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<br />"� 76- �) Q ) `� 3U
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<br /> 'PHE b40RTGAGOR PURTHTR COVI:NAN7'S AND AGRGES:
<br /> Thet the Mbrlgagor will pny the indebtedness as hercinheinre prcrvided. � . � � . �
<br /> , � � . . � 'P6at thr. Mortgugor iu ihe uwner o[ auid proprrty in fec simple �nd hns Koixl riqht anrl lawful authnrity to s��ll and � � .
<br /> com�ey the� same ttttd lhnl the sume is7mc und clear of enyJien nr encumbrance; . nnd ihflt ;14ortFagor will w;�rrant and dr0�nd ihr,
<br /> title lo xHid premisea agninst the claims of nll persnns whomaoever. -
<br /> • r. � � . � . � To puy immedintely when due rind peyable xll general laxes, special laxes, special astiessments, wnfnr charges, sew�•r serv- �, - . �
<br /> '; � ice charges, and other taxes and charges agninst said properly, nnrl all ts�xes Ievied un the debt scr,umd � hereby, and to L�rnish {he � .
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<br /> ;� . . MO7t�'U�.CC, U�N1p r��uest� \VI��1 �f10 originnl UI' duplicute � receipts �lherefor. . '1�fIC Mortgagor AR'fBf?9 lh�t �here S�lfl�� V�' ll(�[�C(� ��1
<br /> S ; � eacl� �munihly I�ayment required hereunder or under the evidence of debt secured hrreby an amount e•slimFiterl by the hlor�gagee
<br /> ! � � � .to� he su(i'icienL � to ennble the 14ortgagee to pay, e�s they become due. all ts�a�s, nssessmenls; and similar ch�rKN�! upon ihe prrm• , . �
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<br /> , � ; ises �subject t.hemin; any deficienc�� because of the insufliciency of such additionnl paymenls shnll 6e+ (nrihwith deposiled by thr . .
<br /> ,.t ` �lurtgagor H•i�h the n7urtgagee upon demunri by tLe Mnrtg�gee. Any drfnull imder this purat;rnph � shall h�� dArmed a defaul! in . .
<br /> } � . ��nyrt�ent of tazes, assessmeNs, ur similar chargrs rr�2uir�d hc+rewidrr. . � . ; - . �
<br /> ' ' at the option of the pfortg g�ee
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<br /> + i . '1'I�a � \4�>rtgagnr agrees that �here �hall nlsu be udded fo r+3c1� munTli puymrnt u( principal nnd infrmsf rr��uired here- . . .
<br /> � � under an am�mnt estima�ed lrv lhr Mnrtgager to br sufficient. to nnable ihe Mnrt�;agee tu pay. ❑5 it breomi�s due.� � he � insurtmer� - . . . .
<br /> ' .f i premium on anY ins�rana� policy de•liverrd fn I.he Nurlgn;;ee. Anv defjcirncv bvemise u( thi� insufticiency u( ,ueh additiunal pay- � ..
<br /> �. �t � mun4v shalt bc� (nrth�t•iflt depnsited 6y the bturlgugor H•ith the nforlg.lgee LLpoil demifnd 65' Ihr 1lu�lgngt•t•. AOY drfault undrr lhis
<br /> �1.�. par:�grnph shall t�e d�•emed n defauft in thr paymi�nl nt insurnnce prrimuma. if ihe pulic�• ur polici��5 di•pn>itod are cuch as hume- . . . . _ , . .
<br /> . � i � uwners ur nll risk poli��ies, und thr deposits nre insu(IicienL iu pay ihe en� irr prrmium, the \1or�f;�i�F�' rn�y applY th�• d��putiil tn . . . . .
<br /> +� ; � pay premiums on rinks mquired tu bi� insurt�d by lhis Jnoriga�;r. � . . . . . . . . .
<br /> `..�� . . I'aymenLv made by the ;�turt�agor w�d��r Q�r a6uve paragraphs may. at ihe upliun of lhe \1urt�;agec, br held by il. and - . � � .
<br /> `- - cumminglyd wilh other such funds ur it+ oH�n funds for thr payment of sucl� itrrus. and until so appli��d. vuch pa,ym��nta arr h�•reby . � . .
<br /> 4 � pleKlged a; security (ur th�� wipaid 6alance nf the murtga�;e � ndr6tednrss. � �. .
<br /> ; SEE RIDER � . ' , "`l't«�.t-`
<br /> �� : renewtilx theren(, dcliverc•d ut li•ast trn daps bofore ihe i•xpiratinn n( any sudi P��licics. invurmK �+F�inst fir�� : . r iru�� rahle
<br /> � ' hazards, casualtirs, and cnnlingoncie; as th�+ Mortgagee may nK�uire, in an umuunt rqual to t • . � ednesy s�rurrd bv ihis . . .
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<br /> ; ! ' A4urlgage. nnd in wmpanies ticcepiable lo the blurtgager. u�ith Inss puy:�ble clause ' o :�nd in funu acceptable lo the �inrl�;a- . . . .
<br /> ' i . gee. In the eve�nt any policy is nuf rem•w•��d nn nr befnre teu davs � . piralian. the D1ort�:agee mny procure insurance un lhe . . . ..
<br /> � impruvements. pay the premiwn therefor. and such si � �ecnme irnmediulcly dur and p,�Yable with inlerest cit lhr rnto set � .
<br /> . _ i ; (orth in . said nuie until p;iid aud sh;dl � e� by ihiti murtti'ige. Fnilum on thc part ot th� \for�t;acor tn (umish such rrnewals - .
<br /> , �. ? ns are herein required n . o pay any sums ndvunced hr. rcundrr ,halL .�t. ihe uption u( the �toriga„��e, cnmti� ute a drfault . _ . . . .
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<br /> under ihr . � t iis m��rtg�i4e. '1'he Jeliacn� nf such pnlicirs shall, in the rvrnt nf de(nulL ��unstilul�� an ns:i;;nment uf thi� um ., � . . .
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<br /> � � :1nv sums r�•ceivrd 6y Uir \lurl�;n�;re Iry re;ison nf In.vs ur dama�;c in.,umd al:ninst m�iv be ret:iinrd by the \]ort;;�i„i�e �. . . . � . . . .. .
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<br /> �. ; � ;�nd applied tu«•ard lhe p:iytnent u( th�� debt h�•reby srcumd. ur. :d the optiun of the Alnrl�;age�•, such sums cil }�er whnlly ur in . . � . ..
<br /> i�: part may be paid nver lu the D�furtgagor lu br used lo repuir such 6nildinRy or tu build new buildin�;ti in lheir pL•�ce ur (ur any . . ..
<br /> � F ' other purPuse ur ohjecl satisfuclory tn lhe D9nrlt;agi�e withouf affec�ing ihr lien on the nu�rlt;a�r (or thr f�Ql amount n«�currd hrre- . . : . . . .
<br /> f ' . bv b�dure such payment rver �ook pinn�. . . � .
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<br /> � i 'Co promptly repair. rrsiom or rrbuild any buildin�;s or impruv�•meniti nu�r nn c�reaRcr nn the prcmitie� «�hich may br : .
<br /> ` ' ; cume d�imuFed or des(roycKl; lo keep snid premixes in ga�d condilian and repair und Ge�� from any m��cfwnic's lirn ur uthrr lirn ur � � .
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<br /> : j claim u[ lien not. ezPre,sly sulx>rdinated lo the lirn hereot; nol to su(ier ur p�•nn�t :my unlnw(ui utie of nr any nm+ance lu rxi+t un ,, �
<br /> � .: � said pruprrty nnr lu pennit w:�s�i� on .aid pfemises. nor tu do :my uthrr act �vhereby the property hereby n>m•<•vrd rhall becumi� . � . .
<br /> �'.�' `i Ir,s v�ilua6le, nor to diminish ur impnir it+ vnluo Ly any act ur nmission fo ;ac•t : tu cumplp with ull rrquiremi•n�s uf la�a w�ifh rrspecl ; . . . � � .
<br /> ` tu Ihe mortgagcd Premises .md lhe usr thercuf. �. . . .
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<br /> 1'hat tih��uld lh�• premisr; �,r :mr part Ihen•uf 6�• l:�ken ur Jmm��;ed 6y roason u[ unp public imprnvem��nt ur cundemnatiun - . � . -
<br /> - '��i procentin�. ur under th�. ri�:hl ot i•minunf domain, ur in any ulher nianner. tlx� Alori�;agee shall hr �•nliQed to nll comP!•nations. . � . . �
<br /> ?: �� ' uwards. �md any uli�er paymen� ur r�•lief th��refur. and nliall bi� until�rd. at it4 e�ptiun. to cummence. �qipear in nnd Pn»irute in ils . . . . .
<br /> � � �i own n.une uny ac� inn or proiYvding. ��r lu m:�l:e any cumprumis�• ur setllemrnl in conm•c�iun �.�ith such tal:in�; ur Jam�+Re. All such . . � �
<br /> comPnnsulio�. uward�:, danwges, ri�;ht of actiun and prucee<I. an� hrreby assi�;ned tn fhi• \1nrl �;ngei•. who mn�'. after JrduclinK � . : . . . .
<br /> there[rum ull its expens��s. n•leau• any mom�y. ..n reeeivrd bp it nr :+pply lhe same on �ny indrblednrs.; secured herrbp. 'I'hr �forh .
<br /> y�ugur �t;rees tu execute tiui•h furth�•r nssiK��menls u( �ury c�rtnpenc;dinn. .Iwtvds. dam:ig��s. �md ri;;hls uf acti��n and prnerrd. :i, the � .
<br /> �1or�i:a�ri• m:q• rrquirr. . �
<br /> 1'hat in case o( ftiilurc tu perform any of the covrnants hcrein, the Afotlgagec mny do on Lhe 111urtgagois Ixhulf every- �� � �
<br /> fhing so cwennnted; that the Morlgugee may nlso dn nny uct it muy dcrm necessary tu protecl the lien thrreof: that lhe I�1ort• � . .
<br /> gagor will repay upon demand uny moncys paid or disburacd by Ihe nlortgugea for uny o[ lhe ubovc purp��ses, und suc}� moneys
<br /> together wilh interest fhereon nt the rate provided in said note shall bccome so much additionat indebtMlness hereUy secvmd mid � �
<br /> may be included in any decrcc forec�osing tl�is mortgngc und be pnid out of tlie renls or prceccds of enle of snid premisce if nol �
<br /> olhrn5�ise paid: nnd thnt hlnrtgagee shull not incur uny personnl tiability t�ecause o( nnythin�; it mny do or omit ta do herrundee �
<br /> r. .� In lhe caent of lhe de(xult by MorlR:�gor in the prtyment n( uny instnllmenl, as required by the Nut�� �rcurrd hereby. ur
<br /> in the prr[orm+ince ut the ubligatiun in this mortga�:r ur in the nule s��cured lhereby. i6e \turtgat;ee shnll 6i• rntilli�d in drelt�rr Ihe .
<br /> dcht ser.ured 6urc•by due imd puyahle wilhoul notice. und the �1u[ipnFre sh�ll bu entitled at its np(ion. withnut notico. cither by itsel[ .
<br /> or by :� rrceiver lo fm appainted by the cuurt then��f, end �eifirout n•�;urd tu thc adtrauacy o( any scnirih� fnr thi� indr�bt�•dnc,s u�- �
<br /> cured hereby. to rnter upon and tal:e pussrssion of llic murtguged prrmisec. and lu rnllect :md reci•ivc fhc rrnls. ic ui�s and prufils
<br /> Ihereof. and i�pply the +ume. Ic:ss cosls of operatiun and cYdlretiun. upun tlie ind�•btednr,s tircumd by t6is tnurl �;a�;r: .:iid n•nis, ,
<br /> i�sues and profiLv beinti hereby atisigned to lhe Dlorfgagee x.v fur�he•r s�•curih� (nr Ibe pnyment of all indrhtednrss s�•cunYl herrby. -
<br /> 1'hc Dlorlgagec sh�dl have lhe power lo appoint any ngent or ugeNs it may devito (ur lhr purpusr of rcpnirin�; u�id prem- � �
<br /> iv�s: renling lh�� sume: collectin�; thc renta. revenuiw and incumi•. and it. miiy P�Y ����t uf caid inaim�• all ��spnnsi�s incurn+l in renb .
<br /> ing und mnnugin�; t}�e s:ime :md nf cullectin"n lhe rr•ntals lhere(rom. "I'he b�lance rrm�iinin�. if :uiy. st�all h�• i�pplied lowevd thr Mn ' .
<br /> dia•hnr�e n( the morigagc indcUtednrss. This nssignment i5 tu trrminatc and lu•cumr nnll nnd vuid upun rrli•nvr ut fhi. mortp��gr. :! .
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<br /> � � '!'he �1or �;ag e � �y co le ( a "Inti� ch�rge" nnl lu i�zceed I�ive Cenls Ific) fnr rnch dullar l:+ I .0U1 n( r;ich �� m��nlhly � . � N `''-
<br /> ! pnymenf�tQi�t��fT1����1�P�g ��r��.s�irt���r ihr rxlra �•xp��n�r invnhe�d in hnndlinp drlinqucnl ��ccnunls. � �' r �
<br /> ` Ail puymenls made under the provisione uf lhix morlFnge ur lhr nule h�•reby �ucured. �vliich may bi� cunslrui•d ;�s intrre.f . �
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<br /> �hnll not. in thr� n�gre�ate over ihr Irrm iher�(, rxcrrd Ih� rntr tha� mny now be low(ully contracted !nr in ��•rilin�. � : - �
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