ny nthrr act wherrby:th�• prupi�rty hrrrby ce�nveyed shnll {x�mme
<br /> ! le.;s valuable. nur tu dimiriish nr imi���ir its vulue by any ;ict ur umission !u :+rl: tn rnrn��It� with nll rryuiremrn�: u( I;�w with «-spect .
<br /> � to lhe morlgaged prnmises :md ihe uso thrn•oL � �
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<br /> p� 7�hat should thu prrmiscs or :an}• pur( thcrr•u( Mr taki•n ur dam.µcd by r��:r-��n u( anc puhlir impruvcm�•nt or condemnulion . .
<br /> 3, pra:eeding. or under Ihe righl of eminrnt d�nnain , ur iu nny olhcr munm•r. thr 11ort�;agre .hall be enlilled to nll curnpcnsatiuns. � .
<br /> aa•ards, and any other puyrne•nt or rr•li�•f t6�•re(ur, and sh:di be entitled, at its opti�m. to commence. oppear in and prcr.ierule in �iLs
<br /> ,� , —_:�;:�� r,^.__:���v _n�� i� n ��r nn�•i•�.dint; . ��r tu make a�q� cumprumise or sottlument in cunnrctiun with such L•�king ur Jamage. All such : .
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<br /> T. - compensalion. awatd �. d:unagrs, rigtrt of action -and �iroir�Nie �ar�• here}iy �dseigneii � to the MOfIyFI{;PF'. K'IW �nay. after dcductinF -
<br /> s lherefrom nli its expensev, relense any moneys so mcrived hy it iu upply thr. same on any indrbtt•dness secured he�eby. The 11ort• �- � .
<br /> +, � guKor ugrtxs to erecUle such (urther ussignmenG n( any ceunprnsaliun. ��c:irds. dumatiev, nnd rights o( :�cliun and prucceds us lhr , •.
<br /> ; AlortgaFee may require. _ '
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<br /> � "I'hal in casc o( failure fu p�uforrn :my o( th�• cnvcnants hen�in . lh�• ,11�rtlga{;ce mr�V dn un Ih�� 1lnrlt:ngor's hoh:Jf everylhing . ..
<br /> � so covenunted: that the \tortgUgee muy also du uny act it may derrn nra�ssnry tn prutect tl�r li�•n thercuf: that Ihe �lnrtgaKor will
<br /> �, repuy upun demand anv moneys paid or dishursed bY thr rinrtgagre for any of the above purpcni•s, and such moneys tngetflrr with
<br /> interest thereon nt the rale prcrvided in a�id note shull brcume �n much iidditional indebirdnest here6y s�•eured and miiy be in�
<br /> �. dudecl in m�y decrer (oredusing lhis murlguge and Ix paid nut o( th�� renls ur proc��eds of sale of snid premisrs i! nat otherv+ise �
<br /> r � pnid; lhat it shnll nut Le obligalory upon th�• A1nrtgage�• to inquire inle� the vnlidily of any lirn. encumbrances. or claim in ad-
<br /> � vancing moneys as aMwe nulhorized, but nulhing herein conlained shall tv� cunslrued us requiring the 11urtgagrc tu adv;inee any
<br /> . muneyx for nny such p�r�x�sc nor W du uny uct herrunder; nnd lhat Morlgagce shall nut Sneur any persunad liability Lrrausi� nf any-
<br /> thinF it mey do or omit to du hereunder.
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<br /> In lhe event o( the de[rwll by T9ortgngor in Ihr payment o( any installment, as rrquired hV � hr Nuti� secured he�ehV, nr
<br /> � �_ in lhe {x•dnrmnna� of the obligalion in this mort�agr ur in lhe note securod therrby. lhe Storteagee shall b�• rntitlyd to drelare thr
<br /> debt secumd hrreby due and payable wilhuut notice, aind the �torlgagee shall he rntitled al its optiun. without nulice, eithr. r hy itsei(
<br /> ur by a reCeive� ln I>e oppnint[�1 hy thc court thercrof, and without regard to thv �dequacy o( nnV security (ur lhe ind��btrdnrss u��
<br /> � � cu::� hereSy, ir, er�1t-r upon eu�u i:ike pnssrssinn' al the � mortg:+Red prrmises, and to coller.t and reccivr Ihr rrmis, issues and prnfits
<br /> thermt, end apply the name: .lesx costs of opentiun and collectinn, u�n the indebtrdnc�+s securnd by this mortgu�;e; said rents,
<br /> i4vues nnd profila being hereby asvigned tu the biurlgagre ae (urther vrrurity Jor thn paymrnt of nll indrblydnrss securri3 hcrebu.
<br /> � '!'hi• Mortgagiv� shull fiave the puwer to appoint any +�gcmt or a�;ontc it mny drsirc (or Ihe �mrp�e o( mpairing said pr��m- �
<br /> ises; renlinR the same; collecting thr ren[s, revenues und income, nnd it may pay out o( wid income iill expensr�s incurrcYl in cenb - i
<br /> ing and munaqing the same and ot rnllicling thc renlulv tLrrefrom. Thr balance remaining, if nny, shnll be apPlied toward the -' ?,� �' �'.
<br /> dischurge a( the mortgage inde6ledness. This assignmenl is lo term�nalr and tMcomr null and void u��n relrtise uf this mortgnge. - � � N '7;
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