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<br /> 7H�� Y'� M TD SY�,• 1��(Y1 .. t ? f .-� .{ � _
<br /> ��,. 1GI��G�A.-b�[FRTHER COV�NlIIVr'!'9y' AND AGREES: . _ • ;' .. '' : ._
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<br /> � . . . ThatKLhe' 1v�Ac�BePpr ���1-,�}b'-�fie indebtedne� m'�hereinbeforc provideci. ., .. . . . . ,� � .r �_ �� . . � � .
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<br /> � . � Tha� � h1,0{�@ or ss fhr`dvr�ter of said pruperty m tre �x+�nple and has good � right and law[ul authority to sell and � .
<br /> cvinvey the �am aed`�fi�t �r��me �.s t's+ee and clear of sny lien oirFenc�i�l�b`rance; and -l�ia"S'r"�vtbrtgagor will wdrrahl{��F7t1. yd�CenS�J`.tFi�..iJA .
<br /> litle to ae�d �-prem�ae/�"s,('�a6ai(pEt .�'kfi4. Qla�"'riqd �qq/ f �L Iferaona whumeoevor. ' ,:, � !� ♦� Ts ti ;xfT£( 1.} �.yst � . . �
<br /> E � C1����{ p t.� 1A Af fl' t ti.}(i %1 Y: li �� �f? 1 �i�i�if�4� �
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<br /> F . . � Tn pa,y, imm�ate�,y�;w,�ner ��1e;�i! pa'y�ble'stl g�neral taxf..w, special� texea. special a,sve:.�nments. w��er c�arges. r�ewet serv- , �
<br /> �' ice char es, and >olFier:�Ye:es an ,te $[ ea age�t � � �� �� � �
<br /> g �} il pm �ty, and �ll ta�es levird on the debt secared hereby, and to (urnish the ,
<br /> � �Mort a ee, u{+on request wttlr `�2� '$�i nal or 'eate , �� ei ts ��he ^ � r � g
<br /> .. � g g x ���� � g � � p re9�or. '�Thr rttregor a reea that there vhall tre added to i .
<br /> � each. �monlhl � a uired hereundei or un.der the evidence pf debt arcured herehy an amount estimnted by the Morfgage�
<br /> _ to be su6ictien�,,lYa`e ;na�� the�'j1�lotfgagee;.to pay, as they becorne aiue, all taxes, anseSements, and simitar . chargea � upon thr prem• :� ' ' �
<br /> . �I�'s'auBjEct'L'hereto; "5tiy d`e`ficiericy fiPcause oC� the ��insu�ciency uf" such addilional payinents shall be � forthwith depositeA- by the �' �.r � � �
<br /> M�c�ag����L.� �l�.,�ortgagee uporCtdeman�i by the Mortgagec. q;+y� tcle�ault under .tt�i}t �araqrvph xhetl be rlcemeJ a rlefault in i . . � -
<br /> � � payment o texes. a5stasme�iits � �,nr�vmelar� Shar&es rFquj,red hvreun�ler . ' �. � , � � � . '
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<br /> , The MortKagor agiees thnt there shall also be added to each monthly peyment of princxpnl and. interext required . here- . .
<br /> '� � under an amount e�atimnted by the Morlgagee tc be sufficient t� � enable thr Mortgagee to pay, as it becnm.ss due, the insurance � . �
<br /> . premium on any insurance, policy delivated to thc> Mortgagee. Any deficiency because uf thc• insufficiency af such additionai pay- � � � � .�
<br /> ments shaJl �� forthwith den�avited by the Morigagor � wifh the Mor£gagee u�x�n demand by the Jlortgagee. ` Any �default �under ihis , � �
<br /> pare�raph ahall be deemed a defaul[ in the payment of in<urance premiums. If the pnlicy or- policies� Heposited are such as Frume- - . � � . �
<br /> � ownets or all risk policies, and the deposits nre insufficient to pay the entirc premium , lhe Mortgagee may apply thr. doposR to � � � � �
<br /> pay premiums on risks required to be insured by thic mortgage. , � � ._. �
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<br /> � Pa ment+a:mad@ by 15�e�, �lortgagur uncle; jha.. a6ove. par.iKraphs {nay.�,. ,�at ChF. .u�i6on . .qf thg M,prt�gage� Uc� held � by it and - � � �'
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<br /> _ commingled w�Eh otli`ez� ypch ,liinds �oT �.l�ts.own ju,s�i7y Cor the, �payment �f suFh itpme,� an� unt�l d'o appYrAd 9cich p�yrfit!'nts are hereby �
<br /> pled�ed as secunty 'f�Y' the ' unjSaid biiiance of' tMe 'ttfortga�;e �ndebteiineas: '- � • � - . ' � - �- � . '� ' ` . � .
<br /> � To prceure, deliver to, and maintain for the benrfit of thr Morttiagee durinR; the life of this mortgaqe e�riK� nal policies an:l ' .
<br /> renewals thereof, delivemd at Ie�asl ten daya tiefore the ��zpiralion of any such policiax, insurinK against firn and other insurnble �� � � � � �
<br /> - hnzarda, caeualties, and contingenciee as the Mortgagee muy require, in nn amount equal fo the indebtedness secured by this � �. �
<br /> ' MortgaSe, and in companies acceptable to the Mortgagee, with luss payaMe dause in fr,vur oC and in fc.rm accept:�bie to the Mortga-
<br /> : qee. In the event eny Yolicy is not renFwexJ on or be:Fore tc•rt dt+ys oC its expiration, th�� Mortgagee may procure insur�nce on the � .
<br /> � imprwementa, pny the premium therafor, xnd such sum shall bec�>me i�nmediatrly due and payable with intrrest at i7ie rate srt � � � . �
<br /> . �� fortti in said note untit paid and shall �r secured trv this mo:[gage. Failure on the part of Lhe Mortgagor w turnixh such renrwals � � � .
<br /> . as are herein requirrd or failuce to pay any sums advanced hereunder shatl, at the opt.ian of the Mortgagee. constitute a default �
<br /> under the ternvY of this mortQa�e. 7'he delivery o[ such policiE-v shall , in :he event o[ dP(ault , constitute an assignm«rtt o( the un- � . ��
<br /> � earned preminm. � �. � �
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<br /> �, Any sums received by the Mortgagee by reaxon of loss or damuge insured against may he re[ained by the Murtqagee � , �
<br /> . and applied toward the payment of the debt. hereby secured, or, at ihe option of the ?.lortgagee, surh sums .rither wholly or in � � � � .
<br /> � pert may be paid over to the Mortgagor to � USP(I :O repair such buildings or :o build ' ne�v buildings in thrir ptacr or for any
<br /> other pur(iose or object satisfactocy to the Mortgagec- without afTE:cting the lien on thr mortqaqe for the fui! amouni �ecumd here- . . . �
<br /> � by be[ore such payment. ever took place_ �
<br /> To promptly repair, rextore ur rebuiid any buildinKs or improvements now ur hereatler on 2he Premixs whicfr may trc- � �
<br /> come damaged or destroyed ; to keep said premises in good condition and repair and frer from xny mechanic's lirn or other lien or � � .
<br /> � claim of lien not expressly subordinated to the lien hereaf; not to sutfer ur permit any unlawful use of or any nuisance to exist on . � �
<br /> eaid property nor to permit waste on said premises, nor to do uny other act whereby the property 6ereby conveyed shall become � ' �.
<br /> � lese valuable, nor tu diminieh or impair ifti value by any act or omission to aM : to comply with all requirement,a of law with respect � �� � � � �
<br /> � � to� the mortgaged premises and the use thereoL : � � �
<br /> � That should the premises or any part thereof be laken or damaged hy renson of any public improvement or condemnation � . � �
<br /> proceeding, oz under the right ot eminent domain, or in any other manner, the Mortgagee shall be entiqed to all compensations. . . . �
<br /> . awards, and any other payment or relief therefor, and shall �be entitled, et its option, to comrnence: appear �in and procsecute in its - . � � . . .
<br /> � � own name any action or proceeding, or to make any compromise or setdr.ment in connection with such taking or damage. All such . � � � � . ,
<br /> � � - compenaation; awerda, damages, right � of action and proceeds are hereby assigned to the Mortgagee, �who may, afLet �. deducting � � � - � � � � .
<br /> � j , therefrom 'all� its� expenaes, retesae eny �moneys �so received by it or apply the same on any indebtedness secured hereby. The , Mor4 � . � . �
<br /> � gagor ��gmes ' to execute� such further assignmenta of any compensation, awards. damages, � and rights of actiun and procecvls as the '�"'� �. � � � .
<br /> Mort6a8ee.� maY +e4aire- : � . . . � _ .. . . .
<br /> � That in case of failure to perform any of the covenants herein, the Mortgagee may do on the Mortgagor's beh'alf everything � ��� � � � . �
<br /> � so covenanted; that the Mortgagee may aleo do any act it may deem necessary Q� protect the lien thereof: that the Mortgagor will - � � �.
<br /> . repay �vpon dem8nd any �moneys paid or dixbursed by the MortgaRPc for any of the nbove purpoxes, and such moneys toRet6er with � � . �
<br /> interest thereon a£ the rate provided in eaid note shall become so much additional indeblednesy hereby securecl and may he im- � � � � �
<br /> � � cluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds o[ sale of :said �premiaes if not otherwise � - � - � � -
<br /> � paid; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any tien, encumbrances, ar claim in ad- �- �. � � . � � � .
<br /> � vancingmoneys �� as above authorized; . but nothing � herein contained � shall be� construed as requiring tfie Mortgagee to advance any � � �
<br /> moneye for any�wch purpoee .nor to ��do. any. aM hereunder; a�d that Mortgagee shall not � incur any persunal liability because �ot any- � � � � � �
<br /> thing - ii may. do or omib to do hereundec_ . . � � � . - . . . � ��. � . �
<br /> � In � the event o[ the default by Mortgugor in the payment of any inetallment, as rrquired by thr Note secured hereby, or � �. �
<br /> in the performanrn of the obligation � in thia mortgage or in the note secured thereby, the Mortgagee shall br Fmtitled to declare the � � � � �
<br /> " .? . debt. eeeured �hereby due:and payable without notice, and ,the Mortgagee shall be entitled at its option, without notic4, either by itse![ : � .
<br /> �� ' ! � or 4iy �a, receiJer �to be � appointed� by t}ie court tfiereof. �and without regard� to � the adequacy of any aecurity for tbe indebtedness se- � � . . �. ���
<br /> � � ' � c�iied l+ereby, to enter` ispon �end take }adsbedsibn' of the - morEgaged � premiaee,� and to collect and receive the rents, isaues and profits � � � � "�
<br /> . � thereol, and' apply the aame; lesa coai�� of operation �and 'collection, � upon the - indebtcYfnesn secured by � this mortgage; � said ' renta. � � � � �
<br /> . . ise�es and proRts� being• hereby� asaigned to the � Mortgag�e as further aecurity for the� payment of all indeAtedrtes.v secures! <h�reby: '
<br /> - � � � . � The� Mortgagee� ahall have the power to appoint any agent or agents it may denire !or the purpoae of repairinq said prem- �
<br /> � �, � ieea; renting the aeme;� collecting the renta, revenues and income, and it may pay out of said income all expenses. incurred in rent- � `�,•�
<br /> � ��ing� and managing 'fhe' same and of''aoIlecting the' rentale� �theretrom:� The balance remaining; � if any, shalt be �apptied � toward the � » c—'�� � �
<br /> , ; .�� dixharge . of � the mo;tgage �adebtednees.. Thia aseignment is to terminate and become null and void upon mlease uf thix mortgaRe. , s�_ . ��
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