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<br /> 7s-� U02334 , , �
<br /> TFfE... M03�'�A(3UR�..tI+'[TILT�I�R�yEC)VEPTAN�'�A�TY�' ''eK(�REL3 3 a'`�t'-. ;S:C 'i�> c. i+9SzI ''..._ . ,
<br /> � ThaGthr Ndortgagor ,�7 t � �ndcbtedneaa as }tere�nbefore provided. � �� : � � � � �� . �� 1 � �
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<br /> ' ..,.,. That the Mort a r fi '�he dw er of sa�d. . ro, , Y m fe ���br nce: and.?6T1� ..fiQ�tgagor w 11 warrantrand t�(e}( and � .�. � " � � � '�'.
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<br /> � convey the eam�; ap�l�l,�he tlame ie �ree,and etear.of an lien�or? d5flieT` F„'i?,I '
<br /> title � to said 5prem�ees aqa�ast t1� gla�m� of a�� persons wKonrsoever�- _ ' -. � k
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<br /> : .. � . , ; _-y q�r� u.' S �:�� v � i: . ., ; ? .��% ' ,e ' �. + � - . � •� LC. '3
<br /> i . - . - To p idi�ly� whert r��1e And ' Payable��all'gCnersl tgxes.;�spec�el taxes. .�special assessmenLs. water c}�arges;����be�fsTe • ~ �
<br /> ; ice chargea, s d o�r �taxes and charges a si�pyi �pfo�rty..�d a�t3ta�ea-Jevird on the debt secured hereby, and to furniah the� - �
<br /> � � � . Mort a ee. u � �` - .�" � , �. . � ;i� : �
<br /> , . g g po� �µ@s,itE,rwit� ,.1hS qr}g}na ox d'i�p �taRe rrce�PCs therefor. �'The Ailfitgmgor agree� that theik�?ahall��rc>. �'dd�d2tTo �I4',Fl,^s..; . , .
<br /> y „p y ittt�gu�r�d �i��entiAet or under the evidence of debt secured 'nereby nn amount estimated by the Mortgagee �
<br /> each monfhl r r
<br /> � �� �, � . � to be auQicie� W �Ralire the �1Vlor�gagee�� io pay, as they become due; all taxes. ax.9es-cmenls, and similar charg�s upon . the'�prnm• � �. � � �� � �
<br /> ieCa"AufijeeE`thereto;"9ny il�Bciency ix�cautie�� of the iiuu�ciency uf - Fuch addilional paymenis �hall bc forthwith deposited by thp'� � �"" `�" - � � - � . � �
<br /> ; Mnrt�,a or,. with the MpitQag� e upo� '�lemend by tha Morttiagen{ �+,ny default under t}d3 p8ragr�ph shail b� d� emed a default m .
<br /> , . - �:.n ..r ati '�r� r . . .
<br /> � p�y'fien of [ax� �5e��ments � or s�m�lAr chargrs required h�rPundnr � �� � � �
<br /> ! � L . S' .'YC} r) r. ". �;, Lr .. . � O(' nT . i ,, ,..,. , �, i:•n � . . . . ;":� . .' 4 ` [. ' . :, : t :.t . . . . .. '.f ;i'.Ai c �i! . . . ,.. , . ,, ,� --'. .` ?'sr . .� ,? ' � ,� .
<br /> : The Morlgagor agrees that there shall alvo be added to each monthly payment of principnl and interest .required heze- �� �� � . � � � � �
<br /> �. � under an amount e`;timated hy the Mortgagee to bc suAicient to ennble the Nlortgagee to paiy, as it bernmea due, the insuranrn � � � . � , .�.
<br /> , premium on any insurance pulicy delivered to the Mortgagee. Any deficicncy bc•cnusc u[ thv insu�cicncy of such additional Pay- � . � - �
<br /> � menfiW �shaII� tie tortF�with �� deposited- by the Mortgagor with the Mortgagee u�n demand by � the Mortgagee. Any default under this � �
<br /> paragzaph shall be deemed a default in the payment of insurance premiums: If the �licy or policies deposited � am svch� a�s Fevme- . �
<br /> � owners or all riak policies, and the depositx are insufficient to pay the entirr premiam, the Mortgagee mxy apply the deposit to . �
<br /> �, pay prerniums on riska required to be i�surrcl by this mortgage. � . - �
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<br /> ' Payments made by the Murtgagor under the abov<� paragraphs may. �at the_ ��L�tion of� Ehi. 1Yloitgt�eg„_k�e held � by it and ,
<br /> commingled with other such funds or its own funds for the• payment ot such items, and � �iMtit �so' aprylie�i;' sucN' jsayments are herr.by
<br /> � pleclged as security tor the anpaid balance o[ fhP mortga�;r indebtedness. . . � � .
<br /> � To procure, drtiver lu, and rnaintain tor the kNmrfii o( the Mortgagee durmg the li(e oC this mortgage original policies and �
<br /> renewals thereof, delivered at least ten days before t6c expir�tion oF any such policies, insuring ugainst fire and other insurable ' � .
<br /> � hazards, casualtiea, and rnntingencies as the Mortgagee may require, in nn amount equal to the indebtednese secured by thie
<br /> . Mortqage, and in companies acceptable to lhe Mortgage��. with loss payable clause in favor of and in form acceptable to lhe Mortga- . .
<br /> gee. In the event any V���cy is not renewed on or beforv ten days of it� expiratinn . the Mortgagee may prceurr insurance un the , � � .
<br /> improvernents, pay Lhe premium therefor, and auch sum shall become immediately due and pnyable with interest at the rate srt
<br /> forlh in said note until paid and shall t� secun•d by this mortqaRE•. Failure on the part oC the Mortgagor to fu.rnish wch renrwals �
<br /> � as are herein required or failure to pay any sums edvanced hereunder <hall, at the option uf the Mortgagee, cunstitute e default . � - �
<br /> under the term.s of this mortRage. 'the delivery o( such p�>licies shall, in the event of default, constiWte an ussiRnmrM o( the- um � �?
<br /> earned premium.
<br /> Any sumx received by the Mortgagee by reason of loss or damage inwured against may be retained by the A1ortgagee : � y`
<br /> and applied toward the payment of the debt herehy secured, or. at the option of the Mortgagee, such sums rither wholly or in � � �
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<br /> part may be paid over to the Mortgagor tn be used to repair such buildings or to build ' new buildings in thrir place or for any ' w ;";
<br /> othec purpoae or object satisfactory to the M<�rtgagee without aRecting the lien on tM� mortgage for the full amount secured liere- - � .
<br /> � by before such payment ever took place. . .
<br /> 'y., To promptly repair, restore �ir rebuild any buildinges or improvements now ur hrreafter on lhe premises which may t�e- � � , .
<br /> . ���� � � eome daxnaged or destroyed ; to keep said premises in guod conditiun and repair anc3 free [rom any mechanic's Iien or other lien or � - .
<br /> claim o[ lien not expressly aubordinated to lhe Iien hereof: not lo xuffer or permit any unlawful use o[ or any nuisance to exist on �
<br /> � aaid property nor to permit waste on seid premises, nor to do any other act whereby the property hereby conveyed chall become , � � � '
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<br /> lesa valvable, nor to diminiah or impair its value by any act or omission to act ; to comply with all requirementc of law wilh respect � `�'
<br /> �- q � - to the mortgaged ptemises and the use thernof. � � � .
<br /> .3 That should the premisex or any part thereof be taken or damaged by reason of any public imprrnement or condemnation
<br /> -^��>�; proceeding, or under the right of eminent dumain, or in any olher manner, the MnrtgaRee shall be entitled to nll rnmpensationa. �
<br /> � y . awards, and any ot}ser payment or rnlief Lherefor, and� shall t�e entitled, at its � o��tion, to commence, eppear in and prosecute �in itv� �
<br /> - own name any action or proceeding, or to make any compromise or setdement in conneclion with such taking or damage. AI( such -� � . .
<br /> t~' � � eo"a'lpenssGon;• -awaPda. ��� damages, �righY of action and � proceeds are hereby asaiKneci to � the Mortgagee. � who may: after � deducting + � � � �
<br /> { ; - therefrom al{ �its� e�epeneea. -��mleaae any moneys so received by � it or apply the -same on any indebtedness secuced hereby: �.The � Motf- • � .
<br /> � gagor�.a6mee-: to� executr. such. further aaaignments of any compensatiun. awarda, damagea, � and � cightv o[ actiun and prxee�la aes .Lhe..,
<br /> .i . Mortga8ee:.may� xpquire.. . . . . . . . . . . . .. � � . .
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<br /> � � � � . That in caseof failure to perform any of the covenants herein, the Mortgagee may do on the Mortgagor's behalf everyihing . � .
<br /> � so coyenanted: . that the Mortgagee may also do any act it may deem necessary to protect the lien thereof; that the Morlgaqor will �� � �� - �
<br /> : � ��� repay upon demand any 'moneys�paid or disburaed by the Mortgagee for any of the above purposes, and auch �moneys toget6er -with '� _ � � � � �
<br /> interesf theteon at the-rate provided in said note shall become so much additional indebtedness hereby secured �and may � he io- � �
<br /> cluded in �any decree forecloeing this mortgage and be paid out o[ the rents or proceeds of �ale of�� said premises if not otherwise � - : . � � � . .
<br /> � � paid; that it shall not be obligatoty . u{wn the MoNgagee to inquire into the va/idity of any lien, encumbrances, or claim in ad- �
<br /> - vancing ��moneys'. es- above �-authorized, buE � not.t.inq herein contained shalt be conatrued as requiring the Mortgagee ��to� advance� any .. � ..
<br /> t;� � � moneya, toc any�sucla�purpoee nor to do any act hereunder; and lhat Mortgagee ahal! not incuran y y- �" � � � � .
<br /> y persunal liabilit becauae �of an . . ..
<br /> � -thing� it-may do or. omit� to do �hereunder. � � � . � � � � - � . . ' , � � � �
<br /> i�� � � . � In � the� event of�.the default by MortgaQor. in the payment of any inataliment, as required by thc Note securnd hereby, or = ' �� � . . . �
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<br /> j '. . irt -the performance�� of the o6ligaEion in thie mortga�e � or in the note secured thereby, the Mortgagee shall be entit}ec! to detlarr the - . .
<br /> debt�secuced.hemby: due and �payable, without notice, and ,the Mortgagee ahall be entitled at its option, without notirn, either hy ifsel[ � �
<br /> � or, �ry'a, �eceSVet to'be'appointed.;by the court the�eof, and�,without regard to"the adeqvacy of any security. for the � indebtedneas se- . � . � � . �
<br /> cy`�t� ed `l�ere�y, �fo e�ster � upon and ��take pbshesdion' 07� the � 'mortgaged pnrs�isee, and to rnllect and ieceive tl�e tents,� iasues and profits � _
<br /> + t}itir'eot anil'� apply t}�e' dame; ]esa conls of 'operation �and collection. upon� the �- indebtednese xcured by � Yhix �nortgage sei�d�: ter%ts, - � ��
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<br /> ', � iaettes�aad' piofite being' hexby aaeigned��to khe Mortgagee�as �Furthec necurity for the payment of all indebtednesa sl�cLre� �iereby_ �� � � . � � ' �
<br /> � The Mortgageeshall have the power to appoint any agent or agents � it may denire (or the purpose of repairing sa�d prem- � - z�
<br /> , � , iees;: ceaUng . the, eamG; .Collecling� the rente, revenues � and. income, and iL may pay out of said income .all expenses incurred in :ent• . . �.����. �, ,.,
<br /> ing and manag�ng �t`he � esme and �o[ rnllect�ng the ' rentals �Eherefrom: � 'The batance remaiaing,� it any, ahall be applied toward the . � . .
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<br /> ' diechar�e af the mo,rl,gage mdeb ,tednees ,Thia asaignment is to terminate and become null and void upon.,release of thia mortgaRe. . 7 .,"�;, -� - '�
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