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<br /> 78- 003217 .
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<br /> , T�fE.. MOIiTG��3,F�i'�j�•7�''•:�A/.$�'iANT3 AI���`.�G�$ ��•C+:� f "�: f�r:Is.fiN.().� �:7;;'I 1t.2 T� RI i , /;
<br /> Thatqthe or,Agq� ' ' p4 . ^ � � .
<br /> ,��.., .- �- r P �n tndebtedtlens as- (terp�t�be[ore prov�ded .
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<br /> � ,3 � :� �.-� t."fr , � �
<br /> . . Tha� tri�`''�'1tiIorlgego'1 ?,h! '�, c er ot . said , ` . � : �� . . ' ,• �
<br /> - � � � � ?�������;,.�. Property m fee s�mple" and . has good right and lawfut authonty to sell and`��' �'
<br /> . convey the e3� � � �i e> e and clear ot any lien ��ep�1l�zLnce: a3�d;X��r.��rtgagor will ware r � .«
<br /> �f' � title to .seid �Prem�'e�ll"� r �, �c�F��'�'*�°,Persatnfis�"w�Pmepewez` i�P�4'�, dI��4?� f�14.:t. 33�A
<br /> - � . � .k � �}} � y''� i N'. Y4 �t " . F•
<br /> ; z'o �•;��U.�„ �,r ��,�a "Puy'�blt.all " � �
<br /> . � . � � � ., > y , . . �gener$1 taze5, sppc�al taxes, .apecial assesaments, water char es, sewe � �3 `�
<br /> � ice charges andmf�'ier tazes' and charges a s� � �pro rt and all taxes levied ��on the debt aecured hereb g � � � '
<br /> ; . ' �MortBagee. upo tegyea�, w•j.�hg r�g�na�r;�fiap�icate�.�f2���fdr.. The MaYtg$gor agrees that .'.�p� Hh�to fur�n��it�'*�
<br /> � . . ;esch moathly —L�tlk e�u� �`�'iL��deF or �fu�der the`, evidence of debt secured hereby an � amount estimated by the Mortgagee .
<br /> ; to be suSic�e�*�i'o,. .... b(�"''Lht+' Mo+�eBee to � .. _. . . . . . .. M , �� .
<br /> , f .a.. , 1�„ , pay as they become due:, a14.4axes. ayaes,yments. and similar chargea upon tbe prem= . , a ��' � ,>.
<br /> ia�8` BuibjecCfhtehr�eid';'--aMny.� d'efic�ency Cietause of"the irisufficiency of�� �such� additional� paymenfs � shalt be forthwilh ��deposited� -� by � the "� �
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<br /> ' �.}. ac.4,,, t�f+3 Y�v�F-��7Cll �i �� t�z�LV p Y
<br /> i W+ t6 rtgagee .upon ,demand b the Mortgagee. AnX , default under tlu3s poragraph shall be deemed a de(ault in
<br /> �. �Y'�'> �+ ` � 'ra ) Jf;.i��U�^F/�S�C1ifr :S�e���?� .fe9Uirgd hr, seundB� ' . � i . �. . � .
<br /> . 4' '. 1 ` ! i .F,�.7 . r")'� �I �ii � y i ' � ,1.�ry� �EI Z."+�7�i.�t .♦rIC?� 4 K
<br /> � . The Mortgagor agrees that there shall also be added to each �r'ridnth'Iy-payment"d[� prihElj7E�fl'~antl i�Y��}e8t"�eySlitt�tl �liere--� ,=�� j '
<br /> ' � under an � amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as it becomes due, t6e � insurance � '� ��� � � � ���
<br /> � preminm� on sny, insurance ,policy delivered. to the Mortgagee. Any deficiency because of the insuR'iciency oC such additional �' I�
<br /> meitits shAll' be �forthwith deposited `by � the Mortgsgor with the Mort a ee u � � � � ' ' � � � � � �Y "�
<br /> � paragraph ahall be deemed a de[ault in the payment of� insurance g g �n demand byYhe� Mortgaqee. Any � default .'uniler this
<br /> ; � ownets � or all risk � Pcemiums. If the. policy or � policies�.deposited air such � Frurrie•� ' � i ��.�
<br /> policies, and the depositv are insufficient to pay the entire premium, the Mortgagee may apply the deposit to
<br /> .. pay premiums on risks mquired to be i,psiy7Ed ¢y, .th�s mqtf8 C, ;;
<br /> . � � ... l a - r.t 1 t . .k � .� : ri . � � S` � "! 1 t . . Ti: . J .ltd. , � E) � `Yr; T �� � �
<br /> . Payments made b the M ' Trr.1 `
<br /> . Y crk�agdfEiva'r8er [heSelbove_baraeraPh4futna,�7. 8E'.tHez;optionr�uEL(h�''',&lart�agee:l6e held ` by it and F �� ` `'.
<br /> commingled with other such funds or its own (unds for the a T -
<br /> ` pledged as security for the unpeid balance of the mortgage i debted esQ.ch items, and until so applied, such payments are Bereby :' �
<br /> ; J
<br /> . � To procure, delivet to, and maintain for the benefit of the Mortgagee during the Iife of this mortgage ariginal �licies� and "'� ��
<br /> � renewals � thereof, delivered at least ten daye bejore the expiration ot any such policies, insuring against fire and uther insurable � �
<br /> � , . hexerda, � caeualties, and mntingenciea as the Mortgagee may require, in an amount equal to the indebtedneae� � �� ' �
<br /> secured by � thia
<br /> j - Mortgage, and in companies acceptable to the Mortgagee, with loas payable clause in favur of and in form acceptable to the bfortga- � ���. 5 'I
<br /> B�: � In the event any policy is not renewecl on or before ten days of iter expiration, the Mortgagee may procure insurance on the � � �'' t';�
<br /> � , improvementa, pay the ptemium therefoq and .such sum shall become immediately due and payable with interrat at the rate set � '�
<br /> Corth in said note untit peid and shall be vecured by this mortgaqe. Failure on the part of the Mortgagor to [urnish sach renewals ` M'
<br /> � , .as �are herein required or failure to pay any nums advanced hereunder shall, at the option of the Mortgagee, cc�nstitute a de(anit '.; � ' �' ��
<br /> � under the tertns of this mortgage. The deliver vf such '-j�
<br /> y policies shall, in the event o( default, constiWte an aasiqnment of the un• `` � '��i
<br /> ; � � earned premium. . . . . �; r s .� �
<br /> v�
<br /> � � � Any aums received by the Murtgagee by reason of loex or damage insured against may be � retained by the Mortgagee i , ^ ,y�
<br /> � � . and applied toward the payment of the debt hereby secured, or, at the option o[ the Mortgagee, such sumn either wholly � or � in a '�; r` `� �%
<br /> . . part may. � be paid over to� the Mortgagor tn be uyed to repair auch buildings or to build ' new buildings in their place or for any , t ' `� �Y�T�'t
<br /> k � � � � other purpose or object satisfactory to the Mortgague without aRecting the lien on the mortgage for the [ull amount secured here- �
<br /> � 4 f TM�
<br /> by before such payment ever took place. ' �� ,.��n
<br /> , � To promptly repair, restore ur rebuild any buildings or improvements now ur h¢rea(ter on the premises which may be- t
<br /> � �come damaged or destmyed; to keep said premises in good condition and repair and [ree [rom any mechanic's leen or other lien or
<br /> � � �claim of lien not expresaly subordinated to the lien hereof; not to eut7er or prrmit any unlawful use o( or any nuisance to eriet on
<br /> � . � said . properly . nor. to permit waste on said premiaes, nor to do any other act whereby the property hereby conveyed shall become�
<br /> ° ` feae valuable, nor to diminish or impair ita value by any act or omission to act ; to cnmply wiYh af! requirementc of Iaw with respeci
<br /> 's�• � to the mortgaged premiees and the�uae thereoL � �
<br /> �� '
<br /> � - � � -That ahould the premises or any part thereof be taken or damaged by reasun o( any. public impmvemeni or rnndemnation
<br /> ` proceeding, or under the right of eminent domain, or in any other manner, the Mortgagee shall be entitled to all rnmpensationa,
<br /> ( � � awards, and any othei payment or relief therefur, and� shall ��be entitted, � at its option; � to � commence, � appeat �in"and � prosecute��� in��ifs '
<br /> ; � own name any action or pracee�ding, or to make any compromise or setUement in connection with auch taking ur damage. Alf such
<br /> , �� cari�penestion, e.4arda; � damages; right-. oE .action and �proceede �are hereby � aseigned� to ' the � Mortgagee, �'who- mey, . aftes ' deducting�
<br /> �,� therefrom ��a'll�� its expenses, �. reiease: sny moneye ao received by it or. apply. the same un any indebtedness secured� hereby..The �. Mort-�:
<br /> ; � Sagoragxes; to��eteeute sueh- further � aesignmenta o[ any _ compensetion, awarde, damages, and riqhts of actiun and proceeds� as . the. ' � - � �
<br /> � . ; � � � � . . � MortBeSee -ma . �
<br /> ' . r � . . _ . ... Y re4uire. _ . . . . . . � �� . . , .
<br /> ' � That in case of failure to pertorm any of thr covenantv herein. the Mort � - � ' � � � �� � � �� �� �
<br /> gagee may do on the Mortgagor's beFalf everything �
<br /> . eo covenanted; that the Mortgagee may also do any act it may deem neceasary to protect the lien theceoF, lhat the Mortgagor wil! "�x ' � �
<br /> � � , re�aay Upon ��demarid 'any moneys paid .or"diabuised� by fhe Martgagee foYany o! the aAovepurposes, and such moneys togetfier with "'^ � �
<br /> � inte+Yest"therCdn aE the rate peo�+ided �in aaid 'note �ahall become so much� additional indebtedneeu hereby secured� � �and ' may � be �in- �Ir'; � "
<br /> � duded in any decree forecloeing this mortgage and � be paid out of the renfs or proceeda of aale of �said>premises� if noL otherwix � "�'. ��
<br /> ; . paid: thet it ahall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances. nr claim in ad-
<br /> . � vancingraoaeye� as- above.;autlwrized, :but - nothing�. herein contained shall be conxtrued � as reqviring . the � Mortgagee . tu adv,ance any �
<br /> : y_
<br /> � , ; m°'*r� f�'-�Y �+�'34'Eurpoee aor to�do,any act.hereunder; and. that Mortgagee shall not incur an �""" " ,; ��
<br /> �thingit�may,�dooromiR; todohereunder: � . Y� (��unalliability. because .ofany- , . ,'.
<br /> . + . . �� . . . � . � � . . � . . i , .
<br /> n. : -..:.i , . : ,„ . .. . � :. � . . . . � � �� . � . . . ' ' . .
<br /> ,i . �-� In the event �of the defaulbby Mortgagor, in lhe� payment � of , any. inetaltment, as . required by the � Note secured here6y, or ✓'�
<br /> • , � in 2he pertormance of� the obligation in thia mortgage or in the note� secured thereby, the Morigagee ahall be �eniitled to declare the �
<br /> : deht� egcuzed �e�eby, due an¢, pgy,able without nVt{ce„ and .the, Mortgagee shall be entitled at iis option, witAout notice, either by itsel[ �
<br /> - 0. :: f Y
<br /> . �;� err�y. aysecerver fo" be a�po�nte[I;tiy thC 'court thereof, and ,without regard to� �the adequacy of any �aecurit Tor � the ��indebtednesa ee• �
<br /> � ' ��� ciyxd h�reby'"���o'��nter`{��on 'ahii'� fake p8s'�eas�on' o'�� the mort . . . : .. . . � � � .
<br /> • _ Y
<br /> Ba6� p�misea. � ai�d to collect and receive the rnnt,s, issues and� �profita �
<br /> � , thereoP� and apply L}ie' aetne .�ess coste ot �"operation �snd collection. �upon lhe � indebtedne�e aecured by this mortgag�e said� ren4, � �
<br /> ' �. e e
<br /> ue�ies'and pra6fs� ydngherebytaes�gneF1' W:the Mortgagee' as �further aecurity foe �the payinent of alI .indebtedhe'�s�sen�r(�it }�eregy
<br /> S � . ,-., . . . . .
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<br /> c . The MorLsagee shall have the, power to a y ng agenta it �may deaire for the pu ' - - " � � � �� � ^ �
<br /> ppoint an ent or rpoee of repairing said prem- `� �
<br /> � � iks; . xnCing -th4 same .wllectiag,. thei renG reyenues end ,income, and, it may, pay out of said inrnme all ex �
<br /> +* , i and ma ` , `. >.•� ••' ,�. ..�. �:r � e . .. �, . . . . . . . . . . . penses. incurred in rent- � . ���ff ' r"�
<br /> � ^� +i6� naBing !�e same and-- o(''collectang t"he�. r'enlals therefrom" 'The balance remaining. � i( . any, ahall be �applied towsrd the � � p �. �
<br /> r �,� � x�!a+'8� � Zhe awrtEeBe mdabLedneas. � Th�staae�gnment �s to term�nate and. become null and void upon release ot thia mortgaRe. � "'.
<br /> � r ssa.t .�� nw� ;r-,.r� zr>�'� >si-e ;
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<br /> � �` "��^'�.w., M""`a i+-. ro� � �K. � .i . Y � . . . . . . , . , . . . . . . . . . � . . . . . . . . � � �Yx.:i.
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