|
�' 1
<br /> ) ' t�
<br />?� . Y . . .. �L.aG .
<br /> ha . . . � �-� - J;jr .
<br /> �6r
<br />� ' . . . . . . _ _ . . � . . . . . . . . . . . . . . . . . . � -7:wNiX� � � � .
<br />� � � � � . . � � .
<br /> T ..' : � .. . . . � �
<br />� ; , 76- 1) 0 5 3 0 '7
<br /> THF, r40RTGAGOR RURTH�R COV�NAN'I'S AND AGRE�S:
<br /> Tbat ihe Mortgagur will pa,y � tht+ indebtrdnrss as hereinbe(nre provided. � � � � � .� � � �
<br /> �I � . � ". � 'fhut the Mortgngur is ihe � uwner o(. said property in fee simpie and � hus go�� ri�;ht and law(ul authority lo sell and � . �
<br /> I � convey � the same and thnt the same is free nnd clear of nny lien or encimi6rance: xnd thnt bfortgUgnr a'ill wnrront and de(end the
<br /> � litle � tu said pmmisos nguinst the cleims of all � persons whotnsoever. � � � . �. � ,
<br /> � � � To pay immediately when due nnd � payable �nll genernl tuxes, special texea, specinl assescments, waler charges, sewrr serv- � .
<br /> � �y � � ice charges; and other fxxes Hnd charges. against said property, nncl fdl tt�xes levied nn the debt secured hereby, und to farnish the � . - _ , � �
<br /> �-� i � � blorfgngee, upon request, with the original or duplic�te receipts theretoc 'The Mortgagor +�grees llret fhere shull be added .to . � . � � . � . . .
<br /> � ench . monthly � pnyment . requimd hereunder or under thc evidence of debt secumd hereby an amount eslimnled by lhe Mortgagec � � : �
<br /> � to bN su(ticient to enebie lhe rlortqugee tu pay, �s they become due, ull laxes, nssessments, nnd similar charges upon the prem- . - � .
<br /> iaes subject thereto; a�iy deficiency because ot the insufliciency of such additional � payments shull tx� forlh�vith deposited by lhe � � . � � � .
<br /> � � \7ortgagor with lhe Mortgagee upa� demand bp the \lortgaqee. Any drfauit under Ihis p:i[akrapk +hall b�� deemrd a default in � � �
<br /> . p:�ymenl o[ inxes, es;essments. or vimilar chnrR�+ required hcrcunder. � . . � � � . � . .
<br /> � . � . . � 7'he M�irtgugor agrces th.�t ti�ere sfixll .ilso Ix• added to . each mnnthly payment of principal and � inten�vt required here� � �. � �, �
<br /> � . � under an amuunt eslimatesi by the h(nrtgagee lu he sullicient to enable the Murt�;nger in p.iy. as if 6evonu�s due, Ih�• insurance � � � � �
<br /> pmmium on any insurance policy deliv�•red to the nfartgaRce. Any deficiency herause o[ th�:+ insu�cien�y u( sucl� udditionnl pa}�- . . . . . .
<br /> � menLc shall be furthwith depnsiled by fhr hlurtgugor with lhc \7orlK�R« u�x>n drmand by tiic 11urt�aKee. . Any deLiult under ihis � � . � . .
<br /> ..' . pijrnKraph shall fx� deemed a deGault in lhe payment o( insurancc premiums. If the pnlii;v ur pnlicies depo.il��d nre .uch ns home- �� . . . . .
<br /> nwners nr all risk policies. and lhe dr,posits arn insuflicient li� pay thr enlire prhmium, ll�e Alurtga{�re may applp thr di•pnsil fn � � � � .
<br /> � pay prcmiums un risks requirrd to� be insured by this murtgat;e. , .. . . . _
<br /> ;�' i � Yaymenls mt�de by the \lorlt;�R�r undcr 6ie abwe pnragraphs may, af t{w uptinn of thu �]urlgngce. bi� hi°Id b�� it �nd . � � � � � . �
<br /> . comminFled with othrr such funds or ifs ne•n (unds for the p;+yment of surli i�ems, and unlil cn npplir.d. such p.iymrnt5 arr h�arby � �
<br /> �.�-.j pl�vigivl xs scrurity (or th�• unpaid bal�nce ot the murtgage indebtedm�ss. � � . . � � .
<br /> ; 'I'u procure. deliver . iu. aud m.iintnin (or the hene(it ot the lfurfgugee during thc li(c uf this tnor��;ti„�+ uril:inul pulicies and � . .. � . .
<br /> ' rc�ncwids thcrcKi(. deliven�cl :it leaist ten duys beture the expiration of an}' ,ueh P�Lcies, insuring against fire and other insurabic � . .
<br /> � � harnrds, casuullies. :ind cnntinguncies us thr \iurtgagre may n�7uire, in an nmuunL rqaal to the indehtedness s�•cured by this : � . � � �
<br /> MorlgaKe. and in wmpanies acreplable lo the Atortg.�Rre, w'ith I<�., payahle olause in ftrvor o[ and in form acecptable tu thr 1lortga- ' � . . � .
<br /> y gee. In the. event nny policy is nut renrwi�! un ur be[ore 'ten days o( its expiratiun, lhe M1torlgagee mny procure insur�nce un the . ' � � � �
<br /> � imprnvcmenls, pay the Pn'mium lherrfor, .�nd such sum shall become i�mnediutely due and p:�ynble with inirrest at the rafe set . .
<br /> torlh in said nute wrtii D:�id and shall F� �ecured by lhis mortga�;e. Failure on the part u[ the Alort�;atior lo furnish surh mnF•wnl. . . . . .
<br /> as are herrin nK�uimd or (ailure to pay any sums advanced hercund�•r ;halL at the uption of the htnrh;agee, cnnstilute a drfaull � . � . -
<br /> . . under the terms of lhis morl�;nKc. 'Phi> dclivrry o[ sudi policic5 shnll, in the e�•�mt of Jr(»ull . c�rosliWte ran �vs.i�;nmrnt uf th�� un- . � .
<br /> � : . � earned Prrmium. �� :.. . . .
<br /> Any sums . received by the 1lortgagec by rrason uf luss ur dama�;e insured agninst may 6c retained hy Ihe �1urt;;a�;ee . � � . .
<br /> nnd upplied tow�rd th�� payment o( lhe debt hereby secured. or, t�l lhe optinn o( the D1urtFagee, such sum� cilhrr wholly nr in . . . . .
<br /> pnrt may ba paid uver iu the klurtgagor tu tx+ used to repair such I�uildinFS ��r to build new buildint;s in iheir pl;�cc� ur fur uny � . � . . �
<br /> � � � oiher purpose ur ubject v�tis[aci��ry tu lhe Aturtge�gee wilhuul aIT�•eting ihr lii�n nn Uie muriKaFi• tor � hr full amuunt secured here• � �
<br /> : �.. ; by betore sudi payment evrr tuak pince. . . . . . .
<br /> `, �-. .t . . _ � _. . . � . .
<br /> � 'Pn promptly reptiir. restnre ur n•huild nny Luildiugv ur impruvrmr. nls no�+• or hen•nfler on Ihe pmmisrs w�hich may bc� . � �
<br /> come dFimagecl ur drstrvy�Kl: !o kecp said premises in t;a,d condition nnd repair and Goe Gom uny mrchanic's lii�n or uthrr lien nr . � � � � .
<br /> ;:' �..�� ciuim of lien not expres5ly subordin:iled lo the liru hrreuC nul tu sulior nr permit any unlawful usr of ur :in>• nuisance to .�si,t o�i . � . .
<br /> "� �' snid properlv nor lu pennii H�asic un said prrmi=c�, nur tu du any nthcr act �sd�ereLy t6r property h�•reby convr��rd vhull become . - . � .
<br /> � � less valu�hlo, nur to diminish or impair its ��alu�• 6y .uiy acl ur umi;sinn lu ncl : tu comph• �cflh all mquirrme•nt: of Inw v.�ilh rr.,pi•et . . . .
<br /> � } tn the mortg�ged premis�•v and the usc t4.creoL . . . .
<br /> � - ` Thut should the prrmise> ur any P;+rt Ihi•ran( fk� taken or dama�;ed by masun ot �my public impruvi•ment or cnndemn:+lion - . - �� � .
<br /> proce��ling. or under tL�• riKhl of eminenl domain, ur in anY �>ther manner. Ihe \torf�agei• shall be entitled ln all compensaliuns. , � . . . .
<br /> awards, and uny other P�Y�»�•nt ur rv•liet therefur. and shall be enlitled. al ils option, tu commence. uppear in and prrniti;ute in i�5 � . . .
<br /> F�� � � �{ own name uny actinn ur pnuredinK. or tu m:�ke any comPrumise ur seltlement in connecliun with such taking or dmnnge. All such : . . . .
<br /> compensalion. award�. d.ima��h, rigLt o( actiun imd pruceivls arn hrreby as.i�ned to lhe 9lurlga�;ee, wLu mny. atter deduclin� . �
<br /> Lherefrom aU its ��xP�•�lu•�, n•lease any� moneys su ri�ceived by it ur ��pply thc+ same on anp indebt��dni�ss secured liemby. Thc• �tort • � . �
<br /> � „ugor u�;rei�; lu rxecute such turther assi�nmenLs o( :my cumpensalion. a��:ud., dama�es. t�nd ri�;htv u[ ar� ion :mJ prucredn n, Ihe � � �
<br /> A�forfga�;re may require. .
<br /> . That iu case of (nilure to per[om� nny uf the cuven:u�ts herein, fhe Diortgagee mny do un the I�lortgagor's be}talf e�'ery- � . �
<br /> � thing ao covenanled; that the Mortgagee may nlsu do Any net it may div�m necessary to protect the lien lhereoF, thnt the DSort-
<br /> gagor will rrpny u�wn demand uny moneye pnid or diebursed by tlie htorty;ngee [or uny o[ the abuve purpaves, nnd such moneyn
<br /> iogether with inlerest thert�on at the rale provided in sai� note ehnll become so much ndditionul indebttYlness hereUy secured und
<br /> _�� � � � may Ix included in uny decree tomcloving this morlgage and be Paid out of the renls or proceeds o[ sale of said premises if not �
<br /> nthenvise paid: nnd thnt MoH�ugee shnll not incvr nny persunul liabilily because of anything it may do or omit to do hereunder. . . �
<br /> In the event of khe def¢ult by �4urlgagor in the payment o( uny instullmeut, as rcquired by ihr Nutr secured hrrchy, or � � �
<br /> � - in the pertormunce uf the obliFatiun in this murtguKe or in the note ucumd thereb��, the �'IoflgaRee sIIDII ht� Pnh�Irtl �o tleClllfP �I1P
<br /> debt securtd hereby due and payable without notice, and llir Mortgngee �hall be c•nliNed at ils aption. �eilhuut nulice•. cifher by itsel( � .
<br /> or by a retieiver lo � uppointed by the court thereot, smd withuut n•�;ard to lhe ndi��uncy of nny xecurity (or th�• indeMedness u•- .
<br /> curcvl hereby. to enler upon ;end fake possession of ihe� murlgnged pmmi�rv, and to cullecl. and receive the renl;, is��urs amd profits
<br /> � thereof, nnd npply the sume, tess costs a[ oprrafion aud inllecKiun. upon the indeLtedni�cs s�-r.ured by lhis muriguge: said renls,
<br /> . isvu�� tand profits beinF ��ereby assigned to ih�� l�tort�atiee ns furthrr u�.•urity for the parvment nf all indrbtednesc �rcunY! hereby.
<br /> The Morlgngoe sh�ll hirve the pmver to appoint nny ugent or ugents it may draire fur the purp�ne of rrpairin�; caid pr�•m- �
<br /> ise�; mnting the e,Ume; crollectinl: the reuts. rcvenucw and income, nnd il maq p�y uut o( said incomo all expen�i�s incurrevi in rent- �
<br /> ' ing und munaging the amne and of collecting lhe rentufs there(rom. 'I'he balnnce remt�inin�;, if any, ahall he applird towurd the —:,, � �, �� . ;
<br /> , diacharge o[ the murigngr. indebiednrsy. This avsignment is fo lerminutr �nd brcnm<� null cmd vnid upun rrlenti�• ot Ihis mnrtFn�e ^' r '`?' �� �
<br /> N `
<br /> L The Modgngee ma�y collect a "late chnrge" nut tn esmed Fivr Ceniti (ic) f��r rach dullnr (SLW) �d �'+��'h tu1:J mnnlhh• , ' �
<br /> poyment mnre than 15 drryv in nrrearv to coverlhe rxtra exprncr im�dvrd in hnndlin�; d�•linyu��nl accounts.
<br /> :7
<br /> � � All � paymrnts madc under �Vll• j)fOVId10I1S O� (Ill4 mor��:nge ur Ihc note hcreLY secured, whirh mny be cunstrurd :�s intom�L � n `,� �
<br /> � � 4hn11 not. in the nggre�ote over ihr �vrm tliereof, esceed ihe rntn lh;d mny now• br inwfully contracted for in writina. � , � � ���� � �
<br />�
<br />;a. .
<br />'+ � � �._, � . ..
<br /> _ �
<br />
|