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<br /> �s-, UQ1900
<br /> TFfE tfVIORTGi►G(�R'�'QRTI�ER': ':COVENRNTS '�A1�D `�ACREE3`_';' . . � _ , ° r ! � � t' _
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<br /> � � ThaR ,:: the, Mpr.lgaeor . .. , . �.tb � indebtednese aa hereinbefoce provided_ . . . . . . L,r _� ..:; If, ;r . . . �
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<br /> I . , �� �� That the '1Vlodgagu2 is ,�the �d�vt�er ot 9aid, property in fee :cimple and hns good right end la+vful 8atfiority to sr.li and � , � .
<br /> � � convey. !he sam�er�n��"t�`iaQf'�he aenoe �s free,_and,clea; of any lien df: encLihtirance; en�l^ �Ifst �M�irtgagor will, warranQ and rle'fehfi. the � .` �:� �-�"; . • , :
<br /> � . � title � to said �psemises ��a'ga�nst ,fl�i,e darmd af alL persons whbmsoever.: .
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<br /> : � � To pay '1dt�¢�!a�ly wkea �7ue ' and payablr all g�aeiat taxes�, epeci�l taxes, cpecial acses.vnientn, water charges sewe�� serv-� �� � , .
<br /> � ice char8�. arid odier-�taxex anai charR� Al.e'iRp4 tpiic{' �iq:pr�y, y�ai} �f�xes IeviFr# on. Yhr �Irbt aecored hrrcb� ; and ta furniFh ihe : r „ . . , .. �. - . . � .
<br /> hfoctgagec•, up�n qe�! th rt,haS q�i. �nel or' duplirate rnceipts t�hemfor �� The IN`nrtgagnr �qrees that Edrrr �ha'iY he' atl�ih+� K� "�'�- "'''" ' � � �
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<br /> � each monthly payrheh�� � iL�ql�'ired"h�ereJn��r nr under the c•videnco uf �debt secured heretiy an amc�unt eat.imatrd hy the Mortgagee _ . . � �. ;
<br /> � to be suHicienf'�� ar�able :the Mortgagee���. lo pay, as they become �lur, all t�axes. euxqwnenCc, nnd Fimilar chargea �upon the� y�rem- . , , .
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<br /> i.se!tsUbject thevetn: - �any dettciency � tfecause ut fhe inst�Rcie. ncy o[ tuch aildit.iongl payrn�enLt shall bn k�rthwith tfrpositeel �� Ay fhe � � �
<br /> ; l�lor�flgo{ with the ,Mortgagee u{iun clemancl by th¢ ASorlgagee. Any de•fault undar thin p:a.rnpeaph shall be• dr[�med n �lefatelt ��n � . �
<br /> ; pay nt 'of� tAxeg, asse,ksments; �'�r s���iiFar ('I13f6'Py rv�qui�re�l hrri ��nllvY. � --� .
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<br /> T`he Mort a or n rees t}iat there yh.all al. .. � � . . . . . ' . . .' . �. - � �. . _ . , � . . , . . �. . . . . ,�„ . , . . - .
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<br /> ' g g g - � �.o be add�d lo each mun!hly payment of prinr.ipal aaiv interest re.quire�3� here- � . . �
<br /> � under an nm�unt ewtimated by tfie+ lbfort6agee tn be si�cir�nf t.:• enabto th.•� RtortFagce ta pay, ns it beci�men duc, the insurance � �
<br /> � premium on any i�nsarance policy delivered tu the Murtgugee. ��\ny �lefir.ic�ncy becaus.r o( thc: insufficirnc,,y of such addiCic>nu! pov- � � . . �
<br /> � mP 'n4s shall �be forthwith �lep<isited by �the �MortKago�r w�iLh fhe MoN;gagec up.�n dFinand by thc MnrtgaR�`�. � ��y �lefanit tinde�r this . . .
<br /> � naragraph shall t�e cl:rmed a defa��lt in thc Payment of isnsuranc:* �ir�miums. If dhe �licy or pnliries�- depnsilyd arc- �uch x, h�.rcie- � � .
<br /> : owners �r all risk }wlicie., and th� dc{��sits ar.� invu�Fcient tu y!ay thr r�ntire�, ���rnmium , the Mortqagee m:�Y apply the depc?s71 to � � . � � . �
<br /> pay premiu�ms on riskY required to be insurwl t>y [hiv mortga�;�. . �
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<br /> ,� F'�aymrntv made f;y ihe Mnrt�;,agor �:n�1rr thc abov�:� - paragra�ih " m6v ; � nt thr � nptiun of ihP Murtga�er� F.�r' hel�! � by it and �:; � . .
<br /> - �� comxningled wiih other such d�nds o� i't_i� oiSn � funils "fdr tha � pnymr_ rt-t .�f suth itrma., tiiid untiI .vo �apnlied, SucNpayrn+�ntx are hernfiy � � � -..
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<br /> ' pled6ed as aecu.rity fur tHe` unp»sd. �Yielanoe of' the : mortgage ��n21eHt'te�ni•cc. _ . . . .. . . . . - .. . . . , , . .
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<br /> To Pnxure, rieliver to, and maitltain (�r, the L4nc.fit. uC thc;.. :�Surtgagee dunng � thr hfe uf� th� mort,�agc originad p�al�ci'.r�s� and � � :
<br /> � renewals thereof. �3r_I�iveriKl at 1��-ast te'n' � i3�9yy l�Ffore " ttic� � exfAration� �of ariy � �:�uch ,cilicics, insunrzg again�t liie and o� her insurab'.e : � � .
<br /> hazardn, cnsualfnes, and mntingenr.iee as the MtiNgagee m:iy rrquir�, in an amount equnY�� to �thr -itedebtednetu�`seeured by tlzie � � . .
<br /> Mortgagn,. anci in com�anies acc��taVile to the Martgag!•<•, with 3o+s ��ray!�bla• riau��� in fa•:< �•r nf and in f<�rm acceptaFale Si; the Mortga � �
<br /> gee�. In the event any P�xlicy is not ronewrd on :zr b�fo�re• Lnn �lays ot it� �^xp�irnhnn, thr D4ortqagee maq p��rocurc ir�surance �n the , .
<br /> '�. iv�prrn•em.:nts, pay the prem.ia.m therefoq an�i such vurtr shall f�ecome immPdiatcly duF .nd pavable with interest at Yhe cate see . � � �
<br /> � lotth . in said note �znlil paid and aMiall tre secured t•�� th��ic murtgaKF', F��ilure on the ��aet of thr Mactgagor fa fucnish such renewels � �
<br /> , ea aae herein reryuirrd ur failure io pay any sums advana�d b�� re�unrler �I�r+fl, at the nption of the Murtgager, �unstitufv� a drfuult � � �
<br /> .'�� ` undA� the termn of this moetKa�e. The delivery ��r[ suoh p�*licit•s .lialt . in ^ hc• �•vent of .ieisul :: . rons:�.itutr an asniK�mrnt uf 4he un- � � '
<br /> - enrned pmm:ium. � � .
<br /> . Any aums receiverl h,y the Moct�a�ee by rcasun ut loss nr damaKe insuna<3 aR. ainst ma�� be rel.&ined by the blartgage2 � ��
<br /> and applied toward the payment of thF• debt herr_by sc�uted. or, a.t the �>ption �f the Nfortga�;ee, suah aums r�ther w�holly <,z in . � � .
<br /> � � � parl. maq be paid. over Fu the Mortgagor to be used tn re��>air xuc•h buildings or to build ' nFw buitdingc in thric place• or tor any
<br /> atl'�ei pnr�n�ve ar object sa�tislaMory to the Ma�rtgaK^4 w� tl�rnut afFeci.inK thr lien ��>n th:r moetgage fnr the futl amnun�t crcure<I heae- . � �
<br /> , by befoce such paymen[ ever took �lace. ; � � � .
<br /> �, � To promptly repair, restore ur rrbuild any buifdings or improvements now ur hereatter on the premises wbich may be• �. � �
<br /> come damaqed or destroyed; to keep said premises in good condition and repair and free from any mechanic's lien or other lien or . � . . .
<br /> claim of lien not expresaly subordinated to the lien hereof: no[ to suRer or permit any unlawful use of or any nuisance to exist on � � � , .
<br /> said propecty nor to permit waste on said prrmises, nor tu do nny other act whereby the� prop�rty he:reby conveyed shall F�ecome �.. �
<br /> leas valuable, nor to diminish or impair its value by any act or omission to Hct : to comP�Y �'�th all requirements of law with respect � � � .
<br /> to the mortgaged Premises and the use thereof. ", � . . - � �
<br /> �� That ahould the premi�s or any part thereof tx� taken or damagaxl by reason ot any public improvement or condemnation � . ��
<br /> proceeding, or under the right of eminent domain, ur in any other manner, th�• bTortKagee shall be entitled to a❑ compensations, . � � � �
<br /> awazds, and any otk�er payment or relief therefor, and shall be entitled, at its option, � to mmmence, appear in and prasecute in �ita� �� � .
<br /> owt� name any action or proceeding, or to make any cumprumixe or settlement in connection with such taking <ir damage. AII auch . . �
<br /> ' compensation, � awarde; damages, right of action and procaeeds are hereby assigned to the Mortgagee, who may, after ' deducting . .
<br /> tMerefroro all its .ezpeneea. �rnleaae any moneys so received by it or apply the same un any indebtedness secured hereby. The Mort• ... �. _ �
<br /> . gegor -agrees� �to - execu.te. such .further assiRnmenta of any compenaiatiun, awanlx, damagea, und righis of action and nroceeds ea the . �
<br /> . � � MortgaSee ;maY *'e4uic4. � . . . �_ . . . � . . . . . `_ _,. . ,
<br /> That in case of tailure to perform any of the covenants herein, lhe Mortgagee may do on the Mortgagbr's t�ehalf everything -� - � . .
<br /> ao covenanted; that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Mortgagor will ' �. . �. . . �
<br /> � repay upon �demand eny moneys paid or disbursed by the � Mortgagre for any nf the above purFwves, and auch mone.vs toRet6er with ' � �
<br /> � I interesE Lhereon 'at � the rste� prodided in said note shall become so much additional indebtedneas hereby secured � �and mey be in- . � � , � .
<br /> � � cluded in any decree torecloaing this mortgage and be paid out of the renLc or proceeds uf aele of - naid� premises i( not otberwise � . . ,
<br /> � , paid; that it shall not be� obligatory upon the Mortqagee to inquire intu the validity of any lien, encumbrances, or claim in ed- . ,
<br /> - vancing moneys:as � above authorited; but nothing herein contained shall be construed es requiring the Mortgagee to� advance any � � ; �
<br /> - moneyaior� any �auch � purponeaor� todo � any acthereunder; and that Mortgegeeshall notincurany peraunal liability becauseof any- � . . �
<br /> thiag .itmay. do_or omit to do.hereundea . . . � � . � . -
<br /> � In the event of the� default by � Mprtgagor in . lhe payment of any installment, as required by ihe Note secured hereby, or � � �
<br /> . in the pedormaace o( the obligation in this mortgaBe er in the note secured thereby, the MortgaRee shall be entitled to declare the
<br /> , �� . . , nd payabie. without notice, and .the Mortgagee shal! be entitled at its. option, without notice, either by itsel[
<br /> debt :secuzed hezeby due a .
<br /> �� oe lry a rleeiver to 6e 'appointed' by thP � cour! therrof, and �without regarcl te the adequacy of any security (or the Fndebtedness xe-
<br /> � � � auiced hereby; {o enter' vpon �and� take pos.4essibn 'oY the � mortgaged� -�prnmises, and � to collecband ��receive � the renta: issues and profits . . . . �
<br /> � tlieYeof and' apply the:. eatnr. ]ese cwts �� of operation �nd ��collrction. npon the iadebtednees necured by th�a mortgage; � seid � re �Mn. �
<br /> � . isefie�s�amil �pro/ite'being%�h'ereby�signed"to the MortgaRee!as further security� for Ehe payment of sll indebte�lne4s�`secvrM��'}�erel�y. � �
<br /> The Mortgagee shaU have the power to appoint any agent or agents it may desire �for the purpose of repairinR said prem• �. `
<br /> iaea: rcnting . the, name:. rnllecting the. renb, rnvenuea and income, and it may pay out ot seid income all expenses incurred .in rent- •,. '
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<br /> L ,. �. � ing a=xl . managiag the� eame and ot collectit�g� �the �+entsls theretTom. The balance remaining, i( any, shall be applied toward the : . � r ;
<br /> � diacherge �of`the moe,tgage ind�btednees. Thie $seignme�t ie to terminate and become null and void upon relrase of thie mortqaRe. . =a
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