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0U9vU'6 THE MORTGAGOR FORTHER COVENANTS AVD AGREES:. That the Mortgagor will pa the indebtedness as he •einbefore provided. That the Mortgagor is the owner of saidproperty n 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 licln or encumbrance and that Mortgagbr will warranCand defend the title to said premises against the ctlaims of all persons who nsoever. To pay immediately when duc and payable all goner I taxes, special taxes special assessments, water charges . sewer serv- ice charges, and other taxes and charges against said propert( anti all taxes levied'.6n the debt secured hereby, andj furnish the Mortgagee, uliorn request, with the. original or duplicate rec. ipts Therefor. The Mortgagor agrees that there shall he added to each monthly payment required hereunder or under the evirence dtf debt secured hereby an rmtnint estimated by the;Mortgagee• to he. sufficient to enable tyle Mortgagee to pay, as they be ome flue, all taxes, assessments, and similar charges nipon the. prem- ises subject thereto; any deficiency because of the insufficicill of such additional payments shall. be forthwith deposited by the. Mortgagor with the , Mortgagee up6n demand by the i ,tort rgee. ,Any default unc(eri this par graph shall he dee nned.'a default in payment of taxes, assessments, or jimilar charges required I ereunder. i i The Mortgagor agrees that there shall also be add c�I to each monthly prymcnt of principal and interest. rcituired here-' under an amount estimated by the Mortgagee to be sufficient o enable the Mortgagee to pay"ati it becomes due,'tlie insurance- premium on any insurance policy d4livered to the Mortgagee. Any °deficiency because!of the insufficiency of such ;additional pay- ments shall be forthwith deposited by the Mortgagor with dic Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall he deemed a default in the payment of inset mce.jnremiums. If the pielicy or policies deposited are such as home otgriers or all .risk policies, and the ideposits are insufficient to pay the entire premium, the I Tortgagee may apply 'the deposit to pay premiums on risks required to lie insured by this mortgage Payments made b:y the Mortgagor under the above p tragraphs may, at the option of the Mortgagee be, held by it. and commingled with other, such funds ('Ir its own funds for the p hhymerit oC such items• and until so abplied, such, p ryments'are hereby pledged as security for the unpaid balance of the mortgage i Sdebtedness. To procure, deliver to, and maintain for the benefit ':f the Mortgagee during the life of this mortgage originalpolicies and renewals thereof, deliverer) at least, ten clays before the expir: tion :of any such policies, insuring:igainst fire and'ofher insurable hazards, casualties, and contingencies as the Mn Mortgagee may equire, in aamount r`-gnat to "the• indebtedness' , secu:red by this Mortgage• and in companies acceptable to the Mortgagee, will loss payable clause in favor of and in form acceptable toihe Xlortga gee. In the event any `policy is not renewed on or before ten days.of its expiration, the i\lortgagee may procure ih4urance on the improvements, pay the' premium thi;refor, and such sum shall recon e immediately dire? and) payable with intereW.it. the rate set forth in said note until paid and shall be secured by'this mor gage; Failure on the liart of the. Nl6rtgagor to furnishsrrch renewalsas are herein required. or failure lo'jmy any sums advanced he ermder shall,-at the 6ption cif the!,.iNlortgagee, coil stiti'te a default under the terms of this mortgage. The delivery of such policies shall, in the event of dlefault, ciinstilute an assignnreiit of fhe_ ui earhed .premium. Any sums receiver) by the.' Mortgagee by reason of loss or damage insured a„arnst,m ry be retainer) b} the..i%lbrtgagec and applied toward the payment irf the debt hereby secure(] or, at. the option of the I14ortgagecr such suras either wholly or in part may be paid over- to the.Mortgagor to be used to repair such buildings or to'Imilrl new buildings in their place or for any, ot}zer purpose or object satisfactory; to the Mortgagee withou affecting thelien on then mortgage for the full amount s26ured here- by before such payment ever took place. To promptly repair,, restore or rebuild any building or improvements now Or hereaftc r on the premises which may bc•: conic damaged or destroyed; to kec(t said premises in good coIditign and repair and _free from uny-mechanie's li nor other lien or claim of lien root expressly subordinated to the lien hereof; not. to suffer or permit any unlaWful.u5e of or any nuisance to exist on saiil_property nor to permit waste 'on said premises, nor to de any other act wher•ehythe propert'y' hereby conveyed shall become less valuable, nor to diminish or impair its value by any act or rrnission to act: to complI with all requirements of la with respect to the mortgaged premises and the 6,se thereof. j That should the premises or any part thereof be takei or damaged by re �scrin irC army I ublic improvement or coridenuratiort proceeding, or under -the right of eminent domain, or ill any o her manner, the Mortgagee shall be entitled, to all! compensations, . awards, and any other payment or relief therefor, and shall be fentifled, at its option, tri commence: ; appear in anrl'prosecute in its own.name any action or proceeding, or to make any connpror ise or settlement in Connection with such taking or damage. All such compensation, awards, damages, right of action and proceeds are :hereby assigner) to i the 1\4ortgagee, who may, after deducting therefrom all its expenses, release any moneys so received by i or apply the same on any indebtedness secured hereby: The Mort= gagor agrees to execute such further assignments of any coral ensation. awards, (damages, and rights of action and proceeds as the Mortgagee may require. That in case of failure to perform any of the covenants herein, the Mortgagee may c10 on the Mortgagor's Behalf every- thing so covenanted; that the Mortgagee may also do any act it may deem necessary ito protect (lie lien thereof; itliat:the Mort gagor will repay upon ,demand any moneys paid or disbursed by .the Mortgagee for any of the above purposes, and such moneys together with interest thereon at tile rate provided in said not shall become so much additional indebtedness hereby secured and may be. included in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said;premises if not otherwiselnaid; and that Mortgagee shall not incur any personal liability because of, anything it may do or omit tb•clei hereunder.' In the "event of the dcfault�by Mortgagor in the paymant bf any installment: tis required,by the Note secured hereby, or in the performance of the obligation in this mortgage or in the �rote..secured thereby, the Mortgagee shall he entitled to declare the debt secured hereby clue and payable without notice, and the iV urtgogee shall be entitled at its option, without notice; either by itself or by a receiver to be appointed by the court thereof,. and with �u t regard to the adequacy of :sty security for the indebtedness se- cured hereby, to enter upon and take possession of the mortg ged premises, and to collect and recgive the rents, issues and profits thereof, and apply tile, same, less costs of. operation ,and collec ion, : upon the indebtedness secured , by this mortgage; i said rents,, issues and profits being hereby assigned to the Mortgagee as furt ter security for the payment of all indebtedness secured liereby. ' The Mortgagee shall have the power to appoint any ag »t or agents it may desire for the purpose of repairing. said prem;_ isei renting the same:. collecting tile rents, revenues and incor�ne, and, it may pay out of said income all expenses incurred-in-rent ing iand managing the same and of collecting the rentals the efrom. The balance remaining, if any, shall be appliedtoward the discharge of the mortgage indebtedness. This assignment is to terminate and become null _vel, v ortl upon release of this mortgage. The Mortgagee 'may follecf a' "late charge"` not. to ext ecd Five Cents. (5c) for; each dollar ` (51.00) -of c ash' loial monthly payinent more than 115.days-in arrrirrs to cover the extra expo,iise involvigd in hnndding',dlelinquent;accounts.