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<br /> TJFfE _ .MORTGAGOR FCTFLTHER COVEhTANTBc:AND AG . ' '
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<br /> �� � ThaC tbe M9�BggQr,, will .PaY 4he �nde4,tedaees as ��hetse�nbeJor4 „prm!ide�_, . . ..: ,i. ; � .. . � . . .. �
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<br /> � �� � � � That the Mortgagoi is�t�e dwner ot said property m fee simple and has good right and lawful authority �to se�! and ' '
<br /> rnnvey the aq�e� and tlia! th� sdrq� t� FFee syd c�lear of any lien or Ppcumbrance: ;and th'at Mortgagor will warrant and ��defend the,
<br /> � title to eaid : premise�' agairfqt .the, <lai��ta��; Ot alI pecsorm w6omsoever: . .
<br /> . . � . �� �. .a r .kS�7" 1 . �`hS :-'j w. . .»�.. c , .;:.., t . : . . . _.
<br /> � To pa�y imd{edeaEely�"�hea�S�'aez�d'�paya6�e. a11 gCneral tazes', speciat��taxeg; special ass��smentn, water chargen, sewer serv- � . �
<br /> ; ice charges, an� ot}iei--ta=ea- �and chargeer� against snid pmperty, an<I all taxes levied on the debt secured hereby, and lo furnish the . � .
<br /> - . Mortgagee, upori �.requeaY, with-ihe.' originaF pr:� duplicate 'receipts .�therefoc �The Modgagor agrecs that therw shalt Fie added . to �� . .
<br /> . each monthly payment required hereundez or under the evidence of debt secured h�rc:by an amount i:stimatrd My the Mortgagee '� � . '��
<br /> �� to be �' , . . . , , _ . . . . .
<br /> su6icie.nt to" enalrCe ,t.F+e :-Marf�agee; .to pay, as they becomr dtie, all taxes, ax.gessmenls, and similar charges upon - the � prem- � .
<br /> '; ises-� siibject � thereto;�� an'y deSciency �lx�cause oCtfie�� insufticiency of sucFi additionai paymenta shall Ae [orthwith Heposited � by thP ��� ' � � � � - . � � �� �
<br /> . � Mortgagor with . thc. . Mortgagee upon demand by tbr Mor[y;a�ce. Any drfault underr this paragraph shall I�e decmed a dctault in . . � � . . . .
<br /> , . payment_.of_ taxes. asceaxmenLa, nr � �imilar-. charges - required kiereunder. . . � . . _ , . . _ . . . . . � . � . . :
<br /> � . ' ` �� :"�� �� The .Mortgagor � agrees that ' there �shnll�� alxo be added to i•ach monthly payment uf principal and inteceat required here- ,'� . . , � '��
<br /> � under an amour�t estimated by t6e Mortgagee to be sutficient to enabte thr Morfgag.•c tu pay, as it becomes due, tbe insurance ' � . �
<br /> premium on any insurance pe�licy delivered M the Mortgagee. Any deficiency M�cnux of the insuff'iciency o( such additi�nal pay- {�� � . � : �
<br /> - menls shall ` be forthwith de�sited by the Mortgagar wi [h the Mortgegee urwn demand by the Mortgagee. Any dr. fault under this , � . -
<br /> � paragraph shall be deemed a default in the payment bf ineurance premivms. If thc Ix+li�r or P^���i� [IPrOA1fP(I are such as Fmme- � �
<br /> � owners ��r all risk policiex, and the de�msits ure irinufficien [ to pay thr ••ntirr premium , fh�• \lorlga�er may ap��dy the dPpnvit to � �
<br /> � pay premiums on riekti required to t+e inwureci by thia mnrtK.3�.�. . � �
<br /> �� Payments made hy the MnrlqaKor under lhe abrn�e paragn�phs may , at the uptinn uf the Mortgagee, be hr(d � by it and .
<br /> � commingled with other such funds or its own funds (�.�� r fhe payment �>f such ifrms, and until so applied , such pnyments are herehy . . �
<br /> pledged ac security tor thr unpoid balanca u[ th�� mortgage indebtedness. � � . � � � .
<br /> . � �.-� � � � .
<br /> To procure, deliver ln, »nd meintain for the brnrftt o( the Mortgxgee during thc� life of thic morfga�;e nritiinal policies and � . �
<br /> � renewaLa thezeof, delivered at I��ast ten . days beforo th .r rxpiration of any such �licies, insuring against fire and i�ther irvurable � � � . . �
<br /> hazarda, caeualties, and contingenciea as the Mortgagee may require, in an amount equal tn the indebtedneav secured by this . � � _ -
<br /> Mortgage, and in companies acerptable to the Mortgagee, with lo4s payable clause in lavor of and in form acceptable to the Mortga- � � .�
<br /> ' gee. In the event any policy is not renewed on or � before ten days of iL.� cxpiration. thr MortgagPe may procure insurance on the � ..
<br /> improvemenLs, pay the premium thrrefor, and xuch sum shall becnme immediatcly due and payablr with intemst at the rate set � �
<br /> forth in said note until paid nnd shall be securrd by tfiis m�� rtgaga Failure on the part of the �tortgagor to Citrnish such renewals � � � ..
<br /> � es are herein required or tailure [o pay any sumx advanc�d hE•reundrr shall, at tbe option ��( the MortK�KN�. <<>^���tute a default � � _ �
<br /> � � under the temvv o[ this mortgaKe The delivery ot such pulici��s shall, in the rvent ot default, constitute an assignment of the un• �` �. � � �
<br /> . earned premium. - � � �
<br /> . Any sumv received I�y the MortgaKer by reason of loss ur damaqe insured aRainst may be retainrd by the Martgagee -
<br /> � and applied toward the payment o! the debt hereby svcured, ur, at the c�ption o[ the :Vlortgagee, such sums rither wholly or in � � �
<br /> part may be paid over to the Mortgagor tu GL ❑SP(I Cq mpair such buildings or to build ' new buildinRs in thrir place or for any � � � � �
<br /> other pLrpose or object :wtisfactory to the Mnrtgagee wilhuuf aRecting thr lien on the• mnrtgage fi�r the full amount secured here- � . .
<br /> � � by before such payment ever touk place. � . .
<br /> To promptly repair, restore ur rrbuild any buildinK� or improvem�nts now ur hrreafter un the premix•s which may be- . � � �
<br /> � rnme damaR� or destroyed : to keep said premises in good condition and repair and frer, from any mechanic's lien or other lien or � � �
<br /> claim of lien not expresvly yubordinated to the lien hereof; not to suRer or permit any unlawful use of or any nuisance to exist on � � : �
<br /> aaid property nor to permit waste on said pmmises, nor to do any other act whereby the Property hereby ca,nveyrd shall become , � � �
<br /> � lesa valuable, nor to diminish or impair iLs value by any act or omission to act: to comply wilh all requirement� ut law with respect �
<br /> to the mortgaged premiaes and lhe u9e thereoL � � � � �
<br /> � That should the premi�vs or any pnrt therNo[ ba tuken or damngcvl by reason of any public improvement or condemnation . - � �
<br /> pzoceeding, or under the right u( eminent domain, or in any other mnnneq thr. bfortgxgrr shall br entitled to all compensuliona. _ . � � �.
<br /> � awards, and any other payment or reliet therefor, and shall be entitlet3, at its option, to commence, appear in and � prosecute � in its � �
<br /> . . own name any action or proceeding, or to make any cumpromise or setqement in connection with yuch taking or damage. All such �� � � �
<br /> � cotiipe�ation, awards, damagea: right of action and proceeds are hezeby assigned to the MortgaKee. who mayi after deducting . � � � .
<br /> � ; therefmm alt �its exper�eea. � release any moneys so received by it or apply the aeme on any indebtedness secured hereby. The Mort- � � . �
<br /> � gagor sBrees .. to � execute such further axsignmentx oC eny mrripenxatiun, awarde, damagea, and rights - of action and proceeds ae the . . � �
<br /> Mortgagee , may requira . , � � . �' � � � , �
<br /> That in case of tailure fo pedorm any of the covenanQv hercin. thr Mortgagee may do on the Morlgagor's � behalf everything �' 'i � ,
<br /> � ' so rnvenanted; that the Mortgagee may also do any act it may deem necessary tu protect the lien thereof; that the Mortgagor will �� � � �
<br /> repay ��npan demSnd � any moneys paid or diabursed by the Mortgagee for any of the above purposes, and such moneys togetfier with � � �
<br /> - interest theteon �at� the rate pro4ided� �in said nole nhall become so much additionaf indebtedness hereby secured and mey he in- �' . �
<br /> � � cluded in any decrne foreclosing this mortgaRe and be paid out of the rents or proceeds of sele of said premises if not otherwise G.:� � � .
<br /> � paid; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien. encumbrancea or claim in ad- � : � .
<br /> vancing moneys� as above �suthorized, but �nothing herein contained shaU � ba construed as requiring the MortRagee to advanee any � . � . .
<br /> , moneya� �for� any . such; purpoae nor. lo do any act hereunder, and that Mortgagee shall not incur any perxonal liability becauxe ,of any- ' . .
<br /> thinb: it� may. do or omiEto do hereundrr. . - � . " , . . � �
<br /> � 'i � In � the event �of� the de[ault by Murtgagor in : the payment of any inatapment, as required by thr Note secured � hereby, or � �
<br /> in the per[ormance oE the obligalion in this mortgage or in the note secured thereby, the MortgaRee shell Me rntitlr. d to declare the , � :
<br /> debt aecured hereby. due .andpayable without notice, and_the Mortgagee shall be entiqed .at its option.. without notice, either by iGaelf ,
<br /> � or by a ieceiver to"�br -app6inted by the� court therenf, and without regard to the adequacy o( any security for the indebtednrss se-
<br /> � � - cu�id hemby; to �.entet upon� and- take� }�Os§ess'ion of the mortgaged� premises, and to collect and receive the rents, issues and profits . - .
<br /> r� � � �� thereof, and: apply th,e; aaxrsa: ,less coets � of operation and �� rnllection, upon Rhe � inde6tednese secured by this mortgage: �said � rents. . , .
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<br /> , � � iesuea"and p+ofits being�hercby- a+aigned' to !he Mortgagee�as further aecurity for the payment of all indeMrdnes+ nerured hereby. � j
<br /> � � The � Mortgagee shall heve the power to appoint any agent or agents it may desire for the purpase of repairing said prem- - _ ''-"'_� � •�
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<br /> . � �. . ises; renting the seme; collecting the rents, revenues and income, and it may pay out of said inrnme ali e:penses incurred ..in rent- , - ','
<br /> � ing.�. end menaging the eame and ot collectmg lhe re�tala� therefrom. The bslance remeining, if eny, shall b� applied � toward the � ' ��'�� ? ,
<br /> ' ' diechssge� o[ � tha mortgage indebtedneea Th�s aseignment is to terminate and becomr null and void upon release of this mortgage. . %,; '
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