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<br />�' 7"4i���iTGAGOR . FURTII�R . COVENANTS AND AGREGS:
<br /> . � 'Phabthe .Mortgngor will �pay, thrindebtedness� ns� hereinbe[ore� prnvided: . � � . � � � � � � � . � �. � .
<br /> � - � That the Mortgagor is the ��dwner of said pro�>crty in fer simplc �nd has qorK! right and lnw[ul aulhorit}• to n��ll and � � . � � � � .
<br /> , � � comey the same nnd lhnt . the seme is,free end cleur o[ uny lien or rncumhrnnce; und. Yhat 1�1urlFagor will w-urrant and defvnd the . . � � .
<br /> litle lo said �.premises ugainat .. the . claitns �if -�alP� persuns whomsnever. . , �
<br /> . . � �. To pay� immedintely whrn ��lue�and -pnyuble � all . genern! L•ixrs, s��n'iat � fuxcs, sperial usxe+mrnts, watvr chrarges, scwrr srrv. � �- � . . . � � .
<br /> � ice dmr�;rs. . arid �-other �txxes and churges ugainst �said proprrly. and all Inzes Ir.vird un lhe �tebt secwrd I�ere6y. anJ lu furnish Iha � � . � .
<br /> � ?rforfgagee, upon.. � nquest,�. wilt� �-�.thc � oriy�nnf - or .�duP�icalr receipts I.herrfur. 'Che \ir>rt�;agnr agre�rs 46at lhere shull �. be addad to . '. � � . . �
<br /> . . � each monthly payment required hore�mder ��r. under ihe evidunce uf Jebt secumd h��rebg un anmunt rstirnnt��d I�y lhr �iottgagea . . . � .
<br /> � . � to �he suQicient`-ta ennbie`:thr. T7oTlgagee��to pay, us thny become duc, atFtaxes asscvsmenL. niid � similar churFra u��n lhe prem: . . � � . � .
<br /> � . ixs � suLject thereto; � nny� drficioncy Fx�cxuse � of thii in;uffici��ncy nF such � uddiliiinai � p6Ynu•�its shall be � fr�rthviith � �deposiled by thr � � �.. � ' .
<br /> . . .�iortgagor cvith thr. 1lurtgagee upon demnnd by lhe Alnrtgagce, .4ny default undi•r this paragraph shnll 6F dcrmed n deCa�dt in . .
<br /> � pny4nent-� oC � lax�v, � asvessmr,nta. nr � similar ch.ttg�'s required hurcunJec. �. � : . � . � � � . . � . � . . . .
<br /> �.�: � . . � . . . . . . � . . � . . �_ . . . �
<br /> - . 'PI�e . Mnrt�ugor agiees that there �hnll . �elso iie added-. [o� euch mnnthly payment o( principal .mid iuli�rrst required � hero- . . � �
<br /> �. under an umount ��stimu6•J by f.he hSortgagrr to be siil6cient tu enab�c the Aforl �;a;;e�• tu p�+y , ns it hrconu•s duo, t6e insurancr� �. . . � �
<br /> � prrrniwn uri any insurana+ Ewlicy deiicered to lhe ?.lertgageu. :Any J�•fiti��ncy bectuise nf lhe insidfiriency o( ;ucb � a�lditional pny � � � � . �
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<br /> � � : � ments sfir�ll � 6r forlh�4ith �deposited by the Mnrtgagor� •.vith ihc Mortgngre� upun d�mand by thr Aiortga�;ce Any �dN(tlult �iuder this . . . . � .
<br /> � purngraph shall fxr Jcrmed a defxull in ihe paynuenl �of insurance premiums. If Ihe �xAiop ur polirics <li�po:ited are such .rs Imme- � . : .
<br /> " uwnrrs or all risk policics, and the Jeposils are insuflicicni tn pay lh�- entire prrtnium, the .11nrtgagee ma}� apply thr dr�prnit io - . . .
<br /> ' . pay premimns on risks requirrd tn he insunsl h}� this moriF;age. . � � . . . � .
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<br /> i �. . ' PavmenLS made hy thc ?�7ortgagor undor ihn aLov� paru�;ra�rhs m,ry. at tho nptimi r,( thr \1ortgagee. . Le � held �..Ly� il , nnrl .
<br /> � � cnmr.�ingled ���ith other. such fwids nr its uwn (w�ds fur tlic paymrnt of surh i(�m=. and witil sn applicd. such paymenEs-riie'fic�ra6y � �� .
<br /> '� � � ple�i�;ed a�s srcurity for thr unpaid bal;mcr nt lho mort„nge indebledness. � . . . . . . .
<br /> 7'o pr�icurr. deliver tn. and maintain tur tho beni•til o( the '.linrtgagco during the� life n[ thi=. mortgage nri�:inal pnlirii•s und � . . . .
<br /> rene.a�als there�t. delivered :�t ltmst t�-n daYs I.rtr,re Ihe .�xpir.�tiou of :uiy such ��alic.ic;, iraunn�. r3gainst fire snd othor in;urat;le - � . . � �
<br /> � haz:vds, cssualties, nnd co�tingencics ns lhe ?�Sortgagec may require, in mi .+mount equnl to ihr. indehtednes, securcrl b,y- thi;i � �� � � . �
<br /> . � Mortgege. nnd in cumpnnies .�ccep4nble !o the 4fortg�g�e. ���ii !i luss pa}'able cl3u.se in f,�vor of :md in t�;rm ucceptahicr Ia Ihe 1lortgn- � . . � .
<br /> f� � . Ree. In the event any pulicy is nut rrn�•wrJ un ur b��fure ten d�rv., u( il, expiratinn. ihe VunK�+;��•, may procurr. ins�irancc. on t.he � � .
<br /> irnprovements. Pay thr premium Ihc-rr(nr, and such sum shall Lcc�me iuvnecliatuly �hie �nd �myanlc witl: interrst at tha rrrr sei � ' .
<br /> '.... furfh in said nole until paid and sh.�ll lu• .;ecurrd bv this murt;;agr. 1'a�ilure on th�• part of iLe �tnrtgagur lo turni>h such rrnc-wals � . . . � . .
<br /> � as are herein r�7uimd ur biilare tu pny :my sum, :adv:inced h��n�und��r shall. at the opti�m n[ dw Vtorlgagve. cr,nstitule :� dr(ault . � .
<br /> under the lerms o! fhis murt�age. 'f'iie di•licrry o( suc}� pnli<•ies ,h:Jl, in th�• event nf dr(ault. connLinde an assiv.nmi•nt u( the un� . �
<br /> ?� � � earn�sl premium. - . �
<br /> � Any 5um5 recei�rd 6�� thr \lurlgagec h�� maann uf lu�'-s ur d;image insurcd at:�ins[ maq Fe «ti:�ined Ly lhP \lcrtgsgec . . .
<br /> �} � � � ;+nd upplied lownrd ihe p�iyment o[ Ih�� drbt hercb}� srcureri. uc ei ! the optiun o( th�• `.!url;;a�;ee, such sums either �aholll" ��r in � .
<br /> - purt may be paid over tu lhe Dfurf �;ngnr to ix used to r��pair tiuch l�uildin�s or lo builr! ' new buildings in their place� nr fnr sny . .
<br /> �� � oUier Purpose u7 o6ject salis(netury lu tlu� TfurtgaFe<= •n�ilhnu[ afi�•etinti ! he li�•n on thF• mortgage (ur thr [ull uruuunt srnirrd here . . . . .
<br /> ,`��., by beforr such P�Yrncnt ever t�x�k place. � �
<br /> �. .. 1•u promptly repair. rostore ur rebuild nny buildings nr impru���•ments nu�r ur iirn•aftar on the prt•miar•s whicii may t�e� . . . . . . � .. �
<br /> G. cumr drunagc�l or destroytyl ; lo krep said pn•misi�s in FrN�d cundi [ion and repair tmd fri=r. from any mt�chanic's li.-n or uthr. r lirn or
<br /> �: � claim u[ lirn nnt exprnssly subordinaied lo the lirn hemoC nm in suR��r nr p��rmit any unlaw-ful u;e of ur anv nuisance� ta exist on . .
<br /> "� . : said pruperty nur to prnnit waste un s�id prumises . nur t�.� d�� any uther ect wher«•bp tn�� prnperty hen-by convevrd shall brcome �
<br /> less valuahlr., nur to diminish ur irnpuir iLs vuh�e Ly any act nr mnissinn tu act tn cmnpk •.vith all ,-� �qwrrmrnts nf L-�w �aith n•tipect
<br /> - � to Itie mor�gaged premises and lhe usr thrreof.
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<br /> :�� . . 'lhat should the premises or nny part Ihereuf �• tuken or damaged Ly rrn.un uf �any puLlic impro:ement ur condemnation . . .
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<br /> . pruceeding. or under Lhe rigid uf eminent domaiti. or in �mY alhcr manner, the �lnrtgagr�• ;hall br enlitled to till comP�nsations, . �
<br /> �- award�, nnd any other paymrnt or n•licd therrfor, ssnd �haif he entitfod, at it; n�itinn, tn cnmmenre. ;�ppi•nr in anrl proe,etiute in iL5 �
<br /> oµn nume any aciiun or proceeding. or tu make any compromise ur setilement in cunnection with sucii lakina nr damage. All such
<br /> �. . .. compensation. awerde, d�mag�s. right of ,�clinn nnd prncenls are hrrehy assigned tn the ."Aurl �agec. w�hu nin�'. ahcr drdurUng
<br /> ' . them(rom nll its eYpensca, release nny muneys Nn rrceivrd by it i�r apply the same un :my indebtedness secured herrrtLY. 'I'}�,. \9orn .
<br /> ga�or agrees to execule such further ussignmcnls nf nny comp<•nsation, awarJs, d;im:igra, und n�;hta uf aclfun and prorei�Js a; the
<br /> r.� TfurtKeqermay requirr.�
<br /> That in cxse ot (uilure to per(orm any of thr covrnants hivein. th.• �lurlgagee may dn un thr \1nrtKag�ir�s tu�bal( �•.�erylhing
<br /> �, so cuvrnented; that the �Sorlgagee may also du any act it rnay deem m�a�ssarv lu protect the lien Ifien•of; that ihe pinrl�;aKor will -
<br /> � repay upon demand any moneys paid ar disbursed by th<� Alortgagec far nny of the abovr. nurperes. and �ucL moneys tugrttier with
<br /> inten�sl Uierron nt the ru[e provided in seid nol�• shall b.�cum�• sn much ��dddi�mal inrlebirrincss herrhy s�•rured and muy Im in-
<br /> ' � cluded in any decrce (urrclosin�; this mur(gage and Ix� paid uut of the n•nCs ur procrrds u( sale of said premises if not othenaim
<br /> �u;d; ehae il sholl not be obligalory upon the Dtort�agee to inquin• iuto Ihr v.ilidity uf any lien. �•ncumbrances. ur claim in ad-
<br /> . vuncing moneys as xbove aulhorized, hut nothinF herein contnined shall be cvnstrurd us r�quiring 1l�e Alortgagee 1u �dvanre any � �
<br /> moneyn for any such pur{wse nor tu do uny act hereunder; and thnt 11orlKaFir shall not incur �ny perwna( liability hrcausr ot any- - -- ��
<br /> r lhing it may do or umit tn du hereundea � ",`
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<br /> - In the event of the defeult by �1ort�;agur in ihr payment ot ony inst •r.11ment, as .rcyuircd hy thr .1'ote �ecurrd herrby. or ,
<br /> , in lhe �rformencr of the obli�:atinn in this tnorlgagr ur in the nute u�currd lhetErby, the \iurtgagee s}�all be rntitled tr� drdare thr
<br /> debt secured }iereby due and payu6le N'l(}I�O� p0'1!'l', UIl(j �F1C S'IOLLKiI�(C 5}lall be entiUed nt its uption, �riliioul n�,tire, �ither hy iLcelf
<br /> nr by a receiver to be appuinta� by the court th: �-. ���of, �nd without regard to the adequacy nf any security (nr lhr indebtednees se�
<br /> � cured herehy, to � enter upun and take possession of the mnrtqnged premises, nnd to coilect and mreivr thr rcnts. issues rmd prufits
<br /> � tt�ereof, nnd apply the Rvne�. .lese costs of opernlion and mlleclion, upon tht• indehtednesv necurr�d by this morfgnge; suid «nts,
<br /> � icsuc� end profifs being hereby essigned to the AlortgaRee ns (urther nerurity Jor the payment of all indcbirdnesc s�n•urrd hereby. �
<br /> Thi• Dtorlgagee shall have the pou�cr lo appoint uny agent or .+genls i[ may desire for the purpase u( repairing u+id prem- " � � ' K� -� '
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<br /> : ises: renting the eame; collecting the renls, revenues and income, :uid it ma}• pay out ot said income all expenses incurr�d in rent- � � � ��i!� �;�
<br /> . ing and mnnaging lhe same and of collecting the rentals Iherefrom. 'The balance remaining, if auy, shali 6e applied toward the . �' ;;
<br /> � � discharge o! the mortgage indebtedness. This assignment is to terminale and brcnmr nu11 :md �•oid u �wn n•I.•:i��• ��f this mortKaFe. � � ,.
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