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<br /> 76" t) 053 (� � .
<br /> TI� MORTGAGOR FURTHI?R COVENANT5 AND AGREES:
<br /> �� Thut the MurtK+�B��r will pny lhe indebledness as heminbetore prmided. . . � . . � ��
<br /> � � . ' . � Thal lfie rloriqagor is ihe owner of :�uid property in fee simple nnd hus gual right und lawfut nuthorily tn sell nnd . � . �
<br /> c�nvey Ihe �same and that the same is tree nnd clear of any lien or encumbrance: and thnt hturtgngnr will wnrrant nnd defend tho
<br /> � -; � . � tiNe � 10 r.aid premises n�;uinst the � claims of ttll persons ���homsoever. , . .
<br /> i � � . � To pay immediatel,v � when due and payuble all general taxc�s, special 4�xes, �pecial :assessmenLti, water charges, se»•er serv� �
<br /> ` � ic.�� charges, and olhcr taxes und charges against said pmperty, nnd t�ll taxes leyied un the debt secured hereby, nnd to furnish tl�e . .
<br /> . i �. Mortgage.e, u�m request, with the original or duplicate receipts theretor. 1'he Mortgagor ngrees thnt lhere shall be added to �
<br /> each �motithly .�ayment reyuired hereunder or under the evidence u( debt secured hereby nn sunuunt estimated by ihc hiortFagee . . , .
<br /> ' � � � � to be suliicient � fo cnable the \iorlgegee. to pay, ns Uiey become due, alt liix�s. avsessments, nnd similar chutges �upon the prer.�r � � -
<br /> � ises subject thereto; any deficiency because of the insufficiency o! such ndditional payments shall br, forthwith d��posited by thc �
<br /> � + bturtKngur �+�ith the hlortgagee upon demand by the 11ortRagee. AnY de(ault under this purn�rnph shall hr deemrd a def�ult in . . ..
<br /> � . payment of taxrs, us5es�menls, nr similar cLargrs rrquircd here�indee . : �
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<br /> �a . 'Cho �dortgagor agrecs thnt there shaU nko tr� added tu each monthly P:�ymen[ of Pnncip�l and inleresf rr-quired here- . . . .
<br /> ��� § � vndrr iin amount. eslima�ed by the ?�9orlgagee tn be sufticient. lo enablr ihr Alorigngee to pvy, a+ it � hrcumes due. . thi• ineurance .
<br /> . .. i � premium on �any insurnnc.e. pulicy drliverrd lo the Alortgagee. :'�nY de(icicncy brcause cf Ihe i�uuBicii�ncy uf such addilional pay- - . .
<br /> . .� men4v shnll 6e forthaith depnsited hy ihn 11urikutior �vilh thc �furtga�:ee upon drmund by thc Vortga�;r � AJry def:iull under this . . .
<br /> ; . .; p:iragrnph yhall ix•. dremed a drfaull in t6e paym�•nt u( insur:mce premiums. I ( the polii•r or pnlicies deP��� �trd are wch as linme� _ . .
<br /> ownen or all risk pulicies. nnd the Jepwits are in.u(ticient tn pay thr entirr prrm��m. thr \inrt�;aRer m.�y apply ihe drprnit tn . . . � _ .
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<br /> . pny prrmiums on risks reyuin•d to be in;ured hy this mnrtgage. . . . - .. �.
<br /> 3 - Paymnnts made by lh�• �fur�gagor under thr nbuve paragraph; m�Y. nl the uplion nf th�� 9furigager, be hrld Ip• it and - . . ..
<br /> ' � cumminKled with nth�•r such tunds or its own f�nds for thr pavment o( ,urh items. and until sn applied, such pavmrnis arr ht•rrby : �
<br /> plEalged as sea•urity. fur the unpaid b�ltmcr of the mortFage indrbtedm•ss. . � . . � . .
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<br /> 'fo procun:, deliver to. and maintt�in fur thr bcnr(it nf the �tori�aRee durinR thr lifi� af (his mort;;agc ori�inal policirs m�d . . . � . �
<br /> 1 renewals thereut, delieered at leas� ten dayn I�efom the ezpiration of nny such policieti, insuring n{�ainst ftre nnd other msurahle . .
<br /> hazards, casuulties. nnd cnntingencie; a� the ntortgagre mny reyuire. in an ❑mnw�t cyual tu the indebtednes9 srcured lry this �
<br /> � Alorlgage, and in companiee 3rccptable �tn the ��te�rttiagee. �cith lo>s payssMe cl.wsc in (a�•ur ot and in form accepis�ble ln lhe \1ort;;a- . . . . .
<br /> ` � rer.. In the event any pulicy i; not reneH•ed on or lxdore ten dnys af ib espiralion. t}��. iltoritin�;ce mny prucure insur�nrn on thr . . . .
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<br /> � i imProvements. Pay lhe premium themfor. and sttch sum shall 6ecnme immedialely due nnd payable uith interesf. at. lhe rate set . . . .
<br /> turlh in said nole untit pnid and shall Ix securod by this morfgnga�. Failure on thc purt o( the Atortgagor to furnish such renewnls . �
<br /> � ? as urc herein required nr [ailure tu pay anv sums adaxnced hereunder s}���11, nt ilie option ot th�� hlnrt�;a�;e��, cunsfilute a drfauit � � . .
<br /> � � �; � . under the terms n[ this mortgage. '1'hr de�li��ery ot sudi policies shall, i❑ the rc��nt o( default. cnnstitut�� an �ne��;nm�•ni nf the um . �
<br /> - ; eamecl premium. .
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<br /> � i Anv sums received by the Alurlgngec by reasnn u[ loss ur dema�;e insurrd ng�inst may be• relained bp fhe \lurl^„ager . . . .
<br /> �' '� + and applicd tow�rd (he piayment u[ the deM hereby � srcured, or, .�t the oplion of �h�• Mortgngee, such sumti ��ithrr wholly nr in . : � -
<br /> � ; pxrt may he• paid ovrr in lliu hlurigngur tu ix used fu repair such buildings ur lo build new buiidin�;s in ihrir place ur for nny . . �
<br /> .' � olhrr pur��ose or ubject salisfactory tn �he A1nrt�;agei� with��ui alTeciinr; thr lirn on th�� murtgage Inr the full amount =.eeured hcre- . �
<br /> �- �: � hy befurr suc6 payment ecer t�nik plarr. . . � . . . . . �
<br /> . � � '1'u promptly repair. rrslurc� ur rrbuild �ny buildiny;s or improcrm�•nts nuw nr herea(ter un the pn•mi:a•s which may be- � . . . . . . . . .
<br /> comr. damuK�st or desicuy��i: io keeP s;�id premises in �;uod condition and repair and (rer from any mechanii.r Len or uther licn or . . .
<br />� �' �� � f daim of lien nnt ezpresslv subordinated Io the lien hereof: not m su(Ter or permit any unlaw(ul usr u( or any nuisance tn exiet on � � . .
<br /> '����� .. � caid property nnr to pennit H:i+te on snid premises. nur to dn nny oiher :�ct wherehy thr proprny herehy convey�•d shali hecnme .. . � .
<br /> � � � li•ss valua6lr, nor to diminish ur impair its value by xny act ur omiesiun lo nct : tu cnmply ���ith nll requirrmenis u( lil\4' N'1� I1 rrsp�•et � �. . . , .
<br /> �n the mnrlgaged premiscs und thc uu• thrrcof. - � � � . . �
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<br /> 'I'hnf should ti�r prem�si�: ur any P�rl thvn•o( Iw taken ur dama�;cKl by reevon of anY Puhlic itnprnvemenl or cnndemn.dion �,, � . . .. .
<br /> ` ` pruce�Kling, ur under the ri�ht o( eminent dumain. ur in any ulher ma�mer. lhe 1lortgugee sball be entiqt�cl to all compE•nsalions,
<br /> . fl.vards, and uny otber payment ur rrlie( th��nfne and .h:ill be enlitlyd. at its oPtion, tu ci�mmence. appear in und prrnc�cute in its
<br /> own ntune any nclion or pnuetidin�, ur tu muke any eomprnmi.;r or w�itlement in connection wilh such iakin�: or damage.. All such �
<br /> ; compeasation. mcarcL:. damrges. riKht ot actiun and pmee�ris nm hrrcbv t�-;signed tn �he ;1lnrit�iiper, whn m�y. aflcr deductin� . . .
<br /> therr(rom nll il. ezpenx•s, retea�e .my mm�ey, sn recrie��d by it or appl� th�• same un any indehtednevs secured hrreby. "1'l�r \inrb .
<br /> � ; �ugur agrees to execule such further assi�;nmenLv o[ :my cnmpens�dion. awards. dmm��;es. �md rit;f�fs of aclinn aind pr�xred. e, ihe � � .
<br /> � . A1ortFUK�'�� may n�uirc. . . .
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<br /> 1'hnt in case of (nilum tu �xr(orm unp of the covenunts herein, the Alorlgagee may do on lhe AlortgaF�r's beh�ilf every-
<br /> thing so covenuntcKl; thnt the D'fortgugec may also do nny net it may dmm nemssary to protect lhe lien thereot; that the btort-
<br /> gagor wilt � repay upon demand uny moneya paid or disbursed by the rtort�agee (or nny o( the ubove purpczres, and such moneye �
<br /> ; together with interest Ihereon at the mle provided in said note shall become ao much ndditionnl indeblcdness hereby secured and
<br /> mny be included in any decree (oreclosinF lhis mortgnge nnd be puid out of the mnts or proa.�eds u( sale o( said premises if not
<br /> � othrn��ise paiJ; and thnt Atort�agee shntl not incur an}� personal Iiahility becriuse of anything it muy do or omit to do hereunder.
<br /> In Ihe event n( thr de(ault by �1ort�:ugor in the payment o( nny inslallment. a�s requircd by thr Nuti� �irurcd hen•hy. ur � . .
<br /> in the perfo�mance u( the ubliAalioh in lhis mortKaCe ur in the note secured thcreby, thr \lnrtgugre .hall be ��ntilted tn Jecl;ire. the
<br /> debt secured hereby Juc ond paynble wilLuut notitr. and lhr A�Ior�Ragce shull be entitled xt its uption. ���ithuut nuticr. eilher by itsclf
<br /> � or by a receiver to be appoinkKl by the court there�rf, and without regard to !he adequacy uf nny security fur Ihe indebt�KLu•ss �e-
<br /> cured hereby, to enler upun and take posse=.Sion uf thr murtga�ed premisi�s, nnd to cnllect and rrrnive thu rent.. issues and profits �
<br /> � thercro(, and upp15' the ;�me. I�xs cosls u( operalion and cYdlection. upon lhr indeLtcKlne�r- sccured bp thia mnrt�aKe: sairi r�•nts.
<br /> i�sw� end prufits }x�in� hen•by assigned to the htorigngee lls (urther s�•curi�y (u� Ihe payment o( nll indrble�dness w-�nrwl herr6y.
<br /> The AfurlgnKee st�ull have the yower lo nppuint any agent or agents il may desire fnr lhe purp�e o( repairing ssid prrm-
<br /> ises; renting the s�me: enilectin�; the mnls, rcvenucw and income. +md il may pay' out uf s.iid incnme all eapen�rs incurreK3 im m�b , �
<br /> ing and managing lhe same and of rolleclinF «�� renlals therefrorti. Thc halnncc rrmuinin�;, i( any. shall br npplird townrd the ��
<br /> � discharRe o( lhe morl�;age indebliKlnex.v. This as;ignment is to t�•rminntr +md txrom�• null and �•oid upun releas�• nf this mortpn�e. �.'>�:: �
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<br /> ' The tvlorlgagee mny cullect a "Inle chnr�;e" not lo exceed Five Crnls 15c) for �•ach dollar l3LWl u( rxrh tut�J mnnlhly ... . � } i ' �
<br /> Lpayment more Ihun lfi daye in nrtrnr�+ to cnw•r thr rxtrn ��xpensr inv�dvrd in hundlin� drlinqurnl accounts • �
<br /> � � All paymenLv made under th�� pruvisions o( fhis murtf�ny�c or Ihe nutc here6y secured. H•hirh may be cc�utrurd a• int<�re.l . ""t
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<br /> -. shall not. in the a�:Kregale ot•er the lertn thereo(, exce�d the rate that. may nnu• be I�wfuliy cnntrnMed for in wrilinQ. . uy
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