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MORTGAGORS MAY MAKE PREPAYMENTS OF PRINCIPAL ON ANY INSTALLMENT DUE DATE. SUCH PREPAYMENT SHALL -BE APPLIED TO INSTALLMENTS LAST TO BECOME DUE UNDER THIS MORTGAGE. PROVIDED THE UNDERSIGNED ARE NOT. IN DEFAULT AND ARE THEN' THE OWNERS OF THE MORTGAGED PROPERTY, UPON REQUEST OF THE UNDERSIGNED,. OR EITHER OF THEM, PAYEE AGREES TO FURNISH TO THE UNDERSIGNED 100% OF SUCH PRINCIPAL PREPAYMENTS, UNLESS ADVANCEMENT IS PRO- HIBITED BY THE REGULATIONS OF CHARTERING AND SUPERVISORY AUTHORITIES THEN IN EFFECT. ALL SUCH .ADVANCEMENTS SJ/%LL BE SECURED BY THIS MORTGAGE IN -THE SAME MANNER AND -EFFECT AS: IF NO PREPAYMENTS HAD BEEN MADE. THE MORTGAGOR FURTHER COVENANTS AND AGREES: That the Mortgagor will pay the indebted inoss as hereinhofore provided. That* the 14ortgagor is the 6%vner of. said property in fee simple and has good right and lawful authority to sell and convey the same and that the same is free and clear of any lien or encumbrance; .arul that Mortgngnr will warrant and defend thin title to slid premises against the claims of all persons whomsoever. I'o pay immediately whenclue and payable all general fsixes, special taxes, special nssessments,.water charges, sewer serv- ice charges, and -other taxes and charges against said property, and all taxes levied -ire the debt secured hereby, and to furnish the &Ttrrtgagce, upon request, with the original or duplicate receipts thi:refor. The Mortgagor agrees that. there shall he added to each monthly payment required hereunder or raider file evidence of 'debt secured hereby an amount estimated `try the 1}ortgagee to he. sufficient, to enable the Mortgagee to pay, .as they becomo dui • n11 .taxes. assessments. and similar charges upon the prem- ises subject thereto; any dcliciencybecause of the insufficiency of such additional payments shall he forthwith deposited by rho 1lortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall he deemed a rlofnult in payment of taxes, assessments, or similar charges required hereunder. The 1lortgagor .agrees that there shall also lie added to each monthly payment of principal and' interest require•rd here- under in amount estimated by the Nlortgagec- to he sufficient to enable• the Mortgagee to pay, a it hecorne• dur..the insur:ulce premium ori any insurance policy delivered to the 11ortgagee, Any d6ficieney because of the insufficiency of such additional pay- ments shall he fortb,vith deprlsitecd by the 1lortgagor with the Xl6rtgancc ujxm rletctaPd by the• Mortgagee. Any default under this paragraph shall he `iTeerned a default in the payment of insurance irri•miunls. If the. policy or policies deposited are .tiuch as honor ownels or all risk policies, and the deposits are insufficient to fray tit • entire premium, the 1lortgagee may apply the deposit to pay premiums on risks requirckl to be insured by this mortgage. Payments made by the Mortgagor under the above paragraphs may, atihe.oplaun of the 1lortgagee, ire hold by it and commingled with other such funds or its own funds for the payment irf such items—and until so applied, such payinents are hereby pledged as security for the unpaid halance of the mortgage indebtedness. To procure, -deliver to, and maintain for the benefit of the 1,lortgagee during the life of this mortgage original policies and renewals thereof, delivered at. least ten days before'the expiration of any such policies, insuring against fire and other insurable hazards, casualt.ics, Hoed contingencies as the ldortgagce may require! in a n anon -int. equal to the indebtedness 'se>curerl by this NIiirtgage, and in companies acceptable to the Mortgagee, with loss p vable clause,in•favor of and in form acceptable to the \Iortg:i- gee. In the event any policy is not, renewed on orbefore ten days of its expiration,'the A4ortgagoe may procure insurance on the improvements, pay the premium therefor, and such sum shall become! innmediately. due and payable with interest.:at the rate sort forth in said mote Until p:uird and shall be secured by this mortgage. I ailure on fhe part of lite 1li,rl i gor to furnish such renewals as are herein required or failure to pay airy sums advanced he•re•undc r shall. at the'rrption of flit; \4ortgagoe, constitute :i default under the terms of this mortgage. 'Ill(! deliver• of such policies shall, in the event of default• constitute an assignnu•nt of the un- earned premium. Any sums received by the il4ortgagee by rr. nson of loss or damage insured against may he retained by the liortgag(. anti applied toward the payment of the debt hereby secured. or, ai the oration of the 11orf , e, such sums either ++holly or in part may lie paid over to flit, Mortgagor to he used to repair such buildings or to build new buildings in their pL•rc•e or for any other purpose or object satisfactory to the Alortgagee without affecting the lien on the mortgago for fit fill! amouiu .socirred here- by before such payment ever fool: place. � 1'o promptly repair, restore or rebuild lily huildings or in provennents nirw or hereafter on the premises which may hc- come damaged or cdestroyed• to keep said premises in jmod condition and repair and free from any mechanic's lien or other lien or claire of lien not expressly subordinated to the lion hereof; not to suffirr or permit any unlawful use of or any nuisance to exist oil said property nor to Hermit waste on said premises, nor to do any tither act whereby the property hereby conveyed shall become less valuable, n6r to diminish or impair its value by any act or omissiok to act; to comply with all requirements of law With respect to tire mortgaged premises and file use thereof, j That should the premises or any part thereof be taken or rl.imaged by reason of any public improvement or c•ondemnatioli proceeding, or uncder,f.he right of eminent domain, or in any other manner, the 14artgagec shall he entitled to :ill compons:ntions, awards, and any other payment or relief therefor, :incl shalt he entitlerd, "It. its option. to commence, appear in and prosecute in its own name any action or proceeding, or to make any compromise or settlement in connection with such taking or damage.:V1 such compensation, awards.• damages, right of action and proceeds are }ierehy assigned to the Mortgagee, who may, :utter dorlucting therefrom all its expenses, release any moneys so receiver] by it or alrply the same on any indebtedness secured hereby. •I'he %fort- gagor agrees to execute such further assignments of any compensation, awards, damages, "end rights of action and'procevd., :ns the Mortgagee may require. That in case of failure to perform any of the covenants herein, the r\lortgagce may do on the 14ortgagor's behalf everything so covenanted; that the 14orfgagee may also do any act it may deem; necessary to protect lite lien thereof: that the• 14ortgagur will repay upon demand any moneys paid or disbursed by the i Iortgagee for any of flip -above purposes, and such'mnneys together with interest thereon at the rate provided in said note shall become so much acdditional•in(lehtedrless hereby securer) and may he in- cluded in any decree foreclosing this mortgage and he paid out. of the rents or proceeds of sale of said premises 1. not otherwise paid; that it shall not he obligatory upon the mortgagee to inquire! into the validity of any lien, encumbrances, s, 'or claim in ad- vancing moneys as above authorizer], but nothing herein contained shall he construed as requiring the llortgagco hr hdvance any moneys for any such purpose nor to do any act hereunder; and that Mortgagee shall not incur any personal liability:hocause of any- thing it may do or omit to do hereunder, j In the event,of the default by Mortgagor in.the payment of anv installnnei;t, as required by the Note secured hereby, or in the performance of the obligation in this mortgage or in the note i4ectired thereby, the 1lortgagee shall he entitled to declare tdie debt secured hereby clue and payable without notice, and the Mortgagee shall he entitled at. its option, Without notice, either by itself or by a receiver to be appointed by the court thereof, and withoutrvsgard to the adequacy of any security for the indebtedness se- cured hereby, to enter upon and take possession of the mortgaged premises, and to collect and receive the rents, issues and profits thereof, and apply the same, less costs of operation and collection, upon the indebtedness secured by this mortgage; said rents, issues and piofits being hereby assigned to the Mortgagee as further security for the payment of alliaudebted nerss secured hereby, I The Mortgagee shall have the power to appoint any agent. sir agents it may desire for the purpose of repairing said prem- ises; renting the same; collecting the rents, revenues and income: and it may pay out of said income all expenses incurred in rent- ing and managing, the same and of cdllecting the rentals therefrom. The balance remaining, if any, shall he applied toward the discharge of the mortgage incdehtedness. This assignment is to terminate and become null and void upon release of this mortgage.