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<br /> �� . -'A#s 78- U01745 ,
<br /> � � ., 16I0`ATG�[GOR�'k'tJRTHER : , A < i41�S`l�"A�II� AGR�.ES: - . Y. .
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<br />. , � That, the; Mortgagor ��i„��he indebtadness es bereirtbetore �.provided. . . . . . � . . . { _ . _ r .i . -�.: . � �- ���
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<br /> - � That th�. 11�<ejt � a� ie the� ¢wGtfer o( sa�d property in fee si�ple �and has good ' right and lawfut authority to sell anrl � � � � . .
<br />� convey� the seme�'ari�'���he��aaMe :)a Itee aqd clear , of, any lien oi �enedtiib� rancc; and ��.h6E'�MArtgagor wili warratil.f'a�idxdpferid!'.therS 'A .
<br /> title to eeid '� reinrses` ggainad + �: � �� xa . . . .
<br /> p 4}te, cFanv�s oC xa�I P4raons :vhomsoever. . ,' � t� 8 . (` . �
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<br /> . � To pay immedi@tely whe�-�17Q 8ii[I QAyHF}It '8II �(CIICYIII��,ta2Cf9. special �taxes, s{iecial assrssmenGg, �+iater cf�arres, sewe� serv + . . .
<br /> � � � ice charqe4, androther Cs�ies an F��(��x,agu�gt �,qB�ifJ � pro��-f.y, and .�tl tar=s levied on the debt secur�d hereUy, and to SurnisM the
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<br /> � Mortgagee, upon5�requeat, ..nth�h� °bri�nal , �rr 'difpiicate �teceiptsE�ff�e�e�ot. �� The 131�rtgAqor agr�Ps thut there xhall ix added to � ,. .
<br /> �� eaah� monthly prfy�eien�.ii�qmte.l hereunder i�r under the evi�lenc<� of debt secured hereby an arhounL �eetima.rd h•, the Mortgagee
<br /> to be su@'tcien�� :to enable.�:'Yhe Ivlps�({agee .to pay, as they become due. all texrs, a�sessmwnts. and similar charges �pon the prem- y . , .
<br /> �� -0 T , ' B�jeuC tl�el+e� � � c�c&cieiicy' lhecAuse oC the i �suRciency of �siich addilinnal puvments shnll he forthwith depcv4i[ed' by � the � ::'�9!�:w� � . . � �
<br /> `�'�o�4f1 �i '�`,x4�rtgagee uportZdrrnnnd bl" the Mortgegi c. Any tlrfault undr r ihis, f�ar:�gzaph shall be deemed a defaulL in . .
<br /> .� payment o}"kaxcw, as�pSfi��s� 'rir .aim�lar .char�ee� requ�rFd herrv under . " � � � ' . � ,
<br /> . d #'41�}:�i'�f�!�ai�Y. X 51� '^'f':•1,^R1 . 1LS�ai7X FiY . .: :, i' i fY:R �3 { ;'� �u �. : , : 'SY� {;.C:{X3k 3n.'.T�li-q:#X.Y�;�'' �'x,, i . .
<br /> . r�.,'7t,.: i: I i�Ist:7f��r':>�foi'.Cggqdt}�grees'th�t �h�ie 'h1iall titsa��(+"'ac7deii ta �pacFi -m�>nthlY' 'pieYr`henEof pHnci�ia!- arx[i�..SnCerr.sf �equired' heie= . .. � . . � . . �
<br /> . �:iSyFlqr$�k; amount evtirnaterf by t6e Mortgagee to be s�iient to enabte th.- 6lorigagi•c to pay , as i[ bccomes due, tl�e inwurance � . . ; . ,
<br /> prermium on any inaurunee. policy delivereci to thc MortgaKee. Any deficiency ficcausa� of ihe insuffieieney ot such additione! pay - � � -
<br /> �. mentei ��shall � be forthwilh deposited by the Mort�agor with the Mortgagre u ��n derrtp� the MortgaKF�'� Any default �under thes � � �
<br /> � paragraph shall be dcemrd e de(ault in tha� paymer.t of insurance premium�. iE't� �,r im��f{�g��rJeposited nre such as twme- ��� � �
<br /> �� ownert. or al) risk ix�liciea, end . the de{�c�sitx ure insul�cient to pay thu �•ntir� pr��miu�h , thr Dlortgaar"e m:�y apply Lhe drpocif tn � � � -
<br /> � PeY Premiums on ritika required to bc incured hy this mort�;age. " � � �. �
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<br /> : Payments -�made, 6y the�, Iytortgagor �undcC ihe,. a�bove paraFiaphS. ,maY at. �the u{1ti�in. of tii�; � .Mgrtgagee, bv held ' by it and � �
<br /> . commingled with �ot}iec such, fiincls '<ir'its;pwri :foq<ig for the '.paymrnt of su�h items,� and untif 'do appfied �si�iA p�*rnrnts are hereby � � . ,
<br /> pledged aa security Yof� the � unpaid �i��1�9nce of�� the '`rrlortgakP inHebtedness � ��- " '� � � � - - . • � � - • � - � � . � - ��
<br /> � To procure, deliver tc�, anrl maintain for the brnefit uf the Mortga�;ee during the lile of t.his mortgage original policies and . . �
<br /> ' renewalls thereof, delivered at least len doya M�fore ti�e expirat.inn n( any such pulicien, insuring against fire and othrr insurable � � �
<br /> . hazards, ca�ualties, and contingencies aA the MortgaR� may require, in an amount equal to the indebtednene aer.ured by this � � � . �
<br /> �. Mortga�e, nnd in companies acceptuble to the Ddortgag�>r, with lo.s payablr clausr in tavor of and in form acceptable to the Mortga- . . . � .
<br /> � gv.e. In the event any policy is no: renewed un ur bofore ten days uf ih expira�ion, the b1or!�;agNc may p-ocure insurancr on Lhe , . . : � .
<br /> . . imF��ements, pay the prrmium therefoq and such .um sl�all tn•c:>me imrnr8iatt•ly due� and pnyable with intereat at the rate set � � : .
<br /> forth in s�id note unti! paid and sha� l be tiecurrd by this mortgaF�. F�ilur� on the part of the Mortgagor to [urnish such renewals . �
<br /> �. as are hrrein required ur failure lc pay any sums advancrd hrn•under shall, at tbe• option of the \Ylortgagre, constitute n defnvlt � .
<br /> � under the terms uf this mortgage. The delivery nf such policies shali , in the rvent of deiauiL cr�nstitute an assiKnmrnt of the un- � �
<br /> earned premium. � � � � � �
<br /> : Any sums received by thr titurt�;agee by reason ot loss or damaKe insured against may be retained by the Mortgagee � - . � �
<br /> and applied tnwnrd the payment ut the debt hcreby serure<i , or, ut the option uf the Morlgsgee, such sumy rither wholly ur in � � . . �
<br /> - part may be paid ower to the MurtgaRor tu be used to repair +uch buildings or tn build " new buildings in their place ur for any � � .
<br /> � ` other pu�pose or object !v�tisfa+'tory to t.he Mortgagec without aRectinK the tien nn thv mortqrage tor the full amount secured here- � . .
<br /> by be[ore such payment ever [crok place. �� . � � �
<br /> . To promptly repair, reature ur rrbuild any fiuildinK� � r improvemenLr now .�r hrrea(trr vn the premisen which may be- � - �
<br /> �� come damaged or destroyecf ; to keep said prvmi�es in good condition and repair and free from any mrchanic's lien or other lien or � �� �. . � � �
<br /> , ctaim ot lien not expreaxly subordinated to the lien hereof not to suRer or permit any unlawful uxe o[ or any nuisance to exist on ; . � . �
<br /> � said property nor to permit waste on said prrmixs, nor tu do xny other act wherebY tha property hereby conveyed shall become . � . ..� � �
<br /> � leas valuable, nor to diminish o� impair itv value by any act or omi �sion to �ct : to comply wilh all requirements c�f Inw with respect �� . �
<br /> to the morlgaged premiAes and the use thereoL . �
<br /> That should the prrmiaes or any part therrof be taken or damagrd by reason uf any public improvrment or condemnation � � � � � :
<br /> proceeding, or under the right of eminent domain, or in nny other manner, the htortgagee shall be enlitled fo aIl compensations, � : . . �
<br /> � awards, and any other payment or relief themfor, and shall be entitlerl, � at its option. ta � commence, appear in and prasecute in itv _ � � . . .
<br /> � own name any action or praceeding, or to make any cumpromisr or setHement in connection with such taking or damage. All such . � � .
<br /> � cotiipenention, awards, demages; right a[ � action and proceeda are hereby asvigned to the Mortgagee.� who� may, after - dcvlucting � � . � . � ��
<br /> � therefcom all its� espenees. release any moneys so received by it or apply the same on any indebtedr�eac secured hereby. The V1orL � � . �
<br /> � gsgor � agrees � to. execute� such further asaignments oF any compensation, awards, damages, ancl rights o[ actiun and proce.axL4 ay.� lhe . '� ., . � . �
<br /> Mortgagee may require. � � ' � �, � . . .
<br /> ' That in case o[ failure to perform any ot thr covenanLr herein, the Mortgagee may Ho on the MartgaKor's behalf everything . � � . . � . . .
<br /> so covenanted: that the Mortgagee may also do any act it may deem necessary tu protect the lien thereof: that the Mortgaqor will . � �
<br /> repay upon demand any inoneys paid or disbu�sed by the Mortgagre for any of the ab..ve purpbwrs, and <uch moneys toRatfier w•ith ' � �
<br /> iiitereest! thereon at � the rate provided � in �said note shall become so much additional indeMedness herehy secureVi end may be irt�- � ' � , �
<br /> cluded in any decree toreclosing this mortgage and be paid out ot the rents or proceeds ot aele of said premises if not othemixe �. . . .
<br /> . paid: that it shall not be obligatory u{wn the Mortgagee Lo inquire into the validity of any lien, encumbrances, or claim in ad- �� � � � �
<br /> , � vsncingmoneys �as above � authoriaed, but �nothinq herein contained shaU be conetrued as requiring the Mortgagee tu advance any � � , . -
<br /> mo�ya for any �.such purpose nor,to� do any act hereunder, and that Mortgagee shall not �incur any� pemonal liability beceuse o( any- . � � . ��
<br /> thing . it may do or .omit to do hereundec � . � � �
<br /> � � � In the event o[ the detault � by. Murtgagor in the payment o( any inatallment. as required by thr Note secured hereby, or . . �
<br /> in the pedormance o[ the obligation in- this mortgage or in the note � necured thereby, tbe MortRaRee �hall be entitled to dectare the � �
<br /> � debt secured hereby. due and payable. without notice.. and the Mortqagee ahall be entitled at its uption, wilhout notice, either by ilvelf � . . � � � �
<br /> �' or by � a 'receiver �to be appointad by the� court thereof. and without regard to tRe adequacy of eny eecurily (ur the indebtedneav se • � � �
<br /> � � eured hereby, to ��enter upon�and � take pos§edsion of the �mortgaged� premisee, and to collect and receive the reats. issuen and profit+ � ��� � ; �� , �
<br /> � � thereo�'- end'� apply the� satne. lesa coats� o[ operation-and collection. upon � the indebtrdnese �� sec�rnd by chia mortQage; � said � renta, � � .
<br /> � � . ieaued'`and piofifs'liein� hereb"q assigned- !o khe Mortqagee�as further aecurity for the�� paymenf of all indebt�lneca � aarurv7l •her`eb�i"' �� 4 �
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<br /> '."� � � � The Mort ee shall heve the ower to a int an a eat or a ents � it ma desire for the ur oar oC re airing said " - "�'� �
<br /> Ba8 P PPo Y B S Y P P P prem- .Jt '.
<br /> � i�ea; renting the, ssme:.,00llecting, ihe rents, revenues and income, and it may pay ou! of said inrnme all expenses . incurred in rent- ''..-, � _:��� �, �,
<br /> � � �- �ing aad menaging the same end o[ �collecting the � rentals lheretrom. The balance remaining, i[ any, sha(t be applied toward the �':;�. ` " t, ;�. .�-
<br /> � � � dinchszge o( the mortgage _ mdebtedneea. Thia as+ignment is to terminate and � become null and void upon relesse of this mortRaRe. � . " ' '� ' i � � �
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