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<br /> THE MOR,TC:AGOR �UR'I'HER CQVFNANTS AND A�(:REES : - ,
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<br /> That t�he � MortgaRor w'ill pay lhe incl�ebtedneas as hereintmfore nr�virJed.
<br /> ; � That the �;;Mortgagor is the � �dwnr, r o( said property .,in fee aimple and han Road ►ight and lawful auihority � tn aeq � aqd ��� ��
<br /> convey the eeme And that thA e'ame,5s• free an�d' clear nf'�nny lien or encuenbrance; �and thatr� IGlortgagor� will warrant � a.nd drfend tiRe
<br /> titie to ssaid premiaes � elqainat the claitns of all pKrz�ns whonvv�evor. . . . . .
<br /> To pay immedietely when due and �payabie ail geneeai� �.t��:.v, aperis[� laxr�:.i, bpeciai a�svssmenrs,. water chacges, u�+•cr serv��
<br /> ice rherges, an�l other .taxes and chakges againat said �.ptoperty.� :snd all ' taxes leviexl on the deFit secureri here�y, and' to furnish�: the '� .
<br /> Morlgager, upon�� request; . with� the� ��riginal �or duplicate reeeipts ' thecEtar: The Mortg:aqor , .aR��`x that Chera� shat! t�e adde.d to
<br /> earh monthly peyment �required hereanc!'er nr uncTer thr evider�ee o[ d.eFit seeurei! herebp�. an amou�n�t eatimatecl by the. Mortgagre . .
<br /> � ta be su6'icierit � to�� enable the� "MorlRaRe!P to •pay, ' as they � becwme due., all �taxes. assetiSmen�4s, 9n� si:mi:lar ehatges upr.rn the ryrem-
<br /> ises aubjert theretc�; any ciefic�ency. because . of the i:nsufficiency of guch a�dit�:iunal. paymPn:Lv shatl' be furthw�ith deryositerl hy 'I�he
<br /> MartBagor witM ,Lhe . Murt�6a8ee upon �ieme.nd f�y the Mvrtge�ee. Any deFauPt unrle�r thix PHragra��h shall be deemed a �le(aul!h @n " �
<br /> � paymenl oY ttixes, aasessments�,, or �sirrtidar chargrs requieec3 hrr�un�ler.
<br /> . ' The MoNtKsKor agtees� � that there shaJl al� Mr ariel.ed to each month�ly �ayment of lirinci�al and intwrest req.uired b,ere-
<br /> under� &n axriaunt est��snated� by the Mortgagee 4o he sufficient to enalale the fo'Irrrt.�agee W� pay, as iR . becnmwR due�, the� insurenee.
<br /> pre:mium on any inaurance {w9icy deli�vered� to th.e Mortgaqee. Any deficiency F�ieause� �t the insufficiency of such udd.itional � pey-. �
<br /> menta sha11 be �oRhwi�l�h depos�iQed tiy tNa MortguKat wiYh lhe MortgaR�ze up�n d.r. mand by th�r Mnrtqagee. Any cle,faul�t under thi's
<br /> pa.ragruph, shall he rleemed A detaul:i in ti,re paymenA oY ietsurancr p>rem�iu�ms. If the {wlic�• or p�licies cfe•��usitFel are such as 1'n.rme-
<br /> owne<cs� or all riak pulicies, and Ehe elepos�tg are im,ruR'icient to ��ay the Nntire prPmium, the Mortgagee may apnly 4he de�nsit tu
<br /> pay pmmiums, on risks req�uired to be inaure�l by this mnrt�;aRe.
<br /> PayitlenL4 msde F_y tF�e M�.irrCKa6��-�r unaler the abave {oarHRray�hs may, at the opNon af lhc Mvrtgngee, be held � b,y i�t and �
<br /> conimingle+.d with other kurh� funds nr it�n own funcln tLr the pay�ment of such items, a.n�i unlil so e�»lied. such p:aymenCs arr Mereby
<br /> pledged as aecurity for thP un.paid bal'ance oC the morf�a�e indatstidness.
<br /> To procuce., drliver to. and ma4ntain tur Ohe brnefit oC the FlortgaKee� durinq lhe life of this m��rtgake ori.Kin:al Poliaias and
<br /> renewals thercoC, delivc•red [�t ]rnat ten days br[ore thP expira�.iwn at any such ��liriec, insuri�mg a�ainxt fire anv o4hr�r in.=wrable
<br /> 2u�zaxds, c�ausltiea, and contingeneies as the 1Viortqage.�e mry require, in en atnount equal to the 4ndebtedneea veeurtd by Yhia
<br /> MotCge,ge, aRd in companies acce{�tnble ta the Marlgeger. wbth loss peyahle i:latise 'vn favor c�[ and in Lorrta aCcrptable tn 2he !Nortgu-
<br /> gee.. I,n the �vent anq wolicy is not re:new<sl un ur beCnre ten clays of its expirati.r,n, the Mort�aRee may procurr in�u,ru�nr.e an the
<br /> impnovem.enUs. pey �the premium therefue. and yuch � �uvn �hall bec�me itnmedi�atelv due and payable with ietereat at t.he� rate srf.
<br /> forth in said note until paid and �hall t;e �ecured' by ihi� m�rtRa&�•� �a��lure on the part ot the Mo.rtgagor fo furnirth surh� renewala
<br /> as are herein required �yr failuce tn pey any vums adva.nced hereunder c:hal't, at the opQi�n o[ Ebe Mart�gagee�, cun�t.itute a cle[ault �
<br /> �. undar the te�rms of l�hiv mortgaqe. 'I"he rleFivery nf� cuch p.�lieies .vhall, in the evinc O� �IPf811IL, COVISCII4[P an assiRnmrni ot the un•
<br /> rarned premi.um.
<br /> Any aums recei.•ed by thr MarrtgaKee by reasun c�t lass or d.ama�e in:sure�l sgainst may be reta�inrd by thr Mcrri�aRee �
<br /> and appbietl. Rowerd Yhe pavtnent uf the elebt hereby �cured , or, at t6P nN4inn �m( the M�rCSaBee. such �um� rii�.her whoNy or i�n
<br /> pert mey be paid over tn� t�he 2vloetKa�or to be uaed to repair such buiP�i.ings or Ro bui:ld ' new butidinga in their placr �r for any
<br /> oYher purpose or �bject :+atisfs�ctory fa t:Ne Mort�agee wi�thout afTrctimg the lie�m a�rn ihe moriqage for the full amownt secure�l here-
<br /> by befure such peyment ever took place. �
<br /> To prumptly repair, restore ur rebuild any buildingc or improvements now ur hrreatter on the premisea which may be-
<br /> come demaged or destroyed; to keep said premiaes id gowl rnndition and repair and tree from any mechanic's lien or other lien or �
<br /> claim o[ Lien not expresaly aubordinated to the lien hereo[; not to suRer or permit any unlawful use of or any nuisance to exist on
<br /> . aeid property nor to permit waste on said premises, nor lo do any other act whereby the property hereby conveyed shall become �
<br /> leas valuable, nor to diminieh or impair its value by any act or omission to act : to comply with all rrquirements of law with respect
<br /> � to Lfie mortgaged premises and the use thereof.
<br /> That should the premi•srs ur any part thereof be taken ur damaged by reason of any public improvemf•nt or condemnetion
<br /> . proceeding, or under the right of eminent domain, or in any other manner, the Mortgagee shatl be entitled to al! compensationc,
<br /> �� awards, and any other payment ar relief therefur, and shall be entitled, at its option, to commence, appear in and prosecute in iU
<br /> own name any aMion or Proceeding, or to make any compromise or settlement in connection with such takinR �i� damage. All such
<br /> compensatiun. awerds, d+unagra, right oC action and pruceeds are her¢by assiKned to the Mor[gagee, who may, a[ter deduMing
<br /> � there(rom all its expenses, release any moneys so received by it or apply the same on any indebtedness secured hereby . The Morb ;.
<br /> . gagor agrees to ezecute such further assignments of any compensation, awardv, damages, and righta of action and pmceeJe a.c the �
<br /> MortgnR� may require.
<br /> That in caae of [ailure to perform any of the covenanL. herein, the Mortgagee may do on the Murtgagor's behalf evorything
<br /> ' so covenanted : lhat the MortRagee may also do any act it may derm necessary tu protect the lien thereof: that the Mortgagor will
<br /> � repay upon de,mand any moneys paid or disbursed by the MortgagPe for any ��! the above purposes. and vuc6 moneys together with
<br /> . interest thereon at the rate provided in x+aid note s�hall become su much additionel indebtrdnesx hereby secured and may be im
<br /> eluded in any decree foreclosing this mortgage and be paid uut ot the rentc or proceeds uf sale of said premixes i( not otherwise
<br /> � paid: that it ahall not be obligatory upon the Mortgagee to inquire into the validity ot any lien. encumArances, or claim in ad-
<br /> vancing moneya es above authorized, but nothing herein contained shall Ae construed as rc�uirinq the Morigagee ro advance any
<br /> mocaeya for any such purpoae nor tu do any act hereunder, and that Mortgagee shall not incur any persunal liability IH'CALLSP OI 9I1}'-
<br /> . thing ibmey do or omit to do hereunder.
<br /> � In the event o[ the dafault by Mortgagor in the payment of any installment, as required by thr Note aecured hernby, or
<br /> in the performance of the obligatian in lhin mortgaRe or in the note a�.�cured thereby, the Mortgagee shall be rntitled to declare the
<br /> � debt aecured hereby due and paya6le witbout notice, and the Mortgagee ahall be rntitled at i4c option, without notice. either by itaelt
<br /> or by a receiver to be appointed by the court thereof, and withou t regard to the adequacy oE any security fur thr indebtedncros se-
<br /> - cured hereby,. to ent¢r upon: and take po�§ession of lhe � murtgaged premiaea. and to collect and receive the rents, icsues and profita
<br /> theseof.� and �apply the same. .less co�ts of operation and mllection, upon the indebtedness xcured by thiY mortgege; said rents,
<br /> iasues end profifa being� hereby axKigned fo the Mortgagee aa further �ecutity fnr fhe paymvnt of all indrbtrdnrss !:.rurevl herehy .
<br /> - � ThP MoYtga6� ehall have� the power to appoint any �� agent� or agenta it may desire for the purpoxe of repairinq aeid Prem- � �
<br /> � � iaes: renting the eame: rnlleciinB the rents, revenues and income, and it may pay out ot said income all expenaes incurred in rent-
<br /> ing and menaging the same and of collecting the rentala therefrom. The balance remaining, if any, shall be applied toward the
<br /> _ cliecl+arge o[ .the . moctBaBe: indebtednees, TYhis. aseignment is to terminate and become nult and void upon rrlrssr of thic mortqaRe.
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