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<br /> :+ THE h40RTGAGOR FURTFi�R COVENANTS AND AGREES:
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<br /> � .�� 7'hnt U�e Mortgt�gor H�ill pay the indehtedne:cv ns hereinbefore provided. .
<br /> ,. .. t . � . . � Thn[ the T1nrt6+�R��r is tlie uw�ur of x�id property in fce ximple i�nd hus gual right .md lu�.•(ul auchurit�' �o si�ll nnd . . .
<br /> . � � �ronvey tho snme nnd thnt th� si+me is [rec and clvar u( uny lien or cncum6rnnce: +�nd Ihnl n7urlgngnr �aill wnrriinl nnd defrnd thc � � .
<br /> � title to snid . Premises � aguinst the ciaims nf idl pennny whumsoevr•e �� - -.
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<br /> � � . � Tc� . pa,V immediutely when due nnd pnynlde ull generni lni��s, xper:inl laxes, vpecinl ussossrm�n�s, wnlrr charges, sewer serv- �
<br /> � ice churges, � and olher taxex imd clmrF�s ng��inst snid prop<�rfy, nnd nll laxos levied nn the d��6t serured h�reby, nnd t<i furnish !he � � . �
<br /> "�� � Murtgagc:e, upon roqucsi. with the original or duplica�o rai•eiptv Iherefor: 'I'h� MortgnF��r ngrccr th+LL Ihere vlinll lm ndded in �
<br /> �, ,'. � carh mon[hly pxymenl � reyuirnd liemunder ur under the evidencn nf d��bt secured herr6y an �imuwd eslimidod hy the Murtgages �
<br /> .,�. to he suHicieut ln onnble fhe �lurlgiiR�'�' in pay, aa Nwy beiv�me duc, xll Inx��<. ��vu�ssmrntv. :wd :cimilnr chnrgex «�Nm lhi• � prem• � �
<br /> is�� subje�t thereto; uny de�icieni�v becnuer uf the insufliciency u( xurh addilionid ptoymenls shnll 6r forihwiih depo,itrd by tho � . .
<br /> blortgngor �vith the r�tnrfgugeu upun di�mnnd by the Mnrlgngoe. Any d�•(uull undi•r thix �r:ar�igreiph sh:�l! Lr dcemod �� dvfuuit. in . .
<br /> paym��nt nf tn�ea. asse�:smenls. nr similnr cimr�;nv rw�uired hrreundrr. � ' - .
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<br /> , s'� - 'I'he Alnrtgagor ngrves lhnt U�ero shflll +ilsn Mi• e�dded tu r.�rh munthly paymi•nt u[ prim�ipnl �md inlere+� requir��J here� �
<br /> �mdrr tm mnnunt estimalyd by Ihe \[urlgng��e tu Lo suliieirnt to cnnbl�• the �ior�g:��;ee tu pay. :is il Leannr. dir.•, thr insurnnce . - . .
<br /> .. �.a" pre�mium nn nny inwuranee pulicy delivered lu ILe Murt�;tiR�'�'. ��lY dvfieii�ncy 6rcausc u( thr in.ufliciency nf sucL ndditiunnl pa�•• �
<br /> : i' menls shnll Lr (pfU1N7�I1 (IL`�)ttS1�PfI II}' lh�� Dlortgn�ur ��•ilh Ihr I�4orlga�;ec upun dvmnnd by the \9urtgngce. Any di�L•�ull. under this �
<br /> ' �.��'� . panagruph th��ll ixs deemed n default in the payment uf in;urnncu premiume. If thr �wlicy nr puliriex di�po.it�•d ar�� :;uch ns hnme� � . �
<br /> `' ��� uwnen nr nll rixk policies, and the deposits nre insullicient to p.q� thr ��ntin• premium. iho I��Iut1 �,;aRre may npply ihe dri���sii tn � � �.
<br /> ' �� pny pn•miums un risks required to he innurcd by this morl�;:i�e. . . . �
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<br /> - -..��� Pnements mudc by th�• �9urt;:a�:or under the nLoae pi�ragrnphs rnuy. nt Ihc apliun u[ Uir �lort�;ugcc. Lr hrld 6y it and .
<br /> rummin�;lyd wiW nthcr such fund� ur ils o�cn funds (ur ihc pnynu•uf u[ such itcros, and unlil xo �tPPlird. surh pnpmonts nrn hrroby . .
<br /> ;=��� plivlg<�J as security lur the unpaid bal�nce uf 16r mnrt�ati� indr6t��dnrsn. � . .
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<br /> � �'� 'Cu pnwure, drlicrr lu. anJ mnint;�in for thr hene�it of thr \Inrf�a�;rr duriug the li(e ut this morl�;uge ungin��l pnliciev iand . : . � .
<br /> , .'��� renrwxln th�rcuf. delivered at least Ivn dm�s Ikfore thi� rxpirntiun uC un�• such pnlicics, msurin�: �i�;ainst tire and uther in+utnble , . . ,
<br /> tmznrtls, cnsunllies. and conlin�;encii�s ��s �he Atortgngrr mny rrqaire. in nn amounl cyunl to the indrhtedness srcured 6p this � � . .
<br /> . .�;� �tortguge. and in comp:�nies accept:�Me to thr \1ort�;aF�'�'. ��'ith luss pay��bte rinusr in favor nf and in (orm ncrep�ahle to the bloritin- ' . . .
<br /> gee. In the ewmt tllitl �IOIII'}' IS nnt renr�red nn ur Ix�fore Irn drq�s uf it.c expirntiun, lhr 11nrt�;ugrr mny procure insurance on the . � � .
<br /> � �€ . improvrments. puy lhe premium thrrefor, nnJ such ;um shall Lecumr immedi+��ely duo �md p.�yaMln with interrst nt ihe rnti• set , �. .
<br /> torfh in said nule until priid ;md vhall bo .ecurrd h�� Ihia murt�;ngr. Failure on thi• pnrt nf the �1nrt�;agor tn furni�h .uch rrnewnle �
<br /> ns urc hi�rein n�e�uiri�d ur f:iilure lo p:n• nny wms i�daruic��d hi�rrw�dvr shall, at lhe npfiun of the Mort�;:�Rro. cunstitute a defnult .
<br /> under tlie tarmc o( thix nrorf;;ng��. 'Che d��livrry uf such pulicie, shnll, in thr evont uf drfmdL ran,titute nn ri..sitinment n( the un• � � . �
<br /> carned premium. . .
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<br /> � Any sums receired by th�� Dlorttingei� 6y n•usun uf loes ur dnmagr insurrd ngninst m:ry bc rrlainrd hy iho ;11uttKakec . � . .
<br /> iind i�pplii�i tnward ilie px��m�•nt ut the d��b� Lerrby srcurrd. nr. at tlie optiun u( �he D1ortgi�gre, such sums either �vholly or in - . .
<br /> __ � pnrt ma�• be pxiid ovcr tu the \tort�n�:or tu Ix uscd to ropair such buildin�;s ur tu build nrw buildings in thrir place or for nny . � .
<br /> � { nther purpasi� or ubject +:�titi(uclory lo lhe \turt�;�;;r�- wi �h�mi n6�r� in�: th�• lien ��n the murt�ngt� Cor Ih�- full nmount �eeured he•re_ . . � � . . -
<br /> ' 6y Ixdurr such paymt•n! ever �<wk pineo. . � . .
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<br /> 1'u prnmpth• r��p;iir. resiorc nr rcbuild :un� 6uildin�;s ur improvrmi•nl. nmv nr hrn•aRcr un Ihr pmmiser ��-hich mm� LM- . � . � .
<br /> � � -� cume damagi�cl ur dr:eln�yevi: tu ki���p .nid premivrs in �;«�d rnnditiun nnd rrpuir ;md frcr (rum uny mrrhanir.'s lirn or uther licn or � � .
<br /> '� � i clnim of lion nul i•zprecwly suburdinat�•d tu tlie lirn herrof: nul tn :;ulior ur permil ,�ny miL�wful uc�� o( ur nny nnisancr to �aiat. on . .
<br /> suid pn�perty nor ln permit warle on xeid premises. nnr �o du nny other act �ehereLy' thi• prnp��rty hrrehy enm�ey�•d sh�Jl Ix�enme � .
<br /> �.i I��s viilu�ble. nor to dimini.h nr impair it. vnlue by am� arl ur orni.sion tu act : tu cumply «�ilh nll rryuireme�nts o( In�c with rrsprct. : . . . .
<br /> � 2 lu ihr mor�tiagcd pmml.rs und !hr use Ih�•rrnL � .
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<br /> � + 'l�ha� .vhould U�c premisi�s or any part � hcrruf Iw� takan nr d;mwticd by n•n+on n( :un• public imprucement or cundrmnation �
<br /> . � pnxs��cling. ur under lhe righl uf eminent domain. ar in anr ulhi•r mamicr. ihe \lorlgagce shnll br rnliticd lo :dl cumpennations, �� - -
<br /> � Awnrd�, and anY other Pa�•ment or mlir( there(or. .ind shall IH• enlitled. at ils uptiun, lo cummence. appeur in nnd praa�r�ule in itF � . �
<br /> ' own nnmr amy nction or prureedin�;. or lu mnke any cumprnroise ur settlemunt in connection �vilh such taAing or dnmage All such � � . . .
<br /> � cnmpen.mtion. nwurd.s. Juma�es. right uf ;�cliun nnd Pruci�als arr h��rrby assigned �o the Rlurttingec. ���hn may. idler dedurlin� : . .. � � . �
<br /> Ihemtrom ull iLs �•spi�nses. rolease nny monc}', so n�•eiw�d by il ur npply' the snme on uny inde6l��dne.n ercumri hereby. 'Phe :11urb . . ..
<br /> �;uRnr ngr�•i•s to rxi�c�ute such furth��r nssignment� of any eompens.ttiun. :tte�irclv, dumn�es. smd riRhls o[ artion nnd pnKecYis :�s lhe � � � . � .
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<br /> Tlurtgagce mny requirc. � � . - .
<br /> That in cnse o( fnilure tu per(urm nny o( lhe cuecnanls hercin, the 1�lortgugee muy do un the Murt�ngor 4 txLnlf eveq•- . . �
<br /> thin6 F� covennnted; that the blortgagce may also do nny nct it may dcem nceessury to protc�ct the lien themof; lhnt thc hiort• �.
<br /> �;egor will repny upon demund any moneye puid ur disbursed by the D1orl6ngee (or nny of lhe uFx�ve purposes, xnd such moncys . � � � � ..
<br /> i tog�ther with intemst thereon nt thc ratc provid�d in xvd nute ehnll beoume eo much ii�iditionnl indebtedness hemby w�cur��ci and
<br /> '+ may M included in nny decrre fouYlosiag lhis mortgage ond be paid out o( the mnts or proceeds ot an�e ot eaid premis�w if not � . � .
<br /> nthenvise pni<l; nnd lhnl Morfgng�r xhnli nnt incvr nny P�'rsonnl liabilily Fxcnunr n( nny/hing it may do or omit to do hemunder. .
<br /> In the eveut ut �hc JeLwit by '�larlgngur i�t thc pnymi•nt o( nn>• insfaliment. ns reyuired by the Notr srcured hi�rcby. or .
<br /> in the pertortnancr ut ihe uhliKalion in Ihis mortga�;o or in the no�i� .irured lhrreby. Ihe \lorttiag��c ,Lnll be cntilli�d lu dn:lnre thu � .
<br /> ' debt xecured hercby due und pnyable without notitt, and the �9ortgn�ce shnll bc rntiUod nt i�. option, withnut nn4ce, rilher by itsel( �
<br /> n� }ry N nrrirer lo IH� appoinliYl by the court thorn�[, and wilhout regurd to the ndequacy u( nny �ecuritV fur ihe indebtcKlnets rx•- :
<br /> � ivrrvl horeby, to enler u�xin und tuke posttssion of the mortguged premiscs, tmd tu collecl nnd rc�ri��e the rentn, is.vuc� +md profits � . � �
<br /> � �� lhrrcuL and apply the snme, le�s cosis o[ operation and �tdlectiun. ❑�wn !h�• inde6tedn��ss .ecumd hy lhis mortgnge; tinid renfs, � . � �
<br /> '+� . �-vcwx and pmhts heinti hen•Ly nssi�;ned to lhr bSort�ngec av further securily for the p;i3'm�mt of nll indi�btedn��a. s��unyl heref>y.
<br /> � Thi� �7orlgagiY• shnll hnve the power tu xppoint any ugent ur n�;ents it may desire for fhe purpise o( repniring vaid pmm- ^ .�;, ; t ��
<br /> ices; rcnling the sxmu: rnlleclinR �f�� mnLv. rcvenuea and income, und it may paY nut of suid incume nll ex�xnses in�vttal in renb � � ��r '� � �
<br /> � �� ing [md munn�ing the same und ot Collrclit�g the rentnls lhere[rom. '1'he bxlance remnining, if any, shall b�• applicd townrd the ' . '�. � ` �
<br /> discharge of the mnrl�n�;� indehtcYln�se. This acvignmeul in ln lerminnt� nnd Irc•nmr null and vuid upon rrlro�r nf Ihi4 mort�;n�e. . �. � � �
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<br /> � 1'hr �lurtgagw• maV cullrcl u "Inle clmrK�'' nnt In rzcerd Five Cents (Sc) (nr �•iich dulh+r (SI .W) o( ��nci� lotnt mnnlhly - �� ks, �. .
<br /> p:n•mrnt mon• Ihnn 15 dt�y� in nrn�arv �v ivi�•rr Ihr i•x� rn rxp�•nci• invnlw•d in LnndlinC drlinqu�•rJ nccounl+. �
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