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<br /> TF(E A40RTGAGOR FURTHER C�VENANTS AND AGREES:
<br /> ��� � � . � 'fhut �the Mortgngor will � pay �the inde6tedneu� as hereinheforc prmided. . . � . . �
<br /> � � . That the � Mortgngor is �he.� Awner nf snid property . in fce sitnpie nnd hns good righl and lax�ful aulhorily lo scll and . . . � .. . � � � � �
<br /> ; �. . cunvey the s��me and t6nt the hnme. is freP xnd clee�r o( nny Iien or encumbrnnc��: :uid that hlnrlgaqnr will wnrr:in�. ,�nd rle(end the . � � . . .
<br /> litle to suid premi�es aqninvt the � ciaiims uf all � persons�� whoms�ovec.
<br /> � 'Po pay �� immediatel},., when due �nncl piryable nll ge�icral t.�zics. sp�.cial� tnxes, speci:31 asur�vnonis. N�nl��r rhurges, scunr s�rv-. . . . . .
<br /> � � ice chargec, and olher ti�xeas � and chrarge�s n�y;ainat .said prnperlY, : nnd all la�es Ievied un thc deht scrurrd hereliv. and lo (urnish ihe � . .
<br /> . . . \lortgagee. u{x>n request. �vith the originnl . ur duylicate receipls. �.l�icrelur. �1�hr �iorlgagnr agrr��s thnt lhere shall be nddi�d !�� � . � :
<br /> end� monihly pnYmenl�. rci�uired hcr��und�•r nr �undur ihr evidrncr of d��bt sc�i•urrd h��reby pn amnunt rslimated 6y Ihc 11orh,;xgee . . .
<br /> � � lo � be suQicient` to�. ertebli�� Ihe �1otlgngee- to pay. ns thry 6ecome� dur. :JI �taxes, n:;seSsmn.fda. �aid similar cLnr�rs u�a�n the prem• � � . �� . ..�. . .
<br /> � .. ises <uhjec:t � Lhereto; any. ..drftcicncv �brcn�is�� of the iusufiicirncy uC vui•h vddilional pifyments ahall be f��rthwith - de��aaited tiy tho � � . � .
<br /> nlorlgago[ � �vilh L!w :�torlgn�;��e� upun demand h)' thc \iorlgatire. Any deGnilt, undur lhis paral;rnph s}�all hi� drrmrd a e6�L•wlt in � .
<br /> ` � payment o! tnzes, ns.aescmenis. x�r similar rhargi+s require�{ h��n•undec �. . � . . . . . . � � . . . . . . � . .
<br /> . . ,I'hr Dtorq;a�nr agmr; tiiat ther�• sl�all also bt� ;�dded tu . i�uc6 munthly pa��inrnt nf principul and inl��.r�-s4 re,quiredJiere.- . . � . . . � � �
<br /> under nn nmount estimale�l i�v tho 11ur�gt�gee Li be yuflicienl tu � rnal,le thr Ainrlga:;��i• tu pny. a:, it hecnmec di���. thr, insurnnce � . . � .
<br /> r �. � premium on nn}• insurmcr pulic�� d�rli��rred to th� Sfortg;igce. :\ny deficiincy brcmise �.�f llir insnHicienc}� u( yuch adrlitionnl pay- . � � � . .
<br /> . ments-.chnll be torthwit6 depu=itc�i hy the M�rtgng��r �cith tF:e AS �i t �U;^,ri upun �dem�uid by tho3lurlgr+gee Any d��(ault- under this . � .
<br /> � p:ir�graph shnll FNe deerned a drfaull in tlie paym�nl uf ir�sur:mrc prrmium�s. If tlir. ' p�,licv or pnli�•ies depi�cited � are r;uch � as trom�•: �. . �
<br /> � . awoerx or tdl risk pnlicie9, r�nd fhe drpncifs ;� rr imu(ficiri�t fu pay th�. �rnlim pmmitun, thr :�tnrlgnFec m:�y appls fhe dopo,cil tn . . .
<br /> . pny prrmiums on riskv r��quired in be insured by this mnrt�;a,re. . . � .
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<br /> � Paymrtnl.s made hy th�� A1urt�agor undrr the rzMnac psr�gr:iphs mn}�, at � ! hn option of t6r Murlgap��n. Lo �lh�lil' Fy it and�� �� � . � � �
<br /> '+ � � commingled x�ith other surh fin:ds nr its own fnnds tur the paym��:it of .surh ilenis. and w�til sn ;���pli�d, such paymrvnts are hereby '. . �� �
<br /> - . pl��lged ns srrurily for Ihr unpaid bnl:mce uf tlie mnrlgage. indehledness: � . � .
<br /> � ; . 7b procure, drlirer U,, and mxintain fur thr hen�=lit of lhe Atnrt,;:�gce d�iring thr life o[ thin murt{,:�ge originnl palici.�s :ind � . .
<br /> Q, "; renewals then�f, deliverrd al Irast ter� day.� le•fnrr � fhn ��xPirntiun uf :�r.p ;uch policirs. inc��ring against. fire nnd uthe.r insurable �. . � � �
<br /> � h:ur�rds, rasualtii�s, iind mntingenciew xs tt�c Afnrt�;ngi•c tn:ip rrquire, in nn amount rqunl tn the indebtedne4v securetl by this . � � . . �
<br /> ' � lfortga�;e. m�d in companics r.r.crptaLle tn the Nort�;a�ro. . a�i�h lu,:, p:i�;ibl�• cl:iuse in (nsor oi and in form lirerptahl�• in ihr Si�rii;u. . � . � .
<br /> '' � ' gee. In th�� event nn�• puliey is nnt rrne•wed ��n ur b��fure h�n d:�ys of it; �•zpiratinn. tL�� �Snrigager moy prncure in,uranci� un the -
<br /> +��.: � ; imprm�emenLs. pn,V tku• pr��mium th��re(oc nnd =uch sum shail 6i�c:,�r:e immediatrh• due :and payahle widi inlerest at Ihe ra �r ;et � �
<br /> forth in eaid notc until p;iid ;ind ,hnli lx• .ccurrd bv this rno� �g�g�e. I`ailur�. on thr p� rt nf thc 9lurtgngor �u furni�h such r�n��wnl9 � �
<br /> as are herein n•quin•d ur (ailurc lo pny uny siims advnnced hrrrund��r .vhull. af ll�r optiun of IhP �tortgapeF. ennstitute a drtault
<br /> tuider ihe trrnis of thix mort�:age. "I'he d.�lit�ery nf such pnlivirs -hsll . in thr �•v��nt of di•faiJt. r„nstitule an :�.sit;nmi�nt uf tiu� �m- . � � �
<br /> , enrnr�i promium. �� . � �
<br /> '�;.. � An}' sums re�'��ived Ly U:c \1r,rf�;agce 6q rea,un u( lu�;, nr dam:i;;c imurcd a �:ainst man c� reV�ined tn• Ihr \{urlgageo . � � .
<br /> tmd applied toward the pnpm�•nl o( Ih�� d��bt lirrrbp srcur�•d. ur. :� t ti�rt uption o( ! h�� 11ort�agre. such sums cither wholh' nr in - � � �
<br /> pu[t ma}' be paid over tn dm 91vrlKagur lo I.� �.tsrJ tn repnir ;uch bttildin�;s or to Luild ' new buildinqs in their plar�� ar tur nny
<br /> r... ; olher purpose or oLjrct ci� isfacfury (o tiv� Alurt�agw� with�iut ;dT�ctin�; thr lien nn thc mortgage for thF� full nmount srcured here- � . .
<br /> bq be[ure such payment ev��r tix>k phim. �
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<br /> Tu prumpUy rrpair. rrslorc nr rebuild anY Luildings nr improcernrnLs now ur hereaRer �m lhe premises whidi may be• �
<br /> ;�- come damaged or destroy�ai ; tn kecp said pr�•�ni�es in �;«�d c�,ndiiir�n nn�i repair and [rro [rom any mechanic�'z lirn ur nther lien nr -. . . .
<br /> �', clnim of lirn not expressly cutn,rdinuled to � hc lirn hrn.uf�. nut tn ,uf(er ��r permit any �.nilaa(ul u.5� of nr am nuisance to rxist un � .
<br /> � � ' snid properly nur to p��rmit wasle on suid premises. uur lu dr� mp• r,Yhe�r :irt uh��r�•by the prnperty harr6y ri-,m•cyed shnll !x•come -
<br /> Iess vuluuble. nor to diminish ur impair its valuc 6y ;iny art o: umi,.iun in aet : t�� cnmpl�� with all rrqufn•menlc of I.iu- with respect
<br /> to the mortgag�•d premisrs nnd Ihe uce thrrenL �
<br /> J � That should th<• premises ur enp pnrt ihereo[ Ir I ��ken �� r d;un.�god hy nm�� �n uf xm� pufrlic imprm�emrnl or cundemnation . � .
<br /> 1,. . proceeding. o� under lhc right o[ rininent dom:iin. ur in anp olhcr mtu�nt�r. Uic \for( {;agNr sLall b�, en� illed to aR coinP�'nsaliuns, �
<br /> �' ��! awnrdc, and uny uther pt�ymerrt or rnliuf ll�erv[ur, aud slmlt bc emtitled. et its up� iuri, m commence, nppi�ar in and pnaitrute in iLs
<br /> ; ' nwn mune anp eclion ur p��vlrrdin4. ��r lu maki• any cumprotnise or setUrmeN. in ronnrcfivn �vith such (aking <�r dnmage. All such .
<br /> rco�nperuc+liun. av.�nrds, dnmagcs. right of nclion .snd pruccida :�re heroM1p :�.,sitined tn thr� :1lortg:�4ua. whn m:�y. :�(tcr d.�Ju��� in�:
<br /> there[rom atl ils expenses, relense xny moneys so rec -rived by it ��r npply the vame on any indebledness secured hereby. 7'he Sl�irt• �
<br /> �� gngor ugmi�s to execule auch (urther assignments nf nny enmpensauun, awards, d;�mages, anJ rights o( nction and ��romi•ds as th�
<br /> �. � : hlorlgagee may rrquire.
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<br /> � T �I�hat in casr o( (allure lo per(urm an)' o( � hr rucenant� hrrrin. � hr \lurlgagci� may du on Ihr 11orl;;agor's bi•h;0f e�•�•n�thing
<br /> v� covrnunted: lhat the \fortgagce mny r11so du nny act it may di�rm nrcr;sary In prutecl lhe lirn thrrru(: thnl � hi• 1lnrigagnr aill
<br /> . repny upon demand � anY moneys paid or dishuned by the \lorlgagre (ur any of lhe abuve purpcai•s. nnd such mnnr>•s logrtlicr aith
<br /> interc�l thereon nt fhe r.de prmidrd in said noti� sh��il become so mucL addilion:d indebtodnrss h��rel�q securrd tmd may !x� in-
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<br /> cluded in unY decree (ontilosin� tliis murlFage and In� paid nut. o ( ih�� renls or pruceedv o( sali• of said premisra if nol uthvn+•ise �
<br /> paid; that it sh¢II not Lc ubligalory upon thr Alorlgngc� In inquirc iNu thr. validil�' o( any lirn. oncumhrancr<. or claim in nd. .- .
<br /> � ! vnr.cing muneys ns ubove authorized, but nuthing herein rnntnined shall br conslrurd as ne�uinnK the 2.lortgagee tu ridvance rinq . �
<br /> moneys lur any such purpose nor to do uny act hemunder; and thut Atortgagce sh.i!I not incur nny persuuul liabilitv Iw•rausr of anv • '. �
<br /> j[ � �z thing it muy do or omit �a do hereunder. � � -
<br /> �; •���,, In tlie cveN nf the de[xult 6y �forlga�;or in thr pnyment nf :�ny instidlmont . as mquirt•d hy lh�� Nul �� �ccurrd hcre6y. or ..
<br /> '. in ihe per(ormanCe o( the ohligaliun in this mott�agr ar in the note cecured thereby, the \tortgagee shall be imtitlyd lo d��clarc the
<br /> 4, .. debt secureJ herehy due und pnyable witlwut notice, and lhn 1lortg�gee shall be rntiUed nt its uptiun �aithnut n<�lirr, either by it:+�•!I
<br /> or by +i recciver lo ix� nppuint�Yl by the court thenk�f, tmd �vithout regatd to the ad�uacy �+t nny security for lhe indeblednrss .e
<br /> � cured hereby, to enter upan :tnd tnke posJessind cif thc mortgaged premi�cs, nnd tn collect nnd receivr th� mnts, issuc•s nnd profils
<br /> Ihereu(, and upply U�e snme, .less co3ts of o�x•rUtion 3nd collection, upnn the indebtivinrss .ecured by this mort�;nge; snid rente.
<br /> iwcues nnd profi4s bring hereby nssignrd �tu the lfortg:igoe Ha further vrcurity for thr paytn�nt nf uli indrbt�•dm•ss srcurt�d hem6y.
<br /> 7'h� 1lorlga�er shall hnve the pawer lu nppoiut any :�gent ur ngenis it may desire fnr the purpase of mpairing s�id prem- � .
<br /> . ises; renUng the satne; rnllecting thi� rcmLs, revenurs an<i incume, and it may p�y out o( said incmne nll exprnses inntrnrl in rrnt- � �
<br /> inF und managing the name nnd u( collecting the runfuls therelrom. 1'he balance rrmninin�, if nny, shail hr applicd toward the � N •
<br /> ' dischorge of lhe mnrtgagc indc6teJness. This uasignment is la trrminato .md brcnme null and vuid u�Mn rrled�e• uf this mortgage � ' � �
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