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<br /> THfi n40RTGAGOR rURTIiGR COVrNANTS AND AGRGPS:
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<br /> ' � '1'hat the Nlortgagnr will pny th�� inde6le�lnoss as Len�inbetorc� provided. � � �
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<br /> � ; � Tha6 lhe Alorlgagor iti � the owntv o( said properly in fce 5iinple � and hns �oud rigLt aml Inwful aidhr>rity tn sell :md � � .
<br /> coneey lhe sf�me aud thnt fhi�.s:�me �5 r�F•�� ,��,�i clenr u[ any liun or i•nc•umhr:�nce: and thal 11nrt�;r�gur tvill �varr:ml :md drfrnd the � . . � . :
<br /> �2 litle to snid premises atixinet lhe claimx u( all pursnns whomsoecer. , � � . � �
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<br /> .�� � . 'Pn p��y immedialely when due nnd payable •dl R�'�i�ml laxes. spNcinl t+ixes, specinl :iss��+snients. wafcr chargrs, scwer serv- � � �
<br /> � ire charg�w, and olhcr I,�zex and charges againat :�aid proprr�y, ;ind all t:axes levii�d on thc deht secvrcd hrn•b}•, and tu (urnish �he . � . .
<br /> -; I�lortgagee. u�wn rrv�uest. wilh the original nr duplicatc �eci�ipis t6erefoe � 7'hi• �forlgHgor a�;rrrv thnt the•r�� vhnll I�e udded tu � . . . .
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<br /> eaeh munthly ptryment rcquirrd hereimdrr or �mdcr thc cu•idenc�• u( dcbt secured hcre6p an amount estim+�lyd 6y Ihe• �lotiga�;eE� .
<br /> ' � -`a to be sullicient ln en�able the �4nrt�;agee . to pay, a.; Ihey h��rom�� dwr. alI tnxi�v. as;es,m�•nls. and similar charg��s upnn th�� prem• . . - . .
<br /> '� ius eubjc�ct. thereto: r�ny deliciency becauce n[ fh�+ insutlici�mty ut such ndJilionnl paym�•uts sh:ill b�� [orfhw�iih drposifed by ttu• � . � .
<br /> :� .i . nlnrfgugor with ihe Morlgagee upun demand by thc !11orl�;�i�;ec. Any drL•wlt under thi+ p��ra�;r;q�h sh.dl 6r dr�•mrd a drL•wlt in :" . � � . � �
<br /> .��._..�.i pnyment of taxrs, a�.s�svsmrNs, ur similar chi�rges requirrd heremidrr. � � . � � . . .
<br /> � � 'Phe I�lorfgr+gor agrees thirt Ihere shidl also br addrd tu i�arh munlhly p.iymenL �d principzd :uid interr,t rrquired 'nen•- �. � � . .
<br /> �� � under nn amount estimtrt�•d by the Dtortgag��e t<r br culTiri��nl In e�nabiv t6e A9ortgagre �u pay, a� it h��curni�s Jue, thc� insuranro � . . .
<br /> `�.. � premium un any insurunce policy deliverc•d tu lhe Alnrt�;aget�. An�� d��fic�iency brcwse uf iho insulficiency nf such addition�4 pay- � . . .
<br /> .` � ; menls sh;ill I�e forlhwith depusifed b}• the A1nrt�;a„or n•ith lhe M1] urty:aRoe upnn dvm�md by Ihe '�lorlga�ee. An}� de(:iult undi�r tliis . . . . .
<br /> .. � : i p:�rn�;raP�� shall Ix deemed a defF�ull in lLe payment of insar.ince prrmiums. i ( the pulic•y ur pnlicie�s d��pu;iti�d nrr such aw h�nm•- : � . . . .
<br /> >°'� ; uwners or all risk policies, and the di�posit� :ue insul(icienl tu p��y th�• ��nlire premium. the \1nrIR���er may npply lhi� deposit tn � . . . .
<br /> . . ' pay prrmiums un risks rcquircd lo be insured by lhis mortt;nKc. � � . . .
<br /> �� { Ys�ymeNs tnude by lhe �[nrtga„or widor Ihe above parngr�phv mnv, r�t. thc upliun u( the �1nrf{:agec�. bi• hrld l�v it :md : .
<br /> ? commin;;led wilh other such funds or i(s o���n funds fnr the paynumt uf suvh itrms. :md until so appliod. +uch pat�m��nls nr�• h��rrby .
<br /> �'' � P �IcKI ��KI as tircurit far the un � iid 6nl»nce of ihe mnrt i�;r indebt��dm�ss. � �
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<br /> :�� ��� 7'o procurc. deli�•er tu. and maintain (or the benefit n( lhe Jlort„aRre during th�� life u( lhis murtg.i�e nriginal policies and � . � . .�
<br /> - � renewuls thercrot, drliver�•d at Icatit ten days hef�uc the expiration u[ uny nuch pulicir�s. insuring ;�gainst (ire and nther incurable �. � � � . � .
<br /> ^� � ' hFiiarcls. catiunlliex. and contingencics as Ihe A7orlgnger m:rv nY{uirr. in ❑n arnmmt equnl tu ihr ind��btedness srcurnd hy this ' . � � .
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<br /> r�. � p4urtgngr, und in companies aceeptable lo fhr hforlgu�;c�e. with lass p:iyablr clause in (nvar uf and in form ac��ept:ihle tu ihe �lorlgt�- .. � � . .
<br /> r� `.i gee. In fhe event any pLGcy is not renewrd un or hrfum ti•n d:p�s o( its expiralion, the iltortt;agee �nay prurum in+urance on the � � � � �
<br /> improvements. pay the premium therefor. ;md such sum shelt becume imm��diul��l�' dur +md payabl�• H�ith int��rocl :rt thr r.itc� set � . . � . .
<br /> .. � � �3 (urth in said nute until paid tmd shull b�� .c•currrl by thin morlg�i�c�. Failurc on the part u( the Alor�Kugur to furni;h nuch r�•newuls _ � .
<br /> ns are herein rcNauired or (uilure lo paY nny sums adcanced hrreimder shalL •al lh�� option ut H�e binrt�;:i�;nr. �•onstitutr a drfaiult � .
<br /> � . � under fhe tern�s o( Q�is mortgagr. 7'he di•livery uf such pulici�•s shnll . in tho rv��nl o( deL•mll. con.elitule .in ac.ignment n( th�• ��n- ', � � �
<br /> �t .. j earned pretnium. . � � �
<br /> �' -� ; An.V sums recuived by thc \IortgaFr� by rcasun nf Insc or dmm�gr incnrrd atiainst may he rvtninvd by the �fort;:aGce �� � � �
<br /> � ' � r and applied tuward the paymenl u( Ihe debL hereby tircuri•d. or, at thi� option � nf �he �fortK�E;�'�. such sums ri� her whnlly nr in .. . . .
<br /> part may be paid uver to the Mnrlgagor tu tx� u�ed to rrpnir such huildin�s or tu build ne�c buildmgs m � 6eir pl+ici� ur for any - . � .
<br /> � ! uthr-r pu�P�S�' ��r objcct c:dislac�ory tn thc 11or��;af;re �vi� haul a�Trrtin;; Ih�� lii•n on Uu� mur��;ag�� for lhr (ull nmaunl �v�urrd hi�n•- . . . . . . . .
<br /> , Ly h�dore such paymi•nt en�r t�K�k placo. .
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<br /> , � To prumptly repnir. r��stnre or mbuild sny 6uildin�s or irnprue�•m��nt. nnw nr lien•aft�•r un thr premi:rs which map 6E•. . . . �
<br /> t " coma dtun.iged or Jestroyed : ln keep said prernisrs in �:�n�d cnnditiun and mp:iir :md fmi• fram ;my mrchunic'� lirn nr nth�•r lirn or �
<br /> 3,.. . clnim of lion not exprestily �uta�rdinated lu thi• li�•n her��n(: not tu ;idTer or p��rmi � any unla�c(ul usr uf ur nn�• nuisancr tn rxist an . . .
<br /> s.iid praperly nur tu p��rmit ��:��t�� nn s:�id ��rrmises. nur lu da ;nq• n� het net �cLen•bY the prnprrty lu�n�by e�um�eyed �;hall Ix•come . .
<br /> t� . ; Ie,s vtiluable. nur ta diminish ur i�up:iir il� v,due by ;in}' :�rt ar urni>sion tu �ict : tu c� :mp(c �vi� h :JI rrquim�nrnts uf 6iw' with rrspret � . � � .
<br /> . .} to thc mortFngrd pmmises :�nd Ih�• us�• tl�rrcoL � � . .
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<br /> . . 'I'het should the prt�rnisrn ur any p.irt themut IHr I��ken or danui�;ed bq rcasnn ut an}� pu6lir imProarm�•nt nr cundemna�inn .
<br /> �� . pnx:eedin�. or undor ihr ri�;hl o( rmineut domaui. ur in anY uther rna�nn��r. lhc \lurh;:��;ce sh.dl b�� culillcd In ;dl comprnsations.
<br /> ' . � awairda, aml any other P:6'�ne�d or rrlie[ thi�rrfor. mid .chnll be entiUed. aL itv optiun. fu cummenre. a{q�cur in �md pr�nctiute in iLs -
<br /> � ' uwn name any nction or pnxeudin�. ur tu make any rumprumise <�r seltlrmi�nt in cunnrcfiun x�ith sucL tukin� ��r dama�;a. All >ueh
<br /> compens-ation. :nv:� rd.s. damukes. riCht oi action anJ proce<•ds :ve herrhy a�,igned tn thr Alortl:��;:�'�. ���ho may, nfter drducliu� .
<br /> �� � fhrre(rom all its ezP�nsi�a. rtlensc any' ntuneys so rrceieed hy il ur �ipply �h�� s:uno on :�ny indobledness �rcured hrreby. 'Ch�� \1nrL .
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<br /> � gagor ugrci� tu excrute �uch furlher :�.signments uf any cumpen��rtiun. :n��ard.s. d:�mnc��.. :md ri�hts uf iu�tinn tmd pr�r�•rds ns the
<br /> .. DlorignRr�• mny requirr.
<br /> � � 't'hnt in case o( fnilure to per(nrm any o( the covenants herein, l6e ?�Sortgagee mi�y do on the 111ortgagors ��}���f e��ery-
<br /> � thing ao cwenunted; that lhe I�iortgagee mny also du any nct it muy deetn necessary to prote�ct thc lien thereo(: ihat thc hloct- �
<br /> ' . gagor will rep�iy upon demand uny moncys paid or disUursed by the hfortKliS�E [or any of the ubove purpuses, imd such moneye
<br /> •; � togclher with interest therc�n nt the rute provided in said nnte ehatl becrome so much additional inJrbteelnees hemby �cumd w�d
<br /> muv be included in nny decrce forecl�sing this morlguge and be Pafd out nf the rente or proceeds uf snle of suid premises i[ not
<br /> oth��rwise puid; nnd lhnt �lorigngee Khnll not incur nny personnl linhility Ixcause o( nnything it tnny do or omit to du hrmunder.
<br /> •' In lhe event o[ the default b�� '�turt�;agor in Ihr payment n( rmy insl�JlmrnL as required by thr iQuh• s��cnrrd here6�•. ur �
<br /> in the perform+mce uf the obliFntion in lhiv murt�age nr in th�• nuto �crurrd therrhy. thi� \Ie�rt�;a�;��r shnll b�• eniitled to declarr thr
<br /> `. � . drbt secured hereby duc and paynble wilhuut notire, and ihe \lortgageo =hal1 br entilled uL its nplion. withuut nutier. ��ilher by ifsel[
<br /> or by a mceiver lo he appnini�xl Ly thc cuurt thereu(. ;md without regard 10 the adi�uacy of :my sn�urity ;nr t6r indebtednesv se•'
<br /> cured herebY. tu entrr upnn amd take possession u( the morlR�ged premises. and tu colle�ct aml remivr thr n•nis. is=ues and pro(iLs
<br /> lhrtto[, and upply the same, Iess custx o( operatiun and i»Ileclion. upun the indebtixln�•w cvcurrd by this murlFaqe; soid renlv,
<br /> i.csues and pmfits bcing herrLy nssi�nrd tn the Murt�;:i�:re as furthi�r srcurily (or the papmrnt of nll inJe6tednrss �rcunYl h�•mby. ^. I .
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<br /> - The Mortgagee shnll have Ihe power to flppuir�t any ngent or n�:enLti it ma}• desire fnr Ih�� purpu�e ot repnirin�; .said prcm- . . ��'°"`Ii 4: ' �
<br /> � itis; rentin,G the uvne; collectin� the� rents, rev�•nues and income. and it may pay uut o( eaid incs�me all i�xprns��s incurrtKl in rrnb . N '� - .
<br /> �� ing and manu{;ing the snme and ut cullecling the rentals lherefrum. 7'he b:Jance rem.iinin�;. if :my . ehall Le ;qlplird tnwurd lhr , ' �
<br /> .. l diu:harge of lhe mortFnge ind�•btednesc. This a.ctiipnment ie tn torminate �nd M�cumr null :md + u�d upnn r�drnw� nf this mnrh'n�e.
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<br /> ' The Alorigagee may cullecl n "lale cLi�rge.. nnt tu i�xcred Fiv�• C�•nts (5c1 f��r rxch dollur I �I .WI nf �aich tolnl monthly h
<br />� paym�mt mom Umn 15 dr�yx in :irrnarz 1„ coeer ih�• rxtrn i•xpense mvolvrd in handlin� delinqu��nl accounL�. � . :
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