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<br /> y� T A R . FURTHER CqVSNANTS AND AGREES: _ r. >, , . ,
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<br /> � � 1'hat the� Mortgegor will -puy� lhe � indebtedness as hereinbe(me providrd. . � � � � � � � � . � � � .
<br /> . ; Tha! the Mottg6gor is� the ownrr nf anid proprrty in feu ximplr aud hny goal right nnd I++wful authority lo srll and . . . .
<br /> �. conve.V ihe seme and thnt ihe�siime� is� (ree and clrar o( �my lien orrnc�imhnmce; nnd thnt Murlgagor will wurrnnt. nnd di�frnd ihe �. �
<br /> � - tit!:� lo said �premises nqaiqsl � the �cl5imx of� ull � persons whc�meoever. � .� - � � �� � . . � . .
<br /> � r . To pay � imme�lielely �klll'11 �YIIIC AfIII F)AyBVIC �II �CIIL'fill }eXl'S� 5�)1?CIiII I11XC9� special nssessmenls, watcr rhnrges, �sewcr s�vv. . :
<br /> . ice chnrges, and other tnx«s and charges egainst said properlY, nnd all taxes Ir.viod un the debt necured Lerehy, �3nd ln furnish thc �. � � � �
<br /> � . Mortgagee, upon�. requrst,' with �thr. � originLl or duplicate rcr.c�ipts ' I6crc(ur. 'I'hc M��rtgagor agrres that ll�er�� xball . 6e �dded ln � � . . . � � .
<br /> � et�ch monthly p�yment rc•quired hereunder r>�� under fhr in•idcv�ce n( ile6t secured hr�reby :m amount c�:timaled hy the Uurlgagrc � � .
<br /> � Lo he su(Ticiorif:�to erinble: the hlyr�gugee to pay, �❑s thcy become duc. all taz�•s. aescssmeN.s. �md sirnilar cLnrges upon the � prrm•. , � . � .
<br /> ises suhJ�'L [horeLo; a�iy iiefciancy 6eenusc nf the insulfi�•ienay � o( aiich ndditi�in�l pi�ymcnts shr�ll 6i� Inrthwitb �1ep�isi�nd hy tlie - � � � . .
<br /> - Morlgagpr . «�ith Um hiortgagre upon demxnd by llie h1ortgaqee. Any dnfault undor fhis paragraph ehull be dqrmed e drfnult in . .
<br /> � ' pnyment n( taxi�s - � assessrtients, � nr similar ch:vgas- rrquired . hrreundee. ` . . . . � � � . . . � ; � .
<br /> � . . . ' Th�� A4ortgagor . agre��s � thxt . there shall al.o be addrd . to each mnnthly payment o( �. principal and inlere:;t requirnd here- � � � .
<br /> � under an amount estimnted by thc Mortgagee tu bo sulficicnt tn un;�ble lhc A�tortg;�gce to pny. as il becomr•v dai�. thr� insuriinre
<br /> � premium un any insuranee palicy dclivered t�> the A9urtgat;er. Any d��ficiency brcausc• uf � ho insidficiency uf such additionnl ��ay� � � � � � .
<br /> , ments� shnll he forthwith deposifed by lhr �7nrlgagiir e•ilh th�� 1lnrigagce u�>on demand� hy ihe A1drl�;agcc. Any default under this . .
<br /> ptungraph s6all Ix deemed a deLmll in Uic payment n( insutam'c pnvnimn�:. If 't6e polir� or poticict �li�ph>itrd ;uo surh n; Iromr. . .
<br /> uvmers or all risF pulicin.e, and thr depusils arr• in.ullici��nl to p:ry Uie rntim ��remium. thn D1nrtqagee map apply t}m depu,v�t to
<br /> ,,� . pay premiums vn riskc rcyuirod lu be insur�sl by lhis mo�lgn�r, �
<br /> �.� �� � I'ayrnonis madu by thr t�iurle.+iR�r under ihe u6nvc parnqrnphs may , at !he upliun n[ tLe Mnrlgagee, be heid by it and .
<br /> �.' � j cumrt�eag!ad :rith o;hcr xuch fun;::; nr it; ::v:n f,;n;:; for the paymeut � of such ite•m.s, nnd until so applied, surh paymenls am h��rebv �
<br /> . , pl��lgvd ns security (or th� unpaid balance uf lhe mnrlgage indebl��dn��ss. " .
<br /> : . 'I'o prucure, dcliver tn. and mnintain tor fhr b��nrGt o( thr btorign�ee during tl�c li(�• o( thi.s mnrtgaFe original policies and � �� . . .
<br /> � . rrnewnis there�f, dcli����red :it I�•ast ten days hefure the i•xpir:ition ut any such policies. in,uring a„ainst fire and other insurahle � �
<br /> { haz:irda, cusualtiea, und wnlingencii�e nv lhe :�fortgngee tn:�y rn{uire, in nn nmount equal to the indi•btedness xecured by this
<br /> : T�9ortgage. und in mmp�ini�rs ucceplable ta t6r �lurlgag�•e. with lov, p�yahlc cluusr in (t«�ur o[ und in torm arrcptabli� �o the 5t��rtqa� .
<br /> " � gee. In lhe r,vent any policy ie not reni�w�vl un ur buf��m Icn da�ys uf its rxpiration. lhe �lorl �;aKee mny procure insurunce ��n the
<br /> � . improvemcnis. puy Uir premium iherrfoq �md such sum shnll brc.mir immediat��ly dut� and pi+yable with intrrrst at th�� ratr. sel . �
<br /> _ furtti in said nott until pFiid :an:! tih:dl br secured by this mnrq:��g�•. I'ailurn nn the part nf lhr hfnrlgaour lo furnisl: sucti rer.e,.+�als .
<br /> " ns am herein re,K{uited or [nilurc lo pay any sumn adv:inc�d hrreundrr shalL at [he optinn o( the Slortgaga�, cnnstitute �� drtault
<br /> under the terms u( lhis murtgage. 'Phc- drlivery nf such poliri�•n sh;dl, m thr ovent o( default. constitule an assigntn��nt nf the un• � �
<br /> F�. �� eamed premium.
<br /> ��. . AnY sumx rra�ivi•d hy ihr \furlga�;ce by n•:uon nf luss or damnge insua�d ngainst may he re�ained by the ��torl�agec � . .
<br /> . ond applied tow-ard thn pnymrnt u[ lhe drbt h��n=6y secured, nr. ut the option of !he 1�]orlgagee, such sums either wholly ur in
<br /> f. �� purt may be psiid ovcr to ihe Alorfgagor tn b�� used ln u�pair such buildinKs or l0 6uild ' new buildings in their plaa� nr for nnY �
<br /> F� � other pu�pose or object salisfuclory Iu thr A1urig�ig�=� withuul �d(ectin�; tho lipn on the mottgage for the full amuunL securpd here. �
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<br /> hy btdure such pnyment �•ver tuuk pince �
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<br /> . 1b pro[nptly rep:iiq resfore ur rebuild any buildin�;s nr i�nprovements now ur hrrea[ter on the premisvs which may be- .
<br /> �, ce:r.e dumnged or destroycd ; to keep said premises in g«�d condition and repair and tree frorn any mechanic'x lien or othrr lien nr
<br /> claim o( lien not expressly sulxirditiated to llm lien hercuL not to suller or permit any unl�wful use u( ur any nuisance to r•>ise on . . � .
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<br /> , . said property nor to permit �.�usle r,n snid premises. nur tu do nny other act •.vherebc the pruperty hereby conveYed shull Ix�com�
<br /> .�- � letis valuablc. rwr tu diminish or impair its valuo by anp act or nmissfun t� � :icL tn carn� �lp H�ilh all rcqui «•menls of laH• with r�tipt•cl
<br /> ;� � tn the morigaged premisrs and the use thercuf. . .
<br /> � 7'h.d should lhe premia•.v ur :my P��rt iLen•o( txr I .ik�•n �ir d:�mn�;ed by rrason nf an>' public improvcmrnf or condrmnation
<br /> `; �� proceeding. or under thc righl u( eminrnl domain. � �r in an� uther manner. the �tnrtga�;e�• shall be entrtted to all cumpen=atinns.
<br /> � . awurds, and �ny other p�yment or rrlii�( lherefur, and sh.dl be entitled, xt it.s nptinn, tn cummcnce. a�ppenr in �tnd pru,ecute in iLs ��
<br /> � �. . o�vn name any :tclion or prceeeding, ur tu make any cumpromisr ur selUemcnt in connection wilh sucl� takinf: ur damage. All s�th
<br /> �, compensution, ewards, dumnges, right u( aclion and proceeds .ve hereby assigned tu the Morigagee, who muy, a(ler dedvcling
<br /> Ihemtrom ull ils expenses, rcleuse any muneys s<i rrceivrd by it or npply the snme on any indeMedness secured hemby. 7'hc Mort- _
<br /> � � . gugor ngfees to eXecUte such fu::her assignmenis ol �mV comp�•n+atiun. awards, damagi�s. and nghls nl ac[ion ami procerri.s ac ihe �
<br /> � NortgaQec muy rnquire.
<br /> � - 1'hat in Case o( (ailure to per(urm .iny uf t6v cuven:�nts herrin. lh�� \lorlgagce muy du nn the �lorltiagor's b�•hxlC rvrrylhing .
<br /> � � so cnvenanted: that lhe 11ort �a �i•e mu also du an act ii ���:.y dee- ❑, _ . •-^• •hr !u.a rti...�...r. ��.,r �V,.. pt.,.� �.arnr u�ill
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<br /> " ' repny upon dem�nd any muneys pnid or disbursed by fhe h4ortgagrr (or any of the ahm�c purpcxes, nnd such monrys togetfier with .
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<br /> � . � interest thereon ut the rnte pruvided in said note shall become so much additionnl indebledness here6y tiecured nnd muy M� im .
<br /> cluded in ttny decrrr (oreclosiug lhis murtga�e and ba paid uut o[ the rentk nr proceeds uf snle o( said premises i( not othenvisa � .
<br /> puid: ttmt it shall �mt be ubligalory upnn the \1nrlgagee lo inquire intu thi� validity o[ nny lien. �mcumbrances, ur claim in ad- .
<br /> � vancinR moneys us above uuthvrized, but nulhing herein rontnined shall t� construud as r�K�uirin�; lhe �turtFugcu tu nd�ance nny
<br /> �- moneys [or nny such purFwse nur tu Jo uny uct hercunder, and thxt �forlgngee shull nut incur any persunal livbilily brcause of any- - .
<br /> . thinq it may � do or umit to do hereundee ". '
<br /> Jn lhe event of thr de(ault bv Murtgngnr ir. the payment of any installmunt, ns required by thr� Note secured hereby, or ,
<br /> in the per(ormamce o( thc ohligation in this mortgagr or in the notr secured lhereby, the 11ort�agce shull be entilled to drelare lhe � �
<br /> debt secured hereby due and p�yahle without nu�ice, and lhe �torlgagve shalt bc entiLled nl i(s oplion, wilhout notice, either hy iLsel(
<br /> or Iry u mttiver ln be appuinted hy the rnurt thereof. :md without reFnrd to lhe adeqtmcy o[ �ny securilr (ur thr indebtedness u•�
<br /> � curtxl hereby, to enler upt�n und Lukc pnssetision� of the murlgnged premi=_ey, and to collrct and reanivr �hr n•nts. i.nurs nnd profita
<br /> � theteo(, nnd apply the wtne. Jess costs u( u�mratiun and cnllection, upon lhr indeblednecs secured by this morlgage; said renls,
<br /> �. issues and profiLs Ueing hereby asnigned to the �turlFag��e ns furthrr �c•curily for the paymrnt o( ali indeblrrinrss srcurecl hereby.
<br /> f 'i'he Morlgngec shcill hnve thc powcr to appoint nny :�Kent or aAen�s it may de�ire for lhe purpose o( rrpairing said prrm•
<br /> ises; rentinq lhe same; collecting the rents, recenues and income, :vid it may pay out uf said income all cxprnses innirred in rent-
<br /> ing ancl managing the same and uf cnllecting the rentals lhemlrom. The balance remaining, if any, shnll hr applied townrd the ., ! �; ,�. r
<br /> , discharga of the modgnge indeblednews. This ascignment is tn lcrminnti� and becnme null and void upon reli�nx• uf this mortgaRe. � � . . .
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