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202106436
<br />title, interest, homestead, dower and right of dower, separate estate, possession, claim and demand, as
<br />well in law as in equity, of mortgagor and to the same, and every part of it, with the appurtenances of
<br />mortgagor in and to the same, and every part and parcel of it to mortgagee.
<br />Mortgagor warrants that mortgagor has a good and marketable title to an indefeasible fee estate in the
<br />real property comprising the mortgaged property subject to no lien, charge or encumbrance except as
<br />mortgagee has agreed to accept in writing. Mortgagor covenants that this mortgage is and will
<br />remain a valid and enforceable mortgage on the mortgaged property subject only to the exceptions
<br />provided in this mortgage. Mortgagor has full power and lawful authority to mortgage the
<br />mortgaged property in the manner and form used here whether intended now or intended to be done
<br />later. Mortgagor will preserve the title and will forever warrant and defend it to mortgagee and will
<br />forever warrant and defend the validity and priority of the lien against the claims of all persons and
<br />parties.
<br />Mortgagor will, at the cost of mortgagor, and without expense to the mortgagee, do any acts and
<br />execute, acknowledge and deliver all deeds, conveyances, mortgages, assignments, notices of
<br />assignments, transfers and assurances as mortgagee shall from time to time require to preserve the
<br />priority of the lien of this mortgage or to facilitate the performance of the terms of it.
<br />Provided, however, that if mortgagor pays to mortgagee the indebtedness in the principal sum of
<br />$180,000.00 as evidenced by a promissory note (the "note"), of even date with this mortgage, or any
<br />renewal or replacement of the note, executed by mortgagor and payable to order of mortgagee, with
<br />interest and on the terms as provided in it, and together with all other sums advanced by mortgagee to
<br />or on behalf of mortgagor pursuant to the note or this mortgage, on or before the final maturity date
<br />of the note and this mortgage as specified in the note, and shall perform all other covenants and
<br />conditions of the note, all of the terms of which are incorporated by reference as though set forth
<br />fully here, and of any renewal, extension or modification of the note and of this mortgage, then this
<br />mortgage and the estate created by it shall cease and terminate.
<br />Mortgagor further agrees with mortgagee as follows:
<br />SECTION ONE. PAYMENT OF PRINCIPAL, INTEREST
<br />To pay all sums, including interest secured, when due, as provided for in the note and any renewal,
<br />extension or modification of it and in this mortgage, all sums to be payable in lawful money of the
<br />United States of America at mortgagee's principal office mentioned above, or at any other place as
<br />mortgagee may designate in writing.
<br />SECTION TWO. PAYMENT OF PROPERTY CHARGES
<br />To pay when due, and without requiring any notice from mortgagee, all taxes, assessments of any
<br />type or nature and other charges levied or assessed against the mortgaged property or this mortgage
<br />and produce receipts for it on demand. To immediately pay and discharge any claim, lien or
<br />encumbrance against the mortgaged property which may be or become superior to this mortgage and
<br />to permit no default or delinquency on any other lien, encumbrance or charge against the mortgaged
<br />property.
<br />SECTION THREE. PAYMENT BY MONTHLY DEPOSITS; ACCELERATION
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