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<br /> . � DDIORiTG'.#C�I�''F'CJRTHER CO�TTA1i1T5"�itND :4GREE5: . . G .r:';.'r ' - '';T : "'.
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<br /> - . That � the Motlgagor .p�Hy�uy,_1he indebted�r.ss-.•a� hereinbefore prwided. . . �. ; . �.. � � . . � � � .: � i:._.+� ,- PC:,� :. i-� . . . �
<br /> �� That � 11�orf�@ ot�s {he 6wner of sn�d property in fee si�ple �� and has � good ri ht and lawtul authonty to r.ell and� �� ' � '
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<br /> � . cnnvey the sam l�ed'�h�t �hF*name tnrf.[ee and clear o[ any lien �r $enNm�rance; and� that'�Mbrtgagor will warra'atCLnd.;dPferidAl6'e13tiFi ,: - � '�
<br /> . title to seid .premie� agamaf. t,F� claiicts, of s�i�.. per9nns�. �whamaoever_ . . t; !:: , ; `4 � r+ ".
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<br /> , . , . � . � .. . . . ' �f " t' ?, t: i:f�et � Sf"vi}i�� .
<br /> a . . . To pay uqmedtate2y;wlie+� �dUe pnd payable'ull general, taxes, special taxes, . special as.9rssmenfa; water rfiarges, sewer serv- j � . �
<br /> � ice charg�, and oflier ta:es� anci �i�{��siags�t �}a�i� proQeFty, and .pli�ta�x,es 1¢viMl on �the �lebt secured hereby, and to Turnish the y'�
<br /> ,�R g'�hal , .oY '�t�pticate �r�ceipte �Ehehe'�iir. � The �rtp,egor agrees lhat there shall M added to
<br /> Mortgagee. upon r ucst with t�c� '^b .
<br /> � , , ,_, , under nr under the ovidence of debf eecumd hereby an umuurit evtimatvd by the MorLgagee . �:� � �
<br /> each monthly �a�t�gn��wred herP
<br /> � , to be au}ficienE to' onable,,iliC"�MOt��e'CE�. �o �8y, 3S they becomc: due, all taxes, as�w�saments, s.nd similarchorge9 upon � the prem- s �' � �
<br /> .� .�15��nit � tl� tc� �i y� 7eficieney I�cau"se �>f the in,vu�ciency o.` �vch additionnl �ayments shr�ll he fc�rthwith � denasitPd by the� � .,��:'+'.y:. �
<br /> . 11yoe�a�o�- wy���,;,R�rtgngee ��porh� drmanc! t�y the �lortgugev,. AnK :�3e(ault unrlrr Lhi� �>araKr:��>h shal� he r!eemed a �lefnult in � : . � �
<br /> �, pay`ment� �r� taxes, assp�yrqe� nr sitnilar ,chargeR requj.red h� reunaii�� � . . . . .� . �, i.� . . . .
<br /> e9Y� " �+ ' �. Su .� j(i:yF'1���('!.'X;S �la i.'C3P.3� Ri b"� • �TuL .. � , :�'.'. .TF,.�". if > .0 �i: �a d S .`y1' 1c7C � Lr .�! .'AF3#'j ,RXa'�,'�' ;: � f �
<br /> . _ . . � � - . ., � f ' , . ' � . ` � '. ,
<br /> , : ns : 1T iaz;F'.7l:he�'>AIc.eC�}M�Xdffa'gr� � LR�t -t}ien �?+FY�+TI� aTso��Ui+�'addeilt"fr'each -tnorithlyya�lt�enLFifpr�nciJial��and �nti�ie�� . rCcjui 'red �heze=� ` �
<br /> . �, ,g„ip��l�s;ytr? amount exlimated by the blortgxqee tu be sutTcient tu enabl�- th� Morlga;ee to pay , as il � bccort�rs due, the insurance � . � � � �
<br /> premium an any insurance. poticy delivrred to the Mort�ager. Any deficicmcy because uf the insu�ciency o[ Such additinna3 Pay- � � � �
<br /> . menta ' xhufl � txi torthwith �lEpce�itrd by the Mortgagor with the M1iortgagee upon dem�and,�,{Sy Ehe Mortgagee. Any default unde.r this � �
<br /> �. parugraph ahall be deemed a default in the paymrnt of invurance premiums IF��t "l�h` �ID�• or Fxrti��ies .�deposited are such is hvmc- � . �
<br /> ownees or ali cisk {wlicies, an�l Lhe de�waiLv rar�• ir�xu({icient tu puy thr .•ntirr premiufli, � the Mor!ga�Ce may app2y the ieposit to � � � .
<br /> � pay premiums on risks required to be ir.sur.�c! by this mor!�ake. � � �
<br /> Puyrqeotx . macl�a, by She lYlnrtRagor un¢er the�. u�ove �a�ag�aµhy ,c;�ay. yt thc ,upfion� af thr" ?lI{irtyagte„-!ie hc2d � by it and � �
<br /> � comminK�ed wifli� �ot}iec such , funds n['.iks,own funda (ur �thA � ayment �+f FUCh SLems, � and until �sb applmd; 'such pxy+rfients are h�•reby �
<br /> � : � � . .� :. . . . - , . . . ; . :.
<br /> pledKed as securfty 'fof' thE� 'vnpaid 5alance of tFip 'rriortga�;e � indr6tedness; • . . � . : . .- . . '. - ��. ' . . . �, .•. . •., . ' i . . . :
<br /> To procure, deliver to, and mainlain [or the brnefit u( Iht� :�TnrtgnKre during th.� li(e of this mortgage uriginal policies and :
<br /> renewals thereof, de(ivered aL least ten dnys I�fori� lhe expiratinn <if any sucii policie,, insuring agains! fire and uther inaurable � � �
<br /> ; hazezda, canunitiee, and rnntingencies ss the Mortgngee may nquire, in an amount equal ta> the indebtednc:se secured by thiu � � � �
<br /> Mortgage, and in companies nccepWble to the Mortgager. •,vitn Ie�cs peyable ctausF in favnr of and in form acceptable to the Mortp,a- .
<br /> . gee. In the event eny policy is not renew�rl on or 1�(ore+ irn rlays of its expiration, thc MurtKagee may procure insurance tin the � �
<br /> � impeovementss, pay the pre�mium tharrefor, rand such sum siiall fiecnme immedialely dur •r.nd payable wi[h inlerext at the rate sei ' . � �
<br /> � � forth in said nota: until paid end sha❑ be secured 6y thic mnrtFa�[e. F&ilure on the part of the Mortgagor W furni�h such rrnewals �
<br /> es are herein required ur failure to pay any sums advancrd hrre•undFr shall, at the uption of the blortRABee, cunstitu2e a detauft � �
<br /> � � under the temes of lhis mortQn�;e. 'I'he dFliven• uf vuch policies shall , in tF�e rvent of rlrfault, c•onstitute an assiKnmeni o! the vn- 'r' � �
<br /> earnecl premium. � � � . �
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<br /> � : Any sums received by thr htortgagee by reason of loss or damage insured against may be relsinrd by the Mortgagee �
<br /> � and applied trnuard the payment of the debt hereby secured, or, at the option af [he Morfgagee, such sums either wholly ur in
<br /> � part may be paid over to the Mortgagor to Fx� use•d to rerair such buildings or to huild ' new buildinGa in thrir place or for any � � . �
<br /> . other purpose or object sstisfactory to the Murtgagee without xfTectin+; the lien on the mortRa�e for the full amount securrd here- : � -
<br /> : by be(ore such paymen[ ever taok place. � . . � . �
<br /> � � To prompNy repair, restore ur rebuild any buildiny,s or improvements now or herratter on the Premises which may be- � .
<br /> , come damaged or destroyed ; to keep said premises in good conditiun and repair and tree [rom any mechunic's lien or other lien or � � - �
<br /> . � daim o( lien not expressly xubordinated to the lien hereof: not to sufier or permit any unlawful use uf or any nuisance to exist on - � � �
<br /> . said property nor to permit waate on said premisex, nor to do nny other acl whereby the pro�erty hereby conveyed shall hecome ' � �
<br /> � le6s valuable, nor to diminish or impair its value by any act or nmission to act : to cnmply with all requirements of law with respect � � .
<br /> � � to the mortgaged premises and the use thereoL .
<br /> That should the premises or any part thereo( be taken ur damegrd by rrason of any public impruvament or condemnetion � � � � �
<br /> � , � proceeding, o� under the right of eminrnt domain, or in any other manner, the Mortgagee shall be enlitled to aLL compensations. � � �
<br /> � awarda, and any other payment or relief therefor, and shall be entiNed, at its option, to mmmence, appear in and prrnecute in � ib� . � �� � � � �
<br /> . own name any aMion or proceeding, or to make any compromise or settl�ment in connection with such taking ur damage. All sueh : � � � � � . . �
<br /> � � compensation, awarda. � damages, right � o( aMion and proceeds are hereby assigned to the � Mortgagee. who may, after deducting .� � � � � . �
<br /> � � . ' therefrom all �ita� experuea, zelease any moneys eo received by it or apply the same on any indebtednev secured hereby. The � Mort- . � �
<br /> � � � gagor�agmea � to execute� such furthec assignmenls ot any compensetion, awards, damagea, and rights o[ activn and �roceedx as , Rhe � .
<br /> � � MortBaRee, maY �quire. � - � � � .. . . �
<br /> . � That in case ot failure to prrform any of thr covenants herein, thr 'vlortgagee may do on the Mortgagor's behalf everythinq �.. � � � � �
<br /> so covenanted; that the Mortgagee may also do any act it may deem necessary lo protect the lien thereof: that the Mortgaqor will -�- �
<br /> tepay �pon demand any moneys paid or disbursed by the MortgaR�e for any o( the above pur=>osea. and such moneys toRetlier with - � � � �
<br /> interest ��thereon at� the rate � provided in said note shall become so much additional indebtednese hereby secured a�d � may he ia- - � �
<br /> � cluded in any decree foreclosing this morlgaRe and be paid out of the renis or procr.eds of nale of l+aid �premiues i( not otherwise . �
<br /> � peid; that it ahall not be obligatory upon the MortRagee to inquire into the validity o[ any lien, encumbrances, or ctaim in ad- �
<br /> . . vancing �moneya '��as above authoriaed,. but nothinq herein contsined shall be construed as requiring the Mortgagee to advance any � �
<br /> �, � moneye� forany �auch� purpoae nor to �do any ect hereunder, and that Mortgagee shalt not incur any personal IiaF.ility because of any- " � . ' �
<br /> � thi�g . it may do or omit2o do hereunder. , � �
<br /> � �� 7n the event of the detault. by . Murtgagor in thepayment of any . inatallment. as required hy thr Note secured . hereby, or . � � .
<br /> � � in the per[ormance of the obiigation in thia mortgaRe or in the note secured thereby, tbe Mortgagee shall be entitled tn declam the � �
<br /> debt aecured .hereby. due..and. payable without natice, . and. the Mortgagee sbaU be entitled at its vption, without natice, either by itselt � � � �
<br /> � � or� by a, rec¢ivet to be �appu[nted by the eourt thereuf, and withuut rngatd to tke adequacy of any aecurity fur tbe indebtedneaF ce- ,
<br /> ' cuied hereby; to c�nter' upon �, and take' posBession"of the tnortgagedpremisee, arid to collect And � receive the rents, � issues and profits � � � .� : � �
<br /> ! � thereof ' aitd` appiy the sivne: ]eae crosiv� o[ operation and ��eollecNon, upon the � indebtednesa xecurecl bq this mort$age; � said rents. � "'`' � � � �
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<br /> ' ' � ieeues end � rofits-6ein" here �aesi neil� to the'Mort a �ee as further necurity �for the ' � '� � ` ' " � � �
<br /> P � 8 b3' B R 8 Payment of all � ndebtrdnPss wrurwl •herdby[` .
<br /> , - � � . The � Mortgagee ahall have the power to appoint any agent or agenfs it may , deaire �for the purpase of repairing �said prem•� � �� � `"��� �
<br /> . ieea; . renting the, aame: rnllecting the renG, revenuea and income, and it may pay out of said income all expenses incurred in rent• '�:. � ��yr°�,. . �
<br /> f � ing�� and managrng !he same and of collechng � th`e � rentals � �therefrom. The � balance remaining, �if any. shall br applied toward the �".; ,� � �
<br /> , , discharge of the mortgage �ndebtedneas_ Thia ase� nment ia to terminate and � bernme null �and void u � R �� t .
<br /> . g pon relebse of this mort a e, s
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