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<br /> TFlE. MORTGAGOR. FURTHER COVENANT3_ AND AGREE3:
<br /> � � That::tlse� Mort„�aSor w�lt pay the indebtedneas sa h�reu�before, pravided . t .. .. . . . . .
<br /> . � " ,r r , �. tw � .� - �.,. �.. .,�; � , ' ,�;. , � - �,". , ;: ' .- . . .
<br /> � � That � the Mort&agor tstit'� 6wsrer ot sa�d pmpee'ty m fee simple end has good right and tawful authority to sel! and
<br /> � �� � �. convey tl�e same an�i that the eame iK'G �reg and clear of eny I.�en or encvmbrance; and thst MorEgagor will warrant and. defend the � � .
<br /> � . . title to ae�d i'Premi4es`�aKaftleE tiie Cla�rxsaa�,ol all�_p"eiaons �, wliomecevei` .
<br /> � � -- �;�el' k},ro 5 .;��rt 1 ,,�¢ti ' � ..i . .r .. , , _ ,
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<br /> f To peX imme4liaLelY when d�te and payab(e all �`neral taxes; apeciat'laxes, speciel as.wessmentc+, water eharges, sewer �erv'-
<br /> , ! � ir,e charges, and �oiher��lazen� and charges against said property, and all tnxes leviPd on th�• debt securecl hereby, and 'to furnish the ' -
<br /> '. ( � � Mortgagee, upon �YequesY, with' the oAginal or- duplicate receipts�, therctor. � The Mortqagor agreea thaE there shali be added td ` . �
<br /> " � i � � each montfily„ �ayment, required hereuncler or undcr the evidence of debt secured hereHy an amount estimate�i My 4he Mortgagee �� �
<br /> . .. . � _. . . .
<br /> ! � � to be . auB'icient`:io. eria,b(e tFie .Morlpagee�:'. to Pay. es they becomP due, all tazes, asaesvmente, ead similar chnrges upon the ,prex+t- � ,j ; �
<br /> . ; � � � � � i§e's subjeef thereCo: any'deficiency 6ecause �oP� the �insufficicncy oF such additional paymentc xhalY` be forthwith� dep�miCed � by ' th� � �� "" ;� � �
<br /> ����� MortgaP�o wif,h tt�e Mo tga�ee upon demand hy the Mortgagee, Any default onder th�s,�paragraph shsll be deemed a default in �
<br /> �, ���{�r�t'Fof t9'7ce�''�'�entF�' �r v�m�ilar charges requ� red here�in9�P �� � � ' � ' �
<br /> Jf1Si 2i.Tf,21 "T C6'.- T_i.: 'q�- ..,, �f: :1 . . .: : . �7 "� •3 i.. . .., 5 . . , , 7 < . . � . ,0 . � , ,. . , . . , .. L.. , m .._ . . - 7t:i1. '. . . i . �� i t .�. "! fi• • i�7iiE
<br /> � . , „ . :. .. . . . . . . , . . .
<br /> � - The'�t,Rrfgego,r;xgrBes;ft}eC therp-�qhaf) `�;�jyq;ba : a�ld�c� b<r:each 'myritl;ly paymeni of principa] anrl intrresL required. hese•. : ' .
<br /> under an amount estimat<cl by the INortgagee tu be si�cient to en�ible the 1,fortgaKer to pr�y , as it becomea rlue, the insurance i;
<br /> premium on any . insu:ance potscy deliverecl tu tha biortgagee. Any deficicncy because of the insutficiency of such,,additional pay- " '� ��� .
<br /> � menfa � xhall � be fortfi�vith iiepcxitecl ' by the � Mortgaqoc �with the Mortgagee upon demand by. the MortgaRee. � Any �defautt under this �� � �'' . �
<br /> paragraph shall be deemed a � default in the payment� of inxvr�nce premiums. If the � pnlicy �>r � policies depovited are such aa� trome• ' �5�, . . �
<br /> ownera or all risk �liciee, anci the depavitx are inau(ficient to pay the rntire premium , the MortqaR�e may apply the depoviY tn • -
<br /> r,
<br /> pay premiuma on risks rrc�uired to be insurtvl by thie mnrtgaga c
<br /> ' . .. -. t � .. ,,, r .. . . . . - . ., ., .. . , . ,t. . , . . . .., .. � . , . . . � .
<br /> `i Payments made by the hfurtRaK�� undet �the a6ove�� paragra�ihs may� at the �ciption nf the N(ortgagee, �e��� held ' by it and t ' �.
<br /> commingled with other sur. h funds or it_s own funds (or the payment of such items, wnd until so applind, such payment� are hereby .
<br /> . pledged as security for the unpaid balance of the mortgagr indebtednras. � � �
<br /> � ; To prceure, deliver to, and maintnin for the benefit of the MortgaKee during the life of this mortgage original policiea and . .
<br /> � renewals thereof, delivercYl ut least ten dnys Fwfore the expiraLion of any such policies, insuring against tire and other insurable �, . .
<br /> . . .hazarda, �sualties, nnd contingenciea as the Mortgagee may require, in un ainount equel to the indebtednesa secured by � this
<br /> Mortgage, and in companies acceptable to the Mmtgag��e, with loss payable clause in favor of and in form accr. ptable to the Mortga• .
<br /> � � gee. In the event any policy is not renewMl on or bofore ten days of its expiration, the Mortgagee may pr«:ure in�urance on the � � � � �
<br /> � improvements, pay the premium thurefor, and such sum shall become immedistely due and payable with interest at the rete srt . -
<br /> � : forth in eaid note until paid and SFIRII h(! ucureai by thix mnrtga�c. Failure on the part of fhe Mortgagor to Curnish such renewals � � � .
<br /> as are herein required or failure to pay any sums udvanced her�under shall, at the option of the Mortgagee, constitute a default . * �
<br /> � � under the terms o[ this mortgage. The delivery of such policiea shall , in the event of defuult, constitute an assignment oE the un• ° �
<br /> � t earned premium. � . .
<br /> �
<br /> � Any auma received by the Mortgagee by reason of loss or dnmage insured xgainst may be retained by the Murtgagee � � ..
<br /> . and applied toward the payment uf thP debt hereby secured, or, at the option ot the Mortgagee, such sams either wholly or in � � '
<br /> � � . part may be paid over to the Mortgagor to be used to repair such buildings or to build ' new buildings irt their place or tor any
<br /> � other purpose or object satisfxMury to the Murtgngee without aftecting the lien on the mortqage for the full amaunt �ecured here- �
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<br /> by before such payment ever took place. � ���� � � . -
<br /> . To prompUy repair, restore or rebuild any buildingu or improvemenfs now ur hr. reafter on the premixes which may be• � �
<br /> - � j rnme damaged or destroyed; to keep said premises in good condition and repair and free from any mechanic's lien or other lien or .
<br /> � cleim of lien not expreasly subordinated to the lien hereof: not to snfter or permit any unlawful use of or any nuisance to� exist on .
<br /> said property nor to permit waste on said premises, nor to do any other act whereby the property hereby conveyed shall become � �
<br /> ��i � - � lesn valuable, nor to diminiah or impair its value by any act or omission to act : to comply with all requirementx of law with reapect � � ;
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<br /> � j :, .� �to the mortgaged premises and the use thereof. � . � .
<br /> That should the Premises or any part thereof be taken or damaged by reaxon of any public improvemant or condemnation . �. �
<br /> . proceeding, or under the right of emineni domain. �.r in any uther manner, the Mortgagee shall be entitled to all rnmpensations, , �
<br /> � '� � awards, and any other payment or relief tfierefor, and shall� be entitled, at its option. M commence, appear� in and � prosecute i� ite � ` � :
<br /> own name any action or proceeding, or to make any compromise or settlement in connection with nuch takinq or damage. All such .� � . .
<br /> - � �� coridpeneation.- awarde, �damagea. � tight ' ot �action. and � proceede are hereby assignnd to the Mortgagee, who may, efter deducting ..t.; �
<br /> F. �� � therefr6n� 's11 its: ezpenaee, xelease . any moneys so received by it or apply the same on any indebtedness secured � hereby. TherMort ' �
<br /> � ? . gagor -agreea '.to; ezecute`�.such further axsignments o[ eny � compensation, awards, damagea, end rights o[ action and. nrocaeds av the .
<br /> . . MortBaBee :maY reQvice. � . � . � � � � � � , .... � .
<br /> � � ¢ That in case o[ failure to perfurm any of the covenants herein, thr Mortgagee may do on the � Mortgagor's �trehalf everything ' - � ��
<br /> eo covenanted: that the Mortgagee may also do any act it may deem necessary to protect the lien . thereoF, that the Mortgagor will . ..
<br /> rejSay upon �demand �any �moneys � paid or � dixbursed ' by the Mortgagee for any ot the above purpoaes, and sueh moneys� togetHer with �,. ,-��. . .
<br /> �iriferest'thereon��at' the rate �provided 'in naid note� ahall #�ecomr, so muck additional indebtednesu hereby -secured� �and may - !ae im �� � .
<br /> � � � duded in eny decree foreclosing this mnrtgage and be paid out of the rents or proceeds . of� yale �oLsaid � premises � if nob otherwise � . �
<br /> paid; that it ahall not be obligatory upon the Mortgagee to inquire into the validity o[ any lien, encumbrancea, ar claim in ad• �: �
<br /> � vencing� moneys.as�. aboye �-aathorized; �but, nothing � herein cantained ahall . be construed as � requiring� the Mortgagee to advance any ' �
<br /> � � � moneys�: for.- any such -:purpoae nw.to,.do . any aM hereundez; and that Mortgagee shall not incur any perwnal liabitity hecauxe o( any-
<br /> . � . thing ik may< do -or..omit :to do hereunder_, � � . � . . . . - . . . . � . "���
<br /> ' �.i . . . � � �, . , .: . , : � . . - . . ' .. �� -. . .-.. . . , . .. . . . . . . . . . . , . . . �. �. ' .
<br /> In the event o[ the de[ault by � Murtgagor �in the payment of any installment, as required by the Nole . aecured hereby, or -. .
<br /> in the perfurmance of the obliSaEion in this mortgage or in the �note secured� thereby, tbe Mortgagee shatl be entitled tn declare the : � �
<br /> � � debt� eecured hereby due and payable without notice, and the Mortgagee ahall be entitled et its option. , without notice, either by itaelt . � �
<br /> E or,l,ry a receiVer to be 'appointed � by the -�court thereof, and withoui regacd to the adequacy of any security for the indebtedness se-
<br /> :� � cu"ied laereby; to e�tter :vpon and teke pes�eas�on of, the mortgaged premisea, and to rnllecf �and �recei've�� the rents, 'issues and �proSta � . � : .
<br /> sa :
<br /> '; t �� tfiereo[� and°-apply- tFie�. �eme; Jess cwefsi�ot operation and etillection, � upon the-� indebtednesa eecaYred by � 'th�a ortgag�e, '�i�l� �enis:� .
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<br /> 9 . _ . . � � .. r'� �:
<br /> � � iaehes�endpiq&fa'kieing�-hereby`ass�gned �#o theMortgagee� as turther securityfor tha payment o[ alf indebtedneas �sen��t�it� h ie y. � � �.
<br /> � '... . . ,� . . :. . . . . . . . � . . . . . . � � - :: : ., �:� . . . . . . . .
<br /> '� ' � � � �� TF�e�Mortgagee ehall hava the power to appoint any agent or agenLs it may desire for the purpoee o[ repairing said Prem- � �� . -^��_
<br /> iaes;. renting the same; collecting the rents sev,enuea and income, and it may pay out of aeid inmme all ,expenses incurred in. rent- � �
<br /> ' ing, -a� managtng the�� aeme an� of co7jeet�ng the rentals� therefrom. The balance remaining, i[ any. ahall 6e applied toward tFu .
<br /> `� �. � discher8e of ;the mortgage mdebtedneas„Th�s asaignment � is to terminate and become null and void upon., release of this mortgage. � � �
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