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<br /> '�FIE - INORTGAGQR FUATHEI? COVENANT3 AND AGREE3:. i'S 1, � U V � ^'ST � . _
<br /> ' That �the Mortgagor wrl� pap the v�debtedneas as herembefor�:, proyided � ., . .�. �� ,. . � - . r�.
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<br /> �„ � �i:h. f � �5 : F 't : . } y ,a . : "� t: 1 a •:�' � : . . .. ,. . . :' .. " ... _ . . . � -. � .
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<br /> � � � � �:� Tha2 the Mortgagor iS '��t Hwner of sa�d property in tee s9mple and has goocl �right and lawful authority ;o sell and ' � - > �
<br /> � eonvey the asmc and that the serde� is E,iee snd clear of any liea or encumbrance; and . tha! 'Mortgagar will wacrant :�and�flefenil tlfe . ' �,
<br /> -� ` � title � .to eaid (pre+nne�=agattt���it�#�cFa9mne ar ail p�tnbns whog�eoever� �^�"
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<br /> � To paY nwqediately When {3uC a7ritl peyalble��all general taxes. �apeciaL' taxen, .speciel �.asseaxmentv, water charges sewer tier"v- �
<br /> � �' 'ice �charges, and o3herlaxea' and charges againsj ' said prbpertX. and• all� tazes'" leviPd on the� �lebt secured hereby, and to furnish the � ' ` r�-�
<br /> . ; Mortgagee, � upon , request.�� with; the .originat or duplicate ,receipts Cherefqr. . �The Mortqngor agreea that �� tfiere shall br� addetl! to ' � � � � � '�� '�-
<br /> J � . each. monthly payment reqmred hereunder or under the evidence of deht .secured hereby an amount estimated hy the Moctgagee , _ . '��
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<br /> �,�� '. to be sufficien��- t0,'4naftle the, Mo.etgagee �to pay, as they becrome due, ali � taxes, assessmenW, and simiiar chargry upon Che � prem , C� � � �
<br /> : i5pe �slibj�ct thereto; any 'ile$cicncy because of the- insuficiency oC such ad8itionai paymFnts shalt � lte' [ertHwitM deposited "�by � LfiF " ' ��� - ' `
<br /> Mortgagor with the Mortgagee upon damand by the Mor[ga&ee. Any drfault under this pa;nRraph shall be rlermed a default in . . _
<br /> . . 5 � payrrient o[ � taxai. ��.asevssment,q � ot similar� charqea required herr. under. , .. . . �. . � . . . . . . . : �� . �' . ��.
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<br /> The Murtgagor� agrees thpt. fhere ehatt also . .be added tu each monthty payment. o( principal ,xnd� interebt required here- . . � �
<br /> � � � " under sn amiwnt extimated � by the - Mortgagee to be sa�cient to enable the Mortga�;e� to pay, as it becnm�s doc, the � insurance � _ � �
<br /> premium on any insurance policy delivered to the Mortgagee. Any deficicncy M•cau�e ot the insufliciency o[ such av�litional , nay- �
<br /> �� mertfii�sFiall �tie forthwith depo»iteA by the 74tortqagor with the Mortgaqee u�n demand by tfie Mortgagee.`any -default unde� this � � ' � . '
<br /> � � paragraph shall be dcemed a default in the payment of inxurance premiums. If the � pnlicy � or policies�ileposited• �re such� �as lrome- � � ...
<br /> � owners or all risk policies, and ihr deposiLe are insufficient to pay the rntire�� pmmium , the Mortqagee rnay apply the depo!ri4 to � �
<br /> � � � � psy premiums on risks require�i to be iqsured by this mortRage.
<br /> � � PaymenLa made by the Mortgugor . under the a6ovr paragraphs may , at the ��ption oC the Morfgagee, be hcld by it aod
<br /> ,- commingled with 'other vuch �funda or its "own fdndx for the paymr. nt o( cuch items, aod until so �applied, such payments are hereby � �
<br /> + � � � � � � pietlged aa security for the onpaid balance n! the mortgnge indebta+dnes�. . ,
<br /> To procure, deliver tu, and maintain f�ir the benefit o( the Mort�;agee durinK the life of this mortgage original policies and
<br /> � renewals thereof, delivcred at least ten days tx[om the rxpiration of any such policies , insuring ngainst lire and other inyurahle
<br /> � hazazda, casualties, and conLingencies as the Mortgagee may require, in �an amoun! equal to the indebtedneae aecured by thie . .
<br /> Mortgage, and in companies accepfable to the Mortgagee, with losv payabl� clause in favor of and in form acceptable to thr. Mortga- � � �
<br /> gee. In the event any policy is not renewt•d un or be�forr tt•n ctays of iG� expiralion, the b4ortqagee may procure• insuranee on the �
<br /> � improvements, pay the premium thero(or. and such sum shalt bernme immediately duc and payable with interest at. the rate set �
<br /> � forth in said note until paid �nd she❑ be secured by this mortgaK�� Fni (ure on the part nf the Mortgagor to furni4h such renewals , � � . �
<br /> • as are herein required ur failure to pay any sams ndvanc.rd hereunder shull, at the option of the Mortgagee, constitute a default . . • s`
<br /> � � under the terms of this mnrtRt�ge. The delivery oC such P��licics shall , in the event o( default, constitute an acviKnment of t.he un- � . ; � '
<br /> earned premium. ' � � � � .
<br /> Any sums received by thv Mortgagec by reaxon of loss or damage insured against may be rr.tained by ttie Murtgagee � �
<br /> . and� applied toward the payment u( the dehl hereby secured, or, at the option of the Mortgagee, such 9UITl5 cither wholly or in � �
<br /> � part may be paid over to the MortgaK�r tn be uxed to repair such buildings or to build ' new buildings in their � place ur for any
<br /> � other purpose or object satisfactory to the Murtqs�gAe without aftecting the lien on the mortgage for the [ull amount xecured hrre- � �
<br /> by befure such payment ever took place. . ��
<br /> Tu prem�ptly repair, restore or rebuild any buildinRa � r improvements now ur hereafter on the premi�es which may be- �
<br /> � -� �; come demaged or destroyed ; lo keep said premises in good condition and repair and Irer from any mechanic's lien or other lien or � ��
<br /> claim oE lien not expresxly subordinated to the lien hereof: not to sutTer or prrmit nny anlawful use of or any nuisance to exist on � � . � � -
<br /> ' said propeNy nor to pertnit waste on said Vremises, nor to dn any other act whereby the property hereby conveyed shall txcome � . � .
<br /> lesa valuable, nor to diminish or impair its value by any act or omission to act : to comply with all requirements of law with respect � �
<br /> � ` �. to. the morlgaged premiaes and the use thereof. , �� �
<br /> That should the premisea or any part thereof be taken or damaged by reason of any public improvement or wndemnation . . �
<br /> proceeding, or under the right ot eminent dumain, ur in any other manner, Lhe MortRaRee shall be enlitled to all compensations. � . � �
<br /> � '. � . awards, and any other payment or relieC therefvr, and shall be entitled, at its option, to commence: appear in and � proseeute in its �� �
<br /> � own name any action or proceeding, or lo make any comVmmisa or setUement in connection with ruch takinR or demaqe. All such � �
<br /> � cotnpensetion:� awarde, damages; right � of � action. and �� �proceeds are heteby aseigned to the Mortgagee, who� may: after � deducting � . �
<br /> r.� : � the�etrom sll ifa .ex{�ensee. zelease sny �moneys� ao � received by it or apply tha same un any indebtedness� secured �hereby. �The Mort- �. �. � . .
<br /> gagoz .agueea.� to; ezecute� sucb� [uHher aAsignmrnts of any compensation, awards, damagea, and- rights ot action. and procecrls as the - .� .
<br /> . MottBeB�.;maY re9uire. � . . . � � . . . . . . . . . ,.,y? � . � .
<br /> � That in cave of failure to perfurm any of thr covenantx herein, the MortgaRre may do on the Mortgagor's behalf everything Gi..1 � .
<br /> so covenanted: that the Mortgagee may also do any act it may deem neccssary tu protecl the lien thereof; that the MortgaRor will '(,�'� � .�
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<br /> � repsy upoti �demand �any moneys� paid � or � divbu�sed by the Mortgagre for any � o[ the above purposes, and such moneys togetfier with �j .' .
<br /> -� `� " � irif.erest' theceon �at the taEe" provided� in aaid note � afiall become � so much additional indebtednesa hereby securs_vl and � may he in- � � � -
<br /> � cluded .in anY decree foreclosing this mortgage and be paid uut of the renLa or proceetia � of nale o( said premisea if�. not �otherwisc : � �
<br /> ; . paid: that it ahall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances, or claim in ad- � �
<br /> ' � vancinq moneys ��as�� ebove ��authorized,. �but nothing -hereia contained shall be construed as requiring � the �Mortgagee �Lu advance any � . . � �
<br /> mox�ya�for�.�any such �purpose nor to do any act hereunder, and that Mortgagee.shall not incur any peraunal liability becsuse of any-. ;�
<br /> �� - thing:.ikmay, do�or omit.�,W do. hereunder. _ . . . , � - . � � � ' � �
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<br /> � � � In � the event of the defautt hy, Murtgagor, in the payment of any installment, as required by the Note secured hereby, oc � �
<br /> � - . in �the performance o( the obligation in Lhie mortgage or in the note aecured thereby, the MortgaR� shall be entitleci to dectare the _ �
<br /> �' t � � debt eecured heceby due and payable without notice. and the Mortgagee shall be entitled at iLa option. without notice, either tay itaelt � . � . .
<br /> � � oY by.a ieceiver �to be ��appoiinted 'by�, ttie 'court thereof; � and � without ,regard to the adequacy of any security .for the �indebtednesa se- .
<br /> ' c}fred hereby: �to eriter upon �and take, poe9esaion' of'�the mortgaged -premisea, and to collect and receive� the rents, issues and profits . - ��.
<br /> ,' t}i'ereof aral`�apply tiirsefrie� leae� coef.e of� operation� and "collection. upon the���indebtrdneas eeeured by-� thia mortgage; said � renta,'. � . � � �_ t
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<br /> �, i �iee�es:and.pro{M�beinshezebj+-aeeigned . to. LhcMortgagee:as�further� xeeurity for the payment of. all indebtedneas securcvl hereby: �
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<br /> � � The� .Mortgagee ehall have the power to appomt any agent �or agenta it may desire for lhe purpose of repairinq said prem- �� •' r-M.-�.� �'
<br /> � u mg. �and managing the`�same ana of collectmg �thues and income, and it may pay out of ssid income all .expenses..incurred .in rent- . : ,, ;; � '�.
<br /> �aes: ronting the ,eame«,wllectinS., the, rents ieven . . . . . . . . . . ..
<br /> `� � • �� diecherge of . the mortgage and4btedness � Th�s aee�gnment is , lo terminate end becomc nutl and void upon release af this mort a e. . �. � " '�'�
<br /> e rentala thereEromi The 6alance remam�n i[ an akall be applied toward the �
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