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<br />" �6_ 005442 , , `, ., , y _ , `
<br /> TFIG MORTGAGOR FURTHBR . COV�NAN1'S AND AGRLtiS: i , • ; t �
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<br /> . � � 'Chnt �� the Mortgagnr wiil pny llie �indebtednessras �hercinheforr. � prrnided. - � . , . � . . _ . . . �
<br /> . � That the Mortga�,ur is lhe .dwnrr o[ snid properly in fee ximple nud 6ns goal right and Ir�w(ul :udhorily lo sPll and � -. �
<br /> cumey lhe same agd' that� tht sarc�e, is troe �nd�� clenr yf uny licn or i•n{ umbinnce; and that �Murfgagor will w�arrunl and dvfend !he
<br /> title to said � premises � agnmst-. the � cluims of� �ull pereons whomvoever. � . � . � �
<br /> . � . To pay- immedintely when �lue and �iayable nll � general �tUxes, spe.cia! tnxes, spc�ci�il nssrssmcntv, wnter charqes, sewer sarv-: . . . . .
<br /> � �. � ico chargr.. and ulher � tnces and� cliarges againsl said pmperly , r+ nd nll t:�xes levicd on lhe debt srrured hereby, :md t�i furnish the . . � .
<br /> � Mortgu(:ee, upon � reyuest. � wilh - the origiriat iic �duplicatc mceipts lhrrrfor. � The n4orlqagor agrees that there shall be � added tn � . . . . .
<br /> � � each munlhly pxyrnent required hereunder or under � the evidrnce o[ dirbt. secured hcroby un amnunt cs(imnl�•d by ihe 11ortgagce � . . � � � .
<br /> - to be sufiicir:nt to��enable the ��Morlgagee�.fo p�y, an they becomr due;� :d6 taxcs, nssesvmenls, :md similnr chargc�s upon lhe prrm- � � � � � � �
<br /> - . � - ises sutfjecL Oierefn; nny d�•ftciency��tirc:luse of lFe insutGciency iif such addilinn+d pdymenle sht+ll � be p�rtliwifh � drposi�ed � by lhr� � � . �
<br /> . Mnrlgugor with LLc h1origagee upml drmm�d by the Alorlgagee. Any def:�ult. under thi� �N1l:IKfJ�)Il 4Il8II I)�• fIC('�Yll'fI » d��(aul�. in .
<br /> � 'payment � isf taxrs, as5essments: � or � siiniL�r charges required hereunder. � - � � � � � � � . �
<br /> .. � � � . 'P6e . hlnrtga�;or agrres thnt thcre . shall id�o � b�� added f.0 e.�ch munlhlY P��Y����:��t� of principrd ��nd inlrr�•sl require.d hr,re- � . � . � .
<br /> o: ' �mder nm m�ount c.alim��led bp lhr Murtgagee tr� be sidliciimt tn cnahlr, lhr Mnrtgagee to pay, ;�,c il becum�s duu. ihe insurunre �. . _ �
<br /> � � pramium on tmy. insurance policy delivered lo the D4nrlgngr,e. Any deficiency becnuse of lhe in;ulficicncy n( such addilional pay-
<br /> � : . �. menLs shall bc forthwi�h dep���il��.d hy the Mortgaqur with thr� Alortgagee iqion drmm�'d by �the Mortgagee. Any default under (his � .. . . .
<br /> � �iarsy;r:iph shnll tx� d�•emed n de[aull in 16�• pnym��ut n( insurance prt�miums. If H�c policy ur puliri�•.s �Irpn�iied :v�• surl� 75 tni�m•�� � � .
<br /> ' owners ur nll risk pnlicios, and Lhe drposits :irt� insuflicicnt fn pi�y lhr ��nlim pn•mium. tLe Morlgagea mne ❑pply thr� Jepos�t tn � � �
<br /> � puy prrmiums on risks required to be insunYl by this mortgag�•. � .
<br /> Paymenls. mudc by lhe Murlgagur imder �lhq nbuve pnrtaF:raph; m��y. ;it tl�e �n�ition uf '.thc � M�irigagec, � l-��� hrld ' by it and � . .
<br /> ; cumminFled with othrr suck funds �or its nwn funds fur Ihi• payment o[ such ift�ms. and until � so applied. such �pAyments nrr� hrrr6y ..
<br /> . pliKlged as security tor Ih� wipaid bnl�+ncc oI t6e mort�;age indebledness. � . . � . � . . .
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<br /> '�� , .'I'o procure, deliver tq and . muintain_tur Ihe benefit o( tlic ?�lorlgngee during the life of this murtgagn uriginal poGcies and � . .
<br /> ��. : � rvmewnls therc�f. delivrred at irasl ten �days� hr(ore the ex��iration of ;iny such policic�v, insurin� a4;einst fir�� and ntFrr insurnhle � .
<br /> . hazards, casualtiee, und - cmitingencies us the Mortgagec tnay rcquire, in an� amount equnl � to the inde6tedness secured by thia � � �
<br /> �i � Murtguge,� and in companics ncieplablr to � h�� Mort{;agec, with los, pny�ible clause in (avor nt �and in torm accept:�ble to � the �Inrtgn- . .
<br /> r . � Fee. In the . event nuy policy is nut renew�Ki on nr be(ure ten duys of i45 expirulinn. the !�lurtgagr�• may procure insur,�ncr on the . . �
<br /> . improvemenlx, pay the . pretnium t6erefoo :+nd such sum shafl hecume immedintelV duc end payable with �interes4 at thc ratr set � . .
<br /> � � [orth in said nolo until P�id und sL.ill Ix� securod 6}• ti�is murtg.ige Failure un the purt of (he nlnrlgugorlu (urnish such renux•als � �
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<br /> as ure herein n�uirrd or (ailure tu pay amy sums ndvancrd horcunder sh�ill. al the up� iun nf the 1lortgagce, cunslitute a drfault . .
<br /> E - . under the terms ot fhis motl�;.ige 'f'he dulivery bf sucf� pniicios shall, in lhe rvcnt o[ de(sult . cnnstitule ❑n assignm�•nl� uf Ih�� um �. � . .
<br /> � � rnrn!d premium. . . . � � . : . � -
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<br /> �� ' �p}' Fl1II15 Il•C!9\'tl(� �)}' ��1C ��OlI�3�;tC �l\' lD8lUf1 U( �055 OT (�:IRI:I{;C Ipgllf<t(� 8(;:III1S� i1l:lY. �1C� fe(11fIPf� �V 1�1P :l� Of��;B�,([ � �
<br /> r � . �, and i�pplied toward thc payment of lhe d��bt hereby sr�vred, ur, at thc oplion of the Mortgagee, such sumv cilher whully ar in �
<br /> � purl may he 'paid uver t<i U�e �tortgngor to Ix� used tu repnir such � buildings ur to Luild ' niw buildin�;s . in th��ir pinci� nr fur any �
<br /> rdh��r purposr or object c�tisL�ctory to th�� Dlnrtgagec wilhnut alTectinF the lien nn Ihe mortgage for the (ull amount mcured hi•re� �
<br /> . by befure such payment ever tuok �dace. � � � � �
<br /> - 'Ib prumptly repnir. resinre ur r�•build any buildings ur improvemrnts nnw or hrrrn(ler un lhc prrmiacv which may b�-- .
<br /> come dumaged or destruyiYl; ln keep said premisrs in ga�d cwiditiun and repair ancl (rec Iront any machanic'ti lirn nr ut6er lien or .
<br /> ! claim of lien nnL expressly sutwrdinaled to the lien hert�of; nnt to suRer or prrmit nny uniaw(ui use of or nny nuisnnce tn exist on .
<br /> �,� . � snid Pruperly nur tu permit wnslc un snid premises, nur Io do any olher art whcr��by the Proprrly hereFry mnvcyed shall tx.�come
<br /> - less valunble, nur lu diminish or impair its v:ilur by any act ur umissiun tu act : tu �-omply �.�ith ,JI rr,�quiremrnts u[ law witl� resp��et
<br /> L�� to lhe morlgaged premisrs and the use thereo(.
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<br /> 'I�hat should the premises ur any parl Ihereol Irir taken ur rlam:�ged by reaxun nf .iny puLlic improvemenl or condemnalinn .
<br /> + � �roceedin ur under lhc right of eminent domnin. ur iu nny otf�er manner. the \t��rl i � � hhall Le enliUcd tn all com �ensat.inns, .
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<br /> awards. Und any olher paymenl or rclief lh��refur. and sh�ll be entitl�•d. �it ils optinn. to emnmence. .�ppoar in and pr�r.;ecute in iLs �
<br /> nwn nume uny nction ur pnxeeding. ur tu make any cumprumise ur set�li��nrnt in c�mnrctiun u�ith such � ukin�; ur d;�mnge. All such . �
<br /> compensalion, owarda, damages, right ot t+ction nnd proceecls ive hereby assigncwl to thi� Mor��;u�;ee. who may, nfler � deduc�ing �
<br /> - therefrom ull its expenscs, rclexsc any tnuneys su reccivcd by it or apply Ihe same un �np indebtedncss secumd hcrcby. T'he Mort• �
<br /> gngor agreeh tu e�ecute such furlher ussignmenls o( any cunipensafiun. awards, dumagrs, and rights ot aCtiun JI1fI �IfOCpPds as lhe
<br /> `'' . btorlgagee mny reryuire.
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<br /> ;. 1'hat in atwe ot faiilure lu pedurm uny uf thr i�ocen�ints hercin. thr• �1ortgngec may du nn the 9lortgagor's hebalf evrrylhing
<br /> so covenunled; thut lhe hfortgagee may also du any �ct it nmy deem nrcessary tu prntrct the lien Ihrren(; th�l thr Mnrtga�or will
<br /> r repuy upon demand any moneye puid ot disbursed by thc �tortgngr� [nr any nf the abuve purp�nes. and such monrys tngetlier with
<br /> � interest thenron nt the r:�le pravidrd in said nnte sh��ll berume so much addilionel � indebtiKh�ess hereby sucurcd and muy tx• in-
<br /> r,'� cluded in any decree [oreclosing lhis mortgnge and bc paid out uf the renls nr prucceds uf sale of said premises if nat utherwise � �
<br /> PIIl[l. L{]:If il shull nut be obligxlory upun the �forlgagee lu inyuire inlu lhe vnlidil}' of any lirn, encumbrancrs, or cinim in ad- .
<br /> t,. vancinR moneys � us ulwve aulhorized. but nothing herein cunlained nhall la� con�tru�rd ns requiring � h�. M11urtKngre tu :�dv:�ncr any ..
<br /> �. . moneys for any such pur�n�se nor lu do ar�y uct hereunder, und li�ut hlur�gagre tihall nut incur un}• persunal liubility because o( any- -� �
<br /> k � � tbinf; it mvy do or umit !o do hereunder. "
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<br /> In the evenl o( the de(uult by �iurtgagr�r in lhr p.rymi�nt uf :uiY in4tallmrnt. .i.s requirrd hy tlie Nule secured h�•reby. or ' .'
<br /> . in !he {xrformance o[ the ubligalion in this mortga�;r or in the nolr scrured thereLy, the \iortga�;ve ..hnll h�• rnti �l��d lu dr•clure ihr
<br /> ' debt securcKl hereby due �nd puY+�hle withoul nutice. end lhe M1turlgagec shall be entilled ut its uption. �vithnut u�dia•. eilher hy itsell
<br /> +- or by a 7ecciver to be �ppuinlecl 6y the court thrreo(, nnd without regnrd to lhe adeyuacp o( any securily (ur the ind�btedness se-
<br /> cured hereby, to enter upon and lnke pos§essiodnf lhe � murt�;aged premises, and lo collect :md rcceive thr rents, issues and profils �
<br /> thereol, and apply lhe s:,me, Jixs covts uf operution and collection, upon lhe indebtednecs securrd hy lhis mortguge; said renls,
<br /> � iwwes nnd profifs being hereby n.vaiQncd to the A4orlgagee tts turlhcr securily (or lhe paymenl of ell indrbtvdneas secured hereby. �
<br /> The Mortgagim shull hx��e lhe puwer �o appoinl any ugent or agenLs it may drsire for lhe purpose nf rrpairing said prrm• . . ''. i '. '�.': � •
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<br /> ises; renting the snme; cullecting lhe rrnts, revenuev nnd income, tmd it may pay out o( suid incnme all expenses incurrttil in rent• � " � . N .;,
<br /> L ing und managing the xnme nnd ot cullecting lhe rentals therefrom. The balance remaininF• if nny. shall br applird toward the a
<br /> dischur�e of the morlgage indeLtedmxv. This ns.cignmenl is to terminale and fMcome null and void ���n rrlt•riv� u( this morigage.
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