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<br /> 7�'- 003 '785
<br /> THG MORTGAGOR FURTFi�R COVFNANTS AND AGREES:
<br /> 'I'htit lhe Mortgagor will pny the indebtedness aa hereinboforr prorided. .
<br /> � � Thut the Mnrlgagor in the owm�r uf s�id �xoperlr in fn�� simplr t�nd has go«i rigYd mid It�wAil c+uthorily to nell and � .
<br /> com�ey the snme nnd lhat lhe snmr is [rce and cl�air uf uny licn or encumbrnnco: :+nd that n�lurtgaR„r will �t�nrrnnt �md drBmd the . . � . . . ..
<br /> title tn �nid premisec n�;ainst the clnims uf .dl parsuns whomsnrvrr. �. . . :
<br /> To pny immrditd�•ly when due and yiryabl�• ulI g�a�er�l fuxes. specitd �nxes. special as,��k.menls. H•nter ch;irg��s, se�ver serv- : . � �
<br /> ire chargca, �ind other t��zes end chnrges ngainvt snid pruperly , and nU tnxrs levird on ihe drbt sreurr•d hrrrby. nnd �o (urnish Ihe � .
<br /> 1�3ortgnFeie, upon r��uext. with thc+ originsd nr duplicate rrcciPts thi�ndur. '1'he I�fortgugor ��Krees thnt tlu•re nhnll be added to .
<br /> ench nvmthly pttyment required horeimder ur under lhe evidencr of di•bt vecured hrrrby :in ;im�mnt. rslimntrd by fhe :�9orttiagee . .
<br /> to be suflicivnl ln en:�ble ihe Murly;ngi�r tu pn}', as ihcy brcmm� due, all tnzea. ussrs.vmenis, and similar churgrw u�wn the prem• . . . � � �
<br /> iwrs subjer�t thr. reto; any Jr(icirncy lu•cifuse nf ihr iusutliciency uf such aJdilion.d pnymrnts .6n11 6e forth�rilh drpu;ifrd by the ' . . �
<br /> �7origngnr a•ith lhe Murfgatiee upon d�•m:md 6y th�� �1ort�agre. Au� dr(null nnd��r lhiti pnrngr.aph slu�ll 6r d��rm�vi n Jrfault in ' �� � �
<br /> pnyment nf taxe,. aasrvamenls. ur similnr churtic+ requirrd hrreundre , .
<br /> '1'hi� ;�lurtgngur a�;roi�s ihal tLere �h:+ll aL:u he added In ��ach monthl�• pn7ment n( princip:il zmd inler��st n�quin•d here� . .
<br /> under xin amnunt esfimnlyd bV fh�• Murtgagee tn L�• sulticicnt to enabl�� lhe 17url �;agor tu p��y , a; i� Lecnmrs dur. iL�� iruurence . � � . � .
<br /> premium on miy insurance poliew delivered tu lh�+ \iurt�agei�. Any dr(icienc�• hecausr o( � h�• insu0iciency uf such �idditinnnl pay� � � . . . .
<br /> mrnts +hnll be (ur� hwith drpositrd Ly !hr 111urtg�igur with Ihr Nurl�aRec upon drmand by th�• Ainrl�n�;re. Any de(uul6 wider thic � . �
<br /> p�irngr:�ph sh:ill be deemed a defnull. in the paym��nt o[ insurance prv•miums. I( thu pnlicy ur puliries d��posil�•d :irr sur.h aa hnmr- . � . .
<br /> ownen ur all ri.I( �N)IICICI. 3IIII i {Il' (Ifposita arr in,ulficienl lu pay the rntirr pmminm. thr 91nrl�:a�:ee m;n• apply Ihr deposit fa . . �
<br /> pny premiums nn risks required l0 6e in�ured by Ihis mnrtF��gr. ' � � � �. .
<br /> Paqmenis mndc by the Morl�;a�;or undrr lhr nbnve parn;; rnphe mm�. it thr upUun u[ th�� ilforf�;:�gire. 6�• held by it and � �. � � .
<br /> �' cnmmin�led wilh otlirr .cuch (und+ nr its oa�n fiind, [ur lhr paynu�nt of �uch ifom+. nnd until sn .applird, such pnvmr�nls .ue hereby � � � �
<br /> pletigrd :+s srcurily (ar thr unpaid balnnre uf � h�• mnrtRage indrhlydnecv. � � .
<br /> 'I'u pniCure. delicer lu. and nwinLiin [or 16e henvlil nf ihr :�1url�:a�:ei� duri�i� lhe life of' this murl�:aRr oritiinal policieti und � . � � . .
<br /> renewxls tliercu(, delivercKl nt leasl ten d.�y; befum th�� espirnfiun uf uny such pnlicic•,, insuring :�gain+f. fire and other invumble � � .
<br /> , hazards. cusualties. and rontingenci�•s ns lhe �lortgagee m.iv myuirr. in au amount eyual to the indebtedness srcured by Ihin . . . . .
<br /> MurlgaCe. and in compuni��s :mcepta6le to thr �inrt�ugee, with loss p:rvabl�� elimsr in fnvor of and in (orm aceeptable to the \torttia• � . � �
<br /> gre. In �he event am• policy is nut nrw,w�•d nn or b�•[ure ten days u( its expiratiou. thi� D1urlpi�gee mzay Procurn incurnncc nn thr - . . - -
<br /> improvemenls, p�iy the pn•mimn th��refor. :md such ,um +hall beriime immediatcly dur .md p�fy:�blr w�ilh interevt ut th�• rlitr s�•t � . . .
<br /> . . (orth in ssiid notc unlil P�id and sha�l b�� securcd bp this mnrtgagc. Pailurr on thr part uf the MortRagur tu (urnish snrh rrnewals , � � . . �
<br /> . ;r; nre herein reK�uired or failure fu pay �uiy sums adv.mced h��rrwidi•r shall. at Uu� uplinn o( fh�• \l�irt�;agor, constitute n default � �
<br /> under the ternu of Niis mnrtgnge '1'h�� deliarry uf .uch pnlioi�•s shall. in Ihe evunt nf drfaulL cnn,tifut�• an a4si�:nnu�nt uf thi� un- �, � � . . .
<br /> ' e�nrned premium. . _ . �
<br /> � Am� sums mceived by tho �lurlgager h�� n•nsnn u( los, or damn�;r insured a�:uinsL may he rcL�im•d bY thr 1lurtga�;ee �. � . . �
<br /> � and spplied towurd the pn��ment nf the dobt h��rrby s�•currd. or. :LL Ihr uptiun nf the A9urt�a�;ee. such sums oither w�hully or in ' . � � � �
<br /> . pivt mn�• be pnid uver to N�c \lorlt;agur to be usi�d tn nq>air such huildinl;s or tn huild new 6uildings in their pltiei• or (ur any � �
<br /> ather purpose or objrct satis(aclnry to the At��riti.i�:�•e withuui afi�•clint� the lirn nn the murt�;ag�• lor lhe tull :unuunt ei��•urr<I h��rc- ,. . � � � . . .
<br /> , In• be(un• .uch Pa��men� :•crr t�wk pli�a�. �. . � .
<br /> 'Cn prumpdp r�•p�iir. rc,iun• ar rrbuild any buildin�;+ ur improeemunts nu�r or hrrcaft��r on thr prrmi:rs ahich mny 6�•� � � . . � � �
<br /> � - ' cume dumaged or destruyiKl : (u keep said pn•misrs in g�n�d cundilion aud r��p:�ir .md (rr�• from nny mechanic's li��n or uther lirn o� - . . . . . .
<br /> dnim o( lieu nut oxpre>,ly ;uburdinated tu the li��n hc•reoC nnt to sulicr ur pormi � anp unlawful iue nf or .ui�� nuisanc�• to exi,t nn � . � � ,
<br /> s.iicl propertV nur tu per�nit was�e on saicl prentisi•s. nur tu du nny uther act wherehy the� prup��rty hem6y cum•eyrd shall bt•rome � .
<br /> �� Icsc ��nluublc. nor lo diminivh ��r imp:�ir it; vulu�• 6y am� �ict ar umis�ion lu :ict: tn romply with :JI r<�yuirrrocnix uf Inx� wi�h rrspect . � . . . .
<br /> �o thc mortt;aged pn•mis�•s mid tho usr Ih�•maL . . . -
<br /> '1'hat shuuld Ihe premisr. ur any p:vl Iherru( Ix �akvn ur d:un:y;ed by rrn>un o[ .un• public impru��rmc•nt or cund�mnation � , � .�
<br /> ' prxecding, ur wider ihc right uf emim•nt donwin. ur in any nlhrr manm�L � hr Uurlgagce sL:dl bi� rntilliv) �u :dl cumP�•���ulions� . . � .
<br /> awerds, and :my uther payment ur rrliot ihrrefur. �md shall b�• entiiled. :it its opliun. tn cnmmenc�•. ap�m:�r in and prinisule in its � .
<br /> '. own name any .+ctiun ur pruceedin�;, or to rnake nny comPrumise or s��f Urm�•nl in cunn��ction wifh such tnAinti or diimage. All such . .
<br /> ' cnmprns:dion. +fw�urds. damagi�s. rit;hl ot .ictiun and pruceec.l� nre hereby assi�;ned tn the �turtg:i�;ce. �rho may. aflrr dedurling .
<br /> . : iherefram ull it. rxp���ues. rcli•vsi• uny muncys w rer'civcd Ly it ur upply the a:vne un nny indebli�dness �ecunnl Lrrrby. 'I'he \torb . �
<br /> � �;ngor ngreih tu execute such further �u.ai�;nments u[ any cnmpenvnliun. aw.vd., d��mages, nnd ri�;hts nf action and prui•rrdv :�e lhe .
<br /> 11ortKngee may ri•quire. � .
<br /> ' 'Chat in caise ut (uilure to per[orm nny of the cuven.+nts hercin, the Diortgugee muy du on the Morlgagor's behal( every- �
<br /> ' lhinF so wvenunted; that lhe Slorlgngee muy nlso do miy nct it may deem necessnry to protect thc lien thereo[; that U�r t�fod• �
<br /> � „ngur wili repay upon demund uny moneyx paid or disbursed by tho Dturtqagee (or nny of lhe ufwve purpoet�, nnd such moneye
<br /> " � tog�ther wilh intercst lhereon at the rate providcYl in said note shall becume so much ndditionnl indebtcKlness hereby secured and
<br /> . muy lx included in unq decrir (orecloainti thie morlguge nnd be paid out ot thc rents or proceeds o[ snle of said premises il not �
<br /> � othrrw�ixe paid: nnd that Dfortguger xhali not imvr any penunni liabilily becausr ot anylhing it mny do or omit to do hrrrundrr. �
<br /> - In U�e uv��ui ul Uir Jclnull b}� I�lurtga�;or in th�� pxymeni uf any inst�dlmrnt. ns required by th�� Nuto uK•ured hereb>•, ur
<br /> � � in lhe performnnce o( lhe ubligution in this murtga�;e ur in the nolr secured the�reby, the �1orlga�:ce shnll 6e entiUcd iu d�rlart� lhe
<br /> debt secur�Ki herrby due nnd pi�yable �5�ithout nutice, nnd lhe 3lurtgu�ee sh:dl b�� entitlrel nt its npti�m. without nutice. cilher by itseli
<br /> �� or hy n mcri�•er tu tM n�>pointed by lhe court thenro(. :ind witliuut fP�:IRI �O Uie ad�•yuacy of any seci�rity for thr indebtedne5s u�- .
<br /> � �� curcKl hrreby. to enter upon �md U�ke pussessiun of the murtgaged Premises. ��nd tu cullect ewd rereive Ihe ren�s. issmx nnd proliis
<br /> � Ihercof, nnd •apply lhe� same. Iesr costi n[ opurf�tion and collection. u�nm � h�• indeblednc�+, .��cured by this mortFage: euid renfs, -
<br /> � � iccu<K nnd profiLv txing herehy assi�;ned to th�� Mnrt�;n�re as further s��curit}� for t6r paymenl ��f :dl indrhtedn�•ss ni•runvl hereby. .
<br /> 'fhc Mort�;aKce ahalt hnve lhe puwer tn uppoint uny ugent or aFents il mny desire (ur thr purP�ne o( rePiiiring vaid prcm• -tc,, � . ^: ,kt �
<br /> � iv�s; mnling the vnme; cnllectin� lhe rents, rcvenues and inc��me, and il m;�y puy nut uf nuid incume ull expenses incurnd in renL ' � �� ` t �.'. '
<br /> . ing and manuging the s�me iand of cullecting the renfals therefrom. '1'he balance rrmninin�;, it nnv, shall bt� upplicd towurd lhe � � N '"` �
<br /> dischar�;r of thr mortgngr indeMrdniss. 'I'his ricsignmenl is lo t��rmin�ifr cmd M�cunu• m�ll xnd ruid upon rrlen,e of ihiv morixi�gc. . �.
<br /> L .I'L�� Murtgu�:r�• mny eollect a "Inle churt;e" nut lu rxceed I�ivr ('vnLs (Scl f��r �•uch dolh+r lg1 .W1 ��( �•���'h ti,tal mnn(hly � t�, '"
<br /> . . ��aynuml murr Ihrm 15 dnys in arrrarn tu cuv�•r Ihr ��xtrn ��xp��nsr im�ul��rd in lutndlin�; drlinqu�•rd nccnunly. hIrA .
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