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<br /> 78..� 001743
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<br /> T.HE MORTGAGOR FURTHER COVENANT3 AND AGREES: "� � .
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<br /> � i . � ,� , �� "?.R �kere�nbe[or� prwicled. � � � ;
<br /> That _+the Mod ar 1
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<br /> : � . � That t�i� �4i gap �� ts _;Che eiwner of said properly m j simQle aad has , good right and lawful aulhority to sell anrl . ,
<br /> �convey the eamfe� � �t�at �c+ same ia l�ee and clear o[ any lien d��rfciimb�'s�ce: anr2 'that��rtgagor wi�l warrsn!-`g�7dfv�efeirct 't}ie'�� ' N ��
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<br /> tit1e to said '�prem�se��- eq�inst�lli� cia�m��ol" �II pereor�y wh:(scnsoevcr: " -�.
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<br /> . To pay �nnt,ediately`�sv�eri tlUe euid peyaFrle atl geneial taxes; special taxes, special easessments, water charges, sewer serv � ; .
<br /> � ice chazges, and .other•texes and charges agai�. aacd�. pryperty an/1.wF� ta�es }evied on<<t�c �lebt secured hg�eby.. and ,to fVr�ish� the � . .
<br /> � Mortgxgee, upon �ry�,aests. ;svith � pGig,i�at or duplicate rece�pts thrrefor. ��The �1V�1dr!'b�gor agrecs that ' �hete`�� xhal! be tvddee}i t��."`�t?.=:,
<br /> � ' eacli monthly payment. required hereunder or � under the evidence of� debt secured hereby an amount extimat�d by the D9orY.gagee � . � ��
<br /> �i� � � to be suII'icient to 'ena6le the" Mo�rtgage�'� to pay, aa they 6ecome due, all taxee, a9aes�ments, and similar charges � upon � the prem• - .���� � � � �
<br /> � ises`eubject tliemtoc �any deFiciency becau�e of the insufiiciency �iE vuch additional� paymenls shal) fie 7orthwiLh deposited� by the � '�' � �
<br /> Mor�! �o[ ,,with tl�c^ Mortgagee uCwR ,demand by the Mort�,a�eF. Any �i�•fnult undr•r this paragr�ph ,hall be deemed a detault in
<br /> , `�'���' -:����krfl`�as"�c,���alsseasments; nr similai churqec r<quired hereuhaer:� �� � �� � � � � � � � �
<br /> . f'y :�R. �-:(iq`hF�i4�;S ✓1Y ���'J�1:'. r� .'. , i . . '•' 1 .. i : -a " . . . � . '� _ . . . � . . - . .. � . � :'. . . . � � .
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<br /> ` 2'he Murtgagqr agtees.s fhat . therg sh�ll .y.aiso . br�, a�icled: la> each ;monthly payment a�f principal anc} inter`rst .required here- ��� � � � �
<br /> �� i�nder an nmount estimated by the Mortgaqee to be saefficient to enable the Mortgagce to poy, as it l�ecom�x dui�, the inFurance � . � .
<br /> � premium on any insurance policy defivemd to the Mortgagee. Any deficiency becauscr u( thc insufficiency ot such additinnal _ Pay- � . . . �
<br /> � ments �s6el( be forthwith de�xieited 5y ihe Mortga�or with [he Mortgagee u��on dr.man7f by the Mortgagee. Any default unde� �this '� �. � � � �.
<br /> � paragraph shall kre deemed a default in the payment ot insurance premiums. � If the• pnlicy or policies (IP�091tBtI are such as ttome- �
<br /> -. . Owneat or all risk policies, and the de�sits are insufficienL to pay the enlire prrmium, the MortK�Ree may appty- the deposT[ to � �
<br /> . pay premiurns on riskx required to be insurecl by this mnrtgaga = � � �
<br /> PayfiiBais titadE 2)y the, M��rtghgur linder the 9bovc parag'ra�ihs may, �' at the t��tion of � thc Moitgagec� , ke' held � Ay it and � � �
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<br /> � commingled with iihfier suC"�eiFttnds or it� owa (unds for the ' payr�tenEnf such �iiPmv, anii imtil w� � applted,'�sGeh paymcnt;; are hPraby � � �
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<br /> �� plalged as seaSeily�:.fo�: t&e, nripaid. 6alance� oF. �llit� moi��Rage indebti��lney.d: � � ...� � ' . . . � . . ��''. �.. � , . � "
<br /> � Ta fo�ure. deLve W. � and ma�� � . . , , . . ., , , , , ., , , � . ., . . -. . . � .: �. .
<br /> �� A'` ' F intain tor lhfl b�n�•fii, of fhr�� Mortgagee��duung. the life of .Rh�ti mqr;gegy or �ii�al policies and _ �
<br /> renewads thereoC delive�e7d �[ l�sst ten � days trefore�� tht c�,z�iia4on, of �ny svth pot�ci<�s.; �nsuring � L4ainy£`fire end �yther insurahle � � � �
<br /> hazet�e;� mevalties; and�-coritingencih� � as���the-��Mo'tgagee��-�may require;- in � an�= amonnE '�equ 's1�� -tn -� Ehe• indebtednee� �secur.d by this � .
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<br /> �MortKage, und in compaoic*ti'ac`aeptoble to �thi�'�Mortg�gee, . witH �1��ex� payalile clau92 in � favor oG-and'in�forin aceep!a�le' lo the P�Tortga- . � '
<br /> � 6ee. In the event any policy is nnt renewe<i on ur br�fure ten drrys uf ita expiration . the MortKagee mny procure i �surance on the � �
<br /> � improven�ents, pay the premium therefor, and auch 4um shall becnme immediately dur und pnyable with ir.tere4t at the rate sel ' �
<br /> � torth in said note until paid and xhall tx: u�cured by this mortgage. Failure on the part of the M1lortgagor to furnish sach renewals � � � �
<br /> as are herein required ur feilure to pay any sums advanced hc reunder shall , at tiie uption of th.e Mortgagec-, constiEute a rlefault . . .
<br /> � under the [ermx o[ this mortP,�Ke. The delivery of such policies shall , in the er'ent. o( dP(ault, constitutr an assiKnment nf the un• , . �
<br /> � earned premium. � � . �
<br /> � Any sums received by the Mortgagee by rexsun of loss or dama�e insured a�;ai:ist may Lx retained by the ,�lortgagee �
<br /> and applied toward the pnyment o( the debt hereby ser.ured, or. et the option of the Mortgagee, such sums eicher wnolly or in � �
<br /> . part mriy be paid over to Lhe Mortgagor to be used to repair �uch buildings or to build ' new buildings ir. their placr or for any �
<br /> � other purpose or object satisfactory to ihe Murtgagee without af7ecting thc• tien on the mortqage for the .`ul1 amount secured }�ere-
<br /> by before such payment ever took place. .
<br /> To prumptly repair, restore or rebvild nny buildings or improvements now ur hrreafter on the premises which may be- � �
<br /> � rnme damaged or destroyed ; to keep said premi�es in good condition and repair and (ree from any mechanic's lien or other lien or � �
<br /> � claim of lien not expresely subordinated to the lien hereof; not to sutfer or permit any unlawful use of or any nuisance to exist on - � � . �
<br /> said property nor !o permit waste on said premises. nor tu do nny other act whereby the property hereby conveyed shall become � � �
<br /> )ess valuable, nor to diminish or impair its value by any act or omiasion to act : to comply with all requirements <>f law with respecf � � �
<br /> to the mortgaged premises and the use thereof. ;> � - : �
<br /> � That should the premisex or any part thereof be taken or damaged by reason o[ any public improvement or condemnatian � �
<br /> ` � . ptoceeding, or under the right of eminent domain, or in any other manner, the Mortgagee �hall be entitled to all compensations, , � � . �
<br /> awards, and any other payment or relief there(or, and shall be entitled, at its option, to commence, eppear �in and prosecute id itv � . � � . � � � � .
<br /> � own aame any action or proceeding, or to make any compromise or settlement in wnnection with such taking or damage. All such �
<br /> compelmation:�. �awardec damages. right � of � action and proceeda are hereby asaigned to the Mor[gaqee, who� may. after �. deducting � . � .
<br /> therefrozn �alt. �ifa� expenees, release � any moneys so received by it , or appty the samc un any indebtedness secured hereby. The . MorY- � � � � �
<br /> � i � - �gagor • agrees ��4o execute such turther anaignments of any compen�ation, awards, damages, and righ4s of actiun and prxeeds as the. . � � � �
<br /> . � . Mortgagee:.maY �4uire. _ . � . � . . . . . .
<br /> ' That in case o( failure to prrtorm any of the covenant:� herein, the Mortgagee may do nn the Mortgagor's � behalf everything ,,; ,,', � � � ' � �.
<br /> so covenanted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgaqor wi❑ - �. . � . . .
<br /> � eepSy lpon demand any moneys paid or disbutsed� by the MortgaRee for any ot the above purposes, and cuch moneys loget6er w�th � � - �
<br /> '"- iritereat then�on at the rate� provided in � said notx�� shatl become so much additional indebtedness hereby secured � and may Ae m- � ������ :
<br /> � cluded in any decree foreclosing this murtgaRe and be paid out of the rents or proceed� of aale ot said premises if� not � otherwise � ; � �
<br /> paid: tF�t it shall not be obligatory upon the MortqaR� <<> �nquire in[o the validity of any lien, encumbrances, or daim in ad• ' � � � . . �
<br /> � vancing� tV�oneys - as above authorized, but nothing herein contained shall �be construed as requiring the �Mortgagee � tu advance any � . � � .
<br /> ,' � � monep�s� �lorany� euch� purpoee nor. to -do any aM hereunder, and Yhat Morlgagee shall not incur any perxunel liability trecauxe of any- _ - � � � -
<br /> thing�rit may� do or omitr. to do hereundee. �. . . . , � �
<br /> � �� � � �In the event o[ the default by Mortgagor in the payment o[ any installment, as required by , the Note secured hereby, or � � � .� � � .
<br /> in the pedormance o[ the obligation in � this mortgaKe or in the note secured thereby, th¢ MortqaRee shall be entitled to dr.clare the � � .
<br /> �� �� . debt-�secured ..hereby,dug,,and payable without notice, and .the MorLgagCe shall be entitled at its option, without notice, either by itaelf � . � �, � ��
<br /> ' � � � oi by�: a, recCiver to be '.appointed. by the ' court thereof, and without regard to the adeyvacp ot nny secvrit?• for thc indebtedness se�
<br /> cured h�reby: ' to enter upon and 'take poahession' o'f the mortgaged premiaes, and to collect and � receive �the �renta. � issues and profits � � �
<br /> �� . � � . tNereoE and' a "ppiy ttie"eame lesb coets �of operBEion "and collectio++, upon the�' indebtednesa securec! by� this mo�tgage; said ' renta,-' � � � 4 - � �
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<br /> F � �eeues end pF6fi�e iiE'+eg�herebjraae�Rrte�l� 4o �lhe MorfRagve'nv 'IurkBer fircurity for �-lha� nayme!nt irf all indebtednea"$`"si+�'are�. ►�er�eh�� - �
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<br /> � ; � � � The Mortgagee ahall have the power to appoint any agent or agents it may desire [or the purpose of repairing said prem• . ° - F� �
<br /> { ' :� ieea: -.roating � t1�e ,aame:. collecting. the renta, revenues and income, and it may. pay out of said income all expenses incurred . in renF � � .. �: � 't '�
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<br /> (� � ing .:and msneg�ng Lhe� same and� of rnllecting the - rentals there[roml �The balance remaining.� if any, she11 be �applie0 toward the A� ,' �
<br /> � discha o[ � the o a e �ndebtedness. .1'h�s ,asei ent is_ to terminate and become null and void u n release of this mort a e � + ' '� '
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