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<br /> � B--�U U 1� MOATGAGOR FURTHER COVENANTS AND AGREES:
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<br /> �. That the Mortgagor will � pay the indebtednesa as hereinbefore provided , � �,�: � �• . ! �. �� � �
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<br /> ��-'.'�� Tha�q f],�by,�fod8a�gor' ia the uwne� oC.eeiil ,profierty ia, fee�.. sunplr;and - hac � good right and; lawful authority � to. sell and � .
<br /> convey !he �saMe aiid� ihaf'th¢;;�emep„is-, f�ee and 'clear of �any lien or encumB�ance; and� fhat Mortgagor wil!- warrant and - defend the ` �
<br /> � � title to eaid premises aguinst;41�"c1s(ma of all persons whrnnsoever. � !
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<br /> Tor pey immed�atdy ,�w`hen-due:'end .psyable all gen��al4texesk aPeciel, taxes, special asnc»:;.vments, water charges, �sewer serv- � , .
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<br /> � ice charges:'� and; other taxea'•ai�d ;i�arges againat�:aaid psoperty, �end�� all � taxea�:levied on the debt secured hereby, and to furnish' the� <� . . '
<br /> . . �Mortgagee. ?upon.:�re,quent, -�With the '�;original -or ,duplicate� receipte � therefoz.�'�The :�Mortgagor agree� that there shall be added to � .
<br /> ��. each monttily payment required hereunder or under the evidence of debt secured hereby an . smount eatimated by the . Mortgagee � � � � -
<br /> � to be suffir�ent to enable the. Mortgagee to , pay, as 'they, bec�ome due, all �taxes, assessmen4s, an�J similar charges upon the prem- �
<br /> �, iaes aubject�theretoa�any ¢eSciency, beFguse ,of_She insufCuiency of. auch., additional . payments shall he. forthwith de�osited . by the_ _ . , . ..
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<br /> Mortgagor �wrt'6-.�ie�Moitgagee: upon.� 'demand by the Mortgagee.� Any defsult under tbis Faragraph shall be� deemed a default in ���� �
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<br /> ��` �pa"yPiie'n'E��oTtaxe3, asseasment.v; n��" "similar-��charges mquired hereunder. �� - � �� � � � � � � � �
<br /> , ' �� �Tfae �Mortgagor agrees � that Lhere shal! alew be added to each monthly paymeni of principa! and inlerest required here- .
<br /> . undetan � amount estimated by the Mortgagee to be suf6cient to enable the Mortgagee to pay, as it becomes due. the � insurance ' .
<br /> .� premium on any insurance policy� delivered to the Mortgagee. Any . deficiency because of the insufficiency o( auch additional , pay- �
<br /> ments shall be forthwith depoeited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default ander this �
<br /> paragraph shall be dRemed a default in the payment o[ insurance premiums. If the policy or policies deposited are such .as hume• .
<br /> owifera or all risk policies, and the depositc are insuH'icient to pay the entire premium, the MortgaRee may apply the ��deposit to
<br /> pay premiums on riskx required to be insured by this mortRage. �
<br /> Payments made by thr. MortgaRor under the above paraqraphs may, at the option o[ the Mortgagee, be held � by it and �
<br /> commingled with other such funds or its own funds for the payment o( such items, and until so applied, such payments are hereby �
<br /> � pledged as security for the unpaid balance of the mortgage indebtedness. .
<br /> To procure, deliver to, and maintain for the benefit of the Mortgagee durinq the li[e of this mortgage original policies and �,
<br /> � renewals t}�ereof, delivered at least ten days before the expiration of any such policies, insuring against fire and uther insurable
<br /> hazerde,� meueltiea, end contiagenciea ae the Mortgagee may require, in an amount equul to the indebtedneae eecurcd by this
<br /> . Mortqage, and in companies acceptable to the Mortgagee, with loxs payable claase in favor of and in form acceptable to the Mortga- �
<br /> gee. In the event any policy is not renewed on or before ten days of its expiration, the Mortqagee may procure insurance oo the ' �
<br /> . imprwements, pay the premium therefor, and such sum shall become immediately due and payable with interest at the rate set ;
<br /> � forth in said note until paid and shall be secured by this mortgage. Failure on the part o[ the Mortgagor to furnish such renrwals �
<br /> : aa are herein required or failure to pay any sumx advanced hereunder sha11, at the option of the Mortgagee, constitute a default �
<br /> under the tertns of this mortqage. The delivery of such policies shall, in the event of default, constiWfe an asaiRnment o[ the un• �
<br /> earned prernium. .
<br /> � Any aumn received by the Mortgagee by reason of loss or damage insured againat may Ix retained by the M�rtgaqee ��
<br /> � and applied loward the payment of thc debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or in
<br /> �. part may be paid over to the Mortgagor to be used to repair such buildings or lo build ' new buildings in their place or for any �
<br /> ' other purpose or object satisfactory to lhe Mortqagee without aRectinR the lien on the mortgage for the full amount secured here- �.
<br /> � by beture such payment ever took place.
<br /> To promptly repair, restore or rrbuild any buildinq4 or improvements now ur hereafter on the premises which may be-
<br /> � come damaged or destroyed; to keep said premises in good condition and repair and frer trom any mechanic's lien or other lien or
<br /> � claim of lien not expressly subordinated to the lien hereof; not to suffer or permit any unlawful use o[ or any nuisance to exist on
<br /> - aaid properly nor to permit weate on said Vremiaes, nor to do any other act where6y the property hereby conveyed shall become �
<br /> leea veluable, nor to diminiah or impair its value by any act or omiscion to acr to comply with all requirements of law with recpect �
<br /> , to the mortgaged premisrs and the use thereoL �
<br /> . That ehould the premises or any part thereof be taken or damagerl by reason ot any public improvement or crondemnation
<br /> � proceeding. �r under thc right of eminent domain, ..� in nny other manner, the Morlgagee shall be entitled to all rnmpensations,
<br /> � awards, and any othec payment or relief therefur. and shall be entitled, at its optinn, to commence, appear in and pronrcute in its �
<br /> own name any action or proceeding, or to make any compromise or set[lement in wnnection with such taking or damage. All such
<br /> compensation, awards, damages, right uf action and proceeds are hereby asaigned to the Mortgagee, who may, �efter ��deducting �
<br /> - theretrom all its espensea, release any moneys so received by it ur apply the same on any indebtednesa secured hereby . The Mort-
<br /> �gagor a8+'e�a to � execute auch further axsignments of any compenration, award4, damages, and rfghts nF actiiin �and proceeds as the
<br /> Mortgegee may � tequire. �
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<br /> . ., . That in .case of [ailure to perform any of thr covenantx herein, the Mortgagee may do on the Mortgagor's behalf everythingr�-..
<br /> � so eovenented; that the Mortgagee may also do any act it may deem neces.cary to protect the lien lhereof; that the Mortqaqor will` .,;
<br /> � repay upon demand any moneys paid or disbursed by the Morlgagec for any of the above purposes, and such moneys togetNer with '�
<br /> � .interent. thereon at the rate provided in said note shall become so much additioaal indebtednesY hereby sec�red and may be in- '�'
<br /> . �cluded in any dectee foreclosing' this .murtgage and be paid out of the rente or proceeds of sale 9( said premiaes it not otherwise � ^�-
<br /> � paid: that it ahall � not be obligatory upon the Mort�ag�r to inquire into the validity of � any lien, encumbrances. or claim �rt ad r �
<br /> � vancing moneya as above authorized, but nothinq herein contained shall be construed as n.�quiring the Mortgagee tu advence nny
<br /> ' moneye for any such purpoae nor to do any act hereunder; and that Mortgagee shall not incur any personal liability FxrcausP nf any- _
<br /> I thing it maydo or omit to � do hereundec � � � � � � � � � � � - '
<br /> � . �� � In the event o[ the drfeult by Mortgagor in Lhe payment o( any installrnent, as required by the Note secured hereby, or � .
<br /> � � - in .the. performance� o( the obligation in. this mortgage or in the note secured thereby, the MortgaRee shall be entipecl to declare the
<br /> . debt necured hereby due and payable without notice, and .the Mortgagea shall be entitled at its option, without notice, .either by itael[
<br /> or by a reeeiver to be appointed by the eourt thercwf, and withou t regard to the adequacy of any security f.�r thr indebtecine� se-
<br /> . eured heseby,rto��enter upoa ,an,d take. pos§ession' o7 the � mortga6ed premises, and b collect and rernive the rents, isaues and pro6ts
<br /> ° � theseof, and; apply . the, sanie. .lesg costs� o[ operalion and' collection, upon the indebtednese secured by this . mortgege; � said rents.
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<br /> iasueb and,.yr08fa being,}�ereby 85signed � to the Morfgagee ax furth¢r <ecurity Jor tfie, paym�nl of al] indebtedness securevl hereby.
<br /> � � � ,� "��f� '�TFap Mortgagec whall have ��the�. power�to appoini any 'agent: or agents it may desire for� the purpoee of repairing� said prem• _ _
<br /> � � . � - isea;. rontirsg the same; collecting the renfa, revenues and incozne, and it may.pay out of naid income all ezpenses ineurred in rent-
<br /> � ing and -maneging the eame and ot� colleciing the zentala therefrom. The balance remaining, if any, ahall lx applied toward the
<br /> � ; � tlischarge ot �he, mo[tgaaa: ind,ebtednesa. This aseignment is to, terminete end become null antl void Upon release of this mortgaRe.
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