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_. . � � <br /> t , <br /> D_�U00304 <br /> , , . . , _ <br /> Tk(E. . MORTGAGOR .EURTHER COVENAI�ITS: AND ` AGREES: ,., • <br /> . . . . "s.` . • '� ?..� . • ` , - ' � .... � <br />. � ' That the MQrtgsgor wilfpay the indebtednens' as herein4e,tore �. prwided� � � � � � � � � � � � � � � <br /> 1 , � . �'` x ..:� . ,. . : .. . ,.� . . ., . . :: . � . '. . �. .�:� � : � : . , . . :. � . � . � . _ <br /> That thc� `Mortgegor Ia "Efie ov�mer o[ said property in fe� simple and �� bas good � right and lawtul authority to sell and <br /> rnnvey the same and that the aam� is free and clear of any lien ar encumbrance; and that Mortgagor wilt warrant xnd defend the � ' <br /> - � - .. � : .. _. - .:. . . . <br /> � :. . titie to seid ��premiaee ��aqainst Yhe',claima, 'oE- a1L Aereona whpmsoever_ ' :'� �; .' , � . . . . . .. . .. . . � � � .. <br /> � To pay;� immediately w�ieii� due �end'��-payable��. all general taxes, �special�� taxes, special a�e�tsmenta, water charges, sewerserv- . . � . � � <br /> � ice charges, and� other�.�tazes �� and charges against said pmperty, and n❑ laxes levivd on� th<> �debt secured hereby, and lo furnish �the � � � � � <br /> . �� Mortgager., upon ��r'eque6l, wit6��the '�original or duplicate receipts therefor. The Mortgagor agrees �that them shall be added to � � � <br /> � ;; � each monthiy payment required hereunder ar urirler tfie� evidence of clebt secured hereby �an amount estimated by the Mortgagee �� � � <br /> � to be� sufficient �ta ena6(e� the Mortgagea� to pay, as they Uecome due, all taxes, assessments, and similar chargeec upon� the�� nrem• � �� � , <br /> ��� ises sub�ecC �thernto; any�"de8ciency � Secauve o! the insuf[iciency of - such additional paymentv �ahatl be. � forthwith �3eposited �Ay � tNe � � - � � � � <br /> � . Mortgagor widi the Mortgagce upon . demend by the Mortgxgre. Any drfault under tbi� pnraRraph shall be deerned a default in . � � � � � . � <br /> � payment of trixes,, as.vessments, � nr »imilar chargex� required hereunder. � � � � � � . - . � . � <br /> �- The MortKAgor agreex � that lhere 'shall alao be �dded to �•uch monthly payment of principal and interevt required heze- . � � � . .� � <br /> . under an amount estimatcd by Lhe Mortgagee to be sufficient tu rnabfr tha Mortgagee fo pay, as it becomes due , the insurance � � � . . <br /> premium on any insurance pulicy delivered to the Mortgagee. Any deficicncy because nt the insu�ciency oC such additianal pay- � . . � � � � <br /> .�' ments sFail �� be forthwith deposited by the ;Nortgagor with thc MOfLP,ASBA u�n demand by 2he Mortgagee. Any default under this � � . . . . , �� . <br /> . paragraph shall be deemed a default. in the payrneM of incurance premium�. � If the �dicry ��r policies ileposited atv such :n hume- � � . <br /> } <br /> . ownerx or all risk {mlicirv, and the dr�x�sit� are• insu�ciont tu pay thi• �•ntirF� pr��minm , Ih� MortgaRee rnay �pply the deposit to • � � � <br /> � pay premiums on risks required to t� insured by lhiti mortg�ge, . �. � - � , � <br /> - Paymerttq made by the MortKagor under Ihe abrnr paraSraphs may . �[ the option of the Morfgagee, � be held � by it and � � � <br /> - commingled with other such tunds or iL. own funJs for the payment of such itemx, and imtil so app)ied, such paymcnls are hereby � . . . � <br /> . - pledged. as eecurity . tor thr unpaid balance ot thr mortgagr indrbtedncsv. . . � � � � <br /> � To procure, deliver to. and maintein tur the henefit �d thc� 11ort4;agee during the life of this mortKage original policies and . � � � <br /> � renewals thercot, delivered at I��ast ten days bc�forv• the expirat.ion of any such polici�s, incuring a�ainst fire nnd othrr insurnhle . � � � . � � <br /> ' hazards, casualties, and conti�gencien as the Mortg�gre mny require, in un amount equal to the indebtedneaw secured by this � . � � . <br /> , Mortgap,e, and in companirs acceptable tn the Mortgage�•, with loss paya6l�- clau�r in favur of and in furm acceptable to the '.�7ortga- - . . . . . � <br /> '� gee. In the event any pn] icy i. not renewivl un ar be(ore ten d.+y� of it, expirat.ion , the MortgagPe may procure insurence on the � � � . <br /> : improvementa, pay the premium thercfor, and .�ch cum shall Fkc:.me immediately due and payable with interest at the rate set � . � , <br /> (orth in aaid note until paid und shall M• securrd by� Lhis mortRage. Fnilurr un the part of the Mortgagor to furnish such renewals � . � � <br /> as are herein required ur failum to pay any sumc arlvanced he•reunder shall, at thP option of the Mortgagee, con�iitute a default . � . . � � <br /> � - under the terms of this mortiGage. Thr drlivery of such pnlivies shall , in the evrnt nt drfault , constitute an nssignment of the um � � � . . <br /> . earned premium. � . <br /> . � Any sumx received by thr tlurlgagec• hy rravon uf loss or damage insurnd against may be retained by lhe Mortgaqee � , <br /> and applied toward the paymr.nt oC the debt hereby sccure�d, ur, a! thi• option oC the Mortgagee, such sums either wholly or in �. . � � <br /> . '. part may be paid over to the Mortgagor tn kxt used to repair such buildings or to build ' new buildings in their place or for any . �- � � . � <br /> � other putpoeu� ur object satisfnMory to thr• Mortgng�e without aRectinK the: Iien on the mortgaqe for the full amount cecured here- � � � � � <br /> by before such payment ever took place. � � . <br /> To promptly repair, restore ur rebuild any buildingn nr improvemen4s now ur hrreafter on the premises which may be- � � � � <br /> � � come damaSed or destroyed ; to keep said premises in gnod tondition and repair and lree trom any mechanicy lien or other lien or � � � � � . <br /> � . claim of lien not expre,ssly suiwrdinated to [he lien hereo(: not to sufter or P�'rmit any unlawful use of or any nuisance to exist on � � � <br /> said property nor to permit waste on said premisrs, nor to do any other act whereby the property hereby conveyed shall become � � <br /> . lesa valuable, nor to diminish or im��air ity value by any act or omi�sion tu act : tn cnmply with all requirements of law with respect . . � �� - <br /> to the mortgaged premises and the use thereof. . . .. � � <br /> � . .... . . y._�, .� � <br /> That should the premisr.s or any part thereof be taken or damaged by reason of any public imprcwement or condei"nnatian � � � <br /> , proceeding, or under the right of eminent domain, ur in any other manner, the Mortgagee shall be entiUed to a❑ compensation.a, � . � �. . �� . � . � � . � <br /> i awards, and any other payment or relief therefur, and shalt� be entGUed, at its option, to commence.� appear � in and � prosecute in ife � . �� , . <br /> own name any aciion ur proceeding, or to make any compromise or setQement in connection with auch taking ur damage. All such � . , � � . <br /> . compensation, � awarda, damages, right ot action and proceeda are hereby assigned to the Mortga�ee, who may, atter deducting � � � � <br /> there(rom all its ezpenges, relesae any moneys so received by it or apply [he same un any indebtedness secured hereby. The Mort- . � � . � � <br /> , gegor agrees . to execute suck� .further avsignments of any compensation, awards, damages, and rights of action and nrocr.eda ss the ; � - �, � - �� <br /> � Mortgagee .maY +�4uire. . . . . . . � . . . . <br /> - That in case of feilure to perfurm any of thr covenants herein, the MortgaFee may do on the Mortgagor's behalf � everythinq � � � � � <br /> so .rnvenanted; that the Mortgagee may also do any act it may deem necrssary to protect the lie❑ thereof; that the Morlgaqor will � . � <br /> repay upon'demand any moneya paid or disbursed by the MortRaqee for any of the abc�ve purposes, and such moneys togetRer with �� � � � <br />� ' iniereaY thereon et the rate provided in said note shall becomr so much additional indebtedness hereby srcured and may � fie im . � � <br /> � cluded in eny decree foreclosing this mortgage and be paid out of the renis or proceedn of anle of naid premises if not otherwise �� � � . � <br /> . i paid; that it ahall not be obligatory upon the Mortgagee to inquire into ihe validity o[ any lien, encumbrancea. a�r claim in ad- � � . � . � <br /> � vancing � moneys .aa above authorized,� but nothing hereia contained shall be construed � as requiring the Mortgagre tu advance any � � � <br />. � moneya� for.,any such purpoae nor to do any act hereunder; and that Mortgaqee shall not incur any personal liability l�ecau!�e of any- � � � � � <br /> thing. :it,may do� or omit to do hereundec , . � . <br /> - � � � � In the evenl o[ the default by Mortgagor in the payment ot any inatallment, as required by the � Note secured hereby, or . <br />� in the pedormance of the obligation� in this mortgage or in the note secured thereby, the Mortgagee shall be entitled tn declare the � � � <br /> debt secured hereby .due and payable without notice, and .the Mortgagee shall be entiUed af its option, without nutice. either by itsel[ � � <br />� , or, by' a receiver to be appointecl �by the court thereof: and � without regard tothe -adequacy of � any security for the indebtednesc se- � � - � <br /> cured here,by, to enter `upon and �take .pos.§ees9on- o[ the mortgaged �premises, and to collect and receive the renfs, issues and profits . <br /> . ther'eof;� and apply the �aame. .lese coete of operation �and collection, upon the � indebtrdnesa securrd� by ' thic mortgage; said re�ts; . � � <br /> � �eeuea"and pioRG�`liein�'hereby aesigned��to the' 1Vlortgagee'�ns (urther security for the paymenf� ot all indebtedness necured �hereby. � <br /> . . � � � .The Mortgaqee ahall have the power to appoint any agent or aqents it may desire for the purpoae o( repairing said prem- � "�'T=� t� ����' <br /> ' iaes;� renting . tho.; aame;, trollecting . the mnta.. revenuea and income, and it may pay out of xaid income aU .expenses. iruurred in rent- �"": j ' � <br /> } � � .ing� and. managiag tlfe same and of wllecling the rentals theretrom. The � balance remaining, if any. shall b� apptied toward the � � ;... ' '� ; " � <br />�, ., diecharg� of . the � mortgage� �adebLedneea.. This asaignment ie to terminate and become null and void upon relesse oI lhis mortqaga � ; ' � <br /> . . . . i .� � ,+,. ..:,. . . , �.,.: : , : .: �: ,; . , : -. �r , . . . ,- . . . � � . . .. . , . . . . " <br /> .. :�:: � ; , �._ . � <br /> . . . . . . ,�... .:� <br /> �� <br /> ' . . . .. . . :�,,, w ', � . <br /> , t . ' ,, <br /> . .. _.. :_. . . _ . . . . . c �. .. �� . . : .. r'.., ,. ' c.. .. . � . . ; � , <br /> �' �. � 4 . -�. . . _ . . _ . 1 f � �, i .�i . <br /> '�� � ° � <br /> . � <br />