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<br /> TRfE..���3'G�L�('aOR�'`F'�I�TI��R�'�'AYENANY'9��AP�I��'A�F�.L�9et '� Yri.-1$i� ri .;Jk I . '.:? 'F2s�I`?
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<br /> , � �. . That : the �iPrtgagor 'p� th - indebtedness as hereinbefore provided. . . . . . . . � r- ` t : ;.':u , . _ V .
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<br /> - � That �the Mortgagor's i� the 6wner of said property �n fee simple "and har B�� right and lawfut authority to sr.0 and � - �
<br /> � eonvey the sac�,6p�Eheaame la free and cirar of any lieri.oe 'efiaiunlrFance; ancl "tbeitilGIBi�tBagor will warrant ;sti7t'ti�fsndC]'1L�.I:�AC)e3 .
<br /> � title to xaid :preiriises '�ega�nst ili�e c}aime �uf all penons whomsoever.: �. . . �
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<br /> . To pay�rtafi��39�e1y w}ien due and payable sll general taxes; �s�cial.� taxes, special asseasmenis, water charge3� se'���se . � �
<br /> . . ice charges, and other��taxea and � charges againat said pro�x�rty, and all taxes levicd on thc� debt secured hereby, and to furnish the
<br /> � Mortgagee, upon �fit� lvith �EKe� aiagi�al or duplicate receipts therefor. The h7Fldtgaigor agreeY that lliet� rlhbTN bgC.'atltlea .itoll"J+`B't.5±�;
<br /> each monthly payment , required hrreunder or under lhe evidc•nce of debt s�cured hereby an amount eslimated by the Mortgagee . , .
<br /> � tn� be sufficien�' Eo enable the'. �Mortgagee�, .to pay, as they become due. all taxes, assessmentx. and similar charBes upon the prem- �,r� . . . .
<br /> isea 'sub'ject� themto; any� 8eficien"cy � F�ecause of� the insulfiCiency of �iich additional paymen4s shall be forthwith � depositett � by � the � �
<br /> . �� Mort �g�r wit�t���rtgagee upop ..demend by U�e Morl�;egi r Any default undE•r thi;� P? raRraph ¢hall be d< rmed a drfauit tn
<br /> � - �= t of-�ta mentv nr crntdar chnrges r�wrrd hF rt un�}ei' f .
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<br /> The Mortgagur� agrees� fhnt there shall, a14o be addrd to �•ach monthly payment of princ�pa! and . mtecE-st required here• .
<br /> under an amount F9timxted by the Mnrtgagee to b�• sufticie.nt lo enable the Mortgager to pay, as it bc•comes dur, thr insurance . .
<br /> premium on any ineurance {wlicy delivered to th.� Mortgagc�a AnY deficienc:y bocr+use o( lhe insufTiciency of such additionul . pay� � � . .
<br /> � menLa� ��sha�l � 6e � forthwifh dep�sited by � the � MortRagor wilfi the Mortgagee u�n demand by the Mnrtgagee. Any de(ault u�der this . �
<br /> � paragraph shall be deemed n default in the payment nf insurnnce prrmiums. if the pnlicy or �lieies deposited are such ae hdme-
<br /> � owners or flll risk �mlicie�, nnd the deposiLs are insufficient to pay thi� entirN prcmiurn, the Mnrtqa�ce mny apply the deposit to .
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<br /> : PeY Prem�ums on nsks requ� rCeCtA',be.,�nsVfc4f. bX-,this mnrtgage:� ': i-: . . a'. .a ". ' .:�. " %' ':� � ::-:�. � � " � • : ,� �f. :. �.. •7 : � . . "�.
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<br /> � PnJm�Thts maffe4b� lhe `Mortgagqr under thP abov�•. para�ra�ihK tnay. ' ,at Che qryttAn of �fhe Mbrtga�ee be ��held ' by it and �
<br /> comminq�ed with othery�cli furi�9 or �t�s -ow*rfunds ' for the -paymeM ' o[ vveh +�en», anH u4ib1 sa appLed stich pavmeiita are hereby
<br /> � pledBed a� securit5()fo� ::'tfie:Yiripaid"kialance�. ,bf tFi�'mn�tRaR�. inr}ebtednexs. :`, . -� . . _ . � �' � . •. j . . .. ', : . . .
<br /> � To procure, deliver lo, and maintain [or th� benefit of ehe• Mortgagee during� thP li�� of �'th�c�mortgnge original��policies and � � . �
<br /> � renewals thereo[, delivered at least ten days lieEore thc rxpiration u( nny such pulicirs, msunng ngainst fire and other insuraMle . � -
<br /> hazarda, cesualties, and contingencies as the Mortgager, may require, in an nmount equal to the indebtedneaa secured by thie � .
<br /> Mortgage, and in companies acrnptable to lhe Morlgagre, with lovs payaAir clau.v in favor uf and in form acceptabie to lhe Mortga• .
<br /> gee. In the event any policy i. n�>t rcnewed un or befonr ten days n( i4c expiration. th<� Mortgagee may procure insurance on the .
<br /> improvements, pay lhe premium th.arefor, and such sum �hall hec:>me im�mPdiat�,ly due and Payable with interest at the rate set . . .
<br /> [orth in eaid note until paid and shall tx� securrd by this mort�;aKr•. I�ailure on the part of the Mortgagor to tumish such renewals . � �
<br /> as are hernin requimd or [ailure !o pey any sums advanc�d h�>reunder sh�R, at the option ot the Mort.gagee. cunstitule a default .
<br /> � under the terms of tt»s mortgaga The drlivery of cuch policirr shall , in the <•vent oP default, constitute an assignment of the um
<br /> , earned premium.
<br /> � �� Any sums received hy the MortgaK<'c by reaaon o( loss or damage insured against may he retained by the MottRagee .
<br /> � and applied toward the payment of thP drbt hereby secunKl, or, at the option of the Mortgagee, such sums either wholly or in . . ., - ;
<br /> part may be paid over to the Mortgagor to be �sed to repair such 6ui]dinga or to build ' new buildings in thrir placr or far any �>»K� ��
<br /> other purpose or object satisfaMory to the Me�rtgagAe wilhout aReclin�: the tien on the mortgage (or tbe tull amaant secured here-
<br /> �� by before such payment ever tcwk place. � . . . "
<br /> � ' . To promptly repair, reslore or rr. build any buildings or impr����emen�s now ur herenfter on the premises which may be- � . �
<br /> come dameBed or destroyed: to keep said premises in Ka�� condition and repair and trer from any mechanic's lien or other lien or .
<br /> � claim of lien not expressly aubordinated to the lien hrreof: not to sufter or permit any unlawful use o[ or any nuisance to exist on , � � �w
<br /> � said property nor l� percnit waste on said premises, nor to do any other act wherefiy the property hereby conveyrd shall become .
<br /> � leas valuable, nor to diminiah or impair itc value by any aM or omixsinn to act: to cnmply with al! reqoirements of law with respect � �
<br /> � to the morlgaged premises and the use thereof. .- � � �
<br /> � That should the premiaes or any part thereof be takPn or damaged by reason of any pufilic improvement or condemnation � - . �
<br /> . � . proceeding, or under the right of eminent domain, or in any other manner, the t�torlgagee shall 6e enliUed to all comrensatiorm.
<br /> � awards, and any other payment or relief therefur. and shalibe enGtled, at its option, to cnmmence, appear in and prosecute � in its -
<br /> � oavn name any action or Proceeding, or to maka any compromise or setllement in connrction with such taking ur damage. All such
<br /> epmpeneation. awatda, � damages, right of action and proceecls are herefiy asaigned to the MortRaqee, who , may: afler deducting , .
<br /> " - theretrom �all its expenaea, �releese any moneys so received by it ��r apP�Y the same on any indebtedneas secured � hereby. The . Mort• � ,
<br /> • � gagoc �.agrees� �to execute . auch further a.ssignments of any compensatiun. awards, demages, and rights of action and r*oceerls as the .
<br /> � � � Mort6a6ee maY. rn4uire. : . � � . . � . . . . � . . � � .
<br /> - That in case ot failure to perform any of thr covenants herein, the Mortgagee may do on the Mortgagor's behal[ everything �� �
<br /> ao covensnted: that the Mortgagee may also do any act it may deem necesaary to pmtect the lien thereof: that the MortgaRor wiU •, . � � �
<br /> � repaq dpon demand �any "moneyd� paid or disbucsed by the Mortgagee for �any of the above pur�x�ses. and such moneys . togetFier with �. � � � . ,
<br /> iriteresf themon � a! the rate � provided � in- said note shalt become' so much additionel indebtednesa hereby secured � and mey be in- ,
<br /> cluded in any deeree foreclosing this mortgage and be paid out of the renLs or proceeds ut aale of said premiaes if noi �otherwtse
<br /> . paid: that it shall not be obligatory u{wn the Mortgagee to inquire into the validity of any lien. ancumbrances, or claim in ad . . , �. . .
<br /> � vancing�-moneys� as� abwe authorized, but nothin8 herein contained shaU be con.strued aa requiring the Mortgagee tn advance any . .
<br /> . moneya� for�any auch ,purpoee �r. to do any: act hereunder, and that �Mortgagee .shall not incur any persunal liability ,hecauxe of any-
<br /> � thing it maY � � �it to do. hemnnder.. , � . . . � `�;i �� . . .
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<br /> ` �; S . '� � �in the evenl of the default by .Mortgagor, in the payment of; any inatel)ment, as requirec! by thr Nole sewred hereby, oq . .
<br /> � � in-tht per[ormence of the obliBation in �thie mortgage �or in the note eecured thereby, tfie Mortgagee shall be entitled to deilare the . f
<br /> ' : ��� . � � debtaecur,ed hezeby. due and P,ayable wikhout notice. snd,the Mortgagee. shall. be entitled, at its,,option, without notice, eitherby, itsel[ �.
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<br /> � ��- �� oz�by '� IEC�+iver to be 'appointed by the, court tMereo(, and � without regard to the adequacy ot �any security for the ir�debtedness se- y
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<br /> � r upon and takA pos§eaa�on' o"f� the moitgaged ptemises, �� and �to rnllect and � receive thp rents, issues and proRb� � �
<br /> A � c�ired hete , Yo et�te �
<br /> � �� � � tlirYea� �nd'. apply, Lhe aame ..lens cobta�of o(�er�tion and' �coltectioa. . upon the� indebtr.dneae� �secured � by � th�e mortgege said � rents, �� � � _, � �
<br /> � iaw�s s#�d pidits'bein6•��e�`��a'6o the� Mortgaeee`as (urther secur"�ty for !he payment of all indebte�7nesb54eciiee� .frer`e"bj��' : :� �
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<br /> � The � MortgaBee shall have the � power b� appoint any agent or agenGt �it may desire (or the purpoee of repairinq said prem- �, ;.
<br /> �� �� iees; renting . tfie, a�me;. collecting the rente, revenues and income,, and it �may pay out of xeid income all expensea incurred .in renb • �< �
<br /> � ,. . . . :.0.
<br /> % ' � ing and�� mansging � the sam� � and oE �collecting the renkals �theref't'om. '� The � balance remaining. i[ any, shell !�e applierl toward the + ��� x ��-�1
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<br /> . . ' , � � . �. diacharge�� of the mo�tgage, .indebtedneas: This aasignment is to terminate and become nnll and void upon release. of this mortqa�e. „ ,;,, �.
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