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<br /> T.KE 1JI(lYfT'GA�OR�E �'�IR'�HEI�`ti`�OVENANT3�Jl1'1���A�GREE9: �. � � . • ' r� � . � G�"'. ' .
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<br /> That -. Lhb �Ytortgagor w�ll � pa t�e� indebtednesa ea .beceinbefore provided. . �. . � � � � � � �. -. �
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<br /> � ' That '�the 7Kortgagot is ;the dwner of said property in fe� aimple and has Sa� right and lawful authority to sell and
<br /> �. ; convey the aeme�$�`�tlh4tS[ jhe aatne .ia free and clear of any lien oc e6"c�uinhaance; and-�4Fiidi,(M'O�tgagor will warranJfand���cTi+le"nH�the• �� +�'"p+�t . . . .
<br /> titte � to said "premiae's::. sgsinst , the �claifns;ot all pereona�.whomsoever: . � .
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<br /> � � To pay }Itnit�ed�ate5y wfien due and payable all general taxes;�sryecial� taxes, specinl assesxmenLq, wat�r chnrges, sewer serv- � -
<br /> �. ice charges, and otliei � te�cen nnil charges apain� �.sai�. �per�.ya4Fnd :ei� ,tax� �evied on the debt secnred hereby, and to furnish the � � .
<br /> . Mortgagee, upon �request4 wi�.. th� orieinal` or�uplica�e. . i'�qe�p�..y _t}ie{efor. �� The MiiitgAgor aRrecrs tha! there� 'RFiaFF �1��+ailill� -to � =��� � .
<br /> � each monthly pAYm�trE r@t�Vl�red`�ieretYrider or under ihe "e�P�eAc€� �ot'�lebt secured hereby an amount estimated hy the Mortgagee � �
<br /> � '� to be nufficient ta enable the'-Mottgagee�'� to pay, as they� become due, alI taxes, assrssments, and similar charges � upon � the. prem• ,��;--. - � � . .
<br /> �', ises �auAject � therelo; �any� ileRciency �t�ecause of the� insufficiency of such �additional ��aymentt: shall he forthwith depoeited by the � '-�� � � � � ' � � � � '
<br /> Martgagor with lhe Mortgagee uF+on drmand by thc Mortgagee. An <l�fault under this T�aragr�ph shall be deemed a rlefaulf in �. � �. �
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<br /> . P8y'�ioe�id:o6 ti8x�� aw�e�ements, nr similer chargeti reyuir•!d }�rreune4er � "� ' � � " � �
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<br /> � � The MortKaKhY' agmes Lhat Cheri.:` vHuIl� -alao fie• �a�127ed tu rach n���eitlily payment o! nrincipal .anrl� interrsit nqu+red -here- � � � �
<br /> , under an amount estimatrd by the Mortqager, tu be suf�icient to ennble thr MortKNR�•�' to pay, as it Mecomes du��, the insurance � . � � . . � . �
<br /> premium on any insurance puticy delivered to the Mnrtgagee. Any deficiency hecause of lh�e inhufiiciency of such additional pay- � , . . �
<br /> �� menLv xhnll ba torthwith depasited �by the MortKagor �with the Mortgagee upon damand by the A.Iortgagee. Any default un8er this ; . � -
<br /> � paragraph shall be deemed a de(ault in the paymAnt of insurance pr�miums. It thc ��licy or nOIlCtAS depocited are such as hume- � � � _
<br /> � ownera or al! risk policics, nnd the dejxisit are insu�ci��nt tu pay the r•ntin• prrmium, the MortgnKee may apply lhe deposrt to � � � '
<br /> � pay premiums on risks required [o be insu[ed �j'. ,this ,mqrtgage : . ; , � , � , ' � � �� � �
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<br /> ' , Payments made by the MortPagor 't�n�ier the'abovr :ryaragr»ph� may, al ' t}u+� option ' ot� tiw'� �MortRaga+ey �be-#�eld � fiy it and . � � • °
<br /> � cornmingled with othr, r such t�ndx ar �itS :oWif ;Cuqdr,:YdC.-the payrrieht. bf such : items; arii3 unti]� so��apryl'ieil, s�ic$jPAyments are herehy � - . .
<br /> �- ' pledged as security for thf• unpaid balance p4 the mortgage intie6tednessi . i . �: : . , . . . ' .. ; ,e ' � "� ` `, .. . ��' � � ,'
<br /> To procure, deliver to, and maintain fortfie benefiE -of thr MottKage� dunng the I�[e ofthic rttort�sge orSginal P�� +cies and � �
<br /> . renewals thPre»f, deliv.�r.�i at irast ten days hc•fore the expir� tivn of any such p:�l :ci�s;-� insuring agmnsi- �m arid � other insurahle . � � �
<br /> �� hazards, casualties, and contingencies as the Mortgngee mny rrquire, in nn amount equni to the indebtc:dnesa secured by this '. .
<br /> Mortgage. und in �rompanirs acr.eptable to the Mortgage•e, with loss paynMcr dnune in favor of and in form acceptable to the Mortga- � -
<br /> gee. In the event any ryolicy is not renewe•d on ur betore ten days uf its cexpirat.ion, th<• Mort�aKee may prxure�e insurance on the � � �. �
<br /> �. improvementa, pay the premium thcrefor. and such sum shall becnmc immvdiately due and payable with interest at the rate set � � �
<br /> forth in said note until paid and vhall txr +ecurrd by this mortgnKe. Failure on the part of the Mortgagor to furnish such renewals . � �
<br /> ss are herein required or failure tn pey any vums advanced herrunder xhall, at the optiun of the- Mortgagee, constitute a dnfault ' � � �
<br /> . undec the terms of tbis mortgage. Thr rlrlivery o( such pnlicies xhall , in tha event n( default, constitute an �ssignmrM af the un- � ��
<br /> earned premium. � � . � �
<br /> Any sums received hy the Mortgag��e by reason of loss or damage insured agninst may he retained by the Mortgagee � � �
<br /> and applied toward the payment of the debt herehy sacured , or, ut the option of the MortgaKee, such sums cither wholly or in � � � � �
<br /> pazt may be paid over to the Mortgagor to Fx� used to mpair such buildinqn or to build ' new buildings in their placr or (or any � '< ' �-��
<br /> . .. other purpose or object salisfactory to the MortgaKev wiihnut :iRectin�; tTit� lien ��n the mortqage [or the fuq amount secured here- � �
<br /> . by befure such payment ever [�k place. �, �. .
<br /> , . . . p.�....-�..:.
<br /> � � To prumptly repaiq restore ur rebuild any huildin�;v or improvements now ur hrrc-nR�•r on the premises which may be- . . . � ��' �
<br /> � come demaged or destmyed; to keep said premises in g�l condition and repair and free from any mechanids lien or other lien or �, � � � . -
<br /> claim of lien not expressly aubordinated to the lien hrrenf: not to suRer ar permit any unlaw(ul ux o[ or any nuisance to exist on � � �
<br /> � said property nor to permit waste on said premises, nor tn do any other act whereby the property hereby conveyed shall become � � � - �
<br /> less valuable, nor to diminiah or imaair ita value by nny act nr omission to act : to comply with all requirements of law with respect � - .
<br /> � to the mortgaged pmmises and the use thereoL � � .
<br /> That ahould the premises or any part therro( tx taken ur damaged by rea�on of any public improvement or condemnation �
<br /> proceeding, or under thr right u[ eminent domain , ur in any other manner, thr Mortgagee shall be rntitled to all compensations. " . � . �.
<br /> awards, and any other payment or relief therefor, and shall be entiUed, at ita option, to commence, appear in and � prasecute � in � itv � � .
<br /> own name any action or proceeding, or W make any compromise or settlement in connection with auch takinq ur damage. All such . � � �
<br /> compeneation; awards. damagrs. right ot action and proceeds are hereby aseigned to the Mortgagee, who may, a[ter � deducting . � . �
<br /> '. th¢retrom �all its � expenaes, �reJeaae any moneys so received by it or apply the eame on any indebtecl�ex.9 aecvred hereby. The - Mort- � � - .�
<br /> gagor �agrees� :to. eXecuta snch further agsignments oC any compensation, awwrds, damages, and rights of ac[ion and proceedR as the � . � .
<br /> Mor�Bagee �. maY +e4uire. � _ . . .
<br /> � That in cese of [ail�re to perform any o[ thr r.ovenants herein, thr Mortgagee may do on the Mortgagor's behalf everything �� ��� � �
<br /> . so covenanted : that the Mortgagee may also do any act it may deem nec�ssary to protect the lien therec�f, that the Mortgagor will � � � �� � � � ��
<br /> � repay upon demand ��any'moneys� Paid or �3iabursed by the MorlgaRPe for any of the above purpases, and sueh moneys toqet6er with � ' � � .� . : . �
<br /> �� iaCeteaEtheieo� at ' the rate provided in xaid note � shall become so much additional in�lebledness hereby xecured and may }�e in- � ._.: . � . �
<br /> cluded in any decree foreclosing this mortgage and be paid uut of the rentn or proceeds � of xale of seid premiaes if not otherwiae �_: .. . . . � .
<br /> paid: that it shall not be obligatory upon the Mortgagee to inquire into the validity o[ any lien. encumbrancex, or claim in ad- . . �
<br /> �� vaszcing� moneys 'as: ebove � authorized, but nothing � herein �contained shall be construed as requiring the Mortgagee to advanee any ,:,,., � � �
<br /> � � . moneya . for. any aueh purpose nor to do any act hereunder; and that MortgaRee shall not incur an,r• persunal liability becau.ce of any- _ . � � �
<br /> thing it �may�, do or .omit to do hereunder. � . . . . . . � . . . . . � �
<br /> In the event of the de[ault by Mortgagor irt the payment of any installment. as required by the Note secured hereby. or.� � �
<br /> - .� irt the pedormance of the obligation in this mortgage or in the note secured thereby, the -Mortgagee shall be rntitic�l to declare the � � �
<br /> . � debt. eecured hereby due, and payable without notice, . and the Mortgagee shall be entiQed at ita option, without notice, either by itselt � � .
<br /> , or..by a receiver to be appuinted by the court thereoF, and without rngard to the adequacy ot any aecurity for the indebtedness se-
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<br /> � � �.� cuied here , ; to enter� upon and: take poshesaion' of !he mortgsged premisee, and to rnllect and � receive the rents.� iasuea� and profib � � . �
<br /> ; , �� ' � th�'Yeo[:� and`apply tl��:satne�e9b �fs��of� �operatio� gnd���collection, upon � the indebtedness aecured � by - this mortgagg, saidy:���' ents;'." �
<br /> � ` � � iesdes'6nd pi'o�fs'Fiain � �h0reb �asei ed'to Lhe Mort a ee 'as furfher securily� Ior the payment �o( all 10dPIfLP(IOPlS�4 -SMLYPfI F1lrP..�p . �� ��� '
<br /> � � � � � � The Mortgagee grhelt have the power to appoint any agent or agents it may desire �for the purpoee of repairing �said� prem- � % � ., Z
<br /> �' � �. ises: renting' the,,,eame�,: So1leGting ; the.. renta, rnvenuea and income, . and it may pay . out oE xeid inrnme all expenses incurred in rent- ` " �'� ?
<br /> ,. , ,, - � ing: and ���mandgingYthe� samp and ot. cotlecting the� rentals- therefrom. � The balance remaining. if any, shall be applied toward the r.:�� ,, 4
<br /> . � discharge of ��the mortgpqe mdebtedneea. Thia seeignment ie to terminate and become null and void upon relydse of thiR morfqage. � �� : ' �
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