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<br /> 76- QU6629
<br /> THE MORTGAGOR FURTHER COVENANTS AND AGRGES: ' '
<br /> � 'fhnt.:tho �Mortgngorwill� �pay � thr � indebtednessas � t�ereinbetnre � pr�rvided. . . . . . . � � . � � . � . .
<br /> That Uie Mortgflgur is the � ownrr af said prnperty in [re sirnple and hns go�d right :md lnw(ul authorily in scll and . . . � � . � � .
<br /> � ri r convey Ihr same and thaf� the same is tree and clear of miy lien or encurnbrance; �nd lhaE.�niortgagnr «�ill wnrranl 'and drfend the. - . . . . . .
<br /> ' title to s:�id -premises � ngainst �the��riniins- n( all per�ms whomsoevee . . . . . . . �
<br /> � � � To �Say � immediute�y when doo nnd � pnynble nll � general tnaes:. s-pecinl laxes; specinl axscssmi>nt5, watcr charges. sewrr srrv- . . . . � .
<br /> � ice clmrgry. nnd otFiertazes nnJ� c6nrges agninst said propr�rty. and �all lnxes luvird on thr drbt srcured hereby. and fo furniyh tho: . � � . . � � . . .
<br /> Mortgn�cc. Upan ri�qur•st. � �vilh`. thc original or duplicute receip(s Ihrrrelur. 7�hu '�1e�rtgagor aY,mes ttmt thero shnll be nddr�d tn . �
<br /> � each mnnthly pnyment mquired bt•n•under or under flic evidenci• nt d� ht si�eured hereby an an�ount estimated hy tiic Atortgagec . � . . . .
<br /> .' ' to be su(livienE :..to ennblel. lhe -� Morl{;aKee' to . pay, . as they brcumi� dua. t�ll lazes, nssi+ssments. tind similarchargirs �.upun the prem� . � � . � . . . � : .
<br /> � �. isr.a suhjecC tEtereto: � any defi�t. ni.y b�icause of the iiisuIIiricncy uf sui-ll ndditiunal p:�ymunls shull hr (nrlh���ilk- depo�iled bp �thr � . . . . . .
<br /> . . Murtgagor w•ilh the . Aforlgugcr upon dcinanJ bp Ibi� �lurtEm{;ee. Auy dt`G�ull undrr lhi+ pera�;raph shall he dr�emi=d a d�•f.iull in . . _ . .
<br /> payment � nf faxes. �� nssevstnents. nr �,yiniilar rharK�'+ roquired hercuadar. . . - � � . . . : . .
<br /> .< : � 'fhe ivtorlragbr agreev thnt th� n. shafl ��hn be udded tu �rach �nnnihl}' P �Yment nf {irincipal m�id inlerr:,t rcr.�uired . herr- . � � . � � . �
<br /> under an nmouut �stimati�rl by lhe '�tortgagec to b� sutiicient to ennble Ihe Afurtg i�ne to pay as it brcorn��c du� , the � insurance . . . . .
<br /> c. . . . �iremfum r,n any . insurance pulicy d�livered to th�• Murtgnger. Any deficicncy brcause o( llu� insufliciency n( such additiuruil p:ry'- � . � �
<br /> � ments' shell h<• fnrthwith drpasitrd 6y ihr � Mortgagur w�ith tlir 11nr�Fagrc u�x�n �d� m.uid hy tli�� S4urfgatici Any d�•fnul[ � undur this . .
<br /> . . paragraph shnll Ix� d��«�merl ;� def�ult in Ihr p;�ymrnt o[ inaur:mce prrmiums. I( the police or poli��ieti d� pn�i(rd are such as M�me- - � �
<br /> � � ow�ner3 or nll risk pulicies, and tho de�xisiLs :3re insuflicient tu pn:: !h�• ��ntire premium. the nforigagee m:rv :�pnl, . fhc d���osA !o .
<br /> �. ' puy prrmiums on risks required to Iu• insunvl hy this morlgag��. ' � � ,
<br /> I'aymen4s made. by tLe A9urt�:ngor undt;r tl�e :�barn p.�ragraph� may. nt the uption of the �7orlgager, hu I�rld � by it and ; � . .
<br /> � � � � commingled with uther such (unds nr it. ow�n f�mds forthr payme�d n( kuch itrms. nnd until so appli�d, such paymrnt: arc h��rrhy . . � .
<br /> plalged ns srcurity (or Ihr impaiid 6�lance o( f {�r murt�;age ind�°blednrss. . � . . . .
<br /> 1 . � � '1'n prcH�urc dcliver tn, and maintain for tlio b��nefit �,t ll�e ATnrlg�G�•<• dunn„ thi• lifr• uf this mort�;age un� in�l P�diries ;�n<t � � .
<br /> * renewals thercof. dolivrrr�d al least. trn de���e- Le(ure Ihn esp� r:� � i��n o( anv �uch p �l�cir.:, insurinK aR�inst 6m nnd uth��r: i»surn6le . _ .
<br /> hnzards, CA4OLIL1B9� and cvntingencies ns lhe M1t�t��'1�,FC Ill'JV' �f'(�4117C, 1!! nn nmount eqmd to the indebtedness secured'-Ly,�his � �
<br /> r . � Mortgage. ond in compunirs acceptnbh� tn Il�e '�ton},���,��e, �+�ith lo=n pnyablo clruse in fa��or u( and in torm accepl �able tu thr, 1'1o�tpa- � .
<br /> �� � gee. In the event an)' irulicp is r.ot renewed un nr L�dore len d.i� ; nf it �; ��xpirat�on. the Rtoctgage� rnay �irucure �nturnnce on'j�hC . . .
<br /> � improvemenL�;, pay lhe prcmiurn t6i�re(or. and �uch .. um :,h;ill 6ecame intmcdintcly due and p:tyable wilh mterest :�t tFe rafe �eC;i , .
<br /> � forth in said nute until p:�id ;ind shalt !k, srcur�•d Iry Ihis mnre�n�;c. I':ii!ure on the part o( the �turtgagor tn fum�sh such r�•niwals � � . _ :
<br /> TM � � as am herrin nK�uirrd ur [a�lure t�� p�iy any .,unis adv,inmd h� rrundc•r nh:ill. .rt fhe optinn nf dir :�fortgagce. cunsiilute a dr(uuh . .
<br /> � under the terms o( ttiis mort�;age. 'I'h�• drl�ven a[ such po!�cics sh:ill. ui tlrr �•� ent nf defnult , constitute nn as;iRnmrnl ut thi• un- .
<br /> k earnrd premium. . � . � �
<br /> � Any sums rrc��i��ed bp ine Afortg�ig��r ba rr•ason ��( luss w d.inuiKe imurr.d :�gainsL may he r��tained 6y thr Alurtgagee . . .
<br /> ; and appliml tow�ird the payment o( Ih�• dobl hereby .reumd . uc .il Uu� option u( the I�furlgagee, such smm rither wholly ur in .
<br /> " pnr! may bi• pnid oea•r tu ihe Dluttgagr,r tn lx� used tu repair such huildin4� or lu build ' ne��• bmldings in thrir plac�r ur for am• . .
<br /> �.' other Put�>se ur object uwfisLiclorv to lhe AluriR��i��'� withou( atT��ctir.g lh�• lien on the mortgage for ihe (idl :tmount s�•curcd liere� . .
<br /> . hy befure such payment ever trmk pincr. . .
<br /> � . Tu prumpllv rrpmr, nrsturc ur rcbuild ❑np buildin,;. nr unpru� rmrntti nn•h' ��r hrrr:dt�•r on Uic prrmises ahirh m:+y ho� . .
<br /> come damaged or deslrnyrd , In keop said premises in gixid conditivn ��nd r�pa� r 'snJ frer Gum any tn�c6�mic'F lien or other lirn or �
<br /> . claim uf licn nut expn•s>ly suleirdin:ded to lhe lien liereo(: m�t lu sufT�•r nr pi� rmit auy unla���ful usr uf or am� nuisanc�• ln raisl on
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<br /> t : said property nvr lu permit v:aste un snid premurs. nur tn dn anc oth��r act wh� � ,-�•by the pn,perty hereby cunveyed shall 1x�come
<br /> : � less valuable. uor tn �iminish or inr�air ils value iry• ang nct nr umi>,.siun lu net �. tn rnrnPlc with oll rrqwnrnienG nf law u�ith rvspect
<br /> R, �, to the mortgngud premises and thi• use thrreuf.
<br /> ,i� Thut should the premis�•s or any P�rt therrul Ir� � nk..n ur �L�maged by cr�r,uu ut �my public improrrment nr cundemnation . � � ..
<br /> proceecling. or under the right uf emim�nt dornain. ur in ��ny nther msnnrr. thr� Al�,;l�:a�;�•r shall hi� rnlilled tu all cr,mpensr�4ons. . .
<br /> � awards. nnd any other pn)'mcnt ur rrlir[ [herefur, and st�all be endtled. at its optian, m rnmmence. ��ppear in and prosecute m ilw
<br /> ou-n n:unr any action or prt,creding, ur �o rnake .ury cumprumisi� or sotllrmi�nt in cum�ectinn with such laking ur damage All such
<br /> ��� cumpensution. � uwards. dumngi�s. right of action and prur.•aiv are hereLy ns.=.ignvd tn � Im �lorlga�;<i•. �.�ho mey. after deJuclinR
<br /> �q them(rom nil iis expe�uex, nJeuse any moneys su rccerved by �t ur ;�pply the samc on eny indebtedness srCured hereby. �The \lorb
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<br /> guFor ugrc��s to rxecule sucii furlher uss�gnmrnls o( uny cumpen.:dwn. nu�.�rds. dama�grs. and rights uf nction and procrrds as lhe
<br /> ` M17ortgagee may reyuire.
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<br /> K . "I'hul in c•ssr of failure to perfurm :iny u! U�e cavrnanl. hi•rein. lh�• blurtgagee �miy du un Ihe �lorlK�i:��r's Ix�hxlf ev�•ryt}�ing
<br /> 'S. ' so �rovenunted; that lhe Dtort�;agee may :ilso du any acl it enay d�=em nri•��ssary tu prolect Ihe licn lhrrrof: th�t thr \inrlgagur H�ili
<br /> � re•pny upcm demand nny moneys paid Qf I�iSI)II �Sc(I LV �IIC lfortgay,re (nr nm of the aho��r purposes, and such muneys togetfier with
<br /> interesl lhercon ut thc rnle prcrvidrd in gnid nole shnll henime cn much ndditional indebtedm�ss hrreLy >.•rured nnd muy }�� in-
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<br /> cluded in emy decme foreclosing lhis murLgage and 6a pnid uut uf thi• rents nr prucecds id .alr of said premis�•s if not otherwise . .
<br /> i� paid: thnt it shall not be ubligalury u�wn lhe Atort�agre lo inquire iido � he calidily o( any Gen. !vuwnbrana•�. or claim in ad- �. .
<br /> {� �. � vuncin� moneys as atwve �uthorized, Lut nothing herein contained shall IKr cunstruid ns res�uiring the hlortgogec �u udsnnce any : .✓
<br /> � moneya !or any wich purpoae nor lu do nny uct hereunder; and thiut T1ortK+�FFe shall nnt incur any per�unal liability bec;�uso o( any- � „
<br /> � thing it moy do or r�mil tn du hercundcr. �-�
<br /> In thr event nf tL<� de(ault by hlurtgnP,��r in thr �Jayment of any installment. as requin•d hy ihe 1�'nlr �irured hrrcUy. or • .- •
<br /> in lhr performnnce ut lhe oblignlion in lhis mortgaK�• ��r in lhr nolr u�c'ured lhcrrhy. the Martgagee shall he rntiUi��d lo drelare Ihe ..
<br /> - d�bt secured hettby due and payahle withoul nofiee. nnd lh�� \1urlK�F�'�' shall he cnliUrd nt its upliun. wilhuul nn�ice. cither by itscll . .
<br /> . or by a re.reiver ln M� nppuinlcd bY the court therrof, and ��ithoul regard ln ihe ad��uaey of any security fur U�e indeblydnass v�-
<br /> cured hereby, to cnter upun and take pus'sessinn� rif thr morteaged premises, and to i�ollect and receive� thr nmis, issm•s and profits
<br /> � thereof, und npply the same. .les_v cosfs of o(mrntiou and �vllrction, u�x�n the indebtedness srcUred 6V Wis marlgnFe; said rents,
<br /> � isvues nnd profitv beinK hcreby assigned to thr ht�tttgag�•r a� further security for thcr p:iymcnt of all indebtrdnrss scavred hcrehy. .
<br /> � 7�hr blorlgager sliall hare the power to nppoint any agrnl or ag��nts i� may desre for tht• purpu;e o[ repairing �:�id prem - . .� !.� ij ��� � .
<br /> � ises: renling the aame; rnllectinK lhe ren6, revenues and income, nnd il may paY out of caid incume all ex��enses incurrnl in rent• , H �_: ,
<br /> � . � ing and munaging the stime and o( collecting thc rentala lhrrelrom. T6!• bnlnnce rcmaining, i( nny, shall h�• applied toward the � y'
<br /> dischnrRe o[ the mortgaqe indehtednc�ss. This a�:siRmnent is tn tarminatr and bernmr null and vnid u�um relr�i.r uf this mortgage. a
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