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<br /> 78- vU3291
<br /> TJFfE . 1�ioi�i'GAi'GO�Ri�! ,F�RTHE�(:COVENAN't'3� Ai�`:.i1GREE9i' , . . . , ,+ '' ., ; .
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<br /> � That- the Mortgagor vr��i_��the indebtednesa as •hereinbetore provided. �. . � �� , , .,_ _ , ,. r ,; � . . . .
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<br /> . . Thet ,t �Q rt�gor � is !h� Owner of said property in , [ge simple and hsa good right and lawful authority to sell and � �
<br /> � rnnvey the aet�'�Auid'� ttfet the nerrie is free and clear of any lien oT �encumbrance; and - the4'�Mortgagor will warrant and deteri8 Ehe. i i -��. " r. � �
<br /> title to said :premises" againsk :�thc =claiaie of �all pereona. whameoever.� , � . � � �
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<br /> , To pay. �immedtately when due 8nd `payable all general taxes, special taxes, special asses.sments, water charges, sewer cerv- ��\ ' � � " � .
<br /> . ice chargea, and otherta:es and� charges against .5ai�1 prpperty, and all taxes levied on the debt secured hereby, and to furnish the , � .
<br /> � Moctgagee, upon r�equest, with the original ��or` •Qiiplicate ' receipts � ��Me�efor. The Mortgegor aR�aes that there2:aha11 -1��.�:- add€dlto'.� zSn �' �;; � �
<br /> ; each monthly payinenti- rPquimtf' heteent"�er or under the evidence o( debt secured hereby an amount eslimaled by the Mortgagee . � � � �
<br /> � to be su9'icien! to enable: tbe � Mortgagee .to pay, as they become due, alI texes, assessments, and similar charges upon tbe prem• � � - � .
<br /> - isea �subject theretot any deficiency because of the insufficiency of such additional paymen[s shall he forthwith deposited by the � � . �
<br /> ;; �T � ;:,(MoKL.4$or �with ;�tbe �lorlgagee upom �demand by the MortRa6ee. Any default under this paragraph shall be deemed a default in ' . � . . . �
<br /> � pEtytnent aaf tax�s, �.assessments. . .or s�milsar charges . reyuired hereundec. . . . . � . �� . � . ,. .� . . . . ._ � . . �
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<br /> ' The Iv�ortKagor agrees that [here shall also 6e added to each munthly payment of principaT -and interext required h�te-.��. �, ; - �� - ;. . � � . .
<br /> under an amount estimated by the Mortqagee to be suflicient to enabli� thc Morlgaqce lu pay, as it hc•comes due, the insurance � -.
<br /> premium on any insuraace policy delivered lo the Mortgagee. Any deficiency brcause of the insufficiency of such additional pay- � � � . �
<br /> �.. mentv shall be (orthwith deposited by the Mortqagor with the Mortgagee upon demand by the MortgaRee. Any default under this � � � �.
<br /> � paragraph ahall be deemed a defaull in the payment of inaurance prrmiums. If the �licy or policies deposited are such as kn�me- . � � � .
<br /> ownels or all riak policies, and the deposiLv arr insufficient to pay the entire premium, the MortgaRee m�y apply the depos'rt to � � . � . � �
<br /> pay premiums on riskH required . to � be insured by this mortgage. . . . _ � �
<br /> Payments made by the �Mo�tgagor�unde� � tfie'above paragrap6s�.:may, 'at` fh� on��ion � of the Mortsage�, �be �;held � by it and . � - �
<br /> � commingled with other such tunds nr its own funds [ur the payment o( such items, and until so applied, such payments are hereby � . � � � '
<br /> ' plcv)getl aa gecurity for lhe unpaid balunce oC the morlgaRe ind�rbtedness. � � � � � � �
<br /> To procure, deliver to, and maintain for lhe benefit o( the MortgaKee during thv �i[e o[ this mortgage uriginal polir. ies and . . .
<br /> renewals thereo[, delivered at least ten days betore the expiration of any such policies, insuring against fire and other insurable . � � � �
<br /> . hazards, csaualties, and mntingencies an the Mortgagee may require, in an amounL equal to the indebtedneas secured by thiv . � �
<br /> . Mortgage, and in companies acceptable to the Mortgager, with loss payablc clause in favor uf and in form acceptable to the Mortga- � . � � .. -
<br /> gee. In the event any policy is not renewcYl on or befure ten days of iL� expiration, the Mortgagee may prceure insurance un the . �. �
<br /> � imprwemenls, pay the premium therefnr, and surh sum shull bea>me immedintely du� and payable with interest at the rat� set � � � � �
<br /> �� forth in said note until paid end shall br secun•d by this murtgagr. Faflurr on the part uf the Mortgagor to (urnish such renewals � . -
<br /> '. as are herein required ur [ailure lo paY any �ums advanced bereundPr shall, at the option o( the Mortgagee, conetitute a de(uult , � . � �
<br /> under the tero�a of thie mortgage. The drlivery vf such polieiek �hall , in the cvent o( default, constitute an assiKnmrnt of [ he um . � � �
<br /> � �. earned premium. . � �
<br /> Any anms received by thv Moctgagee by reawn nf loss or damage insured against may be rctainvd by the Mortgagee � � .
<br /> '. and applied toward the payment uf the debt hereby secured, or, at the option ot the D7ortgagee, such Fums either whully or in .
<br /> part may be paid over lo the Mortgagor to be uscd to lE��IIt [ such buildingti or lo build ' new buildings in their place or for any � .
<br /> ' othet pur(wse or o6jeCt satisfaMory to the Murtgagee withnut aRecting the lien nn the mortRaRe for the full amoun[ svcumd here- �. � � .
<br /> . by before such payment ever te�k place.
<br /> . To promptly repair, restore ar rebuild any buildings nr improvemenLs now ur hereafter on the premi�es which may he- � � '�,., ,
<br /> come dameR� or destroyed ; to keep Gaid Premisea in good condition and rrpnir and frce (rom any mechanic'.v lien or uther lien or : �tl
<br /> - claim of lien not expresely aubordinaled to lhe lien hrre�>f ; not to sufier nr prrmit uny milawful use uf or any nuisance to exist on . . . � . . .
<br /> � asid proprrly nor to permit waste on said premises, nor Lo do any other ac.t wherrby the property hereby conveyed shall become � . .
<br /> . less valuable, nor to diminiah or impair its value by eny act or nmission to act : to cnmply with all requirements of law with respect . � � � � �
<br /> ; to the morfgaged premines and the use thereof. � � . �
<br /> That should the premines or any part thernof be taken ur damaged by reason ot any public improvement or condemnation �
<br /> . proceeding. or under the right of eminent domain . <�r in any other manner, the Mortgagee shall be entitled to all compensations. � � �
<br /> awards, and any other payment or relief therefur, and shall be entiWed, at its option. to commence, aPf�ar in and prosecute in its � � .
<br /> .. own name any action or proceeding, or to make any compromise or setUemr_nt in connection with such takinR or damage. All such - - .
<br /> . compensation, awards, damaR�: right o[ action and proceeds are hereby asvigned to tbr, Mortgagee. who may, after deducting �
<br /> � therefrom atl ita expenaea, release any moneys eo received by it or apply the same on any indebtedness secured hereby. The Mort• � �
<br /> �� gagor . agrees to� execute auch further ansignments ot any compensatiun, awards, damaRes, and riRhts of action and proceeds as the � �
<br /> � Mortgsgee . maY R4uire. . . . . �. . . . .
<br /> That in case o[ failure to perform any of the covenants herein, the Mortgagee � may do on the Mortgagor's behal( everything � . , � � .
<br /> ' so covenantetl: that the Murtgagee may also do any act it may deem necessazy tu protect the lien thereof; that the Mortgagor will . . _ � �
<br /> . repay upon �demand � any � moneya paid or disburscYl by the Mortgagee for any of the atwve purposes, and such moneys mqet6er with . ', ' ,
<br /> � interest thereon at the rate pravided in aaid note ehall become so much additional indebtednese� hereby aecured and may he in- � � -
<br /> . . cluded in any decree foreclosing this mortgage and be paid out ot the renig or proceeda of sale of said premises if not otherwise �� � �
<br /> �' paid: that it ahall not be obligatory upon the Morlgagee to inquire into the validity ot any lien, encumbrances. or claim in ad- �
<br /> � vandng 'moneys�. ss- above authorised, �but nothinq herein contained shall be construed as requiring the Mortgagee ta advance any s`;C.� �
<br /> , . moneya � for: any:such- purpoae nor. to do any act hereunder.. and that Mortgagee shall not incur any persunal liability l�ecaur.e o( any - - - . . �
<br /> . . thing� it may do or omit�� to do hereunder. �.
<br /> � � In the event of the de[ault by Mortgagor in the payment o[ any installment, as required by the Note secured hrrehy, or � �
<br /> � � "� � in the perfortnance of the obligation in this mortgage or in the note aecured thereby, tbe Mortgagee shail be entitlyd to declare the � � �
<br /> . � � debt� aecured hemby. due and .payable without notice, and the Mortgagee shall be entitled at its option, without notice, either by iLcel[ _ _: � : -, -
<br /> or !iy 'a reoeiver to be appointed . 6y tt�e. couN thereof, and without regard to the adequacy of any security for the indebtedness se- � � � � 'r � �
<br /> , cuced hereby, to ented. upon and take pos§easioti of the �mortgaged� premixa, and to collrct and receive the �rentss, issues and profiW '�'
<br /> LHereof arcii` apply tfie. eama, Iesacaets � of operation �� and �collection, vpon the � indebtednese � xcurnd by thi. mn;tgaqe. . said _ renb. �`� '
<br /> " L.�: 4: `iseit�s��d �eofiG being�hereby aesiened to the MorEgaqee as further security tor the payme�t of �all indebtedneae cecured� heiefiy" �` "`
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<br /> � . ' � T6e Mortgagee shall have the power to appoint any agent or agents it may desire for the purpoee of repairing said prem- rs'�
<br /> � � isee; reMing the� ssme:� Gollecti.ng; the renb,, revenves .and income,. and it may pay out of said income all expenses incurred in rent- ��'��
<br /> � � ing and manasing- fhe� sa'ine and ot collecting � t}� rentela lhere[rom. The balance rnmaining, if any, shall be applied toward the ';, �;
<br /> � � . � diecherge � of the mortgage ,indebtednees. This .aasignment is to terminale and become null and void upon releasr �d this mortRaRe. � .,.y.`' ..:�
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