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<br /> 7_s- UQ2062
<br /> TkfE MQRTGA�GOR F'UFtTHEA COVENANTS AND AGREES: :
<br /> � That �Lhe� Mo�rt$eBgF �tl,' pay the � �ndebt�ncss ,ae h0re�nbe(o,;e ps.vvidc�i. . . � � , .. .
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<br /> � � Thet thr `Mortgagur u��tha dwne�r o[ vg.d property� �n te� ai�mpIr and t+as S�� right and lawfu�l nuthn.rity to sell and
<br /> Cnnvey thr eemq and ,thAt the earne �sf�Ee,:an�l cles� of any iicn or rncpmFrenre; and tliat Moct�agur will w�rrant and deferid L'ne � - ` � ,'r
<br /> title to said �'PIemises '`sKainsE :tF�e c}iS�tbs:�':df�'all I�1'eo+w whomsoever, �. . . . .
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<br /> � Tn qa� � i�inmedipCrly w�cn due �aia'd Nxryable ai1 gene�al 4axe4.: spe�iAl esxes. s{�ec:ial aa.;rs+mc,nRx. wat�r charges. vewri- serv- � - � . . .
<br /> . �. �. ice charRes, arid other ��'iax^ua antl chargan :iiga�nst �a��,id pro;,�tt,Y, � nd all tsxrs le� ie•�1 nn L9�c dekC se. ured }irrehy. a�nd tn (v.rnish the .� � � ..
<br /> MnHgaB�� uport ' re�ueat, wif},-'[liP nrigi:nel er� duNircate � reeeiptu.. th�erefur. . Th� �l�ortgagnr aRrets ihaC lhr�r� sfiall hr � s�ider! to�� �� ` �� - - � . . . ' ��
<br /> ;� � each monthl'y' pa�ment requirnd h�reundPt nr un�er the evi,lenca� c,f e1Ffit � yrco�red h�n+-Fy �ru a�mn�int esiimaRe�{ fiy thu 1+IoMgageF I � - `
<br /> �. � `� to� tie. su�"icirnt':to enablr ' the `blortga$ee��- �to pay , n3 they be�om� du� , a21 taras, afcqes�menls. asd sirn.ilar . charges u�+on fhr� rrerek f � . �
<br /> � " i�:ee: "pubjea.t ��themto." qny ApficiPricy F+et�aus:• nf Ehr. insu�c�ieriny �� f� sueh � a<lditicrn�l p.u��menE�� �;hall b.• frnlhw� lti de{���siErrP � b.Y the � , ." ' . ' . . . � .
<br /> ` .. J 'FMorig goslS�vit�} tha tof tRagen n{ or �lernand LY thi• 1TorltiaFa e .(:,tt,M •S�:Fault i � �du�' Lk11rr .�araRra �+h s,hail !H dr �med a Jr(ar.tlt �n � � . �.
<br /> �, pa�i{e�1. 6fj&xrs a�ments, � nr s�mil�r char�;rs rn�u � rrci hcr uti�,l�+>'r � � . . .
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<br /> � ,� 'S'hr t1'IP�i(�$8!�r;y�Krr!:Nx .�+�St ,thh.�v,ajhall .: itl� ' �-;iflJ.dgd.: .6r�t•i�ch r�+�.qtj�ly puYmenL ot p'ris�cipai and cnUeretit requi� red lu-ie:. . � . � . . '. �
<br /> undi.r an amou���t �lim�.teal by thr• M�'.�tgaRP!? t�� be vuf�icient tu +• �+;rtde th�� Mor1F»�er..r tc pay .. as if F>econina di.�e. 1he itisi:�ranCe . � . �
<br /> -' i prrmium •.��n any insu,raiaee ,pnFiey cielivereci [n thr. ,"vlo�rtgaK��. �+ �� drBici.rncy fx�c-ause •.�( the inau6ficiency nf aw�ch add�ticn5al �iay- . . � .
<br /> ' � menfs ehall �fie fortkwith depasit:ed h�y �the ht�i•tqa�or �vrath the A:'So•ctgagee uMm� demand hy the M�>risaKEe. Any ��lefanli evn8ei this � � � � - -��
<br /> �: pa�rngrap'h sha3�! be cli+rmer! a clef:�uli in t}�a paymen! of` Snsvrancc� nrenai-tiams. 1f thn pf,Iicy �r Fxili��ns` dc�roQitcKi are sa-ch r�s hrnne- . � . �. � . .
<br /> � ownern or All risk {�ii�cir.v. , and [he cSep¢>sits arv in�.ru� .f�'ici.¢�nt t�u ��ay ih,• � nfirr�• prr-rnium . tVic M.origzi�e<• m.srp a�p�.r�)v kha:� c3epe>v'r,i tm . � . .
<br /> {ray PxeR1 ':umb on ziska reqUired tca Fie in�uce<l by this a�no��f�;.ng'e . . . � . . . . .
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<br /> � � Payineni� �na�fr ay thP ��ortga�o�r un.f�r �,lhe a�ov� „F�araK+ �(ths �na)'. at �h� �nyih9n, ��f tbr Mo�tRa$.r�e ; F�e korl.d - F�y it� an<i .
<br /> �' cc�mmingleti wj�th other such f�mis :rr dQs oHn funt�s' L+r the �}iaytYlt�nt 'oC'siich !trvn �t, a'nd' 'un'ttl �!r"ipPlied;��§uch paymen!Y ar� herchy � � � ��
<br /> � pleed.ged +ts seeu�ity for Lhs, un�>a �.d t�al:unce nf the morC�.age inale�htrdnecv. . , . . . .
<br /> To ��ruc:ure, ,.Ie(iv.�r� lc,, an<I ma.ir. ?uin fur tfi�� Pr.rnrl�t of tY:r AtortKagec di. riiig tt?e life <>f this mortra�� �-�.�riRinai p<:+licies anii . � �
<br /> : � rene�vals tharecrf, �lelive:eri a:t lea�t trrn :iays be;ore fhe rxp�irati•�: n o,f uii � •i�ck� j. nl �. �ia�:a . in�..urinK %+Rb.i ��st. tirc and uih;��r in,sura}>IP .
<br /> � hazarde, �anuxlties., nnd cont�ngc:nci�e3 as th� Ev1a.�RtFanee n�iny tequire: i�t an amounl eywnl G� the ind�sb0rd�nezia ac�cu.red. by th"ta � � � :
<br /> �� Mnrfgage, and in comPanie•s n�ce�pta��hle R<r tFic: Mortgu�;��:•r-. witn 1 �.-:s puyabl:e• cl3us�� ir� F.x�r!r of anci in (c��rm accrptAble v� !he Mortga- � .. �, ��
<br /> l� ` g�ep, In !:he event any �ro4ie�y is nc�t rersevv�tl !rn e,r� tE;:'nre> ic .n. day�s c+F it. e�xpirat �nn, yhe M:�r4Ka�ee mt�.y prucurc insura�nee r;n the � � -
<br /> � . irnpeovemen�ts, pay the UrFmium iheref<:+r, and suc�h sum ;:hall he-c:�c�mr imr�ediately due and rynyable wit�h ir.2e� res! nc t:hc rete set . , . � �-
<br /> forth in zc»�ic9 not.� unCil pald and -ha11 tr ;r+•�u. r.•rl Ly th1�_: mr�rt�aR+•. Failurr, �nn. H�e ��art o.f the Mi�rEgng::�r tn (urmish s�uch nmew:als � . ; . . �
<br /> ass are herein required or #ailure Ra Nay an,v cum� advunc�d h� rr�wn:l�er vhal!. �et the oPtion of thc Mort .Ragr,�, cunetitute a dafa�aRt � . .
<br /> ' � under the trtrn�s ol� thiti rnurAga�ge. "I'he deliur. ry ot .�icn �>a, lieir� tihill . in ttr�e evenl. nf �r:efgult, cnn�tStiete. an ai�i�;nmenf r�f Rhe u�n- : � � . ' � `,
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<br /> camed premium, e; - . . .
<br /> � Any sunnx aecPrv.rrl hy the Afurt�uKea� by reas.�n rx( }e.;v�s cr dis�mnge ins�.�r�ed :aKninr,t may h�e relained h� ihP 41:i�rt,¢agpe ' � � .�"�
<br /> � Snd apptied inward� thP payrtlent uf tho� Aebf heceby se:ci� re�i, or. at thF� !a�?tiori of the 1Sort�agee, vucF aum,r ritl�er w��htil:ly or in � .
<br /> ; par! +c�.y be paid over to Nh�a M�:�r�gapo.c te+ br. uyc�i ro r�P�ir �urc1� h�tildings er tn b�uii.el ' new huild�ngr�: in thPir pl,u�e or Inr a.ny '� � ���� �'
<br /> �ther purpuae or nLjecE satisfsat+iry M tihe 1LSoetKaR��e vvitliauC aficKrun;; *hn lirn un the rnortgage for th�e f�:�lt arnr:unt securc�l herr;- `
<br /> �� by before such payment ever tuok P�gce. . . .
<br /> ; To promptly repair, restore or rebuild any buiidings or improvements now ur hereaRer on the premises which may be- � �� . _ �
<br /> � come damaged or destroyecl : to keep said premises in �;�tl condition and rePAir and free (rom any mechanic a lien or other lien or � . � . .
<br /> Claim o( lien not expresaly sulwrdinaled to Ihe lier� hereoC not to suRvr or permit any unlaw(ul � usc of or any nuisance to exist on � . �
<br /> said property nor to permit waste on said premises, nor to do any other act whernby the property hereby cnnveyed shall become . . . ,
<br /> teaa valuable, nor to �diminiah or impair its value 6y any act or omission to act; to cnmply with atl requirementc uf law w•ith respect �. � �
<br /> to the mortgaged premises and the use thereof. . �
<br /> � � �i � Thet ahould the premises or any part lherrof Fx taken or damaged by reasun nf xny public improvement or condemnation � � � �
<br /> proeeeding, or under the right of eminent domain , ur in any other manneq lhe :�tor[gagee shall be entiqed to all rnmpensations, � . �
<br /> �, � � � awar�, and any other payment or relief theretor, and shall be entitled, at its option, to commence, appeer in and � proeecute ��in itt� � . � � � �
<br /> � ` own name anY action or Proceeding, or tu make any comprumise or settlement in connectian .ti�ith such taking� ur damage. All such . . . �
<br /> � � compeneation. � awarde, d�nagea.� riBht of ectiom and proceeds are hereby assigned to the Mortgagee, who may:� atter� � deducting � � � �
<br /> therefrom al4 ite�expenees. release any moneys ao received by it or apply the same on any indebtednesn aecured hereby. 3'he �� Mort- . � .
<br /> gagor � agsee�. to: e�cecute. sa�ch . further aetsignments of any compenaation. awarda, damages, and rights o[ action and proceeds as the. .. . .
<br /> Y MortBa6ee may re�tuire.
<br /> That in easr oC failure to per(orm nny ot thr covenants herein, thc- Mortgagee may do on the Morlgagor a hehal! everything � � � � � � ��
<br /> so covenanted; that the Nlortgagee may also do any act it may deem necessary tn protect the lien therenf; that ihe MortgaRor will " . ' � .
<br /> repay uport �demand any� moneys peid or � diRbursed by tbe Mortgaqec for any of tbe abwe purposes, and such moneys togetHer with ',; . - � � . . �
<br /> '' � � intetest tlieteon � aYthe rate � pr6vided� in � said� note ehall become so much xddilional inaebtedness hereby � secured and � may be in- ��-� . � � � . .
<br /> �� � � � cluded in any decree forecloeing this mortgaqe and be paid out of the rents or proceeds of � ecele � of eaid � premises if not otherw't_4e � . � �
<br /> � paid: thst it shall not be obligatory upon the MortR8B� Lo inquire into the validity of any lien. encumbrancxa, or claim in ad• � � � . .
<br /> vatteiag-�moneya �as �. above authorized, but nothing herein coniained shall be conatrued as requiring the Mortgagee to advance any '; �, . . . ,
<br /> . moneya for eny such purpoae not to .do any act hereundec; and that Mortgagee ahall not incur. any persunal liability fiecause of any- �� �
<br /> �: i thing,.iR�. mey. do.or� omit �todo. hereundar.. . . � � . � � �
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<br /> � � �In the event o[ Lhe de[ault �by Mortgagor in the payment ot any inatallment, as required by tl�c Note secured hereby. or � �
<br /> +� in �the perfortnance of the obligation . in � thia mortgage or in the � note aecured thereby, the Mortgagee shall be entitlecl to declare the � � �
<br /> . � �debt securecl hereby due and payable witbout notice, and .the Mortgagee shall be entitled at ita. option, without notice, either Ay itaelf . . �
<br /> . , or`.by, a ceteiver to�,be 'appyintEd� by , the court .thereof, and �without regard to the adequacy ot any security for the indebtedneas se-
<br /> F ctiied heseby;� to enter���upon and. take {�os§ession' o[� the mortgaged premisee, �and �to cotlect and receive ihe rents, issaex and profits � . _
<br /> � � th�;`�`reof ' and� sppfq the-�asine, .l 'ese coele -� of operstion and - -collection, upon � the � indebtrdnese � �secured � by th�s*mortgage� said � rents,: . �
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<br /> , �. imues�and protts being 'htreby��:aesigned �to the� Mortgagee as turther �aecuriiy for the payment �ot all indebtedn�r� aectifefi�h�reb'y:� : . � ��
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<br /> r���` . � The Mortgagee shall have the power to appoint any agent or agenla it may desire for the purpose of repairing said prem- ��- " ;� ��
<br /> isea; rentlng: the asme, collgcting the, renta, revenuea �and income, snd it may pay out of aaid inrnme alt expenses incurred ,in rent- x ���
<br /> � � ing � and manag�ng the�eame a� of collecling the rnatala therefroni: The balance remaining, �i[ � any, shall 6e � applied toward the � "# � r
<br /> �discharg�e ot :tha mottgage indebtedness . This assignment is to terminata and become null and void upon relrese pf this mertgage. , r:.� ��� -
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