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<br /> 78- �% C� 0 � 58 . . . .
<br /> THE . MORTGAGOR :..FURTHER" CUVENANTS . .AND AGREES: r .
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<br /> � That ;the: Mortgegar will�-;�pey the indebtednesg as hereinbefore .prw�ded, ��;�. . . � �.� � � � , . � � �'
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<br />� "' - That the' Mortgegbr us �e� dtvnier ot said property in fee simpie and has good �� righ! "and lttwful authority to sell a�d �� '�-� �
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<br /> �. � rnnvey the same�arid thaf,t,he �o�e;ia free and clear of eny lien or enoumbrance; and that��, M�ortgagor wil! warran,t and �de[end th0 . � S � � � � � , , '-.
<br /> � � title � to said 9prein�aes aRainstk t,li� �cla�m� 4f;'all" pefeons� wfiombnever. . � .
<br /> . . . - � i i .0 ,� ...: � « +t �e , � . . . . : � =� . . .
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<br /> �. � � To pay �immedtately when du'e 'and' payable 'all generat�� 'taxes, sneciai faxes, apecial es�essments, water charges, sewer serv- � � � �
<br />_ % � � ice �charges, and � othei:�tereaand � charges again�st �aid properly, and a1I tazesJevird� on thc debt secured hereby, and . to (urnish the . � � .
<br /> Mortgagee, upon ,.SQyue�st, ,with . ihe ,priginal . or ��uplicate receipts there(or. �The htortgagor agrees that there sball � be addrd � to ' - � � � �� - �
<br /> ' � each monthly ,payment required . hereunder or under �the evidence of debt secured hereHy� an afnounfestimata-A by the Mortgagee 1 � � � , - � . �
<br /> j fo be sufficient'.t6 @natiCe'.t�e ' Mo�FqagCe' to pay, as they bernme due, all taxea, assessments, nnd eimilar ,charges ��upon the . prem- � �� � . . �
<br />� ' Ss�s�'gubject therpto;" any �ifeRciency � because of the� iizsuRcien�y of such� additionnl paymentK shall be forthwith' depemited � by tha - � " � � � ,
<br /> ' Mortg9gor � with the � � Morlgagee upon demand by the Mortgr�Kee. Any default undcr this paraRraph shall be decmed a default in . � � � � �
<br /> . Payment ,o[ taxev, , avxeve�mentsj or similar � charges required hereumler. . - . . � . , � . � . �
<br /> The ��Mortgagor �agrees thaEthere � shall also be � ndded to each monthly paynient of principal and interest required here- . � � . . � � � . .
<br /> � under an amount evtim�ted by the Mortgagee tu be .uf1'icient to enable the Murtg:�gce to puy, as it becomes due, the insurance � � �
<br /> � premium on any insurance poliey dr. livered to the Mortgagee. Any deficiency because of thf• insufFcienpy of such additional .. Pay- - � . � . . �
<br /> � mentc-ptiall 6e forthwith �dep�Asited bV � the Mortgagor wilh the Mortgagee �i�n demand by � the � Mortgagee. Any default �undei this � �
<br /> � paragraph shall be deemed n defau�t in the pxyment of inei�renco prrmiam�. If� th� p�licy or policies lIf`Ph511@<I arv such as hume- � �
<br /> owners or all risk policies, and tt�e depositc xare insuf£cirnt t.r� pay iho rntire premium , the M.�rtgagee may apply the drpovil to ' �
<br /> , pay premiuma on risks re<3ulred to bc insur.vl by thic mortKage. �
<br /> ' Paymenis made hy the 'NnrtKagor under tht� above paragraphs m.iy, at th�• nption of thr Mortgnger-, bF held � try it and . �.
<br /> : comminglerl with othr. r such funds nr its own lunds fnr thc paymen[ of such items. and until so applied, such P�Ymenta arr h.reby . . � . .
<br /> �; pledgrd ax security for the unpaid 6alnncP ut the mortga�t• indnbti•dness.
<br /> �. To prceure. delivrr tu. and maintain fur thr M•nrfit of Lh�� Mortgagee during the life of this mortK�KE' ��riginal policies and . � � �
<br /> tenewals thereof, delivered nt lrast fen days be(ore tke expiralion of nny sauh p<�licivs, in�uring against lirP and uther insurahle � � � � .
<br /> hazards, caeualties, and contingenciex ax the Mortgagee may rr.quire, in an amount equnl to the indeblednease yecured by this . - ,
<br /> . Mortgage, and in rnmpanies acceptrible to the Mortgager, with loss payablr clau� in favor of and in form accepinMP to the h4urtga- � . � �
<br /> - gee. In the event any policy is not n•newcYl on or M: fore ten dayn o( itr expiration. the Mortgagee may procure insurance on the . � � � ,
<br /> , improvements, pay the premium th�ae(or, and such sum shall become immediately due and payable with interest. at the rate wt - � � . �.
<br /> forth in said note until paid and tihall }x• �ecun•d by this mortqaK�'� Failure on thr. part of the Mortgagor tn furniah such renrwals . � �
<br /> � aa are herein required ur tailure to pay nny xumc advane�•d hereunder shafl, at the option o[ the Mortgagee, cunstitute a default �� � � � � � � �
<br /> � under the term.r of this mortgage. The drlivery of �uch pulicii•c shall , in the trvent of �IP�AUIt, C0�19hStl1C• an a:ssiqnmFnt of the uo- � . �
<br /> �. � earned premium. � �
<br /> � Any sums received by the M�utgaK�'<+ hy reaeon o( luss or dumaF;e inaured against may be retained by the M<�rtgagee . � � . � '
<br /> and applied toward the payment �d the debt herrby secured , or, at the option ot the Mortgegee, such sums either wholly or in . �. � . �
<br /> . part may be paid over tn the Murtgagor tu be used to mpair such buildingc or t.o build ' new buildings in thrir place or for any � � .
<br /> . other purpose or object satis(actory to the MortKageA with��ut nRectinK th� lien un thc mo�tgage (or the full amouN �rcured here- � � .
<br /> � � by be[ore such payment ever took pince. � . . � .
<br /> To prumpdy repair, resture ur re�build nny buildinR� �� r imPmvements now ur hercaftrr on the premi�es which may be- - � � �
<br /> come damaged or destroyed; to keep said premises in good condit.ion and repair and lree fram any mechanic's lien or other lien or . � , � � � . .
<br /> �� claim of lien not expressly suFwrdinated to the lien h<rrevf; not to suAer nr �>rrmit any unlaw(ul uu of or any nuisance to exist on �. � . . . ,
<br /> '� said property nor to permit wast¢ on said premises, nur tu do any other act whereby the yropertq hereby conveyed shall fxcome �
<br /> less valuable, nor to dimininh or impuir its value by any nct or omission to act: to comP�y �'ith all requirements of law with respect � �
<br /> � to the morlgaged premises and the use thereoL . . ,
<br /> �� That should the prem 't_res or any part thereuf br Lakrn or damaKE� hy re�ason c�t any public improvement or condemnation � ` � .� .
<br /> � proceeding, or undrr the right o( eminent domain, ur in uny other manner, the D7urtgagee shall be entiqed to all compensations, ,- . , � �
<br />� awards, and any other payment or relief therefor, and shall be entitfed, at its option, to commence, appeaf in and proeecute in iLs � � � �
<br /> - own name any action or proceeding, or to make any compromise or setUemenl in connection with xuch takinR ur damage. All such �� � � � �
<br /> cOmpenaation, . awarde, damages, right o[ action and proceeds are hereby assigned to the Mortgagee, who may. a[ter � deducting � � � � � .
<br /> therefrom all � its espenses, release any moneys so received by it or apply the same on any indebtedness securecl hereby. The Mort- . .
<br /> � gagor agreea to exeeute auch further aeisignmenls of any. cnmpenaat�un, awards, damages, xnd riKhts o( uctiun and proceMJA as the - . ' . : �
<br /> i � Mortgagee may require. � . . . . � � . .
<br /> That in case of failure to perform any o( the covenants herein. the Mortgagee mey do on the Mortgagois behelf everything � � �. � -
<br /> , so covenanted: that the Morlgagee may also do any act it may �eem necessary tu protect the lien thereof; thai the Mortgagor will � � � � .
<br /> repey upoa demand any moneys paid � or di�bursed by fhe Mortgagre for any <>f the abnve purpcnes, and �uch moneys toRetRer with � � �
<br /> i intezest� thereon aE the rate prwided in said note shall become so much additional indebtednesa hereby scrured and may � be in- � � � �
<br /> cluded in eny decree foreclosing this murtgage and be paid out of the renLc or proceeds uf sale of neid premiees if nrit otherwise ... . � � � � �. � �
<br /> paid: that it shall not be obligatory upon the Mortgagee to inquire into the validity o( any lien. encumbrances, or claim in ad- "��`. . � � �
<br /> vancing� moneys �aa above authorized, but nothing herein contained shall be construed as requiring the MortKagee to advance any i"� � � � ��.
<br /> moneya � [orany auch purpose nor � to do any act hereundeq and that Mortgagee shall not incur any personal liability hecause �of any- '^� , �
<br /> thing�:�,it� mey. do or omit �.to du her¢under. � � L--' � . �.
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<br /> �. � �� � In the event of � the de[ault 6y . Murtgagor in the payment of any installment, �as required. by the � Note xecured hereby, or �.,;, � � . .
<br /> � . in the per(ormance o( the ol�ligation in this mortgage or in the note secured thereby, the MortqaRee shall be entitled to declare the �
<br /> debt aecured hereby .due and . paya6le without nutice, and the Mortgagee shali be entiQed at its option, without nutice, either hy itvelt � . �
<br /> � or lry a receiver to be �app6intid 6y the �couFt thereof, and without regnrd lo the ad��acy of any se.curity for the indebtedneaa xe- . . � .
<br /> � . cuYed h�ereby � � � � � pon und' take � �� � � - . � � � .
<br /> , , to 'enter u ' pbs§ession of the mortgaged premisea, and to collect and receive the rents, issuen and profib
<br /> . t}ipreof:"drtd' apply . the'� semer ,lesa coeta of operation-�and collection, upon the indebtecineas secured by this mortgaqe; ecsid mnts. . � •
<br /> ��� ieeues'and profifa'6ein6 �h�reby �assigned to �the'MoHgagee•as (urther� Seeurity for the payment of all indebtedness -securetl� here6y.' � . . . � � � S.� �
<br /> � - � The Mortgagee shall have the power to appoint any agent or agents i! may dPsire for thn purpn.rse of repairing said prem- _ .. •,��s,• '�-
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<br /> � . . � � iees; .ren4ng the;aa7ne; collecting � the rents, revenues and income, and it may pay out of said income all expenses incurred . in rent- � � -."� "'�t - ��
<br /> . � ing and managing the � same and of collecting �the zei�tala therelrom: The balance mmaining, if any, shall be � applied toward the ,t � �i� .
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<br /> - � discharge af the mortgage, mdebtednese Thia asaignment is to terminatP and become null and void upon release of thie mortReRe. � �� ' : �
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