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<br /> �s-- Oa1674 _
<br /> 'T.HE. MO$T�P)GQ;i; FWR� i:CC1Q3TrP.NANTS � tA21D ;A '1.'REES: ' � ":; . -: C ,i:� % ` �';: 7 �!¢° ' 'r. :� i "
<br /> � � � � That the M��rtgagor will pay fhe indebtednesa .aa�,hereinbefore provided. � � - � �
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<br /> , . � � Thst the Moitgago[ �u�. fhP dwner of said property m fee �simple and has � good right. and Inwtul authorit�y to sei! and � " � � � �
<br /> ; � �� , � convey the same ��d,f6fa� '1hb samN.+ i� �ree and clessr o[ any lien o`tC'er�l�iSlirnnce; a'ha�-tlaa��lti[o�igaFor wiil warrant��anef �efenX �t�reF��`t� .
<br /> tiGe to said �'Premiees'`a�a�naC'rt}te cT�rma; y�'fill Peno+w, w3ioaneoevrr � � �' £. ' �T? .€""'T"%?
<br /> � . . . , �" �� f c � r� j :.srt �.�r;s5 �; ' .:. ' ., :. i�, -cs AAf9I;1:ihL raC�� L . .
<br /> - Tn �ay m�m�fi�aCYly w}ign tSl�O and ji�yahle �all' general ta�tes, sNeciet �:t'axes, _ xpecial .axwe4.smenta. iy� tatef �c ��,gra�wec�{�r� �; t`�,�
<br /> ice chargen; and o�her-texes' anv charges ag�iinst said proxrty, and a1�i�Xe.s l�viF�1 pp t e rlebt aecumd S�c��`Tly{, a1Ci7 t5n`'Y8'�h�sh` the ` �
<br /> . � Mortgagee, Upon Fetj��,lrvith �t�e �acr�g�nal �r-��Yp�icate rL^�eipts�-�erefdr. The Moi�gor agreew that there shall be added to � �
<br /> � �I - � each monthly payment required hereunder or under k6e eviclence uf debt secured- herekty an aanount estimoted by the Martga�ee .�. � . � � ���
<br /> � to �be sufficieYetJ W'et�ble , the��Mortga��x+;to a -. . . . �� . . . . M Po . P � � �. ,' : `.� � : .
<br /> ' ; p y, a.s they become due, aU ��taxes, i�essmenta, a�id eimilar �rhai �� u o R.hc rem �. `
<br /> � i5���subjecf��thereto;� any de88iency k�ecauce bf -the insufficiency <�f such � ndditionaT pAymen�isi stiall � .he� ..[otRhsvifh �depvsite8'$}�' the' � �` r�:� � �
<br /> MQ�t�agQc�. � ith t¢r , D�ortgt�gee upon t.IRmand by the Mortgage�. Apy detnult �ndMr��Eh���ragr�P�8N�1 � ��remed a default iir �. � �
<br /> ' ��er;t-�LcAcPc �.�de�Asioenta ' nr v�m�1Ar charges rrquired hereu�et - � � � � . �
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<br /> � .. .�1.Y_�t« S�.s�.:�i' , ���'.:��rtg��or'Bgreen�^,thst �'Lhere, ahail. ,ailvo;���' a�lded :..t.�;;�ach �. z�,nthly paymenR. of . principal and interest ,-equired hete- �. . . � . . � .
<br /> � under an arnount estimntad by Lhe Mortga�ee to Ue siili'icient to Fnable Lhe htortgaicec to pay, ns it becomps due , the insurance . . . �
<br /> - preenium on any incurance policy delivered to tbe Mortgage�. Any deficicncy tx�cause of thc in:�ufficicncy of s�ch aJditional pay- � � � �
<br /> ments nhall 't� forthivith � depnsited by tHe Mortgagor witM the Mortgagee uryoa demand hy the MortgaSF'e. Any default under triis � � �� � �
<br /> � pax�agraph shall be deemed a default in tht payment of inaurance premiums. It th� ��licy "or t+��icies �fepnsited arv sur_h as lrome- � ,
<br /> uwners or all risk polirie., and the deFx�siLv are : nsu�cient to pay the entire premium, th:r MortgaR�" T�Y �pP�Y �he dr�sft to � �
<br /> �� pay premiums on risks reyuired to be insured by this morlgage. � � � �
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<br /> . Paymen4v� made by the Murt�ugor under fhe abovr• parngrnphs may, at tl�c optron � pf-.the Mortqn�ceo �.hr-. hc-Idr_by it and � � � .
<br /> '�. coenmingleci with other such Eunda or its uwn tunda Cor the paymcnt. r�f cuch itc•ms, and until w> �apPlied, such payments� are bPreby � � � � � . �
<br /> , pledged as ser,uritv for [he unpaid balance o( the mortKaqE+ indobtcdnesr. , � . � .
<br /> To procure, deYiver to, and muintain for the henefii ��f the• hinctgager during the life of this mortgage uriFina� policies and � � �
<br /> �� renewals thereof, delivered at teast ts_,n days k.r[ore lhr c�xpiration � �f any such p�dicies, insuring ageinst fire nnd other in�urable ��� �
<br /> hrzzsrds, casunftiea, Knd contingencies as the Mortgagrr m:ay reqvire, in nn nmoun[ equal to the indebtednees secvred by thiw . � �
<br /> MoHgage, asid in compnnies xeceptable tn the Mortgagi•.r. with lovs paya6lr clausr in fnvor ut' and in form acceptaM� to the Mortga- � �
<br /> ��. gee. In the event any poliry is not rrnewiv: on oc bnfor� trn days o( its �+xpirat.ion, tho D1ort�agec may procurP insurance on the �: � � �
<br /> �� im.pr`rvementa, pay the premium tF�rFfor, and ::uch sum shatl fi.x:>me immedlately duc nnd paS'able with intereat at the rate set - � �
<br /> � [orth in said note until paid xnd shall be ticcured by this mnrtgage. Failure on the parl of thv �lortgagor to furni�h such renewale ' � -� �
<br /> � as are herein requiced ur faihire fo pay nny cums advanced hereunder .�hall, at the option o[ the MortKagee, ronstitute a dafault � . � �
<br /> under the terms of thix mortRa�e. The drlivery vf wch polici.•ti shall , in the event of de!a�lt, c�nnstitute an assiqnment of the um . �
<br /> � earnecl premium. . . �
<br /> � � Any sums received by thP Mort�;aKF'F hY r�f�con ni loes or rlamng�� incured aKainst may F� ret�inrd bY tti� MurtQagee � � � ��
<br /> and applied toward the payment uC the P.ebt hereby u•curFd, or. at the aptiun of the Mortgagee, such sums either wholly or in . . . '� '
<br /> psrt may tx paid over to thr DAortgagor in tre used to repair such bui:dinKs or to build ' new buildings in their placr or fnr any . �
<br /> othei purpose or object satisfactory to the Murtgagee without nHectin�; th.� lien on the mortqage !or the ful ! amouat .ecurrd Mrre- � � .
<br /> � by hefore such paymen! c-ver t<�k place. �- � . � � �� �
<br /> - T`o prvmp[ly repair, restore or rebuild any buildinF:+ nr improvements now ur hre�eu`ter on the premixs which may be- � . .
<br /> � ' rnme damaged or destroyed; to keep said premises in g<x�d condition and repair and free from any mechanic's liEm or other lien or � . - . .
<br /> claim of lien not expressly subordinated to the lien here..(: not to xuRer or permit any unlawful use o[ or any nuisance to exist on � . . . . �
<br /> eaid property nor to permit waste on said premiaes, nor to do any other act whereby the property hereby conveyed shall become � � :� � .
<br /> . � lese valuable, nor to diminish or impair its value by any act or nmis�ion Lo act ; to comph� with all r�quirements uf law with raspect � � . � � �
<br /> : to the mortgaged premises and the use thereof. � � . � -�.
<br /> . That ahould the premises or any part thereof be taken ur demaged by re�san of any public impmvement or condemnation . . � . � .
<br /> - � proceeding, or under the righi o[ eminent domain, <x in any other manner, the Mortgagee shall be entitled to all rnmpensations. . � � �
<br /> awards, and any other payment or retief therefi�r, and shall br entitled, at its option, to commence, appear in and P��te ��in it� � _ � : � �
<br /> own name any action or proceeding, or to make any cumpromise or settlement in connection with such taking or damage. All such +�-`� � �
<br /> � co�iipenastion.. awards. dameqea, right o( action and proceeda are hereby assigned to the Mortgagee, who may, after deducting �.., � ! . . �
<br /> , � tlaere(tom atl its� expenses. re�ease anY moneys. so received� by it or apply the same on. any indebtednesv secuzed hereby. The Morb � .� � � � �.
<br /> gegor agrees�. �to � execute such further assignments o[ any compensation, awards. damages, and rights of action and Rroceeds an the , , _ „ �� � � � . �
<br /> . Mort6a8ee maY re4vire. . . � . � . . � � . . �
<br /> - That in case of failure to Perfurm any of the covenants herein, the MortgaRee may do on the Mwtgagor's behalf everything � �� �- .. . . .
<br /> so covenanted; that the Mortgagee may also do any act it may deem neces.sary tu protect the lien thereof: that the Mortgaqor will � � . �
<br /> repey upon demand any moneys paid or disbursed by tbc Mortgagec tor any of the above purposea, and � such moneyc toqetlier with �
<br /> � ialeielt� the'eon''ab the �ata provided' . in� seid note ehall become eo much additienal inbebtedness hereby secured and may� be in- . � . .
<br /> - i � claded in anY decree foreclosing this mortgage and be paid oul of the rentv or proceeds of seF.e of said premixes � if not �otberwiae �- , , � �
<br /> � � paid; that it shall not be obligatory u{wn the Mortgagee to inquire into the validity o[ any lien, encumbrancrs. or claim in ad- � � � , .,
<br /> � vancing: moneys .as� above � authoriaed, but� nothing herein contained shalt be cons4ued as requiring the Mortgagee ta advance any . . .
<br /> . ! . moneya� for any �auch �purpoee nor !o do any act hereunder; . and that Mortgagee shal! not incur any pensonal liability becausr of any-� .
<br /> ��� thing,.ii:may. do or�.omit .to do hereundec . �. � � � � . �
<br /> In �the event of the defaul! by Murtgagor in the payment ot any installment, as required by the Note secured hereby. . or . . �
<br /> �. i in the performance o[ the obligation in Lhis mortgage or in the note secured thereby, the MortgaRee shall be entitlyd to declare the . �
<br /> � debt secured hereby due .and payabte without notice, and .the Mortgagee shall be entilled at its option, without notice, either by i49elf . � � . � �
<br /> � - or, by` 8 receivtr to, be "appointed by the court thereof, end without regard to the adequacy of any security for the indebtedness se- . .
<br /> � ca"red hetelry: to enter upon �and take � puskesdibn' of �the � mor[gaged premisee, and to collect � a�d �receive the rents,� issuex and profib � . .
<br /> thered, end� apply thrsame, .less coeta of operation and collection, upon the indebtcKlness secuced by � this mortgage � said �rents,-
<br /> � � iseuea and plofifabeing'htreby�`aesigned`to the�Mortgagee as fuHher aecurity for the �paymen[ o( all in�lebtrdnra.e se'cfited •fibPe!Ky. � �
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<br /> �� � � The Mortgagee ahall have the power to appoint any agent or agenGs it may de�ire for ihe purpose of repairing said prem- � �
<br /> ' � .' � � :�iaes; renling. the game: Coltecting , the . rents.. revenues and income, and it may pay out of said inrnme al! expenaes.incurred in rent- ��� � �
<br /> ` �� �.ing .�.and� managing theVeame . and of collecting th'e tentala therefrom. The balance remaining, i( any, shall be � applied toward the . `
<br /> � � �, � . diacharge of the mort,gagG indebtednexs.. This asaignment is to terminate end become null and void upon releese of this mortgaRe. � " -- 3
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